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 16:42:54] Mr Blue : lockhedge: I'll take your word on that one mate, but I'd rather have one position get liquidated, then all of them because of one bad trade an no margin left, but I already admitted I'm noob when It comes to cross, so I'll take your word sir
[2016-06-16 16:43:07] Mr Blue : fes1974: yep ?
[2016-06-16 16:45:25] rapidtrades : massive risk reversal going on right now
[2016-06-16 16:46:09] rapidtrades : cable erased all losses today
[2016-06-16 16:48:29] QuantFocus : fes1974: it's only 10x if you buy/sell 10x more of the underlying
[2016-06-16 16:48:29] tscha : justinlooking: BitMEX_Wally - you are both British, what's your opinion on the Brexit?
[2016-06-16 16:48:47] lockhedge : Mr Blue: every time you use isolated margin instead of a stop loss order you'll lose your maintenance margin to the insurance fund
[2016-06-16 16:49:28] QuantFocus : fes1974: i.e. if you have 1XBT on margin, and go 1x, then you have a $740 position. if you go 10x, you have a 10XBT position worth $7400. Therefore, your gains are based on 7400 instead of 740
[2016-06-16 16:50:04] QuantFocus : But as others have said, you can lose your entire margin balance quicker (10% move instead of 100%), by going 10x leverage
[2016-06-16 16:50:49] QuantFocus : Actually, less than 10% move, as the maintenance margin is not 0
[2016-06-16 16:51:26] Blargwaffle : Brexit is dead as that MP.
[2016-06-16 16:51:36] QuantFocus : Blargwaffle: That's messed up.
[2016-06-16 16:51:43] Blargwaffle : Struth.
[2016-06-16 16:52:23] fes1974 : QuantFocus: yeah i understand, but i cant see that anywhere when placing an order that its worth 10x more. the unrealised PNL dont show a 10x reward if it goes up in price on a long order. i cant see the difference
[2016-06-16 16:52:36] QuantFocus : fes1974: Last point...to use 10x leverage, you actually have to open a position 10x your margin balance. you can't adjust it with the margin slider
[2016-06-16 16:53:00] fes1974 : QuantFocus: ok
[2016-06-16 16:54:32] podizzle3k : i like when the goin gets tough on factom the MM bot just bounces the fuck out
[2016-06-16 16:56:07] Mr.Coins : is there a way to switch to cross margin mode?
[2016-06-16 16:56:27] fes1974 : i placed an order 10x leverage xbt long from 738 @ 1000 usd. lets see how that goes
[2016-06-16 16:57:03] elmorte : lockhedge: thank you, finally some love for the cross margin
[2016-06-16 16:59:37] fes1974 : Mr.Coins: just place the slider all the way to left
[2016-06-16 16:59:44] fes1974 : before making an order
[2016-06-16 17:00:33] j8 : man, okc is f'd. quarterly premium is capped now
[2016-06-16 17:00:36] elmorte : You can do it afterwards as well
[2016-06-16 17:01:13] elmorte : j8: is that a new development?
[2016-06-16 17:01:25] j8 : just today
[2016-06-16 17:01:26] justinlooking : tscha: I'm voting leave, but i'm very confident the result will be remain
[2016-06-16 17:01:42] Mr.Coins : fes1974: thank you :)
[2016-06-16 17:02:01] elmorte : j8: got link?
[2016-06-16 17:02:08] j8 : it got up to 15% premium earlier, now there's a limit of around $65
[2016-06-16 17:02:35] j8 : i'm logged in now and i can't buy at 813
[2016-06-16 17:02:55] elmorte : No announcement?
[2016-06-16 17:03:55] j8 : heres some people talking about it on reddit https://www.reddit.com/r/BitcoinMarkets/comments/4obib5/daily_discussion_thursday_june_16_2016/d4bo2rn
[2016-06-16 17:04:43] j8 : i dunno, i was trading it all day and no one told me. there was nothing on the page, it just started rejecting orders and i was confused
[2016-06-16 17:06:17] elmorte : Whoa...
[2016-06-16 17:06:46] Guest64838 : ?join elmorte
[2016-06-16 17:06:59] j8 : so right now there's some big bid walls that people can close into, but no one can bid in front of
[2016-06-16 17:09:15] Elmorte-irc : Someone here looking for me?
[2016-06-16 17:09:31] rapidtrades : they can not be srs
[2016-06-16 17:10:06] j8 : yeah i'm baffled
[2016-06-16 17:10:20] rapidtrades : thats one of the scammiest things i've heard of
[2016-06-16 17:10:31] rapidtrades : so they have a wested interest in keeping prices low
[2016-06-16 17:10:37] rapidtrades : prolly short themselves
[2016-06-16 17:10:50] j8 : i have no idea why they care if it's volatile
[2016-06-16 17:10:53] elmorte : Certainly appears that way...
[2016-06-16 17:10:57] j8 : i thought it was supposed to be fomo central
[2016-06-16 17:11:21] tscha : so sleger will leave okcoin too I guess :)
[2016-06-16 17:11:46] elmorte : He's gonna start his own exchange
[2016-06-16 17:12:44] j8 : market doesn't know what to do when they can't buy up the quarterly
[2016-06-16 17:13:12] Elmorte-irc : /query NukeL
[2016-06-16 17:14:46] rapidtrades : j8: buy finex
[2016-06-16 17:15:05] Blargwaffle : Wonder if...
[2016-06-16 17:15:06] Blargwaffle :
DCC SEND animu.avi 2130706433 1024 1024

[2016-06-16 17:15:20] Blargwaffle : Or, were those characters stripped? :P
[2016-06-16 17:15:30] Blargwaffle : I should probably go there on my IRC client...
