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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[2015-11-01 17:44:11] wurstgelee : :)
[2015-11-01 17:44:16] j8 : they have overcomplicated things i think
[2015-11-01 17:44:26] wurstgelee : that is not supposed to happen imo
[2015-11-01 17:45:24] j8 : well no, it would have to be a negative weight, or ignoring the most recent data
[2015-11-01 17:46:13] wurstgelee : yep. especially since its designed to resemble the mose current prices
[2015-11-01 17:48:35] SnackyCoins : the index lags slightly and we are moving down a bit. the opposite can happen going up
[2015-11-01 17:49:28] wurstgelee : i thought its not supposed to lag?
[2015-11-01 17:49:54] j8 : its not
[2015-11-01 17:50:01] SnackyCoins : I hadn't heard that?
[2015-11-01 17:50:09] SnackyCoins : it only updates every minute anyway
[2015-11-01 17:50:20] wurstgelee : TradeBlock’s XBX Index represents a real-time, USD-equivalent spot rate for bitcoin.
[2015-11-01 17:50:22] wurstgelee : real time
[2015-11-01 17:50:23] SnackyCoins : so you have a full minute's worth of data to somehow average
[2015-11-01 17:50:39] wurstgelee : but the index was higher than every exchange for at least 3 ticks
[2015-11-01 17:50:51] j8 : bitmex reports XBX once per minute, XBX updates once per second i think
[2015-11-01 17:51:01] SnackyCoins : ah didn't know that j8
[2015-11-01 17:51:04] wurstgelee : i checked on the xbx-page :)
[2015-11-01 17:51:15] wurstgelee : same as j8 i think
[2015-11-01 17:51:47] j8 : SnackyCoins: https://tradeblock.com/markets/index if you haven't seen it
[2015-11-01 17:52:45] SnackyCoins : it's not higher than bitfinex?
[2015-11-01 17:53:04] j8 : for a couple minutes it was higher than all 5
[2015-11-01 17:53:30] wurstgelee : what j8 says
[2015-11-01 17:53:35] wurstgelee : :)
[2015-11-01 17:53:35] SnackyCoins : interesting
[2015-11-01 17:53:50] wurstgelee : "interesting"...yes....and plain wrong
[2015-11-01 17:53:54] wurstgelee : =)
[2015-11-01 17:54:46] j8 : the real issue is, it's a black box.. we can only guess why
[2015-11-01 17:55:11] SnackyCoins : why not publish the algos, is your point
[2015-11-01 17:55:16] SnackyCoins : and a good one
[2015-11-01 17:55:26] wurstgelee : but even without not knowing the black box contents - this cant happen if its supposed to be a real-time index
[2015-11-01 17:55:32] wurstgelee : *-not
[2015-11-01 17:55:51] SnackyCoins : how many lines of code could they possibly have to protect, in an averaging mechanism xD
[2015-11-01 17:55:57] j8 : they have made it quite complicated, and there are certainly ways it could happen
[2015-11-01 17:57:04] wurstgelee : if it happens, their algo is broken imo
[2015-11-01 17:57:39] wurstgelee : unless they have some other problems, something lagging for some reason....but this isnt supposed to happen either
[2015-11-01 17:58:27] wurstgelee : there is simply no way an real-time averaging algo is supposed to be higher than all input v
[2015-11-01 17:58:33] wurstgelee : values
[2015-11-01 17:59:04] j8 : they do all kinds of stuff besides averaging though.
[2015-11-01 17:59:09] wurstgelee : on a sidenote, more dumping =)
[2015-11-01 18:00:01] wurstgelee : j8: probably. but an average has to be withing the range of the highes and the lowest input
[2015-11-01 18:00:06] wurstgelee : simple as that
[2015-11-01 18:00:11] wurstgelee : *t
[2015-11-01 18:00:24] j8 : no guarantee that the last price is the input
[2015-11-01 18:00:31] j8 : maybe they filter tiny trades
[2015-11-01 18:00:36] wurstgelee : it has to be if its realtime =)
[2015-11-01 18:01:02] wurstgelee : if the do, they shouldnt show the values on the xbx page
[2015-11-01 18:01:20] wurstgelee : not if they dont use them
[2015-11-01 18:05:26] mtourig3 : can someone explain isolate margin?
[2015-11-01 18:05:41] BitMEX_Sam : mtourig3: Sure -
[2015-11-01 18:05:54] BitMEX_Sam : By default, any leveraged position you enter draws upon your entire account balance in case of losses.
[2015-11-01 18:06:28] BitMEX_Sam : When you isolate, the system puts the minimum amount of equity into the position to keep it open. Once that runs out, the position is liquidated.
[2015-11-01 18:06:45] BitMEX_Sam : Essentially, isolating limits your losses, protecting the rest of the equity in your account, but makes you more susceptible to liquidation.
[2015-11-01 18:14:40] wurstgelee : xbx index going down because stamp is now within the other exchanges, gets weigthed higher...and drags the index down
[2015-11-01 18:15:20] wurstgelee : wtf
[2015-11-01 18:15:31] wurstgelee : did it just jump by $2?
[2015-11-01 18:15:31] irbbqu : Yea, I saw that too.
[2015-11-01 18:15:53] wurstgelee : .....
[2015-11-01 18:16:06] wurstgelee : wtf just happened?
[2015-11-01 18:16:15] irbbqu : xbx index went to 1
[2015-11-01 18:16:18] irbbqu : 314
[2015-11-01 18:16:24] irbbqu : So 1 usd spike
[2015-11-01 18:16:24] mtourig3 : BitMEX_Sam: thanks!
