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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[2016-12-22 03:14:17] l3f : start here
[2016-12-22 03:14:35] DCCinvestor : I don't get what to do to fully complete a short sell. Why would you go short march over December?
[2016-12-22 03:14:49] l3f : Because they are future contracts
[2016-12-22 03:15:07] Apocalyptic : finance is hard
[2016-12-22 03:15:14] l3f : let's go shopping
[2016-12-22 03:15:18] DCCinvestor : So price will be higher then assuming follows trend of last 6 mos?
[2016-12-22 03:15:38] Apocalyptic : DCCinvestor: if you short december your contract will settle in a week
[2016-12-22 03:15:59] DCCinvestor : True
[2016-12-22 03:16:12] l3f : also there's not that much liquidity in that contract anymore
[2016-12-22 03:16:14] l3f : people are moving to march
[2016-12-22 03:16:23] Apocalyptic : for obvious reasons
[2016-12-22 03:16:45] j8 : march has a decent premium, especially compared to the china march contract
[2016-12-22 03:16:49] mjones : nice okcoin volume spike
[2016-12-22 03:17:07] mjones : random 1771 btc buy
[2016-12-22 03:17:30] DCCinvestor : Does anyone have a different resource to learn this more? Besides what's on here
[2016-12-22 03:17:39] immackay : DCCinvestor: babypips.com
[2016-12-22 03:17:47] Rado : volume spike might mean that a temporary top might be forming
[2016-12-22 03:17:50] immackay : DCCinvestor: also don't listen to advice from the trollbox
[2016-12-22 03:18:52] DCCinvestor : immackay: true doesn't mean I have to follow said advice
[2016-12-22 03:19:02] j8 : volume spike on okc could mean absolutely nothing.. i don't get why anyone watches china volume still
[2016-12-22 03:19:02] mjones : if china doesnt break 6000 cny on this attempt it's time to close long and short
[2016-12-22 03:21:25] sleger : btcjpy 100k, as predicted
[2016-12-22 03:21:47] j8 : meh, wait for 200k
[2016-12-22 03:23:56] Rado : shouldn't need to wait long
[2016-12-22 03:24:23] j8 : could be a bit more than 8 days though
[2016-12-22 03:24:43] Rado : We need Coroda to print more JPY
[2016-12-22 03:25:11] Rado : or is it Kuroda
[2016-12-22 03:25:18] j8 : the second
[2016-12-22 03:26:03] Rado : I sold all my contracts
[2016-12-22 03:26:19] Rado : feel naked now
[2016-12-22 03:26:50] Rado : going to short swap again for another $8 correction
[2016-12-22 03:28:18] Apocalyptic : stamp is killing it
[2016-12-22 03:28:26] Rado : j8: I keep getting a python error on the MM bot
[2016-12-22 03:28:46] j8 : what's the error
[2016-12-22 03:29:12] Rado : not sure if it's because of testnet
[2016-12-22 03:29:12] Rado : let me get it
[2016-12-22 03:29:31] aethlios : stamp has 1000 coins up to 912
[2016-12-22 03:29:44] aethlios : scarcity
[2016-12-22 03:29:46] sleger : why 912 ?
[2016-12-22 03:29:59] arbitrage001 : j8: do you let your bot run in a strong trend market
[2016-12-22 03:30:34] sleger : and why stamp, the most illiquid orderbook
[2016-12-22 03:30:37] aethlios : if you want to buy 1000 btc, have to send price 912
[2016-12-22 03:30:43] sleger : seriously, at least try to be objective
[2016-12-22 03:30:45] Rado : j8: TypeError: not all arguments converted during string formatting Logged from file market_maker.py, line 453
[2016-12-22 03:30:46] j8 : i'm not running any bots at the moment, not sure where you guys got that idea
[2016-12-22 03:30:50] sleger : or go eat some feta
[2016-12-22 03:30:58] aethlios : real coins not contracts.
[2016-12-22 03:32:12] j8 : Rado: usually comes from trying to do something like `"%d %d %d" % (1,2)`
[2016-12-22 03:32:25] Rado : right
[2016-12-22 03:32:30] j8 : where there are more format tags than arguments
[2016-12-22 03:32:34] Rado : not sure why it only happens sometimes
[2016-12-22 03:33:16] j8 : maybe one of the arguments is None in some cases
[2016-12-22 03:34:23] Rado : right
[2016-12-22 03:34:30] mjones : 845
[2016-12-22 03:34:49] mjones : being a bear on bearstamp didnt work out too well
[2016-12-22 03:35:06] Apocalyptic : the spread is insane
[2016-12-22 03:35:58] Apocalyptic : the $1M question is: why is someone on stamp buying so high
[2016-12-22 03:36:31] ett1 : serious money that trusts stamp more than any other exchange
[2016-12-22 03:36:31] ett1 : ?
[2016-12-22 03:36:42] immackay : bull is getting thin
[2016-12-22 03:36:42] ett1 : 5pts isnt a lot
[2016-12-22 03:36:48] ett1 : % wise
[2016-12-22 03:36:53] aethlios : 1000 usd could be 48 hours away.
