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

<<  >>  English  中文  Русский  한국어  日本語  Español  Français 
[2016-08-03 01:16:54] j8 : BitMEX_Arthur: not the case, i'll email you
[2016-08-03 01:19:44] little_cock : hi k8
[2016-08-03 01:19:48] little_cock : j8
[2016-08-03 01:19:50] little_cock : @j8
[2016-08-03 01:19:56] little_cock : j8: hello
[2016-08-03 01:20:05] j8 : hey, did you change your name
[2016-08-03 01:20:16] little_cock : not unless I get excited
[2016-08-03 01:20:35] little_cock : :p
[2016-08-03 01:20:42] bittroll : so what would it be than
[2016-08-03 01:21:02] little_cock : shutup buttroll, i'll report you
[2016-08-03 01:22:51] REKT : Liquidated short on `ETC7D`: Buy 300 @ 0.005197
[2016-08-03 01:23:06] REKT : Liquidated short on `ETC7D`: Buy 1904 @ 0.005249
[2016-08-03 01:23:52] REKT : Liquidated long on `ETHXBT`: Sell 300 @ 0.01718
[2016-08-03 01:23:52] REKT : Liquidated short on `ETC7D`: Buy 600 @ 0.005328
[2016-08-03 01:26:36] REKT : Liquidated long on `ETC7D`: Sell 18 @ 0.005154
[2016-08-03 01:26:52] REKT : Liquidated long on `ETHXBT`: Sell 4 @ 0.01673 :punch: :whale:
[2016-08-03 01:27:37] REKT : Liquidated short on `ETHXBT`: Buy 1400 @ 0.01684
[2016-08-03 01:30:17] funcakes : woot
[2016-08-03 01:30:58] little_cock : omg I lost my ass
[2016-08-03 01:31:31] 1QaZxSw2 : tge mark price is 538 but the bid/ask is 530/532?
[2016-08-03 01:32:07] little_cock : yes
[2016-08-03 01:32:30] BitMEX_Sam : 1QaZxSw2: That's based on the index
[2016-08-03 01:32:43] BitMEX_Sam : Since BFX is down it's Stamp/OKC
[2016-08-03 01:33:52] little_cock : admins, how do I change my name. I thought I was typing a google search and my mouse was accidentally typing in my username instead. woops.
[2016-08-03 01:34:26] BitMEX_Sam : Simple mistake.
[2016-08-03 01:34:34] BitMEX_Sam : Just tell me what you want it to be & I'll amend.
[2016-08-03 01:34:40] little_cock : happens all the time right
[2016-08-03 01:35:01] little_cock : I want you to name me, anything you want to call me? go for it. I think anything is better then my google search
[2016-08-03 01:35:03] little_cock : mishap
[2016-08-03 01:35:09] lockhedge : so let's hard fork and bail out finex
[2016-08-03 01:38:28] BitMEX_Sam : Okay, you're good to go
[2016-08-03 01:38:30] dharmabum : BitMEX_Sam: Hey Sam, what's the difference between Cross and 1x? Is cross just like margin automatically linked to main balance rather than allocated to a specific position?
[2016-08-03 01:38:47] BitMEX_Sam : dharmabum: Cross uses full balance, 1x uses an amount of balance equal to the position's value
[2016-08-03 01:39:07] BitMEX_Sam : e.g. imagine going short at 500. If the price went to 1000 on 1x, you'd be bankrupt, but on Cross, not necessarily
[2016-08-03 01:39:09] tiny_knob : :-)
[2016-08-03 01:39:14] tiny_knob : LMAO
[2016-08-03 01:39:24] tiny_knob : much better
[2016-08-03 01:39:26] tiny_knob : thank you sir
[2016-08-03 01:39:54] magneto : Can somebody explain me why the Liq. price is changing by itself?
[2016-08-03 01:40:02] dharmabum : BitMEX_Sam: Thanks. So cross essentially exposes full balance to all open cross positions...?
[2016-08-03 01:40:09] BitMEX_Sam : Yes
[2016-08-03 01:40:27] BitMEX_Sam : magneto: Do you have multiple positions open and/or on Cross margining?
[2016-08-03 01:40:30] dharmabum : BitMEX_Sam: Awesome, thanks. Just double-checking.
[2016-08-03 01:40:32] miramm1115 : interesting, so apparently BitGo signed 120k BTC transactions without rising and red flags
[2016-08-03 01:40:40] BitMEX_Sam : "Oops."
[2016-08-03 01:40:40] miramm1115 : *any
[2016-08-03 01:40:48] magneto : BitMEX_Sam: no, only one position.
[2016-08-03 01:40:54] dharmabum : miramm1115: really? major fuckupp
[2016-08-03 01:41:11] BitMEX_Sam : magneto: I'll check with Wally, there are some factors that can influence that but I agree it's not intuitive
[2016-08-03 01:41:19] BitMEX_Sam : He will be around shortly, traveling at the moment
[2016-08-03 01:41:29] miramm1115 : yep, that's what it looks like according to zanet
[2016-08-03 01:41:41] dharmabum : miramm1115: oops looks like I got censored. That'll teach me!
[2016-08-03 01:42:12] lockhedge : miramm1115: according to their contract with finex, they sign everything finex signs. bitgo was used as regulatory concept to comply with CFTC, not as a security concept
[2016-08-03 01:43:21] miramm1115 : well even in this case I would assume they had some checks in place, doesn't look good for BitGo as a security company
[2016-08-03 01:44:05] lockhedge : bitgo is great if you use it correctly, their co-signing prevents double spending, nothing else. but great for instant otc trades
[2016-08-03 01:45:43] 1QaZxSw2 : BitMEX_Sam: Can you also please change my name to omicron?
[2016-08-03 01:46:53] BitMEX_Sam : I live to serve
[2016-08-03 01:48:12] miramm1115 : even a simple text to finex admins alerting them of unusual activity would have helped. I'm sure BitGo was fully aware of how finex implemented integration
[2016-08-03 01:49:32] dharmabum : BitMEX_Sam: Is Kaiko a consolidated feed?
[2016-08-03 01:49:38] dharmabum : BitMEX_Sam: Looks like it.
[2016-08-03 01:50:56] tiny_knob : BitMEX_Sam: can we be friends?
[2016-08-03 01:51:45] tiny_knob : BitMEX_Sam: I kind alike what you named me, Im thinking we share the same search history <3
[2016-08-03 01:52:25] tiny_knob : and you like server <3
[2016-08-03 01:52:26] tiny_knob : <3
[2016-08-03 01:52:55] tiny_knob : serve
[2016-08-03 01:53:02] guembesn : emal from support guys ?
