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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[2016-06-28 18:38:06] turtlefight : didnt the majority of miners already implement the softfork?
[2016-06-28 18:39:02] RoftheN : Well yes, but it will only take effect if block 180000 or something is below 4000 gas, and potentially the gas could go above 4000 again, stopping the fork. But in that case the DAO attacker will be able to spend his funds in a week or two. I'm voting for hardfork.
[2016-06-28 18:41:03] turtlefight : how long until block 180000?
[2016-06-28 18:41:33] Tetsuo : 180000-actual block
[2016-06-28 18:42:10] RoftheN : 1800000* I mean
[2016-06-28 18:42:50] turtlefight : its at 1788480 now
[2016-06-28 18:42:53] RoftheN : 1800000 -1788481
[2016-06-28 18:43:12] turtlefight : 11519 blocks remain
[2016-06-28 18:43:29] RoftheN : 2 days
[2016-06-28 18:44:05] RoftheN : 11519*15s / 60s/60min/24hours
[2016-06-28 18:44:10] turtlefight : 46 hours exactly
[2016-06-28 18:44:23] RoftheN : But
[2016-06-28 18:44:27] RoftheN : It's not exactly 15s per block
[2016-06-28 18:44:37] turtlefight : i used 16.6
[2016-06-28 18:44:48] turtlefight : no
[2016-06-28 18:44:54] turtlefight : 14.4
[2016-06-28 18:45:30] turtlefight : according to etherchain.org
[2016-06-28 18:45:52] RoftheN : Well about two days, who cares about the exact hour
[2016-06-28 18:46:03] turtlefight : yep
[2016-06-28 18:46:10] turtlefight : so 2 days to fix it
[2016-06-28 18:46:35] RoftheN : And then like 10 more before the attacker can access his Child DAO
[2016-06-28 18:47:23] turtlefight : wouldn't it be better to undo the soft fork and call this piece of daoshit a day?
[2016-06-28 18:48:35] RoftheN : Meh, I wouldn't want the attacker to have that much ETH
[2016-06-28 18:48:46] RoftheN : Maybe if he agrees to send 95% back
[2016-06-28 18:51:57] Rado : They can freeze the ETH in the DAO
[2016-06-28 18:52:17] Rado : the people will lose, but attacker will not have anything either
[2016-06-28 18:52:24] Rado : call it failed experiment
[2016-06-28 18:52:52] RoftheN : That sounds nice tbh
[2016-06-28 18:52:53] jung1 : will buy some eth at 0.01
[2016-06-28 18:53:28] RoftheN : I will long if it reaches 0.015. Eth isn't done, I trust the dev team to fix this
[2016-06-28 18:53:59] jung1 : yeah
[2016-06-28 19:03:21] REKT : Liquidated short on `ETHXBT`: Buy 240 @ 0.01825
[2016-06-28 19:04:37] kushkush : is there an admin available? is it possible to request a withdrawal to be processed today? otherwise gotta wait till tomorrow :/
[2016-06-28 19:16:51] nip : i think 3 admins need to be available\
[2016-06-28 19:21:11] BitMEX_Sam : kushkush: Sorry, next withdrawal period is at 13:00 UTC
[2016-06-28 19:33:01] kushkush : thats a bummer :(
[2016-06-28 19:33:44] d_ : Def. not good for us hedgers that might need more frequent withdrawals to cover other positions elsewhere..
[2016-06-28 19:34:05] d_ : BitMEX_Sam: Any chance 2 partners will be available to process manual withdrawal in the next few hours?
[2016-06-28 19:34:40] BitMEX_Sam : Sorry, no, d_ - this is our risk mitigation model and it has been this way for over a year and a half
[2016-06-28 19:34:51] BitMEX_Sam : We rarely make exceptions because if we did, we'd have to make them every day
[2016-06-28 19:36:42] d_ : Understood. I like your platform and how your exchange works, but the withdrawal rule puts me in a tight spot. Will you reconsider this rule in the future? It's really disadvantageous to us hedgers, especially during days like today.
[2016-06-28 19:37:00] kushkush : ^+1 should have an alternative
[2016-06-28 19:38:41] BitMEX_Sam : At some point we may consider a small hot wallet with per-user and per-day limits, but it is not high on our priority list right now
[2016-06-28 19:39:19] d_ : Alright, thanks for elaborating.
[2016-06-28 19:40:08] BitMEX_Sam : We have all seen a large number of exchanges have significant issues caused by hot wallets. If we deploy one, it will need a significant effort to ensure it is secure
[2016-06-28 19:44:02] d_ : I can understand that, and I'd be cautious, too. But why limit withdrawals to 1 a day? Is that the only time more than 1 partner is available for the multi-sig wallet? I'm sure you guys have many things to take care of throughout the day; but if more than 1 partner is available to manually process a withdrawal to get a (new) customer out of a jam, wouldn't that help you retain that customer for future business?
[2016-06-28 19:44:20] sq : BitMEX_Sam: perhaps you could do 2x a day?
[2016-06-28 19:44:25] sq : i think most clients would appreciate it
[2016-06-28 19:44:29] kushkush : yea 2x or even better 4x a day would be great
[2016-06-28 19:44:48] BitMEX_Sam : It requires a majority of partners to process withdrawals and we are on different sides of the world
[2016-06-28 19:45:09] BitMEX_Sam : We occasionally process withdrawals if the situation is exceptional but we don't like to make a habit of it as every withdrawal goes through manual review.
[2016-06-28 19:45:12] d_ : I don't mean to put you in a tough spot with your partners; I simply mention this stuff as I see it. And by the looks of it, I'm not the only one.
[2016-06-28 19:45:37] REKT : Liquidated short on `ETHXBT`: Buy 40 @ 0.01876
[2016-06-28 19:45:37] REKT : Liquidated short on `ETHXBT`: Buy 15 @ 0.01874
[2016-06-28 19:45:56] BitMEX_Sam : To be honest, we very rarely have complaints about this. We find most customers appreciate that we take wallet security this seriously.
[2016-06-28 19:45:57] sq : i think theres a tradeoff between security and convenience.. n perhaps it would be better to find somewhere closer to the middle
[2016-06-28 19:51:13] ayy_lmao : i prefer security over convenience
[2016-06-28 19:52:01] Adura : Create a hot wallet pool for impatient people, with interest that exists only as margin. When you withdraw from the pool you lose the interest.
[2016-06-28 19:52:22] Adura : They would be somewhat compensated for their risk.
[2016-06-28 19:53:11] aethlios : Hello all, china above bitfinex, devaluation fears again, miners selling maybe stopped
[2016-06-28 19:54:06] Adura : Not to say a sending money to bitmex right now is 0 risk...
[2016-06-28 19:55:17] Adura : *-a
[2016-06-28 20:34:06] sq : btc looks primed for a move up
[2016-06-28 20:39:50] mbaril : correction to 4200 ?
