This is a mirror of the original BitMEX trollbox archive that used to be online here.
BitMEX disabled their archive after the DDOS attack so I have decided to make my mirror publicly available.

Well now, a few days after I made this mirror available to the public, the original archive from BitMEX is online again.
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[2015-05-26 12:04:14] BitMEX_Arthur : yeha man
[2015-05-26 12:04:52] BitMEX_Arthur : Hot off the press
[2015-05-26 12:04:53] BitMEX_Arthur : https://blog.bitmex.com/low-volatility-and-the-shanghai-composite-are-killing-bitcoin/
[2015-05-26 12:09:56] cengel : maybe Swiss national bank will start buying Bitcoin with their QE
[2015-05-26 12:10:09] cengel : since they're already buying stocks
[2015-05-26 12:10:12] BitMEX_Arthur : we can always dream
[2015-05-26 12:10:12] BitMEX_Arthur : lol
[2015-05-26 12:10:45] cengel : that Chinese bubble is really something else. every other day im reading about some insane multiples that do-nothing companies trade at
[2015-05-26 12:10:58] BitMEX_Arthur : yeah
[2015-05-26 12:11:05] cengel : its hard to believe it can just continue on. the chinese seem to defy the laws of economics
[2015-05-26 12:11:07] BitMEX_Arthur : some company changed its name to P2P something
[2015-05-26 12:11:11] BitMEX_Arthur : stock goes gangbusters
[2015-05-26 12:12:30] cengel : maybe Chinese are immune to financial crisis
[2015-05-26 12:12:44] BitMEX_Arthur : the PBOC has a long way to cut
[2015-05-26 12:13:08] BitMEX_Arthur : plus the only thing they can invest in is real estate (that's tanking now) or Chinese and HK equities
[2015-05-26 12:13:20] BitMEX_Arthur : you get negative real interest rates at the ank
[2015-05-26 12:13:21] BitMEX_Arthur : bank
[2015-05-26 12:13:30] BitMEX_Arthur : so it's the only way to invest your capital
[2015-05-26 12:14:16] cengel : but isnt their inflation really low? so their 6-7% nominal return at bank does carry weigh
[2015-05-26 12:14:32] BitMEX_Arthur : i wouldn't trust official numbers
[2015-05-26 12:14:39] cengel : oh ok
[2015-05-26 12:14:44] cengel : they dont have private firms doing estimates too ?
[2015-05-26 12:14:55] BitMEX_Arthur : if nominal gdp grows at 10% and u only get 5-6%
[2015-05-26 12:14:58] cengel : ur the CHina guy so I trust you on this i am very ignorant on it
[2015-05-26 12:14:59] BitMEX_Arthur : you are 4% poorer
[2015-05-26 12:15:31] BitMEX_Arthur : and the beneficiary are heaving industry who borrow at below nominal gdp interest rates at the expense of the household sector
[2015-05-26 12:15:52] cengel : yep, always two sides to the coin
[2015-05-26 12:16:48] cengel : so we need Chinse market crash so they get hungry for yield at buy BTC ?
[2015-05-26 12:16:50] cengel : :)
[2015-05-26 12:17:03] BitMEX_Arthur : or the market to stop going up
[2015-05-26 12:17:07] BitMEX_Arthur : and get boring again
[2015-05-26 12:17:09] BitMEX_Arthur : im
[2015-05-26 12:17:14] BitMEX_Arthur : imo
[2015-05-26 12:17:21] cengel : then the stock traders become bitcoin tradres and bitcoin traders stop doing stokc/forex trading
[2015-05-26 12:22:16] BitMEX_Arthur : hopefully :)
[2015-05-26 13:16:25] cengel : arthur i noticed you say the shanghai but also s&p is in multi-year meltup. you think the top is in on ES ?
[2015-05-26 13:17:10] BitMEX_Arthur : I think the fed will try and do a rate raise
[2015-05-26 13:17:16] BitMEX_Arthur : market tanks and they will go back to qe
[2015-05-26 13:17:25] BitMEX_Arthur : so there might be a 20-30% correction
[2015-05-26 13:17:34] BitMEX_Arthur : then sky is the limit until ultimate collapse
[2015-05-26 13:18:17] cengel : the jobs claims from last week is gonna light a fire under them
[2015-05-26 13:18:28] cengel : june wont be a hike but maybe we get a summer increase
[2015-05-26 13:19:59] cengel : it's a weird time. almost everyone acknowledges we are in a bubble
[2015-05-26 13:31:02] uiop : speak of the devil http://i.imgur.com/82uWhlv.png
[2015-05-26 13:39:12] goat : oil getting crushed, should have left my short open overnight
[2015-05-26 13:40:53] BitMEX_Arthur : some econ numbers out?
[2015-05-26 13:41:47] uiop : usd on a tear
[2015-05-26 13:41:50] uiop : jpy delisted
[2015-05-26 13:42:19] uiop : durable goods orders gave usd some love
[2015-05-26 13:48:13] STRML : interesting times for forex
[2015-05-26 13:49:53] cengel : ES dumping on new york open
[2015-05-26 13:53:32] goat : STRML: trading fx these days has been great when btc is flat
[2015-05-26 13:54:40] STRML : Yeah, I've seen most of whaleclub move over to forex while vol is at historic lows in bitcoin
[2015-05-26 13:54:50] STRML : BVOL24H hit a 6mo low a few days ago
[2015-05-26 13:55:25] STRML : Seems like all people are talking about is trading forex with btc on 1broker
[2015-05-26 13:56:01] cengel : i went by that teamspeak, not my crowd though
[2015-05-26 13:56:23] uiop : cengel: cell it all
[2015-05-26 13:56:43] STRML : Sometimes when they're actually talking bitcoin it's pretty interesting. A lot of watercooler talk there though which is fun if you're bored
[2015-05-26 13:57:23] cengel : maybe im just an old fogey
[2015-05-26 13:57:39] cengel : yea its crazy how we keep breaking lows on BVOL24H
[2015-05-26 13:57:45] cengel : historical data completely useless trading that thing lately
[2015-05-26 13:58:09] STRML : it's settling so low that it seems longing is a good bet
[2015-05-26 13:58:14] STRML : I mean, how much more flat can we get
[2015-05-26 13:58:29] cengel : volatility comes in clusters. we could sit around this low 1's printing for a while
[2015-05-26 13:58:40] cengel : until then its a lottery ticket
[2015-05-26 13:58:52] STRML : yeah. not unlike the rest of bitcoin trading anyway
[2015-05-26 13:59:01] STRML : no more risky than 20x on the woodchipper
[2015-05-26 13:59:50] cengel : sure ofc i have bought plenty of the tickets :)
[2015-05-26 14:00:41] cengel : with my fancy Excel order panel lmfao
[2015-05-26 14:01:59] STRML : I think that's awesome that you're making that
[2015-05-26 14:02:31] cengel : it's fully functional ! placement, deleting, and viewing orders/position lol
[2015-05-26 14:02:48] cengel : just looks ridiculous and is pointless to use instead of the web UI
[2015-05-26 14:03:21] cengel : but got a few ideas of directions to go with it from here
[2015-05-26 14:05:06] cengel : you'll know it's me, im the gangsta with the IE7 UA !
