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<< >> English 中文 Русский 한국어 日本語 Español Français [2017-02-08 10:20:19] irishsia : There was no meeting [2017-02-08 10:20:21] tommygunn : wow, nice correction candle. Anyone else have orders hit at1k? [2017-02-08 10:20:36] cryptokeeper : irishsia: I have multiple sources now saying they did? [2017-02-08 10:20:40] cryptokeeper : and there was this [2017-02-08 10:20:41] BitFan : irishsia: so bloomberg is writing bullshit? [2017-02-08 10:20:41] BitMEX_Wally : rasdasd: It's a prediction market, it settles at 0 or 100 [2017-02-08 10:20:50] elmorte : BitMEX_Wally: what;s the settlement date? [2017-02-08 10:20:55] irishsia : BitFan: when is Bloomberg not writing bullshit? [2017-02-08 10:20:58] rasdasd : BitMEX_Wally: oh okay thanks [2017-02-08 10:21:19] tommygunn : I see coin launched here, nice job boys [2017-02-08 10:21:24] cryptokeeper : https://twitter.com/cnLedger/status/829243839999254528 [2017-02-08 10:21:28] BitFan : irishsia: Ok but here they just said there was a meeting [2017-02-08 10:21:29] BitFan : https://www.bloomberg.com/news/articles/2017-02-08/china-central-bank-said-to-call-bitcoin-exchanges-for-more-talks?cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social [2017-02-08 10:21:50] irishsia : cryptokeeper: okay, if you have sources inside one of the big 3 exchanges then fine. I also have sources and they say there was no meeting. [2017-02-08 10:21:54] cryptokeeper : that was posted 2 hours ago... right at the time of the meeting [2017-02-08 10:22:22] neox : maybe just fake-information to drop the price? [2017-02-08 10:22:22] irishsia : BitFan: Yes, the cite sources 'familiar with the situation'. No source. [2017-02-08 10:22:24] elmorte : Unless you were there, you can't say there was a meeting for sure. But the market speaks for itself [2017-02-08 10:22:37] cryptokeeper : right. [2017-02-08 10:22:43] cryptokeeper : and I wasnt there of course [2017-02-08 10:22:55] cryptokeeper : but I know people over there [2017-02-08 10:22:58] irishsia : Either way we will find out. The market got crushed. [2017-02-08 10:23:01] elmorte : and he did call it last night, I was here [2017-02-08 10:23:12] cryptokeeper : elmorte: i said the exact time too. [2017-02-08 10:23:19] BitFan : irishsia: yes but this was sufficient to drop the price [2017-02-08 10:23:35] BitFan : I was there too [2017-02-08 10:23:38] elmorte : I missed that bit...otherwise would've been on here like a hawk [2017-02-08 10:23:46] cryptokeeper : anyways... its done... i dont wanna talk about it anymore... lets just trade :P [2017-02-08 10:23:47] irishsia : BitFan: It's called manipulation. Someone wanted to crash it to make bank. Job done [2017-02-08 10:24:10] BitFan : irishsia: that also a very valuable alternative [2017-02-08 10:24:42] irishsia : cryptokeeper: Anyway, I didn't see your heads-up but appreciate that you did that. I hope you made some gravy from it! [2017-02-08 10:24:54] cryptokeeper : BitFan: there u go!!! so it is fully true [2017-02-08 10:25:05] cryptokeeper : irishsia: I did! thank u.. [2017-02-08 10:25:12] cryptokeeper : many people were razzing me hard and calling me a noob and a BSer [2017-02-08 10:25:24] cryptokeeper : they will wake up and eat humble pie for breakfast now [2017-02-08 10:25:47] BitFan : cryptokeeper: that's called insider trading [2017-02-08 10:26:06] BitFan : but you shared the news here [2017-02-08 10:26:18] BitFan : again with no sources [2017-02-08 10:26:33] cryptokeeper : ? [2017-02-08 10:26:36] BitFan : anyway fuck pboc [2017-02-08 10:26:41] cryptokeeper : hehe [2017-02-08 10:26:51] -_- : Someone betting big COIN won't happen [2017-02-08 10:27:52] BTC-Noob : time to long x100 [2017-02-08 10:28:09] faggot : BTC-Noob: Literally what I'm doing [2017-02-08 10:28:12] rasdasd : guy who shorts COIN is smart [2017-02-08 10:28:12] faggot : So far going strong [2017-02-08 10:28:25] rasdasd : they are gonna drop it to 1 and pump to 100 [2017-02-08 10:28:26] cryptokeeper : ya... dont short this shit either [2017-02-08 10:28:35] cryptokeeper : HODL [2017-02-08 10:28:47] cryptokeeper : this was a gifting [2017-02-08 10:33:08] aethlios : I am buying 25,000 at 5 [2017-02-08 10:33:30] aethlios : and 25,000 at 2 [2017-02-08 10:35:50] itsfall : aethlios: and then rekt [2017-02-08 10:36:09] aethlios : itsfall: no margin calls because 100% margin. [2017-02-08 10:36:33] messiaen8844 : nice, great stuff on COINH17 [2017-02-08 10:36:37] itsfall : aethlios: nice [2017-02-08 10:36:46] shery : who