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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[2016-06-27 06:11:34] fineregex : 1broker has oil at least but pretty expensive, (much more than storage costs) Yet for precious metals like Nickel costs are lower so there should be something, yet i saw few on the stock market, low leverage only but high fees
[2016-06-27 06:15:53] hey : fineregex: maybe give p500 a go for fiat cfds
[2016-06-27 06:17:33] fineregex : i was about Nickel and other commodities
[2016-06-27 06:20:41] hey : hmm i thought they had those as well, but apparently not
[2016-06-27 06:26:16] REKT : Liquidated short on `XBJ24H`: Buy 900 @ 66316.0
[2016-06-27 06:26:17] REKT : Liquidated short on `XBJ24H`: Buy 330 @ 66267.0
[2016-06-27 06:27:42] fineregex : hey: thanks, looks like bitmex is high on bitcoin?
[2016-06-27 06:28:39] boolander : yeah. some clown keeps bidding up the premium
[2016-06-27 06:30:17] fineregex : buy-only-market
[2016-06-27 06:33:19] fineregex : pro.btcc.com
[2016-06-27 06:40:30] fineregex : does this happen here often?
[2016-06-27 06:41:28] boolander : what?
[2016-06-27 06:43:01] fineregex : <1% difference to bitcoin average
[2016-06-27 06:43:07] Tetsuo : that´s even low
[2016-06-27 06:43:23] fineregex : sorry >1% i mean
[2016-06-27 06:43:30] Tetsuo : could easily go up to 3-5%
[2016-06-27 06:43:41] fineregex : but not down?
[2016-06-27 06:44:03] fineregex : :D
[2016-06-27 06:44:30] Tetsuo : also but mostly its up
[2016-06-27 06:47:31] fineregex : so now that my 123 order is up for a while and just 1 usd filled
[2016-06-27 06:47:51] fineregex : i assume there is consensus among the 120 people online that it will rise?
[2016-06-27 06:49:30] fineregex : or people tend to do bordom/mini pump/pyramids?
[2016-06-27 07:05:38] odieoh : I like to look for the hexagon pattern
[2016-06-27 07:08:13] wurstgelee : wtf? login captcha? oO
[2016-06-27 07:09:31] Stefanowic : I think too it's on the rise when the markets open all over
[2016-06-27 07:10:40] Tetsuo : wurstgelee: bitmex hacked and robbed?
[2016-06-27 07:11:46] fineregex : you like my 44 spam?
[2016-06-27 07:11:48] wurstgelee : Tetsuo: my guess would be some kind of brute force attack on user/pw combinatons
[2016-06-27 07:12:02] Tetsuo : uuuuh, i wouldn´t like that
[2016-06-27 07:12:09] wurstgelee : shoudlnt be a problem with 2fa
[2016-06-27 07:12:15] Tetsuo : ...
[2016-06-27 07:12:23] wurstgelee : u have 2fa, right? =)
[2016-06-27 07:12:31] Tetsuo : any minute now
[2016-06-27 07:12:40] fineregex : i will get a longer password
[2016-06-27 07:12:41] wurstgelee : or at least a unique pw for this site...
[2016-06-27 07:12:51] fineregex : wurstgelee: always a good point
[2016-06-27 07:12:57] Tetsuo : yes, but i´m gettin 2 fa now too, you scared me a bit
[2016-06-27 07:12:59] wurstgelee : if u use btctalkpw or similar here and dont have 2fa... good bye :)
[2016-06-27 07:13:18] wurstgelee : 2fa is a must-have. easy and secure
[2016-06-27 07:13:39] wurstgelee : undless username, pw AND your unlocked, unsecured phone get stolen by the same guy
[2016-06-27 07:13:43] wurstgelee : which is kind of unlikely ;)
[2016-06-27 07:14:19] Tetsuo : i have it on all the other trading sites, but i tihnk i can remember that i had to reenter 2fa every 5 minutes or so when i used it on my phone
[2016-06-27 07:14:24] Tetsuo : on bitmex
[2016-06-27 07:20:11] Tetsuo : 800 buywall on finex
[2016-06-27 07:31:12] subjective : break up in 20mins, strap in guys
[2016-06-27 07:32:21] wurstgelee : fully strapped in ~ 1h ago
[2016-06-27 07:32:49] wurstgelee : Tetsuo: u dont have to reenter 2fa here - only for withdrawals. which makes sense
[2016-06-27 07:33:36] Tetsuo : it was like that on the phone 6-8 months ago, i swear on my dead donkey
[2016-06-27 07:34:08] wurstgelee : 8)
[2016-06-27 07:34:13] wurstgelee : hunting coffee, brb
[2016-06-27 07:37:04] subjective : predict break up or down here ?
[2016-06-27 07:39:30] men : up
[2016-06-27 07:40:57] BitMEX_Wally : The login captcha only appears if you get a password wrong on login
[2016-06-27 07:41:04] BitMEX_Wally : It's to prevent people brute forcing passwords
[2016-06-27 07:41:43] BitMEX_Wally : 2FA is required when logging in, making withdrawals, or creating API keys etc.
[2016-06-27 07:44:45] subjective : men: Panic buy in 3, 2, 1.....
