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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[2015-11-03 20:56:33] kasman5 : got some cheap eth on here earlier
[2015-11-03 20:56:42] jung1 : and polo have nice margin on altcoins
[2015-11-03 20:56:43] Swedishnut : yeah I own 20+ lifetime membership accounts on BTS. I think there is lots of amazing opportunities in coins and their innovations at this point.
[2015-11-03 20:57:04] Murch : Oh nvm, we goin up
[2015-11-03 20:57:05] jung1 : Swedishnut: +1
[2015-11-03 20:57:10] Murch : on a Tuesday
[2015-11-03 20:57:10] messiaen8844 : its tough competition bitshares, ethereum, maidsafe, all of them good projects
[2015-11-03 20:57:14] lazerdye : Are we?
[2015-11-03 20:57:20] jung1 : 430 daily
[2015-11-03 20:57:38] IChTj4OeMavRq6qeIyEb : This market maker and his/her disappearing magic tricks...
[2015-11-03 20:58:10] jung1 : messiaen8844: I hold some bitshares, eth, xrp, monero and doge now
[2015-11-03 20:58:23] Murch : Random DDOSing everywhere stopped I suppose
[2015-11-03 21:02:28] lazerdye : yeah, my withdraws aren't showing up, blockchain.info dies, exchanges unresponsive. It's happening!
[2015-11-03 21:02:30] wurstgelee : damn, i want that mm bock back :/
[2015-11-03 21:02:46] wurstgelee : *bot
[2015-11-03 21:04:59] messiaen8844 : dont use blockchain.info, use another wallet and block explore
[2015-11-03 21:08:07] IChTj4OeMavRq6qeIyEb : Yep blockchain.info is dying (terrible security vulnerabilities and down regularly). Stopped using it a long time ago. tradeblock.com is a pretty cool block explorer.
[2015-11-03 21:08:10] lazerdye : I'd never trust the info there, in fact, I know what I need to build...
[2015-11-03 21:08:27] BitMEX_Sam : tradeblock is good, blockr.io is good too and has a nice tbtc explorer we use all the time
[2015-11-03 21:09:00] SnackyCoins : https://bitseed.org/
[2015-11-03 21:09:07] WRA|GoudaCoin : can you trade on bitmex in california
[2015-11-03 21:09:27] IChTj4OeMavRq6qeIyEb : WRA|GoudaCoin: Yes, but technically no
[2015-11-03 21:09:35] WRA|GoudaCoin : vpn
[2015-11-03 21:09:39] IChTj4OeMavRq6qeIyEb : yep
[2015-11-03 21:09:43] lazerdye : But none of those have an input field at the top of the page where I can paste an address and see junk right away.
[2015-11-03 21:09:52] WRA|GoudaCoin : :D
[2015-11-03 21:10:06] IChTj4OeMavRq6qeIyEb : tradeblock.com/bitcoin
[2015-11-03 21:10:15] IChTj4OeMavRq6qeIyEb : field at the top and you see the info you want right away
[2015-11-03 21:10:59] IChTj4OeMavRq6qeIyEb : WRA|GoudaCoin: Be careful with all that leverage
[2015-11-03 21:12:47] wurstgelee : aaaand up we go
[2015-11-03 21:13:12] zanza : brb throwing up
[2015-11-03 21:13:22] IChTj4OeMavRq6qeIyEb : zanza: lol
[2015-11-03 21:13:24] wurstgelee : zanza: lol
[2015-11-03 21:13:25] Swedishnut : dude right
[2015-11-03 21:13:27] wurstgelee : short?
[2015-11-03 21:13:28] wurstgelee : :D
[2015-11-03 21:13:32] IChTj4OeMavRq6qeIyEb : This 15 minute chart is ridiculous
[2015-11-03 21:13:53] wurstgelee : i like it tho
[2015-11-03 21:14:04] lazerdye : Now I see it....
[2015-11-03 21:14:05] wurstgelee : leveraged trading without volatility would be boring
[2015-11-03 21:14:23] jung1 : heh
[2015-11-03 21:14:35] jung1 : one of best 3h in bitcoin this year
[2015-11-03 21:14:44] jung1 : *so far
[2015-11-03 21:14:55] lazerdye : Dang it, dog wants to go for a walk... brb
[2015-11-03 21:15:25] IChTj4OeMavRq6qeIyEb : wurstgelee: Not as much when you can add all the volatility you want with leverage :p
[2015-11-03 21:15:42] wurstgelee : its a multiplicator! :D
[2015-11-03 21:16:37] Murch : Well the thing about all this upward volatility is that it's predictable as fuck.
[2015-11-03 21:16:42] Murch : Price goes down? Buy
[2015-11-03 21:16:49] wspbtc : is there anywhere that I can view bitmex charts without horrible lag?
[2015-11-03 21:17:02] wurstgelee : Murch: awwwww, dont tell everyone :p
[2015-11-03 21:17:06] IChTj4OeMavRq6qeIyEb : @wspbtc unfortunately not. Cryptowat.ch has some but they're out of date
[2015-11-03 21:17:22] Murch : wurstgelee: that's the best part, the more the merrier :DDDD
[2015-11-03 21:17:33] wurstgelee : yes, but someone has to sell! ;)
[2015-11-03 21:17:43] wurstgelee : current problem: no sellers
[2015-11-03 21:17:45] Swedishnut : what is sell?
[2015-11-03 21:18:12] wurstgelee : i know only buy, dump and margin call
[2015-11-03 21:18:18] wurstgelee : no clue what sell is
[2015-11-03 21:18:30] IChTj4OeMavRq6qeIyEb : Do you know short?
