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 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
[2017-01-28 00:53:53] Ugly_Old_Goat : The first shoe was the unexpected upward valuation of the yuan, followed by a visit by the police that said no more. Run an exchange, not a gambling halll
[2017-01-28 00:54:46] Ugly_Old_Goat : I figured everything before it happen but now I understand why. Thanks @sleger
[2017-01-28 00:57:46] Ugly_Old_Goat : Expect slow markets and return to normal as speculators on Chinese exchanges lick their wounds. Again Bitmex is best becase it is not free, it rewards market makers, it provide extreme leverage if you want it. and it socializes losses when things get out of hand
[2017-01-28 00:58:25] Ugly_Old_Goat : This place is for speculators and hedgers, no investors
[2017-01-28 01:01:26] Ugly_Old_Goat : micmix: Rather thank you. You opened my eyes to what happened. Did not really fully understand the cause until you clued me in to no fee leveraged trading with faked liquidity
[2017-01-28 01:02:07] Ugly_Old_Goat : Another thing ab out this place is you get deposit with one confirm which is essential in crazy markets
[2017-01-28 01:05:47] Ugly_Old_Goat : I am still waiting for an example of a long lasting backward market.. . .
[2017-01-28 01:11:18] lockhedge : Ugly_Old_Goat: "I am still waiting for an example" CNYUSD futures (=inverse USDCNY) http://www.cmegroup.com/trading/fx/emerging-market/chinese-renminbi.html
[2017-01-28 01:13:48] lockhedge : so in theory you are wrong, but you might be right being bullish on bitcoin
[2017-01-28 01:22:15] Ugly_Old_Goat : lockhedge: Your mixing apple with oranges. Yes, backwardization can happen and remain on a currency, especially a weak one. Think Zimbabwi. That is wrong. Currencies are fiat. Created and contolled by governmments. Incidentally the same thing happens here on shitcoins because they are created. I see the problem here is you really do not understand btc and why it is the blockchain and why there are not others. Btc started at zero. It had no ICO. It was built slowly for years on proof of work. btc is really a commodity much like sliver or gold. Not like corn or soybeans which depends on production.
[2017-01-28 01:23:18] laisee : its backwardation, not backwardization. commods gammar nazi at ur service.
[2017-01-28 01:24:16] Ugly_Old_Goat : laisee: And I suppose your fearts don't stink
[2017-01-28 01:24:38] laisee : its farts, not fearts. thank you for your attention. ;-)
[2017-01-28 01:24:44] Ugly_Old_Goat : Excuse me, I think farts is the correct spelling
[2017-01-28 01:24:56] Ugly_Old_Goat : You beat me to it
[2017-01-28 01:25:04] laisee : snap!
[2017-01-28 01:26:29] abbey : meanwhile btc goes up
[2017-01-28 01:27:00] laisee : interesting topic ... does Bitcoin have convenience yield or carrying costs somehow? can bitcoin exchanges be analyzed like gas or oil supply chain network?
[2017-01-28 01:28:40] Ugly_Old_Goat : I think so to a degree
[2017-01-28 01:30:13] Ugly_Old_Goat : But the measure comes from analyzing the true users. The true users are those with no other option. Chris DeRose and Tone Vays are a good place to start
[2017-01-28 01:31:58] Ugly_Old_Goat : True users are things like back page, MJ, and illegal drugs and those that need to avoid currency controls
[2017-01-28 01:35:44] Ugly_Old_Goat : But there is a true carrying charge depending on the currency it is priced it
[2017-01-28 01:36:58] Ugly_Old_Goat : Bitcoin use can only become widespread with the adoption of sound commercial banking which has been forgotten for 100 years and needs to be relearnd.
[2017-01-28 01:38:44] Ugly_Old_Goat : It is coming but slowly and unseen at first. Legal MJ growers in US need btc banking so it will likely develop their first since use a bank risks gets funds seized since legal in states but illegal in fed banks
[2017-01-28 01:39:10] Ugly_Old_Goat : Any thanks for all the information today. Good night
[2017-01-28 01:40:23] laisee : nite
[2017-01-28 01:40:24] yungyang : You the GOAT fam
[2017-01-28 01:40:43] yungyang : gnight ?
[2017-01-28 01:44:30] laisee : ought to be pssible to chart BTC supply chain from miners to exchanges to users to vendors & onwards.
