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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[2016-06-16 02:08:44] rapidtrades : more juice left in the rocket
[2016-06-16 02:09:51] REKT : Liquidated long on `LSKXBT`: Sell 99 @ 0.000607
[2016-06-16 02:10:10] Mr Blue : Lol
[2016-06-16 02:12:36] podizzle3k : LLLLLISQUIDATED
[2016-06-16 02:12:45] QuantFocus : podizzle3k: lol
[2016-06-16 02:12:58] 1QaZxSw2 : is rekt a bot?
[2016-06-16 02:13:05] podizzle3k : haha yea
[2016-06-16 02:13:13] podizzle3k : u think someone is that dedicated to copy and paste it 24/7
[2016-06-16 02:13:36] QuantFocus : Pissed I closed out my long on the weakness indication last night
[2016-06-16 02:13:45] podizzle3k : REKT is passionate about liquidations
[2016-06-16 02:13:52] podizzle3k : QuantFocus: no worries get the next one
[2016-06-16 02:14:03] QuantFocus : podizzle3k: gotta get back in on a dip
[2016-06-16 02:14:51] adsf : lsk is getting rekt
[2016-06-16 02:15:36] 1QaZxSw2 : well, it was a flavor of the week
[2016-06-16 02:16:03] 1QaZxSw2 : lisk week is like shark week. when its happening, thats all you think about, but once its gone you focus on real life
[2016-06-16 02:19:26] QuantFocus : Anyone else think eth is dominated by legitimate institutional capital?
[2016-06-16 02:19:46] QuantFocus : I'm blown away. i don't see the tech being worth $20/unit
[2016-06-16 02:20:14] 1QaZxSw2 : if i buy 10k contracts at 732 and sell at 742 at 25x, is my profit 10*10K*25?
[2016-06-16 02:20:36] QuantFocus : No.
[2016-06-16 02:20:52] QuantFocus : It's the 10K contracts x $10
[2016-06-16 02:21:15] 1QaZxSw2 : what does the 25x do? only set liq price?
[2016-06-16 02:21:30] QuantFocus : It allows you to use a smaller deposit as collateral.
[2016-06-16 02:21:52] 1QaZxSw2 : ok so i make $10/contract? cant be. that means i would make $100k
[2016-06-16 02:21:57] aethlios : 1QaZxSw2: you need 0.55 btc to buy 10.000 contracts with 25x
[2016-06-16 02:22:16] QuantFocus : 1QaZxSw2: yes, that's correct.
[2016-06-16 02:22:43] aethlios : 1QaZxSw2: 10.000 contracts is 13.5 btc, so you make 135 usd
[2016-06-16 02:22:45] Mr Blue : 1QaZxSw2: no your like 12 btc in the 10k so call it $120 profit - fee's
[2016-06-16 02:22:54] QuantFocus : Erm. Sorry, my fault. Each contract is $1 USD on xbt
[2016-06-16 02:23:18] Mr Blue : aethlios: well done sir mine was a quick guesstimate
[2016-06-16 02:23:39] 1QaZxSw2 : shit 10k contracts only make $135?
[2016-06-16 02:23:43] aethlios : we need to educate new bitmex traders
[2016-06-16 02:24:40] Mr Blue : 1QaZxSw2: on a $10 sing, but think about $100 ? the more the have the more you can make I guess
[2016-06-16 02:24:45] Mr Blue : Swing
[2016-06-16 02:25:06] QuantFocus : 1QaZxSw2: (742/732) - 1 = 1.366% increase on $10,000
[2016-06-16 02:25:24] QuantFocus : Hence the $137 profit
[2016-06-16 02:25:40] 1QaZxSw2 : QuantFocus: thanks
[2016-06-16 02:25:51] aethlios : but with 25x is 34% return!!!
[2016-06-16 02:25:51] QuantFocus : Cheers
[2016-06-16 02:26:03] QuantFocus : aethlios: exactly.
[2016-06-16 02:26:16] 1QaZxSw2 : so i need to overleverage it
[2016-06-16 02:26:32] QuantFocus : Only takes .55btc to take out a $10000 position
[2016-06-16 02:26:33] 1QaZxSw2 : but thats how everyone gets into rektistan
[2016-06-16 02:27:12] QuantFocus : 1QaZxSw2: So, word to the wise...just because you CAN use 25x leverage, doesn't mean you SHOULD.
[2016-06-16 02:27:52] rapidtrades : or alternatively, should
[2016-06-16 02:27:58] QuantFocus : Heh
[2016-06-16 02:28:14] QuantFocus : Depends on how confident you are I suppose
[2016-06-16 02:28:17] aethlios : 25x is like buying a call option
[2016-06-16 02:28:57] QuantFocus : aethlios: Hadn't thought of it that way, but makes sense.
[2016-06-16 02:29:11] 1QaZxSw2 : now if my entry price and exit price are what determine my profit, why does ROE show -ve price even tho im above my buy price?
[2016-06-16 02:29:16] QuantFocus : Except your position can be terminated early
[2016-06-16 02:29:38] QuantFocus : 1QaZxSw2: are you looking at the mark price, or current market price?
[2016-06-16 02:30:16] 1QaZxSw2 : current price is above my entry price but i guess mark price is below. but mark price does not factor except for liquidation, right?
[2016-06-16 02:30:34] QuantFocus : mark price is used to calculate your roe
[2016-06-16 02:30:41] 1QaZxSw2 : if i buy and sell above, i make a profit regardless of what mark price is?
