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<< >> English 中文 Русский 한국어 日本語 Español Français [2016-06-09 11:51:29] rapidtrades : Chinese banks will be closed in observance of the Dragon Boat Festival LOL [2016-06-09 11:51:51] rapidtrades : f*cking heathens [2016-06-09 11:56:13] rapidtrades : Think about it...in order for this to be a holiday, some Chinese 100s of years ago said: ''Guys let's celebrate the boat of the Dragon!'' [2016-06-09 11:56:55] rapidtrades : and then 100s of Chinese didn't say shut up you dummy, but instead were like '' That's a great idea!'' [2016-06-09 11:58:53] BTCDJS : rapidtrades: we do a lot of work for the council. Their financial year where they get funding to spend on projects runs from April to April but sometimes work doesn't come in till the end of this month [2016-06-09 11:59:23] rapidtrades : ah cool [2016-06-09 12:06:37] rapidtrades : brokers already starting to limit leverage and GBP pairs [2016-06-09 12:11:50] elmorte : BTCDJS: lol dude, difference between java and javascript is pedantic? [2016-06-09 12:12:39] ggwp : internet explorer user? [2016-06-09 12:12:56] BTCDJS : elmorte: nope not quite what I said. But thanks for taking part [2016-06-09 12:16:16] elmorte : Sure, we won't be pedantic about it [2016-06-09 12:19:40] BTCDJS : elmorte: do me a favour mate. Explain Lisk to me. [2016-06-09 12:23:50] elmorte : Hehe, I'm not pretending I care about the underlying technology [2016-06-09 12:24:35] BTCDJS : thats the answer I was hoping for. [2016-06-09 12:24:48] elmorte : But if I did, I'd say it's similar to Ethereum but instead of irreducible solidity, it uses JS - one of the most widespread languages [2016-06-09 12:25:14] elmorte : Which many developers already know therefore do not need to learn to develop apps on it [2016-06-09 12:25:26] elmorte : Irreducible = using [2016-06-09 12:26:08] elmorte : And as a language itself, JS is pretty easy you learn [2016-06-09 12:26:56] elmorte : I assume you read the Ethereum whitepaper? It's very insightful and easy to read [2016-06-09 12:27:29] elmorte : You can read the updated LISK whitepaper when it's released, in a few weeks [2016-06-09 12:28:32] elmorte : Even if you only care about bitcoin, Ethereum whitepaper is still a good read [2016-06-09 12:29:35] rapidtrades : i hhaven't read half of bitcoin's white paper [2016-06-09 12:29:45] rapidtrades : couldn't care less tbh [2016-06-09 12:30:16] ggwp : oh damn, you're so such a rebel [2016-06-09 12:30:31] ggwp : so unconformist [2016-06-09 12:32:12] ggwp : nonconformist [2016-06-09 12:32:16] ggwp : * [2016-06-09 12:32:17] elmorte : Only the first half is good anyway [2016-06-09 12:32:32] ggwp : lol [2016-06-09 12:32:38] ggwp : nope [2016-06-09 12:32:44] rapidtrades : elmorte: exactly [2016-06-09 12:33:12] BTCDJS : And that is exactly what I meant when I said, it's ethereum running on Java. But instead of running on Java I should've said uses Java. And since I don't really give a fuck about Lisk but am rather a fan of ethereum since it was the first, I don't see why using a different coding language is so amazing. But many people think so. And some of them are devs so I decided it's worth throwing some money at it. But I did not buy the ICO. And I do not code or develop. So with my limited knowledge attempted a conversation with people who do. And as a result my use of words got picked apart. [2016-06-09 12:34:18] elmorte : Then why so sensi? [2016-06-09 12:34:20] ggwp : JAVASCRIPT FFS [2016-06-09 12:34:27] ggwp : ;) [2016-06-09 12:34:56] BTCDJS : And I haven't read any white paper either. I would just fall asleep half way through. [2016-06-09 12:35:35] ggwp : it's really worth your time [2016-06-09 12:35:51] ggwp : especially if you care about money [2016-06-09 12:36:20] BTCDJS : elmorte: because you hit a fucking nerve when you put your two cents in long after it was done with. [2016-06-09 12:36:23] ggwp : smart money reads whitepapers [2016-06-09 12:36:40] BTCDJS : ggwp: please do me a favour