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.
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<< >> English 中文 Русский 한국어 日本語 Español Français [2017-01-05 05:27:40] Speran49 : well coded bot i guess [2017-01-05 05:27:50] Speran49 : i spent 100s of hours coding bots, but never had a consistently profitable one [2017-01-05 05:27:50] 24hourz : ballsey bot lol [2017-01-05 05:27:53] rapidtrades : micmix: 'this rally' since when [2017-01-05 05:28:02] imapotato : Are we going to do the predictable $30-$40 dip at 8887? [2017-01-05 05:28:12] micmix : since middle of december [2017-01-05 05:28:17] chromaticcr1 : good luck with 96401 @ 1166.79 [2017-01-05 05:28:21] rapidtrades : ok [2017-01-05 05:28:32] rapidtrades : that's a lot of books [2017-01-05 05:29:26] rapidtrades : yuan at 6.82 now [2017-01-05 05:29:34] imabeast : whoever is shorting right now u are out of your mind [2017-01-05 05:29:42] immackay : imabeast: i know I am [2017-01-05 05:29:50] imabeast : where u short from [2017-01-05 05:29:51] cookielito : I dont see why xbth17 [2017-01-05 05:29:51] imabeast : lol [2017-01-05 05:29:52] rapidtrades : well yuan moves say rally is BS [2017-01-05 05:29:58] cookielito : isnt being bought up like crazy [2017-01-05 05:30:00] MrRGnome : yep I'm short, it's a good hedge against my holdings [2017-01-05 05:30:16] immackay : sadly, 1160 or so [2017-01-05 05:30:17] imabeast : immackay: @MrRGnome goodluck to u both [2017-01-05 05:30:29] cookielito : godspeed gentlemen [2017-01-05 05:30:37] immackay : jumped on that funding train and didn't get out fast enough [2017-01-05 05:30:38] imapotato : >Are we going to do the predictable $30-$40 dip at 8887? [2017-01-05 05:30:47] MrRGnome : I'm net long overall, but short here [2017-01-05 05:30:48] imabeast : next leg up will be soon [2017-01-05 05:30:52] rapidtrades : http://news.forexlive.com/!/hk-offshore-yuan-overnight-borrowing-rate-fixed-at-its-highest-since-12jan2016-20170105 [2017-01-05 05:30:58] immackay : imapotato: potentially [2017-01-05 05:31:05] immackay : I wouldn't know [2017-01-05 05:31:22] rapidtrades : Hong Kong's offshore yuan overnight borrowing rate (HIBOR) has been fixed at 38.335% [2017-01-05 05:31:27] rapidtrades : that's gotta sting the shorts [2017-01-05 05:32:01] cookielito : rapidtrades: where do you see that? [2017-01-05 05:32:21] rapidtrades : in the link I JUST POSTED [2017-01-05 05:32:21] rms : can anyone recommend an iphone alarm app that will work for bitmex futures? [2017-01-05 05:32:33] javierstone : rapidtrades: hahahahaha [2017-01-05 05:32:49] immackay : rapidtrades: don't you love the trollbox? [2017-01-05 05:33:18] rapidtrades : I love some parts of it.... [2017-01-05 05:33:26] rapidtrades : not this part tho >>> @cookielito [2017-01-05 05:33:40] javierstone : i'd love to know the ages of everyone [2017-01-05 05:33:53] javierstone : and like yearbook photos [2017-01-05 05:33:53] cookielito : rapidtrades: Thanks [2017-01-05 05:33:57] Speran49 : probably 20 to 30s i bet [2017-01-05 05:33:58] immackay : 12 [2017-01-05 05:34:01] Speran49 : all male [2017-01-05 05:35:42] micmix : this is me: http://imgur.com/a/yBiKj [2017-01-05 05:36:07] immackay : hey that's me too [2017-01-05 05:36:23] MikeHunt : Speran49: are you volunteering to be the *pantomime* *dame* ? [2017-01-05 05:36:40] imapotato : higher highs in china [2017-01-05 05:37:04] Speran49 : @mikehunt lol [2017-01-05 05:37:12] MrRGnome : almost 8888!!! [2017-01-05 05:37:14] Speran49 : MikeHunt: lol [2017-01-05 05:37:14] imapotato : I think this one might touch 8888 (or 8887 and dip) [2017-01-05 05:37:40] Speran49 : i think im going to go eat a shoe [2017-01-05 05:38:08] Papou : late 20's here [2017-01-05 05:41:43] rms : xbth17 sell side order book here disappeared? [2017-01-05 05:42:03] Gekko : No sellers left [2017-01-05 05:42:10] Gekko : oh dear [2017-01-05 05:42:32] rapidtrades : loool yuan at 6.81 [2017-01-05 05:42:48] chromaticcr1 : Gekko: look at BTCC pro before you say that [2017-01-05 05:43:02] immackay : what is bitstamp doing [2017-01-05 05:43:04] immackay : holy shit [2017-01-05 05:43:16] MrRGnome : 8877 hoobs [2017-01-05 05:44:03] MrRGnome : 8885 it going to bounce off 8888 or explode upwards? [2017-01-05 05:44:11] immackay : did okcoin hit 8886? [2017-01-05 05:44:20] m3s : stamp just chilling [2017-01-05 05:44:42] MrRGnome : immackay: my chart says so [2017-01-05 05:44:43] l3f : m3s: they ran out of money days agio [2017-01-05 05:44:48] imabeast : close your shorts... [2017-01-05 05:44:52] imabeast : while u still have the chance [2017-01-05 05:44:53] imabeast : lmao [2017-01-05 