This is a mirror of the original BitMEX trollbox archive that used to be online here.
BitMEX disabled their archive after the DDOS attack so I have decided to make my mirror publicly available.

Well now, a few days after I made this mirror available to the public, the original archive from BitMEX is online again.
But since it is still limited (neutered to the last few hundred messages) I will keep my FULL mirror alive.

You have access to more than 50 million trollbox posts. This is more than 7 gigabyte of data hosted on a $5 server so please be patient or consider a donation

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[2016-01-10 20:23:58] habibi : better\
[2016-01-10 20:24:02] habibi : wthaever
[2016-01-10 20:24:38] tscha : manchstr_untd1: 7d premium is higher than 24h premium
[2016-01-10 20:25:16] tscha : it's just the spread that is larger too
[2016-01-10 20:25:17] manchstr_untd1 : 24h prem = 2 dollar. 7d prem (with 5 days left) = 3 dollars.
[2016-01-10 20:26:00] sleger : manchstr_untd1: 3$?
[2016-01-10 20:26:08] tscha : it still is higher than the daily premium
[2016-01-10 20:26:18] sleger : 3=5 ?
[2016-01-10 21:46:11] zanza : 3=5
[2016-01-10 21:49:12] rapidtrades : 3=5!
[2016-01-10 21:52:00] rapidtrades : some more premium and I'll sell my long
[2016-01-10 22:02:21] micmix : sometimes I don't understand traders. why everyone is selling March in the middle of the bull trend?
[2016-01-10 22:04:58] rapidtrades : I don't think we're in a bull trend
[2016-01-10 22:05:46] micmix : idk, look at 1d chart. if it's not a bull trend I don't know what is
[2016-01-10 22:06:18] rapidtrades : potential topping pattern? I'm hedged until we breakout
[2016-01-10 22:07:16] micmix : maybe it's a top but shorting here is just so dangerous
[2016-01-10 22:07:40] rapidtrades : agree
[2016-01-10 22:08:19] micmix : even if you think it's top you should sit and wait imho
[2016-01-10 22:10:18] tscha : maybe they were closing the pos?
[2016-01-10 22:11:51] micmix : maybe, hard to say, but looks like too much selling for just closing
[2016-01-10 22:12:45] rapidtrades : retailers usually sell tops
[2016-01-10 22:13:15] micmix : you mean buy tops and sell bottoms?
[2016-01-10 22:13:32] rapidtrades : nope, reverse
[2016-01-10 22:14:09] micmix : so I should follow retailers I guess :-) can you point me to one plz?
[2016-01-10 22:15:24] rapidtrades : I didn't mean call tops...I said buy tops
[2016-01-10 22:15:29] rapidtrades : well perceived tops
[2016-01-10 22:15:43] rapidtrades : fu..ck I meant sell tops
[2016-01-10 22:15:48] micmix : you said 'sell tops' :-)
[2016-01-10 22:15:55] rapidtrades : yep
[2016-01-10 22:16:43] rapidtrades : Yen up around 0.25% in 15 mins...here we go again
[2016-01-10 22:17:05] rapidtrades : not too surprising considering we closed near lows in stocks
[2016-01-10 22:17:42] rapidtrades : holy shit...there's a slight panic atm
[2016-01-10 22:17:55] rapidtrades : dropped another 20 pips
[2016-01-10 22:20:57] HowDoge : wow just hit up a chart and wow
[2016-01-10 22:21:04] habibi : yen ups to dollar? or down to dollar?
[2016-01-10 22:21:29] HowDoge : I would love to get in on these moves. Would loose so much monies :D
[2016-01-10 22:23:05] rapidtrades : Yen up against everything atm, risk off open to the week
[2016-01-10 22:24:35] HowDoge : crazy dayz
[2016-01-10 22:25:36] micmix : most traders trade like this: open long, sell on the drop, buy back higher later, and do that many times during the bull run
[2016-01-10 22:26:43] micmix : some even manage to lose money on longs during the uptrend
[2016-01-10 22:29:38] rapidtrades : maybe in bitcoin where everyone's perpetually bullish
[2016-01-10 22:29:59] rapidtrades : usually tho crowd sells during uptrends
[2016-01-10 22:30:35] micmix : yeah, shorting the uptrend is the best idea ever
[2016-01-10 22:31:04] micmix : esp in bitcoin
[2016-01-10 22:34:25] tscha : is anybody here trading on gatecoin?
[2016-01-10 22:50:07] REKT : Liquidated short on `XBT24H`: Buy 10 @ 449.87
[2016-01-10 23:49:33] manchstr_untd1 : last few days down trend is over. get long
[2016-01-10 23:54:40] sleger : trading advice by soccer fan... good luck !
[2016-01-10 23:56:53] HowDoge : he has a point though
[2016-01-10 23:57:08] HowDoge : the daily candle is interesting to watch print
[2016-01-10 23:57:09] HowDoge : http://prntscr.com/9ojzyu
[2016-01-10 23:58:39] habibi : china is doing good job right now
[2016-01-10 23:58:54] HowDoge : here we go.... maybe
[2016-01-10 23:59:04] habibi : 2951 :)
[2016-01-11 00:00:48] HowDoge : http://prntscr.com/9ok1t8
[2016-01-11 00:01:30] manchstr_untd1 : hmm what did i say
[2016-01-11 00:01:44] HowDoge : :thumbs_up: :)
[2016-01-11 00:02:24] HowDoge : but it aint over yet. still testing yesterdays pivot
[2016-01-11 00:02:48] manchstr_untd1 : too many shorts now after two days of falling they gonna close fast
[2016-01-11 00:03:01] BitMEX_Arthur : USDCNH on the move
[2016-01-11 00:03:03] BitMEX_Arthur : USDZAR
[2016-01-11 00:03:06] BitMEX_Arthur : USDJPY
[2016-01-11 00:03:10] BitMEX_Arthur : hello monday
[2016-01-11 00:03:22] habibi : Usd is gaining or loosing overall?
