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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[2016-01-04 00:36:08] sleger : i dont understand why the approval process is so strict
[2016-01-04 00:36:27] micmix : it
[2016-01-04 00:36:30] sleger : 2000 lots of position is not even 10btc of risk, that is really nothing for any company
[2016-01-04 00:37:24] sleger : they only even need 1btc to take 10btc of risk with 10x leverage
[2016-01-04 00:37:53] micmix : the tests are 10btc of risk, I don't need approval for that
[2016-01-04 00:38:29] micmix : * the test are capped at 10btc of risk
[2016-01-04 00:39:06] sleger : ok, so you could easily have made markets with 1k lots and repeat once even after being taken on one side
[2016-01-04 00:39:19] sleger : I only remember lots of 100ish at best
[2016-01-04 00:40:50] micmix : of course, the size depends on the model parameters, sometimes it works better with smaller offers taken many times on each side
[2016-01-04 00:41:54] micmix : you will see the size vary, as well as number of orders on each side
[2016-01-04 00:43:04] micmix : it's a weird MM, I know :-)
[2016-01-04 00:45:35] sleger : I dont mind weird, I entertain rapidtrades after all...
[2016-01-04 00:51:17] micmix : it's a good bot to annoy people by staying on top of the book most of the time :-)
[2016-01-04 01:41:58] REKT : Liquidated short on XBT24H: Buy 400 @ 430.14
[2016-01-04 01:54:38] REKT : Big whale detected
[2016-01-04 01:54:38] REKT : Liquidated short on XBT24H: Buy 1 @ 430.41
[2016-01-04 02:50:19] REKT : Liquidated short on XBT24H: Buy 32440 @ 430.66 <b>MEGA-REKT</b>
[2016-01-04 02:51:09] REKT : Liquidated short on XBT24H: Buy 3200 @ 431.77
[2016-01-04 02:54:09] REKT : Liquidated short on XBT7D: Buy 450 @ 434.00
[2016-01-04 02:54:20] drizzyjoe : Can anyone sell me some bitcoins?
[2016-01-04 02:54:51] drizzyjoe : I can pay 12.5% over spot . Venmo preferred. Thanks
[2016-01-04 02:56:16] habibi : localbitcoins.
[2016-01-04 04:15:45] ethexio : Any way to change session timeout length?
[2016-01-04 04:31:11] REKT : Liquidated long on XBT24H: Sell 380 @ 429.83
[2016-01-04 11:14:27] rapidtrades : noone trading?
[2016-01-04 11:15:36] rapidtrades : it's Jan 4 goddamit...time to REKT some ppl
[2016-01-04 14:54:33] REKT : Liquidated short on XBT24H: Buy 35 @ 434.14
[2016-01-04 15:54:40] pankaj223 : Hi
[2016-01-04 15:55:06] pankaj223 : I have coins to sell
[2016-01-04 16:09:11] BitMEX_Sam : pankaj223: Please take that to localbitcoins or bitcointalk
[2016-01-04 16:57:49] tscha : **AUSTRIA** https://www.coinimal.com/news/2016/use-coinimal-to-directly-spend-your-bitcoins-on-amazon-de/
[2016-01-04 16:58:08] tscha : whoop whoop
[2016-01-04 17:15:19] lockhedge : tscha: first Bitcoin company that has a partnership with Amazon Germany?
[2016-01-04 17:16:15] BitMEX_Sam : Any affiliation with Coinimal tscha?
[2016-01-04 17:16:46] BitMEX_Sam : If you do, tell them that #888 text on a white bg is a sin :)
[2016-01-04 17:21:46] tscha : lockhedge: I think so, @BitMEX_Sam nope I don't
[2016-01-04 18:51:10] tscha : goblin city here we come
[2016-01-04 18:53:10] sleger : just like when I bought at 422 yesterday ? ahahahah
[2016-01-04 18:54:56] tscha : sleger: good for you :)
[2016-01-04 18:55:24] sleger : you said that I was sooooo often wrong though :'(
[2016-01-04 18:56:34] tscha : well.. you are :D
[2016-01-04 18:57:29] tscha : the thing is that you only talk about your trades after they price moved into a favorable direction
[2016-01-04 18:57:31] sleger : but the best example you found was so ridiculous though
[2016-01-04 18:58:06] sleger : that is not true I said when I took that 120k liq 3-4 days ago, I said when I bought that 40k yesterday
[2016-01-04 18:58:10] tscha : had the price moved down, we would have never heard about a big long from sledgi ;)
[2016-01-04 18:58:20] sleger : before I actually even did the trades
[2016-01-04 18:59:38] sleger : of course there are losing trades, but I never hid them, I have no shame with my track record...
[2016-01-04 19:05:15] cataquil : thats good way too many traders have closets full of skeletons
[2016-01-04 19:06:13] drizzyjoe : pankaj223: hey are you available
[2016-01-04 19:06:42] drizzyjoe : pankaj223: I need some bitcoins ASAP
[2016-01-04 19:07:44] sleger : yeah and you'll pay with venmo or paypal, and a few days later how does he know you will not cancel the transfer ?
[2016-01-04 19:08:53] drizzyjoe : sleger: the payment will be made with my bank I wouldn't be able to reverse it, but thanks for the input.
[2016-01-04 19:09:32] tscha : drizzyjoe: why don't you buy them on localbitcoins or an exchange like anyone else?
[2016-01-04 19:10:48] sleger : drizzyjoe: ok but you had said "drizzyjoe: I can pay 12.5% over spot . Venmo preferred."
[2016-01-04 19:11:05] sleger : I read Venmo. What do you mean with your bank ? SEPA transfer ?
[2016-01-04 19:15:04] drizzyjoe : sleger: Venmo connected to my bank. I'd even show proof that it's my bank connected to Venmo. Im still in college so a bank transfer or anything risky is not in my playing field. At least if I get scammed after sending payment I could dispute it and hope to get my money back. I'm maxed out on coinbase and other providers don't really offer much security
[2016-01-04 19:17:15] sleger : From venmo website : "If a sender of a payment later disputes the payment or files a claim for a chargeback, the debit or credit card issuer or the originating bank, not Company, will determine whether the dispute is valid and to whom payment is due" which means chargeback are also possible, and many people use that as a scam.
