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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[2015-05-30 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
[2015-05-31 04:53:17] BitMEX_Arthur : .bvol24h is a rolling calculation of the underlying index
[2015-05-31 04:53:51] BitMEX_Arthur : Settlement is at 12GMT
[2015-05-31 04:54:22] TraderStefan : ok, so which one is used as settlement price at 12GMT?
[2015-05-31 04:54:52] BitMEX_Arthur : .bvol24h it will equal the indicative settlement price at 12GMT
[2015-05-31 04:55:34] TraderStefan : ok thanks. I'm still trying to figure it all out. Great platform by the way.
[2015-05-31 04:56:44] BitMEX_Arthur : Thanks just ask any q u Habe in the chat
[2015-05-31 04:57:07] TraderStefan : will do
[2015-05-31 05:19:53] cengel : minimum settle at 1.04 with 7 hr to go
[2015-05-31 05:20:04] cengel : on <code>BVOL24H
[2015-05-31 05:24:00] BitMEX_Wally : You can use backticks `
[2015-05-31 05:24:09] BitMEX_Wally : Instead of `<code>test</code>`
[2015-05-31 05:24:24] BitMEX_Wally : `<code>`
[2015-05-31 05:24:32] BitMEX_Wally : Hah, I'm trying to type `<` code `>`
[2015-05-31 05:24:54] cengel : `test
[2015-05-31 05:25:04] cengel : ´test
[2015-05-31 05:25:16] BitMEX_Wally : Back ticks before and after
[2015-05-31 05:25:18] BitMEX_Wally : ` test `
[2015-05-31 05:25:23] cengel : `test`
[2015-05-31 05:25:24] BitMEX_Wally : ```
[2015-05-31 05:25:31] BitMEX_Wally : `````
[2015-05-31 05:25:36] BitMEX_Wally : `a`a`a`a
[2015-05-31 05:25:42] cengel : its almos faster to type <code> on european keyboard. backtick is foreign
[2015-05-31 05:25:48] cengel : oh boy :/
[2015-05-31 05:26:04] cengel : This is a `test`
[2015-05-31 05:26:07] BitMEX_Wally : :xbt:
[2015-05-31 05:26:22] cengel : :)
[2015-05-31 05:26:42] cengel : actually why dont you just have it auto-format when a string with spaces on either side matches a symbol
[2015-05-31 05:27:07] BitMEX_Wally : :btc:
[2015-05-31 05:27:14] BitMEX_Wally : I'm trying to remember all the codes
[2015-05-31 05:27:42] BitMEX_Wally : Sam might have disabled some of them
[2015-05-31 05:28:12] BitMEX_Wally : Good idea to have it automatically recognise symbols and turn BVOL24H into `BVOL24H`
[2015-05-31 05:28:22] BitMEX_Wally : We could even hyperlink it too
[2015-05-31 05:28:24] cengel : yea bc why else would someone say a symbol if not to reference it
[2015-05-31 05:28:33] cengel : yea so it autoloads it in the app that would be double good
[2015-05-31 05:30:27] cengel : if Bitfinex hack, BTC-e withdrawal delays, and OKCoin whistleblower doesn't kick BVOL in the ass I'm not sure what will
[2015-05-31 05:34:40] BitMEX_Arthur : Its it will be quiet then explode imo
[2015-05-31 05:46:19] cengel : I think OKCoin needs to show withdrawal issues before people really do panic
[2015-05-31 05:46:27] cengel : with all their faults, they dont seem to have gotten to that point (yet)
[2015-05-31 06:32:34] BitMEX_Arthur : yeah
[2015-05-31 06:33:24] cengel : still, enough risk factors to make a BVOL seller lose sleep
[2015-05-31 06:56:20] TraderStefan : Am I correct in thinking that the insurance fee for XBU24H is charged twice a day at 8:00 and 16:00? Or is it charged at settlement also?
[2015-05-31 06:56:59] BitMEX_Arthur : there is no insurance for XBU24H
[2015-05-31 06:57:26] TraderStefan : oh ok
[2015-05-31 06:57:35] BitMEX_Arthur : for all other XBU contracts if you have the trader structure there is insurance charged at 12:00, 20:00, 04:00 GMT
[2015-05-31 06:59:16] TraderStefan : thanks
[2015-05-31 07:19:25] BitMEX_Arthur : http://shitco.in/2015/05/30/the-okcoin-hindenburg-omen/
[2015-05-31 07:30:22] cengel : lol i love the south park video at the end: https://youtu.be/4TlPo0yCSa4
[2015-05-31 07:36:35] TraderStefan : Yeah it's not looking good for OKCoin. I withdrew 95% of my coins
[2015-05-31 07:37:52] cengel : if they were seriously crediting balances of in-house marketmakers without backing with real money that's the killer i think
[2015-05-31 07:38:15] cengel : once you go down that road you end up like Nick Leeson in no time
[2015-05-31 07:38:49] cengel : the question is does OKCoin have a shady unaccounted-for "errors account" like at Barings SG lol
[2015-05-31 07:40:39] TraderStefan : yeah, lets hope people flock to BitMex
[2015-05-31 07:41:00] TraderStefan : I certainly have
[2015-05-31 08:20:41] cengel : Minimum settlement 1.09 , 4hr to close on `BVOL24H` I predict 1.15
[2015-05-31 08:37:35] TraderStefan : How do you know what minimum settlement is?
