This is a mirror of the original BitMEX trollbox archive that used to be online here.
BitMEX disabled their archive after the DDOS attack so I have decided to make my mirror publicly available.

Well now, a few days after I made this mirror available to the public, the original archive from BitMEX is online again.
But since it is still limited (neutered to the last few hundred messages) I will keep my FULL mirror alive.

You have access to more than 50 million trollbox posts. This is more than 7 gigabyte of data hosted on a $5 server so please be patient or consider a donation

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[2015-12-28 00:49:34] BitMEX_Wally : TschavaTschigger: He can do that, the benefit is that the displayQty is automatically replenished after being filled
[2015-12-28 00:50:45] habibi : so basic bot can do it with rebate
[2015-12-28 00:51:11] BitMEX_Wally : One reason to use an iceberg order rather than a completely hidden order is that there is less chance of the hidden order being discovered
[2015-12-28 00:51:31] BitMEX_Wally : If I place a hidden order at the mid price (i.e. `displayQty=0`) it only takes 1 contract to ping to discover it
[2015-12-28 00:52:16] BitMEX_Wally : But if I have `orderQty=10000` and `displayQty=1000` (say) then you have to trade more than 1000 to find the hidden 9000
[2015-12-28 00:52:43] micmix : BitMEX_Wally: you can discover hidden order for free using ParticipateDoNotInitiate
[2015-12-28 00:52:51] BitMEX_Wally : micmix: Nope
[2015-12-28 00:53:06] BitMEX_Wally : ParticipateDoNotInitiate will execute against hidden orders and will get paid the maker rebate
[2015-12-28 00:53:19] BitMEX_Wally : ParticipateDoNotInitiate basically means 'do not pay taker fee'
[2015-12-28 00:54:17] micmix : yes, but if I place ParticipateDoNotInitiate order in the mid and get it executed right away I will know that there is a hidden order between the top bid/ask and the mid
[2015-12-28 00:54:35] micmix : but yeah, it will cost 1 contract
[2015-12-28 00:54:38] TschavaTschigger : you dont need a ParticipateDoNotInitiate f or this
[2015-12-28 00:54:42] BitMEX_Wally : As as if you entered a normal order
[2015-12-28 00:55:16] BitMEX_Wally : ParticipateDoNotInitiate does not let you sniff out hidden orders without trading. Same as a regular order.
[2015-12-28 00:55:24] BitMEX_Wally : I thought about this carefully
[2015-12-28 00:55:31] micmix : you are right, doesn't matter if I'm still paid maker rebate
[2015-12-28 00:55:36] BitMEX_Wally : :)
[2015-12-28 00:56:09] TschavaTschigger : so, comparing 1) iceberg against 2) normal + hidden... what's the benefit of 1) over 2)? the only reason I can think of is saving API calls. because everything you can do with 1), you can also do with 2), just cheaper
[2015-12-28 00:56:31] BitMEX_Wally : Yes, it saves API calls to babysit
[2015-12-28 00:56:37] TschavaTschigger : ah ok
[2015-12-28 00:56:48] micmix : you need a bot to replenish visible portion in case of 2)
[2015-12-28 00:57:06] macios15 : bitmex smae price when china was at 2700 fucking index
[2015-12-28 00:58:47] micmix : BitMEX_Wally: ok, another question. How is an IOC order executed against the hidden/iceberg? Same as regular limit order?
[2015-12-28 00:59:01] BitMEX_Wally : Yes
[2015-12-28 00:59:11] BitMEX_Wally : IOC just means that after eating through the order book the order is cancelled.
[2015-12-28 00:59:21] BitMEX_Wally : An IOC order can be a limit order or a market order
[2015-12-28 00:59:41] TschavaTschigger : BitMEX_Wally: when I place an iceberg, and it get's hit, and the display amount keeps replenishing... then I will pay taker for everything while display<orderQty right? and as soon as display==orderQty, I get paid maker?
[2015-12-28 00:59:53] TschavaTschigger : god the chat
[2015-12-28 01:00:14] TschavaTschigger : then I will pay taker for everything while display<orderQty, but after display==orderQty, I get paid maker right?
[2015-12-28 01:00:14] BitMEX_Wally : Iceberg orders always pay the taker fee
[2015-12-28 01:00:29] TschavaTschigger : oh, the < does not work without whitespace
[2015-12-28 01:01:25] BitMEX_Wally : BTW, do not send `displayQty` unless you want to pay taker fee. If you send `displayQty=orderQty` you will be wasting your money :)
[2015-12-28 01:01:35] TschavaTschigger : BitMEX_Wally: but not if the displayQty == orderQty, when the iceberg order got hit before and it kept replinishing.. then I will get maker, right?
[2015-12-28 01:01:57] TschavaTschigger : because then technically, it is no iceberg order anymore
[2015-12-28 01:02:28] BitMEX_Wally : Basically if you set a non null `displayQty` then the order always pays taker fee
[2015-12-28 01:02:46] BitMEX_Wally : Even if the `leavesQty` is less than `displayQty`
[2015-12-28 01:03:10] micmix : got it, never set displayQty :-)
[2015-12-28 01:03:42] BitMEX_Wally : micmix: Unless you want the snazzy feature of course :)
[2015-12-28 01:04:24] micmix : I will use it when getting rid of big positions
[2015-12-28 01:04:46] TschavaTschigger : this means that if displayQty == 1000 and orderQty == 4000, they hit 3000 (I pay taker of course), then 1000 are left (display and overall) and I also pay taker for that
[2015-12-28 01:05:20] TschavaTschigger : wouldn't it make more sense to set displayQty to null after the hidden amount is gone?
[2015-12-28 01:05:40] micmix : it would be more fair I guess
[2015-12-28 01:08:10] BitMEX_Wally : If people start using these orders and cancelling them once `leavesQty<displayQty` then I'll look into making the fee logic more complex
[2015-12-28 01:08:42] micmix : BitMEX_Wally: no batch order placement/amend for now?