[2016-01-04 19:17:55] sleger : scams around bitcoin help ruin its reputation and I advise anyone against using venmo or paypal or similar services to sell their bitcoins as there is just too much risk, for the sellers.
[2016-01-04 19:29:03] drizzyjoe : I've been trading for years, if I had an intention to scam id be gone by now.
[2016-01-04 19:29:25] habibi : and we know u for... 5 minutes
[2016-01-04 19:29:41] habibi : so even u pope or putin, still doesnt mean anything to us
[2016-01-04 19:34:08] drizzyjoe : Ok I'm not forcing anyone of you to trade with me. It was an offer
[2016-01-04 19:34:22] BitMEX_Sam : drizzyjoe: Please take this conversation elsewhere: email, IRC, bitcointalk, etc., but not here
[2016-01-04 19:34:36] drizzyjoe : its good that you guys are helping anyone who could've possibly made a bad deduction
[2016-01-04 19:34:42] habibi : drizzyjoe: just what's the problem with finding proper trader at localbitcoin
[2016-01-04 20:30:54] cataquil : careful there are scammers at localbitcoin as well. Someone I know traded btc for paypal cash, and it was a hacked paypal account
[2016-01-04 20:32:09] REKT : Liquidated short on XBT7D: Buy 950 @ 438.85
[2016-01-04 21:06:09] REKT : Liquidated long on XBT24H: Sell 1500 @ 432.63
[2016-01-04 21:06:09] REKT : Liquidated long on XBT24H: Sell 6616 @ 432.44
[2016-01-04 21:09:39] habibi : in worst case scammer will met scammer :)
[2016-01-04 22:21:13] cataquil : my friend runs on online art store which accepts btc, so he sells it sometime on localbitcoins
[2016-01-04 23:07:53] cekseh : There is a reason why nobody accepts paypal for btc
[2016-01-04 23:08:24] cekseh : You friend should have known better, assuming he knows how to internet.... =)
[2016-01-04 23:18:50] sleger : I'd like to buy some march or june futures, anyone wants to put a better/bigger offer ?
[2016-01-04 23:20:57] micmix : I put 5k @ 649.99 on XBTM16 :-)
[2016-01-04 23:21:27] sleger : and I wont take it :p
[2016-01-04 23:22:00] micmix : 625?
[2016-01-04 23:22:44] habibi : whats the point buying here quaterlies if okc is much more lower?
[2016-01-04 23:23:00] sleger : im just gonna buy some ice cream I guess
[2016-01-04 23:23:09] habibi : shorting here as a hedge is not a better option?
[2016-01-04 23:23:19] sleger : habibi: What's the point of buying caviar if bread is so much cheaper ?
[2016-01-04 23:24:00] habibi : pretty useless comparison, whats the point of buying bread if bread is so much cheaper @next shop?
[2016-01-04 23:24:01] micmix : quanto futures will be priced higher laways
[2016-01-04 23:24:10] micmix : *always
[2016-01-04 23:24:14] sleger : habibi: cf what micmix just said
[2016-01-04 23:24:32] sleger : you are wrong in your comparison, mine was purposely exaggerated
[2016-01-04 23:24:42] sleger : because these 2 contracts are not the same thing
[2016-01-04 23:24:57] habibi : k fair enought
[2016-01-04 23:25:29] sleger : the real question is :how much is the difference worth
[2016-01-04 23:25:42] micmix : selger, 2k @ 610?
[2016-01-04 23:26:04] sleger : micmix: nah fair price is 585, it traded around 590 max
[2016-01-04 23:26:10] micmix : sorry sleger, misspelled you username :-)
[2016-01-04 23:27:02] sleger : if you put 20k+ at 595 I might consider it
[2016-01-04 23:28:18] micmix : but-but-but quanto! :-)
[2016-01-04 23:30:09] micmix : I'll wait for the rally then sell to over-eager longers @ 650-700
[2016-01-04 23:30:33] sleger : sounds like a plan, and I'll wait for some crash to buy them at 350 ;)
[2016-01-04 23:31:12] micmix : yep, that's the way to do it :-)
[2016-01-04 23:34:13] micmix : you can spend 10 minutes and write a bot that buys up all offers in a pre-defined range. that's the only way to get larger positions here
[2016-01-04 23:37:24] sleger : I remember on icbit, mostly larger traders would agree on trades on the chat
[2016-01-04 23:37:33] sleger : and that worked pretty well, so i gave it a shot here
[2016-01-04 23:39:00] micmix : I'll need to move some money to be a larger trader, this is just a dev/test account with a few coins. My bots run on separate accounts
[2016-01-05 00:01:05] tscha : http://www.theverge.com/2016/1/4/10708144/mike-tyson-bitcoin-wallet-atm
[2016-01-05 00:01:30] tscha : Mike Tyson is in = moontime... everybody long
[2016-01-05 00:12:53] sleger : everybody long on a futures website makes just as much sense as some of your previous comments
[2016-01-05 00:19:10] tscha : seems like I have to add /s just for you...
[2016-01-05 00:23:13] sleger : That would be ideal, thanks !
[2016-01-05 01:24:44] arbitrage001 : this exchange has prove of reserve for us to check?
[2016-01-05 01:25:53] sleger : most of the owners are known and dont live in panama or such countries, I doubt they have any intention to disappear with your money
[2016-01-05 01:26:06] BitMEX_Arthur : arbitrage001: Nothing yet
[2016-01-05 01:26:10] BitMEX_Arthur : All funds are held in multi-sig
[2016-01-05 01:26:18] BitMEX_Arthur : and we process all withdrawals manually
[2016-01-05 01:26:40] arbitrage001 : ok
[2016-01-05 01:43:27] babybaby : sleger: where are they known? :)
[2016-01-05 01:46:49] sleger : everywhere. Just google it
[2016-01-05 01:49:59] habibi : there is a way to check most of their actual balance thru blockchain coz of the prefixes bitmex use :p
[2016-01-05 01:50:48] sleger : habibi: and how do you identify the real withdrawals from potentious fake ones ?
[2016-01-05 02:20:36] habibi : just basic check of all bmex* adresses
[2016-01-05 02:20:40] habibi : of balance
[2016-01-05 02:32:08] sleger : If I withdraw my balance to my personal account how will YOU know that it is my account and not the CEO's one ?
