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

[capoeira]

"Account Overwiew" on the right side isn't showng up anymore

give it a few secs

I gave it 10min allready....it's gone
only exchange wallet will show up

i'm on the margin lending page and it shows up for me

thanks for the info, that's strange

asks and bids are loading forever on margin trade page, too here



EDIT: restarted me browser, and problem is gone

[capoeira]

The difficulty in getting money in and out of Bitfinex makes for a very inflexible supply of US loans.

ever heard of Bitcoin? 

[Ichthyo]

only exchange wallet will show up

asks and bids are loading forever on margin trade page, too here

EDIT: restarted me browser, and problem is gone

was the same for me.

Looks like there was quite some load on the site during the sharp spike upwards.

[urwhatuknow]

In case somebody of you missed it:

https://community.bitfinex.com/content.php/35-New-fee-schedule-from-the-8th-of-July-2013

have a good day

Giancarlo
Bitfinex Team

[capoeira]

In case somebody of you missed it:

https://community.bitfinex.com/content.php/35-New-fee-schedule-from-the-8th-of-July-2013

have a good day

Giancarlo
Bitfinex Team

So where do I see the volume traded in the last 30 days?

[xeverse]

I'm surprised GOX isn't at least an option.

It used to be an option. In fact quite good. Before this global paranoia has kicked in..

[Ichthyo]

I'm surprised GOX isn't at least an option.

It used to be an option. In fact quite good. Before this global paranoia has kicked in..

not sure if it's just paranoia.
For example, today the volume on Bitfinex was 13k BTC, about 700 k USD.
Throughout the day there was a significant price difference between Gox and Bitstamp.

Thus, if Gox trading was allowed, a huge portion of that USD would end up in the Gox trading account of Bitfinex. How would Bitfinex be able to withdraw, say $ 400000 per day from Mt.Gox and transfer them to Bitstamp and their own Bank account?

[capoeira]

I want:


SOUNDS (and/or emails) on execuded orders

[xeverse]

How would Bitfinex be able to withdraw, say $ 400000 per day from Mt.Gox and transfer them to Bitstamp and their own Bank account?

Maybe they should get rid of fiat and use bitcoins for this?..
Doing conversion only on their own platforms if needed..
The raw idea but at least this idea deserves some considering..
After all isn't bitcoin the best available tx vehicle now?

[Sukrim]

I'm surprised GOX isn't at least an option.

It used to be an option. In fact quite good. Before this global paranoia has kicked in..

not sure if it's just paranoia.
For example, today the volume on Bitfinex was 13k BTC, about 700 k USD.
Throughout the day there was a significant price difference between Gox and Bitstamp.

Thus, if Gox trading was allowed, a huge portion of that USD would end up in the Gox trading account of Bitfinex. How would Bitfinex be able to withdraw, say $ 400000 per day from Mt.Gox and transfer them to Bitstamp and their own Bank account?

Allow trading first come first served for 50k USD on gox. Halt trading, withdraw money. Once credited, allow trading for another 50k USD etc.

[arbitrage001]

I closed my gox <--->bitstamp/bitfinex arbitrage at a profit, brought back the cash to bitfinex, now my bid at 1630% was taken, feeling like a boss   .
(sorry, I had to brag, even if its only for a small amount   )

Anyone kind enough to explain the mechanic and math ?

[Spaceman_Spiff]

I closed my gox <--->bitstamp/bitfinex arbitrage at a profit, brought back the cash to bitfinex, now my bid at 1630% was taken, feeling like a boss   .
(sorry, I had to brag, even if its only for a small amount   )

Anyone kind enough to explain the mechanic and math ?

Your username is arbitrage001 and you want me to explain arbitrage ?  Loving the irony here (though probably my post was just too unclear, and you thought the 1630% had something to do with the arbitraging).

I had fiat on bitfinex and BTC on gox.  Gox price was higher than bitfinex/bitstamp.  Sold some coins on Gox, bought same amount of cheaper coins on bitfinex --> profit.
Some time later, Bitfinex/Bitstamp prices were a bit higher than Gox for a short time.  Sold the coins at Bitfinex, rebought the coins at gox --> little bit of profit, and fiat back at bitfinex.   Arbitrage cycle completed.
The last part is just that my fiat was right back on time to get some awesome % loans as a lender at Bitfinex.

