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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[2016-12-16 08:21:57] mjones : someone kept throwing up new walls
[2016-12-16 08:21:59] elmorte : 10k :)
[2016-12-16 08:22:19] Newmex : where is MM. fill the books :(
[2016-12-16 08:22:37] mjones : i know. 20k mm show up on new quarterly
[2016-12-16 08:22:49] QuantFocus : too risky
[2016-12-16 08:22:52] mjones : okcoin is testing 5500 right now
[2016-12-16 08:23:04] CaptainDean : bed time night guys
[2016-12-16 08:23:16] mjones : lol night night?
[2016-12-16 08:23:25] mjones : damn most exciting time happening now
[2016-12-16 08:23:34] mjones : will btc dump or pump
[2016-12-16 08:23:37] CaptainDean : it's 3:23 am
[2016-12-16 08:23:42] mjones : do more cocaine
[2016-12-16 08:23:45] CaptainDean : i'm working in 6 hours
[2016-12-16 08:23:50] jose : pump plz
[2016-12-16 08:23:54] mjones : sick day
[2016-12-16 08:23:56] CaptainDean : i will go for a smoke
[2016-12-16 08:24:06] CaptainDean : in fact i'm only working until 12:30 om
[2016-12-16 08:24:08] mjones : tell them obama birth certificate was fake
[2016-12-16 08:24:14] mjones : you need a day to recover from the news
[2016-12-16 08:24:24] CaptainDean : pm, it's the chrismass party in the afternoon
[2016-12-16 08:24:31] CaptainDean : you got a good point
[2016-12-16 08:24:48] CaptainDean : and i'm skipping it
[2016-12-16 08:24:55] mjones : i gotta go take a piss. dont pump this shit in the next 89 seconds
[2016-12-16 08:25:16] CaptainDean : cose your short take profit :P
[2016-12-16 08:25:21] rms : actually some guy on reddit said that it's an illusion that big movements happen around okcoin futures opening
[2016-12-16 08:25:28] rms : people just find patterns
[2016-12-16 08:25:31] rms : so nothing is going to happen
[2016-12-16 08:25:33] rms : go to sleep
[2016-12-16 08:25:34] rms : :P
[2016-12-16 08:26:02] QuantFocus : your mm god has arrived
[2016-12-16 08:26:25] Newmex : hoorah
[2016-12-16 08:26:25] mjones : 10k
[2016-12-16 08:26:26] mjones : i approve
[2016-12-16 08:26:28] Newmex : good enough
[2016-12-16 08:26:29] Newmex : lol
[2016-12-16 08:26:41] mjones : okcoin going up a bit
[2016-12-16 08:26:48] mjones : 45 cny away from 3 year high
[2016-12-16 08:27:35] l3f : QuantFocus: you're running a MM bot?
[2016-12-16 08:27:52] QuantFocus : maybe, maybe not
[2016-12-16 08:27:53] mjones : meh. this is getting boring now
[2016-12-16 08:27:59] QuantFocus : but i'm not the 10k guy
[2016-12-16 08:28:25] mjones : 10k guy = hero
[2016-12-16 08:28:30] l3f : for someone whose name as quant in it I won't expect anything else
[2016-12-16 08:28:47] QuantFocus : it's all an illusion
[2016-12-16 08:28:53] QuantFocus : to make you think i'm smart. that's why i don't talk much
[2016-12-16 08:29:09] mjones : in 3.5 months i'll be more prepared
[2016-12-16 08:29:21] mjones : thanks bitmex for doing this though
[2016-12-16 08:29:31] mjones : A+ delivery
[2016-12-16 08:29:37] mjones : i know someone is reading this
[2016-12-16 08:30:19] mjones : surprised no one get margin called yet on the new one
[2016-12-16 08:30:43] rapidtrades : i swapped my swap for dec and now im at the front in ADL
[2016-12-16 08:31:07] mjones : expecting great things from this new quarterly. record amount of contracts. high premium
[2016-12-16 08:31:15] mjones : assuming BTC pumps like crazy
[2016-12-16 08:31:24] rapidtrades : kinda dumb move in retrospect
[2016-12-16 08:31:56] elmorte : I doubled my long instead of closing it ...
[2016-12-16 08:32:20] mjones : well hopefully china doesnt dump like crazy
[2016-12-16 08:32:30] mjones : the premium should stay up
[2016-12-16 08:32:31] QuantFocus : i'm going to put a movie on. bbl
[2016-12-16 08:32:47] rapidtrades : i had a limit at 850, dunno why i waited shouldn't just dumped into those stupid bids
[2016-12-16 08:32:54] mjones : $822 on 0kcoin quarterly
[2016-12-16 08:32:58] mjones : $821 here
[2016-12-16 08:33:02] mjones : just as i expected
[2016-12-16 08:33:33] arbitrage001 : china will dump like crazy eventually
[2016-12-16 08:33:35] mjones : bitmex will follow 0kcoin till it hits it's upper limit
[2016-12-16 08:33:35] aethlios : bitmex tradingview didn't add XBTH17 yet
[2016-12-16 08:33:55] arbitrage001 : boom bust cycle repeating itself
[2016-12-16 08:34:26] mjones : yeah bitmex charts dont update well
[2016-12-16 08:34:33] mjones : hope they figure that out
[2016-12-16 08:34:52] mjones : cryptowatch always lagging wayyy behind
[2016-12-16 08:35:29] mjones : i know /u/excited_by_typos is willing to work with people
[2016-12-16 08:36:36] lockhedge : $39 premium on okc quarterlies is even lower than i expected
[2016-12-16 08:37:25] mjones : man
[2016-12-16 08:37:36] mjones : $40 is what i expected
[2016-12-16 08:37:51] mjones : but dunno if okcoin spot is gonna pump to new highs
[2016-12-16 08:38:03] mjones : bitfinex is still $9 from new 2016 high
[2016-12-16 08:38:06] aethlios : does okcoin has a premium cap?? I asked support, wait for reply
[2016-12-16 08:38:10] mjones : seems short is best bet
[2016-12-16 08:38:21] mjones : you can find out yourself
[2016-12-16 08:38:29] mjones : set price 9999 and buy 1 contract
[2016-12-16 08:38:30] arbitrage001 : shouldn't trader long when premium is low?