[2015-05-26 14:05:34] STRML : Easy to find in the logs
[2015-05-26 14:17:19] BitMEX_Wally : cengel: `{"symbol.state":["Open","Closed","Suspended","Expired"]}` works as a filter on `/position` now
[2015-05-26 14:19:44] BitMEX_Wally : An instrument goes `Expired` then `Cleared` (currentQty=0) then `Settled` (archived)
[2015-05-26 14:20:50] cengel : still not filtering on /position when i use that in API explorer
[2015-05-26 14:23:19] BitMEX_Wally : cengel: What symbol is it returning that it shouldn't?
[2015-05-26 14:23:52] cengel : its returning symbols with currentQty = 0
[2015-05-26 14:24:20] cengel : <code>XBTK15</code>
[2015-05-26 14:24:22] BitMEX_Wally : Those symbols are still open, and you have realisedPnl on them
[2015-05-26 14:25:02] cengel : yea but i mean open positions as it shows in orderpanel
[2015-05-26 14:25:21] cengel : where currentQty = 0, i want to filter those out
[2015-05-26 14:27:10] cengel : by what criteria for example is the web UI separating Expired and Open
[2015-05-26 14:27:22] BitMEX_Wally : My apologies
[2015-05-26 14:27:33] BitMEX_Wally : The UI is using currentQty=0 for `Expired Positions`
[2015-05-26 14:27:42] BitMEX_Wally : Even if the instruments haven't expired
[2015-05-26 14:27:51] cengel : yea but i can't filter that out in jquery still right
[2015-05-26 14:28:26] BitMEX_Wally : Not yet, but I might just add a boolean column `open` to the position table
[2015-05-26 14:28:29] BitMEX_Wally : Make it easy for people
[2015-05-26 14:29:25] cengel : that would be cooler and easier so don't have to fiddle with parsing it on client end
[2015-05-26 14:29:39] cengel : one less point of possibility for error in own code
[2015-05-26 14:30:37] goat : http://www.reddit.com/r/BitcoinMarkets/comments/37blpl/low_volatility_and_the_shanghai_composite_are/crlar1d
[2015-05-26 14:30:39] goat : :D
[2015-05-26 14:30:56] cengel : oh ill go hook up some upvote
[2015-05-26 14:31:33] BitMEX_Sam : Nice.
[2015-05-26 14:31:36] BitMEX_Sam : Reception on that thread has been good
[2015-05-26 14:42:48] goat : you guys will probably have a lot more traders soon :D
[2015-05-26 14:43:21] BitMEX_Sam : Hope so. Once vol pumps up I think we'll see a lot more action
[2015-05-26 15:00:09] BitMEX_Wally : cengel: You can now do `{"isOpen": true}` on `/position/
[2015-05-26 15:01:15] cengel : perfecto ty
[2015-05-26 15:01:51] cengel : so Wally are you a basically a hybrid of Arthur where you bring the tech and the finance together ?
[2015-05-26 15:01:57] cengel : Arthur and Sam *
[2015-05-26 15:04:04] BitMEX_Wally : cengel: Basically yes
[2015-05-26 15:05:30] BitMEX_Sam : Yep, the team jives really well
[2015-05-26 15:05:44] BitMEX_Sam : Arthur is finance, I'm tech, and Wally is finance tech
[2015-05-26 15:05:59] BitMEX_Wally : :)
[2015-05-27 04:30:06] Murch : LTC acting very jumpy. I hope that means BTC is about to break out of this sideways. ;D
[2015-05-27 04:33:59] BitMEX_Wally : Murch: Would you be interested in LTC futures?
[2015-05-27 04:34:29] Murch : BitMEX_Wally: Yep, for sure. It's about to get really crazy on LTC in the coming weeks imo.
[2015-05-27 04:34:31] BitMEX_Wally : Litecoin futures quoted in Bitcoin and cash settled in Bitcoin?
[2015-05-27 04:34:55] Murch : BitMEX_Wally: Either way would work for me. :)
[2015-05-27 04:35:08] BitMEX_Wally : Or Litecoin quoted in USD but with a fixed XBT amount per cent?
[2015-05-27 04:35:35] Murch : But I'd prefer quoted in USD.
[2015-05-27 04:36:18] Murch : There we go, BTC starting to rouse.
[2015-05-27 04:37:25] BitMEX_Wally : If it was quoted in USD and quanto'ed into XBT for settlement then it would be purely speculative
[2015-05-27 04:38:18] Murch : I think that would be nice though since it's so volatile. But you're right.
[2015-05-27 04:47:02] Murch : BitMEX_Wally: Oh I had a question. If a liquidation occurs, do you automatically lose your entire balance? Or are you left with what's remaining after the liquidation?
[2015-05-27 05:08:42] BitMEX_Arthur : We liquidate only a small amount to bring your account equity back above maintenance margin
[2015-05-27 05:16:04] Murch : Ah okay that makes sense, thanks!
[2015-05-27 07:45:03] cengel : and if it doesnt cover they send repo man to take ur TV
[2015-05-27 08:30:13] cengel : and your rug, Lebowski style
[2015-05-27 08:33:14] uiop : just dont be taking a bath when they come
[2015-05-27 17:15:53] Kiran : https://github.com/trezor/connect Will you ever integrate this?
