This is a mirror of the original BitMEX trollbox archive that used to be online here.
BitMEX disabled their archive after the DDOS attack so I have decided to make my mirror publicly available.

Well now, a few days after I made this mirror available to the public, the original archive from BitMEX is online again.
But since it is still limited (neutered to the last few hundred messages) I will keep my FULL mirror alive.

You have access to more than 50 million trollbox posts. This is more than 7 gigabyte of data hosted on a $5 server so please be patient or consider a donation

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[2016-08-12 12:10:33] haxmb : and then 5 minutes later got REKT
[2016-08-12 12:10:41] haxmb : because he exceeded his risk limits grossly
[2016-08-12 12:10:46] 4lph4 : good job!
[2016-08-12 12:11:03] I-am-Legend : i dont get this
[2016-08-12 12:11:20] I-am-Legend : i had eth classic long open 3000 contracts
[2016-08-12 12:11:28] I-am-Legend : its gone i dont see any sign of it
[2016-08-12 12:11:37] I-am-Legend : even in account history
[2016-08-12 12:11:41] haxmb : I-am-Legend: ETC7D just settled
[2016-08-12 12:11:42] 4lph4 : I think it's a bit too late legend
[2016-08-12 12:12:01] I-am-Legend : what does that mean haxmb
[2016-08-12 12:12:16] haxmb : the contract expires
[2016-08-12 12:12:32] I-am-Legend : i had eth short contract open that is not expiring
[2016-08-12 12:12:40] I-am-Legend : been through 3 rebates
[2016-08-12 12:12:45] haxmb : eth classic != ETH
[2016-08-12 12:12:49] haxmb : eth classic = ETC
[2016-08-12 12:12:59] I-am-Legend : my eth contract on going
[2016-08-12 12:13:05] I-am-Legend : ETC contract expired
[2016-08-12 12:13:15] haxmb : yes
[2016-08-12 12:13:15] I-am-Legend : why does on stay live & other expires
[2016-08-12 12:13:26] haxmb : because its an expiring contract
[2016-08-12 12:13:31] haxmb : as it states in the description
[2016-08-12 12:13:51] BitMEX_Wally : Perpetual Swaps are perpetual. Whereas futures have an expiry date
[2016-08-12 12:13:56] BitMEX_Wally : The 7D means it expires every 7 days
[2016-08-12 12:14:09] haxmb : I-am-Legend: what @BitMEX_Wally says
[2016-08-12 12:14:18] I-am-Legend : dam so i had opened just before it expires
[2016-08-12 12:14:40] I-am-Legend : where do you see when they expire before you open
[2016-08-12 12:15:00] migz : That was fast.
[2016-08-12 12:15:11] haxmb : it says
[2016-08-12 12:15:18] I-am-Legend : Bitmex really need to get some proper videos showing noobs how to use the site, if im getting rekt should at least know why im getting rekt
[2016-08-12 12:15:18] haxmb : on the right topof the page
[2016-08-12 12:16:07] migz : They say you gotta read documentation. But it was too many, this site is not noob friendly.
[2016-08-12 12:16:22] migz : Been here for months, i am still getting rekt. lmao
[2016-08-12 12:16:29] I-am-Legend : on my ETH contract short it has removed some BTC as realized i was in a losing position, on first 2 settlements i gained interest on the last one it removed margin from me?
[2016-08-12 12:17:48] I-am-Legend : its mental ton of stuff i know nothing about, i tried watching CEO videos on youtube, they are terrible he just confuses you more sure he is a great CEO but those videos are bad for his business
[2016-08-12 12:18:04] I-am-Legend : i dont get why i paid out on my eth contract
[2016-08-12 12:18:19] haxmb : I-am-Legend: its the funding rate
[2016-08-12 12:18:31] haxmb : you can read every detail on t he damn site
[2016-08-12 12:18:32] I-am-Legend : first 2 times it settled it paid interest last time it took some of my margin
[2016-08-12 12:18:43] I-am-Legend : funding rate its over 1 BTC
[2016-08-12 12:18:45] haxmb : its your own fault for trading something you dont know
[2016-08-12 12:18:50] I-am-Legend : doubt its funding
[2016-08-12 12:18:54] haxmb : ffs
[2016-08-12 12:19:06] haxmb : never mind, im not even going to try
[2016-08-12 12:19:38] haxmb : read these thoroughly
[2016-08-12 12:19:38] haxmb : https://www.bitmex.com/app/contract/ETC7D
[2016-08-12 12:19:46] haxmb : https://www.bitmex.com/app/contract/ETHXBT
[2016-08-12 12:20:03] haxmb : for example
[2016-08-12 12:20:07] haxmb : the FIRST part of the damn page
[2016-08-12 12:20:08] haxmb : Funding is paid and received every 8 hours. The next payout event is at 22:00 (20:00 UTC). ETHXBT uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .ETHPON8H Index and .XBTPON8H Index, and the premium rate is quoted in the .ETHXBTPI8H Index. These are used to calculate the final funding rate. Today, longs will pay 0.2015%, and shorts will receive 0.2015% at 22:00 (20:00 UTC). BitMEX does not charge fees on funding payments.
[2016-08-12 12:20:23] haxmb : RTFM
[2016-08-12 12:21:46] I-am-Legend : this is what my eth trade is stating
[2016-08-12 12:21:51] I-am-Legend : ETHXBT -2230 2230.00 ETH 0.01984 0.02029 0.02428 + 9.6178 XBT (4.07x) 0.2007 XBT (2.21%) -0.8925 XBT
[2016-08-12 12:22:19] I-am-Legend : why am i -.8925 at last settlement
[2016-08-12 12:22:24] haxmb : BitMEX_Wally: plz educate
[2016-08-12 12:22:36] BitMEX_Wally : Let me have a look
[2016-08-12 12:24:23] ayy_lmao : man
[2016-08-12 12:24:30] ayy_lmao : I have never seen free money like that before
[2016-08-12 12:24:33] ayy_lmao : free money
[2016-08-12 12:24:35] haxmb : ayy_lmao: yup
[2016-08-12 12:24:41] haxmb : free money of the free-est kind
[2016-08-12 12:24:47] ayy_lmao : lol
[2016-08-12 12:25:07] haxmb : Murica
[2016-08-12 12:25:13] haxmb : 8)
[2016-08-12 12:25:19] I-am-Legend : haxmb i just want to learn how to use the platform or no point trading here, want to stay but their system hard to understand if you never traded contracts & they got good videos online to explain all this, i bet lots of people have got rekt here & left cause of the frustration.