[2016-08-03 01:53:06] tiny_knob : to serve, fml <3
[2016-08-03 01:53:13] guembesn : Bitmex_Sam ?
[2016-08-03 01:53:29] BitMEX_Sam : guembesn: What is your question?
[2016-08-03 01:54:00] guembesn : I got margin called at 0.0041 on ETC7USD
[2016-08-03 01:54:20] guembesn : The market only got as low as 0.0043
[2016-08-03 01:54:41] guembesn : ETC7D
[2016-08-03 01:56:38] guembesn : Can you please take a look ?
[2016-08-03 01:57:29] BitMEX_Greg : guembesn: Hi can you please put in a support ticket, I'll take a look now
[2016-08-03 01:58:29] guembesn : what is your email for the support ?
[2016-08-03 01:58:43] tiny_knob : omg -30% shorting etc :-(
[2016-08-03 01:58:46] tiny_knob : it has to go down
[2016-08-03 01:58:47] tiny_knob : not up
[2016-08-03 01:58:48] tiny_knob : down
[2016-08-03 01:58:54] lockhedge : miramm1115: bitfinex is the place where manual review / real-time auditing should happen, don't know if bitgo even offers this service. but agree that it wouldn't look good if bitgo was aware about their "security" concept
[2016-08-03 01:59:46] tiny_knob : wheres the guy with the stolen millions to dump on it already
[2016-08-03 01:59:48] tiny_knob : :-(
[2016-08-03 01:59:51] rapidtrades : how does withdrawing 120k not trigger flags
[2016-08-03 02:00:03] tiny_knob : oh man, is that how much they lost?
[2016-08-03 02:00:03] rapidtrades : did they just assume their limits will not be bypassed
[2016-08-03 02:00:09] tiny_knob : in the hack
[2016-08-03 02:01:17] rapidtrades : yes
[2016-08-03 02:02:22] BitMEX_Greg : guembesn: https://www.bitmex.com/sso/freshdesk
[2016-08-03 02:03:04] tiny_knob : oh man
[2016-08-03 02:03:07] chromaticcr1 : LTC... what da fak
[2016-08-03 02:05:17] REKT : Liquidated short on `XBTUSD`: Buy 23199 @ 536.37 **MEGA-REKT** :boom:
[2016-08-03 02:05:18] rapidtrades : im not a tech guy but shouldn't an exchange have several layers of security and flags
[2016-08-03 02:05:29] rapidtrades : how do u bypass this shit
[2016-08-03 02:05:58] johndoe : either total incompetence or inside job i think
[2016-08-03 02:06:36] johndoe : such a horrible day
[2016-08-03 02:06:51] lockhedge : exit scam
[2016-08-03 02:07:34] miramm1115 : if finex was completely compromised (access to all dbs, keys, source code etc.) all automatic checks on their side are easily bypassed
[2016-08-03 02:07:47] rapidtrades : i guess their flag was $70 million
[2016-08-03 02:07:50] rapidtrades : lol
[2016-08-03 02:07:52] aethlios : I would like to see a haircut to btc holders and an equivalent amount as rebate for free commission if you keep trading in finex as an old hacked customer.
[2016-08-03 02:08:07] rapidtrades : finex is gone man
[2016-08-03 02:08:27] rapidtrades : only question is when do we get our money and how much
[2016-08-03 02:08:50] rapidtrades : could be years if authorities get involved
[2016-08-03 02:08:52] miramm1115 : that's why you use third party security or manual withdrawals like on BitMEX
[2016-08-03 02:09:17] rapidtrades : still bit shocked they didn't have cold storage...
[2016-08-03 02:09:24] rapidtrades : and now its on bloomberg
[2016-08-03 02:09:29] rapidtrades : f us
[2016-08-03 02:11:50] lockhedge : we all saw enough red flags in the last 12 month to decide not to trade there
[2016-08-03 02:13:00] johndoe : hard to find a silver lining in any of this except should help bitmex liquidity over time. glad i moved most of my funds out of finex during their last outage. But still lost some btc that i used for arbitrage
[2016-08-03 02:13:41] johndoe : there were red flags for sure - especially that outage a month ago, but still, they weren't Gox-level red flags.
[2016-08-03 02:13:49] muirtastic : What time does the "withheld profit" go back to my Available Balance? Is that in about 10 hrs?
[2016-08-03 02:15:10] j8 : there are red flags on pretty much every exchange these days unfortunately
[2016-08-03 02:15:32] muirtastic : > johndoe Yes this is great for trading on Bitmex. Got to think will be a flood of new accounts on here. This is my new goto exchange now after the Finex debacle.
[2016-08-03 02:16:03] miramm1115 : the problem is that we don't have any good options for any sizable amounts
[2016-08-03 02:16:29] lockhedge : johndoe: i still suspect that their several outages during sharp market moves was to prevent cascading margin calls
[2016-08-03 02:17:01] muirtastic : Yes Bitfinex seemed to slow down trading and not allow a natural market when it was especially volatile.
[2016-08-03 02:17:12] miramm1115 : if finex is gone I will be very uncomfortable with 75% of trading capital on okc
[2016-08-03 02:17:35] miramm1115 : but there is no other choice
[2016-08-03 02:19:35] johndoe : yah, the timing of the outages was definitely suspicious.