[2015-05-31 08:50:06] cengel : TradeStefan, simulate daily volatility assuming rest of day's snaps have no movement (or average up until then)
[2015-05-31 08:51:27] TraderStefan : thanks
[2015-05-31 14:18:27] Kweejee : so my trade settled at 1.89 after I bought in at 2.0. but where is the xbt from the trade?
[2015-05-31 14:18:48] BitMEX_Arthur : What did you trade?
[2015-05-31 14:19:17] Kweejee : Bvol 24hr
[2015-05-31 14:19:29] Kweejee : Did I lose my principal at settlement?
[2015-05-31 14:19:51] BitMEX_Arthur : No we mark to a "fair" price to discourage manipulation
[2015-05-31 14:20:10] BitMEX_Arthur : if you start smacking the book at un economic prices we make you provision more margin to discourage the behaviour
[2015-05-31 14:20:33] BitMEX_Arthur : The "fair" price only affects unrealised pnl, not your realised pnl
[2015-05-31 14:21:57] Kweejee : Pardon my ignorance but I'm still learning the UI, where do I find my realized PNL
[2015-05-31 14:22:20] BitMEX_Arthur : On your `Open Positions` tab it's the last column on the right
[2015-05-31 14:23:57] Kweejee : Got it, thanks!
[2015-05-31 14:24:19] Kweejee : Really needs more liquidity, this is the greatest thing since sliced bread
[2015-05-31 14:24:49] BitMEX_Arthur : Kweejee: We are working hard on that, getting more mm signed up and more retail traders on the platform
[2015-05-31 14:25:22] Kweejee : I was referred, that seems to be the easiest method at this point
[2015-05-31 14:25:33] BitMEX_Arthur : Yes so please use your link as well
[2015-05-31 14:32:47] cengel : if you're ever in a bathroom stall with a sharpie just write "Trade Bitcoin Derivatives -Bitmex.com" on the door
[2015-05-31 14:33:05] BitMEX_Arthur : haha
[2015-05-31 14:34:30] Kweejee : Bwahaha
[2015-05-31 14:34:43] Kweejee : I might get some stickers printed with my code
[2015-05-31 14:34:45] Kweejee : ;)
[2015-05-31 14:34:55] Kweejee : Tag all the stop signs too
[2015-05-31 14:35:33] Kweejee : Does the fair price update every snap?
[2015-05-31 14:35:56] cengel : notorious graffiti artist known only as Bitmex
[2015-05-31 15:41:50] goat : hi
[2015-05-31 15:41:52] goat : ok cool
[2015-05-31 15:41:57] BitMEX_Arthur : Hey
[2015-05-31 15:41:57] goat : the site was unresponsive for a few mins
[2015-05-31 15:42:16] goat : its cool now
[2015-05-31 15:42:57] goat : i refreshed and restarted browser, nothing... then i clicked down from the trade tab to deposit and back to trade and it works
[2015-05-31 15:43:12] goat : but its showing "deposit" as selected on the left hand side and showing the trade window data
[2015-05-31 15:47:18] Kweejee : goat is on bitmex?
[2015-05-31 15:47:19] Kweejee : word
[2015-05-31 15:47:20] BitMEX_Sam : goat: That's odd.
[2015-05-31 15:47:25] BitMEX_Sam : We haven't pushed any updates in the last few days
[2015-05-31 15:47:40] BitMEX_Arthur : Kweejee: errbody will be on BitMEX soon
[2015-05-31 15:47:57] Kweejee : BitMEX_Sam: you're the UI guy aren't you?
[2015-05-31 15:48:03] BitMEX_Sam : goat: I have some leads on it from our error aggregation. I'll see what I can do
[2015-05-31 15:48:05] BitMEX_Sam : Kweejee: Yes
[2015-05-31 15:48:10] Kweejee : KILLER job!
[2015-05-31 15:48:45] BitMEX_Sam : Thanks!
[2015-05-31 15:53:53] goat : BitMEX_Sam: ill send you a screenshot
[2015-05-31 15:54:03] goat : i just bought some of tehse contracts to see if it would work
[2015-05-31 15:54:20] BitMEX_Sam : goat: By any chance did you have the window resized small?
[2015-05-31 15:54:25] goat : nope
[2015-05-31 15:54:36] goat : always the same size
[2015-05-31 15:54:56] goat : its not a big deal, i bought these contracts and it worked.. its just weird that its still showing "deposit" as selected
[2015-05-31 15:55:26] BitMEX_Sam : Ok. Well a refresh will fix it up; will take a look
[2015-05-31 15:55:40] goat : BitMEX_Arthur: okc is getting redic
[2015-05-31 15:55:53] BitMEX_Arthur : i read your latest
[2015-05-31 15:55:54] BitMEX_Arthur : pretty good
[2015-05-31 15:55:59] goat : BitMEX_Sam: yeah, refreshed again and its good
[2015-05-31 15:56:18] goat : i mean, the situation is just getting worse every time they do or say anything
[2015-05-31 15:56:21] goat : its incredible
[2015-05-31 15:57:42] BitMEX_Arthur : is there anything new since they released their comeback to CZ's post?
