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<< >> English 中文 Русский 한국어 日本語 Español Français [2015-08-13 15:10:43] goat : I have been operating as if im in college recently [2015-08-13 15:10:55] goat : staying up until like 6-8am doing work/trading [2015-08-13 15:11:01] BitMEX_Arthur : lol [2015-08-13 15:11:13] goat : Yeah, its terrible [2015-08-13 15:11:23] goat : and like 18+ hour days lol [2015-08-13 15:11:30] BitMEX_Arthur : goat: Have you been trading Ether at all? [2015-08-13 15:11:44] goat : i shorted a little bit with futures (here) out of the gate, thats it for now [2015-08-13 15:11:58] goat : no reason to trade it imo, too many variables [2015-08-13 15:12:19] goat : i have a friend who bought a LOT during the ipo and forgot his wallet password [2015-08-13 15:12:32] BitMEX_Arthur : ouch [2015-08-13 15:12:37] goat : im going to help him with this brute force python script [2015-08-13 15:12:53] BitMEX_Arthur : he should sell some `ETH7D` to lock in his profit [2015-08-13 15:13:01] goat : yeah i know man i have been telling him that [2015-08-13 15:13:08] goat : i told him on day 1 to short the shit out of i t here [2015-08-13 15:13:14] goat : then slowly sell some of his [2015-08-13 15:14:09] goat : who knows, its just hilarious because he is actually one of the smartest people i know and works a decent position in the traditional finance world [2015-08-13 15:14:19] goat : and everything he has ever done crypto has gone horribly wrong in a sense [2015-08-13 15:14:44] goat : i told him to buy btc forever ago and he bot a ton of them below 100, then sold at exactly 200 figuring he more than doubled his money [2015-08-13 15:14:53] goat : then called me when they were over 1k and said he wanted to kill himself lol [2015-08-13 15:15:20] goat : then he bought a large amount of ether in the first presale and cant figure out his password lol [2015-08-13 15:17:50] goat : BitMEX_Arthur: yo actually i wanted to ask you this bc you probably know [2015-08-13 15:18:06] goat : whats the difference between CNY and CNY, one is onshore one is off? [2015-08-13 15:18:12] BitMEX_Arthur : CNY is onshore [2015-08-13 15:18:15] BitMEX_Arthur : CNH is offshore [2015-08-13 15:18:35] BitMEX_Arthur : The PBOC sets the onshore fixing at 9:15am Beijing time daily [2015-08-13 15:19:03] goat : Ok cool, and its restricted to a 2% trading band? correct? [2015-08-13 15:19:11] BitMEX_Arthur : yes [2015-08-13 15:19:16] goat : which is determined from that fixing rate daily? [2015-08-13 15:19:33] BitMEX_Arthur : well it just changed it's more supply and demand focused [2015-08-13 15:19:42] BitMEX_Arthur : basically the PBOC has given up proping up the CNY [2015-08-13 15:20:00] BitMEX_Arthur : the market forces dictate that CNY should weaken, they have been keeping it strong for the last little while [2015-08-13 15:20:15] BitMEX_Arthur : the thinking goes ,now that SDR decision has been delayed until next year [2015-08-13 15:20:23] goat : yeah, i was reading the tweets yesterday [2015-08-13 15:20:31] BitMEX_Arthur : PBOC can stop propping it up, and let it weaken [2015-08-13 15:20:37] BitMEX_Arthur : solves a bunch of problems for them [2015-08-13 15:20:39] goat : yeah, agreed [2015-08-13 15:20:48] goat : im just trying to figure out the best strategy for trading this [2015-08-13 15:21:07] goat : i would expect onshore to lead offshore [2015-08-13 15:21:09] goat : but im charting it now [2015-08-13 15:23:02] goat : if we really "see a 10% devaluation", were like 1/3 of the way there... [2015-08-13 15:24:31] goat : https://www.tradingview.com/x/GHUlTQsF/ [2015-08-13 15:25:47] goat : thick red line is the fixed onshore rate [2015-08-13 15:27:00] goat : And another question that i actually have had for years now, is it the same difference between RUR and RUB? [2015-08-13 15:27:05] goat : onshore/offshore? [2015-08-13 15:27:12] BitMEX_Arthur : no idea about Russia lol [2015-08-13 15:27:15] BitMEX_Arthur : never traded that [2015-08-13 15:27:22] BitMEX_Arthur : i did trade shit tons of CNY and CNH tho [2015-08-13 15:27:23] goat : yeah i just always wondered that [2015-08-13 15:27:32] goat : haha so my chart means nothing to do lol [2015-08-13 15:27:34] goat : to you [2015-08-13 15:27:51] BitMEX_Arthur : lol [2015-08-13 15:30:24] goat : im writing my own shitlicense [2015-08-13 15:30:27] goat : i bought shitlicense.com [2015-08-13 15:32:04] goat : or i might github it and have the community help [2015-08-13 15:34:55] chrisxbt : wow that eth pump [2015-08-13 15:35:32] BitMEX_Arthur : can't stop, won't stop [2015-08-13 15:36:14] chrisxbt : Have you considered adding polo to the index on friday? [2015-08-13 15:36:28] BitMEX_Arthur : We are going to switch to polo on friday [2015-08-13 15:37:32] BitMEX_Arthur : after settlement [2015-08-13 15:40:37] goat : holy crap lol its stil going [2015-08-13 15:41:43] goat : and almost at parity with XCP [2015-08-13 15:42:27] goat : and there are 72m eth and 2m xcp [2015-08-13 15:50:37] BitMEX_Arthur : Ether has infinite inflation [2015-08-13 15:50:41] BitMEX_Arthur : going to be a fun alt to trade [2015-08-13 15:50:50] BitMEX_Arthur : the trading volumes are very impressive [2015-08-13 15:55:31] goat : yeah polo made over 8 btc in commissions today [2015-08-13 15:58:23] goat : or probably double that actually [2015-08-13 15:58:29] goat : bc they make commissions on both sides of the trade [2015-08-13 15:58:43] BitMEX_Arthur : yep [2015-08-13 16:01:46] lolcookie : wow 565 [2015-08-13 16:02:01] gustavo7 : now in full fomo mode [2015-08-13 16:02:09] gustavo7 : eff meee [2015-08-13 16:02:35] lolcookie : i did 484 ->550 [2015-08-13 16:03:10] lolcookie : this