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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[2016-06-21 01:13:48] jung1 : kind of ranking
[2016-06-21 01:14:05] Yumi : https://www.bitmex.com/app/leaderboard
[2016-06-21 01:15:11] jung1 : thanks
[2016-06-21 01:15:40] jung1 : 669.6831 XBT profit
[2016-06-21 01:15:41] jung1 : wtf
[2016-06-21 01:15:47] Tetsuo : 700$ seems to be a good support on finex, it just wom´t breal, lmao
[2016-06-21 01:16:17] Yumi : we can only guess really
[2016-06-21 01:16:37] jung1 : people are really pissed of for finex
[2016-06-21 01:17:37] ayy_lmao : tetsuo, ur joking right?
[2016-06-21 01:17:46] rapidtrades : We're experiencing networking issues within our new datacenter that we recently migrated to. We're working with hosting providers to fix it
[2016-06-21 01:17:58] ayy_lmao : lol u have to be
[2016-06-21 01:18:01] rapidtrades : sam got it right
[2016-06-21 01:18:20] rapidtrades : what useless morans man
[2016-06-21 01:18:38] rapidtrades : why would u do that right in the middle of a rally
[2016-06-21 01:18:39] boolander : pure clownage
[2016-06-21 01:18:41] rapidtrades : stupid cunts
[2016-06-21 01:18:46] Yumi : people on reddit like to give bitmex hard time for different reasons but its best technology wise platform I traded at
[2016-06-21 01:18:50] jung1 : couse of money
[2016-06-21 01:19:07] rapidtrades : they will lose a lot more money after this
[2016-06-21 01:19:37] jung1 : and atoher dip incomming?
[2016-06-21 01:19:53] rapidtrades : i don't even have a position there, just a bid and im pissed
[2016-06-21 01:20:14] aethlios : jung1: 665, start thinking where to go long. 665 or more greedy to 585???
[2016-06-21 01:20:15] Tetsuo : 4000 CNY will be the bottom within the next 10 days
[2016-06-21 01:20:32] billz : Tetsuo: chill lets try for 4500
[2016-06-21 01:20:36] rapidtrades : the best platform is by far mt4, btc-e and some others have it
[2016-06-21 01:20:42] billz : 4000 might end this
[2016-06-21 01:20:46] aethlios : We're experiencing networking issues within our new datacenter that we recently migrated to. We're working with hosting providers to fix it
[2016-06-21 01:20:48] Tetsuo : btc-e is king
[2016-06-21 01:20:52] luckynuke : china still fighting
[2016-06-21 01:21:00] rapidtrades : this web based shit is for kids
[2016-06-21 01:21:46] luckynuke : rapidtrades: you are shit
[2016-06-21 01:21:51] jung1 : aethlios: https://www.tradingview.com/chart/BTCCNY/HojzteBL-BTCC-Daily-EW-Count/
[2016-06-21 01:22:02] rapidtrades : k @luckynuke tnx
[2016-06-21 01:22:18] luckynuke : rapidtrades: you are welcome
[2016-06-21 01:23:09] billz : prices are all over the place right now
[2016-06-21 01:23:14] jung1 : imo there is still possible 30-50$ drop
[2016-06-21 01:23:19] jung1 : and then bullish
[2016-06-21 01:23:23] billz : 670 coinbase, 720 okcoin, bfx ded
[2016-06-21 01:23:24] jung1 : something like this https://www.tradingview.com/chart/BTCUSD/mnJpcZln-One-possible-scenario-for-BTC/
[2016-06-21 01:24:56] luckynuke : jung1: thats for bitfinex
[2016-06-21 01:25:07] jung1 : for bitcoin
[2016-06-21 01:25:12] aethlios : this trader is a big short fun.
[2016-06-21 01:25:12] jung1 : finex will dump
[2016-06-21 01:25:19] Tetsuo : "Quote from: GreekGeek on Today at 01:20:00 AM has anyone tried to withdraw from finex? i did like 3 hours ago. I had the withdrawal approved email 55 minutes ago. i havent received my bitcoin yet"
[2016-06-21 01:25:24] jung1 : and everything will be ok
[2016-06-21 01:25:25] luckynuke : jung1: yes, try to load the bars
[2016-06-21 01:25:44] jung1 : Tetsuo: they process withrawall manually
[2016-06-21 01:26:29] Tetsuo : jung1: you think they asleep right now :-D
[2016-06-21 01:26:55] jung1 : most likely they sniff coke
[2016-06-21 01:26:57] jung1 : now
[2016-06-21 01:27:05] Tetsuo : probably
[2016-06-21 01:27:21] arbitrage001 : traders on finex going to be pissed
[2016-06-21 01:27:29] jung1 : https://www.reddit.com/r/BitcoinMarkets/comments/4p1yk6/bitfinex_outage_megathread/
[2016-06-21 01:27:32] aethlios : swap volume strong!! well done.
[2016-06-21 01:29:51] lockhedge : how are liquidations handled at finex? still market orders?
[2016-06-21 01:29:58] miramm1115 : lockhedge: yes
[2016-06-21 01:30:30] Tetsuo : lockhedge: i think so
[2016-06-21 01:31:13] Yumi : but liquidations dont trigger other liquidations, thats what they said, whatever that means
[2016-06-21 01:31:31] lockhedge : this might be their much bigger problem now after they got their system running. a lot of liquidations and a thin order book.
[2016-06-21 01:31:43] halloz : Gdax down 665 - jeebus
[2016-06-21 01:32:15] jung1 : huobi going down
[2016-06-21 01:32:34] Tetsuo : problem is, in 2-3 months all those monkeys will have forgotten about the issue and still trade on finex
[2016-06-21 01:32:53] Tetsuo : if they haven´t exit scammed until tha
[2016-06-21 01:33:40] jung1 : this is how free market works
[2016-06-21 01:33:56] jung1 : you can loose your money whenever you want
[2016-06-21 01:34:25] asdfman : lol
[2016-06-21 01:35:04] Tetsuo : coinbase@650
[2016-06-21 01:35:18] asdfman : techs on fin-ex pretty stressed by now I guess
[2016-06-21 01:36:05] Adura : If you can loose your money, how can you tighten it?
