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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[2017-02-12 17:50:15] Cromage : Hi all, who can explain me the limit and risks of 100x leverage? For example if I deposit 1 BTC=1000$, can I make a long of 0.5=500$ with 100x leverage?
[2017-02-12 17:50:46] -_- : yes you pick the # of contracts you want to buy or sell
[2017-02-12 17:50:52] -_- : long / short
[2017-02-12 17:53:59] Cromage : so with 100x leverage is not a problem if I pick contracts that value half of my total account?
[2017-02-12 17:54:47] -_- : right. as long as you are not on Cross and pick 100x then you'll be fine
[2017-02-12 17:56:02] Cromage : sorry but I don't understand, what do you mean with on cross? thanks for your help
[2017-02-12 18:01:11] Dynamix : BTC Going up to new highs every monday ;)
[2017-02-12 18:01:24] sleger : like jesus, he was on a cross, wasnt good for him
[2017-02-12 18:02:04] Cromage : ahahah
[2017-02-12 18:02:08] thomaskikansha : you can rip your account with cross margin
[2017-02-12 18:03:24] Nooby : Cromage: send me 1 btc i will show you :P
[2017-02-12 18:03:59] Cromage : no xD
[2017-02-12 18:04:06] Nooby : just kidding, be careful with leverage, specially with 100!!! cross is better to begin
[2017-02-12 18:04:17] ThruTheFloor : why
[2017-02-12 18:04:51] Nooby : lol try and you will understand by yourself
[2017-02-12 18:05:10] Sultan Pepper : It gives you a lower liq. price, but it will drain your whole account if you hit it
[2017-02-12 18:05:15] Nooby : you can earn more but you can loose fast and much more!!
[2017-02-12 18:05:39] Cromage : Is there a paper trading of this site?
[2017-02-12 18:05:50] Nooby : evrything is explained
[2017-02-12 18:06:02] Sultan Pepper : Testnet.bitmex
[2017-02-12 18:06:05] ThruTheFloor : Don't you lose everything hitting liq price with a high leverage anyway
[2017-02-12 18:06:06] Sultan Pepper : try that
[2017-02-12 18:06:07] Nooby : yes
[2017-02-12 18:06:31] Dynamix : we going up
[2017-02-12 18:06:32] Dynamix : ;)
[2017-02-12 18:06:35] Dynamix : real soon
[2017-02-12 18:06:37] Dynamix : :)
[2017-02-12 18:06:54] Nooby : if you buy at 900, with leverage your liq price will be 850, without leverage it will be 650 for example
[2017-02-12 18:06:54] Cromage : I saw https://testnet.bitmex.com/ but I need to deposit O.o this is not papertrading xD
[2017-02-12 18:06:55] Dynamix : 1010 testing again
[2017-02-12 18:06:59] Sultan Pepper : if you use 10% of your account for a 100x and get called, you will lose 10% of your account
[2017-02-12 18:07:25] Sultan Pepper : Cromage: find a faucet for test coins
[2017-02-12 18:07:33] Sultan Pepper : they are listed
[2017-02-12 18:07:35] MikeHunt : on bitmex everyone time it drops u see very small 0.xxx purchases at higher prices as if they are trying to keep it up
[2017-02-12 18:07:43] MikeHunt : bitstamp*
[2017-02-12 18:07:54] Sultan Pepper : i recommend you add the same amount as your real account
[2017-02-12 18:08:00] Nooby : lol no more pump guys, game over
[2017-02-12 18:08:01] Dynamix : Sultan Pepper: 100x is risky
[2017-02-12 18:08:08] Sultan Pepper : yes
[2017-02-12 18:08:29] Dynamix : atm it is trading right in between resistance and support
[2017-02-12 18:08:35] Sultan Pepper : my first move ever was 100x. It was also my last 100x
[2017-02-12 18:08:44] Sinterklaas : Sultan Pepper: haha
[2017-02-12 18:08:46] Cromage : why?
[2017-02-12 18:09:04] Sultan Pepper : Straight to bone zone
[2017-02-12 18:09:28] Sultan Pepper : 100x is 0 or hero, with 0 being the likely outcome
[2017-02-12 18:09:33] Sinterklaas : Sultan Pepper: me too: made 14BTC in one hour and lost it the next+my 0riginal 5 btc
[2017-02-12 18:09:49] Sultan Pepper : Sinterklaas: daaaang
[2017-02-12 18:09:51] Nooby : if you really want to figure out how it is to be on leverage 100 and be REKT, you can send me your bitcoin and you will feel the same as when you are REKT lol
[2017-02-12 18:10:09] thomaskikansha : the fee is huge also
[2017-02-12 18:10:16] Sinterklaas : i thought i was the new wolf of wall street, already order my Boat and Helicopter.. @Sultan Pepper
[2017-02-12 18:10:27] Sultan Pepper : But really, go 100x on testnet and pretend it's real money. You'll see
[2017-02-12 18:10:39] ThruTheFloor : testnet?
