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

[8fold]

USD lending rates are dropping a lot. [...]

Perfectly normal behavior in an uncertain and slightly bearish situation. There are less people looking to go long on margin and thus less demand. There are also more people sitting in USD waiting to see what happens and therefore there is more supply. What it does mean as well is that there is still the USD on the exchange to buy this back up if sentiment changes, the increase in USD supply suggests that people haven't withdrawn their money.

My thoughts as well. I am in the same situation. With USD on Bitfinex, not buying yet, and not lending at these rates... just waiting.

[marcotheminer]

When I open a margin trade, what are the costs?

I know there is ~0.25 USD interest daily but what about opening it (does it take a fee in BTC, I always notice my BTC balance decrease when I open a margin trade).

[tclo]

Bitfinex has been frozen for 30 minutes now....this is even worse than during the flash crash when it was laggy with updating one's positions.  At least then, the trading engine worked fine and you could place orders and get trades executed.  It is totally frozen now and can't do anything.

[deisik]

Bitfinex has been frozen for 30 minutes now....this is even worse than during the flash crash when it was laggy with updating one's positions.  At least then, the trading engine worked fine and you could place orders and get trades executed.  It is totally frozen now and can't do anything.

It started with orders being stuck. I could place new orders, but I couldn't cancel any open order neither manually not through API. Also, filled orders are shown as still open, though they don't get executed again...

Let's wait a little

[gamefreakgc]

Hmm... missing out on a major movement due to Bitfinex servers being down. Any idea what's wrong? Does support know of this?

[deisik]

Hmm... missing out on a major movement due to Bitfinex servers being down. Any idea what's wrong? Does support know of this?

Support keeps silence. I submitted a ticket but still no reply, as of yet. Wtf, the Ask price is below the Bid one in the order book (and someone seems to be trading)...

[pinky]

lol, like Mtgox. People GTFO if you still can.

[marcotheminer]

When I open a margin trade, what are the costs?

I know there is ~0.25 USD interest daily but what about opening it (does it take a fee in BTC, I always notice my BTC balance decrease when I open a margin trade).

[deisik]

lol, like Mtgox. People GTFO if you still can.

Withdrawals are working fine, I've just tried to withdraw something like 0.2BTC. Just trades are halted

[Ezmoneyezlife]

lol, like Mtgox. People GTFO if you still can.

Withdrawals are working fine, I've just tried to withdraw something like 0.2BTC. Just trades are halted

Apparently they are trying to prevent a new wave of long margin calls but they must give some info regarding this situation.

"We are aware of some issues with trading and are working to resolve them. Sorry for the inconvenience. Updates as they become available." from their twitter.

[deisik]

lol, like Mtgox. People GTFO if you still can.

Withdrawals are working fine, I've just tried to withdraw something like 0.2BTC. Just trades are halted

Apparently they are trying to prevent a new wave of long margin calls but they must give some info regarding this situation.

But the price seems to be more or less stable right now. I guess this is more like some technical issue...

[agent725]

And there I thought we were working with a reasonably professional trading system. These kinds of delays are unacceptable. Any trader who wants to check if their stop-loss or limit orders have been hit is now impatiently grinding teeth.

Any wise trader is currently not over-leveraged, however, in light of the recent Bitfinex flash-crash no trader wants to be left with a frozen trading station in a situation like this.

Mod point one down for Bitfinex.  

[agent725]

Sent the following message to support:

> *Submitted:* 08/24/2015 6:57 am
> *Subject:* cannot close orders
> *Ticket number: #*398608
>
> ----------------------------------------------------------------------------------------
>
>
> Hello support,
>
> At the moment Bitfinex seems to be frozen. I cannot close orders. I
> have already tried to login and out again.
>
> Please assist soon.
>


Support came back with the following response:

Hello Agent725
--------------
Trading on Bitfinex is currently halted for all users. We identified an anomaly in
post-trade processing and have suspended trading to resolve the issue. We expect trading
to resume shortly. please keep an eye on https://twitter.com/bitfinex to receive updates
on when normal operation resumes”.