[2016-06-27 07:45:27] men : subjective: yeah ahahah :D
[2016-06-27 07:45:40] men : xD
[2016-06-27 07:46:11] wurstgelee : weeee :D
[2016-06-27 07:46:26] justinlooking : wtf 123
[2016-06-27 07:46:38] subjective : justinlooking: count down :)
[2016-06-27 07:48:58] wurstgelee : lol
[2016-06-27 07:49:00] wurstgelee : nice fomo buys
[2016-06-27 07:49:01] subjective : panic bought
[2016-06-27 07:49:20] wurstgelee : bought some off me
[2016-06-27 07:49:22] wurstgelee : thank you
[2016-06-27 07:49:30] subjective : would've sour if this is a fake out.. Same here, thanks for doing biz
[2016-06-27 07:49:38] wurstgelee : :D
[2016-06-27 07:50:44] wurstgelee : especially if u can rebuy those $1 lower few seconds later
[2016-06-27 07:50:45] macios15 : soo now we can crash lol
[2016-06-27 07:50:53] wurstgelee : $11 ofc
[2016-06-27 07:51:15] boolander : fanks for the lift-out
[2016-06-27 07:54:30] subjective : wurstgelee: panic sold, panic buy, waiting for whale to battle it out for confirmation..
[2016-06-27 07:54:40] wurstgelee : =)
[2016-06-27 07:54:50] macios15 : buy buy buy!
[2016-06-27 07:54:54] macios15 : sell sell sell!
[2016-06-27 07:55:08] men : lol
[2016-06-27 07:55:13] wurstgelee : lol indeed
[2016-06-27 07:56:07] wurstgelee : time to switch to panic buys again please
[2016-06-27 07:56:56] subjective : 5 mins for buy vs sell side to fight it out.. time to make a tea
[2016-06-27 07:57:32] subjective : if bull win then shorts are going to be very said..
[2016-06-27 07:58:16] subjective : I am out :)
[2016-06-27 08:02:56] subjective : get back in when until they fight it out..
[2016-06-27 08:05:08] Tetsuo : buy in now, look back in 6-8 weeks at the top of the new ATH, hooray for BTC
[2016-06-27 08:08:18] wurstgelee : time for panic buys again. go on, dont hold back. ;)
[2016-06-27 08:09:21] wurstgelee : k, a little 2 early
[2016-06-27 08:17:50] subjective : down we go :(
[2016-06-27 08:18:42] macios15 : subjective: not jet
[2016-06-27 08:19:10] subjective : Huobi breaks triangle, matter of time bro
[2016-06-27 08:19:56] subjective : RSI points down, nothing its 100% make ur own decision..
[2016-06-27 08:20:20] rullwull : up)
[2016-06-27 08:21:15] rullwull : btc up, eth down
[2016-06-27 08:26:00] subjective : wurstgelee: if this drops for real, the guy who fat finger bought to 667 will be in pain..
[2016-06-27 08:28:24] subjective : Panic sell in 3, 2, 1 ....
[2016-06-27 08:28:40] rullwull : there could be a lot of stops and rects up to 667, how about guys who bought below 620?
[2016-06-27 08:29:41] macios15 : 610 even
[2016-06-27 08:34:34] fineregex : no more hammering down bitcoin
[2016-06-27 08:38:29] subjective : fineregex: no one is doing anything here, it's the chinese
[2016-06-27 08:41:42] fineregex : my sentence wasnt meant to assume who
[2016-06-27 08:44:36] fineregex : subjective: but of course as of your nikname you needed to feel addressed
[2016-06-27 08:44:47] fineregex : its only right
[2016-06-27 08:49:51] Tetsuo : BitMEX_Wally: how long until bitmex is marketleader? could you give an ETA?
[2016-06-27 08:53:41] haxmb : who's giving away all this money
[2016-06-27 08:53:42] haxmb : wow
[2016-06-27 08:54:00] subjective : fat finger sells, then followed by rekt time :)
[2016-06-27 08:54:06] haxmb : llol
[2016-06-27 08:54:19] haxmb : well thanks anyway :) whoever it was
[2016-06-27 08:54:21] REKT : Liquidated long on `FCTXBT`: Sell 1 @ 0.001658 :punch: :whale:
[2016-06-27 08:54:35] subjective : not this rekt
[2016-06-27 08:55:17] haxmb : got some nice contracts on 635 and 638-640
[2016-06-27 08:56:02] subjective : it's funny that Bitmex follows other markets, so u can feel free to talk about position without affect the market.. gold :)
[2016-06-27 08:56:47] haxmb : =]
[2016-06-27 08:59:50] boolander : funny till some punter pete goes b4lls to the walls long or short and then unleashes the DPE on erryone
[2016-06-27 09:01:39] subjective : DPE is pretty OP..
[2016-06-27 09:11:54] BitMEX_Wally : Tetsuo: We already are a market leader :)
[2016-06-27 09:26:06] esuvari : anyone else having trouble reaching bitmex on mobile?
[2016-06-27 09:26:14] esuvari : it just won't login
[2016-06-27 09:26:45] XBTXBTXBT : This markets makes little sense right now
[2016-06-27 09:28:20] subjective : XBTXBTXBT: why?
[2016-06-27 09:28:47] subjective : brexit + halving, then whale squeeze longs?
[2016-06-27 09:29:39] esuvari : BitMEX_Wally: u have any idea why bitmex is not reachable on mobile?
[2016-06-27 09:29:46] fineregex : when to long gbp?
[2016-06-27 09:29:56] fineregex : 1.250001 ?
[2016-06-27 09:30:03] boolander : parity
[2016-06-27 09:31:46] BitMEX_Wally : esuvari: What phone do you have, and what error or behaviour are you seeing?
[2016-06-27 09:31:58] fineregex : boolander: well, easy advice cant fail, congratulations
[2016-06-27 09:33:10] fineregex : the gbp just gave me 0.5 btc in 5 minutes
[2016-06-27 09:33:20] fineregex : *swoon*
[2016-06-27 09:33:40] subjective : that might be the last dump before halving, 4100CNY, 620USD should be solid support for the next rally
[2016-06-27 09:34:56] fineregex : subjective: you assume dump yet because it isnt running straigh over 650 yet?
