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<< >> English 中文 Русский 한국어 日本語 Español Français [2015-12-22 16:02:35] habibi : BitMEX_Wally: how accurate is open interest info on 24h? [2015-12-22 16:04:29] BitMEX_Wally : habibi: It is updated in real time [2015-12-22 16:05:08] habibi : after settlement i opened 6k short, open interest was 7k [2015-12-22 16:05:23] habibi : should'nt it be 12k at least? [2015-12-22 16:05:34] BitMEX_Wally : No [2015-12-22 16:05:48] BitMEX_Wally : Total shorts were 6k + 1k = 7h [2015-12-22 16:05:52] chromaticcr : @jung us should chop off internet access to fix the piracy issue with crypto issue tgt. 2 birds 1 stone! [2015-12-22 16:05:52] BitMEX_Wally : Total longs were 7k? [2015-12-22 16:06:01] habibi : ah k [2015-12-22 16:07:48] BitMEX_Wally : I'm sure some Chinese exchanges would love to double count open interest... [2015-12-22 16:07:55] BitMEX_Wally : Like they do with trading volume [2015-12-22 16:08:09] habibi : true [2015-12-22 16:08:18] habibi : 1 sell- 2 btc volume coz 1 buy and 1 sell lel [2015-12-22 16:09:47] BitMEX_Sam : http://cdn.meme.am/instances/64744021.jpg [2015-12-22 16:10:21] gielbier : aliens [2015-12-22 16:10:52] BitMEX_Wally : Aliens did that to his hair? [2015-12-22 16:11:00] TschavaTschigger : they should triple count volume... 100 btc get sold, 100 btc bought, and that all with a trade of 100btc size [2015-12-22 16:11:13] TschavaTschigger : = 300 btc [2015-12-22 16:11:42] chromaticcr : make a forloop for it to multiply, no fee anyway [2015-12-22 16:12:09] chromaticcr : they rob users with 0.1%/day Bitcoin loans, jesus christ... [2015-12-22 16:12:16] BitMEX_Wally : Maybe we should treat margin trading the same as fractional reserve banking [2015-12-22 16:12:49] BitMEX_Wally : 10% reserve requirement means $100 deposit and you can lend out $90 [2015-12-22 16:13:02] chromaticcr : 0.1%/day paperBitcoin*, dump some number in the bank (exchange) just like the fed [2015-12-22 16:13:05] BitMEX_Wally : That $90 is then deposited with your own bank so you can lend out $81.... [2015-12-22 16:14:09] habibi : basically with 1k usd banks can lend up to 35k-40k usd depends on % they use [2015-12-22 16:14:48] BitMEX_Wally : 100 90 81 72 64 57 51 45 40 36 32 28 25 22 19 17 15 13 11 9 8 7 6 5 4 3 2 1 so in total you have $900 in 'deposits' from $100 real deposit [2015-12-22 16:15:28] habibi : BitMEX_Wally: but then u borrow that money to another bank, another bank borrow people again, people put that money again in bank, bank again borrow from this money futher [2015-12-22 16:15:28] gielbier : BitMEX_Wally: donno you tell me http://i.imgur.com/GMuRhL1.jpg [2015-12-22 16:16:03] BitMEX_Wally : habibi: Well, if everyone has the same reserve requirement then the leverage is still only 1 / req [2015-12-22 16:16:21] BitMEX_Wally : habibi: It does not matter if you put the loan into your own bank or another bank [2015-12-22 16:37:33] rapidtrades : the reverse requirement says that you have to keep a certain % of deposits in cash, so that ppl can withdraw at any time...it doesn't mean that you can multiple that money and lend out XXX [2015-12-22 16:46:53] BitMEX_Wally : rapidtrades: Yes, you cannot lend out more than you have. But once you lend out what you do have, and it gets deposited at your own bank.... you can then lend it out. Hence this multiplicative effect [2015-12-22 16:48:52] thehawthorne : you can lend out more than you have. just make people believe you have more than you have. ;-) [2015-12-22 18:34:42] rapidtrades : BitMEX_Wally: that doesn't make sense [2015-12-22 18:35:20] zanza : i have a bnch of tabs open in Firefox becomes VERY slow [2015-12-22 18:35:32] rapidtrades : me too [2015-12-22 18:35:34] zanza : i have a bnch of tabs open in Firefox becomes VERY slow [2015-12-22 18:35:45] rapidtrades : wait no I have only 4 [2015-12-22 18:35:48] zanza : its not my CPU or memory (since i have extra memory) [2015-12-22 18:36:07] rapidtrades : yeah..are u on bitfinex? they changed the interface [2015-12-22 18:36:19] zanza : not on Finex, i am on simplefx tho [2015-12-22 18:37:05] rapidtrades : okc? [2015-12-22 18:46:00] zanza : i just have a lot of tabs open, but Firefox can't seem to handle it [2015-12-22 18:46:07] zanza : Is this a Firefox problem, or something on my end? [2015-12-22 18:46:30] zanza : Im asking here because I know a lot tech saaavy traders are with probably with a lot of windows/tabs open a [2015-12-22 18:46:51] BitMEX_Sam : Depends, some sites take a lot more resources than others, and sometimes they can get into states where they start gobbling up cpu [2015-12-22 18:46:52] zanza : charts and data, but as I mentioned, my CPU load is fine, and I still have free memory [2015-12-22 18:47:03] zanza : ok thanks BitMEX_Sam ! [2015-12-22 18:47:07] BitMEX_Sam : AFAIK Firefox has a tougher time with this than Chrome [2015-12-22 18:47:16] zanza : ok, i guess its time to switch [2015-12-22 18:47:30] zanza : I've used Firefox forever almost [2015-12-22 18:49:12] rapidtrades : yeah just noticed my memory is high as well [2015-12-22 18:50:01] rapidtrades : zanza: let me know if it helps, I may need to switch too [2015-12-22 18:50:57] MrRGnome : Even using chrome, which isolated tabs execution and memory so they can fail independently without crashing everything else, I experience sever memory and cpu use which debilitates my system when I ahve all my bitcoin charts open. [2015-12-22 18:51:33] rapidtrades : I don't understand why we can't have standalone clients like mt4 [2015-12-22 