This is a mirror of the original BitMEX trollbox archive that used to be online here.
BitMEX disabled their archive after the DDOS attack so I have decided to make my mirror publicly available.

Well now, a few days after I made this mirror available to the public, the original archive from BitMEX is online again.
But since it is still limited (neutered to the last few hundred messages) I will keep my FULL mirror alive.

You have access to more than 50 million trollbox posts. This is more than 7 gigabyte of data hosted on a $5 server so please be patient or consider a donation

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[2016-06-12 14:10:01] justinlooking : not until position is closed tho
[2016-06-12 14:11:55] zanza : jesus
[2016-06-12 14:12:28] zanza : this is a record breaking week
[2016-06-12 14:13:07] ayy_lmao : why are the liquidations delayed?
[2016-06-12 14:13:10] ayy_lmao : and at different prices
[2016-06-12 14:14:03] rapidtrades : ayy_lmao: i think they move it up and the bot thinks its a new liq
[2016-06-12 14:14:07] stf28 : what happens if this big liquidation doesn't close @ 648.8 ?
[2016-06-12 14:14:19] rapidtrades : dpe happens
[2016-06-12 14:14:40] ayy_lmao : so some algo moves it up then
[2016-06-12 14:14:54] justinlooking : dpe would happen if rebalance price is higher than unfilled..
[2016-06-12 14:17:04] rentchev : what did dpe stand for?
[2016-06-12 14:17:21] BitMEX_Wally : Apologies to the REKT bot, the orderID on the liquidation order was changing when amended, I have fixed this now
[2016-06-12 14:17:34] BitMEX_Wally : Hence why it was spamming the channel thinking it was a new liquidation
[2016-06-12 14:17:50] zanza : Dont Profit Everyone
[2016-06-12 14:18:15] BTCDJS : zanza: damn I was trying to think of that and you beat me to it
[2016-06-12 14:18:33] BitMEX_Wally : Double Penetration Experience?
[2016-06-12 14:18:40] BTCDJS : good one
[2016-06-12 14:18:55] ayy_lmao : lol
[2016-06-12 14:19:00] BitMEX_Wally : Digit Prostate Exam
[2016-06-12 14:19:53] rentchev : lol
[2016-06-12 14:20:16] zanza : oh shit wally
[2016-06-12 14:20:20] zanza : good ones
[2016-06-12 14:20:49] zanza : https://gfycat.com/ImpressionableCostlyAvians
[2016-06-12 14:21:39] rentchev : big spread between China and the rest again
[2016-06-12 14:21:42] stf28 : it's like nobody wants to sell
[2016-06-12 14:21:53] BTCDJS : zanza: what in the world?
[2016-06-12 14:22:07] BTCDJS : what kinda foolishness is that?
[2016-06-12 14:22:44] BTCDJS : stf28: I'm selling the top. when we get there or have confirmation its happening now
[2016-06-12 14:24:45] stf28 : so you're selling now?
[2016-06-12 14:25:02] stf28 : there is a big hungry bid down here @ 648 ^^
[2016-06-12 14:25:15] BTCDJS : not just yet
[2016-06-12 14:26:46] BTCDJS : stf28: I'm guessing we could still go to 690s You?
[2016-06-12 14:26:58] zanza : eventually
[2016-06-12 14:27:09] zanza : i think we are on course for $3000
[2016-06-12 14:27:46] stf28 : the same, this thing has much steam and already broke the major reversal point
[2016-06-12 14:27:57] BTCDJS : zanza: a correction is surely required before that
[2016-06-12 14:28:08] BTCDJS : but good luck
[2016-06-12 14:28:52] lockhedge : what's a "major reversal point"?
[2016-06-12 14:29:10] zanza : whoa, that funding rate
[2016-06-12 14:29:22] zanza : for some reasons I saw .04% earlier
[2016-06-12 14:29:33] stf28 : like the one wehre everybody was f***ed back in july 14
[2016-06-12 14:30:14] zanza : so with a 100x leverage position, funding rate will be 42% of your base position :)
[2016-06-12 14:30:35] stf28 : by everybody I mean good ol' whales from the ancient ages of bitcoin
[2016-06-12 14:31:19] lockhedge : stf28: so you meant July 2014 when you said we already broke that major reversal point?
[2016-06-12 14:31:43] justinlooking : lockhedge: cny has, usd still under
[2016-06-12 14:32:50] stf28 : yes but it was downward back then, now this area 600-750 is a step towards new moon !
[2016-06-12 14:34:02] stf28 : all the expectations are between 3000 and 10k$ for the next wave, people who short doesnt know the strength this can have with hundreds of bots pushing everywhere, no pullback, just regular exchange dpe at local tops
[2016-06-12 14:37:18] stf28 : look how it's pushing it's crazy
[2016-06-12 14:37:58] stf28 : the fomo still has a long way to go :D
[2016-06-12 14:38:00] Blargwaffle : Chinese miners and remittance fans will push this until they're satisfied.
[2016-06-12 14:42:36] REKT : Liquidated long on `LTCXBT`: Sell 175 @ 0.00819
[2016-06-12 14:47:55] luckynuke : ltc dooom
[2016-06-12 14:48:31] zanza : RIP LTC
[2016-06-12 14:52:31] rapidtrades : lol? ltc up today
[2016-06-12 14:52:50] rapidtrades : not against btc of course :)
[2016-06-12 15:03:31] luckynuke : short
[2016-06-12 15:08:06] aethlios : 625 correction ahead....
[2016-06-12 15:08:26] luckynuke : sounds healthy
[2016-06-12 15:09:26] aethlios : okcoin H&S
[2016-06-12 15:09:49] luckynuke : the what ?
[2016-06-12 15:09:54] j8 : yeah was just seeing that head & shoulders
[2016-06-12 15:09:57] zanza : 50 dead in USA Nighclub
[2016-06-12 15:10:10] zanza : POssible Muslim attack
[2016-06-12 15:10:23] vbmithr : Yeah I've read that
[2016-06-12 15:10:24] vbmithr : scary
[2016-06-12 15:10:56] vbmithr : This time it happened in France before the USA
[2016-06-12 15:11:27] zanza : ya
[2016-06-12 15:11:29] luckynuke : 100 dead in iraq. Possible A-10 Warthog attack
[2016-06-12 15:11:42] BTCDJS : zanza: possible anyone attacked. don't just blame the muslims straight away
[2016-06-12 15:11:43] zanza : lol
[2016-06-12 15:12:12] luckynuke : brrrrt for democracy
[2016-06-12 15:14:50] Blargwaffle : Guy's name was Omar.
