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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[2016-06-12 11:09:36] stf28 : it's still climbing
[2016-06-12 11:11:28] AbuAli : 104% :( fuck me harder btc
[2016-06-12 11:11:30] wurstgelee : no retracing until china decides to do so
[2016-06-12 11:12:01] stf28 : 24 jun still underpriced imho
[2016-06-12 11:12:10] wurstgelee : starting to take profits, 380% roe is enough. no need to be greedy oO
[2016-06-12 11:12:12] Blargwaffle : When is China's debt crisis over?
[2016-06-12 11:12:17] REKT : Liquidated short on `XBTUSD`: Buy 2000 @ 648.26
[2016-06-12 11:12:39] AbuAli : wurstgelee: great mate
[2016-06-12 11:12:46] GingerDan : wurstgelee: V nice. What was entry and leverage?
[2016-06-12 11:13:07] wurstgelee : june contracts, no swaps
[2016-06-12 11:13:10] wurstgelee : 25x ofc
[2016-06-12 11:13:28] wurstgelee : a little below 590
[2016-06-12 11:14:19] stf28 : okcoin still pushing
[2016-06-12 11:14:57] REKT : Liquidated short on `XBTUSD`: Buy 8000 @ 648.80
[2016-06-12 11:14:57] REKT : Liquidated short on `XBTUSD`: Buy 2285 @ 649.14
[2016-06-12 11:15:46] stf28 : will it pop again?
[2016-06-12 11:16:23] rapidtrades : sure
[2016-06-12 11:17:47] justinlooking : i dunno, china has punched it's resistance, but usd has it to go. tricky one
[2016-06-12 11:18:34] rapidtrades : its not tricky at all...USD follows
[2016-06-12 11:21:50] GingerDan : aaannnd short
[2016-06-12 11:22:03] rapidtrades : :)
[2016-06-12 11:22:12] futuretrader : hllo
[2016-06-12 11:22:40] futuretrader : guys what is my profit here just a bit confused
[2016-06-12 11:25:57] GingerDan : This looks good to buy again
[2016-06-12 11:26:08] BTCDJS : GingerDan: ha ha
[2016-06-12 11:26:44] BitMEX_Wally : futuretrader: There is Unrealised PNL (profit and loss) and Realised PNL
[2016-06-12 11:27:19] BitMEX_Wally : Unrealised PNL is the profit/loss from an open position from your entry price to the mark price
[2016-06-12 11:27:59] justinlooking : futuretrader: generally u can do margin balance minus sum of deposits
[2016-06-12 11:28:10] BitMEX_Wally : Realised PNL is profit/loss from positions that have been closed or rebalanced
[2016-06-12 11:28:53] BitMEX_Wally : plus/minus any trading fees
[2016-06-12 11:32:37] AbuAli : party is over, bed time lol
[2016-06-12 11:32:57] REKT : Liquidated long on `XBTUSD`: Sell 30705 @ 640.94 **MEGA-REKT** :boom:
[2016-06-12 11:33:03] sq : LOL
[2016-06-12 11:33:11] sq : rekt up n rekt down
[2016-06-12 11:33:47] sq : wad a day
[2016-06-12 11:34:08] arbitrage001 : lol
[2016-06-12 11:34:18] arbitrage001 : both bull and bear get recked
[2016-06-12 11:34:24] BTCDJS : Getting REKT is fun
[2016-06-12 11:34:27] Mr Blue : BitMEX_Wally: when will rebalancing be complete? because I think I messed up trying to avoid the liquidation man, and lost 0.15 that I didn't need to, as it was a seperate balance from my contract position.
[2016-06-12 11:34:34] BTCDJS : when its someone else
[2016-06-12 11:34:55] Mr Blue : lol
[2016-06-12 11:35:23] justinlooking : how can we see the orders the system's working orders?
[2016-06-12 11:35:49] BitMEX_Arthur : justinlooking: Not sure I understand the question
[2016-06-12 11:36:14] BitMEX_Arthur : Mr Blue: Rebalance will happen in 25 minutes
[2016-06-12 11:36:27] Mr Blue : BitMEX_Arthur: cool
[2016-06-12 11:40:51] justinlooking : hi arthur i mean the system is working orders to close liquidated positions, are they identifiable?
[2016-06-12 11:42:07] j8 : https://www.bitmex.com/api/v1/liquidation
[2016-06-12 11:42:11] BitMEX_Wally : Outstanding liquidations arre published on the API (which is what the REKT bot listens to)
[2016-06-12 11:42:14] BitMEX_Wally : Thanks j8 :)
[2016-06-12 11:42:23] justinlooking : ty j8
[2016-06-12 11:43:36] REKT : Liquidated long on `LTCXBT`: Sell 25 @ 0.00830
[2016-06-12 11:55:22] BTCDJS : Does anyone else here want the stops on the chart the same way the long and short positions are shown? Or is it just me who thinks that would be a nice idea?
[2016-06-12 11:56:06] GingerDan : BitMEX_Wally: In a Stop Limit order, why is the Limit price based on the Stop price when the Stop price is based on the market price?
[2016-06-12 11:56:29] BitMEX_Wally : I am not sure I understand your quesiton
[2016-06-12 11:56:53] GingerDan : Its a bit complicated to explain, but ill try
[2016-06-12 11:56:56] BitMEX_Wally : Stop and Stop Market orders have a Stop Price and they are triggered when the Stop Price is reached. You can choose if you want the mark price or the last price to trigger the order
[2016-06-12 11:57:07] BitMEX_Wally : There is a checkbox `Mark Price Trigger`
[2016-06-12 11:57:18] GingerDan : ahhhhhh
[2016-06-12 11:57:26] GingerDan : I did not see that!
