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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[2016-10-11 21:21:51] vkvk : thanks, Greg. i'll take a look
[2016-10-11 21:29:37] esuvari : BitMEX_Greg: so with this new auto deleverage thing, does it mean positions get incrementally liquidated?
[2016-10-11 21:30:10] esuvari : or is it like once index price is below liq. price you lost your entire stash?
[2016-10-11 21:49:05] justinlooking : i am seeing this for 1st time: https://www.bitmex.com/app/autoDeleveragingExamples
[2016-10-11 21:51:36] justinlooking : `Accounts 6 and 5` ??? why is it not 3?
[2016-10-11 21:55:53] lockhedge : guess you are the first who really read it, should be accounts 3 and 6
[2016-10-11 21:56:59] lockhedge : or just account 3 as you said...
[2016-10-11 22:07:23] justinlooking : pages mention "Examples" in multi places, but htere is only one, maybe it got arthur'd
[2016-10-11 22:11:35] j8 : esuvari: there are incremental liquidations (sort of) if you're on a higher risk limit. check References->Liquidation. not sure how well it works, can't really count on it
[2016-10-11 22:15:07] REKT : Liquidated long on `ETC7D`: Sell 2000 @ 0.001696
[2016-10-11 22:16:32] jordanbitfort : hahaha longing etc
[2016-10-11 22:16:53] esuvari : lockhedge: nope, accounts 2 & 5 it should be
[2016-10-11 22:17:08] esuvari : they mixed account numbers with PNL ranking
[2016-10-11 22:18:09] esuvari : and from what I understand, there's no such thing as going 50x at the beginning of a rally and ride it till the end with mad profits anymore.
[2016-10-11 22:19:01] j8 : they also say 6th is a higher rank than 1st. ok I guess, but that's confusing
[2016-10-11 22:19:43] sleger : maybe because they're the 6th largest usd exchange ?
[2016-10-11 22:19:53] esuvari : someone with the opposite position is bound to get liquidated and they force you to cover your position
[2016-10-11 22:20:25] esuvari : that's bullshit. what's the benefit of high leverage then?
[2016-10-11 22:22:56] BitMEX_Greg : esuvari: liquidation still occur similar to the DPE system
[2016-10-11 22:23:34] esuvari : BitMEX_Greg: yes, I understand what autodeleverage means now. but I'm very much dissappointed to be honest
[2016-10-11 22:24:37] esuvari : it's basically force-closing positions.
[2016-10-11 22:25:55] esuvari : liquidation in profits in a way.
[2016-10-11 22:27:48] BitMEX_Greg : esuvari: We have aimed to make the autodeleveraging as fair as possible
[2016-10-11 22:28:38] omicron : holy shit what happened to btc price over the last 24 hrs? Looks like someone grabbed it by the pussy
[2016-10-11 22:29:04] BitMEX_Greg : lol
[2016-10-11 22:29:14] BitMEX_Greg : Catchphrase of the year
[2016-10-11 22:30:45] jtrade26381 : last time BTC rallied bitmex had to change rules on the fly. hypothetically, would bitmex need to change any rules again this time if we go straight to $1000?
[2016-10-11 22:31:02] esuvari : so liquidated contracts don't go in the orderbook anymore, do I understand correctly?
[2016-10-11 22:31:11] omicron : jtrade26381: yes, they would need to grab the swap by the pussy
[2016-10-11 22:31:48] jtrade26381 : omicron: or traders by the balls
[2016-10-11 22:32:09] omicron : well yea, if it worked for trump...
[2016-10-11 22:32:45] justinlooking : jtrade26381: what could they change? Increase funding rate cap?
[2016-10-11 22:33:04] esuvari : instead of allowing some new trader to buy liquidated contracts off the market, you forcefully make winning positions to buy them
[2016-10-11 22:33:17] BitMEX_Greg : jtrade26381: Unlikely, there are always going to be a few kinks that need to be worked out. We believe that our risk limit system, funding system and ADL system are well prepared for any extreme volatile movements.
[2016-10-11 22:33:30] omicron : no funding will shoot up or market makers will be pissed
[2016-10-11 22:33:37] BitMEX_Greg : esuvari: Liquidations will still enter orderbook first before deleveraging other positions
[2016-10-11 22:34:08] jtrade26381 : BitMEX_Greg: thanks
[2016-10-11 22:34:09] esuvari : how long do they stay there? when does the deleveraging other positions take place?
[2016-10-11 22:34:57] esuvari : when the price movement is too fast and it gets lost deep in the orderbook I imagine?
[2016-10-11 22:36:17] j8 : insurance fund will be depleted first to move liqs into the book. but, we still can't see the insurance per contract
[2016-10-11 22:36:19] BitMEX_Greg : esuvari: Deleveraging occurs when the mark price drops to the bankruptcy price
[2016-10-11 22:36:43] BitMEX_Greg : j8: Its in development to provide more details about the insurance fund per contract
[2016-10-11 22:37:32] j8 : been on the list long enough imo
[2016-10-11 22:39:43] esuvari : what is the bankruptcy price?
[2016-10-11 22:41:02] BitMEX_Greg : esuvari: The price at which the liquidated position's margin is equal to 0
[2016-10-11 22:43:58] sleger : BitMEX_Greg: hey maybe you could give us a current breakdown of the insurance fund per contract while we wait for that development to be finished ?
[2016-10-11 22:44:48] wurstgelee : how hard can it be to develop that overview anyways?.... ;)
[2016-10-11 22:44:57] wurstgelee : if all data is available
[2016-10-11 22:51:16] BitMEX_Greg : sleger: I don't have access to that information
[2016-10-11 22:51:35] sleger : no worries
[2016-10-11 22:51:44] sleger : I feel like noone else does :p
[2016-10-11 23:08:41] wurstgelee : aaand the woodchipper made a new high
[2016-10-11 23:08:44] wurstgelee : ;)
[2016-10-11 23:14:35] justinlooking : afraid to go to sleep
[2016-10-11 23:16:09] BitMEX_Greg : justinlooking: Freddy Krueger isn't real..
