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

[lg1500]

bitfinex th1 need much more Mining Contract Size

wake up bitfinex, prize is too high 1.25-1.30 this prize is manipulated becouse no swap for short positions, i dont want end on 15.12.2014 with prize 1 th/btc and useless th1 with high swap.
Or worse prize above 2.0 th1/btc after 15.12.2014 and margin call with lost all.

you told about adding more contract size, but nobody selling, this mean all is manipulated and you need do something.

who want 2 month contract for 1.3 btc/th1 when is worth now something like 0.7-0.8 btc with 10 % increase diffculty

[szmarco]

Are any of you guys having issues with two factor auth? I'm having issues authenticating. (Pretty sure my keys are correct, never had a past issue)

No.
Nobody else posted the same problem after your post.
You should post a ticket to OP. That will help you.

[kb24mvp]

In terms of daily vs term swap:

Changing from daily to term shouldn't change what rates I had locked in right? I'm thinking it only changes the mechanism of payment (from me paying the interest daily to the interest being accumulated and the USD being used to pay my BTC swap cost borrowed from the swap market) but not the swap term

Is this correct?

Anyone? I changed my term to daily and somehow it closed my current swap that I had and re-opened a new one

I was under the impression it only changes how I pay for the interest and not my actual existing swap!?

Does BFX still read this thread? can i get an answer here?

[lg1500]

what is wrong with you bitfinex do something with th1 !!!, too much swap used, no more swap left, prize cant go down, i dont want lost all my money becouse you not adding any more asset size, look for swap demand and swap in use, if prize will still go up, my dividends and swap cost will eat my balance, and prize will make margin call.

[001sonkit]

what is wrong with you bitfinex do something with th1 !!!, too much swap used, no more swap left, prize cant go down, i dont want lost all my money becouse you not adding any more asset size, look for swap demand and swap in use, if prize will still go up, my dividends and swap cost will eat my balance, and prize will make margin call.

I am a shorter too but thats your falut on poorly managing your position.

[lg1500]

what is wrong with you bitfinex do something with th1 !!!, too much swap used, no more swap left, prize cant go down, i dont want lost all my money becouse you not adding any more asset size, look for swap demand and swap in use, if prize will still go up, my dividends and swap cost will eat my balance, and prize will make margin call.

I am a shorter too but thats your falut on poorly managing your position.

my positions are managed good, but still if left 10-20 days and prize skyrocket above 2 all is lost

[lg1500]

I write e-mail about th1 bitfinex
(Question)
Hello, i have question

i margin seling TH1 1.30, what will happen on 15.12.2014 ?
are you add one big sell TH1 for 0.00 btc or 0.0001 btc/th1 ?

i think this is only solution to prevent manipulation when someone cant close margin position and still need paying swap costs, for something expired

(Answer)
Hello,


At the end of the contract, the TH1 becomes worthless (all positions and balance reset to 0).


Best regards
John
Support department
Bitfinex team

Good news this mean after 15.12.2014 people with th1 cant manipulate all who margin selling positions,

if you margin selling 1.00 th1 for 1.3 btc on 15.12.2014 you will get 1.3 btc -dividend cost -swap cost,

current this mean 40-50 % profit

[Glandoux]

Minimum trade is still 0.1 BTC.... why so high...  Put it back to 0.01.

[DerekH]

I've been waiting 2 weeks for a reply from support@bitfinex.com. I send an email a week ago to contact@bitfinex.com asking for an update and they said they would forward it to IT but no update since. Anyone else able to get through to them?

[gog1]

Total USD swap is $19.5 million, and less than $500k to 0.1%.  A lot of people pull their offer or people find better alternative?

[superbit]

I write e-mail about th1 bitfinex
(Question)
Hello, i have question

i margin seling TH1 1.30, what will happen on 15.12.2014 ?
are you add one big sell TH1 for 0.00 btc or 0.0001 btc/th1 ?

i think this is only solution to prevent manipulation when someone cant close margin position and still need paying swap costs, for something expired

(Answer)
Hello,


At the end of the contract, the TH1 becomes worthless (all positions and balance reset to 0).


