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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[2017-01-25 01:28:04] Rado : now if we can only stop talking about China
[2017-01-25 01:28:14] BitMEX_Wally : MikeHunt: We are not registered with the CFTC
[2017-01-25 01:28:23] MikeHunt : Rado: not over until we correct chinas shenanigans
[2017-01-25 01:28:42] Rado : MikeHunt: that means we need to go to $1500
[2017-01-25 01:28:49] MikeHunt : Rado: lol
[2017-01-25 01:29:00] Rado : because China was suppressing BTC price
[2017-01-25 01:29:11] MikeHunt : the price seems to be going the other way
[2017-01-25 01:29:17] kilrari : Well now china is propping it
[2017-01-25 01:29:19] Rado : not really
[2017-01-25 01:29:40] kilrari : though I really dont see any indicators that we are going down
[2017-01-25 01:29:59] rapidtrades : except price going don
[2017-01-25 01:30:30] abbey : up
[2017-01-25 01:31:08] Rado : rapidtrades: check your chart again
[2017-01-25 01:31:29] Rado : 1, 2 and 4 hr charts are all in an uptrend
[2017-01-25 01:31:37] rapidtrades : all of yer newbs will be flushed out just like the newbebes that were here around $1100
[2017-01-25 01:31:52] MikeHunt : rapidtrades: yaaaar
[2017-01-25 01:31:58] kilrari : In the short term, there are no useful patterns but on the weekly bars, it seems we should go sideways or down, but continuing past 1000 would be too fast
[2017-01-25 01:32:27] MikeHunt : descending triangle on RSI 1hr
[2017-01-25 01:33:08] MikeHunt : wen it completes we should go down as fast as sully
[2017-01-25 01:33:10] MikeHunt : https://www.youtube.com/watch?v=s8JFVSNxkEI
[2017-01-25 01:33:53] sleger : I'm just a bot bleep bleep blop "[2017-01-25 00:00:47] rapidtrades : below $850 in 1 hour"
[2017-01-25 01:34:18] Ahhere : sleger: rapstradamus
[2017-01-25 01:35:32] kilrari : I'm just gonna hold onto my short with low leverage because im expecting shenangins before price drops
[2017-01-25 01:36:57] MikeHunt : sleger: this sort of bot? https://www.youtube.com/watch?v=uzO2mi4uHAs
[2017-01-25 01:37:19] sleger : i'm not clicking any link coming from that guy ^
[2017-01-25 01:37:41] Rado : I think MikeHunt is the best contrain indicator
[2017-01-25 01:37:45] Rado : never seen anything he says pan out
[2017-01-25 01:38:47] micmix : BitMEX_Wally: thank you very much for increasing the discount for bulk orders!
[2017-01-25 01:39:44] MikeHunt : Rado: i said china no-no fees = tank, it did
[2017-01-25 01:40:01] Rado : It did not
[2017-01-25 01:40:05] Rado : same price
[2017-01-25 01:40:07] sleger : you probably also said 20x the opposite
[2017-01-25 01:40:35] MikeHunt : Rado: but it did go down after it
[2017-01-25 01:41:40] rapidtrades : has anyone noticed an improvment post 'front-end update'
[2017-01-25 01:41:52] sleger : "hey look for 6 seconds, 3 days after i said something it came true, i am soooooo goood " =<mikehunt
[2017-01-25 01:42:03] rapidtrades : cos i aint seeing noticeable speed increase or lag decrease
[2017-01-25 01:42:04] sleger : ^ cant even do that <= correctly
[2017-01-25 01:42:11] rapidtrades : getting lag right now
[2017-01-25 01:44:44] MikeHunt : srsly thou i mean bear market
[2017-01-25 01:44:51] MikeHunt : it will go up/down obviously on way down
[2017-01-25 01:46:10] rapidtrades : kil it, kill it with FIRE
[2017-01-25 01:46:40] -_- : looks like we're happy with a $20 discount on quarterly now. no longer is it going back to $10 discount
[2017-01-25 01:53:04] rapidtrades : hey what's $20-$40 discount among friend
[2017-01-25 01:53:14] rapidtrades : totally cool and nothing to worry about here
[2017-01-25 01:54:05] -_- : open contracts going up too
[2017-01-25 02:12:48] -_- : someone just shorted 50k
[2017-01-25 02:12:55] -_- : and has another 50k on the books to short xbth17 lol
[2017-01-25 02:13:25] -_- : best of luck shorting with $20 discount
[2017-01-25 02:14:37] greedisbad : He gon get REKT'd unless he closing a long
[2017-01-25 02:15:01] -_- : must have heard us talking and removed the wall
[2017-01-25 02:15:56] -_- : i remember when some guy longed 100k contracts at 100x. even moved their wall up to get filled. 2 minutes later got margin called
[2017-01-25 02:18:58] -_- : man
[2017-01-25 02:19:00] -_- : china pumping
[2017-01-25 02:19:05] guacamole : finally have a bit of upward momentum, guess we'll see if it stalls out or not
[2017-01-25 02:19:09] -_- : lets start pumping quarterly here
[2017-01-25 02:19:43] -_- : no wonder xbth17 isnt moving. 0kcoin quarterly isnt. even though okcoin spot is
[2017-01-25 02:19:49] -_- : shit ran out of buyres
[2017-01-25 02:21:01] -_- : 6300!!
