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<< >> English 中文 Русский 한국어 日本語 Español Français [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 [2016-04-05 18:24:23] BTCVIX : the idea is to .... welll.. be transparent ... that means being CLEAR about how things work -- I think it is a little confusing having a page labeled that and then one for DPE -- most people that come on have no idea what DPE is so it easily get confused where those rules apply [2016-04-05 18:25:29] BitMEX_Sam : It quite clearly states that the below rules only apply for XBU and to see the other doc for DPE rules [2016-04-05 18:25:39] BTCVIX : to me it just looks like they were lazy and didn't want to re-write the document FAQs properly [2016-04-05 18:25:46] BTCVIX : it is more like a footnote [2016-04-05 18:26:12] BTCVIX : BitMEX_Sam: sure -- but people are confused so that UI UX issue that is on the exchange [2016-04-05 18:26:15] nip : BitMEX will specify an initial and maintenance margin for each contract. For example, a contract with 25x leverage will have a 4% initial margin and 1% maintenance margin. If the maintenance margin level is breached, the trader will be liquidated at their bankruptcy price. [2016-04-05 18:26:28] nip : that is what the other doc says, correct? [2016-04-05 18:26:33] tscha : nip: where in the docs do you get an impression that open orders are canceled before liquidation? [2016-04-05 18:26:48] nip : tscha: because every other futures exchange in the history of the world does that [2016-04-05 18:27:46] BTCVIX : nip: well I wouldn't assume bitmex is the same -- they are a parimutal betting platform at least with DPE -- but I just think the docs should be clearer on this [2016-04-05 18:28:42] tscha : nip: ok. just wanted to check if there is a mistake / false impression in the docs, because from what I see, there isn't [2016-04-05 18:28:56] tscha : though I agree that it should be changed and open orders should be canceled [2016-04-05 18:28:59] j8 : tscha: on the page https://www.bitmex.com/app/marginCall , but there's a note that that only applies to XBU [2016-04-05 18:29:08] BitMEX_Sam : I'm going to make the docs more clear on this. [2016-04-05 18:29:16] nip : tscha this is what the dpe doc says [2016-04-05 18:29:17] nip : "BitMEX will specify an initial and maintenance margin for each contract. For example, a contract with 25x leverage will have a 4% initial margin and 1% maintenance margin. If the maintenance margin level is breached, the trader will be liquidated at their bankruptcy price." [2016-04-05 18:29:21] BTCVIX : BitMEX_Sam: has the world ended ? [2016-04-05 18:29:23] BTCVIX : wow [2016-04-05 18:29:32] nip : my maintenance margin level was not breached [2016-04-05 18:29:37] BTCVIX : making things more clear -- applause please [2016-04-05 18:30:01] BitMEX_Sam : nip: It was, your excess margin was less than the maintenance margin requirement [2016-04-05 18:30:20] BitMEX_Sam : Rather, you had 0 excess margin [2016-04-05 18:30:55] BTCVIX : BitMEX_Sam: I see your point but making things clearer should avoid this situation in the future [2016-04-05 18:31:03] BitMEX_Sam : :+1: [2016-04-05 18:32:39] BTCVIX : nip: I definitely understand your confusion -- hopefully this works out for you -- if I were @BitMEX_Sam I would probably reach out to as a user in a good faith effort and offer some form of reprive -- you sound like you really want to use the platform more and are interested -- just got confused and burned on this one thing [2016-04-05 18:42:38] BTCVIX : BitMEX_Sam: also only 1 contract series use that system highlighted under "Margin Call and Liquidation" -- how many series do you have now ? 7d, 24hr, 48hr, ETH, FACT, A50 ? so 1/7 of the contracts used that system yet it is the most likely thing someone is going to click on when they have questions about margin call/liqiudation [2016-04-05 18:43:15] BitMEX_Sam : Yeah, that's a good point - I'll split the docs out. Things have changed so much on the platform that the docs have gotten a bit disorganized [2016-04-05 18:43:39] BitMEX_Sam : The series are by rootSymbol btw - so XBU, XBT, ETH, FCT, A50 [2016-04-05 18:43:55] BTCVIX : BitMEX_Sam: agreed -- good that you recognize how this can lead to confusion [2016-04-05 18:44:50] BTCVIX : but yeah so XBU vs XBT, ETH, FCT, A50 -- only the one using the non-DPE system -- I am not going to beat this anymore -- you seem to understand [2016-04-05 20:16:09] BitMEX_Sam : Reworked the structure of the docs, new starting point at