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<< >> English 中文 Русский 한국어 日本語 Español Français [2017-01-04 04:41:28] brojo : that one was me [2017-01-04 04:41:35] brojo : funes @RektBitmex Jan 2 Liquidated Short position on XBTH17. Limit Buy order for 170000 @ 1105.77 created on http://www.bitmex.com [2017-01-04 04:41:36] brojo : so was that [2017-01-04 04:42:02] l3f : laisee: Haha since when [2017-01-04 04:42:16] brojo : ^^^hence why you done use leveraged shorting in a bull run like this [2017-01-04 04:43:02] Milkman : New high China [2017-01-04 04:43:05] laisee : since I got bored one day in 2015 [2017-01-04 04:43:52] imapotato : China must have stayed home from work today. [2017-01-04 04:43:57] imapotato : Just sitting at home trading btc. [2017-01-04 04:44:05] micmix : laisee: it's a bit dry, you can use some memes like the REKT [2017-01-04 04:44:33] laisee : yeah, could spice it up a bit with famous trading quotes and emoticonz [2017-01-04 04:44:44] l3f : laisee: like https://twitter.com/bitmexrekt [2017-01-04 04:44:45] l3f : ? [2017-01-04 04:45:09] micmix : laisee: animated gifs like it's 1999 [2017-01-04 04:45:19] laisee : saw your versio, l3f. looks nice with the 'color' [2017-01-04 04:45:41] l3f : I didn't even know yours existed when I wrote mine [2017-01-04 04:45:56] laisee : I wanted to use the <BLINK> setting but twitter can;t handle it ... :-( [2017-01-04 04:46:03] imapotato : does today's pump have no end? [2017-01-04 04:46:14] imapotato : What happened to the pullbacks? I only did 4x because of the pullbacks! [2017-01-04 04:46:20] laisee : ends in tears [2017-01-04 04:46:27] l3f : imapotato: there's going to be two more weeks of this [2017-01-04 04:46:32] l3f : until we hit 2k usd [2017-01-04 04:47:03] laisee : until CNY, then there will be massive selloff as people buy train tickets [2017-01-04 04:47:20] nOgAnOo : I need to deliquidate [2017-01-04 04:47:32] imapotato : >deliquidate wat [2017-01-04 04:47:58] QuantFocus : i have some positions i'd like to deliquidate too [2017-01-04 04:48:04] QuantFocus : can anyone time travel? [2017-01-04 04:48:11] laisee : time travel would be easier [2017-01-04 04:48:25] narnarfromnarnia : signals for sell all over the place [2017-01-04 04:48:37] imapotato : I would be doing extremely well if my 2 longs didn't get liquidated. [2017-01-04 04:48:46] imapotato : damn you and your risk aversion, bitmex [2017-01-04 04:48:53] QuantFocus : i'm with you @narnarfromnarnia, but the rest of the world isn't [2017-01-04 04:49:12] narnarfromnarnia : euphoric to the max right now [2017-01-04 04:49:15] QuantFocus : seems the delusional euphoria is strong with bitcoin crowd [2017-01-04 04:49:20] narnarfromnarnia : ya [2017-01-04 04:49:36] narnarfromnarnia : at least my liq price is way up there this time [2017-01-04 04:49:41] QuantFocus : I mean, there certainly are some fundamentals driving the rise [2017-01-04 04:49:44] narnarfromnarnia : short entry off by $5 bucks [2017-01-04 04:49:49] narnarfromnarnia : no big deal [2017-01-04 04:49:51] QuantFocus : but i think we're a little disconnected from them now [2017-01-04 04:49:56] laisee : markets can stay irrrational longer than you can stay liquid - "some guy" [2017-01-04 04:49:58] narnarfromnarnia : it'll come down fast i hope [2017-01-04 04:50:07] QuantFocus : laisee: yea, just some dude [2017-01-04 04:50:13] micmix : euphoria phase has not even started yet [2017-01-04 04:50:17] QuantFocus : no one really important [2017-01-04 04:50:27] narnarfromnarnia : micmix: for today this 15M wave ya [2017-01-04 04:50:32] laisee : he knew nothing about trading, ofc ... [2017-01-04 04:50:45] narnarfromnarnia : has to go back down rekt the longs and head back up or its back down to 900's or even 800's [2017-01-04 04:50:48] QuantFocus : just investing [2017-01-04 04:51:05] QuantFocus : micmix: come on man. you can't say that [2017-01-04 04:51:24] QuantFocus : when people are talking about $10,000 btc in may [2017-01-04 04:51:28] QuantFocus : every single day [2017-01-04 04:51:36] rapidtrades : homies pump this hoe [2017-01-04 04:51:45] QuantFocus : i mean shit, i'll take the yacht money [2017-01-04 04:51:48] QuantFocus : but i can't see it [2017-01-04 04:52:48] micmix : narnarfromnarnia: 15m chart is just noise [2017-01-04 04:52:50] QuantFocus : anyhow, you guys think LTC is going to get that love too? [2017-01-04 04:53:14] QuantFocus : second most liquid crypto, unless eth took that over [2017-01-04 04:53:18] QuantFocus : but it's up there [2017-01-04 04:53:19] narnarfromnarnia : micmix: ya with 50 dollar swings [2017-01-04 04:53:23] narnarfromnarnia : loud noise [2017-01-04 04:53:50] micmix : you're welcome to trade on 15m chart of course, I don't mind [2017-01-04 04:54:07] laisee : LTC