[2016-06-28 20:41:00] mbaril : no real support before 4200 on cny market strange
[2016-06-28 21:07:44] Rado : http://www.coindesk.com/ethereum-vulnerability-may-prevent-soft-fork/
[2016-06-28 21:11:29] fineregex : BitMEX_Sam: there?
[2016-06-28 21:11:33] BitMEX_Sam : Yes
[2016-06-28 21:16:42] fineregex : BitMEX_Sam: cool, can you temporary raise my limit again to buy more of the ethereum dip, if it goes even lower?
[2016-06-28 21:16:58] BitMEX_Sam : As in your risk limit?
[2016-06-28 21:17:46] fineregex : yes
[2016-06-28 21:18:00] BitMEX_Sam : At this point in time we aren't increasing that limit, you can avoid it by reducing positions or creating another account
[2016-06-28 21:18:11] BitMEX_Sam : I'll ping Wally when he's up to see if we can make any exceptions to that
[2016-06-28 21:18:51] fineregex : im just trying to provide some liquidity and reduce the 0.25% interest per 8 hours, while shorting eth at poloniex
[2016-06-28 21:19:20] fineregex : not more risky to have positions in contrary markets
[2016-06-28 21:19:48] BitMEX_Sam : I agree with you on that. I'll bring it up to him
[2016-06-28 21:21:40] Rado : what is the limit right now fineregex?
[2016-06-28 21:21:51] Rado : I thought it was 500 btc
[2016-06-28 21:21:55] BitMEX_Sam : It is
[2016-06-28 21:23:44] Rado : you can buy more than 25k contracts
[2016-06-28 21:24:06] Rado : I doubt you shorted more than 500 BTC worth of ETH, but what do I know
[2016-06-28 21:24:10] Rado : I am a small fish
[2016-06-28 21:25:51] fineregex : Rado: yes but it is combined for all your positions
[2016-06-28 21:27:10] men : bitcoin so stable :D... looking for a pump ?
[2016-06-28 21:27:31] RoftheN : FINALLY STABLE BUT LETS PUMP IT SO ITS VOLATILE AGAIN
[2016-06-28 21:27:35] fineregex : BitMEX_Sam: i could deposit btc in a second account i guess but it would actually be more risky han the cross leverage
[2016-06-28 21:28:27] BitMEX_Sam : Should be the same if split, your effective leverage would be the same.
[2016-06-28 21:28:46] fineregex : BitMEX_Sam: no, because i dont want to increase other positions, only ethereum
[2016-06-28 21:29:36] BitMEX_Sam : Okay. I'm going to give you a small tick upward until Wally is around and we can discuss re: segmenting positions
[2016-06-28 21:30:00] fineregex : ok i deposit
[2016-06-28 21:34:04] Skitrx : hmm which way is it gonna go
[2016-06-28 21:44:42] Tetsuo : up & away
[2016-06-28 21:45:47] sq : Skitrx: upupup
[2016-06-28 21:46:53] cekseh : Don't forget to fomo guys.
[2016-06-28 21:47:06] cekseh : There's always time to fomo
[2016-06-28 21:48:05] fineregex : BitMEX_Sam: ...thanks, is it possible to make a wash order? (sell to yourself, just burning fees)
[2016-06-28 21:49:22] BitMEX_Sam : No actual transaction occurs if you do that, no trade posts in the ticker, but it does cost fees.
[2016-06-28 21:49:35] BitMEX_Sam : You can also test behavior like that on https://testnet.bitmex.com/ if you are unsure of specifics
[2016-06-28 21:50:01] fineregex : BitMEX_Sam: that is not and accurate solution
[2016-06-28 21:50:06] RoftheN : Wow a testnet, how useful
[2016-06-28 21:50:24] sq : BitMEX_Sam: are the trades there virtual?
[2016-06-28 21:50:37] BitMEX_Sam : It's a copy of the exchange but based on Testnet Bitcoin, which is valueless
[2016-06-28 21:50:51] fineregex : BitMEX_Sam: it should be disabled either - or if you want it and it costs real fees, then it should also appear on the real market.
[2016-06-28 21:50:57] sq : cool, how do i set bitcoins der?
[2016-06-28 21:50:58] BitMEX_Sam : It's otherwise identical. Users are separate, the blockchain & balances are separate. It also receives updates first
[2016-06-28 21:51:02] sq : as in "deposit"
[2016-06-28 21:51:03] BitMEX_Sam : See the deposit page on that site sq
[2016-06-28 21:51:07] sq : ok
[2016-06-28 21:51:09] sq : tks
[2016-06-28 21:51:43] BitMEX_Sam : fineregex: Wally could elaborate more on why we chose that, but there are a number of regulatory reasons to not allow wash trading to show on the ticker.
[2016-06-28 21:52:24] fineregex : sq: yes please go try everything +1
[2016-06-28 21:52:31] sq : lol
[2016-06-28 21:54:06] fineregex : BitMEX_Sam: yes, but then the fees should also be disabled, when it is only your own orders chanceling each other out. YOu shouldnt take fees for illogical clicking that has no real effects.
[2016-06-28 21:54:50] BitMEX_Sam : It does have effects. You could, for instance, attempt to overload the matching engine by wash trading with yourself all day.
[2016-06-28 21:55:05] fineregex : (if i got you right that it actually costs fees yet)
[2016-06-28 21:55:24] justinlooking : reread it fineregex
[2016-06-28 21:55:48] BitMEX_Sam : If you're accidentally trading with yourself, I would suggest paying more attention to where you place orders as that kind of inattention is dangerous in a real market.
[2016-06-28 21:55:51] REKT : Liquidated short on `ETHXBT`: Buy 3 @ 0.01900 :punch: :whale:
[2016-06-28 21:56:03] justinlooking : oh wait ignore me, wasted
[2016-06-28 21:56:14] fineregex : BitMEX_Sam: im not
[2016-06-28 21:56:53] BitMEX_Sam : Then it won't be an issue.
[2016-06-28 21:57:34] fineregex : BitMEX_Sam: it sounds far fetched, the option of attacking the engine's increased alertnes for orders compared to any DOOS but through burning fees
[2016-06-28 21:58:14] BitMEX_Sam : Well, comparatively, the most expensive operation the trading engine can do is placing/replacing/matching orders. Fetching data is extremely cheap in comparison.
[2016-06-28 22:04:06] fineregex : BitMEX_Sam: except if it could prioritized by size
[2016-06-28 22:04:32] fineregex : BitMEX_Sam: "replacing triggers another question, can i edit orders easily?
[2016-06-28 22:04:53] BitMEX_Sam : Yes, see https://www.bitmex.com/api/explorer/#!/Order/Order_amend
[2016-06-28 22:05:04] BitMEX_Sam : You can amend a single order or multiple orders in a single call.
