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<< >> English 中文 Русский 한국어 日本語 Español Français [2016-07-26 18:45:32] wurstgelee : crazy shit @ trex [2016-07-26 18:45:33] wurstgelee : .006 [2016-07-26 18:45:34] wurstgelee : rofl [2016-07-26 18:45:41] wurstgelee : ETC ofc [2016-07-26 18:45:51] mrp1nk : crazy [2016-07-26 18:46:23] mrp1nk : seems i was wrong [2016-07-26 18:46:37] REKT : Liquidated long on `ETHXBT`: Sell 45 @ 0.01846 [2016-07-26 18:47:16] wurstgelee : mrp1nk: 1:2 ETC:ETH [2016-07-26 18:47:20] wurstgelee : soon [2016-07-26 18:47:21] wurstgelee : :p [2016-07-26 18:48:00] mrp1nk : i think it's over when .18 breaks [2016-07-26 18:48:18] mrp1nk : even o [2016-07-26 18:49:00] mrp1nk : 0.0185 the level but could fakeout down [2016-07-26 18:49:08] mrp1nk : +is [2016-07-26 18:53:22] justinlooking : 0.175 is way more significant to me [2016-07-26 18:53:35] scrawl : mrp1nk: do we know if we can short etc on finex? [2016-07-26 18:54:22] justinlooking : *0.0175 [2016-07-26 18:55:44] mrp1nk : scrawl: dunno, but i think so if margin trading will be available [2016-07-26 19:04:21] Rado : When is finex adding ETC? [2016-07-26 19:08:08] mrp1nk : dunno, but kraken just announced that they will add it [2016-07-26 19:13:39] Mangalica : finex is adding it tomorrow [2016-07-26 19:14:08] Mangalica : they'll announce the exact time once they sorted out everything [2016-07-26 19:20:50] Mangalica : btw. finex will unlikely to add margin trading right away [2016-07-26 19:43:07] REKT : Liquidated long on `ETHXBT`: Sell 40 @ 0.01842 [2016-07-26 19:44:37] REKT : Liquidated long on `ETC24H`: Sell 21 @ 0.003429 [2016-07-26 19:44:37] REKT : Liquidated long on `ETC24H`: Sell 20 @ 0.003427 [2016-07-26 19:45:07] REKT : Liquidated long on `ETC24H`: Sell 300 @ 0.003358 [2016-07-26 19:45:07] REKT : Liquidated long on `ETC24H`: Sell 250 @ 0.003326 [2016-07-26 19:45:22] REKT : Liquidated long on `ETC24H`: Sell 6 @ 0.003279 [2016-07-26 19:45:22] REKT : Liquidated long on `ETC24H`: Sell 300 @ 0.003236 [2016-07-26 20:27:51] muirtastic : This may be a dumb question but why doesn't my Liq price go up on an open position when I just increased my wallet balance by 50%, due to another trade. [2016-07-26 20:30:49] zanza : you are probably on isolated [2016-07-26 20:30:53] mrp1nk : are you on isolated or cross margin? [2016-07-26 20:30:54] zanza : check your position slider [2016-07-26 20:31:05] Mangalica : or the profit isn't settled yet, that might affect it [2016-07-26 20:32:12] Mangalica : otoh taking your principal out of another trade should definitely have an effect, so nvm [2016-07-26 20:54:10] muirtastic : I'm on cross margin [2016-07-26 20:55:56] muirtastic : I made the profit several hours ago and there has been a Funding event since then but do I have to wait for a "reblance" for it to help with my liquidation price? [2016-07-26 20:58:39] justinlooking : yes, rebalance will release withheld balance and make it available as margin [2016-07-26 20:58:59] justinlooking : *withheld profit [2016-07-26 20:59:35] muirtastic : ok thanks, that makes sense. I should be ok until then [2016-07-26 21:14:37] justinlooking : it's doing it again [2016-07-26 21:18:30] wurstgelee : yep [2016-07-26 21:18:43] wurstgelee : also..wtf...who is shorting NOW? [2016-07-26 21:18:52] wurstgelee : down to .0034..... [2016-07-26 21:18:53] wurstgelee : lolz [2016-07-26 21:21:17] Teddy76 : maybe long closing [2016-07-26 21:25:05] wurstgelee : probably...but market closing that much into thin orderbooks in the minute it pumps again is just....dumb [2016-07-26 21:27:10] muirtastic : I shorted a bit of ETC but small size. [2016-07-26 21:27:26] muirtastic : I cleaned up on a short earlier but cautious now [2016-07-26 21:28:30] wurstgelee : check polo [2016-07-26 21:28:37] wurstgelee : huge buys atm [2016-07-26 21:28:40] wurstgelee : big vol [2016-07-26 21:28:46] wurstgelee : shorts are gonna get fucked [2016-07-26 21:28:49] wurstgelee : *imo [2016-07-26 21:28:51] wurstgelee : ;) [2016-07-26 21:29:06] muirtastic : There was a 350 BTC buy wall awhile ago at about 385 [2016-07-26 21:29:20] muirtastic : on ETC on Polo I mean [2016-07-26 21:29:37] wurstgelee : 130k BTC ETC 24h vol @ polo now... [2016-07-26 21:29:39] wurstgelee : crazy shit [2016-07-26 21:29:57] wurstgelee : 385 is basically nothing tbh if u have THAT volume [2016-07-26 21:30:08] wurstgelee : no serious resistance at least [2016-07-26 21:30:39] wurstgelee : theres a 5 mint 1800 btc volume candle just a few minutes ago [2016-07-26 21:30:43] wurstgelee : *minutes [2016-07-26 21:31:06] starman : can i ddeposit etc? [2016-07-26 21:31:14] starman : or just btc first timew on this site [2016-07-26 21:31:25] wurstgelee : all trades are executed and setled in BTC [2016-07-26 21:31:31] wurstgelee : *settled [2016-07-26 21:31:34] wurstgelee : u dont need anything else [2016-07-26 21:31:41] wurstgelee : u trade everything with btc [2016-07-26 21:32:37] starman : asin i have etc can i deposit here? [2016-07-26 21:33:18] mrp1nk : no [2016-07-26 21:33:36] BitMEX_Sam : We're Bitcoin-denominated derivatives only here [2016-07-26 21:34:18] wurstgelee : BitMEX_Sam: all in on he didnt understand that sentence [2016-07-26 21:34:19] wurstgelee : :p [2016-07-26 21:34:50] Teddy76 : :) [2016-07-26 21:38:09] wurstgelee : BitMEX_Sam: maybe i dont see the obvious reason, but why didnt u do a perpetual swap for etc? [2016-07-26 21:38:55] BitMEX_Sam : wurstgelee: Lots of reasons - volatility would cause wildly changing funding rates, and we want the ability to alter the contract (more/less leverage, longer/shorter terms) based on market conditions if necessary [2016-07-26 21:39:03] wurstgelee : ah ok [2016-07-26 21:39:20] wurstgelee : would need a more stable market.... [2016-07-26 21:39:40] wurstgelee : makes sense [2016-07-26 21:39:42] muirtastic : What an incredible day. I wish I would have played it better but still some nice profit [2016-07-26 21:49:27] Teddy76 : following days are crucial for ethereum [2016-07-26 21:52:08] mrp1nk : regarding finex [2016-07-26 21:52:09] mrp1nk : "lifehasnobackspace": it looks like we'll start trading ETC at 120 (noon) UTC tomorrow morning [2016-07-26 21:52:45] Teddy76 : sadly, ethereum is a good tech, but hard fork isn't risk free [2016-07-26 21:54:05] wurstgelee : wait for the next HF which is necessary now because eth devs didnt expect both chains to survive and now both are vulnerable to replay attacks [2016-07-26 21:54:13] wurstgelee : etc devs already said they wont fork [2016-07-26 21:54:15] wurstgelee : so eth has to [2016-07-26 21:54:24] wurstgelee : then we will not have 2 but 3 ETHs [2016-07-26 21:54:31] wurstgelee : what joy [2016-07-26 21:54:32] wurstgelee : ;) [2016-07-26 21:54:59] wurstgelee : well tbh, the vulnerable ETH chain wont survive [2016-07-26 21:55:03] Teddy76 : forked chain is vulnerable? [2016-07-26 21:55:07] wurstgelee : but: another hard fork. [2016-07-26 21:55:12] wurstgelee : both are vulnerable [2016-07-26 21:55:18] wurstgelee : so one has to HF again [2016-07-26 21:55:21] wurstgelee : either ETC or ETH [2016-07-26 21:55:35] wurstgelee : ETC devs say "fuck u, u didnt properly fork. fix ur mess" [2016-07-26 21:55:41] wurstgelee : and so it will happen [2016-07-26 21:55:43] wurstgelee : ;) [2016-07-26 21:56:08] wurstgelee : etc just passed .004 again [2016-07-26 21:57:07] wurstgelee : i dont really get why its traded at such an discount here... [2016-07-26 22:00:01] justinlooking : i think it's because it has 14h bias applied to it (ie future, not now) [2016-07-26 22:02:14] wurstgelee : might be, yes [2016-07-26 22:02:33] wurstgelee : i am way more optimistic regarding ETC price development in the next 14h tho [2016-07-26 22:02:34] wurstgelee : :p [2016-07-26 22:09:31] Teddy76 : correlation on all other crypto is amazing, ETH/ETC get all attention and volume [2016-07-26 22:12:05] wurstgelee : this ETC/ETH thing is awesome for crypto [2016-07-26 22:12:37] justinlooking : 0.00420 blazeit [2016-07-26 22:12:46] wurstgelee : justinlooking: tbh i do [2016-07-26 22:12:49] wurstgelee : :D [2016-07-26 22:13:00] mrp1nk : justinlooking: lol [2016-07-26 22:19:25] Teddy76 : decentralization is amazing [2016-07-26 22:20:18] wurstgelee : yes [2016-07-26 22:20:19] Teddy76 : money is money :D [2016-07-26 22:22:19] zanza : damn this is hilarious [2016-07-26 22:30:26] Teddy76 : polo is the winner, they handle HF perfectly and are awarded now [2016-07-26 22:35:17] wurstgelee : Teddy76: yep [2016-07-26 23:15:52] REKT : Liquidated short on `ETHXBT`: Buy 291 @ 0.01846 [2016-07-26 23:29:23] bernx : woah [2016-07-26 23:29:26] bernx : this spread in etc [2016-07-26 23:30:28] laisee : pump.and.dump.repeat() [2016-07-26 23:34:05] jordanbitfort : why bitmex prices so much lower than polo? [2016-07-26 23:37:13] odieoh : for what? [2016-07-26 23:39:22] ayy_lmao : market maker trying to profit [2016-07-26 23:39:25] ayy_lmao : thats all [2016-07-26 23:40:51] jordanbitfort : ETC trading 10% lower here [2016-07-26 23:41:24] BitMEX_Greg : Need to account for the fact that theres no borrow available I guess [2016-07-26 23:48:07] REKT : Liquidated long on `ETHXBT`: Sell 36 @ 0.01804 [2016-07-26 23:48:31] aethlios : finex stopped [2016-07-26 23:50:59] bernx : , [2016-07-26 23:50:59] bernx : ? [2016-07-26 23:53:35] miramm1115 : finex trading engine down, no trades or orderbook updates in the last 10 minutes [2016-07-26 23:57:51] Mangalica : Finex is down guys [2016-07-26 23:58:12] Mangalica : <01:53:20> "lifehasnobackspace": ok, guys, we stopped the trading engine and we are checking what went wrong with the positions, we'll resume as soon as we complete the checkings [2016-07-26 23:59:36] REKT : Liquidated long on `ETC24H`: Sell 4904 @ 0.003480 [2016-07-26 23:59:36] REKT : Liquidated long on `ETC24H`: Sell 25 @ 0.003572 [2016-07-26 23:59:51] REKT : Liquidated long on `ETC24H`: Sell 10 @ 0.003411 [2016-07-26 23:59:51] REKT : Liquidated long on `ETC24H`: Sell 400 @ 0.003398 [2016-07-27 00:04:21] REKT : Liquidated long on `ETHXBT`: Sell 300 @ 0.01837 [2016-07-27 00:04:25] Mangalica : <02:01:42> "lifehasnobackspace": we need 1 hr to reconcile positions as there was a problem and it went out of synch [2016-07-27 00:18:17] REKT : Liquidated long on `ETC24H`: Sell 40 @ 0.003284 [2016-07-27 00:18:17] REKT : Liquidated long on `ETC24H`: Sell 670 @ 0.003292 [2016-07-27 00:18:19] zanza : `days without a Bitfinex crash` reset to 0 pls [2016-07-27 00:18:23] ayy_lmao : lol [2016-07-27 00:25:29] rapidtrades : wtf finex u shit [2016-07-27 00:25:44] rapidtrades : i should've pulled my coins earlier today [2016-07-27 00:27:08] bernx : finex is threat now [2016-07-27 00:27:15] bernx : they alredy do mess second time [2016-07-27 00:27:51] bernx : first time they ruin long position at 700 with 19k btc [2016-07-27 00:27:55] bernx : now they are do it again [2016-07-27 00:28:47] rapidtrades : and this is why u don't mess around with counter-party risk [2016-07-27 00:31:19] zanza : https://twitter.com/mrchrisellis/status/758025056824033280 [2016-07-27 00:34:49] rapidtrades : coinbase needs o be sued [2016-07-27 00:35:18] bernx : less etc supply [2016-07-27 00:35:19] bernx : good [2016-07-27 00:39:36] REKT : Liquidated long on `ETHXBT`: Sell 2 @ 0.01819 :punch: :whale: [2016-07-27 00:40:55] muirtastic : To see individual contract specifications, click the Contract Specifications section on the sidebar. [2016-07-27 00:41:01] muirtastic : Where is it. I can't find it [2016-07-27 00:41:11] muirtastic : I'm trying to find the info on ETC perpetual swap [2016-07-27 00:41:28] muirtastic : i'm looking at the sidebar and it's not there [2016-07-27 00:41:36] miramm1115 : top menu Contracts [2016-07-27 00:42:01] muirtastic : ok thank you [2016-07-27 00:42:07] miramm1115 : but there is no ETC perpetual swap, only 24h future [2016-07-27 00:42:30] muirtastic : ok thanks. What exchange is used for the Mark price and for liquidation [2016-07-27 00:42:45] muirtastic : I had a position get liquidated and was far above the poloniex price [2016-07-27 00:42:50] muirtastic : I don't even know where else it is traded [2016-07-27 00:44:49] miramm1115 : index is poloniex but mark price is index + fair basis [2016-07-27 00:45:32] muirtastic : how would my position get closed out at a price that must have been 10% above poloniex at the time...or at least a good bit higher [2016-07-27 00:48:03] miramm1115 : check with BitMEX for details but we were trading with a big discount here, so fair basis was probably like 10% of the price [2016-07-27 00:48:53] rapidtrades : maybe finex downtime is in preparation for etc [2016-07-27 00:49:32] muirtastic : I'm not talking about the mark price..was talking about the liquidation price. I don't see why 10% preimum would be added voer the polo market price. But yes I will email them. Thanks [2016-07-27 00:51:48] jonny : so apparently 17% of eth miners are anarchists or singularity worshipers [2016-07-27 00:51:52] jonny : who would have thought [2016-07-27 00:52:19] jonny : muirtastic: it happend to me ~2bitcoin [2016-07-27 00:52:40] jonny : at the same time the order book was 15 cheaper that poloniex [2016-07-27 00:52:56] jonny : and the trigger at poloniex was just a single order not average over several seconds [2016-07-27 00:52:56] rapidtrades : finex is such shit [2016-07-27 00:53:00] ibnuH : fake order book [2016-07-27 00:53:18] jonny : also it is pretty inaccurate to close any size of order in one moment instead of portions [2016-07-27 00:54:31] jonny : in other words if i would have clicked close at the same time as the liquidation there my price would have been 25% better. but my liquidation never even appeared in the order book [2016-07-27 00:54:38] muirtastic : i just don't get how position could have been liquidated at 45 when polo was trading at 42 and didn't even get above 43 during that time period [2016-07-27 00:55:00] jonny : maybe it did for a single order [2016-07-27 00:55:11] jonny : ? [2016-07-27 00:55:17] muirtastic : no the price wasn't above that [2016-07-27 00:55:30] rapidtrades : classic? [2016-07-27 00:55:43] muirtastic : yes etc. I don't get it and frustrating of course [2016-07-27 00:55:52] rapidtrades : btw why does ether forkers get to keep the ETH code..lameeeeeeee [2016-07-27 00:55:54] muirtastic : my fault for not watching my liq price better [2016-07-27 00:56:00] rapidtrades : they are no the one true coin [2016-07-27 00:56:19] rapidtrades : muirtastic: the high on the chart is 4463 [2016-07-27 00:56:44] rapidtrades : not sure if LIQs here are done by market or polo.... [2016-07-27 00:56:49] muirtastic : not the high for the day. and it is above that anyway [2016-07-27 00:57:13] rapidtrades : well yeah its above that cos exchange adds margin safety for liqs [2016-07-27 00:57:16] muirtastic : 487 is high for the day. But that was the time [2016-07-27 00:57:19] muirtastic : or clsoe to it [2016-07-27 00:57:36] bmxalgobtc : rapidtrades: been trolling for over a year but still dont know how contracts work ? [2016-07-27 00:57:45] rapidtrades : bmxalgobtc: f off jew [2016-07-27 00:57:55] bmxalgobtc : fyi it works off mark price [2016-07-27 00:58:08] muirtastic : I guess I don't know how they work either and doesn't seem like it's straightforward info on here to explain it [2016-07-27 00:58:26] rapidtrades : each contract is different and this is a new contract u tool @bmxalgobtc [2016-07-27 00:58:43] bmxalgobtc : muirtastic: but you havent