[2016-06-21 01:36:41] jung1 : https://bfxdata.com/sentiment/longshort The margin longs and shorts have almost all closed off. From $33 mil to $200k?
[2016-06-21 01:36:49] Rado : Is Bitfinex down again?
[2016-06-21 01:37:07] Tetsuo : Rado: No, just fightin for 700
[2016-06-21 01:37:19] jung1 : Rado: https://www.reddit.com/r/BitcoinMarkets/comments/4p1yk6/bitfinex_outage_megathread/
[2016-06-21 01:37:25] Tetsuo : jung1: data is fucked up
[2016-06-21 01:37:38] jung1 : still stinky
[2016-06-21 01:37:51] asdfman : Tetsuo: best done with 0 volume
[2016-06-21 01:38:35] Rado : anyone know what happened?
[2016-06-21 01:39:04] luckynuke : Rado: just coffee+computer = error
[2016-06-21 01:40:28] asdfman : someone probably kickek the server giving the hdd a big jolt, leaving everything unavailable.
[2016-06-21 01:40:47] Tetsuo : luckynuke: elaborated | scammin by the finex owners, as it happened multiple times before
[2016-06-21 01:41:08] luckynuke : Tetsuo: no just coffee
[2016-06-21 01:41:57] jung1 : Currently a $61 spread between Huobi and GDAX.
[2016-06-21 01:43:01] luckynuke : with 10 bitcoin you could make a profit of 610$
[2016-06-21 01:43:25] Tetsuo : multiple people on bitcointalk and reddit are already claimin how this is actually good for BTC, LMAO
[2016-06-21 01:43:25] luckynuke : with 2 trades and 1 transaction
[2016-06-21 01:44:48] luckynuke : https://www.tradingview.com/x/9WCEEQMi/
[2016-06-21 01:44:52] asdfman : stamp gonna puke more?
[2016-06-21 01:44:54] jung1 : coinbase go back from 650 to 700
[2016-06-21 01:45:03] luckynuke : Mr. Brian Beamish guys
[2016-06-21 01:45:44] jung1 : bearstamp
[2016-06-21 01:46:43] zanza : that 30m red candle
[2016-06-21 01:46:49] jung1 : ah f this Im not touching it until finex will back
[2016-06-21 01:47:22] jung1 : good time to buy some alts
[2016-06-21 01:49:00] aethlios : where is the bear whale to short more???
[2016-06-21 01:49:34] luckynuke : aethlios: dead
[2016-06-21 01:49:47] luckynuke : aethlios: found him at the beach
[2016-06-21 01:50:25] aethlios : luckynuke: he is out there looking to eat some more long flesh.
[2016-06-21 01:50:47] luckynuke : aethlios: nooo
[2016-06-21 01:50:59] luckynuke : aethlios: i will kill him
[2016-06-21 01:51:22] jung1 : huobi dumping
[2016-06-21 01:51:34] jung1 : 4735
[2016-06-21 01:51:38] palmer1979 : anybody noticed that XBTUSD funding rates do not take the interest rate spread into account anymore?
[2016-06-21 01:51:45] aethlios : lisk eth dead, didn't move up much to btc dump.
[2016-06-21 01:52:26] jung1 : Im holding my lisk ico
[2016-06-21 01:52:32] jung1 : at least 6months
[2016-06-21 01:52:35] migz : expect a double btc bottom.
[2016-06-21 01:53:56] jung1 : im not shure
[2016-06-21 01:54:08] jung1 : The longer they wait and the more the other exchanges stabilise, the less panic selling when they go live again.
[2016-06-21 01:55:47] aethlios : jung1: place low 525 bids at finex to catch the market sellers when trading resumes
[2016-06-21 01:56:11] jung1 : im not trading on finex
[2016-06-21 01:56:17] bobo : gdax back to 693
[2016-06-21 01:57:02] palmer1979 : XBTUSD funding rates are not biased or centred on interest rate spread anymore
[2016-06-21 01:57:23] palmer1979 : what kind of product is it now? BitMEX premium arbitrage?
[2016-06-21 01:59:55] aethlios : palmer1979: https://www.bitmex.com/app/swapsGuide
[2016-06-21 02:00:11] palmer1979 : yeah, that's what I was reading
[2016-06-21 02:00:28] aethlios : palmer1979: every 8 hours the premium or discount is used
[2016-06-21 02:01:12] aethlios : palmer1979: so finally swap price keeps close to spot and volume is larger
[2016-06-21 02:01:15] palmer1979 : the discount is only used when smaller than premium and when premium has the same sign
[2016-06-21 02:01:39] palmer1979 : i am saying that the discount is only used for funding rate calc in a few rare cases
[2016-06-21 02:02:19] aethlios : palmer1979: if there is a discount it is always used, if there is premium then the higher is used between prmium or bitfinex rates.
[2016-06-21 02:02:22] lockhedge : premium index/funding rate is currently flawed because of the Bitfinex outage (partly frozen index price) .
[2016-06-21 02:03:00] palmer1979 : the funding rate should be biased towards the discount rate
[2016-06-21 02:03:35] palmer1979 : sometimes its higher, sometimes lower because of premium
[2016-06-21 02:03:49] palmer1979 : but discount rate must always be in funding rate
[2016-06-21 02:04:10] palmer1979 : now it is not, tiny negative premium can cancel large positive discount
[2016-06-21 02:04:43] jung1 : Bitfinex: "We will monitor liquidations to ensure that they aren't just dumped on the market."
[2016-06-21 02:04:56] aethlios : negative Funding rate is extremely rare, btc must go 120 to happen.
[2016-06-21 02:05:09] palmer1979 : besides the point
[2016-06-21 02:05:21] asdfman : jung1: isnt that also manipulating?
[2016-06-21 02:05:30] jung1 : yes it is
[2016-06-21 02:05:41] asdfman : how can they even do that?
[2016-06-21 02:05:46] asdfman : like technically
[2016-06-21 02:05:54] asdfman : or financially.
