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.

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[2016-01-31 15:20:06] laisee : DPOGE == volatility
[2016-01-31 15:20:17] laisee : ^DPOGE^DOGE
[2016-01-31 15:20:34] laisee : almost bought the wrong shitcoin there ...
[2016-01-31 15:23:15] sleger : I see a lot of sell 10k trades in the past 1-2 hours, mostly around 370, someone took a big short position, that's probably why the discount is so high
[2016-01-31 15:23:46] rapidtrades : ARE YOU SURE THAT'S WHAT HAPPENED
[2016-01-31 15:25:13] sleger : no, that's why the word "probably" is there. Please fix your caps lock key it's really annoying
[2016-01-31 15:26:32] lockhedge : *using bitcoin to construct a currency’s unofficial exchange rate and detect capital controls* https://twitter.com/RobotFinance/status/693814623385079808
[2016-01-31 15:29:48] rapidtrades : WE ARE GOING UP OMG
[2016-01-31 15:29:59] laisee : seems the trend is not Mr Shorts friend right now ...
[2016-01-31 15:30:25] habibi : sleger: yea i am thinking the same but what are the other posibilities?
[2016-01-31 15:31:49] rapidtrades : there are no other possibilities ffs...we barely moved on other exchanges of course it's someone selling here
[2016-01-31 15:34:11] sleger : hey it's not because you can't think of any other reason that there isnt one
[2016-01-31 15:35:27] rapidtrades : saying obvious things like they're some profound insight is the sledgery thing to do
[2016-01-31 18:02:31] zanza : wtf that premium
[2016-01-31 18:04:55] tscha : where is a premium? :O
[2016-01-31 18:06:54] tscha : Even 7D has a discount
[2016-01-31 18:07:58] tscha : just a slight one though, but still
[2016-01-31 18:08:01] lockhedge : can you call a discount a negative premium? is negative premium a premium?
[2016-01-31 18:08:57] tscha : lockhedge: if something is sold at a premium, you usually mean *above* the usual price. the opposite is true for discount.
[2016-01-31 18:09:30] lockhedge : Ceci n'est pas une pipe.
[2016-01-31 18:09:45] tscha : with "usual price" I mean face value in terms of bonds or underlying in terms of futures
[2016-01-31 18:14:39] lockhedge : got it what you mean. i meant that this is a discussion about semantics. a negative premium is equivalent to a discount
[2016-01-31 18:18:39] tscha : But he didn't say "negative premium", that's why I was confused.
[2016-01-31 19:34:12] rapidtrades : this guy keeps selling....f qorrying
[2016-01-31 19:34:20] rapidtrades : worrying*
[2016-01-31 19:35:02] rapidtrades : hope we don't break to the upside cos some serious shit will hit D fan
[2016-01-31 19:35:49] tscha : up to $5 under current spot, that's a lot of discount for a quanto that has 16h left
[2016-01-31 19:36:14] rapidtrades : fair basis rate -344% LOOOl
[2016-01-31 19:39:27] rapidtrades : f*cker prolly has isolate margin on...
[2016-01-31 19:48:33] zanza : lockhedge: the premium is very negative!
[2016-01-31 19:48:44] zanza : i went all in long
[2016-01-31 19:48:45] zanza : already
[2016-01-31 19:49:14] rapidtrades : stop trolling feg
[2016-01-31 19:51:06] zanza : who keeps selling?
[2016-01-31 19:51:42] rapidtrades : idk sledger?
[2016-01-31 19:51:54] rapidtrades : some drunk pleb?
[2016-01-31 19:52:17] rapidtrades : arthrur doing a reverse exit scam?
[2016-01-31 19:52:40] rapidtrades : stupid pleb thinks buy is sell?
[2016-01-31 19:53:14] rapidtrades : A donkey stumping on an unattended computer with bitmex left open?
[2016-01-31 19:53:38] rapidtrades : as sledger would say: ''THERE ARE SOME MANY POSSIBILITIES''
[2016-01-31 20:02:04] zanza : im all in long now
[2016-01-31 20:02:07] zanza : on 24H
[2016-01-31 20:02:11] zanza : my liq price is 365
[2016-01-31 20:02:18] zanza : corss margin babby
[2016-01-31 20:07:30] tscha : zanza: some piece of advice... don't mention your liq price in the chat
[2016-01-31 20:10:30] lockhedge : my current Liq. Price: 48.77 try to liquidate me ;)
[2016-01-31 20:12:14] tscha : zanza: if we are close to your liq price and the orderbook is thin, people could be incentivized to move the impact price so you get liquidated and they can buy cheap liq orders without slippage
[2016-01-31 20:18:25] sleger : rapidtrades: dont make up fake quotes from me, especially when it's so obvious as you're the only one here with a broken caps lock key
[2016-01-31 20:18:36] sleger : and broken english
[2016-01-31 20:20:43] zanza : tscha: mark price is not the same as last traded
[2016-01-31 20:20:50] zanza : Liq is based on mark
[2016-01-31 20:21:19] sleger : mark price is fair price
[2016-01-31 20:21:28] sleger : fair price follows the book, so yes, for once, he is right
[2016-01-31 20:21:32] tscha : zanza: Never said it was. Yes it is based on mark, and mark can be easily manipulated if the orderbook is thin
[2016-01-31 20:22:31] zanza : it would be very risky for someone to do that, plus, I could be lying
[2016-01-31 20:22:45] zanza : so would someone really risk a lot to check my bluff? :)
[2016-01-31 20:22:58] tscha : If the orderbook is thin, it's not risky at all... and your bluff isn't really convincing anymore haha :D
[2016-01-31 20:38:03] REKT : Liquidated long on `XBT7D`: Sell 5 @ 374.22
[2016-01-31 20:38:03] REKT : Liquidated long on `XBT7D`: Sell 200 @ 374.61
[2016-01-31 20:38:42] macios15 : cmon bitcoin do sth funny
[2016-01-31 21:14:40] rapidtrades : GUYS DIAL 911
[2016-01-31 21:14:45] rapidtrades : BITCOIN IS DEAD
[2016-01-31 21:29:19] rapidtrades : sleger: smone takes themselves so seriously
[2016-01-31 21:29:32] rapidtrades : RAPID DON'T QUOTE OF OUT OF CONTEXT
[2016-01-31 21:46:12] habibi : rapid stop using retarted caps pls! :)
[2016-01-31 22:30:49] zanza : ok, so I am going to goto sleep and hope I am not liquidated @ 365
[2016-01-31 22:31:06] zanza : and take daily settlement
[2016-01-31 22:35:05] tscha : good night ;)
[2016-01-31 23:17:18] rapidtrades : let the games being gentlemen
[2016-01-31 23:17:31] rapidtrades : begin* ffs can't type today
[2016-01-31 23:18:18] REKT : Liquidated long on `XBT24H`: Sell 724 @ 371.51
[2016-01-31 23:18:48] REKT : Liquidated long on `XBT24H`: Sell 1000 @ 371.14
[2016-01-31 23:20:11] tscha : well that explains the massive short earlier I guess
[2016-01-31 23:20:28] sleger : genius
[2016-01-31 23:20:38] REKT : Liquidated long on `XBT24H`: Sell 70 @ 365.77
[2016-01-31 23:22:20] tscha : zanza got liquidated with cross-leverage at 70 contracts? maybe he was really bluffing :D
[2016-01-31 23:22:30] habibi : lel :D
[2016-01-31 23:25:04] zanza : wtf my alarm went off
[2016-01-31 23:25:10] zanza : im out boys
[2016-01-31 23:25:17] rapidtrades : is he closing his shorts already?