https://www.bitmex.com/app/tradingOverview and a clearer distinction between most contracts and XBU [2016-04-05 20:59:36] uiop : eth banga incoming [2016-04-05 21:01:51] REKT : Liquidated long on `ETH7D`: Sell 978 @ 0.02449 [2016-04-05 21:04:28] uiop : we got some srs moment of truthing rite here [2016-04-05 21:04:31] uiop : yessir [2016-04-05 21:04:43] uiop : https://cryptowat.ch/poloniex/ethbtc/1m [2016-04-05 21:16:49] uiop : it's a nailbiter [2016-04-05 21:22:23] uiop : TICK TOCK [2016-04-05 21:56:22] REKT : Liquidated long on `ETH7D`: Sell 12 @ 0.02433 [2016-04-05 22:05:07] REKT : Liquidated long on `ETH7D`: Sell 290 @ 0.02424 [2016-04-05 22:08:58] uiop : SOME [2016-04-05 22:09:00] uiop : FOLKS [2016-04-05 22:09:00] uiop : ARE [2016-04-05 22:09:02] uiop : SELLING [2016-04-05 22:13:58] chessnut : woop wooop [2016-04-05 22:14:08] habibi : awsome [2016-04-05 22:14:21] REKT : Liquidated long on `ETH7D`: Sell 16 @ 0.02387 [2016-04-05 22:15:15] chessnut : i just came to short [2016-04-05 22:15:56] habibi : a little bit risky place to do but yea hope it will futher [2016-04-05 22:21:36] REKT : Liquidated short on `ETH7D`: Buy 105 @ 0.02449 [2016-04-05 22:21:54] nip : REKT: really...? [2016-04-05 22:22:15] chessnut : is REKT a bot? [2016-04-05 22:22:42] nip : no, REKT is the guy who liquidates shorts on ETH7D [2016-04-05 22:22:55] chessnut : cool [2016-04-05 22:22:58] BitMEX_Sam : chessnut: :) It's a bot [2016-04-05 22:22:59] nip : very cool [2016-04-05 22:23:06] BitMEX_Sam : He's connected to our websocket liquidation feed [2016-04-05 22:23:12] BitMEX_Sam : Run by the user @micmix [2016-04-05 22:23:16] chessnut : hehe thought so [2016-04-05 22:23:42] BitMEX_Sam : We were going to add our own feed, but he got to it before we had the development time to implement it ourselves - he injects a bit of humor into it, which we enjoy [2016-04-05 22:24:30] uiop : lmao https://cryptowat.ch/bitfinex/ethusd/1m [2016-04-05 22:24:31] uiop : FINEX DOESNT KNOW WHAT TO THINK [2016-04-05 22:27:26] chessnut : poor old REKT always getting liquidated [2016-04-05 22:36:20] Cryptolicious : who wants to buy here [2016-04-05 22:41:45] chessnut : i really dig the custom deposit addresses [2016-04-05 22:42:01] chessnut : 1BMEX [2016-04-05 22:42:04] chessnut : lol [2016-04-05 22:42:41] BitMEX_Sam : chessnut: 3BMEX :) [2016-04-05 22:43:03] chessnut : even better =D [2016-04-05 22:43:41] BitMEX_Sam : We're actually, as far as I know, one of the only if not the only organization that does vanity multisig addresses [2016-04-05 22:43:47] BitMEX_Sam : Wally did a fork to vanitygen himself [2016-04-05 22:44:13] chessnut : lol [2016-04-05 22:56:36] REKT : Liquidated short on `ETH7D`: Buy 49 @ 0.02468 [2016-04-05 23:08:47] Cryptolicious : giant spread [2016-04-05 23:57:09] IChTj4OeMavRq6qeIyEb : Is the .05% settlement fee charged on a XBT48H position when it rolls over to XBT24H? [2016-04-06 01:32:29] IChTj4OeMavRq6qeIyEb : BitMEX_Sam: ? [2016-04-06 01:57:37] vbmithr : Hey [2016-04-06 01:57:54] IChTj4OeMavRq6qeIyEb : Hey how goes it? [2016-04-06 02:20:42] BitMEX_Wally : IChTj4OeMavRq6qeIyEb: There is no settlement fee when XBT48H becomes XBT24H. [2016-04-06 02:21:01] IChTj4OeMavRq6qeIyEb : BitMEX_Wally: Thanks! [2016-04-06 02:26:43] micmix : BitMEX_Wally: I see that you started to re-balance XBT48H. Is it re-balanced at 24H settled price? [2016-04-06 02:36:23] BitMEX_Wally : micmix: No, that wouldn't be fair [2016-04-06 02:36:36] BitMEX_Wally : micmix: It is rebalanced at the XBT48H mark price, and then XBT24H inherits that mark price [2016-04-06 02:37:07] micmix : can I see re-balance price somewhere? [2016-04-06 02:37:20] BitMEX_Wally : https://www.bitmex.com/app/settlementHistory [2016-04-06 02:37:32] BitMEX_Wally : Also in your Trade History there is now a 'Rebalance' transaction [2016-04-06 02:41:29] micmix : ok, thanks. You used to show re-balance price on hover over entry price on the sidebar but it doesn't work anymore. I guess I'll have to ping BitMEX_Sam tomorrow [2016-04-06 02:44:11] BitMEX_Wally : Well spotted, I'll raise a ticket [2016-04-06 02:44:34] BitMEX_Sam : That's not a bug - [2016-04-06 02:44:39] BitMEX_Sam : There is that arrow icon, click it [2016-04-06 02:45:09] micmix : BitMEX_Sam: ah cool, thanks [2016-04-06 02:45:38] BitMEX_Sam : Perhaps this is not quite evident enough [2016-04-06 02:46:46] micmix : IMHO re-balance for XBT48H makes it a bit more complicated for regular users [2016-04-06 02:47:53] micmix : unrealized PNL doesn't match entry price shown in the UI anymore. most users don't trade