18:52:08] MrRGnome : It comes down to how these crappy sites cache data, i.e. none of them do. They actively perform operations he entire data set instead of isolating segments of data and caching the rest. [2015-12-22 18:52:46] rapidtrades : f okc handles billions per day and no fuckkking client...I can kinda excuse bitmex but none of the large sites offer standalone software [2015-12-22 18:52:56] rapidtrades : trading shouldn't be done in a browser [2015-12-22 18:53:01] rapidtrades : it's too slow [2015-12-22 18:53:02] zanza : simplefx has MT4 compatability [2015-12-22 18:53:10] BitMEX_Sam : MrRGnome: That's not true, at least not for our implementation [2015-12-22 18:53:10] zanza : but its Forex/currencies mostly [2015-12-22 18:53:19] MrRGnome : certainly not the best tool for the job, but with proper optimization it should eb doable. [2015-12-22 18:53:24] rapidtrades : btc-e has too but they all need to offer some light-weight option [2015-12-22 18:53:28] MrRGnome : You guys ren't really a charting site with millions of dat apoints [2015-12-22 18:53:33] MrRGnome : You don't really have these issues [2015-12-22 18:53:47] zanza : its difficult with Bitcoin, since it is irreversable, its very vulnerable to hacking [2015-12-22 18:54:17] BitMEX_Sam : Most of the charting sites like e.g. cryptowatch already bin the data before sending it, but honestly Canvas/JS is slow compared to native draw [2015-12-22 18:54:20] BitMEX_Sam : It's getting better ofc. [2015-12-22 18:54:43] rapidtrades : bitfinex changed their interface and now I get massive lag there , can't keep that tab open...just idk how they do their testing? [2015-12-22 18:55:00] BitMEX_Sam : Part of the issue is, you have to write JS, and in order to make JS really fast you have to spend a ton of time with a profiler and learn the V8 incantations [2015-12-22 18:55:08] BitMEX_Sam : rapidtrades: Yeah, likely they are updating the page even while it's not active [2015-12-22 18:55:15] MrRGnome : I've been profiling your site extensively BItMEX_Sam, I don't see any big data optimizations necessary - almost all of your overhead is UI and latency related. [2015-12-22 18:55:34] BitMEX_Sam : We batch work while the page isn't visible then execute it in a single tx when reopened [2015-12-22 18:56:01] BitMEX_Sam : Right, the majority of the work is in the layout; one big thing we'll knock out soon is our date handling, momentjs is far slower than I would like. [2015-12-22 18:56:23] BitMEX_Sam : That always shows up slower than anything else when we profile. [2015-12-22 18:56:36] MrRGnome : ^yep [2015-12-22 18:59:01] zanza : ok, I tried to "disable hardware acceleration" in Firexfox, some people say this may help [2015-12-22 18:59:17] BitMEX_Sam : The key to that is putting all the display translations (e.g. ISO date strings to readable dates) into reusable Intl wrapper elements that are pure functions and can be easily memoized [2015-12-22 18:59:29] BitMEX_Sam : We'll be doing a lot more Intl work in the near future as we start to support more european languages and eventually Chinese [2015-12-22 19:00:12] MrRGnome : I don't know if it's a viable option, but I would be pushing as much of that work on to the client as possible in my initial js delivery [2015-12-22 19:01:04] rapidtrades : zanza: did that help? [2015-12-22 19:01:12] zanza : will lety ou know [2015-12-22 19:01:14] zanza : gunna try it a bit [2015-12-22 19:01:15] BitMEX_Sam : It's only 20-30ms to recalculate every date shown on the site, the issue is doing some of that while the market is flying; needs to be <1ms [2015-12-22 19:01:23] BitMEX_Sam : sub ms [2015-12-22 19:02:00] MrRGnome : But you're recalculating date data from ISO for display purposes right? And right now you're using moment.js? [2015-12-22 19:02:09] BitMEX_Sam : Yes [2015-12-22 19:02:17] BitMEX_Sam : Big issue is locale/timezone [2015-12-22 19:02:45] BitMEX_Sam : Moment does better formatting / relative time values than anything else, but it's overbuilt IMO and not made for speed [2015-12-22 19:02:57] MrRGnome : IMO a vanilla JS implementation will probably be faster for that single operation than anything else [2015-12-22 19:03:38] BitMEX_Sam : Yes, the issue is we do a couple of separate transforms. But I'm looking into something much lighter-weight [2015-12-22 19:03:55] BitMEX_Sam : The nice thing is that this is now a standard (https://developer.mozilla.org/en-US/docs/Web/JavaScript/Reference/Global_Objects/Intl) [2015-12-22 19:03:55] MrRGnome : Yeah sounds like your transforms are killing you. [2015-12-22 19:04:12] BitMEX_Sam : I wouldn't call it "killing", site is still plenty fast, just could be faster. [2015-12-22 19:04:30] MrRGnome : The site's great, to be honest. [2015-12-22 19:05:00] BitMEX_Sam : Thanks. [2015-12-22 19:05:12] zanza : I don't think this site needs be to faster [2015-12-22 19:05:24] MrRGnome : EVERYTHING needs to be faster =P [2015-12-22 19:10:31] BitMEX_Sam : Can't hurt, that's for sure. [2015-12-22 19:13:26] gielbier : Can we get a double daily? one with settlement at 1PM one with settlement at 1 AM? [2015-12-22 19:13:49] gielbier : Eurotraders don't enter the market before 1 PM. [2015-12-22 19:14:44] gielbier : its a fracked up time to get positions <7 hours before settlement [2015-12-22 19:14:49] BitMEX_Sam : We would be unlikely to do that, since it would split liquidity. [2015-12-22 19:15:38] gielbier : hmz that does make sense. but on the otherhand. I don't trade before 1 PM nor get position because of the settlement being so close in time [2015-12-22 19:16:07] BitMEX_Sam : Understood; being a global business, unfortunately there will always be a few time zones where it is more difficult to trade [2015-12-22 19:16:34] gielbier : Yeah i get that. but doing a 12h split wouldn't hurt right? [2015-12-22 19:16:50] gielbier : instead of 24h [2015-12-22 19:18:16] zanza : rapidtrades: yeah, faster so far [2015-12-22 19:18:48] BitMEX_Sam : Your issue is that, in the morning, it's too close to settlement to trade, right? [2015-12-22 19:19:02] BitMEX_Sam : If we split it to two 12hr contracts, it would always be close to settlement [2015-12-22 19:19:11] BitMEX_Sam : And if we split it two 24hr contracts offset by 12hrs, we would split liquidity. [2015-12-22 19:34:06] habibi : lets make 1hour contracts or 1 minute! [2015-12-22 19:34:18] zanza : habibi: good idea, no one left behind [2015-12-22 19:34:29] habibi : or even 1 second for rapid rapidtrades [2015-12-22 19:34:33] zanza : make it 1000x for good measure [2015-12-22 19:35:02] habibi : just go for binary option guys if u need lower range then 24h.. [2015-12-22 19:56:29] dorothy490 : BitMEX_Sam: there is a problem using website from mobile on UC browser latest vesion [2015-12-22 19:56:42] dorothy490 : it flicks and logoffs after several seconds [2015-12-22 20:12:10] BitMEX_Sam : dorothy490: UC browser? [2015-12-22 20:12:53] BitMEX_Sam : Interesting, that's not one I've used, looks like a Chinese proxying/data saving browser [2015-12-22 20:19:06] dorothy490 : summoning REKT [2015-12-22 20:20:26] macios15 : its gona drop like mofo [2015-12-22 20:20:49] habibi : thats what majority wants [2015-12-22 20:31:06] zanza : cheap coinz! [2015-12-22 20:31:21] zanza : im ready for Friday with June 2016 contract! [2015-12-22 20:38:33] habibi : zanza: mm? [2015-12-22 20:41:13] zanza : habibi: ya [2015-12-22 20:41:41] zanza : ok, so that fixed my firefox, turning off hardware acceleration, I have no idea why they turn it on by defaul [2015-12-22 20:43:34] zanza : SnP back up, glad I didn't short [2015-12-22 20:45:59] zanza : im looking for 2080 entry price [2015-12-22 20:46:32] zanza : let Yellen and her crew pump it up so Americans think they are having a good holiday [2015-12-22 21:04:48] rapidtrades : zanza: did u restart browser? [2015-12-22 21:12:02] zanza : yes [2015-12-22 21:44:30] rapidtrades : doesn't help with the lag after finex changed layout...srsly this amateurish space is getting on my nerves [2015-12-22 21:45:05] rapidtrades : finex is literally r*ping mu CPU atm [2015-12-22 21:57:36] zanza : how can you tell ? [2015-12-22 21:58:52] rapidtrades : task manager? [2015-12-22 21:59:48] thehawthorne : stop watching porn splitview [2015-12-22 22:08:01] zanza : is your computer fairly old? [2015-12-22 22:08:22] zanza : maybe time to #upgrade [2015-12-22 22:13:30] justinlooking : i'm so conflicted [2015-12-22 22:13:55] rapidtrades : zanza: buy a computer or stop using finex?hmmm tough choice... [2015-12-22 22:19:51] habibi : pentium 3 is not that bad cpu guys [2015-12-22 22:20:35] REKT : Liquidated short on XBT24H: Buy 18 @ 439.61 [2015-12-22 22:21:07] zanza : you don't need a special computer just to run Bitfinex :) what CPU do you have ? [2015-12-22 22:24:27] TschavaTschigger : rapid runs raspberry pi A on win XP [2015-12-22 22:33:09] zanza : Windows ME* [2015-12-22 22:33:24] zanza : idk, was never a fan of Finex [2015-12-22 22:33:31] zanza : too many problems i hear about there [2015-12-22 22:33:55] sleger : zanza: what do you use to convert cash to btc ? [2015-12-22 22:34:09] zanza : usually coinbase [2015-12-22 22:34:49] zanza : i guess using them just to convert is OK, but for active trading, i remember their servers always break during price action [2015-12-22 22:34:57] zanza : and people complain on reddit [2015-12-22 22:35:27] sleger : Ok. I see 9$ spread on coinbase right now ! [2015-12-22 22:37:25] zanza : coinbase does not charge fee in EU [2015-12-22 22:43:45] sleger : but they charge a 9% spread which is 1% fee [2015-12-22 22:43:59] sleger : *9$ spread [2015-12-22 22:51:55] REKT : Liquidated long on XBT24H: Sell 350 @ 435.69 [2015-12-22 22:54:55] REKT : Liquidated short on XBT24H: Buy 299 @ 435.71 [2015-12-22 23:04:05] REKT : Liquidated short on XBT24H: Buy 1612 @ 436.54 [2015-12-22 23:05:19] micmix : rapidtrades: I can't use BitMEX in Firefox at all, had to switch to Chrome just for BitMEX [2015-12-22 23:05:40] habibi : micmix: try vivaldi [2015-12-22 23:08:12] micmix : habibi: interested, I liked Opera several years ago but never heard about Vivaldi [2015-12-22 23:08:47] habibi : i loved that coz it doesnt refresh bookmarks with charts like chrome does [2015-12-22 23:08:58] habibi : so they all the time in real time generating or whatever [2015-12-22 23:09:55] habibi : i mean still using chrome for regular use but trading and charts only @vivaldi [2015-12-22 23:12:42] micmix : i don't like chrome at all, they use their own text rendering system instead of native OS text rendering, all text looks much worse in Chrome compared to Firefox or IE on high DPI system [2015-12-22 23:19:17] zanza : micmix: did you try disabling hardware acceleration ? seems to have fiexed problem for me [2015-12-22 23:19:36] zanza : god knows why they have it on by default [2015-12-22 23:21:36] REKT : Big whale detected [2015-12-22 23:21:36] REKT : Liquidated short on XBT24H: Buy 1 @ 437.17 [2015-12-22 23:22:39] micmix : zanza: just tried, doens't help [2015-12-22 23:22:53] zanza : is your CPU strained? or memory full ? [2015-12-22 23:26:15] micmix : no, it's a problem with BitMEX only, getting script timeout. Sam couldn't reproduce so I just switched to Chrome for BitMEX [2015-12-22 23:26:29] micmix : everything else works with 0 problems in Firefox [2015-12-22 23:29:38] laisee : micmix: > I have been seeing some issues with Firefox lately, not only on Bitmex. It will take lots of CPU and every change of Tab takes long time. [2015-12-22 23:30:00] laisee : Need to kill F/Fox off and restart to fix the issue. [2015-12-22 23:30:09] zanza : i think because us Bitcoin traiders, usually have LOTS of windows open, with heavy graphing/data applications [2015-12-22 23:30:40] zanza : bitmex/tradeblock/Hypron/etc [2015-12-22 23:44:01] micmix : I have over 50 tabs open in Firefox ATM [2015-12-22 23:46:57] laisee : micmix: > ATHD, much? [2015-12-22 23:48:27] micmix : laisee: what's ATHD? [2015-12-22 23:54:38] laisee : Attention Deficit problem ... too many tabs [2015-12-22 23:54:40] laisee : ;-) [2015-12-22 23:55:18] cryptostephen : How much money have you guys lost so far at Bitmex? [2015-12-22 23:57:18] laisee : in profit since starting here, with few liquidations along the way. [2015-12-23 00:00:28] micmix : laisee: ah, ADHD :-) no, all tabs are needed, like API docs for different exchanges, 20+ tabs already [2015-12-23 00:00:57] cryptostephen : I'm new at Bitmex. Let me ask, is there a spot on the site that can see the overall P/L since the account was created? [2015-12-23 00:01:23] cryptostephen : like the other day i was trying to find an overall P/L on my okcoin account i've been using for 3 years. they didn't have anything like that, does Bitmex? [2015-12-23 00:02:05] laisee : micmix: > developers get a free pass on using MAX tabs ... [2015-12-23 00:06:21] laisee : cryptostephen: > go to https://www.bitmex.com/app/wallet and dump out all your wallet transaction by clicking on "Save as CSV". You can see all the settlement amounts (profit/loss) once you import to Excel. [2015-12-23 00:08:21] laisee : if thats no good try sending email to support. [2015-12-23 00:15:18] cryptostephen : thanks! [2015-12-23 00:35:07] REKT : Liquidated short on XBT24H: Buy 17 @ 438.95 [2015-12-23 00:44:36] cryptostephen : So when I trade the 100x contracts.... help me understand what Isolate Margin means [2015-12-23 00:48:06] HowDoge : it means your margin is isolated from your available funds. ie, your contracts are leveraged off your isolated margin [2015-12-23 00:49:51] zanza : such advice [2015-12-23 00:56:28] habibi : u use only needed funds to make ur position 100x ur initial value [2015-12-23 00:59:33] laisee : kinda like betting on a horse, you are only risking the value of the bet == isolated margin. [2015-12-23 01:00:12] laisee : whereas cross-margin you are also risking contents of your wallet as well. [2015-12-23 01:00:56] laisee : best to try testnet first if you are learning, tho. [2015-12-23 01:44:40] chingchong : where is testnet? [2015-12-23 01:46:47] zanza : would be a nice feature to have a "test/demo" mode more prominent [2015-12-23 02:01:08] BitMEX_Wally : chingchong: testnet is here https://testnet.bitmex.com/ [2015-12-23 02:02:00] zanza : oh cool thanks BitMEX_Wally [2015-12-23 02:02:27] chingchong : t.y. wally [2015-12-23 05:20:43] zanza : slow night [2015-12-23 05:20:56] zanza : are we going to see 438 back and forth for a few months ? [2015-12-23 05:32:31] rapidtrades : zanza: NO [2015-12-23 05:33:02] Swedishnut : 444? [2015-12-23 05:36:11] Swedishnut : 3k yuan though by friday [2015-12-23 05:36:27] laisee : 444.44, maybe [2015-12-23 05:53:58] BitMEX_Arthur : Back by popular demand [2015-12-23 05:54:07] BitMEX_Arthur : https://blog.bitmex.com/bitmex-bitcoin-hedging-futures-reborn/ [2015-12-23 06:05:58] dorothy490 : BitMEX_Arthur: you need to incorproate links to the blog into the paltform somewhere [2015-12-23 06:06:19] dorothy490 : I remember about your blog only once in a month or even less [2015-12-23 06:06:55] dorothy490 : also there is notification button which is supposed to be a news feed near account name, but last update here is november [2015-12-23 06:07:14] dorothy490 : and there is no update about XBU at that menu either [2015-12-23 06:07:17] BitMEX_Arthur : dorothy490: Do you find that button effective? [2015-12-23 06:07:45] BitMEX_Arthur : You won't see any changes until Friday when XBUZ15 ceases to exist, we will have more communication around XBU7D closer to Friday [2015-12-23 06:12:03] dorothy490 : well I mean last news date is 21 of November and I bet there was soem updates [2015-12-23 06:12:19] dorothy490 : dunno, when there was nubmers near it (liek 5 new notifications) I looked into it [2015-12-23 06:12:33] dorothy490 : since there is no new notifications I dont use it, but it might be useful nevertheless [2015-12-23 06:17:58] zanza : BitMEX_Arthur: I am hyped! [2015-12-23 06:18:18] BitMEX_Arthur : I hope you will contribute some liquidity by placing maker orders and getting paid 10bps [2015-12-23 06:20:36] zanza : Will there be a June 2016? [2015-12-23 06:20:58] BitMEX_Arthur : Yes `XBTM16` will launch Friday as well [2015-12-23 06:21:06] zanza : OH DAMN [2015-12-23 06:21:18] zanza : im ready [2015-12-23 06:40:40] dorothy490 : zanza: are you market maker? [2015-12-23 07:05:54] zanza : dorothy490: sometim [2015-12-23 07:14:26] thehawthorne : https://soundcloud.com/kjetil-eilertsen/fairytale-of-whaleclub [2015-12-23 10:01:39] rapidtrades : BitMEX_Arthur: tnx for keeping the hedging options...I would prefer longer-dated contract but this is better then not having a contract [2015-12-23 11:28:51] SnackyCoins : just saw the tweet. i think this is a good solution for XBU [2015-12-23 11:33:55] wurstgelee : wtf [2015-12-23 11:34:01] wurstgelee : futures spiked to 465 [2015-12-23 11:34:02] wurstgelee : okc [2015-12-23 11:34:07] wurstgelee : surprise moon? [2015-12-23 11:34:11] TschavaTschigger : jupp... partytime [2015-12-23 11:34:18] wurstgelee : YAP [2015-12-23 11:34:22] wurstgelee : \o/ [2015-12-23 11:34:39] wurstgelee : someone sold 10k conts @ 440 minutes ago [2015-12-23 11:34:43] wurstgelee : im ok with that [2015-12-23 11:34:48] wurstgelee : xbt24h that is [2015-12-23 11:35:24] TschavaTschigger : i hate action during settlement phase, my bots are very passive then, they don't do shit [2015-12-23 11:35:51] wurstgelee : timing isnt exactly perfect, indeed [2015-12-23 11:36:05] TschavaTschigger : they just lay back and wait for settlement, those lazy bastards [2015-12-23 11:36:11] wurstgelee : hehe [2015-12-23 11:44:37] SnackyCoins : there's always fucking action during the avg period [2015-12-23 11:45:26] wurstgelee : annoying :| [2015-12-23 11:45:39] dorothy490 : why fair price is so low.. finxed 443 [2015-12-23 11:45:56] wurstgelee : dorothy490: settlement in 14 minutes [2015-12-23 11:46:02] dorothy490 : so? [2015-12-23 11:46:28] wurstgelee : 30 mins price averaging to detemerin settlement price [2015-12-23 11:46:34] wurstgelee : *determine [2015-12-23 11:46:45] dorothy490 : oh.. I thought its the same emchanism [2015-12-23 11:46:52] wurstgelee : it is [2015-12-23 11:47:06] wurstgelee : it only takes the average of the last 30 mins [2015-12-23 11:48:48] wurstgelee : thats why fair price is moving towards indicative settlement price [2015-12-23 11:48:50] REKT : Liquidated short on XBT24H: Buy 700 @ 441.73 [2015-12-23 12:11:05] rapidtrades : fair price is middle bid/ask most of the time [2015-12-23 12:45:30] messiaen8844 : http://www.reuters.com/article/us-global-markets-bitcoin-analysis-idUSKBN0U60GM20151223?feedType=RSS&feedName=businessNews [2015-12-23 12:51:28] TschavaTschigger : those links are 99.9% garbage [2015-12-23 12:52:02] TschavaTschigger : "according to Daniel Masters, co-founder of Jersey-based Global Advisors' multi-million dollar bitcoin hedge fund"... no shit? he predicts rise in bitcoin? what a surprise [2015-12-23 12:52:06] rapidtrades : priced in imp [2015-12-23 12:52:27] TschavaTschigger : I expected him to predict a crash after he invested there [2015-12-23 12:53:49] rapidtrades : Friday settlement will be mayhem [2015-12-23 12:54:20] rapidtrades : 4 expiring contracts, 4 new contracts...BRING ON THE GAMES [2015-12-23 13:11:26] dorothy490 : rapidtrades: we dont really know volume of holding contracts for Quartery [2015-12-23 13:11:36] dorothy490 : rapidtrades: maybe its like 50 000 contracts [2015-12-23 13:18:50] sleger : dorothy490: why dont you know it ? [2015-12-23 13:23:11] rapidtrades : sleger: wb, we didn't miss your passive-aggressive digs at newbies [2015-12-23 13:23:44] rapidtrades : dorothy490: it's 86,333...you can find it under full details [2015-12-23 13:23:48] sleger : I understand since you're the kind of newbies [2015-12-23 13:23:51] sleger : *king [2015-12-23 13:24:23] justinlooking : ok.cn bid! [2015-12-23 13:24:28] justinlooking : yo sleger wb [2015-12-23 13:24:46] rapidtrades : sleger: I've been trading longer then you and I will trade long after you get busted, sir [2015-12-23 13:25:01] sleger : How do you know when I started trading ? [2015-12-23 13:25:36] justinlooking : rapidtrades: you gave me the impression you were born yesterday... [2015-12-23 13:26:19] sleger : nah ,he said he was 16. But well, since 11=14 maybe 16 is also 19... ? [2015-12-23 13:27:18] justinlooking : got ur moon boots on slege? [2015-12-23 13:27:33] sleger : rapidtrades: feel free to answer my question... Oh and also "I've been trading longer then you" is wrong. I have seen you make that mistake more than once now : it is thAn and not thEn [2015-12-23 13:28:30] sleger : justinlooking: I'm a bit more long than (see @rapidtrades, than not then) comfortable right now, but I dont like to sell at such low premium on futures [2015-12-23 13:28:56] laisee : grammar nazi alert! [2015-12-23 13:33:39] laisee : wow, open interest is very low on 24H. [2015-12-23 13:35:02] justinlooking : laisee: it's only been alive for 90 mins [2015-12-23 13:35:04] sleger : it started 90min ago only [2015-12-23 13:35:04] messiaen8844 : Xmas is coming and there are those nasty triangles still resolving [2015-12-23 13:42:44] laisee : ... K, still seems a little low to me. [2015-12-23 14:14:07] TschavaTschigger : it is low, even for 2 hours, but considering the very flat market, it's normal [2015-12-23 14:14:49] TschavaTschigger : we just need to pray for volatility in the underlying to get more volume here [2015-12-23 14:16:32] sleger : let's pray to the god of Vega [2015-12-23 14:16:51] sleger : I suggest we also offer rapidtrades in sacrifice [2015-12-23 14:17:58] messiaen8844 : virgin blood? [2015-12-23 14:20:42] lockhedge : volume = volatility = more volume = more volatility = profit [2015-12-23 14:27:18] lockhedge : great to read that XBU is coming back, https://blog.bitmex.com/bitmex-bitcoin-hedging-futures-reborn/ [2015-12-23 14:55:25] dr.rock : so the price goes up but my long contract loses value...something's rotten in Denmark [2015-12-23 15:00:03] dr.rock : bitmex, where your bitcoin goes to die [2015-12-23 15:04:52] sleger : maybe you're short [2015-12-23 15:24:24] rapidttrades : Im not 16 ! I turnet 17 already