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 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
[2016-06-16 20:06:19] QuantFocus : justinlooking: but in this case, i just opened a position right before funding and have to pay as if I've had it the full 8 hours?
[2016-06-16 20:06:32] QuantFocus : Dumb move on my part, but still
[2016-06-16 20:06:32] CaptainDean : QuantFocus: yes
[2016-06-16 20:06:40] Moo : eth at 21
[2016-06-16 20:06:52] CaptainDean : QuantFocus: i did it once, we all laern from it ;P
[2016-06-16 20:06:53] Moo : these are insane times
[2016-06-16 20:07:03] Moo : I've been spamming facebook for months about this stuff
[2016-06-16 20:07:13] Moo : none of my friends got in on it
[2016-06-16 20:14:35] men : going up
[2016-06-16 20:14:35] BTCDJS : is the bow going to break so the baby can fall?
[2016-06-16 20:14:54] justinlooking : imagine the 2020 mooning
[2016-06-16 20:16:04] men : justinlooking: wow :D
[2016-06-16 20:21:21] REKT : Liquidated long on `LSKXBT`: Sell 250 @ 0.000588
[2016-06-16 20:37:19] CrazyEarner : Does anyone know if they any fee taken from Withheld Profit and with Withheld Profit is that 100% of what I have held in profits or more caculations to be done on it
[2016-06-16 20:39:36] REKT : Liquidated long on `LTCXBT`: Sell 319 @ 0.00699
[2016-06-16 20:49:11] BTCDJS : https://www.tradingview.com/x/ztKAf30Q/
[2016-06-16 20:49:21] BTCDJS : neat idea ^^^
[2016-06-16 20:58:27] mrp1nk : meh
[2016-06-16 20:59:01] messiaen8844 : what do you think of this idea :) ? working so far, happy with my buys (buying spot though, won't play it here until we top BTC)
[2016-06-16 20:59:02] messiaen8844 : https://www.tradingview.com/chart/ETHBTC/cHIr01Ul-Ethereum-next-bull-leg-incoming/
[2016-06-16 21:00:25] men : we want a flash crash... or a flash pump :D :D
[2016-06-16 21:02:25] messiaen8844 : 11 hours to that
[2016-06-16 21:02:40] messiaen8844 : http://getjumbucks.com/settlement/
[2016-06-16 21:07:01] Rado : back to boring for the moment
[2016-06-16 21:07:43] mrp1nk : back to retarded premium for the moment
[2016-06-16 21:07:53] NukeLaloosh : BitMEX_Sam: rebalance is against spot?
[2016-06-16 21:08:05] BitMEX_Sam : Yes.
[2016-06-16 21:08:18] BitMEX_Sam : Technically it's against Mark Price, but at rebalance time Mark Price == Index Price for all swaps
[2016-06-16 21:10:54] messiaen8844 : finex keeps flagging
[2016-06-16 21:11:48] Rado : flagging?
[2016-06-16 21:11:51] NukeLaloosh : BitMEX_Sam: Mark and Index converge at rebalance because why?
[2016-06-16 21:12:15] BitMEX_Sam : Because that's how the product is designed. Mark price is the index price + a time-weighted decay of the funding rate
[2016-06-16 21:12:33] mrp1nk : BitMEX_Sam: is this new?
[2016-06-16 21:12:49] BitMEX_Sam : So right now Mark is index (768.08) + (7/8 * 768.08 * 0.9534%)
[2016-06-16 21:13:09] BitMEX_Sam : Sorry, markdown processor got those, thats multiply the last three nums
[2016-06-16 21:13:15] BitMEX_Sam : mrp1nk: It's been this way since they launched
[2016-06-16 21:13:53] BitMEX_Sam : See https://www.bitmex.com/app/swapsGuide#position-marking
[2016-06-16 21:16:09] NukeLaloosh : so what is accounting for the premium now— is it an expression of the borrowing costs that would otherwise be necessary to achieve similar leverage?