[2016-01-05 02:32:45] habibi : do i have to? just wanted to see if bitmex has any balances left in case sth bad happening
[2016-01-05 02:34:01] sleger : An audit should show that deposit - *legitimate* withdrawals are hold by bitmex
[2016-01-05 02:34:58] sleger : and bitmex uses bmex* adresses maybe, but not all bmex* adresses are used by bitmex
[2016-01-05 02:43:25] habibi : i didnt say about making an audit thru that :p
[2016-01-05 02:46:16] sleger : Ok. That was the original question that's why I mentioned that
[2016-01-05 03:13:50] micmix : BitMEX_Sam: XBU7D is a XBT/USD inverse future settling every Friday on the .XBT2H Index. Each contract is worth $100000 of Bitcoin. Are you sure it's $100,000? I'm afraid to trade it now :-0
[2016-01-05 03:31:34] ethexio : whee
[2016-01-05 03:39:59] gaoMex : Noob question: If I want to earn the basis difference between quarterly contracts, do I buy Mar and sell Jun?
[2016-01-05 03:41:34] gaoMex : Come Mar, if I do the same thing, i.e. buy Jun, sell Sep, am I doing it correct?
[2016-01-05 03:42:17] BitMEX_Sam : :+1:
[2016-01-05 03:43:47] gaoMex : During settlement in Mar, I will need to buy Jun 2 times?
[2016-01-05 03:46:13] BitMEX_Sam : Yeah, you'd want to convert a short to a long
[2016-01-05 03:46:26] BitMEX_Arthur : Depends
[2016-01-05 03:46:45] BitMEX_Sam : Here comes the official word. Arthur knows more about it than I do
[2016-01-05 03:47:30] BitMEX_Arthur : say u are long rolling, long mar short jun
[2016-01-05 03:47:45] BitMEX_Arthur : When mar expires you buy back Jun so you are flat
[2016-01-05 03:48:22] BitMEX_Arthur : but say you put mar vs Jun and you say a good opportunity to short roll short Jun into short Sep b4 mar expired
[2016-01-05 03:48:32] BitMEX_Arthur : you are long mar short Sep
[2016-01-05 03:48:49] BitMEX_Arthur : so then you would look to long roll mar into Jun
[2016-01-05 03:49:12] BitMEX_Arthur : when I talk about roll direction I refer to the action on The far leg
[2016-01-05 03:49:13] BitMEX_Sam : micmix: Thanks, I fixed that and it's already live, refresh to see the fix
[2016-01-05 03:49:57] BitMEX_Arthur : i.e. If I am long mar short Sep and I need to keep my position hedged I will long roll the mar into Jun. The mechanics are sell my long mar and rebut Jun
[2016-01-05 03:51:30] BitMEX_Arthur : let me know where I am it being clear
[2016-01-05 03:53:03] gaoMex : BitMEX_Arthur: You are very clear. Just that there are many technical terms and a number of details for a semi-amature to understand
[2016-01-05 03:53:58] BitMEX_Arthur : I encourage everyone to tune into our arbitrage lessons over the next 4 weeks
[2016-01-05 03:54:09] BitMEX_Arthur : i am going to start from the basics and build up
[2016-01-05 03:54:22] gaoMex : I will. I saw that in the newsletter. :)
[2016-01-05 03:55:48] BitMEX_Arthur : once you think solely in terms of interest rates things make more sense
[2016-01-05 03:56:04] BitMEX_Arthur : thats all a futures contract is
[2016-01-05 03:58:31] gaoMex : As long as the fair price is higher in longer quarterly than shorter quarterly, I should be profitable to long roll?
[2016-01-05 03:59:41] gaoMex : For a noob like me, I prefer to just buy spot and sell futures.
[2016-01-05 04:00:02] gaoMex : Unfortunately, current XBU is not attractive.
[2016-01-05 04:11:31] j8 : gaoMex: `XBTM16` is about $90 higher than `XBTH16`. say you short M and long the same number of contracts on H, and close M when H expires. if M is less than $90 above spot, you profit
[2016-01-05 04:17:17] gaoMex : j8: That's a very layman explanation. :)
[2016-01-05 04:17:51] gaoMex : Key statement is "if M is less than $90 above spot, you profit". Is this usually the case?
[2016-01-05 04:20:08] j8 : it really depends, for example the 3 month is more like $70 over spot now... better to look at it in terms of a % premium, or an annualized interest rate
[2016-01-05 04:20:36] j8 : if the price goes to $1000 then $90 for 3 months is not much at all.
[2016-01-05 04:22:19] gaoMex : I see.
[2016-01-05 04:22:27] j8 : if you look at Fair Basis Rate in the Instruments table on Advanced View, it shows the annualized rate, which helps
[2016-01-05 04:23:12] j8 : the longer futures have been ranging between 60-90% annualized
[2016-01-05 04:25:13] arbitrage001 : why people pay such high premium?
[2016-01-05 04:25:29] gaoMex : DPE is one reason.
[2016-01-05 04:25:40] arbitrage001 : dpe?
[2016-01-05 04:25:47] gaoMex : Quanto is another.
[2016-01-05 04:25:47] BitMEX_Arthur : arbitrage001: Because of leverage
[2016-01-05 04:25:55] BitMEX_Arthur : and the fact that quanto means bigger upside
[2016-01-05 04:27:05] BitMEX_Arthur : https://blog.bitmex.com/xbt-vs-xbu-chain/
[2016-01-05 04:27:10] BitMEX_Arthur : If you want to fully understand why
[2016-01-05 04:27:20] gaoMex : BitMEX_Arthur: I know okc has weekly, monthly, quarterly inverse futures. But I prefer BitMex to trade.
[2016-01-05 04:27:20] BitMEX_Arthur : I will be going over this in the webinar on thursday
[2016-01-05 04:27:22] j8 : i'll pay 75% on `H16` or `M16` because it seems cheap compared to 150+% on the daily and weekly (often)
[2016-01-05 04:27:56] BitMEX_Arthur : If you are speculating using btc, inverse contracts are not ideal
[2016-01-05 04:28:09] BitMEX_Arthur : 1/x is the function, which means your max unlevered upside is 100%
[2016-01-05 04:28:17] BitMEX_Arthur : and you have non linear losses on the downside in btc
[2016-01-05 04:28:21] BitMEX_Arthur : remember that you fund margin in btc
[2016-01-05 04:28:26] BitMEX_Arthur : so even though the dollar amount is constant
[2016-01-05 04:28:37] gaoMex : I want to buy spot and sell futures. So i guess I should be looking at inverse?
