This is a mirror of the original BitMEX trollbox archive that used to be online here.
BitMEX disabled their archive after the DDOS attack so I have decided to make my mirror publicly available.

Well now, a few days after I made this mirror available to the public, the original archive from BitMEX is online again.
But since it is still limited (neutered to the last few hundred messages) I will keep my FULL mirror alive.

You have access to more than 50 million trollbox posts. This is more than 7 gigabyte of data hosted on a $5 server so please be patient or consider a donation

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[2015-10-31 04:35:20] peasant-wizard : Great, thanks!
[2015-10-31 04:35:47] BitMEX_Wally : It may have been rejected, if isolate margin is enabled. This is a bug I am working on fixing
[2015-10-31 04:36:08] BitMEX_Wally : Sorry, I mean if isolated margin is disabled
[2015-10-31 04:45:31] Yumi : 1% premium on daily with 7 hours to go, what a great deal
[2015-10-31 05:54:39] zanza : go short it Yumi
[2015-10-31 10:23:49] roymalmberg : is there a way to just rollover dailycontracts?
[2015-10-31 10:23:56] roymalmberg : auto
[2015-10-31 10:25:55] BitMEX_Arthur : We used to have roll contracts but we need a better way to view them in the UI. Not enough traders understood so we cancelled the contract
[2015-10-31 10:26:33] roymalmberg : Okay, its manual then? does price move alot when they are settled?
[2015-10-31 10:27:21] BitMEX_Arthur : The premium will decay into settlement. I expect the premium to re appear higher when the new daily lists
[2015-10-31 10:29:45] roymalmberg : okay, do you have a info about pricing somewhere? do you mean premium as in options?
[2015-10-31 10:31:49] BitMEX_Arthur : No the bid price of XBT24H is higher than spot. That premium will go to zero as the contract gets closer to expiry. When it re lists it will be high again.
[2015-10-31 10:35:15] roymalmberg : okay, what is the function of that, do contracts get settled at the spot? that's why its decaying so it can be settled?
[2015-10-31 10:52:28] Yumi : zanza: I set up my trade first then I say anything in chat =)
[2015-10-31 10:54:03] Yumi : roymalmberg: https://www.bitmex.com/app/whatsDifferent#futures-settlement-index
[2015-10-31 11:12:08] zanza : double top ?
[2015-10-31 11:38:24] mwalshe99 : setlement soon
[2015-10-31 11:38:43] mwalshe99 : gaps starting to appear in the bids
[2015-10-31 11:38:51] mwalshe99 : common volitility
[2015-10-31 11:55:50] habibi : settlement closes at entry price?
[2015-10-31 12:12:27] zanza : I feel like if the expiry is under 24 hours left, it should show like a countdown (like 10h24m)
[2015-10-31 12:12:40] zanza : habibi?
[2015-10-31 12:13:46] habibi : What's up?
[2015-10-31 14:01:06] donchard : why is my position taking time to match
[2015-10-31 14:01:29] peasant-wizard : Pretty standard, I've got an order sitting at the top of the books too
[2015-10-31 14:03:01] BitMEX_Sam : donchard: Orders usually execute immediately, otherwise if you're just at the top of the book you have to wait for someone to take
[2015-10-31 14:20:15] peasant-wizard : Any reason why the XBT24H is very often 25 levels deep?
[2015-10-31 14:21:25] BitMEX_Sam : 25 is just the max we show on the frontend
[2015-10-31 14:21:33] BitMEX_Sam : There are more levels available via the API
[2015-10-31 14:36:35] sleger : 25 isnt enough for you?
[2015-10-31 14:37:55] peasant-wizard : No 25 is fine. I was curious that it was so often at 25, and assumed it just maxed out, was just looking for confirmation
[2015-10-31 15:28:23] macios15 : daily 326 to 320 instant lol
[2015-10-31 15:33:31] zanza : who just sold?
[2015-10-31 15:46:50] SnackyCoins : really wish i had a november contract right about now 8)
[2015-10-31 15:49:42] SnackyCoins : i sold
[2015-10-31 15:55:44] macios15 : sell now cry at 1k $
[2015-10-31 16:00:07] zanza : 2k
[2015-10-31 16:00:58] justinlooking : all the k's
[2015-10-31 16:01:59] macios15 : soo that was 340 resistance we defended good, next 436-450
[2015-10-31 16:02:17] macios15 : thatls last resistance to 1k $
[2015-10-31 16:39:47] mtourig3 : hey can anyone tell me why leverage fluctuates? and why it liquidates at 200x?
[2015-10-31 16:41:54] roymalmberg : 200x leverage means you'll get whiped out after a 0.5% move; fluctuation no idea
[2015-10-31 16:43:27] mtourig3 : i went 1300 long at 323.20 and leverage was 110x... then my leverage reached 200x somehow and it liquidated my posiiton... why??
[2015-10-31 16:43:42] MeeGee : hi sam? or other admin?
[2015-10-31 16:43:44] MrTecc : 200x leverage means you get wiped out after a 0,5% move? who told you that?
[2015-10-31 16:44:44] MrTecc : maybe if you're stupid enough to bet your whole bank
[2015-10-31 16:45:36] roymalmberg : math, if you leverage whole portfolio, however it probably liquitade earlier when your account get to small for the margin requirements
[2015-10-31 16:45:50] mtourig3 : i was testing it out... i bet my whole bank of 7$... why would leverage increase?
[2015-10-31 16:46:06] roymalmberg : leverage increase when you lose money
[2015-10-31 16:46:35] roymalmberg : if you buy for 7 dollar, then lose 3.5 dollar, leverage now is twice
[2015-10-31 16:47:03] roymalmberg : on your account or position, but perhaps you refer to leverage allowed by bitmex?
[2015-10-31 16:47:24] MrTecc : i know that roy, but if you're stupid enough to leverage 200 times and then go all in you deserve no better
[2015-10-31 16:47:44] peasant-wizard : MrTecc: Please be nice :)
[2015-10-31 16:47:45] roymalmberg : I agree, but he asked and I replied
[2015-10-31 16:47:59] MrTecc : sry
[2015-10-31 16:48:59] MrTecc : what is the policy with this withheld profit, can someone tell me in quick words?