[2016-08-03 02:19:48] lockhedge : miramm1115: let's make bitmex the most liquid market
[2016-08-03 02:20:36] REKT : Liquidated short on `ETC7D`: Buy 800 @ 0.005525
[2016-08-03 02:20:55] miramm1115 : won't help, need spot to hedge big positions anyway
[2016-08-03 02:21:22] miramm1115 : plus fiat withdrawals
[2016-08-03 02:22:05] guembesn : The timing of their outage is always suspicious
[2016-08-03 02:25:01] miramm1115 : such a shitty situation for bitcoin :-(
[2016-08-03 02:25:02] lockhedge : miramm1115: aren't futures markets usually more liquid than spot markets? you don't need spot the hedge. you are good as long as there is enough liquidity to withdraw your profits
[2016-08-03 02:27:38] johndoe : such a bizarre week with ETC and now this. Definitely doesn't inspire confidence in crypto amongst the average person
[2016-08-03 02:28:24] johndoe : although i think ETC-ETH issue will work itself out just fine and BTC network is fine obviously
[2016-08-03 02:28:56] miramm1115 : you can hedge long position using inverse futures but not the short position. you will have to run long-only MM on all spot markets essentially halving your delta range
[2016-08-03 02:29:41] tiny_knob : bitcoin might fork to give biffinex their money
[2016-08-03 02:29:46] tiny_knob : or we should start bitcoin classic
[2016-08-03 02:29:48] miramm1115 : plus you have to account for DPE/clawbacks
[2016-08-03 02:29:51] tiny_knob : fork to save biffinex
[2016-08-03 02:31:19] lockhedge : miramm1115: you could have your optimal inventory at 1x short instead of 0 contracts
[2016-08-03 02:32:28] miramm1115 : well yes but that means you always have to pay for hedge and have more marging
[2016-08-03 02:32:31] miramm1115 : *margin
[2016-08-03 02:35:57] miramm1115 : anyway, I'll figure out something even if finex is gone. it's not the end of the world :-) (btw it's micmix if you haven't figured it our already)
[2016-08-03 02:37:46] tiny_knob : i saw some users loaning 3million+ on biffinex
[2016-08-03 02:37:48] tiny_knob : feel bad for them
[2016-08-03 02:38:53] johndoe : seriously. such a shame.
[2016-08-03 02:40:22] johndoe : finally really sinking in for me. I don't know whether to be angry or sad. fFing bitfinex
[2016-08-03 02:40:33] tiny_knob : i only lost 2k
[2016-08-03 02:40:44] tiny_knob : at least, good thing it didnt happen a month ago
[2016-08-03 02:41:13] lockhedge : miramm1115: wish you a fast recovery from finex
[2016-08-03 02:41:42] johndoe : pretty similar to my situation. lost about 4k - i was short but i guess that doesnt matter. But i also took out about five times that after the last outage a month ago
[2016-08-03 02:42:02] miramm1115 : it's going to be pretty bad, I had a big chunk of trading capital on finex
[2016-08-03 02:42:17] miramm1115 : thanks lockhedge
[2016-08-03 02:42:40] johndoe : such a betrayal of trust - their FAQ was such BS - it mentions cold storage, but now they say they only used cold storage for ETH.
[2016-08-03 02:42:44] lockhedge : miramm1115: thought you were mainly on okc :(
[2016-08-03 02:43:04] miramm1115 : yes, okc would've been much works :-)
[2016-08-03 02:43:09] miramm1115 : * worse
[2016-08-03 02:43:17] miramm1115 : stupid autocorrect
[2016-08-03 02:47:53] lockhedge : is there any place where you can see the YTD trade volume of finex, should be relatively easy to estimate their 2016 revenue and how much capital they have
[2016-08-03 02:49:00] johndoe : i imagine most of that capital is going to go to lawyers and consultants, but maybe thats just being cynical.
[2016-08-03 02:49:42] johndoe : i think there's just no way they can recover in any meaningful way.
[2016-08-03 02:49:43] chromaticcr1 : anyone knows how the ltcbtc premium is calculated currently?
[2016-08-03 02:49:54] j8 : lockhedge: try http://data.bitcoinity.org/markets/volume/6m?c=c&exchange=bitfinex&t=a
[2016-08-03 02:50:11] lockhedge : their user database alone is also worth some % of the stolen funds, if e.g. kraken buys it (quick)
[2016-08-03 02:50:28] lockhedge : j8: thx
[2016-08-03 02:50:28] j8 : shows 4.40M btc volume over the last 6 months
[2016-08-03 02:53:56] johndoe : yeah, i suppose, but not sure if that'd violate privacy agreements or some other legal issue
[2016-08-03 02:55:07] BitMEX_Greg : chromaticcr1: Take a look at : https://www.bitmex.com/app/contract/LTCXBT
[2016-08-03 02:55:33] BitMEX_Greg : Under the funding calculation
[2016-08-03 03:10:58] dharmabum : BitMEX_Greg: Hey Greg, why under Open Positions is the "Realised PNL" negative if the position is positive?
[2016-08-03 03:11:13] dharmabum : BitMEX_Greg: Dumb question probably.
[2016-08-03 03:11:53] dharmabum : lockhedge: minute percentage :)
[2016-08-03 03:12:18] BitMEX_Greg : dharmabum: You mean you are long and the price went up?
[2016-08-03 03:12:34] dharmabum : BitMEX_Greg: yes
[2016-08-03 03:12:54] dharmabum : BitMEX_Greg: ROE is positive
[2016-08-03 03:12:58] BitMEX_Greg : It should include fees I believe.
[2016-08-03 03:13:22] BitMEX_Greg : It also includes PnL from previous positions
[2016-08-03 03:13:25] dharmabum : BitMEX_Greg: Can you take a look at my current position?
[2016-08-03 03:13:37] BitMEX_Greg : i.e. not remarked at 0 if you close out your position
[2016-08-03 03:13:50] BitMEX_Greg : Sure I'll take a look
[2016-08-03 03:13:54] dharmabum : BitMEX_Greg: thx
[2016-08-03 03:13:56] BitMEX_Greg : Is your Unrealised PnL positive?
[2016-08-03 03:14:04] dharmabum : BitMEX_Greg: Yes.
[2016-08-03 03:16:12] BitMEX_Greg : Am taking a look now, but I suspect you had a negative earning position prior. What happens when you hover over the Realised PnL number?
[2016-08-03 03:16:48] dharmabum : BitMEX_Greg: "Realised profit and loss on this contact..."
[2016-08-03 03:17:09] dharmabum : BitMEX_Greg: I can't be underwater on this contract surely.
[2016-08-03 03:17:20] BitMEX_Greg : No, rather not on "Realised PNL" but on the Realised PnL number attached to the number
[2016-08-03 03:17:31] BitMEX_Greg : *attached to the position
[2016-08-03 03:18:18] dharmabum : BitMEX_Greg: "This is your raw realised P&L since the last rebalance"
[2016-08-03 03:18:28] BitMEX_Greg : Yes but did the number change?
[2016-08-03 03:18:35] dharmabum : BitMEX_Greg: when hovering, it is basically zero, so yes, it did
[2016-08-03 03:19:20] BitMEX_Greg : Ok
[2016-08-03 03:26:39] BitMEX_Greg : dharmabum: Can you please send a support ticket so we can discuss there?
[2016-08-03 03:27:10] dharmabum : BitMEX_Greg: support@bitmex.com?
[2016-08-03 03:27:15] dharmabum : BitMEX_Greg: or greg@ ?