[2015-05-31 15:58:07] cengel : ya they went on Google Hangout and had a battle rap, which finally settled the whole dispute
[2015-05-31 15:58:53] BitMEX_Arthur : oh really
[2015-05-31 15:58:58] BitMEX_Arthur : is there a transcript
[2015-05-31 15:59:08] cengel : but no i haven't seen anything since the OKC response
[2015-05-31 15:59:29] goat : i have to listen to the bitmex thing from yesterday
[2015-05-31 15:59:39] goat : i was busy when it was going on
[2015-05-31 15:59:50] BitMEX_Arthur : you have the link @goat ?
[2015-05-31 15:59:56] goat : hold on
[2015-05-31 15:59:56] cengel : as long as there's no reports of withdrawal problems or a sudden concern from OKCoin about KYC/AML, i dont think people care
[2015-05-31 16:00:28] goat : well... there are some interesting aspects to that which ihave been researching
[2015-05-31 16:00:49] goat : https://soundcloud.com/whaleclub-bitcoin/while-rome-burns-whale-club-talks-to-bitmex-about-their-futuresbvol
[2015-05-31 16:01:06] BitMEX_Arthur : ok cool u have the link just making sure
[2015-05-31 16:01:11] BitMEX_Arthur : i would give it to u otherwise
[2015-05-31 16:01:14] goat : ahh ok
[2015-05-31 16:04:19] goat : i feel like the chinese exchanges are going to start to play little to no role in the price of btc soon, which will be good
[2015-05-31 16:05:09] goat : BitMEX_Arthur: i was actually thinking of something interesting
[2015-05-31 16:05:17] goat : it would be really interesting to see them break the yuan usd peg
[2015-05-31 16:05:36] cengel : theyre already in the proess of that, it's not been pegged
[2015-05-31 16:05:51] goat : it has a really small trading range though?
[2015-05-31 16:06:50] cengel : sure but chinese inflation has been higher
[2015-05-31 16:07:18] cengel : but the chinese have been making swap deals to provide RMB liquidity overseas
[2015-05-31 16:07:24] goat : oah yeah, i know about that
[2015-05-31 16:07:25] cengel : paris london etc
[2015-05-31 16:07:28] goat : of course, yeah
[2015-05-31 16:07:40] cengel : and if you measure in PPP terms there's been a major correction in the devalued RMB
[2015-05-31 16:07:52] cengel : there was a report recently i think from IMF saying that it's no longer overvalued
[2015-05-31 16:08:17] goat : ok interesting
[2015-05-31 16:08:19] cengel : http://www.washingtonpost.com/business/imf-official-says-chinas-yuan-no-longer-undervalued/2015/05/26/95903266-0393-11e5-93f4-f24d4af7f97d_story.html
[2015-05-31 16:08:23] cengel : read it on WaPo
[2015-05-31 16:08:39] goat : i will take a look, thanks
[2015-05-31 16:22:12] cengel : but youre right that something is going to happen in China
[2015-05-31 16:22:26] cengel : something has got to give. feels like Japan 1980s
[2015-05-31 16:37:47] BitMEX_Sam : goat: Sidebar bit is fixed, thanks for the headsup
[2015-05-31 18:14:11] goat : cool
[2015-05-31 18:48:11] Swedishnut : something is about to give but where?
[2015-05-31 18:55:35] BitMEX_Sam : good question. Feels like the calm before the storm
[2015-05-31 21:36:52] Kiran : Fees page, table of contents. "XBU Daily Futures Contracts (XBU24H)" Link not working, title wrong
[2015-05-31 21:39:00] BitMEX_Arthur : Thx will look into that
[2015-05-31 22:09:02] Kweejee : no bids/ask on bvol 24hr
[2015-05-31 22:09:05] Kweejee : okay....?
[2015-05-31 22:13:17] Kweejee : bids at 1.41 after a 2$ drop
[2015-05-31 22:13:24] Kweejee : Who is this MM??
[2015-05-31 23:05:36] BitMEX_Wally : Kweejee: `BVOL24H` is purely speculative, and it's not possible for market makers to hedge their positions elsewhere.
[2015-05-31 23:06:24] BitMEX_Wally : The spread is 2.30/2.45 now
[2015-05-31 23:09:03] Kweejee : Right I got excited it took a few snaps for it to catch up
[2015-05-31 23:09:14] Kweejee : and that was an hour ago xD
[2015-05-31 23:13:04] Kweejee : Closed my position at 2.30 from 2 and my realized pnl is still -.0222?
[2015-05-31 23:13:17] Kweejee : Maybe theres some secret formula I'm missing but
[2015-05-31 23:15:03] BitMEX_Wally : Let me check for you
[2015-05-31 23:19:27] BitMEX_Wally : Kweejee: The `realisedPnl` for a relisting contract is cumulative.
