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<< >> English 中文 Русский 한국어 日本語 Español Français [2016-05-28 01:59:21] REKT : Liquidated long on `ETHXBT`: Sell 5 @ 0.02222 [2016-05-28 01:59:36] REKT : Liquidated short on `XBTUSD`: Buy 122544 @ 480.33 **REKTosaurus** :slot_machine: :moneybag: :fire: [2016-05-28 02:00:26] micmix : 263k unfilled [2016-05-28 02:01:06] REKT : Liquidated short on `XBTUSD`: Buy 31320 @ 481.71 **MEGA-REKT** :boom: [2016-05-28 02:02:16] sleger : we were just saying how poor of a choice the marking system is [2016-05-28 02:02:51] lockhedge : bitfinex $8 above bitstamp [2016-05-28 02:03:25] micmix : impact mid price would work much better IMHO [2016-05-28 02:04:32] j8 : the bigger issue is that the thing's not really supposed to be freely floating in the first place [2016-05-28 02:04:47] lockhedge : well now the liquidation order would have to largest impact on the impact mid price [2016-05-28 02:08:26] sleger : and the liq algo is stupid, it just doesnt want to use the insurance fund which is there for that in the first place [2016-05-28 02:09:16] REKT : Liquidated short on `XBTUSD`: Buy 80 @ 483.25 [2016-05-28 02:09:21] REKT : Liquidated short on `XBTUSD`: Buy 11498 @ 484.25 [2016-05-28 02:09:47] micmix : there is not enough liquidity on the ask side to close it unless ppl want to close their longs into it. I'm pretty sure main MM is short [2016-05-28 02:10:15] j8 : it needs to get pushed up high enough that someone will take it. [2016-05-28 02:10:16] sleger : if they had chased 1$ higher or 2 some people would have filled it, I might have [2016-05-28 02:11:10] micmix : yep, that would help [2016-05-28 02:12:34] j8 : i mean, they were triggered at 480 and could probably have been filled below 484 [2016-05-28 02:15:46] sleger : 480 "fair" price or real market ? [2016-05-28 02:18:02] micmix : REKT bot shows the price of the liq order on the books, I'm not sure if they place the order at mark [2016-05-28 02:18:31] j8 : first placed around 480 when spot say 478, i think asks were around 482. with current marking and more aggressive algo i bet it would have filled below 486, with mark to market it would have triggered earlier and probably filled below 484 [2016-05-28 02:22:04] micmix : that's some crazy preminum [2016-05-28 02:23:07] REKT : Liquidated short on `XBTUSD`: Buy 16 @ 486.37 [2016-05-28 02:26:52] sleger : M16 still cheap though @micmix [2016-05-28 02:29:51] micmix : sleger: I got in last weekm bought some of that 100k liquidation [2016-05-28 02:30:14] sleger : i wasnt around but that was a good deal indeed [2016-05-28 02:31:40] j8 : it's a shame those are the only times you can get a big quantity [2016-05-28 02:32:06] sleger : i think people should use more the chat for those [2016-05-28 02:33:07] sleger : if I wanted to trade large size of long term quantos I would usually be happy to wait few hours - a day to arrange it over chat with someone [2016-05-28 02:33:41] micmix : I'm not sure why the premium is so low, usually it goes up quickly during pumps [2016-05-28 02:33:53] j8 : thats true, they're all long term trades anyway [2016-05-28 02:35:37] j8 : micmix: i think if the daily and weekly still existed they would have been bid up, and the rest of the curve would start to follow. without that arb it's less appealing to build a big long when you can't easily hedge gamma [2016-05-28 02:36:31] sleger : i think long term take longer to build premium, its always been like that it seems [2016-05-28 02:57:03] j8 : they are still lower in p.a. terms than on the run up to 470 a month ago, even though we have this pressure from china, which is why i think something else is different [2016-05-28 03:03:30] j8 : a gem from the newsletter april 25: "Recently the basis on the longer dated June and September futures listed on BitMEX has jumped from around 50% p.a. levels to over 90% p.a. currently. Historically these are still low, and thus if we see a breakout above 3,000 CNY, expect these to rise higher." [2016-05-28 03:07:26] REKT : Liquidated short on `XBTUSD`: Buy 770 @ 487.68 [2016-05-28 03:08:01] REKT : Liquidated short on `XBTUSD`: Buy 1750 @ 488.25 [2016-05-28 03:09:31] REKT : Liquidated short on `XBTM16`: Buy 710 @ 510.31 [2016-05-28 03:09:51] REKT : Liquidated short on `XBTUSD`: Buy 10598 @ 491.89 [2016-05-28 03:09:51] REKT : Liquidated short on `XBTUSD`: Buy 1 @ 491.50 :punch: :whale: [2016-05-28 03:09:51] REKT : Sell your house, sell your wife, sell your kids, BUY BITCOIN! [2016-05-28 03:10:01] REKT : Liquidated short on `XBTUSD`: Buy 1410 @ 492.57 [2016-05-28 03:11:46] micmix : well I already sold my house, not sure who wants to buy my wife though :smile: [2016-05-28 03:12:36] REKT : Liquidated long on `ETHXBT`: Sell 102 @ 0.02166 [2016-05-28 03:15:02] REKT : Liquidated short on `XBTU16`: Buy 1125 @ 571.42 [2016-05-28 03:17:32] REKT : Liquidated short on `XBTUSD`: Buy 5 @ 495.39 [2016-05-28 03:19:25] sleger : hmm starting to turn short overall now [2016-05-28 03:19:44] sleger : 0kc usd topped 500 already [2016-05-28 03:28:36] REKT : Liquidated long on `ETHXBT`: Sell 110 @ 0.02117 [2016-05-28 03:29:09] micmix : I wonder how all those ppl with eth stuck in The DAO feel [2016-05-28 03:31:13] sleger : as they deserve [2016-05-28 03:33:26] sleger : all the people short xbt swap should go on 100x margin right now get rekt and take the position again at