[2016-10-11 23:27:34] REKT : Liquidated long on `REP7D`: Sell 60 @ 0.008821
[2016-10-11 23:46:22] Rado : lol BitMEX_Greg
[2016-10-12 00:17:15] messiaen8844 : GBPUSD :D :D :D :D
[2016-10-12 00:17:42] messiaen8844 : Augur to 0.006, nice fibo extension 100%
[2016-10-12 01:25:28] omicron : bitmex, aren't you worried about regulators in EU coming after you?
[2016-10-12 01:25:33] omicron : or other countries
[2016-10-12 01:52:51] REKT : Liquidated short on `XMR7D`: Buy 100 @ 0.011875
[2016-10-12 01:59:34] mjones : etc down a bunch
[2016-10-12 02:01:20] mjones : 337 BTC holding the price up
[2016-10-12 02:05:51] REKT : Liquidated long on `XBJ7D`: Sell 1500 @ 66259
[2016-10-12 02:06:05] mjones : holy shit
[2016-10-12 02:06:06] mjones : 100x
[2016-10-12 02:06:06] chromaticcr1 : more fomo in XBTUSD with 100x
[2016-10-12 02:06:12] chromaticcr1 : great
[2016-10-12 02:06:31] mjones : only thing that'll suck is paying the funding fee
[2016-10-12 02:07:10] messiaen8844 : Existing contracts still 50x?
[2016-10-12 02:07:13] jose : it means 13% at 100x lol
[2016-10-12 02:07:36] BitMEX_Arthur : messiaen8844: Whatever leverage you had selected will not change, but you now have the option for 100x
[2016-10-12 02:07:37] messiaen8844 : casino opened
[2016-10-12 02:07:46] messiaen8844 : right, thanks arthur
[2016-10-12 02:11:42] mjones : watch everyone on 100x gets auto closed in profit during a pump or dump and miss out on profit
[2016-10-12 02:12:37] jose : you dont understand, the profit you miss out is money that doesnt exist
[2016-10-12 02:12:38] omicron : its called adl @mjones
[2016-10-12 02:12:44] BitMEX_Wally : mjones: If they get ADL on a pump and dump then they would be closed out at a profit
[2016-10-12 02:13:02] omicron : its just less profit
[2016-10-12 02:13:27] jose : less porift only if it continues to pump
[2016-10-12 02:13:41] omicron : BitMEX_Wally: you dont have any regulatory pressure from EU countries?
[2016-10-12 02:14:10] BitMEX_Wally : omicron: We're not in the EU
[2016-10-12 02:15:13] omicron : BitMEX_Wally: So then you are not subject to EU regs? But you are not in US either, why dont you take US users
[2016-10-12 02:17:27] BitMEX_Wally : The CFTC asserts extra-territorial jurisdiction over non-US companies
[2016-10-12 02:17:46] omicron : ah... im guessing EU does not?
[2016-10-12 02:49:22] omicron : I hope you guys have legal guidance on accepting EU citizens. Could get messy
[2016-10-12 03:07:22] mjones : end of etc? short it to the ground
[2016-10-12 03:26:28] omicron : can anyone who got ADL'd tell me their experience.
[2016-10-12 03:26:38] omicron : was it good or bad
[2016-10-12 03:29:01] omicron : were there a lot of them during the move up? whats the % risk of ADL on a move up like that? this would help me greatly to trade
[2016-10-12 03:31:12] omicron : BitMEX_Wally: can you help me? what is the percent of contracts that got ADL on the big move up
[2016-10-12 03:31:16] omicron : approx
[2016-10-12 03:33:15] BitMEX_Wally : omicron: ADL has only occurred on ZECZ16
[2016-10-12 03:33:43] omicron : impressive. So no ADL on XBT. this is very encouraging
[2016-10-12 03:33:59] BitMEX_Wally : ADL will be as rare as DPE, which occurred about once every 3 months on XBTUSD
[2016-10-12 03:34:53] omicron : oh ya, thats why i asked coz of the big move
[2016-10-12 03:35:07] omicron : i know normal moves dont trigger this
[2016-10-12 03:36:17] j8 : well, DPE often showed some %, which was cleared before rebalance. these would be ADL events right. so not as rare
[2016-10-12 03:38:02] jtrade26381 : 100X - wait a sec r u tryn 2 liquidate me again
[2016-10-12 03:51:14] chromaticcr1 : nah, the liquidate level is still at 0.5% mm
[2016-10-12 04:51:35] REKT : Liquidated long on `XBJ24H`: Sell 17 @ 65876
[2016-10-12 04:51:47] REKT : Liquidated long on `XBTUSD`: Sell 300 @ 633.82
[2016-10-12 04:52:04] chromaticcr1 : *poof*
[2016-10-12 06:09:37] webcaetano : im lost
[2016-10-12 06:13:12] Tetsuo : get used to it
[2016-10-12 06:16:26] BitMEX_Arthur : webcaetano: https://www.bitmex.com/app/tradingOverview
[2016-10-12 06:16:34] BitMEX_Arthur : take a look at that to get stsrted
[2016-10-12 06:16:43] BitMEX_Arthur : started
[2016-10-12 06:16:48] webcaetano : hmm
[2016-10-12 06:17:33] webcaetano : actually im looking for founding. the FAQ's dont look very clear about that
[2016-10-12 06:18:05] BitMEX_Arthur : webcaetano: https://www.bitmex.com/app/aboutUs
[2016-10-12 06:18:38] webcaetano : sorry. arthur.
[2016-10-12 06:18:49] webcaetano : im not meaning the founding members.
[2016-10-12 06:19:11] webcaetano : but something more like founding the margin trade (lending)
[2016-10-12 06:19:45] BitMEX_Arthur : You can't engage in margin lending like on Bitfinex. We do have swap contracts where you can earn funding depending on your position.
[2016-10-12 06:20:12] webcaetano : ok
[2016-10-12 06:20:18] BitMEX_Arthur : https://www.bitmex.com/app/swapsGuide
[2016-10-12 06:20:22] BitMEX_Arthur : Check that out
[2016-10-12 06:20:27] webcaetano : thanks
[2016-10-12 06:27:37] wurstgelee : bitmex is great when used on mobile btw. no other exchange gets even close to this level of usability, responsiveness and speed.
[2016-10-12 06:28:03] wurstgelee : //2 cents on my way to work
[2016-10-12 06:37:24] BitMEX_Arthur : Our CTO Sam is a bad ass
[2016-10-12 06:51:38] omicron : CEO is ?