[2015-12-28 01:08:43] BitMEX_Wally : If people start using these orders and cancelling them once leavesQty is less than displayQty then I'll look into making the fee logic more complex
[2015-12-28 01:09:06] BitMEX_Wally : micmix: No batch amend yet but it will come
[2015-12-28 01:09:44] micmix : Can't wait to stuff the orderbook with 10+ orders on both sides :-)
[2015-12-28 01:10:02] TschavaTschigger : this looks exiting overall
[2015-12-28 01:11:16] micmix : yes, thumbs up on the changes! OneCancelsTheOther and OneTriggersTheOther very useful, as well as order amend
[2015-12-28 01:15:07] BitMEX_Wally : :)
[2015-12-28 01:15:50] BitMEX_Wally : You can chain OTO orders together. The `clOrdLinkID` can link to another order's `clOrdID` (not just link to `clOrdLinkID`)
[2015-12-28 01:16:13] BitMEX_Wally : So you can have a bid that when executed places an offer, that when executed places a bid, etc etc. Poor mans market making bot
[2015-12-28 01:17:08] BitMEX_Wally : You can even have an OTO order that triggers a pair of OCO orders
[2015-12-28 01:18:08] BitMEX_Wally : Or multiple OTO orders that trigger one `clOrdLinkID` group
[2015-12-28 01:19:28] micmix : yeah, that's mind boggling. I'll have to think how to use something like that
[2015-12-28 01:20:57] BitMEX_Wally : They can even be used across different instruments. So a bid on XBU7D when executed triggers a sell on XBT7D, etc etc
[2015-12-28 01:23:30] TschavaTschigger : sounds very nice... my poor master thesis :(
[2015-12-28 01:24:51] micmix : can I provide more than one clOrdLinkID?
[2015-12-28 01:29:08] BitMEX_Wally : micmix: Only one at the moment
[2015-12-28 01:29:22] BitMEX_Wally : But it can target many orders with that clOrdLinkID
[2015-12-28 01:32:13] micmix : you mean that clOrdID doesn't have to be unique?
[2015-12-28 01:33:42] BitMEX_Wally : Ignore `clOrdID` for the moment. You can have 3 orders with the same `clOrdLinkID`. If the first order has `contingencyType=OneTriggersTheOther` then the subsequent 2 orders will start `NotTriggered` pending the first order being filled
[2015-12-28 01:33:43] micmix : not sure I understand what you mean
[2015-12-28 01:35:11] micmix : ok, got it. I thought clOrdLinkID should be equal to clOrdID of the target order
[2015-12-28 01:35:29] TschavaTschigger : I think, they dont have to do anything with each other
[2015-12-28 01:35:42] BitMEX_Wally : micmix: You can use them that way, but do not have to
[2015-12-28 01:36:02] BitMEX_Wally : If you have `clOrdLinkID` equal to the `clOrdID` of the target order then it will trigger that order.
[2015-12-28 01:36:18] BitMEX_Wally : I added this as an extra option so you could chain them together
[2015-12-28 01:36:29] TschavaTschigger : the cl0rdLinkID does not necessarily equal any cl0rdID of an order, it can just be meant for linking purpose, right?
[2015-12-28 01:36:36] BitMEX_Wally : TschavaTschigger: Correct
[2015-12-28 01:36:46] TschavaTschigger : then I got it. smart.
[2015-12-28 01:37:28] micmix : got it, you can use clOrdLinkID as a separate ID just for linking
[2015-12-28 01:37:47] BitMEX_Wally : Yes, I tried to make it as flexible as possible
[2015-12-28 01:38:08] TschavaTschigger : yeah, the system looks very promising. still not sure yet what I can do with those kind of orders, but it's almost 3 am here... maybe that's the reason
[2015-12-28 01:38:52] BitMEX_Wally : We won't expose all this complexity on the frontend UI though, probably just some simple OTO/OCO options with 2 orders
[2015-12-28 01:40:00] TschavaTschigger : would be funny though if frontend has full complexity.. wanna see rapidtrade's face
[2015-12-28 01:52:16] billyboy402 : Do we still have to pay a fee for settlement . Think it suck that we have to hold and let it settle as there no liquidity
[2015-12-28 01:55:16] SnackyCoins : that is a risk of trading billy
[2015-12-28 01:59:23] BitMEX_Wally : billyboy402: What size position are you trying to get out of?
[2015-12-28 02:06:25] billyboy402 : If I have 20k it hard to get rid of it within the last hour
[2015-12-28 02:09:07] billyboy402 : I still rather okc way of settlement
[2015-12-28 02:11:49] billyboy402 : also we need volume on xbu . Year there liquidity . But the bot make it shit to trade . They place a order In front . They when I take a order . The bots remove the next order down . So yea it look nice but complete waste of time to trade it
[2015-12-28 02:18:41] billyboy402 : personly I rather see 5 humans order then the current 100 bots that look pretty and fill up the book but get pull the sec that I take 1 contract . Give false hope that your trading a type market with X liquidity but really is just a façade
[2015-12-28 02:20:24] billyboy402 : then ppl like my self . Deposit , try your service , then leave because it not suitable for them
[2015-12-28 02:22:36] wurstgelee : increasing volume and user numbers suggest it's working out tho
[2015-12-28 02:23:15] billyboy402 : also why it there no bots that hedge vs okc . Shortly some out there can sell the 3 months on bitmex $520 and buy okc $470 . But there shit load of bots to shit all over your trade and front run you with 1cent in front
[2015-12-28 02:23:50] TschavaTschigger : lol
[2015-12-28 02:25:20] billyboy402 : LOL worth count always front run me
[2015-12-28 02:26:59] ethexio : Front run the front runners. Battle the bots, we can win.
[2015-12-28 02:28:02] ethexio : It's us against them, band together. We are strong. Just do it. (Sponsored by Nike)
[2015-12-28 02:28:38] ethexio : I'm an ad bot, !help for more info
[2015-12-28 02:28:57] billyboy402 : personly I think you should remove all fees on xbu . Every one want to make the the 0.1% and there no taker . Then come settlement I going to have to pay 0.3% because there no way I can close more then 50 contracts xbu with out the bots pulling order or having slippage
[2015-12-28 02:29:10] ethexio : INVALID COMMAND
[2015-12-28 02:31:08] BitMEX_Wally : The settlement fee on XBU is 0.20%
[2015-12-28 02:32:59] Swedishnut : POTATO!!!
[2015-12-28 02:35:36] rapidtrades : China back above US on some exchanges...slowly back to normal
[2015-12-28 03:00:27] billyboy402 : i dont understand why there a a cost for bitmex to settle balance
[2015-12-28 03:01:02] billyboy402 : but 0.20% is still 10x more then other after i have just paid a fee to open it
[2015-12-28 03:01:24] BitMEX_Wally : Post some limit orders and you can enter and exit without paying a fee
[2015-12-28 03:02:15] rapidtrades : yeah fee to both open and close is a bit much imo
[2015-12-28 03:02:46] billyboy402 : there plenty of limit order already there , and i am only going to get front run from the bost , there a trade less then every 30 min .
