This is a mirror of the original BitMEX trollbox archive that used to be online here.
BitMEX disabled their archive after the DDOS attack so I have decided to make my mirror publicly available.

Well now, a few days after I made this mirror available to the public, the original archive from BitMEX is online again.
But since it is still limited (neutered to the last few hundred messages) I will keep my FULL mirror alive.

You have access to more than 50 million trollbox posts. This is more than 7 gigabyte of data hosted on a $5 server so please be patient or consider a donation

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[2017-01-13 04:59:31] nOgAnOo : No thanks, i want quick cash, fast cars and faster women
[2017-01-13 05:04:38] micmix : rapidtrades: good time to switch your short from swap to futures to avoid paying funding
[2017-01-13 05:06:49] MikeHunt : micmix: you think its going up?
[2017-01-13 05:07:01] nOgAnOo : of course it's going up
[2017-01-13 05:07:23] nOgAnOo : we were just nearly double this price
[2017-01-13 05:07:24] MikeHunt : looks like its being sold into
[2017-01-13 05:07:27] micmix : no, I think swap will stay with discount for a while so shorts will pay fees
[2017-01-13 05:07:50] micmix : so shorting futures is cheaper
[2017-01-13 05:07:57] micmix : *will be cheaper
[2017-01-13 05:08:15] MikeHunt : micmix: if premium on march is higher, do you make a profit as a short if market goes down?
[2017-01-13 05:08:22] MikeHunt : or just cheaper on fees?
[2017-01-13 05:09:12] micmix : cheaper on fees and better long-term in bear market
[2017-01-13 05:09:38] MikeHunt : micmix: if you were in swap now would it be worth the fees to transfer over now or later?
[2017-01-13 05:11:20] micmix : if you think we're entering long-term bear market it's worth it
[2017-01-13 05:11:32] micmix : if you wait more futures will have negative premium
[2017-01-13 05:11:46] micmix : well they already do
[2017-01-13 05:11:51] REKT : Liquidated long on `XBTUSD`: sell 400 @ 768.07
[2017-01-13 05:11:54] nOgAnOo : UGH
[2017-01-13 05:11:59] nOgAnOo : I WISH I HAD 2 DOLLARS RIGHT NOW
[2017-01-13 05:20:34] MikeHunt : micmix: thnx btw
[2017-01-13 05:31:21] l3f : micmix: or I can withdraw to bitstamp
[2017-01-13 05:31:28] l3f : who will hold my god damn non-deprecating cash
[2017-01-13 05:31:38] MikeHunt : l3f: why not make synthetic deposit here?
[2017-01-13 05:31:52] l3f : MikeHunt: so I can pay 0.375% interest to rekt longs
[2017-01-13 05:32:00] MikeHunt : l3f: march31?
[2017-01-13 05:32:13] l3f : we're well past that point
[2017-01-13 05:32:18] l3f : I'm hedged at 795
[2017-01-13 05:32:37] l3f : and -10 dollars already
[2017-01-13 05:32:38] l3f : rofl
[2017-01-13 05:32:41] REKT : Liquidated short on `XBTUSD`: buy 7 @ 767.99
[2017-01-13 05:32:42] l3f : H17
[2017-01-13 05:32:44] l3f : that is
[2017-01-13 05:36:04] MikeHunt : l3f: shorting 795 and -10$ ?
[2017-01-13 05:36:37] MikeHunt : if ur shorting a lot it takes a while to over come the fees
[2017-01-13 05:37:13] l3f : hmm might be able to just arb the difference actually
[2017-01-13 05:37:15] l3f : but unwinding it may be a pain
[2017-01-13 05:37:41] micmix : not worth it with current liquidity imho
[2017-01-13 05:37:54] MikeHunt : its been really stressful this bear market
[2017-01-13 05:37:59] MikeHunt : most PnD's are quick n easy
[2017-01-13 05:38:16] MikeHunt : potentially looking at a 1.5yr bull market being destroyed by ChEna
[2017-01-13 05:38:48] l3f : What happened to the good old days when it used to pump 1% a day
[2017-01-13 05:38:50] l3f : now it's dump 10% a day
[2017-01-13 05:38:59] j8 : they gave us the bull market in the first place, so they're allowed
[2017-01-13 05:39:11] l3f : micmix: it's illiquid as fuck right now
[2017-01-13 05:39:17] l3f : even the swap
[2017-01-13 05:39:20] l3f : gaping sometimes
[2017-01-13 05:40:07] micmix : all hail China and their communist party ;-)
[2017-01-13 05:40:19] zanza : hail HYDRA
[2017-01-13 05:40:27] MikeHunt : lol
[2017-01-13 05:40:38] l3f : All hail PBoC
[2017-01-13 05:40:48] l3f : based PBoC making btc backflip off a diving board
[2017-01-13 05:41:10] MikeHunt : cnbc said pboc crashed it twice, once at ~8k and again at ~6.5k
[2017-01-13 05:41:14] MikeHunt : 1st they warned about currency
[2017-01-13 05:41:20] MikeHunt : 2nd investigations into exchanges
[2017-01-13 05:41:49] MikeHunt : a 3rd could be the nail in the bulls coffin, okc going to jail
[2017-01-13 05:42:00] MikeHunt : although that might be worth it if it stops the manipulation
[2017-01-13 05:50:36] Dtrade16 : I thought we were all long? What happen?
[2017-01-13 05:54:22] MikeHunt : Dtrade16: chEna doesnt agree apparently
[2017-01-13 05:57:52] Dtrade16 : MikeHunt: Sucks
[2017-01-13 05:58:01] billyboy402 : has bitmex ever had social losses
[2017-01-13 05:58:50] j8 : yeah lots, but it's auto-deleveraging now instead of socialized losses
[2017-01-13 05:59:56] REKT : Liquidated short on `XBTH17`: buy 600 @ 775.60
[2017-01-13 06:00:26] REKT : Liquidated short on `XBTUSD`: buy 1000 @ 773.07
[2017-01-13 06:00:26] REKT : Have a bowl of chop-chop suey!