[2015-11-03 21:18:38] wurstgelee : currently? no
[2015-11-03 21:18:52] wurstgelee : i missed that big dump earlier tho :/
[2015-11-03 21:19:04] wspbtc : I really want a good chart, with the order book and a line showing the index price. That would be great
[2015-11-03 21:19:06] jung1 : so how the hell have you survive lastt 2 years?
[2015-11-03 21:19:07] wurstgelee : instead catched a bunch of knifes
[2015-11-03 21:19:08] wurstgelee : worked as well
[2015-11-03 21:19:36] Murch : Yeah my hands are calloused now.
[2015-11-03 21:19:39] wurstgelee : jung1: current situation is different
[2015-11-03 21:20:00] wurstgelee : also i didnt trade btc until 1 month ago
[2015-11-03 21:20:03] wurstgelee : only alts ;)
[2015-11-03 21:23:14] jung1 : you have some augur?
[2015-11-03 21:24:38] wurstgelee : no
[2015-11-03 21:24:46] wurstgelee : didnt touch it
[2015-11-03 21:24:52] wurstgelee : shorted eth tho ;)
[2015-11-03 21:24:59] wurstgelee : 2 times actually
[2015-11-03 21:25:14] wurstgelee : closed 2nd short today
[2015-11-03 21:25:17] wurstgelee : ;)
[2015-11-03 21:25:23] Murch : Awww yeah keep climbing baby
[2015-11-03 21:25:54] IChTj4OeMavRq6qeIyEb : Murch: I think it's going to form a pennant and this is the temporary top
[2015-11-03 21:25:54] jung1 : I made some coins play long on the beggining
[2015-11-03 21:26:04] wurstgelee : its not the same without the mm bot :(
[2015-11-03 21:26:05] jung1 : from 0.02 to 0.09 in 4 days
[2015-11-03 21:26:15] jung1 : 2x5 margin on polo
[2015-11-03 21:26:21] wurstgelee : yep, polo, same here
[2015-11-03 21:26:43] wurstgelee : currently i am waiting fro dash to do something ;)
[2015-11-03 21:26:43] jung1 : I think about go long on eth, bitshares and xrp there
[2015-11-03 21:26:48] Murch : IChTj4OeMavRq6qeIyEb: Iunno man, looks like a pretty strong bounce. Almost retraced completely.
[2015-11-03 21:27:14] wurstgelee : bitshares maybe, didnt pay much attention the last two weeks. busy with bbtc =)
[2015-11-03 21:27:32] Murch : bitshares got raped
[2015-11-03 21:27:34] IChTj4OeMavRq6qeIyEb : Murch: I agree and I don't think the rally is over. I just think things are going to bounce around a bit. Also XBT24H is $15 over spot
[2015-11-03 21:28:08] jung1 : bitshares could be huge
[2015-11-03 21:28:10] Murch : IChTj4OeMavRq6qeIyEb: Fair enough. Wouldn't be too surprising actually.
[2015-11-03 21:28:13] wurstgelee : yep, okcoin is going down
[2015-11-03 21:28:31] jung1 : xrp is backed by milions of dollars, fidor bank and western union
[2015-11-03 21:28:56] dynamike23 : its been a fun day. taking a break
[2015-11-03 21:28:59] jung1 : and eth its not fully start
[2015-11-03 21:29:19] wurstgelee : eth will have its time again i think. but not until something useful actually happens
[2015-11-03 21:29:36] jung1 : microsoft sponsor their devcon in london now
[2015-11-03 21:30:05] IChTj4OeMavRq6qeIyEb : Murch: And down we go
[2015-11-03 21:30:08] wurstgelee : i think i will deal with alts again when this btc madness is over. or if alt volume suddenly spikes
[2015-11-03 21:30:09] jung1 : they talk seriously about partnership with all internet of things stuff
[2015-11-03 21:30:16] Murch : IChTj4OeMavRq6qeIyEb: good call :)
[2015-11-03 21:30:37] Murch : Gonna try to buy this one
[2015-11-03 21:30:41] IChTj4OeMavRq6qeIyEb : Murch: A broken clock is right twice a day :)
[2015-11-03 21:30:59] jung1 : wurstgelee: yeah altcoins are easy to doubled or trippled price in couple of days
[2015-11-03 21:31:01] jung1 : fun
[2015-11-03 21:31:08] wurstgelee : yes :)
[2015-11-03 21:31:12] wurstgelee : ok, time to pay attention
[2015-11-03 21:31:35] Murch : I'm thinking like a $7 drop and then bounce
[2015-11-03 21:31:54] wurstgelee : well.more than 7 ;)
[2015-11-03 21:32:20] IChTj4OeMavRq6qeIyEb : Yeah I'm thinking more like $10
[2015-11-03 21:32:21] Murch : Hmm maybe down to 390 on finex then.
[2015-11-03 21:32:46] Murch : So we should be bouncing here hopefully?
[2015-11-03 21:32:48] wurstgelee : thats was weak so far
[2015-11-03 21:32:51] wurstgelee : blought some :)
[2015-11-03 21:32:57] wurstgelee : bought
[2015-11-03 21:33:18] Murch : Didn't even get to buy yet :(
[2015-11-03 21:33:36] wurstgelee : got a few @ 404.something
[2015-11-03 21:33:38] wurstgelee : but not much :(
[2015-11-03 21:34:08] wurstgelee : maybe not done yet
[2015-11-03 21:34:18] Murch : Someone fill me at 406 pleaaase
[2015-11-03 21:34:35] wurstgelee : ok, seems done
[2015-11-03 21:34:51] imapotato : I've been sitting out of this entire rally, just hodling.
[2015-11-03 21:34:58] wurstgelee : lol?
