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<< >> English 中文 Русский 한국어 日本語 Español Français [2016-06-16 08:24:50] j8 : rapidtrades: both have the settlement price on the x axis. one has PNL in BTC on the y axis, the other has PNL in USD [2016-06-16 08:25:05] rapidtrades : can't be right if max loss is <$50 [2016-06-16 08:25:05] j8 : thousands of USD actually [2016-06-16 08:25:11] Bacon futures trader : Ah ok, need to wait for rebalance. Just realised. [2016-06-16 08:25:14] rapidtrades : ah ok [2016-06-16 08:25:18] j8 : for 100 btc long, 100 btc short [2016-06-16 08:25:22] Bacon futures trader : dharmabum: good old IE [2016-06-16 08:25:36] dharmabum : Bacon futures trader: good luck with that then. [2016-06-16 08:25:48] rapidtrades : still the scale is f-ed up, [2016-06-16 08:26:06] rapidtrades : should've maxed it out at 50-60 [2016-06-16 08:26:14] rapidtrades : with 5 point increments [2016-06-16 08:26:15] elmorte : Ah, ok....so quanto is linear in XBT and inverse is linear in USD [2016-06-16 08:26:26] j8 : the big moves are what it's all about though [2016-06-16 08:26:59] men : bitcoin ready for another leg up ? :D [2016-06-16 08:27:26] rapidtrades : dude we all know how quantos work during big moves...the debate was about the max loss if things don't work out @j8 [2016-06-16 08:27:52] rapidtrades : its around $150-200 per btc? [2016-06-16 08:27:57] j8 : oh, well i wanted to show the whole picture. jeez what are you a teacher [2016-06-16 08:28:33] dharmabum : we're all teachers j8. all students too :) [2016-06-16 08:29:11] rapidtrades : j8: tnx i guess it could help the newbs here [2016-06-16 08:29:12] j8 : the max loss in that one is $15k usd, so yeah $150 per ptc [2016-06-16 08:29:27] j8 : btc [2016-06-16 08:30:10] rapidtrades : trust me i know how quantos work during big moves, i have a small xbut16 short since 500...its now doubled in value [2016-06-16 08:30:15] j8 : so are you guys all motivated to sell into that liquidation now? [2016-06-16 08:30:52] rapidtrades : of doubled in size i should say [2016-06-16 08:31:08] rapidtrades : quanttos are vicious :) [2016-06-16 08:31:10] j8 : yeah that's the magic [2016-06-16 08:31:12] elmorte : What's the max loss in % terms? [2016-06-16 08:31:32] rapidtrades : 25% ish [2016-06-16 08:31:47] elmorte : and what's the leverage at OKC? [2016-06-16 08:31:53] rapidtrades : 20/1 [2016-06-16 08:32:04] rapidtrades : but he's talking about longing here, shorting there [2016-06-16 08:32:11] j8 : max loss in btc is 16 and there was 100 btc position on each side [2016-06-16 08:32:14] rapidtrades : u were asking about the oposite [2016-06-16 08:32:25] rapidtrades : so in ur case, the loss in unlimited @elmorte [2016-06-16 08:32:44] elmorte : no leverage for shorts on OKC? [2016-06-16 08:32:55] rapidtrades : i said its 220.1 [2016-06-16 08:32:59] rapidtrades : 20 [2016-06-16 08:33:10] Bacon futures trader : lol, only leverage for long [2016-06-16 08:33:11] elmorte : Yeah, and I know he said sell at 820 and buy at 970 [2016-06-16 08:33:23] Bacon futures trader : How are fees on okcoin? [2016-06-16 08:33:23] elmorte : so I know which one to short/long [2016-06-16 08:33:32] rapidtrades : k [2016-06-16 08:33:35] Bacon futures trader : How are fees on OKC? [2016-06-16 08:33:38] elmorte : thanks though [2016-06-16 08:33:46] haxmb : BitMEX_Wally: no i just want to be able to close positions when price goes down [2016-06-16 08:33:54] haxmb : instead of getting premium increase + price go down [2016-06-16 08:33:58] haxmb : and sitting in flat [2016-06-16 08:34:23] rapidtrades : that guy that arbed the okc futures made out like a bandit [2016-06-16 08:34:41] haxmb : Bacon futures trader: .03% [2016-06-16 08:34:47] rapidtrades : now only $7 from bitfinex [2016-06-16 08:34:56] Bacon futures trader : That's decent [2016-06-16 08:35:01] haxmb : rapidtrades: weekly? [2016-06-16 08:35:07] rapidtrades : yes [2016-06-16 08:35:20] rapidtrades : its still a bit high but was over 2% earlier [2016-06-16 08:35:22] haxmb : yeah, that premium was all over the place last couple days [2016-06-16 08:35:30] BitMEX_Wally : haxmb: If we use the premium index to charge funding then the premium will reduce, so you will earn funding and will be able to get out a spot [2016-06-16 08:35:40] haxmb : BitMEX_Wally: (Y) great [2016-06-16 08:35:46] haxmb : thats exactly what i want [2016-06-16 08:36:01] haxmb : because i combine positions on serveral leveraged exchanges [2016-06-16 08:36:05] BitMEX_Wally : We will also move all the swaps to match XBTUSD, so 8 hour funding, and 24 hour rebalance [2016-06-16 08:36:14] haxmb : cant have one diverge from the rest, messes up my arbs [2016-06-16 