[2015-10-31 16:49:19] roymalmberg : If anyone is interested check out https://en.wikipedia.org/wiki/Kelly_criterion if you bet above kelly criterion your risk increase faster than potential return, which lead to ruin
[2015-10-31 16:49:36] MrTecc : better use 1/2 kelly
[2015-10-31 16:49:47] peasant-wizard : MrTecc: Depends on what contract, but profit is given when contracts expire
[2015-10-31 16:49:49] roymalmberg : usually kelly is max 25%
[2015-10-31 16:49:52] MrTecc : when betting on bitcoins
[2015-10-31 16:50:24] peasant-wizard : MrTecc: I'm not sure of the details exactly but its part of the DPE system
[2015-10-31 16:51:01] peasant-wizard : https://www.bitmex.com/app/dynamicProfitEqualisation
[2015-10-31 16:51:02] mtourig3 : So when i go long 1300 at 323.20 and it goes down $1 my leverage will increase? but if it goes up my leverage decreases?
[2015-10-31 16:51:03] MrTecc : alright wizard, after I got wiped out because I was way overhedged I got it all back now. People seem to put in market orders for 5k all the time
[2015-10-31 16:51:20] MrTecc : thank you
[2015-10-31 16:51:34] peasant-wizard : MrTecc: hahhaha yes! First time I've been called wizard and not peasant - thank you!
[2015-10-31 16:52:05] MrTecc : its funny how easy you double your money by being on both sides...
[2015-10-31 16:52:51] peasant-wizard : Can you give a quick explanation?
[2015-10-31 16:53:10] slimc0ins : Can i deposit money any time?
[2015-10-31 16:53:13] slimc0ins : /withdraw
[2015-10-31 16:53:20] MrTecc : take the xbt24h market, which fluctuates like hell atm
[2015-10-31 16:53:47] slimc0ins : or do i need to fill in more details to withdraw my coins?
[2015-10-31 16:54:13] MrTecc : you put in a limit sell at 323, 5k contracts, and a limit buy at 221 at the same time
[2015-10-31 16:54:31] MrTecc : and then just do something else
[2015-10-31 16:54:46] MrTecc : numbers were only examples
[2015-10-31 16:54:57] peasant-wizard : Ah yes, excellent, thank you I understand. Have had limited success with that but will try again
[2015-10-31 16:55:12] MrTecc : can you look into my order history?
[2015-10-31 16:55:24] peasant-wizard : Not hedging in the traditional sense but I understand what you mean
[2015-10-31 16:55:32] MrTecc : just watch out to cancel any open orders when you got filled on both sides
[2015-10-31 16:55:54] MrTecc : it works because people put in market orders
[2015-10-31 16:56:01] MrTecc : or just click on close
[2015-10-31 16:56:21] MrTecc : but dont know that anyone is sitting with a limit order at a very different price
[2015-10-31 16:56:57] MrTecc : just watch the recent trades in xbt24. thats what people do there all the time
[2015-10-31 16:57:19] MrTecc : or what do you think what this 1 contract order is? a test
[2015-10-31 16:58:02] MrTecc : its really funny, but I dont want to lose my whole saturday to this
[2015-10-31 16:58:30] MrTecc : now, all those 5k orders are pretty much the same guy
[2015-10-31 16:58:53] MrTecc : and every time its a huge profit, if you leverage 100 times
[2015-10-31 16:59:14] MrTecc : like a market maker
[2015-10-31 16:59:59] MrTecc : you just need balance and timing. for example when you see someone testing a price, put in your order as a limit and wait until his huge order shows up
[2015-10-31 17:00:09] wurstgelee : congrats, you identified an obvious bot =)
[2015-10-31 17:00:11] MrTecc : then fire your order and you get filled immediately
[2015-10-31 17:00:19] MrTecc : i know
[2015-10-31 17:00:38] peasant-wizard : Appreciate your perspective, good stuff. I just got stopped out of my long so that's my cue to go to work. See ya around!
[2015-10-31 17:00:48] MrTecc : but i dont care, because he does the dirty work...
[2015-10-31 17:01:01] MrTecc : alright wiz, bye
[2015-10-31 17:01:20] peasant-wizard : MrTecc: You on TV?
[2015-10-31 17:01:34] MrTecc : btw, bot trading should be banned
[2015-10-31 17:01:37] MrTecc : no why
[2015-10-31 17:01:42] MrTecc : ??
[2015-10-31 17:01:50] peasant-wizard : Tradingview
[2015-10-31 17:01:59] MrTecc : ah
[2015-10-31 17:02:09] MrTecc : no I read into but I cannot register
[2015-10-31 17:02:12] MrTecc : dunno why
[2015-10-31 17:02:16] mwalshe99 : why would you want to ban bots?
[2015-10-31 17:02:19] sleger : and people who have a faster hand that others should be banned too ???
[2015-10-31 17:02:33] peasant-wizard : Huh, weird. Maybe give it another shot. The Tradingview chat is great to follow. Good info and some classic characters
[2015-10-31 17:02:38] MrTecc : I was just making a controversial remark
[2015-10-31 17:02:42] MrTecc : just an opinion
[2015-10-31 17:02:57] MrTecc : yeah but there is no option to reg atm
[2015-10-31 17:03:04] MrTecc : i would, if i could
[2015-10-31 17:03:06] MrTecc : great site
[2015-10-31 17:03:15] slimc0ins : what is the leverage on xbt24h ?