[2016-01-31 23:25:20] sleger : 70 lots ???
[2016-01-31 23:25:27] zanza : yes 70
[2016-01-31 23:25:35] tscha : lol
[2016-01-31 23:25:35] sleger : that's not even a position
[2016-01-31 23:25:41] rapidtrades : I'm sorry for your loss
[2016-01-31 23:25:57] lockhedge : on 100x leverage?
[2016-01-31 23:25:59] sleger : playing 70$ worth of btc how much are you trying to make ? 50 cents ?
[2016-01-31 23:26:12] habibi : zanza: really?
[2016-01-31 23:26:22] rapidtrades : sleger: not everyone is a baller...jezz
[2016-01-31 23:26:40] zanza : was all that was in my account :) i haven't been active lately. That being said, whoever was shorting earlier must have known something
[2016-01-31 23:26:49] zanza : $3 below spot
[2016-01-31 23:27:10] rapidtrades : meh maybe he just got lucky...we were in a range so it was a 50/50 bet
[2016-01-31 23:27:17] rapidtrades : on 100/1
[2016-01-31 23:27:31] sleger : selling 3$ below when nothing is happening
[2016-01-31 23:27:33] sleger : yeah sure...
[2016-01-31 23:27:47] lockhedge : maybe all of this just happend because you said your Liq price is 365
[2016-01-31 23:27:57] rapidtrades : yeah that's it
[2016-01-31 23:28:08] zanza : rofl lockhedge
[2016-01-31 23:28:14] lockhedge : now it's going up again, after they got the 70 cheap ;)
[2016-01-31 23:28:18] zanza : you think OKC/Houb whales monitor this ?
[2016-01-31 23:28:20] tscha : yeah, seems like someone on finex just wanted to get him liquidated
[2016-01-31 23:28:34] rapidtrades : smone with a grudge :)
[2016-01-31 23:28:48] habibi : sleger: how many times we had here idiots opening positions on high premium or discout?
[2016-01-31 23:28:50] habibi : maaany :p
[2016-01-31 23:28:51] rapidtrades : finally got his chance to get back at zanza ::)
[2016-01-31 23:30:35] tscha : i'm looking forward to some basic market regulation in the far future
[2016-01-31 23:30:50] zanza : like circuit breakers?
[2016-01-31 23:31:21] habibi : tscha: then u won't get that violatility
[2016-01-31 23:31:36] tscha : habibi: true
[2016-01-31 23:31:58] sleger : habibi: you dont understand
[2016-01-31 23:32:00] tscha : But I prefer a fairer market over personal gains /s
[2016-01-31 23:32:09] zanza : lol
[2016-01-31 23:32:09] rapidtrades : that's not true,,,stocks can be a lot more volatile and they're reguated
[2016-01-31 23:32:11] habibi : sleger: i am not talking to u
[2016-01-31 23:32:27] sleger : habibi: yes you are : "habibi: sleger: how many times we had here idiots opening positions on high premium or discout?"
[2016-01-31 23:32:42] rapidtrades : it's just a new asset but relatively low liquidity atm...hence volatility
[2016-01-31 23:32:44] habibi : yea whats about that?
[2016-01-31 23:32:59] sleger : he did not open his position on a high discount
[2016-01-31 23:33:07] rapidtrades : yea he did
[2016-01-31 23:33:07] sleger : he created the discount
[2016-01-31 23:33:29] rapidtrades : oh ffs....smone kept selling into the discount...so unless u shorted stfu
[2016-01-31 23:33:34] habibi : yea opening 10k contracts at 370
[2016-01-31 23:33:37] rapidtrades : cos u can't know
[2016-01-31 23:33:45] rapidtrades : there was constant selling
[2016-01-31 23:33:46] habibi : when he could easily do the same with 3 to 4 higher price
[2016-01-31 23:33:48] tscha : not really, the large part of this position was bought at a discount, so @habibi is correct
[2016-01-31 23:33:54] rapidtrades : yes-
[2016-01-31 23:34:06] sleger : no you're all wrong
[2016-01-31 23:34:11] sleger : look at what happened just after settlement
[2016-01-31 23:34:56] rapidtrades : we get it, bots mark down prices...but the constant seling after was unusual
[2016-01-31 23:34:57] habibi : u mean that was the only way to build that position? and u would it in the same way exacly?