08:36:24] elmorte : to short 100 xbt on OKC, you put up 5 xbt, and to long 100 xbt on XBTU16, you put up 4 XBT....so how can you lose more than 9XBT? [2016-06-16 08:37:02] rapidtrades : idk price goes down by $50? [2016-06-16 08:37:23] elmorte : how they gonna take money you don't have? [2016-06-16 08:37:37] haxmb : elmorte: whats the question [2016-06-16 08:37:46] haxmb : "how can you lose more than 9XBT" in what context [2016-06-16 08:37:51] j8 : well the point was to hold them both until expiry. if you get liquidated you didn't do that [2016-06-16 08:37:54] BitMEX_Wally : You cannot lose more than you put in [2016-06-16 08:37:55] rapidtrades : elmorte: the trade only works if both legs are on u dummy [2016-06-16 08:38:07] elmorte : on my shoulders? [2016-06-16 08:38:11] BitMEX_Wally : However you will lose more by being liquidated than you would by moving the margin to fund the losing leg [2016-06-16 08:38:17] rapidtrades : if u get liquidated, ur now naked short/long [2016-06-16 08:38:26] micmix : rapidtrades: you were talking about max loss, we were talking about breakeven point [2016-06-16 08:38:50] micmix : $400 was about breakeven [2016-06-16 08:38:53] rapidtrades : micmix: oh rly....how is it possible that breakeven is > max loss [2016-06-16 08:38:56] rapidtrades : oh f off [2016-06-16 08:38:57] rapidtrades : srs [2016-06-16 08:39:01] rapidtrades : this shit again [2016-06-16 08:39:05] rapidtrades : it is not $400 [2016-06-16 08:39:09] haxmb : with these swings, you might get called on both positions [2016-06-16 08:39:11] elmorte : BitMEX_Wally: but if j8 said max loss is 16BTC...that's more than 9BTC [2016-06-16 08:39:21] rapidtrades : micmix: post ur math sir [2016-06-16 08:39:25] elmorte : or I didn't read correctly [2016-06-16 08:39:25] haxmb : wut [2016-06-16 08:39:32] BitMEX_Wally : He was talking about holding to expiry and putting in enough margin to not get liquidated [2016-06-16 08:39:49] elmorte : Ok, gotcha...thanks for the patience [2016-06-16 08:39:58] j8 : rapidtrades: $400 move either way on the x-axis to get to the zero pnl points [2016-06-16 08:40:00] micmix : rapidtrades: j8 said that we have to go up $400 [2016-06-16 08:40:12] BitMEX_Wally : https://www.bitmex.com/app/wallet I have added 'Fee' and 'Margin Balance' to the transaction history [2016-06-16 08:40:22] micmix : and he was right, look at the graph [2016-06-16 08:40:30] rapidtrades : micmix: aaaaaaaah got u [2016-06-16 08:40:33] BitMEX_Wally : For a Pending CashRebalance the fee is the expected contribution to DPE [2016-06-16 08:40:42] rapidtrades : long only...yes that makes sense [2016-06-16 08:40:50] micmix : yep [2016-06-16 08:41:02] elmorte : now kiss [2016-06-16 08:41:09] jung1 : <3 [2016-06-16 08:41:25] rapidtrades : micmix: but he then confused everyne by saying long here short okc [2016-06-16 08:41:41] elmorte : or not.... [2016-06-16 08:41:48] j8 : that's what i said.. it's not long only [2016-06-16 08:41:50] rapidtrades : in that scenario breakeven is >150 not 400 [2016-06-16 08:42:07] j8 : if you're long only it has to settle higher than you bought, that's all [2016-06-16 08:42:09] elmorte : Ok...what's your guys starting price? [2016-06-16 08:42:18] elmorte : j8: 740? [2016-06-16 08:42:28] rapidtrades : j8: right ok, cleared up [2016-06-16 08:42:42] j8 : elmorte: what do you mean by that [2016-06-16 08:46:20] BTCDJS : I'm back. What did I miss? [2016-06-16 08:46:50] j8 : BTCDJS: i made you a picture https://imgur.com/a/Nf5ke [2016-06-16 08:47:28] j8 : rapidtrades can explain it to you [2016-06-16 08:47:42] elmorte : j8: 400 offset from which price? [2016-06-16 08:48:09] elmorte : current spot or current mark at XBUT16 [2016-06-16 08:48:48] elmorte : I thought you and rapid had different starting point therefore the mix-up...but I guess you cleared it all up [2016-06-16 08:48:55] j8 : well the example i did is if you have an equal size short and long, and it's centered around 900 or so [2016-06-16 08:49:45] j8 : you can move the center (the max loss point) by adding more short or long, this changes the risk profile of the curve though [2016-06-16 08:50:19] j8 : theoretically you would use the inverse future as the best estimate of the price on the settlement date [2016-06-16 08:50:25] BTCDJS : j8: dude [2016-06-16 08:51:57] BTCDJS : Im going to have to go to school on this. But ATM the only thing I'm trading is swap. [2016-06-16 08:51:59] jung1 : https://tradeblock.com/markets/okcn/xbt-cny/15m/ 5k [2016-06-16 08:54:42] zanza : u cant really arb XBTU16 since the volume is so low [2016-06-16 08:55:17] j8 : it's about the long term positions, you could take a 400 btc position now if you