[2015-05-31 23:35:01] BitMEX_Wally : We're going to change this so that the pnl is `CashSettled` each day
[2015-06-01 05:38:08] cengel : BitMEX_Wally: how about in trade history it shows also change in realisedpnl ? otherwise the accounting of it has to be backed out from current info
[2015-06-01 05:38:42] BitMEX_Arthur : If you take a look at your `Wallet History` you will see all settlement realised pnl
[2015-06-01 05:38:58] cengel : but not the trade ones right ?
[2015-06-01 05:38:59] BitMEX_Arthur : so when a contract expires we post the cash for accounting purposes on your wallet history
[2015-06-01 05:39:37] BitMEX_Arthur : so e.g. XBTM15 your realised pnl won't be posted to your `Wallet History` until settlement
[2015-06-01 05:39:47] cengel : yea
[2015-06-01 05:39:54] BitMEX_Arthur : otherwise it will be displayed in the positions section
[2015-06-01 05:40:17] cengel : but wouldn't it be appropriate to also show it in trade history ?
[2015-06-01 05:40:31] cengel : to track per-trade changes in pnl
[2015-06-01 05:41:03] cengel : otherwise it's cumulative and you have to go through all the existing trade history data to back out the chanes
[2015-06-01 05:41:05] cengel : changes*
[2015-06-01 05:41:08] BitMEX_Arthur : well it becomes tricky on what account method you want to use if you are just showing a "pnl" on a per trade basis
[2015-06-01 05:41:14] BitMEX_Arthur : fifo, lifo etf
[2015-06-01 05:41:15] BitMEX_Arthur : etc
[2015-06-01 05:41:19] cengel : yes
[2015-06-01 05:41:42] BitMEX_Arthur : so rather than confuse people more, we just show the actual number, and you can pull the raw data and compute it how you like
[2015-06-01 08:49:55] cengel : minimum 1.86 , 3 hours to settle on `BVOL24H`, my prediction: 1.91 :)
[2015-06-01 08:50:27] BitMEX_Arthur : maybe we can get a day over 2%
[2015-06-01 08:50:37] BitMEX_Arthur : that would be a welcome change
[2015-06-01 08:50:56] cengel : it doesn't even feel like its been a 2% day, but there was some whipsaw action that produced it
[2015-06-01 08:51:11] BitMEX_Arthur : yeah 1h of activity the rest of the day was snorefest
[2015-06-01 10:32:09] krach : test+
[2015-06-01 10:33:36] krach : what do you mean by inverse futures?
[2015-06-01 10:36:14] cengel : Minimum settle 2.22 on `BVOL24H` bit over 1 hr left to settlement
[2015-06-01 11:06:12] krach : hey
[2015-06-01 11:06:23] krach : could you give me an embed code for your charts?
[2015-06-01 12:42:24] BitMEX_Sam : krach: You could iframe it, I suppose
[2015-06-01 12:42:40] BitMEX_Sam : krach: Re: inverse futures, that's the technical term for OKCoin-style futures, aka futures worth a fixed US$ value
[2015-06-01 12:43:01] BitMEX_Sam : So our inverse futures are always worth US$100 at settlement in Bitcoin.
[2015-06-01 12:43:29] BitMEX_Sam : As for embedding charts, just try an iframe of https://www.bitmex.com/chart?symbol=BVOL24H
[2015-06-01 13:01:25] krach : ok thanks
[2015-06-01 13:01:33] krach : yea I will try the iframe good idea
[2015-06-01 15:51:24] BitMEX_Wally : `BVOL24H` just shot up from 2.5 to 3.4
[2015-06-01 15:55:28] Kweejee : absolutely wreckwage
[2015-06-01 15:55:31] Kweejee : wreckage*
[2015-06-01 15:55:42] Kweejee : just need a MM or bagholder to get on this bid
[2015-06-01 15:55:43] Kweejee : xD
[2015-06-01 16:11:48] krach : how much more price movement is it going to take to get the 7d bvol really moving ?
[2015-06-01 16:11:49] krach : :)
[2015-06-01 16:22:25] SnackyCoins : it will go up as the preceding "flat" rotates out of it's calculation
[2015-06-01 16:24:24] BitMEX_Sam : SnackyCoins: Indicative settlement on BVOL7D only rolls for the first day; so there's always at least 24hr of data in it, but after the first 24 hrs (Saturday 12 GMT) it only figures in data from the settlement period
[2015-06-01 16:25:05] SnackyCoins : ah for some reason I thought the period on 7d was a few days
[2015-06-01 16:25:20] SnackyCoins : or rather, was always calculating a full week
[2015-06-01 16:26:11] BitMEX_Sam : Nope. BVOL24H does the same thing, but with 6hrs
[2015-06-01 16:39:00] Kweejee : this site is beautiful, the trading, the options you have at trading, the UI
[2015-06-01 16:39:02] Kweejee : everything, gorgeous
[2015-06-01 16:39:07] Kweejee : +1
[2015-06-01 16:39:28] BitMEX_Arthur : Tell the world :)
[2015-06-01 16:39:48] Kweejee : i need a microphone, and a helicopter to mt everest
[2015-06-01 16:39:55] Kweejee : my trades will be freefor life XD
[2015-06-01 16:40:11] cengel : damn, someone sounds like they're profiting :D dat euphoria
[2015-06-01 16:40:13] BitMEX_Arthur : Let me ask the woodchipper first
[2015-06-01 16:41:42] Kweejee : Really, bvol trading is quite amazing
[2015-06-01 16:41:49] Kweejee : A little more liquidity and were golden
[2015-06-01 16:41:58] Kweejee : I know you guys have seen some activity on your end
[2015-06-01 16:42:13] krach : come over to the 7d we need people there too
[2015-06-01 16:42:18] Kweejee : I've noticed open interest the past few days have been increasing
[2015-06-01 16:42:34] krach : yea guys very cool product bvol
[2015-06-01 16:50:48] Kweejee : bvol 7d settlement every wedneday?
