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<< >> English 中文 Русский 한국어 日本語 Español Français [2015-11-07 01:15:34] j8 : if there was a freely traded contract with no settlement to tie it to the price at some date, it could trade at any price and would essentially be meaningless [2015-11-07 01:15:44] SnackyCoins : ^ [2015-11-07 01:16:20] Murch : j8: yep, that's the bottom line [2015-11-07 01:16:25] j8 : if you want leveraged CFDs, thats what 1broker and simplefx do [2015-11-07 01:16:39] Murch : And it's like a bucket shop so... [2015-11-07 01:16:48] Murch : Better to avoid [2015-11-07 01:16:52] j8 : the price is whatever they quote. [2015-11-07 01:17:29] laisee : if u had buyers & sellers - would be like OTC swap with no revert.t [2015-11-07 01:18:47] SnackyCoins : the whole point of a contract is that it does settle. in the "real world" futures are deliverable for the underlying asset. farmers sell corn futures to lock in a price so they can pay their bills without worry. they deliver the corn at expiry and if the price had gone up, they are only going to get the price the sold at and lose out on potential extra profit. if the price goes down, they have made money and a trader has been rekt :) [2015-11-07 01:20:33] patrickb : I sill wonder if the price of such an unsettled market would go to arbitrary values, or if alone the belief of a "fair" price pegs it to spot. somehow [2015-11-07 01:21:05] SnackyCoins : you can hold your losing trade to infinity in this pretend scenario [2015-11-07 01:21:27] j8 : there has to be some channel for arbitrage though. [2015-11-07 01:21:46] SnackyCoins : what forced it to be pegged though? [2015-11-07 01:21:47] laisee : being able to buy or sell would(should) constrain futures price [2015-11-07 01:21:54] patrickb : exactly, but as long is has not lost it's whole value you rather want to close it some time. [2015-11-07 01:22:12] SnackyCoins : how do you peg it to something if there is never a point where we include the underlying asset? [2015-11-07 01:22:21] SnackyCoins : if they dont settle, then those prices never cross [2015-11-07 01:22:32] j8 : if there is confidence of being able to exchange "paper btc" for real btc, then it might hold a peg [2015-11-07 01:23:14] j8 : which is basically what an etf / etn / gbtc is [2015-11-07 01:23:39] j8 : they actually have a fund of btc backing the contracts [2015-11-07 01:24:30] patrickb : the broker could state in the Terms that, if the market should be closed for whatever reason, all contracts settle on spot. [2015-11-07 01:24:33] j8 : the fund buys btc on the market to introduce new shares if the contracts trade too high [2015-11-07 01:24:47] laisee : needs confidence in contract, not in actually getting BTC IRL [2015-11-07 01:24:58] SnackyCoins : so then your settlement time is "random" 8) [2015-11-07 01:25:04] SnackyCoins : that becomes difficult to trade [2015-11-07 01:25:56] j8 : laisee: true it doesn't need to be deliverable. like the futures we trade [2015-11-07 01:26:12] zanza : ETF's has a lot of fees [2015-11-07 01:26:29] j8 : but the point is, you can't just say "this tracks the bitcoin price" and expect that it will [2015-11-07 01:26:33] SnackyCoins : thats because they have to adminster/keep secure the backing [2015-11-07 01:28:32] SnackyCoins : settlement is also how we get to play 100x for free. That money is basically created out of thin air and needs to be cleaned up. In spot, you borrow the extra capital from somewhere and pay regular interest for the use of it [2015-11-07 01:28:50] SnackyCoins : there's no interest paid for the extra futures capital [2015-11-07 01:29:02] SnackyCoins : because it's not real 8) [2015-11-07 01:29:18] laisee : snacky> true on funding [2015-11-07 01:30:12] j8 : likewise for the broker model with no settlement though. [2015-11-07 01:30:48] SnackyCoins : CFD charges interest, etf you basically pay for it in the fees [2015-11-07 01:31:03] SnackyCoins : if the etf is even leveraged [2015-11-07 01:31:55] patrickb : well let's assume XBT settles in 2025. what would happen with the XBT price here? [2015-11-07 01:32:09] SnackyCoins : lol i am getting chopped today [2015-11-07 01:32:28] SnackyCoins : i imagine there would be quite the premium [2015-11-07 01:32:39] SnackyCoins : just look at may's premium [2015-11-07 01:33:26] SnackyCoins : basically there is interest built into the futures trading price, this is called theta [2015-11-07 01:33:38] patrickb : good point [2015-11-07 01:35:19] SnackyCoins : commodities markets have futures out to what, 2023? [2015-11-07 01:35:48] SnackyCoins : how the hell would you price that for bitcoin lol [2015-11-07 01:41:05] IChTj4OeMavRq6qeIyEb : SnackyCoins: The premium would be insane [2015-11-07 01:42:20] Murch : IChTj4OeMavRq6qeIyEb: It would be ludicrous hahah [2015-11-07 01:45:13] floopfloop : fuck [2015-11-07 02:04:23] floopfloop : They still got the filter....nice [2015-11-07 02:04:44] floopfloop : kinda surprised that the december market is more lively [2015-11-07 02:04:53] floopfloop : isn't* [2015-11-07 02:06:54] Yumi : truth is 24H sucked up liquidity and volume from longer dated contracts [2015-11-07 02:08:29] floopfloop : honestly, the contract that scares me the most right now is the friday one [2015-11-07 02:08:42] floopfloop : 24h, december, and march are pretty easy to guess [2015-11-07 02:09:48] Murch : What in the name of fuck is that premium on Z15? [2015-11-07 02:10:06] floopfloop : explain? [2015-11-07 02:10:22] Murch : Look at the fair price