[2017-02-12 18:10:48] Cromage : on testnet i can't trade, they need a deposit
[2017-02-12 18:11:05] Sultan Pepper : testnet.bitmex.com they list faucets to start test coins from
[2017-02-12 18:11:10] Nooby : try faucet to get some satoshi
[2017-02-12 18:11:48] Nooby : or you can send me some dollars through paypal 100$ for 10 satoshis LOL
[2017-02-12 18:14:07] Sultan Pepper : Deposit here: 3BMEXnzCNPhQrQjDrv6YpmSefTMWShpZYB to simulate the 100x leverage rekt outcome
[2017-02-12 18:14:26] Sultan Pepper : but really, don't do that
[2017-02-12 18:14:37] -_- : testnet deposit page has 3 links for faucets
[2017-02-12 18:14:50] -_- : go to the faucet website and enter your testnet address
[2017-02-12 18:15:02] -_- : wait a minute and you'll have btc
[2017-02-12 18:16:13] rullwull : another huge buy order at okc quarterly
[2017-02-12 18:16:56] -_- : no rullwull
[2017-02-12 18:17:01] Nutella : noone here has many, all poors
[2017-02-12 18:17:02] -_- : you are wrong
[2017-02-12 18:17:10] Sinterklaas : rullwull: stop rulwull stop
[2017-02-12 18:17:42] -_- : oh rullwull you mean buy wall
[2017-02-12 18:17:55] -_- : 9,034
[2017-02-12 18:18:02] rullwull : -_-: yeah
[2017-02-12 18:18:04] Ahhere : yes there is a 9034 wall sitting there ladies
[2017-02-12 18:18:25] rullwull : 10K already filled
[2017-02-12 18:18:30] rullwull : its another 10K
[2017-02-12 18:18:54] Ahhere : with about 7k 15 dollars lower
[2017-02-12 18:19:07] Ahhere : wall
[2017-02-12 18:21:20] -_- : ETH, XMR, LTC are the 3 I'm watching for a pump if BTC isn't going to pump while China withdraws are disabled
[2017-02-12 18:22:33] Ahhere : -_-: i have all 3 except the last which I gave up on. Segwit i guess legitmizes it.
[2017-02-12 18:22:42] MikeHunt : if its not above 1014 on bitstamp by noon tomoz i'd expect a dump
[2017-02-12 18:23:26] -_- : I'm giving segwit about 10 more days to increase their percentage a lot for LTC. hopefully the pools get everything updated and almost every block is signaling soon
[2017-02-12 18:24:30] rapidtrades : hahaha ppl are already manipulating the btce price to win betting
[2017-02-12 18:25:04] Sultan Pepper : Anyone else here an old Bimmer fan?
[2017-02-12 18:25:15] Ahhere : Sultan Pepper: i have old mercs
[2017-02-12 18:25:23] Sultan Pepper : Just as cool
[2017-02-12 18:25:24] rullwull : i have lots of LTC purchased at 16CNY
[2017-02-12 18:25:31] Ahhere : love early 3 series tho
[2017-02-12 18:25:47] Sultan Pepper : i've always been a saloon guy myself
[2017-02-12 18:26:08] Sultan Pepper : e39 528i Daily driver right now
[2017-02-12 18:26:37] Sultan Pepper : E28 540 m-sport dream car :drool:
[2017-02-12 18:26:59] Sultan Pepper : that'll be my btc car one day
[2017-02-12 18:27:12] Ahhere : Sultan Pepper: gorgeous, daily driver very underrated
[2017-02-12 18:27:40] Sinterklaas : e30 convertible M3
[2017-02-12 18:27:58] Ahhere : my dad had a gorgeous 5 series from 80s not sure the e model
[2017-02-12 18:28:00] Ahhere : 525
[2017-02-12 18:28:06] Sultan Pepper : She's finicky at times, but I've fixed most of the major problems
[2017-02-12 18:28:17] Sultan Pepper : 5s are life :D
[2017-02-12 18:28:28] Ahhere : haha yeah great cars
[2017-02-12 18:28:34] sleger : rs6 > any bmw5
[2017-02-12 18:28:35] Sultan Pepper : but I want that v8
[2017-02-12 18:29:12] Ahhere : I used to have a 645 but tax was crazy and not convenient for kiddies in back
[2017-02-12 18:29:14] Sultan Pepper : sleger: yeah, some people like new cars...
[2017-02-12 18:29:26] Ahhere : sleger: is that ur ride sleger?
[2017-02-12 18:29:38] sleger : no car here
[2017-02-12 18:29:44] Ahhere : hovercraft?
[2017-02-12 18:29:53] MikeHunt : french stereotype suggests a moped
[2017-02-12 18:29:56] Sultan Pepper : hoverboard, more like
[2017-02-12 18:30:02] Ahhere : lols
[2017-02-12 18:30:06] sleger : i only bought one car in my life, a maserati, I wrecked it in 10 days
[2017-02-12 18:30:12] Sultan Pepper : MikeHunt: oooh love mopeds
[2017-02-12 18:30:44] Sultan Pepper : sleger: top speed?
[2017-02-12 18:30:45] Ahhere : sleger: wow what maserati?
[2017-02-12 18:30:53] rullwull : maserati is shit
[2017-02-12 18:30:58] sleger : granturismo
[2017-02-12 18:31:07] Sultan Pepper : sleger: close to 185mph or so?
[2017-02-12 18:31:19] sleger : i did 270 but it goes higher (kmh)
[2017-02-12 18:31:34] Sultan Pepper : Still got your license?
[2017-02-12 18:31:34] Ahhere : sleger: yes gorgeous cars, 2017 model looks lovely
[2017-02-12 18:31:46] rullwull : i drive cayeenne
[2017-02-12 18:31:55] Sultan Pepper : rullwull: you like it?
[2017-02-12 18:32:13] Sultan Pepper : They sure sound nice
[2017-02-12 18:32:32] rullwull : Sultan Pepper: perfect
[2017-02-12 18:32:42] sleger : then I damaged (not totalled) a gallardo, but it was a rental hehe
[2017-02-12 18:32:55] Sultan Pepper : Rental insurance?!