[2016-06-16 21:18:03] Moo : probably trend bots sitting tight because of huge bull run, so nothing is gonna sell before confirmation of down
[2016-06-16 21:19:23] Moo : a LOT of traders are probably just sitting this out at max long from 500 to 600 to 700
[2016-06-16 21:19:41] Moo : nothing short of a dump to 700 or lower will shake them out
[2016-06-16 21:19:51] BitMEX_Sam : Sure, there's only so much borrowing power available and people want to get in with more leverage
[2016-06-16 21:19:52] rapidtrades : guys
[2016-06-16 21:20:07] BitMEX_Sam : The premium is pretty low right now, only half a percent over mark
[2016-06-16 21:20:28] rapidtrades : what
[2016-06-16 21:20:36] rapidtrades : that's not how u do premium brah
[2016-06-16 21:20:43] mrp1nk : its 10$ over spot
[2016-06-16 21:20:43] rapidtrades : premium is $9
[2016-06-16 21:22:20] Moo : seems like only thing that brings us back to spot or liquidations of longs
[2016-06-16 21:22:26] Moo : are*
[2016-06-16 21:22:41] NukeLaloosh : what's keeping premium in the 1-2% range is more my question. why not 5%, 10%
[2016-06-16 21:23:47] mrp1nk : its a swap
[2016-06-16 21:24:05] Moo : people have been shorting this the whole way up. everybody thinks they can call a top
[2016-06-16 21:24:13] mrp1nk : this are not futures anymore
[2016-06-16 21:24:31] Moo : at 10% premium, it's insta-liquidation on small movements
[2016-06-16 21:24:58] Moo : nobody wants to be in that position, so they don't buy it up that high
[2016-06-16 21:26:16] mrp1nk : theoretically there should be a discount they said
[2016-06-16 21:26:38] NukeLaloosh : Moo: not the way it is set up here, in fact shorts don't get liquidated because the mark price is well below the market here.
[2016-06-16 21:27:03] Moo : he was asking why premium is 1% instead of 10%
[2016-06-16 21:27:12] Moo : at 10%, nobody can buy
[2016-06-16 21:27:31] Moo : because insta liquidation
[2016-06-16 21:28:18] BitMEX_Sam : That's how the premium works here, we're about $3 over mark price
[2016-06-16 21:28:55] BitMEX_Sam : It is indeed expensive to long compared to spot, however
[2016-06-16 21:29:00] NukeLaloosh : the longs are more at risk than the shorts, their liquidation price is closer
[2016-06-16 21:29:16] Moo : why are you seeing $3? I'm seeing at least $8
[2016-06-16 21:29:19] NukeLaloosh : right.
[2016-06-16 21:29:36] BitMEX_Sam : I'm referring to premium over mark price, not over spot price.
[2016-06-16 21:29:44] mrp1nk : lol, just realizing that it gets even worse if the funding rate is lower
[2016-06-16 21:30:01] mrp1nk : i mean than the premium increases against mark price
[2016-06-16 21:30:08] mrp1nk : then
[2016-06-16 21:30:11] rapidtrades : fucking finex pos
[2016-06-16 21:30:15] rapidtrades : cunts ass sites man
[2016-06-16 21:30:27] rapidtrades : 4 times had to cick cancel
[2016-06-16 21:30:30] rapidtrades : 4 f times
[2016-06-16 21:31:05] BTCDJS : tell us about it rapid. And please give us the whole story
[2016-06-16 21:31:09] rapidtrades : i honestly don't understand how these sites are still in bizniz
[2016-06-16 21:31:11] mrp1nk : could we get the good old 7d back?
[2016-06-16 21:31:29] rapidtrades : yeah i want a 7d qunato too
[2016-06-16 21:31:31] BitMEX_Sam : We may be evaluating an XBJ24H
[2016-06-16 21:31:35] BitMEX_Sam : Rather, XBJ7D
[2016-06-16 21:31:45] rapidtrades : better then nothing i guess
[2016-06-16 21:31:50] mrp1nk : hmm...
[2016-06-16 21:32:02] BitMEX_Sam : I think it would be very interesting to have both a 24H and 7D quanto pair, and the swap both live at the same time.
