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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[2016-04-03 16:49:22] REKT : Liquidated long on `ETH7D`: Sell 2695 @ 0.02734
[2016-04-03 16:54:08] danzel14 : how i can close order???
[2016-04-03 17:02:46] habibi : dont!
[2016-04-03 17:38:34] rapidtrades : danzel14: opposite trade, if short go long same #contracts
[2016-04-03 17:39:03] rapidtrades : habibi: how it going fella? any positions on?
[2016-04-03 17:44:25] danzel14 : CashSettlement -0.00245869 XBT ETH7D Pending
[2016-04-03 17:44:27] danzel14 : why pending
[2016-04-03 17:50:41] rapidtrades : danzel14: cos it settles once per week on friday
[2016-04-03 17:50:46] rapidtrades : at 14:00 CET
[2016-04-03 17:51:02] rapidtrades : i use CET cos I'm European, not American
[2016-04-03 17:51:25] mwalshe99 : utc
[2016-04-03 17:51:41] rapidtrades : F*CK utc NOONE LIVES IN UTC MOFO
[2016-04-03 17:53:18] rapidtrades : do 1/2 of profits clear before friday? anyone?
[2016-04-03 17:54:51] danzel14 : its wast of money
[2016-04-03 17:54:57] danzel14 : i can't understand this shit
[2016-04-03 17:55:57] rapidtrades : danzel14: wait until Friday
[2016-04-03 17:56:24] rapidtrades : that's how all futures are settled, yo
[2016-04-03 17:56:33] rapidtrades : *bitcoin futures
[2016-04-03 18:58:37] habibi : rapidtrades: nah, just trying to find comfirmation of shorting eth but there is none still
[2016-04-03 20:46:52] REKT : Liquidated long on `XBT24H`: Sell 420 @ 418.41
[2016-04-03 20:47:21] REKT : Liquidated long on `XBT24H`: Sell 10000 @ 417.95
[2016-04-03 21:01:44] rapidtrades : is this lagging
[2016-04-03 21:02:00] rapidtrades : can't figure out if this tab is to blame, it usualy is
[2016-04-03 23:17:38] rapidtrades : and the prize for the most boring trading instrument goes toooooooooooooooooo
[2016-04-03 23:18:12] messiaen8844 : Please return TITCOIN, that was funnier
[2016-04-03 23:24:04] rapidtrades : interesting how premium has fallen on june but not on sept
[2016-04-03 23:24:27] rapidtrades : even though volatility plummeted past few weeeks
[2016-04-03 23:41:49] messiaen8844 : arbitrage...
[2016-04-03 23:43:16] sleger : i doubt that 1200 bids is gonna last
[2016-04-03 23:47:41] messiaen8844 : just testing and teasing
[2016-04-03 23:48:23] messiaen8844 : expecting more btc sideways for a while
[2016-04-04 03:34:04] daveberns1 : looking for an an orderbook chart, is this an option?
[2016-04-04 04:46:35] yerb : TV DARK THEME UPDATE (dialogs fixed) https://userstyles.org/styles/118025/tradingview-com-dark-theme
[2016-04-04 05:53:53] BitMEX_Wally : daveberns1: there is an order book chart on CryptoWatch:
[2016-04-04 05:53:58] BitMEX_Wally : https://cryptowat.ch/bitmex/xbt-daily-futures
[2016-04-04 10:20:07] REKT : Liquidated long on `ETH7D`: Sell 27 @ 0.02709
[2016-04-04 10:20:07] REKT : Liquidated long on `ETH7D`: Sell 50 @ 0.02705
[2016-04-04 10:20:07] REKT : Liquidated long on `ETH7D`: Sell 1 @ 0.02700 :punch: :whale:
[2016-04-04 10:28:52] REKT : Liquidated long on `ETH7D`: Sell 200 @ 0.02680
[2016-04-04 11:22:52] REKT : Liquidated long on `ETH7D`: Sell 150 @ 0.02670
[2016-04-04 11:51:29] messiaen8844 : XBT24H, Expiry: An hour ago. ?????
[2016-04-04 11:52:00] messiaen8844 : how is my position still open?
[2016-04-04 11:53:09] j8 : messiaen8844: it expires in 7 minutes
[2016-04-04 11:53:25] j8 : not sure why you're seeing that
[2016-04-04 11:53:31] messiaen8844 : oh damn, my local time is wrong
[2016-04-04 11:53:56] j8 : that would do it
[2016-04-04 11:54:22] messiaen8844 : dunno how did it happen
[2016-04-04 11:56:00] j8 : daylight savings + wrong timezone setting maybe?
[2016-04-04 11:56:58] rapidtrades : beginner mistake
[2016-04-04 12:00:13] REKT : Liquidated long on `XBT24H`: Sell 10000 @ 418.65
[2016-04-04 12:00:13] REKT : Liquidated long on `XBT24H`: Sell 5 @ 418.71
[2016-04-04 12:01:32] j8 : ^ rekt by mark price discontinuity at settlement
[2016-04-04 12:01:45] habibi : it was be4 settlement?
[2016-04-04 12:01:53] habibi : ah after, lol
[2016-04-04 12:01:55] j8 : right on settlement
[2016-04-04 12:01:57] rapidtrades : prolly roll from 48h
[2016-04-04 12:02:06] j8 : rapidtrades: definitely
[2016-04-04 12:02:09] habibi : yep, funny :)
[2016-04-04 12:02:26] rapidtrades : ppl's misery is funny
[2016-04-04 12:04:58] j8 : getting liquidated in zero volatility, can't feel too bad for em
[2016-04-04 12:49:21] REKT : Liquidated long on `ETH7D`: Sell 1000 @ 0.02639
[2016-04-04 13:09:12] rapidtrades : whos long/short?
[2016-04-04 13:25:03] sleger : I am
[2016-04-04 13:52:52] rapidtrades : sleger: u are what
[2016-04-04 13:53:43] BitMEX_Wally : He's a genius
[2016-04-04 13:56:50] sleger : rapidtrades: I am long/short
[2016-04-04 13:58:54] arbitrage001 : rapidtrades: I am still short
[2016-04-04 13:59:14] arbitrage001 : long spot, short future that is
[2016-04-04 14:14:19] rapidtrades : don't be wise guys, fellas
[2016-04-04 14:14:25] rapidtrades : asking net
[2016-04-04 14:26:55] sleger : net I am completely long short
[2016-04-04 14:28:31] sleger : flat
[2016-04-04 14:34:41] arbitrage001 : net short, not by much
[2016-04-04 14:55:26] rapidtrades : finally some risk-off
[2016-04-04 14:55:47] rapidtrades : it's really F*cking with my trades tho
[2016-04-04 16:06:33] tscha : Shitmex is down... prolly exit scam
[2016-04-04 16:07:40] BitMEX_Sam : Can't trust those guys
[2016-04-04 16:10:29] rapidtrades : WHAT? WHAT ABOUT MY TITCOINS
[2016-04-04 16:10:39] BombaUcigasa : How many did you have?
