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<< >> English 中文 Русский 한국어 日本語 Español Français [2016-08-13 15:39:28] ersagun : http://austeritysucks.com/swapmans-futures-arbitrage-walkthrough.html [2016-08-13 15:40:55] rapidtrades : can u post the names of the trading instruments in that article [2016-08-13 15:42:34] ersagun : " BitMEX XBU " for instance [2016-08-13 15:42:50] ersagun : "This strategy only works when futures are trading at a premium and for the right type of contract: Inverse Contracts or any derivatives which can lock in the USD value somehow (OKCoin, Bitmex XBU, and CryptoFacilities). XBT (quanto) contract payout structure is different and less effective for arbing because you have to constantly rebalance" [2016-08-13 15:43:28] rapidtrades : ah premium [2016-08-13 15:44:12] rapidtrades : pretty self-explanatory....if prices here are at 590 and spot is at 585, shorting makes sense [2016-08-13 15:44:31] rapidtrades : eventually prices will revert [2016-08-13 15:44:46] rapidtrades : so if u use reasonable risk, u would be ok [2016-08-13 15:45:07] rapidtrades : but ur still exposed to calwback risk and counter-party risk [2016-08-13 15:45:57] rapidtrades : premiums or discount usually happen during volatile markets and thats' when u get clawbacks too [2016-08-13 15:49:55] ersagun : but how would I make a profit if the price increases? wouldn't I lose BTC thanks to my short position? Yes, the BTC I have will be worth more but would that result in profit? [2016-08-13 15:50:23] BitMEX_Wally : You would neither make a profit or a loss. [2016-08-13 15:50:36] BitMEX_Wally : You would have a hedged position so are immune to price changes [2016-08-13 15:50:53] ersagun : BitMEX_Wally: that's what I understand. but the guide claims otherwise [2016-08-13 15:51:15] BitMEX_Wally : If the funding rate is positive then you make a profit from shorting the swap [2016-08-13 15:51:31] BitMEX_Wally : Or if you're looking at futures, you make a profit from selling the future at a price higher than you buy spot [2016-08-13 15:51:33] ersagun : but you never know the rates [2016-08-13 15:51:44] ersagun : I mean, anticipate for mid-term [2016-08-13 15:53:25] BitMEX_Wally : On average they are positive, but due to the Bitfinex debacle they have been negative recently [2016-08-13 15:53:49] rapidtrades : BitMEX_Wally: positive as in longs get paid? [2016-08-13 15:54:16] ersagun : on positive, longs pay shorts I believe [2016-08-13 15:56:35] BitMEX_Wally : Correct [2016-08-13 16:00:06] rapidtrades : but if u see a minus that means longs get paid [2016-08-13 16:01:25] arbitrage001 : haha [2016-08-13 16:01:28] arbitrage001 : bfxcoin going up [2016-08-13 16:01:38] arbitrage001 : guess i am not totally stupid [2016-08-13 16:01:45] arbitrage001 : buying at less than 0.3 [2016-08-13 16:02:06] rapidtrades : like i said...announcement could be coming soon [2016-08-13 16:02:16] rapidtrades : these ppl inside the shit out of trading [2016-08-13 16:03:35] arbitrage001 : told you 0.3 is a good bet [2016-08-13 16:04:13] arbitrage001 : you could spend a few millions to develop and exchange and it may turn out like gemini or itbit [2016-08-13 16:04:26] arbitrage001 : investment down the sink [2016-08-13 16:07:52] zanza : http://www.zerohedge.com/news/2016-08-11/expert-says-rising-rapes-sweden-due-global-warming-not-soaring-muslim-immigation [2016-08-13 16:23:58] Rado : shit coin is going up [2016-08-13 16:24:08] Rado : back over 0.0006 [2016-08-13 16:24:15] Rado : or 0.35 USD [2016-08-13 16:40:32] laisee : the hackers are buying it up, maybe [2016-08-13 16:42:31] JH : not for long [2016-08-13 16:50:57] bernx : BitMEX_Wally: wtf with FCT? [2016-08-13 16:51:18] BitMEX_Sam : Looks like the main quoter dropped because of that large crash [2016-08-13 16:57:05] rapidtrades : BitMEX_Sam: any profit from bfx is released friday? [2016-08-13 17:00:16] BitMEX_Sam : rapidtrades: Yes [2016-08-13 17:07:17] rapidtrades : lots of Americans reporting issues https://www.reddit.com/r/Bitcoin/comments/4xiyp0/bitfinex_us_accounts_frozen/ [2016-08-13 17:12:10] rapidtrades : 36 cents...nice [2016-08-13 17:12:40] rapidtrades : they are definitely working on the announcement lol [2016-08-13 17:12:45] rapidtrades : these ppl are snakes man [2016-08-13 17:14:36] laisee : profitable snakes. [2016-08-13 17:16:27] rapidtrades : it was a nonstop rise past few hrs....smone knows smth [2016-08-13 17:18:43] rapidtrades : is 25e extra good price to get extra 16gb storage and 1gb memory on a phone [2016-08-13 17:19:15] rapidtrades : how much do those 16gb storage thinggies go for these days? [2016-08-13 17:20:03] BitMEX_Sam : Practically nothing [2016-08-13 17:20:06] BitMEX_Sam : $12 or so [2016-08-13 17:20:35] BitMEX_Sam : I'd find the extra RAM more compelling, I find my phone running out all the time even with 3GB [2016-08-13 17:20:59] laisee : 9.88 @ Walmart [2016-08-13 17:21:43] rapidtrades : so would u guys pay that 25e extra or what...doubt i'll need 32gb soon if ever [2016-08-13 17:22:29] laisee : depends - how much use for the phone and kind of apps? [2016-08-13 17:22:47] BitMEX_Sam : I would for the RAM [2016-08-13 17:23:07] BitMEX_Sam : the storage... depends on whether or not you take a lot of photos or store a lot of local music [2016-08-13 17:23:11] rapidtrades : just general