compared to the highest bid [2015-11-07 02:10:54] SnackyCoins : free market [2015-11-07 02:11:08] floopfloop : hmmmm [2015-11-07 02:11:12] floopfloop : might have to short that [2015-11-07 02:11:15] Murch : How could it work out badly if one went short on that? [2015-11-07 02:11:28] SnackyCoins : we could go to the moon [2015-11-07 02:11:31] SnackyCoins : or something [2015-11-07 02:11:31] Yumi : fair price should adjust to market, not market to fair price [2015-11-07 02:11:35] Murch : But you'd go long on another contract [2015-11-07 02:11:51] SnackyCoins : well we have an arbitrage scenario now dont we [2015-11-07 02:12:27] floopfloop : wish I had more margin [2015-11-07 02:12:36] floopfloop : I am still waiting on a ghost deposit :( [2015-11-07 02:12:37] Murch : Welp, the person with the orders changed their mind [2015-11-07 02:12:41] Yumi : if you think we wont go to 520 before Dec 25 its nice to short with big premium [2015-11-07 02:13:02] Yumi : but in bitcoin its pretty long time [2015-11-07 02:13:04] SnackyCoins : oh shit [2015-11-07 02:13:09] SnackyCoins : just noticed where the announcements went [2015-11-07 02:13:09] Murch : Yumi: I'm fairly certain we'll be way above that, but to be at such a high price now makes no sense. [2015-11-07 02:13:21] floopfloop : Murch: no they didn't. I am watching it [2015-11-07 02:13:35] SnackyCoins : Sam: +100 on moving the announcements [2015-11-07 02:13:37] Murch : floopfloop: Yeah it's back now [2015-11-07 02:13:52] SnackyCoins : ui is so much cleaner now [2015-11-07 02:14:04] Murch : Yeah that was a good choice [2015-11-07 02:14:15] floopfloop : you could eat off this ui [2015-11-07 02:14:27] Murch : lmao [2015-11-07 02:14:27] SnackyCoins : also i am more likely to notice new ones now 8) i went banner blind on that box [2015-11-07 02:15:11] Murch : yeah exactly [2015-11-07 02:17:05] floopfloop : Murch: you gonna take that Dec short? [2015-11-07 02:17:16] Murch : floopfloop: Nah just set a sell a bit higher [2015-11-07 02:17:24] floopfloop : Murch: I can't do anything until my deposit is credited :( [2015-11-07 02:17:30] Murch : Ah darn [2015-11-07 02:17:35] Murch : Well it's usually pretty fast on here [2015-11-07 02:17:50] floopfloop : no, blockchain issues [2015-11-07 02:17:54] floopfloop : other night I waited 8 hours [2015-11-07 02:18:06] Yumi : set higher fee [2015-11-07 02:18:12] Murch : floopfloop: ah okay that's a bummer [2015-11-07 02:18:14] floopfloop : Well, that might be the problem [2015-11-07 02:18:23] floopfloop : I was using my free withdrawals [2015-11-07 02:18:41] floopfloop : but, I mean, free is free [2015-11-07 02:19:37] Yumi : you can pay few cents and not wait for hours [2015-11-07 02:19:55] floopfloop : but......FREEEEE lol [2015-11-07 02:20:11] floopfloop : I know this, but I had 3 free withdrawals on the site I use [2015-11-07 02:20:27] floopfloop : wanted to use them up before they get taken away mwhahahaha [2015-11-07 03:24:18] ayy lmao : ui loosk clea [2015-11-07 03:24:40] ayy lmao : u looks cleaner yah* [2015-11-07 03:24:58] ayy lmao : keyboard acting up lmao [2015-11-07 04:18:56] Scottv53 : t [2015-11-07 05:01:22] ohmannomma : whats your higher bid now? mine 485.21 [2015-11-07 05:01:30] ohmannomma : sorry 385.21 [2015-11-07 05:01:36] ohmannomma : 384,41 [2015-11-07 06:39:58] dorothy490 : ohmannomma: open new incognito tab in browser and open this site. This way you will see orderbook as "other person" [2015-11-07 06:40:38] dorothy490 : And you will be sure that you have the same orderbook as others [2015-11-07 07:39:35] dorothy490 : any admins online? [2015-11-07 07:47:18] BitMEX_Wally : dorothy490: Hello [2015-11-07 07:47:50] dorothy490 : re "initial margin" [2015-11-07 07:48:08] dorothy490 : I have open position, on walllet page it shows 0.3845 for me [2015-11-07 07:48:25] dorothy490 : on open positions part it shows margin 0.1875 [2015-11-07 07:48:42] dorothy490 : isolated. if price go agaisnt me, ill lost 0.1875 or how much? [2015-11-07 07:48:52] dorothy490 : Ill lose * [2015-11-07 07:49:14] BitMEX_Wally : You have open order in `XBT24H` and `XBT7D` [2015-11-07 07:49:22] dorothy490 : open positions [2015-11-07 07:49:25] BitMEX_Wally : So you need to add them together to get the number on the wallet page [2015-11-07 07:49:47] dorothy490 : aha [2015-11-07 07:50:01] dorothy490 : so you mean Ill lose only half of my "initial margin"? [2015-11-07 07:50:41] BitMEX_Wally : For each position, with isolate margin enabled you can only lose the initial margin [2015-11-07 07:50:53] dorothy490 : talking about my XBT7D 0 if price go to 430, how much ill lose? "initial margin" = 0.35? [2015-11-07 07:51:16] dorothy490 : 0.3845* [2015-11-07 07:51:40] BitMEX_Wally : On `XBT7D` you are currently short [2015-11-07 07:51:53] BitMEX_Wally : And you have an open order to buy [2015-11-07 07:52:48] BitMEX_Wally : So if the price goes down to 0, your buys will be filled and you will have made a profit [2015-11-07 07:53:13] dorothy490 : so if fair price go to 430 from this moment, how much I will lose? My open order will be untouched [2015-11-07 07:53:29] BitMEX_Wally : You won't lose anything. You're short [2015-11-07 07:53:32] BitMEX_Wally : So you'll make money [2015-11-07 07:54:08] BitMEX_Wally : Ahh sorry [2015-11-07 07:54:10] BitMEX_Wally : 430 is up [2015-11-07 07:54:24] dorothy490 : hehe, got used to that 500 price Iguess :) [2015-11-07 07:55:35] BitMEX_Wally : Your initial margin to open that XBT7D position was 0.0822 XBT and you have 0.101966 XBT of unrealisedPnl [2015-11-07 07:56:14] BitMEX_Wally : So if the price goes up your unrealisedPnl will go from +0.101966 to -0.0822 (i.e. you only lose your initial margin) [2015-11-07 07:56:54] dorothy490 : so only 0.0822.. thanks. WHy initial margin is then shows 0.3845 ? I thought that "initial magiin" is being used only for open positions [2015-11-07 07:57:50] BitMEX_Wally : If you have open orders then they require initial margin to be locked out of your account. This is what 'Initial Margin' means on wallet page [2015-11-07 07:58:02] BitMEX_Wally : Once the order is open, this initial margin is moved to the position, and it appears as 'Maintenance Margin' [2015-11-07 07:58:13] BitMEX_Wally : And you can only lose what you put in (with isolate margin enabled) [2015-11-07 07:58:45] BitMEX_Wally : You have open orders in `XBT24H` and `XBTH16` that require Initial Margin. You can cancel these orders to get that back [2015-11-07 07:59:14] BitMEX_Wally : You have open positions in `XBT24H` and `XBT7D` that require maintenance margin [2015-11-07 07:59:42] dorothy490 : ok you guys need some column to show "max losses" for each open position [2015-11-07 07:59:58] dorothy490 : cause currently its confusing [2015-11-07 07:59:59] BitMEX_Wally : That's pretty much the 'Margin' column [2015-11-07 08:00:08] BitMEX_Wally : On the Open Position tab [2015-11-07 08:00:49] dorothy490 : no, its dynamic and confusing to the person who is not looking onto "wallet tab" at the same time [2015-11-07 08:01:13] dorothy490 : casual user liek me want ot look only at the top ("Balance: xx Avaliable: xx) [2015-11-07 08:01:22] dorothy490 : and decide from there how much they can lose from this open order [2015-11-07 08:01:43] dorothy490 : do you agree with me ? :P [2015-11-07 08:01:59] AbuAli : no :D [2015-11-07 08:02:02] dorothy490 : user need an easy way to understand what his balance will look like if this open order will get liquidated [2015-11-07 08:02:19] dorothy490 : and currently its hard to understand [2015-11-07 08:02:34] AbuAli : its easy once u get used to it [2015-11-07 08:02:47] dorothy490 : it shouldn't be if this exchange plan to be mass [2015-11-07 08:03:02] BitMEX_Wally : Yes, we are working on simplifying the interface [2015-11-07 08:04:05] dorothy490 : thanks wally. bitmex support is the best :) [2015-11-07 08:20:33] ethexio : BitMEX_Wally: FYI, calculator doesn't bring up keyboard on mobile, so can't enter values. Tried on Android phone and Android tablet, chrome and Firefox. [2015-11-07 08:21:04] BitMEX_Wally : ethexio: Thanks for letting me know, I'll get BitMEX_Sam to look into it [2015-11-07 08:21:09] ethexio : Also, do you guys do any security bug bounties? [2015-11-07 08:21:31] BitMEX_Wally : Yes: https://cobalt.io/bitmex [2015-11-07 08:21:41] ethexio : BitMEX_Wally: delegating, love it [2015-11-07 08:22:06] BitMEX_Wally : I don't have any Android devices :) [2015-11-07 08:25:20] ethexio : "Only security researchers vetted by Cobalt can submit reports on this program" [2015-11-07 08:27:02] ethexio : For the record, I haven't found anything - but as a developer I have a tendency of finding issues and holes. [2015-11-07 08:30:07] BitMEX_Wally : Sure, just email us [2015-11-07 08:30:24] BitMEX_Wally : We payout bug bounties [2015-11-07 08:42:10] ethexio : Thank @BitMEX_Wally [2015-11-07 09:36:30] mikeh : I think it's a bug that isolate margin from the position list sets the default for your following orders [2015-11-07 09:37:49] mikeh : and that there's no warning if your stop limits will be rejected on triggering rather than when you add them [2015-11-07 09:38:11] mikeh : that didn't make sense but u know what i mean :] [2015-11-07 10:02:37] kendang : does aynone know a bitcoin trading platform with leverage and tighter spreads? [2015-11-07 10:23:22] aspa : @bitmex_wally: I'm seeing an order in my order history with status 'Cancelled', but it looks like it was added to my position. I'm not complaining, as it was slightly better than the price of my actual orders, but it seems odd.. [2015-11-07 10:24:01] BitMEX_Wally : aspa: That order might have been a partial fill? [2015-11-07 10:24:44] BitMEX_Wally : What does the 'Filled' column have? [2015-11-07 10:24:56] aspa : BitMEX_Wally: it doesn't show up there [2015-11-07 10:25:23] BitMEX_Wally : The filled column is 0? [2015-11-07 10:26:12] aspa : BitMEX_Wally: ah, sorry. The filled column is -100 (and it doesn't show up in the 'Fills' tab) [2015-11-07 10:26:45] BitMEX_Wally : Ahh, unfortunately the 'Fills' tab only shows completely filled orders [2015-11-07 10:27:31] aspa : OK, so it was partially filled and then cancelled. Clear, thanks :) [2015-11-07 10:30:07] ohmannomma : i closed a position that i opened by mistake at the same price, and i have been taken 0.16 btcs [2015-11-07 10:30:18] ohmannomma : is it opssible? [2015-11-07 10:30:49] ohmannomma : in this site you have to keep checking for strange behaviours [2015-11-07 10:31:20] BitMEX_Wally : ohmannomma: Even if you opened and closed at the same price there is still the trading fees [2015-11-07 10:31:37] ohmannomma : check please [2015-11-07 10:31:42] ohmannomma : then [2015-11-07 10:32:02] ohmannomma : opem [2015-11-07 10:32:03] ohmannomma : 2399 392.95 2399 392.95 9.4269 XBT Limit Filled 2015-11-07 10:19:09 [2015-11-07 10:32:11] BitMEX_Wally : https://www.bitmex.com/app/tradeHistory [2015-11-07 10:32:12] ohmannomma : close 2500 390.51 2500 390.51 9.7628 XBT Limit Filled 2015-11-07 10:14:58 [2015-11-07 10:32:18] BitMEX_Wally : Have a look