[2016-04-04 16:11:09] rapidtrades : TWO
[2016-04-04 16:11:16] rapidtrades : ONE LEFT ONE RIGHT
[2016-04-04 16:15:16] BombaUcigasa : Sorry for your loss
[2016-04-04 17:44:49] BitMEX_Greg : Titcoins were fun to trade, anyone make big money off them?
[2016-04-04 17:55:52] viptrader : EST liqueadation price=infinity
[2016-04-04 17:55:54] viptrader : how so?
[2016-04-04 17:58:58] viptrader : BitMEX_Greg:
[2016-04-04 18:02:16] BitMEX_Greg : Well guess all
[2016-04-04 18:02:49] BitMEX_Greg : all the shitcoins were fun to trade* , but at least titcoins can be relatable to some
[2016-04-04 18:03:14] BitMEX_Greg : ' official currency of the porn industry' or some crap like that
[2016-04-04 18:04:34] BitMEX_Greg : Having said that, I heard backpage had a good demand for bitcoin still.
[2016-04-04 18:10:06] habibi : BitMEX_Greg: not a big deal but would be good to withdraw almost 1 mil btcs from shitmex. can u work on it soon?
[2016-04-04 18:11:30] sleger : so funny ahahahah ...........
[2016-04-04 18:12:15] habibi : sleger good, didn't know it is actually :)
[2016-04-04 18:17:31] BitMEX_Greg : Definitely on the top of my to-do list, habibi. Think it could have been a Gox from the founders though.. Will keep u updated
[2016-04-04 18:25:31] micmix : hi sleger! I've got FIX working for okc futures.
[2016-04-04 18:27:08] sleger : micmix: ah nice, I will test again
[2016-04-04 18:27:19] sleger : same code as for spot ?
[2016-04-04 18:27:34] micmix : you have to edit FIX44.xml because okc uses non-standard field in MarketDataSnapshotFullRefresh
[2016-04-04 18:28:29] micmix : search for `<components>` in the XML. there is a definition of 'instrument' component
[2016-04-04 18:28:49] sleger : ok i will take a look at that too, thanks
[2016-04-04 18:29:16] micmix : add `<field name="Currency" required="N" />` after StrikeCurrency
[2016-04-04 18:30:18] micmix : they are using StrikeCurrency for market data request but they send Currency in market data reply, don't ask why
[2016-04-04 18:31:24] micmix : Currency field is not allowed by default so quickfix rejects messages
[2016-04-04 18:31:59] sleger : ah i guess that's why it was working for spot but i got disconnected after requesting future prices. So even their github sample should not work...
[2016-04-04 18:32:22] micmix : didn't try orders but market data has been running for a week with no issues
[2016-04-04 18:33:39] micmix : yes, as soon as you get first MarketDataSnapshotFullRefresh for futures, quickfix starts sending Reject back to okc and you get disconnected shortly after
[2016-04-04 18:34:46] micmix : give it a try, I have to run but will be back in an hour or so
[2016-04-04 18:43:57] hitme1 : 420 blaze it
[2016-04-04 19:05:46] rapidtrades : hitme1: say no to POT
[2016-04-04 19:44:17] sleger : micmix: that worked, thanks
[2016-04-04 20:21:24] wildc : what are the 248 bots about?
[2016-04-04 20:40:56] BitMEX_Sam : wildc: It's a count of API consumers vs active users with the tab on
[2016-04-04 20:41:20] BitMEX_Sam : So we count `Bots` by simply counting the number of connections to our websocket, and we count `Users` by counting the connection to the browser websocket endpoint
[2016-04-04 20:41:31] BitMEX_Sam : Which is the same data but just formatted slightly differently for convenience
[2016-04-04 21:28:49] rapidtrades : hmmm lot of buying on june?
[2016-04-04 21:29:22] rapidtrades : sleger: u getting out?
[2016-04-04 21:30:05] rapidtrades : buying on sept too even tho spot's same
[2016-04-04 21:35:04] chrisxbt : hi
[2016-04-04 22:02:27] BitMEX_Greg : Sept is showing a lot of buys recently
[2016-04-04 22:02:39] BitMEX_Greg : People buying 'cheap' premium
[2016-04-04 22:58:24] GurungBoi : okcoin
[2016-04-04 22:59:11] rapidtrades : GurungBoi: what bout it
[2016-04-04 23:08:47] micmix : BitMEX_Sam: can I get the weights for the new index from the API?
[2016-04-04 23:13:15] rapidtrades : micmix: yeah the weights are:
[2016-04-04 23:13:18] rapidtrades : ONE
[2016-04-04 23:13:21] rapidtrades : TWO
[2016-04-04 23:13:24] rapidtrades : THREE
[2016-04-04 23:13:27] rapidtrades : and
[2016-04-04 23:13:29] rapidtrades : EVELEN
[2016-04-04 23:13:37] rapidtrades : ELEVEN**
[2016-04-04 23:14:35] micmix : rapidtrades: so you're the API now? nah, too unreliable to use :-)
[2016-04-04 23:15:13] sleger : (rapidtrades)(EVELEN) = 11
[2016-04-04 23:15:49] sleger : you have to import the rapidtrades library obviously. The problem is that then it also automatically imports the formula 11=14
[2016-04-04 23:19:52] micmix : sleger: did you get FIX working?
[2016-04-04 23:20:53] sleger : micmix: yes market data no issue, tried sending an order (it works for spot) but got a msg 58=required Tag missing
8600=3
10=218
[2016-04-04 23:21:04] sleger : didnt have time to look into it yet
[2016-04-04 23:21:23] sleger : (and yes AFAIK I added the additional tags for future compared to spot)
[2016-04-04 23:22:39] nip : why use fix for the woodchipper?
[2016-04-04 23:24:07] sleger : why not ?
