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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[2016-10-01 12:41:23] daveberns1 : that doesnt even match up
[2016-10-01 12:41:27] daveberns1 : something is off
[2016-10-01 12:41:36] sleger : they are not following the kaiko index AFAIK
[2016-10-01 12:41:42] sleger : but the bitmex kaiko index
[2016-10-01 12:42:34] lockhedge : https://www.kaiko.com/bitmex
[2016-10-01 12:44:37] daveberns1 : well looks like weights werent recalculated yesterday
[2016-10-01 12:44:50] daveberns1 : 50% bitstamp, 50% OKCoin???
[2016-10-01 12:44:53] daveberns1 : what a joke
[2016-10-01 12:46:28] daveberns1 : bitstamp, LOL
[2016-10-01 12:46:37] daveberns1 : what is this, 2012?
[2016-10-01 12:48:09] sleger : it has been the case since finex hack
[2016-10-01 12:49:16] rullwull : use btc-e price instead of bitstamp
[2016-10-01 12:50:38] daveberns1 : that wouldnt help, btce has historically traded at a discount
[2016-10-01 12:51:01] daveberns1 : need GDAX, add back BFX, and maybe Kraken EUR
[2016-10-01 12:51:11] rullwull : but the main problem in bitumen is incredibly low volumes
[2016-10-01 12:51:19] rullwull : bitmex
[2016-10-01 12:51:25] rullwull : impossible to trade
[2016-10-01 12:51:33] rapidtrades : daveberns1: bfx is never coming back
[2016-10-01 12:52:09] rullwull : i did a few good trades during june rally and now all my attempts failed because of lack of volumes
[2016-10-01 12:53:04] rapidtrades : are u sure it's the volume and not cos price isn't rising vertically and every idiot can't make money?
[2016-10-01 12:53:28] rullwull : i make money on woodchopper
[2016-10-01 12:53:35] rullwull : even during sideways
[2016-10-01 12:54:07] rullwull : but not here, there are no more than 10-20 btc a day
[2016-10-01 12:54:23] rullwull : this is not a volume)
[2016-10-01 12:54:26] lockhedge : XBTUSD 24h volume is higher than bitfinex, bitstamp or okc spot
[2016-10-01 12:54:52] rullwull : divide this volumes by 50
[2016-10-01 12:55:01] rullwull : and you get real volumes
[2016-10-01 12:55:33] rullwull : or compare them with okc futures volumes, not with spots
[2016-10-01 12:56:34] lockhedge : i traded 243 btc in the last 24h and my current leverage is 0.05x
[2016-10-01 12:57:41] rapidtrades : rullwull: 90% of okc futures volume is fake
[2016-10-01 12:58:03] sleger : futures no
[2016-10-01 12:58:14] rapidtrades : yes
[2016-10-01 12:58:15] rullwull : i would say that 2/3 of cny spot is fake
[2016-10-01 12:58:29] rapidtrades : okc spot usd was real
[2016-10-01 12:59:15] rapidtrades : while i traded there
[2016-10-01 12:59:30] sleger : futures is real too
[2016-10-01 12:59:56] rullwull : futures are manipulated as well, but not so much as cny spot
[2016-10-01 13:00:31] lockhedge : agree with sleger that it is very likely that okc futures volumes are real
[2016-10-01 13:00:34] rullwull : i have a few chinese friends who work in okc
[2016-10-01 13:01:26] rullwull : they used to manipulated futures a lot in the early days, not anymore
[2016-10-01 13:01:37] sleger : that's not true either
[2016-10-01 13:02:25] sleger : I was over 20% of the futures volume in the first 2 months of the platform and over 10% in the next 2 months, and they did not.
[2016-10-01 13:04:34] rullwull : i know for sure that okc itself provided most of the liquidity for futures during first half year. i can't tell anything about market manipulations, but the volumes were from okc
[2016-10-01 13:05:14] lockhedge : it's possible that they (or connected entities) were/are running bots to provide liquidity but that does not mean they are faking volumes
[2016-10-01 13:05:55] sleger : and if they were they were not the highest volume maker i can tell you that
[2016-10-01 13:05:55] rullwull : yes, maybe. its not like any spot where their orders never match with the usersorders
[2016-10-01 13:06:06] rullwull : cny spot
[2016-10-01 13:06:07] sleger : "As part of our recent futures promotion, I’m pleased to let you know that you have won the prize for: the daily highest volume the weekly highest volume the monthly highest volume We’ll be crediting your account with 12.5BTC in prizes tomorrow! Thanks for trading on OKCoin! Neil"
[2016-10-01 13:06:12] sleger : sep 30, 2014
[2016-10-01 13:07:13] rullwull : this cool, did they really award you with 12.5 btc?
[2016-10-01 13:07:15] lockhedge : sleger: nice
[2016-10-01 13:07:26] sleger : yes they did
[2016-10-01 13:07:38] sleger : I actually won many more prizes with them
[2016-10-01 13:07:58] rullwull : i only got some scam mails about btc prizes)
[2016-10-01 13:08:42] sleger : "our award has now been deposited into your account, thanks for all the trading! The award was actually 13BTC, as you had the top trading volume for two days running on 26-27 August, hence the extra 0.5BTC over my original email." on october 2nd
[2016-10-01 13:10:03] rullwull : sleger: so what do u do here with your crazy volumes?)))