is my last exchange [2015-08-13 16:03:31] lolcookie : bitcoin has slain me in the past [2015-08-13 16:11:00] goat : wow serious eth pump on polo [2015-08-13 16:11:13] goat : had a chance to buy a few futures at the top here, then market maker reset lol :( [2015-08-13 16:11:17] BitMEX_Sam : Polo is 0.2% comms right? [2015-08-13 16:11:33] BitMEX_Arthur : Yeah [2015-08-13 16:11:38] BitMEX_Sam : So yeah, about 16 XBT yest in comms, not bad [2015-08-13 16:12:53] gustavo7 : typical altcoin p&d [2015-08-13 16:20:23] gustavo7 : huh, now my old position closed with a canceled order? [2015-08-13 16:23:15] gustavo7 : can some admin check my previous ETH7D position? [2015-08-13 16:23:34] BitMEX_Sam : Sure, we'll take a look - what's the issue? [2015-08-13 16:24:27] gustavo7 : well it vanished from "Open Positions" after i canceled my exit. It's not in "Closed Position" and there is no trace in "All Orders" [2015-08-13 16:24:53] BitMEX_Sam : Check your email - you may have a notice [2015-08-13 16:27:11] gustavo7 : ok is liqidated [2015-08-13 16:27:50] gustavo7 : but where it hit 620+? which number actually liquidates fair price or last price? [2015-08-13 16:28:24] gustavo7 : mark price? [2015-08-13 16:35:03] lolcookie : 14 hours til okcoin settlement [2015-08-13 16:35:57] gustavo7 : lol so MP was higher than FP, LP, Index... real nice, lucky me [2015-08-13 16:37:33] lolcookie : were you the 150@609? [2015-08-13 16:39:30] gustavo7 : nope much less volume s it's not that bad [2015-08-13 16:56:12] BitMEX_Wally : gustavo7: Futures are liquidated based on the markPrice, which for `ETH7D` is the fairPrice, i.e. the last traded price on Kraken [2015-08-13 16:56:58] BitMEX_Wally : The price on Kraken reached 0.00624 at 16:16 GMT [2015-08-13 17:13:08] gustavo7 : ok then, i was recognizing what liqidation meant, i assumed when i isolate i get an actual order [2015-08-13 17:13:20] gustavo7 : i should have just read [2015-08-13 17:13:39] gustavo7 : but seriously when there will be stop orders? :) [2015-08-13 17:13:58] cengel : it was supposed to be monday but now i think its Soon (TM) [2015-08-13 17:16:06] gustavo7 : as always thanks wally [2015-08-13 17:24:24] coinprophet : folks remove your sell orders [2015-08-13 17:24:57] coinprophet : on ETH [2015-08-13 17:25:12] GAmma : big sell wall there [2015-08-13 17:25:21] GAmma : I'm short from much lower ... lol [2015-08-13 17:27:39] coinprophet : ETH $100M market cap [2015-08-13 17:27:45] goat : looks like eth is going to do a ltc pump and dump, gonna try to short the top again [2015-08-13 17:27:58] goat : whenever that is, and its probably higher [2015-08-13 17:28:57] coinprophet : 1600k btc support on polo [2015-08-13 17:30:04] goat : yeah pump walls [2015-08-13 18:33:22] coinprophet : .007!!! [2015-08-13 19:32:56] BitMEX_Sam : Down we go [2015-08-13 19:40:10] splash : yea [2015-08-13 19:41:09] splash : do you have any plans for updating the profit loss calculator? [2015-08-13 19:43:25] splash : BitMEX_Sam: one thing I would really really like is if the Open Orders matrix had a field that said IF the orders were filled, the liquidation price would be X [2015-08-13 19:43:51] BitMEX_Sam : splash: What are you looking for in the calculator? [2015-08-13 19:44:16] BitMEX_Sam : splash: I'll ask Wally about an indicative liquidation price, I agree that could be useful [2015-08-13 19:44:29] BitMEX_Sam : If you're using isolated margin it should be relatively simple math [2015-08-13 19:44:57] splash : yea, it doesn't have to be exactly right, but something that would be hinting at where you're going [2015-08-13 19:46:08] splash : i usually enter many different orders manually, withdraw and add and change my mind as the patterns develops on the chart. keeping track of liquidation price and especially for all the orders in aggreage is really hard. [2015-08-13 19:47:11] BitMEX_Sam : Right. There are some complications as obviously the calculation would need to take into account your current position - but we already do this calculation on the backend [2015-08-13 19:47:24] BitMEX_Sam : You'll notice it if you ever have gotten an "executing at this price would put account into liquidation" rejection [2015-08-13 19:47:35] BitMEX_Sam : I'll prod Wally to see if we can expose that. [2015-08-13 19:47:43] splash : that sounds _Very_ good [2015-08-13 19:48:58] splash : BitMEX_Sam: about the existing calc,I think you could benefit from copying the best features of the OKCOIN calculator and then improve on it. [2015-08-13 19:49:18] splash : now Im all critical and stuff, but honestly I _really_ like the site. [2015-08-13 19:49:35] BitMEX_Sam : Constructive criticism is always appreciated, not hurting anyone's feelings, this is a business :) [2015-08-13 19:49:42] splash : great :) [2015-08-13 19:50:06] BitMEX_Sam : You're right, OKC calculator is quite nice. I'll take a good look at it [2015-08-13 19:50:09] splash : I guess your a developer too. Nothing wrong with getting a little appraise too right ;-) [2015-08-13 19:51:37] BitMEX_Sam : Yep of course. [2015-08-13 19:51:44] BitMEX_Sam : By the way, if you're in a constructive criticism kind of mood, [2015-08-13 19:51:52] BitMEX_Sam : How do you like the visual changes at https://testnet.bitmex.com/app/trade/XBT7D [2015-08-13 19:52:14] BitMEX_Sam : Pretty minor, but I'm trying to make the site look a bit more like an application and clean up the lines [2015-08-13 20:12:32] GAmma : In the new version the top panel 'Bitmex Trading Dashboard' is white, same as windows [2015-08-13 20:13:04] BitMEX_Sam : Yeah, been thinking about improving contrast there [2015-08-13 20:13:08] GAmma : I like the windows white