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<< >> English 中文 Русский 한국어 日本語 Español Français [2016-06-24 10:29:27] wurstgelee : i really suffer sleep deprivation today, so its entirely possible my brain just doesnt werk ;) [2016-06-24 10:30:02] wurstgelee : lever set to 50x atm, margin is 27x atm with 25% upnl [2016-06-24 10:30:06] wurstgelee : doesnt seem right to me [2016-06-24 10:30:38] BitMEX_Wally : If you have positive unrealised PNL, then that effectively reduces your leverage [2016-06-24 10:30:44] wurstgelee : oh lol [2016-06-24 10:30:47] wurstgelee : it does? [2016-06-24 10:30:57] wurstgelee : did it always do that? [2016-06-24 10:31:25] BitMEX_Wally : 50x is 2%, but if you have profit 1.7% unrealised profit then that margin is in the position, so you have 3.7% margin allocated in total = 27x [2016-06-24 10:31:45] BitMEX_Wally : Skitrx: You were not liquidated at 563 [2016-06-24 10:31:46] Skitrx : BitMEX_Wally: i got liquidated at 53.7 but the chart never reached that? could you explain [2016-06-24 10:31:52] wurstgelee : that makes 100% sense. i blame it on brain malfunction [2016-06-24 10:31:55] wurstgelee : thanks [2016-06-24 10:32:00] Skitrx : 563.73* [2016-06-24 10:32:06] wurstgelee : Skitrx: mark price is important, not the chart [2016-06-24 10:32:21] Skitrx : none of the indexes were that low -.- [2016-06-24 10:32:26] wurstgelee : *for liquidation [2016-06-24 10:32:44] elmorte : Which instrument? [2016-06-24 10:33:12] BitMEX_Wally : Skitrx: Your liquidation trigger price was 653.70 and then the mark price dropped to 653.53 your position was taken over at the bankruptcy price of 650.50 [2016-06-24 10:33:42] wurstgelee : roughly ~7 minutes ago i assume? :) [2016-06-24 10:33:45] Skitrx : which is fine, I was just questioning the mark price [2016-06-24 10:33:55] BitMEX_Wally : You were quoting a mark price $100 below... [2016-06-24 10:34:04] Skitrx : yeah, my mistake [2016-06-24 10:34:48] Skitrx : nvm [2016-06-24 10:35:07] BitMEX_Wally : The raw index price is here: https://www.bitmex.com/app/index/.XBT [2016-06-24 10:55:41] RoftheN : Where can I buy GBP with Bitcoins? [2016-06-24 10:56:43] Skitrx : kraken [2016-06-24 11:00:23] luckynuke : brexit ? :o [2016-06-24 11:00:59] tscha : I wonder why the crypto markets have reacted so little to brexit [2016-06-24 11:02:06] tscha : this is not some random "this is good for bitcoin" headline [2016-06-24 11:03:39] boolander : some marginal buyers of crypto probably just saw his/her life savings evaporate overnight and hasn't allocated any more fiat to crypto's [2016-06-24 11:04:24] wurstgelee : tscha: i expected some bigger reaction as well by now tbh [2016-06-24 11:04:25] wurstgelee : prob needs time [2016-06-24 11:04:25] wurstgelee : =) [2016-06-24 11:06:24] boolander : see what the central bankers conjure up for confidence and see how risk assets react i suppose [2016-06-24 11:06:55] BitMEX_Arthur : It never was about Britain but every other EU country on the fence [2016-06-24 11:07:02] BitMEX_Arthur : Now they have a shining example [2016-06-24 11:07:14] BitMEX_Arthur : And if the government tries any fuckery, it will just make it worse [2016-06-24 11:09:04] asdfman : texans will like it too [2016-06-24 11:09:18] boolander : #texit [2016-06-24 11:09:22] asdfman : lol [2016-06-24 11:18:09] BitMEX_Arthur : Departugal, Italeave, Czechout, Outstria, Finish, Slovakout, Latervia & Byegium [2016-06-24 11:18:12] BitMEX_Arthur : here are some more good ones i heard today [2016-06-24 11:22:04] rapidtrades : guys i ha a rly heard drream [2016-06-24 11:22:23] rapidtrades : the UK actually left the EU [2016-06-24 11:22:39] dorothy490 : once can dream [2016-06-24 11:22:51] rapidtrades : and get this...I made over 1000 pips in few hours after the pound crashed [2016-06-24 11:22:56] rapidtrades : crazy right [2016-06-24 11:23:44] BitMEX_Arthur : rapidtrades: People are still in shock [2016-06-24 11:24:00] BitMEX_Arthur : some traders had a very very bad day today [2016-06-24 11:24:05] SatoshiFX : hopefully not finished yet [2016-06-24 11:24:05] rapidtrades : i have such a bad headache for some reeason right now [2016-06-24 11:27:18] xzsd : im bad today xD [2016-06-24 11:40:47] rapidtrades : ECB's Nowotny: We have hundreds of millions of euros to use [2016-06-24 11:40:59] rapidtrades : I don't think that's gonna be enough lol [2016-06-24 11:41:35] boolander : What we've seen so far is repricing. Next comes momentum. Then contagion from margin calls. Last stage is #panic. Let's see if it gets there - Jim Rickards [2016-06-24 11:41:54] rapidtrades : im sure they can divert theor QE toward buying the Pound or whatev [2016-06-24 11:42:25] boolander : janet, so hot right now. janet. [2016-06-24 11:42:40] rapidtrades : Draghi but ok [2016-06-24 11:44:22] BitMEX_Arthur : Dollar going to be strong [2016-06-24 11:44:30] BitMEX_Arthur : Will cause