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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[2017-01-04 22:57:10] freefall : are they?
[2017-01-04 22:57:17] REKT : Liquidated short on `XBTUSD`: buy 960 @ 1133.96
[2017-01-04 22:57:20] freefall : coinbase was down too couple of minutes ago
[2017-01-04 22:57:34] REKT : Liquidated short on `XBTH17`: buy 50 @ 1270.45
[2017-01-04 22:57:35] MikeHunt : freefall: https://twitter.com/CryptOrca/status/816774150610096128
[2017-01-04 22:57:43] MikeHunt : if they have cloudflare they'll be fine
[2017-01-04 22:57:43] freefall : MikeHunt: thx
[2017-01-04 22:57:54] wignodeer : hi guys. my entry price is 1145.8 at 10x leverage. why is my unrealized pnl at minus 9% then? anyone?
[2017-01-04 22:58:01] REKT : Liquidated short on `XBTH17`: buy 4000 @ 1275.49
[2017-01-04 22:58:02] REKT : Liquidated short on `XBTH17`: buy 1500 @ 1273.33
[2017-01-04 22:58:15] Mm bot : DDOS attack on Okcoin domain name
[2017-01-04 22:58:16] freefall : wignodeer: its the mark price
[2017-01-04 22:58:21] aethlios : okcoin march spread wide 3 usd,
[2017-01-04 22:58:33] MikeHunt : okcoin will catch up
[2017-01-04 22:58:35] freefall : wignodeer: u ll be positive if u close now
[2017-01-04 22:58:42] MikeHunt : small botnets trying to short bitcoin, not gonna work imo
[2017-01-04 22:59:01] MikeHunt : unless they are testing them for dump time
[2017-01-04 22:59:03] MikeHunt : who knows...
[2017-01-04 22:59:03] freefall : anyone of u guys mining coins?
[2017-01-04 22:59:05] wignodeer : freefall: sorry I don't understand. can you explain a bit more?
[2017-01-04 22:59:14] dodic : freefall: yep
[2017-01-04 22:59:25] alejandromasari : who's shorting 1160?
[2017-01-04 22:59:28] gustavo7 : wignodeer: was long 1145 too, closed at 1155 - worked nice got 1% profit
[2017-01-04 22:59:39] alejandromasari : short short short lol
[2017-01-04 22:59:48] freefall : wignodeer: the mark price is not the market price. if u close ur position now, ull get the market price
[2017-01-04 23:00:25] freefall : wignodeer: so right now u r in profit
[2017-01-04 23:00:45] Adriana : Is anyone here from Bitmex?
[2017-01-04 23:01:02] jung1 : 10k tonight?
[2017-01-04 23:01:03] freefall : Adriana: u mean admins?
[2017-01-04 23:01:14] jung1 : WE ARE BITMEX
[2017-01-04 23:01:24] BTCDJS : Adriana: SAM GREG AND WALLY are
[2017-01-04 23:01:37] jung1 : @sam_bitmex
[2017-01-04 23:02:05] BTCDJS : wally!!!!
[2017-01-04 23:02:10] BTCDJS : Sam!!!!
[2017-01-04 23:02:16] BTCDJS : Greg!!!!!
[2017-01-04 23:02:25] Adriana : @sam_bitmex could please look at my last liquidation
[2017-01-04 23:02:26] MikeHunt : where's wally?
[2017-01-04 23:02:28] BitMEX_Wally : Try @BitMEX_Sam
[2017-01-04 23:02:35] BitMEX_Wally : Or @BitMEX_Wally
[2017-01-04 23:02:37] wignodeer : freefall: is there any indicator to find out how much i will be at profit?
[2017-01-04 23:02:38] imabeast : if u short you are about to lose a lot of money
[2017-01-04 23:02:39] imabeast : please do
[2017-01-04 23:02:54] Gr33d : +
[2017-01-04 23:02:55] moo : if you had one short
[2017-01-04 23:02:57] moo : one opportunity
[2017-01-04 23:02:59] BTCDJS : Adriana: aren't you sleger?
[2017-01-04 23:03:02] freefall : wignodeer: use a calculator ;) entrance - market = profit
[2017-01-04 23:03:04] moo : whould u do it?
[2017-01-04 23:03:06] PARAFFIN : moo: epic
[2017-01-04 23:03:10] sleger : BTCDJS: no she's not
[2017-01-04 23:03:14] freefall : moo: :D:D:D
[2017-01-04 23:03:20] Adriana : I am not
[2017-01-04 23:03:23] wurstgelee : i welcome all new shorters at bitmex tho. may your short stay be enjoyable. i need your margin! ;)
[2017-01-04 23:03:41] Gr33d : time to short ngl
[2017-01-04 23:03:43] BTCDJS : you both used the same accent so I don't believe you
[2017-01-04 23:04:05] freefall : how can u guys be short in these times?:D:D.
[2017-01-04 23:04:18] paniktrade : freefall: they dont like money
[2017-01-04 23:04:26] wurstgelee : BTCDJS: its his bot ;)
[2017-01-04 23:04:27] Milkman : 8620 cny here we go again
[2017-01-04 23:04:28] freefall : paniktrade: yes probably :D
[2017-01-04 23:04:29] jung1 : 8600 huobubobu
[2017-01-04 23:04:34] wignodeer : freefall: I see. thank you. so the unrealised pnl compares my mark price vs the current kaiko price? My mark price was 1137.4. My entry price was 1145.8 My unrealised pnl is now minus 7%
[2017-01-04 23:04:38] BitMEX_Wally : Adriana: If you have a question regarding a liquidation, please reply to the Liquidation Notification email
[2017-01-04 23:05:04] freefall : wignodeer: are u short?
[2017-01-04 23:05:37] freefall : wignodeer: forget about mark price and kaiko
[2017-01-04 23:06:01] freefall : wignodeer: just see the DOM and read the price, thats it
[2017-01-04 23:06:37] Adriana : BitMEX_Wally: ok, i will. my short got liquidated somehow, the entry price was 1160
[2017-01-04 23:06:39] Milkman : how are people still longing swap
[2017-01-04 23:06:42] Milkman : sounds like a horrible idea
[2017-01-04 23:06:52] freefall : wignodeer: ur profit is aproximatly 23$ per BTC
[2017-01-04 23:07:03] dmasters : Wally - are you planning to increase margins?