trading aps and normal stuff...skype etc [2016-08-13 17:23:13] BitMEX_Sam : and whether or not it has an SD slot [2016-08-13 17:23:17] rapidtrades : i don't game on mobiles [2016-08-13 17:23:20] laisee : i know people fill up the phone with pics and videos. others need RAM for apps - like SAM says [2016-08-13 17:23:37] rapidtrades : BitMEX_Sam: yea there's extra storage but it replaces one of the sim slots [2016-08-13 17:23:52] BitMEX_Sam : That's probably fine [2016-08-13 17:25:58] rapidtrades : so how much of a difference would 2gb vs 3gb make....my last phone was kinda trash 1gb i think? [2016-08-13 17:27:17] rapidtrades : i don't have a reference point on the perf boost if any [2016-08-13 17:27:54] laisee : more is better, but also depends on CPU [2016-08-13 17:31:05] I-am-Legend : hi guys [2016-08-13 17:31:13] I-am-Legend : what is the limit thing [2016-08-13 17:31:55] BitMEX_Wally : https://www.bitmex.com/app/riskLimits [2016-08-13 17:36:21] I-am-Legend : i want to place contract get message saying you have to increase limit i was at the first level [2016-08-13 17:36:32] I-am-Legend : do i pay more going up to next level in fees [2016-08-13 17:36:52] I-am-Legend : what is that system for protect against losses ? [2016-08-13 17:39:44] CryptoWealth : BitMEX_Wally: Question: is the swap lending rate still paid out from longs to shorts? [2016-08-13 17:41:23] BitMEX_Sam : I-am-Legend: You do not pay more fees, you are simply required to put up more margin [2016-08-13 17:41:43] BitMEX_Sam : It effectively limits your maximum leverage if your position gets too large, which helps prevent excessively large liquidations that could cause DPE [2016-08-13 17:45:03] CryptoWealth : BitMEX_Sam: Just want to make sure I understand all the settlement details. Perpetual swaps lock in profits or losses 3 times a day and swap fees are paid from longs to shorts. Am I correct in my understanding? Thanks [2016-08-13 17:45:46] BitMEX_Sam : They lock in PNL once a day, funding is paid three times a day [2016-08-13 17:46:18] BitMEX_Sam : So rebalance (lock in PNL) is every day at 12:00 UTC, funding is 12:00, 20:00, and 04:00 [2016-08-13 17:46:56] CryptoWealth : BitMEX_Sam: I see, and funding is still longs pay shorts to compensate for the fact that shorts still hold bitcoin? [2016-08-13 17:47:51] BitMEX_Sam : Funding is an approximation of the daily futures premium you would pay on a traditional future [2016-08-13 17:48:03] BitMEX_Sam : Both sides of the transaction are technically holding bitcoin. [2016-08-13 17:51:24] CryptoWealth : BitMEX_Sam: True. I just want to make sure I understand the full details for a video. The system changed a bit since I was actively trading here a lot. From what I understand, if I'm in a short position I receive funding from longs? So if timed right I can use it as a means to create passive income. Thanks [2016-08-13 17:52:03] BitMEX_Sam : Yes, that's correct. Now, there may be days where funding is negative, which simulates a basis swing. But it tends positive. See https://www.bitmex.com/app/fundingHistory [2016-08-13 17:52:26] CryptoWealth : ok thanks [2016-08-13 17:57:12] rapidtrades : BitMEX_Sam: do u think bitfinex outtage few weeks ago could have smth to do with the hack? seems too coincidental [2016-08-13 17:57:51] BitMEX_Sam : rapidtrades: I've heard rumors that something may have been intercepted during the datacenter move, but nothing is confirmed. [2016-08-13 17:58:28] rapidtrades : is that move done online? [2016-08-13 17:59:45] BitMEX_Sam : I believe they set up a mirror dc then switched over, but there were issues with the switch. No info released on whether or not the data was transferred online or physically [2016-08-13 18:01:11] rapidtrades : in any case it would be encrypted i would think? [2016-08-13 18:01:24] rapidtrades : then again its bitfinex lol [2016-08-13 18:01:56] rapidtrades : prolly sent it as email attachment [2016-08-13 18:02:27] BitMEX_Sam : I'm sure they sent it over ssh/rsync if they did it online [2016-08-13 18:03:33] Poop : how is realised profit and loss calculated [2016-08-13 18:03:35] Poop : over time? [2016-08-13 18:05:32] rapidtrades : BitMEX_Sam: how sure are u? because we were sure 95% of their coins were in cold storage [2016-08-13 18:06:25] BitMEX_Sam : Well. I can't imagine doing it any other way. I doubt anyone with more than a month of sysadmin experience would do anything else. All speculation [2016-08-13 18:06:36] BitMEX_Sam : Poop: Yes it is calculated in realtime. [2016-08-13 18:07:18] rapidtrades : my instinct tells me they're guilty [2016-08-13 18:07:19] BitMEX_Sam : It is calculated over the lifetime of the contract. So if you open and close a position, and open and close another one, it is the total of PNL for both. [2016-08-13 18:07:40] rapidtrades : they either royally messed up or they were running some scheme in house [2016-08-13 18:07:52] rapidtrades : insider trading, house bots etc [2016-08-13 18:08:26] pigeons : The authenticity of host newdc.bitfinex.com cannot be established. ECDSA Key fingerprint blahh. Are you sure you want to continue connecting? [2016-08-13 18:08:30] BitMEX_Sam : I can't speculate on that, we really don't know. [2016-08-13 18:08:50] rapidtrades : they seem very desperate to avoid liquidation and outside parties getting involved [2016-08-13 