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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[2017-01-24 03:26:01] enki0182 : micmix: ok - thanks for the example... makes more sense to me now.
[2017-01-24 03:26:09] Rado : micmix: good description
[2017-01-24 03:27:52] FreeBitcoins : enki0182: did you close or still in position?
[2017-01-24 03:28:16] happy : why the mark price is so high...909.48
[2017-01-24 03:28:16] micmix : enki0182: so far it was cheaper to use futures for long-term position in the direction of the trend
[2017-01-24 03:28:26] Rado : Is it all 3 exchanges going with fees at 12 or only BTCC?
[2017-01-24 03:28:33] enki0182 : i closed before bed last night... i put in a small one earlier and snatched another 0.04 xbt in the expected mini dump.
[2017-01-24 03:28:40] enki0182 : right now i have no positions
[2017-01-24 03:28:55] ixess : i got liquidated $1 above my entry and lost 100% how does that work?
[2017-01-24 03:29:17] happy : ixess: fxxk the mark price is so high
[2017-01-24 03:29:25] Rado : ixess: you were at 100x leverage
[2017-01-24 03:29:56] Rado : and yes mark price is used for liquidations
[2017-01-24 03:30:17] happy : ixess: Don't short when mark price is 6 dollars above market price
[2017-01-24 03:30:31] happy : I mean don't short 100x
[2017-01-24 03:30:37] ixess : i entered at 75x, and liquidations are at last price right?
[2017-01-24 03:30:54] aethlios : 30 min. left
[2017-01-24 03:31:01] Apocalyptic : ixess: liquidation is at mark
[2017-01-24 03:31:04] Apocalyptic : not last
[2017-01-24 03:31:07] happy : Liquidation are mark price
[2017-01-24 03:31:08] rowrow : ixess: no, liquidations are at "mark price" look at the bottom left of your screen
[2017-01-24 03:31:17] micmix : ixess: anything above 25x with this volatility is suicide
[2017-01-24 03:31:21] happy : and you will be REKT at broke price
[2017-01-24 03:31:23] enki0182 : micmix: so do futures "pay out (or take out)" every 8 hours? is that the idea? when would you use futures?
[2017-01-24 03:31:33] MikeHunt : Rado: all 4
[2017-01-24 03:31:44] Rado : k
[2017-01-24 03:31:59] Noobz : bing bing bong less then half an hour
[2017-01-24 03:32:25] Rado : most likely nothing will happen
[2017-01-24 03:32:30] Noobz : ikr
[2017-01-24 03:32:30] jedisatoshi : that retrace tho
[2017-01-24 03:32:31] MikeHunt : Noobz: https://www.youtube.com/watch?v=xxaq5eUWIsM
[2017-01-24 03:32:34] micmix : enki0182: no, it's the other way around. swap positions are paid/charged funding fee every 8 hours. there is no fee on futures except when you buy or sell
[2017-01-24 03:33:41] enki0182 : micmix: thats EXCATLY what i was missing... thank you to all who helped me understand
[2017-01-24 03:33:49] micmix : enki0182: generally speaking use futures for long-term trades, week or more
[2017-01-24 03:34:16] Rado : micmix: even for a couple of days I use futures
[2017-01-24 03:34:23] Rado : swap only for day trading
[2017-01-24 03:34:59] Noobz : MikeHunt: there is a 10 hour version of that one
[2017-01-24 03:35:00] enki0182 : I see - so if swing trading / daily fun - use swaps... if being a generally levg'd hodler - use futures...
[2017-01-24 03:36:13] happy : i don't understand this shit
[2017-01-24 03:36:28] happy : I got rekt
[2017-01-24 03:36:29] MikeHunt : Noobz: must watch
[2017-01-24 03:36:40] happy : @915price
[2017-01-24 03:36:45] cryptwrecked : well, this is enthralling
[2017-01-24 03:37:05] rowrow : you can use swap if you want for long term positions, but you're also gambling on funding rate
[2017-01-24 03:37:19] Noobz : MikeHunt: seems to be deleted sadly
[2017-01-24 03:37:23] cryptwrecked : @happy, i'll probably be joining you soon
[2017-01-24 03:37:27] rowrow : where with futures, unless you plan to hold to conclusion, you're also gambling on market sentiment
[2017-01-24 03:38:00] ytaews : aren't you gambling on funding rate by trading futures as well though?
[2017-01-24 03:38:01] Sheriff : How do the swaps determine funding rate?
[2017-01-24 03:38:14] Sheriff : And whether shorts or longs get gently caressed?
[2017-01-24 03:38:21] rowrow : ytaews: no, no funding rate on futures, just how the price differs from market when you buy
[2017-01-24 03:38:22] Rado : micmix: the main H17 MM reduced from 25k to 12.5k
[2017-01-24 03:38:37] cryptwrecked : staying up till 4am, then i'm turning this off, don't care what happens to my trade, if i profit then woopoo, if not then see you later, its been great knowing you all
[2017-01-24 03:38:37] ytaews : rowrow: sure, and that's an implied average funding rate until expiry
[2017-01-24 03:39:05] carl : Why is the mark price so high exactly?
