This is a mirror of the original BitMEX trollbox archive that used to be online here.
BitMEX disabled their archive after the DDOS attack so I have decided to make my mirror publicly available.

Well now, a few days after I made this mirror available to the public, the original archive from BitMEX is online again.
But since it is still limited (neutered to the last few hundred messages) I will keep my FULL mirror alive.

You have access to more than 50 million trollbox posts. This is more than 7 gigabyte of data hosted on a $5 server so please be patient or consider a donation

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[2016-05-10 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
[2016-05-12 15:52:55] migz : You lost. x50
[2016-05-12 15:53:04] sleger : it was 0.0228 now its 0.027, if you keep changing numbers it doesnt help
[2016-05-12 15:53:06] viptrader : BitMEX_Arthur: yes, will it considered a profitable trade even if it higher than my entry price
[2016-05-12 15:53:12] BitMEX_Arthur : `XBT Profit = (0.0225 - 0.0227) * 50
[2016-05-12 15:53:17] BitMEX_Wally : If you sold 50 at 0.0227 and buy at 0.0225 you make 0.0100 XBT
[2016-05-12 15:53:40] BitMEX_Wally : There is a profit calculator, hit the calculator button in the top left order control
[2016-05-12 15:53:46] migz : You can use calculator. But calculator only has 25x, not even 15x. lol it needs to have that option.
[2016-05-12 15:53:52] viptrader : BitMEX_Wally: even if it's higher than my entire entry price, yes?
[2016-05-12 15:54:08] BitMEX_Wally : migz: The leverage makes no difference, 50 contracts is 50 contracts
[2016-05-12 15:54:20] migz : BitMEX_Wally: i see. haha
[2016-05-12 15:55:35] BitMEX_Wally : viptrader: The average entry price is just that, an average. We use average cost accounting, meaning that if you bought 50 now the realised PNL would be calculated from your average entry price
[2016-05-12 15:57:38] BitMEX_Wally : So if you close 50 now it will realise a loss of -0.0150 XBT but you could think of this as an existing unrealised loss of -0.0250 XBT and a new profit of 0.01 XBT
[2016-05-12 15:58:03] BitMEX_Wally : Once the position is closed the PNL all adds up to the same
[2016-05-12 16:06:01] REKT : Liquidated long on `XBT24H`: Sell 312 @ 450.46
[2016-05-12 16:10:08] REKT : Liquidated short on `ETHXBT`: Buy 945 @ 0.02304
[2016-05-12 16:58:06] REKT : Liquidated long on `XBT24H`: Sell 2000 @ 450.17
[2016-05-12 17:06:22] podizzle3k : i see twitter rektbot is working again now i can get my mobile rekt alerts :)
[2016-05-12 17:28:40] messiaen8844 : xbt48 gone.. are we going into perpetual swapt for btc?
[2016-05-12 17:30:25] podizzle3k : yes except for the last 2 futures
[2016-05-12 17:30:40] podizzle3k : june and sep
[2016-05-12 17:33:07] messiaen8844 : great, XBU the same?
[2016-05-12 17:33:30] podizzle3k : not sure
[2016-05-12 17:37:20] BitMEX_Wally : XBU7D is being de-listed
[2016-05-12 17:37:49] BitMEX_Wally : `XBTUSD` perpetual swap is inverse with 1 USD contract size
[2016-05-12 17:54:42] donchard : BitMEX_Wally: what os m16 is it going to be listed
[2016-05-12 17:55:20] sleger : in june yes
[2016-05-12 17:55:59] BitMEX_Wally : donchard: I'm not sure I understand the question. XBTM16 is trading right now and expires on 24 June 2016.
