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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[2016-09-11 08:13:10] arbitrage001 : when finex went down, 80% of my liquid usd is there
[2016-09-11 08:15:09] aethlios : arbitrage001: Maybe you could keep a few stocks, in the future I believe we will see many companies raising cash using crypto and have their stock in a coin form tradeable 24/7 in crypto exchanges, also future contracts etc. so there will be some 10 or 20 established coins and then real IPO's from small companies wanting to raise capital. A new era of P&D's. So finex could have 100 stocks + 5 crypto coins traded in 5 years.
[2016-09-11 08:15:55] aethlios : finex is the first company to issue it's stock in coin and earn fees from the trades
[2016-09-11 08:15:56] arbitrage001 : aethlios: there were such exchanges and ipo
[2016-09-11 08:16:12] arbitrage001 : it was shut down by sec
[2016-09-11 08:16:44] omicron : yes. illegal in usa, but you can probably offer elsewhere
[2016-09-11 08:18:25] aethlios : you can trade this new form of stock anywhere, in a cafe sell them to a friend for cash, you hold it and not another entity, lower cost and fees. You can trade a stock 24/7 is safer, you don\t wake up with -20% on the open.
[2016-09-11 08:19:15] lockhedge : aethlios: what makes you believe that finex equity will be a coin? are you talking about their bnktothefuture pitch?
[2016-09-11 08:21:00] aethlios : lockhedge: It will be useful, transferable and earn fees from trading, if they legally can do it then they should.
[2016-09-11 08:21:49] arbitrage001 : aethlios: i think you are still quite new in the crypto scene
[2016-09-11 08:22:21] aethlios : arbitrage001: 3 years trading full time.
[2016-09-11 08:22:32] arbitrage001 : aethlios: is it in crypto?
[2016-09-11 08:22:50] lockhedge : bnktothefuture takes 5% fees for creating an offshore SPV. you can invest in that SPV but will very likely not able to transfer ownership rights easily
[2016-09-11 08:22:53] arbitrage001 : almost all crypto companies are shady
[2016-09-11 08:23:39] aethlios : arbitrage001: In crypto 3 years trading full time, and 10 years in the markets (worked 4 years in a brokerage firm in the beginning)
[2016-09-11 08:28:29] BitMEX_Arthur : This bitfinex token to equity swap is very interesting
[2016-09-11 08:28:37] BitMEX_Arthur : The valuation is hilarious
[2016-09-11 08:28:56] omicron : BitMEX_Arthur: what would be a reasonable valuation, in your opinion
[2016-09-11 08:29:48] aethlios : BitMEX_Arthur: How much do you sell BITMEX???
[2016-09-11 08:31:08] BitMEX_Arthur : They have 72mm of debt basically
[2016-09-11 08:31:18] BitMEX_Arthur : but they don't ever have to pay that back
[2016-09-11 08:31:36] BitMEX_Arthur : so i guess there are two directions here, basically they could never ever pay back a cent of bfx tokens
[2016-09-11 08:31:36] omicron : so effectively they have no debt
[2016-09-11 08:31:43] BitMEX_Arthur : then they have no debt
[2016-09-11 08:31:51] arbitrage001 : BitMEX_Arthur: some token holders not going to swap for equity
[2016-09-11 08:31:52] BitMEX_Arthur : but they have eroded their goodwill
[2016-09-11 08:31:53] BitMEX_Arthur : asset
[2016-09-11 08:32:12] BitMEX_Arthur : or they can make the decision to pay back the 72mm they lost
[2016-09-11 08:32:12] arbitrage001 : i certainly will not accept their valuation
[2016-09-11 08:32:28] BitMEX_Arthur : they are a profitable company
[2016-09-11 08:32:40] BitMEX_Arthur : arguably the most profitable exchange right now
[2016-09-11 08:32:44] BitMEX_Arthur : pre-hack
[2016-09-11 08:32:45] omicron : BitMEX_Arthur: no one can tell exactly, but ballpark figure where do you think valuation becomes reasonable territory
[2016-09-11 08:32:59] arbitrage001 : BitMEX_Arthur: i doubt they make 16m per year in profit pre hack
[2016-09-11 08:33:23] BitMEX_Arthur : No but they have no obligation to pay back a cent
[2016-09-11 08:33:34] BitMEX_Arthur : so let's ignore the 72mm "debt"
[2016-09-11 08:33:43] BitMEX_Arthur : let's say they make $5-$10mm per year
[2016-09-11 08:34:05] BitMEX_Arthur : on a P/E basis exchanges like the NYSE trade at 30-40x
[2016-09-11 08:34:31] BitMEX_Arthur : so let's say their EBITDA is $2.5-$5mm
[2016-09-11 08:34:44] BitMEX_Arthur : $5mm on a 30x pe, is $150mm pre money
[2016-09-11 08:35:03] omicron : ok so 75 to 150
[2016-09-11 08:35:21] omicron : yea, i see they padded it to 200 so that they retain control on dilution
[2016-09-11 08:35:23] BitMEX_Arthur : Then you tack on your estimate of goodwill impairment
[2016-09-11 08:35:42] aethlios : the more people accept the stock coin, the debt will go equally down.
[2016-09-11 08:36:05] BitMEX_Arthur : arguably bfx should be worth more than coinbase pre-hack
[2016-09-11 08:36:20] BitMEX_Arthur : last round on coinbase was 400mm pre-money
[2016-09-11 08:36:25] BitMEX_Arthur : coinbase doesn't make a profit
[2016-09-11 08:36:34] BitMEX_Arthur : but coinbase is regulatory compliant
[2016-09-11 08:36:52] BitMEX_Arthur : which is why their valuation is so high, cause valley types can invest without losing sleep the CFTC, SEC, DOJ won't shut it down
[2016-09-11 08:36:56] BitMEX_Arthur : or perp walk the founders
[2016-09-11 08:37:01] aethlios : twitter has 12.7 billion market cap and half billion loss every year
[2016-09-11 08:37:07] BitMEX_Arthur : exactly
[2016-09-11 08:37:20] BitMEX_Arthur : so i would say $200mm is cheap, pre-hack
[2016-09-11 08:37:42] omicron : so it all depends on goodwill damage, which is so abstract no one can quantify
[2016-09-11 08:37:58] omicron : therefore 200m is not ridiculous
[2016-09-11 08:38:01] BitMEX_Arthur : the problem with bfx is they don't know how they got hacked, and their trading engine sucks dick
[2016-09-11 08:38:01] omicron : ?
