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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[2015-08-19 12:15:32] null : why is that?
[2015-08-19 12:15:34] null : I have to admit, I don't know how BVOL works
[2015-08-19 12:18:04] j8 : there's enough volatility accumulated that it can't drop below 27 or so
[2015-08-19 12:18:22] null : based on this formula? .BVOL7D Index = Stdev(Ln(P1/P0), Ln(P2/P1), ..., Ln(P2016/P2015)) * Sqrt(2016)
[2015-08-19 12:18:55] null : I wonder what P0, P1 and P2 are
[2015-08-19 12:19:01] j8 : price every 5 mins
[2015-08-19 12:19:20] null : what is the difference between P0 and P1?
[2015-08-19 12:19:49] null : oh I see
[2015-08-19 12:19:57] null : ... explains everything
[2015-08-19 12:20:17] j8 : yeah "standard deviation of 5-minute log-returns"
[2015-08-19 12:21:24] j8 : so if you put zeros for the rest of the week, you get like 27.03
[2015-08-19 12:21:32] null : so shorting bvol is usually stupid? you can't really get a good price, as bots already calculate this after the move
[2015-08-19 12:22:36] j8 : not stupid but risky. it can go UP a lot faster than it can go DOWN
[2015-08-19 12:23:22] null : well, the only way to make a profit is if you get a good price, no? or if someone foolish buys the spread?
[2015-08-19 12:23:55] j8 : everything's a little out of whack because of yesterday, at this point it's easier for it to come down than to go up. usually there will be a premium to buy vol
[2015-08-19 12:24:47] null : right, but even if volatility is 0 for the next 2 days, its going to settle around 27? so why short 27?
[2015-08-19 12:24:54] j8 : dont
[2015-08-19 12:25:09] j8 : short 27.5
[2015-08-19 12:25:26] null : I had the short 32 in the whole day
[2015-08-19 12:25:33] null : noone took
[2015-08-19 15:09:56] gustavo7 : maybe ppl think it will need an even bigger event to reach 32+
[2015-08-19 15:21:00] gustavo7 : the sell walls are coming for ETH again
[2015-08-19 15:26:36] krtek.net : gustavo7: http://i.imgur.com/aR2Zxhq.jpg :))
[2015-08-19 15:27:29] gustavo7 : u made that for me? aww
[2015-08-19 15:28:40] krtek.net : my photoshop skillz are mad :)
[2015-08-19 15:31:36] gustavo7 : i mean look at 540 on polo, we we're above that this morning
[2015-08-19 15:32:10] gustavo7 : and yesterday around the same time, it dumped too (a little; enought to short)
[2015-08-19 15:32:53] krtek.net : anyway, I recall seeing only one effective sellwall in my life and that one just got market sold on the very first touch into the raging bulls, flipping the rsi and reversing the trend :)
[2015-08-19 15:38:10] krtek.net : mostly you just put up the wall above to have time to accumulate with your bid sligtlty bellow and by FOK/IOCing asks that are put just bellow your wall. Or you can play the "protect your own wall" game and leach the spread just below it with liquidity bots :)
[2015-08-19 15:38:52] krtek.net : but in 99 cases of 100, you are not actually lowering your position.
[2015-08-19 15:43:19] krtek.net : Also there are no bigheaded whales thinking they could stop that bullish flag pattern to resolve right in the middle of the daily trading range :)
[2015-08-19 15:43:41] gustavo7 : ye that would be stupid
[2015-08-19 15:43:43] krtek.net : not even on eth :D
[2015-08-19 15:45:43] krtek.net : Stop me faster next time please, I got carried away easily:)
[2015-08-19 15:46:16] gustavo7 : oh i just don't know how whales work
[2015-08-19 15:46:22] gustavo7 : i'm a little fish
[2015-08-19 15:46:52] krtek.net : I'm no whale and never was:)
[2015-08-19 15:47:23] gustavo7 : i just guessed to the bottom traders the walls must look scary
[2015-08-19 15:48:12] gustavo7 : walls get pulled all the time but sometimes i just put my orders/stops around them anyway
[2015-08-19 15:52:29] krtek.net : It's still just a mass psychologie mixed with the game theory and bit of high school math :) you should ignore the walls if you are not "pit trading" and always have your possition planed before its put in the book and never ever touch it before your planed exit event strikes. Walls are not there to make your do something, they are there to make you forget you don't need to do anything.
[2015-08-19 15:53:06] krtek.net : which is mostly the right thing to do.
[2015-08-19 15:54:56] gustavo7 : sure, since i'm on bitmex i actually trade less often and then with sup/res i found in my ta
[2015-08-19 15:55:58] krtek.net : good boy :)
[2015-08-19 15:56:12] gustavo7 : with pit trader you mean like short term scalps?
[2015-08-19 15:56:27] gustavo7 : like 30min
[2015-08-19 16:10:41] krtek.net : more like tick charts :)
[2015-08-19 16:12:12] GAmma : everyone knows it, I'll just say it
[2015-08-19 16:12:29] GAmma : Bitmex weathered y'day's volatility quite well
[2015-08-19 16:26:23] cengel : I can say I had 0 problems with platform
[2015-08-19 16:38:58] Blargwaffle : Indeed, I did not have issues with it. Great compared to coinut...(provide options soon)
[2015-08-19 16:40:05] slacknation : GAmma: huge socialised loss man
[2015-08-19 16:51:12] Blargwaffle : Bitfinex's fault.
[2015-08-19 16:52:44] slavo : hi
[2015-08-19 16:52:47] slavo : how much time for withdrawals? it's not instant?
[2015-08-19 16:59:12] Tulip-stefan : i heard they process withdrawls once a day
[2015-08-19 17:27:49] BitMEX_Arthur : Yes it is once per day
[2015-08-19 17:42:00] j8 : is it possible you could push it back until a half hour after daily settlement.
[2015-08-19 17:43:17] j8 : or a little later. i tried to withdraw and didn't get the email until 12:30
[2015-08-19 17:46:32] j8 : can't put in the request before the PNL settles so i have to be at my computer at settlement, madly try to withdraw, and still miss it and wait another 24 hours
[2015-08-19 17:53:15] bosma : do tradingview symbols work yet?