problems for lots of folkes [2016-06-24 11:44:41] BitMEX_Arthur : esp. the PBOC [2016-06-24 11:45:10] rapidtrades : yeah my stupid broker took me out of my long few hrs before brexit [2016-06-24 11:45:28] rapidtrades : need to send an email about it [2016-06-24 11:46:42] rapidtrades : i think this is a god send for the PBOC [2016-06-24 11:46:55] rapidtrades : 'we dun notin wrongs, it was brexits' [2016-06-24 11:47:32] rapidtrades : excuse of a lifetime...and with markets preoccupied with brexit traders won't freak out like last time [2016-06-24 12:03:03] tscha : Votes by Age 18-24 25% Brexit, 75% Remain 25-49 44% Brexit, 56% Remain 50-64 56% Brexit, 44% Remain 65+ 61% Brexit, 39% Remain [2016-06-24 12:03:10] wurstgelee : ofc [2016-06-24 12:03:26] wurstgelee : those who voted pro brexit have the shortest lifespan left to deal with the consequences [2016-06-24 12:03:29] wurstgelee : ;) [2016-06-24 12:03:40] arbitrage001 : wurstgelee: any reason? [2016-06-24 12:03:53] wurstgelee : british stubbornness i guess [2016-06-24 12:03:55] arbitrage001 : not a european. What is the consequence for brexit? [2016-06-24 12:03:59] Skitrx : racist old people who don't understand politics [2016-06-24 12:04:04] wurstgelee : prob several reasons [2016-06-24 12:04:19] Skitrx : the major consequence would be other EU states voting to leave [2016-06-24 12:04:32] Skitrx : scotland will have a referendum, then northern ireland and the UK will be no more [2016-06-24 12:05:02] arbitrage001 : Skitrx: that is considered a bad thing? [2016-06-24 12:05:21] Skitrx : for the global economy, yes [2016-06-24 12:06:19] haxmb : BitMEX_Arthur: where can you see the funding payments [2016-06-24 12:06:20] Skitrx : we will have to see how the EU handles this, they want it over with asap to remove uncertainty from other member states [2016-06-24 12:06:25] BitMEX_Wally : haxmb: Trade History [2016-06-24 12:06:39] haxmb : BitMEX_Wally: cheers [2016-06-24 12:07:00] BitMEX_Wally : Just a reminder that ETHXBT, LTCXBT, LSKXBT, FCTXBT are now rebalancing every 24 hours, and funding is every 8 hours with a premium index [2016-06-24 12:08:31] arbitrage001 : BitMEX_Wally: is it possible trader here vote to limit leverage? [2016-06-24 12:08:39] arbitrage001 : like the brexit [2016-06-24 12:09:05] BitMEX_Wally : arbitrage001: We're not a democracy :P [2016-06-24 12:09:09] tscha : 22 minutes until NYSE opens [2016-06-24 12:09:50] rapidtrades : itsnt it 1:22 [2016-06-24 12:10:16] tscha : oh yeah sorry [2016-06-24 12:11:22] Yumi : nice over 20K volume daily on swap lately [2016-06-24 12:11:27] tscha : I dream of a world with no time zones, UTC everywhere, no summer/wintertime, no nasty date conversions <3 :) [2016-06-24 12:11:27] rapidtrades : BitMEX_Arthur: so no new 6m quanto? by ur own words u set a limit of 100 BTC which was exceeded for the past few days [2016-06-24 12:12:43] rapidtrades : 18-24 25% Brexit, 75% Remain [2016-06-24 12:12:49] rapidtrades : teeen PoWaR [2016-06-24 12:13:31] rapidtrades : lil morans prolly got brainwashed from early ages with pro-EU propaganda [2016-06-24 12:13:32] BitMEX_Wally : `DAOETH` settled at `0.00713`. Who would have though it? I guessed `0.99` myself when we launched it [2016-06-24 12:13:41] BitMEX_Wally : I mean `0.0099` [2016-06-24 12:13:48] rapidtrades : but the old folks haven't died yet and rememmber the good times [2016-06-24 12:14:05] asdfman : when will new XBT show up? [2016-06-24 12:14:08] asdfman : quarterly [2016-06-24 12:14:19] rapidtrades : also noone will take in a poor-ass scotland [2016-06-24 12:14:58] Yumi : I asked Arthur last night [2016-06-24 12:15:09] Yumi : BitMEX_Arthur : Our thinking right now is to move all quantos to the XBJ series [2016-06-24 12:15:11] Yumi : BitMEX_Arthur : and we are working on allowing you to view the order book and enter orders in USD terms at a fixed USDJPY rate [2016-06-24 12:15:25] rapidtrades : :( [2016-06-24 12:15:57] rapidtrades : guys the last quanto standing is sept now [2016-06-24 12:16:08] macios15 : retest of 4k ? [2016-06-24 12:16:23] wurstgelee : in case i missed it, what about december contracts? [2016-06-24 12:16:27] wurstgelee : coming? [2016-06-24 12:16:30] rapidtrades : nope [2016-06-24 12:16:38] wurstgelee : nope? oO [2016-06-24 12:16:43] asdfman : Why not? [2016-06-24 12:16:51] asdfman : BitMEX_Wally: ? [2016-06-24 12:17:42] rapidtrades : This sucks man...i asked him and he set a very high number of 100 BTC per day...now we've exceeded that and they're gone [2016-06-24 12:18:38] arbitrage001 : rapidtrades: long dated contract is finished without liqudity [2016-06-24 12:18:46] arbitrage001 : with or without being listed [2016-06-24 12:19:11] arbitrage001 : we can still save the short term swap with lower leverage [2016-06-24 12:19:23] arbitrage001 : othwerwise, people will eventually leave anyway [2016-06-24 12:19:40] wurstgelee : a