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Author Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading  (Read 723633 times)
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bricky
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June 18, 2015, 10:19:18 AM
 #5681

withdraw 18 BTC to my wallet pending > 30 minutes Sad
How long time to process it?

Last time, it still 1 minute

Usually it's included in the next block. You got it already, don't you?

Their hot wallet might be empty. I have waited over 1 hour already...  Undecided

LTC withdrawals have been taking 4-6 hours for the last 2 days (where they were previously instant).

It *could* be a hot wallet issue I guess, but I doubt they'd leave the hot wallet empty for so long.
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June 18, 2015, 10:23:17 AM
 #5682

Yep, normally BTC withdrawals are almost instant, but now they'll take awhile. I have now another withdrawal, and it seems it'll take some time also...

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June 18, 2015, 04:57:48 PM
 #5683

Yep, normally BTC withdrawals are almost instant, but now they'll take awhile. I have now another withdrawal, and it seems it'll take some time also...

Maybe since the hack happened they have smaller amounts in their hot wallet.



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RappelzReborn
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June 18, 2015, 05:05:03 PM
 #5684

People with experience around here with Bitfinex , could you tell me what is this difference between Bitfinex & BTCJam exactly ? Last days I was asking about BTCJam and let's say I didn't hear pretty good things about it , one of them that if you get scammed .. you get scammed and there is nothing you can do about it . so not sure why they people for ID if they can't refund you eventually  Undecided

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June 18, 2015, 06:02:49 PM
 #5685

People with experience around here with Bitfinex , could you tell me what is this difference between Bitfinex & BTCJam exactly ? Last days I was asking about BTCJam and let's say I didn't hear pretty good things about it , one of them that if you get scammed .. you get scammed and there is nothing you can do about it . so not sure why they people for ID if they can't refund you eventually  Undecided

BTCJam lets you give your bitcoin to someone you don't know and you lose if they don't pay you back (with interest).
BitFinex holds your bitcoin and allows people you don't know ("swap takers") to borrow it in order to sell it, but only if those swap takers already have some bitcoin to pay for any loss they incur.
On BTCJam, you're trusting an unknown person.  On BitFinex, you're trusting BitFinex.

BTCJam doesn't offer any other service (except that you can be the one borrowing bitcoin instead of lending it).  BitFinex also offers exchange trading (turn your dollars into BTC or yout BTC into dollars - but to move dollars into or our of the service, you need to set up a financial connection) and margin trading (where your deposits are used as collateral to pay for losses you incur).

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RappelzReborn
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June 18, 2015, 06:30:52 PM
 #5686

People with experience around here with Bitfinex , could you tell me what is this difference between Bitfinex & BTCJam exactly ? Last days I was asking about BTCJam and let's say I didn't hear pretty good things about it , one of them that if you get scammed .. you get scammed and there is nothing you can do about it . so not sure why they people for ID if they can't refund you eventually  Undecided

BTCJam lets you give your bitcoin to someone you don't know and you lose if they don't pay you back (with interest).
BitFinex holds your bitcoin and allows people you don't know ("swap takers") to borrow it in order to sell it, but only if those swap takers already have some bitcoin to pay for any loss they incur.
On BTCJam, you're trusting an unknown person.  On BitFinex, you're trusting BitFinex.

BTCJam doesn't offer any other service (except that you can be the one borrowing bitcoin instead of lending it).  BitFinex also offers exchange trading (turn your dollars into BTC or yout BTC into dollars - but to move dollars into or our of the service, you need to set up a financial connection) and margin trading (where your deposits are used as collateral to pay for losses you incur).

"if those swap takers already have some bitcoin to pay for any loss they incur." Didn't understand that part to be honest , do they have to give some collateral or something ?
Also does that mean that I can borrow in Bitfinex and be 100% sure that I will get my money back  ?? that would be awesome .

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June 18, 2015, 08:50:12 PM
 #5687

People with experience around here with Bitfinex , could you tell me what is this difference between Bitfinex & BTCJam exactly ? Last days I was asking about BTCJam and let's say I didn't hear pretty good things about it , one of them that if you get scammed .. you get scammed and there is nothing you can do about it . so not sure why they people for ID if they can't refund you eventually  Undecided

BTCJam lets you give your bitcoin to someone you don't know and you lose if they don't pay you back (with interest).
BitFinex holds your bitcoin and allows people you don't know ("swap takers") to borrow it in order to sell it, but only if those swap takers already have some bitcoin to pay for any loss they incur.
On BTCJam, you're trusting an unknown person.  On BitFinex, you're trusting BitFinex.

BTCJam doesn't offer any other service (except that you can be the one borrowing bitcoin instead of lending it).  BitFinex also offers exchange trading (turn your dollars into BTC or yout BTC into dollars - but to move dollars into or our of the service, you need to set up a financial connection) and margin trading (where your deposits are used as collateral to pay for losses you incur).

