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.
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[2016-12-25 05:14:59] ett1 : when its discount & low funding rate there panic seling
[2016-12-25 05:16:05] ett1 : MrRGnome: i dont think thats the reason necesarilt
[2016-12-25 05:16:22] ett1 : that higer volatility is because higer leverage on offer
[2016-12-25 05:16:49] MrRGnome : I can't even talk to these new guys in chat. It's like you are all speaking a different language.
[2016-12-25 05:16:55] ett1 : perhaps that makes things more liquid so easier to discover price
[2016-12-25 05:16:56] rapidtrades : that $10 disocunt couldn't have stayed long cos it would've affected funding
[2016-12-25 05:17:02] ett1 : could be lower vol
[2016-12-25 05:17:03] MrRGnome : I LITERALLY just said it was because of leverage being offered.
[2016-12-25 05:17:41] ett1 : MrRGnome: ye im not sure if i agree thats the reason
[2016-12-25 05:17:47] ett1 : higher leverage = higher market vol
[2016-12-25 05:17:57] ett1 : i dont think thats definitely true
[2016-12-25 05:18:02] MrRGnome : when swaps go to premium & funding rate goes high theres buying,
[2016-12-25 05:18:04] MrRGnome : That's what you said
[2016-12-25 05:18:13] ett1 : ye
[2016-12-25 05:18:17] MrRGnome : There is no funding rate if there is no leverage
[2016-12-25 05:18:29] ett1 : rigtt
[2016-12-25 05:18:42] MrRGnome : So if you are sttributing some cause to the funding rate
[2016-12-25 05:18:42] ett1 : but why does that mean bitmex has to be more volatile than stamp
[2016-12-25 05:18:45] elmorte : lol, both my short and long are in the red...
[2016-12-25 05:18:51] MrRGnome : Then you are really attributing it to the leverage.
[2016-12-25 05:19:20] ett1 : it just is. i dont know if thats why
[2016-12-25 05:19:25] rapidtrades : I'm sensing a lot of less Christmas spirit this morning and a lot more 'shit this bitcorn thing isn't working out, guess I gotta go back to work'
[2016-12-25 05:19:33] MrRGnome : Why does leverage create volatility? Because instead of just stop hunting you get to go liquidation hunting too,
[2016-12-25 05:20:00] ett1 : sure i undertand
[2016-12-25 05:20:10] elmorte : rapidtrades: haha...bipolar bitcoiners
[2016-12-25 05:20:14] ett1 : but fx is highly levereged
[2016-12-25 05:20:22] j8 : rapidtrades: they all quit their jobs when we hit 900
[2016-12-25 05:20:25] MrRGnome : It also create a massive amount of volume by conceptualizing coins that don't actualyl exist
[2016-12-25 05:20:25] ett1 : can be lower vol than stocks or products with no leverage
[2016-12-25 05:20:45] ett1 : leverage can be a function of volatility too. like brokers used to only offer 3x or 5x for btc
[2016-12-25 05:21:10] MrRGnome : If you are suggesting fx and derivatives are a somparably small market you are nuts
[2016-12-25 05:21:34] narnarfromnarnia : whew got out with some profits
[2016-12-25 05:21:35] ett1 : im not sure if the volatility of the exchage isn to do about the amount of leverage being offered
[2016-12-25 05:21:40] Vijuu : Where is satoshi contracts
[2016-12-25 05:21:43] MrRGnome : okcasino has been offering way more than that for years.
[2016-12-25 05:22:00] rapidtrades : he's saying lower vol instruments have higher leverage products
[2016-12-25 05:22:05] MrRGnome : Well, it's the literal mechanism that creates peaks and valleys - so believe what you want
[2016-12-25 05:22:10] MrRGnome : leverage creates volatility.
[2016-12-25 05:22:16] rapidtrades : argument doesn't apply here cos vol is sky high
[2016-12-25 05:22:19] Vijuu : How to trade with 10000 satoshis
[2016-12-25 05:22:38] elmorte : j8: any spreadsheet software that would support websocket?
[2016-12-25 05:22:50] j8 : elmorte: doubt it
[2016-12-25 05:22:53] j8 : i dunno though
[2016-12-25 05:23:03] MrRGnome : I think you can program a .gs sheet with websocket handling
[2016-12-25 05:23:09] j8 : it's kind of a weird thing to do in a spreadsheet
[2016-12-25 05:23:16] rapidtrades : leverage DOES NOT create volatility, it likely dampens it overall ...but ofc it can exercebate the moves at turning points
[2016-12-25 05:23:16] MrRGnome : You can probably do it in visual basic too
[2016-12-25 05:23:39] MrRGnome : I would call "exacerbated movements" volatility.