[2016-10-01 13:10:37] sleger : almost nothing here
[2016-10-01 13:10:53] rullwull : me too))
[2016-10-01 13:11:07] rullwull : i switched to oil
[2016-10-01 13:12:06] rapidtrades : futures is fake as balls and noone can convince me otherwise
[2016-10-01 13:12:20] rapidtrades : try placing an order in the middle and watch the volume dry up
[2016-10-01 13:12:21] sleger : ok then we wont try
[2016-10-01 13:12:27] sleger : (to convince you)
[2016-10-01 13:12:30] rapidtrades : ur so full of it
[2016-10-01 13:13:51] rapidtrades : they're jacking up the volume with in-house bots but if u try to get filled in the middle noone will trade with u
[2016-10-01 13:14:00] rapidtrades : if thats not fake i don't know waht is
[2016-10-01 13:18:34] habibi : sleger: sadly but i agree with rapidtrades, volumes are faked but still a lot of real money is there
[2016-10-01 13:19:42] sleger : as i just said i wont try to convince you, but the volume is real
[2016-10-01 13:19:51] rapidtrades : I think sleger is confusing executable volumes
[2016-10-01 13:20:01] rullwull : here everything is real, but no money))))
[2016-10-01 13:20:16] rapidtrades : u can get filled at bids/asks with market...they're not fake
[2016-10-01 13:20:45] rapidtrades : but they constantly trade in the middle...most of volume is there so the total reported volume is fale
[2016-10-01 13:20:52] rullwull : never had a problem with filling my orders in okc futures
[2016-10-01 13:20:56] habibi : sleger: in other words part of volume is meaningless
[2016-10-01 13:21:05] rapidtrades : most i would say
[2016-10-01 13:21:25] sleger : that's not true rapid, if you were recording real time market data you would see trades dont magically appear in the middle
[2016-10-01 13:22:15] rapidtrades : dude....price keeps printing in the middle but as soon as u try to get fiilled there, trading magically stops
[2016-10-01 13:22:48] rapidtrades : those trades are occurring between inhouse bots
[2016-10-01 13:22:55] sleger : well im lucky it never happened to me then
[2016-10-01 13:23:26] rapidtrades : it happened everytime...anyone can try it
[2016-10-01 13:23:46] rapidtrades : it even works with 1 contract,,,completely shuts down trading
[2016-10-01 13:24:31] habibi : note that volumizer is not always on
[2016-10-01 13:25:31] sleger : rapidtrades: maybe I know why you're having that problem actually
[2016-10-01 13:25:53] sleger : when is the last time you updated your windows 95 ?
[2016-10-01 14:01:04] Rado : sleger: lol
[2016-10-01 14:02:48] justinlooking : any nodejs aficianados here?
[2016-10-01 14:06:25] BitMEX_Sam : justinlooking: Yep
[2016-10-01 14:09:03] Rado : justinlooking: google is the best one I know :-)
[2016-10-01 14:15:41] Rado : BitMEX_Sam: when are the new XBJ contracts going to be listed?
[2016-10-01 14:16:06] BitMEX_Sam : Rado: Monday at 12:00 UTC
[2016-10-01 14:16:13] Rado : thanks
[2016-10-01 14:16:37] Rado : there is a weekly as well as 3 month one right?
[2016-10-01 14:19:12] BitMEX_Sam : I believe daily, weekly, quarterly.
[2016-10-01 14:19:36] BitMEX_Sam : You should have an email we sent yesterday, about 24 hours ago.
[2016-10-01 14:21:18] Rado : found it
[2016-10-01 14:21:18] Rado : thanks
[2016-10-01 14:40:38] justinlooking : BitMEX_Sam: could you make a zenbot plugin for bitmex
[2016-10-01 14:40:56] justinlooking : github.com/carlos8f/zenbot
[2016-10-01 14:42:49] justinlooking : derp bitmex plugin for zenbot
[2016-10-01 14:48:19] RocketScience : who dare short the king btc?
[2016-10-01 14:48:30] RocketScience : how can i change my color?
[2016-10-01 14:48:56] justinlooking : ask mods to change ur nick
[2016-10-01 14:49:27] RocketScience : mods new random color please
[2016-10-01 14:49:49] justinlooking : or dis rapidtrades until u level up enough
[2016-10-01 14:57:24] mjones : *test* _test_
[2016-10-01 14:57:35] RocketScience : you change colors with leveling up? what is level up?
[2016-10-01 14:58:00] mjones : gogogo btc
[2016-10-01 14:59:21] mjones : i like how 0kcoin is showing a little over 4000 BTC to hit 4140 CNY
[2016-10-01 15:15:17] RocketScience : 4100 is chinese support level, because brain
[2016-10-01 15:15:22] REKT : Liquidated short on `XBTUSD`: Buy 3880 @ 614.18
[2016-10-01 15:15:46] RocketScience : wants to see patterns and nice numbers
[2016-10-01 15:15:52] REKT : Liquidated short on `XBTUSD`: Buy 4 @ 614.45 :punch: :whale:
[2016-10-01 15:16:45] rapidtrades : RocketScience: well I'm top level
[2016-10-01 15:20:07] REKT : Liquidated long on `FCTXBT`: Sell 100 @ 0.003845
[2016-10-01 15:20:07] REKT : Liquidated long on `FCTXBT`: Sell 160 @ 0.003891
[2016-10-01 15:20:07] REKT : Liquidated long on `FCTXBT`: Sell 6280 @ 0.003802
[2016-10-01 15:20:07] REKT : Liquidated long on `FCTXBT`: Sell 8200 @ 0.003782
[2016-10-01 15:20:08] mjones : lol FCT
[2016-10-01 15:20:10] habibi : wow
[2016-10-01 15:20:30] mjones : 11% drop
[2016-10-01 15:21:37] mjones : fct might be over
[2016-10-01 15:24:49] mjones : nvm buyers showed up
[2016-10-01 15:24:52] RocketScience : see you next month
[2016-10-01 15:25:06] RocketScience : M2 postponed
[2016-10-01 15:25:29] RocketScience : only testnet soon
[2016-10-01 15:30:47] mjones : 260btc added in FCT support on polo. guess that's all till the next whale dumps
[2016-10-01 15:38:17] RocketScience : xem, decred and monero had the same mega dump in last 2 days
[2016-10-01 15:38:37] RocketScience : through all support
[2016-10-01 15:40:51] mjones : i guess people want in BTC to long before the October pump
[2016-10-01 15:45:33] blackwhite : bitmex, would we have XMR monthly or quarterly?
