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

<<  >>  English  中文  Русский  한국어  日本語  Español  Français 
[2017-01-22 22:59:11] abbey : Papou: are you saying btcs real value is zero?
[2017-01-22 22:59:29] ryvirath : me, I say that
[2017-01-22 22:59:46] ryvirath : but I'm super long BTC right now; trends don't lie
[2017-01-22 23:01:36] abbey : Papou: and man is seriously talking about logic, lol
[2017-01-22 23:02:35] narnarfromnarnia : anyone know what's up with huobi
[2017-01-22 23:02:43] narnarfromnarnia : on bitcoinwisdom?
[2017-01-22 23:02:53] narnarfromnarnia : ddos or all trades terminated lol
[2017-01-22 23:04:17] abbey : https://cryptowat.ch/huobi/btccny
[2017-01-22 23:05:12] aethlios : 0.2% for both maker taker is a bad fee structure.
[2017-01-22 23:05:26] aethlios : volume will crash
[2017-01-22 23:07:07] aethlios : The emporer has no clothes
[2017-01-22 23:07:46] abbey : narnarfromnarnia: https://www.huobi.com/market/cny_btc
[2017-01-22 23:08:45] narnarfromnarnia : abbey: https://bitcoinwisdom.com/markets/huobi/btccny
[2017-01-22 23:08:48] narnarfromnarnia : api ded
[2017-01-22 23:09:31] abbey : narnarfromnarnia: bitcoinwisdom has issues with huobi data feed often, dunno why.
[2017-01-22 23:12:15] abbey : typically it goes down when rally starts.
[2017-01-22 23:13:10] Apocalyptic : abbey: or when it dumps
[2017-01-22 23:13:18] Apocalyptic : same with okcoin's feed
[2017-01-22 23:13:33] abbey : Apocalyptic: yes, true.
[2017-01-22 23:30:12] thedoc : almost dump time
[2017-01-22 23:31:02] narnarfromnarnia : lol
[2017-01-22 23:31:07] aethlios : the great deleverage will happen.
[2017-01-22 23:31:09] narnarfromnarnia : everyone is dump or rally in here
[2017-01-22 23:31:32] narnarfromnarnia : aethlios: how did you do on that last wave?
[2017-01-22 23:31:42] MikeHunt : abbey: we know because in 2013 they reintroduced fees and it tanked from 880 to 400 within a few days
[2017-01-22 23:31:45] narnarfromnarnia : i had a short at 930 but closed at 926 to go to bed
[2017-01-22 23:32:13] thedoc : this was the great bull trap
[2017-01-22 23:32:13] aethlios : i am just watching many days now, i am hedged 100% with march.
[2017-01-22 23:33:19] MikeHunt : on titanic, unlike in film, the panic didnt start until ~2hrs later, when the water reached the top deck and all the boats were gone, get a short in now while u still can
[2017-01-22 23:33:59] narnarfromnarnia : MikeHunt: the shorts have to close with high margin
[2017-01-22 23:34:01] REKT : Liquidated long on `XBCH17`: sell 7 @ 6319.6
[2017-01-22 23:34:12] narnarfromnarnia : there's more leverage in shorts than longs hmm
[2017-01-22 23:39:44] rowrow : finally breaking 6350, maybe
[2017-01-22 23:40:03] thedoc : lol btc new high
[2017-01-22 23:40:11] thedoc : pumpin
[2017-01-22 23:40:43] abbey : can't you guys decide?
[2017-01-22 23:41:16] abbey : you don't know shit
[2017-01-22 23:42:01] REKT : Liquidated short on `XBCH17`: buy 2 @ 6393.4 :punch: :whale:
[2017-01-22 23:42:15] rowrow : today's dump has been about 75% erased
[2017-01-22 23:42:18] abbey : Mike, market's quite different now than 2013
[2017-01-22 23:42:58] thedoc : fake out pump to hit stops. now dump time
[2017-01-22 23:43:26] narnarfromnarnia : thedoc: i dont think so
[2017-01-22 23:44:18] thedoc : gotta break this resistance http://i.imgur.com/ONIhwm5.png
[2017-01-22 23:44:24] Sultan Pepper : We're in a reverse triangle, right?
[2017-01-22 23:44:51] Olu : Btc coming down
[2017-01-22 23:45:48] Olu : Please I can't see where to close a trade in case the direction changed
[2017-01-22 23:45:51] thedoc : xmr hit a new recent high
[2017-01-22 23:46:03] thedoc : etc almost 3 day bullflag
[2017-01-22 23:46:23] Noobz : Olu: active orders
[2017-01-22 23:46:24] Olu : Can someone please show me how to close an open trade
[2017-01-22 23:46:32] thedoc : btc new high
[2017-01-22 23:46:38] thedoc : yeah just do the opposite
[2017-01-22 23:46:47] REKT : Liquidated short on `XBCH17`: buy 10663 @ 6413.9
[2017-01-22 23:46:47] thedoc : if you bought then sell a certain # of contracts
[2017-01-22 23:47:01] REKT : Liquidated short on `XBTH17`: buy 25000 @ 925.28
[2017-01-22 23:47:18] Olu : Ok. You mean since I'm on sell now, I should just buy when I want to close sell
[2017-01-22 23:47:28] Sultan Pepper : Yeah man
[2017-01-22 23:47:39] Sultan Pepper : just submit the opposite order
[2017-01-22 23:47:41] Olu : Ok. Thanks bro
[2017-01-22 23:47:49] Sultan Pepper : Olu thinks we're dumping
[2017-01-22 23:47:50] abbey : weathercock @thedoc
[2017-01-22 23:48:11] Olu : That means I must have an order openned at all times
[2017-01-22 23:48:18] rowrow : there's also a button in the positions tab to close the order but i think it's easier to just use the normal trading to close it
[2017-01-22 23:48:22] abbey : weather c o c k
[2017-01-22 23:48:31] REKT : Liquidated short on `XBTUSD`: buy 1800 @ 918.75
[2017-01-22 23:48:57] Sultan Pepper : nah, you go long at 1000. Sell 1000 and it'll close out everything
[2017-01-22 23:49:12] Sultan Pepper : nothing left open
[2017-01-22 23:49:59] Olu : If I want to close, do I use limit / stop/ market order on the opposite to close or can I just use anyone
[2017-01-22 23:50:08] Sultan Pepper : Any one
[2017-01-22 23:50:23] Sultan Pepper : just so you fulfil the same amount of contacts
[2017-01-22 23:51:12] Sultan Pepper : you might not hit a limit or a stop though
[2017-01-22 23:51:31] Sultan Pepper : market is instant, with higher fees Olu
[2017-01-22 23:53:00] thedoc : you dont always need to have a position olu
[2017-01-22 23:53:01] abbey : how do you feel bears? scared a bit?
