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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<< >> English 中文 Русский 한국어 日本語 Español Français [2016-05-10 11:51:48] mrp1nk : lel [2016-05-10 11:52:02] arbitrage001 : going to hold my short for a while [2016-05-10 11:52:32] arbitrage001 : most people expecting halfing will magically make price goes up [2016-05-10 11:53:39] wurstgelee : no, not magically at all [2016-05-10 11:54:26] arbitrage001 : theoretically? [2016-05-10 11:54:44] subjective : what is XBT24H price been based on? [2016-05-10 11:54:56] habibi : https://www.kaiko.com/bitmex [2016-05-10 11:55:07] subjective : why is it stucked at 450.26 while increases on exchanges [2016-05-10 11:55:23] habibi : magic happens sometimes :) [2016-05-10 11:55:26] arbitrage001 : subjective: it followed mood of traders here [2016-05-10 11:56:21] wurstgelee : arbitrage001: u think doubling mining costs will have no impact? [2016-05-10 11:56:24] subjective : it's 452+ everywhere else (BFX. Bitstamp) [2016-05-10 11:56:42] arbitrage001 : wurstgelee: will have impact, just not what most people will expect [2016-05-10 11:56:49] j8 : subjective: it settles in 4 minutes so the settlement price is a 30 minute average [2016-05-10 11:57:16] subjective : so it basically freezes before settlement [2016-05-10 11:57:21] j8 : it averages [2016-05-10 11:57:39] wurstgelee : arbitrage001: how do u now what people expect? ;) [2016-05-10 11:57:55] wurstgelee : *k [2016-05-10 11:58:00] arbitrage001 : wurstgelee: because i was a sucker miners for longer than a year? [2016-05-10 11:58:16] wurstgelee : well, then u know what sucker miners think ;) [2016-05-10 11:58:21] habibi : +1 [2016-05-10 11:58:59] BitMEX_Sam : Daily settlement in 60 seconds. [2016-05-10 12:03:20] subjective : last few mins of the avg price is really retarted [2016-05-10 12:03:35] subjective : now instant jump of $2+ [2016-05-10 12:03:51] habibi : subjective: settlement - key word [2016-05-10 12:05:51] wurstgelee : :D [2016-05-10 12:21:49] BitMEX_Sam : rapidtrades: The trollbox does have position/size memory. The chart minimization does not. Use the advanced layout if you want your customizations to stick. [2016-05-10 12:26:21] rapidtrades : BitMEX_Sam: that wouldnt work cos in advanced i can never minimize the chart, only move it [2016-05-10 12:26:40] BitMEX_Sam : rapidtrades: You can make it very small, and once it detects that it is too small to see, it unloads [2016-05-10 12:27:06] BitMEX_Sam : There is no minimize button in advanced because you can simply resize it [2016-05-10 12:27:38] rapidtrades : that interface is too resource heavy for me [2016-05-10 12:28:38] haxmb : BitMEX_Sam: what did you change with the bitcoin pair [2016-05-10 12:28:48] haxmb : did the symbol change as well? :/ [2016-05-10 12:30:35] BitMEX_Sam : haxmb: Nothing changed on the BItcoin pair [2016-05-10 12:30:43] haxmb : nothing changed? ok [2016-05-10 13:04:02] subjective : how is the mark price calculated? [2016-05-10 13:04:25] subjective : XBT 24 for example, is it a avg of rades on other exchange? [2016-05-10 13:08:21] BitMEX_Wally : We use the BitMEX Kaiko Index [2016-05-10 13:08:25] BitMEX_Wally : https://www.kaiko.com/bitmex [2016-05-10 13:09:11] subjective : Thx, 50% follows BFX [2016-05-10 13:09:52] BitMEX_Wally : Between 11:30 and 12:00 UTC (the 30 minutes before settlement) we take a time weighted average and use that as the mark price [2016-05-10 13:09:54] BitMEX_Wally : Which ultimately becomes the settlement price [2016-05-10 13:12:24] subjective : Thx [2016-05-10 13:12:49] subjective : KAIKO index uses OkCoin, that is Okcoin international right ? BTC/USD [2016-05-10 13:22:39] sleger : it's all subjective [2016-05-10 13:29:38] mrp1nk : BitMEX_Wally: so, how is the 7d mark price calculated? [2016-05-10 13:33:08] rapidtrades : subjective: yes [2016-05-10 13:34:34] BitMEX_Wally : XBT24H uses a 30 minute TWAP before settlement. The rest use a 120 minute TWAP before settlement [2016-05-10 13:34:49] BitMEX_Wally : subjective: Yes OKC international [2016-05-10 13:36:16] TechFuture : Hi [2016-05-10 13:37:41] TechFuture : Is it possible to trade the bitcoin price intraminute on this platform? [2016-05-10 13:38:38] subjective : how often does XTBM16 updates? [2016-05-10 13:38:42] BitMEX_Wally : You can trade as often as you like [2016-05-10 13:38:44] TechFuture : I see https://www.kaiko.com/bitmex updating very slowly... [2016-05-10 13:38:51] BitMEX_Wally : That's just the settlement price [2016-05-10 13:39:31] BitMEX_Wally : XBTM16 is a future, so you're trading with each other in the order boo [2016-05-10 13:39:58] BitMEX_Wally : The index only affects the final settlement price [2016-05-10 13:40:33] TechFuture : BitMEX_Wally: Thanx [2016-05-10 13:40:46] TechFuture : I am still looking around [2016-05-10 13:41:22] TechFuture : Nice platform, I visited sometimes as guest. [2016-05-10 13:41:27] TechFuture : Looks and feels good. [2016-05-10 13:41:56] TechFuture : And nice support in the box : ) [2016-05-10 13:42:01] rapidtrades : doesn't look that great tbh [2016-05-10 13:42:06] BitMEX_Wally : Great, let us know if you have any questions. We're happy to help [2016-05-10 13:42:15] BitMEX_Wally : And I'm sure rapidtrades is happy to insult you [2016-05-10 13:42:26] BitMEX_Wally : Wouldn't be a trollbox without some trolls [2016-05-10 13:42:47] rapidtrades : oh there's much bigger trolls then me here :) [2016-05-10 13:47:16] TechFuture : https://www.bitmex.com/app/contract/XBT24H [2016-05-10 13:47:46] TechFuture : When I look at minute candles, I dont see much movement here neither? [2016-05-10 13:53:47] TechFuture : Okay, this looks interesting: [2016-05-10 13:53:49] TechFuture : https://www.bitmex.com/app/index/.XBT [2016-05-10 13:54:18] TechFuture : Can I trade .XBT directly then? [2016-05-10 13:54:43] BitMEX_Sam : `.XBT` is the underlying price index for Bitcoin, taken from snaps of other markets. [2016-05-10 13:54:59] BitMEX_Sam : The XBT & XBU contracts settle on a TWAP of it. [2016-05-10 13:55:40] BitMEX_Sam : The 1min chart for 24H does have some flat spots, that is true - on a 15m scale it more accurately captures how the price moves, [2016-05-10 13:56:31] BitMEX_Sam : The underlying price has been mostly flat for the last 20 minutes which is why you don't see many trades. [2016-05-10 13:57:14] TechFuture : Flat is timeframe dependent. [2016-05-10 13:57:49] BitMEX_Sam : Yes. [2016-05-10 13:58:17] BitMEX_Wally : If you want to trade `.XBT` the go to Bitfinex. The fees are higher and the leverage is lower [2016-05-10 13:58:49] BitMEX_Wally : Look at the XBT24H order book to get an idea of the current price and spread [2016-05-10 13:58:55] BitMEX_Wally : Looks < $0.50 spread [2016-05-10 13:59:37] TechFuture : Okay. [2016-05-10 14:21:45] viptrader : LOL some about to get liq on ETH [2016-05-10 14:30:51] REKT : Liquidated long on `LTCXBT`: Sell 50 @ 0.00861 [2016-05-10 14:31:14] alchemist : callled it [2016-05-10 14:32:42] mrp1nk : dump it [2016-05-10 14:33:56] REKT : Liquidated long on `XBT48H`: Sell 200 @ 451.27 [2016-05-10 14:40:16] REKT : Liquidated long on `LTCXBT`: Sell 300 @ 0.00860 [2016-05-10 15:52:55] mrp1nk : ! [2016-05-10 16:19:33] BitMEX_Sam : rapidtrades: The chart will now remember being minimized. [2016-05-10 16:43:12] tscha : BitMEX_Sam: when I leave ETH tab and quantity field has 300 in it, then switch to XBT and trade there, then leave XBT tab (quantity field == 5000 when I leave for example) and switch back to ETH, it doesn't show 300 in the quantity field, but 5000... would make more sense to keep the ETH value I was putting in before [2016-05-10 16:43:43] tscha : I had put in* [2016-05-10 16:43:59] tscha : or no, past tense I think.. fuck english [2016-05-10 16:46:25] tscha : if you trade both XBT and ETH, and you switch between them, you always have to adjust the quantity field because it takes the value from the other contract [2016-05-10 16:49:26] tscha : I'd rather see it blank to be honest, always frightens me [2016-05-10 16:57:37] BitMEX_Sam : :+1: tscha I'll work on a fix for that. [2016-05-10 17:04:46] wurstgelee : best solutions would be if it remembers the last values you entered imo ;) [2016-05-10 17:04:54] wurstgelee : for each contract ofc [2016-05-10 17:15:11] BitMEX_Sam : Yeah, I'm going to have it remember all inputs for each symbol, but update prices each session. [2016-05-10 17:22:32] tscha : BitMEX_Sam: +1 [2016-05-10 17:23:08] BitMEX_Sam : What do you think about saving the order type between symbols? So if you were inputting a stop on one, but switched to another that you last put a limit on, it would switch to limit. [2016-05-10 17:23:18] alchemist : the fees on trailing stop market suck [2016-05-10 17:24:05] BitMEX_Sam : alchemist: The fees are the same between all order types. [2016-05-10 17:24:35] BitMEX_Sam : The only possible difference is if you use a hidden order, which more often incurs a taker fee. [2016-05-10 17:25:25] alchemist : i thought the fees were different between market and limit order [2016-05-10 17:25:48] BitMEX_Sam : No. The difference you might see is if you make liquidity, or take liquidity [2016-05-10 17:26:08] alchemist : i dont understand this. [2016-05-10 17:26:39] alchemist : i get the maker -fee though [2016-05-10 17:26:53] BitMEX_Sam : If you place an order and it remains in the book, and isn't hidden, you receive the maker rebate. [2016-05-10 17:27:11] BitMEX_Sam : If you place an order and it immediately executes against existing liquidity, it is a taker order and you pay the taker fee. [2016-05-10 17:27:26] alchemist : a traling stop market, i assume you pay the taker fee [2016-05-10 17:27:36] alchemist : what is the best use for OCO [2016-05-10 17:28:01] BitMEX_Sam : OCO is often used when you want to place both an order to take profit and an order to stop out at the same time [2016-05-10 17:28:25] BitMEX_Sam : For example, you have a long position at 450 - I might place an order to take my profit at 460, and to stop out at 440. [2016-05-10 17:28:43] BitMEX_Sam : With OCO, if one of them executes, the other will cancel, so you don't risk both executing in some chop and ending up back in a position. [2016-05-10 17:30:19] alchemist : BitMEX_Sam: I suspect you could utilize OCO with your script, the market maker script [2016-05-10 17:30:40] alchemist : im refining a strategy on the testnet first [2016-05-10 17:30:43] BitMEX_Sam : Sure. [2016-05-10 17:30:58] BitMEX_Sam : You can send any kind of order type via the API - we also support OTO and OUO as well as long chains of triggers. [2016-05-10 17:31:30] alchemist : what is OUO [2016-05-10 17:32:14] tscha : BitMEX_Sam: I hardly switch between order types, so I, personally, don't mind the way it is now [2016-05-10 17:32:34] BitMEX_Sam : alchemist: One updates the other. These are all standard terms, plenty of in-depth information on Google [2016-05-10 17:32:53] BitMEX_Sam : tscha: Yeah, my