[2016-01-11 00:03:35] MrJ1m : xauusd too
[2016-01-11 00:03:39] MrJ1m : gaining
[2016-01-11 00:03:43] BitMEX_Arthur : nice
[2016-01-11 00:03:47] messiaen8844 : Soon USDBRL also :). Have nice position on that
[2016-01-11 00:03:55] BitMEX_Arthur : USDJPY carnage
[2016-01-11 00:03:56] BitMEX_Arthur : 116
[2016-01-11 00:03:58] MrJ1m : that usdzar move was insane
[2016-01-11 00:04:14] BitMEX_Arthur : just looking through all the markets now
[2016-01-11 00:04:20] HowDoge : BitMEX_Arthur: hey man, thanks for the youtube vid. looking forward to the next one !
[2016-01-11 00:04:25] MrJ1m : u in asia?
[2016-01-11 00:04:31] BitMEX_Arthur : Yes in Singapore / Hong Kong
[2016-01-11 00:04:37] MrJ1m : right
[2016-01-11 00:04:41] BitMEX_Arthur : The next one will air Wednesday
[2016-01-11 00:04:43] MrJ1m : btcusd on the move too :)
[2016-01-11 00:04:49] BitMEX_Arthur : I will announce it in the newsletter today
[2016-01-11 00:05:16] MrJ1m : US30, sp50à, cac, dax
[2016-01-11 00:05:19] MrJ1m : taking a hit again
[2016-01-11 00:05:26] MrJ1m : gonna be fuuun tomorrow
[2016-01-11 00:24:39] REKT : Liquidated short on `XBT24H`: Buy 200 @ 451.24
[2016-01-11 00:24:39] REKT : Liquidated short on `XBT24H`: Buy 1100 @ 451.45
[2016-01-11 00:26:09] REKT : Liquidated short on `XBT24H`: Buy 3287 @ 453.17
[2016-01-11 02:02:59] micmix : BitMEX_Arthur: any way you guys could reduce the settlement fee on XBU7D?
[2016-01-11 02:04:01] micmix : BitMEX_Arthur: currently it costs 0.5% per week to keep your hedge, makes it unsuitable for any long-term hedging
[2016-01-11 02:09:50] gaoMex : I agree and only weekly is available.
[2016-01-11 02:10:16] gaoMex : If I need to hedge for a month, I will need to buy 4 times, so 4 times the fees.
[2016-01-11 02:14:32] REKT : Liquidated long on `XBT24H`: Sell 4440 @ 451.79
[2016-01-11 02:18:05] j8 : it's true, can short on bitfinex with the same leverage and lower fees
[2016-01-11 02:20:16] micmix : j8: exactly
[2016-01-11 02:25:50] j8 : there's an argument for a USD-denominated hedge in the case of a catastrophic failure of bitcoin. you will (hopefully) still get paid if bitcoin goes to 0
[2016-01-11 02:37:09] sleger : yes infinite number of bitcoins worth 0, good luck with that
[2016-01-11 02:41:59] j8 : even at a price of $1.00, there's $23.5 million worth of shorts on okc right now.
[2016-01-11 02:43:09] j8 : meh, all these sites would probably default in that scenario anyway
[2016-01-11 03:02:52] rapidtrades : closed the long...too scared to short this premium tho
[2016-01-11 03:03:23] rapidtrades : it's prolly not enough if we breakout
[2016-01-11 03:26:23] j8 : 344k contracts mean business
[2016-01-11 03:30:12] lockhedge : and spoofing
[2016-01-11 03:30:27] rapidtrades : j8: speak eng
[2016-01-11 03:30:40] rapidtrades : oh I saw it nvm
[2016-01-11 03:30:51] rapidtrades : prolly baller sledger
[2016-01-11 03:30:55] j8 : lol
[2016-01-11 03:31:35] j8 : doesn't seem like something he'd do
[2016-01-11 03:31:44] rapidtrades : order that big prolly not looking to get executed
[2016-01-11 03:32:11] rapidtrades : shock value only imo
[2016-01-11 03:34:28] j8 : could probably run it down for a fat liquidation
[2016-01-11 03:34:54] rapidtrades : dpe would suck,,,,just booked some profits here
[2016-01-11 03:35:11] j8 : no because you'd clear it
[2016-01-11 03:35:37] fourseam : hi what's xbu??
[2016-01-11 03:36:05] rapidtrades : no? if we go down and it gets executed then margin called, we'll get DPE and huge wall on the ask side
[2016-01-11 03:38:05] fourseam : admin here?
[2016-01-11 03:38:31] BitMEX_Sam : fourseam: We're here.
[2016-01-11 03:39:13] rapidtrades : that long seems convinced we're not going down huh
[2016-01-11 03:39:30] rapidtrades : could be easy money if we dropped suddenly now
[2016-01-11 03:41:58] BitMEX_Sam : That's a nice spread.
[2016-01-11 03:42:47] rapidtrades : he just chewed 10k of ask
[2016-01-11 03:43:24] manchstr_untd1 : nah that was me
[2016-01-11 03:43:51] rapidtrades : manchstr_untd1: are u on isolate?
[2016-01-11 03:44:00] manchstr_untd1 : long as order is still there at worst i lose 1 cent and fees so wtf give it a go
[2016-01-11 03:44:27] rapidtrades : ....he could pull it anytime u know
[2016-01-11 03:44:33] manchstr_untd1 : no shit
[2016-01-11 03:46:25] rapidtrades : this mofo will DPE us
[2016-01-11 03:46:44] manchstr_untd1 : yeah largest order ive seen here yet
[2016-01-11 03:46:56] manchstr_untd1 : at least hes going the way im going
[2016-01-11 03:47:15] BitMEX_Sam : It's still 15 XBT of principal, minimum; that's a lot to get liquidated for. I'm sure he's not taking the decision lightly
[2016-01-11 03:47:48] manchstr_untd1 : oh god 330k contracts at 100x i cant imagine lol
[2016-01-11 03:48:05] manchstr_untd1 : i hope theyve got more than minimum for their sake haha
[2016-01-11 03:48:18] rapidtrades : idk...at $2 premium with 8 hours to go, u better be sure this is going up
[2016-01-11 03:48:30] BitMEX_Sam : Right - was thinking the same thing.