[2016-06-28 22:05:10] fineregex : like text editing mode of the active orders table
[2016-06-28 22:05:14] fineregex : thanks lets see
[2016-06-28 22:05:29] BitMEX_Sam : There's no support on the frontend for that just yet.
[2016-06-28 22:06:08] Tetsuo : Buy all the BTC! or get left behind
[2016-06-28 22:07:05] fineregex : Tetsuo: please buy on bitfinex though and keep the interest rate low here ;)
[2016-06-28 22:08:07] luckynuke : cny > $
[2016-06-28 22:08:43] Tetsuo : fineregex: i leave the buyin for the fomo buyers as i am already in position
[2016-06-28 22:11:54] kushkush : what IRC's channels do you guys visit for bitcoin trading chat
[2016-06-28 22:13:44] ayy_lmao : irc is dead
[2016-06-28 22:13:47] ayy_lmao : telegram
[2016-06-28 22:16:18] kushkush : whats good channels in telegram then
[2016-06-28 22:16:47] kingscrown : posted 5h ago, who gives better public tips ^^ https://twitter.com/kingscrownBTC/status/747847536770154496
[2016-06-28 22:19:58] mbaril : kingscrown: ahaha 2 sec before this little crash :P
[2016-06-28 22:36:41] mbaril : that was not even a liquidation :P
[2016-06-28 22:39:37] micmix : BitMEX_Sam: is it possible to whitelist my server IP with cloudfare? I'm nowhere near the API ratelimit but cloudfare complains sometimes
[2016-06-28 22:39:47] BitMEX_Sam : micmix: We don't use cloudflare
[2016-06-28 22:39:50] zanza : nice try hacker
[2016-06-28 22:40:13] BitMEX_Sam : I did just push an API update so you may have seen a temporary disconnect.
[2016-06-28 22:40:50] micmix : BitMEX_Sam: ok, your proxy then. Something sends HTML with You have been initiating too many requests.
[2016-06-28 22:41:20] BitMEX_Sam : Ah that is the proxy, if you're getting that it means you've sent a very large number of requests very quickly.
[2016-06-28 22:42:03] micmix : what's the limit for the proxy?
[2016-06-28 22:42:20] BitMEX_Sam : Let me check which one you hit.
[2016-06-28 22:42:47] micmix : 2016-06-28T22:37:06.815Z
[2016-06-28 22:47:00] BitMEX_Sam : Interesting. There is a bug, it appears the proxy is counting the entirety of your websocket transaction as a single request/response pair at its termination, then temporarily ratelimiting you because it believes you've caused a large amount of traffic
[2016-06-28 22:47:11] BitMEX_Sam : I'll work in a fix ASAP.
[2016-06-28 22:47:32] Tetsuo : mbaril: get ready to get rekt, doesn´t matter of you´re long or short, people like you will always get rekt : - )
[2016-06-28 22:52:53] micmix : BitMEX_Sam: thanks Sam. yes, it happened right after websocket disconnect
[2016-06-28 22:53:25] BitMEX_Sam : Yeah. Strange bug but I suppose it makes sense. I'll update you when I fix it. Thanks for alerting me.
[2016-06-28 22:54:55] BitMEX_Sam : Actually @micmix I've disabled the check for now as it is dangerous for users to lose API connectivity during normal use. I won't re-enable it until the bug is fixed.
[2016-06-28 22:59:04] BitMEX_Sam : A new API Changelog is up. https://www.bitmex.com/app/apiChangelog
[2016-06-28 22:59:38] fineregex : https://www.betmoose.com/bet/will-ethereum-hard-fork-to-circumvent-the-dao-hack-1964
[2016-06-28 23:07:01] fineregex : found another bitmex-regex <3
[2016-06-28 23:07:13] rapidtrades : guys relax
[2016-06-28 23:07:34] fineregex : rapidtrades: who didnt?
[2016-06-28 23:10:18] rapidtrades : god im bored
[2016-06-28 23:10:37] rapidtrades : brexit spoiled me tradingwise
[2016-06-28 23:18:05] micmix : BitMEX_Sam: thanks Sam. btw, thanks a lot for the filter on the funding history page :+1:
[2016-06-28 23:23:54] micmix : BitMEX_Sam: fee in the wallet history is zero for all my rebalances, something's wrong
[2016-06-28 23:32:48] micmix : BitMEX_Sam: orderbook display bug http://imgur.com/GbnrRpV
[2016-06-28 23:37:04] fineregex : BitMEX_Sam: what about adding a an amount of time to wait to impossible "post only" limit orders (orders expires after x seconds)?
[2016-06-28 23:45:49] BitMEX_Sam : micmix: zero fee on rebalances is expected
[2016-06-28 23:47:27] BitMEX_Sam : Thanks for the screenshot
[2016-06-28 23:48:07] fineregex : *wait for
[2016-06-28 23:50:10] fineregex : (having a quoque of marketmakers the spread would shrink)
[2016-06-28 23:51:24] fineregex : *queue :D
[2016-06-28 23:53:42] lockhedge : fineregex: how exactly did you plan making money with wash trading?
[2016-06-28 23:54:05] fineregex : lockhedge: i didnt
[2016-06-28 23:59:21] fineregex : lockhedge: i guess you could make money through constantly letting the last price look lower selling tiny amounts to yourself, yet it seems more sane not to allow it. Yet it *looks* greedy/inconsequent to me that some exchanges dont count/show it but still let you think it happend, taking the fee. (There could be a low anti-spam fee instead calculated differently)
[2016-06-29 00:00:51] REKT : Liquidated long on `XBTUSD`: Sell 21780 @ 644.42 **MEGA-REKT** :boom:
[2016-06-29 00:27:39] lockhedge : fineregex: you are demanding lower fees for people who failed to manipulate the market?
[2016-06-29 00:29:52] fineregex : lockhedge: no, already tried to repeated it
[2016-06-29 00:32:43] micmix : BitMEX_Sam: no, I have fee showing up for one rebalance 2016-06-23 08:00:00 but not for others. it's zero for all XBJ24H settlements as well. my guess is that negative fees do not show up, I have negative fees most days
[2016-06-29 00:35:16] lockhedge : @micmix "fee" in wallet history is DPE
[2016-06-29 00:36:01] micmix : lockhedge: really? I thought it's something useful like commissions + funding :(
[2016-06-29 00:46:25] lockhedge : micmix: yes, you have to sum up the `execComm` column of your trade history to calculate commissions/funding over a time period
[2016-06-29 00:47:11] micmix : lockhedge: yes, that's what I've been doing. I just thought that the new fee column does the same
[2016-06-29 00:47:50] BitMEX_Arthur : micmix: We will take a look into it
[2016-06-29 01:16:39] rapidtrades : PBOC sets yuan reference rate for today at 6.6324 (vs. yesterday at 6.6528)
[2016-06-29 01:16:57] rapidtrades : here we go...finally stepping on the break somewhat
[2016-06-29 01:26:53] adlai : Hello and sorry for asking the same question twice; I didn't see if I got an answer last time. Which API call shows the current fees/rates on the Swap contracts?
