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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[2016-07-07 05:09:50] 1QaZxSw2 : bitmex is transparent about DPE (one of the good things about this place) Does ok c have their soc loss displayed on their site?
[2016-07-07 05:09:59] blurrrrrp : 1QaZxSw2: Yes
[2016-07-07 05:10:05] blurrrrrp : Okcoin is also very transparant
[2016-07-07 05:10:13] elmorte : blurrrrrp: 5mil without slippage?
[2016-07-07 05:10:14] rapidtrades : blurrrrrp: there's actually a major problem....bots will trade in middle of spread but as soon as u place ur trade there noone wants to trade
[2016-07-07 05:10:15] 1QaZxSw2 : can someone pls screenshot okc?
[2016-07-07 05:10:19] nip : their last dpe was 4.909% back in 2015
[2016-07-07 05:10:21] rullwull : rapidtrades: maybe its fake, but very profitable, any volumes are eaten
[2016-07-07 05:10:22] nip : on okc
[2016-07-07 05:10:34] nip : they have not had dpe in 2016
[2016-07-07 05:10:46] blurrrrrp : Okcoin: There are no open liquidation orders
[2016-07-07 05:10:46] nip : but its only 20x leverage
[2016-07-07 05:10:47] rapidtrades : there are too many red flags at okc for me to ignore
[2016-07-07 05:10:52] 1QaZxSw2 : nip: none in 2016, thats pretty good
[2016-07-07 05:11:00] IChTj4OeMavRq6qeIyEb : Yeah I think BitMEX does the best they can with the super high margin offered, but I think maximum leverage of 200x is way too high, 100x should be plenty of risk for reasonable people
[2016-07-07 05:11:02] 1QaZxSw2 : rapidtrades: red flags?
[2016-07-07 05:11:02] blurrrrrp : For me DPE is a red flag.
[2016-07-07 05:11:06] nip : lower leverage makes a difference i think
[2016-07-07 05:11:09] rapidtrades : capping the premium was the last straw
[2016-07-07 05:11:25] nip : capping the premium?
[2016-07-07 05:11:34] Tetsuo : ok c is the must reliable and trustworthy excahnge for high volume traders
[2016-07-07 05:11:53] BitMEX_Wally : We are working on reducing the max leverage for larger positions, so 200x normally but 100x or 50x if you want a bigger position
[2016-07-07 05:11:58] nip : Tetsuo: i dont think it is either of those
[2016-07-07 05:12:03] rapidtrades : Tetsuo: what do u know
[2016-07-07 05:12:15] rapidtrades : nothing is correct answer
[2016-07-07 05:12:25] nip : BitMEX_Wally: i think 5 accounts got liquidated at about the same price for your 500btc limit
[2016-07-07 05:12:26] 1QaZxSw2 : BitMEX_Wally: So the 50x i see on the order entry is the initial leverage? it can run to 200x?
[2016-07-07 05:12:30] nip : it could all be the same person
[2016-07-07 05:12:38] 1QaZxSw2 : thats actually decent leverage
[2016-07-07 05:12:48] IChTj4OeMavRq6qeIyEb : BitMEX_Wally: That would be great, thanks! I think the high leverage is cool but it introduces a ridiculous amount of risk DPE-wise for people taking reasonably sized positions
[2016-07-07 05:12:56] IChTj4OeMavRq6qeIyEb : 1QaZxSw2: That's correct
[2016-07-07 05:13:17] blurrrrrp : At 200x you get liquidated, correct?
[2016-07-07 05:13:51] rullwull : rapidtrades: i was told by ex okc employees that okc is playing the market, this is not fair for sure, but the platform itself is very secure
[2016-07-07 05:14:12] rapidtrades : that's what i said, its a fake market
[2016-07-07 05:14:14] 1QaZxSw2 : im wondering how ok c never had DPE, its because they trade against their own traders?
[2016-07-07 05:14:26] rapidtrades : they trade for sure
[2016-07-07 05:14:44] blurrrrrp : 1QaZxSw2: It's because they liquidate positions sooner.
[2016-07-07 05:14:48] rullwull : they manipulate the market based on the info from their users positions and create margin calls
[2016-07-07 05:14:51] nip : 1QaZxSw2: their insurance fund
[2016-07-07 05:14:53] nip : is huge
[2016-07-07 05:14:56] rapidtrades : against traders idk....but they control that market so its a moot point
[2016-07-07 05:15:10] rullwull : yes, this is true
[2016-07-07 05:15:13] Roevenger : rapidtrades: every market is fake, the only difference is that btc needs way less money to be pumped/dumped
[2016-07-07 05:15:21] rapidtrades : Roevenger: k
[2016-07-07 05:15:24] 1QaZxSw2 : crap.... other than bitmex and okc who else offers high leverage?
[2016-07-07 05:15:28] nip : also, they immediately place margin calls at the most aggresive price
[2016-07-07 05:15:29] IChTj4OeMavRq6qeIyEb : blurrrrrp has a good point, they definitely liquidate positions sooner
[2016-07-07 05:15:37] rapidtrades : Roevenger: thank u for ur stupid opinino
[2016-07-07 05:15:42] rullwull : part of okc team is focused only on liquidating their users
[2016-07-07 05:15:43] blurrrrrp : IChTj4OeMavRq6qeIyEb: Yes. That is the problem of Bitmex.
[2016-07-07 05:15:56] Roevenger : rapidtrades: I'm not mocking you
[2016-07-07 05:16:03] blurrrrrp : IChTj4OeMavRq6qeIyEb: If they don't fix it.. marketmakers will stay away from here.
[2016-07-07 05:16:34] 1QaZxSw2 : anyone else offer good leverage? btcc? quione?
[2016-07-07 05:16:46] nip : when okc liquidates a position they sell it 1% below liquidation price. i see the bitmex orders moving around so im not sure how that works
[2016-07-07 05:16:51] IChTj4OeMavRq6qeIyEb : If you want to talk about fake markets XBTUSD is a prime example, attempting to "simulate" margin funding like BFX has and creating a futures contract that doesn't close. I'm not complaining but fake can have a very broad definition
[2016-07-07 05:16:56] rapidtrades : testing if u get filled in middle of bid/ask is a fairly low requirement for a functioning market...this is not possible at okc
[2016-07-07 05:17:37] rapidtrades : everything's fake....the liquidity they even cap the premium when it goes against them
[2016-07-07 05:17:43] nip : the recent trades are fake at okc for futures and spot
[2016-07-07 05:17:48] nip : but i think the orderbook is real
[2016-07-07 05:18:06] rullwull : bitmix is one the best who offers the highest leverage so far, and I'm fine with dpe if i open positions at the right time
[2016-07-07 05:18:39] IChTj4OeMavRq6qeIyEb : The "right time"? :p I wish I had a crystal ball too
[2016-07-07 05:19:13] Roevenger : IChTj4OeMavRq6qeIyEb: this fall was quite obvious from a TA standpoint
[2016-07-07 05:19:20] blurrrrrp : rullwull: People who gamble here maybe don't care so much, but marketmakers do.