quarterly and didn't have to deal with re-balancing before [2016-04-06 02:48:49] micmix : just my 2 coins :-) I understand that you are doing it for our benefit, to release our profits [2016-04-06 02:49:39] micmix : well most users don't trade 48H either, so maybe it's not a concern [2016-04-06 02:50:59] micmix : BitMEX_Sam: that arrow icon looks like 'swap', maybe something like 'info' would be better [2016-04-06 02:58:56] BitMEX_Sam : :+1: That's a good suggestion [2016-04-06 03:02:49] IChTj4OeMavRq6qeIyEb : :bitcoin: [2016-04-06 03:03:15] IChTj4OeMavRq6qeIyEb : `test` [2016-04-06 03:03:23] IChTj4OeMavRq6qeIyEb : `:bitcoin:` [2016-04-06 03:03:33] IChTj4OeMavRq6qeIyEb : Had to figure out how I did that again [2016-04-06 03:04:22] BitMEX_Sam : IChTj4OeMavRq6qeIyEb: See http://www.emoji-cheat-sheet.com/ [2016-04-06 03:04:28] BitMEX_Sam : Most of those should work here. [2016-04-06 03:17:10] IChTj4OeMavRq6qeIyEb : :smirk: [2016-04-06 03:17:12] IChTj4OeMavRq6qeIyEb : Cool [2016-04-06 03:17:50] IChTj4OeMavRq6qeIyEb : My trading balance :chart_with_downwards_trend: [2016-04-06 04:07:16] BitMEX_Arthur : Anyone who is interested in providing feedback on contract terms for our exchange default futures please send me an email arthur@bitmex.com [2016-04-06 04:19:00] IChTj4OeMavRq6qeIyEb : BitMEX_Arthur: Is there a survey of some sort or just any feedback in general? [2016-04-06 04:29:10] BitMEX_Arthur : IChTj4OeMavRq6qeIyEb: There will be a draft contract terms shared with people over a google docs and then people can comment [2016-04-06 04:45:04] IChTj4OeMavRq6qeIyEb : BitMEX_Arthur: Why are the contracts changing? [2016-04-06 05:10:27] BitMEX_Arthur : IChTj4OeMavRq6qeIyEb: it is a new product that will help traders buy insurance against the default of an exchange [2016-04-06 05:10:34] BitMEX_Arthur : and other traders will sell it to them [2016-04-06 05:11:23] mwalshe99 : exchange default? [2016-04-06 05:11:23] IChTj4OeMavRq6qeIyEb : Ohh got it. Very cool. I thought you meant default as in the standard contracts like XBT24H [2016-04-06 05:11:52] mwalshe99 : you guys gonna bet big on your own failure? [2016-04-06 05:12:11] IChTj4OeMavRq6qeIyEb : mwalshe99: Other exchanges of course haha, not BitMEX [2016-04-06 05:12:26] mwalshe99 : oh thank fuck for that [2016-04-06 05:12:43] mwalshe99 : got reall concerned there [2016-04-06 05:13:25] IChTj4OeMavRq6qeIyEb : `:bitcoin:` [2016-04-06 05:13:39] IChTj4OeMavRq6qeIyEb : <blink>blink still work</blink> [2016-04-06 05:13:51] IChTj4OeMavRq6qeIyEb : Thought that was fixed haha [2016-04-06 05:20:16] IChTj4OeMavRq6qeIyEb : **:bitcoin:** [2016-04-06 05:24:10] vbmithr : exchange defualt futures? [2016-04-06 05:30:18] nip : vbmithr: for example it might settle at 1 btc if the woodchipper gets goxed by september and settle at 0 otherwise [2016-04-06 05:30:30] nip : at least thats what i assume we're talking about [2016-04-06 05:44:33] BitMEX_Arthur : nip: yes the question is what constitutes a default [2016-04-06 05:45:34] BitMEX_Arthur : We floated the idea a while back but now Wally is working on implementin them in the trading engine [2016-04-06 05:50:52] miramm1115 : BitMEX_Arthur: how about a contract for okc socialized losses, so we could insurance against clawbacks [2016-04-06 05:51:06] miramm1115 : * buy insurance [2016-04-06 06:25:03] splash : BitMEX_Arthur: is there short keys for opening the calculator? [2016-04-06 06:25:12] BitMEX_Arthur : miramm1115: not likely to appear here as we would rather you just trade our futures product [2016-04-06 06:25:25] BitMEX_Arthur : splash: not that I'm aware of I'll ask Sam [2016-04-06 06:25:35] splash : BitMEX_Arthur: it would be real nice to have :) [2016-04-06 06:25:37] splash : :) [2016-04-06 06:26:00] miramm1115 : BitMEX_Arthur: fair point [2016-04-06 06:27:35] splash : BitMEX_Arthur: Ive got another request. I personally always think in percentage points when I calc my risk. It would be super nice if I could insert my risk, in percentage, and have the calculator calc how many contracts I should work with [2016-04-06 06:28:42] splash : i.e. instead of inuting number of contracts and have the calc tell me how many bitcoins i will loose, it would be nice if I can say how many bitcoins I can accept loosing and then have the calc outputing how many contracts i should work with [2016-04-06 06:30:04] splash : BitMEX_Arthur: when clicking the Profis/Loss field, it could turn into an input field and the contract input turns into ordinary text. that would do it for me [2016-04-06 07:37:46] Kahuna : factom going down. shorting to motha :-) [2016-04-06 08:24:01] REKT : Liquidated long on `XBT24H`: Sell 400 @ 421.68 [2016-04-06 08:52:32] REKT : Liquidated long on `XBT24H`: Sell 4700 @ 421.21 [2016-04-06 09:03:51] Kahuna : bye bye factom. please go to zero [2016-04-06 09:19:21] REKT : Liquidated short on `ETH7D`: Buy 2200 @ 0.02497 [2016-04-06 09:20:36] REKT : Liquidated short on `ETH7D`: Buy 55 @ 0.02511 [2016-04-06 09:20:51] REKT : Liquidated short on `ETH7D`: Buy 251 @ 0.02515 [2016-04-06 09:27:07] REKT : Liquidated short on `ETH7D`: Buy 99 @ 0.02548 [2016-04-06 09:53:21] REKT : Liquidated short on `ETH7D`: Buy 2 @ 0.02580 :punch: :whale: [2016-04-06 11:37:49] Bauer : How can the sell price in my liquidation be lower than the lowest price in markets? [2016-04-06 11:39:27] Bauer : The forced sell in my liquidation was at 419.09 and lowest sells at that time were 420.98 =o [2016-04-06 11:41:03] Bauer : If charts here are correct [2016-04-06 11:41:20] BombaUcigasa : DPE [2016-04-06 11:41:26] j8 : then it got filled on the way to 419.09 [2016-04-06 11:42:34] BitMEX_Arthur : Bauer: You close out order is filled at your bankruptcy price, which is lower than your liquidation price [2016-04-06 11:43:49] BitMEX_Arthur : The trading engine then attempts to close your order out in the market better than the bankruptcy price [2016-04-06 11:44:28] Bauer : Ok.. So basically at liquidation every penny is gone it seems? [2016-04-06 11:45:15] Bauer : That is in the contracts [2016-04-06 11:49:54] BitMEX_Wally : Yes, the position and any remaining margin is taken over by the system and closed out. [2016-04-06 11:50:08] BitMEX_Wally : https://www.bitmex.com/app/dynamicProfitEqualisation [2016-04-06 14:05:41] nip : does anyone here trade the factom futures? [2016-04-06 14:13:37] REKT : Liquidated long on `ETH7D`: Sell 25 @ 0.02515 [2016-04-06 14:15:33] BitMEX_Greg : nip: What are your thoughts about Factom anyway? [2016-04-06 14:33:49] nip : BitMEX_Greg: no idea what it is. i just want to trade it long or short either way! [2016-04-06 14:37:43] nip : i wish there were longer dated futures for ETH A50 and FCT [2016-04-06 14:37:57] nip : also it is impossible to roll right now [2016-04-06 14:54:05] sleger : yes it's true, there is so much liquidity on a50 for instance that we should split it across multiple maturities [2016-04-06 14:59:10] nip : i'd like to hold long term positions in alts here [2016-04-06 14:59:40] nip : quarterlies would be ideal [2016-04-06 15:01:03] j8 : wow 6 days since the last trade on A50 [2016-04-06 15:01:21] nip : 111 btc in open interest isnt too bad though [2016-04-06 15:03:55] seaplusplus : my open orders are not showing on the chart [2016-04-06 15:03:58] seaplusplus : how can I fix that [2016-04-06 15:03:58] seaplusplus : ? [2016-04-06 15:07:53] BitMEX_Wally : seaplusplus: They might be quite low down. Scale the chart by dragging the price axis [2016-04-06 15:22:45] BitMEX_Greg : nip: What type of length would you be happy with for a longer term contract on ETH? [2016-04-06 15:23:26] nip : quarterly would be ideal [2016-04-06 15:23:45] nip : in the current weekly only format it is impossible to manage a long term position [2016-04-06 15:23:59] BitMEX_Greg : Leverage would need to be toned down however given the volatility [2016-04-06 15:24:50] nip : yeah that makes sense [2016-04-06 15:25:18] BitMEX_Greg : Do you usually trade with the 25x max leverage anyway? [2016-04-06 15:25:52] nip : no [2016-04-06 15:26:26] nip : i use cross margin and dont plan on being liquidated [2016-04-06 15:26:49] BitMEX_Greg : Right, [2016-04-06 15:26:51] nip : lower leverage would be fine [2016-04-06 15:27:20] BitMEX_Greg : I'll run it past the guys, see what type of leverage we can utilise for a quarterly [2016-04-06 15:31:10] j8 : i figure it would be hard to get liquidity on an eth quarterly. it would be super volatile [2016-04-06 15:35:13] nip : i would be happy with some liquidity some of the time [2016-04-06 15:38:47] BitMEX_Greg : That's my concern, a quarterly contract would be difficult. Bitcoin has an established forward curve already. However, if there is interest in a quarterly then we can take a look into it [2016-04-06 15:39:53] nip : its not a quanto series so it shouldnt be too difficult to value [2016-04-06 15:43:34] j8 : i guess the volatile premiums partly come from high leverage, the old XBU quarterlies never got bought up like on okc [2016-04-06 17:15:04] mpkomara : ANYONE RIDIN SPINNERS? [2016-04-06 17:15:35] nip : mpkomara: name a market