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<< >> English 中文 Русский 한국어 日本語 Español Français [2015-11-04 15:13:36] IChTj4OeMavRq6qeIyEb : Shorting the premium @Liivet [2015-11-04 15:13:44] IChTj4OeMavRq6qeIyEb : ? [2015-11-04 15:13:58] Liivet : yeah [2015-11-04 15:14:17] Liivet : if it is consolidating, I should be ok [2015-11-04 15:14:20] BitMEX_Sam : premium is great right now but shorting is pretty risky [2015-11-04 15:14:23] sleger : premium is insane [2015-11-04 15:14:30] chromaticcr : premeium everywhere.... [2015-11-04 15:14:39] sleger : 10% for 24h.... [2015-11-04 15:15:04] chromaticcr : make sure you consider the risk of quanto and inverse even if you ar ehedge [2015-11-04 15:15:15] chromaticcr : even if you are hedged* [2015-11-04 15:15:43] Liivet : quanto and inverse? [2015-11-04 15:15:54] Liivet : zerohedge :P [2015-11-04 15:15:56] IChTj4OeMavRq6qeIyEb : @Lilvet I'd be careful. If we go up after consolidating, which is pretty likely, you'll be stuck. [2015-11-04 15:16:05] Liivet : yeah [2015-11-04 15:16:17] chromaticcr : quanto contracts (like XBT24H, speculative), the profit is linear to bitcoin [2015-11-04 15:16:32] chromaticcr : eg BTC price +1,, profit in BTC+1 [2015-11-04 15:16:47] chromaticcr : but if you hedge on.. for say.. finex. [2015-11-04 15:17:05] Liivet : aha [2015-11-04 15:17:09] chromaticcr : BTC+1, USD -1 [2015-11-04 15:17:24] Liivet : not so advance yet [2015-11-04 15:17:28] chromaticcr : they dont match exactly and will eventually shift away [2015-11-04 15:17:43] BitMEX_Wally : chromaticcr: If you are long XBT you are long gamma [2015-11-04 15:18:03] BitMEX_Wally : A 10% rise in the price gives you an 10% PNL paid in Bitcoin [2015-11-04 15:18:11] BitMEX_Wally : But the Bitcoin is worth 10% more so it's actually 11% in USD terms [2015-11-04 15:18:28] lockhedge : my market makers passive short's entry price is above spot, but according to my unrealised PNL i lost more than 50% of my funds b/c of this one open position/insane premium... [2015-11-04 15:20:02] BitMEX_Sam : premium is nuts [2015-11-04 15:20:38] chromaticcr : now I know the reason of BVOL.... [2015-11-04 15:21:27] BitMEX_Sam : Yeah BVOL would be nice to trade [2015-11-04 15:21:38] BitMEX_Sam : Although it's less than you'd think [2015-11-04 15:23:15] Liivet : looking at the latest video from peter schiff is a hoot [2015-11-04 15:24:05] Liivet : it baffles me how they can say things like they do. [2015-11-04 15:27:07] kasman5 : We need an ethereum market maker, be cool to be able to trade tha [2015-11-04 15:27:19] kilrari : being short here sucks but I have to follow my strategy lol [2015-11-04 15:28:13] kasman5 : My strategy is don' [2015-11-04 15:28:40] kasman5 : don't short [2015-11-04 15:29:44] macios15 : kasman5: mine too only long on correction [2015-11-04 15:30:07] kilrari : unless it breaks 3270 huobi, im short [2015-11-04 15:32:39] Murch : IChTj4OeMavRq6qeIyEb: A few hours of sleep huh? I don't blame you. I managed to sleep for like 7-8 hours, but AT WHAT COST [2015-11-04 15:32:56] peasant-wizard : Murch: I went to bed after getting liquidated, did not feel good :( [2015-11-04 15:33:09] Murch : peasant-wizard: that's always the worst feeling :( [2015-11-04 15:33:18] Murch : My advice right now is do not try to short [2015-11-04 15:33:19] IChTj4OeMavRq6qeIyEb : Murch: Haha I'm sure you'll be able to trade better than me today [2015-11-04 15:33:30] Murch : IChTj4OeMavRq6qeIyEb: Let's both kill it :) [2015-11-04 15:33:33] IChTj4OeMavRq6qeIyEb : Murch: solid advice. too easy to get stuck in a short [2015-11-04 15:33:33] peasant-wizard : Murch: Heh, was definitely long [2015-11-04 15:33:41] IChTj4OeMavRq6qeIyEb : Sounds good to me! [2015-11-04 15:34:07] Murch : peasant-wizard: Keep going long and open so many positions that eventually you don't care about getting liquidated [2015-11-04 15:34:08] IChTj4OeMavRq6qeIyEb : Cashed out my initial investment. Just playing with profit now :) [2015-11-04 15:34:28] Murch : IChTj4OeMavRq6qeIyEb: Very nice! That's honestly the best place to trade from. [2015-11-04 15:35:06] IChTj4OeMavRq6qeIyEb : Murch: Definitely. Who knows if I can make something of it over the long run but so far so good [2015-11-04 15:35:28] Murch : As long as you still treat your winnings cautiously dude [2015-11-04 15:35:33] Murch : I made the mistake of not doing that [2015-11-04 15:35:42] Murch : and lost 99% of what I had [2015-11-04 15:36:30] IChTj4OeMavRq6qeIyEb : I'm trying to be as careful as possible with them. Made the mistake of getting caught in a short but I got out at a small loss as soon as I could [2015-11-04 15:36:36] AudibleScience : Murch: oh no man, when? [2015-11-04 15:36:41] Murch : BitMEX_Sam: Could the chat be modified in such a way that when you select someone to reply to the cursor is placed in the chat box automatically? [2015-11-04 15:37:04] BitMEX_Sam : Murch: Yep - thanks for that suggestion, makes perfect sense [2015-11-04 15:37:13] BitMEX_Sam : In the meantime just tab-complete, but I'll push that tweak through asap [2015-11-04 15:37:17] Murch : thanks :) [2015-11-04 15:37:18] Satoshi : Murch: this is called focus :D [2015-11-04 15:37:55] Murch : AudibleScience: It was over the past year and a half I'd say. I built up my winnings and then paid it all back as tuition. [2015-11-04 15:38:38] Murch : IChTj4OeMavRq6qeIyEb: Yeah cut off the losses short. [2015-11-04 15:39:11] IChTj4OeMavRq6qeIyEb : Murch: Right now I'm playing a game of waiting for the consolidation breakout and 5m MACD rollover [2015-11-04 15:39:50] AudibleScience : Murch: lol I know what that's like man... all be it not for the same time frame... but still felt the same kind of pain! [2015-11-04 15:40:41] Crypto Wealth : This exchange is definitely my new favourite. Scalping this type of leverage actually makes in possible to day trade bitcoin. [2015-11-04 15:40:57] Murch : AudibleScience: Yep just gotta keep on trucking never give up! [2015-11-04 15:41:01] AudibleScience : good fuel to fine tune all the aspects that were off in the first place though, I think anyway... @Murch [2015-11-04 15:41:12] Murch : IChTj4OeMavRq6qeIyEb: Also waiting for that breakout [2015-11-04 15:41:13] IChTj4OeMavRq6qeIyEb : Crypto Wealth: Definitely. Only been here a few days but I love it so far [2015-11-04 15:41:38] IChTj4OeMavRq6qeIyEb : Murch: I just hope it's not a break down [2015-11-04 15:41:41] Murch : AudibleScience: which aspects? [2015-11-04 15:42:04] Murch : IChTj4OeMavRq6qeIyEb: Yeah had to sell half my position earlier just to be sure. [2015-11-04 15:42:14] zanza : 8% premium on `XBT24H` with 20 hours left [2015-11-04 15:42:31] kilrari : I'm looking at the 6 hour volume divergence on huobi [2015-11-04 15:42:32] BitMEX_Sam : Historical basis on these short-dated futures [2015-11-04 15:42:35] zanza : thats 3500% annualized [2015-11-04 15:42:44] Murch : Did we switch to that mid weighted mark price yet? [2015-11-04 15:42:58] BitMEX_Sam : zanza: Calculated fair basis rate is actually 4365% :) [2015-11-04 15:43:00] Murch : zanza: Lol, troll math [2015-11-04 15:43:11] BitMEX_Sam : Murch: Yes, 24H is on the new logic, not 7D yet [2015-11-04 15:43:34] Murch : BitMEX_Sam: Awesome, I already like it better, less weird crap. [2015-11-04 15:43:39] BitMEX_Sam : Murch: Yes, it's working well [2015-11-04 15:43:40] j8 : oh really [2015-11-04 15:43:54] BitMEX_Sam : Wally can answer any questions about it if you have any, we've updated the DPE doc [2015-11-04 15:44:15] chromaticcr : 4365%。。。。。 [2015-11-04 15:44:27] IChTj4OeMavRq6qeIyEb : Not looking good Murch :( [2015-11-04 15:45:01] IChTj4OeMavRq6qeIyEb : I think the problem is I bought too high [2015-11-04 15:45:09] peasant-wizard : hahaha [2015-11-04 15:46:03] Murch : IChTj4OeMavRq6qeIyEb: What's your liq price? :( [2015-11-04 15:46:14] IChTj4OeMavRq6qeIyEb : 516 [2015-11-04 15:46:17] Murch : Entry? [2015-11-04 15:46:29] IChTj4OeMavRq6qeIyEb : 534.5 [2015-11-04 15:46:38] BitMEX_Sam : That's a high entry but you never know [2015-11-04 15:46:48] IChTj4OeMavRq6qeIyEb : Going to have to abandon ship soon I think [2015-11-04 15:46:49] Murch : Hold on to it for a few more minutes imo [2015-11-04 15:46:49] BitMEX_Sam : You could be proven right... many times this week you would have been [2015-11-04 15:46:51] peasant-wizard : I got wickwuidated last night. Just the tippiest tip of the wick took me out [2015-11-04 15:47:05] Murch : Oh shit I just bought more [2015-11-04 15:47:27] Murch : Actually sell off a fifth of your position [2015-11-04 15:47:36] Murch : if you're feeling too sketched [2015-11-04 15:47:36] IChTj4OeMavRq6qeIyEb : Holding steady for now [2015-11-04 15:47:38] BitMEX_Sam : lol [2015-11-04 15:48:06] Murch : Give it a few mins though, I think we're headed back to 530 [2015-11-04 15:48:24] kilrari : Hey Sam are you a finance guy or programmer by trade? [2015-11-04 15:48:28] IChTj4OeMavRq6qeIyEb : Murch: I think so too. Trying to be patient [2015-11-04 15:48:35] peasant-wizard : A lot of these reversal doji's have just kept on going [2015-11-04 15:49:44] Liivet : got out good on my short [2015-11-04 15:50:03] IChTj4OeMavRq6qeIyEb : Liivet: nice! [2015-11-04 15:50:24] BitMEX_Wally : kilrari: I'm both :) [2015-11-04 15:50:35] BitMEX_Sam : kilrari: Programmer [2015-11-04 15:50:39] Liivet : flipped it to a long, but still a bit uncertain. [2015-11-04 15:50:47] BitMEX_Sam : Wallys a halfbreed, and Arthur is full finance [2015-11-04 15:51:25] BitMEX_Wally : Arthur can script Excel quite nicely [2015-11-04 15:51:30] Liivet : too early :P [2015-11-04 15:51:31] BitMEX_Sam : Hah [2015-11-04 15:51:34] Murch : IChTj4OeMavRq6qeIyEb: Ahhhhh [2015-11-04 15:51:37] BitMEX_Sam : Murch: Clickable names now focus the box [2015-11-04 15:51:39] BitMEX_Sam : Just refresh [2015-11-04 