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<< >> English 中文 Русский 한국어 日本語 Español Français [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 [2016-06-21 04:15:33] elmorte : rapidtrades: i pinged you [2016-06-21 04:16:05] elmorte : 11:54 - elmorte: @rapidtrades [2016-06-21 04:16:15] elmorte : more than enough time to get off your mom's titty :p [2016-06-21 04:16:49] santacruz : BitMEX_Wally: How fast profit adjustment is recalculated? [2016-06-21 04:17:12] 1QaZxSw2 : finex going back offline [2016-06-21 04:17:17] 1QaZxSw2 : sell...sell...sell [2016-06-21 04:17:48] elmorte : 1QaZxSw2: wtf? [2016-06-21 04:18:05] 1QaZxSw2 : ya, but they promise to come back up soon [2016-06-21 04:18:31] elmorte : 1QaZxSw2: lol [2016-06-21 04:18:35] 1QaZxSw2 : honestly no one knows wtf is going on, probably even bitfinex [2016-06-21 04:19:32] 1QaZxSw2 : ok, finex is back [2016-06-21 04:20:24] BitMEX_Sam : santacruz: It is realtime [2016-06-21 04:22:26] REKT : Liquidated short on `XBTUSD`: Buy 400 @ 706.31 [2016-06-21 04:22:35] janos666 : Bitcojn, really? [2016-06-21 04:22:44] QuantFocus : haha [2016-06-21 04:22:51] QuantFocus : i'm sure they were releasing announcement quickly. [2016-06-21 04:22:58] QuantFocus : missed the proofread there. [2016-06-21 04:24:10] BitMEX_Sam : Yeah, apologies, Arthur sent that from his phone and missed the letter. In any case the intention is clear; we will remain on Kaiko which is 50% BFX. [2016-06-21 04:25:21] rapidtrades : finex is still f*cked...i moved some btc from tradong to exchange and now it shows -1 trading +2 exchange [2016-06-21 04:25:47] BitMEX_Sam : I'm hearing reports of intermittent issues but it appears to still be trading decently. [2016-06-21 04:25:55] 1QaZxSw2 : they doubled everyones deposits i think to avoid margin calls [2016-06-21 04:26:07] rapidtrades : lol? [2016-06-21 04:26:14] 1QaZxSw2 : not really sure wahts going on [2016-06-21 04:27:42] rapidtrades : ppl should be required to pass IQ test before trading crypto [2016-06-21 04:27:55] rapidtrades : today was ridiculous [2016-06-21 04:28:01] 1QaZxSw2 : but then there would be no volume? [2016-06-21 04:28:19] mbaril : its not because you didnt made money that other people are stupid @rapidtrades [2016-06-21 04:28:24] miramm1115 : rapidtrades: ppl should be required to know what they are doing before building bitcoin exchanges [2016-06-21 04:29:03] QuantFocus : miramm1115: but then we wouldn't have mtgox [2016-06-21 04:29:17] QuantFocus : and that's just a world i don't want to live in [2016-06-21 04:29:40] QuantFocus : no karpeles frappacino threads on reddit... [2016-06-21 04:29:45] rapidtrades : mbaril: ur the perfect example of why we need such a test [2016-06-21 04:30:00] mbaril : rapidtrades: are you mad bro [2016-06-21 04:38:33] Rado : Do we get even lower from here? [2016-06-21 04:38:52] 1QaZxSw2 : well, theres got to be some proft taking by anyone who called the low [2016-06-21 04:39:10] arbitrage001 : 1QaZxSw2: someone with 20/20 hindsight? [2016-06-21 04:39:39] Rado : Also people that got scared and want out [2016-06-21 04:40:19] 1QaZxSw2 : is it selling or not? [2016-06-21 04:42:13] QuantFocus : well, the funding rate is positive for longs atm [2016-06-21 04:42:21] QuantFocus : so i got that goin for me, which is nice [2016-06-21 04:44:09] Rado : Hopefully you have a stop as well [2016-06-21 04:44:23] huangyong : BitMEX_Sam: 管理员,已成交记录里面,现在有挂单张数和xbt数量,对于部分成交的,能不能显示一下成交了多少 [2016-06-21 04:44:58] Rado : Exactly huangyong [2016-06-21 04:45:11] huangyong : 现在我挂个单子,部分成交了,我都不知道到底成交了多少个币,特别是我之前有仓位的情况,算半天才知道 [2016-06-21 04:45:31] huangyong : Rado: what? [2016-06-21 04:46:14] Rado : Wanted to know if you know English [2016-06-21 04:46:20] Rado : NOw I do [2016-06-21 04:47:21] jung1 : dafaq happen to okc? [2016-06-21 04:48:27] jung1 : finex is ok now? [2016-06-21 04:48:43] huangyong : jung1: yes,is ok [2016-06-21 04:49:15] huangyong : Rado: I can use google translate [2016-06-21 04:49:25] jung1 : what china thinks of finex? @huangyong [2016-06-21 04:50:14] jung1 : finex offcially have 4% global btc volume and couse of them price dropped by 12% [2016-06-21 04:50:33] huangyong : @jung1 is nice,The only problem, the lever is too small [2016-06-21 04:51:14] jung1 : Coinbase planning GDAX maintenance today: 9:00pm - 9:30pm PDT, Tuesday, June 21st https://coinbase.statuspage.io/incidents/33gh2ddq75pq [2016-06-21 04:51:31] 1QaZxSw2 : wtf did they announce it just now? [2016-06-21 04:52:08] huangyong : jung1: The other is the fees are too expensive [2016-06-21 04:52:52] jung1 : yes [2016-06-21 04:54:21] jung1 : ah fuck it [2016-06-21 04:54:23] jung1 : Im going long [2016-06-21 04:55:39] 1QaZxSw2 : dude wait for a pullback. this could sell off [2016-06-21 04:55:52] 1QaZxSw2 : at least scale your poz in [2016-06-21 04:56:14] jung1 : https://bitcoinwisdom.com/markets/huobi/btccny [2016-06-21 04:56:22] jung1 : huobi hit floor 3 times [2016-06-21 04:56:31] j8 : that link is not gonna work :) [2016-06-21 04:56:34] jung1 : finex is up [2016-06-21 04:56:40] jung1 : https://bitcoinwisdom.com/markets/hu obi/btccny [2016-06-21 04:56:57] jung1 : 7am in europe [2016-06-21 04:57:39] jung1 : we can go back to 730-40 [2016-06-21 04:58:12] jung1 : The single smartest thing Bitfinex did (whether on purpose or by happenstance) was to stay down until the other exchanges exhausted all the sell pressure and rebounded. I think that, more than any other factor, is what averted disaster. Everyone (myself included) wanted them to come right back up after they went down the second time, but that would have likely continued the margin call cascade down hundreds of dollars. By waiting until the rest of the market equalized (and higher than their last posted price of $700, to boot), they averted further disaster. We'll be a bit froggish for a while from here on out, but with sell pressure mostly petered out by this point I think we'll manage to stay above $700 moving forward. [2016-06-21 04:59:03] 1QaZxSw2 : well, what if market had stayed down or gone further [2016-06-21 04:59:20] 1QaZxSw2 : then even more people would be f___d and bitfinex would probably shut down [2016-06-21 04:59:29] 1QaZxSw2 : this all worked out but it was mostly luck [2016-06-21 04:59:31] jung1 : worth it [2016-06-21 05:01:16] Johnster : How is the liquidity here guys? What is the spread like? [2016-06-21 05:01:34] jung1 : depends [2016-06-21 05:01:37] jung1 : but cant complain [2016-06-21 05:01:46] Rado : Jung1 correction doesn't end in one day [2016-06-21 05:01:56] jung1 : MM do good job here [2016-06-21 05:01:58] Rado : if you are scalping is ok [2016-06-21 05:01:58] micmix : Johnster: on XBTUSD liquidity is good, you can open 100k+ positions [2016-06-21 05:02:26] Johnster : 100K represents how many BTC? [2016-06-21 05:02:42] micmix : 100,000 US dollars [2016-06-21 05:03:11] Johnster : Oh... you we're talking USD, I thought contracts... [2016-06-21 05:03:30] Rado : Bioth [2016-06-21 05:03:33] micmix : 1 contract is 1 USD [2016-06-21 05:03:43] Johnster : 1 contract = 1 USD ... LOL [2016-06-21 05:04:07] Johnster : Are we on tradingview yet? [2016-06-21 05:04:15] micmix : spread was better when volatility was lower [2016-06-21 05:04:40] Johnster : How did you guys roll through the BFX outage? [2016-06-21 05:05:07] Johnster : Cross margin is 50x again? [2016-06-21 05:06:19] jung1 : yes but contract