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

[Helix]

Is the Bitfinex website being spoofed? I just tried to login but was unable to... It kept just asking for my two factor authentication over and over... I'm freaking out now... Bitfinex... Pls halt withdrawals...

[Helix]

Is the Bitfinex website being spoofed? I just tried to login but was unable to... It kept just asking for my two factor authentication over and over... I'm freaking out now... Bitfinex... Pls halt withdrawals...

Nevermind... This heartbleed issue has me on edge...

[F-bernanke]

Is the Bitfinex website being spoofed? I just tried to login but was unable to... It kept just asking for my two factor authentication over and over... I'm freaking out now... Bitfinex... Pls halt withdrawals...

I just don't understand they don't make e-mail confirmation mandetory for withdrawels.. locking withdrawel adresses helps though.

[Helix]

Is the Bitfinex website being spoofed? I just tried to login but was unable to... It kept just asking for my two factor authentication over and over... I'm freaking out now... Bitfinex... Pls halt withdrawals...

I just don't understand they don't make e-mail confirmation mandetory for withdrawels.. locking withdrawel adresses helps though.

Quick question, is it possible to "lock down" an account... What I mean is lock all withdrawal methods so that even if someone gains access to your account they still can't get any cash... You can lock a bitcoin/litecoin withdrawal address, the wire transfer is tied to your name... The only chink in the armor seems to be egopay, I'm not too familiar with it, is it possible to remove it as an option or tie it down to my email address as well?

[Helix]

Is the Bitfinex website being spoofed? I just tried to login but was unable to... It kept just asking for my two factor authentication over and over... I'm freaking out now... Bitfinex... Pls halt withdrawals...

I just don't understand they don't make e-mail confirmation mandetory for withdrawels.. locking withdrawel adresses helps though.

+1 for email confirmation...

[Ente]

The only chink in the armor seems to be egopay, I'm not too familiar with it, is it possible to remove it as an option or tie it down to my email address as well?

Good idea. Maybe give the option to remove this altogether.
Also email-confirmations are a good idea too.
How about a second 2Factor for withdrawal? Then you can't reuse the stolen 2Factor used for the ("failed") login, and can even seperate the second 2Factor to another mobilephone. Which you keep at home or something.

Ente

[traderman]

e-mail confirmation on withdrawal is already implemented.

Is the Bitfinex website being spoofed? I just tried to login but was unable to... It kept just asking for my two factor authentication over and over... I'm freaking out now... Bitfinex... Pls halt withdrawals...

I just don't understand they don't make e-mail confirmation mandetory for withdrawels.. locking withdrawel adresses helps though.

+1 for email confirmation...

[whatthesith]

e-mail confirmation on withdrawal is already implemented.

Is the Bitfinex website being spoofed? I just tried to login but was unable to... It kept just asking for my two factor authentication over and over... I'm freaking out now... Bitfinex... Pls halt withdrawals...

I just don't understand they don't make e-mail confirmation mandetory for withdrawels.. locking withdrawel adresses helps though.

+1 for email confirmation...

It is email notification for BTC withdrawal with 2FA enabled.


Email confirmation should have a link to click to trigger the withdrawal.

[traderman]

I think the flashrate is killing the lending orderbook, it creates an artificial wall and you can't see how much is being offered and @ what rate and duration. Everything is lumped into one giant ugly order. People need to see all the orders in the orderbook, that is the way a market is supposed to function.

[Sukrim]

Flashrate is fine, it is those stupid people that put in "market orders" for lending out money and even renewing them at laughable rates without actually looking at the current market situation.

FRR at least can go up over time again, people lending at 0.05% with autorenew are driving FRR down though and screw everybody else.

Anyways, you just have to predict a few nice spikes and hope for a lazy borrower to get into some nice positions, with current volatility I hope traders are having a lot of fun and profit too!

[wdl1908]

Sukrim: You got some advice for a beginner?

What is the best way to do lending.

Autor enewal with flash rate? for short periods like 7 days or for 30 days?

[TwinWinNerD]

Sukrim: You got some advice for a beginner?

What is the best way to do lending.

Autor enewal with flash rate? for short periods like 7 days or for 30 days?

Depens hugely on the time you want to spend into optimizing your rate.

