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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[2017-01-27 08:01:30] YOLOCOIN : just did
[2017-01-27 08:01:40] YOLOCOIN : ok coin also settled
[2017-01-27 08:01:46] VenCap : right on the money then....
[2017-01-27 08:01:53] VenCap : FreeBitcoins: could be a good call right there
[2017-01-27 08:01:58] YOLOCOIN : yep
[2017-01-27 08:02:05] FreeBitcoins : Its pretty simple. Its this or that. I just weigh the risk or breaking upwards vs downwards and set a stop past any nasty wicks.
[2017-01-27 08:02:23] FreeBitcoins : Thats why its FreeBitcoins
[2017-01-27 08:02:50] YOLOCOIN : this joint is over
[2017-01-27 08:03:57] YOLOCOIN : put in a small short at 917
[2017-01-27 08:04:02] YOLOCOIN : should have put more
[2017-01-27 08:06:05] Putin : Get out while you can
[2017-01-27 08:06:49] VenCap : they wont dump it on new years day
[2017-01-27 08:06:56] VenCap : thats the worst luck ever for rest of year
[2017-01-27 08:07:01] rapidgains : good luck with the shorts
[2017-01-27 08:08:56] FreeBitcoins : VenCap: lol could be a year bear market then
[2017-01-27 08:09:19] VenCap : FreeBitcoins: which would suck.
[2017-01-27 08:09:46] FreeBitcoins : VenCap: yeah i guess it would
[2017-01-27 08:09:53] MikeHunt : bear til we are near new mean
[2017-01-27 08:10:06] MikeHunt : http://i.imgur.com/1tvTYYe.png
[2017-01-27 08:16:00] Noobz : morning peepz
[2017-01-27 08:22:45] Noobz : Now that everything is settled another day of sideways?
[2017-01-27 08:23:26] MikeHunt : Noobz: my guess is the bulls will continue to try and prop this up
[2017-01-27 08:23:49] MikeHunt : but inevitably fail
[2017-01-27 08:25:50] Noobz : Lets hope they give a little more actions that 1 or 2 % fluctuations
[2017-01-27 08:49:50] enki0182 : MikeHunt: you may be right
[2017-01-27 08:56:48] Putin : To the moon we go ;)
[2017-01-27 09:35:38] cryptobull : close your shorts...
[2017-01-27 09:40:43] wurstgelee : no, open more oO
[2017-01-27 09:40:50] wurstgelee : i have orders to be filled
[2017-01-27 09:40:57] micmix : or open bigger shorts, futures are in backwardation again...
[2017-01-27 09:44:22] FreeBitcoins : bit of chop until we can shape the next 4hr
[2017-01-27 09:48:59] arbitrage101 : getting expensive to short bitcoin
[2017-01-27 09:52:35] BTC-Noob : is that a dump incoming or should i long
[2017-01-27 09:53:14] cryptobull : "[10:35] cryptobull: close your shorts..."
[2017-01-27 09:53:23] cryptobull : 920+?
[2017-01-27 09:53:27] rapidgains : cryptobull
[2017-01-27 09:53:28] rapidgains : my nikka
[2017-01-27 09:53:48] arbitrage101 : rapidgains: what happen to rapidtrades
[2017-01-27 09:54:13] rapidgains : prob got rekt
[2017-01-27 10:13:28] Waverider83 : hi
[2017-01-27 10:13:41] Waverider83 : how to install nodejs npm package for bitmex realtime?
[2017-01-27 10:14:31] Waverider83 : https://github.com/BitMEX/api-connectors/tree/master/official-ws/nodejs
[2017-01-27 10:20:06] rapidgains : who was the guy talking about strat in here a few days ago?
[2017-01-27 10:20:22] bingbongfly : lets dump etc before settlement
[2017-01-27 10:27:38] abz : Chinese New Year is coming, expect wild moves http://zentrade.online/bitcoinusd-price-action-analysis-bitmex-perpetual-swap-xbtusd-update-20170127/
[2017-01-27 10:46:56] BitMEX_Wally : Waverider83: You need to install node: https://nodejs.org/en/download/
[2017-01-27 11:03:54] sciack : it is already CNY
[2017-01-27 11:08:29] abz : sciack: Ha-ha!
[2017-01-27 11:09:17] abz : sciack: dumping bots can get out of control
[2017-01-27 11:11:14] moo : lol shill is trying to get his sell sell orders filled
[2017-01-27 11:11:14] sciack : what?
[2017-01-27 11:11:22] sciack : I am long idiots
[2017-01-27 11:11:30] -_- : sweet mother of china
[2017-01-27 11:11:51] -_- : time to short and come back in a week
[2017-01-27 11:15:20] FreeBitcoins : set stops in the 960s and ride this bitch into the 60s
[2017-01-27 11:15:25] abz : BTCCNY/USDCNH spread is shrinking for the 3-rd day in the row. Yuan is returning back home.
[2017-01-27 11:15:32] FreeBitcoins : *600s
[2017-01-27 11:40:07] Khilone : When do withdraws of bitcoin happen on Bitmex?
[2017-01-27 11:40:49] lockhedge : in 79 minutes
[2017-01-27 11:41:12] Khilone : Awesome. Thanks.
[2017-01-27 11:44:36] aethlios : will the bear army attack on weekend? let's wait and see.
[2017-01-27 11:59:50] RocketScience : settlement finally
[2017-01-27 12:01:27] RocketScience : how long does it take for market maker to recalibrate
[2017-01-27 12:03:40] RocketScience : 20% spreads.....
[2017-01-27 12:04:14] PARAFFIN : Soon lift up
[2017-01-27 12:04:19] PARAFFIN : Rocket boy
[2017-01-27 12:04:22] PARAFFIN : =)
[2017-01-27 12:04:35] PARAFFIN : lift off*
[2017-01-27 12:05:02] RocketScience : in btc?
[2017-01-27 12:05:14] PARAFFIN : Yes
[2017-01-27 12:06:08] PARAFFIN : and this is not ariane5
[2017-01-27 12:08:37] PARAFFIN : buy the bottom
[2017-01-27 12:30:55] abz : According to Arthur Hayes Co-Founder & CEO, BitMEX selling pressure will continue until mid-February, if...
[2017-01-27 12:31:32] abz : one of these three following black swan events transpire before the expiry of March 2017 futures
[2017-01-27 12:31:51] abz : 1. The PBOC aggressively devalues the Yuan
[2017-01-27 12:32:07] abz : 2. Marine Le Pineapple Pen is polling well in French elections
[2017-01-27 12:32:24] abz : 3. Trump passes a massive infrastructure spending bill
[2017-01-27 12:32:52] abz : source: BitMEX Crypto Trader Digest Jan 27, 2017
[2017-01-27 12:34:24] aethlios : 1200 btc bid maech okcoin
[2017-01-27 12:34:47] rapidgains : good thing bitmex is a follower exchange!