[2016-01-11 03:51:21] laisee : sledger has someone to play with now?
[2016-01-11 03:52:18] rapidtrades : aaaand he's gone
[2016-01-11 03:52:21] habibi : pussy
[2016-01-11 03:52:22] habibi : !:)
[2016-01-11 03:52:39] manchstr_untd1 : boooo this man, booooooooooo
[2016-01-11 03:52:40] habibi : 317k contracts
[2016-01-11 03:52:44] habibi : lets see what happen :)
[2016-01-11 03:52:50] rapidtrades : he got what 50k
[2016-01-11 03:52:58] manchstr_untd1 : 80ish i think
[2016-01-11 03:53:09] rapidtrades : that's his usual position
[2016-01-11 03:53:09] manchstr_untd1 : 330 to 240 right?
[2016-01-11 03:53:32] rapidtrades : 80k-ish
[2016-01-11 03:53:48] laisee : heh. say his name and it disappers ...
[2016-01-11 03:54:24] rapidtrades : didn't change market psychology...prolly cos we're bot infested here
[2016-01-11 03:54:47] rapidtrades : *check order *check finex ....everything's cool says bot
[2016-01-11 04:42:05] rapidtrades : is finex at 450.69? quote's been frozen there for ages
[2016-01-11 04:42:20] rapidtrades : nvm just dropped to 68
[2016-01-11 06:11:08] REKT : Liquidated long on `XBT24H`: Sell 300 @ 451.49
[2016-01-11 06:15:18] manchstr_untd1 : whoa there finex
[2016-01-11 06:15:46] manchstr_untd1 : anyone else having a really slow time on bitmex at the moment?
[2016-01-11 06:15:54] manchstr_untd1 : chat taking 15 seconds to post
[2016-01-11 06:16:08] REKT : Liquidated long on `XBT24H`: Sell 2000 @ 450.83
[2016-01-11 06:24:01] BitMEX_Sam : manchstr_untd1: Fine on this end.
[2016-01-11 06:24:04] BitMEX_Sam : I'll take a look at the logs.
[2016-01-11 06:26:30] BitMEX_Sam : I don't see anything unusual. Perhaps it was your connection.
[2016-01-11 06:26:57] manchstr_untd1 : could very well be, thanks for looking in to it
[2016-01-11 06:50:09] REKT : Liquidated long on `XBT24H`: Sell 7859 @ 450.19
[2016-01-11 06:50:33] manchstr_untd1 : good lord
[2016-01-11 06:50:39] manchstr_untd1 : of course this is when my interenet goes out
[2016-01-11 06:51:09] REKT : Liquidated long on `XBT7D`: Sell 4957 @ 451.27
[2016-01-11 06:53:09] REKT : Liquidated long on `XBT24H`: Sell 400 @ 448.69
[2016-01-11 06:53:46] manchstr_untd1 : fuck this shit
[2016-01-11 06:53:59] REKT : Liquidated long on `XBT24H`: Sell 180 @ 448.20
[2016-01-11 07:01:09] REKT : Liquidated long on `XBT24H`: Sell 1473 @ 446.04
[2016-01-11 07:02:21] BitMEX_Arthur : Seems like Bitcoin no like csi300 being down 5% today
[2016-01-11 07:04:26] gaoMex : BitMEX_Arthur: Seems like started in Stamp
[2016-01-11 07:06:47] bertmacklin666 : When is Arthur going to do his next arbitrage video?
[2016-01-11 07:07:02] BitMEX_Arthur : Wednesday at 03:00 GMT
[2016-01-11 07:07:09] SnackyCoins : +1
[2016-01-11 07:07:09] BitMEX_Arthur : More details will be in today's newsletter
[2016-01-11 07:07:13] bertmacklin666 : cool, thanks. Enjoyed the first one
[2016-01-11 07:07:20] SnackyCoins : another +1 for newsletter
[2016-01-11 07:07:26] BitMEX_Arthur : Thanks guys
[2016-01-11 07:07:32] BitMEX_Arthur : we appreciate the good vibes
[2016-01-11 07:07:56] SnackyCoins : i appreciate the free knowledge ;)
[2016-01-11 07:13:34] laisee : going to have to rename this to the NiceBox ;-)
[2016-01-11 07:14:41] BitMEX_Arthur : Just wait for sledged and rapid trades to come back on
[2016-01-11 07:15:18] SnackyCoins : goodnight sweet prince
[2016-01-11 07:15:46] bertmacklin666 : so for the xbu series, the Mark Price I'm seeing is the same as the Last Price, which is currently very different from the indicative settle price. Wouldn't the indicative settle price be more accurate to use as the mark price to see where your P&L stands?
[2016-01-11 07:16:13] bertmacklin666 : well now it just chagned
[2016-01-11 07:16:23] bertmacklin666 : was sitting at 450
[2016-01-11 07:17:00] BitMEX_Arthur : bertmacklin666: XBU is market to the last traded price of the futures contract
[2016-01-11 07:17:07] BitMEX_Arthur : Indicative settle price is just live spot
[2016-01-11 07:17:16] BitMEX_Arthur : unless we are during calculation period for the purposes of settlement
[2016-01-11 07:17:19] bertmacklin666 : right. . but what is it settled on?
[2016-01-11 07:18:22] BitMEX_Arthur : https://www.bitmex.com/app/index/.XBT2H
[2016-01-11 07:19:30] bertmacklin666 : I see, thanks
[2016-01-11 07:23:04] rapidtrades : $447? rly?
