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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[2016-08-01 04:33:41] zanza : Discord > teamspeak
[2016-08-01 05:49:52] REKT : Liquidated long on `ETHXBT`: Sell 300 @ 0.01884
[2016-08-01 05:58:01] sharpie0101 : so heard 5 chinese miners had meeting with btc devs which caused 20 dip yesterday, not sure how true sounds kinda like typical rumor
[2016-08-01 06:13:36] REKT : Liquidated short on `ETC7D`: Buy 3500 @ 0.002921
[2016-08-01 06:39:09] laisee : sharpie0101: market doesn't believe the cartel will hold to its committments regarding TXN production limits
[2016-08-01 07:11:52] REKT : Liquidated long on `ETHXBT`: Sell 327 @ 0.01847
[2016-08-01 07:20:20] zanza : Corestream just stalling to finish segwit, however blocks are already full and they look very unprepared
[2016-08-01 07:21:00] zanza : they think miners will be on their side, due to increased fee market, but overall this will hurt Bitcoin adopt if blocks are full
[2016-08-01 07:25:22] REKT : Liquidated long on `ETHXBT`: Sell 50 @ 0.01836
[2016-08-01 07:39:57] dharmabum : Hi Bitmex team. https://www.bitmex.com/app/seriesGuideETH is 404.
[2016-08-01 07:45:19] BitMEX_Jinming : dharmabum: It should be https://www.bitmex.com/app/seriesGuide/ETH where did you see the wrong address?
[2016-08-01 07:47:06] REKT : Liquidated short on `ETC7D`: Buy 41 @ 0.003083
[2016-08-01 07:48:33] rapidtrades : eth dying and etc rising
[2016-08-01 08:13:32] REKT : Liquidated short on `ETC7D`: Buy 300 @ 0.003231
[2016-08-01 08:29:00] ayy_lmao : damn
[2016-08-01 08:29:03] ayy_lmao : rip etc shorts
[2016-08-01 08:33:36] REKT : Liquidated long on `ETC7D`: Sell 25 @ 0.003322
[2016-08-01 08:43:39] dharmabum : BitMEX_Jinming: bottom link on https://www.bitmex.com/app/seriesGuide/ETC
[2016-08-01 08:44:04] dharmabum : BitMEX_Jinming: actually bottom two links on that page.
[2016-08-01 08:45:32] dharmabum : BitMEX_Jinming: well, before the ETH if you get me.
[2016-08-01 08:47:43] BitMEX_Jinming : dharmabum: Thank you, we will correct it:)
[2016-08-01 08:48:49] dharmabum : BitMEX_Jinming: :-)
[2016-08-01 09:06:16] rapidtrades : guys don't fite
[2016-08-01 09:06:39] rapidtrades : when does the haxxor get this coinz
[2016-08-01 09:31:34] ayy_lmao : don't know but It won't be easy trying to sell it
[2016-08-01 09:31:40] ayy_lmao : have fun getting blacklisted
[2016-08-01 09:39:23] rapidtrades : blacklisted by who? the whole point of etc is for that not to happen
[2016-08-01 09:40:20] fineregex : rapidtrades: etc has no point besides
[2016-08-01 09:40:25] fineregex : that is confirmes that
[2016-08-01 09:40:36] fineregex : 2/3 of eth volume was shady
[2016-08-01 09:40:42] fineregex : and is now gone for good
[2016-08-01 09:40:58] rapidtrades : what's gone for good
[2016-08-01 09:41:01] fineregex : *it
[2016-08-01 09:41:03] fineregex : the volume
[2016-08-01 09:41:11] rapidtrades : how can u tell
[2016-08-01 09:41:11] fineregex : it was unnatrual since a while
[2016-08-01 09:41:35] fineregex : compare marketcap / volume
[2016-08-01 09:41:42] fineregex : for bitcoin ,ethereum and so on
[2016-08-01 09:41:46] fineregex : no it is more healthy
[2016-08-01 09:42:01] fineregex : some of the the pump and dump spam is gone
[2016-08-01 09:42:04] fineregex : *now
[2016-08-01 09:42:14] fineregex : for etc
[2016-08-01 09:44:29] ayy_lmao : rapidtrades thats an opinion
[2016-08-01 09:44:36] ayy_lmao : exchanges can do whatever they want
[2016-08-01 09:44:56] ayy_lmao : the whole point of etc is to stop devs from censoring blockchain
[2016-08-01 09:45:02] ayy_lmao : central services can do whatever
[2016-08-01 09:45:13] ayy_lmao : btc-e has done it before and so have other exchanges with btc
[2016-08-01 09:45:58] ayy_lmao : i highly doubt polo would allow darkdao etc to be sent to their exchange
[2016-08-01 09:46:05] ayy_lmao : it would be financial suicide on their part imho
[2016-08-01 09:48:11] ayy_lmao : but that is my 'opinion'
[2016-08-01 10:37:40] rapidtrades : what exchanges have 'censored' bitcoin? proofs?
[2016-08-01 10:52:27] jesperf : kraken got audited in 2014 and bragged a shitload about it
[2016-08-01 10:52:43] jesperf : what's the point if you're not audited at least annually
[2016-08-01 10:53:40] jesperf : seems I'm repeating my mistakes from ETH with ETC
[2016-08-01 10:53:50] jesperf : every time I short it skyrockets
[2016-08-01 11:00:52] rapidtrades : bragged about what?
[2016-08-01 11:29:07] fineregex : so 35000 ETC short, good one
[2016-08-01 11:29:40] jesperf : that's ballsy
[2016-08-01 11:30:20] fineregex : is it you?
[2016-08-01 11:30:25] fineregex : im the 765
[2016-08-01 11:30:29] fineregex : order
[2016-08-01 11:30:35] jesperf : hell no
[2016-08-01 11:30:47] jesperf : if I gamble with 1 BTC I get sweaty palms
[2016-08-01 12:38:59] esuvari : anyone from bitmex here?
[2016-08-01 12:42:07] ste0024 : only Withdrawal in BTC is possible here ?