[2015-10-31 17:03:28] MrTecc : 100
[2015-10-31 17:03:31] sleger : clic on full details
[2015-10-31 17:03:34] sleger : and read
[2015-10-31 17:03:52] MrTecc : wiz maybe you can get me into there
[2015-10-31 17:04:38] MrTecc : Or I'm just blind and dont see the sign up button :D
[2015-10-31 17:07:42] MrTecc : lol the xbu price plummets
[2015-10-31 17:08:08] MrTecc : one hardcore hedger
[2015-10-31 17:28:45] sleger : like 5 btc worth of
[2015-10-31 17:32:34] MrTecc : enough to make money when the spread is 50 bucks
[2015-10-31 18:12:25] SnackyCoins : cross margin is best margin
[2015-10-31 18:13:50] macios15 : great time to short i think its over
[2015-10-31 18:14:35] SnackyCoins : yeah we at support its not a good short here
[2015-10-31 18:14:45] SnackyCoins : but we're in for a bigger retrace imo
[2015-10-31 18:14:56] Yumi : we are below support
[2015-10-31 18:15:15] SnackyCoins : i'm charting bitfinex at the moment :)
[2015-10-31 18:15:19] macios15 : look at 1d not this shit support
[2015-10-31 18:15:21] SnackyCoins : and we did just move below it now lol
[2015-10-31 18:16:04] SnackyCoins : i'll buy 275
[2015-10-31 18:16:46] SnackyCoins : maybe 288 if we dont make it that far
[2015-10-31 18:17:39] macios15 : i think we are now going under log support at 250 this mean red dildo if we pass it like jan 2015
[2015-10-31 18:18:12] zanza : u have to be insane to trade XBT24H
[2015-10-31 18:18:31] SnackyCoins : using isolate margin? yeah
[2015-10-31 18:18:33] zanza : `XBT24H for crazies`
[2015-10-31 18:18:38] SnackyCoins : 24h saved my bacon at the top
[2015-10-31 18:18:49] zanza : bacon? lol
[2015-10-31 18:18:51] SnackyCoins : i wanted to get out of 7d but there was no bids
[2015-10-31 18:18:55] SnackyCoins : couldnt get out
[2015-10-31 18:19:03] SnackyCoins : but it was friday
[2015-10-31 18:19:08] SnackyCoins : and there were bids on 24h
[2015-10-31 18:19:10] SnackyCoins : so i shorted those
[2015-10-31 18:19:15] SnackyCoins : and locked in the profits
[2015-10-31 18:19:17] zanza : oh, a hedge
[2015-10-31 18:19:28] zanza : yeah i suppose it has its purposes
[2015-10-31 18:19:44] SnackyCoins : yeah well you have to be crazy to isolate margin on 100x
[2015-10-31 18:19:50] SnackyCoins : i dont isolate any position
[2015-10-31 18:19:53] SnackyCoins : ever
[2015-10-31 18:20:02] wurstgelee : i do
[2015-10-31 18:20:07] wurstgelee : and it works great
[2015-10-31 18:20:09] wurstgelee : =)
[2015-10-31 18:20:27] SnackyCoins : i'm lying actually since xbu is isolated always 8)
[2015-10-31 18:20:28] zanza : 306, wew lad
[2015-10-31 18:20:42] macios15 : look on chart looks like perfect toped bubble with that bull trap to close
[2015-10-31 18:20:47] zanza : itshappening.jpg
[2015-10-31 18:20:59] wurstgelee : yep.
[2015-10-31 18:21:02] zanza : stamp just had a seizure
[2015-10-31 18:22:22] SnackyCoins : 24h is also great when you dont want to worry about having to get out of a position
[2015-10-31 18:22:33] SnackyCoins : but want to play on a big move
[2015-10-31 18:23:11] SnackyCoins : we still have premiums on all contracts
[2015-10-31 18:25:34] zanza : china is `dumping`
[2015-10-31 18:33:46] macios15 : short or lomg make your bet now guys
[2015-10-31 18:34:14] zanza : if i had extra liquiditiy, i would short the `XBT24H` for arbitrage
[2015-10-31 18:34:24] zanza : looks like about 4 points
[2015-10-31 18:36:03] j8 : zanza: that's what i've been doing the last two weeks
[2015-10-31 18:36:10] j8 : has worked out great
[2015-10-31 18:40:07] macios15 : i think next time ww gona pass this huobi support
[2015-10-31 18:45:44] macios15 : and its gona be huge dump
[2015-10-31 19:15:39] zanza : recovering a bit now
[2015-10-31 21:05:41] j8 : last time USD markets were at this price, china was at 2000
[2015-10-31 21:22:05] messiaen8844 : so, whats up with price differences on finex / stamp / and china?
[2015-10-31 21:22:31] messiaen8844 : finex 312 tamp 308 ?
[2015-10-31 21:23:35] peasant-wizard : Check this out!
[2015-10-31 21:23:35] peasant-wizard : https://tradeblock.com/markets/index/
[2015-10-31 21:24:12] peasant-wizard : Thats the Index BitMEX settles against, and if you check out the chart it illustrates who leads and who follows throughout various moves
[2015-10-31 21:24:46] peasant-wizard : China has definitely been leading the pump and US has been following but seems to want to dump today. Reasons are unknown to me
[2015-10-31 21:24:56] MrTecc : nice index wizard, but i still cant signup
[2015-10-31 21:25:24] MrTecc : there is only a signin, no signup...
[2015-10-31 21:25:33] messiaen8844 : cool, thanks. after so many days of rising, seems natural to dump lol. my short is goin fine ;)
[2015-10-31 21:25:50] peasant-wizard : messiaen8844: Good for you, I got wrecked this morning and havent re-entered
[2015-10-31 21:26:47] peasant-wizard : MrTecc: I think the sign-in is not for individuals, its for accessing timeframes shorter than an hour, and thats offered to companies or larger players (I think)
[2015-10-31 21:26:58] messiaen8844 : well, its just a small position, sold pretty much all my btc in the past two days, will wait in fiat
[2015-10-31 21:27:22] MrTecc : me too. same thing. complete wipe out, but it was my first day. after i recognized all tnose exploratory orders and the huge movement afterwards, I knew what to do..
[2015-10-31 21:27:45] MrTecc : ok wiz, thanks anyways.