[2015-12-28 03:02:55] rapidtrades : guess u have to do it this way to pay for limits but it's still way above even spot fees
[2015-12-28 03:03:29] billyboy402 : if there was no fees bots could trade each other , ( also it inpossiable to chart base of bitmex price as the mayu not be a trade for 3 hours
[2015-12-28 03:10:13] rapidtrades : biggest problem with it is short duration
[2015-12-28 03:11:05] rapidtrades : if it was 3 month or 6 month we'll only have to pay fees once plus the fomos will pay a small premium so in the end we may come ahead
[2015-12-28 03:12:58] rapidtrades : okc march is at $437 atm...not same thing cos there's clawback risk but you will definitely see some premium
[2015-12-28 03:37:21] Ugly_Old_Goat : Hello Fellas
[2015-12-28 03:37:52] Ugly_Old_Goat : I love the place and done moderately well the few weeks I have been here
[2015-12-28 03:38:07] Ugly_Old_Goat : But have some questions and perhaps you can help
[2015-12-28 03:38:45] Ugly_Old_Goat : I do not understand how the Fair Price Index is calculated
[2015-12-28 03:39:31] Ugly_Old_Goat : Like most of the weekend the Fair Price was at or below the major exchange rates
[2015-12-28 03:39:55] Ugly_Old_Goat : Now it is $5 to$8 above
[2015-12-28 03:40:09] Ugly_Old_Goat : Any idea why?
[2015-12-28 03:40:23] rapidtrades : it will tend to trade in the middle of bid/ask
[2015-12-28 03:40:48] habibi : its kindly the same as spot here
[2015-12-28 03:40:56] rapidtrades : so your question should be why are prices here not the same as on other exchanges
[2015-12-28 03:41:46] Ugly_Old_Goat : yes, but not really
[2015-12-28 03:41:50] rapidtrades : fair is only relevant if you're close to a margin call, otherwise bid/ask is the market
[2015-12-28 03:42:11] Ugly_Old_Goat : My real question is how is the Fair Price calculated?
[2015-12-28 03:42:47] Ugly_Old_Goat : Right now it is above Bitstamp and Biefinex
[2015-12-28 03:42:50] rapidtrades : fair follows market not the other way around
[2015-12-28 03:43:56] Ugly_Old_Goat : yes it follows the market, but today it went from a discount to a preimium.
[2015-12-28 03:44:00] Ugly_Old_Goat : Why?
[2015-12-28 03:44:13] rapidtrades : cos the market went from discount to premium
[2015-12-28 03:45:04] Ugly_Old_Goat : But the fair price is an index not a market
[2015-12-28 03:45:24] BitMEX_Arthur : Fair price is based on the bid ask of the futures contract
[2015-12-28 03:45:33] rapidtrades : no fair price is middle of market...the number next to it is the settlement index
[2015-12-28 03:45:45] sleger : Ugly_Old_Goat: https://www.bitmex.com/app/dynamicProfitEqualisation bottom of this page
[2015-12-28 03:45:47] rapidtrades : $428 is index
[2015-12-28 03:46:20] BitMEX_Arthur : sleger: you beat me to it :)
[2015-12-28 03:55:56] Ugly_Old_Goat : Thanks Fellas, I got it but still don't get it
[2015-12-28 03:58:01] rapidtrades : ....cos ur ignoring what I'm saying
[2015-12-28 04:00:15] rapidtrades : fair price just shows u where we're trading, it's not useful for anything unless you're about to get margin called
[2015-12-28 04:04:32] arbitrage001 : okcoin settlement model is flawed
[2015-12-28 04:04:52] arbitrage001 : okcoin i mean
[2015-12-28 04:04:59] arbitrage001 : okc
[2015-12-28 04:05:19] arbitrage001 : would advice not to trade future contract over there
[2015-12-28 04:05:32] REKT : Liquidated long on XBT24H: Sell 2500 @ 428.53
[2015-12-28 04:09:02] REKT : Liquidated long on XBT24H: Sell 1826 @ 427.93
[2015-12-28 04:09:12] REKT : Liquidated long on XBT24H: Sell 473 @ 427.86
[2015-12-28 04:10:32] REKT : Liquidated long on XBT24H: Sell 100 @ 427.57
[2015-12-28 04:10:32] REKT : Liquidated long on XBT24H: Sell 4000 @ 427.54
[2015-12-28 04:10:32] REKT : Abandon the ship
[2015-12-28 04:12:02] REKT : Liquidated long on XBT24H: Sell 6870 @ 426.93
[2015-12-28 04:42:56] micmix : small UI bug report for BitMEX_Sam: settlement fee is shown as a number 0.0005 instead of 0.05% in the instrument table. hover description is missing as well.
[2015-12-28 06:06:00] ethexio : Whee
[2015-12-28 06:06:12] billyboy402 : it say woodship when you say okc , is is a stuiped and shit thing bitmex does , but it there troll box
[2015-12-28 06:37:53] cekseh : Everyone welcome our newest troll, mr billyboy!
[2015-12-28 06:38:16] gouda : Fresh! okcoin
[2015-12-28 06:41:27] ethexio : Welcome..
[2015-12-28 06:43:40] ethexio : OKC0IN meh
[2015-12-28 07:07:20] chromaticcr : okcrap okcasino OhClawback whatever you name it
[2015-12-28 08:03:49] billyboy402 : cekseh: I AM NOT A TROLL . BUT I dont want to be dictaded in what i say and how i say it
[2015-12-28 08:05:38] cekseh : Get used to reality son. You are being allowed to use a website that doesn't belong to you. You will abide by however they decide to do things =)
[2015-12-28 08:08:16] billyboy402 : 1. I am not ur son . 2 . we are paying customer . they are using use to build wealth for them self . if they close down we would all move to the next exchange
[2015-12-28 08:15:17] laisee : billyboy402: > fork any exchange code on github and build your own exchange that has exactly the features u like. Freedom's just a download away ... ;-)
[2015-12-28 08:17:26] cekseh : The only freedom you have is the freedom to leave, son. You are still being allowed to use someone else's platform to probably lose your lunch money.
[2015-12-28 08:18:28] cekseh : When you learn how to use the internet certain things will become clear, a big one is that anyone can tell you how to behave on their platform/game/forum, or they can just remove you.
