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.

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[2015-06-06 12:03:52] cengel : BitMEX_Sam: is it possible to make the font of the order controls editable by user? its hard to see the decimal sometimes
[2015-06-06 12:36:19] cengel : anyone get errors using the Excel addon? there might be a memory leak in it
[2015-06-06 19:58:04] SnackyCoins : @cengel press F11 in chrome, click the "console" tab and paste this/press enter $('.orderControls').css('font-family', 'arial');
[2015-06-06 19:58:31] SnackyCoins : you can change the font to uh... whatever happens to be loaded :P
[2015-06-06 19:59:06] SnackyCoins : (i like the font) (also the movement of the wallet button & others was a good change)
[2015-06-06 21:12:30] cengel : SnackyCoins: font-size not working? i'm just having trouble seeing the decimal at times
[2015-06-06 21:12:45] cengel : $('.orderControls').css('font-family','Arial');
[2015-06-06 21:12:52] cengel : $('.orderControls').css('font-size','18);
[2015-06-06 21:36:26] SnackyCoins : $('.orderControls').css('font-size', '150%'); works for me
[2015-06-06 21:37:02] SnackyCoins : you are missing a ' and a measurement in yours (px, em)
[2015-06-06 21:37:34] cengel : no the textbox oesnt change tho
[2015-06-06 21:37:49] cengel : i mean for textbox
[2015-06-06 21:37:54] SnackyCoins : you want the text in the textbox or the calculations next to it?
[2015-06-06 21:38:02] cengel : textbox
[2015-06-06 21:38:52] SnackyCoins : $('.form-control').css('font-size', '150%');
[2015-06-06 21:39:03] SnackyCoins : also this changes the chatbox size lol
[2015-06-06 21:40:20] cengel : ah okay its form-control
[2015-06-06 21:40:23] cengel : was trying a bunch of others
[2015-06-06 21:40:25] cengel : thx
[2015-06-06 21:40:40] SnackyCoins : yeah the <input> element
[2015-06-06 21:40:46] SnackyCoins : err < input >
[2015-06-06 21:40:47] cengel : need to find a font that accenuate the decimal since i can't change it to comma
[2015-06-06 21:41:15] cengel : comma is better
[2015-06-06 21:41:24] SnackyCoins : european eh? :)
[2015-06-06 21:41:28] cengel : yes
[2015-06-06 21:41:45] cengel : and im an oldie so to see the dot isdifficult sometimes
[2015-06-06 21:42:53] cengel : bc even with font-weight bold and font-size 16 it doenst feel right on Times or Arial
[2015-06-06 21:43:20] cengel : unless you know of some way on client side to change this to comma? :)
[2015-06-06 21:45:32] SnackyCoins : uhhh maybe some complex function of on key press -> replace ;) but then the site wouldn't accept the comma as valid anyway
[2015-06-06 21:46:29] cengel : and it doesnt save the css changes so i guess i will just autorun on load
[2015-06-06 21:46:59] SnackyCoins : yeah if you refresh it reverts, i believe you can make a bookmark out of that code though
[2015-06-06 21:47:25] SnackyCoins : does chrome's zoom function help?
[2015-06-06 21:48:03] cengel : nah because it's not so much i can't read the letters its just the decimal doesnt stick out enough
[2015-06-06 21:48:36] cengel : this dot is mean only to close sentences and show thousandths
[2015-06-07 03:47:38] Murch : cengel: If you're worried that you might accidentally put in an order that's way larger than you meant to, try making a habit of pressing the arrows on the side before you submit.
[2015-06-07 07:58:12] cengel : :/
[2015-06-07 08:24:31] Murch : For example if you wanted to buy BVOL for 1.1 and accidentally put 11, after you press the up arrow it'll display 11.01 so you'll know you put in the wrong amount.
[2015-06-07 08:24:47] Murch : If that's not the issue then disregard what I said.
[2015-06-07 08:33:40] cengel : no it is it's just...lets say very suboptimal when i should be able to use comma :P
[2015-06-07 08:45:40] cengel : but i do appreciate the tip :)
[2015-06-07 09:12:14] Murch : Ah okay I get what you mean. No problem, hopefully there's a way to make the decimals bigger or use a comma as you said.
[2015-06-08 03:03:41] BitMEX_Sam : Murch: Loud and clear, I've been wanting to integrate the new `Intl` browser spec into the app
[2015-06-08 03:03:55] BitMEX_Sam : So we'd auto-detect your locale and do the proper comma/decimal conversions as necessary
[2015-06-08 03:04:04] BitMEX_Sam : And you'd be able to enter both into the price box.
[2015-06-08 03:05:16] BitMEX_Sam : That's going to take some upgrades to our infrastructure to shim the spec for old browsers but I'll push it through. In the meantime I'll make the text in the price box easier to read
[2015-06-08 03:24:39] goat : I listened to the ts thing you guys did, good work.