[2017-01-22 23:53:18] thedoc : you can close everything you have open buy doing a limit order or market buy of the # of contracts you are short
[2017-01-22 23:53:26] REKT : Liquidated short on `XBTUSD`: buy 5887 @ 921.00
[2017-01-22 23:53:33] thedoc : or just wait for that to happen ^
[2017-01-22 23:55:01] Olu : I'm long now. It was a fake signal for Short
[2017-01-22 23:55:19] yungyang : this nigga
[2017-01-22 23:56:12] Olu : Getting to correct a mistake faster is key
[2017-01-22 23:56:19] Sultan Pepper : *Ludacris: How low*
[2017-01-22 23:56:36] Olu : I'm on Buy now. I've closed the sell
[2017-01-22 23:56:51] Sultan Pepper : *Shitty new rapper: All the way up!*
[2017-01-22 23:57:26] REKT : Liquidated short on `XBTUSD`: buy 1000 @ 921.22
[2017-01-22 23:58:03] Apocalyptic : Sultan Pepper: d o double g
[2017-01-22 23:59:25] rowrow : which places do people find it's best to check order book depth on the chinese exchanges? (futures market rather than spot? any particular exchange or source?)
[2017-01-23 00:00:04] yungyang : j cole yo!
[2017-01-23 00:00:06] yungyang : bouta blow upppp
[2017-01-23 00:00:19] yungyang : future hoops
[2017-01-23 00:00:31] rowrow : i guess bitcoin wisdom has them but assume that's for spot price
[2017-01-23 00:01:48] charlyko : rowrow: tradingview ?
[2017-01-23 00:02:12] charlyko : you can add any exchange there
[2017-01-23 00:03:45] j8 : orderbooks on tradingview? don't think so
[2017-01-23 00:03:46] Sultan Pepper : Is that j cole?
[2017-01-23 00:04:14] Sultan Pepper : i like j cole, He didn't do all the way up right?
[2017-01-23 00:04:49] rowrow : don't necessarily need whole order book, just for looking at market depth - still unsure though if price is driven more by the futures market or spot market (would think futures)
[2017-01-23 00:05:13] yungyang : nah he did "Blow Up"
[2017-01-23 00:05:15] yungyang : this all the way up, I do not know
[2017-01-23 00:08:15] abbey : Starting week will be interesting.
[2017-01-23 00:11:35] rowrow : huobi futures (bitvc weekly) 25 cny lower priced than main market, odd
[2017-01-23 00:14:52] sleger : its not odd
[2017-01-23 00:15:02] sleger : all 1w futures are at a discount
[2017-01-23 00:16:58] rowrow : it had usually followed the market pretty closely all the other times i looked, rarely 7 cny out - guess people are freaked out over there
[2017-01-23 00:17:12] Sultan Pepper : I CAN FEEL IT Y'ALL!!! WE BOUT TO TRADE SIDEWAYS FOR AN HOUR!
[2017-01-23 00:21:04] Olu : Yes you are right but the bull has a upper hand
[2017-01-23 00:21:49] thedoc : i wonder what it'll take to get futures back up to a bigger premium
[2017-01-23 00:23:45] rowrow : was wondering the same thing, guess people are satisfied with the recent market rises to feel bullish - we got up to $15 or so yesterday, but previously it seemed like $30 premium was the baseline (went up with rises, fell with dips)
[2017-01-23 00:24:02] rowrow : guess people aren't* satisfied i mean
[2017-01-23 00:29:01] Papou : poor bastards anyone going long at these prices
[2017-01-23 00:33:04] thedoc : one of these times it'll be the top
[2017-01-23 00:33:33] thedoc : there it goes
[2017-01-23 00:33:35] thedoc : dump dump dump
[2017-01-23 00:36:47] Olu : Market will be sideways for a few moments
[2017-01-23 00:41:36] aethlios : bitmex march more bullish than okcoin
[2017-01-23 00:42:31] REKT : Liquidated long on `XBTUSD`: sell 1960 @ 915.82
[2017-01-23 00:42:31] REKT : Close your longs, close your shorts, choppy waters ahead!
[2017-01-23 00:42:31] REKT : Liquidated long on `XBTUSD`: sell 1000 @ 916.22
[2017-01-23 00:42:31] REKT : Liquidated long on `XBTUSD`: sell 997 @ 916.01
[2017-01-23 00:42:38] thedoc : lol
[2017-01-23 00:42:46] thedoc : i love how they are usually all around the same price
[2017-01-23 00:42:50] Apocalyptic : peeps got rekt
[2017-01-23 00:44:04] thedoc : big drop
[2017-01-23 00:44:26] REKT : Liquidated long on `XBTUSD`: sell 600 @ 911.51
[2017-01-23 00:45:31] REKT : Liquidated long on `XBTUSD`: sell 2700 @ 910.47
[2017-01-23 00:45:31] REKT : Liquidated long on `XBTUSD`: sell 983 @ 910.50
[2017-01-23 00:46:02] Apocalyptic : insane volatility
[2017-01-23 00:46:15] Battlebots : down the slide we go
[2017-01-23 00:46:21] rowrow : 2% in about 3 minutes
[2017-01-23 00:47:08] MikeHunt : its not even started yet
[2017-01-23 00:47:13] MikeHunt : wait until china does fees
[2017-01-23 00:47:20] MikeHunt : then it'll be like splash mountain
[2017-01-23 00:47:28] MikeHunt : except the water will be all bloody
[2017-01-23 00:47:46] abbey : run for your lives!