[2016-08-12 12:25:55] haxmb : yeah I understand but you shouldnt trade if you dont actually take the time to read the specifications of the contract
[2016-08-12 12:25:56] bernx : I-am-Legend: there is high margin platform, ofc this will be hard and risky
[2016-08-12 12:26:04] haxmb : and ask the questions about things that are not clear
[2016-08-12 12:26:34] I-am-Legend : they got no good instructional videos to help noobs not everyone is a pro trader i came here to trade due to finex shit dont want to go back there but if i cant use this choice have to go back
[2016-08-12 12:27:07] I-am-Legend : i dont mind the risk that is a personal choice but if your getting rekt should know why your getting rekt
[2016-08-12 12:27:18] I-am-Legend : ETHXBT -2230 2230.00 ETH 0.01984 0.02029 0.02428 + 9.6178 XBT (4.07x) 0.2007 XBT (2.21%) -0.8925 XBT
[2016-08-12 12:27:48] bernx : I-am-Legend: so you lost about 10%.
[2016-08-12 12:27:52] I-am-Legend : can someone explain to me the -0.9825 realized pnl
[2016-08-12 12:28:12] bernx : I-am-Legend: dats today unrealized or overall?
[2016-08-12 12:28:29] I-am-Legend : its realized
[2016-08-12 12:28:50] bernx : I-am-Legend: there is total stats
[2016-08-12 12:28:54] I-am-Legend : i opened yesterday
[2016-08-12 12:28:55] migz : I-am-Legend: You are still holding the coin before it settled. You are at a loss that is why it was deducted in your balance / profit.
[2016-08-12 12:29:09] bernx : I-am-Legend: looks like there is just rebalance
[2016-08-12 12:29:56] bernx : I-am-Legend: open PNL calculator. There is looks like -1BTC (short)
[2016-08-12 12:29:59] I-am-Legend : its realised PNL -0.8btc
[2016-08-12 12:30:15] BitMEX_Wally : ETHXBT rebalanced at 0.02038 so your unrealised loss was realised
[2016-08-12 12:30:28] bernx : I-am-Legend: ye. so this is just rebalanced
[2016-08-12 12:30:52] I-am-Legend : ok starting to get it so re balance & funding not related
[2016-08-12 12:30:55] bernx : I-am-Legend: if entry 1984 and 2029 mark with 2230 contract yoour p/l -1BTC
[2016-08-12 12:31:21] I-am-Legend : so re-balance is when you get paid profits or pay losses
[2016-08-12 12:31:30] BitMEX_Wally : Correct
[2016-08-12 12:31:36] bernx : I-am-Legend: rebalance let you use your funds, funding just add/cut money
[2016-08-12 12:31:53] I-am-Legend : so if i paid out 1 btc of losses how come contract still same size
[2016-08-12 12:32:04] BitMEX_Wally : You got paid 0.2 XBT of interest, and had -1.26091 XBT of unrealised PNL that became realised, so net it was a payment of -1.0602626 XBT
[2016-08-12 12:32:09] I-am-Legend : if you pay losses should your contract size not be reduced ?
[2016-08-12 12:32:44] BitMEX_Wally : You are short 2230 contracts and this does not change
[2016-08-12 12:32:45] bernx : I-am-Legend: You just paid for use this. Finallly calculation will be after you close position
[2016-08-12 12:32:59] BitMEX_Wally : The value of your position is reduced though as the mark price has dropped
[2016-08-12 12:33:45] I-am-Legend : so wally if price does not move on every rebalance you get paid loss or get profits based on your position ?
[2016-08-12 12:34:49] I-am-Legend : so currently im 1.5% down before rebalance was 10%
[2016-08-12 12:35:14] I-am-Legend : so i wont pay the 10% again ? you start fresh from point of rebalance ?
[2016-08-12 12:35:24] BitMEX_Wally : Correct
[2016-08-12 12:35:33] I-am-Legend : but my base price didnt change
[2016-08-12 12:35:48] I-am-Legend : so my base price is same but i already paid my losses ?
[2016-08-12 12:36:09] I-am-Legend : wally how do i see what happened with my ETC contract
[2016-08-12 12:36:18] I-am-Legend : i opened yesterday it closed today
[2016-08-12 12:36:25] I-am-Legend : i cant see any stats on it?
[2016-08-12 12:36:55] I-am-Legend : on account page nothing showing on if i made profit or loss on ETC contract
[2016-08-12 12:39:01] BitMEX_Wally : If you hover over your average entry price it will show you the last rebalance price which is used for calculating unrealised PNL
[2016-08-12 12:39:44] I-am-Legend : ok & how do i know what happened with ETC long
[2016-08-12 12:40:07] I-am-Legend : it re-balanced today position was closed
[2016-08-12 12:40:18] BitMEX_Wally : Your profit from ETC7D will have been settled into your wallet with a CashSettlement, you can see that here: https://www.bitmex.com/app/wallet
[2016-08-12 12:40:24] I-am-Legend : i cant see anything on it what i paid in funding or profit/loss
[2016-08-12 12:42:11] I-am-Legend : wally i see only this with ETC7d CashSettlement -0.0112 XBT -.-- ETC7D
[2016-08-12 12:42:48] bernx : I-am-Legend: yes. this is what you look
[2016-08-12 12:42:58] I-am-Legend : thats just funding no? how come i paid funding fees ? i dont see any profits on actual etc position, im sure i was in small profit
[2016-08-12 12:43:21] lockhedge : I-am-Legend: you can use the filter `{"execType":"Funding"}` in your trade history to see funding fees you paid/received https://www.bitmex.com/app/tradeHistory if the fee is positive you paid, if it's negative you received funding
[2016-08-12 12:43:23] I-am-Legend : ETC longs were earning interest
[2016-08-12 12:44:13] BitMEX_Wally : Trade history here:
[2016-08-12 12:44:14] BitMEX_Wally : https://www.bitmex.com/app/tradeHistory
[2016-08-12 12:44:16] BitMEX_Sam : You can just click the word `Funding` to easily filter
[2016-08-12 12:45:20] BitMEX_Wally : ETC7D does not have funding, it's a future
[2016-08-12 12:46:15] haxmb : ETC7D settled at 0.003258
[2016-08-12 12:46:15] BitMEX_Wally : You bought at 0.003261 and it settled at 0.003258 so that was a loss of -0.009 XBT, plus trading fees so in total it was -0.0111971
[2016-08-12 12:48:41] rapidtrades : https://www.reddit.com/r/Bitcoin/comments/4xdce2/doing_these_three_things_wouldve_avoided_90_of/
[2016-08-12 12:49:48] I-am-Legend : ok thanks im starting to get it now
[2016-08-12 12:50:01] I-am-Legend : bit rekt first day but im getting it
[2016-08-12 12:50:28] I-am-Legend : so before you open any trade you should check rebalance & funding
[2016-08-12 12:50:38] I-am-Legend : i did not do that on those first 2 trades
[2016-08-12 12:51:24] ayy_lmao : there is a testnet you can use
[2016-08-12 12:51:34] ayy_lmao : to try out everything without risking money
[2016-08-12 12:52:09] ayy_lmao : https://testnet.bitmex.com/
[2016-08-12 12:52:17] I-am-Legend : yeah lost over 1 btc already should have used testne
[2016-08-12 12:52:44] I-am-Legend : wally how do i know what is my current eth base price after rebalance
[2016-08-12 12:52:56] I-am-Legend : my entry price is the same
[2016-08-12 12:53:21] lockhedge : "If you hover over your average entry price it will show you the last rebalance price which is used for calculating unrealised PNL"
[2016-08-12 12:54:27] I-am-Legend : hovering on left side below contract is my entry price but not showing rebalance
[2016-08-12 12:54:40] I-am-Legend : ahh below yea
[2016-08-12 12:55:04] I-am-Legend : so now im at 0.0238 does that mean thats my base price now on short ?