[2016-10-01 15:47:28] mjones : looks like fct market maker said f this i'm out during that dump
[2016-10-01 15:49:23] RocketScience : 1150 btc was traded in 15 min
[2016-10-01 15:49:42] RocketScience : that's the size of average factom orderbook
[2016-10-01 15:50:46] mjones : now even more fct will be in the hands of a few
[2016-10-01 15:51:07] mjones : if this eventually takes off then it'll be a nice pump.
[2016-10-01 15:54:01] RocketScience : buy now, hold through 400
[2016-10-01 16:07:59] Rado : mjones: any reason for the FCT dump other than sellers?
[2016-10-01 16:08:59] mjones : people are waiting for M2 to be released and then M3. the release of both are being pushed back and people are losing faith in the project
[2016-10-01 16:09:18] mjones : but they could deliver in months / some time next year
[2016-10-01 16:17:17] Rado : thanks
[2016-10-01 16:27:34] krach : how long does cash rebalance take?
[2016-10-01 16:27:46] krach : I was long now I am not in position
[2016-10-01 16:29:03] mjones : 19 hours 30 minutes till rebalance
[2016-10-01 16:29:51] krach : 14:00 - cash rebalence - status - pending
[2016-10-01 16:30:23] krach : so im out of position because rebalence took a few hours?
[2016-10-01 16:30:48] BitMEX_Sam : Just means that your profit is pending, it will be deposited into your account at rebalance. This is because of DPE
[2016-10-01 16:31:07] BitMEX_Sam : The reasoning is that if there is a DPE event, that profit will have to be reduced, so we have to withhold it for a short time.
[2016-10-01 16:31:23] krach : ok
[2016-10-01 16:31:23] BitMEX_Sam : However, this system is changing on Monday to auto-deleveraging, so this will no longer be an issue - rebalance will cease to exist.
[2016-10-01 16:31:38] krach : right, that is why I got a little mixed up, ok
[2016-10-01 16:31:51] krach : Does that mean that I am out of my long as of 1400?
[2016-10-01 16:31:51] BitMEX_Sam : :) Yeah, once ADL is live all profit will enter your account immediately.
[2016-10-01 16:31:59] BitMEX_Sam : If your quantity is 0, yes.
[2016-10-01 16:32:01] krach : that is a good step
[2016-10-01 16:32:05] krach : ok
[2016-10-01 16:32:12] oxandro : BitMEX_Sam: hi, any news about firstblood?
[2016-10-01 16:32:22] BitMEX_Sam : oxandro: Not yet, but we're keeping an eye on it.
[2016-10-01 16:32:44] BitMEX_Sam : krach: It doesn't appear to me that your position is closed. Check your open positions list.
[2016-10-01 16:36:12] Martinos : is there any information about ADL?
[2016-10-01 16:39:11] krach : ah, it was the dashboard
[2016-10-01 16:44:12] BitMEX_Sam : Martinos: https://www.bitmex.com/app/autoDeleveraging
[2016-10-01 16:44:43] Martinos : thanks:)
[2016-10-01 16:52:21] rapidtrades : wtf is firstblood
[2016-10-01 16:52:35] blackwhite : "900% Margin Used"
[2016-10-01 16:52:57] blackwhite : Bitmex note, must be an error in my stats
[2016-10-01 16:54:44] rapidtrades : have to say I'm not hating the current funding rates
[2016-10-01 16:55:35] blackwhite : yeah, not bad rates. a bit difficult to forecast thou
[2016-10-01 16:55:54] blackwhite : before you get in position )
[2016-10-01 16:56:04] BitMEX_Sam : blackwhite: This is not unreasonable if you are leveraged.
[2016-10-01 16:56:25] blackwhite : I think real margin usage is 9%, not 900%
[2016-10-01 16:56:36] BitMEX_Sam : You might be right, hold on - thanks for the report
[2016-10-01 16:57:01] thealterego : I guess the margin tab has a calculation error. Should have a /100
[2016-10-01 16:57:17] thealterego : Oh, already reported
[2016-10-01 17:10:18] mjones : xmr new recent low. no bounce to break this downtrend yet
[2016-10-01 17:12:32] REKT : Liquidated long on `XMR7D`: Sell 10 @ 0.012255
[2016-10-01 17:24:35] esuvari : BitMEX_Sam: hey Sam, any plans to include xrp?
[2016-10-01 17:25:09] BitMEX_Sam : esuvari: Yes, we're looking into it, it's in Testnet right now.
[2016-10-01 17:25:33] esuvari : great, any ETA?
[2016-10-01 17:26:31] BitMEX_Sam : Not yet, can only say "soon", we've been talking with their team.
[2016-10-01 17:29:14] mjones : do people think XRP is going to take off?
[2016-10-01 17:30:30] esuvari : if bitmex adds it, there's at least one more pump left in it
[2016-10-01 17:32:15] mjones : lol @ the person who just picked up 8000 xmr long
[2016-10-01 17:33:26] mjones : if this bounces then i suppose it was a good idea
[2016-10-01 17:36:23] mjones : new xmr low. here we go
[2016-10-01 17:48:53] rapidtrades : mjones: did u stick with ur short?
[2016-10-01 17:49:46] mjones : no
[2016-10-01 17:57:06] blackwhite : I asked about XMR monthly futures. Any chance to have them?
[2016-10-01 18:15:44] omicron : blackwhite: you dont like the weeklies?
[2016-10-01 18:17:00] blackwhite : no I don't. week passes fast, I have other things to do besides scratching my head how and when to re-enter
[2016-10-01 18:17:57] blackwhite : if they made it a swap it would probably have a wildly jumping funding fee. Better to have a normal long-standing future
[2016-10-01 18:18:34] omicron : right. you cant swappify anything that doesnt have the stability and liquidity of bitcoin
[2016-10-01 18:31:49] zanza : Monero is on sale
[2016-10-01 19:09:36] Cryptoprofit : How long until zcash drops to 0.075?