[2017-01-04 23:07:23] j8 : BitMEX_Wally: swap is getting worse, not better
[2017-01-04 23:07:32] BTCDJS : Milkman: Its the crazy ones who change the world
[2017-01-04 23:07:43] MikeHunt : BTCDJS: +1
[2017-01-04 23:07:59] Milkman : honestly i rather have just kept my 1155 long on xbth17 now
[2017-01-04 23:08:12] freefall : Milkman: :D:D:
[2017-01-04 23:08:16] Milkman : should have known better it'd be impssonle to get back in
[2017-01-04 23:08:29] Milkman : $25 from bitfinex ATH
[2017-01-04 23:08:40] wignodeer : freefall: sorry again, whats DOM now?
[2017-01-04 23:08:50] moo : He is nervous, but on the surface he looks calm and ready, to short 100x, but he keeps forgetting, that the trend is up, the whole china goes so loud, he opens his short but the price wont come down, he is choking, how? Everybody closing shorts now, the sell walls run out, liquidation price is up, over - blaow!
[2017-01-04 23:08:53] BTCDJS : I wish I never set a 35$ trail stop when I went long @860
[2017-01-04 23:08:56] freefall : wignodeer: depth of market, the thing displaying the prices
[2017-01-04 23:09:06] Gr33d : moo: +Nice.
[2017-01-04 23:09:13] Milkman : i longed at 829 the new quarterly. should have just left that o_O
[2017-01-04 23:09:15] wignodeer : freefall: ok. I'm long, not short
[2017-01-04 23:09:20] BTCDJS : I went out that night and thought Id better be on the safe side
[2017-01-04 23:09:30] wignodeer : freefall: got it now I think. thanks man
[2017-01-04 23:09:49] freefall : moo: ur
[2017-01-04 23:09:52] freefall : moo: ur
[2017-01-04 23:10:26] freefall : moo: ur
[2017-01-04 23:10:46] freefall : moo: ur
[2017-01-04 23:11:01] aethlios : MM left the ask side, only bids, must be overloaded shorts.
[2017-01-04 23:11:06] aethlios : on march
[2017-01-04 23:11:13] moo : 100x here
[2017-01-04 23:11:15] moo : yolo solo
[2017-01-04 23:11:28] l3f : aethlios: are you buying back in?
[2017-01-04 23:11:38] Headroom : do we have live datas in testnet mode ? or the test mode is fully simulated ? (trade + datas)
[2017-01-04 23:11:43] zanza : this is why Bitmex should not cap their funding lol
[2017-01-04 23:11:47] aethlios : l3f: are you crazy??
[2017-01-04 23:11:55] l3f : aethlios: this is the beginning
[2017-01-04 23:12:03] l3f : this will go on for at least a week
[2017-01-04 23:12:18] moo : the begging was dec 22 or so
[2017-01-04 23:12:25] MikeHunt : XMR meant to be going up with btc?
[2017-01-04 23:12:49] moo : Snap! Back to reality, oops there goes gravity
[2017-01-04 23:12:51] Milkman : XMR could hit billion dollar market cap i bet
[2017-01-04 23:12:52] freefall : wignodeer: sry, computer bugging. DOM is depth of market, the thing displaying the prices
[2017-01-04 23:13:08] BTCDJS : MikeHunt: a few alts are going up
[2017-01-04 23:13:17] moo : 100x'd 1161
[2017-01-04 23:13:21] moo : i will close it at 100$
[2017-01-04 23:13:23] BTCDJS : ETH ETC DASH
[2017-01-04 23:13:30] BTCDJS : XMR
[2017-01-04 23:13:36] wignodeer : freefall: yep got it. thanks for the knowledge breh
[2017-01-04 23:13:37] aethlios : l3f: I don't care to go long in a higher price if this is a bottom and TA shows a new bull will start. took my profits and wait.
[2017-01-04 23:13:43] REKT : Liquidated long on `XBTH17`: sell 10731 @ 1260.83
[2017-01-04 23:13:48] wignodeer : freefall: you answered all of my questions
[2017-01-04 23:13:48] freefall : wignodeer: np ;)
[2017-01-04 23:13:50] l3f : aethlios: haha ok
[2017-01-04 23:14:45] MikeHunt : aethlios: only 45 mins now
[2017-01-04 23:15:46] MikeHunt : XMR is safe bet imo as its still got a long way to go up even if btc crashes
[2017-01-04 23:16:14] Milkman : up 15% today. good job everyone.
[2017-01-04 23:16:26] Milkman : someone on bitfinex taking profit
[2017-01-04 23:16:40] Milkman : stamp too
[2017-01-04 23:16:42] freefall : Milkman: or maybe arbitrage?
[2017-01-04 23:16:43] Milkman : the n00bs are back
[2017-01-04 23:16:54] aethlios : MikeHunt: I will try to catch cheap ltc around 3.20 when btc dumps. I am sure pump groups will pump it when btc above 1,500.
[2017-01-04 23:16:55] Milkman : market dumping to get out. the only way they know how
[2017-01-04 23:17:15] Milkman : LTC/BTC ratio new low.
[2017-01-04 23:17:32] MikeHunt : aethlios: +1
[2017-01-04 23:18:24] aethlios : ltc the only un pumped major coin now, ltcusd pair i am watching. going long ltcbtc means you are short btc, so could not make money. but in btcusd you can make money since you are short usd
[2017-01-04 23:18:44] moo : ltc is abandoned garbage
[2017-01-04 23:18:53] moo : probably controled by 1 chinese farm
[2017-01-04 23:19:03] XBT_IHCT : BitMEX_Wally: there is something weird going on with the ROE% on the swap.
[2017-01-04 23:19:43] Papou : its showing u mark price on roe and pnl
[2017-01-04 23:19:50] Papou : not actual contract prices
[2017-01-04 23:19:54] MikeHunt : XBT_IHCT: if it comes back up and im long do i get anything or loose anything?