[2016-09-11 08:38:20] BitMEX_Arthur : these things will catch up with them eventually if they don't put money into fixing it
[2016-09-11 08:38:36] aethlios : BitMEX_Arthur: What if btc goes above 1200?? Also now we have 7 coins above 100 mill. cap, 2 year ago only btc ltc had that. market is very growth so pe's of 20 or 25 are low.
[2016-09-11 08:38:55] BitMEX_Arthur : i agree
[2016-09-11 08:38:58] omicron : i've never traded on bitfinex, so someone tell me how does their engine suck
[2016-09-11 08:39:00] BitMEX_Arthur : which is why i think 200mm is cheap
[2016-09-11 08:39:09] BitMEX_Arthur : search reddit about the frequent outtages
[2016-09-11 08:39:29] omicron : ah, the outages. thats when they moved to the new datacenter.
[2016-09-11 08:39:32] BitMEX_Arthur : they were down for 24hr earlier this year, they routinely have issues with their databases getting out of synch
[2016-09-11 08:39:33] aethlios : new finex investors should make a lifting to finex, fix the bad software and hire people.
[2016-09-11 08:40:13] BitMEX_Arthur : i think 200mm is cheap
[2016-09-11 08:40:35] BitMEX_Arthur : but it's cheap because you have legal risk, security risk, and trading engine risk
[2016-09-11 08:40:47] BitMEX_Arthur : eliminate those three risks, and 200mm is a buy
[2016-09-11 08:40:49] omicron : "BitMEX_Arthur: The valuation is hilarious"
[2016-09-11 08:40:51] aethlios : finex after hack still 1st on btcusd pair.
[2016-09-11 08:41:01] omicron : you said hilarious and now you say cheap
[2016-09-11 08:41:11] aethlios : they should follow a model like poloniex, more coins and more flexible.
[2016-09-11 08:41:12] BitMEX_Arthur : yeah look at the three risks i posted
[2016-09-11 08:41:19] BitMEX_Arthur : those are very big
[2016-09-11 08:41:19] omicron : ah right
[2016-09-11 08:41:44] omicron : well legal risk is pretty big, but their corporate structure may protect them
[2016-09-11 08:41:48] BitMEX_Arthur : if the wrong person feels slighted in the US and gets the ear of a regulator they could make life hell for bfx
[2016-09-11 08:42:02] omicron : regulators already know about this, i would think
[2016-09-11 08:42:03] BitMEX_Arthur : well some of the senior management live in the us
[2016-09-11 08:42:38] BitMEX_Arthur : ofc they do, but after your company is on the front page of bloomberg getting hacked then the desire to do something becomes larger
[2016-09-11 08:42:38] omicron : security risk is real
[2016-09-11 08:42:50] BitMEX_Arthur : and that's when regulators feel pressured to do some work
[2016-09-11 08:43:21] omicron : well, you guys did the smart thing and kept us users out
[2016-09-11 08:43:27] omicron : too much trouble
[2016-09-11 08:43:46] lockhedge : how can new finex investors prevent the senior management from paying themselves high salaries instead of dividends?
[2016-09-11 08:43:54] BitMEX_Arthur : they can't
[2016-09-11 08:44:08] laisee : once socccer mums are invested in BFX, direct or not, then US regulators will be all over them for first issue - secuity, trading, etc
[2016-09-11 08:44:26] arbitrage001 : lockhedge: how much dividend you think you can get at 200mm valuation
[2016-09-11 08:44:52] BitMEX_Arthur : there is no incentive for mgmt to give a shit about minority investors
[2016-09-11 08:45:07] zanza : https://bfxdata.com/sentiment/longshort.php Finex is at about 1/5 of prehack volume now
[2016-09-11 08:45:26] lockhedge : arbitrage001: there will be no dividends unless they redeemed all tokens afaik
[2016-09-11 08:45:26] BitMEX_Arthur : Yeah but volatility is low so we won't really know until the price pumps or dumps
[2016-09-11 08:45:30] omicron : where did all the volume go?
[2016-09-11 08:45:40] omicron : back to bitstamp? kraken?
[2016-09-11 08:45:41] BitMEX_Arthur : Volumes are down across the board
[2016-09-11 08:45:44] BitMEX_Arthur : except for the alts
[2016-09-11 08:45:55] omicron : ya, i think alts are the real winners and polo
[2016-09-11 08:46:01] BitMEX_Arthur : polo is killing it
[2016-09-11 08:46:07] BitMEX_Arthur : they make way more money than bfx
[2016-09-11 08:46:12] BitMEX_Arthur : and fly more under the radar
[2016-09-11 08:46:25] omicron : ya, they have US market
[2016-09-11 08:46:28] zanza : you had so 20K + days here
[2016-09-11 08:46:32] zanza : a few*
[2016-09-11 08:46:34] laisee : XBT has stalled ... awaiting some real news on technical solutions for scaling
[2016-09-11 08:46:45] BitMEX_Arthur : zanza: yeah but our fees are a fraction of the spot exchanges
[2016-09-11 08:47:15] omicron : when you say 20K do you mean 20K BTC volume
[2016-09-11 08:47:22] BitMEX_Arthur : yeah
[2016-09-11 08:47:26] zanza : yeah omicron
[2016-09-11 08:47:29] omicron : damn thats nice
[2016-09-11 08:47:56] omicron : but yes btc is stalled bro. someone scale it so we can move to 1000+
[2016-09-11 08:48:01] BitMEX_Arthur : We will be launching our Chinese platform in a few weeks so we hope liquidity will grow quickly
[2016-09-11 08:48:21] omicron : will the trollbox be in chinese
[2016-09-11 08:48:33] omicron : i mean mix chinese english or two separate trollboxes
[2016-09-11 08:48:42] zanza : did you ever consider making bitmex also have exchange functions also Arthur (like Poloniex)
[2016-09-11 08:49:04] BitMEX_Arthur : omicron: There will be a separate toolbox afaik, but not 100% on that one
[2016-09-11 08:49:05] zanza : give Sam some extra coffee :)
[2016-09-11 08:49:26] omicron : zanza: if they do that they have to manually sign withdrawals in every coin
[2016-09-11 08:49:36] omicron : its not practical with bitmex security setup
[2016-09-11 08:49:37] BitMEX_Arthur : zanza: No because there are clear market winners, and we don't want to deal with the regulatory issues surrounding transferring value
[2016-09-11 08:49:48] zanza : got it
[2016-09-11 08:50:07] zanza : specialize in high leverage is good positioin
[2016-09-11 08:51:20] jordy : hi
[2016-09-11 08:51:30] omicron : see the next btc pump will bring in huge volume
[2016-09-11 08:51:35] zanza : hi jordy
[2016-09-11 08:51:38] omicron : 20K days will look like nothing
[2016-09-11 08:52:00] jordy : why there is a 100XBT margin requirement ajustment?