[2015-08-19 17:53:18] bosma : getting invalid symbol
[2015-08-19 17:54:28] BitMEX_Arthur : They should work
[2015-08-19 17:54:32] BitMEX_Arthur : for XBT, XBU, BVOL
[2015-08-19 17:54:36] BitMEX_Arthur : no ETH or LTC
[2015-08-19 17:54:37] BitMEX_Arthur : yet
[2015-08-19 18:26:20] ksinvest : BitMEX_Arthur: any liquidations on XBU during the last 24h? Did the circuit breakers come into action? (sitting in the train with unreliable connection, can't ssh to my servers now...)
[2015-08-19 18:26:54] BitMEX_Arthur : Yes there were liquidations on the XBU series
[2015-08-19 18:27:09] BitMEX_Arthur : and yes the session limit down did come into play
[2015-08-19 18:27:57] ksinvest : BitMEX_Arthur: any losses for BitMEX?
[2015-08-19 18:28:07] BitMEX_Arthur : No
[2015-08-19 18:28:14] ksinvest : great!
[2015-08-19 18:29:14] cengel : ksinvest, how did you do?
[2015-08-19 18:31:51] ksinvest : cengel: best day in the history of my bot (about +35%), but can't say now if it was mainly luck or my bot's code + BitMEX's market structure.
[2015-08-19 18:32:28] cengel : congrats! i saw BVOL blow up with open interest and got worried about you for a minute
[2015-08-19 18:35:48] ksinvest : cengel: if i did traditional school-book "risk management" i would have very probably lost all my money :)
[2015-08-19 18:41:30] krtek.net : so the question is, who has lost that 8 BTCs in couple of minutes? :)
[2015-08-19 18:42:18] cengel : you never know, they were maybe shor
[2015-08-19 18:42:30] cengel : short btc too
[2015-08-19 18:43:35] krtek.net : I saw >20 contracts been lifted from 2 to 26, if there are winners, there needs to be loosers :)
[2015-08-19 18:49:35] Blargwaffle : Also tighteners.
[2015-08-19 18:51:33] Kiran : Weird margin on the left in Firefox mobile. Goes away when opening menu.
[2015-08-19 19:14:14] ksinvest : first (preliminary) data analysis would suggest that there was a little Navinder Singh Sarao trading at Bitfinex who feared off badly programmed "useful idiot" market maker bots (see 2010 NYSE flash crash)
[2015-08-19 19:14:53] cengel : interesting
[2015-08-19 19:31:27] j8 : the book was really empty once it hit 200 or so. the human traders were panicking too
[2015-08-19 19:47:16] cengel : pfft i was totally calm and cool the whole time. trollface.jpg
[2015-08-19 19:49:07] j8 : lol. i just made sure i wasn't rekt and basically stopped trading.
[2015-08-19 19:50:08] Tulip-stefan : i'm really happy with the chaos yesterday.
[2015-08-19 19:50:19] Tulip-stefan : i finally got some new interesting data points to work with.
[2015-08-19 19:50:26] Tulip-stefan : first new inspiration in months.
[2015-08-19 20:40:09] GAmma : withdrawals are processed at a set time every day? when is that?
[2015-08-19 20:40:47] ethil : 12 utc
[2015-08-19 20:41:08] GAmma : ok. Friday settlement is also 12 utc
[2015-08-19 20:41:27] GAmma : I don't have time to w/d profits?
[2015-08-19 20:42:02] gustavo7 : dumpage
[2015-08-19 20:42:10] j8 : GAmma: you might if you're lucky. i just missed it today.
[2015-08-19 20:55:47] GAmma : my margin page: initial margin=.017
[2015-08-19 20:56:02] GAmma : maintenance margin=.064
[2015-08-19 20:56:16] GAmma : I never saw MM bigger than IM
[2015-08-19 20:56:25] j8 : initial margin is held for open orders
[2015-08-19 20:56:49] GAmma : ah, ok ...
[2015-08-19 20:56:50] GAmma : lol
[2015-08-19 20:58:09] j8 : yesterday i had barely any deposit left and almost all withheld profit
[2015-08-19 20:58:41] j8 : because i had losses on some contracts, profits on others
[2015-08-19 20:59:40] GAmma : I'm withdrawing my balance to load up on the Auger pre-sale
[2015-08-19 21:00:22] gustavo7 : lol funex gonna braek
[2015-08-19 21:30:26] slavo : thnaks to bitmex blazing fast withdrawals i think i'll end up rekt
[2015-08-19 21:30:27] slavo : :D
[2015-08-19 21:33:22] BitMEX_Arthur : How is that?
[2015-08-19 21:35:14] GAmma : hi Arthur, on Friday settlement & daily withdrawal take place simultaneously at 12:00 UTC
[2015-08-19 21:36:13] GAmma : one must wait 24 hrs to w/d their released profits?
[2015-08-19 21:36:48] BitMEX_Arthur : GAmma: Yes that is correct
[2015-08-19 21:37:05] BitMEX_Arthur : We realise the issue, we are discussing internally about adj the time
[2015-08-19 21:37:15] BitMEX_Arthur : For withdrawal cutof
[2015-08-19 21:39:24] GAmma : Bitmex introduced me to Ether .. lol
[2015-08-19 21:40:00] GAmma : I'm gonna pile into the Auger pre-sale, by Sat a.m. preferably so I'm looking at wthdrawal times ...
[2015-08-19 21:40:38] GAmma : once I make 20x I'll be back ... lol
[2015-08-19 21:42:00] GAmma : but seriously, there shud be a meand to w/d my balance on Friday.
[2015-08-19 21:42:07] GAmma : means
[2015-08-19 21:42:35] GAmma : Sat 12 UTC still doable I think, just tight ...
[2015-08-19 21:43:19] BitMEX_Arthur : We are looking at listing a REP/BTC futures contract
[2015-08-19 21:43:26] BitMEX_Arthur : that expires based on the IPO price Oct 1
[2015-08-19 21:45:00] GAmma : huge
[2015-08-19 21:45:28] GAmma : I expect to be trading from day 1
[2015-08-19 21:48:42] j8 : prediction market inception
[2015-08-19 21:51:08] GAmma : hmmm, I'm hoping that IPO price is low. I want some cheap REP
[2015-08-19 21:51:50] BitMEX_Arthur : buy now and hedge on BitMEX :)
[2015-08-19 21:52:10] Trade_master_3000 : hey arthur
[2015-08-19 21:52:14] Trade_master_3000 : whats the TV tickers?
