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

<<  >>  English  中文  Русский  한국어  日本語  Español  Français 
[2015-05-08 13:18:30] BitMEX_Arthur : really
[2015-05-08 13:18:36] goat : yeah
[2015-05-08 13:18:36] BitMEX_Arthur : ok i'm going to do some more dd on them
[2015-05-08 13:18:43] goat : check their bitcoin talk thread
[2015-05-08 13:18:51] goat : its really informative
[2015-05-08 13:18:58] BitMEX_Arthur : what about a Bitcoin non farm payroll futures conract
[2015-05-08 13:19:02] BitMEX_Arthur : that would be pretty fun lol
[2015-05-08 13:19:05] goat : idk, thats too much for people
[2015-05-08 13:19:08] BitMEX_Arthur : haha
[2015-05-08 13:19:10] goat : they arent that much into it
[2015-05-08 13:19:17] goat : these people just want to scalp fx on 200x leverage lol
[2015-05-08 13:19:30] goat : idk what it is, btc traders love gold, oil and fx
[2015-05-08 13:19:42] BitMEX_Sam : They love risk
[2015-05-08 13:20:02] goat : yeah, that sounds about right
[2015-05-08 13:20:16] BitMEX_Sam : goat: What's your blog address?
[2015-05-08 13:20:27] goat : and on the flat btc days it gives you something to trade
[2015-05-08 13:20:28] BitMEX_Arthur : shitco.in
[2015-05-08 13:20:31] goat : lol yep :D
[2015-05-08 13:20:41] BitMEX_Sam : Ahahaha right. Great domain
[2015-05-08 13:20:51] BitMEX_Sam : Have you gotten offers on that yet?
[2015-05-08 13:20:56] goat : check out the domains for sale too
[2015-05-08 13:21:01] goat : there are other good ones that are for sale
[2015-05-08 13:21:06] goat : no offers, im not selling shitcoin
[2015-05-08 13:21:06] BitMEX_Sam : Hey, that blog template looks familiar
[2015-05-08 13:21:10] BitMEX_Sam : http://blog.bitmex.com
[2015-05-08 13:21:13] goat : hahaha i know, its standard wordpress
[2015-05-08 13:21:15] goat : i realized that yesterday
[2015-05-08 13:21:21] BitMEX_Sam : :) looks good on mobile, that's all I care about
[2015-05-08 13:21:23] BitMEX_Sam : It's readable.
[2015-05-08 13:21:24] goat : yep exactly
[2015-05-08 13:21:31] goat : and you dont have to do any css modification
[2015-05-08 13:21:49] BitMEX_Sam : Yep. I already have my hands full with this site. I don't really want to manage a custom blog template too
[2015-05-08 13:22:02] goat : yeah, exactly
[2015-05-08 13:22:10] BitMEX_Sam : Have you tried versionpress btw?
[2015-05-08 13:22:10] goat : i just want people to be able to read it lol
[2015-05-08 13:22:25] BitMEX_Sam : I don't know if you're a coder or not, but if you are, versionpress is a dream come true for wordpress blogs
[2015-05-08 13:22:37] goat : i haven't i should look into that
[2015-05-08 13:22:43] goat : im not a coder, but know basic stuff
[2015-05-08 13:22:47] BitMEX_Sam : It just git revisions your whole install
[2015-05-08 13:22:55] goat : i know html/css/some javascript etc
[2015-05-08 13:22:57] BitMEX_Sam : So any change you make to any setting is logged and can be reverted
[2015-05-08 13:23:02] goat : nice
[2015-05-08 13:23:05] goat : thats awesome
[2015-05-08 13:23:09] BitMEX_Sam : Super, super useful
[2015-05-08 13:23:13] goat : i will look int oit, writing it on my list right now
[2015-05-08 13:23:31] BitMEX_Sam : Unfortunately as far as I know it doesn't play well with complex plugins, but it doesn't look like you have any on shitco.in
[2015-05-08 13:23:38] goat : yeah, not using plugins
[2015-05-08 13:23:42] BitMEX_Sam : We don't on our blog so it's my tester for versionpress. So far so good
[2015-05-08 13:23:53] goat : ok sweet
[2015-05-08 13:23:57] goat : im definitely going to look this weekend
[2015-05-08 13:23:59] goat : thank you
[2015-05-08 13:24:05] BitMEX_Sam : Sure sure
[2015-05-08 13:24:11] goat : i gave bitmex a thanks for the shout out too
[2015-05-08 13:24:23] goat : and im going to be doing a post on bitmex and one on 1broker
[2015-05-08 13:24:33] goat : (and putting my referral links in them obvi)
[2015-05-08 13:24:55] BitMEX_Sam : Great
[2015-05-08 13:25:02] goat : but basically just talking about how btc traders have moved on to more complex/advanced things... and that if you are trading other securities it makes sense to hedge on bitmex for larger moves
[2015-05-08 13:25:07] BitMEX_Sam : That's always fair game
[2015-05-08 13:25:18] goat : so you dont have to be actively trading btc, but can make gains
[2015-05-08 13:25:23] goat : while you are trading other securities
[2015-05-08 13:25:33] BitMEX_Sam : Yeah that's our position. As biz around Bitcoin and the trading atmosphere matures, people are going to want to trade real products they can hedge with, not just gambling products
[2015-05-08 13:25:45] BitMEX_Sam : There's a place for both of course
[2015-05-08 13:25:49] goat : thats why im here lol
[2015-05-08 13:26:10] goat : i told arthur this... i do most of my trading on other exchanges but i know one day were going to wake up and btc will really be on the moon
[2015-05-08 13:26:15] goat : so i just hedge long here with you guys
[2015-05-08 13:26:31] goat : and as long as im making enough money trading elsewhere to keep those longs open, im happy
[2015-05-08 13:26:56] BitMEX_Sam : Right right
[2015-05-08 13:26:58] BitMEX_Sam : XBU or XBT?
