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

[superbit]

I looked at shorting it but 0.23% a day?

0.2% a day, 16% until December 15 (actually less because it's a "depleting asset"). But with current price you'll be in profit anyway.

So as I test (never shorted before), and I didn't borrow anything and just did a margin sell at market of 0.1 TH1BTC.  The order went though but under swap cost it says 0.00?  The system must have borrowed the TH1BTC from someone to sell it, where do I see that?  I didn't have to put in how many days I wanted to borrow from or anything.

Thanks,

[1714946332]

1714946332

[1714946332]

1714946332

[001sonkit]

I looked at shorting it but 0.23% a day?

0.2% a day, 16% until December 15 (actually less because it's a "depleting asset"). But with current price you'll be in profit anyway.

So as I test (never shorted before), and I didn't borrow anything and just did a margin sell at market of 0.1 TH1BTC.  The order went though but under swap cost it says 0.00?  The system must have borrowed the TH1BTC from someone to sell it, where do I see that?  I didn't have to put in how many days I wanted to borrow from or anything.

Thanks,

The swap probably says 'daily' under it. If so the swap is paid daily and you might need to have a look at history to see details on the daily payment on your swap.

[001sonkit]

Cause found

https://blockchain.info/address/19vvtxUpbidB8MT5CsSYYTBEjMRnowSZj4
https://blockchain.info/tx/f158c673275d52b8b79af78f94b9a10c72b9208717391d7ec053bab86c50f9fe

[superbit]

I looked at shorting it but 0.23% a day?

0.2% a day, 16% until December 15 (actually less because it's a "depleting asset"). But with current price you'll be in profit anyway.

So as I test (never shorted before), and I didn't borrow anything and just did a margin sell at market of 0.1 TH1BTC.  The order went though but under swap cost it says 0.00?  The system must have borrowed the TH1BTC from someone to sell it, where do I see that?  I didn't have to put in how many days I wanted to borrow from or anything.

Thanks,

The swap probably says 'daily' under it. If so the swap is paid daily and you might need to have a look at history to see details on the daily payment on your swap.

It does say daily, but I don't see where in history I get the rate? With term do you only pay at then end of the term you borrowed for? Difference and which is usually cheaper?

edit: Found it, if I go to where I lend out USD it says swaps used in margin position!  Still don't get the term daily thing though

[DerekH]

Was anyone else just paid negative dividends on their TH1?!?!

I now have a negative balance in my trading account. I am lending my TH1 out but I'm not doing any margin trading.

 https://i.imgur.com/T0qTr2S.png

[001sonkit]

Derek you have 2 misconception

1: You own the shares when you lend out and you would earn dividend
2: The system is shitty that it tracks balance of wallet to determine, as previous post mentioned there was an out going transaction from the mining wallet thus this happened. Blame unclescrooge.

@superbit
It is a complicated (yet buggy) system

[Delarock]

Yeah... So it wasn't just me.

Anyone working on this?

[001sonkit]

Support is dead (having fun weekends?)

Compare and know why, see how idiotic and devestating would it be for the bug (which possibly have a larger transaction and everyone is out in balance causing things like margin call)

[DerekH]

Derek you have 2 misconception

1: You own the shares when you lend out and you would earn dividend
2: The system is shitty that it tracks balance of wallet to determine, as previous post mentioned there was an out going transaction from the mining wallet thus this happened. Blame unclescrooge.

@superbit
It is a complicated (yet buggy) system

Ah thanks, I'm not totally sure how that leads to a negative balance though. I'll start going through your earlier posts.

Bitfinex really needs to get their house in order. Between earlier this week my market orders taking 10 minutes to go through and not canceling, not replying to support emails and now this I'm considering finding a new exchange for the first time since I got onto Bitfinex a year ago.

[nycgoat]

Came here re: the negative dividends issue as well.  Glad to see you guys have sorted out the cause.

[001sonkit]

Came here re: the negative dividends issue as well.  Glad to see you guys have sorted out the cause.

Cause is known, problem still here.

This address triggers everything: 19vvtxUpbidB8MT5CsSYYTBEjMRnowSZj4
Send any balance here and it will appear proportionally (by dividing 3500TH) in every BFX account.

[nycgoat]

Came here re: the negative dividends issue as well.  Glad to see you guys have sorted out the cause.

Cause is known, problem still here.

This address triggers everything: 19vvtxUpbidB8MT5CsSYYTBEjMRnowSZj4
Send any balance here and it will appear proportionally (by dividing 3500TH) in every BFX account.

Yep, I am sure they will sort things out soon.  Bfx is pretty responsive and easy to work with in my experience. 

This should be an interesting difficulty period for those trading TH1BTC.  The 504 block moving average was below the 1,008 and 2,016 at the time of difficulty change.  I don't think I have seen that in months/years.

[unclescrooge]

Hello everyone,

Some of you may have noticed on the mining stats page that the last block had a reward of -200.71XXXX (block height 322671). And everyone holding TH1 got charged BTC instead of earning it.

Unfortunately Bitfinex got the wrong information about the last block reward. This block was not mined by TH1 and as a result, you will all be credited back the dividends shortly.

Please allow us a few hours to proceed, and please accept our apologies for the inconvenience

Have a good day
Raphael
Bitfinex team

[Delarock]

Looks like I got mine back. Thanks.

[nycgoat]

Is there a discussion thread for TH1BTC? I couldn't find anything.

Thank you.

[superbit]

If I want to close one of my loans I have out for a new loan at a lower rate, BUT the lower rate could only partially cover the existing loan at the higher rate how I do that?

In other words partially close one of my existing loans?

[001sonkit]

Is there a discussion thread for TH1BTC? I couldn't find anything.

Thank you.

https://bitcointalk.org/index.php?topic=794060

[superbit]

If I want to close one of my loans I have out for a new loan at a lower rate, BUT the lower rate could only partially cover the existing loan at the higher rate how I do that?

In other words partially close one of my existing loans?

Anyone?  There are partial offers available cheaper than some of mine, but as stated above all my existing ones are bigger so not sure how to close part of it for these lower rates.

[nrd525]

You cannot.  Which is why it makes sense to open up lots of small loans instead of bigger ones.

[001sonkit]

TH1BTC is getting more an more interesting