[2016-10-01 19:15:55] mjones : depends how long it takes for that margin call to get cleared out
[2016-10-01 19:19:52] messiaen8844 : Man 7D on Bitcoin or longer futures are really missing now
[2016-10-01 19:20:08] messiaen8844 : Funding gets way too expensive on the swaps
[2016-10-01 19:21:23] mjones : wait till monday and you'll be happy
[2016-10-01 19:21:30] messiaen8844 : what will happen monday?
[2016-10-01 19:21:37] mjones : 7 day 30 day and 3 month
[2016-10-01 19:21:41] messiaen8844 : been out of the loop in th chat here
[2016-10-01 19:21:51] messiaen8844 : ah, that's great
[2016-10-01 19:22:34] messiaen8844 : Lol factom
[2016-10-01 19:24:59] sleger : against jpy though
[2016-10-01 19:27:57] habibi : and jpy usd moves are quite strong
[2016-10-01 19:30:20] sleger : even if they werent it just doesnt make any sense to do that
[2016-10-01 19:30:46] sleger : they must smoke too much Durian in hong kong
[2016-10-01 19:44:58] RocketScience : Is it 0.26% of the 10x leveraged value ( like 10btcor 0.26% of my margin(1btc)?
[2016-10-01 19:45:19] RocketScience : funding
[2016-10-01 19:48:56] lockhedge : 0.26% of the notional value of your position
[2016-10-01 19:49:19] messiaen8844 : no reference in bitmex blog for those monday launches
[2016-10-01 19:50:05] messiaen8844 : oh, JYP... USDJPY has been very volatile
[2016-10-01 19:50:41] messiaen8844 : TradingView AFAIR don't even have those BTCJPY charts
[2016-10-01 19:54:55] RocketScience : so...on 50x leverage that is like 10% of my margin money :(
[2016-10-01 19:55:24] RocketScience : is it economic to sell and buy back, to dodge the funding?
[2016-10-01 19:56:31] mjones : i think so
[2016-10-01 20:08:40] RocketScience : yeah it's like 12% at 0.26% at 50x
[2016-10-01 20:08:50] RocketScience : i need btc to pump fast :D
[2016-10-01 20:09:18] sleger : dont worry there's another one coming in 8 hours
[2016-10-01 20:09:32] sleger : like arthur says, then just short it and earn the funding
[2016-10-01 20:10:13] RocketScience : we must pay for being bullish
[2016-10-01 20:10:40] sleger : average funding is only 120% per year (I believe)
[2016-10-01 20:10:56] sleger : so it bitcoin goes to 2000 in one year you can still make some money
[2016-10-01 20:11:21] RocketScience : did funding rise because of the rally?
[2016-10-01 20:11:37] sleger : it rose because there was premium
[2016-10-01 20:12:07] sleger : there was premium because people were okay to buy at a higher price or seller to sell at a higher price, probably because the price rose yes
[2016-10-01 20:13:10] RocketScience : i should dodge that funding
[2016-10-01 20:13:40] sleger : the price adjusts at funding time so if you sell and rebuy you will still pay it plus trading fees
[2016-10-01 20:14:16] RocketScience : it is inevitable
[2016-10-01 20:14:47] sleger : being long the swap is your choice
[2016-10-01 20:15:16] habibi : depends on time, there was a time with sth around 1% funding when i was able to buy around 100 btc worth of position, take 1 btc during funding and dump seconds after to some big bid but most of cases its hard to avoid
[2016-10-01 20:24:19] mjones : i dont get why XMR is higher than polo price
[2016-10-01 20:29:24] rullwull : mjones: because no funding
[2016-10-01 20:30:16] mjones : bots betting price isn't going to go lower and wont let me get a long in at a better price
[2016-10-01 20:30:18] habibi : mjones: coz of premium, positive premium is coz of buying, then market maker moves his bids higher to make it more atractive for sellers so he can get out of position
[2016-10-01 20:57:02] Rado : sleger: that's why we need longer term futures that don't have funding
[2016-10-01 20:57:14] Rado : then you can invest long term
[2016-10-01 20:57:35] Rado : the swap is just for day trading, not long term investing
[2016-10-01 21:06:34] RocketScience : 1000 btc buywall at ETH on 1125
[2016-10-01 21:06:53] habibi : looks like dump incoming
[2016-10-01 21:07:27] RocketScience : he pulled it
[2016-10-01 21:19:04] mjones : all alts are heading down
[2016-10-01 21:19:40] Rado : People moving back into BTC
[2016-10-01 21:21:16] mjones : then everyone goes margin long BTC and blast off
[2016-10-01 21:21:59] mjones : ETC looks about ready to make new lows. wonder how low it'll go
[2016-10-01 21:23:02] mjones : that may be the best money making chance. 10x short ETC as it falls a ton
[2016-10-01 21:38:34] sleger : Rado: I know, I keep asking for long term futures
[2016-10-01 23:22:01] QuantFocus : funding system is seriously jacked
[2016-10-01 23:22:53] sleger : which instrument ?
[2016-10-01 23:23:00] QuantFocus : xbt
[2016-10-01 23:23:35] sleger : well price went up, people paid more than spot so there is premium
[2016-10-01 23:23:42] sleger : why is it "seriously jacked" ?
[2016-10-01 23:23:50] QuantFocus : it completely robs the longs
[2016-10-01 23:24:15] QuantFocus : formula for funding charge is not balanced
[2016-10-01 23:25:04] QuantFocus : nearly all profit in the last 24 hours was consumed entirely by funding.
