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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[2016-06-14 15:15:58] zanza : rapidtrades
[2016-06-14 15:16:03] zanza : wow this negative premium
[2016-06-14 15:16:07] rapidtrades : tis but a flesh wound
[2016-06-14 15:16:26] BTCDJS : rapidtrades: its about to get ugly
[2016-06-14 15:16:31] zanza : open interest under 4 million
[2016-06-14 15:16:41] rapidtrades : BTCDJS: LALALALALLA
[2016-06-14 15:18:09] BTCDJS : definite breach in security this mate
[2016-06-14 15:18:58] sizzurp : why can i not withdraw with cashrebalances pending??
[2016-06-14 15:19:20] rapidtrades : sizzurp: doesn't matter
[2016-06-14 15:19:36] BTCDJS : sizzurp: 13:00 etc every day. Submit now and you'll get it tomorrow
[2016-06-14 15:19:42] BTCDJS : UTC
[2016-06-14 15:19:55] rapidtrades : also profits will be held until then as well
[2016-06-14 15:20:17] REKT : Liquidated long on `XBTUSD`: Sell 2000 @ 677.99
[2016-06-14 15:20:21] REKT : Liquidated long on `XBTM16`: Sell 3331 @ 692.39
[2016-06-14 15:20:21] REKT : Next stop - goblin town!
[2016-06-14 15:20:33] REKT : Liquidated long on `XBTU16`: Sell 5095 @ 843.70
[2016-06-14 15:20:33] REKT : Liquidated long on `XBTUSD`: Sell 18000 @ 675.78
[2016-06-14 15:20:35] BitMEX_Sam : A "pending" cash rebalance is essentially the next one
[2016-06-14 15:20:37] REKT : Liquidated long on `XBTUSD`: Sell 10171 @ 675.59
[2016-06-14 15:20:38] REKT : Liquidated long on `XBTUSD`: Sell 1275 @ 675.07
[2016-06-14 15:20:38] REKT : Liquidated long on `XBTUSD`: Sell 2500 @ 675.35
[2016-06-14 15:20:38] REKT : Liquidated long on `XBTUSD`: Sell 879 @ 675.49
[2016-06-14 15:20:39] BitMEX_Sam : it is a way to measure your pending profit/loss
[2016-06-14 15:21:21] rapidtrades : they used to release 50% of them per 8 hrs but doubt they do that with current vol
[2016-06-14 15:21:43] rapidtrades : i hate every bitcoin exchange ever
[2016-06-14 15:21:58] rapidtrades : laggu POS, each and every one
[2016-06-14 15:22:07] rentchev : rapidtrades: you need some meditation
[2016-06-14 15:22:25] rapidtrades : rentchev: like what? can u recommend smth
[2016-06-14 15:22:43] rentchev : sure
[2016-06-14 15:23:11] BTCDJS : Finex is painting the streets red
[2016-06-14 15:23:35] rentchev : rapidtrades: https://www.tm.org/
[2016-06-14 15:23:52] rentchev : this should get you started
[2016-06-14 15:24:39] rapidtrades : sry i don't click on .org websites out of principle
[2016-06-14 15:25:24] Mr Blue : bitcoin.org
[2016-06-14 15:25:51] rentchev : ttyl guys
[2016-06-14 15:26:03] rapidtrades : u won't be missed
[2016-06-14 15:26:24] GingerDan : rapidtrades: you long or short?
[2016-06-14 15:26:44] rapidtrades : net long overall
[2016-06-14 15:26:55] GingerDan : k. I need to short...
[2016-06-14 15:26:59] boxagox : hi guys, I wonder why there are no take profit order type in bitmex... take-profit/limit or take-profit/market
[2016-06-14 15:27:10] rapidtrades : limits are take profits
[2016-06-14 15:27:18] elmorte : boxagox: probably just called differently
[2016-06-14 15:27:27] GingerDan : yeh, use limits and stops
[2016-06-14 15:27:48] rapidtrades : if u place them in the right direction and same size of course :)
[2016-06-14 15:28:07] boxagox : I mean take-profit as the opposite of stop-loss ...
[2016-06-14 15:28:22] kogroken : I guess technically bitmex doesn't differentiate between opening a short or closing a long. While a take profit order would just close the long (and not open shorts if there is not enough longs to close)
[2016-06-14 15:28:28] rapidtrades : what i said right above u @boxagox
[2016-06-14 15:29:02] rapidtrades : use limit and same size as ur current position u want to close
[2016-06-14 15:29:55] boxagox : @rapidtrades okay thanks
[2016-06-14 15:31:04] arbitrage001 : what's up with the huge spread
[2016-06-14 15:31:18] rapidtrades : its cool
[2016-06-14 15:31:22] arbitrage001 : the swap is finally not tradable?
[2016-06-14 15:31:39] rapidtrades : spreads are always big here when things move
[2016-06-14 15:31:51] arbitrage001 : i dont see anything moving
[2016-06-14 15:31:57] luckynuke : next support 678 and 658
[2016-06-14 15:31:58] rapidtrades : lol
[2016-06-14 15:32:04] rapidtrades : at @arbitrage001
[2016-06-14 15:32:38] BitMEX_Sam : BFX appears down
[2016-06-14 15:32:48] rapidtrades : nope
[2016-06-14 15:32:49] arbitrage001 : BitMEX_Sam: yes
[2016-06-14 15:32:58] rapidtrades : prolly api only
[2016-06-14 15:33:00] arbitrage001 : they finally decided to take over money and run
[2016-06-14 15:33:05] arbitrage001 : our money
[2016-06-14 15:33:11] BitMEX_Sam : Site's not loading here either
[2016-06-14 15:33:12] rapidtrades : bitfinex?