[2015-11-03 21:35:12] Swedishnut : :P get baking potato :P
[2015-11-03 21:35:14] imapotato : Finally decided to plop 1 BTC in here. Doing well :)
[2015-11-03 21:35:20] wurstgelee : hehe
[2015-11-03 21:35:31] Murch : Well fuck me, I missed it
[2015-11-03 21:35:32] jung1 : if you are on profit thats ok
[2015-11-03 21:35:46] jung1 : Murch: its just the beggining
[2015-11-03 21:35:53] imapotato : I'm up 36% since I started about 2 hours ago
[2015-11-03 21:36:27] Murch : jung1: Yeah I'd like to gain back what I lost over the past two years before this shit starts proper.
[2015-11-03 21:36:48] jung1 : hehe same
[2015-11-03 21:37:07] Murch : Been going well so far.
[2015-11-03 21:37:21] wurstgelee : funny enough i had 0.3 btc 2 years ago
[2015-11-03 21:37:26] wurstgelee : ;)
[2015-11-03 21:37:35] Murch : My withheld profit is like 80% of my account right now lool
[2015-11-03 21:37:37] wurstgelee : i somehow missed the entire bubble
[2015-11-03 21:37:49] jung1 : I lost a lot of money on trading, made a lot as well. quite expensive learning
[2015-11-03 21:38:10] Murch : First I made the money, then I lost it
[2015-11-03 21:38:14] IChTj4OeMavRq6qeIyEb : That rebounded faster than I thought it would. Apparently the $15 premium on spot isn't going anywhere
[2015-11-03 21:38:16] Murch : Still frustrating though
[2015-11-03 21:38:45] Murch : Yeah it's been totally relentless today
[2015-11-03 21:40:03] justinlooking : BVOL is only 10? feels like a 25 day
[2015-11-03 21:40:20] wurstgelee : well...only got like 2k but even those are nice when sold for 300% ;)
[2015-11-03 21:41:07] Murch : Uh oh, the dip strikes back
[2015-11-03 21:41:23] Murch : I guess this is my chance ;D
[2015-11-03 21:41:48] IChTj4OeMavRq6qeIyEb : Be careful. Not sure it's over yet
[2015-11-03 21:42:04] wurstgelee : 2nd dip in a row makes me suspicious
[2015-11-03 21:42:14] wurstgelee : seems weak tho
[2015-11-03 21:42:26] wurstgelee : k, not even a dip
[2015-11-03 21:43:10] Murch : Damnit
[2015-11-03 21:43:17] imapotato : Anyone else using the .onion tor hidden service?
[2015-11-03 21:43:51] wurstgelee : i think i will just buy a small size number when i go to bed. isolated ofc with some added margin. worked out great last night ;)
[2015-11-03 21:44:12] BitMEX_Sam : imapotato: That's going to shut down soon FYI
[2015-11-03 21:44:18] BitMEX_Sam : Don't rely on it
[2015-11-03 21:44:27] imapotato : Oh, why? :(
[2015-11-03 21:45:39] BitMEX_Sam : We have to verify our users' country of residence, and Tor makes it more difficult to do that
[2015-11-03 21:45:59] imapotato : But I'm totes not from the US
[2015-11-03 21:46:08] IChTj4OeMavRq6qeIyEb : Damn, I have to go to class. I'd much rather scalp another $100 but I can do that later. Later everybody
[2015-11-03 21:46:16] imapotato : One can use tor with or without a hidden service.
[2015-11-03 21:46:42] imapotato : Also a VPN.
[2015-11-03 21:48:35] Murch : This chop is getting annoying.
[2015-11-03 21:48:39] Murch : Fuck it, I'm going short.
[2015-11-03 21:50:18] Murch : IChTj4OeMavRq6qeIyEb: peace out
[2015-11-03 22:03:13] jung1 : have you seen this? new document about bitcoin https://www.youtube.com/watch?v=8zKuoqZLyKg
[2015-11-03 22:03:22] jung1 : Documentary: The Bitcoin Gospel (VPRO Backlight)
[2015-11-03 22:04:05] Murch : I have not
[2015-11-03 22:04:08] Murch : Is it good?
[2015-11-03 22:05:02] jung1 : yeah
[2015-11-03 22:05:05] jung1 : quite actual
[2015-11-03 22:05:08] jung1 : 1.11.2015
[2015-11-03 22:06:24] Murch : I'll give it a watch then.
