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<< >> English 中文 Русский 한국어 日本語 Español Français [2016-05-25 19:51:29] Mangalica : got suckered into a bounce play and then the MM bailed and we had 50contract/h volume for a while [2016-05-25 19:52:20] Mangalica : took some time to make it back and traded mainly on finex after that [2016-05-25 19:53:02] Mangalica : one of THOSE weeks i guess.. [2016-05-25 19:53:30] arbitrage001 : so, need to wait for market condition? [2016-05-25 19:54:43] Mangalica : well yes that's the main thing in trading. I usually compare it to fishing. [2016-05-25 19:55:34] arbitrage001 : i see [2016-05-25 19:55:42] arbitrage001 : good tip [2016-05-25 19:55:49] sleger : you dynamite it and collect the dead fishes too ? [2016-05-25 19:56:09] arbitrage001 : hello, sleger [2016-05-25 19:56:13] arbitrage001 : any tip? [2016-05-25 19:56:18] Mangalica : you sit there and watch (or at least have charts up on other monitors) and wait for opportunities. There are misses there too but you can't just trade like a maniac unless the market is hyper-volatile, but that hasnt happened in a while [2016-05-25 19:57:13] sleger : short all shitcoins except the 2-3 hypes of the moment, go back to bed for 6 months, come collect your money [2016-05-25 19:57:32] sleger : then short the previously 2-3 hypes of the moment as well [2016-05-25 19:57:42] arbitrage001 : i see [2016-05-25 19:57:53] arbitrage001 : thought most shit coin already hit rock bottom [2016-05-25 19:58:07] arbitrage001 : not even worth shorting considering the risk [2016-05-25 19:58:46] sleger : well your other option is to become really smart, learn how to program and make a smart market making bot and collect money every day [2016-05-25 19:58:58] sleger : first option is easier for most people [2016-05-25 19:59:22] Mangalica : so arbitrage001, you mainly do... arbitrage? [2016-05-25 19:59:30] arbitrage001 : yea [2016-05-25 20:01:07] sleger : the real issue is that the green of my pnl is so bright it's hard to look at [2016-05-25 20:02:01] arbitrage001 : what method is feasible for mm bot? [2016-05-25 20:02:18] arbitrage001 : info is super secret? [2016-05-25 20:02:25] arbitrage001 : strategy that is [2016-05-25 20:03:52] Mangalica : probably is [2016-05-25 20:04:40] Mangalica : I know i wouldn't talk about my strategy much if i had a very profitable bot [2016-05-25 20:04:56] arbitrage001 : same here lol [2016-05-25 20:05:35] Mangalica : you arbing is mainly done by an algo too, right? [2016-05-25 20:05:37] lockhedge : arbitrage001: there are a lot of different ways. my simple non-directional and non-predictive bot (about 3% market share on XBTUSD) is mainly based on inventory management and a (near) real-time reference price [2016-05-25 20:05:51] arbitrage001 : Mangalica: nope, all manual [2016-05-25 20:05:59] mrp1nk : what happened to Tullip_Stefan btw. [2016-05-25 20:05:59] Mangalica : oh cool [2016-05-25 20:06:29] arbitrage001 : lockhedge: any cheap bot for sell? [2016-05-25 20:07:29] arbitrage001 : Mangalica: china exchange and the rest of the world, from time to time, gives huge opportunity [2016-05-25 20:07:51] arbitrage001 : price difference is so large you wont believe your eyes [2016-05-25 20:08:17] arbitrage001 : there disproves market efficiency hypothesis [2016-05-25 20:08:18] lockhedge : arbitrage001: i will publish is as open source code, still working on documenting it, the reference price part is already open source https://robotfinance.org/bix/beta/ [2016-05-25 20:08:36] arbitrage001 : lockhedge: nice [2016-05-25 20:08:56] arbitrage001 : have documentation on how to deploy the bot? [2016-05-25 20:11:30] lockhedge : arbitrage001: not yet [2016-05-25 20:12:34] Mangalica : so you mainly arb BTC then? [2016-05-25 20:13:17] arbitrage001 : Mangalica: yes [2016-05-25 20:13:42] arbitrage001 : alt coin spread and fee are usually too large [2016-05-25 20:13:48] Mangalica : i see [2016-05-25 20:13:57] arbitrage001 : and depth too shallow to worth the time [2016-05-25 22:15:52] ButchPooch : Do you know an exchange with lower spreads? [2016-05-25 22:17:11] sleger : lower than what ? [2016-05-25 22:36:11] sleger : ah I see you waited around for the answer [2016-05-25 22:57:23] ButchPooch : How do i close a position? [2016-05-25 22:57:48] ButchPooch : sleger: lower than Bitmex [2016-05-25 22:58:46] lockhedge : ButchPooch: buy if you are short / sell if you are long [2016-05-25 23:15:03] sleger : spreads are very tight on xbtusd what else do you want ? 