and i will trade either side of it [2016-04-06 17:15:42] nip : except for xbu of course [2016-04-06 17:17:00] mpkomara : https://poloniex.com/exchange#btc_cga [2016-04-06 17:17:09] mpkomara : i want this added [2016-04-06 17:17:14] mpkomara : i LOVE enjoyable gambles [2016-04-06 17:18:30] nip : i would rather see monero added [2016-04-06 17:22:29] habibi : i would rather see altmex in general with more shitcoins to trade :p [2016-04-06 17:24:14] mpkomara : i love shitcoins [2016-04-06 17:24:19] mpkomara : its like surfing [2016-04-06 17:29:57] aaa10247 : can you lend out eth or btc on bitmex to other traders for interest? [2016-04-06 17:36:55] BitMEX_Wally : No, but you can short a future and earn the basis. [2016-04-06 17:37:07] BitMEX_Wally : For example XBTU16 is trading at $534 [2016-04-06 17:39:55] BitMEX_Wally : So if you sold the future at $534 and bought spot at $421 and hold until expiry in September you are effectively earning 50% interest rate on a per annum basis [2016-04-06 17:41:11] aaa10247 : got it. thank you. will look into this further. [2016-04-06 17:57:59] sleger : BitMEX_Wally: that is not true [2016-04-06 17:58:04] sleger : prices can move [2016-04-06 17:58:12] sleger : and the hedge does not work [2016-04-06 17:58:14] BitMEX_Wally : Yes, you have to hedge your short USD gamma [2016-04-06 17:58:20] sleger : shouldnt say that to newbs [2016-04-06 18:00:37] arbitrage001 : anyone who trade without doing homework [2016-04-06 18:01:17] arbitrage001 : get what they deserve [2016-04-06 18:04:56] messiaen8844 : check out BitMEX blog for arbitrage webinars, good stuff [2016-04-06 19:10:55] BTCVIX : BitMEX_Sam: yeah I see you added that (Start Here) section and clarified that Margin call section at current is (XBU) series only) this is good. At some time though probably have to do a complete overhaul of the docs and come up with a good way to compare and contract etc. [2016-04-06 20:34:44] seaplusplus : VIX do you even trade here? [2016-04-06 21:09:00] BombaUcigasa : No, but probably his shilldren do [2016-04-06 21:34:35] seaplusplus : lol [2016-04-06 22:54:35] j8 : index and mark price are nowhere to be seen on advanced view.. [2016-04-06 23:30:51] Cawley22 : Is there a wrong answer for "Please select a country of residence before depositing" ..... [2016-04-06 23:35:39] BombaUcigasa : Yes [2016-04-07 00:58:40] BitMEX_Wally : We cannot accept US residents [2016-04-07 01:21:06] darius177 : mpkomara: [2016-04-07 01:22:12] nip : lets trade! [2016-04-07 01:31:10] BitMEX_Sam : j8: Apologies for that, if you refresh you'll be able to scroll the sidebar again [2016-04-07 01:33:43] j8 : still don't see it [2016-04-07 01:34:51] BitMEX_Sam : If you have the orderbook in 'dual' mode, it's in the sidebar [2016-04-07 01:34:59] BitMEX_Sam : If you have it in single-column mode, it's in the middle of the orderbook [2016-04-07 01:36:45] dropixx : why can't you accept U.S residents? [2016-04-07 01:39:41] BitMEX_Wally : dropixx: We are not licensed by the CFTC [2016-04-07 01:40:57] j8 : BitMEX_Sam: ah, i had to toggle it back and forth to get it in the sidebar on dual [2016-04-07 01:42:19] dropixx : why don't you get certified [2016-04-07 01:45:00] dropixx : it's probably complicated..but your site is cool. hopefully one day it will be available to US residents [2016-04-07 01:48:15] BitMEX_Wally : dropixx: Yes, the cost of being licensed is quite high and the number of US customers is not enough to justify it yet [2016-04-07 01:51:40] miramm1115 : BitMEX_Wally: as far as I remember you were showing mark price and estimated settle price on the sidebar. I don't see it anymore [2016-04-07 01:51:55] miramm1115 : under contract details [2016-04-07 01:58:03] BitMEX_Wally : Refresh the page [2016-04-07 01:58:21] BitMEX_Wally : `Contract Details: XBT24H 421.23 421.72/ 421.62` [2016-04-07 01:58:32] BitMEX_Wally : First number is the last traded price [2016-04-07 01:58:48] BitMEX_Wally : Second number is the underlying price (i.e. indicative settle price) [2016-04-07 01:58:53] BitMEX_Wally : Third number is the mark price [2016-04-07 02:03:24] miramm1115 : BitMEX_Wally: this is how it looks on my screen: http://imgur.com/25ttHjp [2016-04-07 02:04:50] BitMEX_Wally : miramm1115: Hmmm [2016-04-07 02:06:08] miramm1115 : BitMEX_Wally: it's not urgent, maybe BitMEX_Sam will take a look when he has time [2016-04-07 02:07:35] j8 : miramm1115: i had to switch the orderbook to Single and back to Dual to get it to show up [2016-04-07 02:07:50] BitMEX_Wally : Yes, it is not shown when