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

<<  >>  English  中文  Русский  한국어  日本語  Español  Français 
[2024-02-19 18:41:38] heybit2 : fastenn seatbelt
[2024-02-19 18:41:42] thesecretsimplykj : you cant believe yourself
[2024-02-19 18:41:47] Joeyy132 : The high volume spikes are where there is a some real trades happening
[2024-02-19 18:42:12] Joeyy132 : all Low volume is all fake. 90% of transaction are wash trades
[2024-02-19 18:42:13] Full Planche : Watch what happened with traditional etfs like qqq or spy, when stocks were added. Also how those etfs influence prices of the underlying assets
[2024-02-19 18:42:38] thesecretsimplykj : where can I see hints to those short trades
[2024-02-19 18:42:43] thesecretsimplykj : I sincerely wanna know
[2024-02-19 18:42:53] thesecretsimplykj : cause I cant see evidence, maybe I dont know something here
[2024-02-19 18:42:56] thesecretsimplykj : :)
[2024-02-19 18:43:04] thesecretsimplykj : wash*
[2024-02-19 18:43:18] Joeyy132 : They run it up on low volume fake 0.001 trades so that retail and other traders put orders to buy at “support” so they have liquidity to dump it
[2024-02-19 18:43:35] Full Planche : Joeyy132: at low volume exchanges and poop coins yes, but no way its above 10% on btc
[2024-02-19 18:43:49] Full Planche : More in the few percentage
[2024-02-19 18:43:52] Joeyy132 : Nobody is really buying it’s easy to make price go up when nobody is selling lol
[2024-02-19 18:43:57] thesecretsimplykj : you sound like a fanatic that repeats his stuff to itself man
[2024-02-19 18:44:12] Joeyy132 : until they sell and then it’s one red candle cancels out 10 days of “organic growth “ lol
[2024-02-19 18:44:31] Joeyy132 : Everything above 30k in this run is fake and we will be back there in no time
[2024-02-19 18:44:42] Joeyy132 : thesecretsimplykj: nah man it’s just truth
[2024-02-19 18:44:43] thesecretsimplykj : we wont see 30Ks ever again
[2024-02-19 18:44:46] Joeyy132 : thesecretsimplykj: lol
[2024-02-19 18:44:49] Joeyy132 : troll
[2024-02-19 18:45:07] thesecretsimplykj : thats most probably the thruth on the current date
[2024-02-19 18:45:11] Joeyy132 : I won’t even screenshot that to throw back at ya when we get there coz I know ur joking
[2024-02-19 18:45:33] Crypto_Cowboy_1982 : Joeyy132: deluded
[2024-02-19 18:45:53] jjhiijiji : Crypto_Cowboy_1982: extremely
[2024-02-19 18:45:56] thesecretsimplykj : I kinda hope Im wrong with the 38.6K spring and two months reaccumulation that happenend in dec/jan my friend
[2024-02-19 18:45:58] heybit2 : down on the ground
[2024-02-19 18:45:58] Joeyy132 : Crypto_Cowboy_1982: no bro
[2024-02-19 18:45:59] Full Planche : If traditional markets stay elevated where they are, hard to see btc falling more than 20-30%
[2024-02-19 18:46:03] Crypto_Cowboy_1982 : hope you didn't miss out on all the cheap corn
[2024-02-19 18:46:04] thesecretsimplykj : else its a low chance we visit 30Ks again
[2024-02-19 18:46:09] Crypto_Cowboy_1982 : because those days are behind us
[2024-02-19 18:46:11] thesecretsimplykj : thats what data and research suggests
[2024-02-19 18:46:44] Joeyy132 : Crypto_Cowboy_1982: I started buying at 800usd . Deffo don’t miss the cheap corn lol
[2024-02-19 18:47:02] thesecretsimplykj : 20% drop from 0.618 fib (49K) to 38.6K was a healthy 22 % drop we are in new leg phase
[2024-02-19 18:47:19] thesecretsimplykj : 50-52K like I said will be the LPSY, if we finish this there is no hiding for bears
[2024-02-19 18:47:21] heybit2 : satoshi came back yesterday calling
[2024-02-19 18:47:33] Joeyy132 : Full Planche: Akos there’s a financial crisis in March according to arthur so bear that in mind short term
[2024-02-19 18:47:40] heybit2 : he said he is dumping cause he hates all corporation
[2024-02-19 18:47:55] Full Planche : Joeyy132: would love to see that. Yet i dont care about predictions
[2024-02-19 18:47:58] thesecretsimplykj : Joeyy132: https://insights.glassnode.com/the-week-onchain-week-07-2024/ here if you want data combined in a 6 minute read, real analysis
[2024-02-19 18:48:04] heybit2 : guy satoshi called
[2024-02-19 18:48:15] Full Planche : All these fortune tellers are more wrong than right
[2024-02-19 18:48:18] heybit2 : he said he wat to dump you are werned
[2024-02-19 18:48:36] Joeyy132 : Crypto_Cowboy_1982: cheap @thesecretsimplykj ty for link have saved it to read later
[2024-02-19 18:49:10] Joeyy132 : If u guys been here since 2016 you should know how the game goes
[2024-02-19 18:49:13] Joeyy132 : nothing changed
[2024-02-19 18:49:39] thesecretsimplykj : 2016 was east > west - today we have by far west > east
[2024-02-19 18:49:41] Joeyy132 : I miss the cheap Bitconnect days
[2024-02-19 18:49:43] heybit2 : thesecretsimplykj: thx nice
[2024-02-19 18:49:54] Joeyy132 : thesecretsimplykj: I don’t know what that means
[2024-02-19 18:50:06] thesecretsimplykj : that means that west is controlling btc fully since 2023
[2024-02-19 18:50:42] thesecretsimplykj : thats why the bottom is flat after sbf got flushed and we dont do a pre bullmarket sharp rally into dumpage, we steadily increased for one year with continuous 20% dumps on the way
[2024-02-19 18:51:26] thesecretsimplykj : literally everything changed since 2016 in this market and this is what people will bitterly pay if they dont recognize this cycle
[2024-02-19 18:53:12] thesecretsimplykj : 2021 a double top with the second top being higher - never happened. people need to think twice if they call for sure pre halving dump
[2024-02-19 18:54:03] Joeyy132 : thesecretsimplykj: you make some good obvservation
[2024-02-19 18:54:27] Joeyy132 : i think this cycle is deiffernt because it’s the last one before it all goes to sh1t lol
[2024-02-19 18:54:30] Joeyy132 : just a hunch
[2024-02-19 18:54:41] Joeyy132 : So they need maximum exit liquidty
[2024-02-19 18:54:52] Joeyy132 : Very valid points you make
[2024-02-19 18:57:18] thesecretsimplykj : yeah I dont allow myself to do predictions at the future as a trader. It may all go to shit after next ath but here the data suggests different outcomes
[2024-02-19 18:57:21] thesecretsimplykj : <3
[2024-02-19 18:57:33] thesecretsimplykj : we all in this together boys and girls
[2024-02-19 18:58:44] thesecretsimplykj : dont forget in these years blackrock teammeetings the narrative of "pre halving dumps 100% before ath" amongst btc traders was the entrance joke to discuss future investments haha
[2024-02-19 19:06:58] GRILL__THE_BERA71 : ups fake bounec canceled
[2024-02-19 19:07:11] GRILL__THE_BERA71 : nukezi
[2024-02-19 19:07:42] Eluus : I will move my funds out of Bitmex asap
[2024-02-19 19:07:51] Eluus : This exchange is horrible to long
[2024-02-19 19:08:07] Eluus : funding always so expensive
[2024-02-19 19:08:35] Eluus : I've paid half a bitcoin for funding already ffs
[2024-02-19 19:08:56] Eluus : other exchanges have 0.01, here it is 0.0377
[2024-02-19 19:09:02] jjhiijiji : how big is ur pos?