boom +x days after BTC, people jump from speculating on one to other [2017-01-04 04:54:11] Alls : Hmm is it starting to go down time to sell? [2017-01-04 04:54:24] XXXX : narnarfromnarnia: you can stay in denial or ride the path of least resistance and go long. [2017-01-04 04:54:44] narnarfromnarnia : XXXX: just going to take this 25 dollar retrace [2017-01-04 04:54:47] narnarfromnarnia : thanks [2017-01-04 04:55:21] micmix : QuantFocus: euphoria phase is when even rational people FOMO [2017-01-04 04:55:32] micmix : we're not there yet imho [2017-01-04 04:55:55] QuantFocus : i dunno, i haven't seen much in the way of top calling [2017-01-04 04:56:03] QuantFocus : it's fairly sporadic [2017-01-04 04:56:13] XXXX : micmix: Euphoria will be when @narnarfromnarnia and @QuantFocus will FOMO long. [2017-01-04 04:56:31] micmix : first big holders have to sell their 1k stashes, then they have to buy back because of FOMO, then we can go down [2017-01-04 04:56:37] QuantFocus : how do you know i'm not already long? [2017-01-04 04:56:38] nOgAnOo : All time high for bitcoin, back down to 2 dollars from here. [2017-01-04 04:58:12] happy : nOgAnOo: oh? Really [2017-01-04 04:59:29] laisee : nOgAnOo: from 2^10 to 2^9 [2017-01-04 04:59:58] laisee : but u got the 2 part right [2017-01-04 05:03:59] elmorte : laisee: can I see the code for your rekt bot? I need more python examples [2017-01-04 05:04:02] johnny : bitcoin to the moon its gonna be hot price is goin up kids don't let it drop [2017-01-04 05:05:21] happy : Do i Buy now? Or should I wait for a little dip [2017-01-04 05:05:49] alejandromasari : who's selling 1 at a time [2017-01-04 05:05:52] alejandromasari : so late [2017-01-04 05:05:54] alejandromasari : so lame [2017-01-04 05:06:12] alejandromasari : happy: buy n hold [2017-01-04 05:06:16] REKT : Liquidated short on `XBTH17`: buy 200 @ 1124.94 [2017-01-04 05:06:31] imapotato : shorts continue to get rekt as always [2017-01-04 05:08:13] micmix : QuantFocus: I got it. We are in 'irrational exuberance" phase, next one is "total euphoria" and after that "delusional mania" [2017-01-04 05:08:38] laisee : elmorte: u have github handle? [2017-01-04 05:08:55] elmorte : no, let me make one [2017-01-04 05:09:21] REKT : Liquidated short on `XBTUSD`: buy 30 @ 1052.05 [2017-01-04 05:09:31] REKT : Liquidated short on `XBTH17`: buy 1000 @ 1129.94 [2017-01-04 05:09:33] laisee : brb [2017-01-04 05:09:46] REKT : Liquidated short on `XBCH17`: buy 4 @ 7995.7 :punch: :whale: [2017-01-04 05:10:01] REKT : Liquidated short on `XBTH17`: buy 20000 @ 1131.51 [2017-01-04 05:10:02] REKT : Liquidated short on `XBCH17`: buy 20810 @ 8014.4 [2017-01-04 05:10:02] REKT : Liquidated short on `XBTH17`: buy 13900 @ 1131.32 [2017-01-04 05:10:02] REKT : Liquidated short on `XBCH17`: buy 2500 @ 8012.0 [2017-01-04 05:10:02] REKT : Sell your house, sell your wife, sell your kids, BUY BITCOIN! [2017-01-04 05:10:18] imapotato : rip in pieces shorts [2017-01-04 05:10:21] l3f : RIP [2017-01-04 05:10:27] XXXX : why is BTC-e stuck in 3td gear while everyone is in 4th gear? [2017-01-04 05:10:31] imapotato : almost 1100 spot in china [2017-01-04 05:10:34] elmorte : laisee: elmorterage [2017-01-04 05:10:47] Alls : Rip in pepperoni [2017-01-04 05:10:57] micmix : finally 8k on XBCH17 [2017-01-04 05:11:02] QuantFocus : rest in piece in pieces? [2017-01-04 05:11:42] immackay : lol what the fuck is going on boys [2017-01-04 05:11:43] elmorte : I don't think btc-e can handle 4 digits [2017-01-04 05:11:51] evilminer : BTCC ALL TIME HIGH! [2017-01-04 05:12:40] imapotato : new ATH at BTCC confirmed [2017-01-04 05:13:02] REKT : Liquidated short on `XBTUSD`: buy 50 @ 1053.74 [2017-01-04 05:14:34] alejandromasari : BUBBLES [2017-01-04 05:14:35] imapotato : finex eating $1055 coins [2017-01-04 05:14:39] alejandromasari : WOOOOOOOOOOOOOOOOOOOO [2017-01-04 05:15:13] Gekko : Chinese gotta get their money out! [2017-01-04 05:15:53] imapotato : It appears that China does not manufacture brakes. [2017-01-04 05:16:17] REKT : Liquidated short on `XBTUSD`: buy 10 @ 1055.21 [2017-01-04 05:16:57] REKT : Liquidated short on `XBTUSD`: buy 1000 @ 1055.53 [2017-01-04 05:16:57] REKT : Liquidated short on `XBTUSD`: buy 1850 @ 1055.84 [2017-01-04 05:17:06] REKT : Liquidated short on `XBTUSD`: buy 25 @ 1055.98 [2017-01-04 05:17:17] REKT : Liquidated short on `XBTUSD`: buy 4570 @ 1055.99 [2017-01-04 05:17:24] alejandromasari : MOOOOOOOOOOOOOOOOOOOOOOOON TIME!! [2017-01-04 05:17:33] nOgAnOo : that was me [2017-01-04 05:17:36] nOgAnOo : Lost everything again [2017-01-04 05:17:38] XXXX : 7% premium on futures expiring after 3 months is hardly euphoria. Wake me up when the premium is close to 25% [2017-01-04 05:17:39] immackay : god damn [2017-01-04 05:17:47] Milkman : new