15:51:41] BitMEX_Wally : And by nicely I mean a nasty jacky mess [2015-11-04 15:51:49] BitMEX_Wally : *hacky [2015-11-04 15:51:51] BitMEX_Sam : Hey his Google Docs aren't that bad [2015-11-04 15:51:56] BitMEX_Sam : after I clean them up for an hour [2015-11-04 15:52:02] Murch : BitMEX_Sam: Awesome, thanks a lot! [2015-11-04 15:52:11] Murch : BitMEX_Sam: Much better haha [2015-11-04 15:52:32] kilrari : I've been thinking about going for a masters in data science. Do you think that type of program is good for Bitcoin finance as well as blockchain related stuff in this industry? [2015-11-04 15:52:49] Murch : IChTj4OeMavRq6qeIyEb: China will save uuuuuus [2015-11-04 15:53:04] IChTj4OeMavRq6qeIyEb : Still holding on. This is terrifying [2015-11-04 15:53:10] Murch : kilrari: yes, or quantitative finance [2015-11-04 15:53:13] BitMEX_Sam : kilrari: Yeah, data science is worthwhile [2015-11-04 15:53:20] BitMEX_Sam : There's a lot of demand in the industry for that type of programmer [2015-11-04 15:53:28] Murch : kilrari: Data science is good for almost literally any field [2015-11-04 15:53:29] mikeh : phew, survived [2015-11-04 15:53:37] chromaticcr : When Star Xu know you got a short position, he will pump in some fake money to his exchange lol [2015-11-04 15:53:37] kilrari : Sweet. Thanks for the advice! [2015-11-04 15:54:08] Murch : Sure thing good luck, are you graduating soon? [2015-11-04 15:54:16] IChTj4OeMavRq6qeIyEb : Murch: I really wish I had bought lower but I think I'm gonna be ok [2015-11-04 15:54:26] BitMEX_Sam : as long as the premium keeps up [2015-11-04 15:54:30] BitMEX_Sam : big buy [2015-11-04 15:54:33] Murch : IChTj4OeMavRq6qeIyEb: yeah man, I always jump into positions too quickly without thinking [2015-11-04 15:54:41] Murch : IChTj4OeMavRq6qeIyEb: but this is a forgiving market for now [2015-11-04 15:54:51] Swedishnut : wow looks like my dentist appointment was just as fun as being here :P [2015-11-04 15:54:58] IChTj4OeMavRq6qeIyEb : BitMEX_Sam: wow that was crazy [2015-11-04 15:55:08] habibi : BitMEX_Sam: i clicked 2 times on sell button and it didnt ask me for comfirmation and made 2 orders [2015-11-04 15:55:10] kilrari : I finished undergrad in biology a few years ago [2015-11-04 15:55:13] habibi : BitMEX_Sam: its normal? [2015-11-04 15:55:13] BitMEX_Sam : Swedishnut: Why, did the dentist give you drugs? [2015-11-04 15:55:26] BitMEX_Sam : habibi: If you disabled the confirm dialog it doesn't come up anymore [2015-11-04 15:55:27] Swedishnut : nah drilled [2015-11-04 15:55:38] kilrari : But my brain is more suited to computers and programming [2015-11-04 15:55:46] habibi : BitMEX_Sam: didnt disable anything, its showing normal, just at lag with double click it didnt [2015-11-04 15:55:54] Murch : kilrari: Cool cool, follow what you enjoy doing of course [2015-11-04 15:55:59] IChTj4OeMavRq6qeIyEb : Almost out of the hole I dug myself. Phew [2015-11-04 15:56:14] Swedishnut : I like turtles... saying words is funny with num face [2015-11-04 15:56:20] Murch : IChTj4OeMavRq6qeIyEb: such turbulence. [2015-11-04 15:56:35] Liivet : IChTj4OeMavRq6qeIyEb: big ups to you! [2015-11-04 15:56:51] IChTj4OeMavRq6qeIyEb : Thanks guys! [2015-11-04 15:56:51] IChTj4OeMavRq6qeIyEb : http://www.brainlesstales.com/images/misc/bitcoin-roller-coaster.gif [2015-11-04 15:56:51] Murch : IChTj4OeMavRq6qeIyEb: good job holding through that pantshitting nightmare [2015-11-04 15:56:54] BitMEX_Sam : habibi: I'll check into it [2015-11-04 15:57:00] habibi : BitMEX_Sam: ty [2015-11-04 15:57:49] IChTj4OeMavRq6qeIyEb : Woohoo. Out with a profit :D [2015-11-04 15:58:07] IChTj4OeMavRq6qeIyEb : A tiny profit, but still, not a loss [2015-11-04 15:58:18] Murch : @IChTj4OeMavRq6qeIyEb: that's what I'm fucking talking about! [2015-11-04 15:58:33] IChTj4OeMavRq6qeIyEb : Murch: Hahaha this spam filter is grea [2015-11-04 15:58:43] Murch : Now go take a walk for a few minutes and drink some water! [2015-11-04 15:59:08] IChTj4OeMavRq6qeIyEb : And look at that, right after I get out higher prices. That's the way it always goes [2015-11-04 15:59:22] habibi : so much manipulation today with fair price, should be more fixed with exchanges ;p [2015-11-04 15:59:31] Murch : These markets can be awfully trolly [2015-11-04 16:00:06] Murch : I sold half at 533 and it jumped 4 dollars after that instantly [2015-11-04 16:00:14] BitMEX_Sam : yowch [2015-11-04 16:00:31] Murch : Whatcha gonna do eh [2015-11-04 16:00:49] Swedishnut : mine more :) [2015-11-04 16:00:53] IChTj4OeMavRq6qeIyEb : Murch: I should split my bet more often, but after almost being called I just wanted out ASAP [2015-11-04 16:01:16] Murch : IChTj4OeMavRq6qeIyEb: You made the right choice. Better to live to fight another day and let yourself calm down now. [2015-11-04 16:01:19] macios15 : if its dont going up correction ahead i think [2015-11-04 16:01:34] Murch : IChTj4OeMavRq6qeIyEb: Half of