[2016-06-21 02:05:54] bobo : lol
[2016-06-21 02:06:41] jung1 : they just post it on twitter
[2016-06-21 02:06:46] asdfman : "oh price under manys liq, but fuck that"
[2016-06-21 02:07:37] jung1 : but maybe becouse of that we will stay above 700
[2016-06-21 02:08:07] jung1 : if that just means they won't liquidate anyone until the orderbook fills back up?
[2016-06-21 02:08:09] palmer1979 : aethlios: a negative funding rate will happen whenever premium is negative, it is not going to be a rare situation.
[2016-06-21 02:08:14] asdfman : because they are pulling a chineese stock market refuse?
[2016-06-21 02:08:30] j8 : they have some freedom in how they execute liquidations, they always have
[2016-06-21 02:08:38] asdfman : yewh
[2016-06-21 02:09:10] j8 : of course they want to avoid a cascade
[2016-06-21 02:09:10] aethlios : palmer1979: as funding bitmex mean the difference usd bitfinex rates-bitfinex btc rates.
[2016-06-21 02:09:17] asdfman : would love to be a fly in both the CFOs office and the CTOs office now
[2016-06-21 02:09:37] jung1 : https://www.reddit.com/r/BitcoinMarkets/comments/4owvj5/daily_discussion_monday_june_20_2016/d4hh8fo say what
[2016-06-21 02:09:38] arbitrage001 : any idea when finex trading resume?
[2016-06-21 02:09:45] hq03821 : Hey all, I'm just wondering whether there is an independent page for the latest announcement/notification. Any idea? :)
[2016-06-21 02:09:50] hq03821 : :)
[2016-06-21 02:09:58] asdfman : ooh like forall sites?
[2016-06-21 02:10:02] asdfman : that would be nicve
[2016-06-21 02:10:12] asdfman : all exchanges*
[2016-06-21 02:10:19] palmer1979 : aethlios: you still don't get what I mean. i am not worried about the interest rate spread. i am worried that the interest rate spread is almost never reflected in the funding rate
[2016-06-21 02:10:38] BitMEX_Wally : https://bitfinex.statuspage.io
[2016-06-21 02:10:42] stf28 : hq03821: https://bitfinex.statuspage.io/ ?
[2016-06-21 02:10:53] jung1 : arbitrage001: https://www.reddit.com/r/BitcoinMarkets/comments/4p1yk6/bitfinex_outage_megathread/
[2016-06-21 02:11:04] aethlios : palmer1979: yes practically until now the premium or discount is used.
[2016-06-21 02:12:38] palmer1979 : aethlios: and that will be the case in 95% of times, only premium or discount determine funding rate, so interest spread is irrelevant to funding
[2016-06-21 02:12:59] hq03821 : Right I mean a page like Bitfinex's one FOR Bitmex. But a page for all would be awesome! (nah I know it's impossible :p nvm)
[2016-06-21 02:13:04] asdfman : "We'll be monitoring liquidations so that they don't dump on any empty book. "
[2016-06-21 02:13:29] palmer1979 : aethlios: especially because tiny discount can cancel even large positive spread. it's a completely different product.
[2016-06-21 02:14:05] jung1 : finex is fucked
[2016-06-21 02:14:08] jung1 : and they know that
[2016-06-21 02:14:14] aethlios : palmer1979: true, also notice it has a cap of +-0.375% that it can change every 8 hours.
[2016-06-21 02:14:37] asdfman : how in the world are they gonna manage that
[2016-06-21 02:15:05] palmer1979 : aethlios: so far i was sure to earn on average the interest spread, no matter what premium or discount on BitMEX. Now I know shit.
[2016-06-21 02:15:55] jung1 : coinbase dumping again
[2016-06-21 02:15:57] arbitrage001 : palmer1979: rate is negative
[2016-06-21 02:16:01] jung1 : 687
[2016-06-21 02:16:06] arbitrage001 : and the next one is negative also
[2016-06-21 02:16:57] aethlios : palmer1979: Are you covered short?? in an uptrend there is always strong premium, also the rate is not daily but 8hourly. if premium was 1%, and stays 1% all 24 hours, then you receive 3%.
[2016-06-21 02:17:11] aethlios : palmer1979: https://www.bitmex.com/app/index/.XBTUSDPI history of premium
[2016-06-21 02:17:54] aethlios : palmer1979: a lot of premium previous days.
[2016-06-21 02:18:31] aethlios : palmer1979: https://www.bitmex.com/app/index/.XBTBON8H this is the correct link
[2016-06-21 02:18:46] jung1 : 685 coinbase
[2016-06-21 02:19:28] jung1 : 84
[2016-06-21 02:21:34] asdfman : market might jump as people want btc not dollar for a quick exit of finex
[2016-06-21 02:21:41] palmer1979 : aethlios: i am going to think about this some more. i personally think the product has been fundamentally broken, but whatever
[2016-06-21 02:21:56] asdfman : my guess is 50/50 up/down xD
[2016-06-21 02:22:11] jung1 : asdfman: good that you are here on trollbox
[2016-06-21 02:23:25] jung1 : 82 on coinbase
[2016-06-21 02:23:27] asdfman : yeah, but its dragging out. promised myself i'd wait it out till they came back online, but overestimated their, level of preparedness or What ever
[2016-06-21 02:23:33] j8 : palmer1979: it was fundamentally broken before, it's a bit more functional now. rates are pretty unpredictable though
[2016-06-21 02:23:43] jung1 : asdfman: same
[2016-06-21 02:23:46] jung1 : but im short
[2016-06-21 02:23:47] jung1 : hehe
[2016-06-21 02:23:53] asdfman : me too :D
[2016-06-21 02:24:22] palmer1979 : j8: no, it was not broken, it was simply trading at a high premium, just like it is now trading at a discount
[2016-06-21 02:25:02] palmer1979 : j8: i think it's kaputt because they do not always use the interest rate spread in the funding rate
[2016-06-21 02:25:25] j8 : it was broken, as it wasn't able to clear liquidations while trading at a premium but being marked to spot
[2016-06-21 02:25:26] palmer1979 : j8: funding rate should be: premium/discount + interest spread
[2016-06-21 02:25:34] j8 : there was 32% DPE over 2 days
[2016-06-21 02:25:44] palmer1979 : j8: funding rate should be: premium + interest spread
[2016-06-21 02:26:06] palmer1979 : j8: right now product does not reflect interest spread anymore
[2016-06-21 02:26:25] j8 : either way, the interest has been small compared to the premium. wouldn't change much
[2016-06-21 02:26:56] j8 : it's meant to act as it's own sort of lending market
[2016-06-21 02:27:29] palmer1979 : j8: exactly, so funding rate should always be based on interest spread +/- premium
[2016-06-21 02:28:42] palmer1979 : j8: atm the product only really reflects premium, because their formula removes interest spread as a factor most of the time
[2016-06-21 02:28:49] asdfman : 5h offline. man poor techs
[2016-06-21 02:29:00] j8 : it pretty much is though. the premium is calculated relative to the current funding rate
[2016-06-21 02:29:08] rogue : have you heard about what happened to Bitfinex?
