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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[2015-07-26 18:25:32] BitMEX_Sam : So it's one click
[2015-07-26 18:25:54] goat : yeah, i mean if there is any simple solution that you feel doesn't clog up the ui that might be something to consider
[2015-07-26 18:26:05] goat : now it's easy, but that would be a nice feature that other exchanges don't offer
[2015-07-26 18:26:16] goat : ex: its a pain to go through your bfx order history
[2015-07-26 18:27:13] BitMEX_Sam : Yeah that sounds good.
[2015-07-26 18:27:20] BitMEX_Sam : I've put a ticket in for it, just to simplify it a tiny bit
[2015-07-26 18:27:51] goat : sounds good man, not a major issue at all but a thought. if you can't figure something out no worries :D
[2015-07-26 18:29:37] BitMEX_Sam : Sure sure. I always appreciate the feedback
[2015-07-26 20:38:38] miratrader : My question from yesterday: As I understand from the email XBT positions will be rebalanced weekly and will be shown with different entry price every week. Is there any way to see original entry price for the position? What about total accumulated profits for the position that's open longer than a week?
[2015-07-26 20:45:10] BitMEX_Sam : miratrader: Let me check with the team on that one - I believe we're going to be putting more information into your wallet history for the individual settlements, but I am not sure about the entry price history
[2015-07-26 21:42:02] miratrader : I'm mostly interested in total accumulated profit/loss. I don't want to track weekly realized P&L for the position in trade history and calculate total P&L myself.
[2015-07-27 02:19:12] BitMEX_Sam : We are going to start preparing for the major update that will deploy today at 12 UTC. There may be a few minutes of intermittent connectivity starting in 10 minutes and lasting for about 5 minutes as we cycle some systems.
[2015-07-27 02:52:42] BitMEX_Sam : Maintenance has concluded, thanks everyone. You will see the new trading layout by default now. If you want to switch to the old one please go to Options (top right of the screen) and select the `Advanced` layout.
[2015-07-27 05:47:46] chrisxbt : woah update
[2015-07-27 05:47:59] BitMEX_Arthur : This is just the UI
[2015-07-27 05:48:05] BitMEX_Arthur : leverage will come later today
[2015-07-27 05:49:22] chrisxbt : charts messed up, volume on top (not displayed). price on bottom
[2015-07-27 05:49:34] BitMEX_Arthur : which view are you on?
[2015-07-27 05:49:55] BitMEX_Arthur : can you send a screenshot of what you are seeing to support@bitmex.com
[2015-07-27 05:50:28] chrisxbt : advanced
[2015-07-27 05:50:42] chrisxbt : there's no charts on basic
[2015-07-27 05:50:53] BitMEX_Arthur : there is, it's on a different tab
[2015-07-27 05:50:55] BitMEX_Arthur : on order controls
[2015-07-27 05:51:16] chrisxbt : looks good now
[2015-07-27 05:59:27] chrisxbt : ah you probably couldn't have squeezed in open interest
[2015-07-27 07:52:42] cengel : announcements pane is blank, not sure if thats intentional
[2015-07-27 07:54:59] BitMEX_Arthur : We will be adding things to that in a few hours
[2015-07-27 09:43:19] chromaticcr : nice new basic UI
[2015-07-27 10:21:26] krach : good job on the new look
[2015-07-27 10:21:56] BitMEX_Arthur : In under 2 hours, 25x trading goes live
[2015-07-27 10:23:04] Matthew.v : yehaw
[2015-07-27 10:23:47] krach : great
[2015-07-27 10:23:50] krach : very cool
[2015-07-27 11:18:16] goat : advanced margin details looks different
[2015-07-27 11:18:19] goat : under advanced view
[2015-07-27 11:18:28] goat : i literally just logged in, trying to see whats different
[2015-07-27 11:18:48] goat : other than that just the announcements window is empty
[2015-07-27 11:19:17] goat : liking the long/short under "side" too
[2015-07-27 11:20:21] goat : for headings on the "orders box", i know you were talking about not having too many tbs sam. here its showing fil... (ie: filled won't fit), let me know if you want a screenshot
[2015-07-27 11:21:07] goat : maybe it would be better to have "open (contract) [number]" "all open [number]" "filled" :all:
[2015-07-27 11:23:51] goat : isolate margin looks like an awesome feature...
[2015-07-27 11:31:53] BitMEX_Sam : Yeah I'm seeing it a bit squashed too. Will look at it
[2015-07-27 11:38:21] cengel : goat: is this so the liquidation is set to max leverage not account balance det ?
[2015-07-27 11:42:18] BitMEX_Arthur : Yes
[2015-07-27 11:42:22] BitMEX_Arthur : it is limited liability
[2015-07-27 11:51:48] cengel : shouldnt the liquidation price update after checking it ?
[2015-07-27 11:52:49] BitMEX_Sam : Yes, however it has no effect until 12 UTC
[2015-07-27 11:52:57] BitMEX_Sam : try again in 10 minutes
[2015-07-27 11:58:47] j8 : BitMEX_Sam: i am getting some weirdness with tooltips overlapping. mainly around the mark price / limit up / limit down ( on both basic and advanced ) they don't always disappear when i mouse away
[2015-07-27 11:59:49] ksinvest : agree with goat - isolate margin looks like a great feature. it was already possible to isolate the margin by opening separate accounts for each instrument, but this caused some compliance risk as it may be seen as breaking the TOS if not done in a legally solid way.
[2015-07-27 12:27:59] cengel : is isolate working for anyone?
[2015-07-27 12:30:25] BitMEX_Sam : cengel: Contracts just went live a few minutes ago, isolate should work on XBT/BVOL
[2015-07-27 12:30:41] cengel : oh okay so not XBU
[2015-07-27 12:31:21] BitMEX_Sam : Yeah, not XBU. The checkbox shouldn't be showing, I'm pushing an update to fix that
[2015-07-27 12:31:40] cengel : np
[2015-07-27 13:12:23] j8 : i just got an email saying i was liquidated when i wasn't.
[2015-07-27 13:13:07] BitMEX_Sam : j8: Looking into it
[2015-07-27 13:21:42] j8 : cool all good.
[2015-07-27 13:21:43] BitMEX_Sam : Okay, no actual liquidation occurred. We made an adjustment at launch to ensure that all profit made on XBT-series contracts before the switch was not subject to profit adjustment. During that adjustment the email notifier process misinterpreted the changes as a liquidation.
[2015-07-27 13:21:52] BitMEX_Sam : Nothing to worry about - sorry for the scare.
[2015-07-27 13:22:06] BitMEX_Sam : I've sent emails to all affected, thankfully it was very few.