[2016-12-22 03:37:15] mjones : yeah
[2016-12-22 03:37:21] mjones : this may not take any pauses
[2016-12-22 03:37:21] immackay : I hope so
[2016-12-22 03:37:26] arbitrage001 : sure
[2016-12-22 03:37:28] Rado : Apocalyptic: because of the same reason people buy the top of the stock market
[2016-12-22 03:37:33] mjones : had 3 years of consolation
[2016-12-22 03:37:33] Rado : another reason is FOMO
[2016-12-22 03:37:46] mjones : just have china pump 600 CNY. then another 600 CNY and boom $1000
[2016-12-22 03:38:10] aethlios : 1000 spot very soon means 1150 quarterly because of huge time value remaining
[2016-12-22 03:38:18] immackay : I think 2017 will see crypto come into the mainstream
[2016-12-22 03:39:38] Apocalyptic : immackay: the ETF would be a nice first step
[2016-12-22 03:39:45] Apocalyptic : don't be too demanding
[2016-12-22 03:40:06] Rado : next funding rate more appropriate
[2016-12-22 03:40:53] mjones : wtf at H17
[2016-12-22 03:41:03] mjones : market maker checked out again
[2016-12-22 03:41:16] aethlios : fomo now much easier than 2013, now you have coinbase, circle, etc. buy from bank account, buy with debit card, many fomo buyers can now easily access the pump and buy the top. don't have to send money abroad to stamp or finex
[2016-12-22 03:41:22] mjones : oh well. shorts get screwed
[2016-12-22 03:43:17] aethlios : when your aunt calls you to ask you how she can buy btc, tell us that info in order to sell the top.
[2016-12-22 03:44:59] Apocalyptic : aethlios: a cab driver might do as well
[2016-12-22 03:45:51] aethlios : Apocalyptic: well they are more street enducated, better an aunt.
[2016-12-22 03:46:03] aethlios : educated...
[2016-12-22 03:49:32] l3f : aethlios: aye, the real estate bubble is popping when retail investors get in
[2016-12-22 03:49:39] l3f : when the word on the street is buttcoin
[2016-12-22 03:49:53] l3f : but the pump is magic
[2016-12-22 03:51:10] mjones : i like how there is only 1 wall on the sell side on H17
[2016-12-22 03:51:35] mjones : and 436,000 contracts going the other way
[2016-12-22 03:52:47] aethlios : mjones: my wall
[2016-12-22 03:52:59] Rado : I can tell you that there are not many buyers of the swap right now
[2016-12-22 03:53:28] micmix : funding is in 6 minutes
[2016-12-22 03:53:30] aethlios : h17 premium very low
[2016-12-22 03:53:51] aethlios : next 3 fundings will be decent
[2016-12-22 03:56:49] Rado : short now at 845 and change
[2016-12-22 03:56:53] aethlios : 120 to 1200 rally happened in 8 weeks, 780 to 7,800 in 8 weeks and retrace to 1,500 then?? premium quarterly to 1,500 usd?? these are moves to really make headlines
[2016-12-22 04:01:08] arbitrage001 : here we go
[2016-12-22 04:01:09] arbitrage001 : dump
[2016-12-22 04:02:55] immackay : arbitrage001: lol
[2016-12-22 04:06:55] mjones : i'
[2016-12-22 04:07:06] mjones : i'm waiting for the we're not breaking 6000 CNY just yet dump
[2016-12-22 04:07:29] zanza : 5998
[2016-12-22 04:07:34] mjones : but the sideways just under it has me thinking surprise we are breaking 6000 cny and mooning
[2016-12-22 04:08:00] immackay : just remember that this pump wasn't started by china
[2016-12-22 04:08:08] startChat : mjones: i like this analysis
[2016-12-22 04:10:39] arbitrage001 : immackay: so, should be bullish or bearish
[2016-12-22 04:10:49] arbitrage001 : given this trend isnt started by china
[2016-12-22 04:11:14] startChat : Its started by the world, removing cash
[2016-12-22 04:11:17] startChat : and nigeria
[2016-12-22 04:11:18] immackay : arbitrage001: i'd say it's gonna top out around 860 usd but don't hold me to that
[2016-12-22 04:11:44] arbitrage001 : bearish view the?
[2016-12-22 04:11:48] arbitrage001 : then
[2016-12-22 04:12:37] immackay : yeah, for a while
[2016-12-22 04:12:52] immackay : I'm not sure what trump will do to bitcoin next month
[2016-12-22 04:13:15] startChat : make it legal tender?
[2016-12-22 04:13:22] ett1 : clear bull till theres a sign of a turn around. every time it hits a new high its bullish
[2016-12-22 04:13:29] Apocalyptic : startChat: that would be something
[2016-12-22 04:13:33] Apocalyptic : keep dreaming
[2016-12-22 04:13:51] CaptainDean : He probably had some money from his campagne from the Bitcoin.
[2016-12-22 04:13:56] immackay : startChat: we can only hope
[2016-12-22 04:13:58] CaptainDean : for his**
[2016-12-22 04:14:28] CaptainDean : Would you ignore someone giving you thounsand of BTC as financement ?
[2016-12-22 04:14:35] Apocalyptic : if such a thing would occur, then you can expect $50k/100k per BTC
[2016-12-22 04:15:07] CaptainDean : I would only not expect his death
[2016-12-22 04:16:33] CaptainDean : if he's a true business man, i.m sure he can see what Bitcoin is and can be. What are his plain ? who knows
[2016-12-22 04:16:44] CaptainDean : plans*
[2016-12-22 04:17:28] ett1 : trump bought a whole bunch of coin in the $10-20 dollar range
[2016-12-22 04:17:42] CaptainDean : that would be great news
[2016-12-22 04:17:54] ett1 : he's in cahoots with mark karpeles. dont underestimate trump
[2016-12-22 04:18:04] mjones : are the winklevoss twins and trump friends?
