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<< >> English 中文 Русский 한국어 日本語 Español Français [2016-01-20 03:41:15] sleger : price is going up [2016-01-20 03:44:14] micmix : core camp thinks that bitcoin is all blockchain parameters in the code and changing anything will make an altcoin, not bitcoin. therefore 'no hard forks ever' stance. for them changing blocksize is similar to changing max coin supply - should never happen [2016-01-20 03:45:21] micmix : second camp (classic) thinks that bitcoin is whatever majority of bitcoin users decide to call 'bitcoin', doesn't matter that it requires changing blockchain parameters [2016-01-20 03:46:42] micmix : you can trace the rift between two groups all the way back to bitcointalk discussions in 2012-2013 [2016-01-20 03:48:04] micmix : but with majority of mining power going to classic, core vision of bitcoin cannot survive [2016-01-20 03:49:54] micmix : in order for 'corecoin' to survive, they will have to either accept hard fork to 2MB and join classic, or change major blockchain parameters like PoW function or the way difficulty is adjusted (again, hard fork) [2016-01-20 03:54:00] micmix : the only way to keep bitcoin without hard fork is to convince at least 25% of mining power to stay on 1MB blocks [2016-01-20 03:55:05] lockhedge : micmix: good analysis, you just register on medium and copy/paste it [2016-01-20 03:56:36] lockhedge : just doubt that 25% initial mining power could be enough, still too much risk (hostile takeover) to invest in more mining power - but it will have negative effects on Bitcoin as well if Core gets 25% [2016-01-20 04:06:18] lockhedge : only two chances left for camp 1: get >25% and grow faster than the bigger blockchain or hope that satoshi will convince camp 2 to stay on core, would say that's less than 99% chance for camp1 [2016-01-20 04:11:14] zanza : $27 oil coming [2016-01-20 04:17:23] micmix : lockhedge: well yes, the only way for core is to keep more than 25% of mining power, therefore preventing activation of 2MB blocks in classic. the activation threshold for 2MB blocks in classic is 75% of mining power [2016-01-20 04:19:43] micmix : in any case split in 2 coins not good for the price. basically coin supply is doubled bc you can spend all your coins twice, once on core chain and once on classic chain. no way coins on both chains will keep their current value [2016-01-20 04:22:28] micmix : I just hope that the cooler heads prevail and the split will be avoided altogether [2016-01-20 04:25:27] lockhedge : micmix: technically there will be a split but it will be very probably only a handful people [2016-01-20 04:26:27] lockhedge : micmix: when is the deadline for the 75% threshold? [2016-01-20 04:27:16] micmix : yeah, it's not a problem if it's only a handful of people without any major mining power. their coin will not work at all, will take way too long to confirm transactions [2016-01-20 04:27:56] micmix : I'm not sure the deadline is decided at this point, proposal was March I think [2016-01-20 04:28:56] micmix : with grace period of several weeks before any blocks over 2mb can be mined [2016-01-20 04:36:47] micmix : sorry, any blocks over 1mb [2016-01-20 04:39:40] lockhedge : probably a huge discount on H16 if there is an agreement on a March 1 deadline [2016-01-20 04:40:09] laisee : yes, resolving the block size issue should cause price to go up. [2016-01-20 04:51:03] micmix : ok, did some reading, looks like end of March is more realistic [2016-01-20 04:51:48] micmix : I mean first large block by end of March [2016-01-20 04:55:39] lockhedge : as a guy who worked in PR the most interesting question is: when will the news agencies quote Gavin Andresen saying "Bitcoin is now even stronger than before Mike left", this mass media event will most probably happen when the threshold is reached [2016-01-20 04:56:58] micmix : Release Plan Our initial beta/test release will be based on bitcoin-core 0.11.2. It will have a 2MB block size limit. The source code will be made available in the last week of January. Binaries for Linux, Windows and Mac will follow soon after. Work on 0.12 will start after the 0.11.2 release. We are planning to disable opt-in RBF. This decision is based on community feedback (miners included). The activation threshold % and earliest activation date are being discussed with the community and will be announced next week. [2016-01-20 05:00:38] lockhedge : thanks micmix [2016-01-20 05:00:44] rapidtrades : markets continue their meltdown...as expected [2016-01-20 05:02:54] micmix : if they keep suggested 750/1000 blocks threshold, it will take about a week for miners to vote. so software release end of Jan., 1-2 weeks to update miner noders, 1 week to vote. we can be done even before March 1. buy H16 people! :-) [2016-01-20 05:03:35] rapidtrades : oil below $28 [2016-01-20 05:06:39] rapidtrades : and another ''pro'' trader saying it wouldn't take much to see a pop higher [2016-01-20 05:14:33] zanza : I heard some predictions for 10-15$ oil [2016-01-20 05:15:22] rapidtrades : I was gonna troll tradingview '''traders'' but you need a phone number to chat [2016-01-20 05:15:29] rapidtrades : wtf lol lmao f that shit [2016-01-20 05:15:49] zanza : u can use free throwaway phones [2016-01-20 05:15:51] rapidtrades : companies are getting f ballsy with this shit [2016-01-20 05:16:04] rapidtrades : zanza: teach me [2016-01-20 05:16:27] zanza : google "free sms verification" [2016-01-20 05:16:31] zanza : then your country [2016-01-20 05:16:48] zanza : and you can receive a SMS confirmation to verify accounts [2016-01-20 05:17:00] rapidtrades : I have few prepaid numbers cos I travel a lot but can't be bothered to change sim...don't want to chat as bad [2016-01-20 05:17:41] rapidtrades : zanza: tnx for tehe tip tho [2016-01-20 05:17:59] zanza : :) [2016-01-20 05:36:37] rapidtrades : bloomberg thinks its more important to air its shity interview ith Sean Penn then cover markets atm [2016-01-20 06:30:55] zanza : so if Core changes the POW algo to screw over ASIC miners, there could be some fireworks [2016-01-20 06:31:09] zanza : "scorched earth" [2016-01-20 08:14:56] rapidtrades : s&p still looking super weak [2016-01-20 08:15:02] rapidtrades : selling prolly not done [2016-01-20 10:02:22] laisee : zanza: > Core is facing Zugzwang re Bitcoin network. [2016-01-20 10:23:07] zanza : very few people are opposed to biggger blocks [2016-01-20 10:26:11] micmix : zanza: well if you read r/bitcoin many people think that it's the end of the world as we know it :-) [2016-01-20 10:34:57] laisee : end of some peoples 'world', i guess [2016-01-20 10:35:48] laisee : changing POW algo as a last resort seems like madness. [2016-01-20 11:49:31] REKT : Liquidated short on `XBT7D`: Buy 2900 @ 381.98 [2016-01-20 11:50:37] BitMEX_Arthur : https://blog.bitmex.com/bitmex-arbitrage-lesson-3-webinar/ [2016-01-20 11:50:42] BitMEX_Arthur : More details for tomorrow's webinar [2016-01-20 12:43:03] REKT : Liquidated short on `XBT7D`: Buy 3 @ 382.85 :punch: :whale: [2016-01-20 12:49:46] Samirum : Hahahahaha [2016-01-20 12:49:53] REKT : Liquidated short on `XBT24H`: Buy 6765 @ 386.07 [2016-01-20 12:50:03] REKT : Liquidated short on `XBT24H`: Buy 100 @ 387.42 [2016-01-20 12:51:02] macios15 : rekt incoming [2016-01-20 12:51:05] macios15 : damn :D [2016-01-20 12:51:12] macios15 : holy fuck :D [2016-01-20 12:52:03] REKT : Liquidated short on `XBTH16`: Buy 250 @ 442.90 [2016-01-20 12:52:59] laisee : BitMEX_Arthur: > did bitmex engineer a pump to boost interest in webinar tomorrow? [2016-01-20 12:53:23] Akaiapc40 : 400? [2016-01-20 12:54:22] sleger : any news ? [2016-01-20 12:56:21] sleger : I said 9 hours ago : "sleger : price is going up" [2016-01-20 12:57:12] Akaiapc40 : and then a big coming down? [2016-01-20 12:58:27] j8 : http://www.pbc.gov.cn/goutongjiaoliu/113456/113469/3008070/index.html ? [2016-01-20 12:59:30] sleger : j8: thanks [2016-01-20 12:59:53] j8 : no prob [2016-01-20 13:06:03] REKT : Liquidated short on `XBT24H`: Buy 200 @ 397.84 [2016-01-20 13:07:28] justinlooking : did not expect this... where did i put my roflcopter [2016-01-20 13:14:04] REKT : Liquidated short on `XBT7D`: Buy 100 @ 399.05 [2016-01-20 13:21:04] bondi : Correct me if I'm wrong, but in 'Hedging Example 2', isn't it supposed to be 'above' instead of 'below'? https://www.bitmex.com/app/lesson4 [2016-01-20 13:21:04] REKT : Liquidated long on `XBT24H`: Sell 735 @ 396.02 [2016-01-20 13:21:17] rapidtrades : all this pumping and still discount on futures everywhere [2016-01-20 13:22:03] rapidtrades : did idiots rly buy on that news that China is exploring a crypto-currency? god dam chinese ppl are stupid [2016-01-20 13:22:28] rapidtrades : guess it's no wonder they pumped and dumped their own stock market [2016-01-20 13:24:12] rapidtrades : lol already 20% DPE [2016-01-20 13:25:01] JDUB99 : then it disappears? [2016-01-20 13:25:41] rapidtrades : wtf mate like literally wtf [2016-01-20 13:26:00] thehawthorne : hehe [2016-01-20 13:26:03] thehawthorne : messy shit [2016-01-20 13:29:48] sleger : rapidtrades: where do you see 20% dpe ? [2016-01-20 13:31:11] thehawthorne : XBT24H [2016-01-20 13:31:14] j8 : there was briefly 20% on the daily, there was a liquidation for 7000 with only 35000 open interest [2016-01-20 13:31:19] BitMEX_Wally : That order was closed out [2016-01-20 13:31:32] rapidtrades : no it wasn't [2016-01-20 13:31:51] BitMEX_Wally : I assure you it was [2016-01-20 13:32:12] rapidtrades : it showed up in the API until 2 mins ago [2016-01-20 13:32:18] justinlooking : 13:20:43 utc [2016-01-20 13:32:27] j8 : 396.23 probably, it got moved up a lot [2016-01-20 13:32:31] BitMEX_Wally : Yes [2016-01-20 13:32:34] REKT : Liquidated short on `XBT24H`: Buy 3 @ 396.92 :punch: :whale: [2016-01-20 13:33:12] habibi : yep saw that as well [2016-01-20 13:33:14] rapidtrades : matt on bloomberg: ''I mean oil it's not gonna fall much further then 27? [2016-01-20 13:33:44] rapidtrades : and there go the calls for anotehr sharp rally in oil...this is hilarious [2016-01-20 13:34:45] rapidtrades : lol@CEO of paypal...looks like a homeless man [2016-01-20 13:41:24] REKT : Liquidated short on `XBT24H`: Buy 2055 @ 397.77 [2016-01-20 13:44:04] REKT : Liquidated short on `XBT24H`: Buy 204 @ 398.21 [2016-01-20 13:45:04] REKT : Liquidated short on `XBT7D`: Buy 18000 @ 400.51 **MEGA-REKT** :boom: [2016-01-20 13:45:08] justinlooking : ouch [2016-01-20 13:45:34] REKT : Liquidated short on `XBTM16`: Buy 1964 @ 554.83 [2016-01-20 13:45:54] REKT : Liquidated short on `XBTM16`: Buy 51 @ 557.14 [2016-01-20 13:45:54] REKT : :btc: :rocket: :crescent_moon: [2016-01-20 13:46:04] REKT : Liquidated short on `XBT24H`: Buy 3449 @ 404.04 [2016-01-20 13:49:00] macios15 : going 2820 [2016-01-20 13:49:21] justinlooking : lol wut [2016-01-20 13:50:05] Akaiapc40 : how much longer before another downtrend? [2016-01-20 13:50:11] DareDevil : only going up [2016-01-20 13:50:33] Akaiapc40 : until? [2016-01-20 13:50:59] DareDevil : not sure, but 400 broke and has some support building up on exchanges [2016-01-20 13:51:08] DareDevil : only coinbase is below 400 atm [2016-01-20 13:54:40] justinlooking : Akaiapc40: until it becomes pointless to price bitcoin against meaningless shit like usd and cny ;-) [2016-01-20 14:02:08] Akaiapc40 : http://www.reuters.com/article/us-china-currency-digital-idUSKCN0UY1JT [2016-01-20 14:12:35] REKT : Liquidated long on `XBT24H`: Sell 199 @ 402.98 [2016-01-20 14:19:34] rapidtrades : it clearly says ''its own cryptocurrency'' ffs retards...how is this good for bitcoin? if anything a regulated crypto will likely come AFTER bitcoin is banned [2016-01-20 14:20:59] rapidtrades : no government will allow competing cryptocurrencies, they dont' do it with fiat they wont do it with crypto.. [2016-01-20 14:21:05] REKT : Liquidated short on `XBT24H`: Buy 1000 @ 404.36 [2016-01-20 14:21:05] REKT : Liquidated short on `XBT24H`: Buy 508 @ 404.27 [2016-01-20 14:21:05] REKT : Liquidated short on `XBT24H`: Buy 100 @ 404.28 [2016-01-20 14:21:22] Swedishnut : government cannot control everything [2016-01-20 14:21:28] DareDevil : prices going to 410 today :D [2016-01-20 14:22:17] habibi : rapidtrades: on the other hand it means that they have nothing against bitcoin [2016-01-20 14:22:17] rapidtrades : Swedishnut: irrelevant argument... [2016-01-20 14:23:10] rapidtrades : habibi: no it doesn't [2016-01-20 14:23:21] rapidtrades : their OWN cryptocurrency [2016-01-20 14:24:15] sleger : someone is butthurt [2016-01-20 14:24:50] Akaiapc40 : they have enough power to do it [2016-01-20 14:25:38] Akaiapc40 : if they decide to leave bitcoin and switch to their own CC who know what can happen [2016-01-20 14:25:42] rapidtrades : keep buying that dip buddy...we haven't made a new high since Nov 4th....a fact that's conveniently forgotten when 90% heresay ''trend is up'' [2016-01-20 14:25:56] habibi : who cares about new highs? [2016-01-20 14:26:02] habibi : we are on 100x here right? [2016-01-20 14:26:11] rapidtrades : ppl who want to make money that's who [2016-01-20 14:26:47] sleger : you can be long and make money without new highs [2016-01-20 14:26:53] habibi : changing words of some song i would sing to u " i love the way u cryyy" [2016-01-20 14:27:21] rapidtrades : from article ''Virtual currencies can also help boost transparency of economic activities and curb money laundering and tax evasions, it added.'' [2016-01-20 14:27:31] rapidtrades : sounds everything will be ok with bitcoin right? [2016-01-20 14:27:51] rapidtrades : cos bitcoin is totally NOT used for those things...like AT ALL [2016-01-20 14:28:04] habibi : yea fiat money is not used for that things, at all [2016-01-20 14:30:40] DareDevil : XBX index still rising steady :) [2016-01-20 14:31:47] justinlooking : `f.insertRule("[data-user=rapidtrades]+.message{text-transform:lowercase}"` [2016-01-20 14:32:15] DareDevil : lol [2016-01-20 14:39:36] REKT : Liquidated short on `XBT24H`: Buy 3 @ 405.41 :punch: :whale: [2016-01-20 14:39:36] REKT : Liquidated short on `XBT24H`: Buy 83 @ 406.93 [2016-01-20 14:39:46] tscha : rapid still short? :D [2016-01-20 14:39:52] macios15 : i said 2820 guys [2016-01-20 14:39:59] arbitrage001 : still short here [2016-01-20 14:40:16] arbitrage001 : whooping 20k contract [2016-01-20 14:40:36] REKT : Liquidated short on `XBT24H`: Buy 15249 @ 407.95 **MEGA-REKT** :boom: [2016-01-20 14:40:38] macios15 : arbitrage001: rip [2016-01-20 14:40:43] Akaiapc40 : ouch [2016-01-20 14:40:52] arbitrage001 : but then, i am hedged [2016-01-20 14:40:58] arbitrage001 : not a directional play [2016-01-20 14:41:16] REKT : Liquidated short on `XBT7D`: Buy 49 @ 409.85 [2016-01-20 14:42:16] laisee : boom! [2016-01-20 14:43:41] DareDevil : as I said: Price is going to 410 today :D [2016-01-20 14:43:54] Akaiapc40 : DareDevil: thumbs up! [2016-01-20 14:44:34] blackwhite : who is right? bfx which is high or stamp which is low? [2016-01-20 14:44:43] habibi : noone cares about stamp [2016-01-20 14:44:52] sleger : we know who is lagging [2016-01-20 14:45:04] blackwhite : oh that means we can go there and buy [2016-01-20 14:45:21] sleger : blackandwhite is lagging too [2016-01-20 14:45:33] blackwhite : i think xbx cares about them, anyway [2016-01-20 14:45:40] arbitrage001 : bfx laggged china price [2016-01-20 14:45:49] arbitrage001 : and bitstamp lag bfx [2016-01-20 14:46:03] arbitrage001 : so the bump is coming from china [2016-01-20 14:46:07] blackwhite : so who's the first in the game then? [2016-01-20 14:46:11] sleger : yes, but most people dont like the XBX index [2016-01-20 14:46:12] laisee : same old normal sequence .... [2016-01-20 14:46:29] DareDevil : all exchanges 400+ now [2016-01-20 14:46:42] arbitrage001 : btcchina trading at 414-415 [2016-01-20 14:46:52] DareDevil : yup, I'm guessing we'll be going there [2016-01-20 14:47:04] justinlooking : back to 420 blaze it [2016-01-20 14:47:07] DareDevil : 410 - 414 today [2016-01-20 14:51:19] tscha : arbitrage001: if you are waiting for a good moment to get out of your short, this might be it [2016-01-20 14:51:41] arbitrage001 : it is a cash and carry play [2016-01-20 14:51:50] tscha : oh, then nvm [2016-01-20 14:52:23] tscha : with spot? [2016-01-20 14:52:34] arbitrage001 : of course [2016-01-20 14:53:13] arbitrage001 : afk [2016-01-20 14:54:12] tscha : hope it plays out for you then, shorting quantos + buying spot can still lead to losses due to non-linear payout structure of quantos [2016-01-20 14:55:04] tscha : losses in terms of $ value obviously [2016-01-20 14:59:46] sleger : so many people are so smart now that the CEO has explained them the difference [2016-01-20 15:01:56] tscha : except the ones that still ask themselves why long-term futures sometimes don't follow spot closely [2016-01-20 15:03:28] sleger : except that they do... [2016-01-20 15:04:14] tscha : Stubborn people are just unteachable I guess. [2016-01-20 15:04:37] sleger : hopefully there is a better teacher around that will do a better job than me [2016-01-20 15:05:24] tscha : Maybe Arthur can explain it to you :) [2016-01-20 15:05:32] macios15 : rekt incoming i sid 2820 [2016-01-20 15:05:37] macios15 : said* [2016-01-20 15:05:56] REKT : Liquidated short on `XBT7D`: Buy 3000 @ 411.63 [2016-01-20 15:06:12] Akaiapc40 : here is it [2016-01-20 15:09:16] sleger : maybe he knows indeed. Arthur is around ? [2016-01-20 15:11:07] REKT : Liquidated short on `XBT7D`: Buy 13936 @ 412.96 [2016-01-20 15:11:27] REKT : Liquidated short on `XBT24H`: Buy 1449 @ 413.28 [2016-01-20 15:11:52] macios15 : arbitrage001: hows your short [2016-01-20 15:12:03] BitMEX_Sam : Wow, what a morning [2016-01-20 15:12:24] tscha : BitMEX_Sam: morning sam :D [2016-01-20 15:12:29] BitMEX_Sam : Morning [2016-01-20 15:12:53] tscha : BitMEX_Sam: NA? I thought you are in HK [2016-01-20 15:13:02] BitMEX_Sam : Nope, rest of the team is, I'm in NA [2016-01-20 15:13:05] sleger : one more mistake i guess [2016-01-20 15:17:11] blackwhite : wow somebody predicted 410-414 xbx almost 416 already [2016-01-20 15:17:18] blackwhite : really smart people here [2016-01-20 15:17:28] blackwhite : what's next? [2016-01-20 15:17:37] blackwhite : infinity? [2016-01-20 15:18:10] arbitrage001 : macios15: still holding fine [2016-01-20 15:18:13] Akaiapc40 : let's see who predict when start short :D [2016-01-20 15:18:46] DareDevil : right about now [2016-01-20 15:18:47] DareDevil : :P [2016-01-20 15:19:07] REKT : Close your longs, close your shorts, choppy waters ahead! [2016-01-20 15:19:07] REKT : Liquidated long on `XBT24H`: Sell 4623 @ 416.57 [2016-01-20 15:19:16] Akaiapc40 : lol [2016-01-20 15:27:04] Swedishnut : Good Morning! Hope everyone is great! are we off to 475 again? [2016-01-20 15:27:17] REKT : Liquidated short on `XBT24H`: Buy 4388 @ 417.16 [2016-01-20 15:27:51] jung1 : holy shit [2016-01-20 15:30:51] jung1 : looks like its not the end of pump [2016-01-20 15:31:20] habibi : werent u bearish ? ;p [2016-01-20 15:31:28] jung1 : depends [2016-01-20 15:31:29] jung1 : hehe [2016-01-20 15:31:46] DareDevil : shorts incoming [2016-01-20 15:34:29] jung1 : any news was around? or just bored traders [2016-01-20 15:34:54] habibi : http://www.reuters.com/article/us-china-currency-digital-idUSKCN0UY1JT [2016-01-20 15:37:02] Akaiapc40 : wow....i hit shorts and the price climb...i hit long and the price fall.... [2016-01-20 15:37:13] Akaiapc40 : wtf [2016-01-20 15:37:37] jung1 : type here next time when you open position [2016-01-20 15:39:45] DareDevil : or just listen to me ;) [2016-01-20 15:40:00] Akaiapc40 : DareDevil: better i think [2016-01-20 15:42:49] DareDevil : if the price on Bitfinex hits 412.8 better prepare for shorts incoming [2016-01-20 15:42:56] justinlooking : the sell 7D, buy H16 has not performed as well as i expected [2016-01-20 15:44:55] sleger : lol [2016-01-20 15:45:11] sleger : it's a long term trade, just double down [2016-01-20 15:45:18] justinlooking : u know it :) [2016-01-20 15:45:24] justinlooking : lnog term til friday lol [2016-01-20 15:45:33] laisee : an 'investment' [2016-01-20 15:45:36] sleger : i am short h16 a lot [2016-01-20 15:45:51] justinlooking : u are always short everything a lot :P [2016-01-20 15:46:16] sleger : XBT7D 42131 381.52 [2016-01-20 15:46:27] justinlooking : ^-^ [2016-01-20 15:46:59] jung1 : quite dangerous is go short now [2016-01-20 15:47:06] jung1 : long as well [2016-01-20 15:48:05] DareDevil : some 24H longs will get burned :P [2016-01-20 15:48:19] DareDevil : buying at 415.15 [2016-01-20 15:49:17] Akaiapc40 : finex 412.8 [2016-01-20 15:50:08] DareDevil : yup... [2016-01-20 15:51:38] DareDevil : don't think that's the new low, do you? [2016-01-20 15:52:24] DareDevil : however, bitstamp still rising steady [2016-01-20 16:05:12] Akaiapc40 : Daredevil you right again [2016-01-20 16:11:38] jung1 : I though that we will stay a a bit under 400 [2016-01-20 16:13:53] Akaiapc40 : then you are short... [2016-01-20 16:13:57] Akaiapc40 : :D [2016-01-20 16:22:05] Akaiapc40 : who of you is on twitter? [2016-01-20 16:22:15] DareDevil : not active [2016-01-20 16:23:29] REKT : Liquidated long on `XBT24H`: Sell 1107 @ 412.30 [2016-01-20 16:24:26] DareDevil : ouch :P Should have shorted when I said so myself :p [2016-01-20 16:25:00] rapidtrades : hy were 7 from highs...not cheap by any means [2016-01-20 16:50:54] sleger : lots of offers under fair price on march [2016-01-20 16:51:16] habibi : sleger: buy it then! :) [2016-01-20 16:51:56] sleger : who said I wanted to long h16 ? [2016-01-20 16:53:39] REKT : Liquidated short on `XBT7D`: Buy 2 @ 415.03 :punch: :whale: [2016-01-20 17:00:01] SnackyCoins : my sounds quit working =\ [2016-01-20 17:00:16] SnackyCoins : even refreshed and toggled the settings in my profile [2016-01-20 17:00:59] rapidtrades : never worked for me, not that it matters [2016-01-20 17:01:11] habibi : sounds? [2016-01-20 17:05:33] BitMEX_Sam : Hmm, let me take a look at that SnackyCoins [2016-01-20 17:08:03] SnackyCoins : my tab in chrome is not making a speaker icon when it should be either, and yes other tabs/sound working normally :) [2016-01-20 17:08:20] Teddy76 : yeah me too, usefull and missing me a lot [2016-01-20 17:08:45] SnackyCoins : been a few days like this ctually but thought it was me at first [2016-01-20 17:08:52] Teddy76 : since 2/3 days [2016-01-20 17:10:40] REKT : Liquidated long on `XBT24H`: Sell 1817 @ 412.37 [2016-01-20 17:10:40] REKT : Have a bowl of chop-chop suey! [2016-01-20 17:11:05] rapidtrades : like I said alerts never work [2016-01-20 17:11:37] SnackyCoins : rapid you might need to enable them for this site in your browser [2016-01-20 17:12:07] SnackyCoins : my alerts are still working just no sound [2016-01-20 17:16:04] zanza : 412? what did i miss [2016-01-20 17:16:16] zanza : Mike Hearn getting fucked? [2016-01-20 17:18:34] rapidtrades : zanza: PBOC may issue its own crypto....bitcoiners think that's bullish [2016-01-20 17:21:20] j8 : i stopped getting order filled / canceled notifications, could be because i updated chrome recently. [2016-01-20 17:22:55] j8 : they are set to allowed though, and i do get Order Submitted notifications [2016-01-20 17:42:33] BitMEX_Sam : Thanks for the report, j8: SnackyCoins: rapidtrades: Please refresh, the issue is fixed [2016-01-20 17:45:27] j8 : excellent [2016-01-20 17:47:20] sleger : BitMEX_Sam: what was the original reason for choosing quanto as main product and not inverse ? [2016-01-20 17:48:16] habibi : bullish sentiment of ceo :p [2016-01-20 17:48:41] BitMEX_Sam : I'll have Arthur remark on that when he's next online, he can explain it much better than I can [2016-01-20 17:50:13] BitMEX_Sam : The gist of it is that the non-linear nature (in Bitcoin) of inverse futures makes the downside potentially infinite and therefore more difficult to manage with high leverage [2016-01-20 17:55:31] REKT : Liquidated long on `XBT24H`: Sell 28 @ 408.15 [2016-01-20 18:01:34] blackwhite : Error in the contract specs. Fair Basis Rate parseInt(value * 100, 10)% [2016-01-20 18:03:12] BitMEX_Sam : :) Thanks blackwhite [2016-01-20 18:05:35] zanza : Bitcoin is back! [2016-01-20 18:08:39] Akaiapc40 : ah, wasn't dead? [2016-01-20 18:16:49] BitMEX_Sam : blackwhite: Fixed, thanks for the report [2016-01-20 18:22:19] SnackyCoins : can soneone market sell on 24h? trying to test if it works 8) [2016-01-20 18:27:05] SnackyCoins : ok cool it works :) [2016-01-20 18:52:14] zanza : SnackyCoins: hope you aren't in Oil still! [2016-01-20 18:52:31] SnackyCoins : ofc i am [2016-01-20 18:52:41] SnackyCoins : i just bought more today [2016-01-20 18:52:56] SnackyCoins : i'm not leveraged on it [2016-01-20 18:53:07] zanza : https://mriqd.files.wordpress.com/2012/11/oil-man-452x288.jpg [2016-01-20 18:53:22] SnackyCoins : hahaha [2016-01-20 18:54:13] SnackyCoins : here's what i have to say about oil ;) https://www.tradingview.com/x/u9Fb7rYk/ gotta go knock snow off my car now [2016-01-20 19:19:20] rapidtrades : SnackyCoins: are u long or short bitcoin right now [2016-01-20 19:20:09] rapidtrades : anyone else buying oil right now? [2016-01-20 19:20:56] habibi : i tanked my car yesterday, why? [2016-01-20 19:21:16] rapidtrades : did u tank it with oil? [2016-01-20 19:21:28] thehawthorne : ill buy at 22 [2016-01-20 19:21:48] rapidtrades : thehawthorne: and what is ur current position in btc [2016-01-20 19:22:27] thehawthorne : nothing, was long and went out at 418 [2016-01-20 19:22:38] rapidtrades : lol [2016-01-20 19:22:38] thehawthorne : wanna wait for further market structure [2016-01-20 19:22:44] rapidtrades : ok bud [2016-01-20 19:23:20] thehawthorne : got some buy orders little below 400 though [2016-01-20 19:23:25] thehawthorne : lets see if they get hit [2016-01-20 20:24:56] DareDevil : 24H is rather high compared to XBX index [2016-01-20 20:25:48] habibi : high is when 24h is higher than china :p [2016-01-20 20:26:48] zanza : or when it was 70 points higher than spot in November :) [2016-01-20 20:27:35] habibi : pretty expensive buys [2016-01-20 20:27:55] REKT : Liquidated long on `XBT24H`: Sell 100 @ 410.91 [2016-01-20 20:29:06] REKT : Liquidated long on `XBT24H`: Sell 278 @ 410.80 [2016-01-20 20:30:32] DareDevil : will we break 400 again? [2016-01-20 20:33:45] DareDevil : there we go again [2016-01-20 20:34:15] Swedishnut : crazy intra day swings on stocks [2016-01-20 20:34:21] DareDevil : yeah sure is [2016-01-20 20:34:53] DareDevil : xbx is 408.17, 24H is 410.39...will level out soon I think, especially since XBX is only dropping if I look at order book [2016-01-20 20:36:19] DareDevil : ouch [2016-01-20 20:36:24] zanza : the M16 back up to 580 [2016-01-20 20:36:36] REKT : Liquidated long on `XBT24H`: Sell 5 @ 410.39 [2016-01-20 20:37:00] habibi : zanza: did u buy that 20 $ premium? [2016-01-20 20:42:16] zanza : nah, im waiting for about 480 before i enter M16 [2016-01-20 20:42:19] zanza : 480 spot [2016-01-20 20:42:36] zanza : i have no positions open now, just short Yuan [2016-01-20 20:57:23] DareDevil : volatile market today...now 409.10 sell wall on Bitfinex will get eaten soon... [2016-01-20 20:59:12] habibi : DareDevil: calm down [2016-01-20 21:01:30] DareDevil : sorry, just sharing my observations, I'll shush [2016-01-20 21:03:40] laisee : keep sharing, it's more interesting than traders sledging each other. [2016-01-20 21:04:03] habibi : k, dont call 100 coins a wall :p [2016-01-20 21:04:19] DareDevil : habibi...it's 73 now :P [2016-01-20 21:04:44] DareDevil : anyways, from there up to a bit further is almost no resistance at all at Bitfinex [2016-01-20 21:04:48] DareDevil : gone btw [2016-01-20 21:05:31] DareDevil : 72 BTC in one buy [2016-01-20 21:11:26] DareDevil : anyone here knows why there is so much difference between Chinese exchanges and other? [2016-01-20 21:11:43] DareDevil : 10+ USD difference in BTC price [2016-01-20 21:20:28] zanza : caus Yuan [2016-01-20 21:20:50] zanza : habibi: rofl [2016-01-20 21:36:47] REKT : Liquidated long on `XBT24H`: Sell 300 @ 410.07 [2016-01-20 21:37:19] rapidtrades : it's getting impossible to get filled on a limit order here [2016-01-20 21:37:27] DareDevil : major dump [2016-01-20 21:38:17] REKT : Liquidated long on `XBT24H`: Sell 11836 @ 408.69 [2016-01-20 21:38:27] sleger : rapidtrades: that's what MM are for, just take the liquidity [2016-01-20 21:39:10] rapidtrades : sleger: u take the ''liquidity'' $1 spread is shit [2016-01-20 21:39:37] sleger : But my bot needs a new cpu ... :( [2016-01-20 21:39:47] rapidtrades : I was gonna sell some premium..its was close to $3 now it's 40 cents....nice work [2016-01-20 21:40:04] sleger : too greedy [2016-01-20 21:40:25] rapidtrades : like I said, it was $1 spread [2016-01-20 21:40:29] rapidtrades : still is [2016-01-20 21:40:53] rapidtrades : plus fees, $1.20 [2016-01-20 21:40:58] cekseh : almost 3$ move on finex, time to fomo dd [2016-01-20 21:43:04] rapidtrades : trading here is a huge waste of time until liquidity improves...but that prolly wont happen with the current fee sctructure [2016-01-20 21:45:09] rapidtrades : okc i have 0.03% in and out...here it's 0.15% if u use market both ways...plus contract expires every day [2016-01-20 21:45:53] rapidtrades : the quanto structure is the only appealing factor for trading here tbh [2016-01-20 21:47:59] zanza : doesn't OKCoin have much worst clawback ? [2016-01-20 21:48:12] rapidtrades : nope [2016-01-20 21:48:40] rapidtrades : but there are a lot of funny games played with LIQs over there [2016-01-20 21:49:18] rapidtrades : lot of times price will suspiciously rally to a huge LIQ, fill it then fall back down right after [2016-01-20 21:51:56] zanza : they use market orders for liquidations there I think [2016-01-20 21:52:33] habibi : dont they give u the rest from liq i there is any? [2016-01-20 21:54:57] rapidtrades : I think it goes to the insurance pool [2016-01-20 21:57:29] BitMEX_Sam : They don't use market orders for liquidations [2016-01-20 21:57:31] habibi : btw rapidtrades found futures without clawback :p [2016-01-20 22:01:23] rapidtrades : I single-handedly narrowed the spread to 3 cents...ur welcome [2016-01-20 22:02:10] habibi : rapidtrades: check cryptofacilities system [2016-01-20 22:02:29] rapidtrades : what are the fees [2016-01-20 22:02:44] laisee : big spreads, last I looked. [2016-01-20 22:02:58] rapidtrades : then there's no point [2016-01-20 22:04:01] laisee : take look, maybe better now [2016-01-20 22:04:24] sleger : XBU has no DPE [2016-01-20 22:04:32] Swedishnut : if oil keeps the correlation to US SP then would it not open tomorrow X% lower IF oil stays below 28$ WTI? [2016-01-20 22:04:33] sleger : as long as bitmex has enough funds to cover it that is... [2016-01-20 22:32:42] rapidtrades : Swedishnut: what [2016-01-20 22:35:15] Swedishnut : if you also trade other stuff have you seen the correlation like an equation? So far it has been pretty sound. Meaning if oil slumps like it did today to the lowest in months and months and so did the markets in the US. But they came off the lows breaking from the correlation of oil down so does dow and sp [2016-01-20 22:36:20] Swedishnut : my question being. Would you guess further stock selling to again reach correlation to oil price tomorrow IF oil stays below 28$ [2016-01-20 22:36:57] rapidtrades : oh I think I know what ur saying...cos stocks bounced up strong today but oil is so-so [2016-01-20 22:37:44] Swedishnut : si senior! [2016-01-20 22:37:46] micmix : looked at the price and thought maybe blocksize problem is resolved, but no, no progress :-( [2016-01-20 22:38:42] rapidtrades : I don't know what the correlation is but it seemed very strange to see all stocks selloff along with oil...I can kinda understand energy stocks but not the whole s&p [2016-01-20 22:38:59] rapidtrades : so I would expect S&P to bounce stronger then oil [2016-01-20 22:39:47] rapidtrades : re:correlation I think oil has led in the past few weeks [2016-01-20 22:40:39] rapidtrades : personally I'm more bullish on s&p then stocks but I only trade forex with real money so my opinion doesn't matter much :) [2016-01-20 22:43:29] REKT : Liquidated short on `XBT24H`: Buy 1333 @ 410.15 [2016-01-20 22:50:57] Swedishnut : thanks for the input :) Yeah I hear a lot of chatter to keep selling while the older investor articles see it as an opportunity to buy very soon but are holding off for the "best" deal. My parents