[2016-12-16 08:38:32] mjones : it'll tell you
[2016-12-16 08:39:10] mjones : if you think btc = new highs soon then long. if you think btc = dump then short
[2016-12-16 08:39:23] Newmex : if bitcoin keeps going up into january/feb, the premium will grow.
[2016-12-16 08:39:26] arbitrage001 : that also depend on the price on going long
[2016-12-16 08:39:35] mjones : well yeah Newmex
[2016-12-16 08:39:36] arbitrage001 : cost of going long
[2016-12-16 08:39:46] mjones : if btc breaks 3 year highs then everyone will fomo long
[2016-12-16 08:40:05] mjones : everyone is basically watching bitfinex by now
[2016-12-16 08:40:11] mjones : the last exchange to break the 2016 high
[2016-12-16 08:40:21] rapidtrades : noone is watching bitfinex bro
[2016-12-16 08:40:27] mjones : lol right
[2016-12-16 08:40:32] arbitrage001 : i am watching
[2016-12-16 08:40:33] mjones : we're all watching okcoin
[2016-12-16 08:40:44] mjones : but bitfinex is still the 2nd biggest exchange
[2016-12-16 08:40:45] arbitrage001 : still based most of my trading decision on bitfinex price
[2016-12-16 08:40:57] arbitrage001 : mjones: who is the first?
[2016-12-16 08:41:06] mjones : okcoin then bitfinex
[2016-12-16 08:41:09] mjones : 0kcoin
[2016-12-16 08:41:23] arbitrage001 : US version of 0kcoin?
[2016-12-16 08:41:27] mjones : okcoin.cn
[2016-12-16 08:41:31] mjones : 0kcoin.cn
[2016-12-16 08:41:57] mjones : i think the btc hasnt started because bitfinex is still below the 2016 high
[2016-12-16 08:42:01] mjones : the btc pump
[2016-12-16 08:42:07] arbitrage001 : price there not meaningful for people living outside china
[2016-12-16 08:42:11] mjones : the last exchange
[2016-12-16 08:42:27] mjones : something is holding back 0kcoin / china
[2016-12-16 08:42:33] rapidtrades : bitfinex is NOT the 2nd biggest exchange
[2016-12-16 08:42:35] mjones : why does it hit 5555 cny or 5500 cny then dump
[2016-12-16 08:42:42] mjones : cause bitfinex isnt hitting new highs
[2016-12-16 08:42:44] rapidtrades : its a scam volue faking shit
[2016-12-16 08:42:49] mjones : lol
[2016-12-16 08:42:56] mjones : just like 0kcoin and huobi
[2016-12-16 08:42:57] jose : rapidtrades: bitfinex is the second best exchange after mt gox
[2016-12-16 08:43:04] arbitrage001 : rapidtrades: you have anything to back your accusation?
[2016-12-16 08:43:16] mjones : other than 0kcoin there really is no other exchange that could lead
[2016-12-16 08:43:40] mjones : i give bitfinex 2nd best cause of how many btc are longed on that exchange
[2016-12-16 08:44:26] mjones : bitfinex has some low ass volume right now. so it's not doing a good job at faking shit
[2016-12-16 08:44:48] mjones : i am just waiting to see if 0kcoin pumps past 5555 cny
[2016-12-16 08:44:57] mjones : it's just fighting 5500 cny right now
[2016-12-16 08:45:21] mjones : although looks to be winning
[2016-12-16 08:45:25] rapidtrades : jones ur delusional
[2016-12-16 08:45:37] rapidtrades : keep spamming ur delirious bs
[2016-12-16 08:45:42] mjones : i will
[2016-12-16 08:45:45] mjones : i ran out of beers
[2016-12-16 08:45:50] mjones : so i will pass out soon
[2016-12-16 08:46:04] mjones : but 0kcoin going for new highs
[2016-12-16 08:46:10] mjones : so get ready for massive pumps
[2016-12-16 08:46:29] jose : mjones: still waiting for the pump btw
[2016-12-16 08:46:49] mjones : 0kcoin just hit 5525 cny. 30 cny away from 3 year high
[2016-12-16 08:46:52] mjones : give it a few
[2016-12-16 08:50:56] ett1 : do i save maintanance fees by adding the maxingum amount of margin, or removing the margin
[2016-12-16 08:51:15] l3f : ett1: you save them by reducing your position
[2016-12-16 08:51:35] ett1 : no but assuming its the same size
[2016-12-16 08:51:42] ett1 : i have the option to add margin to the position
[2016-12-16 08:51:47] ett1 : or to take it away
[2016-12-16 08:51:51] l3f : you don't save fees
[2016-12-16 08:51:55] l3f : that just changes your liquidation price
[2016-12-16 08:51:56] ett1 : just the same
[2016-12-16 08:52:01] ett1 : ah ok
[2016-12-16 08:52:22] ett1 : what about if i have the same size but higher/lower leverage
[2016-12-16 08:52:23] mjones : 0kcoin spot going up but quarterly hasnt