[2016-06-12 11:57:29] rapidtrades : ahh
[2016-06-12 11:57:47] BitMEX_Wally : For a Stop Limit order, once the last price (or mark price) has reached the Stop Price then a normal limit order is entered into the book at the Limit price
[2016-06-12 11:58:07] BTCDJS : BitMEX_Wally: what do you think about my idea? is it doable?
[2016-06-12 11:58:32] BitMEX_Wally : BTCDJS: It's a question for Sam, the whole of the TradingView charts library is more lines of code than the whole of BitMEX
[2016-06-12 11:58:45] BitMEX_Wally : Once a Stop Limit has triggered then the resulting Limit order appears on the chart
[2016-06-12 11:58:55] BTCDJS : damn
[2016-06-12 11:59:25] rapidtrades : BitMEX_Wally: well take it out then
[2016-06-12 11:59:28] rapidtrades : noone wants those chats
[2016-06-12 12:00:08] REKT : Liquidated short on `XBTUSD`: Buy 1844171 @ 645.49 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-06-12 12:00:21] Blargwaffle : Felt that DPE...
[2016-06-12 12:00:35] justinlooking : wtf, ended up with more unrealised pnl than before hte rebalance!
[2016-06-12 12:00:42] stf28 : this is stealing !
[2016-06-12 12:01:06] rapidtrades : 42% dpe lol
[2016-06-12 12:01:08] sam : wow 42%
[2016-06-12 12:01:11] GingerDan : hahahahhahahah
[2016-06-12 12:01:21] sam : might as well make it a 100
[2016-06-12 12:01:21] stf28 : bitmex bankrupt hide and run
[2016-06-12 12:01:26] zanza : how is it 42% ?
[2016-06-12 12:01:33] j8 : that's because there's very little profit so far today
[2016-06-12 12:01:39] BTCDJS : i lost a bit ?
[2016-06-12 12:01:47] Blargwaffle : Look at the mark, though.
[2016-06-12 12:01:48] zanza : was that your liq?
[2016-06-12 12:02:31] rapidtrades : no that's the old liqs rolled over
[2016-06-12 12:02:45] zanza : they roll over liqs?
[2016-06-12 12:02:48] zanza : no
[2016-06-12 12:02:56] rapidtrades : ya jew
[2016-06-12 12:03:03] zanza : thats the whole point of DPE
[2016-06-12 12:03:07] zanza : its absorbed every 24h
[2016-06-12 12:03:17] zanza : by winners
[2016-06-12 12:03:17] justinlooking : the dpe doesn't close the position
[2016-06-12 12:03:43] zanza : so you lose the money, but doesn't close any contracts?
[2016-06-12 12:03:46] zanza : wut
[2016-06-12 12:03:56] justinlooking : it was 1.8mil at 622, after 20% dpe, it's now 645
[2016-06-12 12:03:59] rapidtrades : exactly, now ur getting it
[2016-06-12 12:04:01] rapidtrades : zanza:
[2016-06-12 12:04:52] justinlooking : shrekt
[2016-06-12 12:05:35] j8 : so, 0.6641%.. i thought it was capped at a 0.375% increase?
[2016-06-12 12:06:06] yerb : this idiot just chipped off our profits via socialized losses, what a fuggin cunt
[2016-06-12 12:06:18] rapidtrades : new system is introduced, check email @j8
[2016-06-12 12:07:04] j8 : yeah i saw that of course.. wasn't the change in rate supposed to be capped though?
[2016-06-12 12:07:20] arbitrage001 : this new dpe is from short or long?
[2016-06-12 12:07:57] justinlooking : arbitrage001: its the same liquidated shorts from last 8hr session
[2016-06-12 12:08:18] arbitrage001 : justinlooking: so system didnt update yet?
[2016-06-12 12:08:27] arbitrage001 : shouldnt it reset to 0?
[2016-06-12 12:09:40] BitMEX_Wally : If the mark price is below the rebalance price there will be 0% DPE
[2016-06-12 12:09:42] j8 : so what happens is the clawback pays to move the liquidation to the spot price. but then the mark price has a 0.6641% premium, so it's already below that
[2016-06-12 12:10:22] futuretrader : on other exchanges btc is at 638#
[2016-06-12 12:10:44] BTCDJS : futuretrader: finex 641.6
[2016-06-12 12:10:48] Mr Blue : stf28: wouldn't surprise me, was some large buys just before hand, probably a whale club or okc tried to rape this place, but I believe the exchange will of hedged its orders or something on another place, so could = 0 loss for them I hope, as so far I'm enjoying this place.. we'll have to see what insurance fund says lol, I could of made $10,000+ profit if I wasn't such an idiot, so exchange losing $100,000+ isn't out of imagination.
[2016-06-12 12:11:21] rapidtrades : Mr Blue: exchange can't lose
[2016-06-12 12:11:41] Mr Blue : rapidtrades: I hope so :-)
[2016-06-12 12:11:51] BTCDJS : house always wins
[2016-06-12 12:12:11] rapidtrades : Mr Blue: u hope so? we pay it mofo
[2016-06-12 12:12:34] j8 : wow rate is at 0.429% now.. nice one guys
[2016-06-12 12:13:20] rapidtrades : there it is....a beauty
[2016-06-12 12:13:26] Mr Blue : rapidtrades: its not impossible for them to take a loss, even said its rare but can happen on insurance fund page when I could still find her lol
[2016-06-12 12:13:44] j8 : guys, sell that sh*t. the interest is awesome
[2016-06-12 12:13:55] arbitrage001 : wasnt it 0.66 just now?
[2016-06-12 12:14:08] j8 : it was, but it wasn't supposed to be, and they changed it
[2016-06-12 12:14:39] BitMEX_Arthur : The rate of 0.429% is the correct rate
[2016-06-12 12:14:50] arbitrage001 : how is this rate derived?
[2016-06-12 12:14:54] arbitrage001 : by using cap?