[2017-01-25 02:21:08] -_- : back above 900 everywhere soon
[2017-01-25 02:32:04] rangle : no rekt shorts suprise
[2017-01-25 02:32:55] FreeBitcoins : that comes 903 906
[2017-01-25 02:33:30] -_- : 0kcoin order book thin again. some whale was just getting in
[2017-01-25 02:33:53] -_- : bitstamp has some whale with a 50 btc buy wall pushing price up
[2017-01-25 02:34:03] -_- : dont know if should trust this rise
[2017-01-25 02:34:29] micmix : it's really pathetic when you can push the price around with 100 coins
[2017-01-25 02:35:16] -_- : couple hundred BTC dump on all exchanges and we are down $15 again
[2017-01-25 02:35:51] -_- : probably need to wait 6 hours or so for prime time china
[2017-01-25 02:37:40] MikeHunt : with china dead the mean shifts downwards
[2017-01-25 02:37:48] MikeHunt : meaning the trend is bearish
[2017-01-25 02:38:39] Sultan Pepper : How do you guys get price alarms on iPhone?
[2017-01-25 02:39:03] j8 : china banking holiday would be a great time to push down
[2017-01-25 02:43:32] rangle : Sultan Pepper: i use tradingview account to send price alert by SMS
[2017-01-25 02:45:34] REKT : Liquidated short on `XBTUSD`: buy 501 @ 902.23
[2017-01-25 02:48:13] Rogiel : Sultan Pepper: tabtrader is nice, does not have bitmex though
[2017-01-25 02:48:43] Sultan Pepper : Is it close enough for me to see any major movement?
[2017-01-25 02:49:16] Sultan Pepper : i don't need notifications all day, just a big change here and there
[2017-01-25 02:49:34] Sultan Pepper : TY Rogiel
[2017-01-25 02:55:02] -_- : 0kcoin stacking sell walls
[2017-01-25 02:57:07] -_- : stamps 1 trader is having fun
[2017-01-25 03:11:13] Papou : why is anyone seriously still buying?
[2017-01-25 03:11:23] Papou : i dont get it
[2017-01-25 03:11:53] micmix : bc bitcoin is awesome
[2017-01-25 03:13:07] Rado : micmix: amen
[2017-01-25 03:14:55] YOLOCOIN : almost funding again
[2017-01-25 03:14:57] YOLOCOIN : ugh fuck
[2017-01-25 03:15:00] YOLOCOIN : so high
[2017-01-25 03:16:14] micmix : don't short if you don't want to pay @YOLOCOIN
[2017-01-25 03:16:39] YOLOCOIN : should just keep my trades short
[2017-01-25 03:16:58] YOLOCOIN : been holding it from 916
[2017-01-25 03:17:14] YOLOCOIN : almost didnt make anything
[2017-01-25 03:17:19] YOLOCOIN : cuz of the high funding cost
[2017-01-25 03:17:30] micmix : 'keep my trades short' - nice wordplay
[2017-01-25 03:18:25] Papou : shouldve shorted future
[2017-01-25 03:18:39] Papou : couldve caught a 940 to 865
[2017-01-25 03:19:24] YOLOCOIN : did you catch it?
[2017-01-25 03:19:47] micmix : best trade was short futures long swap when they were on par
[2017-01-25 03:19:53] Papou : yep
[2017-01-25 03:20:02] Papou : 4000 contracts only though
[2017-01-25 03:20:06] -_- : ah $25 discount now
[2017-01-25 03:20:16] REKT : Liquidated long on `XBTH17`: sell 3000 @ 874.56
[2017-01-25 03:20:19] -_- : some big shorters on here
[2017-01-25 03:21:15] -_- : beginning of the great dump. must be around the corner
[2017-01-25 03:23:24] YOLOCOIN : lower leverage pay less during funding?
[2017-01-25 03:24:10] rangle : yes
[2017-01-25 03:24:56] YOLOCOIN : if i lower it right before the funding period then raise it again afterwards will that let me dodge some of the cost?
[2017-01-25 03:25:00] -_- : $43 discount 0kcoin quarterly. $25 bitmex quarterly
[2017-01-25 03:25:35] -_- : pretty sure it goes by contract size
[2017-01-25 03:25:54] YOLOCOIN : i thought it was by margin
[2017-01-25 03:32:13] micmix : YOLOCOIN: funding is % of position size, marging doesn't matter
[2017-01-25 03:32:19] micmix : *margin
[2017-01-25 03:57:51] narnarfromnarnia : dumping?
[2017-01-25 03:58:00] YOLOCOIN : yep
[2017-01-25 03:58:04] YOLOCOIN : right after funding
[2017-01-25 03:58:06] YOLOCOIN : lmfao
[2017-01-25 03:58:16] knikky : this fundiing man
[2017-01-25 03:58:18] knikky : gonna hurt
[2017-01-25 03:58:38] YOLOCOIN : gay shit
[2017-01-25 04:00:29] knikky : lolit went down significantly within 10 seconds
[2017-01-25 04:00:50] YOLOCOIN : yeah
[2017-01-25 04:01:08] narnarfromnarnia : lol
[2017-01-25 04:01:26] YOLOCOIN : shit people do to dodge the funding man
[2017-01-25 04:01:52] knikky : it took about 8% of my total funds
[2017-01-25 04:01:52] j8 : well they try anyway
[2017-01-25 04:01:53] knikky : lol
[2017-01-25 04:02:10] knikky : too much leverage
[2017-01-25 04:02:14] narnarfromnarnia : knikky: thank you
[2017-01-25 04:02:22] knikky : np man
[2017-01-25 04:02:27] knikky : have fun losing it
[2017-01-25 04:03:37] Sultan Pepper : Does ROE take fees into account?
