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<< >> English 中文 Русский 한국어 日本語 Español Français [2017-02-23 02:23:38] ThatCEOGuy : MikeHunt: You think we're going that low? [2017-02-23 02:24:00] MikeHunt : ThatCEOGuy: maybe, but do u potentially want to miss out on it if we do? [2017-02-23 02:24:16] MikeHunt : if the stop isnt met, nothing happens [2017-02-23 02:24:19] cryptillian : ThatCEOGuy: you sound over leveraged [2017-02-23 02:24:21] DorianWhack-A-Moto : ThatCEOGuy: kind of affects price, higher funding means more people will open positions to get that funding [2017-02-23 02:24:27] MikeHunt : cryptillian: hes in a bad position atm, very bad [2017-02-23 02:24:51] cryptillian : oh sorry i didnt know [2017-02-23 02:24:52] BitMEX_John : ThatCEOGuy: the purpose of the funding fee is to anchor the swap contract price to the index price [2017-02-23 02:25:38] Sultan Pepper : BitMEX_John: never knew that, thank you [2017-02-23 02:25:50] ThatCEOGuy : I think I get it, thanks guys. [2017-02-23 02:26:03] J0ebiden : @alejandromasari [2017-02-23 02:26:31] ThatCEOGuy : MikeHunt: Yeah I got some stops near entry. Might put more above, just in case, thanks. [2017-02-23 02:26:41] ThatCEOGuy : Hopefullywe get that low lol [2017-02-23 02:27:34] MikeHunt : ThatCEOGuy: u could put limit orders above with post-only selected, then ull get maker fee [2017-02-23 02:28:14] MikeHunt : ThatCEOGuy: probably upto about $5 above ur entry price would be break even [2017-02-23 02:30:34] REKT : Liquidated long on `XMR7D`: sell 87 @ 0.011432 [2017-02-23 02:32:02] cryptillian : BitMEX_John: can you add visual lines on the chart for stops and so? like the entry line. giving my unwanted opinion in a trollbox..... priceless. (but not as rekt as ZEC) hur hur [2017-02-23 02:32:17] ThatCEOGuy : MikeHunt: Got it, thank you. [2017-02-23 02:33:25] BitMEX_John : cryptillian: this has been noted as a feature request :) [2017-02-23 02:34:09] yungyang : cryptillian: short zec! Candy from baby [2017-02-23 02:34:23] MikeHunt : ThatCEOGuy: np, also i'd advise keeping at least 90% of ur cash in a low lvg. trade [2017-02-23 02:35:06] MikeHunt : preferably 1x at most [2017-02-23 02:35:34] MikeHunt : until ur confident and making positive PnL [2017-02-23 02:35:46] cryptillian : yungyang: overhyped, no useful purpouse and not even a official windows wallet... yep [2017-02-23 02:35:56] ThatCEOGuy : MikeHunt: So, 1x lvg. for 90% then other 10% is safe to use higher lvg? [2017-02-23 02:36:20] MikeHunt : ThatCEOGuy: HODL the 90% and 1x short if its free falling [2017-02-23 02:36:24] MikeHunt : otherwise just HODL [2017-02-23 02:36:33] MikeHunt : the other 10% u can play with [2017-02-23 02:36:49] MikeHunt : i highly recommend watching risk management videos on utube [2017-02-23 02:36:55] Sultan Pepper : Actual advice^ [2017-02-23 02:37:05] MikeHunt : Sultan Pepper: yeh, which is rare from me apparently ;) [2017-02-23 02:37:12] cryptillian : whooooo 0.0000 in the green baby [2017-02-23 02:37:44] Sultan Pepper : MikeHunt: honestly, rare from most [2017-02-23 02:38:16] MikeHunt : Sultan Pepper: +1 [2017-02-23 02:38:30] aethlios : Unconfirmed Transactions Optimal Fee / Kb Low Priority Fee / Kb 110,059 (74,585.60 Kb) 0.00164240 BTC 0.00092709 BTC [2017-02-23 02:38:43] aethlios : above ATH fees will go to sky. [2017-02-23 02:40:10] BitMEX_Sam : Yeah, fees are already causing issues. [2017-02-23 02:40:14] BitMEX_Sam : We're seeing a lot of stalled txs [2017-02-23 02:41:00] aethlios : 110,000 unconf. trans must be record. [2017-02-23 02:41:33] ThatCEOGuy : MikeHunt: That makes way more sense than what I was doing. Assuming I luck out of this this I'm definitely gonna play it safe. I already got a risk management vid bookmarked someone posted earlier. [2017-02-23 02:41:56] Nutella : aethlios: whats the current fee to move money in next block? [2017-02-23 02:41:58] ThatCEOGuy : I really do appreciate all the help. [2017-02-23 02:42:13] cryptillian : Sultan Pepper: i try to help were i can. teaching what i know... so not much good advice... [2017-02-23 02:42:55] Sultan Pepper : cryptillian: i like to keep a nice grey area of moral standing [2017-02-23 02:43:03] aethlios : Nutella: 0.00164240 BTC per k, but i don't know how many kb is 1 btc. [2017-02-23 02:43:11] thxforyourbtc! : Nutella: about a dollar. 