[2015-12-28 08:20:12] cekseh : Then you get the option to spend some of the valuable seconds left in your life evading bans and doing it again =)
[2015-12-28 09:04:46] REKT : Liquidated long on XBT7D: Sell 2150 @ 431.51
[2015-12-28 09:05:06] REKT : Liquidated long on XBT24H: Sell 15020 @ 427.47 <b>MEGA-REKT</b>
[2015-12-28 09:11:16] REKT : Liquidated long on XBT24H: Sell 200 @ 426.77
[2015-12-28 09:11:36] REKT : Liquidated long on XBT7D: Sell 1 @ 426.05
[2015-12-28 09:11:36] REKT : Big whale detected
[2015-12-28 09:11:36] REKT : Liquidated long on XBT24H: Sell 1000 @ 425.86
[2015-12-28 09:11:36] REKT : Liquidated long on XBT24H: Sell 100 @ 425.86
[2015-12-28 09:12:31] chromaticcr : rekt time
[2015-12-28 09:14:40] micmix : everyone's getting REKTified
[2015-12-28 09:16:08] chromaticcr : i wonder if the santabot this morning will get bu
[2015-12-28 09:16:12] chromaticcr : bust*
[2015-12-28 09:17:34] chromaticcr : Fair Basis Rate 2236%
[2015-12-28 09:17:39] chromaticcr : someone wake me up
[2015-12-28 09:20:55] micmix : chromaticcr: no, the 2k bot that was quoting with big premium should be ok. it bought maybe 10k-20k @ $430, and we went higher later so it probably sold most of it
[2015-12-28 09:42:07] rapidtrades : gm fellas
[2015-12-28 09:42:14] chromaticcr : yo rt
[2015-12-28 10:19:07] TschavaTschigger : morning
[2015-12-28 11:04:50] rapidtrades : sup
[2015-12-28 11:50:01] sleger : Stupidest time of the day has come : hello longs, time to close before settlement to save on fees
[2015-12-28 12:12:31] rapidtrades : noone's selling
[2015-12-28 12:12:57] sleger : very little, I was only able to offset about 10k
[2015-12-28 12:31:12] TschavaTschigger : big props to @sleger for still believing in our community
[2015-12-28 12:33:18] TschavaTschigger : I gave up.. I am now getting rid of my positions before settlement.
[2015-12-28 12:36:59] laisee : been doing it that way as often as I can for months now.
[2015-12-28 12:37:39] laisee : no good surprises in settlement here., sadly ..
[2015-12-28 12:48:55] cataquil : you really got to get those exit limits in a few hours before settlement
[2015-12-28 12:49:16] cataquil : sucks if there are any good moves 11-12 umt
[2015-12-28 12:57:17] lockhedge : added real-time latency data to BIX alpha https://robotfinance.org/bix/
[2015-12-28 12:58:14] lockhedge : latency data currently only comes from my Frankfurt based server, will add more locations (and features) soon
[2015-12-28 12:58:50] habibi : go micmix fuck up this bot again ! :p
[2015-12-28 13:11:47] TschavaTschigger : lockhedge: surprised about the high latency to finex, frankfurt-milano shouldn't be that much
[2015-12-28 13:12:24] TschavaTschigger : also, kraken is in ireland, should be <50
[2015-12-28 13:12:29] TschavaTschigger : < 50
[2015-12-28 13:18:39] lockhedge : Bitfinex is very unstable, Kraken is also very surprising to me, maybe they have DDoS issues again - will add latency stats/charts at a later stage
[2015-12-28 13:29:38] TschavaTschigger : finex is unstable? really? are you pulling or using ws?
[2015-12-28 13:30:09] TschavaTschigger : it's 100% rockstable for me via ws
[2015-12-28 13:31:50] TschavaTschigger : how are you measuing the latency?
[2015-12-28 14:03:27] gielbier : anyone got a clue what the fairprice / market price api endpoints are?
[2015-12-28 14:05:01] justinlooking : /instrument i think. 1 sec
[2015-12-28 14:06:23] gielbier : aah great! ty :)
[2015-12-28 14:06:25] gielbier : https://www.bitmex.com/api/v1/instrument?symbol=XBT24H :)
[2015-12-28 14:07:06] justinlooking : nice one
[2015-12-28 14:07:45] gielbier : messing a bit with the api atm, but it seem most nodejs stuff is either deprecated, or removed
[2015-12-28 14:08:09] gielbier : but i'm not unhappy with this http://i.imgur.com/RJl7IgO.png
[2015-12-28 14:08:48] sleger : @admin : there seems to be more than just myself complaining about settlement fees, maybe it is not just a "moot point" anymore ?
[2015-12-28 14:09:12] gielbier : just kind of missed the "fair price" etc in that dataset
[2015-12-28 14:09:19] justinlooking : nice, what u write it in? I have done some curses stuff with termbox for go recently, was a pleasant experience...
[2015-12-28 14:11:35] gielbier : nodejs ofc :)
[2015-12-28 14:12:13] gielbier : im writing a api wrapper atm. packages on npm don't work good enough
[2015-12-28 15:15:50] TschavaTschigger : justinlooking: started to learn python a few days ago :D fukk my life this language is clean, smooth and easy
[2015-12-28 15:27:20] justinlooking : TschavaTschigger: wicked :)
[2015-12-28 15:28:48] gielbier : only thing i dont like about python is the ident syntax
[2015-12-28 15:29:09] TschavaTschigger : i love the indent syntax
[2015-12-28 15:29:16] chromaticcr : +1 to the indentation, some prefer 4 ' ', some 8 some tab
[2015-12-28 15:29:19] chromaticcr : hell lotta trouble
[2015-12-28 15:29:52] justinlooking : *cough* 2 *cough*
[2015-12-28 15:30:04] gielbier : nah then i need to turn the ide to do background color on tabs.
[2015-12-28 15:30:25] TschavaTschigger : I am just so overwhelmed by doing stuff for which I need 20 lines in Java in only 4-5 lines... and java is already high-level
[2015-12-28 15:31:18] gielbier : java is verbose as hell
[2015-12-28 15:43:02] REKT : Liquidated long on XBT24H: Sell 700 @ 424.43
[2015-12-28 15:57:00] Swedishnut : Dow and S&P getting pummeled below the 2050. Current is 2043 SP with further pressures down.
[2015-12-28 16:00:56] laisee : TschavaTschigger: > Python is v.nice language. You may never go back ...
[2015-12-28 16:01:07] rapidtrades : it's only 0.79% relax
[2015-12-28 16:01:12] rapidtrades : hardly pummeled
[2015-12-28 16:03:21] gielbier : laisee: until you walk away from your workstation and someone does a space/tab replace...
[2015-12-28 16:04:02] REKT : Liquidated long on XBT24H: Sell 8500 @ 423.48
[2015-12-28 16:08:46] laisee : gleiber> ah, thats what IDE settings are for. I don't use Tabs, so thats one good thing ;-)
[2015-12-28 16:15:19] cataquil : python has really good libraries
[2015-12-28 16:15:49] cataquil : syntax is not that clean imho
[2015-12-28 16:18:37] TschavaTschigger : it's fun to code though. java is really hard to get going, especially for small projects or when you are trying out something... and I don't know any other languages, I guess matlab/eviews/maple don't really count in that regard
[2015-12-28 16:20:46] cataquil : isn't eclipse easy to use for java? I usually use c# on visual studio
[2015-12-28 16:21:02] cataquil : but I can use python tools and step right into mmbot
[2015-12-28 16:23:06] TschavaTschigger : i use intellij, it's a fantastic ide. but still, creating small projects is much more effort in java than python for example. maybe I'm just too stupid though.