[2016-01-31 23:35:27] rapidtrades : $3 discount doesn't stay for long if other exchanges don't move....smone kept selling into it
[2016-01-31 23:35:35] tscha : he built at least 80% of his position at a discount, most of it at a large discount
[2016-01-31 23:35:42] habibi : rapidtrades: but had 5-6 discout
[2016-01-31 23:36:00] rapidtrades : yeah it got as high as 5-6 at one point
[2016-01-31 23:37:41] lockhedge : tscha: what would indicate that this is one trader? open interest / 24h turnover ?
[2016-01-31 23:37:42] rapidtrades : there will be some major QQ if we break $350
[2016-01-31 23:38:06] rapidtrades : lockhedge: logic dictates that only 1 person would do smth so stupid
[2016-01-31 23:38:42] rapidtrades : it's unlikely that 2-3 plebs got together and started selling $5 below spot when nothing moves
[2016-01-31 23:38:58] REKT : Liquidated long on `XBT24H`: Sell 1501 @ 363.60
[2016-01-31 23:38:58] REKT : Liquidated long on `XBT24H`: Sell 395 @ 363.63
[2016-01-31 23:39:09] tscha : lockhedge: wouldn't make sense for a trader to share the information (that he will drop coins) to anyone... maybe it's a group of people, who knows
[2016-01-31 23:39:23] BitMEX_Sam : Pretty brutal dip
[2016-01-31 23:39:26] sleger : rapidtrades: you're saying what he did is stupid, but he's making money...
[2016-01-31 23:39:55] habibi : sleger: how many times we had situation like this here and that way of making money didnt work out :)?
[2016-01-31 23:40:01] rapidtrades : yes cos he could've sold at higher prices @sleger
[2016-01-31 23:40:14] zanza : this drop must have been pre planned
[2016-01-31 23:40:22] sleger : rapidtrades: maybe he couldnt sell as many at higher prices
[2016-01-31 23:40:24] zanza : i bet whoever did it has accts at all brokers
[2016-01-31 23:40:38] sleger : obviously
[2016-01-31 23:40:59] rapidtrades : no need for conspiracy theories...we've been in downtrend for few weeks now...I'm still short for example
[2016-01-31 23:41:03] lockhedge : maybe it was just different people who independently bet on a bad monday opening in China
[2016-01-31 23:41:06] habibi : so... did u noticed same situation on okc futures or any others?
[2016-01-31 23:41:15] habibi : or u think inside whales plays only here?
[2016-01-31 23:41:17] rapidtrades : so calling it pre-planned drop seems a bit silly
[2016-01-31 23:41:33] tscha : it's 99.99% a preplanned drop I would estimate
[2016-01-31 23:41:33] zanza : quantos futures should trade at a + premium slightly
[2016-01-31 23:41:45] zanza : because they are parabolic
[2016-01-31 23:41:52] lockhedge : right okc futures where much higher
[2016-01-31 23:41:52] zanza : if there is a big - premium, its strange
[2016-01-31 23:42:01] lockhedge : were
[2016-01-31 23:42:16] zanza : OKC has more liquidity right?
[2016-01-31 23:42:17] BitMEX_Sam : I agree, we had larger discount today than I think I've ever seen on 24H
[2016-01-31 23:42:29] habibi : guys there are inside guys... but many of inside info is fake or just lucky
[2016-01-31 23:42:35] BitMEX_Sam : Without any immediate price movement to suggest traders were bearish. What that means, who knows yet
[2016-01-31 23:42:58] tscha : BitMEX_Sam: "traders" or "trader" ;)
[2016-01-31 23:43:06] zanza : very strange! we need a bitcoin detective on the case
[2016-01-31 23:43:18] habibi : tscha: Sam is inssider here! so traders means traders :D
[2016-01-31 23:43:28] REKT : Liquidated long on `XBT24H`: Sell 97 @ 360.50
[2016-01-31 23:43:54] zanza : like before a Tsunami, the ocean recedes back a lot. That was the - premium today
[2016-01-31 23:44:04] macios15 : look at 3d ema
[2016-01-31 23:44:08] REKT : Liquidated long on `XBTM16`: Sell 8150 @ 487.66
[2016-01-31 23:44:12] macios15 : u till talk about insiders?
[2016-01-31 23:44:12] tscha : Meh, Bitmex wouldn't disclose information. Besides, market manipulation is good for markets since it creates volume and fees, so they are not incentivized to stop it.
[2016-01-31 23:44:25] lockhedge : you could definitely call this "adverse selection" what my mm bot is experiencing wight now
[2016-01-31 23:44:42] rapidtrades : selling in a downtrend can hardly be called manipulation lol
[2016-01-31 23:45:59] REKT : Liquidated short on `XBT24H`: Buy 47 @ 362.50
[2016-01-31 23:46:24] tscha : BitMEX_Sam: the account that built an 150k short over the day is pretty new mh? :P
[2016-01-31 23:46:44] zanza : thats private tsh :)
[2016-01-31 23:46:50] tscha : i know, just kidding ;)
[2016-01-31 23:47:27] zanza : rapidtrades: do you have arbs open ?
[2016-01-31 23:47:41] rapidtrades : zanza: ofc :)
[2016-01-31 23:47:59] sleger : remember a few days ago when I said there was a new big guy trading here who had info, and @tscha made fun of me ...
[2016-01-31 23:47:59] rapidtrades : it was a nice discount :)
[2016-01-31 23:48:21] habibi : sleger: yea
[2016-01-31 23:48:25] zanza : sleger: serious?
[2016-01-31 23:48:28] tscha : sleger: I made fun of you? Didn't I tell you that making up quotes makes you look stupid?
[2016-01-31 23:48:32] rapidtrades : sleger: maybe settlement was very strange few days ago
[2016-01-31 23:48:44] tscha : but I remember you mentioned it
[2016-01-31 23:48:47] habibi : assume 250k order liquidation was his right :)?