0.01 ? @ButchPooch [2016-05-26 00:49:28] raithe : Given Lisk-futures add anymore thought Arthur? High volume at polo [2016-05-26 02:04:21] REKT : Liquidated short on `ETHXBT`: Buy 50 @ 0.02829 [2016-05-26 02:09:36] REKT : Liquidated short on `ETHXBT`: Buy 40 @ 0.02833 [2016-05-26 02:09:36] REKT : Liquidated short on `ETHXBT`: Buy 2000 @ 0.02834 [2016-05-26 02:18:06] REKT : Liquidated short on `ETHXBT`: Buy 30 @ 0.02846 [2016-05-26 02:21:35] huangyong : 管理员,空单今天的利率收益是0.0325%,每天的利率在那里可以看到,就是我想看昨天的,前天的 [2016-05-26 02:21:42] huangyong : BitMEX_Wally: 管理员,空单今天的利率收益是0.0325%,每天的利率在那里可以看到,就是我想看昨天的,前天的 [2016-05-26 02:36:19] BitMEX_Jinming : huangyong: XBT: https://www.bitmex.com/app/index/.XBTBON24H [2016-05-26 02:36:54] BitMEX_Jinming : huangyong: USD: https://www.bitmex.com/app/index/.USDBON24H [2016-05-26 02:38:02] BitMEX_Jinming : 空单是付XBT利息,获得USD利息 [2016-05-26 03:17:21] REKT : Liquidated short on `ETHXBT`: Buy 12 @ 0.02867 [2016-05-26 03:17:51] REKT : Liquidated short on `ETHXBT`: Buy 200 @ 0.02872 [2016-05-26 03:17:51] REKT : Liquidated short on `ETHXBT`: Buy 75 @ 0.02871 [2016-05-26 03:18:06] REKT : Liquidated short on `ETHXBT`: Buy 1457 @ 0.02876 [2016-05-26 05:28:51] REKT : Liquidated long on `ETHXBT`: Sell 350 @ 0.02831 [2016-05-26 06:14:36] REKT : Liquidated long on `ETHXBT`: Sell 196 @ 0.02782 [2016-05-26 06:25:51] REKT : Liquidated long on `ETHXBT`: Sell 11 @ 0.02752 [2016-05-26 06:51:36] REKT : Liquidated long on `ETHXBT`: Sell 200 @ 0.02737 [2016-05-26 09:31:37] aethlios : lisk on testnet!! waiting for polo to add margin. [2016-05-26 09:33:17] loba333 : Hi, i want to withdraw, when is the latest time i can do that so it will make todays withdrawal ? [2016-05-26 09:35:19] BitMEX_Jinming : loba333: the cutoff time is 13:00 UTC daily [2016-05-26 09:36:40] loba333 : ok great, so if i make the withdrawall 5 mins before that it will go through ? from 13:00 UTC when are the funds released ? [2016-05-26 09:38:08] BitMEX_Jinming : loba333: yes if you request and confirm your withdrawal before 13:00 UTC. [2016-05-26 10:03:15] BombaUcigasa : Lisk on friday? [2016-05-26 10:08:03] aethlios : BombaUcigasa: polo must start lisk margin in order to have swaps [2016-05-26 10:08:16] BombaUcigasa : That makes sense aethlios [2016-05-26 10:12:10] BitMEX_Wally : For the moment we will just use the Bitcoin borrow rate on Poloniex for longs [2016-05-26 10:12:31] BitMEX_Wally : And 0% as the Lisk rate until margin trading starts [2016-05-26 10:13:40] BitMEX_Wally : So we can launch `LSKXBT` swap without waiting for Poloniex to launch margin trading [2016-05-26 10:20:21] REKT : Liquidated long on `ETHXBT`: Sell 81 @ 0.02709 [2016-05-26 10:20:21] REKT : Liquidated long on `ETHXBT`: Sell 120 @ 0.02706 [2016-05-26 10:20:51] REKT : Liquidated long on `ETHXBT`: Sell 450 @ 0.02703 [2016-05-26 10:39:17] REKT : Liquidated short on `XBTUSD`: Buy 42069 @ 450.35 **EPIC REKT** :unamused: :confounded: :astonished: [2016-05-26 10:46:05] mjones : lol who shorts that much [2016-05-26 10:47:02] mrp1nk : a MM [2016-05-26 11:00:05] aethlios : BitMEX_Wally: Hello, when are you planning to launch lisk? [2016-05-26 11:04:49] mrp1nk : ^this [2016-05-26 11:04:57] mrp1nk : *my body is ready* [2016-05-26 11:05:11] BitMEX_Arthur : In the next few days [2016-05-26 11:07:17] mrp1nk : meh, why always so late? ppl were begging to add ltc and you didn't. when you finally did most of the party was over. hurry up man [2016-05-26 11:08:01] mrp1nk : please :) [2016-05-26 11:10:10] mrp1nk : you know the degens are eagerly awaiting it, lol [2016-05-26 11:20:01] jung1 : BitMEX_Arthur: LISK FUTURES FTW [2016-05-26 11:20:06] jung1 : love you guys [2016-05-26 11:20:07] jung1 : #nohomo [2016-05-26 11:22:15] BitMEX_Arthur : Always no homo if you pay fees :smile: [2016-05-26 11:25:02] jung1 : well to be honest you deserve it to pay fees [2016-05-26 11:42:34] jung1 : btw I would love to buy some bitmex shares [2016-05-26 11:42:51] jung1 : and trade them on bitmex shares futures market [2016-05-26 11:43:36] rapidtrades : srsly? adding lisk [2016-05-26 11:43:47] rapidtrades : i don't even know what DAO is yet [2016-05-26 11:45:15] jung1 : conform or die [2016-05-26 11:46:21] mrp1nk : rapidtrades: irrelevant, just trade the waves [2016-05-26 11:46:43] haxmb : BitMEX_Arthur: whne are the LSK futures launching? [2016-05-26 11:47:12] mrp1nk : .. but be sure to never hold this shitcoins [2016-05-26 11:47:20] mrp1nk : *these [2016-05-26 11:47:28] jung1 : mrp1nk: yeah [2016-05-26 11:47:31] jung1 : eth for example [2016-05-26 11:47:39] jung1 : worst investment ever [2016-05-26 11:48:09] haxmb : jung1: yeah i only got a x15 on my inveestment, never gonna do that again [2016-05-26 11:48:18] rapidtrades : i hear coinbase took out bitcoin from its description [2016-05-26 11:48:20] haxmb : jung1: now i cant even hold my wallet anymore because of all the $$$ in it [2016-05-26 11:48:25] mrp1nk : jung1: future bagholder confirmed [2016-05-26 11:48:41] rapidtrades : the shiteo says eth is better [2016-05-26 11:49:17] jung1 : haxmb: same here [2016-05-26 11:49:47] jung1 : expensive mistake [2016-05-26 11:49:47] rapidtrades : srsly how stupid u have to be in order to change the name from coinbase, a well known name in this space to GDAX [2016-05-26 11:50:01] jung1 : same with lisk now. only 400% so far ://////// [2016-05-26 11:50:11] rapidtrades : that idiot should get the Darwin award [2016-05-26 11:50:30] jung1 : cmon most of bitcoin comapniest have BIT or COIN in name [2016-05-26 11:50:35] rapidtrades : u devalued ur brand by choice [2016-05-26 11:50:47] jung1 : same as internet companies i 2000 e-something [2016-05-26 11:51:04] rapidtrades : jung1: so what? a coin doesn't have to be bit-coin [2016-05-26 11:51:15] haxmb : lol @ all the altocoin haters [2016-05-26 11:51:19] rapidtrades : guess its cos that shitcoin eth doesn't have coin in tis shitty name [2016-05-26 11:51:34] jung1 : all comapnies sounds same [2016-05-26 11:51:37] jung1 : even bitmex [2016-05-26 11:51:42] haxmb : why are you purposefully ignoring massive profitable opportunities [2016-05-26 11:51:56] haxmb : i just dont understand [2016-05-26 11:52:09] rapidtrades : haxmb: does ''tech wreck'' mean anything to u [2016-05-26 11:52:31] haxmb : rapidtrades: nope, but profits dont mean anything to u either i suppose [2016-05-26 11:52:59] rapidtrades : haxmb: easy come, easy go b1tch [2016-05-26 11:53:08] haxmb : just trade the bloody instrument, it's volatile as heck [2016-05-26 11:53:14] haxmb : haha [2016-05-26 11:53:17] rapidtrades : stock traders in 1999 thought they were gods then they lost it all [2016-05-26 11:53:30] mrp1nk : haxmb: I'm ok with that as long as you don't really believe in these p&d coins [2016-05-26 11:53:42] haxmb : rapidtrades: im not thinking i'm a god nor am i saying it's gonna go to the moon or to 0 [2016-05-26 11:53:51] haxmb : mrp1nk: exactly, its all fleeting [2016-05-26 11:54:05] BitMEX_Wally : https://testnet.bitmex.com/app/contract/LSKXBT [2016-05-26 11:54:05] haxmb : mrp1nk: but why not grab the profits when they're laying in the street up for grabs [2016-05-26 11:54:18] BitMEX_Wally : Have a look at the contract spec and let us know if you have any questions [2016-05-26 11:54:18] mrp1nk : haxmb: yeah, sure [2016-05-26 11:54:34] rapidtrades : haxmb: most of these shitcoins have barely any trading history [2016-05-26 11:54:34] haxmb : cheers Wally [2016-05-26 11:54:47] haxmb : rapidtrades: and thats bad because? [2016-05-26 11:54:53] rapidtrades : how the f*ck can u say that there are profits just laying on the street [2016-05-26 11:54:55] haxmb : just trying to wrap my mind around it [2016-05-26 11:55:10] rapidtrades : u don't know how it moves, ur just reacting like a monkey [2016-05-26 11:55:32] haxmb : rapidtrades: then explain to me why i made money on the up and down moves of ETH over the last 6 months [2016-05-26 11:56:02] rapidtrades : because both of them were clean moves...once it goes choppy u'll get murdered [2016-05-26 11:56:34] haxmb : rapidtrades: past 6 months were not choppy? :D [2016-05-26 11:56:49] rapidtrades : clearly not cos u made money [2016-05-26 11:56:53] haxmb : rapidtrades: hahaha [2016-05-26 11:57:03] haxmb : rapidtrades: you should do stand up bro [2016-05-26 11:57:19] rapidtrades : :) [2016-05-26 11:57:47] haxmb : funny lad [2016-05-26 12:02:57] sleger : haxmb: imagine 100 random monkeys trading against each other. In the end about 40 will make money (not 50 because of fees), so maybe (just an hypothesis) you're part of the lucky ones ? [2016-05-26 12:03:13] haxmb : sleger: define luck [2016-05-26 12:03:27] sleger : go buy a dictionnary [2016-05-26 12:03:30] haxmb : haha [2016-05-26 12:03:41] haxmb : i agree with the 100 random / 40 profitable thesis [2016-05-26 12:03:54] haxmb : but that levels out to zero over the course of time [2016-05-26 12:03:58] haxmb : for every monkey [2016-05-26 12:04:14] haxmb : unless you have an edge [2016-05-26 12:04:32] haxmb : sleger: agree? [2016-05-26 12:04:40] sleger : no because some get margin called and cant play again [2016-05-26 12:04:56] haxmb : yeah sure [2016-05-26 12:05:06] sleger : but new ones come to play, so safest players stay in the game longer etc... [2016-05-26 12:05:27] haxmb : then the whole 100 monkeys sample size gets changed [2016-05-26 12:05:28] haxmb : either way [2016-05-26 12:05:39] haxmb : the longer you're in the game and the longer you stay profitable [2016-05-26 12:05:48] sleger : so far we can only say that you're not the craziest gambler [2016-05-26 12:05:56] haxmb : you would have to say it's not just luck [2016-05-26 12:05:58] haxmb : right [2016-05-26 12:06:40] haxmb : then taking into account I've been doing this for over a year, every month profitable [2016-05-26 12:06:50] sleger : there are measures of non-randomness in your pnl, see sharpe ratio etc... that could indicate you have an edge [2016-05-26 