[2015-12-28 16:23:16] TschavaTschigger : the hardest part about java is maven :D
[2015-12-28 16:24:51] cataquil : jetbrains make some great tools
[2015-12-28 16:25:08] TschavaTschigger : I am just downloading pycharm :D
[2015-12-28 16:25:22] cataquil : I do like webstorm for angular
[2015-12-28 16:26:01] cataquil : yep I downloaded it but I saw python tools well supported in vs2015
[2015-12-28 16:26:14] cataquil : can switch python version, integration with pip
[2015-12-28 16:34:43] TschavaTschigger : I am just not sure if python is fast enough for the stuff I am doing, have multiple big lists on which I need to do operations every few milliseconds.. in Java there are special libs which allow me to create high-performance lists that store primitives (the standard collection lib is very slow).. not sure if I can get the same speed in py
[2015-12-28 16:42:29] sleger : depends what kind of operations ?
[2015-12-28 16:47:00] TschavaTschigger : pretty much all kinds. have normal lists where I insert/change/remove entries with certain index, or sort them. have fixed-size queues. have large hashmaps where I need fast put/get. ordered maps, ordered sets...
[2015-12-28 16:47:05] TschavaTschigger : guess I will just find out
[2015-12-28 16:49:12] sleger : Most of the underlying code is C++ so if you use the right object/library it should be fast
[2015-12-28 17:05:27] justinlooking : TschavaTschigger: it can bog down very quickly when async.
[2015-12-28 17:07:52] cataquil : how long will bm throw 503 after settlement
[2015-12-28 17:09:02] TschavaTschigger : Sam/Wally, are you here?
[2015-12-28 17:10:03] HowDoge : whoever made BIX, thanks :) you should plot it to a chart
[2015-12-28 17:14:17] TschavaTschigger : HowDoge: it was lockhedge :)
[2015-12-28 17:16:01] HowDoge : its very helpful :) thanks Lockhedge
[2015-12-28 17:16:40] BitMEX_Sam : TschavaTschigger: Yeah, what's up?
[2015-12-28 17:18:42] TschavaTschigger : BitMEX_Sam: have a little request. I am trying to use the "active orders" tab to get a quick overview of my active orders (sounds logical so far). However, the orders there are sorted by time, not my status... so sometimes I have to scroll down through 4-5 canceled orders to find active orders.. maybe you can put status as 1st sort-priority and time as 2nd? so we have the active orders on top?
[2015-12-28 17:19:22] TschavaTschigger : I know i can clear them manually, but still
[2015-12-28 17:19:44] BitMEX_Sam : Yeah, that's understandable
[2015-12-28 17:19:49] BitMEX_Sam : I'll add a ticket for it.
[2015-12-28 17:20:25] TschavaTschigger : makes more sense if we can see the active orders first on the "active orders" tab, not the canceled ones
[2015-12-28 17:20:26] TschavaTschigger : thanks
[2015-12-28 17:20:55] wurstgelee : or simply two checkboxes to filter canceld and filled orders....
[2015-12-28 17:20:59] wurstgelee : *e
[2015-12-28 17:21:02] wurstgelee : ;)
[2015-12-28 17:21:10] gielbier : sup mr wurst
[2015-12-28 17:21:24] TschavaTschigger : or that :)
[2015-12-28 17:22:09] wurstgelee : gielbier: not much, home from work 5 mins ago, mixed a gin tonic, now couching ;)
[2015-12-28 17:24:23] gielbier : nice
[2015-12-28 17:24:39] wurstgelee : last working day for this year =)
[2015-12-28 17:25:06] gielbier : still 2 day to go here
[2015-12-28 17:25:15] wurstgelee : also dash might finally get a pump now, feels like i am bagholding it since.... forever :|
[2015-12-28 17:25:26] wurstgelee : meh @ 2 days
[2015-12-28 17:25:43] gielbier : nah its rather chill tbh
[2015-12-28 17:25:57] gielbier : not many ppl, work gets done
[2015-12-28 17:26:58] wurstgelee : had almost the same today. almost no people.
[2015-12-28 17:27:05] wurstgelee : but didnt get anything done
[2015-12-28 17:27:08] gouda : anyone else chart messed up in bitmex
[2015-12-28 17:27:09] wurstgelee : oO
[2015-12-28 17:27:16] gouda : i only see volume but no candles
[2015-12-28 17:27:26] gouda : anyone know how to turn candles back on
[2015-12-28 17:27:26] wurstgelee : nope, looks fine
[2015-12-28 17:27:55] coolcatgee : right click chart, "Reset Chart"
[2015-12-28 17:28:13] gouda : first thing i did :D
[2015-12-28 17:28:26] gouda : http://prntscr.com/9jiiu6
[2015-12-28 17:28:58] coolcatgee : click and drag the price indicator on the right
[2015-12-28 17:29:06] coolcatgee : your price is outofbounds
[2015-12-28 17:29:42] coolcatgee : or left click the chart and drag your mouse up
[2015-12-28 17:29:53] gouda : http://prntscr.com/9jijil
[2015-12-28 17:29:55] gouda : nope
[2015-12-28 17:30:10] coolcatgee : hmm
[2015-12-28 17:30:21] gouda : logging out didn't fix it either
[2015-12-28 17:30:27] coolcatgee : restart browser?
[2015-12-28 17:30:31] gielbier : who is the api dev from bitmex?
[2015-12-28 17:30:44] BitMEX_Sam : gielbier: I am
[2015-12-28 17:30:58] BitMEX_Sam : gouda: Sounds like a TradingView bug, you can likely fix it by opening a console and:
[2015-12-28 17:31:03] BitMEX_Sam : `localStorage.clear()`
[2015-12-28 17:31:22] BitMEX_Sam : then refresh.
[2015-12-28 17:31:33] gouda : thanks for the help.. looks like issue with firefox
[2015-12-28 17:31:39] gouda : chrome works
[2015-12-28 17:31:43] gielbier : BitMEX_Sam: can you please auth when headers are send on public apis
[2015-12-28 17:31:49] gielbier : remove
[2015-12-28 17:32:15] BitMEX_Sam : I'm curious, why does it matter?
[2015-12-28 17:32:32] BitMEX_Sam : All requests, public or private, are ratelimited
[2015-12-28 17:33:42] gielbier : because i can do https://www.bitmex.com/api/v1/instrument?symbol=XBT24H without valid apikey. but if I set apikey header. auth gets enfornced
[2015-12-28 17:34:09] gielbier : seems like a waste
[2015-12-28 17:34:22] BitMEX_Sam : Yes, auth is used for ratelimiting. We generally fail hard rather than silently do the wrong thing. If you sent invalid credentials, you might be ratelimited prematurely
[2015-12-28 17:34:45] BitMEX_Sam : It doesn't cost a significant amount on our end. If you are concerned about it simply don't send the headers.
