Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
Hello, i need help with orders. I deposited 0.2 btc and want to short with margin. I want to sell 0.2 btc with margin at market level 327 (i did that). 0.6 btc total. Then i want to put stop order at 351. And my target price to rebuy is 287 and take the profit. What orders and what type should i place?
You could
* select "limit" on "order type" next to "margin buy" and
* type in 287 as a price and fill in 0.6 BTC in order size and
* click OCO Order
* then type in 351 in "OCO Stop Price"
OR
* select limit in order type and 0.6 BTC order size and 287 as price, click margin buy then
* select stop in order type and 0.6 BTC order size and 351 as your price, click margin buy
OCO is Once Cancels Other which would place 2 orders and 1 of them gets canceled if the other is hit, see https://www.bitfinex.com/pages/support#oco
Good luck with your shorting in the hole.
Correct if you assume that the trading volume in dollar would fall as well. If the dollar volume was to remain constant it would not actually matter since the amount of traded btc would simply increase. My question was a bit deeper though. Is the well-being of Bitfinex directly correlated to the price of btc? Does bitfinex hold significant company funds in bitcoin etc. or is it independent from the trading value of bitcoin?
It used to be that they do not hold any BTC because their expenses are in USD. I have no idea if this has changed or not.
As for their well-being: More VOLUME is good for Bitfinex, less volume is bad for them. It really doesn't matter if the price is $10 or $1000.
Well that was easy
, thnx. 25% profit in 1 day