12:07:04] haxmb : more than 50 million orders, over 500,000 trades [2016-05-26 12:07:07] sleger : but that would be more appropriate for algos etc [2016-05-26 12:07:23] haxmb : ofc algos, manual trading is for plebs [2016-05-26 12:07:40] sleger : ah ok then you should know if you have an edge in your algo or not [2016-05-26 12:07:47] haxmb : markets go 24/7 [2016-05-26 12:07:50] sleger : even if it is just capturing the spread of rekt players [2016-05-26 12:08:05] haxmb : yeah so, it's not just luck [2016-05-26 12:08:16] sleger : in that case possibly yes [2016-05-26 12:08:23] haxmb : cheers [2016-05-26 12:09:30] rapidtrades : haxmb: so what was ur max DD [2016-05-26 12:09:50] haxmb : rapidtrades: drawdown? [2016-05-26 12:10:04] rapidtrades : yea [2016-05-26 12:10:07] haxmb : think 7 - 9% aprox [2016-05-26 12:10:43] rapidtrades : and approximate returns per month or per year? [2016-05-26 12:10:57] haxmb : percentage? [2016-05-26 12:11:05] rapidtrades : no watermelons [2016-05-26 12:11:08] rapidtrades : ofc % [2016-05-26 12:11:13] haxmb : ok, well in watermelons [2016-05-26 12:11:17] haxmb : :P [2016-05-26 12:11:39] haxmb : last year about 900%, this year 500% so far [2016-05-26 12:12:03] haxmb : rapidtrades: how about you? [2016-05-26 12:12:16] rapidtrades : ok...and are u doing arbitrage, market making or directional trading [2016-05-26 12:12:33] rapidtrades : cos those numbers are not sustainable [2016-05-26 12:12:41] haxmb : no directional trading, just arbitrage and spread trading [2016-05-26 12:12:54] rapidtrades : srsly get lost [2016-05-26 12:12:56] haxmb : a lot of hedging intra-exchange [2016-05-26 12:13:01] rapidtrades : then why are u butting in [2016-05-26 12:13:06] haxmb : rapidtrades: what [2016-05-26 12:13:43] rapidtrades : u made it seem like u just follow eth up and down with ur comments [2016-05-26 12:13:43] haxmb : why am i butting in what [2016-05-26 12:14:11] haxmb : nope, but it's very profitable market making on all exchanges [2016-05-26 12:14:19] haxmb : massive spreads / margins [2016-05-26 12:15:14] rapidtrades : guys its easy money, just program ur bot and do market making across exchanges lol [2016-05-26 12:15:21] haxmb : yeah very easy money [2016-05-26 12:15:31] rapidtrades : u are being a bit disingenuous [2016-05-26 12:15:33] haxmb : just gotta maintain everything about 60hr/s a week [2016-05-26 12:15:45] haxmb : and build an algo that does that shit [2016-05-26 12:15:49] haxmb : took about 2.5 years [2016-05-26 12:16:08] haxmb : im not disingenuous [2016-05-26 12:16:12] rapidtrades : it just takes 2.5 yrs but its easy money...srsly get lost [2016-05-26 12:16:18] haxmb : (Y) cool [2016-05-26 12:16:47] haxmb : it's not that hard to build code that accesses APIs of several exchanges mate [2016-05-26 12:16:51] haxmb : it's a work in progress [2016-05-26 12:20:21] rapidtrades : you'll have a better idea of ur actual risk exposure once u have 1-2 disasters happen...like major clawback or exchange going down [2016-05-26 12:20:35] haxmb : rapidtrades: have lost over $20,000 in margin calls on okcoin and 796 [2016-05-26 12:20:54] haxmb : okcoin DDoS with margin calls [2016-05-26 12:20:56] haxmb : good times [2016-05-26 12:20:57] rapidtrades : what's that in % [2016-05-26 12:21:14] haxmb : well i told you my max drawdown right [2016-05-26 12:21:21] rapidtrades : ok so that was it [2016-05-26 12:21:28] haxmb : 7 to 9% [2016-05-26 12:21:47] haxmb : think the okcoin incident was -$12k [2016-05-26 12:21:54] haxmb : and 796 was -$8k [2016-05-26 12:22:04] rapidtrades : ok i don't really know the long-term risk profile for mm/arbitrage, maybe sleger does [2016-05-26 12:24:16] rapidtrades : the DD and actual risk is harder to predict with those type of strategies [2016-05-26 12:24:35] rapidtrades : ur prolly good into more competition comes along :) [2016-05-26 12:24:37] ButchPooch : I need to buy BTC, is there any way to get more than 100x? [2016-05-26 12:24:52] haxmb : yeah well i got rekt with a 2x leveraged short on okcion [2016-05-26 12:25:18] haxmb : rapidtrades: yeah i just gotta keep improving the algo [2016-05-26 12:25:45] haxmb : stagnation of development only gives other ppl chance to catch up [2016-05-26 12:30:08] haxmb : ButchPooch: why do you want more than 100x leverage :O [2016-05-26 12:50:44] rapidtrades : haxmb: how did ur algo do from nov1 to nov4? the great bull run [2016-05-26 12:50:49] rapidtrades : on btc [2016-05-26 12:51:03] zanza : made 20x returns [2016-05-26 12:53:34] haxmb : rapidtrades: pretty good, the divergence between spot and futures (esp. quarters) is tricky though [2016-05-26 12:53:50] haxmb : improved a lot since then, ready for next move like that 8) [2016-05-26 12:54:24] j8 : the hard part is making your 500% returns scale up.. so you make 500% this year, but can