[2016-12-16 08:52:32] ett1 : thats the saem too? just changes liq price
[2016-12-16 08:52:46] mjones : but 20k guy showed up
[2016-12-16 08:53:08] mjones : meh. still pretty crazy. i guess we just need to give it a day to sort itself out
[2016-12-16 08:53:38] wurstgelee : man up and long some
[2016-12-16 08:53:41] wurstgelee : ;)
[2016-12-16 08:53:55] ett1 : this is obviouslly a bull market
[2016-12-16 08:54:01] ett1 : can understnd anyone selling or going short here
[2016-12-16 08:54:18] mjones : yeah. but till these exchanges make new 2016 highs it's just a trap
[2016-12-16 08:54:38] ett1 : everyone whos long is in a winning position, everyone short is losing. thats a recipe for more momentum
[2016-12-16 08:55:02] ett1 : 780 has to break. its going to 10,000 so has to break 500, 1000 etc at some point. just inneviatble & the time has come
[2016-12-16 08:55:09] mjones : long term yes. but short term like 6-48 hours
[2016-12-16 08:55:11] mjones : who knows
[2016-12-16 08:55:16] mjones : short could be the best place
[2016-12-16 08:55:19] ett1 : trade longer term
[2016-12-16 08:55:21] ett1 : exactly
[2016-12-16 08:56:18] mjones : have fun guessing the bottom then
[2016-12-16 08:56:50] ett1 : well last time it broke 2 year highs we saw 10x bll runs and it didnt get back below the breakout points
[2016-12-16 08:56:55] ett1 : 30 to 250
[2016-12-16 08:57:02] ett1 : 250 to 1200
[2016-12-16 08:57:09] ett1 : maybe like 10% drawdown
[2016-12-16 08:57:12] mjones : yeah
[2016-12-16 08:57:22] mjones : this could be the start to the next mega bullrun
[2016-12-16 08:57:27] ett1 : the bottom will be like once it peaks at 3000 and dips to 1000
[2016-12-16 08:57:30] mjones : so longing everything at $820 is a steal
[2016-12-16 08:57:43] ett1 : yes
[2016-12-16 08:57:46] mjones : but if it dips below $800 then it's an even better long
[2016-12-16 08:57:55] ett1 : its proving its going up
[2016-12-16 08:58:02] ett1 : buy the highs not the lows
[2016-12-16 08:58:04] mjones : but could it dump $20 first
[2016-12-16 08:58:21] ett1 : breakouts are obvious, nobody can predict the turning points
[2016-12-16 08:58:24] orly : mjones: what does it matter if you're aiming for $1k+ ?
[2016-12-16 08:58:44] mjones : if you are longing 50x you get rekt if it dumps $12
[2016-12-16 08:58:54] ett1 : i said 3k, 1k btu who knows
[2016-12-16 08:59:22] ett1 : instead of trading 1hr candles at 20x or whatever
[2016-12-16 08:59:29] ett1 : jus trade dailies (weeklies even)
[2016-12-16 08:59:35] ett1 : with 1x or 2x
[2016-12-16 08:59:37] mjones : but bitmex is following 0kcoin quarterly like i thought it wuld
[2016-12-16 08:59:50] mjones : so just watch 0kcoin quarterly and do what it does
[2016-12-16 08:59:51] ett1 : just patience
[2016-12-16 09:00:05] mjones : if 0kcoin.cn dumps then get ready for a quarterly dump on here
[2016-12-16 09:00:30] mjones : but 221,000 open contracts already is pretty good
[2016-12-16 09:00:41] ett1 : why would it dump? its gone up too much?
[2016-12-16 09:00:59] mjones : i dunno why it would dump but it did just a few hours ago
[2016-12-16 09:01:18] ett1 : were at 2hr highs, i dont see much or a dump
[2016-12-16 09:01:37] mjones : all right. 100x long from $820
[2016-12-16 09:01:40] mjones : we're going to the moon
[2016-12-16 09:02:16] mjones : if this dumps i
[2016-12-16 09:02:21] mjones : i am blaming ett1
[2016-12-16 09:02:22] ett1 : "just a few hours ago" lol
[2016-12-16 09:02:37] ett1 : reduce the leverage and up the timeframe
[2016-12-16 09:02:57] mjones : oh now we're dumping first
[2016-12-16 09:03:04] mjones : 100x short
[2016-12-16 09:03:26] ett1 : if u wanna bet on whether it will be above or beloe 780 in a few hours, look at binary options
[2016-12-16 09:04:08] mjones : i'm just fucking with you all
[2016-12-16 09:04:12] ett1 : my liq is at 580
[2016-12-16 09:04:13] mjones : i shorted a ton at $850
[2016-12-16 09:04:22] mjones : i'll close when this dumps
[2016-12-16 09:04:37] mjones : then long the dip
[2016-12-16 09:05:01] mjones : unless this breaks 5555 CNY then i'll fomo like a chicken without its head
[2016-12-16 09:08:47] aethlios : mjones: take your profits and pray.