[2016-04-04 23:24:38] nip : seems more complicated to use and more likely for them to mess up
[2016-04-04 23:25:07] micmix : I didn't try orders yet, maybe there something else undocumented like the Currency tag in market data. If you don't do that already, log Reject messages in ToAdmin, fields RefMsgType and RefTagID will show you what message and field are wrong or missing
[2016-04-04 23:25:32] rapidtrades : yeah ofc, who wouldn't add the tags
[2016-04-04 23:26:03] rapidtrades : micmix: solid points my man
[2016-04-04 23:26:37] BitMEX_Greg : micmix: regarding your question, I believe you can get the weights of the new Kaiko index through the API, this is something I will double check on for you
[2016-04-04 23:28:06] micmix : BitMEX_Greg: no, BitMEX index doesn't show up in the Kaiko API: https://api.kaiko.com/v1/indices/tickers
[2016-04-04 23:28:08] rapidtrades : WHAT A NEW INDEX
[2016-04-04 23:28:39] micmix : rapidtrades: https://www.kaiko.com/price-index/bitmex
[2016-04-04 23:28:57] rapidtrades : weights better be fixed this time around
[2016-04-04 23:29:57] micmix : fixed for a month
[2016-04-04 23:30:16] BitMEX_Greg : It might not be up yet, launch date is April 29
[2016-04-04 23:30:29] rapidtrades : ok its somewhat of an improvment
[2016-04-04 23:30:38] sleger : simpler and better
[2016-04-04 23:30:46] rapidtrades : but weights are not fixed and why is stamp the tramp there
[2016-04-04 23:30:52] BitMEX_Greg : Yes it looks back every 30 days at volume and readjusts the weight for the next months
[2016-04-04 23:31:08] BitMEX_Greg : A lot of users here still use stamp
[2016-04-04 23:31:10] rapidtrades : u could've just used 50% finex/okc
[2016-04-04 23:31:20] rapidtrades : BitMEX_Greg: lot of users use btc-e too
[2016-04-04 23:31:23] BitMEX_Greg : too much weight on finex imp
[2016-04-04 23:31:34] rapidtrades : problem with using stamp is that it follows finex
[2016-04-04 23:31:44] BitMEX_Greg : True but it's a lot less 'trustworthy' than others
[2016-04-04 23:31:45] rapidtrades : so index is heaviliy weighed toward finex now
[2016-04-04 23:31:56] BitMEX_Greg : Yes that is true
[2016-04-04 23:32:15] BitMEX_Greg : well it's always a learning phase, if it doesn't work out we can always readjust later
[2016-04-04 23:32:54] rapidtrades : seems to readjust much slower, so def an improvment
[2016-04-04 23:34:43] sleger : yeah it's better but not awesome
[2016-04-04 23:37:13] rapidtrades : BitMEX_Greg: what about that 24/48 thinggy that was suppose to go live weeks ago
[2016-04-04 23:37:22] BitMEX_Greg : What do you suggest Sleger?
[2016-04-04 23:37:52] BitMEX_Greg : believe we are still working out the kinks, should be live very soon. Will be very easy to roll
[2016-04-04 23:38:34] nip : i think we should know the weightings for every live contract
[2016-04-04 23:42:43] rapidtrades : once this thing breaks there will be a lot of ppl caught on the wrong side
[2016-04-04 23:44:03] sleger : BitMEX_Greg: What's your role at bitmex ?
[2016-04-04 23:53:33] BitMEX_Greg : Biz dev predominantly
[2016-04-04 23:53:49] BitMEX_Greg : rapidtrades: we aim
[2016-04-04 23:54:10] BitMEX_Greg : to give users sufficient time before we launch*
[2016-04-05 00:39:05] micmix : BitMEX_Greg, bizdev question: what's your plans for Asian expansion (China, Japan, Korea)?
[2016-04-05 00:50:52] BitMEX_Sam : micmix: I can answer that, I think Greg took a break
[2016-04-05 00:51:19] BitMEX_Sam : I'm actively working on a translation architecture for the site, we're starting with Chinese and will move into other Asian markets
[2016-04-05 00:52:29] BitMEX_Sam : Also re the index see Kaiko.com/bitmex
[2016-04-05 00:53:55] BitMEX_Greg : Thanks, just at dinner
[2016-04-05 00:54:43] micmix : sounds good, do you have any connections to do marketing push in China? it's hard to compete with okc on their turf
[2016-04-05 01:04:01] BitMEX_Sam : micmix: I believe Arthur does, he spent a few mo in Shanghai with Wally late last year
[2016-04-05 01:04:43] BitMEX_Sam : I agree that it's difficult to compete with native Chinese on their own turf but we are hoping our tech will help tip the scales.
[2016-04-05 01:08:34] nip : BitMEX_Sam: you mean the interface?
[2016-04-05 01:08:37] nip : I agree that is better
[2016-04-05 01:08:45] BitMEX_Sam : Not just that, our backend
[2016-04-05 01:08:56] BitMEX_Sam : The trading engine is the real secret sauce.
[2016-04-05 01:09:07] nip : That seems inferior from my experience
[2016-04-05 01:10:12] nip : but as I said the interface is miles ahead
[2016-04-05 01:16:27] nip : you have some product offerings here the other exchanges do not have
[2016-04-05 01:16:55] nip : on the other hand okcoin has the advantage of being where many chinese users buy their btc to begin with
[2016-04-05 01:17:05] nip : im not sure how much of an advantage that gives
[2016-04-05 01:20:37] BitMEX_Sam : nip: Our backend is the reason we're able to constantly margin 100x contracts with DPE at the same time we have guaranteed settlement 5x contracts, while also auditing the entire trading engine on every trade
[2016-04-05 01:20:48] BitMEX_Sam : We're focusing on speed in this next development run as well as FIX compat
[2016-04-05 01:21:05] BitMEX_Sam : What's interesting about having a fiat exchange is that it's a blessing and a curse -
[2016-04-05 01:21:16] BitMEX_Sam : It does bring customers in, no doubt, but it adds very significant complexity to the business
[2016-04-05 01:24:05] nip : although your initial margin is 100x i believe the woodchipper has the same maintenance margin
[2016-04-05 01:24:24] nip : i prefer the 100x of course :)
[2016-04-05 01:24:42] micmix : BitMEX_Sam, BitMEX_Greg, thank you for answering my questions. I think Arthur mentioned adding 24h BTC/JPY contract in collaboration with Japanese exchange, any ETA?
[2016-04-05 01:25:00] j8 : isn't it 1% maintenance margin at okc?
