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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[2015-09-27 21:28:24] Gemz : with a profit
[2015-09-27 21:28:52] j8 : your take profit order will be a normal order under the Limit tab
[2015-09-27 21:30:28] Gemz : so if im short and my profit price to get out is 230, i got to the limit tab type 230 and clock in sell / short?
[2015-09-27 21:30:47] j8 : if you're short you need to buy
[2015-09-27 21:31:01] Gemz : right my mistake
[2015-09-27 21:31:37] Gemz : doesnt that create a whole new position instead of adding a limit to my existing open position?
[2015-09-27 21:32:19] Gemz : i thought i need to use the stop limit tab
[2015-09-27 21:32:36] j8 : you can only have one position open per contract, so if you buy the same amount as you've sold it'll close
[2015-09-27 21:33:34] Gemz : i see
[2015-09-27 21:34:12] j8 : stop limit isn't really used to take profit, unless you're already in profit, then you could use it like a trailing stop
[2015-09-27 21:36:00] Gemz : i see, so iwant to add a limit and a stop to my short position which is 1 contract, for the limit i got to limit tab type in quantity 1 and limit price 230 and press buy / long is it correct?
[2015-09-27 21:37:34] j8 : yes
[2015-09-27 21:38:31] Gemz : and for a stop i do the same but then press sell / short with a different price, so in total 3 contracts, entry price, limit and stop
[2015-09-27 21:38:56] malakas : kind of a slow day today isn't it?
[2015-09-27 21:39:02] j8 : you also need to buy for your stop
[2015-09-27 21:39:35] Gemz : o ok so limit and stop both buy/ long tab?
[2015-09-27 21:39:40] j8 : yep
[2015-09-27 21:40:12] Gemz : doesnt matter if im shorting or longing?
[2015-09-27 21:40:32] j8 : they both need to be the opposite of your entry
[2015-09-27 21:41:43] galix621@gmail.com : rofl, why does it take up to 24h to withdraw
[2015-09-27 21:41:44] galix621@gmail.com : lolol
[2015-09-27 21:41:45] Gemz : i see so if my entry is short my limit and stop are buys, if my entry is long my limit and stop are sells
[2015-09-27 21:42:53] galix621@gmail.com : this 1 withdraw per day is a joke right?
[2015-09-27 21:45:37] j8 : Gemz: yeah that's right. if you panic and just want to close at market you can use the Close Position tab too.
[2015-09-27 21:45:54] Gemz : thanks alot
[2015-09-27 21:46:15] j8 : no prob
[2015-09-27 21:46:39] lockhedge : galix621@gmail.com: for security (your money does not disappear) reasons, actually you shouldn't use your email as username for similar reasons. just don't deposit money here if you need it to by breakfast tomorrow ;)
[2015-09-27 21:48:06] galix621@gmail.com : with 2FA there is actually no reason to hold withdraws...
[2015-09-27 21:49:52] galix621@gmail.com : and I have no idea why it put my e-mail as my nickname..
[2015-09-27 21:50:49] lockhedge : galix621@gmail.com: the exchange needs a hot wallet for instant withdraws. insurance for this hot wallet has to be paid (with your fees and/or with higher counterparty risk)
[2015-09-27 21:50:59] malakas : I don't think it's so much about personal account security as it is for the security of the whole operation. Think of all the services that got hacked, manual withdrawals add one more level of security.
[2015-09-27 21:51:34] belcher : that relies on trusting your database, else you could be manually filling the thief's pockets
[2015-09-27 21:52:34] galix621@gmail.com : well, I mean there is not a single exchange out there without an hot wallet..
[2015-09-27 21:52:57] j8 : you mean, there's only one
[2015-09-27 21:54:22] belcher : hey would the devs consider implementing this? https://iwilcox.me.uk/2014/proving-bitcoin-reserves
[2015-09-27 21:54:43] galix621@gmail.com : yea
[2015-09-27 21:54:57] lockhedge : there is not a single exchange out there with low enough counterparty risk to attract professional traders (i mean only one)
[2015-09-27 22:04:04] BitMEX_Sam : belcher: Yeah, I've read that article, would love to implement it but the method is somewhat at odd with the idea of offline cold storage
[2015-09-27 22:04:47] belcher : once per day you could access cold storage and use it to create a signature?
[2015-09-27 22:50:52] belcher : are any of you refugees from bitfinex ?
[2015-09-27 22:55:42] BitMEX_Sam : belcher: It is technically possible but would require a lot of custom software. Hoping to do it some day soon though.
[2015-09-27 22:56:20] belcher : sounds good
[2015-09-27 23:36:12] chueche : please bring back volatility futures, Bitcoin is too stable ;-)
[2015-09-28 03:48:27] zanza : what is this spike? The volatility futures were too low volume, focusing on fewer products will help liquidity
[2015-09-28 03:56:55] zanza : SnP will hit 1800's today imo
[2015-09-28 04:18:20] BitMEX_Arthur : Where is it at now?
[2015-09-28 04:18:39] zanza : 1916
[2015-09-28 04:45:13] Bitcoingirl : zanza: do you think the feds will stop Zero Interest Rate Policy anytime before 2020?
[2015-09-28 04:45:21] Bitcoingirl : or will we be perpentually at <0.5% ?
[2015-09-28 04:45:30] Bitcoingirl : &lt;0.5%?
[2015-09-28 04:48:03] zanza : hah, good question :)
[2015-09-28 04:48:40] zanza : honestly, my only prediction is QE4 very soon and possssibly negative interest rates in the future
[2015-09-28 04:49:46] zanza : so I will probably go long on SnP, especially if it hits 1800's
[2015-09-28 04:50:32] ksinvest : BitMEX_Arthur: only a bit more competition and spread on XBUZ15 became $3 tighter. let's see if we can save XBU. XBT24H is developing great, congrats! doing my first tests on XBT now.
[2015-09-28 04:52:58] BitMEX_Arthur : The big issue is that having two sets of futures confuses 90% of traders
[2015-09-28 04:53:09] j8 : XBU is pretty untradeable with the fees where they are, i think
[2015-09-28 04:53:42] BitMEX_Arthur : Well the fees have to be higher to cover the settlement guarantee
[2015-09-28 04:53:59] BitMEX_Arthur : Which i agree for speculators might not be as appealing
[2015-09-28 04:54:22] j8 : yeah, it'll never be an active market without the speculators though.
[2015-09-28 04:54:57] j8 : you need people willing to scalp 1$ moves
[2015-09-28 04:55:47] zanza : hedging has its place
[2015-09-28 04:56:04] zanza : for big HODL'ers
[2015-09-28 04:56:14] BitMEX_Arthur : Bitcoiners want to gamble not hedge
[2015-09-28 04:56:18] BitMEX_Arthur : is what we have learned
[2015-09-28 04:56:36] ksinvest : i am doing some testing and will send a proposal for higher fees for designated market makers on XBU and lower fees for traders, XBU has a great marketstructure for market makers, so i guess i could pay more fees if i get more volume in exchange
[2015-09-28 04:57:02] BitMEX_Arthur : Most market makers are not so elightened
[2015-09-28 04:57:13] BitMEX_Arthur : But I am interested in your suggestion
[2015-09-28 04:57:41] BitMEX_Arthur : We are responsive to you guys to welcome the sugg
[2015-09-28 05:01:49] ksinvest : imho in the long run it's important that you attract a diversified crowd of traders, there are usually not a lot of short sellers and hedgers on XBU but very high volume during the crashes a lot of people did short selling and hedging on XBU24H
[2015-09-28 05:01:50] j8 : i'm sure there is a market for hedging, maybe it would work better as a brokered service or something.