[2016-12-16 09:09:10] mjones : i kinda wanna close my short and long but cant do it just yet
[2016-12-16 09:09:21] mjones : 0kcoin isnt close enough to 5555 cny
[2016-12-16 09:11:12] aethlios : okcoin spread very low, 5% for 3 1/2 months, and yuan premium only 1.8% which is very low, has reached 12% to 15% in pumps.
[2016-12-16 09:15:26] mjones : yeah this is weird
[2016-12-16 09:15:56] arbitrage001 : price will go down?
[2016-12-16 09:16:03] arbitrage001 : low premium means bearish
[2016-12-16 09:16:12] mjones : but i guess $40 premium or so is the same as 3 months ago
[2016-12-16 09:16:12] Newmex : lol.
[2016-12-16 09:16:23] mjones : so bet on the next move at $820
[2016-12-16 09:18:59] mjones : cant believe the bots stopped on 5500 and didnt continue buying
[2016-12-16 09:19:12] mjones : guess i'll go do other shit
[2016-12-16 09:27:38] mjones : btc dumping. get rekt
[2016-12-16 09:45:52] mjones : oh and @ bitmex guys. risk limit is too low. raise it like how xbtz16 is
[2016-12-16 10:01:07] RocketScience : is 820 for march futures a good offer?
[2016-12-16 10:02:44] Gomezpl : i think very good now in my opinion is time for quick short and then up to the moon
[2016-12-16 10:04:43] BitMEX_Wally : mjones: I've increased the XBTH17 and XBCH17 risk limits to match
[2016-12-16 10:16:44] aethlios : BitMEX_Wally: Hello, tradingview didn't add xbth17 yet. do they have to be notified?
[2016-12-16 10:34:10] Monty : TradingView suck donkey cock
[2016-12-16 10:41:01] rapidtrades : shut up monty
[2016-12-16 10:55:31] Monty : rapidtrades: I'm a lion raaaaaaah
[2016-12-16 10:58:21] RocketScience : roaar
[2016-12-16 11:06:48] aethlios : 780 so tough resistance, too much consolidation pressure below.
[2016-12-16 11:10:44] rapidtrades : we're gonna CRASH!!!!!!!!111
[2016-12-16 11:12:47] aethlios : i think we will blow up suddenly with massive margin calls, bear blood everywhere.
[2016-12-16 11:17:38] RocketScience : moon crash landing :D
[2016-12-16 11:20:59] laisee : uranus will be the impact point, according to nostradamus
[2016-12-16 11:21:59] aethlios : let's penetrate this 780-800 roof and make btc great again with an above 1000 prices.
[2016-12-16 11:26:30] aethlios : https://www.tradingview.com/x/WSI0kOnf/
[2016-12-16 11:26:47] aethlios : very tight daily candles last days
[2016-12-16 11:43:17] bingbongfly : 17 min left for etc7 expire, whats gonna happen?
[2016-12-16 11:44:03] elmorte : better spend it
[2016-12-16 11:48:14] j8 : sleger: around? can make a deal on XBJZ16 if you still want
[2016-12-16 12:00:05] aethlios : push it stamp push it
[2016-12-16 12:01:20] Derreck : aethlios: +++
[2016-12-16 12:05:42] RocketScience : bring the whales
[2016-12-16 12:08:43] Trebile : Hi guys. How can I cancel an unfilled limit order?
[2016-12-16 12:09:21] RocketScience : active orders...3rd tab
[2016-12-16 12:09:49] RocketScience : where you see your positions, you switch to active orders [1]
[2016-12-16 12:11:06] Trebile : Ok,I got it now. Thanks!
[2016-12-16 12:15:38] l3f : man the harpoons?
[2016-12-16 12:15:41] l3f : hunt the whales
[2016-12-16 12:28:14] anonymous789 : sucker rally/
[2016-12-16 12:33:15] ett1 : im a sucker
[2016-12-16 12:37:22] Velancry : when do we crashhhhhh
[2016-12-16 12:38:11] cryptobull : Moon time baby! :)
[2016-12-16 12:39:11] Velancry : within 24 hours we are back at 770
[2016-12-16 12:46:07] shiroe : 5555!
[2016-12-16 12:47:58] RocketScience : i am the greatest fool
[2016-12-16 12:48:09] RocketScience : we are all gonna be rich
[2016-12-16 12:49:02] RocketScience : 6666!
[2016-12-16 12:51:29] anonymous789 : wonder what happens at 8888 cny, since it's a lucky number for them
[2016-12-16 12:52:07] RocketScience : i remember the 4444 fears
[2016-12-16 12:52:34] RocketScience : and 666 usd fears
[2016-12-16 12:53:07] anonymous789 : but the chinese take that number 8 very seriously
[2016-12-16 12:55:21] RocketScience : i think the coil will spring soon up or down
[2016-12-16 12:58:56] RocketScience : for we battle not against noobs and scalpers, but against whales in deep trenches!