05:44:58] chromaticcr1 : 8888 done on huobubu [2017-01-05 05:45:09] m3s : l3f: the buyers on the platform? [2017-01-05 05:45:15] MrRGnome : 8888 hit at okcasino [2017-01-05 05:45:17] l3f : m3s: there's no margin on stamp [2017-01-05 05:45:39] evilminer : 8888 tagged. [2017-01-05 05:45:42] m3s : l3f: in 2017 if papa SEC allows it [2017-01-05 05:45:48] evilminer : Party is over! [2017-01-05 05:45:48] m3s : l3f: or the eu equivalent [2017-01-05 05:46:27] rms : 8888 ! [2017-01-05 05:47:08] immackay : cool, short got closed and didn't lose all my money [2017-01-05 05:47:10] immackay : happy me [2017-01-05 05:47:34] MikeHunt : lucky [2017-01-05 05:47:49] MikeHunt : cant wait for big dip [2017-01-05 05:47:54] MikeHunt : cheap coins to feed my long [2017-01-05 05:48:11] rapidtrades : there are no new money anymore as u can see from the stamp lags [2017-01-05 05:48:26] MikeHunt : bitstamp is irrelevant [2017-01-05 05:48:26] m3s : shouldnt this correct at least for a day? [2017-01-05 05:48:32] MikeHunt : only problem is its buggering up the premiums [2017-01-05 05:48:40] immackay : m3s: throw all reason out the window [2017-01-05 05:48:41] MikeHunt : m3s: only if blackswan [2017-01-05 05:48:49] m3s : immackay: yeah i know [2017-01-05 05:48:49] rapidtrades : MikeHunt: ur mom is irrelevant yet i still pay her $5 [2017-01-05 05:49:04] immackay : yeah, seriously, can we get a different index/mark here? [2017-01-05 05:49:07] immackay : stamp is lame [2017-01-05 05:49:10] rapidtrades : NO [2017-01-05 05:49:12] MikeHunt : rapidtrades: your ignorance causes you frustration which you take out on others rather than spending such energy on educating yourself [2017-01-05 05:49:22] thomaskikansha : $25 premium on swap wow [2017-01-05 05:49:42] rapidtrades : its $29 [2017-01-05 05:49:57] MikeHunt : prem exists so china can capital fly [2017-01-05 05:50:05] MikeHunt : no prem no fly [2017-01-05 05:50:12] m3s : immackay: shitcoins seem like a sure bet at the moment. they barely budge when price moved 100$ and should rally when a correction happens [2017-01-05 05:50:27] immackay : m3s: yeah I think I might put more money into polo [2017-01-05 05:50:31] thomaskikansha : stamp just lagging too much [2017-01-05 05:50:45] immackay : seeing as how I can't even buy a 3x long atm on swap [2017-01-05 05:50:52] rapidtrades : it's not lagging anything dummy [2017-01-05 05:51:08] rapidtrades : ur all fomoing on margin like idiots [2017-01-05 05:51:53] m3s : thomaskikansha: maybe cause EU still asleep [2017-01-05 05:52:14] immackay : oh wait yes I can i'm just retarded [2017-01-05 05:52:37] immackay : oh sad [2017-01-05 05:52:41] immackay : why didn't I hold my short [2017-01-05 05:52:43] immackay : fuck [2017-01-05 05:52:46] immackay : oh well [2017-01-05 05:53:34] Speran49 : come on $30 dump [2017-01-05 05:53:36] Speran49 : COME ONNNN [2017-01-05 05:53:37] rms : so... london banks open soon? [2017-01-05 05:53:54] Speran49 : i seriously need it down below 1150 to exit this accursed short [2017-01-05 05:56:05] MikeHunt : Speran49: didnt we tell u earlier not to do that? [2017-01-05 05:56:16] j8 : looks like the insurance fund for the swap is empty [2017-01-05 05:56:49] Speran49 : lol' [2017-01-05 05:56:57] Speran49 : MikeHunt: i been in this short for like 4 hrs [2017-01-05 05:57:00] MikeHunt : j8: wen this dumps, get out of town [2017-01-05 05:57:05] MikeHunt : Speran49: bad idea [2017-01-05 05:57:10] MikeHunt : Speran49: whats ur RoE? [2017-01-05 05:57:21] j8 : but the dumps are the most fun [2017-01-05 05:57:29] Speran49 : MikeHunt: .09 xbt atm [2017-01-05 05:57:44] MikeHunt : Speran49: how many btc did you short with? [2017-01-05 05:57:55] arbitrage001 : j8: the insurance fund is gone? [2017-01-05 05:58:02] Speran49 : MikeHunt: :| 25 [2017-01-05 05:58:06] rowrow : how do you check the fund? [2017-01-05 05:58:14] arbitrage001 : cuz the liqudation price didnt move? [2017-01-05 05:58:16] j8 : well the liquidations are just sitting there now, normally they get pushed into the book [2017-01-05 05:58:24] arbitrage001 : j8: i see [2017-01-05 05:58:27] MikeHunt : Speran49: leverage? [2017-01-05 05:58:27] Speran49 : MikeHunt: oh my ROE is -40% [2017-01-05 05:58:33] rowrow : but if someone buys it, it disappears as well i believe [2017-01-05 05:58:33] Speran49 : MikeHunt: 50x [2017-01-05 05:58:35] arbitrage001 : so, everyone trading swap is affected now [2017-01-05 05:58:38] MikeHunt : Speran49: jesus [2017-01-05 05:58:52] REKT : Liquidated short on `XBTH17`: buy 2551 @ 1313.76 [2017-01-05 05:58:53] arbitrage001 : bitmex needs to take measure before things go out of