Spaceman_Spiff
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March 11, 2014, 12:40:52 PM |
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All swap rate displays are back to "percent per year", instead of "percent per day".
Ente
Yeah, just when you are used to "per day" rates... Yeah, right? Remember how awful it seemed when it switched to "per day"? It looks just as incomprehensible now again! :-) Ente Having used both, I think I prefer the "per day" way, since the change in bitcoin price is x% per day as well. |
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DoubleSwapper
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March 11, 2014, 01:00:36 PM |
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I have just seen the change in swap interest display from daily to yearly. I find this change incredibly misleading as the average lending time is short and the maximum seems to be 60 days so there is really no point in displaying a yearly interest rate. Why would I have to divide the interest rate by 365 if I want to know how much I want to charge for two days. It also makes checking whether the correct daily swap payment is correct harder.
I vouch for reverting this change immidiately or at least consistently displaying both lending rates with the daily interest as the standard input value. Why touch a running system, BFX?
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Sukrim
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March 11, 2014, 01:07:51 PM |
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Yearly makes for a nice large number but is completely irrelevant as interest is being paid daily, not yearly. Also borrowers see daily rates, the header displays daily changes... please either change these to yearly too or keep interest rates daily too. Traders might be happy to give someone 0.25% if the market moves several times that much every day. They often seem to be hesitant to pay even 50% yearly interest though, even though that is FAR less than 0.25% per day.
Also with current structures (borrowers can cancel at any time!) it makes no sense at all to give yearly quotes, since it is highly unrealistic to lend out money for even just fractions of that amount of time.
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Spaceman_Spiff
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March 11, 2014, 01:16:31 PM |
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I can imagine the BFX team rolling their eyes when first everybody complains about the "per day" representation, and now everybody complains about the "per year" representation.  |
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DoubleSwapper
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March 11, 2014, 01:41:07 PM |
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I can imagine the BFX team rolling their eyes when first everybody complains about the "per day" representation, and now everybody complains about the "per year" representation. Was there a legitime complain about daily rates? I don't see any. |
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Rygon
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March 11, 2014, 01:42:15 PM |
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I can imagine the BFX team rolling their eyes when first everybody complains about the "per day" representation, and now everybody complains about the "per year" representation. Although I despite unnecessary cluttering of UI's, can't we just have a toggle to change between the two so everyone is happy? |
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Sukrim
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Activity: 2618
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March 11, 2014, 02:54:15 PM |
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I can imagine the BFX team rolling their eyes when first everybody complains about the "per day" representation, and now everybody complains about the "per year" representation. Was there a legitime complain about daily rates? I don't see any. Yeah, other than "ugh, I have to multiply by 365 now to get yearly rates", there was not much complainin' going on afair. Got any links to where "everybody" complains? My only complaint is the 1%/day "safety cap" which anyways only comes into effect in extreme bull markets. In these situations people then don't care about 2% interest rates as well, since they expect 10% upswings and want the money to trade on margin NOW instead of fumbling for some time to borrow some funds. |
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halcyon
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March 11, 2014, 03:32:41 PM |
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I can imagine the BFX team rolling their eyes when first everybody complains about the "per day" representation, and now everybody complains about the "per year" representation. Was there a legitime complain about daily rates? I don't see any. Yeah, other than "ugh, I have to multiply by 365 now to get yearly rates", there was not much complainin' going on afair. Got any links to where "everybody" complains? My only complaint is the 1%/day "safety cap" which anyways only comes into effect in extreme bull markets. In these situations people then don't care about 2% interest rates as well, since they expect 10% upswings and want the money to trade on margin NOW instead of fumbling for some time to borrow some funds. these bull runs are over  Marketcap is too huge already and BTC volatility will go down as it grows (with market cap growing ~2,5 million $ each day just with the newly mined bitcoins) |
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Spaceman_Spiff
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March 11, 2014, 04:21:14 PM |
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I can imagine the BFX team rolling their eyes when first everybody complains about the "per day" representation, and now everybody complains about the "per year" representation. Was there a legitime complain about daily rates? I don't see any. Yeah, other than "ugh, I have to multiply by 365 now to get yearly rates", there was not much complainin' going on afair. Got any links to where "everybody" complains? Obviously I was exaggerating... Don't be so serious guys |
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Ente
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March 11, 2014, 05:10:40 PM |
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FIY, in case someone didn't see already, it's back to "daily swap rate"
Probably just a glitch.
Ente
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whatthesith
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simply getting the job done
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March 12, 2014, 03:45:40 PM |
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They are not using Cloudflare now. They have switched to Incapsula for some time. |
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Spaceman_Spiff
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March 12, 2014, 07:01:00 PM |
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Am I the only one having some login difficulties? (I can get online, but not through the login button of the home page)
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superbit
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March 13, 2014, 05:01:18 AM |
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Am I the only one having some login difficulties? (I can get online, but not through the login button of the home page)
Worked just fine for me |
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itod
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^ Will code for Bitcoins
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March 13, 2014, 11:35:38 AM |
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Update from Cryptotrader.org thread: Recent updates & features... - Bitfinex Currently only basic trading options are available (Exchange Market Order and Exchange Limit Order), but we will be looking to add support for extended Bitfinex features such as Leveraged Trading, so if anyone has experience with trading there please let us know what trading instruments you have used on Bitfinex. |
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Ente
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March 13, 2014, 11:24:00 PM |
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Intaresting!
The question is, will the next models be larger or smaller than Gayoon?
Ente
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ustone
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March 14, 2014, 08:31:41 PM |
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Is here anyone else who didn't get interests today? I lend ca. 20000 USD and i did'nt get any interests for yesterday....
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Sukrim
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March 14, 2014, 08:37:20 PM |
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I got mine, the next ones are due in 4 hours.
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ustone
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March 14, 2014, 08:39:31 PM |
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I know, but the yesterdays missing....
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