[2017-01-04 23:19:59] Papou : ur realized pnl is from settlement prices, not mark prices
[2017-01-04 23:20:02] aethlios : moo: whales accumulate coins from miners, if it is abandomed they will pump it to exit the scam, so either way beting on a pump is high odds.
[2017-01-04 23:20:10] zanza : swap never settles
[2017-01-04 23:20:21] freefall : MikeHunt: u loose when market is going down
[2017-01-04 23:20:33] MikeHunt : freefall: i mean the purple line thing
[2017-01-04 23:20:46] MikeHunt : freefall: doesnt always follow contract prices imo
[2017-01-04 23:20:55] MikeHunt : so im asking if that has any real effect
[2017-01-04 23:21:00] freefall : MikeHunt: well i guess thats the Mar31 contract ;)
[2017-01-04 23:21:20] MikeHunt : freefall: on swap the purple line is bellow contract price
[2017-01-04 23:21:39] moo : aethlios: when was the last tiem ltc was properly pumped? i think all the whales did exit it for good value
[2017-01-04 23:21:44] freefall : MikeHunt: okay, then im stupid :D dont know, that it is
[2017-01-04 23:22:51] freefall : guys whats the pruple line in the chart?
[2017-01-04 23:23:06] BitMEX_Greg : freefall: That is the Index Price
[2017-01-04 23:23:19] aethlios : was 2 to 55 after btc rallied 120 to 1200, so if btc rallies 1200 to 10000, it can get pumped 4 to 100. With the money whales sold to 10,000 btc will use to pump ltc, but already control major %, so little cost for them. will sell to noobs to 50 usd coins bought to 4
[2017-01-04 23:23:21] freefall : BitMEX_Greg: index = mark?
[2017-01-04 23:23:24] jonny : xbch17 contract size $1 why not 1CNY
[2017-01-04 23:23:37] BitMEX_Greg : freefall: No, the mark price is based off the Index but may be different
[2017-01-04 23:23:50] freefall : BitMEX_Greg: thanks greg ;)
[2017-01-04 23:24:00] aethlios : because when btc 7,000 noobs will think cheap ltc to 50
[2017-01-04 23:24:40] XBT_IHCT : BitMEX_Greg: my entry is 1062.01, the mark price is at 1135.17 but my ROE is only 143.16% can you explain please I don't understand how that is possible. thank you.
[2017-01-04 23:24:59] Adriana : BitMEX_Greg: How did I get liquidated at 1160 entry price? 30$ away from the mark price?
[2017-01-04 23:25:11] Papou : what was ur initial collateral
[2017-01-04 23:25:23] Papou : u should be up 143.16% of ur initial collateral
[2017-01-04 23:25:44] johndoe : jonny: xbch17 contract size is 10 CNY, not $1
[2017-01-04 23:25:44] freefall : why are people caring about the fuckng mark price? care about the DOM :D
[2017-01-04 23:26:09] javierstone : there's a $100 spread between US and CHina exchanges right now thats crazy
[2017-01-04 23:26:34] freefall : javierstone: ur trading on both?
[2017-01-04 23:26:34] Noob : coinbase bumped to $1140
[2017-01-04 23:26:58] BitMEX_Greg : Adriana: liquidations are done on mark price, not last price
[2017-01-04 23:27:04] BitMEX_Greg : Adriana: please see the email sent to you
[2017-01-04 23:27:22] BitMEX_Greg : XBT_IHCT: I don't know what leverage you are using
[2017-01-04 23:28:58] wignodeer : freefall: whats the site fee in case of no market buy or market sell with 10x leverage long?
[2017-01-04 23:29:13] miau : BitMEX_Greg: mark price is a scam
[2017-01-04 23:29:41] Noob : mark price can get ya in a lot of trouble right now
[2017-01-04 23:29:46] freefall : wignodeer: dont know what u mean ;) recommend to see the fee section ;)
[2017-01-04 23:30:01] Milkman : mark price on xbth17 is moving like a madman
[2017-01-04 23:30:12] Milkman : gotta stick with very low leverage right now
[2017-01-04 23:30:20] freefall : wignodeer: or just see "account" and "trading" for information about payed fees
[2017-01-04 23:30:58] freefall : wignodeer: I mean trading history, sorry
[2017-01-04 23:32:48] XBT_IHCT : BitMEX_Greg: I moved the slider around and now it says my ROE is 600.57% but don't worry about it, I think I can work out what was going on there now
[2017-01-04 23:32:48] wignodeer : freefall: ok i see
[2017-01-04 23:33:13] jung1 : how low we will go?
[2017-01-04 23:33:15] Milkman : DOGE is dumping. almost a good buy
[2017-01-04 23:33:40] freefall : jung1: not below 1000 ;)
[2017-01-04 23:33:41] MikeHunt : Milkman: isnt it like 2 e-7 value now?