[2016-08-03 03:27:42] BitMEX_Greg : dharmabum: https://bitmex.freshdesk.com/support/home
[2016-08-03 03:29:15] dharmabum : BitMEX_Greg: done
[2016-08-03 03:30:47] aethlios : any fine update?? can't find something new.
[2016-08-03 03:30:59] aethlios : finex i mean
[2016-08-03 03:32:41] CaptainDean : Why BTC-E is like 10$ over the price all the time ?
[2016-08-03 03:37:15] omicron : finex is probably busy as hell right now
[2016-08-03 03:48:52] aethlios : 540 old support is now resistance, above 550 we can go to 620.
[2016-08-03 04:04:21] REKT : Liquidated long on `ETC7D`: Sell 10 @ 0.005011
[2016-08-03 04:04:36] REKT : Liquidated long on `ETC7D`: Sell 1000 @ 0.004938
[2016-08-03 04:04:58] johndoe : btc @557
[2016-08-03 04:05:05] johndoe : btc-e @557
[2016-08-03 04:07:52] zanza : lot of buying action there
[2016-08-03 04:08:40] zanza : https://twitter.com/alex_amsel/status/760651367530827780
[2016-08-03 04:26:08] REKT : Liquidated long on `XBTUSD`: Sell 15007 @ 531.50
[2016-08-03 05:04:26] sharpie0101 : nother huge buy
[2016-08-03 05:05:37] sharpie0101 : or close out of limit buy orders
[2016-08-03 05:05:47] sharpie0101 : not seeing the volume
[2016-08-03 05:06:03] sharpie0101 : so its close out single player fills majority of the orders
[2016-08-03 05:06:11] CaptainDean : yeah pretty calm at the moment ...
[2016-08-03 05:07:15] sharpie0101 : single person is holding the orders higher with market orders, strategy is to buy/sell and pad the spread on either side with there orders, than pull them, huge price crash.
[2016-08-03 05:08:07] sharpie0101 : cause otherwise there would be volume aas evidence of real transactoins
[2016-08-03 05:09:19] CaptainDean : some downtrend movement in china
[2016-08-03 05:10:00] sharpie0101 : it's not even a lot of money, faking the volume like 70k
[2016-08-03 05:11:57] CaptainDean : there a few bots running here, prolly one of them (or two)
[2016-08-03 05:12:30] sharpie0101 : im talking about gdax
[2016-08-03 05:12:46] sharpie0101 : they're market trapping people
[2016-08-03 05:13:26] CaptainDean : never went there
[2016-08-03 05:13:31] sharpie0101 : volume isn't that large
[2016-08-03 05:13:40] CaptainDean : i like it here
[2016-08-03 05:13:44] sharpie0101 : like say a buy order every 30 seconds to every minute
[2016-08-03 05:14:17] sharpie0101 : they put up the limit orders on either side and can hold the market, than pull it, when they detect orders which aren't theirs
[2016-08-03 05:14:20] CaptainDean : China is looking for a resistance now
[2016-08-03 05:18:11] sharpie0101 : explains the 5-10 dollar price difference between coindesk and gdax
[2016-08-03 05:18:30] sharpie0101 : wish i had some intermarket api's to take advantage of the arbitrage
[2016-08-03 05:19:21] CaptainDean : i was thinking the same thing, like BTC-E was like 10$ over like an hour ago
[2016-08-03 05:20:15] sharpie0101 : and it's a select few who are gaming smaller traders
[2016-08-03 05:21:15] sharpie0101 : they can essentially create their own little market, where they control everything
[2016-08-03 05:21:17] CaptainDean : but you'll need to move fiat really quick, that's a huge issue... selling a BTC-E and buying at the lowest right away.
[2016-08-03 05:21:29] CaptainDean : selling @ BTC-E**
[2016-08-03 05:22:05] sharpie0101 : what they will do is put up like 34 btc limit sell order
[2016-08-03 05:22:24] CaptainDean : yeah but it's 34 BTC, it's not bad
[2016-08-03 05:22:30] sharpie0101 : wait for a void to start to form because market buy orders never improve the price
[2016-08-03 05:22:36] sharpie0101 : while sell orders reduce the price
[2016-08-03 05:22:57] sharpie0101 : then they will fill in the limit buy orders with thier own
[2016-08-03 05:23:16] sharpie0101 : and then if not a lot of volume traded they can control everything
[2016-08-03 05:23:30] sharpie0101 : using teh size of the orders they can discern their orders from others
[2016-08-03 05:23:55] sharpie0101 : and pull a few orders (just close them) and the price drops 3 dollars when they want it to
[2016-08-03 05:24:46] CaptainDean : they better be real quiet about it .. otherwise they would have to shutdown
[2016-08-03 05:25:01] sharpie0101 : no regulation for that
[2016-08-03 05:25:09] CaptainDean : yeah but if we find out
[2016-08-03 05:25:15] CaptainDean : i would never trade with them again
[2016-08-03 05:25:20] sharpie0101 : self trade prevention is it
[2016-08-03 05:28:29] sharpie0101 : the real thing that would prevent is anyone who takes advantage of inter-market price differences
[2016-08-03 05:28:45] sharpie0101 : just pump their orders into a different market
[2016-08-03 05:29:39] CaptainDean : move BTC is like 10-20 mins max, Fiat is a pain in the ass, How you would do that ?
[2016-08-03 05:29:47] sharpie0101 : it actually makes the bitcoin market as a whole more efficeint
[2016-08-03 05:29:48] zanza : Bitgo apparently feels 0 responsibility in singing 129k Bitcoin over https://twitter.com/BitGo/status/760624908334346240
[2016-08-03 05:29:48] CaptainDean : moving the BTC*
[2016-08-03 05:30:03] sharpie0101 : well if you had a larage buffer of currency
[2016-08-03 05:30:06] zanza : I think Bitgo has some serious egg on its face letting this happen as a security agent
[2016-08-03 05:30:27] sharpie0101 : you could buy one market sell another at the price differential, do it till run out of money or still profitable
[2016-08-03 05:30:51] CaptainDean : yeah you'll need a shitload of Currency, if you have that. 10$ premiun would be quite good money !
