bitfinex

[arepo]

hello all, i have returned after some time away. it is nice to be back in the swing of things, though

anyway, i fired up the ol' bitfinex account and i noticed that they no longer offer 4:1 leverage -- the highest option is 2.5:1. anyone know the reason for this change, or when it occurred? does anyone know if there is a way to obtain more leverage on this platform?

also, general comments and criticism on bitfinex is welcome. anyone have any issues? anyone have no issues at all? any tips, caveats, or points of discussion?

thank you for your time.

--arepo

[1714625373]

1714625373

[yogi]

I think they reduced it because too many people were getting force liquidated. In this situation they ran the risk of having to cover any excess on the liquidation.

[TERA]

I still have 4:1 leverage. It's based on account balance. Has your account balanced dropped lately?

Edit: Actually I don't see it in the options anymore, but it's still what I currently have.

[accord01]

Its not even high volatility.

[Bitcoin BEAR]

I too, currently still have 4:1 leverage.
I know during the drop from $1242 they suspended margin for a day or two due to the volatility. So I suppose they raise and lower leverage on a whim to whatever suits their needs

[TERA]

I too, currently still have 4:1 leverage.
I know during the drop from $1242 they suspended margin for a day or two due to the volatility. So I suppose they raise and lower leverage on a whim to whatever suits their needs

That was funny they disabled margin trading when it was up in the 1000s, but had margin trading enabled during the entire drop from $800 to $455. I guess we can guage bitfinex's sentiment on bitcoin this way?

[arepo]

I still have 4:1 leverage. It's based on account balance.

is there anyone from bitfinex who frequents the forums? i would appreciate some explanation in this regard. you're probably right, and i wonder if the tiers are set, and if they are public information, or if they are really determined according to the whims of the staff or some algorithm?

--arepo

[mskryxz]

do any of you guys lend bitcoins out?

how is the return?

what can i expect if i lend out 10 bitcoins for 30days? it says .005% a day so that is 1.15% over 30days or

10btc --> 11.5 btc in 30 days at .005% per day correct?

[DigitalHermit]

do any of you guys lend bitcoins out?

how is the return?

what can i expect if i lend out 10 bitcoins for 30days? it says .005% a day so that is 1.15% over 30days or

10btc --> 11.5 btc in 30 days at .005% per day correct?

Your math is off by an order of magnitude:

10 BTC @.005% per day is:

1% = .01 so 0.005% = .00005

10 * .00005 = 0.0005 BTC per day * 30 = 0.015 BTC per month

But actually it will be slightly less due to fees 10% of interest (or 30% if you take the insurance option).