[2016-05-12 17:57:47] donchard : after expiration are you going to list anoda long dated contract @BitMEX_Wally
[2016-05-12 17:58:35] BitMEX_Wally : If people are trading the September contract we might launch a December contract
[2016-05-12 17:59:43] donchard : okay beta
[2016-05-12 17:59:46] BombaUcigasa : Do BTC perpetual swaps, kick Bitfinex in the ass
[2016-05-12 18:01:58] BitMEX_Wally : Our XBTUSD perpetual swap references the Bitfinex lending rates for XBT and USD, so we can co-exist for now :)
[2016-05-12 18:04:10] BitMEX_Wally : Launches in 18 hours: https://www.bitmex.com/app/trade/XBTUSD
[2016-05-12 18:04:19] BitMEX_Wally : https://www.bitmex.com/app/contract/XBTUSD
[2016-05-12 18:35:31] tscha : Craigoshi deleted his latest blogpost :)
[2016-05-12 18:36:15] tscha : www.drcraigwright.net
[2016-05-12 18:36:40] BitMEX_Wally : Anything can happen between now and 1 June
[2016-05-12 18:37:27] tscha : haha :)
[2016-05-12 18:38:25] tscha : BitMEX_Wally: whats ur % estimate that you are going to win?
[2016-05-12 18:38:38] BitMEX_Wally : 90%
[2016-05-12 18:38:49] BitMEX_Wally : You can pay me 0.90 Bitcoin now if you want to close the bet
[2016-05-12 18:38:56] tscha : interesting, I had exactly the same number in mind
[2016-05-12 18:39:12] tscha : no, I like to gamble :)
[2016-05-12 18:39:15] BitMEX_Wally : :)
[2016-05-12 18:40:38] lockhedge : tscha: you were betting that craig wright will prove that he is satoshi?
[2016-05-12 18:41:13] tscha : lockhedge: yes :)
[2016-05-12 18:43:10] rapidtrades : are we really going down now
[2016-05-12 18:43:29] tscha : only bitcoin can write a story like craigoshi's
[2016-05-12 19:16:04] tscha : Is this BitMEX Greg guy just parttime working here? What's his job if I may ask?
[2016-05-12 19:16:31] BitMEX_Sam : Bizdev - talking with partners, marketing, analytics, etc
[2016-05-12 19:16:49] BitMEX_Sam : Aka a lot of the tasks the rest of us want to get to but don't have the time for
[2016-05-12 19:19:18] BitMEX_Greg : tscha: I'm also trying to get on the chat here as much as I can. Want to get feedback from you guys regarding the site and products etc
[2016-05-12 19:19:47] tscha : Ah, okay, I see
[2016-05-12 19:20:29] BitMEX_Greg : So we just sent out an email announcing the launch of the XBTUSD swap that's going live tomorrow 12 UTC time.
[2016-05-12 19:26:27] j8 : did you guys decide on daily or weekly rebalancing?
[2016-05-12 19:29:06] BitMEX_Greg : j8: Weekly rebalancing but daily funding adjustments
[2016-05-12 19:36:37] j8 : a week is a long time, there could be a huge drawdown on unfilled liquidations
[2016-05-12 19:36:50] j8 : with 100x leverage
[2016-05-12 19:39:10] BitMEX_Greg : I need to check but I think when we looked historically, we found that DPE is less likely to occur over a longer period of time.
[2016-05-12 19:39:49] j8 : likely less frequently, but higher tail risk
[2016-05-12 19:54:33] sleger : they dont care about that, the target has always been to have as less frequent dpe as possible, one day that will kick them back
[2016-05-12 19:55:23] sleger : you know, the worst even possible is always ahead not behind, so looking at historical data for this kind of thing shows a strong lack of financial knowledge @BitMEX_Greg
[2016-05-12 19:56:36] sleger : I agree it should be daily not weekly
[2016-05-12 19:58:08] j8 : i think there's bigger issues if i'm reading it right.. positions just marked to spot + funding basis, so liquidations will always be behind the market
[2016-05-12 19:58:31] BitMEX_Greg : sleger: Thanks for the insight, we are constantly updating and improving our systems and products and can readjust where necessary.
