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.
But since it is still limited (neutered to the last few hundred messages) I will keep my FULL mirror alive.

You have access to more than 50 million trollbox posts. This is more than 7 gigabyte of data hosted on a $5 server so please be patient or consider a donation

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[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?
[2015-06-03 06:24:32] cengel : sometimes lazy marketmakers forget to drop orders :P
[2015-06-03 06:25:36] cengel : or someone ones to take a risk to bet that volatility will kick into high gear in the last few hours
[2015-06-03 06:26:50] gaoMex : Interesting product. Unique one as well since only Bitmex has it.
[2015-06-03 06:27:11] cengel : but generally you will see more a premium if volatility is low and theres more time left because it gives more time to have volatility hit
[2015-06-03 06:27:22] cengel : and also the lower the start point the more sensitive it is to any swings
[2015-06-03 06:30:10] gaoMex : Prefer more liquidity. Each contract only 0.0153BTC. Cant really bet much.
[2015-06-03 06:32:07] cengel : even better to start small
[2015-06-03 06:32:18] cengel : if everyone sits on sidelines to wait then it never gets going
[2015-06-03 06:33:21] gaoMex : Just put in some bids. Then someone up my bid. LOL.
[2015-06-03 06:33:56] cengel : thats how market works .P
[2015-06-03 06:34:28] cengel : bitmex is smart they have 0% maker so there's incentive for putting orders on the book
[2015-06-03 06:35:19] cengel : so ppl want more to be filled than to do filling
[2015-06-03 06:38:08] cengel : and the spreads have been tightening lately, people are starting to learn it
[2015-06-03 06:38:18] cengel : and also to learn that there's more than just buying volatility, lots of money on the table to sell volatility too
[2015-06-03 06:43:07] cengel : its also funny to sell volatility and cheer for BTC to stay flat.
[2015-06-03 06:43:16] cengel : makes sideways a bit more fun
[2015-06-03 06:43:26] BitMEX_Arthur : that's the goal
[2015-06-03 06:43:32] BitMEX_Arthur : getting a lot more trades
[2015-06-03 06:43:41] BitMEX_Arthur : i know the notional is small but people need to get comfortable
[2015-06-03 06:44:51] cengel : there's a long bias on VOL too, maybe you should incentivize people to place asks more
[2015-06-03 06:45:25] cengel : something like negative commission or whatever
[2015-06-03 06:45:27] BitMEX_Arthur : that's tricky cause upside is infinity
[2015-06-03 06:45:32] cengel : exactly..
[2015-06-03 06:45:50] cengel : a small incentive to push people to be more willing to throw asks up could make a difference
[2015-06-03 06:46:19] BitMEX_Arthur : I will ponder on that
[2015-06-03 06:46:39] cengel : because people are also more willing to throw asks up if there is already asks, so if it goes against you you can at least trade out of it at a small loss rather than rekt at settle
[2015-06-03 06:48:38] cengel : because it is very easy to convince traders to go long VOL, but not as much to say "bet on market to go sideways, and risk infinite loss!"
[2015-06-03 07:08:57] gaoMex : Check out Bitfinex. Some one/bot is snapping up BTC at seconds interview.
[2015-06-03 07:09:08] gaoMex : *interval
[2015-06-03 07:24:58] cengel : you mean to match with the 5min snaps for BVOL? that seems uneconomical
[2015-06-03 07:27:57] BitMEX_Arthur : We will have a great product when that starts happening
[2015-06-03 11:53:54] goat : BitMEX_Arthur: read your article
[2015-06-03 11:53:57] goat : im torn about today
[2015-06-03 11:54:14] BitMEX_Arthur : what is happening today
[2015-06-03 11:54:39] goat : the lawsky thing
[2015-06-03 11:54:49] goat : history leads me to believe that he isnt going to say anything good
[2015-06-03 11:55:03] goat : but if he was smart, he would pull the bitlicense proposal completely
[2015-06-03 11:55:35] goat : i just read your article
[2015-06-03 11:55:48] BitMEX_Arthur : why would he pull it
[2015-06-03 11:56:11] goat : bc it will make ny less competitive
[2015-06-03 11:56:32] goat : idk, i dont think he was ever planing on going through with it fully
[2015-06-03 11:56:43] goat : i think his career move was to take that job that the princeton professor got at the white house
[2015-06-03 11:56:54] BitMEX_Sam : Morning
[2015-06-03 11:56:56] BitMEX_Sam : Settlement in 4min
[2015-06-03 11:56:57] goat : and then he was going to go for a "federal" bitlicense
[2015-06-03 11:57:01] goat : good morning
[2015-06-03 11:57:15] goat : but that obvi didnt happen, so im confused as to what his next steps are
[2015-06-03 11:59:05] goat : yesterday was the shittiest trading day ever
[2015-06-03 11:59:33] BitMEX_Arthur : y is that
[2015-06-03 11:59:34] goat : real life collided with every trading opportunity
[2015-06-03 11:59:46] goat : so i lost .06 btc in fees to gain nothing :(
[2015-06-03 12:00:13] goat : and bc bfx increased my fees bc i havent traded there a lot recently
[2015-06-03 12:02:23] goat : its not about the amount of money (it was like nothing), its about the effort of sitting there for hours trading and then as soon as i had real life stuff to do the market moved lol... just frustrating
[2015-06-03 12:04:48] BitMEX_Sam : I know what you mean,
[2015-06-03 12:04:56] BitMEX_Sam : That's a big part of why I don't daytrade anymore
[2015-06-03 12:05:20] BitMEX_Sam : That and well... other responsibilities
[2015-06-03 12:05:50] goat : i only day trade bc i have to be in front of the computer for my business all day anyway
[2015-06-03 12:06:06] goat : bc we deal with people all over the US and europe
[2015-06-03 12:07:19] cengel : i only daytrade because i haven't found Jesus yet
[2015-06-03 12:07:25] goat : hahahaha :D
[2015-06-03 12:07:32] goat : and he will tell you to buy and hodl?
[2015-06-03 12:07:46] cengel : oh yea, Jesus is a fuckin bagholder
[2015-06-03 12:08:33] goat : so i emailed nanex to see if they can help with my okc investigation
[2015-06-03 12:08:41] BitMEX_Arthur : In the name of the father, the son and the HOLD FUCKING GHOST
[2015-06-03 12:08:48] BitMEX_Arthur : *HOLY
[2015-06-03 12:08:48] Kweejee : lmaoo
[2015-06-03 12:08:49] goat : if they need money im going to crowdfund it
[2015-06-03 12:09:06] cengel : goat, thats what the scene needs right now, a true journalist to dig into what the fuck is going on at OKC
[2015-06-03 12:09:19] BitMEX_Arthur : everyone knows what is going on
[2015-06-03 12:09:22] BitMEX_Arthur : it's obvious
[2015-06-03 12:09:23] goat : i already uncovered some really sketchy stuff
[2015-06-03 12:09:28] BitMEX_Arthur : but people don't learn until they are goxxed
[2015-06-03 12:09:35] goat : 0% conspiracy i already uncovered some shit