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<< >> English 中文 Русский 한국어 日本語 Español Français [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 [2016-07-27 06:42:53] elmorte : Just to clarify...the settlement is based on index price, not orderbook, correct? It's been a while... [2016-07-27 06:44:03] rapidtrades : i think so [2016-07-27 06:44:12] rapidtrades : u never know at this place tho [2016-07-27 06:44:25] BitMEX_Arthur : elmorte: Yes the underlying index price [2016-07-27 06:44:49] BitMEX_Arthur : all the settlement details are on the Contract Description page for each product [2016-07-27 06:44:50] elmorte : Cheers boss [2016-07-27 06:46:22] elmorte : BitMEX_Arthur: you'd know what time finex is listing, right? [2016-07-27 06:48:25] elmorte : I wouldn't be so worried with a swap, but don't wanna get screwed by settlement [2016-07-27 06:48:52] BitMEX_Arthur : elmorte: I don't know when finex is listing [2016-07-27 06:49:11] elmorte : are you winking right now? [2016-07-27 06:49:14] BitMEX_Arthur : Let me try and find out [2016-07-27 06:49:21] elmorte : cheeeers :) [2016-07-27 07:13:00] rapidtrades : it's calm in bitcoin land....too calm [2016-07-27 07:34:51] mrp1nk : always calm before the store [2016-07-27 07:35:25] mrp1nk : daily volume declining, should get some big moves soonish [2016-07-27 07:42:54] odieoh : on the ETC24h, do open orders get cancelled at expiry? [2016-07-27 07:46:32] ZeroDeth : buy eth now or higher [2016-07-27 07:46:58] ZeroDeth : maybe need to wait [2016-07-27 07:47:00] mrp1nk : odieoh: yes [2016-07-27 07:47:12] odieoh : ty [2016-07-27 07:56:48] mrp1nk : elmorte: last thing i heard regarding the addition of etc to findex was 12 utc [2016-07-27 07:57:02] ayy_lmao : bitmex etc market a huge success, shoutout to the bitmex team [2016-07-27 07:58:11] BitMEX_Arthur : ayy_lmao: :smile: [2016-07-27 08:37:05] mrp1nk : kraken added etc [2016-07-27 08:37:32] mrp1nk : at least it is available in the menu [2016-07-27 08:39:11] mrp1nk : also books are filling [2016-07-27 08:39:23] mrp1nk : so looks as if it can be traded there now [2016-07-27 08:41:07] mrp1nk : etc also hitting agains the upper triangle line [2016-07-27 08:44:57] mrp1nk : witing for a break of 370k for confirmation [2016-07-27 08:53:11] mrp1nk : not touching it [2016-07-27 08:53:31] mrp1nk : could dump to hell right here [2016-07-27 09:02:22] elmorte : mrp1nk: thanks. Same as eth listing time irc [2016-07-27 09:31:47] mrp1nk : yo [2016-07-27 09:32:07] REKT : Liquidated long on `ETC24H`: Sell 100 @ 0.003215 [2016-07-27 09:37:52] REKT : Liquidated short on `ETHXBT`: Buy 150 @ 0.01912 [2016-07-27 09:47:06] elmorte : yo [2016-07-27 09:48:44] mrp1nk : so the question is whether this is just a dip ppl selling the news [2016-07-27 09:48:50] mrp1nk : +or [2016-07-27 09:52:38] elmorte : Well..ETH spiked up. [2016-07-27 09:52:42] elmorte : I [2016-07-27 09:53:03] elmorte : I'm looking to reduce exposure here...spot I'm ok with. [2016-07-27 09:55:10] elmorte : 12 UTC will be the decider I reckon... [2016-07-27 09:55:36] mrp1nk : it could go down to something between 260k and 280k [2016-07-27 09:57:10] mrp1nk : buying a little bit there on polo [2016-07-27 09:58:20] elmorte : yeah, I have a high entry at polo :( [2016-07-27 09:58:38] REKT : Liquidated short on `ETHXBT`: Buy 7470 @ 0.01985 [2016-07-27 09:59:26] mrp1nk : seems logical that eth whales are pumping it right now [2016-07-27 09:59:36] elmorte : how so? [2016-07-27 09:59:54] mrp1nk : to sustain confidence in eth [2016-07-27 10:00:15] elmorte : that's more of a long term issue/commitment imo [2016-07-27 10:00:37] elmorte : I think they should swallow their pride and work with the other chain [2016-07-27 10:00:51] mrp1nk : well, it would be really bad if eth drops more and ppl start to buy etc instead [2016-07-27 10:01:22] elmorte : that's