Please accept our apologies for the inconvenience caused.

Kind regards,

Bjorn
Bitfinex Suppport Team
support@bitfinex.com 


///

Let us hope this 'post-trade processing' doesn't cause some traders out there to be left with huge losses.

[newbie666]

Awesome Bitfinex! You´re doing a great job , as always? I Everything will be resolved "soon" just until it happens the next time (5-6 days...)
Admit that you´re ouf money and coins and give people back what´s left, if there is anything left......
Thanks for fuckin everything up!

[deisik]

Sent the following message to support:

> *Submitted:* 08/24/2015 6:57 am
> *Subject:* cannot close orders
> *Ticket number: #*398608
>
> ----------------------------------------------------------------------------------------
>
>
> Hello support,
>
> At the moment Bitfinex seems to be frozen. I cannot close orders. I
> have already tried to login and out again.
>
> Please assist soon.
>


Support came back with the following response:

Hello Agent725
--------------
Trading on Bitfinex is currently halted for all users. We identified an anomaly in
post-trade processing and have suspended trading to resolve the issue. We expect trading
to resume shortly. please keep an eye on https://twitter.com/bitfinex to receive updates
on when normal operation resumes”.

Please accept our apologies for the inconvenience caused.

Kind regards,

Bjorn
Bitfinex Suppport Team
support@bitfinex.com 


///

Let us hope this 'post-trade processing' doesn't cause some traders out there to be left with huge losses.

I received the same e-mail. I also asked them if they would allow traders to cancel their open orders before trading restarted...

[deisik]

Awesome Bitfinex! You´re doing a great job , as always? I Everything will be resolved "soon" just until it happens the next time (5-6 days...)
Admit that you´re ouf money and coins and give people back what´s left, if there is anything left......
Thanks for fuckin everything up!

No, they are scarcely out of money. I successfully withdrew the core of my deposit (in addition to my 0.2BTC I withdrew previously). The withdrawal was pretty fast...

Left something around 0.5BTC which is stuck in open orders

[newbie666]

Awesome Bitfinex! You´re doing a great job , as always? I Everything will be resolved "soon" just until it happens the next time (5-6 days...)
Admit that you´re ouf money and coins and give people back what´s left, if there is anything left......
Thanks for fuckin everything up!

No, they are scarcely out of money. I successfully withdrew the core of my deposit (in addition to my 0.2BTC I withdrew previously). The withdrawal was pretty fast...

Left something around 0.5BTC which is stuck in open orders

If they aren´t now wait till we crash to sub 100 and all those 25m USD longs, most of them with BTC as collateral, will evaporate into nothing as there simply isn´t enough buy support to close into. This whole thing is going to blow up sooner or later.

[deisik]

Awesome Bitfinex! You´re doing a great job , as always? I Everything will be resolved "soon" just until it happens the next time (5-6 days...)
Admit that you´re ouf money and coins and give people back what´s left, if there is anything left......
Thanks for fuckin everything up!

No, they are scarcely out of money. I successfully withdrew the core of my deposit (in addition to my 0.2BTC I withdrew previously). The withdrawal was pretty fast...

Left something around 0.5BTC which is stuck in open orders

If they aren´t now wait till we crash to sub 100 and all those 25m USD longs, most of them with BTC as collateral, will evaporate into nothing as there simply isn´t enough buy support to close into. This whole thing is going to blow up sooner or later.

Withdrawals now seem to be stuck too (in a state of "processing"). Some of my open buy orders (which I couldn't cancel) got filled, and I immediately tried to withdraw the proceedings...

Time to run, I guess

[Bitcoin365]

The bitfinex employees seem to be more active on reddit these days.
If you have any problems with BFX I would therefore recommend posting
in r/bitcoinmarkets 

[Timetwister]

The bitfinex employees seem to be more active on reddit these days.
If you have any problems with BFX I would therefore recommend posting
in r/bitcoinmarkets 

They should pay more attention to this thread, they haven't posted in a lot of time.