propotion [2017-01-05 05:59:14] MikeHunt : Speran49: swap or march contract? [2017-01-05 05:59:20] Speran49 : MikeHunt: i doubled my money the other day. Deposited that backt o my bank acct and ive just been playing iwth my winning. No biggie. I'm learning a few things. [2017-01-05 05:59:30] MikeHunt : arbitrage001: bitmex wasnt around for 2013 bubble was it? [2017-01-05 05:59:37] Speran49 : MikeHunt: swap [2017-01-05 05:59:58] Speran49 : MikeHunt: only reason this thing is still on is becasue of the messed up mark price on swaps [2017-01-05 06:00:30] MikeHunt : Speran49: i learnt the hard way shorting as well [2017-01-05 06:00:35] MikeHunt : Speran49: albeit not so heavily [2017-01-05 06:00:43] Speran49 : MikeHunt: its not a ton of money lol [2017-01-05 06:00:49] MikeHunt : Speran49: only benefit from holding your position is the interest you get [2017-01-05 06:01:08] Speran49 : MikeHunt: well if it comes back down and i exit then it's not so bad either [2017-01-05 06:01:13] MikeHunt : Speran49: but since its 50x ur gonna get liq imo [2017-01-05 06:02:04] Speran49 : MikeHunt: mark is sitting at 1146. Constantly drops fast. Something odd is going on. Also this rally wasn't as strong. I think well see a pullback at least to 1150 so i can exit this [2017-01-05 06:02:22] Papou : it will retrace to low 1000 or 900's [2017-01-05 06:02:29] Papou : before we pump in a few months to 1500+ [2017-01-05 06:02:34] MikeHunt : Speran49: imo this could go as high as 10k usd [2017-01-05 06:02:38] Speran49 : MikeHunt: look at how at least on bitmex it was on declining volume [2017-01-05 06:02:44] jedisatoshi : is everyone unable to request withdraw right now? [2017-01-05 06:02:48] MikeHunt : Speran49: bitmex is in decline anyways [2017-01-05 06:02:53] rapidtrades : GUYS WE'RE GOING TO 10K [2017-01-05 06:02:56] MikeHunt : Speran49: after hack they've been on the way out [2017-01-05 06:03:02] mutato : are the books always this spready? [2017-01-05 06:03:06] Speran49 : MikeHunt: what do ppl use instaed? [2017-01-05 06:03:19] Speran49 : MikeHunt: and yeah i know. My company is long bitcoin and owns around 30 or so. [2017-01-05 06:03:22] rapidtrades : he means bitfinex not bitmex [2017-01-05 06:03:22] MikeHunt : Speran49: typically china buys at okc/huobi then dumps on western exchanges [2017-01-05 06:03:33] XBTXBTXBT : I love the 3 year cup and handle [2017-01-05 06:03:41] MikeHunt : Speran49: hence the prem. [2017-01-05 06:03:49] imapotato : no dump at 8887? [2017-01-05 06:03:50] imapotato : moon time [2017-01-05 06:04:32] Speran49 : MikeHunt: interesting [2017-01-05 06:06:34] cookielito : So, I just had withdrawals disabled on my account [2017-01-05 06:06:37] cookielito : wtf? [2017-01-05 06:06:47] MikeHunt : cookielito: ? [2017-01-05 06:06:54] MikeHunt : cookielito: we all locked in? [2017-01-05 06:07:11] cookielito : I dont know [2017-01-05 06:07:15] javierstone : cookielito: i just got one confirmed at 12:20 [2017-01-05 06:07:17] MikeHunt : cookielito: error message? [2017-01-05 06:07:26] cookielito : Withdrawals have been temporarily disabled on this account. Please contact support. [2017-01-05 06:07:40] MikeHunt : cookielito: have you withdrawn a lot lately? [2017-01-05 06:07:50] cookielito : not too much [2017-01-05 06:07:54] cookielito : twice today [2017-01-05 06:08:15] javierstone : ha thats prolly alot [2017-01-05 06:08:47] cookielito : whatever [2017-01-05 06:09:09] javierstone : i like that they send "all withdrawls byhand" [2017-01-05 06:09:16] javierstone : makes me think there's some orchard where they pick them [2017-01-05 06:10:05] cookielito : ok [2017-01-05 06:10:11] cookielito : support@bitmex.com [2017-01-05 06:10:11] cookielito : ? [2017-01-05 06:10:14] jedisatoshi : I just submitted a ticket [2017-01-05 06:10:39] jedisatoshi : I am unable to withdraw at this time is it due to maint or something? [2017-01-05 06:11:06] jedisatoshi : cookielito: I am getting the same thing glad to see its not just me [2017-01-05 06:11:31] elmorte : wow, CNH up to 6.82 [2017-01-05 06:11:35] BitMEX_Arthur : jedisatoshi: Can you send a screenshot of what you are seeing to support@bitmex.com [2017-01-05 06:11:45] cookielito : sent [2017-01-05 06:11:50] jedisatoshi : BitMEX_Arthur: yes sir [2017-01-05 06:12:27] elmorte : j8: how are you doing man? [2017-01-05 06:12:41] rowrow : BitMEX_Arthur: are there any updates on the funding rate cap? if my thinking is correct, it's quite a major problem [2017-01-05 06:12:55] j8 : elmorte: pretty great start to the year [2017-01-05 06:13:10] elmorte : end of the last one too! [2017-01-05 06:13:31] REKT : Liquidated