[2017-01-28 01:51:29] -_- : someone wants in xmr
[2017-01-28 01:51:48] -_- : still not sure next big 10%+ move or just a random buyer getting in
[2017-01-28 01:52:36] -_- : no bots insta selling 80btc worth of xmr
[2017-01-28 01:56:30] -_- : damn
[2017-01-28 01:56:31] -_- : any xmr news
[2017-01-28 01:57:58] -_- : fake out down then pump
[2017-01-28 01:59:15] -_- : someone putting hundreds of btc into xmr right meow
[2017-01-28 02:01:18] pigeons : shhhhhhh
[2017-01-28 02:01:39] -_- : wtf
[2017-01-28 02:01:43] -_- : i guess i should have fomo long
[2017-01-28 02:03:42] -_- : i like when pumper takes down pump wall. then i wonder if they are going to put it higher
[2017-01-28 02:03:45] -_- : and yes they did
[2017-01-28 02:04:15] -_- : china add xmr?
[2017-01-28 02:12:12] -_- : ah i know. bitfinex stolen coins going into xmr
[2017-01-28 02:23:16] -_- : all i know is about 1000 btc was just used to buy and put up buy walls
[2017-01-28 02:23:32] -_- : choochoo anon coin of the future
[2017-01-28 02:29:44] Ugly_Old_Goat : -_-: For what its worth I think it iegit and just bot 100 1480-81 and that is me at 14187. We should take ofut the 18748 spike
[2017-01-28 02:30:24] -_- : yeah btc is boring and big alt needs to go boom
[2017-01-28 02:30:48] -_- : xmr 13% so far is good
[2017-01-28 02:30:57] Ugly_Old_Goat : Monero and litecoin are only other legit alts
[2017-01-28 02:31:00] -_- : sucks i didnt long it right after settlement
[2017-01-28 02:31:13] Ugly_Old_Goat : Maybe counterparty, but can't trade here
[2017-01-28 02:32:37] Ugly_Old_Goat : Its a good bet, no reason to jump in until a real breakout. Again just a chuckle for laffs trade. But I have done very well in Monero but never traded it here
[2017-01-28 02:35:03] Ugly_Old_Goat : BTY I really like XCP here and committed 5% of my btc to it at these levels
[2017-01-28 02:37:23] -_- : i've also seen xmr dump a ton for no reason too
[2017-01-28 02:46:43] ronensinger : Any programmers here?
[2017-01-28 02:50:07] Sultan Pepper : I can program the shet out of a TI-83
[2017-01-28 02:50:31] Sultan Pepper : Basic, yo
[2017-01-28 03:11:51] MikeHunt : ronensinger: y u ask?
[2017-01-28 03:15:34] REKT : Liquidated long on `XMR7D`: sell 500 @ 0.013769
[2017-01-28 03:15:44] enki0182 : MikeHunt: he wants you to build him a bot based on his trading strategem.
[2017-01-28 03:15:57] enki0182 : me too plz mike :P
[2017-01-28 03:16:02] enki0182 : :)
[2017-01-28 03:16:06] enki0182 : : )
[2017-01-28 03:17:45] FreeBitcoins : bot that re-enters positions after ADL would be perfect
[2017-01-28 03:19:05] enki0182 : FreeBitcoins: yerp.... it would be a busy bot tho : :P
[2017-01-28 03:20:11] enki0182 : but you have to give cred to the ability to 100x on mex. im happy to see mex climbing charts as an mercentile exchange.... its a good platform
[2017-01-28 03:20:27] enki0182 : never 100x'd myself though (intentionally rofl)
[2017-01-28 03:23:02] ronensinger : Im a programmer myself
[2017-01-28 03:23:09] ronensinger : I can program anything for you guys for a price
[2017-01-28 03:23:23] ronensinger : I was just wondering if they're any other programmer here
[2017-01-28 03:24:37] MikeHunt : ronensinger: i know c#
[2017-01-28 03:24:52] MikeHunt : done a bit of php/css/other stuff in past
[2017-01-28 03:24:55] enki0182 : I really just want to know what i can use to get a nice UI with all my dim'd var's and gets into a DB... then perform code (buys and sells) on the data via a nice little UI displaying what its all doing... but i dont even know where to start
[2017-01-28 03:25:28] enki0182 : been 12 years since I did VB.net... and that shit dont work well no more... the worlds gone to REST
[2017-01-28 03:25:58] enki0182 : ronensinger: where would you start?
