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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[2016-08-29 17:49:20] willybot : rapidtrades: +1
[2016-08-29 17:53:27] rapidtrades : god damit
[2016-08-29 17:55:42] willybot : rapidtrades: the wall wont stand
[2016-08-29 17:56:02] rapidtrades : willybot: you shut your whore mouth
[2016-08-29 17:58:29] willybot : rapidtrades: why dont you go 10x long on monero and tell your friends
[2016-08-29 18:02:07] REKT : Liquidated long on `ETC7D`: Sell 40 @ 0.002115
[2016-08-29 18:13:32] REKT : Liquidated long on `XMR7D`: Sell 65 @ 0.014039
[2016-08-29 18:15:28] mjones : Bagholders being made
[2016-08-29 18:22:28] CaptainDean : wall @ 14500
[2016-08-29 18:23:55] CaptainDean : wall is goneeee
[2016-08-29 18:39:33] mjones : Zcash is coming out in 2 months. No one will want xmr then.
[2016-08-29 18:40:52] aethlios : mjones: I am interested in zcash alot but, no ICO, mining from 1st block, maybe have t wait 2 years to buy in a logic price. In start too much hype and no coins....
[2016-08-29 18:42:38] CaptainDean : what the mining's algo ?
[2016-08-29 18:43:01] mjones : 40,000 coins a week go to miners. Price will be a couple dollars. Will be interesting. Bitmex should add it for the lulz
[2016-08-29 18:43:04] aethlios : CaptainDean: it ia a new algo, check their site
[2016-08-29 18:43:11] CaptainDean : copy that
[2016-08-29 18:43:22] cryptobull : Equihash
[2016-08-29 18:43:38] cryptobull : yeah.. bitmex should def add it first. would be awesom
[2016-08-29 18:44:22] mjones : Can rent miners and hope price is high and dump for profi
[2016-08-29 18:45:33] aethlios : dash and monero are 2 year coins, in monero 70% of total supply now at 100 mill. market cap. If zcash has 21 mill coins, then a price more than 4 usd is wxpensive, new coin, fair 2 to 3 usd, but miners will be selling at 50 because so few coins at the beginning
[2016-08-29 18:46:55] aethlios : zcash will have the ltcusd chart, from 50 to 3 in 3 years, as supply adds and hype of new coin goes away.
[2016-08-29 18:47:15] aethlios : so bitmex add a future to short it.
[2016-08-29 18:47:53] cryptobull : 50x lev no expiry
[2016-08-29 18:57:31] BTCDJS : rapidtrades: lol I like be it when you tell people to shut their whore mouth
[2016-08-29 18:57:48] BTCDJS : I like it*
[2016-08-29 18:59:50] CaptainDean : 225 BTC selling @15000
[2016-08-29 19:31:04] mjones : Need a whale that wants xmr. Choochoo
[2016-08-29 19:42:40] CaptainDean : yes we are stuck @ 14999
[2016-08-29 19:45:45] rapidtrades : BTCDJS: :)
[2016-08-29 19:49:37] REKT : Liquidated short on `ETC7D`: Buy 838 @ 0.002214
[2016-08-29 21:23:36] REKT : Liquidated short on `XMR7D`: Buy 25 @ 0.015907
[2016-08-29 22:53:38] CaptainDean : i tnhik we have somekind of wall war for XMR right now
[2016-08-29 22:54:00] CaptainDean : 15150 vs 15000
[2016-08-29 22:55:33] CaptainDean : buy wall gone
[2016-08-30 02:02:44] mjones : not looking good for XMR holders
[2016-08-30 02:04:11] mjones : wonder how many are long or longing on polo recently. when will they bail at a loss or take profit from buying or longing low
[2016-08-30 02:05:46] mjones : insane amount of volume has me thinking supply must have been eaten up. cant be that many large holders trying to dump a ton left
[2016-08-30 02:06:15] mjones : but could be polo 0 fee bots generating volume
[2016-08-30 02:06:53] mjones : i mean 10,000000 XMR volume on 1 exchange in 48 hours. 12,600,000 XMR total
[2016-08-30 02:07:21] mjones : if people are selling the same large amount of coins over and over that is a killer in fees. but must be making profit to make up for it
[2016-08-30 02:08:11] mjones : 26,000,000 XMR volume in 9 days on 1 exchange
[2016-08-30 02:08:57] mjones : i know there is a lot of BTC on that exchange thanks to ETH and ETC. so there shouldn't be a problem going higher
[2016-08-30 02:10:18] aethlios : if bull market in btc starts to 800, xmr will dump to 0.007, it is up to btc now.
[2016-08-30 02:14:35] mjones : there is really no reason to risk holding XMR long term. so there must be a large long and holders ready to dump. who ever is buying here is taking a huge risk. price just pumped 400%
[2016-08-30 02:15:10] aethlios : xmr fib 38.2% is 0.00815 and 23.6% is 0.00565, so correction between those numbers and a new entry poiint
[2016-08-30 02:16:05] mjones : .004 and .007 2 points i'll watch for. depends on how many people try longing the dump and keep getting margin called as price continues to crash
[2016-08-30 02:17:00] aethlios : xmr move started from 0.001625 and reached 0.01875, a 1000% 10 times rally.
[2016-08-30 02:17:01] mjones : i say the big move happens within 5 hours.
[2016-08-30 02:17:13] mjones : yeah i mean last 30 days 400%
[2016-08-30 02:18:41] mjones : i mean like right now you can dump a ton and have 700 BTC. i rather have that then a bunch of XMR
[2016-08-30 02:19:24] mjones : someone wants the opposite so good for them i guess
[2016-08-30 02:20:05] aethlios : but i think is a good hold long term, also expect more exchanges to add it and has a different code from btc, also untraceable future will target black markets, so it is a diversification from btc holding. holding both btc and xmr make your portfolio having a higher sharp ratio as we say in fiat world.
[2016-08-30 02:20:34] mjones : till other anon coins come out and new money goes there instead of XMR and XMR dies
[2016-08-30 02:20:42] mjones : this could have been an exit pump
[2016-08-30 02:20:58] mjones : darknet markets in on it
[2016-08-30 02:21:42] mjones : dump starting now if it can take out those big walls here
[2016-08-30 02:21:57] mjones : anyone got 50k to dump
[2016-08-30 02:22:16] aethlios : for now we have xmr, dash and zcash in the future. also max supply will be 17 mill. now already 13 mill. mined
[2016-08-30 02:23:06] mjones : yeah. can make arguments for both sides. someone sees it as a good accumulation opportunity
[2016-08-30 02:24:20] mjones : if you got 50,000 BTC or a ton of USD to buy more everything then who cares how much you buy and at what price
[2016-08-30 02:24:22] aethlios : mjones: if you had since 0.002 and sold 0.015 and rebuy the same amount of coins in 0.007, then you have the coins for free and also extra btc, that way you don't if ot is a scam.