[2015-08-19 21:52:19] Trade_master_3000 : cant seem to find them
[2015-08-19 21:53:38] Trade_master_3000 : I can select bitmex as the exchange to search by but nothing is showing up
[2015-08-19 21:53:47] BitMEX_Arthur : Yeah we don't know what is going on there
[2015-08-19 21:53:52] GAmma : Arthur ... ah, I get it now. sounds good, I'm in ...
[2015-08-19 22:00:50] j8 : so auger is using a fork of ethereum, which will be a sidechain to bitcoin?
[2015-08-19 22:01:11] j8 : trying to disentangle the relationships
[2015-08-19 22:02:26] cowtung : just another scamcoin pnp
[2015-08-19 22:02:28] cowtung : pnd
[2015-08-19 22:02:33] cowtung : get in early, get out early
[2015-08-19 22:02:54] cowtung : enjoy your 10x
[2015-08-19 22:03:01] GAmma : Auger isn't a coin
[2015-08-19 22:03:02] GAmma : lol
[2015-08-19 22:03:11] cowtung : rep is
[2015-08-19 22:04:02] GAmma : I mean Rep, we've both read the docs ... so no need to debate
[2015-08-19 22:04:13] GAmma : it is what it is
[2015-08-19 22:05:12] j8 : its some sort of asset.
[2015-08-19 22:05:43] GAmma : it will be different things to different people ... 'asset' is a simple way to put it, yes
[2015-08-19 22:09:35] j8 : will probably be subject to a lot of speculation early on. not always the dev's fault if it PnD's
[2015-08-19 22:11:22] GAmma : Coinut don't know what they are doing ...
[2015-08-19 22:25:42] BitMEX_Arthur : why do you say that
[2015-08-19 22:28:13] GAmma : they shut their site for ~24 hrs when BFX tanked
[2015-08-19 22:28:28] GAmma : radio silent last 2 days ..
[2015-08-19 22:28:29] BitMEX_Arthur : ah
[2015-08-19 22:28:36] j8 : thats brutal
[2015-08-19 22:28:43] GAmma : couldn't log in
[2015-08-19 22:28:50] BitMEX_Arthur : Oh so they still aren't back up?
[2015-08-19 22:28:50] GAmma : could log in, couldn't trade
[2015-08-19 22:28:54] GAmma : no notice
[2015-08-19 22:29:12] GAmma : they're back up now ... but who knows for how long or what the deal is
[2015-08-19 22:29:32] GAmma : my w/d is pending ~3 hrs now ...
[2015-08-19 22:30:17] BitMEX_Arthur : short gamma will do that to you
[2015-08-19 22:30:29] BitMEX_Arthur : were there any options expiring yesterday?
[2015-08-19 22:30:34] BitMEX_Arthur : oh i guess they have binaries
[2015-08-19 22:30:40] BitMEX_Arthur : a misprice on those would be costly
[2015-08-19 22:30:54] GAmma : they have 30 minute/ hrly, daily binary contracts
[2015-08-19 22:31:09] GAmma : but usually trade is thin
[2015-08-19 22:31:19] GAmma : I don't know if they got hit
[2015-08-19 22:32:20] j8 : what do they index to?
[2015-08-19 22:32:20] GAmma : no news is ... bad news ... lol
[2015-08-19 22:33:18] GAmma : last I looked they index BFX+Bitstamp, but has changed before ...
[2015-08-19 22:56:10] johnny : 25x leverage aaaaarrrrggghhhh
[2015-08-19 22:56:21] BitMEX_Arthur : johnny: Welcome to the sandbox
[2015-08-20 00:05:21] Mastablasta33 : Where are the marketmakers in XBUQ15? I wanna buy back, but not at 233.56
[2015-08-20 00:07:40] j8 : i believe the biggest marker maker on the XBU series only quotes from 9 to 5 monday to friday, or something like that
[2015-08-20 01:20:37] TrevinHofmann : Is sam BitMEX_Sam
[2015-08-20 01:21:24] TrevinHofmann : If so, hey BitMEX_Sam. It's a small world. Just noticed you're the author of a (deprecated) dependency for a project at work.
[2015-08-20 01:56:54] krtek.net : BitMEX_Arthur: bug: open trollbox by clicking blue header, click icon to maximise vertically, click to maximmise fully, click to minimise twice, ????, profit
[2015-08-20 02:06:42] ksinvest : krtek.net: you could inject something?
[2015-08-20 02:10:18] BitMEX_Sam : ksinvest: Nah, he means "profit" in the south park sense
[2015-08-20 02:10:34] ksinvest : ah ok :)
[2015-08-20 02:10:45] BitMEX_Sam : An injection is not going to happen
[2015-08-20 02:10:58] BitMEX_Sam : In any case there's just a small visual bug, you can't get the trollbox closed if you do what he did
[2015-08-20 02:11:02] BitMEX_Sam : Will fix
[2015-08-20 02:11:03] ksinvest : i would have been surprised...
[2015-08-20 02:11:05] BitMEX_Sam : TrevinHofmann: What's the lib?
[2015-08-20 02:11:14] j8 : here's another one. drag the pnl calculator all the way to the right, release, repeat (profit)
[2015-08-20 02:11:41] BitMEX_Sam : j8: Yep, I actually don't know if there's any good way to fix that
[2015-08-20 02:11:47] BitMEX_Sam : Happens on most pages I've seen with draggable components
[2015-08-20 02:12:02] BitMEX_Sam : Appears to simply be browser behavior as per the specs
[2015-08-20 02:12:04] j8 : you could at least put an easter egg over there
[2015-08-20 02:12:07] BitMEX_Sam : Hah
[2015-08-20 02:12:29] j8 : i was really hoping to find something, maybe i just didn't go far enough
[2015-08-20 02:12:29] BitMEX_Sam : You're close. That's where the gox memes are
[2015-08-20 02:12:32] BitMEX_Sam : Keep scrolling
[2015-08-20 02:16:39] lolcookie : i tried
[2015-08-20 02:23:28] j8 : BitMEX_Sam: i tried out the node.js delta server. haven't got the authenticated streams to work, the data comes through the websocket but something goes wrong in the delta-server part. is this a work in progress or am i doing something wrong?