[2016-07-07 05:19:20] 1QaZxSw2 : IChTj4OeMavRq6qeIyEb: XBTUSD i think was an attempt to simplify trading because traders did not want to rollover contracts
[2016-07-07 05:19:39] 1QaZxSw2 : it has issues no doublt, but it solved some other issues
[2016-07-07 05:19:41] rullwull : i trade based on reversal points
[2016-07-07 05:19:49] IChTj4OeMavRq6qeIyEb : 1QaZxSw2: That's fair
[2016-07-07 05:20:31] elmorte : Can you see the depth chart on OKC anywhere, like you can on Huob?
[2016-07-07 05:21:05] rullwull : im not a market maker, but play with quite significant depo and feel fine
[2016-07-07 05:21:07] IChTj4OeMavRq6qeIyEb : rullwull: Every point is a continuation point until it isn't. Just replace continuation with reversal haha. Probability-wise you may have a point, but that's still a very challenging prediction to make
[2016-07-07 05:22:12] Roevenger : indicators serve for that purpose, to give you a higher probability
[2016-07-07 05:22:20] nip : BitMEX_Wally: on the other hand if you reduce leverage you become more like okcoin
[2016-07-07 05:22:21] rapidtrades : cmon...this can't hold again can it
[2016-07-07 05:22:27] rapidtrades : what is it...4th or 5th time
[2016-07-07 05:22:36] nip : they liquidate at 100x. you liquidate at 200x
[2016-07-07 05:22:58] nip : but 200x is why im here
[2016-07-07 05:23:31] IChTj4OeMavRq6qeIyEb : nip: Also why you're currently losing 23.92% of your profits at next rebalance lol
[2016-07-07 05:23:44] blurrrrrp : nip: Yes and the same reason marketmakers will stay away.
[2016-07-07 05:23:54] nip : i guess if you kept the initial margin the same it could work
[2016-07-07 05:24:18] nip : blurrrrrp: there are market makers here
[2016-07-07 05:24:23] IChTj4OeMavRq6qeIyEb : blurrrrrp: I have to say the liquidity here has been way better recently than in the past, so I'm not sure I agree with that
[2016-07-07 05:24:37] blurrrrrp : IChTj4OeMavRq6qeIyEb: Time will tell.
[2016-07-07 05:24:42] IChTj4OeMavRq6qeIyEb : I've seen 1 cent spreads regularly
[2016-07-07 05:25:12] blurrrrrp : nip: Yes there are. But with DPE's comming so easily here.. I don't think the big marketmakers are here to stay.
[2016-07-07 05:25:21] blurrrrrp : This is more like a gambling site.. casino.
[2016-07-07 05:25:31] IChTj4OeMavRq6qeIyEb : blurrrrrp: To be fair so is OKC
[2016-07-07 05:25:44] IChTj4OeMavRq6qeIyEb : That's why people call it OKCasino
[2016-07-07 05:25:48] BitMEX_Wally : nip: We will keep 200x max leverage for positions below 250 Bitcoin
[2016-07-07 05:26:06] BitMEX_Wally : The goal is to keep the high leverage for positions that can be liquidated without causing DPE
[2016-07-07 05:26:07] nip : BitMEX_Wally: i think people just use more than one account
[2016-07-07 05:26:18] nip : there were 5 accounts liquidated for about 500btc at about the same price
[2016-07-07 05:26:34] BitMEX_Wally : Using different accounts is fine if they have different liquidation prices
[2016-07-07 05:26:43] blurrrrrp : BitMEX_Wally: But they don't.
[2016-07-07 05:26:49] BitMEX_Wally : In this case it was the same guy with 4 accounts, all with the same liquidation price
[2016-07-07 05:26:52] nip : yeah they were different by a few cents
[2016-07-07 05:26:56] nip : it didnt matter
[2016-07-07 05:27:11] nip : so what are you going to do about that?
[2016-07-07 05:27:13] blurrrrrp : BitMEX_Wally: Yes and everyone warned you about that. :)
[2016-07-07 05:27:17] nip : because that was the actual problem
[2016-07-07 05:27:26] IChTj4OeMavRq6qeIyEb : BitMEX_Wally: Just out of curiosity is there a position size limit here given adequate margin being deposited?
[2016-07-07 05:28:14] BitMEX_Wally : At the moment the total position limit is 500 XBT, but this is changing
[2016-07-07 05:28:25] BitMEX_Wally : So that you can adjust your max leverage to increase the position limit
[2016-07-07 05:28:43] nip : that change wont help the problem that happened today
[2016-07-07 05:28:50] nip : it will just hurt everyone who wasnt a problem
[2016-07-07 05:28:51] IChTj4OeMavRq6qeIyEb : BitMEX_Wally: Ah ok. What do you imagine the maximum possible position limit being?
[2016-07-07 05:29:14] nip : the guy with 4 accounts will still get liquidated for 1.5m contracts or whatever it was
[2016-07-07 05:29:37] BitMEX_Wally : nip: If we had the proper position limits we would have counted all his 4 accounts as 1
[2016-07-07 05:29:47] BitMEX_Wally : So his maintenance margin would have been 2% rather than 0.50%
[2016-07-07 05:30:14] BitMEX_Wally : IChTj4OeMavRq6qeIyEb: We are currently looking at 200x for 500 XBT, and 100x for 1000 XBT, 50x for 2000 XBT, something like that
[2016-07-07 05:30:42] elmorte : Notional?
[2016-07-07 05:30:59] BitMEX_Wally : Yes
[2016-07-07 05:31:09] IChTj4OeMavRq6qeIyEb : BitMEX_Wally: Cool. I do hope you're thinking about ways to solve the issue nip has brought up as well, because those limits are no good if they're easily circumvented
[2016-07-07 05:31:31] BitMEX_Wally : We are also looking into a deleveraging solution
[2016-07-07 05:31:38] BitMEX_Wally : With suitable transparency
[2016-07-07 05:31:50] nip : thats dpe with a third name you already tried that once
[2016-07-07 05:32:24] IChTj4OeMavRq6qeIyEb : BitMEX_Wally: I'm not familiar with how deleveraging would work. ELI20?