short on `REP7D`: buy 1068 @ 0.004572 [2017-01-05 06:13:38] MKARAMI : What do you think about the closing point of today? [2017-01-05 06:13:48] elmorte : j8: any way to pick your brain on some python questions? [2017-01-05 06:13:56] j8 : sure [2017-01-05 06:14:21] 2102 : No withdraw available!! Why??? [2017-01-05 06:14:26] MKARAMI : Do you have any guess? [2017-01-05 06:14:51] BitMEX_Arthur : rowrow: No updates as nothing will be happening without a large notice period. [2017-01-05 06:14:55] jedisatoshi : BitMEX_Arthur: I just sent the support ticket with the screenshot [2017-01-05 06:14:58] BitMEX_Arthur : Thanks [2017-01-05 06:15:03] elmorte : j8: my questions are quite noobish...any way to contact you privately? [2017-01-05 06:15:19] jedisatoshi : BitMEX_Arthur: Thank you for responding so quickly! [2017-01-05 06:15:35] QuantFocus : BitMEX_Arthur: would an increase in funding rate be associated with a decrease in leverage allowed? [2017-01-05 06:15:42] QuantFocus : sorry if you already answered [2017-01-05 06:16:13] j8 : elmorte: i could go on irc i guess, probably going to bed soon though [2017-01-05 06:16:22] 2102 : Withdrawal are currently disabled! Arthur why? [2017-01-05 06:16:34] BitMEX_Greg : 2102: We are looking into it [2017-01-05 06:17:09] elmorte : j8: I'm there, elmo_irc [2017-01-05 06:17:14] elmorte : appreciate it [2017-01-05 06:17:18] BitMEX_Arthur : 2102: Don't worry we rolled out a function to help us better track withdrawals, we are fixing it now. Your coins are safe [2017-01-05 06:17:44] l3f : Better not gox me [2017-01-05 06:18:22] jedisatoshi : BitMEX_Arthur: I wasnt too worried I love Bitmex! Thank you for your help! [2017-01-05 06:18:31] MikeHunt : BitMEX_Arthur: safe *with* *us* ? ;) [2017-01-05 06:18:48] QuantFocus : l3f: lol [2017-01-05 06:18:49] elmorte : it's a multisig wallet [2017-01-05 06:18:50] BitMEX_Greg : l3f: Short the potential fall out here with 100x. (kidding, everything is fine) [2017-01-05 06:18:57] mariomarco : is anybody else seeing the bug with orders on chart [2017-01-05 06:19:05] 2102 : Thanks. [2017-01-05 06:19:12] BitMEX_Greg : mariomarco: What bug do you see? [2017-01-05 06:19:14] rowrow : there appears to be a liquidation that's been sitting there for 20 minutes [2017-01-05 06:19:15] mariomarco : orders are not show on chart or are still displayed after they are canceled [2017-01-05 06:19:22] l3f : BitMEX_Greg: Shorting a bitcoin rally is the last thing I'd do [2017-01-05 06:19:37] elmorte : can't rally forever [2017-01-05 06:19:47] MikeHunt : BitMEX_Greg: how long do you guys expect 160btc to last when this dumps? [2017-01-05 06:19:54] rms : shorting a bitcoin rally to make more bitcoins... on a hypothetical exchange that lost all the bitcoins. let's do it! [2017-01-05 06:20:14] BitMEX_Greg : MikeHunt: Where do you get the 160btc number from [2017-01-05 06:20:22] elmorte : Don't worry, you get mexcoins in compensation [2017-01-05 06:20:26] elmorte : They can call them...pesos [2017-01-05 06:20:30] BitMEX_Greg : haha [2017-01-05 06:20:31] QuantFocus : hahahah [2017-01-05 06:20:32] mariomarco : elmorte: lolo [2017-01-05 06:20:40] MikeHunt : lol [2017-01-05 06:20:44] MikeHunt : BitMEX_Greg: insurance fund? [2017-01-05 06:20:57] BitMEX_Greg : Ah right, it is split between different contracts [2017-01-05 06:21:10] BitMEX_Greg : Once it runs out, then if the liquidations are not filled then ADL will occur [2017-01-05 06:21:34] MikeHunt : BitMEX_Greg: so probably not long then? [2017-01-05 06:21:52] BitMEX_Greg : We haven't had any ADL on the way up btw [2017-01-05 06:22:08] MikeHunt : BitMEX_Greg: i think you will on the way down when the panic sets in [2017-01-05 06:22:10] mariomarco : MikeHunt: are there any problem with liquidations? [2017-01-05 06:22:26] immackay : meanwhile my altcoin account is doing better than this one [2017-01-05 06:22:28] immackay : god damnit [2017-01-05 06:22:29] MikeHunt : BitMEX_Greg: its the titanic & lifeboats analogy , 16 wasnt enough there, 160 wont be here imo [2017-01-05 06:22:43] immackay : why did december have to be so bad for me [2017-01-05 06:22:44] mariomarco : lool [2017-01-05 06:22:58] immackay : thanks china [2017-01-05 06:22:59] mariomarco : immackay: yuore not alone bro [2017-01-05 06:23:09] MikeHunt : there will be a black swan at some point, its inevitable [2017-01-05 06:23:12] MikeHunt : same with iceberg thingie [2017-01-05 06:23:16] rowrow : so status of withdrawals is that they are or aren't working at the moment? [2017-01-05 06:23:18] BitMEX_Greg : MikeHunt: Perhaps, who knows until it happens. We have quite good