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<< >> English 中文 Русский 한국어 日本語 Español Français [2016-10-02 00:20:31] sleger : other people might be [2016-10-02 00:22:32] sleger : it seems that they are on a path to raise enough money to reduce their debt and pay off most of the tokens [2016-10-02 00:22:37] rapidtrades : so if the CFTC imposes any fines....won't they ban them from doing business with americans too? [2016-10-02 00:23:12] sleger : it depends. They already had a fine but no ban [2016-10-02 00:23:32] sleger : it's to the discretion of the regulator [2016-10-02 00:23:43] rapidtrades : cos that's what I would do after saying they have segregated wallets and then turning around and 'haircutting' everyone [2016-10-02 00:24:09] lockhedge : they stopped margin trading for US customers after the hack because they currently don't have segregated wallets [2016-10-02 00:24:22] lockhedge : but most US customers aren't verfied [2016-10-02 00:25:35] sleger : i was wondering why they stopped margin for US [2016-10-02 00:25:52] sleger : they still kept exchange trading so "seggregated wallets" is not the reason [2016-10-02 00:27:24] lockhedge : spot trading is not subject to CFTC oversight [2016-10-02 00:28:27] sleger : ok so they think they can escape cftc oversight by not offering margin trading, okay [2016-10-02 00:29:40] lockhedge : "Bitfinex violated Section 4(a) of the CEA, which requires such transactions to be conducted on a designated contract market or derivatives transaction execution facility. The Order further states that because the transactions did not result in actual delivery of bitcoins, Bitfinex could not rely on the exception to the CFTC’s jurisdiction over such transactions" [2016-10-02 00:29:45] habibi : lending for us customers, according to Phil us customers are only 20% of whole [2016-10-02 00:30:19] rapidtrades : 20% with the most money...and he prolly doesn't include unverified in that [2016-10-02 00:30:49] rapidtrades : the fact that they extended it to 60 days shows they're bluffing [2016-10-02 00:30:55] lockhedge : habibi: all unverified user count as non US [2016-10-02 00:31:35] rapidtrades : plus we have no independent source to confirm the 20mil figure...the banktothefuture says 2mil [2016-10-02 00:32:43] rapidtrades : this is why they didn't make it a coin [2016-10-02 00:32:52] rapidtrades : so they can pull shady stuff like this [2016-10-02 00:33:07] rapidtrades : guys we have 20mil committed, honest! [2016-10-02 00:34:57] sleger : just 60 to go [2016-10-02 00:38:10] rapidtrades : ur an idiot if u believe a word they say [2016-10-02 00:38:28] rapidtrades : 99.5% of funds kept in a cold wallet [2016-10-02 00:38:34] rapidtrades : remember that one [2016-10-02 00:40:32] rapidtrades : they couldn't even produce decent photos for their pitch page....they all look like drug dealers [2016-10-02 00:55:29] rapidtrades : btc-e down [2016-10-02 01:02:48] lockhedge : rapidtrades: "Technical maintenance in data center on October 2, 2016, from 00:00 till 12:00 (MSK time). Our services may be temporary unavailable" https://twitter.com/btcecom/status/782096159510757376 [2016-10-02 01:13:48] rapidtrades : great [2016-10-02 01:14:11] rapidtrades : a 12h maintenance [2016-10-02 01:22:26] Rado : wow [2016-10-02 01:22:30] Rado : wtf [2016-10-02 01:22:49] Rado : they haven't heard of redundancy? [2016-10-02 01:23:42] Rado : unless they are not doing maintenance on the servers, but rather the data [2016-10-02 01:33:08] REKT : Liquidated short on `XMR7D`: Buy 100 @ 0.012810 [2016-10-02 01:33:08] REKT : Liquidated short on `XMR7D`: Buy 35 @ 0.012841 [2016-10-02 01:34:17] mjones : xmr pumping with no support behind it [2016-10-02 01:34:23] mjones : manipulation down may be over [2016-10-02 01:34:40] mjones : weak pump volume wise too [2016-10-02 01:35:40] crmun : any mod in here? [2016-10-02 01:38:02] crmun : i understand my short on xmr was liquidated at 0.012810 but why exec price is 0.013419 ????? WTF????????? [2016-10-02 01:39:07] BitMEX_Greg : crmun: The price you see is your bankruptcy price. [2016-10-02 01:39:22] crmun : what it means? [2016-10-02 01:39:22] BitMEX_Greg : You should have received an email that helps explain the difference between the bankruptcy price and liquidation price [2016-10-02 01:39:38] BitMEX_Greg : Bankruptcy price is when your maintenance margin is equal to 0 [2016-10-02 01:40:09] BitMEX_Greg : The liquidation event happens at the liquidation price, at a price when your maintenance margin is equal to 5% for XMR [2016-10-02 01:40:15] crmun : this is not fair [2016-10-02 01:40:32] crmun : its robbery [2016-10-02 01:41:18] BitMEX_Greg : This is how it works so that we can help provide a liquid platform with high leverage. [2016-10-02 01:42:02] crmun : but you could just close it with closest ask order [2016-10-02 01:42:10] mjones : on monday with the new changes will XMR profit be available right away when the position is fully closed? [2016-10-02 01:42:34] BitMEX_Greg : Closing a position incurs costs. [2016-10-02 01:43:18] BitMEX_Greg : Any costs less than the maintenance margin remaining to go the insurance fund [2016-10-02 01:43:25] BitMEX_Greg : This helps avoid DPE events. [2016-10-02 01:43:46] crmun : but it doubles my losses from bad trade [2016-10-02 01:43:54] crmun : any mod in here? [2016-10-02 01:44:07] BitMEX_Greg : crmun: Yes can I help you further? [2016-10-02 01:45:21] crmun : it doubles my losses from bad trade, its ridickolous [2016-10-02 01:45:47] BitMEX_Greg : How does it double your loss? Liquidation occurs when the maintenance margin drops below 5% [2016-10-02 01:46:15] BitMEX_Greg : Please take a read of: https://www.bitmex.com/app/liquidation [2016-10-02 01:47:25] crmun : ok i opened short at 0.0122, it suppose to be liquidated at 0.0128 and exec price is 0.0134, so it doubled my loss [2016-10-02 01:47:57] BitMEX_Greg : The price you see is the bankruptcy price as I explained, where your margin is equal to 0% [2016-10-02 01:48:10] BitMEX_Greg : Did you receive a liquidation email? [2016-10-02 01:48:33] crmun : so it was not real 10x lev but 5x [2016-10-02 01:49:15] BitMEX_Greg : You have 10x leverage, as the initial margin is only 10% to open a trade [2016-10-02 01:49:34] BitMEX_Greg : once the margin drops to 5% (effectively 20x leverage), your position is closed out [2016-10-02 01:51:13] crmun : it was not closed out at current price or even close [2016-10-02 01:51:46] crmun : it was closed much higher than i could expect [2016-10-02 01:52:36] BitMEX_Greg : When the price drops below your liquidation price, then you are liquidated. [2016-10-02 01:52:44] BitMEX_Greg : In your trading history, the price you see is the bankruptcy price [2016-10-02 01:54:37] BitMEX_Greg : by Price I mean Mark Price [2016-10-02 01:54:52] crmun : i dont care how you call it, i want know why you close it at this high? 0.0134 !!!! [2016-10-02 01:57:51] BitMEX_Greg : As I said, the 5% margin that is above your liquidation price (0.0128*1.05_ = 1.0344 [2016-10-02 01:58:09] BitMEX_Greg : You are closed at the price where your margin is = 0 [2016-10-02 01:58:15] BitMEX_Greg : which is called your Bankruptcy price [2016-10-02 01:58:30] BitMEX_Greg : that margin is used to close the position so the system does not incur a loss in doing so [2016-10-02 01:58:49] BitMEX_Greg : because Monero is a highly volatile contract, and we offer a high leverage of 10x, the maintenance margin is 5% [2016-10-02 01:59:04] BitMEX_Greg : any funds left over from closing your position are deposited into the insurance fed [2016-10-02 01:59:15] BitMEX_Greg : which helps further liquidations to avoid DPE events [2016-10-02 02:01:43] crmun : ok so tell me just one more thing how mark price is calculated on xmr? [2016-10-02 02:02:20] MrRGnome : https://www.bitmex.com/app/fairPriceMarking#Calculation of Fair Price for Futures Contracts [2016-10-02 02:02:30] BitMEX_Greg : Thanks @MrRGnome this is correct [2016-10-02 02:02:46] BitMEX_Greg : The contract specifications are here:https://www.bitmex.com/app/contract/XMR7D [2016-10-02 02:04:06] MrRGnome : crmun: This seems to have been a misunderstanding about how futures markets work. That's why you were liquidated higher than the XMR spot price ever reached, the expected or mark price did reach that high. [2016-10-02 02:09:03] crmun : yeah but how mark price hit that level and its 0.0002 btc higher all the time? it was even higher than bullish asks [2016-10-02 02:09:58] BitMEX_Greg : This is a futures contract. It trades at a high basis [2016-10-02 02:10:12] BitMEX_Greg : The current fair basis rate is 117% annualised [2016-10-02 02:20:04] rapidtrades : For btc? [2016-10-02 02:22:56] BitMEX_Greg : for monero [2016-10-02 04:24:07] REKT : Liquidated long on `XBJ24H`: Sell 4000 @ 62070.0 [2016-10-02 04:24:07] REKT : Liquidated long on `XBJ24H`: Sell 192 @ 62093.0 [2016-10-02 05:40:17] REKT : Liquidated long on `XBTUSD`: Sell 43622 @ 610.46 **MEGA-REKT** :boom: [2016-10-02 05:40:22] REKT : Liquidated long on `XBTUSD`: Sell 6 @ 610.41 [2016-10-02 06:45:18] lockhedge : flash crash at Bitfinex down to $575 https://www.reddit.com/r/BitcoinMarkets/comments/55h7w9/another_bitfinex_flash_crash/ [2016-10-02 06:53:04] blackwhite : BitMEX_Greg: Great rate! I have a tiny position in it because it's only weekly. Give us monthly or quarterly futures. [2016-10-02 06:53:26] blackwhite : I wouldn't even mind if it's XMRJPY ) [2016-10-02 09:29:47] REKT : Liquidated long on `XBTUSD`: Sell 5855 @ 609.43 [2016-10-02 09:49:07] RocketScience : Bitstamp mini flash crash. China didnt even budge [2016-10-02 09:50:08] RocketScience : Underlying index is bitstamp, okcoin 50/50. Be carefull [2016-10-02 09:50:38] RocketScience : Why is o kcoin called woodchipper? [2016-10-02 10:04:08] BitMEX_Wally :  [2016-10-02 10:04:24] BitMEX_Wally : http://i.imgur.com/t0Pw9AN.png [2016-10-02 10:11:17] kumarz : BitMEX_Wally: lol [2016-10-02 10:30:34] rapidtrades : bitcorn? [2016-10-02 10:30:47] rapidtrades : WHO killed u [2016-10-02 10:31:17] rapidtrades : double top in tokens? [2016-10-02 12:00:08] REKT : Liquidated short on `ZECZ16`: Buy 775 @ 0.08180 [2016-10-02 12:15:37] habibi : BitMEX_Wally: no rebalance on bitfinex tokens? [2016-10-02 12:21:11] BitMEX_Wally : habibi: No, because we're moving from DPE to ADL tomorrow, and there will be no more rebalance [2016-10-02 12:29:52] rapidtrades : BitMEX_Wally: what does that mean [2016-10-02 12:29:59] rapidtrades : profits released right away? [2016-10-02 12:31:24] BitMEX_Wally : Yes, realise profits are not withheld [2016-10-02 12:35:20] habibi : BitMEX_Wally: what will happen to that liquidation on zcash? [2016-10-02 12:35:30] rapidtrades : realised is closed trades right? [2016-10-02 12:35:38] BitMEX_Wally : rapidtrades: Yes [2016-10-02 12:35:47] rapidtrades : dam this is just getting better [2016-10-02 12:36:01] rapidtrades : let's hope it works :) [2016-10-02 12:36:17] BitMEX_Wally : habibi: If the mark price goes above the bankruptcy price then longs will be deleveraged