[2016-07-07 05:32:30] nip : i prefer dpe and socialized loss to how it works
[2016-07-07 05:33:27] nip : they would have force closed short positions to fill the liquidation orders
[2016-07-07 05:33:38] BitMEX_Wally : Deleveraging means that if there was a long bankruptcy and there's a sell order in the book that has not closed out, we pick someone who is short and force close them against it
[2016-07-07 05:33:41] nip : at least i think thats how it works
[2016-07-07 05:33:43] BitMEX_Wally : So a short gets closed out at a profit
[2016-07-07 05:33:59] nip : its like dpe or socialized loss except way worse
[2016-07-07 05:34:32] BitMEX_Wally : We are looking into ways we can make it not worse. For example taking the effective leverage into account, so only highly leveraged positions get force closed
[2016-07-07 05:34:40] IChTj4OeMavRq6qeIyEb : BitMEX_Wally: I have to agree with nip that's an awful idea. If a trader can't count on their position staying open except for hitting the liquidation price than they're long gone
[2016-07-07 05:34:59] IChTj4OeMavRq6qeIyEb : *then they're
[2016-07-07 05:35:18] blurrrrrp : BitMEX_Wally: Bitvc works the same way.
[2016-07-07 05:35:24] BitMEX_Wally : It might be possible to have a hybrid solution where the individual user can chose DPE or deleveraging
[2016-07-07 05:35:59] BitMEX_Wally : (beforehand)
[2016-07-07 05:36:38] IChTj4OeMavRq6qeIyEb : I would hope that BitMEX would decrease max leverage or even initial leverage to handle risk far before force-closing profitable positions. That's fucked
[2016-07-07 05:38:18] BitMEX_Wally : IChTj4OeMavRq6qeIyEb: Of course, we are looking into all possible solutions
[2016-07-07 05:38:28] IChTj4OeMavRq6qeIyEb : BitMEX_Wally: Ok great. Perhaps you'd consider bringing back a hedging specific contract? Just like XBTUSD but with 10x max leverage or something like that
[2016-07-07 05:38:47] rapidtrades : that would have 3x max
[2016-07-07 05:38:56] IChTj4OeMavRq6qeIyEb : rapidtrades: Fine by me
[2016-07-07 05:39:05] rapidtrades : then go to finex
[2016-07-07 05:39:23] rapidtrades : u pay like 2% per annum
[2016-07-07 05:40:31] IChTj4OeMavRq6qeIyEb : I like BitMEX's low counterparty risk made possible by high leverage, so basically I'm complaining either way which isn't fair haha, apologies
[2016-07-07 05:40:51] rapidtrades : it sucks
[2016-07-07 05:41:05] rapidtrades : there's no decent futures exchange without clawbacks
[2016-07-07 05:41:19] Mr Blue : Guys Im seeing this update box advanced BitMex usage, I thought I've been missing something lol, but for the life of me I can't find an f5 button on my tablet, guess I should delete chrome cookies instead?
[2016-07-07 05:42:00] Tetsuo : Mr Blue: it´s lookin really bad for BTC, i hope you cut your losses and long holdings yesterday?!
[2016-07-07 05:42:07] Mr Blue : Wait I should of just read it all lol
[2016-07-07 05:42:13] rapidtrades : Tetsuo: holy shit ur annoying
[2016-07-07 05:42:43] Tetsuo : rapidtrades: plz stop spamming rabid tranny,thx
[2016-07-07 05:42:59] Mr Blue : Just click your users name at the top an click advanced dashboard
[2016-07-07 05:43:23] Mr Blue : Tetsuo: ye sold my long last night, just got in again
[2016-07-07 05:43:39] rapidtrades : rip ur bong money
[2016-07-07 05:43:40] Tetsuo : +1 for the first decision
[2016-07-07 05:44:19] BitMEX_Wally : Mr Blue: You can delete cookies by clicking the Clear button at the bottom of this page: https://www.bitmex.com/app/preferences
[2016-07-07 05:44:23] Mr Blue : The second has done well as well, I only grabbed a 1000 but at 637
[2016-07-07 05:44:42] Mr Blue : BitMEX_Wally: thanks sir
[2016-07-07 05:45:14] rapidtrades : BitMEX_Wally: can u revert whatever changes u made to chat on mobile? i can no longer see it
[2016-07-07 05:47:05] Tetsuo : https://www.cryptocoinsnews.com/chinese-bitcoin-miners-busted/
[2016-07-07 05:47:56] Tetsuo : without stolen electricity and BTC crashin to 400$ network might get shut down, half of supply+ half price = double loss
[2016-07-07 05:47:57] rapidtrades : lol
[2016-07-07 05:48:16] IChTj4OeMavRq6qeIyEb : Tetsuo: lol
[2016-07-07 05:48:49] IChTj4OeMavRq6qeIyEb : "74 bitcoin mining units have been seized, coinciding with a small fall in difficulty of around 1.63% on June the 8th" lol
[2016-07-07 05:50:13] rapidtrades : ...lol
[2016-07-07 05:51:38] rapidtrades : there's no bounce...looks like a 2nd leg down
[2016-07-07 05:59:44] IChTj4OeMavRq6qeIyEb : rapidtrades: Awesome, more DPE while I hold a reasonably sized short position adding almost no risk to the market :P
[2016-07-07 06:00:30] Tetsuo : http://www.huffingtonpost.com/david-seaman/why-corporations-love-eth_b_10849632.html ETH to da moon, Gameover for crypto 1.0
[2016-07-07 06:01:19] Mr Blue : ETH to the moon, did they even hard fork their broken crap yet
[2016-07-07 06:01:28] IChTj4OeMavRq6qeIyEb : Tetsuo: I've never seen anyone so committed to FUD lol
[2016-07-07 06:01:39] IChTj4OeMavRq6qeIyEb : But good luck on your short
[2016-07-07 06:07:16] REKT : Liquidated long on `XBJ24H`: Sell 3000 @ 64522.0
[2016-07-07 06:08:42] Mr Blue : Google says Bitcoin is at $651 I think this could be buying time guys
[2016-07-07 06:12:43] Mr Blue : Okcoin is trolling the spot down at the moment I believe
[2016-07-07 06:15:01] Tetsuo : if miners will get only half the BTC, they won´t have enough to prop the market up with margin longs, this is going to end bad, i mean real bad
[2016-07-07 06:15:02] REKT : Liquidated long on `XBJ24H`: Sell 4500 @ 63930.0
[2016-07-07 06:15:20] Tetsuo : i am sorry for your losses unknown user
[2016-07-07 06:15:31] Mr Blue : And fiñex of course lol
[2016-07-07 06:15:56] Tetsuo : finex bull stubborns will ride this all into liquidation @startin @ around 500$
[2016-07-07 06:16:15] Mr Blue : But coinbase a none leverage exchange?? The trolls don't have the coins lol $647
[2016-07-07 06:32:02] REKT : Liquidated long on `XBTUSD`: Sell 43 @ 633.50
[2016-07-07 06:32:42] REKT : Liquidated long on `XBTUSD`: Sell 150 @ 632.94
[2016-07-07 06:32:52] REKT : Liquidated long on `XBTUSD`: Sell 147925 @ 632.14 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-07-07 06:32:58] REKT : Liquidated long on `XBTUSD`: Sell 323 @ 630.17
[2016-07-07 06:32:58] REKT : Abandon the ship!
