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.

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[2016-10-19 16:39:57] wurstgelee : gawd. i watched this a few minutes
[2016-10-19 16:40:48] wurstgelee : randomly clicked somwhere, hit him explaining his view on economy and what he will do
[2016-10-19 16:51:35] REKT : Liquidated long on `ETHXBT`: Sell 10 @ 0.01907
[2016-10-19 16:56:52] REKT : Liquidated long on `ETHXBT`: Sell 16 @ 0.01890
[2016-10-19 17:15:57] kay : zec good chance of reaching 1 before launch
[2016-10-19 17:24:07] REKT : Liquidated long on `XMR7D`: Sell 1730 @ 0.010542
[2016-10-19 17:27:04] mjones : Damn I held my xmr long and now it's back to where I opened it
[2016-10-19 17:27:28] mjones : Way to go dumpers
[2016-10-19 18:11:31] billz : kay: increases are limited so i wouldn't be so sure
[2016-10-19 18:12:15] billz : how long is a "session" for zcash? Don't see that stated anywhere
[2016-10-19 18:13:11] MrRGnome : It's a 3 months futures contract. It expires Dec. 30th
[2016-10-19 18:13:25] sleger : that's not his question
[2016-10-19 18:14:29] lockhedge : trading session for limit up/down is usually 8 hours
[2016-10-19 18:15:50] MrRGnome : sleger: Then what kind of 'session' are you talking about for zcash?
[2016-10-19 18:16:01] sleger : cf answer above
[2016-10-19 18:17:46] MrRGnome : So 8 hour volume is a session?
[2016-10-19 18:18:33] MrRGnome : Is that all that sessions are used to denote in that contract? Nothing is actually happening every 8 hours - right?
[2016-10-19 18:18:44] sleger : i dont know what "8 hour volume" means, but yes 8 hours is a session
[2016-10-19 18:18:57] sleger : yes things are happening every 8 hours
[2016-10-19 18:19:31] MrRGnome : Session volume is just the only reference I found relevant to zcash, so i am essentially wondering what purpose it has. Is it just an arbitrary 8 hour volume metric or is there more that a trading session conceptually accomplishes?
[2016-10-19 18:19:53] sleger : every 8 hours up and down limits are adjusted on zcash
[2016-10-19 18:20:06] sleger : if you want to know more i suggest you read the docs
[2016-10-19 18:20:14] MrRGnome : ah I see, because it's delta is capped
[2016-10-19 18:20:19] MrRGnome : to stop too much manipulation
[2016-10-19 18:21:15] lockhedge : yes, it's like a circuit breaker. has nothing to do with volume
[2016-10-19 18:21:30] MrRGnome : its volume is just a tracked metric in the contract specs
[2016-10-19 18:21:50] MrRGnome : and the only metric which mentions trading sessions, which is what sparked my comment.
[2016-10-19 18:30:50] crmun : hello, what happened at 13:51 UTC? my XBT short was closed without my knowledge
[2016-10-19 18:31:22] crmun : ADL or something?
[2016-10-19 18:31:52] BitMEX_Sam : crmun: Yes, see your email.
[2016-10-19 18:32:06] BitMEX_Sam : Your trade history (https://www.bitmex.com/app/tradeHistory) will also show these events.
[2016-10-19 18:32:34] lockhedge : BitMEX_Sam: how many contracts got ADLed? around 400000?
[2016-10-19 18:33:03] habibi : BitMEX_Sam: does it mean that before adl whole insurance fund for perpetual swap was used?
[2016-10-19 18:33:27] BitMEX_Sam : habibi: The XBTUSD portion of the fund was used.
[2016-10-19 18:33:40] BitMEX_Sam : lockhedge: Re: contracts, I don't have access to that info right now
[2016-10-19 18:33:48] habibi : yea, that was my point, just named it wrong
[2016-10-19 18:36:10] MrRGnome : BitMEX_Sam: One of your teams primary arguments for ADL is its expected unlikelihood. At first you pointed out all ADL was occurring on ZEC. Did you expect to see ADL eat through the insurance fund for your largest instrument in the weeks following its release and with no significant price movement? Should we expect to see this kind of thing happen once every few weeks?
[2016-10-19 18:36:32] BitMEX_Sam : MrRGnome: The price movement was significant and the liquidated positions were significant
[2016-10-19 18:36:39] BitMEX_Sam : DPE was also present at occasional intervals in the old system.
[2016-10-19 18:36:39] habibi : BitMEX_Sam: will there be a posibility of order like " ADLCancelsOrder"? lets say there i putorder to cover some position but before that adl happens, any option right now to cancel that order automatically in case of adl happen
[2016-10-19 18:36:40] BitMEX_Greg : MrRGnome: We have just increased leverage on XBTUSD also, please bear that in mind.
[2016-10-19 18:37:13] BitMEX_Sam : habibi: I'll check with Wally on that, that makes sense as an `execInst`
[2016-10-19 18:37:52] crmun : @BitMEX_Sam i cant complain cause it was closed at the bottom, but if it wasnt and would land far lower id be mad as f..., how can i avoid this in future (it was only lev x5)
[2016-10-19 18:38:23] MrRGnome : So you re saying you did expect that so soon after launch ADL would empty the insurance fund on an AT MOST 3% or $20 movement of your largest instrument?
[2016-10-19 18:39:29] wurstgelee : aaaaand thats why i liked DPE more.
[2016-10-19 18:39:36] BitMEX_Greg : MrRGnome: given the low volatility we have been having on XBTUSD the past few months, I don't think the fund portion has been growing significantly.
[2016-10-19 18:39:47] wurstgelee : if ADL gets triggert bit such small moves, what will happen when it really dumps or pumps?
[2016-10-19 18:39:55] BitMEX_Greg : The issue with high leverage is an adverse selection problem
[2016-10-19 18:39:55] wurstgelee : *by
[2016-10-19 18:40:04] CaptainDean : I think the 100x is issue
[2016-10-19 18:40:10] MrRGnome : I'm sorry to razz you guys so hard but this is IMO a very valid criticism. Are you saying this is an anomaly that is unlikely to happen in the near future? @BitMEX_Greg I accept that explaination - do you accept that for reasons liek this we NEED to eb able to see the current insurance fund per instrument?
[2016-10-19 18:40:11] BitMEX_Greg : It attracts traders who want to go "balls deep".
[2016-10-19 18:40:36] wurstgelee : and ruins the fun for everyone else
[2016-10-19 18:40:56] CaptainDean : yep
[2016-10-19 18:41:08] BitMEX_Greg : MrRGnome: Yes I understand your concerns. I have brought it up several times with the partners. They are working on it but we have been prioritizing other more important developments recently.
[2016-10-19 18:41:35] wurstgelee : BitMEX_Greg: how hard can it be to visualize already existing data on the front end?