[2015-11-03 22:10:45] Gemz : semms market is correfcting to the downside
[2015-11-03 22:12:15] Yumi : premiums still very bullish
[2015-11-03 22:12:29] Murch : Time to snip snip these premiums
[2015-11-03 22:13:20] smagin07 : downdowndowndowndowndowndowndowndown
[2015-11-03 22:13:22] Murch : I really doubt it's gonna go lower than the last dip though
[2015-11-03 22:13:38] Murch : Looking for that higher low
[2015-11-03 22:14:20] wurstgelee : will be a higher low
[2015-11-03 22:14:42] wurstgelee : it is ;)
[2015-11-03 22:16:59] kasman5 : XBT7D some premium there
[2015-11-03 22:20:35] Murch : wurstgelee: shit you right
[2015-11-03 22:21:38] imapotato : huobi rising a bit
[2015-11-03 22:22:15] Murch : a tad
[2015-11-03 22:23:09] macios15 : withdraws are made before or after settement
[2015-11-03 22:23:52] sleger : before of course so that nobody can use them
[2015-11-03 22:24:17] Murch : It's done after lol
[2015-11-03 22:25:03] MarketQ : Who should we follow the most bitstamp, Huobi, Ok coin, bitifinex ... if we choose one we can trade more effectively
[2015-11-03 22:25:33] sleger : exactly not, if you choose only one you can not trade effectively
[2015-11-03 22:25:38] j8 : btc-e
[2015-11-03 22:25:46] SnackyCoins : https://old.whaleclub.co/charts/30/okcoin,huobi,bitfinex,btce
[2015-11-03 22:25:55] SnackyCoins : ohhh wordfilter messed up the link
[2015-11-03 22:26:35] macios15 : what time utc is set made
[2015-11-03 22:26:44] sleger : 13
[2015-11-03 22:26:48] sleger : sorry 12
[2015-11-03 22:26:54] sleger : withdrawals at 13
[2015-11-03 22:27:13] macios15 : dont lie, i know with at 12
[2015-11-03 22:28:23] sleger : maybe you should do a tiny bit of search before asking the most easy to answer questions
[2015-11-03 22:29:20] jung1 : meanwhile in Bitcoin headquarters https://www.youtube.com/watch?v=ckVYO9oI8vc&feature=youtu.be
[2015-11-03 22:29:58] jung1 : SnackyCoins: put it by bit.ly
[2015-11-03 22:30:11] wurstgelee : another higher low
[2015-11-03 22:30:17] wurstgelee : were going up
[2015-11-03 22:30:18] wurstgelee : =)
[2015-11-03 22:30:37] SnackyCoins : https://goo.gl/Y2CTdS
[2015-11-03 22:31:29] jung1 : SnackyCoins: https://hypron.net/bitcoinwisdom/ is faster
[2015-11-03 22:32:07] SnackyCoins : yes but smaller
[2015-11-03 22:32:18] SnackyCoins : got the orderbook and stuff in there
[2015-11-03 22:32:25] SnackyCoins : controls/etc
[2015-11-03 22:33:08] SnackyCoins : i am not trading the 1minute 8)
[2015-11-03 22:42:49] kasman5 : Damn I need my withheld profit
[2015-11-03 22:43:56] Yumi : dont we all
[2015-11-03 22:48:23] Liivet : I'm trying to set an order, but is not allowed, why is that? "Order could not be submitted: Executing at XXX would cause immediate liquidation. Try disabling isolated margin." I have just closed what I had of open position.
[2015-11-03 22:48:59] imapotato : Are you sure the position is completely closed?
[2015-11-03 22:49:04] BitMEX_Sam : Essentially, you executed at that price, its distance from the mark price would cause you to liquidate immediately
[2015-11-03 22:49:11] imapotato : Even if it's really small, you might run into a problem if the margin is isolated.
[2015-11-03 22:49:16] BitMEX_Sam : Go to the Order Options and disable isolated margin
[2015-11-03 22:50:25] Liivet : what does isolated margin mean? I know I should read up on this
[2015-11-03 22:50:30] Liivet : hanks :)
[2015-11-03 22:50:34] Liivet : thanks *
[2015-11-03 22:51:28] Liivet : It said it would margin call, but what would it margin call given I have no other orders open
[2015-11-03 22:51:47] Liivet : position
[2015-11-03 22:52:24] Murch : You can't buy 100x on isolated margin $5 above the mark price.
[2015-11-03 22:52:32] Murch : It would instantly vaporize your position.
[2015-11-03 22:52:38] Murch : So it just doesn't let you open one.
[2015-11-03 22:55:38] lockhedge : <code>BIX</code> 401.49 <code>XBX</code> 399.78
[2015-11-03 22:56:51] lockhedge : <code>BIX</code> 404.14 <code>XBX</code> 402.86
[2015-11-03 22:57:22] micmix : lockhedge: do you have a websocket stream for BIX?
[2015-11-03 23:02:28] lockhedge : not yet, it's still a prototype, and the delay is still in the seconds (not milliseconds) area anyway, for XBX it seams to be even more latency, so polling should be still fast enough https://robotfinance.org/api/bix_alpha/
[2015-11-03 23:02:49] gouda : how come it won't let me close my position
[2015-11-03 23:04:23] WRA|GoudaCoin : im trying to close an order but not sure if im doing right as its not closing
[2015-11-03 23:05:45] lockhedge : better use a simple <code>Limit</code> order to close your position. if you are long, sell. if you are short buy.
[2015-11-03 23:06:33] micmix : lockhedge: thanks, I will start logging your index. just one suggestion: add time in milliseconds to future-proof it.
[2015-11-03 23:11:27] gouda : can you add to a trade or open another in 100x
[2015-11-03 23:11:58] BitMEX_Sam : Yes, you can increase and decrease your position as you like
[2015-11-03 23:12:07] BitMEX_Sam : You're only limited by how much margin you have in your account
[2015-11-03 23:12:27] gouda : i tried but it said i would be liquadated
[2015-11-03 23:12:32] gouda : even though short would be higher
[2015-11-03 23:13:04] BitMEX_Sam : Mark is unfortunately trailing XBT24H yet again, try unisolating margin
[2015-11-03 23:13:12] BitMEX_Sam : We have a fix for this in our testnet that we plan to roll tomorrow
[2015-11-03 23:13:33] BitMEX_Sam : This market has been seesawing so much that we determined there needs to be an automatic, transparent way to change fair price
[2015-11-03 23:13:50] BitMEX_Sam : We've developed this method and we are testing it for a few expiries before promoting it here
[2015-11-03 23:14:06] BitMEX_Sam : If any of you are interested in the new plan, see https://testnet.bitmex.com/app/dynamicProfitEqualisation#fair-price-marking
[2015-11-03 23:15:05] lockhedge : micmix: thanks for the suggestion, will add a more precise timestamp as soon as it matters
[2015-11-03 23:16:54] j8 : BitMEX_Sam: interesting so this mid price is used to adjust the basis rate periodically? how often?
[2015-11-03 23:17:22] lockhedge : BitMEX_Sam: great news. looks like a quite solid method.
[2015-11-03 23:17:28] BitMEX_Sam : Every minute
[2015-11-03 23:18:37] j8 : isn't the weighted mid price just the mark price then?