lot of people are here for high leverage [2016-06-24 12:19:48] wurstgelee : so lowering that makes those leave i assume [2016-06-24 12:19:50] wurstgelee : ;) [2016-06-24 12:20:06] arbitrage001 : 10 times leverage is high enough [2016-06-24 12:20:13] wurstgelee : arbitrage001: for u [2016-06-24 12:20:15] wurstgelee : not for me [2016-06-24 12:20:17] wurstgelee : ;) [2016-06-24 12:20:25] boolander : i read on the "internet" that some of these brexiters were tired of supporting a system that was dominated by political power and centrally planned markets/economies and therefore voted to leave. [2016-06-24 12:20:28] arbitrage001 : you didnt get hit by dpe? [2016-06-24 12:20:39] boolander : but, maybe those were the old racists [2016-06-24 12:20:40] wurstgelee : arbitrage001: not that day, i was out [2016-06-24 12:20:45] wurstgelee : lucky me [2016-06-24 12:20:47] rapidtrades : lol [2016-06-24 12:20:53] rapidtrades : guys its ok cos he was out [2016-06-24 12:20:57] arbitrage001 : should leverage stay, you will be hit eventually [2016-06-24 12:21:08] wurstgelee : i got hit by dpe in the past tho [2016-06-24 12:21:16] rapidtrades : everyone has [2016-06-24 12:21:18] BitMEX_Arthur : rapidtrades: I did not say there was a bright line level of 100 XBT [2016-06-24 12:21:20] wurstgelee : i still prefer high lev with DPE tbh [2016-06-24 12:21:28] BitMEX_Arthur : and any level we did specify was qualified by having new market makers [2016-06-24 12:21:36] BitMEX_Arthur : and no one has stepped up [2016-06-24 12:21:46] rapidtrades : fair point [2016-06-24 12:22:04] rapidtrades : maybe i can whip up some code after i learn python this summer [2016-06-24 12:22:17] tscha : rapidtrades: stop talking about it and start doing it [2016-06-24 12:22:21] arbitrage001 : i wont mind being mm if the spread is 500 usd [2016-06-24 12:22:26] arbitrage001 : or higher [2016-06-24 12:22:30] wurstgelee : oh, fct MM woke up again [2016-06-24 12:24:03] BitMEX_Wally : arbitrage001: Spread has to be less than the maintenance margin of 1% with at least 10 XBT of risk on both sides [2016-06-24 12:24:18] BitMEX_Wally : For us to consider the contract liquid enough to exist :) [2016-06-24 12:26:20] rapidtrades : bremainers were all over TV today saying how this vote wasn't really about the EU [2016-06-24 12:26:32] NukeLaloosh : the spread on sept is 17% [2016-06-24 12:26:33] rapidtrades : check ballot, says right there muppets [2016-06-24 12:27:24] rapidtrades : guys the EU's cool, ppl are just too stupid and racist to realize it [2016-06-24 12:27:27] arbitrage001 : rapidtrades: why do you think UK should stay? [2016-06-24 12:27:31] rapidtrades : every leftist ever [2016-06-24 12:28:15] Yumi : Since the guy who was holding half of open interest on sept got liquidated there isn't really much on the books there [2016-06-24 12:29:18] rapidtrades : AKA sleger [2016-06-24 12:29:28] arbitrage001 : rapidtrades: thought the same [2016-06-24 12:29:34] rapidtrades : the ghost of Christmas past [2016-06-24 12:29:34] arbitrage001 : wont blame him leaving [2016-06-24 12:29:43] boolander : bitmex is this trollbox licensed and regulated as an official safe space? do you have a permit? [2016-06-24 12:29:50] arbitrage001 : hot hit by dpe twice same week [2016-06-24 12:29:55] arbitrage001 : go [2016-06-24 12:30:03] arbitrage001 : and rules changing on swap [2016-06-24 12:30:19] boolander : i'm from the government. and i'm here to help [2016-06-24 12:30:20] rapidtrades : yeah if u get caught on the wrong side DPE can be brutal here [2016-06-24 12:30:32] ayy_lmao : boolander: are you a trollbox inspector? [2016-06-24 12:30:41] rapidtrades : u can lietrally lose all ur money with the swings even if right [2016-06-24 12:30:43] boolander : ticket [2016-06-24 12:30:44] rapidtrades : let that sink in [2016-06-24 12:30:45] arbitrage001 : he probably long swap and short long term future [2016-06-24 12:30:54] boolander : typing too fast [2016-06-24 12:30:59] arbitrage001 : capture the price differece [2016-06-24 12:31:06] arbitrage001 : but rules changed [2016-06-24 12:31:17] j8 : well, june is done, i'm all closed out. taking a break for the summer, time to enjoy the sun [2016-06-24 12:31:23] ayy_lmao : nice [2016-06-24 12:31:29] arbitrage001 : j8: have fun [2016-06-24 12:31:29] rapidtrades : j8: booooooooo [2016-06-24 12:31:34] j8 : enjoy the halving guys [2016-06-24 12:31:39] rapidtrades : summers are for quitters [2016-06-24 12:31:49] j8 : today was a good day to end on [2016-06-24 12:31:54] rapidtrades : j8: :) [2016-06-24 12:32:01] asdfman : Naah man stay. lets get busy [2016-06-24 12:32:04] boolander : good luck to you [2016-06-24 12:32:07] asdfman : nah ma stay [2016-06-24 12:32:08] arbitrage001 : j8: uncertanty still high [2016-06-24 12:32:11] boolander : have a great break [2016-06-24 12:32:25] wurstgelee : j8: hf! [2016-06-24 12:32:33] wurstgelee : and cu soon :p [2016-06-24 12:32:38] arbitrage001 : wurstgelee: what size you trade here? [2016-06-24 12:32:57] arbitrage001 : should i worry your margin call will hit me in the nuts? [2016-06-24 12:33:07] wurstgelee : arbitrage001: depends. normally or in irresponsible fomo mode? [2016-06-24 12:33:10] rapidtrades : only 100 pips range in cable past 90 mins...we could be stabilizing finally [2016-06-24 12:33:11] wurstgelee : ;) [2016-06-24 12:33:15] j8 : cheers guys. might be back to itin a couple months [2016-06-24 12:33:39] rapidtrades : j8: bye man, have a good one :) [2016-06-24 12:34:17] wurstgelee : 5 digits @ xbtusd usually [2016-06-24 12:34:22] NukeLaloosh : j8: thanks for so many answers here. have a great summer [2016-06-24 12:34:33] Yumi : I couldn't leave with those markets [2016-06-24 12:34:55] wurstgelee : go on china. you are doing it right [2016-06-24 12:34:56] wurstgelee : oO [2016-06-24 12:36:54] luckynuke : c´mon little china :) [2016-06-24 12:40:07] luckynuke : make bitcoin great again [2016-06-24 12:40:43] elmorte : j8: take care [2016-06-24 12:41:40] ayy_lmao : need to build a buy wall and keep the shorters out [2016-06-24 12:41:45] ayy_lmao : MAKE BITCOIN GREAT AGAIN [2016-06-24 12:43:02] macios15 : make orlando gay again [2016-06-24 12:43:08] ayy_lmao : lol [2016-06-24 12:44:39] wotan : hello when i do a bitcoin perpetual swap can i always close my position or i do need to wait 7 hour then win or lost? [2016-06-24 12:44:52] tscha : j8: cya at the end of the summer mate [2016-06-24 12:44:58] tscha : j8: enjoy [2016-06-24 12:45:24] ayy_lmao : wotan: just do the opposite of your order [2016-06-24 12:45:26] ayy_lmao : to close [2016-06-24 12:46:03] wotan : ayy_lmao: thanks got it [2016-06-24 12:47:09] wotan : love that brexit thing muchpanic on stocks [2016-06-24 12:48:07] arbitrage001 : wotan: saw some companies drop over 20% on the news alone [2016-06-24 12:48:45] wotan : i was awake nearly whole night to watch it live my opinion its only the beginning other countrys will follow [2016-06-24 12:49:00] arbitrage001 : whice country is next? [2016-06-24 12:49:20] arbitrage001 : responsible country or irresponsible one? [2016-06-24 12:49:26] REKT : Liquidated short on `XBTUSD`: Buy 13500 @ 658.84 [2016-06-24 12:50:48] wotan : arbitage netherland could be, scottland could have another vote, even german afd said they want a vote in the future [2016-06-24 12:51:00] wotan : soain italy france could have some votes too [2016-06-24 12:51:23] arbitrage001 : wotan: wasn't germany benefiting from the euro zone? [2016-06-24 12:51:54] wotan : in my opinion we see the collapse of eu and our wolrd finance system in slo motion but when you look back in history its damn fast [2016-06-24 12:52:23] wotan : no one benefit form eu its a desaster union look where it is now [2016-06-24 12:52:33] arbitrage001 : some scholars believe brexit is not possible [2016-06-24 12:52:40] asdfman : lead by soviet comms [2016-06-24 12:52:45] asdfman : led* [2016-06-24 12:52:56] arbitrage001 : many high power figures behind the scene want euro zone intact [2016-06-24 12:53:10] luckynuke : h&s on huobi [2016-06-24 12:53:21] ayy_lmao : what time frame [2016-06-24 12:53:27] wotan : yes we will see [2016-06-24 12:55:00] luckynuke : ayy_lmao: 3h [2016-06-24 12:56:06] ayy_lmao : u on tradingview? [2016-06-24 12:56:18] ayy_lmao : thats an unconventional time on most bitcoin charts [2016-06-24 12:56:24] wotan : hope you guys bought physical gold and silver last weeks:) [2016-06-24 12:58:13] arbitrage001 : wotan: should the financial and economic system implode, gun will be more useful ? [2016-06-24 12:58:33] luckynuke : arbitrage001: lo [2016-06-24 12:58:45] luckynuke : ayy_lmao: i signed up on tradingview yesterday [2016-06-24 12:59:02] wotan : both would be better, but i cant buy me a gun so i have to buy mainly silver [2016-06-24 13:04:26] jol15925 : my withdrawal hasnt been released yet [2016-06-24 13:04:35] ayy_lmao : it will take 20 minutes [2016-06-24 13:04:42] ayy_lmao : they just started [2016-06-24 13:04:45] jung1 : morning [2016-06-24 13:04:45] jol15925 : oh ok [2016-06-24 13:04:48] ayy_lmao : they have to do it manually [2016-06-24 13:04:52] jol15925 : damn lol [2016-06-24 13:05:19] jung1 : any suany suicide so far couse of brexit? [2016-06-24 13:05:46] arbitrage001 : suany? [2016-06-24 13:05:51] elmorte : jol15925: [2016-06-24 13:06:14] jol15925 : ? [2016-06-24 13:06:16] luckynuke : jung1: obama killd himself [2016-06-24 13:06:17] arbitrage001 : elmorte: hey, rm was 3.96 before brexit, 4.11 after [2016-06-24 13:06:19] elmorte : jung1: it's 3 pm you infidel :p [2016-06-24 13:06:42] arbitrage001 : 3% drop [2016-06-24 13:06:48] elmorte : jol15925: sorry buddy, first time on iOS [2016-06-24 13:06:51] luckynuke : elmorte: where are you from ? [2016-06-24 13:07:50] elmorte : and last time on iOS it seems [2016-06-24 13:09:27] elmorte : luckynuke: far away bud [2016-06-24 13:09:42] elmorte : arbitrage001: damnit... [2016-06-24 13:10:46] elmorte : Didn't realize it went below 3.96 recently [2016-06-24 13:10:56] elmorte : Below 4 rather [2016-06-24 13:12:31] jung1 : Marine Le Pen want to same referendum in france [2016-06-24 13:12:33] jung1 : so it begins [2016-06-24 13:13:06] arbitrage001 : i dont think france will exit [2016-06-24 13:13:52] arbitrage001 : the union was started by Germany and france [2016-06-24 13:14:02] arbitrage001 : to prevent war [2016-06-24 13:14:08] jung1 : imo uk will also stay but on different rules [2016-06-24 13:14:15] arbitrage001 : and german beats their ass every time [2016-06-24 13:14:49] rapidtrades : uk is out bro, done deal [2016-06-24 13:15:02] arbitrage001 : exiting means france is bending down and have their butt ready to be kick [2016-06-24 13:15:20] jung1 : haha even scotland want to referendum couse of their independence [2016-06-24 13:15:36] jung1 : domino effect [2016-06-24 13:17:46] jung1 : wtf http://www.telegraph.co.uk/news/2016/06/24/david-cameron-announces-his-resignation---full-statement/ [2016-06-24 13:18:34] rapidtrades : yea so? why wtf [2016-06-24 13:20:07] jung1 : he started all that immigrants shitstorm and when whe have to take consequences for it he leave [2016-06-24 13:20:25] jung1 : avarage english politician [2016-06-24 13:20:44] rapidtrades : i mean giving up power is a pretty big consequence [2016-06-24 13:20:58] rapidtrades : he lost his job basically [2016-06-24 13:21:44] jung1 : he know that this cant be good for uk [2016-06-24 13:21:52] jung1 : so he want to keep his face [2016-06-24 13:22:06] rapidtrades : he *thinks* it cant be good [2016-06-24 13:22:16] boolander : this IS good for UK [2016-06-24 13:22:27] rapidtrades : eventually yes [2016-06-24 13:22:28] boolander : less government = more freedom [2016-06-24 13:22:32] rapidtrades : in 1-2 yrs [2016-06-24 13:22:37] boolander : more freedom = more prosperity [2016-06-24 13:22:39] jung1 : https://coin.dance/volume/localbitcoins/GBP imo there will be ath on next update [2016-06-24 13:22:49] boolander : humans acting in their own self interests is good [2016-06-24 13:22:54] arbitrage001 : boolander: freedom is meaningless without security [2016-06-24 13:22:57] boolander : greed is good [2016-06-24 13:23:14] boolander : guns are a great equaliser [2016-06-24 13:23:53] rapidtrades : so is voting apparently [2016-06-24 13:24:48] rapidtrades : anyone trading FX or sotcks? thoughts? [2016-06-24 13:24:58] jung1 : yeah but for countries like poland is really bad information [2016-06-24 13:25:04] boolander : trade them rapidly [2016-06-24 13:25:32] jung1 : countries like germany and france will be even stronger [2016-06-24 13:25:52] boolander : long bond (TLT) on pullbacks and +utilities vs -fins at right spots and some +gold related stuff [2016-06-24 13:25:59] rapidtrades : jung1: agree with that [2016-06-24 13:26:05] rapidtrades : time for polixt [2016-06-24 13:26:11] rapidtrades : polexit [2016-06-24 13:27:51] jung1 : will be even worst. Most of income are from foreign companies and export. We are winnig couse 1euro is 4pln so we can do same as in europe but 4 times cheaper [2016-06-24 13:28:32] jung1 : lets wait couple of years unntil Poland will have a border with Chine somewhere on Ural [2016-06-24 13:28:33] wotan : i hope for germexit [2016-06-24 13:28:38] jung1 : then we can leave [2016-06-24 13:28:53] jung1 : wotan: eu i basicly germany [2016-06-24 13:29:28] wotan : i like poland strong counbtry, german here who thinks poland hungary etc. do it much better [2016-06-24 13:29:53] boolander : wonder how hedge fund hotel stocks gonna do [2016-06-24 13:29:55] wotan : germany is getting more and more sick every day [2016-06-24 13:29:58] rapidtrades : germexit sounds like an exorcism [2016-06-24 13:30:16] wotan : haha rapidtrades it sounds really strange [2016-06-24 13:34:32] jung1 : cmon guys dump some contracts [2016-06-24 13:34:52] rapidtrades : y? [2016-06-24 13:35:54] rapidtrades : in retrospect im like...man if i traded 10x i would've made so much money [2016-06-24 13:36:08] rapidtrades : im a coward at heart tho :) [2016-06-24 13:37:50] boolander : bs [2016-06-24 13:38:01] boolander : gbp 1000pipppper [2016-06-24 13:38:03] jung1 : couse I want to go long [2016-06-24 13:38:16] rapidtrades : boolander: :) [2016-06-24 13:39:29] jung1 : https://www.change.org/p/sadiq-khan-declare-london-independent-from-the-uk-and-apply-to-join-the-eu [2016-06-24 13:39:45] boolander : it is a corporation already [2016-06-24 13:39:48] boolander : DC [2016-06-24 13:39:49] boolander : ROME [2016-06-24 13:39:52] boolander : LONDON [2016-06-24 13:40:00] boolander : corporations [2016-06-24 13:40:25] rapidtrades : so uk banks were down over 30% today [2016-06-24 13:40:36] rapidtrades : crazy....when ppl