[2016-06-12 12:15:00] rapidtrades : BitMEX_Arthur: right now :)
[2016-06-12 12:15:23] BitMEX_Arthur : The change between periods can't be larger than 75% of the maintenance margin
[2016-06-12 12:16:02] arbitrage001 : 0.429 is just 8 hours rate
[2016-06-12 12:16:03] arbitrage001 : isnt it?
[2016-06-12 12:16:07] rapidtrades : BitMEX_Arthur: the rate will vary based on premium right? its not fixed for next 8 hrs
[2016-06-12 12:16:18] justinlooking : yes arb
[2016-06-12 12:16:20] BitMEX_Arthur : Yes that is the outright rate published now, to be charged at 20 UTC
[2016-06-12 12:16:22] arbitrage001 : ok then
[2016-06-12 12:16:30] arbitrage001 : annualized rate is over 300% ?
[2016-06-12 12:16:52] rapidtrades : BitMEX_Arthur: wtf...why did u drop it from 0.66%
[2016-06-12 12:17:09] BitMEX_Arthur : rapidtrades: Yes the published rate at 20 UTC to be charged at 04 UTC will be based on the premium between now and 20 UTC
[2016-06-12 12:17:37] rapidtrades : ok but the rate we see now...is that charged at 20h
[2016-06-12 12:17:42] rapidtrades : fixed?
[2016-06-12 12:17:56] BitMEX_Arthur : Yes longs will get charged 0.429% at 20 UTC
[2016-06-12 12:18:02] BitMEX_Arthur : then a new rate will be published
[2016-06-12 12:18:12] rapidtrades : why did u drop it from 0.66
[2016-06-12 12:18:22] BitMEX_Wally : 0.66% was showing as a mistake
[2016-06-12 12:18:34] rapidtrades : :(
[2016-06-12 12:18:40] BitMEX_Wally : The rate cannot increase more than 0.375% so the rate is 0.429% as stated in the announcement email
[2016-06-12 12:18:56] j8 : swung the index by an extra $2, may have rekt some folks
[2016-06-12 12:19:09] rapidtrades : good
[2016-06-12 12:20:40] j8 : so, 2700 btc to go.
[2016-06-12 12:21:29] arbitrage001 : anyone want to sellTU16?
[2016-06-12 12:21:37] arbitrage001 : september contract
[2016-06-12 12:21:47] j8 : i want to sell M16
[2016-06-12 12:21:52] arbitrage001 : lol
[2016-06-12 12:21:59] arbitrage001 : guess we are trying to do the same
[2016-06-12 12:22:32] arbitrage001 : m16 will expire in 2 weeks, small problem for you
[2016-06-12 12:22:42] j8 : yeah, i'm eager
[2016-06-12 12:23:10] j8 : also getting a little bit of a margin crunch going on
[2016-06-12 12:23:26] arbitrage001 : j8: ?
[2016-06-12 12:23:36] arbitrage001 : you are long? should be in good shape
[2016-06-12 12:24:19] j8 : i'm long and short, have big losses and big gains, but the gains are unrealised and don't cover the losses
[2016-06-12 12:24:37] j8 : and it's only sunday... weekly rebalance can't come soon enough
[2016-06-12 12:24:52] arbitrage001 : if they are hedged, should not be a problem unless there are dpe
[2016-06-12 12:25:09] j8 : it is a problem, since withheld profit can't be used as margin
[2016-06-12 12:25:20] j8 : unlike on okc, where it does
[2016-06-12 12:27:05] BitMEX_Wally : j8: We unlock 50% of withheld profit every 8 hours, so half of it can be re-leveraged
[2016-06-12 12:27:06] j8 : it's happened to me before where i make a bunch of profit but run out of margin to safely hedge it
[2016-06-12 12:27:25] BitMEX_Wally : Correction, 50% of realised profit
[2016-06-12 12:27:34] j8 : BitMEX_Wally: yes, i still need to close some
[2016-06-12 12:29:09] j8 : holding hedged positions works a lot better on okc. the clawback is also pooled, so you're only clawed on net profits
[2016-06-12 12:30:44] j8 : or something like that. it's not entirely pooled
[2016-06-12 12:31:38] BitMEX_Wally : If you have realised profit and unrealised loss then after rebalance the 2 are netted together and then PDE is applied
[2016-06-12 12:31:40] futuretrader : i made profit why cant i see it in available funds i see it in wallet balance
[2016-06-12 12:32:16] BitMEX_Wally : futuretrader: Profit is withheld until rebalancing
[2016-06-12 12:33:28] BitMEX_Wally : https://www.bitmex.com/app/dynamicProfitEqualisation
[2016-06-12 12:33:49] ten : i see. it was storange.
[2016-06-12 12:34:33] BitMEX_Wally : futuretrader: Actually, we just had a rebalance, so your profit should be available
[2016-06-12 12:34:37] Mr Blue : nice I've refered 3 users, they must be hiding with massive profits from that pump lol
[2016-06-12 12:35:20] Mr Blue : wish I'd of been refered my self with the 10% fee discount.
[2016-06-12 12:36:08] BitMEX_Wally : futuretrader: The profit on your XBTUSD position is still allocated as margin to the position. Re-adjust the leverage to Cross and it will become available
[2016-06-12 12:36:44] Mr Blue : so who's here? barclay bob, ton van?
[2016-06-12 12:38:52] laisee : diamond geezer?
[2016-06-12 12:39:49] rullwull : Mr Blue: profit was great!
[2016-06-12 12:39:59] yerb : we demand that bitmex uses VC capital to cover losses, not our profits :D
[2016-06-12 12:40:44] Mr Blue : rullwull: +1 mate, I've made nice profits here in the past, but missed out last night lol
[2016-06-12 12:41:27] rullwull : did you recover your losses? btw correction time is coming soon
[2016-06-12 12:42:43] ayy_lmao : jsut woke up, were there any socialized losses?