[2016-08-12 12:55:18] I-am-Legend : was 0.01984 before
[2016-08-12 12:57:13] justinlooking : I-am-Legend: you can hover over the entry price in open positions to see last rebalance price
[2016-08-12 12:57:21] justinlooking : (assumes on desktop)
[2016-08-12 12:57:37] I-am-Legend : yeah justin i see it is that my new base price
[2016-08-12 12:58:15] I-am-Legend : so on every rebalance your entry price is adjusted ?
[2016-08-12 12:58:26] lockhedge : yes, at rebalance you realized the loss and the rebalance price became your new entry price,
[2016-08-12 12:58:36] I-am-Legend : sick
[2016-08-12 12:58:57] I-am-Legend : i was getting rekt but didnt know why at least i know now
[2016-08-12 12:59:10] I-am-Legend : expensive 1 btc lesson
[2016-08-12 12:59:29] justinlooking : dafuq is goin on in ETC ?
[2016-08-12 13:00:49] rapidtrades : show it some love jews https://www.reddit.com/r/Bitcoin/comments/4xdce2/doing_these_three_things_wouldve_avoided_90_of/
[2016-08-12 13:01:07] rapidtrades : bitfinex is upvoting their shit so why can't we
[2016-08-12 13:06:25] I-am-Legend : what is the difference between rebalance & funding ? on top right i see 0.215 im short on eth currently.
[2016-08-12 13:10:06] BitMEX_Wally : Rebalancing is every 24 hours and it moves all PNL to/from your wallet. This cash rebalance amount includes all PNL, fees, and funding
[2016-08-12 13:11:38] I-am-Legend : & funding wally? currently funding showing 0.215% on eth, how do you know if you receive or pay the interest
[2016-08-12 13:12:27] I-am-Legend : so re-balancing essentially starts your trade over again with new base price on ETH?
[2016-08-12 13:13:19] I-am-Legend : Wally my ETC position was closed on rebalancing but ETH position stayed open, why do ETC positions get closed on rebalance but eth dont
[2016-08-12 13:14:27] justinlooking : I-am-Legend: if the rate is positive, long positions pay, and short positions earn
[2016-08-12 13:14:28] ayy_lmao : longs pay during positive funding, shorts pay during negative funding
[2016-08-12 13:15:10] rapidtrades : man why are longs getting payed again
[2016-08-12 13:15:15] rapidtrades : there was no discount
[2016-08-12 13:15:22] I-am-Legend : justin how do they calculate who earns & who is paying, im guessing it has something to do with real market price ?
[2016-08-12 13:15:26] lockhedge : I-am-Legend: ETC is a futures contract "This contract settles on the .ETCXBT30M index value Every Friday at 14:00 (12:00 UTC)" https://www.bitmex.com/app/contract/ETC7D
[2016-08-12 13:15:40] ayy_lmao : https://www.bitmex.com/app/swapsGuide
[2016-08-12 13:15:46] ayy_lmao : all the math is in there
[2016-08-12 13:16:58] justinlooking : ^ and the xbt funding symbol is here: https://www.bitmex.com/app/index/.XBTUSDPI8H
[2016-08-12 13:18:18] ayy_lmao : I-am-Legend: ETC settles every 7D, whereas every other contracts except for (XBTU16, ETC7D) are perpetual, meaning they don't settle
[2016-08-12 13:19:14] ayy_lmao : BFX , A50 , XBJ settle also
[2016-08-12 13:19:29] lockhedge : BitMEX_Wally: are you planning to exclude XBTBON and USDBON from the XBTUSD funding rate calculations?
[2016-08-12 13:20:08] ayy_lmao : if you see a funding rate, its a perpetual contract
[2016-08-12 13:24:10] I-am-Legend : on ETC classic there is range i understand its the price range but what time frame is it. what is the range for ?
[2016-08-12 13:24:27] I-am-Legend : on forked eth its interest there in place of range
[2016-08-12 13:36:00] zanza : wow 30% DPE on ETC
[2016-08-12 13:38:43] haxmb : just push it up a bit
[2016-08-12 13:38:47] haxmb : and we'll be right as rain
[2016-08-12 13:39:04] I-am-Legend : what is 30% DPE you mean the move up
[2016-08-12 13:39:23] haxmb : if we settle @ this price in 6d22h
[2016-08-12 13:39:28] zanza : clawback
[2016-08-12 13:39:38] haxmb : everyone with profit on ETC7D will lose 30% of that profit
[2016-08-12 13:39:45] haxmb : if the DPE is 30%
[2016-08-12 13:39:56] haxmb : its because of the liquidation of 46336 cont @ 0.00352
[2016-08-12 13:41:03] I-am-Legend : DPE is what like socialized loss
[2016-08-12 13:41:38] I-am-Legend : why are people in profit getting 30% less
[2016-08-12 13:44:15] haxmb : yeah socialized loss
[2016-08-12 13:44:18] zanza : ETC just reset, thats why its so high
[2016-08-12 13:44:30] haxmb : well if you also DPE the people with loss
[2016-08-12 13:44:33] haxmb : then you lose while losing :D
[2016-08-12 13:44:52] zanza : loseception
[2016-08-12 13:48:56] aethlios : bitmex soeculates with the order
[2016-08-12 13:49:28] zanza : how did DPE goto 0, without filling the order?