[2017-02-12 18:32:56] sleger : not sure if I should buy another car :D
[2017-02-12 18:33:10] sleger : yeah i didnt pay anything for either crash
[2017-02-12 18:33:11] Ahhere : rullwull: I had one of the early ones really big and not as pretty as the newer models
[2017-02-12 18:33:15] Sultan Pepper : sleger: get a moby
[2017-02-12 18:33:29] Ahhere : sleger: sounds like you should skip it
[2017-02-12 18:33:40] sleger : never had any issue with ferrari rentals though
[2017-02-12 18:33:42] Ahhere : defo skip the moby with your history
[2017-02-12 18:34:10] rullwull : cayeenne is not so big comparing with range rover for example
[2017-02-12 18:34:17] Nutella : sleger: oh so u have many?
[2017-02-12 18:34:27] sleger : i have none
[2017-02-12 18:34:38] Nutella : $$$?
[2017-02-12 18:34:47] Ahhere : rullwull: true I saw a nice black one today with 'sunglasses style' windscreen caught my eye
[2017-02-12 18:35:02] Ahhere : 2014 cayenne that is
[2017-02-12 18:35:13] rullwull : mine is 2013
[2017-02-12 18:35:49] Ahhere : yeah much nicer than the older shape
[2017-02-12 18:35:49] Sultan Pepper : I almost bought a mini sportsman, but settled on a vw turbo wagon
[2017-02-12 18:36:23] Ahhere : Sultan Pepper: is taht fast?
[2017-02-12 18:36:45] Sultan Pepper : Nah, but it could be pretty quick with an ecu tune
[2017-02-12 18:36:57] sleger : quick to die
[2017-02-12 18:36:59] Sultan Pepper : i had to get manual, of course
[2017-02-12 18:37:04] sleger : and not pass emission tests
[2017-02-12 18:37:12] Sultan Pepper : sleger: I have the gasser
[2017-02-12 18:37:27] Sultan Pepper : sleger: diesel sloooow
[2017-02-12 18:38:57] Sultan Pepper : Room for my bmx bike, dog, wife, future kid, AND groceries
[2017-02-12 18:39:11] Ahhere : when is the kid guy?
[2017-02-12 18:39:36] Sultan Pepper : About 9mo out I'd say
[2017-02-12 18:39:48] Ahhere : lol good luck
[2017-02-12 18:40:01] Sultan Pepper : Thanks! :D
[2017-02-12 18:41:00] MikeHunt : what u guys think about bmw x1 for lazy fat ass?
[2017-02-12 18:41:39] Sultan Pepper : Never liked the SUVs personally
[2017-02-12 18:42:04] Ahhere : Sultan Pepper: wow that e28 sounds crazy https://www.youtube.com/watch?v=lGpzyfQl_B0
[2017-02-12 18:42:24] Sultan Pepper : If you buy new, be prepared to fork out some dough for repairs. If you buy old, be prepared to get your hands dirty
[2017-02-12 18:42:38] Sultan Pepper : Ahhere: yes. Yes. Yes.
[2017-02-12 18:43:06] Ahhere : getaway car nobody will catch you or your bmx bike, dog, wife, future kid, AND groceries
[2017-02-12 18:43:19] Sultan Pepper : Hahaha
[2017-02-12 18:43:56] Sultan Pepper : i heard that motor compared to American v8s that actually studied in school
[2017-02-12 18:45:23] Ahhere : i have a late 70s sl 4.5 litre sounds nothing like that but it does growl
[2017-02-12 18:46:03] Sultan Pepper : Ooh dang
[2017-02-12 18:47:29] Ahhere : would love a pagoda sl those fuckers are so classy but seems none for less than €70k really
[2017-02-12 18:48:33] Sultan Pepper : I drove this old fiat panda awd manual through the Italian alps, and it was seriously the most fun driving I've had
[2017-02-12 18:48:48] Sultan Pepper : in a Cheap-ass car to boot
[2017-02-12 18:49:12] Ahhere : wow sounds awesome fiat have made some smashing abarth or whatever their fancy range is called
[2017-02-12 18:50:02] Ahhere : right gotta run
[2017-02-12 18:50:07] Sultan Pepper : Yeah those are pretty nasty
[2017-02-12 18:50:15] Sultan Pepper : later!
[2017-02-12 18:52:31] Sultan Pepper : So how about this sideway?
[2017-02-12 18:52:45] Sultan Pepper : almost looking rectangular on the 15
[2017-02-12 18:53:44] Sultan Pepper : Bbands gettin' springy on the 1h
[2017-02-12 18:57:45] Sinterklaas : Sultan Pepper: you at Milan area?
[2017-02-12 18:57:57] Sultan Pepper : I was, yeah
[2017-02-12 18:58:31] Sultan Pepper : i drove from lago d'orta to cinque terre
[2017-02-12 18:59:07] Sinterklaas : ah nice!, Italy is one of the best countrys for holiday
[2017-02-12 18:59:25] Sultan Pepper : Yeah it is
[2017-02-12 19:01:07] Sultan Pepper : i saw a classical concert on an island in the middle of a giant lake in a church during a thunderstorm
[2017-02-12 19:01:20] Sultan Pepper : visceral, to say the least
[2017-02-12 19:02:41] Cromage : are you italian? xD
[2017-02-12 19:02:52] Sultan Pepper : I wish
[2017-02-12 19:03:22] Sultan Pepper : I'm just a guy that spends most of his money on traveling
[2017-02-12 19:03:28] Cromage : where are you from?
[2017-02-12 19:03:36] Cromage : I live near Milano
[2017-02-12 19:04:15] Sultan Pepper : i'd rather not say where I live now, but I was born in the states
[2017-02-12 19:05:42] Sultan Pepper : Cromage: Milano's nice. My wife and I are talking of moving to Treviso
[2017-02-12 19:06:06] Sultan Pepper : Omegna is my favorite though
[2017-02-12 19:06:17] Cromage : Milano is the best city in Italy for shopping
[2017-02-12 19:07:03] Cromage : and ofc the most international italian city
[2017-02-12 19:07:32] Sultan Pepper : Yeah, the water was a bit dissapointing though. Ever been to Omegna? The canals are fresh out of the mountains and crystal clear
[2017-02-12 19:07:53] Cromage : I don't know Omegna, sorry!