[2016-12-22 04:18:20] ett1 : no trump thinks theyre dicks
[2016-12-22 04:18:25] CaptainDean : :D
[2016-12-22 04:19:09] mjones : what's the magic word to make the H17 market maker to come back?
[2016-12-22 04:19:28] CaptainDean : "stop the pump"
[2016-12-22 04:19:39] mjones : order book is lopsided
[2016-12-22 04:19:41] ett1 : pizza
[2016-12-22 04:20:24] CaptainDean : can the MM be loopised as a protection ?
[2016-12-22 04:20:48] mjones : what happens when market maker gets margin called
[2016-12-22 04:21:15] CaptainDean : they come back with new money :P I don't know ..
[2016-12-22 04:21:32] CaptainDean : they get the next one on a list ? ;-)
[2016-12-22 04:21:48] ett1 : they take out another loan
[2016-12-22 04:22:20] startChat : What of this odd stalling, does the west have the strength?
[2016-12-22 04:22:37] CaptainDean : i made my mind, we are going over 6000 (lol)
[2016-12-22 04:22:40] micmix : mjones: say REKT 3 times and MM will be back... oh wait, it's for the dump
[2016-12-22 04:23:18] ett1 : i only see 5 lines of the order book. how can i see more depth
[2016-12-22 04:23:32] immackay : ett1: press the arrow in the top right
[2016-12-22 04:24:04] CaptainDean : micmix: Hey ! Did you made the changes to the rekt messages ? I don't remember what was the one to be added for the lagest rekt size
[2016-12-22 04:24:32] micmix : it's still REKTosaurus
[2016-12-22 04:24:50] CaptainDean : micmix: :D
[2016-12-22 04:24:52] micmix : didn't add anything above
[2016-12-22 04:25:14] CaptainDean : micmix: cool ;-)
[2016-12-22 04:25:39] CaptainDean : micmix: In which language did you created it ?
[2016-12-22 04:26:02] micmix : REKT is node.js
[2016-12-22 04:26:10] micmix : javascript
[2016-12-22 04:26:31] CaptainDean : micmix: i guess it could be done in C#, using th API ?
[2016-12-22 04:26:49] micmix : any language really
[2016-12-22 04:26:51] CaptainDean : micmix: bot seems to be done in python from what i red here
[2016-12-22 04:27:11] arbitrage001 : CaptainDean: because there is a sample one
[2016-12-22 04:27:26] micmix : any language really, mine is not python
[2016-12-22 04:27:29] arbitrage001 : most coders are lazy, only re-use what they have
[2016-12-22 04:28:01] CaptainDean : well I never red Python, it shouldn't be a problem
[2016-12-22 04:28:11] CaptainDean : arbitrage001: i would prefer use C# i guess
[2016-12-22 04:28:52] CaptainDean : micmix: I might try to write something just for fun during my vacation
[2016-12-22 04:29:05] l3f : why don't you learn python
[2016-12-22 04:29:15] l3f : and for the love of god learn python 3
[2016-12-22 04:29:18] arbitrage001 : my language of preference is java
[2016-12-22 04:29:24] CaptainDean : Why would i use python ?
[2016-12-22 04:29:35] arbitrage001 : figured it is too much work coding from scratch
[2016-12-22 04:29:55] CaptainDean : arbitrage001: I'm doing C# and Apex since last 4-5 years
[2016-12-22 04:30:24] CaptainDean : arbitrage001: so they build up a great structure in python and you went from there ?
[2016-12-22 04:30:35] micmix : CaptainDean: I'm using C#/F# plus node.js for some exchange gateways, the system itself is 90% C# with some algos in F#. it doesn't really matter what lang to use
[2016-12-22 04:30:37] ett1 : i know wordpress (some HTML, JS) & trading system scripting. played around a little bit with python & angularjs but never stuck learning them
[2016-12-22 04:30:39] arbitrage001 : CaptainDean: yes
[2016-12-22 04:30:45] ett1 : whats im i best learning nodejs or python
[2016-12-22 04:30:46] immackay : how old on average are the traders here?
[2016-12-22 04:30:56] ett1 : for finance & web related projects
[2016-12-22 04:31:09] startChat : immackay: 13
[2016-12-22 04:31:22] CaptainDean : startChat: actually i'm 12
[2016-12-22 04:31:24] mjones : i'm 12 and what is this?
[2016-12-22 04:31:28] Apocalyptic : if you exclude rapid it goes to 19 though
[2016-12-22 04:31:40] immackay : Apocalyptic: lmao
[2016-12-22 04:31:43] arbitrage001 : rapid is probably 20 something
[2016-12-22 04:32:00] CaptainDean : Rapid just have a grumpy side
[2016-12-22 04:32:06] arbitrage001 : still think using his dick
[2016-12-22 04:32:15] immackay : CaptainDean: just wondering cause you've got a few years of experience with coding
[2016-12-22 04:32:59] CaptainDean : immackay: i'm about to reach 100011, this friday
[2016-12-22 04:34:12] CaptainDean : micmix: I'm not aware of F#, why did you wrote some of the algo part in that language ?
[2016-12-22 04:34:51] MrRGnome : Because F# is tits. Functional tits.
[2016-12-22 04:34:52] arbitrage001 : micmix: is your bot still running in this strong trend market?