[2016-10-19 18:41:37] BitMEX_Greg : wurstgelee: Only a select number of people are ADL'ed, as opposed to DPE which affects everyone
[2016-10-19 18:41:47] crmun : it causes hedging here is pointless now
[2016-10-19 18:41:47] MrRGnome : There was a time early in BitMex history when BitMex founders decried the woodchipper for abusing traders with their leverage and marketing around it. @BitMEX_Greg can i assume you've since changed your views on this?
[2016-10-19 18:41:48] BitMEX_Greg : wurstgelee: Not my area of expertise unfortunately
[2016-10-19 18:42:01] lockhedge : agree with CaptainDean that 100x seems to be the issue
[2016-10-19 18:42:13] wurstgelee : BitMEX_Greg: it somehow is mine. ;)
[2016-10-19 18:42:21] wurstgelee : so it isnt hard at all
[2016-10-19 18:42:38] wurstgelee : minutes work, not hours
[2016-10-19 18:42:43] BitMEX_Greg : MrRGnome: 0K coin is completely different to how we operate here
[2016-10-19 18:42:55] BitMEX_Greg : wurstgelee: Thanks for the feedback
[2016-10-19 18:42:59] BitMEX_Greg : Will let them know
[2016-10-19 18:43:03] wurstgelee : we have been asking for weeks if not months for a visualization of that data ... :
[2016-10-19 18:43:29] MrRGnome : I'm just saying the core of your problem with OKCoin was originally the way they lured traders into the OKCasino where the odds were unbelievably stacked against them and they parted fools from their money.
[2016-10-19 18:43:34] wurstgelee : BitMEX_Greg: u dont need to let them know. sam knows
[2016-10-19 18:43:36] wurstgelee : ;)
[2016-10-19 18:43:52] BitMEX_Greg : wurstgelee: We publish all liquidation events at bankruptcy prices. You should be able to back calculate it if you are an expert
[2016-10-19 18:44:06] wurstgelee : that shouldnt be necessary ffs
[2016-10-19 18:44:43] MrRGnome : BitMEX_Greg: It's not possible unless you KNOW the insurance fund is empty for that instrument
[2016-10-19 18:44:44] BitMEX_Greg : MrRGnome: OkCoin washes trades and actively seeks out liquidating users. We tried to make a platform that was fair to traders
[2016-10-19 18:44:47] MrRGnome : and are tracking from the moment it's empty.
[2016-10-19 18:44:54] wurstgelee : also what @MrRGnome says
[2016-10-19 18:45:35] crmun : BitMEX_Sam: @BitMEX_Greg i cant complain cause it was closed at the bottom, but if it wasnt and would land far lower id be mad as f..., how can i avoid this in future (it was only lev x5)
[2016-10-19 18:46:06] wurstgelee : crmun: obv 5x leverage is too high on btc during $20 moves to not get ADL'ed
[2016-10-19 18:46:07] wurstgelee : oO
[2016-10-19 18:46:25] crmun : im using your site for hedging purposes and now is pointless
[2016-10-19 18:46:28] BitMEX_Greg : All I'm saying is, you say that you have been complaining for months I don't know. But we have published all events via API and the rekt bot also publishes here in the chat which has been archived. if it is so important for you before we are able to work on it, then you can retrieve all the chat history and go from there. We have the insurance fund history here: https://www.bitmex.com/app/insuranceFund
[2016-10-19 18:46:45] BitMEX_Greg : crmun: Yes we saw your original comment, thanks
[2016-10-19 18:46:53] sleger : getting ADL on 5x leverage ??
[2016-10-19 18:47:13] MrRGnome : BitMEX_Greg: don't get hostile with your users for expecting the ability to adequetly assess risk without having a CS degree.
[2016-10-19 18:47:13] wurstgelee : sleger: dont worry, ADL only effects people with high leverage ;)
[2016-10-19 18:47:14] BitMEX_Greg : Leverage is one aspect to the ranking formula
[2016-10-19 18:47:33] sleger : should be the only one
[2016-10-19 18:47:58] sleger : this guy on 5x should not get ADLed on a such small move
[2016-10-19 18:48:11] BitMEX_Greg : MrRGnome: I'm not, I'm not a computer science expert. I am attempting to offer an alternative solution while the partners code up a better one for you guys.
[2016-10-19 18:48:51] BitMEX_Greg : sleger: Right, I will check with Wally when he is in as to this specific issue. @crmun
[2016-10-19 18:49:08] MrRGnome : I understand that and for guys liek me that's awesome, gives me an inante advantage now that I know the insurance is empty on that ONE instrumentsince I have been tracking the liquidations sicne we talked last
[2016-10-19 18:49:15] BitMEX_Greg : MrRGnome: I have brought up the issue several times, and unfortunately it is still in development.
[2016-10-19 18:49:36] wurstgelee : BitMEX_Greg: those who know a bit about such things know that it would be a piece of cake for sam to publish that data. and you guys usually react REALLY FUCKING FAST to reasonable requests
[2016-10-19 18:49:59] BitMEX_Greg : I am trying to help out by perhaps offering an alternative solution (which could be more difficult in the meantime to set up). As I said, programming is not my forte
[2016-10-19 18:51:04] BitMEX_Greg : All I know is that Sam is flat out from the moment he wakes up and goes to bed. We are a really small team as opposed to OkCoin which have over 150 staff apparently.
[2016-10-19 18:51:08] MrRGnome : I think everyone here complaining is just putting the helpful pressure on your team required to shape you into the best platform you can be. This insurance information is a really big deal, we need it ASAP.
[2016-10-19 18:51:08] wurstgelee : BitMEX_Greg: do we agree on that this gives users who can do that kind of stuff and advantage in risk assessment over those who cant?
[2016-10-19 18:51:16] wurstgelee : *-d
[2016-10-19 18:51:30] MrRGnome : wurstgelee: It absolutely gives me an advantage.
[2016-10-19 18:51:34] wurstgelee : ofc it does
[2016-10-19 18:52:26] wurstgelee : and this could easily be fixed. but its not happening. thats all ;)
[2016-10-19 18:52:56] MrRGnome : It's true, it could be easily fixed. The reality is the number HAS to exist somewhere in order to perform math on it, to know it's 0 currently.
[2016-10-19 18:52:57] BitMEX_Greg : Got it, unfortunately from my understanding there have been several important fixes that we have rolled out the past few weeks / months which have taken priority
[2016-10-19 18:53:18] wurstgelee : BitMEX_Greg: its a value in a database. it has to be displayed here
[2016-10-19 18:53:31] wurstgelee : doesnt get easier than that
[2016-10-19 18:53:55] BitMEX_Greg : wurstgelee: I see, ok thanks I'll bring it up again
[2016-10-19 18:54:00] MrRGnome : It's possible their concern is more complex than that, that exposing the number has ramifications, but no one is making that argument and if that is an argument it's a problem that I know that number with enough effort
[2016-10-19 18:54:33] wurstgelee : it just seems unlikely that the only reason this hasnt been adressed in weeks is the amount of work that would have to be put into this
[2016-10-19 18:54:47] wurstgelee : especially if u know how fast things usually get fixed here
[2016-10-19 18:55:46] wurstgelee : MrRGnome: yes. i
[2016-10-19 18:55:59] MrRGnome : wurstgelee: Yes the technical work is negligible. I think it's dishonest to say that's been the hold up. Clearly a purposeful decision was made at some point to aggregate the published insurance fund information. Why that decision was made I don't know, and why it hasn't been reversed I'm equally curious - but SOME reason must exist.