[2016-06-14 15:33:14] arbitrage001 : still have 0.07 on it
[2016-06-14 15:33:21] BitMEX_Sam : We have had a DDoS going around, could be that or just too much general load
[2016-06-14 15:33:36] BitMEX_Sam : Could do a blog post on it if anyone's interested in details
[2016-06-14 15:34:00] rapidtrades : talking about finex? its up for me but too afraid to reload
[2016-06-14 15:34:06] rapidtrades : okc was down earlier for a bit
[2016-06-14 15:34:10] j8 : i have 502's from bfx also
[2016-06-14 15:34:16] arbitrage001 : i just login bitfinex
[2016-06-14 15:34:23] j8 : but ws still coming through
[2016-06-14 15:34:25] rapidtrades : up for me
[2016-06-14 15:34:30] arbitrage001 : my location is kl, malaysia
[2016-06-14 15:34:40] cengel : @bitmex_sam that would be interesting to read, yes.
[2016-06-14 15:34:47] justinlooking : +1
[2016-06-14 15:35:01] arbitrage001 : bft last price 676.08
[2016-06-14 15:35:05] rapidtrades : no problems, just reloaded
[2016-06-14 15:35:25] arbitrage001 : 1% + premium
[2016-06-14 15:35:46] rapidtrades : cengel: <<<<<isn't this the guy that wanted chat disabled cos he was too weak willed to not open it
[2016-06-14 15:36:21] cengel : It wasn't about will but preference to open and close as I choose. I chose to reopen.
[2016-06-14 15:36:55] BTCDJS : rapidtrades: yup thats the guy
[2016-06-14 15:36:58] justinlooking : ignore him cengel, trolls gunna troll
[2016-06-14 15:37:18] rapidtrades : BTCDJS: i knew that was the guy
[2016-06-14 15:37:35] cengel : There was a time, long long ago, that this Trollbox didn't suck.
[2016-06-14 15:37:37] cengel : Hard to believe, but it's true.
[2016-06-14 15:37:46] j8 : anyone else miss having sleger around? it just doesn't feel the same
[2016-06-14 15:37:53] rapidtrades : ok grandpa @cengel
[2016-06-14 15:37:53] elmorte : BitMEX_Sam: yes plz
[2016-06-14 15:37:57] arbitrage001 : j8: of course
[2016-06-14 15:38:01] BTCDJS : rapidtrades: me too. but I'm trolling ?
[2016-06-14 15:38:09] arbitrage001 : we all know slegar is legendary trader
[2016-06-14 15:38:13] rapidtrades : j8: yeah me too but nothing can be done i guess
[2016-06-14 15:38:15] arbitrage001 : way above my league for sure
[2016-06-14 15:38:24] j8 : that guy pissed me off for quite a while then he grew on me
[2016-06-14 15:38:30] 1QaZxSw2 : they see me trolling, they hating
[2016-06-14 15:38:31] elmorte : arbitrage001: orders of magnitude for me
[2016-06-14 15:38:47] arbitrage001 : j8: we all respected knowlegable people
[2016-06-14 15:38:53] arbitrage001 : even if they are ass
[2016-06-14 15:38:58] j8 : yup
[2016-06-14 15:40:25] BTCDJS : Yeah he was a great teacher. He just showed people their stupidity and it made them question it. If they didn't have a big ego
[2016-06-14 15:41:17] elmorte : I loved that story about wrecking a Maserati...made me feel feels
[2016-06-14 15:46:52] zanza : should we start a GoFundMe to get Sleger back here?
[2016-06-14 15:47:09] rapidtrades : as in pay his 10k? lol
[2016-06-14 15:47:11] BTCDJS : get him his 10k back?
[2016-06-14 15:47:14] j8 : it's not about the money
[2016-06-14 15:47:40] rapidtrades : yeah i think he didn't like how they changed the rules
[2016-06-14 15:48:40] BTCDJS : he will probably get over it tho and come back
[2016-06-14 15:49:23] j8 : he takes this stuff pretty seriously, there have a been a bunch of times where he wasn't happy with the way things were being operated... this was the last straw. that's my take on it anyway
[2016-06-14 15:53:16] BTCDJS : shame. Who is going to point out when I say stupid things or have the wrong ideas? I give you all permission to fill that roll.
[2016-06-14 15:53:36] BTCDJS : role
[2016-06-14 15:53:41] elmorte : BTCDJS: shut up, you're awesome
[2016-06-14 15:53:57] BTCDJS : elmorte: I'm learning still
[2016-06-14 15:54:17] BTCDJS : need someone like slugger to rip my ego apart. its good
[2016-06-14 15:54:24] BTCDJS : sleger
[2016-06-14 15:54:38] elmorte : shouldn't carry an ego then :p
[2016-06-14 15:54:48] elmorte : check it at the door
[2016-06-14 15:54:51] zanza : whats better than here tho?
[2016-06-14 15:54:54] zanza : no one else offers 100x
[2016-06-14 15:55:04] zanza : okc has clawbacks
[2016-06-14 15:55:09] elmorte : zanza: I was gonna say...if he has it better somewhere else, then good for hm
[2016-06-14 15:55:36] BTCDJS : he may be back for that reason alone
[2016-06-14 15:55:39] j8 : BTCDJS: i can start being mean to you if you want
[2016-06-14 15:57:39] BTCDJS : j8: wasn't just mean. It was... instructive? I can't think of the right word. Like something a guru does to point the way
[2016-06-14 15:57:39] j8 : zanza: he traded with low leverage anyway, definitely less than 10x, and okc clawback risk is definitely less than this swap
[2016-06-14 15:57:53] zanza : smart traders use low leverage :)
[2016-06-14 15:58:00] zanza : i learned bad lessons lol
[2016-06-14 15:58:32] j8 : yeah, gotta find the sweet spot where your returns are amplified but your positions are safe
[2016-06-14 15:58:41] elmorte : expensive ones, too
[2016-06-14 15:59:09] zanza : i had a 90k conract liq here before
[2016-06-14 16:00:11] zanza : lot of bitcoin "traders" are basically just dice/gamblers
[2016-06-14 16:00:17] elmorte : I lost 4 BTC I think...it was on Eth though so can't really compare the contract sizes....