[2016-08-12 13:49:51] aethlios : magic
[2016-08-12 13:50:11] zanza : did Sam just press the disappear button? :)
[2016-08-12 13:50:54] lockhedge : mark price is higher than the liquidation order's price
[2016-08-12 13:51:43] zanza : the liq was .0035
[2016-08-12 13:51:44] lockhedge : and it's gone
[2016-08-12 13:52:15] zanza : how did the liq disappear when price never hit it ?
[2016-08-12 13:52:41] BitMEX_Sam : See that buy for 10936
[2016-08-12 13:52:43] BitMEX_Sam : That was the last of it
[2016-08-12 13:53:09] zanza : the liq was .0035 tho ?
[2016-08-12 13:53:19] BitMEX_Sam : It moved down to 0.003347
[2016-08-12 13:53:28] zanza : oh liqs can move
[2016-08-12 13:53:35] BitMEX_Sam : There was an allocation from the insurance fund
[2016-08-12 13:54:02] I-am-Legend : so what happens to people opening ETC position now
[2016-08-12 13:54:02] zanza : I didn't expect it to last long, since there is almost 7 full days anyways
[2016-08-12 13:54:19] BitMEX_Sam : I-am-Legend: Nothing... DPE is cleared
[2016-08-12 13:54:21] I-am-Legend : if i open ETC short or long now will the DPE affect me ?
[2016-08-12 13:54:24] zanza : 0 DPE meaning 0 clawback
[2016-08-12 13:54:25] BitMEX_Sam : Nope, it's gone
[2016-08-12 13:54:31] I-am-Legend : ok great
[2016-08-12 13:55:04] lockhedge : BitMEX_Sam: can you pls publish a breakdown of the insurance fund(s) for the individual instruments?
[2016-08-12 13:55:30] BitMEX_Sam : lockhedge: Yeah, we hear you loud & clear on that one, we have a big UI rollout that's coming soon (CN translation), that's on our shortlist to come after
[2016-08-12 13:56:17] I-am-Legend : cam someone fill me please at 3305
[2016-08-12 13:56:42] lockhedge : BitMEX_Sam: thx
[2016-08-12 14:01:33] rapidtrades : so that LIQ on ETC cleared up huh
[2016-08-12 14:01:53] BitMEX_Sam : Yeah, it's gone.
[2016-08-12 14:02:50] rapidtrades : http://www.bloomberg.com/news/articles/2016-08-11/bitcoin-hack-upends-world-of-700-yields
[2016-08-12 14:04:24] 4lph4 : I was just reading that
[2016-08-12 14:04:48] 4lph4 : however any kind of publicity is good isn't it?
[2016-08-12 14:05:00] 4lph4 : the fact that bloomberg is taking time to report on bitcoin says a lot imo
[2016-08-12 14:05:03] rapidtrades : not really
[2016-08-12 14:05:11] rapidtrades : we're past that stage
[2016-08-12 14:05:28] 4lph4 : it seems that we are not, if you go out and ask people about bitcoins they have no idea
[2016-08-12 14:05:36] rapidtrades : single article don't move the price anymore
[2016-08-12 14:05:36] ett1 : "He said that will more than wipe out the profits he made through lending money."
[2016-08-12 14:05:42] ett1 : couldnt have made 700% then
[2016-08-12 14:05:54] 4lph4 : "because of the hack" not "because of bitcoin"
[2016-08-12 14:06:26] rapidtrades : doesn't matter whoever was going to get involved already did...who stayed on the sidelines will stay imo...can't expect ur grandma to start a bitcoin wallet
[2016-08-12 14:06:53] 4lph4 : no but I can expect the rest of the 90% of the young population who still doesn't care
[2016-08-12 14:07:03] 4lph4 : I have 0 friends that know or care about bitcoins
[2016-08-12 14:07:42] rapidtrades : know or care are 2 different things :)
[2016-08-12 14:07:42] 4lph4 : if what you are saying is true, and that's everyone who would get involved, then bitcoin will never scale and cryptos are destined to fail
[2016-08-12 14:07:45] 4lph4 : is that the case?
[2016-08-12 14:08:09] rapidtrades : not necessarily....inflation is decreasing every year
[2016-08-12 14:08:10] ett1 : http://qz.com/753958/the-65-million-bitfinex-hack-shows-that-it-is-impossible-to-tell-a-good-bitcoin-company-from-a-bad-one/
[2016-08-12 14:08:33] rapidtrades : yeah....kinda agree with that
[2016-08-12 14:08:52] I-am-Legend : ETH is dumping
[2016-08-12 14:09:34] rapidtrades : The company claims to be “based” in Hong Kong, but it appears to have no central office. According to a CFTC document issued after the company was fined, Bitfinex registered in the notoriously opaque British Virgin Islands under the name BFNXA, which owns a Hong Kong subsidiary. The address listed for “Bitfinex Limited” in the Hong Kong’s company registrar is in fact the office for Proxy Management Consultants Ltd—a firm that helps companies incorporate locally.