trading is about self psychology and keeping yourself under control. [2015-11-04 16:02:05] IChTj4OeMavRq6qeIyEb : Murch: For sure. It takes lots of practice to look at things subjectively [2015-11-04 16:02:29] AudibleScience : is the woodchipper clearing out long positions today [2015-11-04 16:02:34] Swedishnut : experience is a tough mentor sometimes [2015-11-04 16:03:27] macios15 : AudibleScience: u mean they close longs? [2015-11-04 16:03:32] kilrari : I've blown my account like 4 times trading okcoin [2015-11-04 16:03:48] IChTj4OeMavRq6qeIyEb : I take it the woodchipper is OKCoin? [2015-11-04 16:03:48] kilrari : At one point I had 110 btc [2015-11-04 16:03:59] kilrari : And blew it all the next day [2015-11-04 16:03:59] Murch : kilrari: I lost count how many times I blew my account up there. Must be over a dozen. [2015-11-04 16:04:04] Swedishnut : ouch that woodchipper took you to Fargo [2015-11-04 16:04:05] Murch : ooooooh my god [2015-11-04 16:04:15] Murch : 110 is a looot [2015-11-04 16:04:19] kilrari : Yup [2015-11-04 16:04:24] IChTj4OeMavRq6qeIyEb : Woodchipper is OKCoin? [2015-11-04 16:04:27] kilrari : started with 10btc there [2015-11-04 16:04:29] IChTj4OeMavRq6qeIyEb : shoot [2015-11-04 16:04:36] IChTj4OeMavRq6qeIyEb : apparently the filter got it [2015-11-04 16:04:53] kilrari : Now I steer clear of using my entire account on margin lol [2015-11-04 16:05:12] macios15 : daily wtf [2015-11-04 16:05:16] Murch : kilrari: +1 [2015-11-04 16:05:32] IChTj4OeMavRq6qeIyEb : macios15: That 539 order? [2015-11-04 16:05:35] AudibleScience : IChTj4OeMavRq6qeIyEb: lol lol [2015-11-04 16:05:38] macios15 : yes [2015-11-04 16:05:43] macios15 : china down daily up [2015-11-04 16:06:06] AudibleScience : macios15: are you in righ now bro? [2015-11-04 16:06:27] macios15 : AudibleScience: yes fast short, but we going up after little corection [2015-11-04 16:06:40] macios15 : i got that 539 order [2015-11-04 16:06:47] IChTj4OeMavRq6qeIyEb : Shoot. Almost traded XBT7D again on accident. I keep scrolling to it [2015-11-04 16:07:11] IChTj4OeMavRq6qeIyEb : Because of my browser history. Fixed [2015-11-04 16:07:36] Murch : Daily higher than 7d and monthly dafuq? [2015-11-04 16:08:18] macios15 : Murch: yes if price drops premium is insane [2015-11-04 16:08:22] gustavo7 : whats up with that [2015-11-04 16:08:31] IChTj4OeMavRq6qeIyEb : ***if price drops*** [2015-11-04 16:08:43] macios15 : IChTj4OeMavRq6qeIyEb: even little corection lol [2015-11-04 16:08:47] messiaen8844 : its an invitation to short ;), a risky one , or that the gap will close by the end of hthe day [2015-11-04 16:08:51] gustavo7 : okcoin spot is lower than 500 so whats up with the daily [2015-11-04 16:08:57] macios15 : like right now [2015-11-04 16:09:14] IChTj4OeMavRq6qeIyEb : gustavo7: It opened really high for some reason and has stayed there [2015-11-04 16:09:26] Murch : China is at 509 though [2015-11-04 16:09:29] gustavo7 : is the fair price that drunk because yesterday closed high? [2015-11-04 16:09:38] Swedishnut : so the bot ate some edibles? [2015-11-04 16:09:41] macios15 : sb got 539 liq thats it i think [2015-11-04 16:09:41] Murch : IChTj4OeMavRq6qeIyEb: Because bitcoin [2015-11-04 16:09:47] sleger : they just adjust the fiar price to match the market [2015-11-04 16:09:48] macios15 : at daily [2015-11-04 16:09:59] kilrari : Lol I don't even remember what I was trying to type when autocorrect changed it to wood chipper [2015-11-04 16:10:16] habibi : huobi ups, bitmex down. huobi down, bitmex up [2015-11-04 16:10:17] IChTj4OeMavRq6qeIyEb : macios15: Would you explain that again? What got 539 liquidated? [2015-11-04 16:10:54] macios15 : IChTj4OeMavRq6qeIyEb: dont know, maybe sb click isolate margin [2015-11-04 16:10:58] AudibleScience : macios15: kill it quick man! [2015-11-04 16:11:13] IChTj4OeMavRq6qeIyEb : sb? [2015-11-04 16:11:22] macios15 : AudibleScience: lol done 537 [2015-11-04 16:11:26] macios15 : easy [2015-11-04 16:12:06] sleger : the bot lost of all its money ? [2015-11-04 16:12:17] macios15 : sleger: probably lol [2015-11-04 16:12:21] messiaen8844 : bot likes to trick people ;) [2015-11-04 16:12:51] IChTj4OeMavRq6qeIyEb : Murch: Think this thing is about to break out? [2015-11-04 16:12:57] macios15 : messiaen8844: yes they clear orderbook if somebady gets liq [2015-11-04 16:13:16] Liivet : I'm 3x since i joined yesterday. not a big amount, still very satisfied, [2015-11-04 16:13:27] Murch : IChTj4OeMavRq6qeIyEb: Yessir, risky entry though it seems. [2015-11-04 16:13:58] Liivet : is china saying up? [2015-11-04 16:14:11] Swedishnut : si senior [2015-11-04 16:14:27] IChTj4OeMavRq6qeIyEb : Murch: Yep. Couldn't get a good entry unfortunately [2015-11-04 16:14:28] Murch : Bought more at 542 lol >.