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 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?
[2016-06-14 19:05:48] rapidtrades : simpler in what way
[2016-06-14 19:06:06] j8 : in a sarcastic way
[2016-06-14 19:06:48] rapidtrades : :)
[2016-06-14 19:07:22] BitMEX_Sam : Funding rate is projected to go way down.
[2016-06-14 19:07:53] wurstgelee : j8: :D
[2016-06-14 19:08:39] Mr Blue : I tell you what guys, these filthy whales that dump 1000s of Bitcoin to buy back more BTC,, game will be over for them soon enough... dumping a market down when buyers are willing to pay more just to panic the market and get more of the stock is highly illegal I'm sure if not it should be lol, and everything is recorded on the blockchain.
[2016-06-14 19:10:59] rapidtrades : nah man its cool
[2016-06-14 19:11:13] j8 : i dunno that's fair game isn't it?
[2016-06-14 19:11:52] j8 : you can sell as much as you want. maybe if you conspire with others to manipulate the market, that's illegal
[2016-06-14 19:12:02] rapidtrades : most of them are prolly in china, so there's f*ck all we can do anyway
[2016-06-14 19:16:12] Mr Blue : it pisses me off... any whale with 10k + BTC could shit on us here for 5000 then dump the market with the rest, and buy back more off the scared bears, before pointing the market back in a positive direction... maybe it is fair game.. but only if they needed to cash out, surely must be some projection from such big move actions.
[2016-06-14 19:17:41] j8 : that's the nature of the game. it's risky to hold bitcoin, and even riskier to hold leveraged positions
[2016-06-14 19:17:46] Mr Blue : I like the fact it's a free market,, but we need some sort of protection.
[2016-06-14 19:18:30] rapidtrades : Mr Blue: protection? buy a pacifier u big baby
[2016-06-14 19:18:42] j8 : look at the stock market. something like amazon or google with tons of liquidity could gap up or down 15% on open. and people sell options
[2016-06-14 19:18:56] Mr Blue : it's insidius because it's not like they only dump on the one exchange, if they wanted to cash out they could much closer to spot, they dumping for a reason
[2016-06-14 19:19:19] Mr Blue : rapidtrades: lmao
[2016-06-14 19:20:55] BTCDJS : rapidtrades: oh no. Is he on one again?
[2016-06-14 19:21:06] Mr Blue : j8: ye but in the real work stock market, is their protection against such dumping action in order to buy back more?
[2016-06-14 19:21:24] Mr Blue : world*
[2016-06-14 19:21:27] j8 : um no there's a whole market for shorting, which is what that is
[2016-06-14 19:21:35] Mr Blue : BTCDJS: lol you love it
[2016-06-14 19:22:02] j8 : there are usually limit up / down circuit breakers
[2016-06-14 19:23:48] Mr Blue : j8: lmao, true guess I just need more Bitcoin, so I can play such moves my self, was just jealous.
[2016-06-14 19:24:04] Mr Blue : j8: circuit breakers?
[2016-06-14 19:25:18] Mr Blue : never mind I'll give it a research, nothing better to do tonight lo
[2016-06-14 19:25:24] j8 : yeah, there might be a limit of a 20% move per trading session then the market is paused. different rules on different markets, probably not all have them
[2016-06-14 19:25:46] justinlooking : normally accompanied by a preopen
[2016-06-14 19:26:00] j8 : bitfinex uses circuit breakers, they don't fully specify them though
[2016-06-14 19:26:24] j8 : and they haven't been activated in a long time
[2016-06-14 19:27:01] rapidtrades : j8: wat
[2016-06-14 19:27:08] rapidtrades : how m
[2016-06-14 19:27:13] rapidtrades : much...lag
[2016-06-14 19:27:44] j8 : what is your question
[2016-06-14 19:27:56] rapidtrades : what are the circuit breajers
[2016-06-14 19:28:11] j8 : they don't say exactly
[2016-06-14 19:28:17] rapidtrades : WAT
[2016-06-14 19:28:25] j8 : it's part of their liquidation management
[2016-06-14 19:28:26] rapidtrades : that's the dumbest thing i ever heard
[2016-06-14 19:28:31] j8 : mhmm
[2016-06-14 19:28:52] rapidtrades : u can't have circuit breakers in a decentralized market
[2016-06-14 19:29:05] j8 : bitfinex isn't decentralized
[2016-06-14 19:29:17] rapidtrades : not this shit again
[2016-06-14 19:29:44] justinlooking : is the slider above the buy/sell buttons on testnet rolling out soon?