[2016-06-29 01:28:23] BitMEX_Arthur : adlai: Funding fee?
[2016-06-29 01:29:43] BitMEX_Arthur : use the `/instrument` endpoint
[2016-06-29 01:29:57] BitMEX_Arthur : https://www.bitmex.com/api/explorer
[2016-06-29 01:30:10] adlai : I see the fees in /instrument, but where are the fees paid from the loser to the winner?
[2016-06-29 01:31:03] BitMEX_Arthur : So if the `fundingRate` is positive then longs pay shorts, if it is negative then shorts pay longs
[2016-06-29 01:31:16] adlai : I see. Thank you!
[2016-06-29 01:43:01] REKT : Liquidated long on `XBTUSD`: Sell 7740 @ 638.63
[2016-06-29 01:43:27] rapidtrades : https://www.youtube.com/watch?v=ayojl7Op37A
[2016-06-29 01:48:29] mbaril : rapidtrades: what is the bottom ? Any idea ?
[2016-06-29 01:51:01] REKT : Liquidated long on `XBTUSD`: Sell 1100 @ 637.69
[2016-06-29 01:51:22] REKT : Abandon the ship!
[2016-06-29 01:51:22] REKT : Liquidated long on `XBTUSD`: Sell 910 @ 636.89
[2016-06-29 01:51:22] REKT : Liquidated long on `XBTUSD`: Sell 40 @ 636.92
[2016-06-29 01:51:22] REKT : Liquidated long on `XBTUSD`: Sell 1720 @ 637.13
[2016-06-29 01:52:42] REKT : Liquidated long on `XBTUSD`: Sell 207 @ 634.04
[2016-06-29 01:52:42] REKT : Liquidated long on `XBTUSD`: Sell 3500 @ 634.16
[2016-06-29 01:53:12] REKT : Liquidated long on `XBTUSD`: Sell 2800 @ 632.26
[2016-06-29 01:53:12] REKT : Liquidated long on `XBTUSD`: Sell 4060 @ 632.05
[2016-06-29 01:53:12] REKT : Liquidated long on `XBTUSD`: Sell 7328 @ 631.79
[2016-06-29 01:55:25] micmix : mbaril: there is no bottom except 0
[2016-06-29 01:55:33] mbaril : :p
[2016-06-29 01:55:46] mbaril : micmix: That is usefull thanks for perfect comment
[2016-06-29 02:00:17] lockhedge : rapidtrades: http://audiovisual.europarl.europa.eu/Assetdetail.aspx?id=dfa1b714-bec3-43ab-937d-a63300c080f9
[2016-06-29 02:01:22] boolander : farage, as well as dr. ron paul, will go down in history as legends.
[2016-06-29 02:02:05] subjective : Got wiped out @ 631.79 that was me
[2016-06-29 02:03:17] subjective : Got marked at 631.69 liquidated by 0.1, Need to go for less leaverage
[2016-06-29 02:04:47] REKT : Liquidated long on `XBTUSD`: Sell 6 @ 631.55
[2016-06-29 02:04:47] REKT : Liquidated long on `XBTUSD`: Sell 20297 @ 631.62 **MEGA-REKT** :boom:
[2016-06-29 02:04:51] REKT : Liquidated long on `XBTUSD`: Sell 3000 @ 631.45
[2016-06-29 02:05:22] REKT : Liquidated long on `XBTUSD`: Sell 12000 @ 631.10
[2016-06-29 02:05:46] mbaril : some big liquidation here
[2016-06-29 02:07:12] rapidtrades : bottom? idk not very hopeful for my long tbh
[2016-06-29 02:07:27] REKT : Liquidated long on `XBTUSD`: Sell 500 @ 628.90
[2016-06-29 02:07:33] REKT : Liquidated long on `XBTUSD`: Sell 100 @ 628.87
[2016-06-29 02:07:33] REKT : Liquidated long on `XBTUSD`: Sell 3600 @ 628.68
[2016-06-29 02:09:36] REKT : Liquidated long on `XBTUSD`: Sell 44800 @ 625.91 **MEGA-REKT** :boom:
[2016-06-29 02:09:47] REKT : Liquidated long on `XBTUSD`: Sell 1000 @ 625.53
[2016-06-29 02:10:07] REKT : Liquidated long on `XBTUSD`: Sell 200 @ 624.20
[2016-06-29 02:10:21] REKT : Liquidated long on `XBTUSD`: Sell 10 @ 623.31
[2016-06-29 02:13:42] mbaril : some support at 4150
[2016-06-29 02:21:04] ted : man eth is rekt
[2016-06-29 02:21:52] ted : I remember those massive buy walls at the 0.025 area
[2016-06-29 02:26:23] ted : some one needs bring them back here fast or we' going to 0.012 in no time
[2016-06-29 02:33:31] fineregex : you saw all the altcoin pumps few hours ago? Did the same people dump bitcoin now? if so, how many percent of bitcoin do they own. Can they sustain more dump? Next, will we see altcoins dumped back before bitcoin jumps up?
[2016-06-29 02:35:15] Rado : Ted 0.012 is fine with me
[2016-06-29 02:45:31] ted : i think it can hit 0.082
[2016-06-29 02:45:43] ted : sorry... 0.0082
[2016-06-29 03:03:06] fineregex : ted: i think it can hit 0.0001 and 0.1 both in a minute
[2016-06-29 03:03:53] ted : last week that was sure possible
[2016-06-29 03:03:54] fineregex : ted: at least, after all this would will serve the benefit to squeeze the pump and dump gangs all together
[2016-06-29 03:04:06] fineregex : ;)
[2016-06-29 03:44:24] micmix : BitMEX_Arthur, BitMEX_Wally: I have some constructive criticism of the way the funding rates are calculated ;) I would like to short more but the funding rate jumps too much and it's too risky to build bigger positions.
[2016-06-29 03:45:28] micmix : consider the following scenario: bitcoin pump after the dump. during the dump we trade with discount and the rate gets negative to like -0.5%. Then the pump starts.
[2016-06-29 03:46:23] micmix : discount turns into premium in a few hours and mm will build large short position. but the rates will become positive much later, in 16+ hours
[2016-06-29 03:47:22] micmix : mm will have to borrow to hedge paying for hedge on finex and paying for short here bc the rate is still negative
[2016-06-29 03:49:03] micmix : by the time funding rate turns positive the premium here can evaporate altogether
[2016-06-29 03:50:10] BitMEX_Arthur : micmix: Ok but the funding rate only goes positive once there is a prem
[2016-06-29 03:50:19] BitMEX_Arthur : so you have shorted above where you hedge correct
[2016-06-29 03:50:24] BitMEX_Arthur : ? ?