[2017-02-12 19:08:04] Cromage : now I search it on gmaps
[2017-02-12 19:08:44] Cromage : it's on the top of Lake d'Orta
[2017-02-12 19:08:52] Sultan Pepper : Take a day trip if you can. Go when it's hot because the lake is like ice year-round
[2017-02-12 19:09:01] Sultan Pepper : yep
[2017-02-12 19:10:01] Cromage : go to Venice if you want to see canals xD
[2017-02-12 19:10:07] Sultan Pepper : You can almost see the bottom of that lake in the daylight
[2017-02-12 19:10:24] Sultan Pepper : Blegh, Venice is G-Ross
[2017-02-12 19:10:48] Sultan Pepper : So many better places
[2017-02-12 19:11:09] Cromage : i think you like nature
[2017-02-12 19:11:10] Cromage : so ok
[2017-02-12 19:11:24] Sultan Pepper : Haha yeah, I'm a fan
[2017-02-12 19:11:29] Sinterklaas : I love Roma
[2017-02-12 19:11:38] Sinterklaas : been there 15x at least
[2017-02-12 19:11:50] Sultan Pepper : Never been, actually
[2017-02-12 19:11:54] Sinterklaas : only 3 hour flight from Amsterdam
[2017-02-12 19:14:12] Sultan Pepper : Hamburg is one of my favorite cities
[2017-02-12 19:15:10] Sultan Pepper : Die Schanze ❤️
[2017-02-12 19:15:54] Sultan Pepper : Got picked in Die Rota Flora
[2017-02-12 19:16:49] Sultan Pepper : And went to a rave in a cement bunker with metre-thick walls
[2017-02-12 19:16:59] Sinterklaas : that good!!
[2017-02-12 19:17:08] Sinterklaas : i love the german raves
[2017-02-12 19:17:26] Sinterklaas : together with Molly offcourse
[2017-02-12 19:17:56] Sultan Pepper : Ridiculously fun. Fog so thick you can't see and it's the bass that makes you not be able to breathe
[2017-02-12 19:18:44] Sultan Pepper : Suicide-proof bathrooms
[2017-02-12 19:32:55] y1uy : looks like we aint dropping yet after all
[2017-02-12 19:33:22] Sinterklaas : y1uy: ahahahah
[2017-02-12 19:33:24] y1uy : if we drop below 990 longs will have a hard time
[2017-02-12 19:34:00] Ahhere : y1uy: sideways is the new bullish
[2017-02-12 19:34:39] BTCDJS : Bulls give up. Just sell so we can all catch the price at 880 and go up to 1400 from there
[2017-02-12 19:35:07] Sinterklaas : Coval
[2017-02-12 19:35:31] y1uy : we have major resistance at 990-995 so if we cant break that we goin only up
[2017-02-12 19:36:28] Ahhere : ^gets it
[2017-02-12 19:36:47] Sinterklaas : Ahhere: who?
[2017-02-12 19:36:59] Ahhere : y1uy:
[2017-02-12 19:38:33] MikeHunt : http://i.imgur.com/ki4iPm9.png
[2017-02-12 19:38:35] MikeHunt : ?
[2017-02-12 19:39:04] Sultan Pepper : MikeHunt: lol
[2017-02-12 19:39:16] Sultan Pepper : that's me drowning^
[2017-02-12 19:40:11] MikeHunt : Sultan Pepper: u long?
[2017-02-12 19:40:43] BTCDJS : I'm long and short so doesn't matter to me. But this is boring. At least give yourself a chance to buy lower
[2017-02-12 19:41:35] tintin : hi
[2017-02-12 19:41:49] BTCDJS : Hi
[2017-02-12 19:41:53] Sinterklaas : tintin: hi
[2017-02-12 19:42:04] Ahhere : tintin: hej
[2017-02-12 19:43:46] y1uy : god damn it
[2017-02-12 19:43:49] y1uy : bitcoin y u so boring
[2017-02-12 19:44:03] y1uy : its like watching paint dry
[2017-02-12 19:44:23] MadDog : Right, I haven't even got rekt yet
[2017-02-12 19:44:36] MikeHunt : stamp trying to cling on to 1k
[2017-02-12 19:45:39] y1uy : MadDog: are u long nog?
[2017-02-12 19:45:46] Papou : you know it stalling at this level further reinforces we will go up
[2017-02-12 19:45:56] MadDog : 12 contracts, just practicing right now
[2017-02-12 19:46:03] MadDog : waiting for an opportunity
[2017-02-12 19:46:18] Papou : this is the opportunity, below 1k...
[2017-02-12 19:46:31] y1uy : MadDog: good bro, gotta perfect your game first
[2017-02-12 19:46:34] Papou : ur trying to catch a high levelrage perfect swing....
[2017-02-12 19:46:54] MadDog : yes
[2017-02-12 19:47:02] Papou : i can guarantee you if you buy bitcoin at 1k and hold it you will make more money overall than trying to catch every little swing
[2017-02-12 19:47:16] y1uy : true
[2017-02-12 19:47:16] MikeHunt : 1k seems rather polarizing
[2017-02-12 19:47:22] MadDog : Well we were just at 750 so I don't feel safe buying 1k
[2017-02-12 19:47:33] Papou : for a few seconds?