[2015-10-31 21:27:51] messiaen8844 : no much luquidity in my country, so I figured out it was a good time to cash out
[2015-10-31 21:27:57] MrTecc : the site is amazing, anyway
[2015-10-31 21:28:15] peasant-wizard : messiaen8844: Curious what country? I'm in Canada
[2015-10-31 21:28:34] messiaen8844 : brazil
[2015-10-31 21:28:41] MrTecc : If anyone is interested, google "exploratory trading" and "HFT" or something like that
[2015-10-31 21:28:53] MrTecc : its very technical, but a good read anyway
[2015-10-31 21:29:21] peasant-wizard : messiaen8844: How did you enter into BTC? localbitcoins or an exchange?
[2015-10-31 21:29:22] MrTecc : and if you know some python, you can even build your own bot after this read
[2015-10-31 21:30:06] messiaen8844 : exchange, lbtc is way too expensive
[2015-10-31 21:30:25] messiaen8844 : and very few sellers
[2015-10-31 21:30:29] MrTecc : the good days of localbtc are over
[2015-10-31 21:30:45] MrTecc : even those sellers with 1000+ trades are more and more scammers
[2015-10-31 21:31:03] messiaen8844 : nowadays there is one good exchange in brazil, volume about 200 btc/
[2015-10-31 21:31:14] messiaen8844 : d
[2015-10-31 21:31:32] MrTecc : wtf is this bittrex thing, btw...
[2015-10-31 21:31:41] MrTecc : all arbitrary invented cryptos=
[2015-10-31 21:31:44] peasant-wizard : Good to know, I'm in rural BC and theres no lbc, thankfully we have Quadriga which is great. Low liquidity but excellent platform
[2015-10-31 21:32:07] peasant-wizard : MrTecc: Check out the daily on RBY
[2015-10-31 21:32:08] peasant-wizard : https://bitcoinwisdom.com/markets/bittrex/rbybtc
[2015-10-31 21:32:32] peasant-wizard : I only trade BTC, don't have time for it all, but that was interesting to watch
[2015-10-31 21:32:51] messiaen8844 : buying BTC in brazil can be expensive due high spread, however there was really major valuation this year as our currency lost 50% value to the do
[2015-10-31 21:33:00] MrTecc : +20% in this one market made me curious, until i saw the spread
[2015-10-31 21:33:15] MrTecc : which is 16% :D
[2015-10-31 21:33:50] j8 : MrTecc: it's not unusual to see +100%, +500% even on bittrex markets
[2015-10-31 21:33:55] j8 : it's like penny stocks
[2015-10-31 21:34:02] MrTecc : i know
[2015-10-31 21:34:29] MrTecc : even pennystocks are more reliable
[2015-10-31 21:34:31] MrTecc : ;)
[2015-10-31 21:34:37] messiaen8844 : all pumps and dumps
[2015-10-31 21:34:47] MrTecc : but there they work
[2015-10-31 21:34:49] MrTecc : not in btc
[2015-10-31 21:35:01] wurstgelee : lol. the mark priece jumps up and down +/-$1.30 and more within seconds
[2015-10-31 21:35:03] wurstgelee : wtf is that?
[2015-10-31 21:35:09] wurstgelee : *price
[2015-10-31 21:35:25] MrTecc : thats called volatility
[2015-10-31 21:35:28] MrTecc : ;)
[2015-10-31 21:35:38] messiaen8844 : damn massive spread in XBT7D
[2015-10-31 21:35:41] wurstgelee : mah, price on exchanges isn moving that fast
[2015-10-31 21:35:54] wurstgelee : https://www.bitmex.com/app/index/.XBT
[2015-10-31 21:35:59] MrTecc : price in currencies move like that every day
[2015-10-31 21:36:00] wurstgelee : seems odd
[2015-10-31 21:36:29] wurstgelee : im watching chinam stamp, finex. these should be the basis for xbt index
[2015-10-31 21:36:42] MrTecc : btw, 1.30 at a underlying price of 330 is really small
[2015-10-31 21:36:48] wurstgelee : they dont move that fast currently - that doesnt explain the jumps
[2015-10-31 21:37:04] MrTecc : less than a third percent
[2015-10-31 21:37:19] wurstgelee : you dont get my point...
[2015-10-31 21:37:22] MrTecc : maybe just dont trade the tick chart
[2015-10-31 21:37:42] MrTecc : explain it
[2015-10-31 21:37:45] MrTecc : maybe i dont
[2015-10-31 21:37:56] wurstgelee : im trying, but you dont listen and keep explaining me fundamentals ;)
[2015-10-31 21:38:09] MrTecc : ok I shut up now
[2015-10-31 21:38:35] MrTecc : what market are you talking about, anyway
[2015-10-31 21:38:45] Murch : He's just saying the fair/mark price is jumping on here without the corresponding market actually acting that way.
[2015-10-31 21:38:45] MrTecc : btc/usd?
[2015-10-31 21:39:00] wurstgelee : ive written everything anyways... tldr: weighted average (=xbt index) ...exactly...what murch says
[2015-10-31 21:39:02] MrTecc : ok
[2015-10-31 21:39:27] MrTecc : murch i saw that, too, and dont understand it
[2015-10-31 21:39:57] wurstgelee : stamp is stable, china is no doing much, finex doesnt move that much ..alltogether the price should move $1.30 within a minut. and same down in the next minute
[2015-10-31 21:40:02] MrTecc : for me, its just a reason for trading smaller positions with stops farer away
[2015-10-31 21:40:12] Murch : Honestly though, just take a look at btc-e, it jumps around a lot.
[2015-10-31 21:40:13] MrTecc : true
[2015-10-31 21:40:16] wurstgelee : *should not
[2015-10-31 21:40:32] MrTecc : algos trading with algos
[2015-10-31 21:40:36] wurstgelee : Murch: afaik btc-e isnt weighted in xbt index?
[2015-10-31 21:40:37] MrTecc : probe-trades
[2015-10-31 21:40:47] Murch : Some of the markets tracked are just weird and I think the price doesn't update here immediately.
