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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[2017-01-18 02:33:14] Papou : it recovered fine
[2017-01-18 02:33:40] shiroe : 6150 was support earlier, it turned resistance again.
[2017-01-18 02:34:43] shiroe : fear is spreading as well.
[2017-01-18 02:34:44] aethlios : the final results of the investigation will move the market strong. let's wait.
[2017-01-18 02:35:09] Papou : what investigation results, there is nothing pending
[2017-01-18 02:35:13] Papou : pboc made their statements
[2017-01-18 02:35:20] Papou : thats it, warned investors, less margin
[2017-01-18 02:35:32] Papou : what announcement are u waiting for...
[2017-01-18 02:35:42] shiroe : who knows, but i feel a leg down under 6k.
[2017-01-18 02:35:49] Papou : i doubt it
[2017-01-18 02:35:54] Papou : shouldve happened already
[2017-01-18 02:35:57] Papou : 6k held
[2017-01-18 02:36:02] REKT : Liquidated long on `XBCH17`: sell 5000 @ 6115.8
[2017-01-18 02:36:04] shiroe : wait for it.
[2017-01-18 02:36:48] nOgAnOo : I'm sitting on the bench now
[2017-01-18 02:36:49] MikeHunt : somewhere in 5800s perhaps
[2017-01-18 02:36:51] nOgAnOo : warming up to bat
[2017-01-18 02:37:51] Papou : lol mikehunt
[2017-01-18 02:37:52] shiroe : MikeHunt: +1
[2017-01-18 02:38:07] Papou : there is no way
[2017-01-18 02:38:12] Papou : then the pump is for nothing? come on
[2017-01-18 02:38:13] nOgAnOo : 808 by tomorrow at 6pm central time
[2017-01-18 02:38:23] nOgAnOo : Papou :)
[2017-01-18 02:38:27] Papou : noganoo, i told u, that happens, $100
[2017-01-18 02:38:28] Papou : to u
[2017-01-18 02:38:32] Noobz : you just want $100
[2017-01-18 02:38:37] Noobz : lol
[2017-01-18 02:38:43] Papou : shiroe if ur right
[2017-01-18 02:38:45] Papou : u get 50$
[2017-01-18 02:38:50] Papou : whats the bottom target shiroe?
[2017-01-18 02:39:10] abbey : i don't believe under 6kcny
[2017-01-18 02:39:16] MikeHunt : actually we may have just found support
[2017-01-18 02:39:27] shiroe : Papou: like mike said, 5800. If it breaks 6200 again, we go bull.
[2017-01-18 02:39:39] Papou : lol
[2017-01-18 02:39:43] Papou : 5800 isnt a support
[2017-01-18 02:39:52] Papou : its 5500 or down
[2017-01-18 02:39:59] nOgAnOo : hehe
[2017-01-18 02:40:08] Papou : but its not breaking 6100 again
[2017-01-18 02:40:21] Papou : i have no idea what they are doing though lol
[2017-01-18 02:40:29] abbey : Papou: +1
[2017-01-18 02:40:44] shiroe : i rely on 4hr 15min chart. XD
[2017-01-18 02:41:18] shiroe : XABCD
[2017-01-18 02:41:24] MikeHunt : looks like we might have enough power to get to 6450
[2017-01-18 02:41:30] MikeHunt : the we drop big time apparently
[2017-01-18 02:43:29] MikeHunt : think we jus tested fib 78
[2017-01-18 02:44:21] anonymous123421 : MikeHunt: What's the top and bottom of your fib retracements?
[2017-01-18 02:44:56] MikeHunt : 6381 -> 4885
[2017-01-18 02:45:02] shiroe : Waiting for confirmation which position to take :P
[2017-01-18 02:46:19] shiroe : if there is no buy above 6150, hmmm..
[2017-01-18 02:46:22] narnarfromnarnia : shiroe: ema is crossing on 4h if this 15m has some power also daily looks good
[2017-01-18 02:47:04] MikeHunt : look at jan 13th on 1hr, similar pattern to expect today i think
[2017-01-18 02:47:12] MikeHunt : few tests of floor, then moon
[2017-01-18 02:47:17] shiroe : narnarfromnarnia: yes, daily looks good till 6500. then decision time.
[2017-01-18 02:47:55] KingTuna : PBOC ready to pounce again, otherwise a hack pending
[2017-01-18 02:49:37] Ghostspyder : KingTuna: +1 lol
[2017-01-18 02:50:05] shiroe : t minus 10mins, ready to take position.
[2017-01-18 02:53:26] narnarfromnarnia : shiroe: watching 15M?
[2017-01-18 02:53:51] shiroe : 30 min. if green or red. haha
[2017-01-18 02:55:15] thedoc : I'm a dumbass. Just lost 2 btc lol trying guess the bottom on high leverage and closed out on sign of weakness. This will probably dumb. Should have just held my short
[2017-01-18 02:55:31] thedoc : I'll short to make it back
[2017-01-18 02:57:04] nOgAnOo : sorry to hear that doc
[2017-01-18 02:58:04] shiroe : that sucks. you can make it back asap.
[2017-01-18 02:58:40] abbey : 30min and 1 hour stochrsi and 2 hour fud suggest up
[2017-01-18 02:58:51] MrRGnome : I just impulsively longed. Goodbye money.