[2016-10-19 18:56:28] wurstgelee : exactly what i wanted to imply ;)
[2016-10-19 18:56:37] wurstgelee : this cant be an effort-thing ....
[2016-10-19 18:56:42] wurstgelee : makes no sense
[2016-10-19 18:58:00] sleger : must be something clinton campaign asked for
[2016-10-19 18:58:33] BitMEX_Greg : lol
[2016-10-19 18:58:39] wurstgelee : oO
[2016-10-19 18:59:18] wurstgelee : or the insure funds have less actual funds than the general public would expect and it would therefore scare people off....
[2016-10-19 18:59:40] MrRGnome : Yeah maybe something like that. Publishing th elarger number inspires more blanket confidence
[2016-10-19 18:59:44] wurstgelee : yep
[2016-10-19 18:59:52] MrRGnome : I just wish they would come out and say that if it's the case
[2016-10-19 19:00:54] wurstgelee : do u think the insurance fund could deal with a few 100k liquidation if the market moves 10$ away?
[2016-10-19 19:00:56] wurstgelee : i dont tbh
[2016-10-19 19:01:08] wurstgelee : for xbtusd that is ofc
[2016-10-19 19:01:51] BitMEX_Greg : wurstgelee: The total liquidation this morning was 827k contracts
[2016-10-19 19:01:56] BitMEX_Greg : FYI
[2016-10-19 19:02:18] wurstgelee : and how much of this had to be ADL'ed? ;)
[2016-10-19 19:02:22] lockhedge : we all know that the XBTUSD fund is empty, so the only "surprise" will be that there is more money in the ETC and XMR funds than we expected
[2016-10-19 19:03:02] BitMEX_Greg : wurstgelee: I don't have access to that information unfortunately
[2016-10-19 19:03:21] wurstgelee : i would be interested in that value tho.
[2016-10-19 19:03:29] BitMEX_Greg : Not sure we publish it
[2016-10-19 19:03:31] MrRGnome : BitMEX_Greg: You guys have often talked about how unlikely these ADl liquidations should be. Can you share your model of their expected distribution?
[2016-10-19 19:03:34] wurstgelee : by far the most was covered by ADL
[2016-10-19 19:03:52] wurstgelee : BitMEX_Greg: you publish that data. u just dont visualize it ;)
[2016-10-19 19:04:40] wurstgelee : *publish as in: all data needed to calculate that is available
[2016-10-19 19:04:50] lockhedge : maybe we can bribe @micmix to add this feature to the rekt bot
[2016-10-19 19:05:10] wurstgelee : tbh i am starting to consider it myself
[2016-10-19 19:05:21] wurstgelee : some bot that calculates insurance fund etc....
[2016-10-19 19:05:22] MrRGnome : P.S. it's really fucking sad that Greg is fielding more difficult questions than will tonights presidential nominees @BitMEX_Greg for president?
[2016-10-19 19:05:31] BitMEX_Greg : hahaha
[2016-10-19 19:05:33] wurstgelee : MrRGnome: haha, yes _)
[2016-10-19 19:05:38] BitMEX_Greg : should be interesting tonight anyway
[2016-10-19 19:05:40] wurstgelee : altho its 1 vs many
[2016-10-19 19:05:43] BitMEX_Greg : Fox moderator
[2016-10-19 19:05:45] wurstgelee : even harder
[2016-10-19 19:05:58] BitMEX_Greg : lol yes.. "what is this, 3 v 1?" comon guys
[2016-10-19 19:06:06] wurstgelee : :D
[2016-10-19 19:06:07] MrRGnome : We beat you because we love you
[2016-10-19 19:06:31] BitMEX_Greg : aww shucks
[2016-10-19 19:06:46] wurstgelee : also its not really against u ofc. i only really would like to know what the holdup is
[2016-10-19 19:06:47] wurstgelee : =)
[2016-10-19 19:07:07] BitMEX_Greg : Yeah, unfortunately not my focus area
[2016-10-19 19:07:39] wurstgelee : can i talk to someone whose focus area that is? ;)
[2016-10-19 19:08:01] MrRGnome : Yeah who is the guy for that discussion?
[2016-10-19 19:08:43] BitMEX_Greg : Probably you want to catch the three founders. Best thing to do is to submit a support ticket, that way everyone can add discussion to it since 2/3 of them are in HK timezone right now
[2016-10-19 19:09:06] MrRGnome : I'll just loiter the TS until someone comes on
[2016-10-19 19:09:15] wurstgelee : BitMEX_Greg: did u ever consider to do both? XBTUSD ADL and XBTUSD DPE?
[2016-10-19 19:09:16] wurstgelee : :p
[2016-10-19 19:09:25] MrRGnome : roffle no please.
[2016-10-19 19:09:38] BitMEX_Greg : wurstgelee: I think its pretty much one or the other
[2016-10-19 19:09:47] BitMEX_Greg : I can see that creating a number of issues
[2016-10-19 19:09:51] wurstgelee : not entirely serious here. but i would like to know which market would be prefered
[2016-10-19 19:09:58] BitMEX_Greg : get ADL'ed, reopen position and you are already on DPE
[2016-10-19 19:10:01] wurstgelee : aka which market traders would chose
[2016-10-19 19:10:23] wurstgelee : BitMEX_Greg: ADL doesnt care about when i am online. ;)
[2016-10-19 19:10:25] BitMEX_Greg : I can tell you without a doubt that we put a lot of effort and research into changing from DPE to ADL
[2016-10-19 19:10:29] MrRGnome : At the end of the day both DPE and ADL are crude tools meant to transfer unmanagable risk by chronic gamblers onto the greater whole with the least impact
[2016-10-19 19:10:45] MrRGnome : Neither is very good at their impossible job, the job itself stinks.
[2016-10-19 19:10:48] wurstgelee : how about an option where u can set and auto-reentry x % lower with defined size in case of adl?
[2016-10-19 19:10:53] BitMEX_Greg : It caused a lot of changes in the backed, frontend etc. We wouldn't have done it if we didn't think the majority didn't want it
[2016-10-19 19:10:56] wurstgelee : some "in case of adl" rule if u like
[2016-10-19 19:11:01] BitMEX_Greg : wurstgelee: Yes we have discussed it
[2016-10-19 19:11:14] wurstgelee : did u finish discussing it?
[2016-10-19 19:11:20] BitMEX_Greg : (An idea of mine when we first discussed changing from DPE to ADL).