[2016-10-12 07:36:10] wurstgelee : omicron: u just asked him
[2016-10-12 07:36:13] wurstgelee : ;)
[2016-10-12 07:45:42] omicron : wurstgelee: i meant what kind of ass is CEO if CTO is the bad kind
[2016-10-12 07:54:26] omicron : holy crap bitmex vol beat btc-e
[2016-10-12 08:00:29] BitMEX_Wally : https://cointelegraph.com/images/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9lZTg0NThlMGM1MzA2NWE4NjhiZjE0YmEyNzZiM2U1NS5wbmc=.jpg
[2016-10-12 08:05:42] rapidtrades : omicron: ur welcome
[2016-10-12 08:28:00] medpex : Hello, is the market maker bot only for testnet BitMEX or i can change it for BitMEX ?
[2016-10-12 08:36:02] BitMEX_Arthur : medpex: Yes you can use for BitMEX
[2016-10-12 08:51:26] medpex : hmm i have 2 error... Handshake status 301 and couldn´t connect to WS! Exiting ?!
[2016-10-12 08:53:07] BitMEX_Arthur : medpex: Send over a support ticket with your specific errors and someone can help you
[2016-10-12 08:53:27] medpex : ok thank you :)
[2016-10-12 09:05:18] justinlooking : medpex: what's ur BASE_URL in settings.py?
[2016-10-12 09:07:35] medpex : justinlooking: https:// bitmex.com/api/v1
[2016-10-12 09:08:10] justinlooking : add `www.`
[2016-10-12 09:09:39] justinlooking : and trailing fwd slash after v1
[2016-10-12 09:10:16] justinlooking : it's commented in default ocnfig: https://github.com/BitMEX/sample-market-maker/blob/master/market_maker/_settings_base.py#L10
[2016-10-12 09:11:07] medpex : ahh ok ... thank you :)
[2016-10-12 11:03:55] medpex : justinlooking: me again ... when i start the bot with DRY_RUN=False i have this error: Login information or API Key incorrect, please check and restart (the API key is 100% right) this request hast expired - "expires" is in the past. current time 1476269995
[2016-10-12 11:08:19] BitMEX_Wally : medpex: Your system clock is wrong
[2016-10-12 11:08:27] BitMEX_Wally : Set it using ntp
[2016-10-12 11:16:57] justinlooking : medpex: iirc server/client clock skew cannot be more than 5 secs
[2016-10-12 11:17:36] justinlooking : is defined here : https://github.com/BitMEX/sample-market-maker/blob/master/market_maker/auth/APIKeyAuthWithExpires.py#L28
[2016-10-12 11:18:48] BitMEX_Wally : medpex: If you are on Linux/Mac you can run `ntpdate -q time.apple.com`
[2016-10-12 11:29:28] medpex : ok thank you i will test it
[2016-10-12 11:48:04] medpex : It works...thank you for support !!! :)
[2016-10-12 11:54:31] Airmike : BitMEX_Wally: could you tell me where can I find whole history of my trades, please
[2016-10-12 11:54:59] Airmike : i see only last two days.
[2016-10-12 11:56:10] justinlooking : Airmike: https://github.com/BitMEX/easy-data-scripts
[2016-10-12 11:57:07] Airmike : thanks :)
[2016-10-12 11:57:58] Airmike : I was wondering it will be somewhere in platform for ordinary users :)
[2016-10-12 12:03:45] justinlooking : well u can go https://github.com/BitMEX/easy-data-scripts
[2016-10-12 12:05:33] justinlooking : sry: https://www.bitmex.com/app/tradeHistory and save csv, next page, save csv, next page ....
[2016-10-12 12:06:48] justinlooking : thendepends how many trades you have concat files together
[2016-10-12 12:16:01] zanza : There should be option to save complete history in CSV, instead of having to seprate for each page
[2016-10-12 12:19:09] justinlooking : maybe if u email support@bitmex they can do a dump for you
[2016-10-12 12:24:10] jeeburns : Question, how does my realized profit PNL go down when I haven't done anything. I haven't closed my order. Is there some kind of fee for keeping an order open for a certain length of time or am I missing something? thanks
[2016-10-12 12:24:57] sleger : every 8 hours there is a fee
[2016-10-12 12:25:04] justinlooking : on swaps, funding affects realised pnl
[2016-10-12 12:25:29] jeeburns : any idea on what the fee is?
[2016-10-12 12:26:11] justinlooking : it's the period's funding rate
[2016-10-12 12:26:46] BitMEX_Wally : Historical funding rates can be found here: https://www.bitmex.com/app/fundingHistory
[2016-10-12 12:26:51] jeeburns : oh ok, at the top where it says .09%
[2016-10-12 12:26:57] jeeburns : ok I'll take a look thanks
[2016-10-12 12:27:33] BitMEX_Wally : Yes, the Contact Details for XBTUSD says "Funding Rate 0.0909% in 8 hours"
[2016-10-12 12:27:34] justinlooking : that's the next one, we just had 0.1567%
[2016-10-12 12:27:58] justinlooking : *-0.1567
[2016-10-12 12:28:22] jeeburns : K get it thanks. Then initial fee for opening an order with btc is?
[2016-10-12 12:28:35] BitMEX_Wally : https://www.bitmex.com/app/fees
[2016-10-12 12:28:36] sleger : maker/taker fee
[2016-10-12 12:28:51] REKT : Liquidated long on `XRP7D`: Sell 825000 @ 0.00001211
[2016-10-12 12:28:54] justinlooking : what u think of eth sleger
[2016-10-12 12:29:04] sleger : im long long term
[2016-10-12 12:31:13] justinlooking : ethbtc or ethusd?
[2016-10-12 12:31:51] justinlooking : guess both are implied... ignore me
[2016-10-12 12:34:46] sleger : yes both
[2016-10-12 12:38:31] sleger : BitMEX_Wally: I think it would be better to have monthly futures than weekly for ETC, XMR, REP, XRP
[2016-10-12 12:39:30] jeeburns : deff agree ^
[2016-10-12 12:44:02] justinlooking : https://imgur.com/a/1A705
[2016-10-12 13:14:25] habibi : what if funding will be bigger then collateral on 100x ?