[2015-12-28 17:35:36] gielbier : nah. i mean more the point that you still have auth stuff running on public apis. so it messed with nodejs stuff, setting default headers for testing
[2015-12-28 17:36:09] BitMEX_Sam : Sorry but this is the way it has to work, we use the auth to allow higher ratelimits for users who have requested them
[2015-12-28 17:36:21] BitMEX_Sam : We don't like to fail silently, so if invalid credentials are set we intend for a 401 to be sent.
[2015-12-28 17:36:56] BitMEX_Sam : As for Node, perhaps you haven't seen https://github.com/BitMEX/api-connectors/tree/master/official/node
[2015-12-28 17:40:09] gielbier : yeah i saw that one
[2015-12-28 18:12:56] cataquil : Sam: on DPE page, how is bankruptcy price initially determined? ie long $100 liquidation price 99.50... so I assume liquidation price is the stoploss. but bankruptcy price is 0.50 lower, why there initially.
[2015-12-28 18:13:28] cataquil : I realize if there is anything in insurance fund it will be added to bankruptcy price
[2015-12-28 18:27:20] micmix : BitMEX_Sam: was BitMEX down for couple minutes at 2015-12-28T13:08:24.218Z or is it something on my side?
[2015-12-28 18:41:17] sleger : i saw the website down couple of minutes too earlier today'
[2015-12-28 18:42:46] nn_ : Hi anyone trading XBT here
[2015-12-28 18:43:40] Sunray091 : Oh cool IRC mirrors the trollbox
[2015-12-28 18:48:51] TschavaTschigger : micmix: 13:08 UTC? my logs don't show any disconnects
[2015-12-28 19:19:17] macios15 : sooo boring
[2015-12-28 19:27:51] cekseh : https://i.gyazo.com/f1c09d89be370a46c62b16268b76391a.png
[2015-12-28 19:32:07] micmix : TschavaTschigger: websocket didn't disconnect but I was getting timeouts from the REST API, maybe proxy problems
[2015-12-28 19:32:28] TschavaTschigger : micmix: didn't have any problems, checked logs
[2015-12-28 19:32:42] TschavaTschigger : and I was using rest
[2015-12-28 19:33:05] micmix : TschavaTschigger: ah ok, thanks, must be something here
[2015-12-28 19:40:36] REKT : Liquidated long on XBT24H: Sell 1408 @ 421.49
[2015-12-28 19:40:37] REKT : Liquidated long on XBT24H: Sell 1000 @ 420.99
[2015-12-28 19:47:06] rapidtrades : so no premium at all today huh? cmooooon buy some :)
[2015-12-28 19:49:28] rapidtrades : bitcoin so cheap here :)
[2015-12-28 19:52:43] habibi : are u retarted
[2015-12-28 19:52:47] habibi : or are u rapidtrades?
[2015-12-28 19:55:07] REKT : Liquidated long on XBT24H: Sell 100 @ 420.39
[2015-12-28 19:56:07] REKT : Liquidated long on XBT24H: Sell 2 @ 418.69
[2015-12-28 19:56:07] REKT : Big whale detected
[2015-12-28 19:56:07] REKT : Liquidated long on XBT24H: Sell 300 @ 418.65
[2015-12-28 19:57:38] micmix : I'd be happy to buy some more but no one is selling
[2015-12-28 19:57:51] rapidtrades : good
[2015-12-28 20:01:00] laisee : wait for next dump. another 2 or 300 for sale then.
[2015-12-28 20:09:49] rapidtrades : tbe unrealized PnL for the march contract is since Friday?
[2015-12-28 20:10:56] justinlooking : yes it's rebalanced on fridays
[2015-12-28 20:11:11] rapidtrades : ok tnx
[2015-12-28 20:20:22] sleger : you still didnt know that ??????
[2015-12-28 20:25:40] cataquil : provocative=default
[2015-12-28 20:26:20] cataquil : Bix thanks for making pusher open
[2015-12-28 20:41:36] rapidtrades : I'm desperate for attention so I have to reply to anything smone special says and use a lot of question marks????????
[2015-12-28 20:41:47] zanza : ????
[2015-12-28 20:49:55] justinlooking : no love at btcc
[2015-12-28 21:53:09] REKT : Liquidated short on XBT24H: Buy 500 @ 423.07
[2015-12-28 22:04:19] rapidtrades : cataquil: whats pusher
[2015-12-28 22:09:06] sleger : how is your bot progressing ?
[2015-12-28 23:07:58] cataquil : rapidtrades: websocket channel for BIX
[2015-12-28 23:08:22] cataquil : https://github.com/pusher/pusher-js
[2015-12-28 23:12:37] Swedishnut : Nice digest :)
[2015-12-28 23:14:49] micmix : cataquil: pusher is not bad, I was using it with Cryptsy. some disconnects here and there but generally stable
[2015-12-28 23:24:57] ag580108 : Is this exchange better then ok coin??
[2015-12-28 23:30:59] cataquil : the php script doesn't include as much data as just calling the pusher script in the webpage
[2015-12-28 23:36:47] BitMEX_Sam : ag580108: Definitely
[2015-12-28 23:48:34] SlinQ : bitmex is one of the best exchanges i've seen
[2015-12-28 23:54:54] zanza : definitely best interface SlinQ
[2015-12-28 23:57:10] TschavaTschigger : guys, if you have problems with bitmex website on android due to heavy JS, try puffin
[2015-12-28 23:57:21] TschavaTschigger : it's incredibly fast and smooth
[2015-12-28 23:58:14] TschavaTschigger : orderbook moving smooth on my galaxy s2... with chrome I have no chance
[2015-12-29 00:03:13] zanza : galaxy s2 what year is this?
[2015-12-29 00:11:33] TschavaTschigger : 2016 I'll buy a new phone
[2015-12-29 00:17:48] Universe : lol
[2015-12-29 01:04:39] cataquil : puffin looks like a bunch of flash dev last ditch shot at staying on the phone
[2015-12-29 01:23:51] TschavaTschigger : the browser is awful, but very fast. I don't use it for browsing, just for heavy js sites
[2015-12-29 01:39:08] rapidtrades : China sets the Yuan reference rate at 6.4864 against the US Dollar, 6.4750 prioR
[2015-12-29 02:09:35] chromaticcr : here we go again
[2015-12-29 02:09:48] habibi : chromaticcr: wheere?
[2015-12-29 02:10:01] chromaticcr : oh i mean USDCNY
[2015-12-29 02:10:27] chromaticcr : been like a stable rate for a week
[2015-12-29 02:13:34] REKT : Liquidated long on XBT24H: Sell 1000 @ 422.53
[2015-12-29 02:43:25] ag580108 : made over $600 today by following signals from http://bitpredicts.com/ and twitters :)
[2015-12-29 02:45:49] cekseh : https://ixquick.com/do/search?q=bitpredicts
[2015-12-29 02:46:01] cekseh : I think you are being disingenuous.
