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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[2016-08-09 15:55:01] HackedOnBFX : hi
[2016-08-09 15:55:20] HackedOnBFX : whats the scoop boys?
[2016-08-09 15:56:59] justinlooking : periodically selling ETC, anticipating > 50% dump
[2016-08-09 16:00:04] migz : Catching knives here. 50% price of ATH though.
[2016-08-09 16:00:22] men : ethereum classic cup and handle?
[2016-08-09 16:02:13] HackedOnBFX : men: yep i saw that
[2016-08-09 16:02:20] HackedOnBFX : justinlooking: 50% dump from the highs?
[2016-08-09 16:02:54] justinlooking : from here, 0.0016 by friday...
[2016-08-09 16:04:33] men : HackedOnBFX: what do you expect in the etc price? :Dù
[2016-08-09 16:04:35] HackedOnBFX : justinlooking: i had 25k contracts short at 0.0043
[2016-08-09 16:04:41] HackedOnBFX : :(
[2016-08-09 16:05:39] HackedOnBFX : men: I've been saying it's a shitcoin the whole time but I think we might test 0.004 again
[2016-08-09 16:08:36] willybot : we just made a killing on polo
[2016-08-09 16:08:44] men : HackedOnBFX: i agree with you :D
[2016-08-09 16:09:05] HackedOnBFX : willybot: on the etc pump?
[2016-08-09 16:09:26] HackedOnBFX : men: I'm only playing short side, if we do, ill get back into my short
[2016-08-09 16:09:26] willybot : HackedOnBFX: ETH/ETC arbs and positioning
[2016-08-09 16:09:40] HackedOnBFX : could be wrong though, this is quite the dump
[2016-08-09 16:10:13] HackedOnBFX : willybot: ETH ETC arb? how is that even possible?
[2016-08-09 16:11:13] willybot : HackedOnBFX: they have the markets for it.
[2016-08-09 16:11:34] HackedOnBFX : willybot: but I mean. Arb is supposed to be buying and selling the same asset.
[2016-08-09 16:11:52] willybot : HackedOnBFX: yaaaa.
[2016-08-09 16:12:40] HackedOnBFX : willybot: ETH and ETC arent perfectly inversely correlated
[2016-08-09 16:12:46] HackedOnBFX : Glad you made $ but i wouldnt call it arbitrage
[2016-08-09 16:12:50] willybot : HackedOnBFX: ETH-BTC-USDT-ETC and a few hunid noobs
[2016-08-09 16:13:14] HackedOnBFX : careful with USDT everyone
[2016-08-09 16:13:25] HackedOnBFX : The tether company was bought by bitfinex
[2016-08-09 16:13:27] willybot : HackedOnBFX: yeah im worried now
[2016-08-09 16:13:48] willybot : HackedOnBFX: ive only a little now after I shat the bed when that clicked
[2016-08-09 16:14:15] HackedOnBFX : when what clicked?
[2016-08-09 16:15:20] willybot : HackedOnBFX: that bitfinex had something to do with it
[2016-08-09 16:20:11] mailtijmen : Well this BitMex feels like a scam to me. Just did my first trade but it seems I am up against only market makers with no volume at all
[2016-08-09 16:23:04] willybot : mailtijmen: it is a scam but just go with and you can come out alive
[2016-08-09 16:23:29] willybot : mailtijmen: keep positions small or they will target you
[2016-08-09 16:23:46] mailtijmen : willybot: too late
[2016-08-09 16:24:20] HackedOnBFX : mailtijmen: lol
[2016-08-09 16:24:30] HackedOnBFX : Not a scam, just very little liquidity
[2016-08-09 16:24:35] mailtijmen : willybot: target as in push the stop-loss?
[2016-08-09 16:24:45] mailtijmen : My leverage is not within reach (yet)
[2016-08-09 16:25:00] HackedOnBFX : mailtijmen: how leveraged are you?
[2016-08-09 16:25:02] mailtijmen : sorry meant stop loss
[2016-08-09 16:25:04] HackedOnBFX : and what asset?
[2016-08-09 16:25:14] mailtijmen : sorry, meant stop loss
[2016-08-09 16:25:19] mailtijmen : FCT long
[2016-08-09 16:26:04] willybot : mailtijmen: I believe bitmex operate the MM bots. Trade knowing this and your fine
[2016-08-09 16:27:24] HackedOnBFX : they claim they dont operate mm bots
[2016-08-09 16:28:40] willybot : HackedOnBFX: Hi my names John and im a unicorn
[2016-08-09 16:30:03] HackedOnBFX : willybot: :P "claim"
[2016-08-09 16:33:02] willybot : HackedOnBFX: i dont give a shit if they do. Just dont lie to me, trade with my data or create a biased market
[2016-08-09 16:34:57] mailtijmen : I like their mails though.
[2016-08-09 16:35:28] mailtijmen : Strange thing is that the contracts do not have intrinsic value as in it is settled for differences continuously as with futures or is it?
[2016-08-09 16:43:18] HackedOnBFX : willybot: agreed
[2016-08-09 16:43:57] HackedOnBFX : FCT getting some action
[2016-08-09 16:50:19] BitMEX_Sam : willybot: We take significant issue with you repeating these unsubstantiated claims
[2016-08-09 16:52:02] mailtijmen : I think FCT might overtake ETH within two months
[2016-08-09 16:52:22] mailtijmen : BitMEX_Sam: wow you are quick to respond
[2016-08-09 16:52:39] mailtijmen : It is like the change in value of contracts following change in value of the underlying asset
[2016-08-09 16:53:15] mailtijmen : What is the name of this chat function??
[2016-08-09 16:53:31] BitMEX_Sam : Sorry?
[2016-08-09 16:54:06] mailtijmen : Nevermind
[2016-08-09 16:54:31] BitMEX_Sam : Are you asking how our chat is implemented?
[2016-08-09 16:54:52] nip : "Bitfinex paid BitGo a bunch of money to make its exchange the most insecure Bitcoin operation on the planet." - great working Arthur
[2016-08-09 16:55:03] mailtijmen : nope. It is called "Trollbox" so wondered why you responded to a troll
[2016-08-09 16:55:15] nip : great wording i mean
[2016-08-09 16:55:22] BitMEX_Sam : Ah yes. I just don't like users perpetuating lies to new users who don't know better.