[2016-12-25 05:24:03] ett1 : rapidtrades: +1 that what i think. it could dampen it since its easier to create liquidity
[2016-12-25 05:24:26] rapidtrades : overall it leads to a lot more volume and fatter books, so on average its prolly positive...it's just that the outliers stick in ur mind @MrRGnome
[2016-12-25 05:24:40] MrRGnome : It's absolutely positive if volume is your problem
[2016-12-25 05:25:22] j8 : leverage means you can get to the "right" price faster, but that's not necessary lower volatility
[2016-12-25 05:25:31] MrRGnome : It explodes volume and volatility. I have trouble understanding how there can be any debate about that. That same volume, represented 100x up tot he collatoral, means smaller movements trigger bigger liquidations and reactions
[2016-12-25 05:26:10] elmorte : j8: it would help with the UI
[2016-12-25 05:26:24] rapidtrades : because bigger leverage can also absorb large blocks of selling for example....again ur just looking at it at the extremes
[2016-12-25 05:26:39] MrRGnome : Sure, but it EQUALLY creates bigge buys
[2016-12-25 05:26:41] MrRGnome : So it's a wash
[2016-12-25 05:26:47] ett1 : volume but not volatility. the product will have a volatility of its own and higher volum will dampen the short term spikes and keep thing in more orderly
[2016-12-25 05:26:51] elmorte : if it could parse and display the data
[2016-12-25 05:27:23] rapidtrades : in theory it should be a wash yes...but in practice vol has gone down a lot in bitcoin while levarage was increased
[2016-12-25 05:27:28] elmorte : I guess i could whip something up in _shudder_ VBA
[2016-12-25 05:27:41] ett1 : rapidtrades: i agree
[2016-12-25 05:28:05] MrRGnome : If you weren't increasing the average order size proportional to the new liquidity on the books, yes you would reduce volatility. BUT because the orders are scaling in size with th eliquiditty because both are created by the same leverage, you end up LOSING the benefit of the thicker orderbook to equally thicker orders.
[2016-12-25 05:28:37] MrRGnome : Therefore, all you have introduced is the possiblity for liquidations, which increases net volatility
[2016-12-25 05:28:40] MrRGnome : Case closed.
[2016-12-25 05:28:44] elmorte : j8: basically, I'm learning and my first project to be if I market close right now, what would I get (as in hit in the order book)
[2016-12-25 05:28:46] ett1 : you make assumptions
[2016-12-25 05:29:00] j8 : high leverage gives power to speculators but not to liquidity providers
[2016-12-25 05:29:23] arbitrage001 : price distortion here is unreal
[2016-12-25 05:29:23] MrRGnome : It gives equal power to both, assuming they accept the same risk level
[2016-12-25 05:29:27] ett1 : j8: yes it does. it gives power to arbs and short term traders
[2016-12-25 05:29:33] j8 : liquidity providers don't trade 100x
[2016-12-25 05:29:34] ett1 : who provide liquidity
[2016-12-25 05:29:36] j8 : or even 20x
[2016-12-25 05:29:43] rapidtrades : I consider anything above 10/1 leverage for bitcoin unsustainable in terms of netting out the books, sooner or later it will lead to clawbacks or ADLs etc
[2016-12-25 05:29:52] MrRGnome : it's true there is a practical reality and an academic one.
[2016-12-25 05:30:02] MrRGnome : In practice many liquidity providers might not be chronic gamblers
[2016-12-25 05:30:04] rapidtrades : it's not good for a well functioning market
[2016-12-25 05:30:10] j8 : you can't do arb at 20x
[2016-12-25 05:30:21] MrRGnome : Very good point.
[2016-12-25 05:30:52] ett1 : if you do hegded trading you could have -100x and 100x on differnet instruments to reduce the spread getting ou tof line
[2016-12-25 05:31:01] j8 : nope
[2016-12-25 05:31:03] ett1 : without leverage youd need a lot of capital and make less return
[2016-12-25 05:31:07] MrRGnome : No one would risk that
[2016-12-25 05:31:08] ett1 : so less people doing it
[2016-12-25 05:31:10] ett1 : higher vol
[2016-12-25 05:31:12] MrRGnome : You get called on both and your arb is fucked
[2016-12-25 05:31:17] j8 : then a half percent move in the spread wipes you out
[2016-12-25 05:31:20] rapidtrades : that doesn't help when ADL or clawbacks hit @ett1
[2016-12-25 05:31:30] rapidtrades : also what j8 says
[2016-12-25 05:31:40] ett1 : ADL?
[2016-12-25 05:31:40] narnarfromnarnia : what's everyones play here seems like low volume,
[2016-12-25 05:31:45] narnarfromnarnia : i don't have any position open yet
[2016-12-25 05:31:59] arbitrage001 : buy dec and sell swap
[2016-12-25 05:32:03] arbitrage001 : the current play
[2016-12-25 05:32:08] rapidtrades : ett1: hover over the lights right below the price
[2016-12-25 05:32:14] gdog : long i think
[2016-12-25 05:32:18] narnarfromnarnia : arbitrage001: im not sure how that works
[2016-12-25 05:32:24] j8 : yeah, got some dec at -0.7% premium earlier
[2016-12-25 05:32:34] narnarfromnarnia : is it still a good premium now?
[2016-12-25 05:32:44] ett1 : yes
[2016-12-25 05:32:51] arbitrage001 : narnarfromnarnia: not anymore as we speak
[2016-12-25 05:32:54] ett1 : z16 is under spot
[2016-12-25 05:32:57] arbitrage001 : market move too fast
[2016-12-25 05:33:04] narnarfromnarnia : arbitrage001: what was it at?
[2016-12-25 05:33:07] ett1 : woops sorry no
[2016-12-25 05:33:09] narnarfromnarnia : i see same price 873
[2016-12-25 05:33:09] Rado : j8: -0.7?
[2016-12-25 05:33:10] Rado : nice
[2016-12-25 05:33:16] arbitrage001 : was 7 dollars spread
[2016-12-25 05:33:29] narnarfromnarnia : arbitrage001: could you explain that a bit
[2016-12-25 05:33:37] narnarfromnarnia : you mean 7 higher or lower than perpetual?
[2016-12-25 05:33:53] ett1 : sorry yes it still is
[2016-12-25 05:33:55] arbitrage001 : the price difference between swap and dec is 7 dollars
[2016-12-25 05:34:19] arbitrage001 : narnarfromnarnia: it should be close to par as the expiration date is near
[2016-12-25 05:34:23] narnarfromnarnia : how do you see that?
