Hmm, I wonder if these markets could possibly stay irrational for longer than I can stay solvent..

spend more time,
contemplating,
perils of greed

Would be interesting if all the major exchanges suddenly required verification for coin withdraws.

Could there have been some major hack attempt involving a bunch of accounts that they have now temporarily frozen?

I only have .25 BTC on there and no 2FA. They are displaying the coin withdraw form normally for me.

EDIT: Based in europe

So we have at least two users who cannot withdraw reporting that they received some spamscam e-mail supposedly from btcguild in the last few days. Could we be on to something?

Some people use a separate e-mail address for every account, would be nice to hear if anybody like this also received the btcguild spam.

I wonder how stamp knows which accounts received that e-mail, assuming that is the withdraw suspension trigger.

T&S still indicates billy likes fiat.

We need to hear from somebody who used an exclusive address for their bitstamp account (ie. one that they have not used on some other service), yet still received that spam, to know this for sure.

Sorry for not being clear, I was referring to an exclusive e-mail adress above. This would tell us if stamp leaked the e-mail addresses.

I guess i'm not the only one who worries about losing the phone and doesn't really know how to keep backups of the 2FA stuff properly.

Yeah well, silly me thought I had to upload my keys to google or some shit to have them stored away from the phone. I'll give it a new try, thanks!

What turned me off the google auth stuff at first was lots of people reporting that they had printscreened their OCR code and then they had their accounts emptied soon afterwards. This made the whole thing seem to tricky to use for the moment.

I guess there are maybe even alternative 2FA clients one can use? This is going off-topic so I'm off to do some research. Thanks to you two!

When and if they restore withdrawals it should trade 1:1, yes?

Omg, plz dont tell me builder was operating fractionally as well lol

otoh, you used purchasing power you were not supposed to have. a bit like spending money from your bank account that was mistakenly credited. you are responsible for your own trading.

Ah sorry, got the impression you lost on a position large enough to take you negative. Anyway, adding up the transaction log should bring some clarity, check with josh if your's is corrupted for some reason. I just checked my tx log on builder and it looks fine, I used the one from My Account -> Download full account history.

Hope you get it sorted.

sorry lol, if you mistakenly receive some money and spend them / lose them, you are still responsible for the loss. maybe bank will be unable to recover and have to eat it, but you cannot seriously be proposing that gambling away money credited in error is somebody elses reponsibility??

I guess it depends on the error, if the order were never entered on the account ofc the exchange should eat the loss. But if its a question of losing track of sizes and prices then its down to the trader i'd say. The tx log will tell all once it's been tallied.

Sounds messed up, tally up the logs any way you can asap. You need to know how builder arrives at their numbers.

its fake. also lol @ conversion rate per deposit date, if anything there will be a fixed recovery in USD per goxcoin at some lolrate

Can we safely assume by now that Billy was Marks favorit pet, let loose on the exchange trading infinite funds.

Now please tell me, how well would you trade with infinite funds? I sense a game concept taking shape

"Help Billy save the gox, eat the coins, shit the fiat, trade hard, much profit."

Stop losses do that when you place them at the same spot as everyone else. Try exploiting these stop cascades by strategically placed limit orders just beyond where all the stops are. That way you will enter with edge every time. When I started doing this I realized the stop cascade points where actually where the trends turn, you will mostly be on the right side doing this. And since you get in with edge, you can mostly scratch the other times.

It makes me feel a sucker, but i'm going heavily long here.

Its wasn't brave, it was an attempt at the easy way out.

Obviously a payback is a strong move, indicating character. A delaying cover-up while hoping for recovery and still taking in new money are all hallmarks of a coward out of his depth, or worse.

What do you know about their reasoning, information and timeframes? So far you are the only one proving yourself as such.

there is CNY trading on ripple, are they not able to get out this way?

China seems to have woken up in a good mood today

Start with tiny money and work yourself up, pretty much everyone is simply trading money for experience for quite some time.

There is supposedly some retail "HFT" bot that has gotten popular in China with the zero fee trading. Is there some info around on it and its algos?

You can borrow mine. You'll need to escrow appropriate security ofc.

Doesnt seem like anyone is willing

You make it sound so easy

Hard to see how they could have spent their time/money any better.

I had 4X available on only one of my accounts. This changed to 2.5x recently. Exactly how is the account max leverage decided now? Will it change unexpectedly again? Is there some official word on all these changes? Pre-announcement of all such changes (here + @bfx + optional e-mail) would be very good, especially when it comes to micro structure / engine patching and changes in the actual trading contract specification. These should be published several weeks in advance unless there is emergency requirements. Also, maybe you could push changes to some fixed weekly "maintenance window".

In the 4 months I've been with BFX there's been at least three major changes to their margin trading facilities, each time my first indication that something is up has been trades not closing or error reports piling up.

First they dropped the leverage, then they came for order entry flexibility (changed it to work more like a cash market) then they hit short duration traders with fee increases (this segment should already bring in significant fees, and contain most of the mm / statarb activity, which arguably provides quite a bit of value to BFX and its users. (any secret tobin supporters at the BFX offices ??

Due to my lousy scripting faculties/attention span I failed to notice something amiss until the losses had piled up. Turns out all my closing orders for the last 2 days were rejected due to unsufficient funds (opening was fine. go figure...). Before this I was attempting to exit by transacting -1.01 x current_position. The quick fix was to change this to 0.99X, microstep across zero and then opening up to full size.

While it was arguably on to me to fix proper reporting / cross-checking etc to start with, a simple e-mail detailing the execution logic changes would have gone a long way. I can only imagine how it would feel to someone with a more sizable account.

And to top it all off they then changed the swaps so short duration trades would cost a minimum of a full hour of interest. Changing interest calculation rate to 1/second (and/or) an option to disable auto-close of swaps would fix this.

The order entry issues could be improved on by using some liquidity-adjusted margining measure, as then you would need real money to effect real change.

Anyway, i heart BFX and trust them like i trust the stamp. I just want them to be even better (and plz give me my leverage back, i'm mostly hedged elsewhere anyway, free my bitcoins!)

EDIT: note to self, check which thread before posting next time. thought this was the bfx thread, oy well. good day to you all!

Doubtful the guy would not notice someone arbing his coins away

Yeah, this makes sense. But I don't see how he could rebalance the accounts by moving bitcoin. Fiat will accumulate where the coin price is higher, converting it back to bitcoin would erase the profit and bring the operation back to break-even, no?