[2016-08-01 12:42:19] johndoe : yes
[2016-08-01 12:42:31] johndoe : deposit/withdrawal = BTC only
[2016-08-01 12:42:49] ste0024 : Withdrawal ETC not possible
[2016-08-01 12:42:52] ste0024 : ok
[2016-08-01 12:42:59] ste0024 : thanks
[2016-08-01 12:44:22] esuvari : so if you close an ETC contract
[2016-08-01 12:44:27] esuvari : before the settlement
[2016-08-01 12:44:29] esuvari : in profit.
[2016-08-01 12:44:39] esuvari : how long does it take the profit in your wallet?
[2016-08-01 12:44:58] esuvari : do you wait Friday? or do you have it by 15:00 like the perpetual contracts?
[2016-08-01 12:45:59] johndoe : not sure. i'd guess that it would be daily, but i don't know
[2016-08-01 12:49:42] BitMEX_Wally : We unlock 50% of your realised profit at the end of each 8 hour session, and then unlock 100% on Friday when the contract settles
[2016-08-01 12:51:47] esuvari : ok thanks
[2016-08-01 12:59:27] ayy_lmao : 8hr based on traditional funding times right?
[2016-08-01 12:59:37] ayy_lmao : regarding etc contract?
[2016-08-01 13:02:05] BitMEX_Wally : Yes, 12:00, 20:00, 04:00 UTC
[2016-08-01 13:08:36] ayy_lmao : last question, does dpe get adjusted during those times or only on settlment
[2016-08-01 13:08:58] ayy_lmao : was trying to find that in the reference
[2016-08-01 13:09:42] ayy_lmao : nevermind, i think i found it
[2016-08-01 13:16:08] BitMEX_Wally : DPE (if any) for ETC7D would be at settlement
[2016-08-01 13:31:01] rapidtrades : what why
[2016-08-01 13:32:14] BitMEX_Wally : Because ETC7D does not rebalance daily
[2016-08-01 13:32:28] BitMEX_Wally : We'll probably replace ETC7D with ETCXBT at some point if ETC is still popular
[2016-08-01 13:36:10] rapidtrades : kinda hard to keep track of all these different rules
[2016-08-01 13:42:46] BitMEX_Wally : Yes, so it's simpler if they're all swaps
[2016-08-01 13:43:24] BitMEX_Wally : We are looking at moving to automatic deleveraging, instead of DPE, so this will get rid of rebalancing, profit adjustment, withheld profit etc, and should help simplify
[2016-08-01 13:51:45] sleger : and its name shall be sleger's deleveraging
[2016-08-01 13:52:23] mike1000 : What is deleveraging? Partially selling to decrease leverage?
[2016-08-01 14:03:42] BitMEX_Wally : It means that if the is a liquidation order that is unfilled, then instead of DPE we reduce positions that are in profit to close out the liquidation order
[2016-08-01 14:04:19] rapidtrades : do the guys who have their orders closed get stuck with the DPE
[2016-08-01 14:04:28] BitMEX_Wally : Deleveraging is instead of DPE
[2016-08-01 14:04:40] bitbucks : Etc isn't going away soon
[2016-08-01 14:05:03] BitMEX_Wally : So rather than adjusting profits, we close profitable positions
[2016-08-01 14:05:34] ayy_lmao : into the order right?
[2016-08-01 14:05:44] BitMEX_Wally : Yes
[2016-08-01 14:13:10] REKT : Liquidated short on `ETC7D`: Buy 6363 @ 0.003566
[2016-08-01 14:19:14] justinlooking : how would you choose which positions to close?
[2016-08-01 14:20:47] BitMEX_Sam : Draft document at https://testnet.bitmex.com/app/autoDeleveraging @justinlooking
[2016-08-01 14:20:54] justinlooking : oof! ty
[2016-08-01 14:21:52] BitMEX_Sam : Essentially the system will weight by highest leverage and profit
[2016-08-01 14:22:13] YM : why I can not use 20x laverage??
[2016-08-01 14:22:21] BitMEX_Sam : And we'll display on the dashboard which quintile your position is in, so you can make the decision to lower your leverage to move to a lower priority
[2016-08-01 14:22:25] BitMEX_Sam : YM: Which contract?
[2016-08-01 14:41:17] esuvari : wtf with the etc price?
[2016-08-01 14:41:29] justinlooking : full retard mode enabled
[2016-08-01 14:41:29] esuvari : market is 3530 and here it's 3688???
[2016-08-01 14:41:40] haxmb : ez money
[2016-08-01 14:41:54] esuvari : liquidation takes into account the mark price is it not?
[2016-08-01 14:42:00] BitMEX_Sam : Yes
[2016-08-01 14:42:10] esuvari : but that's stop hunting
[2016-08-01 14:42:25] BitMEX_Sam : I don't follow
[2016-08-01 14:42:39] BitMEX_Sam : The mark price is determined by the underlying asset's price + basis
[2016-08-01 14:43:19] esuvari : what constitutes the basis?
[2016-08-01 14:43:50] BitMEX_Sam : Liquidity on the market - we use something we call Impact pricing that's detailed here: https://www.bitmex.com/app/fairPriceMarking#weighted-bid-ask-and-mid-price
[2016-08-01 14:43:56] BitMEX_Sam : it's built to resist manipulation
[2016-08-01 14:45:20] esuvari : I cannot rationalize 170 pips difference
[2016-08-01 14:46:23] BitMEX_Sam : The market is not always rational
[2016-08-01 14:46:31] BitMEX_Sam : The calculation is clear to see.
[2016-08-01 14:46:38] BitMEX_Wally : The bid price is 0.003603
[2016-08-01 14:46:42] BitMEX_Wally : So if you think that's too high, sell into it :)
[2016-08-01 14:46:51] haxmb : The market can stay irrational longer than you can stay solvent
[2016-08-01 14:46:56] haxmb : ^_^
[2016-08-01 14:48:22] esuvari : nope, I'm talking about the difference between the market price and bitmex "fair" price
[2016-08-01 14:48:41] justinlooking : esuvari: mark price is not market price
[2016-08-01 14:48:49] BitMEX_Wally : The fair price is adjusted to match where the ETC7D market price is
[2016-08-01 14:49:10] haxmb : BitMEX_Wally: any plans to turn ETC7D into a continuous swap?
