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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[2016-05-28 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
[2016-05-28 17:02:34] rentchev : LSK now has a premium
[2016-05-28 17:04:56] Mangalica : this Mist ETH wallet takes ages to synchronize. I only need the last 100k or so blocks but I've been on it for hours
[2016-05-28 17:06:16] Mangalica : just wanna send some of that DAO to polo
[2016-05-28 17:25:05] Rune : think a short on lisk is good here
[2016-05-28 17:25:16] Rune : cant seem to pass 0.0008 much
[2016-05-28 17:36:43] nickhnt : Nice to see the leaderboards ?
[2016-05-28 17:37:47] nickhnt : Didnt know about that
[2016-05-28 17:39:52] Mangalica : are you on it?
[2016-05-28 17:40:53] Rune : leaderboards?
[2016-05-28 17:41:14] Mangalica : https://www.bitmex.com/app/leaderboard
[2016-05-28 17:43:38] nickhnt : 2nd on ROE and 3rd on notional
[2016-05-28 17:44:30] Mangalica : impressive
[2016-05-28 17:44:42] Mangalica : you mainly made that on BTC or ETH?
[2016-05-28 17:45:44] nickhnt : I gained a bunch from btc, and I think 20% from eth
[2016-05-28 17:46:37] nickhnt : Im impressed myself, didnt know how far i have come
[2016-05-28 18:12:50] rapidtrades : some scammy shit going on at okc
[2016-05-28 18:13:22] Tetsuo : rapidtrades: ?
[2016-05-28 18:14:22] Tetsuo : BTC&LTC shorters prepare to get wrecked again!
[2016-05-28 18:19:18] REKT : Liquidated long on `DAOETH`: Sell 482 @ 0.00978
[2016-05-28 18:19:18] REKT : Liquidated long on `DAOETH`: Sell 1 @ 0.00980 :punch: :whale:
[2016-05-28 18:21:22] rapidtrades : u can not be srs with this 0.25% shit
[2016-05-28 18:23:44] rapidtrades : daily interest on okc 0.4%
[2016-05-28 18:23:46] rapidtrades : really
[2016-05-28 18:23:53] rapidtrades : u ppl are nuts
[2016-05-28 18:34:30] rapidtrades : BitMEX_Wally: whats wtih the 0.25%
[2016-05-28 18:35:02] arbitrage001 : that is the peak rate at bitfinex yesterday
[2016-05-28 18:35:04] rapidtrades : i just rolled over my bitfinex loans at 0.07
[2016-05-28 18:35:25] elmorte : So...how does one get those comp generated usernames?
[2016-05-28 18:39:52] elmorte : @Alabaster-Mire-Tooth I remember he was complaining about school fees, no?
[2016-05-28 18:40:52] rapidtrades : elmorte: is that really the conversation you're having right now
[2016-05-28 18:41:00] rapidtrades : F*CK SCHOOL
[2016-05-28 18:41:27] elmorte : Dont knock my dreams man....
[2016-05-28 18:41:29] rapidtrades : this is D-day+1
[2016-05-28 18:42:03] rapidtrades : elmorte: you're dreams are shit
[2016-05-28 18:42:18] elmorte : One day, you'll be like...fck, I wish I finished that mba
[2016-05-28 18:42:34] elmorte : Your spelling is shit :p
[2016-05-28 18:43:13] rapidtrades : you don't need an MBA if u want to make $$$
[2016-05-28 18:43:24] rapidtrades : u need MBA if u want to work for smone with monies
[2016-05-28 18:43:48] elmorte : Spoken like someone who don't have one
[2016-05-28 18:44:59] elmorte : Chop chop, ain't got all night
[2016-05-28 18:45:41] rapidtrades : oh do u have to study for ur MBA?
[2016-05-28 18:46:52] elmorte : Sigh...I'll get back to business then.
[2016-05-28 18:48:02] rapidtrades : they're just shifitng paper around
[2016-05-28 18:48:09] rapidtrades : and once u put in bid/ask everything stops
[2016-05-28 18:48:16] rapidtrades : noone needss to trade now
[2016-05-28 18:48:18] rapidtrades : kuntc
[2016-05-28 18:48:36] rapidtrades : they used to fake futures only now looks like they started to mess with spot too
[2016-05-28 18:48:43] rapidtrades : f chinese, never trust china
[2016-05-28 18:49:14] rapidtrades : they'll end bitcoin
[2016-05-28 18:50:13] peachesgirl : hi rapidtrades
[2016-05-28 18:50:37] peachesgirl : how to u clear all open position in one shot if market suddenly moves against u?