[2016-04-05 01:27:13] nip : j8: i think its 1% at 10x leverage and 0.5% at 20x
[2016-04-05 01:27:24] BitMEX_Sam : micmix: We don't have a hard date yet but we'll keep everyone informed once we have one
[2016-04-05 01:37:02] j8 : nip: they changed that a while back. when i use the calculator on okc it gives a liquidation price ~4% away at 20x, here it would be 4.5% away on the 24H and 48H
[2016-04-05 01:37:33] j8 : although the weekly is 1%
[2016-04-05 01:39:48] micmix : BitMEX_Sam: I wanted to run a test bot on coincheck.jp but didn't get past this: https://coincheck.jp/images/documents/api_permission.png
[2016-04-05 01:40:17] BitMEX_Sam : micmix: Hmm, perhaps try the google translate extension
[2016-04-05 01:44:09] j8 : new index looks good
[2016-04-05 01:45:42] BitMEX_Sam : It'll be much more predictable, which is good.
[2016-04-05 01:46:00] micmix : BitMEX_Sam: yeah, I can deal with it, just weird to see after decent English API docs
[2016-04-05 01:46:17] BitMEX_Sam : For users who have low-latency requirements, they can grab prices directly from the exchange, and grab weights from kaiko once a month at 12 UTC
[2016-04-05 01:47:13] BitMEX_Sam : I really enjoy the idea of Tradeblock XBX, especially after the BFX flash crash, but I'm afraid it causes a few more issues than it solves
[2016-04-05 01:47:35] micmix : BTW, can you add an API endpoint to get the current weights directly from BitMEX?
[2016-04-05 01:48:03] micmix : for Kaiko index I mean
[2016-04-05 01:48:32] BitMEX_Sam : Yeah absolutely
[2016-04-05 01:48:54] BitMEX_Sam : I'll talk to Wally about the specifics but we'll have a separate one that just sends the weights.
[2016-04-05 01:49:45] j8 : and the weights are just rolling 30-day volume, so you could preempt the new weights if you wanted, for the quarterlies
[2016-04-05 01:50:04] micmix : cool, and maybe a ws message when updated
[2016-04-05 01:50:06] BitMEX_Sam : Yes, that's true
[2016-04-05 01:51:01] BitMEX_Sam : micmix: That's a good idea. We generally don't have JSON columns in the engine, I'll see if we can come up with some more graceful that's easy to anticipate, so tooling can just grab the new weights at the end of the month without much fuss
[2016-04-05 01:59:46] micmix : BitMEX_Sam: ws is nice but REST is fine too, just need to know the exact time when the weights are updated. I would suggest to update at 12:00 UTC when 24H is re-listed
[2016-04-05 02:01:35] micmix : but I think 00:00 would work too, I doubt the index change will be big enough to cause problems
[2016-04-05 02:03:54] BitMEX_Sam : We'll have the update right away, so we could certainly update the REST endpoint then and there
[2016-04-05 02:05:38] omnifoundation : Hey everyone
[2016-04-05 02:05:57] omnifoundation : I am apparently holding 30-50% of the OI for 7D XBT futures most of the time
[2016-04-05 02:06:03] omnifoundation : for Theta
[2016-04-05 02:06:15] omnifoundation : am I the only account that hedges BTC for theta returns?
[2016-04-05 02:07:54] micmix : omnifoundation: yes, you are the only one. all bitcoiners are children playing with lunch money ;-)
[2016-04-05 02:08:08] omnifoundation : lol
[2016-04-05 02:08:30] omnifoundation : I'm trying to make a payroll with Theta
[2016-04-05 02:08:56] omnifoundation : need to tweak it up but it helps, combined with Polo BTC return rates in March, it was pretty solid
[2016-04-05 02:09:30] micmix : nice work! I think there are only 4-5 people here who know what Theta is
[2016-04-05 02:10:03] omnifoundation : and I'm probably the only one who worries about being short Gamma
[2016-04-05 02:10:22] omnifoundation : Theta? what's that? I want leverage!
[2016-04-05 02:10:39] micmix : give me 1000x lol
[2016-04-05 02:13:47] omnifoundation : leveraged Theta is my next project after I get this f990 filed
[2016-04-05 02:16:53] micmix : is Gamma as far as you go? what about Vega?
[2016-04-05 02:17:15] micmix : we had huge changes in volatility
[2016-04-05 02:27:24] omnifoundation : I guess you can calc vega based on premiums, sure
[2016-04-05 02:27:29] omnifoundation : I used to trade condors and whatnot
[2016-04-05 02:27:46] omnifoundation : I think of Vega being more relevant to options
[2016-04-05 02:28:26] omnifoundation : for me, I'd rather 20x leverage long OkCoin Quarterly and 20x short it here to capture a 100% return in 3 months
[2016-04-05 02:28:43] omnifoundation : haha ok they have a think that censors mentions of the other exchange
[2016-04-05 02:29:05] omnifoundation : poloniex, bittrex, bitvc, huobi, okcoin, bitfinex
[2016-04-05 02:29:13] omnifoundation : haha
[2016-04-05 02:29:32] omnifoundation : one thing I really like about working with the Bitmex guys, they're sharp, but they have a great sense of humor
[2016-04-05 02:30:21] omnifoundation : because I can delta hedge on shorter-term futures if this thing really trends so it's not such a mad-house as shorting an Iron Condor during a stock market collapse, risk management wise
[2016-04-05 02:30:46] omnifoundation : 796
[2016-04-05 02:30:56] omnifoundation : ok I guess they don't consider them real competition
[2016-04-05 02:31:54] omnifoundation : cyclically now is a risky time to short volatility but structurally with futures, you're only as run-over by it as the market actually moves
[2016-04-05 02:32:04] j8 : omnifoundation: so you're the one that's been selling down `XBTM16`
[2016-04-05 02:32:34] omnifoundation : no I'm waiting until I get it automated and also for the premium to get more blown out
[2016-04-05 02:33:10] omnifoundation : probably that would be folks taking Arthur's reco in the newsletter and spreadding it with Sep
[2016-04-05 02:33:27] omnifoundation : my point being it's not as risk as shorting vol with options
[2016-04-05 02:33:58] omnifoundation : you short iron condors each month, maybe wide ones, the VIX pops, you're in serious trouble
[2016-04-05 02:34:09] omnifoundation : but let's say I had 500 BTC exposure in the woodchipper spread
[2016-04-05 02:34:20] omnifoundation : and BTC trended to 600 in the meantime
[2016-04-05 02:34:46] omnifoundation : I'm getting a net spread of about 10% between them, realized in Theta
[2016-04-05 02:35:01] omnifoundation : also the CNY premium blows out again, saving one's ass a bit
[2016-04-05 02:35:14] omnifoundation : right now it's settled to be near USD, so the two indices are close
[2016-04-05 02:35:28] omnifoundation : but then you lose on the gamma
[2016-04-05 02:35:52] omnifoundation : so you'd have to take your unrealized profits on Okcoin and delta hedge along the way to keep up
[2016-04-05 02:35:52] j8 : maybe given the premium and volatility it's less risk, but you're actually shorting vol^2 with quantos
[2016-04-05 02:36:27] j8 : so it could blow out in a big way.