[2016-01-11 07:24:32] rapidtrades : BitMEX_Arthur: what do u make of today's reaction? are we over China yet
[2016-01-11 07:30:16] BitMEX_Arthur : rapidtrades: I'm super bullish
[2016-01-11 07:30:22] BitMEX_Arthur : CNY will devalue
[2016-01-11 07:30:30] BitMEX_Arthur : Global markets are on the point of collapse
[2016-01-11 07:30:43] BitMEX_Arthur : gold, bitcoin, and US treasuries will scream higher
[2016-01-11 07:31:09] BitMEX_Arthur : the key is cny devaluation, if and when that thesis is invalidated then i would not be a bull anymore
[2016-01-11 07:31:19] BitMEX_Arthur : but all signs point to a shock 15% devaluation sometime soon
[2016-01-11 07:31:24] BitMEX_Arthur : I am betting on chinese new year
[2016-01-11 07:31:27] BitMEX_Arthur : 10 day banking holiday
[2016-01-11 07:31:36] BitMEX_Arthur : PBOC goes full metal jacket with soap on these mofos
[2016-01-11 07:31:43] BitMEX_Arthur : rate cuts, devaluation, QE
[2016-01-11 07:31:45] BitMEX_Arthur : boom
[2016-01-11 07:32:38] bertmacklin666 : Do you see the 10 day banking holiday affecting bitcoin negatively at all? People won't be able to get money into an exchange, right?
[2016-01-11 07:33:15] BitMEX_Arthur : xbtusd will be open and there are futures
[2016-01-11 07:33:31] chromaticcr : make sure to get your head covered if you are arb-ing anything that composed of cny
[2016-01-11 07:34:42] bertmacklin666 : But as far as Chinese wanting to get CNY into a bitcoin exchange, they won't be able to during that time, right?
[2016-01-11 07:35:04] BitMEX_Arthur : nope nor will they be able to do anything else
[2016-01-11 07:35:12] BitMEX_Arthur : so could be the case of buy the rumour sell the fact
[2016-01-11 07:35:29] BitMEX_Arthur : a big run up in USDCNH and Bitcoin pre CNY
[2016-01-11 07:35:33] bertmacklin666 : that just seems like such a bad idea for so many financial reasons. . .10 days wow
[2016-01-11 07:35:38] BitMEX_Arthur : and either flat or mini dump after any policy announcements are made
[2016-01-11 07:35:52] BitMEX_Arthur : welcome to china brah
[2016-01-11 07:36:00] BitMEX_Arthur : most of asia shuts fore 3-14 days
[2016-01-11 07:36:02] BitMEX_Arthur : for lunar new year
[2016-01-11 07:36:57] chromaticcr : *school cont'd at day 4*....
[2016-01-11 07:37:17] bertmacklin666 : So I'm googling it and I see that the actual NY is Feb 8th. . .but is that the start of the 10 day period or is it bookended in the middle somewhere?
[2016-01-11 07:38:24] BitMEX_Arthur : just google national holidays, markets reopen on the 14th of feb i think
[2016-01-11 07:40:08] chromaticcr : HK reopen at 11th, mainland 15th
[2016-01-11 07:40:46] chromaticcr : a long holiday for the great migration
[2016-01-11 07:41:09] bertmacklin666 : Ah, so am I understanding it correctly that the banking holiday is 10 days total, not 10 business days, just 10 days, right?
[2016-01-11 07:41:40] BitMEX_Arthur : chromaticcr: When does CNY start?
[2016-01-11 07:41:44] BitMEX_Arthur : it's 7-10 days
[2016-01-11 07:41:49] BitMEX_Arthur : not sure the exact length
[2016-01-11 07:41:55] BitMEX_Arthur : but banks are open 7 days a week in china
[2016-01-11 07:41:59] bertmacklin666 : ooh
[2016-01-11 07:42:10] BitMEX_Arthur : yeah banking actually a lot better in some respects than in the west
[2016-01-11 07:42:17] bertmacklin666 : yeah that does make a lot of sense
[2016-01-11 07:42:24] chromaticcr : we step in the year monkey at 8th feb
[2016-01-11 07:42:35] BitMEX_Arthur : so 7 days
[2016-01-11 07:43:12] chromaticcr : okcrap can still print money and do whatever they want
[2016-01-11 07:45:02] laisee : plenty of crap s/be taking place b4 & after the CNY break.
[2016-01-11 08:18:52] micmix : :btc: :soon: :crescent_moon:
[2016-01-11 08:20:53] laisee : micmix: > it's not a full moon :-(
[2016-01-11 08:23:25] micmix : laisee: going to quarter moon first ($2,500)
[2016-01-11 08:23:48] laisee : good enough :-D
[2016-01-11 08:27:39] laisee : perfect storm: CNY devalues(not by choice), Bitcoin halves, Block size increased, UL votes to leave Euro, Jamie Dimon buys 10k BTC ... all around June. Last one may not happen.
[2016-01-11 08:27:57] laisee : ^UL^UK
[2016-01-11 08:37:52] HowDoge : lol the day Dimon buys btc the world must be collapsing... for him
[2016-01-11 08:47:41] laisee : yeah, wouldn't rate it as a high probability ...
[2016-01-11 09:15:32] aethlios : a lot of premium at 24H
[2016-01-11 10:19:38] laisee : aethlios: > will be a battle all the way to the tape, perhaps
[2016-01-11 11:24:45] chromaticcr : cha-ching
[2016-01-11 11:45:14] habibi : 418k open interest
[2016-01-11 11:45:20] habibi : seems like ath here?
[2016-01-11 11:46:42] zanza : ok i just longed USDCNH 6.48 margin call whish me luck !