the Order book is in Single column mode [2016-04-07 02:08:12] miramm1115 : j8: thanks, it did show up [2016-04-07 02:08:39] miramm1115 : BitMEX_Wally: it was in dual [2016-04-07 02:09:11] BitMEX_Wally : Yeah we were not detecting the initial state correctly [2016-04-07 02:09:14] BitMEX_Wally : We will fix [2016-04-07 02:09:29] miramm1115 : thanks, all good! @BitMEX_Wally [2016-04-07 02:33:01] nip : anyone want to trade china and factom? [2016-04-07 02:33:11] nip : doesnt seem to be much action there [2016-04-07 02:41:04] BitMEX_Wally : Someone has registered a BitMEX affiliate page for a product we do not even have: http://www.shcomp.co [2016-04-07 02:42:05] BitMEX_Wally : @ETHXBT: You cannot trade the Shanghai Composite on BitMEX, you must be confused [2016-04-07 02:46:54] BitMEX_Arthur : nip: If you want a price on China let me know [2016-04-07 02:53:45] mpkomara : nip: I DONT EVEN KNOW WHAT A FACTOM IS HONK HONK [2016-04-07 04:11:42] REKT : Liquidated long on `XBT24H`: Sell 1640 @ 419.65 [2016-04-07 04:14:22] REKT : Liquidated long on `XBT7D`: Sell 1500 @ 419.29 [2016-04-07 04:14:22] REKT : Liquidated long on `XBT7D`: Sell 5000 @ 419.30 [2016-04-07 04:14:22] REKT : Liquidated long on `XBT24H`: Sell 500 @ 419.36 [2016-04-07 04:14:26] REKT : Liquidated long on `XBT7D`: Sell 215 @ 418.94 [2016-04-07 04:14:26] REKT : :btc: :soon: :toilet: [2016-04-07 04:14:26] REKT : Liquidated long on `XBT7D`: Sell 155 @ 418.69 [2016-04-07 09:00:54] stevelim : Hi, You seem to eliminate spot/fair price under Contract details, is it on purpose? [2016-04-07 09:02:08] stevelim : Where can I see them easily? Now it is very hard to see them, especially on mobile. [2016-04-07 09:05:11] BitMEX_Wally : stevelim: It's a bug. Toggle the order book single/double column setting [2016-04-07 09:06:09] BitMEX_Wally : If you have Single order book then the spot/fair price appears in the middle of the order book. If you have Dual order book then it appears in Contract Details [2016-04-07 09:06:14] mathewpk13 : what do you guys think about going long today [2016-04-07 09:08:33] stevelim : I had Dual order book, it didn't show under contract details, changed to single order book and change back to dual, now it shows under Contract details [2016-04-07 09:11:01] BitMEX_Wally : Cool, we will fix this bug soon [2016-04-07 09:18:31] mathewpk13 : how to remove indicators from the chart? [2016-04-07 09:47:03] BitMEX_Wally : Right click then "Reset Chart" [2016-04-07 09:47:34] BitMEX_Wally : Actually, Right Click then Indicators -> Remove All Indicators [2016-04-07 10:05:49] mathewpk13 : Thank you [2016-04-07 10:25:36] REKT : Liquidated long on `ETH7D`: Sell 100 @ 0.02493 [2016-04-07 11:45:17] yerb : BitMEX_Wally: is there any possibility to process my withdraw now? [2016-04-07 11:45:34] yerb : cuz i gotta transfer funds fast [2016-04-07 11:46:09] BitMEX_Wally : yerb: Unfortunately BitMEX_Sam is asleep and Arthur is out [2016-04-07 11:46:21] BitMEX_Wally : Takes at least 2 of us to sign the transaction [2016-04-07 11:46:34] yerb : ok [2016-04-07 15:03:35] habibi : hidden order is always executed as last one if there are others orders at same price? [2016-04-07 15:05:08] BitMEX_Greg : habibi: Hi Habibi, I will find out for you [2016-04-07 15:05:29] habibi : thanks [2016-04-07 15:05:36] REKT : Liquidated long on `ETH7D`: Sell 80 @ 0.02446 [2016-04-07 15:06:20] rapidtrades : habibi: hows it goin dude [2016-04-07 15:06:44] habibi : rapidtrades: good, being bearish on eth is finally profitable [2016-04-07 15:07:00] rapidtrades : habibi: tnx for telling me after the fcat [2016-04-07 15:07:04] rapidtrades : fact* [2016-04-07 15:07:43] habibi : i told u before, last time :) [2016-04-07 15:08:37] BitMEX_Wally : Hidden orders are executed as usual, i.e. with price them time priority. They just are not visible in the order book feed [2016-04-07 15:08:49] habibi : understood, thanks [2016-04-07 15:08:52] REKT : Liquidated long on `ETH7D`: Sell 1180 @ 0.02436 [2016-04-07 15:11:16] REKT : Liquidated long on `ETH7D`: Sell 100 @ 0.02407 [2016-04-07 15:11:51] REKT : Liquidated long on `ETH7D`: Sell 10 @ 0.02406 [2016-04-07 15:13:02] rapidtrades : habibi: maybe...my memorah is pretty bad [2016-04-07 15:17:12] sleger : so is your laptop's [2016-04-07 15:20:44] mpkomara : LOL [2016-04-07 15:21:51] rapidtrades : mpkomara: HONK HONK [2016-04-07 15:22:13] mpkomara : SUNNY DAY ON THE SS ARBITRAGE [2016-04-07 15:22:17] mpkomara : LOTS OF FISH [2016-04-07 15:22:24] mpkomara : HONK HONK [2016-04-07 15:33:46] nip : mpkomara: you