[2017-01-27 12:46:51] aethlios : rapidgains: changes account??
[2017-01-27 12:52:05] Derreck : 8888 after the New Year
[2017-01-27 13:00:34] yungyang : Why does yuan devaluation create selling pressure for btc?
[2017-01-27 13:01:03] yungyang : Selling to dollars?
[2017-01-27 13:10:01] herpinator : more than 2x the selling pressure than buy in the same 17 dollar range
[2017-01-27 13:13:35] abz : yungyang: selling pressure is because " fund-operators must undertake when they pay back investors"
[2017-01-27 13:14:01] REKT : Liquidated short on `XBTH17`: buy 1 @ 911.55 :punch: :whale:
[2017-01-27 13:14:02] REKT : Liquidated short on `XBTH17`: buy 20000 @ 911.57
[2017-01-27 13:15:15] Derreck : 0kcoin flirting with 6400 again
[2017-01-27 13:15:50] rapidgains : rip quarter shorts
[2017-01-27 13:16:00] rapidgains : $10 discount gone
[2017-01-27 13:17:43] Sultan Pepper : Rekt: lol
[2017-01-27 13:31:04] VenCap : Hello guys. i am back for Moar.
[2017-01-27 13:31:11] VenCap : Feeling lucky, like Golden Rooster
[2017-01-27 13:31:15] VenCap : :rooster:
[2017-01-27 13:33:00] birdie numn : VenCap: but how when market goes sideways?
[2017-01-27 13:33:31] VenCap : i suspect $920 will be breached here today. looks like they are trying to hit $950 over weekend
[2017-01-27 13:35:23] sleger : "we" ?
[2017-01-27 13:35:31] sleger : "they" ?
[2017-01-27 13:36:03] VenCap : sleger: yes... the people who know.
[2017-01-27 13:36:07] VenCap : :wink:
[2017-01-27 13:36:14] sleger : ohhhhhh these people
[2017-01-27 13:36:29] sleger : you watch too much TV
[2017-01-27 13:39:21] VenCap : sleger: i watch very little tv, thanks to staring at charts and exchanges all day
[2017-01-27 13:41:11] yueyi2017 : <reflink banned>
[2017-01-27 13:46:35] sleger : yueyi2017: what is that ?
[2017-01-27 13:46:46] sleger : BAN
[2017-01-27 13:47:09] yueyi2017 : this is okcoin link , but band by system
[2017-01-27 13:48:01] sleger : this is your personal invite link you mean ?
[2017-01-27 13:48:09] chromaticcr1 : No ads here | 別打小广告
[2017-01-27 13:48:17] sleger : yueyi2017: BAN THIS IDIOT
[2017-01-27 13:48:21] rapidgains : pls
[2017-01-27 13:48:27] yueyi2017 : sleger: yes
[2017-01-27 13:48:38] sleger : even he is ok with being banned ^
[2017-01-27 13:51:27] Noobz : Lol
[2017-01-27 13:57:31] REKT : Liquidated long on `FCT7D`: sell 2 @ 0.003550
[2017-01-27 14:09:20] BTC-Noob : reks incoming in 3 , 2 , 1
[2017-01-27 14:31:41] charlyko : hi mates. how are u doing today!
[2017-01-27 14:31:57] charlyko : I´m still holding my long 4 days now
[2017-01-27 14:34:26] herpinator : don't forget to pay yourself and take profits
[2017-01-27 14:36:51] charlyko : yeah
[2017-01-27 14:41:59] Apocalyptic : haven't seen volatility this low since a long time
[2017-01-27 14:46:00] Tux26 : Apocalyptic: https://btcvol.info/
[2017-01-27 14:46:02] BitMEX_Sam : Yep, it's pretty stale today.
[2017-01-27 14:46:19] BitMEX_Sam : See also https://www.bitmex.com/app/index/.BVOL24H
[2017-01-27 14:46:21] Tux26 : It was way lower (about 1%) before the >$1000 pump
[2017-01-27 14:46:45] ronensinger : My bots are a disaster today
[2017-01-27 14:46:53] BitMEX_Sam : True. .BVOL (https://www.bitmex.com/app/index/.BVOL) is still ticking high due to the massive movements around the 5th
[2017-01-27 15:11:41] Vijuu : Sellers get profit now
[2017-01-27 15:12:52] Vijuu : China anytime destroy btc huge selling of second round coming tomorrow
[2017-01-27 15:35:04] cryptokeeper : lol
[2017-01-27 15:36:41] abbey : looking good
[2017-01-27 15:37:27] cryptokeeper : we are going up up up today
[2017-01-27 15:37:31] cryptokeeper : 930-940-950
[2017-01-27 15:37:43] cryptokeeper : buy now or cry later
[2017-01-27 15:38:25] atodorov07 : https://www.youtube.com/watch?v=eghqSAD3dXw
[2017-01-27 15:40:21] Noobz : lots of fomo or what?
[2017-01-27 15:40:31] REKT : Liquidated short on `XBTUSD`: buy 1000 @ 919.65
[2017-01-27 15:40:31] REKT : Liquidated short on `XBTUSD`: buy 6700 @ 919.80
[2017-01-27 15:40:57] rapidgains : this is sad, stamp has led last two pumps, what has bitcoin trading become
[2017-01-27 15:41:01] REKT : Liquidated short on `XBTUSD`: buy 2000 @ 920.54
[2017-01-27 15:41:01] REKT : Liquidated short on `XBTUSD`: buy 1353 @ 920.51
[2017-01-27 15:41:35] abbey : rapidgains: fun
[2017-01-27 15:41:59] cryptokeeper : liquidate all those shorts
[2017-01-27 15:44:00] aethlios : okcoin below 10 million usd value of volume, market has no leader exchange now. like a boat with broken engine in the middle of the ocean.
[2017-01-27 15:46:28] BitMEX_Sam : Clearly pascalcoin is our new leader
[2017-01-27 15:46:54] BitMEX_Sam : The boat has no rudder but it's filled with nerf guns
[2017-01-27 15:47:22] wurstgelee : BitMEX_Sam: no rudder but 4 hp engines
[2017-01-27 15:47:26] wurstgelee : and its made from lead
[2017-01-27 15:50:35] Sultan Pepper : Dojis of uncertainty
[2017-01-27 15:52:50] jzayy : WTF I opened a short on ETC last night and it isn't showing up now
[2017-01-27 15:53:12] jzayy : Says I sold short and no record of me buying any back
[2017-01-27 15:53:20] Teddy76 : jzayy: settled
[2017-01-27 15:53:28] jzayy : damn
[2017-01-27 16:10:19] arbitrage101 : new year now yo
[2017-01-27 16:10:31] arbitrage101 : price to 1000 soon
[2017-01-27 16:11:46] Shaman : happy new year
[2017-01-27 16:31:46] espadon : is there a simulator in bitmex ?