[2016-10-12 13:17:16] Kalman : guess if funding reduces funds below maintenance margin one gets liquidated
[2016-10-12 13:19:03] BitMEX_Wally : The funding rate is capped at 75% of initial margin
[2016-10-12 13:19:55] BitMEX_Wally : And it cannot increase by more than 75% of maintenance margin at a time
[2016-10-12 13:20:07] BitMEX_Wally : So you won't be liquidated by the funding, but the mark price will decay and that can liquidate you
[2016-10-12 13:21:18] sleger : " sleger: BitMEX_Wally: I think it would be better to have monthly futures than weekly for ETC, XMR, REP, XRP"
[2016-10-12 13:26:26] BitMEX_Wally : It was noted :)
[2016-10-12 13:27:56] lockhedge : BitMEX_Wally: swap guide says funding rate is capped at `0.75 * (Initial Margin - Maintenance Margin)`, did you change this to `0.75 * Initial Margin`
[2016-10-12 13:28:34] BitMEX_Wally : Sorry, the documents are correct
[2016-10-12 13:29:44] BitMEX_Wally : So the funding rate for XBTUSD is now capped at 0.375% per 8 hours
[2016-10-12 13:31:48] lockhedge : ok, thanks for clarifying
[2016-10-12 13:54:09] chromaticcr1 : I wonder 1.125%/day would be sufficient for relieving premium when crazy time comes (like June Aug)
[2016-10-12 13:56:51] sleger : it's also weird that the leverage dictates what the max funding rate is and not the other way around
[2016-10-12 14:02:02] sleger : And I see a simple solution for this.
[2016-10-12 14:16:16] jung1 : http://blog.bitfinex.com/announcements/bitfinex-recovery-right-tokens/
[2016-10-12 14:16:29] jung1 : time to buy some bitfinex tokens
[2016-10-12 14:28:31] RocketScience : 0.375%*100 leverage =37,5% of your margin if price doesn't move
[2016-10-12 14:28:39] RocketScience : that's why it's capped
[2016-10-12 14:46:01] justinlooking : wtf is that
[2016-10-12 14:46:07] justinlooking : b&
[2016-10-12 14:46:21] justinlooking : is that u monkeying about medpex?
[2016-10-12 14:52:31] lockhedge : blockchain.info has been DNS hijacked https://www.reddit.com/r/Bitcoin/comments/573lis/it_looks_like_blockchaininfo_has_been_dns_hijacked/
[2016-10-12 15:03:44] sleger : so glad i stopped using them as wallet
[2016-10-12 15:08:07] RocketScience : What happens at settlement if orderbook is empty? (supposing)
[2016-10-12 15:08:49] BitMEX_Sam : RocketScience: Nothing, we settle on the Mark Price, which is generally the most liquid underlying spot market
[2016-10-12 15:09:13] BitMEX_Sam : If it were indeed a Last Price contract, which we don't run anymore, in that case it would settle on the last traded price
[2016-10-12 15:09:21] RocketScience : So I get the unrealised PNL based on spot market?
[2016-10-12 15:09:28] sleger : zcash isnt one last price contract ?
[2016-10-12 15:09:56] BitMEX_Sam : sleger: It will convert to Mark before settlement
[2016-10-12 15:10:00] BitMEX_Sam : RocketScience: Yes
[2016-10-12 15:10:20] sleger : if it's not live then, will you change the expiry date ?
[2016-10-12 15:12:11] BitMEX_Arthur : sleger: We do have a contingency, we will send an announcement and update the docs shortly with what happens in the event it doesn't list by the expiry day.
[2016-10-12 15:12:31] sleger : ok cool, thanks
[2016-10-12 15:33:22] REKT : Liquidated long on `XBTUSD`: Sell 2000 @ 636.37
[2016-10-12 15:39:54] RocketScience : giant short on xbtusd
[2016-10-12 17:05:17] REKT : Liquidated long on `XBTUSD`: Sell 400 @ 635.41
[2016-10-12 17:07:53] REKT : Liquidated long on `XBTUSD`: Sell 7 @ 634.89
[2016-10-12 17:07:53] REKT : Liquidated long on `XBTUSD`: Sell 18 @ 634.66
[2016-10-12 17:07:53] REKT : Liquidated long on `XBTUSD`: Sell 200 @ 634.91
[2016-10-12 17:18:36] wurstgelee : RocketScience: here?
[2016-10-12 17:20:38] RocketScience : yes
[2016-10-12 17:20:48] RocketScience : still alive :)
[2016-10-12 17:21:47] RocketScience : https://www.dailyfx.com/usd-cnh
[2016-10-12 17:22:01] RocketScience : Cny is bottomed...if it moves lower against the dollar...
[2016-10-12 17:24:02] MCT : where does mark price come from?
[2016-10-12 17:24:23] sleger : Mark, he is one of the admin here
[2016-10-12 17:24:43] MCT : I am talking about mark price
[2016-10-12 17:25:07] justinlooking : it's a very english name
[2016-10-12 17:25:08] wurstgelee : MCT: what does the hover-tooltip tell you?
[2016-10-12 17:25:09] sleger : It's the price that Mark enters, that's why it's called mark price
[2016-10-12 17:25:41] BitMEX_Greg : MCT: Hi I can help you
[2016-10-12 17:25:50] justinlooking : don't trust him
[2016-10-12 17:26:00] wurstgelee : MCT: click on the mark price for further info. it's that simple
[2016-10-12 17:26:06] MCT : BitMEX_Greg: How is Mark price calculated?
[2016-10-12 17:26:14] wurstgelee : what i just wrote
[2016-10-12 17:26:19] BitMEX_Greg : MCT: The Mark price is set most commonly by the Fair Price Marking method (please see https://www.bitmex.com/app/fairPriceMarking).