[arbitrage001]

I closed my gox <--->bitstamp/bitfinex arbitrage at a profit, brought back the cash to bitfinex, now my bid at 1630% was taken, feeling like a boss   .
(sorry, I had to brag, even if its only for a small amount   )

Anyone kind enough to explain the mechanic and math ?

Your username is arbitrage001 and you want me to explain arbitrage ?  Loving the irony here (though probably my post was just too unclear, and you thought the 1630% had something to do with the arbitraging).

I had fiat on bitfinex and BTC on gox.  Gox price was higher than bitfinex/bitstamp.  Sold some coins on Gox, bought same amount of cheaper coins on bitfinex --> profit.
Some time later, Bitfinex/Bitstamp prices were a bit higher than Gox for a short time.  Sold the coins at Bitfinex, rebought the coins at gox --> little bit of profit, and fiat back at bitfinex.   Arbitrage cycle completed.
The last part is just that my fiat was right back on time to get some awesome % loans as a lender at Bitfinex.

I see. I had money stucked in Gox for over a month and not able to move it out. Normally I arbitrage between bitstamp and coinbase but the profit isn't really worth the risk after wire fee and commission.

The interest rate of 1630%, how safe is your money? Why anyone bother to do anything other than lending if people willing to pay such high rate. Anyone with credit card can max it out and do carry trade still make a decent profit with that rate.

[mccoyspace]

Those interest rates were a strange blip. It didn't last long. But it was there and strange to see.

[arbitrage001]

Anyone here with 10k+ on the exchange want to share their experience as far as trust and reliability is concerned?


Were you able to move money/bitcoin in and out quick?

[Sukrim]

Anyone here with 10k+ on the exchange want to share their experience as far as trust and reliability is concerned?


Were you able to move money/bitcoin in and out quick?

10k of what? I guess USD...

Since they seem to change and add business partners more often than some people change their underwear, I don't think experiences from even a few weeks ago are truly relevant.

[arbitrage001]

Their platform and idea are sound. Would hate to see them fail or turn out to be scam at this point.

In the long term, they will probably make more money doing it legitimately than trying to scam people.

[Ente]

Their platform and idea are sound. Would hate to see them fail or turn out to be scam at this point.

In the long term, they will probably make more money doing it legitimately than trying to scam people.

After all the work and organisation they put into this - I highly doubt they plan to scam anyone.
This is one of the few professional projects in Bitcoinland.

I was just about to ask if the page works for anyone on Android. It gives me a "500" on firefox, but does work on the native browser. Nice, so I don't have to close my position on holidays!

Ente

[Ente]

Those interest rates were a strange blip. It didn't last long. But it was there and strange to see.

No, this is no blip. Interestrates spike in the three- and four digits every other day now. Yes, you read that right, 1000% to 2000% interest on USD on Bitfinex! Normally it drops to "just" 100% to 200% again soon.
So, obviously there is quite a demand for USD.
How to make that incredible opportunity public?
"Hello, yes, more USD, please! Yes, yes, a lot! Yes, insurance is possible!" :-)

No, seriously, we need more of that stinkin' papermoney over here.

Ente

[arbitrage001]

No, this is no blip. Interestrates spike in the three- and four digits every other day now. Yes, you read that right, 1000% to 2000% interest on USD on Bitfinex! Normally it drops to "just" 100% to 200% again soon.
So, obviously there is quite a demand for USD.
How to make that incredible opportunity public?
"Hello, yes, more USD, please! Yes, yes, a lot! Yes, insurance is possible!" :-)

No, seriously, we need more of that stinkin' papermoney over here.

Ente

Sound like you either do some lending or borrowing.  What is the reason people paying such rate?

Based on what I read so far, trader can only use the borrow money on margin trading. And they can't move the coin out, so arbitrage is out of question.  I never know margin trading can provide such return. What is their liquidation policy on margin trading?