[2016-10-01 23:25:07] sleger : last time i said something like that i was told then short and earn the premium
[2016-10-01 23:25:09] QuantFocus : no way to maintain a position here
[2016-10-01 23:25:26] QuantFocus : but i don't want to be short. i want to be long
[2016-10-01 23:25:36] sleger : that's what i said
[2016-10-01 23:25:38] QuantFocus : and i don't want to give up all my profit
[2016-10-01 23:26:15] QuantFocus : i'm gambling more against whether or not the 'pump' is going to happen within the next 8 hours instead of just that the market is bullish
[2016-10-01 23:26:49] sleger : yep, like someone else said they should just replace the price with a dice
[2016-10-01 23:27:02] sleger : bit-dice
[2016-10-01 23:29:50] Rado : Monday you will have 7 day and 3 months futures
[2016-10-01 23:29:59] Rado : then you can go long and not worry about funding
[2016-10-01 23:30:17] mjones : ^ i cant wait for that
[2016-10-01 23:30:32] mjones : and when you close your position the profit is available to be used right away
[2016-10-01 23:30:45] Rado : yep
[2016-10-01 23:30:47] Rado : that's nice
[2016-10-01 23:30:51] mjones : so it'll be more like okcoin
[2016-10-01 23:31:00] mjones : but higher leverage
[2016-10-01 23:31:22] habibi : does woodchipper offer jpy inverse futures?
[2016-10-01 23:31:36] mjones : not more like okcoin in that sense
[2016-10-01 23:31:49] mjones : but 3 month contract with profit able to be used right away
[2016-10-01 23:32:32] habibi : normally u would get 50% in next 8h session and rest at friday, is that really that big change?
[2016-10-01 23:32:58] mjones : if price is moving fast sometimes it's nice to close and relong with profit right away
[2016-10-01 23:35:50] sleger : you guys want to trade btc against jpy ?
[2016-10-01 23:35:59] sleger : you eat that many sushis ?
[2016-10-01 23:39:54] mjones : xmr gonna flash crash
[2016-10-01 23:47:21] Rado : sleger: we are not going to have a choice
[2016-10-01 23:47:42] Rado : I want to trade BTC with BTC and BitBEX does that
[2016-10-01 23:49:47] sleger : you always have a choice
[2016-10-01 23:50:21] Rado : I don't trust okcoin as an exchange
[2016-10-01 23:50:26] Rado : any other choice?
[2016-10-02 00:02:08] sleger : 0kcoin, bitvc
[2016-10-02 00:02:22] sleger : i dont know any woodchipper sorry
[2016-10-02 00:07:55] rapidtrades : french 'humor'
[2016-10-02 00:08:10] rapidtrades : don't some frogs need eating?
[2016-10-02 00:09:03] sleger : that's for tourists
[2016-10-02 00:09:18] sleger : still mad about that win95 joke ?
[2016-10-02 00:11:37] rapidtrades : no
[2016-10-02 00:12:44] rapidtrades : lol, look at this f*cking scam https://bnktothefuture.com/pitches/bitfinex/conversations
[2016-10-02 00:13:00] rapidtrades : first it was 26 days now they extended it to 60d
[2016-10-02 00:13:13] rapidtrades : and suddenly smone dropped 2mil
[2016-10-02 00:13:14] sleger : they said they got 20mil already
[2016-10-02 00:13:24] rapidtrades : good
[2016-10-02 00:14:30] Rado : sleger: will checkout bitvc
[2016-10-02 00:15:04] sleger : its part of hu0bi
[2016-10-02 00:15:16] Rado : I see
[2016-10-02 00:15:40] sleger : anyways if you go with 10x leverage your default risk is not that high
[2016-10-02 00:16:00] rapidtrades : if they already got 20mil why isn't it showing on the conversions page
[2016-10-02 00:16:16] sleger : thats not conversion as far as i understand, outside investment
[2016-10-02 00:16:29] rapidtrades : it says conversion right there
[2016-10-02 00:16:32] sleger : i dont know much about it, just saw it on reddit
[2016-10-02 00:16:38] sleger : have to call phil
[2016-10-02 00:16:48] lockhedge : you can also covert via bfxtrust or directly
[2016-10-02 00:17:04] rapidtrades : and u can only do it by using buttffinex so not like their usual projects on baktotheshit
[2016-10-02 00:17:35] rapidtrades : sleger: so did they give u the money back or what
[2016-10-02 00:18:05] sleger : what
[2016-10-02 00:18:43] rapidtrades : so are u suing or what...looks like they will have the money to pay up now
[2016-10-02 00:18:59] sleger : i cant comment on anything
[2016-10-02 00:19:29] rapidtrades : lol
[2016-10-02 00:19:46] rapidtrades : I'm sure their one 'legal council' is watching this chat
[2016-10-02 00:20:31] sleger : other people might be
[2016-10-02 00:22:32] sleger : it seems that they are on a path to raise enough money to reduce their debt and pay off most of the tokens
[2016-10-02 00:22:37] rapidtrades : so if the CFTC imposes any fines....won't they ban them from doing business with americans too?
[2016-10-02 00:23:12] sleger : it depends. They already had a fine but no ban
[2016-10-02 00:23:32] sleger : it's to the discretion of the regulator
[2016-10-02 00:23:43] rapidtrades : cos that's what I would do after saying they have segregated wallets and then turning around and 'haircutting' everyone
[2016-10-02 00:24:09] lockhedge : they stopped margin trading for US customers after the hack because they currently don't have segregated wallets
[2016-10-02 00:24:22] lockhedge : but most US customers aren't verfied
[2016-10-02 00:25:35] sleger : i was wondering why they stopped margin for US
[2016-10-02 00:25:52] sleger : they still kept exchange trading so "seggregated wallets" is not the reason
[2016-10-02 00:27:24] lockhedge : spot trading is not subject to CFTC oversight
[2016-10-02 00:28:27] sleger : ok so they think they can escape cftc oversight by not offering margin trading, okay
[2016-10-02 00:29:40] lockhedge : "Bitfinex violated Section 4(a) of the CEA, which requires such transactions to be conducted on a designated contract market or derivatives transaction execution facility. The Order further states that because the transactions did not result in actual delivery of bitcoins, Bitfinex could not rely on the exception to the CFTC’s jurisdiction over such transactions"
[2016-10-02 00:29:45] habibi : lending for us customers, according to Phil us customers are only 20% of whole
[2016-10-02 00:30:19] rapidtrades : 20% with the most money...and he prolly doesn't include unverified in that
[2016-10-02 00:30:49] rapidtrades : the fact that they extended it to 60 days shows they're bluffing
[2016-10-02 00:30:55] lockhedge : habibi: all unverified user count as non US
[2016-10-02 00:31:35] rapidtrades : plus we have no independent source to confirm the 20mil figure...the banktothefuture says 2mil
[2016-10-02 00:32:43] rapidtrades : this is why they didn't make it a coin
[2016-10-02 00:32:52] rapidtrades : so they can pull shady stuff like this
[2016-10-02 00:33:07] rapidtrades : guys we have 20mil committed, honest!