been trolling 90% of the trollbox space for 1+ year [2016-07-27 00:58:55] bmxalgobtc : rapidtrades: mark price is clearly polo price dummy [2016-07-27 00:59:00] bmxalgobtc : just open your eyes [2016-07-27 00:59:07] rapidtrades : clearly f off. idiot [2016-07-27 00:59:29] muirtastic : bmxalgobtc: well still no excuse I guess. I was just tired. I could have easily added more btc to that position too. Just dumb [2016-07-27 01:00:32] bmxalgobtc : no worries I wasnt really talking to you anyways [2016-07-27 01:00:48] bmxalgobtc : rapidtrades: you're welcome, hopefully tonight you sleep a bit smarter [2016-07-27 01:01:14] rapidtrades : eat me stupid [2016-07-27 01:01:32] bmxalgobtc : you taste like a troll, i dont like that [2016-07-27 01:01:41] bmxalgobtc : i only eat beef [2016-07-27 01:01:45] bmxalgobtc : and whales [2016-07-27 01:02:45] bmxalgobtc : you're just a sardinia [2016-07-27 01:06:06] rapidtrades : If I ruled the world, ppl with your IQ would be aborted before birth [2016-07-27 01:06:53] miramm1115 : ETC was marked using impact mid price marking yesterday, so it was marked to the orderbook. now mark price = polo price, so they must have changed something [2016-07-27 01:07:12] bmxalgobtc : rapidtrades: why would you only want dummies like you to survive, i dont get it ? [2016-07-27 01:07:35] bmxalgobtc : miramm1115: etc was marked to polo yesterday as well [2016-07-27 01:08:05] rapidtrades : u haven't demonstrated any brain power, just peddling conspiracy theories...typical for low IQ trash @bmxalgobtc [2016-07-27 01:08:47] miramm1115 : will have to ask BitMEX, I'm sure I saw impact mid price in contract details when it was listed [2016-07-27 01:09:01] bmxalgobtc : rapidtrades: please do name 2 conspiracy theory i brought up [2016-07-27 01:09:27] bmxalgobtc : miramm1115: doc is usually wrong on bitmex, so maybe the doc did say it but the contract certainly was not [2016-07-27 01:10:58] rapidtrades : bmxalgobtc: please shut up [2016-07-27 01:11:36] wotan : rapidtrades: mostly conspirancy theories are true and ppl who call it dump are dump (not in this case but at a bigger picture) [2016-07-27 01:11:52] rapidtrades : no they're just dumb and lazy [2016-07-27 01:11:54] rapidtrades : and poor [2016-07-27 01:12:15] wotan : sorry to say but ppl who are not reading talking informing about thise theories are lazy [2016-07-27 01:12:29] wotan : its about if your itnerested in soemthing or not [2016-07-27 01:12:46] wotan : but call it wrong without being informed is stupid (not you i talk about ordinary ppl) [2016-07-27 01:13:10] bmxalgobtc : rapidtrades: i didnt mention 1 conspiracy theory, you just threw that out for no reason except you couldnt come with any real argument as per usual [2016-07-27 01:13:53] BitMEX_Arthur : Because of how illiquid and volatile the ETC24H market is we are marking to Poloniex spot price [2016-07-27 01:13:57] bmxalgobtc : wotan: oh no worries, you can call it as such, he has been banned a few times already for his persistent trolling, probably the only banned troll yet around here [2016-07-27 01:14:31] wotan : im not familar with your personal issues here sorry [2016-07-27 01:14:57] wotan : just dont liek when people call conspiracy theories as dump i even dont liek the word at all [2016-07-27 01:15:22] rapidtrades : bmxalgobtc: see dummy, they used different mark before [2016-07-27 01:15:44] rapidtrades : so uve been proven false on the only 2 things u contributed in this chat [2016-07-27 01:15:53] rapidtrades : ur stupid whale theory and the marking [2016-07-27 01:15:55] rapidtrades : THE END [2016-07-27 01:16:11] wotan : what is the theory your talking bout n short? [2016-07-27 01:16:16] wotan : i need sleep [2016-07-27 01:16:28] wotan : but maybe a short summary [2016-07-27 01:16:32] bmxalgobtc : rapidtrades: whale theory ? whaaaat ? [2016-07-27 01:17:03] bmxalgobtc : bmxalgobtc: i only eat beef bmxalgobtc: and whales this one ? [2016-07-27 01:17:55] bmxalgobtc : by now i am fairly certain my fish has a higher IQ than yours, proof is I never heard him say such stupid shit ! [2016-07-27 01:18:30] rapidtrades : shut up trash [2016-07-27 01:18:33] rapidtrades : PBOC sets yuan reference rate for today at 6.6671(vs. yesterday at 6.6778) [2016-07-27 01:20:01] wotan : rapid no need tp talk rude talk normal [2016-07-27 01:21:19] bmxalgobtc : wotan: there'a a reason he was banned a few times and noone else ever... [2016-07-27 01:21:40] rapidtrades : i was banned once u dummy [2016-07-27 01:22:12] laisee : rapidtrades == The Donald of Bitmex Trollbox? [2016-07-27 01:22:32] wotan : i think i more and more get the picture here:) [2016-07-27 01:22:47] wotan : be peacful guys world is crazy enough [2016-07-27 01:22:54] wotan : i need to sleep bye all [2016-07-27 01:23:03] bmxalgobtc : nah donald is rich, rapid has a 200x old laptop he has been "thinking" about replacing [2016-07-27 01:23:21] laisee : smack talk, indeed [2016-07-27 01:23:27] jonny : @muirtastic: yes the 10% are nonsense, lets all ask bitmex to reduce it in retrospective. [2016-07-27 01:23:51] laisee : my PC has a TURBO button [2016-07-27 01:24:18] rapidtrades : its not