[2016-10-12 17:26:40] BitMEX_Greg : In short: we use the index price +/- some adjustment
[2016-10-12 17:27:00] sleger : ^ he gives the Greg price, it's usually not too different from Mark's price
[2016-10-12 17:27:08] sleger : got it now ? @MCT
[2016-10-12 17:27:13] MCT : BitMEX_Greg: thats what i wanted to know thanks
[2016-10-12 17:27:50] BitMEX_Greg : no problem
[2016-10-12 17:27:56] sleger : if you have any other questions, please do hesitate
[2016-10-12 17:28:11] wurstgelee : :)
[2016-10-12 17:28:19] justinlooking : trullz
[2016-10-12 17:28:41] MCT : BitMEX_Greg: I just see Mark price way below normal indexes
[2016-10-12 17:28:59] BitMEX_Greg : MCT: Which product are you referring to
[2016-10-12 17:29:06] arbitrage001 : MCT: buy it, baby
[2016-10-12 17:29:09] MCT : XBT
[2016-10-12 17:29:14] arbitrage001 : btc at discount
[2016-10-12 17:29:36] BitMEX_Greg : MCT: Right now the index price is 635.63 and the mark price is 635.81
[2016-10-12 17:29:55] MCT : BitMEX_Greg: where can i see that index?
[2016-10-12 17:29:57] BitMEX_Greg : -0.03%
[2016-10-12 17:30:01] RocketScience : Btc moving in china right now
[2016-10-12 17:30:07] sleger : it's because there is no finex price
[2016-10-12 17:30:08] wurstgelee : BitMEX_Greg: the real question he wanted to ask is: why is mark below finex?
[2016-10-12 17:30:11] wurstgelee : =)
[2016-10-12 17:30:16] sleger : answer jsut above
[2016-10-12 17:30:23] wurstgelee : sleger: ofc
[2016-10-12 17:30:25] BitMEX_Greg : MCT: https://www.bitmex.com/app/trade/XBTUSD then look on the left hand side under Contract Details: XBTUSD
[2016-10-12 17:30:40] BitMEX_Greg : You will see 3 prices , one is the last price (top), the left is the Index Price, the right is the Mark Price
[2016-10-12 17:30:47] RocketScience : Google kaiko btc index
[2016-10-12 17:30:55] BitMEX_Greg : if you click on the left price you will get: https://www.bitmex.com/app/index/.XBT
[2016-10-12 17:31:04] BitMEX_Greg : Which is the Kaiko BitMEX index price
[2016-10-12 17:31:06] sleger : just tell him there is no finex that's all he wanted to understand
[2016-10-12 17:31:11] wurstgelee : sleger: :D :D :D
[2016-10-12 17:31:12] RocketScience : it 's made of 50% bitstamp usd and 50% ok.coin USD
[2016-10-12 17:31:36] BitMEX_Greg : MCT: The Kaiko BitMEX index can be seen here: https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwjztbzg5dXPAhXEPT4KHWWjDkAQFggcMAA&url=https%3A%2F%2Fwww.kaiko.com%2Fbitmex&usg=AFQjCNHkmoyxjQw_j_ukfJDY4mYMRsnUPg&bvm=bv.135475266,d.cWw
[2016-10-12 17:31:46] arbitrage001 : dangerous to trade here if he is asking the question
[2016-10-12 17:31:46] RocketScience : it was 33,33,33 but finex got removed
[2016-10-12 17:31:51] sleger : I'll try to remember that url for next time
[2016-10-12 17:32:01] BitMEX_Greg : ahh rather https://www.kaiko.com/bitmex
[2016-10-12 17:32:16] BitMEX_Greg : sleger: lol
[2016-10-12 17:32:56] MCT : BitMEX_Greg: and that index is based on which exchanges? i am just new here and want to understand
[2016-10-12 17:33:24] BitMEX_Greg : MCT: https://www.kaiko.com/bitmex will show you that it is currently comprised of 50% Bitstamp and 50% OkCoin USD
[2016-10-12 17:33:27] sleger : read above
[2016-10-12 17:33:33] arbitrage001 : MCT: mark and index shouldnt matter much to your trading strategy
[2016-10-12 17:33:34] RocketScience : Ok.coin*
[2016-10-12 17:33:36] wurstgelee : u can all safely go long now, btc will repeat yesterday. dont forget to close in ~6h
[2016-10-12 17:33:39] wurstgelee : ;)
[2016-10-12 17:33:43] lockhedge : next question: where do the exchanges get the price from?
[2016-10-12 17:33:52] wurstgelee : lockhedge: from MArk
[2016-10-12 17:33:55] wurstgelee : *Mark
[2016-10-12 17:34:02] arbitrage001 : lockhedge: good question. i like to know also
[2016-10-12 17:34:34] BitMEX_Greg : Kaiko uses last price I believe
[2016-10-12 17:34:35] MCT : Guys, i am just trying to understand fully the operations of this site. Better understanding, better trading
[2016-10-12 17:34:58] arbitrage001 : like to know which authority regulate btc rate
[2016-10-12 17:34:59] sleger : Less reading the docs, more stupider questions
[2016-10-12 17:34:59] BitMEX_Greg : MCT: There is a reason why this is called the Trollbox,
[2016-10-12 17:35:07] RocketScience : i paid 1 btc in losses to understand it xD
[2016-10-12 17:35:11] wurstgelee : MCT: better understanding comes with better reading ;)
[2016-10-12 17:35:21] sleger : wurstgelee: i beat you to it
[2016-10-12 17:35:25] wurstgelee : :D
[2016-10-12 17:35:38] RocketScience : didn't take time to learn what rekt me before...like giant fundings on 50x long
[2016-10-12 17:36:05] sleger : wrong username then
[2016-10-12 17:36:30] MCT : ok guys...thanks for the heads up. lol
[2016-10-12 17:36:39] wurstgelee : he is iterating to learn. proper scientific method
[2016-10-12 17:36:55] arbitrage001 : trial and error
[2016-10-12 17:37:02] arbitrage001 : on 50x
[2016-10-12 17:37:14] arbitrage001 : should speed up your learning curce by 50?
[2016-10-12 17:37:19] arbitrage001 : curve
[2016-10-12 17:37:22] wurstgelee : it doesnt
[2016-10-12 17:37:24] BitMEX_Greg : arbitrage001: 100x now
[2016-10-12 17:37:28] wurstgelee : ;)
[2016-10-12 17:37:43] wurstgelee : i learned a lot @ 100x tho. like better not press the wrong button
[2016-10-12 17:38:05] RocketScience : if the price stays the same and you are long, the liquidation price starts to slowly creep up and then you get rekt on 8 cents price difference. Then price was never lower again
[2016-10-12 17:38:07] wurstgelee : if u want to catch a knife in a dump, better not press sell oO
[2016-10-12 17:39:18] RocketScience : you have to watch forex too on jpy contracts
[2016-10-12 17:39:43] RocketScience : btc got a 1% boost in jpy because off 1% devaluation of jpy against usd
[2016-10-12 17:40:09] arbitrage001 : RocketScience: big change on the forex rate
[2016-10-12 17:40:38] arbitrage001 : jap central bank trying to destroy their own economic system?
