Marketplace excitement, with expert commentary, for your vicarious trading pleasure.

Thursday, 24 January, Year 5 d.Tr. | Author: Mircea Popescu

Jan 24 06:35:56 * Now talking on #bitcoin-assets

06:36:21 Namworld Sounds like it's time o beat June 2011 record... it's just a few thousand BTCs away.
06:36:24 Bugpowder Heyyo
06:36:32 Bugpowder ;;ticker
06:36:33 gribble BTCUSD ticker | Best bid: 18.15101, Best ask: 18.22999, Bid-ask spread: 0.07898, Last trade: 18.22999, 24 hour volume: 60278.80134135, 24 hour low: 16.80155, 24 hour high: 18.29413, 24 hour vwap: 17.43627

06:36:59 Bugpowder Also S.DICE can't stop. Up 12500.
06:37:20 jcpham Insanity.
06:37:52 Namworld It seems so.
06:38:17 Bugpowder 12.28 wall is half down now. Let's send clark moody another btctip.
06:39:38 Namworld lol... the wall gets eaten like nothing
06:39:48 Namworld ;;asks 40
06:39:49 gribble There are currently 47109.215 bitcoins offered at or under 40.0 USD, worth 1164362.98611 USD in total.

06:40:06 Namworld Looking good, looking good
06:40:25 assbot [MPEX] [S.MPOE] 19876 @ 0.0006117 = 12.1581 BTC [+]
06:40:57 Namworld mircea, crash that market or MPOE might have a poor month
06:42:01 mircea_popescu lol
06:42:01 Namworld ;;asks 40
06:42:03 gribble There are currently 47109.215 bitcoins offered at or under 40.0 USD, worth 1164362.98611 USD in total.

06:42:03 mircea_popescu ;;ticker
06:42:04 gribble BTCUSD ticker | Best bid: 18.15507, Best ask: 18.29412, Bid-ask spread: 0.13905, Last trade: 18.28501, 24 hour volume: 61945.37777144, 24 hour low: 16.80155, 24 hour high: 18.29413, 24 hour vwap: 17.46963

06:42:09 mircea_popescu whoa 18
06:42:15 jcpham and away
06:42:18 Bugpowder ;;bids 18
06:42:20 gribble There are currently 3398.7406 bitcoins demanded at or over 18.0 USD, worth 61271.7364514 USD in total.
06:42:23 jcpham we're off to the races
06:42:24 Bugpowder ;;asks 19
06:42:26 gribble There are currently 5220.8083 bitcoins offered at or under 19.0 USD, worth 97652.0922263 USD in total.
06:42:32 mircea_popescu bejeysus

06:42:34 Namworld 4k BTC just got eaten at 18.28
06:42:41 jcpham Sustained 20 plus dollar weekend.
06:42:43 Bugpowder 2.5k got eaten. 2k disappeared
06:42:51 Namworld Eh. Either way...
06:42:58 mircea_popescu Yup, 20 looks like it.
06:43:31 Namworld Seems like alot of activity on SD aaannnd lots of BTC being bought. At this rate SD will own 90% of all bitcoins.

06:43:46 Bugpowder Lol nah. Whales are not down THAT much.
06:43:58 mircea_popescu No see, the beauty of it ? They distribute it back out, which is the other half of the mpex advantage.
06:44:07 Namworld It's an hyperbole but yeah
06:44:07 mircea_popescu
06:44:17 mircea_popescu On one hand, bettor knows sd can raise *any* sum to pay out. On the other hand, BTC it makes as profit is not retained but pumped back out, so it never chokes the market.

06:44:36 Bugpowder SO thin
06:44:48 Bugpowder ;;asks 18.9
06:44:48 Namworld ;;asks 40
06:44:50 gribble There are currently 3361.8272 bitcoins offered at or under 18.9 USD, worth 62355.6748158 USD in total.
06:44:52 gribble There are currently 45338.516 bitcoins offered at or under 40.0 USD, worth 1131983.60822 USD in total.

06:45:11 Namworld I'm watching the 40 USD/BTC mark. Beat the 33 USD/BTC record.
06:45:12 Bugpowder Asks is out of sync with clarkmoody and mtgoxlive.
06:45:21 mircea_popescu Well, time to add more options I guess.

06:45:28 Bugpowder Yup. I want some C300Ns
06:45:54 mircea_popescu Bugpowder i was thinking move to 5-35. Cause what's the point of like, c04 ?
06:45:59 Namworld Oh yeah... you'll need to open more option choices, mircea
06:46:01 Bugpowder Yeah.