[2015-06-08 03:26:12] BitMEX_Arthur : we are hard at work on a more simple ui and higher leverage for the XBT contracts
[2015-06-08 03:26:31] goat : nice, neither of those bother me though lol
[2015-06-08 03:26:47] goat : high leverage is suicide in the current market conditions imo and i like the ui
[2015-06-08 03:26:50] BitMEX_Arthur : tru but we need more warm bodies for you to trade against
[2015-06-08 03:27:01] goat : hahaha i need to revisit my trading strategy
[2015-06-08 03:27:30] goat : well my bitmex strategy
[2015-06-08 03:27:49] goat : i started the bvol documentation which is good
[2015-06-08 03:28:24] goat : bc these margin longs are going to be be weighing on us for the forseeable future
[2015-06-08 03:28:41] goat : were going to need a massive amount of money pumped in or some massive macro economic event
[2015-06-08 03:28:51] goat : to save the longs
[2015-06-08 03:30:01] goat : i thought we would at least be in the high 200s by now... that evo dump really hurt the bulls... bears took full advantage of it
[2015-06-08 05:31:55] goat : BitMEX_Arthur: i read the bvol docs and looked through the spreadsheets you guys provided, nice stuff
[2015-06-08 05:32:24] goat : you should include that "refresh data" button on every tab i think, where it is relevant
[2015-06-08 05:45:54] goat : it doesn;t look like the data is updating though
[2015-06-08 07:11:00] cengel : BitMEX_Sam: that would be a great update for those of us partial to commas :)
[2015-06-08 08:42:45] cengel : or those of us old fart who sometimes cant see dot in tex
[2015-06-08 11:06:24] ksinvest : you got a local link in the Websocket API Docs http://localhost:2001/app/restAPI#authentication
[2015-06-08 13:44:54] BitMEX_Sam : XBTM15 spread is very tight this morning
[2015-06-08 15:57:00] goat : bfx looking like they are ready to bring down the hammer
[2015-06-08 15:57:13] BitMEX_Arthur : what do u mean
[2015-06-08 16:09:38] goat : not the exchange, whoever is trading on it
[2015-06-08 16:09:59] BitMEX_Arthur : shorts got scurred
[2015-06-08 16:10:07] BitMEX_Arthur : by a 2% move against them
[2015-06-08 16:10:10] goat : this behavior has been going on the last few days... they are either herding people into selling to them so they can go long or someone is trying to push out those margin long
[2015-06-08 16:10:43] BitMEX_Arthur : the shorts don't seem to have much conviction once the price starts going sideways
[2015-06-08 16:11:08] goat : nope, longs do though hahaha you can see by the amount swaps increase
[2015-06-08 16:11:10] goat : its redic
[2015-06-08 16:11:32] BitMEX_Arthur : well infinite upside means you can afford to be patient
[2015-06-08 16:11:50] goat : yeah, agreed 100% (and i liked that post you wrote about it a few months ago)
[2015-06-08 16:12:25] goat : but they aren't using their money as effectively as possibly
[2015-06-08 16:12:29] goat : as possible
[2015-06-08 16:12:56] goat : idk, the smart thing imo on bfx is to get out of a position if it starts to move against you quickly
[2015-06-08 16:13:20] goat : like i told you before, i think something like bitmex is better for hedging those moves to the possible infinite upside and waiting
[2015-06-08 16:19:00] BitMEX_Sam : cengel: I adjusted the font on the order controls for you. Comma, etc., will come later once we make some upgrades for proper internationalization
[2015-06-08 16:19:53] cengel : yea this font is better, thx
[2015-06-08 16:20:47] BitMEX_Sam : Great
[2015-06-08 16:22:24] goat : BitMEX_Sam: do the bvol spreadsheets only update periodically?
[2015-06-08 16:22:43] BitMEX_Arthur : goat: I suggest using the excel plugin
[2015-06-08 16:22:44] goat : even when i click refresh data, it doesn't always show all of the new data
[2015-06-08 16:22:45] BitMEX_Sam : Yeah, it appears Google Sheets has changed something and they're not updating as quickly as they should
[2015-06-08 16:22:51] BitMEX_Sam : They do some really heavy caching
[2015-06-08 16:22:57] goat : BitMEX_Arthur: ok cool, does it work with os x?
[2015-06-08 16:23:08] goat : i had trouble with importing values into excel before
[2015-06-08 16:23:10] BitMEX_Sam : I worked around it by changing the url with a meaningless query param on every refresh, but it appears they've figured that out too
[2015-06-08 16:23:19] goat : BitMEX_Sam: and awesome, thank you for the info
[2015-06-08 16:23:23] BitMEX_Arthur : It's a real-time plugin
[2015-06-08 16:23:38] BitMEX_Arthur : So you add it to your addins
[2015-06-08 16:23:44] goat : ok i will look into it
[2015-06-08 16:24:23] BitMEX_Sam : goat: in the meantime if you want to force data to fetch, you can add another query param, like `&v=1` which will change it just enough to bust google's cache
[2015-06-08 16:24:23] goat : i ordered another monitor to learn programming better on, it came so im going to try to dig deeper into this stuff
[2015-06-08 16:24:46] BitMEX_Sam : in any case excel shouldn't have any of these problems
[2015-06-08 16:24:52] goat : ok awesome
[2015-06-08 16:24:56] BitMEX_Arthur : excel is the best solution
[2015-06-08 16:25:07] BitMEX_Arthur : the stuff you can build is way more robust
[2015-06-08 16:25:17] goat : ok
[2015-06-08 16:25:53] goat : so from everything i read, it might be interesting to make a bvol arb bot
[2015-06-08 16:26:15] goat : to check for opportunities right before it closes every day
[2015-06-08 16:27:06] goat : i was keeping an eye on it today before settlement, looked like there were some bids for .04 above where it settled about 10-15 mins before settlement
[2015-06-08 16:28:09] BitMEX_Sam : Yeah there's probably something there
[2015-06-08 16:28:14] goat : im assuming the market maker is programmed to auto adjust, but you could take on minimal risk if you are willing to hold the contracts for a short period of tim
[2015-06-08 16:29:05] goat : the r/r for holding them for say 30 mins or less might be worth it, the only downside is that they are so illiquid you can't exit the position if it starts to REALLY move against you... but i think that would be unlikely if you only hold for 30 mins or so bc its the average ver the last 24 hours
[2015-06-08 16:39:36] j8 : standard deviation is more like a root-mean-square average though. so its extra sensitive to one extreme 5-minute candle before settlement
[2015-06-08 16:43:02] goat : j8: i saw that in the documentation .BVOL Index = Stdev(Ln(P1/P0), Ln(P2/P1), ..., Ln(P288/P287)) * Sqrt(288)
[2015-06-08 16:44:22] goat : i have a lot of work to do obviously... just thinking out loud
[2015-06-08 16:45:02] j8 : yeah so each of the Ln(p1/p0)... is basically the percent change every 5 mins
[2015-06-08 16:46:17] goat : right, new period pricing/last period pricing
[2015-06-08 16:48:25] goat : what would be interesting is if you used the same formula to determine the bvol for other exchanges during the same time period and compare them to what is happening on bfx.. have the algorithm make an assessment on risk
[2015-06-08 16:49:17] goat : if they are all low and around the same value, i would think that risk goes down excluding an unusal event
[2015-06-08 16:49:37] j8 : Yeah, there's some peculiarities based on how its measured at 5 minute close.
[2015-06-08 16:49:59] j8 : it doesn't count wicks, for example.
