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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[2016-01-31 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.
[2016-02-03 09:37:00] lockhedge : hearing on virtual currencies, European Parliament Committee on Committee on Economic and Monetary Affairs - 25/01/2016 http://www.europarl.europa.eu/news/en/news-room/20160121IPR10945/Committee-on-Economic-and-Monetary-Affairs-25012016-(PM) (video)
[2016-02-03 09:38:30] lockhedge : agenda https://polcms.secure.europarl.europa.eu/cmsdata/upload/6849f7ce-204b-455d-9405-d0b0093d3e06/Draft%20Programme%20hearing%20VCs.pdf (PDF)
[2016-02-03 09:42:57] lockhedge : micmix: no doubt the EU will follow the US, but i guess this process is more positive than negative for Bitcoin as is creates regulatory certainty (and credit card operators, phone companies and Bitcoin start-ups) are on the same side to get proportional rules for small transactions
[2016-02-03 09:56:38] micmix : lockhedge: yes, I agree with that unless the rules are prohibitively restrictive and full compliance is very expensive
[2016-02-03 10:30:47] rapidtrades : hows it going fellas?
[2016-02-03 10:40:45] micmix : rapidtrades: sloooow market
[2016-02-03 10:42:03] laisee : 372 +/- 2.00
[2016-02-03 10:43:28] rapidtrades : micmix: yeah 0 trades so far
[2016-02-03 11:11:03] REKT : Liquidated long on `XBT24H`: Sell 500 @ 370.60
[2016-02-03 11:17:34] lockhedge : who is selling at a $4 discount 45min before settlement?
[2016-02-03 11:18:02] tscha : someone who will start dropping coins at 11:30 UTC
[2016-02-03 11:19:26] tscha : but well, open interest is too low to make that profitable in any way, maybe just someone who is new
[2016-02-03 11:22:18] lockhedge : or stupid bots like mine who (passively) sold at 366.24 ;)
[2016-02-03 11:25:36] tscha : haha.. ouch
[2016-02-03 11:25:53] lockhedge : the bot was already sold out a bid, bought at a huge discount, so it suddenly offered very low asks for inventory/risk management reasons. this should actually not be that radical shortly before settlement
[2016-02-03 11:34:24] tscha : my bot did some small takers actually, maybe my bot bought from your bot :P
[2016-02-03 11:42:32] lockhedge : so this whole mess is actually our bots fault :)
[2016-02-03 11:45:07] lockhedge : will cost me about 0,5% of my balance... i really have to upgrade inventory management
[2016-02-03 12:01:45] thehawthorne : #hearnwasright
[2016-02-03 12:02:34] REKT : Liquidated long on `XBTH16`: Sell 16678 @ 395.27 **MEGA-REKT** :boom:
[2016-02-03 12:10:50] rapidtrades : JUST FACKING FALL ALREADY U SHITCOIN
[2016-02-03 12:34:46] slavo : are withdrawal still processed daily? at what time please?
[2016-02-03 12:35:25] tscha : slavo: one hour after settlement IIRC, so in approx. half an hour
[2016-02-03 12:37:02] slavo : ok ty
[2016-02-03 13:18:31] BitMEX_Sam : We're having a small service disruption - trading will be back online very shortly.
[2016-02-03 13:21:09] BitMEX_Sam : Service is back online.
[2016-02-03 15:24:22] tscha : Blockstream got another $50 in Series A funding.. rofl
[2016-02-03 15:25:30] tscha : They got $75m just from seeding rounds + Series A.... just to put that in context, facebook got $15 until after Series A while having a valuation of $100m at that time
[2016-02-03 15:28:36] tscha : There is *no way* on earth to achieve such a valuation without incorporating the control over the protocol into the business plan.
[2016-02-03 15:35:22] tscha : This is going to get so ugly the next months...
[2016-02-03 15:40:20] laisee : tscha: very ugly, that's a real shot across the bows for banks everywhere.
[2016-02-03 15:40:45] laisee : heh. and price is falling :-0
[2016-02-03 15:42:30] arbitrage001 : so mike hearn is right all along?
[2016-02-03 15:43:05] arbitrage001 : thought he was a whiner
[2016-02-03 15:44:17] habibi : all in all still this was the biggest bubble by volume ever, not counting mtgox one due to willy
[2016-02-03 15:44:42] arbitrage001 : bubble in what way?
[2016-02-03 15:44:55] habibi : in 230-->515 way
[2016-02-03 15:45:07] arbitrage001 : well
[2016-02-03 15:45:27] arbitrage001 : i remembered 200 to 1200 in a month
[2016-02-03 15:45:38] arbitrage001 : china bubble
[2016-02-03 15:46:11] habibi : as i said, i hope this time there is no willy
[2016-02-03 15:46:30] arbitrage001 : willy bot price manipulation is a myth
[2016-02-03 15:46:47] habibi : ...
[2016-02-03 15:47:09] arbitrage001 : mtgox price was pretty much disregard for most traders
[2016-02-03 15:47:22] arbitrage001 : most traders like me
[2016-02-03 15:47:35] arbitrage001 : only paid attention to btcchina and bitstamp at that time
[2016-02-03 15:47:43] habibi : yea yea
[2016-02-03 15:47:54] tscha : Don't think it was a "bubble" since there were actual investments made in the Bitcoin sector and promising partners were found. But I agree that the price might take a hit during the ugly fight that is about to come up between the dev teams. And yeah, Hearn was right with every single word he wrote.
[2016-02-03 15:48:34] tscha : If the fork doesn't happen in a smooth way the next 3 months, this is going to get *really* ugly.
[2016-02-03 15:50:17] habibi : arbitrage001 so lets say mtgox had no affect for price all around others exchanges. lets say even there was no willy with artificial created btcs or $, why if everyone was not looking into mtgox, price fallen at the hours mtgox went bankcruptcy, so much?
[2016-02-03 15:51:19] arbitrage001 : no one had been able to withdraw fiat from mtgox for more than months before it went bankcrupt
[2016-02-03 15:51:27] arbitrage001 : 6 months
[2016-02-03 15:52:01] arbitrage001 : risk for storing fiat or btc at mtgox was extremely hih
[2016-02-03 15:52:14] arbitrage001 : since people cant withdraw fiat
[2016-02-03 15:52:28] arbitrage001 : they buy btc at whatever premium just to transfer money out
[2016-02-03 15:53:04] arbitrage001 : i remember payin 7-9% premium
[2016-02-03 15:53:07] habibi : once again, why price has fallen that much at the time gox went bakrupcy?
[2016-02-03 15:53:29] habibi : arbitrage001: u had same 7-9% premium during this ride to 500 or second one
[2016-02-03 15:53:36] arbitrage001 : cuz people realized btc were missing
[2016-02-03 15:54:05] arbitrage001 : regardless
[2016-02-03 15:54:19] arbitrage001 : once people found out the ecchange in insolvent
[2016-02-03 15:54:27] arbitrage001 : people do random stupid things
[2016-02-03 15:54:41] arbitrage001 : price no longer has any relevant meaning
[2016-02-03 15:54:53] tscha : lol...
[2016-02-03 15:55:15] habibi : great explanation
[2016-02-03 15:55:42] habibi : but it means nothing less than gox had big influence for the price all over around
[2016-02-03 15:56:13] arbitrage001 : china central bank has much bigger influnce
[2016-02-03 15:56:31] arbitrage001 : and responsible for the mother of all crashes
[2016-02-03 15:56:46] arbitrage001 : 1200 back to 300
[2016-02-03 16:47:42] REKT : Liquidated short on `ETH7D`: Buy 200 @ 0.00682