[2017-01-04 23:33:48] Milkman : 20 sat
[2017-01-04 23:34:17] BitMEX_Greg : miau: Not sure what you mean
[2017-01-04 23:34:17] Milkman : looks toppy for btc
[2017-01-04 23:34:38] Milkman : xbth17 go back up to 1290 so i can short
[2017-01-04 23:34:50] BitMEX_Greg : XBT_IHCT: ROE is dependent on leverage, so the higher the leverage the lower your margin and hence the higher your ROE
[2017-01-04 23:35:03] Milkman : $136 premium cant last in a 5%-10% dump
[2017-01-04 23:35:33] freefall : Milkman: just arbitrage and enjoy ;=)
[2017-01-04 23:35:44] miau : BitMEX_Greg: I was TOTALLY liquidatd in base of the mark price , my position didn t close at market price
[2017-01-04 23:36:19] BitMEX_Greg : miau: Please take a read of https://www.bitmex.com/app/liquidation and https://www.bitmex.com/app/fairPriceMarking, cheers
[2017-01-04 23:36:42] freefall : someone over-leveraged :D
[2017-01-04 23:37:41] zanza : the quarterly premium isn't that high really
[2017-01-04 23:37:47] zanza : only about 40% annualized
[2017-01-04 23:38:04] freefall : ur kidding? think thats a lot for risk-free money
[2017-01-04 23:38:24] j8 : 53% by my calcs
[2017-01-04 23:39:19] BitMEX_Greg : freefall: Nothing is risk free unfortunately
[2017-01-04 23:39:41] freefall : BitMEX_Greg: as long as bitmex is not getting hacked, im glad ;=)
[2017-01-04 23:39:49] freefall : and consider it as risk free :D
[2017-01-04 23:40:09] Dynamix : long btc with 5x till 2000 lol
[2017-01-04 23:40:21] BitMEX_Greg : haha I appreciate it, but yeah just keep in mind nothing is risk free
[2017-01-04 23:40:46] dannybreal : cmon chinese, spend every yuan u got
[2017-01-04 23:40:51] freefall : BitMEX_Greg: okay :D sounds like u know more than me :D your scarying a costumer :D
[2017-01-04 23:41:08] Noob : lol
[2017-01-04 23:41:24] Alls : Yuan pumping
[2017-01-04 23:41:36] BitMEX_Greg : freefall: lol nah, you know our security practices so you should feel safe. But I am sure there were a number of traders who thought Bitfinex was risk free
[2017-01-04 23:41:45] dannybreal : yup, just this moring we had a flash crash of 40$ everything was looking rosy and suddenly poof 50% of my hildings margin called, everything can happen :D
[2017-01-04 23:41:50] MrRGnome : BitMEX_Greg: Any more talk of limiting leverage/upping funding cap?
[2017-01-04 23:41:58] j8 : BitMEX_Greg: don't compare yourself to them :)
[2017-01-04 23:42:07] freefall : BitMEX_Greg: haha okay, now i got it ;)
[2017-01-04 23:42:30] BitMEX_Greg : MrRGnome: Still in discussion. We don't want to change anything too drastic if it is going to correct within a few days
[2017-01-04 23:42:53] j8 : a few days, jesus
[2017-01-04 23:42:55] freefall : dannybreal: ur arbitrageur?:D
[2017-01-04 23:43:19] MrRGnome : BitMEX_Greg: I appreciate you said days, lets us know how long you're willing to tolerate the price disparity between orderbook and mark
[2017-01-04 23:43:30] dannybreal : seems so
[2017-01-04 23:44:07] MikeHunt : china's banking system means more loans until collapse
[2017-01-04 23:44:11] MikeHunt : they have no choice
[2017-01-04 23:44:20] dannybreal : yay party keeps going
[2017-01-04 23:44:32] MikeHunt : 80000 = target
[2017-01-04 23:44:35] j8 : i'm shocked that you guys think more than 2% premium over mark is acceptable for a few days
[2017-01-04 23:44:56] BitMEX_Sam : The reality is that any material change to XBTUSD, even increasing IM%, requires a process of ahead-of-time notification and consideration for existing positions that will be affected. We can't and shouldn't make rash changes to an in-progress product, so we are watching and considering alternatives that will bring the price in line.
[2017-01-04 23:44:59] BitMEX_Greg : We don't, that is why we are still discussing
[2017-01-04 23:45:03] freefall : deleverage and u wont have any trouble
[2017-01-04 23:45:34] trestres : me too I think that it is URGENT to unlock the cap
[2017-01-04 23:46:02] j8 : i mean, it should have been left at 50x after the last time this happened. since you can't make drastic changes without notice
[2017-01-04 23:46:23] j8 : and you can't predict future volatility / rates
[2017-01-04 23:46:36] MrRGnome : BitMEX_Sam: I think the customers would appreciate if there was a clear protocol for when you would change the contract, i.e. specific conditions would be met. Leaves it less to us guessing what your gut feeling is.
[2017-01-04 23:46:42] aethlios : BitMEX_Sam: my opinion let it as it is, traders now the rules now, but after this pump settles think a new rule to lower leverage in case for example premium stays above 1% for 6 funding periods (for example).
[2017-01-04 23:47:33] Milkman : ath for xbth17 contracts with ath premium. this wont end well
[2017-01-04 23:47:38] aethlios : so create a rule to change the funding cup based on market conditions.
[2017-01-04 23:48:18] Milkman : 8520 cny 0kcoin
[2017-01-04 23:48:20] BitMEX_Sam : Funding cap depends on IM - MM; if it's greater than MM positions can be liquidated instantly; some care is absolutely needed
[2017-01-04 23:48:27] BTCDJS : Adriana: Were you short? was the premium 30$?
[2017-01-04 23:48:30] BitMEX_Sam : I agree that a rules-based approach would be best
[2017-01-04 23:48:31] aethlios : but don't change during the pump because many will get upset (bad marketing)
[2017-01-04 23:48:40] BTCDJS : Did you make or lose money?
[2017-01-04 23:49:02] BTCDJS : Adriana:
[2017-01-04 23:49:14] freefall : BitMEX_Sam: what is IM and MM?
[2017-01-04 23:49:50] MrRGnome : aethlios: people will be upset either way, it's an impossible position to please everyone
[2017-01-04 23:50:32] aethlios : MrRGnome: not true because in a flat market you can change the rules with a week ahead notice.
[2017-01-04 23:50:40] Adriana : BTCDJS: I accidentally shorted XBTH17, instead of swap
[2017-01-04 23:50:50] BTCDJS : Adriana: ah
[2017-01-04 23:50:52] Adriana : was my fault
[2017-01-04 23:51:05] j8 : BitMEX_Sam: would be great if you guys could announce something soon, even if it doesn't take effect for a few days. it's hard to trade with the uncertainty
[2017-01-04 23:51:11] freefall : Adriana: dont worry, u gonna profit when the gap is closing
[2017-01-04 23:51:12] BTCDJS : you would've made money getting liquidated on swap
[2017-01-04 23:51:18] BTCDJS : Never tried it
[2017-01-04 23:51:26] BTCDJS : so I was told today
[2017-01-04 23:51:42] MrRGnome : aethlios: What does that have to do with the fact that some percent of the userbase will be upset if the premium is allowed to stand without corrective action for any period of days?