[2016-05-12 19:59:07] sleger : just seems unnecessary to shoot yourself in the foot first before a race
[2016-05-12 20:56:57] micmix : so XBTUSD is not going to use impact mid price marking?
[2016-05-12 21:03:44] BitMEX_Sam : Let me double-check with Wally on that when he's back online
[2016-05-12 21:15:54] sleger : micmix: no it's not
[2016-05-12 21:16:07] sleger : it will be like ltc or eth is now
[2016-05-12 21:16:46] micmix : yeah, I see it on testnet
[2016-05-12 21:17:54] BitMEX_Sam : Right - you can see the method in the instruments table. My question to him is whether or not that will fall back on ImpactMidPrice if the price gets out of band
[2016-05-12 21:29:57] j8 : i thought marking it to spot was supposed to be the mechanism that stops it from going out of band
[2016-05-12 21:30:51] BitMEX_Sam : Yeah you're right. I'm exhausted today, completely tired out - I'll let Wally handle any questions when he's up.
[2016-05-12 21:31:15] micmix : it's so sudden. I would expect at least couple weeks notice
[2016-05-12 21:32:05] j8 : i would have liked more notice also.
[2016-05-12 21:32:49] micmix : I was lucky I was in chat last night and saw that 48h will not re-list. Otherwise my MM would still try to quote it
[2016-05-12 21:33:15] BitMEX_Sam : I apologize for that, we didn't give as much advance notice as we should have on the changes
[2016-05-12 21:36:10] micmix : yeah, please try to send an email with the exact date for major changes 1-2 weeks in advance
[2016-05-12 21:39:56] micmix : well, we'll see how it works out. total daily volume for 24h+48h+7d was 2-2.5k coins. if we get 3k+ volume for the swap I'll consider it a win
[2016-05-12 21:40:06] BitMEX_Sam : :+1: You're absolutely right - we will be sure to be more conservative with the speed of these kinds of changes in the future.
[2016-05-12 21:40:25] BitMEX_Sam : Yeah, that's our hope. Consolidating the contracts should help concentrate liquidity.
[2016-05-12 21:45:43] micmix : I feel like we will have less opportunities to make money with swap than with 24h/7d quantos but we'll see
[2016-05-12 21:48:19] j8 : the old style was great for a lot of different strategies.. now it will be one market, up or down, place your bets
[2016-05-12 21:49:02] j8 : i guess that's the market you guys are targeting, it's definitely not everyone though
[2016-05-12 21:59:20] micmix : j8: my thoughts exactly. I really hope they will keep long-dated quantos
[2016-05-12 22:00:31] j8 : me too. i started market making on them a bit. i'm a noob mm :)
[2016-05-12 22:03:17] REKT : Liquidated short on `XBT24H`: Buy 2000 @ 452.38
[2016-05-12 22:03:31] tscha : the easier the system, the harder it is to outplay others
[2016-05-12 22:04:36] REKT : Liquidated long on `ETHXBT`: Sell 41 @ 0.02224
[2016-05-12 22:05:00] BitMEX_Sam : "easier" is certainly something that's not often used to describe BitMEX. Changing that is one of our main priorities
[2016-05-12 22:05:06] REKT : Liquidated long on `ETHXBT`: Sell 5 @ 0.02221
[2016-05-12 22:05:36] REKT : Liquidated long on `ETHXBT`: Sell 1500 @ 0.02217
[2016-05-12 22:05:51] REKT : Liquidated long on `ETHXBT`: Sell 120 @ 0.02216
[2016-05-12 22:05:52] tscha : BitMEX_Sam: from your pov, the changes make sense, I think it's the right decision for you to do
[2016-05-12 22:06:03] tscha : but I also understand that many traders will miss the old system
[2016-05-12 22:06:25] tscha : if volume picks up then everyone is happy :)
[2016-05-12 22:06:28] BitMEX_Sam : Right - we certainly intend to keep the quarterlies around for now. If they're being traded, they'll be relisted
[2016-05-12 22:06:41] rapidtrades : BitMEX_Sam: re the DPE, don't forget that u had a 60% clawback back in August when the market never came back on the monthly contracts
[2016-05-12 22:06:50] j8 : yeah, i want the contracts to be more difficult to understand, so i can understand them better than other people
[2016-05-12 22:07:04] rapidtrades : so while u get less DPE with weekly, when u do get it there's potential for it to be larger
[2016-05-12 22:07:31] BitMEX_Sam : Notice the very tiny adjustment base on that one, though
[2016-05-12 22:07:35] tscha : wasn't the august dpe largely because of the finex flashcrash?