[2016-06-16 02:30:46] QuantFocus : yes
[2016-06-16 02:30:56] QuantFocus : realized roe might differ from unrealized
[2016-06-16 02:30:57] 1QaZxSw2 : well ROE is confusing as f____
[2016-06-16 02:31:16] QuantFocus : Typically though, they should be fairly close.
[2016-06-16 02:31:34] QuantFocus : People are paying a premium now, however, so your unrealized appears lower.
[2016-06-16 02:31:43] 1QaZxSw2 : right yes
[2016-06-16 02:31:52] 1QaZxSw2 : im beginning to understand this stuff
[2016-06-16 02:31:57] BitMEX_Wally : Unrealised ROE is just your Unrealised PNL % multiplied by the leverage setting
[2016-06-16 02:31:58] 1QaZxSw2 : its not str8fwd
[2016-06-16 02:32:25] QuantFocus : Hey @BitMEX_Wally, just curious how often the leaderboard updates?
[2016-06-16 02:32:37] BitMEX_Wally : Leaderboard updates after rebalance I think
[2016-06-16 02:32:55] BitMEX_Wally : So that you cannot sniff out users' positions
[2016-06-16 02:33:15] QuantFocus : Well...I've closed out positions and should technically be on there.
[2016-06-16 02:33:24] 1QaZxSw2 : BitMEX_Wally: that's smart.
[2016-06-16 02:33:26] QuantFocus : Not that it matters, but I guess i'm conceited
[2016-06-16 02:33:43] QuantFocus : But my name is not up there
[2016-06-16 02:33:50] BitMEX_Wally : The realised PNL you've earnt is in your wallet as a pending CashRebalance.
[2016-06-16 02:33:51] 1QaZxSw2 : QuantFocus: if you dont mind us asking, like whats your profit
[2016-06-16 02:34:05] 1QaZxSw2 : QuantFocus: i think it uses psuedo nyms
[2016-06-16 02:34:07] BitMEX_Wally : As it is pending it does not count yet
[2016-06-16 02:34:31] QuantFocus : BitMEX_Wally: Ah ok.
[2016-06-16 02:34:59] QuantFocus : 1QaZxSw2: I'm small fry, but enough to be on leaderboard :)
[2016-06-16 02:39:56] miramm1115 : looks like there is a hidden sell order on LTC @0.00745, you can close your shorts if you want
[2016-06-16 02:40:10] rapidtrades : 2 failed arbs, this stupid market can get fkced
[2016-06-16 02:40:48] aethlios : rapidtrades: okcoin index below bitfinex.
[2016-06-16 02:45:19] QuantFocus : I think I hate eth.
[2016-06-16 02:45:41] QuantFocus : But only because it doesn't do what I want.
[2016-06-16 02:57:38] j8 : there's a big liquidation on XBTU16 and it's over half of open interest. DPE is gonna go up fast if it doesn't fill. if you're long you might want to close here
[2016-06-16 02:58:13] micmix : j8: I closed my long and shorted a bit of it
[2016-06-16 02:58:22] micmix : but had only small long
[2016-06-16 02:58:54] micmix : my bot couldn't buy much at good price
[2016-06-16 02:59:26] j8 : yeah i'm out completely. it's too bad, i liked that position. but, i think deleveraging is the right thing to do
[2016-06-16 03:00:01] micmix : you can't exit fast when you need the extra margin
[2016-06-16 03:00:30] micmix : I mean there is no enough liquidity to exit fast
[2016-06-16 03:00:40] j8 : pretty much never
[2016-06-16 03:01:39] Rado : j8: if you are short and there is a big DPE do you still get affected by it?
[2016-06-16 03:01:43] QuantFocus : j8: wait. why would short liquidation be bad for longs?
[2016-06-16 03:01:54] Rado : <-- rentchev by the way
[2016-06-16 03:02:29] QuantFocus : j8: or are you saying a someone went long at the top?
[2016-06-16 03:02:32] micmix : longs are in profit so DPE is bad for longs
[2016-06-16 03:02:49] j8 : it's a liquidated short from probably way low
[2016-06-16 03:03:07] QuantFocus : Guess I need to read up on how DPE works...
[2016-06-16 03:03:14] j8 : it's just huge compared to the usual liquidity on that market
[2016-06-16 03:03:23] elmorte : j8: if you close, you don't take a haircut?
[2016-06-16 03:03:26] rapidtrades : QuantFocus: its clawback basically
[2016-06-16 03:04:01] QuantFocus : rapidtrades: clawback against all open positions?
[2016-06-16 03:04:05] j8 : elmorte: you do, but losses start from this point, so i won't have the same kind of runaway losses
[2016-06-16 03:04:21] j8 : i.e. i've capped my own pnl on that market
[2016-06-16 03:04:41] mbaril : will the funding of 12h affect the price
[2016-06-16 03:04:41] micmix : plus closing into liquidation helps to clear it and reduce DPE
[2016-06-16 03:04:49] mbaril : like evertime we are near the funding ?
[2016-06-16 03:05:01] j8 : yeah i've done my civic duty
[2016-06-16 03:05:06] mbaril : If so I will close my long :p
[2016-06-16 03:05:31] rapidtrades : it might :)
[2016-06-16 03:05:43] mbaril : rapidtrades can you explain why
[2016-06-16 03:05:51] mbaril : only long paid the funding fee? or short also ?
[2016-06-16 03:06:04] rapidtrades : long
[2016-06-16 03:06:15] mbaril : ok so people close there long to avoid funding fee
[2016-06-16 03:06:19] mbaril : make sense
[2016-06-16 03:06:20] Rado : j8: where can I see the DPE on each contract?