50 cents does in 1-6hour [2017-02-23 02:43:32] thxforyourbtc! : using avg transaction size [2017-02-23 02:44:12] thxforyourbtc! : any lower than 50 cent can take a long time these days [2017-02-23 02:44:30] paper : btc-e ath [2017-02-23 02:44:51] thxforyourbtc! : i usually do a buck whenever i want it fast [2017-02-23 02:45:44] cryptillian : Sultan Pepper: as the great EEK! the cat said "it never hurts to help" [2017-02-23 02:45:45] aethlios : thxforyourbtc!: how many kb is 1 btc?? [2017-02-23 02:45:47] MikeHunt : ThatCEOGuy: im in a similar position with a short from january, hoping for a let out, once im out i endever to never let it happen again [2017-02-23 02:46:38] MikeHunt : /wall [2017-02-23 02:46:38] trollbot : ``` BitFinex Wall: Asks: 1133.0 =>[3042 Ƀ](-6.97%)<= 1163.0 Bids: 1102.9 =>[1066 Ƀ](2.21%)<= 1132.9``` [2017-02-23 02:46:38] trollbot : ``` BitStamp Wall: Asks: 1131.04 =>[1048 Ƀ](5.54%)<= 1161.15 Bids: 1100.12 =>[741 Ƀ](28.87%)<= 1130.15``` [2017-02-23 02:47:20] cryptillian : also super high and have no idea what i was talking about so [2017-02-23 02:47:50] Nutella : a dollar? [2017-02-23 02:47:52] Nutella : WTF [2017-02-23 02:48:03] Nutella : we will all be poors soon [2017-02-23 02:50:05] Rado : who created this price bots? [2017-02-23 02:50:24] MikeHunt : Rado: Farzad [2017-02-23 02:50:47] Rado : how did he integrate it with the chat? [2017-02-23 02:50:59] arbitrage101 : dude [2017-02-23 02:51:06] MikeHunt : Rado: API [2017-02-23 02:51:06] arbitrage101 : you are bot coder and you dont know? [2017-02-23 02:51:23] thxforyourbtc! : aethlios: it doesnt matter how much you send at all in corealtion to size of transaction in bytes [2017-02-23 02:51:42] cryptillian : ^ [2017-02-23 02:51:48] Rado : arbitrage101: you need a hook [2017-02-23 02:51:57] thxforyourbtc! : usually its 250 or 500ish bytes [2017-02-23 02:52:01] Rado : you can't just change BitMEX code [2017-02-23 02:52:06] Rado : does he work for BitMEX? [2017-02-23 02:52:19] j8 : chat comes through websocket [2017-02-23 02:52:23] thxforyourbtc! : do 90 x 500 and thats a good fee right now [2017-02-23 02:52:38] Rado : I see [2017-02-23 02:52:40] j8 : you just read messages and match \price etc at the start [2017-02-23 02:52:40] thxforyourbtc! : but not super quick. i think approx 50cent [2017-02-23 02:52:44] Rado : so there is a hook already [2017-02-23 02:52:45] Nutella : Rado: fee now 1 dolla! [2017-02-23 02:53:01] thxforyourbtc! : yeah probably sinze price went up [2017-02-23 02:53:09] Rado : Nutella: sure [2017-02-23 02:53:16] Rado : I will deposit it using the chat [2017-02-23 02:53:23] Rado : /send $1 to Nutella [2017-02-23 02:53:51] abbey : my last tx was 226 bytes [2017-02-23 02:53:52] Rado : I am short XBTH17 now [2017-02-23 02:53:56] Rado : only half a position [2017-02-23 02:54:11] arbitrage101 : i am short a lot of contracts here [2017-02-23 02:54:12] Rado : for the first time in a month or so [2017-02-23 02:54:18] Nutella : no stupid bitcoin fee is only dollar [2017-02-23 02:54:20] arbitrage101 : need to find a way to unwind my position [2017-02-23 02:54:29] arbitrage101 : wihtout paying premium [2017-02-23 02:54:34] arbitrage101 : or high spread [2017-02-23 02:54:36] j8 : rado turning bear for once? [2017-02-23 02:54:48] Rado : j8: just short term [2017-02-23 02:54:58] cryptillian : anyone know a site that filters the txns in price as in x 10000 x1000 xetc etc? [2017-02-23 02:54:59] Rado : I think we will blow off to the upside soon [2017-02-23 02:55:28] j8 : yeah we could definitely dip first [2017-02-23 02:55:29] Nutella : u wish stupid [2017-02-23 02:55:40] Nutella : @Rado [2017-02-23 02:56:45] Rado : j8: where did this fuckhead Nutella come from? [2017-02-23 02:57:12] arbitrage101 : just normal traders behavior [2017-02-23 02:57:14] j8 : cuntland [2017-02-23 02:57:19] arbitrage101 : nothing suprise [2017-02-23 02:57:27] Sultan Pepper : Rado: btcdjs girl [2017-02-23 02:57:40] Rado : Sultan Pepper: for real? [2017-02-23 02:57:50] Sultan Pepper : nah man [2017-02-23 02:58:03] Sultan Pepper : but he says so [2017-02-23 02:59:29] Nutella : BTCDJS is an idiot [2017-02-23 02:59:51] arbitrage101 : he has been around for a while [2017-02-23 03:00:01] arbitrage101 : still alive and trading [2017-02-23 03:00:20] Rado : https://www.tradingview.com/x/qnLBizcq/ [2017-02-23 03:00:29] Rado : Nutella: you are someones beach? [2017-02-23 03:00:31] Rado : nice [2017-02-23 03:02:06] Sultan Pepper : arbitrage101: plenty of bigger idiots than him in here [2017-02-23 03:04:08] arbitrage101 : another quiet day [2017-02-23 03:04:17] arbitrage101 : going to watch documentary on youtube [2017-02-23 03:05:47] Sultan Pepper : arbitrage101: which? [2017-02-23 03:06:45] arbitrage101 : Sultan Pepper: https://www.youtube.com/watch?v=qBduuL-DZ24 [2017-02-23 03:07:00] Sultan Pepper : Oh shit [2017-02-23 03:07:02] Sultan Pepper : ok [2017-02-23 03:12:10] Jason : i guess right again [2017-02-23 03:13:44] Sultan Pepper : Fkin wizard m8 [2017-02-23 03:13:50] MikeHunt : Rado: bull bbq it's then [2017-02-23 03:16:30] paper : or just boring consolidation [2017-02-23 03:16:47] paper : any dips will be bought w/ aggression [2017-02-23 03:17:22] MikeHunt : paper: it think thats the purpose