[2015-09-28 05:02:22] BitMEX_Arthur : Our short term goal is to simplify things
[2015-09-28 05:02:35] BitMEX_Arthur : That is why we delisted a few products
[2015-09-28 05:07:04] ksinvest : 4 XBU contracts was definitely too many, only led to a fragmentation of liquidity,
[2015-09-28 05:12:37] ksinvest : hedging with long term XBU is like earning interest, you can now e.g. 'freeze' your BTC at 239.09 ($2 above spot) until December
[2015-09-28 05:13:04] BitMEX_Arthur : Yeah the problem is that the contango is non existent in the XBU
[2015-09-28 05:13:12] BitMEX_Arthur : when I started trading Bitcoin it was 200% annualised
[2015-09-28 05:13:16] BitMEX_Arthur : a no brainer trade
[2015-09-28 05:13:21] BitMEX_Arthur : on ICBIT at the time
[2015-09-28 05:13:35] j8 : 1broker is testing a btc/usd CFD which could be a hedging product
[2015-09-28 05:13:56] BitMEX_Arthur : Lol anyone who thinks they are hedging on 1broker needs to get their head examined
[2015-09-28 05:14:02] BitMEX_Arthur : CFDs are not designed for hedging
[2015-09-28 05:14:24] BitMEX_Arthur : the over night fees will destroy you, but you will go bust first because you have to take out the max leverage
[2015-09-28 05:15:49] j8 : fees yes, counterparty risk yes.. max leverage? don't think so
[2015-09-28 05:16:55] j8 : whats the issue with CFD's in general? save me a trip to the head doctor
[2015-09-28 05:17:17] BitMEX_Arthur : A CFD brokers job is to make you go bankrupt
[2015-09-28 05:17:31] BitMEX_Arthur : because hedging every customer order is capital inefficient
[2015-09-28 05:17:43] BitMEX_Arthur : so you have very small spread but high over night and you make your clients take the max leverage
[2015-09-28 05:17:47] BitMEX_Arthur : so that they go bankrupt
[2015-09-28 05:18:06] BitMEX_Arthur : if they aren't doing it that way they should
[2015-09-28 05:18:41] j8 : leverage is adjustable down to 1:1
[2015-09-28 05:18:53] BitMEX_Arthur : Interesting
[2015-09-28 05:19:10] BitMEX_Arthur : Guess I would run it a bit differently
[2015-09-28 05:19:20] BitMEX_Arthur : but different strokes for different folkes
[2015-09-28 05:20:51] j8 : yeah, i guess its different when you're trading against the house.
[2015-09-28 05:21:08] BitMEX_Arthur : At 1:1 you actually need to hedge stuff
[2015-09-28 05:21:16] BitMEX_Arthur : and given limited capital that is expensive
[2015-09-28 05:24:11] ksinvest : BitMEX_Arthur: i actually did not know the word 'cotango', maybe i will lose all my money now. cost of carry does exist, right? so you can at least calculate the ask as mm...
[2015-09-28 05:24:51] j8 : i figured they would be hedging most of their markets. not on a per order basis, but net across all clients, plus profit off spread
[2015-09-28 05:25:05] BitMEX_Arthur : j8: I doubt they hedge much
[2015-09-28 05:25:14] j8 : interesting
[2015-09-28 05:25:15] BitMEX_Arthur : It's just too expensive given the amount of order flow they get
[2015-09-28 05:26:37] ksinvest : yes, you just need volume on both sides. the bid does not really matter for me as soon as the turnover rate is high enough.
[2015-09-28 05:29:17] ksinvest : i try about 1% above spot now on XBUZ15, so let's see if there is some elasticity in the demand...
[2015-09-28 05:30:33] ksinvest : supply side (other mm, 5 times bigger than me) already reacted and is quoting now above spot too, again
[2015-09-28 05:34:58] ksinvest : had some misconfiguration at the start and sold 4 contracts at 234.84 earlier, maybe i shouldn't push the price now :)
[2015-09-28 07:14:18] cengel : RIP ask side XBTV15
[2015-09-28 07:53:17] zanza : new Walking Dead is so good!
[2015-09-28 08:57:14] BitMEX_Arthur : Big move on `XBTH16` basis, it's down 8% annualised today
[2015-09-28 08:57:57] malakas : nice profit on XBT24H
[2015-09-28 08:58:52] Myros27 : is 24 H new?
[2015-09-28 09:02:06] BitMEX_Arthur : yes it was listed friday
[2015-09-28 09:13:31] billyboy402 : how do you cal the index price again ?
[2015-09-28 09:16:12] BitMEX_Wally : All our `XBT` futures reference TradeBlock
[2015-09-28 09:17:09] BitMEX_Wally : `XBT24H` settles on a 30 minute TWAP calculated from the TradeBlock XBX Index
[2015-09-28 09:17:13] BitMEX_Wally : https://www.bitmex.com/app/index/.XBT30M
[2015-09-28 09:46:27] cengel : Wally - if we leave an order in the XBT24H book will it stay in at expiree/reissue?
[2015-09-28 09:46:48] BitMEX_Arthur : No they wont
[2015-09-28 09:56:56] cengel : okay so its same as other dailies good
[2015-09-28 09:57:13] cengel : safer to confirm than to assume
[2015-09-28 10:52:17] Gemz : noob question, why is my available funds increasing while im not even in a trade?
[2015-09-28 10:52:49] BitMEX_Arthur : You mean you have no positions?
[2015-09-28 10:52:54] Gemz : yes
[2015-09-28 10:53:25] Gemz : i remember i had 9,992 uxbt now its 9,997 xbt
[2015-09-28 10:53:37] Gemz : uxbt*
[2015-09-28 10:55:42] BitMEX_Arthur : We will take a look at your account and get back to you
[2015-09-28 10:55:51] Gemz : ok
[2015-09-28 11:09:07] BitMEX_Arthur : Gemz: You had an open order that you cancelled and that freed up initial margin
[2015-09-28 11:10:45] Gemz : o ok thanks
[2015-09-28 11:58:42] cryptosys : Analysis on blog says buy XBTU15... shouldn't that be XBTV15?
[2015-09-28 12:21:56] hashman : why is xbth16 down?
[2015-09-28 12:31:13] zanza : up for me
[2015-09-28 12:36:36] hashman : all the other contracts are up around 2%,
[2015-09-28 12:36:55] hashman : xbth16 is off -0.43%
[2015-09-28 12:37:07] hashman : time to buy?
[2015-09-28 12:38:46] hashman : buy buy buy
[2015-09-28 12:39:40] BitMEX_Arthur : It does look cheap
[2015-09-28 13:13:33] ContourTrade : Is BitMEX banning usa accounts?