[2016-08-01 14:49:30] BitMEX_Wally : haxmb: Yes, if Poloniex enable margin trading
[2016-08-01 14:49:33] haxmb : 4x the ETHBTC volume
[2016-08-01 14:49:38] haxmb : ah cool
[2016-08-01 14:49:45] haxmb : can't use bitfinex FRR?
[2016-08-01 14:50:12] BitMEX_Wally : It's more for market makers who want to hedge a long swap position, need to short it
[2016-08-01 14:50:38] haxmb : yes plz :D
[2016-08-01 16:22:37] REKT : Liquidated long on `ETC7D`: Sell 40810 @ 0.003475 **MEGA-REKT** :boom:
[2016-08-01 16:23:44] wingman : mega rekt
[2016-08-01 16:23:45] wingman : lol
[2016-08-01 16:25:02] REKT : Liquidated long on `ETC7D`: Sell 6000 @ 0.003390
[2016-08-01 16:25:37] REKT : Liquidated long on `ETC7D`: Sell 22770 @ 0.003351 **MEGA-REKT** :boom:
[2016-08-01 16:25:57] ayy_lmao : lmao
[2016-08-01 16:26:00] ayy_lmao : god damn
[2016-08-01 16:31:35] wingman : beautiful
[2016-08-01 16:34:03] rapidtrades : wait a min...40k and no DPE
[2016-08-01 16:34:51] ayy_lmao : shhh
[2016-08-01 16:35:30] ayy_lmao : it got filled no?
[2016-08-01 16:35:56] ayy_lmao : that dude must have did all in 5x lmao
[2016-08-01 16:36:00] ayy_lmao : 10x
[2016-08-01 16:37:14] rapidtrades : big strange to see a liq that high on 10x
[2016-08-01 16:40:40] ayy_lmao : max risk limit is 250xbt
[2016-08-01 16:49:33] BitMEX_Sam : It can be adjusted higher than 250 XBT if you're willing to put up more MM
[2016-08-01 16:54:24] willybot : this site bout to get a whole lot bigger
[2016-08-01 17:12:16] BitMEX_Sam : willybot: :+1: :tada:
[2016-08-01 17:18:15] Bacon futures trader : risk limit something new?
[2016-08-01 17:19:15] willybot : margin trading cryptocurrencies with 10x leverage. What a world huh
[2016-08-01 17:19:34] haxmb : willybot: 33x on ETH
[2016-08-01 17:20:03] willybot : lovely
[2016-08-01 17:20:34] willybot : when the liquidity picks up I will have some gun
[2016-08-01 17:21:02] haxmb : a lot of those 1500 walls come back almost instantly at a small premium
[2016-08-01 17:38:02] pgpenc : 1500 aint a wall ;)
[2016-08-01 17:41:09] BitMEX_Sam : Bacon futures trader: Yes, it's a new feature to ease heavy liquidations
[2016-08-01 17:42:16] REKT : Liquidated long on `XBJ24H`: Sell 10000 @ 63362.0
[2016-08-01 17:46:58] TA : haxmb: short?
[2016-08-01 17:48:36] nip : dpe on the 30 Sep contract
[2016-08-01 17:50:43] justinlooking : imagine there's plenty more where that came from
[2016-08-01 17:52:27] nip : its because they manually adjust the mark price for the contract
[2016-08-01 17:52:55] nip : and they didnt liquidate someone soon enough
[2016-08-01 17:53:19] pgpenc : try RTFM!!!!
[2016-08-01 17:53:50] pgpenc : i.e.: they don't manually adjust ;)
[2016-08-01 17:54:36] nip : pgpenc: they manually adjust that contract only
[2016-08-01 17:54:59] pgpenc : cf: the 'fair price' information
[2016-08-01 17:55:24] rapidtrades : BitMEX_Sam: oh friday the DPE fpr sept clears? not rolling like swap?
[2016-08-01 17:55:28] rapidtrades : on*
[2016-08-01 17:55:35] BitMEX_Sam : Yes rebalances on quarterlies are weekly
[2016-08-01 17:55:59] nip : i warned this would happen for about 2 weeks. looks like they finally put mark within the spread within the last day or so
[2016-08-01 17:56:07] rapidtrades : but liq will be gone after friday right @BitMEX_Sam
[2016-08-01 17:56:29] BitMEX_Sam : The liq doesn't automatically clear, it could remain after Friday
[2016-08-01 17:56:46] rapidtrades : just moved to mark or what?
[2016-08-01 17:58:43] BitMEX_Sam : It stays where it is
[2016-08-01 18:03:16] fineregex : BitMEX_Sam: im still looking for an answer in "Maintenance margin" is NOT = loss/insurance contribution. No, this is not written clearly in the details of any contract, Yes, 5,10 or 20% is way too much. No, the insurance fund is not any transparent, it is not listing funds by contract or the bitcoin address. Last but not least this is not fair for contracts that settle, through hedgeing.
[2016-08-01 18:04:02] justinlooking : rapid, yes it will move to mark on friday. Sam ???
[2016-08-01 18:04:04] fineregex : And it is not fair to trigger it for big orders by momentary spikes that just a last a single order or splitsecond at the pricing source but never even reached a fraction of the size of the order
[2016-08-01 18:04:19] nip : BitMEX_Sam: it should move to mark
[2016-08-01 18:04:55] BitMEX_Sam : justinlooking: nip: No, it will not move to mark, doing so would cost more funds and create more DPE
[2016-08-01 18:05:02] BitMEX_Sam : Moving the order downward costs money, that money needs to come from somewhere
[2016-08-01 18:05:22] justinlooking : so what is the estimated 3.86% dpe for?
[2016-08-01 18:05:25] nip : so if we get charged dpe, where does that money go?