[2015-05-27 17:46:53] BitMEX_Sam : Kiran: Was thinking about it, if we do integrate something it will likely be BitID
[2015-05-27 17:47:18] BitMEX_Sam : I don't like the proprietary nature of Trezor Connect but if there's enough demand for it, I don't see why not
[2015-05-27 18:59:49] cengel : Sam - if you thought Excel was an experiment. Now I've put together a functioning mIRC script communicating successfully with API ;)
[2015-05-27 19:00:51] cengel : wonder what UA it's sending (on testnet)
[2015-05-27 19:01:00] cengel : ooh ill check fiddler
[2015-05-27 19:37:48] cengel : on the odd chance someone ants to interact with bitmex API from mIRC, this will help you: http://pastebin.com/KL58QFw0
[2015-05-27 19:46:28] BitMEX_Sam : You're silly
[2015-05-27 19:46:30] BitMEX_Sam : This is silly
[2015-05-27 19:46:32] BitMEX_Sam : Thanks
[2015-05-27 19:47:44] cengel : :)
[2015-05-27 19:57:45] cengel : "most esoteric +; API connector award"
[2015-05-27 19:57:51] cengel : I take this with great honour!
[2015-05-27 19:59:19] BitMEX_Sam : Hah
[2015-05-27 19:59:26] BitMEX_Sam : I mean, seriously, mIRC?
[2015-05-27 19:59:31] BitMEX_Sam : I love it though
[2015-05-27 20:06:57] cengel : I'll clean up and post some of the Excel code that would be more likely to help others
[2015-05-27 20:07:33] cengel : you dont have an API connector VBA code up yet do you ?
[2015-05-27 20:17:41] cengel : or maybe it's trivial at least after having the hmac part done
[2015-05-27 20:21:16] BitMEX_Sam : Nope, nothing for VBA.
[2015-05-27 20:21:50] BitMEX_Sam : I don't see any swagger generator for it either. Not very popular unfortunately
[2015-05-27 20:31:57] cengel : ill post in a min basic example
[2015-05-27 20:52:23] cengel : http://pastebin.com/41n72MRH
[2015-05-27 20:52:45] cengel : example using BitMex API for placing order in Excel(VBA)
[2015-05-27 20:58:20] BitMEX_Sam : Nice. Thanks. Ok to publish?
[2015-05-27 20:58:34] BitMEX_Sam : Going to try it out first though
[2015-05-27 20:58:46] cengel : yea ofc
[2015-05-27 20:59:32] cengel : just remember to import the JsonConverter.bas
[2015-05-27 21:00:02] BitMEX_Sam : Great. Thanks @cengel
[2015-05-27 21:00:03] cengel : and to copy the hexhash code from the other vbs :P
[2015-05-27 21:00:36] cengel : yea actually i should test on my other machine where i dont have so much shit preloaded
[2015-05-27 21:00:58] BitMEX_Sam : Cool. I'll just put them all in the folder together
[2015-05-27 21:34:12] cengel : cpl comments to add actually
[2015-05-27 21:34:56] cengel : for JSONConverter to work, you need to do Tools -> references -> and check "Microsoft Scripting Runtime" and "Microsot VBScriipt Regex 5.5"
[2015-05-27 21:35:14] cengel : which aren't checked by default on a clean VB
[2015-05-27 21:35:18] cengel : A
[2015-05-27 21:59:17] cengel : http://pastebin.com/7HKDgfhD
[2015-05-27 21:59:18] cengel : okay updated now
[2015-05-27 21:59:36] cengel : tested fresh on machine and put what is required
[2015-05-27 22:01:42] cengel : also had to add something else to the code because i had used GET with postdata = "" so excluded before, now it's all working fresh though
[2015-05-27 22:08:07] cengel : only the obvious that you need to enable macros and stuff but that's given
[2015-05-27 22:12:36] cengel : ive been making a prettier setup that organizes position s and orders and stuff, has a long way to go though
[2015-05-27 22:14:12] cengel : so far though its just a funny way of rearranging the web UI :P
[2015-05-27 22:35:35] cengel : BitMEX_Sam: http://pastebin.com/BpkdCbvk
[2015-05-27 22:35:45] cengel : okay this is final one i add proper comments at top instructions
[2015-05-27 22:35:54] cengel : and better error check ifo rder gets rejected
[2015-05-27 22:35:59] BitMEX_Sam : Cool. Thanks
[2015-05-27 22:36:01] cengel : so its not overly sloppy
[2015-05-28 00:02:09] cengel : BitMEX_Sam: line 48 needs to have httpObject.Send (postdata)
[2015-05-28 00:02:12] cengel : unless you got it working without it
[2015-05-28 00:02:59] cengel : i got signature errors when i did without (bc copied from GET where postdata="")
[2015-05-28 00:07:55] BitMEX_Sam : cengel: Thanks, copy/paste error
[2015-05-28 04:24:30] Murch : Next attempt upward? I hope this one is more successful than the last.
[2015-05-28 04:24:48] BitMEX_Arthur : well i guess we shall see
[2015-05-28 04:24:59] Murch : Indeed.
[2015-05-28 04:25:16] BitMEX_Arthur : In the meantime buy some `BVOL7D`
[2015-05-28 04:26:22] Murch : Mmm soon.
[2015-05-28 04:26:55] Murch : Settles on Friday with the rest, right?
[2015-05-28 04:32:32] Murch : I wonder if anyone has invented volatility for volatility on any instruments, hahah.