[2015-05-08 13:27:09] goat : right now only holding U, but do buy T sometimes
[2015-05-08 13:27:37] BitMEX_Sam : XBT is better for going long, but generally trades at a premium for that reason
[2015-05-08 13:28:12] BitMEX_Sam : A lot of people don't think about how just holding Bitcoin is actually being long bitcoin
[2015-05-08 13:28:27] goat : i know, but thats my cold storage
[2015-05-08 13:28:28] BitMEX_Arthur : lol
[2015-05-08 13:28:28] BitMEX_Sam : And if you buy futures with that Bitcoin, you've levered your long quite a bit
[2015-05-08 13:28:30] goat : i dont touch that
[2015-05-08 13:28:55] goat : idk, i guess im a weirdo but i basically switched my base currency from usd to btc in my head
[2015-05-08 13:29:06] BitMEX_Sam : Ah you must interact with it quite a bit then
[2015-05-08 13:29:17] goat : so my btc in cold storage is my savings, and i only trade on 1broker because i can deposit/withdraw btc
[2015-05-08 13:29:34] BitMEX_Sam : Even though trading has slowed down I've found I can do more with my BTC lately
[2015-05-08 13:29:42] BitMEX_Sam : I actually bought phone credit when I was in Poland with BTC
[2015-05-08 13:29:51] goat : i do interact with it all day every day lol, and also just wanted to get into the habit because i know that i will be using things other than the USD in the future
[2015-05-08 13:29:53] BitMEX_Sam : couldn't believe it. just went to their website and it had a deposit address
[2015-05-08 13:30:15] goat : i saw that on reddit
[2015-05-08 13:30:19] goat : it looks awesome
[2015-05-08 13:30:29] goat : all my friends use btc too so it makes things easier
[2015-05-08 13:30:38] goat : we basically dont use usd to interact with each other
[2015-05-08 13:32:36] goat : i hope oil dumps here, i was waiting literally all day yesterday to enter a short
[2015-05-08 13:32:44] goat : finally got one in this morning
[2015-05-08 13:36:03] goat : ok brb time to get some work done :D
[2015-05-08 13:37:16] BitMEX_Arthur : If you're not trading on BitMEX ur not working :O
[2015-05-08 13:37:31] goat : hahahahaha
[2015-05-08 16:10:08] cengelandreasen : yea 1broker's CFDs are great. if you give people enough leverage, they hang themselves with it, you dont even need to get counterparties, you can take the other side of trade and make money
[2015-05-08 16:28:02] BitMEX_Arthur : Holy Batman a rally
[2015-05-08 16:45:40] kasman5 : has been looking bullish latley, lets see where this takes us
[2015-05-08 16:48:53] kasman5 : I'm targeting $260
[2015-05-08 16:56:06] BitMEX_Arthur : we can hope
[2015-05-08 16:56:48] cengelandreasen : my cold storage is happy but my hedges are not :D
[2015-05-08 17:21:49] cengelandreasen : net long anyway so i shouldnt complain
[2015-05-08 17:22:25] BitMEX_Sam : Are any of you guys interested in using PGP for comms with BitMEX? I'm rolling out PGP support to Testnet right now.
[2015-05-08 17:22:48] BitMEX_Sam : If you put your pubkey into your Account page, we'll have it on file for support communications, and it will be automatically used for all automated emails
[2015-05-08 18:21:28] cengelandreasen : yes i would be
[2015-05-08 18:21:54] cengelandreasen : but under My Account it does not show an area to put the public key ?
[2015-05-08 18:23:11] BitMEX_Arthur : right now only on https://testnet.bitmex.com it hasn't been rolled out to production yet
[2015-05-08 18:23:24] BitMEX_Arthur : if you have an account there you can try it out
[2015-05-08 18:28:20] cengelandreasen : yea it doesn't update properly i get error
[2015-05-08 18:30:18] cengelandreasen : okay nm i had to put the whole block
[2015-05-08 18:31:26] cengelandreasen : i recommend to make this textbox for pgp key larger so its more intuitive to provide like this
[2015-05-08 18:32:07] cengelandreasen : does this mean all emails will be sent with PGP encryption using my pub key ?
[2015-05-08 18:37:21] cengelandreasen : because im thinking how to test it :P
[2015-05-08 18:40:44] cengelandreasen : or what generates automated email on testnet
[2015-05-08 18:53:27] cengelandreasen : i know, ill do a forgot password thing
[2015-05-08 18:59:04] cengelandreasen : and will you store unencrypted version of the communication on server anyway ?
[2015-05-08 19:27:05] BitMEX_Sam : Sure, can make that textarea bigger
[2015-05-08 19:27:32] BitMEX_Sam : We don't store communications, no; these are just the automated event-based comms anyway, such as forgot password, deposit/withdrawal confirmations, margin call/liquidation notifications, and so on
[2015-05-08 19:27:51] BitMEX_Sam : You should have received a test email right away if you put your pgp key in.
[2015-05-08 19:28:06] BitMEX_Sam : I see an error though so it may not have sent. Just a moment
[2015-05-08 19:36:36] cengelandreasen : http://prntscr.com/7310rx
[2015-05-08 19:36:51] cengelandreasen : no public key associated with sig?
[2015-05-08 19:38:02] cengelandreasen : public cert rather
[2015-05-08 19:39:22] BitMEX_Sam : There's the key here - https://testnet.bitmex.com/app/security#communication-security
[2015-05-08 19:41:36] cengelandreasen : cool :) yea it works
[2015-05-08 19:46:42] BitMEX_Sam : Great!
[2015-05-09 08:34:59] cengelandreasen : random pump, any thoughts ?
[2015-05-09 08:35:15] cengelandreasen : quickly bounced back down to 245 but im not sure what to make of it
[2015-05-10 00:58:21] gaoMex : Arthur's premise that the price will continue down seems to be based on the point that the cost of a BTC for Chinese miners is $100-150 USD. This does not consider the demand side of the price.
[2015-05-10 01:01:44] gaoMex : Since the last bubble, we have seen developments on multiple fronts - record VC funding, new features on bitcoin core, new services and products from bitcoin companies, increased interests from banks, the granting of business charter to itBit from NY DFS.
[2015-05-10 01:02:57] BitMEX_Arthur : has any of that made u increase your bitcoin holdings?
[2015-05-10 01:04:08] gaoMex : Allow me to finish my story, if I may. I will answer your questions later. :)
[2015-05-10 01:07:27] gaoMex : The last 2 are of great significance IMO. 2 years ago, the perception was that governments and big banks are firmly against Bitcoin because it threatens their hold to power. With the granting of an approval by NY DFS and public interests by banks on bitcoin technology, they are at least telling people they will not stop bitcoin development.