[2016-10-19 19:11:40] BitMEX_Greg : We want to add, but it's again just a matter of getting to other more important things first
[2016-10-19 19:12:18] MrRGnome : Could you maybe elaborate on what those things are? It might help put your priorities in context for your users
[2016-10-19 19:12:19] BitMEX_Greg : I think it would be good if you had a checkbox where you could select a market order, limit order at best bid or whatever
[2016-10-19 19:12:32] wurstgelee : another 2 cents: the fact that i "get exited" form positions in case the market moves in my favor and i miss the rest of the move is my only real concern with ADL
[2016-10-19 19:12:35] BitMEX_Greg : MrRGnome: Probably need to ask Wally
[2016-10-19 19:12:38] wurstgelee : i have no problem with it otherwise
[2016-10-19 19:12:53] wurstgelee : and i think thats the most annoying thing for a lot of others too
[2016-10-19 19:13:19] wurstgelee : an option where u could set rules/oders based on ADL events would fix that
[2016-10-19 19:13:54] MrRGnome : wurstgelee: I can see that taking more time to develop as it's a more nuanced operation
[2016-10-19 19:13:58] BitMEX_Greg : Yeah I hear you, it's really a balancing act here. I mean under DPE it's just another group of people complaining they are hedging with 1x and getting XX% taken away from adverse selection trading events
[2016-10-19 19:14:24] wurstgelee : less annoying than getting ADL @ 20% of the move and miss the 80% :p
[2016-10-19 19:14:32] BitMEX_Greg : MrRGnome: Yeah, its a bit difficult thats why we have to still think about it further
[2016-10-19 19:14:39] wurstgelee : for example ZEC
[2016-10-19 19:14:48] wurstgelee : i cant tell u how much i miss my .07 entry...
[2016-10-19 19:14:50] wurstgelee : ;)
[2016-10-19 19:14:52] BitMEX_Greg : wurstgelee: ZEC had a 80% DPE on it at once
[2016-10-19 19:15:07] BitMEX_Greg : I mean, we can't please everyone unfortunately
[2016-10-19 19:15:11] wurstgelee : ofc u cant
[2016-10-19 19:15:12] BitMEX_Greg : Fact is, we offer high leverage
[2016-10-19 19:15:19] wurstgelee : that DPE is gone after next rebalancing tho
[2016-10-19 19:15:22] BitMEX_Greg : And these are the issues it creates
[2016-10-19 19:15:25] wurstgelee : =)
[2016-10-19 19:16:02] BitMEX_Greg : Yes, so entering at 0.07 and losing 80% of profit is similar to getting ADL'ed early and re-entering at a higher price
[2016-10-19 19:16:10] wurstgelee : MrRGnome: yes, not that easy. no rocket sience either tho :9
[2016-10-19 19:16:56] wurstgelee : BitMEX_Greg: correct. but that is really, really hard with those thin orderbooks
[2016-10-19 19:17:02] MrRGnome : No, but myself as a developer, I can see myself taking up to a week dedicated on those features, especially on a trading platform where automating peoples trades is a high responsibility act. Maybe even a week of dedicated testing, ad that's assuming no other things at all
[2016-10-19 19:17:05] wurstgelee : if u dont want to blindly smash asks ;)
[2016-10-19 19:17:41] wurstgelee : MrRGnome: yep. 1 week sounds reasonable
[2016-10-19 19:18:04] MrRGnome : well, 2 weeks considering the financial context. Much higher testing burden. And again with NOTHING else on my plate
[2016-10-19 19:18:08] BitMEX_Greg : wurstgelee: Yeah I understand, unfortunately there isn't a 1 fit all solution for thin markets especially.
[2016-10-19 19:18:12] wurstgelee : considered the fact that this kind of site is the place where u dont want to fuck up
[2016-10-19 19:18:14] wurstgelee : =)
[2016-10-19 19:18:24] habibi : 1 week of dedicated testing.. hmm if i remember correctly it worked perfectly on experiment called TheDao
[2016-10-19 19:18:35] MrRGnome : I'm just saying a 2 week dedicated task can easily turn into a 2 month undedicated task
[2016-10-19 19:18:41] wurstgelee : habibi: 1 week testing included
[2016-10-19 19:18:52] wurstgelee : MrRGnome: so true
[2016-10-19 19:18:53] wurstgelee : :D
[2016-10-19 19:19:20] wurstgelee : i like to have several parallel tasks so i can switch to the one i am currently more dedicated too
[2016-10-19 19:19:27] wurstgelee : *-o
[2016-10-19 19:19:28] wurstgelee : ;)
[2016-10-19 19:30:14] muirtastic : Wow, I get a forced liquidation when the price drops 1.5%. What is the point of having a short position on here?
[2016-10-19 19:31:31] BitMEX_Greg : muirtastic: You were liquidated or Autodelveraged?
[2016-10-19 19:33:42] muirtastic : Auto-deleveraged. Not account liqudiation but liquidation of the position, although perhaps I'm not using the term properly
[2016-10-19 19:34:33] muirtastic : My position was closed on me just because the price dropped 1.5%. Just disappointing and not sure what the risk/reward is with shorting on here .
[2016-10-19 19:35:23] BitMEX_Greg : muirtastic: Yes we had an autodeleverage event occur this morning. You can read about Autodeleveraging here: https://www.bitmex.com/app/autoDeleveraging
[2016-10-19 19:39:00] Tetsuo : i usually don´t brag around , cuz it´s annoying, but seems like i was right about the brutal ETC short squeeze, , that BTC will go down and XMR bottom is in: - )
[2016-10-19 19:40:08] MrRGnome : Tetsuo: I'm not sure about XMR. I think we'll see stagnation or retrace as the ZEC pump takes a psychological toll on XMR longs.
[2016-10-19 19:41:58] Tetsuo : i also don´t think it will go much higher than 0.01150, probably zigzag for some time, i closed 90% of my longs from 0.09
[2016-10-19 19:42:08] Tetsuo : 0.009
[2016-10-19 19:43:37] MrRGnome : man grats, good trades. I also rode that long a little 0.009-0.01, been short since 0.0109
[2016-10-19 19:43:40] rapidtrades : how's that new eth attack going?
[2016-10-19 19:44:05] MrRGnome : I'm so happy about it
[2016-10-19 19:44:53] Tetsuo : i closed ETH longs when funding went crazy and opened a small short (400 contracts) cuz of it, which went quite well
[2016-10-19 19:45:04] Tetsuo : also closed by now
[2016-10-19 19:45:17] rapidtrades : i planned to do that...then forgot
[2016-10-19 19:45:21] MrRGnome : funding saved me from a horrible long.
[2016-10-19 19:45:44] MrRGnome : I ended up riding the HF bump and getting out at the top when funding was crazy
[2016-10-19 19:46:04] Tetsuo : what happened to the the latest hardfork, i barely watch or am interested in fundamental drama
[2016-10-19 19:46:19] Tetsuo : did everything went well?