[2017-01-25 04:04:02] YOLOCOIN : no
[2017-01-25 04:06:37] Sultan Pepper : Thanks
[2017-01-25 04:07:33] MikeHunt : bitmex and bearmarket dont go well together
[2017-01-25 04:09:07] micmix : MikeHunt: it goes excellent together, just not for people who short swap ;-)
[2017-01-25 04:12:51] j8 : if you shorted XBTH17 when it was over 1200 you'd be pretty happy now
[2017-01-25 04:13:52] micmix : could have closed around $760 and re-opened again when it was trading at premium
[2017-01-25 04:14:35] j8 : yeah, was there ADL on XBTH17? or just the swap
[2017-01-25 04:15:07] micmix : I'm not sure, I wasn't ADLed but I use very low leverage
[2017-01-25 04:15:50] j8 : i got ADL'd on the swap with probably 2-3x
[2017-01-25 04:16:19] j8 : and i know i was last in the queue because it only took part of my position
[2017-01-25 04:17:00] micmix : I think almost everyone shorting swap was ADLed, I remember sleger said he was ADLed in part with even lower leverage
[2017-01-25 04:21:13] j8 : i guess your bots would probably handle it better than the average person who gets ADL'd while they sleep
[2017-01-25 04:22:24] MikeHunt : micmix: yeh bit late now but ill watch out for it in future
[2017-01-25 04:25:17] l3f : I was promised a dump
[2017-01-25 04:34:43] Rado : I am going to fall asleep watching BTC
[2017-01-25 04:35:39] MikeHunt : l3f: its going to be a very slow, fee raping dumpo
[2017-01-25 04:36:03] l3f : MikeHunt: just like 2013
[2017-01-25 04:36:08] l3f : slow death by a thousand cuts over weeks
[2017-01-25 04:41:31] REKT : Liquidated long on `XBTH17`: sell 2200 @ 873.85
[2017-01-25 04:57:51] REKT : Liquidated long on `XBTUSD`: sell 57100 @ 892.49 **MEGA-REKT** :boom:
[2017-01-25 05:08:27] micmix : j8: yeah, it's not a big problem for bots but building position back still takes time
[2017-01-25 05:09:24] j8 : yeah and you're still taking a loss most likely
[2017-01-25 05:10:16] Rado : micmix: do you do manual trading?
[2017-01-25 05:11:37] micmix : Rado: not very often, mostly to hedge something
[2017-01-25 05:11:48] Rado : k
[2017-01-25 05:12:27] nono1 : is there a way to send price alerts
[2017-01-25 05:12:39] Rado : no
[2017-01-25 05:12:43] nono1 : bmx sorta runs on its own price
[2017-01-25 05:12:47] nono1 : damn
[2017-01-25 05:12:58] nono1 : guess I'll keep to okc then
[2017-01-25 05:13:05] Rado : I should build a future to do this
[2017-01-25 05:13:24] Rado : nono1: how much would you pay to have real time alerts for BitMEX conttracts?
[2017-01-25 05:13:56] nono1 : 5 bucks a month
[2017-01-25 05:14:02] Rado : great
[2017-01-25 05:14:08] Rado : I was just thinking 4.95
[2017-01-25 05:14:13] Rado : :-)
[2017-01-25 05:14:15] nono1 : if it worked well
[2017-01-25 05:14:21] Rado : yes
[2017-01-25 05:14:35] nono1 : well I'm a customer
[2017-01-25 05:14:53] nono1 : my desires would be repeat alrrts
[2017-01-25 05:15:03] nono1 : some apps have alerts but they only trigger once
[2017-01-25 05:15:15] Rado : that's crazy
[2017-01-25 05:15:21] Rado : it should repeat
[2017-01-25 05:15:26] nono1 : it's like no, let me know everytime so I can quickly gauge how much it's crossing a point
[2017-01-25 05:15:42] nono1 : do you have telegram
[2017-01-25 05:15:47] Rado : yes
[2017-01-25 05:16:04] nono1 : are you in whaleclub
[2017-01-25 05:16:27] Rado : no
[2017-01-25 05:16:34] Rado : I have an account, but don't use it
[2017-01-25 05:17:45] nono1 : WC TG link: https://telegram.me/joinchat/BpTIDjwx_ayUl5zN84uQBw
[2017-01-25 05:18:06] nono1 : hop in, then shoot me a msg
[2017-01-25 05:18:19] nono1 : don't want to drop my deetz here
[2017-01-25 05:19:32] aethlios : okcoin 18.5 mill usd almost same as bitmex
[2017-01-25 05:20:42] VenCap : time to meet 800 today Bitcoin....
[2017-01-25 05:21:49] Rado : VenCap: keep dreaming
[2017-01-25 05:22:10] VenCap : Hi Rado, whats your prediction?
[2017-01-25 05:22:37] Rado : 950 in the next 5-7 days
[2017-01-25 05:22:59] VenCap : we shall see, but that would be nice.
[2017-01-25 05:25:30] guacamole : i'm just worried the market could spaz out before then and go on a crazy flash-drop
[2017-01-25 05:26:10] guacamole : give futures a good -$45-$50 premium, maybe even a big premium on spot
[2017-01-25 05:33:50] narnarfromnarnia : this can easily go to a thousand and everyones bearish
[2017-01-25 05:33:59] narnarfromnarnia : the price moves like butter no matter what
[2017-01-25 05:36:17] cryptokeeper : not sure if many are bearish though.