[2016-05-28 18:50:46] peachesgirl : is there a feature on the site?
[2016-05-28 18:51:09] jung1 : nope
[2016-05-28 18:51:21] jung1 : just close market
[2016-05-28 18:51:31] MrRGnome : Can't you click the red X on top of the active orders list?
[2016-05-28 18:51:31] peachesgirl : i traded end last year Jung1...and i remeber we had that feature
[2016-05-28 18:51:32] jung1 : in order types
[2016-05-28 18:51:40] peachesgirl : what happened why would they remove something good?
[2016-05-28 18:51:49] jung1 : oh
[2016-05-28 18:51:55] jung1 : never used it before
[2016-05-28 18:52:04] peachesgirl : where is the close market to tap it?
[2016-05-28 18:52:11] MrRGnome : It won't close an open position, you need a market order for that
[2016-05-28 18:52:12] elmorte : I think too many people complained @peachesgirl
[2016-05-28 18:52:31] peachesgirl : thats not good
[2016-05-28 18:53:00] elmorte : Since they didn't understand the algorithm behind it
[2016-05-28 18:53:27] peachesgirl : so, to clear only market option
[2016-05-28 18:53:33] peachesgirl : ok.....no choice
[2016-05-28 18:53:45] peachesgirl : what about stop loss n take profit
[2016-05-28 18:54:07] elmorte : It's the same thing really, except you realize what you're doing uh advance
[2016-05-28 18:54:14] elmorte : In*
[2016-05-28 18:54:24] peachesgirl : :)
[2016-05-28 18:55:11] elmorte : I'm on mobile, for some reason can't see emoticon
[2016-05-28 18:55:40] peachesgirl : ok np...thks for yr help
[2016-05-28 18:57:35] BitMEX_Sam : Hey peachesgirl -
[2016-05-28 18:57:41] BitMEX_Sam : We never had a button to close all open positions.
[2016-05-28 18:57:59] peachesgirl : hi Sam
[2016-05-28 18:58:01] peachesgirl : good day
[2016-05-28 18:58:11] BitMEX_Sam : To close a position quickly you can use a Market or a Close Market order
[2016-05-28 18:58:20] BitMEX_Sam : I would recommend using a Limit to get a better price.
[2016-05-28 18:58:27] peachesgirl : where is the close market order button...thats what I meant
[2016-05-28 18:58:36] peachesgirl : did not remeber what it was called
[2016-05-28 18:58:40] BitMEX_Sam : It's an order type - if you have an open position, you can select it from the dropdown
[2016-05-28 18:58:59] peachesgirl : this is in case the price goes rapidly against u
[2016-05-28 18:59:11] BitMEX_Sam : I will be adding a button to the positions list in the next release to close market or close limit more easily.
[2016-05-28 19:00:05] rapidtrades : BitMEX_Sam: the rate is too damn high!
[2016-05-28 19:00:09] peachesgirl : Sam i dont see any drop down near open position?
[2016-05-28 19:00:22] BitMEX_Sam : It's an order type - where you select Limit, Market, Stop, etc
[2016-05-28 19:00:29] BitMEX_Sam : On mobile it should be at the top of the page
[2016-05-28 19:00:30] peachesgirl : what rate rapidtrades?
[2016-05-28 19:00:42] peachesgirl : im on pc
[2016-05-28 19:00:43] peachesgirl : pc
[2016-05-28 19:00:45] BitMEX_Sam : rapidtrades: That's the real rate, BFX lending market was extremely thin yesterday and some high rates went through
[2016-05-28 19:00:51] elmorte : Thanks @BitMEX_Sam . Condolences to all the "but my pnl said..."
[2016-05-28 19:00:53] BitMEX_Sam : peachesgirl: Top-left then
[2016-05-28 19:01:03] rapidtrades : BitMEX_Sam: well its not the correct rate
[2016-05-28 19:01:09] BitMEX_Sam : elmorte: Yes, we'll have to work on a way to do better messaging on that
[2016-05-28 19:01:46] elmorte : You have my 110% support
[2016-05-28 19:02:00] BitMEX_Sam : It is the correct rate rapidtrades, it is a time and depth-weighted rate of how much it would cost to open a large position
[2016-05-28 19:02:09] rapidtrades : fix it
[2016-05-28 19:02:12] BitMEX_Sam : Lending market went crazy yesterday.