at the trade history here: https://www.bitmex.com/app/tradeHistory [2015-11-07 10:32:24] BitMEX_Wally : There is a 'Commission' column [2015-11-07 10:32:46] ohmannomma : i got screenshot before opening position and after .. it took 0.16 btcs [2015-11-07 10:33:06] ohmannomma : exactyly [2015-11-07 10:33:22] ohmannomma : my balance was 0.16 btcs higher before opening that position [2015-11-07 10:33:43] ohmannomma : commision says 0.0042 [2015-11-07 10:33:54] ohmannomma : ! [2015-11-07 10:34:02] ohmannomma : can you please check my account balances? [2015-11-07 10:34:10] BitMEX_Wally : Sure [2015-11-07 10:34:36] kendang : what happens when the contract ends? [2015-11-07 10:35:09] BitMEX_Wally : kendang: All positions are closed at the settlement price [2015-11-07 10:35:24] kendang : ok [2015-11-07 10:35:42] ohmannomma : why there is no column 'price paid? [2015-11-07 10:35:45] BitMEX_Wally : ohmannomma: You have pasted two buy trades [2015-11-07 10:35:47] ohmannomma : that would be clearer [2015-11-07 10:35:57] ohmannomma : right [2015-11-07 10:36:12] ohmannomma : 2015-11-07 10:14:58 XBT24H Buy 2500 2500 0 390.51 390.51 9.7628 XBT 0.0044 XBT Trade Limit Filled 7d5f2ce507ce 2015-11-07 09:54:12 XBT24H Sell 2500 2500 0 390.58 390.58 -9.7645 XBT 0.0044 XBT Trade Limit Filled 5ecd79602665 20 [2015-11-07 10:36:12] BitMEX_Wally : ohmannomma: There is, it is called 'Execution Price' which the price, and 'Value' which is the cash value [2015-11-07 10:36:32] ohmannomma : no [2015-11-07 10:36:37] ohmannomma : thats a way to confuse [2015-11-07 10:36:58] BitMEX_Wally : How is it confusing to give you the raw numbers so you can add them up and calculate the PNL yourself? [2015-11-07 10:36:58] ohmannomma : the PRICE PAID for closing the position [2015-11-07 10:37:05] ohmannomma : anyway please check [2015-11-07 10:37:16] ohmannomma : cos i am sure that 0.16 went in the air [2015-11-07 10:37:21] ohmannomma : and i wonder how many before [2015-11-07 10:37:22] ohmannomma : ... [2015-11-07 10:37:33] BitMEX_Wally : You seem very suspicious of BitMEX. [2015-11-07 10:37:41] BitMEX_Wally : Every time you ask us to check something, it turns out everything is correct [2015-11-07 10:37:42] ohmannomma : well [2015-11-07 10:37:45] ohmannomma : the idea is good [2015-11-07 10:37:51] ohmannomma : but i was checking [2015-11-07 10:38:30] ohmannomma : with my own eyes i saw 0.16 disappearing [2015-11-07 10:39:10] ohmannomma : im 99% sure [2015-11-07 10:39:29] AbuAli : seems u did "close market" to ur position, [2015-11-07 10:39:33] ohmannomma : can you pl;ease tell me how much i had before [2015-11-07 10:39:35] ohmannomma : 7d5f2ce507ce [2015-11-07 10:39:40] ohmannomma : and after? [2015-11-07 10:39:56] ohmannomma : i should have had 0.0042 times 2 minus [2015-11-07 10:40:07] ohmannomma : actually i had -0.16 ! [2015-11-07 10:40:33] BitMEX_Wally : So you sold 2500 at 390.58 and bought 2500 at 390.51 [2015-11-07 10:40:38] ohmannomma : cyes [2015-11-07 10:40:40] ohmannomma : yes [2015-11-07 10:40:57] ohmannomma : how much i had before, and how much after [2015-11-07 10:41:57] ohmannomma : i had 3.16 before [2015-11-07 10:42:00] ohmannomma : and 2.99 after [2015-11-07 10:42:48] ohmannomma : can you just tell me how it is? [2015-11-07 10:43:41] ohmannomma : oh no my bad [2015-11-07 10:43:56] ohmannomma : my partner withdrew them in the meantme [2015-11-07 10:44:03] BitMEX_Wally : So look at the 'Value' column. The sell value was -9.7645 XBT and the buy value was 9.76275 XBT so you lost -0.00175 XBT on the trade. Then minus two lots of Commission which is 0.004394 XBT and 0.0043932 XBT [2015-11-07 10:44:09] ohmannomma : ok sorted [2015-11-07 10:44:57] BitMEX_Wally : Coo [2015-11-07 10:44:58] BitMEX_Wally : Cool [2015-11-07 11:27:52] billyboy402 : FYI on iPhone mobile the daily countdown doesn't show like normal web [2015-11-07 11:29:46] BitMEX_Wally : billyboy402: Thanks for letting us know, we'll look into it [2015-11-07 11:32:59] billyboy402 : how long until daily settlement please ? [2015-11-07 11:33:08] BitMEX_Arthur : 26 minutes [2015-11-07 11:33:09] BitMEX_Wally : 27 minutes [2015-11-07 11:33:18] BitMEX_Arthur : jinx [2015-11-07 11:33:42] billyboy402 : Cheer . My wife is playing the pokies and I'm playing bitcoin [2015-11-07 11:33:59] laisee : 2 X daily settlement, good service [2015-11-07 11:39:58] Yumi : in Withdrawal Confirmed email still says 12 UTC [2015-11-07 11:40:14] BitMEX_Wally : Yumi: Thanks, let me fix that now [2015-11-07 11:43:03] BitMEX_Wally : I've committed a fix which will go into the next release [2015-11-07 11:51:32] dorothy490 : BitMEX_Wally: can you share list of the features you plan to implement in the next month or smth? :) [2015-11-07 13:01:49] ayy lmao : i submitted my withdrawal request before 13;00 but confirmation was a couple seconds after, will it still go in todays batch [2015-11-07 13:01:50] ayy lmao : i submitted my withdrawal request before 13;00 but confirmation was a couple seconds after, will it still go in todays batch [2015-11-07 13:02:23] BitMEX_Wally : ayy lmao: No, but I'lll make sure it does [2015-11-07 13:02:41] ayy lmao : awesome, thanks [2015-11-07 13:18:33] habibi : calm day [2015-11-07 13:25:19] Scottv53 : dorothy490: <em>disingenuous; [2015-11-07 13:26:08] Scottv53 : &btc; [2015-11-07 13:26:37] dorothy490 : Scottv53: wat [2015-11-07 13:27:56] Scottv53 : sandbox [2015-11-07 14:01:45] BitMEX_Sam : billyboy402: The countdown not showing on a phone is intentional, there's no space for it [2015-11-07 14:33:14] zanza : g'morning, anyone having problems with not being able to uncheck 1isolate margin' box? [2015-11-07 14:42:58] BitMEX_Sam : zanza: Looking into it [2015-11-07 14:43:20] BitMEX_Sam : Appears to be display only zanza, will push a fix [2015-11-07 14:56:45] BitMEX_Sam : zanza: Please refresh, taken care of [2015-11-07 14:58:16] zanza : loooks good :) yeah, it was display only, since even though it was showing checked, the liq price was very high [2015-11-07 14:58:18] zanza : thanks ~ [2015-11-07 15:35:03] podizzler3k : sup trading bros [2015-11-07 15:35:28] podizzler3k : itchy, potato, habibi [2015-11-07 15:50:57] zanza : sup trading bruh @podizzler3k [2015-11-07 15:51:15] podizzler3k : hey bruh better get off that isolate [2015-11-07 15:51:22] podizzler3k : and im not talking about whey protein [2015-11-07 15:54:00] dorothy490 : BitMEX_Sam: what is that 41626 order? liqidation? [2015-11-07 15:55:14] nickhnt : dorothy490: probably [2015-11-07 15:58:17] sleger : it was [2015-11-07 16:02:37] dorothy490 : BitMEX_Sam: your "charting" section of the site shows that cryptowat.ch has charts but thoese doesnt works [2015-11-07 16:03:30] mitior : i likw big butts i can not lie [2015-11-07 16:04:59] dorothy490 : also this page shows "volume" bigger than at OKC. is it volume of users using this bot or what https://bit-delta-one.com/ [2015-11-07 16:08:46] zanza : Bitmex has 100x leverage, so it makes sense it has high volume [2015-11-07 16:09:45] dorothy490 : okc has x25 and x10 customers so it doesn't makes sense [2015-11-07 16:09:58] zanza : mm, yeah it might have something to do with "size" [2015-11-07 16:10:21] zanza : maybe they are misreading a quanto as a full XBT trade [2015-11-07 16:10:48] dorothy490 : BitMEX_Sam: also charting section mentiones TW as a chart soltuion but its doesnt works also [2015-11-07 16:10:59] dorothy490 : take me to the team of whiny testers/ UI [2015-11-07 16:21:48] Murch : It's calculating something wrong because it takes size as the number of contracts. [2015-11-07 16:22:38] dorothy490 : reported to them [2015-11-07 16:47:49] Murch : Is there a dev on? [2015-11-07 16:49:09] zanza : so its overreporting about 258x if they are using each quanto [2015-11-07 16:50:05] zanza : I wonder if bitmex will ever switch Quanto to `0.0001 ` from `0.00001 ` [2015-11-07 16:51:19] Murch : zanza: If the price of bitcoin increases in magnitude then they should only ever add 0s to that, right? [2015-11-07 16:51:57] zanza : mm, well its the difference between order 1000 instead of 10,000 [2015-11-07 16:52:31] zanza : so if most of the volume is over size of 10, then maybe they could consider it. Its just a techniccality/convience [2015-11-07 16:52:38] zanza : doesn't really effect anything [2015-11-07 16:53:16] Murch : It would certainly make things neater in the order book but it might reduce the diversity of the orders. Either way the numbers would be lower haha. [2015-11-07 16:53:41] zanza : yeah not a big deal at all [2015-11-07 16:54:38] Murch : If a dev comes on later, just wanna say I love being able to see and close orders on the chart. Amazing idea! [2015-11-07 16:54:50] BitMEX_Wally : Hello [2015-11-07 16:55:16] Murch : Hey, good job with all the improvements around here. Really noticing the difference. [2015-11-07 16:55:44] kogroken : Yes, it's actually quite practical. [2015-11-07 16:55:58] BitMEX_Wally : Thanks [2015-11-07 16:56:24] kogroken : Is there any way to show the Fair Price on the chart too? Would be interesting to see how it changes over time [2015-11-07 16:56:33] Murch : kogroken: it was the thing I was missing that I didn't know the solution to. [2015-11-07 16:56:43] BitMEX_Wally : kogroken: We have some changes planned regarding fairPrice and markPrice [2015-11-07 16:57:14] kogroken : ok [2015-11-07 17:13:27] habibi : Evening guys [2015-11-07 17:23:28] zanza : habibi: hi [2015-11-07 17:24:03] zanza : btw, what does BitMEX mean? anyone know [2015-11-07 17:24:17] zanza : all i can think of is Mexico [2015-11-07 17:24:41] SnackyCoins : Mercantile EXchange [2015-11-07 17:25:19] SnackyCoins : like NYMEX or COMEX [2015-11-07 17:26:35] BitMEX_Wally : BitMEX - Bitcoin Mercantile Exchange [2015-11-07 17:26:51] BitMEX_Wally : Maybe we should rebrand as BlockMEX [2015-11-07 17:26:56] SnackyCoins : lol [2015-11-07 17:26:59] BitMEX_Wally : And offer the first blockchain derivatives [2015-11-07 17:27:06] BitMEX_Wally : Our valuation would sky rocket [2015-11-07 17:27:13] SnackyCoins : #finMEX [2015-11-07 17:33:33] dorothy490 : BitMEX_Wally: can you plese check my account? I cant plaec a stop limit order for some reasons [2015-11-07 17:33:53] BitMEX_Wally : Sure, what error are you getting? [2015-11-07 17:34:03] dorothy490 : want to setup stop limit to buy 2521 if stop price wil become 386 by limit price 390 [2015-11-07 17:34:20] dorothy490 : executing at 390 will cause immidiate liqudation [2015-11-07 17:35:54] BitMEX_Wally : Ahh, I think this is getting rejected by the frontend not the trading engine [2015-11-07 17:35:59] BitMEX_Wally : We changed some of the risk checks [2015-11-07 17:36:06] dorothy490 : mmm [2015-11-07 17:36:30] TschavaTschigger : LOL @ blockMEX [2015-11-07 17:36:33] BitMEX_Wally : Let me try and place the order manually for you [2015-11-07 17:36:39] TschavaTschigger : bitcoin is dead.. long live the blockchain [2015-11-07 17:37:01] dorothy490 : perhaps I can do it if remove isolated margin but I dont want to [2015-11-07 17:37:28] dorothy490 : I have enough avaliable balance to be able to place