[2015-06-08 16:51:27] goat : true, interesting to think about as well
[2015-06-08 16:51:45] j8 : the wick to 229.23 a couple days ago could have raised the volatility a lot if it was timed at the 5 minute close
[2015-06-08 16:54:12] goat : lol even more interesting thoughts now
[2015-06-08 16:55:11] goat : so depending on different players role in the market place, they could really use bvol to their advantage
[2015-06-08 17:01:03] j8 : here's another thing. the stddev is relative to the mean of the log changes
[2015-06-08 17:03:07] j8 : so if the price is increasing all day, downward candles have more effect
[2015-06-08 17:04:57] j8 : and it's possible that the volatility goes up when the price stops moving. i.e. if 0 is far from the mean
[2015-06-08 17:15:36] cengel : J8, in practice this will almost never be so
[2015-06-08 17:16:02] cengel : because average chg between 5min snaps would have to be so much
[2015-06-08 17:16:08] cengel : and it never behaves this way
[2015-06-08 17:18:49] j8 : its true, it probably won't go up, but it won't go down as much as it could if it continued the trend. the effect of the mean is not negligible near the end of the day, if there was overall movement that day
[2015-06-08 17:37:25] j8 : more importantly - there's a limit to how fast it can decrease. there's no limit on how much it can increase in a single candle, and the square in the stddev makes it happen even faster for extreme values
[2015-06-08 18:08:37] chrisxbt : that's why there's usually a premium on BVOL
[2015-06-08 18:08:54] cengel : and why you see so many bids below a certain point ;)
[2015-06-08 18:09:24] chrisxbt : what is this liquidity you speak of
[2015-06-08 19:04:40] cengel : case in point, @j8 , right now `BVOL24H` _cant_ settle below 1.35 , but almost entire bid side of order book is below there
[2015-06-08 19:13:12] j8 : yeah true dat. i get 1.34 for a lower bound, double checking my calcs
[2015-06-08 19:32:15] j8 : just a matter of rounding, and using the mean or 0
[2015-06-08 19:32:36] cengel : yea i put both on my spreasheet
[2015-06-08 19:37:56] cengel : j8: http://i.imgur.com/mpvnZ5T.png
[2015-06-08 19:40:29] j8 : nice excel.. do you calculate the same indicative settlement price as on the site? i get something that is different at the start of the session, i'm not sure how they are doing it
[2015-06-08 19:41:33] cengel : 6 hour rolling for the first 6 hr
[2015-06-08 19:41:50] cengel : so at very beginning it catches past 6 hour volume
[2015-06-08 19:42:28] j8 : ok, that explains it.
[2015-06-08 19:42:28] cengel : so it will match after 20CET
[2015-06-08 19:47:02] j8 : you're using the bitmex excel plugin i imagine?
[2015-06-08 20:06:10] cengel : only for the orderbook part
[2015-06-08 20:06:33] cengel : where it shows the active bids/offers
[2015-06-08 20:06:47] cengel : rest is just VBA and using their API
[2015-06-08 20:07:44] j8 : i see. i'm doing similar in matlab at the moment
[2015-06-08 21:33:24] cengel : yea i started off in R but Excel is just more convenient UI wise, at least when it got to a certain level
[2015-06-08 21:34:25] cengel : because I was playing with GARCH estimations and seeing if any specifications produced worthwhile results but not quite
[2015-06-08 22:08:37] j8 : just googled that, interesting, i've been trying to investigate some things related to time-varying variance and autocorrelation
[2015-06-09 02:57:24] SnackyCoins : You around sam?
[2015-06-09 03:03:46] BitMEX_Sam : Yeah what's up @SnackyCoins
[2015-06-09 03:04:27] SnackyCoins : the realized P&L on your positions, this is cumulative lifetime earnings yeah?
[2015-06-09 03:04:34] SnackyCoins : per contract?
[2015-06-09 03:04:56] SnackyCoins : last column on each row
[2015-06-09 03:05:43] BitMEX_Sam : Yes
[2015-06-09 03:06:11] SnackyCoins : Is there any chance of having this displayed somewhere like the contract info box, so i can see it without having to have an open position? :)
[2015-06-09 03:06:43] BitMEX_Sam : Hmm not sure. We have a bit of a real estate problem in that box already
[2015-06-09 03:07:05] BitMEX_Sam : Trying to stick in the minimum useful set without overcrowding it. But I see what you mean, that's a useful #
[2015-06-09 03:07:25] SnackyCoins : it doesnt even have to be on this page, like a rolling total on the trade history page would be cool too
[2015-06-09 03:07:43] BitMEX_Sam : It's on the Closed Positions tab as well
[2015-06-09 03:07:43] SnackyCoins : i am just a bit lazy to do a csv export in order to figure it out :P
[2015-06-09 03:07:59] SnackyCoins : oh snap, it sure is
[2015-06-09 03:08:06] SnackyCoins : haha okay thanks :)
[2015-06-09 03:08:13] BitMEX_Sam : Oh great. Glad that works for you
[2015-06-09 03:08:26] SnackyCoins : as long as these lines never expire, yeah it's great
[2015-06-09 03:08:59] BitMEX_Sam : No, they always show up; relisting contracts are in closed along with active contracts where you have 0 position, all others move to expired once they've been unlisted
[2015-06-09 03:09:11] BitMEX_Sam : So to answer your question: yeah, they'll be there
[2015-06-09 03:15:34] SnackyCoins : cool :) then yes i am "all good"
[2015-06-09 07:37:16] cengel : some nice morning moves here, BVOL running
[2015-06-09 07:38:53] cengel : BVOL bulls finally getting a payday :)
[2015-06-09 10:54:05] BitMEX_Arthur : yep
[2015-06-09 11:37:33] goat : doesnt look loke there is a bvol arb opportunity today though
[2015-06-09 11:37:43] goat : i just woke up so my head is still fuzzy
[2015-06-09 11:37:51] goat : but wanted to check this again before settlement
[2015-06-09 11:48:43] cengel : i had some bids up that were above minimum but i dropped them
[2015-06-09 13:09:03] goat : http://shitco.in/2015/06/09/x-the-future-of-food-supply-chains/
[2015-06-10 09:29:04] Lord_Ashdrake : :( i dont get an email
[2015-06-10 09:29:11] Lord_Ashdrake : when i try to make an account
[2015-06-10 09:29:12] Lord_Ashdrake : HALP!
[2015-06-10 09:33:30] BitMEX_Wally : Lord_Ashdrake: Looking into it for you
[2015-06-10 09:36:44] BitMEX_Wally : Your email address is of the form ****.*.****@gmail.com?