[2015-07-27 14:22:57] j8 : there seems to be a UI glitch with the Isolate Margin button. it sometimes causes the rows to reorder, and the checkbox can end up on the wrong row
[2015-07-27 14:25:29] BitMEX_Sam : Let me double-check it, thanks
[2015-07-27 14:28:38] BitMEX_Wally : j8: The order of the contracts should be `BVOL24H`, `XBTN15`, `XBTU15` - what are you seeing?
[2015-07-27 14:30:04] j8 : they jump around when they update, or when i click the button
[2015-07-27 14:30:37] j8 : at the moment its `XBTN15`, `BVOL24H`,`XBTU15`
[2015-07-27 14:40:07] j8 : just got denied from the site with too many requests for playing with the button too much.
[2015-07-27 14:41:11] BitMEX_Sam : j8: Sorry about that - standard rate limiting. I'll see if I can reproduce this
[2015-07-27 14:47:52] BitMEX_Sam : j8: Do you still see it with a refresh? I am not able to reproduce in any browser
[2015-07-27 14:48:32] j8 : yeah still happening. using chrome
[2015-07-27 14:50:28] j8 : it does not happen on testnet.bitmex
[2015-07-27 14:50:56] BitMEX_Sam : That's certainly odd as they are both running the same code today
[2015-07-27 14:51:28] j8 : i'll log out and try again.
[2015-07-27 14:53:18] j8 : yeah, the order of the rows is seemingly random, and they reorder when i click the boxes.
[2015-07-27 14:53:33] BitMEX_Sam : Ok. I was just able to get it to happen in testnet
[2015-07-27 14:53:39] BitMEX_Sam : I'll push a fix soon
[2015-07-27 15:05:31] Scott J : Yay, more liquidity :)
[2015-07-27 15:06:20] BitMEX_Arthur : Get to trading :0
[2015-07-27 15:07:24] TrevinHofmann : That's a lot of leverage.
[2015-07-27 15:07:52] BitMEX_Sam : Hey Trevin, long time no see.
[2015-07-27 15:08:22] TrevinHofmann : Hey :) been busy with an internship
[2015-07-27 15:08:26] cryptokeeper : hi all
[2015-07-27 15:08:35] BitMEX_Sam : Hey cryptokeeper
[2015-07-27 15:08:39] Scott J : Hey, @cryptokeeper
[2015-07-27 15:09:11] cryptokeeper : I think i am going to try the pomotion out... see how you guys are.... i have had an account since you pretty much opened up
[2015-07-27 15:09:35] cryptokeeper : the leverage is just for xbt right? no ltc?
[2015-07-27 15:09:48] BitMEX_Arthur : LTC is in the pipeline, we are evaluating
[2015-07-27 15:09:55] BitMEX_Arthur : We are looking for some market makers
[2015-07-27 15:10:18] cryptokeeper : ok
[2015-07-27 15:10:39] cryptokeeper : market makers as in the ones with the coins and wanting to deposit it into your exchange?
[2015-07-27 15:10:41] ksinvest : Fee Holiday? "Until September 1, 2015 at 12:00 UTC, all fees on BitMEX are 0%." - is this new?
[2015-07-27 15:10:52] BitMEX_Sam : ksinvest: Yep brand new.
[2015-07-27 15:11:02] BitMEX_Arthur : cryptokeeper: someone willing to post two sided markets
[2015-07-27 15:11:18] cryptokeeper : sorry - two sided markets?
[2015-07-27 15:11:26] BitMEX_Arthur : Bid and Ask
[2015-07-27 15:11:33] BitMEX_Arthur : so people can get in and out of positions at all time
[2015-07-27 15:11:34] goat : BitMEX_Sam: need to fix the about bitmex link
[2015-07-27 15:11:35] cryptokeeper : gotcha
[2015-07-27 15:11:40] goat : https://www.bitmex.com/app/trade/XBTN15#
[2015-07-27 15:11:44] goat : its directing me to that right now
[2015-07-27 15:12:03] BitMEX_Sam : The one on the homepage?
[2015-07-27 15:12:11] goat : no, left column
[2015-07-27 15:12:27] goat : on the drop down menu right under support
[2015-07-27 15:12:46] ksinvest : BitMEX_Sam: i don't like it as a market maker, but that's the best thing you could do from a marketstructure view! great news.
[2015-07-27 15:12:48] BitMEX_Sam : Does it actually redirect you when you click the dropdown?
[2015-07-27 15:12:57] goat : not to the about us page
[2015-07-27 15:13:01] goat : it brings me back to the trading interface
[2015-07-27 15:13:22] BitMEX_Sam : Interesting. That link is not supposed to do anything at all and it doesn't in my browser. I'll see if I can reproduce it
[2015-07-27 15:13:32] goat : hold on ill refresh
[2015-07-27 15:14:03] BitMEX_Sam : j8: Refresh, positions shuffling around is fixed
[2015-07-27 15:14:15] goat : yeah, still doing it
[2015-07-27 15:15:52] goat : and when i change contracts then mouse over the "about us" the url in the bottom of my browser updates to the contract im browsing
[2015-07-27 15:16:11] BitMEX_Sam : Gotcha. Investigating
[2015-07-27 15:17:30] BitMEX_Sam : goat: If you navigate to, say, the terms of service page, then hover over "About BitMEX", what url do you see on the bottom
[2015-07-27 15:19:00] ksinvest : BitMEX_Sam: correction. actually i like it as a market maker because i can trust now that there is no primary market maker who gets fee kickbacks (subsidized liquidity). no fees = no kickbacks possible :)
[2015-07-27 15:21:16] goat : BitMEX_Sam: hold on ill check no w
[2015-07-27 15:22:16] goat : there we go
[2015-07-27 15:22:18] goat : its expanding now
[2015-07-27 15:22:20] goat : pefect
[2015-07-27 15:22:30] goat : before it didnt even expand
[2015-07-27 15:23:15] BitMEX_Sam : Great
[2015-07-27 15:23:25] goat : im using firefox btw if that matters
[2015-07-27 15:23:30] goat : in case you need info for anything
[2015-07-27 15:23:38] goat : im pretty sure my browser is updated
[2015-07-27 15:23:46] goat : i will check that today, but i usually keep everything updated fully
[2015-07-27 15:23:54] cryptokeeper : goat i love you but talk in paragraphs... lol :)
[2015-07-27 15:24:32] goat : lol sorry :( i switch between regular work and bitcoin stuff so i guess i just type in spurts
[2015-07-27 15:35:39] twistedline_ : I am getting some errors on the page and click some of the tabs to see my orders
[2015-07-27 15:36:01] twistedline_ : Failed to load 404: https://static.bitmex.com/app-4c057dae80ec377<long string>.js
[2015-07-27 15:36:25] twistedline_ : and also with https://static.bitmex.com/commons-4675f531<long string> .js
[2015-07-27 15:36:49] twistedline_ : I mean I can't click to see orders I have placed
[2015-07-27 15:37:10] STRML_ : twistedline_: Sometimes the CDN is taking a minute to catch up with a new version of the interface, looking into it
[2015-07-27 15:37:15] STRML_ : It is functional here on a refresh, try that?