< [2015-11-04 16:14:50] habibi : it will say up after 2375 pass [2015-11-04 16:14:54] IChTj4OeMavRq6qeIyEb : Lol good luck with that [2015-11-04 16:14:55] macios15 : 3400 here we go i finly call it [2015-11-04 16:15:05] Murch : lol thanks I may need it [2015-11-04 16:15:08] IChTj4OeMavRq6qeIyEb : Murch: good call [2015-11-04 16:15:22] Murch : Thanks! For now at least [2015-11-04 16:15:37] habibi : seems like we going upper ->3280 passed [2015-11-04 16:16:12] Murch : About to place myself under the influence of THC [2015-11-04 16:16:20] IChTj4OeMavRq6qeIyEb : Wish I still had those "expensive" 536 contracts haha [2015-11-04 16:16:29] IChTj4OeMavRq6qeIyEb : Murch: Do you trade better that way? [2015-11-04 16:16:39] Murch : IChTj4OeMavRq6qeIyEb: Nah probably worse [2015-11-04 16:16:41] Murch : hahaha [2015-11-04 16:16:52] Murch : Sold some off at 551 just now [2015-11-04 16:17:02] cekseh : buy it all [2015-11-04 16:17:04] Murch : Hold the rest for a bit. [2015-11-04 16:17:08] cekseh : buy my pretties [2015-11-04 16:17:11] IChTj4OeMavRq6qeIyEb : Nice [2015-11-04 16:17:46] Murch : If you want to jump back in, just use like a fraction of the position size you usually do [2015-11-04 16:17:49] cekseh : buy buy buy [2015-11-04 16:17:52] cekseh : =) [2015-11-04 16:17:54] BitMEX_Sam : here it goes [2015-11-04 16:17:54] Murch : Usually helps me get my rhythm back [2015-11-04 16:17:56] habibi : 3310 [2015-11-04 16:18:08] IChTj4OeMavRq6qeIyEb : Murch: That's what I've been doing a little bit of :) [2015-11-04 16:18:13] habibi : BitMEX_Sam: do u play on exchange as well? [2015-11-04 16:18:16] Murch : Nice nice [2015-11-04 16:18:29] BitMEX_Sam : habibi: I play on OKC and our testnet, not live [2015-11-04 16:18:31] macios15 : china going mad [2015-11-04 16:18:43] BitMEX_Sam : But I'm always listening to the WC TS so I hear the shouting [2015-11-04 16:18:44] kasman5 : serious buying [2015-11-04 16:18:55] IChTj4OeMavRq6qeIyEb : Let's see if we can break the top here [2015-11-04 16:19:34] kasman5 : look at okcoin weeklies [2015-11-04 16:19:41] kasman5 : quarterlies i mena [2015-11-04 16:20:33] IChTj4OeMavRq6qeIyEb : Quick short scalp successful [2015-11-04 16:20:39] kasman5 : but the dip [2015-11-04 16:20:59] macios15 : kasman5: now its the dip lol [2015-11-04 16:21:21] Murch : IChTj4OeMavRq6qeIyEb: short scalp? You have balls my friend [2015-11-04 16:21:22] habibi : double top? [2015-11-04 16:21:49] Yumi : yea if you short you might have no way to exit [2015-11-04 16:21:51] IChTj4OeMavRq6qeIyEb : Murch: Foresaw the quick dump. In and out in about 20 seconds [2015-11-04 16:22:00] Yumi : there is no liquidity [2015-11-04 16:22:01] habibi : or even tripple top [2015-11-04 16:22:01] Murch : Well played heh [2015-11-04 16:22:13] IChTj4OeMavRq6qeIyEb : Don't think it's a double top, but we'll see [2015-11-04 16:22:16] Murch : 20 seconds that's some serious scalping right there [2015-11-04 16:22:22] sleger : 60$ premium on 24h, you guys are crazy [2015-11-04 16:22:29] macios15 : yes short this double top rocket needs fuel [2015-11-04 16:23:22] zanza : dat premium [2015-11-04 16:23:55] habibi : IChTj4OeMavRq6qeIyEb: http://scr.hu/9xvi/60sff [2015-11-04 16:24:08] AudibleScience : macios15: I did a baby short! [2015-11-04 16:24:13] kasman5 : short at you're own peril [2015-11-04 16:24:23] IChTj4OeMavRq6qeIyEb : habibi: I'm aware :) Saw the same thing last night and it broke upward anyway [2015-11-04 16:24:39] Liivet : I miss you long time [2015-11-04 16:24:50] Liivet : i looove you long time [2015-11-04 16:25:21] zanza : bfxdata is up now, but it seems to not have information for the past 4 hours [2015-11-04 16:25:38] Murch : habibi: what you really need to look at are the past few weeks [2015-11-04 16:25:54] Murch : Every dump is met with instant and powerful buying. [2015-11-04 16:25:58] Swedishnut : yeah it has benn brewin [2015-11-04 16:26:06] Murch : That's what it means to be in a bull market [2015-11-04 16:26:24] habibi : Murch: u mean ressistance levels? every lvl is rapidly turning into support after it get buyed [2015-11-04 16:26:29] Murch : And I'm taking advantage of it while it's here because It's very rare for it to be like this in bitcoin land. [2015-11-04 16:26:38] Yumi : Bitmex not very tradable atm, Z15 and H16 have DPE, huge premiums on daily, MM out [2015-11-04 16:26:38] Swedishnut : short cave bears met with knives [2015-11-04 16:26:47] Murch : habibi: Yeah that's another sign of a bull market. [2015-11-04 16:27:33] Murch : Shorting this market is like hopping on a hot air balloon and asking when to jump off. [2015-11-04 16:28:13] Murch : Just don't get on the hot air balloon man, buy the dips fo sho. [2015-11-04 16:28:19] Liivet : fudge [2015-11-04 16:28:38] roymalmberg : im short since 400.... [2015-11-04 16:28:47] jerryd : ouch [2015-11-04 16:28:53] roymalmberg : just kidding ;) [2015-11-04 16:29:04] Murch : Buying 542 [2015-11-04 16:29:08] jerryd : what gives?? I put in buy orders, and they dissappeared [2015-11-04 16:29:11] Swedishnut : if your feeling pain