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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[2016-01-11 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?
[2016-01-12 02:33:39] j8 : whales gonna whale
[2016-01-12 02:45:05] REKT : Liquidated short on `XBT24H`: Buy 11861 @ 450.14
[2016-01-12 02:45:05] REKT : Liquidated short on `XBT24H`: Buy 50 @ 450.24
[2016-01-12 02:46:05] REKT : Liquidated short on `XBT24H`: Buy 19016 @ 452.30 **MEGA-REKT** :boom:
[2016-01-12 02:57:51] kingscrown : if you want to get more users here help to spread this guide https://twitter.com/kingscrownBTC/status/686362523621306368 :)
[2016-01-12 03:07:09] cekseh : Or instead of spamming your ref links, people could spam their own.
[2016-01-12 03:49:26] kingscrown : cekseh: if u write such guide, then sure
[2016-01-12 03:49:48] kingscrown : i surely brang here more users than you, so dont hate. i give u liquidity
[2016-01-12 03:53:45] habibi : dont call this a guide man
[2016-01-12 03:56:32] cekseh : Nobody hating kiddo, just stating the obvious. Also making claims about things you don't know kinda labels yourself a fool
[2016-01-12 03:59:09] habibi : like this urs video... https://www.youtube.com/watch?v=wjSIsGfpfXw total bullshit and u says stuff like thatis a valuable lesson?
[2016-01-12 04:02:17] cekseh : I like the GAW shill video myself
[2016-01-12 04:02:36] cekseh : You could tell homero garza was a winner long before SEC
[2016-01-12 04:05:26] cekseh : all 3 gaw videos
[2016-01-12 04:05:29] cekseh : Including "Josh The HashKing"
[2016-01-12 04:05:56] cekseh : Dat paycoin gonna make everyone rich
[2016-01-12 04:08:33] kingscrown : give me your real names then we can speak ;)
[2016-01-12 04:08:54] kingscrown : for now its me with 80 affs vs your unknown names with possbiel less than 10
[2016-01-12 05:20:29] ethexio : dem bots
[2016-01-12 06:36:31] rapidtrades : okc now below btc-e, crzy stuff
[2016-01-12 06:36:53] rapidtrades : trade long enough and you'll see everything
[2016-01-12 06:39:03] rapidtrades : china below finex
[2016-01-12 06:40:48] rapidtrades : wonder when Americans will realize that China isn't pulling the horse anymore
[2016-01-12 06:42:27] habibi : yep not first time if u noticed
[2016-01-12 06:44:06] rapidtrades : right but last time we were trading near $400 not here near highs
[2016-01-12 06:50:42] laisee : cart < horse?
[2016-01-12 07:28:23] AudibleScience : thanks
[2016-01-12 07:29:17] ethexio : Any staff around to cancel withdraw request? Sent email to support.
[2016-01-12 07:30:10] ethexio : Ohh gunshots
[2016-01-12 07:31:47] BitMEX_Arthur : ethexio: Will take a look
[2016-01-12 07:37:56] ethexio : Thanks @BitMEX_Arthur
[2016-01-12 07:38:22] ethexio : BitMEX_Arthur: if a hassle no worries
[2016-01-12 09:20:53] REKT : Liquidated long on `XBTH16`: Sell 5 @ 522.81
[2016-01-12 09:39:20] BitMEX_Arthur : More details about tomorrow's webinar
[2016-01-12 09:39:22] BitMEX_Arthur : https://blog.bitmex.com/bitmex-arbitrage-lesson-2-webinar/
[2016-01-12 09:43:45] gaoMex : BitMEX_Arthur: Thank you. I will be interested in the cash and carry arbitrage.
[2016-01-12 09:46:06] gaoMex : The only thing is XBU7D ATM is not attractive for cash and carry arbitrage.
