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Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
Helix
on 15/09/2014, 17:21:13 UTC
Maybe its slightly negative to Bitfinex from a systemic perspective, but I see these things as a net positive for the bitcoin economy in general. For awhile now it looked like mining was going to get too concentrated with a handful of big operators in China and Iceland. With exchanges getting into the game and allowing people to buy hashing power, we are getting decentralization again.
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Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
Helix
on 15/09/2014, 15:24:39 UTC
Wow... Bitfinex... You guys are by FAR the most innovative exchange out there...

Regarding the mining contracts,
First question that comes to mind, if its described as a depleting resource (which makes sense) ... And your allowed to short the contract... Isn't this a guaranteed winner???

What am I missing here???
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Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
Helix
on 24/04/2014, 23:35:12 UTC
Feature Request,

I'm wondering if the Bitfinex team would ever consider an "unclaim" function? What I mean by this is being flat and then "unclaiming" say 100 litecoins... The margin wallet would create a -100 litecoin position and simultaneously add 100 litecoins to the wallet... The scenario I'm thinking about here is if I want to move those 100 litecoins to another exchange but not be subject to any volatility while in transit... This can be done manually off course but requires two separate transactions now and thanks to the damm bots your gonna incure significant slippage... This would be my number one feature request, is such a thing in the pipeline???
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Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
Helix
on 14/04/2014, 04:49:39 UTC
Is the Bitfinex website being spoofed? I just tried to login but was unable to... It kept just asking for my two factor authentication over and over... I'm freaking out now... Bitfinex... Pls halt withdrawals...

I just don't understand they don't make e-mail confirmation mandetory for withdrawels.. locking withdrawel adresses helps though.

+1 for email confirmation...
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Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
Helix
on 14/04/2014, 04:30:13 UTC
Is the Bitfinex website being spoofed? I just tried to login but was unable to... It kept just asking for my two factor authentication over and over... I'm freaking out now... Bitfinex... Pls halt withdrawals...

I just don't understand they don't make e-mail confirmation mandetory for withdrawels.. locking withdrawel adresses helps though.

Quick question, is it possible to "lock down" an account... What I mean is lock all withdrawal methods so that even if someone gains access to your account they still can't get any cash... You can lock a bitcoin/litecoin withdrawal address, the wire transfer is tied to your name... The only chink in the armor seems to be egopay, I'm not too familiar with it, is it possible to remove it as an option or tie it down to my email address as well?
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Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
Helix
on 14/04/2014, 03:49:07 UTC
Is the Bitfinex website being spoofed? I just tried to login but was unable to... It kept just asking for my two factor authentication over and over... I'm freaking out now... Bitfinex... Pls halt withdrawals...

Nevermind... This heartbleed issue has me on edge...
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Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
Helix
on 14/04/2014, 03:25:00 UTC
Is the Bitfinex website being spoofed? I just tried to login but was unable to... It kept just asking for my two factor authentication over and over... I'm freaking out now... Bitfinex... Pls halt withdrawals...
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Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
Helix
on 04/04/2014, 23:29:36 UTC
Quick question regarding the claim button... Am I right in assuming that the fee 0.2% is the total fee? There is no other buying and selling fees, because the claim option is counted as one transaction?

Also, will there be a possibility in the future of a "partial" claim, basically matching whatever BTCs you have in your margin wallet to whatever BTCs your short?
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Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
Helix
on 06/02/2014, 23:55:57 UTC
Quote
Suggestion:

Write a note to yourself that goes like this:

"I'm here to make money, not Kiss A _ _"

I'm thinking that may come in handy in your case,

As someone said early,

"Grow a Pair"

Place the note in your pocket and read it whenever necessary !
Then "Rinse and Repeat" !
as necessary !

15 Posts, a Freaking "Fish",
yet he feels BOLD enough to make a statement like that,
I guarantee you I have more on account than your 0.5 btc,
Freaking Fish, exist out here in the world as well as in Prison !

Not only that, but you are trying to sell a Pre-Ordered Miner
that have no Proof of any previous Deliveries:

https://bitcointalk.org/index.php?topic=437991.msg4812653#msg4812653

You are aware that the reason "Con Game" is called Con Game, no ?
It's because they build up your CONfidence "First", then take your Money,
You've been SCAMMED ALREADY, don't think that your opinion will carry any weigh in this thread.
Sorry,
Pure Noob !

I'm well aware how con games work, and yes I pre-ordered with Alpha-t because I believed the risk/reward was worth it... (Incidently, I was able to get a refund on two of my machines from the company directly without incident, keeping the third)

Either way its a non issue here... Your simply an a$$hole and I'm not gonna waste anymore time with you...
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Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
Helix
on 06/02/2014, 22:46:51 UTC

so many newbies spitting nice words, most of them at their first message.....
after I ask for their username they all disappear like snow in the sun....
can you please PM your username to me so that I can check your position?