[2016-07-07 06:32:58] REKT : Liquidated long on `XBTUSD`: Sell 700 @ 630.49
[2016-07-07 06:32:58] REKT : Liquidated long on `XBTUSD`: Sell 8 @ 630.14
[2016-07-07 06:33:17] REKT : Liquidated long on `XBTUSD`: Sell 900 @ 629.89
[2016-07-07 06:33:37] germanjew : lol @ REKTosaurus
[2016-07-07 06:34:12] micmix : BitMEX_Wally: I would love to see an option for auto de-leverage instead of DPE
[2016-07-07 06:41:28] GreedyGoblin : micmix: how should this auto de-leverage work?
[2016-07-07 06:56:11] Mr Blue : Did I just miss a 630 drop? Damn kids
[2016-07-07 07:00:15] BitMEX_Arthur : GreedyGoblin: Basically if someone is liquidated, if the order cannot be filled in the market, users would be closed out at the bankruptcy price of the liquidation order
[2016-07-07 07:01:01] elmorte : All users?
[2016-07-07 07:04:21] BitMEX_Arthur : elmorte: Well no there would be a ranking depending on leverage, or profit, etc some metric
[2016-07-07 07:04:22] BitMEX_Arthur : to determine who is closed out first
[2016-07-07 07:10:20] Skitrx : so what should we do while DPE% is high?
[2016-07-07 07:11:05] Skitrx : does it mean you take 20% of any profit? +20% on losses?
[2016-07-07 07:14:37] BitMEX_Arthur : No it only affects profits from 12 UTC to 12 UTC
[2016-07-07 07:15:15] Skitrx : so for 5 more hours?
[2016-07-07 07:15:57] BitMEX_Arthur : Yes your unrealised and realised profit total in 5 hours time is subject to the current Profit Adjustment %
[2016-07-07 07:16:38] Skitrx : is it ever adjusted upwards?
[2016-07-07 07:16:45] NL5N : Hi folks. Is it possible to trade the BVOL instrument?
[2016-07-07 07:17:43] rapidtrades : nope
[2016-07-07 07:29:34] GreedyGoblin : BitMEX_Arthur: is the funding in XBTUSD actually based around 0% or the bfx FRR?
[2016-07-07 07:30:23] BitMEX_Arthur : GreedyGoblin: https://www.bitmex.com/app/tradingOverview
[2016-07-07 07:35:49] rapidtrades : is this bounce4realz? y/n?
[2016-07-07 07:37:16] Tetsuo : i ain´t seen no bounce,
[2016-07-07 07:38:13] rapidtrades : NOONE AXED U
[2016-07-07 07:38:38] Skitrx : Noone axed you Tetsuo!!111
[2016-07-07 07:39:37] Tetsuo : sry : - (
[2016-07-07 07:40:12] Skitrx : Noone axed you rapidtrades!!!111oneone
[2016-07-07 07:40:46] Skitrx : *claims the iron throne*
[2016-07-07 07:42:02] Skitrx : i think this next dump is gonna be just as big as the last one
[2016-07-07 07:42:17] Skitrx : maybe bigger
[2016-07-07 07:42:35] macios15 : probably 3100-3200 cny
[2016-07-07 07:43:34] Skitrx : so tempting to 35x that bitch
[2016-07-07 07:47:01] Skitrx : glad i closed my long before i went to sleep haha
[2016-07-07 07:47:29] Tetsuo : macios15: +1
[2016-07-07 07:50:51] Skitrx : very flat atm, movement soon
[2016-07-07 08:22:44] Rasign : macios15: @Tetsuo why 3100 .
[2016-07-07 08:29:35] Skitrx : he thinks we'll break next 4 support levels
[2016-07-07 08:29:42] Skitrx : total guess
[2016-07-07 08:30:07] Skitrx : but possible if longs are liquidated
[2016-07-07 08:31:47] Rasign : Skitrx: its utopia ?
[2016-07-07 08:34:18] Skitrx : possible bulltrap
[2016-07-07 08:36:09] GreedyGoblin : BitMEX_Arthur: a dpe of 25% after a drop of only 5% in XBTUSD is quite a lot! are you planning to change something to have less dpe?
[2016-07-07 08:36:52] BitMEX_Arthur : GreedyGoblin: We are currently working on instituting higher maintenance margin levels for users who would like larger positions, and in the longer term we are evaluating a auto deleveraging system
[2016-07-07 08:37:46] Rasign : @BitMEX_Arthur can you explain me what is dpe ?
[2016-07-07 08:38:44] miramm1115 : BitMEX_Wally: XBTU16 fair basis needs an adjustment
[2016-07-07 08:41:28] BitMEX_Arthur : Rasign: https://www.bitmex.com/app/dynamicProfitEqualisation
[2016-07-07 08:41:33] BitMEX_Arthur : miramm1115: Will take a look
[2016-07-07 08:41:47] miramm1115 : BitMEX_Arthur: thanks Arthur
[2016-07-07 08:42:49] Rasign : BitMEX_Arthur: tthx
[2016-07-07 08:45:41] RoftheN : So if you have a loss, what does DPE do?
[2016-07-07 08:48:52] BitMEX_Arthur : RoftheN: It has no effect on your loss
[2016-07-07 09:22:29] MrJ1m : no plan to add a ethusd swap?
[2016-07-07 09:29:55] null : omg
[2016-07-07 09:29:59] null : 25% DPE
[2016-07-07 09:30:02] null : this sucks
[2016-07-07 09:30:13] asdfman : whats DPE?
[2016-07-07 09:30:36] null : its a thing that makes bitmex an awful place to short
[2016-07-07 09:30:44] asdfman : never mind got the link
[2016-07-07 09:30:46] asdfman : aha
[2016-07-07 09:30:59] null : you lose 25% of your money
[2016-07-07 09:31:00] Rasign : null: why?
[2016-07-07 09:31:08] asdfman : because?
[2016-07-07 09:31:24] null : because it gets taken from you to pay off some degen gambler who went long at the top
[2016-07-07 09:31:38] Rasign : 25% of your gain ?
[2016-07-07 09:31:41] null : yeah
[2016-07-07 09:32:23] asdfman : Shorted 101 contracts on U16 from 875 to to 750. my short did fine :P
[2016-07-07 09:33:54] null : Im short U16 too
[2016-07-07 09:33:55] Rasign : null: if i close now i will pay dpe ?
[2016-07-07 09:34:04] null : you will pay DPE no matter what you do
[2016-07-07 09:34:27] Rasign : null: ok thx and its only on gain ?