high china [2017-01-04 05:17:53] imapotato : finex ate $1050 [2017-01-04 05:17:56] REKT : Liquidated short on `XBCH17`: buy 1820 @ 8037.9 [2017-01-04 05:17:59] imapotato : $1055* [2017-01-04 05:18:00] alejandromasari : XXXX: CORRECT [2017-01-04 05:18:07] REKT : Liquidated short on `XBTUSD`: buy 155 @ 1056.16 [2017-01-04 05:18:11] imapotato : china passed $1100 [2017-01-04 05:18:24] Milkman : china about to hit my line. might be the top [2017-01-04 05:18:30] l3f : aethlios has left the building [2017-01-04 05:18:44] imapotato : Milkman: or just a complete breakout when it goes through your line [2017-01-04 05:19:07] alejandromasari : 1150 [2017-01-04 05:19:10] alejandromasari : woooooooooooooooooo [2017-01-04 05:19:17] imapotato : jesus, finex already knocking at $1160 [2017-01-04 05:19:27] MikeHunt : woah [2017-01-04 05:19:28] imapotato : $1060* i suck at typing [2017-01-04 05:19:34] MikeHunt : just got back to pc and its off [2017-01-04 05:19:38] MikeHunt : glad i hedged that [2017-01-04 05:20:06] imapotato : 500 coins on finex at $1060. Might be tough to break if China doesn't pull us through it [2017-01-04 05:20:34] REKT : Liquidated short on `XBTUSD`: buy 1900 @ 1058.12 [2017-01-04 05:20:34] REKT : Liquidated short on `XBTUSD`: buy 1013 @ 1058.23 [2017-01-04 05:20:47] QuantFocus : might be brazil now [2017-01-04 05:21:00] narnarfromnarnia : just market makers [2017-01-04 05:21:07] KyllingLolsson : Made 117% [2017-01-04 05:21:22] alejandromasari : MikeHunt: How did you hedge [2017-01-04 05:21:32] evilminer : Listening to "Rocket" by Def Leppard. :-D [2017-01-04 05:22:06] imapotato : What song to play while breaking through ATH in the West? [2017-01-04 05:22:22] MikeHunt : alejandromasari: made a mini rocket xbt so march went up it'd cover the shorting [2017-01-04 05:22:50] imapotato : I'm thinking Kanye's Dark Fantasy [2017-01-04 05:23:02] REKT : Liquidated short on `XBTH17`: buy 25000 @ 1137.30 [2017-01-04 05:23:06] imapotato : "Can we get much higher? So hiiiiigh" [2017-01-04 05:23:28] imapotato : China flying. Finex is going to eat the $1060 coins. [2017-01-04 05:23:49] 24hourz : imapotato: https://soundcloud.com/crypt0bear/fomo "FOMO" [2017-01-04 05:24:03] alejandromasari : MikeHunt: smart boy [2017-01-04 05:24:20] alejandromasari : MikeHunt: you learned well from me [2017-01-04 05:24:37] alejandromasari : MikeHunt: you remembered we talked about hedging [2017-01-04 05:24:43] MikeHunt : alejandromasari: yes [2017-01-04 05:24:47] MikeHunt : alejandromasari: i thank you for that [2017-01-04 05:25:09] alejandromasari : MikeHunt: if you like what I taught you, tell others. [2017-01-04 05:25:13] alejandromasari : I will help them too. [2017-01-04 05:25:22] MikeHunt : alejandromasari: indeed [2017-01-04 05:25:28] imapotato : alejandromasari: help me I want to 100x my money by tomorrow [2017-01-04 05:25:35] anonymous123421 : Can you clue me in too? [2017-01-04 05:26:19] alejandromasari : imapotato: I dont do 100x [2017-01-04 05:26:34] imapotato : pffft then what good are you? :P [2017-01-04 05:27:20] Freewizard : and people now think its euphoria :) [2017-01-04 05:27:46] Freewizard : we are at Optimism ~ Belief phase to help lost people [2017-01-04 05:28:09] anonymous123421 : alejandromasari: plz gimme the monies [2017-01-04 05:29:37] m3s : bless BTC [2017-01-04 05:30:05] alejandromasari : any more shorts left? [2017-01-04 05:30:13] alejandromasari : dont ever short a bull market [2017-01-04 05:30:18] anonymous123421 : kek [2017-01-04 05:31:10] imapotato : >any more shorts left? Still a lot of open interest. [2017-01-04 05:31:19] Milkman : xbth17 premium $80 lolol [2017-01-04 05:31:28] XXXX : alejandromasari: there must be and should be shorts left. else we all would get ADLed for a tiny profit. [2017-01-04 05:31:42] alejandromasari : imapotato: open interest means longs are in in it too [2017-01-04 05:31:52] alejandromasari : buy to open sell to open [2017-01-04 05:31:59] immackay : I feel sorry for the person who bought @ 1600 CAD on kraken [2017-01-04 05:32:39] MikeHunt : immackay: woah [2017-01-04 05:32:42] qwerti : 60k sell going up... take muh contracts. [2017-01-04 05:32:55] qwerti : for the next leg up ofc [2017-01-04 05:32:57] imapotato : feels like a local top [2017-01-04 05:33:04] imapotato : qwerti: i see you [2017-01-04 05:33:17] qwerti : 60 @ 1135 plz [2017-01-04 05:33:18] qwerti : take em [2017-01-04 05:33:44] qwerti : local top [2017-01-04 05:33:45] anonymous123421 : what leverage x are you guys most comfortable with? [2017-01-04 05:34:03] imapotato : I get REKT with 50x longs twice. [2017-01-04 05:34:04] MikeHunt : 7.6k ? [2017-01-04 05:34:09] qwerti : 5x max [2017-01-04 05:34:13] imapotato : New plan is to ride out the full rally at 4x. [2017-01-04 