[2017-01-28 03:26:00] enki0182 : csharp?
[2017-01-28 03:26:12] enki0182 : csharpUI? Swagger?
[2017-01-28 03:27:39] ronensinger : I would start with PHP
[2017-01-28 03:27:39] enki0182 : ive read up a bit and I know BitMex_Sam seems to be a 1337 programmer for the stuff... but I have to re-educate myself again to be able to even ask for help without wasting his time.
[2017-01-28 03:27:48] ronensinger : And make it into a website
[2017-01-28 03:28:02] ronensinger : That way, you can access if anywhere
[2017-01-28 03:28:08] ronensinger : I'd be willing to do it for you
[2017-01-28 03:28:10] ronensinger : For a price
[2017-01-28 03:28:29] ronensinger : enki0182: Let me know if you're interested
[2017-01-28 03:29:22] ronensinger : enki0182: Are you there?
[2017-01-28 03:29:31] enki0182 : Im interested... but doubt i could justify paying you what your worth.
[2017-01-28 03:30:00] ronensinger : How about I give you my email and we can discuss the specifics
[2017-01-28 03:30:19] enki0182 : i would personally grind the hours away on google re educating myself on how to do it.... Im a stinge... lol
[2017-01-28 03:30:41] ronensinger : enki0182: Well, lets talk it out
[2017-01-28 03:31:00] enki0182 : happy to... I would place my email in the bitmex trollbox but its <fullname>@outlook.com... so i would rather not.
[2017-01-28 03:31:07] ronensinger : I see
[2017-01-28 03:31:28] ronensinger : I'll give you mine then
[2017-01-28 03:31:31] enki0182 : too bad bitmex doesnt have PM function
[2017-01-28 03:31:37] enki0182 : ok
[2017-01-28 03:33:11] ronensinger : enki0182: Go get on the IRC chat
[2017-01-28 03:33:11] FreeBitcoins : btc usd looks ok to buy but cny so bearish
[2017-01-28 03:33:20] ronensinger : enki0182: And send me a Private message
[2017-01-28 03:33:37] ronensinger : enki0182: You can get to the IRC chat by clicking on the IRC button on the top right of the trollbox
[2017-01-28 03:34:05] ronen : Are you here, enki?
[2017-01-28 03:34:48] enki0182 : yeh
[2017-01-28 03:34:58] ronensinger : enki0182: Have you gone on the IRC chat?
[2017-01-28 03:35:01] ronensinger : Send me a PM there
[2017-01-28 03:35:05] ronensinger : My username is: ronen
[2017-01-28 03:35:14] enki0182 : champ - on my way
[2017-01-28 03:37:33] ronen : Are you here?
[2017-01-28 03:37:36] ronen : Enki?
[2017-01-28 03:38:37] ronensinger : enki0182: ?
[2017-01-28 03:40:01] enki0182 : ronensinger: email sent to you
[2017-01-28 03:40:04] enki0182 : ty
[2017-01-28 03:41:05] ronensinger : enki0182: Got it.
[2017-01-28 03:42:19] enki0182 : ronensinger: thanks - im off for now - going to go eat something and let my long sit here and ferment a bit....
[2017-01-28 03:48:05] FreeBitcoins : mmmm kimchi
[2017-01-28 03:48:47] blacktuesday : 33k bid hello
[2017-01-28 03:55:37] Sultan Pepper : ❌?➡️❌????
[2017-01-28 05:44:01] yungyang : hmm
[2017-01-28 05:48:53] enki0182 : we going up or down guys?
[2017-01-28 05:53:14] FreeBitcoins : no liquididty so grab a bunch of coins or cash and you can make it up as you go
[2017-01-28 05:53:46] bitmors : Question... Where does realized PNL come from?
[2017-01-28 05:54:37] bitmors : I have a position that is -0.07btc unrealized... And +0.58 realized... What does that mean?
[2017-01-28 05:56:41] MikeHunt : bitmors: unrealized applies to open trades
[2017-01-28 05:57:04] MikeHunt : ie: if ur trading a loss but u havent closed it yet, u havent realized the loss yet
[2017-01-28 05:59:35] guacamole : anyone know if bitvc futures is basically dead? don't see any volume there - maybe the exchange fees killed off liquidity from arbitrage traders?