[2016-06-14 19:30:03] j8 : pgp has said that they weren't triggered even on the flash crash to 160
[2016-06-14 19:30:34] j8 : the last time was like feb 2014 i think
[2016-06-14 19:31:23] rapidtrades : fev 10th?
[2016-06-14 19:31:39] j8 : i think so
[2016-06-14 19:32:52] j8 : stops people from manipulating the price to $0.01 and liquidating absolutely everyone at least
[2016-06-14 19:33:18] rapidtrades : no it doesn't
[2016-06-14 19:34:58] j8 : whatever you say fella
[2016-06-14 19:35:31] rapidtrades : ok fella
[2016-06-14 19:35:35] justinlooking : zzz rapid give it a rest
[2016-06-14 19:35:55] wurstgelee : as if he could do that
[2016-06-14 19:35:58] wurstgelee : ;)
[2016-06-14 19:36:31] j8 : ah we have fun, don't we
[2016-06-14 19:37:08] justinlooking : bbl
[2016-06-14 19:44:44] BitMEX_Sam : justinlooking: Not sure yet on that slider, I've been meaning to give it a design pass
[2016-06-14 19:44:57] BitMEX_Sam : They're useful but don't look great.
[2016-06-14 19:49:37] rapidtrades : are longs dead?
[2016-06-14 19:49:49] rapidtrades : looks like we won't see another freakout selling
[2016-06-14 19:52:46] j8 : all else being equal, we should be priced below mark by 0.375%, since the rate is dropping by that amount, and that's where we are
[2016-06-14 20:00:55] rapidtrades : well well....0.05%
[2016-06-14 20:08:25] BTCDJS : was that increase in price due to funding? I wasn't looking
[2016-06-14 20:08:50] j8 : yes
[2016-06-14 20:09:26] j8 : also the spot price went up a little
[2016-06-14 20:11:14] luckynuke : china 700$
[2016-06-14 20:12:05] huangyong : 0.0549%
[2016-06-14 20:16:16] j8 : you can all feel free to get long again
[2016-06-14 20:18:13] huangyong : get long
[2016-06-14 20:19:05] j8 : buy buy buy
[2016-06-14 20:37:20] 1QaZxSw2 : dont really like this move.... im afraid they will sell now
[2016-06-14 20:37:52] 1QaZxSw2 : but if it pulls back and tries again, i may enter long
[2016-06-14 20:40:38] 1QaZxSw2 : good news is there's support near 660 and i expect holders to buy dips near there
[2016-06-14 20:40:55] 1QaZxSw2 : after its already moved up, fomosexuals will enter
[2016-06-14 20:41:46] 1QaZxSw2 : smart money bought at 660 and selling now to fomos, who are buying high
[2016-06-14 20:43:01] 1QaZxSw2 : anyway, basically i dont think there is a bull trend until theres a higher low
[2016-06-14 20:44:14] BTCDJS : 1QaZxSw2: if there is a higher low. It should be at around 680
[2016-06-14 20:45:03] BTCDJS : 673-678 actually
[2016-06-14 20:45:10] 1QaZxSw2 : depends on how fast it drops. a sudden drop may mean lower, a slow series of drops may mean 680
[2016-06-14 20:45:29] 1QaZxSw2 : it could go up now quite a bit, even above 700, so you can still trade long, but need to watch carefully
[2016-06-14 20:45:47] luckynuke : china is fighting
[2016-06-14 20:45:48] BTCDJS : 1QaZxSw2: Im with you on this one
[2016-06-14 20:45:53] 1QaZxSw2 : but if you want to trade size and you want leverage, you want a better price
[2016-06-14 20:46:44] 1QaZxSw2 : i am comfortable entering long low or short high. when the dam thing is mid, i stay out because ... it could go either way
[2016-06-14 20:47:34] 1QaZxSw2 : thank god dpe is back to zero. if any bitmex folks are listening. whatever you did to bring it to zero, thank you
[2016-06-14 20:47:36] BTCDJS : 1QaZxSw2: I was hoping for a retrace to low 600s. But this may be it for the retrace. though the 1d chart leads me to believe there is still some more room down
[2016-06-14 20:47:48] luckynuke : china trades btc still above 700
[2016-06-14 20:47:59] luckynuke : they are fighting at 705
[2016-06-14 20:48:14] 1QaZxSw2 : cant blame china. govt is trying to f___ the yuan
[2016-06-14 20:48:19] BTCDJS : luckynuke: isn't china asleep?