[2016-08-12 14:10:28] 4lph4 : and that's pretty much the structure all of them companies have, in the best case scenario
[2016-08-12 14:11:26] 4lph4 : and not only the companies that are interested in blockchain technologies
[2016-08-12 14:11:44] rapidtrades : not really
[2016-08-12 14:11:58] rapidtrades : coinbase is american...okc usd and bitmex are HK
[2016-08-12 14:12:02] rapidtrades : afaik
[2016-08-12 14:12:21] 4lph4 : "all of them" might be an over-exaggeration
[2016-08-12 14:12:25] 4lph4 : what I mean is "most of them"
[2016-08-12 14:12:41] rapidtrades : none of them aside from bitfinex would be more accurate
[2016-08-12 14:12:46] 4lph4 : that's how financial companies are incorporated
[2016-08-12 14:12:59] 4lph4 : even the british prime minister has companies in virgin islands
[2016-08-12 14:13:04] rapidtrades : that's starting to change
[2016-08-12 14:13:19] 4lph4 : there is so much filth
[2016-08-12 14:13:56] rapidtrades : in EU u have to follow their rules if u want to advertise funds for example...so there's no advantage to using an offshore jurisdiction
[2016-08-12 14:14:13] rapidtrades : only hurts ur credibility
[2016-08-12 14:14:17] 4lph4 : I am in the EU and I have to say that there are many advantages
[2016-08-12 14:14:25] 4lph4 : first and foremost tax evasion
[2016-08-12 14:14:29] 4lph4 : as well as privacy
[2016-08-12 14:14:59] rapidtrades : to do tax evasion u have to have profits fist
[2016-08-12 14:15:09] rapidtrades : if u can't advertise ur fund how are u gonna make money
[2016-08-12 14:15:31] 4lph4 : tax evasion in the form of being incorporated in a system that has lower taxation
[2016-08-12 14:15:53] 4lph4 : it's so much different to be incorporated in cyprus for instance
[2016-08-12 14:16:03] 4lph4 : as far as taxes are regarded
[2016-08-12 14:16:08] ett1 : 4lph4: camerons dad had a hedge fund, davie doesnt have any offshore companies
[2016-08-12 14:16:13] rapidtrades : well Cyprus is EU so that's different story
[2016-08-12 14:16:30] 4lph4 : though we were talking about EU
[2016-08-12 14:16:34] 4lph4 : thought
[2016-08-12 14:16:35] rapidtrades : it's mostly a regulation thing they're using BVI etc not taxes
[2016-08-12 14:16:51] 4lph4 : ett1: it's the same ett1, come on
[2016-08-12 14:17:21] 4lph4 : ett1: he wouldn't be able to be a PM if it was "his" so he can just transfer it around to trusted people like his dad
[2016-08-12 14:17:21] rapidtrades : i think malta and switzerland don't have any capital taxes so if taxes are the primary reason they would've gone there
[2016-08-12 14:17:25] ett1 : if my dad is a partner of a hedge fund, thats the same as me having my private offshore company>
[2016-08-12 14:17:29] rapidtrades : financial companies i mean
[2016-08-12 14:19:54] ett1 : david cameroins dad set set up a cayman fund "blairmore capital" before he even had a son called david, David cameron now becoming PM has nothing to do with that. and its not shady anyway
[2016-08-12 14:19:57] 4lph4 : yes I think capital gains tax is a major reason, as well as how easy it is to promote your interests through governments etc
[2016-08-12 14:21:09] 4lph4 : ett1: so dave would be broke if he didn't have a job? it's his dad not his, right?
[2016-08-12 14:21:16] ett1 : i dunno about that. david camerons dad just happened to be an old shool investment manager,sent his son to oxbridge and he mad it to pm
[2016-08-12 14:22:33] ett1 : sure, he would have inherited some of the family money. i dont understand. should he have donated it?
[2016-08-12 14:22:50] 4lph4 : ett1: doesn't mean that dave doesn't have any control over the investment, maybe a bit of insider trading, informing his very well trained old school investment manager of a dad about future monetary policies or whatever...
[2016-08-12 14:23:22] 4lph4 : come on ett1, I have no problem with wealthy people and capital in general
[2016-08-12 14:23:25] 4lph4 : but its shady
[2016-08-12 14:24:06] 4lph4 : it's not very ethical to be a PM and have multimillion investments through your dad in an offshore tax paradise
[2016-08-12 14:24:18] ett1 : https://en.wikipedia.org/wiki/Blairmore_Holdings
[2016-08-12 14:24:25] 4lph4 : but let's just forget about dodgy dave
[2016-08-12 14:24:27] rapidtrades : maybe they were actually his dad's investments
[2016-08-12 14:24:36] rapidtrades : idk who cares
[2016-08-12 14:24:40] 4lph4 : exactly
[2016-08-12 14:24:48] 4lph4 : who cares, it doesn't matter what name has been used
[2016-08-12 14:24:59] ett1 : his dad was a hedge fund manager before david was born or even thinking about becoming a doctor or prime minister
[2016-08-12 14:25:00] rapidtrades : lol
[2016-08-12 14:25:02] 4lph4 : I am pretty sure there are a number of legalities that would allow flexibility on that
[2016-08-12 14:25:19] rapidtrades : i don't get what the big deal is...are PMs not allowed to have investments
[2016-08-12 14:25:25] rapidtrades : or is it because its offshore
[2016-08-12 14:25:28] 4lph4 : no they are not actually..
[2016-08-12 14:25:38] 4lph4 : they are in the government
[2016-08-12 14:25:39] rapidtrades : then how do they live
[2016-08-12 14:25:46] 4lph4 : they have more information than the rest
[2016-08-12 14:25:53] rapidtrades : fair point
[2016-08-12 14:25:54] ett1 : maybe ian cameron had a son and forced hi into politics so he could manipulate policy and benefit his clients? is that right @4lph4
[2016-08-12 14:25:55] 4lph4 : they live off the money they are being paid
[2016-08-12 14:25:59] ett1 : and donge tax ofcourse
[2016-08-12 14:26:06] rapidtrades : that's peanuts tho
[2016-08-12 14:26:16] rapidtrades : what was cameron paid...like $5 dollar
[2016-08-12 14:26:17] nip : bfx depth: all asks no bids
[2016-08-12 14:26:20] 4lph4 : it's good enough in most countries
[2016-08-12 14:26:25] sken : what does the leverage slider on the left do
[2016-08-12 14:26:30] sken : i dont get it, i already read teh support
[2016-08-12 14:26:42] sken : anyone care to explain as if i was five
[2016-08-12 14:26:44] rapidtrades : sken: try pushing it all the way to the right :)
[2016-08-12 14:26:44] 4lph4 : I am sure dave makes over 100k legally through his salary
[2016-08-12 14:27:00] nip : sken: i drag it back and forth every few hours to make sure it still works
[2016-08-12 14:27:31] ett1 : 4lph4: politicians can invest in whateve they want. thats why rich people go into politics.
[2016-08-12 14:27:38] sken : any real non troll comments?
[2016-08-12 14:27:40] nip : joking. it determines how much margin you assign to new positions
[2016-08-12 14:27:46] nip : higher leverage means less margin
[2016-08-12 14:27:50] ett1 : congressmen have like 40% annual returns because insider trading is legal for them
[2016-08-12 14:28:00] 4lph4 : ett1: let me remind you that this has been changed in france since renaissance
[2016-08-12 14:28:09] ett1 : UK politicians arnt banned from holding investments
[2016-08-12 14:28:11] 4lph4 : ett1: that's pretty much the case in the US not in europe
[2016-08-12 14:28:15] nip : 50x means you use 2% of the position value as margin
[2016-08-12 14:28:22] BitMEX_Sam : sken: It changes the amount of margin assigned to the position
[2016-08-12 14:28:24] nip : 1/50=2%
[2016-08-12 14:28:31] sken : thanks nip, if i change it to 50x lets say, does that mean im trading more of my money?
