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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[2016-01-14 17:00:39] blackbird307 : Hey guys how do I increase margin from 5x to something higher like 10-15x?\\
[2016-01-14 17:02:46] sleger : you buy 2-3x more
[2016-01-14 17:07:00] blackbird307 : I am currently limited to purchasing 5x spot amount\
[2016-01-14 17:07:25] blackbird307 : for eth
[2016-01-14 17:07:50] blackbird307 : sorry, what I meant to ask is, how do I increase my leverage
[2016-01-14 17:10:59] sleger : eth has a limit of 5x
[2016-01-14 17:11:12] sleger : as written on the tab right night to "Every Friday"
[2016-01-14 17:19:11] justinlooking : i think the chart switching bug is back again
[2016-01-14 17:22:50] BitMEX_Sam : Not seeing it here
[2016-01-14 17:30:35] justinlooking : is reproducible here. steps: on /app/trade/XBT7D , do full refresh, wait for recent trades chart to load. switch product to ETH using blue dropdown at top, ETH7D chart loads as expected, but 10 seconds later it fades and comes back with the XBT chart
[2016-01-14 17:36:18] tscha : can't reproduce that on my machine (win7 + chrome)
[2016-01-14 17:37:25] tscha : but I also have a very minimalistic chart, maybe that's why
[2016-01-14 17:54:36] justinlooking : ah am using ff, can't recreate in chrome either, something else fucky going on with recent trades not updating in ff... will switch to chrome for now
[2016-01-14 18:04:38] BitMEX_Sam : I'll try it with FF.
[2016-01-14 18:06:46] BitMEX_Sam : justinlooking: I can't replicate either bug, what version of FF?
[2016-01-14 18:21:28] justinlooking : ice weasel 38 on debian sid (probably not a common enough combo to worry about) sry for wasting ur time
[2016-01-14 18:24:46] BitMEX_Sam : I'll try it out.
[2016-01-14 18:30:15] BitMEX_Sam : justinlooking: Not seeing it in IceCat 38.5.2 either
[2016-01-14 19:02:34] tscha : justinlooking: how was your flight lesson?
[2016-01-14 19:16:37] tscha : https://www.youtube.com/watch?v=67mRrp_KjM0&feature=youtu.be
[2016-01-14 19:38:22] zanza : interesting tscha
[2016-01-14 19:39:01] zanza : paypal itself is a payment processor, also essentially an escrow system as well
[2016-01-14 19:39:14] zanza : escrow system is needed for "trustless" transactions
[2016-01-14 20:06:49] zanza : the problem is, since there is no refunds with Bitcoin, paypal would have to hold funds for 10-20 until customer verifies they are happy. So it would be a slow cashout system. Also normally paypal has 6 month buyer protection policy, they would not be able to offer that with Bitcoin (even with 3% fees)
[2016-01-14 20:11:14] tscha : who says they will offer refunds on bitcoin payments?
[2016-01-14 20:11:41] tscha : and who says they will act as an escrow system in the context of bitcoin?
[2016-01-14 20:14:02] sleger : who says they will accept bitcoin ?
[2016-01-14 20:14:11] tscha : exactly
[2016-01-14 20:14:53] sleger : its been at least 12 hours that june and march "fair" price is above the ask
[2016-01-14 20:15:54] zanza : tscha: well, there is no point in paypal accepting payment if they offer no refunds, because then people can skip paypal completely (no advantage to using it). People use paypal because it is easy to use, accessible.
[2016-01-14 20:18:04] zanza : http://www.zerohedge.com/news/2016-01-14/how-switzerland-hopes-prevent-refugee-sex-attacks-cartoon
[2016-01-14 20:19:02] tscha : "because then people can skip paypal completely (no advantage to using it" You sure about that? So why are people paying with BTC via BitPay?
[2016-01-14 20:20:28] zanza : oh the braintree thing ...
[2016-01-14 20:21:17] zanza : as far as I know its no different than Coinbase/Circle/Bitpay
[2016-01-14 20:21:36] tscha : sleger: I guess this is because fair price was like 10 bucks beneath highest bid after drop due to the fact that long-term futures expect corrections, so they adjusted the rate.
[2016-01-14 20:24:03] tscha : mark price was like 591 when highest bid was 601
[2016-01-14 20:25:51] sleger : i was just saying it should be adjusted more often
[2016-01-14 20:35:34] tscha : yeah, but this doesn't actually solve the general issue that the mark price is far off at fast movements for long-term futures. Maybe using some kind of EMA spot price instead of the plain spot price could smoothen that.
[2016-01-14 20:36:32] sleger : i would just use spot + EMA (fut-spot)
[2016-01-14 20:36:53] sleger : because thats the premium we want to smoothen to avoid market manipulation / margin call cascade
[2016-01-14 20:44:02] sleger : using EMA of spot price is just the worst possible idea.
[2016-01-14 20:46:12] tscha : Your approach could work, but EMA has to have very low weights since liquidity is so low and fut is a direct parameter in the mark price.
[2016-01-14 20:46:20] tscha : How is it "the worst possible idea"?
[2016-01-14 20:46:32] sleger : you're just introducing lag in the spot price
[2016-01-14 20:46:40] tscha : exactly
[2016-01-14 20:47:01] sleger : yes but that doesnt make any sense. Spot is spot, it is "correct:
[2016-01-14 20:47:03] sleger : "
[2016-01-14 20:48:08] tscha : Long-term futures are lagged, they don't respond to sudden market movements as fast as low-term futures.
[2016-01-14 20:48:37] sleger : thats just because they're too illiquid here, but your statement is not correct
[2016-01-14 20:48:40] sleger : look at okcoin quaterlies
[2016-01-14 20:49:09] sleger : if spot dumps 50 points tomorrow, they will drop 60 points at least, if spot jumps 50 they will jump over 60 points
[2016-01-14 20:50:40] tscha : It's not only because of illiquidity, it's also because of expected retracements. If spot falls $40 in a very short amount of time (~30min), june contracts usually don't fall by the same amount
[2016-01-14 20:50:56] tscha : We saw that beautifully when Finex dropped to $414 yesterday
[2016-01-14 20:50:59] sleger : but 0kcoin quaterlies do
[2016-01-14 20:51:36] tscha : Okcoin has quantos?