[2016-06-12 15:14:58] Blargwaffle : I'm thinking... Pagan.
[2016-06-12 15:15:01] Blargwaffle : Right? ;)
[2016-06-12 15:15:38] BTCDJS : Blargwaffle: sounds scandanavian
[2016-06-12 15:15:53] Blargwaffle : Exactly, praise Odin.
[2016-06-12 15:16:06] vbmithr : lol
[2016-06-12 15:16:09] vbmithr : Not exactly the same thing
[2016-06-12 15:17:33] BTCDJS : But anyway. Omar doesn't represent all of his people. He's a minority
[2016-06-12 15:18:05] Blargwaffle : Just have to kill all the Omars.
[2016-06-12 15:18:06] BTCDJS : just as ggwp doesn't represent all of poland
[2016-06-12 15:18:57] BTCDJS : we can't now go around and say all polish people are spammers
[2016-06-12 15:19:18] luckynuke : agree
[2016-06-12 15:19:32] rentchev : lol
[2016-06-12 15:19:38] rentchev : BTCDJS: funny analogy
[2016-06-12 15:20:11] BTCDJS : rentchev: yes we can't go around and say all bulgarians think I'm funny
[2016-06-12 15:20:24] BTCDJS : can we?
[2016-06-12 15:20:25] rentchev : the truth behind these attacks is so different that mainstream media let us to believe
[2016-06-12 15:20:33] BTCDJS : cos that would be pretty cool
[2016-06-12 15:20:39] rentchev : agrred
[2016-06-12 15:20:41] BTCDJS : I can accept that one
[2016-06-12 15:20:49] rentchev : agreed
[2016-06-12 15:21:01] rentchev : $650 should be resistance for now imo
[2016-06-12 15:21:21] vbmithr : Sudden topic change :p
[2016-06-12 15:21:29] BTCDJS : rentchev: waiting for right time to short
[2016-06-12 15:21:37] rentchev : yes
[2016-06-12 15:21:46] rentchev : better to wait for trades to calm down
[2016-06-12 15:22:22] laisee : was a gaye club, no?
[2016-06-12 15:22:33] rentchev : China wy ahead
[2016-06-12 15:22:35] rentchev : way
[2016-06-12 15:22:39] rentchev : that worries me
[2016-06-12 15:22:40] BTCDJS : 690 before correction may still be possible but I'm not going to risk it
[2016-06-12 15:22:50] sq : crazy day
[2016-06-12 15:24:05] rentchev : yes
[2016-06-12 15:24:13] rullwull : bot shows the next reversal point around 5:30
[2016-06-12 15:24:15] rentchev : but there is always something happening around the world
[2016-06-12 15:24:17] rentchev : Home-Made Bomb Explodes At Shanghai Airport, Injuring Five
[2016-06-12 15:25:09] sq : interesting. the premium still stays despite the funding cost
[2016-06-12 15:25:16] sam : I was in that airport 1 week ago
[2016-06-12 15:25:25] BTCDJS : yeah everyone is living out their karma. Mine is sitting infant of the computer most of the day
[2016-06-12 15:25:30] sam : fuck me
[2016-06-12 15:25:58] luckynuke : who else thinks that 650 is the new resistance ?
[2016-06-12 15:26:24] BTCDJS : luckynuke: 690 IMO
[2016-06-12 15:27:09] luckynuke : BTCDJS no i mean that resistance below ^^
[2016-06-12 15:27:38] BTCDJS : luckynuke: resistance bellow?
[2016-06-12 15:27:44] BTCDJS : you mean support?
[2016-06-12 15:28:11] rullwull : i think $100 correction is coming and in one week the next wave up
[2016-06-12 15:28:36] luckynuke : BTCDJS yes, sorry
[2016-06-12 15:29:15] BTCDJS : luckynuke: nah there will be a correction fo sho
[2016-06-12 15:30:46] luckynuke : hm imo there is more place for hyping btc til the halving
[2016-06-12 15:32:06] stf28 : rullwull: i'm waiting for it but it seems that too much shorters got rekt since this last pump, we probably may see a final long green one before
[2016-06-12 15:33:24] BTCDJS : stf28: what happened to #sheep guy? He's not too chirpy since he got REKT
[2016-06-12 15:33:42] sq : does it say who got rekt XD
[2016-06-12 15:34:30] BTCDJS : sq: he was short. And loud about it too. now he's nowhere to be seen. He got REKT
[2016-06-12 15:34:45] sq : ah kk
[2016-06-12 15:36:02] rullwull : stf28: sure we can test a new highs before the correction, but it can be very soon, based on my bot calculation the next RP by 15 min chart in 2 hours, also it shows that by other timeframes we are very close to reversal
[2016-06-12 15:36:20] 1QaZxSw2 : something is wrong with this swap product. how i can i have bought at 629,630 and sold at 638,639 and actually lose money?
[2016-06-12 15:36:41] BTCDJS : 1QaZxSw2: DPE
[2016-06-12 15:36:43] BTCDJS : ?
[2016-06-12 15:36:54] justinlooking : that should not be possible
[2016-06-12 15:37:06] BTCDJS : Double Penetration Experience
[2016-06-12 15:37:19] 1QaZxSw2 : i thought DPE should take only percentage of profit right, its not sale proceeds
[2016-06-12 15:37:38] 1QaZxSw2 : otherwise this product is unusable
[2016-06-12 15:38:09] BTCDJS : 1QaZxSw2: DPE was very high earlier.
[2016-06-12 15:38:18] j8 : no, if you sold higher than you bought then you made money. maybe you're confused about rebalanced pnl?