[2016-01-12 09:46:18] BitMEX_Arthur : That is true
[2016-01-12 09:46:37] BitMEX_Arthur : Volatility arbitrage using `XBT24H` is much more interesting
[2016-01-12 11:50:53] habibi : close ur longs people if u dont wanna pay fees
[2016-01-12 11:50:57] habibi : settlement ones:)
[2016-01-12 11:52:37] justinlooking : u mean sell into 446.25? it would be more expensive than letting settle at 445.98
[2016-01-12 11:53:00] justinlooking : oh wait...
[2016-01-12 11:53:02] j8 : not if you're closing long
[2016-01-12 11:55:45] laisee : tight close
[2016-01-12 11:55:53] j8 : taking anything more than 11 cents over indicated is saving you money
[2016-01-12 11:57:23] laisee : 1 cent diff ... are people listening?
[2016-01-12 11:57:28] habibi : 0.075%*426.25=0.33
[2016-01-12 11:57:58] habibi : so yea 0.11 is right
[2016-01-12 11:59:20] habibi : close ur longs if u want to be clever
[2016-01-12 12:44:56] j8 : open interest 8116, where is everybody?
[2016-01-12 13:26:59] habibi : 2 wash trades and we have already 60k
[2016-01-12 13:30:53] j8 : wash trades, why do you say that?
[2016-01-12 13:36:57] habibi : i mean not wash, but it looks like :p
[2016-01-12 13:37:12] irbbqu : Looks like full retard to me
[2016-01-12 13:37:16] habibi : yep
[2016-01-12 13:37:27] habibi : specially as china is pumping :D
[2016-01-12 13:37:47] irbbqu : ^^
[2016-01-12 13:38:26] habibi : but got filled at 455
[2016-01-12 13:38:31] habibi : so lets see if that was a good hit :)
[2016-01-12 13:42:18] habibi : this is total retarted what is happening here since 2-3 days
[2016-01-12 13:42:38] tscha : lol @ 24h
[2016-01-12 13:42:40] habibi : yep
[2016-01-12 13:42:45] habibi : i got filled at 442.5
[2016-01-12 13:45:13] habibi : BitMEX_Arthur: u see that?
[2016-01-12 13:45:20] MrJ1m : WTF?
[2016-01-12 13:49:12] sleger : you all should be thankful instead of hateful
[2016-01-12 13:49:34] arbitrage001 : yea
[2016-01-12 13:49:46] arbitrage001 : wish someone filled my 100
[2016-01-12 13:50:19] sleger : thats not even half a bitcoin, even if you make 2$ on the price you are not even making 1$ of pnl ...
[2016-01-12 13:50:34] habibi : sleger: what u think about that dumping?
[2016-01-12 13:50:45] sleger : nothing, I bought some
[2016-01-12 13:50:56] sleger : @ 444
[2016-01-12 13:51:00] habibi : bot got crazy or fat finger?
[2016-01-12 13:51:08] habibi : 442.5 and 450
[2016-01-12 13:51:33] tscha : fatfingering 2 minutes straight?
[2016-01-12 13:51:46] sleger : wait for it...
[2016-01-12 13:51:56] sleger : boom
[2016-01-12 13:52:13] habibi : lets make him panic then
[2016-01-12 13:52:39] sleger : i bought 17k since we're still below mark
[2016-01-12 13:52:55] habibi : 15k here
[2016-01-12 13:53:07] habibi : so still rest people here bought another 170
[2016-01-12 13:53:15] arbitrage001 : 1 dollar difference on 1k contract is how much profit?
[2016-01-12 13:53:21] j8 : bought lots here but i had to sell my 7D
[2016-01-12 13:53:44] habibi : 4.46 dollar netto, all depends if u taker both/maker
[2016-01-12 13:54:43] tscha : wow, haven't realized we have 212k open interest 2 hours in
[2016-01-12 13:55:09] j8 : yeah that happened fast.