[2016-12-16 13:01:04] anonymous789 : i think we rally very sharply to 800 where fomo longs start coming in, just to really sucker people into the thought that we're rallying, then right around 810 whales decide to dump everything and we tumble
[2016-12-16 13:01:29] anonymous789 : and the candle looks like a really long thin penis
[2016-12-16 13:02:01] RocketScience : lol
[2016-12-16 13:02:05] RocketScience : china battles for 5500
[2016-12-16 13:02:29] anonymous789 : in all seriousness 5550 is major resistance
[2016-12-16 13:03:28] RocketScience : what if third try fails too?
[2016-12-16 13:04:48] anonymous789 : i'm of the opinion there is going to be a $100+ crash before we can rally past this level
[2016-12-16 13:05:11] anonymous789 : but really, if the whales don't dump around 800 bucks, we're mooning
[2016-12-16 13:10:06] Velancry : they need to fix the block size then we can talk about moon
[2016-12-16 13:16:36] ett1 : block size is a non-issue
[2016-12-16 13:19:14] l3f : but fixing it
[2016-12-16 13:19:19] l3f : will be the catalyst for the moon
[2016-12-16 13:19:35] l3f : then we'll go full moon
[2016-12-16 13:19:36] ett1 : dont fix what aint broken
[2016-12-16 13:19:44] l3f : 10k usd
[2016-12-16 13:19:57] cryptobull : block size is fine
[2016-12-16 13:21:14] ett1 : what would happen if bitcoin didnt have a dev team
[2016-12-16 13:22:19] RocketScience : it could exist in present form
[2016-12-16 13:22:34] RocketScience : maybe make bigger blocks..that's easy
[2016-12-16 13:27:40] RocketScience : okcoin quarterlies on 829 usd
[2016-12-16 13:52:00] mjones : all right guys. thanks for not moving the price till i got back
[2016-12-16 13:53:32] rapidtrades : wtf is up with this shitcoin maaaan
[2016-12-16 13:53:45] rapidtrades : fall the f*ck down
[2016-12-16 13:54:23] Gomezpl : agree rapid it should be corrections by now
[2016-12-16 13:54:27] Gomezpl : not 780 again
[2016-12-16 13:55:36] rapidtrades : I need a small loan of 1 million dollars
[2016-12-16 13:56:25] l3f : Rapidtrades' law, if it will go the opposite direction, it will
[2016-12-16 13:56:33] l3f : God hates him
[2016-12-16 13:56:50] l3f : rapidtrades: you short?
[2016-12-16 13:57:26] mjones : i heard rapidtrades is almost 3 meters. pretty tall actually.
[2016-12-16 13:59:01] bingbongfly : lol that bot on ETC7d XD so poor
[2016-12-16 13:59:04] rapidtrades : l3f: only short here, still net long
[2016-12-16 13:59:30] rapidtrades : bet god doesn't know how to burn me now
[2016-12-16 13:59:39] rapidtrades : cos i call for down but im up
[2016-12-16 14:00:02] mjones : i heard all the cool kids are 5x longing zec now-a-days
[2016-12-16 14:00:09] rapidtrades : still can't believe i missed 850 on march
[2016-12-16 14:00:09] mjones : 0.05 is a steal
[2016-12-16 14:00:16] rapidtrades : literally minutes late
[2016-12-16 14:00:17] mjones : lol rapidtrades guess what
[2016-12-16 14:00:26] mjones : 851.82 Entry Price
[2016-12-16 14:00:30] mjones : u jelly
[2016-12-16 14:00:31] rapidtrades : should've barelled down on those bids
[2016-12-16 14:00:36] rapidtrades : mjones: I HATE U
[2016-12-16 14:00:40] j8 : there wasn't a whole lot available
[2016-12-16 14:00:51] j8 : just 1000 bids
[2016-12-16 14:00:59] mjones : i was shorting cause i was like why is it $65 higher. and someone kept adding new orders as i shorted. so i shorted more
[2016-12-16 14:01:01] mjones : then i passed out
[2016-12-16 14:01:08] rapidtrades : no more then that got executed around 850 @j8
[2016-12-16 14:01:16] sleger : there was only like 10k traded above 850, thats nothing
[2016-12-16 14:01:23] l3f : yeah
[2016-12-16 14:01:43] rapidtrades : sleger: it's nothing for u :)
[2016-12-16 14:02:00] l3f : LOL if i carry and trade
[2016-12-16 14:02:04] l3f : I make 1k usd
[2016-12-16 14:02:06] l3f : fml
[2016-12-16 14:02:11] l3f : in 3 months
[2016-12-16 14:02:32] l3f : well back to HIGH IMPACT NO-STOPLOSS GAMBLING then
[2016-12-16 14:02:37] sleger : you can buy lunch from time to time
[2016-12-16 14:03:03] mjones : i am wondering how btc is going such sideways though
[2016-12-16 14:03:23] l3f : 26% interest rate
[2016-12-16 14:03:26] rapidtrades : how.? china rules it and manipulates it 100%
[2016-12-16 14:03:28] l3f : pretty fucking sick actually
[2016-12-16 14:03:59] l3f : 26% APR is nothing to laugh at
[2016-12-16 14:04:26] l3f : assuming premium will always be like 50% for the next 3 quarters
[2016-12-16 14:05:11] l3f : I think if I move 50 grand in there it might be worth it
[2016-12-16 14:05:23] sleger : yes, unless they get hacked
[2016-12-16 14:05:27] sleger : and you lose everything
[2016-12-16 14:05:38] sleger : people lending at finex said the same as you
[2016-12-16 14:05:38] l3f : sleger: then I learn the meaning of counterparty risk
[2016-12-16 14:05:54] l3f : while shoving dildos in my butt
[2016-12-16 14:06:04] rapidtrades : that's the good thing about leverage, they will only hack 5 or 10%