[2015-05-10 01:09:54] gaoMex : If indeed this is their intention, this removes immediate obstacles facing bitcoin, which I argue will increase bitcoin adoption especially from institutions like hedge fund.
[2015-05-10 01:11:46] gaoMex : From demand side of things, this is hugely positive. For the price, it will be net positive if demand side overwhelms supply side. *End of story*
[2015-05-10 01:12:18] gaoMex : For the previous question, I have a hedge position for long.
[2015-05-10 01:24:36] BitMEX_Arthur : i've talked to many banks and big market makers and they won't be trading bitcoin any time soon
[2015-05-10 01:24:38] BitMEX_Arthur : it's way to illiquid
[2015-05-10 01:24:46] BitMEX_Arthur : they can't make enough money
[2015-05-10 01:24:56] BitMEX_Arthur : the DFS license, well i think other states are going to take issue with that charter
[2015-05-10 01:25:08] BitMEX_Arthur : there was a wired article a few days ago saying, California is like hold on a minute
[2015-05-10 01:25:16] BitMEX_Arthur : you might not be fully compliant yet
[2015-05-10 01:25:18] BitMEX_Arthur : so more of same
[2015-05-10 01:25:20] BitMEX_Arthur : imo
[2015-05-10 01:26:20] BitMEX_Arthur : banks and hedges funds doing give a shit about regulations, if they could make money trading bitcoin they would be doing it
[2015-05-10 01:26:57] BitMEX_Arthur : but i hope you're right
[2015-05-10 01:27:03] BitMEX_Arthur : a high bitcoin price is good for everyone
[2015-05-10 01:27:36] gaoMex : Yes, another point is that GBTC is already available and there will one more ETN listed in Sweden (next week I think)?
[2015-05-10 01:28:20] BitMEX_Arthur : the GBTC trading volume lifted the market this week, let's see if the price can break through $260
[2015-05-10 01:28:32] gaoMex : So this will make is easier for institutions to trade. I do take your point though that banks think bitcoin is illiquid right now.
[2015-05-10 01:28:58] BitMEX_Arthur : institutions don't trade pink sheet stocks, or ETN that carry credit risk of Bitcoin startups
[2015-05-10 01:29:05] BitMEX_Arthur : we need an ETF
[2015-05-10 01:29:14] BitMEX_Arthur : listed on a major global exchange
[2015-05-10 01:31:13] gaoMex : exciting times as usual in bitcoinland
[2015-05-10 01:31:29] BitMEX_Arthur : we need more excitement price volatility is down in the dumps
[2015-05-10 01:31:51] gaoMex : calm before the storm
[2015-05-10 01:32:26] gaoMex : there was an article in nytimes 2 weeks ago.
[2015-05-10 01:33:08] gaoMex : talking about bitcoin in Argentina. It also talked about Xapo CEO.
[2015-05-10 01:33:38] BitMEX_Arthur : nyt articles are great but we need to awaken greed in a lot more traders
[2015-05-10 01:33:48] BitMEX_Arthur : there is not get out of your char and rush to get some bitcoin narrative
[2015-05-10 01:34:03] BitMEX_Arthur : like cyprus, or china 2013 narrative
[2015-05-10 01:34:32] gaoMex : What caught my attention is that he intro bitcoin to his rich friends in SIlicon Valley and encouraged them to buy before the 2014 bubble.
[2015-05-10 01:34:51] gaoMex : From 2012-2014.
[2015-05-10 01:35:20] BitMEX_Arthur : i would be surprised if we break $300 this year, but i really hope my prognosis is incorrect
[2015-05-10 01:36:03] gaoMex : And he said that every time he told a rich friend, the price would go up.
[2015-05-10 01:36:26] gaoMex : Makes me wonder how much of the price rise is due to that. Haha.
[2015-05-10 01:39:11] gaoMex : We always assume that the price is determined by the market. By definition, this is true. But who are the participants in the market, given the lack of liquidity?
[2015-05-10 01:39:38] gaoMex : Like you mentioned, institutions are not interested right now.
[2015-05-10 01:39:54] BitMEX_Arthur : if i gave an interview to the NYT I would be spitting only bullish things
[2015-05-10 01:39:57] BitMEX_Arthur : as well
[2015-05-10 01:39:59] BitMEX_Arthur : you have to talk your book
[2015-05-10 01:40:02] BitMEX_Arthur : always all the time
[2015-05-10 01:40:43] BitMEX_Arthur : no matter what you actually believe, so to me any time a Bitcoin CEO gives an interview in a major publication you should discount his or her bullishness by a big margin
[2015-05-10 01:41:08] BitMEX_Arthur : cause they aren't speaking to the converted, but trying to get new blood in the game
[2015-05-10 01:43:14] gaoMex : I hope you are right.
[2015-05-10 01:43:58] BitMEX_Arthur : I don't smell greed yet, i smell hope
[2015-05-10 01:43:58] gaoMex : I do not want bitcoin to be controlled by the few rich in SIlicon Valley.
[2015-05-10 01:44:27] BitMEX_Arthur : it definitely won't they are all lemmings, most VC firms just like hedge funds lose money
[2015-05-10 01:44:34] BitMEX_Arthur : they aren't any smarter than anyone else
[2015-05-10 01:44:39] BitMEX_Arthur : they are just good at raising money
[2015-05-10 01:44:43] BitMEX_Arthur : from greater fools
[2015-05-10 01:45:10] BitMEX_Arthur : everyone is playing with someone else's money that's the beauty of the system
[2015-05-10 01:45:30] BitMEX_Arthur : teachers and police officers pension funds are what keep the capital markets greased
[2015-05-10 01:45:34] BitMEX_Arthur : and they don't even know it
[2015-05-10 01:46:42] gaoMex : How much bitcoin do you think one needs for retirement?
[2015-05-10 01:46:56] gaoMex : 100 BTC enough?
[2015-05-10 01:47:08] BitMEX_Arthur : i have no idea what the future value of Bitcoin will be
[2015-05-10 01:47:38] gaoMex : sceptical about the technlogy?