[2017-01-18 02:59:00] narnarfromnarnia : thedoc: don't short at the bottom :)
[2017-01-18 02:59:37] KingTuna : Indicators show more down
[2017-01-18 02:59:44] shiroe : be careful, always cut loss 5dollars from your position.
[2017-01-18 02:59:53] KingTuna : Thing is, every trader with a position, looks for something in the chart that affirms their position LOL
[2017-01-18 02:59:57] KingTuna : They can't stay objective
[2017-01-18 03:00:30] Noobz : lol too true
[2017-01-18 03:01:17] abbey : fud indicator tells another story @KingTuna
[2017-01-18 03:01:30] shiroe : green! letg up!
[2017-01-18 03:03:43] abbey : also all time trend indicator looks great
[2017-01-18 03:04:58] shiroe : cut loss, 3dollars down. lels.
[2017-01-18 03:11:23] abbey : time for some serious FOMO!
[2017-01-18 03:12:27] KingTuna : Nice head and shoulder pattern forming... Looks like the last shoulder happening before down down to China town
[2017-01-18 03:12:45] Papou : i did see that head and shoulders forming from 830
[2017-01-18 03:13:01] Papou : this whole pump was head and shoulders but will it go back to 830 and test support because it was resistance?
[2017-01-18 03:14:32] abbey : KingTuna: neck not proper
[2017-01-18 03:15:11] abbey : won't work
[2017-01-18 03:18:30] KingTuna : abbey: I take it you're long ;) As I said traders in a position, always look for something that reaffirms their position in the charts LOL
[2017-01-18 03:18:58] KingTuna : Much apologies for the market makers not painting the chart better hahaha
[2017-01-18 03:19:09] KingTuna : They missed a smiley face as well
[2017-01-18 03:20:12] shiroe : color it red!
[2017-01-18 03:36:49] narnarfromnarnia : KingTuna: what time frame do you watch?
[2017-01-18 03:44:17] abbey : there is no complete h&s neck line anywhere
[2017-01-18 03:45:06] narnarfromnarnia : the price is going to move wherever it will get the most rekts
[2017-01-18 03:45:13] narnarfromnarnia : regardless of trend
[2017-01-18 03:45:32] narnarfromnarnia : whatever your liq price is, it's goin there
[2017-01-18 03:45:36] narnarfromnarnia : lol
[2017-01-18 03:45:49] abbey : that makes the trend mate
[2017-01-18 03:48:57] Papou : lol
[2017-01-18 03:49:10] knikky : if it goes down, so many longs are ultra fucked
[2017-01-18 03:49:22] Papou : could be an exit pump
[2017-01-18 03:49:34] Papou : due to no news
[2017-01-18 03:49:36] Papou : and parabolic
[2017-01-18 03:49:54] Papou : wonder how it pumps 10% with limited leverage now
[2017-01-18 03:56:00] knikky : bit more and it gets crazy
[2017-01-18 03:58:51] Papou : bit more what
[2017-01-18 04:01:14] knikky : bit lower
[2017-01-18 04:03:30] knikky : sometimes i forget that the context in my mind is only there :P
[2017-01-18 04:04:31] REKT : Liquidated short on `XBCH17`: buy 127 @ 6161.7
[2017-01-18 04:04:31] REKT : Close your longs, close your shorts, choppy waters ahead!
[2017-01-18 04:23:10] MrRGnome : That should read "Close yo longs, close yo shorts, they rapin' errebod' out hea
[2017-01-18 04:29:46] enki0182 : why did rekt say close shorts and longs?
[2017-01-18 04:30:13] enki0182 : i thought rekt was a bot
[2017-01-18 04:33:58] DudeWhat : Well if REKT is a bot that would explain the message. There were probably people hell bent on shorting price came up and they got liquidated.
[2017-01-18 04:36:17] knikky : its a bot that announces liquidationa
[2017-01-18 04:36:22] knikky : and sometimes has cheeky shit to say
[2017-01-18 04:36:30] enki0182 : rofl - ok thanks
[2017-01-18 04:39:38] DudeWhat : There we go
[2017-01-18 04:44:16] Papou : bull run again
[2017-01-18 05:02:30] datboiyuan : MANASSAS
[2017-01-18 05:07:04] nOgAnOo : Lol.. I just accidentally market closed
[2017-01-18 05:07:10] nOgAnOo : lost a good bit
[2017-01-18 05:07:15] nOgAnOo : Don't trade tired..
[2017-01-18 05:12:31] arbitrage101 : buy the dip,
[2017-01-18 05:40:36] VenCap : break $950 easy today
[2017-01-18 05:47:16] VenCap : Nice spread $10
[2017-01-18 05:50:55] daveberns1 : crazy how low, and even negative the prems are!
[2017-01-18 05:51:30] daveberns1 : getting a discount to hold futures for a deflationary asset hmmm
[2017-01-18 05:52:09] daveberns1 : something certainly is fishy though
[2017-01-18 05:52:22] daveberns1 : stinks like week old cat fish
[2017-01-18 05:54:54] dodic : wow yeah that discount is surprising
[2017-01-18 05:55:06] arbitrage101 : yes, buy the dip
[2017-01-18 05:55:26] arbitrage101 : we will all drive ferrari in a year
[2017-01-18 05:55:51] daveberns1 : the dip was last week...