[2016-04-05 02:36:41] omnifoundation : my XBT exposure for the same starting exposure on a 50% trend move in BTC would be 50% lower there and 50% higher here
[2016-04-05 02:37:11] omnifoundation : if the CNY premium goes from 0 to 10% like last time, that makes it less harsh, but yeah I see what you're saying
[2016-04-05 02:37:24] omnifoundation : you'd have to be delta hedging a lot
[2016-04-05 02:37:29] omnifoundation : it's not such an easy income
[2016-04-05 02:37:35] j8 : yes the china fomo saves that strategy on an up move
[2016-04-05 02:37:56] micmix : IDK, I still show Vega in our system, not sure if anyone pays attention to it though :-)
[2016-04-05 02:38:03] omnifoundation : I just want to lose a lot of money on a "riskless" strategy so I can feel like Myron Scholes
[2016-04-05 02:38:24] omnifoundation : but the CNY spread is a sort of Vega as well, for the whole complex
[2016-04-05 02:38:48] omnifoundation : linked to CNH historical volatility in a high correlation probably
[2016-04-05 02:39:42] omnifoundation : yeah so before I try putting on any leveraged spreads like that I'm going to need to get the simpler stuff running better so I can count on delta hedging
[2016-04-05 02:39:56] omnifoundation : cheapest place to do that is the .cn site of Woodchipper
[2016-04-05 02:40:16] omnifoundation : but then, I do pay creedence to Arthur's notion that they will Gox a lot of people sometime
[2016-04-05 02:40:54] omnifoundation : so I when trading on .cn I just pay their mafia fixed spot interest rate and try to beat the vig with the mean-reversion, keep my capital outlay minimal
[2016-04-05 02:41:15] omnifoundation : this is so refreshing compared to shouting over people at Polo's trollbox
[2016-04-05 02:42:03] omnifoundation : those guys base most of their decisions on round number bias
[2016-04-05 02:43:04] omnifoundation : not all but some clearly, looking at these alt charts
[2016-04-05 02:43:12] omnifoundation : you guys trade alts?
[2016-04-05 02:43:45] j8 : i have a small short on eth that i kinda forgot about
[2016-04-05 02:44:40] omnifoundation : here or there?
[2016-04-05 02:44:46] j8 : there
[2016-04-05 02:44:53] omnifoundation : carry cost
[2016-04-05 02:45:38] omnifoundation : seems historically there is little premium in the ETH futures
[2016-04-05 02:45:45] j8 : 0.02% now but it's 2 day loans right
[2016-04-05 02:46:23] omnifoundation : if they can't make proof-of-stake work, they can't reduce inflation, they can't make the total return trade-off worth it, they can't make ETH as a currency work as money-good collateral for decentralized banking
[2016-04-05 02:46:37] omnifoundation : but now I'm talking my book
[2016-04-05 02:47:01] omnifoundation : I was very pleased when BTC call rates hit 35 points a day in March, that was nuts
[2016-04-05 02:47:21] omnifoundation : I had maybe 5 or so getting 75 points a day for about 6 hours, that was the extreme of mania
[2016-04-05 02:47:54] omnifoundation : I got 25bps for about a week on most of my portfolio and 15 bps avg. for the month
[2016-04-05 02:48:11] omnifoundation : plus maybe 10 points a day in theta from my hedges here
[2016-04-05 02:48:15] omnifoundation : minus fees
[2016-04-05 02:48:29] kingscrown : https://twitter.com/kingscrownBTC/status/717181933843832832
[2016-04-05 02:49:39] omnifoundation : EUR/USD over the OmniDex is happening soon via Tether
[2016-04-05 02:49:44] omnifoundation : futures coming down the pike
[2016-04-05 02:50:09] omnifoundation : kingscrown: that's like 1broker?
[2016-04-05 02:52:30] omnifoundation : it's a nice site, you guys should consider integrating Tether as a form of deposit/withdrawal, plugged in with Bitfinex and Polo so it's a good way to acquire customers
[2016-04-05 03:08:37] omnifoundation : I just reached out to them, thanks for the link
[2016-04-05 03:28:37] REKT : Liquidated long on `ETH7D`: Sell 269 @ 0.02612
[2016-04-05 03:31:53] REKT : Liquidated long on `ETH7D`: Sell 577 @ 0.02600
[2016-04-05 03:52:01] REKT : Liquidated long on `ETH7D`: Sell 3203 @ 0.02568
[2016-04-05 06:11:38] rapidtrades : if this faggy $4 jump all we get
[2016-04-05 07:00:22] Kahuna : how to close position?
[2016-04-05 07:02:59] Kahuna : hello?
[2016-04-05 07:04:44] habibi : Kahuna: just "open" the opposite to ur position
[2016-04-05 07:05:17] mwalshe99 : wow had a stop order open and it didnt get executed
[2016-04-05 07:05:48] mwalshe99 : kinda lucky as it would have been a losing position but still should have executed
[2016-04-05 07:05:50] habibi : so u probally set it wrong
[2016-04-05 07:06:02] Kahuna : thanks :-)
[2016-04-05 07:06:03] mwalshe99 : nope
[2016-04-05 07:06:12] mwalshe99 : the order isn't even there anymore which is more weird
[2016-04-05 07:06:38] mwalshe99 : OHHH MY BAD CANCELLED IT
[2016-04-05 07:06:41] mwalshe99 : ignore me
[2016-04-05 07:07:19] habibi : yep, agree
[2016-04-05 07:08:24] mwalshe99 : wow thats cold
[2016-04-05 07:20:19] rapidtrades : will okc never catch up to finex...like wtf
[2016-04-05 07:22:34] rapidtrades : and there goes the MOF interveening...what a bunch of wankers
[2016-04-05 07:26:29] miramm1115 : took 6h45m to get out of a short here, takes less than 10m on okc :-(
[2016-04-05 07:28:26] miramm1115 : not much selling here
[2016-04-05 07:31:06] rapidtrades : miramm1115: well the upmove didn't help
[2016-04-05 07:32:12] rapidtrades : liquidity is lower here that's for sure
[2016-04-05 07:57:17] miramm1115 : yeah, it's not a problem on okc even during a pump, ppl are still selling enough. not enough regular traders for the number of MM and arb bots here
[2016-04-05 07:58:06] REKT : Liquidated short on `ETH7D`: Buy 3 @ 0.02575 :punch: :whale:
[2016-04-05 08:02:01] REKT : Liquidated long on `XBT24H`: Sell 10000 @ 421.13
[2016-04-05 09:39:45] Kahuna : Hi, why only batchwithdrawal once a day?