[2016-08-03 05:31:44] sharpie0101 : yeah
[2016-08-03 05:31:52] CaptainDean : That would force all the independent market to have a kind of unique index
[2016-08-03 05:31:59] sharpie0101 : theres all the reason on its own to do it, so really no need to over regulate
[2016-08-03 05:32:10] sharpie0101 : just it's a bit of coding
[2016-08-03 05:32:18] sharpie0101 : different sites use different api's
[2016-08-03 05:32:50] CaptainDean : API are no issue :P
[2016-08-03 05:33:16] sharpie0101 : for example we have seen just now, how different sites use diffferent authentication
[2016-08-03 05:33:30] CaptainDean : you just need to know how to code and have someone else with trading skills :D
[2016-08-03 05:33:43] sharpie0101 : you need both
[2016-08-03 05:33:51] sharpie0101 : for example how do you put together an order book?
[2016-08-03 05:34:03] sharpie0101 : you need to know how to code which is given
[2016-08-03 05:34:12] sharpie0101 : but you also need to know how the individual market works
[2016-08-03 05:34:16] CaptainDean : well i'm an IT guy, API are like day-to-day for me
[2016-08-03 05:34:45] CaptainDean : my skills in trading are far not enough to do it
[2016-08-03 05:34:56] sharpie0101 : how to call for the current market data, mean while running a play back of data
[2016-08-03 05:35:14] sharpie0101 : then run through the playback to update the requested order book, then keep up to date
[2016-08-03 05:35:29] sharpie0101 : but how markets slightly differ makes it challenging
[2016-08-03 05:36:29] CaptainDean : you'll need to select some market and make sure the code can figure out where to sell and where to buy. You can use a "point system" if you want. Giving a weight for the indicator of you choice.
[2016-08-03 05:36:35] CaptainDean : Like price ... volume ... etc
[2016-08-03 05:37:09] sharpie0101 : thats a whole nother subject in itself
[2016-08-03 05:37:17] sharpie0101 : i was just talking about getting data
[2016-08-03 05:37:27] CaptainDean : well for me it's the easy part :P
[2016-08-03 05:37:33] sharpie0101 : but for intermarket price differential it would be easy
[2016-08-03 05:37:36] CaptainDean : API should provide evertyhing you need
[2016-08-03 05:38:35] CaptainDean : brb going for a smoke
[2016-08-03 05:38:39] sharpie0101 : take price x subtract price from market y, if greater than zero
[2016-08-03 05:38:46] sharpie0101 : than buy it here sell it there
[2016-08-03 05:40:29] CaptainDean : yeah but there is also the trend of the market
[2016-08-03 05:41:01] CaptainDean : you need to sell/buy quickly, low volume should be easy
[2016-08-03 05:41:06] CaptainDean : brb
[2016-08-03 05:47:51] CaptainDean : sharpie0101: i'm going to bed, night !
[2016-08-03 05:55:35] ersagun : Guys, is one's profit equalt to one's loss in Bitmex? Or is it Bitmex?
[2016-08-03 05:55:56] ersagun : I'm wondering how many high leverage shorter millionaire's we got here today :-)
[2016-08-03 06:04:47] fineregex : BitMEX_Greg: litecoin market stuck again ,50% spread, funding rate impossible to get away from ,
[2016-08-03 06:08:06] REKT : Liquidated long on `ETC7D`: Sell 15 @ 0.004807
[2016-08-03 06:09:31] BitMEX_Jinming : ersagun: Roughly the same because it's zero-sum, however we charge fees on each trade.
[2016-08-03 06:10:25] ersagun : BitMEX_Jinming: so by going short X amount, someone goes longs for X amount, right? Bitmex doesn't win or lose due to volatility? Thanks
[2016-08-03 06:10:34] zanza : yes
[2016-08-03 06:10:53] BitMEX_Jinming : ersagun: correct
[2016-08-03 06:10:58] zanza : volatility usually means higher volume and higher exchange fees though
[2016-08-03 06:11:54] ersagun : Yeah, got it. Damn, some huge capital reversal going on
[2016-08-03 06:12:32] zanza : wow XBT is almost 20k BTC in 24 hour volume
[2016-08-03 06:17:56] BitMEX_Jinming : zanza: Yeah very good volume today
[2016-08-03 06:29:59] dorothy490 : BitMEX_Jinming: how can I place an order with custom leverage like x40 or x30 ?
[2016-08-03 06:34:23] zanza : send a personal email to Wally he can hook you up
[2016-08-03 06:38:24] bernx : This ETH spread make me sad
[2016-08-03 06:38:48] BitMEX_Jinming : dorothy490: After you enter into a position, you can adjust the margin for it
[2016-08-03 06:40:19] BitMEX_Jinming : dorothy490: click `+B` in column `Margin` in your Position table, you can add or remove margin.
[2016-08-03 06:41:09] dorothy490 : BitMEX_Jinming: I need to setup that leverage before I entered into psoition
[2016-08-03 06:42:52] macios15 : 0,68% funding holy shit
[2016-08-03 06:45:00] BitMEX_Jinming : dorothy490: You can set the exact leverage you want thru our API. However on the UI, you have to select one of choices then adjust margin.
[2016-08-03 06:45:25] dorothy490 : could you drop an example of such api order please
[2016-08-03 06:45:39] dorothy490 : also why not to integrate custom margin into that UI
[2016-08-03 06:48:00] BitMEX_Jinming : dorothy490: `https://www.bitmex.com/api/explorer/#!/Position/Position_updateLeverage`
[2016-08-03 06:50:49] BitMEX_Jinming : dorothy490: I will check with BitMEX_Sam on integrating it into UI
[2016-08-03 06:55:32] macios15 : couple days ago you all laught at me when i told you we touch 3200 cny
[2016-08-03 06:55:54] bernx : We are still laugh
[2016-08-03 06:56:06] bernx : Becouse there is not TA, only news
[2016-08-03 06:56:17] bernx : And you can't predict it
[2016-08-03 06:56:30] macios15 : bernx: last drop was caused by bitfinex too
[2016-08-03 06:56:44] bernx : Yes, but don't be a kid and talk like this
[2016-08-03 06:56:53] bernx : Too many people lose money
[2016-08-03 07:00:10] bernx : Everyday a lot of people lose money in crypto. It's ok. But not this way, like yesterday
[2016-08-03 07:01:09] ersagun : 3 hours after depositing my 15 BTC to BFX which equals to 40% of my portfolio. It sucks but it happens, unfortunately
[2016-08-03 07:12:49] zanza : wow damn
[2016-08-03 07:12:57] zanza : this is going to hurt Crypto community
[2016-08-03 07:13:27] rapidtrades : no shit
[2016-08-03 07:13:54] macios15 : i never saw foundig at this rate -0,68% lol
[2016-08-03 07:14:43] rapidtrades : i did NOT sleep well
[2016-08-03 07:15:19] rapidtrades : full on 20x+ margin looks like the way to go
[2016-08-03 07:15:23] macios15 : i closed my short too soon
[2016-08-03 07:15:24] miramm1115 : we had 1.1250% funding rate 2016-06-17 08:00:00
[2016-08-03 07:15:29] rapidtrades : that's what i did initially then i got complacent
[2016-08-03 07:16:04] rapidtrades : if u don't have many on exchange they can't steal it
[2016-08-03 07:16:49] rapidtrades : that will mean accepting clawbacks unfortunately cos only futures offer that high lev
[2016-08-03 07:17:32] ersagun : Is the current rate of 0.68% positive (longs pays shorts) or negative? The value is positive, so longs must pay but it says "Today, longs will receive 0.6821%, and shorts will pay 0.6821%". What shall I understand?
