nrd525
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Activity: 1868
Merit: 1023
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November 01, 2013, 08:12:51 PM |
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>>how does margin trading work on this site?
You can borrow USD, BTC, or LTC (from other users) to trade on the margin. Interest rates are variable and reflect demand. Typically the USD rate is around 50% (but may go higher in a bull market), whereas BTC/LTC rates are around 2%.
>>i deposited 1.5 btc's.... how do i get this leveraged and then try to profit from bitcoins going up?
Borrow USD to buy BTC on the margin. You can set your leverage ratio in your account options.
You can borrow USD either directly in the lending tab (this is a good idea if you want to lock in a longterm fixed rate), or if you buy BTC in the margin trading tab - it will borrow USD at the lowest rates (which may be the variable rate).
>>I don't get how u buy bitcoins with bitcoins in the margin trade tab.
You use your bitcoin balance to cover the margin. It's a security. If you are long and bitcoins fall in value, your position may be liquidated and your bitcoin balance will be used to pay off your loss so that the website doesn't lose money.
If you are new to options trading, I'd recommend starting own with small amounts - like 0.1 BTC (or whatever the minimum is).
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Digital Gold for Gamblers and True Believers
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Faraday
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November 03, 2013, 06:43:28 PM |
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Why is there not currently enough reserve on bitstamp to place buy orders? Is this going to become a regular occurrence? There hasn't even been a lot of buying recently...
edit: I see you posted you had more funds on the way on the 24th of October.. Has it still not arrived at bitstamp?
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Spaceman_Spiff
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Merit: 1001
₪``Campaign Manager´´₪
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November 03, 2013, 06:46:21 PM |
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Where did the auto-renew option go?
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nrd525
Legendary
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Activity: 1868
Merit: 1023
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November 03, 2013, 07:35:12 PM |
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USD lending rates dropping. Prediction: Heading towards 30-35%.
Long term probably a downward trend to 20-25%.
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Digital Gold for Gamblers and True Believers
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8fold
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November 03, 2013, 07:48:05 PM |
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USD lending rates dropping. Prediction: Heading towards 30-35%.
Long term probably a downward trend to 20-25%.
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Bitrated user: 8fold.
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vokain
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Activity: 1834
Merit: 1019
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November 03, 2013, 08:26:46 PM |
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USD lending rates dropping. Prediction: Heading towards 30-35%.
Long term probably a downward trend to 20-25%.
? people finally finding you can take out a bank loan and deposit cash into bfx? |
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8fold
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November 03, 2013, 09:10:58 PM |
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USD lending rates dropping. Prediction: Heading towards 30-35%.
Long term probably a downward trend to 20-25%.
? people finally finding you can take out a bank loan and deposit cash into bfx? Yes! So you can then use than money to borrow even more at BFX! |
Bitrated user: 8fold.
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urwhatuknow
Sr. Member
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Activity: 446
Merit: 250
CAT.EX Exchange
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November 03, 2013, 09:42:09 PM
Last edit: November 03, 2013, 10:53:41 PM by urwhatuknow |
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Why is there not currently enough reserve on bitstamp to place buy orders? Is this going to become a regular occurrence? There hasn't even been a lot of buying recently...
edit: I see you posted you had more funds on the way on the 24th of October.. Has it still not arrived at bitstamp?
money arrived, went into bitcoins arrived again, went again into bitcoins and then again and again on friday we sent more money, which will probably arrive tomorrow or tuesday at the latest how much will they last? probably a few hours, and then we will send some more it's not us, it's the banking wire system that is slow ( takes at least a day or two, definitely can't be made in a matter of minutes) not much we can do about it, at least for the moment as a matter of fact we are working on an idea, but this might take a while thank you for your patience and understanding Giancarlo Bitfinex Team P.S.) For more details please read my previous explanation here: https://bitcointalk.org/index.php?topic=229438.msg3384994#msg3384994 |
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Sukrim
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November 04, 2013, 08:31:28 AM |
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You could try via Ripple, though I fear the liquidity there is also not really sufficient...
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superbit
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November 04, 2013, 04:07:45 PM |
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USD lending rates dropping. Prediction: Heading towards 30-35%.
Long term probably a downward trend to 20-25%.