[2016-01-05 04:28:37] BitMEX_Arthur : your risk of margin call increases exponentially as the price falls
[2016-01-05 04:28:44] BitMEX_Arthur : gaoMex: yes
[2016-01-05 04:29:05] BitMEX_Arthur : if you do cash and carry by selling fut buying spot the inverse is the risk free trade
[2016-01-05 04:29:09] BitMEX_Arthur : the quanto is selling vol
[2016-01-05 04:29:16] BitMEX_Arthur : which is why the prem is bigger
[2016-01-05 04:29:21] gaoMex : Thing is only weekly is available now, which is not ideal...
[2016-01-05 04:29:36] gaoMex : unless the premium is greater than now.
[2016-01-05 04:29:44] BitMEX_Arthur : when i started trading on icbit in summer 2013 you could reliably make 200% pa
[2016-01-05 04:29:48] BitMEX_Arthur : using their inverse future
[2016-01-05 04:30:50] gaoMex : icbit more trustworthy than okc? ;)
[2016-01-05 04:31:03] BitMEX_Arthur : okc didn't exist at the time for futures
[2016-01-05 04:31:09] BitMEX_Arthur : icbit only game in town
[2016-01-05 04:31:16] gaoMex : I don't trust okc.
[2016-01-05 04:57:16] arbitrage001 : okc settlement price is rigged
[2016-01-05 08:56:21] zanza : 9-11 was an inside job
[2016-01-05 09:04:32] REKT : Liquidated long on XBT24H: Sell 3000 @ 431.29
[2016-01-05 09:05:32] REKT : Liquidated long on XBT24H: Sell 183 @ 431.13
[2016-01-05 09:05:32] REKT : Liquidated long on XBT24H: Sell 1007 @ 431.11
[2016-01-05 09:18:53] REKT : Liquidated long on XBT7D: Sell 250 @ 433.69
[2016-01-05 09:27:25] ethexio : BitMEX_Arthur: any way to set session timeout?
[2016-01-05 09:29:45] laisee : zanza: > elvis lives on the dark side of the moon. truth.
[2016-01-05 09:31:06] ethexio : Moon is hollow
[2016-01-05 09:48:43] laisee : so they say. All the better to store Nazi gold, former pop stars and contents of Fort Knox ...
[2016-01-05 09:57:43] REKT : Liquidated long on XBT24H: Sell 1012 @ 430.46
[2016-01-05 10:01:03] REKT : Liquidated long on XBT24H: Sell 200 @ 430.30
[2016-01-05 10:01:03] REKT : Liquidated long on XBT24H: Sell 12 @ 430.35
[2016-01-05 10:01:33] REKT : Liquidated long on XBT7D: Sell 334 @ 432.33
[2016-01-05 10:24:48] HowDoge : Any way to reset the charts on chrome on android? Somehow ended up with a bunch of indicators and no way to remove them on mobile :D
[2016-01-05 10:27:47] coolcatgee : Try press and hold?
[2016-01-05 10:41:34] trestres : hello... somebody from BITMex?
[2016-01-05 10:43:36] tscha : trestres: I am not working there (yet), but maybe I can help you
[2016-01-05 10:43:41] tscha : :D
[2016-01-05 10:43:41] gustavo7 : HowDoge: i cleared my android chrome data cache just data not cookies
[2016-01-05 10:43:55] gustavo7 : or maybe cookies too, anyway clear cache
[2016-01-05 10:44:06] trestres : thanks tsca
[2016-01-05 10:44:37] trestres : I am trying to understand how it work Mark price....
[2016-01-05 10:45:20] rapidtrades : don't worry about it
[2016-01-05 10:45:20] tscha : https://www.bitmex.com/app/dynamicProfitEqualisation
[2016-01-05 10:45:23] trestres : now june mark price is 591,73.... march is 498,14
[2016-01-05 10:45:33] tscha : Mark Price = Fair Price
[2016-01-05 10:45:41] trestres : yes.... but
[2016-01-05 10:45:51] rapidtrades : it's just middle of bid/ask
[2016-01-05 10:46:17] tscha : rapidtrades: only for 24H and 7D
[2016-01-05 10:46:30] trestres : yesterday when june was 584,31 march was 500,5
[2016-01-05 10:47:19] trestres : so today june was up and march was dawn
[2016-01-05 10:48:11] trestres : all of them are connected to .XBTH2H index.... how is it this possible?
[2016-01-05 10:48:43] rapidtrades : IT'S MIDDLE OF THE MARKET
[2016-01-05 10:49:16] tscha : rapidtrades: it's not dude
[2016-01-05 10:49:23] trestres : rapidtrades.... it is not ... look at march orderbook
[2016-01-05 10:49:34] tscha : only 24H and 7D use the impact mid price method
[2016-01-05 10:49:48] rapidtrades : whatever...useless debate
[2016-01-05 10:50:18] trestres : to understand it can be useful
[2016-01-05 10:50:18] tscha : trestres: contract details for the contracts you mentioned say "Fair Basis is manually adjusted at invervals to match the market"
[2016-01-05 10:50:59] tscha : I am not trading these contracts myself, so I don't know how this is done in practice. Just wait for Sam/Wally to answer this.
[2016-01-05 10:51:26] trestres : ok... and thank you tsca
[2016-01-05 10:51:35] trestres : tscha
[2016-01-05 10:58:12] rapidtrades : why does the shitty idex keep falling when okc/finex haven't changed
[2016-01-05 10:58:15] rapidtrades : BULLSHIT
[2016-01-05 10:58:32] rapidtrades : i fucking hate this index
[2016-01-05 11:00:02] BitMEX_Arthur : trestres: Hi
[2016-01-05 11:00:19] trestres : hi Arthur
[2016-01-05 11:00:25] BitMEX_Arthur : the March and June futures use an exchange set interest rate applied to the Underlying index
[2016-01-05 11:00:32] BitMEX_Arthur : So as the underlying index moves the fair price moves
[2016-01-05 11:00:41] BitMEX_Arthur : or if we the exchange change the interest rate
[2016-01-05 11:00:54] BitMEX_Arthur : I suggest you read that document someone linked you earlier closely
[2016-01-05 11:00:57] trestres : but the index is different?