[2017-01-23 00:48:19] aethlios : MikeHunt: they could sell off to 400 in 2 days because the market finds out how empty the real volume in china is
[2017-01-23 00:48:39] aethlios : I mean before (not because)
[2017-01-23 00:48:56] MikeHunt : aethlios: yarp
[2017-01-23 00:49:07] Apocalyptic : aethlios: would be glorious
[2017-01-23 00:49:18] Apocalyptic : the bull slaugthering of the year
[2017-01-23 00:49:20] thedoc : price being held up by leveraged longs.
[2017-01-23 00:49:23] MikeHunt : what would even better is i got muh prediction right
[2017-01-23 00:49:28] thedoc : no one wants to buy and hold up BTC at $900
[2017-01-23 00:49:38] MikeHunt : http://i.imgur.com/WKn9a3o.png
[2017-01-23 00:49:40] Apocalyptic : thedoc: noobs do
[2017-01-23 00:49:54] Battlebots : newbs will all rekt then no sustaining value
[2017-01-23 00:50:06] MikeHunt : Battlebots: they gotta learn
[2017-01-23 00:50:17] aethlios : MikeHunt: and 0.2% maker taker is non competitive, better send to finex or trade futures, so the leading exchanges will stop lead. but who will lead?? it was always china.
[2017-01-23 00:50:29] thedoc : if there are no more leveraged longs then why not dump to 3000 CNY to rekt them all and then pump with 0 longs on a free ride
[2017-01-23 00:50:39] MikeHunt : aethlios: local chinese residents dont have a choice
[2017-01-23 00:52:14] abbey : omg omg run again!
[2017-01-23 00:52:55] abbey : other direction
[2017-01-23 00:53:09] abbey : morons
[2017-01-23 00:54:06] abbey : u just gotta love this game!
[2017-01-23 00:54:19] yungyang : So can these Chinese peoples using the leverage
[2017-01-23 00:54:28] yungyang : not use leverage anywhere else ?
[2017-01-23 00:54:55] thedoc : great wall of china prevents them
[2017-01-23 00:54:55] yungyang : whats stopping them from using finex or stop of mf kraken or other exchanges we haven't even heard of
[2017-01-23 00:55:02] yungyang : ah yes
[2017-01-23 00:55:10] yungyang : the ol great wall
[2017-01-23 00:55:13] thedoc : i wonder if TOR lets them go to websites outside of china
[2017-01-23 00:55:15] yungyang : damn chanks
[2017-01-23 00:55:23] yungyang : Of course it does
[2017-01-23 00:56:04] Sultan Pepper : Mom! It's doing the wiggle bitcoin thing again!
[2017-01-23 00:59:49] thedoc : someone trying to buy 400 BTC on 0kcoin
[2017-01-23 01:00:13] thedoc : 245 btc left
[2017-01-23 01:00:27] thedoc : i love the few legit walls on 0kcoin. easy to spot
[2017-01-23 01:00:39] laisee : betcha the 0.2% will be subject to "rebates" and random prizes and trading "points" and off-exchange rewards ... it'll take about 2 weeks
[2017-01-23 01:06:39] rowrow : are all the big 3 no longer offering margin trading in their main products (or have stated they will stop doing so)?
[2017-01-23 01:07:59] abbey : http://www.coindesk.com/chinas-largest-bitcoin-exchanges-halt-margin-trading-questions-remain/
[2017-01-23 01:08:27] thedoc : margin done. fees start in about 26 hours
[2017-01-23 01:15:43] aethlios : bitcoin is done in chine, market will enter bear trend until a new major country or real demand (non speculative) starts.
[2017-01-23 01:17:37] yungyang : Kk close your account please
[2017-01-23 01:17:40] aethlios : pboc is running those exchanges now.
[2017-01-23 01:19:17] yungyang : I heard it was your mom
[2017-01-23 01:27:16] MikeHunt : thedoc: tick tock
[2017-01-23 01:28:10] thedoc : xbth17 negative premium again. was 5 above a hour ago
[2017-01-23 01:36:00] narnarfromnarnia : so shorts pay longs?
[2017-01-23 01:37:28] alejandromasari : We are in backwardation gentlemen!
