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1  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: September 18, 2014, 04:57:52 AM
I have a deposit of BTC I sent from Bistamp to Bitfinex that is not showing up. This is the first time I have sent a deposit since you changed your deposit format on the site. I copied and pasted the deposit wallet address from my "trading" account. Afterwards the address changed. Which I thought was weird.

At any rate, the deposit is confirmed on the blockchain, but is not showing up in my account. I have sent an email to support, but I am not crazy about having to wait 24 hours to get my 171 BTC back.

Please advise.

I'd hate to break this to you but if the address changes after you cut and paste (so the pasted address is not the same one you copied) then the problem isn't with BFX.... your computer is compromised. There are viruses/trojans/malware that alter bitcoin addresses so every time you cut and paste an address it replaces it with the hacker's address.

you've unwittingly sent your coins to a hacker.

sorry, but there is nothing that can be done from the BFX side on this.
2  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: September 15, 2014, 12:05:56 PM
The bug in the expiry dates is still there. I had a 30 day loan sitting in my unused swaps all night and over the 10 hours the hourly interest kept cutting it the swap went from 30 days to 20 days.

FFUUUUUUUUUUUUUUUUU---------

This is a serious bug. If we don't get a response in the next 24 hours i'm going to post in Reddit. It seems BFX pays more attention there anyway.
3  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: September 14, 2014, 01:11:21 PM
Might be a bug:

If i have unused swap sitting at 30 days and then use up a tiny bit (say to pay off interest) the rest of the swap's expiry is reduced by a *full day*. So my previously 30 day swap after being touched is now a 29 day swap. then if it's touched again it gets reduced to a 28 day swap. and so on. This is all happening on the same day, so it's not like i'm rolling over time legitimately. A day is taken off the swap time whenever the swap is cut but not completely used.

Can this be fixed?
4  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: August 24, 2014, 03:20:03 AM
I keep getting the error "you can't double click on the transfer button" whenever i'm moving money between wallets. The thing is i'm NOT double clicking at all. But this error keeps me from moving things, i have to retry several times for it to work.

What's causing this error and how do i fix it?

Avoid double-clicking!

Re-read my post.

I'm NOT double clicking, but the error keeps happening.
5  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: August 22, 2014, 05:25:12 PM
I keep getting the error "you can't double click on the transfer button" whenever i'm moving money between wallets. The thing is i'm NOT double clicking at all. But this error keeps me from moving things, i have to retry several times for it to work.

What's causing this error and how do i fix it?
6  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: August 15, 2014, 10:04:40 PM
During the recent limited flash crash, did BFX use the half-breaker idea i proposed back in february to blunt it? https://bitcointalk.org/index.php?topic=229438.msg5060308#msg5060308

The behaviour of the BFX during this time seems to suggest it has. Price goes wildly out of sync due to cascade liquidation, trading is halted for a minute to allow bids to rebuild, trading is resumed when depth is better, liquidation is trickled in the process repeats until the price is back in sync with bitstamp.

Good work on BFX for blunting the crash. I'm very happy that i wasn't liquidated (at least not yet, who knows how low we go in the future Wink.


... do i get a small reward for the winning idea? Cheesy
7  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: February 15, 2014, 02:03:11 PM
I know I suggested this before.. but: Shouldn't we all petition BFX to finally add DOGE?

IT'S SUCH CURRENCY!

And it's got the Volume in China:

http://www.cryptocoincharts.info/v2/coins/show/doge

Just sayin': WOW

Some kpop while you consider this seriously: https://www.youtube.com/watch?v=W3RXVco5mDg

NO

All the shit with glitched trading that happened a couple of weeks ago in the LTC markets shows that BFX is very far from ready to push even more currencies. Let them work out the bugs in the current system before risking piling more bugs with more currencies.
8  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: February 12, 2014, 08:31:16 AM
Insufficient funds bug is fixed (at least for me).

yup! my withdraw processed as well and is in my wallet now.

Bitfinex is on the ball. Smiley
9  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: February 11, 2014, 10:47:40 PM
Anyone else getting a "Pending Approval" for their withdraws?