[2016-01-05 11:01:02] BitMEX_Arthur : it goes through the calculations
[2016-01-05 11:01:05] BitMEX_Arthur : the index is the spot index
[2016-01-05 11:01:11] BitMEX_Arthur : The TradeBlock XBX Index
[2016-01-05 11:01:28] trestres : same for march and june?
[2016-01-05 11:01:41] BitMEX_Arthur : the underlying index is the same
[2016-01-05 11:01:56] BitMEX_Arthur : all the futures will expire on the tradeblock index price on settlement day
[2016-01-05 11:02:24] trestres : so... it is not possible to go up for june and down for march.... correct?
[2016-01-05 11:05:24] tscha : BitMEX_Arthur: the thing is: calculations for H and M contracts are not explained in the document I linked before. In this document, only the impact mid price method is explained. But this method is only used for 24H and 7D.
[2016-01-05 11:06:37] tscha : fair basis for long term contracts is manually set according to the corresponding contract details, but I don't know at what intervals.
[2016-01-05 11:08:52] lockhedge : BitMEX_Arthur: can the manually set interest rate be different for H and M or is this set exchange-wide?
[2016-01-05 11:10:10] BitMEX_Arthur : We manually set h and m because they trade infrequently
[2016-01-05 11:10:25] BitMEX_Arthur : 24h and 7d are on a more automated process based on the market mid
[2016-01-05 11:10:51] rapidtrades : BitMEX_Arthur: are the trading rebates for mm subject to clawback?
[2016-01-05 11:11:54] tscha : rapidtrades: no
[2016-01-05 11:12:16] BitMEX_Arthur : No
[2016-01-05 11:12:52] rapidtrades : tnx..follow up question...if I'm overall negative but with the rebates my total goes in the positive, will I get clawbacked applied?
[2016-01-05 11:13:16] lockhedge : no
[2016-01-05 11:13:30] BitMEX_Arthur : hi guys I'm stepping off for a bit please send a support ticket and I will answer in a detailed fashion
[2016-01-05 11:14:24] tscha : rebates / trading fees are added/substracted instantly to your wallet and are not subject to any clawback or withheld profit
[2016-01-05 11:23:36] BitMEX_Wally : tscha: Correct. DPE is calculated against `realisedGrossPnl`
[2016-01-05 11:26:02] HowDoge : gustavo7: thx mate that worked athough im sure I had already tried that I must of done something wrong. All good now thx
[2016-01-05 11:35:00] tscha : lol....
[2016-01-05 11:37:11] tscha : why are people buying $2.50 over index 20 minute before settlement?
[2016-01-05 11:37:56] trestres : masoch??
[2016-01-05 11:59:14] gustavo7 : whoops
[2016-01-05 11:59:41] tscha : close positions guys
[2016-01-05 11:59:42] gustavo7 : put buy as sell xD
[2016-01-05 12:00:02] tscha : close positions.. i am buying 20cents above settlement price, should be enough
[2016-01-05 12:00:06] tscha : meh
[2016-01-05 12:03:17] rapidtrades : lol @premium
[2016-01-05 12:23:58] blackwhite : Guys how often does rebalance on monthly contracts happen? I saw one at 01/01
[2016-01-05 12:24:40] BitMEX_Arthur : blackwhite: Each Friday at 12:00 GMT
[2016-01-05 12:25:51] blackwhite : How does it differ from settlement except that the position is preserved?
[2016-01-05 12:27:26] BitMEX_Arthur : Settlement is based on the spot price, i.e. the TradeBlock XBX Index
[2016-01-05 12:27:32] BitMEX_Arthur : Rebalance is based on the mark price
[2016-01-05 12:28:06] BitMEX_Arthur : The mark price includes a fair basis %, so basically rebalance happens at the prevailing price of the futures contract which does not necessarily equal the underlying spot price
[2016-01-05 13:06:02] tscha : interesting
[2016-01-05 14:45:23] tscha : whuiiii http://bitcoin.stanford.edu/
[2016-01-05 14:46:34] tscha : very cool
[2016-01-05 14:52:06] laisee : teachers are pretty well credentialed ... nice course
[2016-01-05 15:16:48] tscha : They should squeeze in a lecture date "Bitcoin: Markets" by Arthur H.
[2016-01-05 15:17:10] REKT : Liquidated short on XBT24H: Buy 1182 @ 432.45
[2016-01-05 15:21:30] laisee : anyone interested in the Bitcoin course @ standford as a MOOC (online learning) can use this link to show interest: bitcoin.stanford.edu/mooc
[2016-01-05 15:24:30] Swedishnut : Nice Yeah I submitted interest :) Cool that the edu folks are getting professional about BTC
[2016-01-05 15:24:58] Swedishnut : 2016 is off to a great start
[2016-01-05 15:25:39] rapidtrades : what's that course about
[2016-01-05 15:25:54] tscha : rapidtrades: maybe you click the link?
[2016-01-05 15:26:19] rapidtrades : curioicity killed the cat
[2016-01-05 15:26:41] rapidtrades : *curiosity
[2016-01-05 15:26:59] tscha : Generally, Stanford is known as a University that is pushing students towards the startup scene. Which is a good thing in this case.
[2016-01-05 15:27:58] rapidtrades : if it's not trading or finance based, I'll pass
[2016-01-05 15:28:08] rapidtrades : btw the Euro is getting r*ped atm
[2016-01-05 15:28:37] Swedishnut : SP is going toward 2000 and below
[2016-01-05 15:28:45] Swedishnut : 2009 current
[2016-01-05 15:29:04] rapidtrades : YEAAAHAHHHH PANIK
[2016-01-05 15:29:12] rapidtrades : lemme turn on bloomberg
[2016-01-05 15:31:48] tscha : Swedishnut: it was lower in december at some point, nothing serious
[2016-01-05 15:48:15] Swedishnut : I think it is nearing a breaking point due to 2015 being flat and now China is falling apart in their Stocks. World is looking for "true" evaluations of all asset classes. Thus with Printer money and no public audit their is only going to be continued down pressure I believe. could be wrong
[2016-01-05 15:51:41] REKT : Liquidated short on XBT24H: Buy 10 @ 433.27
[2016-01-05 16:56:23] User__1 : hi ALL
[2016-01-05 17:12:08] tscha : seems like the servers have problems today, or are these downtimes intentional?