[2017-01-24 03:39:11] rowrow : ytaews: if you want to call it that i suppose, but you know exactly what it is when you enter so there's no gamble
[2017-01-24 03:39:16] Rado : carl: because spot price is
[2017-01-24 03:39:47] rowrow : with funding rate if one of the index exchanges differs from the others you can get lucky/unlucky (bitstamp + okc international i believe)
[2017-01-24 03:39:48] abbey : look at the orderbooks guys
[2017-01-24 03:40:03] ytaews : rowrow: ya, but no guarantee it will be the same when you exit, e.g. what if you were long futures when it was at par with the index, and want to exit now? youve effectively lost $20 bc the implied funding rate has changed
[2017-01-24 03:40:06] abbey : tsunami is coming
[2017-01-24 03:40:18] Rado : abbey: maybe
[2017-01-24 03:40:18] MikeHunt : this chats moving faster
[2017-01-24 03:40:28] abbey : bull tsunami
[2017-01-24 03:40:28] Sultan Pepper : I can't handle this
[2017-01-24 03:40:30] rowrow : ytaews: yeah that's what i meant by you are also gambling against market sentiment unless you hold to conclusion
[2017-01-24 03:40:41] cryptwrecked : how come my mark price keeps going up?
[2017-01-24 03:40:44] rowrow : so there's a gamble either way, unless you hold to the end
[2017-01-24 03:41:17] rowrow : price going up, premium staying flat, we're living in bear town
[2017-01-24 03:41:21] Rado : cryptwrecked: it's not your mark price
[2017-01-24 03:41:25] Rado : it is the mark price
[2017-01-24 03:41:34] Rado : and mark price is calculated based on spot price
[2017-01-24 03:42:05] narnarfromnarnia : oops
[2017-01-24 03:42:09] narnarfromnarnia : fat fingered a dump
[2017-01-24 03:42:10] narnarfromnarnia : damnit
[2017-01-24 03:42:21] Rado : cryptwrecked: https://www.bitmex.com/app/fairPriceMarking
[2017-01-24 03:42:25] Sultan Pepper : This guy
[2017-01-24 03:42:33] cryptwrecked : cheers rado
[2017-01-24 03:43:26] Apocalyptic : Rado: funny, no red candle on 15m for 2 hours now
[2017-01-24 03:44:09] rowrow : yet the premiums are flat, but if we drop down 50 cny the premiums will probably soar even higher
[2017-01-24 03:44:30] abbey : welcome REKT!
[2017-01-24 03:44:40] Sultan Pepper : Can you fat finger a bigger dump plz?
[2017-01-24 03:44:47] rowrow : we need some shorters to get liquidated
[2017-01-24 03:44:51] Apocalyptic : dump 100% retraced
[2017-01-24 03:44:59] FreeBitcoins : brutal
[2017-01-24 03:45:09] abbey : rowrow: soon
[2017-01-24 03:45:21] cryptwrecked : fucking bear trap fml
[2017-01-24 03:46:06] cryptwrecked : getting teased by bots basically, what a life, what an experience, what a way to live
[2017-01-24 03:46:16] narnarfromnarnia : dang
[2017-01-24 03:46:17] narnarfromnarnia : fat finger
[2017-01-24 03:46:20] narnarfromnarnia : mistakes
[2017-01-24 03:46:21] cryptwrecked : just rekt me please
[2017-01-24 03:46:31] Tetsuo : chinese bitcoiners buyin and HODL forever from now on
[2017-01-24 03:46:37] Apocalyptic : everyone must be long on okc now
[2017-01-24 03:46:40] cryptwrecked : get it over and done with, stop cock teasing
[2017-01-24 03:46:49] Rado : cryptwrecked: what price is your liquidation?
[2017-01-24 03:46:58] cryptwrecked : 915
[2017-01-24 03:47:06] Tetsuo : cryptwrecked: how loarge is your position just so that that we know how to laugh @ when REKT announces it
[2017-01-24 03:47:18] Tetsuo : ah ok
[2017-01-24 03:47:18] FreeBitcoins : cryptwrecked: just reduce position so can weather the correction
[2017-01-24 03:47:39] cryptwrecked : 3000 @ 915.28
[2017-01-24 03:47:49] cryptwrecked : how do i reduce my position?
[2017-01-24 03:47:49] Apocalyptic : dumping
[2017-01-24 03:48:00] Tetsuo : die with honour and get rekt
[2017-01-24 03:48:05] FreeBitcoins : cryptwrecked: you buy some back
[2017-01-24 03:48:31] cryptwrecked : at this current price?
[2017-01-24 03:48:31] FreeBitcoins : that liq is right on where many traders will want to sell
[2017-01-24 03:49:49] cryptwrecked : I'm always perfectly placed....exactly on the opposite side of where i intended to be, fml
[2017-01-24 03:49:57] rowrow : cryptwrecked: if you're short on spot with a liquidation $2 a way, selling part of your position is likely a smart move (due to mark price), but up to you
[2017-01-24 03:50:03] Tetsuo : cryptwrecked: it will get even worse
[2017-01-24 03:50:29] cryptokeeper : we are going to walk it up another five
[2017-01-24 03:50:39] cryptokeeper : do it
[2017-01-24 03:50:55] happy : This is so weried
[2017-01-24 03:50:56] cryptwrecked : selling a part of my position, or buying a little here? I'm short from 894. I fell for the bear trap
[2017-01-24 03:51:04] happy : Mark price is so fxxxing high
[2017-01-24 03:51:07] Rado : cryptwrecked: is all of your balance invested?
