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 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
[2016-08-10 14:20:45] Rado : clear cache?
[2016-08-10 14:20:49] sleger : Rado: sorry i can click but yes it does go to margin funding
[2016-08-10 14:20:52] REKT : Liquidated long on `ETHXBT`: Sell 200 @ 0.02037
[2016-08-10 14:20:52] REKT : Liquidated long on `ETHXBT`: Sell 110 @ 0.02036
[2016-08-10 14:20:59] Rado : ok
[2016-08-10 14:21:02] j8 : Rado: i just figured they disabled / redirected those
[2016-08-10 14:21:23] Rado : just wanted to make sure that they are doing it and it's not for me only
[2016-08-10 14:21:58] aethlios : lets see the premium of finex btc
[2016-08-10 14:23:13] Rado : ETC falling, ETH up, LSK pump, BFX token, BTC pumping
[2016-08-10 14:23:18] Rado : so many to chose from
[2016-08-10 14:23:20] Rado : :-)
[2016-08-10 14:23:53] Rado : sharpen your knifes boys and girls
[2016-08-10 14:23:59] Rado : do we have girls in here?
[2016-08-10 14:27:04] zanza : RIP ETC
[2016-08-10 14:28:17] zanza : im a grill xD
[2016-08-10 14:28:35] Rado : zanza: :-)
[2016-08-10 14:28:45] Rado : You might be the only one
[2016-08-10 14:29:00] Rado : we need at least one girl in here for luck
[2016-08-10 14:29:27] Rado : I think I will be shorting the BTC pop
[2016-08-10 14:29:31] Rado : brb
[2016-08-10 14:35:53] aethlios : what did you understand tokens are?? a clain to the loss? no equity??
[2016-08-10 14:37:25] Rado : aethlios: tokens are not equity from iFinex (the company)
[2016-08-10 14:37:26] lockhedge : generally they are nothing, but Bitfinex may decide to exchange them for equity/assets
[2016-08-10 14:37:29] j8 : it's an iou
[2016-08-10 14:37:31] Rado : they could have been
[2016-08-10 14:37:38] Rado : right
[2016-08-10 14:39:11] aethlios : they should have a 5 year oeriod to be called from finex, or give you equity after. no interest, no income.
[2016-08-10 14:40:02] Rado : aethlios: that would have been good
[2016-08-10 14:40:17] Rado : but there was nothing like that in their announcement
[2016-08-10 14:40:39] lockhedge : i bet they have special deal to buy these tokens back, they must have a market maker who provides liquidity
[2016-08-10 14:41:53] sleger : j8: are you going to sell yours ?
[2016-08-10 14:42:11] j8 : i dunno, the whole thing is pretty sketchy
[2016-08-10 14:42:30] j8 : but yeah i'd sell them at some price
[2016-08-10 14:43:07] j8 : i'm a bit skeptical that they'll actually get the platform up and keep it up
[2016-08-10 14:43:42] j8 : would like to wash my hands of the whole mess
[2016-08-10 14:45:49] j8 : so first priority is getting the remaining funds out. the other 36%, we'll see
[2016-08-10 14:46:33] sleger : j8: not afraid of losing possibility of legal action if you touch their coin ?
[2016-08-10 14:47:18] aethlios : yes they could buy most tockens to 0.2 from dumpers, and then pay all at 1 usd, use 15 mil. from companies cash to pay all, but finex will be 70% of all, but news will write: finex pays all losses to investors.
[2016-08-10 14:47:52] j8 : i will accept a settlement, at some price, rather than go to court @sleger
[2016-08-10 14:48:28] j8 : but not at ten cents on the dollar
[2016-08-10 14:50:05] sleger : yes, anything less than 0.5 I would hesitate to sell any
[2016-08-10 14:51:39] Rado : aethlios: that's a good idea, but not sure Bitfinex will spend even a dollar to help their customers
[2016-08-10 14:51:57] Rado : they rather lose their business
[2016-08-10 14:52:03] Rado : greed is very strong
[2016-08-10 14:53:44] nip : new risk limit is very low
[2016-08-10 14:54:02] Rado : nip: do you trade more than that?
[2016-08-10 14:54:19] nip : Rado: i trade more than the old risk limit
[2016-08-10 14:54:56] Rado : nip: in one trade or as total position?
[2016-08-10 14:55:40] lockhedge : they published the TOS for their $70m "tokens" 2 hrs before they are opening the market. they give you no possibility to let them check by a lawyer...
[2016-08-10 14:57:21] icepick007 : how do i set up 2fa
[2016-08-10 14:58:08] icepick007 : figured
[2016-08-10 15:17:55] aethlios : finex ticker says bfxusd 0.80 last trade
[2016-08-10 15:19:50] germanjew : yes, and a 24h volume of 1
[2016-08-10 15:22:07] Rado : aethlios: where do you see this?
[2016-08-10 15:22:23] Rado : oh Isee
[2016-08-10 15:22:30] aethlios : Rado: in my finex account, at the top has tha last price for each asset
[2016-08-10 15:22:36] Rado : saw it as well
[2016-08-10 15:22:37] Rado : thanks
[2016-08-10 15:22:48] Rado : it's funny
[2016-08-10 15:23:08] Rado : you can't manipulate people to think it will trade at 0.80
[2016-08-10 15:23:22] aethlios : als bfxbtc says 0.002 which is above 1 usd
[2016-08-10 15:24:41] aethlios : finex btc will be much above hack price 604
[2016-08-10 15:28:21] rapidtrades : this is crazy illegal
[2016-08-10 15:29:35] rapidtrades : im touching their coin unlesss its 80 cents
[2016-08-10 15:29:46] rapidtrades : want to be able to sue the f*ckers
[2016-08-10 15:30:15] rapidtrades : what's my play? im almost completly in usd
[2016-08-10 15:30:33] rapidtrades : bitcoin will spike a platform will crash like always
[2016-08-10 15:30:51] rapidtrades : can't see myself getting out at good value
[2016-08-10 15:32:42] sleger : rapidtrades: withdraw usd immediately or send a buy order 5$ above price
[2016-08-10 15:33:38] rapidtrades : platform will crash man
[2016-08-10 15:33:43] Rado : rapidtrades: I would do the same as well. Buy BTC and withdraw
[2016-08-10 15:33:48] Rado : everyone will be doing this
[2016-08-10 15:33:53] Rado : that's the problem
[2016-08-10 15:34:10] Rado : I have BTC
[2016-08-10 15:34:17] Rado : so for me it's just withdraw
[2016-08-10 15:34:54] lockhedge : 1,000 btc ask order at 604.75 just came in https://tradeblock.com/markets/bfnx/xbt-usd/1m/