it without unticking iso [2015-11-07 17:38:49] BitMEX_Wally : Yes, I think the issue is that you are short -2521 and have open buys order to buy 4800 contracts [2015-11-07 17:39:29] dorothy490 : could be thjat problem in that, but I should be able to do it despite of my open orders, right? [2015-11-07 17:39:31] BitMEX_Wally : This means that the stop order is treated as an order that is opening a position rather than closing one [2015-11-07 17:41:34] dorothy490 : so? [2015-11-07 17:41:57] BitMEX_Wally : Let me try submitting the order manually [2015-11-07 17:43:18] BitMEX_Wally : Ok you should see it [2015-11-07 17:43:30] dorothy490 : yeah [2015-11-07 17:43:33] BitMEX_Wally : The problem is the risk checks on the frontend, I will work with BitMEX_Sam to fix this [2015-11-07 17:43:41] dorothy490 : ok thanks [2015-11-07 18:26:54] dorothy490 : BitMEX_Wally: why I cant reduce margin on my isolated position? [2015-11-07 18:27:23] BitMEX_Wally : You can only take out what you put in, minus any losses [2015-11-07 18:30:48] BitMEX_Wally : dorothy490: It looks like a rounding issue. You can take out 0.19999998 but not 0.2 [2015-11-07 18:32:08] dorothy490 : I see, thanks [2015-11-07 18:32:32] dorothy490 : get my 0.0001 XBT back!!! [2015-11-07 18:32:39] dorothy490 : :kidding: [2015-11-07 18:56:08] zanza : has anyone tried the "bit delta one" product? [2015-11-07 18:58:55] dorothy490 : asked them for the beta access; would wait for results [2015-11-07 19:06:29] dorothy490 : zanza: though considering that their main page shows wrong volume for Bitmex I'm not really into trusting them much :) [2015-11-07 19:08:25] podizzler3k : i tried to register on bit delta one and i get 404 [2015-11-07 19:08:28] podizzler3k : pass [2015-11-07 19:24:41] zanza : they need to adjust volume for quantos, yeah i would never give them my password or anything [2015-11-07 19:26:53] zanza : i guess im too lazy to try that commandline bot, maybe i should give that a tr [2015-11-07 19:50:20] dorothy490 : BitMEX_Wally: do you have any excel file which could calculate various scenarios for entry/exist/liquidation? I created one but seems like my math is little off and its not counting for dynamic quanto values [2015-11-07 19:54:58] dorothy490 : need to backtest stuff before order exectution, that would help a lot [2015-11-07 20:01:38] hashman : is email confirm required for withdrawls? [2015-11-07 20:01:49] hashman : protonmail still down, can't get into my email [2015-11-07 20:02:26] hashman : looks like I can't change the email on my account here [2015-11-07 20:03:00] kendang : can anyone recommend any good books on trading? especially futures trading? [2015-11-07 20:03:08] hashman : http://www.forbes.com/sites/thomasbrewster/2015/11/05/protonmail-pays-to-stop-ddos/ [2015-11-07 20:10:37] jung1 : we are going backo to 300 [2015-11-07 20:12:30] habibi : back to slovenia ^^ [2015-11-07 20:21:38] TschavaTschigger : hashman: yeah email confirmation still required.. I messed up my withdrawal today because I forgot to confirm [2015-11-07 20:40:41] dorothy490 : фвьшты цруку фку нщг [2015-11-07 20:40:51] dorothy490 : admins where are you guys [2015-11-07 20:41:52] habibi : BitMEX_Wally: BitMEX_Sam here they are [2015-11-07 20:42:57] zanza : hashman: Bitcoin killer app? [2015-11-07 20:43:40] dorothy490 : I have pending orders for asks but at the same time I want to open an order via stop limit sell if price breaches X. I'm unable to do so cause system says it will result immidiate liquidation [2015-11-07 20:55:21] jung1 : https://www.cryptocoinsnews.com/imf-director-tells-banks-do-not-worry-about-bitcoin-blockchain/ [2015-11-07 21:10:10] TschavaTschigger : god markets are boring today [2015-11-07 21:18:11] zanza : does anyone think it would be cool to have an option to make orders, like limit `SPOT` * `.5%` so the order would be set so you could buy at -.5% XBT spot or something [2015-11-07 21:19:59] dorothy490 : why [2015-11-07 21:22:36] TschavaTschigger : zanza: sounds like a fun thing to add, but it doesn't add any new functionality. I guess it also makes the site more confusing for some people. Priority should definitely be on features that add functionality (like increasing leverage before opening a position instead of being forced to select cross margin) [2015-11-07 21:22:42] dorothy490 : bro who spammed asks with 111 - R U MAD? :) [2015-11-07 21:26:17] zanza : true @TschavaTschigger [2015-11-07 21:26:32] zanza : 222 lol [2015-11-07 21:26:44] floopfloop : dorothy490: me [2015-11-07 21:27:13] zanza : what is the point of that ? [2015-11-07 21:27:30] dorothy490 : floopfloop: I hope you got isolated margin with added margin enabled, otherwise EZ liquidation for ya [2015-11-07 21:27:50] floopfloop : dorothy490: negative [2015-11-07 21:28:07] floopfloop : i dont believe in isolated margin [2015-11-07 21:28:12] habibi : comeone bitmex, do sth funny, get some premium [2015-11-07 21:28:16] floopfloop : its against my religion [2015-11-07 21:28:48] dorothy490 : then you have open buy positions and want to get out, thats understandable [2015-11-07 21:29:06] floopfloop : dorothy490: I have a pony that needs to be fed [2015-11-07 21:29:11] floopfloop : I got it for xmas [2015-11-07 21:30:15] dorothy490 : fireworks! [2015-11-07 21:31:17] IChTj4OeMavRq6qeIyEb : Nice interface tweaks [2015-11-07 21:39:06] Murch : IChTj4OeMavRq6qeIyEb: yeah this exchange already feels perfect but I know it's gonna keep getting better. The closing orders on the chart is soooo useful. [2015-11-07 