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    Friday, April 19, 2019

    [Daily Discussion] Friday, April 19, 2019 Bitcoin Markets

    [Daily Discussion] Friday, April 19, 2019 Bitcoin Markets


    [Daily Discussion] Friday, April 19, 2019

    Posted: 18 Apr 2019 09:06 PM PDT

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    submitted by /u/AutoModerator
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    [Altcoin Discussion] Friday, April 19, 2019

    Posted: 18 Apr 2019 09:06 PM PDT

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    Bitmex is not FIFO?

    Posted: 19 Apr 2019 07:18 AM PDT

    I had put a limit order on queue for short eth at 172.65 (exiting from a previous long position)
    -> There were 20.000 contracts sitting there

    Price starts to go up, but stops at 172.65 at this point the mkt maker add ~100.000 contracts shorting limit at 172.65
    Some market takers buy ~80.000 contracts.

    My order still sits there. If it was First In First Out, i supposed to be out already.

    There are more limit shorts coming in, so order book is again at~200.000 contracts, but people still buying on market....

    i see more 20k, 30k, 40k taker entries, but my order is still there..... the rollover at this point is more than 300.000 contract, and I supposed to exit first am waiting for more than 5minutes

    only after 10mins struggling to get out at this critical (pivot reversal level) the index goes in my favor and i'm able to exit but only as the price climbs to one tick above...172.70.

    Ps, of course, my complaint was promptly deleted from /bitmex

    My theory is that ordinary people like us, use a Queue totally different from the bitmex market maker desk and as we would basically be competing with them, unless the index is moving on your direction, you cannot be a true fifo mkt maker.

    submitted by /u/vadiupoker
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