[2016-07-07 09:34:32] null : yeah
[2016-07-07 09:34:45] Rasign : i will pay on rebalance? or when i will close
[2016-07-07 09:34:57] null : unless the price magically spikes back up to 670, you're losing 25% in 2 hours
[2016-07-07 09:40:42] Rasign : null: can he reach 100 %
[2016-07-07 09:49:55] Rasign : BitMEX_Arthur: in fact bitmex is a communist system cause this DPE
[2016-07-07 09:50:17] REKT : Liquidated long on `XBTU16`: Sell 1085 @ 769.89
[2016-07-07 09:54:51] REKT : Liquidated long on `XBTU16`: Sell 200 @ 768.48
[2016-07-07 09:54:56] null : 30% now
[2016-07-07 09:55:00] null : fuck this site
[2016-07-07 10:01:43] 1QaZxSw2 : null are you nullc?
[2016-07-07 10:03:22] tradewiz : BitMEX_Arthur: Just a thought here: I really think you guys should continue with the 30 Sep, 30 Dec etc swaps. Its a great product and even though liquidity has gone down because of the perpetual swap they still serves a good purpose. Its a great way to hedge, and your swap products are much better than the competition. I think you should have a 3 month, 6 month and possibly even a 1 year one
[2016-07-07 10:03:27] null : 1QaZxSw2: nope, sorry
[2016-07-07 10:04:00] null : well perpetual swap is complete garbage for hedging
[2016-07-07 10:04:11] BitMEX_Arthur : tradewiz: Our current thinking is to relegate fixed maturity futures to our XBJ series
[2016-07-07 10:04:21] BitMEX_Arthur : Once liquidity picks up there, we will evaluate adding additional maturities
[2016-07-07 10:04:24] null : unless there is a way to fix it
[2016-07-07 10:04:31] 1QaZxSw2 : perpetual swap is for fomo traders
[2016-07-07 10:04:51] 1QaZxSw2 : im sure bitmex earns a lot more commissions this way, so they are unlikely to change it
[2016-07-07 10:05:16] null : BitMEX_Arthur: would going from 50x to say 10x reduce the severity of DPE issues?
[2016-07-07 10:05:19] 1QaZxSw2 : i personally like the extra liquidity. DPE sucks ass, but thats a function of high leverage
[2016-07-07 10:05:32] BitMEX_Arthur : null: We had low leverage futures for 9 months no one traded them
[2016-07-07 10:05:53] 1QaZxSw2 : BitMEX_Arthur: wasnt that like 3x?
[2016-07-07 10:06:27] BitMEX_Arthur : DPE comes with the high leverage, we are working on solutions to reduce the occurrences of DPE, but our users and trading volume point to a big desire for high leverage speculation not hedging
[2016-07-07 10:06:39] tradewiz : BitMEX_Arthur: Thanks for your reply. The XBJ is fine for Japaneese traders/hedgers but would be better in dollars :) I think if Bitmex take a long term view they will prevail with fixed term futures, over time demand will for sure pick up
[2016-07-07 10:06:52] BitMEX_Arthur : tradewiz: We will soon allow you to input orders in USD
[2016-07-07 10:07:13] BitMEX_Arthur : There will be a fixed USDJPY exchange rate each day and you can view the order book in USD and input orders in USD
[2016-07-07 10:07:29] BitMEX_Arthur : XBTJPY is a great market because the spot exchanges don't charge trading fees
[2016-07-07 10:07:52] BitMEX_Arthur : So market makers prefer these types of markets, and I believe liquidity on XBJ24H will grow substantially in the near future
[2016-07-07 10:09:19] tradewiz : BitMEX_Arthur: true and its pretty liquid but you are taking a view/risk on the yen... as an old washed out futures trader I still remember some of the crazy yen spikes and prefer usd without any jpy risk....
[2016-07-07 10:09:58] null : BitMEX_Arthur: well, I see your point. It makes sense
[2016-07-07 10:13:37] miramm1115 : BitMEX_Wally: are you there?
[2016-07-07 10:13:43] BitMEX_Arthur : tradewiz: What people want above all else is liquidity, that's why the CNY market is so good because there is liquidity even after yo take into account the wash trading, Japanese people are much bigger and richer forex traders than the Chinese, i think XBTJPY will overtake CNY especially given the negative rates over there
[2016-07-07 10:14:43] 1QaZxSw2 : BitMEX_Arthur: wash trading?
[2016-07-07 10:15:18] BitMEX_Arthur : 1QaZxSw2: Yes if you spend the time to look at the order books in china you will see massive orders go through at mid market
[2016-07-07 10:15:36] 1QaZxSw2 : ah, fake volume generation?
[2016-07-07 10:15:41] BitMEX_Arthur : yes
[2016-07-07 10:15:50] BitMEX_Arthur : volumiser as it is commonly called
[2016-07-07 10:15:58] 1QaZxSw2 : haha like in hair care
[2016-07-07 10:16:00] BitMEX_Arthur : pretty much every chinese and some western exchanges engage in the practice
[2016-07-07 10:16:22] null : who is doing this trading, and what is their economic incentive?
[2016-07-07 10:16:44] 1QaZxSw2 : i think its the exchange buying and selling to itself
[2016-07-07 10:16:52] 1QaZxSw2 : so that its top of volume charts
[2016-07-07 10:16:59] BitMEX_Arthur : exactly
[2016-07-07 10:17:09] BitMEX_Arthur : helps to raise money, and convince new traders that you are the place to be
[2016-07-07 10:17:15] BitMEX_Arthur : fake it till you make it
[2016-07-07 10:17:18] null : oh
[2016-07-07 10:17:22] 1QaZxSw2 : BitMEX_Arthur: Im hoping you guys never do that
[2016-07-07 10:17:28] BitMEX_Arthur : we don't
[2016-07-07 10:17:29] null : Does bitfinex do that?
[2016-07-07 10:17:37] BitMEX_Arthur : doubtful
[2016-07-07 10:17:57] 1QaZxSw2 : bitfinex is hong kong
[2016-07-07 10:18:02] tradewiz : null: I am pretty sure that bitmex do not do that.