[2015-10-31 21:40:51] Murch : Oh it isn't? Nvm then.
[2015-10-31 21:40:59] wurstgelee : im not sure. i thought so
[2015-10-31 21:41:08] MrTecc : it depends on what ordersize threshold is used...
[2015-10-31 21:41:41] wurstgelee : still jumpin like crazy. never seen that here before.
[2015-10-31 21:41:51] wurstgelee : in one direction ok, but back and forth seems odd
[2015-10-31 21:41:57] MrTecc : if 1 contract is the ordersize, and thats the smallest possible trade, it can easily jump like that
[2015-10-31 21:42:06] wurstgelee : that wouldnt make sense
[2015-10-31 21:42:37] MrTecc : but thats how it is
[2015-10-31 21:42:43] MrTecc : even though it makes no sense
[2015-10-31 21:42:51] Murch : My best guess is that the markets being tracked don't act in unison. They might be haphazard during sideways movement.
[2015-10-31 21:42:54] MrTecc : maybe they all set up their algos wrong
[2015-10-31 21:43:08] MrTecc : good point
[2015-10-31 21:43:32] Murch : Apart from BTC just being volatile as hell in the first place.
[2015-10-31 21:43:44] wurstgelee : yes ofc, but not that volatile currently ;)
[2015-10-31 21:43:50] MrTecc : and as such a traders paradise
[2015-10-31 21:44:23] Murch : It's only really jumpy like that on exchanges with looooow liquidity.
[2015-10-31 21:44:51] Murch : Cause you can just tick on either side of the spread without any volume taking place.
[2015-10-31 21:44:55] wurstgelee : iirc that index is 50% finex, 25% stamp and 25% huobi?!
[2015-10-31 21:45:02] MrTecc : jea but thats offsetable with smaller orders and bigger price movements..
[2015-10-31 21:45:17] wurstgelee : might be wrong tho, i think i read that here
[2015-10-31 21:46:10] wurstgelee : https://www.bitmex.com/app/index/.XBT
[2015-10-31 21:46:24] MrTecc : I started here today with a small trades, and immediately wiped out 300$ due to max leverage.. but thats all recovered, meanwhile. but for today, I better keep off
[2015-10-31 21:46:33] wurstgelee : see the last 10 values
[2015-10-31 21:46:56] MrTecc : minutes
[2015-10-31 21:47:02] wurstgelee : ofc minutes
[2015-10-31 21:47:07] MrTecc : yes
[2015-10-31 21:47:26] MrTecc : but thats sick
[2015-10-31 21:47:45] wurstgelee : back and forth from one minute two another, "huge" jumps for an averaged index of currently not moving exchange rates ;)
[2015-10-31 21:47:54] MrTecc : I better start using the api myself...
[2015-10-31 21:48:10] wurstgelee : *not fast moving
[2015-10-31 21:48:20] wurstgelee : anyways. i just wanted to mention that this seem odd ;)
[2015-10-31 21:48:45] MrTecc : but I made so many trades today that I have no idea about the trading costs, and dont want to calculate it
[2015-10-31 21:48:53] MrTecc : so i have to wait for tomorrows settlement
[2015-10-31 21:48:59] Murch : This might be the index I think? https://tradeblock.com/markets/index/
[2015-10-31 21:49:02] MrTecc : yes, it is odd
[2015-10-31 21:49:10] MrTecc : i got it now
[2015-10-31 21:49:18] Murch : Must be coinbase and itbit
[2015-10-31 21:49:59] Murch : Oh nvm, it says they weight higher liquidity exchanges more.
[2015-10-31 21:50:07] wurstgelee : exactly
[2015-10-31 21:50:16] wurstgelee : thats why this should happen.
[2015-10-31 21:50:20] MrTecc : its 0,05%, so far so good, but on what trades....
[2015-10-31 21:50:21] wurstgelee : shouldnt
[2015-10-31 21:50:45] wurstgelee : non of their higher liquitdity exchanges move $1 a minute currently
[2015-10-31 21:51:22] MrTecc : anyone knows the number of new accounts these days?
[2015-10-31 21:51:30] MrTecc : maybe thats the reason
[2015-10-31 21:51:31] MrTecc : ;)
[2015-10-31 21:52:36] MrTecc : or number of total orders/number of market orders
[2015-10-31 21:52:55] MrTecc : but I can imagine how that looks like
[2015-10-31 21:53:50] MrTecc : its a currency generating industrie, literally
[2015-10-31 21:55:06] Murch : I definitely agree that it's strange. Maybe bring it up with one of the devs?
[2015-10-31 21:55:53] MrTecc : yes, if it stays like that
[2015-10-31 21:56:23] wurstgelee : its stable again now
[2015-10-31 21:56:30] wurstgelee : only jumped for a few minutes
[2015-10-31 21:57:16] irbbqu : MM bot offline?
[2015-10-31 21:57:29] wurstgelee : yep
[2015-10-31 21:57:31] MrTecc : and until then, I stay out.. btw wizard, why should tradeblock pricate traders not let sign up because of timeframes... on bitcoinwisdom I have a minute chart
[2015-10-31 22:06:30] irbbqu : wb mm bot
[2015-10-31 22:07:28] irbbqu : Man, feels so strange to trade when Chian and the west is so out of synch.
[2015-10-31 22:15:39] Murch : China wants to go up and US aint having none of that shit.