[2016-10-02 00:34:57] sleger : just 60 to go
[2016-10-02 00:38:10] rapidtrades : ur an idiot if u believe a word they say
[2016-10-02 00:38:28] rapidtrades : 99.5% of funds kept in a cold wallet
[2016-10-02 00:38:34] rapidtrades : remember that one
[2016-10-02 00:40:32] rapidtrades : they couldn't even produce decent photos for their pitch page....they all look like drug dealers
[2016-10-02 00:55:29] rapidtrades : btc-e down
[2016-10-02 01:02:48] lockhedge : rapidtrades: "Technical maintenance in data center on October 2, 2016, from 00:00 till 12:00 (MSK time). Our services may be temporary unavailable" https://twitter.com/btcecom/status/782096159510757376
[2016-10-02 01:13:48] rapidtrades : great
[2016-10-02 01:14:11] rapidtrades : a 12h maintenance
[2016-10-02 01:22:26] Rado : wow
[2016-10-02 01:22:30] Rado : wtf
[2016-10-02 01:22:49] Rado : they haven't heard of redundancy?
[2016-10-02 01:23:42] Rado : unless they are not doing maintenance on the servers, but rather the data
[2016-10-02 01:33:08] REKT : Liquidated short on `XMR7D`: Buy 100 @ 0.012810
[2016-10-02 01:33:08] REKT : Liquidated short on `XMR7D`: Buy 35 @ 0.012841
[2016-10-02 01:34:17] mjones : xmr pumping with no support behind it
[2016-10-02 01:34:23] mjones : manipulation down may be over
[2016-10-02 01:34:40] mjones : weak pump volume wise too
[2016-10-02 01:35:40] crmun : any mod in here?
[2016-10-02 01:38:02] crmun : i understand my short on xmr was liquidated at 0.012810 but why exec price is 0.013419 ????? WTF?????????
[2016-10-02 01:39:07] BitMEX_Greg : crmun: The price you see is your bankruptcy price.
[2016-10-02 01:39:22] crmun : what it means?
[2016-10-02 01:39:22] BitMEX_Greg : You should have received an email that helps explain the difference between the bankruptcy price and liquidation price
[2016-10-02 01:39:38] BitMEX_Greg : Bankruptcy price is when your maintenance margin is equal to 0
[2016-10-02 01:40:09] BitMEX_Greg : The liquidation event happens at the liquidation price, at a price when your maintenance margin is equal to 5% for XMR
[2016-10-02 01:40:15] crmun : this is not fair
[2016-10-02 01:40:32] crmun : its robbery
[2016-10-02 01:41:18] BitMEX_Greg : This is how it works so that we can help provide a liquid platform with high leverage.
[2016-10-02 01:42:02] crmun : but you could just close it with closest ask order
[2016-10-02 01:42:10] mjones : on monday with the new changes will XMR profit be available right away when the position is fully closed?
[2016-10-02 01:42:34] BitMEX_Greg : Closing a position incurs costs.
[2016-10-02 01:43:18] BitMEX_Greg : Any costs less than the maintenance margin remaining to go the insurance fund
[2016-10-02 01:43:25] BitMEX_Greg : This helps avoid DPE events.
[2016-10-02 01:43:46] crmun : but it doubles my losses from bad trade
[2016-10-02 01:43:54] crmun : any mod in here?
[2016-10-02 01:44:07] BitMEX_Greg : crmun: Yes can I help you further?
[2016-10-02 01:45:21] crmun : it doubles my losses from bad trade, its ridickolous
[2016-10-02 01:45:47] BitMEX_Greg : How does it double your loss? Liquidation occurs when the maintenance margin drops below 5%
[2016-10-02 01:46:15] BitMEX_Greg : Please take a read of: https://www.bitmex.com/app/liquidation
[2016-10-02 01:47:25] crmun : ok i opened short at 0.0122, it suppose to be liquidated at 0.0128 and exec price is 0.0134, so it doubled my loss
[2016-10-02 01:47:57] BitMEX_Greg : The price you see is the bankruptcy price as I explained, where your margin is equal to 0%
[2016-10-02 01:48:10] BitMEX_Greg : Did you receive a liquidation email?
[2016-10-02 01:48:33] crmun : so it was not real 10x lev but 5x
[2016-10-02 01:49:15] BitMEX_Greg : You have 10x leverage, as the initial margin is only 10% to open a trade
[2016-10-02 01:49:34] BitMEX_Greg : once the margin drops to 5% (effectively 20x leverage), your position is closed out
[2016-10-02 01:51:13] crmun : it was not closed out at current price or even close
[2016-10-02 01:51:46] crmun : it was closed much higher than i could expect
[2016-10-02 01:52:36] BitMEX_Greg : When the price drops below your liquidation price, then you are liquidated.
[2016-10-02 01:52:44] BitMEX_Greg : In your trading history, the price you see is the bankruptcy price
[2016-10-02 01:54:37] BitMEX_Greg : by Price I mean Mark Price
[2016-10-02 01:54:52] crmun : i dont care how you call it, i want know why you close it at this high? 0.0134 !!!!