[2016-06-12 12:42:52] Mr Blue : rullwull: no was 0.7 BTC loss, so I lost, I can try make my self feel better saying, I never lost anything because Bitcoin price increased, so was a fiat gain for me, but who cares about fiat lol
[2016-06-12 12:42:53] sam : 20%
[2016-06-12 12:42:58] ayy_lmao : ooo
[2016-06-12 12:43:36] BitMEX_Wally : https://www.bitmex.com/app/settlementHistory
[2016-06-12 12:43:40] ayy_lmao : thx
[2016-06-12 12:44:12] Mr Blue : rullwull: if I didn't withdraw 4 BTC two days before hand, it would of been a different story, I'd of took my loss on the short gone long and made over $10,000
[2016-06-12 12:44:20] ayy_lmao : well thats the price we pay for 50x i guess
[2016-06-12 12:44:39] asdfman : what is this new XBJ24H ?
[2016-06-12 12:44:40] Mr Blue : so as always, it doesn't pay to be poor lol
[2016-06-12 12:45:01] ayy_lmao : still prefer perpetual over 24hr contract
[2016-06-12 12:45:37] rullwull : Mr Blue: on high leverage platforms i prefer to withdraw my deposits asap and play with profit money
[2016-06-12 12:46:12] Mr Blue : rullwull: same here, but didn't work out in this case lol
[2016-06-12 12:48:45] rullwull : Mr Blue: ok, need to go, wish you a successful trading
[2016-06-12 12:49:18] Mr Blue : rullwull: okay mate, have a good day your self as well :-))
[2016-06-12 12:49:38] j8 : so, who wants to buy some XBTM16
[2016-06-12 12:50:05] justinlooking : size price?
[2016-06-12 12:50:47] j8 : the 25k asks are mine, price is negotiable
[2016-06-12 12:53:10] j8 : if you take the premium from the okc june 24 contract but use bitmex spot index, that would put the inverse contract around 662.5
[2016-06-12 13:00:48] justinlooking : 4425
[2016-06-12 13:00:52] REKT : Liquidated long on `ETHXBT`: Sell 14 @ 0.02217
[2016-06-12 13:01:19] REKT : Liquidated short on `XBTUSD`: Buy 1704410 @ 647.17 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-06-12 13:01:25] ayy_lmao : lol
[2016-06-12 13:01:31] ayy_lmao : god dammit
[2016-06-12 13:02:16] j8 : nah that's the same one
[2016-06-12 13:02:56] ayy_lmao : did it get filled
[2016-06-12 13:03:04] justinlooking : barely 100k
[2016-06-12 13:03:05] haxmb : nope still on the books
[2016-06-12 13:03:08] ayy_lmao : rekt
[2016-06-12 13:03:08] REKT : MOOON TIME!
[2016-06-12 13:03:10] haxmb : 1704410
[2016-06-12 13:03:18] justinlooking : piss off micmix!
[2016-06-12 13:03:23] REKT : Liquidated short on `XBTUSD`: Buy 1704410 @ 647.17 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-06-12 13:03:25] justinlooking : (jk ofc)
[2016-06-12 13:03:40] sleger : ok so during the same period they decided to : - kill the 10$ premium that longs had paid and wont have on exit - increase the fee long pays every 8hr - and all this while there is a 30%+ DPE ???
[2016-06-12 13:04:13] billz : yeah totally screwed us lol
[2016-06-12 13:04:36] sam : jump ship
[2016-06-12 13:04:45] billz : 39% dpe
[2016-06-12 13:05:11] rapidtrades : srsly who's buying
[2016-06-12 13:05:17] rapidtrades : how dumb do u have to be
[2016-06-12 13:06:27] billz : I just bought at 644 again lol selling soon though, made a nice profit already
[2016-06-12 13:06:32] sam : get out
[2016-06-12 13:06:39] sam : if you're long
[2016-06-12 13:06:40] BTCDJS : sam: why?
[2016-06-12 13:07:02] wurstgelee : lol wut?
[2016-06-12 13:07:17] rapidtrades : this site should introduce an IQ test
[2016-06-12 13:07:19] yerb : bitmex is gonna have to ship off that VC money to cover losses
[2016-06-12 13:07:29] yerb : *chip
[2016-06-12 13:07:32] wurstgelee : nope
[2016-06-12 13:07:39] haxmb : you'll lose about 50 - 70% of your profit
[2016-06-12 13:07:41] wurstgelee : those 40% are not gonna get paid by bitmex...
[2016-06-12 13:07:43] haxmb : because of the liquidation
[2016-06-12 13:07:56] ayy_lmao : 40% dpe wut
[2016-06-12 13:08:07] wurstgelee : june contracts <3
[2016-06-12 13:08:10] wurstgelee : 0.0%
[2016-06-12 13:08:12] wurstgelee : :D
[2016-06-12 13:08:21] rapidtrades : wurstgelee: wait fir it.....
[2016-06-12 13:08:36] wurstgelee : doesnt matter
[2016-06-12 13:08:43] wurstgelee : it rebalances every friday
[2016-06-12 13:08:50] wurstgelee : so those profits are locked
[2016-06-12 13:08:58] wurstgelee : i have junes open for months...
[2016-06-12 13:09:00] wurstgelee : ;)
[2016-06-12 13:09:02] j8 : team effort, lets make sure there's 0% on june. i'm pretty committed
[2016-06-12 13:09:10] wurstgelee : hehe
[2016-06-12 13:09:32] laisee : yeah, there is no DPE in team
[2016-06-12 13:10:09] billz : perpetual is trading way too low after this change
[2016-06-12 13:10:13] wurstgelee : obv those who are here longer tend to chill in long term contracts ;)
[2016-06-12 13:10:23] BTCDJS : rapidtrades: what is happening mate?