[2016-06-16 03:07:02] rapidtrades : %
[2016-06-16 03:07:26] micmix : j8: I miss sleger, he would short into that liq and help everyone :wink:
[2016-06-16 03:07:30] j8 : beside the spot price / mark price
[2016-06-16 03:07:46] j8 : micmix: yeah he's the only one with the guts
[2016-06-16 03:08:00] rapidtrades : and the $
[2016-06-16 03:08:16] j8 : is this gonna be a late night for me
[2016-06-16 03:08:27] mbaril : Iguess soo :p
[2016-06-16 03:08:32] mbaril : like everyone
[2016-06-16 03:08:33] j8 : coffee time
[2016-06-16 03:08:42] mbaril : damn trading always keep me awake late :P
[2016-06-16 03:08:42] Rado : If I don't have a position I can't see the DPE?
[2016-06-16 03:09:05] Rado : coffee is always good
[2016-06-16 03:09:06] rapidtrades : its right there in gray %%%%%%%%%%%%%
[2016-06-16 03:09:39] Rado : pfew
[2016-06-16 03:09:47] Rado : thanks rapidtrades
[2016-06-16 03:10:38] 1QaZxSw2 : did it just gap up
[2016-06-16 03:10:44] Rado : yes
[2016-06-16 03:10:54] Rado : it was 0.77 then 0.97
[2016-06-16 03:11:06] Rado : now 1.15%
[2016-06-16 03:11:15] Rado : why is it going up?
[2016-06-16 03:11:27] QuantFocus : So, that adjustment would be a reduction in profit for any open positions long?
[2016-06-16 03:11:37] mbaril : yep
[2016-06-16 03:11:49] mbaril : so this is why normally there is a small retract eveyr 8hours
[2016-06-16 03:11:51] QuantFocus : Ah, interesting
[2016-06-16 03:12:02] mbaril : and bitmex always have a premium price
[2016-06-16 03:12:04] Rado : very interesting
[2016-06-16 03:12:11] rapidtrades : for any profitable traders in btcusd since 12:00 @QuantFocus
[2016-06-16 03:12:21] Rado : you need a degree in finance to understand all this
[2016-06-16 03:12:29] Rado : j8: what is your background?
[2016-06-16 03:12:32] QuantFocus : Rado: What about CFA charter?
[2016-06-16 03:12:34] rapidtrades : could be shorts too, although unlikely
[2016-06-16 03:12:38] mbaril : :p well trading is official a full time job
[2016-06-16 03:13:03] QuantFocus : rapidtrades: What if you've been holding the position longer? It would have adjusted previously?
[2016-06-16 03:13:15] mbaril : every 8hours you paid the fee
[2016-06-16 03:13:25] BitMEX_Arthur : QuantFocus: No
[2016-06-16 03:13:26] QuantFocus : Wow, good to know
[2016-06-16 03:13:27] j8 : Rado: eastern european
[2016-06-16 03:13:31] rapidtrades : from 12:00 to 12:00 utc...if u make money u get clawed
[2016-06-16 03:13:42] 1QaZxSw2 : https://www.youtube.com/watch?v=_uMEE7eaaUA
[2016-06-16 03:13:53] Rado : me too ;-)
[2016-06-16 03:14:07] Rado : I was asking about work/education
[2016-06-16 03:14:12] BitMEX_Arthur : If you click on the contract details it will tell you when the rebalance happens, after that point your previous realised profits are exempt
[2016-06-16 03:14:13] j8 : yeah i know :)
[2016-06-16 03:14:18] Rado : lol
[2016-06-16 03:14:23] Rado : didn't get the joke
[2016-06-16 03:14:58] j8 : i'm like a freelance nerd of various sorts i guess you could say
[2016-06-16 03:15:07] QuantFocus : BitMEX_Arthur: Ok ok, I'm getting it
[2016-06-16 03:15:23] Rado : he he
[2016-06-16 03:15:34] Rado : you seem to know BitMEX very well
[2016-06-16 03:15:43] Rado : they need to keep you on the payroll
[2016-06-16 03:16:20] Rado : I am jumping in on XBTM16 soon
[2016-06-16 03:17:10] mbaril : this is what we call pre funding in bitmex :P
[2016-06-16 03:17:25] micmix : Rado: it's a bit too late now, you should've longed it when it was really cheap. it's quanto, pays much better for longs
[2016-06-16 03:17:37] BitMEX_Arthur : For those of you who like the quantos, would you be happy if we moved them to the XBJ series
[2016-06-16 03:17:40] Rado : micmix: I am shorting
[2016-06-16 03:17:51] rapidtrades : BitMEX_Arthur: no
[2016-06-16 03:17:56] BitMEX_Arthur : why?
[2016-06-16 03:18:04] BitMEX_Arthur : i don't mean changing the index
[2016-06-16 03:18:07] 1QaZxSw2 : BitMEX_Arthur: i prefer the higher liquidity of swaps
[2016-06-16 03:18:08] BitMEX_Arthur : but when we list new ones
[2016-06-16 03:18:11] BitMEX_Arthur : or if we list new ones
[2016-06-16 03:18:17] rapidtrades : because then i'll have to cover my yen exposure as well
[2016-06-16 03:18:33] BitMEX_Arthur : We are thinking of allowing order input in USD
[2016-06-16 03:19:06] micmix : will it stay on USD index?