[2015-07-27 15:37:48] twistedline_ : I just tried in an incogniteo tap and its working again.
[2015-07-27 15:37:52] twistedline_ : tab
[2015-07-27 15:38:00] twistedline_ : sorry, probably some caching issue
[2015-07-27 15:38:03] BitMEX_Sam : Ok. Try shift-ctrl-R (windows) or shift-cmd-R to force a hard refresh
[2015-07-27 15:38:48] twistedline_ : yep, all working thanks.
[2015-07-27 15:45:00] BitMEX_Sam : Thanks everyone for your help and feedback during this launch. It was a massive change both in code and functionality and all in all went very smoothly. Enjoy trading 25x. I'm off to get some food, but feel free to ask any questions you might have. My partners are around and can help.
[2015-07-27 15:47:58] chrisxbt : interesting, market maker doing 5k chuncks now
[2015-07-27 15:50:43] twistedline_ : it all looks great, I hope you get some traction.
[2015-07-27 16:00:53] pansyfaust : Where are my free bitcoin? :D
[2015-07-27 16:01:10] BitMEX_Arthur : At the end of the rainbow
[2015-07-27 16:01:21] pansyfaust : Awesome
[2015-07-27 16:01:43] pansyfaust : Let me jump on my unicorn and get it!
[2015-07-27 16:01:52] BitMEX_Arthur : lol
[2015-07-27 16:09:47] alt-option : The new interface looks pretty nice
[2015-07-27 16:11:15] BitMEX_Arthur : alt-option: thx
[2015-07-27 16:11:26] BitMEX_Arthur : when can we start punting options
[2015-07-27 16:13:24] alt-option : we are moving company out of U.S keep tuned....traders don't want to deal with U.S. reg
[2015-07-27 16:13:47] BitMEX_Arthur : yeah smart mov
[2015-07-27 16:22:20] cryptokeeper : and here everyone is getting all warm and fuzzy over the US/NASDAQ acceptance/etc.
[2015-07-27 16:25:03] BitMEX_Arthur : No traders like regulations
[2015-07-27 16:26:00] ksinvest : alt-option: as long as you are US citizen/resident it's hard to flee from US regulation and don't forget about risks as a result of regulatory uncertainty in countries that you don't know very well.
[2015-07-27 16:28:04] ksinvest : BitMEX_Arthur: traders like smart frameworks. you'll need some amount of regulation (some basic rules) to define a level playing field. e.g. that you can enforce a contract.
[2015-07-27 16:29:15] BitMEX_Arthur : ksinvest: That's true, however i would argue many "advanced" markets selectively enforce contracts which is why retail traders have basically exited public securities markets
[2015-07-27 16:33:43] cengel : arthur: for instance?
[2015-07-27 16:33:47] ksinvest : BitMEX_Arthur: agree. most regulation is the result of lobbying e.g. to protect the interests of the investment banks against the interest of retail traders.
[2015-07-27 16:34:09] BitMEX_Arthur : Look at MF Global
[2015-07-27 16:34:14] cengel : i mean if they selectively enforce, then developing markets even more selectively enforce
[2015-07-27 16:34:42] BitMEX_Arthur : and how US congress can legally insider trade
[2015-07-27 16:35:11] BitMEX_Arthur : emerging markets are just following the lead of the advanced economies
[2015-07-27 16:35:23] BitMEX_Arthur : China is just badly executing what the FED has been doing for 6 years
[2015-07-27 16:35:31] ksinvest : cengel: good point. it's hard to find a better place even if the US is a bad place.
[2015-07-27 16:36:25] cengel : Arthur: that's cynical
[2015-07-27 16:38:15] cengel : i think its much worse
[2015-07-27 16:38:17] ksinvest : i would consider Luxembourg i quite good place now. the gov understands the chances of bitcoin/the blockchain, they care about SMEs and innovation in general.
[2015-07-27 16:38:40] BitMEX_Arthur : cengel: I agree they are executing it poorly
[2015-07-27 16:38:46] BitMEX_Arthur : but it's the same overarching theme
[2015-07-27 16:40:47] cengel : i dont know if the world is ready for a slowgrowth China
[2015-07-27 16:42:51] cengel : but commodities would not be this low if demand was healthy from the EMs
[2015-07-27 16:44:24] alt-option : That trend has to happen IMO
[2015-07-27 16:45:57] cengel : okay so that means stocks bubble, bonds bubble, dollar bubble, and EMs bubble. where to go ?
[2015-07-27 16:46:33] alt-option : maybe when humans aren't participating in the markets anymore then we can deny that trend
[2015-07-27 16:52:56] cengel : bitcoin will become safe haven
[2015-07-27 16:53:01] cengel : :)
[2015-07-27 17:12:08] ksinvest : the US gov could have destroyed the Bitcoin ecosystem in the early days but they didn't. now it's too late. you can't destroy an "advanced complex system".
[2015-07-27 17:15:44] ksinvest : https://en.wikipedia.org/wiki/Complex_systems
[2015-07-27 17:20:14] cryptokeeper : how could of the US gov destroyed the bitcoin ecosystem?
[2015-07-27 17:20:21] cryptokeeper : by finding who satoshi was?
[2015-07-27 17:26:04] ksinvest : cryptokeeper: if it had been a priority for them they would know who satoshi is, but that alone would not have been enough.
[2015-07-27 17:27:26] ksinvest : cryptokeeper: maybe they just underestimated Bitcoin, maybe they believe that the benefits are greater than the threats. (see money flow from China to the US via Bitcoin)
[2015-07-27 17:29:00] cryptokeeper : Could be..... I would say more of underestimation.... or didn't know its potential
[2015-07-27 17:31:24] ksinvest : i would say both. first underestimation, then a competition with China about who is the most powerful player inside the Bitcoin ecosystem.
[2015-07-27 17:32:43] ksinvest : this competition can create bubbles but it will not destroy but strengthen the system...
[2015-07-27 20:07:47] ContourTrade : How is the volume on here compared to OKcoin?
[2015-07-27 20:08:52] BitMEX_Sam : There's less volume here but it's growing. OKC has a longer history and a lot of MM bots
[2015-07-27 20:09:50] ContourTrade : So I've seen. Thanks.