[2024-02-19 19:09:05] jjhiijiji : ;p
[2024-02-19 19:09:06] jjhiijiji : goddamn
[2024-02-19 19:09:12] Eluus : 400000 contracts
[2024-02-19 19:09:13] Shawn-Williams : Bot movement has stopped and players entered in market. Its a big boy movement and he is brining it down.
[2024-02-19 19:09:28] fcarvas : Market flush is coming
[2024-02-19 19:09:35] Eluus : also the order book is empty here
[2024-02-19 19:09:56] GRILL__THE_BERA71 : beras staring to wror
[2024-02-19 19:09:59] GRILL__THE_BERA71 : good
[2024-02-19 19:10:08] GRILL__THE_BERA71 : more to grill
[2024-02-19 19:12:00] jjhiijiji : ive complained about fees in the past too especially for alts
[2024-02-19 19:12:02] Bubblemania : thesecretsimplykj: well, thinking of next ATH is guaranteed is an assumption based on past performance. I am cautious with such assumptions once it invalidated one of its other past behaviour - closed below former ATH which never happened before.
[2024-02-19 19:12:03] Shawn-Williams : well if it goes up or down or sideways, money is always made on every move. No bull and no bear, just trader
[2024-02-19 19:12:21] RonnieREKT : 🔥 Liquidated long on `XBTUSD`: Sell 5500 USD @ 51789.5
[2024-02-19 19:12:28] LickMyBulls : Funding on alts is a joke here.
[2024-02-19 19:12:50] jjhiijiji : even on btc at this moment 0.377% come on
[2024-02-19 19:12:56] jjhiijiji : 0.03*
[2024-02-19 19:13:55] The Emerging Bull : /position xbtusd ``` :bitmex: XBTUSD: -25,000 USD @ 52429.0373 ```
[2024-02-19 19:14:11] Kruithofb : /position ethusdt ``` :bitmex: ETHUSDT: -0.2 ETH @ 2950 ```
[2024-02-19 19:14:17] Kruithofb : Small lol
[2024-02-19 19:14:37] Kruithofb : The Emerging Bull: took profits on the dump?
[2024-02-19 19:15:18] The Emerging Bull : Yes closed 10k already. Adding at 52.6 as expect a dump this week.
[2024-02-19 19:15:39] The Emerging Bull : Could dump from here or could go to 53.9
[2024-02-19 19:15:51] thesecretsimplykj : Bubblemania: did I say guaranteed. I cant remember in that whole convo we had. You are obviously right, its the same view as its guaranteed we pre halving dump :) I would say here above 0.618 retracement of the whole bear cycle and being very near to the top coming from a reaccumulation the probability of doing ath or going to 11K is clearly in favour of the bullish cases.
[2024-02-19 19:16:41] thesecretsimplykj : I normally dont use the word guaranteed ever lol
[2024-02-19 19:16:53] thesecretsimplykj : that sounds like my counter part in that convo haha
[2024-02-19 19:18:25] Kruithofb : The Emerging Bull: i also think around 535 the top
[2024-02-19 19:19:07] The Emerging Bull : yes, me too. Adding there if we get there ut decent chance we topped for a bit as well.
[2024-02-19 19:19:49] Kruithofb : Ether max 3050-3100
[2024-02-19 19:20:03] thesecretsimplykj : and btc invalidated one of its old behaviours :P like I said with the 68K top (Double Top - never happened like that). Prehalving Bullrun never was steady like this. Always about some weeks/months hardcore and then hard rejected at 0.618 into pre halving dump.
[2024-02-19 19:20:54] thesecretsimplykj : I 100% eye on 53.4K from here into dump to 44-45K Range into ath. but thats what the market need to show with data and stuff.
[2024-02-19 19:22:38] thesecretsimplykj : that would at least be the absolute swing traders dream
[2024-02-19 19:23:53] jjhiijiji : thesecretsimplykj: +1 on ur general take on things
[2024-02-19 19:24:09] thesecretsimplykj : but we can go ath from consolidation here - thats not invalidated until dump under 48.4K. Initially on 42K Range the signs showed 50-52K range for LPSY (Last Point of Supply) and then over 55K.
[2024-02-19 19:24:12] thesecretsimplykj : still intact
[2024-02-19 19:24:17] thesecretsimplykj : jjhiijiji: <3#
[2024-02-19 19:24:20] thesecretsimplykj : <3
[2024-02-19 19:25:32] thesecretsimplykj : basically thats the whole play book what I write here lmao
[2024-02-19 19:26:24] RobVacation : the observation gives you the best tips of all.
[2024-02-19 19:26:49] rxr : bitcoin already ATH in japanese yen
[2024-02-19 19:26:51] rxr : time for USD
[2024-02-19 19:27:07] rxr : governments only know how to devalue their currency
[2024-02-19 19:27:09] rxr : so bitcoin can only go up
[2024-02-19 19:27:13] rxr : simple
[2024-02-19 19:27:45] rxr : buy all dips
[2024-02-19 19:28:02] jjhiijiji : Bubblemania: i believe that saying it 'has to dump to x levels because it happened past cycle' is definitely assuming based on past performance which you really need to be cautious with, but talking about a new ATH is not about that. preditcting new ATH is mroe about market conditions and that fact that huge money is pouring in making it more probably to pump rather than dump
[2024-02-19 19:28:15] heybit2 : you were wernered
[2024-02-19 19:28:17] jjhiijiji : more probable*
[2024-02-19 19:30:07] doublecheese : I am tempted to open an eth long but funding is something crazy for a long time trader like me
[2024-02-19 19:30:32] thesecretsimplykj : jjhiijiji: yep exactly I see it like that aswell, I may said guaranteed at this point but Bubblemania is right. In a 2D world both is assumption on past performance.