[2016-06-16 03:19:18] rapidtrades : my eyes can't see anymore
[2016-06-16 03:19:23] rapidtrades : i need a break
[2016-06-16 03:19:25] BitMEX_Arthur : micmix: No it will be on the Quoine BTCJPY index
[2016-06-16 03:19:39] BitMEX_Arthur : so similar to XBJ24H but longer maturities
[2016-06-16 03:19:44] micmix : so we'll have JPY exposure
[2016-06-16 03:19:48] BitMEX_Arthur : yes
[2016-06-16 03:20:15] BitMEX_Arthur : but given the liquidity in japanese yen is growing quickly it could be a great market for this
[2016-06-16 03:20:29] micmix : I would prefer USD but should still work with hedging on Quoine
[2016-06-16 03:20:34] BitMEX_Arthur : But a lot depends on the feedback from our partner Quoine and what japanese clients like
[2016-06-16 03:20:56] micmix : if it helps with liquidity I'm all up for it
[2016-06-16 03:21:39] elmorte : BitMEX_Arthur: in DPE docs, "system" = that specific contract, or is it wider than that?
[2016-06-16 03:21:57] BitMEX_Arthur : specific contract
[2016-06-16 03:22:00] BitMEX_Arthur : not global
[2016-06-16 03:22:06] elmorte : K, thanks
[2016-06-16 03:22:54] j8 : yeah i think i'd trade that. why not.
[2016-06-16 03:24:21] micmix : if Japanese ppl like to FOMO like Chinese and bid up the premium it could be even better than USD ones
[2016-06-16 03:29:02] 1QaZxSw2 : waiting to exit at 742
[2016-06-16 03:29:25] 1QaZxSw2 : now with ES or AAPL or whatever, my time scale would be larger
[2016-06-16 03:29:26] Rado : hopefully you get it
[2016-06-16 03:29:43] 1QaZxSw2 : in BTC, im getting impatient
[2016-06-16 03:29:48] 1QaZxSw2 : thx @Rado
[2016-06-16 03:30:36] QuantFocus : I like this place. More sophisticated participants...
[2016-06-16 03:30:48] 1QaZxSw2 : cmon, china bid it up
[2016-06-16 03:30:52] QuantFocus : Me being the exception.
[2016-06-16 03:31:02] podizzle3k : MOON MOON MOON
[2016-06-16 03:31:10] Rado : lol QuantFocus
[2016-06-16 03:31:12] 1QaZxSw2 : QuantFocus: at least you made money. 80% of the folks here lost
[2016-06-16 03:31:25] podizzle3k : 80% of the people were short btc i find that hard to believe
[2016-06-16 03:31:26] Rado : 80%?
[2016-06-16 03:31:40] 1QaZxSw2 : thats everywhere in trading, its said 80% lose
[2016-06-16 03:31:47] podizzle3k : oh yeah over time
[2016-06-16 03:31:48] Rado : he just pulled this number out of the air
[2016-06-16 03:32:06] podizzle3k : yeah because it only takes 1 bad week
[2016-06-16 03:32:12] Rado : BitMEX_Arthur will know what that % is
[2016-06-16 03:32:31] QuantFocus : Well, overconfidence is a major psychological influence.
[2016-06-16 03:32:37] Rado : I wish I can run stats like that on the BitMEX data
[2016-06-16 03:32:38] QuantFocus : People have a few good bets and all logic goes out the window
[2016-06-16 03:32:46] podizzle3k : yeah
[2016-06-16 03:32:55] mbaril : Can wait to see funding getting in
[2016-06-16 03:32:57] QuantFocus : Gambler's fallacy and all
[2016-06-16 03:33:09] Rado : my #1 rule is stop order
[2016-06-16 03:33:12] Mr Blue : Morning people be waking up soon, but will they be dumpers or will they be pumpers lol
[2016-06-16 03:33:16] Rado : doesn't matter what the startegy is
[2016-06-16 03:33:22] Rado : strategy
[2016-06-16 03:34:33] Rado : only shallow corrections so far from $470
[2016-06-16 03:34:44] Rado : I thin =k a bigger one is coming next week
[2016-06-16 03:34:49] Rado : think
[2016-06-16 03:35:04] QuantFocus : Rado: We're due, but that halving is only getting closer
[2016-06-16 03:35:14] QuantFocus : if we don't get one soon, I doubt it happens
[2016-06-16 03:35:19] Rado : that's when the correction will happen
[2016-06-16 03:35:25] QuantFocus : After, sure
[2016-06-16 03:35:29] Rado : yeah
[2016-06-16 03:36:22] QuantFocus : Anyone have thoughts on eth? ATH in USD terms...
[2016-06-16 03:37:08] Rado : I don't see it going anywhere until BTC rise calms down
[2016-06-16 03:37:25] micmix : bazillion dollars market cap for sure
[2016-06-16 03:37:33] Rado : it can still make new highs USD terms
[2016-06-16 03:37:42] Rado : but that is only because BTC is going up
[2016-06-16 03:38:03] QuantFocus : I have eth/btc shorts doing fine, but not correcting like I would have expected.