[2015-06-10 09:37:54] Lord_Ashdrake : yes
[2015-06-10 09:38:10] BitMEX_Wally : Check your spam folder etc, etc.
[2015-06-10 09:38:14] BitMEX_Wally : I'll check what happened our end
[2015-06-10 09:38:20] Lord_Ashdrake : i did
[2015-06-10 09:38:22] BitMEX_Wally : Cool
[2015-06-10 09:38:26] Lord_Ashdrake : before i asked :)
[2015-06-10 09:43:00] BitMEX_Wally : Ok, try requesting a resend of the verification email
[2015-06-10 09:43:08] BitMEX_Wally : We rejected the first request because it's rate limited to 5 minutes
[2015-06-10 09:44:54] Lord_Ashdrake : okay
[2015-06-10 09:44:55] Lord_Ashdrake : 1 sec
[2015-06-10 09:46:10] Lord_Ashdrake : okay
[2015-06-10 09:46:13] Lord_Ashdrake : i'm waiting on an email
[2015-06-10 09:47:31] Lord_Ashdrake : still waiting
[2015-06-10 09:49:05] BitMEX_Wally : Logged in ok now?
[2015-06-10 09:49:13] Lord_Ashdrake : didnt get it
[2015-06-10 09:49:14] Lord_Ashdrake : :(
[2015-06-10 09:49:47] Lord_Ashdrake : nope still cant log in
[2015-06-10 09:56:06] BitMEX_Wally : Hmmm, sorry about this
[2015-06-10 09:56:20] BitMEX_Wally : Did you get an email?
[2015-06-10 09:59:23] Lord_Ashdrake : yes
[2015-06-10 09:59:25] Lord_Ashdrake : finally now it works
[2015-06-10 09:59:26] Lord_Ashdrake : thanks
[2015-06-10 09:59:51] Lord_Ashdrake : time to move some money over there and long the bvol and short the yearly contract or wtv u guys have there at 252
[2015-06-10 09:59:52] Lord_Ashdrake : lelelele
[2015-06-10 10:00:28] Ashdrake : hmm
[2015-06-10 10:01:00] BitMEX_Wally : Ashdrake: It looks like one of the emails you clicked on had a stale confirmation link in
[2015-06-10 10:01:30] BitMEX_Wally : Were the emails just slow in getting delivered?
[2015-06-10 10:01:31] Ashdrake : yeah i am not sure exactly what happened with that
[2015-06-10 10:01:37] Ashdrake : very slow
[2015-06-10 10:02:07] Ashdrake : first email came after 20 minutes
[2015-06-10 10:02:09] Ashdrake : or more
[2015-06-10 10:02:16] BitMEX_Wally : If you could forward the complete email (with headers) to support@bitmex.com that would be very helpful
[2015-06-10 10:02:38] Ashdrake : erm sorry i'm dumb, basically i just click forward email in gmail and forward that to you?
[2015-06-10 10:04:26] BitMEX_Wally : Open the email in Gmail, and next to the "(5 minutes ago)" text there is the reply button. Next to that is a downward arrow
[2015-06-10 10:04:41] BitMEX_Wally : Click on that and choose "Show original"
[2015-06-10 10:05:13] Ashdrake : ahh
[2015-06-10 10:05:16] Ashdrake : and i paste that
[2015-06-10 10:05:18] Ashdrake : and send it an email
[2015-06-10 10:05:20] BitMEX_Wally : Yes please
[2015-06-10 10:05:25] Ashdrake : sure
[2015-06-10 10:05:41] BitMEX_Wally : Great, this really helps us get to the bottom of these delivery issues
[2015-06-10 10:06:17] Ashdrake : sent
[2015-06-10 10:08:42] Ashdrake : i'm trying to find asome info on the website, when exactly are the 8h trading sessions ending?
[2015-06-10 10:09:53] BitMEX_Wally : Ashdrake: At 00:00, 08:00, 16:00 GMT. So the current session ends in 2 hours time
[2015-06-10 10:10:19] Ashdrake : thank u
[2015-06-10 12:26:29] goat : jpy got rekt last night
[2015-06-10 12:26:44] goat : the move took like 15 m too so you could have jumped in mid dump
[2015-06-10 12:26:47] goat : i didnt :(
[2015-06-10 13:07:06] Lord_Ashdrake : only trading eurusd and btc
[2015-06-10 13:07:16] Lord_Ashdrake : usdjpy only when i have uncle analysis
[2015-06-10 13:13:30] BitMEX_Arthur : Where is usdjpy now
[2015-06-10 13:19:12] goat : 122.69
[2015-06-10 13:19:33] goat : down from 124.6 before the dump
[2015-06-10 13:19:57] goat : i think thats more volatile than btc over the same time period :D
[2015-06-10 13:20:16] BitMEX_Sam : Yeah btc is in a slump without a doubt
[2015-06-10 13:20:51] BitMEX_Sam : If Nov 2013 hadn't happened people would still be excited about bitcoin in the 200s
[2015-06-10 15:29:33] cengel : starting to think the proper play is just selling volatility all summer
[2015-06-11 00:55:10] zoso1964 : can you push my withdrawal thru now?