ready to trade factums? [2016-04-07 15:34:04] mpkomara : nip: i dont even know what a factom is! [2016-04-07 15:36:09] nip : mpkomara: you sure do talk about them a lot [2016-04-07 15:36:30] mpkomara : nip: I just like ACTION [2016-04-07 15:51:39] podizzle3k : whos the derp trying to buy 25 contracts on the roll [2016-04-07 15:51:47] podizzle3k : get that shit outta there its jacking up the botprices [2016-04-07 16:13:22] REKT : Liquidated long on `ETH7D`: Sell 300 @ 0.02391 [2016-04-07 16:15:56] alchemist : what the hell is factom [2016-04-07 16:16:21] REKT : Liquidated long on `ETH7D`: Sell 445 @ 0.02367 [2016-04-07 16:16:40] nip : alchemist: i dont know i just want someone to trade it with me [2016-04-07 16:16:45] nip : i will long or short either side [2016-04-07 16:17:06] REKT : Liquidated long on `ETH7D`: Sell 20 @ 0.02358 [2016-04-07 16:17:06] REKT : Liquidated long on `ETH7D`: Sell 6104 @ 0.02357 [2016-04-07 16:18:41] BitMEX_Sam : Factom is a (relatively) popular alt that trades on Poloniex & Bittrex [2016-04-07 16:18:50] BitMEX_Sam : Their org raised some money last year [2016-04-07 16:18:50] BitMEX_Sam : http://factom.org/ [2016-04-07 16:20:11] sleger : nip: plenty of quotes why dont you trade if you dont care the side ? [2016-04-07 16:21:06] REKT : Liquidated long on `ETH7D`: Sell 300 @ 0.02343 [2016-04-07 16:21:35] nip : 1. they are small [2016-04-07 16:21:42] nip : 2. they are wide [2016-04-07 16:21:50] nip : 3. they may or may not be my quotes [2016-04-07 16:22:27] sleger : then you may or may not post tiny wide quotes, maybe or not you should grow balls ;) [2016-04-07 16:23:08] nip : they should rename this trollbox to the woodchipper [2016-04-07 16:23:18] nip : it has a way of rewriting and reformatting comments [2016-04-07 16:28:48] nip : BitMEX_Team: any progress toward listing quarterlies for the non-btc contracts? [2016-04-07 16:29:15] BitMEX_Wally : We are discussing it right now [2016-04-07 16:29:29] sleger : wont work... [2016-04-07 16:29:39] mpkomara : I would love this too ! [2016-04-07 16:29:47] mpkomara : ETH quarterlies would be AWESOME [2016-04-07 16:29:49] habibi : altmex would be good as a alternative for polo margin trading [2016-04-07 16:30:03] mpkomara : SHITCOIN QUARTERLIES [2016-04-07 16:30:09] nip : habibi: that is what brought me here [2016-04-07 16:30:21] nip : alternative to polo. i just wish i had to way to hold a longer term position [2016-04-07 16:31:08] BitMEX_Wally : How about `ETH14D` that automatically becomes `ETH7D`? [2016-04-07 16:31:13] BitMEX_Wally : (like `XBT48H` becomes `XBT24H`) [2016-04-07 16:31:31] nip : BitMEX_Wally: that would be great as it would allow me to roll [2016-04-07 16:31:46] mpkomara : I agree, that would be a nice compromise [2016-04-07 16:31:57] nip : i've had a big problem with my position in ETH going flat every friday. then i get slippage reopening it [2016-04-07 16:32:21] mpkomara : I would be pretty satisfied with a 14D that becomes 7D [2016-04-07 16:32:33] nip : maybe you could launch it before the 7D expires tomorrow? [2016-04-07 16:32:54] sleger : BitMEX_Wally: Will the insurance fund be completely separated between shitcoins and btc ? [2016-04-07 16:33:41] habibi : sleger i believe actually eth contracts made this fund much bigger than btc liquidations use to donate [2016-04-07 16:34:11] sleger : habibi: maybe but does it matter ? Are past performance a guarantee of future performances ? NO [2016-04-07 16:34:36] habibi : so still u heard that btc fund and eth is separate in some way [2016-04-07 16:34:49] sleger : The insurance fund page only shows one number [2016-04-07 16:34:50] nip : sleger: I actually like having everything settled in btc and using the same margin/insurance [2016-04-07 16:35:01] nip : it is very convenient [2016-04-07 16:35:07] sleger : nip: Of course you do because you are playing shitcoins [2016-04-07 16:35:22] sleger : it is iin your interest. I am only talking about insurance fund. Margin can stay cross [2016-04-07 16:35:33] nip : sleger: and i have paid into the insurance fund when i got liquidated due to open orders [2016-04-07 16:35:38] mpkomara : sleger: you dont play the shitcoins?! [2016-04-07 16:35:41] nip : sleger: probably about 3btc [2016-04-07 16:35:55] mpkomara : nip: So have I of course! [2016-04-07 16:36:14] mpkomara : I am so LIQUID [2016-04-07 16:36:27] mpkomara : LIQUID'NOG [2016-04-07 16:36:29] sleger : nip: one day eth or fct or some other new shitcoins are going to create a huge DPE and i dont think players who play btc should have to