05:34:17] XXXX : 10x [2017-01-04 05:34:18] MikeHunt : imapotato: usually the fees that nail you when doing that [2017-01-04 05:34:24] qwerti : ty for buys [2017-01-04 05:35:34] qwerti : rebuying 70k cheers :) [2017-01-04 05:36:10] MikeHunt : mr bollinger says this could drop to 7550 if im reading this right [2017-01-04 05:36:26] rapidtrades : John Bollinger? [2017-01-04 05:36:27] qwerti : probably [2017-01-04 05:36:37] rapidtrades : the creator of the Bollinger Bands? [2017-01-04 05:36:38] qwerti : it's too early in the year for this stuff to be sustianable [2017-01-04 05:36:39] m3s : MikeHunt: he forgets that bitcoin does 4-5 drives instead of usual 3 [2017-01-04 05:36:42] nOgAnOo : I feel so sick [2017-01-04 05:36:46] nOgAnOo : lost like 5 times in a row [2017-01-04 05:36:51] nOgAnOo : 300+ dollars [2017-01-04 05:36:54] nOgAnOo : and I am poor [2017-01-04 05:36:54] qwerti : protip: stop [2017-01-04 05:37:06] m3s : nOgAnOo: buy and hodl bitcoin [2017-01-04 05:37:16] nOgAnOo : I can't long bitcoin at this price man [2017-01-04 05:37:16] immackay : nOgAnOo: I lost $600 + $4000 profit a couple weeks ago [2017-01-04 05:37:17] m3s : dont tred [2017-01-04 05:37:22] rapidtrades : nOgAnOo: stop trading short-term idiot [2017-01-04 05:37:28] immackay : nOgAnOo: i've been out since then [2017-01-04 05:37:34] MikeHunt : m3s: ill be sure to remember that [2017-01-04 05:37:36] immackay : rapidtrades: I wish I had that advice two weeks ago [2017-01-04 05:37:44] immackay : but I know now [2017-01-04 05:37:44] nOgAnOo : I am actually at 0 right now overall [2017-01-04 05:37:48] nOgAnOo : I started out with 7x gains [2017-01-04 05:37:48] immackay : oh [2017-01-04 05:37:54] immackay : that is really depressing [2017-01-04 05:37:56] nOgAnOo : So I shouldn't be too sad [2017-01-04 05:38:03] rapidtrades : then f off [2017-01-04 05:38:04] nOgAnOo : I still have my girlfriend.. all my computers.. [2017-01-04 05:38:07] immackay : i'm sorry for your loss [2017-01-04 05:38:10] anonymous123421 : I'm making a small profit right now [2017-01-04 05:38:19] m3s : ETH holding like a rock [2017-01-04 05:38:20] Milkman : lets see how many china bots want to buy above 7650 cny [2017-01-04 05:38:27] imapotato : nobody cares about mETH [2017-01-04 05:38:28] nOgAnOo : this was my liquidation price right here.. 1055:99 [2017-01-04 05:38:36] narnarfromnarnia : immackay: i feel like the guy with 1 contract right now [2017-01-04 05:38:46] immackay : narnarfromnarnia: what's up [2017-01-04 05:38:47] narnarfromnarnia : lol [2017-01-04 05:38:56] narnarfromnarnia : rekt [2017-01-04 05:39:07] narnarfromnarnia : this pump got me [2017-01-04 05:39:37] anonymous123421 : Fist time I traded on here the leverage killed me, I'm way more conservative now [2017-01-04 05:40:08] narnarfromnarnia : it goes both ways [2017-01-04 05:40:09] narnarfromnarnia : but yeah [2017-01-04 05:40:11] immackay : narnarfromnarnia: ah yeah i'm just gonna wait three or four months and then play again [2017-01-04 05:40:22] immackay : made 4 btc with 100x leverage [2017-01-04 05:40:29] immackay : lost it all the next hour [2017-01-04 05:40:32] immackay : fucking gambling [2017-01-04 05:40:33] anonymous123421 : damn [2017-01-04 05:40:49] anonymous123421 : starting amount? [2017-01-04 05:40:54] immackay : 0.6 [2017-01-04 05:40:59] immackay : or something like that [2017-01-04 05:40:59] imapotato : I feel like I should put my entire stack into bitmex and ride out a 3x long eternally. [2017-01-04 05:41:20] rapidtrades : imapotato: im sure that plan is foolproof [2017-01-04 05:41:25] imapotato : lol [2017-01-04 05:41:38] anonymous123421 : Market will find a way eventually [2017-01-04 05:42:09] MikeHunt : i wonder were we are going [2017-01-04 05:42:52] anonymous123421 : If we have any BTC in 10 - 20 years we'll all be rich imo, this train has no breaks [2017-01-04 05:42:59] MikeHunt : 1100 highest or still 8k? [2017-01-04 05:43:12] imapotato : What's the "market cap" for silver? [2017-01-04 05:43:16] MikeHunt : train may have no breaks but the tracks dont always lead upwards [2017-01-04 05:43:30] anonymous123421 : It's a bumpy ride for sure [2017-01-04 05:43:42] MikeHunt : imapotato: precious metals are usually manipulated so may not be easy to value it [2017-01-04 05:44:00] MikeHunt : imapotato: but i highly recommend keeping at least 10% of ur worth in metals [2017-01-04 05:44:17] imapotato : Let me calculate... [2017-01-04 05:44:54] imapotato : Yeah, I'm right around 10% silver. [2017-01-04 05:45:37] MikeHunt : i think after this rally if i still have any money ill get a lump of silver [2017-01-04 05:45:39] MikeHunt : just cuz i can [2017-01-04 05:46:04] MikeHunt : thats what i like about it over gold is you can have a big rock without burning ur wallet [2017-01-04 05:46:21] MikeHunt : something to stare at on those rainy british days :/ [2017-01-04 05:46:24] imapotato : Same. [2017-01-04 05:46:25] imabeast : flash dump please [2017-01-04 05:46:26] imapotato : It's fun to hodl. [2017-01-04 05:48:09] MikeHunt : https://www.youtube.com/watch?v=Iz-8CSa9xj8 [2017-01-04 05:48:43] Milkman : i was telling my friend about BTC. he goes out and buys gold and silver instead. meh oh well [2017-01-04 05:48:46] Milkman : his loss [2017-01-04 05:49:07] imapotato : his safe, boring investment* [2017-01-04 05:49:08] Milkman : holding it was pretty cool though [2017-01-04 05:49:43] alejandromasari : Milkman: btc will be at parity with gold. [2017-01-04 05:49:50] MikeHunt : omg i search and there is a HODL hitler video... https://www.youtube.com/watch?v=yTupVFxDfII [2017-01-04 05:50:15] imapotato : alejandromasari: I read that BTC passed silver in market cap recently, but can't find a figure for the silver market cap myself to verify [2017-01-04 05:50:26] rapidtrades : kraken very volatile right now [2017-01-04 05:50:30] imapotato : Nice thing about BTC, though, is that we aren't going to find an asteroid loaded with bitcoins one day. [2017-01-04 05:50:37] imapotato : You never know when we'll find vast new supplies of PMs. [2017-01-04 05:50:47] anonymous123421 : ^^ Indeed [2017-01-04 05:50:52] QuantFocus : i know, prime ministers are all over the place [2017-01-04 05:50:54] QuantFocus : ample supply [2017-01-04 05:50:55] Milkman : china bots bought it back up to 7650 cny [2017-01-04 05:50:56] immackay : rapidtrades: yeah the spread has been a nightmare for the last day or two [2017-01-04 05:50:58] alejandromasari : imapotato: yup [2017-01-04 05:51:00] Milkman : om nom nom they be hungry [2017-01-04 05:51:25] imapotato : that wasn't a flash dump [2017-01-04 05:51:28] imapotato : that wasn't even much of a dip [2017-01-04 05:51:29] alejandromasari : people have objections to bitcoin [2017-01-04 05:51:35] alejandromasari : they say it can be banned [2017-01-04 05:51:40] alejandromasari : don't trust it [2017-01-04 05:51:43] Milkman : china ATH in a few hours if this doesnt dump [2017-01-04 05:51:43] rapidtrades : no we just can have a bunch of nerds arbitrarily decide to up the supply by 20 mil [2017-01-04 05:51:50] imapotato : >people have objections to bitcoin people have misunderstandings of bitcoin* [2017-01-04 05:51:52] rapidtrades : which do u think is more likely? [2017-01-04 05:51:52] imapotato : :) [2017-01-04 05:52:10] rapidtrades : I'm gonna bet on human stupidity [2017-01-04 05:52:55] Rado2 : imapotato: silver has way bigger market cap than bitcoin [2017-01-04 05:53:11] rapidtrades : actually bitcoin is now bigger [2017-01-04 05:53:17] imapotato : Rado2: source? Not doubting you, I genuinely want a source [2017-01-04 05:54:53] rapidtrades : http://bitcoinist.com/wp-content/uploads/2016/12/cap.jpg [2017-01-04 05:55:34] Rado2 : rapidtrades: this is bs [2017-01-04 05:55:51] Rado2 : How is this calculated? [2017-01-04 05:55:57] imapotato : rapidtrades: source on that number? [2017-01-04 05:56:05] rapidtrades : u tell me..go fact check it lazy [2017-01-04 05:57:19] MikeHunt : imo crypto is designed to destroy liberalism [2017-01-04 05:57:30] imapotato : https://www2.usgs.gov/faq/categories/9783/2520 [2017-01-04 05:57:43] j8 : i imagine it doesn't include silver in the ground, and on asteroids [2017-01-04 05:57:49] imapotato : Not sure how much of that silver is in a usable condition [2017-01-04 05:58:15] imapotato : But "silver discovered to date" would be about $916B [2017-01-04 05:58:51] imapotato : finex bulls are chewing at $1060 again [2017-01-04 05:59:26] QuantFocus : http://demonocracy.info/infographics/world/silver/silver.html [2017-01-04 05:59:35] Milkman : is that one of you guys shorting at 1137 on xbth17 [2017-01-04 06:00:40] QuantFocus : funding is getting juicy [2017-01-04 06:01:28] QuantFocus : oh here you go [2017-01-04 06:01:28] QuantFocus : http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/ [2017-01-04 06:01:31] QuantFocus : that one is better [2017-01-04 06:01:33] imapotato : QuantFocus: according to that, the "Silver in all existing forms, not just accessible/purchasable Silver Reserves" is worth about $409B [2017-01-04 06:01:55] Rado2 : QuantFocus: thanks, that makes a lot more sense [2017-01-04 06:02:10] QuantFocus : eh, second one is way outdated it appears [2017-01-04 06:02:14] imapotato : I think the problem is that the majority of silver isn't in counted reserves somewhere. [2017-01-04 06:02:39] imapotato : It's under people's mattresses, worn as jewelry, etc. [2017-01-04 06:02:42] Rado2 : Market cap is not about reserves [2017-01-04 06:02:49] imapotato : +1 [2017-01-04 06:03:08] Rado2 : A lot of bitcoins are