[2015-05-10 01:47:53] BitMEX_Arthur : no but you shouldn't be betting the farm in your retirement fund
[2015-05-10 01:48:07] BitMEX_Arthur : if you have the whearwithal passive stable income
[2015-05-10 01:48:23] BitMEX_Arthur : property, farmland stuff like that, that's what i wish i had in my retirement fund
[2015-05-10 01:48:52] gaoMex : I agree.
[2015-05-10 01:49:09] gaoMex : At this stage though, the risk-reward of bitcoin is high.
[2015-05-10 01:49:19] BitMEX_Arthur : definitely a great trade imo
[2015-05-10 01:49:22] BitMEX_Arthur : risk adjusted
[2015-05-10 01:50:21] gaoMex : So if one plans to invest in bitcoin for retirement, now is a great time. Not saying one should neglect other asset classes though.
[2015-05-10 01:53:49] BitMEX_Arthur : well if you see me on CNBC i'll def be singing that song
[2015-05-10 01:53:49] BitMEX_Arthur : :)
[2015-05-10 01:58:29] gaoMex : Make sure to post the video on Bitmex if you do.
[2015-05-10 02:03:37] BitMEX_Arthur : Always Be Closing
[2015-05-10 07:01:41] cengelandreasen : have you guys thought of putting a segregated deposit account that doesn't count towards margin?
[2015-05-10 07:02:14] cengelandreasen : so if say I want to have some funds ready to make a trade, but dont want those funds to contribute to existing margin, i can do an instant transfer from some segregated account into the wallet balance that would contribute to margin and allow open positions etc
[2015-05-10 07:02:40] cengelandreasen : would be useful at least in periods of extreme volatility
[2015-05-10 07:02:54] cengelandreasen : and then not having to wait 30 minutes to make a move by depositing from external address
[2015-05-11 12:51:39] BitMEX_Arthur : `BVOL24H` is now live
[2015-05-11 16:47:15] goat : BitMEX_Arthur: hola, i saw you guys made a few interface changes today... the site looks great
[2015-05-11 16:47:34] goat : is there any way we can manually add some tickers to our "open positions" tab if it is something we trade regularly
[2015-05-11 16:47:46] goat : even if we dont have an open position?
[2015-05-11 16:48:01] goat : if not, no issue at all.. it was just easier clicking right on the daily contract's name on that page
[2015-05-11 17:08:45] BitMEX_Arthur : so you want sort of a pick and mix?
[2015-05-11 17:10:17] goat : BitMEX_Arthur: i think the way you have it by default is good, just the ability to add a contract if you want
[2015-05-11 17:10:27] goat : the only one it really makes sense for is the daily one anyway
[2015-05-11 17:10:34] BTCVIX : whats up goat
[2015-05-11 17:10:38] goat : nothing much man
[2015-05-11 17:10:41] goat : just got some coffee
[2015-05-11 17:10:44] BitMEX_Arthur : haha
[2015-05-11 17:10:52] BTCVIX : havent open TV chat yet
[2015-05-11 17:10:56] BitMEX_Arthur : i just had a double espresso
[2015-05-11 17:10:59] goat : nice
[2015-05-11 17:11:04] BitMEX_Arthur : man coffee here in the us such bigger sizes
[2015-05-11 17:11:05] goat : its finally warm enough for iced coffee
[2015-05-11 17:11:09] BTCVIX : I am going to go make coffee
[2015-05-11 17:11:14] BTCVIX : it is trending
[2015-05-11 17:11:18] goat : haha but most in the us is garbage unless you go somewhere nice
[2015-05-11 17:11:23] BitMEX_Arthur : yeah it is
[2015-05-11 17:11:24] BitMEX_Arthur : like charcol
[2015-05-11 17:11:34] BitMEX_Arthur : i like my filtered single origin beans
[2015-05-11 17:11:38] BitMEX_Arthur : hard to find in buffalo lol
[2015-05-11 17:11:47] goat : one tiny cup of coffee in turkey made me more wired than anything in the us
[2015-05-11 17:11:54] BitMEX_Arthur : yeah new zealand
[2015-05-11 17:11:58] BitMEX_Arthur : has some killer coffee
[2015-05-11 17:12:03] BitMEX_Arthur : irish coffee after a day on the slopes
[2015-05-11 17:12:06] goat : do you have amazon prime in hk?
[2015-05-11 17:12:10] BitMEX_Arthur : nope
[2015-05-11 17:12:13] goat : shit, that sucks lol
[2015-05-11 17:12:16] goat : its so good for stuff like that
[2015-05-11 17:12:16] BitMEX_Arthur : haha
[2015-05-11 17:12:25] BitMEX_Arthur : yeah amazon is amazing here
[2015-05-11 17:12:30] BitMEX_Arthur : too bad they don't make any money
[2015-05-11 17:12:34] BitMEX_Arthur : but enjoy it while they are still around lol
[2015-05-11 17:12:35] BTCVIX : Arthur I have begun master BitMEX shill program
[2015-05-11 17:12:41] BTCVIX : now that aabtc is off on vacation
[2015-05-11 17:12:41] goat : i know they dont lol
[2015-05-11 17:12:43] BitMEX_Arthur : SHILL SHILL SHILL
[2015-05-11 17:12:44] goat : but im ok with that hahahah
[2015-05-11 17:12:48] BTCVIX : hehehe
[2015-05-11 17:13:17] BitMEX_Arthur : take the new BVOL product for a spin, i need to make some spreadsheets for people
[2015-05-11 17:13:25] BitMEX_Arthur : but it's quite whippy, fair value that is
[2015-05-11 17:13:34] goat : i have to read the documentation first lol
[2015-05-11 17:13:42] BTCVIX : Arthur did you get a chance to read my reddit post
[2015-05-11 17:13:45] BitMEX_Arthur : reading is for chumps ;)
[2015-05-11 17:13:51] BTCVIX : I really want to view this in TV format
[2015-05-11 17:13:59] BTCVIX : so I can feel how it moves
[2015-05-11 17:14:42] goat : i wonder if oil is going to complete this right shoulder
[2015-05-11 17:14:52] goat : i have been looking for a short entry all day
[2015-05-11 17:15:17] goat : https://dwq4do82y8xi7.cloudfront.net/x/0A42KC2B/
[2015-05-11 17:15:19] BitMEX_Arthur : so u want hv is historical vol?