to close out that liquidation order [2016-10-02 12:36:40] BitMEX_Wally : But more likely it will sit there until ZEC spot market opens up [2016-10-02 12:36:59] BitMEX_Wally : And I imagine the price will drop and it will be filled [2016-10-02 12:44:22] habibi : markets can be very suprising :) [2016-10-02 12:44:32] habibi : surprising* [2016-10-02 13:13:56] rapidtrades : You know what's not surprising? [2016-10-02 13:14:11] rapidtrades : The dumb shit you spew on a daily basis [2016-10-02 13:16:11] habibi : rapidtrades: why are u so retarted :( [2016-10-02 13:19:57] rapidtrades : you can't even spell it right u retard [2016-10-02 13:21:58] habibi : rapidtrades: point for u ! [2016-10-02 13:42:02] REKT : Liquidated long on `XBTUSD`: Sell 1 @ 609.21 :punch: :whale: [2016-10-02 13:59:22] REKT : Liquidated short on `XMR7D`: Buy 20 @ 0.013337 [2016-10-02 13:59:51] laisee : XMR lives agin .... :-) [2016-10-02 14:00:22] RocketScience : bitmex is bearish on btc, waterfall forming [2016-10-02 14:00:49] laisee : RocketScience: waterfall? [2016-10-02 14:01:02] REKT : Liquidated long on `XBTUSD`: Sell 4 @ 609.02 :punch: :whale: [2016-10-02 14:02:24] BitMEX_Sam : lockhedge: Nice analysis [2016-10-02 14:04:33] RocketScience : last candle on bitmex looks like it will fall to oblivion, it's only a small dip on exchanges [2016-10-02 14:05:53] REKT : Liquidated long on `XBTUSD`: Sell 1180 @ 608.88 [2016-10-02 14:05:53] REKT : Liquidated long on `XBTUSD`: Sell 1200 @ 608.88 [2016-10-02 14:06:15] laisee : Arb the unbeleivers @Bitmex ... [2016-10-02 14:10:22] RocketScience : eth is the winner of bitcoin dip [2016-10-02 14:15:26] laisee : heh. winner of the alt-coin "V" contest? [2016-10-02 14:15:49] RocketScience : Yes [2016-10-02 14:16:50] RocketScience : when it moves 10% up, it will be the only chair everybody will want to sit on [2016-10-02 14:17:30] laisee : musical crypto-chairs [2016-10-02 14:54:53] RocketScience : stupid funding took 30% of my money. I understand it now though [2016-10-02 14:56:28] RocketScience : i didn't think much about it, before it hit me twice yesterday [2016-10-02 14:57:03] sleger : it's not even rocket science though [2016-10-02 14:59:17] RocketScience : I almost decided to dodge it. I would dodge the btc dip too (i'm long). Such is life [2016-10-02 15:24:50] rapidtrades : yeah that funding was sweet [2016-10-02 15:28:48] REKT : Liquidated long on `XBTUSD`: Sell 7777 @ 608.59 [2016-10-02 15:28:48] REKT : Liquidated long on `XBTUSD`: Sell 2000 @ 608.68 [2016-10-02 15:28:57] REKT : Liquidated long on `XBTUSD`: Sell 1500 @ 608.09 [2016-10-02 15:29:07] REKT : Liquidated long on `XBTUSD`: Sell 1 @ 607.99 :punch: :whale: [2016-10-02 15:31:22] REKT : Liquidated long on `XBTUSD`: Sell 2300 @ 607.61 [2016-10-02 15:31:22] REKT : Abandon the ship! [2016-10-02 15:31:53] RocketScience : elevator up, stairs down [2016-10-02 15:36:01] RocketScience : I am praying to china for the first time in my life [2016-10-02 15:37:24] Kalman : What are you praying for, Science?! [2016-10-02 15:38:14] Kalman : More Dim Sum [2016-10-02 15:39:08] RocketScience : to buy more bitcoins [2016-10-02 15:39:40] Kalman : Aren't Chinese mining & selling them?! [2016-10-02 15:43:22] RocketScience : non miners are buying bitcoin because yuan is devaluing [2016-10-02 16:38:48] RocketScience : there is only 12,5 new bitcooins every 10 min from 25 [2016-10-02 16:41:40] Kalman : RocketScience: Do you want to say that miners do not sell them? [2016-10-02 16:42:27] RocketScience : they do, but they can sell half less since the halvening of reward [2016-10-02 16:43:25] Kalman : RocketScience: When did you last time pay a bill etc. with BTC ? [2016-10-02 16:44:35] RocketScience : I use it to buy altcoins, i got it directly from ATM [2016-10-02 16:51:21] Kalman : RocketScience: A currency not used doesn't have value. If you want BTC to rise speak with your local grocery store owner about BTC as payment method. Same for the next taxi ride, ..., at any ocation you use Fiat. [2016-10-02 16:52:49] RocketScience : I see BTC as fiat in "alts"grocery store, it's needed to buy btc/alt pairs [2016-10-02 16:53:19] omicron : why is the chart price $2 below last price [2016-10-02 16:53:57] RocketScience : Looking at volume in alts is basically looking at bitcoin's usefulness [2016-10-02 16:55:22] laisee : ... trading BTC alone won't get its price to 10,000 ... [2016-10-02 16:59:43] arbitrage001 : laisee: actually, it might [2016-10-02 17:00:00] arbitrage001 : crypto coins are one giant casino [2016-10-02 17:00:04] laisee : for one day [2016-10-02 17:00:43] arbitrage001 : easier to get btc so people can bet on new shinning coin [2016-10-02 17:01:04] arbitrage001 : such as eth, dao, xmr [2016-10-02 17:02:30] laisee : arbitrage001: most economies are giant casinos. :-/ [2016-10-02 17:02:35] arbitrage001 : and the mechanic of btc will not change at 1 usd per btc or 10000 usd per btc [2016-10-02 17:02:57] arbitrage001 : laisee: true. [2016-10-02 17:03:25] laisee : hmmm. I guess might be more 'interest' by govt if BTC hist 10K [2016-10-02 17:05:03] arbitrage001 : one can argue having more shit coins actually fuel btc price [2016-10-02 17:08:09] laisee : speculators gotta speculate, anywhere will do [2016-10-02 17:50:20] mjones : right after rebalance happened i should have used that btc to long more xmr [2016-10-02 21:19:44] zanza : yeah you messed up harcore mjones [2016-10-02 21:23:35] mjones : missed out on much profit [2016-10-02 21:23:54] mjones : waiting 14 hours 