[2016-06-16 17:15:31] podizzle3k : nice try elmorte
[2016-06-16 17:15:48] podizzle3k : sleger raining crocodile tears right now
[2016-06-16 17:15:50] Blargwaffle :
DCC SEND animu.avi 2130706433 1024 1024

[2016-06-16 17:15:54] podizzle3k : lol
[2016-06-16 17:15:56] Adura : Naw, doesn't work.
[2016-06-16 17:16:07] podizzle3k : what is this porno trading chat now
[2016-06-16 17:16:14] Adura : You know it. ;)
[2016-06-16 17:16:34] podizzle3k : sleger throwing a tantrum lets see how okcoin repsonds to his concerns wuahhaha
[2016-06-16 17:16:42] Adura : huobi
[2016-06-16 17:16:48] QuantFocus : podizzle3k: ??
[2016-06-16 17:16:50] Blargwaffle : Just text, gotcha.
[2016-06-16 17:17:05] podizzle3k : QuantFocus: apparently okcoin has put a cap on quarterly price
[2016-06-16 17:17:16] QuantFocus : What's the woodchipper?
[2016-06-16 17:17:31] markimarki : i'm curios that how the mark price calculated can you tell me?
[2016-06-16 17:17:58] QuantFocus : markimarki: you can check out all contract details with the links above
[2016-06-16 17:18:06] QuantFocus : really useful resource
[2016-06-16 17:18:15] markimarki : thanks
[2016-06-16 17:18:42] QuantFocus : markimarki: it's just a little complicated to try to explain over cht
[2016-06-16 17:22:24] BitMEX_Wally : The mark price is the Kaiko BitMEX index plus the funding rate 0.8204% proportional to the time left in the funding period: https://www.kaiko.com/bitmex
[2016-06-16 17:23:37] rapidtrades : i requested withdrawal from okc and got a 'verifying screen'
[2016-06-16 17:23:43] rapidtrades : what a f scam man
[2016-06-16 17:23:52] REKT : Liquidated short on `XBTUSD`: Buy 1500 @ 749.59
[2016-06-16 17:23:53] rapidtrades : now i have to wait for hrs to be contacted
[2016-06-16 17:23:58] rapidtrades : scammy cunty site
[2016-06-16 17:24:08] 1QaZxSw2 : whats verifying screen? is it kyc?
[2016-06-16 17:24:17] rapidtrades : no the other shit
[2016-06-16 17:24:23] rapidtrades : we'll call u blabla
[2016-06-16 17:24:27] rapidtrades : they never call btw
[2016-06-16 17:24:51] 1QaZxSw2 : i see, they are running out of hotwallet
[2016-06-16 17:25:02] justinlooking : request alreasdy in
[2016-06-16 17:25:08] 1QaZxSw2 : that's bullshit man.... bitmex never does that, am i right?
[2016-06-16 17:25:16] rapidtrades : u got the verifying too or just me? @justinlooking
[2016-06-16 17:25:19] justinlooking : they better if there was a run
[2016-06-16 17:25:31] REKT : Liquidated short on `XBTU16`: Buy 1180 @ 993.30
[2016-06-16 17:25:32] BitMEX_Wally : Wedin't have a hot wallet, and we make you wait until 13:00 UTC each day
[2016-06-16 17:25:39] 1QaZxSw2 : i think okc may be running a fractional reserve
[2016-06-16 17:25:52] justinlooking : orly skills
[2016-06-16 17:26:13] 1QaZxSw2 : BitMEX_Wally: i meant, if i request a withdrawal, you never need to "call me back" right? it gets processed at 13:00
[2016-06-16 17:26:30] 1QaZxSw2 : no withdrawal has been refused, right?
[2016-06-16 17:26:33] BitMEX_Wally : 1QaZxSw2: Correct. You just have to verify by clicking the link in the email
[2016-06-16 17:26:43] BitMEX_Wally : Never
[2016-06-16 17:26:59] Blargwaffle : Try to withdraw more than you have.
[2016-06-16 17:27:06] Blargwaffle : They don't refuse!
[2016-06-16 17:27:13] 1QaZxSw2 : BitMEX_Wally: thats the sign of an honest exchange. i dont trust okc or any site that needs to scamper around to find bitcoins to return
[2016-06-16 17:27:53] BitMEX_Wally : We've had accounts without 2FA that had suspicious withdrawals from a different IP, and so we did some checks
[2016-06-16 17:28:23] Blargwaffle : Yeah lost some like that on icbit once but they refunded me.
[2016-06-16 17:28:35] Blargwaffle : Wasn't a lot of BTC though.
[2016-06-16 17:29:33] 1QaZxSw2 : imagining depositing 100BTC (like some big traders do), making some neat profit and the exchange says f___ you when you try to withdraw
[2016-06-16 17:30:15] 1QaZxSw2 : this is the kind of behavior that makes users cry and run to govt and attract regulation
[2016-06-16 17:31:15] rapidtrades : i have both 2fa and email confirmation enabled btw
[2016-06-16 17:31:53] 1QaZxSw2 : well okc has the volume and bitmex has the UI. not too many options for trading derivatives
[2016-06-16 17:32:07] 1QaZxSw2 : i guess we could trade spot on margin at finex
[2016-06-16 17:33:31] 1QaZxSw2 : but basically exchanges need to not screw with users or you can expect regulatory pressure, esp as the exchanges grow bigger
[2016-06-16 17:33:44] fes1974 : BitMEX_Wally: my unrealised pnl on a long order (10x) has now gone green. will the settlement be 10x more than what i see on the unrealised pnl when i close the order ?