forwaded me an e-mail from their financial manager pressuring to sell on tuesday or get ready for a long wait possibly to be able to sell in profit from their current holdings. (Most of their buying had been Nov 2015) He even asked again wed after the loss. Could be he wants more stock for himself? IDK much about general stock health other than to me it looks bloated [2016-01-20 22:51:57] habibi : tldr; ? [2016-01-20 22:52:30] sleger : More bullish on s&p thAn stocks... Interesting concept rapidtrades [2016-01-20 22:52:46] rapidtrades : meant oil... [2016-01-20 22:53:04] rapidtrades : more bullish on s&p then oil [2016-01-20 22:53:06] Swedishnut : oh. [2016-01-20 22:53:13] sleger : ThAn [2016-01-20 22:53:20] rapidtrades : then [2016-01-20 22:53:28] sleger : No [2016-01-20 22:53:44] rapidtrades : ur 1 week is up sledger [2016-01-20 22:53:56] rapidtrades : hence we drop the baller [2016-01-20 22:53:59] sleger : But grammar never stops [2016-01-20 22:55:42] Swedishnut : well my family is in trucking too. They had banked on oil over 60$ and laughed at me over Christmas that it would go below 30$. They have over 40+ years monitoring oil prices and clearly were not prepared for the severity in loss of commerce lately and the price of diesel. [2016-01-20 22:56:53] rapidtrades : Swedishnut: are they losing money with low oil or [2016-01-20 22:57:17] Swedishnut : yeah they buy fixed price 6 months or a year at a time [2016-01-20 22:57:50] REKT : Liquidated short on `XBT24H`: Buy 3000 @ 416.15 [2016-01-20 22:58:13] Swedishnut : from the way they laughed at me I am pretty sure they had just renewed at what they believed to be an all time awesome price of 42$ a barrel but I'm the black sheep [2016-01-20 22:58:32] rapidtrades : Swedishnut: :) [2016-01-20 22:58:58] rapidtrades : think a lot of us here are or were the black sheep in the family :) [2016-01-20 23:00:35] Swedishnut : I would have rather they listened to me last January 7th and cashed some of my private stock in for 197K and bought the BTC I had desired at 200$ might have lucked out to snap the 170s on the 11th but right now that would be 2x+ (400k ) and would be much better than the current stock cash out of 127k as it stands now... [2016-01-20 23:01:27] rapidtrades : Swedishnut: dam that sucks man [2016-01-20 23:02:41] Swedishnut : but its just another notch on the belt for me as I begged them to buy Nintendo when I was 8, sell a phone book company a year before they finally did for 1/4 the original offering, buying Google @ 75, Tesla at IPO. [2016-01-20 23:03:13] Swedishnut : its cool I've documented it all when they finally ask why I am cashing in my family stocks etc... [2016-01-20 23:08:43] rapidtrades : don't put it all in bitcoin :) [2016-01-20 23:08:58] micmix : are you guys all super long XBT now? [2016-01-20 23:09:10] rapidtrades : I just shorted some premium [2016-01-20 23:09:40] Swedishnut : Oh it isn't 240 acres already waiting for me to buggout to if apocalypse. [2016-01-20 23:11:01] chrisxbt : does the rekt bot still work? [2016-01-20 23:11:05] Swedishnut : today has been pretty unreal though none the less [2016-01-20 23:11:17] micmix : chrisxbt: yes [2016-01-20 23:11:54] tscha : micmix: hey :D yeah you missed quite some action [2016-01-20 23:12:10] REKT : Liquidated short on `XBT24H`: Buy 187 @ 423.35 [2016-01-20 23:12:18] tscha : micmix: pboc announcement if you haven't heard it [2016-01-20 23:13:22] MrJ1m : wwut? [2016-01-20 23:13:26] micmix : hi tscha, yeah, reading about it. not sure why would bitcoin rally on government crypto [2016-01-20 23:13:31] Akaiapc40 : this time...opened & already +136,40...lol [2016-01-20 23:14:02] rapidtrades : micmix: cos there's a lot of stupid ppl trading btc...if u haven't figured it out yet [2016-01-20 23:14:22] tscha : micmix: me neither. but I wasn't sure why bitcoin suffered at classic announcement either :D [2016-01-20 23:15:10] micmix : well I guess if the trend is up, it's up, doesn't matter war or famine [2016-01-20 23:15:28] tscha : long-term this might actually mean that China is more likely to ban bitcoin IMHO since it will issue an opposing crypto [2016-01-20 23:15:40] tscha : but who cares, just hop on the train... choo choo [2016-01-20 23:15:56] micmix : I'm not complaining, took some profit from my XBTH16 long [2016-01-20 23:16:04] rapidtrades : they prolly wont issue shit...it's China after alll [2016-01-20 23:16:10] Akaiapc40 : tscha: on board! [2016-01-20 23:16:10] REKT : Liquidated short on `XBT24H`: Buy 3749 @ 426.19 [2016-01-20 23:16:13] rapidtrades : they talk a big game and don't do antyhing [2016-01-20 23:17:02] micmix : time to reduce long position [2016-01-20 23:24:00] rapidtrades : reading bitcoinmarkets..lot of shorts bailing right about now [2016-01-20 23:27:01] chrisxbt : yup [2016-01-20 23:28:59] rapidtrades : lol flash crash on okc [2016-01-20 23:29:00] REKT : Have a bowl of chop-chop suey! [2016-01-20 23:29:00] REKT : Liquidated long on `XBT7D`: Sell 485 @ 422.45 [2016-01-20 23:29:06] rapidtrades : bulls ya'r fucked [2016-01-20 23:29:31] REKT : Liquidated long on `XBT24H`: Sell 40 @ 417.26 [2016-01-20 23:29:31] REKT : Liquidated long on `XBT24H`: Sell 1600 @ 416.63 [2016-01-20 23:29:40] Akaiapc40 : bounce [2016-01-20 23:29:46] rapidtrades : this is done [2016-01-20 23:30:02] rapidtrades : could've been a bull trap all along [2016-01-20 23:30:10] Akaiapc40 : up again? [2016-01-20 