[2016-08-09 16:55:23] mailtijmen : Yep, really liked the mail as well
[2016-08-09 16:56:02] mailtijmen : BitMEX_Sam: well crypto is founded on a lack of trust so...
[2016-08-09 16:56:21] mailtijmen : any way to change my trollbox name?
[2016-08-09 16:56:21] willybot : BitMEX_Sam: Ok so tell it straight. Do Bitmex or anyone closely associated run the MM bots?
[2016-08-09 16:56:51] BitMEX_Sam : willybot: No, we do not run them, as we have told you point-blank many times
[2016-08-09 16:57:06] mailtijmen : willybot: @BitMEX_Sam my guess: http://robertkaplinsky.com/wp-content/uploads/2013/04/drevil_cover.jpg
[2016-08-09 16:57:21] willybot : BitMEX_Sam: Anyone closely associated run them?
[2016-08-09 16:57:45] mailtijmen : yes: http://vignette2.wikia.nocookie.net/super-villain/images/9/91/3998596-dr-evil.jpg/revision/latest?cb=20140805055410
[2016-08-09 16:57:48] BitMEX_Sam : We have partnerships with MMs to provide certain quote depths, but they are not given privileged market information or access
[2016-08-09 16:57:59] habibi : BitMEX_Sam: Where did Zane stated in recording that "Well, we know Bitfinex isn’t helping out. Zane Tackett, Bitfinex’s community manager and spokesperson, confirmed that Bitfinex itself will not contribute one Satoshi or USD to helping to reduce the tax. Scandalous." :)?
[2016-08-09 16:58:14] BitMEX_Sam : habibi: This was said on TeamSpeak a few days ago
[2016-08-09 16:58:15] mailtijmen : But the spread is enormous
[2016-08-09 16:58:30] mailtijmen : I think FCT might overtake ETH within two months
[2016-08-09 16:58:34] BitMEX_Sam : In fairness, I believe he was confused, but BFX is still unable to provide any number
[2016-08-09 16:58:53] habibi : BitMEX_Sam: are u 100% sure with that? or maybe he said they they can't reveal that atm but they will in following days?
[2016-08-09 16:59:00] BitMEX_Sam : mailtijmen: Some contracts are not actively MMed due to a lack of suitable hedging
[2016-08-09 16:59:14] habibi : so i guess this is lie BitMEX_Sam in article as well
[2016-08-09 16:59:18] willybot : BitMEX_Sam: You guys all come from MM trading backgrounds and in the mission statement set out "to MM". So you guys never traded on your own platform?
[2016-08-09 16:59:30] mailtijmen : BitMEX_Sam: FCT should be hedgeable
[2016-08-09 16:59:45] BitMEX_Sam : willybot: The point of mentioning that Wally has done MM is to show he understand trading applications, not that he will be writing MM for our own exchange
[2016-08-09 17:00:02] BitMEX_Sam : habibi: I am sure, listen to the interview
[2016-08-09 17:00:28] BitMEX_Sam : The paragraph you're referring to is from 2013, I believe, before a single line of code had been written and what BitMEX was going to be was not even yet determined
[2016-08-09 17:00:33] willybot : BitMEX_Sam: No answer the question. Do you or have you traded on your platfrom?
[2016-08-09 17:00:47] BitMEX_Sam : willybot: No, we trade on Testnet only
[2016-08-09 17:01:18] willybot : BitMEX_Sam: Wow. You have never traded on the platform and run no bots.
[2016-08-09 17:01:41] mailtijmen : Value of the FCT contract is significantly below FCT value. Guess where the exposure for the MM is? You need a miracle to make money here.
[2016-08-09 17:02:04] mailtijmen : No-one can beat MM. Def my first and last position at this platform
[2016-08-09 17:02:07] BitMEX_Sam : mailtijmen: I see the quotes right around the mark value, what are you referring to?
[2016-08-09 17:02:33] willybot : BitMEX_Sam: Yeah place an order and see what happens
[2016-08-09 17:02:40] BitMEX_Sam : Polo price is 0.003836
[2016-08-09 17:02:45] mailtijmen : your values come from Polo right?
[2016-08-09 17:02:49] BitMEX_Sam : Yes
[2016-08-09 17:03:13] mailtijmen : I see 3860 and 4057
[2016-08-09 17:03:22] willybot : BitMEX_Sam: Incorrect. The price comes from what we set in the market
[2016-08-09 17:03:28] BitMEX_Sam : Are you grouping your orderbook? I see 3859/3937
[2016-08-09 17:03:43] BitMEX_Sam : willybot: I assure you, being the architect of this platform, that the Mark Price is set from Poloniex
[2016-08-09 17:03:43] mailtijmen : ah, sorry you are right
[2016-08-09 17:04:10] BitMEX_Sam : BitMEX contracts work differently to many other derivatives markets - we mark all contracts for margining purposes to Mark, not to Last
[2016-08-09 17:04:12] willybot : BitMEX_Sam: yes the mark price but market price
[2016-08-09 17:04:21] BitMEX_Sam : I said Mark Price, not Market.
[2016-08-09 17:04:40] mailtijmen : hmm so how does one arrive at mark price?
[2016-08-09 17:04:47] BitMEX_Sam : https://www.bitmex.com/app/fairPriceMarking
[2016-08-09 17:05:04] BitMEX_Sam : mailtijmen: It is equal to the underlying index price +/- some adjustment depending on the contract type
[2016-08-09 17:05:29] BitMEX_Sam : This prevents manipulation in illiquid markets which would make high leverage untradeable on some alts
[2016-08-09 17:05:33] mailtijmen : That is horrible.
[2016-08-09 17:05:56] mailtijmen : I can take care of myself in setting my stop-loss. Now you have taken off all the edge at the top.
[2016-08-09 17:06:09] BitMEX_Sam : It is what's fair - last price marking would mean that a few capitalized users could run the market up and down and shake out stops & liquidations
[2016-08-09 17:06:17] habibi : BitMEX_Sam: yea i did, still didnt get information that u provided in article, instead i heard sth diffrent https://soundcloud.com/user-173875295/bitfinex-itself-will-not-be-taking-a-haircut from 18:30
[2016-08-09 17:06:18] BitMEX_Sam : This prevents that.