that he's just a dummy spreading false info....its that he acts like he's smarter then me...bitch ur nothing and u've been proven wrong 2 times in past 12 hrs [2016-07-27 01:24:34] bmxalgobtc : hmmm no ? [2016-07-27 01:24:38] rapidtrades : bmxalgobtc: <<<,this bitch [2016-07-27 01:24:42] laisee : rapidtrades: e.g.? [2016-07-27 01:26:12] laisee : ... dueling banjos ... ;-/ [2016-07-27 01:26:44] bmxalgobtc : tomorrow is a new day, he will have forgotten everything about today, just like the red fish after a round around the bowl [2016-07-27 01:35:48] laisee : maybe he is a BOT [2016-07-27 01:36:30] laisee : sent from the past to provoke activity & controversy on the Troll box [2016-07-27 01:36:34] sleger : they dont make bot that dumb and real yet [2016-07-27 01:36:47] elmorte : Whoa, a ghost [2016-07-27 01:36:55] laisee : sleger: Eliza was pretty dumb [2016-07-27 01:37:12] laisee : sleger: back from the beach? [2016-07-27 01:37:49] elmorte : I'm sure he has Wi-Fi on his private beach [2016-07-27 01:38:17] sleger : who'd go on a beach without wifi ? [2016-07-27 01:38:38] elmorte : Poor ppl :/ [2016-07-27 01:39:12] laisee : 1st world tragedy ... slow wifi @ the beach [2016-07-27 01:41:00] elmorte : You'd want your Wifi to be fast enough for instagram and snapchat to soak up that free social media publicity [2016-07-27 01:41:05] elmorte : Unless your bitch is a POS [2016-07-27 01:41:10] elmorte : beach* [2016-07-27 01:41:40] sleger : insta, snpachat you must be born in the 90s [2016-07-27 01:43:37] muirtastic : and how is my entry price for my BTC short 659 and mark price is 649, yet I am down 7%? [2016-07-27 01:43:50] ggwp : magic [2016-07-27 01:44:05] ggwp : magic internet monies [2016-07-27 01:44:08] laisee : mathemetics [2016-07-27 01:47:42] muirtastic : I suppose I should understand everything better before trading on here, but not sure if that is even possible. [2016-07-27 01:47:48] odieoh : have you had the position open for a while? The entry price does not adjust at settlement (Your profit/loss does however) [2016-07-27 01:48:03] micmix : sleger: welcome back! [2016-07-27 01:48:18] muirtastic : I've had most of it open for a day but added another 10% to it today, I think [2016-07-27 01:48:43] BitMEX_Wally : muirtastic: Unrealised profit becomes realised every 24 hours and is moved into your wallet [2016-07-27 01:48:43] sleger : micmix: i have had to manage my open positions, but I have been trading only 10% of what I would have otherwise [2016-07-27 01:49:10] sleger : because they never offered any reasonable compensation from the money stolen from my account [2016-07-27 01:49:13] muirtastic : BitMEX_Wally: ok that's right. I actually knew that but forgot. My bad [2016-07-27 01:49:43] sleger : micmix: how have things been with you ? [2016-07-27 01:49:54] muirtastic : And I just have 2 BTC margin on that position yet I have twice that in my account, so why isn't that extra 2 BTC applied to that position as well so my liquidation price would be higher? [2016-07-27 01:50:32] BitMEX_Wally : muirtastic: Is the position leverage set to 'Cross'? [2016-07-27 01:50:46] muirtastic : Yes it is Cross [2016-07-27 01:52:22] BitMEX_Wally : Then the whole available balance is being used to keep the liquidation price as far away as possible. The margin amount in XBT shown on the position is the amount that's locked into it [2016-07-27 01:52:59] muirtastic : Ok that makes sense. Thank you. [2016-07-27 01:53:30] muirtastic : I was asking earlier why my ETC short would have been liquidated at a price that was higher than Poloniex was trading at the time [2016-07-27 01:53:51] micmix : sleger: not too bad, thanks. I'm not 100% comfortable with the swap either, funding is too unpredictable [2016-07-27 01:54:07] muirtastic : It peaked at .000430 during that time period yet, it looks like I was liquidated at .00450. how is that possible [2016-07-27 01:54:24] sleger : micmix: yes it works decently for btc (whatever xbt is) but it is completely random for the other instruments [2016-07-27 01:55:00] sleger : anyways, the design of it is intrinsically stupid [2016-07-27 01:55:48] sleger : did they ever justify why a 8 hour period was chosen ? [2016-07-27 01:56:18] sleger : maybe because it is the notice period before changing the perpetual contract to something else ? [2016-07-27 01:56:30] sleger : maybe tomorrow eth will become etc, by the way ... [2016-07-27 01:57:30] BitMEX_Wally : muirtastic: When a position is liquidated it is taken over at the bankruptcy price, i.e. you lose the maintenance margin [2016-07-27 01:57:45] micmix : I guess 8 hours to match the session length but basically it's just to make funding fees bigger [2016-07-27 01:57:53] jonny : BitMEX_Wally: 10% is unexpected [2016-07-27 01:58:02] micmix : and to be able to adjust them quicker [2016-07-27 01:58:03] jonny : 1% is enough like the other contracts [2016-07-27 01:58:16] muirtastic : BitMEX_Wally: what determines the bankruptcy price [2016-07-27 01:58:24] BitMEX_Wally : ETC moved 400% yesterday. 