[2016-08-03 07:17:53] rapidtrades : shorts pay
[2016-08-03 07:18:45] ersagun : thank you.
[2016-08-03 07:19:53] macios15 : 0,68x50=34%
[2016-08-03 07:21:24] ayy_lmao : damn
[2016-08-03 07:21:30] ayy_lmao : thats the highest ive ever seen
[2016-08-03 07:22:29] rapidtrades : yeah and its still not killing the bearish bias
[2016-08-03 07:23:03] ersagun : macios15: Sorry for all the basic questions but what does that 50 stand for? You're not gonna tell me you're gonna pay 34% of your position in case you use leverage 50? :-)
[2016-08-03 07:24:59] rapidtrades : no
[2016-08-03 07:26:11] lockhedge : new ath trading volume for my mm bot: 3493 btc in 24h (16.9% market share), nearly no profit though
[2016-08-03 07:26:32] elmorte : How is the funding calced when Finex is down? Purely on premium?
[2016-08-03 07:26:51] macios15 : ersagun: thats right 34% when u use x50
[2016-08-03 07:27:45] lockhedge : elmorte: good question, i'm currently taking premium or 1/2 premium if FR is lower than 0.1%
[2016-08-03 07:27:52] asdfasdf : I have a question: how is the funding handled for positions open for less than 8 hr?
[2016-08-03 07:28:07] asdfasdf : I mean the short -> long funding cost
[2016-08-03 07:28:13] ersagun : macios15: Ouch.. :-) But that's 34% of my capital, right? I open a position with 1 BTC, 25x leverage. I'm gonna pay 0.34 only, correct?
[2016-08-03 07:28:47] asdfasdf : if I have a long open for 1 hr do I get 1/8th of the funding cost?
[2016-08-03 07:29:06] macios15 : ersagun: 17% 0,68x25=17
[2016-08-03 07:29:38] macios15 : ersagun: look at the value of position and x0,68%
[2016-08-03 07:30:29] ersagun : macios15: Ah yes, definitely. My point was, that percentage is only calculated with my initial capital and not with the position I opened. (25x or 50x)
[2016-08-03 07:30:58] macios15 : if the price stay the same for next 13h and founding dont change, on x50 leverage shorts gona lose aobut 55% of position
[2016-08-03 07:31:03] ersagun : Damn my English..
[2016-08-03 07:31:33] macios15 : ersagun: not initial, look at Position and then Value
[2016-08-03 07:31:47] ersagun : macios15: Cheers for being so patience with me :-)
[2016-08-03 07:32:31] asdfasdf : anyone know the answer to my question above?
[2016-08-03 07:32:49] rapidtrades : no its every 8 hrs
[2016-08-03 07:33:28] asdfasdf : so if open a short after rebalance and close it after 7 hrs then I don't pay funding cost?
[2016-08-03 07:33:38] macios15 : asdfasdf: yes
[2016-08-03 07:34:08] asdfasdf : that seems like it could be abused
[2016-08-03 07:34:30] rapidtrades : it is
[2016-08-03 07:34:39] asdfasdf : especially with the very high funding cost now
[2016-08-03 07:34:40] macios15 : so it need to bounce probably now becouse if price dont change in 24h and founding too shorts on x50 gona lose 78% on position
[2016-08-03 07:34:57] ersagun : asdfasdf: it's the same with Forex I believe. If you "abuse" it, then the broker will get many spread profits etc
[2016-08-03 07:35:59] rapidtrades : forex pairs tend to adjust before rollover time, especially on Wednesdays
[2016-08-03 07:36:00] asdfasdf : when is the next rebalance?
[2016-08-03 07:36:12] rapidtrades : happens here too but its not as efficient
[2016-08-03 07:36:14] asdfasdf : oh nvm I see the clock
[2016-08-03 07:40:46] asdfasdf : does the funding only change at rebalance time or does it adjust continuously?
[2016-08-03 07:41:04] asdfasdf : funding %
[2016-08-03 07:42:04] BitMEX_Jinming : asdfasdf: the funding rate change every 8 hours
[2016-08-03 07:44:08] iisss : how do I remove the etcxbt price from my xbtusd chart ?
[2016-08-03 07:44:08] iisss : http://imgur.com/a/x47P4
[2016-08-03 07:45:06] BitMEX_Jinming : iisss: yeah we know this problem. Can you try to refresh the page, or click other contracts then click back?
[2016-08-03 07:45:48] iisss : same thing. only etcxbt chart looks normal
[2016-08-03 07:48:19] exp : shorted some :-)
[2016-08-03 07:48:48] Jovis : iisss: when that happens i tend to click the index line and remove it to get the chart to adjust appropriately
[2016-08-03 08:04:15] omicron : well, looks like the hacker is buying back the coins
[2016-08-03 08:04:32] omicron : shit what a day
[2016-08-03 08:05:06] omicron : just want to give a shout out to bitmex support. You guys are attentive. thanks
[2016-08-03 08:05:19] dorothy490 : omicron: "buing back the coins"?? what are you talking about? why Hacker need to buy back coins he stolen
[2016-08-03 08:05:34] omicron : well, im sure he shorted a ton before the hack
[2016-08-03 08:05:48] omicron : that way even if the stolen coins cannot be used, he still is ahead
[2016-08-03 08:05:56] dorothy490 : good point
[2016-08-03 08:06:04] omicron : this is hacking 101, since the DAO every hacker knows this
[2016-08-03 08:06:22] omicron : dorothy, we are not in kansas anymore
[2016-08-03 08:07:13] BitMEX_Wally : omicron: You're welcome :)
[2016-08-03 08:08:03] omicron : BitMEX_Wally: you are the smart one in the company right? or is it the STRML guy
[2016-08-03 08:08:59] BitMEX_Wally : We're all smart
[2016-08-03 08:09:05] zanza : sam and wakky both
[2016-08-03 08:09:25] zanza : smart = computer brainy
[2016-08-03 08:09:28] BitMEX_Wally : Arthur is the ivy league finance genius, Sam is the tech genius, I'm the maths genius
[2016-08-03 08:10:00] zanza : and rapidtrades is the entertainment
[2016-08-03 08:10:09] BitMEX_Wally : Hahah
[2016-08-03 08:10:21] omicron : BitMEX_Wally: right answer. Your and Sam's genius is obvious ... but Arthur ... I got no idea what he does
[2016-08-03 08:11:31] zanza : he made the site happen omicron
[2016-08-03 08:11:49] zanza : i think it was his vision?