[2016-08-30 02:25:32] mjones : true. that's always a good goal
[2016-08-30 02:25:43] aethlios : panic will start below 0.013
[2016-08-30 02:58:15] mjones : 0.0135 and 0.013 are the areas with the big walls now.
[2016-08-30 02:59:42] mjones : price has been this high for 40 hours now. long time for people to long and buy. get them to panic dump
[2016-08-30 03:00:25] mjones : once this 0.0138 double bottom breaks
[2016-08-30 03:23:37] REKT : Liquidated long on `FCTXBT`: Sell 489 @ 0.005748
[2016-08-30 03:23:51] REKT : Liquidated long on `FCTXBT`: Sell 2599 @ 0.005256
[2016-08-30 05:32:20] macios15 : bitfinex gona be added to kaiko back?
[2016-08-30 05:50:52] REKT : Liquidated long on `FCTXBT`: Sell 1200 @ 0.005167
[2016-08-30 09:24:09] Airmike : hey guys
[2016-08-30 09:33:03] blackwhite : guys what is happening to btce? why is it so high
[2016-08-30 09:50:51] Airmike : all products on BTCe are always fluctuating around fair price. everything depend on Fees. in past few months BTCe was allways few USD below other markets because of trading fees 0.2% and low liquidity. now it is oposite. they have no fees. so price is jumping around fair price. and traded volume higher than on other US exchanges
[2016-08-30 09:56:10] Airmike : different story is Bitfinex. people on bitfinex wants to get out as soon as possible. they want to change everything to btc and make transfer quick as possible
[2016-08-30 09:56:23] Airmike : Bitfinex is almost dead
[2016-08-30 10:07:20] rapidtrades : Airmike: dead is in how
[2016-08-30 10:18:16] rapidtrades : moonero still holding up
[2016-08-30 10:18:19] rapidtrades : u can't take a good coin down
[2016-08-30 12:26:26] mjones : XMR broke downtrend 3 hours ago. choochoo
[2016-08-30 12:27:45] laisee : XMR ? on positive earnings report for dark markets
[2016-08-30 12:37:11] billyboy402 : Why is etc index rate lower then everywhere polo and box both 0.002120
[2016-08-30 12:37:37] billyboy402 : Polo 2170
[2016-08-30 12:38:10] billyboy402 : Box 2156
[2016-08-30 12:38:32] billyboy402 : index 1930
[2016-08-30 12:49:41] Tetsuo : ETA:ETC=DED<2m
[2016-08-30 13:20:00] blackwhite : rapidtrades: glad to see your positive on an "alt"
[2016-08-30 13:20:25] blackwhite : dunno what it worth thou
[2016-08-30 13:20:38] blackwhite : i mean really. it looks like all unfinished work
[2016-08-30 13:31:49] rapidtrades : it's worth whatever ppl are willing to pay for it...same as everything else
[2016-08-30 13:41:47] rapidtrades : interesting digest from arthur
[2016-08-30 13:55:22] REKT : Liquidated long on `FCTXBT`: Sell 2 @ 0.005463 :punch: :whale:
[2016-08-30 14:31:38] Rado : Singapore C-Bank moves to regulate Bitcoin exchanges
[2016-08-30 14:32:20] Rado : This would mean that both the local exchanges like Quoine, Bitcoin Exchange Singapore and CoinHako, as well as foreign exchanges operating in Singapore, like Coinbase, BitX, etc. will have to apply for a license from MAS.
[2016-08-30 14:40:33] Tetsuo : Bad news for BTC, once again!
[2016-08-30 14:41:12] rapidtrades : Rado: meh...bitfinex had a licence but that didn't stop them from stealing
[2016-08-30 14:41:17] Tetsuo : In the meanwhile our beloved no1 criminal coin will make us rich as we drain BTC empty
[2016-08-30 14:42:41] BitMEX_Sam : I've linked the new Digest in the announcements bullhorn at the top right of the page.
[2016-08-30 15:52:22] REKT : Liquidated long on `XMR7D`: Sell 12 @ 0.014915
[2016-08-30 15:53:07] REKT : Liquidated long on `XMR7D`: Sell 330 @ 0.014787
[2016-08-30 16:27:15] Tetsuo : XMR is dead , long live BTC & ETH!
[2016-08-30 17:46:07] REKT : Liquidated long on `ETC7D`: Sell 57 @ 0.002125
[2016-08-30 17:49:42] CaptainDean : XMR Bull trap ?
[2016-08-30 17:49:55] CaptainDean : interesting time ...
[2016-08-30 18:14:37] Tetsuo : LOL@ETC
[2016-08-30 18:16:34] CaptainDean : quite a drop and rebound
[2016-08-30 18:18:07] REKT : Liquidated short on `ETHXBT`: Buy 30 @ 0.01952
[2016-08-30 18:57:40] Rens : Hi, I'm new here and just deposited 0.1 XBT to play around with. Any tips for a starter?
[2016-08-30 18:57:50] habibi : buy low, sell higher
[2016-08-30 18:58:00] Rens : Haha, well thanks
[2016-08-30 18:58:25] willybot : Rens: leave
[2016-08-30 18:58:49] willybot : Rens: lol just be wary of how the MM works
[2016-08-30 18:59:55] Tetsuo : Rens: All in ETH
[2016-08-30 19:00:30] Tetsuo : Max leverage max profit!
[2016-08-30 19:00:37] REKT : Liquidated short on `ETC7D`: Buy 25 @ 0.002100
[2016-08-30 19:00:52] REKT : Liquidated short on `ETC7D`: Buy 415 @ 0.002112
[2016-08-30 19:05:25] cryptobull : ETC bouncing hard... poor shorts
[2016-08-30 20:01:32] Rens : why doesn't my deposit stay at pending when it already has 5 confirmations?
[2016-08-30 20:01:41] Rens : does*
[2016-08-30 20:12:19] justinlooking : Rens: email support@bitmex.com
[2016-08-30 20:12:53] BitMEX_Greg : Rens: Hi Rens, I'll take a look for you
[2016-08-30 20:22:03] BitMEX_Greg : Rens: Hi Rens, we are on it. Appears we are getting stale data, should have a fix soon
[2016-08-30 20:35:03] Rens : Got it, thanks
[2016-08-30 20:42:35] BitMEX_Greg : Great
[2016-08-30 20:51:26] Tetsuo : Upright citizens lets join together and fight all the criminals, the drugdealers the pedophiles and terrorists, join the fight and let us short the disgrace called Monero to the ground!
[2016-08-30 20:52:40] Tetsuo : Might only gods own chosen coins BTC&ETH walk the path of glory in bright sunlight!
[2016-08-30 20:55:47] Tetsuo : Halleluja my beloved cunts!
[2016-08-30 20:58:33] Tetsuo : fuckin cunts
[2016-08-30 21:11:17] jesperf : Tetsuo: you're drunk, go home
[2016-08-30 21:12:24] jesperf : BitMEX_Greg: stalled deposits have happened before, I thought you fixed it with more sources?
[2016-08-30 21:12:48] Rens : what does it mean when estimated liquidation price is infinity?