[2016-06-12 13:11:00] BitMEX_Wally : I'm surprised none of you guys have noticed the new 100x product that quietly listed an hour ago
[2016-06-12 13:11:11] BTCDJS : BitMEX_Wally: i did
[2016-06-12 13:11:16] BitMEX_Wally : :)
[2016-06-12 13:11:20] justinlooking : oh!
[2016-06-12 13:11:25] rapidtrades : i haven't refreshed
[2016-06-12 13:11:31] BitMEX_Wally : `XBJ24H` 100x, daily expiry, BItcoin vs Japanese Yen
[2016-06-12 13:11:49] rapidtrades : cool
[2016-06-12 13:11:51] BitMEX_Wally : quanto too
[2016-06-12 13:12:06] luckynuke : where are the bulls on bitmex lool
[2016-06-12 13:12:12] sleger : nobody wants to trade on here anymore
[2016-06-12 13:12:24] sleger : this ripoff will destroy the reputation
[2016-06-12 13:12:29] sleger : completely unprofessional, if not more
[2016-06-12 13:12:41] sam : rates are insane
[2016-06-12 13:12:42] luckynuke : bitcoinmarket is pushing the price and bitmex is sho
[2016-06-12 13:13:01] Mr Blue : BitMEX_Wally: just noticed it, looks like a great one to short
[2016-06-12 13:13:22] yerb : bitmex wtf are you doing
[2016-06-12 13:13:50] rapidtrades : yerb: what are u doing?
[2016-06-12 13:14:06] rapidtrades : don't u see that idiots keep buying?
[2016-06-12 13:14:32] rapidtrades : nothing can be done at this point
[2016-06-12 13:14:41] yerb : we need some new rules for liquidating big positions early
[2016-06-12 13:14:54] Mr Blue : if you think the japanese yen is going up against the Bitcoin,,, you must must be mad! lol
[2016-06-12 13:14:55] rapidtrades : those rules? dump on market like i said months ago
[2016-06-12 13:15:05] rapidtrades : limits work until they don't
[2016-06-12 13:15:13] ayy_lmao : how is mark price at 658
[2016-06-12 13:15:25] rapidtrades : who knows
[2016-06-12 13:15:35] krach : mark price is the purple line on the chart
[2016-06-12 13:15:49] justinlooking : ayy_lmao: just trying to figure that out too
[2016-06-12 13:15:51] yerb : you mean blue
[2016-06-12 13:15:51] krach : Anway, how high will the socialised losses be
[2016-06-12 13:16:20] rapidtrades : krach: depends how high the idiots bid up prices, could be anything really
[2016-06-12 13:16:31] j8 : mark price is spot + fundingRate*(time until funding)
[2016-06-12 13:16:43] ayy_lmao : lets hope we get a flash crash on the way up to fill those orders
[2016-06-12 13:16:51] j8 : funding rate is high and it's still early in the 8 hour session
[2016-06-12 13:17:07] rapidtrades : j8: mark will drop toward swap right?
[2016-06-12 13:17:13] krach : If I understand right, socialised losses are over 1/3 now
[2016-06-12 13:17:15] rapidtrades : spot
[2016-06-12 13:17:31] rapidtrades : krach: it says 40% right there
[2016-06-12 13:17:32] j8 : at the next funding time it will be equal to spot
[2016-06-12 13:17:40] rapidtrades : kewl
[2016-06-12 13:17:43] j8 : then it will jump up again, depending on the new funding rate
[2016-06-12 13:17:44] ayy_lmao : we have to pay for someones sins
[2016-06-12 13:17:59] rapidtrades : i blame ggwp
[2016-06-12 13:18:19] sq : hahahaha
[2016-06-12 13:18:20] krach : oh shit I am too slow
[2016-06-12 13:18:22] j8 : we could actually get back to reasonable rates if this discount continues
[2016-06-12 13:18:23] krach : 40%
[2016-06-12 13:18:34] rapidtrades : semi-conductor prolly played a part too
[2016-06-12 13:18:50] rapidtrades : he dropped from leaderboard after this rally
[2016-06-12 13:18:56] BTCDJS : rapidtrades: for learning purposes could you please help me understand whats going on here?
[2016-06-12 13:18:59] sq : what a day
[2016-06-12 13:19:09] rapidtrades : BTCDJS: in what way
[2016-06-12 13:19:49] rapidtrades : cos there's a lot going on right now...
[2016-06-12 13:20:06] BTCDJS : rapidtrades: why is the mark price higher than the last traded price? why is it better to close longs?
[2016-06-12 13:21:23] krach : When do people pay for the socialised losses? Every 8 hours?
[2016-06-12 13:21:58] rapidtrades : there is 35% DPE right now, if u make money u will lose 35% of it....and the only way this will come down is if prices drop to fill that liq
[2016-06-12 13:22:08] BitMEX_Wally : krach: At rebalance so every 24 hours for XBTUSD
[2016-06-12 13:22:13] rapidtrades : so longs are kinda f*cked right now
[2016-06-12 13:22:28] rapidtrades : if we go up, DPE will increase more
[2016-06-12 13:22:37] BitMEX_Wally : The price only has to drop 1% for there to be no DPE
[2016-06-12 13:22:40] rapidtrades : if we go down, they lose money
[2016-06-12 13:23:17] BTCDJS : rapidtrades: ah thanks. ok. Ill just wait to short then
[2016-06-12 13:23:26] yerb : BitMEX_Wally: thats 64$ drop, who the f*** is that gonna happen
[2016-06-12 13:23:28] aethlios : BitMEX_Wally: if swap has a discount then the bitfinex rate will count as funding? true?
[2016-06-12 13:23:34] j8 : rapidtrades: it also comes down a bit over the course of the day as the profit base increases
[2016-06-12 13:23:38] rapidtrades : i wouldn't do anything here until that DPE is gone
[2016-06-12 13:23:54] rapidtrades : but im very risk averse so, do what u want :)
[2016-06-12 13:24:01] BitMEX_Sam : yerb: That's $6, not $64 (?)