10% is conservative [2016-07-27 01:58:26] muirtastic : or if you can send me a link on here to read up about it, that'sf ine [2016-07-27 01:58:55] BitMEX_Wally : https://www.bitmex.com/app/liquidation [2016-07-27 01:58:59] jonny : 10% is completely http://orig00.deviantart.net/d4e7/f/2012/247/6/b/and_it_s_gone_by_celeith-d5div3y.jpg [2016-07-27 01:59:08] muirtastic : ok thanks [2016-07-27 01:59:16] sleger : micmix: there is no direct funding fees captured by bitmex. However maybe the arrangement with the "market maker" includes that [2016-07-27 01:59:45] sleger : I have seen some strong period of manipulation without any reason on the underlying asset [2016-07-27 01:59:47] jonny : BitMEX_Wally: and its nonsense to liquidate huge positions in a second causes by a single order on poloniex [2016-07-27 01:59:54] BitMEX_Wally : muirtastic: The initial margin and maintenance margin are on the contract specification: https://www.bitmex.com/app/contract/XBTUSD [2016-07-27 01:59:59] BitMEX_Wally : https://www.bitmex.com/app/contract/ETC42H [2016-07-27 02:00:07] BitMEX_Wally : https://www.bitmex.com/app/contract/ETC24H [2016-07-27 02:00:27] muirtastic : Thanks I will read up on it [2016-07-27 02:00:44] jonny : BitMEX_Wally: please have a look how much insurance the ETC really required and adjust the maintenance margin for the victims accordingly [2016-07-27 02:01:19] jonny : we count on you [2016-07-27 02:01:38] BitMEX_Wally : The insurance fund is to protect against DPE [2016-07-27 02:01:48] sleger : with etc the market was 10% off mark price almost all day, the contract just doesnt work when its like that [2016-07-27 02:02:42] jonny : BitMEX_Wally: i know [2016-07-27 02:02:57] BitMEX_Wally : There's no borrow market for ETC spot yet, so I am not sure how market makers are supposed to hedge a long ETC24H position [2016-07-27 02:03:41] sleger : just like that guy (nip/tuck) who complained about factum funding fees, most markets except btc are too thin/illiquid to work well with that and therefore occur unpredictable funding fees which make it impossible to carry any position there [2016-07-27 02:04:02] jonny : true, no borrow market, but 10% is completely unexpected [2016-07-27 02:04:30] jonny : i lost ~1.3 bitcoin because it was by mistake not cross margin [2016-07-27 02:05:01] jonny : it is a substantial portion of my bitcoin [2016-07-27 02:05:07] sleger : yeah the default to isolated margin here is a thing encountered nowhere else... [2016-07-27 02:05:08] jonny : 0.13 would have been bad enough [2016-07-27 02:05:11] BitMEX_Wally : The maintenance margin requirement for LSK is 20% [2016-07-27 02:05:38] elmorte : sleger: I wish. I have a younger sister though... [2016-07-27 02:05:58] BitMEX_Wally : All positions default to Cross margin [2016-07-27 02:06:14] jonny : please adjust ETC in retrospective, if the contract made positive contribution to the insurance [2016-07-27 02:06:24] BitMEX_Wally : But once you have set isolated margin, then it stays at isolated margin after the contract relists [2016-07-27 02:06:27] sleger : oh so you finally listened to another one of my suggestion from monthes ago ? @BitMEX_Wally [2016-07-27 02:06:49] BitMEX_Wally : sleger: I wouldn't want to stroke your ego, but this was changed a while ago [2016-07-27 02:07:11] sleger : but that's the first thing i ever said when i logged in here [2016-07-27 02:07:22] jonny : BitMEX_Wally: is the amount of insurance controbutions per contract public? [2016-07-27 02:07:39] sleger : BitMEX_Wally: next you are going to tell me you are moving to auto deleveraging ? [2016-07-27 02:07:53] micmix : sleger: I agree, when the spread is 1% and there is little liquidity, funding rate jumps all over the place. on XBTUSD it averages out to a reasonable rate over longer periods [2016-07-27 02:07:56] BitMEX_Wally : sleger: Yes we are :) [2016-07-27 02:08:02] sleger : BitMEX_Wally: ahahah [2016-07-27 02:08:07] sleger : seriously ? [2016-07-27 02:08:26] BitMEX_Wally : sleger: Yes, we are going to put it into testnet today [2016-07-27 02:08:32] sleger : micmix: swap on anything else besides btc is not working as is now [2016-07-27 02:08:54] sleger : BitMEX_Wally: lol, and did I also argue like crazy about it over a year ago ? [2016-07-27 02:09:17] BitMEX_Wally : sleger: You're a visionary [2016-07-27 02:09:30] sleger : and you guys cant even make right one mistake that cost me money to keep me here and help you... ? [2016-07-27 02:09:54] sleger : one mistake of yours btw [2016-07-27 02:09:55] elmorte : Fckin finex man... [2016-07-27 02:10:33] BitMEX_Wally : Where is rapidtrades? He'll be happy his bumchum is back [2016-07-27 02:10:44] jonny : BitMEX_Wally: is the amount of insurance contributions per contract public? [2016-07-27 02:10:55] jonny : / can we get it? [2016-07-27 02:11:05] BitMEX_Wally : jonny: The total amount is public, it gets updated after daily rebalance [2016-07-27 02:11:11] BitMEX_Wally : https://www.bitmex.com/app/insuranceFund [2016-07-27 02:11:19] jonny : yes but per contract [2016-07-27 02:12:01] BitMEX_Wally : Not at the moment [2016-07-27 02:12:11] sleger : BitMEX_Wally: you guys are clearly not visionary, otherwise you'd make a wrong right for someone who has told you 1 yeat ago everything you