Possibly the hot wallet is depleted and needs to be replenished?
10  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: February 10, 2014, 09:25:07 PM

I can understand halting trades when the margin calls have caused a significant difference b/w stamp and BFX, but a flat '10% per hour to decline is too much' centralized all exchange halt like a few people here are suggesting sounds ridiculous.  

What would you call such a system?  'FinCEN BTC, the first centralized authority in crypto!'

For a number of reasons the idea is nauseating.

Umm.. I wasn't the one that made that suggestion, i just suggested a rolling half-breaker, it operates under very different set of conditions and is specific only to BFX. I'm not sure why you're associating me with the suggestion to halt all exchanges.
11  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: February 10, 2014, 08:37:30 PM

I'm not sure why so many people think a volatility cap is a good idea for any exchange.  To a certain extent I guess I agree, but half of us only trade crypto because of the volatility.

Most of us coming from forex/stock markets and any trader with 'more than 3 neurons' (as the BFX devs put it) would immediately abandon BTC markets if a strict cap similar to other markets was every put in place.

Its really a risk/reward problem, even trading bitcoin comes with the inherent risk that your exchange will just run off with your money not to mention the sort of problems people have discussing here with 'halted' trading.  In addition if you have an experience with forex/stock exchanges/brokers trading bitcoin is like stepping back into the dark ages.  The fees are insane, there's no regulation, support for the trading platforms in pitiful by comparison, none of your funds are insured.  

My forex account is not only insured for 2 million but I also earn interest just on the deposit (not for lending just for having money on the exchange).  In addition most brokers offer ninjatrader, metatrader, or some other kind of support (the working version I might add), along with a number of other custom trading tools.

If the volatility is gone the traders will be too.

Its not the volatility that bothers anyone, its the halting of the trades during volatility. I agree that traders love volatility but halting trading due to a cascade is much worse from a trader's perspective.

The circuit breaker is a "meet in the middle" compromise where we trade some volatility for more platform reliability. Ideally we wouldn't have any circuit breaker nor halt any trades and let the chips land where they fall, but we simply can't do that. BFX HAS to halt trades to prevent certain extreme forms of volatility causing a cascade.

If you think my rolling half-breaker is WORSE than halting all trades on both sides then let us know so we can discuss the issue.

I think MORE traders would be gone if they got their positions ruined due to halted trading.
12  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: February 10, 2014, 08:24:16 PM
......

I like that idea.
Some automatic breaker, with the rules published in advance, and a clear message on every page of BitFinex in such a condition.

Please, everybody who still complains, take it to BitFinex email, as they themselves asked for. Or open a thread in "scam accusation", whatever. I don't want to hear it again and again for pages and pages.

To everybody making suggestions here: This sounds like we really can come up with a good plan here. And, as was stated by BitFinex/Giancarlo several times, people who make good suggestions will get some goodies. They are listening to us, lets make the platform go out stronger from this!

Ente


Yeah, a clearly defined and public circuit breaker of some type i think would help ease the market a LOT. I think the half-breaker would be awesome if the details are public because as soon as its turned on buyers would RUSH in and refill the bids because from their point of view, they get to buy coins at 0-5% below bitstamp price with *near certainty* their bids will get filled as the liquidations continue in a controlled fashion.

If we all knew the cascade was about to happen, i think a lot of us with available funds would have set up bid ladders to take advantage. There are few forces more powerful than greed, a half-breaker takes advantage of that.

I sure hope this gets implemented and i get a small bonus!

13  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: February 10, 2014, 07:03:41 PM

Have everything backed up with a APS / UPS,

but they only provide like 5 to 10 minutes at most

of power, what I need to do is install a Gasoline-Generator,

or a monkey on a bicycle, lol  Smiley


Having sold at 600 I'm also feeling your pain,

Another Trader's advice to me in situations like

that has been to "Trade the Market, Not Your Position, You can always Find a Good Position / Entry"

Don't Worry about having sold low, make up for it via another good trade.