[2016-01-31 23:48:58] habibi : so inside
[2016-01-31 23:49:04] rapidtrades : I like the new guy...provides nice discounts and shit
[2016-01-31 23:49:07] sleger : tscha: yes you quoted me about the "new guy" in an ironic way
[2016-01-31 23:49:21] tscha : uhh how evil of me
[2016-01-31 23:49:46] rapidtrades : sledger takes himself very seriously, he's an english gent :)
[2016-01-31 23:49:58] habibi : all about inside info is it cant be disclosured like here coz then inside info leaks out of the circle
[2016-01-31 23:52:49] rapidtrades : I wonder if he liquidated a lot...there were some 10k buys there
[2016-01-31 23:54:04] rapidtrades : 10k, 6k, 5k
[2016-01-31 23:54:34] lockhedge : not more than 1/3
[2016-01-31 23:56:11] sleger : rapidtrades: those were mine
[2016-01-31 23:56:27] rapidtrades : ofc they were
[2016-02-01 00:16:45] zanza : since fair price = spot now, id say yes, they unloaded
[2016-02-01 00:16:49] REKT : Liquidated short on `XBT24H`: Buy 1085 @ 367.32
[2016-02-01 00:17:28] zanza : well, its still about $1 under
[2016-02-01 00:17:47] zanza : so unloaded 50% position maybe, anyone monitoring open interest?
[2016-02-01 00:22:09] lockhedge : you can't read who is holding a position based on open interest
[2016-02-01 00:25:34] rapidtrades : WHO FROZE BITCOIN
[2016-02-01 00:26:28] tscha : zanza: he hasn't unloaded if that was your question
[2016-02-01 00:27:56] tscha : I'd guess he built around 150k, maybe more. When drop started, open interest was about the same as now approximately
[2016-02-01 00:29:46] habibi : we need to ask sleger about his position coz short was made on his bids right rapidtrades?
[2016-02-01 00:31:16] sleger : wrong
[2016-02-01 00:31:31] rapidtrades : sledger=bagholder
[2016-02-01 00:31:41] sleger : also wrong
[2016-02-01 00:33:36] macios15 : sb open big position ant it is right move?
[2016-02-01 00:33:44] macios15 : he is insider
[2016-02-01 00:33:48] macios15 : LOL GUYS
[2016-02-01 00:34:28] habibi : he is as long as sleger get easy into delusions
[2016-02-01 00:35:59] sleger : uh who is he in "he is as long..."
[2016-02-01 00:37:11] habibi : he is insider* as long as u think that he is :) nothing less that pure faith.
[2016-02-01 00:37:39] sleger : he is short, not long....
[2016-02-01 00:38:11] habibi : he is insider as long as ... looong doesnt mean long position here
[2016-02-01 00:39:10] sleger : english is not your first language ?
[2016-02-01 00:40:05] habibi : nah :)
[2016-02-01 00:47:14] laisee : ELE : http://ih0.redbubble.net/image.12506443.2865/poster,375x360,ffffff.jpg
[2016-02-01 00:48:11] lockhedge : @laisee closed some shorts? ;)
[2016-02-01 00:48:25] laisee : 149k
[2016-02-01 00:48:44] laisee : or 1.49, can't recall.
[2016-02-01 00:51:12] laisee : lockhedge: seems like a lot of sniping and stuff here. must be a dead market or something ...
[2016-02-01 00:54:11] lockhedge : low volume and one big dump, maybe just a typical Sunday with XBT
[2016-02-01 01:15:39] laisee : heh. sundays are like that.
[2016-02-01 02:03:47] sleger : time to buy, finex is 364.98/365
[2016-02-01 02:04:02] REKT : Liquidated short on `XBT24H`: Buy 200 @ 368.02
[2016-02-01 02:04:02] REKT : Liquidated short on `XBT24H`: Buy 360 @ 367.84
[2016-02-01 02:05:18] habibi : so?
[2016-02-01 02:05:35] sleger : so what ?
[2016-02-01 02:05:45] macios15 : troll
[2016-02-01 02:07:09] sleger : macios15: who and why ?
[2016-02-01 02:20:55] rapidtrades : that was beautiful :)
[2016-02-01 02:21:09] rapidtrades : from discount to premium...brings a tear to my EyE
[2016-02-01 02:27:43] laisee : Bear Whale converted to Bull Whale in twinkle of a day traders eye.
[2016-02-01 02:28:35] Sehnzor : do you need to deposit to see the trading options?
[2016-02-01 02:30:00] rapidtrades : use testnet pleb
[2016-02-01 02:30:30] Sehnzor : where is testnet?
[2016-02-01 02:31:20] rapidtrades : can u see any options here https://www.bitmex.com/app/trade/XBT24H
[2016-02-01 02:31:28] sleger : google bitmex testnet
[2016-02-01 02:32:08] rapidtrades : https://testnet.bitmex.com/app
[2016-02-01 02:32:10] Sehnzor : nah it just says to deposit
[2016-02-01 02:32:13] Sehnzor : thanks
[2016-02-01 02:35:54] rapidtrades : sleger: hey man, are u net long or short now
[2016-02-01 02:36:18] sleger : small long since 365 (i wrote my call on the box at the time)
[2016-02-01 02:36:43] rapidtrades : yeah saw that
[2016-02-01 02:36:52] rapidtrades : we'll see if it holds :)
[2016-02-01 02:37:09] rapidtrades : short-tterm or long-term?
[2016-02-01 02:37:33] sleger : probably till settlement
[2016-02-01 02:38:11] rapidtrades : on bitmex or finex?
[2016-02-01 02:38:42] sleger : i took the long on xbt24h because of discount, but i am also long on finex
[2016-02-01 02:39:50] rapidtrades : already got out of my long here..thanks new guy :)
[2016-02-01 02:45:19] sleger : i'm guessing the mm bots didnt like it though
[2016-02-01 02:47:28] rapidtrades : sleger: if I have open profit on finex, I can't use that toward my margin until I close it?
[2016-02-01 02:47:51] sleger : yes you can
[2016-02-01 02:47:59] rapidtrades : oh...
[2016-02-01 02:50:36] rapidtrades : my open profit is in USD...so if I'm short I can't use it toward my BTC margin?