[2016-09-11 08:52:24] zanza : yeah, 132 billion $ in Gold is mined per year for perspective
[2016-09-11 08:52:44] zanza : to prevent big liquidations
[2016-09-11 08:52:55] zanza : at the same price
[2016-09-11 08:53:01] omicron : what does "100XBT margin requirement" mean
[2016-09-11 08:53:09] omicron : sorry for being ignorant
[2016-09-11 08:53:31] zanza : you mean the Risk Limit?
[2016-09-11 08:53:51] omicron : oh you cant trade bigger than a given size?
[2016-09-11 08:54:03] jordy : if your position is above 100XBT in either side, the inital and maintenance margin increases by 0.5% to 2.5% and 1%
[2016-09-11 08:54:23] BitMEX_Arthur : https://www.bitmex.com/app/riskLimits
[2016-09-11 08:54:27] BitMEX_Arthur : Read this for more details
[2016-09-11 08:55:03] omicron : yes, thats just initial and maintenance margins
[2016-09-11 08:55:12] omicron : for higher risks the margins are more
[2016-09-11 08:55:50] omicron : im guessing the risk is your entry price - liq price
[2016-09-11 08:56:21] omicron : is 100 XBT on order value or order cost?
[2016-09-11 08:57:08] omicron : i see order value
[2016-09-11 08:57:35] aethlios : When we make a new ATH in btc, epic months will follow.....
[2016-09-11 08:59:16] zanza : idk, my faith in the new Bitcoin COre team is being tested
[2016-09-11 08:59:21] jordy : should be based on entry price
[2016-09-11 09:05:19] laisee : zanza: I don't beleive Core has any intention of growing TX volume in any way - until their side chain project is ready.
[2016-09-11 09:07:06] BitMEX_Arthur : Get ready for Zcash
[2016-09-11 09:07:14] BitMEX_Arthur : We are very bullish on that coin
[2016-09-11 09:07:31] BitMEX_Arthur : And you will be able to trade it shortly via a futures contract on BitMEX, so read up on it
[2016-09-11 09:07:34] laisee : Zcash! yayyy ... thats exciting news ... ;-)
[2016-09-11 09:08:31] habibi : BitMEX_Arthur: hey, u will add it as soon as polo will or basically any exchange with any volume?
[2016-09-11 09:08:39] zanza : will do, thats the second or third referene i heard today about it
[2016-09-11 09:09:52] aethlios : zcash hyped to the bone, no supply, noobs buy at 70 to 100 usd, then slowly going down as supply grows and hype goes away because a new coin will come. ETH>LSK>ETC>XMR>Zcash.
[2016-09-11 09:10:47] habibi : thats my question, if we will be able to trade here in first 30 days after zcash launch when supply is so fucked up and speculation would be even better
[2016-09-11 09:11:41] laisee : good trading on vol, no telling if the coin willbe survive and thrive
[2016-09-11 09:12:09] BitMEX_Arthur : You will be able to trade it here before the spot
[2016-09-11 09:12:14] BitMEX_Arthur : We are targeting this week
[2016-09-11 09:12:17] BitMEX_Arthur : So stay tuned
[2016-09-11 09:12:22] aethlios : maybe zcash a good buy after a year around 3 to 5 usd.
[2016-09-11 09:12:34] jordy : how bullish are you ?
[2016-09-11 09:12:38] omicron : wow how can you trade it here before spot? where is the index from?
[2016-09-11 09:12:55] jordy : 100000 usd/btc?
[2016-09-11 09:13:00] aethlios : BitMEX_Arthur: that's beautiful!!
[2016-09-11 09:13:04] BitMEX_Arthur : It will most likely expire at the end of December, so by that time it will be trading
[2016-09-11 09:13:13] BitMEX_Arthur : it will be ZEC/XBT pair
[2016-09-11 09:13:25] BitMEX_Arthur : so similar to XMR7D
[2016-09-11 09:13:29] BitMEX_Arthur : in terms of structure
[2016-09-11 09:14:00] habibi : BitMEX_Arthur: this week? when zcash starts in 2 months?
[2016-09-11 09:15:08] jordy : wah....sign...your bitcoin futures has a 14 usd spread....beautiful
[2016-09-11 09:16:10] aethlios : BitMEX_Arthur: that's good news, since no polo spot, you could attract major volume, will be the first ahead of the first.
[2016-09-11 09:16:21] BitMEX_Arthur : aethlios: That's the goal
[2016-09-11 09:16:53] BitMEX_Arthur : jordy: Trade `XBTUSD` the spread is 1 cent
[2016-09-11 09:17:46] jordy : any good product your recommend ?
[2016-09-11 09:17:54] jordy : any other good product I mean
[2016-09-11 09:18:11] jordy : by the way, how's the funding rate be determined?
[2016-09-11 09:19:01] BitMEX_Arthur : jordy: https://www.bitmex.com/app/swapsGuide
[2016-09-11 09:19:13] BitMEX_Arthur : That will explain everything in detail
[2016-09-11 09:21:01] aethlios : Ok traders, what price do you expect xcash to start here on bitmex. Place your bets.
[2016-09-11 09:21:03] lockhedge : BitMEX_Arthur: when will you launch the new XBJ futures?
[2016-09-11 09:22:15] BitMEX_Arthur : lockhedge: No ETA on that, Quoine is working on a new UI so we need to wait for them to finish that before we launch them
[2016-09-11 09:22:56] aethlios : BitMEX_Arthur: will you have all six contracts that run on testnet now??