[2016-06-29 03:50:57] BitMEX_Arthur : so you pay the negative rate for a period, then sell above spot and hedge at spot, does that help your situation at all?
[2016-06-29 03:52:13] micmix : yes, I short above spot and hedge at spot, it helps a bit but it doesn't cover negative funding for 2-3 periods plus borrowing cost on finex
[2016-06-29 03:52:49] BitMEX_Arthur : so then you would only begin building your position once the rate was flat and the swap traded at a premium
[2016-06-29 03:52:55] micmix : funding adjusts too slowly bc it's limited to 0.35% per period. finex rates jump much faster
[2016-06-29 03:53:39] micmix : exactly, I will have to delay building my short until premium adjusts, reducing liquidity I can provide here
[2016-06-29 03:53:43] BitMEX_Arthur : well finex rates are per day, so even if they move faster, if you have a positive rate every 8 hours you will make more
[2016-06-29 03:54:06] BitMEX_Arthur : well the other scenario is that if the prem over spot covers the anticipated negative funding you will enter at flat
[2016-06-29 03:54:19] BitMEX_Arthur : assuming in one period it can go from negative to positive
[2016-06-29 03:54:48] BitMEX_Arthur : ok so understanding we have the constraint of maintenance margin what is your suggestion about an alternative way to calculate?
[2016-06-29 03:55:19] micmix : if I don't reserve finex margin in advance I will have to borrow at current FRR which jumps fast
[2016-06-29 03:56:15] BitMEX_Arthur : Right but the FFR rates have been very low compared to the prem the swap trades at during a pump
[2016-06-29 03:56:20] BitMEX_Arthur : so i think that's not a huge risk
[2016-06-29 03:56:44] BitMEX_Arthur : if it was representative we wouldn't have had the persistent prem we did when we just used the bfx rate differential
[2016-06-29 03:57:05] BitMEX_Arthur : 3.33x leverage vs. 50x leverage
[2016-06-29 03:57:32] micmix : you have a constraint on how fast you can adjust the rate bc of maint margin, and discount turns to premium much faster
[2016-06-29 03:58:15] BitMEX_Arthur : yes we don't want to insta rekt people at the funding time
[2016-06-29 03:59:53] micmix : maybe something like bfx rate multiplied by 5-6 to account for higher leverage here?
[2016-06-29 04:00:07] zanza : 5-6 is arbitrary
[2016-06-29 04:00:10] micmix : it will give us much more stable funding rate
[2016-06-29 04:00:27] micmix : max leverage on bitmex divided by max leverage on finex
[2016-06-29 04:00:35] zanza : the goal is stable price, not funding rate :)
[2016-06-29 04:00:52] BitMEX_Arthur : micmix: but that still doesn't mean the mark price will equal the traded swap price in the market
[2016-06-29 04:01:09] BitMEX_Arthur : this prem/disc adj helps keep the market in line with where it actually trades
[2016-06-29 04:01:21] BitMEX_Arthur : the arbitrage bfx * X still could run into same problems
[2016-06-29 04:01:28] BitMEX_Arthur : arbitrary
[2016-06-29 04:02:00] micmix : BitMEX_Arthur: the current system will not help when the market turns from dump to pump suddenly, we will have $20+ premium in a few hours
[2016-06-29 04:02:16] micmix : or vice versa
[2016-06-29 04:02:36] micmix : it's a tough nut to crack
[2016-06-29 04:05:07] micmix : if the rate is still negative and the pump starts I will have to move my asks up quickly to short higher in order to compensate for negative rate for the next 2+ periods and rising borrowing costs on finex
[2016-06-29 04:05:22] lockhedge : micmix: the only problem is that the rate cannot change more than 0.375% within 8 hours. this could be changed by having a leverage cap instead of a funding rate cap and/or by more frequent funding (updates).
[2016-06-29 04:06:00] micmix : lockhedge: yep, but reducing leverage will lead to less trading here and we don't want that
[2016-06-29 04:06:16] Phil.adth : hello
[2016-06-29 04:06:58] mbaril : BitMEX_Arthur: is there a maximum time for contract ?
[2016-06-29 04:07:11] BitMEX_Arthur : mbaril: What do you mean maximum time, expiry?
[2016-06-29 04:07:31] mbaril : BitMEX_Arthur: yeah well can I buy a long and keep it for let said 3 or 4 days ?
[2016-06-29 04:07:52] BitMEX_Arthur : mbaril: Yes XBTUSD you can buy and hold for as long as you like providing you don't get liquidated
[2016-06-29 04:08:19] BitMEX_Arthur : https://www.bitmex.com/app/swapsGuide
[2016-06-29 04:09:04] mbaril : thanks
[2016-06-29 04:17:39] micmix : lockhedge: More frequent funding rate updates will help but that will make the rates even more unpredictable. Using XBTUSD for hedging is going to be even more problematic than now bc you will never know how much your hedge will cost.
[2016-06-29 04:23:09] subjective : who sort btc now?
[2016-06-29 04:37:05] adlai : the ability to specify a precise margin amount is very useful! but I see the amount vary slightly despite being set precisely. Why is this?
[2016-06-29 04:37:41] adlai : ah too bad, I thought this was linked to the trollbox
[2016-06-29 04:37:58] adlai : odd. testing. will this show up on IRC?
[2016-06-29 04:38:23] adlai : I can't see it, only you can!
[2016-06-29 04:57:19] BitMEX_Wally : adlai: it does work but not with a username collision
[2016-06-29 04:58:42] adlai : /me closes trollbox, waits for another message
[2016-06-29 04:59:35] adlai : isn't that a really easy way to knock out the IRC bridge?
[2016-06-29 04:59:38] BitMEX_Wally : This is in the trollbox
[2016-06-29 04:59:45] adlai : just check the trollbox, find somebody's name, and copy it
[2016-06-29 05:00:30] adlai : oh well
[2016-06-29 05:00:38] adlai : thank you for testing it
[2016-06-29 05:01:56] BitMEX_Wally : Test
[2016-06-29 05:02:44] bendelo : Trying again
[2016-06-29 05:03:49] BitMEX_Wally : Ok
[2016-06-29 05:09:56] adlai : why does the margin cost change as the price changes? i'd expect it to stay fixed, for risk management
[2016-06-29 05:10:45] adlai : also, Margin Required in the Margin box doesn't match the value listed in the Open Positions tab
[2016-06-29 05:13:17] BitMEX_Wally : It is fixed based on the entry cost
[2016-06-29 05:14:19] BitMEX_Wally : The open positions tab includes unrealised profit
[2016-06-29 05:23:59] adlai : what i'd expect (obviously not the same as reality, but it's a good idea to know what your customers want...) is the ability to fix the maximum possible loss of a position, and go to sleep knowing i won't lose *more*
[2016-06-29 05:25:35] BitMEX_Wally : So if you set 50x you will not lose more than 2%
[2016-06-29 05:27:00] BitMEX_Wally : So you will not lose more than the "margin" amount in the open position
[2016-06-29 05:30:15] QuantFocus : adlai: or use stop limit orders
[2016-06-29 05:31:42] germanjew : On an open order you can click on the B and set the margin posted, that will be the maximum you can lose (as I understand it)
[2016-06-29 05:32:14] germanjew : it is still better to have a stop loss though
[2016-06-29 05:47:46] dharmabum : BitMEX_Wally: feature request: email alerts. If you're concerned about load, then restrict the number.