[2016-08-30 21:13:01] BitMEX_Sam : jesperf: We have, but we still require manual review to discount an inconsistent source
[2016-08-30 21:13:10] BitMEX_Sam : Rens: It means that your liquidation price will never be reached.
[2016-08-30 21:13:35] jesperf : I've found that the estimated liquidation price is wonky when you're in cross margin mode
[2016-08-30 21:13:35] Rens : so the price will never trigger?
[2016-08-30 21:13:57] BitMEX_Sam : Rens: Right.
[2016-08-30 21:14:32] BitMEX_Sam : jesperf: Yes, it can be - lots of variables when you're in cross mode so it's more of a best-effort.
[2016-08-30 21:15:21] jesperf : but it should sort-of be possible to get a somewhat approximate number if you're not in any position?
[2016-08-30 21:15:31] Rens : So if I would like to buy 1 USD in 1x for a buy, than price should get to 289.35?
[2016-08-30 21:15:39] Rens : This noob doesn't get it
[2016-08-30 21:15:53] BitMEX_Sam : What do you mean by "price should get to"
[2016-08-30 21:16:38] Rens : I dont seem to get what liquidation price means
[2016-08-30 21:16:41] BitMEX_Sam : jesperf: Yes, you should still see a number.
[2016-08-30 21:16:52] BitMEX_Sam : Rens: If the contract ever reaches your liquidation price, you'll lose the position.
[2016-08-30 21:17:03] Rens : ah i see
[2016-08-30 21:17:05] Rens : thanks
[2016-08-30 21:20:41] jesperf : BitMEX_Sam: example: I have no open position, I am in cross margin, no matter what I enter in the quantity field I get the same liquidation price. 0 on buy side and a huge number on the sell side.
[2016-08-30 21:21:01] jesperf : (XBTUSD)
[2016-08-30 21:21:31] BitMEX_Sam : I see what you mean - yes, we'll correct that.
[2016-08-30 21:21:37] BitMEX_Sam : Thanks!
[2016-08-30 21:21:49] jesperf : great!
[2016-08-30 21:39:30] Rens : If I have a ROE % of a green percentage that means I'm in profit if I close it now?
[2016-08-30 21:40:22] BitMEX_Sam : Rens: If you close it at the current mark price, yes. The book may not be right at mark, so be aware of that.
[2016-08-30 21:40:41] BitMEX_Sam : Please see https://www.bitmex.com/app/fairPriceMarking - this is a big part of what makes high leverage here possible without risk of market manipulation
[2016-08-30 21:41:00] BitMEX_Sam : In short, we margin positions based on the index price, not the last price. So all unrealised profit you see is also based on the index, not last.
[2016-08-30 21:41:28] Rens : cool thnx
[2016-08-30 21:53:14] CaptainDean : Rens: The book is often lower (buy) or higher (sell) of the Mark price beware if you sell at market price
[2016-08-30 22:02:11] jesperf : ugh, bitcoin blocks are always slow when you're waiting for them.. and somehow there are always like two or three blocks within a few minutes right before my transaction :P
[2016-08-30 22:04:48] jesperf : seems like blockchain.info also was out of sync for a while
[2016-08-30 23:59:14] laisee : try http://blockr.io for more accurate data on blocks
[2016-08-31 02:02:07] REKT : Liquidated long on `XMR7D`: Sell 10 @ 0.013745
[2016-08-31 02:02:07] REKT : Liquidated long on `XMR7D`: Sell 1932 @ 0.013763
[2016-08-31 02:44:41] ParkerPerk : Where can I buy Bitcoin by sending USD with Western Union?
[2016-08-31 03:11:00] BitMEX_Wally : ParkerPerk: localbitcoins.com
[2016-08-31 03:33:41] mjones : tonight may be the night we see how low XMR will go thanks to those longing the coin
[2016-08-31 03:35:28] rapidtrades : hey jones, screw you how about that?
[2016-08-31 03:36:09] mjones : i love me a good flash crash. 100% down. 100% up. money money money
[2016-08-31 03:41:54] rapidtrades : how can it do down 100%...that would be 0 stupid
[2016-08-31 03:42:51] rapidtrades : interesting how we've not getting any DPE with these volatile moves on XMR....guess it shows that leverage is the problem not vol
[2016-08-31 03:44:37] BitMEX_Wally : DPE is normally a result of the volatility being greater than the leverage
[2016-08-31 03:46:02] BitMEX_Wally : (i.e. the maintenance margin is not enough to close out positions quick enough before the market moves away)
[2016-08-31 03:46:23] BitMEX_Wally : If we put XMR7D down to 0.50% maintenance margin like XBTUSD I'm sure we'd see DPE :)
[2016-08-31 03:47:21] rapidtrades : try it
[2016-08-31 03:47:43] rapidtrades : call it a 'social experiment'
[2016-08-31 03:58:35] BitMEX_Wally : Haha
[2016-08-31 03:59:51] BitMEX_Wally : Haha, like taking the safety labels off everything?
[2016-08-31 03:59:59] BitMEX_Wally : http://www.bash.org/?4753
[2016-08-31 04:17:21] REKT : Liquidated long on `XMR7D`: Sell 35 @ 0.013257
[2016-08-31 04:21:02] REKT : Liquidated long on `XMR7D`: Sell 10 @ 0.013187
[2016-08-31 04:22:06] REKT : Liquidated long on `XMR7D`: Sell 250 @ 0.013074
[2016-08-31 05:08:51] REKT : Liquidated short on `XMR7D`: Buy 3600 @ 0.013761
[2016-08-31 06:21:21] jesperf : thanks for early withdrawal! I'm going away for a while so I'm putting my stuff in my own cold storage even if I trust you guys pretty much :)
[2016-08-31 06:32:27] BitMEX_Wally : jesperf: No problem, we process large (> 50 XBT) withdrawals on request, subject to us being online to sign.
[2016-08-31 07:24:26] CaptainDean : BitMEX_Wally: WoW Thank you for this feature => Change to Session Timeouts
[2016-08-31 07:51:51] BitMEX_Wally : :)
[2016-08-31 09:46:05] Boontjie : Any one here know why the BFX tokens are appreciating?
[2016-08-31 10:26:37] Chimpindeed : Bots trading against flow
[2016-08-31 10:30:35] santacruz : BitMEX_Wally: https://cryptowat.ch/poloniex/dashbtc/1d
[2016-08-31 10:30:44] santacruz : Do you plan to add this?
[2016-08-31 10:30:56] zanza : Finex enabled margin trading on tokens
[2016-08-31 10:40:11] rapidtrades : greaaaat
[2016-08-31 11:28:51] REKT : Liquidated short on `FCTXBT`: Buy 1 @ 0.005990 :punch: :whale:
[2016-08-31 11:32:05] Boontjie : zanza: For reals?
[2016-08-31 11:32:17] Boontjie : Now we can speculate on debt
[2016-08-31 11:33:35] asdfman : as if thats anything new
[2016-08-31 11:34:11] asdfman : dollar is debt money.