liquidity here. It's better than the DPE however [2017-01-05 06:23:19] immackay : made 4 btc in a day, lost it all.... kill me [2017-01-05 06:23:23] Speran49 : i lost 6k trading in my normal market acct cause of december shenanigans [2017-01-05 06:23:45] Speran49 : i think something was going on with the planets and magnetic fields. Idk anyone that made money. [2017-01-05 06:23:49] MikeHunt : BitMEX_Greg: so basically its ok until its not? LOL [2017-01-05 06:23:52] BitMEX_Greg : rowrow: We rolled out a fix earlier to track withdrawals and must have hit the wrong switch. We are on the solution now [2017-01-05 06:23:59] javierstone : Speran49: its mercury in retrograde [2017-01-05 06:24:01] rowrow : k [2017-01-05 06:24:05] immackay : I'm down at 0.01 in this account now [2017-01-05 06:24:09] immackay : put it all on long [2017-01-05 06:24:13] immackay : let's do it [2017-01-05 06:24:38] mariomarco : 100x You Only Leverage Once [2017-01-05 06:24:40] mariomarco : YOLO [2017-01-05 06:24:46] Speran49 : something tells me Immackay youre not using proper risk management [2017-01-05 06:25:00] Speran49 : never trade more than 5% of your acct in any one trade [2017-01-05 06:25:04] MikeHunt : immackay: ur total balance is 0.01? [2017-01-05 06:25:20] immackay : Speran49: I didn't when I first started, back in december [2017-01-05 06:25:29] immackay : MikeHunt: yup, up from 0.006 [2017-01-05 06:25:44] MikeHunt : immackay: did u get rekt or something? [2017-01-05 06:25:46] MikeHunt : what u start with? [2017-01-05 06:25:46] 2102 : Bitmex..... We don't need another Gox!! ? [2017-01-05 06:26:01] immackay : Speran49: I had gone on holiday in december and din't have time to watch the markets and just continued to make bad trade after bad trade [2017-01-05 06:26:07] m3s : 2102: what you talking about [2017-01-05 06:26:28] Speran49 : immackay: yeah it happens sorry to hear :( [2017-01-05 06:26:31] immackay : MikeHunt: started with like 0.2, went up to 4.2, then down to 0.006 [2017-01-05 06:26:37] Speran49 : immackay: i lost 6k in the normal markets so i feel your pain big time [2017-01-05 06:26:41] immackay : thanks to the very first drop [2017-01-05 06:26:52] MikeHunt : 2102: gox serves as an example of not to run with cash, apparently gox owner is getting shafted in jap prison [2017-01-05 06:26:53] immackay : I don't really care, I just want to get back in the game [2017-01-05 06:26:59] immackay : but it's difficult with 0.01 [2017-01-05 06:27:13] immackay : and I'm not willing to put in any more money, that's just dumb of me at this point [2017-01-05 06:27:22] mariomarco : MikeHunt: dropsoap style EYOO [2017-01-05 06:27:39] immackay : so I shall wait this out [2017-01-05 06:27:48] immackay : let my alts grow a little [2017-01-05 06:28:37] BitMEX_Sam : 2102: The issue is fixed. [2017-01-05 06:28:39] mariomarco : "alts" "grow" "a little" [2017-01-05 06:28:40] Speran49 : at is whee its at [2017-01-05 06:28:48] Speran49 : alts grow a lot if youre smart [2017-01-05 06:28:58] Speran49 : we started with $600 2 years ago [2017-01-05 06:29:05] Speran49 : acct is now at over $8000 [2017-01-05 06:29:45] immackay : mariomarco: not sure what your point is [2017-01-05 06:30:20] immackay : Speran49: yeah, I started with 0.1 in my alt account, it's going up slowly [2017-01-05 06:30:34] immackay : only started trading last month (which is likely why I fucked up hardcore) [2017-01-05 06:30:45] Speran49 : wow yeah you need to take your time [2017-01-05 06:30:52] immackay : should have just held my bitcoin through this rally [2017-01-05 06:30:57] Speran49 : ive been at this for 6 years and im still not that good at it lol [2017-01-05 06:31:02] immackay : eh, it's a learning experience and I don't really mind [2017-01-05 06:31:05] 2102 : Many thanks BitMex! Great support here. [2017-01-05 06:31:08] MikeHunt : immackay: did you have leverage on that long? [2017-01-05 06:31:11] immackay : I haven't lost much [2017-01-05 06:31:24] QuantFocus : BitMEX_Sam: @BitMEX_Greg can you guys confirm, would a funding rate increase be accompanied by a reduction in leverage? [2017-01-05 06:31:32] Speran49 : likely heading down here [2017-01-05 06:31:34] Speran49 : https://www.tradingview.com/x/Iu03OJqi/ [2017-01-05 06:31:39] immackay : MikeHunt: yeah, when I made the 4 btc I used 100x leverage lol [2017-01-05 06:31:54] immackay : then bought again at the top cause I was giddy from winnning [2017-01-05 06:32:03] MikeHunt : immackay: they say you only 100x once [2017-01-05 06:32:08] MikeHunt : immackay: then ur x.x [2017-01-05 06:32:09] immackay : lesson one: don't do that [2017-01-05 