[2016-06-27 09:36:13] subjective : fineregex: takes time
[2016-06-27 09:37:06] boolander : parity +.00001
[2016-06-27 09:37:21] fineregex : boolander: si senor
[2016-06-27 09:37:41] fineregex : subjective: https://www.bitstamp.net/market/tradeview/ sellside looks weak / fake
[2016-06-27 09:38:10] subjective : fineregex: FYI I am bullish from now on
[2016-06-27 09:38:38] subjective : look at 2H chart and draw a line at the bottom, that should be the new support..
[2016-06-27 09:38:54] fineregex : is there any chart/website combining all market depth of major exchanges?
[2016-06-27 09:39:08] XBTXBTXBT : I assume kaiko
[2016-06-27 09:40:42] fineregex : :D
[2016-06-27 09:41:57] esuvari : BitMEX_Wally: iphone 6, both on chrome & safari I see the login screen. I enter my credentials but can't see the next page. bitöex logo keeps bouncing and stays there.
[2016-06-27 09:43:11] hey : fineregex: maybe https://hypron.net/bitcoinwisdom/
[2016-06-27 09:45:09] wotan : fineregex: i like cryptowat.ch
[2016-06-27 09:45:50] BitMEX_Wally : esuvari: Try disabling wireless on your phone and use 3G only. Tell me if that works?
[2016-06-27 09:46:14] esuvari : nope, it doesn't. I tried wireless & 3g.
[2016-06-27 09:47:42] esuvari : I actually do get logged in, receive the mail and all. but can't get past the logo screen and see the interface
[2016-06-27 09:50:43] fineregex : XBTXBTXBT: Thanks! @wotan @hey
[2016-06-27 09:50:59] fineregex : subjective: how far does your 2h chart reach back, april?
[2016-06-27 09:52:52] fineregex : the last 2h candle at bitmex is actually a standard bullish candle, short with long wick down
[2016-06-27 09:53:35] fineregex : the wick up is not real
[2016-06-27 09:56:35] esuvari : BitMEX_Wally: anything?
[2016-06-27 09:57:30] BitMEX_Wally : I've checked the logs and I see the login and it's fine
[2016-06-27 09:57:42] BitMEX_Wally : I cannot replicate this issue on an iPhone 6s
[2016-06-27 09:57:59] BitMEX_Wally : On your iPhone please go to Settings, Safari, Clear History and Website Data
[2016-06-27 09:58:02] BitMEX_Wally : Then try again
[2016-06-27 09:59:22] justinlooking : maybe cookies being blocked?
[2016-06-27 09:59:59] BitMEX_Wally : Just seeing the bouncing logo normally means the browser has experienced a javascript error while loading/initalising the code
[2016-06-27 10:02:06] boolander : goodnight europeon banks
[2016-06-27 10:03:23] wotan : boolander just the bgeinning:)
[2016-06-27 10:04:12] wotan : bought me more physical silver today
[2016-06-27 10:14:48] boolander : agreed there
[2016-06-27 10:20:22] subjective : What is a good value for trailing stop market? Need some advice so I can sleep better
[2016-06-27 10:20:55] subjective : If I set 15 dollars, is that on my entry price or index price?
[2016-06-27 10:23:32] subjective : Does trailing stop take into account of % drop in last few minutes?
[2016-06-27 10:32:53] BitMEX_Wally : subjective: Trailing stop tracks the mark price
[2016-06-27 10:33:40] BitMEX_Wally : So if you are long and set a trailing stop to sell with trail value -15 that means the stop price will be 15 dollars below the mark price, and as the mark price rises, the stop price will rise too
[2016-06-27 10:34:15] BitMEX_Wally : Actually, you can choose if you want Mark Price or Last Price, there is a checkbox
[2016-06-27 10:35:35] macios15 : crash
[2016-06-27 10:35:46] boolander : goodnight britcoin
[2016-06-27 10:39:07] macios15 : china 627 lol
[2016-06-27 10:43:06] aethlios : yuan going down and china in a discount?? miners selling??
[2016-06-27 10:46:54] Skitrx : it wouldn't make sense for miners to sell when yuan is down
[2016-06-27 10:47:15] Skitrx : just market volatility
[2016-06-27 10:48:54] bhok : sorry guys there are some way of simply lend to other traders?
[2016-06-27 10:49:10] bhok : without buy or sell?
[2016-06-27 10:49:39] justinlooking : bhok: not on bitmex
[2016-06-27 10:50:01] bhok : ouch thank you
[2016-06-27 10:56:04] bhok : and interest rates are paid in base to invested fund ior too is paid for the leverage?
[2016-06-27 10:56:38] bhok : i mean if i buy a short at 1BTC with 50x leverage
[2016-06-27 10:56:54] bhok : i will receive the funding rate over 1 btc or over 50?
[2016-06-27 10:57:41] hey : funding rate applies to the full size of your posiition
[2016-06-27 10:58:12] hey : (i.e. 50 btc in your example)
[2016-06-27 10:59:25] bhok : very interesting thank u a lot
[2016-06-27 11:01:59] hey : btw, bitmex does not keep a cut of the funding transactions so the money stays "at the table"
[2016-06-27 11:02:41] hey : (it does not slowly disappear from trader accounts)
[2016-06-27 11:03:33] hey : (compare to 15% vig at bfx)
[2016-06-27 11:03:33] BitMEX_Wally : bhok: Funding is on the total position size, leverage is irrelevant
[2016-06-27 11:06:28] bhok : you mean if i put one btc i will receive or will pay interest only for that btc independently of the leverage?