[2015-12-29 02:46:03] cekseh : =)
[2015-12-29 02:46:45] j8 : lol
[2015-12-29 02:46:48] SnackyCoins : lol cek
[2015-12-29 02:47:02] SnackyCoins : @Bitmex_Arthur i think we got a spambot
[2015-12-29 02:47:30] j8 : stay at home mom makes $12732 a week using this one simple trick!
[2015-12-29 02:48:49] habibi : ag580108: made 1200$ today by playing against bitrpedicts
[2015-12-29 02:49:24] SnackyCoins : nobody made shit today because we haven't gone anywhere 8)
[2015-12-29 02:49:46] macios15 : SnackyCoins: +1 fucking boring
[2015-12-29 02:50:23] habibi : SnackyCoins: lier!
[2015-12-29 02:50:48] SnackyCoins : spot moved more than we did
[2015-12-29 03:23:07] Swedishnut : Spot runs outside and chases sticks :)
[2015-12-29 03:53:08] JDUB99 : hi question about xbu7d
[2015-12-29 03:53:21] JDUB99 : why do I have realized PNL when my position is still open?
[2015-12-29 03:54:09] JDUB99 : do I get charged or rewarded for holding a position?
[2015-12-29 03:59:23] Swedishnut : if your short and it ges down reward. and visa versa for holding
[2015-12-29 04:07:50] JDUB99 : even though i still have unrealized PNL?
[2015-12-29 04:08:33] JDUB99 : so does that mean by holding a winning for a year, I get rewarded even if that position becomes a loss later?
[2015-12-29 04:09:07] JDUB99 : and why does it seem like my reward is so much larger than my penalty ratio?
[2015-12-29 04:12:01] JDUB99 : is there somewhere I can read up on the policy for realized PNL?
[2015-12-29 04:21:27] BitMEX_Arthur : JDUB99: Unrealised PNL is the difference between your entry price and the Mark Price
[2015-12-29 04:21:45] BitMEX_Arthur : You only realise PNL once you have closed a position
[2015-12-29 04:30:11] JDUB99 : thats the thing is that I have realized PNL even though my position is still open
[2015-12-29 04:30:18] JDUB99 : is it froma previous position?
[2015-12-29 04:48:07] BitMEX_Arthur : JDUB99: yes it will show life to date realised pnl for that symbol
[2015-12-29 04:48:44] BitMEX_Arthur : say you bought 10 at 100 and sold 1 at 110, your realised pnl would be 1 and your unrealised pnl 9
[2015-12-29 04:49:07] BitMEX_Arthur : 10 and 90 for the pnl
[2015-12-29 04:55:41] JDUB99 : ok i see it, thanks arthur!
[2015-12-29 05:47:27] kingscrown : make 100 #bitcoin before halving guide - http://fuk.io/how-to-make-100-btc-within-5-months-earn-bitcoins-before-halving-in-2016/
[2015-12-29 06:04:08] zanza : click my referral links lol
[2015-12-29 06:14:38] REKT : Liquidated long on XBT24H: Sell 100 @ 419.39
[2015-12-29 06:44:52] ethexio : eep
[2015-12-29 06:54:13] zanza : the new XBU seems really popular so far
[2015-12-29 08:26:11] REKT : Liquidated long on XBT24H: Sell 1888 @ 419.75
[2015-12-29 09:00:57] rapidtrades : good morning REKT!
[2015-12-29 09:06:41] Gomezpl : morning
[2015-12-29 09:06:48] Gomezpl : but its 10.06:)
[2015-12-29 10:18:03] REKT : Liquidated short on XBT24H: Buy 8 @ 421.70
[2015-12-29 11:00:12] sleger : "BitMEX_Arthur: You only realise PNL once you have closed a position" that was wrong by the way
[2015-12-29 11:02:45] BitMEX_Arthur : sleger: How so he asked about XBU contracts, there is no rebalancing, so you only realise pnl when you close a positino
[2015-12-29 11:02:48] BitMEX_Arthur : position
[2015-12-29 11:03:24] sleger : BitMEX_Arthur: missed the fact it was xbU7, then it was entirely correct, my apologies
[2015-12-29 11:03:33] BitMEX_Arthur : :)
[2015-12-29 11:35:26] cataquil : can you read sledger?
[2015-12-29 11:35:49] cataquil : ;)
[2015-12-29 11:36:44] sleger : cataquil: it's "sleger" not "sledger", can you read ?
[2015-12-29 11:36:54] sleger : ;)
[2015-12-29 11:38:17] laisee : freudian slip
[2015-12-29 12:06:28] rapidtrades : laisee: how is that slip freudian?
[2015-12-29 12:10:45] BitMEX_Wally : It's when you say one thing and mean a mother
[2015-12-29 12:11:31] sleger : lol
[2015-12-29 12:13:08] rapidtrades : hehe
[2015-12-29 12:17:16] laisee : cos sleger is a .... slegder ... har har har ;-)
[2015-12-29 12:17:59] rapidtrades : but sledger is not an actual word so it doesn't make sense
[2015-12-29 12:18:29] laisee : rapidtrades: > I take it you don't follow cricket?
[2015-12-29 12:29:22] sleger : laisee: are you indian ?
[2015-12-29 12:52:57] justinlooking : sleger: got an opinion on direction today?
[2015-12-29 12:59:40] sleger : nope
[2015-12-29 13:45:30] laisee : sleger: > pick another colony
[2015-12-29 14:09:37] sleger : laisee: just said that because only people I know who watch cricket are indians :)
[2015-12-29 14:16:06] BitMEX_Wally : sleger: You're French and don't know any Englishmen?
[2015-12-29 14:42:21] sleger : and I've lived in London, but no, french stick together :p
[2015-12-29 15:01:49] BitMEX_Wally : http://www.bbc.com/news/magazine-18234930 `London, France's sixth biggest city`
[2015-12-29 15:07:22] laisee : sleger: > no worries.
[2015-12-29 15:07:58] REKT : Big whale detected
[2015-12-29 15:07:58] REKT : Liquidated short on XBT24H: Buy 1 @ 425.22
[2015-12-29 15:11:50] laisee : rapidtrades: > gotta allocate more capital to those short trades
[2015-12-29 15:12:18] REKT : Liquidated short on XBT24H: Buy 130 @ 426.12
[2015-12-29 15:29:16] mwalshe99 : london, france's sixth biggest city
[2015-12-29 15:29:19] mwalshe99 : something i never want to see again
[2015-12-29 15:29:19] mwalshe99 : ever
[2015-12-29 15:29:24] mwalshe99 : admins ban him
[2015-12-29 15:29:59] sleger : you're not being clear at all : what is this "something" and who is "him" ?
