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Showing 2 of 2 results by uberfractal
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Board Exchanges
Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
by
uberfractal
on 16/03/2014, 23:54:15 UTC
Regarding this new "maker/taker" model, aren't those who provide the liquidity (i.e. those whose orders end up on the books) supposed to get a portion of the fee paid by those who take from the book?  This is the first time I've seen a "maker/taker" model described as both parties pay a fee with one just paying a lower fee.  This would seem to benefit Bitfinex a lot more than it would benefit traders, and I think it's going to end up creating a price divergence on this platform from other exchanges.   

A true maker/taker model (I think, and I'm no expert) should look like this:

Market makers receive 1/2 the fee paid by maker takers.
Market takers pay .3% fee (so Bitfinex receives .15%, and the market maker receives .15%).

This is how you "incentivize" being a market maker. 
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Board Service Announcements
Re: BitcoinWisdom.com - Live Bitcoin/LiteCoin Charts
by
uberfractal
on 10/03/2014, 22:33:40 UTC
This has been bugging me for quite a while, and I'm sure others would agree.

The scaling of the candles is skewed on Huobi (or any CNY chart for that matter).  You can see this by comparing a 1% candle on Huobi vs. a 1% candle on Bitstamp.  For whatever reason, Huobi's 1% candle will be much bigger than Bitstamp's 1% candle.  Meaning, when Huobi starts buying or selling, even using the same chart scales, it looks exaggerated.

Now before you go "No, you're seeing an illusion due to the fact that Huobi has a tighter spread and therefore it's typical candles are pretty small." -- this is what I thought for a while, too.  But go ahead and see for yourself.  The easiest way to do this is to scale out to a 1d chart, find a candle, note the % Amplitude, then find a candle of the same size on the other exchange (Huobi vs. any USD exchange), and you will see that they are quite different in terms of their %.

This should not happen.  I presume it's because of the way calculations are made against the CNY vs. USD, but it should not matter.  Fixed on a % and all other settings being equal, a candle should be the same size no matter what exchange or currency.