[2016-08-12 14:28:41] BitMEX_Sam : In `Cross` mode it means you use your whole account balance to back the position, which puts your liquidation price as far as away as possible by backing it with the most money
[2016-08-12 14:28:45] BitMEX_Sam : As you move it to the right it assigns less margin
[2016-08-12 14:28:50] nip : you are using less margin, but you will be liquidated sooner
[2016-08-12 14:29:03] BitMEX_Sam : So 50x means you're trading with the least margin. Say you had a 1 XBT position, at 50x you'd be only using 0.02 XBT to back it
[2016-08-12 14:29:06] sken : ahh but it does not mean im using more funds for the position right
[2016-08-12 14:29:18] BitMEX_Sam : It doesn't increase/decrease your position size. Only the backing margin
[2016-08-12 14:29:32] BitMEX_Sam : See the Margin column in the positions table
[2016-08-12 14:29:52] 4lph4 : well in the UK they still have lords and dukes and whatever
[2016-08-12 14:29:54] 4lph4 : not the right example
[2016-08-12 14:30:01] 4lph4 : totally corrupt
[2016-08-12 14:30:11] 4lph4 : the abuse of power is enormous
[2016-08-12 14:30:19] sken : ok, is just confusing that it uses a multiplier to show that (10x 15x... 50x)
[2016-08-12 14:32:30] ett1 : im not saying that i agree. but its likely to the the same almost everywhere. my perosnal finances, inheretance, investments etc are private and i can do what i want with them. most politician have a few million id assume and trying to grow it like anyone else probably by investing and collecting commisions for dodgy information etc, though some are broke.
[2016-08-12 14:33:17] ett1 : im suprirised france has a law saying they cant hold investments. im sure theres a loophole though
[2016-08-12 14:33:18] BitMEX_Sam : sken: Well, you're effectively choosing what multiply you wish to trade at.
[2016-08-12 14:34:36] 4lph4 : by the time you become an MP you are not "like everyone else" and you cannot just invest in whatever you want
[2016-08-12 14:34:59] 4lph4 : maybe that's the case in the US, I know that you have to be rich to be a politician in the US, because that's how the system works
[2016-08-12 14:35:17] 4lph4 : however I would argue that in Europe, most of the MPs and politicians generally are just well off, not extremely rich
[2016-08-12 14:35:28] 4lph4 : maybe 5% of them are, that originate from specific filthy families
[2016-08-12 14:37:42] ett1 : "From 2002 until 2007, the fund averaged 116% annual returns, holding blue chip stocks in Apple Inc., Unilever and Coca-Cola"
[2016-08-12 14:37:42] ett1 : lol
[2016-08-12 14:37:53] ett1 : https://en.wikipedia.org/wiki/Blairmore_Holdings
[2016-08-12 14:37:54] sken : is the cost shown bellow the buy sell buttons the fees? fees for a 10,000 short are 4% is that correct?
[2016-08-12 14:38:10] sken : i mean where it says "Cost"
[2016-08-12 14:38:51] BitMEX_Sam : No, that's how much margin it would cost you to open/execute that order
[2016-08-12 14:39:03] 4lph4 : ett1: the article says they even reformed their tax authority lol
[2016-08-12 14:39:15] 4lph4 : ett1: still doubts about dave's involvement?
[2016-08-12 14:39:16] BitMEX_Sam : fees are -0.025%/0.075 maker/taker
[2016-08-12 14:39:26] BitMEX_Sam : intentional `-` there, makers receive rebates
[2016-08-12 14:39:26] 4lph4 : ett1: sure, his name is not registered anywhere
[2016-08-12 14:40:26] ett1 : im not doubting his involvement
[2016-08-12 14:40:28] ett1 : Using bearer shares was not always practical. There were "hundreds" of investors, according to minutes of company meetings, and the printed certificates were kept under lock and key in the Bahamas. Documents relate Ian Cameron having to count stacks of certificates to make sure none had been lost or stolen
[2016-08-12 14:40:31] sken : thanks, what leverage is using to calculate that cost? 1x?
[2016-08-12 14:40:41] ett1 : his name is listed. he was the director
[2016-08-12 14:41:21] zanza : sken you can change the leverage above
[2016-08-12 14:41:37] ett1 : ian cameron knew about cold storage before paper wallets existed!
[2016-08-12 14:41:49] BitMEX_Sam : sken: It changes as you move leverage
[2016-08-12 14:42:06] 4lph4 : ett1: lol
[2016-08-12 14:42:20] 4lph4 : ett1: I am pretty sure they have been heavily invested in bitcoin as well haha
[2016-08-12 14:42:26] 4lph4 : ett1: possibly not at the moment
[2016-08-12 14:42:43] ett1 : who knows, maybe
[2016-08-12 14:43:21] sken : ok, but if i close a position at the same price i opened the pnl would be just the fees + the % from burrowing if i used leverage right?
[2016-08-12 14:43:46] BitMEX_Wally : Correct
[2016-08-12 14:43:59] BitMEX_Wally : The leverage only changes the amount of margin and therefore your liquidation price
[2016-08-12 14:44:30] BitMEX_Wally : The PNL from opening and closing a position is determined by the entry and exit price, and any funding/fees
[2016-08-12 14:44:44] sken : yep thats what i meant
[2016-08-12 14:44:50] sken : thanks you guys have been patient and helpeful
[2016-08-12 14:45:23] ett1 : "his father Ian City stockbroker Ian Cameron - who amassed a £2.74m fortune by the time of his death in 2010-" @4lph4
[2016-08-12 14:45:33] ett1 : http://www.mirror.co.uk/news/uk-news/what-blairmore-holdings-everything-you-7711620
[2016-08-12 14:45:37] BitMEX_Sam : No problem, it's nice to answer questions like this so we know a little bit more about what we should document
[2016-08-12 14:45:58] rapidtrades : who cares.....why don't u help us dig some info on bitfinex here https://www.reddit.com/r/bitfinexcal/comments/4xd3sp/questions_about_class_action_lawsuit/ @ett1
[2016-08-12 14:47:01] 4lph4 : ett1: it also says that the company has been set up when dave was 16, not before he was even born
[2016-08-12 14:48:17] ett1 : my bad
[2016-08-12 14:48:45] ett1 : rapidtrades: ive done a lot on reddit
[2016-08-12 14:49:04] 4lph4 : ett1: lol Ian Cameron was paying himself 20k as an advisor that's funny
[2016-08-12 14:49:19] 4lph4 : ett1: that was probably the threshold for paying income tax or something
[2016-08-12 14:49:29] 4lph4 : ett1: they are amusing
[2016-08-12 14:49:43] ett1 : small fry
[2016-08-12 14:49:54] ett1 : id have expected the numbes to be 10x more
[2016-08-12 14:49:55] 4lph4 : ett1: yeah that's the point, even that!!