[2016-12-22 04:35:16] micmix : arbitrage001: of course, one of the best days profit-wise
[2016-12-22 04:35:23] CaptainDean : micmix: and last final question, did you build your bots from scratch ?
[2016-12-22 04:35:26] arbitrage001 : micmix: lol
[2016-12-22 04:35:34] arbitrage001 : micmix: 2 of my bots stopped
[2016-12-22 04:35:40] DangerandPlay : this is gonna be an amazing christmas
[2016-12-22 04:35:41] ett1 : he bought it from clickbank
[2016-12-22 04:36:08] ett1 : but customised it
[2016-12-22 04:37:49] micmix : CaptainDean: F# bc some stuff is easier in a functional language and quants like it. yes, everything from scratch, only some low-level stuff open-source
[2016-12-22 04:41:00] CaptainDean : micmix: well i'm far away from been able to start a bot from scratch, my trading skill are way to bad for that. I will check the python structure first i think
[2016-12-22 04:41:44] AudibleScience : is there something wrong with the order book on XBTH17?
[2016-12-22 04:42:23] MrRGnome : Functional languages are perfect for operations you need to complete with a specific result, like financial transactions. If you plan on making operations requiring a high degree of certainty in their output a functional language is the one for you.
[2016-12-22 04:42:23] CaptainDean : AudibleScience: MM is gone
[2016-12-22 04:42:35] immackay : AudibleScience: seemingly
[2016-12-22 04:42:37] micmix : CaptainDean: I don't know what it has to do with trading skills :-)
[2016-12-22 04:42:46] mjones : AudibleScience: too many people are long
[2016-12-22 04:43:05] mjones : but that doesnt mean price will dump. just means shorters cant get out
[2016-12-22 04:43:16] mjones : nor can people long.
[2016-12-22 04:43:23] mjones : but you can go to dec 30th
[2016-12-22 04:43:26] CaptainDean : micmix: I can't the face at the end of sentence but i guess you're sarcastic right ?
[2016-12-22 04:44:03] CaptainDean : MrRGnome: yeah i'm looking at the doc at the moment, all the key word are pretty much the same as C1
[2016-12-22 04:44:07] CaptainDean : c#
[2016-12-22 04:44:11] lockhedge : CaptainDean: you mainly need math skills, not trading skills
[2016-12-22 04:44:22] MrRGnome : ^^
[2016-12-22 04:45:27] MrRGnome : At least for a market maker. If you want to build your own trading algo from scratch you probably need trading skills, but I don't know why anyone would when there is such a body of existing literature on the subject.
[2016-12-22 04:48:42] lockhedge : right, and even for market making you need at least some knowledge about market structure
[2016-12-22 04:48:42] micmix : CaptainDean: no, not sarcastic. I'm probably really bad at discretionary trading, not even going to attempt it.
[2016-12-22 04:49:13] micmix : I do like 2-3 trades per month manually
[2016-12-22 04:51:05] CaptainDean : thanks for the info guys, appreciated
[2016-12-22 04:52:15] CaptainDean : I may attemp to buld a MM bot ;-)
[2016-12-22 04:52:27] micmix : good, we need more!
[2016-12-22 04:53:55] MrRGnome : The thing that keeps me from making a MM bot is my fear of regularly keeping that volume of BTC on an exchange... =/
[2016-12-22 04:55:27] mjones : lol @ H17
[2016-12-22 04:55:31] REKT : Liquidated long on `XBTH17`: sell 10000 @ 891.85
[2016-12-22 04:55:33] mjones : fucking fuck
[2016-12-22 04:55:39] mjones : MM came back
[2016-12-22 04:56:22] mjones : now no one long and scare it away this time
[2016-12-22 04:59:45] viptrader : DUMPPPPPPPP
[2016-12-22 04:59:45] viptrader : ITTTTTTTTT
[2016-12-22 05:00:02] Apocalyptic : viptrader: lol, still short ?
[2016-12-22 05:00:13] Apocalyptic : boy you're in for a ride...
[2016-12-22 05:00:24] mjones : china may not have started this pump, but it will end it
[2016-12-22 05:01:34] mjones : unless this is another small dip that gets bought up and price will be back at 5980 in a minute
[2016-12-22 05:02:46] REKT : Liquidated long on `XBTUSD`: sell 20000 @ 843.67
[2016-12-22 05:03:44] immackay : I managed to long at the highest point of H17...
[2016-12-22 05:03:50] immackay : tremendous
[2016-12-22 05:04:12] immackay : waiting to get rekt
[2016-12-22 05:04:43] arbitrage001 : immackay: thought you are bearish
[2016-12-22 05:04:56] immackay : arbitrage001: when did I say that?