[2016-10-02 01:57:51] BitMEX_Greg : As I said, the 5% margin that is above your liquidation price (0.0128*1.05_ = 1.0344
[2016-10-02 01:58:09] BitMEX_Greg : You are closed at the price where your margin is = 0
[2016-10-02 01:58:15] BitMEX_Greg : which is called your Bankruptcy price
[2016-10-02 01:58:30] BitMEX_Greg : that margin is used to close the position so the system does not incur a loss in doing so
[2016-10-02 01:58:49] BitMEX_Greg : because Monero is a highly volatile contract, and we offer a high leverage of 10x, the maintenance margin is 5%
[2016-10-02 01:59:04] BitMEX_Greg : any funds left over from closing your position are deposited into the insurance fed
[2016-10-02 01:59:15] BitMEX_Greg : which helps further liquidations to avoid DPE events
[2016-10-02 02:01:43] crmun : ok so tell me just one more thing how mark price is calculated on xmr?
[2016-10-02 02:02:20] MrRGnome : https://www.bitmex.com/app/fairPriceMarking#Calculation of Fair Price for Futures Contracts
[2016-10-02 02:02:30] BitMEX_Greg : Thanks @MrRGnome this is correct
[2016-10-02 02:02:46] BitMEX_Greg : The contract specifications are here:https://www.bitmex.com/app/contract/XMR7D
[2016-10-02 02:04:06] MrRGnome : crmun: This seems to have been a misunderstanding about how futures markets work. That's why you were liquidated higher than the XMR spot price ever reached, the expected or mark price did reach that high.
[2016-10-02 02:09:03] crmun : yeah but how mark price hit that level and its 0.0002 btc higher all the time? it was even higher than bullish asks
[2016-10-02 02:09:58] BitMEX_Greg : This is a futures contract. It trades at a high basis
[2016-10-02 02:10:12] BitMEX_Greg : The current fair basis rate is 117% annualised
[2016-10-02 02:20:04] rapidtrades : For btc?
[2016-10-02 02:22:56] BitMEX_Greg : for monero
[2016-10-02 04:24:07] REKT : Liquidated long on `XBJ24H`: Sell 4000 @ 62070.0
[2016-10-02 04:24:07] REKT : Liquidated long on `XBJ24H`: Sell 192 @ 62093.0
[2016-10-02 05:40:17] REKT : Liquidated long on `XBTUSD`: Sell 43622 @ 610.46 **MEGA-REKT** :boom:
[2016-10-02 05:40:22] REKT : Liquidated long on `XBTUSD`: Sell 6 @ 610.41
[2016-10-02 06:45:18] lockhedge : flash crash at Bitfinex down to $575 https://www.reddit.com/r/BitcoinMarkets/comments/55h7w9/another_bitfinex_flash_crash/
[2016-10-02 06:53:04] blackwhite : BitMEX_Greg: Great rate! I have a tiny position in it because it's only weekly. Give us monthly or quarterly futures.
[2016-10-02 06:53:26] blackwhite : I wouldn't even mind if it's XMRJPY )
[2016-10-02 09:29:47] REKT : Liquidated long on `XBTUSD`: Sell 5855 @ 609.43
[2016-10-02 09:49:07] RocketScience : Bitstamp mini flash crash. China didnt even budge
[2016-10-02 09:50:08] RocketScience : Underlying index is bitstamp, okcoin 50/50. Be carefull
[2016-10-02 09:50:38] RocketScience : Why is o kcoin called woodchipper?
[2016-10-02 10:04:08] BitMEX_Wally : 
[2016-10-02 10:04:24] BitMEX_Wally : http://i.imgur.com/t0Pw9AN.png
[2016-10-02 10:11:17] kumarz : BitMEX_Wally: lol
[2016-10-02 10:30:34] rapidtrades : bitcorn?
[2016-10-02 10:30:47] rapidtrades : WHO killed u
[2016-10-02 10:31:17] rapidtrades : double top in tokens?
[2016-10-02 12:00:08] REKT : Liquidated short on `ZECZ16`: Buy 775 @ 0.08180
[2016-10-02 12:15:37] habibi : BitMEX_Wally: no rebalance on bitfinex tokens?
[2016-10-02 12:21:11] BitMEX_Wally : habibi: No, because we're moving from DPE to ADL tomorrow, and there will be no more rebalance
[2016-10-02 12:29:52] rapidtrades : BitMEX_Wally: what does that mean
[2016-10-02 12:29:59] rapidtrades : profits released right away?
[2016-10-02 12:31:24] BitMEX_Wally : Yes, realise profits are not withheld
[2016-10-02 12:35:20] habibi : BitMEX_Wally: what will happen to that liquidation on zcash?
[2016-10-02 12:35:30] rapidtrades : realised is closed trades right?
[2016-10-02 12:35:38] BitMEX_Wally : rapidtrades: Yes
[2016-10-02 12:35:47] rapidtrades : dam this is just getting better
[2016-10-02 12:36:01] rapidtrades : let's hope it works :)
[2016-10-02 12:36:17] BitMEX_Wally : habibi: If the mark price goes above the bankruptcy price then longs will be deleveraged to close out that liquidation order
[2016-10-02 12:36:40] BitMEX_Wally : But more likely it will sit there until ZEC spot market opens up
[2016-10-02 12:36:59] BitMEX_Wally : And I imagine the price will drop and it will be filled
[2016-10-02 12:44:22] habibi : markets can be very suprising :)
[2016-10-02 12:44:32] habibi : surprising*
[2016-10-02 13:13:56] rapidtrades : You know what's not surprising?
[2016-10-02 13:14:11] rapidtrades : The dumb shit you spew on a daily basis
[2016-10-02 13:16:11] habibi : rapidtrades: why are u so retarted :(
[2016-10-02 13:19:57] rapidtrades : you can't even spell it right u retard
[2016-10-02 13:21:58] habibi : rapidtrades: point for u !