Optimal would be to lend at a price where "lending spikes" take your order but not much lower. Then you activate the email notification when the loan is canceld. Now you do that again and again. If rates are comperatively low, you can user 2-7 days lending, if they spike just use 30 days and hope that people don't close loans and replace them with better rates.


Suboptimal -> 30 days FRR with autolend

[TwinWinNerD]

Flashrate is fine, it is those stupid people that put in "market orders" for lending out money and even renewing them at laughable rates without actually looking at the current market situation.

I am all for keeping the flashrate option for those who want it and I have used it myself in some rare cases. You want to go vacation at that cabin with no internets/electric/indoor toilet for a few weeks, what do you do? you autolend at flash return rate.  

Unrelated, I had a interesting discussion with my brother regarding Bitfinex today. It went somewhat like this..

- MtGox went bust, the same thing could happen to Bitfinex. You should withdraw all your funds from there and move them to your safe local bank-account.
- I do not consider my local EU bank account "safe", I think my funds are safer at Bitfinex.
- But MTGOX!
- Bitfinex is not MtGox.
- Well you should move funds out of there anyway, move half immediately. A bank account is much safer. It is backed by the government. The government loves you.
- No.
- But you could lose all your money if you keep it at Bitfinex. All of it.
- If you think I should diversify my trading stuff then I would rather move 1/3 to the chinese bitcoin exchange Okcoin and 1/3 to the chinese bitcoin exchange Huboi where my funds are safer than in a local bank account where my local fascist government can decide to confiscate it for sharing political views or no reason what so ever at any time.
- But your government loves you. Government keeps your money safe. Also, all Bitcoin exchanges are like MtGox,  specially those in China.
- Thank you for you opinion, want to play some chess now?

Anyone else have problems explaining to their family why on earth they would have any funds at Bitfinex since it's apparently MtGox and a disaster waiting to happen?

I had numerous discussions, but all ended with them agreeing with rational.

Just point out to them that you calculated a certain % loss probability into your return and it is still a much better investmnet strategy than not keeping some funds there. But like the saying goes, don't go allin on just one thing.

[Ente]

Yep, had this discussion twice in the last days.
Thanks Mark.
Oh, and those discussions might even be tougher with females ;-)

Ente

[Sukrim]

My money, my decisions, my risk.

I wouldn't for example take money from friends (or "investors" for that matter) and deposit it on their behalf on Bitfinex, managing a larger portfolio and taking a cut from the profits... it would be possible of course to do that, but I would not feel comfortable with it. On the other hand I do not really discuss this stuff with others. Some people act a bit smug/concerned when they hear "Bitcoin has crashed" to which I usually reply "to the value it had half a year ago - so what?", but that's about it actually.

[medicine]

It was discussed in another thread that on the login screen entering the username/email, password, and OTP all on the same page is more secure than entering the username and password first and then being directed to a second page where you enter the OTP.

The reason being is if someone is trying to hack your account and they enter the username and password on the first page and then are directed to the second page for the OTP, they know they have entered the correct username/password combination.
If all three fields are on the same page and only one is entered incorrectly then the user doesn't know which field is correct and which is incorrect.

This could be a small change we could consider.  My last suggestion didn't seem to get much support, maybe this one will?

Peace

[vach]

Hello,
Bitfinex provides lot of functionality, but there are few things i'm not sure I understand.

what exactly these order types mean? (Limit, Market, Stop, Trailing stop, Fill or Kill)
where can I read more on these, any guides? or can someone explain?

also if you guys could recommend good modern book on trading I'd be very happy

Regards

[TwinWinNerD]

Hello,
Bitfinex provides lot of functionality, but there are few things i'm not sure I understand.

what exactly these order types mean? (Limit, Market, Stop, Trailing stop, Fill or Kill)
where can I read more on these, any guides? or can someone explain?

also if you guys could recommend good modern book on trading I'd be very happy

Regards

There you go: http://en.wikipedia.org/wiki/Order_%28exchange%29

But I don't wanna be a party-pooper --> If you don't know the basics, you will get killed on trading with professionals. Bitfinex is providing services to professional forex/stock traders and they know exactely what they do. If you try to have an edge trading against them, you will have a bad time.

(Sorry)

[vach]

Where can I see my previous transactions? statistics?

[TwinWinNerD]

Where can I see my previous transactions? statistics?

Click on your username in top right corner, then choose history.