[2017-01-24 03:51:16] Rado : if not you can reduce leverage
[2017-01-24 03:51:26] cryptokeeper : cryptwrecked: you would buy if you are short and want to reduce and take a loss
[2017-01-24 03:51:33] rowrow : right now we're basically going to be playing a game of "which way do the market manipulators want to push the price"
[2017-01-24 03:51:40] cryptokeeper : Rado: that too
[2017-01-24 03:51:49] cryptwrecked : no, but i don't have much wiggle room if my margin keeps going up due to price increase
[2017-01-24 03:52:00] cryptokeeper : never trade with a full balance. most of the people in here cant afford to lose it
[2017-01-24 03:52:33] cryptwrecked : this could be adios my 2107 btc trading career.
[2017-01-24 03:52:56] cryptokeeper : all in one trade? lol WAT
[2017-01-24 03:53:02] cryptokeeper : 3000cont?
[2017-01-24 03:53:07] MikeHunt : yeh dude stay at 1x
[2017-01-24 03:53:18] MikeHunt : we have no idea how china will react
[2017-01-24 03:53:27] MikeHunt : could be short squeeze and then dump
[2017-01-24 03:53:32] cryptokeeper : only trade with 25% of your account and use a bit of margin... like 10x
[2017-01-24 03:53:49] cryptokeeper : or even smaller dust and higher leverage if you just want to gamble... but still
[2017-01-24 03:54:06] cryptwrecked : if i lose it i lose it, it's not the end of the world, but i will be annoyed at myself for getting roped in to the drama of to all again for diddly squat sense of achievement.
[2017-01-24 03:55:03] Sultan Pepper : What happens if I change leverage before closing?
[2017-01-24 03:55:40] cryptwrecked : yeah, I'm 3000 contracts short from 894.97 x 100 leverage
[2017-01-24 03:55:45] cryptokeeper : you can IF you have available xbt in account
[2017-01-24 03:55:45] rowrow : Sultan Pepper: there's no reason to do that, changing leverage just effects maximum balance applied to the position
[2017-01-24 03:55:50] MikeHunt : x100? jebus
[2017-01-24 03:56:04] cryptwrecked : I've been in the red ever since opening the trade
[2017-01-24 03:56:09] rowrow : if you're closing the position anyway, no point of changing leverage - but increasing the leverage could cause you to accidentally get liquidated
[2017-01-24 03:56:26] Sultan Pepper : Gotcha. Thanks
[2017-01-24 03:56:30] rowrow : np
[2017-01-24 03:57:22] rowrow : 3 minutes to fee implementation, right? will markets freeze for a couple minutes?
[2017-01-24 03:57:39] cryptwrecked : i can't do shit, my hands are tied now. either i get raped sacrificially raped by king kong or i pull an escape artist number
[2017-01-24 03:57:42] rowrow : (not on here obviously, on on CN exchanges)
[2017-01-24 03:57:47] aethlios : spot reversed all dump
[2017-01-24 03:58:30] Apocalyptic : aethlios: yep
[2017-01-24 03:58:37] Papou : http://www.newsbtc.com/2017/01/24/bitcoin-price-technical-analysis-01242017-reversal-candlesticks-sighted/
[2017-01-24 03:58:43] Papou : DOJI CANDLE SPOTTED
[2017-01-24 03:58:52] Papou : THATS THE BEAR WHALE SIGNAL
[2017-01-24 03:59:03] Papou : rekts incoming
[2017-01-24 03:59:38] Rado : Papou: get lost
[2017-01-24 03:59:38] cryptokeeper : Papou: lol what are u talking about
[2017-01-24 04:00:01] rowrow : well... here it is
[2017-01-24 04:00:35] aethlios : do you see any announcement from their web sites???
[2017-01-24 04:00:45] rowrow : no, market appears frozen though
[2017-01-24 04:01:02] REKT : Liquidated short on `XBTH17`: buy 30000 @ 902.93
[2017-01-24 04:01:02] REKT : Liquidated short on `XBCH17`: buy 6400 @ 6384.4
[2017-01-24 04:01:03] rowrow : lol-f*ing-L
[2017-01-24 04:01:05] chromaticcr1 : huh
[2017-01-24 04:01:12] chromaticcr1 : interesting
[2017-01-24 04:01:16] Tetsuo : cryptwreckedbam
[2017-01-24 04:01:16] REKT : Liquidated short on `XBTUSD`: buy 2121 @ 911.48
[2017-01-24 04:01:22] Apocalyptic : WTF
[2017-01-24 04:01:23] Tetsuo : BOOOOOOM
[2017-01-24 04:01:28] Tetsuo : FUCK U TARDY BEARS
[2017-01-24 04:01:31] REKT : Liquidated short on `XBCH17`: buy 15 @ 6439.6
[2017-01-24 04:01:32] Tetsuo : FUCK U PAPOU
[2017-01-24 04:01:35] REKT : Liquidated short on `XBTUSD`: buy 3000 @ 912.88
[2017-01-24 04:01:35] REKT : :btc: :rocket: :crescent_moon:
[2017-01-24 04:01:38] Tetsuo : HOWS THAT WORKIN OUT FOR YO
[2017-01-24 04:01:50] narnarfromnarnia : omg
[2017-01-24 04:01:51] narnarfromnarnia : wtf
[2017-01-24 04:01:53] Tetsuo : Back with a band
[2017-01-24 04:01:53] abbey : hell yeah!