domo [2016-06-24 13:40:41] laisee : LONDAON [2016-06-24 13:42:04] rapidtrades : ehre we f goo..sp500 already 50% rectraced [2016-06-24 13:42:19] rapidtrades : idiots gonna realize brexit dun matter soon [2016-06-24 13:42:38] rapidtrades : for the USA anywya [2016-06-24 13:42:57] jung1 : keep an eye on china [2016-06-24 13:43:28] jung1 : they want to invest bilions dollars in countries like poland czech, slovakia [2016-06-24 13:44:03] wotan : i think the consequences will be seen in the next weeks and months [2016-06-24 13:44:59] rapidtrades : uk and EU will be hit hard for sure...rest of the globe, not so much [2016-06-24 13:45:13] asdfman : boolander: indeeed [2016-06-24 13:45:18] laisee : once boat people start arriving in Calais ... [2016-06-24 13:45:50] vbmithr : they will finally go to UK :) [2016-06-24 13:46:00] vbmithr : They want to go there, no reason to prevent them after all [2016-06-24 13:46:07] wotan : rapidtrades world is connectet too much, if theres panic in europe it will affect whole world [2016-06-24 13:46:12] jung1 : laisee: now from other side [2016-06-24 13:46:29] rapidtrades : wotan: right but thats my point...it is panic.... [2016-06-24 13:46:40] rapidtrades : take US for example, it barely trades with rest of teh words [2016-06-24 13:46:49] jung1 : question is: will we keep 4300? [2016-06-24 13:46:56] rapidtrades : Brexit is just a stratch [2016-06-24 13:47:01] wotan : yes but the reason is not brexit the reason is lost trust and our money system at all [2016-06-24 13:47:02] laisee : jung1: english channel will require traffic lights for all the incoming/outgoing flows [2016-06-24 13:47:25] rapidtrades : kekke [2016-06-24 13:47:44] boolander : i sent a fax earlier to janet@theFed about her outlook & forecast for the economy in the wake of brexit. am still waiting for a reply [2016-06-24 13:49:08] rapidtrades : :) [2016-06-24 13:49:17] laisee : boolander: try facebook msg [2016-06-24 13:49:41] tscha : US stock market too stable... I don't like [2016-06-24 13:49:47] boolander : tinder [2016-06-24 13:49:59] laisee : USExit [2016-06-24 13:50:27] laisee : or the more popular ... u-sexit [2016-06-24 13:51:24] leetsp33ch : did u guys delist the dao/eth pair? [2016-06-24 13:51:50] BitMEX_Wally : leetsp33ch: It expired [2016-06-24 13:51:52] BitMEX_Wally : https://www.bitmex.com/app/contract/DAOETH [2016-06-24 13:52:14] BitMEX_Wally : We planned to list DAOXBT as a perpetual swap after it expired, but those plans where slocked [2016-06-24 13:52:26] rapidtrades : but why wally [2016-06-24 13:52:36] BitMEX_Wally : DAO was DOA [2016-06-24 13:52:44] rapidtrades : keke [2016-06-24 13:53:19] boolander : zoiks [2016-06-24 13:54:08] rapidtrades : where can i go to drink some bremain tears? [2016-06-24 13:54:25] boolander : londres [2016-06-24 13:54:38] BitMEX_Wally : French are more Eurosceptic than the British [2016-06-24 13:54:49] BitMEX_Wally : If the French had a referendum it would be 67% for Frexit [2016-06-24 13:55:18] boolander : zee french are striking en masse cuz need more wage make for good time [2016-06-24 13:56:00] rapidtrades : http://www.zerohedge.com/news/2016-06-24/central-bankers-around-globle-scramble-defend-markets-boe-pledges-345bn-ecb-others-p [2016-06-24 13:56:22] laisee : but where would the froggies go? [2016-06-24 13:56:49] boolander : hk [2016-06-24 13:57:00] laisee : Lantau [2016-06-24 13:57:02] rapidtrades : only the USD/CNH not retracing...the PBOC is not gonna give up these gains easily :) [2016-06-24 13:59:42] laisee : Maybe Russia can replace UK in the EC. [2016-06-24 14:01:02] rapidtrades : lol [2016-06-24 14:01:39] luckynuke : laisee: i hope. Would be a win win situation [2016-06-24 14:01:48] rapidtrades : the easy money looks to be ovre in cable....lots of CHOP CHOP [2016-06-24 14:01:59] rapidtrades : mm dream right now [2016-06-24 14:02:05] rapidtrades : huge spreads + chop [2016-06-24 14:03:03] laisee : luckynuke: russian ladies invading europe and cheap vodka .... win win [2016-06-24 14:04:16] jung1 : rapidtrades: polish exti will be Polend [2016-06-24 14:04:46] jung1 : an Austria la vista [2016-06-24 14:04:48] jung1 : hehe [2016-06-24 14:06:01] boolander : meme box [2016-06-24 14:06:15] boolander : it's ok, this is a fully licensed and regulated troll box. meme away [2016-06-24 14:09:31] rapidtrades : watch ur hands ppl [2016-06-24 14:09:40] rapidtrades : they'e gonna get chopped off [2016-06-24 14:11:15] asdfman : Livet2015 [2016-06-24 14:11:32] asdfman : aha. screen was not locked :P [2016-06-24 14:11:35] asdfman : kkkkk [2016-06-24 14:11:51] rapidtrades : i wonder what sleger is doing on this holiest of days, the day of Brexit [2016-06-24 14:12:57] rapidtrades : pound retraced to 1.38 [2016-06-24 14:13:11] rapidtrades : prolly not a bad sell at 1.40...with rly wide stop tho [2016-06-24 14:13:47] bobo : Where can I find information about