[2016-01-14 20:51:48] sleger : no, but they have liquid futures
[2016-01-14 20:52:02] sleger : liquid *long term* futures
[2016-01-14 20:52:54] sleger : the quanto effect doesnt explain mean-reverting effects on the price of that order of magnitude, now you're just throwing things out to try to find a justification
[2016-01-14 20:56:52] tscha : "now you're just throwing things out to try to find a justification" Yeah, great conversation approach, just throw in weird allegations
[2016-01-14 20:57:49] sleger : just use EMA(spot) instead of spot, I think it's an awesome idea
[2016-01-14 20:58:11] tscha : The fact that you refer to inverse futures when we are talking about quanto pricing the whole time, and then attack me, says everything I guess. No need to continue this conversation lol.
[2016-01-14 21:15:00] zanza : Kappa
[2016-01-14 22:05:30] tscha : https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.5347jwwwv
[2016-01-14 22:05:38] REKT : Liquidated long on `XBT24H`: Sell 3 @ 429.72 :punch: :whale:
[2016-01-14 22:05:38] REKT : Liquidated long on `XBT24H`: Sell 2 @ 429.72 :punch: :whale:
[2016-01-14 22:05:58] REKT : Liquidated long on `XBT24H`: Sell 100 @ 429.35
[2016-01-14 22:13:08] REKT : Liquidated long on `XBT24H`: Sell 800 @ 428.74
[2016-01-14 22:16:38] REKT : Liquidated long on `XBT24H`: Sell 5600 @ 426.92
[2016-01-14 22:16:38] REKT : Liquidated long on `XBT24H`: Sell 200 @ 427.49
[2016-01-14 22:34:07] lockhedge : tscha: Mike Hearn now believes that Bitcoin is a "payments network ... which is controlled by China", interesting maybe he doesn't understand Bitcoin, maybe i don't
[2016-01-14 22:37:11] tscha : hm.. if I had to bet money, I'd bet on the latter :D
[2016-01-14 22:40:24] rapidtrades : lockhedge: I agree with that...China co-opted bitcoin
[2016-01-14 22:42:13] rapidtrades : I was reading above and using EMA sounds a like good idea
[2016-01-14 22:42:28] rapidtrades : or a SMA even better
[2016-01-14 22:42:47] rapidtrades : cos EMA gives more weight to recent movements and would be easier to manipulate
[2016-01-14 22:44:10] rapidtrades : but yeah a SMA of the past X periods BUT APPLIED TO THE 3M/6M + % interest rate would be much more responsive and transparent
[2016-01-14 22:44:28] lockhedge : no matter where the miners are located (and when they are willing to raise the block size limit) wouldn't they have a strong incentive to not kill Bitcoin?
[2016-01-14 22:45:01] rapidtrades : wait a min...if u use SMA then u don't add the interest rate...scratch that part
[2016-01-14 22:45:37] rapidtrades : u can't use moving average of spot cos like sleger said, the longer dated tend to more volatile
[2016-01-14 22:46:06] lockhedge : Hearn writes: "This gives them a perverse financial incentive to actually try and stop Bitcoin becoming popular." makes no sense for me
[2016-01-14 22:46:28] rapidtrades : lockhedge: is he implying that the commies are in charge?
[2016-01-14 22:47:19] rapidtrades : I wouldn't put it past Chinese miners to collude but I doubt that the gov is in on it...maybe some individuals but not officially
[2016-01-14 22:52:02] lockhedge : rapidtrades: agree, more probably some individuals who want to make money (and will raise the block size limit with an other fork later) than a Kamikaze conspiracy plot of "the chinese"
[2016-01-14 23:00:24] tscha : lockhedge: I think he phrased that in an extreme way to make his point clear. The point is that Chinese miners are much more cautious when it comes to blocksize increase because bigger blocks could lead to network issues with the GFW.
[2016-01-14 23:00:49] tscha : he never said they want to kill bitcoin, that indeed would make no sense
[2016-01-14 23:14:55] lockhedge : Hearn said that the Bitcoin experiment already "failed" because "it is controlled by China" and now works for R3 to build a blockchain for U.S. banks
[2016-01-14 23:15:54] lockhedge : i guess that he is just pissed that his idea XT is dead, and he won't be able to build a (non-chinese) competing blockchain
[2016-01-14 23:20:29] HowDoge : lockhedge: sounds about right
[2016-01-14 23:23:52] lockhedge : the scalability issue will be solved anyway, because there is a strong incentive to solve it. XT was never the only possible fork/solution.
[2016-01-14 23:29:21] tscha : Anyhow, sad to see him gone.
[2016-01-14 23:30:30] HowDoge : he is just shilling for the fiat world now so good riddance I say
[2016-01-14 23:30:40] micmix : I agree with most in the Mark's post. Letting blocks fill out now when there is no sidechains/LN is a terrible idea
[2016-01-14 23:31:20] tscha : "I agree with most in the Mark's post" me too
[2016-01-14 23:31:32] micmix : killing zero-conf forever with RBF is another terrible idea for any real-world usage of bitcoin
[2016-01-14 23:33:01] micmix : even all Chinese miners agreed that they can handle 2MB without issues
[2016-01-14 23:34:21] micmix : raising limit to 2mb in one-time fork will give enough time to develop alternative and show everyone that hard forks are not so scary if there is an agreement
[2016-01-14 23:39:37] lockhedge : micmix: agree with your 2mb plan but not with Mike's main message that Bitcoin has failed. it was important that he initiated the scalability debate, but XT was never the only possible way.
[2016-01-14 23:40:36] lockhedge : so who tells the chinese that we agreed on 2mb now?