[2016-12-25 05:34:33] narnarfromnarnia : arbitrage001: right
[2016-12-25 05:34:42] narnarfromnarnia : it just dropped a lot now
[2016-12-25 05:34:44] narnarfromnarnia : woah
[2016-12-25 05:34:48] arbitrage001 : narnarfromnarnia: you buy one and sell another
[2016-12-25 05:34:49] ett1 : ye, youd have to factor it rollover and the negative funding right now
[2016-12-25 05:34:51] narnarfromnarnia : much bigger moves
[2016-12-25 05:35:27] elmorte : arbitrage001: funding though...
[2016-12-25 05:35:36] ett1 : arbitrage001: would you make money just long futures, short spreads long term
[2016-12-25 05:35:49] ett1 : i dont understand. seems to easy. what am i missing
[2016-12-25 05:35:52] arbitrage001 : ett1: there are traders here only trading spread
[2016-12-25 05:36:10] ett1 : is that what you do
[2016-12-25 05:36:29] narnarfromnarnia : arbitrage001: i'd like to see how that works
[2016-12-25 05:36:30] arbitrage001 : what i do is not relevant
[2016-12-25 05:36:37] narnarfromnarnia : if it works and leverage just the same
[2016-12-25 05:36:43] narnarfromnarnia : that was like guaranteed winnings right?
[2016-12-25 05:36:44] MrRGnome : ett1 it's not easy because the market and prices change and their relationship changes
[2016-12-25 05:36:55] arbitrage001 : lol, that is no guranteee winning
[2016-12-25 05:36:58] narnarfromnarnia : lol
[2016-12-25 05:37:01] MrRGnome : it's rare for a future to be under priced like that,
[2016-12-25 05:37:18] rapidtrades : are u sure?
[2016-12-25 05:37:22] ett1 : MrRGnome: yes got it
[2016-12-25 05:37:22] narnarfromnarnia : what do you guys think short term here likely 880 and back down?
[2016-12-25 05:37:36] MrRGnome : In bitcoin itin a bull trend with a near immediate expiry? Yeah
[2016-12-25 05:37:40] rapidtrades : so i shouldn't ask for a consumer loan so I can trade bitcorns?
[2016-12-25 05:37:47] ett1 : rapidtrades: too much selling
[2016-12-25 05:37:53] ett1 : oversold
[2016-12-25 05:38:01] ett1 : could be a bull sign
[2016-12-25 05:38:14] rapidtrades : everything is a bull sign here
[2016-12-25 05:38:19] ett1 : things will revert to the mean
[2016-12-25 05:38:25] MrRGnome : rapidtrades: well, since you're a rpo I think you should probably get that loan and turn it into a million. I don't know about some of these other guys though, sounds like a good way to ruin your life if you aren't a pro.
[2016-12-25 05:38:54] elmorte : ett1: lol...or mean will = things
[2016-12-25 05:39:07] rapidtrades : ett1: the 'mean' is $564 this year and much lower if we go back further
[2016-12-25 05:39:19] rapidtrades : so not sure you'd want that
[2016-12-25 05:39:24] micmix : get 1 million loan, buy bitcoin, short future, profit, super easy
[2016-12-25 05:39:29] dodic : so the funding rate is negative, that means longs get paid this round? or did I read that wrong?
[2016-12-25 05:39:30] ett1 : mo i meant premium & funding rates
[2016-12-25 05:39:35] dodic : on btc swap
[2016-12-25 05:39:38] ett1 : not price
[2016-12-25 05:40:22] gdog : huobi 6290
[2016-12-25 05:41:20] rapidtrades : china at 904
[2016-12-25 05:41:38] rapidtrades : we shouldn't fall as hard as china cos we're already at discount...but bots have no brains
[2016-12-25 05:41:51] rapidtrades : we'll prolly meet at 800
[2016-12-25 05:42:09] arbitrage001 : rapidtrades: discount means we are in bear trend
[2016-12-25 05:42:23] rapidtrades : i meant discount to china
[2016-12-25 05:42:26] arbitrage001 : as price go lower, the discount can go deeper
[2016-12-25 05:42:46] deep : on negative longs , funding should be given....anyone who can explain?
[2016-12-25 05:42:53] arbitrage001 : discount to china means we are also in bear trend lol
[2016-12-25 05:43:08] rapidtrades : not really no
[2016-12-25 05:43:28] ett1 : deep: sentiment
[2016-12-25 05:43:30] ett1 : lots of hedging
[2016-12-25 05:43:31] micmix : deep: negative funding means shorts will pay, longs will get paid
[2016-12-25 05:43:34] rapidtrades : discount to china usually happens during bull runs and ends with the bull run
[2016-12-25 05:44:07] ett1 : rapidtrades: your saying its bearing?