[2016-10-19 19:46:29] rapidtrades : i dunno
[2016-10-19 19:46:36] rapidtrades : we need a shitcoin expert
[2016-10-19 19:46:41] BitMEX_Greg : Tetsuo: Yes the first HF went well
[2016-10-19 19:46:45] rapidtrades : or smone who reads
[2016-10-19 19:46:56] BitMEX_Greg : there will be another sometime later this month to fix some minor issues
[2016-10-19 19:47:05] Tetsuo : lol
[2016-10-19 19:47:40] BitMEX_Greg : The first HF aimed at solving issues around the DOS attacks by increasing the GAS costs when sending transactions
[2016-10-19 19:47:53] BitMEX_Greg : the 2nd will aims at solving the empty accounts created by the attackers
[2016-10-19 19:48:18] rapidtrades : lol
[2016-10-19 19:48:33] rapidtrades : so that will fork n3?
[2016-10-19 19:48:47] Tetsuo : most forked coin ever then?
[2016-10-19 19:48:49] habibi : question is what will fix 3th hardfork...and 4th,5th...99th
[2016-10-19 19:49:05] Tetsuo : guiness book of records?
[2016-10-19 19:49:19] rapidtrades : we had how many...1 right?
[2016-10-19 19:49:19] BitMEX_Greg : haha yeah
[2016-10-19 19:49:23] BitMEX_Greg : but this is to fix security issues
[2016-10-19 19:49:29] BitMEX_Greg : so I see it as a positive thing
[2016-10-19 19:49:29] rapidtrades : when those 1 bil bitcoins were created?
[2016-10-19 19:49:38] Tetsuo : rapidtrades: this was no2
[2016-10-19 19:49:39] BitMEX_Greg : apart from the 1st fork which was to reverse transactions
[2016-10-19 19:49:52] rapidtrades : Tetsuo: i meant bitcoin
[2016-10-19 19:49:59] Tetsuo : don´t know
[2016-10-19 19:50:42] habibi : i agree it won't result in another 2 chains but still its pretty funny to watch how whole eth party is about hardforking and fighting against exploits rather then finding real usecase of network
[2016-10-19 19:51:28] BitMEX_Greg : Usecase is with the smart contracts no?
[2016-10-19 19:51:42] rapidtrades : they're such shit coders that's why
[2016-10-19 19:53:03] habibi : BitMEX_Greg: use case can be anything, even paying for public toilet in the city centers, but u can't do even that
[2016-10-19 19:53:19] BitMEX_Greg : haha
[2016-10-19 19:53:23] BitMEX_Greg : well still a work in progress
[2016-10-19 19:53:46] sleger : if it were being used by 1bn people on a daily basis it wouldnt be worth 0.02...
[2016-10-19 19:59:57] REKT : Liquidated long on `ZECZ16`: Sell 1 @ 0.150188
[2016-10-19 19:59:57] REKT : Liquidated long on `ZECZ16`: Sell 2 @ 0.151891
[2016-10-19 20:00:27] REKT : Liquidated long on `ZECZ16`: Sell 4 @ 0.146921
[2016-10-19 20:00:45] Tetsuo : lol
[2016-10-19 20:00:50] habibi : thx sleger :D
[2016-10-19 20:07:15] Tetsuo : i´m not into a ZEC for 2 weeks now, but it always gets me a warm feeling when it crashes
[2016-10-19 20:10:20] habibi : problem is it doesnt crash, at the end that shorter will get rekt :(
[2016-10-19 20:11:17] Tetsuo : everyone will get rekt
[2016-10-19 20:12:08] Tetsuo : anyone rembers 21coin https://bitcointalk.org/index.php?topic=426853.0
[2016-10-19 20:12:23] Tetsuo : quite differentt , but still
[2016-10-19 20:12:44] Tetsuo : Total Coins: 21 coins
[2016-10-19 20:14:38] Tetsuo : "0.0998198 21 for sale msg if interested price 20 btc for all 0.0998198 21coin"
[2016-10-19 20:15:00] Tetsuo : i guess there wasn´t enough buy support to sell it on the market
[2016-10-19 20:15:48] martinium : BitMEX_Greg: any way to set conditional orders on this platform?
[2016-10-19 20:17:30] wurstgelee : lol. someone had fun with zcash i see
[2016-10-19 20:17:33] wurstgelee : ;)
[2016-10-19 20:20:03] Boontjie : well its easy if you have 20 coins, just use 10 to buy some, wait a little for those shorters and megabuy 10 more
[2016-10-19 20:20:12] Boontjie : ADL will give you your money quickly
[2016-10-19 20:21:05] BitMEX_Greg : martinium: How do you mean
[2016-10-19 20:21:20] BitMEX_Greg : martinium: We have stop orders that can be triggered at certain prices
[2016-10-19 20:21:40] BitMEX_Greg : You can see the documentation here: https://www.bitmex.com/app/orderTypeFAQ#Stop-Orders
[2016-10-19 20:37:05] martinium : BitMEX_Greg: its been 3 confirms and my deposit isnt available. Should have cleared by now.
[2016-10-19 20:37:52] justinlooking : martinium: email support
[2016-10-19 20:38:22] martinium : Will do
[2016-10-19 20:40:46] justinlooking : it's normally 1 conf...
[2016-10-19 20:46:08] Tetsuo : sometimes the staff is usin your deposit to gamble on justdice.com for a few hours,
[2016-10-19 20:57:41] rapidtrades : well if it's only for a few hours....
[2016-10-19 21:04:54] dasdfasdf : Would you guys ever integrate with hardware like this? https://www.bitstamp.net/article/transfer-bitcoins-and-your-trezor/
[2016-10-19 21:12:18] rapidtrades : Users can create a backup of the whole TREZOR by recording the seed on a small piece of paper, and use this backup to regain access to all their coins in case of disaster.
[2016-10-19 21:12:32] BitMEX_Greg : martinium: Hi Martinium was just away from the desk. I see it is still unconfirmed on the network
[2016-10-19 21:12:52] rapidtrades : ^ will that create backup of all the wallets? or just the one ur using atm
[2016-10-19 21:12:57] BitMEX_Greg : Might be a blockchain.info issue, let me check other explorers
[2016-10-19 21:13:58] BitMEX_Greg : Still seems unconfirmed. What fee did you attach to it?
[2016-10-19 21:14:04] BitMEX_Greg : martinium:
[2016-10-19 21:14:53] BitMEX_Greg : nvm I see it
[2016-10-19 21:15:18] dasdfasdf : rapidtrades: You can have unlimited accounts on from the seed
[2016-10-19 21:15:26] dasdfasdf : rapidtrades:
[2016-10-19 21:18:29] martinium : BitMEX_Greg: yeah no worries. Seems my other exchange hadn't really sent it at the time I submitted.
[2016-10-19 21:18:48] BitMEX_Greg : Ok np, I'll check again in another 10 mins or so and update you
[2016-10-19 21:21:21] rapidtrades : dasdfasdf: accounts as in seperate wallets?