[2017-01-13 06:00:27] REKT : Liquidated short on `XBTUSD`: buy 7 @ 773.04
[2017-01-13 06:00:27] REKT : Liquidated short on `XBTUSD`: buy 25000 @ 773.53
[2017-01-13 06:06:34] REKT : Liquidated short on `XBTUSD`: buy 2500 @ 776.62
[2017-01-13 06:09:06] MikeHunt : for a downpour of red this is holding up pretty well so far
[2017-01-13 06:10:38] Dtrade16 : MikeHunt: If you guys remember we wer trending upward until this last bit of news
[2017-01-13 06:11:37] Dtrade16 : I say we hit 900 after this is worked out
[2017-01-13 06:12:57] Dtrade16 : 7 is my lucky number and that's how many coins I'm trading with :P
[2017-01-13 06:14:43] Dtrade16 : Who can program me a bot with my own strategy?
[2017-01-13 06:14:56] MikeHunt : Dtrade16: thats how many coins i was trading with up until a few days ago xD
[2017-01-13 06:15:07] Dtrade16 : Lol
[2017-01-13 06:15:18] Dtrade16 : I love the number 7
[2017-01-13 06:15:22] MikeHunt : Dtrade16: im looking coding bots
[2017-01-13 06:15:40] Dtrade16 : MikeHunt: You're learning you mean?
[2017-01-13 06:15:51] Dtrade16 : MikeHunt: Or you're looking for someone to code?
[2017-01-13 06:16:06] Dtrade16 : I have a few strategies I want to test
[2017-01-13 06:16:07] MikeHunt : Dtrade16: i can code already, i just havent done bitcoin bots in particular
[2017-01-13 06:16:25] Dtrade16 : MikeHunt: I can code somewhat too but only html and css
[2017-01-13 06:16:40] MikeHunt : Dtrade16: i recommend learning C
[2017-01-13 06:16:40] Dtrade16 : MikeHunt: I don't know the language that they program bots in
[2017-01-13 06:16:46] Dtrade16 : MikeHunt: C?
[2017-01-13 06:17:04] MikeHunt : yeh its not really bitcoin specific but i found it a gateway to pretty much every other language
[2017-01-13 06:17:16] Dtrade16 : MikeHunt: Sweet
[2017-01-13 06:17:37] Dtrade16 : MikeHunt: Once you have the basics down, it's easier to learn the others
[2017-01-13 06:17:46] MikeHunt : Dtrade16: if thats too much u can always do visual basic first
[2017-01-13 06:17:49] Dtrade16 : I know a bit of java script too
[2017-01-13 06:18:01] MikeHunt : Dtrade16: that'll probably help
[2017-01-13 06:19:18] Dtrade16 : MikeHunt: The programming isn't anything compared to the strategy though
[2017-01-13 06:19:38] Dtrade16 : She wants up not down
[2017-01-13 06:20:20] MikeHunt : Dtrade16: true
[2017-01-13 06:20:38] MikeHunt : Dtrade16: i think first ill make one that uses bitmex test site and keep it there until its profitable
[2017-01-13 06:20:57] Dtrade16 : Where's the test site?
[2017-01-13 06:21:28] Dtrade16 : MikeHunt: Do people do away with just one bot or do you need multiple?
[2017-01-13 06:22:50] MikeHunt : not sure might need to google it
[2017-01-13 06:22:58] MikeHunt : Dtrade16: not sure
[2017-01-13 06:23:14] MikeHunt : Dtrade16: perhaps having some for different time periods/strategies might be helpfulk
[2017-01-13 06:23:29] MikeHunt : Dtrade16: like in bear/bull/sideways markets
[2017-01-13 06:23:53] Dtrade16 : MikeHunt: True
[2017-01-13 06:24:30] Dtrade16 : MikeHunt: I wonder how these mm bots do, like for arbitrage
[2017-01-13 06:24:46] Dtrade16 : MikeHunt: Or spreads
[2017-01-13 06:28:06] MikeHunt : Dtrade16: i suppose arb would work if u could get timing right
[2017-01-13 06:28:28] MikeHunt : only issue with spreads if choppyness will probably rape your bot
[2017-01-13 06:30:26] REKT : Liquidated long on `XBTH17`: sell 4000 @ 775.85
[2017-01-13 06:30:40] Dtrade16 : MikeHunt: True
[2017-01-13 06:32:06] Dtrade16 : MikeHunt: If someone really did long 300k then I think we're going up
[2017-01-13 06:35:01] MikeHunt : Dtrade16: i heard it was a short
[2017-01-13 06:37:43] Dtrade16 : MikeHunt: It was bought on the way down though?
[2017-01-13 06:37:58] Dtrade16 : MikeHunt: What was the reasoning for that?
[2017-01-13 06:41:38] MikeHunt : problem in china is getting hold of a lot of money is real easy
[2017-01-13 06:41:41] MikeHunt : due to corruption
[2017-01-13 06:41:50] MikeHunt : it could mean a dumb bet by a rich noob
[2017-01-13 06:41:59] MikeHunt : or well placed bet by insider
[2017-01-13 06:46:34] REKT : Liquidated short on `ETH7D`: buy 490 @ 0.012170
[2017-01-13 06:51:06] aethlios : this is going 560.
[2017-01-13 06:51:21] jonny : so...
[2017-01-13 06:51:35] Dtrade16 : aethlios: ??
[2017-01-13 06:51:44] Dtrade16 : aethlios: Why do you think?
[2017-01-13 06:52:12] jonny : if , hypothetically, okcoin and btcc will be closed, then will bitmex also be closed - or will bitmex price will be the same as US/EU exchanges?
[2017-01-13 06:52:52] aethlios : https://www.tradingview.com/x/QqTZbA1y/ the trendline from 200 at risk, 18 months bull trend at risk, below the trendline will be bloodboth
[2017-01-13 06:53:48] l3f : aethlios: Depends on how generous our PBoC overlords are
[2017-01-13 06:54:07] l3f : maybe they'll only imprison the staff of Okcasino and leave it at that
[2017-01-13 06:57:14] aethlios : at the end this will be very good for btc, we again go down with irrelevant reasons for btc as technology (network stability etc.) So transparency will be long term good thing.