true, but all them eth whales are prob etc whales too [2016-07-27 10:01:33] mrp1nk : true [2016-07-27 10:02:12] Mangalica : Kraken and Finex are coming online with ETC here is the opportunity for ETH whales to set the tone [2016-07-27 10:02:32] mrp1nk : but at least to some extent the distribution changed since many ethheads dumped their etc instantly on sunday [2016-07-27 10:02:40] Mangalica : the chart is the narrative [2016-07-27 10:02:41] Mangalica : yeah [2016-07-27 10:02:48] elmorte : mrp1nk: and I'm glad for that [2016-07-27 10:03:06] mrp1nk : that they dumped? [2016-07-27 10:03:42] mrp1nk : it could be an historical error if etc really overtakes eth [2016-07-27 10:04:12] Jj4REAL : like hitler invading russia? [2016-07-27 10:04:47] mrp1nk : exactly, like winter 1943 [2016-07-27 10:05:28] Jj4REAL : Vitaliks barbarosa [2016-07-27 10:06:21] mrp1nk : what really wonders me is that they are still in fully denial that the hardfork for the reason of bailout was an big mistake [2016-07-27 10:07:49] Jj4REAL : hasnt help me trade eth tho [2016-07-27 10:08:05] mrp1nk : trading eth is really hard [2016-07-27 10:08:26] Jj4REAL : i want to short, but will just squeeze as soon as I enter [2016-07-27 10:08:43] mrp1nk : the hard fork was such a fucking beartrap [2016-07-27 10:08:54] mrp1nk : i was also planning to short it [2016-07-27 10:09:19] Jj4REAL : yeah I called it but got liquidated by 0.001 before the bounce [2016-07-27 10:10:51] elmorte : mrp1nk: yes. But mainly because they don't have the dumping power at this moment [2016-07-27 10:11:10] mrp1nk : who and dump what? [2016-07-27 10:11:27] Jj4REAL : whales and etc? [2016-07-27 10:11:30] elmorte : 18:02 - elmorte: mrp1nk: and I'm glad for that 18:03 - mrp1nk: that they dumped? [2016-07-27 10:11:58] mrp1nk : ah ;-) [2016-07-27 10:12:06] REKT : Liquidated long on `ETC24H`: Sell 500 @ 0.003074 [2016-07-27 10:12:07] elmorte : they dumped themselves out of the game early...hopefully. Who knows how many actually did [2016-07-27 10:12:26] mrp1nk : really a bad decision [2016-07-27 10:12:45] mrp1nk : and lol fucking lol they even bought eth with that [2016-07-27 10:14:03] mrp1nk : facepalm ^3 [2016-07-27 10:14:25] mrp1nk : i'm in the eth trader telegram group [2016-07-27 10:14:40] mrp1nk : there you can learn what confirmation bias means [2016-07-27 10:17:40] elmorte : I'm not gonna lie, I bought back eth after the fork, and when polo listed etc I thought this ain't good... [2016-07-27 10:18:21] elmorte : I didn't care about the internal squabbles but it was affecting the value of my investment [2016-07-27 10:18:23] mrp1nk : are you in the tg group too? [2016-07-27 10:18:38] elmorte : I was in one of them...not specifically eth one [2016-07-27 10:19:01] elmorte : I've yet to reinstall tg on my phone... [2016-07-27 10:19:47] mrp1nk : the thing is that i was telling them not to do that [2016-07-27 10:20:08] elmorte : what reason did you give them? [2016-07-27 10:20:51] mrp1nk : that they should wait and see how this develops [2016-07-27 10:21:20] elmorte : different kinda fomo I guess... [2016-07-27 10:21:28] elmorte : I didn't have the foresight for it... [2016-07-27 10:22:06] mrp1nk : i was just warning them that the possibility exists that the end up on the wrong chain [2016-07-27 10:23:17] elmorte : Yeah, Eth seemed invincible after blocok 1920000 though. Same reason I bought back in... [2016-07-27 10:33:37] REKT : Liquidated short on `ETHXBT`: Buy 300 @ 0.02000 [2016-07-27 10:33:37] REKT : Liquidated short on `ETHXBT`: Buy 400 @ 0.02000 [2016-07-27 10:37:07] REKT : Liquidated short on `ETHXBT`: Buy 2000 @ 0.02021 [2016-07-27 10:39:40] elmorte : mrp1nk: you and @jung1 called it yesterday though...even when ETC was at 1900 [2016-07-27 10:41:28] elmorte : I fomoed at 1950, sold at 2000, lol... [2016-07-27 10:43:00] macios15 : eth very spiky [2016-07-27 