[2016-12-22 05:05:52] arbitrage001 : [2016-12-22 04:11:18] immackay : arbitrage001: i'd say it's gonna top out around 860 usd but don't hold me to that
[2016-12-22 05:06:43] immackay : yeah, for swap, it's still at 843
[2016-12-22 05:07:07] arbitrage001 : anyway, i am going to suck on the funding
[2016-12-22 05:07:11] immackay : that was more of a "I think it'll meander up a little for a day then drop"
[2016-12-22 05:07:15] arbitrage001 : trading is too hard
[2016-12-22 05:07:51] immackay : should have seen china coming
[2016-12-22 05:07:52] ett1 : if i kept a 1x long position, how much would i pay annually in funding
[2016-12-22 05:07:55] ett1 : whats the avg
[2016-12-22 05:08:00] l3f : ett1: you won't pay anything
[2016-12-22 05:08:06] l3f : because it's your money
[2016-12-22 05:08:23] ett1 : sorry, i meant 2x
[2016-12-22 05:08:33] l3f : 50% APR
[2016-12-22 05:08:33] ett1 : im just curious about the APR
[2016-12-22 05:08:38] j8 : it's a floating rate, can't really predict it
[2016-12-22 05:08:43] l3f : historically
[2016-12-22 05:08:50] j8 : like 50% p.a. or something
[2016-12-22 05:09:01] j8 : hasn't even been around for 1 year though
[2016-12-22 05:09:30] ett1 : thanks. so like having a cash position (-1x) should earn 50% or so
[2016-12-22 05:09:49] ett1 : im like 50% long 50% flat so it probably would average out for me
[2016-12-22 05:09:58] j8 : it would have in the past, who knows for the future
[2016-12-22 05:10:08] l3f : also you might get mexxed
[2016-12-22 05:10:12] l3f : which would -100%
[2016-12-22 05:10:25] l3f : or however much you put in margin
[2016-12-22 05:10:29] ett1 : sorry it would earn me, since i dont usually use leverage, but would hedge here
[2016-12-22 05:10:32] mjones : yeah. we need extreme vetting of those holding cold storage keys
[2016-12-22 05:10:45] ett1 : l3f: ye i got that
[2016-12-22 05:11:07] j8 : ett1: keep in mind you could also get auto-deleveraged, though it's less likely if you're 1x
[2016-12-22 05:11:15] mjones : bitfinex is a fat finger away from a large dump
[2016-12-22 05:11:29] ett1 : say im long half the time (in BTC) & flat half the time
[2016-12-22 05:11:34] ett1 : i could hold BTC in my wallet
[2016-12-22 05:11:46] ett1 : and when flat, have only 10% here with a 10x short
[2016-12-22 05:11:51] ett1 : seems like a good sstrategy
[2016-12-22 05:12:43] j8 : sure, but don't expect to earn interest if you only sell the swap when the market's bearish
[2016-12-22 05:12:56] ett1 : im gamling right now with leverage, but the fundings is pretty steep i tend to notice
[2016-12-22 05:13:39] AudibleScience : not most of the time
[2016-12-22 05:13:49] ett1 : j8: ye thats the thing. if im actually right in my trades, and the market agrees, then it can counter it
[2016-12-22 05:13:49] j8 : aside from today it's been abnormally low recently
[2016-12-22 05:14:18] ett1 : its pretty complex i suppose. i try not to concern myself about it too much
[2016-12-22 05:14:51] AudibleScience : It's really just a function of the premium or discount compared to the index
[2016-12-22 05:14:56] j8 : futures are more predictable, and if you're right then you also get the benefit of the premium changing
[2016-12-22 05:15:27] ett1 : j8: why more predictable than spot. i think its the same
[2016-12-22 05:15:28] j8 : with the swap when you win on price you're more likely to lose on rates
[2016-12-22 05:16:09] ett1 : you mean the funding rate is more predictable?
[2016-12-22 05:16:19] ett1 : on futures than on swap
[2016-12-22 05:16:26] j8 : sure, spot is most predictable, but if you are borrowing then it's back to a floating rate
[2016-12-22 05:16:30] l3f : ett1: futures don't have a funding rate
[2016-12-22 05:16:31] arbitrage001 : the future price already build in the rate
[2016-12-22 05:16:49] ett1 : oh ye the premium
[2016-12-22 05:17:05] j8 : although that part's only really a predictable cost if you hold to expiry
[2016-12-22 05:17:27] ett1 : is the swap and the futures premium pretty much equivalent, so it shouldnt matter too much ( i like the non expiring option) or to they diverge
[2016-12-22 05:18:00] arbitrage001 : ett1: they are not the same
[2016-12-22 05:18:48] ett1 : ok thanks. i think ill have to look into the swap a bit more to understand it fully
[2016-12-22 05:18:57] j8 : in theory the yield from swap funding should be similar to selling short term futures, on average
[2016-12-22 05:19:52] arbitrage001 : only if market is efficient
[2016-12-22 05:20:02] ett1 : do the arbs manage to keep things pretty close usually, or theses been quite some difference?
[2016-12-22 05:20:12] ett1 : from the theoretical
[2016-12-22 05:20:14] j8 : yeah in practice it's been higher
[2016-12-22 05:20:34] startChat : Who is buying ETH right now?
[2016-12-22 05:20:49] ett1 : i think ETH foundation have a pump team
[2016-12-22 05:20:57] ett1 : usually they get started when BTC is crashing
[2016-12-22 05:21:05] startChat : where?
[2016-12-22 05:21:08] ett1 : and they try pumping the low volume ETHUSD
[2016-12-22 05:21:15] ett1 : to bring ETHBTC us
[2016-12-22 05:21:19] ett1 : up
[2016-12-22 05:21:23] arbitrage001 : startChat: adrian is buying eth
[2016-12-22 05:21:32] arbitrage001 : or angelica
[2016-12-22 05:21:42] startChat : john too?
[2016-12-22 05:21:56] arbitrage001 : anastasia soon too
[2016-12-22 05:37:45] mjones : eth nice bottom
[2016-12-22 05:38:04] mjones : cant get a better entry than 0.00901
[2016-12-22 05:48:27] l3f : mjones: what are you talking about
[2016-12-22 05:49:01] l3f : eth'll need another week before it's a buy
[2016-12-22 05:58:43] mjones : Btc dumps in a few hours and eth pumps
[2016-12-22 06:02:16] shiroe : ETH will continue to be bear. :P sorry.