36 minutes for this new shit to kick in [2016-10-02 22:13:27] RocketScience : factom orderbook has 25% spread [2016-10-02 22:16:04] RocketScience : market maker just left the building 2 mins ago [2016-10-02 22:20:40] RocketScience : no buys until 300, terrible [2016-10-02 23:01:00] Rado : went long some XBT on this BTC dip [2016-10-02 23:01:20] Rado : looks like we are safe for the next 16 hr on the funding rate front [2016-10-02 23:21:45] mjones : btc price going up here but nowhere else [2016-10-02 23:22:02] mjones : guess those bulls want to get the funding rate in 5 hours [2016-10-02 23:23:19] mjones : @RocketScience that happens from time to time. [2016-10-02 23:43:19] Rado : mjones: funding rate is very low for that to be true [2016-10-02 23:43:40] mjones : ya [2016-10-02 23:43:49] mjones : better longing xmr hoping for 0.015-0.016 [2016-10-02 23:44:07] Rado : the more likely explanation is that it's going up because I entered a position :-) [2016-10-02 23:46:27] omicron : is eth an inverse contract? [2016-10-02 23:51:03] sleger : omicron: 1 contract is 1 eth, settled and quoted in Btc [2016-10-02 23:51:21] BitMEX_Greg : omicron: Hi, no this is linear product. Take a look at the Series Guide: https://www.bitmex.com/app/seriesGuide/ETH [2016-10-02 23:51:40] BitMEX_Greg : Specifically the Contract value and PnL Calc [2016-10-03 00:02:40] omicron : BitMEX_Greg: great thanks. i think im better off trading linear products than inverse [2016-10-03 01:17:03] omicron : is xbj inverse too? [2016-10-03 01:19:05] BitMEX_Greg : Yeah the entire XBJ series is inverse [2016-10-03 02:02:20] rapidtrades : booooooooooooo [2016-10-03 03:15:56] omicron : whats the squiggly line above the candles on XBT [2016-10-03 03:16:09] omicron : on chart [2016-10-03 03:16:42] BitMEX_Greg : omicron: Are you referring to the blue line? [2016-10-03 03:16:55] BitMEX_Greg : If so, that is the .XBT index [2016-10-03 03:20:16] omicron : its purple. [2016-10-03 03:20:54] omicron : why is the index not candles but squiggly [2016-10-03 03:22:23] BitMEX_Wally : The traded price of the future/swap is candles [2016-10-03 03:22:37] BitMEX_Wally : Whereas the index is just a single price printed each minute [2016-10-03 03:22:47] omicron : right. thanks [2016-10-03 03:24:47] omicron : why did you guys lower leverage from 100x to 50x [2016-10-03 03:28:00] BitMEX_Wally : Because the funding rate got above 1% [2016-10-03 03:28:06] BitMEX_Wally : We have 100x on XBJ24H still [2016-10-03 03:42:32] omicron : ah because xbj is a real future [2016-10-03 03:46:57] omicron : doesnt have the same vol/liq as xbt [2016-10-03 04:35:54] giviz : yop, I'm confused why mu Realised PNL shows 0.0104 and my Unrealised PNL -0.0027 while the PNL calculator indicated that it should be 0.1417 given current trade value ? [2016-10-03 04:37:39] omicron : giviz: you cant trade on bitmex like that [2016-10-03 04:37:52] omicron : there's a lot of stuff that can impact your P&L [2016-10-03 04:38:15] omicron : unless you trade actual futures, ones with expiration date. then its str8fwd [2016-10-03 04:38:28] giviz : it's a XBT trade [2016-10-03 04:39:33] giviz : Entry at 598, current at 609, 4500 contract, Realised PNL 0.01 [2016-10-03 04:39:44] giviz : I'm still confused on how that thing works :D [2016-10-03 04:59:45] BitMEX_Wally : giviz: XBTUSD swap has funding payments that come out of your PNL [2016-10-03 05:00:29] giviz : you mean fees ? [2016-10-03 05:01:04] BitMEX_Wally : It's kind of like a fee, except it is paid between long and shorts, not to BitMEX [2016-10-03 05:03:44] BitMEX_Wally : https://www.bitmex.com/app/tradeHistory [2016-10-03 05:20:01] giviz : I see, so as I've been in that trade for more than 15 days, the fees and funding payments put it in a break even position. Make sense. Thanks :) [2016-10-03 07:26:37] germanjew : Would it be possible to add something like segregated accounts to BitMEX? It just makes keeping track of things a whole lot easier [2016-10-03 07:33:07] BitMEX_Arthur : germanjew: what exactly do you want to achieve? [2016-10-03 07:36:03] germanjew : I want to make it easier to calculate the return on a specific instrument, or group of instruments [2016-10-03 07:38:17] germanjew : That is, if I had 0.5XBT in account A and 0.5XBT in account B, where the two accounts hold different instruments will make it much easier to calculate 'performance' of the two different strategies [2016-10-03 07:39:29] germanjew : Does that make sense or not really? [2016-10-03 07:42:50] Kalman : just open another account! [2016-10-03 07:43:44] BitMEX_Arthur : germanjew: I think I understand. You need more a risk management system where you can have different startegies [2016-10-03 08:01:00] zanza : germanjew: you could also just a personal spreadsheet [2016-10-03 08:02:04] germanjew : sure, but then I have to do recons etc, just being able to split fund into Account A, B and C will take al lot of that pain away [2016-10-03 08:02:30] zanza : yeah [2016-10-03 08:03:22] germanjew : In the same way that I have multiple sub accounts at my bank, it makes keeping track of things much much easier. One account for medical, one account for day to day, etc etc [2016-10-03 08:03:51] germanjew : Just a suggestion from me, not a must have :) [2016-10-03 10:02:28] Boontjie : The sub accounts is actually a very nice suggestion [2016-10-03 10:03:53] habibi : And very old as well [2016-10-03 10:03:54] Boontjie : If you have a transaction history for each, it is much easier to parse into