[2024-02-19 19:30:39] RobVacation : and unquenchable thirst for information and knowledge
[2024-02-19 19:30:48] doublecheese : /position xbtusd ``` :bitmex: XBTUSD: 2,500 USD @ 52405 ```
[2024-02-19 19:30:51] doublecheese : Longed the top lol
[2024-02-19 19:31:10] jjhiijiji : thesecretsimplykj: lets say there were no historical charts and u didnt have access to historical data whatsoever or knew the price
[2024-02-19 19:31:11] doublecheese : Had to close and reenter because I thought formula didn't scale
[2024-02-19 19:31:14] jjhiijiji : given todays market conditions
[2024-02-19 19:31:15] thesecretsimplykj : RobVacation: actually the craziest, best advice I ever read here. Put your thinking of being the Top G aside and learn the fuck.
[2024-02-19 19:31:23] jjhiijiji : its probably going up not crashing down
[2024-02-19 19:31:32] jjhiijiji : past performance completely aside
[2024-02-19 19:31:42] RobVacation : thesecretsimplykj: haha
[2024-02-19 19:31:43] jjhiijiji : there are good reasons for more upside, but not too many for a collapse
[2024-02-19 19:31:49] thesecretsimplykj : jjhiijiji: yep exactly :)
[2024-02-19 19:32:52] BTCcheers : https://www.tradingview.com/x/w1aI0ZQo/ btfd btc lezgoo
[2024-02-19 19:33:12] doublecheese : Tempted so tempted to long eth. Gotta keep my greed and FOMO in check. I already have exposure spot to eth
[2024-02-19 19:33:14] thesecretsimplykj : RobVacation: markets are swallowing huge ego's until they are nothing and quit or actually start to learn stuff. btc margin trading is like a magnet for uninformed guys coming here thinking they are john wick in trading. Thats kinda the beatuy of it <3
[2024-02-19 19:33:59] RobVacation : yep min ego dont be a mucho with the market
[2024-02-19 19:34:45] RobVacation : and watch a blind spots
[2024-02-19 19:34:53] jjhiijiji : nothing is guaranteed
[2024-02-19 19:35:02] jjhiijiji : thats where u can usually spot the ones who know a bit and the ones that dont
[2024-02-19 19:35:10] RobVacation : watch out for*
[2024-02-19 19:35:17] jjhiijiji : the ones that have no idea usually the ones that guarantee you sh!t constantly\
[2024-02-19 19:36:21] thesecretsimplykj : jjhiijiji: yep true
[2024-02-19 19:36:35] Nullmaster : A new bullrun has started
[2024-02-19 19:36:43] RobVacation : u know u need learn all the way
[2024-02-19 19:37:07] RobVacation : memory, expierence, imprtant
[2024-02-19 19:37:25] thesecretsimplykj : markets are swallowing huge ego's until they are nothing and start to reason their lack of knowledge with biblical shit, quit or actually start to learn stuff."
[2024-02-19 19:37:30] thesecretsimplykj : thats how it should be
[2024-02-19 19:37:48] thesecretsimplykj : 3-Way outcome haha
[2024-02-19 19:37:48] Bubblemania : Nothing, absolutly nothing is guaranteed. In the year 2020 I saw market panic selling 6k and fomo buying 40k, the same year
[2024-02-19 19:39:21] doublecheese : Bubblemania: I understand fomo buying but no clue why people would panic sell, unless they are on margin. Bitcoin Always come back
[2024-02-19 19:39:54] thesecretsimplykj : doublecheese: even on 100x there is not need to panic if I have risk management and know what Im doing
[2024-02-19 19:39:56] BTCcheers : bullish 5min charts say absolutely gauranteed up btc
[2024-02-19 19:40:02] BTCcheers : https://www.tradingview.com/x/Ow9rDg4Y/
[2024-02-19 19:40:16] thesecretsimplykj : funnily enough - leverage is a way of decreasing risk initially
[2024-02-19 19:40:20] GRILL__THE_BERA71 : BTCcheers: 😆
[2024-02-19 19:40:40] thesecretsimplykj : but not in the hands of someone with no clue - it turns to casino slider
[2024-02-19 19:40:53] doublecheese : thesecretsimplykj: lmao I am 1.35x currently and scared as fuk. However I don't use stop losses and am on cross
[2024-02-19 19:41:18] thesecretsimplykj : doublecheese: probably your whole capital right?
[2024-02-19 19:42:34] migozelaaa : Poor bears
[2024-02-19 19:42:37] migozelaaa : No learn
[2024-02-19 19:42:59] doublecheese : thesecretsimplykj: nope. Half of my capital of margined btc, the other half longed elsewere. Then there's spot alts but no worries about them because no liq price
[2024-02-19 19:43:34] doublecheese : Elsewhere*
[2024-02-19 19:43:41] thesecretsimplykj : I'd rather like do a btc trade on 5X with 20% of my capital adn free the rest 80% of the capital for other trades and have the same risk. this is exactly like the real estate market works where banks give you money aka leverage.
[2024-02-19 19:44:03] BTCcheers : https://www.tradingview.com/x/dfzYlK1r/ 5min horizontals btfd lezgoooo ez monee longz btc
[2024-02-19 19:44:41] thesecretsimplykj : doublecheese: half of oyur margined btc, that means you are roughly 0.68x leverage on your whole "margin trading capital"
[2024-02-19 19:44:42] doublecheese : thesecretsimplykj: which other trades though? When It pumps btc It pumps everything. It's not like you can short something and long something else. So what's the point?
[2024-02-19 19:45:14] Vladimir.Putin : :rocket:
[2024-02-19 19:45:38] doublecheese : thesecretsimplykj: nope. 1.35x here, 2x elsewhere
[2024-02-19 19:45:39] thesecretsimplykj : doublecheese: other trades can be the same asset but like lower or higher :D and suddenly you create a profit cascade, risk free of your managed capital (coutious here you need to really understand that)
[2024-02-19 19:45:50] Vladimir.Putin : low cap coin this week make more money that laverage trade
[2024-02-19 19:46:06] Atlemos : Ripple stays a little stronger atm
[2024-02-19 19:46:41] thesecretsimplykj : doublecheese: and you can actually short btc and long ripple and then long btc future and have 3 trades here
[2024-02-19 19:46:46] thesecretsimplykj : just an examle
[2024-02-19 19:46:50] thesecretsimplykj : p
[2024-02-19 19:47:14] Vladimir.Putin : in Doge :Doge: we trust
[2024-02-19 19:47:59] doublecheese : thesecretsimplykj: I never understood this. If you both long and short you are not guaranteed you Will be able to close both in profit. Also even more unlikely in trending markets
[2024-02-19 19:48:32] thesecretsimplykj : doublecheese: the shlong can be utilized in different ways
[2024-02-19 19:48:46] thesecretsimplykj : lets say funding rate here is positive
[2024-02-19 19:48:51] thesecretsimplykj : 0.0377
[2024-02-19 19:48:56] thesecretsimplykj : I want to milk that
[2024-02-19 19:49:19] BTCcheers : https://www.tradingview.com/x/CFRXMIPz/ 15min bullish btc bottomed longitt
[2024-02-19 19:49:20] thesecretsimplykj : I go same size perps short and futures long.
