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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[2016-10-02 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 ?
[2016-10-04 01:04:22] rapidtrades : really hate it how profit seems to trump leverage
[2016-10-04 01:04:38] rapidtrades : the point of the system should be to bring stability
[2016-10-04 01:04:46] BitMEX_Jinming : sleger: the ranking is for longs and shorts separately. For all shorts, very few have unrealised profit.
[2016-10-04 01:04:51] sleger : ETHXBT -63 63.00 ETH 0.02200 0.02205 2.27853 0.0565 XBT (Cross) -0.0032 XBT (-5.68%)
[2016-10-04 01:04:59] sleger : and all red
[2016-10-04 01:05:07] sleger : oh ok I understand @BitMEX_Jinming
[2016-10-04 01:05:18] rapidtrades : it should go after the highest leveraged traders not profit
[2016-10-04 01:05:34] sleger : I was short AND in profit although the price went up, which almost noone else would have been, got it
[2016-10-04 01:05:45] BitMEX_Jinming : sleger: yes correct
[2016-10-04 01:06:33] sleger : thank you for the explanation @BitMEX_Jinming
[2016-10-04 01:06:34] rapidtrades : ridiculous
[2016-10-04 01:08:00] rapidtrades : whether i have paper profit or loss is not bitmex business
[2016-10-04 01:08:07] rapidtrades : we're subsidizing idiots again
[2016-10-04 01:08:59] sleger : i'm sure habibi and jung1 are thankful
[2016-10-04 01:10:02] mjones : okcoin futures if some idiot bets big the wrong direction you get profit taken away from you during settlement if insurance fund doesnt cover it
[2016-10-04 01:10:14] mjones : that's how the game is played with high leverage
[2016-10-04 01:10:59] sleger : they dont use ADL so what you're saying doesnt apply
[2016-10-04 01:11:38] sleger : bitvc does use ADL and they deleverage based on position size only so you're wrong @mjones when you say "that's how the game is played with high leverage"
[2016-10-04 01:12:27] mjones : someone has to cover the loss.
[2016-10-04 01:12:52] kogroken : BITMEX: If ADL triggers, will it also close any stoploss orders I have open, or will say a crash when I'm long first cause ADL to close some of my trades, and my stoploss orders then open a short for me (which was not my intention when placing them)?
[2016-10-04 01:14:33] rapidtrades : ADL should be posiion size only
[2016-10-04 01:14:59] BitMEX_Jinming : kogroken: it also closes the open orders
[2016-10-04 01:15:08] rapidtrades : plus with current system i have to constantly babysit my trades cos even if I use low leverage I can get axed like sleger
[2016-10-04 01:15:15] sleger : mjones: "someone has to cover the loss." what loss ?
[2016-10-04 01:15:39] kogroken : BitMEX_Jinming: So ADL closes my whole position, and all my open orders?
[2016-10-04 01:15:51] sleger : FYI, i did not get ADL'ed, was just surprised to see it red with almost 0 pos and 0 profit
[2016-10-04 01:15:57] rapidtrades : so 'profit' or 'loss' is calculated based on last rebalance? 12:00 ?
[2016-10-04 01:16:11] rapidtrades : sleger: ah
[2016-10-04 01:16:35] BitMEX_Jinming : kogroken: yes
[2016-10-04 01:16:45] rapidtrades : cos i thought there was no more rebalancing
[2016-10-04 01:17:10] kogroken : BitMEX_Jinming: Ok, fair enough.
[2016-10-04 01:17:38] BitMEX_Jinming : kogroken: and it's possible that only part of your position was closed. It's based on the size of the unfilled liquidations.
[2016-10-04 01:18:19] BitMEX_Jinming : rapidtrades: it's based on the last rebalance price, or and trades you have done after last rebalance.
[2016-10-04 01:18:25] kogroken : BitMEX_Jinming: But if only part of my position is closed, but all my stoploss orders are closed, then I'm in trouble because the stoplosses I relied on are taken away?!
[2016-10-04 01:19:28] rapidtrades : BitMEX_Jinming: they said there was no more rebalance
[2016-10-04 01:19:39] BitMEX_Jinming : kogroken: yes
[2016-10-04 01:20:06] kogroken : Ugh. So I'd have to write a bot to monitor my positions to be able to trade here safely?
[2016-10-04 01:20:09] BitMEX_Jinming : rapidtrades: correct, yesterdays' is the last one, no more. So going forward, the unrelaisedPnl will be based on the actual trades.
[2016-10-04 01:20:21] sleger : BitMEX_Jinming: emails when you get ADL'ed ?