[2017-01-13 06:59:51] jonny : aethlios: isnt a btc bulltrend only intact if it is exponential anyway?
[2017-01-13 07:01:35] aethlios : my chart shows the trend channel from 200 is in danger, if breaks will be very bad.
[2017-01-13 07:01:53] Dtrade16 : aethlios: It has to first break the 650s doesn't it?
[2017-01-13 07:02:27] aethlios : 690 for march contract
[2017-01-13 07:02:31] Dtrade16 : How come I'm seeing a different chart?
[2017-01-13 07:02:45] Dtrade16 : aethlios: https://www.tradingview.com/chart/w68lQQLs/
[2017-01-13 07:02:54] Dtrade16 : Have I drawn this correctly?
[2017-01-13 07:04:12] johndoe : https://www.reddit.com/r/Bitcoin/comments/5nofcd/breaking_pboc_strikes_again_lending_disabled_on/
[2017-01-13 07:05:13] johndoe : is this why btc fell a few hours ago?
[2017-01-13 07:05:17] aethlios : Dtrade16: https://www.tradingview.com/x/7sGH35dl/ there are 2 channels, i use log scale, you don't but better use log scale.
[2017-01-13 07:08:54] Dtrade16 : johndoe: No more shorting?
[2017-01-13 07:09:45] johndoe : not sure. perhaps just no more margin shorting. But so far this only affects BTCC, not ok-coin AFAIK
[2017-01-13 07:10:44] Dtrade16 : aethlios: How do I do that?
[2017-01-13 07:11:13] aethlios : Dtrade16: chart properties, scales
[2017-01-13 07:11:22] MikeHunt : pboc crashed it twice
[2017-01-13 07:11:26] MikeHunt : 1st with warning at peak
[2017-01-13 07:11:32] Dtrade16 : johndoe: Well hopefully that will take care of the high volatility
[2017-01-13 07:11:35] MikeHunt : 2nd around 6500 which caused second dip
[2017-01-13 07:11:59] MikeHunt : unless pboc strikes again, we should be ok
[2017-01-13 07:12:08] johndoe : i dont know about that. By reducing margin, you reduce liquidity which creates volatility
[2017-01-13 07:12:18] Gekko : Next one will be when btc exchange ceos arrested
[2017-01-13 07:12:45] MikeHunt : Gekko: china has an incentive not to totally kill bitcoin
[2017-01-13 07:13:10] Dtrade16 : aethlios: What is the difference now?
[2017-01-13 07:13:17] MikeHunt : but manipulation has been going on imo at OKC
[2017-01-13 07:13:41] Gekko : honestly, btc mining profits are nothing in the scheme of the Chinese economy
[2017-01-13 07:14:02] Gekko : control, and control of rmb is paramount
[2017-01-13 07:14:13] aethlios : Dtrade16: log shows percentage difference, google it why log scale in charts.
[2017-01-13 07:14:29] Dtrade16 : johndoe: Yah but people are exploiting that margin
[2017-01-13 07:14:45] MikeHunt : what happens if 200 breaks? http://i.imgur.com/6obXxD5.png
[2017-01-13 07:15:00] Gekko : btc could disappear tommorow and the communist party would not be effected either way
[2017-01-13 07:15:25] aethlios : Dtrade16: http://allstarcharts.com/trendlines-logarithmic-scale-charts/
[2017-01-13 07:15:37] johndoe : Dtrade16: what does exploiting margin mean?
[2017-01-13 07:15:41] MikeHunt : Gekko: i think if they try it will just push it underground
[2017-01-13 07:16:11] Gekko : which means less demand, lower price
[2017-01-13 07:17:14] MikeHunt : Gekko: we'll have to wait and see, apparently gambling on btc is very popular in china
[2017-01-13 07:17:20] MikeHunt : i think regulation is probably most likely
[2017-01-13 07:17:21] Gekko : either way, the communist party has no incentive to allow an alternative to the CNY to exist
[2017-01-13 07:17:38] MikeHunt : it lets off steam from devaluation of currency
[2017-01-13 07:17:52] MikeHunt : the alternative is to go Venezuelan style
[2017-01-13 07:18:08] Gekko : today on Bloomberg they are reporting more capital controls
[2017-01-13 07:18:18] MikeHunt : Gekko: thats good for bitcoin
[2017-01-13 07:18:40] aethlios : imagine an anti-communist revolution happens in china after economic crisis (because west nationalist gov. starts trade war), so btc to the moon.
[2017-01-13 07:19:05] MikeHunt : aethlios: yep, trump president soon, label china currency manipulator
[2017-01-13 07:19:09] MikeHunt : aethlios: btc moon
[2017-01-13 07:19:56] aethlios : china debt bubble is based on keeping exports strong.
[2017-01-13 07:20:41] Gekko : not good if they. Make buying btc illegal. It used to be illegal to own gold in USA
[2017-01-13 07:20:53] Dtrade16 : aethlios: I see
[2017-01-13 07:21:25] MikeHunt : i do wonder whether it could lead to ww3
[2017-01-13 07:21:43] MikeHunt : us/china both have bad economic problems and could just end up blowing each other up
[2017-01-13 07:21:59] MikeHunt : usually happens when states cant distract domestic populace anymore
[2017-01-13 07:22:18] MikeHunt : then u got those islands in china sea
[2017-01-13 07:25:09] itsyourboy : What you guys were saying about the long term trends I think is spot on, we're on the cusp of another big downward move
[2017-01-13 07:26:55] johndoe : both sides know a war would be immensely self-destructive. Even ignoring nuclear warfare, the nature of cyber warfare, financial warfare, satellite destruction, etc, is that its very difficult to predict how the war would play out with any reliability. Each side has too many different sets of weapons and possible attacks in non-traditional areas. So each military can't expect a winning strategy.
[2017-01-13 07:27:26] REKT : Liquidated long on `XBTH17`: sell 14000 @ 770.27
[2017-01-13 07:30:02] johndoe : China sees the islands as critical to their national security, because they are necessary to ensure trades can be transported and to ensure that china cannot be easily surrounded/threatened. The U.S. gov's interests in the islands are minimal in comparison which is why the US essentially gave in and let the chinese take them over. US wants regional hegemony but they know that this is not realistic anymore
[2017-01-13 07:32:48] johndoe : By the way, https://www.youtube.com/watch?v=BBe2wpZqN0s is a really good documentary series regarding war with china. Explains things much better than I just briefly did.