[2015-05-11 17:15:36] BombaUcigasa : hi guys
[2015-05-11 17:15:43] BombaUcigasa : I like your color BTCVIX
[2015-05-11 17:17:34] BitMEX_Arthur : BTCVIX: can you not construct the chart how you would like inside BitMEX
[2015-05-11 17:17:35] BTCVIX : yes
[2015-05-11 17:17:39] BitMEX_Arthur : given we use TV charts?
[2015-05-11 17:17:45] BTCVIX : ummmm
[2015-05-11 17:17:52] BitMEX_Arthur : or do you want the underlying index to be chartable as well?
[2015-05-11 17:17:56] BitMEX_Arthur : cause right now it isn't
[2015-05-11 17:18:03] BitMEX_Arthur : but i recognise that needs to happen
[2015-05-11 17:20:44] BTCVIX : so pipfoundry is making indicator right now
[2015-05-11 17:20:53] BTCVIX : with the calculation you have listed
[2015-05-11 17:21:08] BTCVIX : so I can throw that on 5 min bitfinex
[2015-05-11 17:21:13] BTCVIX : I understand what you are saying though
[2015-05-11 17:21:29] BTCVIX : because the security could get away from the index at times correct
[2015-05-11 17:21:45] BitMEX_Arthur : so we do have a live ticking index `.XBT_5M` that is Bitfinex snapped every five minutes
[2015-05-11 17:21:53] BitMEX_Arthur : we just don't have that chartable yet internally
[2015-05-11 17:22:02] BTCVIX : gotcha
[2015-05-11 17:22:21] BitMEX_Arthur : but good to know what u guys want so we can prioritise
[2015-05-11 17:23:30] BTCVIX : btw athur I will never say xbt
[2015-05-11 17:23:33] BTCVIX : lol
[2015-05-11 17:23:38] BitMEX_Arthur : i know
[2015-05-11 17:23:39] BTCVIX : I just can't bring myself to do it
[2015-05-11 17:23:45] BitMEX_Arthur : that battle will be eternal
[2015-05-11 17:23:45] BTCVIX : I am like morally opposed
[2015-05-11 17:23:47] MrHodl : ^ true story
[2015-05-11 17:23:48] BitMEX_Arthur : haha
[2015-05-11 17:24:20] BitMEX_Arthur : i use `BTC` casually but `XBT` in an official capacity
[2015-05-11 17:25:25] BitMEX_Arthur : Do you guys like pricing spreadsheets are they useful to you at all?
[2015-05-11 17:25:47] BTCVIX : well they are useful if there is literally nothing else to go off
[2015-05-11 17:26:04] BTCVIX : but hopefully pip gets this indicator out with your calculation inputs
[2015-05-11 17:26:14] BTCVIX : then we can just slap it on 5 minute bfx on tv
[2015-05-11 17:26:20] BTCVIX : that is way better IMO
[2015-05-11 17:26:42] BitMEX_Arthur : ok i am going to look into getting all our BitMEX indices published
[2015-05-11 17:26:50] BitMEX_Arthur : prob way more useful to u guys
[2015-05-11 17:27:18] CryptoGoon : lol
[2015-05-11 17:28:18] BTCVIX : yeah I mean -- I think what is happening at this point people come on and they don't have ability to visualize on chart and back test
[2015-05-11 17:28:29] BTCVIX : some people literally brand new to VOL
[2015-05-11 17:28:36] BTCVIX : so new concept to grasp entirely
[2015-05-11 17:29:29] BombaUcigasa : It's a nice addition to the bitcoin instruments
[2015-05-11 17:29:52] BitMEX_Arthur : ok i think i know what we need, a chart that shows the 5-min snapped index, vs. the implied fair price based on those snaps
[2015-05-11 17:29:53] BombaUcigasa : if I can't make money with delta hedging, I can short the volatility index
[2015-05-11 17:29:55] BitMEX_Arthur : in a moving graph
[2015-05-11 17:31:13] BTCVIX : so like an index vs futures
[2015-05-11 17:31:25] BitMEX_Arthur : right
[2015-05-11 17:31:35] BTCVIX : are you calling implied VOL what is the actual prices that are trading
[2015-05-11 17:31:53] BitMEX_Arthur : it's not implied it will be the historical vol of the relevant snapped prices
[2015-05-11 17:32:10] BTCVIX : oh I see
[2015-05-11 17:32:46] BitMEX_Arthur : i've built it in spreadsheet form, but i would be way more useful right on the front end
[2015-05-11 17:33:18] BTCVIX : also on a complete side note -- I have come to the conclusion that the idea of having charts on the order entry screen is NOT the way to go even though logically and intuitively it seems to make sense
[2015-05-11 17:33:27] BTCVIX : but that might a whole different discussion
[2015-05-11 17:49:33] cengelandreasen : would a 1W BVOL contract be too flat and uninteresting? what does the FV reaction look like? 24HR just seems too short for me
[2015-05-11 17:50:49] BTCVIX : yeah I with you cengel
[2015-05-11 17:50:54] BTCVIX : would like 1w
[2015-05-11 17:53:37] cengelandreasen : either that or to allow rollovers day to day avoiding the spread (not legging into it, would be too expensive oer time)
[2015-05-11 18:07:33] BTCVIX : ok Arthur
[2015-05-11 18:07:39] BTCVIX : so pip finished his indicator
[2015-05-11 18:07:40] BTCVIX : https://www.tradingview.com/chart/idDmeWfv/#
[2015-05-11 18:07:49] BTCVIX : you should be able to grab it off that chart
[2015-05-11 18:08:04] BTCVIX : not sure how to match it up with current price
[2015-05-11 18:08:05] BTCVIX : etc
[2015-05-11 18:08:38] cengelandreasen : That's rolling 1-day chart of BVOL using Bmex formula ?
[2015-05-11 18:09:22] cengelandreasen : That's cool, very useful, i was just thinking to do that LOL
[2015-05-11 18:09:25] BTCVIX : well pip just took the formula off of here
[2015-05-11 18:09:49] cengelandreasen : who?