[2015-07-27 20:10:29] BitMEX_Sam : Of course. If you need any help getting started just ask.
[2015-07-27 20:19:06] SnackyCoins : hey sam can we get the [count] for open positions on the advanced interface too 8)
[2015-07-27 20:20:57] BitMEX_Sam : Yeah not a problem.
[2015-07-27 20:22:18] SnackyCoins : i like the home/foreign column concatenation too
[2015-07-27 20:22:47] BitMEX_Sam : Yeah, that needed to happen to save some space, works well.
[2015-07-27 20:24:21] SnackyCoins : maybe it's just me but the .active li css looks fresh too?
[2015-07-27 20:24:55] BitMEX_Sam : On the sidebar?
[2015-07-27 20:25:11] BitMEX_Sam : The panel tabs had a makeover too
[2015-07-27 20:25:16] BitMEX_Sam : Lots of little tweaks made it into this release
[2015-07-27 20:25:32] SnackyCoins : cant remember what it looked like before but it seems poppin' right now :) yeah the panel tabs
[2015-07-27 20:37:07] Scott J : any plans for different order types?
[2015-07-27 20:37:30] BitMEX_Arthur : Scott J: Yes we have plans for those
[2015-07-27 21:02:48] chrisxbt : well december contracts got bought out
[2015-07-27 21:12:47] Scott J : nice
[2015-07-27 21:13:20] Scott J : BitMEX_Arthur: Great, do you have a rough ETA? (I know you guys have been very busy recently!)
[2015-07-27 21:21:40] BitMEX_Sam : Scott J: Sorry, can't be very specific, but now that this big update was released it shouldn't be too long. It's mostly waiting on me to work it into the interface
[2015-07-27 21:21:55] BitMEX_Sam : The big priority is stops. Beyond that, fancier order types are lower priority
[2015-07-27 21:26:05] Scott J : yes, it's stops I am interested it
[2015-07-27 21:26:08] Scott J : *in
[2015-07-27 22:01:44] chrisxbt : just note that bitmex can get wicky
[2015-07-27 22:02:17] chrisxbt : liquidity can get thin when market makers remove orders. And then orders may get filled way out of range
[2015-07-27 22:04:46] chrisxbt : Scott J:
[2015-07-27 22:09:33] Scott J : This is a good point
[2015-07-27 22:09:54] Scott J : Limit rather than market orders would avoid this, but then may not fill at all
[2015-07-27 22:10:07] Scott J : I'm sure this will become less of a problem as time goes on
[2015-07-27 22:10:46] BitMEX_Sam : Yeah, that's part of the reason we don't do market orders; they're dangerous on any market to begin with
[2015-07-27 23:23:25] goat : https://imgflip.com/i/or28y
[2015-07-28 01:13:05] TrevinHofmann : Fly me to the moon...
[2015-07-28 01:15:54] chrisxbt : Yeah but your limits would still get triggered
[2015-07-28 01:16:19] chrisxbt : You could get limits to be triggered by the index instead but that might be a bit slow.
[2015-07-28 01:23:35] j8 : i was wondering about that - if it isn't triggered by the mark price then it might not stop you from getting margin called
[2015-07-28 01:25:00] chrisxbt : margin call is sort of based on mark price too
[2015-07-28 01:25:17] chrisxbt : and you shouldn't place stops that close to margin call
[2015-07-28 01:26:51] j8 : i'm thinking about situations where there's no trades for a little while and the mark price moves
[2015-07-28 01:38:04] j8 : happens on BVOL pretty often. the problem is, it's tough to know what a reasonable limit price is to get filled, when it's triggered by the mark price which may not even be the range it's trading in.
[2015-07-28 01:38:41] jerryd : what happened to the open interest numbers in the new interface?
[2015-07-28 01:50:12] chrisxbt : yeah mark price would be a crappy indicator then
[2015-07-28 01:50:53] chrisxbt : the best way is do it yourself to a bfx price feed
[2015-07-28 01:52:42] j8 : well that's basically what the mark price is
[2015-07-28 01:55:44] chrisxbt : no the mark price is based on bitmex right?
[2015-07-28 01:55:52] TrevinHofmann : What changes were made to allow 25x leverage? That's insanely high.
[2015-07-28 01:55:58] j8 : not for `XBT` and `BVOL`
[2015-07-28 01:56:22] chrisxbt : got it, what were you talking about?
[2015-07-28 01:58:08] chrisxbt : TrevinHofmann: 796 has 50x. It's the speculative series. Their could possibly be a Dynamic Profit Equalisation but there's also the 1% maintenance margin.
[2015-07-28 01:59:02] j8 : well a limit order based on the mark price is how the forced liquidations work. something similar for stop loss seems to make sense
[2015-07-28 02:00:10] chrisxbt : limit order for bankruptcy price
[2015-07-28 02:00:32] j8 : TrevinHofmann: the other main thing is what we've been talking about - you don't get margin called because of trades on bitmex, so there's some safety when the books are thin here
[2015-07-28 02:01:01] TrevinHofmann : That's a massive improvement.
[2015-07-28 02:01:50] TrevinHofmann : Getting margin called because of a thin book was no fun at all.
[2015-07-28 02:02:32] SnackyCoins : Android users, google stagefright
[2015-07-28 02:05:03] j8 : chrisxbt: right, and there's no guarantee it gets filled for liquidations either. the market could already be trading beyond your bankruptcy price
[2015-07-28 02:06:02] j8 : there's one on `BVOL24H` at the moment.
[2015-07-28 02:07:46] j8 : i believe it's 1 contract sold at 1.51, now bankrupt at 2.11
[2015-07-28 02:09:25] chrisxbt : well good things theirs 16 open interest today
[2015-07-28 02:13:26] j8 : yeah i had something to do with that. not on the right side of it unfortunately
[2015-07-28 02:14:24] chrisxbt : Oh man, shorting for athe whole period?
[2015-07-28 02:15:45] j8 : yeah avg 1.83. i was not expecting a 200% retracement of that drop
[2015-07-28 02:16:13] j8 : 100% and i would have been fine.
[2015-07-28 02:31:24] j8 : no action on `BVOL7D` yet this week. although, it shows 4 contracts / 0.1932 XBT for 24h volume
[2015-07-28 02:31:33] j8 : that's not right.
[2015-07-28 02:34:06] chrisxbt : No fees is quite a bit of fun
[2015-07-28 02:44:37] j8 : yeah this site has come a long way since yesterday.
[2015-07-28 03:09:56] cloud : and trollbox to educate
[2015-07-28 03:14:47] j8 : yeah this trollbox needs more trolling. this is all off topic.