[2015-06-11 00:57:57] BitMEX_Arthur : zoso1964: Withdrawals are processed every day at 12:00 GMT, if we can get it done before hand we will do so, but I can't make any promises
[2015-06-11 00:58:31] zoso1964 : thanks
[2015-06-11 13:00:25] BitMEX_Arthur : Hot off the press
[2015-06-11 13:00:26] BitMEX_Arthur : https://blog.bitmex.com/bitcoin-volatility-compression/
[2015-06-11 13:00:57] goat : you should increase the chart size
[2015-06-11 13:01:01] goat : so you dont have to click on it to read it
[2015-06-11 13:02:05] BitMEX_Arthur : thx done
[2015-06-11 13:02:58] goat : looks good now, and good article
[2015-06-11 13:03:55] goat : i think that a lot of the lack of volatility has to do with people leaving okc, and people not wanting to trade on bfx as much bc of the high fees
[2015-06-11 13:04:05] goat : okc can only trade with themselves so much
[2015-06-11 13:04:13] goat : and everyone is on 1broker now
[2015-06-11 13:04:17] goat : bc fx is going wild lol
[2015-06-11 13:07:04] BitMEX_Arthur : YEAH
[2015-06-11 13:07:09] BitMEX_Arthur : 200x with 13% vol
[2015-06-11 13:07:16] BitMEX_Arthur : gets u some good returns
[2015-06-11 13:07:18] BitMEX_Arthur : and rekt
[2015-06-11 13:09:42] goat : it only reks people who are dumb with risk management
[2015-06-11 13:10:04] goat : you can only lose what you risk
[2015-06-11 13:10:07] goat : obvi
[2015-06-11 13:10:31] BitMEX_Arthur : 200x only takes 0.5%, and that's before you pay the daily funding and the spread
[2015-06-11 13:10:47] BitMEX_Arthur : u most likely will lose all ur money with that leverage over time
[2015-06-11 13:11:16] goat : i agree man, if thats the only thing you trade
[2015-06-11 13:11:35] goat : ill only trade fx for events or just scalp a little when im bored if btc is flat and other markets are closed
[2015-06-11 13:12:44] goat : i think the only traders that haven't been margin called yet in btc are just bored lol
[2015-06-11 13:13:23] goat : pretty much anyone thats left as a trader has to be a halfway decent trader, everyone else got rekt and is hodling the rest of their stash or wants nothing to do with btc lol
[2015-06-11 13:13:48] BitMEX_Arthur : until it starts gyrating
[2015-06-11 13:13:52] BitMEX_Arthur : gamblers like to gamble
[2015-06-11 13:14:14] goat : true, then they mortgage their newborn kids they had to replace the ones they lost during the 2013 bubble
[2015-06-11 13:19:28] BitMEX_Arthur : lol
[2015-06-11 17:24:31] goat : http://fiatobituaries.com/
[2015-06-11 18:40:30] Murch : If I were to withdraw funds right now would I have to wait like 12+ hours?
[2015-06-11 20:18:02] BitMEX_Sam : Murch: Yes, withdrawals will be processed at 12:00 GMT, it is 20:17 GMT right now
[2015-06-11 20:18:28] BitMEX_Sam : Occasionally if there is one pending for a while we will process it sooner, but since it requires a majority of partners to be online that doesn't always happen before 12
[2015-06-11 20:34:45] Murch : BitMEX_Sam: Okay makes sense, thanks.
[2015-06-11 20:41:35] chrisxbt : bitmex do you have a monthly XBT futures?
[2015-06-11 20:42:45] chrisxbt : its either only quarterly, or monthly and quarterly.
[2015-06-11 20:42:55] chrisxbt : I think you should add bimonthly
[2015-06-11 20:44:12] BitMEX_Sam : both XBT and XBU series have monthly, quarterly, and biquarterly
[2015-06-11 20:45:10] chrisxbt : have you thought about adding two month so that it can roll into monthly
[2015-06-11 20:45:36] chrisxbt : june and september is a big difference
[2015-06-11 20:46:37] BitMEX_Sam : We have previously listed them, I believe this month rolled over and we haven't yet listed the July future, I will check with Arthur
[2015-06-11 20:47:43] chrisxbt : ah, will you list the july one on the 15th or something?
[2015-06-11 20:49:30] BitMEX_Sam : Likely, I will need to check with Arthur to confirm, he has been handling the listings
[2015-06-11 21:25:40] chrisxbt : okay
[2015-06-12 03:11:43] BitMEX_Arthur : chrisxbt: We will list July 1 week before June expiry
[2015-06-12 03:12:38] Murch : This is some freakishly low volatility today haha
[2015-06-12 03:19:02] j8 : i'll say.
[2015-06-12 03:20:56] j8 : could have some action around okc settlement. or not.
[2015-06-12 04:03:42] Murch : Will bitcoin ever do anything again? Find out on the next episode of dragon baaalll Z~~
[2015-06-12 04:05:07] BitMEX_Sam : Ahahaha
[2015-06-12 04:07:00] Murch : BitMEX_Sam: Hahah didn't that used to piss you off? A week was a long fucking time as a child.
[2015-06-12 04:07:21] BitMEX_Sam : Sure was
[2015-06-12 04:08:04] Murch : Not to mention how many times they seemed to roll back from the beginning of buu saga all the way back to the start of the frieza saga.
[2015-06-12 04:08:27] BitMEX_Sam : To be honest, didn't watch that much of it
[2015-06-12 04:09:09] Murch : Oh, I think I religiously watched that stuff. Must have seen it three times by the time the series actually finished on TV.
[2015-06-12 04:09:26] Murch : A time before the ubiquitous internet.
[2015-06-12 04:10:03] BitMEX_Sam : Yeah it's hard to believe how little time it's been possible to download & look up all these things online
[2015-06-12 04:10:34] Murch : Indeed. Makes me really excited for the next couple of decades.
[2015-06-12 04:27:29] BitMEX_Arthur : I love me some anime
[2015-06-12 04:27:45] BitMEX_Arthur : It was agony waiting for dragon ball episodes when I was a kid
[2015-06-12 04:40:20] Murch : For real man
[2015-06-12 04:41:06] Murch : Those script writers definitely knew how to troll.
[2015-06-12 06:03:52] ilikepies69 : BitMEX_Arthur: hi Arthhur, i have a question re bvol7d: i have a contract that i bought at 3.50 but it is showing negative upnl while the bvol7d is currently at 3.78. am i missing something?
[2015-06-12 06:08:28] cengel : the indicativei s 3.2, last sale is 3.78, unrealised pnl is marked by former
[2015-06-12 06:10:08] ilikepies69 : where is the indicative & why is it lower than last sale?
[2015-06-12 06:10:24] BitMEX_Wally : cengel: The speculative contracts are marked to `fairPrice` which is `indicativeSettlePrice` plus `fairBasis`
[2015-06-12 06:10:26] cengel : because bitcoin is ded
[2015-06-12 06:10:44] BitMEX_Wally : ilikepies69: That message was for you, sorry
[2015-06-12 06:11:55] BitMEX_Wally : ilikepies69: In the "Selected Contract" widget at the top
[2015-06-12 06:12:25] ilikepies69 : the grey value?
[2015-06-12 06:12:39] BitMEX_Wally : Yes, hover over it for a tooltip
[2015-06-12 06:13:32] ilikepies69 : i c, thnx.