[2017-01-18 05:56:31] arbitrage101 : not too late, my friend
[2017-01-18 05:56:54] arbitrage101 : 900 is cheap when you know it will worth 1 million next year
[2017-01-18 05:57:09] daveberns1 : lol
[2017-01-18 05:57:31] daveberns1 : we may be decades away from $1mil
[2017-01-18 05:57:42] daveberns1 : but it could hit $2000 this year
[2017-01-18 05:57:58] arbitrage101 : that is what people said when it was below 1 dollar
[2017-01-18 05:57:58] daveberns1 : it could also hit $200
[2017-01-18 06:09:10] KingTuna : Shoulder being completed within next few hours and then down
[2017-01-18 06:14:44] VenCap : dump it more please.
[2017-01-18 06:14:49] VenCap : nom nom
[2017-01-18 06:21:46] ayy_lmao : this bitmex discount lol
[2017-01-18 06:25:23] micmix : discount is here for a reason, we're running out of dip buyers
[2017-01-18 06:27:16] arbitrage101 : i am still alive
[2017-01-18 06:27:21] arbitrage101 : just getting more greedy
[2017-01-18 06:28:25] ayy_lmao : micmix: everyone shorting?
[2017-01-18 06:28:45] arbitrage101 : net neutral here as always
[2017-01-18 06:30:09] arbitrage101 : looks like bitmex will have more competition in the foreseeable futre
[2017-01-18 06:30:11] micmix : shorts=longs but I suspect more traders are short vs MM longs
[2017-01-18 06:30:35] micmix : I mean here on Bitmex
[2017-01-18 06:30:50] ayy_lmao : ahh yah i forgot
[2017-01-18 06:31:11] arbitrage101 : of course, otherwise we wont have discount here
[2017-01-18 06:31:41] arbitrage101 : and yesterday pump was too orderly, little premium
[2017-01-18 06:32:16] micmix : if okc premium stays low it's not really a pump
[2017-01-18 06:32:26] micmix : *futures premium
[2017-01-18 06:33:13] micmix : but we are in the new world without leverage on CNY markets, will take a while to settle
[2017-01-18 06:34:00] ayy_lmao : this is about the only time the trollbox isnt a chaotic mess
[2017-01-18 06:34:15] ayy_lmao : feels good
[2017-01-18 06:34:26] arbitrage101 : i suspect many bulls and bears get slaugtered last few weeks
[2017-01-18 06:34:39] arbitrage101 : will take them a while to get more money to gamble here
[2017-01-18 06:35:46] micmix : this is quiet time, very late in Americas, very early in Europe, almost everyone asleep
[2017-01-18 06:39:38] MKARAMI : Hi, I sold three times with different liverages, namely 50x, 3x and 2x. But the liquidation price is shown for 100x. How can it be?
[2017-01-18 07:03:42] ayy_lmao : what does your leverage show now?
[2017-01-18 07:03:43] ixess : MKARAMI: your position changes to the last leverage you used, and also changes after funding fees
[2017-01-18 07:14:52] Dtrade16 : Ok
[2017-01-18 07:14:59] Dtrade16 : Well I got rekt today
[2017-01-18 07:16:39] MKARAMI : ayy_lmao: it is 137.79
[2017-01-18 07:16:58] ayy_lmao : its not on cross right?
[2017-01-18 07:17:05] MKARAMI : ixess: the last one is the lowest one
[2017-01-18 07:17:21] MKARAMI : No
[2017-01-18 07:17:23] ayy_lmao : the leverage also changes when you gain profit or lose profit
[2017-01-18 07:17:53] ayy_lmao : well on cross that is
[2017-01-18 07:18:07] MKARAMI : I did not close any position during this time
[2017-01-18 07:18:49] narnarfromnarnia : some big sells now pump a bit
[2017-01-18 07:18:55] narnarfromnarnia : woah
[2017-01-18 07:19:00] happy : what a huge buy here
[2017-01-18 07:19:00] narnarfromnarnia : 100k then 160k
[2017-01-18 07:19:21] happy : looks like this is going to pop
[2017-01-18 07:20:11] narnarfromnarnia : happy: probably once those are filled yeah
[2017-01-18 07:20:16] narnarfromnarnia : or drop a bit then up on daily
[2017-01-18 07:20:19] narnarfromnarnia : coming soon
[2017-01-18 07:20:38] ixess : MKARAMI: anything in your fills, order history, or did your position size change?
[2017-01-18 07:20:54] narnarfromnarnia : let's see if that 160k just market buys
[2017-01-18 07:24:38] aandy : no mooon yet?
[2017-01-18 07:30:11] thomaskikansha : moon delayed
[2017-01-18 07:35:16] happy : wow? ground?
[2017-01-18 07:37:27] VenCap : someone wants 1m contracts in this range.. Big brass balls right there
[2017-01-18 07:37:30] thomaskikansha : 245K bid...
[2017-01-18 07:37:44] happy : 890.26 245149
[2017-01-18 07:37:54] narnarfromnarnia : weew lad
[2017-01-18 07:38:04] narnarfromnarnia : either a buy or a death trap
[2017-01-18 07:38:05] happy : amazing
[2017-01-18 07:38:57] shiroe : woah woah!
[2017-01-18 07:39:07] narnarfromnarnia : whale loading up for something good
[2017-01-18 07:39:08] shiroe : Someone wants 1k later.
[2017-01-18 07:39:14] VenCap : buy wall is as real as tits on vegas stripper
[2017-01-18 07:41:10] thomaskikansha : spot going down though
[2017-01-18 07:42:16] REKT : Liquidated long on `XBTUSD`: sell 110 @ 888.50
[2017-01-18 07:42:24] thomaskikansha : ouch
[2017-01-18 07:43:39] VenCap : women and children to the boats!