[2016-07-07 10:18:02] 1QaZxSw2 : okc ,etc are chinese
[2016-07-07 10:19:29] miramm1115 : BitMEX_Arthur: is Wally around? have an API question
[2016-07-07 10:20:33] BitMEX_Arthur : miramm1115: Probably best to send an email and he will get back to you when he is back at his computer
[2016-07-07 10:20:55] miramm1115 : BitMEX_Arthur: no worries, I'll ask tomorrow
[2016-07-07 10:21:58] BitMEX_Arthur : tradewiz: no we don't
[2016-07-07 10:23:52] tradewiz : BitMEX_Arthur: Well congratulations with a great product (bitmex) in any event, and I will have some wet dreams about hopefully some more fixed term usd futures in the not too distant future ;)
[2016-07-07 10:38:14] Rasign : Rekt is coming
[2016-07-07 10:38:22] elmorte : It's not only bitcoin that Chinese traders inflate the volume...*whistles innocently*
[2016-07-07 10:40:18] elmorte : Rekt came...several times
[2016-07-07 10:40:44] elmorte : On the same person too, apparently
[2016-07-07 10:41:15] Mr Blue : Every exchange does that apart from the dead ones, exchange owners don't need to pay fees or get liquidated lol, few exchanges maybe don't need to anymore, like coinbase / Bitstamp, but the small ones and leverage ones defiantly do, it's just part of the game in my paranoid opinion lol
[2016-07-07 10:41:29] Tetsuo : http://www.bloomberg.com/news/articles/2016-07-06/after-4-400-surge-bitcoin-s-fate-hinges-on-huge-chinese-miners chinaman verry worried, u should be too
[2016-07-07 10:43:40] boolander : i have 100% faith in china
[2016-07-07 10:43:53] Tetsuo : boolander: plz stop trolling
[2016-07-07 10:44:00] Tetsuo : http://shouldipanicbuy.com/ nice site
[2016-07-07 10:44:01] boolander : ;-)
[2016-07-07 10:47:00] Tetsuo : If we eliminate all criminal usage of BTC there won´t be much left of it. First we take the pedos, after that the terrorists , drug dealers and who knows what else: http://www.coindesk.com/internet-watch-foundation-clamp-illicit-bitcoin-use/
[2016-07-07 10:47:30] johndoe : the most apparent evidence of psuedo-volume for the chinese exchanges is how consistent the volume is throughout the day - even when the market is hardly moving much. On bitstamp or bitfinex, the volume is 10-20x higher on a bar that has a huge decline, whereas on okcoin's BTC/CNY pair the volume would only be 2-3x higher on a huge collapsing bar.
[2016-07-07 10:47:59] Tetsuo : stop spreading flaseFUD about China
[2016-07-07 10:48:37] johndoe : but china still has the best volume despite all of that
[2016-07-07 10:49:06] Mr Blue : My friend has a great exchange platform, usecryptos.com but clearly he's too stupid to fake volume lol, a shame really as ORB has a good position on that exchange, or it did last time I looked could of closed down by now for all I know, don't have much btc there anyways
[2016-07-07 10:50:12] johndoe : i think it may just be that 0% trading fee encourages tons of bot trading that tries to make fractions of a cent by being market-makers, and this creates volume that isn't necessarily available when you really need the volume to be there. But im just speculating
[2016-07-07 10:51:02] Mr Blue : Nope just checked it's still open, poor fellow lol I might do few trades there later
[2016-07-07 10:53:57] Mr Blue : I've not been on in few months feel bad, but too many exchanges to support them all
[2016-07-07 10:54:38] BitMEX_Wally : miramm1115: Hello
[2016-07-07 10:57:09] miramm1115 : BitMEX_Wally: hi Wally! could you please login to testnet, something weird is going on
[2016-07-07 11:04:19] Tetsuo : not a perfect start for the upcoming BTC halving, but don´t worry it will get worse sooner! I have to leave now, good night & good luck
[2016-07-07 11:06:48] elmorte : BitMEX_Wally: Hi mate. Is the liq'n order going to be gone after rebalance?
[2016-07-07 11:09:55] mikeh : fu tetsuo
[2016-07-07 11:13:13] Tetsuo : fu BTC, stop foolin everyone for fukks sake
[2016-07-07 11:15:39] BitMEX_Wally : elmorte: After rebalance the liquidation order will be move to the mark price
[2016-07-07 11:15:46] BitMEX_Wally : Which should help it get eaten
[2016-07-07 11:33:58] aethlios : BitMEX_Wally: Hello Wally, the same whale will buy back his own order in a smaller price, this happens all the time. You need to proceed with the new rules soon.
[2016-07-07 11:37:01] REKT : Liquidated short on `XBTU16`: Buy 5499 @ 772.50
[2016-07-07 11:37:55] BitMEX_Wally : aethlios: We will be deploying our new position level risk limits with custom maintenance margin to testnet soon
[2016-07-07 12:00:12] REKT : Liquidated long on `XBTUSD`: Sell 1780566 @ 645.05 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-07-07 12:00:35] elmorte : Hey? Rebalance 20s early?
[2016-07-07 12:00:54] elmorte : Or is the clock on the UI following my system time?
[2016-07-07 12:01:46] BitMEX_Wally : elmorte: The countdown uses your system time
[2016-07-07 12:02:00] aethlios : This whale is 50% of all open positions.
[2016-07-07 12:03:16] NukeLaloosh : BitMEX_Wally: how/why did the big liqn go from 645.05 to 643.69?
[2016-07-07 12:03:49] elmorte : I'm curious too
[2016-07-07 12:03:56] NukeLaloosh : ...and rebalance price is 644.55, yes? so reconcile these 3 numbers please
[2016-07-07 12:04:05] BitMEX_Wally : NukeLaloosh: I aggress it
[2016-07-07 12:04:11] aethlios : BitMEX_Wally: Wally another rule I propose is when a position of yours is dpe then you can't buy back this order, only other traders can clear it.
[2016-07-07 12:04:59] BitMEX_Wally : aethlios: I've checked before, not seen anyone buy back their own liquidation order
[2016-07-07 12:05:08] BitMEX_Wally : They've usually blown up their account and have no margin
[2016-07-07 12:05:20] elmorte : What happens if you make it hidden?
[2016-07-07 12:05:30] NukeLaloosh : ^^that's not true!! we saw that big order get swallowed whole a week or so ago
[2016-07-07 12:05:53] NukeLaloosh : ...at the last big dpe
[2016-07-07 12:06:04] BitMEX_Wally : NukeLaloosh: Yes, it was swallowed by sleger or j8, or someone like that. One of the big arb players
[2016-07-07 12:06:12] aethlios : BitMEX_Wally: you will see this order will be cleared in a few large blocks when spot goes 5 usd above, maybe they have more accounts.
[2016-07-07 12:06:12] jonny : BitMEX_Wally: BitMEX_Wally: "REKT: Liquidated short on XBTU16: Buy 5499 @ 772.50 " that was me right now
[2016-07-07 12:06:30] jonny : BitMEX_Wally: The mark price rose right after i opened the deal for no reason, noone else traded it
[2016-07-07 12:07:19] aethlios : BitMEX_Wally: you can't arb 1.6 mil order in a few seconds.
[2016-07-07 12:07:53] BitMEX_Wally : jonny: XBTU16 is marked to the .XBT index price plus 85% annualised basis rate
[2016-07-07 12:08:11] BuzzLightYear : someone please tell me 1.7 million sell order is fake wall
[2016-07-07 12:08:24] johndoe : what does fake mean?
[2016-07-07 12:08:36] johndoe : they can cancel anytime, but how can we know if they will
[2016-07-07 12:08:46] BuzzLightYear : johndoe: get removed as soon as it starts to get eaten??
[2016-07-07 12:09:07] BitMEX_Wally : BuzzLightYear: It is a liquidation order
[2016-07-07 12:09:10] aethlios : johndoe: they won't cancel, it is dpe order, either stays there or someone will buy.