[2015-05-11 18:10:01] cengelandreasen : I only know Sam and Arthur and a couple of the other regs
[2015-05-11 18:11:25] BTCVIX : pip is from whaleclub teamspeak
[2015-05-11 18:11:36] BTCVIX : coder over at trading view
[2015-05-11 18:11:38] cengelandreasen : whaleclub?
[2015-05-11 18:11:46] BTCVIX : yeah the teamspeak channel
[2015-05-11 18:11:51] BTCVIX : ts.whaleclub.io
[2015-05-11 18:11:56] cengelandreasen : It's about gaming?
[2015-05-11 18:11:59] BTCVIX : that is the server
[2015-05-11 18:12:02] BTCVIX : no lol
[2015-05-11 18:12:09] BTCVIX : it is all BTC trading
[2015-05-11 18:12:24] BTCVIX : http://www.coindesk.com/inside-whale-club-the-trading-room-that-loves-bitcoin-price-declines/
[2015-05-11 18:12:38] SnackyCoins : #shill4lyfe
[2015-05-11 18:12:48] cengelandreasen : interesting, but i have only a few hundred coins i am not a "whale" :[
[2015-05-11 18:12:56] cengelandreasen : how much does it cost to join?
[2015-05-11 18:13:04] SnackyCoins : 500 btc minimum
[2015-05-11 18:13:10] cengelandreasen : well i have that
[2015-05-11 18:13:22] cengelandreasen : do i have to sign using single wallet though?
[2015-05-11 18:13:24] SnackyCoins : i'm kidding it's free
[2015-05-11 18:13:40] SnackyCoins : just show up it's basically a slightly more mature 4chan.org/biz/
[2015-05-11 18:13:54] BTCVIX : yeah we are just trolling you man -- it is completely free
[2015-05-11 18:14:16] BTCVIX : just you have to sign up with other two referral links to other sites first cengel
[2015-05-11 18:14:20] BTCVIX : :)
[2015-05-11 18:14:47] cengelandreasen : well I was in a different group where everyone had to prove minimum holding so i thought it was a private group like that
[2015-05-11 18:15:02] BTCVIX : do you trade on 1broker cengel https://1broker.com/m/r.php?i=2533
[2015-05-11 18:15:04] cengelandreasen : but now im reading this Coindesk i see it's a fun place public
[2015-05-11 18:15:06] SnackyCoins : /r/dogeillionares
[2015-05-11 18:15:23] cengelandreasen : i'm not familiar with 1broker no
[2015-05-11 18:15:30] BTCVIX : I have told Arthur he needs to do a more than 200x EURUSD product
[2015-05-11 18:15:44] SnackyCoins : https://1broker.com/m/r.php?i=2758
[2015-05-11 18:15:51] SnackyCoins : long/shot forex/commodities with btc
[2015-05-11 18:15:52] BTCVIX : snacky go away lol
[2015-05-11 18:15:56] cengelandreasen : oh wait yes this one i know, the CFD site
[2015-05-11 18:16:01] BTCVIX : https://1broker.com/m/r.php?i=2533
[2015-05-11 18:16:07] SnackyCoins : you brought me here ;)
[2015-05-11 18:16:21] BTCVIX : lol
[2015-05-11 18:16:29] BTCVIX : I think he clicked on mine btw
[2015-05-11 18:16:45] cengelandreasen : I'm not much of a gambler I have fiat investments with a more traditional broker
[2015-05-11 18:16:51] BTCVIX : but yeah depending where you are in the world it can be nice
[2015-05-11 18:16:52] cengelandreasen : 200x is a bit much for me
[2015-05-11 18:17:03] BTCVIX : yeah I hear you cengel
[2015-05-11 18:17:08] SnackyCoins : i am only a retail shill, can't compete with shillmaker vix ;)
[2015-05-11 18:17:24] BTCVIX : I am not a big fan of private paid rooms -- IMO most of them are scammers
[2015-05-11 18:17:38] BTCVIX : pretending to actually have value
[2015-05-11 18:17:51] BTCVIX : we have a pretty strong following in WC
[2015-05-11 18:17:52] SnackyCoins : (you don't HAVE to turn the slider up to 200x... just so hard not to)
[2015-05-11 18:17:53] cengelandreasen : I've heard lots of stories from friends about those kinds of groups, I never got involved
[2015-05-11 18:18:02] cengelandreasen : but private groups requiring proof of holding, i have been in a few of those
[2015-05-11 18:18:05] BTCVIX : btcdrak actualadvicebtc
[2015-05-11 18:18:10] BTCVIX : all the regs are here
[2015-05-11 18:18:11] cengelandreasen : i know drak
[2015-05-11 18:18:17] BTCVIX : you just have to put up with our hazing
[2015-05-11 18:18:20] BTCVIX : heehehhe
[2015-05-11 18:18:36] cengelandreasen : speaking of people who join private paid groups :)
[2015-05-11 18:18:54] cengelandreasen : or maybe i should hold my tongue
[2015-05-11 18:19:10] BTCVIX : lol I know drak and aabtc pretty well
[2015-05-11 18:19:34] BTCVIX : they love their altcoins
[2015-05-11 18:20:01] cengelandreasen : i think there's a lot of people who chase the days of 2013 in form of altcoins
[2015-05-11 18:20:33] BTCVIX : yeah
[2015-05-11 18:20:38] BTCVIX : we need margin on alts
[2015-05-11 18:20:45] BTCVIX : need to get the people that want to short them in
[2015-05-11 18:21:24] cengelandreasen : well it's easy to set up, but altcoin volatility is a lot, so the btc swaps using that collateral would be a tough sell
[2015-05-11 18:22:06] BTCVIX : not the btc swaps
[2015-05-11 18:22:11] BTCVIX : but the altcoin swaps
[2015-05-11 18:22:29] cengelandreasen : the same problem happens though, a lot of them would go bad with collateral not covering in heavy vol
[2015-05-11 18:22:30] BTCVIX : it really jsut needs to be put out in the wild and see what happens
[2015-05-11 18:22:42] BTCVIX : yeah that can happen
[2015-05-11 18:23:09] BTCVIX : but still it needs to be put out into the wild
[2015-05-11 18:23:11] cengelandreasen : btc is pretty volatile on its own, but at this point nobody really thinks it's going to be worthless anytime soon, there's some kind of floor around 100 or so