[2017-01-23 01:43:31] MikeHunt : think i might go to another exchange rather than get funding raped the whole way down
[2017-01-23 01:44:38] thedoc : i'll ride the xbth17 to -20 premium
[2017-01-23 01:44:45] thedoc : as the bulls get rekt nonstop
[2017-01-23 01:47:32] MikeHunt : thedoc: yeh could do that as well
[2017-01-23 01:51:01] billyboy402 : MikeHunt: you can alway buy and not sell
[2017-01-23 01:51:20] MikeHunt : billyboy402: yeh and get left at the top
[2017-01-23 01:51:25] Apocalyptic : MikeHunt: there is no funding on futures
[2017-01-23 01:51:40] MikeHunt : Apocalyptic: yeh im currently short on perp
[2017-01-23 01:51:54] MikeHunt : waiting for a drop closer to my initial short
[2017-01-23 01:51:57] MikeHunt : before transfering over
[2017-01-23 01:52:12] Apocalyptic : MikeHunt: what's the point
[2017-01-23 01:52:56] billyboy402 : MikeHunt: trade the qtly march 31 . if you want long term , but in bullish market you will lose more if your shorting as there normally a premium
[2017-01-23 01:53:41] billyboy402 : the funding rate is normally cheaper then margin trading
[2017-01-23 01:53:50] Apocalyptic : billyboy402: ihf he plans to hold until settlement then it doesn't mat
[2017-01-23 01:54:02] Apocalyptic : as long as he has the margin to take it
[2017-01-23 01:54:18] MikeHunt : billyboy402: ive noticed on big drops it tends to go down with swap
[2017-01-23 01:54:19] billyboy402 : Apocalyptic: true , untill you get margin call because it $30 more
[2017-01-23 01:55:02] Apocalyptic : billyboy402: read my last line :)
[2017-01-23 01:55:11] billyboy402 : MikeHunt: but if your short right now , ur better off because it like $3 below index . so that make up for the 0.1% funbding rate
[2017-01-23 01:56:10] billyboy402 : Apocalyptic: if you are short , and it fomo up $40 . you could be margin call , even tho index may not go over 920 in the next 2 months ,
[2017-01-23 01:56:30] Apocalyptic : billyboy402: not if you have adequate margin
[2017-01-23 01:56:49] billyboy402 : but that the risk you take , until there a options market and you dont care
[2017-01-23 01:56:51] Apocalyptic : given enough balance you cannot possibly be margin called
[2017-01-23 01:56:55] MikeHunt : im thinking slightly more long term
[2017-01-23 01:57:02] MikeHunt : not high leverage
[2017-01-23 01:57:05] Apocalyptic : billyboy402: it's an inverse contract
[2017-01-23 01:57:19] Apocalyptic : if your position is < your balance
[2017-01-23 01:57:24] MikeHunt : supposing we were entering a bear market, negative fees the whole way down, would swap still be better than h17?
[2017-01-23 01:57:28] Apocalyptic : you cannot get liquidated
[2017-01-23 01:57:31] billyboy402 : option are going to be fun , as you can just leave open , even it it losing , 1 day before it may fomo and make you prfift
[2017-01-23 01:57:35] Apocalyptic : even if it spikes to 100k/btc
[2017-01-23 01:57:51] REKT : Liquidated long on `XBTUSD`: sell 34660 @ 909.72
[2017-01-23 01:59:00] billyboy402 : i think it great bitmex has added qtly and perp , you can spread trade and make profits with very limited risk ( small funding rate / exchange risk)
[2017-01-23 01:59:08] MikeHunt : supposing we were entering a bear market, negative fees the whole way down, would swap still be better than h17?
[2017-01-23 01:59:20] Apocalyptic : of course not MikeHunt
[2017-01-23 01:59:35] MikeHunt : thats why im thinking about moving over to h17
[2017-01-23 01:59:42] Apocalyptic : MikeHunt: read what I sais above
[2017-01-23 01:59:45] thedoc : because with xbth17 you can close your short with like a -30 premium and long it. premium ends up going positive
[2017-01-23 02:00:09] Apocalyptic : if your have sufficient balance your risk is 0 and you pay no funding
[2017-01-23 02:00:13] MikeHunt : so with h17 no fees and more profitable if im right?
[2017-01-23 02:00:23] MikeHunt : i dont wanna sound dumb i just want to be sure
[2017-01-23 02:00:25] thedoc : i'd say so
[2017-01-23 02:00:44] thedoc : with swap you could be paying like .25 every 8 hours if you got a big position
[2017-01-23 02:01:00] thedoc : just doesnt make sense
[2017-01-23 02:03:55] narnarfromnarnia : no more rekts?
[2017-01-23 02:04:05] Papou : mike h17 is more volatile though
[2017-01-23 02:04:12] Papou : easier to get liquidated imo
[2017-01-23 02:04:17] Papou : it can be 100 over spot
[2017-01-23 02:04:19] Papou : or 200
[2017-01-23 02:04:23] Papou : who knows
[2017-01-23 02:04:27] Apocalyptic : Papou: sigh
[2017-01-23 02:04:40] Apocalyptic : if he's not leveraged no risk of being liq while short
[2017-01-23 02:04:47] Papou : well duh
[2017-01-23 02:06:34] yungyang : Change your name to poopoo
[2017-01-23 02:08:44] MikeHunt : Papou: problem is when this starts to topple, it could be 0.37% the whole way down
[2017-01-23 02:08:49] MikeHunt : which could be just as expensive
[2017-01-23 02:09:07] MikeHunt : so far on every major drop, the prem has gone to 0 or negative
[2017-01-23 02:10:26] Sultan Pepper : Strap on the moon boots, bears.
[2017-01-23 02:11:40] narnarfromnarnia : Sultan Pepper: you know how many shorts there are above?
[2017-01-23 02:11:49] narnarfromnarnia : and no leverage to break them
[2017-01-23 02:12:11] Sultan Pepper : Just gettin ready
[2017-01-23 02:12:44] MikeHunt : fees are coming back to china exchanges in ~24 hours
[2017-01-23 02:12:52] MikeHunt : "winter is coming"
[2017-01-23 02:14:58] datboiyuan : why do fees equal doom?????????
[2017-01-23 02:16:01] abbey : It's a bear daydream
[2017-01-23 02:16:33] datboiyuan : fee to sell yes?
[2017-01-23 02:16:53] Sultan Pepper : Inb4 "liquidated short @"
[2017-01-23 02:16:57] MikeHunt : 2013, china reintroduced fees, dropped from 880 to 400s in few hours
[2017-01-23 02:17:08] MikeHunt : 2017, fees making a come back, in 24hours
[2017-01-23 02:17:09] datboiyuan : why is that same now?
[2017-01-23 02:17:16] MikeHunt : datboiyuan: herd mentality
[2017-01-23 02:17:33] abbey : bears are too scared now to think rationally.