[2015-06-12 06:13:44] BitMEX_Wally : We mark these contracts to `fairPrice` to prevent people from manipulating the price and forcing margin calls
[2015-06-12 06:16:00] ilikepies69 : ok, so in future i should pay attention to mark price... but considering i m more used to reading the chart and order book, it seems a bit misleading...
[2015-06-12 06:17:00] ilikepies69 : maybe mark price should be more prominent
[2015-06-12 06:19:32] BitMEX_Arthur : ilikepies69: just to be clear the mark price has no effecr on your realised pnl
[2015-06-12 06:20:42] cengel : except we're settling in 6 hours and it will likely be near current indicative anyway
[2015-06-12 06:21:32] ilikepies69 : is fairprice & mark price not the same, they are same value atm
[2015-06-12 06:21:33] BitMEX_Arthur : True but you can still trade out at a more favourable price
[2015-06-12 06:21:58] cengel : highest bid is below indic atm
[2015-06-12 06:22:07] cengel : or else i'd be trading out of my losing position too lol
[2015-06-12 06:22:15] BitMEX_Arthur : Mark price can either be last traded price or fair price depending on the type of contract
[2015-06-12 06:22:47] BitMEX_Arthur : As Wally said we use fair price to stop manipulation of speculative contracts
[2015-06-12 06:24:55] ilikepies69 : ok, it seems i need to go back and read more carefully as its still too confusing to me.
[2015-06-12 06:30:50] BitMEX_Wally : ilikepies69: Let us know if you have any questions or suggestions, we're happy to help
[2015-06-12 06:35:41] cengel : BitMEX_Wally: iokay so it's indic + fairbasis, but sin't fairbasis = 0 ? my BVOL7D indic matches your fair price at 3.18
[2015-06-12 06:36:06] BitMEX_Wally : Because we're so close to expiry, yes fairBasis=0
[2015-06-12 06:36:44] cengel : how is the fairbasis calculated then? i guess i missed when that number changed from indic to fair
[2015-06-12 06:37:29] BitMEX_Wally : Take `XBTZ15` for example, the `indicativeSettlePrice` is `229.44` and the `fairBasis` is `30.84` so the `fairPrice` is 260.28
[2015-06-12 06:37:50] BitMEX_Wally : `fairBasis` is calculated from the `fairBasisRate` which is currently set as `25%`
[2015-06-12 06:38:27] cengel : in the case of BVOL7D it's some nonlinear function if its currently 0 though
[2015-06-12 06:38:52] cengel : does it switch in last 24hr to 0 from 25%
[2015-06-12 06:40:34] BitMEX_Wally : cengel: For `BVOL7D` it is 40% annualised, but there are only 5 hours left until expiry so this is roughly 0.02%
[2015-06-12 06:41:30] BitMEX_Wally : `XBTZ15` is 6 months until expiry, so the rate of 25% annualised is roughly 13%
[2015-06-12 06:41:32] cengel : got it
[2015-06-12 06:42:02] cengel : ty
[2015-06-12 11:45:15] cengel : lowest ever print coming (yet again) yay BVOL24H`
[2015-06-12 11:45:34] cengel : `BVOL24H`
[2015-06-12 12:14:16] cengel : and now `BVOL7D`is going to start printing under 3 next lol
[2015-06-12 12:14:30] cengel : RIP bitcoin
[2015-06-12 13:20:14] BitMEX_Sam : Yep, lowest ever.
[2015-06-12 21:40:33] chrisxbt : so the fairbasis is based on an interest rate?
[2015-06-12 21:41:39] chrisxbt : that makes sense for futures, but for BVOL I think there's a premium because of uncertainty.
[2015-06-12 21:41:52] chrisxbt : and it usually goes more up then down
[2015-06-12 22:26:35] j8 : there doesn't seem to be a fair basis in effect for `BVOL`
[2015-06-12 22:26:59] j8 : although the hover text says it
[2015-06-12 22:29:25] j8 : oh i'm wrong, there is, for `BVOL7D`
[2015-06-12 22:35:09] j8 : actually, there is for both but it's less than a cent for `BVOL24H` at the moment
[2015-06-12 22:36:16] j8 : i mean, < 0.01% in % volality units
[2015-06-12 22:38:15] j8 : and around 0.01 for `BVOL7D`. but yeah negligible compared to the risk/reward factor
[2015-06-13 10:19:19] CryptoGoon : where do I long chikun
[2015-06-13 10:23:13] SnackyCoins : goon :D
[2015-06-13 10:23:29] SnackyCoins : step 1 click gear change theme to dark ;)
[2015-06-13 10:23:55] BitMEX_Arthur : Step 2 deposit 10k bitcoin
[2015-06-13 10:24:18] SnackyCoins : heh
[2015-06-13 10:24:31] SnackyCoins : man i am moving my cash here when theres swaps bros
[2015-06-13 10:24:44] BitMEX_Arthur : What do u mean swaps
[2015-06-13 10:24:56] SnackyCoins : interest bearing instruments :)
[2015-06-13 10:25:32] BitMEX_Arthur : We have some thots we need a more sloped futures term strucutre
[2015-06-13 16:38:03] goat : http://shitco.in/2015/06/13/life-is-a-pump-and-dump-front-run-the-xcp-pump/
[2015-06-13 18:46:38] Scott J : Bit frustrated at the mo - the site doesn't update the order book when I switch between contracts.
[2015-06-13 18:47:05] Kiran : I have seen that happen before, but never was able to recreate
[2015-06-13 18:47:14] Scott J : I just tried to place a small order to test and nothing happens when I click buy.
[2015-06-13 18:47:38] Scott J : I'm using up-to-date Chrome . Tried firefox and the panels are all out of line.
[2015-06-13 18:49:37] Scott J : The table on order controls also doesn't update when I change the quantity and price fields.
[2015-06-13 18:50:06] Scott J : Any help on how to get round this would be appreciated. Going to head out for 30mins but will check back here :)
[2015-06-13 19:05:29] BitMEX_Sam : Hey Scott J: Looking into it, sounds like a JS error
[2015-06-13 19:58:51] Scott J : hey Sam
[2015-06-13 19:59:09] BitMEX_Sam : Hey Scott.
[2015-06-13 19:59:17] BitMEX_Sam : Still having issues?
[2015-06-13 20:00:13] Scott J : will just refresh
[2015-06-13 20:00:16] BitMEX_Sam : Ok.