06:47:00 assbot [MPEX] [S.MPOE] 6500 @ 0.00059943 = 3.8963 BTC [-]
06:50:23 assbot [MPEX] [S.MPOE] 1045 @ 0.00059943 = 0.6264 BTC [-]
06:50:25 assbot [MPEX] [S.MPOE] 5633 @ 0.00059897 = 3.374 BTC [-]
06:51:29 assbot [MPEX] [S.DICE] 1000 @ 0.00558478 = 5.5848 BTC [-]
06:52:42 Namworld ;;asks 40
06:52:44 gribble There are currently 44530.428 bitcoins offered at or under 40.0 USD, worth 1117547.30645 USD in total.

06:52:58 Namworld keeps going down a thousand or 2 every few minutes. I'd like to see the record broken. Would probably tumble down afterward.
06:53:46 Bugpowder QQQ is down 1.5% AH just due to the drop in APPL share value AH. ONLY that. AAPL is 15%.
06:54:26 jcpham ;;bids 13
06:54:27 gribble There are currently 84574.66 bitcoins demanded at or over 13.0 USD, worth 1333995.0604 USD in total.
06:54:32 jcpham ;;asks 99
06:54:34 gribble There are currently 48697.266 bitcoins offered at or under 99.0 USD, worth 1393283.24391 USD in total.

06:55:39 Bugpowder Thought this might happen when half the 18.01 bidwall disappeared :)
06:55:42 Bugpowder ;;ticker
06:55:43 gribble BTCUSD ticker | Best bid: 18.30001, Best ask: 18.80000, Bid-ask spread: 0.49999, Last trade: 18.80000, 24 hour volume: 64138.46494394, 24 hour low: 16.80155, 24 hour high: 18.80000, 24 hour vwap: 17.51189

06:55:48 Bugpowder Lol 18.8.
06:56:04 mircea_popescu Whoa! .5 gap ?!
06:56:20 Bugpowder ;;ticker
06:56:24 gribble BTCUSD ticker | Best bid: 18.30101, Best ask: 18.34768, Bid-ask spread: 0.04667, Last trade: 18.34768, 24 hour volume: 64163.91848394, 24 hour low: 16.80155, 24 hour high: 18.80000, 24 hour vwap: 17.51222

06:56:28 Bugpowder Trades are still going off on clarkmoody.
06:56:36 mircea_popescu Best bid: 18.30001, Best ask: 18.80000, this is to be preserved.
06:56:44 Bugpowder ding ding ding ding I love it with the sound on.
06:57:11 Namworld That's because all the asks have been eaten.
06:57:14 Bugpowder That was exactly HALF the bid wall at 18.01. There is still another half.
06:57:22 Namworld Now it's getting a real buying frenzy.
06:57:24 jcpham It looks like the rocket.
06:57:31 Namworld Rollercoaster time. I hope it stabilize at 20
06:57:55 mircea_popescu It might actually touch 50.
06:58:01 Namworld Eheheh.
06:58:05 mircea_popescu Basically wtf, I can't add option lines as fast as the market moves.
06:58:06 Bugpowder 20 is not a point of stability dude. That is a bifurcation point.
06:58:21 mircea_popescu Bugpowder exactly. It decides : 50s or teens.
06:58:25 Bugpowder Well.... you can add them tomorrow.
06:58:30 jcpham I thought it would slow down since it is getting late.
06:58:38 Bugpowder It's morning in JAPAN.
06:58:41 jcpham This must be a differnet hemisphere.
06:58:44 mircea_popescu It's like 7am here.
06:58:53 Bugpowder Yeah its lunch in Japan.
06:59:02 Namworld ;;asks 19
06:59:04 gribble There are currently 2432.2725 bitcoins offered at or under 19.0 USD, worth 46000.0249847 USD in total.

06:59:07 Bugpowder ;;bc,24hprc
06:59:08 gribble 17.42
06:59:09 Namworld =/
06:59:12 Bugpowder Come on. 17.42.
06:59:16 mircea_popescu Holy cow. 50k usd to 19 ?
06:59:38 Namworld It's just pure insanity...
06:59:42 mircea_popescu Ahahaha am I glad I NEVER sold any BTC. Ever.
06:59:44 Namworld Going crazy.
06:59:50 mircea_popescu By now even the 60 I bought at 15 each are clear.
06:59:58 Namworld I just sold my 20k S.DICE to buy calls...
07:00:13 Bugpowder ;;asks 18.9
07:00:13 Namworld My BitVPS investment is fixed. Can't cash it out... otherwise I'd have purchased more calls...
07:00:16 gribble There are currently 612.68654 bitcoins offered at or under 18.9 USD, worth 11454.7319722 USD in total.