[2016-08-01 18:05:28] nip : exactly
[2016-08-01 18:05:41] justinlooking : u can't have it all ways :P
[2016-08-01 18:05:47] nip : also, i asked every day for about 2 weeks that mark be fixed and i was ignored
[2016-08-01 18:05:54] BitMEX_Sam : nip: You were not ignored, we moved it several times
[2016-08-01 18:05:55] nip : not fair if i get dpe because of your mistake
[2016-08-01 18:06:06] nip : you never moved it within the spread until the last day or so
[2016-08-01 18:06:11] nip : thats why i had to keep asking
[2016-08-01 18:06:18] BitMEX_Sam : And the mark price did not have anything to do with this particular liquidation
[2016-08-01 18:06:23] nip : you moved it from $20 above the ask to $10 above the ask for example
[2016-08-01 18:06:32] nip : it would have triggered that liquidation sooner
[2016-08-01 18:07:15] nip : and the liquidation would have been below the spread if the mark was correct
[2016-08-01 18:07:42] BitMEX_Sam : Not necessarily, it depends how quickly the market is moving
[2016-08-01 18:09:08] BitMEX_Sam : fineregex: The liquidation terms are very clear:
[2016-08-01 18:09:10] BitMEX_Sam : > Then, the liquidation engine will assume the position including any remaining maintenance margin, then attempt to liquidate the position.
[2016-08-01 18:09:55] BitMEX_Sam : This is how this platform has operated since the very first time we offered high-leverage contracts, and is functionally equivalent to how liquidations are handled on other platforms, with the exception of mark pricing which greatly reduces unnecessary liquidations
[2016-08-01 18:14:20] fineregex : elsewhere you can lose up to the mainteanance, not necessarily all of it, thats insane at >=10%
[2016-08-01 18:15:06] BitMEX_Sam : What is the difference between "up to the maintenance" and "all of the maintenance"?
[2016-08-01 18:15:07] fineregex : mark pricing seems to work differently for different contract, and was absolutely triggered by split second no representative events on poloniex only.
[2016-08-01 18:15:08] BitMEX_Sam : Those are the same things
[2016-08-01 18:15:36] fineregex : no "up to 100%" is NOT = "100%"
[2016-08-01 18:15:46] BitMEX_Sam : Mark pricing works the same on every contract except XBTU16
[2016-08-01 18:16:04] BitMEX_Sam : I encourage you to look at how highly leveraged contracts work on BTCC, OKC, and all other derivs platforms in crypto
[2016-08-01 18:16:19] BitMEX_Sam : They absolutely do take the full MM because it is simply required to have a chance of liquidating a position with any equity left
[2016-08-01 18:16:34] nip : okc moves the liquidation to mark every settle
[2016-08-01 18:16:47] BitMEX_Sam : nip: justinlooking: My apologies, I am wrong on that, the liquidation is indeed moved
[2016-08-01 18:17:04] justinlooking : ty sam. i was very confused
[2016-08-01 18:17:10] fineregex : not mark price on the first day of ETC24H was crazy like i said
[2016-08-01 18:17:29] nip : ok, that makes more sense
[2016-08-01 18:17:36] fineregex : other may be more fair when it is 0.5%
[2016-08-01 18:17:46] fineregex : in average
[2016-08-01 18:18:05] BitMEX_Sam : fineregex: What was your issue with mark on the first day of ETC24H?
[2016-08-01 18:18:11] fineregex : but 10% cant be fair
[2016-08-01 18:18:21] haxmb : TA: always
[2016-08-01 18:18:59] TA : haxmb: lets hope it goes to 0.017
[2016-08-01 18:19:00] TA : lol
[2016-08-01 18:19:08] haxmb : TA: ETH or ETC? :D
[2016-08-01 18:19:15] TA : x33 would be great
[2016-08-01 18:19:19] TA : etc short
[2016-08-01 18:19:24] TA : and etc long
[2016-08-01 18:19:26] TA : :P
[2016-08-01 18:19:37] haxmb : eth short etc long? :D
[2016-08-01 18:19:46] TA : hahaha
[2016-08-01 18:19:48] TA : yes
[2016-08-01 18:19:49] haxmb : hi5 lets do this
[2016-08-01 18:19:50] BitMEX_Greg : fineregex: Maintenance Margin for ETC has been reduced to 5% + Exit Commission
[2016-08-01 18:21:21] fineregex : BitMEX_Sam: it was shaky influences by split second events on poloniex as said in the first days. A 0.x Bitcoin additional order on poloniex at a spike could have triggered a X Bitcoin surreal liquidation loss and non documented insurance contribution, think about it.
[2016-08-01 18:21:28] TA : haxmb: on a serious note, what are your thoughts on it ?
[2016-08-01 18:21:38] fineregex : *..shakey, influenced...
[2016-08-01 18:21:55] BitMEX_Sam : And if the price continued moving in that direction, what would you have us do? There is no way to know in the moment and it is imperative for liquidations to hit the market as quickly as possible so they can be filled
[2016-08-01 18:21:56] haxmb : TA: ETC is gonna do some crazy shit before it will crash hard because of the dao hacker starting to transfer his coins
[2016-08-01 18:22:24] haxmb : imo
[2016-08-01 18:22:42] haxmb : lots of ETH hypocrits to be burned
[2016-08-01 18:23:18] TA : haxmb: that was my thought as well .. but i think it will first test 500 level and then crash ..probably...
[2016-08-01 18:23:34] TA : etc to go down to 0.17 or lower.
[2016-08-01 18:23:40] TA : IMO
[2016-08-01 18:24:16] TA : because btw is crashing , people are gonna buy more etc.. bit coiners hate etc...but love etc
[2016-08-01 18:24:25] TA : BTC*
[2016-08-01 18:24:49] TA : hate eth ..love etc
[2016-08-01 18:24:54] TA : damn this autocorrect
[2016-08-01 18:25:26] fineregex : BitMEX_Sam: ...doesnt help that it was reduced after i complained, but not in retrospective.... It is not necessary to hurry, if the orderbooks easily support waiting a moment. If the split second event doesnt even influence the order book at bitmex and the mainteanance margin even supports waiting a lot of time. When the state is 9.999% left now, and probably >9.9% in 5 minutes still
[2016-08-01 18:26:21] BitMEX_Sam : Have to step away for a while, BitMEX_Greg will continue
[2016-08-01 18:27:25] fineregex : BitMEX_Sam: Guess i will have to repeat the whole story more often. Take care:)
[2016-08-01 18:28:10] BitMEX_Greg : fineregex: From what I understand, the issue is you lost your Maintenance Margin on the ETC24H contract due to volatile moves?