[2016-08-31 11:34:17] asdfman : all fiat is
[2016-08-31 11:34:20] Boontjie : Sure, but its not really debt, its stolen money
[2016-08-31 11:34:27] asdfman : lol
[2016-08-31 11:34:35] Boontjie : Its their promise, they are creating more stolen money
[2016-08-31 11:34:40] asdfman : the dollar :P
[2016-08-31 11:34:47] asdfman : if the tokens
[2016-08-31 11:34:51] asdfman : or*
[2016-08-31 11:35:19] Boontjie : I need to put in some rock bottom bids. A liquidation cascade is tingling
[2016-08-31 12:04:08] aethlios : bfx coin jumped, any news for finex??
[2016-08-31 12:04:34] arbitrage001 : margin trading enable for the token
[2016-08-31 12:04:41] arbitrage001 : can also lend out the coin
[2016-08-31 12:04:57] arbitrage001 : sold some to reduce my risk
[2016-08-31 12:36:14] huangyong : arbitrage001: 天天都能看到你在线
[2016-08-31 13:43:29] mjones : bfx token short squeeze. noobs were shorting it
[2016-08-31 14:01:44] laisee : betting against the house?
[2016-08-31 14:10:22] REKT : Liquidated short on `XMR7D`: Buy 251 @ 0.014404
[2016-08-31 14:16:22] REKT : Liquidated short on `XMR7D`: Buy 35 @ 0.014682
[2016-08-31 14:20:37] REKT : Liquidated short on `ETHXBT`: Buy 40 @ 0.02013
[2016-08-31 14:39:07] REKT : Liquidated short on `XMR7D`: Buy 1000 @ 0.015219
[2016-08-31 14:55:26] CaptainDean : BitMEX_Wally: When I try to scroll down the history of trade for the MXR, my Chrome crashes (might need a reboot i guess) onwindows
[2016-08-31 14:57:01] habibi : BitMEX_Sam: i got recently from time to time some response issues, like trying to do order and comfirmation comes after 4-5 seconds or its not executing as well, dont know if its problem on my end tho
[2016-08-31 15:04:27] BitMEX_Sam : habibi: Orders & executions are always very quick on our end, could be latency on your connection. I'll check the logs for your account to be sure.
[2016-08-31 15:11:35] habibi : BitMEX_Sam: thanks, appreciate it
[2016-08-31 15:13:32] BitMEX_Sam : habibi: I actually do see a few slow responses caused by some heavy traffic. I'm speaking with Wally right now about how we can optimize that.
[2016-08-31 15:13:37] sleger : any progress on funding issue for less liquid instruments ?
[2016-08-31 15:14:19] habibi : BitMEX_Sam: great, i was about to start thinking about changing my isp
[2016-08-31 15:15:12] BitMEX_Sam : sleger: We're simulating increased tolerance from 0.05% before the PI kicks in. We'll announce with significant notice before any change is applied.
[2016-08-31 15:17:03] sleger : from 0.05% ? to how much ? not sure I understand
[2016-08-31 15:18:30] sleger : 1% of eth price is 0.0002 so 0.05% is almost nothing
[2016-08-31 15:19:55] sleger : ok found the 0.05% in the specs : Funding Rate (F) = Premium (P) + clamp(Interest Rate - Premium, 0.05%, -0.05%)
[2016-08-31 15:25:08] BitMEX_Sam : Right. It's 0.05% as in a rate of 0.05%. On less liquid instruments we are considering an adjustment to that tolerance, possibly volume-weighted
[2016-08-31 15:25:35] sleger : One of the problem is that the spread is wide on those pairs, and taking the weighted mid is not precise enough
[2016-08-31 15:26:03] sleger : maybe if rate/PI is >0 you should consider weighted bid, and if <0, weighted ask
[2016-08-31 15:26:41] sleger : this way to manipulate the funding one has to really take some risk, not just skew a bit his quote
[2016-08-31 15:34:28] BitMEX_Sam : That's a good suggestion. Thanks
[2016-08-31 15:42:37] REKT : Liquidated long on `ETHXBT`: Sell 310 @ 0.01994
[2016-08-31 16:14:14] bigphil : just signed on--haven't looked too much through the site, but do you have charts with BTC that have technical indicators?
[2016-08-31 16:16:21] willybot : check your shit bitmex. I executed a market order yesterday while it froze and the books adjusted. Somehow by the grace of god I could cancel it without %12 slippage
[2016-08-31 16:19:53] sleger : willybot: how do you know it wasnt your internet connection that screwed up ?
[2016-08-31 16:24:44] willybot : sleger: short answer: not a noob
[2016-08-31 16:27:29] sleger : i'm far from convinced
[2016-08-31 16:29:09] BitMEX_Wally : Market orders have a timeInForce of ImmediateOrCancel so it is not possible to cancel them
[2016-08-31 16:29:38] BitMEX_Wally : willybot: Please email support@bitmex.com with the details
[2016-08-31 16:33:07] willybot : BitMEX_Wally: thats what concerns me. Not executing was beneficial to me but odd.
[2016-08-31 16:34:55] willybot : BitMEX_Wally: it says "rejected" on order history but I manually cancelled it in active orders.
[2016-08-31 16:41:37] REKT : Liquidated short on `ETC7D`: Buy 35 @ 0.002205
[2016-08-31 16:43:34] sleger : short answer: you're a noob ?
[2016-08-31 16:51:29] willybot : sleger: stick to your day job
[2016-08-31 16:52:18] sleger : willybot: I'm a teacher, and the great news is I found this for you, it might help a lot : https://en.wikipedia.org/wiki/Order_(exchange)
[2016-08-31 16:53:29] CaptainDean : Anyone else scrolling down the Recents trade make his Chrome page to crash ?
[2016-08-31 16:53:58] CaptainDean : BitMEX_Wally:scrolling down the Recents trade make with Chrome is not crashing it on your side ?
[2016-08-31 16:54:24] CaptainDean : ignore make from the sentence, I reformulate and forget to remove it
[2016-08-31 17:06:04] BitMEX_Sam : bigphil: You can add indicators on the chart
[2016-08-31 17:06:14] BitMEX_Sam : If you've ever used TradingView it will be very familiar to you.
[2016-08-31 17:08:49] BitMEX_Sam : willybot: You placed a Limit, not a Market order
[2016-08-31 17:17:30] willybot : BitMEX_Sam: no. it was a market order and says rejected but I cancelled it
[2016-08-31 17:17:49] BitMEX_Sam : Yes, I see that as well. It was immediately canceled, most likely you just hit "Clear" and thought you were canceling it.
[2016-08-31 17:18:23] BitMEX_Sam : Orders remain in the Active Orders list for 30 seconds after they execute or reject.
[2016-08-31 17:29:23] willybot : BitMEX_Sam: ok Im not a retard. I cancelled a market order. Ill run live screens on mex from now on
[2016-08-31 17:31:55] BitMEX_Sam : willybot: You did not. There is no cancel request for that order ID in our logs. It was rejected and immediately closed.