[2016-01-12 13:55:09] habibi : yep, i would suggest that someone is opening counter positions on 2 account but its useless and stupid
[2016-01-12 13:55:38] j8 : not the kind of thing you do when `.BVOL24H` is at 1.08, lol
[2016-01-12 13:56:25] sleger : and why would you think that ?
[2016-01-12 13:57:11] habibi : sleger: just coz of how fast new orders are showing after that dumping lets assume its just fast fingers
[2016-01-12 13:57:56] sleger : people jump because there is a discount
[2016-01-12 13:57:58] tscha : opening counter positions on another account sounds plausible. maybe rapidtrades hedging himself.
[2016-01-12 13:58:05] sleger : lol
[2016-01-12 13:58:31] habibi : yea maybe, but still its not him. 1-100 contracts is not even close to 100k+
[2016-01-12 13:58:41] tscha : that was /s btw
[2016-01-12 13:58:52] zanza : rofl
[2016-01-12 13:58:54] habibi : /s/s
[2016-01-12 13:59:00] zanza : `/s`
[2016-01-12 13:59:30] habibi : so anyone panicked and opened short at bottom after that fat finger dumped like a tard?
[2016-01-12 13:59:53] sleger : no everyone rushed to buy below mark price
[2016-01-12 14:01:05] zanza : u was sleeping missed it all
[2016-01-12 14:01:08] zanza : i
[2016-01-12 14:01:58] sleger : again
[2016-01-12 14:03:00] habibi : fill my bid at 439 if u are that good mr fat dumper
[2016-01-12 14:03:48] MrJ1m : and i was thinking i bought cheap lol
[2016-01-12 14:04:26] tscha : the thing is that 200k open interest are about 800k coins, but it only takes 200k to move the price to 444.60 on finex
[2016-01-12 14:04:42] tscha : now a bit more
[2016-01-12 14:04:45] habibi : 800k coins?
[2016-01-12 14:04:50] tscha : 800*
[2016-01-12 14:04:59] tscha : forget the k
[2016-01-12 14:05:17] HowDoge : someone openign a nice hedge
[2016-01-12 14:08:43] habibi : short on quanto as a hedge?
[2016-01-12 14:09:16] sleger : and at a discount
[2016-01-12 14:09:28] habibi : and at dailys?
[2016-01-12 14:17:43] SnackyCoins : lol nobody reacting this time
[2016-01-12 14:18:04] habibi : strong hands
[2016-01-12 14:18:14] habibi : and that guy probally dont want to put more
[2016-01-12 14:19:59] zanza : @SnackyCoins oil may be going to 10's
[2016-01-12 14:20:44] SnackyCoins : 171 turnover on xbu, which 20x to adjust for the difference in leverage is 3420, about 1/3 of 24h, the most popular contract. not too shabby?
[2016-01-12 14:20:50] SnackyCoins : zanza: lol no
[2016-01-12 14:21:54] SnackyCoins : we wont go to 20
[2016-01-12 14:22:14] SnackyCoins : because that's CNBC/Reuters/Bloomberg's collective target
[2016-01-12 14:22:21] SnackyCoins : is $20
[2016-01-12 14:22:37] SnackyCoins : that makes the chances of that about 0%
[2016-01-12 14:22:45] laisee : even ISIL will be buying at 20
[2016-01-12 14:22:57] SnackyCoins : fuck we could have bottomed already
[2016-01-12 14:22:58] sleger : I'd start go long around 25
[2016-01-12 14:23:10] sleger : I assume you talk about oil and not litecoin
[2016-01-12 14:23:11] SnackyCoins : someone blew themselves up in turkey today
[2016-01-12 14:23:34] SnackyCoins : market responded as the news broke, i was watching
[2016-01-12 14:23:38] SnackyCoins : we havent gone down since
[2016-01-12 14:24:31] SnackyCoins : could be a local top here on it tho, either way i am only buying down here
[2016-01-12 14:24:51] SnackyCoins : UWTI at $2.31