18:08:55] laisee : rapidtrades: it was known that BFX were using BitGo, therefore not Cold storage [2016-08-13 18:09:02] rapidtrades : they're hiding smth [2016-08-13 18:09:10] BitMEX_Sam : Well, they claimed (and continue to claim) that only 0.5% was hot in BitGo [2016-08-13 18:09:16] rapidtrades : yes ^^^ [2016-08-13 18:09:23] BitMEX_Sam : https://www.bitfinex.com/security_policy [2016-08-13 18:09:27] rapidtrades : the email said 'hot wallet' tho [2016-08-13 18:09:31] rapidtrades : notice the '' [2016-08-13 18:09:47] BitMEX_Sam : >>> Multi-sig Hot wallet Provided by BitGo (BitGo FAQ) Only holds minimal amounts (~0.5% of customer funds) [2016-08-13 18:09:49] rapidtrades : but yeah the assumtion was that the rest was in cold [2016-08-13 18:10:16] BitMEX_Sam : Yeah that's a very reasonable assumption from what that says. [2016-08-13 18:11:20] laisee : "~" ... maybe 0.5% means 0.50 percent. not everyone is god at math ;-/ [2016-08-13 18:11:52] rapidtrades : cospiracy theory: okc and bitfinex were both running in house bots and got caught during that huge rally [2016-08-13 18:12:17] rapidtrades : so they made a deal....okc to cap the premium will finex manufactured the outtage [2016-08-13 18:12:24] laisee : both? but okc didn't invent big story? [2016-08-13 18:12:32] rapidtrades : effectively killed the rally [2016-08-13 18:12:55] rapidtrades : yeah just talking about of my ass here [2016-08-13 18:13:12] rapidtrades : but shady ppl tend to stick together [2016-08-13 18:13:25] laisee : gotta say BFX were pretty organized to get the BFX coin up and running while recovering from hack also. [2016-08-13 18:13:40] rapidtrades : they had 10+ days? [2016-08-13 18:14:11] rapidtrades : what's there to organize...just replaced 36% with fake tokens [2016-08-13 18:14:15] laisee : 10 days to implement new coin while rebuilding all servers ... not easy [2016-08-13 18:14:28] rapidtrades : it's not a coin just an item in their database [2016-08-13 18:14:28] BitMEX_Sam : Extremely not easy [2016-08-13 18:14:45] BitMEX_Sam : I don't believe it's possible to do a full security audit in that amount of time unless you already know for sure how the hack happened [2016-08-13 18:15:01] rapidtrades : well that's reassuring [2016-08-13 18:15:24] laisee : BitMEX_Sam: then they knew and prepared b4 announcing the event [2016-08-13 18:16:00] rapidtrades : no i think they're just winging it cos they're desperate [2016-08-13 18:16:13] BitMEX_Sam : From scratch, finding and vetting computer forensics experts and getting them in there to audit all your systems would take at least a month, no question [2016-08-13 18:16:57] laisee : yes, exactly. then taking aoart the whole thing to study weakness, identify trail of events ... months [2016-08-13 18:17:50] BitMEX_Sam : This probably explains why not all funds were taken: https://i.imgur.com/kO3nt88.jpg [2016-08-13 18:17:56] rapidtrades : so either an inside job or a massive screw up [2016-08-13 18:18:15] rapidtrades : or they're just being amateurs in restarting so fast [2016-08-13 18:19:26] rapidtrades : BitMEX_Sam: so US accounts were not hackable cos 1 key was missing? [2016-08-13 18:19:28] BitMEX_Sam : I believe they believe that time is of the essence in terms of getting back up, starting to collect fees & getting investment [2016-08-13 18:19:45] BitMEX_Sam : rapidtrades: I think that means that all US accts were emptied but not other jurisdictions, because they didn't use BitGo [2016-08-13 18:19:46] rapidtrades : yeah me too....they're risking it [2016-08-13 18:19:51] laisee : rapidtrades: making money to no 1 [2016-08-13 18:19:54] BitMEX_Sam : But I don't know that for sure. [2016-08-13 18:20:05] BitMEX_Sam : Well, if they can get external investment and pay people back ASAP all this trouble basically goes away [2016-08-13 18:20:17] rapidtrades : BitMEX_Sam: that confirms my experience...my wallet wasn't emptied [2016-08-13 18:20:18] BitMEX_Sam : Where the wrench gets thrown into it is where people have already sold their BFX tokens [2016-08-13 18:20:44] laisee : why is that? [2016-08-13 18:20:47] nip : rapidtrades: you wallet was emptied by bfx after the fact [2016-08-13 18:20:50] BitMEX_Sam : So they have realized their loss. [2016-08-13 18:20:56] rapidtrades : nip: true :) [2016-08-13 18:21:04] BitMEX_Sam : They would still have a claim of lost funds. [2016-08-13 18:21:04] nip : :( [2016-08-13 18:21:18] BitMEX_Sam : I don't believe they should have allowed BFX trading so soon, it makes recovery so much messier. [2016-08-13 18:21:23] nip : so sell your tokens and you cant lose? [2016-08-13 18:21:30] BitMEX_Sam : Maybe. [2016-08-13 18:21:33] rapidtrades : i think so yeah [2016-08-13 18:21:46] rapidtrades : i only keep mine cos they still haven't replied to my email [2016-08-13 18:21:57] nip : it makes sense. i agree they shouldnt be trading tokens [2016-08-13 18:22:06] laisee : BitMEX_Sam: they are trying to move past the event so fast that no-one can catch them out [2016-08-13 18:22:09] rapidtrades : all of it was rushed it was a mess [2016-08-13 18:22:17] BitMEX_Sam : It also opens up the possibility of massive fraud - if BFX buys their own debt for pennies on the dollar... they claim they aren't of course but there is certainly incentive to [2016-08-13 18:22:46] BitMEX_Sam : laisee: Yeah I agree. Well, they