[2017-01-24 04:01:54] rowrow : if only i weren't a retard and saved money to take advantage of the -150 premium
[2017-01-24 04:01:59] narnarfromnarnia : i sold at 905
[2017-01-24 04:02:00] jezeus : dang
[2017-01-24 04:02:01] Noobz : weeeeeee
[2017-01-24 04:02:02] cryptwrecked : thats me, I'm rekt, see ya guys
[2017-01-24 04:02:05] cryptwrecked : have fun
[2017-01-24 04:02:07] rowrow : eh, chat filter, fair enough
[2017-01-24 04:02:08] Tetsuo : bye
[2017-01-24 04:02:09] jezeus : bought 897 I sold at 910
[2017-01-24 04:02:16] Apocalyptic : holy shit
[2017-01-24 04:02:17] REKT : Liquidated short on `XBTUSD`: buy 50000 @ 919.96 **MEGA-REKT** :boom:
[2017-01-24 04:02:30] Noobz : 950
[2017-01-24 04:02:41] REKT : Liquidated long on `XBTH17`: sell 4201 @ 923.49
[2017-01-24 04:02:45] aethlios : manipulators........
[2017-01-24 04:02:46] Rado : BTCC no trades?
[2017-01-24 04:02:52] happy : holy f
[2017-01-24 04:03:10] Sultan Pepper : Laser beam
[2017-01-24 04:03:23] rowrow : i probably should have sold some on that pump, but don't want to sell when i don't know what's going on and markets are freezing
[2017-01-24 04:03:36] VenCap : wtf was that
[2017-01-24 04:03:39] narnarfromnarnia : you guys don't realize
[2017-01-24 04:03:41] VenCap : 20 usd jump
[2017-01-24 04:03:43] narnarfromnarnia : shorts have to close from the top
[2017-01-24 04:03:44] jedisatoshi : I remember saying earlier that everyone was too bearish!!! and too many are short! hahahhaahahah!
[2017-01-24 04:03:49] narnarfromnarnia : and there's no margin to sell back down
[2017-01-24 04:03:57] narnarfromnarnia : its gonna get real weird
[2017-01-24 04:04:10] rowrow : the fight has begun
[2017-01-24 04:04:19] jezeus : you actually have to have the coins to short in china, find out who the real bears are quick
[2017-01-24 04:04:55] j8 : hilarious
[2017-01-24 04:05:08] micmix : "introducing fees to reduce volatility" lol
[2017-01-24 04:05:23] Rado : [2017-01-24 03:01:32] Rado : I think BTC will go up
[2017-01-24 04:05:25] Noobz : lol
[2017-01-24 04:05:28] Tetsuo : micmix: lol
[2017-01-24 04:05:44] Rado : j8: hey man
[2017-01-24 04:05:49] j8 : whats up
[2017-01-24 04:05:55] Rado : having fun
[2017-01-24 04:06:01] Rado : :-)
[2017-01-24 04:06:01] j8 : yeah this is wild
[2017-01-24 04:06:10] Tetsuo : Rado: :-)
[2017-01-24 04:06:23] micmix : thank you all for super cheap quarterlies
[2017-01-24 04:06:30] Tetsuo : micmix: +100000
[2017-01-24 04:06:32] Rado : micmix: exactly
[2017-01-24 04:06:41] Rado : too bad I bought only 1/3 of my usual
[2017-01-24 04:07:02] Tetsuo : i wen´t badass lon like 3x more of my normal :-)
[2017-01-24 04:07:15] Rado : :-)
[2017-01-24 04:07:23] Tetsuo : :BTC: :-)
[2017-01-24 04:08:08] MikeHunt : okcoin dont look right
[2017-01-24 04:08:12] Sultan Pepper : Pump and what?
[2017-01-24 04:08:16] jezeus : if you went to bed 8 hours ago and just now wake up you wouldn't know anything happened
[2017-01-24 04:08:27] Noobz : lol
[2017-01-24 04:08:41] Tetsuo : real bitcoiners don´t sleep
[2017-01-24 04:08:59] jezeus : yea cocaine is a helluva drug
[2017-01-24 04:09:33] VenCap : final death throw before huge red candle
[2017-01-24 04:09:35] Sultan Pepper : Btc is making my eye twitch
[2017-01-24 04:09:42] MikeHunt : been up 36hrs so far
[2017-01-24 04:09:45] yungyang : haven't heard much from mike
[2017-01-24 04:09:47] yungyang : oh there he is
[2017-01-24 04:09:49] narnarfromnarnia : it just got rid of the shorters
[2017-01-24 04:10:53] MikeHunt : here we go
[2017-01-24 04:11:02] narnarfromnarnia : MikeHunt: ?
[2017-01-24 04:11:11] Sultan Pepper : 36h Mike?
[2017-01-24 04:11:17] Sultan Pepper : seriously?
[2017-01-24 04:11:21] yungyang : bitcoin mike
[2017-01-24 04:11:40] abbey : his hallusinating
[2017-01-24 04:11:45] MikeHunt : Sultan Pepper: yeh + hvy labor
[2017-01-24 04:11:56] Sultan Pepper : Jesus man
[2017-01-24 04:12:14] Sultan Pepper : You gon sleep well tonight!
[2017-01-24 04:12:27] Sultan Pepper : Well, maybe
[2017-01-24 04:13:29] narnarfromnarnia : some info that stops were there that large was known
[2017-01-24 04:13:30] narnarfromnarnia : for sure
[2017-01-24 04:13:31] narnarfromnarnia : imo
[2017-01-24 04:13:56] REKT : Liquidated long on `XBTUSD`: sell 74970 @ 914.36 **MEGA-REKT** :boom:
[2017-01-24 04:14:03] narnarfromnarnia : lol
[2017-01-24 04:14:37] aethlios : rekt longs, reverse 100% and rekt shorts
[2017-01-24 04:15:14] aethlios : old good 2013 volatile btc, i don't see any adoption happening with such price manipulation
[2017-01-24 04:15:17] VenCap : cat bonuces high for being dead
[2017-01-24 04:15:26] MikeHunt : i hope this shorts itself out within 7 hours, dont wanna pay funding
[2017-01-24 04:16:19] Tetsuo : yeah sure funding is the greatest issue in volatile times like these....