? people finally finding you can take out a bank loan and deposit cash into bfx? I'm not so sure of that, rates are already back up and as more people put in USD to lend more people learn about the site that like to borrow. And the borrowers that make money will have even more leverage to borrow the next time there is an uptick in bitcoin. |
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Spaceman_Spiff
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November 04, 2013, 04:23:53 PM |
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people finally finding you can take out a bank loan and deposit cash into bfx? And then some hack, glitch, or mega-selloff happens and you are into debt for the rest of your life? No thanks... |
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vokain
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Activity: 1834
Merit: 1019
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November 04, 2013, 04:30:11 PM |
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people finally finding you can take out a bank loan and deposit cash into bfx? And then some hack, glitch, or mega-selloff happens and you are into debt for the rest of your life? No thanks... bankruptcy? there could be worse things... |
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Spaceman_Spiff
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November 04, 2013, 04:47:32 PM |
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people finally finding you can take out a bank loan and deposit cash into bfx? And then some hack, glitch, or mega-selloff happens and you are into debt for the rest of your life? No thanks... bankruptcy? there could be worse things... Enjoy your luxurious villa and yacht, or the dumpsters, whichever it turns out to be. I guess I'll be living my life in a regular house. |
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vokain
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Activity: 1834
Merit: 1019
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November 04, 2013, 04:58:49 PM |
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people finally finding you can take out a bank loan and deposit cash into bfx? And then some hack, glitch, or mega-selloff happens and you are into debt for the rest of your life? No thanks... bankruptcy? there could be worse things... Enjoy your luxurious villa and yacht, or the dumpsters, whichever it turns out to be. I guess I'll be living my life in a regular house. I don't own any seizable assets other than a motorcycle. anyways, the only loan i took out was a student loan, and the only dollars I put into Bitcoin were the dollars I received from a tuition refund check. |
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Spaceman_Spiff
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Activity: 1638
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November 04, 2013, 05:08:30 PM |
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people finally finding you can take out a bank loan and deposit cash into bfx? And then some hack, glitch, or mega-selloff happens and you are into debt for the rest of your life? No thanks... bankruptcy? there could be worse things... Enjoy your luxurious villa and yacht, or the dumpsters, whichever it turns out to be. I guess I'll be living my life in a regular house. I don't own any seizable assets other than a motorcycle. anyways, the only loan i took out was a student loan, and the only dollars I put into Bitcoin were the dollars I received from a tuition refund check. I wasn't trying to make this personal, but was rather just trying to make the point that somebody who takes a lot of risk can come out rich or poor. Even if you don't have seizable assets, your paycheck will be withheld if someone is into a lot of debt, no? I don't know how the system works in the US, where I presume you are from. |
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vokain
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Activity: 1834
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November 04, 2013, 05:13:43 PM |
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people finally finding you can take out a bank loan and deposit cash into bfx? And then some hack, glitch, or mega-selloff happens and you are into debt for the rest of your life? No thanks... bankruptcy? there could be worse things... Enjoy your luxurious villa and yacht, or the dumpsters, whichever it turns out to be. I guess I'll be living my life in a regular house. I don't own any seizable assets other than a motorcycle. anyways, the only loan i took out was a student loan, and the only dollars I put into Bitcoin were the dollars I received from a tuition refund check. I wasn't trying to make this personal, but was rather just trying to make the point that somebody who takes a lot of risk can come out rich or poor. Even if you don't have seizable assets, your paycheck will be withheld if you are into a lot of debt, no? I don't know how the system works in the US, where I presume you are from. yes, assuming I ever draw a paycheck. The thing about bitcoin, it antiquates a lot of the preexisting infrastructure, legally and financially. And in the US, "the system" is only getting older and older, and a bit more senile day by day... I wonder where we'll be in 5 years. |
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8fold
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November 04, 2013, 06:40:22 PM |
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I wonder where we'll be in 5 years.
 And having said this, let us resume the thread and stick to Bitfinex issues. |
Bitrated user: 8fold.
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Spaceman_Spiff
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November 04, 2013, 06:47:13 PM |
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I wonder where we'll be in 5 years.
And having said this, let us resume the thread and stick to Bitfinex issues. Agreed, I went a bit off-topic there. |
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nrd525
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Activity: 1868
Merit: 1023
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November 04, 2013, 09:41:23 PM |
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I tried to do a wire transfer (deposit) today, but was told that I need the address of the account holder.
What address should I use?
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Digital Gold for Gamblers and True Believers
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ninjaboon
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November 05, 2013, 12:18:15 AM |
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I tried to do a wire transfer (deposit) today, but was told that I need the address of the account holder.
What address should I use?
you should see it when you login to bitfinex and under deposit? |
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