[2015-10-31 22:19:38] messiaen8844 : china banks are open in sunday ;). no more fiat in USA for the weekend
[2015-10-31 22:27:44] wurstgelee : china has some juices left it seems
[2015-10-31 22:29:16] wurstgelee : finex agrees for now
[2015-10-31 22:29:23] Murch : Me gusta
[2015-10-31 22:29:36] wurstgelee : same ;)
[2015-10-31 22:30:02] Murch : Just loaded my position, I hope this isn't a fake out
[2015-10-31 22:30:13] wurstgelee : same - again :D
[2015-10-31 22:30:27] Murch : Hahaha :P
[2015-10-31 22:32:47] Murch : Im scared, got out :(
[2015-10-31 22:33:15] wurstgelee : rofl
[2015-10-31 22:33:16] wurstgelee : same
[2015-10-31 22:33:21] wurstgelee : :D :D :D :D
[2015-10-31 22:33:36] irbbqu : Yea, this spread and crazy china ponzipumper has me scared witless
[2015-10-31 22:33:37] Murch : Oh well I'll look for another entry
[2015-10-31 22:34:33] wurstgelee : looks like fakeout now
[2015-10-31 22:35:39] Murch : Hmm might not be though
[2015-10-31 22:36:18] wurstgelee : china go home, youre drunk
[2015-10-31 22:37:47] wurstgelee : i dont know how to work with this. oO
[2015-10-31 22:38:11] Murch : Yeah I don't know wtf China is trying to do.
[2015-10-31 22:39:36] wurstgelee : pump&dump at the same time it seems
[2015-10-31 22:41:28] sleger : if all the people in the trollbox think that the price is going down, I guess it's perfect time to buy
[2015-10-31 22:41:52] wurstgelee : no, i dont know what to think currently
[2015-10-31 22:41:54] wurstgelee : ;)
[2015-10-31 22:42:10] Murch : That's a terribly vague strategy lol
[2015-10-31 22:42:18] wurstgelee : haha
[2015-10-31 22:45:18] Murch : I'll just go with a smaller long position I guess.
[2015-10-31 22:45:56] wurstgelee : mh. if i had to chose one, i would agree
[2015-10-31 22:46:11] MrTecc : don't you see the clear uptrend in the 24h?
[2015-10-31 22:46:13] MrTecc : :D
[2015-10-31 22:46:25] wurstgelee : lol ;)
[2015-10-31 22:46:39] MrTecc : just switch to 1 minute timeframes
[2015-10-31 22:46:42] MrTecc : then you see it
[2015-10-31 22:46:43] MrTecc : :D
[2015-10-31 22:46:59] Murch : Yeah It's just that generally in the past month it's broken upward on a much more urgent schedule.
[2015-10-31 22:47:18] Murch : Not noodled around for a while like this.
[2015-10-31 22:47:21] wurstgelee : 1w chart is saying up even more
[2015-10-31 22:47:24] wurstgelee : ;)
[2015-10-31 22:47:40] MrTecc : dont know, never seen it before
[2015-10-31 22:47:41] MrTecc : :D
[2015-10-31 22:47:56] Murch : But yeah long term is definitely raging hardcore right now.
[2015-10-31 22:48:11] wurstgelee : first red candle on the 1d chart for over a week tho
[2015-10-31 22:49:15] Murch : Bitfinex needs to wake the fuck up though. $30 spread is not cool.
[2015-10-31 22:50:33] wurstgelee : imo it should go near china range, not the other way round
[2015-10-31 22:50:37] wurstgelee : ;)
[2015-10-31 22:50:49] Murch : Yeah that would be nice haha
[2015-10-31 22:51:31] Murch : Think I'll look for a lower entry again.
[2015-10-31 22:53:05] wurstgelee : at least one guy here thinks we're going up. buying those 317.77 ;)
[2015-10-31 22:53:10] Murch : I think I'll try later though, this price action doesn't make me confident either direction.
[2015-10-31 22:54:08] wurstgelee : saying i don't know whats next would be an understatement
[2015-10-31 22:58:06] MrTecc : i think i know, too
[2015-10-31 22:58:48] MrTecc : I hope I'm right;)
[2015-10-31 22:59:50] MrTecc : but its pretty obvious
[2015-10-31 22:59:52] Murch : I want to say down for the next short period (1-3 days) followed by up a looot but I don't have the balls to short too much right now.
[2015-10-31 23:01:49] wurstgelee : lets see if this is a dump or not....
[2015-10-31 23:04:46] Murch : I also feel like China needs to dump a lot more for the sake of realigning the exchanges.
[2015-10-31 23:06:14] wurstgelee : it simply refuses to do so currently :/
[2015-10-31 23:06:53] Murch : China is that kid.
[2015-10-31 23:07:10] wurstgelee : :D
[2015-10-31 23:11:51] wurstgelee : seriously, fuck u huobi & okc. from the depth of my heart.
[2015-10-31 23:11:55] wurstgelee : =)
[2015-10-31 23:15:20] Murch : Hmm I think China's finally gonna get shat on soon.
[2015-10-31 23:16:40] wurstgelee : those ups get weaker and weaker
[2015-10-31 23:16:53] wurstgelee : also the spread has to correct itself....
[2015-10-31 23:17:34] Murch : Yep exactly.
[2015-10-31 23:18:01] Murch : If it were gonna continue to go up it should have done so by now.
[2015-10-31 23:19:15] wurstgelee : unless china decides not to follow logic.
[2015-10-31 23:19:33] sleger : maybe you dont have right chinese logic
[2015-10-31 23:19:54] wurstgelee : that may very well be the problem here
[2015-11-01 00:53:20] kogroken : Btw, looks like the Filled column in the fills tab in the advanced view says an order is filled, but in reality the order is still open and only partially filled.
[2015-11-01 00:54:04] kogroken : Is it some bug, or do I just need to do a hard reload or something?
[2015-11-01 02:20:37] BitMEX_Wally : kogroken: The 'Fills' tab only includes completely filled orders, so PartiallyFilled orders will not appear there. They are still open and appear under 'Active Orders'
[2015-11-01 02:22:17] BitMEX_Wally : You can see all the individual fills (i.e trades) here: https://www.bitmex.com/app/tradeHistory
[2015-11-01 03:53:31] mitior : where to generate api keys?
[2015-11-01 04:05:38] BitMEX_Wally : https://www.bitmex.com/app/apiKeys
[2015-11-01 04:06:04] BitMEX_Wally : You can use the API to generate API keys
[2015-11-01 04:06:16] BitMEX_Wally : So use the API Explorer if you want a GUI
[2015-11-01 04:09:47] mitior : You happen to have any example python scripts using ws?