[2016-08-31 17:40:05] sleger : willybot: " I cancelled a market order." Did you not check my wikipedia link ? You would understand it is not possible
[2016-08-31 18:06:59] zanza : rofl
[2016-08-31 18:12:40] habibi : BitMEX_Sam: "message": "Something went wrong. Please wait 30 seconds and try again.", "context": null, "error": "internal_server_error"} sb got a problem like that while logging into bitmex right now
[2016-08-31 18:13:23] BitMEX_Sam : That doesn't read like one of our messages.
[2016-08-31 18:14:07] willybot : no we just make this shit up for the lols
[2016-08-31 18:15:45] BitMEX_Sam : More often than not, an intermediate tool has an error and it looks like it's coming from us.
[2016-08-31 18:15:48] BitMEX_Sam : We see it all the time.
[2016-08-31 18:15:59] BitMEX_Sam : habibi: What tool is generating that?
[2016-08-31 18:17:06] habibi : BitMEX_Sam: http://imgur.com/a/YuPli
[2016-08-31 18:17:54] BitMEX_Sam : That's interesting. Looks like it's been generated by the captcha.
[2016-08-31 18:18:12] BitMEX_Sam : We're having issues with recaptcha in some countries, especially China. I plan to replace it with a new self-hosted implementation.
[2016-08-31 18:19:15] yerb : BitMEX_Sam: please come to whalepool TS there is the customer who is having problem
[2016-08-31 18:26:18] I-am-Legend : hi sam
[2016-08-31 18:26:54] I-am-Legend : sorry about that i just got really scared as im in 4 positions
[2016-08-31 18:27:13] BitMEX_Sam : I-am-Legend: Understood - sent you an email back.
[2016-08-31 18:27:43] I-am-Legend : sorry for losing it, just a big deal cause could not get online & informing you Google Auth vanished from my phone
[2016-08-31 18:28:04] BitMEX_Sam : Understood, as I mentioned we don't control Google Auth, nor do you use it to log in, so I am not sure of the relevance
[2016-08-31 18:28:06] I-am-Legend : never said had anything to do with you sorry if thats how it came across ..
[2016-08-31 18:28:23] I-am-Legend : i could not log in with clef
[2016-08-31 18:28:29] I-am-Legend : so i want to log in with password
[2016-08-31 18:28:37] I-am-Legend : need google auth after password
[2016-08-31 18:28:45] BitMEX_Sam : Once you enable Clef, other 2FA forms are disabled.
[2016-08-31 18:28:52] BitMEX_Sam : Only one can be active at a time.
[2016-08-31 18:29:04] I-am-Legend : ohhh that must be why sorry didnt know that
[2016-08-31 18:29:16] BitMEX_Sam : :)
[2016-08-31 18:29:21] I-am-Legend : so if i want to log in without clef how do i if they are down ?
[2016-08-31 18:29:31] I-am-Legend : can i log in just with password
[2016-08-31 18:29:47] I-am-Legend : i guess not
[2016-08-31 18:30:00] I-am-Legend : as that would not be safe
[2016-08-31 18:30:11] I-am-Legend : so if clef goes down i have a big problem
[2016-08-31 18:31:14] BitMEX_Sam : Yes, this is a disadvantage of Clef. They have a fairly robust uptime SLA but in the event of a major downtime we have to handle logins case-by-case.
[2016-08-31 18:31:52] BitMEX_Sam : I do see indication of an outage on their site. https://status.getclef.com/
[2016-08-31 18:31:53] I-am-Legend : so if it does go down what do i do .. if it happens again
[2016-08-31 18:32:20] BitMEX_Sam : Email us ASAP. When we verify the downtime, we'll disable the login & revert to email/password.
[2016-08-31 18:32:22] I-am-Legend : i guess google auth will be more reliable
[2016-08-31 18:32:44] I-am-Legend : with 2fa using google right
[2016-08-31 18:33:33] I-am-Legend : if someone got access to my email they could email you ? so im just guessing it would be with 2fa of google to get back on?
[2016-08-31 18:34:33] BitMEX_Sam : Google authenticator is more reliable because it doesn't require an external server, yes.
[2016-08-31 18:34:46] BitMEX_Sam : In the case of someone getting access to your email, we would have to verify a Clef outage first.
[2016-08-31 18:34:55] BitMEX_Sam : In any case I recommend using 2FA for your email as well.
[2016-08-31 18:36:22] I-am-Legend : yeah i have 2fa on my email
[2016-08-31 18:36:46] I-am-Legend : but is there anyway to protect yourself in that situation
[2016-08-31 18:36:57] I-am-Legend : if someone had access to you email
[2016-08-31 18:38:01] I-am-Legend : also if i want to go back to google 2fa how do i do it ?
[2016-08-31 18:38:14] BitMEX_Sam : If they had access to your email, they could probably reach a backup of your phone and/or reset Clef, so yes, it's tricky
[2016-08-31 18:38:18] I-am-Legend : good thing about clef is fast log in
[2016-08-31 18:38:51] BitMEX_Sam : If you want to go back to GA you'll have to email us to remove Clef.
[2016-08-31 18:39:10] I-am-Legend : but not they could not do that with google 2fa right ?
[2016-08-31 18:39:47] I-am-Legend : as far as i know cant do that with google
[2016-08-31 18:40:00] I-am-Legend : to reset it
[2016-08-31 18:40:53] BitMEX_Sam : Depends, I believe that if you back up your Android phone, the GA credentials will be backed up as well
[2016-08-31 18:41:23] BitMEX_Sam : So technically someone with access to your email account may be able to access those credentials.
[2016-08-31 18:41:36] BitMEX_Sam : But no, a remote reset is not possible - GA is just a TOTP, no servers, just math
[2016-08-31 18:41:54] BitMEX_Sam : In practice I've found Clef to be extremely reliable, this is the first outage I've seen from them.