[2016-06-12 15:38:59] 1QaZxSw2 : maybe i am. what exactly lowers my profit during re-balanced pnl
[2016-06-12 15:39:50] j8 : it just moves your unrealised profit to realised. after that your unrealised profit is relative to the rebalance price (which is the spot price at 12:00 UTC)
[2016-06-12 15:40:42] sq : mm y is bitfinex price so laggy?
[2016-06-12 15:41:34] 1QaZxSw2 : still, if i bought at 630 and sold at 640, i should have a profit of $10? and at 25x leverage, it should be $250
[2016-06-12 15:41:58] 1QaZxSw2 : i dont see how DPE or rebalance should make my profit -ve
[2016-06-12 15:42:45] 1QaZxSw2 : http://imgur.com/a/32wAo
[2016-06-12 15:43:24] 1QaZxSw2 : how the hell those trades take my balance from 1.11 to 1.09
[2016-06-12 15:44:00] 1QaZxSw2 : thats a $10 swing i traded. if those cant be traded profitably, im not sure i can trade long profitably at all
[2016-06-12 15:44:50] j8 : do you have Withheld Profit? when you close the position the pnl doesn't hit the wallet until rebalance
[2016-06-12 15:44:55] j8 : at 12:00 UTC
[2016-06-12 15:45:06] 1QaZxSw2 : no withheld profit
[2016-06-12 15:45:20] zanza : maybe it was the taker fees?
[2016-06-12 15:45:21] 1QaZxSw2 : no unrealized pnl
[2016-06-12 15:46:22] 1QaZxSw2 : i was maker on some of those trades. Taker fees cannot be that large anyway
[2016-06-12 15:47:22] j8 : 1QaZxSw2: check this, it has a bit more detail on funding transactions etc. https://www.bitmex.com/app/tradeHistory
[2016-06-12 15:48:04] BitMEX_Wally : 1QaZxSw2: From your screenshot those trades were made after the rebalance at 2016-06-12 12:00. So that rebalance does not contain that PNL
[2016-06-12 15:48:35] zanza : ^ i was going to say that
[2016-06-12 15:48:47] 1QaZxSw2 : what does that mean bitmex_wally, my profits do exist somewhere? it shows no withheld profit
[2016-06-12 15:49:54] justinlooking : do a barrel roll
[2016-06-12 15:49:55] BitMEX_Wally : Sorry, I mis-read the time stamp
[2016-06-12 15:49:58] justinlooking : i mean refresh
[2016-06-12 15:51:24] 1QaZxSw2 : refresh did not change anything. Its ok if the profits are somewhere, not yet reflected. its even ok if profits are eaten up by DPE and fees. I just need to know
[2016-06-12 15:51:47] BitMEX_Wally : Let me look at your trade history
[2016-06-12 15:54:05] 1QaZxSw2 : thanks. i just need to know the parameters to trade successfully. i was hoping that buying low and selling high means i get something even if its discounted.
[2016-06-12 15:55:03] stf28 : it happened to me a lot, funding and fees are based on some shady calculations about relaised/unrealised pnl
[2016-06-12 15:55:55] j8 : you should definitely be at a profit based on what you've shown us, fees and funding are small in comparison
[2016-06-12 15:55:59] stf28 : that's how i see it, no way profitable trades makes you loose more money than earn
[2016-06-12 15:56:45] 1QaZxSw2 : ya, otherwise im better off trading spot
[2016-06-12 15:57:25] Mr Blue : I also believe I should of got 0.15 BTC back from last nights loss, but never came :-( if I sold at $10 prof per btc an didn't earn at least $9 per BTC, Id consider that fucked lol @BitMEX_Wally can you check on my mistake? I got back in before liquidation, so new I was taking a loss, but it took from my 0.15 balance that wasn't even at risk of been liquidated as well when buying back.. probably a noob mistake on my part.
[2016-06-12 15:57:30] hello : now is time to invest in idni agoras
[2016-06-12 15:58:20] justinlooking : now is time to buy multi corners in poland v ireland
[2016-06-12 16:00:46] Mr Blue : now my useable balance just dropped, I only just deposited 0.5 BTC and got 1 contract, now saying I can only use 0.16 how does that work out like...
[2016-06-12 16:01:15] BitMEX_Wally : 1QaZxSw2: You have a profit of 0.0631418 XBT from the trades you have shown us. But you had a liquidation at 23:38 UTC which caused a loss of 0.0810301 XBT. Added together is -0.0178882 XBT which is the CashRebalance at 2016.06.12 12:00 UTC
[2016-06-12 16:01:32] BitMEX_Wally : You can see your full trade history here: https://www.bitmex.com/app/tradeHistory
[2016-06-12 16:02:10] BitMEX_Wally : Mr Blue: You can see a full breakdown of your Margin Status in the chart here: https://www.bitmex.com/app/wallet
[2016-06-12 16:02:17] hello : where can i find a step to step for the bitmex contracts?
[2016-06-12 16:02:42] justinlooking : hello: press references
[2016-06-12 16:02:55] hello : I do not understand
[2016-06-12 16:02:57] Mr Blue : BitMEX_Wally: but I only got 1 contact $1 and now saying I can't use the 0.5 BTC I just deposited mate
[2016-06-12 16:03:05] 1QaZxSw2 : ok, thanks wally
[2016-06-12 16:04:15] stf28 : is it possible to show wallet balance in trade history ?
[2016-06-12 16:04:55] BitMEX_Wally : stf28: We are working on that
[2016-06-12 16:05:06] stf28 : it would be more clear i think :)
[2016-06-12 16:05:19] BitMEX_Wally : Mr Blue: Try reducing the leverage setting on your open positions
[2016-06-12 16:05:28] hello : BitMEX_Wally: do you have some video in youtube to explain the contracts?
[2016-06-12 16:05:41] Mr Blue : BitMEX_Wally: okay but only on x5
[2016-06-12 16:05:47] BitMEX_Wally : You have a 2x leverage set on one position and that is locking out all your margin
[2016-06-12 16:06:06] Mr Blue : gone to x1 still saying my money has gone
[2016-06-12 16:06:23] BitMEX_Wally : The higher the leverage, the less margin it requires
[2016-06-12 16:06:27] justinlooking : x1 will use even more of your leverage!
