Re: [BETA]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
WOW.
Holding from a buy my position from $142 was just completely forced liquidated at $110, no notice/email/anything whatsoever and the required margin was nowhere near what I had available. I still had more than enough to cover in the account, I even still have .6 BTC after forced liquidation of entire position Then it in turn sold my BTC's @ 108. This is absolute insanity. Loans were to expire in about 1 month. I have high fortitude and would have kept holding. Just lost more than 2 Bitcoins because of this. Was so excited about Bitfinex since the error pages and other errors went away
This is SERIOUSLY not cool. Can I get any type of aid please?
Username: graphicimpulse
I'm pretty sure that's intentional, to help make sure you have coins left over and that the account is not in default once you're force liquidated. A last price of $110, as is evident by your example, does not mean your position can be closed at $110. Yours was closed at $108. If BFX waited to force-liquidate until there'd truly be nothing left (going solely by Last price), the slippage would cause a default, which either BFX or the lender, or the new third-party insurance provider (unsure if implemented now or not) would have to eat, assuming the leverage trader does not pay the default balance.Holding from a buy my position from $142 was just completely forced liquidated at $110, no notice/email/anything whatsoever and the required margin was nowhere near what I had available. I still had more than enough to cover in the account, I even still have .6 BTC after forced liquidation of entire position Then it in turn sold my BTC's @ 108. This is absolute insanity. Loans were to expire in about 1 month. I have high fortitude and would have kept holding. Just lost more than 2 Bitcoins because of this. Was so excited about Bitfinex since the error pages and other errors went away
This is SERIOUSLY not cool. Can I get any type of aid please?
Username: graphicimpulse
I'm not completely sure, and I don't use the leveraged trade options, so have no idea if that's explained somewhere or not. Fwiw.
ETA from FAQ:
"After you've logged in, you can immediately see your real-time account Net Value (total assets) and Maintenance (minimum net value). When your Net Value falls below twice the amount of Maintenance, we will issue a margin call."