[2015-11-03 23:18:49] BitMEX_Sam : No, because it takes into account our books
[2015-11-03 23:18:52] BitMEX_Sam : Not just the XBX index
[2015-11-03 23:19:26] Murch : I like the idea
[2015-11-03 23:19:35] Murch : Might need to tweak as you go though.
[2015-11-03 23:19:40] j8 : right, but new mark price will be the weighted mid price?
[2015-11-03 23:19:43] gouda : so say my entry is 417 on a short the red price in the middle is the price i want to worry about
[2015-11-03 23:19:50] gouda : so its 413.19 now in red
[2015-11-03 23:20:39] jung1 : BitMEX_Sam: % of Commissions in affiliate expire after 6 months or its stay?
[2015-11-03 23:21:03] BitMEX_Sam : j8: Fair price == Mark Price on all non-XBU contracts
[2015-11-03 23:21:05] micmix : BitMEX_Sam: This new fair price is a bit scary for quarterlies with no liquidity on the ask side. Look at the XBTH16
[2015-11-03 23:21:22] BitMEX_Sam : micmix: We're going to start it on 24H and 7D only
[2015-11-03 23:21:24] j8 : i see that the mid price is used to set the basis rate, but then the basis rate applied applied to the index price should just be the mid price again, aside from changes within the minute
[2015-11-03 23:21:38] BitMEX_Sam : jung1: Expires at 6mo, but that's per-user
[2015-11-03 23:22:40] micmix : BitMEX_Sam: 7D liquidity dries up as well like yesterday when we had almost no ask side. You have to be very careful with that
[2015-11-03 23:23:02] BitMEX_Sam : Yes. We're still doing testing, what is on testnet is not yet final
[2015-11-03 23:23:07] BitMEX_Sam : We will update you guys once we have a final version
[2015-11-03 23:23:26] Murch : Mhm 7D has been sketchy imo
[2015-11-03 23:23:49] micmix : BitMEX_Sam: do you have orderbook history from yesterday? we don't store BitMEX books yet
[2015-11-03 23:23:56] kasman5 : 7D needs selling in to
[2015-11-03 23:24:13] BitMEX_Sam : micmix: Wally should be able to pull that for you when he gets up, when you see him, ask
[2015-11-03 23:24:25] micmix : BitMEX_Sam: ok, thanks
[2015-11-03 23:24:45] lockhedge : BitMEX_Sam: a <code>mid price</code> based on a certain depth is definitely the right way. <code>Impact Margin Notional</code> also makes sense, but it's very important that you only count highly competitive orders (with a very high probability to get filled) to prevent spoofing - is there a minimum order resting time? or do you count all orders that are in the book in the moment when you take the snap?
[2015-11-03 23:25:19] micmix : lockhedge: how fast can I poll your index? once per second from 2 servers ok?
[2015-11-03 23:27:16] lockhedge : micmix: it's currently behind a Cloudflare CDN, once per second is ok for us, but i may have to whitelist you at Cloudflare if you get any problems with their rate limits/firewall
[2015-11-03 23:37:03] babybaby : BTC going down now
[2015-11-03 23:38:08] MeeGee : sam you here?
[2015-11-03 23:38:21] MeeGee : BitMEX_Sam: ?
[2015-11-03 23:38:28] BitMEX_Sam : MeeGee: Yeah what's up
[2015-11-03 23:38:36] MeeGee : hi, it's Gman from tradeview
[2015-11-03 23:38:38] lockhedge : babybaby: you'll never know. it's still around 400...
[2015-11-03 23:38:54] MeeGee : a quick question about the platform/trading setup
[2015-11-03 23:38:54] BitMEX_Sam : Oh yeah, how's it going
[2015-11-03 23:39:02] MeeGee : not bad, a bit richer today :D
[2015-11-03 23:39:11] MeeGee : so there is the index
[2015-11-03 23:39:21] MeeGee : which is the price in the middle of the orderbook
[2015-11-03 23:39:31] MeeGee : and then there is the orderbook, usual bids asks
[2015-11-03 23:39:38] MeeGee : but my position is based on the index?
[2015-11-03 23:40:04] MeeGee : so at settlement my PL gets calculated form the index price?
[2015-11-03 23:40:24] MeeGee : but if I want to exit before it's from the price I buyy or sell at from another trader?
[2015-11-03 23:40:34] MeeGee : is that right?
[2015-11-03 23:40:51] BitMEX_Sam : Right, so very simply:
[2015-11-03 23:41:02] BitMEX_Sam : It behaves like a regular market - if you buy, then sell higher than you bought, you have profit, of course.
[2015-11-03 23:41:17] BitMEX_Sam : But for the purposes of liquidation and display of unrealised profit, we use the mark price, which is the grey price in the middle of the book.
[2015-11-03 23:41:42] BitMEX_Sam : That grey price is the index price plus an interest rate, and is supposed to reflect what the contract should be trading at.
[2015-11-03 23:42:00] BitMEX_Sam : This mechanism prevents whipsaw liquidations if a user decides to just run the book up and down and get everyone liquidated.
[2015-11-03 23:42:06] BitMEX_Sam : As well as margin call cascades.
[2015-11-03 23:42:28] BitMEX_Sam : It's the reason why we've been able to boast 0% socialized loss even though the market moved nearly $50 in an hour today
[2015-11-03 23:43:08] BitMEX_Sam : So the thing to watch is that the mark price can sometimes be lower or higher than the market is trading - in that case, just be careful with isolated margin because you could be liquidated earlier than you might think.
[2015-11-03 23:43:22] sleger : I think its a good mechanism but the other exchanges did not have socialized loss today either
[2015-11-03 23:43:24] BitMEX_Sam : We're working on a transparent mechanism that will move that price to be more in line with the market, without opening it up to manipulation.
