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You should try their loan engine. You loan $$$ to people with a "minimum term" the loanee defines, and then these loans often just disappear from your "active loan" list. You don't lose the interest already gained, but the "minimum term" doesn't hold up at all. Seems to be that in reality as soon as the loanee can get a better deal elsewhere, the loan is canceled.
But as the loaner, you aren't allowed to cancel loans, and are given the impression the loanee can't either.
If loanees can pull out / disappear any time during the term of the loan, bitfinex shouldn't display "Minimum lending time (days)" on the loan page.
But as the loaner, you aren't allowed to cancel loans, and are given the impression the loanee can't either.
If loanees can pull out / disappear any time during the term of the loan, bitfinex shouldn't display "Minimum lending time (days)" on the loan page.
It is extremely fishy.
Either 1) it's a sloppy set-up, in which case fair enough - but we should all be more adequately warned.
2) He's scamming the hell out of us. I've lost nearly 2K because I expected to make a deal on the margins and when I needed to close, I couldn't.