[2017-01-23 02:17:34] datboiyuan : you the herd
[2017-01-23 02:17:52] Sultan Pepper : if the whole herd wants it to gown, and it goes up....
[2017-01-23 02:18:11] Sultan Pepper : go down*
[2017-01-23 02:19:45] Sultan Pepper : Unless the whole herd here is full of bulls trying to get more shorts on board...
[2017-01-23 02:21:12] MikeHunt : Sultan Pepper: the volume is already damaged by loss of leveraged trading
[2017-01-23 02:21:15] MikeHunt : fees would prevent bots
[2017-01-23 02:21:19] MikeHunt : no more fake volume
[2017-01-23 02:21:32] MikeHunt : coindesk did calculation, at least 35% devaluation
[2017-01-23 02:23:28] abbey : everyone can write articles on coindesk, bulls too
[2017-01-23 02:23:42] abbey : i mean bears
[2017-01-23 02:24:22] abbey : no more fake volume is ultimately a good thing tho
[2017-01-23 02:24:58] MikeHunt : ultimately means a correction thou
[2017-01-23 02:25:10] ryvirath : small one
[2017-01-23 02:25:14] MikeHunt : 35% small?
[2017-01-23 02:25:16] ryvirath : smaller than you are planning for
[2017-01-23 02:25:26] ryvirath : no probably 5% tops
[2017-01-23 02:25:28] rowrow : anyone who knew how to call a 35% market drop with any reliability wouldn't be working at coindesk
[2017-01-23 02:26:06] MikeHunt : rowrow: 35% isnt the exact drop
[2017-01-23 02:26:15] MikeHunt : its the percentage of volume thats fake
[2017-01-23 02:26:20] Sultan Pepper : So what's stopping them from trading leverage here with a vpn?
[2017-01-23 02:26:54] rowrow : there's no reason to assume % of fake volume would translate to a similar drop in market price with it removed, for multiple reasons
[2017-01-23 02:26:58] MikeHunt : rowrow: we also have 2013 to look back on, what happened when the exact same thing happened
[2017-01-23 02:27:09] abbey : MikeHunt: means nothing
[2017-01-23 02:27:14] abbey : today
[2017-01-23 02:27:22] MikeHunt : i guess we'll have to wait and see
[2017-01-23 02:27:34] rowrow : MikeHunt: it's possible you're correct it will drop, just the argument about fake volume doesn't make any sense -
[2017-01-23 02:27:51] Sultan Pepper : really though, why couldn't all the Chinese trade leverage here with a von?
[2017-01-23 02:28:10] Sultan Pepper : vpn*
[2017-01-23 02:28:22] rowrow : fake volume goes into both buys and sells for one - additionally there's an enormous scaling factor - selling 100m decreases market cap by way more than 100m, so if the fake volume logic held the price would go to like $20
[2017-01-23 02:29:09] MikeHunt : Sultan Pepper: they can
[2017-01-23 02:29:31] abbey : rowrow: +1
[2017-01-23 02:29:40] Sultan Pepper : same as Drumpf's election: the news has more effect than the event
[2017-01-23 02:29:43] MikeHunt : Sultan Pepper: but that requires a learning curve
[2017-01-23 02:32:10] rowrow : maybe the bear trend from that 100 cny flash drop is coming to an end
[2017-01-23 02:33:05] MikeHunt : big moves are usually caused by events
[2017-01-23 02:33:18] MikeHunt : or manipulation
[2017-01-23 02:34:18] Sultan Pepper : The news of his election had more effect than his actual inauguration
[2017-01-23 02:35:39] Sultan Pepper : If everyone knows about the China fees, why isn't everything sold off already?
[2017-01-23 02:36:01] MikeHunt : Sultan Pepper: some call this the exit pump
[2017-01-23 02:36:13] MikeHunt : big players sell off quietly
[2017-01-23 02:36:24] abbey : MikeHunt: but the biggest ones are not, just pure fomo
[2017-01-23 02:36:37] MikeHunt : abbey:how would you know?
[2017-01-23 02:36:50] MikeHunt : fomo comes after the fees kick in
[2017-01-23 02:37:41] narnarfromnarnia : when it's negative
[2017-01-23 02:37:44] abbey : thats the way it is, everybody wants to be in when the train leaves the station
[2017-01-23 02:37:45] narnarfromnarnia : shorts have to pay?
[2017-01-23 02:37:58] Sultan Pepper : I've been hearing that this is the exit pump for 11 hours now
[2017-01-23 02:38:05] narnarfromnarnia : lol
[2017-01-23 02:38:20] MikeHunt : narnarfromnarnia: yeh, thats why im gonna move to h17 on next drop me thinks
[2017-01-23 02:38:37] narnarfromnarnia : MikeHunt: why's that?
[2017-01-23 02:38:49] narnarfromnarnia : so shaky over there
[2017-01-23 02:39:01] MikeHunt : narnarfromnarnia: if it really is a big drop
[2017-01-23 02:39:09] MikeHunt : its gonna be 0.37% all the way down
[2017-01-23 02:39:09] narnarfromnarnia : yeah
[2017-01-23 02:39:19] narnarfromnarnia : right
[2017-01-23 02:39:21] narnarfromnarnia : hmm
[2017-01-23 02:39:30] narnarfromnarnia : what signal are you waiting for?
[2017-01-23 02:39:40] narnarfromnarnia : i can't even chart h17
[2017-01-23 02:39:40] MikeHunt : we know that fees are due within ~24 hours
[2017-01-23 02:39:49] narnarfromnarnia : it's got parkinsons
[2017-01-23 02:40:09] MikeHunt : the other issue is even if i leverage this drop, ill probably get ADL-ed
[2017-01-23 02:40:59] Sultan Pepper : How short *are* you on this?
[2017-01-23 02:41:08] MikeHunt : Sultan Pepper: swap, 1x
[2017-01-23 02:41:23] Sultan Pepper : Size?