[2015-09-28 13:45:10] zanza : yeah, someone sold a ton of XBTH16 earlier
[2015-09-28 13:45:27] zanza : 25k
[2015-09-28 14:11:28] Libertyrisk : What does it mean to isolate margin?
[2015-09-28 14:21:35] BitMEX_Sam : Libertyrisk: By default, all positions draw from your shared margin pool to keep you from liquiation. So a losing position will draw from your entire margin pool as it loses value.
[2015-09-28 14:22:03] BitMEX_Sam : If you isolate, it locks in margin assigned to that position only. If it loses value, it will use up the margin assigned to that position. If it runs out of margin, the position will be taken over by the system and liquidated.
[2015-09-28 14:22:31] BitMEX_Sam : Essentially, isolating limits your downside but makes it more likely that you will be liquidated, as there is a smaller margin pool to draw from.
[2015-09-28 14:23:23] ContourTrade : Whats that post on reddit about USA accounts?
[2015-09-28 14:24:04] BitMEX_Sam : Sorry, ContourTrade, we can't comment here, but please feel free to email us at support@bitmex.com
[2015-09-28 14:28:06] zanza : I think they said an official announcement is coming up this week
[2015-09-28 18:16:39] gustavo7 : that xbu spread
[2015-09-28 18:18:48] BitMEX_Sam : Yeah, it's looking a bit lean today
[2015-09-28 18:19:45] gustavo7 : will there be a new xbu contract sooner or later?
[2015-09-28 18:20:25] BitMEX_Sam : We're evaluating, we are looking to shore up some liquidity on it
[2015-09-28 18:21:29] gustavo7 : maybe a monthly overlap is well enough
[2015-09-28 18:25:30] BitMEX_Sam : For a while it has had too many expiries which splits liquidity. We are refocusing.
[2015-09-28 18:26:44] Mastablasta33 : Did we lose the market maker in XBU? Usually the weekdays are fine
[2015-09-28 19:07:20] miratrader : spreads are much worse today, on XBT as well
[2015-09-28 19:30:15] BitMEX_Sam : Yeah, that usual XBT market maker has been retooling and testing to work with the websocket
[2015-09-28 20:41:04] sith_wampa : How exactly does the isolate margin checkbox work
[2015-09-28 20:41:19] sith_wampa : I see it goes up or down over time, but it also resets when toggled
[2015-09-28 20:43:16] BitMEX_Sam : sith_wampa: When enabled, it puts the initial margin percentage into the position and isolates the position from the rest of your margin.
[2015-09-28 20:43:41] BitMEX_Sam : The default mode is cross margin, where margin across all positions is shared and you draw from your entire wallet balance to keep positions open.
[2015-09-28 20:43:54] BitMEX_Sam : This is good to stave off liquidation (which is costly), but with high leverage can be dangerous.
[2015-09-28 20:44:30] BitMEX_Sam : So if you isolate margin, you limit your losses by assigning a certain amount of Bitcoin to that position.
[2015-09-28 20:44:53] BitMEX_Sam : You see your effective leverage go up and down as the price moves because the amount of margin assigned to the position does not change.
[2015-09-28 20:45:48] BitMEX_Sam : Does that help?
[2015-09-28 20:47:07] miratrader : BitMEX_Sam: I think it would helpful to show how much XBT is reserved to keep the position open when isolate margin is selected
[2015-09-28 20:47:42] miratrader : * how much BTC
[2015-09-28 20:47:44] BitMEX_Sam : miratrader: It is there, that's the `Maint. Margin` item.
[2015-09-28 20:49:00] miratrader : I thought that Maint. Margin changes from time to time, am I wrong?
[2015-09-28 20:51:28] miratrader : it shouldn't change when isolate margin is selected, right?
[2015-09-28 20:52:55] BitMEX_Sam : miratrader: It's the opposite.
[2015-09-28 20:53:51] BitMEX_Sam : One second, let me get you some specifics.
[2015-09-28 20:56:29] sith_wampa : So normally it would use up all of my margin before liquidating, but when isolate margin is checked it will liquidate at some other threshold?
[2015-09-28 20:57:10] BitMEX_Sam : sith_wampa: Yes. For instance, long-dated XBT futures (1 week and beyond) have a 4% initial margin and 1% maintenance margin, which means you start at 25x and can move up to 100x before liquidation.
[2015-09-28 20:57:53] BitMEX_Sam : So in isolated margin mode, you will be liquidated once your equity reaches 1%. But without isolating, you won't be liquidated until your entire margin balance equals 1% of that position's value, which is often quite far away.
[2015-09-28 20:58:00] BitMEX_Sam : Of course, other positions can influence that.
[2015-09-28 20:58:16] BitMEX_Sam : You'll see your liquidation price move as you toggle the isolation checkbox.
[2015-09-28 20:58:39] BitMEX_Sam : miratrader: So, on DPE contracts, initial and maintenance margin work somewhat differently than on other contracts because of the high leverage.
[2015-09-28 20:58:54] osheagavideo : hi
[2015-09-28 20:59:08] BitMEX_Sam : Essentially, we lock out the entire initial margin amount, whereas on XBU contracts you could reinvest that money in other contracts after the next 8hr session ended.
[2015-09-28 20:59:10] BitMEX_Sam : osheagavideo: Hey.
[2015-09-28 20:59:28] osheagavideo : BitMEX_Sam: i saw you have a promotion no fees...
[2015-09-28 20:59:42] BitMEX_Sam : miratrader: So, maintenance margin = initial margin on DPE contracts when the position is not isolated.
[2015-09-28 21:00:18] BitMEX_Sam : But when the position is isolated, you'll see that maintenance margin amount go down as you lose equity in the position. It is allowed to go down to the maint margin % threshold, which on XBT contracts is 1%.
[2015-09-28 21:00:46] BitMEX_Sam : So if you had a position with a value of 3 Bitcoin, your maint. margin could go down to 0.03 Bitcoin before you'd see liquidation.
[2015-09-28 21:01:06] BitMEX_Sam : osheagavideo: Sorry, that ended at the beginning of the month. We have low fees on most contracts, see https://www.bitmex.com/app/fees
[2015-09-28 21:01:18] miratrader : BitMEX_Sam: ok, I see, thanks. I didn't know it works differently for XBT than XBU.
[2015-09-28 21:01:50] BitMEX_Sam : miratrader: Yeah, unfortunately it has to. Otherwise users could effectively leverage themselves up to 100x by continually releveraging.
[2015-09-28 21:02:47] miratrader : Yes, I understand that, thanks for the explanation.
[2015-09-28 21:03:21] osheagavideo : miratrader: so free for market maker but thetaker is bigger than okcoin 0.003
[2015-09-28 21:03:44] osheagavideo : o k c o i n
[2015-09-28 21:05:47] BitMEX_Sam : osheagavideo: Our Taker fee is more at 0.05% (OKC's is 0.03%), but our Maker fee is less at 0 (OKC's is 0.03%).
[2015-09-28 21:06:15] osheagavideo : ok i understand...