If you have a hybrid electric vehicle a really cool thing a friend of mine did was install a high-powered inverter directly into the car's hybrid battery (not the 12 volt battery, the high voltage one used to run the vehicle). Now the car itself becomes a very powerful portable generator that can run his whole home for a full day on a full tank of gasoline. noise and emissions are also much better than a good store bought generator.

And i realized i just went way off topic. PM me if you want further details.



As for your advice. the real trick is knowing when to abandon a bad position and eat the loss. Smiley
14  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: February 10, 2014, 06:45:07 PM
Stamp  dropped  to 530.04  this morning,

Does anyone here know at just what level

BitFinex officially came back on-line for trading again ?

it was around $617 when bfx restarted,
I'm reaally down because i sold at ~600 hoping to get back in at $550. but just when i hit the buy button the trades were stopped.... Sad


I was tracking and saw the rise above 700,
which rose to 728,
it was my every intention to short that,
would have been a 198 point gain.

But my power here went out also if you can believe it or not,
then when it came back up BitFinex was halted at 598.

At least I was not long.

Thank God


P.S.:  But 617 is a 87-point
         lost opportunity, whew !

What gets me is that I've sat here in front of this computer
for two weeks straight, Jan 6, 2014 to Jan 20, 2014

and watched a sideways market for 2-Weeks straight,
now we finally get some action and this happens, incredible.

These opportunities are rare, maybe we will be lucky enough
to see lows like this again, that is if I'm not sleep at the time,
just happen to get out of bed last night, and still a double whammie,
power goes out and BitFinex halts trading, talk about "Bad Luck" !

I feel for ya,

At least you can mitigate your risk with a UPS for your computer/monitor/modem and such. It's something proactive you can do.

But the platform halting just hurts, there is nothing we can do on our end about it.

I hope BFX gives us a few days of zero fee trading or something to lessen the sting of these incidents.
15  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: February 10, 2014, 06:17:27 PM
Stamp  dropped  to 530.04  this morning,

Does anyone here know at just what level

BitFinex officially came back on-line for trading again ?

it was around $617 when bfx restarted,
I'm reaally down because i sold at ~600 hoping to get back in at $550. but just when i hit the buy button the trades were stopped.... Sad
16  Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading on: February 10, 2014, 05:55:08 PM
I have a suggestion:

From what i understand running out of BTC on bitstamp was what lead to the cascade. How about next time this happens, and the order book moves more than 5% out of sync with bitstamp, that bfx pauses *sell orders*.

So its similar to halting trading, but *limit buy* orders are still allowed.

What will happen is the traders and bots will start to fill in the depleted order book. Eventually sell orders are restored again once the order book depth reaches some predetermined value, like say 1000 Btcs to the bitstamp price. let the sell orders trickle in and if the depth is depleted again and goes 5% out of sync with bitstamp, you once again halt *sells* and resume when the depth rebuilds enough. Meanwhile, you're also sending more BTCs to bitstamp.

This is like a circuit breaker but allows a controlled sell off. The advantage is that because its slow, forced liquidations won't cascade to zero because there will always be buyers willing to fill in with more bids when they see the bitstamp/bfx order books go out of balance. Also i think the number of forced liquidations will be reduced because they are stopped at 5% below bitstamp and only resumed when the bids fill in. eventually there will enough bids to repay lenders and stop the cascade.

The point of halting trading i think is to stop a cascade and destroying the lenders. By still allowing *buy limit orders* placed, we're still giving the lenders their money (since its coming out of the buyers).

If there aren't enough buyers then no worries, the depth never refills and trading is not resumed until the extra BTCs get to bitstamp. This system won't be any worse than the current system of halting all trades until btcs get to bitstamp... at least i don't think it's worse.

This "half-breaker" works both ways, If the opposite happens somehow, you can stop buy orders in the other direction.

Anything wrong with implementing a half-breaker?

The only difficulty i can see is that extra computing power is needed to check if the above conditions are met after every trade. After a sell occurs, check if there is still enough btc in bistamp, if not, check if the last trade pushed the price to 5% below bitstamp price, if true, STOP SELLS.

For very large sells of thousands of BTC you'll also have to break up the transaction into smaller pieces and implement the checks after each piece.

Anyway, could this idea work?
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