[2016-06-16 03:38:09] 1QaZxSw2 : if they scale to 100 million users, btc would be worth about $100K
[2016-06-16 03:38:13] QuantFocus : People are drawing similarities between 2013 LTC rally
[2016-06-16 03:44:41] QuantFocus : Anyhow, fun chatting with you guys. I'm off for a bit
[2016-06-16 03:45:17] Rado : see ya QuantFocus
[2016-06-16 03:45:33] rapidtrades : see ya Rado
[2016-06-16 03:45:43] Rado : shut up rapidtrades
[2016-06-16 03:45:50] rapidtrades : :)
[2016-06-16 03:45:53] QuantFocus : Haha. See ya guys
[2016-06-16 03:47:32] mbaril : 10 min :P
[2016-06-16 03:49:18] rapidtrades : oh yea the thinggy
[2016-06-16 03:49:21] rapidtrades : almost forgot
[2016-06-16 03:49:22] mbaril : :p
[2016-06-16 03:49:39] mbaril : 10 min before funding :p
[2016-06-16 03:50:02] Rado : funding rate is small
[2016-06-16 03:50:07] Rado : so no big deal
[2016-06-16 03:50:16] elmorte : Next one will be bigger
[2016-06-16 03:50:22] mbaril : yeah I guess
[2016-06-16 03:50:30] mbaril : curious to see what will ve the move on this one
[2016-06-16 03:50:54] mbaril : I guess some will close there long anyway
[2016-06-16 03:50:57] Rado : the move after the funding?
[2016-06-16 03:51:01] mbaril : yeah
[2016-06-16 03:51:15] mbaril : always some small shake after funding. funny to watch
[2016-06-16 03:51:23] j8 : should be 0.07% move, but the spread is 0.25%
[2016-06-16 03:51:37] rapidtrades : j8 j8 j8 j8
[2016-06-16 03:51:45] rapidtrades : tsk tsk tsk
[2016-06-16 03:51:52] j8 : what what
[2016-06-16 03:52:26] Rado : he admires your wisdom
[2016-06-16 03:52:37] rapidtrades : still doesn't look done...too much volatility for this to be over
[2016-06-16 03:53:05] mbaril : what is your feeling guys
[2016-06-16 03:53:31] Rado : https://btcvol.info/
[2016-06-16 03:53:33] rapidtrades : going up?
[2016-06-16 03:53:57] elmorte : hard crash
[2016-06-16 03:54:06] mbaril : aahahah nice
[2016-06-16 03:54:15] Rado : I am leaning down as well
[2016-06-16 03:54:27] j8 : i guess bitfinex is actually leading this one
[2016-06-16 03:54:30] rapidtrades : up it is!
[2016-06-16 03:54:32] Rado : $10-15 correction
[2016-06-16 03:54:59] rapidtrades : strapon ur jetpacks gents
[2016-06-16 03:55:04] ayy_lmao : ^
[2016-06-16 03:55:24] mbaril : ahahaha
[2016-06-16 03:55:57] j8 : strapon your strapon
[2016-06-16 03:56:33] rapidtrades : so after 4 am passes, the rate until 12 is fixed right? to 0.44%
[2016-06-16 03:56:45] elmorte : finex was ahead of huob & okc for a while...scared to go long in that situation
[2016-06-16 03:56:56] elmorte : rapidtrades: yah
[2016-06-16 03:57:01] rapidtrades : nah man its cool @elmorte
[2016-06-16 03:57:16] elmorte : cheers, lend me some coin to invest?
[2016-06-16 03:57:17] Rado : XBTM16 $33 premium
[2016-06-16 03:57:23] j8 : china will pump before okc settlement
[2016-06-16 03:57:31] elmorte : I'll split whatever I get with ya man...
[2016-06-16 03:58:01] micmix : Rado: I wouldn't advise to short it, way too risky for a very small reward.
[2016-06-16 03:58:23] Rado : why small?
[2016-06-16 03:58:38] j8 : bids are at the same premium as okc june 24.. but it's quanto, it should be higher
[2016-06-16 03:58:52] micmix : it's quanto, profit in USD is lower for shorts
[2016-06-16 03:58:54] ayy_lmao : because it just made new highs
[2016-06-16 03:58:57] ayy_lmao : y short
[2016-06-16 03:59:54] micmix : XBTM16 should be higher based on current volatility
[2016-06-16 03:59:56] Rado : micmix: please explain
[2016-06-16 04:00:26] Rado : I don't care about profit in USD
[2016-06-16 04:00:29] Rado : just in BTC
[2016-06-16 04:00:35] micmix : https://blog.bitmex.com/xbt-vs-xbu-chain/
[2016-06-16 04:00:36] billz : funding hardly rose at all, awesome
[2016-06-16 04:01:05] Rado : so you are saying I am better shorting swap than quanto?
[2016-06-16 04:01:05] micmix : XBU was inverse like XBTUSD or okc futures
[2016-06-16 04:01:13] REKT : Liquidated short on `XBTM16`: Buy 1200 @ 767.62
[2016-06-16 04:01:13] REKT : Liquidated short on `XBTUSD`: Buy 5150 @ 737.29
[2016-06-16 04:01:44] ayy_lmao : lol
[2016-06-16 04:03:04] ayy_lmao : new highs
[2016-06-16 04:03:07] micmix : Rado: I would short okc and long XBTM16
[2016-06-16 04:03:24] Rado : I don't have okc account
[2016-06-16 04:03:26] micmix : or better yet stay out of it for now
[2016-06-16 04:03:29] Rado : need to create one
[2016-06-16 04:05:12] REKT : Liquidated short on `XBTM16`: Buy 109402 @ 775.90 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-06-16 04:05:22] ayy_lmao : smh
[2016-06-16 04:05:39] micmix : bc ^^^ will kill your trade
[2016-06-16 04:07:15] 1QaZxSw2 : my longs filled. thanks for your support ge
[2016-06-16 04:07:20] 1QaZxSw2 : *gents
[2016-06-16 04:07:30] Rado : nice 1QaZxSw2
[2016-06-16 04:08:36] Rado : so this mega rekt on XBTM16 becomes a bid
[2016-06-16 04:09:47] micmix : 1/3 of open interest, we will have DPE if it doesn't clear
[2016-06-16 04:11:03] Rado : maybe I should help with a small position :-)
[2016-06-16 04:13:08] Moo : if I short here at 779 xbtm16, spot goes to 770, but the premium is still $40, so xbtm goes to 810, does my short get rekt?