[2016-10-19 21:26:10] habibi : rapidtrades: basically unlimited "accounts" and unlimited addresses in each account + hidden wallets if nesesery protected by extra password
[2016-10-19 21:28:12] rapidtrades : right...but i was asking if all of that is under a single seed
[2016-10-19 21:28:23] rapidtrades : or if I should write down each wallet seed
[2016-10-19 21:34:09] mjones : xrp such a slow climb
[2016-10-19 21:53:29] BTCDJS : rapidtrades: I think this is the new low. thoughts?
[2016-10-19 21:53:55] BTCDJS : rapidtrades: Based on MA and EMA indicators
[2016-10-19 21:54:36] BitMEX_Greg : martinium: Hi I see one confirmation now on the network
[2016-10-19 22:09:41] BTCDJS : BitMEX_Greg: almost every time I open a trade. My wallet balance goes slightly lower from what i had. Immediately. Whats that all about?
[2016-10-19 22:13:43] BitMEX_Greg : BTCDJS: Fees probably
[2016-10-19 22:15:27] BitMEX_Greg : BTCDJS: Check your trade history
[2016-10-19 22:19:33] habibi : after long months of using bitmex BTCDJS discovered fees
[2016-10-19 22:28:09] BTCDJS : habibi: this never happened before. only after DPE changed to ADL
[2016-10-19 22:37:45] rapidtrades : 2.5 hrs to the final debate
[2016-10-19 22:53:19] BB : BitMEX_Greg: I got delevergaged yesterday and lost a lot since I'm doing arbtrage trading and I'm feeling really bad about his
[2016-10-19 22:55:02] BB : BitMEX_Greg: Is this really a 'rare' event as described in the description page? Also, how do I know that I was deleveraged when I'm using websocket APi?
[2016-10-19 22:58:13] MrRGnome : I'm also interested in the statistical model used by BitMex to describe the rarity of these events.
[2016-10-19 22:58:46] BitMEX_Greg : BB: I'll find out for you what the response is if you get deleveraged
[2016-10-19 22:58:58] sleger : ADL is replacing DPE, the statistics they are using (I assume) is how often DPE did happen in the past
[2016-10-19 22:59:09] BitMEX_Greg : sleger: Basically yes
[2016-10-19 23:34:50] martinium : Some people get too excited with leverage. Think of it as rope useful is used in moderation and strategically but can easily become a noose to hang yourself with.
[2016-10-19 23:35:05] martinium : if used*
[2016-10-19 23:57:09] hazir : Hey people help much appreciated: how do i see if im gonna be ADLed?
[2016-10-19 23:58:51] BitMEX_Greg : hazir: We provide an indicator which shows what percentile you are in
[2016-10-19 23:59:01] BitMEX_Greg : Take a look at: https://www.bitmex.com/app/autoDeleveraging for more information
[2016-10-20 00:08:34] dasdfasdf : rapidtrades: there is a master seed. each account is a branch below that
[2016-10-20 00:08:35] martinium : BitMEX_Greg: how often does the xbtusd swap rebalance?
[2016-10-20 00:10:38] dasdfasdf : rapidtrades: so with one 24 word phrase you have backups for ALL keys.
[2016-10-20 00:11:10] dasdfasdf : BitMEX_Greg: https://www.bitstamp.net/article/transfer-bitcoins-and-your-trezor/
[2016-10-20 00:11:17] dasdfasdf : Is that in the plans for Bitmex?
[2016-10-20 00:11:44] BitMEX_Greg : martinium: We do not have rebalancing anymore
[2016-10-20 00:12:19] BitMEX_Greg : dasdfasdf: No plans, will take a look
[2016-10-20 00:12:31] martinium : BitMEX_Greg: my open positions show a PnL since last rebalance
[2016-10-20 00:13:28] BitMEX_Greg : martinium: Realised PnL can be due to funding or fees
[2016-10-20 00:13:51] martinium : ah yeah they are fees I see in the trade history
[2016-10-20 00:14:06] martinium : made some money from providing liquidity
[2016-10-20 00:14:10] martinium : :)
[2016-10-20 00:14:13] BitMEX_Greg : Great!
[2016-10-20 00:14:29] martinium : I really like this platform
[2016-10-20 00:14:30] gladimor : BitMex_Greg, why did they finalize PNL 3 times in a day for me (3 losses) while I was in the green the entire time?
[2016-10-20 00:15:09] BitMEX_Greg : gladimor: Funding occurs 3 times a day
[2016-10-20 00:15:19] gladimor : What is funding?
[2016-10-20 00:15:46] BitMEX_Greg : When you are long or short a swap product you will be paying or receiving funding. Take a look at: https://www.bitmex.com/app/swapsGuide
[2016-10-20 00:16:00] BitMEX_Greg : Funding occurs every 8 hours at 04:00 UTC, 12:00 UTC and 20:00 UTC and these are the times at which payments are exchanged between the buyer and seller of the contract. You will only pay or receive funding if you hold a position at one of these times. If you close your position prior to the funding occurring then you will not pay or receive funding.
[2016-10-20 00:16:28] gladimor : This funding took 5 BTC of my originally 29 BTC balance
[2016-10-20 00:16:32] gladimor : Is this lending fees?
[2016-10-20 00:17:00] sleger : thank you for your donation
[2016-10-20 00:17:06] sleger : it is the equivalent
[2016-10-20 00:17:18] gladimor : That's ridiculous
[2016-10-20 00:17:33] BitMEX_Greg : gladimor: It is somewhat similar concept. You can take a look in your trading history: https://www.bitmex.com/app/tradeHistory
[2016-10-20 00:18:35] gladimor : So the lending fees for the day is 17%?
[2016-10-20 00:19:18] BitMEX_Greg : You can take a look at the funding history here: https://www.bitmex.com/app/fundingHistory
[2016-10-20 00:19:23] sleger : no, where do you see that ? @gladimor
[2016-10-20 00:19:44] gladimor : I was charged that @sleger
[2016-10-20 00:19:53] sleger : no you werent
[2016-10-20 00:20:00] gladimor : Yes I was.
[2016-10-20 00:20:17] sleger : show what you see
[2016-10-20 00:20:21] gladimor : One moment
[2016-10-20 00:20:24] arbitrage001 : you are using leverage with 29 btc balace?
[2016-10-20 00:20:26] sleger : but no you werent
[2016-10-20 00:21:17] gladimor : http://i.imgur.com/HxhtCtU.jpg
[2016-10-20 00:21:27] arbitrage001 : if you use 8-10 times leverage, 17% sound about right
[2016-10-20 00:21:48] gladimor : Yes I was using leverage in that range
[2016-10-20 00:22:08] sleger : well its the same on margin, rate is charged on the position value, not the collateral
[2016-10-20 00:22:32] sleger : max rates are about 1% per 8hr
[2016-10-20 00:22:45] gladimor : Is there any way to lend money on this exchange? This interest rate is extremely, extremely profitable
[2016-10-20 00:22:54] sleger : just take the opposite position
[2016-10-20 00:23:32] sleger : but i see it was on eth, be careful, funding inverses it goes from >0 to <0 so it keeps changing
[2016-10-20 00:25:07] arbitrage001 : we are at the mercy of market maker
[2016-10-20 00:25:17] arbitrage001 : they way it quote spread
[2016-10-20 00:27:13] gladimor : Is it possible to "snipe" funding?