thought is that it could be a bit unexpected if it switches on you. I think I'm going to keep order type static. [2016-05-10 17:46:18] aethlios : BitMEX_Sam: Hi Sam, the new swap XBTUSD will also be a quanto but with a different contract size, testnet shows 1 contract=1usd. [2016-05-10 18:07:05] BitMEX_Sam : aethlios: It won't be a quanto, it would be a $1 inverse contract. [2016-05-10 18:16:15] aethlios : BitMEX_Sam: so like okcoin futures? [2016-05-10 18:16:43] BitMEX_Sam : Yes, but a smaller size. This will work well with our future plans to offer views and input in Bitcoin rather than contracts [2016-05-10 18:16:58] BitMEX_Sam : With $100 futures, rounding can cause a user to enter a significantly larger position than expected, but with $1 it is quite easy [2016-05-10 18:18:50] aethlios : BitMEX_Sam: Yes I aggre, I just try to think how the contract will act in a highly bullish envi since it never expires. Could it be in a high premium for a long time? [2016-05-10 18:19:29] BitMEX_Sam : That's unlikely due to its payout structure and weekly rebalance [2016-05-10 18:37:44] rapidtrades : Herro! This is Wong Dong. In d market for bitcorns. Contact me at my son's email Elijah Dong at dong.cn [2016-05-10 18:40:07] REKT : Liquidated long on `ETHXBT`: Sell 650 @ 0.02052 [2016-05-10 21:31:28] alchemist : will the futures decay ino the swaps [2016-05-10 21:44:58] sleger : can you define "decay inTo" ? [2016-05-10 21:46:05] alchemist : I mean when they expire will they rollover into xbtusd swaps [2016-05-10 21:46:12] alchemist : Cause that would be smart [2016-05-10 21:46:17] uiop : sleger: i think he means be equal in price at time_to_settlement==0 [2016-05-10 21:46:30] uiop : oh, i was wrong [2016-05-10 21:46:45] sleger : alchemist: at some point in the future swaps xbt will replace futures yes [2016-05-10 21:47:02] uiop : alchemist: so you mean "futures would be deliverable (instead of cash settled), and would deliver a swap" [2016-05-10 21:47:04] sleger : but probably not this week they want to evaluate first with eth and ltc [2016-05-10 21:47:14] sleger : uiop: no still not what he means [2016-05-10 21:47:27] uiop : i realized that halfway through typing.... [2016-05-10 21:47:28] sleger : he means "will swaps replace futures" [2016-05-10 21:47:44] uiop : 3rd try is a charm [2016-05-10 21:47:46] uiop : *time [2016-05-10 21:52:42] BitMEX_Greg : alchemist: Hi, we won't be rolling your positions from the futures into the swap when we launch the XBTUSD swap product as it is a totally different contract. [2016-05-10 21:52:51] REKT : Liquidated long on `XBT24H`: Sell 600 @ 451.29 [2016-05-10 21:56:49] mrp1nk : it's lit [2016-05-10 21:56:59] rapidtrades : what is [2016-05-10 21:57:44] mrp1nk : the corn [2016-05-10 22:23:51] rapidtrades : mrp1nk: u trade corn fella? [2016-05-10 22:24:28] mrp1nk : i'm still waiting for the dip [2016-05-10 22:25:01] rapidtrades : dip to where [2016-05-10 22:25:59] mrp1nk : something around ~2880 cny [2016-05-10 22:26:51] mrp1nk : *somewhere [2016-05-10 22:27:01] rapidtrades : 440? [2016-05-10 22:28:14] mrp1nk : yea, that would be sweet [2016-05-10 22:28:46] rapidtrades : idk we haven't made a new high in 15 days now [2016-05-10 22:28:56] rapidtrades : things are not looking good [2016-05-10 22:31:30] rapidtrades : did tsha buy back in? he got out near 430-440 i think [2016-05-10 22:31:48] rapidtrades : ''bitcoin is finished'' Tscha 2016 [2016-05-10 22:52:14] tscha : no, but I closed my short when price hovered around 415 for weeks [2016-05-10 22:58:17] sleger : you said you got out converted your bitcoin to fiat, but somehow you also kept shorts you forgot to mention ? using your non existing bitcoins as collateral ? [2016-05-10 23:01:46] REKT : Liquidated long on `XBT24H`: Sell 110 @ 449.86 [2016-05-10 23:03:02] mrp1nk : ok, finally ... [2016-05-10 23:03:32] REKT : Liquidated long on `XBT24H`: Sell 200 @ 449.44 [2016-05-10 23:14:51] rapidtrades : sleger: are u in profit on ur forex market making [2016-05-10 23:15:14] sleger : never had a losing week [2016-05-10 23:15:42] rapidtrades : do u get paid rebates or just spread [2016-05-10 23:16:08] sleger : i pay commissions [2016-05-10 23:16:17] sleger : forex is not equity, no rebates [2016-05-10 23:16:54] rapidtrades : commission are pretty low with that turnover tho right [2016-05-10 23:19:30] sleger : yes but so are spreads [2016-05-10 23:21:00] REKT : Liquidated long on `XBT7D`: Sell 22 @ 449.26 [2016-05-10 23:23:05] rapidtrades : sleger: do u think its sustainable? lot of the banks are going automated to cut costs [2016-05-10 23:23:26] sleger : that was done 5 years ago already [2016-05-10 23:23:35] sleger : 5-10y ago actually [2016-05-10 23:24:26] micmix : it's more like 10+ now, my friends did that in late 90s [2016-05-10 23:25:11] sleger : most banks really started having e-fx desk in 2005-2008 [2016-05-10 23:25:31] sleger : deutsche was the first and it was in early 2000s [2016-05-10 23:25:50] micmix : yeah, my friends were shopping their system around in early 2000s [2016-05-10 23:25:58] rapidtrades : i mean they're completely eliminating trader jobs and using algos to make makrets and fill orders [2016-05-10 23:27:30] sleger : thats done already [2016-05-10 23:27:54] sleger : but they can also keep less risk due to regulations so there's more money back to the "market" [2016-05-10 23:28:00] rapidtrades : Electronic dealing, which accounted for 66 percent of all currency transactions in 2013 