[2016-06-12 13:24:23] yerb : oh, sorry
[2016-06-12 13:24:43] BTCDJS : ok. Ill follow your advice. Im not taking risks the way I used to.
[2016-06-12 13:25:00] sleger : BitMEX_Sam: Change to the swap cost me ~10k$ by manipulating the premium from +10$ to -2$ now. How are you going to make this right ?
[2016-06-12 13:25:18] rapidtrades : that's tough mate...
[2016-06-12 13:25:18] BitMEX_Sam : sleger: You've already spoken with other members of the team.
[2016-06-12 13:25:30] sleger : but they havent answered
[2016-06-12 13:27:01] BitMEX_Wally : aethlios: If `.XBTUSDPI8H` is negative (unlikely) we will take that value unless the Bitfinex rate is more negative
[2016-06-12 13:27:14] stf28 : wow sorry for you sleger
[2016-06-12 13:27:19] BitMEX_Wally : If `.XBTUSDPI8H` is positive and the Bitfinex rate is positive we take the greater of the two
[2016-06-12 13:27:22] BitMEX_Arthur : sleger: send me an email arthur@bitmex.com we aren't reverting any of the changes that were made today, but if you want further clarification as to why the changes were made I am happy to assist
[2016-06-12 13:27:32] stf28 : fees/rebalance/funding is raping us hard here
[2016-06-12 13:27:49] BitMEX_Arthur : stf28: You can go short and earn the funding
[2016-06-12 13:27:59] BitMEX_Sam : Remember that funding is not a BitMEX fee, it goes directly from longs to shorts (or shorts to long if interest rates are negative)
[2016-06-12 13:28:17] sleger : BitMEX_Arthur: i dont want clarification, i understand the changes, but it just cant be done the way it was.
[2016-06-12 13:28:19] stf28 : yeah thanks for the advice, i'll keep from shorting right now ^^
[2016-06-12 13:29:52] rapidtrades : pump should end soon right? we all need a break
[2016-06-12 13:30:04] rapidtrades : its been 16 hrs almost vertical up
[2016-06-12 13:30:11] stf28 : i'm just pissed off cause with all these fees I lost like 1btc of past profits. OK it's not all the fees fault but looking at my rade history it's hurting
[2016-06-12 13:30:13] rapidtrades : 14 hrs
[2016-06-12 13:30:44] BTCDJS : rapidtrades: yeah I think so mate. I thought we could maybe push to 690 but I don't think it will now
[2016-06-12 13:30:54] ayy_lmao : http://i.imgur.com/i0qXpeU.gif
[2016-06-12 13:31:01] rapidtrades : we could still spike higher @BTCDJS
[2016-06-12 13:31:39] BTCDJS : rapidtrades: an engulfing candle then a crash probably last thrust.
[2016-06-12 13:32:01] j8 : BTCDJS: like two days ago you asked if i thought 650 was likely within a few days.. well here we are
[2016-06-12 13:32:48] j8 : i said no, not likely. of course
[2016-06-12 13:33:03] BTCDJS : j8: yup I remember
[2016-06-12 13:33:10] ayy_lmao : lets fill this guys
[2016-06-12 13:34:11] BTCDJS : I have no position but I don't want to miss the turn around. As long as that DPE lark sorts itself out
[2016-06-12 13:34:47] REKT : Liquidated short on `XBTUSD`: Buy 773497 @ 646.23 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-06-12 13:34:48] ayy_lmao : lol
[2016-06-12 13:34:53] ayy_lmao : wut
[2016-06-12 13:34:57] REKT : Liquidated short on `XBTUSD`: Buy 770042 @ 646.42 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-06-12 13:35:02] justinlooking : wtf
[2016-06-12 13:35:07] REKT : Liquidated short on `XBTUSD`: Buy 767842 @ 646.05 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-06-12 13:35:17] REKT : Liquidated short on `XBTUSD`: Buy 767842 @ 646.63 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-06-12 13:35:23] REKT : Liquidated short on `XBTUSD`: Buy 679805 @ 647.79 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-06-12 13:35:32] REKT : Liquidated short on `XBTUSD`: Buy 653503 @ 647.89 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-06-12 13:35:44] rapidtrades : bot's f*cked
[2016-06-12 13:35:44] billz : how lol
[2016-06-12 13:36:01] sq : wtf..
[2016-06-12 13:36:38] BTCDJS : DPE sorted
[2016-06-12 13:36:46] rapidtrades : nope
[2016-06-12 13:36:54] justinlooking : not yet
[2016-06-12 13:37:02] rapidtrades : still 650k left
[2016-06-12 13:37:27] BTCDJS : rapidtrades: where do i look to see that
[2016-06-12 13:37:39] justinlooking : https://www.bitmex.com/api/v1/liquidation
[2016-06-12 13:37:42] kogroken : It's in the orderbook now
[2016-06-12 13:38:07] BTCDJS : kogroken: 647.98?
[2016-06-12 13:38:17] kogroken : yeah
[2016-06-12 13:38:22] rapidtrades : BTCDJS: the link
[2016-06-12 13:38:24] kogroken : I assume at least.
[2016-06-12 13:39:42] rapidtrades : this is prolly it for today, that was a vicious spike on china
[2016-06-12 13:39:53] rapidtrades : almost 20 bucks
[2016-06-12 13:40:20] rapidtrades : taking a long sleep after this
[2016-06-12 13:41:51] sleger : I sold all of my swap
[2016-06-12 13:42:00] sleger : i contacted the support team
[2016-06-12 13:42:24] sleger : the exchange stole indirectly 10k$ from my account to give to other users (shorts)
[2016-06-12 13:43:00] sleger : i dont think i will trade here anymore and may contact the press if they dont make it right.