reports, do recon and so on [2016-10-03 10:04:40] Boontjie : Sure, its not a must have, it reduces my administrative burden, or at least to people that do administration [2016-10-03 10:06:16] BitMEX_Wally : You can have multiple accounts [2016-10-03 10:40:57] Boontjie : BitMEX_Wally: And its free to transfer between these accounts? [2016-10-03 10:50:28] Boontjie : I suppose its a poor retort, so lets get practical. "Hey lets integrate the internet into and applciations into a mobile phone!" Your answer "You can have a telephone and a computer!" [2016-10-03 10:51:44] BitMEX_Wally : Fair point. It's not a development priority right now [2016-10-03 11:00:41] Boontjie : I can understand that. I believe the original argument was 'a nice to have' though. Hopefully in future it could be a consideration [2016-10-03 11:59:11] mjones : it is time [2016-10-03 12:00:07] REKT : Liquidated short on `ZECZ16`: Buy 775 @ 0.09775 [2016-10-03 12:02:20] mjones : awe i was hoping to get the rest of my xmr profit right now with the new liquidation going into effect [2016-10-03 12:02:27] blackwhite : where are new contracts? [2016-10-03 12:03:06] mjones : where is xrp [2016-10-03 12:08:05] habibi : lol :D just caused adl hit in on zcash [2016-10-03 12:08:06] habibi : funny [2016-10-03 12:09:17] mjones : lol. i was wondering how that was going to get taken out. that was a crazy high amount for a liquidation [2016-10-03 12:09:46] habibi : around 711 contracts or sth [2016-10-03 12:10:11] rapidtrades : ok so this indicator....if all lights are green I'm at risk for closure? [2016-10-03 12:10:16] mjones : oh shit just noticed i got all my xmr profit now. woohoo [2016-10-03 12:10:48] mjones : and my btc long is 3 out of 5 lights so it is unlikely i'll be auto closed [2016-10-03 12:10:51] mjones : for now [2016-10-03 12:11:26] rapidtrades : shouldn't be lights be red instead of green? cos closure aint good [2016-10-03 12:11:29] lockhedge : are ppl receiving maker fees for ADL initiated trades? [2016-10-03 12:11:42] rapidtrades : yeah that would suck ^ [2016-10-03 12:11:45] mjones : i was reading the lights from left to right so i thought green [2016-10-03 12:17:04] mjones : from looking at the lights from the other coins i'm not in, my btc long has all lights lit. so i'm at risk of being closed out [2016-10-03 12:18:08] mjones : xbj 3 month is open. only 25x though [2016-10-03 12:18:14] mjones : weekly is 100x so that's good [2016-10-03 12:18:37] BitMEX_Jinming : lockhedge: yes [2016-10-03 12:19:04] rapidtrades : BitMEX_Jinming: can u exlain how we should read the indicator [2016-10-03 12:20:37] BitMEX_Jinming : @rapidtrades more lights on meaning you are in front of the queue, so in the event of auto-deleverage, you are more likely to be closed out firstly [2016-10-03 12:21:10] rapidtrades : how can we tell whats' on [2016-10-03 12:21:22] rapidtrades : just make em all red and white [2016-10-03 12:21:37] BitMEX_Jinming : rapidtrades: light green, light yellow, light red mean they are on [2016-10-03 12:21:57] rapidtrades : no that's too confusing [2016-10-03 12:22:05] rapidtrades : just make em red/white [2016-10-03 12:22:14] rapidtrades : if 5 red u have highest risk [2016-10-03 12:22:17] mjones : can you update xbj so instead of +1 and +10 it is +10 and +100 when changing # of contracts [2016-10-03 12:23:11] BitMEX_Jinming : mjones: Yeah, I will ask Sam to look at it. [2016-10-03 12:23:17] rapidtrades : don't make it on/off...they either show of don't [2016-10-03 12:23:33] rapidtrades : so if u see 4 u know u have hig hrisk for example [2016-10-03 12:23:45] rapidtrades : cos this pale color shit is very confusing [2016-10-03 12:24:00] rapidtrades : it's gonna f*ck with color blind ppl [2016-10-03 12:24:11] BitMEX_Jinming : rapidtrades: yeah, we will improve it to make it more clear. [2016-10-03 12:24:29] rapidtrades : tnx [2016-10-03 12:24:31] Boontjie : Do you get develraged at the maker or taker rate [2016-10-03 12:24:53] BitMEX_Jinming : Boontjie: maker rate [2016-10-03 12:28:44] wurstgelee : I received a mail stating that my ZEC short position was deleveraged. My position was a long position. [2016-10-03 12:31:30] BitMEX_Jinming : wurstgelee: yes, price jumped from 0.085768 to 0.098, and the short liquidation order was deleveraged against long positions. [2016-10-03 12:32:35] REKT : Liquidated short on `ZECZ16`: Buy 45 @ 0.10427 [2016-10-03 12:37:46] Boontjie : wurstgelee: what price did they execute you at? [2016-10-03 12:40:38] habibi : 0.097776 [2016-10-03 12:40:53] windoze : wow you are long on ZEC? wtf? [2016-10-03 12:43:58] mjones : BitMEX_Jinming: and can you make it so when we click XBJ it opens back up where we left off instead of defaulting to Dec 30 [2016-10-03 12:45:46] Boontjie : BitMEX_Jinming: Ok, does deveraging use your original entry price, or 'entry price since last rebalance' [2016-10-03 12:47:15] rapidtrades : no rebalancing :) [2016-10-03 12:47:19] mjones : there are no more reblanacing [2016-10-03 12:50:04] Boontjie : that makes sense actually [2016-10-03 12:50:25] Boontjie : thx [2016-10-03 12:53:41] BitMEX_Jinming : mjones: ok, it makes sense. I will ask Sam whether the selection can be remembered. [2016-10-03 12:55:17] BitMEX_Jinming : Boontjie: it is using the bankrupt price of the liquidation position. https://www.bitmex.com/app/autoDeleveraging [2016-10-03 12:57:44] habibi : whats the story about insurance fund now? [2016-10-03 12:58:14] sleger : are you talking about arthur's savings account ? [2016-10-03 12:58:22] habibi : yes, exacly [2016-10-03 12:58:38] rapidtrades : sleger: god damit i was gonna make that joke [2016-10-03 12:59:44] habibi : nvm, i see insurance fund is still in first place before adl hits [2016-10-03 13:01:59] BitMEX_Jinming : habibi: yes, insurance fund is still there to aggress the liquidation order. And ADL only happens when the liquidation position loses more than the insurance fund for that position. [2016-10-03 13:09:10] Mm bot : Finally 7d XBTJ is useful, daily future isn't too useful [2016-10-03 13:10:09] wurstgelee : BitMEX_Jinming: no, my point is: mail says it my SHORT position was delveleraged. it was no short, it was a long. [2016-10-03 13:10:21] wurstgelee : *lol typos [2016-10-03 13:12:17] BitMEX_Wally : wurstgelee: We'll check the email template [2016-10-03 13:12:28] wurstgelee : ;) [2016-10-03 13:12:55] wurstgelee : i doubt any short positions where deleveraged @ ZEC.... [2016-10-03 13:14:08] peachesgirl : BitMEX_Jinming: Hi. I did my withdrawal this morning but it says it will be done in a day. Could u chk what happened pl? [2016-10-03 13:14:24] peachesgirl : BitMEX_Wally: HI. Pl. chk. thks. [2016-10-03 13:14:35] BitMEX_Wally : Withdrawals are being processed right now [2016-10-03 13:15:43] peachesgirl : so, mine was requested b4 13:00 utc [2016-10-03 13:15:47] peachesgirl : so, will be done now right? [2016-10-03 13:16:17] BitMEX_Wally : Yes it's already been broadcasted to the network [2016-10-03 13:16:33] peachesgirl : ok...thks a lot [2016-10-03 13:16:37] peachesgirl : :) [2016-10-03 13:59:07] REKT : Liquidated long on `XMR7D`: Sell 131 @ 0.013025 [2016-10-03 14:40:05] Rado : good morning girls [2016-10-03 14:40:08] Rado : how is it going [2016-10-03 14:41:15] BitMEX_Greg : Rado: Morning mate [2016-10-03 14:41:23] Rado : hey BitMEX_Greg [2016-10-03 14:41:32] Rado : how is the new system so far? [2016-10-03 14:41:58] BitMEX_Greg : Going well, few changes in. Auto deleveraging, and also the XBJ series of futures is live. [2016-10-03 14:42:17] BitMEX_Greg : Also we have XRP7D (Ripple) in testnet if you are interested in checking it out [2016-10-03 14:42:18] Rado : right [2016-10-03 14:42:28] Rado : cool [2016-10-03 14:47:47] Rado : I guess sleger is not in XBJZ16 yet [2016-10-03 14:47:55] Rado : volume only 25 XBT ;-) [2016-10-03 14:52:41] Rado : BitMEX_Greg: 1 contract nonesense on the ask side of XBJZ16 [2016-10-03 14:52:45] Rado : I hate these [2016-10-03 14:54:00] BitMEX_Wally : We have spam protection, if someone submits too many orders < 0.01 Bitcoin notional value then they get canceled/hidden [2016-10-03 14:54:40] Rado : If I want to place a bid at 64200 I have to buy the 1 contract first and then have another order with the real size [2016-10-03 14:54:52] Rado : other ways my whole order will have to pay the fee [2016-10-03 14:55:21] Rado : is that correct BitMEX_Wally? [2016-10-03 14:55:24] BitMEX_Wally : If you place a bid for 100 at 64200 you would only pay the taker fee for 1 contract [2016-10-03 14:55:29] BitMEX_Greg : No, you will only be paying the taker fee at 1 contract [2016-10-03 14:55:36] Rado : ahh [2016-10-03 14:55:37] BitMEX_Wally : You would then have a bid for 99 contracts sat there and would earn the maker fee [2016-10-03 14:55:41] Rado : that's fine then [2016-10-03 14:55:48] Rado : I miss understood [2016-10-03 14:55:51] Rado : thanks [2016-10-03 14:57:36] BitMEX_Greg : Rado: If there is a hidden order under that 1 contract, then you will still receive the maker fee if you happen to hit it too [2016-10-03 14:57:53] Rado : cool :-) [2016-10-03 14:59:08] Rado : BitMEX_Greg: even if the order is not post-only I get the maker fee? [2016-10-03 14:59:31] BitMEX_Greg : Yes that's right [2016-10-03 15:01:37] Rado : QUOINE Bitcoin Exchange Rolls Out Dashboard Updates, New App [2016-10-03 15:01:57] Rado : did QUONIE list all the new XBJ contracts? [2016-10-03 15:03:50] fruitdealer : hey Greg [2016-10-03 15:03:55] fruitdealer : i just wrote back [2016-10-03 15:04:30] BitMEX_Wally : All post-only does is cancel the order if it would end up paying a taker fee [2016-10-03 15:04:44] BitMEX_Wally : It doesn't magically get you a maker fee when you wouldn't otherwise :) [2016-10-03 15:04:44] Rado : got it BitMEX_Wally [2016-10-03 15:06:34] Sqrl : BitMEX_Wally: What's this 0.0496 fee on my account? [2016-10-03 15:11:05] Rado : Sqrl: is it a fee or rebalance [2016-10-03 15:11:41] Sqrl : There's a 0.0496 fee AND a 0.0022 CashSettlement. [2016-10-03 15:16:42] Sqrl : Wow, are they charging the Settlement fee every day? [2016-10-03 15:17:14] BitMEX_Wally : Sqrl: If that was ZECZ16 then that fee was DPE [2016-10-03 15:17:14] Rado : which contract? [2016-10-03 15:17:20] BitMEX_Wally : The last DPE there will be [2016-10-03 15:17:47] BitMEX_Wally : https://www.bitmex.com/app/settlementHistory [2016-10-03 15:18:11] Sqrl : Wow. [2016-10-03 15:51:02] omicron : no DPE for a while [2016-10-03 15:51:54] omicron : any idea why traded price is below index price for XBT by 2 points on the chart [2016-10-03 15:52:47] Rado : XBJ7D has no premium [2016-10-03 15:53:47] Rado : omicron: Index price is 608.65 [2016-10-03 15:53:58] Rado : last price for XBTUSD is 609.16 [2016-10-03 16:08:57] omicron : Rado: I meant on the chart, the candles are 2 points below the squiggly line [2016-10-03 16:09:38] justinlooking : omicron: the charts r f'd up [2016-10-03 16:12:12] justinlooking : well they are ok(ish) if u dont mess with them [2016-10-03 16:13:06] RocketScience : bitcoin wisdom for btc [2016-10-03 