[2017-01-23 02:41:28] MikeHunt : Sultan Pepper: ~5000
[2017-01-23 02:41:57] Sultan Pepper : You're pretty certain then
[2017-01-23 02:42:26] Sultan Pepper : good luck!
[2017-01-23 02:44:27] MikeHunt : Sultan Pepper: you too, i just hope 5k can hold thou
[2017-01-23 02:44:31] MikeHunt : ($750)
[2017-01-23 02:45:06] Sultan Pepper : What's your liquidation point?
[2017-01-23 02:45:16] MikeHunt : Sultan Pepper: 1x so basically no liq
[2017-01-23 02:45:34] Sultan Pepper : Ah ok. You have a stop set then?
[2017-01-23 02:45:41] Sultan Pepper : probably not huh...
[2017-01-23 02:46:46] MikeHunt : Sultan Pepper: i use alarms, i heard stops are a bit iffy round here
[2017-01-23 02:47:08] Sultan Pepper : Good to know
[2017-01-23 03:05:58] Sultan Pepper : It's Fat Joe and Remy Ma
[2017-01-23 03:15:53] Apocalyptic : lol @ the 5m graph on Huobi
[2017-01-23 03:16:00] Apocalyptic : pattern looks totally legit
[2017-01-23 03:20:34] Sultan Pepper : I hear bear meat is greasy and tough
[2017-01-23 03:31:58] rowrow : last mini-crash has been erased - time for mini crash number 2? retest 6400?
[2017-01-23 03:34:49] Apocalyptic : rowrow: retesr 6k you mean ?
[2017-01-23 03:35:57] rowrow : Apocalyptic: i meant as alternate possibilities, down or up, since we got stuck at 6400 last time - i don't think we'll go down to 6k in the immediate future, but ya never know
[2017-01-23 03:47:22] MikeHunt : Apocalyptic: that happened before crash at 8k
[2017-01-23 03:47:29] MikeHunt : Apocalyptic: they are preparing for round 2
[2017-01-23 03:47:35] MikeHunt : imo
[2017-01-23 03:48:48] MikeHunt : unless they plan on going parabollic again and then slamming it down
[2017-01-23 03:51:28] narnarfromnarnia : i hate these ball tickle pumps
[2017-01-23 03:51:44] MikeHunt : fees kick in 4am UTC
[2017-01-23 03:51:51] MikeHunt : (12pm noon china time)
[2017-01-23 03:52:07] MikeHunt : tomorrow
[2017-01-23 04:06:06] ronensinger : Apocalyptic: You there?
[2017-01-23 04:06:12] Apocalyptic : ronensinger: yes
[2017-01-23 04:06:27] ronensinger : Apocalyptic: Whats your email
[2017-01-23 04:06:34] ronensinger : Perhaps we could work on something one day
[2017-01-23 04:07:21] Apocalyptic : ronensinger: can you go on IRC ? I don't want to post it on a archived chat
[2017-01-23 04:08:10] ronensinger : Apocalyptic: I'm on it
[2017-01-23 04:08:18] Apocalyptic : ronensinger: Freenode ?
[2017-01-23 04:08:40] ronensinger : Apocalyptic: Yeah
[2017-01-23 04:09:35] Apocalyptic : ronensinger: sent you a pm
[2017-01-23 04:09:59] ronensinger : Got it
[2017-01-23 04:10:05] ronensinger : Ill send you an email in the next couple of days
[2017-01-23 04:10:11] ronensinger : I gtg to sleep
[2017-01-23 04:10:13] ronensinger : Goodnight
[2017-01-23 04:10:31] Apocalyptic : good night
[2017-01-23 04:31:00] Dtrade16 : Sup boys
[2017-01-23 04:31:13] Dtrade16 : Did we break the uptrend?
[2017-01-23 04:38:22] Apocalyptic : seems like china wanna dump
[2017-01-23 04:42:39] MikeHunt : Dtrade16: fees come back at 4am tomorrow
[2017-01-23 04:42:47] MikeHunt : in choyna, so b ready
[2017-01-23 04:47:26] narnarfromnarnia : dang i just missed that payout
[2017-01-23 04:47:33] narnarfromnarnia : i was going to buy in just before
[2017-01-23 04:48:31] narnarfromnarnia : MikeHunt: 4am china is what time?
[2017-01-23 04:48:33] narnarfromnarnia : 4am china
[2017-01-23 04:48:36] narnarfromnarnia : or
[2017-01-23 04:48:49] MikeHunt : narnarfromnarnia: 4am utc (12pm noon china time)
[2017-01-23 04:48:55] narnarfromnarnia : ok
[2017-01-23 04:49:08] Apocalyptic : 6k baby
[2017-01-23 04:49:21] narnarfromnarnia : fees for longs come or shorts
[2017-01-23 04:49:39] MikeHunt : narnarfromnarnia: flat 0.2% fee for all transactions
[2017-01-23 04:49:54] narnarfromnarnia : MikeHunt: oh wow
[2017-01-23 04:50:01] MikeHunt : narnarfromnarnia: last time they did it in 2013, price dropped $400 in a few hours
[2017-01-23 04:50:02] narnarfromnarnia : that's big news then, when was that released?
[2017-01-23 04:50:12] narnarfromnarnia : hmm
[2017-01-23 04:50:18] MikeHunt : check cnledger on twitter, they report china bitcoin news
[2017-01-23 04:50:18] narnarfromnarnia : there may be a big exit pump then
[2017-01-23 04:50:23] MikeHunt : announced yesterday
[2017-01-23 04:50:29] MikeHunt : narnarfromnarnia: yup, or this could be it
[2017-01-23 04:50:31] narnarfromnarnia : link?