[2015-05-28 06:18:13] BitMEX_Arthur : haha
[2015-05-28 06:18:17] BitMEX_Arthur : yes it settles on friday
[2015-05-28 06:18:19] BitMEX_Arthur : at 12:00 gmt
[2015-05-28 07:48:01] cengel : vol bears triumphing yet again
[2015-05-28 07:48:17] BitMEX_Arthur : yep
[2015-05-28 08:14:33] BitMEX_Arthur : getting a little price actionhere
[2015-05-28 08:50:26] chrisxbt : they have that in traditional markets
[2015-05-28 08:50:30] chrisxbt : VIX options and futures
[2015-05-28 08:50:57] BitMEX_Arthur : yes they do, options on BVOL would be fun
[2015-05-28 08:50:58] chrisxbt : Well VIX options what you're talking about
[2015-05-28 08:51:05] BitMEX_Arthur : need to get BVOL more liquid first
[2015-05-28 08:52:06] chrisxbt : well it would be settlement based and european options
[2015-05-28 08:52:35] BitMEX_Arthur : american options only make sense for dividend stocks
[2015-05-28 11:40:17] BitMEX_Arthur : Hot off the press
[2015-05-28 11:40:17] BitMEX_Arthur : https://blog.bitmex.com/grexit-might-not-be-the-saviour-of-bitcoin/
[2015-05-28 11:51:53] goat : nice, taking a look
[2015-05-28 11:53:11] goat : haha good read
[2015-05-28 11:53:21] goat : and good bringing up that the 2013 bubble wasnt caused by cyprus
[2015-05-28 11:53:25] goat : it annoys me when people say that
[2015-05-28 11:55:22] goat : the only greeks that would buy btc anyway are rich ones
[2015-05-28 11:55:33] goat : most greeks are in a terrible place financially
[2015-05-28 11:55:39] goat : they care more about food than bitcoin
[2015-05-28 11:55:51] goat : if you ate your private key you would be fucked
[2015-05-28 11:56:02] goat : hahahahahaha nice word filter
[2015-05-28 12:01:38] cengel : i was in Athens last year. i wouldn't overstate the situation there. yes they are in crisis, but they are a rich country still by any secular standards
[2015-05-28 12:08:20] goat : well regardless, i agree with arthur and dont necessarily see a greek thing causing a btc bubble unless its 99.9999% psychological
[2015-05-28 12:10:10] cengel : nor do I
[2015-05-28 12:10:50] cengel : Cyprus was the dry-run, Greece is the main event
[2015-05-28 12:11:34] cengel : i think the Greek people are smart enough to know what the IMF is doing, but they still love the euro as a currency.
[2015-05-28 12:11:57] cengel : thats why Varoufakis wanted to keep it between EC/ECB and leave IMF out
[2015-05-28 12:13:06] cengel : i think the one thing the financial elites hate more than anything is a leftist who actually understands economics. this is what Varoufakis represents and why Schäuble,Djusselbaum et al tried to push him out so early
[2015-05-28 18:06:01] cengel : another day we print below 1 on <code>BVOL24H</code> ?
[2015-05-28 18:09:13] Rizky : any margin experts in the house?
[2015-05-28 18:14:15] BitMEX_Sam : What's up Rizky?
[2015-05-28 18:22:09] Rizky : got myself a bit confused on margining for XBU
[2015-05-28 18:22:31] Rizky : maintenance is 20% of the contract notional?
[2015-05-28 18:24:46] BitMEX_Sam : Yep, XBU contracts are 20%
[2015-05-28 20:56:39] SnackyCoins : hey guys is there a way to chart the intraday settlement price of bvol24&7? is that that indicator burrmarket coded up that one day?
[2015-05-28 21:01:09] cengel : @SnackyCoins you can fetch the snaps from the start time and compute it for each period and chart it
[2015-05-28 21:02:02] SnackyCoins : thanks :) should be simple enough to put in pine
[2015-05-28 21:07:06] cengel : you're talking about from start of contract not rolling 24 HR right ?
[2015-05-28 21:15:30] cengel : because that tradingview script is fine for the 24hr rolling
[2015-05-28 21:15:39] cengel : fine enough i guess
[2015-05-28 21:16:08] cengel : SnackyCoins: but if youre charting the settlement price from contract start, it can look weird in the beginning, and not be incredibly useful because of how sensitive it is in the start
[2015-05-28 22:04:10] BitMEX_Sam : yeah, they're both not very useful in the beginning hours unless you're trying to spot a trend, which is not exactly easy with vol
[2015-05-28 22:23:28] SnackyCoins : i can spot compression in the price action, i was mostly just trying to get an idea of just how compression translated into the settlement prices. to get an idea of "this flat = this price"
[2015-05-28 22:23:48] SnackyCoins : but kinda visually
[2015-05-28 22:30:03] BitMEX_Sam : Sure. The best way to do it is to play with the prices in the spreadsheet yourself to get a feel for it
[2015-05-28 22:31:18] BitMEX_Sam : See also https://docs.google.com/spreadsheets/d/1Wc8XdMZZ9BR_0Vru8Sj1nu0Cc1tHsGvEqGSdMkCB2vo/edit#gid=830587621 if you haven't
[2015-05-28 22:33:48] BitMEX_Sam : Just for clarity:
[2015-05-28 22:33:55] BitMEX_Sam : .BVOL24H is a rolling 24-hr measure of volatility
[2015-05-28 22:34:20] BitMEX_Sam : BVOL24H (the contract) settles on it at 12 GMT. But the indicative settlement price as displayed on the site behaves slightly differently
[2015-05-28 22:34:47] BitMEX_Sam : It is rolling from 12:00 to 18:00 GMT (last 6 hrs, for stability), then it is based only on the data for that day
[2015-05-28 22:37:42] Murch : I'm a little confused about your last statement. Wouldn't the six hours preceding settlement be 6:00 to 12:00?
[2015-05-28 22:38:06] Murch : Oh nvm, I get what you're saying now.
[2015-05-28 22:38:18] Murch : After six hours has passed, 6 hours and counting of data is used.
[2015-05-28 22:38:24] BitMEX_Sam : Murch: Yeah.
[2015-05-28 22:39:21] BitMEX_Sam : There's never less than 6hrs of data in the indicative settlement.
[2015-05-28 22:42:26] Murch : So how does that work for 7DVOL?
[2015-05-28 22:42:39] Murch : Wait until a day has passed or something?
[2015-05-28 22:43:34] BitMEX_Sam : Let me check with Wally on that, he wrote the logic
[2015-05-28 22:44:24] BitMEX_Sam : Yes it looks like 1 day.
[2015-05-28 22:44:34] Murch : Ah cool thanks.
[2015-05-28 22:47:59] Murch : BTC is gonna kill me by boredom...
[2015-05-28 22:48:14] BitMEX_Sam : Yeah, IMO vol is the only entertaining thing to trade right now
[2015-05-28 22:48:38] Murch : And even that is untradable if it never changes. =_=
[2015-05-28 22:48:48] BitMEX_Sam : True.