[2015-11-01 18:16:52] irbbqu : Coinbase dump probably
[2015-11-01 18:17:41] wurstgelee : this is not funny :|
[2015-11-01 18:18:28] j8 : yeah, bitfinex and bitstamp are both outliers, until coinbase is close to one of them
[2015-11-01 18:18:52] wurstgelee : yep
[2015-11-01 18:19:38] j8 : which happened with a 30 coin dump just now
[2015-11-01 18:20:11] wurstgelee : thats what i was saying earlier. xbx can easily be manipulated with a small amount of coins
[2015-11-01 18:20:33] wurstgelee : effecitvely resulting in margin calls here
[2015-11-01 18:21:20] wurstgelee : whach the index go south as a small sell on coinbase happened ;)
[2015-11-01 18:21:24] wurstgelee : *whatch
[2015-11-01 18:22:00] wurstgelee : tadaaah :)
[2015-11-01 18:22:16] wurstgelee : *watch btw
[2015-11-01 18:24:51] wurstgelee : and again
[2015-11-01 18:25:39] lockhedge : working on the solution ;) https://robotfinance.org/api/bix_alpha/ BIX worked quite well for my experimental mm bot (40% return) in the last 4 weeks.
[2015-11-01 18:26:40] wurstgelee : that sounds promising
[2015-11-01 18:35:44] wurstgelee : coinbase has a 6$ spread. oO
[2015-11-01 18:36:44] BitMEX_Sam : Did it? I only see 0.01c
[2015-11-01 18:36:48] BitMEX_Sam : Rather, $0.01
[2015-11-01 18:37:03] wurstgelee : oh, my bad
[2015-11-01 18:37:06] wurstgelee : no, it doesnt
[2015-11-01 18:37:08] wurstgelee : all good =)
[2015-11-01 18:43:20] Yumi : where from you getting your crazy spreads, $7 before now $6?
[2015-11-01 18:45:18] wurstgelee : from a fuckup on my side. apparently my browser froze
[2015-11-01 18:48:43] wurstgelee : stamp simply ignores what happens elsewhere these days. ;)
[2015-11-01 18:55:37] wurstgelee : it happened again btw. xbx index higher than all 5 exchangesa
[2015-11-01 18:55:40] wurstgelee : *-a
[2015-11-01 19:14:20] Yumi : did MM quit H16 for good?
[2015-11-01 20:03:47] wurstgelee : dunno
[2015-11-01 20:53:59] bondi : err...does getting the deposit address initially take long or is it just me?
[2015-11-01 20:54:32] BitMEX_Sam : Sometimes it can take a moment, did it show up @bondi?
[2015-11-01 20:55:02] bondi : @BitMEX_Sam: Not yet...
[2015-11-01 20:55:36] BitMEX_Sam : Hmm. Let me look into it. Try a refresh?
[2015-11-01 20:55:53] bondi : will do @BitMEX_Sam
[2015-11-01 20:56:11] BitMEX_Sam : Ah. I see the issue. You need to set a country in your account page
[2015-11-01 20:56:51] bondi : BitMEX_Sam: ah..will do..cheers!
[2015-11-01 21:49:13] mwalshe99 : orderbook is thin without the bot
[2015-11-01 21:50:36] sleger : i guess its losing money ?
[2015-11-01 21:50:58] mwalshe99 : ye probably
[2015-11-01 21:51:14] mwalshe99 : bots like that get killed during big volatility
[2015-11-01 21:51:34] mwalshe99 : its a shame though the liquidity was nice
[2015-11-01 21:53:48] wurstgelee : china smashed 2200, btc remembered it's a bull marked.
[2015-11-01 21:53:50] wurstgelee : ;)
[2015-11-01 21:53:55] wurstgelee : market ofc
[2015-11-01 21:55:05] mwalshe99 : owww, theres my bot back
[2015-11-01 21:55:15] wurstgelee : YAY :D
[2015-11-01 21:58:36] macios15 : china bulls are going to start pump soon
[2015-11-01 22:02:43] messiaen8844 : chinca has awaken l
[2015-11-01 22:02:46] messiaen8844 : c
[2015-11-01 22:02:52] wurstgelee : yep
[2015-11-01 22:04:35] messiaen8844 : ETH up as
[2015-11-01 22:04:45] messiaen8844 : w
[2015-11-01 22:05:06] messiaen8844 : strange, chat is cutting up my words
[2015-11-01 22:05:27] mwalshe99 : :( first liquidation of the dya
[2015-11-01 22:05:28] mwalshe99 : damn china
[2015-11-01 22:05:50] BitMEX_Sam : messiaen8844: How is it cutting them up?
[2015-11-01 22:06:03] messiaen8844 : tes
[2015-11-01 22:06:04] messiaen8844 : tes
[2015-11-01 22:06:18] messiaen8844 : hmm,, it seems if I type it fast enought just half of the word appears
[2015-11-01 22:06:55] BitMEX_Sam : Ah, you might be seeing some latency if you've kept the tab open for a long time. I've squashed some memory leaks today - you'll get the new code if you just refresh
[2015-11-01 22:07:00] messiaen8844 : it shows up on my console, but if I press enter immediately (like, in a split of a second) it doesn't show up entirely
[2015-11-01 22:07:32] messiaen8844 : right, that must be it, I just type way too fast
[2015-11-01 22:07:41] BitMEX_Sam : 2fast2furious
[2015-11-01 22:08:17] messiaen8844 : fond memories of playing typing game in BBSs in the early 90s
[2015-11-01 22:10:03] messiaen8844 : damn, if BTC new highs my short is toasted
[2015-11-01 22:10:48] wurstgelee : i wouldnt short currently tbh
[2015-11-01 22:10:50] wurstgelee : ;)
[2015-11-01 22:12:28] messiaen8844 : shorting in weekly, low leverage, couldnt resist
[2015-11-01 22:26:34] diggy : hey how does cross margin work?
[2015-11-01 22:27:17] diggy : when i clicick the checkbox "isolate margin" i get the profit credited to my ac
[2015-11-01 22:27:34] diggy : account?
[2015-11-01 22:27:52] ayy lmao : is that a question or a statement?