[2016-12-16 14:06:09] rapidtrades : not 36%!!!!!!!!!!!!1111
[2016-12-16 14:06:15] rapidtrades : f*ck u finex u POS
[2016-12-16 14:06:39] l3f : ugh but there's also the risk of BTC going down
[2016-12-16 14:06:41] l3f : math is so hard guys
[2016-12-16 14:07:03] rapidtrades : just go neutral dummy
[2016-12-16 14:07:04] l3f : I should just keep doing things I'm good at, like shopping
[2016-12-16 14:07:18] rapidtrades : if u have 20 btc, short 20 btc
[2016-12-16 14:07:24] rapidtrades : is math too hard 4u
[2016-12-16 14:07:37] l3f : well it is settled in dollar value
[2016-12-16 14:07:41] rapidtrades : guess there's ADL risk too so don't put ur life savings
[2016-12-16 14:07:43] l3f : I'm thinking about lending btc
[2016-12-16 14:07:53] l3f : I'm not shitting on the carry trade here
[2016-12-16 14:08:06] l3f : that's always fine because it's settled in dollar value
[2016-12-16 14:08:28] j8 : why would you lend btc.. isn't the interest really low
[2016-12-16 14:08:51] rapidtrades : it was 16isk %on finex before they went bust
[2016-12-16 14:08:59] BitMEX_Wally : l3f: Our XBT contracts are settled based a fixed dollar amount, just using Bitcoin as the cash
[2016-12-16 14:09:01] rapidtrades : oh right...BTC, that was for USD
[2016-12-16 14:09:09] l3f : BitMEX_Wally: Yeah I know that
[2016-12-16 14:09:24] j8 : yeah btc lending was dirt cheap before the hack, i dunno about now
[2016-12-16 14:09:24] l3f : I'm talking more about poloniex/bfx here
[2016-12-16 14:09:30] l3f : w.r.t lending
[2016-12-16 14:09:48] sleger : there is also a risk of a spike in the price (like it happened iin the jpy contract), you get stop lossed because you dont keep all your btc on an exchange, price comes back and you lost a bunch
[2016-12-16 14:09:48] rapidtrades : ur not gonna get high rates for lending BTC
[2016-12-16 14:10:27] rapidtrades : sleger: okay
[2016-12-16 14:10:48] rapidtrades : guess u could diversify between okc and here
[2016-12-16 14:11:23] rapidtrades : and bitvc...do they have good premium?
[2016-12-16 14:11:34] sleger : no and its weekly
[2016-12-16 14:11:44] rapidtrades : like weekly only?
[2016-12-16 14:11:47] sleger : weekly is terrible for that, you can get screwed every week when switching
[2016-12-16 14:11:50] sleger : like here for alts
[2016-12-16 14:12:17] sleger : they do list the new one 24h prior to expiration though, which is much better than here
[2016-12-16 14:12:40] rapidtrades : smtimes premiums are higher on weekly when u do the ann. adjustment
[2016-12-16 14:13:06] rapidtrades : so only weekly huh? that's pretty bad for such a big site
[2016-12-16 14:13:11] sleger : also if btc goes down for w hile you might end up paying money with the swap
[2016-12-16 14:14:02] rapidtrades : NEW ZEC
[2016-12-16 14:14:10] l3f : are the people who short ZEC at 10 btc in their yachts now?
[2016-12-16 14:14:25] rapidtrades : hope they burn in hell
[2016-12-16 14:14:35] l3f : 0.021973
[2016-12-16 14:14:42] l3f : Oh man that's painful to look at
[2016-12-16 14:14:49] l3f : oh lawd
[2016-12-16 14:14:53] l3f : have mercy
[2016-12-16 14:15:13] rapidtrades : it's only 1 trade dummy
[2016-12-16 14:15:22] rapidtrades : by some dumdum
[2016-12-16 14:15:46] j8 : ZECH.. gross
[2016-12-16 14:16:14] l3f : rapidtrades: the fair value is actually zero
[2016-12-16 14:16:28] l3f : because it's called zcash, zero cash
[2016-12-16 14:16:48] l3f : 0 (zero)
[2016-12-16 14:19:26] RocketScience : ZKsnatch technology to catch your bitcoins
[2016-12-16 14:23:08] RocketScience : ...and zero proof of it happening xD
[2016-12-16 14:24:26] l3f : zero knowledge, they just don't know when it's actually going to happen
[2016-12-16 14:25:08] orly : l3f: last time i checked btc lending at polo would yield like 4% /yr
[2016-12-16 14:25:22] l3f : orly: yeah I checked now and it's 2%
[2016-12-16 14:25:23] l3f : lol
[2016-12-16 14:25:24] orly : at finex, probably -100% within a year
[2016-12-16 14:27:27] rapidtrades : nah man finex is so good nad their volume is so real
[2016-12-16 14:27:47] rapidtrades : that's why they got 8mil in outside $
[2016-12-16 14:28:15] rapidtrades : correction 12mil
[2016-12-16 14:30:18] j8 : there's a lot that could go wrong lending out your btc for idiots to long shitcoins on polo... definitely not worth 4%. even just having coins on an exchange is worth more than 4% of risk in my opinion
[2016-12-16 14:31:13] rapidtrades : +1
[2016-12-16 14:31:37] l3f : I'd rather take 24% here tbqh
[2016-12-16 14:31:57] l3f : but 24% of not a lot of figures just doesn't cut it for me
[2016-12-16 14:32:03] l3f : so back to gambling with charts
[2016-12-16 14:32:04] BitMEX_Wally : Yes, it's better to keep 10% of your coins on BitMEX, and earn the funding rate, than keep 100% on Bitfinex and lose them: https://blog.bitmex.com/earning-interest-income-on-xbtusd-with-minimised-risk/
[2016-12-16 14:33:32] l3f : BitMEX_Wally: the swap rate can go negative can't it?
