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<< >> English 中文 Русский 한국어 日本語 Español Français [2025-05-02 19:49:00] triplecheese : Bear trap lol :arthur: [2025-05-02 19:49:05] triplecheese : I am not gonna fall for it [2025-05-02 19:49:14] triplecheese : /position xbtusd ``` :bitmex: XBTUSD: 6,300 USD @ 89175.8369 ``` [2025-05-02 19:49:20] GoldBart : time to short [2025-05-02 19:49:22] GoldBart : ? [2025-05-02 19:49:48] HuskySquared : why we crashing guys [2025-05-02 19:49:59] LickMyBulls : triplecheese: take profit [2025-05-02 19:50:04] bmagic : HuskySquared: cause i longed [2025-05-02 19:50:41] HuskySquared : feels as if some fud [2025-05-02 19:50:43] HuskySquared : is going to hit us or so [2025-05-02 19:51:06] 8-8-8 : I'm surprised there is no liquidity to buy the dip [2025-05-02 19:51:22] bmagic : 8-8-8: there generally isn't much liquidity to buy above 96k [2025-05-02 19:51:37] bmagic : but we are in a good buy range [2025-05-02 19:51:44] 8-8-8 : bmagic: bull trap? [2025-05-02 19:51:46] bmagic : if it can convert we will spike 99k [2025-05-02 19:51:57] bmagic : yeah likely bull trap [2025-05-02 19:52:01] bmagic : until 100k is broken this is a sell zone [2025-05-02 19:52:05] bmagic : hard to say [2025-05-02 19:52:20] bmagic : 96 to 99980 is a really strong sell zone [2025-05-02 19:54:10] 8-8-8 : @HuskySquared feels like something happening, you might be right [2025-05-02 19:54:25] HuskySquared : :pepe: [2025-05-02 19:54:28] PeacenLuv : https://www.tradingview.com/x/5ZgcfWgp/ this better be ripple bottom longittup [2025-05-02 19:54:33] craigolie : 95500 incoming [2025-05-02 19:54:40] HuskySquared : at this stage [2025-05-02 19:54:42] HuskySquared : my body feels the rekt [2025-05-02 19:54:48] HuskySquared : like some people feel the storm [2025-05-02 19:54:51] PeacenLuv : schitty billish throwover [2025-05-02 19:55:00] bmagic : im sure we can pump to 98900 [2025-05-02 19:55:04] HuskySquared : im very close [2025-05-02 19:55:05] triplecheese : If I have to give a bearish estimate, I'd say 500k ser [2025-05-02 19:55:06] HuskySquared : yet so far away [2025-05-02 19:55:07] PeacenLuv : like always so rare [2025-05-02 19:55:08] HuskySquared : from breakeven [2025-05-02 19:55:18] HuskySquared : :pepe: [2025-05-02 19:55:20] HuskySquared : i need 200k mstr [2025-05-02 19:55:49] PeacenLuv : that was fun pump though i hope we do it againn weeee xrp longz [2025-05-02 19:55:50] contract details : what do you mean 200k [2025-05-02 19:55:51] contract details : :kek: [2025-05-02 19:55:54] HuskySquared : contract details: :pepe: [2025-05-02 19:56:01] HuskySquared : i mean 54 mstx will only fix my current position [2025-05-02 19:56:03] HuskySquared : not my overall loss [2025-05-02 19:56:21] HuskySquared : i need like 200 mstx for that [2025-05-02 19:56:22] HuskySquared : :kek: [2025-05-02 19:56:30] contract details : but not 200k right [2025-05-02 19:56:31] contract details : :pepe: [2025-05-02 19:56:36] HuskySquared : need 200k to get to 200 mstx [2025-05-02 19:56:37] HuskySquared : :pepe: [2025-05-02 19:56:43] leBread : contract details: 200k is higher than 100k. [2025-05-02 19:56:54] HuskySquared : i need mstr to go to 1.2k [2025-05-02 19:56:55] HuskySquared : no stops [2025-05-02 19:56:57] HuskySquared : no loops [2025-05-02 19:56:59] HuskySquared : just one candle [2025-05-02 19:57:20] contract details : :kek: [2025-05-02 19:57:23] contract details : i hope it does [2025-05-02 19:57:27] contract details : but tp then ok [2025-05-02 19:57:28] contract details : :pepe: [2025-05-02 19:57:34] HuskySquared : :pepe: [2025-05-02 19:58:35] ninnk : no selling until fear and greed is at 420 [2025-05-02 20:00:44] LickMyBulls : 87k incoming boiz [2025-05-02 20:03:58] bmagic : are we ready to rumble? [2025-05-02 20:04:07] bmagic : giga pump or giga bull trap [2025-05-02 20:04:15] bmagic : lets get it done [2025-05-02 20:04:44] bmagic : this is a significant move before May 12 [2025-05-02 20:05:49] HuskySquared : wonder why [2025-05-02 20:05:52] HuskySquared : derivates are so far below spot [2025-05-02 20:05:56] triplecheese : $123456 BTC soon [2025-05-02 20:06:02] bmagic : HuskySquared: for the giga pump [2025-05-02 20:06:09] bmagic : slingshot to the moon [2025-05-02 20:06:11] triplecheese : /orders xbtusd ``` :bitmex: XBTUSD: Sell 100 USD @ 123456 ``` [2025-05-02 20:07:36] 8-8-8 : triplecheese: I'm reporting you for spamming the book 😗 [2025-05-02 20:08:04] triplecheese : 8-8-8: lol wut thats my only order :D [2025-05-02 20:09:17] bmagic : 8-8-8: its not easy to trade this range as there is inconsistent data. [2025-05-02 20:09:24] bmagic : so i have to read live price action to find the top [2025-05-02 20:10:04] Atlemos : phuk! too much sideways action! [2025-05-02 20:10:40] 8-8-8 : HuskySquared: funding rates are neg, usually means too much shorting, though gap has been narrowing last few hours [2025-05-02 20:11:18] BlissRP : price action for ants! [2025-05-02 20:11:43] RonnieREKT : 🔥 