[2017-01-24 04:16:21] VenCap : can we see top contract holders here for btc?
[2017-01-24 04:16:24] Rado : VenCap: being dead?
[2017-01-24 04:16:30] Rado : where do you love man?
[2017-01-24 04:16:31] aethlios : MikeHunt: can we find if fees are reality???
[2017-01-24 04:16:38] Rado : live
[2017-01-24 04:16:52] MikeHunt : aethlios: ?
[2017-01-24 04:16:58] Sultan Pepper : North mexico?
[2017-01-24 04:17:11] Tetsuo : bears be like ??????????????????
[2017-01-24 04:17:56] MikeHunt : looks like a bear just existed at 4am on okc
[2017-01-24 04:18:02] MikeHunt : exited*
[2017-01-24 04:19:06] guacamole : aethlios: the price itself actually wasn't that volatile, just the futures
[2017-01-24 04:19:30] narnarfromnarnia : there is no bear juice
[2017-01-24 04:19:36] narnarfromnarnia : shorts from 1100's
[2017-01-24 04:19:39] narnarfromnarnia : have to close
[2017-01-24 04:19:44] aethlios : btcc says 0.2% fees, but okcoin says on website 0. btcc spread 0.35% now.
[2017-01-24 04:19:51] aethlios : bid ask spread
[2017-01-24 04:20:25] abbey : also reversed h&s
[2017-01-24 04:20:37] Tetsuo : fees don´t mean shit to the price, if anything than just less manipulation from china
[2017-01-24 04:21:32] VenCap : i think we going to see 800 next few days people
[2017-01-24 04:21:32] Tetsuo : getting rid of this shit is like getting rid of cancer
[2017-01-24 04:22:00] Rado : VenCap: thinking is not going to help you
[2017-01-24 04:22:08] Rado : trade the market
[2017-01-24 04:22:11] MikeHunt : aethlios: so okc aint done it yet?
[2017-01-24 04:22:12] VenCap : amen to that
[2017-01-24 04:22:13] guacamole : someone know if it's maker-taker fee structure in china or flat .2%?
[2017-01-24 04:22:17] VenCap : praying does not work either
[2017-01-24 04:22:48] aethlios : MikeHunt: https://www.okcoin.cn/fees.html also spread bid ask is zero
[2017-01-24 04:23:01] Apocalyptic : there is like 8 times less new trades at OKC cny
[2017-01-24 04:23:09] aethlios : guacamole: btcc 0.20% flat for both maker taker
[2017-01-24 04:23:18] guacamole : ty
[2017-01-24 04:23:20] Apocalyptic : barely 2 trades/seconds now
[2017-01-24 04:23:34] Apocalyptic : was around 30/40 before
[2017-01-24 04:23:48] MikeHunt : so btcc is confirmed
[2017-01-24 04:23:52] MikeHunt : okc aint done it yet
[2017-01-24 04:23:54] MikeHunt : huobi?
[2017-01-24 04:24:26] REKT : Liquidated long on `XBTUSD`: sell 20000 @ 909.14
[2017-01-24 04:24:56] ixess : bitmex staff, i thought my liquidation would give me back the left over, or else i would have market sold myself, can i have what was left over in this case please?
[2017-01-24 04:25:10] Tetsuo : no
[2017-01-24 04:25:42] MikeHunt : huboi cn now has fees
[2017-01-24 04:25:45] MikeHunt : just okc left
[2017-01-24 04:26:50] guacamole : did the insurance fund here get hit hard with the instant price change on futures?
[2017-01-24 04:27:05] Tetsuo : no
[2017-01-24 04:27:26] VenCap : hold onto your wobbly bits
[2017-01-24 04:28:05] MikeHunt : maybe okcoin staff not update site because they are running to nearest airport
[2017-01-24 04:28:30] Rado : I think we are going to see $950
[2017-01-24 04:29:29] heheh lo : lol arbitrage
[2017-01-24 04:29:46] Papou : lol right rado
[2017-01-24 04:30:03] Papou : ixess u get rekt?
[2017-01-24 04:30:26] Rado : yes Papou, you are next
[2017-01-24 04:30:41] MikeHunt : not expecting action until OKC does fees
[2017-01-24 04:32:17] aethlios : 12 btc traded btc china previous 5 minutes
[2017-01-24 04:32:36] Apocalyptic : aethlios: yeah
[2017-01-24 04:32:41] Apocalyptic : numbers getting real
[2017-01-24 04:32:53] MikeHunt : keep an eye on okc
[2017-01-24 04:33:02] MikeHunt : until they do 0% chins can just move there
[2017-01-24 04:33:03] aethlios : Apocalyptic: from 1000 a normal average 5minute previous
[2017-01-24 04:33:10] Apocalyptic : okc volume dropped like 80%
[2017-01-24 04:33:18] Papou : 550 low
[2017-01-24 04:33:22] Papou : august 2016 low retest
[2017-01-24 04:33:34] Apocalyptic : MikeHunt: it seems like they did
[2017-01-24 04:33:44] Apocalyptic : otherwise why so few trades
[2017-01-24 04:33:53] MikeHunt : Apocalyptic: they aint updated site yet, hmm
[2017-01-24 04:33:59] MikeHunt : Papou: 3k cny?