are doing now [2016-07-27 02:12:41] BitMEX_Wally : sleger: Our CEO spoke with you and you rejected whatever offer he made? [2016-07-27 02:12:58] sleger : yes that's correct, because they did not make any sense [2016-07-27 02:13:25] sleger : there was a clear loss, the offer was unrelated in any direct way, so rejected [2016-07-27 02:13:57] jonny : @BitMEX_Wally to make high maintenance margin (and possible reason) transparent. unrelated of it please consider the request to adjust the 10% and pay back most. [2016-07-27 02:14:54] BitMEX_Wally : jonny: The maintenance margin is very clearly stated on the contract specifications. Go to okc0in and try and work out what their maintenance margin is [2016-07-27 02:15:17] mrp1nk : ui, sleger - welcome back! [2016-07-27 02:15:48] sleger : BitMEX_Wally: And in the meantime you are seeing 10% of my business, my algo is stopped entirely (it paid almost 20btc in fees) [2016-07-27 02:16:40] ayy_lmao : damn son [2016-07-27 02:16:51] BitMEX_Wally : The volatility from Brexit has helped fill in the gaping hole you left [2016-07-27 02:16:55] jonny : BitMEX_Wally: but it is uncessarily high [2016-07-27 02:17:03] ayy_lmao : shit gettin' real in here [2016-07-27 02:18:36] sleger : BitMEX_Wally: there are 2 aspects of it, one is the fees paid, and that, an exchange can never have too much of [2016-07-27 02:18:48] sleger : 2. is the consequence of actions [2016-07-27 02:19:01] sleger : i typed "2" fyi [2016-07-27 02:20:16] BitMEX_Wally : I'm stepping into a meeting now, catch you later [2016-07-27 02:20:28] sleger : but it's ok I see that 1. is not really cared for, business of long lasting customers is easily replaced by new fishes [2016-07-27 02:27:51] REKT : Liquidated long on `ETC24H`: Sell 140 @ 0.003180 [2016-07-27 02:28:21] REKT : Liquidated long on `ETC24H`: Sell 200 @ 0.003160 [2016-07-27 02:31:38] bernx : rekt icoming! [2016-07-27 02:32:03] ayy_lmao : lenny face [2016-07-27 02:37:07] muirtastic : If only I watched my liquidation price better on my ETC short, I would have done well with it again. Oh well, don't trade when you are sleepy. That is the lesson here. [2016-07-27 02:39:06] REKT : Liquidated long on `ETC24H`: Sell 1468 @ 0.003105 [2016-07-27 02:39:19] muirtastic : ouch [2016-07-27 02:39:36] REKT : Liquidated long on `ETC24H`: Sell 700 @ 0.003068 [2016-07-27 02:40:07] REKT : Liquidated long on `ETC24H`: Sell 540 @ 0.003024 [2016-07-27 02:40:14] muirtastic : mine was just 300. I had a 4000 open earlier and didn't realize how dangerous it was until now. One spike in the price and I would have been rekt pretty bad myself [2016-07-27 02:40:43] muirtastic : But I basically threw away 1.2BTC by not paying attention. [2016-07-27 02:40:51] REKT : Liquidated long on `ETC24H`: Sell 70 @ 0.002966 [2016-07-27 02:41:06] REKT : Liquidated long on `ETC24H`: Sell 1 @ 0.002892 :punch: :whale: [2016-07-27 02:42:07] REKT : Liquidated long on `ETC24H`: Sell 1300 @ 0.002814 [2016-07-27 02:42:36] REKT : Liquidated long on `ETC24H`: Sell 11 @ 0.002765 [2016-07-27 02:42:40] muirtastic : Got to love cascading long margin calls when you have a short position [2016-07-27 02:43:54] lockhedge : is the main market maker gone on XBTUSD? [2016-07-27 02:44:13] lockhedge : hey @sleger, welcome back [2016-07-27 02:44:27] micmix : lockhedge: yep, was gone since finex shutdown [2016-07-27 02:45:12] micmix : coming back now [2016-07-27 02:46:27] micmix : *not gone, reduced size to 3k [2016-07-27 02:51:05] lockhedge : ah ok, already thought they sold all their btc and are now providing liquidity for etc :) [2016-07-27 02:51:49] micmix : lol [2016-07-27 02:54:11] bernx : haircut for hamsters [2016-07-27 02:54:12] bernx : in etc [2016-07-27 02:54:36] zanza : hey sleger are you tracking `ETC`? [2016-07-27 02:54:44] zanza : or trading even [2016-07-27 02:55:48] bernx : 840k trading volume in etc/eth, lol [2016-07-27 02:57:22] lockhedge : micmix: this guy claims to be the largest Bitcoin market maker https://twitter.com/maxboonen do you know him? [2016-07-27 02:58:43] micmix : lockhedge: nope, don't know him [2016-07-27 03:09:45] Rado : hey sleger is back [2016-07-27 03:09:51] Rado : welcome back sleger [2016-07-27 03:21:47] zanza : poloniex trollbox is going ham [2016-07-27 03:25:21] zanza : sleger is just back to chastise us [2016-07-27 03:26:37] Rado : lol [2016-07-27 03:26:43] Rado : I think he is back [2016-07-27 03:27:00] Rado : he just needs someone to tell him he is right and people will listen to him [2016-07-27 03:27:20] Rado : he is right if he is doing big % of the trading [2016-07-27 03:27:36] Rado : we love you sleger and we support you [2016-07-27 03:27:38] Rado : ;-) [2016-07-27 03:28:05] Rado : zanza: what's new? [2016-07-27 03:29:15] ayy_lmao : sleger is always right [2016-07-27 03:29:17] ayy_lmao : sleger is love [2016-07-27 03:29:19] ayy_lmao : sleger is life [2016-07-27 03:29:37] zanza : rado just watching this ETH disaster unfold [2016-07-27 03:29:44] Rado : me too [2016-07-27 03:30:14] Rado : I sold my ETC at 0.0014 and then was thinking of buying back at 0.008 but didn't [2016-07-27 03:30:22] Rado : I wish I did [2016-07-27 