[2015-11-03 23:43:51] BitMEX_Sam : Yes, but OKC has a much larger loss fund, higher liquidity, and less leverage
[2015-11-03 23:43:55] MeeGee : kk, I will have to let that settle in to get it completely, but the main question is answered - mark price is the settlement amount, and what my PL is calculated on, and if I want to exit earlier I have to take what's on offer
[2015-11-03 23:44:23] BitMEX_Sam : Right. But if you enter and exit before settlement, your PNL is simply calculated by the price you bought and sold at
[2015-11-03 23:44:34] BitMEX_Sam : mark price doesn't enter into it. It's only for determining when we trigger liquidations.
[2015-11-03 23:44:46] MeeGee : so, say, if I happen to be holding a good short here on weekly, and friday I hold til settlement I will get that index price
[2015-11-03 23:45:01] BitMEX_Sam : You'll get whatever the XBX index settles on, Friday at 12 UTC
[2015-11-03 23:45:06] BitMEX_Sam : https://tradeblock.com/markets/index/
[2015-11-03 23:45:08] MeeGee : ok
[2015-11-03 23:45:14] MeeGee : yeah I will read that more thoroughly cheers
[2015-11-03 23:45:41] MeeGee : but mark price is based on that index right?
[2015-11-03 23:45:43] BitMEX_Sam : Technically we actually do a 2H TWAP of the price on Friday for 7D
[2015-11-03 23:45:47] BitMEX_Sam : But the effect is the same.
[2015-11-03 23:45:49] wurstgelee : time for resuming moon journey =)
[2015-11-03 23:45:50] BitMEX_Sam : MeeGee: Yes
[2015-11-03 23:45:53] MeeGee : TWAP stands for?
[2015-11-03 23:46:00] MeeGee : average of something?
[2015-11-03 23:46:03] Murch : ups
[2015-11-03 23:46:18] Murch : Time Weighted Average Price?
[2015-11-03 23:46:22] MeeGee : yeah
[2015-11-03 23:46:26] MeeGee : makes sense ;)
[2015-11-03 23:46:36] MeeGee : learn by doing, not by reading :D
[2015-11-03 23:46:44] Murch : lol
[2015-11-03 23:46:44] MeeGee : (sometimes)
[2015-11-03 23:46:52] BitMEX_Sam : If you insist on learning by doing, you might want to try the Testnet
[2015-11-03 23:46:57] BitMEX_Sam : Could be an expensive mistake :)
[2015-11-03 23:47:10] MeeGee : nono, it's 1% of account
[2015-11-03 23:47:19] MeeGee : all good
[2015-11-03 23:47:23] BitMEX_Sam : :)
[2015-11-03 23:47:30] MeeGee : always learn better with the real deal
[2015-11-03 23:47:35] Murch : I also learned by doing.
[2015-11-03 23:47:45] Murch : It's a much faster learn that way too.
[2015-11-03 23:47:48] MeeGee : learned that okcoin stops can get ignored
[2015-11-03 23:47:55] MeeGee : hehe, okcoin
[2015-11-03 23:48:00] MeeGee : OK COIN
[2015-11-03 23:48:03] BitMEX_Sam : :)
[2015-11-03 23:48:13] BitMEX_Sam : We've had people think that here before. Two things about stops that you need to know:
[2015-11-03 23:48:23] BitMEX_Sam : 1. It's triggered based on the mark price, not last price, and
[2015-11-03 23:48:37] BitMEX_Sam : 2. Stop Limits need to have a limit price deeper than the stop price if you want to make sure it executes against the market.
[2015-11-03 23:48:38] MeeGee : yeah, I'm gonna play this differently until I get the hang of it, my margin call is my stop until I use larger position
[2015-11-03 23:48:59] Murch : I was doing that earlier but it wasn't working for me.
[2015-11-03 23:49:00] BitMEX_Sam : Otherwise your stop could execute, your order goes into the book, but the price has passed it by
[2015-11-03 23:49:13] Murch : Since you only get .5% movement leeway on your entire position.
[2015-11-03 23:49:24] Murch : Not to mention the huge premium there is at times.
[2015-11-03 23:49:26] MeeGee : yeah, using non isolated margin
[2015-11-03 23:49:26] babybaby : BitMEX_Sam: i cannot close my position and take profit
[2015-11-03 23:49:42] BitMEX_Sam : babybaby: What's the error?
[2015-11-03 23:49:50] babybaby : BitMEX_Sam: iclose market doesnt work
[2015-11-03 23:50:02] MeeGee : anyways, cheers, gl
[2015-11-03 23:50:03] BitMEX_Sam : Try entering a limit order for the opposite of your position
[2015-11-03 23:50:05] babybaby : BitMEX_Sam: says i dont have enough funds
[2015-11-03 23:50:08] BitMEX_Sam : Say, if you are long 1000, sell 1000
[2015-11-03 23:50:15] Murch : you too
[2015-11-03 23:50:20] BitMEX_Sam : We are doing some overhauls on the market orders very shortly that will prevent overzealous risk checks like this one
[2015-11-03 23:50:22] babybaby : BitMEX_Sam: i cant it says insufficent funds
[2015-11-03 23:50:32] BitMEX_Sam : Hold on let me check your account.
[2015-11-03 23:50:54] babybaby : BitMEX_Sam: ok, i have no idea how to take profit
[2015-11-03 23:51:03] babybaby : close market wont work
[2015-11-03 23:51:14] Murch : Never use close market lol
[2015-11-03 23:51:30] babybaby : well nothign works to take profit of this :P
[2015-11-03 23:51:36] Murch : If your position is long, then you close it by selling.
[2015-11-03 23:51:49] Murch : And vice versa if you're short
[2015-11-03 23:51:52] babybaby : im short and i cannot buy back coz i have less money left than are invested
[2015-11-03 23:52:01] babybaby : i put 0.03 to short and i have just 0.01 left
[2015-11-03 23:52:11] Murch : On the daily?