[2017-01-28 06:03:51] FreeBitcoins : this lull in trade activity is atrocious. cant get filled on okc and btcc spread is buttery. prob trade usd/euro after closing this...
[2017-01-28 06:27:47] MikeHunt : expect dead for next week
[2017-01-28 06:27:53] MikeHunt : due to china holiday
[2017-01-28 07:00:34] VenCap : Feb 4th it last until.
[2017-01-28 07:00:43] VenCap : But really, you guys fully stop trading on "holidays"
[2017-01-28 07:00:50] VenCap : so it does not have that big an impact.
[2017-01-28 07:30:50] Papou : we need volatility back...this is dumb
[2017-01-28 07:41:15] VenCap : Good Morning Papou Doc. hows your Shorts looknig today?
[2017-01-28 07:53:16] -_- : man
[2017-01-28 07:53:19] -_- : yolo 25x long xmr
[2017-01-28 07:53:25] -_- : anoncoin the future
[2017-01-28 07:53:26] -_- : sorry btc
[2017-01-28 07:54:39] VenCap : xmr pnd coin. controlled by a few people. Its going to introduce Segwit, just like Stratis.
[2017-01-28 08:21:46] -_- : 0kcoin climbing. few more buys and a new high
[2017-01-28 08:31:23] -_- : futures new high
[2017-01-28 08:32:40] aethlios : low volume slow up doesn't convince futures, still discount.
[2017-01-28 08:32:43] micmix : futures were over 1200
[2017-01-28 08:33:03] micmix : no new highs in sight
[2017-01-28 08:35:04] rapidgains : $950 incoming over the next week
[2017-01-28 08:36:55] BTCKing : Bitfinex rallying right now
[2017-01-28 08:42:53] rullwull : currently a few dollars move considering as a rally ?
[2017-01-28 08:56:11] Yuppie : Anyone has some colour on alts? Looking to diverify a bit. Stratis and Pascalcoin in particular...
[2017-01-28 09:02:58] BTCKing : most alts won't gain traction. look into the ones that already have traction (bigish market cap)
[2017-01-28 09:03:07] BTCKing : like ethereum
[2017-01-28 09:06:32] irishsia : Yuppie: Siacoin. Thank me later. Look at the tech and judge for yourself though.
[2017-01-28 09:09:50] aethlios : 1ST (firstblood will rally hard in june when beta version of platform is up, also entering polo then)
[2017-01-28 09:22:09] micmix : yes, just buy all of them, 99% of them will flop but you might get luck with one or two
[2017-01-28 09:22:18] micmix : *lucky
[2017-01-28 09:22:58] micmix : and you will feel like super smart big VC ;-)
[2017-01-28 09:23:36] Yuppie : The more I think about it the more massive a move over Chinese New Year could actually be. With low vols a massive directional move could be unfolded
[2017-01-28 09:24:59] Yuppie : Thx for the tips in alts
[2017-01-28 09:40:26] REKT : Liquidated short on `XBTUSD`: buy 6800 @ 919.45
[2017-01-28 09:46:47] herpinator : interesting how split the market is between east and west
[2017-01-28 12:59:35] al : Yuppie: LTC looks like it has triple bottomed, picked up a few hundred
[2017-01-28 14:41:17] Derreck : 0kcoin daily volume is $2M lol
[2017-01-28 14:42:13] Derreck : if it goes down to $1M it would be like 1000x fall in three weeks.
[2017-01-28 15:01:15] BTC-Noob : what is the difference between bots and users
[2017-01-28 15:02:04] Sultan Pepper : Bots don't scream when you put them in the oven
[2017-01-28 15:33:29] herpinator : Sultan Pepper: lol!
[2017-01-28 15:41:27] birdie numn : volatility is dead. long live the volatility
[2017-01-28 16:39:42] -_- : only 664 users. all my friends getting rekt
[2017-01-28 16:41:14] Putin : anyone heard of ban on bitcoin for marijuana sales?
[2017-01-28 16:42:37] -_- : no
[2017-01-28 16:44:59] herpinator : this is so boring I think I'll come back in a few weeks
[2017-01-28 16:48:55] Putin : https://www.rt.com/usa/375343-washington-marijuana-bitcoin-ban/
[2017-01-28 17:03:31] Shaman : ugh
[2017-01-28 17:05:58] Sultan Pepper : ?????<crickets
[2017-01-28 17:07:08] Sultan Pepper : Chinese; turning day traders into swing traders overnight.