[2016-02-01 02:50:59] rapidtrades : i have to pay rollover fees
[2016-02-01 02:51:44] rapidtrades : that prolly didn't make sense lol....nvm I'll email them
[2016-02-01 02:51:56] sleger : only thing that matters is tradable balance
[2016-02-01 02:52:38] rapidtrades : I meant to ask can I use my open profit in USD toward my margin, so I don't pay BTC rollover fees
[2016-02-01 02:53:31] sleger : what do you call btc rollover fees ?
[2016-02-01 02:53:37] rapidtrades : ok...say u have 10 BTC on finex...if u then short 10 BTC u don't pay rollover fees on that
[2016-02-01 02:53:51] rapidtrades : but u will pay fees on the 11th BTC u short
[2016-02-01 02:53:56] sleger : margin funding you mean
[2016-02-01 02:54:12] rapidtrades : so I was wondering if I can use that toward my margin funding yes...
[2016-02-01 02:54:19] sleger : i dont think you can
[2016-02-01 02:54:22] rapidtrades : sry we call them rollover fees in forex :)
[2016-02-01 02:54:30] rapidtrades : habit :)
[2016-02-01 02:55:19] rapidtrades : sleger: yeah didn't think so either..guess I will have to net out to 0 from time to time
[2016-02-01 02:55:21] sleger : bank and buy side traders actually call them swaps, but smaller retail face what their brokers tell them is rollover fees indeed
[2016-02-01 02:55:41] rapidtrades : :)
[2016-02-01 02:55:48] sleger : anyways, if you're long btc, and in profit, your profit is in usd
[2016-02-01 02:56:11] rapidtrades : I am net short and profit appears to be in USD
[2016-02-01 02:56:21] sleger : sorry meant to say short
[2016-02-01 02:56:24] laisee : rapidtrades: you can elect to pay fees in USD or BTC, on rolling bassis or when hyou close the swap(margin).
[2016-02-01 02:56:26] sleger : your profit is indeed in usd
[2016-02-01 02:56:47] sleger : but if you want to short more, what you need to borrow is BTC and not USD
[2016-02-01 02:56:53] sleger : so you cant use your profits anyway
[2016-02-01 02:57:16] rapidtrades : laisee: thanks man...well that certainly adds to complexity, will have to think this through for the optimal way to save fees
[2016-02-01 02:57:34] laisee : what the sleger says ... I have never found a way to use Finex profits for fees.
[2016-02-01 02:57:58] rapidtrades : that sucks....cos if I switch from short to long it will never realise the gain
[2016-02-01 02:58:05] rapidtrades : u have to net it out exactly
[2016-02-01 02:58:26] laisee : you mean short 2 long on net basis?
[2016-02-01 02:58:42] rapidtrades : on my current trade is says base price 510 lol....
[2016-02-01 02:59:07] laisee : ... why change a good thing?
[2016-02-01 02:59:10] rapidtrades : cos I went short and long so many times it doesn't know what to quote
[2016-02-01 03:00:00] sleger : going higher
[2016-02-01 03:00:18] laisee : maybe split accounts so you can have positional and day trades w/out confusing finex and ur-self.
[2016-02-01 03:04:43] rapidtrades : that wont help....I do a lot of switching from net short to net long and reverse and their system doesn't work well doing that
[2016-02-01 03:12:05] laisee : use one account for short and one for longs, then.
[2016-02-01 03:13:09] laisee : easier to separate different trading styles IMO.
[2016-02-01 03:17:24] REKT : Liquidated short on `XBT24H`: Buy 62 @ 371.83
[2016-02-01 03:22:34] REKT : Liquidated short on `XBT24H`: Buy 1500 @ 372.78
[2016-02-01 03:27:04] REKT : Liquidated short on `XBT24H`: Buy 225 @ 374.85
[2016-02-01 03:29:19] rapidtrades : god dam this is an excellent day
[2016-02-01 03:29:26] rapidtrades : PRAISE THE NEW GUY
[2016-02-01 03:30:04] REKT : Liquidated short on `XBT24H`: Buy 1 @ 375.49 :punch: :whale:
[2016-02-01 03:30:04] REKT : Liquidated short on `XBT24H`: Buy 100 @ 375.88
[2016-02-01 03:39:05] rapidtrades : holy shit volatility is off the charts
[2016-02-01 06:56:09] rapidtrades : what's the cheapest way to instantly hedge my exposure here?
[2016-02-01 09:21:03] REKT : Liquidated long on `XBT24H`: Sell 93 @ 372.35
[2016-02-01 11:04:16] lockhedge : still $2 discount, less than 1h to settlement
[2016-02-01 11:05:36] rapidtrades : hush
[2016-02-01 11:05:42] lockhedge : unpredictability of XBX may be a reason, nobody knows how weightings will be in 1h
[2016-02-01 11:10:38] zanza : Open Interest 245,644
[2016-02-01 11:11:34] rapidtrades : let's get it to a cool million
[2016-02-01 11:12:00] rapidtrades : one mirron dullars
[2016-02-01 11:16:56] lockhedge : 0.01 spread
[2016-02-01 11:30:29] rapidtrades : LET THE GAMES BEGIN GENTLEMENT
[2016-02-01 11:30:34] rapidtrades : -T
[2016-02-01 11:42:12] zanza : waiting for oil to hit 28 again
[2016-02-01 12:06:55] rapidtrades : lol evertyhing suddenly gotten calm after settlement
[2016-02-01 12:10:29] rapidtrades : zanza: yeah brent looks a bit top heavy
[2016-02-01 13:09:24] sleger : so how was my call to buy when finex was 365 and there was discount here and hold until settlement ?
[2016-02-01 13:49:35] zanza : good call :) i hope someone listened
[2016-02-01 13:51:03] tscha : The mysterious trader most likely didn't make any money on here. Still 170k at settlement at 376, and he shorted at 374-372 all day. Not sure how much he was able to offload at low prices, but I don't think that was much.
[2016-02-01 13:53:01] sleger : I saw a lot of buying around 365, and that wasnt just me, so maybe he bought and others took new shorts hence the open interest did not decrease.
[2016-02-01 13:59:39] laisee : yeah, there was a nice reversion from 365 up to 376. thanks to the unknown trader.