[2016-06-12 16:06:30] justinlooking : *margin
[2016-06-12 16:06:34] Mr Blue : if I sell the 1
[2016-06-12 16:06:34] BitMEX_Wally : Set your XBJ24H position to Cross
[2016-06-12 16:06:43] BitMEX_Wally : It is not your 1 contract, it is your 100 contracts on XBJ24H
[2016-06-12 16:07:16] Mr Blue : BitMEX_Wally: I got that before I deposited the 0.5 BTC but okay I'l try that
[2016-06-12 16:08:26] Mr Blue : my money is back, hmm wierd one was the x2 I had shorting Yen
[2016-06-12 16:08:27] BitMEX_Wally : Yeah you had that position before you deposited, but you set it to 2x after you deposited, and that locked out all the margin
[2016-06-12 16:08:38] sq : BitMEX_Wally: why is the cash rebalance in the account tab a fraction of my unrealised pnl only?
[2016-06-12 16:08:53] Mr Blue : BitMEX_Wally: okay mate sorry about that, I'll be more careful next time
[2016-06-12 16:08:57] sq : pending 17 jun
[2016-06-12 16:09:09] sq : how is it calculated? tks
[2016-06-12 16:09:30] BitMEX_Wally : The pending cash rebalance shown only shows realisedPNL at the moment, because that is what affects your wallet balance
[2016-06-12 16:09:39] sq : ic tks
[2016-06-12 16:09:55] BitMEX_Wally : I'm working on adding a PNL history to the trade history
[2016-06-12 16:10:11] BitMEX_Wally : So you can click on a rebalance transaction and see all the trades, funding, rebalances and how it was calculated
[2016-06-12 16:11:23] stf28 : BitMEX_Wally: it would bet greatly inspiring !!
[2016-06-12 16:12:01] stf28 : *be
[2016-06-12 16:19:08] REKT : Liquidated short on `ETHXBT`: Buy 2029 @ 0.02370
[2016-06-12 16:19:32] luckynuke : rekt
[2016-06-12 16:31:37] futuretrader : BitMEX_Wally: whats dpe
[2016-06-12 16:34:24] yoyoma : BitMEX_Wally: so with this new funding rate longs will be charged 0.43% every 8 hours?
[2016-06-12 16:34:36] yoyoma : this completely wipes out any reason to hold the contract
[2016-06-12 16:34:59] yoyoma : if i were to hold this for a week i would be charged 8.4%?
[2016-06-12 16:35:02] sq : u can short it. its at a premium !
[2016-06-12 16:35:12] j8 : the rate is variable, it changes every 8 hours
[2016-06-12 16:35:16] tscha : insurance fund melting and melting
[2016-06-12 16:35:22] j8 : looks like it'll be higher on the next one :)
[2016-06-12 16:35:40] j8 : tscha: btc insurance fund is toast already
[2016-06-12 16:36:08] yoyoma : im using this contract as a hedge - im transfering some funds around and want to maintain my BTC long
[2016-06-12 16:36:36] yoyoma : but it will take 1 week + to move the money. and if i park it in this swap the funding is insance
[2016-06-12 16:37:35] lockhedge : wow still 34 btc in the (ETH) insurance fund
[2016-06-12 16:38:03] vbmithr : yoyoma: I think 0.43% is the daily rate
[2016-06-12 16:38:14] vbmithr : You get charged every 8 hours but only a third of it
[2016-06-12 16:38:20] BitMEX_Sam : The rate also includes the premium now, so we fully expect it to drop next period unless there is another significant jump
[2016-06-12 16:38:37] BitMEX_Sam : Vbmithr: we display the 8hr rate
[2016-06-12 16:38:50] tscha : BitMEX_Sam: you assume rational traders there :)
[2016-06-12 16:39:07] yoyoma : BitMEX_Sam: i still don't understand the rational behind this. It completely eradicates the use case for taking a position for more than a day or two
[2016-06-12 16:39:51] elmorte : BitMEX_Sam: sup! no funding on the XBJ24H?
[2016-06-12 16:39:55] yoyoma : if i need to hold a position for a week im going to look for alternatives to gain the exposure i need
[2016-06-12 16:39:58] BitMEX_Sam : Yoyoma: it does not, the change only affects the funding rate in exceptional circumstances like this weekend where there is high premium
[2016-06-12 16:40:42] BitMEX_Sam : It incentivizes shorting to eliminate the premium, which in turn will reduce the rate next period
[2016-06-12 16:41:06] BitMEX_Sam : Elmorte: Correct, it is a standard 24H
[2016-06-12 16:41:16] elmorte : Cheers mate
[2016-06-12 16:41:32] yoyoma : BitMEX_Sam: i dont agree - you could take advantage and short the contract, hold BTC and earn funding
[2016-06-12 16:41:42] yoyoma : but the liquidity isn't there yet for that trade to make sense
[2016-06-12 16:41:47] j8 : BitMEX_Sam: you expect it to drop next period? but `.XBTUSDPI` is running high this period
[2016-06-12 16:42:01] BitMEX_Sam : Remember everyone that the funding rate is not paid to us, it is paid from longs to shorts and we don't take a piece of that
[2016-06-12 16:42:40] BitMEX_Sam : yoyoma: That is a wise trade especially with the current premium & rate
[2016-06-12 16:42:55] futuretrader : BitMEX_Sam: hi sam whats is dpe
[2016-06-12 16:43:05] BitMEX_Sam : futuretrader: https://www.bitmex.com/app/dynamicProfitEqualisation
[2016-06-12 16:43:12] yoyoma : BitMEX_Sam: yes but you don't have enough market makers on your platform that are doing this
[2016-06-12 16:43:29] BitMEX_Sam : Yet - and individual traders should see the opportunity as well
[2016-06-12 16:43:44] tscha : emphasis on should :)
[2016-06-12 16:43:51] BitMEX_Sam : The market is not always rational
[2016-06-12 16:44:11] BitMEX_Sam : j8: Correct that PI is running high, I expect it to drop given the premium + rate but the FOMO is strong right now
[2016-06-12 16:44:11] yoyoma : yes but they aren't - i think the funding makes sense when you have more liquidty and smart traders to keep the price in line
[2016-06-12 16:44:21] BitMEX_Sam : Chicken and egg in a way
[2016-06-12 16:44:22] futuretrader : BitMEX_Sam: are withdrawals processed daily at 13.00
[2016-06-12 16:44:28] BitMEX_Sam : futuretrader: 13:00 UTC yes
[2016-06-12 16:44:56] yoyoma : for someone like me - who is using the swap to hedge or take a multi-week position its removed the reason to use this instrument
[2016-06-12 16:45:03] futuretrader : so next wthdrawal in 20, 16mins
[2016-06-12 16:45:07] futuretrader : 20hours 16mins
[2016-06-12 16:45:08] j8 : fomo is definitely strong, maybe people will realize how much they're paying before too long and sell
[2016-06-12 16:45:16] BitMEX_Sam : yoyoma: It was clear from the past weeks that the premium was sticking around much longer than it should have, and the lending rate alone was not enough to bring the premium down
[2016-06-12 16:45:37] BitMEX_Sam : yoyoma: That depends entirely on which direction you are going. Regardless it is not unusual to see lending rates alone go quite high
[2016-06-12 16:45:44] BitMEX_Sam : I have to go for a while - I will be back soon to answer more questions.