[2017-01-27 16:32:17] RocketScience : bitmex test
[2017-01-27 16:32:24] RocketScience : google it
[2017-01-27 16:32:59] RocketScience : testnet
[2017-01-27 16:33:00] AudibleScience : BitMEX_Sam: hey Sam are you still here?
[2017-01-27 16:44:10] yungyang : DUUUUUUUUUMMMPPPPPPP
[2017-01-27 16:52:48] FreeBitcoins : wasnt it supposed to go straight to 940?
[2017-01-27 16:54:26] airitout : so, a 1000 by end of February?
[2017-01-27 16:54:31] airitout : or not?
[2017-01-27 16:54:46] FreeBitcoins : shes gonna shit the bed
[2017-01-27 16:55:32] FreeBitcoins : I was expecting a 921 wick on the 4hr but will be surprised if it charges for 940 after the rejection
[2017-01-27 17:01:22] Sultan Pepper : Testnet.bitmex I think
[2017-01-27 17:30:41] BitMEX_Greg : AudibleScience: I'm here, whats up
[2017-01-27 17:31:01] BitMEX_Greg : espadon: testnet.bitmex.com
[2017-01-27 17:42:05] Sultan Pepper : ?????<crickets
[2017-01-27 17:52:13] Chewie : coming up to a good buy soon
[2017-01-27 17:53:35] Sultan Pepper : Where you lookin to buy in?
[2017-01-27 17:56:29] Sultan Pepper : Chewie
[2017-01-27 17:57:50] Yuppie : Sultan Pepper: pretty much sums it up
[2017-01-27 17:58:18] Sultan Pepper : You think this is the bottom?
[2017-01-27 17:58:23] Yuppie : mood / sentiment here seems to be neutral now
[2017-01-27 18:00:01] Yuppie : Tough future still at a discount
[2017-01-27 18:03:41] Yuppie : Alts again with high volumes today
[2017-01-27 18:07:49] charlyko : down we go
[2017-01-27 18:10:44] MikeHunt : trend is down
[2017-01-27 18:10:51] MikeHunt : bulls will fight until they cant afford to prop it up more
[2017-01-27 18:11:01] MikeHunt : either that or a gradual decline to new mean
[2017-01-27 18:20:40] sleger : unzoom dummy
[2017-01-27 18:20:59] sleger : or maybe screen is upside down ?
[2017-01-27 18:23:07] llugo : it would still go up then
[2017-01-27 18:25:07] AudibleScience : BitMEX_Greg: are you still there?
[2017-01-27 18:26:29] llugo : bears are winter sleeping
[2017-01-27 18:29:58] BitMEX_Greg : AudibleScience: Yo
[2017-01-27 18:30:18] AudibleScience : yo
[2017-01-27 18:30:55] AudibleScience : I'm still trying to work out how to use the api
[2017-01-27 18:31:52] MikeHunt : sleger: which time interval?
[2017-01-27 18:32:41] BitMEX_Greg : AudibleScience: What are you trying to work out
[2017-01-27 18:33:20] AudibleScience : BitMEX_Greg: can you tell me what format the "start" field needs please?
[2017-01-27 18:35:50] AudibleScience : BitMEX_Greg: If I put this into google spreadsheets: =IMPORTDATA("https://www.bitmex.com/api/v1/trade?symbol=XBT24H&count=500&reverse=false")
[2017-01-27 18:36:20] AudibleScience : It only pulls 1 record...
[2017-01-27 18:36:27] BitMEX_Greg : We delisted XBT24H a while back
[2017-01-27 18:36:50] AudibleScience : yeah I know
[2017-01-27 18:37:06] AudibleScience : but the trades data is still there right?
[2017-01-27 18:37:31] AudibleScience : so how do I specify a date range?
[2017-01-27 18:38:06] AudibleScience : here: https://www.bitmex.com/api/explorer/#!/Trade/Trade_get
[2017-01-27 18:38:41] BitMEX_Greg : I'm not 100% sure, may need to ask Sam when he is on, but try in format: `2016-05-13T12:00:00.000Z`
[2017-01-27 18:42:04] AudibleScience : BitMEX_Greg: I get a "'start' must be a number." error message
[2017-01-27 18:42:47] BitMEX_Sam : AudibleScience: https://www.bitmex.com/api/v1/trade?symbol=.XBT&count=500&reverse=false&filter={%22startTime%22:%20%222015-01-01%22}
[2017-01-27 18:43:07] BitMEX_Sam : The `XBT24H` data is archived, but the `.XBT` index is not; I assume you're looking for historical XBT prices
[2017-01-27 18:44:40] AudibleScience : oh is the XBT24H data not there anymore then?
[2017-01-27 18:44:42] BitMEX_Sam : See https://www.bitmex.com/app/restAPI#Timestamp-Filters for timestamp filters
[2017-01-27 18:44:56] BitMEX_Sam : No; we could pull it from archives if needed
[2017-01-27 18:46:29] BitMEX_Sam : Try https://www.bitmex.com/api/v1/trade?symbol=.XBT30M&count=500&filter={%22timestamp.year%22:%20%222016%22}&columns=price&_format=csv for nice csv output
[2017-01-27 19:24:33] abbey : weee
[2017-01-27 19:46:11] Ugly_Old_Goat : Cause it expired this morning
[2017-01-27 19:46:25] Ugly_Old_Goat : Good Morning Ladies
[2017-01-27 19:46:42] Ugly_Old_Goat : Or Good Afternoon
[2017-01-27 19:51:31] Ugly_Old_Goat : MikeHunt: By what measure is trend down? Bull market from 200 to almost 1200, Selloff for Johny come latellies Selloff to support and trendup every since with tremendous inverse arb
[2017-01-27 19:53:38] Ugly_Old_Goat : I hope we do go down but very unlikely. Meanwhile the shorts keep paying me for long positions I purchase under 780. Who is squeezed? Not longs who sold over 1000 and buying now
[2017-01-27 19:55:01] Ugly_Old_Goat : In order to go up we had to take out the weak hands which is mission complete
[2017-01-27 19:56:44] Ugly_Old_Goat : The question is did you sell out over 1000 and buy back under 800? Or did you buy over 1000 and sellout under 800. Most of the selling here was forced by margin liquidation
[2017-01-27 19:58:45] Ugly_Old_Goat : I was traveling and even got blown out at 750 and had to repurchase at 765. Thought I have plenty to cover but with btc you never know. Fortuately I was also able to double up at 735
[2017-01-27 20:00:23] Ugly_Old_Goat : Only started to be a light seller above 910 but not expecting any major drop. That has already happened and is simply wishful thinking by those who missed this dip.