Best regards
John
Support department
Bitfinex team

Good news this mean after 15.12.2014 people with th1 cant manipulate all who margin selling positions,

if you margin selling 1.00 th1 for 1.3 btc on 15.12.2014 you will get 1.3 btc -dividend cost -swap cost,

current this mean 40-50 % profit

Not at these insane swap costs, need more supply!

[Spaceman_Spiff]

Total USD swap is $19.5 million, and less than $500k to 0.1%.  A lot of people pull their offer or people find better alternative?

Yes, buying cheap bitcoins  .

[oyvinds]

Total USD swap is $19.5 million, and less than $500k to 0.1%.  A lot of people pull their offer or people find better alternative?

Do not worry, never mind that. There are millions of idle USD sitting there just waiting for the rates to move up, just like there's a million USD sitting in people's accounts waiting for another price-drop which won't come - not that jonny short lately and his friend's aren't trying..

[gog1]

There seems to be a bot that takes the offer and immediately closes it (closing within 1 minutes).  Rather annoying.

[kb24mvp]

In terms of daily vs term swap:

Changing from daily to term shouldn't change what rates I had locked in right? I'm thinking it only changes the mechanism of payment (from me paying the interest daily to the interest being accumulated and the USD being used to pay my BTC swap cost borrowed from the swap market) but not the swap term

Is this correct?

Anyone? I changed my term to daily and somehow it closed my current swap that I had and re-opened a new one

I was under the impression it only changes how I pay for the interest and not my actual existing swap!?

Thought they hired a PR guy to help answer some Q's around here? This prob effects a lot of people so if anyone knows lmk

[noggin-scratcher]

In terms of daily vs term swap:

Changing from daily to term shouldn't change what rates I had locked in right? I'm thinking it only changes the mechanism of payment (from me paying the interest daily to the interest being accumulated and the USD being used to pay my BTC swap cost borrowed from the swap market) but not the swap term

Is this correct?

Anyone? I changed my term to daily and somehow it closed my current swap that I had and re-opened a new one

I was under the impression it only changes how I pay for the interest and not my actual existing swap!?

My understanding of it was that it should only change how you pay you swap fees, with 'Daily' taking the amount out of the collateral in your trading wallet each day, and 'Term' taking out a small amount of extra swap each day to cover the fee, which you then settle all of at the end of the swap duration. I don't know why that would have closed your existing swap before it was due to expire.

[kb24mvp]

In terms of daily vs term swap:

Changing from daily to term shouldn't change what rates I had locked in right? I'm thinking it only changes the mechanism of payment (from me paying the interest daily to the interest being accumulated and the USD being used to pay my BTC swap cost borrowed from the swap market) but not the swap term

Is this correct?

Anyone? I changed my term to daily and somehow it closed my current swap that I had and re-opened a new one

I was under the impression it only changes how I pay for the interest and not my actual existing swap!?

My understanding of it was that it should only change how you pay you swap fees, with 'Daily' taking the amount out of the collateral in your trading wallet each day, and 'Term' taking out a small amount of extra swap each day to cover the fee, which you then settle all of at the end of the swap duration. I don't know why that would have closed your existing swap before it was due to expire.

yes exactly, that was how I thought it was too I was almost certain but it shouldnt change what the actual swap was, just HOW its paid

and thanks for the reply noggin

Official answer from BFX would be good as I'm sure it may confuse a lot of traders if it actually changes what the swap is

[noggin-scratcher]

The announcements page (https://www.bitfinex.com/pages/announcements) has it spelled out pretty clearly - Ctrl+F for "Daily Settlement"

[freakbits]

How can I offer swaps at FRR via API? I know how to offer at non-frr, but I don't see a way to offer at frr?

[lg1500]

th1 dump begin 1 hour ago, now still chance to sell you th1 high

This is not margin selling with using swap, this is normal Exchange sell TH1, this mean big dump, i think 0.7 low