[2016-09-11 09:23:51] miramm1115 : aethlios: 1 zcash = 1 bitcoin
[2016-09-11 09:24:22] aethlios : miramm1115: great I can short it!!
[2016-09-11 09:24:25] BitMEX_Arthur : aethlios: Not sure yet
[2016-09-11 09:25:19] aethlios : BitMEX_Arthur: 48H and 14D will work as roll over, are useful and especially 48H since most volume will be on 24H.
[2016-09-11 09:39:15] aethlios : next week bfx terms and zcash launch + possible black Monday on stocks will be interesting.
[2016-09-11 09:44:22] REKT : Liquidated long on `ETC7D`: Sell 500 @ 0.002185
[2016-09-11 09:44:46] mjones : Zcash sweet
[2016-09-11 09:45:27] jordy : https://www.bitmex.com/app/swapsGuide
[2016-09-11 09:46:01] jordy : I have read this ....so in summary, what is the main factor affecting the interest rate ?
[2016-09-11 09:48:47] lockhedge : the premium of the previous 8 hours
[2016-09-11 09:49:07] REKT : Liquidated long on `ETC7D`: Sell 1000 @ 0.002176
[2016-09-11 09:49:21] jordy : how to calculate premium then?
[2016-09-11 09:52:08] aethlios : jordy: the difference of the swap price from the XBT spot index, so now around 1 usd premium or 0.16%
[2016-09-11 10:12:02] REKT : Liquidated long on `XMR7D`: Sell 33 @ 0.019054
[2016-09-11 10:12:08] REKT : Liquidated long on `XMR7D`: Sell 1300 @ 0.019008
[2016-09-11 10:12:22] REKT : Liquidated long on `XMR7D`: Sell 20 @ 0.018555
[2016-09-11 10:12:36] Tetsuo : byebye pe
[2016-09-11 10:13:14] Tetsuo : docoin
[2016-09-11 10:13:45] Tetsuo : thanx for ur monneeez criminals, good night and goddbye
[2016-09-11 10:16:39] jordy : thanks @aethlios
[2016-09-11 10:23:35] jordy : aethlios: can I know the premium of the next 8 hours session?
[2016-09-11 10:25:08] aethlios : jordy: yes, place the cursor where it says funding, open value, 14H volume, and changes to predictied funding of the next 8hours,
[2016-09-11 10:25:44] aethlios : jordy: above the trollbox, on contract details box
[2016-09-11 10:26:14] aethlios : predicted 0.1231% now
[2016-09-11 10:26:23] jordy : you are genius
[2016-09-11 10:26:47] aethlios : jordy: https://www.bitmex.com/app/index/.XBTUSDPI
[2016-09-11 10:27:03] aethlios : here see each minute and also chart of the funding
[2016-09-11 10:27:14] aethlios : jordy: https://www.bitmex.com/app/index/.XBTUSDPI8H
[2016-09-11 10:27:30] aethlios : here history of 8hour premiums
[2016-09-11 10:28:42] jordy : 2016-09-11 12:00:00 .XBTUSDPI8H 0.2014%
[2016-09-11 10:29:13] jordy : why I only receive 0.1778% at 12?
[2016-09-11 10:30:00] lockhedge : funding rate is actually 'F = 0.2014% + Clamp(0.0188% - 0.2014%, -0.05%, 0.05%)'
[2016-09-11 10:31:00] lockhedge : there is a 0.05% tolerance to the underlying interest rate
[2016-09-11 10:35:04] jordy : lockhedge: so many guru here....thanks...
[2016-09-11 10:39:17] jordy : aethlios: I wonder how bitmex is making money on volume like 692674 contracts in 24 hours.. the fee is like 692674*(0.075%-0.025%) = 346usd
[2016-09-11 10:40:35] aethlios : jordy: they have more products, but those days are zero btc volatility, volumes go above 20K btc in good days. stable btc, low volume.
[2016-09-11 10:41:43] jordy : I think those good days are gone after the bitfinex being hacked.
[2016-09-11 10:42:03] jordy : the volume of every exchange drops dramatically
[2016-09-11 10:42:37] jordy : aethlios: can you add me in facebook? please search "jordy hk"
[2016-09-11 10:42:56] jordy : lockhedge: can you add me in facebook? please search "jordy hk"
[2016-09-11 10:43:46] aethlios : jordy: I don't use facebook anymore, lose time and don't get paid.
[2016-09-11 10:43:50] lockhedge : jordy: i'm not on fb
[2016-09-11 10:44:32] rapidtrades : huh i thought i was the only one not on facebook
[2016-09-11 10:45:04] jordy : lol......haha.....where are you guys from ?
[2016-09-11 10:45:11] jordy : funny
[2016-09-11 10:45:30] jordy : country and field of work?
[2016-09-11 10:46:30] aethlios : Greece, full time trading crypto, so self-employed
[2016-09-11 10:47:40] jordy : great, can you leave a contact?
[2016-09-11 10:48:13] aethlios : we can talk here, exchanging views.
[2016-09-11 10:48:14] jordy : me, hong kong , civil engineer
[2016-09-11 10:48:24] jordy : haha...ok...
[2016-09-11 10:49:32] jordy : so what is the most profitable strategy you are using now? arbitrage, market maker or trading direction?
[2016-09-11 10:50:49] aethlios : jordy: here you can be short xbt swap, hedge going long with spot and earn the premium, but need to risk manage positions when pumps and dumps happen.
[2016-09-11 10:51:46] aethlios : jordy: also find alts to go long x5 times, like monero, or enter an ICO like Lisk, or ETH. you can do a lot in crypto,
[2016-09-11 10:53:19] jordy : I am hesitate to trade alts since the trading volume is so low and large spread.
[2016-09-11 10:53:22] aethlios : but I believe you need to be full time, many things happen and too fast,
[2016-09-11 10:54:36] jordy : short xbt swap in june and september should be profitable . however, in July and August , the funding rate varied a lot. one month is at loss, one month is at little profit.
[2016-09-11 10:55:12] aethlios : jordy: you should use more exchanges, alts to trade at polo. Now because of XMR, I wait xmr to correct lower and buy a nice position to BBr and AEON, which ara like XMR, and keep them for the next XMR wave. But need time to make research and read about each coin.
