[OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading

[nrd525]

Insufficient funds bug is fixed (at least for me).

[1713556420]

1713556420

[1713556420]

1713556420

[PirateHatForTea]

Also why do i need a invitation code to ask question on the BFX forum ?? how do i get one ?

This confused me for months as well, because it wasn't in the original registration email or anywhere else. Turns out BFX send out 2 emails when you sign up, one for the platform, and another one with an invitation code for the forums. Just search your email for 'bitfinex invited' and it should come up.

[Speckle21]

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.

[sraosha]

Insufficient funds bug is fixed (at least for me).

For me as well. Bitfinex replied with an email only half a day later. Good service…

[halcyon]

Bitfinex already become second largest BTC exchange for USD weighted average.
How true is that?

exchange     volume %       volume ฿        last price
bitstamp     36.67%         39,255.46        672.0 USD
bitfinex     36.06%         38,602.91      675.0 USD
btce             26.55%          28,424.78      651.3 USD

https://bitcoinaverage.com/markets.htm#USD-nomillibit

in fact bitfinex is already the largest exchange... just think
about how much of bitstamps volume is due to trades on bitfinex 

[sraosha]

Bitfinex already become second largest BTC exchange for USD weighted average.
How true is that?

exchange     volume %       volume ฿        last price
bitstamp     36.67%         39,255.46        672.0 USD
bitfinex     36.06%         38,602.91      675.0 USD
btce             26.55%          28,424.78      651.3 USD

https://bitcoinaverage.com/markets.htm#USD-nomillibit

in fact bitfinex is already the largest exchange... just think
about how much of bitstamps volume is due to trades on bitfinex 

…but it is not shown anymore as Bitstamp orders since a few days. Does that mean they still have orders routed via Bitstamp and just don't show them for better usability, or did they disconnect from Bitstamp?

One thing I could not find out.

[halcyon]

Bitfinex already become second largest BTC exchange for USD weighted average.
How true is that?

exchange     volume %       volume ฿        last price
bitstamp     36.67%         39,255.46        672.0 USD
bitfinex     36.06%         38,602.91      675.0 USD
btce             26.55%          28,424.78      651.3 USD

https://bitcoinaverage.com/markets.htm#USD-nomillibit

in fact bitfinex is already the largest exchange... just think
about how much of bitstamps volume is due to trades on bitfinex  

…but it is not shown anymore as Bitstamp orders since a few days. Does that mean they still have orders routed via Bitstamp and just don't show them for better usability, or did they disconnect from Bitstamp?

One thing I could not find out.

yes they don´t show them as Bitstamp orders, but rather include them in the Bitfinex orderbook. This should results in better usability (because the Bitstamp fee is already included
in the displayed price)

[BitBits]

Bitfinex already become second largest BTC exchange for USD weighted average.
How true is that?

exchange     volume %       volume ฿        last price
bitstamp     36.67%         39,255.46        672.0 USD
bitfinex     36.06%         38,602.91      675.0 USD
btce             26.55%          28,424.78      651.3 USD

https://bitcoinaverage.com/markets.htm#USD-nomillibit

in fact bitfinex is already the largest exchange... just think
about how much of bitstamps volume is due to trades on bitfinex 

Are you sure that Bitfinex originated trades and sent to BitstampStamp, are not double reported? My feeling is that they are, but I am not saying that this is a problem whatsoever.

[halcyon]

Bitfinex already become second largest BTC exchange for USD weighted average.
How true is that?

exchange     volume %       volume ฿        last price
bitstamp     36.67%         39,255.46        672.0 USD
bitfinex     36.06%         38,602.91      675.0 USD
btce             26.55%          28,424.78      651.3 USD

https://bitcoinaverage.com/markets.htm#USD-nomillibit

in fact bitfinex is already the largest exchange... just think
about how much of bitstamps volume is due to trades on bitfinex 

Are you sure that Bitfinex originated trades and sent to BitstampStamp, are not double reported? My feeling is that they are, but I am not saying that this is a problem whatsoever.

could be possible, not entirely sure about this...

[diedicar]

bitfinex doesn' route via bitstamp anymore? i can't see the route button and the bitstamp quotes. Anyone, can cofirm this change? also leverage has changed without any notice.

[ledmaniak]

bitfinex doesn' route via bitstamp anymore? i can't see the route button and the bitstamp quotes. Anyone, can cofirm this change? also leverage has changed without any notice.