[2016-06-16 17:33:51] 1QaZxSw2 : i guess in china they payoff the regulators
[2016-06-16 17:34:01] wurstgelee : fes1974: nope
[2016-06-16 17:34:06] wurstgelee : exactly what u see @ upnl
[2016-06-16 17:34:26] fes1974 : wurstgelee: ok
[2016-06-16 17:35:08] wurstgelee : leverage doesnt change your profit. profit depends on the price where and how any contracts u bought
[2016-06-16 17:35:11] wurstgelee : thats it
[2016-06-16 17:35:31] wurstgelee : and where u sell ofc (or mark price @ settlement time)
[2016-06-16 17:36:15] fes1974 : wurstgelee: as an another guy suggested here. i might just stick with cross margin then
[2016-06-16 17:37:52] sizzurp : just started profiting at 742
[2016-06-16 17:40:16] mrp1nk : wow, i come back and see that the mark price and the book price is almost aligned. nice!
[2016-06-16 17:40:36] mrp1nk : #makebitmextradableagain
[2016-06-16 17:43:04] sizzurp : up or down>
[2016-06-16 17:43:05] sizzurp : ?
[2016-06-16 17:44:52] mrp1nk : hard to tell if double top or new highs
[2016-06-16 17:44:56] mrp1nk : i guess new highs
[2016-06-16 17:45:19] sizzurp : looks like were going up
[2016-06-16 17:46:03] sizzurp : to bad im broke
[2016-06-16 17:46:51] fes1974 : bitmex should make a xbt lending system here between traders
[2016-06-16 17:48:19] sizzurp : for real
[2016-06-16 17:48:19] Bacon futures trader : Lol, so we van go broke even faster
[2016-06-16 17:48:24] sizzurp : atleast for the good ones
[2016-06-16 17:48:39] 1QaZxSw2 : fes1974: so many product suggestions here, bitmex does not have the resources to implement all of them
[2016-06-16 17:49:24] fes1974 : ii thought arthur was a rich savy guy from wall street with good connections and investors :)
[2016-06-16 17:50:22] 1QaZxSw2 : fes1974: everything is right except investors
[2016-06-16 17:56:07] rapidtrades : that okc f*ck up explains why premiums crashed yday
[2016-06-16 17:56:12] rapidtrades : i knew it felt wrong
[2016-06-16 17:56:17] rapidtrades : those cokcsuckers
[2016-06-16 17:56:34] Blargwaffle : They can go 清昌创叮咚 themselves!
[2016-06-16 17:57:02] QuantFocus : That DPE on XBTU is getting pretty heavy
[2016-06-16 17:57:31] Blargwaffle : Plenty of time to figure itself out.
[2016-06-16 17:57:51] rapidtrades : what will happen with DPE on sept? will they bring it up to mark price or what
[2016-06-16 17:58:16] j8 : yeah
[2016-06-16 17:58:26] QuantFocus : Blargwaffle: does DPE adjustment get incorporated on weekly marking, or just in sept?
[2016-06-16 17:58:52] Blargwaffle : I'm not entirely sure, there shouldn't be any reason to until settlement.
[2016-06-16 17:59:05] j8 : it rebalances weekly
[2016-06-16 17:59:07] rapidtrades : its weekly plebs
[2016-06-16 17:59:19] QuantFocus : Which is tomorrow...
[2016-06-16 17:59:22] j8 : so that you get unrealised pnl without waiting six months
[2016-06-16 17:59:50] rapidtrades : QuantFocus: <<<< this guy, a scholar of time
[2016-06-16 18:00:09] QuantFocus : Indeed. Thank you for acknowledging
[2016-06-16 18:00:22] QuantFocus : Too many people don't know what day it is.
[2016-06-16 18:13:41] laurenssteen : If you're short during the funding, the 0,8 % is in your favor, but are there any disadvantages?
[2016-06-16 18:14:19] Blargwaffle : Bullish market, your exit cost will eat the premium?
[2016-06-16 18:14:53] tscha : laurenssteen: there is a risk of dpe, so it's not 100% risk-free to long spot and short here
[2016-06-16 18:16:44] laurenssteen : Yes but when the prices are pretty similar to marking price? What is my exit cost?
[2016-06-16 18:16:59] laurenssteen : you mean the fee?
[2016-06-16 18:18:04] REKT : Liquidated long on `XBTUSD`: Sell 15568 @ 745.76
[2016-06-16 18:18:22] REKT : Liquidated long on `XBTUSD`: Sell 100 @ 745.19
[2016-06-16 18:19:44] Moo : finex crapping itself while okcoin is like "ooh, cheap coinz!"
[2016-06-16 18:21:15] BTCDJS : rapidtrades: can you answer @laurenssteen question. Because I also want to know the answer
[2016-06-16 18:21:45] elmorte : laurenssteen: no, they mean the spread
[2016-06-16 18:22:21] fes1974 : who is this woodchipper dude ?
[2016-06-16 18:22:27] laurenssteen : but like now the spread is prety ok and my exit cost woildn't eat my premium in this case
[2016-06-16 18:22:30] BTCDJS : elmorte: my man. So. Is there any disadvantages?
[2016-06-16 18:22:41] elmorte : As long as it's tight around the margin, then don't worry
[2016-06-16 18:23:09] elmorte : BTCDJS: in bull market, premium causes increase in funding
[2016-06-16 18:23:19] Blargwaffle : laurenssteen: The premium may increase after you are funded, so if you wanted to leave the position you may end up handing over your funding.
[2016-06-16 18:23:35] BTCDJS : elmorte: but right now we are not in a bull market so to speak
[2016-06-16 18:23:51] elmorte : So if the funding is good, then the premium is high....therefore your exit might be costly
[2016-06-16 18:24:11] laurenssteen : thx guys
[2016-06-16 18:25:18] elmorte : If you can cover your short at our below mark, then by all means
[2016-06-16 18:25:23] elmorte : Or
[2016-06-16 18:25:29] fes1974 : is it correct that i would avoid the funding cost of 0.8204% if i close my long order before the time is up ?