[2016-06-14 20:48:28] 1QaZxSw2 : heck i would move most of my coin to btc if i was in china
[2016-06-14 20:48:36] 1QaZxSw2 : i mean most of my yuan
[2016-06-14 20:48:47] 1QaZxSw2 : but think like a chinese citizen
[2016-06-14 20:48:59] 1QaZxSw2 : your country has decided to f__ the currency
[2016-06-14 20:49:13] 1QaZxSw2 : but does that mean you will pay any damn price for btc?
[2016-06-14 20:49:19] luckynuke : BTCDJS: markets are open 24/7
[2016-06-14 20:49:21] 1QaZxSw2 : no, you want a deal and you want to accumulate
[2016-06-14 20:50:04] 1QaZxSw2 : so you wait until the price drops surprisingly low and like a macy's 50% off sale. you buy when its a deal'
[2016-06-14 20:50:18] 1QaZxSw2 : you dont buy when it keeps going up, thats momentum trading
[2016-06-14 20:50:55] 1QaZxSw2 : legit form of trading, yes but high leverage. quick in quick out
[2016-06-14 20:51:28] 1QaZxSw2 : now if you think btc is going to 1000, you want to buy a bit at 700, more at 600 and a whole lot more <500 if it ever goes there
[2016-06-14 20:51:41] 1QaZxSw2 : buy low, sell high
[2016-06-14 20:52:00] luckynuke : <600/500 maybe after halving
[2016-06-14 20:52:09] 1QaZxSw2 : dont buy high and sell low, no matter how obvious this seems, folks always do it in the heat of the moment
[2016-06-14 20:52:19] rapidtrades : good morning china
[2016-06-14 20:52:21] 1QaZxSw2 : trading with emotions f____ your account
[2016-06-14 20:52:32] 1QaZxSw2 : you need strategery
[2016-06-14 20:52:35] rapidtrades : god bless their slated eyes :)
[2016-06-14 20:53:13] 1QaZxSw2 : china today, europe tomorrow
[2016-06-14 20:53:26] 1QaZxSw2 : when economies get f____d, gold used to be refuge
[2016-06-14 20:53:29] 1QaZxSw2 : now it will be btc
[2016-06-14 20:53:40] 1QaZxSw2 : well at least some of it
[2016-06-14 20:53:45] rapidtrades : plz let's keep it real
[2016-06-14 20:53:50] rapidtrades : noone of that is happening
[2016-06-14 20:56:39] luckynuke : closed long
[2016-06-14 20:57:12] BTCDJS : this might go to 702 and retrace to 690 before more up
[2016-06-14 20:57:23] BTCDJS : Might
[2016-06-14 20:59:52] BTCDJS : rapidtrades: does this look like a turn around to you?