[2016-06-27 11:06:54] justinlooking : yes
[2016-06-27 11:08:53] BitMEX_Wally : So if you use 50x you can deposit 0.02 Bitcoin and earn interest on 1 Bitcoin
[2016-06-27 11:09:51] bhok : wow
[2016-06-27 11:10:13] bhok : but strong price movement can make me to receive a margin call quickly?
[2016-06-27 11:10:41] BitMEX_Wally : bhok: Yes, I would recommend you use less leverage and hedge your position if you want to just earn interest
[2016-06-27 11:11:01] BitMEX_Wally : https://blog.bitmex.com/earning-interest-income-on-xbtusd-with-minimised-risk/
[2016-06-27 11:11:01] bhok : hedge?
[2016-06-27 11:11:14] bhok : coul you please provide me some info link about hedging?
[2016-06-27 11:11:19] BitMEX_Wally : I just did
[2016-06-27 11:11:20] bhok : ooo
[2016-06-27 11:11:23] bhok : than you
[2016-06-27 11:11:47] bhok : lol it is exactly what i was looking for thank you again mr
[2016-06-27 11:12:25] BitMEX_Wally : So if you deposited 1 Bitcoin and entered a 1x leveraged short XBTUSD position you would be hedged against the Bitcoin price movement, and would earn the funding
[2016-06-27 11:13:10] BitMEX_Wally : See also: https://blog.bitmex.com/swaps-101/
[2016-06-27 11:13:41] REKT : Liquidated long on `XBTUSD`: Sell 872 @ 632.32
[2016-06-27 11:19:17] REKT : Liquidated long on `XBTUSD`: Sell 1521 @ 631.11
[2016-06-27 11:19:17] REKT : Liquidated long on `XBTUSD`: Sell 30 @ 631.71
[2016-06-27 11:19:20] macios15 : this gona be good
[2016-06-27 11:20:03] justinlooking : cud y'all wait for rebalance before getting shrekt please
[2016-06-27 11:24:41] gustavo7 : justinlooking: i just choked on my laughter, lol
[2016-06-27 11:25:14] macios15 : ma5 and ma10 gona cross on okcoin
[2016-06-27 11:25:29] fineregex : macios15: means?
[2016-06-27 11:25:51] macios15 : could be dump
[2016-06-27 11:26:11] macios15 : at 1d
[2016-06-27 11:26:14] justinlooking : macios which interval?
[2016-06-27 11:26:15] justinlooking : ah k
[2016-06-27 11:26:23] justinlooking : yeh that's not good
[2016-06-27 11:27:11] bhok : i think they are trying to remove weak hands
[2016-06-27 11:50:17] RoftheN : What is USD rate?
[2016-06-27 11:51:10] bhok : where do you see it?
[2016-06-27 11:52:12] RoftheN : https://blog.bitmex.com/earning-interest-income-on-xbtusd-with-minimised-risk/
[2016-06-27 11:52:14] RoftheN : But I understand it now
[2016-06-27 11:52:26] RoftheN : Hmm pretty smart
[2016-06-27 11:52:43] RoftheN : But from who do we borrow USD?
[2016-06-27 11:53:05] RoftheN : Oh it's Bitfinex
[2016-06-27 11:53:05] bhok : pair is XBT/USD
[2016-06-27 11:55:41] RoftheN : Can I make a separate account to earn the interest rate like that?
[2016-06-27 11:55:58] BitMEX_Wally : RoftheN: Sure, you just need an email address
[2016-06-27 12:00:22] hey : you create it from nothing when you open a position, other side is held by whoever is holding the opposite trade
[2016-06-27 12:02:31] RoftheN : So with this strategy I can earn over 0.05% interest a day if the price isn't too volatile to liquidate my short, regardless of whether BTC price goes up longterm or not?
[2016-06-27 12:03:01] BitMEX_Wally : Yes
[2016-06-27 12:03:16] RoftheN : That sounds great
[2016-06-27 12:03:26] BitMEX_Wally : A few risks of course, the BitMEX counterparty risk, the DPE risk, the interest rate can go negative risk, etc etc
[2016-06-27 12:03:42] RoftheN : The interest rate can go negative?!
[2016-06-27 12:03:46] seafvasvsdvasvasdv : RoftheN: Watch out for DPE.
[2016-06-27 12:03:52] seafvasvsdvasvasdv : Yes, can also go negative.
[2016-06-27 12:03:59] RoftheN : How would that happen?
[2016-06-27 12:04:06] BitMEX_Wally : RoftheN: If the XBT rate goes above the USD rate, or if the swap trades at a discount
[2016-06-27 12:04:09] seafvasvsdvasvasdv : If market is a bit bearish.
[2016-06-27 12:04:36] RoftheN : Ooooh okay, you mean if XBT rate is higher. I thought negative USD rate
[2016-06-27 12:04:55] seafvasvsdvasvasdv : Is people trade below spot, you can get negative rates.
[2016-06-27 12:05:00] RoftheN : But if it's bearish, I will have the bitcoins in my wallet becoming worth a shitload
[2016-06-27 12:05:00] seafvasvsdvasvasdv : is = if
[2016-06-27 12:05:08] BitMEX_Wally : For example with ETHXBT right now the funding rate is -0.2342% meaning if you are short you pay, if you are long you earn
[2016-06-27 12:05:11] seafvasvsdvasvasdv : Yes, unless you get DPE.