[2016-06-16 18:25:39] elmorte : fes1974: correct
[2016-06-16 18:25:43] Blargwaffle : You would, but premium may increase right after.
[2016-06-16 18:25:56] fes1974 : elmorte: thx
[2016-06-16 18:26:24] fes1974 : Blargwaffle: as long as i get out before each 8 hours right ?
[2016-06-16 18:26:45] Blargwaffle : Sure, but getting back in may cost as much or more because of a premium increase.
[2016-06-16 18:27:46] fes1974 : so one pays immedately when one creates an order and after that each 8 hours ?
[2016-06-16 18:27:51] elmorte : But listen to @Blargwaffle , only close if you will lose more from funding then from the jump in price right after the deadline
[2016-06-16 18:28:11] Blargwaffle : You pay at funding hours, every 8.
[2016-06-16 18:28:28] elmorte : fes1974: you don't pay at order
[2016-06-16 18:28:42] rapidtrades : f okc man
[2016-06-16 18:28:44] fes1974 : Blargwaffle: so if i place an order and get out between 8 hours ?
[2016-06-16 18:28:49] elmorte : But a part for funding is added to the margin
[2016-06-16 18:28:56] fes1974 : ok
[2016-06-16 18:28:59] Blargwaffle : You can do that, sure.
[2016-06-16 18:29:43] Blargwaffle : Mind the rebalance times and the amount of unrealized PNL you have, though.
[2016-06-16 18:30:10] fes1974 : i only play in xbt swap anyway
[2016-06-16 18:30:16] elmorte : Rebalance times line up with funding times, right?
[2016-06-16 18:30:31] Blargwaffle : They do, look at the top-right of your browser.
[2016-06-16 18:30:50] rapidtrades : no funding is 3x per day
[2016-06-16 18:31:01] Blargwaffle : The times line up, though.
[2016-06-16 18:31:05] Blargwaffle : Once a day.
[2016-06-16 18:31:45] elmorte : :)
[2016-06-16 18:32:29] laurenssteen : but it might be profitable to buy before funding and sell after it?
[2016-06-16 18:33:05] laurenssteen : because of the reason it wouldn't by shorting
[2016-06-16 18:33:13] BitMEX_Sam : You would likely want to go the other way around, short then buy back in after funding.
[2016-06-16 18:33:28] BitMEX_Sam : But usually the book jumps significantly around funding time, recognizing the changed value of the contract.
[2016-06-16 18:35:32] laurenssteen : it's kind of a gamble
[2016-06-16 18:39:37] zanza : Sam how is the new interest system working ?
[2016-06-16 18:39:49] zanza : funding% thing
[2016-06-16 18:40:13] elmorte : He'd say it's working well, I suppose
[2016-06-16 18:40:46] BTCDJS : zanza: yeah as well as finex
[2016-06-16 18:40:49] zanza : np DPE, and prices tracks spot
[2016-06-16 18:41:27] rapidtrades : zanza: did u hear about scamcoin
[2016-06-16 18:41:35] zanza : eth?
[2016-06-16 18:41:40] elmorte : Ok...relatively well
[2016-06-16 18:41:45] rapidtrades : zanza: former okc
[2016-06-16 18:41:54] rapidtrades : that b1icth exchane
[2016-06-16 18:41:59] zanza : uhh didn't hear anything
[2016-06-16 18:42:17] rapidtrades : link the f*cker
[2016-06-16 18:43:05] elmorte : Sir yes sir
[2016-06-16 18:43:08] elmorte : [2016-06-16 17:03:55] j8 : heres some people talking about it on reddit https://www.reddit.com/r/BitcoinMarkets/comments/4obib5/daily_discussion_thursday_june_16_2016/d4bo2rn
[2016-06-16 18:46:37] REKT : Liquidated short on `XBTUSD`: Buy 580 @ 752.54
[2016-06-16 18:47:30] Rado : XBTM16 barely moving now
[2016-06-16 18:47:48] REKT : Liquidated short on `XBTUSD`: Buy 7500 @ 756.62
[2016-06-16 18:47:48] REKT : Liquidated short on `XBTM16`: Buy 9260 @ 789.29
[2016-06-16 18:47:58] Rado : I guess expiry approaching and losing that premium
[2016-06-16 18:48:13] stf28 : 5000 CNY broken
[2016-06-16 18:48:17] REKT : Liquidated short on `XBTUSD`: Buy 10000 @ 759.63
[2016-06-16 18:48:20] justinlooking : srs rekt comin
[2016-06-16 18:48:27] QuantFocus : daaaaaammnn
[2016-06-16 18:48:29] Moo : woah
[2016-06-16 18:48:32] QuantFocus : getting wild
[2016-06-16 18:48:51] BitMEX_Sam : Wow. What a week
[2016-06-16 18:48:55] sizzurp : wooo
[2016-06-16 18:49:12] sizzurp : 0.0087 a good profit?
[2016-06-16 18:49:15] Rado : As soon as I said that and now moving
[2016-06-16 18:49:16] Rado : lol
[2016-06-16 18:49:56] Moo : and eth is along for the ride
[2016-06-16 18:50:42] REKT : Liquidated short on `XBTUSD`: Buy 2279 @ 762.26
[2016-06-16 18:50:42] REKT : Gentlemen, we have an eREKTion!
[2016-06-16 18:50:50] BTCDJS : daaaaaaayyyyyyyyuuuuuuummmmm
[2016-06-16 18:51:35] macios15 : more
[2016-06-16 18:51:42] REKT : Liquidated short on `XBTU16`: Buy 4831 @ 1014.57
[2016-06-16 18:51:42] REKT : Liquidated short on `XBTUSD`: Buy 12500 @ 763.75
[2016-06-16 18:51:47] BTCDJS : where the H E double hockey sticks is bitcoin going
[2016-06-16 18:52:01] Blargwaffle : Well on it's way to my prediction(I hope).