[2016-08-09 17:06:34] BitMEX_Sam : mailtijmen: It is used for margining purposes only, actual profit is always just a function of entry and exit price
[2016-08-09 17:06:41] mailtijmen : BitMEX_Sam: But the same happens at the upside
[2016-08-09 17:06:48] BitMEX_Sam : Its only purpose is to prevent unnecessary liquidations
[2016-08-09 17:06:57] mailtijmen : it also prevents my profits
[2016-08-09 17:07:07] mailtijmen : As I get a slowed down price
[2016-08-09 17:07:10] BitMEX_Sam : mailtijmen: No, it doesn't
[2016-08-09 17:07:21] BitMEX_Sam : Your unrealised profit may be less than you expect, but again, profit is a function of entry and exit price
[2016-08-09 17:07:30] BitMEX_Sam : The Mark price has nothing to do with your actual profit
[2016-08-09 17:07:38] mailtijmen : yes but you tamper with my exit price
[2016-08-09 17:07:42] BitMEX_Sam : No, we do not
[2016-08-09 17:07:42] willybot : BitMEX_Sam: who can see my hidden orders?
[2016-08-09 17:07:46] mailtijmen : My exit is the mark price
[2016-08-09 17:07:48] BitMEX_Sam : willybot: Nobody
[2016-08-09 17:07:56] BitMEX_Sam : mailtijmen: No, your exit price is whatever you buy/sell at.
[2016-08-09 17:08:00] willybot : BitMEX_Sam: can you or someone else?
[2016-08-09 17:08:23] BitMEX_Sam : willybot: If I logged into the trading engine and pulled it manually, sure, but we don't do that.
[2016-08-09 17:09:29] HackedOnBFX : BitMEX_Sam: if you hold the contract until expiration, it is settled at the mark price though, yes?
[2016-08-09 17:09:42] zanza : expiration setttles on spot
[2016-08-09 17:09:43] BitMEX_Sam : Yes, but at expiration the mark == the index price
[2016-08-09 17:10:05] willybot : zanza: it settles on the mark?
[2016-08-09 17:10:47] BitMEX_Sam : From the `ETC7D` description:
[2016-08-09 17:10:48] BitMEX_Sam : > Settlement This contract settles on the .ETCXBT30M index value Every Friday at 07:00 (12:00 UTC)
[2016-08-09 17:10:54] willybot : so if its %6 under mark and 2 seconds to go your on a winner
[2016-08-09 17:11:10] BitMEX_Sam : That's how futures work, yes.
[2016-08-09 17:13:08] BitMEX_Sam : habibi: I agree that it is not completely conclusive and we should have qualified that in the article - however they are not providing any data and information from Zane is very confused
[2016-08-09 17:13:34] habibi : Again, u were concerned about willy lieing, its the same :(
[2016-08-09 17:13:38] BitMEX_Sam : Judging by the amount of the loss - 36% - compared to their balances it seems quite high, so either they are contributing little to none or giving favored parties 100% of their money back
[2016-08-09 17:14:09] BitMEX_Sam : It's not lying, that implies intent - this was the impression we got from the communication we saw and listened to
[2016-08-09 17:15:21] habibi : Too much reddit reading i guess. Anyway correction should be made right?
[2016-08-09 17:15:41] BitMEX_Sam : We also mentioned that BFX refutes this, but that nothing is certain until a third-party audit is done
[2016-08-09 17:15:52] BitMEX_Sam : > Bitfinex now refutes this, but refuses to provide details. Without a third-party audit, any of these words are meaningless.
[2016-08-09 17:16:06] BitMEX_Sam : So then we go into calculations about what could be contributed.
[2016-08-09 17:16:20] willybot : I know people who got %100 of their coins back
[2016-08-09 17:16:23] habibi : i am not asking about other parts of article, just this single particular one
[2016-08-09 17:16:41] BitMEX_Sam : I agree that a lot of information is confused & possibly inaccurate, both the information that is currently out on reddit, the information Zane & BFX have provided, and the out-of-context quotes flying around social media
[2016-08-09 17:16:44] willybot : Bitfinex are corrupt
[2016-08-09 17:17:14] BitMEX_Sam : habibi: I agree that we should qualify the statement and I have edited it
[2016-08-09 17:19:18] habibi : BitMEX_Sam: fairly done :)
[2016-08-09 17:29:31] justinlooking : any news on eta for etc swap?
[2016-08-09 17:31:55] BitMEX_Wally : Bitfinex was one of the few places you could trade it with margin
[2016-08-09 17:32:37] BitMEX_Wally : So now we need to wait for Poloniex to add lending for ETC
[2016-08-09 17:32:56] Tetsuo : Not a single penny will get out of this hellhole aka Finex
[2016-08-09 17:33:15] habibi : U wanna bet ?
[2016-08-09 17:33:29] BitMEX_Sam : Given its volatility we feel more comfortable at the moment with short-term futures on ETC
[2016-08-09 17:33:43] habibi : Tetsuo: ?
[2016-08-09 17:34:03] Tetsuo : no
[2016-08-09 17:34:15] zanza : so you need a reference swap rate to find the ETC funding rate?
[2016-08-09 17:34:17] habibi : Why?
[2016-08-09 17:34:29] Tetsuo : not a gambler
[2016-08-09 17:34:32] Tetsuo : lol
[2016-08-09 17:34:46] BitMEX_Sam : Yes, swap rates are based on lending rates and adjusted by trading premium
[2016-08-09 17:35:30] Tetsuo : i don´t place money on all opinions i have. If someone tells me it´s going to rain tomorrow, i don´t ask him if he want´s to bet, do you?
[2016-08-09 17:36:21] Tetsuo : But after beein into the bitcoin trading scene for about 4 years now , i have ssen a lot of exit scams in real time, and finex fits perfectly into it
[2016-08-09 17:37:06] justinlooking : hopefully kraken will add leveraged etc trading
[2016-08-09 17:37:06] BitMEX_Sam : Malice or incompetence is the prime question, I don't assume malice right now
[2016-08-09 17:37:11] habibi : Tetsuo: lol, no problemos ;)
[2016-08-09 17:37:53] Tetsuo : I think first there was incompetence then there was malice
[2016-08-09 17:44:32] REKT : Liquidated long on `ETC7D`: Sell 4911 @ 0.003076
[2016-08-09 18:01:37] REKT : Liquidated long on `ETHXBT`: Sell 2 @ 0.02097 :punch: :whale:
[2016-08-09 18:07:37] migz : Seems some good news on ETC.