is perpetual [2016-06-21 05:06:33] jung1 : so you can open now and clos at 2k in 6 month from now [2016-06-21 05:15:58] Rado : June lost all the premium [2016-06-21 05:16:10] Rado : I covered to early [2016-06-21 05:16:21] elmorte : Rado: I didnt short at all :*( [2016-06-21 05:16:37] elmorte : Covered Sept too early though [2016-06-21 05:16:39] Rado : :( [2016-06-21 05:16:47] elmorte : But lucky it covered at all... [2016-06-21 05:17:24] Rado : I was posting about June for a couple of days [2016-06-21 05:17:33] Rado : 800 was too high [2016-06-21 05:18:05] Rado : and there was a bearish divergence [2016-06-21 05:18:13] jung1 : finex could push price up today [2016-06-21 05:18:40] Rado : Nah [2016-06-21 05:18:53] Rado : 720 max [2016-06-21 05:22:56] jung1 : 720-740 [2016-06-21 05:33:05] wurstgelee : wow. that daily chart surely looked great :D :D :D [2016-06-21 05:33:18] wurstgelee : @ rapidtrades ofc [2016-06-21 05:37:14] jung1 : china on way back to 4800 [2016-06-21 05:39:02] elmorte : china depth charts pretty even [2016-06-21 05:43:33] jung1 : or not : / [2016-06-21 05:52:03] elmorte : on the bullish side if anything...am I reading it right? [2016-06-21 05:52:22] elmorte : Okc and Huob! ones [2016-06-21 05:53:16] jung1 : even finex is bullish https://bfxdata.com/sentiment/longshort [2016-06-21 06:16:07] jung1 : elmorte: you are long or still wait? [2016-06-21 06:16:22] elmorte : wait [2016-06-21 06:16:28] elmorte : .... [2016-06-21 06:17:26] elmorte : what in the....we went up to 750 when finex opened??? [2016-06-21 06:18:11] jung1 : someone have fat fingers [2016-06-21 06:18:15] j8 : yes. got some filled at 730 [2016-06-21 06:31:00] j8 : jung1: the stats on longs opened are way off because a lot of people had their loans closed and reopened during the downtime (for some reason) [2016-06-21 06:35:21] jung1 : maybe too soon for recover [2016-06-21 06:45:28] elmorte : my ticker widget just informed me that bitfinex price < 733 :) [2016-06-21 06:47:06] jung1 : 705 [2016-06-21 06:48:03] jung1 : but we already hit strongest support line at 650 [2016-06-21 06:49:54] jung1 : finex 710 [2016-06-21 06:51:08] elmorte : China not moving yet... [2016-06-21 06:51:57] jung1 : 20y [2016-06-21 06:52:04] jung1 : its something [2016-06-21 06:52:11] elmorte : I suppose [2016-06-21 06:52:37] jung1 : finex 714 [2016-06-21 06:53:14] elmorte : What's up with our mark? [2016-06-21 06:54:24] Bacon futures trader : Meanwhile at btce lol .. [2016-06-21 06:55:17] elmorte : Just $30? They've had worse :) [2016-06-21 06:57:09] jung1 : When auction at Australia ends? [2016-06-21 07:06:02] elmorte : 48 hrs [2016-06-21 07:06:18] elmorte : so in about 10 hrs I think [2016-06-21 07:09:01] elmorte : 7hrs more like it [2016-06-21 07:10:21] jung1 : so maybe finex want to win this auction and they try to dump price? [2016-06-21 07:10:40] jung1 : :) [2016-06-21 07:11:34] rapidtrades : btce $684 [2016-06-21 07:17:37] jung1 : even bearstamp 710 [2016-06-21 07:17:49] jung1 : up we go [2016-06-21 07:43:05] rapidtrades : are ppl withdrawing from finex? [2016-06-21 07:43:14] wurstgelee : rapidtrades: how sexy does the daily look now? :p [2016-06-21 07:45:22] REKT : Liquidated long on `ETHXBT`: Sell 15 @ 0.01624 [2016-06-21 07:46:22] rapidtrades : wurstgelee: it looks fine [2016-06-21 07:46:49] wurstgelee : at least u went from great to fine ;) [2016-06-21 07:46:52] wurstgelee : it doesnt tho [2016-06-21 07:46:55] wurstgelee : :D [2016-06-21 07:48:07] rapidtrades : ur right...i see one small red candle and one medium sized red candle....time to PAnIcK [2016-06-21 07:48:21] rapidtrades : SELL EVERYTHING [2016-06-21 07:49:56] rapidtrades : sept still very overpriced [2016-06-21 07:50:28] rapidtrades : spot fell $60 it fell $50 or smth [2016-06-21 07:51:18] elmorte : rapidtrades: thanks for making me short Sept last night....cushioned the blow from the swap a bit [2016-06-21 07:52:07] BigDeadPool : if I go 100x with 1 btc [2016-06-21 07:52:10] elmorte : Wtf June.... [2016-06-21 07:52:16] BigDeadPool : what would be my [2016-06-21 07:52:20] BigDeadPool : liq price ? [2016-06-21 07:52:21] elmorte : It [2016-06-21 07:52:23] elmorte : would [2016-06-21 07:52:32] elmorte : be [2016-06-21 07:52:33] BitMEX_Wally : BigDeadPool: 0.50% away from your entry price [2016-06-21 07:52:37] elmorte : impossible [2016-06-21 07:52:43] BitMEX_Wally : `XBJ24H` has 100x [2016-06-21 07:52:51] elmorte : buzzkill :p [2016-06-21 07:53:16] BigDeadPool : so how much margin is safe ? [2016-06-21 07:53:33] BitMEX_Wally : Bitcoin has moved 8% today [2016-06-21 07:53:37] BitMEX_Wally : So try 10x to start [2016-06-21 07:53:59] BigDeadPool : yup [2016-06-21 07:54:18] BigDeadPool : it is good not be overleveraged [2016-06-21 07:56:04] rapidtrades : should finex rly be trading on par with other exchanges after last night's fiasco [2016-06-21 07:56:23] elmorte : it's all fair in war & crypto [2016-06-21 07:57:05] rapidtrades : it's impossible for them to fix such a major issue in 8 hrs, they will go down again [2016-06-21 07:57:18] elmorte : if it indeed was a major issue... [2016-06-21 07:57:41] rapidtrades : yeah site was out for >8 hrs so yeah major [2016-06-21 07:58:09] elmorte : site can be out for many reasons [2016-06-21 07:58:16] elmorte : not necessarily technical [2016-06-21 08:00:42] rapidtrades : it was technical [2016-06-21 08:01:34] rapidtrades : that balance display bug is still there [2016-06-21 08:02:02] BitMEX_Wally : They said `It's a networking issue within our datacenter` [2016-06-21 08:04:34] elmorte : Y'all know what I'm subtly insinuating :p [2016-06-21 08:06:31] elmorte : Closed my long....this is teetering on disaster... [2016-06-21 08:09:07] rapidtrades : lol [2016-06-21 08:09:41] rapidtrades : 1 red bar and everyone loses their shit [2016-06-21 08:11:07] rapidtrades : hey my tradable balance in finex should be 3x my net balance right [2016-06-21 08:11:22] rapidtrades : like exactly 3x right [2016-06-21 08:13:44] j8 : no [2016-06-21 08:13:58] rapidtrades : how much is it then [2016-06-21 08:14:16] j8 : well it's 30% initial margin so 3.333x for one thing [2016-06-21 08:14:24] rapidtrades : k [2016-06-21 08:15:36] j8 : but i think they do some funny things if you use btc as margin, it seems like less leverage [2016-06-21 08:16:17] rapidtrades : no its the display bug [2016-06-21 08:17:06] rapidtrades : i moved some coins to exchange and it added 2 btc in there while putting me at -1 btc in trading [2016-06-21 08:17:21] j8 : thats another issue [2016-06-21 08:17:58] rapidtrades : it's the same issue....cos the negative btc is whats' lowering my leverage [2016-06-21 08:19:30] j8 : i dunno, everything is messed today. all the margin funding too [2016-06-21 08:20:15] rapidtrades : great...cunts [2016-06-21 08:20:53] j8 : okc is still worse [2016-06-21 08:21:51] rapidtrades : it's a close call tbh [2016-06-21 08:22:13] rapidtrades : one is manipulating the market, at the other u can't trade the mark [2016-06-21 08:22:28] Adura : Bitfinex, more like shitfinex. [2016-06-21 08:22:33] rapidtrades : et....lag still a problem here [2016-06-21 08:23:14] jung1 : why price drop here?ere will be 4900 in moment on huobi th [2016-06-21 08:24:58] j8 : who knows [2016-06-21 08:29:52] REKT : Liquidated short on `XBJ24H`: Buy 1 @ 74637.0 :punch: :whale: [2016-06-21 08:30:08] jung1 : [*] [2016-06-21 08:41:53] jung1 : 4800 [2016-06-21 08:48:09] haxmb : shitfinex agreed [2016-06-21 08:48:39] haxmb : very profitable though [2016-06-21 08:48:58] haxmb : whoever just tried to buy $10 above it [2016-06-21 08:56:31] asdfman : XBTUSD higher than XBTM16 [2016-06-21 09:04:42] BitMEX_Wally : Quanto risk premium :) [2016-06-21 09:11:06] rapidtrades : ffs [2016-06-21 09:11:31] rapidtrades : this site is dumb [2016-06-21 09:13:27] micmix : finex websocket down for my bots [2016-06-21 09:15:10] rapidtrades : yep site down [2016-06-21 09:15:37] rapidtrades : this is a joke [2016-06-21 09:15:46] micmix : connected again but something is not working right [2016-06-21 09:15:52] rapidtrades : this whole space needs to be sued out of existence [2016-06-21 09:17:16] rapidtrades : no trades in 6 mins its f*cked again [2016-06-21 09:17:19] rapidtrades : this is unreal [2016-06-21 09:17:34] rapidtrades : guess i called it earlier but f*ck.... [2016-06-21 09:22:49] Bacon futures trader : We will be taking down the trading engine momentarily. We are doing everything we can to get back up and running. Will continue updating. [2016-06-21 09:22:56] Bacon futures trader : bitfinex down again confirmed [2016-06-21 09:25:27] elmorte : That oughta inspire confidence... [2016-06-21 09:26:57] elmorte : it's OK it was SCHEDULED MAINTENANCE [2016-06-21 09:29:24] Tetsuo : LMAO [2016-06-21 09:30:19] keith : We are not confident in the network stability of our datacenter so we have elected to take trading down for the time being. [2016-06-21 09:30:24] keith : fuck it [2016-06-21 09:30:47] keith : fuuuuuuuuck [2016-06-21 09:31:10] Bora : I'm not familiar with quanto [2016-06-21 09:33:23] BitMEX_Wally : Bora: If you are long quanto and the price rises 10% then you get a 10% return in Bitcoin, but in dollar terms this is a 11% return. This is why the price is higher [2016-06-21 09:35:04] leetsp33ch : the ltcbtc index should be moved to btc-e instead of finex [2016-06-21 09:36:18] rapidtrades : ^^^ [2016-06-21 09:36:35] BitMEX_Wally : leetsp33ch: We will move it to Poloniex if Bitfinex remain down [2016-06-21 09:36:50] keith : stupid finex [2016-06-21 09:36:54] rapidtrades : cunts [2016-06-21 09:37:50] leetsp33ch : poloniex barely has buy support, the price therefore could violently spike down on a 50btc dump [2016-06-21 09:38:40] rapidtrades : i requested pass change 2 days ago so my finex funds are now locked for 5 days [2016-06-21 09:38:42] rapidtrades : fml [2016-06-21 09:38:44] rapidtrades : FML [2016-06-21 09:39:39] rapidtrades : apparently there's no way to disable that...why? cos f*ck u that's why [2016-06-21 09:40:55] leetsp33ch : regarding ltc: why don't u guys take the average of finex/btce/poloniex? one stops trading, the index price remains 'sane' [2016-06-21 09:41:51] BitMEX_Wally : We'd rather use a third party index [2016-06-21 09:52:28] subjective : BitMEX_Wally: Bitmex should create a special market "The Halving" that mature on on halving block number [2016-06-21 10:02:02] elmorte : oooh....interesting [2016-06-21 10:06:35] BitMEX_Wally : leetsp33ch: I am failing `.LTCXBT` over to Poloniex [2016-06-21 10:12:29] leetsp33ch : poloniex has thin books - 100btc to .003 [2016-06-21 10:12:29] leetsp33ch : btc-e has 170btc to 0.007 [2016-06-21 10:13:00] leetsp33ch : polo has lower volume, if someone dumps ltc there all your customers will be screwed :D [2016-06-21 10:13:57] elmorte : BitMEX_Wally: since you work there, wtf is going on at finex? [2016-06-21 10:18:06] Bora : BitMEX_Wally: thanks [2016-06-21 10:20:04] BitMEX_Wally : elmorte: Over at Bitfinex we're having problems communicating with the datacenter team because we don't know the right terminology