[2017-02-12 19:47:48] y1uy : pboc fud did not break up the bull trend
[2017-02-12 19:47:53] MadDog : I just gotta wait until a sure thing.. and this surely isn't sure
[2017-02-12 19:47:54] y1uy : so 1k is not so polarizing ;)
[2017-02-12 19:48:08] Papou : that should scare ppl
[2017-02-12 19:48:19] MikeHunt : y1uy: it seems to have split the community into perma bulls/bears atm
[2017-02-12 19:48:20] Papou : especially the bitstamp madness the other day, some serious people wanted to get an early position
[2017-02-12 19:48:38] MikeHunt : Papou: its ETF mania imo
[2017-02-12 19:48:46] Papou : no mike its called a deflationary asset
[2017-02-12 19:49:11] y1uy : MikeHunt: yerah, and its kinda stupid to think bitcoin will dump to 760-800.. i mean whats the reasoning behind that? no signs of bulltrend ending
[2017-02-12 19:49:12] Papou : that grows more difficult each day for the miners as well as less and less produced as well as more and more people buying and pulling off market
[2017-02-12 19:49:15] Sinterklaas : Papou: hold on to BTC is the best
[2017-02-12 19:49:20] Papou : yup
[2017-02-12 19:49:24] Papou : just go overall net long
[2017-02-12 19:49:33] Papou : at a safe leverage, recommend 5x or less
[2017-02-12 19:49:35] Papou : and add on dumps
[2017-02-12 19:49:37] MikeHunt : Papou: the difficulty is artificial
[2017-02-12 19:49:48] MikeHunt : its not like gold where it's actually hard to find
[2017-02-12 19:49:50] Sinterklaas : what is your opinion on "cutting" the BTC through 1000
[2017-02-12 19:49:51] Papou : lol mike, if u watched the video i posted yest, u would see
[2017-02-12 19:49:57] Papou : bitcoin is still in mining phase
[2017-02-12 19:50:06] y1uy : ok guys stop shilling, u pumping the price and i need to close my short
[2017-02-12 19:50:06] MikeHunt : Papou: i did, its all marketting by hypers and HODLers
[2017-02-12 19:50:10] Papou : miners are tryign to get a placehold on hashrate
[2017-02-12 19:50:29] Papou : there is serious money going in bitcoin infrastrucuture
[2017-02-12 19:50:33] Papou : consider buying at 1k a blessing soon
[2017-02-12 19:51:02] Papou : your best bet if you want guaranteed profit is buy now, give yourself a safe liqquidation and keep buying on the dumps
[2017-02-12 19:51:02] MikeHunt : Papou: at the end of the day its a virtual currency of no physical value beyond the faith that others will accept it for real assets or fiat
[2017-02-12 19:51:07] Sinterklaas : yes it is, BTC will go 5x within a few years
[2017-02-12 19:51:11] Papou : mike everything in life is that way
[2017-02-12 19:51:26] Papou : every single material item has a market value of supply and demand
[2017-02-12 19:51:31] MikeHunt : Papou: gold has shown to outlast fake currencies
[2017-02-12 19:51:37] Papou : bottle of waters go for 1 dollar because thats what people are willing to pay
[2017-02-12 19:52:00] Papou : gold was used to store value because it was indestructable and limited
[2017-02-12 19:52:06] Papou : and can be controlled by the ruling class
[2017-02-12 19:52:09] Papou : its supply
[2017-02-12 19:52:13] Papou : gold has fake value
[2017-02-12 19:52:17] Papou : because its supply is endless
[2017-02-12 19:52:17] Ahhere : Papou: this China ban bitcoin scare is a world apart from that of 2013. >1k lasted much less, mtgox was the main exchange vs many today. people expect a rerun it's mad.
[2017-02-12 19:52:19] Papou : just keep mining it
[2017-02-12 19:52:23] Papou : bitcoin is fixed supply
[2017-02-12 19:52:25] Papou : much different
[2017-02-12 19:52:27] Papou : and actually has use
[2017-02-12 19:52:36] MikeHunt : Papou: mining has actually got harder for gold over time as demand has increased
[2017-02-12 19:52:41] Papou : lol right
[2017-02-12 19:52:48] MikeHunt : Papou: look into gold mining and ull see
[2017-02-12 19:52:51] Ahhere : /shill
[2017-02-12 19:52:59] MikeHunt : didnt u tell ppl to buy btc at 1006 yesterday?
[2017-02-12 19:53:03] Papou : earth makes endless gold
[2017-02-12 19:53:09] Papou : mike im not giving day trading advice
[2017-02-12 19:53:13] Papou : im giving investment advice
[2017-02-12 19:53:20] MikeHunt : Papou: fact: you said long 1006 yesterday
[2017-02-12 19:53:22] Papou : u wanna play 10$ swings at 100x leverage to make a few bucks, do it
[2017-02-12 19:53:24] Papou : thats called gambling
[2017-02-12 19:55:00] Papou : what im saying is its much smarter to go overall long, reduce ur position in profit at resistances, and restock on the dumps
[2017-02-12 19:55:04] Papou : because overall long term its up
[2017-02-12 19:55:17] Papou : its not wise to constantly go full enter and exits long/short
[2017-02-12 19:55:21] Papou : thats how u get burned
[2017-02-12 19:55:25] Papou : but if u been bull since 600
[2017-02-12 19:55:30] Papou : kept buying small with the pump
[2017-02-12 19:55:39] Papou : then reduced between 1040-1080
[2017-02-12 19:55:51] Papou : and rebought the dips since we all know they drop way below they are supposed to
[2017-02-12 19:55:52] MikeHunt : Papou: on a long time frame 1k buy could make sense
[2017-02-12 19:55:53] Papou : u are the winner
[2017-02-12 19:56:00] Papou : not trying to catch a long, thena short, then a long, then a short
[2017-02-12 19:56:02] sleger : u are sleger
[2017-02-12 19:56:05] Papou : just go long, reduce, rebuy, reduce
[2017-02-12 19:56:25] tintin : where do i click to trade XBTH17 ?