[2016-10-04 01:20:45] rapidtrades : BitMEX_Jinming: ok tnx
[2016-10-04 01:21:27] BitMEX_Jinming : kogroken: yes a bot is better, we have email notifications for this deleverage event.
[2016-10-04 01:22:05] kogroken : hmm. I have to reduce my trading here until I get around to that then. Unfortunate.
[2016-10-04 01:23:10] kogroken : Will there be some update email with all these changes explaied?
[2016-10-04 01:23:15] kogroken : +n
[2016-10-04 01:23:51] BitMEX_Jinming : kogroken: we will think about special order type to handle this, so please let us know your feedback.
[2016-10-04 01:24:55] kogroken : BitMEX_Jinming: An order type that only closes a position instead of opening an opposite would be very nice (close on trigger doesn't work as it also closes all other orders)
[2016-10-04 01:24:55] BitMEX_Jinming : kogroken: There was an announcement email about auto-deleverage, and also you can check the document: https://www.bitmex.com/app/autoDeleveraging
[2016-10-04 01:25:49] kogroken : BitMEX_Jinming: Ok. It doesn't show up on the megaphone icon in the UI, I mostly rely on that to follow updates.
[2016-10-04 01:25:52] BitMEX_Jinming : kogroken: we already have it, just tick `Close on Trigger`, it makes sure only reducing your exposure.
[2016-10-04 01:26:35] BitMEX_Jinming : kogroken: Ok got it
[2016-10-04 01:27:01] kogroken : Close on trigger also closes all other orders, which makes it impossible to have several smaller stop orders, or stoporders that trigger without removing other orders
[2016-10-04 01:27:51] kogroken : The way the OK_Coin order types work for example is nice.
[2016-10-04 01:45:56] BitMEX_Wally : kogroken: We have what you want in the API, send `execInst: ReduceOnly`
[2016-10-04 01:46:32] BitMEX_Wally : It is the same as `execInst: Close` but it does not cancel orders
[2016-10-04 01:54:08] kogroken : BitMEX_Wally: Ok, thanks. Would be nice to see it in the UI at some point also.
[2016-10-04 02:28:31] omicron : how can i read the little thermometer next to mark price
[2016-10-04 02:29:10] omicron : it shows me 3 green and 1 red
[2016-10-04 02:29:17] omicron : i have no positions ope
[2016-10-04 02:43:11] BitMEX_Wally : omicron: If you have a position then they light up. Maybe we need to make it more grayscale otherwise
[2016-10-04 03:50:06] omicron : BitMEX_Wally: that indicator is cool shit bro. yes make it grey until it lights up
[2016-10-04 04:31:34] laisee : can you make it light up according to how funky is the song playing on itunes?
[2016-10-04 04:50:59] lockhedge : BitMEX_Wally: i currently see 4 lights with only 0.79x leverage, how is that possible?
[2016-10-04 04:51:36] BitMEX_Wally : You might be one of the few with unrealised profit
[2016-10-04 05:21:42] lockhedge : BitMEX_Wally: ok, didn't think about the last rebalance. so all longs that were already open before 12 UTC have an entry price of 611.06
[2016-10-04 05:23:40] lockhedge : BitMEX_Wally: does one quintile always represent 20% of Open Value?
[2016-10-04 05:25:25] BitMEX_Wally : Yes
[2016-10-04 05:36:03] lockhedge : BitMEX_Wally: so it would be possible that i'm in the highest quantile even with a negative PNL? wouldn't in this situation help to increase leverage to shift my position to a lower quantile?
[2016-10-04 05:40:05] omicron : lockhedge: that sounds absurd
[2016-10-04 05:40:22] omicron : how can you be in any quintile if you have -ve P&L?
[2016-10-04 05:40:32] omicron : you should not have anything lit at all
[2016-10-04 05:53:13] BitMEX_Wally : If 20% of longs have positive unrealised profit and 80% have unrealised loss
[2016-10-04 05:53:50] BitMEX_Wally : Then those with the negative unrealised PNLs will have the first 4 lights
[2016-10-04 06:27:22] lockhedge : BitMEX_Wally: the new ADL system is great, but i fear that this indictor might reveal too much information about the positions of other traders (will do some tests, hopefully i'm wrong)
[2016-10-04 06:29:06] BitMEX_Wally : lockhedge: Yes we thought about that, but as you do not know the effective leverage of other traders, all you can do is work out the median average entry price of all open positions
[2016-10-04 08:03:28] rapidtrades : is it just me or has this site gotten super laggy since update
[2016-10-04 08:07:43] BitMEX_Arthur : rapidtrades: What specifically are you experiencing?