[2016-06-29 05:50:07] dharmabum : germanjew: I'm interested in your opinion: why better to have a stop rather than adjust the margin as required?
[2016-06-29 05:54:15] BitMEX_Wally : dharmabum: we have lots of email alerts, look at user preferences
[2016-06-29 05:54:37] dharmabum : BitMEX_Wally: OK thanks. Sorry, didn't realise.
[2016-06-29 05:55:25] dharmabum : BitMEX_Wally: Email alert for a price being reached for a specific instrument?
[2016-06-29 05:56:51] BitMEX_Wally : We don't support that, but anyone can build an app with that feature
[2016-06-29 05:57:05] BitMEX_Wally : we have an open API with all our data freely available
[2016-06-29 06:00:46] dharmabum : BitMEX_Wally: OK thanks.
[2016-06-29 06:01:17] dharmabum : BitMEX_Wally: What would you suggest as a starting-point for API access? Languages/platforms?
[2016-06-29 06:02:21] fineregex : micmix: read some of your conversation. you negotiated a wholesale(higher) marketmaker incentive already? :D @BitMEX_Arthur . Why not update interest (funding) rate all the time, like minutely?
[2016-06-29 06:02:51] BitMEX_Wally : dharmabum: we have lots of resources and samples here:
[2016-06-29 06:02:53] BitMEX_Wally : https://www.bitmex.com/app/apiOverview
[2016-06-29 06:03:14] dharmabum : BitMEX_Wally: cheers. I must look around more!
[2016-06-29 06:04:59] BitMEX_Wally : The funding rate is set 8 hours in advance so it is not a surprise
[2016-06-29 06:05:14] Mm bot : How does referral affiliate discount on commission affect interest from short and market making
[2016-06-29 06:05:17] BitMEX_Wally : Traders can open/close positions in advance of it being charged
[2016-06-29 06:06:06] BitMEX_Wally : Mm bot: funding payments are not affected by the affiliate discount
[2016-06-29 06:17:51] Mm bot : BitMEX_Wally: ok, what about market making fee then?
[2016-06-29 06:27:21] REKT : Liquidated long on `XBJ24H`: Sell 5 @ 64906.0
[2016-06-29 08:01:16] zanza : anyone notice the silver breakout ?
[2016-06-29 08:04:01] zanza : asians are buying i guess
[2016-06-29 08:10:16] zanza : i dont know where bitcoin is going, it could drop to 300's again
[2016-06-29 08:12:36] REKT : Liquidated short on `XBJ24H`: Buy 300 @ 65249.0
[2016-06-29 08:19:48] REKT : Liquidated short on `XBTUSD`: Buy 22020 @ 637.68 **MEGA-REKT** :boom:
[2016-06-29 08:51:01] RoftheN : Zanza, 300? Are you crazy? There's no way miners and holders will sell that low, only with intensive shorting is that possible. But it won't be able to stay there long for sure and who would conspire to short that massively against the tide?
[2016-06-29 09:00:16] dharmabum : BitMEX_Wally: why does shorting *cost* in terms of funding?
[2016-06-29 09:01:47] dharmabum : BitMEX_Wally: and…selling the USD value of a BTC balance should lock in the value of the BTC held against USD but after a movement up/down, the offset does not match. Why?
[2016-06-29 09:03:22] BitMEX_Arthur : dharmabum: the funding is variable
[2016-06-29 09:03:33] BitMEX_Arthur : but you know the rate 8 hours in advance
[2016-06-29 09:09:28] RoftheN : Why is the maker fee negative? Does that mean you get money if someone takes your order?
[2016-06-29 09:10:01] BitMEX_Wally : RoftheN: correct
[2016-06-29 09:10:38] BitMEX_Wally : dharmabum: If the funding rate is positive then longs pay shorts. If the funding rate is negative then shorts pay longs
[2016-06-29 09:11:21] BitMEX_Wally : dharmabum: What do you mean by the offset?
[2016-06-29 09:11:59] BitMEX_Wally : RoftheN: the maker fee is negative to encourage market makers to provide liquidity
[2016-06-29 09:13:06] RoftheN : Makes sense
[2016-06-29 09:21:01] dharmabum : BitMEX_Wally: Offset is profit on, say, a short, offsetting the increase (in USD terms) of the value of the BTC held.
[2016-06-29 09:22:22] dharmabum : BitMEX_Wally: So currently XBT shorts receive funding from longs? (0.0105%)
[2016-06-29 09:32:36] morliss : morliss is testing irc
[2016-06-29 09:33:19] BitMEX_Arthur : dharmabum: In 2 hours, shorts will pay longs because the funding rate is negative
[2016-06-29 09:34:07] RoftheN : That's a first for me
[2016-06-29 09:34:34] dharmabum : BitMEX_Arthur: https://www.bitmex.com/app/fees perpetual swap… short funding 0.0105%
[2016-06-29 09:35:47] BitMEX_Arthur : dharmabum: You might have found a bug, i'm not sure if that page is updating correctly, i'm double checking now
[2016-06-29 09:35:57] dharmabum : BitMEX_Arthur: "A positive funding fee means you pay; a negative funding fee means you receive."
[2016-06-29 09:36:07] RoftheN : short pays the 0.0105?
[2016-06-29 09:36:29] RoftheN : So it's not a bug then
[2016-06-29 09:36:35] dharmabum : BitMEX_Arthur: My current position assumes that XBT short *receives* funding.
[2016-06-29 09:37:26] BitMEX_Arthur : I'm looking at the Fees page and the number that is being displayed there, the Funding Rate shown below the order controls panel is correct
[2016-06-29 09:38:27] BitMEX_Arthur : In two hours, shorts will pay longs 0.0105%
[2016-06-29 09:38:56] dharmabum : BitMEX_Arthur: But I thought that with a positive funding rate, longs pay short (you say above, in 2 hours shorts pay longs because funding rate is negative....but it's positive, no?)