better price [2016-05-28 03:35:14] micmix : I'll give it a try [2016-05-28 03:35:45] sleger : you have to get a 2.5$ move against you first [2016-05-28 03:35:58] sleger : but with 7$ premium its worth it [2016-05-28 03:37:13] micmix : and I can actually remove some margin [2016-05-28 03:38:47] micmix : liq price 492.97 [2016-05-28 03:42:16] REKT : Liquidated short on `XBTUSD`: Buy 1000 @ 492.97 [2016-05-28 03:49:05] micmix : done [2016-05-28 03:49:25] micmix : need to add that logic to my bot [2016-05-28 03:59:07] REKT : Liquidated short on `LTCXBT`: Buy 9 @ 0.00961 [2016-05-28 04:19:14] mwalshe99 : this premium is silly [2016-05-28 04:19:33] lockhedge : `1100 500.74 2016-05-28 06:16:42` `-1100 501.81 2016-05-28 06:16:20` my mm bot's first trades above $500 :) [2016-05-28 04:20:55] chromaticcr1 : you know whats even more silly? [2016-05-28 04:21:03] chromaticcr1 : china's premium [2016-05-28 04:21:53] aethlios : when bfx goes above 500, margin calls will make price spike to 540. [2016-05-28 04:23:02] REKT : Liquidated short on `XBTM16`: Buy 801 @ 521.50 [2016-05-28 04:25:41] REKT : Liquidated short on `XBTUSD`: Buy 25000 @ 498.89 **MEGA-REKT** :boom: [2016-05-28 04:25:45] chromaticcr1 : then in that case we can finally have equilibroum with china [2016-05-28 04:25:45] chromaticcr1 : lol [2016-05-28 04:26:52] REKT : Liquidated long on `LSKXBT`: Sell 10001 @ 0.000668 [2016-05-28 04:42:54] aethlios : bitfinex order book thin, 1200 btc to 480, no bids are building, market afraid of dumbs. [2016-05-28 04:45:18] null : will the people are are long LTC swaps earn .33% - .05% tomorrow? [2016-05-28 04:45:34] null : because LTC lending is more expensive then usd? [2016-05-28 04:47:14] ZEN : I live in the US. How do I get around the deposit? [2016-05-28 04:48:20] BitMEX_Wally : I am sorry, we cannot accept US Citizens [2016-05-28 04:50:30] ZEN : BitMEX_Wally: ok thanks. [2016-05-28 04:50:39] chromaticcr1 : i guess bitmex respects user privacy. so perhaps you can have a vpn [2016-05-28 04:50:52] chromaticcr1 : coz... this is he internet ;) [2016-05-28 04:51:14] BitMEX_Jinming : null: long will get paid 0.0078%, you need to look at LTC and XBT rate (not USD rate) [2016-05-28 04:53:15] BTCVIX : ZEN: http://www.simplexfx.com accepts US citizens [2016-05-28 04:53:41] lockhedge : BitMEX_Wally: did you already discuss the mark method internally? [2016-05-28 04:59:02] BTCDJS : OMG [2016-05-28 05:16:33] lockhedge : who was buying at >$10 premium? [2016-05-28 05:18:13] rapidtrades : yes!!!!!!!!!!!!!!!!!!!!!!!!!! pappa is rich baby! [2016-05-28 05:21:07] rapidtrades : time for finex to climb on top no? [2016-05-28 05:21:52] BTCDJS : nah I think finex should come in from behind [2016-05-28 05:22:27] chromaticcr1 : lockhedge: https://www.kaiko.com/bitmex ?? [2016-05-28 05:28:57] lockhedge : chromaticcr1: the problem about marking the liquidation price to the index: the insurance fund has to pay for nearly every liquidation and `if premium > maintenance margin: free money` [2016-05-28 05:36:14] rapidtrades : holy shit, china's at 530 [2016-05-28 05:36:23] rapidtrades : come ameros! [2016-05-28 05:38:30] rapidtrades : holy shit, my sept short is tearing my asshole [2016-05-28 05:38:42] rapidtrades : good thing i didn't go big on quantos [2016-05-28 05:39:43] rapidtrades : i just realized i said holy shit twice in 2 mins lol [2016-05-28 05:39:51] REKT : Liquidated long on `ETHXBT`: Sell 515 @ 0.02153 [2016-05-28 05:39:53] rapidtrades : sry for repeating myself [2016-05-28 05:39:57] j8 : it's one of those days [2016-05-28 05:40:09] chromaticcr1 : arb that shit [2016-05-28 05:40:14] rapidtrades : its a holy shit day indeed [2016-05-28 05:40:14] elmorte : 3 times! [2016-05-28 05:40:45] j8 : holy shit i need to refill my okc account.. again [2016-05-28 05:40:50] rapidtrades : so all ameros on a weekend? [2016-05-28 05:41:02] rapidtrades : what are they doing ffs [2016-05-28 05:41:23] rapidtrades : anyone can phone a friend in the states [2016-05-28 05:41:25] elmorte : Is it a good time to sell the XBT that's on Huobi? [2016-05-28 05:41:30] rapidtrades : ''a friend'' [2016-05-28 05:41:55] rapidtrades : elmorte: idk its at 20-25 premium to USD, do u think its a good time [2016-05-28 05:42:09] chromaticcr1 : https://www.tradingview.com/x/a2AmGvNg/ [2016-05-28 05:42:20] chromaticcr1 : I doubt how long could this premium lasts [2016-05-28 05:42:28] elmorte : rapidtrades: it's just so complicamated [2016-05-28 05:42:52] elmorte : what if it goes up another $30? *scream* [2016-05-28 05:43:33] j8 : it can go higher and last longer than you'd expect. but they'll come together eventually [2016-05-28 05:43:59] elmorte : Done. Fuck I love 0% fees [2016-05-28 05:45:08] elmorte : Beers on me [2016-05-28 05:45:21] elmorte : Wine for sleger [2016-05-28 05:46:23] rapidtrades : either china goes down or we go up [2016-05-28 05:47:11] rapidtrades : maybe ameros will have to sober up on tuesday first [2016-05-28 05:47:15] rapidtrades : lazy f*Cks [2016-05-28 05:47:47] elmorte : Hmpf....20 yuan difference between Hu obi & OKc [2016-05-28 05:48:21] rapidtrades : that's ony 3$ [2016-05-28 05:48:56] elmorte : Yeah, but that's my 3 dollars damnit... [2016-05-28 05:49:24] rapidtrades : chinese exchanges usually trade very close that just shows how volatile we are atm [2016-05-28 05:49:45] elmorte : I know, I'm surprised [2016-05-28 