[2016-12-16 14:33:47] l3f : is there like an average APR?
[2016-12-16 14:33:56] BitMEX_Wally : Yes, but on average it is overwhelmingly positive
[2016-12-16 14:34:05] BitMEX_Wally : So far XBTUSD has been 52% APR
[2016-12-16 14:34:12] rapidtrades : lol
[2016-12-16 14:34:18] l3f : Well no shit look at this year
[2016-12-16 14:34:20] l3f : what about last lear
[2016-12-16 14:34:21] rapidtrades : that's too funny
[2016-12-16 14:34:23] l3f : year*
[2016-12-16 14:34:33] rapidtrades : it wasn't live last year
[2016-12-16 14:34:39] rapidtrades : that's only since may?
[2016-12-16 14:34:53] BitMEX_Wally : rapidtrades: Correct but in general basis is positive
[2016-12-16 14:34:59] rapidtrades : agree
[2016-12-16 14:35:20] BitMEX_Wally : Shorting has only a 100% upside and an infinity downside so not much demand for that
[2016-12-16 14:35:34] BitMEX_Wally : Whereas everyone loves 100x long to the moon
[2016-12-16 14:35:37] rapidtrades : u can always short futures if u prefer a more predictable income
[2016-12-16 14:36:14] l3f : yes but I'm now exposed to bitcoin price risk
[2016-12-16 14:36:24] l3f : am I not?
[2016-12-16 14:36:43] Rado : l3f: you can hedge
[2016-12-16 14:36:46] BitMEX_Wally : l3f: If you have 10 XBT and your short 10 XBT of futures then you have no Bitcoin risk anymore
[2016-12-16 14:37:18] rapidtrades : ofc futures here are less liquid then the swap so there's some added risk of spikes
[2016-12-16 14:37:34] l3f : so I can hedge bitcoin risk AND take the interest from swap at the same time?
[2016-12-16 14:38:07] rapidtrades : no....cos once u short one ur already neutral
[2016-12-16 14:38:16] rapidtrades : if u short both u will be short
[2016-12-16 14:38:49] l3f : I need to learn to read apparently
[2016-12-16 14:39:16] PARAFFIN : when comes this Bitcoin Wood thing?
[2016-12-16 14:39:29] rapidtrades : wtf
[2016-12-16 14:39:30] thomaskikansha : so if I have 1 BTC and I short 780 contracts then I'm neutral?
[2016-12-16 14:39:41] PARAFFIN : the BTC quarterly
[2016-12-16 14:39:59] rapidtrades : on the swap yes @thomaskikansha
[2016-12-16 14:40:25] j8 : l3f: well you wanted to earn interest on your bitcoin right.. if you sell the swap or futures then you're effectively earning interest on USD
[2016-12-16 14:41:07] l3f : ok I get it
[2016-12-16 14:41:17] sleger : that's one way to put it
[2016-12-16 14:41:17] rapidtrades : i believe they call that ' synthetic USD'
[2016-12-16 14:41:21] rapidtrades : in the biz biz
[2016-12-16 14:41:36] sleger : if you sell the swap you earn the premium of it, which can be either way depending on many factors which you dont really control
[2016-12-16 14:42:03] sleger : and historically it has been ~50%apr (according to bitmex)
[2016-12-16 14:42:18] rapidtrades : which is higher then futures if im not mistaken
[2016-12-16 14:42:21] sleger : during a period where the price went up quite a lot, so might be much lower if price flat or down or less up
[2016-12-16 14:43:07] rapidtrades : i did some calcs few months ago and I came up with 15-20% for shorting futures
[2016-12-16 14:43:31] rapidtrades : it was around same as u could get with lending USD on shitfinex
[2016-12-16 14:43:34] Rado : rapidtrades: for what period?
[2016-12-16 14:43:44] rapidtrades : honestly don't remember
[2016-12-16 14:43:54] l3f : BitMEX_Wally: is there historical data for the funding rate?