10:43:18] elmorte : spite is a strong fuel [2016-07-27 10:52:28] muirtastic : I'm glad i covered ETH short at 186 yesterday [2016-07-27 10:52:38] muirtastic : I thought was too early but apparently not [2016-07-27 11:01:58] elmorte : Yeah, I thought it would go lower too [2016-07-27 11:12:55] elmorte : Is the Kraken UI supposed to be horrible or am I doing it wrong? [2016-07-27 11:25:28] justinlooking : it's jank [2016-07-27 11:29:15] mrp1nk : https://twitter.com/bitfinex/status/758253419752742912 [2016-07-27 11:29:45] elmorte : oooh... [2016-07-27 11:30:37] elmorte : Kraken's trading at a discount to Polo...but they haven't enabled deposits/withdrawals yet from what I understand [2016-07-27 11:31:19] elmorte : There'a gotta be a massive dump as soon as finex goes live, no? [2016-07-27 11:31:44] mrp1nk : is assume that [2016-07-27 11:31:44] elmorte : "free money" [2016-07-27 11:32:27] mrp1nk : well we are already witnessing it [2016-07-27 11:32:43] mrp1nk : the question now is how deep it will go [2016-07-27 11:37:09] mrp1nk : respectively whether that big triangle breaks down [2016-07-27 11:40:28] elmorte : yeah, where to catch it is the question [2016-07-27 11:40:44] mrp1nk : wouldn't short it here [2016-07-27 11:40:59] elmorte : oh no, I'm all closed here [2016-07-27 11:41:07] mrp1nk : too risky, also settlement is close [2016-07-27 11:41:21] elmorte : Didn't make as much as I lost on ETH drop, but it's alright [2016-07-27 11:45:28] elmorte : So the DAO attacker already has his ETC? [2016-07-27 11:45:38] elmorte : My google fu is failing me... [2016-07-27 11:53:41] mrp1nk : possible, but don't know [2016-07-27 11:53:45] mrp1nk : i'm out, cya [2016-07-27 11:55:06] fineregex : why is factom so short? [2016-07-27 11:55:09] fineregex : bad news? [2016-07-27 12:16:43] RoftheN : Yes [2016-07-27 12:18:46] ersagun : Guys, why did my ETC order got closed? It wasn't liquidated and I didn't have any stop orders [2016-07-27 12:19:59] ayy_lmao : settlement [2016-07-27 12:20:23] ersagun : But my FCT order is still open after 2 days? How come only ETC is settled at 12:00? [2016-07-27 12:20:35] ayy_lmao : its a different type of contract [2016-07-27 12:20:42] ayy_lmao : there is no funding or swaps on etc [2016-07-27 12:20:58] ayy_lmao : https://www.bitmex.com/app/contract/ETC24H [2016-07-27 12:21:28] jung1 : ersagun: etc is 24h [2016-07-27 12:21:34] jung1 : fct is perpetual [2016-07-27 12:21:50] ersagun : Ahh, sorry. Just noticed that.. Thanks guys. [2016-07-27 12:21:51] jung1 : damn ect 158k volume [2016-07-27 12:24:26] ersagun : Asking this is as a total novice; as it's known when that contract is gonna close, wouldn't people just manipulate the market, totally uncorrelated with actual ETC price? [2016-07-27 12:25:22] zanza : why nto make ETC perpetual ? [2016-07-27 12:25:24] ayy_lmao : the price settles on the index [2016-07-27 12:25:39] ayy_lmao : which is weighted by poloniex [2016-07-27 12:27:21] elmorte : Time Weighted Average Price of the last 30 min of the index...so you'd have to manipulate Polo to manipulate the settlement here [2016-07-27 12:27:57] elmorte : zanza: they're waiting to see if it'll last, plus something about not being able to calc funding... [2016-07-27 12:27:58] ersagun : ayy_lmao: Thanks :-) [2016-07-27 12:30:16] elmorte : ersagun: did you make money? [2016-07-27 12:36:34] jung1 : https://twitter.com/desantis/status/758104013766266881 [2016-07-27 12:49:07] wingman : Panic [2016-07-27 12:49:11] wingman : Is all over [2016-07-27 12:49:16] wingman : Panic panic [2016-07-27 12:49:36] wingman : still working? [2016-07-27 12:49:44] wingman : The Double machine [2016-07-27 12:51:17] ersagun : elmorte: not really. lost a tiny bit but I'm just testing&learning Bitmex anyway [2016-07-27 12:54:09] jung1 : dunno [2016-07-27 12:54:17] jung1 : seems like they already fixed it