[2016-06-12 16:46:27] yoyoma : BitMEX_Sam: ok, the issue is im charged this every day, and if i hold for 7 days im only going to make back 1 day of premium
[2016-06-12 16:47:19] lockhedge : BitMEX_Sam: wouldn't it be possible to create a fixed-for-floating interest rate swap product, so long term holders could hedge against rising rates
[2016-06-12 16:50:31] stf28 : next leg up incoming !
[2016-06-12 16:51:14] lockhedge : yoyoma: it's very unlikely that the funding rate/premium will stay at that level for several days (as an effect of the premium based rate). we already saw a negative rate some hours ago
[2016-06-12 16:53:03] vbmithr : Ah, didn't know…
[2016-06-12 16:53:13] arbitrage001 : lockhedge: premium is only getting larger
[2016-06-12 16:53:33] arbitrage001 : so long as the bull is still running wild, people willing to pay
[2016-06-12 16:54:11] lockhedge : arbitrage001: it mainly gets larger because we are currently on a capped funding rate
[2016-06-12 16:54:16] aethlios : arbitrage001: at the last pump 200>500 the 24H had 45 usd premium the last day of the pump.
[2016-06-12 16:54:26] yoyoma : lockhedge: regardless the volatility and risk in funding rates makes this instrument useless for anything else than day trading
[2016-06-12 16:54:59] yoyoma : if you want to take a position and hold it - does not make sense to use this swap
[2016-06-12 16:55:18] arbitrage001 : yoyoma: bitmex advertises itself as 100x platform
[2016-06-12 16:55:47] arbitrage001 : any sane traders know non-rational gamblers will use it
[2016-06-12 16:55:57] arbitrage001 : only gambler
[2016-06-12 16:57:14] elmorte : arbitrage001: are you same guy from bitcointalk?
[2016-06-12 16:57:21] yoyoma : arbitrage001: what do you suggest is a good instrument to use if i want to leverage my bitcoin holdings
[2016-06-12 16:57:24] arbitrage001 : elmorte: yes
[2016-06-12 16:57:30] yoyoma : and hold the position
[2016-06-12 16:57:37] arbitrage001 : yoyoma: bitfinex?
[2016-06-12 16:57:45] elmorte : Ah cool, so you're Malaysian?
[2016-06-12 16:57:50] yoyoma : ya im setting that up now
[2016-06-12 16:57:52] arbitrage001 : leding rate is very low there compare to here
[2016-06-12 16:58:01] arbitrage001 : lending
[2016-06-12 16:58:06] yoyoma : i can borrow USD against BTC deposits?
[2016-06-12 16:58:14] yoyoma : and then buy more BTC
[2016-06-12 16:58:43] arbitrage001 : yoyoma: think you can use btc as collateral to buy more btc on the margin trade part
[2016-06-12 16:59:03] arbitrage001 : not exactly sure how the rate comes into play if you do that
[2016-06-12 16:59:47] yoyoma : arbitrage001: ok thanks ill figure it out, but thats essentially what im looking to do.
[2016-06-12 17:00:29] arbitrage001 : yoyoma: Np. Have fun trading
[2016-06-12 17:01:14] elmorte : arbitrage001: you still using coinbox.biz?
[2016-06-12 17:02:54] arbitrage001 : elmorte: yes
[2016-06-12 17:03:06] arbitrage001 : only if the rate is favorable
[2016-06-12 17:03:19] elmorte : That's a shady-ass site...
[2016-06-12 17:03:26] arbitrage001 : elmorte: nah
[2016-06-12 17:03:40] arbitrage001 : elmorte: bought rm10k a few hours ago
[2016-06-12 17:03:43] elmorte : I know coz I used it
[2016-06-12 17:03:46] rapidtrades : i thought the new fee will cut the premium
[2016-06-12 17:04:00] elmorte : It's all good...till thou want to withdraw
[2016-06-12 17:04:05] elmorte : You*
[2016-06-12 17:04:12] arbitrage001 : elmorte: how so
[2016-06-12 17:04:18] j8 : rate must go higher!
[2016-06-12 17:04:25] arbitrage001 : my experience has been positive so far using coinbox
[2016-06-12 17:04:39] arbitrage001 : shady only in btc rate
[2016-06-12 17:04:50] elmorte : Then they charge a subjective fee on withdrawal, regardless of whether it's BTC or MYR
[2016-06-12 17:04:58] arbitrage001 : newbies will get slaughtered if they are new to btc
[2016-06-12 17:05:08] elmorte : I got charged 1.3% each time
[2016-06-12 17:05:11] arbitrage001 : btc withdrawal is free
[2016-06-12 17:05:21] arbitrage001 : fiat withdrawal is now 1%
[2016-06-12 17:05:29] elmorte : These fees are not specified in the fee schedule
[2016-06-12 17:05:41] arbitrage001 : so, if the premiums is 3%+, i dont have problem paying 1%
[2016-06-12 17:06:31] elmorte : And they take their sweet time to process withdrawals....like 72 hrs of constant email barrage
[2016-06-12 17:06:42] elmorte : First time, they accused me of money laundering
[2016-06-12 17:06:50] arbitrage001 : my longest wait is 24 hours
[2016-06-12 17:07:03] arbitrage001 : what did they based it on?