[2017-01-23 04:50:36] MikeHunt : the announced potential fees on 13th january
[2017-01-23 04:50:38] narnarfromnarnia : MikeHunt: yeah i dont know what to do
[2017-01-23 04:50:42] narnarfromnarnia : ok
[2017-01-23 04:50:43] MikeHunt : narnarfromnarnia: just search cnledger on twitter
[2017-01-23 04:51:02] MikeHunt : narnarfromnarnia: im not sure either but im shorting 1x just incase
[2017-01-23 04:51:19] Sheriff : The news came out over 12 hours ago and not much has happened
[2017-01-23 04:51:29] narnarfromnarnia : i dont have a huge amount of btc but i want to be on the right side
[2017-01-23 04:51:41] MikeHunt : Sheriff: i dont think it will until the fees actually kick in
[2017-01-23 04:51:43] narnarfromnarnia : it seems like a lot of shorts will have to close since the very top
[2017-01-23 04:51:52] narnarfromnarnia : also it might just stablize things
[2017-01-23 04:52:09] MikeHunt : no one knows for sure but history suggests epic dump
[2017-01-23 04:52:25] narnarfromnarnia : at the time or the announcement
[2017-01-23 04:52:33] narnarfromnarnia : why would they add fees then remove fees
[2017-01-23 04:52:47] MikeHunt : i dont know, maybe that morning in china, maybe at noon,
[2017-01-23 04:53:03] MikeHunt : the idea is to "prevent price manipulation etc."
[2017-01-23 04:53:10] MikeHunt : they did that back in 2013
[2017-01-23 04:53:17] MikeHunt : after having 0% fees
[2017-01-23 04:53:21] MikeHunt : the market then dumped
[2017-01-23 04:53:28] narnarfromnarnia : yeah then zero fees market pumped
[2017-01-23 04:53:31] REKT : Liquidated short on `XBCH17`: buy 783 @ 6350.8
[2017-01-23 04:53:58] MikeHunt : narnarfromnarnia: i suspect they will do it again, tank the market, then allow it again to reinflate
[2017-01-23 04:55:56] Sheriff : Just as a counter argument, theres a chance it could result in a pump. Long term sentiment is bullish right now, so Chinese investors my buy in big right before the fees kick in to save a few bucks
[2017-01-23 05:08:31] narnarfromnarnia : MikeHunt: i would expect a nice pump before an exist
[2017-01-23 05:08:47] narnarfromnarnia : we're still getting higher highs since the biggest drop after ath
[2017-01-23 05:09:18] narnarfromnarnia : 940's maybe trigger stop losses on shorts
[2017-01-23 05:09:33] narnarfromnarnia : on daily traders/bots
[2017-01-23 05:34:50] laisee : if BTC is a proxy for nervous-on trading then expect more firewaorks under Old Dump Rant
[2017-01-23 05:35:31] narnarfromnarnia : laisee: ELI5
[2017-01-23 05:35:57] narnarfromnarnia : i think we hit 930's + from here but we're gonna drop like mike said
[2017-01-23 05:36:26] narnarfromnarnia : does the funding payment only happen each time period or is it each hour?
[2017-01-23 05:36:30] narnarfromnarnia : that .1 up there
[2017-01-23 05:36:53] laisee : Expect some very big shocks from this week on due to the new Prez. And expect Bitcoin to start being used for panic buying.
[2017-01-23 05:41:14] Dtrade16 : MikeHunt: Hey what?
[2017-01-23 05:41:41] rowrow : narnarfromnarnia: funding is paid only at the end of each 8 hour interval
[2017-01-23 05:41:57] narnarfromnarnia : okay
[2017-01-23 05:42:01] narnarfromnarnia : darn i missed it
[2017-01-23 05:42:09] narnarfromnarnia : anyone else long from here?
[2017-01-23 05:42:21] narnarfromnarnia : mark price is climbing but price is not
[2017-01-23 05:52:26] REKT : Liquidated long on `XBTUSD`: sell 1000 @ 911.93
[2017-01-23 05:59:20] small fich : hello would Bitmet supply MT4 platform ?
[2017-01-23 05:59:53] ryvirath : when is the next BTC send off time?
[2017-01-23 06:01:18] ryvirath : oh 7 hours
[2017-01-23 06:01:24] ryvirath : blah
[2017-01-23 06:04:44] narnarfromnarnia : small fich: how do you use that?
[2017-01-23 06:04:51] narnarfromnarnia : other exchanges or forex?/
[2017-01-23 06:24:55] narnarfromnarnia : short rekts coming
[2017-01-23 06:24:57] narnarfromnarnia : come on!!
[2017-01-23 06:29:41] REKT : Liquidated short on `XBCH17`: buy 1 @ 6350.9 :punch: :whale:
[2017-01-23 06:30:35] Apocalyptic : REKT: ^
[2017-01-23 06:30:46] narnarfromnarnia : lol
[2017-01-23 06:30:49] narnarfromnarnia : epic
[2017-01-23 06:31:02] narnarfromnarnia : how do you even 1 contract?
[2017-01-23 06:44:40] Papou : was that noganoo?
[2017-01-23 06:57:20] BitMEX_Wally : noganoo is a US resident so he cannot trade
[2017-01-23 07:00:10] small fich : narnarfromnarnia: I just hope to trade BTC like forex
[2017-01-23 07:08:10] VenCap : Bitcoin going to implode today. but i am going long. lets see if i can get some nice gains!
[2017-01-23 07:14:28] narnarfromnarnia : VenCap: where are you long from?
[2017-01-23 07:15:29] Rado : BitMEX_Wally: did you ban him?