[2015-05-28 22:48:59] BitMEX_Sam : Spreads could be better, we're working on MM relationships for it but it's a new product for everyone
[2015-05-28 22:49:19] Murch : That's good, I can't wait for more liquidity.
[2015-05-28 22:49:31] BitMEX_Sam : If you or anyone you know is interested in quoting a spread on any of the BVOL products shoot us an email, we offer competitive fees for MMs
[2015-05-28 22:49:56] Murch : I will say though, this is the sexiest BTC exchange I've seen so far.
[2015-05-28 22:50:02] BitMEX_Sam : :) Glad you like it
[2015-05-28 22:50:09] Murch : :)
[2015-05-28 22:50:31] BitMEX_Sam : I put a lot of hours into this UI... I basically live in it
[2015-05-28 22:50:44] BitMEX_Sam : More to come soon
[2015-05-28 22:50:48] Murch : Keep it up!
[2015-05-28 22:51:02] BitMEX_Sam : :) Thanks -
[2015-05-28 22:51:09] BitMEX_Sam : I have to run, BTC meetup here in Milwaukee
[2015-05-28 22:51:10] Murch : I have no experience in MMing, nor the capital atm.
[2015-05-28 22:51:23] BitMEX_Sam : If you need anything urgent (or anyone else lurking) just shoot us an email, support@bitmex.com
[2015-05-28 22:51:29] BitMEX_Sam : The guys in HK will be waking up any minute now
[2015-05-28 22:51:31] Murch : Aight man enjoy.
[2015-05-28 22:51:59] BitMEX_Sam : You too
[2015-05-28 22:55:11] BitMEX_Arthur : Morning
[2015-05-28 23:12:16] goat : hola
[2015-05-28 23:12:43] BitMEX_Arthur : eerily quiet
[2015-05-28 23:13:33] goat : i know, i have to do a summary of todays okc events after i cook
[2015-05-28 23:13:37] goat : which im about to do in a few
[2015-05-28 23:13:53] goat : just cracked open a beer though, this is probably the best american ipa i have had in a while - http://stillwater-artisanal.com/stereo.html
[2015-05-28 23:14:14] BitMEX_Arthur : please do because i'm not reading it
[2015-05-28 23:14:19] goat : hahahaha
[2015-05-28 23:14:26] goat : i spent like 2 hrs going through everything before
[2015-05-28 23:14:41] BitMEX_Arthur : Jack Liu the head of okc international is on a crusade on a wechat group with a bunchof china guys on it
[2015-05-28 23:14:57] goat : lol they are so redic
[2015-05-28 23:14:59] BitMEX_Arthur : makes no sense the amount of effort and money they are spending to prove who forged some irrelevant contract
[2015-05-28 23:15:03] Murch : Did OKC do something else outrageous?
[2015-05-28 23:15:11] goat : yeah, i will have a summary in a few hours
[2015-05-28 23:15:34] goat : basically they paid some guy the reward but he didn't really prove much at all.. they are making it look like he did so that the situation will go away
[2015-05-28 23:15:46] Murch : Looool
[2015-05-28 23:15:47] BitMEX_Arthur : oh they paid him
[2015-05-28 23:15:54] goat : they paid the bounty
[2015-05-28 23:16:00] goat : and are blaming it on cz
[2015-05-28 23:16:04] Murch : Probably their own guy.
[2015-05-28 23:16:05] goat : saying he forged it, not star
[2015-05-28 23:16:27] goat : it sounds like, i have to look through everything 1 more time before i do a write up
[2015-05-28 23:16:37] goat : there are a million links in the pdf
[2015-05-28 23:16:46] BitMEX_Arthur : haha
[2015-05-28 23:16:53] BitMEX_Arthur : and cz says they owe him 40k usd
[2015-05-28 23:17:09] goat : http://okbounty.adversary.org/OKCoinPDFanalysis.pdf
[2015-05-28 23:17:24] Murch : who is cz?
[2015-05-28 23:17:27] goat : the old cto
[2015-05-28 23:17:33] Murch : Ah okay
[2015-05-28 23:17:47] goat : thats the pdf, theres a million links in it.. i read them all before but want to read through everything again so i make sure i have all the facts straight
[2015-05-28 23:18:14] goat : ok i have to cook, be back in a bit
[2015-05-28 23:18:23] Murch : Cya
[2015-05-29 07:38:54] cengel : BitMEX_Sam: weird the emails i got from you were in my Junk folder. Don't know if it's my end or yours tripping the filter
[2015-05-29 07:42:55] cengel : The filter does not like the bitmex mail domain @bitmex.mail.intercom.io
[2015-05-29 10:38:11] BitMEX_Sam : Thanks cengel, they have a maze of options to get it to send from your own domain
[2015-05-29 10:38:13] BitMEX_Sam : Fixed it
[2015-05-29 11:56:39] BitMEX_Sam : 4 minutes from our lowest BVOL24H settlement ever
[2015-05-29 11:56:49] BitMEX_Sam : And the lowest index value since we began recording it
[2015-05-29 12:02:28] cengel : what is BVOL7D marking to for indicative ?
[2015-05-29 12:02:29] cengel : in this period ?
[2015-05-29 12:02:43] cengel : (i.e., when contract just starts)
[2015-05-29 12:02:45] BitMEX_Sam : It's rolling 24H for the first 24H
[2015-05-29 12:02:56] BitMEX_Sam : then the full week as it progresses up to 7D
[2015-05-29 12:03:25] BitMEX_Sam : so right now it's very low because the last day is a historic low
[2015-05-29 12:03:58] cengel : this shit is going to be dead for weeks
[2015-05-29 12:04:02] cengel : no more volatility ever for bitcoin :(
[2015-05-29 12:05:09] BitMEX_Sam : Nowhere to go but up
[2015-05-29 12:05:19] BitMEX_Sam : at least, in terms of vol
[2015-05-29 12:05:35] cengel : yea that's what i thought at 1.3 too
[2015-05-29 12:05:42] cengel : never thought we'd break below 1 but... here we are
[2015-05-29 12:05:59] cengel : (for second time lol)
[2015-05-29 12:10:18] cengel : but nevertheless, i have faith in mean reversion.