[2017-01-18 07:44:25] thomaskikansha : open value didnt move a lot
[2017-01-18 07:44:51] thomaskikansha : more sounds like a short closing?
[2017-01-18 07:48:54] dodic : its a trap!
[2017-01-18 07:49:00] dodic : or not
[2017-01-18 07:49:24] VenCap : its 100% trap...
[2017-01-18 07:53:34] thailand : what in the hell is this discount?
[2017-01-18 07:55:45] arbitrage101 : good if you want to accumulate
[2017-01-18 07:56:31] thailand : yes, just don't understand it after a move back up, the future would trade at a discount
[2017-01-18 07:56:37] thailand : how the*
[2017-01-18 07:56:50] arbitrage101 : market knows more than you?
[2017-01-18 07:57:07] arbitrage101 : or you think you are more clever than the market?
[2017-01-18 07:58:58] thailand : I'm sitting on an XBC long from 5100 so don't care either way. Neutral at this point, just interesting people are fearful enough still after the move up
[2017-01-18 08:00:38] thailand : 2013-2014 pattern must still be fresh in their minds lol
[2017-01-18 08:02:00] DudeWhat : Or people just hoping for a better buy in
[2017-01-18 08:02:49] thailand : yes, overextended in the short term possibly. Could be it as well
[2017-01-18 08:10:34] REKT : Liquidated long on `XBTH17`: sell 2190 @ 880.47
[2017-01-18 08:23:36] VenCap : bitcoin to break up soon me thinks
[2017-01-18 08:25:02] Kalman : yeah, globalization is off. Who needs a global trustles payment system if everything is local again
[2017-01-18 08:27:13] Kalman : better get some gold coins; with that you may be able to pay for some bananas at your local grocery store without waiting 10 min and paying 10 cents transaction fee ...
[2017-01-18 08:35:28] QuantFocus : it almost sounds like you're being sarcastic
[2017-01-18 08:41:50] Noobz : morning peepz
[2017-01-18 08:52:41] REKT : Liquidated long on `XBTUSD`: sell 2334 @ 886.76
[2017-01-18 08:57:35] REKT : Liquidated long on `XBTUSD`: sell 9738 @ 885.92
[2017-01-18 08:57:35] REKT : Liquidated long on `XBTUSD`: sell 910 @ 885.60
[2017-01-18 08:57:35] REKT : Liquidated long on `XBTUSD`: sell 6000 @ 886.19
[2017-01-18 08:57:41] REKT : Blood on the streets!
[2017-01-18 08:57:41] REKT : Liquidated long on `XBTUSD`: sell 657 @ 885.46
[2017-01-18 08:58:30] thomaskikansha : ouch
[2017-01-18 08:59:01] REKT : Liquidated long on `XBTUSD`: sell 60 @ 884.87
[2017-01-18 08:59:16] REKT : Liquidated long on `XBTUSD`: sell 18 @ 883.88
[2017-01-18 08:59:26] REKT : Liquidated long on `XBTUSD`: sell 250 @ 883.43
[2017-01-18 09:01:03] Derreck : that hurts
[2017-01-18 09:08:34] Ahhere : Lots of liquidated schlongs! @Noobz morning
[2017-01-18 09:09:33] l3f : Incoming dump
[2017-01-18 09:10:01] Ahhere : l3f: how do you know!?
[2017-01-18 09:10:11] l3f : Ahhere: Just wait
[2017-01-18 09:10:22] Ahhere : l3f: so exciting
[2017-01-18 09:11:29] MikeHunt : if u had a long 2x placed at 910
[2017-01-18 09:11:34] MikeHunt : would u be worried right now?
[2017-01-18 09:11:54] narnarfromnarnia : MikeHunt: maybe for the next day or so
[2017-01-18 09:12:01] narnarfromnarnia : but that daily should turn
[2017-01-18 09:12:20] narnarfromnarnia : lol 160k on the ask now
[2017-01-18 09:12:25] l3f : MikeHunt: it'll dump but hold onto the long
[2017-01-18 09:12:28] l3f : because it's a shakeout
[2017-01-18 09:12:29] narnarfromnarnia : this is whale manipulation
[2017-01-18 09:12:30] l3f : a coming
[2017-01-18 09:13:08] MikeHunt : l3f: yeh i saw a chart on trading view, suggesting a slight dip before the march to 6.4k
[2017-01-18 09:13:14] MikeHunt : i should have waited i guess
[2017-01-18 09:13:49] l3f : MikeHunt: Timing the market is impossible
[2017-01-18 09:13:52] l3f : we often miss the top and bottoms
[2017-01-18 09:14:07] l3f : (we WILL miss the tops and and bottoms)
[2017-01-18 09:14:08] ayy_lmao : l3f: +1
[2017-01-18 09:14:25] l3f : as long as youre general direction is fine
[2017-01-18 09:14:45] MikeHunt : the chart also said after 6.4k it was to 3.6k, thats what im afriad of
[2017-01-18 09:14:52] l3f : MikeHunt: lmao
[2017-01-18 09:14:53] MikeHunt : lol
[2017-01-18 09:14:56] ayy_lmao : lol
[2017-01-18 09:15:02] l3f : nah 6k ish is accumulation for the whale
[2017-01-18 09:15:05] l3f : sideways = accumulation
[2017-01-18 09:15:17] l3f : this is the shake out
[2017-01-18 09:15:23] l3f : ride it out
[2017-01-18 09:15:35] l3f : 5900 in the next hour
[2017-01-18 09:15:52] l3f : he took the time to draw a H&S for you
[2017-01-18 09:16:01] narnarfromnarnia : lol
[2017-01-18 09:16:09] narnarfromnarnia : yes and now crush all the shorts opening up here
[2017-01-18 09:16:10] VenCap : lots of longs getting REKT
[2017-01-18 09:16:18] l3f : now the whale is drawing the right shoulder
[2017-01-18 09:16:23] l3f : and it will plummet
[2017-01-18 09:16:29] narnarfromnarnia : l3f: what time frame
[2017-01-18 09:16:29] l3f : and longs will cry
[2017-01-18 09:16:32] dodic : such an artist
[2017-01-18 09:16:34] narnarfromnarnia : is the h&2
[2017-01-18 09:16:37] l3f : narnarfromnarnia: 1h
[2017-01-18 09:16:38] narnarfromnarnia : h&s
[2017-01-18 09:16:41] l3f : OKC
[2017-01-18 09:16:49] VenCap : agreed. red day today
[2017-01-18 09:17:15] narnarfromnarnia : hmm
[2017-01-18 09:17:18] ayy_lmao : http://imgur.com/a/7hIDp
[2017-01-18 09:17:29] dodic : ayy_lmao: hah!