05:50:03] rapidtrades : i had an alarm for 482....on btc-e lol [2016-05-28 05:50:18] rapidtrades : finally got up 30 mins ago after china hit 530 [2016-05-28 05:50:41] rapidtrades : have to hook up tradingview or smth [2016-05-28 05:50:57] elmorte : BTC lol...not even 490s yet I bet [2016-05-28 05:51:11] rapidtrades : its not yet at 490 no [2016-05-28 05:51:13] elmorte : cryptowatch was pretty cool [2016-05-28 05:51:23] elmorte : free trial as well 14 days [2016-05-28 05:51:54] rapidtrades : how much is that tradingview sms thing [2016-05-28 05:56:53] elmorte : Damnit...Malaysian market is on $505 already [2016-05-28 05:57:10] elmorte : And IT is notoriously laggy... [2016-05-28 05:57:16] REKT : Liquidated short on `XBTUSD`: Buy 20040 @ 501.04 **MEGA-REKT** :boom: [2016-05-28 05:57:16] REKT : Liquidated short on `XBTUSD`: Buy 10550 @ 500.52 [2016-05-28 05:57:43] Tulsene : I thought bulls was in panic [2016-05-28 05:57:52] Tulsene : but not, seems there is some bear outside [2016-05-28 05:57:57] elmorte : buying panic [2016-05-28 05:58:58] Tulsene : y, seems BTC don't les the time to people who miss the train [2016-05-28 06:01:21] Tulsene : damned the bot for bitcoin liquidation on okcoin was down this night, where I can find thoses datas? [2016-05-28 06:01:31] null : how is BTCUSD swap profit/loss calculated? [2016-05-28 06:06:44] lockhedge : null: unrealised pnl is marked to the index which currently is about 1% below the market price [2016-05-28 06:07:04] null : I mean how do you calculate how much money are you going to make if price goes to X [2016-05-28 06:08:54] lockhedge : you can use the pnl calculator (small symbol at the top of the order menu) [2016-05-28 06:09:14] BTCDJS : null: with the calculator on the left bellow the massive bitmex logo [2016-05-28 06:10:04] null : I was replicating calculator in excel [2016-05-28 06:10:07] null : just found the bug [2016-05-28 06:10:16] null : so now Im all good [2016-05-28 06:10:21] null : basically returns are non-linear [2016-05-28 06:10:22] j8 : null: have you seen this https://www.bitmex.com/app/futuresContractFormulas [2016-05-28 06:10:25] null : its better to be short then long [2016-05-28 06:10:41] REKT : Liquidated short on `XBTUSD`: Buy 338 @ 503.10 [2016-05-28 06:10:47] REKT : Liquidated short on `XBTUSD`: Buy 15100 @ 503.57 [2016-05-28 06:10:47] REKT : Liquidated short on `XBTUSD`: Buy 600 @ 503.49 [2016-05-28 06:11:03] j8 : oh they haven't added XBTUSD to that actually. [2016-05-28 06:11:38] null : hey j8, please confirm: are BTCUSD swaps non-linear in returns? [2016-05-28 06:11:51] lockhedge : null: yes, it's less risk to short because it's inverse [2016-05-28 06:11:56] REKT : Liquidated short on `XBTUSD`: Buy 23811 @ 503.91 **MEGA-REKT** :boom: [2016-05-28 06:12:17] REKT : Liquidated short on `XBTUSD`: Buy 1000 @ 504.07 [2016-05-28 06:12:17] REKT : Sell your house, sell your wife, sell your kids, BUY BITCOIN! [2016-05-28 06:12:37] null : shit Im short avg. 470 :( [2016-05-28 06:12:55] null : good thing its partial hedge against btc I own, and not naked short [2016-05-28 06:15:43] rapidtrades : index bit sticky? how fast does itupdate [2016-05-28 06:16:43] Applez : support, I just sent off an email, can you check it please [2016-05-28 06:17:06] REKT : Liquidated long on `ETHXBT`: Sell 115 @ 0.02092 [2016-05-28 06:17:06] REKT : Liquidated long on `ETHXBT`: Sell 150 @ 0.02092 [2016-05-28 06:18:37] BTCDJS : Applez: sure thing. We check all emails on mondays. we will get back to you soon as we can. enloynthe rest of your weekend [2016-05-28 06:19:01] BTCDJS : *enjoy [2016-05-28 06:20:07] rapidtrades : this is pandemonium [2016-05-28 06:20:07] Rune : Houbi 544 omg [2016-05-28 06:20:20] Rune : looking for that 550 [2016-05-28 06:20:38] chromaticcr1 : btcchina's leverage platform is on 3621 [2016-05-28 06:21:25] Applez : i'd like to get an immediate look in to it, I was long 150 contracts at 506 XBTUSD but was liquidated by a margin call. The market never moved against me the entire time that I was in the trade. [2016-05-28 06:22:30] rapidtrades : he's not support [2016-05-28 06:22:50] rapidtrades : reply to some of the guys with flair bitmex [2016-05-28 06:23:24] Applez : thanks rapid [2016-05-28 06:23:35] rapidtrades : they're usually slower on weekends tho so he's not far off :) [2016-05-28 06:24:41] rapidtrades : you were prolly margin called because the mark price is trading below spot here [2016-05-28 06:25:03] rapidtrades : margin calls are calculated on that price [2016-05-28 06:25:54] supermine : HI [2016-05-28 06:26:09] supermine : Anybody knows how to get rid of these popup boxes after I cancel a order [2016-05-28 06:27:32] BTCDJS : supermine: email support [2016-05-28 06:28:20] lockhedge : supermine: https://www.bitmex.com/app/preferences Site Notifications - Order Canceled [2016-05-28 06:30:28] rapidtrades : cmon finex....lead [2016-05-28 06:30:33] rapidtrades : u whore [2016-05-28 06:32:05] supermine : ty hedge [2016-05-28 06:32:32] supermine : what a great platform! [2016-05-28 06:33:07] BTCDJS : indeed [2016-05-28 06:33:15] rapidtrades : where's you ETHER now 1bitches? [2016-05-28 06:33:47] rapidtrades : sucking immigrants for money in a back alley [2016-05-28 06:33:55] rapidtrades : that's where it is [2016-05-28 06:35:12] BitMEX_Wally : Applez: I replied to your email. Basically positions liquidiations are triggered based