[2015-11-01 22:28:09] ayy lmao : as far as i know u dont get profit until contract closes
[2015-11-01 22:28:14] ayy lmao : its witheld from u
[2015-11-01 22:28:18] BitMEX_Sam : Nope - it's like cross/fixed margin on other sites
[2015-11-01 22:28:32] ayy lmao : cross uses whole account as collateral for position
[2015-11-01 22:28:44] BitMEX_Sam : I'm going to do a small guide page in the `Trading` section about isolated margin
[2015-11-01 22:30:19] diggy : thank
[2015-11-01 22:43:48] sleger : big bitfinex order
[2015-11-01 22:51:33] justinlooking : punchy
[2015-11-01 22:55:03] sleger : removed
[2015-11-01 22:56:13] wurstgelee : time to reload longs soon ;)
[2015-11-01 23:03:46] podizzle3k : just be careful apparently you can be liquidated in 18 seconds during a relatively sideways period
[2015-11-01 23:03:52] podizzle3k : "fair price" index ftw
[2015-11-01 23:07:35] Murch : Add margin to your isolated positions so that doesn't happen.
[2015-11-01 23:08:13] Murch : That's what kept me from getting liquidated just now actually.
[2015-11-01 23:11:19] wurstgelee : yeah, that index is "problematic" ....
[2015-11-01 23:11:23] stf28 : podizzle3k: yeah it happened to me also
[2015-11-01 23:11:27] cekseh : Small wall on finex is back =P
[2015-11-01 23:11:28] wurstgelee : had some discussion here todaxy about that
[2015-11-01 23:11:45] stf28 : you gotta manage the margin carefully
[2015-11-01 23:11:46] wurstgelee : wb small wall ;)
[2015-11-01 23:12:06] cekseh : Step 1, understand your trading engine
[2015-11-01 23:12:14] cekseh : Step 2, don't complain about getting rekt
[2015-11-01 23:12:46] stf28 : step 3 profit ?
[2015-11-01 23:14:07] cekseh : For some of us =)
[2015-11-01 23:14:18] cekseh : Someone is taking the opposite side of these trades
[2015-11-01 23:14:22] cekseh : rip
[2015-11-01 23:14:23] Murch : 100x margin can only be done with tiny amounts is the first thing to learn.
[2015-11-01 23:15:06] SnackyCoins : you can add margin to it you know. it doesnt have to be 100x
[2015-11-01 23:15:16] sleger : Murch: that doesnt make any sense
[2015-11-01 23:15:17] SnackyCoins : thats what that little +B icon is next to the margin
[2015-11-01 23:15:26] sleger : either it works or it doesnt, its irrespective of the amount
[2015-11-01 23:15:28] mwalshe99 : Murch: +1
[2015-11-01 23:15:46] SnackyCoins : it's called risk management sleger
[2015-11-01 23:15:53] Murch : Captain Literal to the rescue.
[2015-11-01 23:16:03] mwalshe99 : sleger: nah. theres not enough liquidity here to play 100x without using small amounts
[2015-11-01 23:16:14] sleger : then what he meant to say is not small amount, its small % of your assets
[2015-11-01 23:16:48] SnackyCoins : the liquidity is relevant as well
[2015-11-01 23:16:56] Murch : relatively*** small amount my bad dude.
[2015-11-01 23:17:21] mwalshe99 : id be so happy if this exchange got more liquidity
[2015-11-01 23:18:13] Murch : It's getting there, think about how it was just 2 months ago.
[2015-11-01 23:18:24] mwalshe99 : didnt know about this place 2 months ago
[2015-11-01 23:18:35] BitMEX_Sam : Yes, it is much improved, even over 1mo ago
[2015-11-01 23:18:41] Murch : Well take it from me, it's improving quickly.
[2015-11-01 23:19:02] wurstgelee : mm bot <3
[2015-11-01 23:19:03] mwalshe99 : looks like it. really like the fact the staff are always here pretty much to help and answer questions
[2015-11-01 23:19:06] mwalshe99 : does look really good
[2015-11-01 23:19:12] wurstgelee : love it ;)
[2015-11-01 23:19:19] mwalshe99 : trading system seems clean
[2015-11-01 23:19:23] mwalshe99 : just worried about security
[2015-11-01 23:19:29] Murch : mwalshe99: agreed
[2015-11-01 23:19:30] SnackyCoins : i can get filled within minutes if on the top of the book on 24h, it's nice. at least as fast as bitfinex
[2015-11-01 23:19:30] mwalshe99 : but thats just the landscape in general
[2015-11-01 23:19:36] BitMEX_Sam : mwalshe99: https://www.bitmex.com/app/security
[2015-11-01 23:19:42] sleger : hack or scam ?
[2015-11-01 23:19:44] SnackyCoins : MEX has best security
[2015-11-01 23:19:45] Murch : security seems fine I think
[2015-11-01 23:19:57] SnackyCoins : no hot wallet on bitmex
[2015-11-01 23:20:01] mwalshe99 : oiii
[2015-11-01 23:20:08] mwalshe99 : you guys and your awesome security
[2015-11-01 23:21:29] sleger : what's the matching engine language ? (c++, java ... ?)
[2015-11-01 23:21:43] BitMEX_Sam : sleger: Q - http://kx.com/
[2015-11-01 23:22:17] BitMEX_Sam : http://kx.com/software.php has some more details
[2015-11-01 23:22:34] sleger : isnt kdb super duper expensive to maintain ?
[2015-11-01 23:22:43] sleger : in terms of hardware costs
[2015-11-01 23:26:25] mwalshe99 : finex breaking out
[2015-11-01 23:26:42] BitMEX_Sam : sleger: Not at all, it has very modest hardware requirements
[2015-11-01 23:27:08] mwalshe99 : sam is there a way for us to check the weight against each of the exchanges for the fair price?
[2015-11-01 23:27:38] BitMEX_Sam : mwalshe99: https://tradeblock.com/markets/index/ publishes weightings but they are only hourly, we're working on either having them publish more frequent weightings, or setting it up here ourselves
[2015-11-01 23:28:37] mwalshe99 : perfect thanks
[2015-11-01 23:42:58] wurstgelee : glad to see coinbase's influence on the index is reduced again ;)
[2015-11-01 23:43:32] wurstgelee : 60% wasnt funny :|
[2015-11-01 23:50:17] BitMEX_Sam : https://www.bitmex.com/app/isolatedMargin - new guide on isolated/cross margin
[2015-11-02 00:15:49] Murch : Well written I'm sure it'll help people.