Read their announcement page.. It is integrated.

[CambioBTC]

bitfinex doesn' route via bitstamp anymore? i can't see the route button and the bitstamp quotes. Anyone, can cofirm this change? also leverage has changed without any notice.

Please read this: https://www.bitfinex.com/pages/announcements

Interesting side-note:

- MtGox has halted BTC withdraws.
- Bitstamp has halted BTC withdraws.
- Withdrawing BTC from BFX works fine.

+1, That's a BIG PLUS ONE
For BitFinex, appears we made
the right choice !

[Krazy-E]

Hey everyone,

I guess it'll be my last message here for today, sorry I can't answer to every individuals requests. Requests made to our email support will be treated in the next few days, including those who lost money because of our trading halt.

So my point will be these: the liquidations that happened and took the price to 100 were less than 25% of the total leveraged long positions. A lot of traders also have collaterals in BTC. Which means that nor Bitfinex nor Bitstamp had enough depth to absorb the cascading liquidations that would have occured and drag the price to near 0 as ALL long would have eventually be liquidated.

So yes, halting the trading engine saved 15+ millions of dollars. Yes, we will be fair to traders that got caught in a short during these time (again, on support email, not in the thread). If you think we should have let liquidity providers lose everything and close the margin trading for good, I understand. Maybe we halted the trading engine a bit too long. But we do not regret this decision and think this was the fairest decision to take.

One last thing: we are not impacted by the problem of Bitcoin withdrawals MtGox have. When a withdrawal seems to have failed, we use the bitcoin address to do a manual double check. So far this is not an issue.

Thank you all for your comprehension and have a good day
Raphael

Hello,

I sent a support ticket without reply about money lost.  Hopefully I will get a reply sometimes.  Of course, it may sound an idiot amount for you guys, but for a trader who doesn't make much and is hard working, it's pretty sad to lose money that should have been prevented if a system was regulated and following trading best practices.

Waiting for a reply and will report on how it went.

Thanks.

[Longhorn]

I had a long position at 19.80 worth about 1BTC. When the market went $100, I was margin called. There seems to be some conflicting info on reddit and here regarding those traders with a long position that were reimbursed.

So answer this: Am I SOL? Or will Bitfinex eventually get to my account and roll back the mess?

Thanks everyone in advance!

[nrd525]

You need to restate your problem.

I'm guessing you did not have a long position of 1 BTC with a buy-in at $19.80 USD for that position.  If you did, why would it be a problem if BTC was worth $100 (as you would be sitting on a $80.20 profit).

...
As for the larger issue - time will tell whether everyone gets reimbursed.

[Indamuck]

Hey everyone,

So yes, halting the trading engine saved 15+ millions of dollars. Yes, we will be fair to traders that got caught in a short during these time (again, on support email, not in the thread). If you think we should have let liquidity providers lose everything and close the margin trading for good, I understand. Maybe we halted the trading engine a bit too long. But we do not regret this decision and think this was the fairest decision to take ...


Thank you all for your comprehension and have a good day
Raphael

Hello,

I sent a support ticket without reply about money lost.  Hopefully I will get a reply sometimes.  Of course, it may sound an idiot amount for you guys, but for a trader who doesn't make much and is hard working, it's pretty sad to lose money that should have been prevented if a system was regulated and following trading best practices.

Waiting for a reply and will report on how it went.

Thanks.

I also tried to cover a short at around $550 ... even a market order wouldn't execute. I guess at Bitfinex one has to wait 3-4 days to get a fill via e-mail. Not a trader's platform, plain enough ...

[wilfried]

hy,
is it supported to place a trailing stop @ -x ("minus x")? i.e. as long as a position is @ -p/l that could be useful

[Indamuck]

Am I the only short-seller still waiting for fill via E-MAIL from the 'magic platform' that is Bitfinex?

Amidst the Monday sell-off I put in a Market Order Buy-to-Close a short I had placed over the weekend in anticipation of Gox' well telegraphed press release. Anyone with half a clue knows nothing good comes out of Gox. (Yes Mr. CFO, I do have a crystal ball, and from time to time it even works.)

So here's the magic question: How many DAYS does it take to confirm a fill with a Market Order on this platform?

[akujin]

Can I start trading without sending any documents? Just send my BTC to my account at bitfinex?

[fonzie]

Can I start trading without sending any documents? Just send my BTC to my account at bitfinex?

Yes