[2016-06-14 21:02:03] wurstgelee : not until it smashes 4800 cny
[2016-06-14 21:02:13] wurstgelee : then u know for sure
[2016-06-14 21:02:14] wurstgelee : =)
[2016-06-14 21:02:48] BTCDJS : thanks
[2016-06-14 21:03:29] wurstgelee : np. please dont take any trollbox advice too seriously tho. non, including mine
[2016-06-14 21:03:56] wurstgelee : the earlier u make up your own mind, the better
[2016-06-14 21:03:57] wurstgelee : ;)
[2016-06-14 21:05:05] BTCDJS : wurstgelee: yeah I know. But its more about recognising it. Just want to see if this is an indicator.
[2016-06-14 21:05:11] luckynuke : Germans here ?
[2016-06-14 21:05:22] stf28 : wow
[2016-06-14 21:05:22] BTCDJS : recognising patterns so to speak
[2016-06-14 21:05:25] wurstgelee : luckynuke: maybe =)
[2016-06-14 21:05:38] luckynuke : hab ichs doch richtig gerochen...
[2016-06-14 21:05:48] wurstgelee : naheliegend bei dem nick ;)
[2016-06-14 21:06:09] luckynuke : Dein Englisch bekam zuerst meine Aufmerksamkeit :D
[2016-06-14 21:06:25] wurstgelee : probably because it sucks ;)
[2016-06-14 21:06:39] luckynuke : because of je eher desto besser ;)
[2016-06-14 21:06:48] wurstgelee : oh, haha
[2016-06-14 21:06:48] wurstgelee : shit
[2016-06-14 21:06:58] wurstgelee : feinstes denglish
[2016-06-14 21:07:00] aethlios : hidden order???
[2016-06-14 21:07:25] wurstgelee : aethlios: whats with that?
[2016-06-14 21:07:47] BTCDJS : Julle praat nie goeie afrikaans nie. Gaan terug skool toe
[2016-06-14 21:07:53] aethlios : wurstgelee: someone had a hidden order 695 bid.
[2016-06-14 21:07:57] BitMEX_Sam : mein Gott
[2016-06-14 21:08:08] luckynuke : wer sagt das
[2016-06-14 21:08:11] aethlios : wurstgelee: it's an order not visible to others
[2016-06-14 21:08:19] BitMEX_Sam : ich sage es, natuerlich
[2016-06-14 21:08:25] wurstgelee : BitMEX_Sam: haha
[2016-06-14 21:08:29] 1QaZxSw2 : only german i know is heil hitler
[2016-06-14 21:08:36] luckynuke : n1
[2016-06-14 21:08:37] luckynuke : lol
[2016-06-14 21:08:38] BitMEX_Sam : that's good enough to get around with
[2016-06-14 21:08:48] wurstgelee : 1QaZxSw2: thats a common problem amongst the world population
[2016-06-14 21:08:55] wurstgelee : everyone knows that ;)
[2016-06-14 21:09:02] 1QaZxSw2 : achtung juden
[2016-06-14 21:09:07] wurstgelee : BitMEX_Sam: its enough.
[2016-06-14 21:09:09] 1QaZxSw2 : sauerkraut
[2016-06-14 21:09:13] luckynuke : lol :D
[2016-06-14 21:09:18] BitMEX_Sam : lol
[2016-06-14 21:09:34] wurstgelee : 1QaZxSw2: come on, one is missing
[2016-06-14 21:09:49] wurstgelee : you can do it ;)
[2016-06-14 21:09:53] 1QaZxSw2 : thats basically all i know. there was a waitress who onece told me when i tried to flirt with her: bitte nicht bullshitten
[2016-06-14 21:10:35] BTCDJS : 1QaZxSw2: you cheated. That last one is basically english
[2016-06-14 21:10:36] luckynuke : really ? bullshitten ?