the Funding Base Index? I'm looking in the SwapGuide, but it does not give me any info at all. [2016-06-24 14:14:05] bobo : It only sys: he Funding Base Index is a third party source where BitMEX obtains the base currency funding rate. [2016-06-24 14:14:27] tscha : rapidtrades: you really think you can outperform popular pairs on forex markets sitting on your couch at home? [2016-06-24 14:15:19] BitMEX_Sam : bobo: That changes depending on the contract [2016-06-24 14:15:24] rapidtrades : tscha: yes [2016-06-24 14:15:26] BitMEX_Sam : See https://www.bitmex.com/app/contract/XBTUSD, specifically `Funding Base Symbol` [2016-06-24 14:16:41] rapidtrades : u know why? cos in the olden days they used to filter traders for skill [2016-06-24 14:16:47] rapidtrades : now they do it for compliance [2016-06-24 14:17:00] bobo : BitMEX_Sam: I don't see anything about Funding Base Index on that page. [2016-06-24 14:17:08] BitMEX_Sam : Funding Base Symbol [2016-06-24 14:17:13] BitMEX_Sam : Click it - that's the index [2016-06-24 14:17:17] rapidtrades : does he have an MBA, or a programming degree or physics PHD [2016-06-24 14:17:35] rapidtrades : then brexit happens and they lose their shit [2016-06-24 14:18:35] bobo : BitMEX_Sam: thanks.. still figuring out how you calculte the index.. hehe [2016-06-24 14:18:54] BitMEX_Sam : `The BitMEX .XBTBON8H Index is a 8-hour TWAP of the Bitcoin lending rate at Bitfinex ending at 12:00 UTC from the .XBTBON Index.` [2016-06-24 14:18:56] bobo : it feels not correct.. we are trading above the index, but still get negative % [2016-06-24 14:19:06] BitMEX_Sam : There are two parts to the funding rate [2016-06-24 14:19:12] tscha : forex markets are too efficient, information gets incorporated into prices too quickly. look at BTCEUR this night, was way way easier to make money there than on USDEUR [2016-06-24 14:19:15] BitMEX_Sam : One is the BFX lending rate, the other is observed trading premium or discount [2016-06-24 14:19:26] BitMEX_Sam : See https://www.bitmex.com/app/swapsGuide#premium-index [2016-06-24 14:19:32] tscha : I'd never go the direct/liquid way when there is an ineffiecient/illiquid/indirect way [2016-06-24 14:19:33] rapidtrades : tscha: tell that to the GBP pairs last night [2016-06-24 14:19:35] bobo : BitMEX_Sam: What has the BFX lending rate to do with Bitmex? [2016-06-24 14:19:57] BitMEX_Sam : It's the best available source for what a daily lending rate should be for margin trading [2016-06-24 14:19:57] tscha : well, GBP is hard to trade on BTC because the volume is so incredibly low, even for private users like us [2016-06-24 14:20:13] BitMEX_Sam : It's necessary to keep the swap price anchored at spot since technically the value of a future that never expires is Infinity [2016-06-24 14:20:16] rapidtrades : meant gbp/usd ror gbp/jpy [2016-06-24 14:20:30] BitMEX_Wally : For XBTUSD and ETHXBT the premium index is now the dominant source for the funding rate [2016-06-24 14:21:15] bobo : BitMEX_Sam: I undestand that otherwise the price can go to infinite... but I don't undersant why the lending rate of bfx is needed to keep the swap price anchoreed [2016-06-24 14:21:16] tscha : yes, but betting on a brexit this night, BTCEUR markets were a much better choice than forex, since the latter incorporated every poll announcement in a matter of seconds [2016-06-24 14:21:43] BitMEX_Wally : bobo: We are using Bitfinex lending rates as a proxy for the Bitcoin overnight rate [2016-06-24 14:22:01] bobo : ok [2016-06-24 14:22:12] BitMEX_Wally : But we have higher leverage than Bitfinex, so those rates were not high enough to entice market makers to short [2016-06-24 14:22:20] BitMEX_Wally : So we introduced the `.XBTUSDPI` premium index [2016-06-24 14:22:30] bobo : yes I know you changed this and that.. [2016-06-24 14:22:34] rapidtrades : tscha: dude....i traded last night and made a good deal of money [2016-06-24 14:22:49] bobo : but in theory it's possible that even though we are trading above spot, we always have negative interest rates.. correct? [2016-06-24 14:23:12] BitMEX_Wally : The impact bid price is not above spot at the moment [2016-06-24 14:23:24] rapidtrades : like i said before, not sure if BTC spike will stick...there's no reason why it should [2016-06-24 14:23:42] rapidtrades : im only long cos we're going up [2016-06-24 14:23:42] asdfman : reason in markets? [2016-06-24 14:23:45] asdfman : aaakkakaka [2016-06-24 14:23:55] bobo : BitMEX_Wally: no? BID 660, ASK 661, sport 659,31 [2016-06-24 14:24:01] rapidtrades : exactly...thats' why i haven't dumped my long [2016-06-24 14:24:23] jung1 : huobi going for 4400 [2016-06-24 14:24:41] REKT : Liquidated short on `XBTUSD`: Buy 12000 @ 667.40 [2016-06-24 14:24:56] REKT : Liquidated short on `XBTUSD`: Buy 3500 @ 667.57 [2016-06-24 14:25:14] bobo : I would say at that time avg is 660,5, so premium is 1 - 660.5/659,31 = 0,0018049173 is 0,18% [2016-06-24 14:25:17] tscha : moon [2016-06-24 14:25:50] wurstgelee : ! [2016-06-24 14:26:08] BitMEX_Wally : `(impactBidPrice-fairPrice)/indicativeSettlePrice` needs to be above the current funding rate (-0.