wanted [2016-06-16 08:55:43] micmix : well we had a guy with 100k long closing couple hours ago [2016-06-16 08:55:49] micmix : on june [2016-06-16 08:56:02] zanza : that 38k is anomaly [2016-06-16 08:56:20] micmix : you can build big positions but closing them fast is a different story [2016-06-16 08:56:26] j8 : it's a liquidation, little over 25k already filled [2016-06-16 08:57:44] zanza : that is actually not a bad deal [2016-06-16 08:57:59] micmix : j8, not sure if you saw but we had 107k liq on june, already cleared [2016-06-16 08:58:59] j8 : sleger had 100k short didn't he [2016-06-16 08:59:10] micmix : yep, that's what he said [2016-06-16 09:00:19] elmorte : arbitrage001: BitX is below USD spot [2016-06-16 09:07:19] rapidtrades : j8: sleger got LIQed? [2016-06-16 09:07:34] rapidtrades : there's another 40k LIQ on sept [2016-06-16 09:07:59] j8 : dunno, but the quantity matches and he left it unattended [2016-06-16 09:08:14] rapidtrades : i doubt he would do that [2016-06-16 09:08:19] j8 : me too [2016-06-16 09:09:22] j8 : but he committed to holding until expiry, and there's no liquidity to close. so at some point it makes sense [2016-06-16 09:10:22] Bacon futures trader : Can u see the % short/long on any exchange? [2016-06-16 09:10:25] rapidtrades : why would u close at $230+ premium [2016-06-16 09:10:49] j8 : talking about june, not sept [2016-06-16 09:11:00] rapidtrades : JUNE [2016-06-16 09:11:07] rapidtrades : DON'T TALK TO ME ABOUT JUNE [2016-06-16 09:11:14] j8 : oh yeah? [2016-06-16 09:24:51] men : buy order are increasing... i think it will go up [2016-06-16 09:25:41] BTCDJS : men: Last leg so be careful [2016-06-16 09:25:53] men : BTCDJS: hello my friend ;) [2016-06-16 09:26:12] BTCDJS : men: hey pal :) [2016-06-16 09:27:14] men : BTCDJS: i'm looking on other exchange, OKC and other .. it seems the order are increasing, but we must be careful [2016-06-16 09:28:01] elmorte : Huob below finex...oh noooo [2016-06-16 09:28:03] BTCDJS : men: yes I expect massive surge up the flash crash down to low 600 [2016-06-16 09:28:24] BTCDJS : but Im speculating [2016-06-16 09:28:37] BTCDJS : the bubble has to pop sometime [2016-06-16 09:28:37] men : uobi can't break 4860, while the other are going up [2016-06-16 09:29:06] elmorte : oh yeah...okc bullish [2016-06-16 09:29:19] men : BTCDJS: i don't know if there will be a crash or a rally :D ... i hope a rally :D [2016-06-16 09:29:27] men : elmorte: yeah so much bullish [2016-06-16 09:30:07] REKT : Liquidated short on `XBJ24H`: Buy 8500 @ 77752.00000 [2016-06-16 09:30:27] BTCDJS : men: just to be careful Im closing my position 810 though it may reach 860 here on bitmex [2016-06-16 09:30:55] men : BTCDJS: yeah yeah i know :D thanks [2016-06-16 09:31:15] BTCDJS : men: yeah yeah you're welcome [2016-06-16 09:32:03] men : BTCDJS: :) [2016-06-16 09:32:34] BTCDJS : :D [2016-06-16 09:33:42] Bacon futures trader : I'm short some. Btccny looks toppish as we manage to hold here. [2016-06-16 09:34:09] Bacon futures trader : Dips still a buy though [2016-06-16 09:35:50] justinlooking : pmsl: https://www.youtube.com/watch?v=7FcwbtAC1R0 [2016-06-16 09:36:32] men : come Huob :P [2016-06-16 09:36:38] men : * come on [2016-06-16 09:38:23] BTCDJS : justinlooking: damn daniel [2016-06-16 09:39:41] Bacon futures trader : Pull the bid [2016-06-16 09:50:16] dharmabum : What do you gentlemen do with your BTC here while you're sleeping, assuming you have no bots? [2016-06-16 09:51:26] kogroken : Set stops, have a position with a very low liq price. [2016-06-16 09:51:30] jung1 : http://exchangewar.info/ bitmex is 18th biggest exchange [2016-06-16 09:51:34] elmorte : Bitmex_Wally bathes in mine [2016-06-16 09:52:18] elmorte : leaves a little deposit every night too...:) [2016-06-16 09:52:25] dharmabum : kogroken: stops on positions? [2016-06-16 09:52:43] dharmabum : elmorte: heh. scrooge mcduck. [2016-06-16 09:52:50] kogroken : yes? [2016-06-16 09:53:37] dharmabum : if holding BTC, one is long. setting stops implies stopping to another currency, no? [2016-06-16 09:54:04] kogroken : I wouldn't place stops to enter positions when I'm sleeping, although I guess that could be made to work, but I'd prefer some more advanced bot in that case that could set up stop losses for the opened positions. [2016-06-16 09:54:38] dharmabum : kogroken: how would you go flat overnight? to USD for example... [2016-06-16 09:55:15] kogroken : dharmabum: If I sleep with a position open, I usually have a stoploss. I'm sleeping with plain BTC all the time :P [2016-06-16 09:55:31] kogroken : I meant stoplosses for leveraged positions. [2016-06-16 09:55:42] dharmabum : kogroken: heh heh. OK