[2016-01-14 23:42:02] zanza : Thermos
[2016-01-14 23:46:28] lockhedge : the only strong argument for XT where the guys opposing XT for ideological reasons
[2016-01-14 23:47:30] lockhedge : ... the only argument for XT *was*
[2016-01-14 23:49:16] tscha : Mike never said that XT is the only possible way. In the article he even said he doesn't care if XT, BU or Classic and that he is happy about the forks.
[2016-01-14 23:50:11] tscha : He only states that Core is not the way to go. And with that I fully agree.
[2016-01-15 00:05:48] zanza : what he is saying may have merit, but the way he went about it seems very childish
[2016-01-15 00:14:07] lockhedge : he was and is right in so many ways but i can't agree with him that Bitcoin "has failed" now, he doesn't see the big picture anymore after this fight over XT
[2016-01-15 00:14:54] HowDoge : watch the mainstream media embrace him and his childish stories whenever they want to name and shame
[2016-01-15 00:15:14] HowDoge : bitcoin that is
[2016-01-15 00:25:56] tscha : I don't have the feeling he thinks BItcoin has failed. To me he is intentionally exaggerating to give the discussion the seriousness it deserves. The past has clearly shown that slight suggestions are ignored by miners who just think the issues will resolve itself. Especially timed with the announcment of Bitcoin Classic, this might wake people up.
[2016-01-15 00:28:25] gouda : dump it
[2016-01-15 00:35:24] habibi : noone wants to buy today
[2016-01-15 00:35:24] habibi : :P
[2016-01-15 00:35:30] gaoMex : I'm ok with him leaving Bitcoin.
[2016-01-15 00:35:42] jung1 : https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.dgafp7r8l
[2016-01-15 00:35:46] gaoMex : Not ok with him joining R3
[2016-01-15 00:35:47] jung1 : down we go?
[2016-01-15 00:36:01] REKT : Liquidated long on `XBT24H`: Sell 524 @ 426.74
[2016-01-15 00:37:17] gaoMex : If he wants to change something, do it and continue doing it. If he is tired, ok to quit too.
[2016-01-15 00:37:51] REKT : Liquidated long on `XBT24H`: Sell 186 @ 426.36
[2016-01-15 00:38:06] gaoMex : By joining Bitcoin's competitor, he is showing a wrong message and invalidate everything he had done previously.
[2016-01-15 00:41:53] ethexio : wut
[2016-01-15 00:47:04] HowDoge : gaoMex: exactly right, he's revealed his true colours
[2016-01-15 00:50:20] jung1 : yeah but you can feel negative feelings around about btc
[2016-01-15 00:51:09] jung1 : even on last blockchain london conference was quite lot sceptic people
[2016-01-15 00:54:33] jung1 : if we will not go mainstream in next 2 years
[2016-01-15 00:54:42] jung1 : something better will appear
[2016-01-15 01:02:58] jung1 : and he made some good points
[2016-01-15 01:14:36] tscha : "he's revealed his true colours" rofl... he has done more for bitcoin than 99.9% in the community
[2016-01-15 01:15:05] jung1 : true
[2016-01-15 01:15:08] tscha : but well, don't think a discussion in here will lead to something, so good night and happy trading
[2016-01-15 01:15:08] HowDoge : and then diitched them in spectacular fashion
[2016-01-15 01:16:44] jung1 : maybe he lost his private keys and he is pissed off now
[2016-01-15 01:18:21] j8 : finally `XBTH16` gets a dump
[2016-01-15 01:26:48] sleger : wow nice
[2016-01-15 01:33:27] micmix : BitMEX will need to switch quarterly to impact mid price marking
[2016-01-15 01:33:48] micmix : enough liquidity now
[2016-01-15 01:34:06] j8 : hopefully, it seems one MM has switched on anyway
[2016-01-15 01:34:17] micmix : mine is running too
[2016-01-15 01:34:30] micmix : on quarterly
[2016-01-15 01:35:08] sleger : yes but your show less than 100 lots
[2016-01-15 01:35:22] micmix : nope, much bigger on quarterly
[2016-01-15 01:35:35] sleger : and the "big" one shows only 500 instead of 6k
[2016-01-15 01:35:47] sleger : I dont think they should switch to mid market pricing
[2016-01-15 01:36:11] j8 : the impact amount would be smaller for those under the current system too because of the leverage.
[2016-01-15 01:36:16] sleger : I can submit a 14k order and bring the price to 350....
[2016-01-15 01:36:33] sleger : j8: exactly my point
[2016-01-15 01:37:31] j8 : they should definitely be conservative in switching over. great to see some tighter quoting though
[2016-01-15 01:38:53] REKT : Liquidated long on `XBTH16`: Sell 500 @ 502.77
[2016-01-15 01:39:13] REKT : Liquidated long on `XBT24H`: Sell 1385 @ 424.73
[2016-01-15 01:39:33] REKT : Liquidated long on `XBT7D`: Sell 10 @ 424.82
[2016-01-15 01:40:03] micmix : my bot posts several quotes, about 2k total on each side
[2016-01-15 01:40:46] micmix : but yeah, 14k orders will go thorugh half the book
[2016-01-15 01:40:54] sleger : yes but how far are the further orders on each side ?
[2016-01-15 01:41:25] micmix : 500 and 3k not mine, almost all others mine
[2016-01-15 01:42:19] sleger : Most of 1k, 900 are mine
[2016-01-15 01:42:52] micmix : I see one 1k?
[2016-01-15 01:43:15] micmix : doesn't really matter
[2016-01-15 01:43:59] sleger : h16?
[2016-01-15 01:44:11] micmix : yes
[2016-01-15 01:44:26] micmix : 1k way down below
[2016-01-15 01:45:08] micmix : anyway, my suggestion was impact mid price with smoothing
[2016-01-15 01:45:33] micmix : to avoid sudden jumps in mark price
[2016-01-15 01:46:13] REKT : Liquidated long on `XBT7D`: Sell 4000 @ 424.03
[2016-01-15 01:46:23] REKT : Liquidated long on `XBTH16`: Sell 4341 @ 501.57
[2016-01-15 01:46:23] REKT : Abandon the ship!