[2015-11-02 00:20:10] mwalshe99 : Sam, any chance you could change the name of the chatroom to something else but trollbox?
[2015-11-02 00:20:36] mwalshe99 : just kinda promotes childish behaviour
[2015-11-02 00:21:05] mwalshe99 : silly request i know
[2015-11-02 00:21:40] mwalshe99 : just weird being on a propper trading engine with the words trollbox sticking out of the bottom
[2015-11-02 00:29:22] Original_Wolf : Ironically, everyone has been completely of the upper intelligence in regards to language, conversation subject, and matter of facts.
[2015-11-02 00:30:01] Murch : It's sort of a signature of the crypto environment.
[2015-11-02 00:31:54] cekseh : What is?
[2015-11-02 00:32:01] cekseh : Certainly not what wolf mentioned
[2015-11-02 00:32:11] Murch : Trollbox as the name of the chatboxes
[2015-11-02 00:32:19] cekseh : Ah, yes
[2015-11-02 00:34:46] mwalshe99 : yea but who wants a business like everyone elses?
[2015-11-02 00:34:58] mwalshe99 : most of the exchanges are known to be unprofessional and poor
[2015-11-02 00:35:01] mwalshe99 : why copy them?
[2015-11-02 00:35:12] mwalshe99 : especially btce who started all this trolbox crap
[2015-11-02 00:35:44] Murch : I feel like you're overthinking it but to each his own.
[2015-11-02 00:35:55] mwalshe99 : yea probably
[2015-11-02 00:35:59] mwalshe99 : just bored as fuck tbh
[2015-11-02 00:36:07] Murch : I feel ya
[2015-11-02 00:36:12] mwalshe99 : checking everything on the exchange out
[2015-11-02 00:36:32] Murch : The interface sure is sexy as hell though.
[2015-11-02 00:37:39] mwalshe99 : yup. system seems responsive. security seems good. i love the idea of using an index instead of the current price aswell
[2015-11-02 00:37:43] mwalshe99 : just needs more liquidity
[2015-11-02 00:38:12] Murch : Agreed on all points.
[2015-11-02 00:38:54] Murch : If there is another bubble then liquidity is on the way loool
[2015-11-02 00:40:19] mwalshe99 : dont think there will be another bubble :(
[2015-11-02 00:40:51] Murch : It feels like now or never but we'll see.
[2015-11-02 00:41:14] mwalshe99 : am confident for 400 sooon though
[2015-11-02 00:41:32] mwalshe99 : like, next few nonths max
[2015-11-02 00:41:37] mwalshe99 : maybe next week
[2015-11-02 00:42:22] Murch : Next week seems possible
[2015-11-02 00:43:10] Murch : Thing about bitcoin is once the momentum starts it can be relentless.
[2015-11-02 00:43:23] Murch : Might be a product of its small size..
[2015-11-02 00:49:32] xelamat : at what price will there be decent liquidity on long dated futures? the spread on the march 25 order book is silly for non trivial amounts
[2015-11-02 00:50:57] BitMEX_Sam : xelamat: Unfortunately all I can say is, "when someone provides it". We're working on more market making relationships to improve the situation, but our concentration is on making the shorter-term futures as liquid as possible.
[2015-11-02 00:53:17] xelamat : fair enough, and I do have to say that acting as market maker with a bit of patience does yield some great deals. However, any suggestions for going long btc in larger volumes in terms of btc without having to roll daily/weekly? Or maybe an automated way to rollover?
[2015-11-02 00:55:24] xelamat : Actually if I understand correctly, even the long dated futures are basically rolling on a weekly basis via "rebalancing", any way to just link up the order books to boost liquidity?
[2015-11-02 00:56:15] BitMEX_Sam : xelamat: I'm sure Arthur might have some suggestions about that, I'll have him ping you in a bit.
[2015-11-02 00:56:54] BitMEX_Sam : As for books sharing liquidity, definitely something we've thought about in terms of the cal spreads (which are unlisted at the time due to liquidity concerns)
[2015-11-02 00:57:49] xelamat : That would be great. And thanks, appreciate how attentive you are to questions. I really love what you're doing in the exchange space.
[2015-11-02 00:58:49] BitMEX_Sam : Thanks xelamat, we're trying to improve every day. We appreciate suggestions like this
[2015-11-02 01:10:09] wurstgelee : ouch. that wall is gone @ finex
[2015-11-02 01:51:48] cengel : does total turnover in affiliate include maker turnover or only commission-generating taker volume?
[2015-11-02 01:53:38] cengel : for the purpose of the payout structure % levels
[2015-11-02 01:55:22] cengel : The wording of the doc looks like its any turnover, and the commissions obviously only on taker. Just verifying.
[2015-11-02 02:35:15] BitMEX_Wally : cengel: Yes turnover includes any turnover including settlements
[2015-11-02 02:35:30] cengel : Thanks for clarifying
[2015-11-02 02:38:29] messiaen8844 : BTC-e $20 behind bitfinex? is bitcoinwisdom correct
[2015-11-02 02:57:51] mwalshe99 : yup. its 50 behind OKC CNY
[2015-11-02 04:50:05] mtourig3 : BitMEX_Wally: Hi quick question: when the XBT24H contacts expire (7 hrs) does your position get sold at market price?
[2015-11-02 04:52:26] mtourig3 : or can anyone answer?
[2015-11-02 04:55:40] gaoMex : mtourig3: settlement price.
[2015-11-02 04:56:42] BitMEX_Wally : mtourig3: Your position gets sold at the settlement price which is calculated from the index
[2015-11-02 04:57:15] BitMEX_Wally : So it is effectively the market price of Bitcoin
[2015-11-02 05:00:24] mtourig3 : so the fair price?
[2015-11-02 05:00:48] mtourig3 : listed in the middle of the orderbook?
[2015-11-02 05:09:13] JDUB99 : Anyone see the big spike on okcoin?