[2016-06-16 18:52:06] REKT : Liquidated long on `LTCXBT`: Sell 900 @ 0.00719
[2016-06-16 18:52:17] BTCDJS : Blargwaffle: prediction is?
[2016-06-16 18:52:28] Blargwaffle : 900-1000 a week after halving.
[2016-06-16 18:52:30] BTCDJS : don't say 1000
[2016-06-16 18:52:41] BTCDJS : no retrace?
[2016-06-16 18:52:46] BTCDJS : that is crazy
[2016-06-16 18:52:48] Blargwaffle : Maybe after that.
[2016-06-16 18:53:06] REKT : Liquidated long on `LTCXBT`: Sell 83 @ 0.00717
[2016-06-16 18:53:29] rapidtrades : okc thought they could stop this
[2016-06-16 18:53:36] rapidtrades : they thought wrong
[2016-06-16 18:53:38] sizzurp : any guess on 800?
[2016-06-16 18:53:57] BTCDJS : yeah 800 dollars
[2016-06-16 18:54:04] BTCDJS : or 800 cats
[2016-06-16 18:54:11] sizzurp : $$$$
[2016-06-16 18:54:13] BTCDJS : or 800 chickens
[2016-06-16 18:54:24] sizzurp : 800 cows
[2016-06-16 18:54:33] BTCDJS : nah thats too much
[2016-06-16 18:54:36] REKT : Liquidated long on `LTCXBT`: Sell 35 @ 0.00715
[2016-06-16 18:54:36] REKT : Liquidated long on `LTCXBT`: Sell 50 @ 0.00715
[2016-06-16 18:54:41] sizzurp : im only making 0.008
[2016-06-16 18:54:49] kogroken : September futures over 1000
[2016-06-16 18:54:51] sizzurp : this is redicilious
[2016-06-16 18:55:05] BTCDJS : kogroken: they could be wrong
[2016-06-16 18:55:25] sizzurp : how do i sell half my contracts
[2016-06-16 18:55:27] kogroken : BTCDJS: Sure. Someone is willing to buy them for that price now though.
[2016-06-16 18:55:28] Blargwaffle : I could be wrong.
[2016-06-16 18:55:38] justinlooking : rektacular
[2016-06-16 18:55:40] Blargwaffle : I'm just considering the current China/miners situation.
[2016-06-16 18:55:48] BTCDJS : sizzurp: well they are crazy
[2016-06-16 18:56:07] sizzurp : yeah china scares me
[2016-06-16 18:56:09] rapidtrades : okc can go f*ck themselves
[2016-06-16 18:56:18] Rado : lol rapidtrades
[2016-06-16 18:56:19] BTCDJS : sizzurp: place an order the opposite way half the amount of contracts you have
[2016-06-16 18:56:28] Rado : what did they do?
[2016-06-16 18:56:45] Yumi : XBTU16 at $1K
[2016-06-16 18:56:47] rapidtrades : they tried to stop this rally
[2016-06-16 18:56:52] BTCDJS : Rado:https://www.reddit.com/r/BitcoinMarkets/comments/4obib5/daily_discussion_thursday_june_16_2016/d4bo2rn
[2016-06-16 18:56:53] rapidtrades : they failed
[2016-06-16 18:57:04] fes1974 : 800 tonight ?
[2016-06-16 18:57:17] BTCDJS : fes1974: 800 in 20 mins time
[2016-06-16 18:57:27] justinlooking : lol
[2016-06-16 18:57:39] fes1974 : BTCDJS: i better buy more hehehe
[2016-06-16 18:57:47] laurenssteen : BTCDJS: think I might short this one now
[2016-06-16 18:57:48] BTCDJS : fes1974: I'm too scared
[2016-06-16 18:57:51] laurenssteen : I hate to say it
[2016-06-16 18:57:58] sizzurp : 800 before 12?
[2016-06-16 18:58:02] sizzurp : prolly
[2016-06-16 18:58:06] BTCDJS : laurenssteen: I'm waiting for the right time to short
[2016-06-16 18:58:16] sizzurp : lmk when that is @BTCDJS
[2016-06-16 18:58:26] laurenssteen : BTCDJS: let me know
[2016-06-16 18:58:30] sizzurp : have you sold all contracts? @BTCDJS
[2016-06-16 18:59:17] Rado : interesting
[2016-06-16 18:59:31] sizzurp : waht
[2016-06-16 18:59:43] Rado : that reddit post
[2016-06-16 18:59:52] sizzurp : didnt see it
[2016-06-16 19:00:01] BTCDJS : https://www.reddit.com/r/BitcoinMarkets/comments/4obib5/daily_discussion_thursday_june_16_2016/d4bo2rn
[2016-06-16 19:00:09] BTCDJS : Rado: 66
[2016-06-16 19:00:13] BTCDJS : ^^
[2016-06-16 19:00:30] Rado : yeah
[2016-06-16 19:00:33] Rado : strange
[2016-06-16 19:00:43] BTCDJS : sizzurp: ^^
[2016-06-16 19:00:48] BTCDJS : tagged wrong guy
[2016-06-16 19:01:07] sizzurp : thanks that is interesting
[2016-06-16 19:01:21] sizzurp : wonder if we hit 750 before 800
[2016-06-16 19:03:23] BTCDJS : sizzurp: dude we are at 764
[2016-06-16 19:03:44] sizzurp : BTCDJS: wonder if itll dip or rocket
[2016-06-16 19:04:30] BTCDJS : It just broke through and old resistance
[2016-06-16 19:05:06] sizzurp : lets keep going
[2016-06-16 19:05:14] sizzurp : keep it going
[2016-06-16 19:05:16] sizzurp : ^^^^^
[2016-06-16 19:05:39] BTCDJS : next stop is 813 Finex
[2016-06-16 19:05:59] rapidtrades : ok so we broke 5k
[2016-06-16 19:06:02] rapidtrades : now what
[2016-06-16 19:06:52] BTCDJS : uncharted terretory
[2016-06-16 19:07:00] MrRGnome : it still looks remarkably strong. I've been waiting for a hard reversal to catch for weeks
[2016-06-16 19:07:04] BTCDJS : anything goes
[2016-06-16 19:08:02] BTCDJS : it will come down. That we can count on. so just need to catch reversal
[2016-06-16 19:08:37] REKT : Liquidated short on `XBTUSD`: Buy 1000 @ 766.01
[2016-06-16 19:08:53] BTCDJS : and even if it goes to 1k we still making money by holding what we have
[2016-06-16 19:09:20] rapidtrades : unless ur hedged
[2016-06-16 19:09:27] REKT : Liquidated short on `XBTUSD`: Buy 10417 @ 766.41
[2016-06-16 19:09:51] REKT : Liquidated short on `XBTM16`: Buy 1500 @ 800.50
[2016-06-16 19:09:56] men : we reach 1000 usd
[2016-06-16 19:10:00] macios15 : Make bitcoin great again
[2016-06-16 19:10:17] rapidtrades : 5,125
[2016-06-16 19:10:24] BTCDJS : macios15: you implying bitcoin wasn't great?