[2017-01-18 09:17:37] dodic : somone needs to photoshop the h&s on that
[2017-01-18 09:17:39] ayy_lmao : need to turn that into a dank meme
[2017-01-18 09:17:39] VenCap : lols
[2017-01-18 09:17:43] ayy_lmao : change the painting to chart
[2017-01-18 09:17:49] ayy_lmao : yah lol
[2017-01-18 09:17:58] MikeHunt : i can do that
[2017-01-18 09:17:59] MikeHunt : 1 mo
[2017-01-18 09:18:03] ayy_lmao : lol
[2017-01-18 09:18:04] VenCap : $850 knocking on the door i think
[2017-01-18 09:18:18] VenCap : that will be my lnog price
[2017-01-18 09:18:22] VenCap : long
[2017-01-18 09:18:23] dodic : whales at work
[2017-01-18 09:18:26] REKT : Liquidated long on `XBTUSD`: sell 600 @ 882.14
[2017-01-18 09:19:44] Derreck : the question is - will it break 6000
[2017-01-18 09:20:09] l3f : Derreck: For sure
[2017-01-18 09:20:32] REKT : Liquidated long on `XBTUSD`: sell 1004 @ 880.80
[2017-01-18 09:20:51] REKT : Liquidated long on `XBTUSD`: sell 1000 @ 879.70
[2017-01-18 09:21:20] micmix : 1-2-3, panic!
[2017-01-18 09:22:37] lockhedge : micmix: hey micmix! did you read the bloomberg article about bitcoin and HFT? https://www.bloomberg.com/news/articles/2017-01-16/high-speed-traders-are-taking-over-bitcoin-as-easy-money-beckons
[2017-01-18 09:22:47] lockhedge : "Chen says he’s generated annualized gains of 50 percent for his own account, though he declined a Bloomberg News request to provide transaction details verifying his claims"
[2017-01-18 09:22:50] l3f : lockhedge: the guy made 50%
[2017-01-18 09:22:52] l3f : in a year!
[2017-01-18 09:23:01] l3f : I made like 300% in a month rofl
[2017-01-18 09:23:11] haxmb : l3f: with bitcoin going up 100% in a year
[2017-01-18 09:23:16] haxmb : such an achievement
[2017-01-18 09:23:17] l3f : maybe his algorithm isn't such a degenerate gambler
[2017-01-18 09:23:23] l3f : haxmb: hahaha
[2017-01-18 09:23:25] narnarfromnarnia : l3f: probably different amounts
[2017-01-18 09:23:28] micmix : lockhedge: no, didn't read this one
[2017-01-18 09:23:33] narnarfromnarnia : of $$$ to manage
[2017-01-18 09:23:46] micmix : but 50% pa is very low
[2017-01-18 09:25:20] VenCap : Todays letter R for REKT
[2017-01-18 09:25:21] lockhedge : if the returns are in CNY, he lost 50% compared to just holding bitcoin
[2017-01-18 09:25:24] haxmb : in this business it is
[2017-01-18 09:25:34] haxmb : 50% is pathetic
[2017-01-18 09:26:09] ayy_lmao : when you get made fun of for 50% gains
[2017-01-18 09:26:16] ayy_lmao : f*cking n00b!
[2017-01-18 09:26:42] haxmb : ayy_lmao: ayy lmao
[2017-01-18 09:26:43] haxmb : :D
[2017-01-18 09:27:05] haxmb : poor fellow must have been using 0.5x leverage
[2017-01-18 09:27:16] ayy_lmao : lol
[2017-01-18 09:27:27] haxmb : :D :D :D
[2017-01-18 09:28:02] MikeHunt : http://i.imgur.com/WKn9a3o.png
[2017-01-18 09:28:10] ayy_lmao : LOL
[2017-01-18 09:28:30] haxmb : Looks nice but im not so sure it's gonna go down that far
[2017-01-18 09:28:49] trestres : micmix: do you trade high frequency?