[2016-01-15 01:47:23] REKT : Liquidated long on `XBT24H`: Sell 2000 @ 422.92
[2016-01-15 01:47:25] sleger : micmix: that's exactly what I said : fair price = spot + EMA(fut-spot)
[2016-01-15 01:47:33] REKT : Liquidated long on `XBT7D`: Sell 3500 @ 421.57
[2016-01-15 01:47:33] REKT : Liquidated long on `XBT7D`: Sell 111 @ 421.48
[2016-01-15 01:47:36] jung1 : more people already read mikes article
[2016-01-15 01:47:57] sleger : but @tscha didnt seem to understand
[2016-01-15 01:49:03] jung1 : this weekend could be nice sellout
[2016-01-15 01:49:26] jung1 : good time to go long on XBTM16
[2016-01-15 01:50:07] habibi : jung1: pretty risky. can be begining of comfirmed bear trap, if we dump past 400 we done
[2016-01-15 01:52:16] habibi : shiet, wanted say bear cycle* :p not trap
[2016-01-15 01:52:27] zanza : Mike Hearn price tank commence
[2016-01-15 01:53:54] jung1 : what if he goes short and published it?
[2016-01-15 01:55:35] habibi : probally yes why nto
[2016-01-15 01:55:41] habibi : not*
[2016-01-15 01:56:12] zanza : lol
[2016-01-15 01:56:19] zanza : no SEC rules here
[2016-01-15 01:56:33] jung1 : I would do this
[2016-01-15 01:56:37] zanza : :)
[2016-01-15 01:57:19] jung1 : tommorow he will publish on tweeter "sorry I was drunk, bitcoin is awesome. live long bitcoin"
[2016-01-15 01:57:23] sleger : If one person who has zero control over it can influence the price of bitcoin so much, then bitcoin has failed indeed...
[2016-01-15 01:57:23] ethexio : (yet)
[2016-01-15 01:57:47] habibi : sleger: dont be pita coz of bad positions
[2016-01-15 01:57:52] cekseh : sleger, nope.
[2016-01-15 01:58:04] cekseh : Also your statement is illogical
[2016-01-15 01:58:16] sleger : habibi: red fish memory ?
[2016-01-15 01:58:58] sleger : cekseh: no because by failed I do not mean not influencing the price
[2016-01-15 01:59:30] habibi : sleger: single bigger move of coins at blockchain can influence the price much, why u shocked by that?
[2016-01-15 02:00:19] cekseh : You have no idea what hearn has contributed to the bitcoin code you are using, assuming you own your own keys and don't use a bitcoin bank
[2016-01-15 02:00:35] cekseh : In addition to that, he does have influence, by your own admission
[2016-01-15 02:01:15] cekseh : It's probably hard to think while losing money though, just have a drink and come back in a few minutes =)
[2016-01-15 02:01:36] sleger : cekseh: XBTH16 -69367
[2016-01-15 02:01:53] sleger : XBT7D -4700
[2016-01-15 02:01:56] sleger : XBTM16 -21411
[2016-01-15 02:02:14] sleger : and, admittedly : XBT24H 1100
[2016-01-15 02:02:26] sleger : so yes I'm loosing money on xbt24h
[2016-01-15 02:02:43] REKT : Liquidated short on `XBT24H`: Buy 24 @ 421.30
[2016-01-15 02:03:03] cekseh : You sure that last rekt notice wasn't you?
[2016-01-15 02:03:03] REKT : Liquidated short on `XBT24H`: Buy 4000 @ 422.20
[2016-01-15 02:03:23] sleger : cekseh: dont be a sore loser
[2016-01-15 02:03:49] cekseh : lol
[2016-01-15 02:03:55] cekseh : Whatever you say kiddo, so sore =)
[2016-01-15 02:04:08] sleger : show us your positions then
[2016-01-15 02:04:26] sleger : and then , we can have an admin confirm mine and yours, if you are okay with that of course...
[2016-01-15 02:04:28] cekseh : I don't do that, maybe some day my policy will change
[2016-01-15 02:04:52] sleger : oh yeah, so convenient
[2016-01-15 02:04:52] cekseh : Nice job diverting away from your lack of knowledge of hearn though
[2016-01-15 02:05:14] cekseh : Carry on being incorrect =)
[2016-01-15 02:05:37] sleger : I maintain : " If one person who has zero control over it can influence the price of bitcoin so much, then bitcoin has failed indeed..."
[2016-01-15 02:05:39] gouda : this convo is rofl
[2016-01-15 02:06:10] gouda : do you know what a fucking whale is?
[2016-01-15 02:06:23] sleger : its me !
[2016-01-15 02:06:30] gouda : * f u c k ( i n g
[2016-01-15 02:06:51] cekseh : The fellow that flashed 7k wall on ok spot?
[2016-01-15 02:07:05] gouda : thats nothing :D
[2016-01-15 02:07:13] sleger : nah, thats already not bad
[2016-01-15 02:07:37] sleger : We're still waiting for @cekseh to show anything worthy of his talk though
[2016-01-15 02:07:57] habibi : sleger: u think ur coins makes ur talks more valuable?
[2016-01-15 02:08:11] cekseh : Your childish penis measuring desires are hilarious
[2016-01-15 02:08:16] cekseh : Did you start trading this month?
[2016-01-15 02:08:44] sleger : no
[2016-01-15 02:08:58] sleger : is your penis tiny ?
[2016-01-15 02:09:53] rapidtrades : smth is f-up with finex orderbook today
[2016-01-15 02:10:33] rapidtrades : orders keep disappearing and re-appearing
[2016-01-15 02:10:37] habibi : hey rapidtrades, lets talk ! we were lowering lvl of this trollbox without u
[2016-01-15 02:11:08] rapidtrades : yeah I'm pretty classy
[2016-01-15 02:13:47] j8 : whatever happened to the old rapid
[2016-01-15 02:15:15] j8 : ** flips you off
[2016-01-15 02:16:43] rapidtrades : well mark prices for march dropped $25...so guess we're back to normal now
[2016-01-15 02:17:08] rapidtrades : it was too high earlier
[2016-01-15 02:17:09] habibi : hope reverse indicator ll work this time
[2016-01-15 02:17:41] j8 : yeah, was set at 105% for a while
[2016-01-15 02:23:04] jung1 : I have a feeling that we can fall even to 350
[2016-01-15 02:23:36] habibi : jung1: so why u wanted to buy june contracts at weekend :p?