and 20 percent in 2001 [2016-05-10 23:28:25] rapidtrades : so pretty much shift happened around 2012/13 [2016-05-10 23:28:44] rapidtrades : we're still not at 90% algos like other markets tho [2016-05-10 23:30:19] sleger : if it's by number of trades more than 99% is electronic [2016-05-10 23:30:35] sleger : if by volume, less but i would still say 90% [2016-05-10 23:31:03] rapidtrades : its 66% its right there ^^^...expected to go up to 76% in next few years [2016-05-10 23:31:36] sleger : where do these numbers come from ? [2016-05-10 23:31:46] rapidtrades : an old bloomberg article :) [2016-05-10 23:31:52] sleger : 66% you said was 2013, we are in 2016 fyi [2016-05-10 23:33:33] Adriana : If I want partially close my long should I just sell into my position? Will it decrease my entry price? [2016-05-10 23:35:04] sleger : yes and I think no [2016-05-10 23:35:19] rapidtrades : i cant find any new figures [2016-05-10 23:35:38] Adriana : sleger: ok, thanks [2016-05-10 23:35:39] rapidtrades : anyway my q was do u think it will get harder for u to make money [2016-05-10 23:36:58] rapidtrades : found this in my search tho lol http://www.telegraph.co.uk/finance/personalfinance/investing/11152406/The-DIY-day-traders-I-lost-250k-but-made-it-all-back-and-more.html [2016-05-10 23:37:53] sleger : rapidtrades: no i dont think it will be harder [2016-05-10 23:42:45] rapidtrades : ok then [2016-05-11 01:00:51] Blargwaffle : BitMEX_*: What's the usual wait time on a reply from admin@bitmex.com? Though not an emergency, I am curious. [2016-05-11 01:36:03] kingscrown : my birthday post - http://fuk.io/2nd-may-2016-in-bitcoin-and-cryptocurrency-news-article/ dont miss this infos and bonuses u can get for giving me birthday presents! #promo-allowed-on-birthday [2016-05-11 01:38:06] BTCVIX : Blargwaffle: should be pretty quick [2016-05-11 01:39:58] Blargwaffle : Maybe they're mulling over the contents of the email, I just want to know if they got it. [2016-05-11 01:43:01] BitMEX_Arthur : Blargwaffle: our CTO Sam will get in touch with you [2016-05-11 01:45:55] Blargwaffle : Ah, thanks. I know I wasn't very discrete with my finding, but if someone started spamming links I would've warned against clicking them. [2016-05-11 02:08:53] sq : why do my cash rebalance for Friday appear negative when i made profit on the contract? tks [2016-05-11 02:09:17] sq : in my wallet page [2016-05-11 02:26:44] BitMEX_Wally : sq: You have unrealised profit on that contract, but this does not affect the wallet balance. Only realised PNL affects the wallet balance. That `Pending` entry contains the entry commission. [2016-05-11 02:27:08] sq : ic thanks for clarifying. new to bitmex [2016-05-11 02:29:50] BitMEX_Wally : Blargwaffle: Apologies for the delay, could you forward your original email to support@bitmex.com [2016-05-11 04:09:04] Blargwaffle : Ah, alright. [2016-05-11 04:33:07] tscha : sleger: I was shorting on finex, using fiat as collateral [2016-05-11 04:39:00] tscha : sleger: plus I didn't forget to mention it, you just forgot to read it [2016-05-11 05:20:12] daveberns1 : quite a spread on that Sept XBT [2016-05-11 05:20:19] daveberns1 : any more sellers around? [2016-05-11 05:22:05] BitMEX_Arthur : daveberns1: I can ping our MM, how many do you want to buy? [2016-05-11 05:56:45] daveberns1 : im good for the moment, thx [2016-05-11 06:05:56] ayy_lmao : bitmex DAO market is only on testnet for now right? [2016-05-11 06:06:07] BitMEX_Arthur : ayy_lmao: Yes that is correct [2016-05-11 06:06:16] BitMEX_Arthur : It will be live in the next few days [2016-05-11 06:06:20] ayy_lmao : main-net eta? [2016-05-11 06:06:23] ayy_lmao : ok thx [2016-05-11 06:06:29] miramm1115 : DAO market? [2016-05-11 06:06:35] BitMEX_Arthur : DAO/ETH [2016-05-11 06:06:44] BitMEX_Arthur : It expires one month after the ICO, 24 June [2016-05-11 06:07:54] BitMEX_Arthur : We think that the DAPPs ICO market is going to heat up in 2016, this is our first trial run at an ICO derivative [2016-05-11 07:22:10] rapidtrades : okc now leading the market [2016-05-11 07:50:31] haxmb : BitMEX_Arthur: you are going to bring the DAO/ETH market live before the finish of DAO crowdsale? [2016-05-11 07:51:50] rapidtrades : if bitmex plans to add another shitcoin then I vote to keep all long-term futures 3m and 6m...oh yeah and adding 1m would be cool too [2016-05-11 07:52:10] rapidtrades : okc has the 1w and 2w market covered [2016-05-11 08:52:44] zanza : would be cool to keep long dates futures here, then consolidate monthly/weekly/daily into a perpetual swap [2016-05-11 08:53:35] zanza : maybe keep a 3 and 6 month future. Most people who trade the shorter futures basically just want a perpetual swap [2016-05-11 10:07:22] REKT : Liquidated short on `ETHXBT`: Buy 87 @ 0.02117 [2016-05-11 10:12:51] REKT : Liquidated short on `ETHXBT`: Buy 20 @ 0.02140 [2016-05-11 10:13:51] REKT : Liquidated short on `ETHXBT`: Buy 304 @ 0.02144 [2016-05-11 10:56:04] arbitrage001 : zanza: right, and there are some who only trade long dated future [2016-05-11 11:18:24] BitMEX_Arthur : haxmb: Yes `DAOETH` will go live before the crowd sale ends [2016-05-11 11:25:00] haxmb : BitMEX_Arthur: awesome [2016-05-11 11:25:18] haxmb : BitMEX_Arthur: side question, where are your authenticated API servers located? [2016-05-11 11:39:04] BitMEX_Arthur : haxmb: We are on AWS Dubin [2016-05-11 11:56:51] viptrader : time to buy eth? [2016-05-11 12:33:15] haxmb : BitMEX_Arthur: cheers thanks [2016-05-11 12:48:50] sleger : wow, dao raised 38m$ ! insane [2016-05-11 12:59:49] viptrader : sleger: rip investors [2016-05-11 13:19:44] j8 : crypto people do seem to like crowd funding things [2016-05-11 13:19:57] habibi : sleger: doesnt matter, they will be able to split tokens back into eth [2016-05-11 14:48:04] rapidtrades : habibi: what does that mean [2016-05-11 15:11:07] REKT : Liquidated short on `ETHXBT`: Buy 4 @ 0.02157 :punch: :whale: [2016-05-11 15:14:21] REKT : Liquidated short on `ETHXBT`: Buy 50 @ 0.02167 [2016-05-11 15:15:06] REKT : Liquidated short on `ETHXBT`: Buy 150 @ 0.02170 [2016-05-11 15:15:17] REKT : Liquidated short on `ETHXBT`: Buy 240 @ 0.02180 [2016-05-11 15:21:49] arbitrage001 : j8: crowd funding platform business model works [2016-05-11 15:22:07] arbitrage001 : combining it crypto make good sense [2016-05-11 15:22:30] arbitrage001 : how they implement it is the key [2016-05-11 15:23:07] j8 : apparently, i have to say it's kind of brilliant that they are crowdfunding a crowdfunding platform.. and it runs on top of a blockchain that was a big successful crowdfund [2016-05-11 15:23:38] arbitrage001 : j8: yes, it could work. We will just just miss the bus [2016-05-11 15:23:48] arbitrage001 : risk is too high for my appetite [2016-05-11 15:25:26] j8 : maybe speculating on DAO's will be a more productive use of time for all those people speculating on altcoins [2016-05-11 15:27:22] rapidtrades : remember neobee? crypto ppl are stupid with their money [2016-05-11 15:27:59] rapidtrades : we're now in the phase where every early ''adopter'' is slowly or quickly losing their monies [2016-05-11 15:30:03] rapidtrades : ppl confuse luck with skill and think that cos they struck it rich one time, they can continue to do the same [2016-05-11 15:33:56] rapidtrades : you're not a visionary, you were just at the right place at the right time [2016-05-11 15:42:08] arbitrage001 : rapidtrades: if DAO works, eth could actually replace btc [2016-05-11 15:43:23] arbitrage001 : many people bought lottery rticket [2016-05-11 15:43:51] arbitrage001 : with dao, I think the investors figured the odd of winning is better than lottery [2016-05-11 15:46:46] rapidtrades : so what even if it replaces bitcoin? its not very useful as is [2016-05-11 15:47:26] arbitrage001 : bitcoin is not very useful at this momment [2016-05-11 15:47:50] tscha : "at this moment" lol [2016-05-11 15:48:12] rapidtrades : its shit, growth is gone...bitcoin can barely double on the halvening while litecoin went up 8X last year [2016-05-11 15:48:19] arbitrage001 : need only 1 application to create an ecology system [2016-05-11 15:49:15] rapidtrades : the hype is gone man, ppl don't care about crypto anymore [2016-05-11 15:49:37] arbitrage001 : dont agree [2016-05-11 15:49:57] arbitrage001 : how much money was pump into eth? [2016-05-11 15:50:10] arbitrage001 : and now DAO? [2016-05-11 15:50:18] rapidtrades : by idiots who think we'll see a repeat of bitcoin [2016-05-11 15:50:57] arbitrage001 : you think idiots run multi million dollars fund or networth that much? [2016-05-11 15:51:04] rapidtrades : you'll never repeat what bitcoin did, it was unique in its day plus it came at the perfect time post-2008 when distrust of the financial system was at its peak [2016-05-11 15:52:08] habibi : rapidtrades: my point is u can simple take ur eth back from dao after presale ends, so its very easy to pump it as it can bring media attention, people dreams and stuff like that [2016-05-11 15:52:33] blackwhite : Bitmex team, can we see the "Last Rebalance price" in "Open Positions" list? [2016-05-11 15:52:48] rapidtrades : habibi: so buy eth? [2016-05-11 15:52:51] blackwhite : The entry price is really annoying to not be related to PnL [2016-05-11 15:55:38] BitMEX_Sam : blackwhite: I'll add last rebalance price on hover [2016-05-11 16:39:39] REKT : Liquidated short on `ETHXBT`: Buy 52 @ 0.02205 [2016-05-11 17:31:40] j8 : BitMEX_Sam: are the cancel all (X) buttons supposed to be so tiny [2016-05-11 17:32:07] BitMEX_Sam : Yes, we decided to compress them a bit - may look jarring at first but hopefully everyone will get used to it. [2016-05-11 17:33:43] j8 : doesn't save any horizontal space as it is, maybe the individual order cancel buttons could just be an X also? [2016-05-11 17:34:37] j8 : probably too confusing. [2016-05-11 17:34:55] Baseballman : perhaps a stupid question but does anyone know how to remove an indicator from the chart? [2016-05-11 17:36:13] BTCVIX : Baseballman: just X out the indicator [2016-05-11 17:37:04] BitMEX_Sam : j8: It's more to save vertical space (they were much taller before) and the width is to differentiate from individual orders [2016-05-11 17:37:21] BitMEX_Sam : Baseballman: You should see an `x` on the top left of the chart for each indicator - if not, try fullscreening the chart [2016-05-11 17:39:21] Baseballman : Many thanks for the advice .... got it working now [2016-05-11 17:58:42] viptrader : dump time in ETH [2016-05-11 18:15:57] sleger : 2hoursago:56:51] viptrader : time to buy eth? [2016-05-11 18:18:59] rapidtrades : he changed his mind :) [2016-05-11 18:21:18] tscha : BitMEX_Sam: the cancel all button looks like this here http://imgur.com/dfY3b3Y [2016-05-11 18:21:32] tscha : zoom is correct this time ;) chrome [2016-05-11 18:37:54] rapidtrades : BitMEX_Sam: any ETA for the currency futures [2016-05-11 18:58:29] REKT : Liquidated long on `XBT24H`: Sell 149 @ 451.55 [2016-05-11 