[2016-08-31 18:44:09] I-am-Legend : it happened a couple weeks ago
[2016-08-31 18:44:31] I-am-Legend : was down for a lot longer but i like it can get on very fast
[2016-08-31 18:46:10] I-am-Legend : thanks again for your help sam sorry for being a dick just stress of being in positions lot of money on the line just lost it lol
[2016-08-31 18:46:24] I-am-Legend : got 4 positions open
[2016-08-31 18:46:47] BitMEX_Sam : No problem. Best of luck
[2016-08-31 18:47:43] I-am-Legend : sam just seen ur mail i got the miss understanding now
[2016-08-31 18:47:53] I-am-Legend : i didnt mean entire app is gone
[2016-08-31 18:48:08] I-am-Legend : i was meaning the bitmex feed is not on it
[2016-08-31 18:48:32] I-am-Legend : so no code i can see why i sounded the way you thought i did now lol
[2016-08-31 18:50:42] I-am-Legend : i gonna reboot everything super slow typing & mouse have lag
[2016-08-31 20:58:07] REKT : Liquidated long on `ETC7D`: Sell 400 @ 0.002061
[2016-08-31 21:36:22] I-am-Legend : REKT
[2016-08-31 21:43:38] justinlooking : is life
[2016-08-31 21:45:40] I-am-Legend : haha not really like
[2016-08-31 23:38:52] REKT : Liquidated short on `ETHXBT`: Buy 2546 @ 0.02030
[2016-09-01 01:09:57] capoeira : instruments are hard to understand, even for someone used to trading. I almost got it by now, but I have one last doubt: If I have 1 BTC on my acount (BTC is $500 worth in this example), and than short $500 on XBTUSD, I actualy shouldn't have a liquidations price, no? my acount will always be worth $500 (ignoring interest here)
[2016-09-01 01:23:32] BitMEX_Arthur : Correct, but we don't display infinity as a liquidation price
[2016-09-01 01:24:45] capoeira : BitMEX_Arthur: I see. I just wanted to be sure I understood the contract. thanks
[2016-09-01 02:00:52] REKT : Liquidated short on `ETHXBT`: Buy 827 @ 0.02046
[2016-09-01 02:07:53] REKT : Liquidated short on `ETHXBT`: Buy 1 @ 0.02056 :punch: :whale:
[2016-09-01 02:10:37] REKT : Liquidated short on `ETHXBT`: Buy 122 @ 0.02062
[2016-09-01 02:12:37] REKT : Liquidated short on `ETHXBT`: Buy 100 @ 0.02088
[2016-09-01 04:03:57] willybot : it turns out bitmex are a legitimate site and are unlikely to scam
[2016-09-01 04:17:07] REKT : Liquidated short on `ETHXBT`: Buy 4500 @ 0.02129
[2016-09-01 04:20:37] REKT : Liquidated long on `XBTUSD`: Sell 100 @ 573.02
[2016-09-01 04:23:46] mbaril : Ready for more REKT :P
[2016-09-01 04:24:55] capoeira : guys are shorting ETH....pretty much self reking
[2016-09-01 04:27:10] dlrow olleh : I was looking at the eth chart two days ago, and called the bottom but didnt make a trade, looked at the chart today and saw it at 11, still didnt make any trades, finally making a trade, hope this isnt the top.
[2016-09-01 04:31:28] mbaril : Rekt inccoming
[2016-09-01 04:34:25] capoeira : I got the bottom 2 times since BFX doom. ETH is nice to trade atm. natural waves (for a crypto)
[2016-09-01 04:34:47] REKT : Liquidated long on `XBTUSD`: Sell 7651 @ 572.65
[2016-09-01 04:35:43] capoeira : why so many liqidations? nobody uses stops? lol
[2016-09-01 04:35:48] mbaril : :p
[2016-09-01 04:35:59] mbaril : stop are not always good. they trigger at wrong time
[2016-09-01 04:36:50] capoeira : no. they are easy to use at higher timeframes.
[2016-09-01 04:37:22] capoeira : for lower timeframes crypto spreads are too high anyways
[2016-09-01 04:37:35] capoeira : spreads/fees
[2016-09-01 04:37:41] mbaril : capoeira: what do you think will be btc bottom :P
[2016-09-01 04:40:16] capoeira : I don't call bottoms before they form. but 560 support will be atacked again. and if it breaks (what it will probably do) we see new lows
[2016-09-01 05:52:07] REKT : Liquidated short on `ETC7D`: Buy 3933 @ 0.002165
[2016-09-01 06:13:17] REKT : Liquidated long on `XBTUSD`: Sell 900 @ 572.18
[2016-09-01 07:51:01] REKT : Liquidated long on `XBTUSD`: Sell 360 @ 571.49
[2016-09-01 07:55:38] REKT : Liquidated long on `XBTUSD`: Sell 12139 @ 570.21
[2016-09-01 07:55:38] REKT : Liquidated long on `XBTUSD`: Sell 4269 @ 570.05
[2016-09-01 07:55:38] REKT : Liquidated long on `XBTUSD`: Sell 200 @ 570.01
[2016-09-01 08:01:06] horipse : I wonder if this is a bot?
[2016-09-01 08:02:48] horipse : ada310d23awd
[2016-09-01 08:02:57] REKT : Liquidated long on `XBTUSD`: Sell 1844 @ 569.21
[2016-09-01 08:06:28] BitMEX_Wally : REKT is a bot that listens to our public liquidation API and posts it to the chat
[2016-09-01 08:07:29] Boontjie : Can I have it :)
[2016-09-01 08:07:53] REKT : Liquidated short on `ETHXBT`: Buy 293 @ 0.02189
[2016-09-01 08:08:21] Boontjie : I want to post it to a window while I work, sadistic I know, but hey
[2016-09-01 08:09:56] BitMEX_Wally : You can subscribe to the API yourself: `wscat -c "wss://www.bitmex.com/realtime/websocket?subscribe=liquidation"`
[2016-09-01 08:10:36] Boontjie : Sure but then I would have to spend time writing the python code
[2016-09-01 08:19:22] REKT : Liquidated long on `XMR7D`: Sell 120 @ 0.014294
[2016-09-01 08:19:22] REKT : Liquidated long on `XMR7D`: Sell 11 @ 0.014098
[2016-09-01 08:19:22] REKT : Liquidated long on `XMR7D`: Sell 1250 @ 0.014224
[2016-09-01 08:19:22] REKT : Liquidated long on `XMR7D`: Sell 187 @ 0.014036
[2016-09-01 08:47:47] ett1 : what does 'cross' leverage mean?
[2016-09-01 08:48:32] BitMEX_Arthur : It means your whole account balance is used as margin against a position
[2016-09-01 08:48:53] BitMEX_Arthur : https://www.bitmex.com/app/isolatedMargin
[2016-09-01 08:48:59] BitMEX_Arthur : Read that for more details
[2016-09-01 08:49:41] ett1 : thanks
[2016-09-01 09:31:22] REKT : Liquidated long on `ETHXBT`: Sell 60 @ 0.02175
[2016-09-01 09:32:46] zanza : hey capoeira are you the one who runs the bitcointalk forex thread ?
[2016-09-01 09:36:35] Pilot : Ello ello
[2016-09-01 10:01:34] horipse : how long did you do this online chat
[2016-09-01 10:01:54] horipse : i mean how long this chatter box take for development
[2016-09-01 10:15:21] BitMEX_Wally : horipse: I'll have to ask our CTO BitMEX_Sam when he comes online
[2016-09-01 10:17:04] horipse : Thank you very much.
[2016-09-01 10:23:04] Boontjie : Just curious, is the whole site running on python?