[2015-08-20 02:24:25] BitMEX_Sam : j8: It is a WIP, I had something come up while working on the authenticated streams
[2015-08-20 02:24:39] BitMEX_Sam : I didn't know anyone was trying it, I'll prioritize finishing it. Although whatever's wrong with it should be very easy to fix
[2015-08-20 02:25:36] ksinvest : BitMEX_Sam: how can i get my <code>order history</code> via rest API? couldn't find it in the docs/explorer
[2015-08-20 02:25:57] BitMEX_Sam : Order history or trade history?
[2015-08-20 02:26:03] ksinvest : order
[2015-08-20 02:26:25] BitMEX_Sam : https://www.bitmex.com/api/explorer/#!/order/getOrders
[2015-08-20 02:26:57] BitMEX_Sam : You can optionally filter it to only send open orders but by default it will give you all
[2015-08-20 02:26:58] j8 : Yeah, just thought i'd give it a try as i was thinking about doing something similar, i'm new to node so its interesting to see that way of doing things.
[2015-08-20 02:27:17] BitMEX_Sam : j8: Sure. Well, the point of the project is so that you can pair it with anything. But Node is always good fun
[2015-08-20 02:27:29] BitMEX_Sam : j8: I don't know if you saw https://tonicdev.com/
[2015-08-20 02:27:52] ksinvest : BitMEX_Sam: thanks! whats's the max <code>count</code>?
[2015-08-20 02:27:54] BitMEX_Sam : Been wanting an online nodeJS repl for a long time, that's a fantastic way to share ideas & code
[2015-08-20 02:28:00] BitMEX_Sam : ksinvest: 500, and you can page using `start`
[2015-08-20 02:28:12] BitMEX_Sam : I believe it returns items oldest first, but you can control that with `reverse`
[2015-08-20 02:28:13] ksinvest : nice, thanks
[2015-08-20 02:33:29] j8 : BitMEX_Sam: tonicdev, that's really cool.
[2015-08-20 03:03:02] TrevinHofmann : BitMEX_Sam: jsxhint
[2015-08-20 03:11:03] ksinvest : BitMEX_Sam: i wrote a <code>fetchOrderHistory.py</code> based on your <code>fetchTradeHistory.py</code> http://pastebin.com/xRMz1JRw
[2015-08-20 03:12:16] ksinvest : only problem: it doesn't work, no error, it's just never ending an operation after i entered the right password...
[2015-08-20 03:16:12] j8 : if you run a bot you probably have a huge order history
[2015-08-20 03:16:22] j8 : including cancels etc.
[2015-08-20 03:16:28] j8 : might take a while.
[2015-08-20 03:17:23] VanCleef : question why do futures need a settlement day?
[2015-08-20 03:18:29] BitMEX_Arthur : Because a futures contract is just buying or selling spot at a future date
[2015-08-20 03:18:38] BitMEX_Arthur : so you need to pick a date when the future = spot
[2015-08-20 03:18:47] ksinvest : j8: my TradeHistory is > 500 as well, fetching it works
[2015-08-20 03:20:00] j8 : 500 is one page, so that should be a second or two.
[2015-08-20 03:20:06] j8 : i'm talking many pages
[2015-08-20 03:24:24] lolcookie : dat ltc spread is insane
[2015-08-20 03:24:52] lolcookie : turn on liquidity bots pls
[2015-08-20 03:24:59] ksinvest : j8: thanks, now i got it. i completely misunderstood the most important line in the script.
[2015-08-20 03:25:18] BitMEX_Arthur : lolcookie: On what contract?
[2015-08-20 03:25:35] lolcookie : XLT7D
[2015-08-20 03:25:47] lolcookie : there we go a micro 28 order
[2015-08-20 03:51:32] Micio : Hi! Is the volume of this exchanger only 4.30BTC/day for spot trading?
[2015-08-20 03:51:46] BitMEX_Arthur : We don't do spot trading
[2015-08-20 03:51:52] BitMEX_Arthur : What volume source are you looking at
[2015-08-20 03:52:15] Micio : .BVOL24H
[2015-08-20 03:52:19] Micio : 4.30
[2015-08-20 03:52:25] Micio : isn't that the daily volume?
[2015-08-20 03:53:18] BitMEX_Arthur : We have many types of contracts
[2015-08-20 03:53:34] BitMEX_Arthur : If you are looking for liquidity please trade `XBTQ15`
[2015-08-20 03:53:41] BitMEX_Arthur : 25x leverage on the Bitcoin/USD price
[2015-08-20 03:53:43] j8 : Micio: VOL for volatility, not volume
[2015-08-20 03:53:57] Micio : so what's the daily volume in bitcoin
[2015-08-20 03:54:35] BitMEX_Arthur : in the past 24h 720 Bitcoin
[2015-08-20 03:54:39] BitMEX_Arthur : check out http://exchangewar.info/
[2015-08-20 03:55:41] Micio : I never traded with contracts, I'm a new trader with 200 bitcoin
[2015-08-20 03:55:46] Micio : how contract works
[2015-08-20 03:56:31] BitMEX_Arthur : Do you want to go long or short?