[2017-01-27 20:03:07] Ugly_Old_Goat : It is possible this is a double top, but fundamentals do not support that idea. Consolidation with major leg up is most likely scenario . Weak hands will get blown out again and scared money are afraid to buy Mch which remains at a major discount and should be 20-30 over spot.
[2017-01-27 20:04:26] RocketScience : lol
[2017-01-27 20:05:15] Ugly_Old_Goat : Bitcoin is only legitimate blockchain and alts have proven this time and again. Anyway good luck, But selling into this has been a very bad idea and nothing has changed.
[2017-01-27 20:06:50] MikeHunt : Ugly_Old_Goat: simply because the china pump is dead
[2017-01-27 20:06:54] Ugly_Old_Goat : Well, only thing has changed as the market goes up you are paying less for holding perp. But the rise has more than made up for it. My average keeps going down
[2017-01-27 20:07:00] Yuppie : troll bears disappeared here though...I'd call it a neutral sentiment at the moment
[2017-01-27 20:08:57] MikeHunt : also china bank holidays this week
[2017-01-27 20:09:04] MikeHunt : so no more new cash flow even from capital flight
[2017-01-27 20:09:10] MikeHunt : same applies to bitfinex
[2017-01-27 20:09:17] Ugly_Old_Goat : The china pump only contribute to over speculation. There were all kinds of signals to dump longs. Especially here when March exploded to 150+ over perp. Sellers made a killing, but that is history. We have a reset , but value remains excllent
[2017-01-27 20:10:07] MikeHunt : Ugly_Old_Goat: exactly, so no more overspeculation = new mean
[2017-01-27 20:10:39] MikeHunt : http://i.imgur.com/1tvTYYe.png
[2017-01-27 20:10:51] MikeHunt : correction towards new mean then continue upwards
[2017-01-27 20:11:33] Ugly_Old_Goat : I did not short the highs but dumped all my spec longs over 1140 . I started buing at 876 and added all the way down to 735. The next leg should be up and it should be massive. And we will do same song and dance all over again
[2017-01-27 20:12:21] MikeHunt : Ugly_Old_Goat: we lost pump volume ~13th jan
[2017-01-27 20:12:32] MikeHunt : means data before/after are different
[2017-01-27 20:12:32] Yuppie : Agree, If we go up it should be fast...even on low volumes
[2017-01-27 20:12:47] Ugly_Old_Goat : Yes, but the smart money was selling over 1100 and buying under 800 so where do you think the market is heading?
[2017-01-27 20:12:56] MikeHunt : Yuppie: where is that volume going to come from? week of bank holidays in china
[2017-01-27 20:14:41] Yuppie : Japan perhaps? Rest of the world? It doesn't matter how many buyers and sellers you have just who is more eager to buy or sell
[2017-01-27 20:16:06] Ugly_Old_Goat : You give way too much credence to the Chinese and non-existant volume. If you bot into the fake volume then you were also one of the many buyers over 1100
[2017-01-27 20:16:28] MikeHunt : Yuppie: we'll see i guess, if japan can take chinas shoes
[2017-01-27 20:16:33] Ugly_Old_Goat : The volume was fake as the exchanges now admit
[2017-01-27 20:16:51] MikeHunt : Ugly_Old_Goat: im talking about margin trading
[2017-01-27 20:16:54] Ugly_Old_Goat : No one needs to take any ones shoes
[2017-01-27 20:17:22] MikeHunt : also not all volume is fake
[2017-01-27 20:17:33] MikeHunt : no fees = less risk when trading
[2017-01-27 20:17:40] Ugly_Old_Goat : Your chart is based on faked data which you apparently still beliive
[2017-01-27 20:17:54] MikeHunt : how do you know which chart i am using?
[2017-01-27 20:17:57] MikeHunt : what data is on it?
[2017-01-27 20:18:37] Yuppie : I think we saw some miner hedging at okcoin in the futures the last days; my only explaination for the massive discount
[2017-01-27 20:19:21] sleger : no its because there is one account (likely short) with a position of 370k
[2017-01-27 20:19:50] Yuppie : I think this is a downside risk, persistant pressure on futures; hedging volume now matters mire with spot vols diwn 95%
[2017-01-27 20:20:14] sleger : no
[2017-01-27 20:30:23] Ugly_Old_Goat : MikeHunt: Your data says China pump mean and no China pump mean and then you draw arbitrary lines. Its nonsense. This is the nonsense you posted http://i.imgur.com/1tvTYYe.png
[2017-01-27 20:31:27] MikeHunt : Ugly_Old_Goat: perhaps you have difficulty understanding some things :)
[2017-01-27 20:31:38] Ugly_Old_Goat : The volume was fake. The market rose of the faked volume. With no fees I can both buy and sell and the same price and fake the market up or down
[2017-01-27 20:32:20] Ugly_Old_Goat : Yes, I do not comprehend nonsense and I mock foolishness
[2017-01-27 20:32:28] MikeHunt : Ugly_Old_Goat: if you say so
[2017-01-27 20:35:22] Ugly_Old_Goat : I have said the before and I will say it again. This derivative market is the best run market anywhere. It is structured properly. It charges fees but pays market makers.
[2017-01-27 20:37:00] Ugly_Old_Goat : It offers insane margin requirements but that is the draw for foolish get rich quick traders. So it attracts volume for the wise and the fooilish
[2017-01-27 20:37:44] Ugly_Old_Goat : It also has a mechanism to absorb the losses generated by the fools at the expense of the wise.
[2017-01-27 20:39:56] Ugly_Old_Goat : Again, the developers know what they are doing. And is an extremely useful hedging tool.
[2017-01-27 20:42:04] Ugly_Old_Goat : But you want to succeed you need to maintain 4-5 times what is need for cross margin, especially for the situations like we had this month when everything got out of whack on the upside and then on the downside
[2017-01-27 20:52:03] Ugly_Old_Goat : If you trade here with less, well funded traders will eventually take all you have. So while I welcome underfunded speculators I do my best to teach them that this is a very bad practice. You can listen and learn the easy way or you can persist and learn the hard way.
[2017-01-27 20:53:33] Ugly_Old_Goat : This is the same advice I give to all my children. I always give them enough liberty to hang themselves and when they hang themselvesI give one final jerk to make sure they learn the lesson.
[2017-01-27 20:53:51] Ugly_Old_Goat : So if you want to call me a jerk you are right on target
[2017-01-27 20:54:31] abbey : you hear that mike?