[2017-01-04 23:51:57] freefall : MrRGnome: 100% agree
[2017-01-04 23:52:17] MrRGnome : I'm just saying, it's a tough spot for bitmex to find themselves in
[2017-01-04 23:52:35] MrRGnome : No answer will please everyone
[2017-01-04 23:52:56] micmix : the simple fact is that 100x is too much for this volatility
[2017-01-04 23:53:06] kekkyojin_irc : +1
[2017-01-04 23:53:16] j8 : absolutely, and you only get 100x if you're trading with less than 2 btc anyway
[2017-01-04 23:53:19] freefall : micmix: so just dont trade with 100X leverage
[2017-01-04 23:53:30] aethlios : if you change now the funding cap to 1.125% every 8 hours you favor shorts and kill bulls. in a flat market with 0% average funding noone is bailed out.
[2017-01-04 23:53:30] freefall : micmix: dont get why are people doing so
[2017-01-04 23:53:49] Adriana : freefall: Made it back already. It's super cool to short swaps now. They are going back and forth within last 2 hours
[2017-01-04 23:53:57] nOgAnOo : micmix I lost that money but thanks for helping man! You made me feel a lot better at the time though. I was like 1 penny away from not getting liquidated then it dumped and I would have made 2x
[2017-01-04 23:54:00] nOgAnOo : I am cursed!
[2017-01-04 23:54:01] happy : why the Mark price is only 1129.13
[2017-01-04 23:54:01] micmix : freefall: you don't understand, I trade with 3x but max leverage affects everything else like funding caps, insurance fund
[2017-01-04 23:54:26] freefall : micmix: sorry, misunderstood
[2017-01-04 23:54:28] MrRGnome : micmix: +1
[2017-01-04 23:54:51] BTCDJS : freefall: noobs being sold on twitter that its good for profit by people shilling their links
[2017-01-04 23:55:07] memes : cant even open a long on bitmex cos the mark price is below liquidation of my entry lmao
[2017-01-04 23:55:25] micmix : ^^ and this
[2017-01-04 23:55:50] memes : ah shit I keep forgetting about the referral links
[2017-01-04 23:55:51] rowrow : anyone know if they changed max leverage to 50, how long it would take to go into effect?
[2017-01-04 23:55:52] MikeHunt : why not just average out the funding per second/minute?
[2017-01-04 23:56:02] rowrow : (roughly)
[2017-01-04 23:56:02] dannybreal : technical analysis guys, tell me please what is going to happen in next 10 min
[2017-01-04 23:56:19] moo : dannybreal: okcoin will pump as always
[2017-01-04 23:56:29] memes : moo: n
[2017-01-04 23:56:33] BTCDJS : dannybreal: Im going to roll a cigarette and smoke it
[2017-01-04 23:56:56] j8 : rowrow: however long they say. we've given them heck before for making sudden changes though so probably not immediately
[2017-01-04 23:57:00] MikeHunt : Bitanic will keep going until it hits a blackswan-berg
[2017-01-04 23:57:27] dannybreal : i see like triangles and stuff and that the culmination is near
[2017-01-04 23:57:32] micmix : anyway, going to increase short limits a bit, get some more of that fundinf
[2017-01-04 23:57:36] micmix : *funding
[2017-01-04 23:57:38] rowrow : j8: yeah absolutely, they should certainly give warning, just wondering if it would be 8 hours or 7 days, etc.
[2017-01-04 23:57:47] ytaews : I for one would rather have a large premium for days on end than contract terms changed again purely bc it isn't trading in an 'acceptable' range
[2017-01-04 23:57:49] memes : when I go to open a position at 100x the cost dosnt change from opening a position at 50x, why is that?
[2017-01-04 23:57:54] j8 : your guess is as good as mine
[2017-01-04 23:58:14] MikeHunt : dannybreal: you learned chart patterns?
[2017-01-04 23:58:14] dannybreal : is 8550 new support?
[2017-01-04 23:58:43] MikeHunt : dannybreal: bots are just holding rocket inplace ready for lift off
[2017-01-04 23:58:45] moo : lol @ "support" during a bubble
[2017-01-04 23:58:48] dannybreal : no i cnat memorize them patterns, isnt ther an app or a toool for that would recognize patterns?
[2017-01-04 23:58:52] MikeHunt : dannybreal: it may drift a bit until then
[2017-01-04 23:59:03] ytaews : if you want something that perfectly tracks spot... trade spot
[2017-01-04 23:59:14] moo : when people will run to exit you wont see any support
[2017-01-04 23:59:20] lockhedge : micmix: good idea. let's make the premium small again!
[2017-01-04 23:59:32] BTCDJS : dannybreal: IMO we are near the top. But there is always a chance we could blow the mother off this and reach stupid higs
[2017-01-04 23:59:33] dannybreal : triple top downtrend aswell
[2017-01-04 23:59:35] Julian : Unrealised PnL is pretty useless on perpetual right now. Why don't they give an option to base it on orderbook?
[2017-01-04 23:59:49] BTCDJS : highs
[2017-01-04 23:59:54] rowrow : ytaews: well the point of the spot is to use funding to keep trading within a range of the real value, otherwise we're just playing with monopoly money and it can be manipulated easily
[2017-01-05 00:00:08] hobolowbo : so who thinks were going to see another rally in the next couple hours
[2017-01-05 00:00:09] rowrow : without funding, there's no anchor to true bitcoin value
[2017-01-05 00:00:21] j8 : lockhedge: i'm buying, the funding is too small
[2017-01-05 00:00:21] freefall : hobolowbo: yep
[2017-01-05 00:00:33] ytaews : rowrow: I'm not saying there should be no funding, but as is the prices will converge again pretty quickly
[2017-01-05 00:00:53] micmix : lockhedge: btw, how is your bot doing during this pump?