lost, but still counted in the market cap [2017-01-04 06:03:17] imapotato : +1 [2017-01-04 06:03:27] QuantFocus : :+1: :whale: [2017-01-04 06:03:28] j8 : and none of them are "in reserves" [2017-01-04 06:03:50] alejandromasari : thanks to those who sold short to me at 1052 [2017-01-04 06:03:51] alejandromasari : lol [2017-01-04 06:04:50] Rado2 : alejandromasari: you better take profit soon [2017-01-04 06:05:14] alejandromasari : Rado2: you better let me manage my own trades thanks. [2017-01-04 06:05:31] QuantFocus : hah, you're going to get rekt hard [2017-01-04 06:05:36] Rado2 : alejandromasari: np, and see ya later [2017-01-04 06:05:44] QuantFocus : these are the lessons you noobs need to learn though [2017-01-04 06:05:55] alejandromasari : Rado2: thanks so much ;-) [2017-01-04 06:08:03] MrRGnome : QuantFocus: They'll learn it eventually. If not this bubble then the next. Chronic gamblers always lose eventually. [2017-01-04 06:09:05] QuantFocus : I know that feel [2017-01-04 06:09:11] QuantFocus : but now i'm in GA [2017-01-04 06:09:19] MrRGnome : Good for you man. [2017-01-04 06:09:43] QuantFocus : not really, but my trading strategies are entirely differnt [2017-01-04 06:10:13] QuantFocus : anyway, i'm out for a bit. you guys have fun [2017-01-04 06:10:25] MrRGnome : Yeah, if there is one thing this kind of volatility is good for it's teaching risk management skills the hard way. [2017-01-04 06:10:39] Milkman : bitmex must be making lots of money. these big orders are like $20 in fees [2017-01-04 06:13:37] brojo : i wonder how to see how much in fees ive paid [2017-01-04 06:13:40] brojo : i just started here a few days ago [2017-01-04 06:13:52] brojo : have been trading 100-200k block contracts [2017-01-04 06:13:56] Rado2 : Milkman: fees are $17k last 24 hr, but also they paid about 6k to makers [2017-01-04 06:14:10] j8 : download trade history and add it up @brojo [2017-01-04 06:14:43] brojo : where do i do that [2017-01-04 06:14:44] m3s : Milkman: let them make it the platform is the shit [2017-01-04 06:15:41] j8 : brojo: https://www.bitmex.com/app/tradeHistory there is a Save as CSV button [2017-01-04 06:15:58] alejandromasari : Rado2: how did you calculate the fees? [2017-01-04 06:16:09] weather b0y4 : delevereged for now, eneough profits for today =Z [2017-01-04 06:16:14] Gekko : At what point do the Chinese government decide to ban bitcoin as a ccy control measure...500 dollar flash crash?? [2017-01-04 06:16:37] Rado2 : 24h turnover on tge left under contract details [2017-01-04 06:17:01] brojo : the commission is that a real number or a % of the trade ammt [2017-01-04 06:17:19] Rado2 : brojo: real [2017-01-04 06:17:22] brojo : ok [2017-01-04 06:17:30] j8 : they make a bit less than 0.05% on volume because of affiliate payments [2017-01-04 06:17:32] brojo : they are all 0.00075 [2017-01-04 06:18:07] odieoh : well both the real amount and the % are listed- that is the percentage, then there should also be a number listed [2017-01-04 06:18:30] odieoh : .00075 is the % [2017-01-04 06:18:46] Rado2 : j8: right, i have one affiliate lol [2017-01-04 06:19:09] j8 : is she named Angelika by chance? [2017-01-04 06:19:19] Rado2 : No [2017-01-04 06:19:39] Rado2 : Someone signed up from my twitter l8nk [2017-01-04 06:19:55] j8 : i see. i have zero [2017-01-04 06:19:59] MikeHunt : Gekko: no need to ban, just take over it [2017-01-04 06:20:08] brojo : 0.058646 [2017-01-04 06:20:17] brojo : thats my fees or just all the percentages added [2017-01-04 06:20:27] brojo : i dont see the real number [2017-01-04 06:20:53] odieoh : you looking in trade history? [2017-01-04 06:21:19] brojo : yes [2017-01-04 06:21:33] MikeHunt : i noticed on the macd the crashes seem to be 4-5 days apart [2017-01-04 06:21:49] MikeHunt : that puts the next 1hr downcycle within the next 18 hours [2017-01-04 06:21:52] brojo : execComm is that the column? [2017-01-04 06:22:04] j8 : brojo: yeah execComm is in satoshis [2017-01-04 06:22:15] brojo : 45978665 [2017-01-04 06:22:32] odieoh : So "fee rate" is the percentage, and "fee paid" is the amount you paid. If the "fee paid" is a negative number, you actually were paid the fee. If it is a positive number, you paid that amount [2017-01-04 06:22:37] Rado2 : Fee paid is in xbt [2017-01-04 06:22:51] odieoh : yeah, in XBT not dollars [2017-01-04 06:23:31] alejandromasari : buy the dip [2017-01-04 06:23:36] Gekko : All it's gonna take is some kind of controls like they are doing for Property or Macau gambling and is horror show time [2017-01-04 06:24:00] MikeHunt : Gekko: link it with sesame credit and prevent sending bitcoin outside country [2017-01-04 06:24:05] alejandromasari : there will be a black swan event for bitchcoin [2017-01-04 06:24:09] alejandromasari : bitcoin* [2017-01-04 06:24:15] brojo : commission text execCost execComm [2017-01-04 06:24:25] brojo : which one of those columns is the real cost paid [2017-01-04 06:24:28] brojo : in fees [2017-01-04 06:24:33] brojo : the execcomm? [2017-01-04 06:24:35] j8 : execComm is [2017-01-04 06:24:39] j8 : it's in satoshis [2017-01-04 06:24:51] brojo : 45978665 is what ive done in 48 hours [2017-01-04 06:24:51] odieoh : Relative to the size of their economy, bitcoin is a raindrop. We'll see. [2017-01-04 06:25:14] brojo : thats 4.5 btc or .45 [2017-01-04 06:25:27] j8 : `execComm = round(execCost * commission)` [2017-01-04 06:25:31] Rado2 : .45 [2017-01-04 06:25:41] MikeHunt : odieoh: economy - debt = not good [2017-01-04 06:25:52] MikeHunt : 330% debt to gbp [2017-01-04 06:25:56] MikeHunt : gdp [2017-01-04 06:26:01] brojo : so about $450 in 48 hours [2017-01-04 06:26:12] MikeHunt : brojo: probably $600 [2017-01-04 06:26:22] MikeHunt : -> $900 [2017-01-04 06:26:36] odieoh : Oh I'm not arguing that their economy is in great shape, I just don't think BTC is on the radar yet (we're talking china, right?) [2017-01-04 06:26:40] MikeHunt : its gonna be a hard landing by looks of it [2017-01-04 06:27:03] MikeHunt : odieoh: well if they allow btc to flow capital out of the country it may grow out of their control [2017-01-04 06:27:15] MikeHunt : authoritarian countries usually act quickly in that manner [2017-01-04 06:27:55] odieoh : Yeah @mikehunt, but compared to the amount that is flowing out into real estate and other stuff. . .like I said, BTC is a drop in the bucket, and even that may be overstating it. [2017-01-04 06:28:43] Rado2 : Housing market in Vancouver is 800 bill [2017-01-04 06:28:47] MikeHunt : odieoh: the other stuff is easier to trace [2017-01-04 06:28:50] immackay : is the orderbook frozen again or is there nothing happening [2017-01-04 06:28:53] unicorns_rainbows : real estate is overvalued, nobody is buying. space is a better future [2017-01-04 06:29:25] Rado2 : unicorns_rainbows: tell this to Chinese buying properties here [2017-01-04 06:29:36] odieoh : Cuz how much of it is actually "flowing out" anyway- From what I understand, the Chinese love BTC as a way to gamble, and there's very little evidence that its actually being used as a way to preserve capital [2017-01-04 06:30:25] unicorns_rainbows : The chinese are gonna buy a shitload more property for pennies on the dollar once bitcoin moons. [2017-01-04 06:30:43] unicorns_rainbows : They will buy it with BTC that they already have. [2017-01-04 06:30:52] odieoh : The chinese don't care if real estate is overvalued, its a way to get out of their crappy currency [2017-01-04 06:31:08] laisee : Good thing we a real estate guy as Pres now, to sell lots of props to China ... /s [2017-01-04 06:31:18] alejandromasari : maybe vancouver mls agents will start accepting bitcoin for real estate lol [2017-01-04 06:31:54] odieoh : The chinese may be the very reason real estate is overvalued lol [2017-01-04 06:32:19] unicorns_rainbows : thats already happening in venzuela, its only a matter of time. I'm not selling land for fiat anytime soon, but maybe most people don't know that yet [2017-01-04 06:34:51] imapotato : Can I short real estate? [2017-01-04 06:37:43] imabeast : here comes the dippp [2017-01-04 06:39:14] imapotato : dip? [2017-01-04 06:39:23] imapotato : no brakes in the West, and a bull flag in China [2017-01-04 06:39:31] odieoh : You can kind of short real estate. Short REITs, [2017-01-04 06:39:42] laisee : elmorte: let me know ur g/hub handle [2017-01-04 06:39:43] Milkman : wish china would just break up and hit 8000 cny already [2017-01-04 06:40:20] MikeHunt : i dont think bubble will last more than a day or two [2017-01-04 06:40:23] MikeHunt : not without a correction [2017-01-04 06:40:25] Milkman : then whale puts 50,000 BTC buy wall at 8000 cny and continues pumping [2017-01-04 06:40:31] Milkman : good ol' power move [2017-01-04 06:40:56] MikeHunt : maybe i was right originally, this could scale to 80k [2017-01-04 06:41:03] MikeHunt : if china keeps buying [2017-01-04 06:41:09] MikeHunt : bots keep manipulating [2017-01-04 06:46:28] elmorte : laisee: elmorterage [2017-01-04 06:48:06] laisee : elmorte: https://github.com/laisee/rektbitmex/invitations [2017-01-04 06:48:23] MrRGnome : Just remember, people are going to take profit at some point. I know I am. If everyone does it at the same general time shit could go south fast. [2017-01-04 06:48:37] elmorte : laisee: cheers bud! [2017-01-04 06:49:06] alejandromasari : Rado2: 1080 by 11 am Ottawa time [2017-01-04 06:50:13] MikeHunt : MrRGnome: you suggesting shorting now? [2017-01-04 06:50:29] alejandromasari : MikeHunt: mike short but hedged also [2017-01-04 