[2017-01-23 07:17:29] BitMEX_Wally : Battlebots is not banned, but he cannot deposit or trade
[2017-01-23 07:24:20] VenCap : long from 916 today
[2017-01-23 07:24:28] VenCap : got rekt yesterday
[2017-01-23 07:24:37] VenCap : but was long from 928 in the end
[2017-01-23 07:24:44] VenCap : nice dumps here rekt me
[2017-01-23 07:25:27] VenCap : i am Long, but i will probalt get rekt again today
[2017-01-23 07:26:44] narnarfromnarnia : just went long
[2017-01-23 07:26:55] VenCap : i will unload at 925
[2017-01-23 07:37:12] narnarfromnarnia : 2hr looks good
[2017-01-23 07:42:26] VenCap : pump it
[2017-01-23 07:42:42] VenCap : looked good yesterday also before i got rekt
[2017-01-23 07:46:25] KyllingLolsson : BitMEX_Wally: why cant us residents trade here?
[2017-01-23 07:48:46] Tetsuo : Due to Anti-Trump policies!
[2017-01-23 07:49:18] thailand : the management team doesn't approve of trump hence the ban on us residents
[2017-01-23 07:49:33] thailand : you can find the blog post somewhere
[2017-01-23 07:49:35] BitMEX_Wally : KyllingLolsson: We are not registered with the CFTC
[2017-01-23 07:52:49] KyllingLolsson : Trump.... ?
[2017-01-23 08:05:20] FreeBitcoins : BitMEX_Wally: I would like to ask a question about the referral program
[2017-01-23 08:05:32] BitMEX_Wally : FreeBitcoins: Sure
[2017-01-23 08:06:29] FreeBitcoins : BitMEX_Wally: my wife has an account. Can I use that one to refer this one?
[2017-01-23 08:08:11] BitMEX_Wally : FreeBitcoins: The terms are here: https://www.bitmex.com/app/affiliateToS
[2017-01-23 08:08:29] BitMEX_Wally : "You are not eligible for a commission payment on trades made by you, your employees, agents, representatives, or contractors, as well as made from several accounts owned by the same person"
[2017-01-23 08:09:00] Tetsuo : FreeBitcoins: what´s the name of your wife?
[2017-01-23 08:09:20] FreeBitcoins : Ok thats perfect because "wife" is not in the exclusion
[2017-01-23 08:09:26] Tetsuo : where did u met first?
[2017-01-23 08:09:43] narnarfromnarnia : im sure spouse is not eligible dude
[2017-01-23 08:09:43] Tetsuo : if u get caught lying all your bitcoin will be confiscated, just sayin
[2017-01-23 08:09:51] narnarfromnarnia : they want like affiliate referrals from blogging
[2017-01-23 08:10:09] narnarfromnarnia : is there any link about payouts and tracking system on that?
[2017-01-23 08:10:17] FreeBitcoins : I can do that also but right now im wasting it
[2017-01-23 08:10:56] FreeBitcoins : I set her an account to try learn but she was rekt
[2017-01-23 08:14:18] Noobz : Morning Peepz
[2017-01-23 08:26:05] narnarfromnarnia : is huobi down for everyone on wisdom?
[2017-01-23 08:27:22] larrybanky1 : https://www.cryptocoinsnews.com/pboc-bitcoin-exchanges-bright-side/
[2017-01-23 08:29:38] narnarfromnarnia : crazy
[2017-01-23 08:29:44] narnarfromnarnia : 101 ask
[2017-01-23 08:30:08] VenCap : 920 nice bargain sel order
[2017-01-23 08:30:29] narnarfromnarnia : VenCap: i think it's just capital moving from one account to another to pump or dump
[2017-01-23 08:30:41] VenCap : ah. true
[2017-01-23 08:31:23] narnarfromnarnia : change of hands
[2017-01-23 08:32:01] VenCap : btc to 950 today? or 850?
[2017-01-23 08:32:23] narnarfromnarnia : VenCap: just wait for a signal to buy or sell
[2017-01-23 08:32:32] narnarfromnarnia : and get out after profit and wait for next signal
[2017-01-23 08:32:46] VenCap : good tip thank you
[2017-01-23 08:33:03] narnarfromnarnia : https://www.tradingview.com/x/ig3LLQNP/
[2017-01-23 08:42:03] Derreck : such $3 premium!
[2017-01-23 08:42:08] Yoshi1975 : Just trading it around...920 good sell level in small size
[2017-01-23 08:42:26] narnarfromnarnia : larger funds trading hands here
[2017-01-23 08:42:34] narnarfromnarnia : can be leverage for up once filled
[2017-01-23 08:42:49] narnarfromnarnia : or holding it down to pop
[2017-01-23 08:42:58] narnarfromnarnia : or market dump after filled lol
[2017-01-23 08:43:44] Yoshi1975 : You need news for it to move materially in either direction so right now not much gonna happen just scalp 5-10pts
[2017-01-23 08:44:08] narnarfromnarnia : how is money flow now it's monday right?
[2017-01-23 08:44:13] narnarfromnarnia : could be new funds hitting banks
[2017-01-23 08:44:17] narnarfromnarnia : but no leverage
[2017-01-23 09:00:15] MikeHunt : narnarfromnarnia: well china morning we got next to nothing
[2017-01-23 09:00:20] MikeHunt : that paints bleak outlook imo
[2017-01-23 09:00:56] narnarfromnarnia : MikeHunt: yea i agree i just want to wait for the next big move and make a good trade regardless if i miss the first ride
[2017-01-23 09:01:36] MikeHunt : narnarfromnarnia: ditto
[2017-01-23 09:03:32] Noobz : yesterday was a good day to trade. Hope today will be similar
[2017-01-23 09:03:39] MikeHunt : still debating whether to move to stamp since fees are 0.15% now for short
[2017-01-23 09:07:40] narnarfromnarnia : MikeHunt: also you can get ADL
[2017-01-23 09:08:05] narnarfromnarnia : that's just brutal when it market orders at worst times i've heard
[2017-01-23 09:08:42] narnarfromnarnia : should be an even better indicator than the 5 bars imo
[2017-01-23 09:11:33] MikeHunt : narnarfromnarnia: worst i got from peak was 3 bars iirc using 1x