[2015-11-02 05:09:35] JDUB99 : =p
[2015-11-02 05:11:06] gaoMex : USD?
[2015-11-02 05:17:07] JDUB99 : yes
[2015-11-02 05:17:10] JDUB99 : only on ok, other exchanges don't have it
[2015-11-02 05:17:48] gaoMex : I noticed. Seems to have an effect on the rest of the USD exchanges.
[2015-11-02 05:17:49] BitMEX_Wally : mtourig3: Yes, the fairPrice decays into the settlement price
[2015-11-02 06:56:10] Swedishnut : wowzer volume is on fire
[2015-11-02 08:08:23] donchard : pls what this error message all about Order could not be submitted: Executing at 325 would cause immediate liquidation. Try disabling isolated margin.
[2015-11-02 08:09:12] BitMEX_Arthur : donchard: We do a risk check, if your order was filled at a price that would place your position in margin call we do not allow you to submit that order
[2015-11-02 08:09:25] BitMEX_Arthur : What exactly are you trying to do?
[2015-11-02 08:10:02] donchard : placing stop loss
[2015-11-02 08:11:03] BitMEX_Arthur : A stop limit order where the trigger price would cause you to be in a margin call is not allowed at the present moment.
[2015-11-02 08:25:57] BitMEX_Wally : donchard: You are short `XBTH16` but have placed a StopLimit to buy `XBT24H`?
[2015-11-02 08:27:03] donchard : am just try to perfect
[2015-11-02 08:27:24] donchard : but the xbt is not trigerring
[2015-11-02 08:28:09] BitMEX_Wally : Your StopLimit order to buy `XBT24H` will trigger then the mark price reaches 340
[2015-11-02 08:28:22] BitMEX_Wally : The mark price is currently 332.64
[2015-11-02 08:30:05] donchard : how do i place take profit and stoploss when i want to buy or sell
[2015-11-02 08:30:30] BitMEX_Wally : A take profit order is just a Limit order
[2015-11-02 08:30:55] BitMEX_Wally : So if you are long `XBT24H` just put a Limit order to sell at 340 (say)
[2015-11-02 08:31:12] donchard : okay
[2015-11-02 08:31:13] BitMEX_Wally : You can also place a Stop Limit order to sell at 320 (say)
[2015-11-02 08:31:33] donchard : ok
[2015-11-02 09:08:15] Gemz : when is the btc auction? nov 5th?
[2015-11-02 09:23:55] BitMEX_Wally : Gemz: http://www.usmarshals.gov/news/chron/2015/100515.htm
[2015-11-02 09:24:05] BitMEX_Wally : The auction will take place during a six-hour period Nov. 5 from 8 a.m. to 2 p.m. EST
[2015-11-02 09:24:57] Gemz : thanks
[2015-11-02 10:50:48] ohmannomma : whats the difference between a closure for stop loss and a forced liquidation? same commissions or more?
[2015-11-02 11:01:29] BitMEX_Wally : ohmannomma: Liquidations are charged the Taker Fee, but with a Stop Limit order it could be a Maker or a Taker
[2015-11-02 11:55:59] stf28 : i don't like this question ^^
[2015-11-02 12:03:11] wurstgelee : moon :)
[2015-11-02 12:05:05] gaoMex : not yet.
[2015-11-02 12:05:12] gaoMex : sky for now. :)
[2015-11-02 12:06:52] mwalshe99 : wurstgelee: moon. VIA THE CORE
[2015-11-02 12:07:25] gaoMex : might be good to load up LTC now.
[2015-11-02 12:14:04] Gemz : WHAT IS LITECOIN?
[2015-11-02 12:14:09] Gemz : sry caps
[2015-11-02 12:14:21] Gemz : its all about bitcoin now
[2015-11-02 12:14:21] megaka5 : how long does it usually takes until the daily withdraw batch is checked and submited? (how long after 12 utc does it take max until my withdraw gets trough) ?!
[2015-11-02 12:17:14] Gemz : bitcoin about to break out to the upper side
[2015-11-02 12:22:58] jung1 : damn what a pump
[2015-11-02 12:23:01] jung1 : $10
[2015-11-02 12:27:35] j8 : kind of bad timing for china, can't count on them buying for another 12 hours or so. maybe US will close the gap today
[2015-11-02 12:28:54] lud__ : hello bitmex, am trying to understand how I can use stop orders. Say I am in a long on XBT24H from 330, price is 345, how to put a sell stop at 340?
[2015-11-02 12:29:40] messiaen8844 : I have a question also, if my liquidation point gets reached will other stop orders on the same contract be cancelled aswell,
[2015-11-02 12:30:05] jung1 : lud__: go on close limit
[2015-11-02 12:30:12] jung1 : in order control
[2015-11-02 12:31:03] j8 : messiaen8844: i believe the first thing that happens in liquidation is cancelling all your orders
[2015-11-02 12:32:39] messiaen8844 : thanks, will try if 1 contract just to be sur ;
[2015-11-02 12:32:47] BitMEX_Wally : lud__: If you are long then you want a Stop Limit order to Sell with a Stop Price of 340
[2015-11-02 12:33:06] BitMEX_Wally : jung1: A Close Limit order is for taking profit, not stop lossing
[2015-11-02 12:34:03] messiaen8844 : thanks wally, so Close Limit will cancel Stop Limit then?
[2015-11-02 12:35:30] BitMEX_Wally : A close limit order is just simple way of enter a Limit Order, it fills in the quantity and direction based on your position at the time
[2015-11-02 12:35:54] BitMEX_Wally : We are looking at implementing OCO orders (one-cancels-the-other) which will do what you want.
[2015-11-02 12:36:40] BitMEX_Wally : i.e. if you want a stop loss and a take profit but only want 1 of these orders to execute then an OCO with a StopLimit and a Limit order would suit
[2015-11-02 12:37:11] lud__ : Wally, and on the Stop Limit order, Stop price triggers an order at Limit price?
[2015-11-02 12:39:58] BitMEX_Wally : Yes
[2015-11-02 12:40:14] lud__ : ok, thanks
[2015-11-02 12:40:19] roymalmberg : can you have a limit stop that sells at market?