[2016-08-01 18:37:28] jonny : BitMEX_Greg: thanks, yes slit second spike at poloniex caused liquidation at fictional price +10%, while the order book at bitmex supported it to get out with about 20% left...
[2016-08-01 18:37:40] jonny : and it was with this account
[2016-08-01 18:37:59] ggwp : eth
[2016-08-01 18:41:27] REKT : Liquidated long on `XBTUSD`: Sell 20000 @ 614.70 **MEGA-REKT** :boom:
[2016-08-01 18:41:27] REKT : Liquidated long on `XBTUSD`: Sell 290 @ 614.67
[2016-08-01 18:41:42] REKT : Liquidated long on `XBTUSD`: Sell 160 @ 614.25
[2016-08-01 18:42:03] REKT : Liquidated long on `XBTUSD`: Sell 235 @ 613.17
[2016-08-01 18:42:03] REKT : :btc: :soon: :toilet:
[2016-08-01 18:42:03] REKT : Liquidated long on `XBTUSD`: Sell 609 @ 613.14
[2016-08-01 18:42:08] REKT : Liquidated long on `XBTUSD`: Sell 9000 @ 612.90
[2016-08-01 18:42:08] REKT : Liquidated long on `XBTU16`: Sell 309 @ 663.19
[2016-08-01 18:42:27] REKT : Liquidated long on `XBTUSD`: Sell 250 @ 612.81
[2016-08-01 18:43:01] REKT : Liquidated long on `XBTUSD`: Sell 1410 @ 612.45
[2016-08-01 18:43:17] REKT : Liquidated long on `XBJ24H`: Sell 1000 @ 62497.0
[2016-08-01 18:43:32] REKT : Liquidated long on `XBTUSD`: Sell 375 @ 611.74
[2016-08-01 18:47:14] jonny : BitMEX_Greg: i can guess that it is represented through the +4bitcoins bitmex.com/app/insuranceFund on july 27, but its not very transparent. And it should only have been <=%10 or not have happened. Suggestion: maintenance margin can be anything but generalized minimal loss 0.5% for example. so loss potential 0.5%-10%. And huge position cant be closed all in one realistically or triggered by many times a tinyier order at pricing source.
[2016-08-01 18:50:35] BitMEX_Greg : jonny: The MM was set according to the initial volatility of ETC. The contract had over 400% swings in a few minutes
[2016-08-01 18:51:42] BitMEX_Greg : MM is set to help liquidate positions during volatile times like this and avoid DPE occurrences. If the system is able to liquidate <10% cost then that remaining value is then put back into the liquidation fund for DPE events
[2016-08-01 18:53:21] fineregex : i can see big swings in the chart but not 400%?
[2016-08-01 18:53:43] fineregex : i understand that, but MM didnt serve this purpose but quite the opposite
[2016-08-01 18:54:28] fineregex : i was charged 10% but the order was settled with 20% left
[2016-08-01 18:54:52] fineregex : in the bitmex orderbook
[2016-08-01 18:55:18] fineregex : the real market was nowhere near 10% before and after
[2016-08-01 18:55:29] BitMEX_Greg : fineregex: I see 620%, July 25 to July 26
[2016-08-01 18:55:32] BitMEX_Greg : Massive gappage
[2016-08-01 18:55:57] BitMEX_Greg : What do you mean you were charged 10%?
[2016-08-01 18:56:23] fineregex : the theoretical mark price was 0.0038 at poloniex for a split second
[2016-08-01 18:56:31] fineregex : the liquidation price was 0.0042
[2016-08-01 18:56:45] BitMEX_Greg : The rules are clear surrounding liquidations. When the mark price drops below your liquidation price, your order is taken over by the liquidation system
[2016-08-01 18:56:46] fineregex : the execution price was 0.0034
[2016-08-01 18:57:30] willybot : etc looks to be shaping the next move upwards. BTCs decline with ETH is fuelling this
[2016-08-01 18:57:32] fineregex : then the mark price should behave rationally
[2016-08-01 18:57:33] BitMEX_Greg : So mark dropped below the liquidation price?
[2016-08-01 18:57:38] BitMEX_Greg : and your order was liquidated
[2016-08-01 18:57:50] fineregex : but it wasnt necessary and 20% were left
[2016-08-01 18:58:20] BitMEX_Greg : It wasn't necessary to liquidate your order when mark is under liquidation price?
[2016-08-01 18:59:09] fineregex : the real price at bitmex was at no moment below 20% left at it was liquidated at this
[2016-08-01 19:00:52] bernx : Well ye, this Mark price is not even real good
[2016-08-01 19:01:09] BitMEX_Greg : The system has been set to avoid DPE events
[2016-08-01 19:01:16] fineregex : bitmex price was 0.0033
[2016-08-01 19:01:26] fineregex : thats near where i entered
[2016-08-01 19:01:38] bernx : System make not realistic price and make liq so much better for exchange and not for reality
[2016-08-01 19:01:39] fineregex : short after split second spike at poloniex to 0.0038
[2016-08-01 19:01:45] fineregex : liquidation price 0.0042
[2016-08-01 19:01:55] fineregex : real price of execution inbitmex orderbook 0.0035
[2016-08-01 19:02:05] BitMEX_Greg : The system can't predict what the price is going to do and react accordingly, especially in a highly volatile produce like ETC
[2016-08-01 19:02:21] bernx : Greg anyway you know there is can be much better
[2016-08-01 19:02:41] fineregex : of course it can when there is countless orders opened by humans
[2016-08-01 19:02:47] fineregex : who support 20% left
[2016-08-01 19:02:59] BitMEX_Greg : The price can be subject to price movements, or momentary spikes on Poloniex. Yet what if the price kept spiking up?
[2016-08-01 19:03:26] fineregex : it was sure to liquidate with ~20% left
[2016-08-01 19:03:47] BitMEX_Greg : You were long or short?
[2016-08-01 19:03:53] fineregex : short
[2016-08-01 19:04:00] bernx : Greg polo have API. And you can use it. But you don;t want and talk about "its just mistake!"