[2016-06-21 02:29:16] arbitrage001 : finex going down the tube
[2016-06-21 02:29:22] rogue : How come the ETH/BTC index is stable then?
[2016-06-21 02:29:30] palmer1979 : j8: no its not!! that is my point. it is mostly just ignored!!
[2016-06-21 02:29:31] arbitrage001 : when market move, traders cant get in or out
[2016-06-21 02:29:39] arbitrage001 : some people oging to be furious
[2016-06-21 02:29:45] jung1 : @rogue cous both, finex ant eth are broken
[2016-06-21 02:30:11] rogue : :)
[2016-06-21 02:30:20] BitMEX_Wally : ETHXBT is trading at a 5% discount
[2016-06-21 02:30:28] kingscrown : trade BTC ETH LTC with leverage and buy with CC guide http://fuk.io/where-to-day-trade-bitcoin-on-the-bull-run-leverage-futures-spot-trading/
[2016-06-21 02:30:48] BitMEX_Wally : https://www.bitmex.com/app/index/.ETHXBTPI
[2016-06-21 02:30:54] asdfman : stamp puking more :O
[2016-06-21 02:31:03] boolander : ETH is not broken. it's just stuck in a circular vortex of gently caressing itself.
[2016-06-21 02:31:15] rogue : another noobish question, how is the Mark Price calculated? It's lagging, doesn't seem to be a moving average.
[2016-06-21 02:31:18] jung1 : dao will be just top of iceberg
[2016-06-21 02:31:22] micmix : BitMEX_Wally: will you switch ETHXBT to new funding rules on Friday as planned?
[2016-06-21 02:31:28] jung1 : a lot of developement is needed
[2016-06-21 02:31:30] BitMEX_Wally : micmix: Yes
[2016-06-21 02:31:34] micmix : BitMEX_Wally: ok, good
[2016-06-21 02:32:01] BitMEX_Wally : rogue: The mark price is based on the Kaiko index: www.kaiko.com/bitmex
[2016-06-21 02:32:39] boolander : it's a good thing bitfinix is only 50% of that kaiko index
[2016-06-21 02:32:50] rogue : @BitMEX_Wally thanks!
[2016-06-21 02:33:53] palmer1979 : j8: i think they should just remove the interest spread from the funding rate. at least than it's clear to everyone.
[2016-06-21 02:34:11] j8 : i think that would make sense
[2016-06-21 02:35:28] asdfman : bit fin ex
[2016-06-21 02:36:06] asdfman : back to the dollar everybody. best currency there is. so good they will kill you for it
[2016-06-21 02:36:18] asdfman : muh debt
[2016-06-21 02:36:38] micmix : I can bet that 90% of traders here don't understand funding at all and have no idea how much they are paying to long when there is a premium.
[2016-06-21 02:36:43] asdfman : bring your legal names
[2016-06-21 02:36:58] jung1 : micmix: 95%
[2016-06-21 02:38:59] palmer1979 : jung1: but you do
[2016-06-21 02:39:18] j8 : i think the system needs some tweaks, i mean even a 0.1% premium is 0.3% daily or over 100% p.a., but that's a pretty small trading range
[2016-06-21 02:39:45] elmorte : Morning! What did I miss?
[2016-06-21 02:39:58] jung1 : elmorte: finex was down
[2016-06-21 02:40:01] asdfman : is
[2016-06-21 02:40:04] jung1 : and 50$ dump
[2016-06-21 02:40:05] keith : hi Wally/ Sam here?
[2016-06-21 02:40:08] jung1 : day as always
[2016-06-21 02:40:17] jung1 : palmer1979: more less
[2016-06-21 02:40:52] palmer1979 : j8: that part would be ok. only the part where BitMEX_Arthur told people in the blog that you could earn the interest rate spread using XBTUSD is not correct anymore
[2016-06-21 02:41:18] keith : BitMEX_Wally: Hi Wally
[2016-06-21 02:41:44] j8 : yes, well everyone was pretty angry about the contract terms changing suddenly @palmer1979
[2016-06-21 02:41:45] palmer1979 : https://blog.bitmex.com/weekend-arbitrage-warriors/
[2016-06-21 02:41:54] micmix : j8: yeah, it's too aggressive now. maybe switching back to daily funding would help but then funding rate adjustments are going to be slower
[2016-06-21 02:42:24] palmer1979 : micmix: i would be happy if they simply did (interest spread) + (premium)
[2016-06-21 02:43:04] palmer1979 : micmix: that way you penalize overshoot/undershoot but still are anchored to the promised interest rate spread
[2016-06-21 02:43:18] j8 : palmer1979: i imagine if you did that the premium would just be priced down by the interest spread.
[2016-06-21 02:43:47] REKT : Liquidated long on `XBTUSD`: Sell 2000 @ 695.73
[2016-06-21 02:43:59] 1QaZxSw2 : who the f___ is even longing here
[2016-06-21 02:44:49] palmer1979 : j8: what do you mean by priced down?
[2016-06-21 02:45:08] BitMEX_Arthur : Why is the rate too aggressive? If the swap is trading at a 1% premium surely that needs to be paid
[2016-06-21 02:45:12] BitMEX_Arthur : because there is no expiry date
[2016-06-21 02:45:16] j8 : if you add another 0.05% to the funding rate then you will probably lose 0.05% in the premium
[2016-06-21 02:45:28] jung1 : what a price drop
[2016-06-21 02:46:06] micmix : BitMEX_Arthur: does 1% need to be paid every 8 hours? that's a lot of money
[2016-06-21 02:46:32] palmer1979 : BitMEX_Arthur: I don't doubt that. But you have removed the interest rate spread from the equation 99% of time. I thought the product value was determined by the spread.