[2015-05-29 12:13:26] cengel : grown-up bitcoin is boring
[2015-05-29 12:14:53] BitMEX_Sam : like everyone's been saying, it's good for it as a currency
[2015-05-29 12:14:58] BitMEX_Sam : But it certainly isn't good for trading
[2015-05-29 12:16:03] BitMEX_Sam : cengel: So are you using that irc script for anything or was that just for kicks
[2015-05-29 12:17:17] cengel : it was for kicks. i felt bad at how silly it was thats why i threw in the Excel stuff after :P
[2015-05-29 12:18:25] cengel : i used to be on IRC a lot more before, lately not as much. so i would develop scripts before to just easily display certain things because i was too lazy to tab out
[2015-05-29 12:18:40] BitMEX_Sam : Nice, that's a good skill
[2015-05-29 12:18:42] cengel : but when ive got 5 screens around me there's no real excuse for that
[2015-05-29 12:18:56] BitMEX_Sam : Ah, you built yourself a trading battlestation
[2015-05-29 12:19:43] cengel : my whole apartment is a mancave battlestation. perks of being bachelor
[2015-05-29 12:20:44] cengel : but when i graduated and worked in finance i got used to the 3 screens and almost immediately adopted the setup at home
[2015-05-29 12:20:58] BitMEX_Sam : Yeah I used to have one too, wall mounts and all
[2015-05-29 12:21:09] BitMEX_Sam : When I started traveling I just got a 15" laptop and got used to tabbing a lot
[2015-05-29 12:21:16] BitMEX_Arthur : i hate it
[2015-05-29 12:21:28] BitMEX_Arthur : i lost my battlestation
[2015-05-29 12:21:43] BitMEX_Arthur : will recreate once i'm not moving around so much
[2015-05-29 12:21:51] cengel : i do PC 3 screens + 2 laptops either side
[2015-05-29 12:21:52] BitMEX_Arthur : i had 8 screens at work
[2015-05-29 12:22:04] BitMEX_Arthur : then they made us all switch to 6, i was pissed
[2015-05-29 12:22:07] BitMEX_Arthur : i want 10
[2015-05-29 12:22:29] cengel : 10 becomes insane
[2015-05-29 12:22:33] cengel : 6 is high end of reasonable
[2015-05-29 12:22:39] BitMEX_Arthur : u get used to it
[2015-05-29 12:22:47] BitMEX_Arthur : i like to have charts full screen
[2015-05-29 12:23:01] BitMEX_Arthur : one for ur mail, one for browsing, one for excel
[2015-05-29 12:23:05] BitMEX_Arthur : then charts and index prices
[2015-05-29 12:23:08] BitMEX_Sam : cengel: Have you tried synergy?
[2015-05-29 12:23:11] cengel : eh in S&T we had 6 screens, in IB it was 3. i found when using 6 that i was basically only using 4
[2015-05-29 12:23:24] cengel : basically had 2 screens i ignored
[2015-05-29 12:23:25] BitMEX_Arthur : synergy is dope
[2015-05-29 12:23:48] BitMEX_Sam : getting better too, used it way back when to mix linux and windows dev machines
[2015-05-29 12:24:11] cengel : have not used synergy no
[2015-05-29 12:24:20] BitMEX_Sam : definitely check it out
[2015-05-29 12:27:39] cengel : Arthur, yea you can definitely get use from 10 screens , maybe if two of them are streaming BBG / CNBC
[2015-05-29 12:28:24] BitMEX_Arthur : yeah i used to trade etfs with underlyings all over teh place
[2015-05-29 12:28:25] cengel : i cant wait for ES to crash, permabull CNBC is going to be in meltdown mode
[2015-05-29 12:31:06] BitMEX_Arthur : Jim Cramer
[2015-05-29 12:31:09] BitMEX_Arthur : THEY KNOW NOTHING
[2015-05-29 12:31:18] BitMEX_Arthur : one of the best rants ever
[2015-05-29 12:31:32] BitMEX_Arthur : my first day on the trading floor was the monday after lehman went under
[2015-05-29 12:31:35] BitMEX_Arthur : that was crazy
[2015-05-29 12:35:47] cengel : yea watching credit markets freeze up in first week on job is a nice orientation
[2015-05-29 13:14:57] goat : usdjpy wont stop with this 124 level
[2015-05-29 13:15:02] goat : i should have left my long open from last night
[2015-05-29 13:23:25] cengel : dollar has to run out of steam eventually
[2015-05-29 13:27:37] goat : agreed, just doesnt look like its right now lol
[2015-05-29 13:29:50] cengel : its going to coincide with a massive ES dump i think
[2015-05-29 13:30:07] cengel : there's a shitload of intl money long US equities right now and when that unwinds, so will the USD bullrun
[2015-05-29 17:27:51] Tone : Hey Sam, i'm being lazy so just hitting you up here. Heard you will be at Inside Bitcoins Chicago, are you interested in being on my panel "Bitcoin Exchanges: Past, Present and Futures", i'm moderating.
[2015-05-29 18:50:10] Murch : Ah, as soon as this exchange attracts more users it'll be perfect..
[2015-05-29 19:14:28] Murch : Have you guys considered running a trading contest? Or some sort of promotion of some sort.
[2015-05-29 19:14:47] Murch : Whoops, said some sort twice.
[2015-05-29 21:32:01] BitMEX_Sam : Murch: We had a contest back in beta, went over pretty well
[2015-05-29 21:32:44] BitMEX_Sam : We're trying to differentiate with products and service.
[2015-05-29 21:32:50] BitMEX_Sam : Tone: Yeah, I'm in
[2015-05-29 21:32:54] BitMEX_Sam : Tone: But what day?