[2016-10-12 17:40:45] RocketScience : Kuroda(central banker) had an interview today
[2016-10-12 17:40:58] RocketScience : his phone rang and he said i don't know how to turn it off
[2016-10-12 17:41:19] RocketScience : and the interviewer remarked he didn't know how to turn off money printers either hahaha
[2016-10-12 17:41:53] arbitrage001 : just let all the zombies go bankrupt
[2016-10-12 17:42:06] arbitrage001 : raise the interest rate to 8-10%
[2016-10-12 17:42:09] BitMEX_Greg : RocketScience: haha wow
[2016-10-12 17:47:46] MCT : BitMEX_Greg: So i can understand this better, position get liquidated if Mark price falls below liq price?
[2016-10-12 17:48:55] sleger : no
[2016-10-12 17:49:13] sleger : if you are short it's clearly not the case
[2016-10-12 17:49:20] BitMEX_Greg : MCT: Yes, once the mark price falls below your liquidation price then you will get liquidated
[2016-10-12 17:50:06] sleger : 635.95 100000000.00
[2016-10-12 17:50:26] sleger : these are my mark price and my liq price, I believe that 635.95 < 100000000 yet I am not liquidated
[2016-10-12 17:51:30] BitMEX_Greg : * when the mark price falls below the liquidation price if you are long. In sleger's case he is short, so if the mark price rises above his liquidation price then he will be liquidated
[2016-10-12 17:51:46] RocketScience : Sleger whaling
[2016-10-12 17:52:45] BitMEX_Greg : RocketScience: Wait for sleger to remind everyone here that he is only trading 10% of what he used to trade, as he seems to keep doing on a daily basis now
[2016-10-12 17:53:48] sleger : only on request though, but since you seem to have been waiting for it : I only trade 10% of what I otherwise would currently (not exactly what I used to trade)
[2016-10-12 17:53:59] BitMEX_Greg : haha
[2016-10-12 17:54:21] RocketScience : Is the market maker an independent person?
[2016-10-12 17:54:33] jung1 : yes
[2016-10-12 17:54:37] BitMEX_Greg : RocketScience: Yes they are an independant company
[2016-10-12 17:54:56] arbitrage001 : BitMEX_Greg: real company?
[2016-10-12 17:55:04] wurstgelee : nope, fantasy
[2016-10-12 17:55:06] arbitrage001 : or random people like us
[2016-10-12 17:55:13] mjones : XBJ 7 day market maker changed from 2000 contracts to 6000 contracts. Yay thank you.
[2016-10-12 17:55:23] RocketScience : What if everyone goes long bitoin and bitc price goes to 1 million? how will they cover? :D
[2016-10-12 17:55:24] BitMEX_Greg : arbitrage001: Real company.
[2016-10-12 17:55:54] wurstgelee : RocketScience: ADL will close everyone out before we even get close to 1m
[2016-10-12 17:55:55] wurstgelee : ;)
[2016-10-12 17:55:59] sleger : we will all get ADLed
[2016-10-12 17:56:03] wurstgelee : ha
[2016-10-12 17:56:13] RocketScience : It's probably profitable for them. They aren't even leveraged probably 1:1
[2016-10-12 17:56:19] jung1 : btw what is you predictions about those price moves?
[2016-10-12 17:56:25] wurstgelee : up and down
[2016-10-12 17:56:36] arbitrage001 : jung1: all alt coin seem to be going down
[2016-10-12 17:56:54] arbitrage001 : i made the mistake of going long on eth
[2016-10-12 17:57:51] jung1 : its normal when btc go up
[2016-10-12 17:58:47] wurstgelee : arbitrage001: https://coinmarketcap.com/charts/
[2016-10-12 17:58:59] justinlooking : so did we get to bottom of the screwy ADL Examples page?
[2016-10-12 17:59:04] wurstgelee : combined alt marketcap hasnt moved much yet
[2016-10-12 17:59:33] arbitrage001 : wurstgelee: eth is making up 50% of the market cap of all alt?
[2016-10-12 17:59:51] BitMEX_Greg : justinlooking: I need to review it, think there may be an error there from when we overhauled the docs recently
[2016-10-12 18:00:18] wurstgelee : arbitrage001: a little less. but yes
[2016-10-12 18:00:40] arbitrage001 : wurstgelee: maybe i should short it rather than long it
[2016-10-12 18:00:57] wurstgelee : eth? or btc?
[2016-10-12 18:01:01] arbitrage001 : no alt coin have ever last longer than a year to date
[2016-10-12 18:01:03] arbitrage001 : eth
[2016-10-12 18:01:17] arbitrage001 : in term of boom bust cycle
[2016-10-12 18:01:22] BitMEX_Greg : what about ltc?
[2016-10-12 18:01:26] wurstgelee : eth is prob different than any other alt.
[2016-10-12 18:01:32] wurstgelee : ltc is rockcoin
[2016-10-12 18:01:34] arbitrage001 : BitMEX_Greg: ltc has busted
[2016-10-12 18:01:48] arbitrage001 : market cap on ltc was a lot higher
[2016-10-12 18:01:59] arbitrage001 : i remember it trading over 40 usd
[2016-10-12 18:01:59] jung1 : wurstgelee: Bitcoin Percentage of Total Market Capitalization - that chart is really interesting'
[2016-10-12 18:02:01] BitMEX_Greg : ok I see your point
[2016-10-12 18:02:09] wurstgelee : jung1: it is :)
[2016-10-12 18:02:12] BitMEX_Greg : I think ETH will survive
[2016-10-12 18:02:24] BitMEX_Greg : It's getting a lot of interest from non-bitcoin/blockchain companies
[2016-10-12 18:02:51] jung1 : so no chain to rule them all?