[2015-05-11 18:23:31] cengelandreasen : Arthur is pretty bearish on BTC in general, i can't imagine what he thinks of altcoins
[2015-05-11 18:24:30] cengelandreasen : what was the point i was trying to make? oh yea, so when you have small cap altcoins being manipulated, its too easy for the swaps used to provide liquidity to trade on margin to go bad, it would be quite chaotic
[2015-05-11 18:24:52] BTCVIX : I think there needs to be more active management with margin on alts -- the large cap alts should be alright but the pumps need to be listed and then delisted
[2015-05-11 18:25:09] BTCVIX : not just add the 80 coins that are on some of these exchanges and expect risk management to work
[2015-05-11 18:25:38] BTCVIX : but you are just making a projection on something that hasn't been tried cengel
[2015-05-11 18:25:44] BTCVIX : it needs to be hashed out
[2015-05-11 18:26:06] BTCVIX : and I don't every shitcoin in existance with zero volume needs margin trading
[2015-05-11 18:26:11] BTCVIX : we are talking as traders here
[2015-05-11 18:26:17] cengelandreasen : sure it is just my thoughts maybe I am wrong. my interest is not so great in altcoins
[2015-05-11 18:26:23] BTCVIX : not some actual viable product
[2015-05-11 18:26:40] BitMEX_Arthur : i think DASH might work
[2015-05-11 18:26:48] BitMEX_Arthur : we are ready to list it once, we see enough trader demand
[2015-05-11 18:27:36] cengelandreasen : Arthur, what about longer-dated BVOL contracts >24H ? Don't know if you saw that in the scroll
[2015-05-11 18:28:02] BitMEX_Arthur : we used to have monthly
[2015-05-11 18:28:06] BitMEX_Arthur : that wasn't popular
[2015-05-11 18:28:09] BitMEX_Arthur : too long dated
[2015-05-11 18:28:16] cengelandreasen : Yea I threw out 1W as an ideal period
[2015-05-11 18:28:26] BitMEX_Arthur : yeah people are saying weekly
[2015-05-11 18:28:28] cengelandreasen : 24H just seems too short unless it can be rolled over for a fee < spread day to day
[2015-05-11 18:28:41] BTCVIX : +1
[2015-05-11 18:28:51] BitMEX_Arthur : well the good thing about daily is u can profit off the bursts of trading quite easily
[2015-05-11 18:29:02] BitMEX_Arthur : i guess we need to find what's most intuitive
[2015-05-11 18:29:17] BTCVIX : also arthur here is what pip came up with
[2015-05-11 18:29:17] BTCVIX : https://www.tradingview.com/chart/idDmeWfv/#
[2015-05-11 18:29:27] BTCVIX : you should be able to get the indicator off there
[2015-05-11 18:29:49] BTCVIX : on 5 minute chart it has HV at 2.1 though
[2015-05-11 18:29:56] BitMEX_Arthur : yeah a bit low
[2015-05-11 18:30:08] BitMEX_Arthur : i'm going to do some investigation into creating a trading view chart
[2015-05-11 18:30:09] BitMEX_Arthur : for this
[2015-05-11 18:30:15] BitMEX_Arthur : with our indices so it's super easy for everyone
[2015-05-11 18:30:41] BTCVIX : k
[2015-05-11 18:37:12] cengelandreasen : that would be cool
[2015-05-11 18:40:02] BitMEX_Arthur : most likely we will get Bifinex every 5 minutes vs. indicative settlement
[2015-05-11 18:41:15] BitMEX_Arthur : and have that someone on the front end
[2015-05-11 18:44:58] BTCVIX : time for the gym -- will shill later lol -- but seriously Arhur I like this direction here
[2015-05-11 18:45:10] BTCVIX : think the level of risk appetite is there
[2015-05-11 18:45:25] BitMEX_Arthur : that's what i like to hear, bitcoin traders have cajones
[2015-05-11 18:45:35] BitMEX_Arthur : we want to channel that in a constructive way
[2015-05-11 18:45:54] BTCVIX : :D
[2015-05-11 19:11:36] Burrmarket : So here is a quick little indicator for TradingView that should be used on the 5 minute finex chart. It will return the current calculated BVOL24H index http://pastebin.com/S3bta4dt#
[2015-05-11 19:35:22] BitMEX_Arthur : that looks great
[2015-05-11 19:48:36] BitMEX_Arthur : https://www.tradingview.com/x/gPR2qOMB/
[2015-05-11 20:33:56] cengelandreasen : Federal Reserve Bank of San Francisco President John Williams told a television channel Monday that the U.S. central bank is unlikely to provide much warning ahead of an increase in short-term interest rates.
[2015-05-11 20:34:12] BitMEX_Arthur : i find that surprising
[2015-05-11 20:34:28] BitMEX_Arthur : is he a voting member?
[2015-05-11 20:50:49] cengelandreasen : http://www.federalreserve.gov/monetarypolicy/fomc.htm
[2015-05-11 20:50:50] cengelandreasen : yep
[2015-05-11 20:50:57] cengelandreasen : http://on.wsj.com/1EwJAjs
[2015-05-11 20:51:33] cengelandreasen : ES down afterhours. If the likelihood of shock is higher because they won't offer guidance i think it makes people bearish in general
[2015-05-11 21:38:37] Burrmarket : Thanks Arthur! I'd love to fix the arrays to not be dependent on a fixed timeframe....recursion in pine...
[2015-05-12 02:30:57] Swedishnut : Nice platform :)
[2015-05-12 02:31:05] BitMEX_Arthur : Thanks :)
[2015-05-12 02:35:15] chrisxbt : I'm not sure whether trading the 7 day VOL would be better
[2015-05-12 02:36:06] chrisxbt : but here is one suggestion I have, maybe you could have longer timeframe contracts for the BVOL24
[2015-05-12 02:36:27] BitMEX_Arthur : what do you mean?
[2015-05-12 02:38:30] chrisxbt : Something with a longer expiry but its settles on BVOL24
[2015-05-12 02:39:02] chrisxbt : settles using BVOL24 index
[2015-05-12 02:41:13] BitMEX_Arthur : meaning a bit of forward looking aspect?
