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 02:31:16] 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
[2016-06-16 07:52:13] elmorte : j8: The baseline is...equity invested?
[2016-06-16 07:54:12] j8 : there is a maximum possible loss, if you hold to expiry, which means you need at least that much margin for the position, but actually much more because the premiums change and they're not even on the same exchange
[2016-06-16 07:56:05] j8 : it's an appealing trade because the gains once you get outside that range can be many times the maximum possible loss
[2016-06-16 07:56:26] elmorte : It's a U shaped plot?
[2016-06-16 07:57:11] j8 : yeah
[2016-06-16 08:02:54] BitMEX_Wally : If you are long spot and short quanto then a 10% move in either direction results in a 1% loss
[2016-06-16 08:03:24] BitMEX_Wally : So your return is p-r^2 where p is the premium you sold quanto at
[2016-06-16 08:04:11] jung1 : http://cointelegraph.com/news/new-advisors-could-push-lisk-beyond-ethereum
[2016-06-16 08:04:32] justinlooking : blue mooooon
[2016-06-16 08:10:04] elmorte : BitMEX_Wally: cheers Wally...some of us are stuck on the whole underlying equity thing.
[2016-06-16 08:10:08] justinlooking : can i use execInst with order/bulk ?
[2016-06-16 08:10:41] BitMEX_Wally : justinlooking: Of course
[2016-06-16 08:11:11] justinlooking : k ty
[2016-06-16 08:11:48] Yumi : Quanto confusing people since 2014
[2016-06-16 08:12:11] elmorte : Like...using the XBTU16 calculator...long entry 967 and exit 1100 gives profit of ~14%....but ROE of 344%
[2016-06-16 08:12:47] elmorte : still hasn't clicked up here
[2016-06-16 08:13:56] elmorte : still calculating on the notional value I guess
[2016-06-16 08:14:17] BitMEX_Wally : The ROE is just the Profit/Loss % multiplied by the leverage
[2016-06-16 08:14:23] Yumi : ROE is calculated based on margin you need to put up for a position
[2016-06-16 08:14:25] BitMEX_Wally : so 14% * 25 = 344%
[2016-06-16 08:15:43] haxmb : BitMEX_Wally: can you explain why the ETHXBT contract is about 100 points above index?
[2016-06-16 08:15:51] haxmb : im having trouble understanding
[2016-06-16 08:16:00] elmorte : Ok. So I'm completely off track then?
[2016-06-16 08:16:03] BitMEX_Wally : Because the funding rate is too low
[2016-06-16 08:16:35] BTCDJS : twice I skewed my delta now. Is that too much? I don't know. But I think thats it for the day.
[2016-06-16 08:16:43] BitMEX_Wally : We will add an ETHXBT Premium Index and use that (after giving a week's notice)
[2016-06-16 08:16:50] haxmb : BitMEX_Wally: cheers
[2016-06-16 08:17:04] haxmb : i'd like to be able to short a swap that tracks the actual exchange rate
[2016-06-16 08:17:06] haxmb : not +4%
[2016-06-16 08:17:16] elmorte : BTCDJS: I like my delta as tight as possible
[2016-06-16 08:18:01] BitMEX_Wally : haxmb: You want to earn less money?
[2016-06-16 08:18:09] BTCDJS : Oh well yes. Some like it tight. Ive got to admit. Im partial to a bit of tightness myself
[2016-06-16 08:18:20] Bacon futures trader : Realised pnl = daily updated?
[2016-06-16 08:18:30] BTCDJS : BitMEX_Wally: lol
[2016-06-16 08:18:41] BitMEX_Wally : Once we introduce the premium index to ETHXBT then it will track spot more closely
[2016-06-16 08:19:04] BitMEX_Wally : Bacon futures trader: Realised PNL = Profit or loss that has been realised either by closing/reducing a position, by paying fees, or by rebalance.
[2016-06-16 08:19:31] justinlooking : wally u really need an irc bot
[2016-06-16 08:19:38] elmorte : So some of it is calc'ed at regular intervals, some when you close position
[2016-06-16 08:20:06] elmorte : justinlooking: what happened to the two way bot there?
[2016-06-16 08:20:42] Bacon futures trader : I just opened a small position and go a realised pnl of 0.25 xbt. Must be from my previous trade?
[2016-06-16 08:21:05] elmorte : That's way too much of a maker fee on a small position...
[2016-06-16 08:21:12] elmorte : Hover over it?
[2016-06-16 08:21:20] justinlooking : elmorte: it's still there afaik
[2016-06-16 08:21:42] elmorte : justinlooking: so what bot does he need there?
[2016-06-16 08:21:53] Bacon futures trader : Idk, my browser is glitching out a bit elmorte
[2016-06-16 08:21:58] justinlooking : i mean so that the most common questions can be asnswerd by doing !rebalance or !dpe
[2016-06-16 08:22:06] elmorte : oh yeah
[2016-06-16 08:22:10] j8 : alright trolls. https://imgur.com/a/Nf5ke @elmorte @rapidtrades @micmix @rado
[2016-06-16 08:22:11] justinlooking : like they do in programming rooms on freenode
[2016-06-16 08:22:21] elmorte : Or just provide the link to the docs...theyr
[2016-06-16 08:22:28] elmorte : theyre a bit of a maze now...
[2016-06-16 08:22:35] justinlooking : true
[2016-06-16 08:23:53] elmorte : j8: love you long time buddy
[2016-06-16 08:24:03] rapidtrades : j8: eng? can't read that scale
[2016-06-16 08:24:13] dharmabum : Bacon futures trader: which browser/platform?
[2016-06-16 08:24:30] Bacon futures trader : Ah think my realised pnl is that high because of an unrealised profit
[2016-06-16 08:24:47] dharmabum : Bacon futures trader: PNL is just since last rebalance