[2016-06-27 12:05:20] seafvasvsdvasvasdv : Last week shorts has 25% DPE.. we lost 25% of our profit.
[2016-06-27 12:05:39] seafvasvsdvasvasdv : Dynamic Profit Equalization
[2016-06-27 12:05:43] RoftheN : Oh thats why my profit was so little
[2016-06-27 12:05:58] seafvasvsdvasvasdv : So, watch out.
[2016-06-27 12:06:03] RoftheN : Gonna read more about it
[2016-06-27 12:06:15] seafvasvsdvasvasdv : Do that! :)
[2016-06-27 12:06:52] seafvasvsdvasvasdv : And the link of that article.. that is crazy. I can't believe that's an original Bitmex post.
[2016-06-27 12:07:40] seafvasvsdvasvasdv : They forget to tell you you can get liquidated in the trade flow. lol
[2016-06-27 12:07:56] ayy_lmao : bitmex blogs are comedic gold
[2016-06-27 12:08:00] ayy_lmao : they are the best
[2016-06-27 12:08:02] seafvasvsdvasvasdv : ayy_lmao: yep
[2016-06-27 12:08:03] RoftheN : They do recommend lower leverage though
[2016-06-27 12:08:10] seafvasvsdvasvasdv : I loved the Univorn though...
[2016-06-27 12:08:11] seafvasvsdvasvasdv : heeh
[2016-06-27 12:20:29] jung1 : hello
[2016-06-27 12:31:05] rapidtrades : hi shitcoin trader :
[2016-06-27 12:31:24] xzsd : jung1: Hello
[2016-06-27 12:31:53] rapidtrades : xzsd: hey
[2016-06-27 12:32:09] jung1 : rapidtrades: funny how hypocrite you are
[2016-06-27 12:32:15] jung1 : but its trollbox so its fine
[2016-06-27 12:32:27] rapidtrades : jung1: y :)
[2016-06-27 12:33:18] xzsd : rapidtrades: nice day, ahn?
[2016-06-27 12:35:47] rapidtrades : not rly..okay day
[2016-06-27 12:36:25] rapidtrades : yuan down almost 1% again today
[2016-06-27 12:36:44] xzsd : cny/btc or cny/usd?
[2016-06-27 12:37:19] rapidtrades : usd/cnh...offshore rate
[2016-06-27 12:37:47] REKT : Liquidated long on `XBTUSD`: Sell 100 @ 630.02
[2016-06-27 12:50:16] subjective : Now, moon time?
[2016-06-27 12:53:31] Skitrx : don't think so
[2016-06-27 12:53:40] Skitrx : but don't take my word for it, anything could happen
[2016-06-27 12:55:00] Skitrx : 1h still showing downtrend
[2016-06-27 13:03:30] jung1 : 600 before 700
[2016-06-27 13:03:54] wurstgelee : who needs 700?
[2016-06-27 13:03:58] wurstgelee : 660+ would be ok for me :)
[2016-06-27 13:04:11] jung1 : 666
[2016-06-27 13:04:21] jung1 : and after that there will be red on charts
[2016-06-27 13:04:45] Skitrx : no support for 4200
[2016-06-27 13:22:49] subjective : Skitrx: 4150 support now..
[2016-06-27 13:23:35] subjective : Skitrx: if u draw bottom from 24 hune dump
[2016-06-27 13:53:55] vbmithr : Wally: STRML: In the orderbook some orders are written in bold, why?
[2016-06-27 13:56:51] REKT : Liquidated long on `XBJ24H`: Sell 2000 @ 64712.0
[2016-06-27 14:03:07] REKT : Liquidated long on `XBTUSD`: Sell 119 @ 627.89
[2016-06-27 14:03:17] REKT : Liquidated long on `XBTUSD`: Sell 311 @ 627.70
[2016-06-27 14:04:01] jung1 : eth on the growth
[2016-06-27 14:05:42] REKT : Liquidated long on `XBTUSD`: Sell 13100 @ 624.47
[2016-06-27 14:09:15] bhok : the positions are always liquidated with a two % of price movement?
[2016-06-27 14:09:32] jung1 : depends of your margin
[2016-06-27 14:16:06] bhok : and how can i calculate my margin?
[2016-06-27 14:16:13] bhok : it is the leverage?
[2016-06-27 14:17:24] BitMEX_Wally : bhok: If you have 50x then your initial margin is 2%
[2016-06-27 14:17:24] jung1 : https://www.bitmex.com/app/dynamicProfitEqualisation
[2016-06-27 14:17:53] BitMEX_Wally : Then an unrealised loss will decrease this margin
[2016-06-27 14:17:57] rapidtrades : jung1: stop pumping eth, it barely moved last 2 days
[2016-06-27 14:18:38] jung1 : no
[2016-06-27 14:18:39] BitMEX_Wally : XBTUSD has a 0.50% maintenance margin, so at 50x that means a 1.5% loss will liquidate you
[2016-06-27 14:18:55] BitMEX_Wally : At 20x a 4.5% loss will liquidate, etc etc
[2016-06-27 14:19:54] bhok : mmm
[2016-06-27 14:20:03] bhok : then the hedging strategy have his risks
[2016-06-27 14:20:34] nip : bhok: most people hedging use more than a 5% margin deposit
[2016-06-27 14:21:11] bhok : bigger margin deposit bigger the security your position will not be closeed
[2016-06-27 14:22:39] jung1 : yup
[2016-06-27 14:22:48] RoftheN : I'm bad at math, how much percentage do you need for x15?
[2016-06-27 14:23:02] BitMEX_Wally : 1/15
[2016-06-27 14:23:10] RoftheN : WHICH IS?!