[2016-08-09 18:07:42] habibi : migz: ?
[2016-08-09 18:08:19] migz : https://twitter.com/CollinCrypto/status/763068750459379712
[2016-08-09 18:09:26] zanza : wow wtf
[2016-08-09 18:09:42] zanza : didn't ethdev just dump their etc?
[2016-08-09 18:10:04] migz : it was all for the show.
[2016-08-09 18:24:41] aleksn : zanza where did you hear that?
[2016-08-09 18:42:23] crmun : BitMEX_Sam: what is wrong with mark price btc? it is different than kaiko
[2016-08-09 18:46:44] crmun : it is lower than bitstamp, okcoin even btce
[2016-08-09 18:47:55] crmun : BitMEX_Wally: index/mark price btc
[2016-08-09 18:48:53] lockhedge : index is based on last price and spreads are relatively how on bitstamp and okc
[2016-08-09 18:49:28] lockhedge : *relativley wide
[2016-08-09 18:51:51] CaptainDean : BTCStamp is @ 584.41 and OKCoin @ 583.75
[2016-08-09 18:51:58] CaptainDean : 484.06 is the middle
[2016-08-09 18:52:06] CaptainDean : they have 50%-50% weight
[2016-08-09 18:52:41] CaptainDean : https://www.bitmex.com/app/fairPriceMarking
[2016-08-09 18:54:08] lockhedge : bidstamp best bid is 582.37 and best ask 582.15, so price jumps depending on last trade was buy or sell market order
[2016-08-09 18:55:12] lockhedge : sry best ask was 584.15
[2016-08-09 18:57:31] crmun : ok, i didnt notice okc is so bearish
[2016-08-09 18:57:56] crmun : unusual
[2016-08-09 19:03:49] CaptainDean : yeah we follow the USD side, not much volume
[2016-08-09 19:51:02] REKT : Liquidated short on `ETC7D`: Buy 16 @ 0.003387
[2016-08-09 19:51:07] REKT : Liquidated short on `ETC7D`: Buy 900 @ 0.003397
[2016-08-09 19:53:22] REKT : Liquidated short on `ETC7D`: Buy 810 @ 0.003438
[2016-08-09 20:06:37] Hoble : ETC7D such an illiquid market
[2016-08-09 20:07:49] Hoble : huge spreads between market and instrument pricing
[2016-08-09 20:13:22] REKT : Liquidated short on `ETC7D`: Buy 199 @ 0.003570
[2016-08-09 20:16:51] REKT : Liquidated long on `FCTXBT`: Sell 25 @ 0.003986
[2016-08-09 20:18:07] REKT : Liquidated short on `ETC7D`: Buy 177 @ 0.003639
[2016-08-09 20:18:38] zanza : https://www.reddit.com/r/Bitcoin/comments/4wy0ay/bitfinex_new_disclaimer_bfx_not_available_for/
[2016-08-09 20:18:53] BitMEX_Sam : Yeah saw that in person.
[2016-08-09 20:21:15] zanza : seems like they may have got a smack down from CFTC or FDIC
[2016-08-09 20:22:14] BitMEX_Sam : some `[A-Z]{3,4}` agency
[2016-08-09 20:22:39] zanza : programmer humer :)
[2016-08-09 20:34:46] laisee : here is bound to be 'C' in there somewhere
[2016-08-09 20:56:36] REKT : Liquidated long on `FCTXBT`: Sell 200 @ 0.003999
[2016-08-09 21:03:44] ZoNi : BitMEX_Sam: what's the loss due to pde on etc right now
[2016-08-09 21:04:04] BitMEX_Sam : ZoNi: 0%, see the green percentage in the orderbook and on the sidebar
[2016-08-09 21:05:37] ZoNi : BitMEX_Sam: i see that, but my pending PNL is 0.82 and my cash settlement amount is 1.69
[2016-08-09 21:05:44] ZoNi : BitMEX_Sam: isnt there somethingwrong
[2016-08-09 21:06:08] BitMEX_Sam : ZoNi: You likely got an early unlock, which occurs when the system detects low risk
[2016-08-09 21:06:20] BitMEX_Sam : Normally funds unlock only at rebalance which for ETC7D is weekly at 12:00 UTC
[2016-08-09 21:06:39] BitMEX_Sam : Early unlocks are done every 12 hours if possible for up to 50% of pending profit
[2016-08-09 21:06:49] ZoNi : BitMEX_Sam: ahhh yes makes sense
[2016-08-09 21:06:57] ZoNi : BitMEX_Sam: thanks didnt know about that at all
[2016-08-09 21:07:04] BitMEX_Sam : We don't document this very well - I have an open issue to make it more obvious
[2016-08-09 21:17:50] esuvari : BitMEX_Sam: why is the funding fee on eth is so insane?
[2016-08-09 21:18:00] esuvari : 0.3516% ???
[2016-08-09 21:18:36] esuvari : and it doesn't matter if I use high leverage or not. even with 1x I still pay that
[2016-08-09 21:20:25] BitMEX_Sam : Yes, it's quite high because ETHXBT premium has been high
[2016-08-09 21:20:25] BitMEX_Sam : https://www.bitmex.com/app/index/.ETHXBTPI
[2016-08-09 21:22:16] BitMEX_Sam : The funding rate was determined by the average premium from 12:00 to 20:00 UTC today
[2016-08-09 21:23:53] esuvari : forgive me being noob, what exactly is a premium?
[2016-08-09 21:24:32] esuvari : and does it really make sense to pay the same amount of fee regardless of using leverage?
[2016-08-09 21:25:05] esuvari : isn't funding fee supposed to be the interest of the money you borrow?
[2016-08-09 21:25:22] esuvari : so why do I pay it if I don't actually borrow any.
[2016-08-09 21:26:46] lockhedge : the swap resembles a future without expiry, instead of a premium/discount (price difference to spot), you pay/receive a variable interest rate
[2016-08-09 21:31:25] vbmithr : when using leverage you don't borrow money
[2016-08-09 21:33:06] vbmithr : you need some balance to be able to open/maintain positions
[2016-08-09 21:34:34] vbmithr : also it's not true that you pay "the same amount of fees", the fee you pay is always proportional to the size of the position, so if you have a highly leveraged one, the fee is a bigger proportion of the required margin
[2016-08-09 21:47:25] esuvari : true. but I tend to see a 1btc position with 10x leverage the same as 10 btc position with 1x leverage.