yeah, many ppl are at the moment lol. [2016-06-16 09:55:53] dharmabum : kogroken: gotcha. yep [2016-06-16 09:56:25] kogroken : I have found it useful to try to maximize BTC instead of USD. [2016-06-16 09:56:52] dharmabum : kogroken: it is something of a roller-coaster. [2016-06-16 09:57:23] kogroken : (Of course the end goal is to try to maximize value, so if BTC starts to look broken and down I'd go to fiat or elsewhere) [2016-06-16 09:57:51] kogroken : Yeah, volatility is high when we are in bubble territory. [2016-06-16 10:02:39] dharmabum : kogroken: hey, thanks for your thoughts. [2016-06-16 10:03:08] kogroken : you are welcome, for what they are worth. [2016-06-16 10:03:12] dharmabum : kogroken: what if BTC starts to look broken while you sleep :-) [2016-06-16 10:03:46] dharmabum : kogroken: I appreciate peoples' perspectives… [2016-06-16 10:03:56] aethlios : Tim Draper in profit..... [2016-06-16 10:04:13] dharmabum : aethlios: well in the money. [2016-06-16 10:04:36] kogroken : I was thinking of fundamental issues. I'm expecting to have enough time to exit in a day or so, if I keep up with the news (there's always some risk that it will just crash overnight as well thou) [2016-06-16 10:05:23] dharmabum : kogroken: where would you go to fiat? okcoin? [2016-06-16 10:05:43] dharmabum : haha. okcoin < økcøin [2016-06-16 10:06:03] dharmabum : lol. somebody has a sense of humor. [2016-06-16 10:06:36] dharmabum : poloniex [2016-06-16 10:06:37] kogroken : dharmabum: If I want to buy some fiat and transfer it out I'd probably do it at some of the more reputable exchanges. [2016-06-16 10:06:58] kogroken : Oh, it autoconverts okcoin? :P [2016-06-16 10:07:01] dharmabum : kogroken: what about USDT? [2016-06-16 10:07:16] dharmabum : kogroken: yes, autoconverts. wonder what else does? [2016-06-16 10:07:16] elmorte : I don 't get the reference...does woodchipper mean something else as well? [2016-06-16 10:07:37] dharmabum : Fargo? [2016-06-16 10:08:31] kogroken : dharmabum: Is USDT the tether thing? [2016-06-16 10:08:46] kogroken : I guess it could be used for arbitrage. [2016-06-16 10:08:56] dharmabum : kogroken: yes, but I'm wondering where it is best traded. [2016-06-16 10:09:36] dharmabum : poloniex, but liquidity terrible. [2016-06-16 10:09:50] kogroken : Dunno, I don't expect that it has very high liquidity. [2016-06-16 10:12:43] dharmabum : bitfinex a partner but no trading [2016-06-16 10:14:07] dharmabum : kogroken: poloniex offering USDT/BTC @733 :( [2016-06-16 10:14:31] dharmabum : US$3 spread. [2016-06-16 10:17:33] kogroken : I'm comfortable holding BTC, but if you really wanted to keep USD on an exchange then bitfinex is an option [2016-06-16 10:17:58] dharmabum : kogroken: thx! [2016-06-16 10:18:02] dharmabum : goodnight all. [2016-06-16 10:18:21] kogroken : night [2016-06-16 10:26:08] jung1 : protip: tommorow waves will be on bittrex and polo [2016-06-16 10:37:47] wurstgelee : jung1: i bought some yesterday at yobit [2016-06-16 10:37:50] wurstgelee : worth a gamble imo ;) [2016-06-16 10:38:40] elmorte : you bought actual ones or IOUs? [2016-06-16 10:39:00] jung1 : iou [2016-06-16 10:39:04] jung1 : it start tommorow [2016-06-16 10:39:21] elmorte : ahhh...then prob not worth the gamble [2016-06-16 10:39:27] elmorte : I missed out on the ICO [2016-06-16 10:39:57] jung1 : I bought some [2016-06-16 10:40:04] jung1 : https://bitcointalk.org/index.php?topic=1445947.0 [2016-06-16 10:40:50] jung1 : I invested same money in lisk, waves [2016-06-16 10:42:42] elmorte : lucky you... [2016-06-16 10:42:42] jung1 : https://bitcointalk.org/index.php?topic=1477055.0 wings looks promissing also [2016-06-16 10:43:52] elmorte : Wings closed already....I still haven't gotten my money back from The DAO so I'm not keen on any eth tokens [2016-06-16 10:46:39] jung1 : I did not touch dao [2016-06-16 10:46:57] elmorte : you said [2016-06-16 10:47:34] elmorte : I was carried by the lisk momentum :) Plus eth was just sitting there... [2016-06-16 10:48:38] elmorte : is that 1500 eth to run a node thing confirmed yet? [2016-06-16 10:49:10] jung1 : thats the plan [2016-06-16 10:49:18] jung1 : but dont know its official [2016-06-16 10:50:17] jung1 : https://bitcointalk.org/index.php?topic=1512202.0 waves clone. now you have to only make nice graphic, fresh idea and good text to collect money in ico [2016-06-16 10:50:22] futuretrader : how do remove indicators [2016-06-16 10:50:25] jung1 : maybe we will make one? [2016-06-16 10:50:51] jung1 : futuretrader: click on them [2016-06-16 10:51:45] futuretrader : jung1: it just maximizes it [2016-06-16 10:51:58] jung1 : click on name [2016-06-16 10:52:08] jung1 : same as ju turn