[2016-12-22 06:10:58] m3s : ETH bearly holding on
[2016-12-22 06:12:50] j8 : bitflyer's over 900 USD
[2016-12-22 06:16:36] PlatinumPresto : but bityflyer has 8% fee
[2016-12-22 06:16:39] narnarfromnarnia : is there any way to convert your btc deposit balance to USD for shorting?
[2016-12-22 06:16:52] narnarfromnarnia : or do you remain in btc the entire time?
[2016-12-22 06:18:21] j8 : PlatinumPresto: pretty sure that doesn't apply to japanese residents. anyway that premium is not consistently there
[2016-12-22 06:18:58] PlatinumPresto : i believe ut stated its 7% for anyone not in japan
[2016-12-22 06:20:50] m3s : Can someone please explain like im 5 please: went long @ 830usd with 250 contracts and 4x leverage. right now unrealised PNL says I made ~4 usd but shouldnt that be 16 if I had 4x margin ? Thanks.
[2016-12-22 06:22:02] micmix : leverage doesn't affect PNL. if you want 4x profit you have to buy/sell 4x times more contracts
[2016-12-22 06:22:14] m3s : what does it affect than ?
[2016-12-22 06:22:49] micmix : leverage affects how much margin is reserved for the position, so only your liquidation price
[2016-12-22 06:23:03] micmix : change the leverage slider and you will see
[2016-12-22 06:23:04] m3s : ahh
[2016-12-22 06:23:09] m3s : ok
[2016-12-22 06:23:11] m3s : thank you
[2016-12-22 06:27:17] zanza : whats up ith FCT?
[2016-12-22 06:27:49] startChat : 6000
[2016-12-22 06:27:52] mjones : Wow
[2016-12-22 06:27:56] aethlios : wake up, movement
[2016-12-22 06:28:00] mjones : Pump
[2016-12-22 06:28:21] l3f : I won't touch eth until btc's finished pumping
[2016-12-22 06:30:07] REKT : Liquidated short on `XBTUSD`: buy 33351 @ 849.08
[2016-12-22 06:30:15] aethlios : short sellers for the 3month trapped, no depth to buy back. soon liq will start
[2016-12-22 06:30:48] l3f : jesus 6 dollar spread
[2016-12-22 06:31:00] l3f : madness
[2016-12-22 06:31:05] aethlios : 2250 open interest
[2016-12-22 06:31:13] herpinator : merry christmas
[2016-12-22 06:31:26] l3f : hell yeah son
[2016-12-22 06:31:57] KingTuna : IMO whales want this to get to $1000 to create media frenzy, FOMO and speculation
[2016-12-22 06:32:11] KingTuna : There is no reason they would have inflated price this high and stop shy
[2016-12-22 06:32:22] KingTuna : But what do I know, I am also speculating
[2016-12-22 06:32:23] l3f : it can't be stopped now
[2016-12-22 06:32:28] l3f : (famous last words)
[2016-12-22 06:32:38] l3f : but if it retraces FOMOer's will eat it up
[2016-12-22 06:33:04] m3s : l3f: ye will retrace like yesterday to 820 :D
[2016-12-22 06:33:26] REKT : Liquidated short on `XBTUSD`: buy 60 @ 849.66
[2016-12-22 06:36:17] shiroe : Does it want 888? :D
[2016-12-22 06:36:24] mjones : lol hehehehe
[2016-12-22 06:36:32] mjones : i had to long old quarterly to get back in
[2016-12-22 06:36:39] mjones : shame on me for closing my long in H17
[2016-12-22 06:37:02] REKT : Liquidated short on `XBTUSD`: buy 1000 @ 852.01
[2016-12-22 06:37:23] l3f : mjones: need more blood sacrifices
[2016-12-22 06:37:33] mjones : should have longed when MM came back at 891 o well
[2016-12-22 06:38:05] PARAFFIN : unbelivable
[2016-12-22 06:38:29] PARAFFIN : this is just crazy what btc does
[2016-12-22 06:38:52] PARAFFIN : this steady growth the last day
[2016-12-22 06:39:06] startChat : exponential
[2016-12-22 06:39:11] PARAFFIN : yes
[2016-12-22 06:39:11] Apocalyptic : PARAFFIN: clearly you weren't here in 2013
[2016-12-22 06:39:21] PARAFFIN : i was here!!!
[2016-12-22 06:39:29] PARAFFIN : i made much §§
[2016-12-22 06:39:32] PARAFFIN : $$
[2016-12-22 06:39:48] PARAFFIN : longed in plus500
[2016-12-22 06:39:53] Apocalyptic : then you know, nothing unbelievable here
[2016-12-22 06:39:59] aethlios : haha, still btc quiet, wait to get nasty.
[2016-12-22 06:40:10] Apocalyptic : and it's far from over
[2016-12-22 06:40:16] PARAFFIN : will that happen again?
[2016-12-22 06:40:58] l3f : I can say it will be ... apocalyptic
[2016-12-22 06:42:00] Apocalyptic : l3f: heh
[2016-12-22 06:43:57] shiroe : Some fomo triggered on china.
[2016-12-22 06:45:34] REKT : Liquidated long on `LTC7D`: sell 200 @ 0.004360
[2016-12-22 06:46:45] aethlios : still okcoin futures bearish, biweekly no premium at all.