[2017-01-27 20:55:57] abbey : papou?
[2017-01-27 21:05:30] Ugly_Old_Goat : As far as trading advice. I do not make phony recommendations. I let all know when I sell and buy. I sold our here over 1000 as soon as I paid over 1btc just for the privilegie to be long. I kept my long elsehere but dumped them at ocwe 1130,
[2017-01-27 21:07:33] Ugly_Old_Goat : My view is that I can give the best advice in the world but few will listen. Plus tactics (where to buy and sell) is secondary to money management. You can be the worst trader in the world (as sometimes I am) and still come out ahead if you know how to manage you funds but that is another story for another day.
[2017-01-27 21:08:32] Ugly_Old_Goat : Enough for now. I remain your Ugly Old Goat who loves being a jerk for your own well being.
[2017-01-27 21:12:54] BitFan : Ugly_Old_Goat: please go on it's very boring otherwise
[2017-01-27 21:13:37] FreeBitcoins : my CNY alerts just woke me
[2017-01-27 21:13:54] FreeBitcoins : oh look, a fucking oracle
[2017-01-27 21:15:46] Ugly_Old_Goat : No I am done. They censor me if I start talking abut my personal problems. I get censored (not banned) when I mention it is a time for a Depends change
[2017-01-27 21:16:50] BitFan : you can stick to btc trading
[2017-01-27 21:21:46] FreeBitcoins : I got up for the cny sell off. Had it scheduled in and couldn't miss it
[2017-01-27 21:22:04] BitFan : so was it worth?
[2017-01-27 21:22:26] FreeBitcoins : bloody oath
[2017-01-27 21:22:42] JuriFX : market not moving :(
[2017-01-27 21:22:49] BitFan : falling asleep
[2017-01-27 21:23:05] JuriFX : come on choyna come back
[2017-01-27 21:24:21] BitFan : any interesting theory on next market moves?
[2017-01-27 21:25:31] FreeBitcoins : BitFan: by 7 days we will see 4000 cny
[2017-01-27 21:27:55] FreeBitcoins : back to sleep.... zzzz
[2017-01-27 21:28:08] BitFan : almost
[2017-01-27 21:28:19] BitFan : so boring tonight
[2017-01-27 21:28:56] BitFan : even miketrump left
[2017-01-27 21:29:08] FreeBitcoins : pretty sure will wake to some action to kick off the day
[2017-01-27 21:29:38] BitFan : what timezone are you ?
[2017-01-27 21:29:42] lockhedge : perpetual swap on BitMEX is now more liquid than any Chinese spot market. CNY price is not important anymore, price discovery is now on us ;)
[2017-01-27 21:29:48] JuriFX : want to go long but no movement to fill my limit orders mhhh
[2017-01-27 21:30:52] BitFan : JuriFX: I guess you don't want to see 4000 cny
[2017-01-27 21:31:11] JuriFX : no I'm vers hort term trading 5m chart
[2017-01-27 21:31:26] JuriFX : then it can go down as much as it wants+
[2017-01-27 21:31:34] FreeBitcoins : BitFan: dark side of the moon +MT 1000
[2017-01-27 21:32:10] FreeBitcoins : throw a fat bid on 916 you will get filled
[2017-01-27 21:33:29] BitFan : is it day or night in the moon? @FreeBitcoins
[2017-01-27 21:34:20] FreeBitcoins : BitFan: dark side so I guess its night
[2017-01-27 21:35:08] JuriFX : last trade was 33 min ago, see you when market moves again, take care, market is dead right now
[2017-01-27 21:35:32] BitFan : i'm leaving too
[2017-01-27 21:35:34] MikeHunt : i think it will drift outside the rising wedge
[2017-01-27 21:35:35] MikeHunt : then plop
[2017-01-27 21:36:31] BitFan : down to 4k cny?
[2017-01-27 21:37:14] sleger : mikehunt is very famous for predicting a price of 400
[2017-01-27 21:37:19] sleger : or 80k, it depends
[2017-01-27 21:37:52] MikeHunt : 80k cny*
[2017-01-27 21:37:54] BitFan : what's the prediction today?
[2017-01-27 21:38:43] MikeHunt : BitFan: let me check... https://www.youtube.com/watch?v=FkNRzIVish8&t=1m49s
[2017-01-27 21:40:06] rapidtrades : constant fee rape for shorts as price goes up
[2017-01-27 21:40:14] rapidtrades : and its not rigged?
[2017-01-27 21:40:26] rapidtrades : im so close to just market closing this bulshit
[2017-01-27 21:40:50] rapidtrades : my liq moved down by almost $30 due to this crap
[2017-01-27 21:40:56] rapidtrades : f*cking rigged
[2017-01-27 21:41:14] MikeHunt : BitFan: by noon tomoz if it stays flat then dump incoming maybe
[2017-01-27 21:41:14] arbitrage101 : there are cheaper place to short
[2017-01-27 21:41:44] arbitrage101 : risk of trading here is that really that much difference than trading at elsewhere
[2017-01-27 21:41:50] rapidtrades : Us regulators will step in next, then HK or whatever these fly-by-night operations are based
[2017-01-27 21:42:10] arbitrage101 : not that much difference i mean
[2017-01-27 21:42:17] rapidtrades : it's being manipulated
[2017-01-27 21:42:35] arbitrage101 : how do you define manipulation
[2017-01-27 21:42:39] rapidtrades : it's being manipulated
[2017-01-27 21:42:44] MikeHunt : its obvious
[2017-01-27 21:42:53] arbitrage101 : you can buy and sell easily on other exchanges
[2017-01-27 21:43:07] MikeHunt : someone sells 20BTC then a bot buys a few at a higher price to keep it up
[2017-01-27 21:43:12] rapidtrades : I wouldn't mind paying a fee if price was moving in my favor but this is clear bullshit
[2017-01-27 21:43:32] rapidtrades : defective product
[2017-01-27 21:43:42] BitFan : price is not moving at all
[2017-01-27 21:44:12] rapidtrades : sry shit connection seems to be sending duplicated messages
[2017-01-27 21:44:32] MikeHunt : apparently a lot of traders are moving to other assets to trade cuz of btc basically being on lifesupport
[2017-01-27 21:44:51] aoraki : hey Bitfan!
[2017-01-27 21:45:00] BitFan : you should trade pascalcoin if you want to see some action
[2017-01-27 21:45:12] BitFan : aoraki: hola
[2017-01-27 21:45:26] confused : arent the interest rates on finex used to calculate funding rates?
[2017-01-27 21:46:49] rapidgains : you talking about funding?