with everything else darker, 'cause my eyes are drawn to the lighter parts of the page [2015-08-13 20:13:39] GAmma : so for that aspect I like the current layout [2015-08-13 20:14:18] GAmma : also see the spreads are available in the new one ... interesting [2015-08-13 20:14:36] GAmma : other than those two changes, nothing else leaped out at me ... [2015-08-13 20:15:43] BitMEX_Sam : The spreads? [2015-08-13 20:17:56] GAmma : I think XBT you have calendar spreads listed? Aug-Sep '15 and Aug-Dec '15 .... in the new version [2015-08-13 20:19:27] BitMEX_Sam : Ah, right [2015-08-13 20:19:47] BitMEX_Sam : There's an XBU spread on the live site but we don't have any XBT spreads active [2015-08-13 20:19:57] BitMEX_Sam : It needs a usability overhaul, most people don't understand cal spreads [2015-08-13 20:23:22] gustavo7 : wat? [2015-08-13 20:23:57] gustavo7 : oh just saw a large candle on poloniex, their chart updates weirdly [2015-08-13 20:24:47] GAmma : I have a token short at .0037 [2015-08-13 20:24:49] GAmma : lol [2015-08-13 20:25:25] gustavo7 : doesn't that leverage to quite a loss? [2015-08-13 20:25:34] GAmma : gonnna pile on the short side, just as soon as it tops ... lol [2015-08-13 20:26:52] GAmma : loss right now is 1.5% of my balance. Token position ... [2015-08-13 20:26:53] gustavo7 : i dunno could go even more exponential [2015-08-13 20:27:51] GAmma : I take it you are long, haha. Do you have a target? [2015-08-13 20:28:10] gustavo7 : no currently out, gonna short too [2015-08-13 20:31:09] TrevinHofmann : So, everyone is going to short? [2015-08-13 20:31:22] TrevinHofmann : Sounds like a good time to short :P [2015-08-13 20:32:27] BitMEX_Sam : TrevinHofmann: Are you in Milwaukee tonight? [2015-08-13 20:33:55] TrevinHofmann : No, San Jose all summer [2015-08-13 20:33:59] TrevinHofmann : Interning [2015-08-13 20:34:14] BitMEX_Sam : Ah. Usual BTC meetup at Hudson tonight [2015-08-13 20:34:19] BitMEX_Sam : Where are you interning? [2015-08-13 20:34:42] TrevinHofmann : You're in MKE? [2015-08-13 20:34:54] TrevinHofmann : PayPal, ironically :| [2015-08-13 20:35:04] BitMEX_Sam : Yep, moved to MKE about 3mo ago. [2015-08-13 20:35:17] TrevinHofmann : Oh, nice! I'll be back in early September for school [2015-08-13 20:35:31] TrevinHofmann : Makes me sad when I can't accept all the MKE meetup invites [2015-08-13 20:35:43] BitMEX_Sam : The Bitcoin one has really died out in volume, but we had some newcomers last week [2015-08-13 20:36:36] TrevinHofmann : Ah, it seemed like it's been consistently slowing down since $1200 [2015-08-13 20:37:17] BitMEX_Sam : Hah yeah. That'll do it [2015-08-13 20:38:00] BitMEX_Sam : GAmma: If you're still online, see if you like the testnet header change [2015-08-13 20:39:33] BitMEX_Sam : Wow. Poloniex up to 8k BTC traded, 87% ETH [2015-08-13 20:40:01] BitMEX_Sam : ETH is also 51% of Kraken [2015-08-13 20:40:57] BitMEX_Sam : Aside from Bitstamp, that makes them the top 2 non-Asian exchanges, carried almost entirely by ETH [2015-08-13 20:41:44] cowtung : hello [2015-08-13 20:41:48] cowtung : I'm new to futures [2015-08-13 20:42:05] cowtung : I'm messing around on the testnet [2015-08-13 20:42:11] cowtung : eth futures [2015-08-13 20:42:42] cowtung : the futures price is 0.01733. but actual price is 0.007. which one triggers liquidation? [2015-08-13 20:42:56] BitMEX_Sam : Hey cowtung - actual price, what we call "Mark Price" [2015-08-13 20:43:19] cowtung : So I won't get liquidated until kraken goes up past 0.018? [2015-08-13 20:43:29] BitMEX_Sam : If 0.018 is your liquidation price, yes [2015-08-13 20:43:58] BitMEX_Sam : This prevents traders from causing margin calls all over an illiquid market [2015-08-13 20:44:14] cowtung : and if i'm holding a short marked at 0.014, but the actual price is 0.010 tomorrow, I get coins in my wallet? [2015-08-13 20:44:48] cowtung : even if the futures price is 0.017? [2015-08-13 20:44:55] BitMEX_Sam : If you bought the short at 0.014, then yeah. [2015-08-13 20:44:58] GAmma : honestly I like the original one. maybe cuz I'm used to it, or just prefer/like the subtle color contrast [2015-08-13 20:44:59] BitMEX_Sam : The future will settle on the mark price. [2015-08-13 20:45:57] BitMEX_Sam : Testnet sometimes has wild price swings - the real market is of course trading much lower. [2015-08-13 20:46:00] j8 : cowtung: i put some reasonable orders for you [2015-08-13 20:46:26] cowtung : oh nice, lol [2015-08-13 20:46:46] cowtung : I was all excited that my testnet account was gonna get rich off that short [2015-08-13 20:46:50] cowtung : was shorting harder [2015-08-13 20:46:57] cowtung : but I guess being reasonable is fine too [2015-08-13 20:47:49] BitMEX_Wally : cowtung: We are currently using the Poloniex price to feed `.ETHXBT` on testnet, whereas prod uses Kraken [2015-08-13 20:48:08] BitMEX_Wally : cowtung: Sorry for the confusion, we're thinking of switching the reference exchange after `ETH7D` settles [2015-08-13 20:48:36] cowtung : reference exchange is poloniex? [2015-08-13 20:48:44] BitMEX_Wally : On testnet [2015-08-13 20:48:49] cowtung : ah, I see [2015-08-13 20:49:09] BitMEX_Wally : In the advanced view you can see the Indices tab of the Instrument widget [2015-08-13 20:49:28] BitMEX_Wally : That tells you the reference exchange and symbol for each index [2015-08-13 20:50:40] cowtung : poloniex will be more volatile, no? why switch? [2015-08-13 20:51:15] j8 : wherever the volume is, is the best index [2015-08-13 20:51:22] uiop : seems like using a weighted combo of both would make it harder to manipulate [2015-08-13 20:51:36] uiop : but maybe that's not a worry [2015-08-13 20:51:50] BitMEX_Wally : We take a 2 hour TWAP price for settlement [2015-08-13 20:52:04] BitMEX_Wally : So it's hard to manipulate [2015-08-13 20:52:26] uiop : yeah, wasn't sure if the 2hr avg made 1 enough [2015-08-13 20:52:49] uiop : as in you just convinced me ;) [2015-08-13 20:53:33] BitMEX_Wally : j8: Agreed, we'll pick the reference exchange with the most volume [2015-08-13 20:53:58] j8 : poloniex api is better anyways. [2015-08-13 20:54:33] TrevinHofmann : I noticed from mark price that you've been using Kraken [2015-08-13 20:54:34] j8 : although, their websocket is giving me trouble. [2015-08-13 20:54:56] TrevinHofmann : Is the reference exchange listed somewhere? I couldn't find it in the contract info. [2015-08-13 20:55:04] BitMEX_Wally : Yeah it's on the Indices tab [2015-08-13 20:55:08] BitMEX_Wally : Go to advance view [2015-08-13 20:55:16] BitMEX_Wally : .ETHXBT 0.00682 KRAK XETHXXBT [2015-08-13 20:55:32] BitMEX_Sam : I'm working on putting that into the index description pages as we speak [2015-08-13 20:55:35] BitMEX_Wally : :) [2015-08-13 20:55:49] BitMEX_Wally : The documentation used to be hard coded to say "Bitfinex" because we only did Bitcoin futures [2015-08-13 20:56:07] BitMEX_Sam : I'm making based off the actual data so it can't get out of date if we switch references. [2015-08-13 20:56:31] j8 : actually, the series guide for `ETH` gives a 404 [2015-08-13 20:57:14] BitMEX_Sam : Ah thanks. [2015-08-13 21:02:28] ksinvest : understand why you need some flexibility, but would be great if you could make the reference price part of the contract, at least terms how you can change it for active contracts. [2015-08-13 21:04:20] BitMEX_Wally : ksinvest: Yes, we won't switch the reference price without notifying people [2015-08-13 21:05:38] ksinvest : if i understand correctly, <code>fair basis</code> and <code>limit</code> are as well not part of the contract and can just be changed whenever you want. more legal certainty -> less risk -> more liquidity [2015-08-13 21:06:41] ksinvest : best would be to set some rules for e.g. how long in advance you are notifying people [2015-08-13 21:08:08] BitMEX_Wally : Good idea [2015-08-13 21:08:13] BitMEX_Wally : I' ve got to head off now, we'll discuss internally [2015-08-13 21:08:58] ksinvest : thanks [2015-08-13 21:09:23] BitMEX_Sam : In general we're very aware of how disruptive a change like switching the ref exchange would be, we wouldn't do it without notifying users - but I agree it makes sense to codify that in the contract itself [2015-08-13 21:09:38] BitMEX_Sam : When the guys are up in HK we'll talk about it more as Wally said [2015-08-13 21:31:52] gustavo7 : ETH poloniex trend broken imho, ripe for shorting [2015-08-13 21:32:33] cengel : what browser is recommended here again? [2015-08-13 21:38:44] BitMEX_Sam : cengel: Anything modern, we do most of our testing with Chrome/Safari [2015-08-13 21:38:52] BitMEX_Sam : I'm aware there is a minor visual bug in FF right now [2015-08-13 21:50:57] gustavo7 : the white text in order inputs bug? i got that again lol [2015-08-13 21:57:33] TrevinHofmann : Just noticed profit adjustment is in effect for ETH. Not surprising given the swing. [2015-08-13 22:04:43] gustavo7 : correction not ripe, has made a nice turn and now is building up. this ain't no bear flag [2015-08-13 22:30:01] GAmma : what about loss adjustment for eth? [2015-08-13 22:30:14] GAmma : lol ... I need a 'loss adjustment' [2015-08-13 22:32:34] uiop : the etherbunny thanks u [2015-08-13 22:43:56] ksinvest : who originally invented DPE? the only book i found with these keywords is called "Marxist Economic Theory" :) http://imgur.com/el6IhOy [2015-08-13 22:46:04] gustavo7 : harhar [2015-08-13 23:06:13] Swedishnut : Ether is really taking off on its own. Glad to see [2015-08-13 23:41:03] BitMEX_Arthur : Ether is ripping [2015-08-14 00:19:53] goat : recent trades for XLT aren't updating [2015-08-14 00:19:57] goat : after i placed one [2015-08-14 00:22:00] goat : refreshed and it shows [2015-08-14 00:23:30] cowtung : is there any way to do stops? [2015-08-14 00:23:50] cowtung : or do I have to roll my own script and use the API? [2015-08-14 00:32:10] ksinvest : cowtung: no stop orders yet [2015-08-14 00:33:23] ksinvest : reliability of stops anyway depend much on liquidity [2015-08-14 00:33:32] j8 : i think sam said earlier they are exposed in the api. [2015-08-14 00:35:10] ksinvest : j8: thanks. <code>Order type. Available: 'limit', 'stopLimit'</code> [2015-08-14 00:35:19] ksinvest : https://www.bitmex.com/api/explorer/#!/order/newOrder [2015-08-14 00:35:33] cowtung : well, I was thinking more along the lines of trail stops, so reliability wouldn't matter too much, if I was in profit and just trying to protect profit, vs. protect against liquidation [2015-08-14 00:37:44] cowtung : having a bot moving stops up is preferable to having the bot try to enact the stop trades itself when high volume could cause lag. so good to know you have stops in your api [2015-08-14 00:41:56] ksinvest : cowtung: moving stops make sense. great to have it as api feature now. [2015-08-14 00:47:23] ksinvest : there are market structural disadvantages (depending on how the order engine exactly executes stops) could give you (a mm bot) the possibility of "queue jumping" [2015-08-14 00:52:53] j8 : you could get ahead of someone at a better price, but i don't see how it could put you ahead of someone at the same price [2015-08-14 00:54:38] j8 : i think i see what you're saying, if our spreads were 1 tick wide [2015-08-14 00:54:52] ksinvest : j8: because you might be the first in the queue who quotes at this price, your order comes