[2016-07-07 12:09:28] johndoe : oh ok
[2016-07-07 12:09:40] BuzzLightYear : oh dang then how come the price came down to 642.52 if it is liquidation order?
[2016-07-07 12:09:40] johndoe : good to know, thx
[2016-07-07 12:09:50] elmorte : There can be no more DPE on this particular liq'n?
[2016-07-07 12:10:09] BitMEX_Wally : If the mark price rises more there can be...
[2016-07-07 12:10:31] jung1 : Hello
[2016-07-07 12:10:37] elmorte : Wait, so is the math explained somewhere? @BitMEX_Wally
[2016-07-07 12:10:39] BuzzLightYear : good someone bought 0.5mil amazing
[2016-07-07 12:11:06] elmorte : DPE + insurance fund are used to offset which part?
[2016-07-07 12:11:49] BuzzLightYear : the liquidation order is almost 20% of the open order. insane
[2016-07-07 12:11:53] elmorte : And the liqn was of a long position...so shouldn't rising mark price be a positive thing?
[2016-07-07 12:12:14] BitMEX_Wally : elmorte: Sorry, I meant if the mark price drops there can be more DPE
[2016-07-07 12:12:27] NukeLaloosh : what @elmorte said—how can this session have a DPE hangover from the last?
[2016-07-07 12:12:40] BitMEX_Wally : NukeLaloosh: Because the bankrupt position is still there
[2016-07-07 12:12:54] BitMEX_Wally : If we settled XBTUSD and closed everyones positions then that would be the end of DPE
[2016-07-07 12:13:06] BitMEX_Wally : But everyone's positions are still open
[2016-07-07 12:13:18] NukeLaloosh : so if whatever 20+% DPE was charged last time represents the price to rebalance, what does that unfilled liqn order represent?
[2016-07-07 12:13:20] BitMEX_Wally : So the loss from the liquidation price to the rebalance price was the DPE for the last session
[2016-07-07 12:13:28] haxmb : free money thursday again
[2016-07-07 12:13:44] elmorte : Damn...
[2016-07-07 12:13:44] RoftheN : Why is the DPE gone
[2016-07-07 12:13:57] NukeLaloosh : so potentially we're talking astronomical DPE
[2016-07-07 12:13:58] haxmb : why is the size of the liquidation order varying
[2016-07-07 12:14:04] BitMEX_Wally : haxmb: Because someone is eating it
[2016-07-07 12:14:11] haxmb : nope
[2016-07-07 12:14:17] haxmb : its back at 1 264 again
[2016-07-07 12:14:25] haxmb : just showed ~700k
[2016-07-07 12:14:34] BitMEX_Wally : I didn't see 700k
[2016-07-07 12:14:59] elmorte : BitMEX_Wally: I suppose you've considered pros and cons of diff strategies of settling such a huge position?
[2016-07-07 12:15:02] haxmb : falshed here
[2016-07-07 12:15:06] haxmb : flashed here*
[2016-07-07 12:15:11] elmorte : Is the wall really the best option?
[2016-07-07 12:15:28] BitMEX_Wally : Well, we have to be transparent about the liquidation order
[2016-07-07 12:15:39] BitMEX_Wally : The wall does not affect the mark price, so it's not going to cause liquidations itself
[2016-07-07 12:16:52] elmorte : fair enough...it affects traders' outlook though.
[2016-07-07 12:17:04] elmorte : sentiment rather
[2016-07-07 12:17:23] BuzzLightYear : @elmorte agree
[2016-07-07 12:17:51] NukeLaloosh : BitMEX_Wally: just a thought: charge DPE proportionately to each winning trader's leverage
[2016-07-07 12:18:06] BuzzLightYear : elmorte: 20% of whole open value at one shot...
[2016-07-07 12:21:40] boolander : the kunt chiller for .01 is really a fuknut
[2016-07-07 12:21:48] boolander : *chisler
[2016-07-07 12:25:31] NukeLaloosh : BitMEX_Wally: what does that unfilled liqn order represent in terms of % DPE ?
[2016-07-07 12:25:51] BuzzLightYear : 0.7million got eaten already @.@
[2016-07-07 12:25:55] fineregex : BitMEX_Wally: where can i see what is my contribution to the DPE?
[2016-07-07 12:26:13] boolander : ben dover. it's there
[2016-07-07 12:28:07] BitMEX_Wally : fineregex: Have a look at: https://www.bitmex.com/app/wallet
[2016-07-07 12:28:43] BitMEX_Wally : The 'fee' on a CashRebalance is the total amount of DPE paid, and the 'amount' is the adjusted amount of profit
[2016-07-07 12:29:16] jonny : i mean from a specific REKT order
[2016-07-07 12:29:33] NukeLaloosh : LIQN ORDER PRICE HISTORY: 645.05, 644.55 --(rebalance price) 643.69, 641.34
[2016-07-07 12:30:17] BuzzLightYear : NukeLaloosh: thanks. it's decreasing
[2016-07-07 12:30:53] BitMEX_Wally : NukeLaloosh: At the moment the unfilled order represents 2.64% DPE at the current mark price
[2016-07-07 12:33:59] rapidtrades : dam look at that order
[2016-07-07 12:34:51] NukeLaloosh : BitMEX_Wally: you need to put some transparency around this. i don't think people realize they have a YUUUGE overhang on any short here. or, just tell everyone to abandon xbtusd and head to xbj for their short
[2016-07-07 12:38:30] NukeLaloosh : LIQN ORDER PRICE HISTORY: 645.05, 644.55 --(rebalance price) 643.69, 641.34, 639.07
[2016-07-07 12:40:08] johndoe : so how is the LIQN order's price determined?
[2016-07-07 12:40:14] jonny : BitMEX_Wally: sent you an email
[2016-07-07 12:40:19] ax : why did my unrealisd loss become realised? is that the DPE?
[2016-07-07 12:40:20] BitMEX_Wally : jonny: ok
[2016-07-07 12:40:21] haxmb : how far can it go down?
[2016-07-07 12:40:26] jonny : BitMEX_Wally: thanks
[2016-07-07 12:40:39] BitMEX_Wally : ax: Every day at 12:00 UTC all unrealised PNL becomes realised, this is called Rebalance
[2016-07-07 12:40:42] boolander : incentivizing to buy at discount
[2016-07-07 12:41:05] ax : ugh. okay
[2016-07-07 12:41:18] BitMEX_Wally : jonny: The liquidation order price is determined by how much of the liquidation fund can be spent to aggress the order
[2016-07-07 12:41:38] haxmb : BitMEX_Wally: how much can it spend?
[2016-07-07 12:42:14] NukeLaloosh : ...and how does that amount keep changing??