[2016-10-20 00:27:19] gladimor : Like, sell before funding occurs?
[2016-10-20 00:27:29] arbitrage001 : gladimor: yes
[2016-10-20 00:27:33] gladimor : That's good
[2016-10-20 00:27:41] arbitrage001 : but price usually correct right after funding
[2016-10-20 00:27:55] arbitrage001 : price "jump"
[2016-10-20 00:28:06] gladimor : I guess I have to keep my day-trading windows within the 8 hours of funding
[2016-10-20 00:28:23] gladimor : Learned an expensive lesson today
[2016-10-20 00:28:24] sleger : price adjusts to compensate for funding
[2016-10-20 00:28:44] sleger : its just the price to provide leverage, but you can choose your side
[2016-10-20 00:35:18] rapidtrades : sleger: tell us more master
[2016-10-20 00:46:34] Dann : anyway to expedite the btc withdrawal or we all just need to wait 12 hours
[2016-10-20 00:46:40] rapidtrades : wait
[2016-10-20 01:02:31] mjones : lol xmr
[2016-10-20 01:02:52] mjones : that's what i get for closing at break even
[2016-10-20 01:10:24] rapidtrades : debate is ON
[2016-10-20 01:12:28] mjones : dang should have shorted XMR
[2016-10-20 01:32:39] laisee : any new shockers from debate?
[2016-10-20 01:33:35] habibi : actually first debate that Hillary is getting hilarious
[2016-10-20 01:38:17] laisee : she's getting cocky with all the good poll results?
[2016-10-20 01:38:19] mjones : last question is about fitness
[2016-10-20 01:39:07] laisee : The donald gets exercise running from creditors and chasing women, sometimes at the same time.
[2016-10-20 02:00:14] mjones : lol eth. cryptowatch is so slow as it eats up all the orders for 3 seconds before showing current price
[2016-10-20 02:10:35] habibi : settings-->scroll down-->throttle order book refresh -->0 ms
[2016-10-20 02:15:16] mjones : thanks. lets see how my computer holds up.
[2016-10-20 02:23:22] REKT : Liquidated short on `ETHXBT`: Buy 4 @ 0.01942
[2016-10-20 03:28:36] REKT : Liquidated short on `XBJ24H`: Buy 8000 @ 65996
[2016-10-20 03:29:50] messiaen8844 : what's happening with BTCJPY fturues mark prices?
[2016-10-20 03:30:12] messiaen8844 : sometimes mark price will change dramatically for a second, then come back
[2016-10-20 04:06:57] +1 : Relieve to see Clinton won the debate again. 3-0. Market agrees. ;)
[2016-10-20 04:36:03] AudibleScience : anyone want to guess when we'll hit $640 on xbtusd again?
[2016-10-20 04:36:45] AudibleScience : anyone even here?
[2016-10-20 04:36:58] chromaticcr1 : nope :P
[2016-10-20 04:37:23] chromaticcr1 : I am more interested in the time of next ADL
[2016-10-20 04:37:39] chromaticcr1 : And would I be asleep when it happens
[2016-10-20 04:38:57] AudibleScience : ADL is way better than DPE imho
[2016-10-20 04:39:06] chromaticcr1 : i agree
[2016-10-20 04:39:48] AudibleScience : how long have you been here?
[2016-10-20 04:40:06] chromaticcr1 : except that I would like to see more weighting on leverage
[2016-10-20 04:40:33] chromaticcr1 : a long time i guess, >1yr
[2016-10-20 04:41:34] AudibleScience : trading the 24h xbtusd instrument back when it was here then?
[2016-10-20 04:41:49] chromaticcr1 : yes, when things here were still quanto
[2016-10-20 04:41:56] chromaticcr1 : long degens gonna like them
[2016-10-20 04:42:59] +1 : AudibleScience: today. and likely before the week ends. sure before the 28th
[2016-10-20 04:45:35] AudibleScience : +1: lol look who's bullish on bitcoin, hope you're right man
[2016-10-20 04:46:13] AudibleScience : chromaticcr1: "long degens gonna like them" hehe what?
[2016-10-20 04:47:18] billyboy402 : is the RealisedPNL from each 8 hour interest payment , or is that the total of the day ( trading and Interest)
[2016-10-20 04:48:04] AudibleScience : billyboy402: both
[2016-10-20 04:48:49] billyboy402 : I think it the total earning on the day , i got 2 funding but it only show one RealisedPNL ..
[2016-10-20 04:49:57] AudibleScience : +1: or woman I guess? (although I think we pretty much have a sausage fest here no?)
[2016-10-20 04:50:26] billyboy402 : the last 2 funding was 0.34% + 0.31% but i brought extra ( double) befor the last settment . how come my earning was about the same
[2016-10-20 04:51:22] AudibleScience : billyboy402: when you doubled up did you do it as a taker or a maker?
[2016-10-20 04:51:56] +1 : AudibleScience: Sausageeeee! Haha
[2016-10-20 04:51:57] billyboy402 : i think taker , I paid a fee , but it was about 30 min before the funding cound down clock
[2016-10-20 04:52:59] AudibleScience : because your trading fee as a taker would also be coming out of that. That should work out correct then no?
[2016-10-20 04:53:25] billyboy402 : that is strande , on the Fee rate , is say i paid (-0.2939%) but on the history say that is should of been (-0.3105%)
[2016-10-20 04:53:55] billyboy402 : 016-10-20 07:00:00 ETHXBT Funding 1500 0.01898 -28.4700 XBT -0.4549% -0.129510 XBT
[2016-10-20 04:54:01] billyboy402 : and this one look higher
[2016-10-20 04:54:15] billyboy402 : 2016-10-20 15:00:00 ETHXBT Funding 2500 0.01933 -48.3250 XBT -0.2939% -0.142027 XBT
[2016-10-20 04:56:04] billyboy402 : i thought Bitmex doesnt charge fees . 0.3105% is not -0.2939%
[2016-10-20 04:56:50] AudibleScience : billyboy402: for that you'll have to ask an admin man. I don't know what that could be about.
[2016-10-20 04:59:04] AudibleScience : billyboy402: plus I'm not trading ETH atm
[2016-10-20 05:05:55] BitMEX_Wally : billyboy402: History of the funding rates is here: https://www.bitmex.com/app/fundingHistory
[2016-10-20 05:06:07] BitMEX_Wally : 0.2939% was the funding rate charged 1 hour ago
[2016-10-20 05:06:28] billyboy402 : oh that why .