[2016-09-11 10:55:23] jordy : I just summarise the eight hours rate to give those results'....
[2016-09-11 10:56:01] rapidtrades : ''reseach''
[2016-09-11 10:56:12] rapidtrades : 'research'
[2016-09-11 10:57:00] aethlios : jordy: premium is stable and positive when bull trend begins. Long periods of side trade have almost small positive average premium.
[2016-09-11 10:57:57] jordy : needs to do dynamic hedge in my case
[2016-09-11 10:58:11] rapidtrades : if we're in a bull trend then buying will make it more
[2016-09-11 10:58:12] jordy : XMR is amazing
[2016-09-11 10:58:33] rapidtrades : make u more*
[2016-09-11 10:58:43] rapidtrades : seems i can't type early in the morning
[2016-09-11 10:58:57] aethlios : jordy: also ETH is good for arb (premium or discount receiving), you change positions in order to receive the premium or discount.
[2016-09-11 10:58:59] jordy : well....hedge preserves your capital if the trend is indeed down..
[2016-09-11 10:59:37] jordy : is it 50x?
[2016-09-11 10:59:46] rapidtrades : partially...there is DPE risk @jordy
[2016-09-11 11:00:12] jordy : what do you meant by DPE?
[2016-09-11 11:00:29] aethlios : jordy: arb gives you 5% to 10% per month on average, so it is a large capital, low risk strategy.
[2016-09-11 11:00:56] jordy : yes...agree
[2016-09-11 11:01:21] aethlios : Yes DPE is a risk, but with new risk limits it is a low danger now.
[2016-09-11 11:01:23] rapidtrades : nothing is low risk...especially low risk strategies :)
[2016-09-11 11:01:38] rapidtrades : there's just known and hidden risks
[2016-09-11 11:01:55] rapidtrades : some u can quantify, some u can't
[2016-09-11 11:02:06] aethlios : it is low risk until it wipe you out. haha.
[2016-09-11 11:02:06] jordy : I think you don't have much risk selling swap if you really have bitcoin on hand
[2016-09-11 11:02:21] rapidtrades : again DPE
[2016-09-11 11:02:43] rapidtrades : we'll see how deleveraging works...that may lower the risks a bit
[2016-09-11 11:04:44] jordy : DPE is good if you use maximum leverage
[2016-09-11 11:04:55] jordy : someone pay for you when you go bankrupt
[2016-09-11 11:05:49] rapidtrades : not exactly...there is an extra 2% that u will lose when margin called
[2016-09-11 11:06:02] rapidtrades : i think its 2% with 50/1 right
[2016-09-11 11:06:20] rapidtrades : or is it 1%
[2016-09-11 11:07:03] lockhedge : maintenance margin is still 0.5% + fees at the lowest risk limit
[2016-09-11 11:07:32] rapidtrades : dam that's a bit low
[2016-09-11 11:07:55] rapidtrades : guess they didn't change it once they cut the lev
[2016-09-11 11:08:31] jordy : I am rather new to bitmex...DPE happened very often? How are those cases in the past ?
[2016-09-11 11:09:30] lockhedge : jordy: you can see it here www.bitmex.com/app/settlementHistory
[2016-09-11 11:09:49] rapidtrades : it varies....10-30% is the normal
[2016-09-11 11:10:00] rapidtrades : was high as 60% last year
[2016-09-11 11:10:18] rapidtrades : i think that was on 100/1
[2016-09-11 11:11:38] rapidtrades : they're rolling out deleveraging in few weeks tho..hopefully that works better
[2016-09-11 11:11:55] lockhedge : jordy: you can use the use the filter {"symbol":"XBT24H"} to see results before XBTUSD was launched, but that was a 100x future, not a swap
[2016-09-11 11:13:24] jordy : lockhedge, I use all leverage I can so I think I will be a winner in DPE.
[2016-09-11 11:14:15] jordy : providing I have hedge
[2016-09-11 11:14:25] jordy : can I think in this way?
[2016-09-11 11:16:39] lockhedge : jordy: depends on mark price vs. market price, if they are equal you will lose your maintenance margin (0.5% + exit commission + funding rate) when your position gets liquidated
[2016-09-11 11:21:28] jordy : so every exchanges has this kind of DPE mechanism ?
[2016-09-11 11:21:58] jordy : how about bitstamp, btcc and okcoin?
[2016-09-11 11:22:09] jordy : ok coin
[2016-09-11 11:23:32] rapidtrades : is polo now the most profitable exchange?
[2016-09-11 11:23:43] lockhedge : jordy: very leveraged instrument has a maintenance margin, you can find an overview here https://www.bitmex.com/app/whatsDifferent#leverage-and-margin
[2016-09-11 11:25:25] lockhedge : *every not very
[2016-09-11 11:25:59] rapidtrades : Electronic Gulden....
[2016-09-11 11:26:05] rapidtrades : whatever happened to that coin
[2016-09-11 11:34:19] laisee : XMR is dead again
[2016-09-11 11:36:31] Mm bot : Next XMR leg down would be massive
[2016-09-11 11:37:12] Mm bot : smart traders here, no one gets liquidated with $XMR yet
[2016-09-11 11:38:30] inzamam : hi, everyone i am new to this site!
[2016-09-11 11:48:11] jordy : lockhedge: what is the reason behind holding XMR?
[2016-09-11 11:56:35] mjones : yeah xmr might dump 30% if a bunch of polo suckers bail
[2016-09-11 12:00:03] mjones : also with zcash as more people mine the quicker the blocks will be found. so there should be more supply since blocks should be found more quickly
[2016-09-11 12:02:23] rapidtrades : souns dlike a great coin
[2016-09-11 12:12:02] laisee : better than SHT, right?
[2016-09-11 12:29:48] lockhedge : jordy: XMR and ZCASH can be viewed as distributed mixing services. don't think privacy focused coins can compete with transparency focus bitcoin, it's more a privacy service layer for bitcoin.
[2016-09-11 13:38:07] rapidtrades : lockhedge: what we all want to know is it better then SHIT?
[2016-09-11 13:42:58] rapidtrades : is emercoin dead now?
[2016-09-11 14:04:47] sleger : we have a new shitcoin expert it seems
[2016-09-11 14:11:09] laisee : thats a good thing, what with all the new coins coming here ...