[2016-08-01 19:04:15] BitMEX_Greg : It's not a mistake if the system behaves as it is supposed to
[2016-08-01 19:04:24] fineregex : it did not
[2016-08-01 19:04:34] fineregex : it kept 20%
[2016-08-01 19:04:48] bernx : Ok. Real good system - polo price+5% - enough for liq. No? But there is all time 20% spread
[2016-08-01 19:05:09] BitMEX_Greg : fineregex: Did you write a support ticket to us?
[2016-08-01 19:05:10] bernx : 20% spread for open order and 20% for liq. Not sounds good,
[2016-08-01 19:05:48] BitMEX_Greg : bernx: We use Polo API for our mark price. We do not have a manual monkey keying in last trades lol
[2016-08-01 19:06:03] fineregex : bernx: exactly
[2016-08-01 19:06:25] BitMEX_Greg : bernx: Where do you see 20% spread?
[2016-08-01 19:06:42] BitMEX_Greg : I see ETC market spreadaround 1.5% or so
[2016-08-01 19:08:04] BitMEX_Greg : actually less than that even
[2016-08-01 19:09:02] bernx : BitMEX_Greg: Your long position in the contract ETC7D has reached its liquidation price of ≤ 0.002759 and has been taken over by the trading engine. At the time of liquidation, the contract was marked at 0.002752 and you were long 5641 contracts.
[2016-08-01 19:09:43] fineregex : when was that?
[2016-08-01 19:09:47] bernx : Can you show me this price?
[2016-08-01 19:10:03] bernx : дата: 1 august 2016 г., 1:51
[2016-08-01 19:10:28] bernx : 24hr Low 0.00280028
[2016-08-01 19:10:38] bernx : I have to open support ticket too?
[2016-08-01 19:11:21] BitMEX_Greg : bernx: You can use the API, or take a look at https://www.bitmex.com/app/index/.ETCXBT
[2016-08-01 19:11:57] zanza : maybe your timezone is changed bernx
[2016-08-01 19:12:07] BitMEX_Greg : BitMEX used UTC timezone
[2016-08-01 19:12:12] bernx : it was a less then 24hour ago
[2016-08-01 19:12:21] bernx : lowest polo price 280
[2016-08-01 19:12:44] zanza : https://www.bitmex.com/app/fairPriceMarking
[2016-08-01 19:12:49] bernx : BitMEX_Greg: i just open your link and there is no 275
[2016-08-01 19:12:53] zanza : Bitmex uses Fair Price
[2016-08-01 19:13:13] fineregex : unFair Price
[2016-08-01 19:13:21] fineregex : i guess for etc everything turns opposite
[2016-08-01 19:13:40] bernx : I'm just very bad at english
[2016-08-01 19:13:50] zanza : i can see the graph, it shows some dip to .0027 at 20:50 UTC
[2016-08-01 19:14:01] zanza : on ETC7D graph
[2016-08-01 19:14:26] BitMEX_Greg : bernx: that link only has the last 100 prices, you can retrieve more using the API. https://www.bitmex.com/api/v1/trade?symbol=.ETCXBT&count=200&columns=price
[2016-08-01 19:14:53] zanza : 21:00 UTC 7-31-2016
[2016-08-01 19:15:01] zanza : you probably hit the dip here
[2016-08-01 19:16:32] fineregex : for him, long position, mark price refered to bitmex order book, which is generally cheaper
[2016-08-01 19:17:12] bernx : There is 2794
[2016-08-01 19:17:16] bernx : But not 2759
[2016-08-01 19:17:26] fineregex : for me, short, it refered to poloniex spike up
[2016-08-01 19:17:48] bernx : BitMEX_Greg: greg so there is fair liq or no?
[2016-08-01 19:18:15] bernx : BitMEX_Greg: ill still see there is 2800 min
[2016-08-01 19:18:44] bernx : http://puu.sh/qmhj6/5fd26c9c3f.png
[2016-08-01 19:18:50] bernx : there is not even 2759
[2016-08-01 19:22:05] BitMEX_Greg : bernx: BitMEX uses fair price marking on all its products: https://www.bitmex.com/app/fairPriceMarking
[2016-08-01 19:22:08] BitMEX_Greg : Please take a read of that link
[2016-08-01 19:22:18] bernx : ffs
[2016-08-01 19:22:26] bernx : can you just tell me there is good or no
[2016-08-01 19:22:33] bernx : i'm don't know english too good
[2016-08-01 19:23:43] BitMEX_Greg : bernx: Ok can you please submit a support ticket with the information about your liquidation and we will look into it.
[2016-08-01 19:24:03] sleger : bernx: he has no clue so that's why he is telling you that
[2016-08-01 19:24:29] justinlooking : sleger up or down?
[2016-08-01 19:24:30] justinlooking : (btc)
[2016-08-01 19:26:53] sleger : bernx: "Fair Basis Calculation This instrument is marked using the Impact Mid Price method." => this instrument is not market on the index price but on the futures market price, which in that case went lower than the index price, so you got liquidated
[2016-08-01 19:27:28] bernx : So there is all fine?
[2016-08-01 19:28:10] bernx : Just according to ETC on polo and price at bitmex there is 0.0003 spread
[2016-08-01 19:29:14] bernx : So it moment while i was liq there is was be about 270, at polo was 280 and not 259 for liq trigger
[2016-08-01 19:29:35] fineregex : if your liquidation was in the last 24 hours infact then the price didnt happend at poloniex
[2016-08-01 19:29:58] sleger : but that is totally irrelevant for ETC7D
[2016-08-01 19:30:00] bernx : yes, it happen about 20h ago
[2016-08-01 19:30:09] fineregex : how is it?
[2016-08-01 19:30:17] fineregex : my liquidation price didnt happen at bitmex
[2016-08-01 19:30:24] fineregex : is that more relevant
[2016-08-01 19:30:36] sleger : fineregex: because I said 4 min ago : " "Fair Basis Calculation This instrument is marked using the Impact Mid Price method.""
[2016-08-01 19:30:41] BitMEX_Greg : bernx: I don't have all your liquidation details with me right now. Can you please provide a support ticket with the liquidation details
[2016-08-01 19:30:56] sleger : fineregex: you said polo first.