[2016-06-16 21:32:04] NukeLaloosh : mrp1nk: funding rate incorporates the premium, so it's a bit recursive it seems
[2016-06-16 21:32:26] Rado : I would love that BitMEX_Sam
[2016-06-16 21:32:40] mrp1nk : never knew that there was demand for XBTJ
[2016-06-16 21:32:42] Rado : choice is better as traders have different strategies
[2016-06-16 21:32:48] zanza : wow
[2016-06-16 21:32:49] zanza : this rally
[2016-06-16 21:32:59] Moo : wtf happened to xbj? could have been easy money if I scooped that
[2016-06-16 21:33:04] mrp1nk : i wish there would be simply the good old 7d
[2016-06-16 21:34:00] mrp1nk : NukeLaloosh: yeah, it's kinda difficult to understand whats going on and not forget it again after not trading for while here
[2016-06-16 21:34:08] aethlios : BitMEX_Sam: Hi Sam, I have mentioned that before, better have a quanto 12month to have a yield curve of 1 year. someone could trade the slope of the curve if you have a 12month
[2016-06-16 21:34:57] BitMEX_Sam : Hey aethlios - I'm really not the one to ask about that, but I'm sure you could get Arthur or Wally to engage you on it
[2016-06-16 21:35:09] BitMEX_Sam : Why a year in particular?
[2016-06-16 21:35:39] BitMEX_Sam : (My focus is operations, servers, and the site/API, not finance)
[2016-06-16 21:35:58] micmix : aethlios: it's hard to MM longer-dated quantos, so you will not have good liquidity
[2016-06-16 21:36:01] aethlios : BitMEX_Sam: Ok
[2016-06-16 21:36:23] rapidtrades : micmix: h8tr
[2016-06-16 21:37:10] micmix : I would be happy to see 1-year quanto but main MM is not going to quote decent size on it
[2016-06-16 21:37:29] micmix : IMHO
[2016-06-16 21:37:58] dharmabum : BitMEX_Sam: Well done on infrastructure BTW Sam. Well done. ← random complement
[2016-06-16 21:38:09] BitMEX_Sam : :+1: Thanks dharmabum
[2016-06-16 21:38:41] aethlios : BitMEX_Sam: Yes well done, bitmex runs smoothly 24h/24h
[2016-06-16 21:38:41] rapidtrades : guys
[2016-06-16 21:38:51] rapidtrades : 24h/24h
[2016-06-16 21:38:55] rapidtrades : well done fella
[2016-06-16 21:39:34] mrp1nk : yeah, well done
[2016-06-16 21:39:46] BitMEX_Sam : Thanks aethlios - we had a bit of a scare last week with a DDoS but after I got that stopped we've been rock solid
[2016-06-16 21:39:50] Mr Blue : 24/7
[2016-06-16 21:41:43] rapidtrades : 781 new high here?
[2016-06-16 21:41:54] rapidtrades : 2
[2016-06-16 21:42:31] rapidtrades : 3
[2016-06-16 21:42:40] rapidtrades : is 783 new high here
[2016-06-16 21:42:48] Blargwaffle : Type faster.
[2016-06-16 21:42:54] mrp1nk : yes
[2016-06-16 21:42:58] rapidtrades : 784
[2016-06-16 21:43:00] Moo : I knew I should have just held my long
[2016-06-16 21:43:05] rapidtrades : is 784 new high here?
[2016-06-16 21:43:11] rapidtrades : is 786 neew high here?
[2016-06-16 21:43:16] Moo : would have been a good move if the premium didn't stay so absurdly high
[2016-06-16 21:43:18] rapidtrades : wtf...i give up
[2016-06-16 21:44:32] aethlios : blue horseshoe loves BTC
[2016-06-16 21:44:55] aethlios : I am selling 5000 contr. U16 at 1500
[2016-06-16 21:45:22] dj_m00p : no US deposit ?? support ?
[2016-06-16 21:45:46] Blargwaffle : Looks like you're having a unicode issue, I see ??.
[2016-06-16 21:48:24] BTCDJS : heeeeerrrrrreeee wwwwweeeeeeeeee ggggoooooooooo aaaaaaggggggaaaaaaiiiiinnnn
[2016-06-16 21:48:29] rapidtrades : u have to f*cked in the head to do what okc did
[2016-06-16 21:48:42] Blargwaffle : Socialized losses ahoy.