Liquidated long on `MOVEUSDT`: Sell 2670 MOVE @ 0.1873 ($512.64) [2025-05-02 20:12:33] 8-8-8 : bmagic: I have not changed my pos since we chatted [2025-05-02 20:12:35] bmagic : i saw some crazy ETH whale action a few hours ago [2025-05-02 20:12:51] bmagic : signal they're about to pump this to 2k maybe [2025-05-02 20:13:13] bmagic : 8-8-8: whats your position? [2025-05-02 20:13:39] bmagic : i'm still short. just trying to hedge temporarily and maybe get a nice short entry on bitmex. [2025-05-02 20:13:41] 8-8-8 : 3x short @bmagic [2025-05-02 20:13:50] bmagic : i high leverage here. [2025-05-02 20:14:42] 8-8-8 : I'm writing some python at the same time, so it's enough action for me [2025-05-02 20:15:39] bmagic : /position ethusd ``` :bitmex: ETHUSD: 105 Cont @ 1849.05 ``` [2025-05-02 20:15:42] bmagic : /position solusd ``` :bitmex: SOLUSD: 1,100 Cont @ 148.5 ``` [2025-05-02 20:16:19] Atlemos : triplecheese: i got yellow lined [2025-05-02 20:18:11] 8-8-8 : bmagic: ETHUSD 0.0296 0.0464 funding [2025-05-02 20:18:39] BMEXcheers : brehs... [2025-05-02 20:18:42] RonnieREKT : 🔥 Liquidated long on `MOVEUSDT`: Sell 34060 MOVE @ 0.1905 ($6,519.08) - enjoy the poor house, genius [2025-05-02 20:18:44] BMEXcheers : how many btc for this? [2025-05-02 20:18:44] BMEXcheers : https://www.reddit.com/r/TextingTheory/comments/1kda8mc/the_us_love_a_brit/ [2025-05-02 20:19:37] bmagic : 8-8-8: its weird shorts are still so aggressively rewarded [2025-05-02 20:20:57] 8-8-8 : bmagic: it's real hard to hedge those contract denominated in XBT, might account for it [2025-05-02 20:22:57] bmagic : /position xbtusd ``` :bitmex: XBTUSD: 2,000 USD @ 96811.0442 ``` [2025-05-02 20:23:02] bmagic : maybe i should add [2025-05-02 20:23:12] bmagic : but all im doing is de-risking [2025-05-02 20:23:21] 8-8-8 : bmagic: at least for people think fiat, the more the contract gets into profit, the less short u end up, if that makes sense to u, in reverse, short loosing, increases ur USD position [2025-05-02 20:24:29] bmagic : true [2025-05-02 20:24:52] bmagic : if eth goes up and im short [2025-05-02 20:24:57] bmagic : i lose in eth even tho its quoted in usd [2025-05-02 20:25:06] bmagic : but if im long i gain both ways [2025-05-02 20:25:10] bmagic : so these contracts are better [2025-05-02 20:25:16] bmagic : when markets positive and u want to long [2025-05-02 20:25:47] bmagic : thats the nature of perpetuals though [2025-05-02 20:25:57] bmagic : unless you purely trade USD contracts. [2025-05-02 20:26:43] RonnieREKT : 🔥 Liquidated long on `MOVEUSDT`: Sell 1320 MOVE @ 0.1891 ($253.31) [2025-05-02 20:26:47] 8-8-8 : bmagic: I was testing short ETHUSD short ETHUSDT, with bias ETHUSD short, but deleveraged after the action yesterday [2025-05-02 20:27:07] bmagic : best to short USDT [2025-05-02 20:27:34] bmagic : but as i'm a BTC maximalist i always short BTCUSD perp [2025-05-02 20:27:44] leBread : 75xers still safe, not for long. [2025-05-02 20:27:55] leBread : Bread knows curst when its seen. [2025-05-02 20:28:00] ninnk : what [2025-05-02 20:28:11] leBread : ninnk: 1)what [2025-05-02 20:28:28] 8-8-8 : short favors ETHUSDT unless you are after funding? [2025-05-02 20:28:42] bmagic : thats my understand yeah [2025-05-02 20:28:54] bmagic : otherwise you're losing in ETH value as it declines [2025-05-02 20:28:57] ninnk : >Type Settled in BTC, quoted in USD [2025-05-02 20:28:59] ninnk : ethusd [2025-05-02 20:29:09] ninnk : >i lose in eth even tho its quoted in usd [2025-05-02 20:29:12] ninnk : you lose in btc [2025-05-02 20:29:19] ninnk : https://www.bitmex.com/app/contract/ETHUSD [2025-05-02 20:29:21] bmagic : Profits shrink in USD as you gain crypto (ETH drops in value) [2025-05-02 20:29:41] bmagic : its all relative to what you're measuring it in [2025-05-02 20:29:53] ninnk : centimeters [2025-05-02 20:29:57] ninnk : i'm not a fucking american [2025-05-02 20:30:30] bmagic : ninnk: yes in this instance you're trading a btc funded contract [2025-05-02 20:30:39] bmagic : i'm talking generally. [2025-05-02 20:30:58] bmagic : perps are notionally in BTC valuation [2025-05-02 20:31:05] 8-8-8 : bmagic: I makes sense to short token long USDT, then convert to XBT especially without any fees on spot? [2025-05-02 20:31:25] bmagic : right now yeah no fees. [2025-05-02 20:31:37] bmagic : but fees will determine if that is a profitable decision [2025-05-02 20:31:40] bmagic : generally it isn't [2025-05-02 20:31:48] 8-8-8 : and long token short XBT and be paid in XBT [2025-05-02 20:32:46] bmagic : you're mostly correct in principle [2025-05-02 20:33:05] bmagic : however the risk there is if funding flips [2025-05-02 20:33:09] bmagic : can work against you [2025-05-02 20:33:33] bmagic : the strategy will expose you to swings in the asset itself though. so could end up losing out if you're not quick or get slippage. [2025-05-02 20:33:39] 8-8-8 : as a max you end up short token long XBT, which makes sense [2025-05-02 20:34:12] bmagic : yeah i