[2024-02-19 19:49:42] thesecretsimplykj : and I can milk the funding
[2024-02-19 19:49:57] thesecretsimplykj : or some people build a long at like 43K BTC and then shorted here
[2024-02-19 19:50:22] doublecheese : thesecretsimplykj: isn't there a premium and a fee for closing/opening positions? It can't be that Easy lol
[2024-02-19 19:51:18] thesecretsimplykj : doublecheese: Limit Orders even have small fees if you dont stack BMEX here to reduce them
[2024-02-19 19:51:24] thesecretsimplykj : as you "make" the market
[2024-02-19 19:51:38] Vladimir.Putin : focus trade, forget funding ... only care about funding if become to high
[2024-02-19 19:51:39] thesecretsimplykj : market orders have insane fees thats right, one should not do that
[2024-02-19 19:51:53] jjhiijiji : thesecretsimplykj: i did that . started long from 42k, closed big amount of it, added to it massivelyh which raised my entry price but became a risk free big long, and entered a hedged short from 51500
[2024-02-19 19:51:55] doublecheese : thesecretsimplykj: oh that's why I get rekt everytime market opening/closing
[2024-02-19 19:51:59] jjhiijiji : so now im also hedged
[2024-02-19 19:52:07] thesecretsimplykj : doublecheese: yep probably :D
[2024-02-19 19:52:49] jjhiijiji : short hedge is on 1x just collecting funding and maintaining dollar value
[2024-02-19 19:52:50] thesecretsimplykj : you have on like 1 million dollar positions 0.0010 btc fees limit ordering without stacking a single bmex token here ;)
[2024-02-19 19:52:56] doublecheese : jjhiijiji: if it keeps pumping you stop making profits tho
[2024-02-19 19:53:17] thesecretsimplykj : jjhiijiji: exactly, thats actually trading
[2024-02-19 19:53:19] jjhiijiji : doublecheese: no i dont because my long is 44k and risk free and ive already made the profits im happy with since i closed most of my initial pos
[2024-02-19 19:53:23] thesecretsimplykj : not gambling
[2024-02-19 19:53:37] Vladimir.Putin : Doge :rocket: :doge:
[2024-02-19 19:54:30] Vladimir.Putin : AMM give more money rather than future funding
[2024-02-19 19:54:34] jjhiijiji : so now if it goes down, i keep all my profits i closed, if it goess up more thats great but i dont care if it doesnt and if it drops back down ive managed to make profit in both directions. if it goes up i make a little bit less than i would have without the short, but if it goes down i end up having longed a local top and u make money on the way down too @doublecheese
[2024-02-19 19:54:38] Vladimir.Putin : Automated market maker
[2024-02-19 19:55:03] doublecheese : You sirs are clearly good traders. I'll never be able to do that lol
[2024-02-19 19:55:34] doublecheese : I'm just a permabull but at least I stopped overleveraging
[2024-02-19 19:55:46] jjhiijiji : hedgging just minimizes risk for potentially less gains if it keeps going up
[2024-02-19 19:55:54] jjhiijiji : its an added layer to risk management
[2024-02-19 19:56:09] thesecretsimplykj : doublecheese: trading is learning as fuck mate - as @RobVacation very well said. the observation gives you the best tips of all. (be a trader here and invest your time and do stuff) and first and foremost unquenchable thirst for information and knowledge
[2024-02-19 19:56:22] jjhiijiji : also a 1x shorr maintains ur dollar value so ur not really losing anything in that sense
[2024-02-19 19:56:35] jjhiijiji : just gaining dollar value of funding u gained
[2024-02-19 19:56:47] jjhiijiji : 1xshort on xbtusd is basically like being in the dollar plus funding
[2024-02-19 19:57:33] thesecretsimplykj : ^
[2024-02-19 19:57:49] doublecheese : jjhiijiji: 1x long is not though? I am 1.35x long and my collateral appreciates and plus I have xbt returns
[2024-02-19 19:57:55] jjhiijiji : doublecheese: no, its not
[2024-02-19 19:58:11] thesecretsimplykj : thats why you sometimes see people have 3 million dollar shorts and they price is increasing. they simply dont trade and are dollar value - there is no rekt. you need to think big the higher your stack gets
[2024-02-19 19:58:14] jjhiijiji : doublecheese: as in, a 1x long is not lke holding dollar at all
[2024-02-19 19:58:33] jjhiijiji : doublecheese: if price moves against u on 1x long, not only your losing btc, but its value is ALSO dropping
[2024-02-19 19:58:45] Vladimir.Putin : only long on ethusd and only short on xbtusd, that how the formula work better. :doge:
[2024-02-19 19:58:46] jjhiijiji : with a 1x short, u are losing some btc but BTC is worth more
[2024-02-19 19:59:18] jjhiijiji : example : u longed 1 BTC at 10k USD price. if price goes to 20k u lose half ur btc and are left with 0.5 btc
[2024-02-19 19:59:22] jjhiijiji : but 0.5 btc at price of 20k...
[2024-02-19 19:59:25] jjhiijiji : is still 10k usd
[2024-02-19 19:59:46] doublecheese : Vladimir.Putin: here Is the guy Who explained to me Better formula for ethusd @jjhiijiji @thesecretsimplykj
[2024-02-19 20:00:12] jjhiijiji : if u long 1x, and it goes down, ur left with less bitcoin at lower value so doesnt work that way ;/
[2024-02-19 20:00:28] doublecheese : I was talking about this earlier today
[2024-02-19 20:00:35] Vladimir.Putin : doublecheese: its about iiquidation, with 1x, short xbtusd no liquidation, long ethusd no liquidation
[2024-02-19 20:00:38] migozelaaa : No more short
[2024-02-19 20:00:48] migozelaaa : 54k coming
[2024-02-19 20:01:09] Vladimir.Putin : if u long btc even with 1x laverage 50% down = REKT
[2024-02-19 20:01:25] jjhiijiji : yeh u cant liq with 1x short
[2024-02-19 20:01:26] doublecheese : Vladimir.Putin: however if funding erodes your position your liq price gonna increase
[2024-02-19 20:01:39] jjhiijiji : and ur usually gaining funding ... not losing
[2024-02-19 20:01:54] jjhiijiji : shorts get paid every time there is funding unless funding rate is negative, which is very rare
[2024-02-19 20:02:00] jjhiijiji : rare in a bull market at least
[2024-02-19 20:02:15] Vladimir.Putin : doublecheese: yap, but i start to forget about funding, will think about that just if funding to high (not to take trade)
[2024-02-19 20:02:55] doublecheese : Vladimir.Putin: funding on eth was Crazy today (0.09%)
[2024-02-19 20:03:28] doublecheese : jjhiijiji: you can't be liq with short but you May not even be able to close it at break even
[2024-02-19 20:03:48] jjhiijiji : doublecheese: dude you didnt understand that you maintain dollar value i explained it higher up
[2024-02-19 20:03:54] jjhiijiji : no matter where you close, ur dollar value stays the same
[2024-02-19 20:03:58] jjhiijiji : scroll up read the example i gave you
[2024-02-19 20:04:02] Vladimir.Putin : DOGE :rocket:
[2024-02-19 20:04:19] jjhiijiji : you are literally risking 0 dollars with a 1x short.