[2015-11-01 04:13:35] BitMEX_Wally : mitior: Sure, check out our sample market making bot: https://github.com/BitMEX/market-maker
[2015-11-01 04:14:41] BitMEX_Wally : See `BitMEXWebsocket()`
[2015-11-01 04:16:31] mitior : Yep, thanks! I've never used ws before
[2015-11-01 05:18:49] eV : wow.. that felt like a bs liquidation...
[2015-11-01 05:24:36] BitMEX_Wally : eV: Liquidations are based on the underlying index price from TradeBlock
[2015-11-01 05:24:38] BitMEX_Wally : https://tradeblock.com/markets/index/
[2015-11-01 05:25:07] BitMEX_Wally : Looks like it dipped below 317
[2015-11-01 10:16:40] macios15 : if im taker 2 times at daily whats minimum spread to go on 0 profit and 0 lose
[2015-11-01 10:17:15] macios15 : 0,1%*price?
[2015-11-01 10:21:46] macios15 : BitMEX_Wally: are you there?
[2015-11-01 10:22:05] BitMEX_Wally : Hello
[2015-11-01 10:22:19] macios15 : BitMEX_Wally: look up at my question
[2015-11-01 10:22:21] BitMEX_Wally : Take fee is 5 bps
[2015-11-01 10:22:37] BitMEX_Wally : So spread of 10 bps
[2015-11-01 10:22:58] macios15 : you mean 0.10
[2015-11-01 10:23:02] macios15 : in price?
[2015-11-01 10:23:05] BitMEX_Wally : 10 bps = 0.10%
[2015-11-01 10:23:06] BitMEX_Wally : Yes
[2015-11-01 10:23:13] macios15 : ok thx
[2015-11-01 11:21:54] habibi : In this special day i would ask you to rise for a minute's silence in remembrance of the margineted(dead) shorts and long.
[2015-11-01 11:23:46] habibi : Thank you all !:)
[2015-11-01 11:50:52] kogroken : $20 spread on H16...
[2015-11-01 11:58:31] mwalshe99 : SETTLEMENT TIME
[2015-11-01 12:03:12] wurstgelee : that index is almost 100% bitfinex and coinbase currently
[2015-11-01 12:03:53] wurstgelee : huobi, woodchipper and stamp are more or less completely ignored
[2015-11-01 12:04:06] wurstgelee : doesnt really make sense imo :/
[2015-11-01 12:06:17] macios15 : wurstgelee: totaly agre
[2015-11-01 12:08:40] wurstgelee : a single buy or sell off ~100-200 btc can force orders into liquidations while thousands of btc anywhere else hardly move the mark price...
[2015-11-01 12:08:51] wurstgelee : *on finex
[2015-11-01 12:10:44] Yumi : the weighting happens in real-time if finex would move a lot it would be recalculated
[2015-11-01 12:10:47] wurstgelee : coinbase has a 7$ spread.....
[2015-11-01 12:11:10] wurstgelee : thats not whats written on the index description page
[2015-11-01 12:11:36] wurstgelee : it says those exchanges who are more off the index price get ignored
[2015-11-01 12:11:48] wurstgelee : since china is way higher, it has barely influence currently
[2015-11-01 12:12:14] wurstgelee : while coinbase - with its non-existant volume and huge spread influences it by a great amount
[2015-11-01 12:13:12] wurstgelee : selling or buying 3(!) btc moves the price of coinbase by $7(1)
[2015-11-01 12:13:16] wurstgelee : (!)
[2015-11-01 12:13:41] wurstgelee : i guess that why those ridiculous mark price jumps happened yesterday ($1.50 back and forth within seconds)
[2015-11-01 12:15:13] Yumi : "selling or buying 3(!) btc moves the price of coinbase by $7(1)" I dont think thats true
[2015-11-01 12:15:13] mwalshe99 : you guys talking about the fair price?
[2015-11-01 12:15:28] wurstgelee : Yumi: $7 spread
[2015-11-01 12:16:15] Yumi : I fail to see it
[2015-11-01 12:16:28] BitMEX_Wally : mwalshe99: The fair price is based on TradeBlock index: https://tradeblock.com/markets/index/
[2015-11-01 12:16:56] wurstgelee : the xbt index page says its weighted according to volume too - but if that really worked, why would coinbase have 30% influence, 60% stamp and ~10 okcoin? the rest is ignored. where is huobi? where is stamp?
[2015-11-01 12:16:59] habibi : Yumi: u sure u looking at proper data from coinbase? maybe u look chart of their buying/selling service, not bitcoin exchange
[2015-11-01 12:17:18] wurstgelee : *not stamp, bitfinex ofc
[2015-11-01 12:18:13] irbbqu : The okc one is the usd version, dont think huobi usd has any volume.
[2015-11-01 12:19:05] irbbqu : Bfx used to be a lot more lqiuid, so it used to make sense that way
[2015-11-01 12:20:13] wurstgelee : used to be is not currently. if u see the weighting nidex chart @ https://tradeblock.com/markets/index/ , the influence of finex has increased
[2015-11-01 12:20:18] wurstgelee : although volume went down
[2015-11-01 12:20:30] wurstgelee : thats the opposite of what should happen imo
[2015-11-01 12:21:32] wurstgelee : most ridiculous thing about that index is, that stamp gets ignored. there's no reason for that imo
[2015-11-01 12:22:09] Yumi : I think xbx index works very well, protects from manipulation and spikes
[2015-11-01 12:22:37] Yumi : its because stamp diverged from index
[2015-11-01 12:23:05] wurstgelee : no, the index diverged from stamp. ;)
[2015-11-01 12:23:46] wurstgelee : coinbase has half the volume of stamp but ~ 100x the influence on the mark price?
[2015-11-01 12:23:59] wurstgelee : that cant be right...
[2015-11-01 12:24:52] wurstgelee : also stamp, finex and coinbase are within a $2 range...