try to just simplify it and let the exchange do the hardwork [2025-05-02 20:34:23] bmagic : but if i had my own algorithmic bot to do the exchange then it would be worth it [2025-05-02 20:34:31] bmagic : i'm not intelligent enough for that [2025-05-02 20:34:41] 8-8-8 : I traded funding lots, 80% of the time it is stable. That's why I do not like being shot now with XBT funding being negative [2025-05-02 20:34:42] bmagic : but the principle makes sense. [2025-05-02 20:34:57] bmagic : thats great [2025-05-02 20:35:03] bmagic : wish i was as smart as you! [2025-05-02 20:35:18] bmagic : can save a lot of money [2025-05-02 20:35:37] bmagic : i'm too degenerate to actively manage my risk like this though [2025-05-02 20:35:49] bmagic : i just try to make smart trades and learn to be happy with the fees, taxes, etc... [2025-05-02 20:36:07] ninnk : bro what the fuck [2025-05-02 20:36:14] ninnk : i didnt know we could long gold here :arthur: [2025-05-02 20:36:17] 8-8-8 : I do not know how much BTC is actually unhedged, I am starting to wonder if a lot just sits as collateral for short positions [2025-05-02 20:36:20] bmagic : lol yes we can its new [2025-05-02 20:36:24] 8-8-8 : earning funding [2025-05-02 20:36:25] bmagic : pretty new [2025-05-02 20:36:28] Dexul : what??!??!?! [2025-05-02 20:36:32] Dexul : i want to short that [2025-05-02 20:36:43] ninnk : ye i was just going through contracts list and saw xaut [2025-05-02 20:36:50] ninnk : thought it was some grifto token [2025-05-02 20:36:57] bmagic : also its crypto gld though [2025-05-02 20:36:59] ninnk : but its gold wtf :pepe: [2025-05-02 20:37:04] bmagic : tethered to gold [2025-05-02 20:37:06] bmagic : and low liquidity probably [2025-05-02 20:37:07] ninnk : yea underlying asset is gold tho [2025-05-02 20:37:18] ninnk : 50k 24h ye pretty shite [2025-05-02 20:37:37] bmagic : /position xbtusd ``` :bitmex: XBTUSD: 10,000 USD @ 96938.6766 ``` [2025-05-02 20:37:39] bmagic : /position ethusd ``` :bitmex: ETHUSD: 111 Cont @ 1848.89 ``` [2025-05-02 20:37:41] bmagic : /position solusd ``` :bitmex: SOLUSD: 1,210 Cont @ 148.48 ``` [2025-05-02 20:37:44] bmagic : im aliveeee [2025-05-02 20:37:51] 8-8-8 : PAXG is liquid, not sure what XAUTUSD collaral ris [2025-05-02 20:37:58] Dexul : bmagic: :doge; [2025-05-02 20:38:00] bmagic : tether [2025-05-02 20:38:00] Dexul : :doge: [2025-05-02 20:38:04] bmagic : collateral is tether [2025-05-02 20:38:19] 8-8-8 : actual gold held by tether then [2025-05-02 20:38:26] bmagic : with these longs i may get an optimal high leverage short open by tomorrow [2025-05-02 20:38:33] bmagic : wish me luck [2025-05-02 20:38:45] ninnk : its not its btc [2025-05-02 20:38:51] ninnk : https://www.bitmex.com/app/contract/XAUTUSD [2025-05-02 20:38:57] ninnk : Type Settled in BTC, quoted in USD Contract Size [2025-05-02 20:39:05] ninnk : 0.001 mBTC per 1 USD (Currently 0.00326130 BTC per contract) [2025-05-02 20:39:09] al guul : sell the farm bois [2025-05-02 20:39:16] bmagic : yes but XAU is tether contract [2025-05-02 20:39:19] 8-8-8 : bmagic: GL I'll swat the uptrend for ow [2025-05-02 20:39:19] bmagic : its settled in btc [2025-05-02 20:39:28] ninnk : ah, yeah ok [2025-05-02 20:39:44] 8-8-8 : ninnk: then it's pure vacuum contract [2025-05-02 20:47:13] leBread : 75xers still safu, uhum, there is oddiness here. [2025-05-02 20:47:32] LickMyBulls : My bawls are VERY heavy [2025-05-02 20:47:37] LickMyBulls : We will duml my load [2025-05-02 20:47:39] bmagic : https://www.fxstreet.com/cryptocurrencies/news/bitcoin-bulls-singing-triangle-triangle-up-above-the-sky-202505021421 [2025-05-02 20:47:52] bmagic : this is probably what mainsteam is using to trade [2025-05-02 20:48:11] bmagic : so could get some retail indecision above 98k [2025-05-02 20:48:26] bmagic : dw whales will make the decision lol [2025-05-02 20:49:07] LickMyBulls : bmagic: the whales can't handle me heavy bawls [2025-05-02 20:49:31] bmagic : https://www.coinglass.com/hyperliquid/0xf80125919c99fb99cead5b44c7482f33d2e2d4d7 [2025-05-02 20:49:40] bmagic : this whale opened a 600 btc long at 95356.7 [2025-05-02 20:49:46] bmagic : and he was 1m in the red [2025-05-02 20:49:50] bmagic : now he's killing it! [2025-05-02 20:49:58] bmagic : 70k in funding though [2025-05-02 20:51:36] bmagic : wtf there's whales opening 107m positions at 96.6k long [2025-05-02 20:51:44] bmagic : insane. [2025-05-02 20:52:17] bmagic : https://www.coinglass.com/hyperliquid/0x5078c2fbea2b2ad61bc840bc023e35fce56bedb6 [2025-05-02 20:52:55] bmagic : lmao PEPE long at 0.007531 and now 4.62m profit [2025-05-02 20:52:58] bmagic : this guy is pure degenerate [2025-05-02 20:53:05] bmagic : but winning [2025-05-02 20:53:22] bmagic : long on TRUMP, FARTCOIN, kPEPE, XRP and AIXBT [2025-05-02 20:53:26] bmagic : its sad to see more money than brains [2025-05-02 20:54:00] bmagic : 5m profit on TRUMP, 3 mill profit FARTCOIN, 4.6m profit kPEPE. [2025-05-02 20:54:07] bmagic : lad [2025-05-02 20:59:18] 8-8-8 : bmagic: I do enjoy following your trades, seems like you put a lot of thought into it, and I find your posts informative, smarts can sometimes just be hardwork [2025-05-02 21:01:50] ninnk : bro's making heaps, yet he's the brainless one :arthur: [2025-05-02 21:02:03] ninnk : fat stax more like [2025-05-02 21:03:47] bmagic : 8-8-8: i used to do trade calls in early days with a high hit rate. It's tedious work though and i enjoy having flexibility in my life so i'm less perfectionist and more risk management. still enjoy TA though :) [2025-05-02 21:04:42] bmagic : ninnk: i think you misunderstood the point. those are all very risky investments for high net worth individuals. The guys winning but it could swing anytime. Guys just a degenerate gambler with fat stacks to enable wealth. [2025-05-02 21:04:59] bmagic : one risk i can understand but the whole position is just memes [2025-05-02 21:05:25] bmagic : not to mention he is the only whale longing at that range. [2025-05-02 21:05:43] bmagic : all whales knowingly short at 96.6k [2025-05-02 21:05:48] bmagic : its in the data. [2025-05-02 21:06:08] bmagic : either the guys well connected and knows something we don't or he's a degen. [2025-05-02 21:06:31] bmagic : thats his degen account. [2025-05-02 21:07:39] ninnk : its just 1k btc :pepe: [2025-05-02 21:07:44] Chinos_Charts : who's ready for 70k btc :P [2025-05-02 21:07:49] bmagic : ah pocket change [2025-05-02 21:08:20] bmagic : Chinos_Charts: i'm ready to make 70k btc [2025-05-02 21:08:37] ninnk : that's just poker buy-in [2025-05-02 21:09:06] Chinos_Charts : better start looking for them shorts soon ;) [2025-05-02 21:09:16] bmagic : im actively looking [2025-05-02 21:09:21] bmagic : to short this to hell [2025-05-02 21:09:33] bmagic : but i decided to take a greedy scalp on this account [2025-05-02 21:10:41] bmagic : ok im done watching charts. [2025-05-02 21:10:50] bmagic : orders are in. stay safe all [2025-05-02 21:10:57] Chinos_Charts : oh me too i'm loong atm from 84k XD [2025-05-02 21:12:53] 8-8-8 : bmagic: I'm setting a python environment, I don't do any TA as I focus inter markets, pulling funding rates, but some directional bias would be helpful, so down the line who knows about some colab, since you make a lot of sense to me, like automate the way u look at things [2025-05-02 21:20:04] craigolie : we are on the vwap and in the middle of the 24hr range. Bad time to open a trade [2025-05-02 21:20:21] BlissRP : craigolie: +1 ser [2025-05-02 21:20:48] BlissRP : but many here are addicted to pain so it would then be a perfect time to enter :arthur: [2025-05-02 21:21:07] craigolie : haha [2025-05-02 21:21:41] craigolie : Good luck my man] [2025-05-02 21:28:36] craigolie : Sorry not my man just Good luck Bro. 😆 [2025-05-02 21:30:02] craigolie : Recon it could fall below the range in afew hours [2025-05-02 21:43:57] RonnieREKT : 🔥 Liquidated long on `XBTUSD`: Sell 200 USD @ 96839.3 - 🐳 [2025-05-02 21:53:57] leBread : https://www.youtube.com/watch?v=CqEYTU-xlSU [2025-05-02 21:55:26] RonnieREKT : 🔥 Liquidated long on `XBTUSD`: Sell 5000 USD @ 96634.9 [2025-05-02 21:56:14] 8-8-8 : leBread: synopsis? [2025-05-02 22:00:07] leBread : 8-8-8: INded, or something similar. [2025-05-02 22:00:50] leBread : 75x has been taken out, now things are curuious. [2025-05-02 22:02:05] bmagic : craigolie: u do know the weakness of VWAP trading though? [2025-05-02 22:03:11] bmagic : its almost irrelevant when the market is trending hard or during chop. [2025-05-02 22:03:25] bmagic : everything needs context [2025-05-02 22:03:32] bmagic : VWAP isn't a valid trade argument standalone. [2025-05-02 22:03:43] bmagic : especially for breakout traders [2025-05-02 22:03:51] bmagic : it lags so hard [2025-05-02 22:03:56] bmagic : its better for investors than traders. [2025-05-02 22:04:21] bmagic : otherwise you'll get more false signals than anything else [2025-05-02 22:04:41] bmagic : reliance on historical price action is not what you want when history is about to be made. [2025-05-02 22:05:22] bmagic : especially at this time of the trading session, its not even telling you the momentum. it's telling you about how historical price action has produced a non result [2025-05-02 22:05:28] bmagic : which is why its in the middle of nowhere [2025-05-02 22:05:48] bmagic : almost meaningless [2025-05-02 22:06:01] leBread : https://www.youtube.com/watch?v=sgH6emB4UdY [2025-05-02 22:06:21] 8-8-8 : leBread: curious indeed, hard to believe it's happening [2025-05-02 22:06:35] hiltosmith : Hello [2025-05-02 22:06:43] bmagic : 8-8-8: sounds good. maybe we can find time in the future. for now the priority is to find the annual top. [2025-05-02 22:07:07] hiltosmith : H [2025-05-02 22:07:14] leBread : 8-8-8: Weekend action can be ignored until sunday. [2025-05-02 22:07:36] bmagic : leBread: nope [2025-05-02 22:07:36] leBread : sunday -> monday is the most exciting [2025-05-02 22:07:46] bmagic : incorrect since introduction