directly from inside the engine, everybody else has min latency of co-located AWS [2015-08-14 00:58:44] j8 : spreads would need to be only a few ticks wide for that to be effective though, no? [2015-08-14 00:59:05] BitMEX_Sam : Would have to ask Wally how that works to be 100% sure (I think he's still asleep,HKT), but all orders should be entering into the same queue [2015-08-14 00:59:07] ksinvest : j8: yes, only matters in HFT terms. but this will be very important for Bitcoin liquidity. ROE for liquidity provision is insane now because of the high uncertainty. [2015-08-14 00:59:14] BitMEX_Sam : So stops & limit orders would be processed in the order they were received [2015-08-14 01:00:14] ksinvest : tight spreads on many other exchanges are "fake" because big market maker get other (hidden) insurance/advantages [2015-08-14 01:00:46] ksinvest : on any exchanges with constantly tight spreads... [2015-08-14 01:00:52] BitMEX_Sam : Unfortunately, from users' point of view, fake or not, it's liquidity [2015-08-14 01:01:51] ksinvest : it's even good for speculators if there's a lot of fake liquidity because it leads to volatility [2015-08-14 01:05:56] ksinvest : also good for people with arb strategies, but more people will come in the market, and it will evolve and become less volatile anyway - online matter of time [2015-08-14 01:06:40] ksinvest : only question is which exchange has the best market structure the drive (and profit from) this evolution. i have a bet ;) [2015-08-14 01:07:15] ksinvest : *only* matter of time [2015-08-14 01:07:35] ksinvest : *to* drive - sorry [2015-08-14 01:23:57] ksinvest : one poker player gets 50% of the rake on your table (subsidizing liquidity) - would you like to play on this table? [2015-08-14 01:35:42] ssa3512 : ksinvest: same player every time or random or round robin? [2015-08-14 01:36:52] ksinvest : a small group of players who have contracts with the casino. [2015-08-14 01:39:22] ksinvest : and other casinos (BitMEX) will only charge you 50-70% of the (hidden) fees, where do you go? [2015-08-14 01:40:31] GAmma : you go where you can make money ... [2015-08-14 01:40:54] GAmma : who has what contract is beside the point [2015-08-14 01:42:12] GAmma : 'house' players tend to play very predictable, so easy to beat [2015-08-14 01:42:54] GAmma : I love cornering a bot, that just rebuys and rebuys ... because they are transparent [2015-08-14 01:43:09] GAmma : at the poker table I mean ... [2015-08-14 01:43:26] ksinvest : GAmma: you will always need a small group of players to start a place, but you never should depend on the liquidity of only a few big players as an exchange, or big market makers run the exchange. [2015-08-14 01:44:10] ksinvest : GAmma: at the big poker places (human) house players ran the place [2015-08-14 01:45:24] GAmma : yes, exchange & poker is not a perfect analogy ... [2015-08-14 01:45:41] ksinvest : if you only provide 25% of the liquidity you can change the rules of the exchange, just ask the owners [2015-08-14 01:46:46] GAmma : yeah, but you can only do it once. [2015-08-14 01:47:42] GAmma : I get ur point, not arguing ... [2015-08-14 01:47:43] ksinvest : "i'd like a fancy sort of order type for queue jumping to transfer some more transactions costs on your retail customers, you'll get even tighter spreads and more retail customers" [2015-08-14 01:50:50] miratrader : sounds like 100% of FX market [2015-08-14 01:51:32] ksinvest : between 99.9 and 100 :) [2015-08-14 01:54:10] ksinvest : you have even payment for misinformed customer order flow on traditional markets. you'll pay the casino to only play with the drunk players. [2015-08-14 01:58:05] miratrader : BitMEX_Sam: Ctrl+C/Ctrl+V works for copy/paste but Ctrl+Ins/Shift+Ins doesn't. It works everywhere else, it's a standard on Windows. [2015-08-14 02:06:24] miratrader : Looks like a bug in the API, trade size is always 0: https://www.bitmex.com/api/v1/trade?symbol=.ETHXBT&startTime=2015-08-12 [2015-08-14 02:07:53] miratrader : and side is always Buy but I'm sure there were some Sell trades [2015-08-14 03:55:38] BitMEX_Wally : miratrader: .ETHXBT is an index that publishes its price every minute, we disseminate this using a trade with a price but no size. [2015-08-14 04:39:02] miratrader : BitMEX_Wally: thanks, got it, my mistake. I wanted to look at ETH7D, not the index. [2015-08-14 04:39:21] cdtr : Hello all [2015-08-14 04:41:49] j8 : yo [2015-08-14 04:47:14] cdtr : I'm looking for a convenient way to buy bitcoin in the UK. Can it be done through Paypal ? [2015-08-14 04:51:02] ksinvest : cdtr: you might find somebody on localbitcoins.com but pay at least 10% fees for paypal [2015-08-14 04:58:16] ksinvest : cdtr: if you have a verified aged paypal and show me your passport in an HD video call i might do it for 5% ;) [2015-08-14 05:15:07] Matthew.v : hey admins [2015-08-14 05:26:52] BitMEX_Wally : Matthew.v: Hello [2015-08-14 05:27:10] Matthew.v : hey waly [2015-08-14 05:27:22] Matthew.v : I had a quick questionfor you all [2015-08-14 05:27:35] BitMEX_Wally : Sure [2015-08-14 05:29:54] Matthew.v : why does bitmex not offer trigger orders? [2015-08-14 05:29:56] Matthew.v : . [2015-08-14 05:53:03] BitMEX_Wally : Matthew.v: We support StopLimit orders via the API (a limit order that is triggered by the mark price reaching the stop price) and we'll be adding GUI support soon [2015-08-14 05:54:34] Matthew.v : yes please do, I don't code and am not terribly technical. [2015-08-14 07:28:06] lolcookie : any chance of staff releasing an api wrapper for node.js? [2015-08-14 07:29:21] ksinvest : https://github.com/BitMEX/websocketAdapters/tree/master/nodejs [2015-08-14 08:45:34] lazerdye : Question, with a stop limit, is the "mark price" the last traded price, or the "fair price"? [2015-08-14 08:56:55] lazerdye : Actually, it looks like 'fair price' == 'mark price', is that always the case? [2015-08-14 08:57:45] BitMEX_Wally : lazerdye: For `XBU` markPrice = lastPrice [2015-08-14 08:57:51] BitMEX_Wally : For all other futures markPrice = fairPrice [2015-08-14 08:58:17] BitMEX_Wally : If you have a look at the API the `markMethod` on the instrument is `LastPrice` or `FairPrice` [2015-08-14 08:58:43] lazerdye : Okay. [2015-08-14 09:00:32] lazerdye : So for eth7d, he stop loss trigger would be based on 'fair price'. [2015-08-14 09:08:13] BitMEX_Wally : Correct [2015-08-14 09:08:35] BitMEX_Wally : We could add a StopLimit order that triggered on lastPrice too if there was demand [2015-08-14 09:17:57] billyboy402 : admin , if i had a ltc open , should it of close 4 hours ago [2015-08-14 09:26:52] billyboy402 : is the time of order , local time or sever time [2015-08-14 09:27:54] TraderStefan : XLT7D expires in 3h32m I believe [2015-08-14 09:30:30] billyboy402 : Aug 14 2015 at 05:00 (12:00 UTC) - 5 hours ago [2015-08-14 09:30:39] billyboy402 : that what my screen is saying [2015-08-14 09:32:15] billyboy402 : it doesnt tell you if your is a 8th or 14 [2015-08-14 09:35:12] cengel : stefan, its 1 hour less [2015-08-14 09:57:22] TraderStefan : thanks cengel, you are correct [2015-08-14 10:25:56] btcedlo : another newbie question. Actually, how to roll my position before expiry for BVOL series if there's only current day / current week contract? [2015-08-14 10:26:48] btcedlo : or i can only "roll" after expiry? (technically not a "roll"?) [2015-08-14 11:16:01] BitMEX_Arthur : We don't have a roll contract [2015-08-14 11:16:16] BitMEX_Arthur : You must initiate a new position once the contract relists [2015-08-14 11:30:20] atleticofa : ETH will pass 0.01 today [2015-08-14 11:57:21] BitMEX_Wally : atleticofa: Short some futures then! [2015-08-14 11:57:35] BitMEX_Wally : Sorry, I mean buy [2015-08-14 12:05:18] BitMEX_Wally : `ETH7D` settled at 0.00783 [2015-08-14 12:05:28] BitMEX_Wally : https://www.bitmex.com/app/settlementHistory [2015-08-14 12:10:16] coinprophet : thanx BitMEX for my profit [2015-08-14 12:12:15] coinprophet : I started with 1 XBT [2015-08-14 12:13:47] coinprophet : in few days my balance is 2.8 [2015-08-14 12:15:13] coinprophet : ETH contract [2015-08-14 13:14:28] azurelake : XBT7D is expensive to roll because of the large spread and low liquidity, a contract that would allow to automatically roll at expiry at settlement price would be very useful. [2015-08-14 13:14:55] Janjan42 : hello, can I ask you? @wally: I have aproximate knowledge about options, would you help me how eth7d works? If I want to speculate on upwads move. eth7d works like forex? [2015-08-14 13:39:14] Janjan42 : Are the eth7d OTC? why does not the order get processed imediatelly? [2015-08-14 13:58:32] mrspeck : So withdrawals take about a day? [2015-08-14 13:58:43] mrspeck : That sucks! [2015-08-14 14:02:44] BitMEX_Wally : Janjan42: Yes ETH7D futures are like trading forex, you can buy and sell, and if you still have a position at expiry it is closed out at the settlement price. If you want to speculate on upwards move then buy [2015-08-14 14:04:08] BitMEX_Wally : mrspeck: We process withdrawals manually for security. Each transaction must be signed by 2 out of the 3 founders. This is to ensure the safety of client funds [2015-08-14 14:05:09] BitMEX_Wally : mrspeck: All funds are held in multisignature bitcoin addresses and there is no hot wallet that can be hacked [2015-08-14 14:22:09] BitMEX_Sam : Withdrawals don't necessarily take a day - they're only processed at least once a day. If you, say, submit a withdrawal just before 12 GMT, you'll have it within about 10-15 minutes. [2015-08-14 14:36:03] stf28 : Hi ! Is there a UI for the full orderbooks ? I don't see it [2015-08-14 14:43:35] BitMEX_Sam : stf28: There is a fullscreen button in the corner of the orderbook. [2015-08-14 14:43:59] stf28 : yeah seen it, thanks, but it does not show the full orderbook, just more lines [2015-08-14 14:44:17] BitMEX_Sam : It shows up to 25 levels. If you need more than that, it's available from the API [2015-08-14 14:44:33] BitMEX_Sam : https://www.bitmex.com/api/explorer/#!/orderBook/getOrderBook [2015-08-14 14:52:00] stf28 : ok thanks for the answer, nice API documentation btw [2015-08-14 14:52:20] BitMEX_Sam : Thanks. All auto-generated from the code so it's always up to date. [2015-08-14 14:53:41] haxmb : BitMEX_Sam: i have a question regarding Q15 [2015-08-14 14:54:24] BitMEX_Sam : Sure [2015-08-14 14:54:48] haxmb : My entry price has been adjusted, pretty severely [2015-08-14 14:55:05] haxmb : Did you settle my unrealized profits as well? [2015-08-14 14:55:14] BitMEX_Sam : haxmb: Yes, that happens every week at 12 UTC - this allows pnl to be realised and withdrawn [2015-08-14 14:55:34] BitMEX_Sam : You should see a rebalance transaction in https://www.bitmex.com/app/wallet [2015-08-14 14:55:34] haxmb : Ah ok, where can i see the transaction? [2015-08-14 14:55:39] BitMEX_Sam : :) [2015-08-14 14:55:39] haxmb : :p [2015-08-14 14:56:13] haxmb : Okay, thanks for the info [2015-08-14 14:56:34] BitMEX_Sam : No problem. We're working on improving the messaging for this [2015-08-14 14:56:44] BitMEX_Sam : Would like to make it more obvious what has happened. [2015-08-14 14:58:04] haxmb : Yeah [2015-08-14 14:58:09] haxmb : I was kind of confused [2015-08-14 14:58:22] haxmb : since my Entry Price of the Q15 was lowered by 8 dollars or something [2015-08-14 