[2016-12-22 06:47:51] mjones : bitmex old quarterly only has 2 dollar premium
[2016-12-22 06:48:31] REKT : Liquidated long on `ETC7D`: sell 31 @ 0.001336
[2016-12-22 06:48:52] aethlios : this is west buying, china not yet in the pump game.
[2016-12-22 06:48:53] mjones : H17 premium is insane. shorters trap
[2016-12-22 06:50:45] shiroe : damn i dont know if i will take profit from 800. lmfao
[2016-12-22 06:52:08] immackay : shiroe: did you short?
[2016-12-22 06:52:40] shiroe : immackay: long
[2016-12-22 06:52:51] REKT : Liquidated short on `XBTH17`: buy 706 @ 907.19
[2016-12-22 06:52:58] immackay : oh shit haha
[2016-12-22 06:53:28] Apocalyptic : shiroe: "hodl to the moon" as they would say
[2016-12-22 06:53:52] shiroe : Apocalyptic: i am. no retrace yet. :D profit for all
[2016-12-22 06:55:21] shiroe : The sells are larger on houbi yet it ends up green.
[2016-12-22 06:55:48] shiroe : 300+ sell, single digit buys. weird.
[2016-12-22 06:56:21] REKT : Liquidated long on `ETH7D`: sell 1 @ 0.008830
[2016-12-22 06:57:39] l3f : 900 tomorrow?
[2016-12-22 06:57:57] PARAFFIN : yee
[2016-12-22 06:58:01] REKT : Liquidated short on `XBTUSD`: buy 1500 @ 854.22
[2016-12-22 06:58:45] PARAFFIN : o.O
[2016-12-22 06:59:09] PARAFFIN : crazy
[2016-12-22 07:01:01] Apocalyptic : $7 spread now stamp/finex
[2016-12-22 07:01:03] fuckshitstack : next five minutes will be the cheapest coins until the end of time
[2016-12-22 07:01:16] REKT : Liquidated long on `XBTUSD`: sell 8100 @ 854.72
[2016-12-22 07:01:32] l3f : lol
[2016-12-22 07:01:38] shiroe : wut.
[2016-12-22 07:01:39] l3f : don't get too excited bois
[2016-12-22 07:01:46] mjones : takes skill to get rekt on a long
[2016-12-22 07:01:59] l3f : it takes a lot of skill to lose money in a bulltrend
[2016-12-22 07:03:09] PARAFFIN : germany opened ?
[2016-12-22 07:03:19] MrRGnome : 100x leverage: not even once
[2016-12-22 07:04:38] l3f : HAHAH
[2016-12-22 07:04:43] l3f : 10 dollar spread
[2016-12-22 07:04:47] l3f : what the fat
[2016-12-22 07:04:49] l3f : fuck*
[2016-12-22 07:05:16] mjones : just stick to the old quarterly
[2016-12-22 07:05:27] mjones : unless this dumps hard then fomo short H17
[2016-12-22 07:06:26] shiroe : smells like fomo is over.
[2016-12-22 07:14:46] REKT : Liquidated short on `XBTUSD`: buy 540 @ 856.69
[2016-12-22 07:15:35] MrRGnome : shiroe: better check your nose, it ain't working
[2016-12-22 07:16:04] shiroe : MrRGnome: ha! just seeing the per second transactions of houbi on the bitcoinwisdom.
[2016-12-22 07:16:27] Apocalyptic : shiroe: impatient for a retrace are we ?
[2016-12-22 07:16:50] KingTuna : Really isn't far from the ATH
[2016-12-22 07:16:53] shiroe : Apocalyptic: a bit, so i can exit my long.
[2016-12-22 07:17:27] MrRGnome : I really want to short but I am scared shitless of the inevitable monster bear trap.
[2016-12-22 07:17:50] shiroe : 500 sells, 1k sells, 1 btc buy. wtf haha
[2016-12-22 07:18:51] REKT : Liquidated long on `FCT7D`: sell 700 @ 0.002973
[2016-12-22 07:19:46] shiroe : MrRGnome: same.
[2016-12-22 07:20:11] shiroe : bear or bull trap. hmp
[2016-12-22 07:20:58] Apocalyptic : just go ahead guys, short it and be like viptrader later
[2016-12-22 07:21:09] l3f : Apocalyptic: what happened to viptrader?
[2016-12-22 07:21:15] l3f : mother of god
[2016-12-22 07:21:17] Apocalyptic : fighting the ticker is madness
[2016-12-22 07:21:17] REKT : Liquidated short on `XBTUSD`: buy 25000 @ 859.88
[2016-12-22 07:21:17] REKT : Liquidated short on `XBTUSD`: buy 400 @ 860.31
[2016-12-22 07:21:23] MrRGnome : Look at that beautiful bump.
[2016-12-22 07:21:26] REKT : Liquidated short on `XBTUSD`: buy 8000 @ 861.57
[2016-12-22 07:21:36] l3f : I LOVE THE SMELL OF LIQUIDATIONS IN THE MORNING
[2016-12-22 07:21:55] Apocalyptic : l3f: he's calling for a dump in ALL CAPS in this chatbox every now and then
[2016-12-22 07:22:11] Apocalyptic : you can literally feel his pain
[2016-12-22 07:22:20] MrRGnome : bahahaha
[2016-12-22 07:22:21] l3f : I can't
[2016-12-22 07:22:32] PatioCrasher : unrealized PNL : 0.1337 XBT LEET TRADER BOIYS
[2016-12-22 07:22:35] REKT : MOOON TIME!