[2016-10-12 18:05:40] RocketScience : https://forum.bitcoin.com/ama-ask-me-anything/i-am-arthur-hayes-ceo-of-bitmex-ask-me-anything-t11523.html#p33711
[2016-10-12 18:09:35] jung1 : We started the company in January 2014. We took a small amount of money (<US$200k) in the form of convertible notes from friends and family. We have not taken any institutional VC money
[2016-10-12 18:10:20] jung1 : imo if you will offer some kinds of bitmexshares that will payout everyday some % of all fees you could be rich
[2016-10-12 18:10:35] jung1 : + another market BMSHRS/USD
[2016-10-12 18:11:49] arbitrage001 : bitcoin.com is owned by roger ver?
[2016-10-12 18:17:04] BitMEX_Greg : arbitrage001: I believe it is, or he is a major shareholder of the company
[2016-10-12 18:20:03] arbitrage001 : nice to be an early btc adopter
[2016-10-12 18:25:42] jung1 : http://www.bitcoinrichlist.com/top100
[2016-10-12 18:25:43] jung1 : yeah
[2016-10-12 18:26:21] jung1 : new wealthy elite
[2016-10-12 18:34:31] justinlooking : that list is not correct
[2016-10-12 18:35:14] jung1 : winklewoss are badass. The twins once bragged that they owned 1% of all bitcoin, which, as of early 2016, amounts to approximately 1.5 million bitcoins.
[2016-10-12 18:36:01] jung1 : it have to be strange feeling that with every $1 price moves your are 1mln richer
[2016-10-12 18:36:18] BitMEX_Greg : or poorer
[2016-10-12 18:36:31] justinlooking : jung1: r u eve math dude
[2016-10-12 18:36:41] Teddy76 : jung1: are you sure of your math?
[2016-10-12 18:37:18] BitMEX_Greg : only 21m Bitcoin to be ever mined
[2016-10-12 18:37:31] BitMEX_Greg : 1% of that would be 210k Bitcoin
[2016-10-12 18:37:53] justinlooking : greg do u even research!
[2016-10-12 18:38:40] BitMEX_Greg : justinlooking: What do you mean
[2016-10-12 18:39:48] jung1 : they said that in early '16
[2016-10-12 18:39:56] jung1 : not in 2040
[2016-10-12 18:40:17] justinlooking : almost 16mln in circ. afaik, they werent claiming 210k, more liek 150-
[2016-10-12 18:42:40] BitMEX_Greg : Yeah I know that, I'm just pointing out that even under the full amount of Bitcoin you could never get to 1.5m by holding just 1%
[2016-10-12 18:43:05] BitMEX_Greg : It's approx 16.5m or so now?
[2016-10-12 18:43:14] justinlooking : ah sry, jumped gun
[2016-10-12 18:43:15] sleger : jung1 doesnt obey the same laws of logic
[2016-10-12 19:00:41] jung1 : yeah its too boring to have same laws
[2016-10-12 19:14:11] jung1 : https://cointelegraph.com/news/ceo-of-decent-we-raised-over-5500-btc-half-way-into-ico
[2016-10-12 19:24:02] BTCDJS : In laws
[2016-10-12 19:24:10] BTCDJS : theyre the worst kind
[2016-10-12 19:27:34] jung1 : https://bnktothefuture.com/pitches/megaupload-2-bitcache/ dotcom run own ico
[2016-10-12 19:27:57] jung1 : will be funny in '17
[2016-10-12 19:39:03] BTCDJS : He's a joke
[2016-10-12 20:16:07] REKT : Liquidated long on `XBJ24H`: Sell 100 @ 66405
[2016-10-12 20:26:28] RocketScience : OMG, will 4300 cny survive
[2016-10-12 20:28:31] Tetsuo : nice spike on ETH
[2016-10-12 20:29:27] RocketScience : alts go up now
[2016-10-12 20:31:07] REKT : Liquidated short on `ETHXBT`: Buy 5 @ 0.01891
[2016-10-12 20:31:07] REKT : Liquidated short on `ETHXBT`: Buy 16 @ 0.01890
[2016-10-12 20:34:49] arbitrage001 : nice!
[2016-10-12 20:34:54] arbitrage001 : like to get rid of all my eth
[2016-10-12 20:39:07] RocketScience : i bought cheap btcusd with 100x leverage hehehe
[2016-10-12 20:39:19] RocketScience : watch me get rekt :P
[2016-10-12 20:39:48] RocketScience : I think it was woodchipper panic. chop chop
[2016-10-12 20:40:37] arbitrage001 : chat saying etf got delayed
[2016-10-12 20:40:40] arbitrage001 : maybe that is the reason
[2016-10-12 20:40:59] arbitrage001 : you shouldnt use high leverage to trade anyway
[2016-10-12 20:43:57] RocketScience : true
[2016-10-12 20:44:14] RocketScience : i am using my previous gains only
[2016-10-12 20:47:56] wurstgelee : 631-632 seemed like a good entry for long ;)
[2016-10-12 20:47:58] wurstgelee : for now
[2016-10-12 20:48:01] RocketScience : everyone expected delay, but it's a letdown anyway
[2016-10-12 20:48:46] RocketScience : how fast will the amrket maker return to 635 mark price if it stays stable?
[2016-10-12 20:49:15] wurstgelee : ask him ;)
[2016-10-12 20:49:22] Tetsuo : link about etf delay plz
[2016-10-12 20:49:29] wurstgelee : been sub mark for ~5h or sth now
[2016-10-12 20:54:15] arbitrage001 : funding fee will correct it within a day or two
[2016-10-12 20:54:17] RocketScience : https://www.sec.gov/rules/sro/batsbzx.shtml
[2016-10-12 20:54:37] RocketScience : 45 days to go now
[2016-10-12 20:54:51] Tetsuo : RocketScience: thx
[2016-10-12 20:54:56] arbitrage001 : i am long, so the longer the delay to mark price the better
[2016-10-12 20:55:13] arbitrage001 : free money
[2016-10-12 20:57:04] lockhedge : if someone buys 107480 contracts now, discount would be gone
[2016-10-12 20:58:39] supporter : What is etf
[2016-10-12 20:58:59] RocketScience : e trading fund
[2016-10-12 20:59:23] supporter : RocketScience: thnx
[2016-10-12 20:59:27] RocketScience : Exchange-Traded Fund
[2016-10-12 20:59:40] RocketScience : An ETF, or exchange traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund.