[2016-06-21 02:46:43] 1QaZxSw2 : thats worse than Mafia interest, which is only 1% per week
[2016-06-21 02:46:44] elmorte : jung1: yeah I was wondering why the finex feed flatlined
[2016-06-21 02:46:46] REKT : Liquidated long on `XBTUSD`: Sell 1000 @ 694.34
[2016-06-21 02:46:50] micmix : I'm not complaining bc I'm getting paid most of the time :smile:
[2016-06-21 02:46:57] BitMEX_Arthur : micmix: Then don't go long
[2016-06-21 02:47:00] BitMEX_Arthur : Go short
[2016-06-21 02:47:02] BitMEX_Arthur : :smile:
[2016-06-21 02:47:04] j8 : BitMEX_Arthur: it's just that the rate will always be pretty outrageous, or the instrument will be confined to trade in a very narrow range around spot.. maybe that's the intention
[2016-06-21 02:47:07] REKT : Liquidated long on `XBTUSD`: Sell 357000 @ 693.42 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-06-21 02:47:07] REKT : Liquidated long on `XBTUSD`: Sell 119515 @ 693.62 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-06-21 02:47:15] jung1 : [*]
[2016-06-21 02:47:28] jung1 : 4700
[2016-06-21 02:47:31] jung1 : on huobi
[2016-06-21 02:47:36] jung1 : aaaand its gone
[2016-06-21 02:48:00] asdfman : ouch @ rektasaurus
[2016-06-21 02:48:02] palmer1979 : BitMEX_Arthur: you advertised the product as a way to earn the interest rate spread, on average. but i think you have broken the connection between product and interest spread.
[2016-06-21 02:48:37] elmorte : Did the funding equation change over night?
[2016-06-21 02:48:46] palmer1979 : BitMEX_Arthur: Funding is almost always determined by premium now, the interest spread is ignored.
[2016-06-21 02:48:50] elmorte : The chat archive used to cover 24hrs+
[2016-06-21 02:49:15] elmorte : Now it didn't even cover the duration of my sleep
[2016-06-21 02:49:27] keith : BitMEX_Arthur: Hi Arthur
[2016-06-21 02:49:32] BitMEX_Arthur : palmer1979: But why is that an issue, it's the same as a futures contract
[2016-06-21 02:49:40] BitMEX_Arthur : keith: Hi
[2016-06-21 02:49:56] keith : BitMEX_Arthur: Can you help to ask Ben to help unblocking us
[2016-06-21 02:50:09] keith : we are testing something on the error handling
[2016-06-21 02:50:19] BitMEX_Arthur : keith: Ok
[2016-06-21 02:50:36] palmer1979 : BitMEX_Arthur: I am not holding futures, I am doing what you recommended on https://blog.bitmex.com/weekend-arbitrage-warriors/
[2016-06-21 02:50:40] lockhedge : BitMEX_Arthur: any plans to kick finex out of the index? it keeps the mark price at an artificial 1% premium atm vs. USD spot and market
[2016-06-21 02:50:51] palmer1979 : BitMEX_Arthur: And that is not working anymore now
[2016-06-21 02:51:17] BitMEX_Arthur : palmer1979: Over the past two weeks if you sold swap and bought spot, you would have made a lot of money
[2016-06-21 02:51:31] palmer1979 : BitMEX_Arthur: That is not the point at all
[2016-06-21 02:51:46] BitMEX_Arthur : palmer1979: Arbitrage strategies change, nothing is static
[2016-06-21 02:52:03] palmer1979 : BitMEX_Arthur: You mean, products change
[2016-06-21 02:52:19] BitMEX_Arthur : lockhedge: We are keeping a close eye on the situation, if we declare and MDE and switch pricing sources a heads up will be given
[2016-06-21 02:53:11] BitMEX_Arthur : palmer1979: Things change quickly in bitcoin, but the thought process doesn't, if i borrow at less than 1% per 8 hours, i have no issue lending synthetic dollars, either through a swap, a futures contract, or a margin lending book
[2016-06-21 02:53:23] asdfman : BitMEX_Arthur: yeah, you best kiss first before you fuck
[2016-06-21 02:53:24] BitMEX_Arthur : they are all the same product, it's just borrow and lending synthetic USD vs. Bitcoin
[2016-06-21 02:54:14] 3aum : yeah spot index seems high
[2016-06-21 02:54:54] 3aum : no exchange is at 694 right now
[2016-06-21 02:55:14] palmer1979 : BitMEX_Arthur: Look, the interest rate spread between USD and XBT has not changed. That is the basis of the XBTUSD product. Now you abolished the link between rate spread and your product. That is different than "things changing in the world"
[2016-06-21 02:55:21] rapidtrades : any finex news
[2016-06-21 02:56:01] BitMEX_Arthur : palmer1979: No we don't, you have a 50x leveraged product, the rates will be higher, we error'd in not realising that from the start
[2016-06-21 02:56:03] rapidtrades : why dont; u guys fix the f laaag
[2016-06-21 02:56:07] jung1 : another attack for 4700
[2016-06-21 02:56:20] rapidtrades : noone cares jung1
[2016-06-21 02:56:32] jung1 : go long rapid
[2016-06-21 02:56:36] jung1 : and enjoy
[2016-06-21 02:57:07] palmer1979 : BitMEX_Arthur: it is not about rates being "higher" or "lower". Can you not see that the old funding rate was anchored to the Bitfinex interest spread, and now it isn't?
[2016-06-21 02:57:34] aethlios : bitfinex rates are not normal, bitfinex must provide usd liquidity cheap so that traders can trade. it was wrong that was used as a benchmark for a 100x perpetual. This had to change.
[2016-06-21 02:58:22] palmer1979 : aethlios: it is not about "normal". the contract spec shows that XBTUSD is anchored to finex, and now it really is not.