[2017-01-25 05:37:48] cryptokeeper : but gamble on
[2017-01-25 05:39:12] aethlios : huobi okcoin btcc all below 18 mill usd 24H
[2017-01-25 05:44:19] Rado : there are still some exchanges with 0 fees
[2017-01-25 05:44:52] Rado : BitMEX now #3
[2017-01-25 05:46:30] narnarfromnarnia : anyway to get stats on how many btc deposits are made to bitmex
[2017-01-25 05:47:37] Rado : narnarfromnarnia: why would you need that?
[2017-01-25 05:47:54] micmix : narnarfromnarnia: yes, scan the blockchain for all transfers to addresses that start with 3BMEX
[2017-01-25 05:48:08] Rado : I think all BitMEX addresses start with 3BMEX
[2017-01-25 05:48:24] Rado : lol
[2017-01-25 05:48:30] Rado : you beat me to it
[2017-01-25 05:48:43] micmix : Rado: you need to type faster :-)
[2017-01-25 05:48:51] Rado : he he
[2017-01-25 05:49:33] Rado : I should just keep buying H17
[2017-01-25 05:49:38] Rado : $20 discount
[2017-01-25 05:52:21] micmix : swap funding fee is -0.228%. if you think it will stay around -0.2% for 10+ periods longing swap is better
[2017-01-25 05:53:03] j8 : narnarfromnarnia: http://blockchainsql.io/6YoCu0
[2017-01-25 05:53:18] j8 : for example
[2017-01-25 05:53:45] micmix : j8: :+1:
[2017-01-25 05:54:09] micmix : you found my account 3BMEX5fkYWyWarpkupgm5nhRCxUdCZHsRe
[2017-01-25 05:54:12] micmix : lol
[2017-01-25 05:54:31] Rado : micmix: I don't think swap funding will be negative for 10 periods
[2017-01-25 05:54:49] j8 : micmix: baller
[2017-01-25 05:55:41] j8 : or change the last line to `DateTime DESC` to see recent ones
[2017-01-25 05:56:10] micmix : didn't know about blockchain sql, very nice!
[2017-01-25 05:56:20] j8 : yeah it's nifty
[2017-01-25 05:57:29] Rado : micmix: you have the most BTC on BitMEX?
[2017-01-25 05:57:51] micmix : Rado: of course not, I was just kidding
[2017-01-25 05:57:59] Rado : lol
[2017-01-25 05:59:33] Rado : That guys lost quite a few BTC
[2017-01-25 05:59:39] Rado : since End of December
[2017-01-25 05:59:50] Rado : *guy
[2017-01-25 06:00:16] micmix : Rado: I think this is BitMEX internal wallet
[2017-01-25 06:00:26] micmix : one of the addresses in it
[2017-01-25 06:00:33] irishsia : These fees are killing
[2017-01-25 06:00:36] Rado : that makes more sense
[2017-01-25 06:01:33] Rado : I have 5% of BTC on here
[2017-01-25 06:01:36] Rado : lol
[2017-01-25 06:02:11] Rado : you said one of the addresses
[2017-01-25 06:02:24] Rado : how many wallets do they have?
[2017-01-25 06:02:44] arbitrage101 : good afternoon, fellow troll
[2017-01-25 06:02:52] arbitrage101 : how is everyone doing
[2017-01-25 06:03:01] MikeHunt : japanese now lead bitcoin
[2017-01-25 06:03:02] arbitrage101 : getting nice funding?
[2017-01-25 06:03:19] micmix : don't know but most likely they have more than one wallet and use multiple addresses
[2017-01-25 06:03:54] BitMEX_Wally : I wish 3BMEX5fkYWyWarpkupgm5nhRCxUdCZHsRe was internal to BitMEX but it's a customer deposit address for someone who likes to deposit and withdraw a lot. The withdrawals usually get processed out of a different address.
[2017-01-25 06:04:36] arbitrage101 : traders who deposit and withdraw a lot most likely doing hedging on multiple exchanges
[2017-01-25 06:04:45] BitMEX_Wally : Yep
[2017-01-25 06:05:24] Rado : there are 36376 #BMEX addresses
[2017-01-25 06:06:33] micmix : BitMEX_Wally: are you using 3BMEX prefix for internal addresses as well?
[2017-01-25 06:06:54] micmix : sorry, maybe better not to answer that
[2017-01-25 06:07:06] BitMEX_Wally : micmix: No comment :D
[2017-01-25 06:07:19] micmix : right, sorry ;-)
[2017-01-25 06:18:18] v gets : can anyone help me setup an order to auto-close my short at a certain price? I'm guessing I use a Stop Market order...but I don't understand the trigger/close on trigger stuff. Also do I just do a Stop Market Buy in order to close short?
[2017-01-25 06:24:17] guacamole : yeah, stop market buy is easiest way to close your short, you can hover over things to see what they mean
[2017-01-25 06:25:51] v gets : the 'Take Profit Market' seems to let me select buy, the 'stop market' seems to only allow a sell
[2017-01-25 06:26:11] BitMEX_Wally : v gets: Yes, it depends on your trigger price
[2017-01-25 06:27:09] v gets : thanks for the help
[2017-01-25 06:27:26] v gets : do I need to use 'Close on Trigger'?