[2016-12-25 05:44:13] ett1 : i think its short term oversold
[2016-12-25 05:44:20] ett1 : due to fear
[2016-12-25 05:44:26] rapidtrades : we're having an academic discussion
[2016-12-25 05:44:33] ett1 : either hedgers, panic sellers, profit takers etc
[2016-12-25 05:44:46] rapidtrades : useless for practical purposes
[2016-12-25 05:44:51] deep : not sure, they say that funding will be paid to the account if long is negative. if long is positive, then you will be charged. Is my understanding correct? sorry I am new here...so may b asking a naive thing
[2016-12-25 05:45:22] ett1 : if you are long you will get paid right now
[2016-12-25 05:45:25] ett1 : shorts are charged
[2016-12-25 05:45:37] ett1 : like when interest rates go negative and you are charged on yur savings
[2016-12-25 05:45:45] micmix : deep: if you have a long position on XBTUSD and funding is negative, you will get paid
[2016-12-25 05:46:01] ett1 : if you buy right now you will recieve premium
[2016-12-25 05:46:12] ett1 : sorry receive funding rate
[2016-12-25 05:46:56] ett1 : if you are willing to provide liquidity...the market is looking for buyes to fulfil their demand
[2016-12-25 05:47:04] narnarfromnarnia : all signals are buy
[2016-12-25 05:47:04] rapidtrades : it's funny cos our spot is 30 below but our march is 10 above china
[2016-12-25 05:47:18] deep : ok. thanks for explanation.
[2016-12-25 05:47:20] rapidtrades : there's a good arb there but i can't figure it out at 7 am
[2016-12-25 05:47:34] Vijuu : Contract cost explain plz
[2016-12-25 05:48:19] Vijuu : How to trade with 10000 satoshi
[2016-12-25 05:48:26] ett1 : rapidtrades: if you were long swaps, what would you do
[2016-12-25 05:48:55] rapidtrades : prolly nothing, why?
[2016-12-25 05:49:39] ett1 : you wouldnt sell and buy futures
[2016-12-25 05:50:29] rapidtrades : it's only 0.5%...0.35% if u market sell both times
[2016-12-25 05:50:44] j8 : rapidtrades: get on board the long china, short US train and short the usdcny while you're at it
[2016-12-25 05:51:05] j8 : i mean long usdcny of course
[2016-12-25 05:51:13] ett1 : forget that. is it better to sell swaps for futures
[2016-12-25 05:51:23] ett1 : if bullish btc
[2016-12-25 05:51:42] rapidtrades : u can't trade usd/cny but usd/cnh has a nasty rollover for longs
[2016-12-25 05:52:37] j8 : you don't have to if you just do the trade on quarterlies
[2016-12-25 05:52:55] j8 : that puts you short usdcny
[2016-12-25 05:52:57] rapidtrades : go long their march, sell ours
[2016-12-25 05:53:02] j8 : ya
[2016-12-25 05:53:12] j8 : i mean long again. dammit
[2016-12-25 05:53:33] rapidtrades : now if u add in short usd/cnh that's an arb
[2016-12-25 05:53:50] rapidtrades : and u'll get paid rollover fees cos ur short
[2016-12-25 05:54:03] rapidtrades : on most brokers anyway (*check fine print)
[2016-12-25 05:55:34] j8 : sure, i'm fine with the usdcny exposure though
[2016-12-25 05:55:34] rapidtrades : total profit $5 plus rollover fees for 3 months
[2016-12-25 05:57:31] JimmySmits : I covered my short and went long..looking for more of a bounce but not past 885 probably
[2016-12-25 05:57:42] rapidtrades : that would around 1% in rollover fees
[2016-12-25 05:58:13] arbitrage001 : j8: only 1.4% difference
[2016-12-25 05:58:14] rapidtrades : kinda sucky arb for all the exchange exposure
[2016-12-25 05:58:28] arbitrage001 : j8: potential profit a bit low for the risk
[2016-12-25 05:58:52] MrRGnome : I loved you in the west wing Jimmy!
[2016-12-25 05:59:03] rapidtrades : so only good if ur bullish on usd/cnh
[2016-12-25 05:59:38] arbitrage001 : shorting rmb and long usd is a dangerous trade
[2016-12-25 06:00:01] arbitrage001 : unless you are looking at 55+ premium
[2016-12-25 06:00:07] arbitrage001 : 5% +
[2016-12-25 06:00:10] j8 : 1.4% on btc.... you don't have negative exposure for it, that's harder to find than 5% on usd
[2016-12-25 06:01:00] arbitrage001 : shorting march future gives you 5%
[2016-12-25 06:01:07] j8 : on usd
[2016-12-25 06:01:13] j8 : you lose your long exposure
[2016-12-25 06:01:14] arbitrage001 : was 7% a few hours ago
[2016-12-25 06:01:49] j8 : you can do the china trade with leverage, without shorting btc
[2016-12-25 06:02:32] rapidtrades : also u have to factor in that not small chance of bitcoin restrictions in china
[2016-12-25 06:02:33] arbitrage001 : still new to trading yield
[2016-12-25 06:02:41] arbitrage001 : will obverse how things turn out
[2016-12-25 06:02:41] j8 : the odds are it will converge at least somewhat long before expiry
[2016-12-25 06:02:53] arbitrage001 : j8: are you sure
[2016-12-25 06:02:59] j8 : of course not
[2016-12-25 06:02:59] rapidtrades : in that scenario usd/cnh could be up but u could be down as chinese exchanges trade at discount to us
[2016-12-25 06:03:16] j8 : but it has some asymmetric risks that i like
[2016-12-25 06:03:34] rapidtrades : like a china ban sinking ur trade?
[2016-12-25 06:04:32] j8 : well, that's the downside risk
[2016-12-25 06:04:40] arbitrage001 : china ban will probably benefit what j8 suggest
[2016-12-25 06:04:45] laisee : wow. China gonna ban Bitcoin for the 288th time ...