[2015-09-28 21:06:41] osheagavideo : if a trade a lot do you give rebate discount im a former day trader...
[2015-09-28 21:07:13] miratrader : osheagavideo: maker/taker fee structure totally makes sense, BitMEX is trying to attract more liquidity
[2015-09-28 21:07:32] BitMEX_Sam : osheagavideo: Yeah, if you're willing to market make any of the contracts we have rebates available depending on size & spread.
[2015-09-28 21:07:44] osheagavideo : wha @BitMEX_Sam what about a stake in your company ??? whre are you located on earth ?
[2015-09-28 21:07:54] BitMEX_Sam : Generally we take those discussions off the trollbox, if you'd like to work something out you can email us at info@bitmex.com
[2015-09-28 21:08:12] BitMEX_Sam : osheagavideo: Most of our partners are in Hong Kong, but the company is incorporated in the Seychelles.
[2015-09-28 21:08:27] osheagavideo : so you are in hk
[2015-09-28 21:08:35] osheagavideo : im in montreal...
[2015-09-28 21:08:50] BitMEX_Sam : I travel often. I'm not in HK at the moment.
[2015-09-28 21:11:42] osheagavideo : all my friends think i'm crazy to be on btc but i know btc is the only solution for fiat system...and i do know at the speed there printing all those governements of the world btc will move big eventually soon or later...most of the people are affraid of the volatility...but they will be no other solution...
[2015-09-28 21:12:25] osheagavideo : patience is gold...
[2015-09-28 21:12:26] BitMEX_Sam : re: volatility, that's what futures are great for. Although volatility has been very, very low lately.
[2015-09-28 21:13:00] osheagavideo : BitMEX_Sam: btc is dead now it's crazy but that's a good sign of consolidation....
[2015-09-28 21:13:07] BitMEX_Sam : See our daily volatility calculations: https://www.bitmex.com/app/index/.BVOL
[2015-09-28 21:13:27] BitMEX_Sam : Rather, those are smoothed out over 30 days, but it gives a better picture without individual bumps.
[2015-09-28 21:13:39] BitMEX_Sam : Yeah. I don't think it's dead in the slightest. Just waiting for its killer app.
[2015-09-28 22:18:10] j8 : did you guys see coinsetter's aggressive maker rebates.. i wonder if they'll gain some relevance
[2015-09-28 22:41:31] ksinvest : j8: "Earn: 0.10% Rebate" aggressive but at least transparent kickback policy. actually as a market maker you don't care about fees in absolute terms as long as you don't pay higher fees than other liquidity providers.
[2015-09-28 22:45:32] j8 : i guess so, means they should have a very tight spread anyway.
[2015-09-28 22:49:58] ksinvest : actually they should have a relatively constant 1 cent spread, HFT liquidity providers will make their guaranteed 0.1% profit on every trade with this model, no need to earn the spread.
[2015-09-28 22:50:46] j8 : yep, seems they have a lot going for them if they can get the liquidity. legit in NY, zero interest margin
[2015-09-28 23:03:39] ksinvest : bid:239.02 ask:239.05 at Coinsetter and 0.3% taker fees (low volume) - so you are better off trading with 0.05% fees and 0.2% spread (e.g. XBT24H)
[2015-09-28 23:09:20] ksinvest : a market maker providing about 85% of the asks on XBT24H seems to have some troubles (only 6531 on the ask side now, then suddenly again more than 40000)
[2015-09-28 23:09:25] j8 : sure, futures aren't for everyone though. could beat bitfinex and bitstamp when you account for spread
[2015-09-28 23:09:39] ksinvest : true
[2015-09-28 23:16:27] ksinvest : and finally i understand now why Bitlicence makes "sense" :)
[2015-09-28 23:16:47] BitMEX_Arthur : ksinvest: Y is that?
[2015-09-28 23:22:06] ksinvest : it's a competition for liquidity (and regulatory control) on a more macro level, or you could call it "protectionism" for local businesses that create jobs in NY
[2015-09-28 23:24:56] ksinvest : the "HFT robot's union" did a good lobbying job , i guess :)
[2015-09-28 23:28:51] BitMEX_Arthur : Giddy up
[2015-09-28 23:28:54] BitMEX_Arthur : we going for $250
[2015-09-28 23:40:15] j8 : man, okc is a mess. they keep dropping btc china from their index then adding it back. changes the index by like 50 cents
[2015-09-28 23:41:14] BitMEX_Arthur : Choose your casino operators wisely :)
[2015-09-28 23:42:03] j8 : yup. its an easy manipulation
[2015-09-28 23:42:36] j8 : an external index is a good call.
[2015-09-28 23:57:43] miratrader : crazy ETH volume on Poloniex and Kraken, panic sets in
[2015-09-28 23:58:35] BitMEX_Arthur : To the core
[2015-09-28 23:58:55] miratrader : I guess we will see real panic when ETH drops below presale prcies
[2015-09-29 00:01:17] miratrader : BitMEX_Arthur: thank you for giving us the way to short ETH without holding it :-)
[2015-09-29 00:01:39] BitMEX_Arthur : Yeah fuck shit coins
[2015-09-29 00:02:10] loke : miratrader: hear hear!
[2015-09-29 00:08:53] ksinvest : could be somehow dangerous for the Bitcoin price if part of the fintech bubble collapses because too many VCs invested in shit coin startups. but funding for crypto startups is still growing. the probability that funding in the ecosystem won't grow anymore in the next 6 month is very low.
[2015-09-29 00:13:09] ksinvest : on the other side: probability is very high that Bitcoin will be more in the $350 area after the fear-of-fork bubble bursts in January 2016.
[2015-09-29 00:17:21] miratrader : ksinvest: VC model assumes that 90% of companies will fold, so no problems there
[2015-09-29 00:18:12] thisisformuchfun : miratrader might end up being more like 99%
[2015-09-29 00:19:20] miratrader : 99% might be a problem if there are no huge exits for the last 1%
[2015-09-29 00:25:08] ksinvest : right, and there are more and more traditional VCs and newly set up fintech funds by Banks that add a crypto startup to their portfolio
[2015-09-29 00:30:54] miratrader : well, traditionally fintech and medical startups were the hardest startups to get funding for. It changed somewhat with bitcoin/blockchain for fintech startups but most VCs are still hesitant. It can change with one hugely successful exit of course.
[2015-09-29 00:32:34] miratrader : Most VCs exhibit strong herd mentality :-)
[2015-09-29 00:39:05] ksinvest : exactly, if they are not hesitant anymore, it's more likely that a bubble will burst soon. don't think that the current hesitation/growth combo is a bad thing.
[2015-09-29 00:42:01] ksinvest : have been on a ycombinator application party last week and talked to some VC people about Bitcoin. all of them said: "we are highly interested but have to admit that we don't really understand it yet. we are normally not investing in stuff we don't fully understand"
[2015-09-29 00:47:32] miratrader : yep, there are very few forward-thinking VCs unfortunately. I think angels will play bigger role in startup financing in the future. AngelList is doing VERY well.