[2015-07-28 03:33:17] BitMEX_Arthur : Troll away
[2015-07-28 03:33:21] BitMEX_Arthur : start taking shit to each other
[2015-07-28 03:47:51] laisee : **sheiße**
[2015-07-28 03:47:57] j8 : BitMEX_Arthur: when r u adding DOGE? 50x plz
[2015-07-28 03:48:31] laisee : only 50?
[2015-07-28 03:51:08] chrisxbt : yeahwhen are you adding LTC?
[2015-07-28 03:51:17] chrisxbt : you better get on that hype train
[2015-07-28 03:58:39] BitMEX_Arthur : chrisxbt: We are talking about it right now
[2015-07-28 04:11:54] j8 : LTC/USD margined in BTC?
[2015-07-28 04:12:29] j8 : no need to buy litecoin to short it
[2015-07-28 04:25:47] BitMEX_Arthur : Exactly
[2015-07-28 04:28:30] chrisxbt : Were interest rates adjusted?
[2015-07-28 04:29:11] SnackyCoins : I have only 1 altcoin vote, LTC
[2015-07-28 04:29:30] chrisxbt : I feel like the mark prices moved up
[2015-07-28 04:30:02] j8 : whoa yes they did
[2015-07-28 04:30:11] SnackyCoins : also snackyshill is butthurt over the fee drop, i hope the lifetime earnings is under review as well
[2015-07-28 04:30:43] chrisxbt : 250% interest on XBTN15
[2015-07-28 04:31:01] BitMEX_Arthur : Yeab quite expensive
[2015-07-28 04:31:29] miratrader : BitMEX_Arthur, question: how are forced liquidations handled for XBT? Market order to close trader's position?
[2015-07-28 04:31:45] chrisxbt : It's 0.25% per day
[2015-07-28 04:32:15] chrisxbt : quite interesting how it worked out like that
[2015-07-28 04:33:35] j8 : BitMEX_Arthur: do you guys manually adjust the rates? is there a system
[2015-07-28 04:35:26] chrisxbt : I think it's manual. But they're just adjusting the mark price to what the market thinks it should be.
[2015-07-28 04:35:55] chrisxbt : miratrader: limit orders at bankruptcy price.
[2015-07-28 04:37:06] chrisxbt : But before that, they attempt to liquidate the position.
[2015-07-28 04:37:39] chrisxbt : Not sure what that means.
[2015-07-28 04:39:15] miratrader : thanks chrisxbt. Do they attempt to liquidate the position using market orders? I'd like to have a clear description of the whole process.
[2015-07-28 04:39:37] BitMEX_Arthur : No we don't
[2015-07-28 04:39:50] BitMEX_Arthur : miratrader: https://www.bitmex.com/app/dynamicProfitEqualisation
[2015-07-28 04:39:57] BitMEX_Arthur : Read the section on Liquidation
[2015-07-28 04:42:09] miratrader : I've read that. 'Upon liquidation, BitMEX will assume the position and attempt to liquidate the position.' How do you liquidate the position exactly? Buying/selling into the current order book?
[2015-07-28 04:42:21] BitMEX_Arthur : We place a limit order
[2015-07-28 04:42:28] BitMEX_Arthur : at your liquidation price in the book
[2015-07-28 04:43:25] TrevinHofmann : If it doesn't sell: You eat the loss, or socialized losses?
[2015-07-28 04:43:49] BitMEX_Arthur : There is a profit adjustment if the bankrupt order shows a loss at settlement or weekly rebalance
[2015-07-28 04:49:14] j8 : it would be good to have a page with details about the liquidations and profit rebalance, there's also the positive balances which are collected and apparently offset the losses insurance fund style.
[2015-07-28 04:49:38] miratrader : ok, so we should be able to see those liquidation limit orders on the order book, right?
[2015-07-28 04:49:46] j8 : but without transparency of all that, the system is just a black box that takes a cut of your profits
[2015-07-28 04:51:14] miratrader : yes, I would like to see detailed description of the process with all formulas used
[2015-07-28 04:56:24] j8 : miratrader: you can maybe identify them on the books if you're paying attention. i believe the 1 contract at 2.11 on `BVOL24H` is a liquidation from 1.51
[2015-07-28 05:01:06] chrisxbt : that's the page
[2015-07-28 05:01:10] chrisxbt : it's quite cclear
[2015-07-28 05:01:19] miratrader : j8, interesting. I wonder how long those orders stay on the book if they are not filled
[2015-07-28 05:01:47] chrisxbt : Yeah, @BitMEX_Arthur are you going to highlight margin calls?
[2015-07-28 05:03:19] chrisxbt : They're showing the Profit Adjustment % , OKcoin doesn't do that.
[2015-07-28 05:03:48] chrisxbt : You have to guess the win ratio
[2015-07-28 05:07:35] j8 : miratrader: on `BVOL` they stay until settlement, i imagine they get pulled at the "weekly rebalancing" also for the longer contracts
[2015-07-28 05:09:35] miratrader : thanks j8, makes sense. I would like BitMEX to post detailed explanation of the process, we shouldn't have to guess things like that.
[2015-07-28 05:14:43] chrisxbt : BitMEX_Arthur: @miratrader @j8 yeah I actually forgot about that. Yeah you're missing weekly rebalancing procedure.
[2015-07-28 05:15:01] chrisxbt : Weekly Rebalance doesn't cause margin calls to get pulled!
[2015-07-28 05:15:15] j8 : yeah that would help. now that i think about it, they would leave the orders until settlement, and they would still have losses or gains @chrisxbt tru dat
[2015-07-28 05:16:00] chrisxbt : but did you read the page @miratrader , https://www.bitmex.com/app/dynamicProfitEqualisation
[2015-07-28 05:18:09] chrisxbt : j8: and after profit is equalized the liquidations get moved to settlement price. That's the loss, the winners are paying to move the liquidation up. But it doesn't disappear because contracts last a lot longer. There's still system risk.
[2015-07-28 05:20:44] j8 : makes sense
[2015-07-28 05:20:48] miratrader : of course I read it. I understand about re-balancing and system loss and profit adjustment. I just wanted detailed info on how margin calls are handled and how trader's position is liquated.
[2015-07-28 05:21:04] j8 : there's a lot of details left out.
[2015-07-28 05:30:19] chrisxbt : okay well note that Bitfinex doesn't disclose their margin call algo
[2015-07-28 05:36:35] j8 : no, but that's less important with the system where we can't hunt eachother's liquidation price
[2015-07-28 05:36:52] BitMEX_Wally : We are going to publish the orders that are liquidiating positions
[2015-07-28 05:38:13] BitMEX_Wally : There is currently 1 bid at 2.11 for BVOL24H which j8 correctly determined.