Thanks

Giancarlo
Bitfinex Team


Hey Chief (Giancarlo),

You can check my position on my last trade,
I held that trade open for like 19-Hours because
my P/L kept reading like $50+ dollars when I knew
that I was only like one point short from where I entered,
so I did not exit until the P/L appeared someone correct,
but still not right, meanwhile the Swap Interest shot up to like
$23 or $26 dollars on a 15 btc position, even when I exited the
P/L did not appear to be functioning correctly, I would be more
than happy with setting my balance back to whee it was before
the trade, something you might want to look into, and my handle
is my username, no need to pm.
was this a bug in the system ?, a credit would be great.

This was after I had cleared the fees point.

nothing happened to the Swap, apart for the fact that it went up a little bit due to some borrowing.
You basically closed a position where you had a profit of 23 dollars that was offset by a swap of 26 usd, landing you on a loss of 3 usd.
So what's your proposal here?
Shall we reimburse a quarter and call it a deal?

Sorry for being a little sarcastic, maybe I just had a bad day.
Or maybe it's just me.....

Have a good day

Giancarlo
Bitfinex Team


No Chief,

They were both negative,
The P/L and the Swap,
there was no profit.

And YES that was pretty ASSinine of you to make a remark like that,
I'll pull your coat-tail to something which is that is the reputation that
you are developing at TradingView.com, a reputation of being a ASS,

Now having said that I will share a Sales Story told to me by a former
Old Sales Trainer of mine that goes like this, "You can have the best
product or service in the world, but if your customer does not like you
then they are not going to buy anything from you, first and foremost
what you are selling is yourself" !

Not going to get too far being a complete ASS with your customers,
but hey, it's your Bar-B-Que, put whatever type of sauce on it you like.

It was not me that brought up your name at TradingView.com, someone
else actually referred to you as being a "Complete ASS" with your customers,
You're becoming "Infamous", I would serious suggest you hire someone to
handle your "Customer Service" and take a backseat yourself.

Apology, "Not Accepted",
You can't just say shit,
and think that apologizing makes it "O.k." !

Learned that after 8-Years in Prison,
Prison is all about Respect,
and when you falter in your Respect
you usually don't make it out of Prison "Alive" !

But don't get me wrong, had the C.I.S. "College Degrees"
Before going to Prison, was taught the Market by a
Certified Public Accountant in Prison that was doing 13-Years for moving
Money out of the USA.

As I tell everyone, Prison is just like College in the USA,
you can checkout Books from the Library that are
University Master's Level,
http://www.amazon.com/Financial-Markets-Institutions-Stock-Coupon/dp/0538482133
What else does one have to do in Prison with nothing but time on their hands besides read Master's Level TextBooks ?
There are guys in Prison / Millionaires that support their family via trading the market everyday.
Millionaires doing LIFE Sentences that were Pediatric Doctors out here in the world, still supporting their family via trading stocks.
It's just like college, just a "Dangerous College" !  


Don't think that you would last too long in Prison with that attitude of yours, just my opinion !

Dude... Calm down... If you hate it here so much... Then leave...

"Now having said that I will share a Sales Story told to me by a former
Old Sales Trainer of mine that goes like this, "You can have the best
product or service in the world, but if your customer does not like you
then they are not going to buy anything from you, first and foremost
what you are selling is yourself" !"

Typical salesman bs... If the product is heads and shoulders above the competition then frankly I don't give a damm what the guy selling me the product is like... (Even though in this particular case they are very friendly and helpful)...
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Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
Helix
on 06/02/2014, 18:12:40 UTC
Hello Giancarlo,

I sent you two PM's earlier today... Could you take a look at my issue when you've got a moment? Thank you...

done, sorry for the delay

Giancarlo
Bitfinex Team

Thank you... :-)
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Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
Helix
on 06/02/2014, 17:40:18 UTC
Hello Giancarlo,

I sent you two PM's earlier today... Could you take a look at my issue when you've got a moment? Thank you...
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Re: Selling one of my Alpha-T 25,000 kh/s Viper ASIC Scrypt miner
by
Helix
on 30/01/2014, 23:24:44 UTC
Why would they waste money on a storefront they do not need? The products are being designed else ware by a reputable company who has confirmed they are infact working on the project. Their production has been the most transparent rollout of a product yet.

My thoughts exactly...
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Re: Selling one of my Alpha-T 25,000 kh/s Viper ASIC Scrypt miner
by
Helix
on 29/01/2014, 18:55:16 UTC
what you fail to understand helix , is that most ppl here arent flaming because of you or what you say but becasue the mere product that alpha-t are marketing and claiming to be working on is  rumored to be nothing but a total scam and not really a work in progress , so assuming you are honestly selling a preorder you legitly made , you are actually most probably passing on a scam which was made against you to the next victim that will take it

I'm not taking anything personally here... And yes, Alpha-t *could* be a scam (I personally don't believe so since I put in my pre-order)... I guess what I'm saying here is, how is this situation fundamentally different from last year with the Bitcoin ASIC's??? It was all a leap of faith on the part of the early adopters... Those who took the risk early made out like bandits, those who waited for proof were stuck with obsolete gear...   
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Re: Selling one of my Alpha-T 25,000 kh/s Viper ASIC Scrypt miner
by
Helix
on 29/01/2014, 15:06:51 UTC
Start-up Hardware costs seem to be 40-60% and energy used is alot less with the Alpha Card.  Again production is sketchy because I saw one of the prototypes based on fpga technology.