on the underlying index price [2016-05-28 06:36:27] SatoshiFX : morning, wow back to $500, nice one [2016-05-28 06:37:18] elmorte : CNY may have peaked :/ [2016-05-28 06:38:59] rapidtrades : from premium to discount in 2 mins lol [2016-05-28 06:40:09] elmorte : boom [2016-05-28 06:40:34] BitMEX_Arthur : Any thoughts on daily rebalancing for `XBTUSD`? [2016-05-28 06:41:24] rapidtrades : not sure...it may be fairer but wont have as much opportunity for arbers [2016-05-28 06:48:29] darkrenxi : BitMEX_Arthur: hi can you help me [2016-05-28 06:48:56] null : I like the weekly [2016-05-28 06:51:21] REKT : Liquidated short on `XBTUSD`: Buy 500 @ 509.46 [2016-05-28 06:51:47] lockhedge : BitMEX_Arthur: would prefer daily, but more important would be to change the mark price (for liquidations) as it used to be for XBT24H [2016-05-28 06:54:53] BitMEX_Arthur : lockhedge: And that would entice you to short XBTUSD? [2016-05-28 06:56:51] darkrenxi : is ther any suppor here [2016-05-28 06:58:21] Blargwaffle : No, not even time for breakfast. [2016-05-28 06:58:41] lockhedge : BitMEX_Arthur: unfortunately my mm is short since the beginning of the pump. it would reduce a lot of systemic risk if liquidations happen early enough to get filled. [2016-05-28 07:00:51] REKT : Liquidated short on `XBTUSD`: Buy 2000 @ 509.97 [2016-05-28 07:04:31] j8 : it used to be that the insurance fund was used when liquidations can't be filled. now it's being used when liquidations can't be filled at the spot price + 0.5%. nothing to do with volatility or lack of liquidity [2016-05-28 07:05:56] REKT : Liquidated long on `XBTUSD`: Sell 3000 @ 505.79 [2016-05-28 07:07:55] darkrenxi : hello is there any one to help me [2016-05-28 07:08:06] BitMEX_Arthur : darkrenxi: What is your questions [2016-05-28 07:12:22] darkrenxi : @BitMEX_Arthur i just deposit here but i dont understand how to trade here.what is contract by the wway [2016-05-28 07:13:15] rapidtrades : darkrenxi: use this https://testnet.bitmex.com/ [2016-05-28 07:16:25] BitMEX_Arthur : darkrenxi: What currency would you like to trade? [2016-05-28 07:17:58] darkrenxi : BitMEX_Arthur: i just want to trade btc to usd. dont know how to see the trades going on here [2016-05-28 07:18:10] BitMEX_Arthur : https://www.bitmex.com/app/trade/XBTUSD [2016-05-28 07:18:23] BitMEX_Arthur : That is our 100x leveraged Bitcoin/USD product [2016-05-28 07:18:32] BitMEX_Arthur : To go Long, Buy; to go Short, Sell [2016-05-28 07:18:47] BitMEX_Arthur : each one is worth $1 [2016-05-28 07:18:58] BitMEX_Arthur : each contract i should say [2016-05-28 07:19:33] darkrenxi : okay got it but i have -740 contract what do you mean by that [2016-05-28 07:19:58] BitMEX_Arthur : You have $740 worth of Bitcoin, [2016-05-28 07:20:16] rapidtrades : minus [2016-05-28 07:20:35] BitMEX_Arthur : so short $740 worth of Bitcoin [2016-05-28 07:20:44] BitMEX_Arthur : or Long USD, short BTC [2016-05-28 07:21:10] darkrenxi : @BitMEX_Arthur then it has 107.32% ROE what was that [2016-05-28 07:21:52] BitMEX_Arthur : That is your unrealised Profit / the amount of margin you have agains the position [2016-05-28 07:22:30] BitMEX_Arthur : so if you used 1 BTC to go long 100 BTC worth of contracts, and the price went up and you had a profit of 1 BTC, your ROE would be 100% [2016-05-28 07:23:32] darkrenxi : BitMEX_Arthur: but how will reflect in my account i cannot see [2016-05-28 07:24:34] BitMEX_Arthur : darkrenxi: You have to close your position to realise your profit [2016-05-28 07:24:53] darkrenxi : BitMEX_Arthur: then how to close that [2016-05-28 07:24:56] Rune : start of a down trend? [2016-05-28 07:26:01] REKT : Liquidated long on `XBTUSD`: Sell 49 @ 502.65 [2016-05-28 07:26:01] REKT : Liquidated long on `XBTUSD`: Sell 53 @ 502.64 [2016-05-28 07:26:01] REKT : Have a bowl of chop-chop suey! [2016-05-28 07:26:16] REKT : Liquidated long on `XBTUSD`: Sell 11523 @ 501.56 [2016-05-28 07:26:51] BitMEX_Arthur : darkrenxi: If you sold 740 contracts,then you buy 740 contracts [2016-05-28 07:26:56] REKT : Liquidated long on `XBTUSD`: Sell 9108 @ 500.68 [2016-05-28 07:26:56] REKT : Liquidated long on `XBTUSD`: Sell 220 @ 500.50 [2016-05-28 07:28:07] darkrenxi : i have 111. @BitMEX_Arthur how to sold that in the sell market [2016-05-28 07:28:24] BitMEX_Arthur : You are long +111? [2016-05-28 07:30:01] REKT : Liquidated long on `XBTUSD`: Sell 13000 @ 498.72 [2016-05-28 07:30:12] Rune : man that was a massacre [2016-05-28 07:30:41] darkrenxi : BitMEX_Arthur: which one the buy market or sell market [2016-05-28 07:30:57] Tulsene : (it was a bit weird for me the 1st time but it work) darkrenxi : you just sell your 111 like you short or use the option close market/close limit [2016-05-28 07:31:29] Tulsene : how can you be MC with XBT long? hooo, leverage and greed! :D [2016-05-28 07:32:56] darkrenxi : Tulsene: i dont get it man how do i close that it says 222.78% roe [2016-05-28 07:34:59] darkrenxi : BitMEX_Arthur: oh man my balance is draining when i click that sell market [2016-05-28 07:35:16] Rune : lol back up already? [2016-05-28 07:35:17] BitMEX_Arthur : Do you want to go short or long? [2016-05-28 07:36:37] darkrenxi : @BitMEX_Arthur how to close [2016-05-28 07:37:37] BitMEX_Arthur : darkrenxi: If you want to close at the market price, choose `Close Market`, if you want to set a limit price use `Close Limit` [2016-05-28 