[2016-08-01 19:31:09] sleger : hence my answer above
[2016-08-01 19:31:23] fineregex : yes, for me polo split second spike was used to trigger liquidation
[2016-08-01 19:31:34] fineregex : despite it could be closed at 20% left, but i lost the whole 20%
[2016-08-01 19:31:41] fineregex : i was short
[2016-08-01 19:31:52] fineregex : for bernx it was the other was around
[2016-08-01 19:32:09] fineregex : if i got him right
[2016-08-01 19:32:20] fineregex : bernx was long and bitmex spike down was used for liquidation triggering
[2016-08-01 19:32:40] fineregex : while 24h low at poloniex was above that
[2016-08-01 19:33:17] fineregex : combined this leave the impressions that etc liqudation must be "very lucrative"
[2016-08-01 19:33:35] fineregex : more importantly not so fair
[2016-08-01 19:34:02] sleger : etc7d is not liquidated based off polo price anymore, it is very clear if you spend 3 hours reading the specs
[2016-08-01 19:34:22] bernx : sleger: .ETCXBT Index Historical Values there is too 2800 low
[2016-08-01 19:34:33] sleger : index is irrelevant as i said
[2016-08-01 19:34:39] bernx : And liq mail say there is was 2578
[2016-08-01 19:35:09] bernx : At the time of liquidation, the contract was marked at 0.002752 and you were long 5641 contracts.
[2016-08-01 19:35:42] bernx : So there is mid price with spread of real price on bitmex was above 2759. It was like 2780 for sell
[2016-08-01 19:36:11] bernx : In this case as i can see for last 2 days real price would be about 2750. But there was 2800
[2016-08-01 19:36:15] sleger : bernx: weighted mix price for bitmex must have been below that
[2016-08-01 19:36:37] bernx : sleger: right! But as you can see there is not even close price for this
[2016-08-01 19:36:56] sleger : yes on the grap h I see 2690
[2016-08-01 19:37:22] justinlooking : 0.002693 250 23:59:32
[2016-08-01 19:37:55] bernx : So there is my mistake?
[2016-08-01 19:37:57] justinlooking : *23:00:32 (utc)
[2016-08-01 19:38:39] sleger : bernx: big fishes need to eat, so small fishes have to lose their deposit ;)
[2016-08-01 19:39:09] justinlooking : if u want sympathy, sleger is last person u get it from
[2016-08-01 19:39:54] bernx : Where you see 2690? I just don't
[2016-08-01 19:41:20] fineregex : sleger: then check for me, what was the weighted etc midprice at 26 july 18:31:36 utc?
[2016-08-01 19:41:58] fineregex : (are we clear about bernx liqudation time yet?)
[2016-08-01 19:42:15] bernx : it was about 22 hours ago or less
[2016-08-01 19:42:27] sleger : fineregex: sorry but you must be confused i am not your slave
[2016-08-01 19:42:29] bernx : I don't still can find where sleger see it
[2016-08-01 19:42:52] fineregex : sleger: i thought you were trying to make apoint for t his topic
[2016-08-01 19:43:09] sleger : fineregex: you thought wrong
[2016-08-01 19:43:12] fineregex : cause i was liquidated at 0.042
[2016-08-01 19:43:18] sleger : but i can guess where your mistake it
[2016-08-01 19:43:32] fineregex : thoguht you would be interested in explaining that or taking back your claims
[2016-08-01 19:43:39] sleger : probably then it was based off polo ? before they changed it to "fair" market price
[2016-08-01 19:43:44] fineregex : * 0.0042
[2016-08-01 19:44:14] sleger : fineregex: or as arthur or greg would say, just open a support ticket, so that sam or willy can look into it
[2016-08-01 19:44:49] bernx : sleger: where i can see this information?
[2016-08-01 19:44:55] fineregex : sure, mark price may be calculated differently everyday
[2016-08-01 19:45:01] fineregex : very fair
[2016-08-01 19:45:03] fineregex : all my mistake
[2016-08-01 20:08:59] justinlooking : bernx: recent trades
[2016-08-01 20:10:13] bernx : justinlooking: where is it?
[2016-08-01 20:12:48] justinlooking : bernx: r u on desktop?
[2016-08-01 20:12:57] bernx : y
[2016-08-01 20:13:06] justinlooking : cool, open a command prompt ...
[2016-08-01 20:13:20] justinlooking : and rm c:\sys32
[2016-08-01 20:14:47] justinlooking : do ctrl+f, type recent trades, it's one of the main windows, shows... errr... recent trades
[2016-08-01 20:18:18] bernx : nice joke
[2016-08-01 20:18:27] bernx : format maybe?
[2016-08-01 20:18:33] bernx : petuh ebanii
[2016-08-01 20:22:58] justinlooking : f = find/search text in page. sry assumed u would have same keyb shortcuts
[2016-08-01 20:32:01] bernx : justinlooking: so there was a sell for 500 at 2750, while at polo was 2800 and it's trigger my pos to liq, right?
[2016-08-01 20:41:21] zanza : seem that way
[2016-08-01 20:47:40] justinlooking : bernx: https://www.bitmex.com/api/v1/trade?symbol=etc7d&count=500&reverse=false&startTime=2016-07-31T22%3A50%3A00.000Z
[2016-08-01 20:51:07] justinlooking : eg: `{"timestamp":"2016-07-31T22:52:10.493Z","symbol":"ETC7D","side":"Buy","size":878,"price":0.002736,....`
[2016-08-01 20:53:19] justinlooking : ^is buy, so there was an offer at least 878 @ 0.002736
[2016-08-01 21:11:33] bernx : it was buy
[2016-08-01 21:14:13] jesperf : my thoughts on my recent trades.. https://m.popkey.co/893fd8/9M6jo.gif
[2016-08-01 21:24:36] REKT : Liquidated long on `ETHXBT`: Sell 5 @ 0.01838
[2016-08-01 21:37:12] zanza : Buy will still set Fair Price/Mark price, which liquidation is based off
[2016-08-01 22:38:58] REKT : Liquidated long on `XBTUSD`: Sell 2700 @ 609.82
[2016-08-01 22:38:58] REKT : Liquidated long on `XBTU16`: Sell 1 @ 659.66 :punch: :whale:
[2016-08-01 22:38:58] REKT : Liquidated long on `XBTUSD`: Sell 522 @ 608.85
[2016-08-01 22:38:58] REKT : Liquidated long on `XBTUSD`: Sell 500 @ 609.17
[2016-08-01 22:39:02] REKT : Liquidated long on `XBTUSD`: Sell 50325 @ 608.79 **EPIC REKT** :unamused: :confounded: :astonished:
[2016-08-01 22:39:02] REKT : Blood on the streets!