[2015-06-01 16:51:03] BitMEX_Arthur : Every Friday
[2015-06-01 16:51:57] Kweejee : i forgot how to math
[2015-06-01 16:51:58] Kweejee : derp
[2015-06-01 17:03:18] cengel : it should say Friday on selected contract info but doesnt
[2015-06-01 17:25:24] BitMEX_Sam : cengel: Yeah, I should add that, right now it's just the date
[2015-06-01 17:25:58] BitMEX_Sam : Rather, you have to click it and see expiry date. That's obviously not ideal
[2015-06-01 19:16:46] Kweejee : BitMEX_Sam: yeah right now its just a date. had to look at a calendar
[2015-06-01 19:16:56] Kweejee : but once you know it settles every friday, no need to say every friday
[2015-06-01 19:17:08] BitMEX_Sam : Right; just going to adjust that shortly
[2015-06-01 19:17:11] BitMEX_Sam : working on a gpg issue
[2015-06-01 19:39:10] Kiran : Why the vanity deposit addresses(BMEX)?
[2015-06-01 19:52:26] Kiran : Want it watchable on the blockchain?
[2015-06-01 20:00:02] cengel : I didn't think of that, does create linkability
[2015-06-01 20:05:03] BitMEX_Sam : we built that out as a user verification feature, that users would know to expect to see `3BMEX` and otherwise should assume they are being phished. However we now do some additional verification on both ends that makes some of that moot
[2015-06-01 20:05:23] BitMEX_Sam : For quite some time we had the only working p2sh vanity addresses
[2015-06-01 20:06:03] BitMEX_Sam : In terms of linkability we don't consider it any worse than exchanges that sweep deposits into a known hot/cold storage wallet
[2015-06-01 20:07:10] cengel : True
[2015-06-01 20:12:01] Kweejee : Digging this guys. Activity is picking up on the bid/ask
[2015-06-01 20:15:49] Kiran : Looking so full
[2015-06-01 20:53:54] BitMEX_Sam : Kweejee: Thanks for the suggestion about the BVOL7D info, if you refresh you'll see it's fixed
[2015-06-01 20:55:11] cengel : not letting me cancel order is the update still in progress
[2015-06-01 20:55:42] BitMEX_Sam : cengel: It may have cancelled during the downtime, do you still see it if you refresh?
[2015-06-01 20:56:10] cengel : yes and in orderb ook and cant delete thru api either
[2015-06-01 20:56:23] cengel : Order could not be cancelled. type
[2015-06-01 20:56:43] BitMEX_Sam : I see it. One second, looking into it
[2015-06-01 20:57:15] BitMEX_Sam : For now you should be able to cancel it by using the all buttons in the open orders pane
[2015-06-01 20:59:02] cengel : in "all" tab i can't cancel though
[2015-06-01 20:59:16] cengel : i cant thru API either
[2015-06-01 20:59:21] BitMEX_Sam : under open orders you can. see the `X` with the underline
[2015-06-01 20:59:45] cengel : "Order could not be cancelled: type"
[2015-06-01 20:59:55] cengel : is notificaiton when i try to cancel order thru the normal way
[2015-06-01 21:04:00] cengel : oh wait you mean cancel all the orders
[2015-06-01 21:04:02] cengel : i guess ill do that
[2015-06-01 21:04:41] BitMEX_Sam : I am tracking it down
[2015-06-01 21:04:52] cengel : yea i misunderstood you sorry
[2015-06-01 21:04:55] BitMEX_Sam : for now please cancel all.
[2015-06-01 21:13:54] BitMEX_Sam : FIxed @cengel, thanks
[2015-06-01 21:20:51] cengel : We're finally getting some VOL, drawing some nice attention!