[2015-05-29 22:04:56] goat : you guys should have more business once okc implodes
[2015-05-29 22:05:01] goat : i have 22 referrals and no referral btc
[2015-05-29 22:06:23] BitMEX_Sam : Yeah there is a significant population that signs up too look around but doesn't deposit
[2015-05-29 22:06:31] BitMEX_Sam : It's a chicken & egg problem of course
[2015-05-29 22:08:44] goat : of course, and i expect more traders to come here over time
[2015-05-29 22:08:59] goat : like i told arthur when i met him, you guys are doing it right (from my experience in building my own business)
[2015-05-29 22:09:06] BitMEX_Sam : Thanks, I appreciate that
[2015-05-29 22:09:09] goat : slow and steady, paying attention to detail
[2015-05-29 22:09:57] goat : the most important thing is creating an engaging product and engaging content
[2015-05-29 22:10:14] goat : and spreading your business via happy customers that refer others via word of mouth
[2015-05-29 22:10:53] BitMEX_Sam : Yep; it's no secret that we want to create the best exchange out there. It's a slow process
[2015-05-29 22:11:01] BitMEX_Sam : Very glad to hear you're with us on that
[2015-05-29 22:11:23] goat : yeah dude, thats the way i built my business with my girlfriend
[2015-05-29 22:11:25] goat : we started in jan 2011
[2015-05-29 22:11:48] goat : and 2014 was our first year of no advertising whatsoever
[2015-05-29 22:11:53] goat : just repeat customers and customer referrals
[2015-05-29 22:12:08] goat : we made it through all of 2014 without spending $1 on advertising
[2015-05-29 22:12:14] goat : which was my goal :D
[2015-05-29 22:15:48] BitMEX_Sam : Impressive
[2015-05-29 22:17:13] goat : hard work
[2015-05-29 22:18:04] goat : you guys are on the right track though
[2015-05-29 22:22:06] goat : BitMEX_Sam: hold on ill email you
[2015-05-29 22:22:11] goat : sam@bitmex.com ?
[2015-05-29 22:22:42] BitMEX_Sam : goat: Yep
[2015-05-29 23:18:12] Murch : BitMEX_Sam: Fair enough. I'm sure the customers will follow in time.
[2015-05-30 02:22:56] Adversary : BitMEX_Sam: do you see any specific error message for attempts to add my gpg key? I'm wondering if it's never seen an RSA/El-Gamal combination before ...
[2015-05-30 03:42:53] BitMEX_Wally : Adversary: I'm seeing `Error: request entity too large`
[2015-05-30 05:10:54] BitMEX_Wally : Sam can probably increase the limit
[2015-05-30 05:13:27] Hasimir : cool, I tried stripping out all the signatures, which cuts it down from around 70K to about 8K, but no luck I guess - it's a 4K master with a 3K signing subkey and another 4K encrypt subkey, so it can't get any smaller
[2015-05-30 05:21:39] BitMEX_Wally : Yeah, we have a misconfiguration. Sam says he'll fix it in the morning (US time)
[2015-05-30 08:56:23] cengel : http://www.reddit.com/r/Bitcoin/comments/37tm1b/czs_statement_regarding_the_dispute_between/
[2015-05-30 08:56:26] cengel : wow
[2015-05-30 08:56:37] cengel : ex-CTO of OKCoin comes out and confirms multiple acts of fraud by Star, CEO of OKCoin
[2015-05-30 09:20:11] cengel : even claiming that the bots are trading on fractional reserve and faking volume.
[2015-05-30 09:20:20] cengel : Confirms all the rumors
[2015-05-30 09:20:37] BitMEX_Arthur : yep
[2015-05-30 09:20:47] BitMEX_Arthur : okc was so stupid for dragging cz through the dirt
[2015-05-30 09:21:02] BitMEX_Arthur : but i guess they don't think people will move, or their mainly chinese customers don't care
[2015-05-30 09:32:26] cengel : I think a lot of people see leveraged trading as just gambling and don't care if the proprietor is basically a casino
[2015-05-30 09:33:04] cengel : it's not even possible to determine what the real volume is. I think it was Goldman in a report that just blindly quoted the volume numbers without the context
[2015-05-30 09:33:35] cengel : when it comes to the chinese exchange model in general, so huobi and btcchina included with okcoin
[2015-05-30 09:41:12] chrisxbt : huobi and btcchina totally do wash trading
[2015-05-30 09:59:01] BitMEX_Arthur : yeah
[2015-05-30 09:59:03] BitMEX_Arthur : 100%
[2015-05-30 09:59:09] BitMEX_Arthur : it's pretty obvious
[2015-05-30 10:06:03] cengel : I guess there's a segment of people who really just like to do 5% margin trading and theres not many who provide this?
[2015-05-30 10:45:27] cengel : I have a feeling degenerate gamblers from OKCoin are going to flood this little shop now ;)
[2015-05-30 10:47:19] Matthew.v : yes we are
[2015-05-30 10:47:20] Matthew.v : !
[2015-05-30 10:47:29] BitMEX_Arthur : Hello
[2015-05-30 10:54:08] cengel : welcome, OKCoin refugees!
[2015-05-30 10:54:25] BitMEX_Arthur : `XBTM15` has 10x leverage
[2015-05-30 12:32:29] Hasimir : oh man ... this okc thing is just getting more and more annoying ... gotta love the way the evidence in the report is ignored in favour of thichever soap box is active at any given time too ...
[2015-05-30 13:01:24] cengel : "Post his departure, it was discovered that his personal account at OKCoin had at various points several millions of CNY on the exchange and traded with frequency. We apologize to our customers for the behavior of our “CTO”."
[2015-05-30 13:01:26] cengel : http://www.reddit.com/r/Bitcoin/comments/37u6ca/okcoins_response_to_czs_lies_and_desperate/
[2015-05-30 13:01:43] cengel : I love how he is referred to sarcastically with quotes as "CTO" throughout
[2015-05-30 13:03:50] BitMEX_Arthur : http://www.reddit.com/r/BitcoinMarkets/comments/37u8tl/while_rome_burns_whale_club_talks_to_bitmex_about/
[2015-05-30 13:14:24] cengel : oh cool!
[2015-05-30 13:14:54] cengel : I will be listening for sure. This is a big opportunity for you guys with OKCoin rekt atm
[2015-05-30 13:15:41] BitMEX_Arthur : eah
[2015-05-30 13:16:26] BombaUcigasa : Talking to my reluctant heavy trader colleague to bring him over, he says more popularity is needed before he moves, I told him this is how that "popularity" is actually built...