[2016-01-11 11:47:01] chromaticcr : you will never see 6.48 again lol
[2016-01-11 11:47:17] chromaticcr : wish Chinese govt. good luck on their "soft landing"
[2016-01-11 11:47:17] zanza : never know, one thing i leanred but I hope you right! thank for encourangemen
[2016-01-11 11:47:44] zanza : :)
[2016-01-11 11:50:15] zanza : http://www.zerohedge.com/news/2016-01-10/here-comes-yuantervention
[2016-01-11 11:52:44] j8 : go close your longs on the daily and save on fees
[2016-01-11 11:53:26] chromaticcr : 1+0.025%+0.05% ;)
[2016-01-11 11:53:35] habibi : j8: go close ur short on daily and save ur fees
[2016-01-11 11:53:48] j8 : there's 160k of bids stacked up at a premium
[2016-01-11 11:54:10] j8 : that's exactly what i'm doing but it takes two to tango
[2016-01-11 11:54:18] gaoMex : i can do it
[2016-01-11 11:54:23] habibi : u can afford premium with taker "fee"
[2016-01-11 11:54:26] chromaticcr : 445.6, take it ;)
[2016-01-11 12:00:07] j8 : lame, no one wants to save fees.
[2016-01-11 12:00:33] chromaticcr : J8 are you 445.61? ;)
[2016-01-11 12:00:43] haxmb : take: .075%, settle: .05%
[2016-01-11 12:01:04] habibi : which idiot bought 5k at 450?
[2016-01-11 12:01:14] haxmb : .025% *445 = 11 cents
[2016-01-11 12:01:50] haxmb : save 11 cents by buying 32 cents over settlement, nice move 445.60 and 445.61
[2016-01-11 12:02:23] j8 : no i was 22 cents over
[2016-01-11 12:02:37] haxmb : 445.28 settlement
[2016-01-11 12:02:46] haxmb : so 445.50 still gives you a loss
[2016-01-11 12:02:50] haxmb : compared to just letting it settle
[2016-01-11 12:02:56] justinlooking : habibi: not guilty (of buying at 450 at least... idiot, maybe...)
[2016-01-11 12:03:04] chromaticcr : settle-> maker= 0.075% less fee, settlePrice*(1+0.075%), mark down a few cents and save $$ (I was 445.6)
[2016-01-11 12:03:52] haxmb : @chromaticcr what?
[2016-01-11 12:04:04] haxmb : 445.6 was not profitable
[2016-01-11 12:04:20] haxmb : 445.28 settled.. thats 32 cents you lose
[2016-01-11 12:04:37] j8 : you make 11 cents from maker fee
[2016-01-11 12:04:48] haxmb : 445.28*0.025% fee difference = 11 cent
[2016-01-11 12:04:52] j8 : so 445.6 is very close to the break even - same as letting settle
[2016-01-11 12:04:56] haxmb : yeah so you lose 21 cents
[2016-01-11 12:05:44] haxmb : erm if you were to sell 100 00 contracts thats say 45 btc so 9 bucks
[2016-01-11 12:05:52] haxmb : waste if 9 bucks if you ask me
[2016-01-11 12:05:54] haxmb : 10 000 **
[2016-01-11 12:06:29] j8 : haxmb: you pay it at settlement anyway so you can pay half as much this way.
[2016-01-11 12:06:49] haxmb : settlement fee is 0.05%
[2016-01-11 12:07:16] chromaticcr : 445.28, settle fee 0.05%=>0.223, maker rebate 0.025%=>0.111, placed order to close short at 445.6, which is less than 445.28+0.223+0.111=445.614
[2016-01-11 12:09:39] j8 : optimally you would both pay 0.025% to close. but, people like paying fees.
[2016-01-11 12:10:52] j8 : or don't realize it, or aren't around at settlement
[2016-01-11 12:12:59] rapidtrades : some dumbass cracker is bulish
[2016-01-11 12:13:06] chromaticcr : 418k open interest settled = ? lap dances
[2016-01-11 12:14:00] laisee : chromaticcr> buy the club ...
[2016-01-11 12:14:32] zanza : rapidtrades: whats up
[2016-01-11 12:14:39] zanza : are you doing any forex right now?
[2016-01-11 12:15:00] j8 : `409276 * 0.0044528 * 0.025/100 = 0.4556 XBT` in unnecessary fees collected
[2016-01-11 12:15:18] zanza : why is it unnecessary?
[2016-01-11 12:15:28] j8 : because longs and shorts can cooperate to pay less
[2016-01-11 12:15:54] rapidtrades : I was short but nothing I can do with bid 0.30 above settlement
[2016-01-11 12:16:09] j8 : same, need longs to cooperate
[2016-01-11 12:16:16] laisee : zanza: > UAHZWD cross is doimg mad volume now.
[2016-01-11 12:16:30] rapidtrades : that guy with a dream
[2016-01-11 12:17:04] zanza : the problem with 24h settlement, its done on a 30 min average
[2016-01-11 12:17:42] j8 : why is that a problem?
[2016-01-11 12:18:07] j8 : i prefer it over the 2-hour window in some ways
[2016-01-11 12:18:41] zanza : i guess if you use `indicative settlement price`
[2016-01-11 12:19:36] zanza : @445.35 x .0005 = .22 cents
[2016-01-11 12:20:13] zanza : so technically 30 cent premium you could save money by taking early
[2016-01-11 12:20:24] zanza : but its really small potatoes
[2016-01-11 12:21:07] j8 : longs could have saved money, shorts were trying to. it's small but annoying
[2016-01-11 12:21:36] sleger : j8: 2 hour settlement window on 24h contract is a problem I think. because during that window your position starts to decrease
[2016-01-11 12:21:57] j8 : yeah that's why i prefer 30 min
[2016-01-11 12:22:03] j8 : get it over with
[2016-01-11 12:22:10] sleger : It's often this way. Longs are usually not as smart it seems (logical conclusion ?)