[2016-04-05 09:43:52] Kahuna : that is not like other crypto exchanges
[2016-04-05 09:52:57] BitMEX_Wally : Kahuna: It is for security: https://www.bitmex.com/app/security#wallet-security
[2016-04-05 09:53:25] Kahuna : thank you
[2016-04-05 09:59:09] Kahuna : what time is the batch transfer planned?
[2016-04-05 10:00:43] BitMEX_Wally : Withdrawals are processed each day at 13:00 UTC which is 3 hours from now
[2016-04-05 10:09:51] kogroken : So quiet. Not a trade on XBT24H for almost two hours.
[2016-04-05 10:15:38] BitMEX_Wally : Today is a public holiday in China
[2016-04-05 10:16:08] kogroken : Ah, that may help explain it
[2016-04-05 11:00:48] Kahuna : BitMEX_Wally: thanks again Wally
[2016-04-05 11:53:23] rapidtrades : gud morning
[2016-04-05 11:59:23] rapidtrades : why is it so f laggy
[2016-04-05 13:56:16] sleger : why do you keep repeating yourself ? It's not laggy, it's most likely your AOL connection
[2016-04-05 14:03:12] rapidtrades : sleger: my connection is fine, but im on a laptop
[2016-04-05 14:03:28] rapidtrades : still its a known ''bug'' that as time goes on, this tab clogs up memory
[2016-04-05 14:04:22] rapidtrades : guess i could upgrade but its really annoying to throw money when all i want shown is some a bunch of numbers
[2016-04-05 14:04:46] rapidtrades : I'm not streaming f video here, not playing a game....no reason to clog up my shit
[2016-04-05 14:14:02] sleger : how many tabs do you have open ?
[2016-04-05 14:16:15] j8 : for a while it seemed like the memory usage was better, but now i actually see 3.1 GB used by bitmex tab..
[2016-04-05 14:21:50] sleger : but it goes down if you refresh ?
[2016-04-05 14:22:16] nip : no point diagnosing it they already know its the chart
[2016-04-05 14:23:16] nip : sometimes it takes more memory until the process crashes
[2016-04-05 14:24:03] nip : the fix? just drag the chart to 0 size and back from time to time
[2016-04-05 14:24:14] sleger : they also "know" that discussing why the settlement fees are twice what they should be is "a moot point"
[2016-04-05 14:24:28] rapidtrades : sleger: 5
[2016-04-05 14:25:15] sleger : rapidtrades: the laggy part is just you so not sure why you keep complaining (about bitmex bitfinex etc...) when the problem is that you have a shitty very old laptop
[2016-04-05 14:25:46] nip : sleger: from my experience its unusual to charge settlement fees at all
[2016-04-05 14:26:04] nip : i just avoid the daily and 48h contracts
[2016-04-05 14:26:17] sleger : nip: most btc exchanges do it because they charge fee on position opening
[2016-04-05 14:26:20] rapidtrades : sleger: as u can see, its a problem for everyone
[2016-04-05 14:26:30] sleger : but at least they charge the same fee for closing and settling
[2016-04-05 14:26:48] sleger : rapidtrades: no, they mention memory growth which does happen but doesnt slow it down on modern computers
[2016-04-05 14:27:05] rapidtrades : sleger: pls pleb, go back to data mining
[2016-04-05 14:27:06] hitme1 : I wish there was an automatic rollover. Hate it when the contracts settle, and i just want to get back in at breakeven
[2016-04-05 14:27:48] nip : my issue is that they liquidated me in cross margin mode because open orders were using all my margin
[2016-04-05 14:28:00] sleger : i avoid taking large positions in anything shorter than 7D now as settlement fees just kill you, I checked once and just fees would kill you over 40% pa on daily
[2016-04-05 14:28:06] nip : i expected the orders to be cancelled or rejected
[2016-04-05 14:28:40] nip : 3 btc maintenance margin and about 11 btc initial margin got me liquidated in cross margin mode when my account hit 14 btc
[2016-04-05 14:28:43] sleger : nip: thats what the admin told you last time, it would cancel the open orders first. If that wasnt the case you should open a support ticket discuss with them first to understand what really happened
[2016-04-05 14:29:08] sleger : if you are right they should pay you back
[2016-04-05 14:29:14] sleger : if you are wrong you shouldnt spread fud
[2016-04-05 14:29:43] sleger : rapidtrades: who's the pleb ? you are using a shitty old laptop and AOL connection and complain about laggy websites all the time ....
[2016-04-05 14:30:00] nip : sleger: would you like me to send you the support response?
[2016-04-05 14:30:02] sleger : pleb : "an ordinary person, especially one from the lower social classes."
[2016-04-05 14:30:20] sleger : nip: you should post it here if you think it is not ok
[2016-04-05 14:30:56] sleger : in my experience they are pretty open to public discussions as they are confident they are being fair
[2016-04-05 14:31:14] rapidtrades : sleger: so? I'm thrifty...plus I'd rather spend my money on travel then on expensive laptop
[2016-04-05 14:31:49] sleger : rapidtrades: yes but then no need to complain on the chat every single day about it, buy a new laptop or suffer in silence
[2016-04-05 14:32:06] rapidtrades : it's a problem for everyone, dude ^^^
[2016-04-05 14:32:11] hitme1 : but you keep complaining its causing you problems.Especially if you use your computer for work and spend a lot of time on it. Buy your comfort.
[2016-04-05 14:32:30] rapidtrades : idk maybe if arbing here starts to make sense
[2016-04-05 14:33:11] nip : "When trading a DPE contract, margin is locked versus that position which produces an exact liquidation price. Because of how volatile the underlying markets are, we immediately liquidate a position once the liquidation price has been breached irregardless of any open orders that attract additional margin."
[2016-04-05 14:33:33] rapidtrades : another problem is they log u out after 5 mins....so unless u want to log in/out all the time, u have to let it clog up resources
[2016-04-05 14:34:01] rapidtrades : after u close the tab, u have to get back in after 5 mins or ur logged out ^^^
[2016-04-05 14:34:11] sleger : nip: that's not what they somewhat said in the chat, I agree with you it's not fair.