[2017-02-12 19:57:07] tintin : i c XBT perpetual swap and some xbc yuan stuff... but no XBTH17
[2017-02-12 19:57:34] Papou : fuck it trade how u guys want, u guys are the real mvp's and make the profits possible
[2017-02-12 19:57:36] tintin : never mind. found it
[2017-02-12 19:57:37] Papou : with ur emotional long/shorts
[2017-02-12 19:57:49] Papou : constantly cutting losses on bait and switches
[2017-02-12 19:57:54] y1uy : stamp dumping a bit
[2017-02-12 19:58:04] MikeHunt : Papou: i shorted at 1006 and i got 50%+ RoE so at least in short term, its working
[2017-02-12 19:58:06] Papou : boom, now ppl gonna dump out
[2017-02-12 19:58:15] Papou : thenits gonna retrace, and they rebuy in
[2017-02-12 19:58:17] Papou : lol wtf
[2017-02-12 19:58:23] y1uy : would be a nice retrace
[2017-02-12 19:58:48] Papou : or u couldve been long since 930, sold off a bit above 1000
[2017-02-12 19:58:52] Papou : and slowly rebuy in the dumps
[2017-02-12 19:58:56] Papou : wouldve been much better mike
[2017-02-12 19:59:16] REKT : Liquidated short on `XBCH17`: buy 22500 @ 6733.0
[2017-02-12 19:59:27] MikeHunt : Papou: in hindsight yes but i was too dumb to catch that back then
[2017-02-12 19:59:55] Papou : because u are literally trying to catch the top and bottom of every wave
[2017-02-12 20:00:03] Papou : so start fresh
[2017-02-12 20:00:12] sleger : MikeHunt: are you saying you are less dumb now ?
[2017-02-12 20:00:17] Papou : like example, u have 1 btc on your account right now
[2017-02-12 20:00:23] Papou : buy 2000 contracts at 1k
[2017-02-12 20:00:26] MikeHunt : sleger: im sure you'd disagree if i said yes ;)
[2017-02-12 20:00:31] Papou : if it goes to 980 but 500 more
[2017-02-12 20:00:37] Papou : if it goes to 960 buy 500 more
[2017-02-12 20:00:46] Papou : u gotta start small and build ur position
[2017-02-12 20:01:07] MikeHunt : Papou: next bounce off support rail ill do that
[2017-02-12 20:01:30] Sinterklaas : Papou: you long it anyway?
[2017-02-12 20:01:54] -_- : we pumping
[2017-02-12 20:02:16] Papou : yes im overall long
[2017-02-12 20:02:17] -_- : well not bitstamp
[2017-02-12 20:02:42] MikeHunt : Papou: im talking about short term stuff
[2017-02-12 20:02:54] abbey : houston, we are ready
[2017-02-12 20:02:57] MikeHunt : like within a month
[2017-02-12 20:03:07] MikeHunt : or two
[2017-02-12 20:03:49] Papou : stop gambling mike
[2017-02-12 20:03:51] Papou : and start investing
[2017-02-12 20:04:23] Papou : go long on cross and put a starting positon with a liquidation of like 600
[2017-02-12 20:04:25] y1uy : interesting times, klook at this chart https://www.tradingview.com/x/PWyRGpsX/
[2017-02-12 20:04:41] MikeHunt : Papou: my investments are in gold
[2017-02-12 20:04:49] Papou : u are crazy
[2017-02-12 20:05:08] MikeHunt : well partially
[2017-02-12 20:05:12] Sinterklaas : y1uy: you think they gonna replay that second dump?
[2017-02-12 20:05:43] MikeHunt : Papou: if we can bounce the rail that currently runs along ~800 ill prob open a 200k
[2017-02-12 20:05:48] MikeHunt : or at least a 50k
[2017-02-12 20:05:56] MikeHunt : then do as u said above
[2017-02-12 20:06:13] Papou : ...
[2017-02-12 20:06:15] Papou : u had ur dump
[2017-02-12 20:06:21] MikeHunt : in your opinion
[2017-02-12 20:06:22] Papou : if u missed it, dont be greedy and wishful
[2017-02-12 20:06:34] MikeHunt : my main decision will be after ETF decision
[2017-02-12 20:06:52] Papou : have fun buying at 1500 then
[2017-02-12 20:07:18] MikeHunt : Papou: u think we'll be 1500 b4 etf?
[2017-02-12 20:07:27] Papou : could be after
[2017-02-12 20:07:43] MikeHunt : as soon as its yes/no, next second my trade will be placed
[2017-02-12 20:07:57] Sinterklaas : Papou: im positive about ETF approval, are you?
[2017-02-12 20:08:54] Papou : yup
[2017-02-12 20:09:06] MikeHunt : yeh for me its 0%
[2017-02-12 20:09:13] JT : ETF is happening. Doesn't matter if COIN is rejected.
[2017-02-12 20:09:13] Papou : thats what they want you to think
[2017-02-12 20:09:23] MikeHunt : JT: +1
[2017-02-12 20:09:44] Sultan Pepper : MikeHunt: you short on coin?