[2016-06-14 21:10:40] wurstgelee : i doubt that she said ewxactly that tbh, but the "bitte nnicht" part seems right ;)
[2016-06-14 21:10:51] wurstgelee : *-n *typos
[2016-06-14 21:11:23] BTCDJS : bulkakken maybe
[2016-06-14 21:11:27] 1QaZxSw2 : she was using the english she knew because thats what language europeans speak to each other
[2016-06-14 21:11:50] 1QaZxSw2 : ok, i got one more
[2016-06-14 21:11:55] 1QaZxSw2 : volkswagen
[2016-06-14 21:12:11] BTCDJS : 1QaZxSw2: the wagon for the people eh?
[2016-06-14 21:12:17] wurstgelee : achtung, kindergarten, angst....
[2016-06-14 21:12:19] wurstgelee : all german
[2016-06-14 21:12:21] wurstgelee : ;)
[2016-06-14 21:12:46] j8 : wunderbar
[2016-06-14 21:13:00] wurstgelee : that too
[2016-06-14 21:13:01] wurstgelee : =)
[2016-06-14 21:13:19] luckynuke : i´m so proud...
[2016-06-14 21:13:59] wurstgelee : https://en.wikipedia.org/wiki/Outline_of_German_expressions_in_English
[2016-06-14 21:14:11] wurstgelee : there's more than i thought
[2016-06-14 21:15:41] luckynuke : knackwurst im biergarten
[2016-06-14 21:16:04] wurstgelee : haha
[2016-06-14 21:17:36] j8 : hamburger is hilarious
[2016-06-14 21:18:04] luckynuke : hillery, too
[2016-06-14 21:18:16] BitMEX_Sam : Wie sagt man 'premium' auf Deutsch? Gibts nochmal ein bissl
[2016-06-14 21:18:56] luckynuke : ERSTklassig
[2016-06-14 21:20:18] BitMEX_Sam : Yeah, but in the context of price premium here on the swap
[2016-06-14 21:20:39] 1QaZxSw2 : hey bitmex_sam, good job on getting dpe back to 0
[2016-06-14 21:20:45] BitMEX_Sam : 1QaZxSw2: :+1:
[2016-06-14 21:20:50] 1QaZxSw2 : not sure you guys did anything or it just happened
[2016-06-14 21:21:07] 1QaZxSw2 : but im more confident to trade now
[2016-06-14 21:21:08] BitMEX_Sam : Turnaround helped a great deal, fueled by the greater funding rate helping keep the premium down
[2016-06-14 21:21:16] 1QaZxSw2 : oh ok
[2016-06-14 21:22:00] 1QaZxSw2 : i know you guys are getting flak for the issues caused by volatitlity but i realize this stuff cannot be easy
[2016-06-14 21:22:40] 1QaZxSw2 : you have to move quick and you did. good work
[2016-06-14 21:22:46] j8 : the new system seems to be helping a lot. dpe is definitely still a risk but it's definitely tracking better
[2016-06-14 21:22:50] wurstgelee : BitMEX_Sam: Premium is fine
[2016-06-14 21:23:26] wurstgelee : BitMEX_Sam: direct translation would be "Aufschlag"
[2016-06-14 21:23:38] BitMEX_Sam : wurstgelee: Nice, thanks.
[2016-06-14 21:23:42] wurstgelee : but that sounds weird at least to me
[2016-06-14 21:23:51] wurstgelee : although it is german
[2016-06-14 21:23:52] wurstgelee : =)
[2016-06-14 21:23:53] luckynuke : sam ich habs letztens nicht gecheckt. Man kann seine btc hier nicht verleihen, aber wenn man shortet, dann bekommt man welche ? O.o
[2016-06-14 21:24:24] wurstgelee : BitMEX_Sam: i am probably just not used to german in crypto context
[2016-06-14 21:24:27] BitMEX_Sam : luckynuke: Es ist nur Mathematik - long vs short
[2016-06-14 21:24:36] wurstgelee : i wouldnt switch the ui to german language anyways
[2016-06-14 21:24:46] luckynuke : ich war schlecht in Mathe, erzähl mal
[2016-06-14 21:24:50] BitMEX_Sam : Yeah no plans for a german translation yet, although the framework is there
[2016-06-14 21:25:02] BitMEX_Sam : luckynuke: I can't explain in german, too rusty after so many years
[2016-06-14 21:25:09] BitMEX_Sam : You're asking, when you short, who are you lending from, correct?