[2017-01-13 07:33:13] Dtrade16 : aethlios: There's a trend that started about 4 months ago, that hasn't been broken
[2017-01-13 07:33:43] Dtrade16 : aethlios: It did go through but we found support there, no?
[2017-01-13 07:34:12] aethlios : Dtrade16: found support for now.
[2017-01-13 07:41:32] Dtrade16 : aethlios: Ok
[2017-01-13 07:41:52] MikeHunt : getting too close to comfort
[2017-01-13 07:42:06] MikeHunt : for*
[2017-01-13 07:44:28] Dtrade16 : I got stopped out
[2017-01-13 07:47:18] QuantFocus : https://twitter.com/cnLedger/status/819808775032868865
[2017-01-13 07:47:23] QuantFocus : no more leverage in china?
[2017-01-13 07:48:37] MikeHunt : crash imminant then?
[2017-01-13 07:49:18] QuantFocus : i would think opposite
[2017-01-13 07:49:28] QuantFocus : much harder to speculate without 20x lev
[2017-01-13 07:49:32] Dtrade16 : MikeHunt: It's a good thing
[2017-01-13 07:49:46] MikeHunt : Dtrade16: i know but im thinking perception wise
[2017-01-13 07:49:57] Dtrade16 : A degree of regulation
[2017-01-13 07:50:00] QuantFocus : i'm on the sidelines for now
[2017-01-13 07:50:06] Dtrade16 : MikeHunt: It's gotta be taken as good news no?
[2017-01-13 07:50:35] Dtrade16 : Maybe not idk
[2017-01-13 07:52:23] Dtrade16 : This is good news
[2017-01-13 07:52:40] Dtrade16 : No more bs volume and volatility
[2017-01-13 07:52:46] Dtrade16 : This is very very good
[2017-01-13 07:52:58] Dtrade16 : It's regulation
[2017-01-13 07:53:08] QuantFocus : i would think it's going to stick much closer to fundamental value, if one can be determined
[2017-01-13 07:53:09] Dtrade16 : Unless I am getting that completely wrong
[2017-01-13 07:53:09] micmix : lol @Dtrade16
[2017-01-13 07:53:27] MikeHunt : if they've been faking since 2015
[2017-01-13 07:53:31] MikeHunt : where does that put us now?
[2017-01-13 07:53:58] QuantFocus : i'd agree with @Dtrade16. less opportunity for manipulation imo
[2017-01-13 07:54:18] MikeHunt : but im wondering whether that makes btc overvalued now as a result
[2017-01-13 07:54:33] MikeHunt : the mean before china pumps would make btc worth about 3-4k cny
[2017-01-13 07:54:34] micmix : yes, regulated markets are totally not manipulated /s
[2017-01-13 07:55:26] Dtrade16 : micmix: Not as much, you don't have as much insider trading and volatility
[2017-01-13 07:56:35] micmix : have you seen The Big Short? and it's only one example
[2017-01-13 07:58:32] Dtrade16 : I guess we go down then. I really don't know what to make of the news
[2017-01-13 07:59:08] Dtrade16 : I think it is a positive but I guess it will also lower the price?
[2017-01-13 08:00:04] MikeHunt : micmix: good movie
[2017-01-13 08:00:13] MikeHunt : Dtrade16: twitter seems to be positive
[2017-01-13 08:00:19] MikeHunt : so do china websutes
[2017-01-13 08:00:31] micmix : btc price says otherwise
[2017-01-13 08:00:42] MikeHunt : news is recent
[2017-01-13 08:00:46] MikeHunt : minutes
[2017-01-13 08:00:50] javierstone : MikeHunt: whats the news
[2017-01-13 08:01:08] MikeHunt : javierstone: no more leverage on china exchanges
[2017-01-13 08:01:16] MikeHunt : https://twitter.com/search?f=tweets&q=bitcoin%20margin%20trading&src=typd
[2017-01-13 08:02:26] REKT : Liquidated short on `XBTUSD`: buy 250 @ 771.65
[2017-01-13 08:02:27] micmix : no leverage, no trading, no money to be made, no pumps - price will go way down
[2017-01-13 08:02:39] QuantFocus : ehhh
[2017-01-13 08:02:43] Dtrade16 : here we go
[2017-01-13 08:02:58] MikeHunt : looks like china may have been better off leaving it alone
[2017-01-13 08:03:03] QuantFocus : btc has instrinsic value beyond pump gruops
[2017-01-13 08:03:03] MikeHunt : now it might blow up in their face
[2017-01-13 08:03:06] Dtrade16 : pump
[2017-01-13 08:03:09] Dtrade16 : incoming
[2017-01-13 08:03:56] dodic : opposite day
[2017-01-13 08:04:09] Dtrade16 : Back to 900?
[2017-01-13 08:04:42] aandy : just a random pump? or related to news u think
[2017-01-13 08:04:49] Dtrade16 : aandy: It's news
[2017-01-13 08:05:01] REKT : Liquidated short on `XBTUSD`: buy 3000 @ 780.12
[2017-01-13 08:05:01] REKT : Liquidated short on `XBTUSD`: buy 600 @ 779.78
[2017-01-13 08:05:15] Dtrade16 : China regulating exchanges
[2017-01-13 08:05:20] QuantFocus : looks like 845ish gets us back to support
[2017-01-13 08:05:31] REKT : Liquidated short on `XBTH17`: buy 500 @ 789.66
[2017-01-13 08:05:33] Dtrade16 : QuantFocus: Are we pumping here or what?
[2017-01-13 08:05:40] Dtrade16 : QuantFocus: Think we'll get a move?
[2017-01-13 08:05:46] REKT : Sell your house, sell your wife, sell your kids, BUY BITCOIN!