[2016-05-28 19:02:19] rapidtrades : get in there and put 0.08%
[2016-05-28 19:02:26] sleger : hmm it is not how much it would cost, but how much it did yesterday
[2016-05-28 19:02:52] sleger : can I also trade at yesterday's spot price please ?
[2016-05-28 19:02:56] peachesgirl : Sam no jokes but cannot see any drop down!
[2016-05-28 19:03:07] rapidtrades : sleger: but the rate is yday rate
[2016-05-28 19:03:17] sleger : rapidtrades: that's what I said one minute ago
[2016-05-28 19:03:20] rapidtrades : FFR is 0.06 now
[2016-05-28 19:03:29] elmorte : Hey guys, no fighting
[2016-05-28 19:03:35] rapidtrades : sleger: so u agree with me
[2016-05-28 19:03:41] BitMEX_Sam : peachesgirl: Do you see "Market Order" or "Limit Order" just below the logo in the top left?
[2016-05-28 19:04:13] rapidtrades : why can't u use FFR? thta's usually the worst case scenario
[2016-05-28 19:04:19] rapidtrades : FRR
[2016-05-28 19:04:43] sleger : rapidtrades: that's how the swap product is designed, that was clear in the docs. Then I agree there are a few things wrong in the design of that product
[2016-05-28 19:04:59] rapidtrades : ok
[2016-05-28 19:06:59] MrRGnome : can someone explain why interest exists on these products at all? There is no lending actually occurring, is it to try to keep buy and sell pressure reflective of market conditions by adding an incentive/disincentive?
[2016-05-28 19:07:32] rapidtrades : im guessing it was be too easy to arb otherwise
[2016-05-28 19:07:55] MrRGnome : What's wrong with easy arb? Doesn't that just mean more volume and more exchange fees?
[2016-05-28 19:08:34] rapidtrades : i really don't know....since bitmex doesn't take a cut maybe there shouldn't be interest...
[2016-05-28 19:08:40] elmorte : MrRGnome: second that.
[2016-05-28 19:09:04] MrRGnome : I don't either, I'm trying to wrap my head around why it might be necessary or what could be accomplished with this interest mechanism
[2016-05-28 19:09:12] MrRGnome : I can't think of anything really justifiable
[2016-05-28 19:09:18] rapidtrades : the interest will still be in the premium tho
[2016-05-28 19:09:27] elmorte : Somehow it seems appropriate, but I can't figure it out
[2016-05-28 19:09:57] MrRGnome : It's reflective of actual lending platforms like bfx, that is wht they seem to have been attempting
[2016-05-28 19:10:14] peachesgirl : Sam - yes
[2016-05-28 19:10:33] rapidtrades : it doesn't work well in practice tho, the interest thing
[2016-05-28 19:10:41] peachesgirl : the close market button below trailing stop?
[2016-05-28 19:10:43] rapidtrades : maybe go with current FRR
[2016-05-28 19:10:43] MrRGnome : Not with the lagging algorithm, no,
[2016-05-28 19:11:21] MrRGnome : Still, kind of odd. Doesn't seem like interest is altogether necessary for the instruments.
[2016-05-28 19:11:50] rapidtrades : if there's no interest its just another weekly inverse futures
[2016-05-28 19:11:51] MrRGnome : Incentivizes more transactions, shorter positions maybe = more fees?
[2016-05-28 19:12:51] MrRGnome : certainly incentivizes resistance volume as you get a favorable interest rate
[2016-05-28 19:12:59] rapidtrades : if they wanted fees, they could've taken a cut of the interest
[2016-05-28 19:13:20] MrRGnome : Maybe they did it to create more resistance and reduce huge local swings?
[2016-05-28 19:13:45] elmorte : Has anyone got the lending fees as a separate item in their history?
[2016-05-28 19:13:48] elmorte : I don't
[2016-05-28 19:14:40] elmorte : AFAIK
[2016-05-28 19:28:33] peachesgirl : Sam ..hi u there?
[2016-05-28 19:29:05] peachesgirl : Need to ask u why system did not allow me to exexute 100% leverage trade...only allow max of 50% ?
[2016-05-28 19:29:56] sleger : % or x ?
[2016-05-28 19:30:10] peachesgirl : %
[2016-05-28 19:30:39] sleger : but the max leverage is 100x not 100%
[2016-05-28 19:30:55] peachesgirl : sorry meant 100x times
[2016-05-28 19:31:01] peachesgirl : but can only do max 50x
[2016-05-28 19:31:21] peachesgirl : as it says if opened it will liquidate immediately !
[2016-05-28 19:31:43] sleger : ahah that's because the fair price is crooked