[2015-06-01 21:21:29] cengel : its far more interesting when there's some action
[2015-06-01 21:25:11] SnackyCoins : everyone's bailing from the other exchanges #MEXMigration #MEXodus
[2015-06-01 21:29:12] BitMEX_Sam : Haha would love to see those hashtags happen
[2015-06-01 21:30:35] cengel : once it gets bad enough at OKCoin it will be a waterfall
[2015-06-01 21:31:05] cengel : it has reached the point where if okcoin goes full gox, no one can say there was not warning
[2015-06-01 21:31:36] cengel : those exchange default swaps would be fun way to quantify that
[2015-06-01 21:36:44] BitMEX_Sam : Yeah we are very much looking forward to launching the EDS product
[2015-06-01 21:36:58] BitMEX_Sam : Our focus now is on improving the usability and leverage on the platform
[2015-06-01 21:37:33] BitMEX_Sam : But EDS is next. Solidifying the contract terms is difficult, as we must define a "default event" without ambiguity
[2015-06-01 21:41:44] cengel : yea I hope you guys do it in a good way
[2015-06-01 21:45:08] BitMEX_Sam : The last thing we want is a dispute on an EDS payout because some traders don't believe it was a real default
[2015-06-01 21:45:50] cengel : exactly
[2015-06-01 21:46:25] cengel : i guess that's Arthur's territory im sure he's got ideas
[2015-06-01 21:47:30] BitMEX_Sam : Yes. We'll be working off of how CDS contracts are written in other industries
[2015-06-01 21:51:30] BitMEX_Sam : BVOL24H spread is getting tight
[2015-06-01 22:13:20] TraderStefan : yeah nice and tight
[2015-06-01 22:30:29] Kweejee : +1
[2015-06-01 22:46:29] SnackyCoins : so this is probably not something that gets run into often, but since the BVOL contracts have their own fee structure, it would be nice if i could switch trader/hedger provided the only positions i have open are on BVOL
[2015-06-01 22:47:48] BitMEX_Arthur : That's a good point
[2015-06-01 22:49:37] SnackyCoins : if it's a one line of code change though, ayyyy :D :D :D :D
[2015-06-01 23:06:10] BitMEX_Sam : I suppose that's true, but we'd have to have some more sophisticated backend logic to look at every position and switch you
[2015-06-01 23:06:20] BitMEX_Sam : I can switch you manually if you like
[2015-06-01 23:26:15] Rizky : hello team any plans to move XBU to monthly?
[2015-06-01 23:26:29] BitMEX_Arthur : Hey Riz
[2015-06-01 23:26:51] Rizky : or dont wanna spread the volume too much?
[2015-06-01 23:27:40] BitMEX_Arthur : XBU is monthly
[2015-06-01 23:27:44] BitMEX_Arthur : we will list XBUN15
[2015-06-01 23:27:45] BitMEX_Arthur : in July
[2015-06-01 23:27:50] BitMEX_Arthur : when M15 expires
[2015-06-01 23:28:17] Rizky : ah just M U and Z and made the assumption
[2015-06-01 23:28:28] BitMEX_Arthur : yeah we will list N
[2015-06-01 23:28:30] Rizky : but rolls will only be on quarters?
[2015-06-01 23:28:42] BitMEX_Arthur : the roll tbh doesn't trade
[2015-06-01 23:28:48] BitMEX_Arthur : our clients don't understand ityet
[2015-06-01 23:28:51] Rizky : mm-k
[2015-06-01 23:28:59] BitMEX_Arthur : we need to make some UI changes to make it more intuitive
[2015-06-01 23:29:20] Rizky : cool, thank you
[2015-06-01 23:42:22] goat : https://www.tradingview.com/x/aIS13qaf/
[2015-06-01 23:42:26] goat : time to short oil some more?
[2015-06-01 23:42:46] BitMEX_Sam : sure looks like it
[2015-06-01 23:42:52] BitMEX_Arthur : I'm a believer in $20 oil
[2015-06-01 23:42:55] BitMEX_Arthur : before shit is done
[2015-06-01 23:45:01] BitMEX_Arthur : https://blog.bitmex.com/yo-yo-squeeze-or-core-meltdown-either-way-buy-bvol7d/
[2015-06-01 23:45:24] goat : sick will read in a few
[2015-06-01 23:45:35] goat : taking a break from cooking dinner while my girlfriend stuffs the dumplings
[2015-06-01 23:46:07] goat : ahh, read it quikc
[2015-06-01 23:46:15] goat : i like it a lot man, perfect way to tie the market action into your product
[2015-06-01 23:46:17] goat : good work
[2015-06-01 23:46:40] goat : i still have to read the documentation i was so busy this weekend
[2015-06-01 23:47:35] BitMEX_Arthur : the daily one is getting some love
[2015-06-01 23:47:39] BitMEX_Arthur : some guys already market making it
[2015-06-01 23:50:03] goat : nice
[2015-06-01 23:50:13] goat : were you able to speak with the guy i connected you with?
[2015-06-01 23:53:13] BitMEX_Arthur : Yes Max
[2015-06-01 23:53:18] BitMEX_Arthur : he is hopefully going to be mm soon
[2015-06-01 23:53:40] Kweejee : So moving from 1 to 2 mm?