[2017-01-13 08:05:46] REKT : Liquidated short on `XBTH17`: buy 100000 @ 790.19 **EPIC REKT** :unamused: :confounded: :astonished:
[2017-01-13 08:05:57] QuantFocus : i'm not convinced of anything at the moment
[2017-01-13 08:06:05] QuantFocus : 845 would be nice confirmation
[2017-01-13 08:06:07] dodic : ugh this is all crazy
[2017-01-13 08:06:38] QuantFocus : the fact that the exchanges are still operational is good news, and I don't think the removal of leverage is terrible
[2017-01-13 08:06:39] Dtrade16 : Come on bay
[2017-01-13 08:06:40] Dtrade16 : baby
[2017-01-13 08:07:05] Dtrade16 : QuantFocus: It's not it's better for everyone
[2017-01-13 08:07:31] jonny : QuantFocus: removal of leverage where?
[2017-01-13 08:07:36] Dtrade16 : Except for the manipulators
[2017-01-13 08:07:43] QuantFocus : choyna
[2017-01-13 08:07:44] Dtrade16 : jonny: Chinese exchanges
[2017-01-13 08:07:59] Dtrade16 : QuantFocus: I bet a lot of people are going to move into BTC after this
[2017-01-13 08:08:00] QuantFocus : https://twitter.com/cnLedger/status/819808775032868865
[2017-01-13 08:08:03] jonny : Dtrade16: there are news today?
[2017-01-13 08:08:04] Dtrade16 : QuantFocus: The avg investor
[2017-01-13 08:08:15] Dtrade16 : jonny: News just broke
[2017-01-13 08:08:40] Dtrade16 : We'll see what happens
[2017-01-13 08:10:20] jonny : bitmex is also chinese?
[2017-01-13 08:13:44] Dtrade16 : People buying?
[2017-01-13 08:13:55] Dtrade16 : It's only for margin trading
[2017-01-13 08:13:57] MikeHunt : seems to be the case
[2017-01-13 08:14:07] MikeHunt : Dtrade16: only for chinese citizens iirc
[2017-01-13 08:14:15] MikeHunt : Dtrade16: okcoin international unaffected iirc
[2017-01-13 08:14:31] johndoe : definitely good news for bitmex. tons of people going to come here to trade with leverage from china i'd assume
[2017-01-13 08:14:49] Dtrade16 : MikeHunt: Problems in China
[2017-01-13 08:14:54] Dtrade16 : johndoe: No they won't
[2017-01-13 08:15:02] Dtrade16 : I like this news guys
[2017-01-13 08:15:08] johndoe : why not
[2017-01-13 08:15:15] Dtrade16 : I think it's positive
[2017-01-13 08:15:29] Dtrade16 : johndoe: Because they use their own exchanges
[2017-01-13 08:15:37] Dtrade16 : johndoe: It's too much work
[2017-01-13 08:15:38] dodic : so is this all priced in then?
[2017-01-13 08:15:53] johndoe : yeah, but those exchanges don't have leverage anymore which is absolutely necessary for many players.
[2017-01-13 08:16:22] Kalman : what about the time given to reduce leverage?!
[2017-01-13 08:16:27] johndoe : it's not much work - you just transfer BTC to the address here. No CNY or USD used.
[2017-01-13 08:16:27] Kalman : Any info?
[2017-01-13 08:19:44] KyllingLolsson : Omg i just had this dream when btc went way way below 200 usd
[2017-01-13 08:20:11] KyllingLolsson : Just one gigantic red dildo
[2017-01-13 08:20:43] MikeHunt : KyllingLolsson: wet dream?
[2017-01-13 08:21:15] KyllingLolsson : MikeHunt: i bought like 50 btc
[2017-01-13 08:21:39] MikeHunt : KyllingLolsson: like nearly 10x more than i have lol
[2017-01-13 08:21:55] Dtrade16 : Seems like selling on finex
[2017-01-13 08:24:12] micmix : well, my MM now provides 3 times less liquidity on all Chinese exchanges. good luck with your longs ;-)
[2017-01-13 08:24:54] MikeHunt : micmix: you think it cause crash?
[2017-01-13 08:25:07] dodic : man its like a substance at it's triple point... the slightest change could make it freeze, melt, boil
[2017-01-13 08:25:11] micmix : most likely
[2017-01-13 08:25:20] MikeHunt : okc is moving up
[2017-01-13 08:25:42] dodic : lol okc moving up, bfx moving down
[2017-01-13 08:25:53] dodic : difference in opinion
[2017-01-13 08:26:01] MikeHunt : china = 90%+ volume
[2017-01-13 08:26:03] micmix : pump, big sell off, rinse and repeat
[2017-01-13 08:26:25] Kalman : Does have anyone know what timeframe was given to reduce leverage?
[2017-01-13 08:27:13] rms : i'm still looking for the china and us price to cross over
[2017-01-13 08:27:15] micmix : you can't borrow more than 1x anymore
[2017-01-13 08:27:20] Kalman : micmix: just the big selloff missing
[2017-01-13 08:27:42] MikeHunt : euphoria from no more fakey?
[2017-01-13 08:27:43] Kalman : micmix: open pos can stay
[2017-01-13 08:27:43] rms : i'd be super surprised if we don't have another selloff before pump
[2017-01-13 08:27:44] Kalman : ?
[2017-01-13 08:27:52] KyllingLolsson : Do anyoone believe eth will ever see btc levels?
[2017-01-13 08:27:56] micmix : yes, can stay for now
[2017-01-13 08:29:37] MikeHunt : sell off? this things climbing upwards
[2017-01-13 08:30:09] Kalman : premium/discount getting in line
[2017-01-13 08:30:51] CarCon : simple question guys, if my position is deleveraged does that mean it will be 100% closed?
[2017-01-13 08:31:39] johndoe : CarCon: amazingly, yes. My short was a few days ago. Very bizarre system.
[2017-01-13 08:32:28] Kalman : actually depends on the counterparts pos size
[2017-01-13 08:33:37] Sinterklaas : the banning of leverage in china, means they don't BAN btc. so positive news and back to 1000 usd
[2017-01-13 08:34:04] MikeHunt : yeh
[2017-01-13 08:34:14] Kalman : Sinterklaas: quite short sighted
[2017-01-13 08:34:27] Sinterklaas : Kalman: thanks...