[2016-01-12 14:25:04] SnackyCoins : trade of the century
[2016-01-12 14:25:48] laisee : swap CNY for USD for Oil
[2016-01-12 14:40:58] rapidtrades : what's going on fellas
[2016-01-12 14:42:12] rapidtrades : hey how do I get trade alerts to show up while I'm not on bitmex tab
[2016-01-12 14:42:35] rapidtrades : I'm ''coding my bot''
[2016-01-12 14:43:35] REKT : Liquidated long on `XBT7D`: Sell 220 @ 446.54
[2016-01-12 14:43:48] habibi : rapidtrades: we noticed alpha version. works pretty good
[2016-01-12 14:46:41] rapidtrades : tnx
[2016-01-12 15:02:17] j8 : rapidtrades: the tab needs to be open to send the notification.. otherwise you would include some notification library in your bot and send custom notifications
[2016-01-12 15:20:41] BitMEX_Sam : OS-level notifications will still be received so long as the tab is open
[2016-01-12 15:33:45] tscha : BitMEX_Sam: Hey! Fair rate basis for long term XBTs is set manually. Could you tell us how this is done in practice? At what intervals, depending on which parameters etc.? thx
[2016-01-12 15:34:12] BitMEX_Sam : tscha: Let me reach out to Arthur for that, I don't do the adjustments.
[2016-01-12 15:51:23] habibi : seems like whale dumper started closing contracts?
[2016-01-12 15:53:12] sleger : no thats me buying
[2016-01-12 15:53:19] habibi : ah k
[2016-01-12 16:17:01] thehawthorne : https://www.reddit.com/r/Bitcoin/comments/40la7o/rbs_tells_investors_sell_everything_the_royal/
[2016-01-12 16:32:31] laisee : RBS ... that well-known globally important & successful investment bank ;-)
[2016-01-12 16:50:04] thehawthorne : http://www.bloomberg.com/news/articles/2016-01-11/bank-of-america-rail-traffic-is-saying-something-worrying-about-the-u-s-economy
[2016-01-12 16:55:20] habibi : sleger: its ur bit @450?
[2016-01-12 16:55:22] habibi : 445*
[2016-01-12 16:55:27] habibi : bid.
[2016-01-12 17:05:30] sleger : no
[2016-01-12 17:30:10] aethlios : discount daily contract, rare thing
[2016-01-12 17:32:44] zanza : damn oil $29 ?
[2016-01-12 17:37:51] Swedishnut : yeah looks like it
[2016-01-12 17:58:59] justinlooking : ping ?
[2016-01-12 18:01:21] tscha : pong
[2016-01-12 18:10:07] messiaen8844 : ping - t
[2016-01-12 18:14:27] justinlooking : ping ?
[2016-01-12 18:14:47] justinlooking : um... nvm, shitty hotel wifi i htink#
[2016-01-12 18:15:16] sleger : why do you stay in shitty hotels ?
[2016-01-12 18:29:05] tscha : he said "shitty hotel wifi" not "shitty hotel"
[2016-01-12 18:29:27] justinlooking : ^^
[2016-01-12 18:29:33] justinlooking : i think it's not hte wifi
[2016-01-12 18:29:57] justinlooking : it's more likely the island's connectivity... got mtr running will keep an eye
[2016-01-12 18:44:02] sleger : tscha: maybe it would have been my time to add the obvious "/s" ?
[2016-01-12 18:45:23] tscha : sleger: not sure if you understand the term sarcasm
[2016-01-12 18:57:23] laisee : tscha: > I'm adding /JOKE to all funny lines directed at sister sledge.
[2016-01-12 19:37:00] sleger : laisee: ahah you're as funny as you're a good trader
[2016-01-12 20:42:13] tscha : justinlooking: how long are you staying?
[2016-01-12 20:54:34] messiaen8844 : Bug: recent trades don't update when you switch between contracts
[2016-01-12 20:56:05] sleger : messiaen8844: it happens once in a while only, if you refresh it will go away