[2015-09-29 00:49:53] ksinvest : yes :) you just have to find the people who (at least believe that they) understand crypto
[2015-09-29 00:51:40] ksinvest : and most VCs are even investing in something they don't fully understand, if they 100% believe in the team
[2015-09-29 00:52:16] ksinvest : and if the idea is really bold...
[2015-09-29 00:54:00] ContourTrade : lets get this party started
[2015-09-29 01:00:40] ContourTrade : what the hell
[2015-09-29 01:03:32] ksinvest : and Bitcoin lost about $14m market cap because of this :)
[2015-09-29 03:09:34] laisee : 14m is just a rounding error, no?
[2015-09-29 06:23:45] zanza : wow Ethereum
[2015-09-29 07:05:24] lockhedge : laisee: 14m equals about $1 price drop, anyway the price is up again
[2015-09-29 07:08:34] lockhedge : usual legal disclaimer: i'm a ksinvest sock(et) puppet running infamous $10 market making bot, now on XBT24H, liquidity provision with more than 2x leverage https://twitter.com/RobotFinance
[2015-09-29 11:34:22] calamar182 : hey babys
[2015-09-29 11:34:35] calamar182 : The XBU has got now a prime?
[2015-09-29 11:47:55] BitMEX_Wally : prime market maker?
[2015-09-29 11:48:00] BitMEX_Wally : There are a few
[2015-09-29 12:07:36] lockhedge : BitMEX_Wally: is it possible to disclose how many designated market makers are (how much) providing liquidity? not the identity just infos about open orders and account balances? i would agree :)
[2015-09-29 12:08:15] BitMEX_Wally : Open orders you can see from the order book
[2015-09-29 12:08:26] lockhedge : sure
[2015-09-29 12:08:44] BitMEX_Wally : Account balances... let's just say our market makers are well capitalised
[2015-09-29 12:09:46] lockhedge : and publish designated market makers contracts (as on traditional exchanges)?
[2015-09-29 12:13:00] lockhedge : on traditional exchanges you can see even the names of the companies, i think that's not necessary, but basic information: how many on each contract, on what terms, market/liquidity share
[2015-09-29 12:17:46] cengel : someone mentioned before also to show liquidations and transparent insurance fund like okc0in
[2015-09-29 12:26:28] lockhedge : problem: i have to calculate the worst case scenario, that this 10000 contracts bid (235.50) on XBT24H is just $200 with 50x leverage (fake liquidity) that will vanish once the top of the orderbook gets filled. more transparency = less uncertainty, can make this situation only better
[2015-09-29 12:28:13] lockhedge : $112.25, not $200 for liquidity of 10000 contracts in the worst case
[2015-09-29 12:33:55] BitMEX_Wally : lockhedge: I can confirm that those bids are genuine
[2015-09-29 12:35:00] lockhedge : sure, genuine market orders with up to 50x leverage
[2015-09-29 12:35:21] BitMEX_Wally : The market maker behind those orders is not using 50x leverage
[2015-09-29 12:36:40] lockhedge : i'm using about 2x leverage for $10 bot, is it above or below the average?
[2015-09-29 12:37:47] BitMEX_Wally : Average margin leverage is 0.82x
[2015-09-29 12:37:59] BitMEX_Wally : Meaning no leverage
[2015-09-29 12:38:51] lockhedge : for designated market makers? (i guess there is higher average leverage exchange-wide for traders...)
[2015-09-29 12:39:02] BitMEX_Wally : Of course, I'm just looking at market makers
[2015-09-29 12:39:25] BitMEX_Wally : If I exclude XBU market makers (who are more conservative and generally delta hedged) then the average is around 1.5x
[2015-09-29 12:40:40] lockhedge : thanks for this info! so i'm the 50% fake liquidity guy here with $10 bot, not the big guys :)
[2015-09-29 12:41:46] BitMEX_Wally : Please email support@bitmex.com to discuss becoming a designated market maker :)
[2015-09-29 12:44:14] lockhedge : i'm already with my ksinvest account, this is only for testing new code (Arthur knows i opened a second account), would be glad to become member of this exclusive DMM circle with $10 bot ^^
[2015-09-29 14:04:56] Libertyrisk : What do you use for your bot lockhedge, are you making Api calls from something running on your system or is there an easier/preferred way to writing from scratch?
[2015-09-29 14:05:26] BitMEX_Sam : Libertyrisk: We have a starter project if you're interested.
[2015-09-29 14:05:41] BitMEX_Sam : Supports websockets, API Key auth, and so on. https://github.com/BitMEX/market-maker
[2015-09-29 14:05:45] Libertyrisk : Where can I read about it?
[2015-09-29 14:05:51] Libertyrisk : oh cool thanks
[2015-09-29 14:06:53] Libertyrisk : Is this what your market makers use? I'm sure they have personalized modifications
[2015-09-29 14:07:19] Libertyrisk : having the framework to interact with your market would be a great start though thanks :)
[2015-09-29 14:07:41] Libertyrisk : How well capitalized do you need to be to get MM designation?
[2015-09-29 14:08:57] BitMEX_Sam : They usually make modifications, yes - for instance it is probably prudent to track your position
[2015-09-29 14:09:15] BitMEX_Sam : Re: capitalization, we usually speak about that privately - if you're interested in going further with it, email us at info@bitmex.com
[2015-09-29 14:10:11] Libertyrisk : Cool thanks, this is great, well commented too :)
[2015-09-29 14:11:13] Libertyrisk : Besides market making, you guys are ok with any type of bot behavior? (Non malicious of course)
[2015-09-29 14:11:26] BitMEX_Sam : Of course
[2015-09-29 14:11:36] BitMEX_Sam : The exchange is designed to be easy to program for.
[2015-09-29 14:12:11] Libertyrisk : do you have a sense for how much volume is bots vs "retail" traders?
[2015-09-29 14:14:17] BitMEX_Sam : Not exactly, we aren't tracking that specifically but we may start.
[2015-09-29 14:14:21] Libertyrisk : This is a pretty cool thing you guys have built
[2015-09-29 14:14:51] Libertyrisk : easy to get volume of Api calls vs web interface I imagine, that would include market makers though
[2015-09-29 14:15:21] Libertyrisk : i can't tell if an order was placed via Ali vs otherwise as an end user I assume?
[2015-09-29 14:16:13] BitMEX_Sam : Well, actually, anything you do on the site goes to the same API
[2015-09-29 14:16:35] BitMEX_Sam : So really the only way for us to know, is 1. If you're using API Keys for auth, or 2. To track the connection from initial auth (did it originate from the website or the API)?
[2015-09-29 14:17:05] BitMEX_Sam : And of course User-Agent, but a lot of people spoof that in their tools just in case sites behave differently for non-browser users
[2015-09-29 14:18:20] Libertyrisk : Gotcha
[2015-09-29 14:20:34] Libertyrisk : Thanks
[2015-09-29 14:20:45] Libertyrisk : how many guys you have working on this?
[2015-09-29 14:22:03] BitMEX_Sam : 3 partners fulltime, then a few others for the edges & marketing
[2015-09-29 14:46:17] sith_wampa : What is the fair price?