knows what happens next [2017-02-08 10:36:47] messiaen8844 : kudos to bitmex for this prediction market [2017-02-08 10:37:37] messiaen8844 : degens have found a new home here [2017-02-08 10:37:49] rasdasd : easy money if you short COIN here [2017-02-08 10:37:56] l3f : messiaen8844: Chat iq will keep dropping [2017-02-08 10:38:22] aethlios : we trade everything..... [2017-02-08 10:38:32] l3f : aethlios: what's the play with COIN? [2017-02-08 10:38:44] rasdasd : l3f: it can be traded between 1 and 100 [2017-02-08 10:38:49] l3f : so if I think 50% then do I buy or sell? [2017-02-08 10:39:10] aethlios : l3f: it's like binary option. if coin accepted settles at 100, if not at zero. [2017-02-08 10:39:39] aethlios : so 5 is a 5% probability, we buy and sell probability [2017-02-08 10:39:43] messiaen8844 : rasdasd: nah, you set a very low bid, wait for liquidation and they you make a very assymetric bet on approval [2017-02-08 10:40:05] l3f : aethlios: so if I sold and I'm on -ve and it settles at 100 do I pay up? [2017-02-08 10:40:45] messiaen8844 : if it settles at their 1 or 0, it's a binary outcome with assymetric risk-reward... [2017-02-08 10:40:47] micmix : no liquidations on COIN, you have to post full margin [2017-02-08 10:41:06] messiaen8844 : ah, ok [2017-02-08 10:41:12] j8 : yeah it's like trading with training wheels [2017-02-08 10:41:41] j8 : fixed downside, fixed upside [2017-02-08 10:41:48] l3f : no stop losses [2017-02-08 10:41:49] l3f : 100% gambling [2017-02-08 10:41:59] aethlios : l3f: don't get you, what do you mean?? [2017-02-08 10:42:13] l3f : aethlios: Suppose I sell 1 Contract at 50 [2017-02-08 10:42:34] j8 : it's just a different kind of bet. it's a discrete bet instead of betting on continuous price [2017-02-08 10:42:53] l3f : At settlement suppose it ends up at 100. I lose the margin I posted I'm assuming [2017-02-08 10:43:11] aethlios : l3f: they keep a 0.005 as margin so you lose only that. [2017-02-08 10:43:14] messiaen8844 : meanwhile Augur remains vapourware lol, while others take its place [2017-02-08 10:43:16] l3f : I keep the profits from the sale and the margin if it settles at 0 [2017-02-08 10:43:34] l3f : Ok selling would be writing an option at X% probability [2017-02-08 10:43:58] aethlios : l3f: margin is 100%, so bitmex holds in margin your maximum loss [2017-02-08 10:44:33] l3f : Ok I get it [2017-02-08 10:45:06] l3f : How high I sell controls the my gain [2017-02-08 10:45:21] j8 : buying at 50% is even odds, buying at 25% is 3:1, selling at 75% is 3:1 on NO, etc [2017-02-08 10:47:29] l3f : And sellers have no IV crush advantage, no time decay advantage [2017-02-08 10:47:43] l3f : nty bitmex [2017-02-08 10:47:54] l3f : gl to everyone buying them [2017-02-08 10:47:57] j8 : the only complicated part is that the outcome is correlated with the bitcoin price. so the payout for YES will probably be bigger in usd terms [2017-02-08 10:49:15] j8 : so it would actually make sense to buy it a bit higher than the expected probability [2017-02-08 10:50:26] shery : bitmex lagging! selling pressure here ! [2017-02-08 10:50:53] Tux26 : shery: wait until the short squeeze :) [2017-02-08 10:51:53] shery : Tux26: I guess we will be moving sideways till any statement from meeting is out! [2017-02-08 10:52:35] Tux26 : shery: possible. I also do not for certain expect the short squeeze in the next hour or so, I just think it's likely we'll see one. [2017-02-08 10:55:28] shery : Tux26: true! [2017-02-08 10:56:00] BitMEX_Wally : j8: The settlement fee is 0.25% but if it settles at 0 [2017-02-08 10:56:09] BitMEX_Wally : that's 0... [2017-02-08 10:58:17] j8 : oh, thats a bit odd [2017-02-08 10:59:26] REKT : Liquidated short on `XBTH17`: buy 1000 @ 1031.01 [2017-02-08 10:59:51] neox : back to the roots [2017-02-08 11:00:16] j8 : BitMEX_Wally: fees aren't listed.. anywhere that i can see [2017-02-08 11:00:59] j8 : i think you're mistaken, it must be zero :P [2017-02-08 11:01:50] Ahhere : Lol we mooning again ladies? You guise r crazy [2017-02-08 11:02:05] Ahhere : Cleared out a bunch of open interest in that dip [2017-02-08 11:02:07] adil : should've longed x100 instead of x50... [2017-02-08 11:02:22] Ahhere : #stronghands hodl me [2017-02-08 11:05:55] adil : how far up do you guys it is gonna go? [2017-02-08 11:06:08] shery : adil: kya [2017-02-08 11:06:27] adil : kya? [2017-02-08 11:06:46] adil : @shery [2017-02-08 11:09:16] micmix : adil: the only fair price for bitcoin is ∞ [2017-02-08 11:10:40] adil : micmix: yeah i know but i meant