[2015-05-12 02:43:29] chrisxbt : yeah a forward looking contract, But maybe that should be implemented on a weekly if you think the weekly index is better suited for trading
[2015-05-12 02:45:03] BitMEX_Arthur : We aren't sold on weekly vs. daily yet
[2015-05-12 02:45:11] BitMEX_Arthur : I think the shorter dated is more market maker friendly
[2015-05-12 02:45:28] BitMEX_Arthur : So if we attract enough two way mm that will make it a better product
[2015-05-12 02:48:12] chrisxbt : yeah, forward looking contracts sound nice but I'm not sure if people will trade them. Since they're actually not grounded in anything. (Unlike options based VIX)
[2015-05-12 02:49:49] BitMEX_Arthur : right
[2015-05-12 02:49:55] BitMEX_Arthur : that's what we found with the monthly one
[2015-05-12 02:49:58] BitMEX_Arthur : it's too abstract
[2015-05-12 02:54:52] chrisxbt : hm bid side just disappeared.
[2015-05-12 03:06:19] BitMEX_Wally : chrisxbt: Should be back now, the market maker was re-adjusting
[2015-05-12 04:49:56] chrisxbt : what's the point of a 50% initial margin and 40% maintenance margin?
[2015-05-12 04:53:15] BitMEX_Wally : It means there can be a 10% move before you are liquidated
[2015-05-12 04:57:50] chrisxbt : that's crazy
[2015-05-12 04:58:36] chrisxbt : good thing I'm not using max leverage
[2015-05-12 04:59:27] BitMEX_Wally : We will be reducing the maintenance margin requirements for some of our products in line with risk modelling soon.
[2015-05-12 12:05:56] chrisxbt : When I mouseover BVOL24H Index on the historical index page, the mouseover text is wrong
[2015-05-12 12:28:12] BitMEX_Wally : chrisxbt: Well spotted, thanks for pointing that out
[2015-05-12 16:27:08] cengelandreasen : https://tradeblock.com/markets/igsc/xbt-usd/1h/
[2015-05-12 16:27:36] cengelandreasen : hm how are they computing the NAV per share, it shows a BTC/USD that is basically at spot , but market value $50
[2015-05-12 16:42:51] cengelandreasen : nm that must be for BIT not GBTC
[2015-05-12 17:48:50] BombaUcigasa : hello
[2015-05-12 17:48:57] BombaUcigasa : hi there
[2015-05-12 17:49:01] BombaUcigasa : excellent!
[2015-05-12 17:49:08] BombaUcigasa : indeed :)
[2015-05-12 18:01:16] BitMEX_Sam : Hey BombaUcigasa - I see you've discovered our IRC support
[2015-05-12 18:01:56] BombaUcigasa : the little IRC text near "Trollbox" gave it away ;0
[2015-05-12 18:02:56] BitMEX_Sam : Yes, we want users to be aware that names can be masqueraded via IRC
[2015-05-12 18:07:05] BitMEX_Sam : If you guys have an appetite for risk, BVOL24H is trading quite high right now - https://www.tradingview.com/chart/SMJEhYRR/
[2015-05-12 18:15:28] cengelandreasen : hi Sam can you confirm this value is reliable/accurate reflection of settlement fair value ?
[2015-05-12 18:17:44] BitMEX_Sam : It appears to have some bugs in time intervals other than 5 minutes
[2015-05-12 18:19:42] BitMEX_Sam : and I am investigating what looks like a rounding error, but values are generally within 1% of our settlements
[2015-05-12 18:20:14] BitMEX_Sam : If you set your chart to GMT and look at our settlements as recorded on https://www.bitmex.com/app/index/.BVOL24H and look at 12 GMT every day, it lines up
[2015-05-12 18:23:10] cengelandreasen : yea i just want to hear it from you :)
[2015-05-12 18:24:08] BitMEX_Sam : I'm still running through it and making edits. For now take it with a grain of salt until we make an official script, but overall it's okay when used in 5 minute resolution
[2015-05-12 18:30:10] chrisxbt : I find BVOL24H to be quite similar to trading Binary options
[2015-05-12 18:30:46] chrisxbt : It's sort of about probabilities
[2015-05-12 18:31:31] cengelandreasen : yea you can't use it really as a hedge
[2015-05-12 18:31:34] cengelandreasen : on such a short timeframe
[2015-05-12 18:36:02] BitMEX_Sam : Definitely, it's not a hedging product
[2015-05-12 18:36:18] BitMEX_Sam : If we launch a 7D it may be useful for those purposes
[2015-05-12 18:37:04] chrisxbt : you could 'hedge' your futures contract. Or you could collect premium like a covered call. You just need to pick the direction right.
[2015-05-12 18:42:50] chrisxbt : I wonder if you could hedge this with out of the money binary options.
[2015-05-12 18:45:35] cengelandreasen : 7D would be good
[2015-05-12 18:53:36] chrisxbt : (you can't hedge binary options) but it means their pricing models are linked
[2015-05-12 20:46:53] chrisxbt : quite big spreads currently
[2015-05-12 20:50:26] cengelandreasen : y
[2015-05-12 20:50:32] cengelandreasen : yea thats how it is in start
[2015-05-12 20:50:51] BitMEX_Sam : Yeah, it'll pick up as traders get used to it
[2015-05-12 20:51:02] BitMEX_Sam : I'm working on getting the underlying indicators on the chart
[2015-05-12 20:51:04] cengelandreasen : but its daily so it will settle enough
[2015-05-12 20:51:42] cengelandreasen : yea i think if there is a clear fair value indicated people will not hesitate to trade as much
[2015-05-12 20:55:35] BitMEX_Sam : Yeah. We're working on getting intermediate values to publish from the engine so we can just graph them directly rather than having to use Pinescript
[2015-05-12 20:55:45] BitMEX_Sam : Pinescript has some very strange issues when you choose alternative time intervals
[2015-05-12 21:36:21] chrisxbt : yeah pinescript has some limitations
[2015-05-12 21:36:50] BTCVIX : the only think is I still want them on my TV charts
[2015-05-12 21:37:06] BitMEX_Sam : I agree, doing what we can
[2015-05-12 21:37:07] BTCVIX : something for me to keep tabs on and then come over to MEX and place trades