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 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
[2016-06-16 19:41:46] Moo : that dip was just BitMEX_Sam dumping on the other exchanges to get us to sell into that liquidation
[2016-06-16 19:42:24] BitMEX_Sam : Let's say 20 BTC is worth $10,000, you would sell 10000 cont, and yes, you'd be hedged in USD terms
[2016-06-16 19:42:26] rapidtrades : in other words, for every $1 down i gain $20
[2016-06-16 19:42:36] BitMEX_Sam : The value of that position would of course change in Bitcoin terms
[2016-06-16 19:42:39] rapidtrades : or up
[2016-06-16 19:42:50] messiaen8844 : 519 users, is that all time record here?
[2016-06-16 19:43:43] tscha : it's because sleger left --> trollbox finally becomes a fun place
[2016-06-16 19:43:44] rapidtrades : BitMEX_Sam: ok cool...that's forever right regardless of rebalance etc
[2016-06-16 19:43:53] BitMEX_Sam : Yes, but assuming no DPE
[2016-06-16 19:44:11] rapidtrades : dpe doesn't affect the size right
[2016-06-16 19:44:29] BitMEX_Sam : No but it would affect your hedge, if you made profit during a period and DPE took a slice of it
[2016-06-16 19:44:36] rapidtrades : yeah ofc
[2016-06-16 19:44:50] BitMEX_Sam : But no, we don't reduce the size, that's auto-delev - also a useful strategy but different
[2016-06-16 19:44:57] rapidtrades : i was just curious cos the value constantly changes and funding is charged on the btc value
[2016-06-16 19:45:02] Tetsuo : 42m USD in longs on Finex, lol,
[2016-06-16 19:45:10] BitMEX_Sam : "Charged on the btc value" doesn't really mean anything in particular
[2016-06-16 19:45:15] BitMEX_Sam : It's charged on the size of the position
[2016-06-16 19:45:32] rapidtrades : right but on usd value at inception, paid in btc
[2016-06-16 19:45:36] BitMEX_Sam : What currency you denominate that in doesn't matter. In our case it's always Bitcoin because your wallet is Bitcoin but it could be on anything else
[2016-06-16 19:46:40] rapidtrades : i need to eat after this...
[2016-06-16 19:46:53] jesperf : rapidtrades: you can eat when you're dead
[2016-06-16 19:47:00] jesperf : or wait it doesn't work like that
[2016-06-16 19:48:04] rapidtrades : i can sleep when im dead
[2016-06-16 19:48:11] rapidtrades : and that's a good thing
[2016-06-16 19:48:37] dogehookers : I hold simultaneous long in xbtm and short in xbtusd. My btc delta is near zero so my xbtm profit plus xbtusd loss near zero. Nethertheless bitmex rectified my short in xbtusd. It would be awesome if yourr margin and dpe calculations will adjust for longshort btc neutral portfolios .
[2016-06-16 19:49:24] rapidtrades : what does 'rectified' mean
[2016-06-16 19:49:51] rapidtrades : Rekt?
[2016-06-16 19:49:57] aethlios : those pumpers never sleep????
[2016-06-16 19:50:15] rapidtrades : aethlios: well well if it isnt' mr Arb himself
[2016-06-16 19:50:18] Moo : seems like there would be valid arguments on both sides of whether dpe should spill over between instruments or not
[2016-06-16 19:50:36] fes1974 : rapidtrades: http://www.dictionary.com/browse/rectified
[2016-06-16 19:50:53] rapidtrades : fes1974: i know what it means dummy, he's not using it right
[2016-06-16 19:51:34] fes1974 : rapidtrades: that was impossible for me to understand, by your question...dummy
[2016-06-16 19:51:41] Moo : should you get to opt out of dpe just because you put half your position on another instrument?
[2016-06-16 19:52:10] aethlios : sleepless in bTC markets.