[2016-09-11 14:12:38] rapidtrades : i don't get this man....0.15 fee for makers on polo?
[2016-09-11 14:12:48] rapidtrades : and ppl still use em
[2016-09-11 14:13:30] rapidtrades : it's just a f*cking website that doesn't even shuffle actual money around
[2016-09-11 14:35:26] aethlios : crucial Monday for global equity markets.
[2016-09-11 14:55:31] laisee : aethlios: another manic monday?
[2016-09-11 14:56:19] aethlios : laisee: friday close was very bad. almost -3% us stocks
[2016-09-11 14:57:27] laisee : Trump leading the polls? Or Yellen announced her love child with Hilary?
[2016-09-11 14:58:20] rapidtrades : aethlios: it was 2.5% actualy
[2016-09-11 14:58:54] jordy : lockhedge: https://pro.btcc.com/account/faq
[2016-09-11 14:59:42] jordy : see point number 11 . it is ridiculous
[2016-09-11 14:59:55] laisee : still quite a dump for stocks ... can it be good for XMR, tho?
[2016-09-11 15:01:47] aethlios : it fed decision in sept. important, if they raise rates. the problem is negative interest rates. this will mobilize capital from bonds, stocks and deposits.
[2016-09-11 15:03:56] laisee : aethlios: monetary policy is like pushing on a soggy, weak string these days ...
[2016-09-11 16:16:32] jordy : I heard that bitmex has 100x to 200x products
[2016-09-11 16:16:38] jordy : what is it ?
[2016-09-11 16:20:49] BitMEX_Greg : jordy: We have the XBJ chain of futures. The Daily: https://www.bitmex.com/app/trade/XBJ24H has a leverage of 100x attached to it. That is, the initial margin required to open a position is only 1%. The maintenance margin to keep the position open is 0.5% (effectively 200x)
[2016-09-11 16:33:12] jordy : thanks
[2016-09-11 16:43:18] jordy : is it allowed to have more than one bitmex account ?
[2016-09-11 16:43:45] BitMEX_Greg : jordy: Yes you are
[2016-09-11 16:45:16] jordy : I had two accounts in a bitcoin casino and one of them is suspended coz they said each customer can only have one casino account
[2016-09-11 16:45:18] jordy : haha
[2016-09-11 16:45:33] jordy : so, will bitmex do the same to me ?
[2016-09-11 16:46:03] BitMEX_Greg : No we won't
[2016-09-11 16:46:51] jordy : even , I log out and log in using the same IP address and the funds to the two accounts are from the same wallet using the same digital signature...?
[2016-09-11 16:47:13] jordy : I mean log out and log in to another account
[2016-09-11 16:48:21] jordy : am I correct ?
[2016-09-11 16:51:50] jordy : ?
[2016-09-11 17:02:32] jordy : sorry, Greg... are you right there ?
[2016-09-11 17:03:08] BitMEX_Greg : jordy: Yes apologies, just stepped away. Yes you are still able to do that. That is, log in with the same IP address and send funds to your accounts from the same wallets
[2016-09-11 17:03:29] BitMEX_Greg : You need to have two separate wallets right now for each account however
[2016-09-11 17:03:40] BitMEX_Greg : You cannot use funds from one account as margin for another account
[2016-09-11 17:04:19] jordy : you mean the funds in two bitmex account are totally separated?
[2016-09-11 17:04:27] BitMEX_Greg : Yes
[2016-09-11 17:04:40] jordy : including profit and loss, initial and maintenance margin
[2016-09-11 17:05:03] jordy : that will be great
[2016-09-11 17:05:06] jordy : thanks a lot
[2016-09-11 17:05:07] BitMEX_Greg : Yes they are separate
[2016-09-11 17:05:09] BitMEX_Greg : np
[2016-09-11 17:20:00] jordy : what is the value of Interest Base index and interest quote index at the moment ?
[2016-09-11 17:28:50] mannbora9 : hello how we trade in diffrent crypto currency?
[2016-09-11 17:30:08] BitMEX_Greg : jordy: take a look at the individual series guide. Eg: https://www.bitmex.com/app/contract/XBTUSD
[2016-09-11 17:30:27] BitMEX_Greg : mannbora9: we only accept bitcoin as a deposit here. You can trade alts using bitcoin only
[2016-09-11 17:30:57] mannbora9 : how much coins do you have for trading?
[2016-09-11 17:41:59] omicron : can i independently get kaiko index?
[2016-09-11 17:42:05] omicron : i.e. for my bot
[2016-09-11 17:45:25] BitMEX_Wally : omicron: Yes, they have an API: http://kaiko.com/bitmex
[2016-09-11 17:50:14] mjones : fct pumping
[2016-09-11 17:57:25] omicron : so you can just tell them to drop bitfinex and they drop it? Is Kaiko owned by bitmex?
[2016-09-11 18:01:16] mjones : btc pumping
[2016-09-11 18:01:25] mjones : should have longed more. didnt think it'd pump
[2016-09-11 18:01:58] Roevenger : what the actual....
[2016-09-11 18:05:15] wotan : nice push yes
[2016-09-11 18:05:18] mjones : xmr going to hit new low
[2016-09-11 18:08:51] aethlios : and deep discount on bitmex
[2016-09-11 18:08:54] mjones : eth heading down
[2016-09-11 18:09:37] aethlios : only bfx up.
[2016-09-11 18:10:51] aethlios : time for a coffee, don't want to sleep during the battle.
[2016-09-11 18:16:58] wotan : crypto trading and slee is a fight against each other:)
[2016-09-11 18:17:05] wotan : sleep
[2016-09-11 18:18:15] aethlios : trading cryptos full time (for a living) is like being a pro athlete.
[2016-09-11 18:22:07] REKT : Liquidated long on `XMR7D`: Sell 240 @ 0.017252
[2016-09-11 18:25:14] mjones : should have shorted xmr new low
[2016-09-11 18:25:17] Tetsuo : probably a chonese BTC fake put, LTC didn´t move with it
[2016-09-11 18:26:02] Tetsuo : i enjoyed the short negative premium on XMR anyways : - )
[2016-09-11 18:32:03] aethlios : noone is selling btc, pumpers wait a lot to accumulate.