[2016-06-12 17:07:08] elmorte : For depositing and withdrawing to the same account
[2016-06-12 17:07:18] elmorte : They
[2016-06-12 17:07:29] elmorte : Wait, I'll c/p
[2016-06-12 17:07:49] Mr Blue : coinbase looks to be heading 570
[2016-06-12 17:08:48] justinlooking : 670?
[2016-06-12 17:09:08] Mr Blue : justinlooking: ye sorry 670
[2016-06-12 17:09:36] elmorte : Hi, can you explain why after deposit you made withdrawal again, instead of using it on btc purchase?
[2016-06-12 17:09:59] arbitrage001 : elmorte: lol
[2016-06-12 17:10:08] arbitrage001 : should check price first before depositing
[2016-06-12 17:10:26] arbitrage001 : and only deposit the ammount you need to buy btc
[2016-06-12 17:10:44] arbitrage001 : but i do know these owners are shady
[2016-06-12 17:10:50] Mr Blue : coinbase 657 and rising
[2016-06-12 17:10:52] elmorte : I did...fee schedule was incomplete and parts of out buried on purpose no doubt
[2016-06-12 17:10:57] arbitrage001 : malaysia is known as scammer heaven
[2016-06-12 17:10:59] elmorte : It
[2016-06-12 17:11:31] arbitrage001 : you can try bitx also
[2016-06-12 17:11:40] arbitrage001 : run by colbert
[2016-06-12 17:11:44] arbitrage001 : malysia one
[2016-06-12 17:11:53] Mr Blue : I feel for any new baby bears, they don't deserve to die so soon lol
[2016-06-12 17:11:54] arbitrage001 : also another shady owner lol
[2016-06-12 17:12:27] elmorte : Oh I love bitx, that's the main reason I wanted to speak to you
[2016-06-12 17:12:49] elmorte : Did you get a taker fee discount for June?
[2016-06-12 17:12:55] arbitrage001 : they need my ic
[2016-06-12 17:12:56] elmorte : On BitX
[2016-06-12 17:13:00] arbitrage001 : for verification
[2016-06-12 17:13:08] elmorte : Coinbox did too, to withdraw
[2016-06-12 17:13:12] arbitrage001 : i am not going to send in my IC lol
[2016-06-12 17:13:33] elmorte : I'm fully verified on both
[2016-06-12 17:13:36] arbitrage001 : dangerous to hand over personal information to anyone in KL
[2016-06-12 17:13:38] rapidtrades : okc down?
[2016-06-12 17:15:13] rapidtrades : okc down??
[2016-06-12 17:15:36] justinlooking : nop
[2016-06-12 17:15:41] lockhedge : rapidtrades: api is still working
[2016-06-12 17:15:44] rapidtrades : great
[2016-06-12 17:15:53] luckynuke : okcoin in online
[2016-06-12 17:16:04] rapidtrades : its bak on
[2016-06-12 17:16:16] elmorte : But Bitx processes my BTC withdrawals in minutes. Fn coinbox took hours...not even for fiat but BTC! And still charged me 1% or more, can't remember now, since their record keeping is adjusted automatically to reflect the fee
[2016-06-12 17:16:36] rapidtrades : elmorte: omg who cares
[2016-06-12 17:16:44] elmorte : Hours = 24 or more
[2016-06-12 17:16:45] luckynuke : why you are 10$ over the price, guys ?
[2016-06-12 17:16:46] rapidtrades : is this convo rly needed right now
[2016-06-12 17:17:06] elmorte : Yeah, for me.
[2016-06-12 17:17:43] elmorte : Point me to a pm function here?
[2016-06-12 17:18:04] arbitrage001 : need to hit the sack
[2016-06-12 17:18:19] arbitrage001 : long day tomorrow
[2016-06-12 17:18:23] arbitrage001 : elmorte: good night
[2016-06-12 17:18:30] elmorte : Same, gnite.Yeah fn Mondays man
[2016-06-12 17:18:41] BTCDJS : elmorte: good night elmorte
[2016-06-12 17:18:52] BTCVIX : is @sleger here
[2016-06-12 17:19:53] rapidtrades : look at this....buying at $11 premium with 9%open DPE....some ppl need to have their heads examined
[2016-06-12 17:20:00] sq : .llol
[2016-06-12 17:20:27] justinlooking : certainly weird dynamic atm
[2016-06-12 17:20:40] sq : yeah i wonder wads driving this,,
[2016-06-12 17:21:10] rapidtrades : sq: really low IQs that's wads
[2016-06-12 17:21:18] sq : lol
[2016-06-12 17:21:49] aethlios : rapidtrades: speculation heat
[2016-06-12 17:22:29] sq : rapidtrades: how many yrs u been trading
[2016-06-12 17:22:45] rapidtrades : idk 10-11-12?
[2016-06-12 17:22:49] sq : sweet
[2016-06-12 17:26:22] elmorte : should be on the beach sipping piña coladas by now
[2016-06-12 17:27:18] elmorte : Probably don't like the sun though
[2016-06-12 17:28:10] BTCDJS : its possible this bitch is going down
[2016-06-12 17:30:20] BTCDJS : BTCVIX: say something stupid. And slugger will appear
[2016-06-12 17:30:32] BTCDJS : Sleger
[2016-06-12 17:30:49] BTCVIX : BTCDJS: what if I say his name in the mirror 5 times
[2016-06-12 17:30:52] BTCVIX : same effect ?
[2016-06-12 17:31:31] BTCDJS : BTCVIX: Dono. He doesn't seem supernatural to me. But he certainly loves correcting people
[2016-06-12 17:36:28] GingerDan : is the wedge going to break down? ^^
[2016-06-12 17:38:19] GingerDan : Wahayy time to short again
[2016-06-12 17:43:34] BTCDJS : BTCVIX: actually after a bit of reflection I feel like Ive done him a great injustice. He plays a very important role in this trollbox.