[2017-01-24 04:34:01] aethlios : future market is now huge based on spot btc
[2017-01-24 04:34:03] Apocalyptic : that may be true
[2017-01-24 04:34:10] Apocalyptic : but the 80% volume drop is real
[2017-01-24 04:34:47] MikeHunt : i think it will take a while before this sets in
[2017-01-24 04:36:36] aethlios : btcc last 5minute 5 btc volume from 1000 average
[2017-01-24 04:36:57] aethlios : okcoin volume looks like a no fee volume yet
[2017-01-24 04:37:13] VenCap : we could see some nasty surprsies?
[2017-01-24 04:37:30] VenCap : if vol has been faked for so long. its cant be good for short term price
[2017-01-24 04:37:58] aethlios : no spot price leader now.
[2017-01-24 04:38:15] MikeHunt : i place bottom around 3-4k cny
[2017-01-24 04:38:23] MikeHunt : or the new "mean"
[2017-01-24 04:38:39] VenCap : mike usd price 500 -600?
[2017-01-24 04:38:43] MikeHunt : yes
[2017-01-24 04:38:48] MikeHunt : might take a while thou
[2017-01-24 04:39:01] VenCap : not a bad entry price for new commers
[2017-01-24 04:39:11] VenCap : 600 would be fine
[2017-01-24 04:39:33] MikeHunt : i dont think we'll see gox style crash, just everything will be shifted down
[2017-01-24 04:39:54] MikeHunt : unless every1 panics...
[2017-01-24 04:40:06] VenCap : trump jut pulled out of china also
[2017-01-24 04:40:35] aethlios : last full 5minute okcoin 96 btc volume from 800
[2017-01-24 04:40:37] VenCap : trans pacific deal
[2017-01-24 04:40:49] VenCap : vol sustains price
[2017-01-24 04:42:27] MikeHunt : aethlios: what are you using for stats?
[2017-01-24 04:42:47] aethlios : MikeHunt: cryptowat
[2017-01-24 04:43:26] MikeHunt : in 2013 iirc the volume dropped by ~ the same percentage
[2017-01-24 04:44:10] aethlios : if volume was fake, why price is real????
[2017-01-24 04:44:36] Yuppie : Action in future is absurd...was there a massive REKT?
[2017-01-24 04:44:55] MikeHunt : okc is still 0%
[2017-01-24 04:45:12] Apocalyptic : MikeHunt: how do you know dude ?
[2017-01-24 04:45:35] Apocalyptic : again, it's not because they haven't updated the site that there's no fee
[2017-01-24 04:45:36] abbey : shoulder ready, up we go!
[2017-01-24 04:46:03] Apocalyptic : aethlios and I have seen the volume figures, something happened at okc too
[2017-01-24 04:46:37] VenCap : abbey or down
[2017-01-24 04:47:00] abbey : REVERSED H&S pattern shoulder 15 charts everywhere
[2017-01-24 04:47:05] MikeHunt : Apocalyptic: https://www.okcoin.cn/fees.html
[2017-01-24 04:47:12] abbey : 15min*
[2017-01-24 04:47:18] Rado : MikeHunt: do you have an account
[2017-01-24 04:47:21] Apocalyptic : lol, you must not be reading
[2017-01-24 04:47:23] Rado : make a trade and see
[2017-01-24 04:47:23] MikeHunt : Rado: nop
[2017-01-24 04:47:24] Yuppie : Although in future there a big price jumps and low volume, once can get in an out with reasonable spread and good volume...thats good
[2017-01-24 04:47:32] Apocalyptic : "again, it's not because they haven't updated the site that there's no fee"
[2017-01-24 04:47:50] MikeHunt : im just assuming they arent that incompetant
[2017-01-24 04:47:52] abbey : That is bullish
[2017-01-24 04:48:28] abbey : !
[2017-01-24 04:49:35] abbey : take a look at the okcoin orderbook
[2017-01-24 04:49:38] VenCap : good luck in btc pumping on fresh air
[2017-01-24 04:50:20] MikeHunt : its like china died
[2017-01-24 04:50:25] MikeHunt : but still standing
[2017-01-24 04:50:28] MikeHunt : zombi?
[2017-01-24 04:50:42] abbey : MikeHunt: get some sleep dude
[2017-01-24 04:51:38] abbey : you have think sharp when you trade
[2017-01-24 04:51:46] abbey : have to
[2017-01-24 04:51:52] abbey : *
[2017-01-24 04:52:34] abbey : Do you guys know what reversed h&s pattern is?
[2017-01-24 04:52:45] abbey : or what it means
[2017-01-24 04:52:59] Mm bot : is Bitmex blocked in china?
[2017-01-24 04:53:17] Rado : yes
[2017-01-24 04:53:17] Yuppie : Anyone trading on Quoine?
[2017-01-24 04:53:25] Yuppie : Rado: why?
[2017-01-24 04:53:32] Mm bot : Chinese chat room dead
[2017-01-24 04:53:34] Rado : Yuppie: Chinese regulation
[2017-01-24 04:53:44] Yuppie : Leverage?