[2016-06-27 14:23:12] BitMEX_Wally : 6.66%
[2016-06-27 14:23:19] RoftheN : Thanks
[2016-06-27 14:23:24] macios15 : lol
[2016-06-27 14:23:30] jung1 : RoftheN: protip: you can use google as calculator
[2016-06-27 14:23:43] jung1 : https://www.google.co.in/#q=1+%2F15
[2016-06-27 14:23:46] RoftheN : Why would I do that if I have a calculator right here
[2016-06-27 14:24:06] nip : yeah pro tip type 1/15=? most places and get the answer
[2016-06-27 14:25:37] RoftheN : So let's say you do not get liquidated all year. And the average USD rate - XBT rate is 0.6%. How much percentage a year and how does DPE influence that?
[2016-06-27 14:26:16] rapidtrades : about three fiddy
[2016-06-27 14:26:22] BitMEX_Wally : 0.6% every 8 hours?
[2016-06-27 14:26:32] BitMEX_Wally : You'd earn 657% in a year on funding
[2016-06-27 14:26:37] bhok : lol
[2016-06-27 14:26:41] RoftheN : Is it every 8 hours? I thought 24 hours
[2016-06-27 14:27:35] boolander : how much fo 1 rib?
[2016-06-27 14:27:57] BitMEX_Wally : Funding is now every 8 hours, but it is the daily rate divided by 3
[2016-06-27 14:28:26] RoftheN : Okay then let's say 0.2% how do you even calculate that. How many 8 hours are in a year?
[2016-06-27 14:28:36] bhok : daily funding rate is usually between 0.05 and 0.012
[2016-06-27 14:28:41] rapidtrades : sp500 flirting with 2k
[2016-06-27 14:28:56] bhok : bro take the daily rate
[2016-06-27 14:28:59] RoftheN : Oh I mean 0.02 then
[2016-06-27 14:29:07] RoftheN : No I'm confused
[2016-06-27 14:29:08] bhok : 0.02*3
[2016-06-27 14:29:17] bhok : 0.06
[2016-06-27 14:29:35] bhok : 0.06*365= 21.9%
[2016-06-27 14:29:39] bhok : yearly
[2016-06-27 14:29:45] RoftheN : What about cumulative thingy
[2016-06-27 14:29:47] RoftheN : Compound
[2016-06-27 14:30:09] rapidtrades : time to buy the Pound? pro/cons?
[2016-06-27 14:30:13] BitMEX_Wally : It varies with the premium index, have a look at the history https://www.bitmex.com/app/fundingHistory
[2016-06-27 14:32:10] bhok : http://www.moneychimp.com/calculator/compound_interest_calculator.htm
[2016-06-27 14:32:18] bhok : it is a compound interest calculator
[2016-06-27 14:32:31] rapidtrades : interest is not compounded tho
[2016-06-27 14:32:44] bhok : https://bfxdata.com/calculators/swaps
[2016-06-27 14:32:46] rapidtrades : u have to sell more
[2016-06-27 14:33:02] RoftheN : Which was the plan
[2016-06-27 14:33:11] rapidtrades : k
[2016-06-27 14:33:25] RoftheN : Math is complicated
[2016-06-27 14:33:31] RoftheN : I should just try it out and take my time
[2016-06-27 14:33:33] BitMEX_Wally : Between 2016.05.14 and 2016.06.27 a short position on XBTUD has earnt 16.67%
[2016-06-27 14:33:35] nip : and if there is dpe you plan to buy some back?
[2016-06-27 14:33:42] nip : dpe can compound too
[2016-06-27 14:33:51] bhok : you should think it would be about a 20 or 30% of rate yeraly
[2016-06-27 14:34:05] bhok : of course if bitmex dont broke or is hacked
[2016-06-27 14:34:26] rapidtrades : also it only takes 2-3 DPEs to lose all that interest
[2016-06-27 14:34:49] RoftheN : How often do DPE's happen and could you lose more than just the intereest?
[2016-06-27 14:34:57] rapidtrades : we had three DPEs of over 20% past month
[2016-06-27 14:35:01] rapidtrades : so do ur math
[2016-06-27 14:35:18] RoftheN : But not all months are as volatile as this
[2016-06-27 14:35:37] rapidtrades : well when months are not volatile rates will be way lower
[2016-06-27 14:35:44] RoftheN : That too
[2016-06-27 14:35:46] nip : BitMEX_Wally: i haven't given feedback on the new contracts in a while. i think they have evolved into a good product. i just wish there was some position size limit so liquidated whales dont generate such huge dpe
[2016-06-27 14:35:55] rapidtrades : if we enter a bear market, shorts will start paying
[2016-06-27 14:36:06] REKT : Liquidated short on `XBJ24H`: Buy 45 @ 64899.0
[2016-06-27 14:36:38] RoftheN : So how does one avoid being a victim of DPE?
[2016-06-27 14:36:38] BitMEX_Wally : nip: There is
[2016-06-27 14:36:41] BitMEX_Wally : nip: It is 500 XBT
[2016-06-27 14:37:48] nip : was that limit there before the dpe? i dont remember having orders rejected for that reason until recently
[2016-06-27 14:39:04] BitMEX_Wally : nip: There have always been risk limits but recently we have started enforcing them
[2016-06-27 14:39:34] BitMEX_Wally : On a case by case basis we raise them, for market makers who manage their risk, etc.
[2016-06-27 14:41:14] BitMEX_Wally : So the largest single liquidation will be $300,000 for now
[2016-06-27 14:41:25] BitMEX_Wally : I am working on a way to let a user increase their maintenance margin requirement in return for higher position limits
[2016-06-27 14:41:58] bhok : wally the system would resist a 50% fall on btc in a couple of hours¿??