[2015-06-13 20:00:50] Scott J : yes sadly
[2015-06-13 20:00:59] BitMEX_Sam : I am seeing some errors flow in from your account
[2015-06-13 20:01:02] BitMEX_Sam : Investigating now.
[2015-06-13 20:02:07] Scott J : Thanks loads
[2015-06-13 20:14:35] Scott J : I was trying to buy volatility. seems the market now agrees with me
[2015-06-13 20:24:15] Scott J : oooh, it is working now
[2015-06-13 20:24:24] Scott J : if that was something you have done - thank you :)
[2015-06-13 20:27:46] BitMEX_Sam : Great! I pushed forward some pending upgrades and I'm doing some additional upgrades to our error reporting so I can catch things like this more quickly
[2015-06-13 20:28:10] Scott J : great customer service, thank you.
[2015-06-13 20:38:55] chrisxbt : hmm so should I buy 1.27
[2015-06-13 20:44:17] Scott J : I just bought 1 @ 1.27 to help me learn how this all works
[2015-06-13 21:05:17] BitMEX_Sam : This chart may help: https://www.tradingview.com/script/xkRHkPNY-Pip-Foundry-BitMEX-BVOL7D-Index/
[2015-06-13 21:11:03] uiop : wtf is happening with finex book right now
[2015-06-13 21:11:14] uiop : is api doing this too ?
[2015-06-13 21:11:23] uiop : wisdom and cryptowatch are both
[2015-06-13 21:11:31] j8 : lol
[2015-06-13 21:11:38] j8 : alphapoint testing strikes again
[2015-06-13 21:11:39] uiop : finex is all kinds of fucked if so
[2015-06-13 21:12:57] uiop : can anyone confirm this is happening on lowest-level finex api ?
[2015-06-13 21:13:49] uiop : !flair long
[2015-06-13 21:13:53] uiop : oops
[2015-06-13 21:13:59] j8 : http://bfws.alphapoint.com/ looks normal
[2015-06-13 21:15:08] j8 : https://api.bitfinex.com/v1/book/btcusd not normal
[2015-06-13 21:15:49] j8 : so the REST api is messed
[2015-06-13 21:16:12] j8 : unknown undocumented websocket still working
[2015-06-13 21:16:56] JohnWayne : ah ok
[2015-06-13 21:16:59] JohnWayne : thx
[2015-06-13 21:29:24] BitMEX_Sam : the undocumented websocket is surprisingly stable compared to the rest of it
[2015-06-13 21:29:51] uiop : iirc it gives you async fills too, right ?
[2015-06-13 21:46:50] BitMEX_Sam : Not sure, we don't use it for anything other than price data uiop
[2015-06-13 21:49:31] j8 : i'm not sure they've enabled it for trading, but that is a feature of alphapoint's ws api
[2015-06-13 21:49:51] BitMEX_Sam : I don't think they're on AP at all yet
[2015-06-13 21:57:18] cengel : what the finex
[2015-06-13 22:28:26] cengel : have no clue whats going on no update on their si
[2015-06-13 22:36:35] BitMEX_Sam : cengel: Yeah they said that a slave DB had a full disk and was repeating stale data
[2015-06-14 03:13:55] uiop : BitMEX_Chat: ah nice, at least we get a reason
[2015-06-14 03:13:58] uiop : oops
[2015-06-14 03:14:09] uiop : @BitMEX_Sam
[2015-06-14 03:36:15] uiop : BLACKHAWKS WIN
[2015-06-14 04:26:42] cengel : uiop: i still dont see. they dont update twitter enough
[2015-06-14 04:26:51] cengel : and i only just started using twitte
[2015-06-14 21:19:09] j8 : BitMEX_Sam: there seems to be an error in the hover text on the limit up price capped / limit down price capped
[2015-06-14 21:20:16] j8 : limit up being the lowest bankruptcy price of a short position holder... right?
[2015-06-15 00:31:16] BitMEX_Arthur : j8: yes we are going to amend that
[2015-06-15 08:34:57] uiop : my bad on /nick spam
[2015-06-15 11:27:20] Scott J : I like the quanto Dec15 contract, but the low upper cap puts me off.
[2015-06-15 11:28:29] Scott J : In a bull market, would we expect the upper cap it increase over time as traders hopefully close their short positions before bankruptcy?
[2015-06-15 11:28:40] Scott J : *it=to
[2015-06-15 11:40:53] BitMEX_Arthur : yes we still do force liquidations well before bankruptcy
[2015-06-15 11:41:05] BitMEX_Arthur : so the cap will move higher as traders are placed in margin call
[2015-06-15 11:41:11] BitMEX_Arthur : so i wouldn't let that deter you
[2015-06-15 11:41:34] BitMEX_Arthur : right now liquidation begins at 20% equity which is a very healthy buffer
[2015-06-15 11:42:09] BitMEX_Arthur : you can see any contract's minimum margin amount by clicking on the symbol
[2015-06-15 11:47:07] Scott J : great, thanks for that
[2015-06-15 11:48:11] BitMEX_Arthur : if you want an uncapped december future you can trade the inverse, `XBUZ14`
[2015-06-15 11:48:30] BitMEX_Arthur : but the payoff structure is different
[2015-06-15 11:52:09] Scott J : ah, didn't realise XBU was uncapped.
[2015-06-15 11:52:18] Scott J : better to short with though
[2015-06-15 11:52:24] BitMEX_Arthur : yes that's tru
[2015-06-15 11:52:34] BitMEX_Arthur : and we won't increase leverage as it gets closer to expiry
[2015-06-15 11:52:48] BitMEX_Arthur : the max upside is 100% when going long an inverse contract
[2015-06-15 11:53:04] BitMEX_Arthur : in bitcoin terms that is
[2015-06-15 12:45:14] goat : BitMEX_Arthur: did you see my xcp article?
[2015-06-15 12:56:32] BitMEX_Arthur : Yeah I might just take a punt
[2015-06-15 12:57:10] goat : yeah, i don't really have a target or anything, like i said... but i think its undervalued
[2015-06-15 12:57:42] goat : its near the all time low, and they just got funding from 2 big names and are expecting a series a (for symbiont)... but its almost impossible that some projects wont be built on counterparty
[2015-06-15 13:00:33] laisee : any idea why the xcp developers left Medici project?
[2015-06-15 13:02:04] Scott J : goat: can you link to the article please?