[2017-01-25 06:27:44] BitMEX_Wally : A Stop Market Buy will trigger if the price rises to your trigger, a Take Profit Market Buy will trigger if the market drops to your trigger (like a limit order)
[2017-01-25 06:27:54] BitMEX_Wally : I would recommend Close on Trigger unless you're doing something complicated
[2017-01-25 06:28:52] v gets : okay thanks
[2017-01-25 06:37:24] narnarfromnarnia : BitMEX_Wally: complicated like reking other people
[2017-01-25 06:37:32] narnarfromnarnia : and lots of btc
[2017-01-25 06:42:00] BitMEX_Wally : narnarfromnarnia: Complicated like having more than 1 Stop order, i.e. partial stop loss at different price levels. If you have 'Close on Trigger' checked it will cancel all other orders
[2017-01-25 06:44:33] irvingtrader : Hi
[2017-01-25 06:44:48] Papou : who is ready for the dump to 840
[2017-01-25 06:45:05] VenCap : Hell Yeah!!!!
[2017-01-25 06:45:11] guacamole : dump to $1
[2017-01-25 06:45:16] VenCap : I am ready. this boat got too many holes in it now...
[2017-01-25 06:45:35] VenCap : Looking like a old dart board in working mens club
[2017-01-25 06:45:51] VenCap : One last little rise before the mega red candle
[2017-01-25 06:47:13] VenCap : people think that this is "dump talk" its gonna pump and are going long..
[2017-01-25 06:47:16] VenCap : :OD
[2017-01-25 06:47:52] guacamole : k
[2017-01-25 06:48:35] v gets : what percentage of ROE = doubling your money?
[2017-01-25 06:48:51] Papou : 100%
[2017-01-25 06:48:58] VenCap : all i know Bitmex is making a lot of money of me.
[2017-01-25 06:49:04] VenCap : 2,3btc in funding fee.....
[2017-01-25 06:49:06] Papou : thats ur fault
[2017-01-25 06:49:22] VenCap : still waiting on the free jar of vaseline...
[2017-01-25 06:49:35] Papou : i think we are being propped up
[2017-01-25 06:49:39] Papou : people are slowly exiting
[2017-01-25 06:49:40] v gets : It seems counter-intuitive....I don't think 100% roe doubles your money.
[2017-01-25 06:49:47] Papou : they are also milking the bitmex funding probably
[2017-01-25 06:49:51] Papou : since shorts are massive
[2017-01-25 06:49:59] Papou : and we are tanking 20% probably
[2017-01-25 06:50:13] Papou : whoever rides this bearwhale will be rich
[2017-01-25 06:51:03] Papou : i think since the dump will be epic....it might happen jan 28
[2017-01-25 06:51:08] Papou : the start of the new year
[2017-01-25 06:51:11] Papou : arise chikun
[2017-01-25 06:51:42] v gets : On the calculator, if I shorted 1000 xbtusd, entered at 893, exit at 793, with 50x leverage, it says my ROE would be 634%. But entry Value was 1.1189, and profit was .1420
[2017-01-25 06:52:01] v gets : thats like nothing...
[2017-01-25 06:52:04] v gets : like 12%
[2017-01-25 06:52:12] v gets : of entry value
[2017-01-25 06:52:43] VenCap : because of the funding fee.
[2017-01-25 06:52:54] VenCap : its a tax for the people who are "winning" big tax
[2017-01-25 06:53:05] VenCap : the reason most people dont come back here
[2017-01-25 06:53:39] VenCap : i am not happy paying 0.7btc to risky $10,000 gambling if the price will go up or down
[2017-01-25 06:54:01] j8 : unrelated
[2017-01-25 06:54:46] v gets : does anyone have a better answer than vencap?
[2017-01-25 06:54:57] j8 : v gets: you get 12% on the position size, which is 50x your margin
[2017-01-25 06:55:11] j8 : so you get 634% on your margin
[2017-01-25 06:55:30] v gets : ahhh...
[2017-01-25 06:55:32] v gets : thanks
[2017-01-25 06:56:06] v gets : so you don't really have to put down the 'position size'...you just have to put down the margin?
[2017-01-25 06:56:19] j8 : yes
[2017-01-25 06:56:27] v gets : thankyou j8!!!!
[2017-01-25 06:56:33] j8 : no problem
[2017-01-25 06:57:22] guacamole : VenCap: funding fee is paid to other people, not bitmex. funding fee depends on difference between spot price and index, it's not always that high
[2017-01-25 06:57:40] VenCap : its a tax on winnings, thats what it is.
[2017-01-25 06:57:58] VenCap : 7% on your margin
[2017-01-25 06:58:03] guacamole : if the price goes up, longs would get both funding fee and profits at the moment
[2017-01-25 06:58:14] VenCap : way too much
[2017-01-25 06:58:26] VenCap : and down, shorters get what?
[2017-01-25 06:58:30] VenCap : 7% taxed
[2017-01-25 06:58:49] j8 : then don't short it
[2017-01-25 06:58:52] guacamole : there's no 7%, i don't know what you're referring to
[2017-01-25 06:58:53] BitMEX_Wally : How do you calculate 7%?
[2017-01-25 06:58:57] VenCap : i would stay and trade hundred of btc here if it was not for this funding tax
[2017-01-25 06:59:25] VenCap : my unrealizes pnl hoovering around 7btc and i get taed .7BTC each time
[2017-01-25 06:59:28] VenCap : so 10%
[2017-01-25 06:59:36] VenCap : of 7btc winning = .7 BTC
[2017-01-25 06:59:43] BitMEX_Wally : It's not calculated as a percentage of your unrealised PNL
[2017-01-25 06:59:52] BitMEX_Wally : It is a percentage of your position value
[2017-01-25 07:00:02] BitMEX_Wally : Independent of leverage and profit
[2017-01-25 07:00:15] j8 : don't worry you can get taxed when you lose too.