[2016-01-15 02:23:53] jung1 : or sell
[2016-01-15 02:24:16] jung1 : well Im quite shure that we will hit new ath around june
[2016-01-15 02:24:20] habibi : if 400 won't hold we going down, even under 350
[2016-01-15 02:24:29] jung1 : couse of halving
[2016-01-15 02:24:37] jung1 : so Im looking for new bottom
[2016-01-15 02:34:28] rapidtrades : finally closed one of my arbs earlier...long wait
[2016-01-15 02:35:20] jung1 : Because the block chain is controlled by Chinese miners, just two of whom control more than 50% of the hash power. At a recent conference over 95% of hashing power was controlled by a handful of guys sitting on a single stage. The miners are not allowing the block chain to grow.
[2016-01-15 02:35:27] jung1 : if its true
[2016-01-15 02:35:33] jung1 : we're fucked
[2016-01-15 02:37:02] jung1 : maybe he will support litecoin now
[2016-01-15 02:37:34] rapidtrades : who
[2016-01-15 02:38:58] jung1 : mike hearn
[2016-01-15 02:41:13] rapidtrades : ah
[2016-01-15 02:43:00] rapidtrades : are ppl not buying new phones anymore?
[2016-01-15 02:43:06] rapidtrades : samsung/apple down
[2016-01-15 02:43:17] jung1 : xiaomi ftw
[2016-01-15 02:43:44] jung1 : everything is down
[2016-01-15 02:43:53] jung1 : '16 will be red
[2016-01-15 02:44:07] rapidtrades : no both are down all year, 2015
[2016-01-15 02:45:03] jung1 : maybe its another tech bubble
[2016-01-15 03:05:38] zanza : xiaomi, huiwai, asus
[2016-01-15 03:05:54] zanza : the big name brands just overcharge like hell
[2016-01-15 03:06:13] zanza : iphone is like $300 material cost, and $800 selling cost
[2016-01-15 03:11:19] SnackyCoins : you have it backwards
[2016-01-15 03:12:05] SnackyCoins : iphone is one of the cheaper phones- all smartphones have incredibly high priced hardware majorly subsidized by both the carrier and the OS brand (goog/appl)
[2016-01-15 03:12:26] SnackyCoins : a samsung S5 without a carrier is like $600
[2016-01-15 03:12:28] gouda : they make the iphone for way less then $100 your crazy if you think 300 a phone
[2016-01-15 03:12:39] gouda : they buy millions of parts at a time
[2016-01-15 03:12:43] gouda : phones are built for pennies
[2016-01-15 03:12:54] SnackyCoins : no, they're really expensive
[2016-01-15 03:12:57] gouda : sold to us on huge markup
[2016-01-15 03:12:58] SnackyCoins : they take a loss selling you one
[2016-01-15 03:13:02] SnackyCoins : same as xbox
[2016-01-15 03:13:05] SnackyCoins : or playstation
[2016-01-15 03:13:08] SnackyCoins : all sold at a loss
[2016-01-15 03:13:10] gouda : not on the iphone
[2016-01-15 03:13:16] sleger : "The bill of materials for the 16-GB iPhone 5s comes to about $191. The device costs about $8 to manufacture, bringing the total to $199. The 64-GB model costs Apple only $19 more to make, for a total of $218. The full retail price of the 16-GB 5s is $649, while the 64-GB 5s goes for $849"
[2016-01-15 03:13:16] SnackyCoins : because they know you are captive to the store
[2016-01-15 03:13:18] SnackyCoins : and will buy apps
[2016-01-15 03:13:43] sleger : SnackyCoins: you're wrong
[2016-01-15 03:13:43] gouda : wrong snackycoins :D
[2016-01-15 03:13:48] SnackyCoins : lol rekt
[2016-01-15 03:13:51] gouda : chines fingers tgo build phones are cheap
[2016-01-15 03:13:53] sleger : they make money on the phone, a lot
[2016-01-15 03:14:09] SnackyCoins : guess i'm shilling old data
[2016-01-15 03:15:14] SnackyCoins : last i looked at an iphone price it was under $200 no contract ;) in an ATT store
[2016-01-15 03:15:58] sleger : no that was always WITH a 2y contract
[2016-01-15 03:16:38] sleger : in which case ATT or whoever subsidizes because then they can screw you over for 2y
[2016-01-15 03:16:42] SnackyCoins : coulda swore contract price was even cheaper, but it was ages ago. I'm probably just wrong completely ;)
[2016-01-15 03:21:15] REKT : Liquidated long on `XLT7D`: Sell 16 @ 3.40
[2016-01-15 03:30:05] REKT : Liquidated long on `XBT24H`: Sell 3300 @ 417.43
[2016-01-15 03:35:56] REKT : Liquidated long on `XBTH16`: Sell 10 @ 487.47
[2016-01-15 03:36:06] REKT : Liquidated long on `XBT24H`: Sell 10 @ 413.77
[2016-01-15 03:37:56] REKT : Liquidated long on `XBTH16`: Sell 2500 @ 486.05
[2016-01-15 03:42:53] ethexio : **whee**
[2016-01-15 03:52:12] habibi : almost 4$ spread nice
[2016-01-15 03:55:46] REKT : Liquidated long on `XBT24H`: Sell 266 @ 414.12
[2016-01-15 04:06:56] REKT : Liquidated long on `XBT24H`: Sell 25 @ 412.95
[2016-01-15 04:24:17] REKT : Liquidated short on `XBT24H`: Buy 900 @ 415.42
[2016-01-15 04:24:17] REKT : Liquidated short on `XBT24H`: Buy 20 @ 415.38
[2016-01-15 05:32:38] REKT : Liquidated long on `XBT24H`: Sell 1 @ 414.71 :punch: :whale:
[2016-01-15 05:32:38] REKT : Liquidated long on `XBT24H`: Sell 2000 @ 414.62
[2016-01-15 05:45:09] REKT : Liquidated short on `XBT24H`: Buy 200 @ 416.47
[2016-01-15 05:45:09] REKT : Have a bowl of chop-chop suey!