[2016-06-27 14:43:42] BitMEX_Wally : If the price halved then the entire open interest would be liquidated
[2016-06-27 14:43:46] bhok : or it would broke
[2016-06-27 14:44:07] BitMEX_Wally : The system would be fine, there would just be a DPE rate :)
[2016-06-27 14:44:12] bhok : but guys with short positions would get his money plus profits?
[2016-06-27 14:44:19] BitMEX_Wally : Yes
[2016-06-27 14:44:32] BitMEX_Wally : They would get money plus profits but their profits would be reduced
[2016-06-27 14:44:37] bhok : thank you it is very interesting
[2016-06-27 14:53:06] bhok : and can i ask why not to have an option form simply lending like bitfinex?
[2016-06-27 14:56:02] Rado : bhok: there is already big leverage
[2016-06-27 14:56:16] Rado : why would you need to borrow on top of that
[2016-06-27 14:56:37] bhok : i am not interested in borrow
[2016-06-27 14:56:40] Rado : with 1 btc you can trade 50 btc
[2016-06-27 14:56:41] bhok : i am interested in lend
[2016-06-27 14:57:05] bhok : but without the closed position risk
[2016-06-27 14:57:05] Rado : then when the Funding rate is positive you can short to collect the rate
[2016-06-27 14:57:20] bhok : yes but being short requires margin
[2016-06-27 14:57:36] Rado : if you want to simply lend you have to do that with Bitfinex
[2016-06-27 14:57:39] subjective : where are the bulls?
[2016-06-27 14:57:50] Rado : subjective: here ;-)
[2016-06-27 14:57:57] bhok : waiting to the weak hands to leave
[2016-06-27 14:58:22] RoftheN : So why would I risk my interest being ruined by DPE if I can just use Bitfinex?
[2016-06-27 14:58:42] BitMEX_Sam : RoftheN: Because the rates are generally higher here and you can lend with margin
[2016-06-27 14:58:45] Rado : RoftheN: leverage
[2016-06-27 14:59:09] bhok : lol lend money that you have not
[2016-06-27 14:59:28] BitMEX_Sam : See https://www.bitmex.com/app/fundingHistory - the daily funding rate can be as high as 1% if the market rips
[2016-06-27 14:59:32] boolander : banks loan money into existence
[2016-06-27 14:59:36] BitMEX_Sam : Of course the risks are different. There is DPE, and you need to keep your position alive
[2016-06-27 14:59:41] BitMEX_Sam : It's risk/reward.
[2016-06-27 14:59:44] rapidtrades : lending with margin is a terrible idea imo
[2016-06-27 14:59:47] RoftheN : So it's worth it to stay here even though the DPE ruins it often?
[2016-06-27 15:00:01] bhok : do we have some historic of DPE?
[2016-06-27 15:00:14] BitMEX_Sam : It doesn't ruin it often, there has been DPE 3 times in the last 6mo
[2016-06-27 15:00:38] rapidtrades : 3 times since the swap
[2016-06-27 15:00:38] BitMEX_Sam : https://www.bitmex.com/app/settlementHistory
[2016-06-27 15:00:38] Rado : I used only 0.3 XBT to make 2 XBT on XBTU16
[2016-06-27 15:00:39] bhok : and when DPE you lost all the interest profits of this day?
[2016-06-27 15:00:46] Rado : you can't do that in a normal exchange
[2016-06-27 15:00:48] BitMEX_Sam : No, funding is not sugject to DPE
[2016-06-27 15:00:53] BitMEX_Sam : subject*
[2016-06-27 15:01:20] bhok : great
[2016-06-27 15:01:25] rapidtrades : what are the longterm rates for lending USD on finex btw
[2016-06-27 15:01:48] bhok : 0.071
[2016-06-27 15:01:52] bhok : daily at this moment
[2016-06-27 15:02:07] Rado : 0.07 per day is great by the way
[2016-06-27 15:02:18] bhok : but usually is between 0.045 and 0.10
[2016-06-27 15:02:33] Rado : 25% annualized
[2016-06-27 15:02:47] RoftheN : I think it's great too. My student loan is like 1% per year. IF I just put it into 0.7% per day then it's free money
[2016-06-27 15:02:50] Rado : stock market gives you 7%
[2016-06-27 15:02:59] rapidtrades : yes but wil ur loans stick? lot of times i rollover my loans for cheaper rates
[2016-06-27 15:02:59] Rado : and you can loose your shirt when it craches
[2016-06-27 15:03:04] bhok : but the problem is
[2016-06-27 15:03:10] rapidtrades : what's the current bid/ask? not logged in atm
[2016-06-27 15:03:13] RoftheN : Can I trust Bitfinex?
[2016-06-27 15:03:17] bhok : Bitfinex is registered in virgin british isalnds
[2016-06-27 15:03:24] RoftheN : I think it's rather trustworthy
[2016-06-27 15:03:25] bhok : and bitmex is in Seycheles
[2016-06-27 15:03:40] rapidtrades : all good places for a vacation :)
[2016-06-27 15:03:46] bhok : if someday the decide to run with the money....