[2017-01-25 07:00:29] VenCap : position value.
[2017-01-25 07:00:39] VenCap : where do i see that please Wally
[2017-01-25 07:00:51] VenCap : oh i see it. 288.8043 BTC
[2017-01-25 07:00:53] BitMEX_Wally : Under the 'Value' column on the Open Position tab
[2017-01-25 07:00:58] Papou : LOL
[2017-01-25 07:00:59] Papou : whale
[2017-01-25 07:01:07] VenCap : small fry
[2017-01-25 07:01:24] Papou : bearwhale
[2017-01-25 07:01:27] Papou : 20x traders unite
[2017-01-25 07:01:46] VenCap : x25 crazymanson bearwhale here
[2017-01-25 07:01:56] VenCap : anyhow
[2017-01-25 07:02:00] VenCap : bitcoin jsut gonig sideways
[2017-01-25 07:02:01] Papou : yea thats why dude i dont do big positions on bitmex
[2017-01-25 07:02:06] Papou : if u need to sit in for few days, sucks
[2017-01-25 07:02:09] VenCap : one more dump and its clsoe the laptop time
[2017-01-25 07:02:12] BitMEX_Wally : VenCap: So if you are short then you will pay -0.6584738 XBT of funding in 5 hours
[2017-01-25 07:02:22] Papou : stay low leverage, just catch nice swings
[2017-01-25 07:02:26] Papou : LOL rekt
[2017-01-25 07:02:31] Papou : liquidated by funding
[2017-01-25 07:02:32] Papou : LOL
[2017-01-25 07:02:40] VenCap : at least take me out for dinner and wine first @bitmex
[2017-01-25 07:02:42] idol : BitMEX_Wally: can you make some kind of btc lending system..where we can collect fee to led out btc?
[2017-01-25 07:02:44] VenCap : :OP
[2017-01-25 07:02:53] idol : land*
[2017-01-25 07:02:58] BitMEX_Wally : idol: You can, go long and you will be paid this rate
[2017-01-25 07:03:12] VenCap : yeah Idol go long now.
[2017-01-25 07:03:24] idol : i mean just lend out not trade lol
[2017-01-25 07:03:34] Papou : so theoretically, i can go long for the funding
[2017-01-25 07:03:37] BitMEX_Wally : https://blog.bitmex.com/earning-interest-income-on-xbtusd-with-minimised-risk/
[2017-01-25 07:03:39] Papou : 1 second prior?
[2017-01-25 07:03:58] idol : ven im not sick to go long now just for some fees lol
[2017-01-25 07:04:07] aethlios : bears will wait friday okcoin futures roll over, and start the attack after this.
[2017-01-25 07:04:15] BitMEX_Wally : Papou: Yes, but do not be surprised in the market makers suddenly drop their prices after the funding
[2017-01-25 07:04:27] Papou : wow wally
[2017-01-25 07:04:31] Papou : nice blog
[2017-01-25 07:04:36] Papou : so what exactly is the strategy?
[2017-01-25 07:05:07] BitMEX_Wally : Buy Bitcoin at a spot exchange, move it here, sell the XBTUSD swap and then sit and earn the (positive) funding rate
[2017-01-25 07:05:26] BitMEX_Wally : The same trade as lending out dollars on Bitfinex
[2017-01-25 07:06:16] Papou : when do u close position?
[2017-01-25 07:07:25] Papou : what would be a typical roi with this method, what is the risk, how does one lose?
[2017-01-25 07:08:07] VenCap : where is XBTUSD swap ?
[2017-01-25 07:08:12] Papou : what about the negative funding rate?
[2017-01-25 07:08:39] Papou : so you just sit in the position theoretically and collect funding only when positive
[2017-01-25 07:08:53] Papou : but if btc moves ur liquidated
[2017-01-25 07:09:10] Papou : 100x is madness, im confused where is the low risk
[2017-01-25 07:09:21] BitMEX_Wally : You can do this trade 1x
[2017-01-25 07:09:24] BitMEX_Wally : Then you cannot be liquidated
[2017-01-25 07:09:40] Papou : so your betting the positive funding rate will outpace the negative?
[2017-01-25 07:09:44] BitMEX_Wally : COrrect
[2017-01-25 07:09:54] Papou : what are the statistics?
[2017-01-25 07:09:56] BitMEX_Wally : On average it has been +50% annualised
[2017-01-25 07:10:02] Papou : oh really?
[2017-01-25 07:10:20] Papou : so you dont touch the position, whatever your buy price was is?
[2017-01-25 07:10:37] Papou : in what scenario do you lose? other than negative funding rate outpacing positive?
[2017-01-25 07:10:53] v gets : how do we see the funding rates Wally?
[2017-01-25 07:11:02] Papou : it says it in the contract details on the left
[2017-01-25 07:11:15] Papou : make sure ur on the swap
[2017-01-25 07:11:21] Papou : it should also say it on the top toolbar
[2017-01-25 07:11:26] v gets : ahhh
[2017-01-25 07:11:57] v gets : so shorts always receive funding rate?
[2017-01-25 07:12:08] Papou : no
[2017-01-25 07:12:10] Papou : it varies
[2017-01-25 07:12:18] Papou : depending on the difference from mark and spot?