[2017-01-27 21:46:54] confused : yes
[2017-01-27 21:47:11] rapidgains : i got tired of that bs and moved to quarter
[2017-01-27 21:47:48] rapidtrades : confused: not anymore, now it's just premium discount to spot
[2017-01-27 21:47:51] rapidtrades : its a joke
[2017-01-27 21:48:48] rapidtrades : they're keeping it just slightly below spot, cos they know 0.35% is the max rape
[2017-01-27 21:49:00] confused : so the interest rates on finex are no longer in calculation?
[2017-01-27 21:50:01] confused : how is the rate being calculated?
[2017-01-27 21:50:14] confused : can someone share the formula?
[2017-01-27 21:50:40] sleger : confused: click on references
[2017-01-27 21:50:43] sleger : stop being confused
[2017-01-27 21:51:28] confused : sleger: that formula has finex interest rates in it
[2017-01-27 21:51:54] confused : rapidtrades: is saying thats not the formula
[2017-01-27 21:51:56] rapidtrades : this is turning into a casino while prices basically flat-lines
[2017-01-27 21:51:57] rapidtrades : i lost 4-5% due to this scam while being 'hedged'
[2017-01-27 21:51:59] rapidtrades : lost another 1% due to ADL re-entry
[2017-01-27 21:52:03] sleger : he's wrong
[2017-01-27 21:52:05] lockhedge : confused: finex rates only matter if they are within 0.05% of the premium index
[2017-01-27 21:52:23] lockhedge : https://www.bitmex.com/app/contract/XBTUSD
[2017-01-27 21:54:53] rapidtrades : which they never are
[2017-01-27 21:55:35] rapidtrades : like I said, i wouldn''t mind if prices were going down but this is an obvious scam going on while we're flat
[2017-01-27 21:56:09] rapidtrades : bitmex needs to investigate this shit or experienced traders will not touch swap again
[2017-01-27 21:56:19] confused : shouldnt the rates be flat if price is flat?
[2017-01-27 21:56:44] confused : or close to flat
[2017-01-27 21:56:48] rapidtrades : yes they should
[2017-01-27 21:57:11] rapidtrades : but with china out of the game, its become much easier to manipulate the west
[2017-01-27 21:57:28] lockhedge : all futures (except from long term futures on CF) are trading at a discount, why should the swap trade at a premium then?
[2017-01-27 21:57:58] rapidtrades : if ur short and discount appears, u gain $$$
[2017-01-27 21:58:01] Rizky : funding is negative on the swap
[2017-01-27 21:58:23] rapidtrades : it's a broken product
[2017-01-27 21:59:20] BitMEX_Sam : The swap is working just fine, the negative rate is emulating backwardation
[2017-01-27 21:59:24] BitMEX_Sam : ie longs are being paid
[2017-01-27 22:00:51] confused : BitMEX_Sam: finex interest rates are used for this calculation, correct?
[2017-01-27 22:00:54] rapidtrades : ok then
[2017-01-27 22:01:04] rapidtrades : have fun with ur exchange for newbebe gamblors
[2017-01-27 22:01:12] MikeHunt : rapidtrades: its socialism, people who make right decisions gets taxed
[2017-01-27 22:01:54] BitMEX_Sam : `BON*` rates come from the finex lending market, yes
[2017-01-27 22:02:09] BitMEX_Sam : See https://www.bitmex.com/app/contract/XBTUSD for the calculation and the Swaps Guide for more info
[2017-01-27 22:12:15] lockhedge : rapidtrades: it would have probably been more profitable if you shorted the quarterlies (no funding, you could close at a higher discount), but it would have been much riskier (premium could easily grow to 8%, higher ADL/liquidation risk)
[2017-01-27 22:15:46] rapidtrades : lockhedge plz
[2017-01-27 22:16:06] Ugly_Old_Goat : What you are seeing is correction of backwardation which occurred do to overspec and phony Chjina trades. Most likely scenario is remain flat as March slowly goes to preimum and funding goes back to favoring shorts
[2017-01-27 22:18:34] Ugly_Old_Goat : The best and safest trade is to buy March futures and sell short on another exchange and pick up the spread. If you do not understand backwardasation, why it is rare and why it sometimes you should stick to non-margined position s in spot market.
[2017-01-27 22:19:16] rapidtrades : stop spamming ur crap
[2017-01-27 22:20:10] Ugly_Old_Goat : It is extemelly fair and corrects phony situations l like what just happened. We were all free to sell MaRCH AT 160 premium just as we were all free to buy march at 30 discount
[2017-01-27 22:20:57] rapidtrades : it's joke
[2017-01-27 22:21:06] Ugly_Old_Goat : rapidtrades: you are fool
[2017-01-27 22:21:10] rapidgains : Ugly_Old_Goat: good strat
[2017-01-27 22:21:13] rapidtrades : im slowly cashing out my coins
[2017-01-27 22:21:36] rapidtrades : no use for bitcoins anymore
[2017-01-27 22:21:40] rapidgains : with the hedge its almost free money playing the premium / discount
[2017-01-27 22:21:47] rapidtrades : volatile POS and ur not even paid to own it anymore
[2017-01-27 22:22:20] Ugly_Old_Goat : I @rapidgains It is obvious that is the right decision for you
[2017-01-27 22:22:20] rapidtrades : the permabullz can keep their coins, im out of this stupid game
[2017-01-27 22:22:31] lockhedge : Ugly_Old_Goat: "The best and safest trade is to buy March futures and sell short on another exchange" XBTH17 only trades at 1% discount, you will pay more interest for 2 month for your short
[2017-01-27 22:22:53] rapidtrades : lockhedge plz
[2017-01-27 22:22:59] rapidtrades : let him hang himself
[2017-01-27 22:23:30] rapidtrades : there's just no good way to hedge anymore
[2017-01-27 22:23:49] rapidtrades : futures are neg, swap is shit, kraken is 20%, btce is 10%
[2017-01-27 22:24:08] rapidtrades : im not paying to own bitcoins
[2017-01-27 22:24:56] Ugly_Old_Goat : lockhedge: you miss the pont. The point is their should be a carrying charge for March futures. Since there is a discount and you want to buy btc, march is the best bargain around unless you want to trade at OK coin which I do not
[2017-01-27 22:27:09] Ugly_Old_Goat : March should be +20 not -10. So there is very little risk. If market does not go to premium (which it should do) it will expire at spot. So being long mch here and short on an exchange is a near riskless trade and a guaranteed w;inner at 20-30 discount
[2017-01-27 22:28:26] Ugly_Old_Goat : Again, if you don't get it is best you leave it alone. It is not a scam. Rather it was this exchange that exposed the Chinese exchange scam of feeless fake trading
[2017-01-27 22:28:26] lockhedge : rapidtrades: you could short June (930.75) or Sept (972.60) at CF, but there is currently no cheap short-term hedge
[2017-01-27 22:28:59] rapidtrades : crypto facilities?