[2016-06-16 04:13:43] micmix : too late
[2016-06-16 04:16:19] micmix : grats to whoever closed their long!
[2016-06-16 04:16:58] Moo : probably same guy, just renewing his short using different account
[2016-06-16 04:17:29] micmix : open interest went down, so someone closed long
[2016-06-16 04:18:16] Moo : ah
[2016-06-16 04:20:03] Rado : micmix: so someone things it's a good idea to short at 779
[2016-06-16 04:20:15] Rado : thinks
[2016-06-16 04:20:43] billz : he must be new
[2016-06-16 04:20:52] sizzurp : need help how do i withdraw from my wallet instead of my tradeable balance?
[2016-06-16 04:22:12] micmix : Rado: no, as I said someone closed their long
[2016-06-16 04:22:39] Mr Blue : sizzurp: you can't it's the same pot, withdrawls are processed once a day, your profits should be unlocked by then, think it's 1pm
[2016-06-16 04:23:22] sizzurp : so i can once it registers at 1?
[2016-06-16 04:23:40] Rado : I see micmix
[2016-06-16 04:23:46] Rado : didn't see your comment
[2016-06-16 04:23:50] Rado : makes sense
[2016-06-16 04:25:24] sizzurp : Mr Blue: ?
[2016-06-16 04:25:33] Mr Blue : sizzurp: erm one unlocked you can withdraw as much as you like, but withdrawls are processed daily, I forget the time think 1pm so you need to request and confirm before then,, try references info's prob in there.
[2016-06-16 04:25:54] Mr Blue : Once unlocked*
[2016-06-16 04:26:28] sizzurp : alright sweet just wanna make sure i can withdraw everything in my wallet thanks bruh bruh @Mr Blue
[2016-06-16 04:27:00] Mr Blue : sizzurp: no problem
[2016-06-16 04:29:04] sizzurp : Mr Blue: you have btc to sell?
[2016-06-16 04:29:10] sizzurp : for gift card
[2016-06-16 04:29:19] sizzurp : prepaid
[2016-06-16 04:30:22] CaptainDean : the one transction bot is on
[2016-06-16 04:30:27] CaptainDean : transaction***
[2016-06-16 04:30:49] Mr Blue : sizzurp: I don't sell BTC mate, I need more lol
[2016-06-16 04:31:10] sizzurp : Mr Blue: dont we all
[2016-06-16 04:31:19] Mr Blue : sizzurp: try a Bitcoin auction site maybe?
[2016-06-16 04:31:21] sizzurp : CaptainDean: so we will get money soon yes?
[2016-06-16 04:31:33] sizzurp : huh ok
[2016-06-16 04:31:53] sizzurp : whos gonna scalp this dip
[2016-06-16 04:32:02] CaptainDean : well, he's kind of manipulating with himself the price, guess it's legal
[2016-06-16 04:32:07] sizzurp : should i go in alone
[2016-06-16 04:32:34] Mr Blue : sizzurp: hard to tell, depends if you feel lucky ?
[2016-06-16 04:32:52] sizzurp : idk if im feelin lucky
[2016-06-16 04:34:09] sizzurp : Mr Blue: what auction site?
[2016-06-16 04:35:15] jung1 : damn
[2016-06-16 04:35:21] jung1 : money never sleep
[2016-06-16 04:35:28] jung1 : another lesson learned
[2016-06-16 04:35:30] Mr Blue : Hopefully we'll hold above 700 or all the work was for nothing, after clearing most the sell pressure already, I'm sure we'll go 800 sooner rather than later.
[2016-06-16 04:35:45] sizzurp : i slept on this
[2016-06-16 04:35:49] sizzurp : and hopefully
[2016-06-16 04:38:56] Mr Blue : sizzurp: erm not sure, maybe cointopay.com off top of my head, but loads over other places you can sell crap for coin.
[2016-06-16 04:39:23] Mr Blue : Of other* damn Google keyboard lol
[2016-06-16 04:39:45] sizzurp : lol sweet
[2016-06-16 04:54:53] Rado : I see Kaiko has a lot more exchanges now
[2016-06-16 04:56:59] jung1 : eth/usd price is doing well
[2016-06-16 05:03:25] sizzurp : what is xbt equivalent to in btc
[2016-06-16 05:04:11] Mr Blue : sizzurp: it's btc just a different ticker, so 1 to 1
[2016-06-16 05:05:18] sizzurp : looking at my recent trades right and i sold 321 x10 at 741 @Mr Blue
[2016-06-16 05:05:46] sizzurp : under value on the trade history it says 0.433193 XBT
[2016-06-16 05:05:58] sizzurp : but i dont have that much in my funding
[2016-06-16 05:06:10] sizzurp : or my 'wallet' why is that
[2016-06-16 05:06:21] Mr Blue : sizzurp: what did you pay for them?