[2015-06-15 13:07:05] BitMEX_Sam : http://shitco.in/2015/06/13/life-is-a-pump-and-dump-front-run-the-xcp-pump/
[2015-06-15 13:07:15] laisee : XCP looks interesting, given Ethereum and NXT are not looking anywhere near useful for some time to come.
[2015-06-15 13:17:18] goat : i think they left overstock because it was too much of a project for overstock to take on
[2015-06-15 13:17:56] goat : they have legit backing/funding for their new project, and aren't limited to XCP, they can use any new protocol
[2015-06-15 13:18:01] goat : so whatever is best for the job
[2015-06-15 13:18:12] goat : but i feel like they will use XCP whenever possible, being that they built it
[2015-06-15 13:19:17] laisee : yeah, sounds about right. they could be the blockstream of alt currencies/smart contracts.
[2015-06-15 13:21:53] goat : i think that they will be more used as a settlement took to replace the dtcc
[2015-06-15 13:22:12] goat : and blockstream will be working on other types of smart contracts, which we would use/interact with in our everyday lives
[2015-06-15 13:25:45] BitMEX_Sam : It's nice to see an alt with a hook that isn't "new hashing algorithm!" or "not premined! (we're super serious guys)".
[2015-06-15 13:26:01] BitMEX_Sam : I'm a big fan of Filecoin for that reason
[2015-06-15 13:32:49] goat : ill have to look into that one
[2015-06-15 13:32:58] goat : and i like the XCP are burned as fuel to power the smart contracts
[2015-06-15 13:33:03] goat : so it preserves scarcity
[2015-06-15 14:29:43] gmikeska07 : I have a question...
[2015-06-15 14:30:10] gmikeska07 : if I want to buy some XBTM15, do I have to use dollars? How would I convert my incoming BTC deposit to $?
[2015-06-15 14:33:34] BitMEX_Wally : gmikeska07: No need to convert to dollars, all our contracts are margined and settled in Bitcoin
[2015-06-15 14:34:04] gmikeska07 : Oh I see.. Thanks!
[2015-06-15 14:34:18] BitMEX_Wally : Just deposit some Bitcoin and you can start trading
[2015-06-15 14:34:55] BitMEX_Wally : `XBTM15` has a 15% initial margin requirement, so if you deposit 0.15 Bitcoin you can open a position worth 1 Bitcoin
[2015-06-15 14:35:11] BitMEX_Wally : Which at current prices is roughly 425 contracts
[2015-06-15 14:38:23] gmikeska07 : oh wow... nice! and my first deposit was exactly .15
[2015-06-15 14:38:25] gmikeska07 : :-)
[2015-06-15 14:39:19] BitMEX_Wally : :)
[2015-06-15 18:27:03] Scott J : small moan: on the PNL calculator, can you make the Quantity input form slightly larger?
[2015-06-15 19:20:58] BitMEX_Sam : Scott J: Sure - do you mean horizontally?
[2015-06-15 19:21:39] Scott J : yep, so that it fits 4 digits
[2015-06-15 20:12:16] BitMEX_Sam : Scott J: Refresh, let me know if that works for you
[2015-06-15 20:13:04] Scott J : perfect! thanks for changing that so quickly.
[2015-06-15 20:13:39] BitMEX_Sam : No worries, thanks for letting me know about it - easy fix
[2015-06-16 12:41:07] goat : BitMEX_Sam: is it possible to make an option for log out? so the user can select one of 3 things
[2015-06-16 12:41:27] goat : 1) log out after connection dies for 30 mins 2) log out after 24 hrs (what you have now) 3) log out after a month
[2015-06-16 12:41:59] goat : when you first started the site it was similar to option 1, thats what bfx has (i prefer this)
[2015-06-16 15:53:25] j8 : bvol payday. look at those 5 min candles go!
[2015-06-16 15:54:35] joequant : SHORT SQUEEZE!!!
[2015-06-16 15:56:02] j8 : and the pullback
[2015-06-16 15:58:31] j8 : we're hitting limit up on bvol for sure.
[2015-06-16 15:58:44] Scott J : really glad I bought some earlier
[2015-06-16 15:58:58] j8 : same!
[2015-06-16 15:59:06] Scott J : BVOL24H got 10 @ 1.9
[2015-06-16 15:59:13] Scott J : wish there was more liquidity
[2015-06-16 15:59:23] Scott J : got more of the 7D
[2015-06-16 16:07:11] j8 : yeah the spreads are ridiculous.
[2015-06-16 16:07:17] BitMEX_Wally : Scott J: I have increased the Limit Up Price for `BVOL24H`
[2015-06-16 16:07:28] cengel : yep, impossible to trade out of shit positions
[2015-06-16 16:08:02] Scott J : Brilliant :)
[2015-06-16 16:11:00] Scott J : How about the 7D?
[2015-06-16 16:20:58] BitMEX_Wally : `BVOL7D` still has room to move
[2015-06-16 16:21:17] BitMEX_Wally : Current limit down is 1.78 and limit up 8.57
[2015-06-16 16:21:41] BitMEX_Wally : That limit up will increase as the shorts get margin called
[2015-06-16 16:26:35] joequant : well that was exciting
[2015-06-16 16:27:31] Scott J : Thanks for the info. Do the caps then only apply if someone does go bankrupt? If everyone is margin called and their positions successfully closed then I don't see why there needs to be a cap?
[2015-06-16 16:27:40] Scott J : Sorry if that's a silly question!
[2015-06-16 16:28:12] BitMEX_Arthur : If a trader is not able to be closed out before he goes into negative equity
[2015-06-16 16:28:14] BitMEX_Arthur : then a cap is needed
[2015-06-16 16:29:13] j8 : i think he means the % limit per session
[2015-06-16 16:29:24] j8 : i wondered the same thing.
[2015-06-16 16:32:13] BitMEX_Wally : For capped contracts we have both an absolute limit of 200% up/down from the previous close, and then the bankruptcy caps
[2015-06-16 16:32:31] BitMEX_Wally : `BVOL24H` hit this 200% limit and so I raised it
[2015-06-16 16:33:49] j8 : right, but what's the purpose of it if unrealized pnl is based on the mark price (protects the trader) and the bankruptcy caps are there (protects you guys)?
[2015-06-16 16:43:44] BitMEX_Wally : Yes, there isn't really much point of the % limit for capped contracts