[2016-06-14 21:25:28] wurstgelee : BitMEX_Sam: if u want to do a german translation sometimes... drop me a note ;)
[2016-06-14 21:25:39] wurstgelee : but it seems you could do it alone
[2016-06-14 21:25:44] BitMEX_Sam : wurstgelee: :+1: once we have everything hooked up and Chinese in, it should be very easy to do
[2016-06-14 21:25:56] BitMEX_Sam : Main issue is finding someone with a finance bg to get the terms right
[2016-06-14 21:26:39] wurstgelee : that shouldnt be a problem. personally i dont have such background (except crypto) but i work @ a company which has
[2016-06-14 21:26:42] wurstgelee : =)
[2016-06-14 21:27:04] wurstgelee : ok, maybe i have a little bit of that background then
[2016-06-14 21:27:05] wurstgelee : ;)
[2016-06-14 21:27:35] justinlooking : sam u mean like okc do for their english speaking customers lol
[2016-06-14 21:27:55] BitMEX_Sam : Right, we want to avoid that kind of confusion
[2016-06-14 21:28:53] j8 : blasting record is my favourite
[2016-06-14 21:29:18] BitMEX_Sam : Yeah, Jinming explained that to me... the direct translation of a liquidation from Chinese is something like "Position Explosion"
[2016-06-14 21:29:43] BitMEX_Sam : So in that sense "blasting record" is quite accurate
[2016-06-14 21:30:05] j8 : it's very accurate given what goes on on that exchange
[2016-06-14 21:33:17] justinlooking : this is interesting: https://www.cia.gov/library/publications/the-world-factbook/rankorder/2215rank.html
[2016-06-14 21:34:05] justinlooking : and somewhat upsetting
[2016-06-14 21:51:30] Mr Blue : justinlooking: haha what you just looking for more CIA victims ?
[2016-06-14 21:54:55] justinlooking : question all the things
[2016-06-14 21:55:06] Mr Blue : CIA be looking in to this site next if too much traffic came from BitMex lol
[2016-06-14 21:55:33] Mr Blue : justinlooking: haha I do mate, can you give me quick version
[2016-06-14 21:55:48] Mr Blue : Of what you found
[2016-06-14 21:56:34] justinlooking : um... it is table of broad money by country
[2016-06-14 21:57:10] Mr Blue : justinlooking: the money CIA uses in each country?
[2016-06-14 21:57:27] Mr Blue : justinlooking: bet Ukraine was high lol
[2016-06-14 21:57:52] justinlooking : broad money = all the money (sorta)
[2016-06-14 22:02:08] Mr Blue : justinlooking: most the money is just numbers not even secured by a blockchain ?
[2016-06-14 22:08:06] REKT : Liquidated short on `ETHXBT`: Buy 50 @ 0.02701
[2016-06-14 22:09:07] justinlooking : $20 eth looking likely
[2016-06-14 22:12:06] REKT : Liquidated short on `ETHXBT`: Buy 200 @ 0.02744
[2016-06-14 22:14:09] justinlooking : incredible considering there's still uncertainty around supply afaik
[2016-06-14 22:15:00] rapidtrades : there's no uncertainty, supply is infinite
[2016-06-14 22:17:14] Mr Blue : rapidtrades: +1 lol
[2016-06-14 22:17:31] Mr Blue : justinlooking: but hope your investment works out mate
[2016-06-14 22:17:41] justinlooking : u missed opporutnity :(
[2016-06-14 22:18:10] justinlooking : there is still uncertaity... rapid gon rapid
[2016-06-14 22:18:27] justinlooking : completely missed point as usual
[2016-06-14 22:20:52] Mr Blue : justinlooking: true it has increased well, they control the market nicely.. and I admit I missed chance to earn more BTC with it, but long term??