pay for that [2016-04-07 16:37:02] mpkomara : sleger: so you are suggesting two pools, one for shitcoin, one for BTC? [2016-04-07 16:37:12] nip : sleger: you are not more entitled to the insurance fund money than i am [2016-04-07 16:37:22] sleger : yes and maybe one for china as its different, but anyways nobody trades it [2016-04-07 16:37:24] nip : sleger: just because i believe in ETH and you believe in BTC [2016-04-07 16:37:36] sleger : nip: your reasoning is broken [2016-04-07 16:38:02] nip : the china one will never draw from the insurance fund i expect [2016-04-07 16:39:02] sleger : for instance 0kcoin has separate pool for btc and ltc. [2016-04-07 16:39:35] nip : those are actually denominated in btc and ltc [2016-04-07 16:39:43] sleger : i dont mind using btc as margin for everything but just separate pools . The risk between FCT and BTC is clearly not the same [2016-04-07 16:39:47] nip : they would have to exchange them themselves to share the pool [2016-04-07 16:39:56] mpkomara : so Sleger is just guessing that the insurance fund is more likely to be utilized by shitcoin vs BTC, thus he doesnt want to pay into it for shitcoin speculators [2016-04-07 16:40:20] nip : mpkomara: maintenance margin is higher for alts, so they also pay in more [2016-04-07 16:40:28] mpkomara : ah [2016-04-07 16:40:32] nip : mpkomara: it is balanced if maintenance margin is chosen correctly [2016-04-07 16:40:40] sleger : then they will pay more to their funds thats fine [2016-04-07 16:40:42] nip : i dont have a crystal ball so i cant say which way it will go [2016-04-07 16:40:47] sleger : and i wont benefit from it, thats fine [2016-04-07 16:40:55] nip : but pooling makes it more likely to avoid dpe altogether! [2016-04-07 16:41:03] nip : that is good for us and good for the exchange [2016-04-07 16:41:07] sleger : no [2016-04-07 16:41:20] sleger : it is good for those who are more likely to create dpe [2016-04-07 16:41:23] nip : woodchipper hasnt had dpe in a long time. i doubt bitmex wants to [2016-04-07 16:41:28] nip : even if its just on 1 contract [2016-04-07 16:41:38] nip : sleger: you have never been liquidated? [2016-04-07 16:41:38] mpkomara : WTF is woodchipper [2016-04-07 16:41:54] sleger : nip: no, but i dont see how thats relevant anyways [2016-04-07 16:42:12] nip : mpkomara: try typing the name of the most popular bitcoin exchange [2016-04-07 16:42:22] mpkomara : I've been liquidated before, I'm not SHY to admit it. SHITCOINS gets ya eventually [2016-04-07 16:42:24] nip : its also a joke between us in the trading community [2016-04-07 16:42:24] mpkomara : okcoin [2016-04-07 16:42:27] mpkomara : okcoin [2016-04-07 16:42:30] mpkomara : wtf LOL [2016-04-07 16:45:52] mpkomara : OkayCoin [2016-04-07 16:46:23] sleger : 0kcoin [2016-04-07 16:46:57] sleger : if you type very very fast the system doesnt have time to change it @mpkomara [2016-04-07 16:47:07] nip : mr huobi will never disappoint you [2016-04-07 16:47:23] nip : anyone remember that hot air balloon that said that on the bitvc homepage? [2016-04-07 16:47:34] nip : haha they replace that one too [2016-04-07 16:47:37] nip : huobi [2016-04-07 16:47:41] nip : fire currency exchange [2016-04-07 16:47:59] mpkomara : huobi [2016-04-07 16:48:02] mpkomara : lol wtf [2016-04-07 16:48:34] mpkomara : Huo bi [2016-04-07 16:48:55] mpkomara : icbait [2016-04-07 16:50:07] j8 : i'm with sleger on this one, bitmex should feel free to add whatever garbage people want to trade, but it shouldn't affect DPE risk on bitcoin contracts [2016-04-07 16:50:47] nip : j8: i actually dont think they should add garbage products [2016-04-07 16:50:56] nip : eth and fct have real tech behind them [2016-04-07 16:51:20] nip : fct is the third highest volume alt on polo today [2016-04-07 16:51:52] habibi : u know 360 btc is still nothing [2016-04-07 16:52:06] nip : habibi: maybe to you [2016-04-07 16:52:10] nip : :) [2016-04-07 16:52:29] habibi : in terms of volume.. yea its nothing for most of traders imo [2016-04-07 16:59:00] j8 : it's tiny considering people are asking for quarterly futures on it [2016-04-07 16:59:31] REKT : Liquidated short on `XBT24H`: Buy 6500 @ 422.02 [2016-04-07 17:03:51] REKT : Liquidated short on `ETH7D`: Buy 49 @ 0.02376 [2016-04-07 19:00:59] rapidtrades : ^^^^ this f shitcoin refuses to dieeeeeeeeeeee [2016-04-07 19:23:48] mpkomara : ETH to 0! [2016-04-07 19:23:49] mpkomara : HONK HONK [2016-04-07 19:43:49] cryptokeeper : hey [2016-04-07 19:44:13] cryptokeeper : why does the bitmex eth price say 2385 when polo is 2373