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

[deisik]

You're talking through your hat, boyo.

I asked a question (actually two). Just in case that simple fact failed to get through

Try buying $800,000 worth of XBT over the course of a year, as a private person, and let us know how that works for you. Bitfinex doesn't care how much money you send them, but your bank cares because it is regulated up the wazoo (at least in the U.S.)

I don't know about you, but in no circumstances I would buy $800,000 worth of bitcoins (even if I had $800,000, to begin with). Should I conclude that you habitually (or at least annually) buy and sell such amounts of bitcoins (dollars)?

[Anastasios]

Just a general question, I read some where some time that corporate users account for the majority of the volume on bitfinex, is this true?

Anybody can register an LLC and a bank account under the corporate name. And you should, if you're gonna send big wires.
Opening a corporate account at finex isn't hard.  I did it.
A "corporation" can be a one-man operation, it doesn't have to be a big company.

I understand that both account types can be made by the same type of user for the same purpose but I remember reading somewhere that the majority of the volume is done by corporate accounts, and I just wanted to check my sources

[Ente]

So, is there any difference/advantage on bitfinex when running a corporate account? Besides implications on my, local, side (bank account, legal status etc).
Where can I read up on that? I didn't find anything on a short google.

Ente

[birr]

You're talking through your hat, boyo.

I asked a question (actually two). Just in case that simple fact failed to get through

Try buying $800,000 worth of XBT over the course of a year, as a private person, and let us know how that works for you. Bitfinex doesn't care how much money you send them, but your bank cares because it is regulated up the wazoo (at least in the U.S.)

I don't know about you, but in no circumstances I would buy $800,000 worth of bitcoins (even if I had $800,000, to begin with). Should I conclude that you habitually (or at least annually) buy and sell such amounts of bitcoins (dollars)?

Don't believe everything you read on the internet.

[deisik]

You're talking through your hat, boyo.

I asked a question (actually two). Just in case that simple fact failed to get through

Try buying $800,000 worth of XBT over the course of a year, as a private person, and let us know how that works for you. Bitfinex doesn't care how much money you send them, but your bank cares because it is regulated up the wazoo (at least in the U.S.)

I don't know about you, but in no circumstances I would buy $800,000 worth of bitcoins (even if I had $800,000, to begin with). Should I conclude that you habitually (or at least annually) buy and sell such amounts of bitcoins (dollars)?

Don't believe everything you read on the internet.

Buying $800,000 worth of bitcoins in total over the course of a year is actually not a big deal for a day trader. It amounts to buying (and selling) slightly above $2,000 daily, which is nothing out of the ordinary if you are trading actively, lol. I could just as well say that I would be buying more than $1,000,000 worth of bitcoins over a year, whereas in fact I had been actively trading the same ~$3,000 for a few weeks using a bot (as an individual)...

Which made around a few hundred trades a day (though with a relatively small percent of the total capital)

[birr]

Just like ol' Georgie Washington with his cherry tree, I cannot tell a lie.  I really did buy $800k of coin one year. 
And I do mean bought, not traded.
You may kiss my ring now.

[deisik]

Just like ol' Georgie Washington with his cherry tree, I cannot tell a lie.  I really did buy $800k of coin one year. 
And I do mean bought, not traded.
You may kiss my ring now.

And how many bitcoins did you actually buy?

[birr]

Just like ol' Georgie Washington with his cherry tree, I cannot tell a lie.  I really did buy $800k of coin one year. 
And I do mean bought, not traded.
You may kiss my ring now.

And how many bitcoins did you actually buy?

Who cares?  Easy come, easy go...

[deisik]

Just like ol' Georgie Washington with his cherry tree, I cannot tell a lie.  I really did buy $800k of coin one year. 
And I do mean bought, not traded.
You may kiss my ring now.

And how many bitcoins did you actually buy?

Who cares?  Easy come, easy go...

Okay, how many bitcoins did you actually lose? And where...

[birr]

Lose?
Muahahahah!
I'ma light this here see-gar with a benjamin

We now return you to your regular programming

[traderman]

Anyone else not getting withdrawal confirmation emails?

[nrd525]

On Bitfinx, I have a BTCUSD short position. I also have a greater number of BTC in the wallet than the short position. So I had zero funding costs. The position is in profit.

Basically I was using the short position to sell some of my bitcoins during this price rise, without actually selling them (for tax purposes). But now I've changed my mind and I'd like to sell them.

So say, I have 20 bitcoins and a short for 10 bitcoins. I want to close my short and have 10 bitcoins. Can I do this with the "Claim" position function?

I know I could do this by simultaneously selling 10 bitcoins and using the close function on the short - but that would involve market slippage and extra fees.

I figure I should be able to do this because Bitfinex already sold the bitcoins for the short when I entered the trade. And I'm not paying again margin funding - so they've already sold *my* bitcoins.  Am I right?

[nrd525]

I'm thinking that "claim" does what I want:
https://bitcointa.lk/threads/official-bitfinex-com-first-bitcoin-p2p-lending-platform-for-leverage-trading.136130/page-153

Though it looks like a 0.2% fee.

[pumawolf]

just close it manually on the opposite  site   of margin trading its the same as the close button  except the close button just dumps it to whatever the market price is.  if u short for 10 btc  u would long for 10 btc and they will counter and close it.

[nrd525]

I didn't want to close the position.

Update - clicked the claim button and it had a message before it executed. I was worried that it might execute automatically. I claimed the position and it worked as expected with a 0.2% fee.

[Hunyadi]

My withdrawal has been in "Processing"-status for over 3 hours... 

[Sukrim]

...and it can be 21 hours more, since it will take up to(!) 24 hours (but often faster).

[birr]

It's 12 hours, not 24.

[Sukrim]

Ah, nice that they promise to be faster now.

In case this gets outdated again: https://www.bitfinex.com/support#section-moving-funds <-- source for the 12 hours promise on cryptocurrencies.

[Msile]

Hi. I want to margin fund USD for the nice interest rate. But I don't know how to do this effectively. If I auto-renew with FRR, they won't be taken (yet).

And if I do it manually, I'll have to do it too often and I kinda just want to forget about it.