[2016-06-12 17:45:38] GingerDan : Theres no support in the OBs, we can go lower
[2016-06-12 17:45:48] asdfman : OBs?
[2016-06-12 17:46:17] GingerDan : Orderbooks, sorry
[2016-06-12 17:46:18] BTCDJS : asdfman: older brothers
[2016-06-12 17:46:27] GingerDan : BTCDJS: lol
[2016-06-12 17:49:27] BitMEX_Wally : There is 500,000 contracts on the bid around 648
[2016-06-12 17:50:12] GingerDan : BitMEX_Wally: talking about the BTC exchanges, sorry Wally
[2016-06-12 17:50:19] BitMEX_Wally : Ahh :)
[2016-06-12 17:50:56] Mr Blue : people must be thinking if we can go 800 before block reward halving, imagin what could happen after lol
[2016-06-12 17:51:15] BitMEX_Wally : I suspect the block halving is already priced in
[2016-06-12 17:51:49] BitMEX_Wally : Miners might also turn back on previously uneconomical equipment now the price has risen
[2016-06-12 17:53:16] Mr Blue : BitMEX_Wally: if think it's been getting priced in since we was stuck at £150 a Bitcoin last year, and it jumped to £300 lol but one big dump would be all it takes for sure
[2016-06-12 17:53:23] BTCDJS : BitMEX_Wally: even if btc is valued at 200. Isn't it still worth it for them to mine? I mean how much money does it cost to run a mine and how many bitcoins does an average mine make a day?
[2016-06-12 17:54:55] futuretrader : can someone explain to me how am i in loss
[2016-06-12 17:54:59] futuretrader : my entry price 652
[2016-06-12 17:55:10] futuretrader : my loss 0.0359
[2016-06-12 17:55:12] futuretrader : i went long
[2016-06-12 17:55:40] aethlios : futuretrader: mark price 644.8
[2016-06-12 17:55:43] GingerDan : futuretrader: It bases unrealised P/L on markey price
[2016-06-12 17:55:51] ayy_lmao : dont pay attention to the fair price yah
[2016-06-12 17:56:11] ayy_lmao : you have to use the calculator on the top left to get the real pnl
[2016-06-12 17:56:15] GingerDan : futuretrader: The market price is not what you can sell at. Look at the orderbook for that
[2016-06-12 17:56:41] futuretrader : so i sell now accoridng to the orderbook am in loss
[2016-06-12 17:56:56] ayy_lmao : no
[2016-06-12 17:57:08] ayy_lmao : u will be breakeven due to fee most likely
[2016-06-12 17:57:09] futuretrader : if i sell now at 653 im in profit right
[2016-06-12 17:57:19] aethlios : futuretrader: right
[2016-06-12 17:57:24] GingerDan : -fee's yes
[2016-06-12 17:57:46] GingerDan : futuretrader: The market price is a weighted average of BTC exchange spot prices.
[2016-06-12 18:09:53] aethlios : futuretrader: if you have open position in 2 hours you pay the premium. be careful
[2016-06-12 18:21:44] futuretrader : whats the premium
[2016-06-12 18:22:56] BTCDJS : $7
[2016-06-12 18:23:54] justinlooking : aethlios is talking about funding rate that currently applies to open longs
[2016-06-12 18:24:06] justinlooking : 0.43%\
[2016-06-12 18:28:41] aethlios : futuretrader: learn how funding rate affects your long position and how it works.
[2016-06-12 18:29:11] futuretrader : i know on other sites it pretty straight forward this one will need some reading
[2016-06-12 18:31:17] lockhedge : next rate (to be paid in 10h) will be 0.8%, rate after that should be much lower
[2016-06-12 18:36:13] aethlios : 15.4k btc volume, that's good.
[2016-06-12 18:37:39] j8 : around 1000 btc got dumped into the liquidation
[2016-06-12 18:38:44] ayy_lmao : noice
[2016-06-12 18:52:42] rapidtrades : that LIQ is stil there
[2016-06-12 18:53:08] lockhedge : only 40% of it
[2016-06-12 18:55:30] rapidtrades : finex / okc gap narrowed a bit
[2016-06-12 18:56:03] BTCDJS : rapidtrades: have you flipped?
[2016-06-12 18:56:19] rapidtrades : flipped what lol
[2016-06-12 18:56:32] BTCDJS : positions
[2016-06-12 18:56:45] rapidtrades : no?
[2016-06-12 18:57:26] BTCDJS : you're not thinking dirty thoughts again are you?
[2016-06-12 18:58:34] rapidtrades : now btce is the major laggard
[2016-06-12 19:01:04] rapidtrades : we'll prolly break that liq during rebalance
[2016-06-12 19:01:17] rapidtrades : or whatever that's called when rates get charged
[2016-06-12 19:02:39] rapidtrades : BTCDJS: position?
[2016-06-12 19:03:24] BTCDJS : from downward facing dog to tree. What do think?
[2016-06-12 19:03:24] lockhedge : rapidtrades: probably not, mark price will rise 0.375% to 0.8047% above spot. we will probably see DPE again.
[2016-06-12 19:03:52] rapidtrades : my thinking is more like longers will sell to avoid the $2.80 hit
[2016-06-12 19:04:38] aethlios : rapidtrades: I don't think they care, moon dreams....
[2016-06-12 19:04:50] rapidtrades : hehe true
[2016-06-12 19:06:07] rapidtrades : remember ggwp yesterday? 'munz denied'
[2016-06-12 19:06:19] MrRGnome : are we permanently back to 50x instead of 100x?
[2016-06-12 19:06:37] rapidtrades : MrRGnome: do u rly need 100/1?
[2016-06-12 19:06:48] rapidtrades : can he even use that with current premium
[2016-06-12 19:07:03] rapidtrades : insta rekt no?