[2016-12-25 06:05:02] arbitrage001 : when premiun turns discount
[2016-12-25 06:05:09] j8 : usdcny drops, and china is at a discount in march. i just think it's more likely to go the other way
[2016-12-25 06:05:22] j8 : if china dumps the west will follow
[2016-12-25 06:05:29] j8 : and i'll be fine
[2016-12-25 06:05:43] arbitrage001 : sound like a likely scenaro
[2016-12-25 06:05:51] j8 : if china pumps, the west might not keep up. like every other time
[2016-12-25 06:06:27] shery : bitmex seems to be behind
[2016-12-25 06:06:47] laisee : the madness of china trading community exceeds all others ...
[2016-12-25 06:07:54] laisee : wait until Trump bans chinese trading surplus with a single tweet ;-)
[2016-12-25 06:07:57] j8 : the really insane thing is how XBTH16 was 5-10 dollars about okc quarterly the last couple days.. there's no reason for that
[2016-12-25 06:08:08] j8 : *above
[2016-12-25 06:08:22] arbitrage001 : leverage here
[2016-12-25 06:08:37] arbitrage001 : bitmex appears to be leading price around the world
[2016-12-25 06:08:47] arbitrage001 : the rest of the world follows price here
[2016-12-25 06:09:38] laisee : I doubt futures here are driving any other markets, yet
[2016-12-25 06:09:40] j8 : nah, nobody's paying attention. well 643 people are, and none of them are whales
[2016-12-25 06:12:28] laisee : last true whale I saw was on just-dice.com in 2014, auto-betting 80BTC each roll of the dice
[2016-12-25 06:12:31] REKT : Liquidated long on `ETC7D`: sell 15100 @ 0.001253
[2016-12-25 06:14:27] j8 : if you're trading big, okcoin actually has higher leverage when you consider risk limits
[2016-12-25 06:15:07] shery : finex 876 , kaiko 874 why we are behind?
[2016-12-25 06:37:40] rapidtrades : where id everyone go
[2016-12-25 06:38:54] arbitrage001 : it is probably pass midnight in europe
[2016-12-25 06:38:54] micmix : pass out from too much eggnog
[2016-12-25 06:39:07] arbitrage001 : and western countries
[2016-12-25 06:41:35] micmix : this eggnog is awesome: http://www.jamieoliver.com/news-and-features/features/best-eggnog-recipe/
[2016-12-25 06:42:07] micmix : I tried many different recipes, this is the winner ^^^
[2016-12-25 06:58:02] REKT : Liquidated long on `XBTH17`: sell 40000 @ 917.18
[2016-12-25 07:01:25] shery : REKT: That was anice one
[2016-12-25 07:04:24] narnarfromnarnia : shery: how are you doing so far?
[2016-12-25 07:04:28] narnarfromnarnia : are you long?
[2016-12-25 07:05:14] shery : narnarfromnarnia: long on 870 seems to be in trouble
[2016-12-25 07:05:35] rapidtrades : man excel is such shit
[2016-12-25 07:05:50] rapidtrades : there's no even a drawdown function i had to hack in myself in VBA
[2016-12-25 07:05:53] rapidtrades : what a joke
[2016-12-25 07:06:56] REKT : Liquidated long on `XBTUSD`: sell 10018 @ 870.37
[2016-12-25 07:09:06] narnarfromnarnia : big buy orders being triggered here
[2016-12-25 07:09:11] narnarfromnarnia : shery:
[2016-12-25 07:22:58] ett1 : rapidtrades: huh
[2016-12-25 07:23:12] ett1 : thats easy just use MAX
[2016-12-25 07:23:23] ett1 : difference from MAX
[2016-12-25 07:24:17] rapidtrades : that's not going to work
[2016-12-25 07:24:59] ett1 : you cant calculate the maimum over some timeframe, and find the % difference
[2016-12-25 07:25:38] rapidtrades : like i said, it's not that simple
[2016-12-25 07:26:07] rapidtrades : u can try it out urself in excel and u'll see there are problems
[2016-12-25 07:27:10] ett1 : ive done peak to valley drawdowns for portfolios in a column
[2016-12-25 07:28:54] rapidtrades : then post the formula
[2016-12-25 07:31:08] ett1 : say you have the values in row A
[2016-12-25 07:31:14] ett1 : column A sorry
[2016-12-25 07:31:23] ett1 : in column B
[2016-12-25 07:31:28] ett1 : start the 2nd row
[2016-12-25 07:33:29] ett1 : =-MAXIMUM(($A$1:A2)-A2)/$A$1
[2016-12-25 07:33:32] ett1 : i think
[2016-12-25 07:33:57] ett1 : i sec ill check properly
[2016-12-25 07:34:55] ett1 : sorry i fucked that
[2016-12-25 07:37:35] ett1 : =-(1-B2/MAX(B$1:B2))
[2016-12-25 07:37:52] ett1 : put that in column C
[2016-12-25 07:37:58] ett1 : if A is date
[2016-12-25 07:38:06] ett1 : and B is price (or equity)
[2016-12-25 07:38:21] ett1 : put that in cell C2
[2016-12-25 07:38:27] ett1 : and drag it down
[2016-12-25 07:39:12] ett1 : (ive assumeed no title in row 1)
[2016-12-25 07:47:02] immackay : Bitmex admin here?
[2016-12-25 07:48:25] rapidtrades : ett1: doesn't work properly cos ur using a constant
[2016-12-25 07:48:39] rapidtrades : I need peak to valley drawdown
[2016-12-25 07:48:55] rapidtrades : im getting 30% when actual is 44%
[2016-12-25 07:49:24] rapidtrades : has to be VBAed i think
[2016-12-25 07:49:39] rapidtrades : anyway, need to get back to bed...thanks for the effort
[2016-12-25 07:54:02] rapidtrades : ett1: my bad, i rechecked and seems to work
[2016-12-25 07:54:13] rapidtrades : will look more closely tomorrow, thanks
[2016-12-25 08:00:29] ett1 : glad it works
[2016-12-25 08:04:31] REKT : Liquidated short on `XBTUSD`: buy 1000 @ 868.64
[2016-12-25 08:12:39] Turbo : dropping soon
[2016-12-25 08:17:03] shery : Drop is coming
[2016-12-25 08:23:33] shery : This drop would be big sub 850 might come on bitmex
[2016-12-25 08:32:39] aroraprav : stam 864
[2016-12-25 08:40:56] hh : dump dump!!