damn ! [2015-12-23 15:25:56] sleger : *turned [2015-12-23 15:26:13] habibi : turret [2015-12-23 15:27:08] rapidttrades : my bought is almost read [2015-12-23 15:27:20] rapidttrades : y [2015-12-23 15:28:43] sleger : Are we gonna see orders of 0.1 contract everywhere soon ? [2015-12-23 15:29:43] REKT : Liquidated long on XBT24H: Sell 1 @ 440.44 [2015-12-23 15:29:43] REKT : Big whale detected [2015-12-23 15:30:26] rapidttrades : Aaaaaand I got recket ag [2015-12-23 15:30:35] rapidttrades : ain [2015-12-23 15:31:03] REKT : Liquidated long on XBT24H: Sell 5 @ 439.44 [2015-12-23 15:32:02] justinlooking : \o/ [2015-12-23 15:32:46] laisee : rapidttrades: working at 5X usual position size? [2015-12-23 15:33:09] rapidttrades : :( the 5 was not me. [2015-12-23 15:33:30] rapidtrades : that's not me btw...notice the double TT [2015-12-23 15:33:40] laisee : dodged a bullet, then [2015-12-23 15:33:50] rapidttrades : fake rapidtrades is back ! [2015-12-23 15:33:58] rapidtrades : mods IP check and ban? [2015-12-23 15:34:03] sleger : oh nooooooo, 2 of them ??? [2015-12-23 15:35:02] messiaen8844 : they are replicating [2015-12-23 15:35:15] sleger : I do not see what's against any rule that would deserve a ban, at least this one hasnt insulted anyone or anyone's mother yet ! [2015-12-23 15:35:18] laisee : sleger: ? ask some questions to see which is the real rapidtrades [2015-12-23 15:35:28] sleger : lol [2015-12-23 15:35:35] sleger : rapidtrades: 14-11 = ? [2015-12-23 15:35:36] messiaen8844 : resistance is futile [2015-12-23 15:35:39] laisee : you know, basic math etc [2015-12-23 15:35:47] laisee : snap [2015-12-23 15:36:20] rapidtrades : sleger: stop impersonating me...u obsessed little man [2015-12-23 15:36:53] sleger : rapidttrades: 11+3-14 = ? (this one is very tricky, multiple answers accepted) [2015-12-23 15:37:32] sleger : rapidtrades: What is the current premium cny vs usd ? [2015-12-23 15:38:14] rapidttrades : sleger: easy I would say 11, or maybe 14 [2015-12-23 15:38:49] sleger : This new one has humour, I like it, but unfortunately that means the real one still has only one "t" in his name :( [2015-12-23 15:39:03] BitMEX_Wally : I've renamed `rapidttrades` [2015-12-23 15:39:41] BitMEX_Wally : He might need to log in again for it to take effect [2015-12-23 15:39:44] rabidtirades : noooooo :( [2015-12-23 15:39:51] BitMEX_Wally : Hahaha [2015-12-23 15:39:55] laisee : new name is "mathgenuis" [2015-12-23 15:40:00] rabidtirades : why would you do that to me ? [2015-12-23 15:40:08] habibi : shieet [2015-12-23 15:40:09] rabidtirades : what rule did I violate ? [2015-12-23 15:40:10] laisee : you failed the test [2015-12-23 15:40:11] HowDoge : haha [2015-12-23 15:40:16] habibi : which one is true rapidshares reverse indicator? [2015-12-23 15:40:44] laisee : we need to know, billions resting on that signal. [2015-12-23 15:41:13] rabidtirades : buy 14 lots of 24H then sell 11 lots of 7D, this way you are flat and make profit [2015-12-23 15:41:20] BitMEX_Wally : rabidtirades: You have not broken any rules to get yourself banned [2015-12-23 15:41:33] BitMEX_Wally : Impersonating others is against our terms and conditions though :) [2015-12-23 15:41:36] BitMEX_Wally : Subject to terms and conditions. Terms subject to conditions and conditions subject to terms. Additional terms may be applied to conditions, in which event conditional terms may apply. Applicable conditions may terminate. Terminable terms may apply. For the avoidance of doubt, terminable conditions and applicable terms may apply or terminate without notice. Your house is probably not at risk. [2015-12-23 15:42:31] rabidtirades : when did you get that I was impersonating someone ? because I said that long 14 and short 11 was flat ? :( [2015-12-23 15:42:51] rabidtirades : I am really sad with my new nickname :( [2015-12-23 15:43:01] laisee : the real rapidttrades would have replied with an insult. [2015-12-23 15:43:05] BitMEX_Wally : rabidtirades: Would you like it renamed again? [2015-12-23 15:43:16] rabidtirades : BitMEX_Wally: what do you have in mind ? [2015-12-23 15:43:23] rabidtirades : rapidtirades would be better [2015-12-23 15:43:28] BitMEX_Wally : k [2015-12-23 15:43:38] rabidtirades : rapidtrades would be perfect, you can just remove the other one to something else ? [2015-12-23 15:44:20] messiaen8844 : what about rekttrades? [2015-12-23 15:44:33] BitMEX_Wally : Sure, you can both be rapidtrades [2015-12-23 15:45:23] rapidtrades : hello, I am me again ! [2015-12-23 15:46:09] sleger : rapidtrades: How do you like the new me ? [2015-12-23 15:47:05] habibi : guys market will colapse if u dont identify the true rapidtrades [2015-12-23 15:47:13] habibi : it will just colapse not even go down or up [2015-12-23 15:47:17] rapidtrades : well, it's me of course [2015-12-23 15:47:26] habibi : lets test u [2015-12-23 15:47:28] habibi : short or long? [2015-12-23 15:47:32] rapidtrades : yes ! [2015-12-23 15:47:50] sleger : he's back I guess [2015-12-23 15:49:30] rapidtrades : I'm spartacus! [2015-12-23 15:50:13] rapidtrades : you're soooo fake it's not even funnt ! [2015-12-23 15:51:56] sleger : 90% of this chat is soon gonna be occupied by rapidtradess [2015-12-23 15:54:57] justinlooking : whalebid okc is back [2015-12-23 15:59:38] dr.rock : so you're not betting on bitcoin but the contract? [2015-12-23 15:59:51] dr.rock : the two aren't tied together? [2015-12-23 15:59:58] justinlooking : ? [2015-12-23 16:00:12] rapidtrades : dr.rock: I have the same question [2015-12-23 16:00:56] dr.rock : i put