[2016-01-05 17:14:29] BitMEX_Sam : tscha: We have a backend service that is slightly unstable, looking into it
[2016-01-05 17:52:12] habibi : BitMEX_Sam: i was on mobile before at just before page went offline i saw one bid in whole orderbook at ltc that was 9000 contracts at 390 price
[2016-01-05 17:52:23] habibi : tried to sell on it and page went off
[2016-01-05 17:52:30] BitMEX_Sam : in XLT?
[2016-01-05 17:52:35] habibi : yep
[2016-01-05 17:52:48] BitMEX_Sam : couldn't have been right, it would have hid the ask
[2016-01-05 17:52:55] BitMEX_Sam : hit*
[2016-01-05 17:53:08] habibi : just saying what i saw on mobile
[2016-01-05 17:53:10] BitMEX_Sam : Sure
[2016-01-05 17:53:20] BitMEX_Sam : I'll look into it, looks like the page was updating the wrong orderbook
[2016-01-05 18:08:58] tscha : BitMEX_Sam: any update on the "current position" column in the trade history? would be easier to understand past trading decisions then.
[2016-01-05 18:11:24] BitMEX_Sam : Not yet, but we have a ticket in and I know Wally is prioritizing it after the new order types land.
[2016-01-05 18:13:43] tscha : cool, thanks
[2016-01-05 18:56:15] tscha : we haven't had so little volume for a long time :/ what i am curious about is how the 24H volume skyrocketed in mid october, since spot didn't move by *that* much then.
[2016-01-05 18:57:22] BitMEX_Sam : tscha: Well, that was when 24H was launched
[2016-01-05 18:58:01] tscha : true, it launched 3 weeks before, didn't think about that
[2016-01-05 19:54:58] tscha : volume in the last 2.5 hours < 3000 on 24H
[2016-01-05 19:56:27] tscha : increasingly hard for market makers atm since getting stuck on positions for a longer period of time is quite possible
[2016-01-05 19:56:47] BitMEX_Sam : Looks like it's slow everywhere right now.
[2016-01-05 19:56:54] BitMEX_Sam : World's still hung over from the holidays?
[2016-01-05 20:00:05] tscha : doesn't china have major holidays at the beginning of january?
[2016-01-05 20:00:42] BitMEX_Sam : February is Chinese NY
[2016-01-05 20:00:52] tscha : oh, wrong month.. ok
[2016-01-05 20:03:07] tscha : just tried good old bitcoin market analysis... 1) market behaves a certain way, 2) find an event that is occuring at the moment, 3) explain the market behaviour using some reasoning involing the event
[2016-01-05 20:04:32] tscha : BitMEX_Sam: what are you doing when it's calm like that?
[2016-01-05 20:04:35] tscha : netflix and chill?
[2016-01-05 20:04:42] BitMEX_Sam : Hahaha I wish.
[2016-01-05 20:05:00] BitMEX_Sam : Always working. We're doing some helpful redesigns to the trade page & support for the new order types.
[2016-01-05 20:05:52] tscha : Generally, the support resources on bitmex are extensive. Sure that took some time.
[2016-01-05 20:07:16] BitMEX_Sam : Yeah, we have a lot of documentation now.
[2016-01-05 20:07:29] BitMEX_Sam : But since we're adding something like 5 order types, I have to redesign the order controls to make it all fit.
[2016-01-05 20:42:33] tscha : I just realized that the finex websocket order-updates come with `newAmount` and not `amountChanged`... lmao... actually a miracle that my bot hasn't been losing the last weeks
[2016-01-05 20:43:32] sleger : dont worry that will come soon enough
[2016-01-05 20:44:18] tscha : can't imagine how, but I guess we will see :)
[2016-01-05 20:46:38] sleger : making or taking mostly ?
[2016-01-05 20:46:56] tscha : making
[2016-01-05 20:56:25] blackwhite : What's the difference between FillOrKill and ImmediateOrCancel orders?
[2016-01-05 20:58:39] BitMEX_Sam : FillOrKill will cancel unless it can fill entirely, ImmediateOrCancel will accept partial fills
[2016-01-05 21:06:10] sleger : tscha: what size is yours ?
[2016-01-05 21:06:20] sleger : (typical order size)
[2016-01-05 21:07:18] tscha : sleger: it differs, depending on the current volume and some other things. and if it didn't differ, I wouldn't tell you for obvious reasons ;)
[2016-01-05 21:07:53] sleger : why wouldnt you say ? Mine is almost always showing 2k you can identify it and I dont have an issue with that
[2016-01-05 23:02:43] rapidtrades : god dam it's been one boring week
[2016-01-05 23:14:02] gouda : i kno0w
[2016-01-05 23:14:05] gouda : just dump or pump already
[2016-01-05 23:18:23] tscha : just watching the big short
[2016-01-05 23:19:44] tscha : the hotel lobby scene... haha
[2016-01-05 23:20:01] REKT : Liquidated long on XBT24H: Sell 1035 @ 431.96
[2016-01-05 23:22:29] BitMEX_Sam : Whole movie was great
[2016-01-05 23:28:13] tscha : I didn't expect any insights, but some parts are really funny
[2016-01-05 23:29:07] tscha : so yeah, I agree, much better than expected
[2016-01-05 23:36:28] tscha : fantastic actors too, especially bale and Carrell
[2016-01-05 23:38:01] sleger : sleger: why wouldnt you say ? Mine is almost always showing 2k you can identify it and I dont have an issue with that
[2016-01-05 23:43:29] tscha : sleger: good for you :)
[2016-01-05 23:43:56] tscha : smilie test: :-)
[2016-01-05 23:44:08] tscha : hmm.. too happy
[2016-01-06 00:07:43] micmix : :moneybag:
[2016-01-06 00:09:43] REKT : Liquidated long on XBT24H: Sell 54 @ 430.92
[2016-01-06 00:09:50] micmix : :roller_coaster:
[2016-01-06 00:10:48] micmix : :fireworks:
[2016-01-06 00:11:30] micmix : :full_moon_with_face:
[2016-01-06 00:11:42] micmix : :crescent_moon:
[2016-01-06 00:12:47] cataquil : ? yawn this market has been dead for days
[2016-01-06 00:12:57] cataquil : I have had to find new hobbies
[2016-01-06 00:14:28] micmix : :ticket: :rocket: :crescent_moon:
[2016-01-06 00:16:26] micmix : :last_quarter_moon_with_face:
[2016-01-06 00:16:34] gouda : ???