[2017-02-12 20:10:02] MikeHunt : Sultan Pepper: not touching unless it goes a lot higher
[2017-02-12 20:10:10] MikeHunt : Sultan Pepper: its too betting/binary for me
[2017-02-12 20:10:16] Sultan Pepper : same
[2017-02-12 20:10:17] MikeHunt : and i dont have insider info or equivalent
[2017-02-12 20:10:30] MikeHunt : brexit/trump betting was obvious, this is much less
[2017-02-12 20:13:43] MadDog : Mike, if you love gold then invest in me. :)
[2017-02-12 20:13:47] MadDog : <3
[2017-02-12 20:14:06] MikeHunt : MadDog: lol, if u can last 2 weeks+ i might consider it
[2017-02-12 20:15:02] MadDog : Although my rules seem solid I have lost confidence in myself as a trader
[2017-02-12 20:15:14] MadDog : It seems I almost purposefully wreck myself
[2017-02-12 20:15:28] MikeHunt : MadDog: u earn some, get overconfident and leverage rekt urself?
[2017-02-12 20:15:38] MadDog : yes, euphoria
[2017-02-12 20:15:51] MadDog : or... "oh, this small amount doesn't mean anything anyway"
[2017-02-12 20:15:55] MadDog : is my other mistake
[2017-02-12 20:16:39] MikeHunt : MadDog: only use leverage at known fibs
[2017-02-12 20:16:45] MikeHunt : MadDog: or support points
[2017-02-12 20:16:49] MadDog : Word
[2017-02-12 20:16:58] MadDog : I'm getting connected to all the charts and twitters and things
[2017-02-12 20:17:11] MikeHunt : MadDog: even then start off with 10% chunk and once confirmed u can steadily increase on each drop
[2017-02-12 20:17:14] MadDog : gonna start using much more information rather than just watching okcoin.cn
[2017-02-12 20:17:16] MikeHunt : (iif long)
[2017-02-12 20:17:27] MadDog : Exactly, start small
[2017-02-12 20:17:34] MadDog : That is one of my new strategies
[2017-02-12 20:17:46] MikeHunt : MadDog: okc is usually a good source but recently stamp has taken over a bit
[2017-02-12 20:17:52] MikeHunt : so i watch them mostly now
[2017-02-12 20:18:07] MadDog : interesting.. maybe why the other day bitmex was not following .cn at all
[2017-02-12 20:18:37] MikeHunt : MadDog: i think that ignoring china is ill fated, see analogy http://i.imgur.com/wee4t6L.png
[2017-02-12 20:18:54] MikeHunt : the result being maybe this... http://i.imgur.com/ki4iPm9.png
[2017-02-12 20:20:01] MadDog : Right, imagine if this happened in the US
[2017-02-12 20:20:13] MadDog : This is serious.. 10s of thousands of people can't access their money
[2017-02-12 20:20:28] MadDog : Bitcoin is worthless to them now
[2017-02-12 20:20:39] MadDog : I don't see how anyone could long this
[2017-02-12 20:21:18] MadDog : Even with ETF news
[2017-02-12 20:21:35] MadDog : I think we're propped up on hope right now
[2017-02-12 20:21:50] MadDog : ETF fail? Back to 700s
[2017-02-12 20:22:14] Yuppie : Agree this freezing of accounts is the worst that could happen to any market
[2017-02-12 20:22:20] YOLOCOIN : INCOMING SMASH
[2017-02-12 20:22:25] Yuppie : Much worse than fees etc
[2017-02-12 20:23:44] MikeHunt : oh i dont think they've even started yet
[2017-02-12 20:23:59] MikeHunt : apparently they will have withdrawal limits
[2017-02-12 20:24:06] MikeHunt : (basically capital controls)
[2017-02-12 20:24:15] MikeHunt : if ETF re inflates bubble, expect PBOC to return
[2017-02-12 20:24:23] MikeHunt : https://pbs.twimg.com/profile_banners/829447997691883520/1486597690/1500x500
[2017-02-12 20:25:10] rullwull : i think chinese already sold out what they kept on the exchanges, foreigners moved their coins from there few weeks earlier
[2017-02-12 20:25:49] MikeHunt : rullwull: withdrawal on CNY exchanges isnt an option for some
[2017-02-12 20:25:55] MikeHunt : ie: corrupt officials sending money out of country
[2017-02-12 20:26:11] MikeHunt : whales who avoid tax (prob 99% of them)
[2017-02-12 20:26:35] -_- : anyone got a link to the image where it shows LTC heavier than the sun and 2 other things
[2017-02-12 20:26:48] Yuppie : Watch what happens to OK Hong Kong...wouldnt bet on it staying unaffected
[2017-02-12 20:27:04] MikeHunt : HK is harder for PBoC to fuck with
[2017-02-12 20:27:14] rullwull : cny withdrawal is not closed
[2017-02-12 20:27:36] MikeHunt : rullwull: OKC/Huobi/ChBTC on 1 month lock down
[2017-02-12 20:27:38] MikeHunt : BTCC on 10 day
[2017-02-12 20:27:52] rullwull : MikeHunt: only BTC/LTC
[2017-02-12 20:28:11] MikeHunt : rullwull: yes BTC/LTC withdrawals
[2017-02-12 20:28:16] MikeHunt : fiat can still be withdrawn
[2017-02-12 20:28:43] MikeHunt : https://twitter.com/cnLedger/status/829853613765718016
[2017-02-12 20:28:50] MikeHunt : (BTCC extended to 10days)
[2017-02-12 20:29:05] rullwull : the problem is that chinese exchanges fu...ed a few reach chinese during the last pump and these people fu..ed back
[2017-02-12 20:29:28] MikeHunt : rullwull: i expect more fuckery in the future
[2017-02-12 20:30:04] MikeHunt : a dump b4 china comes back would be a great chance to go long in time for ETF decision, which ever way it goes
[2017-02-12 20:30:59] rullwull : i simply dont undesrtand who's gonna dump, users wouldnt deposit coins there, all coins an
[2017-02-12 20:31:11] rullwull : on the exchanges alrwady changes hands
[2017-02-12 20:31:29] MikeHunt : rullwull: leveraged shorting was usually responsible for heavy dips
[2017-02-12 20:32:00] MikeHunt : usually on china exchanges
[2017-02-12 20:32:09] rullwull : no more leverage, no more shorting, no more new coins deposit
[2017-02-12 20:32:10] MikeHunt : and PBOC interventions
[2017-02-12 20:32:22] rullwull : nothing to dump
[2017-02-12 20:32:23] MikeHunt : okc USD still has leveraged shorting up to 20x
[2017-02-12 20:32:44] rullwull : okc.com is different from .cn
[2017-02-12 20:32:50] MikeHunt : yup
[2017-02-12 20:32:57] rullwull : dont compare them
[2017-02-12 20:33:00] MikeHunt : but chinese until recently could transfer to them
[2017-02-12 20:33:09] MikeHunt : or other exchanges to dump on
[2017-02-12 20:33:42] MikeHunt : also not everyone shares btc eurphoria
[2017-02-12 20:33:52] MikeHunt : some want to sell and go into other assets they are more comfortable with
[2017-02-12 20:34:40] rullwull : bagholders or miners wouldnt dump, their goal to accumulate coins, crowd already sold out
[2017-02-12 20:36:37] MikeHunt : rullwull: the major drops dont come from bagholders but traders
[2017-02-12 20:36:45] MikeHunt : leveraged shorting etc.