[2016-09-01 11:25:25] BitMEX_Wally : Boontjie: the site is built using node.js and KDB+
[2016-09-01 12:16:54] capoeira : zanza: yes
[2016-09-01 12:44:00] zanza : i tried 1broker and MyFxChoice because that thread
[2016-09-01 12:51:10] lockhedge : wow
[2016-09-01 12:51:12] lockhedge : Redemption of 1.1812% of BFX Tokens
[2016-09-01 12:51:17] lockhedge : https://www.bitfinex.com/posts
[2016-09-01 13:08:35] capoeira : zanza: FxChoice is a reliable broker. now you can trade Forex on crypto based acount on FxOpen, too...even bigger broker
[2016-09-01 13:09:10] zanza : how new is the fxopen thing?
[2016-09-01 13:10:24] zanza : will have to look into it
[2016-09-01 13:16:34] zanza : its nice to have a big name company, since they have more reputation
[2016-09-01 13:17:05] zanza : I think fxopen used to convert Bitcoin to fiat for trading before
[2016-09-01 13:17:37] REKT : Liquidated short on `ETC7D`: Buy 5 @ 0.002255
[2016-09-01 13:17:52] REKT : Liquidated short on `ETC7D`: Buy 5000 @ 0.002266
[2016-09-01 13:23:07] REKT : Liquidated long on `ETHXBT`: Sell 676 @ 0.02114
[2016-09-01 13:24:51] capoeira : zanza: some weeks. they were the first big broker working with BTC, but never had a crypto-based forex account. forex and crypto was seperated. actualy it was FxOpen who started all this as they gave BTC-E the MT4 infrastructure
[2016-09-01 13:26:16] capoeira : zanza: BTC-2-fiat conversion rate has huge spread on FxOpen (and others). never was an option
[2016-09-01 13:27:11] capoeira : only broker where this is a real option is TradersWay
[2016-09-01 13:27:46] zanza : thats probably what I wa thinking of, but they had questionable conversion rates and people were worried
[2016-09-01 13:28:54] capoeira : last time I cheked the rate had a spread of something like 5%. a lot cheaper to use skrill and co
[2016-09-01 13:29:22] REKT : Liquidated short on `ETC7D`: Buy 23 @ 0.002330
[2016-09-01 13:29:50] zanza : trying to find if FXOpen has Yuan CNH or CNY
[2016-09-01 13:29:54] zanza : gunna open a demo
[2016-09-01 13:30:37] REKT : Liquidated short on `ETC7D`: Buy 10 @ 0.002338
[2016-09-01 13:31:32] REKT : Liquidated short on `ETC7D`: Buy 2900 @ 0.002348
[2016-09-01 13:31:32] REKT : Liquidated short on `ETC7D`: Buy 1000 @ 0.002348
[2016-09-01 13:38:05] zanza : wow it does have CNH
[2016-09-01 13:38:17] zanza : CNH offshore Yuan on fxopen
[2016-09-01 13:43:53] zanza : swap rate seems higher on FXOpen compared to FXchoice
[2016-09-01 13:44:37] REKT : Liquidated long on `XMR7D`: Sell 33 @ 0.013813
[2016-09-01 13:46:17] REKT : Liquidated long on `XMR7D`: Sell 90 @ 0.013670
[2016-09-01 13:46:17] REKT : Liquidated long on `XMR7D`: Sell 1295 @ 0.013640
[2016-09-01 13:49:07] REKT : Liquidated long on `XMR7D`: Sell 17 @ 0.013414
[2016-09-01 13:49:07] REKT : Liquidated long on `XMR7D`: Sell 209 @ 0.013422
[2016-09-01 13:49:07] REKT : Liquidated long on `XMR7D`: Sell 25 @ 0.013451
[2016-09-01 13:58:20] blackwhite : did you try simplefx guys?
[2016-09-01 14:02:19] capoeira : zanza: yea. gotta check swap rates, too..true...never pay too much atantion as I almost never hold forex positions longer than a few hours
[2016-09-01 14:03:13] zanza : fxopen and fxchoice seem to be ballpark similar swaps. Simplefx is a lot higher
[2016-09-01 14:03:15] capoeira : blackwhite: simple is a forex noob, but made by Bitcoiners
[2016-09-01 14:03:46] zanza : I think with the new fxopen changes, seems like the better choice
[2016-09-01 14:03:52] REKT : Liquidated short on `ETC7D`: Buy 50 @ 0.002490
[2016-09-01 14:04:05] capoeira : zanza: I agree
[2016-09-01 14:04:13] zanza : Simplefx may even justs use Fxopen themselves (although I am not sure!)
[2016-09-01 14:04:19] capoeira : better forex spreads also
[2016-09-01 14:05:05] zanza : I didn't check the FXOpen fully yet, they may require full ID verification for mBtc accounts, some people don't want that so Simplefx may be better choice if you dno't want to reveal your name
[2016-09-01 14:05:13] capoeira : Fxopen has the only good spread on EURUSD
[2016-09-01 14:05:55] zanza : wow, that spread is crazy!
[2016-09-01 14:06:18] capoeira : zanza: sure. on a big broker you have to identify. simplefx and tradersway are the alternatives for anonym guys. (or even 1broker)
[2016-09-01 14:07:03] capoeira : zanza: beware they have comission
[2016-09-01 14:07:13] capoeira : still the best spread after comission
[2016-09-01 14:07:24] zanza : yeah im using a demo now, will try it for a bit
[2016-09-01 14:07:32] capoeira : do that
[2016-09-01 14:22:33] blackwhite : what are the latest fxopen changes?
[2016-09-01 14:37:12] zanza : they accept BTC accounts now
[2016-09-01 14:50:36] blackwhite : with ID?
[2016-09-01 14:56:32] aethlios : http://www.zerohedge.com/news/2016-08-31/deutsche-bank-refuses-delivery-physical-gold-upon-demand
[2016-09-01 14:56:37] REKT : Liquidated short on `XMR7D`: Buy 100 @ 0.014213
[2016-09-01 15:07:32] Thedude : Support around?
[2016-09-01 15:10:04] BitMEX_Wally : Thedude: Hello
[2016-09-01 15:10:36] Thedude : BitMEX_Wally: Hi Wally, I was wondering if there is any news to share regarding talks about changes to funding rates on alts?
[2016-09-01 15:12:42] BitMEX_Wally : The current plan is to increase the tolerance from 0.05% to 0.25% or some function of volatility/maintenance margin. There will be an announcement in advance of any changes
[2016-09-01 15:13:58] BitMEX_Wally : Also sleger had a good suggestion, so we are still testing and simulating
[2016-09-01 15:14:50] Thedude : BitMEX_Wally: So that would effecitvly mean the spikes in funding rate get decreased right?
[2016-09-01 15:16:29] BitMEX_Wally : Yes
[2016-09-01 15:17:27] Thedude : BitMEX_Wally: Thats great to hear hope the changes go live soon, will make funding more predictable!
[2016-09-01 15:29:12] lockhedge : BitMEX_Wally: is the 0.25% tolerance already live on testnet?