mate [2016-06-09 12:36:46] elmorte : I can see lol [2016-06-09 12:37:47] ggwp : please do me a favor what? [2016-06-09 12:38:04] BTCDJS : ggwp: shut the f@ck up [2016-06-09 12:38:15] ggwp : hah [2016-06-09 12:38:18] BTCDJS : lol [2016-06-09 12:38:20] ggwp : good one [2016-06-09 12:38:33] ggwp : just trying to help you out [2016-06-09 12:53:23] ggwp : here we go boys [2016-06-09 12:54:16] ggwp : hope you scaled out a bit [2016-06-09 12:55:13] laisee : all this aggro is helping the ETH price. Keep it up ... [2016-06-09 12:55:30] Rasign : money money [2016-06-09 12:55:43] ggwp : more money in shorting btc [2016-06-09 12:56:38] ggwp : rapidrekt? [2016-06-09 12:56:43] ggwp : where iz u [2016-06-09 12:56:44] Rasign : ahha [2016-06-09 12:56:50] Rasign : you took my name [2016-06-09 12:56:55] ggwp : :D [2016-06-09 12:57:58] ggwp : low 40s high 30s [2016-06-09 12:58:11] BTCDJS : There's the last drop just as expected [2016-06-09 12:58:55] BTCDJS : Though I thought it would be lower 576.40 or something [2016-06-09 12:59:48] Rasign : come on etherum ! [2016-06-09 13:01:08] ggwp : "last drop" [2016-06-09 13:01:12] ggwp : bahahaha [2016-06-09 13:01:23] ggwp : dont get rekt [2016-06-09 13:01:45] ggwp : eth might not break that 15 dollar res [2016-06-09 13:02:00] ggwp : so I'd watch the USD pair closely [2016-06-09 13:02:08] ggwp : it might not be such a good long [2016-06-09 13:02:23] Rasign : i'm beting in eth/btc [2016-06-09 13:02:33] Rasign : so if btc down [2016-06-09 13:02:40] ggwp : yeah [2016-06-09 13:02:44] Rasign : it will go up eth [2016-06-09 13:02:45] ggwp : you'll profit [2016-06-09 13:02:48] Rasign : not his price [2016-06-09 13:02:57] ggwp : but ethusd is more important [2016-06-09 13:03:25] Rasign : for what ? [2016-06-09 13:03:47] elmorte : Spot, I've been trading ethusd exclusively [2016-06-09 13:03:57] ggwp : it's been hovering around 15 for a while now [2016-06-09 13:04:04] elmorte : But that's coz we don't have that pair here.... [2016-06-09 13:04:18] Rasign : ggwp: eth will crash [2016-06-09 13:04:26] Rasign : but not this month i think [2016-06-09 13:04:31] ggwp : if it break that res we're gonna fly [2016-06-09 13:04:39] ggwp : if not we're gonna crash [2016-06-09 13:04:43] elmorte : And go back up...And crash again...And rise again [2016-06-09 13:04:51] ggwp : I'm still waiting for my cheap eth [2016-06-09 13:05:03] ggwp : hoping lisk hype will kill it a nit [2016-06-09 13:05:05] ggwp : bit [2016-06-09 13:05:26] Rasign : if eth crash lisk will go up that right ? [2016-06-09 13:05:31] ggwp : yeah [2016-06-09 13:05:34] Rasign : ok [2016-06-09 13:05:43] elmorte : I still have a bunch of buy orders at 7-8$ [2016-06-09 13:05:49] elmorte : One can hope... [2016-06-09 13:05:57] ggwp : word [2016-06-09 13:06:20] ggwp : bubble has to pop finally.. [2016-06-09 13:06:38] ggwp : china not even bouncing [2016-06-09 13:06:45] ggwp : sad shit [2016-06-09 13:06:52] ggwp : ;_; [2016-06-09 13:12:25] Rasign : boom [2016-06-09 13:12:29] rapidtrades : how is it a bubble? we barely gone up past 10 days [2016-06-09 13:13:21] ScottJ : trendline broken [2016-06-09 13:13:27] ScottJ : going way down [2016-06-09 13:13:40] ScottJ : thanks for that buy wall at 578, very useful! [2016-06-09 13:13:45] Rasign : ggwp: wp dude [2016-06-09 13:13:55] rapidtrades : f*ck u ppl are retarded [2016-06-09 13:13:56] Rasign : we called it [2016-06-09 13:14:11] rapidtrades : u called what? a $5 drop? lol [2016-06-09 13:14:15] ggwp : if you were paying attention I was talking about eth @rapidtrades4 [2016-06-09 13:14:17] Rasign : nop [2016-06-09 13:14:20] Rasign : is not over [2016-06-09 13:14:24] ggwp : this is a 50 drop [2016-06-09 13:14:27] Rasign : he's starting [2016-06-09 13:14:31] rapidtrades : that's like me saying i called the $20 rally from the lows 2 days ago [2016-06-09 13:14:35] ggwp : thanks rasign [2016-06-09 13:14:51] ggwp : rapidtrades: you called 600 and got rekt [2016-06-09 13:14:54] rapidtrades : let me introduce a new word to ur vocabulary plebs: noise [2016-06-09 13:14:58] ggwp : that's all I can recall [2016-06-09 13:15:13] rapidtrades : ggwp: it hit 600 u dummy [2016-06-09 13:15:15] ggwp : teach us more oh gracious patrician [2016-06-09 13:15:33] ggwp : I was talking about spot obv [2016-06-09 13:15:56] ggwp : not last price [2016-06-09 13:16:14] rapidtrades : obviously ex post facto [2016-06-09 13:16:21] rapidtrades : u weasel [2016-06-09 13:16:24] ggwp : I do sincerely hope you didn't long the top [2016-06-09 13:17:01] ggwp : okc premium turning into discount xD [2016-06-09 13:17:38] rapidtrades : don't lie [2016-06-09 13:17:49] ggwp : slowly but surely [2016-06-09 13:18:10] rapidtrades : yeah cos it expires in 18hs u dummy [2016-06-09 13:18:17] rapidtrades : 2 week is +3$ [2016-06-09 13:18:28] ggwp : well [2016-06-09 13:18:47] ggwp : new quarts [2016-06-09 13:18:52] ggwp : I did say that earlier [2016-06-09 13:18:58] ggwp : so go get rekt [2016-06-09 13:26:23] BTCDJS : no no no no no. I need it to drop a bit more so I can buy in. [2016-06-09 13:26:59] rapidtrades : ggwp: GUYS I CALLED IT [2016-06-09 13:27:22] rapidtrades : we're up $3 see CALLED IT [2016-06-09 13:27:32] rapidtrades : man we're so great @BTCDJS [2016-06-09 13:27:38] rapidtrades : we called this shit [2016-06-09 13:27:52] BTCDJS : rapidtrades: cos we know what we are doing [2016-06-09 13:28:03] rapidtrades : exactly [2016-06-09 13:28:47] ggwp : you seem bitter [2016-06-09 13:28:54] ggwp : @rapidtrades [2016-06-09 13:33:00] sam : china is on holiday ggwp [2016-06-09 13:33:48] sam : thurs - sunday [2016-06-09 13:35:20] ggwp : yes, dragon boat festival iirc [2016-06-09 13:50:04] BTCDJS : ggwp: you wanted some old music yesterday. This is a good one.https://youtu.be/mhZ2X9znPxM [2016-06-09 13:50:17] BTCDJS : rapidtrades: you will enjoy this one too [2016-06-09 13:50:50] Rasign : lol [2016-06-09 13:51:29] BTCDJS : http://www.tradingview.com/x/kSr1qiip [2016-06-09 13:52:38] ggwp : :D and I have this one for you guys https://www.youtube.com/watch?v=3W0iA_1RB9Y [2016-06-09 13:53:13] ggwp : that's where we're headed btw [2016-06-09 13:54:04] Rasign : this is more for rapidrekt [2016-06-09 13:54:04] Rasign : https://www.youtube.com/watch?v=PObxnt7boys [2016-06-09 13:54:45] ggwp : new lows!? who would have thought!? [2016-06-09 13:54:55] ggwp : this is krazy!? [2016-06-09 13:55:01] ggwp : wtf guise [2016-06-09 13:55:26] ggwp : @Rasign hehehe [2016-06-09 13:57:15] rentchev : ggwp: we still haven't broken the low from Sunday [2016-06-09 13:57:25] rentchev : we need to break that to get things going [2016-06-09 13:57:29] ggwp : be patient ffs :D [2016-06-09 13:57:33] rentchev : I am [2016-06-09 13:57:43] ggwp : 540s are almost a given [2016-06-09 13:57:49] rentchev : it's painful to watch my position :-) [2016-06-09 13:58:00] ggwp : did you flip!? [2016-06-09 13:58:02] rentchev : Up good amount now tough [2016-06-09 13:58:06] rentchev : no [2016-06-09 13:58:06] ggwp : oh [2016-06-09 13:58:10] ggwp : good :D [2016-06-09 13:58:14] rentchev : entered again at 584 [2016-06-09 13:58:22] ggwp : nice [2016-06-09 13:58:24] rentchev : could have entered 589 [2016-06-09 13:59:05] ggwp : stil a good entry [2016-06-09 14:00:49] REKT : Liquidated long on `XBTUSD`: Sell 56407 @ 573.28 **EPIC REKT** :unamused: :confounded: :astonished: [2016-06-09 14:00:54] Rasign : i think rapidrekt fail his cool to 3 dollar up [2016-06-09 14:01:04] ggwp : 800 broke [2016-06-09 14:01:11] Rasign : Rapidrekt position ? [2016-06-09 14:01:16] ggwp : liquidations are gonna stark [2016-06-09 14:01:17] rentchev : China falling fast this time [2016-06-09 14:01:35] ggwp : nah he has an sl @ 500 xD [2016-06-09 14:01:37] ayy_lmao : ;) [2016-06-09 14:01:55] laisee : fun times in funny markets [2016-06-09 14:02:10] ggwp : oil taking a beating as well [2016-06-09 14:02:18] BTCDJS : ooooohhhhh [2016-06-09 14:02:32] BTCDJS : hope I don't get REKT [2016-06-09 14:02:41] ggwp : I hope so too [2016-06-09 14:02:41] REKT : Liquidated long on `XBTUSD`: Sell 3000 @ 572.24 [2016-06-09 14:02:51] REKT : Liquidated short on `ETHXBT`: Buy 300 @ 0.02534 [2016-06-09 14:03:28] ggwp : some sexy profit [2016-06-09 14:03:30] BTCDJS : 567 is support [2016-06-09 14:03:36] Rasign : ggwp: they flamed us like 5 min ago, its us turn ? [2016-06-09 14:03:49] ggwp : there ain't no support xD [2016-06-09 14:04:04] ggwp : yeah, imma go get muh flamethrower [2016-06-09 14:04:20] laisee : @rektbitmex is busy [2016-06-09 14:04:51] ggwp : very sexy [2016-06-09 14:05:12] ggwp : taking some profit in the 560s [2016-06-09 14:06:13] BTCDJS : oh jesus. prays to god. lol [2016-06-09 14:06:31] ggwp : not like I didn't tell you man [2016-06-09 14:06:53] BTCDJS : ggwp: you're lucky china is out of commission [2016-06-09 14:07:12] Rasign : BTCDJS: looser always said luck [2016-06-09 14:07:40] ggwp : no support at 570 [2016-06-09 14:08:28] BTCDJS : ggwp: well played [2016-06-09 14:08:35] ggwp : thanks [2016-06-09 14:09:17] ggwp : imma close laptop and go work out now [2016-06-09 14:09:22] ggwp : cya l8r [2016-06-09 14:10:06] BTCDJS : ggwp: this could still turn around. Thats was a big drop though [2016-06-09 14:10:24] ggwp : sorry, no chance imo [2016-06-09 14:10:38] ggwp : it'll turn after 530-40 [2016-06-09 14:10:49] ggwp : if this halving pump is even a thing [2016-06-09 14:11:25] rentchev : closed at 572 [2016-06-09 14:11:42] ggwp : #weakhands ;) [2016-06-09 14:12:00] BTCDJS : ggwp: its turning around now mate. [2016-06-09 14:12:06] ggwp : but profit is profit [2016-06-09 14:12:14] ggwp : BTCDJS: get rid of the hopium [2016-06-09 14:12:16] BTCDJS : this was the correction before the next bull run [2016-06-09 14:12:33] BTCDJS : I'm watching it happen right now [2016-06-09 14:12:42] ggwp : correction: yes, was: no [2016-06-09 14:12:45] ggwp : yes [2016-06-09 14:12:56] ggwp : *is [2016-06-09 14:13:13] BTCDJS : stop being pedantic [2016-06-09 14:13:29] ggwp : being pedantic has done quite well for me [2016-06-09 14:13:32] BTCDJS : I speak english deliciously [2016-06-09 14:13:50] ggwp : besides I wasn't even talking about your english [2016-06-09 14:14:02] ggwp : I was saying that this is a correction [2016-06-09 14:14:14] ggwp : but it's not over [2016-06-09 14:14:24] ggwp : happy trades [2016-06-09 14:17:13] ggwp : one last thing, if I were in a long from above 3835, I'd consider taking a loss/breaking even and going short there [2016-06-09 14:22:29] BTCDJS : ggwp: don't get too cocky mate. 0kcoin is buying. with good volume. Bitstamp never even dropped this was a decent drop. but we aint going lower [2016-06-09 14:23:35] sleger : bitstamp .... lol [2016-06-09 14:23:59] BTCDJS : sleger: bitstamp is part of Bitmex index [2016-06-09 14:24:04] BTCDJS : so it counts [2016-06-09 14:24:07] rapidtrades : BTCDJS: we're right again! look we went up $2 [2016-06-09 14:24:34] rapidtrades : let me get on my soapbox and tell you what will happen next! @ggwp [2016-06-09 14:25:05] BTCDJS : rapidtrades: yeah it was touch and go for a bit. I knew there would be a drop but I wasn't expecting that [2016-06-09 14:25:16] BTCDJS : rapidtrades: lol [2016-06-09 14:25:45] laisee : rapidtrades: you tell these new kids whats what ... [2016-06-09 14:30:27] rapidtrades : laisee: :) [2016-06-09 14:36:51] sq : looks realy heavy here.. [2016-06-09 14:38:21] rapidtrades : no it doesn't [2016-06-09 14:38:54] rapidtrades : light as a feather m8 [2016-06-09 14:41:52] fww : Any good site to watch Chinese markets? [2016-06-09 14:42:45] rapidtrades : it's fun to watch bloomberg do TA [2016-06-09 14:42:59] rapidtrades : few years ago they rolled out MAs now they're doing trendlines [2016-06-09 14:43:15] rapidtrades : only 20 yrs late to the party lol [2016-06-09 14:45:51] j8 : seeing bloomberg do TA on bitcoin was surreal [2016-06-09 14:55:14] fww : thx [2016-06-09 15:19:05] rapidtrades : Euro getting destroyed today, as it should [2016-06-09 15:19:21] rapidtrades : f*cking shitcoin [2016-06-09 15:20:04] rapidtrades : j8: our boy Matt is in Brussels today [2016-06-09 15:20:14] j8 : matt who? [2016-06-09 15:20:23] rapidtrades : Matt Miller [2016-06-09 15:20:28] j8 : ah [2016-06-09 15:29:35] ggwp : this is a short from here [2016-06-09 15:29:42] ggwp : free money (tm) [2016-06-09 15:30:05] rapidtrades : k [2016-06-09 15:31:28] BTCDJS : sure [2016-06-09 15:31:40] ggwp : wont get past 835 [2016-06-09 15:31:57] BTCDJS : huh? you bullish now? [2016-06-09 15:32:05] ggwp : 3835 [2016-06-09 15:32:32] ggwp : not bullish until we get a solid retrace [2016-06-09 15:33:00] BTCDJS : ggwp: must admit 1D MACD indicates a move down [2016-06-09 15:33:08] ggwp : could even go 490 [2016-06-09 15:33:21] ggwp : doubtful tho [2016-06-09 15:35:04] j8 : still pretty far above the weekly bbands. that doesn't usually last so long [2016-06-09 15:36:14] rapidtrades : j8: yeah that's called an uptrend [2016-06-09 15:36:27] arbitrage001 : crash to 350 [2016-06-09 15:36:31] arbitrage001 : or 150 [2016-06-09 15:36:35] rapidtrades : 0 [2016-06-09 15:36:37] rapidtrades : 0.1 [2016-06-09 15:36:41] BTCDJS : arbitrage001: ha ha ha [2016-06-09 15:36:42] rapidtrades : called it here first [2016-06-09 15:36:51] arbitrage001 : 0.01 [2016-06-09 15:36:57] rapidtrades : damit [2016-06-09 15:37:10] rapidtrades : 0.001 on btc-e [2016-06-09 15:37:14] rapidtrades : suck on that b1tch [2016-06-09 15:37:26] BTCDJS : 1D bollinger band indicates uptrend too [2016-06-09 15:37:43] rapidtrades : what's a 1D BBand? [2016-06-09 15:37:47] rapidtrades : u mean daily chart? [2016-06-09 15:37:59] ggwp : 1 direction? [2016-06-09 15:38:03] BTCDJS : rapidtrades: the bband on 1 day chart [2016-06-09 15:38:04] ggwp : DOWN [2016-06-09 15:38:11] arbitrage001 : technical mumbo jumbo [2016-06-09 15:38:22] rapidtrades : BTCDJS: that's called a daily chart [2016-06-09 15:38:28] ggwp : 1 Direction is going down [2016-06-09 15:38:29] rapidtrades : not 1D [2016-06-09 15:38:34] arbitrage001 : all i know is law of gravity [2016-06-09 15:38:40] arbitrage001 : what goes up, must come down [2016-06-09 15:38:55] BTCDJS : rapidtrades: potato potaato [2016-06-09 15:38:57] rapidtrades : 1 Day Bolling band implies the indicator value [2016-06-09 15:39:00] rapidtrades : NO [2016-06-09 15:39:11] ggwp : rapid you pro [2016-06-09 15:39:14] ggwp : tell him [2016-06-09 15:39:16] BTCDJS : oh [2016-06-09 15:39:23] arbitrage001 : what object doesn't obey law of gravity? [2016-06-09 15:39:30] ggwp : your mom [2016-06-09 15:39:36] ggwp : xDDD [2016-06-09 15:39:42] rapidtrades : arbitrage001: incinerated jew? [2016-06-09 15:40:03] rapidtrades : ok that was a bit much [2016-06-09 15:40:28] rapidtrades : although its true [2016-06-09 15:40:55] arbitrage001 : what is bitcoin intrinsic value [2016-06-09 15:41:05] rapidtrades : 577 [2016-06-09 15:41:14] ggwp : 42 [2016-06-09 15:41:25] rapidtrades : and not a penny less! [2016-06-09 15:41:54] BTCDJS : ggwp: no thats the answer to the meaning of life the universe and everything in it [2016-06-09 15:42:14] ggwp : bitcoin is the meaning of life [2016-06-09 15:42:36] BTCDJS : deep [2016-06-09 15:43:13] ggwp : just like where we're headed [2016-06-09 15:44:07] ggwp : cant even break 30 lel [2016-06-09 15:44:13] j8 : rapidtrades: bitcoin hasn't spent 3 weeks outside the weekly bands since 2013, so yeah maybe something big is happening, but also a pullback wouldn't be surprising [2016-06-09 15:45:23] ggwp : here we go again [2016-06-09 15:45:25] sleger : a total meltdown as well [2016-06-09 15:45:37] arbitrage001 : please melt! [2016-06-09 15:45:48] BTCDJS : j8: you think 650 is possible? [2016-06-09 15:46:01] j8 : anything is possible. what timeframe [2016-06-09 15:46:08] sleger : whoever would say no is an idiot [2016-06-09 15:46:11] arbitrage001 : BTCDJS: even 1200 is possbile [2016-06-09 15:46:17] arbitrage001 : but is it likely? [2016-06-09 15:46:18] ggwp : 10k is possible [2016-06-09 15:46:20] sleger : 9billion is possible [2016-06-09 15:46:25] BTCDJS : j8: next few days [2016-06-09 15:46:25] sleger : but wont happen [2016-06-09 15:46:35] j8 : not likely [2016-06-09 15:46:37] ggwp : 10k is feasable [2016-06-09 15:46:52] lockhedge : trollbox indicator says: volatility gets lower, bored traders, nothing is happening [2016-06-09 15:46:56] sleger : in next few days ? @ggwp [2016-06-09 15:47:06] ggwp : tonight [2016-06-09 15:47:17] justinlooking : how short are ya slege/ [2016-06-09 15:47:18] ggwp : granny yellen [2016-06-09 15:47:19] justinlooking : *? [2016-06-09 15:47:21] sleger : rapid would like it [2016-06-09 15:47:31] sleger : a bit, around 100-150btc [2016-06-09 15:47:34] ggwp : is gonna buy buy buy [2016-06-09 15:48:02] ggwp : what happened to the 200? [2016-06-09 15:48:21] sleger : i reduced yesterday with that 1k market buy on finexc [2016-06-09 15:48:33] ggwp : ah [2016-06-09 15:48:45] ggwp : I added then [2016-06-09 15:48:52] ggwp : ;) [2016-06-09 15:49:13] sleger : i covered everything and reentered an hour later but smaller [2016-06-09 15:49:35] ggwp : playing it safe :D [2016-06-09 15:56:02] ggwp : last call to flip it toplongers ;) [2016-06-09 15:57:15] BTCDJS : ggwp: ok Im flipping. [2016-06-09 16:00:19] ggwp : not gonna try to convince any more [2016-06-09 16:00:38] BTCDJS : rapidtrades: sorry mate. Im defecting [2016-06-09 16:00:49] BTCDJS : ggwp: stop being a wise guy [2016-06-09 16:01:43] ggwp : hehe [2016-06-09 16:01:47] BTCDJS : 1d chart says down to me. [2016-06-09 16:01:49] sq : lol [2016-06-09 16:01:53] ggwp : but I am [2016-06-09 16:01:57] sq : yeah quite a bearish chart imho [2016-06-09 16:02:15] j8 : next 24 hours are prime fakeout chopzone. [2016-06-09 16:02:28] arbitrage001 : let's all jump on the bear badnwagon [2016-06-09 16:02:35] arbitrage001 : bandwaagon [2016-06-09 16:03:51] ggwp : no chop chop imo [2016-06-09 16:07:04] BTCDJS : DAO and LSK are itching to move. I think BTC pump is on hold for a bit. [2016-06-09 16:07:38] ggwp : +1 [2016-06-09 16:08:11] BTCDJS : at least Ill make some profit on liskin the meantime [2016-06-09 16:08:25] BTCDJS : and Ill short BTC [2016-06-09 16:09:16] Rasign : BTCDJS: ahaha you change your mind ? [2016-06-09 16:09:27] BTCDJS : Rasign: yes did you miss the memo? [2016-06-09 16:09:40] BTCDJS : I change when market changes [2016-06-09 16:09:50] Rasign : 1hours ago : you said we long and we know exacly what we are doing [2016-06-09 16:10:04] Rasign : i want to say [2016-06-09 16:10:13] BTCDJS : Rasign: do me a favour please mate [2016-06-09 16:10:26] Rasign : you are a sheep [2016-06-09 16:10:50] Rasign : rename :"BTC sheep" [2016-06-09 16:11:11] BTCDJS : Rasign: would you please do me a favour mate [2016-06-09 16:11:17] Rasign : yes ? [2016-06-09 16:11:23] Mr Blue : lol looks like its going back 580 to me, but what do I know ;-) [2016-06-09 16:11:26] BTCDJS : shut the f*ck up [2016-06-09 16:11:35] Rasign : oh dude [2016-06-09 16:11:40] Rasign : that agressive [2016-06-09 16:12:07] BTCDJS : two in one day lol [2016-06-09 16:13:18] Rasign : Are you sure this time what you are doing ? [2016-06-09 16:13:33] Rasign : do you change your draw ? [2016-06-09 16:13:45] Rasign : he was looking very nice [2016-06-09 16:14:02] BTCDJS : Rasign: we are going up to 580s then down. [2016-06-09 16:14:27] ggwp : this is the short entry [2016-06-09 16:14:34] ggwp : no 580s sorry [2016-06-09 16:14:44] BTCDJS : Rasign: I look at charts mate. And I change when the time is right [2016-06-09 16:14:54] Rasign : BTCDJS: you change too late [2016-06-09 16:14:58] Rasign : you lost money [2016-06-09 16:15:02] ggwp : as I said: 3850 [2016-06-09 16:15:10] ggwp : *3835 [2016-06-09 16:15:41] BTCDJS : Rasign: you are correct. A gold star for you. [2016-06-09 16:15:50] Rasign : thx m8 [2016-06-09 16:15:58] fww : ggwp: what 3835 means? [2016-06-09 16:15:59] BTCDJS : My ego doesn't stand in my way. Im am flexible [2016-06-09 16:16:08] Rasign : like your position :D [2016-06-09 16:16:09] ggwp : fww: yuan [2016-06-09 16:16:25] fww : thanks :) [2016-06-09 16:18:08] Rasign : BTCDJS: anyway if you want some coaching ask me :) i will help you next time [2016-06-09 