[2017-01-18 09:28:59] ayy_lmao : its all good
[2017-01-18 09:29:03] dodic : MikeHunt: hahah
[2017-01-18 09:29:07] ayy_lmao : just pull that out everytime we dump
[2017-01-18 09:29:23] ayy_lmao : to scare the kiddie
[2017-01-18 09:30:22] micmix : lockhedge: I hope it's in bitcoin but still low. just lending on exchanges would get him around 25-30%, most likely with less risk
[2017-01-18 09:30:57] haxmb : micmix: yeah like on bitfinex
[2017-01-18 09:31:03] haxmb : /s
[2017-01-18 09:32:18] micmix : trestres: there is no HFT in bitcoin, most I can do is about 20 order submits/cancels per second on OKC
[2017-01-18 09:33:01] haxmb : micmix: my best burst is around 30ms/trade over there i think
[2017-01-18 09:33:14] haxmb : so around that number too
[2017-01-18 09:33:50] narnarfromnarnia : trying to get shorts opened up here it looks like
[2017-01-18 09:33:52] micmix : haxmb: by keeping trading capital on exchanges he assumes the same counterparty risk in addition to all other trading risks
[2017-01-18 09:33:57] narnarfromnarnia : 115k there holding it down
[2017-01-18 09:36:05] trestres : micmix: why there is no HFT in bitcoin? technical reasons or other?
[2017-01-18 09:38:29] micmix : technical reasons, exchange trade engine/infrastructure limitations
[2017-01-18 09:38:52] trestres : micmix: ok... thank you
[2017-01-18 09:39:45] micmix : but I think order flow is not there either, so there is no point to do HFT
[2017-01-18 09:39:55] MikeHunt : also if we do hit 8888 again.... http://i.imgur.com/IwpIX8U.png
[2017-01-18 09:40:36] arbitrage101 : micmix: any tips to learn all this?
[2017-01-18 09:40:51] arbitrage101 : direction, articles
[2017-01-18 09:41:05] arbitrage101 : 50% + return roi sound awesome
[2017-01-18 09:42:07] l3f : arbitrage101: 50% return = sell -x1 btc on here and collect interest apparently
[2017-01-18 09:44:10] micmix : arbitrage101: you mean HFT? it's math/statistics plus a lot of programming
[2017-01-18 09:44:36] arbitrage101 : just normal algo trading
[2017-01-18 09:44:43] micmix : have to be good at both or have people specializing on one or the other
[2017-01-18 09:44:48] arbitrage101 : is there a method to make profit consistently?
[2017-01-18 09:45:15] micmix : market making and arb
[2017-01-18 09:47:44] trestres : and today... but tomorrow not, also earn because of children gambling
[2017-01-18 10:00:27] Noobz : why not tomorrow?
[2017-01-18 10:03:24] trestres : because a higher number of professional traders like micmix plus insiders will eat all the pie
[2017-01-18 10:04:38] Noobz : gamblers just deposit and try to make up for their losses ---> New pie
[2017-01-18 10:05:42] trestres : the proportion will change, gamblers will exist also in future
[2017-01-18 10:06:39] Noobz : true enough
[2017-01-18 10:14:00] haxmb : arbitrage101: "is there a method to make profit consistently?" yeah sure here is a way to make money with no downside, free profits for all yo
[2017-01-18 10:15:00] haxmb : arbitrage101: arbitrage and market making are ways to balance your risk and return in a favorable way but there is no method to make consistent profit
[2017-01-18 10:15:11] arbitrage101 : haxmb: i see
[2017-01-18 10:15:37] arbitrage101 : cuz you guys are giving impression that 50% return in low
[2017-01-18 10:15:42] haxmb : yeah it is low
[2017-01-18 10:15:44] arbitrage101 : is low
[2017-01-18 10:15:48] haxmb : because there are so many opportunities
[2017-01-18 10:16:11] arbitrage101 : because price discrepancies?
[2017-01-18 10:16:21] haxmb : thats one for instance
[2017-01-18 10:16:28] haxmb : theres a lot of em
[2017-01-18 10:16:41] haxmb : but explaining them all is not the brightest idea
[2017-01-18 10:16:55] haxmb : since they are the ways I / micmix / others make money
[2017-01-18 10:17:01] arbitrage101 : lol
[2017-01-18 10:17:03] haxmb : kinda stupid to give it away
[2017-01-18 10:17:10] arbitrage101 : not manay traders are also coders
[2017-01-18 10:17:19] haxmb : well if you dont code yet
[2017-01-18 10:17:25] haxmb : i'd almost say no use in starting
[2017-01-18 10:17:30] haxmb : since you're behind 5-10 years
[2017-01-18 10:17:36] arbitrage101 : i can code, just that i dont enjoy doing it
[2017-01-18 10:17:54] haxmb : well then i dont recommend coding your own trading program
[2017-01-18 10:18:14] haxmb : I've had coding binges where i couldnt sleep for day because I was so amped up about what i was building
[2017-01-18 10:18:20] arbitrage101 : need to love coding to start algo trading?
[2017-01-18 10:18:23] haxmb : for days*
[2017-01-18 10:18:39] haxmb : no need to love coding, but is sure as fck helps if you like doing it
[2017-01-18 10:18:43] arbitrage101 : lots of modification and revision?