[2016-06-29 09:39:20] BitMEX_Arthur : The rate is negative, please look at the Funding Rate shown below the Order Controls
[2016-06-29 09:39:39] BitMEX_Arthur : This is for `XBTUSD`
[2016-06-29 09:40:10] dharmabum : I'm blind. Where are Order Controls?
[2016-06-29 09:40:41] BitMEX_Arthur : Go to the Trade page, on the left hand side you will see where you can input Buy and Sell orders, look down at the bottom there is a field called Funding
[2016-06-29 09:43:36] dharmabum : @BitMEX_Arthur Funding: -0.0105% in 2 hours, yet on the "Fees" page, XBT Short Funding Fee" is +0.0105%...and then says a negative fee > trader receives a rebate.
[2016-06-29 09:43:48] dharmabum : BitMEX_Arthur: maybe it's just too late and I should go to bed?
[2016-06-29 09:45:00] RoftheN : On the Fees page . XBT Long FF is negative (you receive) XBT short FF is positive (you pay)
[2016-06-29 09:45:48] dharmabum : BitMEX_Arthur: OK so under "contract details" below the trading input, the Funding value is for *long*
[2016-06-29 09:45:51] RoftheN : A negative fee traders recieves a rebate. So only LONG receives rn
[2016-06-29 09:45:52] BitMEX_Arthur : dharmabum: My mistake, i just refreshed my fees page, the correct numbers are being shown
[2016-06-29 09:47:21] dharmabum : BitMEX_Arthur: OK thanks. Makes sense now.
[2016-06-29 09:47:34] BitMEX_Arthur : cool
[2016-06-29 09:47:45] dharmabum : BitMEX_Arthur: Was just trying to reconcile what you said with info I was seeing on the site.
[2016-06-29 11:13:46] justinlooking : test
[2016-06-29 11:39:05] zanza : looka like ETH hard fork coming
[2016-06-29 11:39:16] REKT : Liquidated short on `XBJ24H`: Buy 1450 @ 65132.0
[2016-06-29 11:42:30] BitMEX_Arthur : zanza: can you link some more info about that
[2016-06-29 11:50:46] fineregex : zanza: yayay
[2016-06-29 11:54:58] BitMEX_Wally : They tried to soft fork and it introduced a DDOS vulnerability
[2016-06-29 11:55:18] BitMEX_Wally : So now everyone (i.e. Reddit) is screaming for a hard fork
[2016-06-29 12:16:01] luckynuke : huiii https://bitcointalk.org/index.php?topic=796276.msg15402767#msg15402767
[2016-06-29 12:32:19] sq : Does my entry price get adjusted every day to the rebalance price? For xbtusd
[2016-06-29 12:32:45] BitMEX_Wally : sq: Yes, all swap contracts are rebalanced daily
[2016-06-29 12:32:53] BitMEX_Wally : Meaning all unrealised PNL becomes realised
[2016-06-29 12:33:04] BitMEX_Wally : And your entry price for the purpose of unrealised PNL is reset
[2016-06-29 12:33:20] sq : Ok so the entry price that's displayed changes?
[2016-06-29 12:33:52] sq : In the positions tab
[2016-06-29 12:35:37] BitMEX_Wally : If you hover over the entry price, it shows the last rebalanced price, which is what changes
[2016-06-29 12:37:19] sq : Ic great tks
[2016-06-29 13:45:24] wurstgelee : wtf happened to the bid side of FCT? oO
[2016-06-29 13:45:32] wurstgelee : was fine a few minutes ago
[2016-06-29 13:45:38] chromaticcr1 : It had been FCT'd up
[2016-06-29 13:45:42] wurstgelee : obv
[2016-06-29 13:46:01] wurstgelee : had a few thousand bids tho
[2016-06-29 13:46:14] wurstgelee : now...not so much oO
[2016-06-29 14:06:49] Mr Blue : Told you guys would need a hard fork
[2016-06-29 14:11:47] Mr Blue : Damn I missed some god action well I was away, both for shorters and longs
[2016-06-29 14:12:05] Mr Blue : Good*
[2016-06-29 14:13:55] Mr Blue : What happened lol Fukushima kill you all off 15 years too early
[2016-06-29 14:15:06] wurstgelee : BitMEX_Wally: did the FCT M die or sth? and LISK? ;)
[2016-06-29 14:15:10] wurstgelee : *MM
[2016-06-29 14:15:23] wurstgelee : well...lisk isnt even looking that bad
[2016-06-29 14:15:26] wurstgelee : fct orderbooks do
[2016-06-29 14:39:19] luckynuke : ltc found the bottom
[2016-06-29 14:42:59] Rado : it did?
[2016-06-29 15:05:05] NukeLaloosh : what news on ETH?
[2016-06-29 15:13:22] Rado : they will need to do a hard fork now
[2016-06-29 15:13:24] Rado : soft fork failed
[2016-06-29 15:23:53] Rado : XEM dump after the pump
[2016-06-29 15:36:10] luckynuke : lol nsr 200% and HYP 160%
[2016-06-29 15:36:14] luckynuke : #altsareback
[2016-06-29 15:53:19] mbaril : how can eth go up after all these problem ?
[2016-06-29 16:00:05] Skitrx : mbaril: it's just a whale making a splash
[2016-06-29 16:00:30] Skitrx : desperate people will easily be confused and think that the hardfork is good news
[2016-06-29 16:01:46] mbaril : Skitrx: This is also what I think. What do you think will be the top
[2016-06-29 16:03:52] Skitrx : either now, or just above 0.2 if they can push that far
[2016-06-29 16:06:17] luckynuke : oh btc
[2016-06-29 16:06:21] REKT : Liquidated short on `XBJ24H`: Buy 435 @ 65433.0
[2016-06-29 16:06:24] luckynuke : pump
[2016-06-29 16:09:15] mbaril : flash pump :P
[2016-06-29 16:10:46] justinlooking : lol that's a new one
[2016-06-29 16:11:52] REKT : Liquidated short on `XBTUSD`: Buy 50000 @ 638.63 **EPIC REKT** :unamused: :confounded: :astonished:
[2016-06-29 16:12:00] justinlooking : ah ffs
[2016-06-29 16:12:18] nip : dpe here we come
[2016-06-29 16:12:26] nip : its like $3 off market
[2016-06-29 16:12:29] huangyong : 。。
[2016-06-29 16:12:42] huangyong : 马上上涨
[2016-06-29 16:12:52] REKT : Liquidated short on `XBTUSD`: Buy 3000 @ 638.84
[2016-06-29 16:12:52] huangyong : 涨，涨，涨
[2016-06-29 16:13:08] sq : hahahahah
[2016-06-29 16:13:10] sq : guys stay long
[2016-06-29 16:16:08] d_ : Right now I have 10x margin set, but am only using 3.02x of it. If I move the slider over to cross, this shouldn't my position, right?