[2017-01-13 08:34:32] Sinterklaas : ;) why?
[2017-01-13 08:34:33] Kalman : its a trial balloon
[2017-01-13 08:34:39] Sinterklaas : yes
[2017-01-13 08:34:44] Kalman : further measures coming
[2017-01-13 08:34:59] l3f : lmao spot price is so high because everyone is closing shorts
[2017-01-13 08:35:10] l3f : so they don't get hit with 0.375%
[2017-01-13 08:35:39] CarCon : Kalman: Ah ok thx, is it always 100% or do they close it partially in some occasions?
[2017-01-13 08:36:59] MikeHunt : Kalman: apparently licensing may come next
[2017-01-13 08:37:34] aethlios : need to learn if those exchanges have 100% client reserves. with no fees lets waot for the result.
[2017-01-13 08:37:52] zanza : banning leverage trading
[2017-01-13 08:38:03] zanza : interesting development
[2017-01-13 08:38:20] itsyourboy : MikeHunt: I would be careful of opening a postion now, could very easily take another dive here, zoom out
[2017-01-13 08:39:28] BTCDJS : 863 or 950 guys?
[2017-01-13 08:39:30] MikeHunt : itsyourboy: true
[2017-01-13 08:40:25] MikeHunt : how long til march index pops up?
[2017-01-13 08:42:41] johndoe : if they ban leverage this quickly, and are asking for detailed reports from the exchanges on all sorts of topics, it implies that this is simply a first step and there will be more regulations/interventions
[2017-01-13 08:43:10] Sinterklaas : BTCDJS: 950
[2017-01-13 08:43:44] Dtrade16 : johndoe: which is good
[2017-01-13 08:45:08] johndoe : i don't see reducing liquidity as a positive step. Banning margin has all sorts of ripple effects. It makes hedging harder, trading less profitable, and means smaller volume of bitcoin trading hands.
[2017-01-13 08:45:19] dodic : definitely either $50k or $100
[2017-01-13 08:48:02] johndoe : i know people like to bash derivatives as increasing volatility and creating other problems, but it is primarily the opaque derivatives that have that effect - like mortgage-backed securities, etc. Other standardized derivatives like on the CME exchange probably don't increase volatility and definitely increase liquidity across the whole market which means you can catch a bid in a collapsing market.
[2017-01-13 08:48:41] johndoe : of course, bitmex is a leveraged derivative platform so clearly some people depend on them.
[2017-01-13 08:49:10] MikeHunt : im still unsure how to interpret this
[2017-01-13 08:49:12] MikeHunt : good or bad?
[2017-01-13 08:50:13] johndoe : keep in mind that the 2013 rally as a simple example was before the arrival of margin trading AFAIK. That rally was far more volatile than this latest rally/collapse. Liquidity reduces volatility and margin trading increases liquidity.
[2017-01-13 08:50:53] Dtrade16 : In this case margin is being used for manipulation
[2017-01-13 08:51:19] johndoe : And events like 1987 stock market crash were not caused by derivatives/futures despite a 20% fall in one day.
[2017-01-13 08:52:08] johndoe : there is no way to know what is manipulation or what percentage of margin trading would be considered manipulation.
[2017-01-13 08:52:57] Dtrade16 : I think this is good news
[2017-01-13 08:53:06] Dtrade16 : That's what I feel but I could be very wrong
[2017-01-13 08:53:40] MikeHunt : johndoe: i think fed causes it with money supply
[2017-01-13 08:54:00] Dtrade16 : MikeHunt: It was just a regular economic cycle
[2017-01-13 08:54:07] Dtrade16 : MikeHunt: Exactly
[2017-01-13 08:54:50] Dtrade16 : MikeHunt: You gotta watch that documentary Trader
[2017-01-13 08:55:07] Dtrade16 : The guy that was in that predicted the crash
[2017-01-13 08:55:22] Dtrade16 : It was a pretty cool doc
[2017-01-13 08:55:31] johndoe : MikeHunt: i agree. the 2008 crisis was ultimately the long-term effect of gov. interventions and manipulation via the fed and housing policies.
[2017-01-13 08:55:45] MikeHunt : Dtrade16: ill check that out
[2017-01-13 08:56:06] Dtrade16 : MikeHunt: Let me know if you have trouble finding it
[2017-01-13 08:56:23] Dtrade16 : MikeHunt: It gets taken down from time to time due to copyright
[2017-01-13 08:57:16] MikeHunt : Dtrade16: paul tudor jones?
[2017-01-13 08:57:22] Dtrade16 : MikeHunt: Yah
[2017-01-13 08:57:30] Dtrade16 : MikeHunt: Savage lol
[2017-01-13 08:57:51] MikeHunt : Dtrade16: dling, ill watch later
[2017-01-13 08:58:05] MikeHunt : ty
[2017-01-13 09:05:54] Kalman : johndoe: we are still in the crisis; we never made it out!
[2017-01-13 09:08:12] MikeHunt : Kalman: embrace the temporary euphoria
[2017-01-13 09:08:15] johndoe : Kalman: We're definitely in a long-term depression put into place to stave off a bigger collapse.
[2017-01-13 09:09:25] Kalman : just making it worse ...
[2017-01-13 09:09:36] Dtrade16 : MikeHunt: cool
[2017-01-13 09:09:48] Dtrade16 : MikeHunt: It's online
[2017-01-13 09:09:59] Dtrade16 : You don't need to dl it
[2017-01-13 09:11:34] MikeHunt : Dtrade16: too late ;)
[2017-01-13 09:12:16] Dtrade16 : MikeHunt: lol cool
[2017-01-13 09:18:04] Kalman : Cutting leverage for BTC trading while the whole economy is leveraged via fractional reserve banking!! Its funny. And the reason for this "to stabilize economic cycles". Maybe its introducing the economic cycles?!
[2017-01-13 09:20:38] Kalman : I mean the reason for fractional reserve banking is to stabilize ...
[2017-01-13 09:21:43] Kalman : So if our cyna friend cant leverage on ... he just goes to his local bank and ask for a business loan ...