[2017-01-05 00:01:02] MikeHunt : dannybreal: thats just on 1m, actual double/triple will be a lot bigger
[2017-01-05 00:01:09] ytaews : rowrow: It's a trade-off between tracking spot and bfx interest rates and having high leverage
[2017-01-05 00:01:10] lockhedge : j8: because you are selling okc weekly?
[2017-01-05 00:01:26] j8 : yeah, well i think i've sold enough now :)
[2017-01-05 00:01:49] freefall : j8: how much?
[2017-01-05 00:01:53] micmix : xbch17 still very cheap
[2017-01-05 00:01:55] ytaews : rowrow: it's a synthetic instrument and that's made very clear. if you want btc, buy btc
[2017-01-05 00:02:01] j8 : freefall: lots
[2017-01-05 00:02:11] dannybreal : not enough steam from china , i say top and short 4 a while
[2017-01-05 00:02:13] freefall : j8: a lot? :D 100 gran?:D
[2017-01-05 00:02:33] micmix : j8 is a whale, he doesn't think that small ;-)
[2017-01-05 00:02:39] j8 : i'll leave that to your imagination
[2017-01-05 00:02:39] rowrow : ytaews: there are certainly tradeoffs, though the closer it tracks btc, the better
[2017-01-05 00:02:41] freefall : micmix: haha :D
[2017-01-05 00:02:43] MikeHunt : dannybreal: they start at 8am, its 8:02, give em a chance ;)
[2017-01-05 00:02:48] lockhedge : micmix: it's making money in usd terms at least ;)
[2017-01-05 00:02:58] dannybreal : :D
[2017-01-05 00:03:20] dannybreal : they cant believe wht their seeing and the kinda dont wanna pay so much?
[2017-01-05 00:03:23] freefall : good night guys and enjoy trading ;)
[2017-01-05 00:03:37] micmix : lockhedge: lol, I guess that decision to hedge full trading capital was a bit premature ;-)
[2017-01-05 00:04:22] dannybreal : time 2 go short guys
[2017-01-05 00:05:14] ytaews : rowrow: sure, but the contract terms don't say 'bitmex admins will subjectively change parameters to ensure that premium stays within an acceptable range'
[2017-01-05 00:05:46] j8 : ytaews: that's exactly what they've done when this happened before though. twice
[2017-01-05 00:06:11] ytaews : j8: sure. and they should avoid doing it again
[2017-01-05 00:06:19] lockhedge : micmix: the only decision i made this year, and it was wrong. didn't hedge 100% though
[2017-01-05 00:06:45] j8 : then they need to get the parameters right (more conservative) and leave it. not leave it broken
[2017-01-05 00:07:01] ytaews : j8: why is it broken?
[2017-01-05 00:07:25] j8 : because it's way off the mark price
[2017-01-05 00:07:26] ytaews : j8: seems to me the contract terms are being followed?
[2017-01-05 00:07:31] j8 : for an extended period
[2017-01-05 00:07:57] rowrow : it's not super-absolutely-broken, it's just the point is essentially to be an exchange that bets on the price, so you want it close to the price
[2017-01-05 00:08:19] zanza : its because funding rate is capped at .375% you get these anomalies with price
[2017-01-05 00:08:25] rowrow : yes, as we have said, there can certainly be tradeoffs, and it's "okay" as it is now, but maybe it would be better if it weren't 2-3% off
[2017-01-05 00:08:28] zanza : if funding wasn't capped, it would be like 1%
[2017-01-05 00:08:29] j8 : it's not good for anyone, longs will be deleveraged, market makers will disappear
[2017-01-05 00:08:44] zanza : and price would match mark
[2017-01-05 00:09:04] ytaews : all those things seem far less bad than changing contract terms when people already have positions
[2017-01-05 00:09:14] rowrow : also a very important factor - it's easier to manipulate the market with a low cap on funding
[2017-01-05 00:09:18] dannybreal : how can i realize my profit on short?
[2017-01-05 00:09:33] j8 : look how much you'd have to pay to long okc weekly with 32 hours until settlement. 2.7%
[2017-01-05 00:09:33] zanza : wait
[2017-01-05 00:09:39] Milkman : buy the amount of contracts dannybreal
[2017-01-05 00:09:58] BTCDJS : dannybreal: get liquidated
[2017-01-05 00:09:58] MikeHunt : dannybreal: buy it?
[2017-01-05 00:10:09] zanza : so thats like .675%
[2017-01-05 00:10:13] zanza : j8
[2017-01-05 00:10:19] zanza : broken into 8 hours periods
[2017-01-05 00:10:22] j8 : yep
[2017-01-05 00:10:35] zanza : they just introduced the cap because a few people got mad I think
[2017-01-05 00:10:45] zanza : when it hit over 1% a while ago once
[2017-01-05 00:10:59] zanza : probably sleger
[2017-01-05 00:11:13] rowrow : zanza: having some cap is probably reasonable, i'd agree (though you might be able to make arguments against it)
[2017-01-05 00:11:16] j8 : nope, they just lowered the cap because they wanted to increase leverage because volatility was down
[2017-01-05 00:11:20] Boontjie : zanza: now there are futures
[2017-01-05 00:11:27] ytaews : still seems to me like having a cap is better than sometimes having a cap and sometimes not depending on admins' opinion of the price
[2017-01-05 00:11:28] sleger : zanza: just wrong as usual
[2017-01-05 00:11:51] zanza : perpetual was alwasy 100 right ?
[2017-01-05 00:12:11] j8 : they lowered it to 50x when it had a sustained premium before
[2017-01-05 00:12:46] j8 : then when things calmed down they raised it again
[2017-01-05 00:13:07] ytaews : sure I don't have a problem with reducing max leverage
[2017-01-05 00:13:15] ytaews : the reason shouldn't be just because there is a premium though
[2017-01-05 00:13:41] ytaews : if admins think there is likely to be ADL etc then thats a fair enough reason
[2017-01-05 00:13:51] rowrow : ytaews: as we said, the premium is the only reason this whole exchange functions at all...