The biggest difference is that the funds they borrow cant be taken out of bitfinex since they only can be used to trade with them. So the risk is rather small. I heard with a good risk management that its possible to be relatively secure on btcjam too but trusting bitfinex might be easier.

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June 20, 2015, 04:40:43 AM
 #5688

Hi everyone, any old-timers still around?
I've been away for about 7 months... I see we are still having way too much of USD swaps borrowed (close to 30 mln). This is not good for the uptrend expectations (current ratio of margin longs vs. shorts is about 6 to 1). Now that I looked at the market closer for the past few day, it really strikes me that borrowed USD swaps are pretty much always spiking up (people are going long on margin) exactly when the price is crashing down. This is the opposite of what should be happening (that is, margin longs should be selling to stop losses).

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June 20, 2015, 08:03:18 AM
 #5689

Maybe more new people go long than existing position holders liquidating?

"Stop loss" is another word for "realize loss"...

https://www.coinlend.org <-- automated lending at various exchanges.
https://www.bitfinex.com <-- Trade BTC for other currencies and vice versa.
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June 20, 2015, 01:43:52 PM
 #5690

People with experience around here with Bitfinex , could you tell me what is this difference between Bitfinex & BTCJam exactly ? Last days I was asking about BTCJam and let's say I didn't hear pretty good things about it , one of them that if you get scammed .. you get scammed and there is nothing you can do about it . so not sure why they people for ID if they can't refund you eventually  Undecided


At bitfinex you can trade using margin. See this article at investopedia:
http://www.investopedia.com/university/margin/

 

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June 20, 2015, 09:39:25 PM
 #5691

How about providing statistics on how much of the USD swap is in BTC longs, LTC longs, and how much is unused?

So adding the BTC/LTC breakdown.

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June 23, 2015, 03:34:35 AM
 #5692

withdraw 18 BTC to my wallet pending > 30 minutes Sad
How long time to process it?

Last time, it still 1 minute

Usually it's included in the next block. You got it already, don't you?

Their hot wallet might be empty. I have waited over 1 hour already...  Undecided

I have a pending withdraw for over 6 hours now,  I have 2fa, and every other time in the past it went out right away.   Is anyone else having problems
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June 24, 2015, 04:31:54 AM
 #5693

...
I have a pending withdraw for over 6 hours now,  I have 2fa, and every other time in the past it went out right away.   Is anyone else having problems
Short answer: You do not have a problem

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WhatTheGox
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June 24, 2015, 10:27:41 AM
 #5694

withdraw 18 BTC to my wallet pending > 30 minutes Sad
How long time to process it?

Last time, it still 1 minute

Usually it's included in the next block. You got it already, don't you?

Their hot wallet might be empty. I have waited over 1 hour already...  Undecided

I have a pending withdraw for over 6 hours now,  I have 2fa, and every other time in the past it went out right away.   Is anyone else having problems

The hot wallet needs refill, this happens occasionally, just wait a while and you'll get funds.  Think in the small print they say withdraws can take up to 24 or 48 hours sometimes.
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June 24, 2015, 06:00:37 PM
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Does anyone know who's handling PR / Relations for bitfinex right now.  I need to talk to someone about a project I'm working on, and all the people I know seem to be a bit MIA (mrj, urwhatuknow/Giancarlo, etc...)  I'm at a bit of a loss for who to talk to these days, and I hate just sending emails to the void of support@ without some idea who I'm connecting with....

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June 24, 2015, 06:18:54 PM
 #5696

Does anyone know who's handling PR / Relations for bitfinex right now.  I need to talk to someone about a project I'm working on, and all the people I know seem to be a bit MIA (mrj, urwhatuknow/Giancarlo, etc...)  I'm at a bit of a loss for who to talk to these days, and I hate just sending emails to the void of support@ without some idea who I'm connecting with....

I send you PM for a direct e-mail.
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June 24, 2015, 07:48:12 PM
 #5697



I send you PM for a direct e-mail.

Thanks, following up with them now.

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June 27, 2015, 01:17:26 PM
 #5698

Hello everyone,
Yesterday I didn't received the swap interest payment, did anyone else noticed this? or it was only me?
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June 27, 2015, 02:19:32 PM
 #5699

Hello everyone,
Yesterday I didn't received the swap interest payment, did anyone else noticed this? or it was only me?
Same here (BTC-Swap Payment).

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June 27, 2015, 07:14:29 PM
 #5700

Hot Wallet seems to be empty too. Not even small withdraws happen. Dont tell me... *sigh*

I really cant get another "hack". Maybe i saw this happen too often so that i think about these things so fast.

I tried to get them to stop a withdraw now, since i confirmed it and then i was told that its the wrong address. Maybe luck in bad luck though i doubt they will cancel it before the refill their hot wallet.

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