[2017-01-13 09:22:38] Kalman : Buying/selling fish/commodities/ "internet goods"
[2017-01-13 09:23:18] Kalman : Or what is BTC called in china?
[2017-01-13 09:26:03] johndoe : true, although i imagine a lot of the time they don't go to banks with a business idea - they go to loan sharks
[2017-01-13 09:26:53] BetterNick : The three biggest global bitcoin exchanges, BTCC, OKCoin and Huobi, currently under “inspection” by the Chinese authorities, have stopped margin trading. We can further confirm that OKCoin no longer offers futures trading to Chinese citizens. Non-Chinese citizens can continue to use the international version (OKCoin.com) which appears to continue providing 3x margins and up to 20x futures.
[2017-01-13 09:27:03] BetterNick : https://www.cryptocoinsnews.com/chinese-exchanges-stop-futures-and-margin-trading-for-chinese-citizens/
[2017-01-13 09:27:11] BetterNick : Is this true?
[2017-01-13 09:28:01] johndoe : sadly, yes
[2017-01-13 09:28:32] BetterNick : Old news?
[2017-01-13 09:28:41] johndoe : i just hope that some of those chinese people come to bitmex and increase liquidity here.
[2017-01-13 09:29:15] johndoe : news came out earlier - perhaps about 5 hours ago
[2017-01-13 09:29:21] BetterNick : Yes, it's definitely an opportunity for other exchanges.
[2017-01-13 09:29:37] BetterNick : Thanks @johndoe
[2017-01-13 09:30:11] Dtrade16 : johndoe: Wasn't 5 hours ago
[2017-01-13 09:30:15] Dtrade16 : It just broken
[2017-01-13 09:30:18] Dtrade16 : broke
[2017-01-13 09:31:34] Dtrade16 : Did Europe just wake up?
[2017-01-13 09:31:41] johndoe : https://www.reddit.com/r/Bitcoin/comments/5nofcd/breaking_pboc_strikes_again_lending_disabled_on/ - 3 hours ago regarding btcc
[2017-01-13 09:32:55] Dtrade16 : Crazy
[2017-01-13 09:33:10] Dtrade16 : I don't know if that reddit post means much though
[2017-01-13 09:33:25] Dtrade16 : I mean I just saw it hit twitter
[2017-01-13 09:33:28] Dtrade16 : Not long ago
[2017-01-13 09:33:42] dodic : so either china is just holding their breath for the first person to sell or this type of news is already priced in
[2017-01-13 09:33:43] johndoe : oops that reddit post was actually 5 hours ago, just refreshed page.
[2017-01-13 09:34:28] Dtrade16 : johndoe: true
[2017-01-13 09:34:34] johndoe : i dont know when the news broke in china but there was big move down about 6 1/2 hours ago
[2017-01-13 09:34:43] dodic : ahhh
[2017-01-13 09:34:47] dodic : makes sense now
[2017-01-13 09:35:22] Ahhere : Is bitcoin dead guys
[2017-01-13 09:35:24] Dtrade16 : johndoe: 2% not really that big of a move down though
[2017-01-13 09:35:49] Dtrade16 : What were we at before? 805-810?
[2017-01-13 09:35:49] dodic : Ahhere: It ded
[2017-01-13 09:35:55] Ahhere : should I move to a safe haven like beanie babies
[2017-01-13 09:36:08] Ahhere : long golden showers
[2017-01-13 09:36:33] johndoe : ok-coin went from 790 to 745 5 hours ago, but now it has rebounded somewhat
[2017-01-13 09:36:55] johndoe : bitstamp from 810 to 780ish
[2017-01-13 09:37:06] tardigrade : bitcoin is a ponzi scheme
[2017-01-13 09:37:17] tardigrade : you should sell now
[2017-01-13 09:39:10] VenCap : Bullish on Bitcoin atm
[2017-01-13 09:39:41] VenCap : Going Long John.
[2017-01-13 09:40:52] johndoe : i got short at about 800, so maybe i'm talking my position, but every other chinese gov. intervention caused btc to go down recently. Some people say this will all end up being good, because btc will be more regulated and normalized in the long-term. But in the short run, i think it just increases uncertainty and has definitely decreased liquidity. So I'm gonna hold short for now.
[2017-01-13 09:41:31] REKT : Liquidated short on `XBTUSD`: buy 120 @ 783.97
[2017-01-13 09:42:06] REKT : Liquidated short on `XBTUSD`: buy 2300 @ 786.68
[2017-01-13 09:42:09] VenCap : hard to buy btc under 760 euro on Stamp
[2017-01-13 09:42:16] REKT : Liquidated short on `XBTUSD`: buy 7000 @ 787.58
[2017-01-13 09:42:18] VenCap : someones been eating all the sells under 760 euro
[2017-01-13 09:43:34] REKT : Liquidated short on `XBTUSD`: buy 500 @ 788.02
[2017-01-13 09:44:24] BetterNick : So far the market doesn't seem to be impressed by the news. Could be that the OKCoin futures were leading the bitcoin price. Now the Chinese can't trade there anymore.
[2017-01-13 09:45:16] REKT : Liquidated short on `XBTUSD`: buy 6 @ 788.63
[2017-01-13 09:45:16] REKT : :btc: :rocket: :crescent_moon:
[2017-01-13 09:46:57] johndoe : touched 61.8 retracement on btcc
[2017-01-13 09:51:40] Dtrade16 : johndoe: From what level?
[2017-01-13 09:52:23] johndoe : from high to low of last 12 hours
[2017-01-13 09:55:48] ayy_lmao : lol @ full retrace
[2017-01-13 10:25:17] dodic : its like im taking crazy pills
[2017-01-13 10:25:24] birdie numn : im so confused rn. next h up or down?
[2017-01-13 10:25:31] Apocalyptic : it's pumpin
[2017-01-13 10:29:08] johndoe : goin down, increased my shorts at 804 on futures
[2017-01-13 10:41:30] bingbongfly : nice pump btc, guess west doesn't care about china fake news
[2017-01-13 10:41:49] bingbongfly : ? ? hehehe nice icons
[2017-01-13 10:45:19] bingbongfly : hm borrowing fiat to long btc will be much easier than borrowing btc to short.. just a thought I had. What do you think?