[2016-08-12 14:50:28] zanza : crooked Cameron!
[2016-08-12 14:50:35] 4lph4 : ett1: I am sure they are much bigger ett1, pretty sure it was not the only offshore
[2016-08-12 14:51:14] ett1 : nah. theyre just middel class. i think david did well. parents put everthing into a good school education
[2016-08-12 14:51:22] 4lph4 : ett1: but anyway the whole point started from the fact that it's not bitfinex that's crooked, everyone seems to be so shocked about that, if you really think about it they even are underregulated, they could have done worse!
[2016-08-12 14:52:30] 4lph4 : ett1: the whole system is run like that, and most companies tax evade and are shady - even google and facebook in europe
[2016-08-12 14:52:39] ett1 : bitfinex directors made more with their scam than david camoron has made in his lifetime
[2016-08-12 14:52:48] 4lph4 : they are getting fined every year, fb now moved to ireland, again 10% tax etc
[2016-08-12 14:53:03] ett1 : id do the same
[2016-08-12 14:53:06] 4lph4 : ett1: that last one might be true - they probably deserve it more too
[2016-08-12 14:53:19] 4lph4 : ett1: I would probably do the same too
[2016-08-12 14:53:29] 4lph4 : ett1: but let's not act like we are shocked by bitfinex
[2016-08-12 14:53:39] 4lph4 : ett1: like we would never expect something like that
[2016-08-12 14:53:54] ett1 : very true
[2016-08-12 14:59:46] 4lph4 : ett1: gtg good to chat mate
[2016-08-12 15:08:00] rapidtrades : sleger: did they replly to ur request?
[2016-08-12 15:08:37] sleger : rapidtrades: yes : sorry bla bla bla, repeat of the annoucement about socialized losses pretty much
[2016-08-12 15:10:06] rapidtrades : well that sucks...still no reply to mine
[2016-08-12 15:10:18] rapidtrades : so now clock is ticking....3 weeks right?
[2016-08-12 15:12:16] rapidtrades : then we have to force them into liquidation and hope someone buys them up
[2016-08-12 15:16:25] Rado : rapidtrades: hey I still have my BFX coins there :-)
[2016-08-12 15:16:35] Rado : lol
[2016-08-12 15:16:49] Rado : I also have 0.75 BTC in my margin wallet that was for my bot
[2016-08-12 15:16:59] Rado : I guess I should withdraw them
[2016-08-12 15:17:17] Rado : too bad because they had a good API with stop orders and good margin
[2016-08-12 15:19:11] Rado : A lot of alts are pumping now that BTC is stuck
[2016-08-12 15:19:45] Rado : DASH, MAID, VOX, XEM
[2016-08-12 15:38:52] Rado : oh I am going to get paid on next funding
[2016-08-12 15:38:53] Rado : nice
[2016-08-12 15:39:27] Rado : sleger: what's your view on BTC in relation to end of Sept contract?
[2016-08-12 15:39:50] Rado : accumulating on dips maybe?
[2016-08-12 15:40:20] sleger : Rado: no im long enough already, but not super confident
[2016-08-12 15:44:33] Rado : thanks sleger
[2016-08-12 15:44:55] Rado : I don't have much so started to accumulate a bit of Sep
[2016-08-12 15:51:15] HackedOnBFX : mod here?
[2016-08-12 15:52:16] rapidtrades : sleger: why are u long with bitfinex going out of business soon
[2016-08-12 15:52:50] sleger : for 1 bitfinex has to buy a lot of btc with the usd they "stole"
[2016-08-12 15:53:23] sleger : for 2. most margin trading on bfx was people going long who had their positions closed, they might want to retake their long positions elsewhere with new money
[2016-08-12 15:53:48] sleger : basically someone (the hacker) stole 100k long positions, that a large % will have to take again
[2016-08-12 15:54:16] BitMEX_Sam : HackedOnBFX: Hi
[2016-08-12 15:55:10] Rado : rapidtrades: also BTC demand is going up form many different aspects
[2016-08-12 15:55:15] rapidtrades : sleger: i think this will hurt confidence more then the buying pressure from the reasons u listed
[2016-08-12 15:55:48] rapidtrades : im so bearish i might even skip a long signal
[2016-08-12 15:55:53] Rado : people concentrate on issues like Bitfinex or block size, but the overal trend is very bullish in my opinion
[2016-08-12 15:56:02] sleger : it will hurt confidence in bitfinex, and exchanges, not really in bitcoin itself @rapidtrades
[2016-08-12 15:56:09] Rado : agreed
[2016-08-12 15:56:11] rapidtrades : im flat in position tho cos finex raped me with closing my shorts
[2016-08-12 15:56:17] Rado : BTC is here to stay man
[2016-08-12 15:56:23] sleger : i had 400btc short there too...
[2016-08-12 15:56:36] Rado : wow
[2016-08-12 15:56:36] BitMEX_Greg : HackedOnBFX: Hi can I help?
[2016-08-12 15:56:50] Rado : sleger I want to work for you ;-)
[2016-08-12 15:56:52] sleger : But I hedged a big part of btc long with eth long a while ago
[2016-08-12 15:57:49] rapidtrades : i should prolly let price tell me....trading on fundamentals in crypto hasn't worked for me
[2016-08-12 15:58:37] Rado : rapidtrades: there you go
[2016-08-12 15:58:42] Rado : trend is your friend
[2016-08-12 15:58:52] rapidtrades : yeah basically :)
[2016-08-12 15:59:16] sleger : there's also a new altcoin coming soon that is pretty interesting, I know the main guys there and they are very smart and they started working on it a few years ago and detected all the problems that later happened with bitcoin as well as with eth (POS, fork risk, ...)
[2016-08-12 15:59:25] rapidtrades : smth happened in forex caused a ruckus lemme check
[2016-08-12 15:59:27] sleger : So i'll buy a load of that whenever I can
[2016-08-12 15:59:36] rapidtrades : so preoccupied with this bitfinex bs
[2016-08-12 16:00:02] rapidtrades : sleger: cool man
[2016-08-12 16:00:08] BitMEX_Greg : sleger: What's the altcoin? Is it trading anywhere yet?