[2017-01-27 22:29:06] lockhedge : yes
[2017-01-27 22:29:15] rapidtrades : never used that
[2017-01-27 22:29:18] rapidtrades : how does it work
[2017-01-27 22:30:18] Ugly_Old_Goat : rapidtrades: I thought you were leaving for good. Change your mind?
[2017-01-27 22:31:27] Ugly_Old_Goat : rapidtrades: If you trade like you think, it is no wonder you think a backward market is a scam.
[2017-01-27 22:33:07] Ugly_Old_Goat : Anyhway thanks for feeding my family that past week. The opportunity to be long and collect from stubborn shorts is indeed a rare opportunity. Than k you again for not seeing it.
[2017-01-27 22:33:49] rapidtrades : 6/1 leverage....sounds good
[2017-01-27 22:34:04] rapidtrades : i know i wont be paying for the crazy gamobolores
[2017-01-27 22:37:20] lockhedge : rapidtrades: downsides: low liquidity, you have to be verified to trade, counterparty deleveraging (somehow like ADL, but triggered when your counterparty is liquidated), UI not as nice as here and engine not as fast as here pros: team can be trusted, the only regulated Bitcoin derivatives market
[2017-01-27 22:38:08] rapidtrades : lockhedge: verified as in what? have u done it?
[2017-01-27 22:38:24] rapidtrades : provide info or do the whole ID shit
[2017-01-27 22:39:05] lockhedge : same as everywhere else, scan your passport/ID and a utility bill
[2017-01-27 22:39:14] rapidtrades : ok
[2017-01-27 22:40:01] rapidtrades : it says they are regulated by the FCA
[2017-01-27 22:40:13] rapidtrades : so my $$$ is bank insured?
[2017-01-27 22:43:19] lockhedge : they say "The USD value of your bitcoins is comprehensively insured by an A-rated, Fortune 100 underwriter."
[2017-01-27 22:43:50] -_- : that makes me confident they won't go belly up
[2017-01-27 22:48:33] -_- : xmr up 5%
[2017-01-27 23:34:48] -_- : almost new XMR high
[2017-01-27 23:35:00] -_- : highest it has been in a week
[2017-01-27 23:35:12] -_- : that must have been a stop run dump before the pump
[2017-01-27 23:36:10] micmix : Ugly_Old_Goat: in bitcoin inverse futures (or swap) can stay in backwardation for months during bear market, especially now. without margin trading on cny exchanges okc and bitmex futures/swap is the only way to short or hedge larger amounts
[2017-01-27 23:44:45] Ugly_Old_Goat : micmix: Possible but I have never seen it. Can you show me an example? What is certain is that March will be a spot at expiration and likely at 20-30 premium before then. Further, you can short on margin at Kraken, Polo, and other major legit markets with no fake trades.
[2017-01-27 23:47:05] micmix : cost of shorting anywhere else is higher than 10-15% pa backwardation we had here, plus shorting inverse instrument is more profitable with lower risk
[2017-01-27 23:47:35] micmix : let me see if I can pull some data from 2 years ago
[2017-01-27 23:48:34] micmix : we've been in bull market for over 1.5 years, it's no wonder no one saw backwardation
[2017-01-27 23:50:36] Ugly_Old_Goat : Again, the backwardization is a phenomena created by speculators betting on yuan devaluation (first crash) it was exacerbated by the Chinese fake markets. Both are done. If you think market is going down you are trading the past. We have had the crash and are reset by strong hands for next leg up which is likely a whopper. But to each his own on directional trend. What is a certainty is Mch will be a spot on delivery date. The trade with very little risk is sell spot and buy March, The risk is the exchange risk on both sides which we all know can be enormous for btc exchanges.
[2017-01-27 23:53:00] Ugly_Old_Goat : I have seen backwardization. But it is rare and short lived. Again, I am old. Very old. Much older than bitcoin. Older than derivatives. Older than put and call futures options. I am not aware of any long lasting bacwardization.
[2017-01-27 23:54:43] Ugly_Old_Goat : Please show me an exception. If you cannot then March going to 20-30 premium will be coming shortly.
[2017-01-27 23:57:20] sleger : HAM
[2017-01-27 23:58:04] sleger : you have an example right now of long lasting backwardation, it's already been LONG
[2017-01-27 23:58:09] sleger : SPAM yourself
[2017-01-27 23:58:31] sleger : some admin is drunk tonight ?
[2017-01-27 23:58:45] Noobz : looks like it
[2017-01-27 23:59:53] sleger : GREG go out its friday night !
[2017-01-28 00:00:47] dodic : Ugly_Old_Goat: I am pretty new to this but was considering the reverse cash and carry on the march
[2017-01-28 00:01:11] dodic : wasn't sure if i was misunderstanding the situation
[2017-01-28 00:01:51] sleger : dodic: explain us how you'd do this ?
[2017-01-28 00:02:12] dodic : short spot, long march
[2017-01-28 00:02:31] dodic : you can't fully realize it though since you can't reinvest the short proceeds on bfx
[2017-01-28 00:02:36] lockhedge : how much interest do you pay to short spot?
[2017-01-28 00:03:36] dodic : its 0.02898 on bfx
[2017-01-28 00:05:48] sleger : dodic: short spot on finex ?
[2017-01-28 00:06:07] sleger : ok so how much would you pay total in $ per btc until mar 31 ?
[2017-01-28 00:07:05] sleger : assuming rates dont change
[2017-01-28 00:07:14] Ugly_Old_Goat : This backwarization was created by the Chinese bad exchange pollcies. It got so bad it was the margined positions that kept driving the bacwadizaztion down t minus 30. Strong hands (like me) bot as much as could. I remember a yahoo here saying at 860 we were ging to 830 cause that is where OKcoin was trading. Same yahoo putting out crap that we were going tyo 400-500. I responded we needed to go down 30 to 830 before we go to 500. Guess what we never broke below 855. 760 buy with 735 stop was perfect trade but I was already long up the ying yang and morons we paying me to stay long but I usually enter to early and bot at 885 with only a 20 discount. Anyway to each his own. But March shuould return to premium very soon. And guarantted to be at spot at expiration. Funny how those that don't want to hear anything contrary to their position consider spam. Again show a market with a prolonged backwardization. I am waiting. . . . Please show me. I have an open mind but don 's
[2017-01-28 00:07:17] BitMEX_Greg : sleger: whats your excuse?
[2017-01-28 00:07:49] sleger : BitMEX_Greg: reservation is at 8.30 but having champ at the hotel before
[2017-01-28 00:08:48] sleger : Ugly_Old_Goat: right now is a long backwardation
[2017-01-28 00:08:55] BitMEX_Greg : So the troll box isn't your entertainment of the night like mine?