[2016-05-12 22:07:46] REKT : Liquidated short on `XBT24H`: Buy 300 @ 452.67
[2016-05-12 22:08:42] rapidtrades : plus bitcoin has been more or less range-bound for the past 2 years.. so any DPE measures in the environment should be taken with a grain of salt
[2016-05-12 22:08:46] BitMEX_Sam : Right - and the basis swung pretty wildly as Q15 was still a month out. That caused DPEs immediately after and the next week out
[2016-05-12 22:09:02] REKT : Liquidated short on `XBT24H`: Buy 6 @ 453.02
[2016-05-12 22:09:09] BitMEX_Sam : Large basis swings are something this contract structure also avoids
[2016-05-12 22:10:06] REKT : Liquidated long on `ETHXBT`: Sell 5 @ 0.02207
[2016-05-12 22:10:21] REKT : Liquidated long on `ETHXBT`: Sell 150 @ 0.02205
[2016-05-12 22:10:21] REKT : Liquidated long on `ETHXBT`: Sell 5 @ 0.02205
[2016-05-12 22:10:39] amirmass : ETH MAD DUMPING
[2016-05-12 22:11:36] tscha : last sale on 24H was 3 hours ago
[2016-05-12 22:13:01] tscha : well i'm off, cya
[2016-05-12 22:14:13] rapidtrades : i like the way bitmex moves the orders to make it more likely to get filled, as opposed to okc that just lets then sit there
[2016-05-12 22:15:05] rapidtrades : still as I've said before this system is highly unstable longterm and we're just one strong one sided move from abolishing it completely
[2016-05-12 22:15:41] rapidtrades : okc is a lot more fragile here, prolly be the first domino to fall
[2016-05-13 00:39:36] REKT : Liquidated long on `FCT7D`: Sell 100 @ 0.00240
[2016-05-13 01:45:06] zanza : Bitcoin will hit 550$ By Monday
[2016-05-13 01:45:14] zanza : according to this email I just received
[2016-05-13 01:55:03] kingscrown : zanza - https://twitter.com/kingscrownBTC/status/730936569583030276
[2016-05-13 02:28:52] zanza : thats it!
[2016-05-13 02:29:59] rapidtrades : sounds like garbage
[2016-05-13 02:31:21] aethlios : Hello, my opinion is to have the swap btcusd for high leveraged daytraders, and also have 3month, 6month, 9month, 12month quantos in order to have a 12 month yield curve and traders make more sophisticated bets-strategies in the longer term.
[2016-05-13 02:36:36] rapidtrades : you already presented that opinion here yday
[2016-05-13 02:39:12] BitMEX_Arthur : aethlios: If XBTM16 and U16 start trading >500 Bitcoin per day consistently it makes the case for keeping them around stronger
[2016-05-13 02:39:22] BitMEX_Arthur : So if you want them to stay provide more liquidity to the market and trade them more
[2016-05-13 02:39:32] BitMEX_Arthur : around longer
[2016-05-13 02:43:06] REKT : Liquidated short on `ETHXBT`: Buy 378 @ 0.02254
[2016-05-13 02:43:06] REKT : Liquidated short on `ETHXBT`: Buy 265 @ 0.02256
[2016-05-13 02:43:41] rapidtrades : well there u have it folks, they're offcially on the way out
[2016-05-13 02:46:37] micmix : well you guys listed LTC and it has 3 coins per day volume. I'm not sure why you want to remove long-dated quantos, doesn't really cost you anything to keep them. if you are afraid that they will distract traders from XBTUSD, you can hide them in basic interface
[2016-05-13 02:51:39] rapidtrades : ^^^ guy has a point but by setting unrealistic standard they've already made up their mind. Time to give up this fight and vote with your money imo.