[2016-06-21 02:58:52] REKT : Liquidated long on `XBTUSD`: Sell 100 @ 692.16
[2016-06-21 02:59:05] palmer1979 : oh well, i will go smoke and than slowly get my money out of BitMEX
[2016-06-21 02:59:08] BitMEX_Arthur : palmer1979: But the price of the swap deviated from that bfx rates
[2016-06-21 02:59:37] BitMEX_Arthur : Traders were willing to pay and receive the higher rates because of the leverage and volatility of Bitcoin over the past 3 weeks
[2016-06-21 03:00:10] 3aum : XBX is at 686
[2016-06-21 03:00:12] palmer1979 : BitMEX_Arthur: yes, that is why you are now using a premium correction. but the way you introduced the premium correction abolishes the link to the rate spread on finex.
[2016-06-21 03:00:40] asdfman : "zanetackett 1 point 13 minutes ago We are experiencing networking issues within our datacenter and are working with our hosting provider to identify the issue and get it solved."
[2016-06-21 03:00:47] palmer1979 : BitMEX_Arthur: your product is know only about discount/premium, not about finex interest spreads.
[2016-06-21 03:00:47] REKT : Liquidated long on `XBTUSD`: Sell 1000 @ 690.57
[2016-06-21 03:00:47] REKT : Liquidated long on `XBTUSD`: Sell 20000 @ 690.69 **MEGA-REKT** :boom:
[2016-06-21 03:00:52] zanza : over 1000 comments in daily reddit thread
[2016-06-21 03:00:56] asdfman : still not identified?!
[2016-06-21 03:01:40] palmer1979 : BitMEX_Arthur: look at your funding rate formula again. it does not reflect finex rate spread most of the time, not even on average.
[2016-06-21 03:01:40] micmix : palmer1979: rate spread on finex is pretty useless. it has been positive as long as I remember even in down trend. There was maybe couple of weeks in the last few years when BTC landing rates were higher than USD
[2016-06-21 03:02:08] REKT : Blood on the streets!
[2016-06-21 03:02:08] REKT : Liquidated long on `XBTUSD`: Sell 2200 @ 688.63
[2016-06-21 03:02:08] REKT : Liquidated long on `XBTUSD`: Sell 7000 @ 687.81
[2016-06-21 03:02:08] REKT : Liquidated long on `XBTUSD`: Sell 3 @ 688.35 :punch: :whale:
[2016-06-21 03:02:08] REKT : Liquidated long on `XBTUSD`: Sell 3280 @ 688.03
[2016-06-21 03:02:10] jung1 : china push dow
[2016-06-21 03:02:24] zanza : here we go
[2016-06-21 03:02:46] keith : BitMEX_Arthur: Hi Arthur, any reply from Ben?
[2016-06-21 03:02:47] palmer1979 : micmix: it is not useless at all. it is a public market for interest rates, which tells us the interest we should get on average for XBTUSD.
[2016-06-21 03:03:05] rapidtrades : china is $30 higher..this is strictly us panic...spoiler alert, it wont als
[2016-06-21 03:03:29] arbitrage001 : arbitrage technique is fun till one of the major platform went down for 5 hours
[2016-06-21 03:03:41] arbitrage001 : and btc stucked
[2016-06-21 03:03:46] micmix : palmer1979: well you can't use the spread to keep the swap anchored to spot price, we saw that already.
[2016-06-21 03:04:26] palmer1979 : micmix: it does not need to be anchored to spot, it can fluctuate around spot, with a bias towards the interest rate spread.
[2016-06-21 03:04:54] palmer1979 : oh well, really will go smoke one no. bye everybody.
[2016-06-21 03:05:07] micmix : the spread is too low to keep people interested in shorting during uptrend
[2016-06-21 03:05:39] aethlios : volumes are much higher now because arbitragers can keep the swap price close to spot. we would have 4000 btc volume wilth the old system.
[2016-06-21 03:07:18] micmix : palmer1979: I'm not saying it's an ideal system but it's better than it was with finex spread only
[2016-06-21 03:08:16] asdfman : bband-goose bleading out the mouth @4h
[2016-06-21 03:08:42] aethlios : it's up to longs to decide what premium is best for them to pay, based on their bullish expectations.
[2016-06-21 03:09:32] jung1 : http://themerkle.com/trace-mayer-predicts-bitcoin-price-to-reach-us3000-after-halving/
[2016-06-21 03:09:57] aethlios : if I believe btc will go up 30 usd in next 8 hours I could be willing to pay 5 premium.
[2016-06-21 03:10:12] asdfman : 3 minutes ago We understand that users can get stressed when things go wrong, so we understand the importance of being there, talking to them, and explaining what the issue is. I apologize for anyone who is negatively affected by this but we're doing everything in our power to find a solution.
[2016-06-21 03:10:23] rapidtrades : fix ur lag bitmex this isn't funny
[2016-06-21 03:10:39] rapidtrades : asdfman: cunts
[2016-06-21 03:11:06] BitMEX_Wally : rapidtrades: We're sending out an announcement soon
[2016-06-21 03:11:36] rapidtrades : hope its about killing the chart
[2016-06-21 03:11:38] 3aum : Wally, how is the XBT index so high?
[2016-06-21 03:11:57] 3aum : no USD spot is above 690 right now
[2016-06-21 03:11:58] jung1 : someon on reddit: It's interesting that the exchanges have not come to some agreement to off load transactions when the network goes down. For stocks it is transparent. You don't get filled in NY, it might get filled in Chicago. That's where we need to get eventually or this stuff will continue happening.
[2016-06-21 03:12:01] jung1 : agree 100%]
[2016-06-21 03:12:35] rapidtrades : how about some personal responsibility?