07:39:59] darkrenxi : BitMEX_Arthur: I JUST CLOSE THE MARKET BUT I GOT NOTHING [2016-05-28 07:40:51] BitMEX_Arthur : You don't have a position any longer [2016-05-28 07:41:12] BitMEX_Arthur : If would like to go short or long, use a `Market` or `Limit` order [2016-05-28 07:44:48] rapidtrades : darkrenxi: use testnet dummy [2016-05-28 07:55:23] darkrenxi : BitMEX_Arthur: is withdrawal instant [2016-05-28 07:55:40] chromaticcr1 : all wd are processed in 5 hours [2016-05-28 07:56:08] chromaticcr1 : coz they are multisig and signed by 2 of 3 Bitmex 's entity [2016-05-28 07:56:09] BitMEX_Arthur : darkrenxi: We do them every day at 13:00 UTC [2016-05-28 07:57:08] darkrenxi : BitMEX_Arthur: my balance says is .21 but actual withdrawal is .208 only why was that [2016-05-28 08:02:18] BitMEX_Arthur : darkrenxi: Realised profits are withheld until rebalancing [2016-05-28 08:02:35] BitMEX_Arthur : You cannot withdraw realised profit until then [2016-05-28 08:02:51] BitMEX_Arthur : please read https://www.bitmex.com/app/dynamicProfitEqualisation [2016-05-28 08:10:41] darkrenxi : BitMEX_Arthur: if i got -740 contracts then 250% ROE is that i gain profit? [2016-05-28 08:12:13] BitMEX_Arthur : If you have a positive ROE that is an unrealised profit, your realised profit will be different due to commissions and the way in which the contracts are marked [2016-05-28 08:12:19] BitMEX_Arthur : https://www.bitmex.com/app/fairPriceMarking [2016-05-28 08:13:29] darkrenxi : BitMEX_Arthur: so thats not the real profit right [2016-05-28 08:15:21] darkrenxi : BitMEX_Arthur: coz you i got -740 contract 250% ROE then i close the market but i cannot gain profit. [2016-05-28 08:20:41] BTCDJS : thats 250% unrealised [2016-05-28 08:22:10] BTCDJS : and better to set a limit order to close your position [2016-05-28 09:02:07] dorothy490 : BitMEX_Arthur: sorry, that quesstion was rised prbably like 500 times, but one more pls: when 'unrealised profit' will be realized? that page https://www.bitmex.com/app/dynamicProfitEqualisation says each friday , but I do beleive is more frequent [2016-05-28 09:03:31] dorothy490 : or perhaps it will happen in 3 hours on 'funding'? talking about XBT [2016-05-28 09:18:17] merp : the shortening is upon us [2016-05-28 09:18:33] merp : wicken narstty [2016-05-28 09:19:58] BTCDJS : merp: the shortening? [2016-05-28 09:22:10] merp : dun b the guy who buys the top, or do. [2016-05-28 09:22:55] BTCDJS : are you a pirate? [2016-05-28 09:23:03] zanza : Tradeblock is 498 [2016-05-28 09:24:16] j8 : i'm glad to never have to look at xbx again [2016-05-28 09:28:09] arbitrage001 : the sep contract is grossly underprice [2016-05-28 09:28:15] arbitrage001 : same for june [2016-05-28 09:36:46] j8 : yeah sept still has room to go up for sure [2016-05-28 09:37:51] Tulsene : damned, I didn't see referal and this is my 4th friend who create an account here, is it possible if they give you (admins) my referal links to add them? [2016-05-28 09:43:27] j8 : arbitrage001: whats your take on this china premium / cny devaluation business. shorting it? [2016-05-28 09:44:30] krach : why is the mark price so far off from the ticker [2016-05-28 09:44:42] krach : eth mark 0.2229 ticker 0.02177 [2016-05-28 09:44:48] krach : pertty major difference [2016-05-28 09:44:58] arbitrage001 : krach: market distortion happen all the times [2016-05-28 09:45:13] mrp1nk : krach: we trade the future here, while you are looking at the presenet [2016-05-28 09:45:22] mrp1nk : *present [2016-05-28 09:45:25] arbitrage001 : if you think price should be different, then you should exploit it [2016-05-28 09:46:20] j8 : mrp1nk: if you think you're trading eth futures, you missed an important memo [2016-05-28 09:46:31] mrp1nk : "futures" [2016-05-28 09:46:50] j8 : "not futures" [2016-05-28 09:47:01] mrp1nk : ok, i agree. that statement was valid before the swap was introduced [2016-05-28 09:47:14] mrp1nk : i know, i know [2016-05-28 09:47:16] j8 : just buggin ya [2016-05-28 09:47:22] merp : ooo resist [2016-05-28 09:47:34] mrp1nk : btw. *iwantmy7dback* [2016-05-28 09:47:43] arbitrage001 : j8: just saw your china premium comment. I am buying outside china and sellin on china for 5-6% profit [2016-05-28 09:48:12] arbitrage001 : dont think rmb will devalue 5-6% in short time frame [2016-05-28 09:48:16] j8 : so actual spot arbitrage [2016-05-28 09:48:30] arbitrage001 : j8: yes [2016-05-28 09:48:46] j8 : yeah i think it's pretty overblown [2016-05-28 09:49:46] j8 : btc markets are pricing it like it's happening monday [2016-05-28 09:50:51] arbitrage001 : enjoy the opportunity while it last [2016-05-28 09:51:16] chromaticcr1 : so the mm are already pricing in tmr's funding rate huh? [2016-05-28 10:01:48] messiaen8844 : clicking on LSKXBT crashes bitmex for me [2016-05-28 10:01:53] messiaen8844 : only that [2016-05-28 10:47:18] blackwhite : How is xbt spot 503.69 if kaiko shows 498.29 as BPI US? [2016-05-28 10:47:35] blackwhite : Are there different Kaikos for $? [2016-05-28 10:48:37] j8 : blackwhite: https://www.kaiko.com/bitmex [2016-05-28 10:49:14] BTCDJS : blackwhite: index includes 3 exchanges [2016-05-28 10:49:50] blackwhite : I see. Ok exchange has too big weight. [2016-05-28 10:49:59] BTCDJS : yep [2016-05-28 10:50:00] blackwhite : Its rate is ridiculous [2016-05-28 10:52:15] j8 : bitstamp is $9 below bitfinex, okc is $9 above. who's right [2016-05-28 