[2016-08-09 21:48:58] esuvari : paying the same fee for both doesn't make sense to me. a habit from my experience with other exchanges I think.
[2016-08-09 21:52:02] lockhedge : going short ETC at 1x leverage with BTC as margin is not the same as selling all your ETC, you don't have to own any
[2016-08-09 21:57:14] BitMEX_Sam : Funding being the same for both (10x * 1, 1x * 10) makes sense because the position size is the same
[2016-08-09 21:57:49] BitMEX_Sam : In general, on every crypto exchange, fees are paid on the size of the position regardless of leverage
[2016-08-09 21:58:08] Mm bot : It is a wired feeling profit here, it is like making money out of Monopoly money. I don't think we are buying/selling any actual coins
[2016-08-09 21:59:38] Mm bot : ETH funding is going to stay high with army of Dapps and ICOs, Devon.. Hope funding interest God go easy on me
[2016-08-09 22:00:38] lockhedge : it's contracts no coins, like you trade contracts on CME not physical Oil or Gold
[2016-08-09 22:16:38] zanza : ETH funding is high since it jumped like 12% in a day
[2016-08-09 22:17:07] REKT : Liquidated long on `FCTXBT`: Sell 5 @ 0.003810
[2016-08-10 06:09:22] wilhelm : Noob here, can anyone explain to me like I am five, on how Fair Price ( Market Price ) and last price works?
[2016-08-10 06:17:01] vbmithr : the last price is the price of the last trade on the exchange
[2016-08-10 06:18:01] vbmithr : then there is fair price/ mark price
[2016-08-10 06:18:13] vbmithr : mark price is the price that is used for the P/L calculations
[2016-08-10 06:18:36] vbmithr : the instant ones, that you see on the green or red gauges
[2016-08-10 06:19:38] vbmithr : the mark price is the price of an index plus a discount/premium depending on things
[2016-08-10 06:19:55] vbmithr : read the doc, you really need to understand any
[2016-08-10 06:19:59] vbmithr : anyway
[2016-08-10 06:20:04] vbmithr : if you want to trade here :)
[2016-08-10 06:20:29] vbmithr : futures and swaps work completely differently
[2016-08-10 07:57:35] aethlios : test
[2016-08-10 07:58:08] Tetsuo : #fail
[2016-08-10 08:02:44] mailtijmen : Is my realised PNL on FCTXBT contract influenced by withdrawal of BTC from my account?
[2016-08-10 08:03:19] mailtijmen : What is Realised PNL anyway for an open contract?
[2016-08-10 08:25:51] BitMEX_Wally : Realised PNL is the cumulative realised profit/loss for FCTXBT
[2016-08-10 08:26:21] BitMEX_Wally : PNL gets automatically realised every 24 hours when the contract rebalances
[2016-08-10 08:28:07] mailtijmen : Ok but is it effected as well?
[2016-08-10 08:28:19] mailtijmen : as in does it result in a cash out?
[2016-08-10 08:32:31] mailtijmen : http://i.imgur.com/lsUszX8.gif
[2016-08-10 08:33:18] mailtijmen : http://i.imgur.com/qTAOtC5.gif
[2016-08-10 08:37:34] BitMEX_Wally : Depositing and withdrawing does not affect realised PNL
[2016-08-10 08:37:52] BitMEX_Wally : If you hover over the Realised PNL number it will show you just the realised PNL for the last 24 hours
[2016-08-10 08:39:15] mailtijmen : BitMEX_Wally: Does the realised PNL result in an actual cash out?
[2016-08-10 08:54:15] BitMEX_Wally : Realised PNL can be withdrawn
[2016-08-10 08:57:06] mailtijmen : @BitMEX_Wally I have a negative pnl of -0.0043 XBT shown. Has this been removed from my balance?
[2016-08-10 08:57:21] mailtijmen : that is negative realised PNL
[2016-08-10 08:58:57] BitMEX_Wally : Yes, you can see a breakdown of your balance here: https://www.bitmex.com/app/wallet
[2016-08-10 09:00:21] BitMEX_Wally : There will be a pending `CashRebalance`
[2016-08-10 09:00:51] BitMEX_Wally : If you've just opened your position then that small negative realised PNL is just trading fees
[2016-08-10 09:27:36] mailtijmen : ah ok thanks!
[2016-08-10 09:32:02] REKT : Liquidated long on `ETC7D`: Sell 1000 @ 0.003206
[2016-08-10 09:32:02] REKT : Liquidated long on `ETC7D`: Sell 900 @ 0.003210
[2016-08-10 09:50:36] REKT : Liquidated long on `ETC7D`: Sell 25000 @ 0.003119 **MEGA-REKT** :boom:
[2016-08-10 10:26:26] Chalexov : hello all
[2016-08-10 10:26:33] Chalexov : admin here?
[2016-08-10 10:26:36] Chalexov : or support?
[2016-08-10 10:26:58] zanza : hi
[2016-08-10 10:29:00] BitMEX_Jinming : Chalexov: Hi
[2016-08-10 10:29:15] Chalexov : BitMEX_Wally: hello
[2016-08-10 10:29:22] BitMEX_Jinming : Chalexov: What can I help?
[2016-08-10 10:29:39] Chalexov : you may see this interested coin http://coinmarketcap.com/currencies/leocoin/#markets
[2016-08-10 10:29:52] Chalexov : i can get over 2000 guys on your excnhage to trade it
[2016-08-10 10:29:55] Chalexov : ;)
[2016-08-10 10:30:15] Chalexov : BitMEX_Jinming: https://cointelegraph.com/news/on-eve-of-success-how-accepted-are-cryptocurrencies-today
[2016-08-10 10:30:20] zanza : that could be a massive spike in business
[2016-08-10 10:30:23] Chalexov : real interested..;)
[2016-08-10 10:30:46] vbmithr : 50$ volume a day
[2016-08-10 10:30:49] Chalexov : soon this coin will be full legal in usa..they working on trading license..;)
[2016-08-10 10:30:51] vbmithr : we're speaking big here
[2016-08-10 10:31:00] Chalexov : so for us is good to stocka sap,hahahah
[2016-08-10 10:31:58] BitMEX_Jinming : Chalexov: Thanks for the information, I will take a look.