06:50:33] alejandromasari : just in case... [2017-01-04 06:50:40] MikeHunt : alejandromasari: yarp [2017-01-04 06:50:52] MikeHunt : rocket swap ready [2017-01-04 06:50:58] laisee : elmorte: np. its pretty basic, let me know any issues. [2017-01-04 06:53:23] alejandromasari : MikeHunt: [2017-01-04 06:54:07] MrRGnome : MikeHunt: I'm suggesting watch out for the fall. I'm net long, but starting to profit take which involves a few shorts. I'm probably going to profit take through ~1500 usd and keep the other 3/4 of my coins [2017-01-04 06:55:04] MikeHunt : MrRGnome: yeh im doing that as well, using a leveraged long swap to pull it up every now and again [2017-01-04 06:56:28] MrRGnome : I like using shorts here to lock in a price for profit taking on my long term held coins, earn some interest, and hedge my risk against a flash crash. [2017-01-04 06:56:48] MrRGnome : So yeah, if your context can benefit from it, I would say short here. [2017-01-04 06:56:59] MrRGnome : Not really a statement about whether I think it's going up or down. [2017-01-04 06:57:27] nOgAnOo : heading down it looks like [2017-01-04 06:57:57] MikeHunt : MrRGnome: you going to leverage as it falls? [2017-01-04 06:58:07] MikeHunt : MrRGnome: im just curious about getting deleraged thou [2017-01-04 06:58:11] MrRGnome : Nope, no leverage in this bubble for me [2017-01-04 06:58:11] MikeHunt : if i did that [2017-01-04 06:58:47] MrRGnome : I'm strictly arbing and collecting interest to hedge my risk against a flash crash [2017-01-04 06:58:52] MrRGnome : and it's all 1x no leverage [2017-01-04 06:58:54] narnarfromnarnia : nOgAnOo: daily is a solid go to 1140 [2017-01-04 06:58:57] narnarfromnarnia : then to 880 [2017-01-04 06:59:18] nOgAnOo : that makes sense [2017-01-04 06:59:32] nOgAnOo : I shorted far to early.. got rekt 5 times [2017-01-04 06:59:35] nOgAnOo : now I'm back in trying again [2017-01-04 06:59:36] nOgAnOo : lol [2017-01-04 07:00:21] brojo : i see a bullish pennant on btc/cy [2017-01-04 07:00:24] narnarfromnarnia : the market makers see every trade and will liquidate you [2017-01-04 07:00:31] narnarfromnarnia : only way to beat is lower leverage and hodl [2017-01-04 07:00:36] brojo : bet we see 7777 soon [2017-01-04 07:01:43] MikeHunt : MrRGnome: where you shorting xbt or march? [2017-01-04 07:01:59] MikeHunt : swaps or march9 [2017-01-04 07:02:00] MikeHunt : * [2017-01-04 07:02:38] MrRGnome : swap where I can earn the funding rate [2017-01-04 07:03:52] imapotato : finex almost done eating $1060 [2017-01-04 07:04:08] imapotato : 60 coins to go [2017-01-04 07:04:28] MrRGnome : If ever the funding rate turns against me significantly, I'll just close the position - at a loss if necessary - and cash out the appropriate amount of BTC to fiat to equate to the profit taking I locked in with my short and keep riding the ride with the rest of my coins [2017-01-04 07:05:05] MikeHunt : MrRGnome: im currently shorting xbth17, that bad? [2017-01-04 07:05:32] MrRGnome : Nothings bad. Anything can be justified in a given context or trading strategy. [2017-01-04 07:05:34] nOgAnOo : 7.50 above spot [2017-01-04 07:05:39] nOgAnOo : Interesting [2017-01-04 07:05:56] MrRGnome : What's good and what's bad are relative to you, your risk tolerance, etc [2017-01-04 07:06:18] MikeHunt : MrRGnome: funding rate is for the insurance pot? [2017-01-04 07:06:47] MrRGnome : MikeHunt: No. Funding rate is a transfer between buyers and sellers of the contract. [2017-01-04 07:06:56] MrRGnome : If the funding rate is positive, shorts get paid by longs [2017-01-04 07:07:05] MrRGnome : if the funding rate is negative, longs get paid by shorts [2017-01-04 07:07:26] MrRGnome : The goal is to encourage market support or resistance appropriate to keep the market price close tot he mark price. [2017-01-04 07:07:41] MrRGnome : The funding rate changes the more the market price here deviates from mark [2017-01-04 07:08:01] MikeHunt : MrRGnome: so in a flash crash it could go a lot higher? [2017-01-04 07:08:07] alejandromasari : MikeHunt: https://www.youngresearch.com/wp-content/uploads/2016/11/picking-up-nickels-in-front-of-a-steamroller.png [2017-01-04 07:08:12] alejandromasari : shorts be like... [2017-01-04 07:08:15] alejandromasari : ouch [2017-01-04 07:08:48] MrRGnome : In a flash crash, just like in a bull run now, you can expect significant mark and last traded price divergence. [2017-01-04 07:09:17] MrRGnome : Like right now it's 10 dollars higher here than the mark. As a result the next funding rate is almost as high as it can be [2017-01-04 07:11:49] MikeHunt : MrRGnome: i saw the funding rate flicker to 3.6% which is why i asked [2017-01-04 07:11:58] MikeHunt : it was very quick and then back [2017-01-04 07:12:15] MrRGnome : just hover over it