[2016-06-16 05:06:49] sizzurp : .06 in all
[2016-06-16 05:07:31] sizzurp : .02 at 698 then .04 at688
[2016-06-16 05:08:24] Mr Blue : sizzurp: you work it out easiest per BTC mate, that way you know if Bitcoins up $10 and you have 1 Bitcoin worth of $1 contracts, your profit = $10 - fee's
[2016-06-16 05:10:53] sizzurp : this is so confusing lol who should i talk to about finding out how much im making
[2016-06-16 05:11:44] sizzurp : 321 shares at 695 and sold at 741
[2016-06-16 05:12:03] Mr Blue : sizzurp: Check in your wallet under withheld profit
[2016-06-16 05:12:22] sizzurp : 0.03..
[2016-06-16 05:12:32] Mr Blue : sizzurp: get calculator out mate
[2016-06-16 05:13:09] Mr Blue : 0.03 sounds about right
[2016-06-16 05:13:18] sizzurp : guess it wasnt as much as i thought lol
[2016-06-16 05:13:59] sizzurp : deposit taking forever to lul tonight just not my nught
[2016-06-16 05:14:06] sizzurp : night
[2016-06-16 05:15:04] Mr Blue : sizzurp: $21 better than a kick up the ass, if you'd of had full Bitcoin worth would of been $45
[2016-06-16 05:15:21] Mr Blue : sizzurp: night mate
[2016-06-16 05:15:22] sizzurp : if only lolol
[2016-06-16 05:15:32] sizzurp : Mr Blue: see ya bud
[2016-06-16 05:18:11] Rado : where are most of BitMEX guys located?
[2016-06-16 05:18:41] Mr Blue : Rado: Europe
[2016-06-16 05:19:08] Mr Blue : Rado: that or Americans on Tor lol
[2016-06-16 05:19:20] jung1 : europe here
[2016-06-16 05:19:36] Rado : I was asking about the BitMEX employees
[2016-06-16 05:19:41] Mr Blue : Cool, same
[2016-06-16 05:19:41] jung1 : oh
[2016-06-16 05:19:42] jung1 : china
[2016-06-16 05:19:46] Rado : I know you punks
[2016-06-16 05:19:48] Rado : :-)
[2016-06-16 05:19:56] Rado : Honk Kong?
[2016-06-16 05:20:09] Mr Blue : Haha lol, ye must be China I noticed few spelling errors
[2016-06-16 05:20:32] jung1 : im not shure
[2016-06-16 05:20:53] jung1 : but bitmex office is in chine
[2016-06-16 05:21:16] BitMEX_Wally : Our office is in Hong Kong
[2016-06-16 05:21:38] Rado : BitMEX_Wally: are you working from there?
[2016-06-16 05:21:49] Rado : or you guys distributed
[2016-06-16 05:21:49] BitMEX_Wally : Yes
[2016-06-16 05:21:53] Rado : cool
[2016-06-16 05:21:57] BitMEX_Wally : And some staff in the US
[2016-06-16 06:02:52] jung1 : eth is new ltc
[2016-06-16 06:03:21] jung1 : if we talk about bitcoin price corelation
[2016-06-16 06:32:57] MatracasPT : hello
[2016-06-16 06:33:57] REKT : Liquidated short on `XBTUSD`: Buy 300 @ 739.03
[2016-06-16 06:35:29] jung1 : eth 267
[2016-06-16 06:39:17] REKT : Liquidated short on `XBTUSD`: Buy 1400 @ 739.04
[2016-06-16 06:45:17] REKT : Liquidated short on `XBTUSD`: Buy 2500 @ 740.01
[2016-06-16 06:54:30] Bacon futures trader : lol, getting margin called at the high feelsbadman
[2016-06-16 07:01:24] jung1 : https://bnktothefuture.com/
[2016-06-16 07:18:54] rapidtrades : gm fellas
[2016-06-16 07:19:15] BTCDJS : rapidtrades: uh huh
[2016-06-16 07:19:28] j8 : word up
[2016-06-16 07:20:09] BTCDJS : cuppa tea
[2016-06-16 07:20:26] micmix : rapidtrades: you slept what, 4 hours?
[2016-06-16 07:20:59] rapidtrades : no 2.5
[2016-06-16 07:21:29] rapidtrades : its ok tho, the days prior i slept 10+
[2016-06-16 07:21:45] micmix : yeah, crazy market, no time to sleep
[2016-06-16 07:22:04] rapidtrades : why would u sleep when ur making $$$ amirite
[2016-06-16 07:22:23] jung1 : so what
[2016-06-16 07:22:30] jung1 : we are going up till halving
[2016-06-16 07:22:31] BTCDJS : rapidtrades: because then you can say Im making money in my sleep
[2016-06-16 07:22:43] jung1 : and after halving we will go up?
[2016-06-16 07:22:49] jung1 : bitcoin you motherfucker
[2016-06-16 07:23:08] rapidtrades : i highly doubt that we will go up right until the halving
[2016-06-16 07:23:22] rapidtrades : but who knows, the chinese are pretty stupid
[2016-06-16 07:23:32] Rado : Lol
[2016-06-16 07:23:51] j8 : gotta take a break some time, but we're definitely moving into bubble territory
[2016-06-16 07:26:18] micmix : buys on sept. indicate that some people think it's going to $1000+
[2016-06-16 07:27:27] j8 : yeah last i checked the breakeven points for holding until expiry were more than $400 away
[2016-06-16 07:27:39] rapidtrades : wat
[2016-06-16 07:27:43] rapidtrades : j8 j8 j8
[2016-06-16 07:27:56] j8 : yeah yeah yeah
[2016-06-16 07:28:07] rapidtrades : what are u talking aboot tho
[2016-06-16 07:28:45] j8 : if you bought XBTU16 and sold okc quarterly, you need more than a $400 move to break even
[2016-06-16 07:29:24] rapidtrades : can't be right...okc is at 820
[2016-06-16 07:29:30] micmix : ^^^ listen to j8, he knows his stuff :-)
[2016-06-16 07:30:16] rapidtrades : listen to his shitty math?