-0763%) for the funding premium to be recorded as positive [2016-06-24 14:26:54] bobo : I know you calculate it that way.. But I would say it's not correct. It's also not clear for people here. I would guess 98% trading here doesn't understand.. [2016-06-24 14:27:23] jung1 : 4400 ! [2016-06-24 14:27:35] jung1 : damn Im good [2016-06-24 14:28:05] BitMEX_Wally : bobo: The last few prints have been positive: https://www.bitmex.com/app/index/.XBTUSDPI [2016-06-24 14:28:08] bobo : Well... have to think about it more.. [2016-06-24 14:28:38] BitMEX_Wally : It is calculated this way because the current fundingRate is already priced in [2016-06-24 14:28:44] tscha : BTC theme today: https://www.youtube.com/watch?v=-LXl4y6D-QI [2016-06-24 14:28:48] bobo : BitMEX_Wally: yes, now we are trading WAY above the index [2016-06-24 14:28:54] BitMEX_Wally : We cannot ignore it, otherwise we get a feedback loop [2016-06-24 14:28:57] bobo : well, a minute ago [2016-06-24 14:29:15] wurstgelee : closed my long for now [2016-06-24 14:29:23] wurstgelee : time to relax, its weekend [2016-06-24 14:29:25] wurstgelee : =) [2016-06-24 14:29:28] BitMEX_Wally : 0.316% above the fair value plus the -0.0763% funding rate gives 0.240% [2016-06-24 14:29:52] BitMEX_Wally : The `.XBTUSDPI` is recorded as a premium above spot but it is measured as the premium above fair value, and then the funding rate used to calculate that fair value is added on [2016-06-24 14:30:36] bobo : I don't see tjhe feedback loop happening.. but i will study it more.. [2016-06-24 14:30:42] bobo : thanks for taking the time to explain :) [2016-06-24 14:31:22] BitMEX_Wally : No problem, email wally@bitmex.com if you have any questions [2016-06-24 14:31:59] bobo : BitMEX_Wally: thanks, maybe i will.. :) [2016-06-24 14:34:00] dylanm78 : Hi all. This may have been answered elsewhere already but are there any plans for an official bitmex app (iphone or android)? [2016-06-24 14:34:22] BitMEX_Sam : dylanm78: Not at this time. [2016-06-24 14:34:32] BitMEX_Sam : I do plan to make the site perform better on the phone in the near-term. [2016-06-24 14:35:08] Rado : BitMEX_Sam: mobile web is better than native app in my opinion [2016-06-24 14:35:19] jung1 : BitMEX_Sam: yeah or some app [2016-06-24 14:35:23] BitMEX_Sam : If it works well, it is - at least it's far easier to maintain and keep consistent [2016-06-24 14:35:39] jung1 : like tabtrader [2016-06-24 14:35:45] BitMEX_Sam : I plan to integrate something like http://voronianski.github.io/react-swipe/demo/ [2016-06-24 14:35:54] BitMEX_Sam : We are also working on integrations with apps like tabtrader [2016-06-24 14:36:03] rapidtrades : BitMEX_Sam: any ETA on mt4? could it happen this year? [2016-06-24 14:36:17] BitMEX_Sam : I would bet that it is not likely this year [2016-06-24 14:36:28] Rado : what is mt4 rapidtrades? [2016-06-24 14:36:36] jung1 : meta trader 4 [2016-06-24 14:36:45] jung1 : trading platform for forex [2016-06-24 14:37:04] RoftheN : Where can I buy GBP with bitcoins? [2016-06-24 14:37:19] Rado : lol RoftheN [2016-06-24 14:37:25] jung1 : kraken, safello [2016-06-24 14:37:33] RoftheN : oh Kraken, I have that. thanks [2016-06-24 14:37:35] Rado : don't sell your BTC man [2016-06-24 14:37:35] jung1 : localbitcoins [2016-06-24 14:37:51] luckynuke : omg... 10min afk and breakout [2016-06-24 14:37:53] luckynuke : wtf [2016-06-24 14:38:08] rapidtrades : that's why u never leave ur post nuke [2016-06-24 14:38:08] Rado : so no December contract? [2016-06-24 14:38:13] rapidtrades : no :( [2016-06-24 14:38:34] Mm bot : luckynuke: why 10mins? [2016-06-24 14:38:39] dylanm78 : BitMEX_Sam: thanks. To be perfectly honest I prefer Bitmex but currently trading much more volume through OKCoin just because I can quickly use it at work. [2016-06-24 14:38:45] Rado : I read the email where the XBJ will have quanto and you can USD to buy [2016-06-24 14:38:50] Rado : don't get it exactly [2016-06-24 14:38:51] BitMEX_Sam : Yeah understood dylanm78. [2016-06-24 14:39:03] BitMEX_Sam : Rado: We'll be adding a display mode that will show the XBJ series in USD [2016-06-24 14:39:11] BitMEX_Sam : So it will trade essentially like XBT24H did. [2016-06-24 14:39:21] rapidtrades : except in yen... [2016-06-24 14:39:32] rapidtrades : which is not the default currency for most traders [2016-06-24 14:39:33] BitMEX_Sam : Yes, but using a daily conversion rate. Since it's a daily contract it will work well [2016-06-24 14:39:41] rapidtrades : ok let's see [2016-06-24 14:39:45] Rado : BitMEX_Sam: but we need a couple of different contracts that are long term [2016-06-24 14:39:48] Rado : not swap or 24H