[2016-12-16 14:43:57] j8 : quarterlies are 18-19% now
[2016-12-16 14:44:04] rapidtrades : i only remember that it was very close to USD lending rate
[2016-12-16 14:44:11] Rado : j8: exactly
[2016-12-16 14:44:15] Rado : that's just for 3 months
[2016-12-16 14:44:26] rapidtrades : no that's annualized
[2016-12-16 14:44:31] j8 : 15 weeks, it's actually 3.5 months
[2016-12-16 14:44:40] j8 : and yeah that's annualized
[2016-12-16 14:45:02] rapidtrades : so within historical averages i think
[2016-12-16 14:45:04] Rado : rapidtrades: we are saying it's way more annualized
[2016-12-16 14:45:13] rapidtrades : it's not tho
[2016-12-16 14:45:17] j8 : no it's not
[2016-12-16 14:46:06] Rado : If you short each quarterly as it comes out and the compund the rates
[2016-12-16 14:46:14] Rado : compound
[2016-12-16 14:46:27] BitMEX_Wally : l3f: Sure, have a look at the Funding History: https://www.bitmex.com/app/fundingHistory
[2016-12-16 14:46:34] rapidtrades : yes u will get slightly more compounded but not much
[2016-12-16 14:46:53] l3f : BitMEX_Wally: excellent
[2016-12-16 14:47:16] rapidtrades : I'm getting 16.98% compared to 16% for not compounded
[2016-12-16 14:47:40] BitMEX_Wally : XBTUSD has been 30.8301% cumulative since launch which was 216 days ago
[2016-12-16 14:47:55] rapidtrades : so not annualized?
[2016-12-16 14:48:13] BitMEX_Wally : So that is 52% annualised
[2016-12-16 14:48:38] orly : but that sounds about in line with the actual btc price rise since then
[2016-12-16 14:48:38] BitMEX_Wally : Not compounding
[2016-12-16 14:48:39] rapidtrades : yes it is
[2016-12-16 14:48:42] j8 : skewed higher by a few days where the rate was higher than the current cap
[2016-12-16 14:49:11] BitMEX_Wally : j8: This table records the actual funding rate that was paid
[2016-12-16 14:49:37] BitMEX_Wally : If we summed up `.XBTUSDPI8H` I am sure it would be higher at times
[2016-12-16 14:49:39] rapidtrades : BitMEX_Wally: start was may what day?
[2016-12-16 14:49:41] j8 : but it's currently not able to pay out that high, so it's not indicative
[2016-12-16 14:49:54] BitMEX_Wally : 2016.05.14
[2016-12-16 14:50:02] sleger : yes the product changed again since
[2016-12-16 14:50:13] sleger : by lower cap on rate @ capmex
[2016-12-16 14:50:13] rapidtrades : and when did the change happen?
[2016-12-16 14:50:32] PARAFFIN : whats it called? woodchipper?
[2016-12-16 14:50:47] BitMEX_Wally : Cap was put in place end of June I think
[2016-12-16 14:50:51] rapidtrades : bitcoin rose from 438 to 780 since the swap was created
[2016-12-16 14:51:07] sleger : honestly risking coins on exchange for the only reason to earn 18% apr is not worth it
[2016-12-16 14:51:10] rapidtrades : so that rally will skew the numbers a lot
[2016-12-16 14:51:15] sleger : *on any exchange
[2016-12-16 14:51:32] rapidtrades : yes it is if u use leverage
[2016-12-16 14:51:37] sleger : if you also use them to gamble then why not
[2016-12-16 14:51:48] sleger : rapidtrades: we are talking just carry, there is no leverage
[2016-12-16 14:52:04] sleger : buy btc, sell swap for same amount, 0 exposure
[2016-12-16 14:52:13] sleger : you cant leverage anything
[2016-12-16 14:52:27] BitMEX_Wally : So you can leverage in that you keep less capital on the exchange
[2016-12-16 14:52:31] rapidtrades : no, cos u can be 10/1 here and only deposit 10% of ur BTC
[2016-12-16 14:52:33] Rado : rapidtrades, j8: you are right, annualized is only 1% higher for 4 quarters http://www.calculatorsoup.com/calculators/financial/compound-interest-calculator.php?given_data=find_A&P=10%2C000.00&R=18&n=4&t=1&given_data_last=find_A&action=solve
[2016-12-16 14:52:37] rapidtrades : yes what wally said
[2016-12-16 14:54:34] mjones : btc hasnt been this low since the new quarterly opened. lets panic short
[2016-12-16 14:56:04] rapidtrades : yuan nearing last month's lows
[2016-12-16 14:56:17] rapidtrades : almost 6.96
[2016-12-16 14:56:58] rapidtrades : very tight range on usd/jpy, prolly gonna surge higher again
[2016-12-16 14:56:58] j8 : XBCH17 is a good buy i think
[2016-12-16 14:57:58] Rado : j8: why
[2016-12-16 14:58:04] RocketScience : is premium moved by big buys? or can market maker put bids elsewhere and change mark priuce himself?
[2016-12-16 14:58:19] Rado : surely not because the premium is low
[2016-12-16 14:59:00] Rado : if BTC moves to $1000 then XBTH17 is a great buy
[2016-12-16 14:59:02] j8 : Rado: because the china premium can expand big time, and you're short the yuan all in one
[2016-12-16 14:59:26] Rado : oh
[2016-12-16 14:59:34] Rado : I didn't pay attention to the symbol
[2016-12-16 14:59:38] sleger : BitMEX_Wally: if you leave 10% on the exchange and there is a fast move, like you had on JPY then you can get liquidated, price comes back before you can reenter, and you just lost much more money than you would have made in a year of earning interest
[2016-12-16 14:59:43] Rado : you said XBCH
[2016-12-16 14:59:53] sleger : yes XBC H
[2016-12-16 15:00:04] Rado : good point
[2016-12-16 15:00:05] j8 : yeah lots of symbols now
[2016-12-16 15:00:07] sleger : do you even lift ?
[2016-12-16 15:00:51] Rado : I think short swap and long XBTZ16 is also a safe trade