you make 500% next year on 6 times as much? that's part of why these numbers seem so much higher than the best hedge funds / HFT [2016-05-26 12:54:56] haxmb : j8: yeah that is the problem, but so far crypto markets have been very kind in scaling up as well as my trading capital [2016-05-26 12:55:21] haxmb : did 500% this year on 10x as much as i did 900% last year on though [2016-05-26 12:55:33] haxmb : it scales down a bit but not too dramatic [2016-05-26 12:55:45] rapidtrades : ur trading on 10x leverage? [2016-05-26 12:55:48] haxmb : nope [2016-05-26 12:55:51] j8 : yep, just don't be too disappointed if you're only making 100% on 100 times as much in a couple years :) [2016-05-26 12:55:56] haxmb : rapidtrades: max 2x leverage [2016-05-26 12:56:28] haxmb : j8: haha , well absolute values are good enough for 5% then so who cares ;-) [2016-05-26 12:58:18] rapidtrades : haxmb: so when does the algo lose money [2016-05-26 12:58:50] haxmb : rapidtrades: when it's offline [2016-05-26 12:59:20] haxmb : rapidtrades: straight up down moves on coins cost money, since you gotta have a position to be able to trade it [2016-05-26 12:59:44] haxmb : but they get traded away pretty efficiently on the chops [2016-05-26 12:59:58] rapidtrades : ok so on down moves [2016-05-26 13:00:19] rapidtrades : so from nov4 onward u lost money? [2016-05-26 13:00:21] haxmb : yeah it trades quite some alts, dont trade margin on that [2016-05-26 13:00:24] haxmb : nope [2016-05-26 13:00:37] haxmb : straight up down moves i mean [2016-05-26 13:00:44] haxmb : like massive dumps and just keeps going [2016-05-26 13:00:50] haxmb : but if it goes up and down and up and down etc [2016-05-26 13:00:51] REKT : Liquidated long on `ETHXBT`: Sell 178 @ 0.02685 [2016-05-26 13:00:54] haxmb : it's all good [2016-05-26 13:00:58] rapidtrades : like crashes [2016-05-26 13:01:26] haxmb : yeah, but mostly i can get like 50% of the loss traded away instantly by trading around the spreads [2016-05-26 13:03:29] rapidtrades : yeah there's a lot of arbs during those times [2016-05-26 13:03:56] haxmb : rapidtrades: yeah, like 1 to 2% moves in spreads sometimes [2016-05-26 13:04:26] haxmb : like quarters went from finex+6 to finex+13 last week during finex dump i think [2016-05-26 13:06:23] rapidtrades : yeah i think it was 2-3 weeks ago, i got in on that as well [2016-05-26 13:06:52] haxmb : yeah thereabouts [2016-05-26 13:06:54] rapidtrades : i arbed with spot tho, don't like the CNY exposure [2016-05-26 13:07:04] rapidtrades : do u hedge that out or just risk it [2016-05-26 13:07:12] haxmb : hedged it on finex [2016-05-26 13:08:02] rapidtrades : haxmb: qaurters is quarterly futures n okc or? [2016-05-26 13:08:09] haxmb : yeah [2016-05-26 13:08:17] rapidtrades : but that's 50% CNY [2016-05-26 13:08:22] rapidtrades : not strictly usd [2016-05-26 13:08:34] haxmb : yeah but if the spread moves you can trade it [2016-05-26 13:08:43] haxmb : doesn't matter if it will deliver on that price [2016-05-26 13:08:48] rapidtrades : right but ur taking on some currency risk [2016-05-26 13:09:10] haxmb : usually those trades get closed within hours by the algo [2016-05-26 13:09:17] haxmb : shorted about 300 btc on quarters and longed it on finex [2016-05-26 13:09:37] haxmb : then started closing at $5 + fees gain i think [2016-05-26 13:09:56] rapidtrades : bit risky but guess that's why u make 300%+ [2016-05-26 13:10:00] rapidtrades : or was it 500% [2016-05-26 13:10:23] haxmb : whats the risk [2016-05-26 13:10:44] haxmb : worst case is it settles out on friday with no gain [2016-05-26 13:11:02] rapidtrades : 10-15% devaluation by china and ur short explodes [2016-05-26 13:11:14] haxmb : oh you mean CNY pegging by PBOC ? [2016-05-26 13:11:24] rapidtrades : yes they control the rate [2016-05-26 13:11:30] haxmb : yeah i know [2016-05-26 13:11:58] haxmb : yeah theres some currency risk involved, agreed [2016-05-26 13:12:23] haxmb : but almost all the time the trade is closed during the chop resulting from the move [2016-05-26 13:13:25] rapidtrades : almost all of time during the past 2 yrs :) [2016-05-26 13:13:51] haxmb : 8) [2016-05-26 13:15:23] j8 : bitcoin exchanges are probably the biggest liability.. ddos, counterparty risk, clawbacks etc. [2016-05-26 13:15:42] j8 : but we all play that game [2016-05-26 13:15:47] rapidtrades : yes prolly [2016-05-26 13:16:24] rapidtrades : im thinking about stopping my arbs because of that risk...manually there's not much opportunity [2016-05-26 13:16:58] rapidtrades : not sure im being compensated for the risk im taking [2016-05-26 13:17:44] j8 : sort of thinking the same thing. well the opportunities come and go with volatility [2016-05-26 13:17:53] haxmb : j8: ddos and clawbacks yeah [2016-05-26 13:20:39] haxmb : they suck [2016-05-26 13:58:13] rapidtrades : haxmb: how do u divide ur capital across exchanges? [2016-05-26 14:02:15] haxmb : rapidtrades: depending on where i need the allocation most [2016-05-26 14:02:20] haxmb : and which ones are most risky [2016-05-26 14:02:25] haxmb : btce -> very low balance :D [2016-05-26 14:02:33] haxmb : bitmex okcoin finex poloniex and kraken the most [2016-05-26 14:02:57] haxmb : 796 also low balance [2016-05-26 14:03:02] haxmb : dont trust em [2016-05-26 14:03:54] rapidtrades : sounds good [2016-05-26 14:04:03] rapidtrades : isn't polo new tho [2016-05-26 14:04:11] haxmb : nah they've been around for over 2 years [2016-05-26 14:04:23] rapidtrades : huh rly [2016-05-26 14:04:27] haxmb : i dont trade on dodgy exchanges like yobit / ccex / eth [2016-05-26 14:04:29] haxmb : etc* [2016-05-26 14:04:35] haxmb : bter also very dodgy [2016-05-26 14:04:47] haxmb : only reputable and established [2016-05-26 14:05:15] rapidtrades : kraken seems very illiquid, prolly great for arbs [2016-05-26 14:05:16] haxmb : looking at adding GDAX now, might be good money trading there [2016-05-26 14:05:29] haxmb : eth/btc is pretty liquid there [2016-05-26 14:05:32] rapidtrades : i think it will be ameros only again [2016-05-26 14:05:33] haxmb : not always [2016-05-26 14:05:52] haxmb : global digital asset exchange [2016-05-26 14:05:56] haxmb : only for americans? :P [2016-05-26 14:06:04] rapidtrades : yeah coinbase was ameros plus uk [2016-05-26 14:06:07] haxmb : that would be some retarded shit [2016-05-26 14:06:08] rapidtrades : and canada [2016-05-26 14:06:16] haxmb : haha yeah but i've used coinbase from EU [2016-05-26 14:06:22] haxmb : not for trading exchange [2016-05-26 14:06:35] rapidtrades : yeah the exchange is limited for some reason [2016-05-26 14:06:56] haxmb : weird shit [2016-05-26 14:07:26] rapidtrades : don't worry tho, they've put eth as their main coin now [2016-05-26 14:07:54] haxmb : 8) [2016-05-26 14:08:00] haxmb : sick arbs incoming [2016-05-26 14:08:19] haxmb : right, back to the coding machine [2016-05-26 15:11:26] Rune : this new perpetual swap is more expensive then the old one or something [2016-05-26 15:11:45] Rune : I shorted and it had to go down a whole dollar before I broke even [2016-05-26 15:12:16] sleger : same fees [2016-05-26 15:12:29] Rune : before when I made a position and it moved 1 dollar in my favor I made a good amount of money [2016-05-26 15:12:43] Rune : I dont get it [2016-05-26 15:13:14] sleger : the calculator may help you [2016-05-26 15:14:39] sleger : i think i know what your mistake is @Rune [2016-05-26 15:14:41] j8 : you're probably just looking at unrealised pnl, which is based on the mark price, which doesn't follow the swap market [2016-05-26 15:14:46] sleger : you are looking at unrealized [2016-05-26 15:14:56] sleger : what j8 said [2016-05-26 15:15:03] j8 : what sleger was about to say [2016-05-26 15:17:59] Rune : I see [2016-05-26 15:36:33] rapidtrades : #noob mistakes [2016-05-26 15:37:18] rapidtrades : i think D day is coming soon [2016-05-26 15:37:38] rapidtrades : we break $470 and make a run for $500 [2016-05-26 15:51:09] BTCDJS : rapidtrades: hey rapid. if thats even your real name [2016-05-26 15:51:27] rapidtrades : BTCDJS: it is actually [2016-05-26 15:51:31] BTCDJS : lol [2016-05-26 15:51:42] BTCDJS : think we will see 444 again? [2016-05-26 15:51:53] BTCDJS : 445 [2016-05-26 15:52:04] rapidtrades : BTCDJS: maybe...im not long yet, we're still rangy [2016-05-26 15:52:25] rapidtrades : well im long 2 btc but that's basically flat for me :) [2016-05-26 15:53:21] BTCDJS : I want to get in on the next low. I just think we will see 440s again before we moon [2016-05-26 15:54:02] BTCDJS : this new perpetual jazz is cool. If I can get in right ill be laughing [2016-05-26 15:54:35] rapidtrades : yeah spreads and liqudity is great so far [2016-05-26 15:54:40] rapidtrades : prolly better then okc [2016-05-26 15:54:46] BTCDJS : nice [2016-05-26 15:55:06] rapidtrades : but i wonder if it lasts, could be just a promotional deal bitmex with its MM [2016-05-26 15:55:45] BTCDJS : hope its permanent. They still get paid either way right? [2016-05-26 15:56:21] rapidtrades : no clue :) they could be working at BE or small loss to deliver tighter spreads [2016-05-26 15:56:31] BTCDJS : hmm [2016-05-26 15:56:49] rapidtrades : im just speculating, guess we'll see in few weeks [2016-05-26 15:57:21] BTCDJS : yeah it would be a damn shame if they change back [2016-05-26 15:59:15] rapidtrades : yeah the 24/48h contracts are just too damn short [2016-05-26 15:59:51] rapidtrades : they were great for arbing etc but for directional trades not so much [2016-05-26 16:01:29] BTCDJS : this way its way better to trade the 1D chart over long period. And at 100x. Its the bees knees man [2016-05-26 16:02:48] sleger : yes trding 1d chart at 100x makes so much sense... lol [2016-05-26 16:02:56] sleger : a 2$ move against you and it's over [2016-05-26 16:03:20] BTCDJS : sleger: providing you bought the low of course [2016-05-26 16:03:57] BTCDJS : thanks for your input wise master [2016-05-26 16:04:23] rapidtrades : BTCDJS: you're welcome [2016-05-26 16:04:53] BTCDJS : lol I was sarcastically referring to the slegemeister [2016-05-26 16:04:57] mjones : holiday weekend in the US so i dont think much will happen over next 5 days [2016-05-26 16:05:11] rapidtrades : mjones: u must be new here [2016-05-26 16:05:36] mjones : here i'll look back to the last couple years and see if BTC moved over this coming weekend [2016-05-26 16:07:10] mjones : 3 day candle moved 3.6% last year over the holiday weekend [2016-05-26 16:08:01] mjones : 2 years ago it was during the may mega bull pump and moved 12% [2016-05-26 16:08:01] rapidtrades : https://www.leaprate.com/2016/05/sec-notice-bans-broker-dealers-from-retail-forex/ [2016-05-26 16:08:29] rapidtrades : mjones: cool so ur already seeing that ur wrong [2016-05-26 16:09:04] mjones : last 3 3day candles moved 1%, 3% and 2% so there isnt much movement right now [2016-05-26 16:09:15] mjones : so i dont think there will be much more over next 5 days [2016-05-26 16:09:39] rapidtrades : if u say so [2016-05-26 16:14:52] mrp1nk : anyone wants to call the top between now and the halving [2016-05-26 16:15:14] rapidtrades : $610 [2016-05-26 16:17:34] arbitrage001 : 500 [2016-05-26 16:21:17] rapidtrades : mrp1nk: how about u fella [2016-05-26 16:22:39] elmorte : @jung1 love you long time #nohomo #lisk [2016-05-26 16:26:56] BTCDJS : yeah I got 610 too [2016-05-26 16:26:59] mrp1nk : i would say max 680 and very likely above 500, so i would say 610 is a pretty decent, but optimistic guess [2016-05-26 16:28:23] mrp1nk : what scares me a little bit is that almost everyone is expecting a pump [2016-05-26 16:29:28] BTCDJS : mrp1nk: whys that scary [2016-05-26 16:30:35] j8 : M16 and U16 are real cheap if you guys think its going to 600+ in ~6 weeks [2016-05-26 16:30:56] j8 : or sub 400 [2016-05-26 16:31:15] mrp1nk : a lot of ppl are already long af. who will provide the fuel to pump to 680? @BTCDJS [2016-05-26 16:31:44] BTCDJS : fomos? [2016-05-26 16:31:50] BTCDJS : good point [2016-05-26 16:32:44] mrp1nk : we need more ppl like lord ashdrake [2016-05-26 16:34:05] BTCDJS : mrp1nk: Are you really lord ashdrake? [2016-05-26 16:34:23] BTCDJS : ? [2016-05-26 16:34:26] mrp1nk : do i keep shorting uptrends? [2016-05-26 16:35:24] BTCDJS : he's one of those hey? [2016-05-26 16:37:25] mrp1nk : http://facesofrekt.austeritysucks.com/index.php?id=3 [2016-05-26 16:42:52] mrp1nk : or magnus, lol [2016-05-26 16:42:53] mrp1nk : http://facesofrekt.austeritysucks.com/index.php?id=33 [2016-05-26 16:44:31] elmorte : I really shouldn't laugh...it's bad juju [2016-05-26 16:45:43] BTCDJS : yeah getting REKT isn't fun. [2016-05-26 17:05:55] sleger : LISK, seriously ? [2016-05-26 17:09:06] mrp1nk : BTCDJS: we all get rekt once sooner or later - except sleger [2016-05-26 17:11:34] DamosK : How can I buy IPO for Twilio using LISK? [2016-05-26 17:11:39] BitMEX_Sam : Yes, seriously - volume has been significant and it takes us minimal effort to list a market. [2016-05-26 17:13:07] elmorte : mrp1nk: lol was wondering who'd be the first to make that joke....i mean factual statement [2016-05-26 17:14:02] Rune : should have added lisk at launch [2016-05-26 17:14:12] Rune : so much volume [2016-05-26 17:15:11] elmorte : They could've Yobit the whole damn thing too... [2016-05-26 17:15:45] Rune : lets not go that far [2016-05-26 17:15:45] DamosK : What's leverage? [2016-05-26 17:16:09] elmorte : Rune: :) Makes no difference to the exchange really [2016-05-26 17:16:34] mrp1nk : feels like a dippa is incoming [2016-05-26 17:16:52] elmorte : You only deposit and withdraw XBT [2016-05-26 17:17:07] sleger : its not even on margin in polo, there is no interest rate in the swap, doesnt seem very serious [2016-05-26 17:17:40] Rune : but when lisk was on yobit the price was extremely heavily manipulated [2016-05-26 17:17:49] Rune : beyond normal [2016-05-26 17:18:27] elmorte : Yeah, I ain't saying it's right..that was nonsense. Just that if they wanted volume, could've started a month ago [2016-05-26 17:18:36] Rune : you don't really want margain trading on that [2016-05-26 17:18:39] BitMEX_Greg : DamosK: It will start at 3.33x leverage, and we hope to improve when margin becomes available on Polo and as volumes pick up [2016-05-26 17:19:10] mrp1nk : yobit is ultra shaddy... wouldn't a satoshi on that exchange [2016-05-26 17:19:25] elmorte : Yup...like a glory hole [2016-05-26 17:19:25] mrp1nk : put [2016-05-26 17:19:46] Rune : I have 0.05btc on yobit to buy