[2016-06-14 16:00:19] BTCDJS : zanza: but with bigger margin your loss will be bigger no? Cut losses run winners and all that?
[2016-06-14 16:00:44] zanza : maybe
[2016-06-14 16:00:47] elmorte : BTCDJS: wouldn't be a loss if we had margin to cover the temporary fluctuation
[2016-06-14 16:00:55] elmorte : in my case anyway...
[2016-06-14 16:01:24] BTCDJS : elmorte: how do you know its temporary? it could just go down and down and down until its gone
[2016-06-14 16:01:31] rentchev : it's more of orders size for me
[2016-06-14 16:01:38] j8 : you can still use stop orders
[2016-06-14 16:01:45] rentchev : exactly
[2016-06-14 16:01:50] elmorte : Because it came back up after I got liq'd
[2016-06-14 16:01:56] elmorte : It was a bit of a flash crash
[2016-06-14 16:01:56] rentchev : I don't set my leverage
[2016-06-14 16:01:58] arbitrage001 : why o why is btc going down
[2016-06-14 16:02:08] arbitrage001 : why did it went up
[2016-06-14 16:02:12] arbitrage001 : and now down
[2016-06-14 16:02:12] elmorte : arbitrage001: short BitX or do nothing?
[2016-06-14 16:02:14] rentchev : I use less than 5% of my account on any trade
[2016-06-14 16:02:17] rentchev : and use stops
[2016-06-14 16:02:25] rentchev : then I don't care what the leverage is at all
[2016-06-14 16:02:38] elmorte : rentchev: I think I'm on 2%...
[2016-06-14 16:02:38] arbitrage001 : elmorte: you have extra btc on hand?
[2016-06-14 16:02:46] elmorte : 16ish...
[2016-06-14 16:02:53] arbitrage001 : elmorte: coinbox has like rm150 premium two hours ago
[2016-06-14 16:02:57] arbitrage001 : probably more now
[2016-06-14 16:03:03] elmorte : fck that place man
[2016-06-14 16:03:24] elmorte : seriously..1.3% on withdrawals without notice
[2016-06-14 16:03:42] arbitrage001 : elmorte: rm 200 premium now
[2016-06-14 16:03:46] arbitrage001 : 1% withdraw
[2016-06-14 16:03:48] elmorte : hmm....
[2016-06-14 16:04:00] arbitrage001 : elmorte: still make 170 per btc
[2016-06-14 16:04:04] arbitrage001 : after fee
[2016-06-14 16:04:13] elmorte : arbitrage001: 1% or more if your volume exceeds a certain threshold, no?
[2016-06-14 16:04:21] arbitrage001 : no
[2016-06-14 16:04:42] 1QaZxSw2 : gdax is pure spot, right?
[2016-06-14 16:04:56] elmorte : 2955 coinbox, 2933 bitx
[2016-06-14 16:05:03] 1QaZxSw2 : they call it gaydax for a reason
[2016-06-14 16:05:18] elmorte : 1QaZxSw2: Coz of the Vinklevoss twins?
[2016-06-14 16:05:18] arbitrage001 : about same then
[2016-06-14 16:05:21] arbitrage001 : bitx 1% fee
[2016-06-14 16:05:25] elmorte : yah...
[2016-06-14 16:05:31] 1QaZxSw2 : gdax is coinbase
[2016-06-14 16:05:32] arbitrage001 : normally i would filled
[2016-06-14 16:05:34] elmorte : I got some promo, down to 0.5% for june
[2016-06-14 16:05:41] arbitrage001 : but the funding rate too attrative here
[2016-06-14 16:05:51] arbitrage001 : attractive
[2016-06-14 16:05:58] elmorte : That's what I was mentioning to you the other day
[2016-06-14 16:06:04] arbitrage001 : and i am stucked with a lot of ringgit in my bank
[2016-06-14 16:06:19] elmorte : Hey, how's your LBTC doing?
[2016-06-14 16:06:19] arbitrage001 : and rm keeps dropping
[2016-06-14 16:06:28] arbitrage001 : lbtc?
[2016-06-14 16:06:40] elmorte : That's how I got into BTC....when we started going from 3.3 towards 4 with the USD
[2016-06-14 16:06:52] elmorte : localbitcoins....that's you, no? Same username
[2016-06-14 16:06:57] arbitrage001 : yes
[2016-06-14 16:07:00] arbitrage001 : not selling
[2016-06-14 16:07:06] elmorte : 1000+ trades & stuff...
[2016-06-14 16:07:08] arbitrage001 : only buying, need to get RM out
[2016-06-14 16:07:12] elmorte : that's a lotta time
[2016-06-14 16:07:21] arbitrage001 : lol, not good lol
[2016-06-14 16:07:27] arbitrage001 : when you have high volume
[2016-06-14 16:07:35] arbitrage001 : authority pokes at you
[2016-06-14 16:07:41] elmorte : oh, for real?