[2016-01-11 12:22:36] zanza : my forex client doesn't even have UAHZWD
[2016-01-11 12:22:52] zanza : its an obscure pair
[2016-01-11 12:23:05] j8 : sleger: sounds about right
[2016-01-11 12:23:21] laisee : yeah, was thinking rapidtrades may bite given his interest in fx
[2016-01-11 12:23:39] justinlooking : UAHZWD lol wtf who is trading that
[2016-01-11 12:23:53] justinlooking : who trades anything zwd anything?!
[2016-01-11 12:23:57] laisee : zanza: > only way to really trade thos eis with poicket full of US$ and airline ticket.
[2016-01-11 12:24:01] sleger : no bank will waste any ressource streaming a pair nobody trades
[2016-01-11 12:24:50] irbbqu : Grammarpooolice
[2016-01-11 12:25:22] j8 : *resource
[2016-01-11 12:25:38] laisee : grammar nazi are hair
[2016-01-11 12:26:00] irbbqu : Yea, just find it hilarious sleger is the only one around here.
[2016-01-11 12:27:25] rapidtrades : dat premium...I may have to hedge my short with spot
[2016-01-11 12:27:55] laisee : sledger, as he is know to his fans
[2016-01-11 12:28:00] rapidtrades : I don't think it's coming down today
[2016-01-11 12:28:52] j8 : hmm $2 for one day or $4 for 5 days
[2016-01-11 12:29:43] j8 : better long the daily, 50x is just not enough
[2016-01-11 12:30:34] j8 : **4 days
[2016-01-11 12:32:31] rapidtrades : I'll long spot instead tnx for the suggestin tho
[2016-01-11 12:32:59] j8 : rapidtrades: wasn't really serious
[2016-01-11 12:36:57] j8 : just always amazed at the preference for high leverage short term longs here
[2016-01-11 12:38:22] laisee : a.k.a. "gambling"
[2016-01-11 12:47:16] rapidtrades : zanza: what about forex?
[2016-01-11 13:14:24] zanza : what does it stand for ?
[2016-01-11 13:14:28] zanza : "forex"
[2016-01-11 13:23:17] rapidtrades : foreign exchange? lol
[2016-01-11 13:27:47] laisee : rapidtrades: >whats "cable"
[2016-01-11 13:48:08] sleger : the long cord between your pc and the wall ?
[2016-01-11 13:50:28] laisee : yeh, thats it.
[2016-01-11 13:50:38] zanza : PogChamp
[2016-01-11 14:10:40] sleger : someone just market bought 20k
[2016-01-11 14:11:41] irbbqu : omgwtfbbq
[2016-01-11 14:12:09] irbbqu : Slim chances of getting filled otherwise
[2016-01-11 14:36:20] tscha : anyone interest in a m16 deal?
[2016-01-11 14:36:24] tscha : someone wants to sell?
[2016-01-11 14:37:43] sleger : at 640 i can sell
[2016-01-11 14:38:16] tscha : 638.50 is a fair price IMHO
[2016-01-11 14:38:21] tscha : :-)
[2016-01-11 14:38:28] sleger : there you go
[2016-01-11 14:38:48] tscha : thanks
[2016-01-11 14:38:55] sleger : no more ?
[2016-01-11 14:39:21] tscha : no thanks
[2016-01-11 15:01:03] tscha : sleger: maybe 3k more?
[2016-01-11 15:01:26] sleger : go ahead
[2016-01-11 15:01:32] tscha : ty
[2016-01-11 15:22:40] zanza : reported to admins for price fixi
[2016-01-11 15:22:57] zanza : price fixing
[2016-01-11 15:25:06] sleger : "zanza: what does it stand for ? zanza: "forex" " ... LOL
[2016-01-11 15:26:04] zanza : sounds like a bad movie title
[2016-01-11 15:26:22] chromaticcr : cnh 6.6 reached, lets see where it pops up to tmr after pbc takes its hand away
[2016-01-11 15:29:09] sleger : zanza: please explain what you think "price fixing" means ? We all need a good laugh around here
[2016-01-11 15:31:21] laisee : insider trading, on the internet for all to see ... ;-)
[2016-01-11 15:32:00] sleger : not sure what "insider" part was about that trade either
[2016-01-11 15:32:29] chromaticcr : must be the news of "bitcoin ceo is dead"
[2016-01-11 15:33:32] laisee : slegder ... it was joke
[2016-01-11 15:34:17] sleger : alright laidsee, sometimes its hard to tell around here
[2016-01-11 15:35:32] REKT : Liquidated short on `XBT24H`: Buy 60 @ 450.10
[2016-01-11 15:36:20] laisee : sledge> will add /JOKE to all future "jokes"
[2016-01-11 15:36:48] sleger : someone buying crazy here
[2016-01-11 15:38:19] irbbqu : yea, got 450.50, coudnt resist.
[2016-01-11 15:38:44] irbbqu : lol dayum
[2016-01-11 15:39:04] habibi : wtf:D
[2016-01-11 15:39:15] Swedishnut : yeah wow
[2016-01-11 15:39:19] tscha : sleger: so how much are you short now? :D
[2016-01-11 15:39:31] laisee : cheep coins here
[2016-01-11 15:39:46] habibi : yea 10 dollar premium, pretty cheap
[2016-01-11 15:40:26] sleger : 5=10 ?
[2016-01-11 15:40:49] habibi : there was buy at 455 u super inteligent persona
[2016-01-11 15:40:51] laisee : sure, same set of math formulas that proves 11 == 14
[2016-01-11 15:41:07] habibi : 454.80 exacly
[2016-01-11 15:43:05] sleger : alright but thats more of a fat finger / stupid buy than real premium
[2016-01-11 15:44:21] habibi : yea and actual premium is made by not fat fingers?