[2015-09-29 14:47:00] BitMEX_Arthur : It is the spot price + a BitMEX set offset, it is used to mark the futures for unrealised pnl and margining purposes
[2015-09-29 14:47:00] BitMEX_Arthur : Here read this it explains in detail
[2015-09-29 14:47:09] BitMEX_Arthur : https://www.bitmex.com/app/dynamicProfitEqualisation
[2015-09-29 14:47:21] BitMEX_Arthur : Scroll down the bottom Fair Price Marking
[2015-09-29 16:45:20] eV : can the amount of initial margin (leverage) be adjusted?
[2015-09-29 16:46:11] eV : or manually added to a position
[2015-09-29 16:50:41] mitzip : &btc;
[2015-09-29 16:50:56] mitzip : not yet eV... I've requested that feature
[2015-09-29 16:51:42] BitMEX_Sam : Right, you only transition between isolated (fixed margin) and back, we are working on allowing arbitrary amounts to be added to a position.
[2015-09-29 16:52:54] mitzip : `trade.margin += wallet.transfer(amount);`
[2015-09-29 16:53:01] mitzip : you can use that free of charge
[2015-09-29 16:54:43] BitMEX_Sam : :) If only it were so simple.
[2015-09-29 16:54:56] mitzip : ;) if only
[2015-09-29 17:06:25] eV : the isolate button is nice.
[2015-09-30 03:41:34] SnackyCoins : Affiliate Level (% Commissions) 9.999992318177013% that seems to be broken, isn't the lowest 10%?
[2015-09-30 03:42:01] cengel : that number is 10%
[2015-09-30 03:42:43] SnackyCoins : i realize the difference is non-consequential ;)
[2015-09-30 03:42:55] BitMEX_Wally : Let me check to see what the float is in the database...
[2015-09-30 03:43:35] SnackyCoins : missing out on possibly WHOLE SATOSHIS ;)
[2015-09-30 03:45:57] BitMEX_Wally : Yep, it's 0.1 in the database
[2015-09-30 03:46:04] BitMEX_Wally : I blame JavaScript
[2015-09-30 03:46:32] SnackyCoins : math.round strikes again
[2015-09-30 03:47:06] BitMEX_Wally : That percentage shown is actually calculated from what you've earnt, so if you earnt 10% of 1 XBT and 20% of 1 XBT it would show 15% of 2 XBT
[2015-09-30 03:47:47] SnackyCoins : ah, i thought it was from the turnover
[2015-09-30 03:49:25] BitMEX_Wally : The `Pending` amount is based on total turnover, so it steps from 10% to 20% to 30% etc
[2015-09-30 03:49:47] BitMEX_Wally : The `Awarded`then shows the average %
[2015-09-30 03:57:20] SnackyCoins : nice to know :)
[2015-09-30 16:30:22] lavant : wtf is going on with desposits ?
[2015-09-30 16:31:02] BitMEX_Sam : lavant: We sent an email out earlier on this week. We are now requiring further verification on deposit to ensure users are not within restricted jurisdictions.
[2015-09-30 16:31:45] lavant : is the US no longer able to deposit ?
[2015-09-30 16:31:56] BitMEX_Sam : That's correct.
[2015-09-30 16:33:28] lavant : oh wow the whole US has been shut out
[2015-09-30 16:34:16] czr : i bet is only for a while, while they sort regulations
[2015-09-30 16:34:49] lavant : i sure hope so
[2015-09-30 16:35:36] zanza : does higher leverage give higher liquidity?
[2015-09-30 16:35:40] zanza : and volume?
[2015-09-30 16:35:47] BitMEX_Sam : Usually.
[2015-09-30 16:36:28] BitMEX_Wally : zanza: Yes, we've noticed an increase in the quote sizes and volumes
[2015-09-30 16:36:37] zanza : yeah the XBT daily seems to be kicking well
[2015-09-30 16:36:55] zanza : even the weekly
[2015-09-30 16:37:29] zanza : where are the people complaining about volume? Flibber?
[2015-09-30 16:37:30] zanza : :)
[2015-09-30 16:40:22] BitMEX_Sam : Volume has improved quite a bit in the last month.
[2015-09-30 17:10:34] malakas : BitMEX_Sam: Where can I read about those "restricted jurisdictions"?
[2015-09-30 18:13:32] krtek.net : Hello. Where did Volatility contract went?
[2015-09-30 18:13:50] BitMEX_Sam : malakas: As of today, the only jurisdiction specifically restricted by BitMEX is the USA (see our Terms (https://www.bitmex.com/app/terms), 1.4(j)).
[2015-09-30 18:13:59] BitMEX_Sam : krtek.net: We've suspended it for now to focus liquidity on XBT
[2015-09-30 18:14:06] krtek.net : thx
[2015-09-30 18:14:41] krtek.net : indexes are still working, yes?
[2015-09-30 18:15:31] BitMEX_Sam : Yep, see https://www.bitmex.com/app/index/.BVOL etc
[2015-09-30 21:57:16] thisisformuchfun : how much will this USA ban affect your volume?
[2015-10-01 01:40:23] belcher_ : if i buy/go long one XBU is that like buying USD ?
[2015-10-01 01:44:48] belcher_ : hmm, you cant buy fractional XBU, your hedging must be in units of $100
[2015-10-01 01:48:25] BitMEX_Sam : belcher_: If you're looking to hedge Bitcoin exposure you want to sell XBU
[2015-10-01 11:40:53] notaquant : Are there any plans for implementing a FIX API?
[2015-10-01 11:41:36] BitMEX_Wally : notaquant: We use a lot of the FIX fields for our order/executions, but we do not offer a FIX API yet
[2015-10-01 11:42:09] notaquant : Ah, thank you
[2015-10-01 11:42:49] BitMEX_Wally : Check out our REST API and let me know if you have any questions: https://www.bitmex.com/api/explorer/
[2015-10-01 11:43:59] BitMEX_Wally : The `execution` messages are pushed over WebSocket and look very similar to a `35=8` FIX message
[2015-10-01 11:45:00] notaquant : Thank you, I am aware of your REST API. The thing is, I already have a system in place based on FIX, so that would make supporting BitMEX allot easier.
[2015-10-01 11:48:11] notaquant : I am interested in becoming a designated market maker, does BitMEX offer rebates?
[2015-10-01 11:48:31] BitMEX_Arthur : we offer free taker fees for designated market makers
[2015-10-01 11:48:35] BitMEX_Arthur : the maker fee is already 0%
[2015-10-01 11:48:52] BitMEX_Arthur : if you are interested please email us at support@bitmex.com and we can chat
[2015-10-01 11:49:26] notaquant : Great, thank you
[2015-10-01 14:58:49] ahheatyoface : 50x gone?
[2015-10-01 14:59:05] BitMEX_Arthur : No
[2015-10-01 14:59:08] BitMEX_Arthur : It is still here
[2015-10-01 14:59:15] BitMEX_Arthur : It is the Daily contract
[2015-10-01 14:59:18] BitMEX_Arthur : or XBT24H is the symbol
[2015-10-01 14:59:26] BitMEX_Arthur : can you not find it?