[2017-01-05 00:13:56] j8 : high premium means ADL is likely
[2017-01-05 00:13:59] zanza : they want the swap to sort of accurately reflect mark
[2017-01-05 00:14:13] ytaews : when I say premium I don't mean funding, I mean 1146 vs 1119
[2017-01-05 00:14:40] j8 : yeah, so if you're short you get liquidated at 1119, and it won't get filled until 1146
[2017-01-05 00:15:02] ytaews : I know, and yeh that drains insurance fund / causes ADL
[2017-01-05 00:15:02] j8 : insurance fund gets drained, high risk of ADL
[2017-01-05 00:15:09] j8 : you got it
[2017-01-05 00:15:20] ytaews : that's a reason to reduce leverage sure
[2017-01-05 00:15:26] rowrow : at the end of the day, which is more important - to have a few people have some fun gambling at 100x leverage for 10 minutes or move it down to 50x and better match the actual price? 50x leverage i think is plenty high
[2017-01-05 00:15:27] aethlios : new daily started, let's see....
[2017-01-05 00:15:33] ytaews : but just saying 'omg i can't long price is too high' is not
[2017-01-05 00:15:55] rowrow : as i said, it's not completely broken, just probably not ideal
[2017-01-05 00:16:03] j8 : agreed
[2017-01-05 00:16:05] BTCDJS : aethlios: red candle
[2017-01-05 00:16:08] ytaews : i'm fine w/ 50x as well. but my point is that this really shouldn't be happening on the fly. it's not like market conditions like these are unforeseeable
[2017-01-05 00:16:21] ytaews : conditions like these are a good reason to not go to 100x in the first place
[2017-01-05 00:16:42] j8 : yep totally
[2017-01-05 00:16:43] zanza : bull runs are good time for 100x long
[2017-01-05 00:16:48] ytaews : as someone said above, it's not really even 100x except for small amounts due to risk limits
[2017-01-05 00:16:52] ytaews : its just marketing
[2017-01-05 00:17:07] rowrow : yeah it probably is mainly marketing, is a nice kinda gimmick
[2017-01-05 00:17:14] rowrow : 50x doesn't have the same ring
[2017-01-05 00:18:49] j8 : any bets on how high this china premium goes? closed most of my china longs
[2017-01-05 00:19:13] aethlios : with 75x leverage, cap will go to 0.6250% which is enough to make the job.
[2017-01-05 00:19:18] rowrow : no idea, it's crazy as it is
[2017-01-05 00:19:27] aethlios : don't have to lower to 50x
[2017-01-05 00:19:52] BTCDJS : aethlios: people like triple digits and round numbers more
[2017-01-05 00:20:02] REKT : Liquidated short on `FCT7D`: buy 15 @ 0.003363
[2017-01-05 00:20:41] _ethan : Hey but
[2017-01-05 00:20:56] _ethan : hey bitmex guys I have a question
[2017-01-05 00:21:06] BTCDJS : shoot
[2017-01-05 00:21:43] _ethan : I meant like the guys that work here or whatever haha. The maths on my position seem wrong.
[2017-01-05 00:22:00] BTCDJS : @BitMEX_wally
[2017-01-05 00:22:07] _ethan : Thanks man
[2017-01-05 00:22:22] BTCDJS : @BitMEX_greg
[2017-01-05 00:22:33] BTCDJS : @BitMEX_sam
[2017-01-05 00:22:43] BTCDJS : wally!!!!
[2017-01-05 00:22:47] BTCDJS : greg!!!!
[2017-01-05 00:22:51] BTCDJS : sam!!!!!
[2017-01-05 00:22:54] BitMEX_Sam : BTCDJS: There's really no need for that
[2017-01-05 00:23:10] BTCDJS : it worked though :)
[2017-01-05 00:23:32] BTCDJS : ethan has a question
[2017-01-05 00:23:39] aethlios : usd getting hammered, this is not good for bulls
[2017-01-05 00:23:42] BitMEX_Sam : Yeah, go ahead _ethan
[2017-01-05 00:24:08] _ethan : Thanks. Anyways, math seems weird on my position. Might be wrong, but seems wrong to me
[2017-01-05 00:24:39] unicorns_rainbows : does anyone have experience with bitmex support? I need to change my email and I'm wondering what I'll need to do that besides the login
[2017-01-05 00:25:06] dannybreal : how can I close my position with profit?
[2017-01-05 00:25:11] dannybreal : <edited>
[2017-01-05 00:25:25] sleger : spam
[2017-01-05 00:25:30] BTCDJS : dannybreal: you short?
[2017-01-05 00:25:34] dannybreal : yes
[2017-01-05 00:25:41] BTCDJS : get liquadated
[2017-01-05 00:25:43] dannybreal : how can i close it
[2017-01-05 00:26:05] BTCDJS : short on SWAP?
[2017-01-05 00:26:07] BitMEX_Arthur : Everyone due to the volume of people talking please submit issues to support@bitmex.com so we can ensure we don't miss anything
[2017-01-05 00:26:27] dannybreal : limit , what is sap?
[2017-01-05 00:26:29] dannybreal : swap
[2017-01-05 00:27:00] dannybreal : help
[2017-01-05 00:27:02] BTCDJS : dannybreal: there is XBTUSD thats swap. And theres XBTH17 thats futures
[2017-01-05 00:27:11] dannybreal : swap
[2017-01-05 00:27:15] dannybreal : short
[2017-01-05 00:27:19] BTCDJS : which one you on?
[2017-01-05 00:27:25] BTCDJS : k
[2017-01-05 00:27:49] dannybreal : how
[2017-01-05 00:27:56] dannybreal : can i closse it wit profits
[2017-01-05 00:28:34] BitMEX_Sam : Submit an order for the opposite amount. If you're short 50 contracts, buy 50 contracts to get back to 0.
[2017-01-05 00:28:47] BTCDJS : If you get liquidated you should be in profit. At least thats what I was told today @dannybreal
[2017-01-05 00:29:05] BitMEX_Sam : It appears you've used the `Close Position` button a few times @dannybreal, just use it again if you want to close.
[2017-01-05 00:29:21] BTCDJS : BitMEX_Sam: is that true sam?
