urwhatuknow
Sr. Member
Offline
Activity: 446
Merit: 250
CAT.EX Exchange
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June 16, 2014, 09:11:25 AM |
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Hi where are your trading servers located is it HK or the US? thx What is the purpose of your question if I may ask? Thanks Giancarlo Bitfinex Team
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Sukrim
Legendary
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Activity: 2618
Merit: 1007
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June 16, 2014, 09:43:45 AM |
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Risk assessment most likely? If your trading servers are somewhere where "they" have strong leverage to shut the servers down, your HK company won't help.
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komar
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June 16, 2014, 02:36:19 PM |
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where are your trading servers located is it HK or the US?
% geoiplookup bitfinex.com GeoIP Country Edition: IL, Israel
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urwhatuknow
Sr. Member
Offline
Activity: 446
Merit: 250
CAT.EX Exchange
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June 16, 2014, 02:39:02 PM |
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Risk assessment most likely? If your trading servers are somewhere where "they" have strong leverage to shut the servers down, your HK company won't help.
Not in the US and not in Hong Kong. They are in a safe place. Have a good day Giancarlo Bitfinex Team
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komar
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June 16, 2014, 09:07:48 PM |
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All the good times gone?
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Wandererfromthenorth
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June 17, 2014, 12:22:22 AM |
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Risk assessment most likely? If your trading servers are somewhere where "they" have strong leverage to shut the servers down, your HK company won't help.
Not in the US and not in Hong Kong. They are in a safe place. Have a good day Giancarlo Bitfinex Team Hi Giancarlo I have a question. I just put my BTCs as SWAP provided with the function "Auto-Renew" and I accidentally left "30 days" as default option. I just wanted to try out the feature, are my BTCs now "trapped" in SWAP provided for 30 days? How does it work? I just deactivated the "Auto-renew" function. Does it mean that when the user/users who is borrowing my BTC to short closes his position I can have my BTC back and use them for margin trading or withdrawal (before the 30 day period)? How can I access my BTCs without having to now wait for 30 days? Thanks.
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jonsi
Legendary
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Activity: 1397
Merit: 1019
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June 17, 2014, 12:35:29 AM |
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Risk assessment most likely? If your trading servers are somewhere where "they" have strong leverage to shut the servers down, your HK company won't help.
Not in the US and not in Hong Kong. They are in a safe place. Have a good day Giancarlo Bitfinex Team Hi Giancarlo I have a question. I just put my BTCs as SWAP provided with the function "Auto-Renew" and I accidentally left "30 days" as default option. I just wanted to try out the feature, are my BTCs now "trapped" in SWAP provided for 30 days? How does it work? I just deactivated the "Auto-renew" function. Does it mean that when the user/users who is borrowing my BTC to short closes his position I can have my BTC back and use them for margin trading or withdrawal (before the 30 day period)? How can I access my BTCs without having to now wait for 30 days? Thanks. If the person that borrowed your btc keep the contract for 30 days and if he's not closed because of the margin there is no way to get it back.
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BitBits
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June 17, 2014, 08:21:21 AM |
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Hi Giancarlo
I have a question.
I just put my BTCs as SWAP provided with the function "Auto-Renew" and I accidentally left "30 days" as default option. I just wanted to try out the feature, are my BTCs now "trapped" in SWAP provided for 30 days? How does it work? I just deactivated the "Auto-renew" function. Does it mean that when the user/users who is borrowing my BTC to short closes his position I can have my BTC back and use them for margin trading or withdrawal (before the 30 day period)? How can I access my BTCs without having to now wait for 30 days?
Thanks.
If the person that borrowed your btc keep the contract for 30 days and if he's not closed because of the margin there is no way to get it back. Strictly speaking, this^^ is correct and there is no fault in this of Bitfinex. However, considering the fact that there is plenty of coins which people do want to lend, I personally see no wrong doing by Bitfinex if your get your coins released as a courtesy, per your request to support.
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Ente
Legendary
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Activity: 2126
Merit: 1001
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June 17, 2014, 12:49:54 PM |
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Hi Giancarlo
I have a question.
