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<< >> English 中文 Русский 한국어 日本語 Español Français [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 [2016-06-09 18:42:39] ggwp : interesting, how is the situation there? [2016-06-09 18:42:44] rmateo : Nice country is Poland [2016-06-09 18:43:15] ggwp : yes; quite nice [2016-06-09 18:43:42] BitMEX_Sam : :+1: Poland rocks [2016-06-09 18:44:05] rmateo : somebody from Latinoamerica here? [2016-06-09 18:44:11] ggwp : :D, have you lived here? [2016-06-09 18:44:23] Niatro : yes we are 2 from there [2016-06-09 18:44:42] ggwp : @BitMEX_Sam or just toured it? [2016-06-09 18:44:56] BitMEX_Sam : My wife is Polish and we go every year or two [2016-06-09 18:45:10] rmateo : No...i visited poland last year [2016-06-09 18:46:42] ggwp : very nice! I assume she's showed you around the country pretty well [2016-06-09 18:47:15] BitMEX_Sam : Yep. Love it, lots to see and the roads are getting less murderous every year [2016-06-09 18:48:17] Niatro : eeyy Sam, planing some new webminar? [2016-06-09 18:49:05] BTCDJS : Well that's an interesting turn of events [2016-06-09 18:50:03] ggwp : haha yeah... we're working on that - slowly but surely. But now with the ugly situation with the EU progress might slow a bit. [2016-06-09 18:50:19] BTCDJS : ggwp: you are our team leader. The meanest bear in the gaff. Care to explain what's happening here chief? [2016-06-09 18:50:19] QuantFocus : BitMEX_Sam: Hi Sam! Was wondering if there is a preferred method to contact you all about working with BitMEX? [2016-06-09 18:50:54] BitMEX_Sam : QuantFocus: Via email is the best way, info@bitmex.com will reach all of us. [2016-06-09 18:51:07] BitMEX_Sam : Niatro: Not yet, although one is certainly due for the Swaps. [2016-06-09 18:51:11] ggwp : BTCDJS: bots pushing up the price before the next dump I suppose [2016-06-09 18:51:22] ggwp : nothing to worry about imo [2016-06-09 18:51:49] QuantFocus : @BitMEX_Sam: All right, great! Thanks ahead, I'll shoot an email out shortly. [2016-06-09 18:52:04] BTCDJS : ggwp: ok cos you have a reputation to keep. [2016-06-09 18:52:16] BitMEX_Sam : QuantFocus: :+1: [2016-06-09 18:52:16] Niatro : waiting for swaps, some calculations I just can not understand deeply [2016-06-09 18:52:37] ggwp : BTCDJS: hehe, yeah - just realised that. [2016-06-09 18:52:59] ggwp : but I have vested interested so no need to worry [2016-06-09 18:53:05] ggwp : *interest [2016-06-09 18:53:07] BTCDJS : ggwp: yup it's all on you. [2016-06-09 18:53:10] BTCDJS : lol [2016-06-09 18:53:23] BTCDJS : nah it's happening as I said anyway [2016-06-09 18:53:45] ggwp : hm? [2016-06-09 18:54:45] BTCDJS : ggwp: don't hm me. You know what I said. We hit 580s first. [2016-06-09 18:55:17] ggwp : haha, but you actually shorted where I said or were you pulling my leg? [2016-06-09 18:56:11] BTCDJS : I'm shorting from 580s [2016-06-09 18:56:31] BTCDJS : I'm not stupid [2016-06-09 18:57:15] BTCDJS : 15m chart was bullish. But 1d chart is def not looking too bullish [2016-06-09 18:57:30] ggwp : I doubt you'll get 580s [2016-06-09 18:57:49] BTCDJS : 581 just happened [2016-06-09 18:58:01] ggwp : here, yeah [2016-06-09 18:58:05] ggwp : not on spot [2016-06-09 18:58:17] BTCDJS : ggwp: I'm talking about here [2016-06-09 18:58:24] ggwp : kk [2016-06-09 18:58:26] BTCDJS : im trading here [2016-06-09 20:53:38] wingman : short BTC now and make money [2016-06-09 20:53:43] wingman : doom is coming [2016-06-09 20:56:12] Rasign : Sheeps are wake up, we called it since 19990 [2016-06-09 20:56:30] Rasign : 1990 [2016-06-09 20:56:48] ggwp : +1 [2016-06-09 20:56:54] BTCDJS : Rasign: no we were in a bull market. Now its turning. don't flatter yourself [2016-06-09 20:57:25] Rasign : I flatte myself [2016-06-09 20:57:32] Rasign : cause i'm right [2016-06-09 20:58:01] ggwp : did you squeeze your short in yet @BTCDJS [2016-06-09 20:58:04] BTCDJS : Rasign: you could have been wrong. Today was the right time to make the call [2016-06-09 20:58:13] BTCDJS : ggwp: yes [2016-06-09 20:58:22] ggwp : it was pretty obvious 3 days ago [2016-06-09 20:58:29] Rasign : yes dude [2016-06-09 20:58:36] BTCDJS : ggwp: no it wasnt [2016-06-09 20:58:39] ggwp : albeit risky [2016-06-09 20:58:54] ggwp : I wanted to short when we first hit 593 [2016-06-09 20:59:01] Rasign : if you watched 1d chart [2016-06-09 20:59:28] BTCDJS : Rasign: 1d chart wasn't conclusive yesterday . today it is [2016-06-09 20:59:44] Rasign : it wasn't sure at 100 % [2016-06-09 20:59:48] ggwp : it's never "conclusive" [2016-06-09 20:59:50] Rasign : but 75 % [2016-06-09 20:59:53] Rasign : sure [2016-06-09 20:59:55] Mr Blue : bull market isnt over by a long shot, not even reached block reward halving yet, best shorters can hope for is a $30 drop in my opinion. [2016-06-09 21:00:19] BTCDJS : You losers think you changed peoples mind. But people make up their own mind if they know what they are doing [2016-06-09 21:00:32] ggwp : lol man [2016-06-09 21:00:56] ggwp : you sound pissed