[2017-01-18 10:19:01] arbitrage101 : started a bot a month ago, blow up after a week
[2017-01-18 10:19:09] arbitrage101 : when bitcoin started a strong bull run
[2017-01-18 10:19:15] haxmb : why'd it blow up?
[2017-01-18 10:19:25] haxmb : shorted into the rally?
[2017-01-18 10:19:26] arbitrage101 : was MMing
[2017-01-18 10:19:37] arbitrage101 : price keeps going up, position becomes inbalance
[2017-01-18 10:19:55] haxmb : well maybe you should build something to manage your position
[2017-01-18 10:20:00] arbitrage101 : i did
[2017-01-18 10:20:10] arbitrage101 : i limit the size to only 3000
[2017-01-18 10:20:14] haxmb : haha
[2017-01-18 10:20:18] arbitrage101 : so, only small loss when it blow up
[2017-01-18 10:20:20] haxmb : how does that manage it
[2017-01-18 10:20:29] arbitrage101 : only quoting 400
[2017-01-18 10:20:35] haxmb : so it just holds a $3000 short all the way to the top
[2017-01-18 10:20:48] arbitrage101 : when position size is 3000, the bot stops
[2017-01-18 10:20:51] arbitrage101 : yes
[2017-01-18 10:20:58] haxmb : well you should build something that makes it buy back
[2017-01-18 10:21:05] haxmb : even if at a loss if needed
[2017-01-18 10:21:07] arbitrage101 : i did
[2017-01-18 10:21:10] haxmb : since price keeps going up
[2017-01-18 10:21:14] arbitrage101 : but the price never fall, even slig
[2017-01-18 10:21:26] haxmb : maybe you should incorporate your name into the system
[2017-01-18 10:21:33] arbitrage101 : lol
[2017-01-18 10:21:43] arbitrage101 : cross exchanges bot, i am not at that level yet
[2017-01-18 10:21:51] haxmb : well if you can build for bitmex
[2017-01-18 10:21:55] haxmb : why not add a second exchange
[2017-01-18 10:21:59] haxmb : cant be that hard
[2017-01-18 10:22:02] arbitrage101 : good idea
[2017-01-18 10:22:15] arbitrage101 : i imagine you need a lot of failed safe in place
[2017-01-18 10:22:22] haxmb : i trade on 11 exchanges
[2017-01-18 10:22:24] arbitrage101 : cuz of lag
[2017-01-18 10:22:29] arbitrage101 : geez
[2017-01-18 10:22:45] arbitrage101 : i only found 4-5 exchanges that is "trust worthy
[2017-01-18 10:22:54] haxmb : sure
[2017-01-18 10:22:59] haxmb : everybody has their own risk tolerance
[2017-01-18 10:23:10] haxmb : i have less balance on btc-e than on bitmex
[2017-01-18 10:23:19] haxmb : since btc-e is not very trustworthy
[2017-01-18 10:24:23] arbitrage101 : actually, based on record, they are more trust worthy than finex and stamp
[2017-01-18 10:24:34] haxmb : well they fucked everyone with ETH over during the hard fork
[2017-01-18 10:25:30] haxmb : they had no clue about the ETC replay attack
[2017-01-18 10:25:38] haxmb : their whole ETC balance got drained in hours
[2017-01-18 10:25:59] haxmb : and then they tweeted that ETC is a scam and nobody is going to get any ETC since their wallet got drained
[2017-01-18 10:26:48] arbitrage101 : i see
[2017-01-18 10:27:27] arbitrage101 : algo trading btc is your full time work?
[2017-01-18 10:27:49] haxmb : yup
[2017-01-18 10:27:54] arbitrage101 : is it worth it?
[2017-01-18 10:27:59] haxmb : heh
[2017-01-18 10:28:02] arbitrage101 : maybe i should really start
[2017-01-18 10:28:10] arbitrage101 : cost of living where i am is pretty low
[2017-01-18 10:28:15] haxmb : if you get good it can be worth it
[2017-01-18 10:28:20] ResQue : hey all i am new
[2017-01-18 10:28:26] haxmb : hola ResQue
[2017-01-18 10:28:43] ResQue : hey haxmb wasnt sure if it would work i am on the IRC channel
[2017-01-18 10:28:58] haxmb : arbitrage101: i have no clue how I could make this amount of money in the "real world"
[2017-01-18 10:29:05] haxmb : ResQue: yup working fine :D
[2017-01-18 10:29:20] arbitrage101 : must be really awesome
[2017-01-18 10:29:22] ResQue : thanks]
[2017-01-18 10:29:28] arbitrage101 : what do you do before btc?
[2017-01-18 10:29:30] dodic : haxmb: i've been lurking this convo, thanks for sharing a bit :)
[2017-01-18 10:29:35] haxmb : dodic: :O
[2017-01-18 10:29:45] haxmb : lurk0rz in muh convos
[2017-01-18 10:29:53] haxmb : arbitrage101: student
[2017-01-18 10:30:06] arbitrage101 : which part of the world
[2017-01-18 10:30:13] haxmb : EU :D
[2017-01-18 10:30:22] arbitrage101 : many students i meet these days, especially in the west
[2017-01-18 10:30:24] ResQue : i am a programmer, been buying and selling small amounts of bitcoin for a few years now. Interested in talking about and learning more about how money works and automated trading strategies.
[2017-01-18 10:30:33] arbitrage101 : are dumb and ignorant
[2017-01-18 10:30:35] dodic : haxmb: I wrote my first lending bot this week, do you think its worth it optimizing it or should I just go for arb etc
[2017-01-18 10:30:43] arbitrage101 : no offense ..