[2016-01-15 05:45:40] habibi : hah thats actually nice comment
[2016-01-15 07:49:11] REKT : Liquidated long on `XBT24H`: Sell 3350 @ 411.25
[2016-01-15 07:49:33] gouda : timber
[2016-01-15 07:50:11] REKT : Liquidated long on `XBT24H`: Sell 2000 @ 409.72
[2016-01-15 08:01:31] REKT : Liquidated long on `XBT24H`: Sell 2000 @ 408.97
[2016-01-15 08:04:54] rapidtrades : how's it going fellas?
[2016-01-15 08:05:00] rapidtrades : up or down :D
[2016-01-15 08:07:03] gouda : :D
[2016-01-15 08:07:05] gouda : LOL
[2016-01-15 08:08:03] djuan : rapidtrades: choppy then down mate
[2016-01-15 08:15:47] macios15 : rekt incoming
[2016-01-15 08:16:02] REKT : Liquidated long on `XBT7D`: Sell 2800 @ 407.50
[2016-01-15 08:16:12] REKT : Liquidated long on `XBT7D`: Sell 26000 @ 407.19 **MEGA-REKT** :boom:
[2016-01-15 08:16:22] REKT : Liquidated long on `XBT24H`: Sell 302 @ 406.77
[2016-01-15 08:17:43] rapidtrades : djuan: where's that chop f*cker?
[2016-01-15 08:18:22] REKT : Liquidated long on `XBT24H`: Sell 300 @ 406.31
[2016-01-15 08:19:02] micmix : Mike Hearn broke bitcoin :-)
[2016-01-15 08:19:19] rapidtrades : GUYS SHOULD i PANIK YET
[2016-01-15 08:19:31] thehawthorne : no
[2016-01-15 08:19:33] micmix : too late now
[2016-01-15 08:19:37] thehawthorne : take some profits
[2016-01-15 08:19:41] rapidtrades : SHOULD'VE LISTENED TO RBS AND SOLD EVERYTHING!!!!11111
[2016-01-15 08:20:07] thehawthorne : shorting = selling? or can you only sell if you already have smth
[2016-01-15 08:20:30] rapidtrades : are we all looking at $400?
[2016-01-15 08:21:16] BitMEX_Wally : thehawthorne: Shorting is selling and taking a negative position
[2016-01-15 08:21:19] djuan : oh dear. theres been a murder
[2016-01-15 08:21:57] habibi : micmix: once again thx for that buy orders at june :p
[2016-01-15 08:22:17] rapidtrades : that cuts deep yo
[2016-01-15 08:22:39] irbbqu : @habibi then be thankful and stfu lol
[2016-01-15 08:22:56] habibi : irbbqu: why u so offensive :(?
[2016-01-15 08:23:21] irbbqu : oh Im short, just see no reason to gloat over others misfortune.
[2016-01-15 08:23:24] irbbqu : Don't worry.
[2016-01-15 08:23:39] habibi : if they wouldnt missfortune u wouldnt make a single penny
[2016-01-15 08:23:58] irbbqu : Orly, hence me saying be thankful and stfu
[2016-01-15 08:24:34] habibi : thank u for ur cooperation and stfu as well <3
[2016-01-15 08:24:39] irbbqu : "stfu" was a bit too hars indeed, I didnt meant it like that .
[2016-01-15 08:24:47] irbbqu : Hehe sure np
[2016-01-15 08:27:18] djuan : chop incoming
[2016-01-15 08:27:29] micmix : habibi: you are welcome to short some more, I still have bids on XBTH16 :-)
[2016-01-15 08:27:35] rapidtrades : djuan: any minute now....
[2016-01-15 08:28:05] habibi : its urs mm bot there with 500 contracts?
[2016-01-15 08:28:40] micmix : no
[2016-01-15 08:28:47] rapidtrades : if u liked bitcoin at $520, you'll love it at $475!
[2016-01-15 08:29:18] micmix : I will love it @250 even more
[2016-01-15 08:30:19] rapidtrades : :)
[2016-01-15 08:32:02] REKT : Liquidated short on `XBT24H`: Buy 1020 @ 409.64
[2016-01-15 08:32:19] rapidtrades : goddam, brutal
[2016-01-15 08:32:42] gouda : anyone holding short?
[2016-01-15 08:33:00] habibi : nope. noone :)
[2016-01-15 08:33:26] rapidtrades : oil below $30 again...looks like crash incoming
[2016-01-15 08:33:29] irbbqu : Closed mine @le bottom, got a long from 404.7. + March shorts.
[2016-01-15 08:34:01] irbbqu : BFX margin longs decreasing, shorts rising.
[2016-01-15 08:36:17] rapidtrades : idk...rates haven't increased still 0.0055%
[2016-01-15 08:36:23] gouda : im still holding from from start of 24 hour
[2016-01-15 08:38:57] rapidtrades : $410 everywhere
[2016-01-15 08:39:05] gouda : i think will tag 400
[2016-01-15 08:39:37] gouda : maybe even break it
[2016-01-15 08:39:39] rapidtrades : Chinese not panicking like last time
[2016-01-15 08:40:01] habibi : rapidtrades: panic will start at 2710-20, 2730 was theirs buys lvls
[2016-01-15 08:40:10] gouda : yup'
[2016-01-15 08:40:32] gouda : dead cat bounce
[2016-01-15 09:05:07] rapidtrades : WTI new low 29.45
[2016-01-15 09:05:44] j8 : ouch. canadian dollar's feeling the burn as usual
[2016-01-15 09:06:25] rapidtrades : yea did u see that spike earlier?