[2016-01-11 15:45:38] sleger : exactly, it is what it is now, 4-5$
[2016-01-11 15:50:21] tscha : guess that 454.80 was Marketorder-Mike
[2016-01-11 15:50:45] tscha : doesn't seem like Freddy Fatfinger
[2016-01-11 15:51:19] rapidtrades : the b1tch that's the Euro finally melting down
[2016-01-11 15:51:27] sleger : anyways, it was a pretty dumb order as market wasnt crazy and he could have bought much cheaper
[2016-01-11 15:52:18] rapidtrades : I sense a noon among us
[2016-01-11 15:52:41] rapidtrades : *noob
[2016-01-11 15:57:36] Swedishnut : sp took a dive below 2016 and beyond markets slipping
[2016-01-11 15:57:43] rapidtrades : nice.....
[2016-01-11 15:57:48] rapidtrades : paniK
[2016-01-11 15:57:57] Swedishnut : love some tasty panic
[2016-01-11 15:58:34] Javier : It nearly gave me a stroke
[2016-01-11 15:58:56] rapidtrades : Swedishnut: wait what
[2016-01-11 15:59:13] rapidtrades : ...we opened at 1915 and we're now at 1915
[2016-01-11 15:59:20] rapidtrades : I call FUD on u sir
[2016-01-11 15:59:21] Swedishnut : yeah and usd/cad is flyingying up too
[2016-01-11 15:59:48] laisee : conspiracy explains it all
[2016-01-11 16:00:11] rapidtrades : Swedishnut: that pair is barely up 0.15&
[2016-01-11 16:00:14] rapidtrades : %
[2016-01-11 16:01:56] Swedishnut : yeah I might be a bit sick with a fever and trying to trade today. Just getting excited to so what this week will bring. so far to me it looks like another of the same week before
[2016-01-11 16:02:32] rapidtrades : maybe...we had a very bullish start tho
[2016-01-11 16:02:56] rapidtrades : why didn't u mentioned the usd/chn? down 1.5% today
[2016-01-11 16:03:04] rapidtrades : that's prolly more important for BTC
[2016-01-11 16:03:42] rapidtrades : *USDCNH
[2016-01-11 16:03:56] habibi : this fatfinger is closing his stupid long at 450 all time
[2016-01-11 16:04:15] rapidtrades : how much did he buy
[2016-01-11 16:04:26] Javier : a ton or two
[2016-01-11 16:09:09] habibi : this is the best ping pong i have had here
[2016-01-11 16:09:16] Javier : haha!
[2016-01-11 16:23:02] irbbqu : Fatfinger time for another round of buying
[2016-01-11 16:23:11] irbbqu : Nuke it.
[2016-01-11 16:25:33] REKT : Liquidated short on `XBT24H`: Buy 1 @ 450.84:punch: :whale:
[2016-01-11 16:26:15] BitMEX_Sam : ? ?
[2016-01-11 16:30:44] gartan : do it~
[2016-01-11 16:47:56] tscha : andybody trading spot on gatecoin or heard some experiences?
[2016-01-11 17:15:36] sleger : im sure its a fine exchange, why are you asking ?
[2016-01-11 17:20:45] tscha : I think about trading there and wanted to get some opinions, since I haven't heard much about it before
[2016-01-11 17:21:22] sleger : i would consider it safe. However whats the advantage vs say bitfinex ?
[2016-01-11 17:24:24] tscha : i might trade on both.
[2016-01-11 17:29:00] joequant : The advantage is that they offer XBTEUR and XBTHKD trades. Possibility of arb
[2016-01-11 17:29:10] tscha : joequant: yepp
[2016-01-11 17:31:31] tscha : also, gatecoins has 0% fees for maker and taker when you do marketmaking (quote specific amount under specific spread)
[2016-01-11 17:31:48] tscha : monthly fee for such an account is just 0.8 btc
[2016-01-11 17:32:35] sleger : and no double settlement fees :p
[2016-01-11 17:34:51] tscha : also, on gatecoin you just need 1000 btc traded in 30 days to fall in the lowest-fee-category, while on finex you need 65k atm
[2016-01-11 17:42:25] tscha : the server downtimes @ bitmex are getting more and more frequent
[2016-01-11 17:43:54] BitMEX_Sam : tscha: We have a backend service that is still occasionally unstable, I apologize for this
[2016-01-11 17:44:05] BitMEX_Sam : The downtimes never last more than 20-30s. Making it my top priority.
[2016-01-11 17:44:59] tscha : no worries, was just for the record
[2016-01-11 18:12:18] laisee : China doubling down on it's fight against markets ... http://www.ft.com/intl/cms/s/0/af02419a-b819-11e5-bf7e-8a339b6f2164.html#axzz3wrsTYkeY
[2016-01-11 18:14:57] zanza : $31 oil
[2016-01-11 18:15:45] irbbqu : Damn, if it breaks 30..
[2016-01-11 18:21:49] djuan : i lost £100 today on oil thinking it couldn't get any lower. guess i was wrong
[2016-01-11 18:32:37] joequant : I think the FT article got it wrong.
[2016-01-11 18:33:03] joequant : If there is an arb between CNY and CNH there's no need for the PBOC to do anything.
[2016-01-11 18:38:28] laisee : joequant: > it';s not an arb, they are just trying to drive up cost of shorting CNH.
[2016-01-11 18:40:52] j8 : and a big discount on CNH undermines their fixing rate
[2016-01-11 18:42:01] joequant : I don't think that this is what is going on.
[2016-01-11 18:42:49] j8 : give us some truth
[2016-01-11 18:43:09] joequant : PBC changes the onshore fixing rate. This creates a difference between CNY/CNH at which point HK speculators try to arb the difference.
[2016-01-11 18:43:29] joequant : And since CNH liquidity is low, this drives up HIBOR.
[2016-01-11 18:44:23] laisee : China is trying to stop flood of money leaving the country, this is part of that IMO.
[2016-01-11 18:44:28] j8 : CNH has been leading the devaluation, no?
[2016-01-11 18:44:50] joequant : China doesn't care about money leaving the country.