[2015-07-28 05:38:45] j8 : it's not mine, i swear
[2015-07-28 05:40:46] BitMEX_Wally : We dropped the maintenance margin requirement from 40% to 10% for BVOL24H but given the speculative nature of the contract the spread is too wide to liquidate within a 10% slippage
[2015-07-28 05:42:55] j8 : yeah that's gonna happen a lot.
[2015-07-28 05:44:46] j8 : since the mark price only updates every 5 minutes and it can jump up by a lot
[2015-07-28 05:52:33] cengel : xbtn premium is hard to figure out. at this spot price yesterday it was $3 lower
[2015-07-28 06:15:35] BitMEX_Arthur : miratrader: The Dynamic Profit Equalisation doc describes how we deal with liquidations
[2015-07-28 06:23:05] chrisxbt : I think you should add that liquidations get rolled over, fairly simple process but I don't see it outlined.
[2015-07-28 06:23:20] BitMEX_Arthur : ok
[2015-07-28 06:26:13] chrisxbt : $350 december contracts
[2015-07-28 06:26:28] BitMEX_Arthur : basis is jacked up
[2015-07-28 06:28:49] chrisxbt : you mean you jacked it up
[2015-07-28 06:29:10] chrisxbt : :P
[2015-07-28 06:29:18] BitMEX_Arthur : We as the exchange only move the mark price to reflect reality
[2015-07-28 06:32:48] cengel : what do you mean by that
[2015-07-28 06:33:14] cengel : if vix goes up you increase?
[2015-07-28 06:33:34] BitMEX_Arthur : No if the Spot price is 100 and the XBT price is 110
[2015-07-28 06:33:47] BitMEX_Arthur : we increase the fair basis % so that the mark price matches 110
[2015-07-28 06:34:15] cengel : ok
[2015-07-28 06:35:25] cengel : so its the market itself creating the premium, which the fair basis pegs, and then the mm's etc congregate around the marked fair pr
[2015-07-28 06:36:15] BitMEX_Arthur : the market sets the price, to prevent against traders moving the market to cause margin calls we use a fair price to mark all positions
[2015-07-28 06:36:19] BitMEX_Arthur : for unrealised pnl and margin purposes
[2015-07-28 06:36:24] BitMEX_Arthur : it has no effect on your realised pnl
[2015-07-28 06:36:30] cengel : yes
[2015-07-28 06:37:14] j8 : seems a bit arbitrary in terms of timing, etc. could catch people off guard. maybe a standard time when the rates might change would help
[2015-07-28 06:39:49] BitMEX_Arthur : the goal is to do small incremental changes so that it is a smooth process
[2015-07-28 06:39:54] BitMEX_Arthur : a hard time leaves the system up for gaming
[2015-07-28 06:40:38] chrisxbt : Right now their really isn't a market, it's just the market maker setting the prices
[2015-07-28 06:40:56] j8 : didn't `XBTZ15` jump by like $15?
[2015-07-28 06:40:57] BitMEX_Arthur : chrisxbt: Well someone is trading against those prices
[2015-07-28 06:41:06] cengel : and then us deciding whether or not to accept the prices
[2015-07-28 06:41:30] BitMEX_Arthur : well if you think the price is too expensive hit the mm's bid
[2015-07-28 06:41:32] chrisxbt : what I mean is the price is also a function of his bankroll
[2015-07-28 06:41:56] cengel : yea so if he's overexposed long he wants to keep the price up
[2015-07-28 06:42:22] BitMEX_Arthur : then sell into him, and the price will come down, that's how market making works
[2015-07-28 06:42:30] chrisxbt : There's two types of people, the traders and the hedgers. And the traders rely on the hedgers to keep the price close to the index
[2015-07-28 06:42:58] BitMEX_Arthur : At a certain point someone will think the premium is too high and put on the arb
[2015-07-28 06:42:58] cengel : well if youre hedging then this is a great price to sell decembers :)
[2015-07-28 06:43:13] cengel : the problem is who wants to tie up money for 6 months for an arb?
[2015-07-28 06:43:28] BitMEX_Arthur : Currenlty the premium is around 45% PA
[2015-07-28 06:43:38] BitMEX_Arthur : where are you going to get those types of returns for the risk you are taking
[2015-07-28 06:43:49] BitMEX_Arthur : that's how arb guys think about it
[2015-07-28 06:44:06] chrisxbt : Yeah you need more arb guys
[2015-07-28 06:44:20] BitMEX_Arthur : They are here, most of our early customers are arb guys
[2015-07-28 06:45:02] cengel : bitfinex swaps are too fickle, what reliable bitcoin paper market is there to properly arb?
[2015-07-28 06:45:24] BitMEX_Arthur : swaps act as a benchmark for rates
[2015-07-28 06:45:51] cengel : but in order to lock in the arb properly dont you need not just a benchmark but actual liquid paper
[2015-07-28 06:46:09] chrisxbt : ?
[2015-07-28 06:46:11] BitMEX_Arthur : what do you mean liquid paper, you need USD and Bitcoin
[2015-07-28 06:46:20] BitMEX_Arthur : convert USD into XBT, then sell futures contracts
[2015-07-28 06:46:22] BitMEX_Arthur : and sit and wait
[2015-07-28 06:46:23] BitMEX_Arthur : for expiry
[2015-07-28 06:46:34] BitMEX_Arthur : I used to do it when I first got into Bitcoin, v profitable risk adj
[2015-07-28 06:46:50] chrisxbt : yeah the benchmark is the rate that people are willing to lend on BFX, that doesn't necessarily translate to Bitmex
[2015-07-28 06:46:51] BitMEX_Arthur : the nominal price of bitcoin was irrelevant to me
[2015-07-28 06:47:03] BitMEX_Arthur : it's just a benchmark yeah i agree
[2015-07-28 06:47:20] BitMEX_Arthur : but think about it this way, if you have USD sitting in the bank where else can you earn these types of returns
[2015-07-28 06:47:41] BitMEX_Arthur : you do have counterparty risk but earning 0% in your savings account with limited risk ain't going to cut it
[2015-07-28 06:47:52] chrisxbt : well they're obviously isn't a rush of people trying to earn premium
[2015-07-28 06:48:15] BitMEX_Arthur : give them time, these levels just started appearing ydya
[2015-07-28 06:48:16] BitMEX_Arthur : yday
[2015-07-28 06:48:19] chrisxbt : also there's also the circular problem
[2015-07-28 06:48:42] chrisxbt : Lack of hedgers makes traders less likely to do unhedged shorts
[2015-07-28 06:50:27] BitMEX_Arthur : what do you mean
[2015-07-28 06:53:27] chrisxbt : For example price might drop $5 and futures might not drops, anyways I'll explain further.