[2016-06-14 22:22:59] rapidtrades : wow yuan spiking
[2016-06-14 22:23:10] rapidtrades : 6.612
[2016-06-14 22:23:17] Mr Blue : Maybe ETH will hit £40 but I never see it hitting £30,000 + like Bitcoin in 4 to 8 years time.
[2016-06-14 22:23:28] rapidtrades : sry 6.6140
[2016-06-14 22:26:55] rapidtrades : finex being a lil bitch again
[2016-06-14 22:35:39] stf28 : why is the profit is witheld and losses are instantly applied?
[2016-06-14 22:35:59] rapidtrades : because life is not fair
[2016-06-14 22:36:09] stf28 : i mean you can't trade your wallet back and forth
[2016-06-14 22:36:19] rapidtrades : yeah u can't
[2016-06-14 22:36:52] stf28 : it sucks
[2016-06-14 22:37:10] rapidtrades : yep
[2016-06-14 22:39:19] stf28 : i feel stolen
[2016-06-14 22:40:52] rapidtrades : u should go on a mystical journey to India to find yourself
[2016-06-14 22:41:32] stf28 : yeah its one nice solution
[2016-06-14 22:41:52] stf28 : just need to tune my bot a little before leaving
[2016-06-14 22:44:02] rapidtrades : now usd/cnh sharply down...weird
[2016-06-14 23:10:00] lockhedge : how is BitMEX calculating "Predicted Funding" (0.2529% in 13h)? is it the time weighted average premium of `480 minutes - minutes until funding` ?
[2016-06-14 23:11:22] BitMEX_Sam : lockhedge: I'll have Wally get back to you, he just added that
[2016-06-14 23:11:46] BitMEX_Sam : I am not sure if it is simply averaged from the last 8 hours or if it only includes that data that would actually be in the period
[2016-06-14 23:12:53] lockhedge : simple 8h average is just 0.1235%, so it seems to be more sophisticated
[2016-06-14 23:16:23] wurstgelee : now it says .2524
[2016-06-14 23:16:29] wurstgelee : oh nvm
[2016-06-14 23:16:32] wurstgelee : i should read
[2016-06-14 23:21:58] BitMEX_Wally : lockhedge: Yes, it is a simple average of the samples so far
[2016-06-14 23:37:27] Mr Blue : Night guys happy trading
[2016-06-14 23:42:22] lockhedge : BitMEX_Wally: so now a simple average of the previous 4h?
[2016-06-14 23:42:32] BitMEX_Wally : Yes
[2016-06-14 23:42:36] lockhedge : ok thanks
[2016-06-14 23:43:04] BitMEX_Wally : And then we apply the various rules and limits, like +/ 0.375% etc
[2016-06-14 23:43:30] BitMEX_Wally : So the predicted value should be pretty accurate after 4 to 6 hours
[2016-06-15 00:16:58] micmix : BitMEX_Wally: you are talking about indicativeFundingRate in the instruments table, right?