[2016-12-25 08:55:47] narnarfromnarnia : top positions are all increasing from here
[2016-12-25 08:55:55] narnarfromnarnia : 30min about to turn and it's on
[2016-12-25 08:56:06] narnarfromnarnia : at least for a small jump
[2016-12-25 08:56:16] dodic : either that or 800 lol
[2016-12-25 08:57:48] Turbo : shery: agreed
[2016-12-25 09:01:25] aethlios : https://www.tradingview.com/x/RhLbyzyt/ possible bottom fib 50%
[2016-12-25 09:02:41] narnarfromnarnia : check futures
[2016-12-25 09:02:45] narnarfromnarnia : shery:
[2016-12-25 09:02:50] narnarfromnarnia : aethlios:
[2016-12-25 09:03:13] shery : narnarfromnarnia: it will drop hard,, in few hours,
[2016-12-25 09:03:47] narnarfromnarnia : yes
[2016-12-25 09:04:01] narnarfromnarnia : but from here it's good signal for up to 880's then down a lot
[2016-12-25 09:04:10] shery : what u wanna sy
[2016-12-25 09:04:29] shery : narnarfromnarnia: Monday is ahead all dumps should be today, there isnt much time left
[2016-12-25 09:05:01] shery : narnarfromnarnia: I think we will see 850 on other exchanges 840 here and than uup
[2016-12-25 09:06:34] hh : dump incoming?
[2016-12-25 09:07:02] REKT : Liquidated long on `XBTZ16`: sell 10000 @ 860.66
[2016-12-25 09:07:06] REKT : Liquidated long on `XBTZ16`: sell 20000 @ 860.43
[2016-12-25 09:07:42] REKT : Liquidated long on `XBTUSD`: sell 15500 @ 864.86
[2016-12-25 09:07:47] REKT : Liquidated long on `XBTUSD`: sell 6050 @ 864.70
[2016-12-25 09:08:07] immackay : lol
[2016-12-25 09:08:26] ett1 : very quiet around now
[2016-12-25 09:08:39] immackay : weak dump though
[2016-12-25 09:08:55] ett1 : i think lots of longs got shaken from entering near 900
[2016-12-25 09:09:22] REKT : HODL HODL HODL!
[2016-12-25 09:09:22] REKT : Liquidated long on `XBTUSD`: sell 44 @ 863.85
[2016-12-25 09:10:23] immackay : probably
[2016-12-25 09:14:05] Nerve : OMG
[2016-12-25 09:14:17] Nerve : Wtf happend ???
[2016-12-25 09:14:27] Nerve : i just woke up...
[2016-12-25 09:15:09] Nerve : immackay: where is going ?
[2016-12-25 09:15:21] immackay : Nerve: probably down, but you never know
[2016-12-25 09:15:24] immackay : https://www.bfxdata.com/orderbooks/btcusd
[2016-12-25 09:15:25] shery : Nerve: sub 850
[2016-12-25 09:15:40] Nerve : Fuuuuckkkk
[2016-12-25 09:15:53] immackay : lmao at the bid/ask ratio on finex
[2016-12-25 09:16:32] Nerve : I'll be liq soon....
[2016-12-25 09:16:59] immackay : sell before you lose it all?
[2016-12-25 09:16:59] Nerve : wtf is wrong with the buyers ?
[2016-12-25 09:17:55] Nerve : 1,96 BTC just gone
[2016-12-25 09:18:24] Nerve : What a great Christamas morning
[2016-12-25 09:18:43] immackay : Nerve: you'll make it back man
[2016-12-25 09:19:01] imabeast : 1.96 is not that bad lol
[2016-12-25 09:19:13] imabeast : u literally need just one good trade to make it back
[2016-12-25 09:19:35] Nerve : You're right
[2016-12-25 09:20:14] imabeast : Nerve: as long as youre still in the game your solid
[2016-12-25 09:20:18] aroraprav : anything can happen ETH wall getting eaten on polo ...hahaha
[2016-12-25 09:22:22] Nerve : imabeast: you know, i wanted to close my positions last night when i was in profit...and woke up this mornong and see 1,96 BTC are gone if i close my position...
[2016-12-25 09:22:45] Nerve : "that feeling"....ouch !
[2016-12-25 09:23:08] mariomarco : Nerve: you longed btc ?
[2016-12-25 09:23:25] Nerve : mariomarco: yeah
[2016-12-25 09:23:39] imabeast : Nerve: yea it happens to the best of us... greed rekts
[2016-12-25 09:23:41] mariomarco : Nerve: bro the ta clearly showed that 905-900 is shoort
[2016-12-25 09:25:00] Nerve : i was in long from 900->916 ....and i didn't close at 916....