of ETFs [2025-05-02 22:07:47] leBread : bmagic: yes, sorry bro. [2025-05-02 22:07:49] 8-8-8 : bmagic: no rush, I'm still debugging, though code assistance helps a lot [2025-05-02 22:08:00] bmagic : due to ETF's weekend action is back [2025-05-02 22:08:10] leBread : ETF's has zero infliction. [2025-05-02 22:08:14] bmagic : dude [2025-05-02 22:08:24] bmagic : just because you say something doesn't mean its true hehe [2025-05-02 22:08:33] bmagic : check out the data [2025-05-02 22:08:50] leBread : Did I say that all I say is true? I did not. [2025-05-02 22:08:54] hiltosmith : Excauseme [2025-05-02 22:09:00] leBread : Restart sir. [2025-05-02 22:09:01] 8-8-8 : reminds me of the good old times when it dumped during times with least liquidity... [2025-05-02 22:09:29] leBread : https://www.youtube.com/watch?v=DREMsW_qtyw [2025-05-02 22:09:30] bmagic : i'm not here to argue, but i will call out bs when i hear it [2025-05-02 22:09:38] leBread : At least I share killer songs [2025-05-02 22:09:55] leBread : bmagic: There is no argue here, atleast not from my side. [2025-05-02 22:10:12] bmagic : lebread is getting toasty [2025-05-02 22:10:33] leBread : All toats taste better with butter [2025-05-02 22:11:15] leBread : bmagic: You wasnt this agressive to me in the past. Sad to see this development. [2025-05-02 22:11:44] bmagic : it's not aggression. [2025-05-02 22:13:07] leBread : bmagic: By now, you should know that I always go against the majority. Why? Because the profits is there. [2025-05-02 22:13:29] 8-8-8 : leBread: try long XBTUSD short ETHUSD, something fun to watch [2025-05-02 22:13:54] bmagic : i feel that the US session today was disappointing [2025-05-02 22:14:07] bmagic : may have to close [2025-05-02 22:14:12] leBread : 8-8-8: For now, I am careful with ETHUSD pair, there might be somehing that gives great returns playing the pipes. [2025-05-02 22:15:20] 8-8-8 : bmagic: I shorted BTC a couple of times and covered 96750 96850, during the day, tiny bit just to get fingers moving [2025-05-02 22:15:27] leBread : Unless LTC pumps, nor dumps, there is only up only mode. [2025-05-02 22:15:50] leBread : LTC is ALWAYS, yes in caps, the last one to move. [2025-05-02 22:16:48] leBread : For now, unless disproven, there is only up for now. [2025-05-02 22:17:02] bmagic : my last short entry was 97468 [2025-05-02 22:17:09] leBread : Stay vigilant. When LTC pumps, it will mark the top. [2025-05-02 22:17:24] bmagic : but im seeing signs in the alt markets that btc is not done [2025-05-02 22:17:37] leBread : Do with that as you wish, for me is has made my life easier. [2025-05-02 22:17:46] 8-8-8 : leBread: interesting tid bits, LTC holders are real laggers? [2025-05-02 22:18:16] leBread : At 75, the quality of life is important. [2025-05-02 22:18:49] leBread : 8-8-8: Indeed, they lag behind. At eleast for now and 8 years historically. [2025-05-02 22:19:09] 8-8-8 : bmagic: did you initiate short? [2025-05-02 22:19:40] bmagic : i'm holding my short for 3 months now. [2025-05-02 22:19:43] leBread : 50x might be in danger, but do not think so. [2025-05-02 22:20:26] 8-8-8 : leBread: that alpha does not preclude pulling back some before the pump? [2025-05-02 22:21:14] 8-8-8 : bmagic: your LT short, rather than bitmex scalping [2025-05-02 22:21:22] leBread : 8-8-8: 5x ++ agree- [2025-05-02 22:21:25] bmagic : oh bitmex i closed it and went long [2025-05-02 22:21:29] bmagic : /position xbtusd ``` :bitmex: XBTUSD: 15,100 USD @ 96801.6727 ``` [2025-05-02 22:21:31] bmagic : /position ethusd ``` :bitmex: ETHUSD: 126 Cont @ 1845.76 ``` [2025-05-02 22:21:33] bmagic : /position solusd ``` :bitmex: SOLUSD: 1,390 Cont @ 148.27 ``` [2025-05-02 22:21:42] bmagic : considering a close though with the disappointing US session [2025-05-02 22:21:45] Atlemos : Phuk! this is cascading down lebread! [2025-05-02 22:21:46] bmagic : but will let it go [2025-05-02 22:21:58] leBread : Data tells a story, a story that majority will not agree with. [2025-05-02 22:22:09] leBread : Only up mode has been enabled. [2025-05-02 22:22:15] bmagic : thats what i want to hear [2025-05-02 22:22:19] bmagic : bread for all [2025-05-02 22:22:40] 8-8-8 : If I were long I wouldn't like this drip drip, down, I get better visibility when volatility is in [2025-05-02 22:22:44] leBread : There will not be bread for all. Bread is emtpy carbs. [2025-05-02 22:23:00] bmagic : 8-8-8: the drip is within paramaters for reversal [2025-05-02 22:23:09] bmagic : not at the point of closing this yet [2025-05-02 22:23:21] bmagic : but similar to what bread said before, weekend action is uncertain. [2025-05-02 22:23:30] 8-8-8 : bmagic: possibly bots reducing activity to get a better price [2025-05-02 22:23:31] leBread : +1 [2025-05-02 22:23:31] bmagic : but it's certainly been alive recently [2025-05-02 22:23:52] bmagic : well reading the price action [2025-05-02 22:23:56] bmagic : there's been some early buys [2025-05-02 22:24:01] bmagic : large players [2025-05-02 22:24:05] bmagic : so this is going up. [2025-05-02 22:24:10] leBread : bread being alive just prooves the live in mushrooms (yeast). [2025-05-02 22:24:11] bmagic : just a matter of how far they want the dip [2025-05-02 22:24:26] bmagic : i can't hold this high leverage for too long on this account without adding margin [2025-05-02 22:24:32] bmagic : not interested to take such risks [2025-05-02 22:24:45] bmagic : but this is not a typical hns on BTC [2025-05-02 22:24:49] bmagic : i think it will recover [2025-05-02 22:25:00] bmagic : back above 96800 and its a strong long signal [2025-05-02 22:25:05] leBread : I went long 87k, i am now what we consider, mid move. [2025-05-02 22:25:33] leBread : mid move could grow, but for now, maximum is 105k. [2025-05-02 22:26:08] leBread : elchisoso is waiting at 105k. [2025-05-02 22:26:51] 8-8-8 : bmagic: I swear market makers do not know where short term traders stand! [2025-05-02 22:27:10] leBread : market makers, dont know shit sir. [2025-05-02 22:27:28] leBread : thats the beauty of it, they dont need to know it., [2025-05-02 22:28:02] leBread : They sell to buyers, and they buy from sellers. They profits from the middle. [2025-05-02 22:28:30] 8-8-8 : leBread: how do u see that? exchanges have access to customer flow, 101 banking and brokerage [2025-05-02 22:28:33] leBread : Thats why _all_ markets slowly trend up, where they are involved. [2025-05-02 22:29:05] leBread : 8-8-8: Just answered your question below. [2025-05-02 22:29:44] leBread : If a market is ever trending down, 10 years +, market makers is not involved. [2025-05-02 22:29:57] 8-8-8 : leBread: does not make sense from an algo trading standpoint, unless you are quite familiar with the matter? [2025-05-02 22:30:46] leBread : 8-8-8: Market makers do not care about algo trading. They sell to buyes and thel buy from sellers. [2025-05-02 22:31:09] leBread : They do not care if market goes parabolic or not. [2025-05-02 22:31:18] 8-8-8 : leBread: I'be done market making, it does not matter the trend, anyhow, you might have operated other types of edges [2025-05-02 22:31:57] leBread : 8-8-8: It goes hand in hand with one of my first theories ever; Price always go back to where it has been, at least once. [2025-05-02 22:32:45] leBread : Launching my own market maker bots on 21+ exchanges, has proven my theory to be right, profits is not high, but there is never a loss. [2025-05-02 22:33:16] 8-8-8 : leBread: I think I will leave it for what it is. Algo trading is not necessarily concerned with price, arbitragers make a lot more than most people realize and I will leave it at that :) [2025-05-02 22:33:17] leBread : Just sell to buyers, and make sure to buy their sells. You can NEVER lose. [2025-05-02 22:33:59] leBread : 8-8-8: Everyone has a different take on the market. Full respect. [2025-05-02 22:34:31] 8-8-8 : I am ok with your take, no point in spreading alpha on my side. [2025-05-02 22:34:35] leBread : I do miss the dude called "Automator" he knew things. [2025-05-02 22:34:39] bmagic : stupid alts need to stop selling while btc increases [2025-05-02 22:34:51] bmagic : lets all win pls [2025-05-02 22:34:52] bmagic : lol [2025-05-02 22:35:18] leBread : What happended to automator? [2025-05-02 22:35:40] 8-8-8 : leBread: yes always interesting to hear what others are doing [2025-05-02 22:36:09] bmagic : isn't there a guild dedicated to automation? [2025-05-02 22:36:11] leBread : 8-8-8: A secret is that patience, is the key here, and the profit margin is slim. But over time, the profits is sweet. [2025-05-02 22:36:47] leBread : It might be 1 year, 4 year or 7 years. But profits always return home. [2025-05-02 22:37:00] 8-8-8 : leBread: were you running python based or cpp? [2025-05-02 22:37:21] leBread : 8-8-8: There is parts of the infrastructure runnin pythin yes. [2025-05-02 22:38:28] 8-8-8 : leBread: I use python now to get a head start, but really targeting cpp [2025-05-02 22:38:56] leBread : 8-8-8: Modern python is rather good performance wise, if you write it accordingly. [2025-05-02 22:39:01] al guul : chyna is rekt [2025-05-02 22:39:13] 8-8-8 : leBread: using pyc do you mean? [2025-05-02 22:39:37] bmagic : not looking good [2025-05-02 22:39:38] leBread : 8-8-8: It will never ever, out perform proper witten c code. [2025-05-02 22:40:15] leBread : 8-8-8: Everyone knows that pyc files is just local cache files of executed code. [2025-05-02 22:40:56] 8-8-8 : I'm a C guy too, though proper pyc seems promising, haven't checked the reality more theory I read [2025-05-02 22:41:32] leBread : 8-8-8: Leaveing it running for a while will provide answers. [2025-05-02 22:41:49] leBread : Currently I am ingesting market data from 39k markets real time. [2025-05-02 22:42:11] leBread : Everything from live trades to orderbook updates. [2025-05-02 22:42:41] 8-8-8 : leBread: I started direcy in C and my exhange is damn bad documented, so using py til I figure things a bit more [2025-05-02 