[2016-01-06 00:16:40] gouda : i can do that too ???
[2016-01-06 00:16:47] gouda : t??
[2016-01-06 00:16:54] gouda : :?
[2016-01-06 00:17:25] tscha : noob question alert, but how do I see those emojis on my chrome browser? encoding problem?
[2016-01-06 00:17:37] BitMEX_Sam : tscha: Probably; are you on an old version?
[2016-01-06 00:17:55] tscha : no, up to date
[2016-01-06 00:18:12] micmix : tscha, do you see this one: :punch:
[2016-01-06 00:18:32] tscha : nope, I see squares only
[2016-01-06 00:18:56] BitMEX_Sam : What OS?
[2016-01-06 00:19:03] BitMEX_Sam : & Chrome version
[2016-01-06 00:20:16] tscha : interestingly, it doesn't work on firefox either, but firefox version is superold.... windows 7 + Chrome 47.0.2526.106
[2016-01-06 00:21:24] micmix : tscha: I'm on Windows 7, 47.0.2526.106 m
[2016-01-06 00:21:39] tscha : micmix: me too, forgot the m
[2016-01-06 00:22:34] micmix : weird, I see most emojis
[2016-01-06 00:23:09] tscha : think it's a font issue, just googeling
[2016-01-06 00:23:18] micmix : maybe you have webfonts disabled in settings?
[2016-01-06 00:23:40] tscha : I think it's because I havent installed all the service packs
[2016-01-06 00:24:33] REKT : Liquidated long on XBT24H: Sell 20 @ 429.99
[2016-01-06 00:26:35] BitMEX_Sam : tscha: If you know a little CSS, try changing the `font-family` to `sans-serif` on the `.chats` wrapper
[2016-01-06 00:26:43] BitMEX_Sam : Might get them to show up
[2016-01-06 00:26:49] BitMEX_Sam : If so let me know.
[2016-01-06 00:27:48] micmix : :japanese_goblin:
[2016-01-06 00:28:45] SnackyCoins : that didn't work for me sam
[2016-01-06 00:28:56] SnackyCoins : i'll get my version too
[2016-01-06 00:29:30] SnackyCoins : Version 47.0.2526.73 Built on Ubuntu 14.04, running on LinuxMint 17.2 (64-bit)
[2016-01-06 00:29:35] BitMEX_Sam : Thanks SnackyCoins
[2016-01-06 00:29:37] SnackyCoins : chromium
[2016-01-06 00:32:39] micmix : &btc; :arrow_right: :zero:
[2016-01-06 00:33:11] BitMEX_Sam : It appears Chrome is lagging behind all other browsers (even IE) in support for unicode emoji
[2016-01-06 00:33:27] BitMEX_Sam : I'll see what I can do, but I don't want to drag along a large library to support it and bloat the site.
[2016-01-06 00:33:28] tscha : BitMEX_Sam: Have no clue about CSS, but I actually did manage to change the font in css using chrome console... feel like a badass hacker now
[2016-01-06 00:33:36] tscha : but I still can't see them
[2016-01-06 00:33:59] tscha : the bitcoin symbol works however... well, that's unicode though, emojis are something different right?
[2016-01-06 00:34:17] BitMEX_Sam : The Bitcoin symbol is custom, we added it a long time ago
[2016-01-06 00:34:47] BitMEX_Sam : Basically most browsers have all of these emoji built in, which is great because the library is huge and if you have to download it, it's a decent download and conversion step
[2016-01-06 00:35:01] BitMEX_Sam : But Chrome, for whatever reason, has taken a long time to catch up to FF/IE on this
[2016-01-06 00:35:24] BitMEX_Sam : Even though the characters exist in some of the system fonts. So they pretty much just have to see these unicode characters and switch them to the correct system font as needed.
[2016-01-06 00:35:56] micmix : :soon:
[2016-01-06 00:36:42] micmix : most emojis work on my Windows 7 / Chrome
[2016-01-06 00:37:05] tscha : I read on some highly untrustworthy website that Windows 7 supports Emojis since they issued an update... does that mean that update upgraded the existing system fonts?
[2016-01-06 00:38:57] tscha : would make sense that it doesn't work for me then, I have never updated my machine since I am using pirated windows
[2016-01-06 00:38:58] tscha : but psshhh
[2016-01-06 00:40:40] BitMEX_Sam : That would make sense.
[2016-01-06 00:43:04] tscha : just downloaded an update, requires restart but I prefer shutdown since I am tired.. cya tomorrow, will let you know if it worked
[2016-01-06 01:28:02] REKT : :electric_plug:
[2016-01-06 01:28:02] REKT : &btc;
[2016-01-06 01:30:51] REKT : **!**
[2016-01-06 01:31:35] BitMEX_Sam : :) new emoji for the bot?
[2016-01-06 01:31:55] BitMEX_Sam : you can also use `:btc:` which is a bit more idiomatic
[2016-01-06 01:32:01] BitMEX_Sam : sorry that's : btc :
[2016-01-06 01:32:20] BitMEX_Sam : A lot of the emoji work as words between colons, like 'shipit': :shipit:
[2016-01-06 01:32:31] BitMEX_Sam : Most of these work: http://www.emoji-cheat-sheet.com/
[2016-01-06 01:33:27] micmix : BitMEX_Sam: yeah, updating the REKT bot
[2016-01-06 01:34:37] micmix : had to fix URI encoding bc * and ! didn't work
[2016-01-06 01:37:26] BitMEX_Sam : Gotcha.
[2016-01-06 01:37:34] BitMEX_Sam : Feel free to go nuts on the testnet chat box if you want to try things out
[2016-01-06 01:39:33] micmix : BitMEX_Sam: do you support markdown links [text](url)?
[2016-01-06 01:40:16] BitMEX_Sam : micmix: We don't, we have a policy in that chat box that links must be the url that they're pointing to
[2016-01-06 01:40:30] BitMEX_Sam : so links are fine, but the text will render as the exact url.