[2015-06-01 23:54:38] BitMEX_Arthur : we have several people mm, they just all choose to do different contracts, we are putting a strong push towards our most leveraged contract
[2015-06-01 23:54:45] BitMEX_Arthur : our monthly XBT contract
[2015-06-01 23:54:50] BitMEX_Arthur : which will have the highest leverage
[2015-06-01 23:59:06] goat : BitMEX_Arthur: do i get to add him as a referral lol
[2015-06-01 23:59:53] BitMEX_Arthur : :)
[2015-06-02 00:00:30] goat : haha ok brb gotta finish cooking
[2015-06-02 00:03:16] goat : interesting paper btw, http://chicagounbound.uchicago.edu/cgi/viewcontent.cgi?article=1407&context=cjil
[2015-06-02 00:03:16] goat : brb
[2015-06-02 00:23:34] BitMEX_Arthur : goat: you are a wealth of good reading material
[2015-06-02 00:23:38] BitMEX_Arthur : i still need to get through that court cas
[2015-06-02 01:29:19] goat : yeah its really good man
[2015-06-02 02:45:00] joequant : IMF paper doesn't make sense. IMF has been pretty useless at ending speculative attacks and their isn't enough liquidity to do that.
[2015-06-02 03:26:13] SnackyCoins : Sam if you're around can you change me to Hedger please :)
[2015-06-02 03:33:59] BitMEX_Wally : SnackyCoins: I have updated that for you
[2015-06-02 03:34:12] SnackyCoins : Thanks Wally :)
[2015-06-02 03:34:34] BitMEX_Wally : In future we will allow people to switch between Trader/Hedger so long as they have no XBU*15 positions
[2015-06-02 03:34:53] BitMEX_Wally : BVOL24H, XBU24H, etc are all on different fee structures and can stay open
[2015-06-02 08:24:46] cengel : 2.33 minimum on `BVOL24H`, 3.5 hr to settle
[2015-06-02 08:38:27] BitMEX_Arthur : Decent number of trades today
[2015-06-02 09:40:23] cengel : holy shit, XBTZ15 moved hard
[2015-06-02 10:10:50] BitMEX_Arthur : cengel: yeah the basis got smacked today
[2015-06-02 10:11:27] cengel : i should have played it short at 280 when i saw you tweet it
[2015-06-02 10:11:31] cengel : seemed high as hell
[2015-06-02 13:50:59] Kweejee : Movement
[2015-06-02 13:51:04] BitMEX_Sam : bvol moving
[2015-06-02 14:37:56] joshuaf15 : yo
[2015-06-02 14:39:24] BitMEX_Sam : Hey Joshua
[2015-06-02 17:32:05] Kweejee : Die btc
[2015-06-02 17:43:30] cengel : `BVOL24H` becomes more fun to trade after 8 hr or so has gone by
[2015-06-02 17:58:58] Kweejee : 8hrs after settlement? @cengel
[2015-06-02 17:59:28] BitMEX_Sam : Once it evens out a bit it starts to become a little less speculative and more analysis-based
[2015-06-02 18:03:28] cengel : lol orderbook fun with auto-quoter
[2015-06-02 18:08:08] Murch : So the BVOL uses a rolling 24 hours until 6 hours past settlement, right?
[2015-06-02 18:10:35] cengel : right now it is using the sample vol starting from 12 GMT
[2015-06-02 18:11:53] cengel : http://i.imgur.com/jlzqo84.png
[2015-06-02 18:11:59] cengel : see the indic match my calc
[2015-06-02 18:14:19] cengel : but before that it uses the past 6 or 8 hours rolling 24 i think , id ont know
[2015-06-02 18:14:33] cengel : Wally knows exactly. but i dont find it a useful metric tbqh
[2015-06-02 18:17:57] Kweejee : Suggestion. When I'm on my mobile, theres no link on the front page to login. I have to click register and scroll to the bottom to click on "already have an account"
[2015-06-02 18:18:09] Kweejee : There should be a link next to register on the front page to login
[2015-06-02 18:18:57] cengel : i noticed that too. its some recent change they made
[2015-06-02 18:19:12] cengel : they like pictures of skyscrapers now
[2015-06-02 18:19:19] cengel : t night time
[2015-06-02 18:19:35] Kweejee : haha yeah, if i remember at some point there was actually a login button
[2015-06-02 18:19:39] Kweejee : but it disappeared
[2015-06-02 18:19:47] cengel : pictures of skyscrapers at night time is more important
[2015-06-02 18:20:28] cengel : i tease :P sam is good to respond to these things kweejee
[2015-06-02 18:20:57] Kweejee : BitMEX_Sam: ^^
[2015-06-02 18:25:08] Murch : cengel: aight thanks, so it's already matched up then.
[2015-06-02 18:25:35] cengel : Murch, matched up what u mean ?
[2015-06-02 18:25:56] Murch : For only the samples from post settlement prices.
[2015-06-02 18:25:59] cengel : 6 hours after contract starts the indicative = sample vol, so snaps from 12 GMT onward
[2015-06-02 18:26:00] cengel : yea
[2015-06-02 18:26:54] Murch : Okay so it's a lot more gradual than I initially thought. No jumpiness at the 6 hour mark.
[2015-06-02 18:28:32] cengel : in this case today yes
[2015-06-02 18:28:41] cengel : often though it will jump...
[2015-06-02 18:29:16] cengel : esp in cases where the volatility end of prior day was high and then really low after new contract
[2015-06-02 18:29:39] Murch : Oh I see what you're saying.