[2015-10-01 15:02:50] czr : is the second option, they moved for today
[2015-10-01 15:03:13] czr : i assume it was according of how they refreshed
[2015-10-01 15:03:31] BitMEX_Arthur : It is a little tricky because the daily and weekly both expire tomorrow
[2015-10-01 15:03:52] BitMEX_Arthur : weekly has 25x leverage, daily has 50x leverage
[2015-10-01 15:09:48] VanCleef : hows the liquidity going?
[2015-10-01 15:10:28] BitMEX_Arthur : VanCleef: Getting much better, check out our daily 50x leveraged contract
[2015-10-01 15:11:13] BitMEX_Arthur : You will see much tighter spreads on all of the XBT series contracts
[2015-10-01 15:11:49] VanCleef : yeh it is looking much tighter
[2015-10-01 16:20:46] sith_wampa : so tight
[2015-10-01 16:23:19] zanza : dat spike up
[2015-10-01 21:04:24] ahheatyoface : Damn. Us deposits got stopped.
[2015-10-01 21:10:19] gustavo7 : where?
[2015-10-01 21:11:48] ahheatyoface : Here. Tried and it said I can't deposit anymore :(
[2015-10-01 21:13:57] gustavo7 : what questions did they ask?
[2015-10-01 21:14:58] gustavo7 : ah i see it, select country, javascript vodoo, success
[2015-10-01 21:15:33] ahheatyoface : I should just picked a diff one lol
[2015-10-01 21:15:34] lockhedge : you can still deposit when you e.g. move abroad, i could watch other Netflix stuff when i moved to another country. Netflix just checks the ip, don't know what they check here (i'm in Europe)
[2015-10-01 21:15:57] ahheatyoface : I'll have to make a move than
[2015-10-01 21:16:56] lockhedge : ahheatyoface: there is some legal risk when you choose a country where you are not living, in the worst case your account gets frozen...
[2015-10-01 21:19:09] ahheatyoface : That's understandable
[2015-10-01 21:20:04] lockhedge : you could open a Verein in Switzerland (like e.g. Baker & McKenzie, no need to register it in most of the cases), then a legal entity in Europe is responsible for the account. https://en.wikipedia.org/wiki/Swiss_Verein
[2015-10-01 21:20:35] lockhedge : "only little paperwork and no registration or fees"
[2015-10-01 21:21:41] lockhedge : it has to be Non-Profit, but it can employ people and pay contractors.
[2015-10-01 21:30:41] ahheatyoface : Thanks for the I never knew about that
[2015-10-01 21:33:22] lockhedge : go multinational, restructure your activities to reduce compliance risk, like the big guys - but for the record, i'm not your tax/compliance advisor ;)
[2015-10-01 21:35:43] SnackyCoins : I was expecting an announcement yesterday
[2015-10-01 21:36:19] SnackyCoins : answering questions like what happens to old deposit addresses :)
[2015-10-02 00:44:29] MarketQ : https://www.tradingview.com/chart/ETHXBT/hFG3ygzB-ETHER-TO-ZERO-A-CHAT-WITH-PAUL-SZTORC/
[2015-10-02 00:56:48] johnny : how come we cant change our email adress associated with our account?
[2015-10-02 02:19:18] BitMEX_Arthur : johnny: Please email support@bitmex.com with your issue
[2015-10-02 04:45:32] SweetandSour : Are deposits from US residents allowed?
[2015-10-02 04:48:08] lockhedge : "...that you are not a resident of the United States of America or any other jurisdiction where the services offered by BitMEX are restricted. " https://www.bitmex.com/app/terms
[2015-10-02 04:51:22] SweetandSour : seems excessive
[2015-10-02 04:53:58] lockhedge : not as excessive as the Netflix TOS, they could even lock your account if you use a VPN while on holidays abroad.
[2015-10-02 04:57:57] lockhedge : it's a positive thing imho that BitMEX is not putting all trader's money at risk (accounts of the whole exchange get frozen) for the sake of some U.S. residents. Low compliance risk is very important for an exchange because it simply means that your (legit trader's) money is less likely to vanish.
[2015-10-02 05:01:26] SweetandSour : This is a crypto only exchange based abroad, how could exchange accounts get frozen?
[2015-10-02 05:05:06] lockhedge : maybe you heard about a website called 'Megaupload' and a guy who calls himself 'Kim Dot Com', he could tell you that surprising things can happen, when U.S. authorities are behind you, even abroad as a non-U.S.-resident/citizen ;)
[2015-10-02 05:07:41] lockhedge : BitMEX does not lock out U.S. citizens in general btw, residents only. and U.S. citizens can have positions at legal entities in London, Amsterdam, Zurich or where ever you wish. (ask an expert and/or study the regulation)
[2015-10-02 05:09:12] SweetandSour : Interesting, but I don;t think they have the liquidity to justify the cost, not yet anyway
[2015-10-02 05:12:42] SweetandSour : What bothered them so much that they stopped taking deposits, no one else made such drastic move
[2015-10-02 05:13:11] lockhedge : you are right, the authorities would probably target bigger players first. when these platforms get closed down, more liquidity will come here. it's certainly not negative to be at an exchange that has (maybe over-)anxious risk management policies.
[2015-10-02 05:16:08] lockhedge : if you believe there is no risk, take it on you and e.g. move your operations to a legal entity (at least to a server) abroad. but get professional advice first... (not by me)
[2015-10-02 07:01:31] lockhedge : again troubles with Bitfinex https://twitter.com/RobotFinance/status/649839570880700416
[2015-10-02 07:39:01] BitMEX_Arthur : What's going on at GlitchFinex
[2015-10-02 07:55:22] lockhedge : TradeBlock warned about unreliable API data, but seems to be a minor glitch this time. TB has a green light again for Finex.
[2015-10-02 07:55:51] BitMEX_Arthur : We have been quite happy with the TB performance so far
[2015-10-02 07:55:54] BitMEX_Arthur : the index is quite stable
[2015-10-02 07:56:11] lockhedge : XBX was a good step forward. but we are testing a more open index.
[2015-10-02 07:57:19] lockhedge : S&P500 is 'open source' as well, everybody can rebuild it without latency. XBX is unfortunately not transparent.
[2015-10-02 08:00:09] lockhedge : i'm getting price data e.g. from Finex (Milan) and Bitstamp (Amsteram) via Frankfurt to your server (Dublin) much fast than you get XBX data from Milan/Amsterdam (via the "proxy" TB in NYC) to Dublin.
[2015-10-02 08:00:47] BitMEX_Arthur : Our .XBT Index updates every 5 seconds now, so I can understand how you are faster
[2015-10-02 08:01:32] cengel : still cant get a proper charting of it
[2015-10-02 08:01:36] cengel : only websocket stream
[2015-10-02 08:01:43] BitMEX_Arthur : We have brought that up
[2015-10-02 08:01:53] BitMEX_Arthur : it would be nice to have on TradingView as well
[2015-10-02 08:02:55] lockhedge : we will open source an alpha version of our Index that we currently use for our experimental mm bot in 1-2 days.