[2017-01-13 10:45:54] rms : credit cards work for either...
[2017-01-13 10:46:55] Dtrade16 : rms: You guys long or short?
[2017-01-13 10:48:22] aethlios : low daily volume, sellers just stopped the sell gun machines to cool down, will start firing soon.
[2017-01-13 10:50:05] bingbongfly : rms: Hm it does? how come?
[2017-01-13 10:50:27] bingbongfly : Dtrade16: I'm long, medium position with small profit close to breakeven.
[2017-01-13 10:51:31] bingbongfly : I'm looking for a sell target around 890-900$ and a stop at 740$. Good risk reward ratio where I lose half if stopped and can double my capital at risk if I manage to sell at my target
[2017-01-13 10:55:32] johndoe : 0.00% predicted funding in 9 hours
[2017-01-13 10:55:55] johndoe : yet -0.3750% in 1 hour - never seen that before
[2017-01-13 10:56:17] bingbongfly : It's pretty common john, at least I've seen it many times lately
[2017-01-13 10:56:35] bingbongfly : the predicted funding rate will most likely change
[2017-01-13 10:56:49] johndoe : oh ok
[2017-01-13 10:57:37] j8 : there is a max change of 0.375%, so it's not a coincidence that it's exactly zero
[2017-01-13 10:59:45] holybit : what is the fee for opening 1 Lot buy position of bitcoin
[2017-01-13 11:09:23] BitMEX_Wally : holybit: Taker fee is 0.075% of the value of the trade
[2017-01-13 11:09:26] REKT : Liquidated short on `XBTUSD`: buy 2 @ 794.48 :punch: :whale:
[2017-01-13 11:11:55] birdie numn : 2 days and 8 trades later im 1,2% down from my initial investment and totally clueless
[2017-01-13 11:12:08] birdie numn : what is there to take away from all of this?
[2017-01-13 11:12:15] birdie numn : chyna is YUUGE?
[2017-01-13 11:15:33] holybit : SO if i open a buy position of 0.1xbt. What is my fee
[2017-01-13 11:18:41] PearlPitcher : Yeah holybit, I have spent 2 months on this site and still haven´t got a clue how this site works. And I am a full time forex trader.
[2017-01-13 11:21:47] johndoe : top of the screen has something that says "References"
[2017-01-13 11:22:08] johndoe : within that you can find many things including fees
[2017-01-13 11:22:10] johndoe : https://www.bitmex.com/app/fees
[2017-01-13 11:24:49] birdie numn : gently caress it im going long
[2017-01-13 11:27:04] Ahhere : birdie numn: welcome to the party
[2017-01-13 11:27:40] itsyourboy : birdie numn: risky
[2017-01-13 11:28:08] micmix : everyone, long to the max! btc forever!
[2017-01-13 11:28:18] Ahhere : itsyourboy: sex is risky just wear a condom i mean stop
[2017-01-13 11:29:11] nOgAnOo : Good morning pear pies
[2017-01-13 11:29:21] Ahhere : nOgAnOo: alright babes
[2017-01-13 11:29:23] nOgAnOo : I see I was right about my call last night
[2017-01-13 11:29:34] nOgAnOo : Had my friend go long at 760 something
[2017-01-13 11:29:41] nOgAnOo : since I ran out of gambling money
[2017-01-13 11:29:57] nOgAnOo : Ahhere
[2017-01-13 11:30:01] nOgAnOo : did you hear what happened
[2017-01-13 11:30:38] johndoe : hope you tel him when to close his position as well
[2017-01-13 11:32:12] nOgAnOo : yeah I told him 8 or 820 probably
[2017-01-13 11:32:29] nOgAnOo : since FUD we probably won't go to high
[2017-01-13 11:32:33] nOgAnOo : So guys
[2017-01-13 11:32:42] micmix : $8 is a good price to close
[2017-01-13 11:32:43] nOgAnOo : Last night I got 1000 dollars of kerosene heaters out of the garbage
[2017-01-13 11:32:50] nOgAnOo : 3 of them
[2017-01-13 11:33:01] nOgAnOo : Gonna pay off my new laptop today
[2017-01-13 11:33:14] nOgAnOo : The stupid tractor supply throws away tons of new stuff
[2017-01-13 11:33:20] nOgAnOo : every time I look in their garbage
[2017-01-13 11:33:24] nOgAnOo : I'm gonna start blogging about it
[2017-01-13 11:33:43] nOgAnOo : these 3 different heaters were obviously the floor displays
[2017-01-13 11:33:48] nOgAnOo : brand new
[2017-01-13 11:33:54] nOgAnOo : woth ONE THOUSAND DOLLARS!!!!!!!!!
[2017-01-13 11:34:02] nOgAnOo : And I pulled them out of the trash
[2017-01-13 11:34:06] nOgAnOo : I am so happy
[2017-01-13 11:34:52] johndoe : $1000 meaning you sold them or retail? kinda different
[2017-01-13 11:35:21] johndoe : but i'm happy for ya
[2017-01-13 11:35:54] nOgAnOo : retail
[2017-01-13 11:36:03] nOgAnOo : so I should get at least 3-500
[2017-01-13 11:37:03] nOgAnOo : Gotta buy some kerosene today and confirm they work
[2017-01-13 11:38:31] birdie numn : nOgAnOo: dont blow up bb
[2017-01-13 11:44:23] nOgAnOo : thanks bb
[2017-01-13 11:46:45] nOgAnOo : I am love with you.
[2017-01-13 11:46:52] nOgAnOo : Anyone wanna skype and study the bible with me?
[2017-01-13 11:49:00] xfree : lose
[2017-01-13 11:55:27] aethlios : nOgAnOo: better study technical analysis books, could save you money.
[2017-01-13 12:04:27] nOgAnOo : ummm
[2017-01-13 12:04:35] nOgAnOo : 15% on my first trade
[2017-01-13 12:04:36] nOgAnOo : not too bad
[2017-01-13 12:04:43] nOgAnOo : up to 0.0023 again