[2016-10-12 21:01:50] BitMEX_Greg : So basically its like a stock that tracks the Bitcoin price but you can trade it on an actual exchange (in this case BATS)
[2016-10-12 21:09:58] RocketScience : like paper gold
[2016-10-12 21:10:48] RocketScience : these rich investors could just buy bitcoin directly, who would understand...
[2016-10-12 21:11:45] BitMEX_Greg : It's the convenience of buying an ETF
[2016-10-12 21:12:09] BitMEX_Greg : they dont need to worry about storage, security, dealing with bitcoin exchanges etc
[2016-10-12 21:13:17] RocketScience : I was so excited to see 33x leverage on ETH here that I lost all my money next day xD
[2016-10-12 21:13:50] Tetsuo : go all in again , mage it back within 6 hours -> problem solved
[2016-10-12 21:14:04] RocketScience : when eth was attacked before the Devcon...that spike down killd me :(
[2016-10-12 21:15:41] RocketScience : like playing poker, but you can't bluff here
[2016-10-12 21:55:40] mjones : why is XRP contract increases and decreases 10 and 1
[2016-10-12 21:55:50] mjones : should be like 10,000 and 1,000
[2016-10-12 22:24:52] REKT : Liquidated long on `XBJ24H`: Sell 10 @ 66297
[2016-10-12 22:35:24] RocketScience : Let the fomo consume you
[2016-10-12 22:41:04] RocketScience : Volatility..bitcoin is alive
[2016-10-12 22:41:37] BTCDJS : RocketScience: cccooooorrrnnnnnyyyy
[2016-10-12 22:47:26] mjones : 100x = 3 dollars to rektville
[2016-10-12 22:48:32] RocketScience : 100x =adrenaline shot + no sleep
[2016-10-12 22:54:57] RocketScience : 4300 cny defended by chinese dragons
[2016-10-12 22:56:26] RocketScience : Someone said that leverage leverages your emotions when trading too. So true
[2016-10-12 22:59:56] jordanbitfort : yeah man ive doubled my money here in 10 minutes before then lost it all the same day. didnt make any money but good memories
[2016-10-12 23:01:34] mjones : i shorted 1 contract on 100x xbt to see my liquidation price and my bars are all lit up
[2016-10-12 23:04:10] RocketScience : I have to start ruling my fomo with an iron hand
[2016-10-13 00:32:23] zanza : 100x 45% annual funding =
[2016-10-13 00:32:36] zanza : 4500% returns
[2016-10-13 00:32:51] zanza : what are those whaleclub people complaining about ?
[2016-10-13 00:33:23] sleger : go ahead and explain how you can lock in that return ...
[2016-10-13 00:35:18] zanza : whaleclub complains about funding being too high
[2016-10-13 00:35:31] zanza : they could get getting rich with 100x short!
[2016-10-13 01:45:30] jeeburns : these fees tho
[2016-10-13 01:52:52] REKT : Liquidated short on `ETHXBT`: Buy 200 @ 0.01905
[2016-10-13 02:53:27] REKT : Liquidated short on `XBTUSD`: Buy 1270 @ 635.80
[2016-10-13 04:04:37] chromaticcr1 : zanza: I guess whaleclub will be happy for these 8 hours with long getting 0.15% (164% p/a) on funding ;)
[2016-10-13 06:51:44] Tetsuo : chikun about to fly, soon!
[2016-10-13 07:13:05] bukeyi : Tetsuo: good call!
[2016-10-13 10:47:07] hazir : wondering why the spread in ZECZ16 is getting bigger
[2016-10-13 11:02:21] BitMEX_Wally : micmix: I have created RealisedPNL transactions for everyone, back populated to the launch of ADL.
[2016-10-13 11:18:26] RocketScience : ETC will have to hardfork . The irony
[2016-10-13 11:18:58] wurstgelee : RocketScience: ?
[2016-10-13 11:21:41] RocketScience : they are under the same attack as ethereum. transaction spam. ETH=ETC code wise ;)
[2016-10-13 11:22:43] RocketScience : Every hack of eth can be used on etc. So they have to raise the gas cost of problematic code with hardfork
[2016-10-13 11:23:05] RocketScience : Meanwhile enjoy the btc rally
[2016-10-13 11:54:54] chriz : is ICN going to be included in bitmex?
[2016-10-13 11:58:45] Tetsuo : no
[2016-10-13 12:14:09] chromaticcr1 : where are all the degen in Bitmex lol, all lights lit on 3x leverage
[2016-10-13 12:37:22] RocketScience : 100x long?
[2016-10-13 14:24:11] huangyong : 。
[2016-10-13 14:58:30] sleger : Does Lisk trade more than quantos did ? Why remove quantos and not Lisk ? Why isn't jung1 trading more lisk ?
[2016-10-13 14:58:58] BitMEX_Sam : We actually have been discussing that re: Lisk
[2016-10-13 15:05:44] sleger : I hope jung1 provided you with a reasonable answer as to why he is not trading it more actively
[2016-10-13 16:39:35] REKT : Liquidated long on `LSKXBT`: Sell 2200 @ 0.000317
[2016-10-13 16:42:34] wurstgelee : is it even possible to have a winning position without warning lights fully lit?
[2016-10-13 16:43:47] BitMEX_Sam : wurstgelee: Yes. It depends on the contract & number of traders, and of course your own leverage
[2016-10-13 16:44:24] wurstgelee : i assumed that tbh - i just have never seen it in reality ;)
[2016-10-13 16:45:32] wurstgelee : 200 REP 5x with less than 10% ROE are enough for the whole christmas tree
[2016-10-13 16:48:10] BitMEX_Sam : Could be. Lower leverage may bring you down a bit.
[2016-10-13 16:48:26] BitMEX_Sam : But having all lights lit doesn't mean ADL is going to happen at any moment - so far the only ADL on any contract was ZEC last week
[2016-10-13 16:51:15] wurstgelee : yep. that one hurt
[2016-10-13 16:51:17] wurstgelee : ;)
[2016-10-13 16:53:45] sleger : consider it as an enforced take profit before the price crashes for good
[2016-10-13 16:59:58] wurstgelee : take profit ok. but way to low.