[2017-01-25 07:12:20] BitMEX_Wally : The rate is paid between long and shorts
[2017-01-25 07:12:28] BitMEX_Wally : If it is positive then longs pay shorts, if negative shorts pay longs
[2017-01-25 07:12:36] Papou : ah so since bitcoin has been overall bullish, the annual roi is good
[2017-01-25 07:12:39] j8 : it was high positive on average when the price was in a bulltrend from 400's. we would need to be just as bullish to have that high positive funding rate
[2017-01-25 07:12:43] BitMEX_Wally : There was an article in the newsletter 'Earning Interest on Synthetic USD' that covered this
[2017-01-25 07:12:59] Papou : wally whats the scenario that you lose?
[2017-01-25 07:13:08] Papou : only negative funding rate outpacing positive?
[2017-01-25 07:13:20] j8 : you lose if we go into sustained downtrend and funding rate is negative on average
[2017-01-25 07:13:23] Papou : would that mean btc would be negative over a 12 month period say?
[2017-01-25 07:13:50] Papou : so would one begin to downsize his position as his balance is chipped away?
[2017-01-25 07:14:18] Papou : like whats the liquidity in this
[2017-01-25 07:14:29] Papou : i cant imagine i put 1 mil usd and collect 50% annual
[2017-01-25 07:14:30] j8 : yes, you could be eventually be liquidated if you pay too much funding
[2017-01-25 07:15:27] BitMEX_Wally : 'The funding rate swings both ways, but since May 2016, XBTUSD longs have paid shorts a total of 34.75%.'
[2017-01-25 07:15:38] BitMEX_Wally : The article isn't on the blog yet, but you can see it here: http://us3.campaign-archive2.com/?u=db45c09bdf20e1866bb32123f&id=6eeefc3a6d&e=9370cad57
[2017-01-25 07:17:34] Papou : what does it mean you cant touch the position ever?
[2017-01-25 07:17:44] Papou : so i can never say just market sell and cease?
[2017-01-25 07:18:09] BitMEX_Wally : Of course you can close out (by buying)
[2017-01-25 07:22:32] Papou : so its say buy 10 btc, then sell 10 btc worth of xbtusd and withdraw overall profit?
[2017-01-25 07:22:47] Papou : then when position is closed, pnl will be just also depending on btc price
[2017-01-25 07:24:30] Papou : so in theory its collect 34% hopefully off initial capital then if i waned to withdraw the initial capital, pray bitcoin was lower than what i shorted ofcourse
[2017-01-25 07:24:44] Papou : is that the concept
[2017-01-25 07:25:53] BitMEX_Wally : Papou: your Bitcoin will be hedged into USD, so it will have the same USD valid at all times
[2017-01-25 07:26:06] BitMEX_Wally : You don't care if Bitcoin goes up or down
[2017-01-25 07:26:13] Papou : ah since i bought bitcoin but shorted at same time
[2017-01-25 07:26:13] Papou : derp
[2017-01-25 07:26:51] Papou : interesting
[2017-01-25 07:27:03] Papou : what exactly is the reasoning that longs have outpaced shorts
[2017-01-25 07:27:12] Papou : that this can probably always be a positive roi
[2017-01-25 07:27:40] Papou : the best way would be to deposit full btc and do 1x though
[2017-01-25 07:27:51] Papou : doing 100x is a guaranteed liquidation over and over
[2017-01-25 07:27:51] v gets : longs have more demand for "borrowing" lots of bitcoin?
[2017-01-25 07:28:14] Papou : interesting
[2017-01-25 07:28:32] Papou : is the 34% since inception of the perpetual swap?
[2017-01-25 07:30:42] Papou : how much money could this theoretically work for?
[2017-01-25 07:30:52] Papou : i cant imagine buy 1 million btc and then short 1 million on bitmex
[2017-01-25 07:31:03] v gets : it says since May 2016, it's been 34% paid to shorts
[2017-01-25 07:31:06] Papou : unless gradual
[2017-01-25 07:31:11] v gets : no idea when swap started
[2017-01-25 07:31:29] j8 : that's when it started
[2017-01-25 07:31:34] v gets : you probably wouldn't want to leave 1 mil in bitmix anyway
[2017-01-25 07:32:18] j8 : the price more than doubled in the period since may 2016
[2017-01-25 07:33:17] Papou : what causes the demand for more longs
[2017-01-25 07:33:21] Papou : what would cause it to change
[2017-01-25 07:33:27] j8 : sentiment
[2017-01-25 07:34:17] j8 : it could just as easily be -34% in the next year
[2017-01-25 07:35:51] Papou : thats what im sayin g
[2017-01-25 07:36:08] Papou : im feeling bearish on btc for the next few months
[2017-01-25 07:39:37] Papou : do you think anyone who does this actively trades the positon as well
[2017-01-25 07:40:04] Papou : rebuying on a decent profit then seeing for a reshort?
[2017-01-25 07:40:24] Papou : wouldnt it make sense to always dot hat
[2017-01-25 07:40:26] Papou : that
[2017-01-25 07:40:34] Papou : btc goes down 2%, close short then reshort
[2017-01-25 07:40:37] Papou : ?
[2017-01-25 07:41:04] j8 : well if you can reshort higher than you closed, great
[2017-01-25 07:41:17] Papou : ah you would have to der
[2017-01-25 07:41:25] Papou : since your usd hedged
[2017-01-25 07:41:41] enki0182 : BitMEX_Wally: sorry to interupt - where can i find the maker/taker fee rates?