23:30:35] rapidtrades : we're not going anywhere...flat or down from here [2016-01-20 23:31:11] REKT : Liquidated short on `XBT24H`: Buy 100 @ 417.33 [2016-01-20 23:32:49] tscha : DPE 0%, good job BitMEX_Sam ? [2016-01-20 23:33:38] justinlooking : 428 r u fuckin kidding me [2016-01-20 23:35:24] rapidtrades : it's all fun and games until the big dick of the market enters ur behind [2016-01-20 23:40:33] zanza : were you short rapidtrades? [2016-01-20 23:41:05] rapidtrades : yeah im still short [2016-01-20 23:41:51] justinlooking : had to be a fat finger on okc... [2016-01-20 23:41:52] zanza : how it was just an arb [2016-01-20 23:41:57] zanza : hope* [2016-01-20 23:42:08] rapidtrades : no? I went naked short below 400 [2016-01-20 23:42:46] BitMEX_Arthur : sleger: you asked why quanto [2016-01-20 23:42:59] rapidtrades : welcome CEO [2016-01-20 23:43:09] rapidtrades : thoughts on the market? [2016-01-20 23:43:34] tscha : hey arthur, would be nice if you could clear something up [2016-01-20 23:43:44] BitMEX_Arthur : for specs it is better because of the infinite upside and limited downside of going long bitcoin [2016-01-20 23:44:18] BitMEX_Arthur : and with the high leverage and USD gamma leads to a more volatile market which traders and arb guys like [2016-01-20 23:45:29] tscha : BitMEX_Arthur: remember the sudden drop from 450 to ~415 at beginning of January? Right after the sudden move, long-term XBTs were clearly above fair price, because fair price on bitmex follows spot directly and long-terms expected a possible retracement since the basic outlook was quite stable. In situations like these (sudden movement + stable outlook), long terms are kinda laggish and don't follow spot in full extend immediately. Sleger on the other hand said (and I quote him here) "that doesnt make any sense. Spot is spot, it is 'correct'" and "that was only due to illiquidity since these contracts only exist here and are highly illiquid". Could you please clear this up since some users read slegers statements and got kinda misinformed. thanks :) [2016-01-20 23:46:58] rapidtrades : I would've read that if it didn't say tscha on top... [2016-01-20 23:47:17] justinlooking : hey rapidtrades u still trading from a kindle paperwhite? [2016-01-20 23:47:30] habibi : :D [2016-01-20 23:47:33] rapidtrades : no? [2016-01-20 23:47:58] justinlooking : dat experimental browser <3 [2016-01-20 23:48:01] BitMEX_Arthur : so what is the question why futures don't move exactly in line with spot? [2016-01-20 23:48:14] gouda : because they are the future [2016-01-20 23:48:27] rapidtrades : shut up cheese [2016-01-20 23:48:40] gouda : :***( [2016-01-20 23:48:45] BitMEX_Arthur : F = S * (1 + r*t [2016-01-20 23:49:07] rapidtrades : gouda: sorry I need to eat....getting grumpy brb folks [2016-01-20 23:49:13] BitMEX_Arthur : F = S * (1 + r*t) [2016-01-20 23:49:14] gouda : lol its all good [2016-01-20 23:49:22] BitMEX_Arthur : rt is time value [2016-01-20 23:49:24] chrisxbt : one thing also is to understand why futures even follow spot, because they eventually get settled at spot. [2016-01-20 23:49:31] REKT : Liquidated short on `XBT24H`: Buy 300 @ 422.44 [2016-01-20 23:49:38] BitMEX_Arthur : the longer the maturity the more time value [2016-01-20 23:49:52] BitMEX_Arthur : and that is why they are sticky [2016-01-20 23:50:10] BitMEX_Arthur : also the more spot moves the more valuable a quanta future is because it is a future volatility play [2016-01-21 00:07:53] tscha : BitMEX_Arthur: yes. that is correct. the my point though is: suppose at time t_0, spot starts at x and we have a bullish/stable movement to some point higher x. then a sudden drop to y<x occurs at t_1. my point is that the futures won't have lost as much value as they would have if we we had had a slow market decrease from x at t_0 to y at t_1, because as an immediate reaction, market includes a *possible* retracement in the valuation [2016-01-21 00:08:43] tscha : be it because of behavourial biases or something else [2016-01-21 00:19:12] j8 : it's the implied volatility moreso than the possibility of retracement. the basis should expand on a volatile move upwards too, by your argument it would contract [2016-01-21 00:22:51] tscha : j8: implied volatility is a factor too, indeed. however, I didn't say that for an opposite scenario, we get opposite results. in your case it would be pretty clear it wouldn't contract. [2016-01-21 00:24:27] BitMEX_Arthur : tscha: Over a very short time frame anything is possible [2016-01-21 00:25:38] tscha : j8: furthermore, "implied volatility" is not so much different from "expect possible retracements" :D [2016-01-21 00:26:45] justinlooking : noob question, does a perfect trend have zero volatility? [2016-01-21 00:27:01] j8 : thats true, anyway the premium of quanto over inverse should be basically just implied volatility, the inverse would also price in whatever expected moves [2016-01-21 00:28:04] j8 : justinlooking: yes a perfect exponential trend [2016-01-21 00:28:07] tscha : j8: the term "implied volatility" actually is the answer to the question I am asking [2016-01-21 00:28:52] justinlooking : j8: thanks. i shall verify and report back when less drunk ;) [2016-01-21 00:30:38] j8 : the trend is the mean of log-returns. the volatility is the standard deviation [2016-01-21 00:31:58] tscha : justinlooking: haha, haven't you left that island last week?