[2024-02-19 20:04:51] jjhiijiji : even if u close at 10x higher price, u will have 10x less bitcoin left in ur account, but its value is now 10x more than it was
[2024-02-19 20:04:53] jjhiijiji : so you havnt lose anything
[2024-02-19 20:04:54] thesecretsimplykj : yup because you trade xbt here (on xbtusd contract)
[2024-02-19 20:04:55] jjhiijiji : .....
[2024-02-19 20:05:12] doublecheese : jjhiijiji: oh ok I understand
[2024-02-19 20:05:16] thesecretsimplykj : 1x short is like going into dollar
[2024-02-19 20:05:24] jjhiijiji : yes its litereally like sitting in USD
[2024-02-19 20:05:28] jjhiijiji : literally
[2024-02-19 20:05:49] doublecheese : jjhiijiji: @thesecretsimplykj feel safer than holding USDT actually
[2024-02-19 20:07:39] doublecheese : Vladimir.Putin: I am very tempted to close my xbtusd trade and open ethusd 1x. I would gain more. But eth may not increase as much as Bitcoin,and I have already exposure spot to eth
[2024-02-19 20:07:47] jjhiijiji : what?
[2024-02-19 20:07:47] Vladimir.Putin : hedging position long with short is a good concept, but it make complicated and make bias with our trade, better old method = cut loss
[2024-02-19 20:08:11] doublecheese : Vladimir.Putin: however eth contract seems Better, but funding rate is crazy
[2024-02-19 20:08:20] jjhiijiji : doublecheese: dude again
[2024-02-19 20:08:27] jjhiijiji : any longs PAY the funding
[2024-02-19 20:08:42] Vladimir.Putin : doublecheese: in bull run, funding is nothing, that why we only trade on bitmex after / near halving
[2024-02-19 20:09:12] doublecheese : jjhiijiji: I know I am paying It everyday man :D lol
[2024-02-19 20:09:36] jjhiijiji : so why would you switch to an ethlong if funding is higher? :D
[2024-02-19 20:09:40] doublecheese : Vladimir.Putin: are you longing eth or btc?
[2024-02-19 20:10:04] doublecheese : jjhiijiji: cuz my profits at 10k ETH would be 3 times than 150k btc
[2024-02-19 20:10:18] jjhiijiji : oh lol
[2024-02-19 20:10:21] Vladimir.Putin : doublecheese: i take all my money to other exchanger since i think we near to correction, for short alt coin
[2024-02-19 20:10:37] Vladimir.Putin : i will long on bitmex after the correction happend
[2024-02-19 20:10:38] jjhiijiji : ok so thats nothing to do with funding than
[2024-02-19 20:10:44] jjhiijiji : u just wanna long eth cause u think it will grow more
[2024-02-19 20:11:13] jjhiijiji : one is more volatile, but what, you can go up to 100x on btc
[2024-02-19 20:11:15] thesecretsimplykj : but 50K to 150K is 3x and 3K eth to 10K is roughly 3x
[2024-02-19 20:11:40] jjhiijiji : why would you need that tiny bit more growth potential of ETH if u have leverage to use on BTC
[2024-02-19 20:11:52] jjhiijiji : ur at 1.x leverage you said
[2024-02-19 20:12:14] doublecheese : thesecretsimplykj: exactly. But 10 contracts eth give me a return of 0.07btc, but 2500 USD long on btc would give me only 0.03. why? Position sizes should be roughly equal
[2024-02-19 20:12:39] doublecheese : I calculated it
[2024-02-19 20:12:42] doublecheese : Try it
[2024-02-19 20:12:56] jjhiijiji : damn dude no offense but i think u need to look around a little bit more before you start trading seriously
[2024-02-19 20:12:59] jjhiijiji : ur gonna get rekt i can feel it
[2024-02-19 20:13:12] thesecretsimplykj : doublecheese: if you go lets say 2K dollar in eth and 2k dollar in btc and both 3x in price you get the same outcome. thats a percentage game
[2024-02-19 20:13:47] doublecheese : thesecretsimplykj: so only explanation is 10 contracts are valued more, I don't see any other explanation
[2024-02-19 20:14:06] jjhiijiji : i think there is some lack of some very basic maths here
[2024-02-19 20:14:10] Vladimir.Putin : doublecheese: long xbtusd cant make u rich as much ethusd. Example xbtusd up 5x eth up 5x, if u long on xbtusd with1 btc u only get total : 1.8 btc x price of btc,(500%) but in ethusd u get 5btc x price of btc (500%)
[2024-02-19 20:14:13] doublecheese : jjhiijiji: days of me getting rekt are over :) I have a plan and sticking to it.