[2016-08-10 10:32:45] Chalexov : BitMEX_Jinming: good..you will like it..i am crypto traider from 2009...and i follow that coin last 15 months and i see great progres..;)
[2016-08-10 10:32:48] Chalexov : big comunity
[2016-08-10 10:33:29] Chalexov : coin start solo pos from 01.07.2016
[2016-08-10 10:33:55] ScottJ : Which price is the 'Current Price' on stops?
[2016-08-10 10:34:02] ScottJ : Is it Last Price?
[2016-08-10 10:34:16] ScottJ : Or Mark Price?
[2016-08-10 10:34:39] zanza : I think Last
[2016-08-10 10:35:29] Chalexov : BitMEX_Jinming: http://finance.yahoo.com/news/leocoin-entrepreneurs-alternative-bitcoin-moves-231100446.html
[2016-08-10 10:35:53] BitMEX_Jinming : ScottJ: by default it's last price, however when you submit the stop order, you can tick `Mark Price Trigger`
[2016-08-10 10:35:56] zanza : is there any way we can invest in this coin?
[2016-08-10 10:43:17] habibi : Chalexov: looks like a pretty bad scam coin
[2016-08-10 10:53:36] Chalexov : habibi: not since usa congresman seteve stoackman support it and make license for usa !
[2016-08-10 10:53:49] Chalexov : and its on 6 exchanges,etc..
[2016-08-10 10:54:10] Chalexov : and boris johnson from UK politic support leocon and founders!
[2016-08-10 10:54:27] habibi : big mouth doesnt make it less scammy :)
[2016-08-10 11:02:41] justinlooking : everything boris johnson touches goes to shit. where can we short leocoin?
[2016-08-10 12:11:44] Boontjie : BitMEX_Jinming: How does the predicted funding calc work?
[2016-08-10 12:30:46] subjective : does the new risk limit option increase the fees in any way?
[2016-08-10 12:30:53] subjective : or liquidation price?
[2016-08-10 12:35:56] sq : hi, how do i pull out the funding rate from API?
[2016-08-10 12:36:08] sq : ie the 0.0938% in 7 hours?
[2016-08-10 12:36:10] sq : the upcoming one
[2016-08-10 12:36:12] sq : tks
[2016-08-10 12:40:15] subjective : @BitMEX_Jinming how come the risk limit has decreased from 250BTC to 50BTC
[2016-08-10 12:40:27] subjective : that is way to low to stay on the lowest limit
[2016-08-10 12:41:03] BitMEX_Jinming : Boontjie: predicted funding rate is the avg rate from last funding time until now, and keeps updating
[2016-08-10 12:42:04] sq : BitMEX_Jinming: how do i pull out the funding 0.0938% from the api
[2016-08-10 12:42:07] sq : tks
[2016-08-10 12:42:17] zanza : yes Risk limit will change liquidation price
[2016-08-10 12:42:19] sq : for xbtusd
[2016-08-10 12:42:24] zanza : that is why it was designed
[2016-08-10 12:42:48] BitMEX_Jinming : subjective: yes, there was an announcement about the risk limit change. You can find the new risk limits: https://www.bitmex.com/app/riskLimits
[2016-08-10 12:43:25] BitMEX_Jinming : sq: you can find funding rate in the `instrument` endpoint
[2016-08-10 12:43:39] Boontjie : BitMEX_Jinming: I am thinking you mean moving average of a few funding periods? As it is not possible to go from negative to positive funding otherwise?
[2016-08-10 12:44:22] sq : thanks
[2016-08-10 12:45:01] BitMEX_Jinming : Boontjie: it is not moving average, the period always start from last funding rate to now
[2016-08-10 12:45:13] BitMEX_Jinming : I mean last funding time to now
[2016-08-10 12:45:24] BitMEX_Jinming : sq: you are welcome
[2016-08-10 12:47:13] Boontjie : So its a straight line estimate. e.g. Previous funding 3 hours ago was 0.2%, expected funding in 5 hours is 0.1% then predicted funding in 17 hours is 0%?
[2016-08-10 12:49:22] sleger : BitMEX_Jinming: how many accounts per name can we open ?
[2016-08-10 12:53:40] BitMEX_Jinming : Boontjie: for example, the predicted funding rate now is calculated as avg from 12UTC to now, and will be finalised at 20UTC, and charged at 4UTC tomorrow.
[2016-08-10 12:54:34] BitMEX_Jinming : sleger: what do you mean by name? you can register as many accounts as you like.
[2016-08-10 12:55:10] sleger : BitMEX_Jinming: name is first name and last name. Ok so I can register 2 accounts using the same name, I only need different email address ?
[2016-08-10 12:56:03] BitMEX_Jinming : @sleger: Yes as long as they have different email addresses. People may have same name.
[2016-08-10 12:56:25] sleger : ok thanks, so it's easy to bypass the new ma risk limits
[2016-08-10 12:56:30] sleger : *max
[2016-08-10 12:56:44] zanza : rofl
[2016-08-10 12:56:51] zanza : dont say that outloud sleger
[2016-08-10 12:57:14] Boontjie : sleger: yeah bro. shhh
[2016-08-10 12:57:33] zanza : that will be the noob tax
[2016-08-10 12:58:31] sleger : i dont like dumb rules, dumb rules are ones easy to bypass like that, they should make smarter rules, now I have to waste time switching between accounts to do exactly what I could have done yesterday easily
[2016-08-10 12:59:04] Boontjie : BitMEX_Jinming: Thanks, I understand. The current funding is fixed from the previous period, meaning you average the rate over time from polo
[2016-08-10 12:59:28] BitMEX_Jinming : Boontjie: yes:)
[2016-08-10 13:00:17] Boontjie : sleger: I would suggest you build an API bot. To spam all the requests to your different accounts. Its very easy to do
[2016-08-10 13:22:27] REKT : Liquidated short on `XBTUSD`: Buy 13500 @ 593.95
[2016-08-10 13:22:33] REKT : Liquidated short on `XBTUSD`: Buy 13017 @ 594.31
[2016-08-10 13:22:43] REKT : Liquidated short on `XBTUSD`: Buy 750 @ 594.80
[2016-08-10 13:23:12] REKT : Liquidated short on `XBTUSD`: Buy 820 @ 595.81
[2016-08-10 13:26:09] meh : volume?