[2016-01-15 09:07:05] j8 : yeah seriously
[2016-01-15 09:07:09] rapidtrades : +120 pips in2 mins
[2016-01-15 09:07:51] micmix : CAD is dead, buy bitcoin :-)
[2016-01-15 09:08:14] rapidtrades : or USD :)
[2016-01-15 09:08:32] micmix : USD is no fun, too stable
[2016-01-15 09:08:37] j8 : i'm happy, i have bitcoin and a loan in CAD with cheap interest. it's paying itself off
[2016-01-15 09:09:10] micmix : I'm even more happy bc my salary is in USD and all expenses in CAD :-)
[2016-01-15 09:09:26] j8 : nice
[2016-01-15 09:09:27] rapidtrades : j8: that's pretty nifty
[2016-01-15 09:10:00] micmix : wasn't so nifty when USDCAD was 0.92 :-(
[2016-01-15 09:11:02] j8 : yeah annual interest 3.4% and CAD is already down 4.8% in 2016
[2016-01-15 09:11:32] rapidtrades : what's the ATH for usd/cad? my chart goes back to 2001
[2016-01-15 09:11:44] rapidtrades : I see 1.59
[2016-01-15 09:11:51] micmix : I remember 1.67
[2016-01-15 09:11:57] rapidtrades : loool
[2016-01-15 09:13:04] micmix : I think early 2000? don't remember, was too long ago
[2016-01-15 09:13:56] rapidtrades : that's pretty brutal
[2016-01-15 09:15:08] jung1 : up we go/
[2016-01-15 09:15:11] jung1 : ?
[2016-01-15 09:15:17] micmix : ok, I googled, ATH was actually 1.62
[2016-01-15 09:15:31] habibi : jung1: bigger chance that u actually called a top
[2016-01-15 09:15:33] habibi : but lets see
[2016-01-15 09:15:37] habibi : local top*
[2016-01-15 09:16:16] rapidtrades : micmix: yep just found that too
[2016-01-15 09:17:00] jung1 : habibi: go sleep sometimes
[2016-01-15 09:17:28] habibi : jung1: i am sleeping sometimes :)
[2016-01-15 09:43:22] tscha : morning guys :)
[2016-01-15 09:43:37] j8 : morning
[2016-01-15 10:32:00] rapidtrades : oil keeps dropping
[2016-01-15 10:32:41] rapidtrades : Ruble keeps selling :)
[2016-01-15 10:57:59] rapidtrades : shorts stilll need to cover
[2016-01-15 11:06:36] REKT : Liquidated long on `XBT24H`: Sell 2000 @ 409.45
[2016-01-15 11:14:52] rapidtrades : cmon guys...close ur shorts, nice profit today :)
[2016-01-15 11:21:36] REKT : Liquidated long on `XBT24H`: Sell 21 @ 407.77
[2016-01-15 11:24:53] djuan : eat my shorts
[2016-01-15 11:31:31] rapidtrades : still short fella?
[2016-01-15 11:31:39] rapidtrades : time to close maybe...
[2016-01-15 11:32:21] djuan : I'm short on xbmtm16 june
[2016-01-15 11:33:21] rapidtrades : teh old M16
[2016-01-15 11:34:11] rapidtrades : settlement DUMP
[2016-01-15 11:34:13] rapidtrades : lets go!
[2016-01-15 11:34:36] djuan : hoorah
[2016-01-15 11:38:26] rapidtrades : noone wants to close...everyone's high on hopium
[2016-01-15 11:38:47] j8 : not much open interest left
[2016-01-15 11:38:55] rapidtrades : how much
[2016-01-15 11:39:05] chromaticcr : 60k
[2016-01-15 11:39:19] rapidtrades : holy shit...I'm over 1% of open interest
[2016-01-15 11:39:35] rapidtrades : I've hit BALLER status
[2016-01-15 11:39:49] rapidtrades : step down sledger, there's a new sheriff in town!
[2016-01-15 11:40:15] chromaticcr : BitMEX should get some badges/achievement. Gamify so gambler / degens could lose money to us serious guys
[2016-01-15 11:40:34] rapidtrades : yeah we're obv so sr
[2016-01-15 11:40:42] rapidtrades : only pro traders atm here
[2016-01-15 11:43:03] rapidtrades : dump would be sweet right now...
[2016-01-15 11:43:13] tscha : +1
[2016-01-15 11:44:46] chromaticcr : only half the impact on settle price thou
[2016-01-15 11:45:29] rapidtrades : that's the joke :)
[2016-01-15 11:48:23] rapidtrades : here we goooooo
[2016-01-15 11:52:32] tscha : as long as the price stays above 350 I'm a happy camper
[2016-01-15 11:55:24] laisee : 100k @ close ... bettr late than never
[2016-01-15 11:55:55] rapidtrades : 99k? I thought open interest was 60k wtf
[2016-01-15 11:56:01] rapidtrades : that guy lied to
[2016-01-15 11:56:13] j8 : must be opening
[2016-01-15 11:56:41] rapidtrades : WHAT
[2016-01-15 11:56:49] rapidtrades : do u see any 99k orders
[2016-01-15 11:56:53] j8 : yeah
[2016-01-15 11:57:12] rapidtrades : oh nvm
[2016-01-15 11:57:33] j8 : WHAT
[2016-01-15 11:58:47] laisee : someone would like a closing price between around 406?
[2016-01-15 11:59:50] chromaticcr : lol
[2016-01-15 12:01:11] laisee : and 100k b/s orders are ... gone ...
[2016-01-15 12:01:45] chromaticcr : rapidtrades' dream... joke come true
[2016-01-15 12:02:04] BitMEX_Wally : All orders get canceled at settlement, unless you are are market maker
[2016-01-15 12:02:49] salcon : русскоговорящие есть
[2016-01-15 12:02:53] salcon : ?