[2024-02-19 20:14:35] thesecretsimplykj : I lost the thread here because I cant understand the calculation mate :(
[2024-02-19 20:14:38] jjhiijiji : the way ur talking to me though ur calculations... im just getting a big time rekt vibe
[2024-02-19 20:14:50] doublecheese : Vladimir.Putin: see I heard about this from this user @thesecretsimplykj @jjhiijiji
[2024-02-19 20:15:49] jjhiijiji : i suggest you start figuring out how to calculate stuff urself than listening to someone called putin on trollbox (no offense mr putin dont hunt me down with KGB)
[2024-02-19 20:15:51] GRILL__THE_BERA71 : Pi cycle top flashed on solana
[2024-02-19 20:15:56] migozelaaa : Poor bears
[2024-02-19 20:16:10] jjhiijiji : doublecheese: what he said makes absolutely 0 sense
[2024-02-19 20:16:15] Vladimir.Putin : open the PNL formula detail, on xbtusd and ethusd, take to excel than try to simulation, u will understhand the different
[2024-02-19 20:16:20] doublecheese : jjhiijiji: fair point
[2024-02-19 20:16:27] jjhiijiji : if BTC does 500x, and eth does 500x, trust me, in both cases, ur profit will be 500x
[2024-02-19 20:16:28] Vladimir.Putin : open first the formula than u comment me
[2024-02-19 20:16:28] jjhiijiji : hahah
[2024-02-19 20:16:39] jjhiijiji : dude i dont NEED to open any formula this is basic maths
[2024-02-19 20:16:54] Vladimir.Putin : or u can try it on calculator just try
[2024-02-19 20:16:56] jjhiijiji : jesus
[2024-02-19 20:17:07] jjhiijiji : doublechees please listen to me
[2024-02-19 20:17:11] Vladimir.Putin : oh my god just try what im saying on calculator
[2024-02-19 20:17:11] jjhiijiji : you put 1000 dollars on bitcoin
[2024-02-19 20:17:16] jjhiijiji : it goes 10x
[2024-02-19 20:17:21] jjhiijiji : you now have, 10k
[2024-02-19 20:17:26] Vladimir.Putin : bitmex calculator pnl calculator
[2024-02-19 20:17:27] jjhiijiji : lets say you have 1000 usd ETH
[2024-02-19 20:17:37] jjhiijiji : it goes 10x. now if u sell ur eth you have???? 10k again
[2024-02-19 20:17:41] Vladimir.Putin : if not try, let forget about that
[2024-02-19 20:17:45] jjhiijiji : there is 0 difference whatsoever
[2024-02-19 20:18:17] thesecretsimplykj : jjhiijiji: yeah exactly haha I dont see how there can be a difference
[2024-02-19 20:18:36] jjhiijiji : i dont understand how u can be trading if u cant do that very basic maths
[2024-02-19 20:18:41] jjhiijiji : how can you even come up with any strategy
[2024-02-19 20:18:53] doublecheese : jjhiijiji: yes that's what I always thought as well, that user made me doubt as he seemed very confident about the different formula
[2024-02-19 20:19:46] jjhiijiji : man
[2024-02-19 20:19:46] Vladimir.Putin : bro just try on calculator bitmex, try this entry price 1 exit price 10, input volume 1 btc, try on PNL calculator on xbtusd and ethusd, u tell me the result
[2024-02-19 20:19:58] jjhiijiji : doublecheese: the most confident people here are the ones you shouldnt listen to
[2024-02-19 20:20:21] jjhiijiji : you should know with certainty that if you buy any product
[2024-02-19 20:20:23] jjhiijiji : fertilizer
[2024-02-19 20:20:23] jjhiijiji : apples
[2024-02-19 20:20:26] jjhiijiji : bananas
[2024-02-19 20:20:31] jjhiijiji : and the price goes up 10x
[2024-02-19 20:20:34] jjhiijiji : obviously if u sell it
[2024-02-19 20:20:38] jjhiijiji : you have 10x your initial investment
[2024-02-19 20:20:41] doublecheese : jjhiijiji: I believe in my strategy. If I stick to it I'm sure I am gonna win. Not much, but still
[2024-02-19 20:20:44] jjhiijiji : its fckin simple primary school maths
[2024-02-19 20:20:59] jjhiijiji : u learnt shit sh!t when u were 8 or smth
[2024-02-19 20:21:18] doublecheese : jjhiijiji: what tricked me Is the xbt returns. With USDT I have no problems understanding that lol
[2024-02-19 20:21:38] migozelaaa : Poor bears
[2024-02-19 20:21:42] migozelaaa : 54k this week
[2024-02-19 20:21:52] Vladimir.Putin : xbtusd formula PNL = (1/exitprice - 1/entryprice) ethusd formula PNL = (exitprice-entryprice) its different
[2024-02-19 20:22:04] migozelaaa : Maybe 60k
[2024-02-19 20:23:04] doublecheese : Where can I found these formulas on bitmex official source?
[2024-02-19 20:23:17] Vladimir.Putin : doublecheese: on contract specification detail
[2024-02-19 20:23:42] thesecretsimplykj : Vladimir.Putin: but you trade the ethusd with btc as colleteral
[2024-02-19 20:23:47] thesecretsimplykj : I think thats the fuckup we have here
[2024-02-19 20:23:48] Vladimir.Putin : that why long xbtusd pnl cant more 100%
[2024-02-19 20:24:07] Vladimir.Putin : thesecretsimplykj: that make thing exponensial profit,
[2024-02-19 20:24:14] doublecheese : Will check that
[2024-02-19 20:24:17] jjhiijiji : wtf????
[2024-02-19 20:24:18] jjhiijiji : dude
[2024-02-19 20:24:24] Vladimir.Putin : just try on calculator sir, i dont want see like no everything
[2024-02-19 20:24:28] thesecretsimplykj : what ok thats wrong
[2024-02-19 20:24:30] jjhiijiji : you think an xbtusd pnl wont go more than 100%?
[2024-02-19 20:24:31] Vladimir.Putin : know*
[2024-02-19 20:24:33] jjhiijiji : dude
[2024-02-19 20:24:36] thesecretsimplykj : Im trading here for 6 years haha
[2024-02-19 20:24:37] jjhiijiji : right now if price went to 200k
[2024-02-19 20:24:42] jjhiijiji : you would have more than 100% profit
[2024-02-19 20:25:59] Vladimir.Putin : jjhiijiji: calculator dont said that, just try it, xbtusd long entry 1 exit 1000, how much u get btc
[2024-02-19 20:26:01] jjhiijiji : ur very confused. i think maybe u want to say that if you short 1x you cant have over 100% gains maybe?
[2024-02-19 20:26:07] jjhiijiji : man vladimir
[2024-02-19 20:26:15] jjhiijiji : you just said a 1x long cant go over 100% PNL
[2024-02-19 20:26:18] jjhiijiji : what the fck are you smoking
[2024-02-19 20:26:29] Vladimir.Putin : we dont need to argue each other just try bitmex calculator
[2024-02-19 20:27:13] jjhiijiji : thesecretsimplykj: whats going on here? ;p
[2024-02-19 20:27:19] jjhiijiji : i think ill just stop talking now
[2024-02-19 20:27:28] thesecretsimplykj : you know that on the calculator size means dollar value on XBTUSD
[2024-02-19 20:27:55] thesecretsimplykj : jjhiijiji: Im severely confused man If im honest because I never needed a calc to make the exact perfect calculations for risk management, simple math
[2024-02-19 20:27:59] doublecheese : jjhiijiji: I'm just a noob man. Just trying to understand
[2024-02-19 20:28:01] jjhiijiji : hes getting confused over a bloody calculator
[2024-02-19 20:28:05] jjhiijiji : and doubting REASON
[2024-02-19 20:28:06] migozelaaa : Wake up Roonie
[2024-02-19 20:28:12] migozelaaa : 60k no less
[2024-02-19 20:28:15] jjhiijiji : this is some basic primary school maths were talking about here
[2024-02-19 20:28:19] ribben : where do you find that calculator
[2024-02-19 20:28:19] jjhiijiji : this isnt rocket science
[2024-02-19 20:28:41] Vladimir.Putin : thesecretsimplykj: how much u get if trade 1 btc on xbtusd entry 1 and exit 10, and how much u get if trade on ethusd on calculator with same entry and exit
[2024-02-19 20:28:53] Vladimir.Putin : ribben: right of place order
[2024-02-19 20:28:53] jjhiijiji : putin tell me one thing
[2024-02-19 20:29:00] thesecretsimplykj : you get 1 btc with the value increased 10x
[2024-02-19 20:29:02] jjhiijiji : how much do i get if i sell a chicken at 1 and sell at 10
[2024-02-19 20:29:04] Vladimir.Putin : yes sir @jjhiijiji
[2024-02-19 20:29:09] thesecretsimplykj : on eth the same
[2024-02-19 20:29:09] jjhiijiji : and how much do i get if i buy a cow at 1 and sell at 10
[2024-02-19 20:29:21] jjhiijiji : and im not actually looking for an answer
[2024-02-19 20:29:26] jjhiijiji : cause the answer is the same in both cases
[2024-02-19 20:29:35] ribben : ohh... think if was a program for it self... ok...