[2017-01-24 04:53:46] Rado : you have to be in the mainland to have an exchange
[2017-01-24 04:54:00] Yuppie : I see
[2017-01-24 04:54:27] Mm bot : i thought this margin ban would give bitmex some edge
[2017-01-24 04:54:29] Yuppie : happy Europe is easy on all of those trading things
[2017-01-24 04:54:43] abbey : we go nowhere but up
[2017-01-24 04:54:53] VenCap : i get rekt
[2017-01-24 04:55:00] VenCap : hard
[2017-01-24 04:55:02] MikeHunt : abbey: yeh im gonna set alarm n go sleep b4 i turn into a zomi
[2017-01-24 04:55:03] Tetsuo : i doubt that bitmex is banned china....
[2017-01-24 04:55:12] Mm bot : i think there would be a lot of BTC transactions migration away from CNY into USD markets
[2017-01-24 04:55:44] Yuppie : Without Bitmex I would probably not be involved in BTC...very good setup here
[2017-01-24 04:55:46] abbey : MikeHunt: :D good night
[2017-01-24 04:56:11] abbey : sleep tight
[2017-01-24 04:56:29] Tetsuo : god so many fresh noobs arrived here in the last 4 weeks, iwan´t the old slow bitmex troll back
[2017-01-24 04:56:45] Tetsuo : *troll box
[2017-01-24 04:57:01] ixess : i started bitmex 1 year ago
[2017-01-24 04:57:36] Tetsuo : good to have u here ixess
[2017-01-24 04:57:48] Yuppie : Trollbox is fun here
[2017-01-24 04:57:52] Tetsuo : sweet kisses for ixess
[2017-01-24 04:58:16] ixess : you know why i started? to do bfx on leverage
[2017-01-24 04:58:35] Tetsuo : lol
[2017-01-24 04:58:37] Rado : funding 0.25%
[2017-01-24 04:58:42] Tetsuo : what´s bfx tradin nowadays
[2017-01-24 04:58:42] abbey : Tetsuo: I have traded here long time too, just got into trollbox few weeks ago
[2017-01-24 04:59:08] ixess : .69
[2017-01-24 04:59:23] Tetsuo : abbey: also sweet kisses for u
[2017-01-24 04:59:46] Yuppie : I am looking at other exchanges to arb a little but have not been convinced yet by any one really
[2017-01-24 05:00:10] ixess : i dont trade bfx anymore but it looks like it might have a bullflag
[2017-01-24 05:00:13] abbey : Tetsuo: thanks, 4 u too
[2017-01-24 05:00:24] Apocalyptic : Yuppie: yeah, bitmex seems like the most trustworthy
[2017-01-24 05:01:53] KyllingLolsson : Can any one tell me why the price went down last night? Just trying to learned
[2017-01-24 05:02:08] Yuppie : Apocalyptic: its setup by actual traders so thats what I like, seems to function well even in volatile times
[2017-01-24 05:02:31] Apocalyptic : they know what they are doing
[2017-01-24 05:02:40] Apocalyptic : hard to say that of other exchanges
[2017-01-24 05:02:54] Yuppie : Also I am not so comfortable to put BTC in some exchange, rather use leverage and keep balance smaller
[2017-01-24 05:03:13] VenCap : Abbey i jut went all in long now, thanks to your callss
[2017-01-24 05:04:24] abbey : VenCap: your kidding me, right?
[2017-01-24 05:04:40] abbey : *you're
[2017-01-24 05:04:44] VenCap : no you were very persistant on your call
[2017-01-24 05:04:52] VenCap : and you seem to know what you are talking about
[2017-01-24 05:05:04] VenCap : so hey, go with the smart person
[2017-01-24 05:05:48] abbey : ok, thanks mate.
[2017-01-24 05:06:18] VenCap : hope your right. and we fly to 930
[2017-01-24 05:06:19] abbey : but don't go ALL in
[2017-01-24 05:06:50] VenCap : im a all or nothing type of person
[2017-01-24 05:06:53] abbey : VenCap: yeah, me too.
[2017-01-24 05:07:05] Tetsuo : MAX LEVERAGE MAX PROFIT
[2017-01-24 05:07:08] abbey : no not me too
[2017-01-24 05:07:20] Noobz : lol
[2017-01-24 05:07:29] abbey : me too for i hope too i'm right.
[2017-01-24 05:07:31] VenCap : x25%
[2017-01-24 05:07:41] abbey : I never go all in.
[2017-01-24 05:08:01] VenCap : thats why you are smart
[2017-01-24 05:08:55] Rado : for me to go all in I need to buy 3 mill contracts
[2017-01-24 05:09:03] VenCap : when is next "Funding" Tax here?
[2017-01-24 05:11:10] Tetsuo : Rado: that would be a nice REKT
[2017-01-24 05:11:36] Rado : yeah
[2017-01-24 05:11:38] Tetsuo : might even get your own name for that
[2017-01-24 05:12:10] Tetsuo : how much did trollboxer lose when he shorted zcash?
[2017-01-24 05:12:14] Tetsuo : 500BTC?
[2017-01-24 05:12:16] abbey : VenCap: on the right upper corner, almost 7 hours.
[2017-01-24 05:12:29] Rado : Tetsuo: no
[2017-01-24 05:12:34] VenCap : ah i see it
[2017-01-24 05:12:40] VenCap : do i know how much i will get taxed?
[2017-01-24 05:12:42] Tetsuo : Rado: how much was it?
[2017-01-24 05:12:55] abbey : VenCap: use stops if your all in.