[2016-01-15 12:03:33] rapidtrades : oh a premium...look at that
[2016-01-15 12:04:28] laisee : yes, but whover wanted badly to buy or sell 100k seems to have lost interest post-settlement
[2016-01-15 12:04:44] rapidtrades : bit silly that we're trading at a premium so close to $400...but what do I know
[2016-01-15 12:05:22] rapidtrades : ppl buying at $410 on weekly...rly
[2016-01-15 12:24:46] habibi : BitMEX_Wally: mark price is much under entry price and still unrealised pln shows red unrealized profit
[2016-01-15 12:24:52] habibi : on short*
[2016-01-15 12:25:53] rapidtrades : we just settled
[2016-01-15 12:26:08] rapidtrades : thats ur unrealized since 25 mins ago
[2016-01-15 12:26:11] rapidtrades : not since entry
[2016-01-15 12:27:01] habibi : ah right, thank you gentelman :)
[2016-01-15 12:27:58] REKT : Liquidated long on `XBT24H`: Sell 1 @ 403.99 :punch: :whale:
[2016-01-15 12:31:39] laisee : another whale beaches ...
[2016-01-15 12:33:33] tscha : https://www.youtube.com/watch?v=1lWJXDG2i0A
[2016-01-15 12:34:29] sleger : is that a youtube video about your apology since you now realize that long term dated futures also follow spot ?
[2016-01-15 12:35:04] rapidtrades : sleger: still long baller sledger?
[2016-01-15 12:35:10] tscha : when did I say they don't follow spot? making up things doesn't prove you right
[2016-01-15 12:36:05] tscha : I said long-term quantos lag spot more than short-term future, which is factually right. The fact that you still deny that shows that you have zero clue about finance.
[2016-01-15 12:36:06] sleger : rapidtrades: overall yes, but being short long term futures helps not losing money
[2016-01-15 12:36:49] tscha : Especially when it comes to drops*
[2016-01-15 12:36:53] sleger : tscha: I said that fact was only due to illiquidity since these contracts only exist here and are highly illiquid
[2016-01-15 12:36:59] rapidtrades : that's pretty ballsy considering we're on the edge of $400
[2016-01-15 12:37:26] rapidtrades : I'm slightly net short after my long hedge expired...not feeling like putting it back on just yet
[2016-01-15 12:37:56] tscha : sleger: And you are wrong, since this is the case for ALL long term quantos on ANY market, not just crypto/bitcoin/bitmex.
[2016-01-15 12:38:20] sleger : that they "lag" spot ? proof then ?
[2016-01-15 12:38:53] sleger : since that would be easy to arb it sounds like a pretty stupid fact
[2016-01-15 12:39:42] rapidtrades : POLL TIME: $400, BREAK OR BOUNCE
[2016-01-15 12:39:53] joequant : I say break.
[2016-01-15 12:39:57] sleger : break then bounce
[2016-01-15 12:40:03] habibi : bounce then break
[2016-01-15 12:40:13] chromaticcr : go with habibi
[2016-01-15 12:40:22] joequant : yeah.
[2016-01-15 12:40:23] rapidtrades : ahahaha....:)
[2016-01-15 12:40:43] chromaticcr : on finex*
[2016-01-15 12:40:50] rapidtrades : I'm sensing a lot of wishful thinking in these replies :)
[2016-01-15 12:40:51] collin : bounce
[2016-01-15 12:41:10] tscha : sleger: It makes no sense to continue this discussion since it's obvious you lack basic understanding. Just ask Arthur if long-term quantos 1) react equally to fast down-movements than short-term quantos or if they 2) do not react equally fast to sudden drops. And Arthur will confirm 2) since he knows about the stuff and you don't. Sorry mate.
[2016-01-15 12:41:47] sleger : tscha: equally is completely different to "lag"
[2016-01-15 12:42:21] tscha : Hahaha now you are backpedalling
[2016-01-15 12:42:22] sleger : I never said they reacted equally, I just said they didnt lag,there is a difference and you should learn the correct vocabulary
[2016-01-15 12:42:24] tscha : brilliant
[2016-01-15 12:42:40] sleger : "tscha: I said long-term quantos lag spot more than short-term future, which is factually right. "
[2016-01-15 12:42:54] sleger : " sleger: that they "lag" spot ? proof then ?"
[2016-01-15 12:43:53] sleger : I stand on my ground, I always said that and you always talked about "lag"
[2016-01-15 12:44:03] rapidtrades : every spike is shorted on okc...not looking good
[2016-01-15 12:47:30] laisee : .you're both wrong. the market is right.
[2016-01-15 13:14:59] REKT : Liquidated long on `XBT24H`: Sell 2228 @ 401.49
[2016-01-15 13:15:20] krtek.net : o hai :)
[2016-01-15 13:15:29] REKT : Liquidated long on `XBTM16`: Sell 515 @ 570.80
[2016-01-15 13:15:32] tscha : whoeee drop <3
[2016-01-15 13:15:49] REKT : Liquidated long on `XBTM16`: Sell 16000 @ 569.11 **MEGA-REKT** :boom:
[2016-01-15 13:16:29] REKT : Liquidated long on `XBT7D`: Sell 18500 @ 397.07 **MEGA-REKT** :boom:
[2016-01-15 13:16:29] REKT : Liquidated long on `XBT24H`: Sell 11583 @ 394.93
[2016-01-15 13:16:29] REKT : :roller_coaster: :chart_with_downwards_trend: :japanese_goblin:
[2016-01-15 13:17:08] tscha : someone give micmix a cookie for that bot please
[2016-01-15 13:17:29] REKT : Liquidated long on `XBTM16`: Sell 7000 @ 562.69
[2016-01-15 13:17:29] REKT : Liquidated long on `XBTH16`: Sell 13600 @ 462.24
[2016-01-15 13:17:39] jung1 : thanks micmix
[2016-01-15 13:17:46] habibi : i am sorry micmix
[2016-01-15 13:18:09] REKT : Liquidated long on `XBT7D`: Sell 210 @ 394.12
[2016-01-15 13:21:46] rapidtrades : I f hate finex man...laggy pos
[2016-01-15 13:25:07] chromaticcr : yup, the market is right this time