[2016-06-16 21:49:28] miramm1115 : why noone buying my sept? it's only 1k, very cheap :-)
[2016-06-16 21:50:09] zanza : 45k liquidation on the books
[2016-06-16 21:50:14] zanza : 7% dpe
[2016-06-16 21:51:28] rapidtrades : good thing i have massive losses on hat contract :)
[2016-06-16 21:51:29] miramm1115 : if you long now you won't be in profit this week and liq will clear at 12
[2016-06-16 21:51:42] miramm1115 : after that it's pure profit :wink:
[2016-06-16 21:52:10] rapidtrades : that shit moved up $480 since friday
[2016-06-16 21:52:14] rapidtrades : shithole cunt
[2016-06-16 21:53:04] rapidtrades : bitcoin is barely up $200 since then
[2016-06-16 21:53:04] tscha : finex froze for me
[2016-06-16 21:53:05] miramm1115 : from <80% to 110% fair rate
[2016-06-16 21:53:25] miramm1115 : quantos are like that
[2016-06-16 21:53:50] ayy_lmao : is finex lagging
[2016-06-16 21:54:29] rapidtrades : finex is always lagging
[2016-06-16 21:54:45] ayy_lmao : thats my secret cap
[2016-06-16 21:54:49] ayy_lmao : im always laggin
[2016-06-16 21:55:13] ayy_lmao : http://images-cdn.9gag.com/photo/azb9gWN_700b.jpg
[2016-06-16 21:55:30] miramm1115 : tscha: finex API good here
[2016-06-16 21:55:37] Blargwaffle : uMatrix has prevented the following page from loading:
[2016-06-16 21:55:45] Blargwaffle : Guess I don't want to see that image.
[2016-06-16 21:56:08] ayy_lmao : its just an avengers meme
[2016-06-16 21:56:32] zanza : Do you guys have a favorite Espada from Bleach ?
[2016-06-16 21:56:33] BTCDJS : does anyone else think this is going up too quick. Indicative of a major dump at whatever top its going to be. my guess 870
[2016-06-16 21:56:58] ayy_lmao : this is like eth during its runup to 0.16-0.34
[2016-06-16 21:57:43] ayy_lmao : finex making new highs while dumping 7 dollars at the same time
[2016-06-16 21:57:48] ayy_lmao : wtf is that liquidity there
[2016-06-16 21:57:57] rapidtrades : finexx is such s
[2016-06-16 21:58:00] rapidtrades : shit
[2016-06-16 21:58:21] BTCDJS : correction I meant 807
[2016-06-16 21:58:34] rapidtrades : hope not
[2016-06-16 21:59:27] MrRGnome : I won't be surprised is we hit new ATH in this bubble, but I'm sure as shit not going to gamble on where the top is. I'd rather ride whatever correction there is back down 15-30%
[2016-06-16 22:00:14] BTCDJS : MrRGnome: yeah its dangerous to try and call the top in a bull run.
[2016-06-16 22:00:27] BTCDJS : or should I say play
[2016-06-16 22:00:35] BTCDJS : you can guess
[2016-06-16 22:00:38] rapidtrades : i need to take a break before tonight
[2016-06-16 22:01:00] rapidtrades : big night? ye
[2016-06-16 22:01:10] BTCDJS : big night?
[2016-06-16 22:01:24] rapidtrades : settlment
[2016-06-16 22:01:40] BTCDJS : put on your best suit and tie
[2016-06-16 22:02:15] MrRGnome : who knows, we might just consolidate. I can see a scenario where bears take a swing and don't move the needle, but spend a few hours trying.
[2016-06-16 22:03:11] BTCDJS : MrRGnome: isn't a bear just a bull selling his shit for profit?
[2016-06-16 22:04:09] MrRGnome : Yeah, I'm essentially saying profit takers could stall the rise, and bears might try to jump on the downwards momentum of profit takers.
[2016-06-16 22:05:24] MrRGnome : I'm not saying I even think that's going to happen, or that downward pressure would be significant enough to change the trend - just that we don't really have enough of an indication to exclude most possibilities right now - this thing is totally unpredictable short term.
[2016-06-16 22:06:30] BTCDJS : anything goes right now.