[2016-06-21 03:13:15] rapidtrades : that sysetm caused the flash crash btw
[2016-06-21 03:16:53] Mike : BUY BUY BUY
[2016-06-21 03:16:58] rapidtrades : yeah dumping with china at $714
[2016-06-21 03:17:41] jung1 : people say that they have ecen trouble to trade on gdax
[2016-06-21 03:17:51] jung1 : all hail bitmex
[2016-06-21 03:18:53] 1QaZxSw2 : exchanges using cloudflare proabably getting f___d because cloudflare thinks the high vol is DDOS
[2016-06-21 03:19:39] asdfman : lol
[2016-06-21 03:19:41] rapidtrades : yeah wel then exchanges should seperate trading from webiste...like all normal financial sites
[2016-06-21 03:21:05] asdfman : indeed
[2016-06-21 03:21:25] jung1 : its not going to be green
[2016-06-21 03:21:59] elmorte : Cloudflare should check captchas then
[2016-06-21 03:22:21] rogue : Imagine trading trying to decipher captchas during a panic sell
[2016-06-21 03:22:22] rogue : hilarious
[2016-06-21 03:22:29] rogue : traders*
[2016-06-21 03:23:31] asdfman : following this down to 550 would be.. wow
[2016-06-21 03:25:16] jung1 : not impossible
[2016-06-21 03:25:47] elmorte : Malaysian market crashed $150 in 2 hrs
[2016-06-21 03:26:03] jung1 : couse of finex?
[2016-06-21 03:26:09] elmorte : Just coz
[2016-06-21 03:26:15] elmorte : panic
[2016-06-21 03:26:25] elmorte : Luckily I paniced first :)
[2016-06-21 03:26:30] asdfman : haah
[2016-06-21 03:26:32] elmorte : panicked rather
[2016-06-21 03:26:46] elmorte : Last night....sold almost everything at 31xx...
[2016-06-21 03:26:49] elmorte : Now it's 26xx
[2016-06-21 03:27:11] jung1 : gratz
[2016-06-21 03:27:18] elmorte : jung1: ain't over yet...
[2016-06-21 03:27:37] asdfman : you short @elmorte ?
[2016-06-21 03:28:08] elmorte : I wish....
[2016-06-21 03:28:14] asdfman : :P
[2016-06-21 03:28:16] elmorte : I was 40k long at 757 last night when the shit began
[2016-06-21 03:28:27] elmorte : Got out at 737
[2016-06-21 03:28:38] elmorte : Luckily my short on Sept covered some losses
[2016-06-21 03:29:02] jung1 : elmorte: whats your prediction about next days?
[2016-06-21 03:29:18] elmorte : flash crash when finex comes back on...
[2016-06-21 03:29:24] elmorte : then we'll see...
[2016-06-21 03:29:44] jung1 : Coinbase up at $709
[2016-06-21 03:30:10] jung1 : $15 over OK Coin -- when it was trailing by over $40
[2016-06-21 03:30:14] asdfman : with reports of fucked up orderings
[2016-06-21 03:30:17] jung1 : bitcoin <3
[2016-06-21 03:30:42] elmorte : Bitstamp....damn...
[2016-06-21 03:30:48] jung1 : bearstamp?
[2016-06-21 03:31:05] elmorte : Did you get the announcement?
[2016-06-21 03:31:06] jung1 : why not kraken
[2016-06-21 03:31:10] jung1 : yes
[2016-06-21 03:31:17] BitMEX_Wally : `Bitfinex has halted trading on Bitcoin / USD indefinitely. We do not know when trading will resume. The Bitfinex Bitcoin / USD price comprises 50% of the Kaiko BitMEX Index. If trading has not resumed for Bitcoin / USD on Bitfinex by 21 June 2016 04:30 UTC (approximately 1 hour from now), the underlying index for all BitMEX Bitcoin / USD products will become the Bitstamp Bitcoin / USD price. The underlying index affects how positions are valued and when liquidations are triggered. Affected Products XBTUSD XBTM16 XBTU16 Once trading has resumed on Bitfinex, we will notify users when the underlying index will revert back to the Kaiko BitMEX Index.`
[2016-06-21 03:31:48] elmorte : Hope no one's on the margin
[2016-06-21 03:32:07] jung1 : yeah I closed my short at 691
[2016-06-21 03:32:16] jung1 : pretty good trades today
[2016-06-21 03:32:31] asdfman : still short here
[2016-06-21 03:33:25] messiaen8844 : bitmex you are forgetting you have also LTC futures with finex as a source...
[2016-06-21 03:33:27] jung1 : damn
[2016-06-21 03:33:49] messiaen8844 : by the way, what the fuck is market maker doing there? those spreads are insane
[2016-06-21 03:33:52] asdfman : wish it was on XBTM16
[2016-06-21 03:34:02] elmorte : meanwhile alts not giving a fukkk
[2016-06-21 03:34:04] arbitrage001 : wow, what happen
[2016-06-21 03:34:08] jung1 : enough trading for today
[2016-06-21 03:34:15] jung1 : too risky
[2016-06-21 03:34:25] elmorte : jung1: yup
[2016-06-21 03:34:33] elmorte : spot only, pick up some cheap coin
[2016-06-21 03:35:01] jung1 : im thinking of 660
[2016-06-21 03:35:20] asdfman : wtffff
[2016-06-21 03:35:50] asdfman : people did not like that update
[2016-06-21 03:36:49] messiaen8844 : man, what just happened on xbtusd?
[2016-06-21 03:37:36] asdfman : zanetackett 1 point 7 minutes ago We're still working on a solution and talking with our hosting provider. Don't have an eta yet.
[2016-06-21 03:38:26] rogue : messiaen8844: everybody is busy dumping
[2016-06-21 03:39:14] subjective : paused?
[2016-06-21 03:40:17] jung1 : imo its not immpossible to see 4000y before halving
[2016-06-21 03:43:01] mbaril : a lot of roller coster tonight
[2016-06-21 03:43:37] mbaril : Pretty sure we will go back to 700 before going down
[2016-06-21 03:47:26] rogue : anyone has been through a major outage before? how does it usually impact the price? I just secured my short
[2016-06-21 03:48:20] asdfman : how was stamp?
[2016-06-21 03:48:40] messiaen8844 : bitfinex will be up soon
[2016-06-21 03:49:03] subjective : nice prediction when exchanges go back up?
[2016-06-21 03:49:06] TraderStefan : pgp on whalepool teamspeak right now
[2016-06-21 03:49:12] rogue : in 11min, bitfinex is back up
[2016-06-21 03:49:43] TraderStefan : bitfinex orders can be canceled now
[2016-06-21 03:50:59] asdfman : aah should i stay or should i go
[2016-06-21 03:51:57] rogue : Order cancels can be submitted now, but they will not process until 4:00 UTC
[2016-06-21 03:53:02] asdfman : anywhere one can see the book?