07:00:16 jcpham All the coins are just being sucked up.
07:00:23 mircea_popescu Dude jesus god.
07:01:22 Bugpowder 18.01 wall just disappeared. Brace yourself.
07:01:28 mircea_popescu ;;ticker
07:01:29 gribble BTCUSD ticker | Best bid: 18.53598, Best ask: 18.58998, Bid-ask spread: 0.05400, Last trade: 18.53598, 24 hour volume: 66488.29922688, 24 hour low: 16.80155, 24 hour high: 19.00000, 24 hour vwap: 17.56372

07:01:35 Bugpowder A green candle is coming.
07:01:58 Namworld It's going to be a bad month for MPOE if the frenzy doesn't stop soon.
07:02:08 mircea_popescu The thing that's most worrisome is that the volume is appalingly low.
07:02:14 Namworld Yes.
07:02:19 mircea_popescu Price movement like this w/o like 2-500k of BTC traded ? It's not over then.
07:02:26 Namworld ;;asks 25
07:02:27 gribble There are currently 26176.486 bitcoins offered at or under 25.0 USD, worth 560171.712749 USD in total.
07:02:31 Namworld ;;asks 200
07:02:32 mircea_popescu ;;asks 50
07:02:33 gribble There are currently 61802.524 bitcoins offered at or under 200.0 USD, worth 3080707.99888 USD in total.
07:02:34 gribble There are currently 41578.264 bitcoins offered at or under 50.0 USD, worth 1093314.0675 USD in total.

07:02:41 mircea_popescu It may get 50.
07:02:41 Namworld There's like no asks. Maybe.
07:02:48 mircea_popescu Yeah cause nobody wants to sell. Basically the buyers were liek, o, no need to buy this. Sellers were like, fuck this with reward halving im not selling... and well... this actually reminds me of the Chernobyl nuclear accident. Once the gas got eaten up it went critical.
07:03:59 assbot [MPEX] [S.MPOE] 11152 @ 0.00060096 = 6.7019 BTC [+]
07:07:45 assbot [MPEX] [S.MPOE] 3676 @ 0.00059897 = 2.2018 BTC [-]
07:08:33 Bugpowder ;;bids 18
07:08:35 gribble There are currently 3303.8523 bitcoins demanded at or over 18.0 USD, worth 60034.255995 USD in total.

07:09:23 mircea_popescu Ok, options 20-35 added. Bot will be quoting on the next tick. If it fucks up I *may* stop trade and rollback, so fair warning.
07:10:23 Namworld As long as it's only past this moment...
07:10:34 mircea_popescu Hm ?
07:10:38 Namworld You can roll that back all you want
07:10:55 mircea_popescu A, strictly MPOE bot trades if it fucks up quoting. I had it tested past few days on test system but you know how it is...
07:12:54 Bugpowder S.DICE up 15,000
07:12:54 Namworld I mean I already bought options prior to you rolling 20-35 out.
07:13:05 Bugpowder Quit yer bitchin'!
07:13:05 Namworld And I'm out of cash so I hardly care about that 20-35 options being rolled back.
07:14:02 Bugpowder MPOE only has asks over 21 no bids.
07:14:18 mircea_popescu Ok, bot is quoting fine. Oeration complete. Here's to me hoping I won't be adding another 5000 db lines tomorrow lol.
07:14:52 assbot [MPEX] [S.DICE] 400 @ 0.00558478 = 2.2339 BTC [-]
07:15:00 Bugpowder Short the P350Ns. Oh yeah!
07:15:14 mircea_popescu Bugpowder yeah, it doesn't have itams. Will get them after tomorrow.
07:17:29 mircea_popescu ;;ticker
07:17:30 gribble BTCUSD ticker | Best bid: 18.51620, Best ask: 18.66893, Bid-ask spread: 0.15273, Last trade: 18.66894, 24 hour volume: 68145.34624156, 24 hour low: 16.80155, 24 hour high: 19.00000, 24 hour vwap: 17.59925

07:20:26 Bugpowder I think that 19 is a bad print. Clark moody always barfs about 340 users. Damn.
07:20:59 mircea_popescu ;;ticker
07:21:00 gribble BTCUSD ticker | Best bid: 18.70355, Best ask: 18.80000, Bid-ask spread: 0.09645, Last trade: 18.80000, 24 hour volume: 69541.42671625, 24 hour low: 16.80155, 24 hour high: 19.00000, 24 hour vwap: 17.62273

07:21:11 mircea_popescu I don't think it is, there was a run-up earlier.
07:21:29 Bugpowder It hit 18.80 and stopped.
07:21:42 mircea_popescu Btcchartsi has it too :
mtgox-24jan2013