10:53:35] blackwhite : Interested who is the author of idea to create a new index when Kaiko already had a working one [2016-05-28 10:54:17] blackwhite : A new one which is easily moved just by 1 exchange [2016-05-28 10:55:11] REKT : Liquidated long on `XBTUSD`: Sell 17 @ 501.83 [2016-05-28 10:56:08] j8 : they decided what they wanted as an index, and got kaiko to host it. [2016-05-28 10:57:03] j8 : (actually they asked traders what they wanted and pretty much gave it to them) [2016-05-28 10:57:13] blackwhite : oh it costs a sum I imagine ) [2016-05-28 10:59:29] arbitrage001 : hard to have an accurate btc index when china has the largest volume [2016-05-28 10:59:49] arbitrage001 : and have capital control in placce [2016-05-28 11:04:49] j8 : yeah okc usd usually gets part of the china premium.. maybe theres a shortcut to move fiat between .com and .cn if you know the right people [2016-05-28 11:06:31] arbitrage001 : j8: cant bend physical law, unless they are breaking the laww [2016-05-28 11:07:00] arbitrage001 : if they do break break the law, i would imagine they want to reap the benefit themselves [2016-05-28 11:08:22] j8 : right, you don't have to know the right people, you have to be the right people [2016-05-28 11:18:35] blackwhite : I see they have futures too. What are the main differences between bitmex and their futures platform? [2016-05-28 11:20:15] blackwhite : I see already that the index is different, okcom uses cny exchanges too in the index [2016-05-28 11:20:53] j8 : yep, aside from that, they are inverse futures [2016-05-28 11:21:12] blackwhite : Like xbtusd here? [2016-05-28 11:21:38] j8 : bitmex has quanto futures for june and sept, which are a bit different. but yeah `XBTUSD` is inverse, but not a future [2016-05-28 11:22:31] blackwhite : ok bad term from me. [2016-05-28 11:23:16] blackwhite : i still get it for a weekly one. [2016-05-28 11:23:24] arbitrage001 : finex is very slow on processing withdraw [2016-05-28 11:23:24] blackwhite : which reopens itself [2016-05-28 11:24:16] j8 : yeah, the variable daily interest is the biggest difference [2016-05-28 11:25:22] j8 : with futures you lock in a price for a later date and the interest is embedded in that. here you can't lock in a rate [2016-05-28 11:27:14] blackwhite : yeah. really it is not known beforehand. Thanks j8! Good point. [2016-05-28 11:27:50] blackwhite : the rate is not too bad now by the way. [2016-05-28 11:28:05] j8 : going up tomorrow [2016-05-28 11:28:05] blackwhite : during the rally it could be higher [2016-05-28 11:28:14] blackwhite : ah, let me see [2016-05-28 11:28:37] blackwhite : 0.035 [2016-05-28 11:28:49] blackwhite : in half an hour we will see a new one, right? [2016-05-28 11:29:14] j8 : yeah, to get an idea look at https://www.bitmex.com/app/index/.USDBON [2016-05-28 11:30:07] blackwhite : I imagine it will be a sell-off here if the % goes too high (theoretically) [2016-05-28 11:30:37] blackwhite : peple would sell here and buy somewhere else [2016-05-28 11:30:49] j8 : if it's high that means bitfinex longs are hurting too [2016-05-28 11:31:09] blackwhite : but again those people won't know if the high rate is 1 day only or permanent ( [2016-05-28 11:31:16] blackwhite : no strategy. [2016-05-28 11:31:55] j8 : thats true, on bitfinex they can at least take a 30 day loan [2016-05-28 11:35:09] arbitrage001 : j8: you trade for a living? [2016-05-28 11:35:22] j8 : i do, for the past year [2016-05-28 11:35:33] arbitrage001 : same here [2016-05-28 11:35:44] arbitrage001 : i use to trade currency, stock also [2016-05-28 11:35:55] arbitrage001 : but found out btc is a lot easier [2016-05-28 11:36:34] arbitrage001 : and doesn't take as much time [2016-05-28 11:37:48] blackwhite : if okc quarterly is inverse, why it has so premium over spot? couldn't the buyers just buy spot there and hold position? [2016-05-28 11:37:56] j8 : i imagine it is. i plan on getting into stocks etc, more as long term investments. time to diversify [2016-05-28 11:38:51] blackwhite : i think i see the answer. They don't have dollars to buy spot ( [2016-05-28 11:39:20] j8 : blackwhite: the premium is in theory to cover the interest, but usually what happens is people are willing to pay more for higher leverage [2016-05-28 11:39:33] j8 : when there's a strong trend [2016-05-28 11:40:32] arbitrage001 : j8: better focus on something one does best [2016-05-28 11:41:01] j8 : yeah thats true [2016-05-28 11:41:08] arbitrage001 : full time bitcoiner/crypto traders [2016-05-28 11:43:34] j8 : i wanna take the summer off, but it's just getting exciting [2016-05-28 11:47:18] arbitrage001 : can trade anywhere in the world [2016-05-28 11:47:29] arbitrage001 : so long as there is internet [2016-05-28 11:47:45] arbitrage001 : and easy to cash out just about anywhere in the world also [2016-05-28 11:48:43] huangyong : arbitrage001: 你这一波行情又赚翻了吧,哈哈 [2016-05-28 11:49:23] arbitrage001 : huangyong: not as much as i like to be, money stucked in finex [2016-05-28 11:50:17] arbitrage001 : money stucked on lending, and long withdrawal processing time [2016-05-28 12:04:22] REKT : Liquidated short on `ETHXBT`: Buy 14990 @ 0.02332 [2016-05-28 12:04:51] REKT : Liquidated short on `ETHXBT`: Buy 60 @ 0.02353 [2016-05-28 12:04:51] REKT : Liquidated short on `ETHXBT`: Buy 42 @ 0.02358 [2016-05-28 12:06:00] j8 : dang that's some funding rate [2016-05-28 