[2016-06-14 16:07:54] arbitrage001 : not going to say more to get me into trouble
[2016-06-14 16:07:59] elmorte : damn....yup, no worries
[2016-06-14 16:08:37] REKT : Liquidated long on `XBTUSD`: Sell 2900 @ 674.02
[2016-06-14 16:08:37] REKT : Liquidated long on `XBTUSD`: Sell 250000 @ 674.20 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-06-14 16:08:43] arbitrage001 : author and his team are smart
[2016-06-14 16:08:47] arbitrage001 : not dealing with fiat currency
[2016-06-14 16:08:51] arbitrage001 : only btc
[2016-06-14 16:08:58] 1QaZxSw2 : rektisburg address
[2016-06-14 16:09:09] arbitrage001 : no government have the authrity to check bitmex
[2016-06-14 16:09:15] arbitrage001 : authority
[2016-06-14 16:09:32] arbitrage001 : except the goverment which bitmex registered in
[2016-06-14 16:10:15] arbitrage001 : oh shit
[2016-06-14 16:10:18] arbitrage001 : dpe again
[2016-06-14 16:10:25] arbitrage001 : this time, i will be affected
[2016-06-14 16:10:57] REKT : Liquidated long on `XBTUSD`: Sell 580 @ 673.56
[2016-06-14 16:11:03] j8 : arbitrage001: good time to close
[2016-06-14 16:11:23] arbitrage001 : j8: no place to park the money
[2016-06-14 16:11:25] elmorte : j8: you reckon? no downmoon?
[2016-06-14 16:12:59] justinlooking : dammit!
[2016-06-14 16:13:12] elmorte : justinlooking: break the chart again?
[2016-06-14 16:13:16] NukeLaloosh : some interesting market making going on over at ethxbt right now
[2016-06-14 16:13:19] muf : price of eth is too high here
[2016-06-14 16:13:32] BTCDJS : boy am I glad that I shorted
[2016-06-14 16:13:42] elmorte : BTCDJS: don't jinx it
[2016-06-14 16:14:16] markimarki : pnl is calculated with mark price?
[2016-06-14 16:14:37] markimarki : how does mark price is calculated?
[2016-06-14 16:14:44] BTCDJS : elmorte: don't worry mate. It'll retrace to 580-590 area. if it doesn't then I'm a goldfish
[2016-06-14 16:14:53] elmorte : Click on the mark price and it will tell you
[2016-06-14 16:15:25] BTCDJS : elmorte: trust me. Im a roofer
[2016-06-14 16:15:33] justinlooking : lol
[2016-06-14 16:15:49] elmorte : BTCDJS: is that what Cosby did mate?
[2016-06-14 16:15:58] markimarki : so pnl is "false"?
[2016-06-14 16:16:18] arbitrage001 : markimarki: pnl is estimated
[2016-06-14 16:16:18] elmorte : markimarki: there's 2...which one?
[2016-06-14 16:16:30] BTCDJS : elmorte: cosby is innocent
[2016-06-14 16:16:37] elmorte : rapologist!
[2016-06-14 16:16:45] markimarki : elmorte: at the open positions
[2016-06-14 16:17:00] elmorte : ROE? Yeah, don't look at that
[2016-06-14 16:17:47] markimarki : so what is the purpose of that?
[2016-06-14 16:17:51] elmorte : Realised PNL & difference between your entry price and last traded price is your best estimate at PNL
[2016-06-14 16:18:27] markimarki : ok i see know thanks
[2016-06-14 16:18:29] elmorte : markimarki: Arthur the CEO is old school
[2016-06-14 16:18:39] markimarki : :D
[2016-06-14 16:25:09] blackwhite : Bitmex guys, can you tell in clear what happens if the spot trades with discount for 8 hours? I kinda puzzled with your bitfinex maximum equation
[2016-06-14 16:25:21] blackwhite : for the funding rate
[2016-06-14 16:26:16] arbitrage001 : blackwhite: i like to know also
[2016-06-14 16:26:22] elmorte : Back in the day, the spread was very tight around the mark price...so Unrealised PNL reflected a good estimate to add on to your Realised PNL @markimarki.
[2016-06-14 16:26:23] Juba : #makeliquidtygreatagain
[2016-06-14 16:26:23] BitMEX_Arthur : blackwhite: first thing is that the funding rate can't change by more than 75% of the maintenance margin, so for XBTUSD that's 0.375%
[2016-06-14 16:27:26] BitMEX_Arthur : so even if the premium was negative for this 8 hour period, the lowest the rate can go is +0.0549%
[2016-06-14 16:27:56] blackwhite : how calced?
[2016-06-14 16:28:15] arbitrage001 : if discount presist after next one?
[2016-06-14 16:28:24] BitMEX_Arthur : https://www.bitmex.com/app/index/.XBTUSDPI
[2016-06-14 16:28:26] arbitrage001 : just like to know if negative rate is possible
[2016-06-14 16:28:30] elmorte : We're going negative rate @arbitrage001
[2016-06-14 16:28:30] BitMEX_Arthur : It is possible
[2016-06-14 16:28:38] elmorte : Shorts pay longs
[2016-06-14 16:28:38] arbitrage001 : or the lowst bound is bfx lending rate
[2016-06-14 16:29:00] BitMEX_Arthur : if the premium is negative and bfx rate spread is positive, the swap funding rate will reflect the premium or be negative
[2016-06-14 16:29:01] BitMEX_Arthur : for that period
[2016-06-14 16:29:35] arbitrage001 : ok thank you
[2016-06-14 16:29:36] BitMEX_Arthur : if the premium and bfx rate were positive, but premium was lower than bfx rate, we would use the bfx rate
[2016-06-14 16:29:37] blackwhite : then it is not a max of 2 values
[2016-06-14 16:29:43] arbitrage001 : i will know what to do when negative rate hit
[2016-06-14 16:29:51] elmorte : BitMEX_Arthur: The amount of times it's been repeated in here, by now surely you could have put it in the docs too, no?