19:04:04] BitMEX_Sam : tscha: Thanks, I'll address that, needs a tweak [2016-05-11 19:04:17] BitMEX_Sam : rapidtrades: Which are you referring to? [2016-05-11 20:08:06] BitMEX_Sam : blackwhite: You can now hover your position's entry price to see the rebalance price. [2016-05-11 21:18:03] REKT : Liquidated long on `XBT24H`: Sell 1 @ 450.90 :punch: :whale: [2016-05-11 21:18:07] REKT : Liquidated long on `XBT24H`: Sell 500 @ 450.82 [2016-05-11 21:43:48] ayy_lmao : @bitmexteam:I like the new market buttons [2016-05-11 21:44:04] ayy_lmao : looks better than previous design [2016-05-11 21:44:34] ayy_lmao : (buy/sell) [2016-05-11 21:47:29] BitMEX_Sam : Thanks. The point is to help you catch mistakes before you order [2016-05-11 21:47:53] BitMEX_Sam : We now save your input per-contract, which is helpful, but could be confusing because it is new behavior [2016-05-11 21:53:21] tscha : BitMEX_Sam: good that you are starting with 1 contract [2016-05-11 22:02:07] REKT : Liquidated long on `ETHXBT`: Sell 77 @ 0.02186 [2016-05-11 22:07:34] j8 : i like it [2016-05-12 00:58:10] podizzle3k : is there any way to tell what my lending fees are other than the change in realized [2016-05-12 00:58:26] podizzle3k : my realized is all over the map [2016-05-12 00:58:52] sleger : poor you [2016-05-12 00:59:27] sleger : have you tried the help page ? maybe : https://www.bitmex.com/app/contract/LTCXBT ? [2016-05-12 01:06:33] BitMEX_Arthur : podizzle3k: Can you explain your problem in more detail [2016-05-12 01:06:46] BitMEX_Arthur : I want to know what is unclear about how we are presenting the data [2016-05-12 01:07:20] podizzle3k : its not a problem im just interested in seeing exactly how much im paying out (or receiving) in lending fees on the perpetual contracts [2016-05-12 01:08:12] BitMEX_Arthur : https://www.bitmex.com/app/tradeHistory# [2016-05-12 01:08:27] BitMEX_Arthur : `{"execType":"Funding"}` [2016-05-12 01:08:33] BitMEX_Arthur : type that into the search box [2016-05-12 01:08:34] podizzle3k : ah thanks! [2016-05-12 01:09:07] BitMEX_Arthur : or you can click in the `Type` column `Funding` and it will auto sort for you [2016-05-12 01:09:33] podizzle3k : yep thats exactly what i was looking for i was just scrolling through order history and didnt see it [2016-05-12 01:23:08] sleger : these bitcoiners, such children... need daddy for the simplest things ! [2016-05-12 02:20:33] podizzle3k : oh sleger btw that link you pasted was no help at all [2016-05-12 02:20:35] podizzle3k : just sayin [2016-05-12 02:20:47] podizzle3k : per usual for you [2016-05-12 02:26:45] micmix : REKT is down for maintenance, please avoid getting rekt for a few minutes, thanks :smile: [2016-05-12 02:46:38] micmix : REKT is back, you can continue to get rekt as much as you want [2016-05-12 03:01:11] ayy_lmao : lol [2016-05-12 03:11:23] REKT : Liquidated long on `XBT24H`: Sell 5788 @ 450.13 [2016-05-12 03:11:23] REKT : Liquidated long on `XBT7D`: Sell 2400 @ 450.27 [2016-05-12 03:11:23] REKT : Liquidated long on `XBT24H`: Sell 4 @ 450.20 :punch: :whale: [2016-05-12 03:16:40] micmix : just in time :smile: [2016-05-12 04:38:51] REKT : Liquidated long on `ETHXBT`: Sell 78 @ 0.02175 [2016-05-12 05:48:36] REKT : Liquidated long on `XBT24H`: Sell 301 @ 449.28 [2016-05-12 05:48:47] REKT : Liquidated long on `XBT24H`: Sell 1000 @ 448.77 [2016-05-12 05:48:51] REKT : Liquidated long on `XBT24H`: Sell 400 @ 448.06 [2016-05-12 05:49:00] REKT : Liquidated long on `XBT24H`: Sell 78 @ 447.56 [2016-05-12 05:59:26] REKT : Liquidated long on `XBT7D`: Sell 300 @ 448.33 [2016-05-12 06:11:36] REKT : Liquidated short on `ETHXBT`: Buy 75 @ 0.02222 [2016-05-12 07:28:01] rapidtrades : good morning [2016-05-12 07:32:10] tscha : hey fella [2016-05-12 08:06:21] BitMEX_Arthur : Just a heads up guys `XBTUSD` will go live tomorrow (Friday) at 12:00 UTC [2016-05-12 08:06:49] BitMEX_Arthur : `XBT24H`, `XBT48H`, `XBT7D` will not re-list after 12:00 UTC Friday [2016-05-12 08:07:03] BitMEX_Arthur : `XBTM16` and `XBTU16` will remain and trade as normal [2016-05-12 08:07:20] BitMEX_Arthur : https://testnet.bitmex.com/app/contract/XBTUSD [2016-05-12 08:07:50] tscha : tomorrow already? oO :O [2016-05-12 08:08:01] rapidtrades : greeeat...here goes nothing i guess [2016-05-12 08:08:02] micmix : that was fast [2016-05-12 08:08:11] tscha : I thought this would take some weeks [2016-05-12 08:08:16] BitMEX_Wally : `XBTUSD` will launch in 28 hours [2016-05-12 08:08:31] micmix : well at least we still got qurterly quantos [2016-05-12 08:08:35] rapidtrades : as long as we're keeping the longer dated futures im ok with this expiriment [2016-05-12 08:08:46] BitMEX_Wally : The market loves the new swaps [2016-05-12 08:08:54] rapidtrades : so the new swap is not quanto right? [2016-05-12 08:09:35] BitMEX_Wally : Correct [2016-05-12 08:09:53] BitMEX_Wally : It is an inverse future, each contract is worth 1 USD in Bitcoin [2016-05-12 08:10:51] j8 : shit, this is the last weekly contract? [2016-05-12 08:10:54] BitMEX_Wally : So if you go long 450 contracts at $450 (i.e. 1 Bitcoin) and then close out at $500 you have made 50 / 500 = 0.1 Bitcoin profit [2016-05-12 08:11:42] BitMEX_Wally : Later we will launch a Bitcoin 'view' onto this product so you can enter order quantities in Bitcoin amounts rather than USD, and see the order book as Bitcoin amounts etc [2016-05-12 08:12:34] micmix : BitMEX_Wally: could you check volume data for ETHXBT? I didn't do any analysis but looks like the volume is down 25-30% compared to ETH7D [2016-05-12 08:12:35] rapidtrades : BitMEX_Wally: what is the swap like right now? longs pay? [2016-05-12 08:12:59] rapidtrades : on the new BTCUSD ^ [2016-05-12 08:13:33] BitMEX_Wally : https://testnet.bitmex.com/app/contract/XBTUSD [2016-05-12 08:13:42] BitMEX_Wally : `Today, longs will pay 0.0548%, and shorts will receive 0.0548% at 20:00 (12:00 UTC).