[2017-01-28 00:08:56] sleger : or define clearly what is long
[2017-01-28 00:09:10] sleger : BitMEX_Greg: not for tonight, sorry
[2017-01-28 00:09:26] sleger : i heard you guys are making rapid unhappy so he might not entertain much
[2017-01-28 00:10:17] ronensinger : Im waiting for some action
[2017-01-28 00:10:31] dodic : sleger: ~1.7% interest on the short until expiration i believe
[2017-01-28 00:10:32] ronensinger : Didn't this exchange used to trade China A50 Futures
[2017-01-28 00:10:46] BitMEX_Greg : I get it though, shorts have been raped. Odd market given the quick pumps and continual discount
[2017-01-28 00:11:05] Ugly_Old_Goat : dodic: You can buy March and sell perp and pick pu the diffence between now an expire
[2017-01-28 00:12:08] Ugly_Old_Goat : Most likely you will be able sell at 20-30 over sometime between now and then
[2017-01-28 00:12:37] Ugly_Old_Goat : It is like shooting fish in a barrel and is a rare situation indeed
[2017-01-28 00:12:47] sleger : dodic: ok so 1.7% (im not checking your number) is what ? 16$, and you long march until expi to capture what ? 9$ ? how do you make money ?
[2017-01-28 00:14:21] Ugly_Old_Goat : I have been long both and collecting funding on perp. The backwardization is also helping to correct thew spread. Perpdays are minimal now but stiill positive.
[2017-01-28 00:15:51] Ugly_Old_Goat : The carrying charge normally goes to shorts. When it gets back to normal I will be selling any non spec perp longs
[2017-01-28 00:18:48] dodic : sleger: yeah, that's what i realized, it doesn't really work unless the discount is massive or you could reinvest the USD proceeds from the short for interest. which afaik you can't do on any exchange, and i wonder if part of the reason why exchange interest rates are high
[2017-01-28 00:18:52] Ugly_Old_Goat : You can probably safely buy march and sell perp here. But when funding was huge in favor of longs the only place to sell was another exchage.
[2017-01-28 00:19:20] sleger : dodic: you're welcome for making me force you to do a+b
[2017-01-28 00:19:20] Ugly_Old_Goat : I will be very surprised if we get back to 20-30 discount
[2017-01-28 00:19:39] dodic : Ugly_Old_Goat: The average is about 0.04 shorts pay I think
[2017-01-28 00:19:50] sleger : Ugly_Old_Goat: im on the same trade as you, im short 600k of swap and long march even more
[2017-01-28 00:21:33] micmix : my bot is short swap and long futures as well, but that doesn't mean I don't believe in backwardation :smile:
[2017-01-28 00:23:00] lockhedge : my mm bot is long swap, and i sold spot today
[2017-01-28 00:25:43] micmix : will see what happens at funding time, usually people overreact to avoid funding and bots take advantage
[2017-01-28 00:28:36] sleger : ahah I just checked I paid about 12btc of funding on swap since jan 22 when it turned negative
[2017-01-28 00:28:53] Sultan Pepper : Tschüss 1m charts...
[2017-01-28 00:30:03] BitMEX_Greg : sleger: are you going to keep telling the trollbox about it for the next 2 years? : p
[2017-01-28 00:30:36] sleger : BitMEX_Greg: it's the first time cut me some slack :)
[2017-01-28 00:30:50] sleger : And i'm not complaining, rules didnt change...
[2017-01-28 00:31:12] BitMEX_Greg : haha
[2017-01-28 00:31:51] micmix : and you probably made 120btc collecting funding before that ;-) @sleger
[2017-01-28 00:32:58] sleger : micmix: not really, funding hasnt been great so far, because it was high but capped for a short time on the way up, and average-high for a long time on the way down
[2017-01-28 00:34:12] lockhedge : sleger: is the idea behind this position to be long volatility?
[2017-01-28 00:34:22] sleger : no
[2017-01-28 00:34:27] micmix : yeah, 0.375% cap is too low, it doesn't keep swap in check
[2017-01-28 00:37:23] Ugly_Old_Goat : Look Idid not get it at first and paid way too much here for a time on the way up. But this exchange is a super tool for hedging. One thing I have learned. I do not hold a perp (what you call swap) and leave the market for a few days. But I am long March at a discount with no worry except direction.
[2017-01-28 00:39:40] Ugly_Old_Goat : Direction can be hedged elswhere, but probably very safe now with perp here since funding is virtually non-existent and probably start rewardings shorts again soon.
[2017-01-28 00:39:48] sleger : "except direction" yeah well thats the whole point !!!
[2017-01-28 00:39:59] Ugly_Old_Goat : I don't trade with bots
[2017-01-28 00:42:00] sleger : i dont trade with goats
[2017-01-28 00:42:18] Ugly_Old_Goat : sleger: Well, that is way I sold out over 1000 and bot back in under 800. Mostly like there is not major move for a while and we simply consolodate between Jan highs and lows. The only play now is the spread is is not much but good safe bet it there is such athing
[2017-01-28 00:43:09] Ugly_Old_Goat : sleger: If you trade here you do. You trade with an Ugly Old one with chronic diarherra
[2017-01-28 00:44:23] Ugly_Old_Goat : sleger: You need to take your hand off my thigh
[2017-01-28 00:44:24] lockhedge : micmix: do you know if there are still open margin positions on Chinese spot exchanges? iirc you said it can take up to 14 days to close them
[2017-01-28 00:45:41] micmix : yes, some margin positions are still open. your margin loan expires as usual but you cannot borrow anymore @lockhedge
[2017-01-28 00:46:39] micmix : last day to borrow on okc was 21 or 22 when they still had 1x leverage available
[2017-01-28 00:46:57] Ugly_Old_Goat : @micmix Wow. ok now that explains the backwardization get so deep and lasting so long
[2017-01-28 00:47:01] lockhedge : micmix: do you have any idea how big the outstanding amount could be?
[2017-01-28 00:47:18] micmix : that's why I'm de-risked for another week at least
[2017-01-28 00:48:49] micmix : lockhedge: I don't think there is any data but cny margin market was huge, you could take 100k cny loans several times per day with no issues
[2017-01-28 00:48:56] Ugly_Old_Goat : micmix: Looks to me like no fee trading really has hidden fees taken in the form of liqudity. No such thing as free
[2017-01-28 00:50:24] micmix : lockhedge: and I think huobi loans were up to 30 days, huge market as well
[2017-01-28 00:52:26] Ugly_Old_Goat : So basically OK and huobi created a mess for their clients and the rest of the world benefited. Don't blame Bitmex for the bacxkwardization. It was simply the market response to a mess started elsewhere