[2015-08-20 03:57:18] Micio : both
[2015-08-20 03:57:38] Micio : but for example i want to long
[2015-08-20 03:57:49] Micio : just want to know how it works
[2015-08-20 03:58:02] Micio : so i can decide to trade here with 0% fees instead of okcoin
[2015-08-20 03:58:09] Micio : and with a good leverage
[2015-08-20 03:59:25] BitMEX_Arthur : Say you want to go long 1,000 contracts of `XBTQ15`, place that size and a limit price. The UI will tell you how much Bitcoin that order is worth
[2015-08-20 03:59:45] BitMEX_Arthur : For each $1 move in the BTCUSD rate, you make 0.00001 Bitcoin
[2015-08-20 04:00:02] BitMEX_Arthur : Or if the price moves my 1%, you make 1% in Bitcoin
[2015-08-20 04:00:09] BitMEX_Arthur : and you can use up to 25x leverage
[2015-08-20 04:00:22] BitMEX_Arthur : so if you want to buy 100 Bitcoin worth of futures, you only have to put up 4 Bitcoin in margin
[2015-08-20 04:01:29] Micio : what mean "for each 1$ move"
[2015-08-20 04:01:31] Micio : what mean move
[2015-08-20 04:01:49] BitMEX_Arthur : If the price goes from 100 to 101 you make 1 * 0.00001
[2015-08-20 04:02:17] Micio : whats the difference of do it with contracts instead of normal trading
[2015-08-20 04:02:36] Micio : you can do leverage with normal trading
[2015-08-20 04:02:58] Micio : where I buy for example 1000 BTC with 100BTC (with 10x leverage)
[2015-08-20 04:03:08] Micio : and then sell it when i want (if i dont lose under margin)
[2015-08-20 04:04:01] TraderStefan : Micio: It's effectively the same
[2015-08-20 04:04:18] Micio : so what's the point of do it with contracts
[2015-08-20 04:04:20] Micio : i dont get it
[2015-08-20 04:08:33] Micio : BitMEX_Arthur: what's the price for singe contract
[2015-08-20 04:08:57] BitMEX_Arthur : For XBTQ15 to buy 1 contract $237.60
[2015-08-20 04:10:23] Micio : so wait
[2015-08-20 04:10:33] Micio : i pay 237$ (normal btc/usd price) for 1 contract
[2015-08-20 04:10:56] Micio : but I earn 0.00001btc per 1$ move
[2015-08-20 04:10:56] BitMEX_Arthur : no that's the price, you make the price you bought - the price you sold
[2015-08-20 04:11:04] BitMEX_Arthur : ok so here is the formula
[2015-08-20 04:11:22] BitMEX_Arthur : Profit = (P1 - P0) * 0.00001 * # of Contracts
[2015-08-20 04:11:29] BitMEX_Arthur : P1 is exit, P0 is entry price
[2015-08-20 04:11:40] BitMEX_Arthur : that's the BTCUSD rate you trade at, quoted in USD
[2015-08-20 04:11:52] Micio : so if P1 is 238 and P0 is 237
[2015-08-20 04:12:07] Micio : is 1* 0.0001 * 1
[2015-08-20 04:12:11] BitMEX_Arthur : correct
[2015-08-20 04:12:15] Micio : so if price go from 237 to 238
[2015-08-20 04:12:19] Micio : i gain 0.00001 BTC
[2015-08-20 04:12:22] Micio : are u kiddin me?
[2015-08-20 04:12:31] Micio : what's my earnings lol
[2015-08-20 04:12:39] BitMEX_Arthur : correct, that's why you see people trading thousands of contracts
[2015-08-20 04:12:44] Micio : i can buy it at 237 and sell 238 gaining 1 $ not 0.0001 btc
[2015-08-20 04:12:55] BitMEX_Arthur : currently 1 contract is only worth 0.0024 Bitcoin
[2015-08-20 04:13:14] BitMEX_Arthur : so if you want to trade a bigger notional just trade more contracts
[2015-08-20 04:13:40] Micio : so the orders with 1000 contracts = 1000 * ~237$
[2015-08-20 04:14:03] Micio : so people are placing order of 237000$
[2015-08-20 04:14:05] BitMEX_Arthur : 1000 * 237 * 0.00001 = Bitcoin Equivilant value
[2015-08-20 04:14:18] BitMEX_Arthur : You have to include the 0.00001 multiplier
[2015-08-20 04:14:19] Micio : excuseme
[2015-08-20 04:14:33] Micio : but 1 contract = 237$ or 0.0024 btc
[2015-08-20 04:14:41] BitMEX_Arthur : Bitcoin Value = Price * 0.00001 * # of Contracts
[2015-08-20 04:15:31] BitMEX_Arthur : If you buy 100 contracts at a price of $100, you have a position worth 0.1 BTC
[2015-08-20 04:15:43] BitMEX_Arthur : 100 * $100 * 0.00001
[2015-08-20 04:16:11] Micio : 100 contracts at the price of 100$ mean 100000$ or 100$ total
[2015-08-20 04:16:40] Micio : this system is not easy to understand for me :D
[2015-08-20 04:16:44] BitMEX_Arthur : Price * Contracts * 0.00001 = $100 * 100 Contracts * 0.00001 = 0.1 Bitcoin
[2015-08-20 04:16:59] BitMEX_Arthur : If you type in a quantity and price into the order controls it tells you how much Bitcoin it is worth
[2015-08-20 04:17:04] BitMEX_Arthur : you don't need to do any of this math
[2015-08-20 04:18:18] Micio : i will try to understand
[2015-08-20 04:18:19] Micio : but
[2015-08-20 04:18:30] Micio : is your site making possible to trade my 200 bitcoin
[2015-08-20 04:18:35] BitMEX_Arthur : yes
[2015-08-20 04:18:50] Micio : or i must wait days before users cover my order
[2015-08-20 04:19:07] BitMEX_Arthur : Depends on the price you want to buy or sell at
[2015-08-20 04:19:30] BitMEX_Arthur : The most liquid contract is `XBTQ15` there are market makers who will trade against you
[2015-08-20 04:19:38] Micio : ok nice
[2015-08-20 04:19:54] Micio : what's the volume of XBTQ15 only
[2015-08-20 04:19:56] Micio : daily
[2015-08-20 04:20:03] Micio : just to know
[2015-08-20 04:20:39] BitMEX_Arthur : 250 - 500 Bitcoin, but that will increase with more volatility
[2015-08-20 04:21:16] Micio : that's not good for me, its very low for daily trading
[2015-08-20 04:21:38] BitMEX_Arthur : I suggest you send a small amount of coin over and try us out
[2015-08-20 04:24:53] cengel : Arthur is tomorrow the feed switch from bfx to index?
[2015-08-20 04:25:05] BitMEX_Arthur : No, next Friday after settlement
[2015-08-20 04:29:28] cengel : ty
[2015-08-20 04:31:38] cengel : which index was it again? will live stream be availalble through websocket?