[2015-05-30 13:21:30] cengel : when it comes to volatility contracts i think people just need to get a feel for what "normal" day is and what high is and so they can make sense of what price is good or bad
[2015-05-30 13:22:17] BitMEX_Arthur : yeah it's a new concept for many bitcoin traders
[2015-05-30 13:22:19] cengel : because people aren't going to get the idea to trade if they don't think based on some reasoning that the current price they can get is good
[2015-05-30 13:23:47] cengel : but to them they dont know if 3 is high or low for a day or 7day. its too new
[2015-05-30 14:12:14] cengel : so 4pm gmt thats
[2015-05-30 14:12:24] cengel : 2 hr from now
[2015-05-30 14:12:34] BitMEX_Wally : cengel: Yes
[2015-05-30 14:13:49] cengel : looking forward to it
[2015-05-30 14:23:10] beachlurker : any updates on when withdrawals for yesterday will be processed? (it looks like it has been a couple of hours since 12 gmt)
[2015-05-30 14:23:45] BitMEX_Sam : beachlurker: In progress as we speak
[2015-05-30 14:23:55] beachlurker : great, sounds good
[2015-05-30 14:27:03] BitMEX_Wally : beachlurker: Your withdrawal has 1 block confirmation
[2015-05-30 15:28:18] emeraldcrypto : ello
[2015-05-30 15:28:37] BitMEX_Arthur : hi
[2015-05-30 15:29:08] emeraldcrypto : looks like i'll be moving all my okcoin funds here after all the drama
[2015-05-30 15:29:13] emeraldcrypto : time to master the UI
[2015-05-30 15:30:12] cengel : emeraldcrypto, testnet.bitmex.com is a good way to test the mm script and play around with web UI
[2015-05-30 15:53:48] emeraldcrypto : thanks!
[2015-05-30 16:44:24] ilikepies69 : hi bitmex, will there be a take profit/stoploss feature?
[2015-05-30 16:45:04] BitMEX_Arthur : it will be implemented shortly
[2015-05-30 16:46:58] BitMEX_Wally : ilikepies69: You can place a limit order to take profit.
[2015-05-30 16:47:05] ilikepies69 : nice - also, maybe a btc price overlay on the vol chart : )
[2015-05-30 16:47:19] BitMEX_Wally : We are working on supporting Stop orders
[2015-05-30 16:49:28] cengel : Great job guys I heard the talk, only a matter of time before the retail pplcome over
[2015-05-30 16:49:38] BitMEX_Arthur : thanks
[2015-05-30 17:05:09] cengel : I don't understand these guys...they WANT bots pumping fake volume??
[2015-05-30 17:05:23] BitMEX_Arthur : yeah
[2015-05-30 17:06:16] cengel : some form of stockholm syndrome I suppose
[2015-05-30 17:06:29] BitMEX_Sam : Agreed. I understand that people want liquidity
[2015-05-30 17:06:38] BitMEX_Sam : But bots faking volume is a different thing.
[2015-05-30 17:06:50] BitMEX_Sam : Of course we encourage API usage and we even have a reference market maker bot
[2015-05-30 17:07:03] cengel : If bitmex turns into a casino ill be a little sad. and the tagline of the company should change :P
[2015-05-30 17:07:40] BitMEX_Sam : Ha of course
[2015-05-30 17:09:37] ilikepies69 : no need to copy okc 1:1 but i think there was some ui/ux things that okc did well... to be frank, i find kranken's order option the best
[2015-05-30 17:10:35] ilikepies69 : tp/sl tied to your orders, plus setting your lev, all in one go...
[2015-05-30 17:12:23] ilikepies69 : also, okc has a widget with what one contract is worth. plus you can view via contracts or btc ( i like contract view)
[2015-05-30 17:14:20] BitMEX_Wally : ilikepies69: In the "Selected Contract" widget, there's a table
[2015-05-30 17:14:39] BitMEX_Wally : It has Open Interest and Contract Value
[2015-05-30 17:14:59] ilikepies69 : BitMEX_Wally: ah yes my apologies i missed that
[2015-05-30 17:15:24] BitMEX_Wally : No worries
[2015-05-30 19:14:57] Scott J : I'm confused by the price cap on XBT... if the price of bitcoin goes below the cap am I margin called or is it only the price of bitcoin on settlement that counts?
[2015-05-30 19:20:49] BitMEX_Sam : Scott J: The cap has nothing to do with your personal liquidation price, which you can see in the positions table
[2015-05-30 19:21:07] BitMEX_Sam : The capping is a cap on the contract itself, essentially stopping price movements below the limit down cap or above the limit up cap
[2015-05-30 19:21:32] BitMEX_Sam : It is based on traders' liquidation prices. https://www.bitmex.com/app/cappedPrice
[2015-05-30 19:25:31] Scott J : Thanks, Sam
[2015-05-30 20:33:30] ilikepies69 : BitMEX_Sam: hi sam, is there to see 24h vol on each contract type?
[2015-05-30 20:35:20] BitWise : @goat, what's that url of that post you did. Like to read it
[2015-05-30 20:42:09] mahrens917 : How do you determine the leverage for an instrument like XBUU15? Is it 10x? Where does it say that?
[2015-05-30 20:55:49] chrisxbt : you look at margin requirements
[2015-05-30 22:22:23] Kweejee : so
[2015-05-30 22:22:44] Kweejee : does the 5 min snap update the fair price?
[2015-05-30 23:18:33] TraderStefan : Last traded price on XBU24H is 232.10 but chart is showing 237.79
[2015-05-30 23:27:13] cengel : wow that was weird,
[2015-05-30 23:28:29] cengel : trader - that last trade is not a trade it's settlement :)
[2015-05-30 23:28:55] cengel : when you see timestamp 14:00 on daily that's settlement time, all open interest gets closed at settlement price
[2015-05-30 23:29:03] TraderStefan : I see, thanks
[2015-05-31 00:16:20] TraderStefan : feature request: email notification when my order is filled
[2015-05-31 00:16:47] BitMEX_Arthur : Noted
[2015-05-31 00:17:19] TraderStefan : Damn that was fast
[2015-05-31 00:17:48] BitMEX_Arthur : We monitor the trollbox, helps us answer questions faster
[2015-05-31 00:17:57] TraderStefan : cool
[2015-05-31 01:16:55] Hasimir : cengel, why is settlement at 14:00?
[2015-05-31 04:48:53] TraderStefan : Could someone explain what these two numbers mean? http://imgur.com/0d0lPOy
[2015-05-31 04:49:57] TraderStefan : Which one is the expected settlement price?
[2015-05-31 04:52:59] BitMEX_Arthur : The indicative settlement price located under the contract symbol