21:39:42] IChTj4OeMavRq6qeIyEb : Hey @Murch good to see you. I haven't tried the new chart features yet but I'll certainly take a look [2015-11-07 21:39:49] IChTj4OeMavRq6qeIyEb : How's your trading going? [2015-11-07 21:40:19] Murch : IChTj4OeMavRq6qeIyEb: Going alright, just started again yesterday when my withheld cleared. Had .015 left and it's up to about .03 right now. [2015-11-07 21:40:32] Murch : Good to talk to you again as well haha. :D [2015-11-07 21:40:54] Murch : How about yourself man? [2015-11-07 21:42:03] Murch : Look at the ridiculous premiums on the longer term contracts.. [2015-11-07 21:44:57] zanza : its not that high Murch, considering the time [2015-11-07 21:45:51] Murch : zanza: But during the previous run up those contracts always traded close to the mark price. [2015-11-07 21:46:10] Murch : I mean the premium of bitmex's bids. [2015-11-07 21:48:53] zanza : dorothy490: where do you find " added margin enabled" option ? [2015-11-07 21:50:40] Murch : zanza: if you have an isolated margin position, there will be a +B in the margin tab of your position. Click that. [2015-11-07 22:00:15] IChTj4OeMavRq6qeIyEb : Murch: Well you doubled your money. Well done. I'm up .5 BTC. Was up .8 but had a choppy day yesterday [2015-11-07 22:01:39] Murch : IChTj4OeMavRq6qeIyEb: well thanks haha, it does seem more encouraging that way. That's quite a lot though man nice job. I'm sure you're heading straight back to +1 profit soon. [2015-11-07 22:02:07] Murch : Yesterday and the day before were really weird [2015-11-07 22:02:29] Murch : But yesterday it did start heading up again, so I'm trying to buy dips again. [2015-11-07 22:04:20] IChTj4OeMavRq6qeIyEb : Murch: I think buy the dip is a good plan right now, although I think I'll wait on a break of this triangle we're in [2015-11-07 22:05:20] Murch : IChTj4OeMavRq6qeIyEb: That's probably the more sensible plan. I can still see this breaking down again randomly. [2015-11-07 22:09:24] IChTj4OeMavRq6qeIyEb : Murch: Yep I'm a bit concerned about that. I just lost out trading without a plan yesterday so I am trying to be patient and wait for better signals [2015-11-07 22:10:39] Murch : IChTj4OeMavRq6qeIyEb: That's fair. I honestly need to become more like that otherwise I get chopped up really badly sometimes. [2015-11-07 22:11:42] IChTj4OeMavRq6qeIyEb : Murch: I'd say that's my greatest weakness other than not being patient enough. So many times I've gotten scared and closed my trades within a few minutes at a loss when five minutes later it would be profitable again [2015-11-07 22:12:59] Murch : IChTj4OeMavRq6qeIyEb: Hmm yeah, although I do see the value in being cautious like you seem to be. [2015-11-07 22:13:50] Murch : My biggest weakness is when I start winning a lot, it gets to my head and my position sizing goes out the fcking window. [2015-11-07 22:14:50] Murch : Hmmm, this looks like it's going down actually [2015-11-07 22:14:51] Murch : Might be time to short [2015-11-07 22:15:31] IChTj4OeMavRq6qeIyEb : Murch: Haha that's definitely an issue too. I think I'm learning (slowly) to be more disciplined with trading. I hope so anyway [2015-11-07 22:15:42] habibi : yea, rebounce pretty small [2015-11-07 22:16:45] Murch : IChTj4OeMavRq6qeIyEb: The way I'm modulating it is I use cross margin and don't let the leverage on the account to go above 10. Gotta close some out if it gets there. [2015-11-07 22:17:46] zanza : volume is dead on all exchanges [2015-11-07 22:17:48] IChTj4OeMavRq6qeIyEb : Murch: That's a solid approach I think. I also think if you do win more there's nothing wrong with increasing position size a bit, but cutting it back when things get out of hand is important [2015-11-07 22:17:53] zanza : it is weekend though, no bank transfers [2015-11-07 22:18:18] IChTj4OeMavRq6qeIyEb : 6:18 AM in China. Please save us from the doldrums! [2015-11-07 22:18:20] Murch : IChTj4OeMavRq6qeIyEb: Yes exactly. [2015-11-07 22:19:11] Murch : It honestly might need to test 2400 again. [2015-11-07 22:27:14] IChTj4OeMavRq6qeIyEb : Murch: I hope not but I'm ruling out very little at this point [2015-11-07 22:28:50] Murch : IChTj4OeMavRq6qeIyEb: Well if it does, hopefully it will bounce back faster to resume uptrend. [2015-11-07 22:29:14] IChTj4OeMavRq6qeIyEb : Murch: True. I don't mind shorting either but it's better for my cold storage if the price goes up haha [2015-11-07 22:30:30] Murch : IChTj4OeMavRq6qeIyEb: True true, just gotta wait a bit, the rise was really fast this time so I'm hoping we're in for more parabolic shit soon. [2015-11-07 22:31:40] IChTj4OeMavRq6qeIyEb : Murch: Can't complain about parabolic as long as it's parabolic up. That would be fun [2015-11-07 22:32:06] Murch : IChTj4OeMavRq6qeIyEb: Of course hahaha [2015-11-07 22:32:18] hashman : need help to change my email addy on my account. (can't get in to protonmail for days). [2015-11-07 22:32:29] hashman : can't email support in this case [2015-11-07 22:32:53] hashman : except from a different account, of course. [2015-11-07 22:32:55] SnackyCoins : protonmail was underddos [2015-11-07 22:33:03] SnackyCoins : might be ok now? they paid ransom [2015-11-07 22:33:05] hashman : still down, all day today [2015-11-07 22:33:09] SnackyCoins : damn [2015-11-07 22:33:16] hashman : can't confirm withdrawl [2015-11-07 22:33:25] hashman : can't change email on bitmex acocunt [2015-11-07 22:33:29] hashman : sux [2015-11-07 22:33:56] IChTj4OeMavRq6qeIyEb : hashman: That's tough. I wonder if you could get an admin to change it for you [2015-11-07 22:34:02] IChTj4OeMavRq6qeIyEb : @BitMEX_Wally? [2015-11-07 22:34:13] hashman : yeah that's why I'm asking in here [2015-11-07 22:34:17] wendelmaques : Hi, can someone share a good link how buy/sell contracts works... I wold like to learn with examples. For example: what happen at expiry when you buy or sell XBT24H contracts. [2015-11-07 22:35:21] Murch : https://www.bitmex.com/app/lesson1 [2015-11-07 22:35:39] wendelmaques : nice, thanks. [2015-11-07 22:35:43] Murch : np [2015-11-07 22:36:10] IChTj4OeMavRq6qeIyEb : Even though it's sort of a complex system, BitMEX has such great documentation [2015-11-07 22:36:40] wendelmaques : yeah, but is hard to understand, it not like options. [2015-11-07 22:37:15] Murch : This is easier than options imo. [2015-11-07 22:37:25] Murch : All you gotta remember is buy low and sell high. [2015-11-07 22:37:37] Murch : Whatever the difference is, is what you keep. [2015-11-07 22:38:45] IChTj4OeMavRq6qeIyEb : Yeah I don't understand options at all, although I've never tried or had a reason to [2015-11-07 22:40:04] wendelmaques : Thanks Murch, but I want to use BitMEX to hedge with other exchanges, so I need to understated if I need to sell or buy at BitMEX to hedge right. [2015-11-07 22:40:40] IChTj4OeMavRq6qeIyEb : wendelmaques: You'll want to read about the XBU contracts for hedging I think [2015-11-07 22:40:56] Murch : wendelmaques: Ah okay you may want to just read through the faq and contract types then. [2015-11-07 22:40:56] IChTj4OeMavRq6qeIyEb : https://www.bitmex.com/app/seriesGuide/XBU [2015-11-07 22:45:02] IChTj4OeMavRq6qeIyEb : Been working on some TA: http://goo.gl/ubFQZm [2015-11-07 22:45:32] habibi : IChTj4OeMavRq6qeIyEb: +1 [2015-11-07 22:45:57] Murch : hahah [2015-11-07 22:46:12] Murch : Mmm this is what I like to see. [2015-11-07 22:49:46] podizzler3k : mmmm mmm mmmm [2015-11-07 22:49:47] podizzler3k : delicious [2015-11-07 22:49:57] IChTj4OeMavRq6qeIyEb : I agree [2015-11-07 22:50:11] podizzler3k : im not taking profits until 2650 tho [2015-11-07 22:50:14] podizzler3k : so lets make it happen [2015-11-07 22:50:15] IChTj4OeMavRq6qeIyEb : Glad I decided a long may be a good idea at the bottom of this. It's small but I can add to it if we break resistace [2015-11-07 22:50:19] IChTj4OeMavRq6qeIyEb : *resistance [2015-11-07 22:50:26] podizzler3k : i have to get to panama [2015-11-07 22:53:10] IChTj4OeMavRq6qeIyEb : podizzler3k: How's that going for you? [2015-11-07 22:53:19] podizzler3k : not good [2015-11-07 22:53:27] podizzler3k : http://imgur.com/ODmyE39 shes waiting for me and i cant get there [2015-11-07 22:53:56] IChTj4OeMavRq6qeIyEb : Serious or joking? [2015-11-07 22:54:35] podizzler3k : serious but if i cant scrounge together 4btc she will move on [2015-11-07 22:54:50] Murch : Hmmm [2015-11-07 22:54:52] podizzler3k : and i will have to go back to walmart to look for a girl [2015-11-07 22:55:09] Murch : Seems legit [2015-11-07 22:55:30] IChTj4OeMavRq6qeIyEb : Murch: :p [2015-11-07 22:55:40] podizzler3k : china must buy [2015-11-07 22:55:54] Murch : podizzler3k: no worries man, China got yo back [2015-11-07 22:56:04] podizzler3k : thx bro [2015-11-07 22:56:37] Murch : ye [2015-11-07 22:58:29] podizzler3k : now that im comfortable with bitmex im pretty happy with it [2015-11-07 22:58:46] podizzler3k : i like how they dont liquidate you if you get "kinda near" the liquidation price like okcoin [2015-11-07 22:59:17] podizzler3k : although i still would like a chart of fair price over time [2015-11-07 22:59:32] IChTj4OeMavRq6qeIyEb : podizzler3k: For sure. OKCoin is such a bucket shop it's not even funny. You can tell BitMEX tries really hard to be legit and focus on a solid service [2015-11-07 22:59:32] podizzler3k : working with some nerds to accomplish that atm [2015-11-07 23:00:00] podizzler3k : yep [2015-11-07 23:00:16] IChTj4OeMavRq6qeIyEb : podizzler3k: Nice. I wrote a Python script that updates the orderbook from websockets but I haven't done anything cool with that data yet [2015-11-07 23:00:52] IChTj4OeMavRq6qeIyEb : I'd like to show the return from closing the current position into the orderbook taking into account fees and such [2015-11-07 23:03:44] podizzler3k : coinigy keeps telling me they are gonna have some integration soon [2015-11-07 23:03:57] podizzler3k : will be interesting to see what they come up with [2015-11-07 23:04:14] IChTj4OeMavRq6qeIyEb : podizzler3k: That sounds interesting. I don't know much about coinigy [2015-11-07 23:08:56] podizzler3k : its mostly for charting and keeping track of balances but they have some good trading tools too http://imgur.com/AQ8YKV9 [2015-11-07 23:09:30] IChTj4OeMavRq6qeIyEb : Looks pretty useful. Thanks for the screenshot [2015-11-07 23:09:56] podizzler3k : yeah they have stop losses for sites that dont support stop loss, stuff like that [2015-11-07 23:10:18] podizzler3k : click on the chart to place an order. cool stuff [2015-11-07 23:11:03] IChTj4OeMavRq6qeIyEb : Nice! [2015-11-07 23:11:21] habibi : chart or orderbook? [2015-11-07 23:16:48] podizzler3k : both [2015-11-07 23:26:36] Murch : Shit, lower high [2015-11-07 23:28:24] IChTj4OeMavRq6qeIyEb : Murch: Still in consolidation I think. I did close my small long from the bottom of the range though [2015-11-07 23:28:46] IChTj4OeMavRq6qeIyEb : I should probably wait for breakout now if I don't want to get chopped [2015-11-07 23:29:39] Murch : IChTj4OeMavRq6qeIyEb: hmm yeah this is sketchy [2015-11-07 23:31:14] podizzler3k : this consolidation is excrutiating