a long on last night, bitcoin goes up in price but my contract price plummeted [2015-12-23 16:01:08] dr.rock : i don't get it [2015-12-23 16:01:34] rapidtrades : Maybe you got a long short position ? [2015-12-23 16:02:14] laisee : futures price is not perfectly correlated to cash/spot price, esp for long-dated contracts [2015-12-23 16:02:51] sleger : dr.rock: which maturity did you buy ? [2015-12-23 16:02:53] dr.rock : so how do you play it? [2015-12-23 16:03:02] dr.rock : xbth16 [2015-12-23 16:03:32] chrisxbt : well that's due to sentiment and liquidity [2015-12-23 16:04:54] dr.rock : so I'm to look at sentiment and liquidity over the charts? [2015-12-23 16:04:58] sleger : dr.rock: its because of what chrisxbt just said but also because you're paying time decay [2015-12-23 16:05:09] dr.rock : yes, i sort of get it [2015-12-23 16:05:27] rapidtrades : can you explain me ? [2015-12-23 16:05:57] dr.rock : seems like it's a tough win imo [2015-12-23 16:06:42] sleger : traders here expect btcusd to be worth ~530 in march 2016. If you think it will be less sell, otherwise buy [2015-12-23 16:08:34] BitMEX_Sam : I added the XBU7D announcement to the bullhorn [2015-12-23 16:08:44] BitMEX_Sam : Click it for some more details on the new contract. Launches Christmas [2015-12-23 16:09:59] sleger : settlement fee is ? [2015-12-23 16:14:00] BitMEX_Arthur : 30bps [2015-12-23 16:14:23] zanza : ". BitMEX will use the 20% equity remaining to close out the position at prevailing market prices." does that mean cascading margin call ? [2015-12-23 16:14:35] BitMEX_Arthur : No it doesn't we don't ever submit market orders [2015-12-23 16:14:42] zanza : got it [2015-12-23 16:15:26] BitMEX_Arthur : I'm sure many of you have suggestions about things we can change to improve the product, i would appreciate it if you would shoot an email to support@bitmex.com so we can keep track [2015-12-23 16:15:30] sleger : so if you take both sides that's .6% or around 2.5$ per btc per week. [2015-12-23 16:16:17] zanza : yes, however its guaranteed settlement which factors in [2015-12-23 16:16:44] zanza : hedging is important for some folks [2015-12-23 16:16:49] sleger : with initial margin req of 30%, DPE is limited [2015-12-23 16:17:19] sleger : BitMEX_Arthur: for XBT series, are you still considering making the settlement fee half of maker and taker ? [2015-12-23 16:17:53] BitMEX_Arthur : Its an internal discussion but from what we have observed the open interest is tiny compared to trading volume [2015-12-23 16:17:59] BitMEX_Arthur : So I don't see a reason that it needs to be altered [2015-12-23 16:18:25] BitMEX_Arthur : Not many users hold these contracts over settlement, so it's a moot point [2015-12-23 16:19:44] sleger : It is a point for the users who do though. [2015-12-23 16:19:45] BitMEX_Arthur : I'm heading off, nightime for me in asia, as I said shoot support@bitmex.com a mail with any further comments on this [2015-12-23 16:20:14] dr.rock : merry xmas arthur [2015-12-23 16:20:24] BitMEX_Arthur : Merry Festivus [2015-12-23 16:20:49] dr.rock : a Festivus for the rest of us [2015-12-23 16:22:18] BitMEX_Sam : Hoping for some &btc; feats of strength this holiday [2015-12-23 16:27:12] dr.rock : what time is the airing of the grievances? [2015-12-23 16:30:01] dr.rock : here's hoping for a Festivus miracle!!! [2015-12-23 16:30:18] gustavo7 : xbtmass [2015-12-23 16:31:28] gustavo7 : so low volume here? [2015-12-23 16:35:42] gustavo7 : took profit going to get cozy now [2015-12-23 16:54:42] cryptostephen : Is the users count accurate here? [2015-12-23 16:55:39] BitMEX_Sam : Yes, that's users viewing the site and Bots is users connected directly to the API websocket [2015-12-23 17:05:50] TschavaTschigger : I agree with sledger about the settlement fee reduction btw, just for the record. it just doesn't make much sense atm. [2015-12-23 17:10:45] rapidtrades : BitMEX_Sam: hey Sam. sleger created rapidttrades to impersonate me then wally thought it was funny to rename it to rapidtrades...same as me. Sleger then made another account on irc, again rapidtrades. Can you do smth about this? [2015-12-23 17:13:22] BitMEX_Sam : rapidtrades: I've renamed the account - but in general, the trollbox is called that for a reason. [2015-12-23 17:13:37] BitMEX_Sam : Re: IRC, we have no control over what people name their accounts on it, which is why we put the `(IRC)` flag on chats from there. [2015-12-23 17:14:10] BitMEX_Sam : If someone is abusive, we can ban them from the channel, but I don't think he was being that bad. [2015-12-23 17:25:57] habibi : i think rapidtrades created himself new accounts just to confuse global btc markets [2015-12-23 17:26:19] habibi : so its kinda big try of manipulation, shame on ur rapid [2015-12-23 17:28:54] jung1 : http://blockchainlondon.com/ anyone comming there? [2015-12-23 17:48:37] cryptostephen : Can you educate me? I'm used to Okcoin's trigger orders when it comes to stops [2015-12-23 17:48:54] cryptostephen : when i do a stop limit. the limit price is where the price needs to go and then it sets the stop price as my close order? [2015-12-23 17:52:00] BitMEX_Wally : cryptostephen: The StopPx is the trigger price, and the limit price is the price you wish to execute at [2015-12-23 17:52:19] BitMEX_Wally : If you are long I suggest setting a sell stop limit order with a limit price below the stop price, other wise it might not get executed [2015-12-23 17:59:28] jung1 : only 2,5k volume? [2015-12-23 18:01:54] jung1 : BitMEX_Wally: any option to add profit