` [2016-05-12 08:14:40] BitMEX_Wally : micmix: `ETHXBT` volume as a percentage of Poloniex volume is higher than `ETH7D` [2016-05-12 08:15:05] haxmb : BitMEX_Wally: when is DAO/ETH going live? :D [2016-05-12 08:15:10] micmix : oh really? good to know [2016-05-12 08:15:19] BitMEX_Arthur : haxmb: Sometime this weekend [2016-05-12 08:15:24] haxmb : ah great [2016-05-12 08:15:26] haxmb : cheers [2016-05-12 08:17:33] micmix : BitMEX_Wally: what happens to 48H today at 12:00? [2016-05-12 08:17:42] micmix : will you relist it? [2016-05-12 08:22:41] BitMEX_Arthur : micmix: No [2016-05-12 08:23:07] micmix : ok, thanks [2016-05-12 10:08:17] REKT : Liquidated short on `XBT24H`: Buy 10000 @ 450.26 [2016-05-12 10:55:09] haxmb : rrrrrrekt [2016-05-12 11:04:51] REKT : Liquidated short on `ETHXBT`: Buy 1500 @ 0.02265 [2016-05-12 11:05:36] REKT : Liquidated short on `ETHXBT`: Buy 1000 @ 0.02267 [2016-05-12 11:08:21] REKT : Liquidated short on `ETHXBT`: Buy 20 @ 0.02269 [2016-05-12 11:23:06] REKT : Liquidated short on `ETHXBT`: Buy 365 @ 0.02274 [2016-05-12 11:24:59] rapidtrades : how are we positioned today on btc and eth fellas? [2016-05-12 11:51:21] REKT : Liquidated short on `ETHXBT`: Buy 10 @ 0.02281 [2016-05-12 11:52:53] rapidtrades : so after tomorrow no more settlement games? [2016-05-12 11:54:08] BitMEX_Sam : Yep. [2016-05-12 11:55:27] rapidtrades : :( [2016-05-12 11:55:32] rapidtrades : RIP easy monies [2016-05-12 11:56:39] podizzle3k : rapidtrades youre gonna have to switch from premiums to interest rates to make all your money [2016-05-12 11:56:56] podizzle3k : so BTC are going perpetual tomorrow? [2016-05-12 11:59:39] podizzle3k : im on board now that i see how the ETH one works [2016-05-12 11:59:46] podizzle3k : funding fees arent that bad [2016-05-12 12:00:45] rapidtrades : well if i want to trade at just another futures exchanges, there's plenty out there with higher liquidity [2016-05-12 12:00:57] rapidtrades : the quanto is what made bitmex different [2016-05-12 12:01:37] rapidtrades : the swap is basically spot with leverage plus clawback risk [2016-05-12 12:02:44] rapidtrades : for more its not very attractive but who knows i may need that leverage in the future [2016-05-12 12:06:52] podizzle3k : better than okcoin where you are rekt at -60% [2016-05-12 12:13:26] rapidtrades : what does that mean [2016-05-12 12:18:36] rapidtrades : podizzle3k: what does that mean jew [2016-05-12 12:18:58] podizzle3k : jew? are you nazi? [2016-05-12 12:19:13] podizzle3k : it means what i said. at okcoin you are liquidated at -60% [2016-05-12 12:19:34] rapidtrades : are u? and they take the rest 40%? [2016-05-12 12:20:00] podizzle3k : no im not a jew but interesting that youre anti semetic. makes sense [2016-05-12 12:20:09] podizzle3k : and yea they take the other 40% of course [2016-05-12 12:20:27] rapidtrades : better top up some margin then lol [2016-05-12 12:20:58] podizzle3k : or just not trade there. considering the hoops they made me jump through to withdrawal last time [2016-05-12 12:21:07] podizzle3k : had to scream at some chinese guy on the phone to get my money [2016-05-12 12:21:15] rapidtrades : i don't trade that high so no clue how high it is [2016-05-12 12:21:21] rapidtrades : podizzle3k: for btc or cash# [2016-05-12 12:21:26] podizzle3k : btc [2016-05-12 12:21:33] rapidtrades : how come [2016-05-12 12:21:48] podizzle3k : because they want to keep your money [2016-05-12 12:22:14] rapidtrades : i never had withdrawal issue with btc [2016-05-12 12:22:48] podizzle3k : yeah me neither until i tried taking 5btc out [2016-05-12 12:23:00] podizzle3k : then i needed to send in scanned documents and all this other bullshit [2016-05-12 12:23:00] rapidtrades : i've taken lot more then that out [2016-05-12 12:23:24] podizzle3k : then youre lucky i guess [2016-05-12 12:24:04] BitMEX_Wally : `XBTUSD` is scheduled to list in 24 hours: https://www.bitmex.com/app/contract/XBTUSD [2016-05-12 12:24:11] podizzle3k : BitMEX_Wally: party on [2016-05-12 12:24:29] rapidtrades : BitMEX_Wally: booooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo [2016-05-12 12:24:54] BitMEX_Wally : rapidtrades: You can trade the quarterly futures if you want quanto [2016-05-12 12:26:35] rapidtrades : like i said the daily settlement was easy money [2016-05-12 12:27:42] arbitrage001 : rapidtrades: how is the daily easy money? [2016-05-12 12:29:52] rapidtrades : ppl fomo to get out [2016-05-12 12:51:51] REKT : Liquidated short on `ETHXBT`: Buy 458 @ 0.02293 [2016-05-12 12:51:51] REKT : Liquidated short on `ETHXBT`: Buy 2976 @ 0.02294 [2016-05-12 12:58:08] podizzle3k : no running in the hallways ETH youre gonna hurt yourself [2016-05-12 12:59:36] REKT : Liquidated short on `ETHXBT`: Buy 10 @ 0.02304 [2016-05-12 13:00:58] sleger : " podizzle3k: and yea they take the other 40% of course" that's completely wrong [2016-05-12 13:01:22] sleger : also I often withdraw bunch of 100btc and never had a single issue once with 0kcoin [2016-05-12 13:03:22] REKT : Liquidated short on `ETHXBT`: Buy 303 @ 0.02322 [2016-05-12 