someone else gained [2015-11-04 16:29:27] jerryd : wtf [2015-11-04 16:29:30] Murch : Buying 540.5 [2015-11-04 16:30:29] Murch : Swedishnut: In futures that's true at least. [2015-11-04 16:30:43] Murch : But in the spot market more people can gain from the price going up. [2015-11-04 16:31:05] Murch : Everybody's networth increases, that's reflected in the market cap rising with supply and price. [2015-11-04 16:31:41] Swedishnut : Murch: ahhhh gotcha I like that situation [2015-11-04 16:32:00] Murch : Me too :) [2015-11-04 16:32:09] habibi : nice rebound from 2370 [2015-11-04 16:32:29] roymalmberg : If i get out of this alive and rich I'm suprised, waiting for something to go wrong [2015-11-04 16:32:57] Murch : roymalmberg: Stay vigilant. Don't use greater than 10x cross margin on account. [2015-11-04 16:33:21] IChTj4OeMavRq6qeIyEb : Buy the dip? [2015-11-04 16:33:26] Murch : Bought last amount at 540 [2015-11-04 16:33:34] roymalmberg : Murch: thanks, +33%*10 is okay, haha [2015-11-04 16:33:39] IChTj4OeMavRq6qeIyEb : Murch: Hey me too [2015-11-04 16:34:00] Murch : roymalmberg: Nice job dude [2015-11-04 16:34:03] Liivet : gotta go, not sure if it is so smart having a long position, but we will see [2015-11-04 16:34:06] Murch : IChTj4OeMavRq6qeIyEb: Good luck to us? [2015-11-04 16:34:26] IChTj4OeMavRq6qeIyEb : Murch: Don't take my caressing bid ;) [2015-11-04 16:34:33] Murch : Hahah [2015-11-04 16:34:48] Murch : As long as the liq price is really low I'm straight [2015-11-04 16:35:03] Murch : But price can go down really fast even still gotta watch it all the time. [2015-11-04 16:36:26] IChTj4OeMavRq6qeIyEb : Murch: Definitely. Can't even blink [2015-11-04 16:36:52] Murch : I'm just slowly scaling into a larger position. [2015-11-04 16:36:57] Murch : If the floor falls out that would suck.. [2015-11-04 16:37:27] Crypto Wealth : I've had my eyes taped to the screen all week. This is worse than crack. [2015-11-04 16:37:47] IChTj4OeMavRq6qeIyEb : Murch: Same here, and that's the worst, when the book just empties [2015-11-04 16:38:12] cekseh : I like money. [2015-11-04 16:38:17] Murch : Crypto Wealth: Yeah at least with crack you can breathe. [2015-11-04 16:38:28] Crypto Wealth : hahah! [2015-11-04 16:38:54] IChTj4OeMavRq6qeIyEb : Murch: Ever set some high sells just in case? [2015-11-04 16:39:08] Murch : IChTj4OeMavRq6qeIyEb: Yeah when the book looks like it's clearing out [2015-11-04 16:39:21] Murch : Otherwise I just keep it on hand to sell out if I need to do that quickly [2015-11-04 16:40:06] IChTj4OeMavRq6qeIyEb : Murch: Makes sense [2015-11-04 16:41:00] Murch : I'm at about 7x leverage on my account at this point. [2015-11-04 16:41:02] Crypto Wealth : Bitfinex is trying to take this bull down by the throat and China is unflinching. lol [2015-11-04 16:41:06] Murch : How about you guys? [2015-11-04 16:41:19] IChTj4OeMavRq6qeIyEb : Murch: 7.42 [2015-11-04 16:41:19] zanza : Finex would be insane to take on China [2015-11-04 16:41:25] macios15 : Murch: 12 from sundy [2015-11-04 16:41:25] messiaen8844 : either way is gonna explode up or down [2015-11-04 16:41:30] Crypto Wealth : yes [2015-11-04 16:41:37] Murch : IChTj4OeMavRq6qeIyEb: Oh nice so we'll feel this the same way then hahah [2015-11-04 16:41:51] Crypto Wealth : I do the same for small scalps and x20-30 for bigger moves [2015-11-04 16:42:05] IChTj4OeMavRq6qeIyEb : Haha yep. I think our accounts are pretty similarly sized [2015-11-04 16:42:23] Murch : Crypto Wealth: 20-30 seems like a lot O_O [2015-11-04 16:42:35] Crypto Wealth : the thin book today has me cautious though [2015-11-04 16:42:42] gielbier : same [2015-11-04 16:42:56] Crypto Wealth : it's really nice when you catch a dump [2015-11-04 16:42:57] IChTj4OeMavRq6qeIyEb : Yeah, no way I would touch 30xx [2015-11-04 16:42:59] IChTj4OeMavRq6qeIyEb : *30x [2015-11-04 16:43:11] roymalmberg : The bitcoins I earn someone else must be losing, right? [2015-11-04 16:43:17] Murch : You must have been really leveraged in that last position right? [2015-11-04 16:43:24] zanza : yes roymalmberg [2015-11-04 16:43:28] zanza : feel bad? [2015-11-04 16:43:39] roymalmberg : A bit [2015-11-04 16:43:43] zanza : lol [2015-11-04 16:43:53] zanza : fair game, fair rules [2015-11-04 16:44:06] Murch : roymalmberg: When banks and corporations buy in, you can sell to them. Stick it to em. [2015-11-04 16:44:06] roymalmberg : yep, do they lose on this exchange? or any exchange? [2015-11-04 16:44:13] Crypto Wealth : Ya I scalped the top on that last move but got out oo early. [2015-11-04 16:44:17] BitMEX_Sam : this exchange roymalmberg [2015-11-04 16:44:24] gielbier : every looses sometimes. [2015-11-04 16:44:30] Murch : roymalmberg: Futures are a zero sum game. But the spot markets are not. [2015-11-04 16:44:38] gielbier : its all about position, levy and % [2015-11-04 16:44:43] habibi : roymalmberg: noone loose, satoshi nakamoto