[2016-07-07 12:42:26] boolander : i keep lifting
[2016-07-07 12:42:30] boolander : to clear this fuker
[2016-07-07 12:42:32] BitMEX_Wally : https://www.bitmex.com/app/insuranceFund
[2016-07-07 12:42:35] boolander : so we can all get on with our lives
[2016-07-07 12:42:42] boolander : so, do your part
[2016-07-07 12:42:47] BitMEX_Wally : We have spent 5 XBT from the fund, it won't be aggressed any further
[2016-07-07 12:43:03] NukeLaloosh : and the MM on XBJ just left the f*ckn house
[2016-07-07 12:43:34] haxmb : BitMEX_Wally: so next movement will be if it stays till rebalance tomorrow?
[2016-07-07 12:44:07] BitMEX_Wally : haxmb: Correct
[2016-07-07 12:44:26] fineregex : BitMEX_Wally: you saw the mail?
[2016-07-07 12:45:23] BuzzLightYear : boolander: i see the fucker comes down?
[2016-07-07 12:45:37] boolander : yeah, just doing my part
[2016-07-07 12:45:43] boolander : picking away at it
[2016-07-07 12:45:46] BuzzLightYear : wtf?? gently caresser ???
[2016-07-07 12:45:49] boolander : can always short later
[2016-07-07 12:46:15] BuzzLightYear : boolander: i did my part already don't have bullets left
[2016-07-07 12:46:18] BitMEX_Wally : NukeLaloosh: XBJ24H looks more healthy now
[2016-07-07 12:46:25] boolander : touche' brotha
[2016-07-07 12:46:40] jung1 : 864943 nice short
[2016-07-07 12:47:02] NukeLaloosh : yeah it does, thanks, although i enjoyed my brief time holding the bid at 42000
[2016-07-07 12:47:07] BuzzLightYear : boolander: someone nuke that f**ker
[2016-07-07 12:47:19] BitMEX_Wally : Yeah we need more XBJ24H market makers :)
[2016-07-07 12:47:24] boolander : haha. that size is NOT my size unfortunately. ;-)
[2016-07-07 12:47:58] BuzzLightYear : boolander: dang same for me
[2016-07-07 12:48:57] jung1 : anyine use HFT here?
[2016-07-07 12:49:23] boolander : HTT - High Tequila Trading
[2016-07-07 12:49:59] BuzzLightYear : jung1: 863K is someone's shit
[2016-07-07 12:50:02] BuzzLightYear : i need tequila here
[2016-07-07 12:50:12] johndoe : i'm kind of confused by all this DPE stuff. But who does the wall harm? The only people who it would seem to harm are people who are already long and have no more capital to buy more. is this correct?
[2016-07-07 12:50:36] boolander : harms potential profits for this period
[2016-07-07 12:50:57] BuzzLightYear : i forgot. was the 1.7 million shit from long liquidation or short liquidation
[2016-07-07 12:51:02] BuzzLightYear : ??
[2016-07-07 12:51:09] boolander : it's a long and wrong
[2016-07-07 12:51:24] BuzzLightYear : all of the sudden it doesn't make sense
[2016-07-07 12:51:45] boolander : he made 100% profits on upside & shorts lost @30% of profits on downside
[2016-07-07 12:51:45] NukeLaloosh : johndoe: shorts lose profit via DPE if that big sell order doesn't get filled
[2016-07-07 12:52:03] ax : is there anything to gain for us longers who got rekt?
[2016-07-07 12:52:20] Jj4REAL : how can you see its not a position waiting to open?
[2016-07-07 12:54:42] Jj4REAL : This place doesnt have that much volume does it? surely something wrong with the system
[2016-07-07 12:55:05] jung1 : A $1.2m short contract at 641 just popped up on bitmex.
[2016-07-07 12:56:01] NukeLaloosh : boolander: exactly. a one-way trade
[2016-07-07 12:58:38] boolander : it's a tough call. each to his own i suppose. you are either day trading monkey / arbitrageur savant / punter - you win / you lose - the rules of the game are transparent
[2016-07-07 13:00:11] Jj4REAL : any way to see volume on the chart?
[2016-07-07 13:00:32] NukeLaloosh : disagree. the accounting behind this overhanging liquidation / DPE order on the new session is not transparent at all
[2016-07-07 13:01:18] boolander : good point. Wally et co. any ref on that point?
[2016-07-07 13:03:17] jung1 : 600 before 700
[2016-07-07 13:03:19] jung1 : or even 500
[2016-07-07 13:03:21] rapidtrades : it's transparent in the sense of ' you knew DPE was a possibility'
[2016-07-07 13:03:40] boolander : haha exactry
[2016-07-07 13:03:53] rapidtrades : compared to okc capping the premium without a statement for example
[2016-07-07 13:04:17] rapidtrades : or their bots fake trading to generate volume
[2016-07-07 13:04:22] NukeLaloosh : not if i walked up and wasn't told there's a DPE order on the books for the session! btw, i'm long and hating life atm, just calling it like i see it
[2016-07-07 13:04:36] rapidtrades : liquidations are public
[2016-07-07 13:05:33] boolander : i hear you nuke. first 3 things i check. 1. DPE / 2. Funding / 3. Tetsuo last recommedation
[2016-07-07 13:05:36] rapidtrades : ppl keep buying just because they can...this is remarkable....we're now above finex lol
[2016-07-07 13:06:16] rapidtrades : yeah checking liqs after a large move is a must with bitcoin futeres unfortunately
[2016-07-07 13:06:40] NukeLaloosh : ... @boolander lol
[2016-07-07 13:06:48] NukeLaloosh : rapidtrades: where do i find that here?
[2016-07-07 13:06:48] rapidtrades : around 10:1 is prolly the sweet spot for leverage with no clawbacks
[2016-07-07 13:07:30] rapidtrades : but still too many gambolors in this space so an exchange offering only 10:1 wouldn't get off the ground
[2016-07-07 13:07:52] boolander : enter the edge
[2016-07-07 13:08:42] rapidtrades : eventually we're gonna be a clawback-free futures exchange but trading may not be as profitable then :)
[2016-07-07 13:08:45] Jj4REAL : maybe seller is buying their own wall? volume seems a bit high to be real on no price move
[2016-07-07 13:08:59] rapidtrades : yea he prolly is
[2016-07-07 13:09:20] rapidtrades : he got liq in the 650s so this is free money for him basically
[2016-07-07 13:09:29] rapidtrades : if he thinks we're going up
[2016-07-07 13:09:38] BuzzLightYear : Jj4REAL: someone said that too but WHY? i really don't understand
[2016-07-07 13:10:06] rapidtrades : i just told u
[2016-07-07 13:10:06] BuzzLightYear : rapidtrades: OH OH i see
[2016-07-07 13:10:12] rapidtrades : :)
[2016-07-07 13:10:55] BuzzLightYear : rapidtrades: very reasonable answer thnks
[2016-07-07 13:11:22] Jj4REAL : Oh so liquidation by limit order?
[2016-07-07 13:11:25] boolander : like sell some at finex and cover yer liquidation here...