[2016-06-16 19:10:35] BTCDJS : rapidtrades: wats that?
[2016-06-16 19:10:40] MrRGnome : We could go past that, guessing how high we go is an almost pointless game. All I know is it will eventually come down 33-66% of its gains
[2016-06-16 19:10:56] rapidtrades : 5132
[2016-06-16 19:11:30] rapidtrades : china is fomoing at the mouth
[2016-06-16 19:11:36] REKT : Liquidated short on `XBTU16`: Buy 240 @ 1023.80
[2016-06-16 19:11:41] Moo : when eth starts pushing toward $50, btc will dip as people realize "it's happening" for eth. until then, btc will probably just keep going for a long time
[2016-06-16 19:11:42] BTCDJS : guys. what if it goes to 10k?
[2016-06-16 19:12:00] Blargwaffle : I'll be happy, but... China will have to do some odd shit to have that happen.
[2016-06-16 19:12:10] rapidtrades : BTCDJS: i could prolly retire
[2016-06-16 19:12:18] BTCDJS : before MTgox it wasn't stopping for noone
[2016-06-16 19:12:21] REKT : Liquidated short on `XBTU16`: Buy 200 @ 1024.89
[2016-06-16 19:12:32] Moo : btc will hit 10k. not a matter of "if" but "when"
[2016-06-16 19:12:43] BTCDJS : rapidtrades: dude.
[2016-06-16 19:12:44] rapidtrades : lol thee guys
[2016-06-16 19:12:51] REKT : Liquidated short on `XBTM16`: Buy 100 @ 805.91
[2016-06-16 19:13:02] rapidtrades : china 5146
[2016-06-16 19:13:18] rapidtrades : 5158
[2016-06-16 19:13:21] REKT : Liquidated long on `LTCXBT`: Sell 666 @ 0.00711
[2016-06-16 19:13:21] REKT : Liquidated long on `LTCXBT`: Sell 350 @ 0.00711
[2016-06-16 19:13:25] Blargwaffle : When China's over 9000, we can say IT'S OVER 9000!
[2016-06-16 19:13:26] MrRGnome : It could. Reasonably its total value proposition is much larger, if you look 20 years out. But even now, the literal cost to mine a bitcoin is no where near this speculative bubble price. The fundamental price has to raise to create a meaningful floor, and it will over time.
[2016-06-16 19:13:29] Moo : what could kill bitcoin at this point? need bigger blocks? need faster transactions? that's coming. what else?
[2016-06-16 19:13:47] REKT : Liquidated short on `XBTUSD`: Buy 562500 @ 772.43 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-06-16 19:13:58] tscha : wow
[2016-06-16 19:14:04] Moo : 562500
[2016-06-16 19:14:05] Blargwaffle : Right in the Rektum.
[2016-06-16 19:14:06] MrRGnome : Moo: quantum computing arriving too soon could cause some serious issues.
[2016-06-16 19:14:06] rapidtrades : loool
[2016-06-16 19:14:08] Moo : jeebus
[2016-06-16 19:14:21] QuantFocus : holy shit...
[2016-06-16 19:14:24] tscha : gameover I guess
[2016-06-16 19:14:28] rapidtrades : 5166, china aint stopping for nobody
[2016-06-16 19:14:34] justinlooking : it's no 1.8m
[2016-06-16 19:14:41] rapidtrades : 5170...now 5156
[2016-06-16 19:14:50] ayy_lmao : remember when some dude was trying to short @ 730
[2016-06-16 19:14:53] ayy_lmao : in this chat
[2016-06-16 19:15:06] MrRGnome : bubbles this good don't come around all the time, enjoy it fellas.
[2016-06-16 19:15:12] BTCDJS : 820 is going to be a hard nut to crack
[2016-06-16 19:15:27] MrRGnome : I shorted at 734 and closed at 738 when the tides looked changed.
[2016-06-16 19:15:32] Blargwaffle : Lucky 777.
[2016-06-16 19:15:46] BTCDJS : remember the wall street cheat sheet. disbelief is coming soon.
[2016-06-16 19:16:01] BTCDJS : then anger. then depression
[2016-06-16 19:16:02] BitMEX_Sam : Big funding in 44min, should take a chunk out of that liq
[2016-06-16 19:16:04] ayy_lmao : u cut your loss quick so you get a pass
[2016-06-16 19:16:08] ayy_lmao : but rip anybody else
[2016-06-16 19:16:26] rapidtrades : china pausing....