[2016-06-27 15:03:51] Rado : lol rapidtrades
[2016-06-27 15:04:14] Rado : the reason they are registered there is because of shady governments
[2016-06-27 15:04:21] bhok : i know i know
[2016-06-27 15:04:39] bhok : but investors are unprotected in case of bad bahaviour
[2016-06-27 15:04:54] bhok : lol sorry my absollutelly shitty english
[2016-06-27 15:04:58] Rado : you can insure your holdings
[2016-06-27 15:05:01] bhok : behavo¡iour
[2016-06-27 15:05:06] bhok : behaviour
[2016-06-27 15:05:07] RoftheN : I'll just use both. I mean if Bitfinex decides to steal. Then BTC will go down hard and my short here will be awesome
[2016-06-27 15:05:12] Rado : maybe I should start a BTC insurance fund
[2016-06-27 15:05:19] Rado : that will be great business :-)
[2016-06-27 15:05:25] bhok : mmm interesting concept Rado
[2016-06-27 15:05:38] bhok : but how could you get community trust?
[2016-06-27 15:05:51] RoftheN : Tell them you are a blockchain
[2016-06-27 15:05:53] Rado : slowly
[2016-06-27 15:05:59] Rado : there you go
[2016-06-27 15:06:04] Rado : RoftheN: :-)
[2016-06-27 15:06:15] BitMEX_Wally : Both the BVI and Seychelles have a stable legal system with common law
[2016-06-27 15:06:23] Rado : contract on the blockchain will pay them if the event happens
[2016-06-27 15:06:27] bhok : of course they are Wally
[2016-06-27 15:07:17] gustavo7 : ffs the network is slow
[2016-06-27 15:07:52] RoftheN : But wasn't Bitfinex in HongKong or anything?
[2016-06-27 15:08:05] Rado : yes
[2016-06-27 15:08:07] bhok : at beggining yes but they had regulatory problems
[2016-06-27 15:08:26] bhok : and move out quickly to BVI
[2016-06-27 15:09:04] bhok : Wally why the insurance fund have so great volatility
[2016-06-27 15:09:11] Rado : rapidtrades: how is it going man
[2016-06-27 15:12:40] tscha : Rado: the reason they are incorporated there is not shadiness, but tax
[2016-06-27 15:12:50] tscha : 0% corporate tax AFAIK
[2016-06-27 15:13:01] RoftheN : That's not a lot
[2016-06-27 15:13:09] tscha : also 0% income tax for individuals, in case you want to retire somewhere
[2016-06-27 15:13:10] Rado : that's what the shadiness is tscha
[2016-06-27 15:13:34] Rado : you never know how government will destroy your business with tax and regulations
[2016-06-27 15:13:35] bhok : wow nice
[2016-06-27 15:13:52] tscha : Rado: why is that shady? it's just being smart
[2016-06-27 15:13:55] bhok : perfect way to remove states incomes
[2016-06-27 15:14:21] bhok : smart is to think like collective not like egoistic individuals
[2016-06-27 15:14:53] adlai : is there an API call that returns the funding rates for the swaps?
[2016-06-27 15:14:58] Rado : you mean stealing from people is smart?
[2016-06-27 15:14:58] bhok : and i am speaking about collectives not like states or governments
[2016-06-27 15:15:05] Rado : and then using their money for war
[2016-06-27 15:15:13] tscha : Rado: stealing is illegal, optimizing tax isn't
[2016-06-27 15:15:23] Rado : are you one of these sheep that don't see what's going on
[2016-06-27 15:15:28] RoftheN : Why is stealing illegal?
[2016-06-27 15:15:44] bhok : https://www.bitmex.com/api/explorer/#!/Funding/Funding_get
[2016-06-27 15:15:47] Rado : tax = stealing
[2016-06-27 15:15:54] jung1 : what a bullshit
[2016-06-27 15:16:06] jung1 : taxes are used for common goods
[2016-06-27 15:16:09] tscha : rofl... no comment
[2016-06-27 15:16:15] bhok : if taxes is for pay healthcare and education i dont see it like a steal
[2016-06-27 15:16:56] bhok : but dont worry
[2016-06-27 15:16:58] jung1 : building streets, cleaning and a lot of stuff that everyone use in cities are from taxes
[2016-06-27 15:17:00] Rado : jung1: keep believing that
[2016-06-27 15:17:06] jung1 : wtf
[2016-06-27 15:17:09] bhok : we are living the collapse of occidental way of life
[2016-06-27 15:17:11] jung1 : how old are you?
[2016-06-27 15:17:59] jung1 : Rado: so you think that bitmex stealing your money here?
[2016-06-27 15:18:03] bhok : price going down
[2016-06-27 15:18:29] Rado : BitMEX is not taxing me
[2016-06-27 15:18:41] Rado : and definitely not against my will
[2016-06-27 15:18:47] bhok : i think would be nice that Bitmex could make the bussines from USA or Europe
[2016-06-27 15:19:13] bhok : but i know regulatory about bitcoin is a pain
[2016-06-27 15:19:57] jung1 : Rado: so what is the difference between taxes and fees?
[2016-06-27 15:20:22] Rado : I told you voluntary participation
[2016-06-27 15:20:38] jung1 : bhok: why? you do not need any veryfications so what is the difference?
[2016-06-27 15:21:07] Rado : If I want my money to be used for war I will give it for that, but I don't want the government to decide for me
[2016-06-27 15:21:12] rapidtrades : +!
[2016-06-27 15:21:12] bhok : difference is i could make legal actions if they scam me more easily
[2016-06-27 15:21:14] bhok : only that
[2016-06-27 15:21:20] rapidtrades : +1 @Rado
[2016-06-27 15:21:50] bhok : well
[2016-06-27 15:21:51] Rado : anyway I will stop there because you can't make people wake up, they need to do that on their own
[2016-06-27 15:22:02] bhok : in Somalia they are very good without government
[2016-06-27 15:22:36] bhok : if you have a comunity you need rules