[2016-10-02 13:42:02] REKT : Liquidated long on `XBTUSD`: Sell 1 @ 609.21 :punch: :whale:
[2016-10-02 13:59:22] REKT : Liquidated short on `XMR7D`: Buy 20 @ 0.013337
[2016-10-02 13:59:51] laisee : XMR lives agin .... :-)
[2016-10-02 14:00:22] RocketScience : bitmex is bearish on btc, waterfall forming
[2016-10-02 14:00:49] laisee : RocketScience: waterfall?
[2016-10-02 14:01:02] REKT : Liquidated long on `XBTUSD`: Sell 4 @ 609.02 :punch: :whale:
[2016-10-02 14:02:24] BitMEX_Sam : lockhedge: Nice analysis
[2016-10-02 14:04:33] RocketScience : last candle on bitmex looks like it will fall to oblivion, it's only a small dip on exchanges
[2016-10-02 14:05:53] REKT : Liquidated long on `XBTUSD`: Sell 1180 @ 608.88
[2016-10-02 14:05:53] REKT : Liquidated long on `XBTUSD`: Sell 1200 @ 608.88
[2016-10-02 14:06:15] laisee : Arb the unbeleivers @Bitmex ...
[2016-10-02 14:10:22] RocketScience : eth is the winner of bitcoin dip
[2016-10-02 14:15:26] laisee : heh. winner of the alt-coin "V" contest?
[2016-10-02 14:15:49] RocketScience : Yes
[2016-10-02 14:16:50] RocketScience : when it moves 10% up, it will be the only chair everybody will want to sit on
[2016-10-02 14:17:30] laisee : musical crypto-chairs
[2016-10-02 14:54:53] RocketScience : stupid funding took 30% of my money. I understand it now though
[2016-10-02 14:56:28] RocketScience : i didn't think much about it, before it hit me twice yesterday
[2016-10-02 14:57:03] sleger : it's not even rocket science though
[2016-10-02 14:59:17] RocketScience : I almost decided to dodge it. I would dodge the btc dip too (i'm long). Such is life
[2016-10-02 15:24:50] rapidtrades : yeah that funding was sweet
[2016-10-02 15:28:48] REKT : Liquidated long on `XBTUSD`: Sell 7777 @ 608.59
[2016-10-02 15:28:48] REKT : Liquidated long on `XBTUSD`: Sell 2000 @ 608.68
[2016-10-02 15:28:57] REKT : Liquidated long on `XBTUSD`: Sell 1500 @ 608.09
[2016-10-02 15:29:07] REKT : Liquidated long on `XBTUSD`: Sell 1 @ 607.99 :punch: :whale:
[2016-10-02 15:31:22] REKT : Liquidated long on `XBTUSD`: Sell 2300 @ 607.61
[2016-10-02 15:31:22] REKT : Abandon the ship!
[2016-10-02 15:31:53] RocketScience : elevator up, stairs down
[2016-10-02 15:36:01] RocketScience : I am praying to china for the first time in my life
[2016-10-02 15:37:24] Kalman : What are you praying for, Science?!
[2016-10-02 15:38:14] Kalman : More Dim Sum
[2016-10-02 15:39:08] RocketScience : to buy more bitcoins
[2016-10-02 15:39:40] Kalman : Aren't Chinese mining & selling them?!
[2016-10-02 15:43:22] RocketScience : non miners are buying bitcoin because yuan is devaluing
[2016-10-02 16:38:48] RocketScience : there is only 12,5 new bitcooins every 10 min from 25
[2016-10-02 16:41:40] Kalman : RocketScience: Do you want to say that miners do not sell them?
[2016-10-02 16:42:27] RocketScience : they do, but they can sell half less since the halvening of reward
[2016-10-02 16:43:25] Kalman : RocketScience: When did you last time pay a bill etc. with BTC ?
[2016-10-02 16:44:35] RocketScience : I use it to buy altcoins, i got it directly from ATM
[2016-10-02 16:51:21] Kalman : RocketScience: A currency not used doesn't have value. If you want BTC to rise speak with your local grocery store owner about BTC as payment method. Same for the next taxi ride, ..., at any ocation you use Fiat.
[2016-10-02 16:52:49] RocketScience : I see BTC as fiat in "alts"grocery store, it's needed to buy btc/alt pairs
[2016-10-02 16:53:19] omicron : why is the chart price $2 below last price
[2016-10-02 16:53:57] RocketScience : Looking at volume in alts is basically looking at bitcoin's usefulness
[2016-10-02 16:55:22] laisee : ... trading BTC alone won't get its price to 10,000 ...
[2016-10-02 16:59:43] arbitrage001 : laisee: actually, it might
[2016-10-02 17:00:00] arbitrage001 : crypto coins are one giant casino
[2016-10-02 17:00:04] laisee : for one day
[2016-10-02 17:00:43] arbitrage001 : easier to get btc so people can bet on new shinning coin
[2016-10-02 17:01:04] arbitrage001 : such as eth, dao, xmr
[2016-10-02 17:02:30] laisee : arbitrage001: most economies are giant casinos. :-/
[2016-10-02 17:02:35] arbitrage001 : and the mechanic of btc will not change at 1 usd per btc or 10000 usd per btc
[2016-10-02 17:02:57] arbitrage001 : laisee: true.
[2016-10-02 17:03:25] laisee : hmmm. I guess might be more 'interest' by govt if BTC hist 10K
[2016-10-02 17:05:03] arbitrage001 : one can argue having more shit coins actually fuel btc price
[2016-10-02 17:08:09] laisee : speculators gotta speculate, anywhere will do
[2016-10-02 17:50:20] mjones : right after rebalance happened i should have used that btc to long more xmr
[2016-10-02 21:19:44] zanza : yeah you messed up harcore mjones
[2016-10-02 21:23:35] mjones : missed out on much profit
[2016-10-02 21:23:54] mjones : waiting 14 hours 36 minutes for this new shit to kick in
[2016-10-02 22:13:27] RocketScience : factom orderbook has 25% spread
[2016-10-02 22:16:04] RocketScience : market maker just left the building 2 mins ago