like after this plunge that it just had a few hours ago, how far do you guys think ir is gonna rise again, what's the next wall? [2017-02-08 11:11:25] faggot : 10000000000 [2017-02-08 11:11:37] Dynamix : next stop for btc is 1100 :) [2017-02-08 11:11:39] longbydefault : show him the video faggot [2017-02-08 11:12:21] Nerve : adil: 1080 [2017-02-08 11:12:36] Nerve : I hope tonight [2017-02-08 11:12:37] micmix : adil: no one can say, that's why buying the dips will low leverage works best if you want to avoid REKT [2017-02-08 11:13:28] micmix : *with low leverage [2017-02-08 11:13:40] l3f : micmix: selling short at tops makes money twice as fast when it jumps down the elevator [2017-02-08 11:13:52] l3f : But requires a bit more technique [2017-02-08 11:13:56] l3f : like insider info [2017-02-08 11:14:08] micmix : shorting tops much harder [2017-02-08 11:16:03] micmix : not as dangerous with inverse contracts as on spot but still tricky [2017-02-08 11:16:10] Dynamix : its goinggoing down to 1030 [2017-02-08 11:16:16] Dynamix : then up to 1050 .. [2017-02-08 11:20:45] tommygunn : 1050 looks like first stop, stamp almost there [2017-02-08 11:24:42] Tetsuo : http://www.coindesk.com/trader-sues-okcoin-lost-litecoin/ [2017-02-08 11:25:19] tommygunn : your link goes 404 [2017-02-08 11:27:03] -_- : COIN yes or no could happen sooner than March 11 [2017-02-08 11:27:15] germanjew : lol the woodchipper got regexed in that link :) [2017-02-08 11:27:37] rullwull : Tetsuo: this user may have an open algo orders [2017-02-08 11:28:01] Tetsuo : i have no opinion on this, just wanted to share the link [2017-02-08 11:28:19] rullwull : thanks, this is just my guess [2017-02-08 11:28:49] rullwull : in okc cny you may have unlimited number of algo orders [2017-02-08 11:29:00] rullwull : on futures max 6 [2017-02-08 11:30:40] RoftheN : BTC [2017-02-08 11:30:46] RoftheN : bitcoin [2017-02-08 11:32:12] micmix : ^^^ no, 'bitcoin' is not filtered by BitMEX chat filter (yet). when COIN is approved BitMEX will replace 'bitcoin' with 'COIN!!!' [2017-02-08 11:32:30] rullwull : micmix: why shorting spot is more dangerous? [2017-02-08 11:32:52] micmix : loss is unlimited on spot [2017-02-08 11:33:00] RoftheN : What is COIN? [2017-02-08 11:33:19] Tetsuo : Its like Bitcoin without Bit [2017-02-08 11:33:28] RoftheN : I no understand [2017-02-08 11:33:35] RoftheN : What is bitcoin without bit? [2017-02-08 11:33:36] tech.coin : https://www.bitmex.com/app/trade/COIN_BH17 [2017-02-08 11:34:05] RoftheN : Thanks [2017-02-08 11:34:28] MichaelKade : Hey [2017-02-08 11:34:43] RoftheN : Winklevoss Bitcoin Shares (COIN ETF) This? [2017-02-08 11:35:07] micmix : RoftheN: yes [2017-02-08 11:35:13] RoftheN : Interesting [2017-02-08 11:35:43] MichaelKade : faggot: Haha last night was good what where the chances of me working with your brother hahah [2017-02-08 11:36:58] faggot : MichaelKade: We're literally are talking about this now dude [2017-02-08 11:37:06] faggot : Strange coincidink [2017-02-08 11:37:13] MichaelKade : He's a good lad bro, we couldn [2017-02-08 11:37:24] MichaelKade : couldn't stop laughing today it was so good [2017-02-08 11:38:02] faggot : MichaelKade: Apparently you called me a spastic [2017-02-08 11:38:05] faggot : So cut [2017-02-08 11:38:22] MichaelKade : faggot: well I take that back rip, it's a small world [2017-02-08 11:38:37] MichaelKade : I'm waiting for tonights video as well [2017-02-08 11:38:40] faggot : MichaelKade: yeah you better - tiny! [2017-02-08 11:38:51] faggot : Probably a sad one because I ripped on the drop [2017-02-08 11:38:56] faggot : You better have sybbed [2017-02-08 11:39:01] faggot : subbed [2017-02-08 11:39:13] MichaelKade : faggot: wasn't logged in to youtube haha [2017-02-08 11:39:37] faggot : Log your ass in my boi [2017-02-08 11:39:48] faggot : What positions you got open rn? [2017-02-08 11:40:19] MichaelKade : Just XBTUSD, that's it your brother is teaching me the basics haha @faggot [2017-02-08 11:41:09] faggot : MichaelKade: How much and what's your entry? Perps or futures? [2017-02-08 11:42:08] l3f : did we manage to reduce @itsfall's balance to itszero yet? [2017-02-08 11:42:35] itsfall : l3f: nope :P [2017-02-08 11:42:40] laisee : 0.00000001 [2017-02-08 11:42:45] MichaelKade : faggot: I've got my position opened at 1017.00 and I've got long, honestly I'm a noob bro [2017-02-08 11:42:52] itsfall : l3f: try harder [2017-02-08 11:42:53] l3f : itsfall: they expect one of us in the wreckage brother [2017-02-08 11:43:10] MichaelKade : The