[2016-10-04 09:04:52] justinlooking : XMR all muh lights, only got a tiny position on
[2016-10-04 09:18:15] Boontjie : The volume on BitMex has dropped quite a bit since the ADL change, wonder if its temporary
[2016-10-04 09:39:44] BitMEX_Wally : It's Golden Week in China at the moment so volumes are down everywhere
[2016-10-04 09:54:12] Airmike : and I do trade a lot :)
[2016-10-04 09:54:33] Airmike : @boontijie low volume has nothing to do with ADL. My volume has dropped by 50% across all cryptocurrency exchanges
[2016-10-04 09:59:07] REKT : Liquidated long on `XBTUSD`: Sell 6664 @ 606.36
[2016-10-04 10:10:48] REKT : Liquidated long on `XBTUSD`: Sell 1437 @ 605.65
[2016-10-04 10:32:48] sebaas : Hey wally, sorry if this questions keeps popping up, but will you guys offer REP/Augur?
[2016-10-04 10:32:54] sebaas : -s
[2016-10-04 10:35:24] BitMEX_Arthur : We are in the process of adding it to our Testnet
[2016-10-04 10:35:27] RocketScience : How could the mark price fall under 605.65?
[2016-10-04 10:39:46] RocketScience : bitstamp minimum 605 and 0kcoin 609 = 607
[2016-10-04 10:50:25] lockhedge : RocketScience: are you watching OKC CNY (in USD) or OKC USD? https://tradeblock.com/markets/okcn/xbt-usd/1m/
[2016-10-04 10:51:43] RocketScience : I watch on bitcoin wisdom...it looks like the dollar value next to cny is just cny price in dollars.
[2016-10-04 10:52:58] keroub : For swaps, maintenance margin = initial margin?
[2016-10-04 10:53:16] Boontjie : lockhedge: even so, rekt happened on 12.10. The low was 606
[2016-10-04 10:53:46] Boontjie : bitstamp was not lower than 606
[2016-10-04 10:54:03] Boontjie : in that timeframe I think
[2016-10-04 10:54:57] Boontjie : I think the engine is accurate though. Havent ever seen problems, so it probably happened
[2016-10-04 10:55:49] BitMEX_Arthur : keroub: no
[2016-10-04 10:55:59] keroub : just seen the doc
[2016-10-04 10:56:03] keroub : risk limit section
[2016-10-04 10:56:04] keroub : thanks.
[2016-10-04 10:56:54] lockhedge : low price at 10:10 UTC was 605.07 on bitstamp and 606.12 on okc
[2016-10-04 11:01:47] Boontjie : so it hit 605.59
[2016-10-04 11:02:21] RocketScience : So i lost money, because of 8 cents difference :(
[2016-10-04 11:03:30] Boontjie : RocketScience: next time make your stop 605.5 :D
[2016-10-04 11:55:38] SillyNewbie : please, advice wmz to bitcoins exchanger...
[2016-10-04 11:59:39] zanza : they dont use last price
[2016-10-04 12:00:09] zanza : they use mark price
[2016-10-04 12:59:30] lockhedge : BitMEX_Arthur: do you publish ADL events somewhere via API?
[2016-10-04 13:01:34] BitMEX_Arthur : lockhedge: We publish liquidations the same as always, we do not publish any events when an ADL occurs
[2016-10-04 13:11:31] lockhedge : BitMEX_Arthur: you used to publish "Bankruptcy Total" in the settlement history for DPE events, would be great to have the same level of transparency for ADL as well.
[2016-10-04 16:14:22] REKT : Liquidated long on `ETHXBT`: Sell 720 @ 0.02181
[2016-10-04 16:20:22] REKT : Liquidated long on `ETHXBT`: Sell 11 @ 0.02180
[2016-10-04 19:34:35] REKT : Liquidated long on `ETHXBT`: Sell 37 @ 0.02167
[2016-10-04 19:43:43] AudibleScience : was there no rebal earlier today?
[2016-10-04 19:45:27] AudibleScience : also how come all my ADL lights are on?
[2016-10-04 19:46:48] AudibleScience : The notional is less than my balance on XBTUSD?
[2016-10-04 19:48:10] BitMEX_Sam : AudibleScience: Rebalance is no longer a part of BitMEX, it is not required with ADL.
[2016-10-04 19:48:40] Tetsuo : Well, on 3 of 4 positions, all my lights are on as well. On the other one i have only 4 lights. On all of them i don´t use much leverage.
[2016-10-04 19:48:44] BitMEX_Sam : As for your lights, it will calm down over time, but because the last rebalance was yesterday, there may be very few users in profit at the moment - so if you are, you may be at the top of the list.