[2015-11-03 23:52:17] BitMEX_Sam : Usually exiting a position does not cost anything.
[2015-11-03 23:52:34] Murch : You have to close the other orders your have open.
[2015-11-03 23:52:37] babybaby : BitMEX_Sam: can u just check my account? :) i ve no idea how to exit this
[2015-11-03 23:52:54] Murch : Go to your orders and close the ones that you don't want
[2015-11-03 23:53:01] Murch : Then you can close your position with a limit order.
[2015-11-03 23:53:03] babybaby : theres none
[2015-11-03 23:53:16] Murch : What's the liquidation price?
[2015-11-03 23:53:25] babybaby : i have positions [1]
[2015-11-03 23:53:28] babybaby : nothign in active
[2015-11-03 23:53:41] babybaby : and order history says cancelled
[2015-11-03 23:53:56] Murch : Okay what does it say for Liq Price on your open position?
[2015-11-03 23:54:14] babybaby : Murch: http://i.imgur.com/sP6keed.png i dont know wheres the liq price
[2015-11-03 23:54:25] babybaby : 412.91
[2015-11-03 23:54:34] babybaby : i entered with 500 contracts
[2015-11-03 23:54:53] wurstgelee : if youre long, dont sell
[2015-11-03 23:54:58] Murch : That's your problem
[2015-11-03 23:54:58] babybaby : im short
[2015-11-03 23:55:04] sleger : i cant enter an order anymore
[2015-11-03 23:55:05] Murch : You can't close above your liquidation price
[2015-11-03 23:55:10] wurstgelee : only my personal opinion pfc
[2015-11-03 23:55:15] babybaby : Murch: so hat to do?
[2015-11-03 23:55:17] wurstgelee : oh, youre fucked then
[2015-11-03 23:55:19] wurstgelee : sorry :/
[2015-11-03 23:55:20] babybaby : im on profit now
[2015-11-03 23:55:23] Murch : Sorry man you
[2015-11-03 23:55:24] babybaby : i want to take profit
[2015-11-03 23:55:28] Murch : you're screwed
[2015-11-03 23:55:29] wurstgelee : only regarding mark price
[2015-11-03 23:55:33] babybaby : lol really?
[2015-11-03 23:55:35] Murch : You're in profit in regards to the mark price.
[2015-11-03 23:55:36] wurstgelee : yep
[2015-11-03 23:55:43] Murch : Not in regards to what's in the order book.
[2015-11-03 23:55:44] babybaby : so im on profit but actually im on loss?
[2015-11-03 23:55:45] sleger : oh it went through after 30sec
[2015-11-03 23:55:53] Murch : You'll only get that profit after the daily settlement.
[2015-11-03 23:55:59] Murch : In 12 hours.
[2015-11-03 23:56:09] babybaby : Murch: so this order has to stay live for 12 hours?!
[2015-11-03 23:56:18] wurstgelee : you need orders to sell or buy before settlement
[2015-11-03 23:56:19] Murch : pretty much.. :(
[2015-11-03 23:56:29] wurstgelee : sory, were going up
[2015-11-03 23:56:33] wurstgelee : *sorry
[2015-11-03 23:56:34] BitMEX_Sam : hang on
[2015-11-03 23:56:36] babybaby : Murch: when i went short last time i could cancel it right away. why so?
[2015-11-03 23:56:50] babybaby : this doesnt make sense, im on profit and cant take it meh
[2015-11-03 23:56:52] BitMEX_Sam : babybaby: The issue is that the market isn't buying at a price that you would be profitable at
[2015-11-03 23:56:57] Murch : babybaby: there were probably orders available for you to close on.
[2015-11-03 23:57:07] BitMEX_Sam : You're seeing unrealised profit, but that is based on the mark price which is 410
[2015-11-03 23:57:14] babybaby : ohh ok
[2015-11-03 23:57:18] BitMEX_Sam : the market is not selling at 410
[2015-11-03 23:57:28] BitMEX_Sam : You would have to buy at 421 which would be very unprofitable for you
[2015-11-03 23:57:50] babybaby : so i just have to wait and see yes?
[2015-11-03 23:58:02] Murch : Is your position still open? o_O
[2015-11-03 23:58:24] Murch : Oh nvm, 413 you said?
[2015-11-03 23:58:45] Murch : That's why 100x margin is dangerous though.
[2015-11-03 23:59:01] Murch : One wrong market bump and you're shit outta luck
[2015-11-03 23:59:02] BitMEX_Sam : Yes, I would not recommend going full 100x in this volatility
[2015-11-03 23:59:22] Murch : Wise words hahaha
[2015-11-03 23:59:57] babybaby : still open
[2015-11-03 23:59:59] babybaby : :)
[2015-11-04 00:00:11] babybaby : oi guys we have to dump BTC to make up for my nonclosable position
[2015-11-04 00:00:16] wurstgelee : not for long...412 u said?
[2015-11-04 00:00:37] Murch : Alright, everybody... puuuush
[2015-11-04 00:00:46] wurstgelee : hehe
[2015-11-04 00:00:48] BitMEX_Sam : basis is absolutely insane right now
[2015-11-04 00:00:53] BitMEX_Sam : daily $18 above spot
[2015-11-04 00:00:59] BitMEX_Sam : That's a heck of a premium to pay.
[2015-11-04 00:01:13] Murch : Yeah isolate margin is not workable at all in these conditions.
[2015-11-04 00:01:22] BitMEX_Sam : Yeah, it's tough.
[2015-11-04 00:01:27] Murch : Unless you're shorting small amounts or something.
[2015-11-04 00:01:28] wurstgelee : i just msold some with -23% regarding mark price but made >100% profit
[2015-11-04 00:01:31] wurstgelee : just saying....