[2016-02-01 14:07:44] tscha : I closed about 20k shorts at 365-368, and open interest still remained the same. Add the probably 160k+ of Mr. Mysterious and you have a nice sum. I doubt that that many traders would actively go short on such a low price. But well, you never know.
[2016-02-01 14:22:41] REKT : Liquidated long on `XBT24H`: Sell 2000 @ 374.13
[2016-02-01 14:34:37] zanza : how can you close shorts, and the open interest remains the sme ?
[2016-02-01 14:34:47] zanza : it shoudl reduce open interest
[2016-02-01 14:37:15] BitMEX_Sam : zanza: Not necessarily, you may have just shifted the short to someone new who is opening one
[2016-02-01 14:44:58] blackwhite : guys you talk about a price which was 13 hours ago?
[2016-02-01 14:45:34] blackwhite : when do you sleep i wonder?
[2016-02-01 14:51:47] sleger : when bitcoin markets are closed of course
[2016-02-01 14:52:46] laisee : during the afternoon siesta.
[2016-02-01 14:53:38] laisee : we're all bots, of course, so sleep is not really required - just a reboot.
[2016-02-01 15:07:23] zanza : BitMEX_Sam: ok i get it
[2016-02-01 15:07:57] zanza : negative premium again today also :o
[2016-02-01 15:38:41] lester1617 : hi
[2016-02-01 15:39:00] lester1617 : where i can find the chart?...
[2016-02-01 15:39:26] BitMEX_Sam : lester1617: Click the "Chart" tab right above the Order Controls
[2016-02-01 16:03:15] lester1617 : im new here
[2016-02-01 16:03:58] lester1617 : which pairs are better to trade?...
[2016-02-01 16:04:53] zanza : XBT24H is highest volume
[2016-02-01 16:08:36] elmorte : BitMEX_Sam: I was reading the chat archive of the last 48hrs and Wally was discussing the new order types. Is that currently only on testnet?
[2016-02-01 16:10:05] elmorte : Had a busy weekend and wanted to catch up on all the goss in case you're wondering why
[2016-02-01 16:12:19] tscha : elmorte: yes, it is on testnet atm afaik
[2016-02-01 16:13:49] BitMEX_Sam : elmorte: Yep, still only in Testnet
[2016-02-01 16:13:57] BitMEX_Sam : We'll make a big announcement when it's all live, we're adding a lot of features
[2016-02-01 16:33:45] elmorte : Cheers
[2016-02-01 17:17:35] REKT : Liquidated long on `XBT24H`: Sell 1 @ 371.14 :punch: :whale:
[2016-02-01 19:23:09] REKT : Liquidated long on `XBT7D`: Sell 3204 @ 369.38
[2016-02-01 20:18:50] REKT : Liquidated long on `XBT24H`: Sell 233 @ 369.02
[2016-02-01 20:32:16] zanza : hmm, drifting back down
[2016-02-01 20:32:42] rapidtrades : where the F is the new guy
[2016-02-01 20:32:53] rapidtrades : I need some discount and/or premium
[2016-02-01 20:34:43] habibi : he figured out that there is settlement every 24h and position is not kept after :p
[2016-02-01 20:35:24] rapidtrades : has there been any discount or premium today
[2016-02-01 20:49:33] zanza : discount earlier
[2016-02-01 20:56:20] rapidtrades : how much
[2016-02-01 21:45:11] sleger : rapidtrades: hmm you made fun of someone 2 days ago for being a trader for 10 years and the only thing he can do is spot / fut arbitrage... reminds me of someone else now
[2016-02-01 22:07:17] zanza : habibi ?
[2016-02-01 22:18:55] habibi : zanza: what's up?
[2016-02-01 22:25:18] rapidtrades : sleger: meh...it's somewhat ''safe'' income...but with the current volatility in bitcoin directional has been much more profitable for me on a ROI basis
[2016-02-01 22:29:15] sleger : hard to beat a 1% a day...
[2016-02-01 22:30:28] rapidtrades : it's more like 0.5% on average?
[2016-02-01 22:30:56] rapidtrades : after fees etc....
[2016-02-01 22:32:27] sleger : depends which period, there was a more than 10% on daily when btc touched 500
[2016-02-01 22:33:03] rapidtrades : yeah...that's why I said average...smtimes there's nothing all day or maybe $1 arb
[2016-02-01 22:34:13] REKT : Liquidated short on `XBT24H`: Buy 300 @ 371.24
[2016-02-01 22:34:41] rapidtrades : sleger: also not sure how scalable it is...cause you have to hedge your exposure and USD spot doesn't have that much liquidity
[2016-02-01 22:36:34] sleger : I guess it depends how much you start from when you say scalable
[2016-02-01 22:36:49] sleger : I think for what you trade you can scale a lot
[2016-02-01 22:38:24] rapidtrades : idk...I've been using okc and finex to hedge and already takes me a long time to get filled...if u want insta fills u pay 0.2% each side so not really ideal for arbs
[2016-02-01 22:41:25] rapidtrades : 0.4% will eat most of the ''arb'' on most days
[2016-02-01 23:06:40] rapidtrades : zanza: nice drop in oil today
[2016-02-01 23:07:42] zanza : yeah i got lucky then cloased out to secure gains
[2016-02-01 23:08:01] zanza : dont want to gey too greey]dy, but i think we will see 27 again soon
[2016-02-01 23:15:14] rapidtrades : still looks very weak....keeping my short here
[2016-02-01 23:16:31] rapidtrades : I think we'll range for the next month or so but trading this shorter-term
[2016-02-01 23:46:35] REKT : Liquidated short on `XBT24H`: Buy 772 @ 371.46
[2016-02-02 00:38:26] REKT : Liquidated short on `XBT24H`: Buy 6370 @ 373.05
[2016-02-02 00:39:46] REKT : Liquidated short on `XBT24H`: Buy 2421 @ 373.35
[2016-02-02 01:55:10] micmix : BitMEX_Sam, BitMEX_Wally: saw a bunch of errors in the log: 500 Unable to find session after 3 retries.
[2016-02-02 01:56:28] micmix : and 500 Server Error, with html body "An internal server error occured."