13:03:23] podizzle3k : well goooooood for you [2016-05-12 13:04:10] sleger : BitMEX_Wally: Are you removing xbu, fct and a50 when introducing xbtusd ? [2016-05-12 13:05:48] j8 : i have had phone calls from okc when withdrawing, a couple times [2016-05-12 13:07:29] j8 : they ask for the id # you used when you registered.. it's only an issue if you forget what # you used [2016-05-12 13:07:43] podizzle3k : haha i forgot [2016-05-12 13:07:49] sleger : there is an id# ? [2016-05-12 13:07:49] BitMEX_Wally : j8: OKC international? [2016-05-12 13:07:56] podizzle3k : screaming at them that i didnt understand him did work though [2016-05-12 13:07:58] j8 : BitMEX_Wally: yes [2016-05-12 13:07:58] BitMEX_Wally : OKC China is a different story.. [2016-05-12 13:08:06] sleger : what kind of withdrawal ? fiat or btc ? [2016-05-12 13:08:09] j8 : btc [2016-05-12 13:08:20] j8 : not huge amounts, probably 10 or 20 [2016-05-12 13:08:59] sleger : are you level2 verified ? [2016-05-12 13:09:20] j8 : you have to put in a country and a number from a photo id when you register, that's the base level of verification [2016-05-12 13:09:29] j8 : not level 2 [2016-05-12 13:09:35] BitMEX_Wally : sleger: We are delisting XBT24H and XBT7D tomorrow. XBT48H has already been delisted [2016-05-12 13:09:41] j8 : the number isn't checked and can be anything really [2016-05-12 13:10:01] sleger : j8: i was one of the first users there and i dont remember having done that [2016-05-12 13:10:31] j8 : it could have been introduced later. they sometimes ask for it if your withdrawal is flagged, and they flag a lot of false positives [2016-05-12 13:12:44] sleger : i have level 2 verification maybe that's why they never asked me anything, and i often do 100btc and even did large fiat withdrawals [2016-05-12 13:12:51] BitMEX_Wally : sleger: XBU7D is being delisted too. No-one trades it [2016-05-12 13:13:06] sleger : same for china and fct ? [2016-05-12 13:13:12] BitMEX_Wally : They'll stay for now [2016-05-12 13:13:28] BitMEX_Wally : We might drop FCT7D and re-list it as a swap if there is demand [2016-05-12 13:13:30] sleger : that would clean up the interface and let users focus on the real products that work [2016-05-12 13:13:48] sleger : well i'm sure jung1 will ask for it [2016-05-12 13:13:48] BitMEX_Wally : We might be launching `DAOETH` (quantoed into Bitcoin at 1 ETH = 1 XBT) next week [2016-05-12 13:18:21] migz : Nice./ [2016-05-12 13:45:21] REKT : Liquidated long on `ETHXBT`: Sell 345 @ 0.02299 [2016-05-12 14:08:20] rapidtrades : was okc down earlier [2016-05-12 14:37:18] zanza : RIP Apple [2016-05-12 14:37:35] BitMEX_Sam : Yowch. [2016-05-12 14:46:23] Blargwaffle : Get that email reply, Sam? [2016-05-12 14:46:28] Blargwaffle : (assuming you're the same Sam) [2016-05-12 15:05:31] aethlios : BitMEX_Sam: How about keep the xbtusd swap, and have quanto xbtusd for 3month, 6month, 9month, 12month. That way we have an 1 year yield curve for btc. [2016-05-12 15:06:25] aethlios : BitMEX_Sam: Then trades can speculate on the curve, for ex. go long the 12month and short the 6month etc. [2016-05-12 15:06:32] rapidtrades : noone wants to get rid of the quantos but its bitmex, what can u do (_____) [2016-05-12 15:06:34] BitMEX_Sam : Blargwaffle: Yes, will finish that up very shortly [2016-05-12 15:06:52] Blargwaffle : Alrighty. [2016-05-12 15:07:01] BitMEX_Sam : aethlios: I agree with the sentiment, the only issue is splitting liquidity - we are going to see how the quarterlies trade while XBTUSD is live [2016-05-12 15:07:17] BitMEX_Wally : If you guys trade the quanto quarterlies then we'll keep them [2016-05-12 15:08:37] sleger : they are already being traded, lots of trades every day [2016-05-12 15:09:04] sleger : you are keeping factom and china a50 which trade way less [2016-05-12 15:10:00] BitMEX_Wally : Yeah we'll kill Factom before we kill XBT quanto [2016-05-12 15:12:44] BitMEX_Wally : Blargwaffle: The bug bounty has been paid into your account [2016-05-12 15:12:54] Blargwaffle : That it has, thanks. [2016-05-12 15:15:54] rapidtrades : Blargwaffle: how much :) [2016-05-12 15:16:08] Blargwaffle : Over 9000! [2016-05-12 15:16:27] rapidtrades : niceeeeeeeee [2016-05-12 15:16:42] arbitrage001 : 9000 satoshi? [2016-05-12 15:18:09] Blargwaffle : Heh, it was a moderate amount. Just related to links in this Trollbox. [2016-05-12 15:18:19] Blargwaffle : Nothing that would've killed the site. [2016-05-12 15:21:51] REKT : Liquidated long on `ETHXBT`: Sell 215 @ 0.02295 [2016-05-12 15:22:21] REKT : Liquidated long on `ETHXBT`: Sell 731 @ 0.02283 [2016-05-12 15:45:42] amirmass : any bitmex manager? [2016-05-12 15:48:15] BitMEX_Arthur : amirmass: How can I help [2016-05-12 15:50:07] viptrader : BitMEX_Arthur: i want to know, my ETH short entry price is 0.0222 , but i shorted 50 contract of it at 0.0228, will i make profit if i buy this 50 contract at 0.0225? [2016-05-12 15:51:02] migz : You get 0.0003 x25 or x33 or depends on your position. [2016-05-12 15:51:27] BitMEX_Arthur : So your average entry price is 0.0222? [2016-05-12 15:51:41] BitMEX_Arthur : or are you just concerned about the 50 lots you just shorted at 0.0228? [2016-05-12 15:52:10] viptrader : yes, yes my avergae is 0.0222 but 50 contracts of them are sold at 0.0227 [2016-05-12 15:52:28] viptrader : will i make profit of the 50 if i buy them again at 0.0225 let's say [2016-05-12 15:52:34] BitMEX_Arthur : Ok so on the last 50 lots, assuming 0.0227 entry, and an exit of 0.0225