shit coins [2016-05-26 17:20:10] Rune : sometimes you can get lucky [2016-05-26 17:20:33] mrp1nk : why you don't use polo? [2016-05-26 17:20:49] Rune : I buy real shit coins [2016-05-26 17:20:57] Rune : like trump when it was added to yobit [2016-05-26 17:21:04] Rune : made a good amount [2016-05-26 17:21:36] Rune : polo only adds coins that have proven them selves [2016-05-26 17:21:43] Rune : and by then the price is already to high for me [2016-05-26 17:24:46] mrp1nk : wait, are you implying you're holding trumpcoin? [2016-05-26 17:24:58] Rune : no [2016-05-26 17:25:11] Rune : I bought them at 500 sat and sold at 8000 [2016-05-26 17:25:15] Rune : on yobit [2016-05-26 17:26:26] Rune : an example of why I buy shit coins on yobit because you can get in on the ground floor easy there [2016-05-26 17:26:36] Rune : polo adds things later if ever [2016-05-26 17:28:08] mrp1nk : nice, ok [2016-05-26 17:28:48] wurstgelee : hm. shouldnt lskxbt be available? [2016-05-26 17:29:08] DamosK : What can I buy with LISK? [2016-05-26 17:29:44] wurstgelee : https://blog.bitmex.com/trade-lisk-with-leverage-and-bitcoin/ [2016-05-26 17:29:46] wurstgelee : ? [2016-05-26 17:30:00] mrp1nk : its on testnet [2016-05-26 17:30:04] wurstgelee : lol wtf [2016-05-26 17:30:15] wurstgelee : thats not mentioned anywhere in the blogpost [2016-05-26 17:30:57] BitMEX_Sam : Our apologies, the launch date was listed in the email but not in the blog post [2016-05-26 17:31:05] flyas : @Bitmex very nice to see that you will be adding Lisk shortly! Keep it up. And on a sidenote: Im very fond of the GUI / interface! Very intuitive. [2016-05-26 17:31:09] BitMEX_Sam : I'll amend. It lists tomorrow at 12 UTC, in about 18.5 hours [2016-05-26 17:31:12] wurstgelee : https://twitter.com/BitMEXdotcom/status/735877589256929282 [2016-05-26 17:31:14] BitMEX_Sam : flyas: Thanks :) [2016-05-26 17:31:21] wurstgelee : that also sounds like it IS available [2016-05-26 17:31:57] wurstgelee : so both the blog and the last suggest its live [2016-05-26 17:32:07] wurstgelee : *last tweet [2016-05-26 17:32:13] BitMEX_Sam : You're right - just made the blog post more clear [2016-05-26 17:32:32] wurstgelee : mebbe do that as well with the tweet =) [2016-05-26 17:35:01] Rune : I hope lisk pumps so I can short the hell out of it [2016-05-26 17:41:47] sleger : same here, although i would wait a few months, until the hype is gone [2016-05-26 18:49:43] rapidtrades : the fuck is lisk [2016-05-26 18:49:48] rapidtrades : the f*ck [2016-05-26 18:49:56] rapidtrades : you will not silence me bitmex [2016-05-26 18:50:10] rapidtrades : unless u choose to actually silence me :) [2016-05-26 18:51:29] BitMEX_Sam : :o [2016-05-26 18:52:45] BTCDJS : rapidtrades: is a way to work on side chains or block chains using java script if I have it right. [2016-05-26 18:52:56] BTCDJS : Feel free to correct me anyone [2016-05-26 18:53:25] rapidtrades : so same shit different name [2016-05-26 18:53:55] BTCDJS : its the whole java script thing that sets it apart i think [2016-05-26 18:54:06] rapidtrades : sure sure [2016-05-26 18:54:13] BTCDJS : because its the most popular coding language [2016-05-26 18:54:41] rapidtrades : right right [2016-05-26 18:56:00] BTCDJS : yeah I have no idea really so... [2016-05-26 18:56:27] BTCDJS : probably just pump and dump lark [2016-05-26 18:57:21] rapidtrades : you'd think ppl would be more careful after bitcoin did f*Ck all to disrupt the financial system [2016-05-26 18:58:49] BTCDJS : well i bought LSK at 0.00056. and Im hoping it goes to 0.00269. After that Im not arsed. [2016-05-26 18:59:06] BTCDJS : only put 0.1btc on it [2016-05-26 18:59:39] BitMEX_Sam : JS in Lisk is a blessing and curse - it's very good to not have a brand-new programming language, but that also means you inherit a lot of the warts of JS [2016-05-26 18:59:47] BitMEX_Sam : Lua would have probably been a better / faster / more compact choice [2016-05-26 18:59:57] BitMEX_Sam : But in all honesty I haven't been keeping up with Lisk dev much [2016-05-26 19:00:07] rapidtrades : sure sure [2016-05-26 19:00:12] Rune : lisk is only gonna pump and dump [2016-05-26 19:00:28] Rune : after a long time it will be 1/40 the value of eth and just be eths litecoin [2016-05-26 19:00:46] BTCDJS : just using the hype to make money. Not really revolutionary if you ask me [2016-05-26 19:02:00] Rune : We can only hope lisk pumps to 0.0025+ before it hits bitmex [2016-05-26 19:02:10] Rune : so we can short the hell out of it [2016-05-26 19:02:33] BTCDJS : yeah that would be nice. Then ill short it on bitmex [2016-05-26 19:07:02] rapidtrades : sleger: do u trade options on futures or just stocks [2016-05-26 19:09:00] loba333 : Hi i want to switch my account so that i'm affiliated with http://bitmex.whalepool.io how can i do that ?