made a public fund to help people getting rich [2015-11-04 16:44:53] roymalmberg : I see, Im curious how many users are here [2015-11-04 16:44:53] BitMEX_Sam : zero-sum in BTC terms, so far quite profitable in the aggregate in USD terms [2015-11-04 16:45:09] Murch : BitMEX_Sam: Of course hahaha [2015-11-04 16:45:24] BitMEX_Sam : 327 connected users, 66 connected bots [2015-11-04 16:45:26] Satoshi : yes i giveaway free money :P [2015-11-04 16:45:39] roymalmberg : It feel like magic, I'm making bitcoins, and then those bitcoin increase in value [2015-11-04 16:45:44] IChTj4OeMavRq6qeIyEb : Up you go China [2015-11-04 16:45:46] gielbier : gimme some. fakesatoshi [2015-11-04 16:45:47] IChTj4OeMavRq6qeIyEb : Steady now [2015-11-04 16:46:03] Murch : IChTj4OeMavRq6qeIyEb: We loaded up at a good time pal. [2015-11-04 16:46:14] IChTj4OeMavRq6qeIyEb : Murch: I certainly think so [2015-11-04 16:46:20] roymalmberg : BitMEX_Sam: How many users are here at Bitmex? :) [2015-11-04 16:46:28] BitMEX_Sam : roymalmberg: that's how many are online right now [2015-11-04 16:46:36] BitMEX_Sam : But that may be low [2015-11-04 16:46:54] macios15 : 3d litcoin chart looks soo good [2015-11-04 16:47:07] roymalmberg : BitMEX_Sam: Am I able to see how many? [2015-11-04 16:47:14] BitMEX_Sam : https://www.bitmex.com/api/explorer/#!/Chat/Chat_getConnected [2015-11-04 16:47:25] BitMEX_Sam : I was planning on integrating this count into the chatbox at some point, which is why it's under /chat [2015-11-04 16:47:30] BitMEX_Sam : Just haven't finished that yet [2015-11-04 16:47:34] Crypto Wealth : BitMEX_Sam: good idea! [2015-11-04 16:48:21] IChTj4OeMavRq6qeIyEb : Murch: Decided to get out. This is looking less certain [2015-11-04 16:48:29] Murch : IChTj4OeMavRq6qeIyEb: Not a bad choice [2015-11-04 16:48:39] messiaen8844 : almost 100% fiat now [2015-11-04 16:48:39] Murch : I might get out of a portion of my position [2015-11-04 16:49:18] Murch : Or buy a little bit more maybe hahah [2015-11-04 16:49:44] IChTj4OeMavRq6qeIyEb : Murch: That's how I got called so I try to avoid doubling down on losing trades if I can help it [2015-11-04 16:50:01] IChTj4OeMavRq6qeIyEb : It can also be a great strategy. Just depends [2015-11-04 16:50:16] Murch : IChTj4OeMavRq6qeIyEb: Yeah this is definitely the last I add down on it. [2015-11-04 16:50:26] messiaen8844 : LOL, the second I sell it drops [2015-11-04 16:50:39] zanza : taking profits is good, when MTGOX ran up to 1k, there weren't any exchanges to short I think [2015-11-04 16:50:49] messiaen8844 : to fiat I mean [2015-11-04 16:50:55] habibi : zanza: finex i think [2015-11-04 16:51:17] zanza : oh yeah? wow that placei s old [2015-11-04 16:51:23] Murch : Bought some more at 533 [2015-11-04 16:51:30] messiaen8844 : be careful [2015-11-04 16:51:30] Murch : Now at about 10x leverage [2015-11-04 16:51:47] zanza : you isolated Murch ? [2015-11-04 16:51:56] Murch : No cross [2015-11-04 16:51:59] messiaen8844 : even the chinese won't like to lose money and may panic sell [2015-11-04 16:52:12] zanza : Chinese are smart about bubbles [2015-11-04 16:52:16] Murch : Isolate would be gone already I think [2015-11-04 16:52:24] IChTj4OeMavRq6qeIyEb : Murch: Careful buddy [2015-11-04 16:52:28] messiaen8844 : have you ever sheen shangai composite? not that smart [2015-11-04 16:52:33] zanza : lol [2015-11-04 16:52:40] IChTj4OeMavRq6qeIyEb : Hey looks like it's going up [2015-11-04 16:52:42] Murch : IChTj4OeMavRq6qeIyEb: Yep got my finger on the sell [2015-11-04 16:52:47] zanza : isn't that government manipulation tho? :) [2015-11-04 16:53:09] mikeh : chinese drink bubble tea [2015-11-04 16:54:00] Murch : This area has really good support [2015-11-04 16:54:18] Murch : The 475 area [2015-11-04 16:54:21] messiaen8844 : last correction was mild, next may be acute [2015-11-04 16:54:25] Murch : We've bought through it 5 times now. [2015-11-04 16:54:30] IChTj4OeMavRq6qeIyEb : Murch: It should anyway haha [2015-11-04 16:54:52] messiaen8844 : smart money won't buy bubble [2015-11-04 16:55:10] habibi : we have like 4 hours more for any corerciton, then china wakes up and money comes in [2015-11-04 16:55:29] IChTj4OeMavRq6qeIyEb : habibi: Yep [2015-11-04 16:55:29] Murch : basis is 537.7 so I'm under by 2 still. [2015-11-04 16:55:48] Satoshi : china never sleep [2015-11-04 16:55:49] roymalmberg : bitstamp have no leverage, right? [2015-11-04 16:55:55] IChTj4OeMavRq6qeIyEb : Decided to get in with a small position. Up 1.34 [2015-11-04 16:56:02] Crypto Wealth : Satoshi: red bull! [2015-11-04 16:56:09] Murch : Looking good [2015-11-04 16:56:11] messiaen8844 : https://www.youtube.com/watch?v=RDrfE9I8_hs [2015-11-04 16:56:31] IChTj4OeMavRq6qeIyEb : And out again haha [2015-11-04 16:56:42] Murch : I'm gonna let this fly up and then sell out. [2015-11-04 16:56:46] Crypto Wealth : cold shower scalping [2015-11-04 16:57:01] Crypto Wealth : ice