Buying limit decreasing?

Ilka · February 16, 2018, 12:24pm

Hi, I opened my bisq account 26 days ago with a trading limit of 0,125 btc. I did some trades successfully but now my btc buying limit ist decreased to 0,0625 btc (SEPA). I have enough funds for security deposit etc… does anybody now why this happened ? I’m still new in the bitcoin world and would be happy for any help, thanks !!
Ilka

alexej996 · February 16, 2018, 1:48pm

Yesterday there was a finial adjustment to account age witness protocol.
If I understood the document correctly, your limit will revert back to 0.125 BTC when your account becomes 30 days old, so in 4 days.

github.com

bisq-network/proposals/blob/master/payment-account-age-witness.adoc

== Payment account age witness
:toc:

....
  Bisq-IP: 2
  Layer: Exchange
  Title: Payment account age witness
  Author: Manfred Karrer <mk@nucleo.io>
  Comments-Summary: No comments yet.
  Comments-URI: Bisq Forum thread [1]
  Status: Draft
  Created: 2017-09-14
  License: GPL Version 3
....

== Abstract

This proposal describes a protection mechanism against a fraud scheme in which a criminal has obtained illegal access of a bank account and tries to buy Bitcoin with the stolen funds. The victim of the stolen bank account will likely contact his bank once he discovers the fraud and initiate a bank chargeback. The Bitcoin seller would in such a case be at risk to lose the received payment in Fiat currency.

We *assume* that the criminal who has access to the bank account intends to take out the funds of that account as quickly as possible as well as that he intends to do that in a few large transactions because with each transaction the risk increases that the fraud gets discovered and the account gets frozen.

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Ilka · February 16, 2018, 2:57pm

ah, ok I see… so we will see in four days what will happen.
thanks alexej996 for the quick response!

ManfredKarrer · February 17, 2018, 4:49am

Yes I can confirm @alexej996 reply. Please read the doc to understand the reasoning behind that.