[2016-06-12 19:07:18] lockhedge : MrRGnome: as long as the funding rate is above 0.375% there is no way to go back to 100x
[2016-06-12 19:07:43] rapidtrades : MrRGnome: my back of the envelope calc say u would be insta rekted at 100/1
[2016-06-12 19:07:55] MrRGnome : Well obviously most people don,t but yes. I do. I use this platform to hedge, and the high leverage means I don't need as much money ont he exchange to hedge with. My stuck operating captial is now higher
[2016-06-12 19:08:09] rapidtrades : ah ok
[2016-06-12 19:08:39] MrRGnome : If I was insta rekt here, because it's a hedge, I'm better off somewhere else
[2016-06-12 19:08:47] rapidtrades : still its a bit silly to keep the minimum here to hedge....we just had a 75 dollar day
[2016-06-12 19:09:26] MrRGnome : I don't like keeping any more than is absolutely necessary on exchanges to create the risk proflie I desire
[2016-06-12 19:09:41] rapidtrades : if ur plan involves rektage then its not a proper hedge
[2016-06-12 19:10:01] MrRGnome : I'll give you an example
[2016-06-12 19:10:38] MrRGnome : I have 100 btc let say, and I want to keep about 5 btc on bitmex because at any time I may want to sellt he equivilant of all 100btc but only ever risk 5 btc
[2016-06-12 19:10:58] MrRGnome : So we hit a huge price spike, I'm long on other exchanges
[2016-06-12 19:11:11] MrRGnome : I want to sell on bitmex because the price is good, so i leverage my 5btc
[2016-06-12 19:11:26] MrRGnome : and i sell - at this point I don't care if the price goes up ordown or if I getliquidated even
[2016-06-12 19:11:37] MrRGnome : I have what i want, and tha'ts a dollar value in btc equal to my savings
[2016-06-12 19:11:53] rapidtrades : like i said, not a proper hedge cos one of these days u'll get rekted and prices will immediately go down
[2016-06-12 19:12:05] MrRGnome : But it's not rekt if I got th eprice I wanted and made a proift
[2016-06-12 19:12:18] MrRGnome : I could care less if the position liquidates on my short and I lose all 5 btc
[2016-06-12 19:12:48] rapidtrades : if ur liquidated here then ur left with a naked long...which would then lose $$$
[2016-06-12 19:13:07] MrRGnome : The naked long will liquidate with the hedge.
[2016-06-12 19:13:12] MrRGnome : Never being naked
[2016-06-12 19:13:14] rapidtrades : how so
[2016-06-12 19:13:21] MrRGnome : Via bot
[2016-06-12 19:13:25] rapidtrades : ah
[2016-06-12 19:14:11] rapidtrades : if its been working for u cool
[2016-06-12 19:14:12] MrRGnome : Anyways, my point is that I feel I have a valid use case for 100x, and other traders may think I'll lose money but that's my business, and right now all bitmex is doing with their recent changes is making my trading strategy more difficult to execute
[2016-06-12 19:14:47] rapidtrades : there won't be 100/1 soon...there's still a giant LIQ on the orderbook and earlier we had 20% DPE
[2016-06-12 19:15:06] BTCDJS : MrRGnome: you can trade 100x on the new XBJ24H
[2016-06-12 19:15:30] MrRGnome : Oh yeah? That's not an instrument on here is it?
[2016-06-12 19:15:36] rapidtrades : careful tho, that's a quanto
[2016-06-12 19:15:44] BTCDJS : MrRGnome: yup
[2016-06-12 19:15:55] BTCDJS : next to XBTUSD
[2016-06-12 19:16:03] BTCDJS : refresh if you can't see
[2016-06-12 19:16:28] MrRGnome : ahhh I see, this may be able to save me some stuck operating capital thanks
[2016-06-12 19:16:57] MrRGnome : Just have to read the full details of this instrument, I'm unfamiliar
[2016-06-12 19:17:22] BTCDJS : MrRGnome: have fun
[2016-06-12 19:17:30] MrRGnome : thanks!
[2016-06-12 19:18:03] lockhedge : going 100x short a XBT/JPY quanto future to hedge a XBT/USD long position is an ambitions idea
[2016-06-12 19:18:28] MrRGnome : Yeah , I'm not sure this instrument is built very well for that. I don't really know what its terms are
[2016-06-12 19:18:47] MrRGnome : But i am for sure going to look into it
[2016-06-12 19:19:03] rapidtrades : whats Quoine
[2016-06-12 19:19:41] lockhedge : largest exchange in Japan
[2016-06-12 19:19:59] rapidtrades : how liquid is it
[2016-06-12 19:26:53] lockhedge : rapidtrades: i'd say only finex and the chinese exchanges have more liquidity
[2016-06-12 19:27:38] rapidtrades : got any figures bro
[2016-06-12 19:28:20] BTCDJS : rapidtrades: heres a link www.google.com
[2016-06-12 19:28:52] BTCDJS : ?
[2016-06-12 19:30:36] lockhedge : https://cryptowat.ch/quoine/btcjpy/1d https://cryptowat.ch/quoine/btcusd/1d
[2016-06-12 19:43:32] messiaen8844 : so, now high funding rate and also premium?
[2016-06-12 19:47:47] Juba : mark price is 5 $ off that shit normal?
[2016-06-12 19:48:25] Blargwaffle : Here comes DPE again...
[2016-06-12 19:49:09] rapidtrades : it was always there, liquidation not filled
[2016-06-12 19:50:23] rapidtrades : this is tiring but at least it
[2016-06-12 19:50:40] rapidtrades : s not boring u laggy cha
[2016-06-12 19:50:46] rapidtrades : t
[2016-06-12 19:50:47] aethlios : messiaen8844: the premium is the funding rate now
[2016-06-12 19:51:20] rapidtrades : longs are about to get a reality chec
[2016-06-12 19:51:27] rapidtrades : WHATS WITH THE LAG
[2016-06-12 19:51:31] rapidtrades : ARE U SRS
[2016-06-12 19:51:36] rapidtrades : F*CK
[2016-06-12 19:52:22] j8 : if anyone is long and thinks the funding rate is too high, feel free to bail and buy my ask on XBTM16
[2016-06-12 19:52:53] lockhedge : mark price will jump +0.375% in 6minutes, then we have a 0.8047% funding rate (capped about 1%) and then premium should get down...
[2016-06-12 19:53:27] rapidtrades : ''should''
[2016-06-12 19:53:29] aethlios : j8: I can buy 20000 at 665