[2016-06-16 19:16:31] rapidtrades : chilling
[2016-06-16 19:16:45] rapidtrades : <3 China
[2016-06-16 19:16:57] rapidtrades : greatest country on earth
[2016-06-16 19:17:09] tscha : long spot and short the liquidation, free money guys.. funding in 40 minutes
[2016-06-16 19:17:22] 1QaZxSw2 : rapidtrades: middle kingdom
[2016-06-16 19:17:28] tscha : $7 premium over finex too
[2016-06-16 19:17:28] sizzurp : BTCDJS: is there a way to withdraw your wallet balance fast?
[2016-06-16 19:17:34] fes1974 : BitMEX_Sam: so the liq pricr will be worse for each and everyone with an order long ?
[2016-06-16 19:17:42] fes1974 : price
[2016-06-16 19:17:50] BTCDJS : sizzurp: nope
[2016-06-16 19:17:55] BitMEX_Sam : Due to the premium, yes, liq price is nearer for longs given equal leverage
[2016-06-16 19:18:00] sizzurp : just gotta wait?
[2016-06-16 19:18:05] BTCDJS : you have to wait till tomorrow
[2016-06-16 19:18:23] fes1974 : ill better jump out then before the time is up
[2016-06-16 19:18:28] BTCDJS : you can set a withdrawal now. but you won't get it till 13:00
[2016-06-16 19:18:40] Moo : that 775 buy order won't last long
[2016-06-16 19:18:54] sizzurp : how do you withdraw your whole wallet
[2016-06-16 19:18:57] tscha : what was the biggest liquidation on bitmex in terms of dollar value at time of the liquidation?
[2016-06-16 19:19:37] BTCDJS : sizzurp: go to withdrawals page and select full amount with BTC address of your choosing.
[2016-06-16 19:19:49] messiaen8844 : We had 1 million no? or that was the sledger buy?
[2016-06-16 19:19:56] justinlooking : the highest i saw was about 2.6m, but it was the 1.8 + a fuckload more
[2016-06-16 19:20:06] justinlooking : i think slege closed his longs into it
[2016-06-16 19:20:09] BitMEX_Sam : tscha: Last weekend I believe we saw nearly 1.8 at a single book level
[2016-06-16 19:20:19] tscha : crazy
[2016-06-16 19:20:49] fes1974 : BitMEX_Sam: poor fella
[2016-06-16 19:20:51] turtlefight : crazy
[2016-06-16 19:21:05] turtlefight : times
[2016-06-16 19:21:11] tscha : hopefully price drops now so insurance fund gets filled up a bit
[2016-06-16 19:21:28] Moo : so, if we just keep burning past 775. what happens to that 500k order?
[2016-06-16 19:21:42] Moo : dpe for dayz?
[2016-06-16 19:21:56] yerb : whats up with the fuggin buy wall?
[2016-06-16 19:22:04] Moo : it's a liquidation
[2016-06-16 19:22:07] ayy_lmao : then we get dpe'd
[2016-06-16 19:22:18] yerb : shit
[2016-06-16 19:22:32] Moo : somebody go sell $1mil on the chinese exchanges pls
[2016-06-16 19:22:42] ayy_lmao : dpe cleanup crew, its your time to shine
[2016-06-16 19:23:02] yerb : this is bullshit
[2016-06-16 19:23:18] ayy_lmao : as long as people keep shorting 500k contracts
[2016-06-16 19:23:22] Moo : I finally understand why we're over spot so much
[2016-06-16 19:23:25] ayy_lmao : this will keep happening lmao
[2016-06-16 19:23:30] BTCDJS : yerb: as in bulls are shitting on bears?
[2016-06-16 19:23:57] ayy_lmao : but the last few dpes haven't been too bad
[2016-06-16 19:24:05] messiaen8844 : 500k collecting funding should be nice... if you have enough BTC and margin lol
[2016-06-16 19:25:29] Moo : that's only 10k in collateral. he probably made most of that from like 1btc or something
[2016-06-16 19:25:29] Rado : how many XBT is that?
[2016-06-16 19:25:55] tscha : shouldn't the liquidation agjust down? why is it sticking?
[2016-06-16 19:25:58] tscha : adjust*
[2016-06-16 19:25:59] yerb : 500k is 16.6 BTC
[2016-06-16 19:26:16] rapidtrades : lol
[2016-06-16 19:26:24] Rado : so about 50 XBT
[2016-06-16 19:26:35] rapidtrades : 600 btc u dumies
[2016-06-16 19:26:50] ayy_lmao : thats only the case if he was isolated right
[2016-06-16 19:27:07] ayy_lmao : could't he theoretically lose more if he was on cross
[2016-06-16 19:27:16] yerb : yeah, but if your 500k gets rekt you loose 16.6 BTC, not so much tho
[2016-06-16 19:27:41] Rado : rapidtrades: he didn't lose 600 BTC
[2016-06-16 19:27:57] Moo : he's only out about $10k usd
[2016-06-16 19:27:59] ayy_lmao : say i went short 16.6 btc worth of contracts using cross, but i had another 16 btc out of play
[2016-06-16 19:28:11] ayy_lmao : u would lose more than your contract amt
[2016-06-16 19:28:18] ayy_lmao : if u got liq
[2016-06-16 19:28:19] yerb : as i remember liquidation was 1.8 mil contracts
[2016-06-16 19:28:26] rapidtrades : k i thought u were talking about the size
[2016-06-16 19:28:35] yerb : thats about 50 BTC
[2016-06-16 19:29:05] Moo : we need to go back to around 750
[2016-06-16 19:29:13] Moo : 751
[2016-06-16 19:29:16] Moo : then bounce
[2016-06-16 19:29:54] fes1974 : are we still hoping for 800 this evening ?