[2016-06-16 19:53:01] rapidtrades : Moo: yeah cos he's hedged...but they're not the same instuments
[2016-06-16 19:53:15] rapidtrades : one of quanto other linear
[2016-06-16 19:53:21] rapidtrades : so it can't happen
[2016-06-16 19:53:38] rapidtrades : at a minimum they should do an account wide DPE
[2016-06-16 19:53:47] rapidtrades : like okc
[2016-06-16 19:53:50] aethlios : best trade at 440 was to go long sept and double short june.
[2016-06-16 19:54:01] rapidtrades : no shit
[2016-06-16 19:54:11] rapidtrades : a better trade would be to long
[2016-06-16 19:54:46] Moo : dpe isn't supposed to be socialism. it's just to balance the books.
[2016-06-16 19:55:17] rapidtrades : bs....ofc its socialism that's why it only affects winners
[2016-06-16 19:55:30] Moo : I'm neutral on whether to go account-wide vs. per-instrument. Just talking out loud
[2016-06-16 19:56:06] BTCDJS : rapidtrades: good point
[2016-06-16 19:56:29] Moo : account-wide dpe means that people in safer instruments get punished for the people in crazy instruments
[2016-06-16 19:57:24] Moo : 50x is crazy
[2016-06-16 19:57:41] Moo : 25x still crazy, but less so
[2016-06-16 19:58:13] Yumi : DPE only affects winners because they are the profiting counterpart to the losing trade that was liquidated
[2016-06-16 19:59:15] Yumi : you cant win more than other person loses
[2016-06-16 19:59:37] justinlooking : not necessarily yumi
[2016-06-16 19:59:44] lockhedge : funding pump to 780
[2016-06-16 20:00:14] justinlooking : if you take a pos after the liq, you werent his counter party, but you can still be affected
[2016-06-16 20:00:19] Moo : being mad about dpe on a 50x exchange is a little silly. yeah, you made a good trade and won, but some poor shlub had to be on the other side of that and without the 50x and dpe, that shlub would not have been there for you
[2016-06-16 20:00:37] Moo : wat
[2016-06-16 20:00:46] aethlios : too much premium across the board.
[2016-06-16 20:01:04] rapidtrades : sell again b1tch, okc got ur back
[2016-06-16 20:01:09] Moo : what just happened?
[2016-06-16 20:01:21] justinlooking : moo funding
[2016-06-16 20:01:48] Moo : sorry I'm new
[2016-06-16 20:02:04] rapidtrades : mmm sweet funding monies
[2016-06-16 20:02:26] Moo : sooo, this always happens at this time?
[2016-06-16 20:02:28] QuantFocus : i feel like i just got hosed. i accidently bought back in seconds before funding.
[2016-06-16 20:02:40] rapidtrades : lol
[2016-06-16 20:02:47] Moo : you can just predict that it will happen and set your orders up to make easy money?
[2016-06-16 20:03:00] rapidtrades : u hosed urself bro but tnx for playing @QuantFocus
[2016-06-16 20:03:09] QuantFocus : rapidtrades: i totally did
[2016-06-16 20:03:25] rapidtrades : ok time to eat
[2016-06-16 20:03:50] QuantFocus : it's kind of crazy that funding isn't weight based on amount of time position was open
[2016-06-16 20:03:53] luckynuke : doom
[2016-06-16 20:03:54] aethlios : run for your life.... and pray.
[2016-06-16 20:04:10] luckynuke : retrace 5000 maybe
[2016-06-16 20:04:35] mjmj83 : QuantFocus: no it's not funny
[2016-06-16 20:04:40] Mr Blue : 750
[2016-06-16 20:04:41] mjmj83 : it's the only way
[2016-06-16 20:04:43] aethlios : luckynuke: just a trick to leave the weak hands
[2016-06-16 20:05:28] luckynuke : aethlios: hm kay. it was 5100
[2016-06-16 20:05:39] justinlooking : QuantFocus: depends how wide ur trading window is... if it's days, then it is already kinda weighted, just with 8hr granularity