[2016-06-29 16:16:30] mbaril : careful if you drop your leverage it can liquidate
[2016-06-29 16:16:31] d_ : shouldn't affect* my position
[2016-06-29 16:17:06] d_ : I thought if I set it to cross, it uses all available funds as margin rather than having an isolated margin per contract
[2016-06-29 16:17:52] huangyong : d_: yes
[2016-06-29 16:18:30] d_ : huangyong: thanks
[2016-06-29 16:24:07] mbaril : 5$ premieum :)
[2016-06-29 16:24:52] Skitrx : whale is thinning out polo by book, probably gonna cause a panic sell soon
[2016-06-29 16:25:03] huangyong : mbaril: 牛市行情进行中，正常现象，后续暴涨
[2016-06-29 16:25:46] mbaril : huangyong: can you speak english sorry
[2016-06-29 16:26:20] mbaril : Ongoing bull market , a normal phenomenon , the subsequent surge
[2016-06-29 16:26:27] mbaril : I guess this is what he told me :P
[2016-06-29 16:26:58] huangyong : 哈哈哈，我也是瞎猜的
[2016-06-29 17:21:21] REKT : Liquidated long on `FCTXBT`: Sell 100 @ 0.002112
[2016-06-29 17:23:06] REKT : Liquidated long on `FCTXBT`: Sell 506 @ 0.002089
[2016-06-29 17:23:06] REKT : Liquidated long on `FCTXBT`: Sell 5 @ 0.002062
[2016-06-29 17:28:59] Rado : what does this mean 哈?
[2016-06-29 17:29:03] Rado : cool symbol
[2016-06-29 17:33:11] CaptainDean : I got "What" from google translate :P
[2016-06-29 17:33:13] CaptainDean : wild gues
[2016-06-29 17:33:16] CaptainDean : guess*
[2016-06-29 17:33:37] cekseh : Looks like it would make a good tattoo.
[2016-06-29 17:33:41] cekseh : =D
[2016-06-29 17:40:54] CaptainDean : :P
[2016-06-29 17:41:02] CaptainDean : :-)
[2016-06-29 17:41:06] CaptainDean : ?
[2016-06-29 17:50:15] Rado : he he
[2016-06-29 17:50:22] Rado : nice
[2016-06-29 17:53:47] REKT : Liquidated short on `XBTUSD`: Buy 500 @ 641.87
[2016-06-29 17:53:51] REKT : Liquidated short on `XBJ24H`: Buy 106 @ 65815.0
[2016-06-29 17:59:34] mike1000 : is it possible to set a stop loss higher than current price for long position?
[2016-06-29 18:15:28] QuantFocus : mike1000: yes
[2016-06-29 18:16:27] QuantFocus : mike1000: to sell, or buy more if the price crosses a particular boundary?
[2016-06-29 18:16:56] mike1000 : QuantFocus: to sell
[2016-06-29 18:17:02] QuantFocus : just use a limit order
[2016-06-29 18:17:13] QuantFocus : and set your desired price
[2016-06-29 18:17:56] mike1000 : when i type a price higher than current the sell button is disabled
[2016-06-29 18:18:09] QuantFocus : are you using limit?
[2016-06-29 18:18:27] QuantFocus : stop loss is not to be used how you are attempting to use it
[2016-06-29 18:20:30] mike1000 : What I mean: I have a long position, if the price goes higher than my projected profit - let it run, but if it falls down - sell. But now the price is lower than target.
[2016-06-29 18:21:53] mike1000 : So to me it's like a stop loss but set higher than current price
[2016-06-29 18:21:54] QuantFocus : oh. consider using a trailing stop in that case
[2016-06-29 18:22:52] mike1000 : But a trailing stop has no trigger price, i need to monitor it manually then activate it.
[2016-06-29 18:22:56] QuantFocus : and use a (-) sign in front of the trail value
[2016-06-29 18:23:19] mike1000 : when the price reaches target
[2016-06-29 18:23:21] QuantFocus : mike1000: it has a value that is set to x amount below mark
[2016-06-29 18:23:43] QuantFocus : and will continue to increase as long as the price of btc increases
[2016-06-29 18:23:55] QuantFocus : you can think of it as a constant margin in dollar value
[2016-06-29 18:25:09] mike1000 : Trailing stop activates right at current price, but i need to activate it at some higher price, drops are acceptable below that
[2016-06-29 18:25:26] mike1000 : before that
[2016-06-29 18:25:38] QuantFocus : i think you need to read up on order types
[2016-06-29 18:26:03] mike1000 : Ok, I've read but the docs on trailing stop are scarce
[2016-06-29 18:26:11] mike1000 : thanks you anyway
[2016-06-29 18:31:50] mike1000 : an example: current price is $100, my projected price is $105, i don't care about price drops until it reaches that target. but then I want to activate a trailing stop to secure that price.
[2016-06-29 18:34:35] mike1000 : but trailing stop here has no trigger price, it activates at current price. as far as i can see
[2016-06-29 18:38:02] BitMEX_Sam : Trailing basically follows the mark price until it starts turning against you.
[2016-06-29 18:38:27] BitMEX_Sam : So if you set a trailing sell of -5 on a long, price is at $100, the stop is set at $95.
[2016-06-29 18:38:34] BitMEX_Sam : Price moves to $105, stop moves upward with it to $100.
[2016-06-29 18:38:49] BitMEX_Sam : If the price starts reversing, the stop stays at $100.
[2016-06-29 18:39:14] mike1000 : BitMEX_Sam: why can't it be set to trigger not at market price but at aribtrary price?
[2016-06-29 18:39:26] BitMEX_Sam : As in Trailing Stop Limit?
[2016-06-29 18:39:40] mike1000 : Yeah
[2016-06-29 18:40:00] BitMEX_Sam : You would have to set an offset value for the limit order as well, an absolute price would likely not be useful because you don't know what the stop will actually be
[2016-06-29 18:40:20] BitMEX_Sam : I believe we have that capability via the API but we considered it too complex to put in the frontend for now
[2016-06-29 18:40:39] mike1000 : Oh, cool, i'll look at the API
[2016-06-29 18:41:11] BitMEX_Sam : We have a *ton* of options (https://www.bitmex.com/api/explorer/#!/Order/Order_new), not all of which are properly documented
[2016-06-29 18:41:25] BitMEX_Sam : In fact I don't know what all the peg values do. I'll bug Wally to put together an extended doc for API consumers
[2016-06-29 18:43:34] mike1000 : thank you, i'll look forward to see the docs )
[2016-06-29 18:45:07] mike1000 : I think that's a very useful order type so maybe I'll script it in my browser until it's officially included on frontend )
[2016-06-29 18:45:30] BitMEX_Sam : That's a possibility. I am considering opening up some useful hooks to the client