[2015-07-28 06:53:44] BitMEX_Arthur : yeah you have to be able to take the mark to market
[2015-07-28 06:53:47] BitMEX_Arthur : but you should be fully hedged
[2015-07-28 06:53:51] BitMEX_Arthur : if you are putting on the carry trade
[2015-07-28 06:54:59] chrisxbt : I'm sort of saying traders depend on hedgers and market makers to have the price have some semblance of the underlying
[2015-07-28 06:55:44] BitMEX_Arthur : it equals spot on expiration that's all you need
[2015-07-28 06:57:08] chrisxbt : See my philosophy is that future markets can be net winners
[2015-07-28 06:57:46] BitMEX_Arthur : who in the futures market, it's a zero sum game
[2015-07-28 06:58:45] chrisxbt : While it's zero sum, hedgers can make profit while still losing with futures
[2015-07-28 06:59:30] BitMEX_Arthur : right playing the carry
[2015-07-28 07:02:56] cengel : Arthur: oh my bad earlier, i was referring to using btc lending market to form arb, not cash and carry
[2015-07-28 07:08:31] chrisxbt : Yeah I don't think it's possible to arb the interest rate, you can make money off of it, but I don't see how it would be more than just lending out.
[2015-07-28 07:15:04] chrisxbt : Anyways it's hard for a trader to short with the bids that stacked
[2015-07-28 07:16:15] chrisxbt : anyways I'll shut up, night
[2015-07-28 07:21:29] atodorov07 : 25x leverage and 0 fees
[2015-07-28 07:21:30] atodorov07 : nice
[2015-07-28 07:21:33] atodorov07 : way to go guys
[2015-07-28 07:22:06] atodorov07 : and bitmex is the only professional btc futures exchange
[2015-07-28 07:22:16] atodorov07 : I think it has a great future.
[2015-07-28 07:41:01] BitMEX_Arthur : :)
[2015-07-28 10:20:07] KB : why is XBTQ15 suspended?
[2015-07-28 10:20:17] BitMEX_Arthur : It will list at 12:00 GMT
[2015-07-28 10:20:30] KB : ah, is that a new contract?
[2015-07-28 10:20:37] BitMEX_Arthur : yes
[2015-07-28 10:20:59] KB : are you going monthly now?
[2015-07-28 10:25:04] BitMEX_Arthur : We have monthly, quarterly, bi-quarterly
[2015-07-28 12:03:10] goat : argg, should have sold into those 350 bids last night when you noted it
[2015-07-28 12:03:45] bada55 : i heard there was a way to open a simulator account?
[2015-07-28 12:04:17] goat : on the test net
[2015-07-28 12:04:25] goat : http://testnet.bitmex.com/
[2015-07-28 12:07:30] bada55 : sweet, thanks
[2015-07-28 15:49:20] j8 : biannual? biquarterly would every 6 weeks no?
[2015-07-28 16:45:37] cengel : aka semianually
[2015-07-28 16:45:45] cengel : 6 months
[2015-07-28 17:04:59] SnackyCoins : thumbs up to today's changes to the adv. interface in the isolate margin column/tooltips (and thanks for the [count] on the tab ;) )
[2015-07-28 17:44:51] BitMEX_Sam : `semi` is a much better prefix since `bi` can mean both every 2 and twice an interval
[2015-07-28 17:45:18] BitMEX_Sam : which is obviously ridiculous but that's English for you
[2015-07-28 17:53:49] cengel : then blame Latin not English
[2015-07-28 17:54:05] BitMEX_Sam : True
[2015-07-28 17:54:33] splash : goat are you there?
[2015-07-28 18:08:36] chrisxbt : well I guess you found some liquidity
[2015-07-28 18:36:03] goat : splash: whats up
[2015-07-28 18:36:32] splash : yo
[2015-07-28 18:36:43] splash : i was wondering are you _the_ goat from bitcointalk?
[2015-07-28 18:36:50] splash : im asking out of pure curiosity
[2015-07-28 18:36:50] goat : no
[2015-07-28 18:37:01] goat : there are apparently multiple bitcoin goats
[2015-07-28 18:37:05] splash : i guess there are several goats in this world :D
[2015-07-28 18:37:09] goat : yeah
[2015-07-28 18:37:11] splash : lol
[2015-07-28 18:37:19] splash : im the only splash i know of
[2015-07-28 18:37:26] goat : surprised me too being that the community is tiny
[2015-07-28 18:38:06] splash : i was only created like 1 hour ago and the name was taken because it felt fresh. could be an explenation
[2015-07-28 18:38:12] splash : 1 hour old...
[2015-07-28 18:38:17] BitMEX_Sam : Are you the Warlizard from the Warlizard gaming forums?
[2015-07-28 18:38:21] splash : came here for the 25x :)
[2015-07-28 18:38:37] BitMEX_Sam : By the way, welcome @splash
[2015-07-28 18:39:12] splash : BitMEX_Sam: no I'm created for the soul purpose of trading, so no connection to any gaming forum.
[2015-07-28 18:39:44] splash : played to many games before. now betting on charts is the only game i find funny
[2015-07-28 18:39:48] BitMEX_Sam : It's a Reddit reference from way back. Went viral a few years ago
[2015-07-28 18:39:55] splash : thanks for the warm welcome BitMEX_Sam
[2015-07-28 18:39:56] BitMEX_Sam : Yeah same. No time for anything but work now
[2015-07-28 18:40:14] splash : Sam: I wasnt aware of that. :)
[2015-07-28 18:40:32] splash : Sam: do you work as a trader?
[2015-07-28 18:40:52] BitMEX_Sam : Nope, I used to run arb on a bunch of exchanges years ago but a lot of the most profitable trades dried up
[2015-07-28 18:41:11] BitMEX_Sam : I did alts for a while, while there were still opportunities there, but never had much time to make it as good as I wanted - I was working fulltime and freelance as a developer
[2015-07-28 18:41:31] splash : there's no way to see the fututres on tradingview is there? (I mean with proprietary pine scripts enabled)
[2015-07-28 18:41:36] splash : ah arbs... never did it.
[2015-07-28 18:41:39] BitMEX_Sam : Then I started doing BitMEX, so, not much time for trading anymore. I keep up with our competitors but that's about it
[2015-07-28 18:41:43] splash : would have could have should ahve :)
[2015-07-28 18:41:48] BitMEX_Sam : Haha. Yep.
[2015-07-28 18:41:54] BitMEX_Sam : As for TV, we're going to be listed on their main site any day now.
[2015-07-28 18:42:04] splash : that will be uber nice.
[2015-07-28 18:42:07] BitMEX_Sam : Apparently the code is written and will be in their next major release.
[2015-07-28 18:42:19] splash : im looking forward to it.
