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

[N12]

Yeah, I may have been unfair here: Bitfinex charges fees, so it's probably more risky to the owners to let such things happen and risk their business.

Still it's comical that we have to rely on a company being honest about supervising itself. I think that Bitcoin exchanges should get audited by financial professionals for this reason among others.

[Bagpipe]

BTC-E can't claim to operate under the load we do because their volume is way lower than ours...

Nope. I asked you about how many active users/bots are connected and how many trades/hour or so, you NEVER replied.

Your response is always: "since bitfinex matches one 100 BTC buy order and btc-e matches ten 1 BTC buy orders, it means that bitfinex does more order matching than btc-e"

Which is not true. And even if you had 5x higher latency than btc-e at 5x the volume, I would not utter a word. But your BASE latency is 2-3 seconds under 0 load, are you saying my internet connection to you has a lag of 2000-3000 miliseconds? Let me ping you... I already outlined what the times are. ANd your only answer is: "We are better!!1!!111!!1"

And yes, btc-e can claim to operate under loads you NEVER dreamt of. It is the most attacked trading site ever and the one longest in existence.

P.S. I clearly remember in early 2014 to have seen around 1000 buy and 1000 sell orders for ~0.01 executed in the same second. It showed up everywhere, somebody tried to flood without success. You claim that Bitfinex is able to do the same? I seriously doubt that. Your engine would lock up and come with the results 5-15 seconds later, just as it always does with less orders. You still deny it, this basic fact. I do not understand why? Do you understand why you keep denying it still? I don't.

P.P.S. 40 milisecond ping time. Your arguments are invalid.

[gog1]

wonder if anyone did any wire withdraw lately?  What's the processing time like?

OK, result - it took 3 days

[SebastianJu]

Does someone has a tip what kind of indicators work best for the bitcoin price. I found the RSI to be interesting though it seems there are often indicators that i dont know of. What is it? Trendlines, support lines, triangles and what so on?

I noticed that the price on bitfinex is way more spiky than on other exchanges. I guess the reason are margin trader who have enough coins to manipulate the price?

And then... when you think you predicted the wrong way... when do you sell? I often sold too early but often too late too. Its a bit hard to decide. So what do you guys do?

Another thing is, i have read an article about margin trading with kelly criterion. The author only calculated the margin leven to chose and it was high. Though i think the more important point is what amount of your funds you "set". I mean at the end its a binary bet, with a good disadvantage made by the fees. Shouldnt the kelly criterion say to only set 1% of your coins per bet? At least at JD it was calculated that way. I only see that its hard to collect some coins but its easy to lose them and way more on top. So i would like to minimize the risks of losing coins. Any tips there?

[Surf Capital Management]

Looks like Bitfinex's hot wallet is currently empty - been waiting on a BTC withdrawal to process for nearly 2 hours now.

@Bitfinex - load that wallet back up!!!

Edit: Transactions are processing - seems the hot wallet was refilled 

[TUANSS]

I can deposit into the account bitfinex by Moneygram / western union?

[Sukrim]

I can deposit into the account bitfinex by Moneygram / western union?

I doubt that, what makes you think that you can?

[atlosas]

Why does OCO get's cancelled when the order is only partialy filled? IS that how it should work?

[Ente]

Hey people!
I didn't read through the last 100 or so pages, but plan to stay updated from now on again :-)

- Since ages, the two balance overviews are mismatched: the overview in the top right corner is fine, the overview in "manage wallets" is wrong.

- I just found out that the "transfer funds" window is borked: it uses the "european" style separators, and interprets "1,000.00" as "1" and "1.000,00" as "1000". Every single place on BitFinex does display and interpret it the "US" style.

Those two combined took me a good while to figure out why the heck I can't transfer the sums I plan to.
Please fix this.

Ente

[Bagpipe]

Hey people!
I didn't read through the last 100 or so pages, but plan to stay updated from now on again :-)

- Since ages, the two balance overviews are mismatched: the overview in the top right corner is fine, the overview in "manage wallets" is wrong.

- I just found out that the "transfer funds" window is borked: it uses the "european" style separators, and interprets "1,000.00" as "1" and "1.000,00" as "1000". Every single place on BitFinex does display and interpret it the "US" style.