[2015-11-02 12:41:25] BitMEX_Wally : roymalmberg: We are working on implementing that
[2015-11-02 12:42:24] BitMEX_Wally : `Market` and `Stop` orders have no limit price and are very dangerous
[2015-11-02 12:43:28] roymalmberg : Yes in a illiquid market
[2015-11-02 12:44:35] roymalmberg : but I'm thinking; if i go to sleep and want to exit at price X and stop limit is missed price is going to slide and i might not get out?
[2015-11-02 12:45:11] lud__ : again for Stop Limit Order, what happens if Stop price and Limit price are the same? Say trigger is 340, limit is 340?
[2015-11-02 12:46:02] lud__ : (and by the time it is triggered, price is at 339)
[2015-11-02 12:50:07] BitMEX_Wally : lud__: The order will sit in the book
[2015-11-02 12:50:20] BitMEX_Wally : If you are long, I suggest you put the limit price below the stop price
[2015-11-02 12:53:38] zanza : stamp is driving the price up now
[2015-11-02 13:00:29] megaka5 : how long does it take until withdraws from yesterday are processed? (i thought batches are checked manually @ 12 UTC - thats one hour ago and i still cant see any incoming tx :(
[2015-11-02 13:01:18] sleger : maybe its due to DST
[2015-11-02 13:04:17] BitMEX_Wally : megaka5: Let me check
[2015-11-02 13:04:52] megaka5 : BitMEX_Wally: thx
[2015-11-02 13:06:38] BitMEX_Wally : megaka5: Your transaction was processed and broadcast 30 mins ago, let me check the blockchain
[2015-11-02 13:07:36] megaka5 : yeah i just relized its unconfirmed on blockr.io but not shown on blockchain.info
[2015-11-02 13:09:54] BitMEX_Wally : Yeah, it looks like someone took the transaction and rebroadcast it with a different hash
[2015-11-02 13:10:03] BitMEX_Wally : transaction malleability
[2015-11-02 13:10:31] BitMEX_Wally : blockr.io shows both transactions as pending
[2015-11-02 13:10:41] BitMEX_Wally : blockchain.info will warn about a double spend
[2015-11-02 13:11:16] megaka5 : ok so thanks for the help, i guess i just have to wait for it to clear up.
[2015-11-02 13:11:20] BitMEX_Wally : Actually, it looks like it's been confirmed
[2015-11-02 13:11:43] BitMEX_Wally : But the other tx is still floating around these block explorers
[2015-11-02 13:12:32] j8 : had that happen to a withdrawal the other day. also, the multisig transactions can be pretty big, i got neglected for several blocks because of low fee
[2015-11-02 13:12:33] BitMEX_Wally : Yes, chain.com says it has 5 confirmations
[2015-11-02 13:15:32] BitMEX_Wally : megaka5: I have emailed you
[2015-11-02 14:06:22] mwalshe99 : BitMEX_Wally: Wally, just out of curiosity, whats the best ROI out of all of your traders?
[2015-11-02 14:06:41] mwalshe99 : BitMEX_Wally: i say all of your traders, i mean customers
[2015-11-02 14:07:00] BitMEX_Wally : Not sure, would have to look
[2015-11-02 14:07:06] j8 : not public information
[2015-11-02 14:08:18] mwalshe99 : j8: its not identifiable. just curious with 100x
[2015-11-02 14:08:30] mwalshe99 : j8: must be some big ROIs
[2015-11-02 14:08:44] BitMEX_Wally : It's hard to calculate, because what do you count as the investment. Deposits? What about withdrawals?
[2015-11-02 14:09:06] BitMEX_Wally : Or do you just mean the biggest daily unrealised ROE?
[2015-11-02 14:09:33] mwalshe99 : (balance+total withdrawals)/total deposits
[2015-11-02 14:10:36] mwalshe99 : as i said, just curious, need a target :)
[2015-11-02 14:11:36] SnackyCoins : you could do that easily mwalshe, just find the $ of a big move and pretend it was played on 100x
[2015-11-02 14:11:47] SnackyCoins : assume someone got the best possible trade on that move because at least 1 person did
[2015-11-02 14:12:01] mwalshe99 : SnackyCoins: yea, its just interesting
[2015-11-02 14:12:03] BitMEX_Wally : Hah I just ran a query and some people have made infinity
[2015-11-02 14:12:08] mwalshe99 : LOL
[2015-11-02 14:12:10] SnackyCoins : lol
[2015-11-02 14:12:14] BitMEX_Wally : Because they never deposited, just affiliate payouts
[2015-11-02 14:12:16] mwalshe99 : think you might have a problem! ;)
[2015-11-02 14:12:23] mwalshe99 : affiliate payouts?
[2015-11-02 14:12:28] mwalshe99 : wheres your affiliate system?
[2015-11-02 14:12:31] SnackyCoins : must be BTCVIX's account ;)
[2015-11-02 14:12:43] BitMEX_Wally : https://www.bitmex.com/app/affiliates
[2015-11-02 14:12:50] BitMEX_Wally : You have a personal affiliate link you can share
[2015-11-02 14:12:57] BitMEX_Wally : Anyone you refer will get a 10% discount on fees
[2015-11-02 14:13:07] BitMEX_Wally : And you'll get at least 10% of any fees they pay
[2015-11-02 14:14:08] mwalshe99 : BitMEX_Wally: so yeah, wally, whats the average for the top 10% of traders for ROI?
[2015-11-02 14:14:17] mwalshe99 : maybe sort by people who have deposited atleast 0.5 btc?
[2015-11-02 14:14:31] BitMEX_Wally : The best trader has a margin balance that is 6.5x his deposits
[2015-11-02 14:14:39] mwalshe99 : hah.