[2016-08-12 16:00:19] sleger : it doesnt exist yet
[2016-08-12 16:00:40] rapidtrades : i'll trade it if the fees are low but i'm not buying and holding anything no matter how good it looks
[2016-08-12 16:01:11] Rado : sleger: which coin?
[2016-08-12 16:01:20] rapidtrades : well technically I am holding USD if i don't have a trade..so guess that's a position
[2016-08-12 16:01:51] sleger : rapidtrades: depends what world you live in, if you live in a usd world then no, that's not a position
[2016-08-12 16:02:06] rapidtrades : not really europe
[2016-08-12 16:02:26] rapidtrades : i don't trust the ECB with super mario in charge
[2016-08-12 16:02:54] sleger : but usd is pretty high already, not really overvalued but not cheap
[2016-08-12 16:03:09] HackedOnBFX : BitMEX_Greg: hi yes
[2016-08-12 16:03:24] HackedOnBFX : if the funding rate is positive, you receive funding for purchasing the contract?
[2016-08-12 16:04:04] BitMEX_Greg : HackedOnBFX: If the funding rate is positive, then if you go long that contract then you are paying that funding rate. If you short the contract while the funding is positive then you will receive that funding rate
[2016-08-12 16:04:25] sleger : way to answer not clearly at all
[2016-08-12 16:04:35] sleger : HackedOnBFX: no
[2016-08-12 16:04:42] sleger : ^ better way
[2016-08-12 16:05:03] rapidtrades : sleger: USD is the only major currency with a prospect of higher rates in the future
[2016-08-12 16:05:33] rapidtrades : economy is solid, won't go down much even if its high
[2016-08-12 16:06:45] rapidtrades : sleger: did u file the theft with the HK police?
[2016-08-12 16:07:05] rapidtrades : they denied ur request, no reason not to go nuclear now
[2016-08-12 16:07:19] sleger : waiting for fiat withdrawal
[2016-08-12 16:07:30] HackedOnBFX : BitMEX_Greg: thank you
[2016-08-12 16:07:39] rapidtrades : ah...u mean the 64% they left u @sleger
[2016-08-12 16:08:02] HackedOnBFX : BitMEX_Greg: and the contracts with an expiration (not the perp contracts) have no funding rate?
[2016-08-12 16:08:45] sleger : i had half $ half btc so waiting for the reduced $ part
[2016-08-12 16:09:26] rapidtrades : btc got out safe?
[2016-08-12 16:10:19] BitMEX_Greg : HackedOnBFX: Thats correct. So only the swaps (perpetual) have funding. The futures such as the XBJ series and the ETC7D does not have any funding
[2016-08-12 16:11:13] sleger : rapidtrades: yes, few hours wait
[2016-08-12 16:11:36] HackedOnBFX : BitMEX_Greg: how does bitmex make money? the fees are so low.
[2016-08-12 16:17:03] Rado : HackedOnBFX: they have good business model. Don't talk about fees. They are perfect :-)
[2016-08-12 16:17:19] BitMEX_Greg : HackedOnBFX: Purely from turnover
[2016-08-12 16:17:23] BitMEX_Greg : haha
[2016-08-12 16:17:53] lockhedge : HackedOnBFX: with 0.05% revenue capture they still make 5 btc for 10000 btc traded on a relatively good day
[2016-08-12 16:19:03] HackedOnBFX : lockhedge: yeah but thats 6 million in volume lol
[2016-08-12 16:19:04] rapidtrades : sleger: will u 'pull the trigger' in 3 weeks?
[2016-08-12 16:19:11] HackedOnBFX : I doubt they're moving that kind of volume
[2016-08-12 16:19:57] BitMEX_Wally : Turnover on BitMEX in the last 24 hours is around 7000 Bitcoin
[2016-08-12 16:19:58] HackedOnBFX : oh just checked out the volume on the individual contracts, i guess they are damn
[2016-08-12 16:20:08] BitMEX_Wally : http://exchangewar.info/#bitmex
[2016-08-12 16:20:14] HackedOnBFX : thats pretty good
[2016-08-12 16:20:25] justinlooking : Wally, isn't that since 00:00 utc ?
[2016-08-12 16:20:26] zanza : they did a 20k BTC day last week, which would be 10 BTC profit
[2016-08-12 16:20:33] zanza : for XBT only
[2016-08-12 16:21:20] HackedOnBFX : holy hell
[2016-08-12 16:21:26] HackedOnBFX : okcoin 1 million btc in 1 day
[2016-08-12 16:21:39] BitMEX_Wally : justinlooking: We show 24 hour volume which is `volume24h` and `turnover24h` on the API
[2016-08-12 16:21:52] justinlooking : ah k ty
[2016-08-12 16:21:55] HackedOnBFX : lol im not allowed to say o.k.coin?
[2016-08-12 16:21:57] BitMEX_Wally : `volume` and `turnover` on the API are since the start of the current session but we don't show them on the frontend
[2016-08-12 16:30:06] Rado : HackedOnBFX: everyone knows what okcoin means
[2016-08-12 16:30:09] rapidtrades : yeah i may have to go back to okc....i only have 2 sites now
[2016-08-12 16:30:24] rapidtrades : guess i'll try bitvc first
[2016-08-12 16:30:39] rapidtrades : i'd rather not enter that fake trading arena
[2016-08-12 16:31:03] rapidtrades : what do u use guys? need like 3/1 lev minimum
[2016-08-12 16:40:04] rapidtrades : guys?
[2016-08-12 16:40:06] rapidtrades : fellas?
[2016-08-12 16:40:11] rapidtrades : dudes?
[2016-08-12 16:40:14] rapidtrades : bros?
[2016-08-12 16:40:28] Rado : lol
[2016-08-12 16:41:02] HackedOnBFX : I keep getting an alert about my risk limit but im only at 1x leverage
[2016-08-12 16:41:28] rapidtrades : 1x uses a lot of margin that's why
[2016-08-12 16:41:46] HackedOnBFX : i dont understand
[2016-08-12 16:42:18] rapidtrades : 1x means u need to put up full margin....to short 1 btc bitmex will hold 1 btc in margin
[2016-08-12 16:42:44] HackedOnBFX : im at 10%
[2016-08-12 16:42:51] HackedOnBFX : i put 10% of my balance
[2016-08-12 16:42:55] HackedOnBFX : put up*
[2016-08-12 16:42:56] rapidtrades : i think it's unlikely that you will get liquidated tho...what's ur price