[2024-02-19 20:29:56] ribben : what up guys.. du we think china gonna pump tonight or do we go down
[2024-02-19 20:30:09] Vladimir.Putin : jjhiijiji: bro xbtusd is a swap devivative, u cant make more than 100% ROI what ever the price price, that how the formula work, u can try on calculator its easy to try its only take 1 minute
[2024-02-19 20:30:25] Vladimir.Putin : note n btc value
[2024-02-19 20:30:31] thesecretsimplykj : :arthur:
[2024-02-19 20:30:50] thesecretsimplykj : I can do 50000% here
[2024-02-19 20:30:55] thesecretsimplykj : ROI
[2024-02-19 20:31:57] migozelaaa : When dumb ?
[2024-02-19 20:32:01] jjhiijiji : already
[2024-02-19 20:32:02] BTCcheers : https://www.tradingview.com/x/22uQnpjT/ btfd btc no brainer long here btfd leezgoo
[2024-02-19 20:32:03] jjhiijiji : apparently
[2024-02-19 20:32:06] Vladimir.Putin : feb 24
[2024-02-19 20:32:10] Vladimir.Putin : :Doge:
[2024-02-19 20:32:16] jjhiijiji : oh you meant dump right
[2024-02-19 20:32:20] jjhiijiji : ;)
[2024-02-19 20:32:36] thesecretsimplykj : man now Im here watching my screens completely confused
[2024-02-19 20:32:41] thesecretsimplykj : fried as fuck
[2024-02-19 20:33:02] jjhiijiji : thesecretsimplykj: man imagine you reach out for a calculator cause some trollbox person told you that 1+1 = 0.89
[2024-02-19 20:33:12] thesecretsimplykj : :pepe: @jjhiijiji
[2024-02-19 20:33:44] jjhiijiji : the only thing im confused about is how someone could have gotten so confused
[2024-02-19 20:34:10] Vladimir.Putin : forget about that, maybe im wrong sir
[2024-02-19 20:34:13] thesecretsimplykj : Confuception
[2024-02-19 20:34:21] jjhiijiji : people have multiplied their initial margin by many times
[2024-02-19 20:34:26] jjhiijiji : let alone 100%
[2024-02-19 20:34:49] doublecheese : I looked at the contract Page and It does not mention a profit formula. Only interest formula and it's the same
[2024-02-19 20:34:49] jjhiijiji : i dont need a calculator to 'confirm' how this can happen ;p
[2024-02-19 20:35:07] thesecretsimplykj : doublecheese: :arthur:
[2024-02-19 20:35:09] Vladimir.Putin : yap u right sir
[2024-02-19 20:35:16] jjhiijiji : no sh!t
[2024-02-19 20:35:21] jjhiijiji : and guess what
[2024-02-19 20:35:26] jjhiijiji : i didnt even need to use a calculator
[2024-02-19 20:36:01] jjhiijiji : the rekt in the air is strong today
[2024-02-19 20:37:24] Vladimir.Putin : doublecheese: u cant ask to bitmex, if hard to find
[2024-02-19 20:37:29] Vladimir.Putin : can*
[2024-02-19 20:37:55] Vladimir.Putin : but better use calculator more easy
[2024-02-19 20:38:39] BAM Trading : @admins ?
[2024-02-19 20:38:59] doublecheese : I can't use the calculator properly. Because I don't know how much 1 contract is in usd
[2024-02-19 20:39:15] jjhiijiji : oh my days
[2024-02-19 20:39:31] BAM Trading : any admins in here? I have a question?
[2024-02-19 20:39:52] doublecheese : BAM Trading: try without the s I guess
[2024-02-19 20:40:03] BAM Trading : @admin
[2024-02-19 20:40:15] BAM Trading : ?
[2024-02-19 20:40:18] Vladimir.Putin : doublecheese: https://twitter.com/Satoshi828/status/1759679034689307105 check this the different i post SS on bitmex calculator on my twitter
[2024-02-19 20:41:14] BAM Trading : doe sanyboidy know which "blast" coin this bmex listed "blast" is? Apparently there are 4 differnt coins called blast and the only 2 with an actual price hisotry have prices with 3 or more decimals?
[2024-02-19 20:41:19] doublecheese : Vladimir.Putin: there's the eth One?
[2024-02-19 20:41:37] Vladimir.Putin : doublecheese: wait i wrong entry siz
[2024-02-19 20:41:38] thesecretsimplykj : BAM Trading: absolutely no clue, sorry :(
[2024-02-19 20:41:48] BAM Trading : weird
[2024-02-19 20:41:52] BitMEX_Douglas : BAM Trading: Hi, how may we help
[2024-02-19 20:42:12] BAM Trading : BitMEX_Douglas: HI, i was wondering which "blast" copin is exactly the one listed here
[2024-02-19 20:42:30] BAM Trading : because the only 2 witha price history on cmc have prices with 3 or more decimals
[2024-02-19 20:43:12] BAM Trading : can't you guys just put a link the the original project pages/whiute papers in the contract descriptions?
[2024-02-19 20:43:19] Vladimir.Putin : doublecheese: https://twitter.com/Satoshi828/status/1759679963035476190
[2024-02-19 20:45:16] doublecheese : Sizes are different?
[2024-02-19 20:45:24] Vladimir.Putin : same
[2024-02-19 20:45:38] Vladimir.Putin : same size, same entry same exist.... different pnl is it?
[2024-02-19 20:46:01] jjhiijiji : thesecretsimplykj: i understand i think why he is confused
[2024-02-19 20:46:12] BAM Trading : BitMEX_Douglas: ?
[2024-02-19 20:46:29] jjhiijiji : thesecretsimplykj: probably the calculator he is using measures profits in btc
[2024-02-19 20:46:56] RonnieREKT : 🔥 Liquidated short on `WLDUSD`: Buy 40 Cont @ 7.584 ($1,574.25)
[2024-02-19 20:47:03] thesecretsimplykj : jjhiijiji: yeah the eth one does in btc
[2024-02-19 20:47:08] thesecretsimplykj : the btc one does in dollar
[2024-02-19 20:47:15] BAM Trading : BitMEX_Douglas: hello? sir, are you still there?
[2024-02-19 20:47:42] Vladimir.Putin : if eth get 400% btc and btc only get 80% btc, which one is more exponensial ?
[2024-02-19 20:47:55] doublecheese : thesecretsimplykj: now I am even more confused lol. Shouldn't % be the same?