[2016-09-11 18:40:04] aethlios : bloody Monday, only btc and bfx up
[2016-09-11 18:42:04] mjones : yeah
[2016-09-11 18:42:14] mjones : i longed the xmr bottom. deadcat bounce time
[2016-09-11 18:43:08] Tetsuo : me too, in @0.016797
[2016-09-11 18:43:14] mjones : 0.016673
[2016-09-11 18:45:20] mjones : see how eager the buyers are or if the sellers got a few hundred thousand to sell again
[2016-09-11 18:45:47] rapidtrades : monero 17...
[2016-09-11 18:46:04] mjones : funny how some whales bought up ETH a ton last night and today back to where it was
[2016-09-11 18:50:06] aethlios : also notice both eth and etc go down.
[2016-09-11 18:55:40] aethlios : Where do you think zcash will trade??
[2016-09-11 18:57:48] mjones : bittrex at least
[2016-09-11 18:58:34] Rado : I was too chicken to short monero at 0.022
[2016-09-11 18:58:35] Rado : :(
[2016-09-11 18:58:38] aethlios : mjones: it starts here this week, price I mean. get ready zcash on bitmex, Arthur said it.
[2016-09-11 18:59:43] Rado : Decent ICO opened today
[2016-09-11 18:59:52] Rado : didn't buy any
[2016-09-11 19:00:07] habibi : 28th october is official launch, how u wanna trade it before?
[2016-09-11 19:00:36] aethlios : habibi: this week bitmex launches future contract for zcash
[2016-09-11 19:00:59] habibi : ok, what about index price ?
[2016-09-11 19:02:17] aethlios : I will have an expiration on December, I guess low leverage (2.5x), wait for details.
[2016-09-11 19:03:03] aethlios : and because no spot, volume here could be very high.
[2016-09-11 19:04:07] aethlios : it will look like IOU of Lisk.
[2016-09-11 19:04:48] aethlios : hungry speculators can't wait for 28 of Oct.
[2016-09-11 19:09:52] Bacon futures trader : XMR could be bottom
[2016-09-11 19:10:55] Bacon futures trader : Either way I missed it and was only interessed on a drop below 64
[2016-09-11 19:18:14] rapidtrades : woooooooooooooooooooooooooooooo
[2016-09-11 19:18:16] herpinator : wow
[2016-09-11 19:18:23] REKT : Liquidated long on `XBTUSD`: Sell 1186 @ 622.29
[2016-09-11 19:18:23] REKT : Liquidated long on `XBTUSD`: Sell 610 @ 622.01
[2016-09-11 19:18:23] rapidtrades : bring it to daddy
[2016-09-11 19:18:33] rapidtrades : suck on them applez
[2016-09-11 19:19:19] Tetsuo : LMAO@BTC
[2016-09-11 19:19:35] Tetsuo : suck on this
[2016-09-11 19:19:38] Tetsuo : Bam
[2016-09-11 19:19:51] herpinator : what a movement
[2016-09-11 19:20:07] mjones : fct moving up more
[2016-09-11 19:20:23] Tetsuo : https://www.youtube.com/watch?v=zcOo7d96puU
[2016-09-11 19:20:41] mjones : aethlios: yeah i dont know how you'll price zcash before it's out
[2016-09-11 19:20:43] Roevenger : BTC had a nice exit pump
[2016-09-11 19:21:05] Tetsuo : 20:25 - Tetsuo: probably a chinese BTC fake pump, LTC didn´t move with it
[2016-09-11 19:21:09] Tetsuo : TOLD YA!!!
[2016-09-11 19:21:53] REKT : Liquidated long on `XBTUSD`: Sell 12500 @ 621.07
[2016-09-11 19:21:53] REKT : Liquidated long on `XBTUSD`: Sell 8000 @ 621.11
[2016-09-11 19:22:01] Tetsuo : Die BTC DIE!
[2016-09-11 19:22:24] rapidtrades : btc just crashed 100 on btce
[2016-09-11 19:22:29] REKT : Liquidated long on `XBTUSD`: Sell 2850 @ 618.04
[2016-09-11 19:22:29] REKT : HODL HODL HODL!
[2016-09-11 19:22:41] mjones : damn should have dumped my btc long
[2016-09-11 19:22:42] REKT : Liquidated long on `XBTUSD`: Sell 10000 @ 617.29
[2016-09-11 19:22:42] REKT : Liquidated long on `XBTUSD`: Sell 15 @ 616.34
[2016-09-11 19:22:42] REKT : Liquidated long on `XBTUSD`: Sell 500 @ 617.23
[2016-09-11 19:22:42] REKT : Liquidated long on `XBTUSD`: Sell 5000 @ 617.32
[2016-09-11 19:22:42] REKT : Liquidated long on `XBTUSD`: Sell 6000 @ 616.72
[2016-09-11 19:22:46] rapidtrades : another flash crash
[2016-09-11 19:22:49] Roevenger : wow
[2016-09-11 19:22:53] rapidtrades : its back up now tho
[2016-09-11 19:23:00] Tetsuo : bahahahahahahahah, DIE DIE DIE, Everything should be killed!
[2016-09-11 19:23:02] Roevenger : back to 400
[2016-09-11 19:23:40] mjones : damn there goes my new car
[2016-09-11 19:23:49] mjones : i can only afford my lambo tires now
[2016-09-11 19:24:08] rapidtrades : i cant' tell if the crash happened just on mt4 tho
[2016-09-11 19:24:09] tb : what nice logs
[2016-09-11 19:24:10] Tetsuo : Monero MM u sucker come back
[2016-09-11 19:24:12] herpinator : dam this is like mr.bone's wild ride
[2016-09-11 19:24:54] CaptainDean : holy btc
[2016-09-11 19:25:15] rapidtrades : trading view doesn't have that crash so looks like it was only mt4
[2016-09-11 19:25:19] Roevenger : nice trendline hold for now
[2016-09-11 19:25:54] Tetsuo : shorted @ 640@okc closed@ 616. Thanx china
[2016-09-11 19:26:06] herpinator : nice
[2016-09-11 19:26:26] rapidtrades : lol eth loving this crash
[2016-09-11 19:26:31] rapidtrades : what a jewcoin
[2016-09-11 19:26:37] Tetsuo : God bless the jews
[2016-09-11 19:26:46] Roevenger : hahah, everytime man :D
[2016-09-11 19:26:52] REKT : Liquidated short on `ETHXBT`: Buy 50 @ 0.01906
[2016-09-11 19:27:11] Tetsuo : ETHXBT 700 700.00 ETH 0.01881
[2016-09-11 19:27:30] Tetsuo : what a nice ending for this weekend
[2016-09-11 19:27:36] aethlios : now pump to 660 to shake out shorts
[2016-09-11 19:27:56] rapidtrades : yeah in ur dreams
[2016-09-11 19:28:28] BTCDJS : How the hell did I get liquidated when I set a trail stop 1.50?????