[2016-05-13 02:51:40] micmix : AFAIK people like sleger had 10k-30k positions on quarterly. Of course quarterlies don't trade that much everyday, it's a long-term play.
[2016-05-13 02:51:52] aethlios : having 4 long term contracts 3,6,9,12 months allows many strategies. A trader can go long 12month and short twice quantity the 3 month, based on perspectives.
[2016-05-13 02:52:29] aethlios : Better stop factom china A50 and create a complete btc market.
[2016-05-13 02:52:53] rapidtrades : like I've said before, the only thing bitmex will be useful for me in the future is extra leverage if i want to trade at bitfinex prices
[2016-05-13 02:53:14] rapidtrades : that may not be true for everyone of course, we'll see
[2016-05-13 02:54:50] aethlios : Also many strategies can work between a long term quanto and the swap. you can use the swap as a hedge (never expires) to go long or short in the long run and trade the premium or discount.
[2016-05-13 02:56:09] BitMEX_Arthur : Our mm will all be focusing on XBTUSD as that is where all the volume will be, what happens when these quanto futures have $15 dollar wide markets
[2016-05-13 02:57:51] BitMEX_Arthur : We also have finite UI development resources, if XBTUSD is doing crazy volume, devoting resources to successfully hiding the quantos is a hard sell
[2016-05-13 02:58:03] micmix : are you saying that the main mm will pull out tomorrow? that's a problem of course
[2016-05-13 02:58:24] BitMEX_Arthur : No I'm saying if XBTUSD goes well, they will switch to putting more capital there
[2016-05-13 02:58:29] BitMEX_Arthur : over time
[2016-05-13 02:59:09] BitMEX_Arthur : a market of just arb guys and passive mm is not a healthy market
[2016-05-13 02:59:34] BitMEX_Arthur : non of you guys seem willing to step up and provide liquidity, but if you are prove it and we will keep them around
[2016-05-13 03:00:22] micmix : I agree it's a small market but it might be better than no market at all. I guess we'll see what happens when XBTUSD is listed
[2016-05-13 03:00:51] BitMEX_Arthur : well it's up to you guys to keep it around, we tried making a platform for just sophisticated traders and it was a ghost town
[2016-05-13 03:01:25] BitMEX_Arthur : at the end of the day, you need active retail flow in order to make it worth your while to trade, if XBTUSD brings that to the market it is a win-win for everyone
[2016-05-13 03:01:54] BitMEX_Arthur : once the knowledge base and liquidity in the Bitcoin derivs space increases across the board, we can start bringing back more fun products
[2016-05-13 03:02:13] ayy_lmao : you guys will get alot of volume on DAO this weekend
[2016-05-13 03:02:19] ayy_lmao : dis gon be gud
[2016-05-13 03:03:07] BitMEX_Arthur : And yes we have some products on here, that trade way less than quanto's but sometimes we put stuff up just to have it, having two types of Bitcoin products confuses 99% of people
[2016-05-13 03:03:23] BitMEX_Arthur : We have tried our best to educate, but people want to trade rather than read about the finer points of derivatives trading
[2016-05-13 03:05:03] aethlios : I think a big problem with btc now is trading spot is VERY expensive, 0.4%-0.5% per round and with 1% daily movement (very low volatility) noone is trading nowdays. And if spot doesn't move, futures don't move.
[2016-05-13 03:05:49] micmix : I understand, maybe one day when bitcoiners grow up lol @BitMEX_Arthur
[2016-05-13 03:06:36] BitMEX_Arthur : aethlios: That's why we offer 100x
[2016-05-13 03:06:40] BitMEX_Arthur : and you can get paid to trade