[2016-06-14 16:30:02] elmorte : So we have a clear reference
[2016-06-14 16:30:12] BitMEX_Arthur : we have slightly amended the docs to include some more examples, it will be live shortly
[2016-06-14 16:30:16] REKT : Liquidated long on `XBTUSD`: Sell 65 @ 673.38
[2016-06-14 16:30:32] elmorte : Cheers mate
[2016-06-14 16:30:40] blackwhite : still don't i get where come 0.0549%
[2016-06-14 16:30:44] arbitrage001 : BitMEX_Arthur: pleasesend out email like last few changes
[2016-06-14 16:30:52] BitMEX_Arthur : https://www.bitmex.com/app/swapsGuide
[2016-06-14 16:31:06] arbitrage001 : being traders here is dangerous
[2016-06-14 16:31:06] elmorte : blackwhite: current rate - maximum allowed change
[2016-06-14 16:31:15] BitMEX_Arthur : There have been no changes, we have just updated the doc to include answers to frequently asked questions
[2016-06-14 16:31:19] arbitrage001 : rules keep changing
[2016-06-14 16:31:26] BitMEX_Arthur : there have been no changes to the methodology since the last announcement
[2016-06-14 16:31:32] REKT : Liquidated long on `XBTM16`: Sell 6 @ 691.49
[2016-06-14 16:31:41] REKT : Liquidated long on `XBTUSD`: Sell 1300 @ 672.89
[2016-06-14 16:33:08] blackwhite : and the maximum allowed change is =?
[2016-06-14 16:33:20] BitMEX_Arthur : 75% of the maintenance margin
[2016-06-14 16:33:26] BitMEX_Arthur : for XBTUSD that is 0.375%
[2016-06-14 16:33:34] BitMEX_Arthur : so each 8 hours the rate can only go up or down by that amount
[2016-06-14 16:33:43] elmorte : Okc < 675 :o
[2016-06-14 16:33:51] blackwhite : ok so now if i see 0.4299
[2016-06-14 16:34:16] BitMEX_Arthur : that is the announced rate to be charged at 20:00 UTC
[2016-06-14 16:34:26] blackwhite : then next one 0.4299-0.375=0.05
[2016-06-14 16:34:34] BitMEX_Arthur : that's the minimum it can go
[2016-06-14 16:34:43] BitMEX_Arthur : and the maximum is 0.4299% + 0.375%
[2016-06-14 16:34:49] arbitrage001 : elmorte: you know bitx and coinbox price will probably remain same?
[2016-06-14 16:34:57] arbitrage001 : since it is past midnight here
[2016-06-14 16:35:01] blackwhite : and the 04:00 can then be negative already right?
[2016-06-14 16:35:19] BitMEX_Arthur : blackwhite: Yes the rate can be negative which means shorts pay longs
[2016-06-14 16:35:24] elmorte : arbitrage001: true...
[2016-06-14 16:35:37] elmorte : but I hate waking up early :)
[2016-06-14 16:35:41] arbitrage001 : wait for price to drop futher
[2016-06-14 16:35:56] arbitrage001 : the deposit is automated
[2016-06-14 16:36:02] arbitrage001 : sell then withdraw fiat
[2016-06-14 16:36:23] elmorte : I don't need to withdraw immediately....unless you have a better plan?
[2016-06-14 16:36:33] elmorte : I'd rather short now then buy back tom
[2016-06-14 16:36:36] REKT : Liquidated long on `XBTUSD`: Sell 120 @ 670.82
[2016-06-14 16:36:40] arbitrage001 : coinbox is shady as you said
[2016-06-14 16:36:45] arbitrage001 : not sure about bitx
[2016-06-14 16:36:48] blackwhite : is there an absolute limit on funding rate&
[2016-06-14 16:36:54] arbitrage001 : i know colbert is shady
[2016-06-14 16:37:06] elmorte : arbitrage001: don't wanna jinx it but they've been great
[2016-06-14 16:37:21] BitMEX_Arthur : blackwhite: Yes 75% of Initial Margin - Maintenance Margin
[2016-06-14 16:37:22] elmorte : they pay transfer fees for you, too
[2016-06-14 16:37:31] BitMEX_Arthur : so for XBTUSD that is +-1.125%
[2016-06-14 16:37:33] arbitrage001 : you know bitx is traded in the US otc market?
[2016-06-14 16:37:42] elmorte : BTC transfer
[2016-06-14 16:37:50] elmorte : I heard about them from itBit I think...
[2016-06-14 16:38:18] elmorte : arbitrage001: is that bad?
[2016-06-14 16:38:25] arbitrage001 : yes
[2016-06-14 16:38:29] elmorte : how come?
[2016-06-14 16:38:34] arbitrage001 : otc market is shark eat shark world
[2016-06-14 16:38:53] elmorte : so you wouldn't keep coins there you mean?
[2016-06-14 16:38:57] REKT : Liquidated long on `XBTUSD`: Sell 2 @ 668.66 :punch: :whale:
[2016-06-14 16:38:57] REKT : Liquidated long on `XBTUSD`: Sell 7784 @ 668.62
[2016-06-14 16:38:57] REKT : Next stop - goblin town!
[2016-06-14 16:38:59] arbitrage001 : yes
[2016-06-14 16:39:22] arbitrage001 : actually, putting coin anywhere is risky
[2016-06-14 16:39:26] REKT : Liquidated long on `XBTUSD`: Sell 2035 @ 668.02
[2016-06-14 16:39:34] BTCDJS : elmorte: even here
[2016-06-14 16:39:45] elmorte : yeah, I understand that....but to take advantage of the situation, you need to have some funds available
[2016-06-14 16:39:48] arbitrage001 : who would have thought mtgox went belly up? when they monopolize btc trading
[2016-06-14 16:39:51] REKT : Liquidated long on `XBTUSD`: Sell 4435 @ 667.17
[2016-06-14 16:40:27] elmorte : oooh....we're crashing....