took a massive risk by opening back up so soon. The hacker may still be inside waiting for an opening. [2016-08-13 18:22:49] rapidtrades : USD holders like me got raped over 36% because they closed out shorts way above market and 2. we had to pay a premium to buy BTC and get out [2016-08-13 18:23:09] BitMEX_Sam : Yeah. That market was very odd. It went into a discount for the better part of a day, some people got BTC out at very nice prices [2016-08-13 18:23:17] BitMEX_Sam : I have no idea why that happened. [2016-08-13 18:23:57] rapidtrades : prices plummeted at mtgox during the problems cos ppl wanted USD in the liquidation [2016-08-13 18:24:21] BitMEX_Sam : Oh sure. But by all means BTC should be trading at a premium there [2016-08-13 18:24:36] BitMEX_Sam : Especially since BTC withdrawals have been verified to work. I don't believe any USD withdrawals have been received yet. [2016-08-13 18:24:59] rapidtrades : hmm yeah, BTC is still the exit point [2016-08-13 18:25:33] laisee : like other exchanges ... premium on the most liquidatable currencies [2016-08-13 18:26:08] rapidtrades : look at btce...u can only take out BTC yet a near constant discount [2016-08-13 18:26:56] rapidtrades : well to clarify most ppl use BTC to get in/out [2016-08-13 18:27:48] laisee : btc-e. hmmmm [2016-08-13 18:27:56] rapidtrades : BitMEX_Sam: what do u think about this https://www.reddit.com/r/Bitcoin/comments/4xjz4b/bitfinex_still_holding_funds_frozen/ [2016-08-13 18:28:07] rapidtrades : why are they being asked for their key [2016-08-13 18:28:20] rapidtrades : i thought 2/3 keys unlocks the funds? [2016-08-13 18:28:35] BitMEX_Sam : It does. [2016-08-13 18:28:37] BitMEX_Sam : Something is up. [2016-08-13 18:28:44] laisee : BitGo lost their copy? [2016-08-13 18:28:46] rapidtrades : yikes [2016-08-13 18:28:52] BitMEX_Sam : Can anyone confirm they actually were provided a key? I haven't heard that [2016-08-13 18:29:18] BitMEX_Sam : Still seems like there is rampant confusion re: who is actually BitGo's customer, whether it's the BFX user or BFX itself [2016-08-13 18:30:00] BitMEX_Sam : That is a really bad sign. I can't fathom why they would ask this, especially for users that don't even have BTC balances [2016-08-13 18:30:10] BitMEX_Sam : Hope it is just a screwup but of course someone had to draft that email. [2016-08-13 18:30:43] rapidtrades : bad sign because? [2016-08-13 18:31:18] BitMEX_Sam : Because there are only two reasons to ask for this: 1. They want to verify your identity, or 2. They lost the key [2016-08-13 18:31:32] BitMEX_Sam : And there are plenty of other ways they can (and do) verify your identity. [2016-08-13 18:31:42] rapidtrades : i'd go with door n2 as well [2016-08-13 18:32:41] rapidtrades : so it again points to that database move? smth went very wrong there [2016-08-13 18:32:53] BitMEX_Sam : Possible that backups were compromised [2016-08-13 18:33:02] BitMEX_Sam : But this, if true, indicates multiple screwups [2016-08-13 18:33:16] lockhedge : most likely reason: an agency (or just BitGO's compliance department) on their own initiative has stopped BitGO from co-signing on Bitfinex's direction [2016-08-13 18:33:27] rapidtrades : conspiracy theory...they LOST ALL KEYS and they invented the hack so they can sweep all those funds in one address [2016-08-13 18:33:33] BitMEX_Sam : Either BFX lost its hot, AND lost its backup key, or BFX lost one of the keys & BitGo lost theirs too [2016-08-13 18:33:50] BitMEX_Sam : I don't believe they gave privkeys to US customers anyway - never heard of that or experienced it [2016-08-13 18:34:02] BitMEX_Sam : They claimed it was 1x BFX hot, 1x BFX backup & 1x BitGo [2016-08-13 18:34:32] rapidtrades : this is like the Twilight Zone...some weird shit going on [2016-08-13 18:34:33] lockhedge : BitMEX_Sam: you never got a private key as verified U.S. customer? [2016-08-13 18:34:37] BitMEX_Sam : Ah. Someone on Telegram saying only verified accts got one. [2016-08-13 18:34:43] BitMEX_Sam : lockhedge: ^^ Wasn't aware of that. [2016-08-13 18:35:05] BitMEX_Sam : Never verified personally, just BTC in & out [2016-08-13 18:35:08] rapidtrades : what group on telegram? whale thinggy? [2016-08-13 18:35:15] BitMEX_Sam : Yeah Whalepool [2016-08-13 18:35:20] rapidtrades : ah cool [2016-08-13 18:35:40] rapidtrades : i have a really bad feeling about this [2016-08-13 18:35:59] rapidtrades : i'll prolly sell my tokens right after their announcement [2016-08-13 18:36:01] BitMEX_Sam : I believe lockhedge has the correct explanation, that makes sense to me. [2016-08-13 18:36:25] rapidtrades : still doesn't explain why they need the key tho [2016-08-13 18:36:39] BitMEX_Sam : They just don't seem to have the processes in place to actually segment users who have BTC balances or not. And I wonder what they will do when a user claims they have lost that key. [2016-08-13 18:36:52] BitMEX_Sam : Also it doesn't seem that uploading it to BFX is the right move if BitGo is denying signing. [2016-08-13 18:38:24] rapidtrades : plenty of ppl reporting frozen balances here..i think mostly verified Americans https://www.reddit.com/r/Bitcoin/comments/4xiyp0/bitfinex_us_accounts_frozen/ [2016-08-13 18:38:47] laisee : hmmm. we an see the multi-sig idea has its downsides in some sceanrios [2016-08-13 18:39:04] rapidtrades : the simpler explanation