06:32:15] BitMEX_Sam : QuantFocus: We have not decided on a mechanism just yet; but increasing the funding rate per interval would require increasing initial margin to prevent instant liquidations [2017-01-05 06:32:17] MikeHunt : immackay: im doing 10x but that's calculated [2017-01-05 06:32:33] Speran49 : https://www.google.com/trends/explore?date=now%207-d&q=bitcoin [2017-01-05 06:32:37] BitMEX_Sam : We will give ample notice if and when any changes are made [2017-01-05 06:32:38] Speran49 : ^this is also important [2017-01-05 06:32:45] rowrow : are you guys still seeing the 96401 liquidation at 1162 from like an hour ago? [2017-01-05 06:32:46] Speran49 : to determine btc sentiment [2017-01-05 06:32:48] immackay : MikeHunt: I still use 50x once in a while [2017-01-05 06:32:55] QuantFocus : BitMEX_Sam: ok thanks [2017-01-05 06:32:56] Speran49 : 50x is the best imo [2017-01-05 06:33:00] Gekko : Swap versus index kinda crazy ATM...makes me not want to trade something as divorced from reality [2017-01-05 06:33:19] j8 : BitMEX_Sam: can you confirm that the insurance fund for the swap is empty? [2017-01-05 06:33:21] QuantFocus : BitMEX_Sam: wait, an increase in initial margin requirements? or reduction? [2017-01-05 06:33:30] MikeHunt : immackay: i wouldnt use it unless ur calculating ahead or the fees will rape you [2017-01-05 06:33:35] Gekko : takimg the cap off funding would bring it back no? [2017-01-05 06:33:37] QuantFocus : Wouldn't increase cause the liquidations? [2017-01-05 06:33:45] elmorte : Is USD slipping against other currencies as well or just CNH? [2017-01-05 06:33:54] MikeHunt : immackay: also did u let the negative RoE get Out of control? [2017-01-05 06:34:02] BitMEX_Sam : QuantFocus: Increase in IM would not affect existing positions, but a higher funding rate would, so any such change would have to be done very carefully [2017-01-05 06:34:24] Speran49 : MikeHunt: where do fees rape you for 50x? [2017-01-05 06:34:25] QuantFocus : ah ok [2017-01-05 06:34:25] BitMEX_Sam : An increase in IM requirements = a decrease in initial leverage [2017-01-05 06:34:39] QuantFocus : would MM be increased as well? [2017-01-05 06:34:47] BitMEX_Sam : Likely no. [2017-01-05 06:35:01] QuantFocus : cause that would also screw positions [2017-01-05 06:35:19] MikeHunt : Speran49: fees are effectivly 50x [2017-01-05 06:35:48] QuantFocus : BitMEX_Sam: anyhow, sounds like you guys are giving it some time to evolve [2017-01-05 06:35:57] MikeHunt : eg: bitcoin = 1000$, you put $1000 @ x50, thats 50k contracts, effectively 0.375% x50 [2017-01-05 06:36:05] immackay : MikeHunt: I've done a lot of studying over the last couple weeks since my big loss [2017-01-05 06:36:24] MikeHunt : immackay: the ammount it has to go up b4 u realise profit is quite high [2017-01-05 06:36:29] BitMEX_Sam : Right; we are evaluating all possible improvements and any changes will be made with the utmost care and advance warning. [2017-01-05 06:36:40] immackay : MikeHunt: true [2017-01-05 06:36:41] BitMEX_Sam : I'm off to bed; Arthur will be here overnight. Happy trading everyone. [2017-01-05 06:36:54] immackay : MikeHunt: I'm not using it right now if that's what you're asking [2017-01-05 06:37:04] MikeHunt : immackay: you need to make sure u calculate A) btc will go higher than fee amount b) corrections on the way dont liq you [2017-01-05 06:37:04] QuantFocus : BitMEX_Sam: thanks sam, take care [2017-01-05 06:37:14] elmorte : BitMEX_Sam: night bud! [2017-01-05 06:37:26] immackay : MikeHunt: yeah, I thought that went without saying? [2017-01-05 06:38:08] MikeHunt : immackay: i didnt know that at first hence i lost 1btc [2017-01-05 06:38:14] MikeHunt : immackay: just making sure u knew [2017-01-05 06:38:38] immackay : MikeHunt: yeah I think originally I probably lost a rather small amount from fees but I noticed fairly quickly [2017-01-05 06:38:56] immackay : all in short guys let's go [2017-01-05 06:41:17] Speran49 : yuan just madea new low [2017-01-05 06:41:28] Speran49 : we can't really breakdown till that stops [2017-01-05 06:42:07] rapidtrades : wow yuan at 6.78 [2017-01-05 06:42:59] elmorte : The spread between finex and Huobi according to the CNH rate is $150! [2017-01-05 06:43:04] immackay : oh well, I'll play more tomorrow [2017-01-05 06:43:14] immackay : cheers guys [2017-01-05 06:43:37] MikeHunt : Speran49: its fake [2017-01-05 06:43:49] Speran49 : MikeHunt: ? [2017-01-05 06:43:49] MikeHunt : Speran49: PBOC sets number [2017-01-05 06:43:55] MikeHunt : Speran49: its not market price [2017-01-05 06:44:00] elmorte : MikeHunt: not the CNH [2017-01-05 