22:42:43] leBread : Some markets needs better code than others. [2025-05-02 22:43:14] 8-8-8 : leBread: al in C? or using ccxt [2025-05-02 22:43:22] leBread : 8-8-8: Programming language is not key here, it is the data stucture and how fast you can ship it around locally. [2025-05-02 22:44:15] leBread : If you can ship data fast enough without causing queues in cycles, there is no need to go "more efficent language". [2025-05-02 22:44:45] 8-8-8 : I have not profiled yet, not sure how much py adds in processing, and backend of course, LMDB is my target [2025-05-02 22:45:20] leBread : 8-8-8: Don't bother with such overhead as long it does not cause you queues. [2025-05-02 22:46:13] leBread : If there is no queues, there is nothing to worry about, all data is processed. [2025-05-02 22:47:12] 8-8-8 : leBread: not sure about the queues, using asyncio for now, yes I heard that may be faster than threading [2025-05-02 22:49:19] 8-8-8 : python is C under the hood, so proper python, from your experience seems to do the job with minimum lag [2025-05-02 22:49:27] leBread : 8-8-8: quues = when cpu cycles is not enoug to process current data. [2025-05-02 22:49:57] leBread : https://www.youtube.com/watch?v=qlti8Q-gU-Q [2025-05-02 22:51:24] leBread : 8-8-8: When it comes to cpu cycles its all about current hardware as well, my current hardware can only process data at 3.6ghz, the rest is queued. [2025-05-02 22:51:27] 8-8-8 : leBread: I have no quantifiable info on that, the amount of ticks is prob not that important compared with I/O possiibilites of modern HW vs. the min 30 ms Internet lag [2025-05-02 22:51:52] leBread : That is only for ingestion, then we have the read of data and analyze the data, that is id sifferent story, [2025-05-02 22:52:43] leBread : ingestion of data is only responsble of receiving and writing the data the the corrresponding data flush. [2025-05-02 22:52:51] 8-8-8 : I think I get it, data fetching is no bottleneck, u save me profiling that :) [2025-05-02 22:53:09] leBread : profiling comes later on in the chain yes. [2025-05-02 22:54:23] 8-8-8 : I have 0 idea were the stress points are, I am thinking LMDB, faster than just about anything besides specialized time series database [2025-05-02 22:54:51] leBread : Pro tip; Just ingest everything. ... then worry about stress., [2025-05-02 22:55:13] bmagic : leBread: isn't that fattening? [2025-05-02 22:55:26] leBread : Once the data is stored, you can do anything with it. [2025-05-02 22:55:55] leBread : bmagic: Nothing wrong with fatl, if you use it correctly. [2025-05-02 22:56:04] 8-8-8 : I know I am a bit silly to optimize some early on, though I'd rather use some price diff technique rather than shove everything CVS [2025-05-02 22:56:31] leBread : Just store ALL data locally so you have it, then you modify it to fit your need. [2025-05-02 22:56:46] leBread : If it doesnt work, modify it some more. [2025-05-02 22:57:01] leBread : key is, you have all historyc data. [2025-05-02 22:57:22] 8-8-8 : leBread: I was quite successful doing some arb without software, until it caught me back, that's why I want something solid [2025-05-02 22:58:12] leBread : I am in the works of selling historic data as well, data most do not have available. Everything from second exact trade data to orderbook data, to be used in replay mode. [2025-05-02 22:58:15] 8-8-8 : leBread: it really does not cost me so much more work to design a compressed storage and it processes faster anyhow [2025-05-02 22:59:14] 8-8-8 : leBread: interesting to know about the data [2025-05-02 22:59:14] leBread : 8-8-8: Do not worry about compressed storage, worry about using the data properly. [2025-05-02 22:59:51] leBread : When you reach my level of data retention, compression means zero. [2025-05-02 23:00:52] 8-8-8 : leBread: I do not mind spending a few days for that, I am really only automating my accounts for now, stuff I know need to be done, I lost a big chunk of my accounts because I was not managing delta in real time [2025-05-02 23:01:04] leBread : Just keep enough data in memory to allow your algo to make a good decition. [2025-05-02 23:01:44] bmagic : 96380 [2025-05-02 23:01:50] 8-8-8 : compression gives you 1 to ten compression ratio, you are saying the dataset is not that large that is matters? [2025-05-02 23:01:54] leBread : If you are indeed interested in having a diaog regarding this topic, reach out to me on discord. [2025-05-02 23:02:02] bmagic : this may slide if we don't recover 96800 soon [2025-05-02 23:02:34] 8-8-8 : leBread: sure thing, why channel [2025-05-02 23:03:01] 8-8-8 : leBread: (which) [2025-05-02 23:03:04] leBread : 8-8-8: There are trollbox rules I have to follow, i cannot, ever, tell you excatly. Sorry. [2025-05-02 23:03:37] 8-8-8 : do you have a guild or something [2025-05-02 23:03:42] leBread : But if you have been around for a while you know me by the green face with a great smile. [2025-05-02 23:03:53] bmagic : :pepe: [2025-05-02 