[2016-02-02 05:47:34] REKT : Liquidated short on `XBT24H`: Buy 4000 @ 374.15
[2016-02-02 07:12:34] rapidtrades : anyone took some trades today?
[2016-02-02 07:13:10] rapidtrades : I think new guy died
[2016-02-02 07:13:14] rapidtrades : RIP new guy
[2016-02-02 11:59:15] habibi : love new guy :D
[2016-02-02 12:00:56] rapidtrades : is he back?
[2016-02-02 12:01:07] habibi : someone similar to him was before settlement
[2016-02-02 12:01:21] rapidtrades : hush he was awesome :)
[2016-02-02 12:01:40] rapidtrades : did u catch a piece of it?
[2016-02-02 12:02:16] habibi : yea, pennies but still, 23k opened long before settlement 0.8$ under settlement price
[2016-02-02 12:03:13] rapidtrades : dam u got more then me...and I thought I caught a lot
[2016-02-02 12:04:12] j8 : yeah i got around 24k also
[2016-02-02 12:04:36] j8 : someone wasn't looking at the clock i think
[2016-02-02 12:04:53] habibi : mine were 8071 orders, or he was trying to close position didnt check ope interest
[2016-02-02 12:06:00] habibi : i see there was nice premium at 7 hour before settlement
[2016-02-02 12:06:10] habibi : 376
[2016-02-02 12:06:23] rapidtrades : how do u know it was premium
[2016-02-02 12:06:54] habibi : coz finex by that time was a 374,china about 2520-2525
[2016-02-02 12:07:00] rapidtrades : I see a high of $379 on okc
[2016-02-02 12:07:11] rapidtrades : around that time
[2016-02-02 12:07:19] rapidtrades : finex has been low all morning
[2016-02-02 12:08:06] rapidtrades : finex $3 below okc now
[2016-02-02 12:08:07] j8 : there was a nice bid at 376, 25k or so
[2016-02-02 12:08:26] rapidtrades : was there a premium?
[2016-02-02 12:08:27] habibi : yea u right, but tradeblock index shows highest value as 374.31
[2016-02-02 12:08:45] j8 : yeah finex was 374ish
[2016-02-02 12:08:54] rapidtrades : ok so that's still only $1.7 premium...nothing to write home about
[2016-02-02 12:09:10] habibi : in other words that was the only premium in 24h
[2016-02-02 12:09:22] j8 : pretty boring but it was the most exciting thing to happen
[2016-02-02 12:09:29] rapidtrades : yeah it was a sucky day until settlement
[2016-02-02 12:10:27] rapidtrades : my volume today prolly matched yday due to those antics....I wonder if he will keep on selling
[2016-02-02 13:56:31] lockhedge : off topic.... very interesting list of cognitive biases (originally not for trading) https://en.wikipedia.org/wiki/List_of_cognitive_biases
[2016-02-02 13:57:21] lockhedge : robot builders be aware of the "IKEA effect" *The tendency for people to place a disproportionately high value on objects that they partially assembled themselves, such as furniture from IKEA, regardless of the quality of the end result.*
[2016-02-02 14:06:51] Teddy76 : 200 bots oO
[2016-02-02 14:14:58] zanza : http://imgur.com/uDFeKxY
[2016-02-02 14:16:04] sleger : that's just dumb, you can do that in any language
[2016-02-02 14:18:10] zanza : lol
[2016-02-02 15:11:25] tscha : lockhedge: that's basically the 101 of behavioural finance :D
[2016-02-02 15:11:38] tscha : some biases are really interesting indeed
[2016-02-02 15:17:52] lockhedge : tscha: yes, but a very comprehensive list with some biases that are not so commonly discussed in a finance context, but i'm no expert, only knew Kahneman's "loss aversion" before and learned about the concept of FOMO from this trollbox i think
[2016-02-02 15:20:39] lockhedge : i'm actually really interested in bot programming biases
[2016-02-02 15:21:27] lockhedge : and somehow obsessed to find a completely neutral market making strategy ;)
[2016-02-02 15:24:02] zanza : i kind of have an algorithm for one
[2016-02-02 15:24:44] zanza : I feel like bots should be based on indicative settle price (not fair) thats just my own opinion though
[2016-02-02 15:25:29] tscha : lockhedge: I specifially like the Curse of Knowledge effect :D
[2016-02-02 15:25:42] sleger : who said bots are based on fair price ? @zanza
[2016-02-02 15:26:38] tscha : lockhedge: it was first referred to by colin camerer, he actually was at our university recently and we had a chat with him after his speech
[2016-02-02 15:26:39] REKT : Liquidated short on `XBT7D`: Buy 1650 @ 375.27
[2016-02-02 15:27:05] sleger : tscha: oh you're a student...
[2016-02-02 15:27:13] tscha : pretty sick dude, had his bachelor with 16 or 17 I think, master with 19 and phd with 21
[2016-02-02 15:27:19] tscha : sleger: not anymore :)
[2016-02-02 15:28:35] tscha : he did all that while starting a band, they were pretty famous in their region, he started a record label too I think.. pretty cool guy
[2016-02-02 15:32:53] tscha : now he is doing experiments in collaboration with a medical institute, they create a trading simulation which involves experiencing a bubble and measure cognitive impulses of specific parts of the brain of the subjects
[2016-02-02 15:33:40] tscha : maybe he already published that though, that was over a year ago and haven't followed his work the last months
[2016-02-02 15:41:22] lockhedge : tscha: Camerer sounds very interesting, thanks
[2016-02-02 15:41:40] lockhedge : Colin Camerer: Neuroscience, game theory, monkeys https://www.youtube.com/watch?v=uKByBgqxOw4
[2016-02-02 15:42:20] tscha : yeah, you will like that :D
[2016-02-02 15:42:39] lockhedge : tscha: you are studying at UIBK?