[2016-10-04 19:49:16] BitMEX_Sam : Your priority is based on which side you're on (long/short) and whether or not you're profitable, then your leverage.
[2016-10-04 19:50:00] Tetsuo : ok
[2016-10-04 19:51:10] AudibleScience : BitMEX_Sam: I see thanks.
[2016-10-04 19:53:04] omicron : so if my ROE shows -3% because the mark price is lower than my entry price, there is no way i'll be ADL'd
[2016-10-04 19:53:58] AudibleScience : I'm glad about the rebalance no longer being part of the perpetual swap... makes it more "perpetual" that way I think.
[2016-10-04 19:55:17] omicron : rebalance was like a settlement, right
[2016-10-04 19:55:21] omicron : so what happens now?
[2016-10-04 19:56:24] BitMEX_Sam : Very unlikely omicron
[2016-10-04 19:56:42] BitMEX_Sam : Now, we settle realised pnl into your wallet at intervals, but this is only to make the wallet history easier to read.
[2016-10-04 19:56:49] BitMEX_Sam : If you exit a position, your pnl is realised immediately.
[2016-10-04 19:57:31] AudibleScience : omicron: not exactly, because you actually had a new position the same size reopened for you at the same time...
[2016-10-04 19:57:52] AudibleScience : BitMEX_Sam: that is really cool man! I thought I noticed that yesterday...
[2016-10-04 20:00:05] AudibleScience : omicron: settlement is something you get on a future type of instrument that expires at a specific time.
[2016-10-04 20:01:32] omicron : ok, so to understand the changes, bitmex used to update everyone's account every 12 hrs or so and now it only occurs on a P&L event?
[2016-10-04 20:02:06] BitMEX_Greg : omicron: The rebalance basically moved unrealised pnl into realised pnl. So now there is no unrealised pnl
[2016-10-04 20:02:45] omicron : how can there be no unrealized p&L? if i long at 600 and mark is at 601, dont i have an unrealized p&l?
[2016-10-04 20:03:46] jordanbitfort : mods! can we get an REP contract pls?
[2016-10-04 20:05:52] BitMEX_Sam : jordanbitfort: We're testing it on Testnet right now, we'll be ready to launch soon.
[2016-10-04 20:06:12] BitMEX_Sam : omicron: You're correct, the terms are just getting mixed up. Now realised/unrealised PNL behaves as it does on other platforms.
[2016-10-04 20:06:28] BitMEX_Greg : Yes, apologies @omicron . As Sam said above
[2016-10-04 20:11:48] AudibleScience : Wow! So DPE is actually a thing from the past now then. Is that right?
[2016-10-04 20:12:04] BitMEX_Greg : AudibleScience: Yes DPE is totally gone, ADL from now on
[2016-10-04 20:14:10] AudibleScience : So if I'm in profit, and someone else is getting liquidated, some of my position could be closed automatically to fill their liquidation, which would effectively be an automatic take profit on my side?
[2016-10-04 20:14:59] BitMEX_Greg : Yes your position could be closed, the formula ranks you by Leverage and Profit priority.
[2016-10-04 20:15:22] BitMEX_Greg : The little green to red indication bars in the Contract Details show your current standing
[2016-10-04 20:15:39] BitMEX_Greg : So if its showing all bars lit including the Red one then you are more likely to be autodeleveraged
[2016-10-04 20:15:59] jordanbitfort : there should be an option to auto reopen your position if you get force ADLed
[2016-10-04 20:16:22] BitMEX_Greg : Yes we are looking into that down the track. Unfortunately as for now you need to watch your email and manually reenter
[2016-10-04 20:20:16] jordanbitfort : im bad at taking profits anyway so it will probably end up helping me
[2016-10-04 20:20:36] AudibleScience : So the insurance fund is technically no longer needed is that right?
[2016-10-04 20:20:39] BitMEX_Greg : haha would be interested in seeing if it helped
[2016-10-04 20:20:46] BitMEX_Greg : We still have the insurance fund
[2016-10-04 20:20:56] BitMEX_Greg : As we aim to limit autodeleveraging
[2016-10-04 20:21:12] BitMEX_Greg : So the insurance fund helps to aggress liquidation orders
[2016-10-04 20:21:22] BitMEX_Greg : Similar to how we had it for the DPE system
[2016-10-04 20:23:15] BitMEX_Sam : Right - the main draw for keeping insurance is twofold: 1. It *should* be expensive to lose your position, because you may cause an ADL event - we shouldn't incentivize this by recovering profits, and 2. Funds recovered by the above can help keep ADL away for the rest of our users.