16:18:54] BTCDJS : Rasign: lol You mischievous little devil. I bet you're fun to go out on the drink with [2016-06-09 16:19:31] Rasign : BTCDJS: thx m8 [2016-06-09 16:19:41] BTCDJS : Rasign: where do you live? [2016-06-09 16:19:45] Rasign : France [2016-06-09 16:19:54] BTCDJS : Rasign: oh yeah [2016-06-09 16:20:03] Rasign : and you ? [2016-06-09 16:20:52] BTCDJS : uk [2016-06-09 16:21:59] Mr Blue : BTCDJS: you make Bitcoin music? I think Bitcoin baron is okay. [2016-06-09 16:22:17] BTCDJS : huh [2016-06-09 16:22:51] ggwp : he's asking if you're a BTC DJ [2016-06-09 16:23:01] Mr Blue : lol yep [2016-06-09 16:23:26] BTCDJS : Ha Ha [2016-06-09 16:24:36] Rasign : BTCDJS: oh nice, i go to UK this summer [2016-06-09 16:24:48] BTCDJS : where about? [2016-06-09 16:24:57] Rasign : maybe we could take a beer together ahahaha [2016-06-09 16:25:26] Rasign : i go to oxford improve my shitty english [2016-06-09 16:26:23] ggwp : just don't become an Oxfraud [2016-06-09 16:26:54] BTCDJS : sure if you're coming to the north east. [2016-06-09 16:27:09] BTCDJS : gotta go. having dinner at in laws [2016-06-09 16:27:32] Rasign : ggwp: ^^ [2016-06-09 16:27:49] ggwp : BTCDJS: good luck :D [2016-06-09 17:26:13] sq : wow the volume is pretty low today w china on holiday [2016-06-09 17:26:21] sq : i tot us hours might pick up [2016-06-09 17:30:58] sleger : why did you tot ? [2016-06-09 17:31:50] yerb : can someone explain funding fee [2016-06-09 17:31:50] sq : expected a larger US trading presence than this [2016-06-09 17:32:08] yerb : why do we have funding fee when we trade among eachother [2016-06-09 17:32:49] yerb : its not like there is a swap market here [2016-06-09 17:33:00] ggwp : why does bitmex even still carry a50? [2016-06-09 17:33:20] ggwp : that's my question [2016-06-09 17:34:03] ggwp : and why doesn't bitmex advertise itself more? [2016-06-09 17:34:37] sleger : funding fee goes to the other trader not the exchange [2016-06-09 17:35:13] yerb : but why, i dont like this fee structure, what is the purpose? [2016-06-09 17:35:27] sleger : replicate margin trading [2016-06-09 17:36:02] sleger : if you dont like it dont put a ring on it [2016-06-09 17:36:31] aethlios : yerb: because the swap never settles, the short side needs a reason to let the long people use 20 leverage. [2016-06-09 17:37:08] yerb : hmm, but short side uses leverage too, doesnt that equals it out? [2016-06-09 17:37:36] yerb : *equalize [2016-06-09 17:38:12] aethlios : yerb: dollar depreciates rapidly against btc. why someone to be short in btc??? If the long don't compensate him he kas no reason. [2016-06-09 17:38:18] sleger : look at bitfinex, doesnt cost the same to short or long [2016-06-09 17:38:31] sleger : aethlios: no that's not the reason [2016-06-09 17:39:14] yerb : yeah and there is no funding providers, like finex [2016-06-09 17:39:27] sleger : yes, the shorts [2016-06-09 17:39:33] yerb : i guess i dont get it [2016-06-09 17:39:36] aethlios : sleger: it's the same like holding rubles. or old drachma. if a currency depreciates 20% per year and you collect zero interest, then noone would hold it. [2016-06-09 17:39:50] sleger : no [2016-06-09 17:40:10] yerb : but we dont hold fiat here, we hold only BTC [2016-06-09 17:40:18] ggwp : aethelios are you trolling perhaps? [2016-06-09 17:40:19] j8 : USD lending rates are higher than BTC lending rates, futures are higher than spot. in order for the swap to track the spot price longs need to pay [2016-06-09 17:40:24] yerb : it makes no sense to me [2016-06-09 17:40:33] ggwp : just read the faq [2016-06-09 17:40:55] aethlios : yerb: what did you have before holding btc?? maybe usd?? then you are short usd and long btc. [2016-06-09 17:41:09] yerb : yeah [2016-06-09 17:41:24] yerb : but what does that have to do with bitmex [2016-06-09 17:41:35] aethlios : yerb: why you did the exchange from usd to btc?? [2016-06-09 17:41:35] lockhedge : yerb: if you short XBTUSD at 1x you have synthetic USD and earn interest [2016-06-09 17:41:46] QuantFocus : Hey guys, any admin around? [2016-06-09 17:41:51] ggwp : lol aethlios [2016-06-09 17:43:40] aethlios : yerb: you did that because you expect btc to appreciate. If I go against you and short btc, basically I sell btc and hold usd, in order to do that I want an interest for the expected depreciation of usd against btc. [2016-06-09 17:44:29] yerb : but, wtf, there is on USD here [2016-06-09 17:44:31] sleger : no still wrong reason [2016-06-09 17:44:43] sleger : lockhedge explained you as well as j8 [2016-06-09 17:44:47] ggwp : aethlios is doing some advanced trolling [2016-06-09 17:44:57] sleger : no he just doesnt understand [2016-06-09 17:45:05] yerb : uwe are just speculationg on the movement o the price, only BTC changes hands thats all [2016-06-09 17:45:32] ggwp : btc only changes hands at settlement/rebalance [2016-06-09 17:45:52] yerb : there is no USD [2016-06-09 17:46:12] ggwp : what do we trade against then? [2016-06-09 17:46:18] ggwp : btcusd [2016-06-09 17:46:25] elmorte : There's a bband called 1D? [2016-06-09 17:46:31] aethlios : yerb: lol, it's a pair, like eur/usd [2016-06-09 17:46:33] yerb : against each other positioms [2016-06-09 17:46:34] ggwp : the contracts are valued at 1 usd [2016-06-09 17:46:42] ggwp : each [2016-06-09 17:46:56] ggwp : ok, what are you asking again? [2016-06-09 17:48:09] ggwp : https://www.bitmex.com/app/faq [2016-06-09 17:48:13] ggwp : just read all this [2016-06-09 17:48:47] ggwp : https://www.bitmex.com/app/fees [2016-06-09 17:48:53] ggwp : or just this [2016-06-09 17:49:02] QuantFocus : I think what @yerb is getting at is that there is no physical USD held on the exchange. [2016-06-09 17:49:11] QuantFocus : Which is fine, as it is a synthetic USD position... [2016-06-09 17:49:29] ggwp : yeah [2016-06-09 17:50:25] j8 : yerb: if you could long bitcoin with no expiry with zero interest, it would be a better deal for longs than any other bitcoin market. so everyone would do it and there would be a big premium and no reason for it to decrease. but the point is for it to trade like spot, that includes funding costs [2016-06-09 17:50:56] sleger : yes but there is no usd here only bitcoins [2016-06-09 17:51:02] sleger : (just trolling as well) [2016-06-09 17:51:02] elmorte : j8: cheers. [2016-06-09 17:51:22] ggwp : j8: more or less yep [2016-06-09 17:51:57] elmorte : Does that mean that in a falling market, funding fees would reverse? [2016-06-09 17:52:35] elmorte : Can't really wrap my head around it [2016-06-09 17:52:36] j8 : yes, but it's been a long time since we've seen btc lending rates higher than usd other than the odd spike maybe [2016-06-09 17:52:41] yerb : lets say i dont want to collect fee, so the guy on the other side doesn't need to pay, wouldn't the market work the same in this case [2016-06-09 17:53:02] ggwp : no option like that? [2016-06-09 17:53:32] j8 : why wouldn't you want to collect fees [2016-06-09 17:53:51] yerb : cuz the next day when i long i dont wanna pay [2016-06-09 17:54:00] ggwp : anyone here trade on coinut before? [2016-06-09 17:54:07] j8 : elmorte: the negative situation happens on ETHUSD sometimes [2016-06-09 17:54:20] j8 : i mean ETHXBT [2016-06-09 17:54:29] ggwp : the bitcoin options platform [2016-06-09 17:54:45] elmorte : j8: ah, right. [2016-06-09 17:55:23] elmorte : Yes, I went thru all the available contracts here few hoots ago, ethxbt had longs collecting [2016-06-09 17:55:39] ggwp : Funding fees change based on market lending rates. [2016-06-09 17:55:50] ggwp : just read the fees part [2016-06-09 17:56:19] elmorte : I know how they're calculated, just wanted to figure out the logic behind it [2016-06-09 17:56:27] elmorte : Or the principle [2016-06-09 17:56:42] ggwp : basically what j8 said [2016-06-09 17:56:53] elmorte : You know, man...fish...eat [2016-06-09 18:36:48] rmateo : Hi [2016-06-09 18:39:52] ggwp : hey [2016-06-09 18:40:09] rmateo : where you from? [2016-06-09 18:41:38] ggwp : Poland, how about you? [2016-06-09 18:42:20] rmateo : Chile