[2017-01-25 07:41:55] dodic : https://www.bitmex.com/app/fees
[2017-01-25 07:42:03] enki0182 : ty @dodic
[2017-01-25 07:53:12] javierstone : http://bitcoinist.com/regulations-exchanges-economic-crimes/
[2017-01-25 07:53:14] micmix : j8: also the cap was higher for most of the period in question, so average would be lower with current cap
[2017-01-25 07:53:32] j8 : yeah thats true
[2017-01-25 07:55:30] micmix : funding was higher/lower than current cap for 19 periods if I did the query correctly
[2017-01-25 07:55:59] Apocalyptic : I remember seeing a 3% funding rate
[2017-01-25 07:56:24] Apocalyptic : that 10% daily must have felt a gift
[2017-01-25 07:58:52] micmix : I think the cap was 1.125% on swap
[2017-01-25 07:59:17] j8 : yeah that sounds right.. it was over 3% a day for a couple days
[2017-01-25 08:00:06] Papou : haha imagine
[2017-01-25 08:00:20] micmix : yes, the cap for 50x is 1.125% so 3.375% daily
[2017-01-25 08:00:54] arbitrage101 : should remove artificial cap
[2017-01-25 08:00:57] Apocalyptic : micmix: your figures sounds more reasonable
[2017-01-25 08:02:00] arbitrage101 : reduce leverage to 25x
[2017-01-25 08:02:05] j8 : the irony is that since we know it's capped, we hit the cap more easily
[2017-01-25 08:02:07] micmix : yes, Jun 16-17 we had 0.8204%, 0.9534%, 1.1250%, 0.7500%, 0.7130%, 0.6060%
[2017-01-25 08:04:17] Noobz : Morning Peepz
[2017-01-25 08:04:25] arbitrage101 : morning
[2017-01-25 08:04:34] arbitrage101 : almost evening here
[2017-01-25 08:04:58] Noobz : yesterdays evening or todays evening? lol
[2017-01-25 08:05:21] arbitrage101 : Jan 25th 4:05pm here
[2017-01-25 08:05:41] Noobz : cool good evening then
[2017-01-25 08:06:18] arbitrage101 : chinese new year is close
[2017-01-25 08:06:37] arbitrage101 : expect btc make suprising move after or during new year
[2017-01-25 08:08:17] j8 : no deposits, no leverage, and no liquidity
[2017-01-25 08:08:35] arbitrage101 : j8: yeah, think betting price to go down is a good move
[2017-01-25 08:08:49] arbitrage101 : doesnt take much to scare all the traders
[2017-01-25 08:09:09] j8 : it is, but it's getting to be a crowded trade
[2017-01-25 08:09:14] Apocalyptic : swap $3 above index, that's new
[2017-01-25 08:20:09] Derreck : looks like China makes like 55-60% of the current volume
[2017-01-25 08:20:20] Derreck : down from these fake 98%
[2017-01-25 08:24:44] bingbongfly : wierd bot on etc7d
[2017-01-25 08:24:55] bingbongfly : will will any order at 1520 and above
[2017-01-25 08:25:01] bingbongfly : fill
[2017-01-25 08:47:10] aethlios : sell off postponed for friday futures expiration.
[2017-01-25 08:48:39] Papou : yep
[2017-01-25 08:48:51] Papou : which is the day before the new years
[2017-01-25 08:48:53] Papou : chinese new years
[2017-01-25 08:49:37] Papou : https://cdn-enterprise.discourse.org/zcash/uploads/default/original/2X/7/74b5208bb5823d309633da3c4bb2b41c31f9f54f.jpg
[2017-01-25 08:50:21] Papou : china always wants to defeat the west
[2017-01-25 08:50:31] Papou : what best way than to drain money from them
[2017-01-25 08:50:58] Papou : bitcoin news articles are all paid shilling....no different than normal media...all shills for the normal markets
[2017-01-25 08:52:32] Papou : exit pump by china by insiders, release fud knews as an excuse for the dump, murder the bulls of the west
[2017-01-25 08:52:34] Papou : rinse and repeat
[2017-01-25 08:54:00] Papou : short until 840, long until 880 then short until 740-550, anywhere there is fair game
[2017-01-25 08:54:09] Papou : thats the best plays right now, all tops and bottoms
[2017-01-25 08:55:31] Papou : bulls are currently trapped, will get squeezed into chinese longs at 840
[2017-01-25 08:55:46] Papou : 2nd round bull trap at 880 to destroy morale
[2017-01-25 08:55:52] Papou : consolidation 550+
[2017-01-25 09:02:46] aethlios : gold silver bitcoin agricultural land usd cash the assets to hold for next years, no financial assets, no stocks, bank deposits.
[2017-01-25 09:17:21] REKT : Liquidated short on `XBTUSD`: buy 300 @ 897.89
[2017-01-25 09:33:01] REKT : Liquidated long on `XBTH17`: sell 690 @ 874.52
[2017-01-25 09:39:31] REKT : Liquidated long on `ETC7D`: sell 400 @ 0.001499
[2017-01-25 09:40:51] aethlios : traders ALARM
[2017-01-25 09:41:27] MikeHunt : still worth going h17?
[2017-01-25 09:42:26] aethlios : pboc update says tradingview chat
[2017-01-25 09:43:18] wurstgelee : pboc update=more investigations, right?
[2017-01-25 09:43:25] bingbongfly : wurstgelee: there is no update
[2017-01-25 09:43:29] wurstgelee : according to google translator
[2017-01-25 09:43:29] wurstgelee : ;)