[2016-08-03 08:11:49] omicron : zanza: oh i see. he is the vision.
[2016-08-03 08:12:34] BitMEX_Wally : https://www.youtube.com/watch?v=xdiRhmLuYCM
[2016-08-03 08:12:44] BitMEX_Wally : Watch this to learn more about Arthur
[2016-08-03 08:13:13] BitMEX_Wally : BitMEX was his vision and he got the co-founders together
[2016-08-03 08:14:06] miramm1115 : and now he just drinks champaigne and watches money rolling in :-)
[2016-08-03 08:14:39] BitMEX_Wally : We wish
[2016-08-03 08:14:50] omicron : well after a few million, you need bitches and bling
[2016-08-03 08:15:33] BitMEX_Wally : Once we get our volumes up 10x, then we can talk
[2016-08-03 08:15:54] omicron : well, i hope this finex shit does not suppress the volume for 5 months
[2016-08-03 08:16:07] BitMEX_Wally : Arthur and Greg are busy on business development
[2016-08-03 08:16:33] BitMEX_Wally : Partnerships with spot exchanges, designing new products, China marketing, fixed income products, etc
[2016-08-03 08:19:39] willybot : Bitmex is the new Okcoin volume central
[2016-08-03 08:19:39] omicron : any reason why you incorporated in seychelles vs say hong kong
[2016-08-03 08:19:47] miramm1115 : BTW, how is Quoine integration working out for you? I'm trying to understand how xbj24h trades and it looks like there is very little retail order flow
[2016-08-03 08:21:09] lockhedge : bitstamp just confirmed: it's not BitGo's fault, "bad implementation" https://twitter.com/Bitstamp/status/760751539527057408
[2016-08-03 08:22:27] zanza : Arthur got goxxed! heh
[2016-08-03 08:23:35] zanza : BitGo signed 120k BTC im a few minutes. they take some blame for being a sh*t security company
[2016-08-03 08:24:32] BitMEX_Wally : Hong Kong incorporation is fine for a spot exchange, or even margin trading. But there was regulatory uncertainty regarding Bitcoin derivatives
[2016-08-03 08:25:08] lockhedge : zanza: setting limits, real-time audits and manual review would have been Bitfinex's job, doubt that BitGO even offers this kind of service
[2016-08-03 08:25:20] BitMEX_Wally : We chose the Seychelles because they give regulatory certainty, they have an English common-law system, and they understand finance
[2016-08-03 08:25:45] omicron : BitMEX_Wally: great reasons, thanks
[2016-08-03 08:26:40] lockhedge : zanza: according to Bitfinex's terms BitGo had to co-sign all tx "as directed by bitfinex" https://twitter.com/RobotFinance/status/760751769475579904
[2016-08-03 08:27:23] BitMEX_Wally : XBJ24H is doing good volume, the Quoine integration is a great model
[2016-08-03 08:28:43] lockhedge : BitMEX_Wally: but your principle place of business is HK, not the Seychelles or are you a local company?
[2016-08-03 08:29:18] ersagun : So in fact, it was just 0.5 sig wallets that BFX used; either their hot or cold password would be the same to unlock the wallets.
[2016-08-03 08:30:25] lockhedge : BitMEX_Wally: actually regulatory uncertainty is the only weak point BitMEX has
[2016-08-03 08:30:31] rullwull : heard many complains from quoine customers, be careful with them
[2016-08-03 08:30:51] miramm1115 : I'm asking because xbj24h open interest is very low compared to volume. I'm 50%-100% of open interest some days with my little test bots. It's like some arb bots doing volume by opening/closing positions quickly but there are no retail traders @BitMEX_Wally
[2016-08-03 08:31:12] rapidtrades : so bitfinex lost about 6% of coins? or is that 6% of bitgo coins?
[2016-08-03 08:31:14] BitMEX_Wally : lockhedge: Me, Arthur, Jinming live in HK
[2016-08-03 08:32:01] BitMEX_Wally : miramm1115: XBJ24H is all retail volume in and out. I remember that XBT24H traded 10x its open interest
[2016-08-03 08:32:28] miramm1115 : yeah, and xbj24h is 100x
[2016-08-03 08:33:19] miramm1115 : a bit weird, that's all
[2016-08-03 08:33:32] zanza : So its basically just a hot wallet if BitGo approves everytransaction, why even bother with multisig lol
[2016-08-03 08:33:40] ersagun : Not sure if BFX ever revealed their total stash. All I know is that it's 119k BTC being stolen from Bitgo wallets
[2016-08-03 08:33:48] zanza : to fool people into thinking its somehow
[2016-08-03 08:33:48] zanza : 'safe
[2016-08-03 08:35:41] zanza : I got to say the seychelles incorporation is pretty shady
[2016-08-03 08:36:13] zanza : its basically saying Fk Off with any legal claims lol
[2016-08-03 08:37:03] ersagun : to be honest, I couldn't care less in cryptoworld. MtGox was in Japan. I do trust the "phantom btc-e" more then BFX
[2016-08-03 08:39:36] BitMEX_Wally : zanza: Seychelles has a stable English common-law system, and its judgements can be enforced in other jurisdictions
[2016-08-03 08:41:39] BitMEX_Wally : Seychelles has shareholder secrecy, but that's not an issue with BitMEX because you know who the co-founders are
[2016-08-03 08:42:20] zanza : settting up incorporation in remote African island im sure was for the user benefit :) it doesn't even really matter, I don't see why you have toincorporate anywhere
[2016-08-03 08:42:32] lockhedge : i'm more worried about authorities in HK, Irland/EU or the US shut you down, because they claim that your principle place of business isn't the Seychelles
[2016-08-03 08:43:17] zanza : its a dirty money safe haven
[2016-08-03 08:43:35] zanza : but you guys dont take fiat, so
[2016-08-03 08:43:53] zanza : incorporation seems unnecessary at all
[2016-08-03 08:44:30] zanza : but thats not my business :)
[2016-08-03 08:45:46] zanza : i dont think governments will really care about this site since they dont take fiat
[2016-08-03 08:45:49] BitMEX_Wally : Our principle place of business is the Internet
[2016-08-03 08:46:00] BitMEX_Wally : I wish we could incorporate on 'The Internet'
[2016-08-03 08:46:13] zanza : maybe on the DAO xd
[2016-08-03 08:46:45] BitMEX_Wally : Yeah, give it time. Maybe in a few years BitMEX will just be some smart-contract that is an entire exchange
[2016-08-03 08:48:04] zanza : :)
[2016-08-03 08:48:23] lockhedge : BitMEX_Wally: Luxembourg might be a long term option to become a fully regulated EU MTF, you would need €750k initial capital afaik
[2016-08-03 08:48:40] zanza : I think we can see 1k users here by September
[2016-08-03 08:50:14] BitMEX_Wally : lockhedge: We might get an FX license and incorporate in New Zealand.