on them [2016-06-16 10:52:30] jung1 : or click right and 'hide" [2016-06-16 10:52:31] futuretrader : i did it just made more [2016-06-16 10:53:29] jung1 : or click right and 'reset chart' [2016-06-16 10:56:14] futuretrader : not working [2016-06-16 10:56:36] elmorte : is your computer plugged in? [2016-06-16 10:57:34] jung1 : switch monitor [2016-06-16 11:01:01] men : are waves coming to polo today? [2016-06-16 11:01:59] jung1 : tommorow [2016-06-16 11:03:05] jung1 : https://wp.stakepool.com/2016/06/16/waves-is-launching-on-bittrex-poloniex-tomorrow-this-is-what-you-need-to-know-bitcoin-wavesplatform/ [2016-06-16 11:03:21] men : jung1: thank you very much :D [2016-06-16 11:03:37] jung1 : np [2016-06-16 11:03:47] jung1 : 36855 satoshi was ico price per 1 waves [2016-06-16 11:03:53] jung1 : could be fun [2016-06-16 11:13:59] men : jung1: yeah so much funny :D :D [2016-06-16 11:15:07] lockhedge : agreement on EU financial transaction tax reached [2016-06-16 11:15:50] jung1 : tl;dr? [2016-06-16 11:16:01] luckynuke : hey lads [2016-06-16 11:16:12] jung1 : its official [2016-06-16 11:16:22] REKT : Liquidated short on `XBTUSD`: Buy 90000 @ 743.26 **EPIC REKT** :unamused: :confounded: :astonished: [2016-06-16 11:16:30] jung1 : netherlands change their name to etherlands [2016-06-16 11:17:52] REKT : Liquidated short on `XBTUSD`: Buy 1290 @ 744.11 [2016-06-16 11:19:09] laurenssteen : BTCDJS: I want to close my position before funding. Entry price was 742.4 and if I sell at 744, I will profit right? The price on unrealised pnl is based on mark price? [2016-06-16 11:19:16] luckynuke : EPIC rekt ! [2016-06-16 11:19:34] BTCDJS : laurenssteen: yes [2016-06-16 11:19:53] BTCDJS : as long as you exit above the entry price [2016-06-16 11:20:01] BTCDJS : long [2016-06-16 11:20:13] BTCDJS : but do not use close market [2016-06-16 11:20:44] laurenssteen : Just to be sure because i've never closed a position with a lower mark price but a higher sell [2016-06-16 11:22:12] BTCDJS : laurenssteen: if you set a limit order to sell at 748 now. The order will be filled by the order book. by someone moving against you. so anyone in red [2016-06-16 11:22:18] rapidtrades : finally a great month both in forex and crypto [2016-06-16 11:22:31] BTCDJS : laurenssteen: but this is going higher [2016-06-16 11:23:14] rapidtrades : ok it's an good forex month not grrat [2016-06-16 11:24:37] jung1 : rapidtrades: what do you think, how forex will react on brexit? [2016-06-16 11:24:48] rapidtrades : awesome [2016-06-16 11:25:12] rapidtrades : vote is so thin it will have great volatility either way [2016-06-16 11:25:31] jung1 : its 24th of june right? [2016-06-16 11:25:44] rapidtrades : 23rd [2016-06-16 11:25:55] rapidtrades : in 1 week [2016-06-16 11:26:52] REKT : Liquidated short on `XBTUSD`: Buy 3550 @ 747.44 [2016-06-16 11:28:53] REKT : Liquidated short on `XBTUSD`: Buy 100 @ 750.22 [2016-06-16 11:28:53] REKT : Liquidated short on `XBTUSD`: Buy 728 @ 750.14 [2016-06-16 11:29:15] wurstgelee : isnt it bautiful? :D [2016-06-16 11:29:21] REKT : Liquidated short on `XBJ24H`: Buy 3500 @ 78741.00000 [2016-06-16 11:29:21] wurstgelee : *beautiful [2016-06-16 11:29:30] futuretrader : sell side on bitcoin so weak [2016-06-16 11:29:42] jung1 : bitcoin was better at $400 [2016-06-16 11:30:04] BTCDJS : rapidtrades: think we will see 810 in bitmex? Or am I being too optimistic? [2016-06-16 11:30:14] futuretrader : there will be a fall in bitcoin but question is when [2016-06-16 11:30:33] laurenssteen : BTCDJS: don't want to sell right now, but the funding is extremely high [2016-06-16 11:30:40] Blargwaffle : When China's debt crisis is over. [2016-06-16 11:30:59] rapidtrades : June 17th at 14:30 UTC (7:30 PST, 10:30 EST, 22:30 HKT) we will be making infrastructure upgrades that require us to pause all site operations for the duration of the upgrade (~60 minutes). [2016-06-16 11:31:07] ayy_lmao : if i close my position in profit after re- balancing, will i have access to those funds to trade, or do i need to close it before [2016-06-16 11:31:08] rapidtrades : ^^^ they can not be srs [2016-06-16 11:31:21] rapidtrades : finex is the dumbest crypto exchngaes iswear [2016-06-16 11:32:13] BTCDJS : laurenssteen: yeah its a bitch. but IMO this is the last leg up. so Its probably worth it to stick it out [2016-06-16 11:32:25] j8 : yeah, so the index will be half frozen.. that's gonna be brutal [2016-06-16 11:33:29] rapidtrades : no doubt they're gonna rollout some stupid lil change [2016-06-16 11:33:38] Blargwaffle : 火币 [2016-06-16 11:33:40] rapidtrades : that will make their shitty site laaag even more [2016-06-16 11:33:44] rapidtrades : useless cunts [2016-06-16 11:34:19] Blargwaffle : Fire Credits? Burning money... [2016-06-16 11:35:29] rapidtrades : burn those monies!!!!!!!!!!!!!!!!!!!!!!!!!!!! [2016-06-16 11:35:33] rapidtrades : burn emmmmmm [2016-06-16 11:35:51] Blargwaffle : Maybe huobi should be the incinerator. [2016-06-16 11:36:06] rapidtrades : complete site is so laggy its not usable for me right now [2016-06-16 11:36:13] rapidtrades : this always happens whenever there's a move [2016-06-16 11:36:19] rapidtrades : useless f exchange [2016-06-16 11:38:42] laurenssteen : BTCDJS: ok [2016-06-16 11:38:55] billz : dat dip doe [2016-06-16 11:39:09] lockhedge : is there an issue with kaiko (index, mark price is updating very slowly)? @BitMEX [2016-06-16 11:39:29] BTCDJS : daaaaayyyyyyaaaaaam [2016-06-16 11:39:50] billz : regardless of funding rate, might be worth it to buy in here [2016-06-16 11:40:22] REKT : Liquidated long on `XBTUSD`: Sell 30 @ 745.29 [2016-06-16 11:40:27] billz : i'll wait though [2016-06-16 11:40:44] BTCDJS : is this the dump? [2016-06-16 11:40:49] BTCDJS : WTF [2016-06-16 11:41:56] rapidtrades : why is the kaiko index lagging so much [2016-06-16 11:42:14] rapidtrades : move the f down u pos [2016-06-16 11:43:11] rapidtrades : srsly index should be $10 lower why not [2016-06-16 11:43:16] billz : it says 743 on the site too, maybe because okcoin didn't dump [2016-06-16 11:43:23] rapidtrades : 728 [2016-06-16 11:43:48] rapidtrades : finex 728 [2016-06-16 11:43:56] rapidtrades : fix ur stupid index [2016-06-16 11:43:57] billz : oh wait nah [2016-06-16 11:44:04] billz : it's at 737 [2016-06-16 11:44:18] rapidtrades : i was told there's only a 5s lag [2016-06-16 11:44:22] rapidtrades : is this not accurate [2016-06-16 11:44:28] lockhedge : non-frozen index here https://robotfinance.org/bix/beta/ [2016-06-16 11:44:52] rapidtrades : dude i have okc and finex open, i don't need the index to see that smth is wrong [2016-06-16 11:45:10] rapidtrades : support ur index is wrong [2016-06-16 11:45:34] rapidtrades : move the f index and wrecks some longs god damit [2016-06-16 11:45:35] billz : yeah someone hurry and fix this before funding rate kicks in [2016-06-16 11:45:37] laurenssteen : WTF that stupid index [2016-06-16 11:45:40] aethlios : XBT spot doesn't update [2016-06-16 11:46:52] REKT : Liquidated long on `XBTUSD`: Sell 1000 @ 736.24 [2016-06-16 11:46:56] rapidtrades : finally [2016-06-16 11:47:04] BTCDJS : WTF is going on here? [2016-06-16 11:47:06] rapidtrades : only 1k tho [2016-06-16 11:47:09] ayy_lmao : lol [2016-06-16 11:47:16] rapidtrades : BTCDJS: they just updated the index [2016-06-16 11:47:18] donatan : why was is showing wrong market price [2016-06-16 11:47:25] billz : word now it can lag lower lol [2016-06-16 11:47:28] donatan : in open positions and in chart? [2016-06-16 11:47:46] rapidtrades : no clue [2016-06-16 11:47:52] BTCDJS : rapidtrades: ok [2016-06-16 11:50:07] BTCDJS : rapidtrades: so this is an artificial dump? [2016-06-16 11:51:35] rapidtrades : looks like a real dump to me [2016-06-16 11:51:36] rapidtrades : :) [2016-06-16 11:51:43] donatan : bitmex are you here? [2016-06-16 11:51:51] Blargwaffle : The site is still here. [2016-06-16 11:51:53] donatan : anyone ? [2016-06-16 11:51:57] donatan : anyone from bitmex [2016-06-16 11:52:17] BTCDJS : Ah FFS [2016-06-16 11:52:21] laurenssteen : how much is the actual mark price right now? [2016-06-16 11:52:35] BTCDJS : 732 [2016-06-16 11:52:47] rapidtrades : 732 should be accurate [2016-06-16 11:53:00] rapidtrades : it will jump in 8 mins tho due to new fee [2016-06-16 11:53:07] donatan : if I click close at market price will it start taking it from the book or will it close the whole thing by market price? [2016-06-16 11:53:18] rapidtrades : orderbook [2016-06-16 11:53:26] donatan : so the market price is useless [2016-06-16 11:53:34] donatan : and lies [2016-06-16 11:53:38] ayy_lmao : not really [2016-06-16 11:53:39] rapidtrades : the mark price is only there for liquidation [2016-06-16 11:53:59] donatan : i see, but the caprions on the chart, [2016-06-16 11:54:06] donatan : it also is based on marketprice [2016-06-16 11:54:07] rapidtrades : in 7 mins u'll get the mark price ...are u short or long [2016-06-16 11:54:10] donatan : which is not true [2016-06-16 11:54:28] donatan : it says prifit/loss but its not true profit [2016-06-16 11:54:42] rapidtrades : u got that right sparky [2016-06-16 11:54:44] ayy_lmao : well thats with all exchanges [2016-06-16 11:54:47] BTCDJS : laurenssteen: longs with negative pal don't pay funding [2016-06-16 11:54:52] ayy_lmao : there is always slippage [2016-06-16 11:54:52] BTCDJS : PNL [2016-06-16 11:55:01] rapidtrades : BTCDJS: that's not true [2016-06-16 11:55:08] donatan : maybe it is but why wont it calculate based on book [2016-06-16 11:55:11] BTCDJS : rapidtrades: thats what wally told me [2016-06-16 11:55:18] rapidtrades : they don't pay DPE, every long pay the fee [2016-06-16 11:55:31] laurenssteen : BTCDJS: as long you are long you have to pay the funding normally [2016-06-16 11:55:45] Blargwaffle : Every position participates in funding. [2016-06-16 11:55:53] Blargwaffle : Profitable positions participate in DPE. [2016-06-16 11:55:57] BTCDJS : laurenssteen: why did he tell me that? [2016-06-16 11:55:58] BitMEX_Wally : Correct [2016-06-16 11:56:01] ayy_lmao : oh, u will need to use the calculator for your true pnl [2016-06-16 11:56:14] ayy_lmao : still waiting on a accurate pnl feature here [2016-06-16 11:56:16] BitMEX_Wally : https://www.bitmex.com/app/wallet [2016-06-16 11:56:33] BitMEX_Wally : I have added marginBalance and fee (DPE) to the wallet history [2016-06-16 11:56:46] BTCDJS : BitMEX_Wally: people with negative PNL still pay the funding fee? [2016-06-16 11:56:52] rapidtrades : cool tnx @BitMEX_Wally [2016-06-16 11:56:55] BitMEX_Wally : So that pending CashRebalance includes all your PNL minus DPE [2016-06-16 11:57:12] BitMEX_Wally : BTCDJS: Anyone who is long pays a positive funding fee, it is included in the maintenance margin [2016-06-16 11:57:27] BTCDJS : damnit [2016-06-16 11:57:48] BitMEX_Wally : But after funding the price will rise, so you'll get it back as unrealised profit [2016-06-16 11:58:03] laurenssteen : BitMEX_Wally: why is the funding fee that much higher then let's say 15 days ago [2016-06-16 11:58:22] BitMEX_Wally : Because more retail demand going long on the swap [2016-06-16 11:58:30] rapidtrades : they're adding the premium in now @laurenssteen [2016-06-16 11:58:33] BitMEX_Wally : Probably something to do with the price of Bitcoin going up 20% [2016-06-16 11:59:06] laurenssteen : BitMEX_Wally: how is it calculated [2016-06-16 11:59:36] BitMEX_Wally : https://www.bitmex.com/app/swapsGuide#premium-index [2016-06-16 11:59:36] rapidtrades : BitMEX_Wally: i believe ur index is f again [2016-06-16 11:59:56] BitMEX_Wally : rapidtrades: Which index `.XBT`? [2016-06-16 12:00:04] Blargwaffle : It looks ok... [2016-06-16 12:00:09] REKT : Liquidated short on `XBTUSD`: Buy 516586 @ 731.58 **REKTosaurus** :slot_machine: :moneybag: :fire: [2016-06-16 12:00:25] ayy_lmao : l o l [2016-06-16 12:00:43] BitMEX_Wally : That's the same liquidation order [2016-06-16 12:00:47] BitMEX_Wally : It gets resubmitted after the rebalance [2016-06-16 12:00:59] ayy_lmao : yah so how do we fix dpe [2016-06-16 12:01:06] BTCDJS : WTF? [2016-06-16 12:01:16] rapidtrades : prices go down, only way to fix dpe [2016-06-16 12:01:19] ayy_lmao : oh price moved fast [2016-06-16 12:01:23] ayy_lmao : i see it [2016-06-16 12:01:26] BTCDJS : thats an expensive funding fee [2016-06-16 12:01:31] Blargwaffle : DPE should fix itself over time. [2016-06-16 12:01:38] Blargwaffle : Unless there's some sharp spot movement. [2016-06-16 12:02:01] BitMEX_Wally : Rebalance brings the liquidation order up to the spot price [2016-06-16 12:02:50] ayy_lmao : k [2016-06-16 12:04:17] bdo : dunno [2016-06-16 12:04:28] BTCDJS : laurenssteen: were you badly affected? [2016-06-16 12:04:39] bdo : but luckily we get long before that was triggered [2016-06-16 12:05:07] BitMEX_Wally : There was no DPE [2016-06-16 12:05:17] bdo : wrong chat [2016-06-16 12:05:37] laurenssteen : BTCDJS: had a pos of 50k so yup [2016-06-16 12:05:43] ayy_lmao : lol [2016-06-16 12:06:02] BTCDJS : laurenssteen: That stupid little dump [2016-06-16 12:06:38] BTCDJS : Im still holding. [2016-06-16 12:07:07] laurenssteen : BTCDJS: me2 [2016-06-16 12:07:19] BTCDJS : laurenssteen: fingers crossed [2016-06-16 12:08:11] yerb : who sold into the wall? [2016-06-16 12:08:31] laurenssteen : no way I'm paying that next f fund [2016-06-16 12:08:37] ayy_lmao : gat damn [2016-06-16 12:08:39] rapidtrades : ppl with money @yerb [2016-06-16 12:08:40] ayy_lmao : 0.8 [2016-06-16 12:10:22] BTCDJS : all or nothing 800 [2016-06-16 12:10:29] Mr Blue : Any guestimates for today?? 