[2016-02-02 15:43:08] tscha : I did my master in banking&finance there, yeah
[2016-02-02 16:02:39] lockhedge : tscha: indeed i like it https://twitter.com/RobotFinance/status/694551271450267648
[2016-02-02 16:03:10] REKT : Liquidated short on `XBT7D`: Buy 300 @ 375.73
[2016-02-02 16:04:10] REKT : Liquidated short on `XBT7D`: Buy 2000 @ 376.90
[2016-02-02 16:11:17] tscha : lockhedge: our behavioural finance department actually does a lot of stuff you would like: http://derstandard.at/1392686340413/Das-risikoreiche-Turnier-der-Haendler
[2016-02-02 16:26:19] lockhedge : tscha: yes, thanks
[2016-02-02 16:33:30] lockhedge : http://digitalasset.com/press/goldman-sachs-and-ibm-invest-in-digital-asset.html
[2016-02-02 18:44:14] REKT : Liquidated short on `ETH7D`: Buy 1385 @ 0.00632
[2016-02-02 20:06:36] REKT : Liquidated long on `XBT24H`: Sell 502 @ 371.80
[2016-02-02 20:31:07] rapidtrades : what a winter huh fellas...already feels like spring
[2016-02-02 20:41:04] rapidtrades : R ye ded fellas? say smth
[2016-02-02 20:43:58] tscha : rapidtrades: where are you from?
[2016-02-02 20:44:22] rapidtrades : europe...u?
[2016-02-02 20:44:33] tscha : you are british?
[2016-02-02 20:44:35] tscha : i am from austria
[2016-02-02 20:44:42] rapidtrades : nah why
[2016-02-02 20:44:58] tscha : well you are from an English speaking country right?
[2016-02-02 20:45:03] rapidtrades : nah man
[2016-02-02 20:45:16] tscha : so... where are you from?
[2016-02-02 20:45:24] rapidtrades : cos I used fellas? I'm classy like that :)
[2016-02-02 20:45:55] tscha : or to ask the question differently: where is your vpn server located?
[2016-02-02 20:46:42] rapidtrades : lol I'm not American
[2016-02-02 20:47:12] tscha : of course you aren't ?
[2016-02-02 20:48:28] rapidtrades : I was in Budapest in autumn...planned to make a day trip to Vienna but never got around to it...
[2016-02-02 20:48:34] rapidtrades : regret it now :)
[2016-02-02 20:48:48] tscha : so as an European, what state of the US do you like most?
[2016-02-02 20:49:56] rapidtrades : ...
[2016-02-02 20:50:24] tscha : i am talking about travelling/holidays obviously
[2016-02-02 20:50:59] rapidtrades : never been to US yet unfortunately
[2016-02-02 20:51:32] tscha : yeah, better stay in Europe right? ?
[2016-02-02 20:51:48] rapidtrades : wtf...lol
[2016-02-02 22:29:04] micmix : Groundhog Day 2016: Punxsutawney Phil sees no shadow, predicts early spring
[2016-02-02 23:15:59] BitMEX_Sam : Weather this winter has been more than strange, that's for sure
[2016-02-02 23:17:13] micmix : yeah, we had +5C days followed by -18C days
[2016-02-02 23:18:10] tscha : winter was/is very warm here
[2016-02-02 23:21:43] micmix : it's very warm here as well. usually the temperature is below -20C this time of year and it's -3 now, going to be +8 tomorrow
[2016-02-02 23:30:36] tscha : I love canada, was there a couple of times... but extreme temperatures, not only cold in winter but extremely hot in the summer too.. at least in Quebec
[2016-02-02 23:35:57] rapidtrades : ugh Quebec...the only good thing that came out out if that shithole is ''just for laughs''
[2016-02-02 23:37:22] rapidtrades : In fact let's nuke all french-speaking places and be done with it...
[2016-02-02 23:37:32] rapidtrades : nothing of value will be lost
[2016-02-02 23:37:34] tscha : what I also like about canada is that they don't give a shit about heliskiing. In Europe, this is forbidden pretty much everywhere
[2016-02-02 23:39:06] rapidtrades : Yuan getting into that 62/63 area again
[2016-02-02 23:39:41] rapidtrades : PBOC prolly intervened here past few days...wonder if they'll keep it up
[2016-02-03 00:17:17] micmix : tscha: Ontario is even worse than Quebec during summer, very hot and humid. I prefer west coast, like Whistler, BC :-)
[2016-02-03 00:19:39] micmix : tscha: www.whistlerheliskiing.com if you're up for it ;-)
[2016-02-03 00:20:35] tscha : I went with http://www.wiegele.com/
[2016-02-03 00:20:42] tscha : was fabulous
[2016-02-03 00:21:45] micmix : very nice!
[2016-02-03 00:30:04] tscha : was in Vancouver too for a month when I was younger, loved the city
[2016-02-03 03:07:08] REKT : Liquidated long on `XBT24H`: Sell 680 @ 370.72
[2016-02-03 03:08:27] rapidtrades : finex is going to shit again
[2016-02-03 03:08:30] rapidtrades : f this shit exchang
[2016-02-03 03:09:08] REKT : Liquidated long on `XBT24H`: Sell 1900 @ 368.55
[2016-02-03 09:10:38] lockhedge : EU commission will propose new AML rules for Bitcoin in June http://www.reuters.com/article/us-eu-terrorism-financing-idUSKCN0VB1N7
[2016-02-03 09:14:18] micmix : lockhedge: I thought KYC/AML was already required for bitcoin exchanges in EU, wasn't it?
[2016-02-03 09:24:42] lockhedge : there is no EU-wide definition of Bitcoin, so it depends how Bitcoin is defined by the member states, e.g. in Germany exchanges need to have a MTF or bank exchange
[2016-02-03 09:25:44] micmix : ah, ok. Bitstamp has been doing KYC/AML for a while
[2016-02-03 09:27:40] lockhedge : but there are other players in the field, e.g. in Austria you can buy a "Bitcoin bon" worth $150 which is like a virtual debit card or a voucher to top-up your moble phone - seems that the EC wants to target these prepaid systems when the €500 bill is the mst efficient money laundering instrument of the world
[2016-02-03 09:30:16] micmix : well I'm sure bans on cash or something similar to the US civil forfeiture laws are coming.