[2017-02-12 20:36:52] Ahhere : rullwull: short is a crowded trade
[2017-02-12 20:37:20] rullwull : no more shorts on cny spot
[2017-02-12 20:37:35] MikeHunt : rullwull: west is leading so dump will have to come from there
[2017-02-12 20:37:42] MikeHunt : until china back online
[2017-02-12 20:37:56] MikeHunt : also i dont think all chinese dumped as i said above
[2017-02-12 20:38:10] MikeHunt : CNY is worse than hodlings on exchanges in some scenarios
[2017-02-12 20:38:15] MikeHunt : especially for large bag holders
[2017-02-12 20:39:29] rullwull : oh, so u believe that west willdump because of problems in china that only concern chinese users? fyi chinese exchanges were closed for foreigners a few weeks ago and allforeign users already moved their coins from there
[2017-02-12 20:40:31] rullwull : west is not affected by this problem, why west should short it with leverage?
[2017-02-12 20:40:52] MikeHunt : rullwull: i think the western exchanges are like a dog on a lead, they think they can run off after the owners had a heart attack
[2017-02-12 20:42:07] MikeHunt : choyna is responsible for the last 1.5yr bull run
[2017-02-12 20:43:33] rullwull : anyway west didnt loose anything because of it, however i have about 40 btc on one of my chinese employee okc.cn account
[2017-02-12 20:43:57] MikeHunt : rullwull: good luck getting that out
[2017-02-12 20:44:04] rullwull : but i didnt dump them
[2017-02-12 20:44:14] rullwull : can wait for month
[2017-02-12 20:44:28] MikeHunt : rullwull: yeh so ur living proof that not all chinese dumped
[2017-02-12 20:44:38] MikeHunt : CNY sucks more than BTC
[2017-02-12 20:44:53] rullwull : agree with this)
[2017-02-12 20:46:21] rullwull : i lived in china, i know how everything work there, this is not mtgox, this is just complain from some reach chinese who is trying to get their losses back
[2017-02-12 20:47:11] MikeHunt : rullwull: yeh, china exchanges are too transparent for an inside job by owners to work imo
[2017-02-12 20:48:03] yungyang : MikeHunt: oh mr hunt. the expert on Chinese exchanges
[2017-02-12 20:48:43] MikeHunt : ahh @yungyang , here to brighten everyones day...
[2017-02-12 20:49:02] Nooby : duuuuuummpppp!!!!!
[2017-02-12 20:49:10] Nooby : 900 soon
[2017-02-12 20:49:16] MikeHunt : Nooby: maybe lower ;)
[2017-02-12 20:49:31] rullwull : so, thats why i consider it as a good opportunity to buy, dont think there will be a dip bigger than $20, i long since 950
[2017-02-12 20:49:39] Nooby : euhhhh hope so but i don t believe it
[2017-02-12 20:50:10] MikeHunt : Nooby: supports are 980, 940, 880 iirc
[2017-02-12 21:00:49] rapidtrades : china bout to woop ur asses
[2017-02-12 21:01:49] jphamer1 : any news today?
[2017-02-12 21:05:11] jung1 : https://themerkle.com/hal-finneys-password-changed/
[2017-02-12 21:06:30] BTCDJS : rapidtrades: it's only 5am in china
[2017-02-12 21:06:31] jung1 : its crazy to short bitcoin
[2017-02-12 21:06:42] BTCDJS : jung1: oh really?
[2017-02-12 21:06:55] BTCDJS : Really tho
[2017-02-12 21:07:30] rapidtrades : jung1: my middle name is Crazy bish
[2017-02-12 21:07:39] jung1 : https://cointracking.info/ check that kick ass site
[2017-02-12 21:07:57] jung1 : specially https://cointracking.info/bitcoin_analysis.php
[2017-02-12 21:08:05] sleger : i looked it sux
[2017-02-12 21:08:38] jung1 : try to click in some features
[2017-02-12 21:09:52] rapidtrades : i like this premium shit
[2017-02-12 21:11:39] rapidtrades : longs are like 'shit im pyaing 0.08% i better pump this'
[2017-02-12 21:11:55] rapidtrades : i've found that longers are pretty dumb in general