[2015-11-01 12:24:58] wurstgelee : diesnt seem diverged to me
[2015-11-01 12:25:01] wurstgelee : doesnt
[2015-11-01 12:25:13] BitMEX_Wally : http://exchangewar.info/#bitmex
[2015-11-01 12:25:24] BitMEX_Wally : Coinbase and Bistamp have roughly the same volume in the last 24 hour
[2015-11-01 12:26:08] wurstgelee : 27k stamp, <16k coinbase
[2015-11-01 12:26:32] wurstgelee : 16 k coinbase
[2015-11-01 12:26:52] wurstgelee : coinbase ~30% influence on mark price, stamp <1% (?)
[2015-11-01 12:26:56] wurstgelee : does that seem right?
[2015-11-01 12:27:16] wurstgelee : also grats @ #11 :)
[2015-11-01 12:27:57] Yumi : the weighting is not set, it changes all all the time
[2015-11-01 12:28:14] wurstgelee : * stamp &lt; 1%
[2015-11-01 12:28:29] wurstgelee : k, "& lt ;" works ;)
[2015-11-01 12:30:01] Yumi : you are seeing hourly snapshots of weighting, you will see when price gap between stamp and rest reduces it will gain more influence
[2015-11-01 12:30:08] wurstgelee : to finalize my rant, i dont get while that index is not weighted according to volume, at least for the USD-based exchanges (CNY seems to be ignored anyways)
[2015-11-01 12:31:26] wurstgelee : that off-the-index-price weighting makes no sense. if an exchange with big volume moves in any direction, it should drag the index price in the same direction - and not get ignored for moving away
[2015-11-01 12:32:27] BitMEX_Wally : We are thinking about having a future on an XBTCNY index
[2015-11-01 12:32:37] wurstgelee : YAY :D
[2015-11-01 12:32:40] BitMEX_Wally : Would be great for arbing
[2015-11-01 12:33:56] wurstgelee : if u wonder while im pissed about the index price, check the funny jumps of a little earlier than 9pm UTC yesterday ;)
[2015-11-01 12:48:20] mwalshe99 : wow. didn't realise people still used stamp
[2015-11-01 12:59:30] mjmj83 : is there still an insurance fee on the XBT trading?
[2015-11-01 13:03:13] stf28 : mwalshe99: it's still a good way for holding
[2015-11-01 13:04:18] ohmannomma : what is a position with -,-- and i didnt receive any liquidation email?
[2015-11-01 13:04:43] ohmannomma : ah ok, sorry
[2015-11-01 13:33:21] roymalmberg : Bitmex, it says my bitcoin deposit address is not valid?
[2015-11-01 13:35:40] roymalmberg : nevermind :)
[2015-11-01 14:19:22] BitMEX_Wally : mjmj83: No insurance fees
[2015-11-01 14:21:37] wurstgelee : the xbt index is now 60% coinbase ...its geting worse :/
[2015-11-01 14:22:01] wurstgelee : *t
[2015-11-01 14:25:44] laisee : 60% seems wrong, given CB vols?
[2015-11-01 14:26:06] wurstgelee : exactly
[2015-11-01 14:27:51] wurstgelee : stamp is %lt; 10%, finex is &lt; 20%
[2015-11-01 14:27:59] wurstgelee : &lt; ofc
[2015-11-01 14:29:44] BitMEX_Sam : That appears to be the outlier tracking deweighting bitfinex because its price is higher than all others
[2015-11-01 14:30:34] BitMEX_Sam : Explains why stamp is deweighted too, and OKC generally doesn't do much because it's only measuring intl volumes (USD)
[2015-11-01 14:30:39] wurstgelee : yes probably. but it does seem wrong, doesnt it? coinbase basically controlling the index...
[2015-11-01 14:31:14] BitMEX_Sam : Well, it's not "controlling" it, because if it tried to unilaterally move the price (and became an outlier) it would be deweighted
[2015-11-01 14:31:55] wurstgelee : yes, but deweighting happens gradually. i single smaller buy or dump @ coinbase would make the index jump currently
[2015-11-01 14:32:03] wurstgelee : *i=1
[2015-11-01 14:32:39] wurstgelee : $2 move on coinbase = &gt; $1 move of index
[2015-11-01 14:32:40] BitMEX_Sam : From the looks of the weight charts, deweighting can happen very quickly
[2015-11-01 14:33:07] BitMEX_Sam : Issue is, that only shows hourly candles
[2015-11-01 14:33:33] wurstgelee : yes..but index weighting seems fine until yesterday....its that weird for the last 24h
[2015-11-01 14:34:12] wurstgelee : 60% for coinbase just seems wrong... ;)
[2015-11-01 14:34:17] laisee : CB seems to react slower to market (china) than int'l exchanges. Will this make XBT a lagging index?
[2015-11-01 14:34:39] wurstgelee : not necessarily lagging - but currently dependant on coinbase
[2015-11-01 14:35:59] laisee : 60% weight && slow updates for CB could make XBT a 'trailing' index.
[2015-11-01 14:36:00] BitMEX_Sam : So CB has had much higher volume than usual today, and sits right in the middle of the group of 5
[2015-11-01 14:36:07] wurstgelee : whatever the exact reason in the xbx weighting algorythm is - it is not suitable to reflect the current market situation. for obvious reasons i think ;)
[2015-11-01 14:36:16] BitMEX_Sam : So I suppose it's a perfect storm.
[2015-11-01 14:37:00] laisee : yes, guess all indexes are misleading in some way ...
[2015-11-01 14:37:07] wurstgelee : well, i have my doubts. :p the index should weigh volume higher than it currently does imo
[2015-11-01 14:37:44] wurstgelee : i said it earlier, if a big vol exchange moves in one direction, it should drag the index in the same direction. and not get deweighted because of that
[2015-11-01 14:40:36] wurstgelee : or in other words: price variance weighting is too high, volume weighting too low
[2015-11-01 14:43:31] laisee : coinhills shows CB as having 1.18% of daily volume in last 24hrs. China vol is not 100% real, but 1.18 is low.