[2017-01-18 10:30:51] ResQue : dodic that sounds cool
[2017-01-18 10:30:53] haxmb : arbitrage101: :D cheers for the compliment
[2017-01-18 10:30:53] dodic : fairly new to this but programming for years
[2017-01-18 10:31:04] haxmb : dodic: if I were you I'd not bother with lending
[2017-01-18 10:31:22] ResQue : lending does sound kind of dangerous.
[2017-01-18 10:31:25] dodic : that's what i figured, but is was a nice way to learn the APIs
[2017-01-18 10:31:28] haxmb : its a suckers game
[2017-01-18 10:31:31] dodic : and Go
[2017-01-18 10:31:34] haxmb : yeah sure good start on API stuff
[2017-01-18 10:31:42] haxmb : I also once wrote something on finex for that
[2017-01-18 10:32:15] dodic : and then i watched the rates just slide down hah
[2017-01-18 10:32:25] dodic : I was like... well that was not very exciting
[2017-01-18 10:32:28] haxmb : hehe
[2017-01-18 10:32:42] haxmb : if a big move happens the rates will head back up again
[2017-01-18 10:33:12] haxmb : ResQue: where you from
[2017-01-18 10:33:25] ResQue : anyone have some good books or links on how monetary systems works or trading
[2017-01-18 10:34:05] lockhedge : this paper explains a basic market making model from a computer science perspective, should be relatively easy to understand for ppl without a finance background https://www.cs.cmu.edu/~softagents/papers/CR_nevmyvaka_sycara_seppi.pdf
[2017-01-18 10:34:25] arbitrage101 : lockhedge: thank you
[2017-01-18 10:34:28] ResQue : lockhedge thanks
[2017-01-18 10:34:31] arbitrage101 : will defineately read it
[2017-01-18 10:36:00] ResQue : Do all bitcoin exchanges require you to register a bank account or some kind of ID? I have no interesting in cashing out non-crypto currencies.
[2017-01-18 10:36:06] dodic : https://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393330338
[2017-01-18 10:36:23] haxmb : ResQue: nah you dont need a bank account
[2017-01-18 10:36:34] haxmb : usually they do want you to register your passport with them
[2017-01-18 10:36:39] haxmb : for the KYC/AML stuff
[2017-01-18 10:37:21] johndoe : ResQue: check out the Market Wizards series https://www.amazon.com/Market-Wizards-Updated-Interviews-Traders/dp/1118273052/ref=sr_1_1?ie=UTF8&qid=1484735792&sr=8-1&keywords=market+wizards
[2017-01-18 10:37:48] johndoe : Great series going back 30 yrs. Interviews with some of the best traders from people like Paul Tudor Jones
[2017-01-18 10:38:33] ResQue : this looks like a really good book
[2017-01-18 10:38:33] johndoe : that book is kinda old, but the concepts are still the same. Trading is as much about psychology and emotional control than anything math-related.
[2017-01-18 10:38:35] ResQue : thans
[2017-01-18 10:39:25] johndoe : And here's the most recent book in the series. Not as good IMO, but more contemporary https://www.amazon.com/Hedge-Fund-Market-Wizards-Winning/dp/1118273044/ref=cm_cr_arp_d_product_top?ie=UTF8 It has people like Ray Dalio (boss of Bridgewater Associates - the largest hedge fund in the world).
[2017-01-18 10:40:41] ResQue : that does sound interesting, sounds like the sort of thing i need to read
[2017-01-18 10:41:20] haxmb : you can read a whole bunch of things
[2017-01-18 10:41:40] haxmb : but the only way you're gonna learn and improve is if you try it
[2017-01-18 10:41:56] haxmb : id recommend building a bot and giving it $50 to trade or something like that
[2017-01-18 10:42:04] haxmb : program a strategy
[2017-01-18 10:42:12] haxmb : and reasses based on performance
[2017-01-18 10:42:22] haxmb : market making / arbitrage
[2017-01-18 10:42:33] haxmb : i wouldnt try to build a TA bot or some shit like that
[2017-01-18 10:43:06] haxmb : because it all looks really cool afterwards, with the .382 fib lines and all the ichimoku cloud bs
[2017-01-18 10:43:11] ResQue : wouldn't a better idea be come up with a strategy then test it on historical data to see it works
[2017-01-18 10:43:14] dodic : haxmb: Thanks for the tips :)
[2017-01-18 10:43:25] haxmb : ResQue: if you want to lag behind sure
[2017-01-18 10:43:37] ResQue : why would you lag behind?
[2017-01-18 10:44:02] haxmb : because you are a) not live testing it, b) finding a fit for past data, which doesnt predict future data
[2017-01-18 10:44:17] haxmb : c) you will always be able to find a "perfect" strategy for past data
[2017-01-18 10:44:22] haxmb : but its gonna be fitted on that
[2017-01-18 10:44:34] haxmb : which is a major flaw and imo isnt gonna help you trade now
[2017-01-18 10:44:45] haxmb : dodic: cheers
[2017-01-18 10:44:45] johndoe : back-testing is good to do. Just don't optimize your model based on the results of that back-testing too much, if at all
[2017-01-18 10:44:56] haxmb : johndoe: <--- what the man says
[2017-01-18 10:44:58] ResQue : ok thanks for the advice