[2016-06-12 13:43:14] rapidtrades : not really, the changes have happened yet....im short and haven't received shit
[2016-06-12 13:43:18] rapidtrades : but i see ur point man
[2016-06-12 13:43:45] sleger : rapidtrades: no you dont, the premium went from +10 to -2$
[2016-06-12 13:43:53] sleger : because of just announcing the change
[2016-06-12 13:44:08] rapidtrades : i think some of that was due to DPE tho...
[2016-06-12 13:44:10] sleger : i was long 800 - 1000btc, that cost me 10k$
[2016-06-12 13:44:28] sleger : dpe comes on top of that, but dpe was part of the contract I agreed to get in, so im ok with that
[2016-06-12 13:44:43] podizzle3k : can we get a tear bucket for sleger
[2016-06-12 13:44:48] podizzle3k : anyone?
[2016-06-12 13:44:55] justinlooking : haha
[2016-06-12 13:44:56] rapidtrades : no i meant premium was depressed because it doesn't make sense to long beyond a certian point
[2016-06-12 13:45:01] rapidtrades : until things clear up
[2016-06-12 13:45:27] rapidtrades : we've seen this behavior before during DPE
[2016-06-12 13:45:39] kogroken : It would probably be seen as fairer if the cost of longs was calculated by some predictable algorithm instead of being changed by decree of the exchange operators when the market situation chnages.
[2016-06-12 13:46:02] sleger : podizzle3k: i dont need a tear bucket, but think if you want to trade on an exchange that does this. I dont
[2016-06-12 13:46:14] rapidtrades : i do agree that the fee changes added to the loss of premium tho...and it wasn't properly done with enough time @sleger
[2016-06-12 13:46:24] messiaen8844 : sledger: are you leaving bitmex?
[2016-06-12 13:47:26] stf28 : yes, even stock markets have circuit-breaker simpler and more effective than here
[2016-06-12 13:48:01] rapidtrades : u can't have a circuit breaker on a decentralized market u dummy
[2016-06-12 13:48:15] podizzle3k : what change was made to fees
[2016-06-12 13:48:28] stf28 : this exchange isn't decentralized as I know
[2016-06-12 13:48:30] rapidtrades : podizzle3k: longs will now pay some of the premium
[2016-06-12 13:48:40] justinlooking : rapid: wtf u talking about
[2016-06-12 13:48:58] rapidtrades : justinlooking: what's not clear
[2016-06-12 13:49:13] justinlooking : 14:48 - rapidtrades: u can't have a circuit breaker on a decentralized market u dummy
[2016-06-12 13:49:17] justinlooking : why not?
[2016-06-12 13:49:21] rapidtrades : a cicuit breaker here will not stop the fomo on china for example
[2016-06-12 13:49:25] wurstgelee : extreme btc moves and dpe whining. u cant have only one :D
[2016-06-12 13:49:28] rapidtrades : or on finex
[2016-06-12 13:49:45] stf28 : no of course, but there isn't enough shorters
[2016-06-12 13:49:50] podizzle3k : some other change was made wurstgelee
[2016-06-12 13:49:58] podizzle3k : something that affected the premium
[2016-06-12 13:50:12] wurstgelee : thats been weeks ago?
[2016-06-12 13:50:22] rapidtrades : again i think a large part of that is DPE but guess we'll see if that clears up
[2016-06-12 13:50:25] podizzle3k : dunno sleger is crying like it just happened
[2016-06-12 13:50:26] krach : CFDs dont have DPE
[2016-06-12 13:50:26] wurstgelee : funding each 8h instead of daily
[2016-06-12 13:50:31] krach : so much eaiser
[2016-06-12 13:50:32] wurstgelee : that?
[2016-06-12 13:50:35] sleger : podizzle3k: it just happened dummy
[2016-06-12 13:50:48] j8 : basically, the premium from the previous 8 hours becomes the funding rate for the next 8 hours
[2016-06-12 13:50:49] rapidtrades : yeah it was fairly short notice
[2016-06-12 13:50:49] wurstgelee : if not...i really cba to care atm
[2016-06-12 13:51:07] wurstgelee : why care about fees currently? i would understand that if the market was flat....
[2016-06-12 13:51:08] wurstgelee : ;)
[2016-06-12 13:51:33] aethlios : so huge dpe order
[2016-06-12 13:51:44] rapidtrades : well he traded a large position so its a lot of money @wurstgelee
[2016-06-12 13:51:47] wurstgelee : dpe is down to 7%
[2016-06-12 13:51:52] wurstgelee : so why all the whining?
[2016-06-12 13:52:10] wurstgelee : even if its a large position....
[2016-06-12 13:52:16] wurstgelee : 6.5
[2016-06-12 13:52:16] hello : anybody know idni Agoras??
[2016-06-12 13:52:43] aethlios : possible correction 10-15 usd now, so the order will clear I hope.
[2016-06-12 13:52:44] sam : 0.4297%*3*1000btc position
[2016-06-12 13:52:54] futuretrader : how come bitmex took 0.014btc from my account on a trade i didnt make a loss on
[2016-06-12 13:52:56] ayy_lmao : dpe will keep going up if price rises
[2016-06-12 13:53:01] sam : 0.4297% times 3 of a 1000btc position
[2016-06-12 13:53:04] sam : fk that
[2016-06-12 13:53:07] rapidtrades : futuretrader: DPE
[2016-06-12 13:53:12] sam : poor sleger
[2016-06-12 13:54:37] futuretrader : this site is very confuisng
[2016-06-12 13:54:53] rapidtrades : futuretrader: u know what clawbacks are futures trader
[2016-06-12 13:54:55] hello : futuretrader: yes
[2016-06-12 13:55:39] sleger : wurstgelee: because the premium went from 10$ to -2$, so whatever the size of the position it matters
[2016-06-12 13:55:48] futuretrader : any other site that lets you margin btc
[2016-06-12 13:55:57] wurstgelee : oh that. yes
[2016-06-12 13:55:58] aethlios : volume 12.5K, we are in the right path.