[2015-11-02 14:14:48] mwalshe99 : give me another day ;)
[2015-11-02 14:15:05] mwalshe99 : although back to work tomorrow do no day tradin
[2015-11-02 14:15:12] mwalshe99 : this exchange is literally a day traders wet dream :)
[2015-11-02 14:16:01] BitMEX_Wally : mwalshe99: You're doing well
[2015-11-02 14:16:36] SnackyCoins : slightly on topic, i would like to see sentiment data published eventually (maybe around the time there's the liquidity to re-add contracts)
[2015-11-02 14:17:21] mwalshe99 : Wally, sorry for all the questions, but very unlikely going to get a chance to talk to you guys if/once this exchange blows up
[2015-11-02 14:17:32] mwalshe99 : what happens if your AWS account gets compromised?
[2015-11-02 14:17:51] BitMEX_Wally : All your Bitcoins are safe
[2015-11-02 14:17:57] mwalshe99 : perfect
[2015-11-02 14:18:03] BitMEX_Wally : They are stored in multisig wallets and the keys are held by the partners
[2015-11-02 14:18:15] mwalshe99 : you guys have smashed it
[2015-11-02 14:18:16] BitMEX_Wally : 2 of the 3 partners must manually sign each withdrawal
[2015-11-02 14:18:48] SnackyCoins : someday wally/sam/arthur will be too busy and zane tackett will be hired to talk to us xD
[2015-11-02 14:19:42] BitMEX_Wally : Hahah
[2015-11-02 14:19:47] j8 : his job would be a lot easier than customer relations for bitmex/okc
[2015-11-02 14:19:50] j8 : **finex
[2015-11-02 14:19:56] BitMEX_Wally : We need to chat to you guys so we know how we are doing
[2015-11-02 14:20:05] BitMEX_Wally : Feature suggestions, etc.
[2015-11-02 14:20:22] mwalshe99 : i've used every major exchange over the years and as a base, this seems the best
[2015-11-02 14:20:26] BitMEX_Wally : Sure, we have hired people for customer service, but that's just handling tickets
[2015-11-02 14:20:37] mwalshe99 : time will tell though if you guys can keep up with the scale but all looks really good right now
[2015-11-02 14:20:49] BitMEX_Wally : mwalshe99: Thanks :)
[2015-11-02 14:21:04] SnackyCoins : in or outsourced support?
[2015-11-02 14:21:10] BitMEX_Wally : In house
[2015-11-02 14:21:29] SnackyCoins : in house remotely ya? :)
[2015-11-02 14:21:41] mwalshe99 : features: add a current balance to the transaction history after each transaction. makes keeping up with our trade success/fees allot easier
[2015-11-02 14:21:57] SnackyCoins : I should have sent in my resume ;)
[2015-11-02 14:22:39] SnackyCoins : though I am probably making more trading this rally than I would make answering tickets
[2015-11-02 14:24:34] BitMEX_Wally : SnackyCoins: This is our approach to customer support: http://blog.fogcreek.com/scaling-customer-service-by-fixing-things-twice/
[2015-11-02 14:24:51] fyrstikken : also use bitmex teamspeak
[2015-11-02 14:24:56] fyrstikken : ts.bitmex.com
[2015-11-02 14:25:02] fyrstikken : add it in a new tab
[2015-11-02 14:30:29] SnackyCoins : The article puts it eloquently wally. I fixed issues at my last job by a similar method :) But i was the sole support and also sole process decisionmaker so it was mostly "ok how do I stop getting these calls"
[2015-11-02 15:01:12] lud__ : Don't know if its a bug: when switching to "remove margin", confirmation button says "Add margin"
[2015-11-02 15:03:23] BitMEX_Sam : lud__: Thanks
[2015-11-02 15:03:32] BitMEX_Sam : You're correct - will fix
[2015-11-02 15:11:58] lud__ : cool, np
[2015-11-02 15:13:27] mwalshe99 : fucka
[2015-11-02 15:15:38] mwalshe99 : love the autocorrect
[2015-11-02 15:30:34] Murch : Could you please put the +/- whatever the mark price is compared to entry price in () in the order controls somewhere?
[2015-11-02 15:30:59] Murch : You guys did put it there at one point and I found it pretty useful to tell how the position is doing at a glance.
[2015-11-02 15:31:35] BitMEX_Sam : Yeah, we thought the order controls were getting a bit too crowded
[2015-11-02 15:31:46] BitMEX_Sam : Are you using the basic or adv layout?
[2015-11-02 15:32:59] Murch : I'm using adv.
[2015-11-02 15:34:09] BitMEX_Sam : Ok. Good to know - we'll re-evaluate it
[2015-11-02 15:34:17] Murch : Thank you sir!
[2015-11-02 15:35:28] Murch : Was also wondering if you planned on adding in a calculator where you can put # of contracts, entry, and exit and then it tells you the gain/loss?
[2015-11-02 15:41:14] BitMEX_Sam : Murch: That already exists, click the Order Options dropdown on the top right of the controls
[2015-11-02 15:41:46] Murch : Oh whoops my bad! Thanks for that haha.
[2015-11-02 16:48:07] mwalshe99 : wow opened an order earlier and it got liquidated almost instantly
[2015-11-02 16:48:34] mwalshe99 : might be worth having another popup that says your liq price is very close to the index price when opening orders
[2015-11-02 16:48:41] mwalshe99 : if it is close
[2015-11-02 16:49:13] BitMEX_Wally : mwalshe99: Good idea, I'll ask BitMEX_Sam to look into it
[2015-11-02 16:50:03] mwalshe99 : (: thanks
[2015-11-02 16:50:13] BitMEX_Wally : I the order will be immediately liquidated (without any movement in the mark price) then we already reject the order, so it makes sense to have a warning when its close
[2015-11-02 16:50:27] BitMEX_Wally : *If
[2015-11-02 16:50:39] mwalshe99 : yuuup
[2015-11-02 17:05:58] rodrigobwn : Hi Wally, its my first time in here
[2015-11-02 17:06:08] rodrigobwn : can you help me?
[2015-11-02 17:07:34] BitMEX_Wally : rodrigobwn: Sure, how can I help?
[2015-11-02 17:08:31] rodrigobwn : whats the diference of the tabs, limit and stop limit? can you give me an example of situations that I can use?