[2016-01-11 18:45:07] joequant : They've been trying to liberalize the economy.
[2016-01-11 18:45:40] laisee : yes, seems like they'd like to slow it down a littlw now
[2016-01-11 18:47:26] j8 : yes and with the SDR deal they said the yuan's value would be more market-driven, i.e. lower spread with offshore.. now it seems they're trying to get the same result by controlling both markets
[2016-01-11 18:48:52] joequant : I really don't think that the PBC is doing very much. When the PBC does something they aren't subtle about it.
[2016-01-11 18:49:35] laisee : buying up CNH is not so subtle ... it's a message to hedge funds not jump in & short the currency
[2016-01-11 18:50:09] joequant : Why should they care if hedge funds short the currency? They have capital controls onshore.
[2016-01-11 18:50:21] joequant : As far as offshore, who cares?
[2016-01-11 18:51:02] laisee : true, but there is around 1TN of money leaked out of China last year, that adds up in the end ...
[2016-01-11 18:52:14] joequant : I don't think that they do. Beijing is not very subtle. If they cared, it would show up in Xinhua and the People's Daily.
[2016-01-11 18:52:19] joequant : It hasn't.
[2016-01-11 18:53:02] j8 : maybe they're just raising cash by closing the arb, they would be able to do it the cheapest and in large quantity i'd imagine
[2016-01-11 18:53:39] joequant : There are people that are making money closing the arb. That's why I don't think it's the PBC doing
[2016-01-11 18:54:28] laisee : j8: > they certainly have the money to move any of the CNY/CNH markets
[2016-01-11 18:54:50] laisee : question is why do they bother?
[2016-01-11 18:55:25] laisee : IMO - looks like standard emerging markets behavior to control markets & capital once money starts to leak out in volume.
[2016-01-11 18:55:26] j8 : lower spread raises confidence in their fixing rate.
[2016-01-11 18:56:01] laisee : yes ... so it's about control over rates and capital.
[2016-01-11 18:56:34] joequant : Except that in China, it's SAFE that does market forex operations and not the PBC.
[2016-01-11 18:56:55] joequant : Having the PBC do operations through HK state banks just seems really weird.
[2016-01-11 18:57:25] laisee : exactly ... it's not normal behavior.
[2016-01-11 18:57:51] joequant : Which makes me think that the FT article got it wrong.
[2016-01-11 19:01:29] laisee : occams razor: simplest explanation is they don't want money leaving China. Why they are afraid is a matter of opinion.
[2016-01-11 19:05:48] messiaen8844 : Damn oil
[2016-01-11 20:28:49] djuan : hi guys. is the market maker any good? it seems way above my know how to setup up. is it worth it?
[2016-01-11 20:33:24] tscha : djuan: the one linked in the references? haven't tried it but I can guarantee you that you won't make a lot of money with it since it's publically availabe to everyone
[2016-01-11 20:34:02] tscha : if something is for free, you can't make money with it. internet rule #1
[2016-01-11 20:34:25] djuan : tscha: ok thanks.
[2016-01-11 20:35:20] tscha : BitMEX_Sam: Hey. May I ask how the long-term XBT fair basis is set exactly? I know it's done manually, but at what intervalls and based on which parameters?
[2016-01-11 21:11:03] HowDoge : is this mainstream enough yet: https://www.youtube.com/watch?v=ru-Z5kvd9js&t=22
[2016-01-11 21:12:42] rapidtrades : forecasts for today fellas?
[2016-01-11 21:15:29] HowDoge : up btc on family guy last night :p no really I have no idea, its been ranging last two days but my monies on a breakout up, looking at a potential 4hr macd cross too if we can just push to the upside
[2016-01-11 21:15:31] djuan : down to 438
[2016-01-11 21:16:03] rapidtrades : djuan: how it goin fella? how did ur short do
[2016-01-11 21:16:20] djuan : rapidtrades: ha ha
[2016-01-11 21:16:32] djuan : still shorting
[2016-01-11 21:17:41] djuan : tried to long oil today. who knew there was still room downstairs
[2016-01-11 21:18:12] rapidtrades : yeah don't long oil
[2016-01-11 21:18:27] rapidtrades : its the new widow-maker
[2016-01-11 21:18:30] djuan : diesel is 99p a litre at the pump. i thought thats got to be it.
[2016-01-11 22:42:16] rapidtrades : premium too small to sell, too big to buy
[2016-01-11 22:53:10] justinlooking : u fancy upu or down rapid?
[2016-01-11 22:56:12] rapidtrades : hedged atm
[2016-01-11 22:58:45] justinlooking : ur no fun anymore :P
[2016-01-11 23:03:03] tscha : professional risk managers are always perfectly hedged.. well played rapidtrades
[2016-01-11 23:06:35] rapidtrades : looking at HK stocks and only gambling is up
[2016-01-12 00:09:02] REKT : Liquidated long on `XBT24H`: Sell 15275 @ 447.79 **MEGA-REKT** :boom:
[2016-01-12 00:09:02] REKT : Liquidated long on `XBT24H`: Sell 60 @ 447.98
[2016-01-12 00:09:56] rapidtrades : nice
[2016-01-12 00:11:42] REKT : Liquidated long on `XBT24H`: Sell 29 @ 446.86
[2016-01-12 00:11:42] REKT : Liquidated long on `XBT24H`: Sell 494 @ 446.91
[2016-01-12 00:11:42] REKT : Liquidated long on `XBT24H`: Sell 99 @ 446.68
[2016-01-12 00:11:42] REKT : Next stop - goblin town!
[2016-01-12 01:07:54] rapidtrades : heads up b1tches, PBOC fixing in 8 mins
[2016-01-12 01:19:19] rapidtrades : little changed
[2016-01-12 02:22:43] j8 : CNH at par
[2016-01-12 02:30:31] gaoMex : PBOC intervening?