[2015-07-28 18:42:33] BitMEX_Sam : I don't believe there's any way to import custom indicators into the site chart. Wish there were.
[2015-07-28 18:42:54] splash : so you're a developer / trader that went full on bitcoin exchange. sounds like ur living my dream dude ;)
[2015-07-28 18:42:54] BitMEX_Sam : You can still get some decent results if you click the fullscreen button in the chart (opens in new tab)
[2015-07-28 18:43:07] splash : ah yes i noticed
[2015-07-28 18:43:25] BitMEX_Sam : splash: Yeah, I wanted to do an altcoin exchange when we were first talking about doing this in 2014. But Arthur convinced me that derivatives would be much more interesting, and he was right
[2015-07-28 18:43:30] BitMEX_Sam : Besides, we will list some alts in the coming weeks
[2015-07-28 18:43:50] splash : cool. is there a list of the alts?
[2015-07-28 18:43:56] splash : the ones being added i mean
[2015-07-28 18:44:09] BitMEX_Sam : We haven't decided which just yet. Likely LTC and one or two more
[2015-07-28 18:44:21] BitMEX_Sam : We don't have any particular preference, we just want whatever we list to be traded.
[2015-07-28 18:44:35] splash : you know, i would loooove to trade peercoins using futures. there is no other place to do that.
[2015-07-28 18:44:37] BitMEX_Sam : Now that the DPE system is complete it's much less risky for us to list alts so it's not such a big deal.
[2015-07-28 18:44:54] BitMEX_Sam : I believe there isn't a BTCLTC on any market that's settled in BTC, so that would be a huge win as well
[2015-07-28 18:45:15] BitMEX_Sam : Wasn't aware peercoin was still going.
[2015-07-28 18:45:37] splash : lol that's funny
[2015-07-28 18:45:39] BitMEX_Sam : It's been a while since I was involved in alts. Last big win I had was tracking the Max Keiser Quarkcoin pump&dump
[2015-07-28 18:46:33] splash : lol... yea that one. i remember
[2015-07-28 18:47:14] BitMEX_Sam : Yeah that was absurd. Right around the time every coin market lost their collective minds
[2015-07-28 18:47:34] splash : "malinvestments during a bubble" comes to mind...
[2015-07-28 18:47:46] splash : new rich BTC owner investing in god and his dogs
[2015-07-28 18:47:55] BitMEX_Sam : Exactly
[2015-07-28 18:48:30] splash : about peercoin. it's alive and things are brewing, i've been keeping tracks of things in the peercoin community. there are a few things are makes me bullish on that particular currency.
[2015-07-28 18:50:05] splash : there's never been any real drama or scams, related to it and it offers the perfect hedging bet (in my opinion) on the "mining centralization" issue that I think its in the pipe for bitcoins.
[2015-07-28 18:50:26] splash : no real pump n dumps, so the charts are _really_ nice to trade
[2015-07-28 18:52:19] BitMEX_Sam : Interesting.
[2015-07-28 18:52:33] BitMEX_Sam : I'll have to do some more reading on it. There's so much going on in the ecosystem that it's tough to keep up with what everyone's doing.
[2015-07-28 18:52:47] splash : the ecosystem is slowly bur surely being built out, Nubits (USD pegged currency) is a fork of Peercoin and pays dividends in peercoins. and some other tings going on as well thay I wont spam you with here
[2015-07-28 18:53:34] splash : yea for me personally I would love to be able to trade futures on it. ive been reaching out to several exchanges for a long time about that, but everyone have said no
[2015-07-28 18:54:27] splash : i wont spam more about it now. thanks for reading :)
[2015-07-28 18:55:58] j8 : i would think a history of liquid markets would be one of the most important criteria - obviously none of the alts are great for that, not sure how peercoin compares, but it's basically just btc-e right?
[2015-07-28 18:56:51] BitMEX_Sam : I see it on cryptsy too.
[2015-07-28 19:03:02] splash : yea i think its on some exchanges. im fairly certain main liquidity is found on btc-e. some places it shows up kind of just because of its long history as one of the "staple alts", like on mycelium entropy just the other day: https://mycelium.com/assets/entropy/me.html
[2015-07-28 19:04:15] j8 : looks like 5-10 btc daily volume on cryptsy.
[2015-07-28 19:10:32] miratrader : for us as algo traders it doesn't matter what alts you have as long as there is a steady trading volume and enough market makers quoting both sides. Personally I would add just LTC to see the take up on that. Your BTC volume is quite low and LTC volume is usually just about 10% of BTC volume.
[2015-07-28 19:11:23] splash : ether would be nice too
[2015-07-28 19:11:29] splash : maybe more work to get running though
[2015-07-28 19:11:56] splash : (compared to bitcoin forks)
[2015-07-28 19:12:17] splash : otherwise i basically agree with @miratrader
[2015-07-28 19:13:43] BitMEX_Sam : Yeah that's our sentiment as well. It's just about what will trade and what will be a godo market
[2015-07-28 19:13:45] BitMEX_Sam : good*
[2015-07-28 19:15:02] miratrader : LTC should do well with all that recent volatility, lots of money made there
[2015-07-28 19:15:14] splash : i prefer to trade coins that have nice charts (no so much whipsaw) and deep order book.
[2015-07-28 19:17:04] splash : though I trade small timeframes, Ive got a longer term outlook. Im in the camp that believes that bitcoins going to the moon. I'm also fairly certain that the age of AltCoins are going to go away and be replaced by decentralized or at least "loolsy defined" organizations with tradeable shares.
[2015-07-28 19:19:20] splash : I believe that as bitcoins goes to 5K USD some AltCoins will be sucked up and traded much like penny stocks. Litecoin and Peercoin I strongly believe will be one of those. Then corporations will emerge during this new speculative wave.
[2015-07-28 19:20:07] splash : Oldtimers will tell new bitcoin believers that "AltCoins are dead!" and it will be all about buying shares in companies that pays dividends in crypto currencies.
[2015-07-28 19:20:47] splash : Nubits pays dividends in peercoins. BC Exchange (decentralized exchange) will pay dividends in bitcoins... and so forth and so on.
[2015-07-28 19:21:41] splash : Offering leveraged futures trading on companies that pays out dividends in crypto currencies that are going to the moon, along with the promise of becoming the next google of the new financial backbone of the world.... man....
[2015-07-28 19:22:32] splash : If I owned an exchange like yours, I would profile it to fit the new wave of speculate mania.
[2015-07-28 19:22:57] splash : do i make sense, or am I a mad man raving?
[2015-07-28 19:24:50] BitMEX_Sam : You make sense, and we will list alts, the issue is that so many of them don't trade in volume or won't make it past the next year or two