of the wall [2017-02-23 03:17:26] MikeHunt : slow the bulls down [2017-02-23 03:17:41] MikeHunt : /wall [2017-02-23 03:17:41] trollbot : ``` BitStamp Wall: Asks: 1128.97 =>[1028 Ƀ](-1.91%)<= 1159.00 Bids: 1098.10 =>[630 Ƀ](-14.98%)<= 1128.51``` [2017-02-23 03:17:41] trollbot : ``` BitFinex Wall: Asks: 1129.3 =>[2588 Ƀ](-14.92%)<= 1159.3 Bids: 1099.1 =>[1348 Ƀ](26.45%)<= 1129.2``` [2017-02-23 03:17:43] cryptillian : ^ small x10 long w 10< stop good night [2017-02-23 03:19:44] Sam : /sentiment [2017-02-23 03:19:47] trollbot : ``` Sell/Buy Ratio Sentiment Hourly : 75.00 / 25.00 Daily : 49.94 / 50.06 Weekly : 44.53 / 55.47 Monthly : 47.43 / 52.57``` [2017-02-23 03:23:00] Jason : x50 short now [2017-02-23 03:23:10] Jason : look bitfinex [2017-02-23 03:23:18] Jason : rekt [2017-02-23 03:23:24] MikeHunt : Jason: depends if the wall can hold [2017-02-23 03:23:28] MikeHunt : whale battle atm [2017-02-23 03:28:35] REKT : Liquidated long on `XBTUSD`: sell 38000 @ 1112.49 [2017-02-23 03:28:35] REKT : Liquidated long on `XBTUSD`: sell 240 @ 1113.84 [2017-02-23 03:28:35] REKT : Liquidated long on `XBTUSD`: sell 2 @ 1112.60 :punch: :whale: [2017-02-23 03:28:35] REKT : Liquidated long on `XBTH17`: sell 3200 @ 1134.85 [2017-02-23 03:28:53] Jason : said [2017-02-23 03:28:56] Gr33d : called it [2017-02-23 03:29:18] thxforyourbtc! : Gr33d: was a nice call [2017-02-23 03:29:25] Jason : I called it [2017-02-23 03:30:00] Sultan Pepper : "It goes up and down sometimes" [2017-02-23 03:30:06] Sultan Pepper : called it brah [2017-02-23 03:30:15] Gr33d : +1 [2017-02-23 03:31:21] thxforyourbtc! : NOW buy the dip!!! [2017-02-23 03:31:58] MikeHunt : if u hold a short on perp u get funding in 28 mins [2017-02-23 03:32:16] Coconuter : watch out for the green dildo [2017-02-23 03:32:48] aeos : what determines the funding rate of the day? [2017-02-23 03:33:07] arbitrage101 : aeos: traders here [2017-02-23 03:33:27] arbitrage101 : willingness to pay premium or sell at discount [2017-02-23 03:33:35] BitMEX_Sam : aeos: https://www.bitmex.com/app/swapsGuide#Funding [2017-02-23 03:34:05] aeos : BitMEX_Sam: thanks [2017-02-23 03:34:47] y1uy : *Buy the fuckinvg dip* [2017-02-23 03:34:57] hmmm : rip btc [2017-02-23 03:35:19] MikeHunt : /wall [2017-02-23 03:35:20] trollbot : ``` BitStamp Wall: Asks: 1125.07 =>[951 Ƀ](-7.49%)<= 1155.42 Bids: 1093.29 =>[558 Ƀ](-11.43%)<= 1123.50``` [2017-02-23 03:35:20] trollbot : ``` BitFinex Wall: Asks: 1123.0 =>[2104 Ƀ](-18.7%)<= 1153.0 Bids: 1092.7 =>[1212 Ƀ](-10.09%)<= 1122.9``` [2017-02-23 03:36:34] y1uy : thxforyourbtc!: how's it going? Made bank on the run up? :D [2017-02-23 03:36:43] thxforyourbtc! : YES [2017-02-23 03:37:12] y1uy : thats what I want to hear [2017-02-23 03:37:34] y1uy : We will be rich boys [2017-02-23 03:38:03] MikeHunt : BitMEX_Sam: if u accidently move leverage slider to right and cant move back that means ur screwed right? [2017-02-23 03:38:29] Gr33d : lel [2017-02-23 03:38:42] MikeHunt : thought they added a confirmation box [2017-02-23 03:40:00] rapidtrades : lol alex jones is having a 13h live stream [2017-02-23 03:40:10] rapidtrades : yes its as crazy as you expect [2017-02-23 03:40:36] al : MikeHunt: click on margin on open position, you can add and remove margin assuming you have the collateral [2017-02-23 03:40:37] arbitrage101 : rapidtrades: good morning, bro [2017-02-23 03:40:43] arbitrage101 : how things go [2017-02-23 03:40:51] rapidtrades : making $$$ [2017-02-23 03:40:59] arbitrage101 : from your 880 short? [2017-02-23 03:41:07] rapidtrades : yea [2017-02-23 03:41:12] arbitrage101 : good [2017-02-23 03:41:31] MikeHunt : al: thanks, the custom margin button is right next to 100x [2017-02-23 03:41:38] MikeHunt : they really should add a confirmation [2017-02-23 03:41:52] rapidtrades : i think i missed his reddit AMA tho [2017-02-23 03:42:11] BitMEX_John : MikeHunt: how long ago did you accidentally move it right? You should be able to lower your leverage if you have spare available balance [2017-02-23 03:42:25] MikeHunt : BitMEX_John: few minutes ago [2017-02-23 03:42:35] MikeHunt : ill do that [2017-02-23 03:42:41] elmorte : rapidtrades: he was on the Joe Rogan podcast recently too [2017-02-23 03:42:50] MikeHunt : BitMEX_John: have u considered adding a padlock or some sort of confirmation? [2017-02-23 03:43:40] BitMEX_John : MikeHunt: I'll have this noted down as a feature request [2017-02-23 03:43:47] MikeHunt : BitMEX_John: thanks [2017-02-23 03:47:17] rapidtrades : elmorte: https://www.reddit.com/r/The_Donald/comments/5vnaqz/alex_jones_here_to_maga_ask_me_anything_and_lets/de3fbb7/ [2017-02-23 03:48:11] elmorte : \*facepalm\* [2017-02-23 03:48:48] BitMEX_John : MikeHunt: we recently rolled out a confirmation for the leverage slider when on mobile [2017-02-23 03:49:22] MikeHunt : BitMEX_John: can you extend that to pc as well? [2017-02-23 03:50:47] BitMEX_John : MikeHunt: we'll take it under consideration [2017-02-23 03:51:01] MikeHunt : BitMEX_John: what i dont get is i have a liq price around 1300 but my roe atm is 90%+ [2017-02-23 03:52:49] BitMEX_John : MikeHunt: have you tried using the 'Liquidation Price' tab in the calculator to model different scenarios? It may help you understand [2017-02-23 03:54:17] MikeHunt : BitMEX_John: seems the current liquidation price is wrong according to the calculator [2017-02-23 03:54:52] arbitrage101 : MikeHunt: if you are long, the value of your collateral also go down [2017-02-23 03:54:55] arbitrage101 : have you consider that? [2017-02-23 03:56:22] MikeHunt : arbitrage101: im short from ~1030 [2017-02-23 03:56:32] MikeHunt : the one from january [2017-02-23 03:57:00] arbitrage101 : the unrealized profit part cant be used as collateral [2017-02-23 03:57:19] arbitrage101 : but realized loss is subtracted i think [2017-02-23 03:57:30] arbitrage101 : as slegar and other have been complaning [2017-02-23 03:57:35] MikeHunt : arbitrage101: ahh [2017-02-23 03:58:18] Jason : short for funding rate [2017-02-23 03:58:22] Jason : x50 [2017-02-23 03:58:26] Jason : its high [2017-02-23 03:58:34] Jason : 1 min [2017-02-23 03:59:23] Jason : 40 sec [2017-02-23 04:00:19] thxforyourbtc! : nice short [2017-02-23 04:00:38] thxforyourbtc! : big dicidend [2017-02-23 04:00:43] thxforyourbtc! : dividend [2017-02-23 04:01:23] abbey : bottom shorters [2017-02-23 04:01:58] abbey : lol [2017-02-23 04:02:06] mark121 : lmao [2017-02-23 04:02:47] mark121 : u think this isthe bottom? [2017-02-23 04:03:30] abbey : lets find out [2017-02-23 04:03:44] mark121 : i sure hope u r kidding [2017-02-23 04:04:12] rapidtrades : elmorte: he just finished a 20-30 mins rant lol [2017-02-23 04:04:21] rapidtrades : it was epic [2017-02-23 04:04:28] abbey : u just shorted? @mark121 [2017-02-23 04:04:42] elmorte : rapidtrades: man must be coked up... [2017-02-23 04:05:00] rapidtrades : oh sweet! money [2017-02-23 04:05:03] rapidtrades : tnx longs [2017-02-23 04:05:04] mark121 : of course abbey, but not just, i shorted the top [2017-02-23 04:05:05] rapidtrades : PAYDYA [2017-02-23 04:05:10] rapidtrades : PAYDAY [2017-02-23 04:05:13] mark121 : added tho [2017-02-23 04:05:15] rapidtrades : PAYDAY @sleger [2017-02-23 04:05:30] rapidtrades : i know ur always here for funding to count ur new monies [2017-02-23 04:05:42] mark121 : the second last funding [2017-02-23 04:05:46] mark121 : was sexy [2017-02-23 04:05:55] mark121 : payday rather [2017-02-23 04:06:08] mark121 : well both, since I wasnt a long :p [2017-02-23 04:06:22] elmorte : I timed my short funding so poorly...ended up with 10% of what I planned on paper [2017-02-23 04:06:57] mark121 : was it due to the spread? [2017-02-23 04:07:00] elmorte : lesson learnt though [2017-02-23 04:07:13] elmorte : mark121: that, and I closed the wrong part of the hedge first [2017-02-23 04:07:31] arbitrage101 : cant outsmart the market [2017-02-23 04:07:35] mark121 : elmorte: gotcha [2017-02-23 04:07:35] elmorte : in a falling market, I closed my short first, instead of closing the long [2017-02-23 04:07:40] mark121 : ouch [2017-02-23 04:08:29] elmorte : arbitrage101: not trying to outsmart the market, just a few guys here :) [2017-02-23 04:08:56] arbitrage101 : elmorte: cant out-speed the bot here either [2017-02-23 04:08:58] mark121 : im not sure of the relevance of the market to his problem lol [2017-02-23 04:09:05] elmorte : arbitrage101: true dat [2017-02-23 04:10:02] mark121 : more of a timing issue :D [2017-02-23 04:10:13] mark121 : i messed up a lil too [2017-02-23 04:10:47] Sultan Pepper : You could have opened and closed a short, in profit, within a half hour to get funding [2017-02-23 04:10:58] mark121 : bought some contracts (and covered 7k) as my body just reflexed to buy long instead of selling them [2017-02-23 04:11:04] elmorte : Sultan Pepper: mmm, hindsight [2017-02-23 04:11:17] Sultan Pepper : elmorte: always the best [2017-02-23 04:11:32] elmorte : I held my short thru the previous 3 fundings thouugh [2017-02-23 04:11:35] Sultan Pepper : My 100 contract short made BANK [2017-02-23 04:11:52] elmorte : like a local bank...or like HSBC? [2017-02-23 04:11:56] mark121 : ll [2017-02-23 04:11:58] mark121 : lol [2017-02-23 04:12:16] mark121 : why u say within a half hour to get funding Sultan Pepper [2017-02-23 04:12:17] Sultan Pepper : Like a bank on the side of the road [2017-02-23 04:12:48] mark121 : jus wonderin if there sumthin i dont know, havent actually looked into anything [2017-02-23 04:13:26] mark121 : did u mean specifically cus of the price action today? [2017-02-23 04:13:28] mark121 : or in general [2017-02-23 04:13:48] Sultan Pepper : mark121: open at :40 closed at :10 [2017-02-23 04:14:08] mark121 : oh and u still get the funding? [2017-02-23 04:14:34] mark121 : interesting, i was wondring about how they dealt with that [2017-02-23 04:14:41] Sultan Pepper : If you have an open position on swap during funding, you will gain/lose it [2017-02-23 04:15:10] mark121 : so u dont double dip [2017-02-23 04:15:21] Sultan Pepper : there's usually a bit of a shake out around those hours though [2017-02-23 04:15:48] mark121 : my middle name is shakeout [2017-02-23 04:16:15] elmorte : mark121: yeah, funding is not pro-rated [2017-02-23 04:16:19] Sultan Pepper : mark121: no, you wont lose the position. I mean no matter when you opened that short, if you had it still open at the funding hour, you would make that profit [2017-02-23 04:16:31] abbey : Sultan Pepper: how much u made? [2017-02-23 04:16:36] mark121 : yes i kno that [2017-02-23 04:16:54] Sultan Pepper : abbey: 0.0001 or something :) [2017-02-23 04:17:10] Sultan Pepper : mark121: oh sorry, i thought you didnt understand [2017-02-23 04:17:11] abbey : cool! [2017-02-23 04:17:32] elmorte : I think it's silly, causes necessary fluctuations...but then as Arthur said, "you fckers love volatility" [2017-02-23 04:17:42] Sultan Pepper : abbey: only 'cause i'm carefully crafting a slow short now [2017-02-23 04:18:00] elmorte : unnecessary rather [2017-02-23 04:18:02] mark121 : shit gona get biblical [2017-02-23 04:18:13] MikeHunt : can you use leverage slider to maximise gains and minimise losses if you time it right? [2017-02-23 04:18:23] Sultan Pepper : elmorte: it helps tie the price to mark price apparently [2017-02-23 04:18:26] mark121 : not really [2017-02-23 04:18:28] Sultan Pepper : learned that today [2017-02-23 04:18:31] mark121 : MikeHunt [2017-02-23 04:18:42] elmorte : Sultan Pepper: it would help even more if it wasn't on an 8-16hr delay [2017-02-23 04:18:46] mark121 : thats not how it works [2017-02-23 04:19:04] elmorte : I'm not arguing against funding, just against the way it is applied here [2017-02-23 04:19:07] Sultan Pepper : mark121: according to bitmex_sam it is [2017-02-23 04:19:12] BitMEX_John : MikeHunt: it will change your ROE % but your actual PNL is unchanged [2017-02-23 04:19:14] elmorte : MikeHunt: only if you're about get liqd [2017-02-23 04:19:26] mark121 : gotcha [2017-02-23 04:20:26] MikeHunt : BitMEX_John: is it possible for RoE to be great than 100% or 100% = liq? [2017-02-23 04:20:27] MikeHunt : just wanna check [2017-02-23 04:20:31] Sultan Pepper : MikeHunt: i mean this in the nicest way, seriously. Don't you know this stuff? I kinda thought you'd been here for a while [2017-02-23 04:20:51] thxforyourbtc! : MikeHunt: of course it can be more [2017-02-23 04:20:59] BitMEX_John : MikeHunt: ROE% can be greater than 100% [2017-02-23 04:21:03] MikeHunt : aha [2017-02-23 04:21:03] mark121 : it can be much more and much less (negative) [2017-02-23 04:21:06] rapidtrades : MikeHunt: just ignore ROE, its a useless matric [2017-02-23 04:21:16] thxforyourbtc! : ^^ [2017-02-23 04:21:24] MikeHunt : Sultan Pepper: never been this screwed before so wanted to know all options [2017-02-23 04:21:28] rapidtrades : metric* [2017-02-23 04:21:38] MikeHunt : thanks for help guys [2017-02-23 04:21:43] rapidtrades : MikeHunt: mine is -2000% so yes it can go above 100 lol [2017-02-23 04:22:01] MikeHunt : rapidtrades: that makes my -90% look a lot better now lol [2017-02-23 04:22:20] thxforyourbtc! : the second i open trade its usually + or - 100% instantly [2017-02-23 04:22:32] MikeHunt : thxforyourbtc!: instant win? lol [2017-02-23 04:22:46] mark121 : Sultan Pepper: that wouldnt make sense lol (bitmex john agrees) [2017-02-23 04:22:54] MikeHunt : i was just worried my liq wasnt really my liq price and something was going on [2017-02-23 04:22:55] mark121 : sory slow response [2017-02-23 04:23:13] rapidtrades : MikeHunt: the liq shown is correct [2017-02-23 04:23:30] MikeHunt : rapidtrades: ahh, my heartbeat just halved [2017-02-23 04:23:35] MikeHunt : heart attack averted, touch wood [2017-02-23 04:24:21] mark121 : MikeHunt, give yourself atleast 3 dollars, better 4, if u riding liquidation price [2017-02-23 04:24:26] mark121 : cushion [2017-02-23 04:25:02] MikeHunt : mark121: my liq is near $1300 [2017-02-23 04:25:04] mark121 : it rarely jumps 4 [2017-02-23 04:25:55] mark121 : heh ya, im referin to if u messin around on 100x [2017-02-23 04:26:17] MikeHunt : mark121: oh right lol, most i ever go is 50 [2017-02-23 04:26:23] MikeHunt : thats with very small orders thou [2017-02-23 04:27:52] mark121 : aye, imo it has utility midtrade, once uve established a profot cushion - if ur new best to keep it under 50, 15-25 is