16:15:59] justinlooking : support: r u gonna implement spread instruments and implied liquidity&matching for your futures? [2016-10-03 16:24:37] BitMEX_Greg : justinlooking: We used to have spreads between the futures expiries, but unsure if we will bring them back right now. [2016-10-03 16:25:29] BitMEX_Greg : Regarding your second question, can you please further elaborate on what you mean by implied liquidity and matching? [2016-10-03 16:35:22] REKT : Liquidated long on `XMR7D`: Sell 8 @ 0.012815 [2016-10-03 16:50:47] j8 : the spread market orderbook would fill based on the orderbooks of the markets it's spreading.. if you take from the spread book, it would take from the two futures books (need an order type that does this atomically). the old spreads never had liquidity because they needed their own market makers @BitMEX_Greg [2016-10-03 16:51:53] messiaen8844 : REP coming out tomorrow [2016-10-03 16:52:07] BitMEX_Greg : Ah understand, thanks. @j8 [2016-10-03 16:52:50] BitMEX_Greg : It was just an opinion that the community wasn't ready for them back then. [2016-10-03 16:52:54] BitMEX_Greg : Similar to options trading [2016-10-03 16:54:17] omicron : bitfinex is gonna do options, i hear [2016-10-03 16:55:37] BitMEX_Greg : Yes, they seem to be trying a whole lot of things now [2016-10-03 16:56:19] omicron : i heard they said too many fuggers trying futures with soc. losses. we gonna do covered options [2016-10-03 16:56:24] j8 : yeah, the way it was set up only diverted liquidity from the main markets. if it was really tightly integrated then someone who wants to trade the spread is contributing to liquidity on the main markets [2016-10-03 16:56:49] j8 : i would like to trade options, but not on bitfinex.. jeez [2016-10-03 16:57:12] omicron : j8: why not bfx [2016-10-03 16:57:40] j8 : is that even a question [2016-10-03 16:57:46] omicron : also deribit and coinut have options [2016-10-03 16:57:51] omicron : nobody trades there [2016-10-03 16:58:44] j8 : yeah, i never saw liquidity on coinut.. been meaning to check out deribit [2016-10-03 16:59:16] omicron : i think you need a spot market to run the option market on. bfx is right about that [2016-10-03 16:59:31] omicron : there cannot be a pure option market. how would it work? [2016-10-03 17:00:11] j8 : it would work like the other derivatives here [2016-10-03 17:00:30] omicron : how would you do a covered call? how would you enforce a naked call? [2016-10-03 17:00:50] omicron : effectively you need the full collateral, same as spot [2016-10-03 17:02:10] omicron : so sellers will always prefer futures [2016-10-03 17:02:33] omicron : when you have a spot market to cover it, well, holders and sell covered calls to make some extra [2016-10-03 17:03:04] omicron : also liquidity is spread accross all the strke prices [2016-10-03 17:04:30] messiaen8844 : http://coinmarketcap.com/currencies/augur/ the pump [2016-10-03 17:05:19] BitMEX_Greg : Interesting if this will follow through with prices when it lists on Polo and Kraken [2016-10-03 17:09:45] messiaen8844 : Well, it's much better than the DAO :) [2016-10-03 17:37:16] Rizky : that's showing $18...per token? [2016-10-03 17:38:08] BitMEX_Greg : Yeah, Gatecoin's are kinda like proxy tokens on Augur [2016-10-03 17:40:06] Rizky : where do they trade [2016-10-03 17:40:21] Rizky : ah see it [2016-10-03 17:40:26] BitMEX_Greg : REPBTC on Gatecoin [2016-10-03 18:32:31] messiaen8844 : tomorrow live trading is supposed to start on Kraken and Polo [2016-10-03 18:36:26] peluwizzysmallz : please am new can i get some tutorial [2016-10-03 18:37:43] BitMEX_Greg : peluwizzysmallz: Hi welcome to the platform [2016-10-03 18:37:54] BitMEX_Greg : It's best to start here: https://www.bitmex.com/app/tradingOverview [2016-10-03 18:38:09] peluwizzysmallz : thanks greg [2016-10-03 18:47:00] RocketScience : 750 btc buywall ETH on 219 [2016-10-03 18:49:38] arbitrage001 : RocketScience: guessing fake wall [2016-10-03 18:49:52] RocketScience : it moved up to 220 [2016-10-03 18:50:00] arbitrage001 : but doubt anyone going to challenge it [2016-10-03 18:50:07] RocketScience : if you can dump on it it is real. but it will be pulled maybe [2016-10-03 18:50:23] RocketScience : it appearred in 500 btc form at 215, 216 before [2016-10-03 18:50:41] arbitrage001 : logic dictate if a serious buyer want to accumulate that much [2016-10-03 18:50:54] arbitrage001 : he will do so quietly [2016-10-03 18:51:02] arbitrage001 : not risking 750 btc [2016-10-03 18:51:13] arbitrage001 : showing hand, i mean [2016-10-03 18:51:15] RocketScience : he is taunting the bears [2016-10-03 18:51:37] RocketScience : he will get his 800 btc on 220 instead of buying everything up to 230 [2016-10-03 18:52:04] arbitrage001 : will observe price over the next few days [2016-10-03 18:52:13] RocketScience : Perfect storm: BTC suddenly rises 10% [2016-10-03 18:52:19] arbitrage001 : good learning exp anyway [2016-10-03 18:53:18] RocketScience : If you have 100k btc you are one of the gods of crypto olympus [2016-10-03 18:53:43] arbitrage001 : RocketScience: hard to trade at that scale [2016-10-03 18:54:07] arbitrage001 : will move market, and get disadvantage on price [2016-10-03 18:55:03] RocketScience : True. Maybe ETC pumped because the big whales came to play an extremely liquid market (130k btc at best day) [2016-10-03 18:55:56] arbitrage001 : the 750 btc wall lookis more like desperate move to me [2016-10-03 18:56:22] arbitrage001 : wall gone [2016-10-03 18:56:26] RocketScience : it