is they're mad cos synapse locked them out [2016-08-13 18:39:25] rapidtrades : so they're using this key excuse to delay [2016-08-13 18:39:26] laisee : synapse? [2016-08-13 18:39:33] nip : synapse probably doesnt want to be named in the lawsuit [2016-08-13 18:40:03] rapidtrades : all Americans with synapse pay got 100% of USD back @laisee [2016-08-13 18:40:32] laisee : ah, right. forgot about that little exit route [2016-08-13 18:41:12] rapidtrades : one guy says he had mostly BTC and only $5 usd and they've freezed his withdrawals...brutal [2016-08-13 18:48:12] laisee : makes sense, they are in fear of US authorities. but then wny issue a new coin before any cause found or employees proven to be innocent? [2016-08-13 18:50:33] BitMEX_Sam : Honestly multisig is a great thing, just not when poorly implemented [2016-08-13 18:50:42] BitMEX_Sam : Only downside to multisig is larger txs [2016-08-13 18:56:52] rapidtrades : how well is bitcoin wallet encryption?if I have set a pass I can still get keylogged right [2016-08-13 18:58:03] rapidtrades : they should do that keyboard thingy so u don't have to type it in [2016-08-13 20:56:16] Tetsuo : I'm bullish on BTC and all you beartrolls can't do shit about it! [2016-08-13 21:17:41] rapidtrades : the only bullish scenario i can imagine is if finex gets investors [2016-08-13 21:17:59] rapidtrades : and i suspect they went to great lengths to avoid that [2016-08-13 22:33:14] jonny : lol bitmex added bitfinex token? [2016-08-13 22:33:27] jonny : i quit:D [2016-08-13 22:53:02] zanza : Maid is looking pretty hot [2016-08-13 23:26:29] I-am-Legend : HEY GUYS [2016-08-13 23:26:54] I-am-Legend : a question for the pros here.. im noob :-) [2016-08-13 23:27:47] I-am-Legend : what is the difference between closing the contracts yourself & rebalance i know after rebalance is open but your position base price is changed [2016-08-13 23:28:05] I-am-Legend : what i mean is in relation to fees & profits [2016-08-13 23:28:48] I-am-Legend : is it better to close positions before rebalance or keep open ? [2016-08-13 23:29:45] I-am-Legend : im in ETH short now in profit next rebalance in 12 hours was thinking about closing , problem after rebalnce is your base becomes lower in a winning position [2016-08-13 23:39:32] I-am-Legend : anyone there can help me out.. no mods here ? [2016-08-13 23:42:57] zanza : opening and closing a trade, you have to pay fees each time [2016-08-13 23:43:08] zanza : rebalance happens automatically 3x per day [2016-08-13 23:44:03] zanza : funding rate happens 3x per day, rebalance is different maybe [2016-08-13 23:49:44] I-am-Legend : rebalance is one per day [2016-08-13 23:58:25] micmix : I-am-Legend: usually closing position before rebalance and re-opening it again after is more expensive than keeping it [2016-08-14 00:09:10] BitMEX_Greg : I-am-Legend: Hi is there something I can help you out with or has your question been answered? [2016-08-14 00:11:37] REKT : Liquidated long on `FCTXBT`: Sell 700 @ 0.003623 [2016-08-14 01:13:43] I-am-Legend : hey greg just wanted to understand if its better to close position & open fresh after rebalance [2016-08-14 01:14:12] I-am-Legend : regarding fees & interest . [2016-08-14 01:43:14] twoshoes22 : Is my bfxcoin long position accruing open interest. I cant tell what this realized profit is [2016-08-14 01:44:01] ayy_lmao : thats the taker fee prob [2016-08-14 01:44:05] ayy_lmao : one time [2016-08-14 01:54:57] twoshoes22 : Maker fee you mean ( limit order ) [2016-08-14 01:55:21] ayy_lmao : yah [2016-08-14 02:22:36] REKT : Liquidated short on `ETC7D`: Buy 104 @ 0.003368 [2016-08-14 03:10:37] REKT : Liquidated long on `XBTUSD`: Sell 500 @ 579.85 [2016-08-14 03:10:42] REKT : Liquidated long on `XBTUSD`: Sell 2930 @ 579.45 [2016-08-14 03:10:42] REKT : Liquidated long on `XBTUSD`: Sell 100 @ 579.39 [2016-08-14 03:12:05] herpinator : big red dildo [2016-08-14 03:15:33] REKT : Liquidated long on `XBTUSD`: Sell 50 @ 579.28 [2016-08-14 03:15:33] REKT : Liquidated long on `XBTUSD`: Sell 11111 @ 579.27 [2016-08-14 03:15:33] REKT : Liquidated long on `XBTUSD`: Sell 840 @ 579.16 [2016-08-14 03:15:33] REKT : HODL HODL HODL! [2016-08-14 03:17:02] REKT : Liquidated long on `XBTUSD`: Sell 700 @ 578.85 [2016-08-14 03:17:02] REKT : Liquidated long on `XBTUSD`: Sell 1000 @ 578.64 [2016-08-14 03:17:31] ayy_lmao : rapidtrades: https://twitter.com/ferdousbhai/status/764661235182886912 [2016-08-14 03:18:15] ayy_lmao : polo seized white hat etc dao funds, so they will prob do the same with dark dao [2016-08-14 03:18:50] ayy_lmao : https://blog.bity.com/2016/08/13/the-white-hats-and-dao-wars-behind-the-scenes/ [2016-08-14 03:20:32] ayy_lmao : *if dark dao hacker is dumb enough to send to polo that is [2016-08-14 03:20:46] ayy_lmao : gonna have to sell that shit otc [2016-08-14 03:24:53] Rado : Chinese Court Awards Damages Against OKCoin, Says It Operates Illegally [2016-08-14 03:25:15] pigeons : we know he or she is smarter than ethereum developers [2016-08-14 03:25:17] Rado : not sure if the small drop can be attributed to this news [2016-08-14 03:25:26] Rado : pigeons: he he [2016-08-14 03:25:28] Rado : true [2016-08-14 03:41:57] miramm1115 : Rado: it was a very old case from 2014, not sure why it's making news now [2016-08-14 04:05:44] Muhammed : Hey guys noob question