[2016-04-05 14:34:42] rapidtrades : yeah they said smth different in chat
[2016-04-05 14:34:46] sleger : open orders should be canceled and then if still necessary position should be liquidated
[2016-04-05 14:35:01] nip : yeah i pointed out that it would never be acceptable in the industry, and their documents even say they cancel open orders first
[2016-04-05 14:35:09] nip : they insisted the DPE was different and it was working as intended
[2016-04-05 14:35:30] nip : I actually considered filling my liquidation order myself!
[2016-04-05 14:35:34] sleger : they will probably never admit it but silently fix the bug
[2016-04-05 14:37:30] rapidtrades : the guy above me said it clogs up 3 GB...for me its lower but whats the point of upgrading if all it does is allow bitmex to clog up more
[2016-04-05 14:38:11] rapidtrades : guess i should buy alienware just so i can run mex
[2016-04-05 14:38:14] sleger : using ram doesnt slow the system down until very large amount. Anyways someone already told you how to avoid it : minimize the chart that you dont want to see anyways
[2016-04-05 14:38:36] rapidtrades : its minimized
[2016-04-05 14:38:43] BitMEX_Sam : rapidtrades: This is a combination of multiple bugs, both of them out of our control
[2016-04-05 14:38:48] BitMEX_Sam : The first is the chart, which leaks memory like a sieve
[2016-04-05 14:38:55] BitMEX_Sam : The other is Chrome itself, which does not reclaim memory on a refresh
[2016-04-05 14:39:02] rapidtrades : BitMEX_Sam: on FF here
[2016-04-05 14:39:06] BitMEX_Sam : FF does it as well
[2016-04-05 14:39:10] sleger : BitMEX_Sam: closing tab and reopening fix it ?
[2016-04-05 14:39:21] BitMEX_Sam : Yes, but you have to start a new tab, not ctrl-shift-T to reopen
[2016-04-05 14:39:25] rapidtrades : well crap
[2016-04-05 14:39:33] rapidtrades : ok let me try
[2016-04-05 14:39:38] BitMEX_Sam : rapidtrades: I've seen Chrome have *much* better perf than FF on BitMEX
[2016-04-05 14:39:52] BitMEX_Sam : I'm working to trace it down but over 50% of the frame time is stuck in painting, not in app logic
[2016-04-05 14:40:03] sleger : BitMEX_Sam: but have you tried on a 486 processor like rapid uses ?
[2016-04-05 14:40:17] BitMEX_Sam : I was actually just thinking today of running a program to throttle my personal laptop so these problems are more evident
[2016-04-05 14:40:30] BitMEX_Sam : It's a problem that most developers have powerful machines and can't see these issues because they don't experience them
[2016-04-05 14:41:37] rapidtrades : that's why for asked option to not even load the chart...i have it minimized...right now there's a blank square in the middle of my interface...and ironically its that blank space that f*cks me up
[2016-04-05 14:41:50] BitMEX_Sam : rapidtrades: Switch to the Advanced mode
[2016-04-05 14:42:11] BitMEX_Sam : Then you can just drag it out of the way.
[2016-04-05 14:42:30] rapidtrades : BitMEX_Sam: but i already have it minimized?
[2016-04-05 14:42:35] BitMEX_Sam : I recently added the option to switch to the single-column orderbook in Advanced mode, so there shouldn't be much reason to stick with Basic since you've been on the site for a while
[2016-04-05 14:42:46] BitMEX_Sam : Right - memory usage is the same, I am referring to the gaping hole in your layout
[2016-04-05 14:43:10] rapidtrades : look dude...basic doesn't need a chat, kill it
[2016-04-05 14:43:28] sleger : no more chat for you, yeahhhhhhh
[2016-04-05 14:43:34] sleger : :p
[2016-04-05 14:43:39] rapidtrades : chart**
[2016-04-05 14:44:30] rapidtrades : there's no chart shows on any other trading interface...dunno why we constantly have to re-invent the wheel here
[2016-04-05 14:45:55] BitMEX_Sam : There are plenty of other interfaces with charts
[2016-04-05 14:46:53] nip : sleger: I had a short of 3868 eth liquidated at 0.02902 with a healthy donation to the insurance fund over the bug i mentioned earlier.
[2016-04-05 14:46:56] rapidtrades : like what btc-e?
[2016-04-05 14:47:16] rapidtrades : they have mt4 which is slighting fast compared to browser tech
[2016-04-05 14:47:52] rapidtrades : any 3rd party software thats bitmex compatible?
[2016-04-05 14:48:00] rapidtrades : maybe i can use that instead
[2016-04-05 14:48:15] BitMEX_Sam : Yeah, vbmithr was working on Sierra Chart compatibility through DTC
[2016-04-05 14:48:21] BitMEX_Sam : Not sure of the status but he had pricing data going through it at least
[2016-04-05 14:48:27] BitMEX_Sam : http://bitsouk.com/
[2016-04-05 14:49:10] rapidtrades : tnx
[2016-04-05 14:56:24] hitme1 : All i can say is i've never had lagging problems on a 2009 macbook with 4gb RAM, using chrome
[2016-04-05 14:56:49] hitme1 : mid-2010* sorry, still old
[2016-04-05 16:19:44] rapidtrades : hitme1: who the f are u pleb
[2016-04-05 16:19:52] rapidtrades : first time im seeing u here
[2016-04-05 16:36:48] sleger : why do you call everyone pleb. You're the only one here with a pre-Pentium area laptop
[2016-04-05 16:37:39] sleger : no problem either with macbook pro 2015 with 16gb of ram btw
[2016-04-05 16:51:49] rapidtrades : oh a 16 gb ram...clearly that's standard and not at all high-end
[2016-04-05 16:52:55] rapidtrades : maybe i should buy a new PC and just f*cking log it on airplanes
[2016-04-05 16:55:26] rapidtrades : hell even 8gb isn't standard on most new ultrabooks
[2016-04-05 17:02:10] sleger : 8gb is the min on a new pc
[2016-04-05 17:05:45] hitme1 : rapidtrades: get REKT
[2016-04-05 17:31:21] REKT : Liquidated long on `ETH7D`: Sell 30 @ 0.02509
[2016-04-05 17:31:36] REKT : Liquidated long on `ETH7D`: Sell 3 @ 0.02508 :punch: :whale:
[2016-04-05 17:36:36] REKT : Liquidated long on `ETH7D`: Sell 2030 @ 0.02466
[2016-04-05 17:44:16] uiop : SOME FOLKS ARE SELLING THE ETHERBUX
[2016-04-05 17:44:49] uiop : moment of truth for if another downleg
[2016-04-05 17:45:00] uiop : (on 1min chart)
[2016-04-05 17:47:41] uiop : still moment of truthing
[2016-04-05 17:59:48] BTCVIX : nip: you there
[2016-04-05 18:02:35] uiop : zzzzzzz
[2016-04-05 18:03:36] BTCVIX : nip: I am not sure there is an exact liquidation price considering they use the "fair market pricing" system
[2016-04-05 18:06:29] nip : BTCVIX: I understand the fair market pricing and think its perfectly reasonable.