[2016-09-11 19:28:55] herpinator : too much of a goyim
[2016-09-11 19:29:02] Tetsuo : funny business in here a lot of times
[2016-09-11 19:29:36] REKT : Liquidated long on `XBTUSD`: Sell 5000 @ 614.35
[2016-09-11 19:29:36] REKT : Liquidated long on `XBTUSD`: Sell 34710 @ 614.23 **MEGA-REKT** :boom:
[2016-09-11 19:29:36] REKT : Liquidated long on `XBTUSD`: Sell 1650 @ 613.95
[2016-09-11 19:29:41] Tetsuo : kaching
[2016-09-11 19:29:57] REKT : Liquidated long on `XBTUSD`: Sell 4950 @ 613.41
[2016-09-11 19:30:17] rapidtrades : now actual btce site fell to 595
[2016-09-11 19:30:19] REKT : Liquidated long on `XBTUSD`: Sell 3000 @ 612.69
[2016-09-11 19:30:19] REKT : Liquidated long on `XBTUSD`: Sell 19000 @ 612.61
[2016-09-11 19:30:19] REKT : Liquidated long on `XBTUSD`: Sell 37 @ 612.50
[2016-09-11 19:30:21] CaptainDean : new low smells bad
[2016-09-11 19:30:22] rapidtrades : weird as hell
[2016-09-11 19:30:31] BTCDJS : Funny business indeed
[2016-09-11 19:30:36] REKT : Liquidated long on `XBTUSD`: Sell 600 @ 611.28
[2016-09-11 19:30:36] REKT : Liquidated long on `XBTUSD`: Sell 5221 @ 611.49
[2016-09-11 19:30:36] REKT : Liquidated long on `XBTUSD`: Sell 2000 @ 611.18
[2016-09-11 19:30:36] REKT : Liquidated long on `XBTUSD`: Sell 8500 @ 611.35
[2016-09-11 19:30:36] REKT : Liquidated long on `XBTUSD`: Sell 19100 @ 610.63
[2016-09-11 19:30:36] REKT : Liquidated long on `XBTUSD`: Sell 17 @ 611.65
[2016-09-11 19:30:47] Tetsuo : wow, megalulz @btc-e
[2016-09-11 19:30:51] REKT : Liquidated long on `XBTUSD`: Sell 1000 @ 610.20
[2016-09-11 19:30:51] REKT : Liquidated long on `XBTUSD`: Sell 600 @ 610.20
[2016-09-11 19:30:51] REKT : Liquidated long on `XBTUSD`: Sell 500 @ 609.56
[2016-09-11 19:30:51] REKT : Liquidated long on `XBTUSD`: Sell 61168 @ 609.72 **EPIC REKT** :unamused: :confounded: :astonished:
[2016-09-11 19:30:56] REKT : Liquidated long on `XBTUSD`: Sell 3635 @ 609.04
[2016-09-11 19:31:00] Tetsuo : those are the days i´m lovin crypto, when everyone gets fukked!
[2016-09-11 19:31:16] rapidtrades : smone just dumped 600 coins over there if reading i tright
[2016-09-11 19:31:26] rapidtrades : in 1 min
[2016-09-11 19:31:27] REKT : Liquidated long on `XBTUSD`: Sell 280 @ 608.33
[2016-09-11 19:31:37] herpinator : man everytime a wild movement takes place bitmex bugs out and I get an unresponsive script error so annyoing
[2016-09-11 19:31:51] REKT : Liquidated long on `XBTUSD`: Sell 33370 @ 606.63 **MEGA-REKT** :boom:
[2016-09-11 19:31:51] REKT : Liquidated long on `XBTUSD`: Sell 45841 @ 606.41 **MEGA-REKT** :boom:
[2016-09-11 19:32:09] REKT : Liquidated long on `XBTUSD`: Sell 1000 @ 605.27
[2016-09-11 19:32:09] REKT : Liquidated long on `XBTUSD`: Sell 9000 @ 604.90
[2016-09-11 19:32:13] mjones : i wish i closed my long now
[2016-09-11 19:32:15] dasdfasdf : not cool. 3 confirms and not showing up
[2016-09-11 19:32:17] rapidtrades : what
[2016-09-11 19:32:18] habibi : cantplace orders
[2016-09-11 19:32:20] REKT : Liquidated long on `XBTU16`: Sell 256 @ 619.70
[2016-09-11 19:32:20] REKT : Liquidated long on `XBTUSD`: Sell 6000 @ 604.17
[2016-09-11 19:32:20] REKT : Liquidated long on `XBTUSD`: Sell 300 @ 603.53
[2016-09-11 19:32:20] REKT : Liquidated long on `XBTUSD`: Sell 3000 @ 602.89
[2016-09-11 19:32:20] REKT : Liquidated long on `XBTUSD`: Sell 12000 @ 604.13
[2016-09-11 19:32:20] REKT : Liquidated long on `XBTUSD`: Sell 3000 @ 604.45
[2016-09-11 19:32:20] REKT : Liquidated long on `XBTUSD`: Sell 108638 @ 603.35 **REKTosaurus** :slot_machine: :moneybag: :fire:
[2016-09-11 19:32:20] REKT : Liquidated long on `XBTUSD`: Sell 200 @ 603.17
[2016-09-11 19:32:20] REKT : Liquidated long on `XBTUSD`: Sell 1 @ 602.97 :punch: :whale:
[2016-09-11 19:32:20] REKT : Liquidated long on `XBTUSD`: Sell 3000 @ 603.77
[2016-09-11 19:32:21] REKT : Liquidated long on `XBTUSD`: Sell 90 @ 603.02
[2016-09-11 19:32:23] rapidtrades : the hell
[2016-09-11 19:32:27] Tetsuo : okccoion quarerlys@ 690