[2016-06-12 13:56:06] wurstgelee : annoying indeed
[2016-06-12 13:56:06] rapidtrades : futuretrader: yeah okc
[2016-06-12 13:56:22] sleger : thats the only thing im complaining about
[2016-06-12 13:56:22] rapidtrades : bitfinex etc
[2016-06-12 13:56:26] rapidtrades : good that shit
[2016-06-12 13:56:32] rapidtrades : google*
[2016-06-12 13:56:48] aethlios : sleger: I think premium is down because of dpe, noone wants to buy now, when dpe order clears the premium will return.
[2016-06-12 13:57:06] rapidtrades : yes, major part is DPE imo
[2016-06-12 13:57:23] wurstgelee : do ur part... sell into it now
[2016-06-12 13:57:25] wurstgelee : :D :D :D
[2016-06-12 13:57:33] rapidtrades : because 0.4% is a lot but not when bitcoin goes up $80
[2016-06-12 13:57:35] zanza : do you civil duty
[2016-06-12 13:58:12] hello : anybody know when the ether will coming up?
[2016-06-12 13:58:15] zanza : rapidtrades: have you ever traded Bitcoin with a forex broker CFD?
[2016-06-12 13:58:27] rapidtrades : no
[2016-06-12 13:58:30] zanza : ETH = dead coin
[2016-06-12 13:58:44] sleger : aethlios: premium was 15+$ hours ago when there was already dpe but before bitmex talked about the change in the chat
[2016-06-12 13:58:50] rapidtrades : bitcoin CFDs have liquidity issues
[2016-06-12 13:58:59] hello : zanza: i buyed ether at 8 and now is in 14, I dont believe is dead
[2016-06-12 13:59:37] rapidtrades : sleger: cmon...u didn't rly buy at 15
[2016-06-12 13:59:46] rapidtrades : prolly bought <5
[2016-06-12 13:59:52] sleger : at 10, but im explaining that has nothing to do with dpe
[2016-06-12 14:00:28] rapidtrades : we've seen this behavior before tho....like price depressed by $20 before daily DPE hits
[2016-06-12 14:00:29] hello : now I put all my investment with TAU CHAIN with his IDNI Agoras, big proyect
[2016-06-12 14:01:11] ayy_lmao : 10 contract spam
[2016-06-12 14:01:22] rapidtrades : DPE can have a huge impact
[2016-06-12 14:01:35] podizzle3k : The BitMEX .XBTUSDPI8H Index is a 8-hour TWAP of the Bitcoin lending rate at BitMEX ending at 12:00 UTC from the .XBTUSDPI Index. These values are used for funding rates and are provided 8-hour in advance.
[2016-06-12 14:01:39] In_shallah : hi there, how do i sell 1btc with 50x leverage? how can i put the sell price?
[2016-06-12 14:01:40] podizzle3k : so is that not accurate anymore
[2016-06-12 14:01:49] rapidtrades : and with how hard ppl fomo around here, i doubt a 0.4% fee stopped them to long on a dai when BTC is up $70
[2016-06-12 14:01:53] sleger : rapidtrades: we'll see what the chat looks like when bitmex makes an unnannounced change that costs you money
[2016-06-12 14:02:13] rapidtrades : sleger: i didn't say the change is god
[2016-06-12 14:02:14] zanza : what change sleger ?
[2016-06-12 14:02:16] rapidtrades : good
[2016-06-12 14:02:20] rapidtrades : never said that
[2016-06-12 14:02:27] zanza : the interest change?
[2016-06-12 14:02:30] sleger : zanza: premium manipulation with new fee
[2016-06-12 14:02:54] zanza : seems pretty straight forward, they are just making the actual interest
[2016-06-12 14:03:05] zanza : between USD and Bitcoin
[2016-06-12 14:03:26] zanza : the premium yesterday was very high over spot
[2016-06-12 14:03:37] zanza : because the interest was artifically low
[2016-06-12 14:03:39] sleger : zanza: nobody asked you to explain the obvious
[2016-06-12 14:03:49] zanza : "manipulation "
[2016-06-12 14:03:53] aethlios : those span orders should stop
[2016-06-12 14:04:19] zanza : they just changed it to a more fair system it looks like
[2016-06-12 14:04:46] sleger : except for those who traded a product by buying that 10$ premium and not expecting the terms of the product to change
[2016-06-12 14:04:58] sleger : if it were a new product i'll be totally ok with it
[2016-06-12 14:05:19] rapidtrades : but even in normal times a $10 premium will not last
[2016-06-12 14:05:26] j8 : the terms also say it never expires
[2016-06-12 14:05:49] sq : guys think this is it? the pump
[2016-06-12 14:06:00] sleger : but some admin said if they wanted to close it they'd give a couple weeks notice at least
[2016-06-12 14:06:13] sam : might as well trade CFDs with a broker if you wanna go long
[2016-06-12 14:06:22] sam : 0.1% interest premium tops
[2016-06-12 14:06:29] sam : its fuckin' 1.3% atm
[2016-06-12 14:07:07] rapidtrades : sleger: yeah it was very short notice
[2016-06-12 14:08:37] REKT : Liquidated short on `XBTUSD`: Buy 480216 @ 648.08 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-06-12 14:09:00] rapidtrades : same one, don't panic :)
[2016-06-12 14:09:26] BitMEX_Sam : DPE down to 0
[2016-06-12 14:09:53] justinlooking : Sam??
[2016-06-12 14:09:53] nickhnt : wtf
[2016-06-12 14:09:58] nickhnt : 480k