drop today around 6pm was disappointing [2017-02-08 11:43:14] faggot : MichaelKade: all good, you got telegram? [2017-02-08 11:43:15] itsfall : l3f: good luck :) [2017-02-08 11:43:27] faggot : MichaelKade: Yeah, fkn destroyed me - goddam leverage [2017-02-08 11:43:29] l3f : itsfall: I'm curious though, are you up or down? [2017-02-08 11:43:43] itsfall : l3f: should i really post this in here? [2017-02-08 11:43:48] l3f : Sure why not [2017-02-08 11:43:50] MichaelKade : faggot: Yeah bro, I'll download it now one second [2017-02-08 11:43:55] faggot : MichaelKade: Good [2017-02-08 11:43:59] faggot : lmk when [2017-02-08 11:44:07] itsfall : idk if this would be a good decision [2017-02-08 11:44:17] l3f : itsfall: I'll assume you're up [2017-02-08 11:44:25] l3f : because I want all of us to make money [2017-02-08 11:44:31] MichaelKade : all g one sec [2017-02-08 11:44:32] itsfall : l3f: thats right :) [2017-02-08 11:44:51] itsfall : l3f: but when did i place my long? ;) [2017-02-08 11:44:54] micmix : you can post your position, everyone here is always long anyway except few people [2017-02-08 11:45:24] l3f : "[2017-02-07 14:33:16] l3f : We need a dump + news to get rekt really hard [2017-02-07 14:33:23] l3f : China can't dump anymore" [2017-02-08 11:45:26] l3f : heh [2017-02-08 11:45:37] neox : lets drop to 880 and check this statement [2017-02-08 11:45:44] l3f : Well it looks like PBoC still has some ammo [2017-02-08 11:46:12] MichaelKade : faggot: yeah got it now [2017-02-08 11:46:13] faggot : l3f: No don't tell me that [2017-02-08 11:46:23] itsfall : l3f: all panic, nothing more [2017-02-08 11:46:44] micmix : it wasn't even PBoC ammo, traders just heard sounds of gunfire somewhere very far away ;-) [2017-02-08 11:46:50] faggot : MichaelKade: message me on twitter [2017-02-08 11:47:34] MichaelKade : faggot: Okay [2017-02-08 11:47:46] Dibbidooo : 10 contracts buy at 1023,sold at 1035 with 10x leverage, but only 0.0001? why not 0.001? [2017-02-08 11:48:05] Dibbidooo : revenue [2017-02-08 11:48:20] neox : 10 contract are 10 contraccts ... no matter if you buy them with 10x or 100x xD [2017-02-08 11:48:34] faggot : XD [2017-02-08 11:48:45] Dynamix : Dibbidooo: lololol I done the same mistake [2017-02-08 11:48:47] micmix : Dibbidooo: leverage doesn't affect profit, it's calculated using position size. use the calculator above order controls to check [2017-02-08 11:48:50] Dibbidooo : huh, whats leverage for then :D [2017-02-08 11:48:53] Dynamix : from 1000 to 900 with only 70 contracts [2017-02-08 11:48:55] Dynamix : at 50x lvg :)) [2017-02-08 11:49:01] Dibbidooo : ohhh [2017-02-08 11:49:04] Dynamix : Fucking bitmex :@@@@ [2017-02-08 11:49:27] Sultan Pepper : What the fuck did I wake up to [2017-02-08 11:49:28] micmix : Dynamix: don't blame bitmex, that's how leverage works everywhere [2017-02-08 11:49:37] Dynamix : not really [2017-02-08 11:49:44] Dynamix : I thought contracts is USD [2017-02-08 11:49:51] Dynamix : i usually traded on 1broker [2017-02-08 11:50:09] Dibbidooo : so got same result as normal buy but with Liquidation risk@ 10% change? ? [2017-02-08 11:50:32] micmix : exactly [2017-02-08 11:50:47] micmix : next time buy more [2017-02-08 11:50:50] Dibbidooo : makes sense... (not) but thx [2017-02-08 11:50:54] Dibbidooo : :D [2017-02-08 11:51:33] micmix : you can change leverage when you have open position, that will change liquidation price [2017-02-08 11:52:36] Sultan Pepper : I had limit orders all the way down. Why didn't they get sold to me? [2017-02-08 11:53:15] Dibbidooo : but then i could buy on normal exchange as bit, 1% change will be 1% Profit like everywhere too mhmmh [2017-02-08 11:55:16] micmix : Dibbidooo: no, you can deposit 1 bitcoin here and buy 100 bitcoin worth of contracts (100x leverage). can't do that on normal exchange [2017-02-08 11:55:56] Dibbidooo : ah, so its only for buying more, not 10x %, understood [2017-02-08 11:56:18] micmix : yep, buying/selling more than your balance [2017-02-08 11:56:22] neox : you own 1 BTC but with 10x leverage you can buy or sell 10 BTC [2017-02-08 11:56:31] neox : exactly [2017-02-08 11:56:32] Dibbidooo : to get more reven. i have to buy more as i nornally could with deposit [2017-02-08 11:56:46] Dibbidooo : now i got it [2017-02-08 11:57:11] micmix : yep, you got it. deposit 1 btc and start trading like you have 10 [2017-02-08 11:58:43] aethlios : last chance to buy cheap if this dump continue, but higher low expected, maybe quarterly 800 is a good buy. [2017-02-08 11:59:58] homen3 : who is the writer of bitmex contracts? [2017-02-08 12:00:37] internetexplorer : 1010 soon? [2017-02-08 12:01:17] Dynamix : internetexplorer: nop :) [2017-02-08 12:01:42] REKT : Liquidated long on `XBTUSD`: sell 1 @ 1035.37 :punch: :whale: [2017-02-08 12:02:18] BitFan : aethlios: you short now? [2017-02-08 12:02:40] shery : nice funding rate for shorters! [2017-02-08 12:02:48] aethlios : BitFan: no short, just try a long entry, now just trading the premium discount [2017-02-08 12:03:02] itsfall : aethlios: everybody's shorting [2017-02-08 12:03:13] itsfall : aethlios: i think we go down to 1000 or below [2017-02-08 12:04:07] aethlios : itsfall: lepen will win, build longs for that senario, wil kill euro. [2017-02-08 12:04:42] itsfall : aethlios: no long orders getting rekt now, because everyone's shorting the shit out [2017-02-08 12:04:54] itsfall : idk why they do that [2017-02-08 12:05:03] aethlios : itsfall: 805 long the cheaper, march or spot [2017-02-08 12:05:26] itsfall : what? [2017-02-08 12:08:07] aethlios : itsfall: 805 a nice long entry [2017-02-08 12:08:18] itsfall : you? [2017-02-08 12:08:43] aethlios : itsfall: I have no position, but I like 800 to go long. [2017-02-08 12:08:54] itsfall : oh ok [2017-02-08 12:08:55] itsfall : ^^ [2017-02-08 12:11:36] neox : ~.~ [2017-02-08 12:12:02] neox : so boring ... [2017-02-08 12:13:27] Dynamix : b tc to 1010 [2017-02-08 12:18:44] neox : Dynamix: do you have an open position? [2017-02-08 12:22:45] bg5 : ugh busy morning, traded the surf, was up but now down. probably wont trade again until news tomorrow [2017-02-08 12:25:17] REKT : Liquidated short on `XBTUSD`: buy 5000 @ 1035.57 [2017-02-08 12:30:40] itsfall : Rekt: another soul claimed [2017-02-08 12:31:08] Dynamix : lolol [2017-02-08 12:31:31] itsfall : yep [2017-02-08 12:38:53] rasdasd : long that COIN thing [2017-02-08 12:39:09] itsfall : rasdasd: so that you can short and rekt us? [2017-02-08 12:39:42] rasdasd : itsfall: if I only had enough money lol [2017-02-08 12:39:48] rasdasd : for that [2017-02-08 12:40:05] itsfall : rasdasd: maybe you have and try to troll, you know this is the trollbox [2017-02-08 12:40:35] rasdasd : you are probably short already [2017-02-08 12:41:14] itsfall : no i dont care about the c0in etf [2017-02-08 12:45:35] charlyko : short we go [2017-02-08 12:46:25] itsfall : long we go [2017-02-08 12:49:25] itsfall : charlyko: wanna get rekt? [2017-02-08 12:50:25] faggot : Is the calculator not working for anyone else? [2017-02-08 13:05:23] BitFan : okcoin doesn't move [2017-02-08 13:08:20] saint paul : mant longs rekt? [2017-02-08 13:08:24] saint paul : many [2017-02-08 13:08:47] neox : time to move the woodchipper into the other direction du crush some shorts? :D [2017-02-08 13:13:26] neox : https://www.youtube.com/watch?v=b30z0-a1FtQ [2017-02-08 13:15:02] aethlios : https://www.youtube.com/watch?v=CfBuvRk1thQ bulls now. [2017-02-08 13:15:33] bingbongfly : short squeeze back to 1100 imo [2017-02-08 13:15:39] BitFan : check this out http://www.coindesk.com/chinas-central-bank-meets-bitcoin-exchanges/ … [2017-02-08 13:15:57] itsfall : BitFan: possible fud? [2017-02-08 13:15:58] bingbongfly : nice, good stuff [2017-02-08 13:16:04] bingbongfly : It's positive news [2017-02-08 13:16:28] BitFan : well woodchipper and btcc didn't even participate [2017-02-08 13:17:34] BitFan : itsfall: we ll see [2017-02-08 13:17:48] itsfall : bingbongfly: the news are some hours old.. it caused the massive drop [2017-02-08 13:17:55] itsfall : BitFan: yep [2017-02-08 13:18:35] elmorte : >At press time, the price appeared to dip slightly on the news, [2017-02-08 13:18:44] elmorte : lol [2017-02-08 13:19:12] itsfall : elmorte: 80$, just a little bit [2017-02-08 13:19:13] itsfall : you know [2017-02-08 13:19:30] itsfall : ^^ [2017-02-08 13:19:53] elmorte : Chump change, really... [2017-02-08 13:20:14] elmorte : You can tell it's a crypto publication [2017-02-08 13:22:51] Ahhere : bingbongfly: market frozen.. what are these chinamen gonna say? seems gambly to bet big now. FUDalicious [2017-02-08 13:23:24] rapidtrades : has anyone traded at kraken on margin? [2017-02-08 13:24:44] saint paul : 920 in less than a week [2017-02-08 13:24:47] saint paul : I use margin on kraken [2017-02-08 13:24:49] saint paul : not bad [2017-02-08 13:24:54] saint paul : just enigne is too slow [2017-02-08 13:24:59] saint paul : sometimes [2017-02-08 13:25:18] l3f : rapidtrades: rapidshorts [2017-02-08 13:25:19] l3f : dump target? [2017-02-08 13:26:53] rapidtrades : 880 [2017-02-08 13:27:06] rapidtrades : saint paul: do they show ur liquidation price like on here? [2017-02-08 13:30:22] hh : Come on guys, when is the next dump? bring itn on!! [2017-02-08 13:30:54] yungyang : rapidtrades: vindication [2017-02-08 13:31:08] yungyang : wheres that queer hunt [2017-02-08 13:32:02] golem : I see the new product Bitcoin ETF. could you tell me what the pricing source is ? [2017-02-08 13:32:08] saint paul : rapidtrades: no [2017-02-08 13:32:18] saint paul : they have a % of your [2017-02-08 13:32:20] saint paul : margin left [2017-02-08 13:32:36] saint paul : at less than 40 % you get liquidated [2017-02-08 13:32:43] saint paul : or 20 % [2017-02-08 13:32:46] saint paul : i dont remember [2017-02-08 13:32:52] saint paul : never got the call [2017-02-08 13:33:04] y1uy : why is quarterly so low? [2017-02-08 13:33:06] y1uy : weird af [2017-02-08 13:33:49] golem : y1uy: funding rate negative 2x in a row [2017-02-08 13:35:08] y1uy : that means that u get 0.13% of your position? [2017-02-08 13:35:56] rapidtrades : saint paul: and when u get liquidated is there a penalty? like here u lose ur margin [2017-02-08 13:36:06] rapidtrades : or do they just dump on market [2017-02-08 13:36:16] rapidtrades : and give back whats left [2017-02-08 13:36:29] rapidtrades : cos 40% is rather higher [2017-02-08 13:36:32] rapidtrades : high* [2017-02-08 13:37:30] sleger : rapidtrades: should i change my chat name to nostradamus or god ? [2017-02-08 13:38:10] -_- : Quarterly so low because people don't learn. Last couple times it was at a discount it went to a premium. [2017-02-08 13:38:14] BitFan : sleger: Cryptodamus [2017-02-08 13:38:23] sleger : ahah [2017-02-08 13:38:43] BitFan : sleger: what did you predict? [2017-02-08 13:38:47] -_- : Maybe this time it's different. Keep shorting and find out [2017-02-08 13:38:55] sleger : BitFan: pretty much everything [2017-02-08 13:39:09] rapidtrades : nice call [2017-02-08 13:39:15] rapidtrades : almost got the top [2017-02-08 13:39:16] BitFan : sleger: so you shorted from 1060+? [2017-02-08 13:39:22] heheh lo : any TA guy here to share insights [2017-02-08 13:39:42] sleger : BitFan: i rarely short bitcoin, but i closed my long there yes, 1062 [2017-02-08 13:39:43] golem : y1uy: no [2017-02-08 13:40:01] sleger : rapidtrades: was there ADL this time ? [2017-02-08 13:40:11] rapidtrades : prolly not [2017-02-08 13:40:25] rapidtrades : my entry is too low to be ADLed [2017-02-08 13:40:56] sleger : if nobody complained then there wasnt [2017-02-08 13:41:02] BitFan : sleger: good call guess now you are flat [2017-02-08 13:41:12] rapidtrades : yeah nobody complained [2017-02-08 13:41:22] sleger : BitFan: no i got some shorts closed by adl towards the bottom [2017-02-08 13:41:32] sleger : so im actually long [2017-02-08 13:42:17] sleger : and with discount so big its more likely to go up [2017-02-08 13:42:24] BitFan : sleger: at least rapidtrades will pay you funding [2017-02-08 13:42:37] sleger : no im short the swap [2017-02-08 13:42:38] rapidtrades : BitFan: the hell i will [2017-02-08 13:42:45] BitFan : lol [2017-02-08 13:42:54] rapidtrades : I have planz b1tch, big planz [2017-02-08 13:43:15] sleger : huge discount, china 28$ ahead, i wouldnt be short [2017-02-08 13:43:50] rapidtrades : whats so huge about it? its only 14 [2017-02-08 13:44:01] sleger : rapidtrades: 12$ for 2 days [2017-02-08 13:44:11] rapidtrades : ah on okc u mean [2017-02-08 13:44:12] sleger : 40$ discount on quaterly [2017-02-08 13:44:24] rapidtrades : well they know shit man [2017-02-08 13:44:45] rapidtrades : if they're staying short, u know more shit is gonna go down over there [2017-02-08 13:45:31] 24hourz : XBTH17 is spooked look at that discount [2017-02-08 13:46:07] 24hourz : caught a knife and now the price is very spooked [2017-02-08 13:47:00] -_- : someone building a large position. open contracts almost back to 6 millions [2017-02-08 13:47:02] -_- : xbth17 [2017-02-08 13:47:45] rapidtrades : -_-: what was it before [2017-02-08 13:47:58] -_- : lowest i saw was 5,100,000 [2017-02-08 13:48:18] -_- : was around 6,200,000 before the dump [2017-02-08 13:50:42] -_- : this could go sideways for a while it seems [2017-02-08 13:50:49] rapidtrades : yikes...wtf march [2017-02-08 13:50:59] rapidtrades : just keeps sinking [2017-02-08 13:54:49] -_- : short might be the play [2017-02-08 13:55:07] -_- : gotta lot of longs looking to bail next time this goes under 1000 [2017-02-08 13:56:05] -_- : or else pump to squeeze dem