12:07:25] arbitrage001 : lol [2016-05-28 12:07:51] arbitrage001 : problem is i start shorted it at 450 [2016-05-28 12:08:00] arbitrage001 : and then 475 [2016-05-28 12:08:46] GingerDan : link to funding rate? [2016-05-28 12:09:48] arbitrage001 : https://www.bitmex.com/app/index/.USDBON24H [2016-05-28 12:12:37] j8 : 0.25% a day is actually more or less where okc weekly is [2016-05-28 12:13:18] blackwhite : j8: How would you take a summer off? What happens to your positions then? You hold bitcoins? [2016-05-28 12:14:15] MrJ1m : it went up fast no? [2016-05-28 12:14:24] MrJ1m : wasn't it 0.04 a few days ago? [2016-05-28 12:14:30] j8 : i dunno that's what i was trying to figure out @blackwhite [2016-05-28 12:17:02] j8 : when i don't know what to do, i just sell half and forget about it [2016-05-28 12:22:55] GingerDan : Sorry for being dense, but does a high USDBON rate mean that people get less money back from a winning trade when everything gets renormalised? [2016-05-28 12:23:53] j8 : GingerDan: it just means you pay that rate if you're long at 12:00 UTC, and you receive it if you're short [2016-05-28 12:24:38] GingerDan : I see! Thank you [2016-05-28 12:26:16] blackwhite : and you can hope that next day it will be lower. [2016-05-28 12:27:05] blackwhite : is there a way to see an approximation for the next rate somewhere bw? [2016-05-28 12:28:46] j8 : nope, people were asking for it though [2016-05-28 12:28:50] blackwhite : j8: Selling inverse future is kind of solution maybe to net position... But you need to monitor it anyway. [2016-05-28 12:29:47] 1QaZxSw2 : anyone from bitmex here: when it shows ROE on "Your Position" is it relative to mark price or index price or bitmex price? [2016-05-28 12:30:23] blackwhite : have been for some time here, never understood what is the ROE formula [2016-05-28 12:30:59] sleger : 1QaZxSw2: it is using same price than for unrealised pnl [2016-05-28 12:31:33] blackwhite : and what it is for. If I made or lose X, I made or lose X, who cares what margin I had in the past? [2016-05-28 12:31:43] blackwhite : X XBT i mean [2016-05-28 12:34:07] sleger : then ignore it if you dont care [2016-05-28 12:37:30] 1QaZxSw2 : too many prices to understand whats going on [2016-05-28 12:37:51] GingerDan : agreed [2016-05-28 12:38:33] 1QaZxSw2 : i think ETH will actually rise in expectation of DAO [2016-05-28 12:38:44] 1QaZxSw2 : at least for 24 hrs or so [2016-05-28 12:44:02] laisee : whats happening with DAO in next 24 hrs? [2016-05-28 12:46:34] sleger : they're voting to convert all their eth to factom [2016-05-28 12:55:16] REKT : Liquidated short on `XBTUSD`: Buy 80000 @ 504.59 **EPIC REKT** :unamused: :confounded: :astonished: [2016-05-28 13:14:20] jung1 : laisee: possible [2016-05-28 13:14:47] jung1 : sleger: Im not shure about that dao ideal [2016-05-28 13:14:49] jung1 : idea [2016-05-28 13:18:56] sleger : shounds like a great hidea though [2016-05-28 13:28:30] laisee : jung1: its closer to an ideal than a workable idea [2016-05-28 13:29:26] laisee : how about a 50.1% majority votes to pay themselves for 'services rendered' until they have earned all of the DAO assets? [2016-05-28 13:37:09] jung1 : yeah [2016-05-28 13:37:42] jung1 : its not perfect but still great that kind of projects appear [2016-05-28 14:23:08] micmix : BitMEX_Wally: DAO/ETH is live on Kraken, maybe get mark price from there? [2016-05-28 14:25:50] chromaticcr1 : Ξ0.01035 ~ Ξ0.01144 [2016-05-28 14:27:08] j8 : oh man that symbol is terrible [2016-05-28 14:30:16] laisee : jung1: agree, good to see experiments like DAO. [2016-05-28 14:50:48] 1QaZxSw2 : is there a place where i can see open profit on my position [2016-05-28 14:51:00] 1QaZxSw2 : the roe is % i meant real btc value [2016-05-28 14:51:40] jung1 : its real value if you will close your position on current mark price [2016-05-28 14:51:57] BitMEX_Wally : 1QaZxSw2: Look at the `Open Positions` tab [2016-05-28 14:52:18] BitMEX_Wally : The `Unrealised PNL (ROE %)` column [2016-05-28 14:52:31] BitMEX_Wally : It gives the absolute profit in Bitcoin and then the ROE [2016-05-28 14:52:34] 1QaZxSw2 : oh yea, see it, thanks wally [2016-05-28 14:53:54] 1QaZxSw2 : btw i see fair price and settle price, is there a place where i can see mark price, i.e. the price which actually causes liquidation [2016-05-28 14:54:43] jung1 : Liq. Price on Open Positions tam [2016-05-28 14:55:19] 1QaZxSw2 : no, thats the price where if mark price hits i luquidated. but where is the current mark price [2016-05-28 14:55:56] 1QaZxSw2 : the one right next to it? [2016-05-28 14:55:58] BitMEX_Wally : On the positions tab there are 2 columns, `Mark Price` and `Liq. Price` [2016-05-28 14:56:12] 1QaZxSw2 : right, ok thanks. sorry for newbie questions [2016-05-28 14:56:17] BitMEX_Wally : We're happy to help :) [2016-05-28 14:57:27] 1QaZxSw2 : is the mark price for eth just a single exchange, polo? [2016-05-28 15:02:00] BitMEX_Wally : Yes [2016-05-28 15:36:18] doged : I have a question for "stop market" trading if i open a long position at 500usd and set the stop price to 550usd, and the price hits 551 usd the order get triggered and filled at 550 right? [2016-05-28 15:38:07] BitMEX_Wally : IF you set a Stop Market order to buy with a stop price of 550 then it will be triggered when the mark price reaches 550. It will then execute at whatever price is available in the order book [2016-05-28 15:38:31] BitMEX_Wally : It might be 549 or 551 depending on the liquidity in the order book [2016-05-28 15:44:17] doged : that means profit and no loss, right? sorry i'm a rookie [2016-05-28 15:45:49] BitMEX_Sam : If you're trying to take profit doged, just set a limit sell at 550 [2016-05-28 15:47:47] BitMEX_Wally : If you are currently long and want to take profit, then submit a Limit order to sell a 550. If you are currently short and want to stop loss, then submit a Stop order to buy at 550 [2016-05-28 15:48:36] BitMEX_Wally : Ahh, you already said you were long, my apologies. In which case you want a Limit order to sell, and that will execute at 550 exactly . [2016-05-28 15:49:37] doged : thank you [2016-05-28 16:02:19] jung1 : A new DAO proposal called hodl.it is gaining support: will buy lots of bitcoin and hold. [2016-05-28 16:02:28] jung1 : simply genius [2016-05-28 16:03:05] BitMEX_Sam : Ahahaha [2016-05-28 16:03:49] arbitrage001 : pumping bitcoin [2016-05-28 16:04:43] arbitrage001 : problem is bitcoin, by itself, don't pay interest or dividend [2016-05-28 16:05:12] arbitrage001 : no point having someone else holding bitcoin when you can do it yourself [2016-05-28 16:05:46] jung1 : disagree [2016-05-28 16:06:09] jung1 : there are a lot of people that want to invest without technical knowledge [2016-05-28 16:06:31] arbitrage001 : and holding dao is less technical than holding btc? [2016-05-28 16:06:31] jung1 : and they are able to pay fee to someone that will take care about investment [2016-05-28 16:06:57] jung1 : could be. depends on what kind of software they will develope [2016-05-28 16:08:03] jung1 : This is like being in a fund that is administered by crowd voting instead of a manager. [2016-05-28 16:10:46] j8 : i bet they will suck at it [2016-05-28 16:12:13] BitMEX_Sam : I agree, I see a lot of ways this could go wrong and not many it could go right [2016-05-28 16:14:03] sleger : that's shurely thrue [2016-05-28 16:16:26] REKT : Liquidated long on `DAOETH`: Sell 7 @ 0.01051 [2016-05-28 16:16:26] REKT : Liquidated long on `DAOETH`: Sell 31 @ 0.01042 [2016-05-28 16:16:37] j8 : speaking of which [2016-05-28 16:21:22] cryptostephen : are LTC/BTC positions liquidated based upon mark price derived from spot? [2016-05-28 16:21:30] jung1 : but for example if bitmex will go with dao proposal of selling like 30% of exchange shares and dao will make automaticly dividend payout [2016-05-28 16:21:39] jung1 : I would invest in it [2016-05-28 16:21:39] cryptostephen : for the mark price, does it go off BTCe only or a mix of polo, btce, and finex? [2016-05-28 16:22:19] sleger : this guy would invest without even knowing the price that's why it's gonna fail huge [2016-05-28 16:22:53] BitMEX_Wally : cryptostephen: Look at the contract specs, and click through to the index: https://www.bitmex.com/app/contract/LTCXBT [2016-05-28 16:23:00] BitMEX_Wally : https://www.bitmex.com/app/index/.LTCXBT [2016-05-28 16:23:07] BitMEX_Wally : ` The Litecoin price is calculated from the last price at Bitfinex` [2016-05-28 16:39:35] cryptostephen : so if a wick just barely moves past the liq. price for 1 second then moves back up would that liquidate my position? [2016-05-28 16:39:51] cryptostephen : or does BTCe need to move to that price as well? how does that work [2016-05-28 16:40:06] cryptostephen : just wondering, i don't have any trades open [2016-05-28 16:40:12] cryptostephen : thinking about it tho [2016-05-28 16:40:28] BitMEX_Wally : If you're talking about the `LTCXBT` swap then it is marked to the Bitfinex price [2016-05-28 16:41:02] BitMEX_Wally : If the Bitfinex price goes past your liquidation price then you get immediately liquidated [2016-05-28 16:42:47] cryptostephen : and the liq price is -50% for liquidation? [2016-05-28 16:42:56] cryptostephen : why so little... okcoin does up to -80% [2016-05-28 16:43:37] BitMEX_Wally : You need to compare the leverage. [2016-05-28 16:44:28] BitMEX_Wally : If you open a 20x position on `XBTUSD` then you have 5% initial margin. You are liquidated once you only have 0.50% (the maintenance margin left). This is a -90% ROE [2016-05-28 16:44:34] BitMEX_Wally : Which is better than OKC [2016-05-28 16:50:02] cryptostephen : i still think -50% is cutting too much off the top [2016-05-28 16:50:07] cryptostephen : should be -60% at least [2016-05-28 16:51:40] cryptostephen : either way. say your liq price was $408. and the price goes to $408. does it liquidate you? or does it need to reach $407.99 [2016-05-28 16:52:59] BitMEX_Wally : If you are long and your liquidation price is $408.00 then the mark price has to be below $408.00, i.e. less than or equal to $407.99 [2016-05-28 16:55:57] aethlios : lisk MM very scary, only 50 lisk.... [2016-05-28 16:59:10] rentchev : you can trade way more than 50 [2016-05-28 16:59:29] rentchev : I just traded 2000 [2016-05-28 17:00:33] aethlios : rentchev: I bought them. [2016-05-28 17:00:47] rentchev : from me? [2016-05-28 17:00:48] rentchev : :-) [2016-05-28 17:01:09] aethlios : 2000 0.000775 2000 1.5500 XBT 0.000775 Limit 2016-05-28 19:35:17 [2016-05-28 17:01:18] rentchev : yes, that was my sell [2016-05-28 17:01:20] Mangalica : very lisky [2016-05-28 17:01:25] rentchev : from 0.00067 [2016-05-28 17:01:32] rentchev : funny [2016-05-28 17:01:35] Mangalica : vely lisky even [2016-05-28 17:02:00] rentchev : good luck