[2017-01-05 00:29:32] dannybreal : :D
[2017-01-05 00:29:34] BTCDJS : About getting liquidated?
[2017-01-05 00:29:42] BitMEX_Sam : BTCDJS: No...?
[2017-01-05 00:29:50] mariomarco : liquidation is best profit imo, 150%
[2017-01-05 00:29:58] mariomarco : at any margin
[2017-01-05 00:30:25] BTCDJS : BitMEX_Sam: let me check the archive
[2017-01-05 00:31:14] ytaews : 'liquidation as a short right now is good' != 'you can be liquidated while in a profitable position'
[2017-01-05 00:31:40] dannybreal : but if i close at market thwn which price will it choose
[2017-01-05 00:32:16] j8 : it's not profitable in isolation, but if you're doing arbs then you can make lots off it
[2017-01-05 00:33:35] BTCDJS : BitMEX_Sam:rapidtrades : BTCDJS: if liquidated u get mark price+maintence margin
[2017-01-05 00:34:02] ytaews : what he means is by getting liquidated you pay the mark price, and forefeit your maintenance margin
[2017-01-05 00:34:27] BitMEX_Greg : If you get liquidated you lose your Maintenance Margin
[2017-01-05 00:34:38] BitMEX_Greg : and costs to exit the position, as per the liquidation docs
[2017-01-05 00:34:54] BitMEX_Greg : You can't liquidate yourself into a profit
[2017-01-05 00:35:11] j8 : i.e. you short swap at 1140 and buy spot at 1117. your short gets liquidated when spot hits ~1145 and you're out at ~1150 because of the maintenance margin, but at this point you can probably short the swap at like 1170
[2017-01-05 00:35:14] BTCDJS : So hen it doesn't pay
[2017-01-05 00:35:22] ytaews : right but j8's point was you could have an offsetting profitable position elsewhere
[2017-01-05 00:35:22] QuantFocus : BitMEX_Greg: sounds like you guys have the system rigged
[2017-01-05 00:35:28] BTCDJS : why would he say that?
[2017-01-05 00:35:39] sleger : BTCDJS: yeah thats weird
[2017-01-05 00:35:40] QuantFocus : clear manipulation, can't liquidate ourselves into profit
[2017-01-05 00:35:41] sleger : why would he ....
[2017-01-05 00:36:05] BitMEX_Greg : j8: Where are you buying spot from, and that's assuming the premium remains IF the pump happens. A lot of IFs in that strategy
[2017-01-05 00:36:26] sleger : better play lottery
[2017-01-05 00:36:53] BTCDJS : He was trying to stitch me up. What a cocksucker
[2017-01-05 00:36:58] BitMEX_Greg : Hopefully the NY lottery boosts back up to 1.3b again
[2017-01-05 00:36:59] j8 : BitMEX_Greg: i'm not doing it, but ideally same ratio as the index. you monitor the premium when spot is getting close and if it's not favourable you add margin
[2017-01-05 00:37:26] Milkman : finex dump
[2017-01-05 00:37:29] QuantFocus : uh oh folks
[2017-01-05 00:37:32] j8 : there is some free optionality involved
[2017-01-05 00:37:40] sleger : j8: nuff said
[2017-01-05 00:37:54] j8 : sorry if i'm giving away your tricks sleger
[2017-01-05 00:38:04] sleger : no but the guy said its bs
[2017-01-05 00:38:13] sleger : if you get liquidated you lost money, which is true
[2017-01-05 00:38:14] sleger : so ...
[2017-01-05 00:38:27] ytaews : yep confirmed impossible to arb. too many ifs
[2017-01-05 00:38:33] ytaews : dont bother guys
[2017-01-05 00:39:50] rowrow : so if someone longs 100x right now, do they have until price drops to 1118.3 to get liquidated?
[2017-01-05 00:40:17] sleger : rowrow: just try
[2017-01-05 00:40:46] rowrow : have that backwards, but doesn't seem to work that way either, guess i'd have to read the docs
[2017-01-05 00:43:18] rowrow : meant if you short now @100x, would mark price (1118.3) have to rise to current price to get liquidated
[2017-01-05 00:43:36] ytaews : there you go
[2017-01-05 00:44:13] j8 : yeah it would be 0.5% above your entry price
[2017-01-05 00:44:19] BTCDJS : rowrow: you get a separate liquidation price above your entry
[2017-01-05 00:45:17] lockhedge : j8: shouldn't it actually be 0.5% - 0.3750% + 0.075%?
[2017-01-05 00:45:48] j8 : good point, i'm not sure if you get the benefit of the negative funding. exit fees though
[2017-01-05 00:46:24] happy : wow, gold is in trending
[2017-01-05 00:46:38] zanza : so if you buy at 100x leverage, you will get instant liquidated now ?
[2017-01-05 00:46:53] happy : zanza: Your buy order will not get filled.
[2017-01-05 00:47:03] zanza : the system rejects it ?
[2017-01-05 00:47:16] happy : zanza: Yes.
[2017-01-05 00:47:21] j8 : you would have to fund all the unrealised pnl from the low mark price
[2017-01-05 00:47:44] j8 : which means putting down a lot more than 1% margin
[2017-01-05 00:47:55] arbitrage001 : good morning
[2017-01-05 00:47:57] zanza : lol
[2017-01-05 00:47:59] arbitrage001 : wow, geez
[2017-01-05 00:47:59] zanza : that seems broken
[2017-01-05 00:48:04] arbitrage001 : what's up with the premium
[2017-01-05 00:48:11] arbitrage001 : MM really went broke lol
[2017-01-05 00:48:12] zanza : lots of moon kids arbitrage001
[2017-01-05 00:48:13] BTCDJS : zanza: best time to 100x is when the mark price is above traded price
[2017-01-05 00:48:18] j8 : arbitrage001: look at china and okc futures
[2017-01-05 00:48:42] j8 : also bitmex hinted that the cap will stay for "a few days"
[2017-01-05 00:48:57] arbitrage001 : the premium will went out of hand then
[2017-01-05 00:49:10] arbitrage001 : and MM will stay liquidless