here but what market does bitmex get their Mark Price or btc [2016-08-14 04:14:20] miramm1115 : Muhammed: https://www.kaiko.com/bitmex [2016-08-14 04:16:46] miramm1115 : that's the index, mark price includes funding basis as described here: https://www.bitmex.com/app/swapsGuide [2016-08-14 05:47:05] rapidtrades : anyone on steemit? how the f*ck do u attach photos [2016-08-14 05:53:46] rapidtrades : nvm looks like u have to use external source [2016-08-14 06:11:55] rapidtrades : hmmm tokens stable bitcoin down [2016-08-14 07:19:07] nip : anyone have a good bfx token chart? [2016-08-14 07:19:21] nip : with market depth [2016-08-14 07:20:30] rapidtrades : is it not on TV yet? [2016-08-14 07:39:07] REKT : Liquidated short on `ETHXBT`: Buy 22 @ 0.02011 [2016-08-14 07:49:54] ayy_lmao : https://cryptowat.ch/bitfinex/bfxusd/1h [2016-08-14 07:50:08] ayy_lmao : ^ bfx [2016-08-14 09:00:30] rapidtrades : 37 cents...yep announcement coming soon [2016-08-14 09:01:10] Martinos : so you suggest that announcement would be positive? [2016-08-14 09:01:58] rapidtrades : i think initially yeah [2016-08-14 09:02:32] rapidtrades : cos if they offer anything it would be better then the f*ck all we're getting atm [2016-08-14 09:03:04] Martinos : yeah could be dont know [2016-08-14 09:03:10] Martinos : could be each way [2016-08-14 09:10:22] rapidtrades : buying has been very slow and methodical...may indicate inside jarb [2016-08-14 09:14:07] rapidtrades : do u guys hold any tokens? what's ur selling point [2016-08-14 09:14:25] Martinos : no i dont trade that [2016-08-14 10:04:07] REKT : Liquidated long on `ETC7D`: Sell 140 @ 0.003278 [2016-08-14 10:21:45] rapidtrades : 39.5 niceee [2016-08-14 10:29:49] rapidtrades : aaand 40 [2016-08-14 10:35:30] ayy_lmao : wow [2016-08-14 10:35:34] ayy_lmao : my feed was paused the whole time [2016-08-14 10:35:44] ayy_lmao : just refreshed bfx chart lmao [2016-08-14 10:36:37] rapidtrades : dam that sucks [2016-08-14 10:37:02] rapidtrades : been watching here the whole time, im trusting that bitmex doesn't f*ck me [2016-08-14 10:43:24] arbitrage001 : bfx token here is 25% below spot [2016-08-14 10:43:27] arbitrage001 : ? [2016-08-14 10:52:48] zanza : wtf [2016-08-14 10:52:54] zanza : BFX mooning? [2016-08-14 10:56:26] rapidtrades : arbitrage001: buy it then bitch [2016-08-14 10:57:47] rapidtrades : .405 on finex [2016-08-14 10:57:51] rapidtrades : weeeeeeeeeeee [2016-08-14 10:58:57] rapidtrades : 41 hmmmm no announcement yet? [2016-08-14 11:01:42] rapidtrades : smone knows smth [2016-08-14 11:03:24] rapidtrades : very volatile right now [2016-08-14 11:04:45] rapidtrades : price acion says announcement imminent [2016-08-14 11:05:06] rapidtrades : and i forgot to buy popcorn [2016-08-14 11:16:16] arbitrage001 : rapidtrades: already bought at lot at finex when price is less than 0.3 [2016-08-14 11:19:33] rapidtrades : u need ur head examined m8 [2016-08-14 11:23:50] arbitrage001 : current price speaks louder than words [2016-08-14 11:24:19] arbitrage001 : you need to learn how to trade and observe outcome on every assumption you made [2016-08-14 11:28:18] rapidtrades : i longed small amount below here but only cos we had 5% discount [2016-08-14 11:43:24] laisee : rapidtrades: BFX is a steal [2016-08-14 11:55:02] REKT : Liquidated long on `XBTUSD`: Sell 2 @ 577.75 :punch: :whale: [2016-08-14 11:55:10] REKT : Liquidated long on `XBTUSD`: Sell 400 @ 576.67 [2016-08-14 11:55:13] REKT : Liquidated long on `XBTUSD`: Sell 32750 @ 575.36 **MEGA-REKT** :boom: [2016-08-14 11:55:13] ayy_lmao : damn son [2016-08-14 11:55:14] ayy_lmao : rekt [2016-08-14 11:55:23] macios15 : nice [2016-08-14 11:55:38] macios15 : catched 574 [2016-08-14 11:56:37] REKT : Liquidated long on `XBTUSD`: Sell 2000 @ 575.13 [2016-08-14 11:56:37] REKT : Liquidated long on `XBTUSD`: Sell 1460 @ 575.17 [2016-08-14 11:56:37] REKT : :btc: :soon: :toilet: [2016-08-14 11:56:46] REKT : Liquidated long on `XBTUSD`: Sell 5000 @ 574.71 [2016-08-14 11:56:46] REKT : Liquidated long on `XBTUSD`: Sell 9000 @ 574.95 [2016-08-14 11:56:46] REKT : Liquidated long on `XBTUSD`: Sell 7900 @ 574.94 [2016-08-14 11:56:46] REKT : Liquidated long on `XBTUSD`: Sell 40 @ 574.89 [2016-08-14 11:56:46] REKT : Liquidated long on `XBTUSD`: Sell 22007 @ 574.65 **MEGA-REKT** :boom: [2016-08-14 11:56:46] REKT : Liquidated long on `XBTUSD`: Sell 1000 @ 575.00 [2016-08-14 11:57:27] REKT : Liquidated long on `XBTUSD`: Sell 24000 @ 574.20 **MEGA-REKT** :boom: [2016-08-14 11:57:27] REKT : Liquidated long on `XBTUSD`: Sell 37970 @ 574.06 **MEGA-REKT** :boom: [2016-08-14 11:57:33] REKT : Liquidated long on `XBTUSD`: Sell 12000 @ 573.77 [2016-08-14 11:57:36] macios15 : nice rekts [2016-08-14 11:58:48] REKT : Liquidated long on `XBTUSD`: Sell 5500 @ 572.94 [2016-08-14 11:58:48] REKT : Liquidated long on `XBTUSD`: Sell 598 @ 572.70 [2016-08-14 11:59:59] laisee : thanks to Bitfinex for switching ~36% of perfolio from BTX to BFX [2016-08-14 12:00:13] kogroken : Bitfuchs [2016-08-14 12:01:40] laisee : Bitfockers? [2016-08-14 12:01:59] rapidtrades : laisee: what [2016-08-14 12:02:26] laisee : alternate names for the worlds best Crypto exchange [2016-08-14 12:09:05] rapidtrades : i was too slow to catch that drop [2016-08-14 12:09:17] ayy_lmao : lol was there dpe on this last rebalance [2016-08-14 12:09:19] ayy_lmao : xbt [2016-08-14 12:09:25] rapidtrades : good q [2016-08-14 12:09:38] ayy_lmao : whats the page [2016-08-14 12:10:38] rapidtrades : im not seeing anything [2016-08-14 12:10:49] rapidtrades : it's usually under trade history [2016-08-14 12:11:22] ayy_lmao : alright thx [2016-08-14 12:11:39] rapidtrades : but why am i seeing item rebalance for BFX? isn't that done on firday [2016-08-14 12:17:32] Terry : ayy_lmao: No DPE, you can check settlement history (Tax Rate): https://www.bitmex.com/app/settlementHistory [2016-08-14 12:17:47] ayy_lmao : nice [2016-08-14 12:19:41] rapidtrades : niceeeeee [2016-08-14 13:13:28] REKT : Liquidated long on `XBTUSD`: Sell 300 @ 571.75 [2016-08-14 13:13:28] REKT : Liquidated long on `XBTUSD`: Sell 57423 @ 571.81 **EPIC REKT** :unamused: :confounded: :astonished: [2016-08-14 13:13:28] REKT : Liquidated long on `XBTUSD`: Sell 1250 @ 571.89 [2016-08-14 13:20:22] jan : You guys thonk btc o n the bottom ? [2016-08-14 13:26:53] REKT : Liquidated long on `XBTUSD`: Sell 480 @ 570.43 [2016-08-14 13:26:53] REKT : Liquidated long on `XBTUSD`: Sell 2000 @ 570.41 [2016-08-14 13:27:08] REKT : Liquidated long on `XBTU16`: Sell 7863 @ 607.68 [2016-08-14 13:27:08] REKT : Liquidated long on `XBTUSD`: Sell 1300 @ 569.97 [2016-08-14 13:27:12] REKT : Liquidated long on `XBTUSD`: Sell 150 @ 569.51 [2016-08-14 13:27:12] REKT : :roller_coaster: :chart_with_downwards_trend: :japanese_goblin: [2016-08-14 13:27:17] REKT : Liquidated long on `XBTU16`: Sell 27530 @ 605.05 **MEGA-REKT** :boom: [2016-08-14 13:28:46] Rado : Sup girls [2016-08-14 13:29:00] Rado : anyone selling the shit coins? [2016-08-14 13:29:08] justinlooking : gettin murdered [2016-08-14 13:30:09] Rado : justinlooking: on BFX or XBT? [2016-08-14 13:30:33] justinlooking : xbt [2016-08-14 13:30:39] Rado : I got stopped out on xbtusd while sleeping [2016-08-14 13:31:02] Gemz : i had a 19k bfx order on finex at 47 but only got 500 bfx lol, pretty much missed the boat, not sure to jump in still or not [2016-08-14 13:31:40] Rado : 47 cents? [2016-08-14 13:31:54] Gemz : no 0.00047 btc [2016-08-14 13:32:00] Rado : Oh [2016-08-14 13:32:02] Gemz : arounf 28 cent [2016-08-14 13:32:13] Rado : right [2016-08-14 13:32:47] Gemz : i knew it would go up, was busy hitting clubs forgot all about it lol [2016-08-14 13:33:21] Rado : rapidtrades: anything new on the law suit? [2016-08-14 13:34:06] rapidtrades : Rado: no i got good suggestions from reddit tho [2016-08-14 13:34:15] rapidtrades : they still haven't replied to my email [2016-08-14 13:34:28] Gemz : Guys is there any way, to know my liquidation price before opening a position? [2016-08-14 13:34:32] Rado : No one else is doing a class action? [2016-08-14 13:34:42] rapidtrades : not afaik [2016-08-14 13:35:23] rapidtrades : all doing it individually atm [2016-08-14 13:35:41] Rado : ok [2016-08-14 13:38:57] REKT : Liquidated long on `XBTUSD`: Sell 11000 @ 568.53 [2016-08-14 13:39:38] REKT : Liquidated long on `XBTUSD`: Sell 8000 @ 566.65 [2016-08-14 13:39:38] REKT : Liquidated long on `XBTUSD`: Sell 40000 @ 566.97 **MEGA-REKT** :boom: [2016-08-14 13:39:38] REKT : Liquidated long on `XBTUSD`: Sell 80 @ 566.47 [2016-08-14 13:39:55] Rado : Any news related to BTC? [2016-08-14 13:40:07] ayy_lmao : in this moment [2016-08-14 13:40:10] ayy_lmao : i am euphoric [2016-08-14 13:40:22] REKT : Liquidated long on `XBTUSD`: Sell 1500 @ 566.37 [2016-08-14 13:41:22] REKT : Liquidated long on `XBTUSD`: Sell 19500 @ 566.28 [2016-08-14 13:41:58] REKT : Liquidated long on `XBTUSD`: Sell 4000 @ 566.08 [2016-08-14 13:41:58] REKT : Liquidated long on `XBTUSD`: Sell 5583 @ 565.89 [2016-08-14 13:42:26] ayy_lmao : everyone on finex too broke to sell lmao [2016-08-14 13:42:43] ayy_lmao : rip finex volume [2016-08-14 13:43:13] jan : why so dump on btc todaY ? [2016-08-14 13:43:27] ayy_lmao : who knows [2016-08-14 13:44:08] rapidtrades : lingering confidence hit from bitfinex, it will last for a while [2016-08-14 13:44:37] rapidtrades : why specifically today...no clue [2016-08-14 13:44:46] rapidtrades : bit surprising with tokens to high [2016-08-14 13:47:53] Rado : Look at the 10k orders on BFX over 0.0007 [2016-08-14 13:49:14] rapidtrades : here or finex [2016-08-14 13:50:21] rapidtrades : weird that they would step there..i thought more near 0.50 [2016-08-14 13:50:49] rapidtrades : lot of ppl would be happy to get out with <20% hit [2016-08-14 13:53:37] macios15 : when btfinex will be add back to index? [2016-08-14 13:54:02] zanza : what just happened? [2016-08-14 13:56:38] rapidtrades : macios15: prolly never [2016-08-14 14:07:30] Rado : macios15: never [2016-08-14 14:07:48] Rado : zanza: what? [2016-08-14 14:08:08] zanza : Bitcoin just dropped hard [2016-08-14 14:08:42] justinlooking : would have dropped harder if china didnt put brakes on [2016-08-14 14:33:37] Gemz : what a good price to buy btc [2016-08-14 14:33:47] Gemz : i mean what is a good price to buy btc? [2016-08-14 14:44:41] rapidtrades : whats a ggood image host [2016-08-14 14:45:58] zanza : imgur [2016-08-14 14:46:05] zanza : gemz what do you mean ? [2016-08-14 14:48:52] REKT : Liquidated long on `LTCXBT`: Sell 850 @ 0.00638 [2016-08-14 14:49:39] nip : wow just looked at that liquidation order [2016-08-14 14:49:50] nip : saw it move up multiple times in a row [2016-08-14 14:50:45] rapidtrades : zanza: does it work with JPEG? [2016-08-14 14:51:52] Rado : Why is the liq order moving? [2016-08-14 14:54:17] ayy_lmao : lol [2016-08-14 14:54:32] justinlooking : rapidtrades: anony.ws [2016-08-14 14:54:42] ayy_lmao : i assume its some type of algo that trys to minimize losses [2016-08-14 14:59:40] jan : nip: can you share an link where i can see it (liq orderss) [2016-08-14 15:04:24] Rado : jan: you can see the in the order book [2016-08-14 15:04:29] Rado : highlighted in red [2016-08-14 15:06:20] Hey : My bitcoins and my postion are are gone and i need to get in contact with someone [2016-08-14 15:09:26] Hey : Bitmex whats going on? [2016-08-14 15:10:01] Rado : Hey: check your trade history [2016-08-14 15:10:06] Rado : did you get liquidated? [2016-08-14 15:10:10] Hey : Shows nothing [2016-08-14 15:10:40] Hey : I am from usa and i was using vpn not gonna lie [2016-08-14 15:11:21] Hey : But they shoulda closed my postion and send me my bitcoins i believe is the policy [2016-08-14 15:16:30] jan : ypu play long on btc ? [2016-08-14 15:16:47] jan : Probobly it's liquidated [2016-08-14 15:21:03] rapidtrades : steemit is the dumbest thing ever man [2016-08-14 15:21:11] rapidtrades : hoope it burns in hell [2016-08-14 15:21:39] ett1 : steemit is the twitter of blockchain [2016-08-14 15:23:43] rapidtrades : ett1: f*ck you and f*ck steemit [2016-08-14 15:23:48] rapidtrades : how about dem apples [2016-08-14 15:25:47] rapidtrades : nvm it was my fault [2016-08-14 15:31:11] ett1 : i swear, 95% of times i read trollbox, rapidtrades is online aggravating sombody [2016-08-14 15:32:10] pigeons : it was the steemit guy aggravating, not rapidtrades [2016-08-14 15:32:43] pigeons : oops there was no steemit guy [2016-08-14 15:33:00] ett1 : i like rapidtrades. but first impression (for a while) was hes a dick [2016-08-14 15:33:12] ett1 : hes good [2016-08-14 15:33:20] pigeons : yeah :) [2016-08-14 15:51:11] rapidtrades : yeah i have a bit of temper [2016-08-14 15:59:09] Krog : steemit is the web 2.0 of the blockchain. Nobody liked it then but it's here to stay [2016-08-14 16:00:55] laisee : ett1: rapidtrades adds color to trollbox. miss the good ol' days him byatching away at Slager (sp) & vice verse [2016-08-14 16:05:00] rapidtrades : man trading BFX coin here is like hotel california [2016-08-14 16:05:30] rapidtrades : once u get in there's no getting out [2016-08-14 16:06:21] pigeons : these account/withdraw freezings might push the lawsuits/liquidations they are trying to avoid [2016-08-14 16:06:57] rapidtrades : yeah i think a lot of their decision are made on the fly [2016-08-14 16:07:04] herpinator : in trade history does the value displayed have the fee taken from it already? [2016-08-14 16:07:19] rapidtrades : lot of emotion too....they really hit hard with troll accounts on reddit [2016-08-14 16:07:51] laisee : rapidtrades: ur trading BFX? thought u checked out of that motel [2016-08-14 16:08:00] rapidtrades : they gambled that if they got up quick ppl will just forget about it and continue to trade [2016-08-14 16:08:06] rapidtrades : laisee: it was 5% discount [2016-08-14 16:08:26] rapidtrades : it's very small amount too [2016-08-14 16:08:27] pigeons : well it was worth a shot [2016-08-14 16:08:57] laisee : rapidtrades: a rebound trade? [2016-08-14 16:09:22] rapidtrades : laisee: i'm just hoping for the discount to close but the MMers are not having it :) [2016-08-14 16:09:52] laisee : yeah, they are not folowing exchange very closely [2016-08-14 16:10:15] rapidtrades : they're prolly holding a lot of longs [2016-08-14 16:10:39] rapidtrades : i mean they're long a lot :) [2016-08-14 16:11:05] laisee : could be. someone bought all that teldar paper [2016-08-14 16:11:20] rapidtrades : laisee: are u on a phone? [2016-08-14 16:11:43] laisee : wifi, osx [2016-08-14 16:11:55] rapidtrades : what's teldar paper [2016-08-14 16:12:32] laisee : greed is good [2016-08-14 16:12:34] laisee : https://www.youtube.com/watch?v=6Da1tDKFfno [2016-08-14 16:12:56] laisee : wonder how many VPs @ BFX [2016-08-14 16:13:11] laisee : or CXOs [2016-08-14 16:18:33] daveberns1 : wow, BFX appreciation means speculation upon BFX's future solvency [2016-08-14 16:18:54] daveberns1 : .37 seems like modestly strong sentiment [2016-08-14 16:19:07] daveberns1 : *positive [2016-08-14 16:19:12] daveberns1 : surprised... [2016-08-14 16:23:38] laisee : daveberns1: its pretty cool if u can sell options (or coins) betting on your companies liquidity, right when u need cash [2016-08-14 16:24:25] zanza : CHEAP COINZ GUYS [2016-08-14 16:24:40] laisee : going out of business Coins sale [2016-08-14 16:25:02] daveberns1 : ya, if they buy back their coins then they essentially can wipe out their debt at a massive discount [2016-08-14 16:25:48] laisee : financial engineering at its best/worse [2016-08-14 16:26:15] rapidtrades : BOJ now owns 60% of the EFT market [2016-08-14 16:26:19] rapidtrades : http://www.bloomberg.com/news/articles/2016-08-14/the-tokyo-whale-s-unstoppable-rise-to-shareholder-no-1-in-japan [2016-08-14 16:28:43] laisee : print fake money, buy real assets. nice. [2016-08-14 16:37:36] daveberns1 : is liquidation based on mark or last? [2016-08-14 16:38:10] justinlooking : mark [2016-08-14 16:38:31] daveberns1 : good [2016-08-14 16:41:07] zanza : didnt BOJ buy ARM ?