755 or 705?? [2016-06-16 12:10:56] Bacon futures trader : 5000 cny is the sweetspot [2016-06-16 12:11:07] rapidtrades : we never got there tho [2016-06-16 12:11:09] rapidtrades : 4950 [2016-06-16 12:11:17] Bacon futures trader : not yet [2016-06-16 12:11:32] rapidtrades : its possible that we dont get there :) [2016-06-16 12:11:39] Bacon futures trader : That is correct [2016-06-16 12:11:52] Bacon futures trader : But trend is still up so plan on buying the dip [2016-06-16 12:11:53] rapidtrades : tnx ur validation means smth to me [2016-06-16 12:11:57] rapidtrades : not a lot, but smth [2016-06-16 12:12:03] BTCDJS : shut up you two. we are getting there [2016-06-16 12:12:08] Bacon futures trader : lmao [2016-06-16 12:12:27] rapidtrades : BTCDJS: have u opened other accounts elsewhere? [2016-06-16 12:12:34] Mr Blue : To us Brits we just moved past £500 at 520 now so a drop down to 500 isn't impossible [2016-06-16 12:12:34] BTCDJS : rapidtrades: yes [2016-06-16 12:12:43] Mr Blue : Bacon futures trader: cool [2016-06-16 12:13:05] rapidtrades : BTCDJS: cool [2016-06-16 12:13:21] BTCDJS : rapidtrades: but i prefer here [2016-06-16 12:17:03] Mr Blue : Shorted 1000 at 741 [2016-06-16 12:17:32] billz : This is looking similar to what happened in 4700 cny area with the big dip to 4590, retrace and then bigger dip to 4480 [2016-06-16 12:19:36] yerb : liquidation wall moving higher, wtf [2016-06-16 12:20:15] Mr Blue : yerb: good it gets to 741 I'll start shorting more on it lol [2016-06-16 12:20:17] BTCDJS : yerb: you paid the fee out of you maintenance margin [2016-06-16 12:20:19] yerb : this is bullshit, we would go lower if it wasnt so high [2016-06-16 12:23:21] rapidtrades : calm down pl0x [2016-06-16 12:28:10] rapidtrades : rally done for today imo....maybe we'll get smth around okc settlement [2016-06-16 12:33:15] Mr Blue : It looks like it's over when you consider sell pressure is now greater on fiñex then buy pressure all way down to $500, but I've seen it turn around in the blink of an eye, however I'm to be a little risky and short from 740+ got a little $1000 short in already, entry 741 [2016-06-16 12:33:44] Mr Blue : I'm going to be a little risky* [2016-06-16 12:38:22] Mr Blue : Not -2000 at 740.61, haha I should try short higher than first time, idiot [2016-06-16 12:38:42] Mr Blue : Now -2000* [2016-06-16 12:52:08] Mr Blue : Now -6000 average entry 740.20... but I think I'll leave it at that, so I can double up if it goes 750 [2016-06-16 12:57:01] podizzle3k : sup trollbox [2016-06-16 12:57:22] podizzle3k : 08:20 - yerb: this is bullshit, we would go lower if it wasnt so high [2016-06-16 12:57:26] podizzle3k : haha wtf [2016-06-16 12:58:11] podizzle3k : reminds me of the shitcoin holders "if everyone would stop selling the price wouldn't go down!" [2016-06-16 12:59:11] justinlooking : podizzle3k: tbf he was talking about the 400k liq that kept moving up [2016-06-16 12:59:32] podizzle3k : looks like it cleared up [2016-06-16 12:59:46] justinlooking : yeh, about 300k at 439 [2016-06-16 12:59:57] justinlooking : *739 [2016-06-16 12:59:59] podizzle3k : wow it dipped all the way to 439 [2016-06-16 13:00:08] podizzle3k : aww u beat me [2016-06-16 13:00:14] justinlooking : soz, old habbits [2016-06-16 13:00:47] podizzle3k : yeah i know what you mean [2016-06-16 13:01:02] podizzle3k : i was so confused yesterday i was saying the price was 6650 cny [2016-06-16 13:01:51] podizzle3k : i guess the xbt index is about $3 higher than finex surprisingly [2016-06-16 13:07:01] men : another leg up? :D [2016-06-16 13:10:21] NukeLaloosh : question: `Funding Basis`is used to adjust spot to `mark price` only with XBTUSD? [2016-06-16 13:12:25] Mr Blue : BitMEX_Wally: how come I never get ref fee's? Are you guys trying to say I'm cheating? Because I've not even set up a second account yet lol, they're some of my Facebook friends from one post I did so far to help the site. [2016-06-16 13:12:53] podizzle3k : men i dont think it counts as another leg up if the price just took a leg down [2016-06-16 13:14:05] wurstgelee : podizzle3k: its great if u btfd tho [2016-06-16 13:14:09] wurstgelee : doesnt matter if leg or not [2016-06-16 13:14:10] wurstgelee : =) [2016-06-16 13:15:35] podizzle3k : i like turtles [2016-06-16 13:15:58] wurstgelee : i prefer beef tbh [2016-06-16 13:18:17] podizzle3k : you just offended all our hindu users [2016-06-16 13:18:34] wurstgelee : sok [2016-06-16 13:19:16] Mr Blue : podizzle3k: sure because eating wild cow is much better than a domesticated, somebody should tell the buf is wild beef lol [2016-06-16 13:19:28] Mr Blue : Tell them* [2016-06-16 13:20:19] wurstgelee : damn u rebalancing [2016-06-16 13:20:51] wurstgelee : every time same thing. almost heart attack because upnl suddenly way smaller [2016-06-16 13:20:55] podizzle3k : haha [2016-06-16 13:21:34] podizzle3k : go hover your mouse over entry price and console yourself [2016-06-16 13:21:35] BitMEX_Wally : NukeLaloosh: yes only XBTUSD for now has Funding Premium [2016-06-16 13:21:36] wurstgelee : went from 310% to now 60% [2016-06-16 13:21:43] wurstgelee : podizzle3k: yes, that helps [2016-06-16 13:21:46] wurstgelee : a lot :D