[2016-04-05 18:06:55] BTCVIX : nip: at least what you are explaining to me it sounds like you are correct though
[2016-04-05 18:08:55] nip : I'm sure I am, and everyone I have mentioned it to has agreed so far.
[2016-04-05 18:09:07] Bauer : BTC has been quite bullish
[2016-04-05 18:09:22] j8 : nip: were they on cross margin or isolated?
[2016-04-05 18:09:25] Bauer : I wonder what happens when china wakes up
[2016-04-05 18:09:35] nip : j8: cross
[2016-04-05 18:10:01] j8 : if you have multiple positions on cross, the liquidation price can change
[2016-04-05 18:10:09] BTCVIX : nip: have you spoken to Sam , Arthur or Wally about it ? and what have they said ?
[2016-04-05 18:10:21] tscha : nip: I agree it's more reasonable and they should change it. But did they claim something else at some point?
[2016-04-05 18:10:44] habibi : btw u get liquidated on all positions or only first that reached liquidation price?
[2016-04-05 18:11:19] nip : i spoke to wally and arthur, they agreed it was due to open orders, i was liquidated on one of my 3 positions
[2016-04-05 18:12:00] habibi : open orders or positions?
[2016-04-05 18:12:16] nip : open orders
[2016-04-05 18:12:32] BTCVIX : nip: did you find anything in the documents
[2016-04-05 18:13:09] habibi : oh i thought they are just cancelled to make spare funds to cover more margin
[2016-04-05 18:13:26] BTCVIX : habibi: that was my understanding as well
[2016-04-05 18:13:33] nip : habibi: thats what i expected
[2016-04-05 18:13:46] tscha : Did they ever claim that? I don't think so
[2016-04-05 18:14:30] BTCVIX : Margin Call Excess Margin dips below 0% THEN 0% < Excess Margin < Target Excess Margin Close all open orders. Unable to open new positions. Unable to increase existing positions.
[2016-04-05 18:14:43] BitMEX_Sam : That's true on the XBU contracts because they are portfolio margined, but DPE contracts use a different system
[2016-04-05 18:14:47] BTCVIX : only apply to BitMEX XBU
[2016-04-05 18:15:18] BTCVIX : might want to make that clear @BitMEX_Sam as your documents suck to put it lightly
[2016-04-05 18:15:34] BitMEX_Sam : Thanks BTCVIX :+1:
[2016-04-05 18:15:41] BTCVIX : no problem
[2016-04-05 18:15:47] nip : i was seriously debating filling my own liquidation order as i had several times the margin needed to do so
[2016-04-05 18:15:51] nip : that was a strange position to be in
[2016-04-05 18:16:23] BTCVIX : as you could see your liquidation on the books just sitting there -- and you thought about opening a position in to it ?
[2016-04-05 18:16:31] nip : yeah
[2016-04-05 18:16:39] BTCVIX : that is an interesting situation to be in
[2016-04-05 18:16:48] nip : i had about 10 btc available and it would have taken under 3 to hold the position
[2016-04-05 18:17:34] j8 : BitMEX_Sam: so on DPE contracts, open orders aren't canceled before forced liquidation?
[2016-04-05 18:17:43] BitMEX_Sam : Not on other contracts
[2016-04-05 18:17:46] BTCVIX : j8: that is correct
[2016-04-05 18:18:32] habibi : BitMEX_Sam: any serious reason why is that?
[2016-04-05 18:18:39] j8 : on cross margin they really should be.
[2016-04-05 18:18:55] nip : orders are more likely to get you liquidated than positions as initial margin is higher than maintenance margin requirement!
[2016-04-05 18:19:16] BTCVIX : nip: this is a really good point ^^
[2016-04-05 18:19:43] BTCVIX : don't worry I am sure BitMEX Sam has an answer for us
[2016-04-05 18:19:52] BitMEX_Sam : The issue has to do with the comprehensive risk checks we run, and the time they take - we are planning to support canceling orders in other contracts soon
[2016-04-05 18:20:04] BTCVIX : "soon"
[2016-04-05 18:20:12] BTCVIX : yes ... very "soon"
[2016-04-05 18:20:20] BTCVIX : but glad you are "working on it"
[2016-04-05 18:20:34] nip : BitMEX_Sam: maint_margin > margin_balance ?
[2016-04-05 18:20:39] nip : takes 1 cycle at most
[2016-04-05 18:21:01] BitMEX_Sam : It doesn't, because orders would need to canceled one by one and the full portfolio remargined
[2016-04-05 18:21:02] BTCVIX : at the very least I do think that should be articulated in the documents -- I am not seeing much on the DPE FAQ in regards to that
[2016-04-05 18:21:16] BitMEX_Sam : The FAQ makes it clear that once a position reaches the liquidation price, it is liquidated
[2016-04-05 18:21:36] BitMEX_Sam : Liquidation price is made quite prominent.
[2016-04-05 18:21:40] BTCVIX : but you should do more to distinguish the differences in contracts
[2016-04-05 18:22:04] tscha : Though I gotta say that I don't understand why someone would just expect the system cancelling orders automatically, when there is no mention about it in the docs. Pretty risky gamble.
[2016-04-05 18:22:26] BTCVIX : nip: appears to have made an honest mistake -- I am sure if he was aware of the protocol being DIFFERENT then he wouldn't have had open orders
[2016-04-05 18:23:09] BTCVIX : tscha: it mentions it on the other docs that are labeled MARGIN CALL ?LIQUIDATION -- so I can see from UI UX standpoint how people would confuse this
[2016-04-05 18:23:34] nip : i believe the dpe docs reference maintenance margin as well
[2016-04-05 18:24:06] nip : the result was me being forced out of my eth position at 0.02902 and making a large donation to the insurance fund