[2016-12-25 09:25:04] immackay : Nerve: I lost 4 btc (all my profit) longing on 900 a coupld days ago, I feel your loss man
[2016-12-25 09:25:24] mariomarco : Nerve: i know, i felt bad that i closed on 910 and watched it rise to 916 :D
[2016-12-25 09:25:26] Nerve : immackay: so i'm not alone LOL
[2016-12-25 09:25:43] Headroom : this is the trading wold... before to be the cryptocurrencies world... you r welcome :-/
[2016-12-25 09:25:43] Nerve : mariomarco: LOL
[2016-12-25 09:26:02] mariomarco : Nerve: ikr :D
[2016-12-25 09:26:48] Nerve : ok...what can we do to bring this fucckerrr on new hights ?
[2016-12-25 09:26:59] mariomarco : Nerve: nothing, short it like you stole it
[2016-12-25 09:27:20] Nerve : You suggest me to short now ?
[2016-12-25 09:27:24] mariomarco : shawt it like its hawt --Snoop D oh double G
[2016-12-25 09:27:34] mariomarco : Nerve: wel its crashing and ta says so
[2016-12-25 09:28:11] mariomarco : CCI RSI DMI, money flow...
[2016-12-25 09:28:17] Nerve : I'm sure is going down...more then 860
[2016-12-25 09:28:27] REKT : Liquidated long on `XBTUSD`: sell 1759 @ 863.04
[2016-12-25 09:28:46] Nerve : but 2morrow....maybe the will be diferent
[2016-12-25 09:28:56] mariomarco : we shall see
[2016-12-25 09:29:14] mariomarco : if theres any indication of a reversal we should know
[2016-12-25 09:29:24] mariomarco : ta is pretty good on btc when its active and liquid
[2016-12-25 09:30:32] Nerve : mariomarco: all signs show is going down more ?
[2016-12-25 09:31:32] mariomarco : Nerve: to me they are, i saved up 40% to buy more if theres an up correction, but i doubt it
[2016-12-25 09:32:06] mariomarco : Nerve: tbh true sign of short was 916ish
[2016-12-25 09:32:29] immackay : Nerve: yeah, we all lose at times
[2016-12-25 09:32:45] mariomarco : but i didnt listen to my own self, greed ....
[2016-12-25 09:33:11] mariomarco : the more i trade the more i believe in self balance as more important than anything
[2016-12-25 09:33:42] mariomarco : zen ...
[2016-12-25 09:33:46] mariomarco : enought ranting from em
[2016-12-25 09:33:47] mariomarco : me
[2016-12-25 09:34:00] Nerve : mariomarco: exactly as i ! Ok then....let's short this motherrfucker
[2016-12-25 09:34:26] narnarfromnarnia : Nerve: same boat man
[2016-12-25 09:34:37] narnarfromnarnia : that was my liq at 863.04
[2016-12-25 09:35:03] mariomarco : Nerve: just to add and then im finished, sleep and eating is very important in trading
[2016-12-25 09:35:15] shery : Ok are we touching 800 ?
[2016-12-25 09:35:17] REKT : Liquidated long on `XBTUSD`: sell 3700 @ 862.16
[2016-12-25 09:35:22] Nerve : narnarfromnarnia: why did you not listen to me and go to sleep ??? LOL
[2016-12-25 09:35:44] narnarfromnarnia : yea i know
[2016-12-25 09:35:52] inconspic : 840-830 seems like good support
[2016-12-25 09:35:59] ayy_lmao : lol my orderbook was at a different price
[2016-12-25 09:36:05] ayy_lmao : needed to refresh
[2016-12-25 09:36:43] mariomarco : narnarfromnarnia: id say its a good posibility, we needed a nice retrace if we want to see 1-2k
[2016-12-25 09:37:46] immackay : for some reason prices in the orderbook on bitmex keep not updating for me
[2016-12-25 09:37:51] shery : mariomarco: lets figure out the bottom first ,
[2016-12-25 09:43:41] Tr : Well wtf, according to the people yesterday the bottom was right after the dump, how come we did not bounce to 1000 yet
[2016-12-25 09:44:00] Headroom : "according to the poeple yesterday"
[2016-12-25 09:44:15] Headroom : many people here never traded in their life before to trade BTC or ?
[2016-12-25 09:44:30] Headroom : that's one of the typical error to make
[2016-12-25 09:45:20] Headroom : flee this market if you know nothing, it is maybe the most dangerous trading product atm
[2016-12-25 09:45:40] Headroom : you r the own master of your money, don't blame people please... or leave the trading world
[2016-12-25 09:46:02] Headroom : saying that because it seems a lot of people take it like a video game, you'll be broken soon
[2016-12-25 09:46:10] ayy_lmao : ^
[2016-12-25 09:46:37] immackay : "Trollbox"
[2016-12-25 09:46:40] ayy_lmao : trade your own ideas not others
[2016-12-25 09:46:44] immackay : why would you listen to advice from here?
[2016-12-25 09:46:50] Headroom : real advise from a real tradeder with years of experience...
[2016-12-25 09:46:57] Headroom : you know nothing about trading if you think I'm joking...
[2016-12-25 09:47:12] Headroom : ho god, time will teach you, good luck.
[2016-12-25 09:50:46] billz : 270k ETH sell wall on polo still holding
[2016-12-25 10:05:59] shery : 850 should holg
[2016-12-25 10:09:24] shery : silence in troll box
[2016-12-25 10:11:34] ett1 : im call a bottom on this
[2016-12-25 10:11:46] ett1 : no confirmtion tho
[2016-12-25 10:12:18] Yuppie : Actually I've got a question for a change: stop loss order should be executed oncw the reference price hits the stop?
[2016-12-25 10:12:35] Yuppie : or is it the market price?