[2016-06-14 16:40:36] arbitrage001 : yes, i am worry about dpe
[2016-06-14 16:40:52] elmorte : :/
[2016-06-14 16:40:56] BTCDJS : arbitrage001: you long?
[2016-06-14 16:41:00] arbitrage001 : as funding decrease, i dont see a reason to short here
[2016-06-14 16:41:16] elmorte : DPE would be on the profits @BTCDJS :)
[2016-06-14 16:41:34] BTCDJS : elmorte: for shorts?
[2016-06-14 16:41:40] elmorte : for anyone
[2016-06-14 16:41:54] chromaticcr1 : elmorte: ohh.. we are crshing balls
[2016-06-14 16:42:00] arbitrage001 : BTCDJS: the price itself has no effect on people using 1 to 1 leverage
[2016-06-14 16:42:01] elmorte : you're just used to bull runs :p
[2016-06-14 16:42:05] BTCDJS : elmorte: dpe is 0% tho
[2016-06-14 16:42:10] elmorte : for now...
[2016-06-14 16:42:11] arbitrage001 : swap is just USD
[2016-06-14 16:42:44] arbitrage001 : synthetic USD
[2016-06-14 16:42:46] elmorte : but if we crash a lot...and longs get liqd....
[2016-06-14 16:42:50] arbitrage001 : as someone pointed out before
[2016-06-14 16:42:51] elmorte : that's what arb is talking about
[2016-06-14 16:42:59] BTCDJS : arbitrage001: yes I understand that
[2016-06-14 16:44:14] BTCDJS : so Im short from 675. How will I be affected if that happens?
[2016-06-14 16:44:37] arbitrage001 : your profit will take a hair cut if dpe hit
[2016-06-14 16:45:08] BTCDJS : arbitrage001: and what causes doe to hit?
[2016-06-14 16:45:15] BTCDJS : DPE
[2016-06-14 16:45:24] arbitrage001 : dude
[2016-06-14 16:45:29] arbitrage001 : you new to trading?
[2016-06-14 16:45:36] BTCDJS : yes 1 year
[2016-06-14 16:45:41] arbitrage001 : same reason caused margin call
[2016-06-14 16:45:46] BTCDJS : on and off spare time
[2016-06-14 16:49:05] BTCDJS : arbitrage001: Im a roofer. Im new. But we all got to start somewhere.
[2016-06-14 16:50:01] elmorte : BTCDJS: your short means someone promised to buy from you at 675...now, if their liqd price is 665, and the mark hits that slowly, hopefully Bitmex liqs them at a favourable price so that you can still get your USD at 675/BTC. If the price drops to 655 too quickly for Bitmex to liquidate the counterparty at 665, that means there is not enough margin to cover your profit. Therefore you take a cut of your profit.
[2016-06-14 16:50:35] arbitrage001 : yes. but normally people start small and at a more simple place
[2016-06-14 16:50:55] elmorte : Bitmex is not going to compensate you for that difference
[2016-06-14 16:51:05] arbitrage001 : dpe hit when order gets margin called and the order wasn't able to filled
[2016-06-14 16:52:14] arbitrage001 : hah, we are back to premium mode
[2016-06-14 16:53:27] REKT : Liquidated long on `XBTUSD`: Sell 6258 @ 665.01
[2016-06-14 16:54:03] BTCDJS : arbitrage001: It doesn't matter. Its all a learning experience no matter which way you go. But I am playing small. I already past the gambler phase. My ego already explored and observed. For now I just need to understand funding. So if you don't mind answering my questions I would like to know what it all means.
[2016-06-14 16:54:12] zanza : RIParino Bitcoin 2016
[2016-06-14 16:54:23] BTCDJS : elmorte: Very good explanation. Thank you. I get it
[2016-06-14 16:55:01] arbitrage001 : BTCDJS: funding means the price long paid to long bt
[2016-06-14 16:55:39] arbitrage001 : right now, it is positive. You can view it as interest you pay to get leverage
[2016-06-14 16:55:56] NukeLaloosh : is polo getting goxxed? big discounts
[2016-06-14 16:56:11] arbitrage001 : NukeLaloosh: what discount
[2016-06-14 16:56:29] NukeLaloosh : btc at 593
[2016-06-14 16:56:33] elmorte : whaaaa
[2016-06-14 16:56:37] NukeLaloosh : eth at $15.6
[2016-06-14 16:56:57] arbitrage001 : BTCDJS: btw, if you are using higher than 5 times leverage, you are gambling
[2016-06-14 16:57:17] BTCDJS : arbitrage001: not if my entry is good
[2016-06-14 16:57:46] elmorte : I think that's more of a reflection on USDT @NukeLaloosh
[2016-06-14 16:58:21] arbitrage001 : BTCDJS: what is good entry?
[2016-06-14 16:58:33] NukeLaloosh : elmorte: i'm showing bitfinex eth at usd 17.28
[2016-06-14 16:58:47] elmorte : Who backs USDT? Someone in here knows...
[2016-06-14 16:58:59] elmorte : It's an IOU from...polo itself?
[2016-06-14 16:59:28] elmorte : NukeLaloosh: basically USDT > USD at this point...
[2016-06-14 16:59:41] NukeLaloosh : ahh
[2016-06-14 17:00:18] NukeLaloosh : thought usdt was just their taxonomy for usd
[2016-06-14 17:00:46] BTCDJS : arbitrage001: I entered this short at 675.07. I did it because I think there will be a good retrace either to 625-630 or extreme 580-590. I have a trailing stop. As long as we keep going down now I am in profit.