[2024-02-19 20:48:25] Vladimir.Putin : this my last tweet about pnl, maybe im worng
[2024-02-19 20:49:03] thesecretsimplykj : Vladimir.Putin: @doublecheese wait I am trying to rebuild the problem as this is completely wrong. this is just a matter of the calculator should help and it just confuses
[2024-02-19 20:49:13] thesecretsimplykj : both is 400% for sure
[2024-02-19 20:49:22] thesecretsimplykj : as this is logic
[2024-02-19 20:49:55] doublecheese : thesecretsimplykj: of course it is logic, that's why it seems absurd to me
[2024-02-19 20:49:57] Vladimir.Putin : the fact is xbtusd only get 80% on calculator, if im wrong ask bitmex to fix the calculator hehehe :pepe:
[2024-02-19 20:50:21] thesecretsimplykj : Vladimir.Putin: I think I have it
[2024-02-19 20:50:23] migozelaaa : Poor bears
[2024-02-19 20:50:31] BitMEX_Douglas : BAM Trading: I need to firstly check the info your requested. Please hold
[2024-02-19 20:50:39] jjhiijiji : so your saying somehow bitmex caps your long profits to 100%? @Vladimir.Putin
[2024-02-19 20:50:46] thesecretsimplykj : doublecheese: the calculator uses "." and not ","
[2024-02-19 20:50:47] BAM Trading : BitMEX_Douglas: Ok, sure thing. np/
[2024-02-19 20:50:58] thesecretsimplykj : and that somehow causes the fuck up
[2024-02-19 20:51:32] BAM Trading : thesecretsimplykj: what calculation are you trying to do?
[2024-02-19 20:51:41] Vladimir.Putin : jjhiijiji: hard to explain in troll box, and maybe i can be wrong, even ur entry price is andur exit is 1 trillion, the max profit in btc is 99%
[2024-02-19 20:52:06] jjhiijiji : that makes 0 sense there is no way the calculator can be correct
[2024-02-19 20:52:08] Vladimir.Putin : entry price is 1**
[2024-02-19 20:52:24] jjhiijiji : if bitcoin goes to 200k in 1 year ur profits will be over 100% if u stayed open from today
[2024-02-19 20:52:26] Vladimir.Putin : better ask admin
[2024-02-19 20:52:34] thesecretsimplykj : BAM Trading: we got a huuuuge logical problem overall here mate as it is basic maths but our friends in here got confused by the calc and now I try to unravel that. hard to explain haha
[2024-02-19 20:52:51] BitMEX_ChrisK : Vladimir.Putin: How may we be of help?
[2024-02-19 20:53:38] jjhiijiji : Putin here is claiming that xbtusd longs are capped at 100% PNL at 1x long even if btc goes to 200k+ lets say
[2024-02-19 20:53:47] Vladimir.Putin : @BitMEX_ChrisK is it max profit on xbt usd is 99.99% in btc what ever btc price?
[2024-02-19 20:53:57] BAM Trading : thesecretsimplykj: no I already see, you guys are all wrong. It's not a s "basic" math as you think it is
[2024-02-19 20:53:59] migozelaaa : 60k this week
[2024-02-19 20:54:06] BAM Trading : because these are inverse perpetuals
[2024-02-19 20:54:29] doublecheese : BitMEX_ChrisK: Just wanted to add, is it true that profit calculation formula is different for xbtusd and ethusd?
[2024-02-19 20:54:55] BAM Trading : thesecretsimplykj: that means that btc IS the collateral for the trade but as price changes, so changes the value of your collateral
[2024-02-19 20:55:07] Vladimir.Putin : BAM Trading: +1
[2024-02-19 20:55:12] jjhiijiji : yes
[2024-02-19 20:55:21] thesecretsimplykj : yes :D
[2024-02-19 20:55:23] jjhiijiji : so at a 1x long if btc goes to 100k up from 50k
[2024-02-19 20:55:33] jjhiijiji : i will get over 100% initial investment even in dollar value
[2024-02-19 20:55:37] jjhiijiji : let alone being capped at 100%
[2024-02-19 20:55:59] jjhiijiji : at 0x spot i will gain 100%
[2024-02-19 20:56:04] jjhiijiji : with lev i will gain even more
[2024-02-19 20:56:34] BAM Trading : jjhiijiji: well not exactly, in dollars, your value will double, but your actual profit will be 50% (leaving out all other factors)
[2024-02-19 20:56:57] Vladimir.Putin : BAM Trading: +10
[2024-02-19 20:56:59] thesecretsimplykj : ok but its actually the same, thats the point
[2024-02-19 20:57:07] jjhiijiji : the profit will be 50% of the new current value of btc
[2024-02-19 20:57:16] BAM Trading : you rprofit will get less and lees (based) on the fact that your collaterals value also increaes
[2024-02-19 20:57:29] Vladimir.Putin : BAM Trading: +100
[2024-02-19 20:58:07] doublecheese : Then how come 1x on ethusd has no liq price but 1x on xbtusd has? Tried It myself earlier today. There must be some kind of difference
[2024-02-19 20:58:13] Vladimir.Putin : BAM explain more clear than me, i m bad in english
[2024-02-19 20:58:20] BAM Trading : only if you go reall yhigh leverage your profits will keep increasing significantly in proportion to your collateral
[2024-02-19 20:58:44] BAM Trading : but THEN your can get into trouble with the intrest you pay on your position
[2024-02-19 20:59:11] jjhiijiji : i think to avoid confusion we should be measuring the profits in dollar value
[2024-02-19 20:59:16] jjhiijiji : let me ask you smth then
[2024-02-19 20:59:16] thesecretsimplykj : BAM Trading: ok look the problem is this. if I invest lets say 50K Dollars in XBTUSD and it tripples in price spot (I have 150K Dollars. If I invest lets say 50K Dollars in ETHUSD and it tripples in price spot 8I have 150K Dollars)
[2024-02-19 20:59:26] BAM Trading : as a matrer of fact, that is the single reason they put those intrest payuments in place. Just to keep longe term positions form using really high leaveage
[2024-02-19 20:59:32] BAM Trading : leverage8
[2024-02-19 20:59:34] BAM Trading : *
[2024-02-19 20:59:37] BitMEX_ChrisK : Vladimir.Putin: Are you referring to position PNL (ROE)?
[2024-02-19 20:59:47] Vladimir.Putin : BitMEX_ChrisK: yer sir
[2024-02-19 21:00:10] BAM Trading : thesecretsimplykj: yes. in dollars yes
[2024-02-19 21:00:29] thesecretsimplykj : BAM Trading: thats what me and @jjhiijiji pint is and @doublecheese thought you get less on ethusd
[2024-02-19 21:00:36] BAM Trading : but then you have to also take the actual profit in dollars to crystalize it
[2024-02-19 21:00:42] migozelaaa : LONG HERE
[2024-02-19 21:00:45] Vladimir.Putin : BAM Trading: sir please explain if we long on ethusd
[2024-02-19 21:01:09] BAM Trading : Vladimir.Putin: well then it gets even more complicated
[2024-02-19 21:01:10] BitMEX_ChrisK : Vladimir.Putin: It can definitely be more than 99.99% on the XBTUSD perpetual contract.