best, idunno alot ppl wud tell u 10x max lol [2017-02-23 04:28:39] mark121 : makes sense as most are pretty clueless tho :p -- [2017-02-23 04:30:21] Sultan Pepper : mark121: [2017-02-23 02:24:52] BitMEX_John : ThatCEOGuy: the purpose of the funding fee is to anchor the swap contract price to the index price [2017-02-23 04:31:30] MikeHunt : mark121: lol [2017-02-23 04:31:58] mark121 : lol Sultan Pepper . .. that was.. out of the blue :p [2017-02-23 04:32:21] Sultan Pepper : mark121: [23:22] mark121: Sultan Pepper: that wouldnt make sense lol (bitmex john agrees) [2017-02-23 04:32:28] mark121 : i figure the purpose is to stock the insurance fund [2017-02-23 04:32:38] mark121 : I wa srefering to [2017-02-23 04:32:53] mark121 : MikeHunt's Q about moving the slider to maximize gains and mini losses [2017-02-23 04:34:25] mark121 : maybe we crossed our wires there, wud be surprised is a staff member thought so lol [2017-02-23 04:34:33] mark121 : Sultan Pepper: ^^ [2017-02-23 04:34:53] rangle : is there a history to see how much i paid for funding on swap? [2017-02-23 04:35:02] mark121 : check ur wallet [2017-02-23 04:35:23] rangle : curious for a closed position [2017-02-23 04:35:43] rangle : nvm found it [2017-02-23 04:36:42] MikeHunt : mark121: im thinking if u had the balance, supposing you were long 10x, price topped, you then slided back to 1x, u'd loose less as price dropped, then when bottomed, you went 10x again, you'd be making $ again [2017-02-23 04:36:44] MikeHunt : or am i wrong? [2017-02-23 04:37:28] mark121 : thats not how leverage works :p its not just a multiplier [2017-02-23 04:37:46] MikeHunt : hmm [2017-02-23 04:39:26] BitMEX_John : MikeHunt: when you move the slider you are changing the amount of margin available to the position, not the number of contracts or the value of the position itself [2017-02-23 04:39:41] mark121 : well let me be specific, its not a multiplier of just ur net profits... the reason ud lower ur leverage is basically to give yourself more margin for error by moving liquidation price away [2017-02-23 04:39:58] Sultan Pepper : MikeHunt: You're trolling, right? [2017-02-23 04:40:11] mark121 : dont think so [2017-02-23 04:40:27] MikeHunt : BitMEX_John: ahh i see [2017-02-23 04:40:51] mark121 : the only other reason would be to help lower your potential for auto deleveraging [2017-02-23 04:41:10] MikeHunt : Sultan Pepper: no i'd just rather ask dumb questions than make dumb mistakes [2017-02-23 04:41:28] mark121 : as it is one of two variable factors in the calculation i believe [2017-02-23 04:42:17] MikeHunt : /sentiment [2017-02-23 04:42:19] trollbot : ``` Sell/Buy Ratio Sentiment Hourly : 44.04 / 55.96 Daily : 50.63 / 49.37 Weekly : 44.55 / 55.45 Monthly : 47.50 / 52.50``` [2017-02-23 04:42:30] BitMEX_John : mark121: that's correct, ADL takes into account leverage and profitability [2017-02-23 04:42:41] Sultan Pepper : MikeHunt: by all means, ask away. I agree with that approach fully, but i *really* had the impression you knew all this shit [2017-02-23 04:42:58] rangle : i had a tough lesson on funding today, closed a near $10 gain on my swap position, but paid 80% of my gains into funding that long [2017-02-23 04:43:02] rapidtrades : Alex Jones: I got kicked out for bringing women home. What was the question again? [2017-02-23 04:43:10] MikeHunt : Sultan Pepper: its just having -90% RoE and 1300 liq threw me off a bitr [2017-02-23 04:43:11] rapidtrades : lol this livestream is pure gold [2017-02-23 04:43:29] mark121 : they are unrelated mikehunt [2017-02-23 04:43:31] yungyang : Sultan Pepper: you thought @MikeHunt knew his shit ? [2017-02-23 04:43:43] yungyang : what says about you hmm [2017-02-23 04:43:53] MikeHunt : been here less than 2 months [2017-02-23 04:43:54] mark121 : lol! yung [2017-02-23 04:44:02] elmorte : What's that saying about empty cans and noise? [2017-02-23 04:44:05] Sultan Pepper : yungyang: i thought he at least knew how the site worked [2017-02-23 04:44:16] MikeHunt : Sultan Pepper: not completely [2017-02-23 04:44:22] Sultan Pepper : he was here when i got here [2017-02-23 04:44:37] mark121 : yung drops a truthbomb about once every third funding it seems [2017-02-23 04:44:38] elmorte : and you both like wordplay [2017-02-23 04:44:47] Sultan Pepper : but i'm a forever-noob too [2017-02-23 04:45:26] Sultan Pepper : elmorte: and a little lemon [2017-02-23 04:46:17] mark121 : whos going all in long right now?!?! ;) [2017-02-23 04:46:18] Sultan Pepper : MikeHunt: i guess i showed up right after you then! [2017-02-23 04:48:31] MikeHunt : Sultan Pepper: its just wen you've lost a bit of money u become a little more paranoid about loosing the rest of it [2017-02-23 04:48:39] mark121 : whos taking a 4th mortgage and sellin the children to go