[2016-09-01 15:30:32] BitMEX_Wally : No, we're still testing
[2016-09-01 15:30:34] BitMEX_Wally : Internally
[2016-09-01 15:35:40] Thedude : BitMEX_Wally: The interest rate is just the highest rate - the lowest rate right? So ussually on alts its btc rate - alt lending rate so when positive traders who are long pay shorts and when negative shorts pay longs
[2016-09-01 15:36:42] BitMEX_Wally : The interest rate for ETHXBT is the XBT borrow rate minus the ETH borrow rate
[2016-09-01 15:37:12] Thedude : BitMEX_Wally: Yeah thats what I meant
[2016-09-01 15:37:56] BitMEX_Wally : Yes. You can see the calculation of the funding rate from the interest rate and premium rate here: https://www.bitmex.com/app/contract/ETHXBT
[2016-09-01 15:43:57] Thedude : BitMEX_Wally: I was thinking maybe sometime in the future it would be nice to have the ability to secure a funding rate for a set nr of days at a slight premium. Say for example current funding is 0.107% per 8 hours a trader could opt in to secure that fudning rate + a premium (based on nr of days funding is secured aka the longer the higher the premium) so one could secure a stable funding rate at a slight premium similairy to how one can often secure funding when margin trading on exchanges
[2016-09-01 15:51:06] aethlios : Thedude: this idea is good, they could create a funding market for each coin, so people could enter a funding rate swap, and have at the same time an open position to the instrument. at every funding time each part is paid or pay the difference from the fixed rate to the variable rate.
[2016-09-01 15:54:36] Thedude : aethlios: Funding market could be good, would be great if people could receive interest over deposited funds without entering an actual position aswell. I can imagine many pepole preffering to have unused margin active on some sort of funding swap to receive interest over their funds.
[2016-09-01 15:56:51] BitMEX_Greg : Thedude: It's a good idea but we reference the underlying margin markets.
[2016-09-01 15:56:59] aethlios : Thedude: this as you image in can't happen, because all customers have only btc here, to go long btcusd you need to borrow usd, but noone has usd.
[2016-09-01 15:57:17] REKT : Liquidated short on `XMR7D`: Buy 849 @ 0.014450
[2016-09-01 15:57:32] BitMEX_Greg : That is, we take snapshots of the interest rate borrow market
[2016-09-01 15:57:44] BitMEX_Greg : so we can't guarantee locked rates
[2016-09-01 15:58:57] Thedude : BitMEX_Greg: Hmm
[2016-09-01 16:00:05] Thedude : BitMEX_Greg: I was wondering what happens if more funding is charged then is supposed to be received?
[2016-09-01 16:02:55] BitMEX_Greg : Thedude: We can't have that on our system as it is zero sum
[2016-09-01 16:03:03] BitMEX_Greg : for every $1 that is paid, $1 is received
[2016-09-01 16:05:43] Thedude : Oh wait so the side that pays, that ammount is taken and then redistributed over the opposing side. So say with a 0.1% rate 10 XBT is charged in fudning that 10 XBT is then redistributed over the opposing side? Not the receiving side gets 0.1% of their own position
[2016-09-01 16:08:33] BitMEX_Wally : Longs pay 0.1% and shorts receive 0.1%
[2016-09-01 16:08:56] BitMEX_Wally : It's the same amount because at all times longs = shorts
[2016-09-01 16:10:16] BitMEX_Wally : 0.1% of the current value of the position marked to the index price
[2016-09-01 16:10:28] Thedude : BitMEX_Wally: Oh ofcourse, every contract is sold and bought at the same time so the whole book is always in equibalerium
[2016-09-01 16:16:18] Thedude : BitMEX_Greg: @BitMEX_Wally Now that I have your attention anyway I was wondering the MM bots are they run by Bitmex or by independent traders?
[2016-09-01 16:16:54] BitMEX_Wally : BitMEX does not run market making bots
[2016-09-01 16:17:06] BitMEX_Wally : We provide a sample market making bot as an example of how to use the API
[2016-09-01 16:18:41] Thedude : Ok so they are from private traders
[2016-09-01 16:18:46] willybot : BitMEX_Wally: you guys are so shady about that subject. Its crypto and its grey but dont be shy just give us the full story
[2016-09-01 16:19:33] BitMEX_Greg : willybot: We are giving you a clear answer that we do not run any MM Bots. We have several large market makers on our platform and 1 dedicated one
[2016-09-01 16:19:35] BitMEX_Wally : Thedude: Yes, private traders and institutions
[2016-09-01 16:20:23] willybot : BitMEX_Wally: what is the relationship with these private traders and institutions?
[2016-09-01 16:21:02] BitMEX_Wally : Same as every other user
[2016-09-01 16:21:09] BitMEX_Wally : They pay taker fees and earn maker fees
[2016-09-01 16:21:28] willybot : BitMEX_Wally: lol
[2016-09-01 16:21:34] BitMEX_Wally : They even get liquidated sometimes
[2016-09-01 16:22:13] willybot : yes but this is controlled and calculated or they wouldnt be very good at it now would they
[2016-09-01 16:22:36] willybot : BitMEX_Wally: what is bitmex relationship with them?
[2016-09-01 16:23:13] Thedude : BitMEX_Wally: Why not reduce their fees if they provide more liquidity? Seems to me that would improve liquidity on the books and make for a better product for "regular" traders
[2016-09-01 16:23:35] BitMEX_Wally : They wouldn't like it if we reduced their maker fees, haha
[2016-09-01 16:24:04] BitMEX_Wally : willybot: There are no special relationships
[2016-09-01 16:24:21] willybot : BitMEX_Wally: it sounds like your all very close and chummy
[2016-09-01 16:24:31] BitMEX_Wally : *you're
[2016-09-01 16:24:55] willybot : BitMEX_Wally: lol you want to troll me this is good
[2016-09-01 16:25:07] BitMEX_Wally : Who is trolling here exactly?
[2016-09-01 16:26:06] willybot : BitMEX_Wally: Im not trollling today after my meditation.
[2016-09-01 16:26:13] BitMEX_Wally : The only benefit that maker makers get is an increased rate limit, after they have integrated with our bulk order submission API
[2016-09-01 16:27:05] Thedude : BitMEX_Wally: I meant increase their maker fees xD
[2016-09-01 16:27:16] willybot : BitMEX_Wally: you guys are going to need to be upfront about all this as there are a few interested people
[2016-09-01 16:27:30] BitMEX_Wally : willybot: How much more up front can we be?
[2016-09-01 16:28:05] willybot : BitMEX_Wally: your not exactly flowing with information and dodging things here
[2016-09-01 16:28:29] BitMEX_Greg : you're*
[2016-09-01 16:28:32] BitMEX_Wally : You believe a falsehood which we have repeated denied, what more information do you want?
[2016-09-01 16:30:05] BitMEX_Wally : Come back when you have some 'evidence' to support your false claims
[2016-09-01 16:30:19] willybot : BitMEX_Wally: im actually spot on but the structure is so that this can be "technically" denied
[2016-09-01 16:31:18] BitMEX_Wally : Come to Hong Kong and I'll show you around the office. You can look behind the flower pots and under Arthur's desk. Try and find these hidden market makers