dissapeared right now [2016-10-03 18:56:50] arbitrage001 : see [2016-10-03 18:57:01] arbitrage001 : when big wall appears, trade against it next time [2016-10-03 18:57:38] RocketScience : what if he is making people go long to trap them? [2016-10-03 18:58:07] arbitrage001 : more likely he has some sell position slightly above his bid price [2016-10-03 18:58:16] arbitrage001 : ask position i mean [2016-10-03 18:58:32] arbitrage001 : once sold, he remove the fake wall [2016-10-03 19:00:05] RocketScience : Another whale could exit on him [2016-10-03 19:00:38] arbitrage001 : dont see it on market log [2016-10-03 19:00:49] arbitrage001 : maybe i miss it [2016-10-03 19:01:40] RocketScience : could have exited on him, but did not* [2016-10-03 19:02:19] RocketScience : he removed it when there was only 1 btc order in front of it [2016-10-03 19:02:36] RocketScience : it's back at 218 [2016-10-03 19:03:12] arbitrage001 : think it is a fake wall [2016-10-03 19:03:35] arbitrage001 : like to see the expression on his face if someone fill it [2016-10-03 19:05:27] RocketScience : ethillionaire [2016-10-03 19:05:36] arbitrage001 : on paper [2016-10-03 19:07:10] RocketScience : the biggest wall i ever saw was 4k btc lisk wall [2016-10-03 19:07:25] arbitrage001 : how is lisk doing now? [2016-10-03 19:07:37] RocketScience : from an angry super whale with 5% supply [2016-10-03 19:07:45] arbitrage001 : compare to the wall price [2016-10-03 19:07:47] RocketScience : it's sleeping..waiting for dapps [2016-10-03 19:08:37] RocketScience : the biggest investor in lisk and lisk CEO met and they went along fine until they got into an argument about Nikola Tesla vs Edison [2016-10-03 19:09:28] RocketScience : They can't stand each other now haha [2016-10-03 19:09:58] arbitrage001 : what is the selling point for lisk anyway? [2016-10-03 19:10:17] arbitrage001 : since i dont pay much attention to alt coin [2016-10-03 19:16:24] arbitrage001 : looks like someone failed to manipulate eth price upward [2016-10-03 19:44:59] sleger : Admin, not sure I understand the lights for ADL : on ETH open interest is 26192, my current position here is -113 (tiny !!) however all the lights are on, including the last red one, why ?? [2016-10-03 19:45:40] sleger : (unrealised profit is 0.0113 XBT = tiny !!) [2016-10-03 19:48:38] BitMEX_Greg : sleger: Hey sleger, I'll need to find out from Wally when he's in. The formula is based off profit and leverage priority [2016-10-03 19:49:03] BitMEX_Greg : Are you highly leveraged? [2016-10-03 19:49:04] sleger : as you can see my profit and leverage are absolutely tiny [2016-10-03 19:49:13] sleger : if you deleverage such positions this would be ridiculous [2016-10-03 19:49:43] sleger : my liq price for eth is >2 so no i am not [2016-10-03 19:50:15] sleger : i am on cross and overall leverage is <1 [2016-10-03 19:52:25] BitMEX_Greg : Ok I am just taking a look now to see what I can find [2016-10-03 20:17:39] tommygunn : Just got in, like the new changes, found a bug [2016-10-03 20:21:47] mjones : someone needs to ping cryptowatch and let them know about the new 7 day and 3 month XPJ charts and remove the old one xbtu16 [2016-10-03 20:48:43] BitMEX_Greg : tommygunn: Thanks can you please email our support: support@bitmex.com [2016-10-03 20:50:01] tommygunn : Will do ! [2016-10-03 20:54:44] sleger : BitMEX_Greg: you found anything ? [2016-10-03 20:55:42] BitMEX_Greg : sleger: Not yet, We are still looking into it. [2016-10-03 21:11:07] REKT : Liquidated long on `FCTXBT`: Sell 500 @ 0.003618 [2016-10-03 21:37:02] omicron : BitMEX_Greg: I see this over and over. You guys rush features very quickly and theres lots of bugs. Not to totally blame you, I like teams that move fast. But something like ADL needs to be tested on testnet for months [2016-10-03 21:38:16] omicron : i mean you took so much care about i18n, which is effectively a UI item and it turned out very good. shouldnt stuff related to money deserve the same attention [2016-10-03 22:19:47] RocketScience : When can we expect xrp add? [2016-10-03 22:25:22] WhaleDeluxe : RocketScience: xrp is poop [2016-10-03 22:29:14] BitMEX_Greg : omicron: Appreciate the feedback, however we did have this in testnet for quite sometime. The issue sleger is referring to I need to find out with Wally when he is online. [2016-10-04 00:49:20] TraderStefan : Is BitMEX planning to launch a REP contract? If so, is there an expected launch date for it? [2016-10-04 00:57:32] BitMEX_Greg : TraderStefan: We have discussed it, no launch date yet [2016-10-04 00:58:23] TraderStefan : Great thank you [2016-10-04 01:00:05] BitMEX_Jinming : sleger: You were one of the only two with unrealised profit for ETHXBT; positions with unrealised profit always get deleveraged before the ones with loss. [2016-10-04 01:01:13] sleger : Open Interest 26,140 [2016-10-04 01:01:34] sleger : and only 2 were in unrealised profit you are saying ? [2016-10-04 01:02:09] BitMEX_Jinming : sleger: yes, that's based on the last rebalance price (which won't happen again) [2016-10-04 01:02:39] sleger : but the last rebalance price and mark price is the same for everyone [2016-10-04 01:03:06] sleger : so the only way what you are saying would be possible is if there were only 2 traders short, is that what you are saying ? [2016-10-04 01:03:25] BitMEX_Jinming : sleger: so if people hold short position from last rebalance time, they will have unrealised loss because price is up [2016-10-04 01:04:00] sleger : ok so there were only one guy long ?