23:04:03] leBread : bmagic: :pepe: [2025-05-02 23:04:36] bmagic : those larger time frames are calling for 92800 [2025-05-02 23:04:49] bmagic : but theres some strange PA that looks at 99k [2025-05-02 23:05:04] bmagic : give me a sign btc [2025-05-02 23:05:35] bmagic : oh looks like the alts are giving me signs first [2025-05-02 23:05:58] bmagic : :fullmoon: [2025-05-02 23:06:01] bmagic : :full_moon: [2025-05-02 23:07:45] leBread : https://www.youtube.com/watch?v=XylB3p7ePNE [2025-05-02 23:08:25] leBread : 8-8-8: I am in XPRGOD's group. [2025-05-02 23:12:59] bmagic : the god [2025-05-02 23:13:03] bmagic : XRPGOD [2025-05-02 23:13:13] bmagic : the man the myth the legend [2025-05-02 23:13:46] leBread : indeed he is. [2025-05-02 23:14:11] 8-8-8 : I wonder what the catalyst to go lower can be [2025-05-02 23:14:42] bmagic : Trumps pants fall down while addressing the public on live TV [2025-05-02 23:14:47] leBread : It is enough with one more trump speach to go lower. [2025-05-02 23:14:54] PeacenLuv : hangontight btc l @8-8-8 ongerz [2025-05-02 23:14:56] leBread : https://www.youtube.com/watch?v=W2WodaIThkQ [2025-05-02 23:15:00] bmagic : i'd sell all my bitcoin if that happened [2025-05-02 23:15:17] PeacenLuv : were voin vor a vukin ride weeeeee [2025-05-02 23:15:20] leBread : 75xers has been rekt, calculations in progress. [2025-05-02 23:15:42] 8-8-8 : leBread: that's tongue in cheek [2025-05-02 23:15:44] bmagic : REKT them again? [2025-05-02 23:15:47] leBread : i went long, on 7 out of 31 accounts, lets see. [2025-05-02 23:16:20] leBread : Curiousness killed the curious. [2025-05-02 23:16:23] bmagic : how do u do your taxes [2025-05-02 23:16:34] bmagic : with great pain? [2025-05-02 23:17:19] leBread : bmagic: Easy, inter volume - profit volume = negative taxes, * -1 to get the number. [2025-05-02 23:17:27] RonnieREKT : 🔥 Liquidated short on `ETHUSD`: Buy 9 Cont @ 1841.31 ($1,603.64) - Wallet's on a diet now! [2025-05-02 23:17:37] leBread : https://www.youtube.com/watch?v=p2vEoc4Cyb [2025-05-02 23:17:45] bmagic : i mean consolidating all your records for tax purposes from 31 accounts [2025-05-02 23:17:49] bmagic : lol [2025-05-02 23:17:59] bmagic : calculating tax liability is easy enough [2025-05-02 23:18:11] leBread : bmagic: To be honest, is the same formula x31 sir. [2025-05-02 23:18:18] bmagic : yes but x31 effort [2025-05-02 23:18:29] leBread : No! Automation is key. [2025-05-02 23:18:33] bmagic : indeed [2025-05-02 23:18:37] leBread : Remember Automator? [2025-05-02 23:18:39] bmagic : automation is how you do it [2025-05-02 23:19:00] leBread : Honestly, .,. in the end its all automaed. [2025-05-02 23:19:07] leBread : I dont worry., [2025-05-02 23:19:10] bmagic : i have somewhat automation [2025-05-02 23:19:16] bmagic : but there is still manual classification [2025-05-02 23:19:27] bmagic : unless your country has a simplified tax system [2025-05-02 23:19:33] bmagic : mine is not [2025-05-02 23:19:44] leBread : The only clasicucations I do is if it is profit or non profits. [2025-05-02 23:19:58] leBread : Then I do the addition between the two. [2025-05-02 23:19:58] bmagic : not good enough where i live [2025-05-02 23:20:36] leBread : I do not pay taxes where I currently live, but I want to move freely between juristications. [2025-05-02 23:20:56] bmagic : one of my friends lives in Turkey [2025-05-02 23:21:01] leBread : So for the trades I did before the move I actually do an average of all entries and all exits. [2025-05-02 23:21:01] bmagic : no tax currently but that may change [2025-05-02 23:21:49] leBread : Basically it means what I had in my account 1th January, then what I have in my account the next january. [2025-05-02 23:22:00] leBread : Simplified. [2025-05-02 23:22:04] bmagic : at least its simple [2025-05-02 23:22:17] bmagic : good to hear otherwise 31 accounts wouldn't be so manageable [2025-05-02 23:22:40] bmagic : some countries tax for greed and not for innovation. [2025-05-02 23:22:43] leBread : If I had 100€ Y1, then at Y2 I had 80€ thats a loss of €20. [2025-05-02 23:23:03] leBread : Calculating the value only. [2025-05-02 23:23:10] bmagic : a lot of countries want to tax on unrealised gains [2025-05-02 23:23:23] bmagic : thats where things get compicated [2025-05-02 23:23:45] leBread : if I at Y1 had €100 and Y2 I had €200, that is 100¤ profits thats 30% tax of that. [2025-05-02 23:24:14] leBread : In my original country and current country, we do not pay tax on unrealized profits. [2025-05-02 23:24:22] leBread : Only on realized. [2025-05-02 23:24:58] leBread : My origimaö cuntry being Sweden, my current being Kenya. [2025-05-02 23:25:10] leBread : kittentry ? lol [2025-05-02 23:25:24] leBread : original country [2025-05-02 23:25:46] bmagic : automation failure [2025-05-02 23:25:47] bmagic : lol [2025-05-02 23:26:03] bmagic : a kittenry would be awesome though [2025-05-02 23:26:10] leBread : lol, indeed. [2025-05-02 23:26:13] bmagic : except i'm allergic