mad long right now? [2017-02-23 04:49:38] mark121 : wheres all the bulls go lol [2017-02-23 04:50:45] Sultan Pepper : MikeHunt: i hear ya. I've learned a bit about playing safe since i got here [2017-02-23 04:51:06] mark121 : trading is risk management [2017-02-23 04:51:21] mark121 : u can be an awesome trader, but if u dont limit your losses, youll go broke [2017-02-23 04:52:25] Sultan Pepper : I feel like i should close my 100 contract short here. I'll get 0.0005 profit [2017-02-23 04:52:35] Sultan Pepper : ;) [2017-02-23 04:55:33] mark121 : most people have difficulty in selling at a loss, i.e. gettin stuck with a 50% loss for example and instead of closing, desperation and hope kicks in and they attempt to slowly sell when necessary (or cover) to add margin all the while there entry is gettin further and further.and the sell or covers are costing u massively [2017-02-23 04:56:30] mark121 : once a perosn is liquidated, that 50% loss doesnt seem so bad in retrospect [2017-02-23 04:59:33] elmorte : The problem is you don't know when it's gonna turn around [2017-02-23 05:00:34] elmorte : I closed at a 65% loss before...if I held I'd be maybe 10% down [2017-02-23 05:03:11] mark121 : yep, that wud be the other side of that issue [2017-02-23 05:03:43] elmorte : With bitcoin, long patience is the key. And I mean long in both senses of the word here :) [2017-02-23 05:03:54] mark121 : in general, consistency is best, closing tends to in the end far a person better assuming they have no idea where its going [2017-02-23 05:04:06] ThatCEOGuy : elmorte: Patience isn't really helping me here [2017-02-23 05:04:14] elmorte : ThatCEOGuy: are you long? [2017-02-23 05:04:22] ThatCEOGuy : elmorte: Short [2017-02-23 05:04:39] elmorte : Then you missed my point bud :) [2017-02-23 05:05:19] MikeHunt : elmorte: hes knew here, spent big on his first trade [2017-02-23 05:05:58] elmorte : Been there...can you average out your entry without over-leveraging yourself? @ThatCEOGuy [2017-02-23 05:06:32] ThatCEOGuy : elmorte: Not likely, I tried averaging up at first, but that just made it worse [2017-02-23 05:06:40] MikeHunt : ThatCEOGuy: same here [2017-02-23 05:08:30] elmorte : k...higher volatility requires higher bands...I learnt that the hard way too [2017-02-23 05:09:02] elmorte : wider bands rather [2017-02-23 05:12:40] shery : /price [2017-02-23 05:12:45] trollbot : ``` Bitstamp : 1129.09 (-0.26%) Bitfinex : 1127.70 (0.02%) The Woodchipper : 1111.00 (1.12%) itBit : 1128.44 (0.02%) Kraken : 1126.74 (-0.04%) GDAX : 1132.57 (0.19%) ``` [2017-02-23 05:17:19] mark121 : here comes the funk [2017-02-23 05:17:27] MikeHunt : mark121: dump? [2017-02-23 05:18:03] mark121 : Likely the opposite of a not-dump ;) [2017-02-23 05:18:31] ThruTheFloor : mark121: So... a dump? [2017-02-23 05:18:37] rapidtrades : looks like it wants to go higer again [2017-02-23 05:18:51] mark121 : looks as if u played this gam befoe thruthefloor :) [2017-02-23 05:18:54] rapidtrades : bastards are not letting it go down again [2017-02-23 05:19:09] ThruTheFloor : To the moon!!! ┗(°0°)┛ [2017-02-23 05:19:26] rapidtrades : they're playing with fire tho, ETF will slaughter them [2017-02-23 05:19:27] mark121 : lol rapid trades [2017-02-23 05:20:14] MikeHunt : hmm so with my short [2017-02-23 05:20:20] MikeHunt : if i set a red line at 1200 [2017-02-23 05:20:29] MikeHunt : increased leverage to bring liq down to 1200 [2017-02-23 05:20:38] mark121 : ud be more than fine [2017-02-23 05:20:39] MikeHunt : used freed up balance [2017-02-23 05:20:44] MikeHunt : for a long [2017-02-23 05:20:53] mark121 : rapidtrades [2017-02-23 05:21:00] mark121 : u trollin? [2017-02-23 05:21:10] MikeHunt : mark121: u think etf will pass? [2017-02-23 05:21:18] mark121 : no [2017-02-23 05:21:21] rapidtrades : nope price action is the same as before every push higher [2017-02-23 05:21:30] mark121 : lol .. [2017-02-23 05:21:42] rapidtrades : but the gains are $10-30 while the drop will be 200-300$ [2017-02-23 05:21:50] MikeHunt : i think they want to get it as high as possible before decision day [2017-02-23 05:21:59] rapidtrades : they're all on leverage [2017-02-23 05:22:07] aandy : /sentiment [2017-02-23 05:22:09] trollbot : ``` Sell/Buy Ratio Sentiment Hourly : 62.33 / 37.67 Daily : 48.92 / 51.08 Weekly : 44.55 / 55.45 Monthly : 47.51 / 52.49``` [2017-02-23 05:22:35] mark121 : literally BTC has not reacted even slightly (price wise) to a piece of news in the last 6 months [2017-02-23 05:22:58] MikeHunt : mark121: what about pboc news? [2017-02-23 05:23:04] mark121 : not at all [2017-02-23 05:23:36] mark121 : its fakenews with reference to its affect on price action [2017-02-23 05:23:48] rapidtrades : mark121: respectfully mark, you're an idiot [2017-02-23 05:23:56] mark121 : lol [2017-02-23 05:24:03] mark121 : sadly [2017-02-23 05:24:14] mark121 : it is you my friend (respectfully) [2017-02-23 05:24:21] mark121 : but hey, thats the point [2017-02-23 05:25:13] mark121 : unfortunately i am 100% certain and its not even debatable so -- I suggest u figure out why that is, before callin any1 an idiot [2017-02-23 05:25:34] ThruTheFloor : Pretty sure we crashed last two PBoC announcements [2017-02-23 05:25:39] mark121 : lol [2017-02-23 05:25:43] rapidtrades : it's cause ur stupid that's why @mark121 [2017-02-23 05:25:53] mark121 : dude [2017-02-23 05:26:03] mark121 : ur ignorance will keep u clueless rapidtrades [2017-02-23 05:26:25] rapidtrades : go here https://www.reddit.com/r/Bitcoin/ [2017-02-23 05:26:29] rapidtrades : for the stupid ppl [2017-02-23 05:26:36] mark121 : thruthefloor, yes it seemed that way, thats the point - those in control, the big players, use those times short the market, etc [2017-02-23 05:26:48] l3f : rapidtrades: up or down bro [2017-02-23 05:26:48] mark121 : whats wrong with u [2017-02-23 05:27:03] ThruTheFloor : mark121: Ok, know it all, go ahead. Ignore all news. See how that works out for you. But dont come here asking why the price randomly drops like a stone from time to time for no reason [2017-02-23 05:27:18] mark121 : huh [2017-02-23 05:27:20] mark121 : lmao [2017-02-23 05:27:32] mark121 : "whats wrong with u" was for rapidtrades [2017-02-23 05:27:41] mark121 : not sure why u gettin all defensive thruthefloor lmao [2017-02-23 05:28:11] l3f : ThruTheFloor: buy dips bro [2017-02-23 05:28:13] rapidtrades : mark121: its cos noone wants to be talked down by a simpleton [2017-02-23 05:28:52] ThruTheFloor : l3f: Not the point here. He's saying news has no effect on price whatsoever. [2017-02-23 05:29:06] l3f : ThruTheFloor: price usually drops fire [2017-02-23 05:29:08] l3f : first* [2017-02-23 05:29:16] l3f : news just explains why it dropped [2017-02-23 05:29:24] mark121 : lol [2017-02-23 05:29:35] mark121 : what im telling u [2017-02-23 05:29:37] mark121 : is factual [2017-02-23 05:29:58] mark121 : anyhow [2017-02-23 05:29:59] c.l : x17 mistype 1134 :) [2017-02-23 05:30:06] ThruTheFloor : So it's just a coincidence, every single time? Insider trading conspiracy? Price is psychic? [2017-02-23 05:30:13] mark121 : do ur thang fellas [2017-02-23 05:30:19] mark121 : its why btc is so fkn profitable :) [2017-02-23 05:33:29] Coconuter : green dildoooooowww [2017-02-23 05:33:45] mark121 : wud make a good socio/psych example or casestudy : [2017-02-23 05:33:45] ThruTheFloor : To the moon!!! ┗(°0°)┛ [2017-02-23 05:33:47] Coconuter : here we come [2017-02-23 05:34:03] ThruTheFloor : We need a moon bot [2017-02-23 05:34:12] shery : /moon [2017-02-23 05:34:25] ThruTheFloor : Someone less lazy than me has to make it [2017-02-23 05:34:47] mark121 : u guys kill me [2017-02-23 05:34:47] mark121 : lmao [2017-02-23 05:36:23] ThruTheFloor : There are 473 bots here. Like, what do they all do? I've only seen like 2. [2017-02-23 05:36:44] ThruTheFloor : It's creepy they're just watching, waiting, but for what? [2017-02-23 05:37:01] Coconuter : /joke [2017-02-23 05:37:05] trollbot : ``` What does the Trump administration use instead of emails? Alternative fax. Edit: This is not a political statement. I do not have an agenda. This is a bad pun for you guys to enjoy. Wake up sheeple!``` [2017-02-23 05:37:41] mark121 : i assume rapidtrades and thruthefloor, u guys are relatively new traders? (no offense at all) [2017-02-23 05:37:48] mark121 : jus wondering [2017-02-23 05:38:01] ThruTheFloor : There's trollbot and REKT, what do the other 400 do? [2017-02-23 05:38:11] ThruTheFloor : /dump [2017-02-23 05:38:13] ThruTheFloor : /pump [2017-02-23 05:38:20] mark121 : one tells jokes :p [2017-02-23 05:38:25] ThruTheFloor : /sudo rm -f / [2017-02-23 05:38:37] mark121 : gues that is trollbot [2017-02-23 05:38:53] ThruTheFloor : mark121: What about the other 470 tho? [2017-02-23 05:39:06] mark121 : backups [2017-02-23 05:39:08] ThruTheFloor : That's a lot of bots that dont talk to us [2017-02-23 05:39:09] mark121 : :p [2017-02-23 05:39:17] ThruTheFloor : /jump [2017-02-23 05:39:19] ThruTheFloor : /quote [2017-02-23 05:39:21] ThruTheFloor : /hello [2017-02-23 05:39:29] ThruTheFloor : ... [2017-02-23 05:42:01] MikeHunt : could be listening for orders [2017-02-23 05:44:02] ThruTheFloor : So trading bots are included in the count? Makes sense I guess [2017-02-23 05:46:31] ThruTheFloor : Not very fun though [2017-02-23 05:46:48] mark121 : figured u knew that and was jus havin fun :] [2017-02-23 05:47:11] ThruTheFloor : I'm so fukking bored [2017-02-23 05:47:30] mark121 : +1 guess what the other 400 bots do game [2017-02-23 05:48:13] ThruTheFloor : Who wants to play a game?