06:44:26] Speran49 : MikeHunt: so its not causing btc to go higher? I think it still has a very real impact. More asian want out of yuan so they go into btc as yuan goes down [2017-01-05 06:45:02] thomaskikansha : CNH is market price CNY is PBOC price [2017-01-05 06:46:02] m3s : can I short bitstamp stock ? [2017-01-05 06:46:06] elmorte : yup...and CNH is getting stronger, which runs contrary to the bull market logic [2017-01-05 06:46:35] l3f : So uhnn what's wrong with bitstamp? [2017-01-05 06:47:04] MikeHunt : elmorte: CNH is also fake [2017-01-05 06:47:14] MikeHunt : elmorte: CNH runs on sentiment [2017-01-05 06:47:34] MikeHunt : elmorte: actual value of CNY is hidden behind corruption [2017-01-05 06:47:48] elmorte : MikeHunt: it's real enough for me, I use it regularly as a refernce [2017-01-05 06:47:50] MikeHunt : elmorte: bitcoin seems to suggest the real value may be a lot lower [2017-01-05 06:47:56] l3f : BitMEX_Arthur: will bitmex do anything about bitstamp? [2017-01-05 06:48:06] l3f : it's messing up the index by being illiquid [2017-01-05 06:48:17] MikeHunt : elmorte: problem in china is your avg chang doesnt have a choice but to use CNY [2017-01-05 06:48:25] elmorte : MikeHunt: That is true [2017-01-05 06:48:40] elmorte : But suggesting bitcoin is more real than CNH or CNY is far out :) [2017-01-05 06:48:41] j8 : index doesn't even matter anymore, swap has a life of its own [2017-01-05 06:49:31] l3f : Who trades on bitstamp? [2017-01-05 06:49:40] arbitrage001 : j8: can be a good thing for some [2017-01-05 06:49:46] arbitrage001 : <---- [2017-01-05 06:50:10] m3s : l3f: you can trade there ? [2017-01-05 06:50:18] arbitrage001 : shorted too early, tend to be mistake most traders make [2017-01-05 06:50:22] m3s : :D [2017-01-05 06:50:27] l3f : m3s: no as in it's not moving [2017-01-05 06:50:29] l3f : at all [2017-01-05 06:50:51] m3s : i know, was a joke [2017-01-05 06:51:09] arbitrage001 : funding rate is unsustainable across all exchanges [2017-01-05 06:51:16] arbitrage001 : this will not end well [2017-01-05 06:51:19] arbitrage001 : for long [2017-01-05 06:51:36] mariomarco : arbitrage001: how do we abuse this [2017-01-05 06:51:41] arbitrage001 : if adl kick in, short will not end well also [2017-01-05 06:51:47] MikeHunt : arbitrage001: +1 [2017-01-05 06:51:51] REKT : Liquidated long on `XBCH17`: sell 2000 @ 9363.3 [2017-01-05 06:51:58] MikeHunt : i think im being raped on fees [2017-01-05 06:52:21] MikeHunt : when does 1000 contracts @ x10 break even? [2017-01-05 06:52:28] MikeHunt : entry at 1150 [2017-01-05 06:53:03] MikeHunt : interest iirc is $24 a day [2017-01-05 06:53:07] shiroe : 4dollars. [2017-01-05 06:53:33] BitMEX_Arthur : l3f: We will not be changing the index weights without a 14 day notice period, so for now it stays the same [2017-01-05 06:53:43] BitMEX_Arthur : We are discussing whether to add gdax to the index [2017-01-05 06:53:53] QuantFocus : MikeHunt: max funding is 1.125%/day [2017-01-05 06:53:56] mariomarco : why is the index/mark price important anyway? [2017-01-05 06:53:58] BitMEX_Arthur : but nothing is final yet, and there will be a 14 day notice period before any changes are made [2017-01-05 06:54:08] j8 : yeah gdax :+1: [2017-01-05 06:54:08] MikeHunt : QuantFocus: maximum fee is 1.125% ? [2017-01-05 06:54:10] shiroe : flash incoming.. [2017-01-05 06:54:13] l3f : mariomarco: futures are settled on it [2017-01-05 06:54:17] QuantFocus : funding. yes [2017-01-05 06:54:21] mariomarco : l3f: aaah [2017-01-05 06:54:21] QuantFocus : .375% x3 [2017-01-05 06:54:44] l3f : BitMEX_Arthur: Cool, let us know if things change [2017-01-05 06:54:50] mariomarco : huobi strugling to maintain 8800 [2017-01-05 06:54:51] l3f : bfx has more volume than stamp now [2017-01-05 06:54:58] QuantFocus : 'fees' are only paid on open and close if you use market [2017-01-05 06:55:26] MikeHunt : QuantFocus: where does it say funding capped at x3 ? [2017-01-05 06:55:36] QuantFocus : well, how many hours are there in a day? [2017-01-05 06:55:42] QuantFocus : funding occurs every 8 hours [2017-01-05 06:55:48] QuantFocus : so per day, max is 1.125% [2017-01-05 06:55:49] MikeHunt : so $24 a day then? [2017-01-05 06:55:56] mariomarco : QuantFocus: times your leverage [2017-01-05 06:55:57] MikeHunt : QuantFocus: hmm [2017-01-05 06:55:57] QuantFocus : not on 1000 contracts [2017-01-05 06:56:11] QuantFocus : mariomarco: leverage doesn't matter [2017-01-05 06:56:15] QuantFocus : it's on notional [2017-01-05 06:56:35] mariomarco : oh really, i figured its multiplied by lvrg [2017-01-05 06:56:43] QuantFocus : 1.125% x 1000 = $11.25 per day [2017-01-05 06:56:55] l3f : multiply funding rate to the size of your position [2017-01-05 06:57:22] mariomarco : l3f: so leverage does mat [2017-01-05 06:57:29] mariomarco : matter [2017-01-05 06:57:36] QuantFocus : not for absolute cost [2017-01-05 06:57:37] elmorte : mariomarco: no, never did [2017-01-05 06:57:38] brouk : mariomarco: no [2017-01-05 06:57:43] l3f : mariomarco: leverage doesn't change the size of your position [2017-01-05 06:57:52] QuantFocus : but if you're calculating it as a ratio of margin then it does [2017-01-05 06:57:52] nOgAnOo : I'm changing my middle name to "rekt" [2017-01-05 06:57:55] l3f : just how much margin is required to keep it [2017-01-05 06:58:00] elmorte : nOgAnOo: he's aliiiive [2017-01-05 06:58:05] brouk : mariomarco: leverage just changes amount of margin used [2017-01-05 06:58:05] nOgAnOo : Hey man [2017-01-05 06:58:14] nOgAnOo : Life has changed drastically since I got rekt [2017-01-05 06:58:17] nOgAnOo : Haven't eaten [2017-01-05 06:58:21] mariomarco : lol [2017-01-05 06:58:32] nOgAnOo : I'm changing everything [2017-01-05 06:58:35] nOgAnOo : I quit smoking weed [2017-01-05 06:58:45] QuantFocus : there's your problem [2017-01-05 06:58:56] nOgAnOo : Well, I'm rekt and can't get it :) [2017-01-05 06:58:57] MikeHunt : so 50000 contracts @ x10 would be 50000 * 0.375% * [2017-01-05 06:59:05] MikeHunt : oops [2017-01-05 06:59:17] QuantFocus : 50k contracts is 50k contracts [2017-01-05 06:59:33] QuantFocus : but yes, multiply that by the 8 hour funding rate [2017-01-05 06:59:42] MikeHunt : QuantFocus: $908 per day? [2017-01-05 06:59:52] elmorte : 50k contracts is 50k USD worth of a position...x funding [2017-01-05 06:59:58] QuantFocus : 562 [2017-01-05 07:00:18] QuantFocus : but that's only during max funding, i.e. right now [2017-01-05 07:00:26] MikeHunt : QuantFocus: its only gonna get worse [2017-01-05 07:00:29] elmorte : 562.5 [2017-01-05 07:00:34] QuantFocus : it can't get worse [2017-01-05 07:00:34] elmorte : per day [2017-01-05 07:00:38] dharmabum : what's the quickest way of locking in USD value on a BTC balance (1:1)? [2017-01-05 07:00:41] QuantFocus : we're at the daily cap [2017-01-05 07:00:53] QuantFocus : dharmabum: short xbtusd [2017-01-05 07:00:54] elmorte : dharmabum: sell at spot? [2017-01-05 07:01:01] MikeHunt : QuantFocus: oh right [2017-01-05 07:01:18] MikeHunt : where do you get 562.5 from? [2017-01-05 07:01:27] QuantFocus : dharmabum: alternatively, right now i'd suggest shorting the xbth17 [2017-01-05 07:01:35] dharmabum : elmorte: so if I have 1.5BTC, sell 1.5BTC (worth of USD) at spot? [2017-01-05 07:01:39] QuantFocus : MikeHunt: 50k x 1.125% [2017-01-05 07:01:43] QuantFocus : to arrive at a daily cost [2017-01-05 07:01:48] QuantFocus : during max funding [2017-01-05 07:01:51] dharmabum : elmorte: spot=cross? [2017-01-05 07:02:06] MikeHunt : QuantFocus: ahh yeh ty, my maths :/ [2017-01-05 07:02:13] dharmabum : QuantFocus: thx for the suggestion. Logic? :) [2017-01-05 07:02:13] imapotato : spot is not cross [2017-01-05 07:02:14] QuantFocus : no worries [2017-01-05 07:02:18] KingTuna : $1600 WOW! [2017-01-05 07:02:22] imapotato : completely different ideas [2017-01-05 07:02:24] elmorte : dharmabum: no I meant like at spot exchange like finex [2017-01-05 07:02:31] imapotato : 1600? [2017-01-05 07:02:50] QuantFocus : dharmabum: the logic is that there is currently a $170 premium over spot. so shorting the future means you sell it for more than you would sell the spot for right now [2017-01-05 07:02:51] dharmabum : elmorte: ah, ok! [2017-01-05 07:03:02] elmorte : But here, you would just short 1.5 worth of XBT on swap [2017-01-05 07:03:12] elmorte : and earn those sweet fees [2017-01-05 07:03:16] QuantFocus : and since you just want to hedge, might as well sell it for more than you would sell it at spot, right? [2017-01-05 07:03:18] elmorte : sorry, not fees, funding [2017-01-05 07:03:41] elmorte : but yeah, sell at Mar 31 future is a better option and don't have to worry about funding [2017-01-05 07:04:07] elmorte : depends on why you are hedging [2017-01-05 07:04:54] dharmabum : XBTH? April 01? [2017-01-05 07:05:06] QuantFocus : dharmabum: since this exchange offers leverage, you can also use less than the 1.5btc as collateral, and just trade like 5-10x leverage [2017-01-05 07:05:07] brouk : 9000 CNY here we go [2017-01-05 07:05:10] elmorte : HBTH17, 31 Mr [2017-01-05 07:05:15] elmorte : 31. Mar [2017-01-05 07:05:21] QuantFocus : deposit .15btc to short at 10x [2017-01-05 07:05:26] elmorte : XBTH17...jesus [2017-01-05 07:05:33] dharmabum : QuantFocus: roger that!