[2016-01-06 01:40:42] micmix : ah ok, I was wondering why link text doesn't work
[2016-01-06 01:45:12] micmix : :toilet:
[2016-01-06 02:22:37] REKT : Liquidated long on `XBT24H`: Sell 150 @ 429.43
[2016-01-06 02:24:27] BitMEX_Sam : Looking good
[2016-01-06 02:34:27] REKT : Liquidated long on `XBT24H`: Sell 5646 @ 428.93
[2016-01-06 02:40:13] GerryHYH : Hi guys
[2016-01-06 02:40:21] sleger : Hi Gary
[2016-01-06 02:40:25] GerryHYH : Heya :P
[2016-01-06 02:40:30] sleger : Hoyu
[2016-01-06 02:40:35] GerryHYH : First timer here, very intrigued sir
[2016-01-06 02:40:39] GerryHYH : I'm good pal, and yourself?
[2016-01-06 02:40:46] sleger : exlent
[2016-01-06 02:41:01] sleger : dont just be intrigued
[2016-01-06 02:41:04] sleger : take a bite
[2016-01-06 02:41:19] BitMEX_Sam : Hi GerryHYH, welcome.
[2016-01-06 02:41:28] GerryHYH : I actually trade futures on CME and EUREX, but I've always been very keen on Bitcoin, I want to try it out
[2016-01-06 02:41:30] GerryHYH : Hi Sam!
[2016-01-06 02:41:43] GerryHYH : I'm just planning my funding etc
[2016-01-06 02:42:10] GerryHYH : Regarding the fee structure, opening position is 0.075%, what about closing fee?
[2016-01-06 02:42:22] sleger : opening and closing same fee
[2016-01-06 02:42:25] BitMEX_Sam : Same, but it's maker/taker.
[2016-01-06 02:42:28] sleger : but you can make also
[2016-01-06 02:42:36] GerryHYH : sure thing
[2016-01-06 02:42:37] BitMEX_Sam : So +0.025% or -0.075%.
[2016-01-06 02:42:41] sleger : except for the closing you get raped
[2016-01-06 02:42:49] GerryHYH : ok, thanks gentlemen, yeah that's ok, not a big deal
[2016-01-06 02:42:51] GerryHYH : hahahaha
[2016-01-06 02:42:51] sleger : cause they charge twice what it should be
[2016-01-06 02:43:01] sleger : right @BitMEX_Sam
[2016-01-06 02:43:02] sleger : ?
[2016-01-06 02:43:24] GerryHYH : Sam, is there a private chat box?
[2016-01-06 02:43:28] BitMEX_Sam : The settlement fee is intentional, if it changes in the future we'll let everyone know
[2016-01-06 02:43:34] BitMEX_Sam : GerryHYH: There isn't, but feel free to email us if you like
[2016-01-06 02:43:40] sleger : It is intentional but irrational
[2016-01-06 02:43:45] GerryHYH : Awesome, to be fair, it isn't that bad 0.075%
[2016-01-06 02:43:46] BitMEX_Sam : Our chat also mirrors to Freenode, and you can PM users of course on IRC
[2016-01-06 02:43:51] sleger : cause no reason can explain it
[2016-01-06 02:44:01] GerryHYH : BitMEX_Sam: tes
[2016-01-06 02:44:14] GerryHYH : I was wondering
[2016-01-06 02:44:20] GerryHYH : if the taker
[2016-01-06 02:44:34] GerryHYH : trades in large volume, any discount?
[2016-01-06 02:44:54] sleger : Arthur (CEO) said everyone pays the same fee
[2016-01-06 02:45:09] BitMEX_Sam : GerryHYH: That's the purpose of the maker fee at this time; we may re-introduce tiered fees later in the future, but the maker fee is designed to take that role
[2016-01-06 02:45:28] sleger : GerryHYH: if you want to place a large trade and need a maker to place a large making order for you I would advise to ask in the chat box first (to me) to place it
[2016-01-06 02:46:39] sleger : But be careful of that settlement fee, it is twice what it should be and even intentional, nobody can explain you why it's twice what it should (because there is no logical reason)
[2016-01-06 02:47:09] GerryHYH : haha ok sledger
[2016-01-06 02:47:26] GerryHYH : May I ask what your role here is? the broker or just the guy who look after us? :)
[2016-01-06 02:47:37] sleger : I am just a market participant
[2016-01-06 02:47:43] GerryHYH : :)
[2016-01-06 02:47:47] sleger : but happy to provide quotes up to 500btc either side
[2016-01-06 02:48:30] GerryHYH : so you're more of a maker? :P
[2016-01-06 02:48:48] sleger : I have a bot maker running but it only shows about 10btc each side
[2016-01-06 02:48:59] sleger : If one needs more he can ask and I shall deliver
[2016-01-06 02:49:16] GerryHYH : fascinating stuff! I've always been the taker
[2016-01-06 02:49:34] GerryHYH : but fascinated on how maker operates
[2016-01-06 02:50:29] GerryHYH : I'm not very good with computers, but does Bot need something like API to operate?
[2016-01-06 02:52:23] sleger : I make prices I am not a school teacher though
[2016-01-06 02:52:40] GerryHYH : test
[2016-01-06 02:53:01] GerryHYH : only asking :(
[2016-01-06 02:54:41] GerryHYH : Is there any charts I can see btw?
[2016-01-06 02:58:20] hobbskevin : hey all I'm new to this site I was wondering if there was an easier way to close out your positions than to have to just put new sell orders in?
[2016-01-06 02:59:36] j8 : hobbskevin: there are the Close Limit and Close Market order types
[2016-01-06 03:00:00] hobbskevin : ahh I see thank you.
[2016-01-06 03:00:08] coolcatgee : are you long or short? who many contracts?
[2016-01-06 03:00:17] hobbskevin : long 5000
[2016-01-06 03:01:53] coolcatgee : yea thats a easy market close, if it was 20k you'd be going a few dollars deep
[2016-01-06 03:02:33] hobbskevin : Yeah I am just getting used to this style of trading
[2016-01-06 03:02:43] coolcatgee : but even with market close you can get burned, because the bots are constantly readjusting
[2016-01-06 03:03:09] hobbskevin : really good to know. so your advice is to set a take profit and stop loss?
[2016-01-06 03:04:55] arbitrage001 : any guide on how to write bot?
[2016-01-06 03:04:57] coolcatgee : that is a good strategy but sometimes its nice to watch the market overreact and seize opportunities, if your looking for a quick close use the close limit and put a price that the order book can handle