[2016-06-21 03:54:24] rogue : u need an account
[2016-06-21 03:54:38] asdfman : ok
[2016-06-21 03:54:42] elmorte : @rapidtrades
[2016-06-21 03:55:05] TraderStefan : bitfinex coming back online in 5 mins
[2016-06-21 03:55:07] aethlios : book not live yet
[2016-06-21 03:55:09] miramm1115 : asdfman: https://www.bitfinex.com/order_book
[2016-06-21 03:56:16] asdfman : ty
[2016-06-21 03:56:29] elmorte : You can not place new orders.
[2016-06-21 03:56:30] mbaril : 710 coin base ?
[2016-06-21 03:56:31] elmorte : wtf....
[2016-06-21 03:57:22] TraderStefan : elmorte: another 3 mins before it goes live
[2016-06-21 03:57:41] elmorte : THanks Stefan but they explicitly wrote that you can place orders...
[2016-06-21 03:57:55] miramm1115 : elmorte: not place, cancel
[2016-06-21 03:58:08] elmorte : That's right, my bad!
[2016-06-21 04:00:40] subjective : I got 1 confirmation but it's not showing in account yet.
[2016-06-21 04:01:17] REKT : Liquidated long on `XBTUSD`: Sell 1000 @ 687.26
[2016-06-21 04:01:22] rogue : the great dump has began
[2016-06-21 04:01:47] REKT : Liquidated long on `XBTUSD`: Sell 2000 @ 686.35
[2016-06-21 04:01:47] REKT : Liquidated long on `XBTUSD`: Sell 49994 @ 686.32 **MEGA-REKT** :boom:
[2016-06-21 04:02:22] mbaril : ME GA REKT :P
[2016-06-21 04:03:27] elmorte : whoa...glad I didn't short pre-finex
[2016-06-21 04:03:49] rogue : elmorte: why?
[2016-06-21 04:04:07] elmorte : I mean immediately prior to
[2016-06-21 04:04:09] 1QaZxSw2 : they gon sell
[2016-06-21 04:04:28] elmorte : I could short not at $8 higher...
[2016-06-21 04:04:31] elmorte : now
[2016-06-21 04:06:11] subjective : MOD: Where can i get help with deposit
[2016-06-21 04:06:59] Moo : WAT
[2016-06-21 04:07:05] asdfman : shorted from 737 to 695 35x
[2016-06-21 04:07:07] mbaril : loll a bot is buying a lot :p
[2016-06-21 04:07:08] asdfman : WAAT
[2016-06-21 04:07:09] Moo : fml
[2016-06-21 04:07:17] BitMEX_Wally : subjective: Hello
[2016-06-21 04:07:20] asdfman : 750?
[2016-06-21 04:07:21] Moo : I was SOOO long and almost busted. sold at 701
[2016-06-21 04:07:35] subjective : BitMEX_Wally: I am still waiting for 2 deposit, both have 2+ confirmations
[2016-06-21 04:08:05] j8 : thats some nice market buys
[2016-06-21 04:08:15] subjective : now, it comes after.. no more cheap BTC
[2016-06-21 04:08:36] Moo : I just missed out on like $5k profit
[2016-06-21 04:08:37] Mike : Sweet, my long just got filled at 730.
[2016-06-21 04:08:39] CaptainDean : LOL my long just got sold at 744
[2016-06-21 04:08:43] Moo : by setting my sell order so low
[2016-06-21 04:08:45] BitMEX_Wally : subjective: My apologies for the delay, we had some stale blockchain data from a 3rd party
[2016-06-21 04:08:53] Mike : Lol ^
[2016-06-21 04:08:58] subjective : deposit was a bit late (like 30s) and missed out on the price action...
[2016-06-21 04:09:01] Mike : Not to Wally, but to CaptainDean
[2016-06-21 04:09:01] CaptainDean : unbeleivable !
[2016-06-21 04:09:11] subjective : BitMEX_Wally: Now, To da moon!
[2016-06-21 04:09:22] 1QaZxSw2 : BitMEX_Wally: stale blockchain? why dont you go directly to the real blockchain
[2016-06-21 04:09:36] BitMEX_Wally : 1QaZxSw2: We do, but we cross-check against 3rd party sources
[2016-06-21 04:09:53] NukeLaloosh : BitMEX_Wally: a negative fee amount for funding and a positive amount for rebalance both mean I got paid?
[2016-06-21 04:10:00] BitMEX_Wally : Because we only require 1 block confirmation rather than 6 we have to be more careful to make sure we are on the longest chain
[2016-06-21 04:10:05] santacruz : wtf was that?
[2016-06-21 04:10:31] BitMEX_Wally : Negative fee amount means you were paid. Negative funding means positive realised PNL, and then positive realised PNL means a positive CashRebalance
[2016-06-21 04:11:20] NukeLaloosh : thanks
[2016-06-21 04:11:33] messiaen8844 : Wally: ping LTCXBT market maker, cmon, what kind of spread is that?
[2016-06-21 04:11:40] rapidtrades : when the f did finex restart
[2016-06-21 04:11:46] messiaen8844 : ridiculous
[2016-06-21 04:12:08] miramm1115 : rapidtrades: 10 min ago
[2016-06-21 04:12:27] mbaril : and we got a super spike of 750 :P
[2016-06-21 04:13:08] rapidtrades : FUCK THEM UP THE ASS
[2016-06-21 04:13:33] santacruz : How fast you calculate Profit adjustment?
[2016-06-21 04:13:41] rapidtrades : who the f&ck goes off for hours then posts 10 fucking mins before coming back on
[2016-06-21 04:13:44] rapidtrades : fu ckign cutns
[2016-06-21 04:13:58] rapidtrades : i hate u alll
[2016-06-21 04:14:37] zanza : rapidtrades: I think you need anger therapy
[2016-06-21 04:15:30] mbaril : zanza: +1
[2016-06-21 04:15:31] mbaril : loll