cold [2015-11-04 16:57:05] IChTj4OeMavRq6qeIyEb : Murch: Let's hope it flies up then [2015-11-04 16:57:13] Murch : I'm pretty confident about the price action here :) [2015-11-04 16:57:34] IChTj4OeMavRq6qeIyEb : The best opportunities I've found are breakouts and breaks above previous highs [2015-11-04 16:57:41] SnackyCoins : you are confindent eh? [2015-11-04 16:57:47] BitMEX_Sam : CHINA [2015-11-04 16:57:53] SnackyCoins : when we have gone straight vertical for days [2015-11-04 16:57:53] sleger : bfx is a good buy now [2015-11-04 16:58:00] Murch : Only because it's been going crazy. I'm going a little crazy. [2015-11-04 16:58:09] Crypto Wealth : I think we're at a cross roads... $500 is major resistance. If it doesn't break we'll dump hard... it it breaks I'm calling $1000 within a week. [2015-11-04 16:58:09] SnackyCoins : careful with your bet sizing [2015-11-04 16:58:14] messiaen8844 : market = bipolar disorder [2015-11-04 16:58:23] SnackyCoins : the liquidity is GONE from all exchanges [2015-11-04 16:58:24] Murch : Yep wise words. [2015-11-04 16:58:32] Murch : I'm at 9x right now. [2015-11-04 16:58:35] Murch : Gotta lower that. [2015-11-04 16:58:36] messiaen8844 : euphoria turns quickly into depression [2015-11-04 16:59:26] messiaen8844 : not bad time to take profits and wait for the roller coaster , and then ride it if you can [2015-11-04 16:59:31] IChTj4OeMavRq6qeIyEb : Crypto Wealth: Sounds like a good call to me [2015-11-04 16:59:55] Murch : True dat especially on this leverage [2015-11-04 17:00:09] Murch : You can go from euphoria to shitting bricks in seconds. [2015-11-04 17:01:03] Crypto Wealth : wish the spread on the monthly was tighter, you can get liquidated on the gap alone. [2015-11-04 17:01:09] Murch : Main reason I'm holding on to this position is because China is holding steady. It's only Finex that keeps shitting its pants every dip. [2015-11-04 17:02:23] BitMEX_Sam : Crypto Wealth: yeah gotta be careful with leverage today [2015-11-04 17:02:34] BitMEX_Sam : 24H is quoting tighter but the others are risky [2015-11-04 17:02:50] messiaen8844 : sam, market makers in litecoin and ethereum needed!! [2015-11-04 17:02:59] Crypto Wealth : BitMEX_Sam: for sure, I only trade the daily at this point. [2015-11-04 17:03:10] BitMEX_Sam : messiaen8844: I agree, want to market make them? :) [2015-11-04 17:03:10] Crypto Wealth : Untill I shift from c [2015-11-04 17:03:28] Crypto Wealth : scalping into a swing on a reversal [2015-11-04 17:03:43] messiaen8844 : what does one need? a bot and how much $ ?? [2015-11-04 17:03:46] Murch : Sold a third at 539 [2015-11-04 17:03:51] messiaen8844 : i mean, for market making [2015-11-04 17:03:58] Murch : Now at 6x leverage that's pretty safe. [2015-11-04 17:04:16] Crypto Wealth : BitMEX_Sam: I think if I built a bot I'd get REKT on market making [2015-11-04 17:04:49] Murch : Yeah me too. It would take a lot of experimentation and conditionals to do well. [2015-11-04 17:04:59] Murch : And you'd still have to watch it to be sure. [2015-11-04 17:05:53] messiaen8844 : well, basically follow from exchange, set % of spread and let it work, not that difficult to make a simple bot for spot, guess futures might be harder [2015-11-04 17:05:56] Crypto Wealth : I only trust live trading cause there's a gut instinct that humans develop with practice. Especially with scalping. [2015-11-04 17:06:12] Murch : US Marshalls auction is tomorrow 44k BTC. Think that'll have any speculative effect? [2015-11-04 17:06:42] messiaen8844 : it would, but with all the growing volume from china, its hard to tell [2015-11-04 17:07:02] IChTj4OeMavRq6qeIyEb : Murch: I sort of doubt it with the way China is leading things [2015-11-04 17:07:09] Crypto Wealth : We're in super chop zone right now [2015-11-04 17:07:15] messiaen8844 : market seems to be getting less euphoric [2015-11-04 17:07:16] Murch : China > everything else [2015-11-04 17:07:17] Murch : I agree [2015-11-04 17:07:31] messiaen8844 : damn thing iare those fake volumes from china [2015-11-04 17:07:33] babybaby : good artilce about bitmex http://fuk.io/trade-bitcoin-with-leverage-make-easy-money-on-current-btc-bubble-incoming/ [2015-11-04 17:07:33] Murch : This isn't chop, this looks perfect. [2015-11-04 17:08:03] Swedishnut : markets doing as markets will [2015-11-04 17:08:32] Murch : China is testing a high again in less than 30 minutes is my prediction. [2015-11-04 17:08:48] Crypto Wealth : Murch: true, the volatility is good [2015-11-04 17:09:32] Yumi : cant see book because of these few contract size orders [2015-11-04 17:09:44] Murch : I don't know how high it will go, but until it stops I'll keep scalping and building what I've got here. [2015-11-04 17:11:09] Murch : 475 and 480 are really good support so I'm feeling good about this. [2015-11-04 17:11:44] stf28 : they are good support ... until they fail , hopefully this won't be now