If this is the real deal would be more efficient power-wise.  Hardware wise is a toss up because resale value of the components 6-9 months out are ALOT less than a mining rig with High end cards like R9 290 and nice PSUs.

The resale value I would argue is a real tossup... If you get any kind of drop in litecoin prices... A lot of people are gonna be trying to sell their gear and the market will be flooded...
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Re: Selling one of my Alpha-T 25,000 kh/s Viper ASIC Scrypt miner
by
Helix
on 29/01/2014, 14:50:44 UTC
So basically you are only selling a pre-order concept. Your description means nothing really as none of that has even been proven yet because there is no Alpha-T card or even a prototype.

Also your figures are off.

Could the real reason be cold feet ?

Basically yah, its a pre-order... The numbers are a bit off, but to my detriment... If you wanted 25 mh/s in GPU's you would spend much more then 30K...
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Topic OP
Selling one of my Alpha-T 25,000 kh/s Viper ASIC Scrypt miner
by
Helix
on 29/01/2014, 06:22:35 UTC
Hi

I am selling one of my Alpha-T 25,000 kh/s Viper ASIC Scrypt miner, the guys can mine Litecoin (LTC), Dogecoin (DOGE), Infinitecoin (IFC), Feathercoin (FTC), Worldcoin (WDC) and any other Scrypt-based crypto currencies.

These devices are a real powerhouses when it comes to scrypt hashing. To get the equivalent hashing power from AMD Radeon HD 7950's (the current gold standard in Litecoin mining, in terms of power per kilohash/sec) you would need to buy close to 50 cards. Currently the cheapest 7950 sells on newegg.ca for $400 plus shipping plus taxes so your looking at about $469.74 per card... (the recommended manufacture for these types of cards for these types of cards is SAPPHIRE, but their cards sell for close to $500 plus shipping plus taxes per card). Anyway, assuming the cheaper cards, $469.74 * 50 = $23,487 to get the equivalent hashing power from video cards. In addition you would need to buy RAM, motherboards, CPU's, HD's, Power Supplies and Cases to house all these computers... Your looking at, at least 30K basic setup cost plus the headache of designing cases and floor plans for proper heat dissipation and distribution. In addition you may have to call in an electrition (as was my case) to seriously upgrade your homes electrical system. Besides the initial setup cost you'll see SERIOUS savings on your monthly electrical bill, 200w * 50 = 10,000w versus 300w.

Currently the end of Q2 is Alpha-T's targeted release date. I purchased the unit the day the order books went live, so your getting a Batch 1 unit close to the beginning of the queue.

If you have any questions or concerns, I'll be happy answer them...

P.S. I'm selling one of these units only because I've got a bit of a cash crunch going on right now... Pm me if interested...
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Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
Helix
on 25/12/2013, 07:15:44 UTC
wouldn't it be fairer and and make more sense, to just link bfnx to btce?

this was discussed a lot in the past. It would totally make sense, but Bitfinex wants to operate in a clear legal framework, and they need a real collaboration with such a partner; as far as I understood this basically rules out BTC-e (or similarly bitcoin china or other "interesting" possibilities)

more people just need to start trading at BFX

And understand the opportunities and PITFALLS!!! of trading with leverage...
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Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
Helix
on 24/12/2013, 07:12:27 UTC
Don't think there is any default so far on insured or non-insured lending. The last time BTC crashed from 266 to 66 because of ddos attack on Mtgox, they pay out the default loan to the lenders  from their own pocket.

You mean bitfinex covered the losses for the lenders? Both the insured and uninsured???

The risk of default is actually pretty high right now, as people borrowing irrationally to buy coin. Anyone using max leverage will get wipe out with 25% price swing. And we see this kind of price movement every day for the last 2 weeks now.

So if I insured... would I be completely safe lending out my cash???

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Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
Helix
on 24/12/2013, 05:03:55 UTC
Hi, I am new user of Bitfinix. Do we have any statistic about default rate of non-insured lending? Thanks.

I would like to echo this... I've been with bitfinex for awhile now but this is the first time I'm thinking about using their Lending functionality. I'm interested in doing short term (2 day) loans. When I enable auto lending, it typically lends at the Flash Return Rate... I guess what I'm curious about is, what are my risks here? What are the chances of default? if I insure my loan, how much of a hit do I take and will I be insured for the total amount? The Lending aspect of bitfinex is still a bit of a black box to me, any help would be appreciated...