[2016-06-15 00:17:17] REKT : Liquidated long on `XBTUSD`: Sell 20 @ 684.35
[2016-06-15 00:17:17] REKT : Liquidated long on `XBTUSD`: Sell 11 @ 684.41
[2016-06-15 00:17:30] BitMEX_Wally : Ye
[2016-06-15 00:17:39] micmix : ok, thanks
[2016-06-15 00:17:39] BitMEX_Wally : Yes
[2016-06-15 00:25:58] 1QaZxSw2 : well folks, i told ya, dont buy over there
[2016-06-15 00:28:15] rapidtrades : lameass rates
[2016-06-15 00:28:27] rapidtrades : i can't raise a family on these low rates man
[2016-06-15 00:29:40] rapidtrades : #livingrate #bitmex #feelthebern
[2016-06-15 00:52:30] futuretrader : BitMEX_Wally: how do i work out my fee
[2016-06-15 01:05:17] rapidtrades : futuretrader: what fee
[2016-06-15 01:06:24] futuretrader : my position fee when i close
[2016-06-15 01:07:05] rentchev : did you place a market order or a post only order
[2016-06-15 01:07:46] futuretrader : rentchev: market order
[2016-06-15 01:08:04] rapidtrades : its 0.075%
[2016-06-15 01:08:32] futuretrader : ok ty does it matter how long the order been open is it fixed 0.075% of the order value
[2016-06-15 01:08:36] rentchev : or 0.0675% if you used a referral link when you signed up
[2016-06-15 01:08:49] rentchev : it's fixed
[2016-06-15 01:09:35] futuretrader : so on a 8.63btcbtc position my fe would be 0.006btc
[2016-06-15 01:09:59] rentchev : looks right
[2016-06-15 01:10:17] futuretrader : whats this roe, its showing 79%
[2016-06-15 01:10:40] rentchev : 79% is calculated based on the money you needed for the trade
[2016-06-15 01:11:02] rentchev : total value is 8.63 XBT, but you only put something like 0.3 BTC for that
[2016-06-15 01:11:37] rentchev : so if you did a profit of 0.15 BTC and you only used 0.3 BTC
[2016-06-15 01:11:42] rentchev : that would be 50% ROE
[2016-06-15 01:12:11] rentchev : you invested 0.3 BTC to make 0.15 BTC
[2016-06-15 01:12:18] rentchev : return on investment is 50%
[2016-06-15 01:13:12] rentchev : rapidtrades: what are you trading these days?
[2016-06-15 01:16:25] rapidtrades : pboc rate at 6.60, from 6.58
[2016-06-15 01:16:32] rapidtrades : moon confirmed
[2016-06-15 01:17:25] rapidtrades : they are weakening the yuan toward the offshore rate instead of clamping down on it like last time
[2016-06-15 01:40:08] futuretrader : thanks for the answer just trying to get used to this platform
[2016-06-15 01:52:16] REKT : Liquidated long on `XBTUSD`: Sell 1200 @ 681.45
[2016-06-15 02:04:49] rentchev : rapidtrades: doesn't seem to help BTC
[2016-06-15 02:05:04] rentchev : I guess we are still in a correction mode
[2016-06-15 03:15:27] billyboy402 : where can you read about how bitmex cal the funding cost and proim
[2016-06-15 03:19:52] arbitrage001 : billyboy402: read the contract description
[2016-06-15 03:20:54] billyboy402 : but how does it calurlate the rate https://www.bitmex.com/app/index/.XBTUSDPI8H
[2016-06-15 03:24:38] billyboy402 : so if there a 1% prieum on btcusd . so shorter will get 1% + 0.05 funding cost % = 1.05% interest
[2016-06-15 03:28:47] arbitrage001 : billyboy402: premium and discount is the price difference between here and bitfinex
[2016-06-15 03:29:25] arbitrage001 : if the price here is consistently above bitfinex, it will be used as a bench mark as the next funding rate
[2016-06-15 03:29:53] arbitrage001 : if the price is lower, or funding rate is negative, longwill get paid
[2016-06-15 03:56:24] rentchev : wow
[2016-06-15 03:56:32] rentchev : so boring after last week
[2016-06-15 03:56:43] rentchev : I mean after the last few days
[2016-06-15 03:56:53] rentchev : now it's like watching paint dry
[2016-06-15 04:10:24] billyboy402 : arbitrage001: yea . but do you pay the full differetn so if there 1 % different will htere be 1% added to the fee
[2016-06-15 04:14:40] arbitrage001 : billyboy402: if the funding fee is 1%, then yes, you will pay 1%
[2016-06-15 04:41:51] elmorte : My affiliate discount expired a few days ago....
[2016-06-15 04:42:18] elmorte : I don't know whether to cry or be happy since most of my fees were maker fees anyway....
[2016-06-15 04:42:52] elmorte : But it means I've been here 6 months and ain't gone broke yet so that's a reason to celebrate :)
[2016-06-15 04:45:18] jung1 : gratz