[2016-08-10 13:26:30] justinlooking : sleger: u know the email + trick?
[2016-08-10 13:26:44] Rado : yeah
[2016-08-10 13:26:47] Rado : on gmail
[2016-08-10 13:27:00] sleger : yes, that's enough for here?
[2016-08-10 13:27:11] Rado : sleger+bitmex1@
[2016-08-10 13:27:20] j8 : would take 8 accounts, or 8% maintenance margin, to buy the liquidation on XBTU16. pretty extreme
[2016-08-10 13:27:20] Rado : sleger+bitmex2@
[2016-08-10 13:27:40] Rado : j8: that's a lot
[2016-08-10 13:28:03] sleger : why did they reduce it so much ?
[2016-08-10 13:28:49] Rado : j8: it's 363 XBT order size
[2016-08-10 13:29:02] Rado : so yes your are right 8 X 50
[2016-08-10 13:29:08] j8 : i dunno from the email i thought they were only reducing it on XBTUSD. hows it goin @sleger
[2016-08-10 13:29:23] sleger : mark is off for U16 as usual
[2016-08-10 13:29:35] Rado : I think they want to reduce the big liquidations
[2016-08-10 13:29:44] sleger : j8: no, eth is 50xbt now, so tiny ! All going well thanks, you ?
[2016-08-10 13:29:52] Rado : all the DPE comes from huge liq
[2016-08-10 13:30:08] sleger : Rado: yes so now they're gonna come for more accounts, but same thing
[2016-08-10 13:30:14] Rado : sleger: it's 100 XBT on swap
[2016-08-10 13:30:47] Rado : 100 XBT is good for me :-)
[2016-08-10 13:30:55] Rado : <-- small fish
[2016-08-10 13:31:21] j8 : sleger: alright, picking up the pieces from last week.. wasn't fun
[2016-08-10 13:31:45] sleger : i would buy some U16 but I already have 90xbt position so I guess they prefer to keep liquidation orders in the book
[2016-08-10 13:32:05] sleger : j8: i own a few tens of thousands of the new "xbt coin"
[2016-08-10 13:32:49] j8 : they've been trying pretty hard to not fill that liquidation, it's moved up from 612. oh i'm swimming in bfx coin too :)
[2016-08-10 13:33:46] Rado : I think they can not re open trading
[2016-08-10 13:33:48] Rado : Bitfinex
[2016-08-10 13:33:59] Rado : I mean withdrawals
[2016-08-10 13:34:03] sleger : yeah there system to minimize the # of occurences of DPE is pretty stupid IMO
[2016-08-10 13:34:09] sleger : *their
[2016-08-10 13:34:11] Rado : if they do 90% will be gone
[2016-08-10 13:34:49] Rado : sleger: I think these are just default risk limits
[2016-08-10 13:34:54] Rado : they can increase them per account
[2016-08-10 13:35:05] Rado : based on the account standing
[2016-08-10 13:35:12] Rado : you should request an increase
[2016-08-10 13:35:26] sleger : thats not how it works, you have to risk more MM % to increase
[2016-08-10 13:36:55] Rado : more MM %?
[2016-08-10 13:37:24] sleger : yes, read the email
[2016-08-10 13:37:30] sleger : MM=maint margin
[2016-08-10 13:38:31] j8 : it might be a good system, except that anyone who wants to can easily abuse it with many accounts. so it punishes honest folks and doesn't actually decrease DPE risk..
[2016-08-10 13:40:09] sleger : Also I am wondering about this : "Risk Limit90.2485 / 50 XBT" but "XBTU16 10621 67.5379 XBT "
[2016-08-10 13:40:17] j8 : i don't think i'll go to the trouble of setting up a lot of accounts, i'll just end up trading 1/10 as much here
[2016-08-10 13:40:26] Rado : so it doesn't matter how many BTC you have in the account?
[2016-08-10 13:40:43] Rado : j8: I agree
[2016-08-10 13:40:50] Rado : that will be the result
[2016-08-10 13:40:58] sleger : ah that's exactly what I did after they decided to randomly steal 10k$ from my account to give to other customers, since I traded 10% of what I did before, and will continue to do so
[2016-08-10 13:41:39] Rado : sleger you got liquidated because of the change or there was DPE?
[2016-08-10 13:41:46] sleger : none
[2016-08-10 13:41:57] Rado : I don't know the full story
[2016-08-10 13:42:22] sleger : they made a change without notice that strongly manipulated the price of the swap (introduction of funding fee) while I had a large open position
[2016-08-10 13:43:00] sleger : that caused the premium (10$ then) to evaporate suddenly and I had a long 1k xbt position
[2016-08-10 13:43:01] Rado : so the funding fee affected your position
[2016-08-10 13:43:02] Rado : got it
[2016-08-10 13:43:18] sleger : no, it affected the price of the underlying
[2016-08-10 13:43:41] sleger : they basically changed the value of the contract without letting users settle their positions
[2016-08-10 13:43:50] j8 : the original way the swap was designed was a disaster
[2016-08-10 13:44:16] sleger : it was what it was, i dont mind trading a stupid product as long as rules dont change
[2016-08-10 13:45:56] Rado : now they implemented 1 week or 2 weeks advance notice n changes
[2016-08-10 13:46:09] sleger : because of that
[2016-08-10 13:46:24] sleger : they realized they did something completely illegal
[2016-08-10 13:46:34] Rado : by the way they made a change in the software because I got liquidated on ETH
[2016-08-10 13:46:54] Rado : it used to be the number of contracts stayed the same when you switch contracts
[2016-08-10 13:47:35] Rado : so I was trading 5000 XBTUSD and 500 ETH
[2016-08-10 13:47:47] Rado : I entered a stop on my ETH trade
[2016-08-10 13:47:55] Rado : but did not notice it was 5000
[2016-08-10 13:48:10] Rado : the stop executed at night
[2016-08-10 13:48:16] sleger : yes sucks, but that was still somewhat your fault there
[2016-08-10 13:48:17] Rado : and then reversed again to liquidate me
[2016-08-10 13:48:25] Rado : you are right
[2016-08-10 13:48:33] Rado : but the software got improved because of that
[2016-08-10 13:51:14] Rado : where is rapidtrades?