[2015-11-04 00:01:33] wurstgelee : ;)
[2015-11-04 00:01:41] babybaby : poor baby lost mooniez almost
[2015-11-04 00:01:58] Murch : Yeah it's fine with cross margin but impossible with isolated
[2015-11-04 00:02:08] wurstgelee : yep
[2015-11-04 00:02:27] wurstgelee : open cross, then isolate does work tho
[2015-11-04 00:02:30] BitMEX_Sam : yeah
[2015-11-04 00:02:32] Murch : True
[2015-11-04 00:02:34] BitMEX_Sam : that will refill the position
[2015-11-04 00:02:40] BitMEX_Sam : then you can add more margin after the fact
[2015-11-04 00:02:51] Murch : Fuck isolate though I'd rather just sit here and watch it
[2015-11-04 00:02:52] wurstgelee : i do this with this crazy volatility
[2015-11-04 00:02:59] wurstgelee : otherwise i gets expensive fast
[2015-11-04 00:03:27] wurstgelee : *it ofc
[2015-11-04 00:04:34] Murch : I chopped myself to bits in this pennant.
[2015-11-04 00:04:52] wurstgelee : how did that happen?
[2015-11-04 00:05:13] Murch : Panicking on this weird book
[2015-11-04 00:05:13] SnackyCoins : heh i did too actually
[2015-11-04 00:05:20] SnackyCoins : down ~2btc
[2015-11-04 00:05:25] Murch : The premium keeps shifting
[2015-11-04 00:05:29] Murch : damn D:
[2015-11-04 00:05:47] wurstgelee : fuck the premium. china and finex are all that counts ;)
[2015-11-04 00:06:16] SnackyCoins : going long a 35$ premium on a daily contract is hard ;)
[2015-11-04 00:06:32] sleger : +1
[2015-11-04 00:06:35] wurstgelee : yep. it doesnt feel right somehow
[2015-11-04 00:06:39] wurstgelee : ;)
[2015-11-04 00:07:01] BitMEX_Sam : hahaha
[2015-11-04 00:07:55] wurstgelee : simply ignoring the fair price helps tho
[2015-11-04 00:08:15] wurstgelee : orders here move according to china and finex
[2015-11-04 00:08:29] wurstgelee : so it doesnt really matter as long as you have margin
[2015-11-04 00:10:50] babybaby : what bitcoin hedging?
[2015-11-04 00:11:43] BitMEX_Sam : FYI Yubikeys are now available for two-factor authentication, if you have one
[2015-11-04 00:12:06] wurstgelee : twf when your position is @ -63.3% after opening it
[2015-11-04 00:12:22] Murch : Every tim
[2015-11-04 00:12:48] wurstgelee : but you have a decent profit once this turns from red to green ;)
[2015-11-04 00:12:55] Murch : Deliver me to libertarian heaven, China
[2015-11-04 00:13:53] singularity321 : ^ ahahaha
[2015-11-04 00:14:47] wurstgelee : who is selling now..and why? ;)
[2015-11-04 00:15:35] Satoshi : still half boner
[2015-11-04 00:15:36] Murch : Price is goin up, on a Tuesday
[2015-11-04 00:16:20] Murch : After a reload too
[2015-11-04 00:16:51] Murch : The first time past 400 was really sketch, but it seems stronger this time.
[2015-11-04 00:17:24] wurstgelee : yes
[2015-11-04 00:17:30] Satoshi : yes this time full strong boner soon
[2015-11-04 00:18:35] singularity321 : forwards not backwards, upwards not forwards and always twirling, twirling, twirling to success
[2015-11-04 00:18:59] BitMEX_Sam : :+1: would read again
[2015-11-04 00:21:52] Murch : As long as I can double my account for the next 10-15 days in a row, I think I can retire :D
[2015-11-04 00:22:35] Swedishnut : yeah my goal is 121 btc
[2015-11-04 00:23:06] Swedishnut : not without some tough learning along the way but climbing there slowly
[2015-11-04 00:23:55] Murch : It would be a win win win if that coincides with another meteoric price rise.
[2015-11-04 00:24:16] wurstgelee : why 121?
[2015-11-04 00:25:41] Swedishnut : well if I can create more I will but it is a "sound" number in my mind
[2015-11-04 00:25:55] podizzler3000 : when are the new features gonna roll out?
[2015-11-04 00:25:58] wurstgelee : hehe
[2015-11-04 00:26:20] wurstgelee : small correction please
[2015-11-04 00:26:22] wurstgelee : thanks
[2015-11-04 00:26:48] Swedishnut : this roller coaster though has me queezy
[2015-11-04 00:28:08] Murch : Yeah probably cause it's facing vertically upward and hasn't actually come down yet.
[2015-11-04 00:29:16] Murch : #btfd
[2015-11-04 00:29:47] wurstgelee : there it is
[2015-11-04 00:29:50] wurstgelee : :D
[2015-11-04 00:33:29] micmix : lockhedge, are you there?
[2015-11-04 00:35:22] AudibleScience : BitMEX_Sam: I have a weird lag at the moment... not sure if it's my PC or is it the site?
[2015-11-04 00:35:38] mwalshe99 : AudibleScience: try restarting your browser
[2015-11-04 00:36:45] SnackyCoins : refreshing the page has fixed nearly every problem i've had here
[2015-11-04 00:37:46] limsta08 : Hi, I don't see my deposit getting credited, could you check?
[2015-11-04 00:37:50] limsta08 : 3BMEXhry9uoPjfUCHsbdaMUgaDs9pk2TCb
[2015-11-04 00:40:06] limsta08 : I see it now...after refreshing. thanks
[2015-11-04 00:40:54] Swedishnut : huobi is cranking the arm of btc-e and coinbase etc... everyone following them yet again
[2015-11-04 00:44:42] Murch : Where da volume at hoobi?