and loss % to calculator? [2015-12-23 18:02:13] BitMEX_Wally : jung1: Good idea [2015-12-23 18:03:05] jung1 : I used to close at 75% profit and 25% loss so will be easier to calculate it on site [2015-12-23 18:03:17] BitMEX_Wally : Watch this space, we are working on OCO orders [2015-12-23 18:03:53] jung1 : so whats on your to do list for next year? [2015-12-23 18:04:23] BitMEX_Wally : Market orders, Stop orders, Trailing Stops, Post only orders, Hidden orders, Iceberg orders, OCO and OTO orders [2015-12-23 18:04:40] jung1 : iceberg orders? [2015-12-23 18:04:43] jung1 : whats that [2015-12-23 18:04:56] BitMEX_Wally : Basically you can have an order for 1000 and only show 100 in the book [2015-12-23 18:05:04] BitMEX_Wally : If that 100 is filled it replenishes and always shows 100 [2015-12-23 18:05:43] jung1 : nice [2015-12-23 18:10:36] habibi : something we can meet on chinese exchanges pretty ofthen [2015-12-23 18:22:06] cryptostephen : Thanks wally [2015-12-23 18:23:25] jung1 : A boy asked his bitcoin-investing father for $10. Father: $9.82? What do you need $10.08 for? [2015-12-23 18:24:28] REKT : Liquidated short on XBT24H: Buy 10 @ 443.06 [2015-12-23 18:36:28] REKT : Liquidated short on XBT24H: Buy 100 @ 443.90 [2015-12-23 18:36:30] cryptostephen : so what type of movement do you current need to get liquidated in 100x [2015-12-23 18:36:38] cryptostephen : price moves how many dollars to liquidate [2015-12-23 18:36:44] habibi : 0.5% [2015-12-23 18:37:57] jung1 : around 3,5. Depends on your margin [2015-12-23 18:39:52] habibi : 2.215$ from current price [2015-12-23 18:40:41] cryptostephen : awesome lol [2015-12-23 18:49:01] wurstgelee : its np, just dont be wrong when using isolated margin [2015-12-23 18:49:04] wurstgelee : =) [2015-12-23 18:58:20] jung1 : or trade good [2015-12-23 18:58:55] Swedishnut : I suggest trade good [2015-12-23 18:59:04] cryptostephen : wait I'm confused [2015-12-23 18:59:09] cryptostephen : i have a long position i opened at 100x [2015-12-23 18:59:19] cryptostephen : entry price was 440.79 [2015-12-23 18:59:19] Swedishnut : si [2015-12-23 18:59:29] cryptostephen : price now is 443.44 [2015-12-23 18:59:39] cryptostephen : so isn't that $2.20 away? shouldn't it be 100% profit? [2015-12-23 18:59:42] Swedishnut : so your up. but only profit if you sell above entry [2015-12-23 18:59:49] cryptostephen : it says 61.81% profit right now [2015-12-23 18:59:52] habibi : 2.2 is about 50% [2015-12-23 19:00:16] cryptostephen : oh so price needs to be $4.4 away for a 100% profit? [2015-12-23 19:00:17] habibi : and ur isolated position on standard margin get closed at -50% [2015-12-23 19:00:34] cryptostephen : huh? ^ that confuses me. could you ELI5 [2015-12-23 19:00:38] habibi : price need to be 1%x100 above ur entry to be +100% [2015-12-23 19:00:53] Swedishnut : si [2015-12-23 19:01:41] cryptostephen : ohhh [2015-12-23 19:01:47] habibi : exchange cant close ur isolated margins at -100% coz there is no room for closing it on market in case market moves upper [2015-12-23 19:01:53] cryptostephen : thought somebody said price needed to move 0.5% to yield 100% profit [2015-12-23 19:02:15] cryptostephen : but really, the price needs to move 1% which s $4.42 to yield 100% profit, right? [2015-12-23 19:02:22] habibi : http://scr.hu/9xvi/bidhy read what u ask for [2015-12-23 19:03:06] cryptostephen : i dont understand... which is it 0.5% or 1% to move to yield 100% profit? [2015-12-23 19:03:54] habibi : u ask for liquidation [2015-12-23 19:03:58] habibi : not for 100% profit [2015-12-23 19:04:43] jung1 : cryptostephen: go to order options -> calc [2015-12-23 19:04:56] jung1 : and you will see what will be your profit or loss [2015-12-23 19:05:08] REKT : Liquidated short on XBT24H: Buy 1500 @ 444.77 [2015-12-23 19:05:31] BitMEX_Wally : cryptostephen: If you have isolated margin enabled, then you are only using 1% margin. A 1% move will be a 100% return on equity [2015-12-23 19:06:30] cryptostephen : ok thanks, can you explain the difference between isolated margin enabled and disabled? [2015-12-23 19:06:33] cryptostephen : sorry, still learning [2015-12-23 19:07:26] Swedishnut : No learning for you! J/k hugs and everyone here bites softly [2015-12-23 19:07:39] messiaen8844 : rapidlearning [2015-12-23 19:08:20] BitMEX_Wally : cryptostephen: Isolated vs Cross Margin changes your liquidation price [2015-12-23 19:08:39] BitMEX_Wally : Cross margin means that your entire account balance is used [2015-12-23 19:08:56] cryptostephen : so if I'm using my entire account balance in my position, it doesn't matter anyways [2015-12-23 19:09:02] BitMEX_Wally : Yes [2015-12-23 19:09:30] cryptostephen : is there an advantage to using cross margin? Lower liquidation price right? [2015-12-23 19:09:41] cryptostephen : seems dangerous though if ur holding big amounts and trading with small positions [2015-12-23 19:10:21] BitMEX_Wally : cryptostephen: You're absolutely right [2015-12-23 19:10:29] BitMEX_Wally : The benefit is a lower liquidation price so it's up to your risk appetite [2015-12-23 19:10:39] cryptostephen : Seems like terrible risk management haha [2015-12-23 19:10:40] Swedishnut : in large motions you can get stuck or all gone liquidations. full account poof zero balance reload me add a coin kind of situations. [2015-12-23 19:10:55] cryptostephen : ok thanks so much for the help. been a trader at okcoin for 3 years and got used to it. trying to get used to Bitmex now [2015-12-23 19:11:01] cryptostephen : and provide liquidity however I can :)