[2016-06-16 19:30:26] Moo : seems likely
[2016-06-16 19:30:26] rapidtrades : guys
[2016-06-16 19:31:18] Moo : this premium
[2016-06-16 19:32:17] Moo : closed my long against the 500k order, only to realize the premium is just gonna make it sit here no matter what the price does until I regret doing that
[2016-06-16 19:32:43] Moo : thought I was being prudent, realizing gains
[2016-06-16 19:32:55] rapidtrades : Moo: u do realize u would've paid $6+ in 30 mins right
[2016-06-16 19:33:00] Rado : Moo: you might be right
[2016-06-16 19:33:03] Rado : you have to wait and see
[2016-06-16 19:33:11] rapidtrades : u woulda shoulda motherf*cker
[2016-06-16 19:34:52] rapidtrades : payday coming up shorts!
[2016-06-16 19:35:14] sizzurp : what time is withheld profit given??
[2016-06-16 19:35:22] men : i think we are going to 5040
[2016-06-16 19:35:32] men : then come back uoìp
[2016-06-16 19:35:32] Moo : how do I turn off chat cuss word filtering?
[2016-06-16 19:35:45] tscha : BitMEX_Sam: wouldn't it be better for extremely large liquidations like this to adjust downwards a bit? people that are selling now into it would most likely also sell a few cents lower, especially giving the premium. would help to fill up the insurance fund
[2016-06-16 19:35:55] BitMEX_Sam : sizzurp: In 16 hours
[2016-06-16 19:35:56] rapidtrades : no
[2016-06-16 19:36:02] BitMEX_Sam : tscha: It's better to ensure it gets filled more than anything else
[2016-06-16 19:36:04] rapidtrades : tscha: don't be a smartass
[2016-06-16 19:36:11] sizzurp : WOO
[2016-06-16 19:36:16] sizzurp : 0.05 btc
[2016-06-16 19:36:18] sizzurp : here i come
[2016-06-16 19:36:19] BitMEX_Sam : Moo: You don't, BitMEX is tyrannical
[2016-06-16 19:36:43] Moo : I made 0.5 btc of that little run
[2016-06-16 19:36:51] Moo : with 1btc collateral
[2016-06-16 19:37:01] yerb : fck this, why not spread it down the orderbook, so it is at least tradeable
[2016-06-16 19:37:01] rapidtrades : cool
[2016-06-16 19:37:03] Moo : my first bitmex win ever (of any real amount)
[2016-06-16 19:37:08] BitMEX_Sam : Welp
[2016-06-16 19:37:16] BitMEX_Sam : Someone took the whole thing.
[2016-06-16 19:37:21] rapidtrades : sleger
[2016-06-16 19:37:26] rapidtrades : the legend lives
[2016-06-16 19:37:27] Moo : lol
[2016-06-16 19:37:47] messiaen8844 : people need that liquidations to close their longs
[2016-06-16 19:37:49] messiaen8844 : 4M open
[2016-06-16 19:37:50] tscha : was expecting someone taking the last chunk all at once, but thought it would be less
[2016-06-16 19:37:55] justinlooking : all those orders were from single account?
[2016-06-16 19:38:03] Moo : i'd like to say I saw that coming, but it was fear more than anything that made me dump my 1hr long
[2016-06-16 19:38:05] messiaen8844 : when we hit THE TOP this shit will cascade... and I don't wanna be around lol
[2016-06-16 19:38:05] lockhedge : tscha: good job advertising the liquidation :)
[2016-06-16 19:38:11] rapidtrades : yes sleger's account @Moo
[2016-06-16 19:38:24] BitMEX_Sam : justinlooking: If you see it as a single trade then yes, it would have been a single order matched
[2016-06-16 19:38:37] rapidtrades : sleger confirmed
[2016-06-16 19:38:37] BitMEX_Sam : You can tell for sure that the 222222 buy was a single order, but not the others
[2016-06-16 19:38:45] BitMEX_Sam : sell*, rather
[2016-06-16 19:38:53] messiaen8844 : BitMex_Sam: is there a risk of cascading liquidations in case of huge drops?
[2016-06-16 19:38:55] sizzurp : is it time to short
[2016-06-16 19:38:56] justinlooking : ok, thought u'd leaked something from ur god mode :)
[2016-06-16 19:39:09] QuantFocus : BitMEX_Sam: so i have to pay .82% on my long position if it's open in 20 minutes?
[2016-06-16 19:39:14] BitMEX_Sam : messiaen8844: Technically yes, but the system will aggress them when possible
[2016-06-16 19:39:22] rapidtrades : messiaen8844: i believe the expert opnion on this is, duh
[2016-06-16 19:39:24] BitMEX_Sam : It won't cause a cascading price though that further drops the market
[2016-06-16 19:39:28] BitMEX_Sam : QuantFocus: Yes
[2016-06-16 19:39:29] justinlooking : ie it's a whale's algo
[2016-06-16 19:39:54] rapidtrades : loool longs just realized whats about to happen
[2016-06-16 19:40:05] fes1974 : BitMEX_Sam: is it the btc value or dollar value i have to pay 0.8% on ?
[2016-06-16 19:40:08] rapidtrades : prepare ur aholes gents
[2016-06-16 19:40:10] Moo : yeah, this could get ugly in a minute
[2016-06-16 19:40:13] BitMEX_Sam : fes1974: They're the same
[2016-06-16 19:40:24] BitMEX_Sam : 0.8% of an amount is the same no matter what you denominate that in
[2016-06-16 19:40:45] Moo : it could also just nope out of the dip like it has a dozen times since 500
[2016-06-16 19:40:53] justinlooking : 5150 again?
[2016-06-16 19:41:37] justinlooking : 60...
[2016-06-16 19:41:40] rapidtrades : BitMEX_Sam: is the btc size fixed in dollar terms? example i sell to hedge 20 btc....will be exposure remain at -20 during the whole life of the trade