[2016-06-16 07:30:23] j8 : there's still 14 weeks left, that's a long time
[2016-06-16 07:30:28] j8 : could happen
[2016-06-16 07:30:40] rapidtrades : but they're only 150$ apart
[2016-06-16 07:31:16] rapidtrades : surely that means u need a 150 move to breakeven
[2016-06-16 07:31:27] j8 : nope
[2016-06-16 07:31:29] rapidtrades : prolly less cos quanto
[2016-06-16 07:31:48] micmix : no, you don't get any profit on XBTU16 if it closes at the same price you bought it
[2016-06-16 07:32:03] micmix : and you will have big loss on okc
[2016-06-16 07:32:39] rapidtrades : so worst case scenario u lose $150
[2016-06-16 07:32:52] rapidtrades : breakeven has to be 150+
[2016-06-16 07:33:26] elmorte : what kinda hedge is selling at 820 and buying at 970?
[2016-06-16 07:34:14] rapidtrades : ok i see his point
[2016-06-16 07:34:24] rapidtrades : u add both premiums
[2016-06-16 07:34:30] jung1 : buy high sell low
[2016-06-16 07:34:31] jung1 : stay classy
[2016-06-16 07:34:42] rapidtrades : as worst case scenario u could lose $400
[2016-06-16 07:35:14] rapidtrades : wait a min tho...u SELL okc
[2016-06-16 07:35:17] elmorte : can you ELI5 for the gen pop?
[2016-06-16 07:35:20] rapidtrades : so no j8 j8 j8 u wrong
[2016-06-16 07:35:38] rapidtrades : so u gain $80 there ya dummy
[2016-06-16 07:36:05] rapidtrades : $230-80=$150
[2016-06-16 07:36:05] micmix : j8 already told you guys, it has to close at $1100+ to get more from quanto long than loss from okc short
[2016-06-16 07:36:39] rapidtrades : i don't see how that could be accurate
[2016-06-16 07:36:41] elmorte : I don't dispute what j8 said...just would be nice to know how he arrived at that figure
[2016-06-16 07:36:56] BTCDJS : mic is in the mix
[2016-06-16 07:38:05] micmix : https://blog.bitmex.com/xbt-vs-xbu-chain/
[2016-06-16 07:38:24] micmix : okc is inverse like xbu
[2016-06-16 07:38:31] BTCDJS : watch me drop the mic, watch me drop the mic, watch me drop the mic....... Sike
[2016-06-16 07:38:48] rapidtrades : micmix: but he said buy here sell on okc
[2016-06-16 07:38:57] elmorte : micmix: I read that earlier, thanks :)
[2016-06-16 07:39:26] rapidtrades : if ur not gonna bother to explain go f urself
[2016-06-16 07:39:29] rapidtrades : srsly j8
[2016-06-16 07:39:53] rapidtrades : u faulty logic mofo
[2016-06-16 07:41:48] j8 : too much math for trollbox.. if you net out the pnl from a quanto and an inverse you make `r^2` for a return `r = p2/p1`
[2016-06-16 07:42:19] j8 : then you account for the premium that you lose
[2016-06-16 07:42:25] j8 : over time
[2016-06-16 07:42:41] rapidtrades : don't give me that crap jew.....u lose $230 in premium here while u gain $80 on okc
[2016-06-16 07:42:45] rapidtrades : thats worst case
[2016-06-16 07:43:03] rapidtrades : if we go up a lot or down a lot, u'll be better off cos ur buying a quanto
[2016-06-16 07:43:17] rapidtrades : worst case is $150 am i wrong
[2016-06-16 07:43:58] j8 : yeah the worst case is somewhere in between the inverse and the quanto
[2016-06-16 07:44:29] rapidtrades : no shit, so breakeven can't be $400 like u said
[2016-06-16 07:45:47] j8 : sure, the PNL curve has a minimum around 900 but it doesn't cross zero until 500 / 1300
[2016-06-16 07:45:57] j8 : for example, not real numbers but indicative
[2016-06-16 07:46:10] j8 : i'll do some plots when i get a chance
[2016-06-16 07:47:02] elmorte : j8: that would be much appreciated
[2016-06-16 07:47:32] Rado : If I short sep here and buy sep on okc
[2016-06-16 07:47:36] rapidtrades : elmorte: his defective math? pretty sure u can do that on ur own
[2016-06-16 07:47:36] j8 : it also depends how you skew your delta. if the minimum is at 900 that means we're already part way at 733
[2016-06-16 07:48:22] Rado : Lets say btc is 1200 come expiry
[2016-06-16 07:48:29] BTCDJS : I just finished skewing my delta. Everything seems a little more clear now
[2016-06-16 07:48:31] micmix : rapidtrades: the easiest way for you to check without doing any math is to use calculators here and on okc
[2016-06-16 07:48:36] Rado : Did I make money
[2016-06-16 07:49:00] j8 : Rado: probably, but not that much
[2016-06-16 07:49:21] elmorte : BTCDJS: muahaha
[2016-06-16 07:49:50] j8 : there's also a $20 spread on XBTU16 which makes a difference