[2016-08-10 13:55:52] Rado : wow
[2016-08-10 13:57:06] Rado : rumour that there is a 3 mln USD bounty for the Bitfinex coins
[2016-08-10 13:59:36] Rado : China leading this pop on BTC
[2016-08-10 13:59:43] Rado : were there any news?
[2016-08-10 14:04:36] Rado : Lisk moving today
[2016-08-10 14:04:47] Rado : new version of the software getting released
[2016-08-10 14:04:49] j8 : bitfinex post
[2016-08-10 14:05:22] Rado : where j8?
[2016-08-10 14:05:24] j8 : https://bitfinex.statuspage.io/
[2016-08-10 14:06:11] j8 : pumped 40 minutes before it was public
[2016-08-10 14:06:14] Rado : wow
[2016-08-10 14:06:15] j8 : classic
[2016-08-10 14:06:20] Rado : they are enabling withdrawals
[2016-08-10 14:06:24] lockhedge : they are enabling trading in 2h?
[2016-08-10 14:06:38] Rado : it will be very interesting
[2016-08-10 14:07:24] Rado : j8: after they enable it there will be a bigger pump
[2016-08-10 14:07:45] Rado : everyone that has USD will buy BTC so they can withdraw easily
[2016-08-10 14:08:02] j8 : Rado: will have to see what the premium on bitfinex is, could mean selling on other exchanges
[2016-08-10 14:08:45] Rado : right
[2016-08-10 14:08:55] Rado : but the coins first need to move
[2016-08-10 14:09:06] Rado : so there will be volatility fo rsure
[2016-08-10 14:09:44] Rado : Exchange trading will also be enabled for the BFX token on pairs BFXUSD and BFXBTC
[2016-08-10 14:10:04] Rado : I don't get how will this trade
[2016-08-10 14:10:09] j8 : i'm glad it's withdrawals + trading at the same time at least
[2016-08-10 14:10:22] Rado : is it going to start trading at $1?
[2016-08-10 14:10:29] Rado : j8: agreed
[2016-08-10 14:10:45] Rado : BFX token will plumet
[2016-08-10 14:10:57] j8 : it will start wherever people place orders
[2016-08-10 14:11:16] sleger : j8: what's your view of the price after few hours after launch of bfxusd ?
[2016-08-10 14:12:07] Rado : I think it will plummet and then speculators will start bidding it
[2016-08-10 14:12:17] j8 : sleger: $604.06
[2016-08-10 14:12:29] sleger : j8: bfxusd price ?
[2016-08-10 14:12:37] j8 : right back where we were. ha
[2016-08-10 14:12:40] Rado : j8: he was asking about the token
[2016-08-10 14:12:47] Rado : I think 0.3 USD
[2016-08-10 14:12:48] j8 : i see.
[2016-08-10 14:13:23] sleger : Rado: 0.3 is quite optimistic, i'd say it's worth 0.1-0.2 but expect it to trade 0.2-0.3 after couple of hours
[2016-08-10 14:13:42] j8 : yeah somewhere in there. 0.3 is not unreasonable
[2016-08-10 14:13:45] Rado : yes sleger
[2016-08-10 14:13:54] Rado : I think people will bid it up if it's 0.1
[2016-08-10 14:13:55] sleger : i will offer mine at 0.5 asap
[2016-08-10 14:14:07] Rado : :-)
[2016-08-10 14:14:24] Rado : and then buy them back at 0.2
[2016-08-10 14:14:26] Rado : lol
[2016-08-10 14:14:47] Rado : there is no dull moment with crypto
[2016-08-10 14:14:55] aethlios : 16:00 utc is in 3 hours??
[2016-08-10 14:15:02] Rado : 2 hours
[2016-08-10 14:15:11] Rado : 1:45 to be precies
[2016-08-10 14:16:03] Rado : sleger: do you have the same issue as me? I can't click on exchange and margin trading tabs in BFX
[2016-08-10 14:16:23] Rado : it goes to funding every time
[2016-08-10 14:16:33] Rado : it was working before
[2016-08-10 14:17:54] aethlios : what price you think a bargain for the token??
[2016-08-10 14:18:03] Mangalica : 5 cents
[2016-08-10 14:18:05] aethlios : token will start trading also.
[2016-08-10 14:18:21] aethlios : 5 to 15 cents I am considering also.
[2016-08-10 14:18:21] Rado : Mangalica: lol
[2016-08-10 14:18:26] Rado : 5 cents is low
[2016-08-10 14:18:41] Rado : here we go
[2016-08-10 14:18:54] Rado : XBTUSD going
[2016-08-10 14:19:07] REKT : Liquidated long on `ETC7D`: Sell 2 @ 0.003013 :punch: :whale:
[2016-08-10 14:19:17] zanza : where can I buy BFX token ?
[2016-08-10 14:19:21] Rado : Please note that U.S. residents will only be able to sell—not buy—BFX tokens at this time.
[2016-08-10 14:19:28] aethlios : 5 to 10 cents to but the dump, us cant buy, few usd left to buy the 70 mill. supply. many will dump tio buy btc and escape
[2016-08-10 14:19:36] Rado : zanza: only on Bitfinex
[2016-08-10 14:19:38] Rado : for now
[2016-08-10 14:19:41] sleger : Rado: I can click on those
[2016-08-10 14:19:44] Rado : maybe Polo will list them later
[2016-08-10 14:19:50] Rado : sleger: thanks
[2016-08-10 14:19:53] zanza : dont have finex acct
[2016-08-10 14:19:54] Rado : will try another browser
[2016-08-10 14:20:05] Rado : zanza: don't open one lol
[2016-08-10 14:20:15] aethlios : can bitmex create a finex token contract please????????????????
[2016-08-10 14:20:24] j8 : Rado: i had the same problem yesterday
[2016-08-10 14:20:24] Rado : I think they will
[2016-08-10 14:20:27] zanza : yes, i need 10x leverage
[2016-08-10 14:20:39] Rado : j8: what did you do?
[2016-08-10 14:20:41] aethlios : do it fast as ETC