03:30:55] Rado : also missed the short over 0.0040 [2016-07-27 03:31:11] Rado : not enough time in front of the PC [2016-07-27 03:31:19] Rado : to catch this moves [2016-07-27 03:33:13] muirtastic : Yes same here...was sick and slept too much last night and missed much of the move, although I did nail one good short at .0400. That was my best trade of the day. [2016-07-27 03:33:29] muirtastic : But yes no substitute for eyes glued to monitors [2016-07-27 03:33:40] Rado : muirtastic: cool [2016-07-27 03:33:51] Rado : rapidtrades not here? [2016-07-27 03:34:01] Rado : I hope he is catching this YEN move [2016-07-27 03:34:09] muirtastic : I missed the entire run up...still kicking myself over that one [2016-07-27 03:35:25] Rado : muirtastic: sometimes it's hard to remove the mind preconceptions and follow the market [2016-07-27 03:35:44] Rado : follow the trend and set a stop [2016-07-27 03:35:53] Rado : it work great when a move is happening [2016-07-27 03:36:58] bernx : any predictions for etc? [2016-07-27 03:40:10] Rado : it depends on what will happen with mining and support of the chain [2016-07-27 03:40:36] Rado : it could crash really hard or it could keep climbing slowly [2016-07-27 03:40:38] Rado : imo [2016-07-27 03:41:18] muirtastic : Rado: Yes best trades seem to be when listening to the market and in tune with it and then course of action is clear [2016-07-27 03:41:38] migz : probably 0.01 :) [2016-07-27 03:42:06] Rado : I will short a lot of it goes to 0.01 [2016-07-27 03:48:51] REKT : Liquidated short on `ETHXBT`: Buy 9 @ 0.01901 [2016-07-27 03:56:53] bernx : wow [2016-07-27 03:56:55] bernx : it was not me [2016-07-27 03:56:56] bernx : good [2016-07-27 04:02:21] REKT : Liquidated long on `ETC24H`: Sell 400 @ 0.002650 [2016-07-27 04:03:51] REKT : Liquidated long on `ETC24H`: Sell 440 @ 0.002607 [2016-07-27 04:04:51] REKT : Liquidated long on `ETC24H`: Sell 300 @ 0.002515 [2016-07-27 04:07:06] REKT : Liquidated short on `ETHXBT`: Buy 10 @ 0.01923 [2016-07-27 04:29:37] ayy_lmao : looks like market maker was happy with the etc dump, premium is gone [2016-07-27 04:35:17] REKT : Liquidated long on `XBTUSD`: Sell 10000 @ 647.43 [2016-07-27 04:35:17] REKT : Liquidated long on `XBTUSD`: Sell 61 @ 647.39 [2016-07-27 05:06:17] elmorte : Any update on the finex ETC listing? [2016-07-27 05:08:38] migz : coming soon. [2016-07-27 05:12:53] REKT : Liquidated short on `ETC24H`: Buy 5783 @ 0.003347 [2016-07-27 05:13:25] ayy_lmao : rekt [2016-07-27 05:14:45] migz : that was fast [2016-07-27 05:21:18] elmorte : ETC past 700GHz [2016-07-27 05:21:21] elmorte : GH/s [2016-07-27 05:42:53] elmorte : @mrp1nk https://poloniex.com/press-releases/2016.07.26-responses-to-common-etc-questions/ [2016-07-27 06:06:28] mrp1nk : cool thx [2016-07-27 06:15:40] mrp1nk : hmmm... still unsure what to think about etc. that the hashrate increased sounds greats, at the same time the buy side on polo shrinked to 4k btc. hmmm... [2016-07-27 06:20:03] mrp1nk : my bet is still that it will dip more, but i'm not shorting this time [2016-07-27 06:26:11] mrp1nk : someone definitely unloading some bags right now [2016-07-27 06:26:20] elmorte : Yeah, hash rate is worrying me...keeps varying [2016-07-27 06:27:37] mrp1nk : 20% is quite strong [2016-07-27 06:28:29] mrp1nk : also remember what happened to eth when finex added it? [2016-07-27 06:28:38] elmorte : No, remind me? [2016-07-27 06:28:48] elmorte : There was a pre-pump [2016-07-27 06:28:50] elmorte : at Polo [2016-07-27 06:28:55] elmorte : then a dump, right? [2016-07-27 06:29:24] elmorte : Either way I don't remember making money :) [2016-07-27 06:31:30] mrp1nk : it was at march 14th [2016-07-27 06:32:01] mrp1nk : basically at the top of the first eth bubble [2016-07-27 06:33:07] rapidtrades : guya [2016-07-27 06:33:09] rapidtrades : guys [2016-07-27 06:33:09] elmorte : ATH on Polo... [2016-07-27 06:33:19] mrp1nk : yup [2016-07-27 06:34:03] mrp1nk : rapidtrades: sledger appeared tonight [2016-07-27 06:34:09] elmorte : but...BUT...finex didn't create any funds... [2016-07-27 06:34:13] elmorte : that time [2016-07-27 06:34:45] elmorte : I don't know which way that's gonna swing, it went all wrong on Polo as we can see from ETC listing [2016-07-27 06:35:05] elmorte : yeah @rapidtrades ....didn't mention you once. Classic sleger [2016-07-27 06:36:22] rapidtrades : dam...lemme see [2016-07-27 06:37:22] elmorte : Wally mentioned you though [2016-07-27 06:37:51] elmorte : I think the word was "bumchum" [2016-07-27 06:38:43] elmorte : ETC MM must know something we don't... [2016-07-27 06:40:07] mrp1nk : why [2016-07-27 06:40:10] rapidtrades : dam he didn't mention me once..classic sleger [2016-07-27 06:40:13] elmorte : It [2016-07-27 06:40:32] mrp1nk : sledger was sledgering as always [2016-07-27 06:40:37] elmorte : it is still selling 8% below indicative settlement price [2016-07-27 06:40:37] rapidtrades : http://www.urbandictionary.com/define.php?term=bum%20chum [2016-07-27 06:40:56] rapidtrades : wally basically called me gay :( [2016-07-27 06:41:01] elmorte : I could deduce enough from bum and chum :) [2016-07-27 06:41:21] mrp1nk : rapidtrades: lol