I just put my BTCs as SWAP provided with the function "Auto-Renew" and I accidentally left "30 days" as default option. I just wanted to try out the feature, are my BTCs now "trapped" in SWAP provided for 30 days? How does it work? I just deactivated the "Auto-renew" function. Does it mean that when the user/users who is borrowing my BTC to short closes his position I can have my BTC back and use them for margin trading or withdrawal (before the 30 day period)? How can I access my BTCs without having to now wait for 30 days?
Thanks.
If the person that borrowed your btc keep the contract for 30 days and if he's not closed because of the margin there is no way to get it back. Strictly speaking, this^^ is correct and there is no fault in this of Bitfinex. However, considering the fact that there is plenty of coins which people do want to lend, I personally see no wrong doing by Bitfinex if your get your coins released as a courtesy, per your request to support. As a few times already in the past, this is one of the situations where it's not Bitfinex' own decision, because it's a contract between the two business partners. Cheer up, you're gaining money on this "error", Wandererfromthenorth :-) Ente
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DoubleSwapper
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June 17, 2014, 04:33:47 PM |
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Risk assessment most likely? If your trading servers are somewhere where "they" have strong leverage to shut the servers down, your HK company won't help.
Not in the US and not in Hong Kong. They are in a safe place. Have a good day Giancarlo Bitfinex Team Hi Giancarlo I have a question. I just put my BTCs as SWAP provided with the function "Auto-Renew" and I accidentally left "30 days" as default option. I just wanted to try out the feature, are my BTCs now "trapped" in SWAP provided for 30 days? How does it work? I just deactivated the "Auto-renew" function. Does it mean that when the user/users who is borrowing my BTC to short closes his position I can have my BTC back and use them for margin trading or withdrawal (before the 30 day period)? How can I access my BTCs without having to now wait for 30 days? Thanks. You are in a very shitty spot right now. You're basically in the hands of fate. If the guy who loaned the btc doesn't return them before the contract runs out your coins are indeed trapped for 30 days. Nothing you can do about it and BFX will most defintely not reverse this contract without you giving them a very good reason. Hi Giancarlo
I have a question.
I just put my BTCs as SWAP provided with the function "Auto-Renew" and I accidentally left "30 days" as default option. I just wanted to try out the feature, are my BTCs now "trapped" in SWAP provided for 30 days? How does it work? I just deactivated the "Auto-renew" function. Does it mean that when the user/users who is borrowing my BTC to short closes his position I can have my BTC back and use them for margin trading or withdrawal (before the 30 day period)? How can I access my BTCs without having to now wait for 30 days?
Thanks.
If the person that borrowed your btc keep the contract for 30 days and if he's not closed because of the margin there is no way to get it back. Strictly speaking, this^^ is correct and there is no fault in this of Bitfinex. However, considering the fact that there is plenty of coins which people do want to lend, I personally see no wrong doing by Bitfinex if your get your coins released as a courtesy, per your request to support. As a few times already in the past, this is one of the situations where it's not Bitfinex' own decision, because it's a contract between the two business partners. Cheer up, you're gaining money on this "error", Wandererfromthenorth :-) Ente While it is technically correct that he's earning btc on his deposit the interest rate is so retardedly low for btc that if the btc price depreciates 2 dollars he will probably have less than before in terms of fiat value. Although I'm very, very cautious with entering loans and such a mistake has never happened to me I fear the day I'm putting in a 30 day lending offer and enter a zero too much. I've seen this happen so often on the orderbook which is why I've been advocating an option where the lender can close his loan if he can find another swap offer for a cheaper rate and equally long duration to replace his.
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nrd525
Legendary
Offline
Activity: 1868
Merit: 1023
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June 17, 2014, 07:54:22 PM |
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If he wants to reverse his position and had funds to do it, he could short BTC. This is effectively the same as selling any of the BTC (with a marginal interest rate charge on the short position).
Alternatively this error could be reversed if it was possible to arbitrage loans. For instance he could get access to his full capital in exchange for borrowing the BTC from someone else and paying the interest rate differential, or actually getting paid the interest rate differential if his new loans were at a lower rate. That said - probably not a useful feature and it would make the lending/borrowing market a bit too complex.
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Digital Gold for Gamblers and True Believers
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BitBits
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June 18, 2014, 12:33:39 AM |
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If he wants to reverse his position and had funds to do it, he could short BTC. This is effectively the same as selling any of the BTC (with a marginal interest rate charge on the short position). ...
This will not be possible (both, technically and by the system design) since borrowed by someone funds cannot be used as basis/collateral for trading on margin.