shorts [2017-02-08 13:56:18] -_- : as this turns out to be a nice little shakeout [2017-02-08 13:57:46] sleger : rapidtrades: cryptokeeper was part right [2017-02-08 13:59:02] sleger : https://www.bloomberg.com/news/articles/2017-02-08/china-central-bank-said-to-call-bitcoin-exchanges-for-more-talks [2017-02-08 13:59:28] charlyko : shorting here. [2017-02-08 14:06:32] Snookie : Hi all [2017-02-08 14:06:47] Snookie : here is only about trading no exchange like Poloniex [2017-02-08 14:06:49] Snookie : ? [2017-02-08 14:08:49] BitMEX_Greg : Snookie: There is no exchange of funds here on BitMEX. You buy and sell derivative contracts denominated in Bitcoin [2017-02-08 14:09:21] Snookie : ok Thanks [2017-02-08 14:11:17] 24hourz : BitMEX_Greg: Is there an arbitrage system or is ti all based on funding cost ? [2017-02-08 14:13:39] BitMEX_Greg : 24hourz: We don't offer any arbitrage systems as such. Our XBTUSD swap product does have funding periods however [2017-02-08 14:14:54] Sultan Pepper : Not a good day. I totally shit the bed here last night, then woke up and actually shit the bed because of some nasty sandwich I ate... [2017-02-08 14:16:20] rapidgains : lol [2017-02-08 14:17:06] Sultan Pepper : I thought it was a fart [2017-02-08 14:17:15] Sultan Pepper : nope, chocolate rain [2017-02-08 14:17:23] rapidtrades : Sultan Pepper: why do u sleep naked nasty [2017-02-08 14:17:30] herpinator : Sultan Pepper: D: [2017-02-08 14:17:46] neox : why do we have to get this information from you ... damn son :( [2017-02-08 14:18:02] Sultan Pepper : i've slept naked my entire life! It's much more comfortable [2017-02-08 14:18:11] rapidtrades : eww [2017-02-08 14:18:15] Sultan Pepper : sorry for the deets [2017-02-08 14:18:39] Sultan Pepper : just figured i'd share my wonderful day [2017-02-08 14:19:19] Sultan Pepper : Rapidtrades: ever try it? I clean my sheets regularly [2017-02-08 14:20:03] startChat : What is Bitmex Index? [2017-02-08 14:20:35] Farzad : hey guys, does anyone remember what was the name of BTC future contract before XBTH17 ? [2017-02-08 14:20:55] martyix : XBTZ16 [2017-02-08 14:21:17] Sultan Pepper : Why *does* my leverage change when I have it on fixed? [2017-02-08 14:21:51] BitMEX_Wally : Sultan Pepper: Your effective leverage changes with unrealisedPNL [2017-02-08 14:21:54] Farzad : martyix: ty [2017-02-08 14:22:12] Sultan Pepper : ah ok, thanks [2017-02-08 14:22:19] sleger : Users:932, we might reach a new peak stupidity [2017-02-08 14:22:28] BitMEX_Wally : if you open a 100x position with 1% margin and it goes up 1% you now have 2% margin in the position so it's effective 50x [2017-02-08 14:23:16] aethlios : https://www.tradingview.com/x/HNUvE9Vk/ a retrace to 890-900 for spot. [2017-02-08 14:24:41] Sultan Pepper : Bitmex_Wally: how high can I ride up before ADL? [2017-02-08 14:24:53] itsfall : aethlios: when did you draw that? [2017-02-08 14:25:03] aethlios : itsfall: now. [2017-02-08 14:25:13] itsfall : aethlios: ok [2017-02-08 14:25:33] Farzad : I have a question guys, does the price of XBTH17 match spot price XBTUSD on expiry date ? [2017-02-08 14:26:02] startChat : XBTH17 is a XBT/USD futures contract settling on the .XBT30M Index. [2017-02-08 14:26:10] aethlios : Farzad: will match index, up the xbt/usd spot [2017-02-08 14:27:17] Farzad : Thanks [2017-02-08 14:28:33] aethlios : let's hope pboc will offer us a nice decent long entry below 900 [2017-02-08 14:29:51] l3f : aethlios: But they gave us 720 already [2017-02-08 14:30:46] Farzad : Please correct me if I am wrong, XBTH17 is 1027 and XBTUSD is 1037. so If I buy 1 BTC worth of XBTH17 and sell 1 BTC worth of XBTUSD right now and wait until settlement date, I will make $10, no matter what. am I correct ? (assume we have no funding) [2017-02-08 14:31:20] l3f : Farzad: Yep [2017-02-08 14:31:43] l3f : Market is in contango but there's no cost of carrying the goods [2017-02-08 14:32:04] rapidtrades : ofc there is a cost [2017-02-08 14:32:05] l3f : So you're free to arb that to your profit [2017-02-08 14:32:12] rapidtrades : f*cking newbs [2017-02-08 14:32:15] l3f : Fine, counterparty risk [2017-02-08 14:32:20] Farzad : actually it is in backwardation right now [2017-02-08 14:32:34] l3f : I always get those confused [2017-02-08 14:32:37] aethlios : Farzad: no you are wrong if xbtusd you ,ean the swap here, because funding can change the final P&L [2017-02-08 14:32:43] laisee : got that backwardss l3f [2017-02-08 14:33:02] l3f : laisee: yeah I messed that on up [2017-02-08 14:33:17] Farzad : aethlios: I said assuming we have no funding. [2017-02-08 14:33:56] aethlios : Farzad: buy okcoin march, sell spot finex or stamp and earn 40 to 50 usd [2017-02-08 14:34:07] itsfall : l3f: already rekt? ^^ [2017-02-08 14:34:10] laisee : no worries /// tie to buy XBTH17 & sell spot [2017-02-08 14:36:21] Farzad : aethlios: What is woodchipper ? [2017-02-08 14:36:36] aethlios : Farzad: O K C O I N [2017-02-08 14:37:02] neox : PBoC is the woodchipper here :D [2017-02-08 14:37:34] l3f : itsfall: yep :((((( [2017-02-08 14:37:36] aethlios : pboc interventions will have a lower effect each time [2017-02-08 14:37:49] itsfall : l3f: i'm sorry for your loss [2017-02-08 14:38:07] 24hourz : become immune through desensitizing by the PBOC [2017-02-08 14:38:12] l3f : itsfall: donate to my rebuild fund [2017-02-08 14:38:25] itsfall : l3f: or to mine [2017-02-08 14:38:26] itsfall : :P [2017-02-08 14:38:31] aethlios : pboc is bailing out shorts [2017-02-08 14:38:48] golem : BitMEX_Wally: can you tell me what is a Price source for your new product Bitcoin ETF ? [2017-02-08 14:38:52] neox : my rebuilding fund was opened first! so pay to mine :P [2017-02-08 14:40:12] neox : need money to troll everyone :O [2017-02-08 14:40:37] l3f : aethlios: I think btc will fully retrace that dump in about 12 hours [2017-02-08 14:41:11] Adriana : Longing Swap and shorting XBTH17 has become a better practice [2017-02-08 14:41:16] aethlios : l3f: if no new update from pboc yes probably. [2017-02-08 14:41:45] l3f : As long as PBoC doesn't bring all the shorts to the yard [2017-02-08 14:42:13] aethlios : l3f: the short whale on march must be well informed from inside [2017-02-08 14:42:38] l3f : aethlios: At the risk of sounding absolutely retarded [2017-02-08 14:42:41] itsfall : aethlios: i also think that [2017-02-08 14:42:42] l3f : it won't be like last time [2017-02-08 14:42:47] l3f : no naked shorts [2017-02-08 14:42:53] l3f : no margin liquidation cascade explosions [2017-02-08 14:42:59] cryptokeeper : morning morning [2017-02-08 14:43:00] l3f : no body holds btc in China [2017-02-08 14:43:25] l3f : The fact they managed to dump this much down is already surprising [2017-02-08 14:43:50] aethlios : 14 btc discount weekly, nice arb for 36 hours. [2017-02-08 14:43:57] aethlios : 14 usd i mean [2017-02-08 14:44:19] l3f : aethlios: I need a bot like bitmexrekt that let's us get in on the news fast [2017-02-08 14:44:29] l3f : same time as non-insiders [2017-02-08 14:44:41] l3f : We'll have that soon :) [2017-02-08 14:44:52] itsfall : l3f: that's a good idea [2017-02-08 14:44:54] itsfall : :) [2017-02-08 14:45:04] itsfall : l3f: how you know we'll have that soon? [2017-02-08 14:45:14] l3f : I'm writing it [2017-02-08 14:45:23] itsfall : l3f: can i help? which lang? [2017-02-08 14:45:26] itsfall : :P [2017-02-08 14:45:33] l3f : itsfall: nah I'm good [2017-02-08 14:45:38] itsfall : l3f: okay [2017-02-08 14:45:53] aethlios : l3f: bitmex should fix a news bot that runs in the trollbox or in a newsbox. [2017-02-08 14:46:05] aethlios : will attract customers [2017-02-08 14:46:14] l3f : aethlios: hey that's paid information! [2017-02-08 14:46:21] l3f : this ain't bloomberg terminal [2017-02-08 14:46:27] aethlios : we pay fees [2017-02-08 14:46:32] l3f : FUNDING [2017-02-08 14:46:40] l3f : and gaping spread [2017-02-08 14:46:56] 24hourz : BITMEX terminal services [2017-02-08 14:47:05] 24hourz : Ill take 3 keyboards and 12 screens [2017-02-08 14:47:28] aethlios : volume is very high now, multiple than 6 months before. [2017-02-08 14:47:38] l3f : We know we've made it once btc's on bloomberg term [2017-02-08 14:47:57] l3f : when the real trader rekt us left right and center [2017-02-08 14:48:37] l3f : when you're up against GS and all the other investment banks it's time to take your millions in btc and run the fuck away [2017-02-08 14:49:06] 24hourz : naw brah [2017-02-08 14:49:11] 24hourz : time to ball on them [2017-02-08 14:57:51] itsfall : bloomberg knew the dump is happening, they posted 2min after the drop [2017-02-08 14:58:01] itsfall : inside job [2017-02-08 14:58:10] itsfall : pboc, bloomberg, chinese investors [2017-02-08 14:58:16] itsfall : conspiracy [2017-02-08 14:58:22] neox : damn insiders ... burn them all in hell :D [2017-02-08 14:58:28] itsfall : + [2017-02-08 14:58:29] itsfall : +1 [2017-02-08 14:58:45] neox : put them all into a burning skycastle and let them fall from their sky [2017-02-08 14:58:57] 24hourz : id pay just for the news api relating to crypto on bloomberg