Those two combined took me a good while to figure out why the heck I can't transfer the sums I plan to.
Please fix this.

Ente

I will sum up the official response for you: "we are upgrading, and working hard, you can't imagine haw hard we work"

[Ente]

Thank you for the sum-up! So I didn't miss much on the last 100 pages? ;-)

I better not even start the months-old topics of:
- what exactly is the legal structure behind bitfinex?
- proof of solvency?
- loans fragment infinitely?

Ente

[medicine]

Thank you for the sum-up! So I didn't miss much on the last 100 pages? ;-)

I better not even start the months-old topics of:
- what exactly is the legal structure behind bitfinex?
- proof of solvency?
- loans fragment infinitely?

Ente

+1
The first two topics are critical and what keep me from trusting Bitfinex more.  Answers to those topics would do a lot to legitimize this eternally in-beta platform.  Also what is the eta on the Alphapoint platform upgrade?
Peace

[Xiaoxiao]

Could someone clue me in on what this whole fiasco about bitfinex "owner" gets "busted" is all about?

[SebastianJu]

Damn... this is going me on the nerves. Sometimes the price spread is something like 265.78 to 265.77. If you try to squeze in between with some uneven number in order to not pay taker fee then you most probably only end up with a 0.2% fee in your history.

[mjr]

Why does OCO get's cancelled when the order is only partialy filled? IS that how it should work?

yes, anytime one order is "activated" it cancels the other orders. One cancels Others. So, it is a nice way to make sure you don't double down on buying or selling, if you want to have a stop loss AND a "take profit".

[mjr]

Hey people!
I didn't read through the last 100 or so pages, but plan to stay updated from now on again :-)

- Since ages, the two balance overviews are mismatched: the overview in the top right corner is fine, the overview in "manage wallets" is wrong.

- I just found out that the "transfer funds" window is borked: it uses the "european" style separators, and interprets "1,000.00" as "1" and "1.000,00" as "1000". Every single place on BitFinex does display and interpret it the "US" style.

Those two combined took me a good while to figure out why the heck I can't transfer the sums I plan to.
Please fix this.

Ente

This has never happened to me...we will look into it.

[picobit]

Why does OCO get's cancelled when the order is only partialy filled? IS that how it should work?

yes, anytime one order is "activated" it cancels the other orders. One cancels Others. So, it is a nice way to make sure you don't double down on buying or selling, if you want to have a stop loss AND a "take profit".

But that does not work if a partial fill cancels the whole other order.  It is only reliable if a partial fill cancels the same part of the other order (assuming the two had the same size to begin with, which I guess is not guaranteed).

[Ente]

Hey people!
I didn't read through the last 100 or so pages, but plan to stay updated from now on again :-)

- Since ages, the two balance overviews are mismatched: the overview in the top right corner is fine, the overview in "manage wallets" is wrong.

- I just found out that the "transfer funds" window is borked: it uses the "european" style separators, and interprets "1,000.00" as "1" and "1.000,00" as "1000". Every single place on BitFinex does display and interpret it the "US" style.

Those two combined took me a good while to figure out why the heck I can't transfer the sums I plan to.
Please fix this.

Ente

This has never happened to me...we will look into it.

Let me know if I can be of help here.

Ente

[BitCoinNutJob]

Finex are too busy right now rolling in dollars from being the #1 non fake volume trading site.. just kidding im sure any probs will get sorted out.

[atlosas]

Why does OCO get's cancelled when the order is only partialy filled? IS that how it should work?

yes, anytime one order is "activated" it cancels the other orders. One cancels Others. So, it is a nice way to make sure you don't double down on buying or selling, if you want to have a stop loss AND a "take profit".

But that does not work if a partial fill cancels the whole other order.  It is only reliable if a partial fill cancels the same part of the other order (assuming the two had the same size to begin with, which I guess is not guaranteed).

That would be good. Now let;s say i want to sell 100 btc 300 and put stop loss at 280 to avoid margin call at 250. Now the market moves to 300 but only 1 bitcoin is sold. My stop order gets canceled. Market moves down and i get margin called. That is nonsense