[2015-08-20 04:32:41] BitMEX_Arthur : XBX Index
[2015-08-20 04:32:54] BitMEX_Arthur : you can get a feed from TradeBlock's website
[2015-08-20 04:33:03] BitMEX_Arthur : not sure about websocket
[2015-08-20 04:39:04] cengel : okay as long as theres a feed somewhere im goo
[2015-08-20 04:40:41] cengel : need to see how it behaves intraday for swing trades
[2015-08-20 04:41:07] cengel : thought someone said here before it was proprietary
[2015-08-20 04:41:15] cengel : the index form
[2015-08-20 04:42:27] cengel : https://tradeblock.com/markets/index
[2015-08-20 04:42:39] cengel : it says to contact support for a stream. will it require to pay?
[2015-08-20 04:42:55] BitMEX_Arthur : I'm not sure, let me know what they say
[2015-08-20 04:47:53] cengel : that would be really weak if we have to pay for stream, and its pretty important to have to react to chnges proper
[2015-08-20 04:48:19] cengel : and if i'ts proprietary i can't even manually compute it from the individual streams from exch
[2015-08-20 04:49:39] cengel : but i sent them an email ill let you
[2015-08-20 04:49:46] cengel : know
[2015-08-20 04:50:33] j8 : we might have to have a reverse engineering contest
[2015-08-20 04:50:37] BitMEX_Arthur : We will publish the weightings of each index
[2015-08-20 04:50:41] BitMEX_Arthur : sorry each exchange
[2015-08-20 04:50:57] BitMEX_Arthur : so using their last prices you can reconstruct the index if you wanted
[2015-08-20 04:51:16] cengel : oh I guess I misread earlier when someone said there was a proprietary ingredien
[2015-08-20 04:51:34] BitMEX_Arthur : There is, but they provide the weightings to us as they change
[2015-08-20 04:51:50] cengel : how dynamic is the change? daily?
[2015-08-20 04:52:53] j8 : cengel: from what i know its very rapid, mainly to suppress an exchange that deviates from the rest
[2015-08-20 04:54:03] BitMEX_Arthur : Correct, so in a situation like yesterday when Bitfinex was $40-$60 off from the rest of the market
[2015-08-20 04:54:07] j8 : and there is a volume weighting, but its based on recent/historical volume, not instantaneous
[2015-08-20 04:54:14] BitMEX_Arthur : that would be suppressed
[2015-08-20 04:57:34] j8 : there's this blog post from may: https://tradeblock.com/blog/analysis-of-bitfinex-anomalies-and-xbx-performance
[2015-08-20 04:57:46] j8 : might need a part 2 lol
[2015-08-20 04:59:13] BitMEX_Arthur : truth
[2015-08-20 05:03:33] cengel : j8, eek, might be really irritating to try and replicate then
[2015-08-20 05:04:08] cengel : and if it cant be replicated or otherwise streamed, can be hard to know how deep to react to a price move
[2015-08-20 05:04:19] j8 : yes i have all the same concerns
[2015-08-20 05:04:36] cengel : sorry if i'm late to this i only saw it mentioned before
[2015-08-20 05:06:47] cengel : Arthur is there an ETA on custom margin level isolation?
[2015-08-20 05:06:53] cengel : Sam mentioned it was on list
[2015-08-20 05:07:30] cengel : 25x is a bit rough when it gets choppy and you want a multi-day position
[2015-08-20 05:08:23] cengel : and 3x isnt sexy enough for spec. so somewhere in between would be nice to isolate margin
[2015-08-20 05:13:51] BitMEX_Arthur : I don't have an ETA on that for you, all I can say is to deposit more Bitcoin and not isolate margin
[2015-08-20 05:16:01] cengel : but if you isolate and you have a position that swings hard against you, it limits your loss to the liq price no matter what. exit less controllable without
[2015-08-20 05:16:15] cengel : so its not the solution im thinking of
[2015-08-20 05:16:22] BitMEX_Arthur : I understand the usefulness we are prioritising it
[2015-08-20 05:16:35] BitMEX_Arthur : but can't give an ETA
[2015-08-20 05:16:46] cengel : ok np ty
[2015-08-20 10:12:34] totoboy : Hello admin
[2015-08-20 10:12:40] totoboy : u there?
[2015-08-20 10:13:08] totoboy : just need to ask what time (Chile time) do the contracts expire on friday?
[2015-08-20 11:50:09] ksinvest : cengel: the costs for tradeblock's full api access is $300/month, didn't have time yet to test if it is faster than the public websocket they use to display "real-time" data on their website (they may get into legal troubles if it was, so very unlikely)
[2015-08-20 12:28:11] krtek.net : http://shitco.in/2015/08/19/the-bitcoin-xt-trojan/
[2015-08-20 13:25:40] gustavo7 : ETH moving up on low daily volume (poloniex) what does it mean?
[2015-08-20 13:40:42] lazerdye : I think it's just noise right now, it's still in a noisy bull channel.
[2015-08-20 13:42:12] gustavo7 : but will it stop my short at the top? ;)
[2015-08-20 13:43:19] lazerdye : Maybe... maybe not?
[2015-08-20 13:43:21] gustavo7 : (means i am short, have a stop somewhere 6xx)
[2015-08-20 13:43:40] gustavo7 : it's like a slow trainwreck for this position
[2015-08-20 13:44:58] lazerdye : It's a bull channel, but eth has surprised me a few times since trading began, so who knows.
[2015-08-20 13:52:06] null : given that its the most interesting crypto since bitcoin, might climb to #2 in market cap. Shorting is risky, you want to wait for crazy pump to short it.
[2015-08-20 14:22:37] cengel : @ksinvest that's a shame
[2015-08-20 15:09:01] cengel : actually I just got response from them
[2015-08-20 15:13:44] cengel : they say bitmex should have it: http://i.imgur.com/d5y4ci5.png though i dont know if this refers to proper stream
[2015-08-20 15:37:08] miratrader : gustavo7: I think your short should save, ETH will not hold 0.6. I'm short from 0.6 again.
[2015-08-20 15:37:22] miratrader : * should be safe
[2015-08-20 17:09:52] BitMEX_Sam : cengel: Yeah, we'll be pushing updates out the ws
[2015-08-20 17:20:53] seaplusplus : I placed a withdraw about 13 hours ago. Should that have been processed at 12:00 UTC?
[2015-08-20 17:42:53] BitMEX_Arthur : seaplusplus: They are being processed now
[2015-08-20 17:50:28] seaplusplus : ok thanks!