[2016-08-03 08:53:09] lockhedge : BitMEX_Wally: cool, but don't know if this would also include derivatives. imho it should be a long term objective to become authorized
[2016-08-03 08:53:53] ersagun : lockhedge: Hey mat. Any chance that you're on reddit? I would like to contact you if you have a minute :)
[2016-08-03 08:54:09] lockhedge : BitMEX_Wally: alternative could be regulatory hosting / umbrella solution http://metfacilities.com
[2016-08-03 08:55:21] lockhedge : ersagun: yes same username
[2016-08-03 08:55:23] Kalman : BitMEX_Wally: you may keep an eye on some micro nations as well
[2016-08-03 08:55:37] Kalman : sealand
[2016-08-03 08:55:40] Kalman : ...
[2016-08-03 08:58:53] lockhedge : BitMEX_Wally: i'm currently evaluating with german bafin if my mm activity needs authorization. very tricky legal questions...
[2016-08-03 09:03:08] ersagun : lockhedge: Cheers mate. Would appreciate if you can check on your free-time. Nothing crucial :-)
[2016-08-03 09:08:54] macios15 : price index should be based now on china
[2016-08-03 09:09:06] macios15 : stamp is too small
[2016-08-03 09:09:34] macios15 : sell of 100 btc droped to 531 lol
[2016-08-03 09:21:56] Muhammed : Etc to 0.006 do you guys think?
[2016-08-03 09:25:41] macios15 : finex could make some shorts on other exchanges before announcement and made that bitcoin back what they lost
[2016-08-03 09:42:33] zanza : lol
[2016-08-03 09:46:33] dorothy490 : genious
[2016-08-03 09:49:12] macios15 : and look at price flat july, then 30 july finex open shorts, drop to 3000 cny at announcment
[2016-08-03 09:49:25] macios15 : perfect job
[2016-08-03 09:50:31] macios15 : now they close shorts or its already closed
[2016-08-03 09:50:53] macios15 : tomorow they open bitfinex and done
[2016-08-03 09:51:06] macios15 : or even that "hack" is fake too they just wanted to make some money
[2016-08-03 09:51:48] macios15 : drop at 21 jun was made by bitfinex too
[2016-08-03 09:52:09] macios15 : if i good remember
[2016-08-03 09:53:51] macios15 : crypto looks like its rouled by exchanges same like ETC added by poloniex i think they wanted to make some money too
[2016-08-03 10:00:01] macios15 : and they all do it the same way like mt gox did sory for bad english im not nativ
[2016-08-03 10:05:45] macios15 : consider my thoughts if finex magicaly find that stolen bitcoins next days
[2016-08-03 10:10:20] macios15 : and they give announcment the perfect time when we broke that china support level lol
[2016-08-03 10:18:31] macios15 : or if its not fake lets make some hard fork and make even more money like eth etc
[2016-08-03 10:18:35] macios15 : lol
[2016-08-03 10:18:59] PatioCrasher : who you talking too?
[2016-08-03 10:19:08] ersagun : PatioCrasher: LOL
[2016-08-03 10:19:50] PatioCrasher : no one feeding trolls in here macios
[2016-08-03 10:22:20] macios15 : PatioCrasher: its even called trollbox
[2016-08-03 10:25:17] PatioCrasher : To be able to chat to yourself for an hour is dedication. Carry on. .
[2016-08-03 10:27:38] PatioCrasher : You should try steemit.. They would love your conspiracy theories about how a major exchange that makes mega fees off higher btc price planned to put btc in a mojar bear market though. I am sure they will even pay you for it
[2016-08-03 10:30:09] rapidtrades : once delevereging goes like here ill make this one of my main sites
[2016-08-03 10:30:38] rapidtrades : if they get hacked i won't lose a lot
[2016-08-03 10:31:11] rapidtrades : anyone tried bitvc? heard they do delevereging too
[2016-08-03 10:31:16] ersagun : Steemit is james-jl777 project, righgt?
[2016-08-03 10:31:45] PatioCrasher : no idea who I was being sarcastic.
[2016-08-03 10:33:23] PatioCrasher : with deleveraging you can take some margin out or ? how does it work rapidtrades?
[2016-08-03 10:33:42] lockhedge : rapidtrades: how much (more) liquidity in the order book do you think XBTUSD needs to be able to manage bfx like order flow? it's currently about 50000 contracts within a 1% spread here
[2016-08-03 10:34:20] rapidtrades : PatioCrasher: delevereging should mean no clawbacks...that's all i want
[2016-08-03 10:34:46] PatioCrasher : oh ok.. I see.
[2016-08-03 10:43:09] rapidtrades : they're gonna make announcement 'later today'
[2016-08-03 10:43:15] rapidtrades : whenever that is
[2016-08-03 10:46:21] PatioCrasher : rapidtrades whats your view on the outcome of either them announcing insolvency or some sort of recovery scheme and the effect on the market in either scenario?
[2016-08-03 10:55:23] rapidtrades : we'll see today
[2016-08-03 10:55:31] rapidtrades : can't see them coming back from this
[2016-08-03 10:55:56] rapidtrades : im preparing mentally to wait a few years for those funds
[2016-08-03 10:56:04] rapidtrades : while the legal funds is sorted out