[2015-12-29 15:30:18] mwalshe99 : Wally
[2015-12-29 15:30:20] mwalshe99 : ban him
[2015-12-29 15:30:39] BitMEX_Wally : Sure
[2015-12-29 15:30:56] sleger : on which base ?
[2015-12-29 15:31:02] mwalshe99 : cheers mate really loving the self-sacrifice
[2015-12-29 15:31:13] mwalshe99 : its gotta be done though
[2015-12-29 15:31:23] mwalshe99 : btw i do really like this exchange
[2015-12-29 15:32:54] BitMEX_Arthur : mwalshe99: Glad to hear it
[2015-12-29 15:33:50] sleger : any planned change about these twice too high settlement fees ?
[2015-12-29 15:37:04] arbitrage001 : what twice settlement fee?
[2015-12-29 15:38:02] billyboy402 : charging the large hold a fee for settlment suck ., you cant off sell them in time . and then we get wack a fee
[2015-12-29 15:38:34] billyboy402 : i personnally think there should only be a single open fee , and no close
[2015-12-29 15:38:37] sleger : arbitrage001: the settlement fee is twice what the exchange would collect if traders would close their positions against each other, which does not make sense
[2015-12-29 15:39:44] Swedishnut : I think they do it to discourage buy and wait for settlement. rather have active trading and profit creation from smoothing out bids and asks
[2015-12-29 15:40:52] sleger : Then it's a really weird idea... traders will trade if they want to, it just discourages the people who want to take a position to take it here. Choosing to not cater to a part of the trading population for an exchange is a bit weird
[2015-12-29 15:41:05] billyboy402 : you cant close 50,000 contract , there no orderbook to close out , look at the weekly this week , i would love to close on the lows , but we were close to $15 above , even OKC got lower this week .
[2015-12-29 15:42:04] billyboy402 : i know they have different settlment index , but gwww they got to 413 ,
[2015-12-29 15:42:43] billyboy402 : 25 march (3 monthly is $50 more then okc) , what dick is buying at that price
[2015-12-29 15:43:28] billyboy402 : OKC 442 vs bitmex 510...
[2015-12-29 15:43:31] habibi : billyboy402: so just hedge both contracts against
[2015-12-29 15:45:49] sleger : yes, price is not an issue, if you think it should be different, then good for you you have an awesome trading opportunity. The discussion was around settlement fees which make a certain way of trading prohibitive due to irrational fees : why are they twice what they should be ? Did someone make a logic mistake and refuses to admit it ?
[2015-12-29 15:47:03] billyboy402 : i thought future only have a open Fees ,
[2015-12-29 15:47:39] REKT : Liquidated short on XBT24H: Buy 11212 @ 431.67
[2015-12-29 15:47:50] Swedishnut : ouch
[2015-12-29 15:47:57] sleger : billyboy402: you should read the documentation
[2015-12-29 15:49:59] REKT : Liquidated long on XBT24H: Sell 3000 @ 431.25
[2015-12-29 15:49:59] REKT : Liquidated long on XBT24H: Sell 10 @ 431.23
[2015-12-29 15:51:39] BitMEX_Arthur : billyboy402: https://www.bitmex.com/app/fees
[2015-12-29 15:51:51] billyboy402 : cheers
[2015-12-29 15:55:43] billyboy402 : is weekly chart frozen for you guys
[2015-12-29 15:55:59] billyboy402 : or is that trading veiw
[2015-12-29 15:57:01] BitMEX_Sam : I've seen it fail to load in certain circumstances, a refresh clears it up
[2015-12-29 15:57:10] BitMEX_Sam : There's no error so I haven't yet gotten to the bottom of it
[2015-12-29 15:57:50] billyboy402 : yea the daily is up , but the weekly is frozen
[2015-12-29 15:58:24] BitMEX_Sam : Frozen? As in, you see data but it's out of date?
[2015-12-29 15:58:31] billyboy402 : BitMEX_Sam: ive been trying to work out how to short 3 monthly here and buy some where and headge , but doesnt look right
[2015-12-29 15:59:23] billyboy402 : look like there a bell curve , with a sweet spot and every dollor different make your profits less , untill it hit like $200 and then you start to lose money
[2015-12-29 16:00:11] billyboy402 : BitMEX_Sam: what the best way to heage , XBU vs OKX it fine at long the index and settlment hold out
[2015-12-29 16:03:32] sleger : billyboy402: maybe that's why the premium is so high, cause no free lunch, so take your chances ;)
[2015-12-29 16:04:42] BitMEX_Arthur : billyboy402: You are describing the differences in structure
[2015-12-29 16:04:44] BitMEX_Arthur : quanto vs. inverse
[2015-12-29 16:04:56] billyboy402 : sleger: care to explain , maybe there a language barrier but your comment was not at all helpfull
[2015-12-29 16:05:17] BitMEX_Arthur : xbt contracts like XBTH16 have quadratic returns in USD so they will be expensive
[2015-12-29 16:05:36] BitMEX_Arthur : xbu or inverse like okc, have 1/x returns in bitcoin so they will be cheaper
[2015-12-29 16:05:41] sleger : billyboy402: well, if you buy spot and sell march and price stays same you make money too easily
[2015-12-29 16:06:08] BitMEX_Arthur : billyboy402: https://blog.bitmex.com/xbt-vs-xbu-chain/
[2015-12-29 16:06:22] BitMEX_Arthur : That blog post explains why each future contract trades the way it does
[2015-12-29 16:06:32] billyboy402 : BitMEX_Arthur: I dont understand why some one would want to buy 520 and want to hold it , if in 3 months it goes to $520 , you dont make any profits ... and you lose if it below
[2015-12-29 16:06:58] BitMEX_Arthur : well if it's 520 when spot is 430, what happens when spot is 500 in a week say
[2015-12-29 16:07:00] sleger : billyboy402: because if it goes to 1040 you make so much more
[2015-12-29 16:07:05] BitMEX_Arthur : the price of XBTH16 will be higher
[2015-12-29 16:07:06] BitMEX_Arthur : and you can sell
[2015-12-29 16:07:11] billyboy402 : sleger: you mean , sell Qtly , and buy weekly , ,,,, let it settle and then buy it again
[2015-12-29 16:07:30] BitMEX_Arthur : billyboy402: I suggest you spend some time on blog.bitmex.com
[2015-12-29 16:07:30] sleger : billyboy402: no I meant buy spot bitcoin and sell quaterly
[2015-12-29 16:07:47] BitMEX_Arthur : I have written extensively about how to profit from the premium
[2015-12-29 16:07:52] BitMEX_Arthur : and the risks involved