[2016-06-14 17:01:03] elmorte : No...it's an IOU backed by an exchange....Arthur was discussing it here with someone else a while back
[2016-06-14 17:01:33] arbitrage001 : BTCDJS: if you have stop and enforce your own rules, then good
[2016-06-14 17:01:43] elmorte : prob sleger, tscha, j8...one of them smart ones :)
[2016-06-14 17:02:06] BTCDJS : NukeLaloosh: USDT is a synthetic USD
[2016-06-14 17:02:15] BTCDJS : as far as I know
[2016-06-14 17:02:19] NukeLaloosh : i see, thanks
[2016-06-14 17:02:24] BTCDJS : No bank accounts
[2016-06-14 17:02:34] messiaen8844 : 600 here we come
[2016-06-14 17:02:59] arbitrage001 : 150 here we comes
[2016-06-14 17:03:08] arbitrage001 : this time, i will sure buy at 150
[2016-06-14 17:03:12] IChTj4OeMavRq6qeIyEb : messiaen8844: Did you mean 675
[2016-06-14 17:03:12] IChTj4OeMavRq6qeIyEb : ?
[2016-06-14 17:03:33] BTCDJS : arbitrage001: I will take out a bank loan to buy at 150!!
[2016-06-14 17:03:55] BTCDJS : JK
[2016-06-14 17:04:01] arbitrage001 : BTCDJS: funny btc cummity was quiet when it hit 150
[2016-06-14 17:04:03] luckynuke : polo below 600 wtf
[2016-06-14 17:04:06] arbitrage001 : cummunity
[2016-06-14 17:04:08] messiaen8844 : today maybe IChT, in a few days 600
[2016-06-14 17:04:10] arbitrage001 : community
[2016-06-14 17:04:30] NukeLaloosh : anyone want to explain what is happening here on ethxbt?
[2016-06-14 17:05:10] messiaen8844 : Not sure but maybe there are some unfilled liquidations keeping price up
[2016-06-14 17:05:17] messiaen8844 : or MM messing us
[2016-06-14 17:05:36] messiaen8844 : if nobody sells premium keeps going up
[2016-06-14 17:06:09] arbitrage001 : messiaen8844: bfn last price was 664
[2016-06-14 17:06:29] arbitrage001 : bitstamp 668.86
[2016-06-14 17:06:31] messiaen8844 : bfn?
[2016-06-14 17:06:40] arbitrage001 : bitfine
[2016-06-14 17:07:02] messiaen8844 : was talking about eth premium
[2016-06-14 17:07:13] arbitrage001 : o
[2016-06-14 17:07:45] elmorte : I've reduced my loss from 3.2 XBT to 1.58....gonna sleep well tonite :)
[2016-06-14 17:07:56] NukeLaloosh : messiaen8844: definitely MM messing with us. i can't even buy this dip. it's at a 9% premium here?? wt actual f
[2016-06-14 17:08:23] messiaen8844 : swaps gone crazy lately
[2016-06-14 17:08:33] arbitrage001 : NukeLaloosh: you can buy elsewhere and sell here for 9% premium then
[2016-06-14 17:08:45] messiaen8844 : by the way, don't trade XBJ, market maker will fuck you too if it moves against you
[2016-06-14 17:08:56] BTCDJS : stop triggered
[2016-06-14 17:09:09] NukeLaloosh : arbitrage001: i can't bring in eth here
[2016-06-14 17:09:26] elmorte : BTCDJS: I bailed at 660
[2016-06-14 17:09:30] elmorte : was short at 675 too
[2016-06-14 17:10:02] BTCDJS : elmorte: it was that damn spike. I think its still going down though
[2016-06-14 17:10:11] elmorte : could be
[2016-06-14 17:10:39] elmorte : that's why I kept some contracts in short...
[2016-06-14 17:10:46] BTCDJS : elmorte: looks like a slow descent rather than a flash crash
[2016-06-14 17:10:54] elmorte : lowered to 655 but never reached it
[2016-06-14 17:11:47] elmorte : the thing with charts is it can look like whatever you want depending on your zoom...
[2016-06-14 17:12:16] BTCDJS : elmorte: next place to short may be 672
[2016-06-14 17:12:20] arbitrage001 : elmorte: henc ta is garbabge
[2016-06-14 17:12:35] NukeLaloosh : arbitrage001: yes i can cash and carry and wait for rebalance , but even that doesnt guarantee me a clean exit here
[2016-06-14 17:12:38] elmorte : arbitrage001: that's what I learned in school, yes
[2016-06-14 17:13:06] arbitrage001 : elmorte: there is trading school?
[2016-06-14 17:13:06] luckynuke : pmp
[2016-06-14 17:13:13] jesperf : what the butt is wrong with eth spread
[2016-06-14 17:13:22] BTCDJS : elmorte: whats henc ta?
[2016-06-14 17:13:25] elmorte : arbitrage001: banking and finance :)
[2016-06-14 17:13:33] elmorte : BTCDJS: Hence, technical analysis
[2016-06-14 17:14:10] BTCDJS : elmorte: what is the hence part? what is its school of thought?
[2016-06-14 17:14:27] NukeLaloosh : jesperf: seriously
[2016-06-14 17:14:41] elmorte : The chart can be interpreted in many ways, hence TA is garbage
[2016-06-14 17:15:37] NukeLaloosh : jesperf: can't even buy this dip. price goes from 2640 to 2600, ask goes from 2740 to 2840 ?!?
[2016-06-14 17:17:36] BTCDJS : elmorte: oh
[2016-06-14 17:18:22] elmorte : The school of thought is that past is not a representation of the future....of course, that doesn't take into account that if many traders subscribe to same TA technique and influence the market in such a way, then it's a self-fulfilling prophecy.