[2017-01-24 05:12:57] Apocalyptic : okc so dead
[2017-01-24 05:13:04] Rado : don't remember exactly, but it was smaller
[2017-01-24 05:13:11] Tetsuo : k
[2017-01-24 05:13:16] Rado : rapidtrades will have the archives
[2017-01-24 05:13:18] VenCap : situation calls for no stops exit or get rekt
[2017-01-24 05:13:26] Tetsuo : Rado: i´m sure of that, lol
[2017-01-24 05:13:36] Rado : :-)
[2017-01-24 05:14:05] VenCap : do we know ho much will be taken from us, before it happens? roughly
[2017-01-24 05:14:27] VenCap : margin is 18.7btc
[2017-01-24 05:15:50] abbey : VenCap: next funding is positive for longs for now, 0,2586%
[2017-01-24 05:16:33] VenCap : poitive for longs? which means no fee?
[2017-01-24 05:16:34] VenCap : confused
[2017-01-24 05:16:37] abbey : i have to go now for a moment
[2017-01-24 05:20:04] micmix : VenCap: longs will get paid 0.2586% of position size
[2017-01-24 05:20:26] VenCap : what happens if it goes short?
[2017-01-24 05:20:37] VenCap : howdo you know its long now?
[2017-01-24 05:20:56] VenCap : how do we know if it goes "short
[2017-01-24 05:22:41] micmix : VenCap: it says "Funding Rate -0.2586% In 6 hours". -x% means shorts pay, longs get paid x%, +x% means shorts get paid, longs pay
[2017-01-24 05:32:08] Apocalyptic : micmix: have you noticed how volume dried up
[2017-01-24 05:34:06] guacamole : think the premiums are closing in due to boredom at this rate (though their existence was based on predicting a crash after the fee change as well)
[2017-01-24 05:35:36] guacamole : a week from now we might all miss the old china - at least people who like market action and orderbook liquidity
[2017-01-24 05:46:00] VenCap : how can the "funding Rate" swing from long to short? what needs to happen
[2017-01-24 05:49:20] Tetsuo : everyone cry a fuckin river for china
[2017-01-24 05:50:01] Apocalyptic : china dumping
[2017-01-24 05:50:44] VenCap : how does the funding rate change from long to short?
[2017-01-24 05:50:46] VenCap : anyone please?
[2017-01-24 05:51:04] Apocalyptic : look at the orderbooks
[2017-01-24 05:51:08] Apocalyptic : there is nothing left
[2017-01-24 05:51:14] VenCap : on the buy side?
[2017-01-24 05:51:16] guacamole : VenCap: funding rate is used to keep the swap price pinned to the index price. When the price is lower than the index, shorts pay longs to incentivize people to buy in.
[2017-01-24 05:51:18] VenCap : or in general
[2017-01-24 05:51:39] VenCap : when do longs pay shorts?
[2017-01-24 05:51:45] aethlios : VenCap: funding rate is the average premium or discount of swap price from index, so if swap traded below index because traders are bearish it is a discount
[2017-01-24 05:52:13] VenCap : and in simple terms? how does the lending rate favour shorts?
[2017-01-24 05:52:32] VenCap : "when the price s lower than index" What price ? what index please> :O)
[2017-01-24 05:52:34] guacamole : it doesn't favor shorts, there are just more people who want to short now
[2017-01-24 05:52:38] herpinator : volume is so low
[2017-01-24 05:52:43] VenCap : ah ok.
[2017-01-24 05:52:58] aethlios : if swap is above spot, so a premium, shorts earn the funding, no happens the opposite and shorts pay to longs
[2017-01-24 05:53:12] VenCap : so in simple terms, it taxes people who are in the biggest "orders" in this case, more people are hsorting so they pay the tax, right?
[2017-01-24 05:53:30] herpinator : guacamole: every time I see your name I think of jeb! and his guacbowls
[2017-01-24 05:53:39] aethlios : price is the xbtusd price, index is xbt/usd spot (up in the screen)
[2017-01-24 05:53:53] guacamole : herpinator: good ole' jeb
[2017-01-24 05:54:03] guacamole : sorry, iJeb!
[2017-01-24 05:55:07] aethlios : VenCap: because someone has to do the sucker and go the opposite direction, now shorts pay longs to convince them to play the sucker long trade.
[2017-01-24 05:55:50] aethlios : VenCap: you can use march contract which has no funding.
[2017-01-24 05:58:38] VenCap : thanks aethlios
[2017-01-24 05:58:52] VenCap : still unclear how it decides, but there is ay too much to understand here
[2017-01-24 05:59:02] VenCap : and i iwill get rekt before any of it even mater most liekly
[2017-01-24 06:00:02] aethlios : VenCap: demand and supply push it above or below index, no supply is much stronger and price is traded below index to match the supply demand equality.
[2017-01-24 06:01:12] VenCap : aethlios, and Vol dropping would sugest BTC gonig south, not uber up like Abbey says
[2017-01-24 06:01:15] guacamole : VenCap: index price is based on other exchanges if that's what is confusing you
[2017-01-24 06:01:48] VenCap : in simple terms
[2017-01-24 06:01:53] guacamole : that's one interpretation of the situation, if it were obvious, it would already be priced in
[2017-01-24 06:02:29] VenCap : if price drops to $900 long get paid right
[2017-01-24 06:03:43] guacamole : funding is based on the difference between bitmex price and index price, not the price itself
[2017-01-24 06:04:35] guacamole : it's also an average over 8 hours - longs will certainly get paid next 2 funding rounds
[2017-01-24 06:05:11] guacamole : all this stuff is explained in the references if you look there
[2017-01-24 06:06:59] VenCap : so the lower it goes, the more logns get paid, well compensated for huge losses