[2015-06-02 18:29:42] cengel : n vuce versa
[2015-06-02 19:04:59] BitMEX_Sam : Kweejee: Thanks, didn't realize the header links disappear on mobile
[2015-06-02 19:05:01] BitMEX_Sam : I'll fix it
[2015-06-02 19:05:32] Kweejee : Thanks!
[2015-06-02 19:05:35] BitMEX_Sam : cengel: Yeah BVOL24H indic settlement is rolling 6hr from 12:00 until 18:00 GMT
[2015-06-02 19:05:54] BitMEX_Sam : And those just aren't any pictures of skyscrapers in the night
[2015-06-02 19:06:06] BitMEX_Sam : That's HK, where Wally and Arthur live and where we all met
[2015-06-02 19:23:30] BitMEX_Sam : Kweejee: Okay, deploying a fix right now, should hit live in 1min, the login button is back. That's what I get for trying to oversimplify I suppose
[2015-06-02 19:24:05] Kweejee : I'd test it and let you know but I've been forced to turn my phone off due to a crazy ex
[2015-06-02 19:24:11] BitMEX_Sam : Hahaha
[2015-06-02 19:24:20] BitMEX_Sam : Have to run to a meeting. Back in an hour or so
[2015-06-02 19:24:39] cengel : maybe she's into trading btc
[2015-06-02 19:36:56] Kweejee : She has a passion for stalking
[2015-06-02 19:36:59] Kweejee : Not much else
[2015-06-02 19:37:08] Kweejee : The reason I took a travelling position at work
[2015-06-02 19:41:04] cengel : I'm an old guy, been through two wives, done playing that game
[2015-06-02 19:48:06] cengel : not that i went gay or anything but just the whole relationship thing
[2015-06-02 20:07:49] Kweejee : fair price getting rekt in the sideways
[2015-06-02 20:08:17] cengel : maybe we are returning to the last week "action"
[2015-06-02 20:08:36] cengel : minimum showin 1.01 so there's a long way to fall if it does keep going sideways, some decent bids up
[2015-06-02 20:09:15] Kweejee : limit down not showing anything
[2015-06-02 20:09:19] Kweejee : just a --
[2015-06-02 20:09:25] Kweejee : (on my end at least)
[2015-06-02 20:09:34] cengel : yea limit down is different from what minimum settlement is
[2015-06-02 20:09:50] cengel : limit down is this other cap thing they do
[2015-06-02 20:10:07] cengel : i'm talking about what is mathematically minimum possible settlement price if there's no more volatility
[2015-06-02 20:10:25] Kweejee : How do you calculate it
[2015-06-02 20:12:10] cengel : just pretend all the rest of the snaps are not moving
[2015-06-02 20:12:17] cengel : and calculate it as if
[2015-06-02 20:12:46] cengel : so if we have flatness until close it can be settling as low as 1.01
[2015-06-02 20:12:49] cengel : not less
[2015-06-02 20:18:35] cengel : selling volatility was profitable as hell last week
[2015-06-02 20:22:00] cengel : might be returnin to the days of snooze
[2015-06-02 20:51:51] Kweejee : BitMEX_Sam: The fix worked
[2015-06-02 23:24:54] BitMEX_Arthur : Morning
[2015-06-03 00:40:01] BitMEX_Arthur : https://blog.bitmex.com/dont-be-fooled-bitlicense-is-not-a-game-changer/
[2015-06-03 01:09:28] goat : sweet, will read after i eat
[2015-06-03 04:35:53] cengel : 1.26 minimum settle on `BVOL24H`. 7 hr to settlement
[2015-06-03 06:14:34] gaoMex : BitMEX_Arthur: Is the present value of .BVOL24H Index shown?
[2015-06-03 06:17:58] BitMEX_Arthur : Why do u think that
[2015-06-03 06:18:04] BitMEX_Arthur : Oh yes it is
[2015-06-03 06:18:11] cengel : I agree Bitlicense is shit. the whole Lawsky regulatory capture thing makes me sick
[2015-06-03 06:18:19] BitMEX_Arthur : The grey number under the symbol
[2015-06-03 06:18:35] BitMEX_Arthur : Called indicative settlement price
[2015-06-03 06:18:45] cengel : I understand in America this revolving door is particularly tolerated compared to here, but it gives me bad taste in my mouth to see it like this
[2015-06-03 06:19:57] cengel : gaomex - if the next 5.5 hr is flat then BVOL24H will settle at about 1.32
[2015-06-03 06:20:54] gaoMex : 1.51 now?
[2015-06-03 06:21:10] cengel : thats if the contract closed right this second
[2015-06-03 06:21:23] cengel : but there's still 5 hours of observations to be computed
[2015-06-03 06:21:44] gaoMex : cengel: Right.
[2015-06-03 06:22:58] cengel : so for example if you fill the 1.66 bid, it's not a pure arbitrage at all, you risk if there is suddenly big price moves to take a bath
[2015-06-03 06:24:08] cengel : though lately it has been quite profitable to bet on low volatility
[2015-06-03 06:24:16] gaoMex : I wonder why there is a premium now. Based on past volatility?