[2016-06-14 17:18:29] elmorte : That last part they didn't teach in school
[2016-06-14 17:19:39] elmorte : Someone in here thought me that actually...could be arb himself
[2016-06-14 17:20:13] elmorte : When we were dissing Stefan_Tulips arbitrary lines on a graph...
[2016-06-14 17:21:32] elmorte : Looks like normal service is resuming in bitcoinland...
[2016-06-14 17:21:33] sizzurp : CashRebalance still pending
[2016-06-14 17:21:36] sizzurp : wtf
[2016-06-14 17:21:56] jesperf : sizzurp: look at the date
[2016-06-14 17:21:58] jesperf : it's in the future
[2016-06-14 17:22:00] elmorte : it was 5.5hrs ago...
[2016-06-14 17:22:28] sizzurp : jesperf: 2016-06-15 08:00:00
[2016-06-14 17:22:38] jesperf : ;) tomorrow
[2016-06-14 17:22:50] jesperf : it will be pending until then
[2016-06-14 17:23:01] elmorte : you never know...check every now and then
[2016-06-14 17:23:15] sizzurp : thx but dammm
[2016-06-14 17:23:38] elmorte : sizzurp: i think some will be released in 2:36
[2016-06-14 17:23:50] elmorte : if it's XBT
[2016-06-14 17:29:20] elmorte : Polo's own internal engine uses 677.9 as BTC price
[2016-06-14 17:44:59] luckynuke : woot nice long
[2016-06-14 17:48:09] jung1 : protip: I heard that gatecoin exchange want to give back all 200k lost ethereum and they want to buy it on market
[2016-06-14 17:48:16] jung1 : dont know if it true
[2016-06-14 17:48:19] jung1 : but
[2016-06-14 17:48:24] jung1 : could be fun
[2016-06-14 17:58:19] luckynuke : why so bearish
[2016-06-14 17:58:25] null : woah, bitmex is trading at a discount
[2016-06-14 17:58:50] BTCDJS : null: for longs yeah
[2016-06-14 17:58:58] null : that is so weird
[2016-06-14 17:59:15] null : we are test rabbits
[2016-06-14 17:59:20] null : for this crazy synthetic derivative
[2016-06-14 18:00:23] null : I wonder if it will jump back up in 2hr
[2016-06-14 18:02:40] j8 : the funding rate for the next period will be pretty reasonable, maybe people will buy in again, but that means there will be a premium and the period after it will be high again... we will do a lot of back and forth and maybe land on a more reasonable range
[2016-06-14 18:03:09] j8 : until fomo strikes
[2016-06-14 18:03:16] j8 : then all bets are off
[2016-06-14 18:04:21] BitMEX_Sam : Fix just landed for the flatlined index price on the chart. Refresh to get it
[2016-06-14 18:26:46] Mr Blue : so we going 800? would be nice to take most the toys away from this dump and pumper
[2016-06-14 18:32:07] Mr Blue : finex just went green candal
[2016-06-14 18:33:13] rapidtrades : dam btce dumpted to 636
[2016-06-14 18:34:12] Mr Blue : rapidtrades: 653 at the moment, but btc-e is always behind
[2016-06-14 18:34:54] rapidtrades : wat its 666
[2016-06-14 18:35:34] rapidtrades : yuan testing lows again fellas
[2016-06-14 18:35:49] Mr Blue : rapidtrades: yes sorry bitcoincharts is lagging
[2016-06-14 18:36:40] rapidtrades : bitcoincharts? just got a flashback from 2011
[2016-06-14 18:36:51] BTCDJS : Is this thing taking its time going down or reversing?
[2016-06-14 18:37:19] BTCDJS : that bounce was quite steap
[2016-06-14 18:38:02] Mr Blue : rapidtrades: it's good when the sites not been attacked lol, I think maybe some people don't like the fact it shows coinbase has the second largest volume in Bitcoin
[2016-06-14 18:38:21] Mr Blue : http://bitcoincharts.com/markets/currency/USD.html
[2016-06-14 18:38:38] rapidtrades : yeah that's a f lie
[2016-06-14 18:38:43] rapidtrades : coinbase is shit
[2016-06-14 18:38:53] Mr Blue : yet coinmarketcap doesn't even list coinbase lol something is fishy
[2016-06-14 18:39:23] Mr Blue : it's not a lie lol coinbase has second largest USD volume
[2016-06-14 18:39:41] rapidtrades : no it doesn't ya muppet
[2016-06-14 18:39:58] Mr Blue : charts don't lie
[2016-06-14 18:40:17] rapidtrades : bitcoincharts obv do lie
[2016-06-14 18:40:40] rapidtrades : i see it 3rd
[2016-06-14 18:41:01] rapidtrades : below okc
[2016-06-14 18:41:05] Mr Blue : rapidtrades: who's second in your opinion then?
[2016-06-14 18:41:51] rapidtrades : i just said it ^
[2016-06-14 18:42:12] Mr Blue : rapidtrades: ahhh possibly, but that place does leverage, and for some reason Bitcoin charts doesn't show their USD market, only yuan so I want okc on site
[2016-06-14 18:42:33] Mr Blue : i watch on site*
[2016-06-14 18:46:55] Mr Blue : hmmm careful guys looks like we're about to go down again
[2016-06-14 18:49:20] Mr Blue : large wall just came 698 range, if it decides to drop the market, we're going down to 590 easy... however I hope somebody takes all the guys toys away lol
[2016-06-14 18:49:41] Mr Blue : http://bitcoincharts.com/markets/bitfinexUSD_depth.html
[2016-06-14 18:52:26] Mr Blue : before it appeared looked set to crush 800 if buy walls moved up... god damn bears.
[2016-06-14 19:04:00] rapidtrades : dam another redistribution coming up in 1h
[2016-06-14 19:05:22] j8 : isn't this way simpler than daily settlement?