14:58:52] haxmb : Why did you settle it on 273.67 ? [2015-08-14 15:00:39] BitMEX_Sam : When rebalances occur, they're not directly on spot, but on "Fair Price" [2015-08-14 15:00:48] haxmb : Ok, thats based on order book? [2015-08-14 15:01:11] BitMEX_Sam : Generally, yes, and the indicative interest rate for futures on other exchanges or swap prices [2015-08-14 15:01:49] haxmb : How do you calc those? [2015-08-14 15:02:07] haxmb : Is it on the Bitmex order book? [2015-08-14 15:02:33] BitMEX_Sam : Yeah, it is set as to follow trading [2015-08-14 15:03:03] haxmb : Where do you get the indicative interest rate / swap price from? [2015-08-14 15:03:26] BitMEX_Sam : I'm going to have to ask Arthur on that one, he is the one who sets the rate; right now we don't have a published formula on the site but we should [2015-08-14 15:03:34] BitMEX_Sam : He's on a flight right now but I'll ping him and have him answer when we comes back [2015-08-14 15:03:36] haxmb : Yeah that'd be great [2015-08-14 15:04:00] BitMEX_Sam : What I know is that it is set to follow trading as closely as possible to prevent liquidations [2015-08-14 15:04:10] haxmb : I'm really interested in the rates [2015-08-14 15:04:16] haxmb : Ok yeah that sounds fair :p [2015-08-14 15:04:21] BitMEX_Sam : It's a daily rate so as the future gets closer to settlement, the fair price inches closer and closer to spot [2015-08-14 15:04:30] haxmb : As it should :D [2015-08-14 15:04:56] haxmb : And on settlement [2015-08-14 15:05:11] haxmb : all contracts are settled for everyone so no slippage occurs right [2015-08-14 15:05:28] BitMEX_Sam : Yeah, transactions are made at the index price at that time [2015-08-14 15:05:30] BitMEX_Sam : No slippage [2015-08-14 15:06:29] haxmb : Ok great [2015-08-14 15:06:35] haxmb : Thanks :) [2015-08-14 15:08:28] BitMEX_Sam : No problem - we're usually around, feel free to ask questions any time [2015-08-14 15:13:27] haxmb : Oh one more, Total Turnover [2015-08-14 15:13:34] haxmb : is that in total during life? [2015-08-14 15:13:38] haxmb : where can i see 24h volume? [2015-08-14 15:17:28] BitMEX_Sam : You can see it on the big bad instruments table (adv trade layout, expand the table), [2015-08-14 15:17:44] BitMEX_Sam : You can also see per-series turnover at https://www.bitmex.com/api/explorer/#!/stats/find [2015-08-14 15:20:18] ssa3512 : BitMEX_Sam: any thoughts on implementing optional email notifications for order fills like bitfinex has? [2015-08-14 15:20:49] BitMEX_Sam : ssa3512: That's a good idea, would make a nice option - I'll add it to our tracker [2015-08-14 15:21:09] ssa3512 : Aweso [2015-08-14 15:21:14] ssa3512 : +me [2015-08-14 16:29:27] goat : BitMEX_Sam: just placed some orders on XLT and they didn't show up in the order book until i refreshed the interface [2015-08-14 16:29:30] goat : on firefox [2015-08-14 16:29:37] goat : the same issue as yesterday [2015-08-14 16:29:58] goat : ill restart my browser before placing orders next time to see if that fixes it, just wanted to give you the heads up [2015-08-14 16:31:18] cengel : im thinking of just changing to Chrome [2015-08-14 16:37:50] lazerdye : Trollbox moved... [2015-08-14 16:45:47] BitMEX_Sam : Yeah, we did some minor visual adjustments [2015-08-14 16:46:06] BitMEX_Sam : Thanks goat, I'll keep an eye on it [2015-08-14 16:46:53] j8 : would be less in the way if it was all on the bottom left i think [2015-08-14 16:47:17] BitMEX_Sam : it folds down if you need the space, but that's a good point considering the empty space there [2015-08-14 16:47:22] lazerdye : I agree, at least it folds down... [2015-08-14 16:47:30] BitMEX_Sam : Was just going for least surprise - much like the chat boxes on many other sites [2015-08-14 16:47:42] BitMEX_Sam : The bottom right is where you expect to see it [2015-08-14 16:49:01] lazerdye : For me, the problem is it really takes a lot of the screen. When it was on the left it didn't cover anything up, and here it covers up some important stuff (right half of my chart, the orderbook). [2015-08-14 16:49:48] Tulip-stefan : This doesn't solve the problem, but you could use a separate irc client. [2015-08-14 16:50:10] BitMEX_Sam : It notifies if any messages come in, so it's fine to keep it closed most of the time [2015-08-14 16:50:19] BitMEX_Sam : I'll look into making it moveable so you can just decide where you want it [2015-08-14 16:50:32] lazerdye : That would be cool. [2015-08-14 16:51:00] j8 : yeah, doesn't help with the clutter situation. the transparencies hurt my head [2015-08-14 16:51:28] BitMEX_Sam : Oh, shoot, yeah that's not supposed to be transparent on the dark theme [2015-08-14 16:51:37] BitMEX_Sam : I mostly use the white now so I missed that. Will patch [2015-08-14 16:52:03] j8 : oh i see, yeah looks better on white. [2015-08-14 16:53:32] splash : what. i dont understand. is eth going down? [2015-08-14 16:53:36] splash : how can that be? [2015-08-14 16:55:02] lazerdye : I just noticed Bittrex trading ETH at 0.01... wt? [2015-08-14 17:02:13] j8 : open positions shows two "flat" positions [2015-08-14 17:02:35] j8 : oh because i have orders. [2015-08-14 17:02:40] j8 : makes sense. [2015-08-14 17:11:15] splash : oh no how do i make the chat go away? or move at elast [2015-08-14 17:11:26] splash : its blocking my order book :-O [2015-08-14 17:11:49] splash : i cant trade!!! [2015-08-14 17:11:58] j8 : click the top [2015-08-14 17:12:08] splash : phu that did the trick [2015-08-14 17:12:45] splash : its in the totally wrong place on the screen. from now on I need it small otherwise i cant trade [2015-08-14 17:12:56] splash : before I could both chat and trade. now only one thing [2015-08-14 17:13:02] j8 : yeah i agree [2015-08-14 17:13:05] splash : 14" inch screen. :-P [2015-08-14 17:34:05] BitMEX_Sam : Yeah j8 that was a recent addition so you can preemptively isolate margin [2015-08-14 17:51:32] BitMEX_Sam : ok. The trollbox can be moved around now so you can get it out of your way [2015-08-14 17:54:56] Blargwaffle : "your way" is cut off, heh. [2015-08-14 18:03:57] lazerdye : Nice, now it fits in the white space in the left. [2015-08-14 18:21:28] cengel : heh [2015-08-14 18:27:41] miratrader : BitMEX_SAM, some problems with the new trollbox on FF: text box is too big, cuts off the last line [2015-08-14 18:28:39] BitMEX_Sam : thanks, will investigate [2015-08-14 18:28:40] miratrader : and the bottom arrow of the scroll bar is not visible. Also every time the page is refreshed I have to move it again, it doesn't remember its position [2015-08-14 18:31:15] miratrader : also I don't see any way to resize it, it needs at least vertical resize [2015-08-14 18:33:12] cengel : its docke [2015-08-14 18:33:51] miratrader : ok, I see that I can hide it completely, that's good [2015-08-14 18:34:18] BitMEX_Sam : Thanks for the comments. Deploying a fix for that FF bug now, will work on resizing it for later on [2015-08-14 18:34:25] BitMEX_Sam : You can still fullscreen it if necessary [2015-08-14 18:56:39] Blargwaffle : Seems pretty good now. [2015-08-14 19:22:39] SnackyCoins : Hey Sam, realized P&L isnt showing up on closed positions for any of the non-dated rotating contracts (every 24h/7d) just fyi [2015-08-14 19:27:46] BitMEX_Sam : Hey SnackyCoins, that's intentional, part of the move to CashSettlements in your wallet history [2015-08-14 19:27:58] BitMEX_Sam : We're working on a nice way to display that. [2015-08-14 19:30:11] cengel : wheres the ticker [2015-08-14 19:31:35] miratrader : BitMEX_Sam: thanks for the trollbox fix! [2015-08-14 20:30:39] BitMEX_Sam : miratrader: Not a problem. Made a few more tweaks to it in the meantime. Should be great now - enjoy [2015-08-14 20:45:14] uiop : BitMEX_Sam: hi, fyi this is how bitmex is displayed in centos6/rhel6 with stock firefox http://i.imgur.com/thwV5BV.jpg [2015-08-14 20:45:38] cowtung : https://www.bitmex.com/app/index/.ETHXBT2H still says Kraken. Do you have a plan for switching to Pol? [2015-08-14 20:46:56] cengel : ff is a nightmare on here :( [2015-08-14 20:47:03] uiop : BitMEX_Sam: (you are ui guy, right?) [2015-08-14 20:48:52] uiop : i dunno know if this is already brought to your attention, but noticed some firefox-related chat and thought i would contribute a screenshot [2015-08-14 20:54:13] BitMEX_Sam : uiop: Wow, that is a nightmare [2015-08-14 20:54:15] BitMEX_Sam : What version is that? [2015-08-14 20:54:34] BitMEX_Sam : cowtung: Not sure what the plan is, I'll have Arthur or Wally get back to you on that [2015-08-14 20:55:11] cowtung : BitMEX_Sam: thanks [2015-08-14 20:57:00] BitMEX_Sam : uiop: Sorry, I see the version, I'll check it out [2015-08-14 20:59:56] BitMEX_Sam : That version is about 2 years old, it should clear up if you upgrade it. [2015-08-14 21:15:14] uiop : BitMEX_Sam: (RE: firefox version) i highlighted the firefox version in the terminal in the screenshot, toward the rig [2015-08-14 21:15:27] uiop : BitMEX_Sam: ah, just saw you s [2015-08-14 21:16:19] uiop : BitMEX_Sam: (am slowly working toward present in messages..) yeah, that one comes in the package manager so im hesitant to upgrade [2015-08-14 21:16:42] uiop : BitMEX_Sam: but i understand if im out of luck he [2015-08-14 21:16:54] BitMEX_Sam : Wow, that's the latest rpm? That seems really insecure [2015-08-14 21:17:00] BitMEX_Sam : Old browsers as you know are security risks [2015-08-14 21:17:14] BitMEX_Sam : Regardless, I've loaded up v24 and I see the broken layout, I'll try to fix it [2015-08-14 21:17:32] uiop : BitMEX_Sam: redhat backports for 10 years or something crazy for each major version :) ... :| ... :o :OOO [2015-08-14 21:17:46] BitMEX_Sam : Crazy dedication. [2015-08-14 21:19:45] uiop : BitMEX_Sam: oh wait! i havent run an update on this machine in a bit, the current newest version in pkg manager is now 38.2 [2015-08-14 21:20:01] uiop : will update now and see if it's fixed and let you kn [2015-08-14 21:20:42] BitMEX_Sam : FF 24 is really impressively broken, I'm seeing bad versions of every FF rendering bug we've ever had, come back from teh dead [2015-08-14 21:21:11] uiop : heh fun [2015-08-14 21:21:28] uiop : /me upding to 38.2 [2015-08-14 21:24:09] BitMEX_Sam : Ah, I found the issue [2015-08-14 21:24:44] BitMEX_Sam : We're using an automated process that removes css vendor prefixes for older browsers. I assumed since FF/Chrome were evergreen there wasn't a need to keep the prefixes, but that's obviously not true for older linux or people stuck on pinned versions [2015-08-14 21:26:11] BitMEX_Sam : Fix is deploying now and will be live in about 3min [2015-08-14 21:29:37] Kiran : text input for trollbox doesnt work on firefox mobile [2015-08-14 21:30:58] Kiran : arrow to expand instruments shows through trollbox [2015-08-14 21:31:54] Kiran : mobile and desktop [2015-08-14 21:45:05] BitMEX_Sam : Thanks Kiran, rolling fix for the arrow, investigating the text input [2015-08-14 22:33:46] BitMEX_Sam : I've moved the chat box back to where it was on mobile devices, this fixes the issue - mobile devices just don't seem to be able to handle the floating box well. [2015-08-14 22:39:31] gustavo7 : oh hello little bot, trying to beat me [2015-08-14 23:18:45] cekseh : The bot will win. [2015-08-15 00:17:09] TraderStefan : Not sure why I have open positions of zero size https://i.imgur.com/kQj5AA8.jpg