[2016-06-16 22:07:26] Rado : lets get some volatility
[2016-06-16 22:07:27] Rado : :-)
[2016-06-16 22:07:49] Rado : I want to see $640 and then $850
[2016-06-16 22:07:51] Rado : lol
[2016-06-16 22:09:03] Rado : by the way volume on Chinese exchanges is not big at all for this move
[2016-06-16 22:09:18] Rado : either means we are getting a bigger move soon or we are going to see a big retrace
[2016-06-16 22:09:21] BitMEX_Sam : BFX is certainly doing well
[2016-06-16 22:09:32] Rado : BFX volume has been great
[2016-06-16 22:13:21] BTCDJS : thats ok Finex has led in the past. we don't need china all the time
[2016-06-16 22:14:00] MrRGnome : The thing that convinces me most this trend has more tog o is the close price of the international exchanges. There's almost always a huge disparity before a big crash.
[2016-06-16 22:21:51] CrazyEarner : BitMEX_Sam: hoping you can anwser my question with regards to withheld profits is that 100% of what profit I have made that is due to be released to me when rebalance happens?
[2016-06-16 22:25:07] ayy_lmao : only if there is no DPE
[2016-06-16 22:25:20] BitMEX_Arthur : correct
[2016-06-16 22:29:10] CrazyEarner : How would one find out if their and DPE on it from all me trading done has been green profit
[2016-06-16 22:30:58] BTCDJS : green? mine was blue
[2016-06-16 22:31:05] BTCDJS : thats not fair
[2016-06-16 22:32:43] ayy_lmao : dpe is located on the left side under the current price. It is represented as a percentage.
[2016-06-16 22:32:56] ayy_lmao : it is at 0% right now
[2016-06-16 22:33:15] ayy_lmao : its in the contract details
[2016-06-16 22:35:37] CrazyEarner : Well if it works out to be what is in held and is what it is then am happy
[2016-06-16 22:38:05] ayy_lmao : currently you will get your exact withheld amount, if there is DPE before the re balance, the percentage will be applied against your withheld
[2016-06-16 22:39:22] ayy_lmao : new highs
[2016-06-16 22:39:39] luckynuke : woop woop
[2016-06-16 22:42:01] REKT : Liquidated short on `XBJ24H`: Buy 251 @ 82083.00000
[2016-06-16 22:45:02] Moo : liquidate more shorts pls
[2016-06-16 22:46:20] luckynuke : doom
[2016-06-16 22:46:43] luckynuke : moon-doom-moon-doom
[2016-06-16 22:47:12] Moo : Can I get some more of that $10 premium?
[2016-06-16 23:06:38] alchemist : Hey
[2016-06-16 23:07:59] luckynuke : hey
[2016-06-16 23:08:24] alchemist : What is the benefit of waiting to buy June 24 contracts vs now
[2016-06-16 23:10:56] luckynuke : idk
[2016-06-16 23:12:44] ayy_lmao : not much
[2016-06-16 23:12:47] ayy_lmao : its a legacy contract
[2016-06-16 23:12:51] ayy_lmao : made before perpetual
[2016-06-16 23:13:03] alchemist : Is it too early to buy in
[2016-06-16 23:13:16] alchemist : Buy and hold will the funding rate ruin my profits
[2016-06-16 23:13:53] alchemist : can see it at $850+ next week. I dont k ow whether to buy xbtusd or xbu16
[2016-06-16 23:14:28] alchemist : Xbu pays premium but pays no inter
[2016-06-16 23:14:52] alchemist : Interest. I don't know how to compare or calculate the risk
[2016-06-16 23:16:06] zanza : xbu is discontinued
[2016-06-16 23:16:32] alchemist : Like if I want to buy and hold till the 24th... straight up, whTs better the June 24or the swap
[2016-06-16 23:16:41] miramm1115 : alchemist: do you mean XBTM16? you will get more from XBTM16 long than from XBTUSD long
[2016-06-16 23:16:58] miramm1115 : that's why it's priced higher
[2016-06-16 23:17:47] alchemist : Like if I'm paying 1% every 8 hours does that mean it's be like 24% ish in 8 days
[2016-06-16 23:18:40] alchemist : Crap
[2016-06-16 23:18:47] alchemist : My connection is so bad.
[2016-06-16 23:18:47] miramm1115 : if XBTUSD premium stays at this level you will pay 3% per day
[2016-06-16 23:19:32] miramm1115 : approximately