[2016-10-20 05:07:05] billyboy402 : ok , why is it different from https://www.bitmex.com/app/index/.ETHXBTPI8H
[2016-10-20 05:07:08] BitMEX_Wally : You were short ETHXBT so you were paid
[2016-10-20 05:07:33] billyboy402 : yea that fine , i thought the history was from the index site
[2016-10-20 05:07:47] BitMEX_Wally : `.ETHXBTPI8H` is one component of the funding calculation, you can see an explanation of the calculation here: https://www.bitmex.com/app/contract/ETHXBT
[2016-10-20 05:08:48] BitMEX_Wally : Basically the premium rate is skewed by 0.05% towards the interest rate, which is why you see 0.3439% become 0.2939%
[2016-10-20 05:09:03] BitMEX_Wally : Remember, the rate is set 8 hours in advance
[2016-10-20 05:10:09] BitMEX_Wally : The 0.3105% premium index you quoted went into the calculation of the funding rate 0.2605% that will be charged in 7 hours
[2016-10-20 05:29:32] billyboy402 : BitMEX_Wally: oh i didnt know the rate was fix in advance , i thought it does the final calurlation and set it every 8 hours
[2016-10-20 05:30:43] billyboy402 : so if the price was below the index by alot , it wont inpack me until the next 8 hours ?
[2016-10-20 05:35:09] BitMEX_Wally : Yes
[2016-10-20 05:35:50] BitMEX_Wally : So for ETHXBT right now in the contract details it says: Funding Rate 0.2605% in 6 hours
[2016-10-20 05:36:25] BitMEX_Wally : So you know for sure what the funding rate will be and can adjust your trading accordingly
[2016-10-20 06:03:15] billyboy402 : BitMEX_Wally: do you het 100% of the funding if you open a poistion a min before the close ( timer) or do u need to hold it for the full 8 hours ?
[2016-10-20 06:08:49] chromaticcr1 : billyboy402: if you have a position during UTC time 12:00, 20:00, 4:00 sharp, you are subject to funding
[2016-10-20 08:01:15] REKT : Liquidated short on `XBTUSD`: Buy 55000 @ 626.69 **EPIC REKT** :unamused: :confounded: :astonished:
[2016-10-20 08:02:06] chromaticcr1 : lol
[2016-10-20 08:43:18] martinium : Is REKT a bot that announces liquidations?
[2016-10-20 09:04:16] zanza : negative funding
[2016-10-20 09:09:08] wurstgelee : martinium: yes
[2016-10-20 09:15:25] Gr33d : Who decided to short BTC right after it just dumped, at 100x? :S
[2016-10-20 09:16:24] Gr33d : pro tip: Don't do that.
[2016-10-20 09:41:17] billyboy402 : hehe love ur pro tips
[2016-10-20 09:48:56] Gr33d : ;)
[2016-10-20 10:25:05] Boontjie : It was 8 bitcoins too, big bet
[2016-10-20 10:25:13] Boontjie : 0.8
[2016-10-20 10:31:26] clipperhawk : ,,,☺
[2016-10-20 11:50:30] billyboy402 : dont know why bot dont turn off there buy order when it so close to funding ..... your going to pay 0.26% in 10 min + paying broker fees to open the trade
[2016-10-20 11:51:01] billyboy402 : on ether
[2016-10-20 12:00:52] BitMEX_Wally : The bots will raise their prices by 0.26% after funding has been charged :)
[2016-10-20 12:03:11] billyboy402 : so in 8 hours we will pay 0.21% if we are long . regardless what happen to the price now
[2016-10-20 12:03:48] billyboy402 : I always thought the funding was veriable and change when the price was obove and below the index price
[2016-10-20 12:10:59] BitMEX_Wally : The funding is variable, there is just an 8 hour lag
[2016-10-20 14:47:58] martinium : wish there was more volume here
[2016-10-20 14:52:56] aromanov : hey guys
[2016-10-20 14:52:57] MrRGnome : That 8 hour lag creates some very counter intuitive price action. It's meant to incentivize market volume on the resistance side to keep price close to the mark price, but often in a given 8 hour period a trend will change, incentivizing volume on the wrong side of the orderbook creating divergence from the mark price.
[2016-10-20 14:54:06] Rado : MrRGnome: The divergence is small and it also gives you opportunity to get in on a trade
[2016-10-20 14:56:27] BitMEX_Greg : aromanov: Morning
[2016-10-20 14:57:12] MrRGnome : When it is working on the correct side of the orderbook, sure. When you have a 0.8%, 0.7%, and a 0.5% funding period one after another while the price is dropping 10% you end up with a very unbalanced orderbook and much higher mark price divergence.
[2016-10-20 14:57:18] BitMEX_Greg : MrRGnome: Yeah its hard to balance. We thought about doing smaller time frames but then it becomes too volatile. Longer timeframes and its too expensive and exaggerates the issue you are talking about
[2016-10-20 14:59:04] MrRGnome : BitMEX_Wally: You still kicking around? @BitMEX_Greg suggested you were the man with answers regarding the technical complexity of displaying the current per instrument insurance fund balance as well as competing technical priorities
[2016-10-20 14:59:39] BitMEX_Greg : MrRGnome: I know they have been discussing it yesterday. We should have some answer soon
[2016-10-20 15:00:50] MrRGnome : It's good to know it is getting attention, squeaky wheel gets the grease and all that.
[2016-10-20 15:32:19] Rado : 534 users
[2016-10-20 15:32:45] Rado : why so many join the chat, but never speak?
[2016-10-20 15:33:06] Rado : ?
[2016-10-20 15:33:18] BitMEX_Greg : Rado: Everyone joins the chat as they log into the site. Silent observers
[2016-10-20 15:33:26] Rado : ahh
[2016-10-20 15:33:28] MrRGnome : Everyone is shy.
[2016-10-20 15:33:30] Rado : that makes sense
[2016-10-20 15:33:43] Rado : forgot that you are automatically entered into the chat
[2016-10-20 15:34:04] Rado : it's a good indicator to see how many people are on
[2016-10-20 15:34:05] Rado : :-)
[2016-10-20 15:34:28] BitMEX_Greg : Would be interesting to see the correlation between the number of users and the price
[2016-10-20 15:34:45] BitMEX_Greg : or volatility
[2016-10-20 15:35:35] Rado : yes
[2016-10-20 15:35:38] Rado : also volume
[2016-10-20 16:01:13] dasdfasdf : Is there anything in the works here with hardware wallets?
[2016-10-20 16:06:19] BitMEX_Greg : dasdfasdf: Nothing yet, I'll bring it up with Sam and the others see what they think
[2016-10-20 16:19:46] Rado : Trezor and Bitstap teamed up to create a solution
[2016-10-20 16:19:51] Rado : Bitstamp
[2016-10-20 16:24:48] BitMEX_Greg : yeah saw that
[2016-10-20 16:27:52] REKT : Liquidated long on `XRP7D`: Sell 275000 @ 0.00001423
[2016-10-20 18:24:07] REKT : Liquidated long on `XRP7D`: Sell 65402 @ 0.00001422