[2016-12-25 10:12:59] ett1 : market price
[2016-12-25 10:13:05] odieoh : hitting your price target will trigger it, but it will then execute at market price
[2016-12-25 10:13:10] Yuppie : Thy
[2016-12-25 10:13:14] micmix : Yuppie: you have a choice of 3 prices to trigger: mark, last and index
[2016-12-25 10:13:27] micmix : there is dropdown
[2016-12-25 10:14:11] immackay : lol at all the holders of longs here
[2016-12-25 10:14:16] immackay : are you prepared
[2016-12-25 10:14:41] ett1 : still hopeful tbh
[2016-12-25 10:14:50] ett1 : share the mometum ran out tho
[2016-12-25 10:14:54] ett1 : shame
[2016-12-25 10:15:13] odieoh : I think it will test 800 before rebounding
[2016-12-25 10:15:59] Tr : why would rebound come
[2016-12-25 10:16:08] Tr : or btc entitled to go up forever
[2016-12-25 10:16:10] ett1 : immackay: looking to get back in or thrown in the towel on 1000
[2016-12-25 10:21:07] Yuppie : Do you know how much in the flow here are market makers vs. actual position traders? On BTC contracts...
[2016-12-25 10:21:46] ett1 : i dont think its possible to know
[2016-12-25 10:25:46] immackay : last ditch effort to spike
[2016-12-25 10:26:11] ett1 : immackay: you exited your positon?
[2016-12-25 10:26:25] immackay : ett1: which one?
[2016-12-25 10:26:40] immackay : I'm shorting around now
[2016-12-25 10:26:48] ett1 : i assumed you were riding long, did you short around 900
[2016-12-25 10:26:58] ett1 : ive been long, but stop near by
[2016-12-25 10:27:00] immackay : Nah, I was out for the last couple days
[2016-12-25 10:27:10] immackay : Kept watching the markets though
[2016-12-25 10:27:14] ett1 : considering where to adjust it. i think weve bottomed tho
[2016-12-25 10:27:15] immackay : been with family
[2016-12-25 10:27:21] ett1 : ah ok
[2016-12-25 10:27:41] ett1 : i forgto your email. btw
[2016-12-25 10:28:49] immackay : 5ht2@sigaint.org
[2016-12-25 10:29:47] ett1 : cheers, sorry i didit get in touch yet. will do
[2016-12-25 10:29:51] REKT : Liquidated short on `XBTUSD`: buy 1005 @ 865.56
[2016-12-25 10:30:37] immackay : ett1: all good, sounds good
[2016-12-25 10:30:42] immackay : busy times right now
[2016-12-25 10:32:05] immackay : and that wee spike is over
[2016-12-25 10:32:44] ett1 : im hoping this turns around for me. almost back to breakeven
[2016-12-25 10:32:55] ett1 : caught the 800 breakout but was adding ton the way up
[2016-12-25 10:33:02] ett1 : still healthy
[2016-12-25 10:33:13] ett1 : i have a plan for X000%
[2016-12-25 10:33:21] ett1 : if it gets there.
[2016-12-25 10:33:36] ett1 : just need to keep from falling below support this week
[2016-12-25 10:37:39] elmorte : Holy crap that dip yesterday on XBCZ16
[2016-12-25 10:38:24] immackay : elmorte: @Coconuter
[2016-12-25 10:38:33] elmorte : ohhhh
[2016-12-25 10:38:59] Coconuter : lol
[2016-12-25 10:39:00] elmorte : wait, he got affected by it, but he didn't cause it, right?
[2016-12-25 10:39:01] REKT : Liquidated short on `XBTUSD`: buy 20600 @ 867.03
[2016-12-25 10:39:16] Coconuter : i caused it
[2016-12-25 10:39:23] elmorte : market close?
[2016-12-25 10:39:31] Coconuter : didnt talked with the bots
[2016-12-25 10:39:33] Coconuter : prior
[2016-12-25 10:39:48] elmorte : oh....skynet became self-aware
[2016-12-25 10:39:54] Coconuter : lol
[2016-12-25 10:40:37] Yuppie : What did you do? Put in your whole position to sell at market?
[2016-12-25 10:41:06] Coconuter : yep but it had the orders on the book showing to me it would cover
[2016-12-25 10:41:24] Coconuter : it covered only first ones than it disappeared and went down
[2016-12-25 10:41:39] Coconuter : like magic
[2016-12-25 10:41:49] Yuppie : Thats why it wouöd be interesting how
[2016-12-25 10:41:58] Yuppie : much liquidity is "real"
[2016-12-25 10:42:29] Yuppie : They basically pulled their bids...
[2016-12-25 10:45:16] REKT : Liquidated short on `XBTUSD`: buy 222 @ 867.42
[2016-12-25 10:45:16] REKT : Have a bowl of chop-chop suey!
[2016-12-25 10:46:52] Yuppie : on BTC swap there is also this strange bot buying 1 USD to move the price mark
[2016-12-25 10:48:12] Coconuter : lets see if 880 breaks
[2016-12-25 10:48:51] immackay : Yuppie: sometimes that's just people
[2016-12-25 10:48:58] immackay : it shouldn't affect things
[2016-12-25 10:49:24] Tr : how can you break 880, its already been broken
[2016-12-25 10:49:49] Coconuter : upwards
[2016-12-25 10:49:53] Coconuter : pierce
[2016-12-25 10:50:12] Coconuter : its the resistance from higher highs here
[2016-12-25 10:50:25] Tr : ye sure
[2016-12-25 10:50:31] Tr : "buy the dip" they say
[2016-12-25 10:50:36] Tr : "going up from here"
[2016-12-25 10:51:38] shery : move is fake, it will dump more