[2015-08-20 17:54:54] GAmma : Arthur, is there a place to see When an order was filled?
[2015-08-20 17:55:12] GAmma : in 'order history' I think it lists the time it was placed
[2015-08-20 17:55:23] BitMEX_Arthur : There is a tab called Fills
[2015-08-20 17:56:50] GAmma : Fills tab yes, but only one time listed and I think that is the time order is placed (?)
[2015-08-20 17:57:26] BitMEX_Arthur : What view are you using?
[2015-08-20 17:57:39] GAmma : I toggled over to advanced view
[2015-08-20 17:58:11] BitMEX_Arthur : So you don't want to know the time the order was placed?
[2015-08-20 17:58:14] BitMEX_Arthur : Just when it was filled?
[2015-08-20 17:58:24] GAmma : I'd like to see when they were filled
[2015-08-20 17:58:53] GAmma : I got a couple weird (good) fills overnight
[2015-08-20 17:59:20] GAmma : but chart doesn't cross my prices, lol
[2015-08-20 18:00:32] GAmma : nevermind, I see the trades on the 'recent trade history'
[2015-08-20 18:01:08] GAmma : ETH I got filled at .0049 and .0046
[2015-08-20 18:01:14] GAmma : guess I got lucky
[2015-08-20 18:01:53] BitMEX_Arthur : GAmma: We have some things we need to change about how we display Fills, we will update and get back to you on that
[2015-08-20 18:02:17] GAmma : no worries, very minor thing
[2015-08-20 18:02:23] GAmma : I found my fills
[2015-08-20 18:02:25] BitMEX_Arthur : https://www.bitmex.com/app/tradeHistory
[2015-08-20 18:02:36] BitMEX_Arthur : you can query all your executions
[2015-08-20 18:03:50] GAmma : that is a cool tool
[2015-08-20 18:05:05] GAmma : got filled on the ETH spike 1 hr ago.
[2015-08-20 18:05:47] GAmma : didn't see a candle that low on my chart ... lol
[2015-08-20 18:05:53] cengel : @BitMex_Sam wonderful thanks
[2015-08-20 19:34:17] j8 : yeah someone was selling `ETH` hard considering it expires tomorrow
[2015-08-20 19:57:44] j8 : sure enough, part II: https://tradeblock.com/blog/bitfinex-flash-crash-analysis
[2015-08-20 21:16:55] stf28 : eth climbing hard !
[2015-08-20 21:18:01] lazerdye : Yeah, I'm just wondering if it will drop hard too...
[2015-08-20 21:18:38] cowtung : it's organic growth. ;)
[2015-08-20 21:19:00] stf28 : would be nice if it would drop <em>after</em> settlement
[2015-08-20 21:20:21] stf28 : pumping eth it just tens of BTC
[2015-08-20 21:20:26] stf28 : cheap !
[2015-08-20 21:21:41] cowtung : yeah, go long on mex, pump, dump after settlement, repeat
[2015-08-20 21:22:19] stf28 : *go short, repeat ^^
[2015-08-20 21:24:08] stf28 : ah, don't think it will stop here, investors have a long road ahead considering the price they pre-bought it
[2015-08-20 21:24:50] j8 : pretty hard to get a big enough position here to make it worth it at the moment
[2015-08-20 21:52:25] cowtung : how does eth pump on this news? https://blog.ethereum.org/2015/08/20/security-alert-consensus-issue/
[2015-08-20 21:57:43] BitMEX_Arthur : Because it's a shitcoin
[2015-08-20 22:06:07] stf28 : cowtung: arf just geth client implementation's problem... 60k shares sold in the wild, price doesn't tank...
[2015-08-20 22:35:23] GAmma : lol
[2015-08-20 22:35:58] GAmma : eth news ...
[2015-08-20 22:37:20] GAmma : so, we shud change the ticker from ETH to SHT
[2015-08-21 00:12:06] BitMEX_Arthur : https://blog.bitmex.com/bitfinex-flash-crash-postmortem/
[2015-08-21 00:33:52] gustavo7 : r u kidding me, lol eth
[2015-08-21 00:34:42] gustavo7 : i was in a loosing short, but it got down to a bit better than breakeven
[2015-08-21 00:35:08] gustavo7 : now it got up and ate my stop limit, so i'm long... in profit !!!
[2015-08-21 02:25:37] ksinvest : if anyone is interested in reverse engineering my mm bot - i will double the profits you make if you show me how you did it. https://twitter.com/nanexllc/status/634549397099970560
[2015-08-21 02:27:21] ksinvest : (i'm not nanex but robotfinance, tweet was just to show off... find data for 5000 orders there and see my bot's bugs)
[2015-08-21 02:59:33] j8 : ksinvest: cool thanks for posting
[2015-08-21 03:24:40] j8 : nice job weathering that storm.
[2015-08-21 06:43:34] krtek.net : If anyone else spent 2 days searching wtf he did wrong with his bot so he doesn't work anymore, just replace your orderbook25 with orderbook10 subscription.
[2015-08-21 06:44:03] krtek.net : Thank you verymuch bitmex... Is there any way I can get notified about this crucial api changes?
[2015-08-21 06:49:48] krtek.net : To feel "like Haim Bodek"... impessivly abivalent feeling :D
[2015-08-21 06:56:48] krtek.net : https://youtu.be/GEAGdwHXfLQ?t=7m13s
[2015-08-21 08:26:47] ksinvest : krtek.net: +1
[2015-08-21 08:27:41] cengel : did they saay they were going to do withdrawals after settlement?
[2015-08-21 08:32:35] ksinvest : krtek.net: i lobbied Sam for <code>publicNotifications</code> in the ws api and have to admit i never subscribed. they are usually doing a great job here at BitMEX improving the system/market structure fast https://www.bitmex.com/app/wsAPI
[2015-08-21 08:36:05] krtek.net : (I was prepared to get slashed because I think they actually did some notification, I know about this channel and I'm not subscribed too). My goal was to 1. tell others about the change 2. make that refence to Bodek 3. make others know about that ws api.)