[2015-10-02 08:03:25] lockhedge : sorry 1-2 weeks
[2015-10-02 08:04:54] lockhedge : BitMEX_Arthur: you can already calculate our mid and see the results in our trading stats. seems to work very well.
[2015-10-02 10:07:46] cengel : BVO24H printed 0.76 and 0.79
[2015-10-02 10:08:05] BitMEX_Arthur : It's Golden Week in China
[2015-10-02 10:08:09] BitMEX_Arthur : It will be dead until next Thursday
[2015-10-02 10:08:33] BitMEX_Arthur : https://blog.bitmex.com/bitcoin-futures-basis-trading-lesson-3/
[2015-10-02 10:08:45] BitMEX_Arthur : Here is some fun reading if you are bored
[2015-10-02 10:09:43] BitMEX_Arthur : 7 day long banking holiday
[2015-10-02 10:17:13] Scott J : no fresh fiat a good opportunity for bears?
[2015-10-02 10:20:13] BitMEX_Arthur : Maybe maybe not
[2015-10-02 10:20:20] BitMEX_Arthur : Just going to be a lot of sideways
[2015-10-02 10:56:03] calamar182 : hey babies
[2015-10-02 10:56:15] calamar182 : There are premium using arbitrage spot vs XBU?
[2015-10-02 10:56:41] BitMEX_Arthur : Maybe check `XBUZ15`
[2015-10-02 10:57:29] calamar182 : iT'S AT 239?
[2015-10-02 10:57:53] calamar182 : It is yes
[2015-10-02 10:58:14] calamar182 : buy btc e at 235 sell XBU at 239
[2015-10-02 10:58:28] calamar182 : in 3 months I win 4 USD minus fees
[2015-10-02 10:58:34] calamar182 : aproximately 3 usd
[2015-10-02 10:58:38] calamar182 : no?
[2015-10-02 10:59:18] BitMEX_Arthur : Yes that is true
[2015-10-02 10:59:35] calamar182 : nice
[2015-10-02 13:36:38] zanza : there is the weekly settlement B O Y S
[2015-10-02 14:59:47] BombaUcigasa : how many people are on XLT?
[2015-10-02 14:59:48] BombaUcigasa : 2?
[2015-10-02 15:16:21] BitMEX_Arthur : BombaUcigasa: Yes the book is a bit thin, we are focusing on the XBT series, once we get that humming we will focus on the rest
[2015-10-02 15:16:43] MarketQ : wait withdrawls are processed once in a day no way to make that faster eh
[2015-10-02 15:18:05] BitMEX_Arthur : MarketQ: It is for security, we process all withdrawals manually
[2015-10-02 15:19:13] MarketQ : thats fine I just think there should be two batches per day instead of one, or a means to fast track a withdrawl for people who are late on rent or whatever reason they might need bitcoins faster
[2015-10-02 15:20:03] MarketQ : 12 hours is always workable where as 21 is just insane
[2015-10-02 15:24:46] MarketQ : is there anyway I can get my withdrawal processed a bit faster, I missed the dedicated time by an hour and it would be of great benefit to me, I am a pretty loyal customer, I have one referral and I post my referral links to ideas I post on tradingview . In addition I work in the Bitcoin space and have some sway over which exchanges my customers use. I am asking simply that someone help me get my order processed in say the next 6 hours instead of 21 @BitMEX_Arthur
[2015-10-02 15:30:38] spobtc : Oh well. Was fun while it lasted. Bitmex we will miss you. I guess it it back to bit-fee-nex for me :-(. Too bad. I loved using bitmex
[2015-10-02 15:34:29] BombaUcigasa : yeah, 12 hours would be cool, Bitmex requires more planning than your usual exchange
[2015-10-02 16:16:28] BitMEX_Sam : We're working to build a hybrid hot/cold wallet model, but security of user funds is by far our highest priority.
[2015-10-02 16:29:07] j8 : would help with liquidity due to faster arbitrage. locked down withdrawal addresses are a good start
[2015-10-02 16:29:42] BitMEX_Sam : Yeah. That would certainly be a part of any proper hot wallet strategy
[2015-10-02 16:30:06] BitMEX_Sam : Thinking more of an xpub-based solution to prevent address reuse but any is better than none
[2015-10-02 17:39:17] seaplusplus : Sam, I want to deposit, I am in the UK.
[2015-10-02 17:39:33] seaplusplus : I had a vpn on and now bitmex thinks in am in the US
[2015-10-02 17:40:03] BitMEX_Sam : seaplusplus: Send us an email at support@bitmex.com, we'll get it sorted out
[2015-10-02 17:40:19] seaplusplus : k, thanks
[2015-10-03 08:50:24] cloud : Man people are spoilt in this trollbox
[2015-10-03 08:50:34] cloud : I HAVE SWAY IN THE INDUSTRY
[2015-10-03 08:50:38] cloud : sigh
[2015-10-03 08:58:51] cengel : the guys usually are quite responsive
[2015-10-03 09:02:17] BitMEX_Wally : Hi guys :)
[2015-10-03 09:02:29] cloud : and now its US based deposit are nuked, god damn it. We cant have nice things
[2015-10-03 09:02:38] cloud : sigh
[2015-10-03 09:02:40] BitMEX_Wally : Blame the CFTC for that
[2015-10-03 09:02:55] cloud : well the cloud name goes....well....to the clouds
[2015-10-03 09:02:57] cloud : lol
[2015-10-03 09:05:30] cloud : We need stealth address and transaction already so this is irrelevant and CFTC can chase ghosts
[2015-10-03 13:03:09] cengel : $2 discount on XBTV15
[2015-10-04 15:09:29] Libertyrisk : What is withheld profit?
[2015-10-04 15:11:34] BitMEX_Sam : Libertyrisk: On most contracts (except XBU), due to the high leverage, systemic loss is removed from user profits at rebalance/settlement. In order to do so, profits are kept from withdrawal/reinvestment until the weekly rebalance on Friday at 12 GMT
[2015-10-04 15:11:43] BitMEX_Sam : More details here: https://www.bitmex.com/app/dynamicProfitEqualisation
[2015-10-04 15:11:56] Libertyrisk : thanks
[2015-10-04 15:12:12] BitMEX_Sam : Expect that number to go back down to zero every Friday, or sooner if you were trading XBT24H
[2015-10-04 15:38:49] Ontita : Hi, is 7th October a date to watch?
[2015-10-04 15:39:21] Ontita : Looking at the charts, seems its a crossroad... to where is not clear
[2015-10-04 16:33:21] STRML : Not sure where it's going, depends on the charts you're looking at.
[2015-10-04 18:18:52] zanza : hello 240
[2015-10-05 11:17:20] krach : hi
[2015-10-05 11:17:46] krach : in the cash and carry blog post, I can not figure out what the upper and lower band are
[2015-10-05 11:38:39] BitMEX_Arthur : Hi what specifically is your question about the calculation
[2015-10-05 14:17:05] BitMEX_Arthur : Little Gemini fomo pump
[2015-10-05 15:09:36] krach : I think we figured it out, thanks
[2015-10-05 16:30:09] Gemz : oct settlement looks bullish, gemini goes live at the 8th