[2016-12-22 07:22:35] REKT : Liquidated short on `XBTUSD`: buy 2100 @ 862.94
[2016-12-22 07:22:35] REKT : Liquidated short on `XBTZ16`: buy 500 @ 866.55
[2016-12-22 07:22:38] MrRGnome : The only way it would be better is if rapidtrades was in here crying about a short at 800
[2016-12-22 07:22:53] l3f : wtf is with this manipulated market
[2016-12-22 07:22:57] Apocalyptic : MrRGnome: rapid only shorts ZEC
[2016-12-22 07:23:01] REKT : Liquidated short on `XBTH17`: buy 10000 @ 917.91
[2016-12-22 07:23:03] l3f : ~ rapidaids
[2016-12-22 07:23:14] Apocalyptic : oh wait, he longs ZEC actually
[2016-12-22 07:23:22] startChat : Keep it rekting
[2016-12-22 07:23:27] MrRGnome : I remember him having a fit about the 10btc cap.
[2016-12-22 07:23:39] Apocalyptic : he famously longed at 3 BTC
[2016-12-22 07:23:53] Apocalyptic : rumour has it he's been holding ever since
[2016-12-22 07:24:05] startChat : probably 1 ZEC
[2016-12-22 07:24:15] MrRGnome : I wouldn't be surprised.
[2016-12-22 07:24:21] REKT : Liquidated short on `XBTUSD`: buy 27859 @ 865.06
[2016-12-22 07:24:21] REKT : Liquidated short on `XBTH17`: buy 10 @ 922.31
[2016-12-22 07:24:24] MrRGnome : holy houbi
[2016-12-22 07:24:28] Coconuter : why is my leverage keeps dropping as it goes up
[2016-12-22 07:24:51] l3f : Coconuter: because your margin is denominated in usd but it takes btc
[2016-12-22 07:24:52] l3f : so as btc goes up
[2016-12-22 07:24:55] l3f : it takes less margin
[2016-12-22 07:25:02] REKT : Liquidated long on `FCT7D`: sell 700 @ 0.002834
[2016-12-22 07:25:09] Coconuter : no more mofos shorting it
[2016-12-22 07:25:14] Coconuter : so i earn less
[2016-12-22 07:25:15] MrRGnome : well explained
[2016-12-22 07:25:17] Coconuter : god damn it
[2016-12-22 07:25:21] Coconuter : SHORT PLEASE
[2016-12-22 07:25:29] Coconuter : i want MOAAAR
[2016-12-22 07:25:29] l3f : this is top now guys
[2016-12-22 07:25:37] MrRGnome : lolol
[2016-12-22 07:25:40] l3f : as an expert on tops
[2016-12-22 07:25:44] MrRGnome : If you're sure you should short
[2016-12-22 07:25:46] Apocalyptic : l3f: I lol'd
[2016-12-22 07:25:46] l3f : I assure you, now would be a good entry
[2016-12-22 07:25:54] MrRGnome : Yeah I also assure you
[2016-12-22 07:26:04] l3f : 9.2122 XBT (114.40%)
[2016-12-22 07:26:07] l3f : not even fucking mad
[2016-12-22 07:26:22] startChat : what contract
[2016-12-22 07:26:24] MrRGnome : Not enough to do it myself, all my money is on route from a nigerean prince. But everyone else should short.
[2016-12-22 07:26:27] l3f : H17
[2016-12-22 07:27:02] REKT : Liquidated long on `XBCZ16`: sell 2 @ 6128.2 :punch: :whale:
[2016-12-22 07:27:06] REKT : Liquidated long on `XBCZ16`: sell 210 @ 6118.7
[2016-12-22 07:27:27] REKT : Liquidated long on `XBTUSD`: sell 4000 @ 862.25
[2016-12-22 07:27:31] REKT : Liquidated long on `XBTZ16`: sell 500 @ 861.62
[2016-12-22 07:27:41] herpinator : wew lad
[2016-12-22 07:27:47] l3f : bois
[2016-12-22 07:27:49] startChat : shake out
[2016-12-22 07:27:56] REKT : Liquidated long on `XBTUSD`: sell 700 @ 859.55
[2016-12-22 07:27:58] Apocalyptic : boys longing at x100
[2016-12-22 07:28:04] Apocalyptic : what can go wrong
[2016-12-22 07:28:10] l3f : I said it was top guys
[2016-12-22 07:28:12] l3f : nobody believed me
[2016-12-22 07:28:17] startChat : quickly bought up
[2016-12-22 07:28:20] startChat : there is no top
[2016-12-22 07:29:08] shiroe : the bear attacks :)
[2016-12-22 07:29:11] startChat : and.. its gone
[2016-12-22 07:29:16] shiroe : Finally haha
[2016-12-22 07:29:17] mjones : man
[2016-12-22 07:29:23] mjones : i step away from computer and it dumps
[2016-12-22 07:29:29] shiroe : damn
[2016-12-22 07:30:01] shery : who the fuck closed long??
[2016-12-22 07:30:12] shiroe : someone even stopped his factom bot.
[2016-12-22 07:30:17] Apocalyptic : sleger most likely
[2016-12-22 07:30:28] startChat : much better money to be made
[2016-12-22 07:30:44] shiroe : closed my long as well, i am out for now.