[2015-08-21 08:36:17] krtek.net : All the sameon me,it was on purporse :
[2015-08-21 08:36:20] krtek.net : :)
[2015-08-21 08:36:54] krtek.net : (if the channel is actually working, but I bet its automagic and it "just works")
[2015-08-21 08:44:22] krtek.net : hmmm... orderBook25 is still in the API, it's just not listed in on the wsAPI page under "top­ics are avail­able with­out au­then­ti­ca­tion:".
[2015-08-21 08:45:33] krtek.net : that means, a minor documentation bug on bitmex side, a race condition on my side....
[2015-08-21 08:47:29] krtek.net : such shame.... the last straw, time to complete rewrite, :)
[2015-08-21 08:48:29] krtek.net : I'm deeply sorry for accusing you of removing an important API without proper reasoning and documentation.
[2015-08-21 08:55:20] ksinvest : nice systemic intervention :)
[2015-08-21 11:21:46] djangotango : does the ETH7D end in an hour?
[2015-08-21 11:39:32] djangotango : i see a price of 0.0066 at poloniex for ether wouldn't that see a quick profit?
[2015-08-21 11:46:42] haxmb : djangotango its 2H weighter
[2015-08-21 11:46:47] haxmb : time weighted**
[2015-08-21 14:42:47] krtek.net : settlement order is pushing it of balance, sadly.
[2015-08-21 14:48:18] ilikepies69 : test
[2015-08-21 14:59:47] cengel : 60% dpe on xbtq15
[2015-08-21 15:06:44] GAmma : xbtq ... so longs got 'reblanced,' dpe rose as a result, and now longs might only enjoy ~40% of prospective gains
[2015-08-21 15:07:34] GAmma : so all longs will likely shift to the XBTU contract ..
[2015-08-21 15:08:06] GAmma : perhaps dpe should be common across all of the xbt contracts
[2015-08-21 16:38:03] sergio sardinha : ola
[2015-08-21 16:38:08] sergio sardinha : bom dia
[2015-08-21 16:38:18] sergio sardinha : como faço aqui em estou perdido em
[2015-08-21 16:48:13] j8 : and XBT7D settles at the same time? doesnt this just split liquidity
[2015-08-21 18:48:18] krtek.net : The mark price is style way of on ETH7D, this is probably a bug... `.ETHXBT` index looks just fine, so does `.ETHXBT2H`, I see no reason why makt price si 15 % lower than anything relevant.
[2015-08-21 18:49:57] krtek.net : It should be fixed od explained soon, because no matter how wrong mark price would be, it would move the market.
[2015-08-21 18:51:22] lnovy : STRML: could you look at that youtself or give a ring to somebody who can?
[2015-08-21 18:52:56] BitMEX_Arthur : We are taking a look
[2015-08-21 18:54:26] krtek.net : seriously taking an kraken ETHEUR into an average is shamefull... (wild guess)
[2015-08-21 18:57:10] BitMEX_Arthur : Fixed
[2015-08-21 18:57:34] krtek.net : thanks :)
[2015-08-21 18:57:44] krtek.net : how much on track was my guess? :)
[2015-08-21 18:58:09] BitMEX_Arthur : The prior week's contract was trading at a large discount to spot yday
[2015-08-21 18:58:28] BitMEX_Arthur : We adjusted the fair price to reflect, we just needed to remove that adj
[2015-08-21 18:58:35] GAmma : is bitmex the only place to short ETH?
[2015-08-21 18:58:53] BitMEX_Arthur : Yes BitMEX is the only place to short ETH with Bitcoin
[2015-08-21 18:59:04] BitMEX_Arthur : because on margin trading platforms you need to borrow ETH
[2015-08-21 19:00:22] GAmma : nice ...
[2015-08-21 19:01:19] GAmma : Arthur u are a pretty sophisticated trader I know ...
[2015-08-21 19:01:42] krtek.net : Indicative settlement price and mark price are diffrent things, no? I would understand the adjustment on indicative, but the mark price is not predicting anything, no need to be adjusted, simple easing is good enough no?
[2015-08-21 19:01:43] GAmma : u think ETH on Bitmex should lead the other markets, at least on the downside?
[2015-08-21 19:02:05] BitMEX_Arthur : It's fixed vs. variable interest rates
[2015-08-21 19:02:18] BitMEX_Arthur : margin trading is variable, with futures you lock in an interest rate
[2015-08-21 19:02:37] GAmma : ok, ... lol
[2015-08-21 19:02:54] BitMEX_Arthur : futures will lead the market when there is disruption in the flow of credit on a margin trading platform
[2015-08-21 19:03:04] BitMEX_Arthur : or if ETH deposits and withdrawals are halted
[2015-08-21 19:03:05] GAmma : I'm a CFA ... chartered analyst
[2015-08-21 19:03:21] GAmma : and that went right over my head .. lol
[2015-08-21 19:03:34] GAmma : but I get it basically, tks
[2015-08-21 19:04:03] BitMEX_Arthur : currency futures are just two bonds
[2015-08-21 19:04:09] BitMEX_Arthur : and the interaction between the two
[2015-08-21 19:04:31] BitMEX_Arthur : properly pricing them has nothing to do with your view on the direction of spot
[2015-08-21 19:04:40] BitMEX_Arthur : which is why many Bitcoin traders get rekt
[2015-08-21 19:05:17] GAmma : 'disruption in the flow of credit'
[2015-08-21 19:05:43] GAmma : is inability to borrow and short, or need to hold ETH to short, consitute a 'disruption of credit' ?
[2015-08-21 19:06:36] BitMEX_Arthur : well with margin trading you need to borrow ETH
[2015-08-21 19:06:53] BitMEX_Arthur : if that is not possible then futures are the only way
[2015-08-21 19:11:26] GAmma : Kraken & Poloniex both enable short-selling ETH?
[2015-08-21 19:11:37] GAmma : anyone know the interest rates they charge?
[2015-08-21 19:11:46] GAmma : (I don't have accounts at either.)
[2015-08-21 19:11:52] BitMEX_Arthur : i think on polo it's around 0.2% per day
[2015-08-21 20:28:34] hashman : hi still learning how to use this. I had position open on ETH - it seems to have closed. does that happen automatically on fridays?
[2015-08-21 20:39:53] BitMEX_Arthur : Yes
[2015-08-21 20:40:01] BitMEX_Arthur : ETH7D expires every Friday at 12:00 GMT