[2017-01-28 17:11:15] -_- : china needs to stop celebrating new years and get back to moving the price up and down 5%
[2017-01-28 17:15:13] Naelbest : Hi, guys! Anybody can tell me how can I use Bitmex?
[2017-01-28 17:16:27] Naelbest : Here is my Wechat. Add me in to chat more.
[2017-01-28 17:16:29] Naelbest : Naelbest_
[2017-01-28 17:17:18] Rado2 : Naelbest: Do you have a specific question?
[2017-01-28 17:17:44] Naelbest : Yeah, I have.
[2017-01-28 17:17:46] Rado2 : This platform is not for newbie traders
[2017-01-28 17:17:57] Naelbest : Oh, so, how can I start?
[2017-01-28 17:18:18] Rado2 : try trading on the Testnet first
[2017-01-28 17:18:25] aethlios : Naelbest: with minimum (like 10 contracts) to start learning
[2017-01-28 17:18:33] Rado2 : https://testnet.bitmex.com/app/trade/XBTUSD
[2017-01-28 17:18:50] Naelbest : Thanks! So helpful. Are you based in China?
[2017-01-28 17:18:55] aethlios : better use real market with 10 contracts.
[2017-01-28 17:20:52] Naelbest : Yeah, thanks. If anyone wants to guide me, please email me at "naelbest@buaa.edu.cn"
[2017-01-28 17:21:31] Naelbest : Because we can do something in Africa. I have good connection for that.
[2017-01-28 17:23:03] Sultan Pepper : Unfortunately very few people here, myself included, want to make you money. We'd all rather take it, honestly. I'd be glad to explain how it works, but if you want to take our money you'll have to figure out your own strategy
[2017-01-28 17:24:25] Sultan Pepper : *meysel excluded*
[2017-01-28 17:24:34] Sultan Pepper : myself, geeze
[2017-01-28 18:04:06] ronensinger : Naelbest: Hey
[2017-01-28 18:14:52] Rado2 : very sloooooow
[2017-01-28 18:15:01] Rado2 : weekends not worth trading at the moment
[2017-01-28 18:21:31] Rado2 : 25 min no trades
[2017-01-28 18:41:18] Naelbest : Sultan Pepper: I know but sharing is caring sometimes.
[2017-01-28 18:41:30] Naelbest : Also, we could do other business together.
[2017-01-28 18:41:40] Naelbest : ronensinger: Hi
[2017-01-28 19:13:49] ronensinger : Naelbest: What's up?
[2017-01-28 19:15:05] -_- : only worth trading xmr it seems
[2017-01-28 20:26:55] -_- : all right guys. i'm gonna single handily move the market
[2017-01-28 20:27:03] -_- : had enough of this sideways bs
[2017-01-28 20:28:38] Obama : which way you movin it?
[2017-01-28 20:29:12] -_- : gonna pump it up a few pennies
[2017-01-28 20:29:21] Obama : just to be clear
[2017-01-28 20:29:22] -_- : i'm gonna make a splash
[2017-01-28 20:29:26] Obama : you said you were going to pump what?
[2017-01-28 20:29:43] -_- : gonna pump btc
[2017-01-28 20:29:55] -_- : jk
[2017-01-28 20:30:01] -_- : i'm gonna shotgun a beer instead
[2017-01-28 20:30:09] rapidgains : prob gonna pump tho lol
[2017-01-28 20:30:21] PARAFFIN : Hmm low volume =
[2017-01-28 20:30:22] -_- : i drew some lines. still unclear when it will pump
[2017-01-28 20:30:23] PARAFFIN : ?
[2017-01-28 20:30:29] -_- : china partying for a few more days
[2017-01-28 20:30:30] PARAFFIN : Why no move?
[2017-01-28 20:30:48] -_- : not even sure if china leads any more
[2017-01-28 20:31:17] -_- : i'm actually more excited about ltc
[2017-01-28 20:31:56] -_- : http://litecoinblockhalf.com/segwit.php
[2017-01-28 20:32:20] -_- : gotta give it 3 days or so to see how close they are to 75%