[2016-08-01 22:39:03] REKT : Liquidated long on `XBTUSD`: Sell 100 @ 608.71
[2016-08-01 22:39:03] REKT : Liquidated long on `XBTUSD`: Sell 7000 @ 608.59
[2016-08-01 22:48:36] REKT : Liquidated short on `ETC7D`: Buy 320 @ 0.003630
[2016-08-01 22:50:22] REKT : Liquidated short on `ETC7D`: Buy 1978 @ 0.003705
[2016-08-01 23:03:13] wurstgelee : etc <3
[2016-08-01 23:04:02] REKT : Liquidated short on `ETC7D`: Buy 156 @ 0.003768
[2016-08-01 23:05:36] REKT : Liquidated short on `ETC7D`: Buy 1 @ 0.003792 :punch: :whale:
[2016-08-01 23:05:36] zanza : ETC on a tear
[2016-08-01 23:13:36] fineregex : wurstgelee: dont love pump and dump
[2016-08-01 23:14:06] wurstgelee : i do, especially if it/was that obvious
[2016-08-01 23:14:16] wurstgelee : *is/was
[2016-08-01 23:15:18] Rado : Looks like ETH and ETC are both grade to 0.01
[2016-08-01 23:16:28] fineregex : good luck with 0.01 etc 5% in thief's hand 10% in stealing back and forth limbo
[2016-08-01 23:16:47] fineregex : and xy% held by exchanges who "dont want it"
[2016-08-01 23:16:57] fineregex : expecially
[2016-08-01 23:17:37] fineregex : supported by whom next to the thief?
[2016-08-01 23:18:03] Rado : Looks like everyone else than you is buying
[2016-08-01 23:18:27] fineregex : x% minority of singularitiy worshippers/dreamers and anarachists
[2016-08-01 23:18:39] fineregex : and pump and dumper's
[2016-08-01 23:18:57] fineregex : if you like that....
[2016-08-01 23:22:00] fineregex : wont keep you from buying my sell orders (123 each), they have been waiting since a while
[2016-08-01 23:22:17] REKT : Liquidated long on `XBTUSD`: Sell 12022 @ 607.43
[2016-08-01 23:22:52] REKT : Liquidated long on `XBTUSD`: Sell 124 @ 606.66
[2016-08-01 23:29:23] Rado : I sold my free ETC from Polo at 0.0028 and the one from Bitfinex at 0.0030
[2016-08-01 23:29:35] Rado : i was just making an observation
[2016-08-01 23:29:48] Rado : it doesn't mean the buyers will make money
[2016-08-01 23:30:02] Rado : i will short at some point
[2016-08-01 23:31:00] Rado : It's interesting that ETH/BTC is falling with BTC
[2016-08-01 23:31:20] Rado : that means ETH/USD is even falling faster
[2016-08-01 23:34:54] rapidtrades : that break of $610 is not having the follow-through i expected
[2016-08-01 23:38:23] rapidtrades : bitcoin decline could be delayed reaction to yuan strenght
[2016-08-01 23:48:35] Rado : I think this is very close to a major bottom
[2016-08-01 23:48:42] Rado : the most I can see is $580
[2016-08-01 23:48:59] Rado : unless there is a flash crash in which case it will rebound fast
[2016-08-01 23:50:18] rapidtrades : nice market sell
[2016-08-01 23:53:05] miramm1115 : nice, I got couple of 602 fills
[2016-08-01 23:54:30] miramm1115 : well, I might say it was expensive bitcoin in a few hours ;-)
[2016-08-01 23:54:46] rapidtrades : forsho
[2016-08-01 23:56:07] REKT : Liquidated long on `ETHXBT`: Sell 250 @ 0.01806
[2016-08-01 23:58:36] REKT : Liquidated short on `ETC7D`: Buy 20314 @ 0.003883 **MEGA-REKT** :boom:
[2016-08-01 23:59:04] rapidtrades : woah
[2016-08-01 23:59:40] miramm1115 : just 80 coins worth
[2016-08-01 23:59:44] rapidtrades : aaand its gone
[2016-08-02 00:00:29] rapidtrades : i think Vitalik and his gang are shitting pants right now
[2016-08-02 00:00:39] Rado : ETC is popular in here
[2016-08-02 00:01:40] rapidtrades : is ETC on auto-deleveraging
[2016-08-02 00:02:13] Rado : no idea
[2016-08-02 00:02:25] miramm1115 : rapidtrades: no, only on testnet for now
[2016-08-02 00:02:31] rapidtrades : cool
[2016-08-02 00:08:55] rapidtrades : buffett is such a buffoon
[2016-08-02 00:09:45] rapidtrades : Expected to include around 7 tln yen of the total will consist of actual spending
[2016-08-02 00:09:50] rapidtrades : ^^^^ LOL
[2016-08-02 00:11:37] rapidtrades : that's for Japan's 'major' stimulus package
[2016-08-02 00:19:10] rapidtrades : shorting interest on finex quite strong, hard to borrow BTC past few days
[2016-08-02 00:24:02] Rado : I am surprised with what's going on with banks in Euorpe that BTC is falling
[2016-08-02 00:29:22] REKT : Liquidated long on `ETC7D`: Sell 245 @ 0.003753
[2016-08-02 00:29:22] REKT : Liquidated long on `ETC7D`: Sell 100 @ 0.003755
[2016-08-02 00:49:17] rapidtrades : etc cutting heads left and right
[2016-08-02 01:12:24] zanza : what do u think of Yuan rapidtrades ?
[2016-08-02 01:36:20] bitbucks : it takes 6.5 of them to make one of my us dollars seems kinda weak
[2016-08-02 02:12:32] lockhedge : Kraken BTC/EUR at €531 = $594 https://tradeblock.com/markets/krkn/xbt-eur/1m/
[2016-08-02 02:33:07] zanza : wow EUR sellin hard