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nrd525
Legendary
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Activity: 1868
Merit: 1023
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June 18, 2014, 02:59:53 AM |
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If he wants to reverse his position and had funds to do it, he could short BTC. This is effectively the same as selling any of the BTC (with a marginal interest rate charge on the short position). ...
This will not be possible (both, technically and by the system design) since borrowed by someone funds cannot be used as basis/collateral for trading on margin. I forgot to include the obvious caveat that he'd need enough funds to maintain the margin. If you have the funds, this handles the case where you'd want to sell your bitcoins anytime during the 30 day period when they are frozen.
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Digital Gold for Gamblers and True Believers
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nrd525
Legendary
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Activity: 1868
Merit: 1023
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June 18, 2014, 03:18:03 AM |
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I think the USD swap rate is lagging the market price. A large price rise started in May 20th - but the FRR was at 0.08% until May 25th. When the FRR peaked on June 4th, the rally was over.
The price peak on June 16 was close to the FRR peak of June 15.
The price is up $60 since the $540 bottom, but FRR is still in decline and hasn't reacted to this slightly bullish turn.
What could happen: 1) bullish market 2) demand for swap increases FRR 3) investors wait several days to see if the FRR is going to hold (and isn't just a random spike) or to sell off other investments or otherwise raise money 4) investors transfer money to Bitfinex 5) bullish market ends and swap rates decline
In a short-lived bullish market, the investor money can arrive at the same time the BTC price and the FRR have simultaneously peaked. At this point the FRR will fall a lot - and continue to do so even in the presence of mildly bullish news. It will take a major bull market to turn it around.
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Digital Gold for Gamblers and True Believers
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nrd525
Legendary
Offline
Activity: 1868
Merit: 1023
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June 18, 2014, 03:58:04 AM |
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Wow: $3.8 million demand for USD swap at the FRR (0.2045% and falling).
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Digital Gold for Gamblers and True Believers
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Ente
Legendary
Offline
Activity: 2126
Merit: 1001
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June 18, 2014, 06:54:18 AM |
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Risk assessment most likely? If your trading servers are somewhere where "they" have strong leverage to shut the servers down, your HK company won't help.
Not in the US and not in Hong Kong. They are in a safe place. Have a good day Giancarlo Bitfinex Team Hi Giancarlo I have a question. I just put my BTCs as SWAP provided with the function "Auto-Renew" and I accidentally left "30 days" as default option. I just wanted to try out the feature, are my BTCs now "trapped" in SWAP provided for 30 days? How does it work? I just deactivated the "Auto-renew" function. Does it mean that when the user/users who is borrowing my BTC to short closes his position I can have my BTC back and use them for margin trading or withdrawal (before the 30 day period)? How can I access my BTCs without having to now wait for 30 days? Thanks. Well, maybe post details of the exact swap we are talking about here. If you are lucky, the person who took it reads here and releases it. It can be identified with the date it will run out and the sum of the swap(s). Ente
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ledmaniak
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June 18, 2014, 09:55:44 AM |
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Guys, what happened with the notification boxes? Since a week or two I get like 4 to 5 messages stating that an order is placed/executed/cancelled. It scares the hell out of me every time that happens.
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Bitcoin: 1Cxi8BLvScSm1mW6kjb5MNeJZPrvAiYL6B Litecoin: LLmjtrrq1ZeD51NSUJ8VanuQduW8Ma3jrs
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DoubleSwapper
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June 18, 2014, 04:44:13 PM |
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Very good job detailing the "opened at" time! Much more precise!
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itsproblem2
Jr. Member
Offline
Activity: 56
Merit: 10
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June 19, 2014, 05:06:35 AM |
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Hello Guys,
how to put up a liquidity offer at frr rate through the API. also, can you set a autorenew rate/range via the API?
Cheers
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BETKING.io--------------- MOST POPULAR CROWDFUNDED BITCOIN CASINO BETKING.io---------------▐ DICE ▐ SPORTS ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ (https://betking.io?ref=u:itsproblem)
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arieh
Newbie
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Activity: 1
Merit: 0
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June 19, 2014, 06:59:03 AM |
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I'm getting the following error when I try to access the API:
Request unsuccessful. Incapsula incident ID: 163000790008533724-465516378349307129
What is the cause of this error?
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