[2015-11-02 17:12:05] BitMEX_Wally : A limit order can be used to enter or exit a position. If you are buying then the limit price is the most you are willing to pay
[2015-11-02 17:13:11] BitMEX_Wally : If I wanted to go long I might place a Limit order to Buy 1000 contracts at 342.00
[2015-11-02 17:13:30] BitMEX_Wally : Looking at the order book that would probably get filled immediately
[2015-11-02 17:14:12] rodrigobwn : so, the limit price is the price that I want to get iin a position....
[2015-11-02 17:14:14] BitMEX_Wally : a Stop Limit order can be used to implement a stop loss strategy. If I was long and I want to limit my losses in a fall in price
[2015-11-02 17:14:32] BitMEX_Wally : rodrigobwn: Yes, you will get in at 342.00 or less
[2015-11-02 17:16:07] rodrigobwn : ok, so the diference of the tabs is that at the stop limit I can already set up my stop loss at the entrance
[2015-11-02 17:17:43] BitMEX_Wally : You could use the Limit tab to open a long position
[2015-11-02 17:17:47] rodrigobwn : and a question, if I still adding marging when the market is against my position, and the stop loss is set up and we reach the price, it will liquidate?
[2015-11-02 17:17:49] BitMEX_Wally : Once you have a long position you might use the Stop Limit tab to set a sell order
[2015-11-02 17:19:13] BitMEX_Wally : Once the mark price reaches the stop price of your stop limit order it will be triggered. You can cancel your stop limit order and re-submit
[2015-11-02 17:19:49] BitMEX_Wally : if you want to change the stop price
[2015-11-02 17:20:01] rodrigobwn : i see
[2015-11-02 17:20:05] rodrigobwn : thanks
[2015-11-02 17:20:25] BitMEX_Wally : Try placing a few orders for just 1 contract or so
[2015-11-02 17:20:54] BitMEX_Wally : 1 contract is worth 0.0034 Bitcoin and only costs 0.000034 Bitcoin in margin
[2015-11-02 17:25:04] BitMEX_Wally : I'm heading out now, BitMEX_Sam will be around if you have any questions
[2015-11-02 17:26:24] macios15 : china pump
[2015-11-02 17:57:20] mwalshe99 : doubletop
[2015-11-02 17:57:24] mwalshe99 : 2280
[2015-11-02 17:58:10] macios15 : where?
[2015-11-02 17:58:17] mwalshe99 : OKC
[2015-11-02 17:58:32] mwalshe99 : give it a bit for confirmation but the market is going to be skeptic as fuck
[2015-11-02 17:58:48] macios15 : first wall 2300 lol huobi
[2015-11-02 17:58:54] macios15 : what top
[2015-11-02 17:59:49] mwalshe99 : 2280 OKC
[2015-11-02 18:00:23] macios15 : mwalshe99: noo, maybe corection to 2060
[2015-11-02 18:00:25] macios15 : still up
[2015-11-02 18:02:17] macios15 : mwalshe99: 2x top at 2300 i think
[2015-11-02 18:09:17] mwalshe99 : macios15: 2260's good. im only scalping
[2015-11-02 18:10:15] mwalshe99 : on here anyways. go long on OKC
[2015-11-02 18:10:33] mwalshe99 : been long since 1800
[2015-11-02 18:11:18] mwalshe99 : not closing that until 2500
[2015-11-02 18:11:46] macios15 : mwalshe99: jep i think 2,4-2,6 easy
[2015-11-02 18:14:26] macios15 : mwalshe99: huobi goes for that new week 3k cny green dildo
[2015-11-02 18:16:39] mwalshe99 : macios15: i really hope your right, but seems a little bit too straight froward
[2015-11-02 18:16:53] mwalshe99 : macios15: i really really hope your right though
[2015-11-02 18:17:30] mwalshe99 : think the bears are going to kick in a retrace first
[2015-11-02 18:19:52] macios15 : mwalshe99: i bet 3k cny before end of the week
[2015-11-02 18:20:11] mwalshe99 : macios15: might hold you to that
[2015-11-02 18:20:19] wurstgelee : it would go further and say within 24h
[2015-11-02 18:20:27] wurstgelee : ah no
[2015-11-02 18:20:32] wurstgelee : 3k lol
[2015-11-02 18:20:35] wurstgelee : i read 2.3k
[2015-11-02 18:20:37] wurstgelee : oO
[2015-11-02 18:20:53] mwalshe99 : finex doesnt care about china
[2015-11-02 18:20:54] mwalshe99 : making new highs
[2015-11-02 18:20:59] wurstgelee : yep
[2015-11-02 18:21:06] wurstgelee : has to close the gap anyways
[2015-11-02 18:21:33] wurstgelee : i like it better when finex closes gap to upper bounds instead of china lowering ;)
[2015-11-02 18:21:47] mwalshe99 : im short
[2015-11-02 18:21:54] mwalshe99 : i'd rather they waited until i close my short
[2015-11-02 18:22:02] mwalshe99 : as the fair price here relys on finex
[2015-11-02 18:22:06] mwalshe99 : :(
[2015-11-02 18:22:06] macios15 : look at this stamp broken resistance 1 h ago http://scr.hu/3e9p/q6vnl
[2015-11-02 18:22:37] wurstgelee : short i too risky now imo
[2015-11-02 18:22:46] macios15 : next stop 436-450
[2015-11-02 18:23:01] mwalshe99 : make or break time. chinas going for it
[2015-11-02 18:23:16] macios15 : BULLS ATTACK !
[2015-11-02 18:23:16] wurstgelee : not ovewsized long with some extra margin to take care of a few dollar flashcrashes
[2015-11-02 18:23:18] wurstgelee : ;)
[2015-11-02 18:29:51] mwalshe99 : common bears you lazy assholes
[2015-11-02 18:30:41] macios15 : yes, common bears close your longs
[2015-11-02 18:52:32] Swedishnut : anyone else get the feeling that if btc breaks out the stocks will take a hit?
[2015-11-02 18:53:19] sleger : no