07:21:52 Bugpowder I was watching.
07:21:53 mircea_popescu I think it was like that one time sdice sold for 18.
07:21:58 Bugpowder That trade never happened. The candle formed and then the top got added later.
07:22:06 mircea_popescu Bugpowder maybe the feed isn't all that good.
07:22:38 Bugpowder Yah. Who knows. But all the asks would ahve been cleaned out to 19. And they were only cleand to 18.80.
07:22:55 mircea_popescu I would strongly suspect the feeds are shit actually. Since nobody involved even knows what a feed is.
07:23:17 Bugpowder I can't tell what is happening without the dings.
07:23:36 mircea_popescu Funny how disorienting numbers alone can be, innit.
07:24:04 Namworld Use this: http://www.bitcoincharts.com/markets/mtgoxUSD.html more accurate, refreshes often. The askwall at 20 is under 20k BTC now. Getting eaten.
07:25:03 Bugpowder Or removed. Funny how that works.
07:25:05 assbot [MPEX] [S.MPOE] 13500 @ 0.00059897 = 8.0861 BTC [-]
07:25:24 mircea_popescu Lol
07:25:26 Bugpowder hey.... that order I placed 6 months ago to sell at 20! Now that we are getting close, I'm gonna raise the price. OO. I was wrong. Asks are clear to 19
07:27:18 assbot [MPEX] [O.BTCUSD.C170T] 1000 @ 0.06560548 = 65.6055 BTC [+]
07:27:40 Namworld People buying calls =/
07:27:43 assbot [MPEX] [O.BTCUSD.C180T] 1000 @ 0.05290351 = 52.9035 BTC [+]
07:27:56 assbot [MPEX] [O.BTCUSD.C190T] 1000 @ 0.05290351 = 52.9035 BTC [+]

07:28:02 Namworld Not sure I'd have bought those C190T...
07:28:03 assbot [MPEX] [O.BTCUSD.C200T] 1000 @ 0.05290351 = 52.9035 BTC [+]
07:28:08 Namworld Or C200T...
07:28:13 Bugpowder Idiots
07:28:19 mircea_popescu Hum.
07:28:21 Bugpowder Fucking idiots.
07:28:24 mircea_popescu Seems like a gamble.
07:28:24 Namworld Buy the C170T! They're the best priced!
07:28:28 Bugpowder Dude. You pay the same for 18-20. Did you really need it NOW rather than in 5 minutes.
07:28:51 Namworld Who bought those?
07:29:10 Bugpowder The 160s are the best priced actually.
07:29:11 mircea_popescu Yeah good point.
07:29:20 Namworld I bought 1800 C170T earlier... Instead of C160, they were better priced but I'd have gotten less.
07:29:40 Bugpowder I bot 1000 C160 last thursday on the first candle. Then 1400 more. Also short 400 P200s. And some C140s short (like 100 contracts).
07:30:05 Namworld Good call.
07:30:15 mircea_popescu That doesn't sound too bad. Wait short c140 ?!
07:30:23 Bugpowder Well... from early in the month.
07:30:41 Namworld Eh.
07:30:45 Bugpowder I bot the 160s to hedge. Overhedged. Over over hedged, speculated...
07:31:07 assbot [MPEX] [O.BTCUSD.C170T] 1000 @ 0.07060548 = 70.6055 BTC [+]
07:31:08 assbot [MPEX] [O.BTCUSD.C180T] 1000 @ 0.05560548 = 55.6055 BTC [+]
07:31:13 assbot [MPEX] [O.BTCUSD.C190T] 1000 @ 0.05560548 = 55.6055 BTC [+]
07:31:15 assbot [MPEX] [O.BTCUSD.C200T] 1000 @ 0.05560548 = 55.6055 BTC [+]

07:31:19 Bugpowder Fucking tard. I should short some 200s.
07:31:47 mircea_popescu Lol taking EVERYTHING.
07:31:56 Bugpowder Maybe he wants 50,000 contracts. Then it might make sense, but will probably end in tears.
07:32:03 mircea_popescu Quite possible.
07:32:08 Namworld If the guy has lots of BTC...
07:32:26 mircea_popescu Namworld well if you look at it, the whole set is 200 btc. Like a S.DICE bet.
07:32:34 Namworld What if he also wants to buy lots of BTC with cash?
07:32:57 Bugpowder Ask wall down. Buy coming?
07:33:09 Namworld lol...
07:33:17 Bugpowder Love it. Some HFT shit going on right now. All this AND S.DICE is now up 15k. I fucking love today
07:35:05 assbot [MPEX] [O.BTCUSD.P330T] 1000 @ 0.87869415 = 878.6942 BTC
07:35:07 assbot [MPEX] [O.BTCUSD.P340T] 1000 @ 0.93571518 = 935.7152 BTC
07:35:12 assbot [MPEX] [O.BTCUSD.P350T] 1000 @ 0.99273622 = 992.7362 BTC

07:35:14 assbot [MPEX] [S.MPOE] 2698 @ 0.00060096 = 1.6214 BTC [+]
07:35:14 assbot [MPEX] [S.MPOE] 11802 @ 0.00060395 = 7.1278 BTC [+]
07:35:16 mircea_popescu oookay...
07:35:17 Bugpowder Oh...now THATS what I'm talking about!
07:35:31 assbot [MPEX] [O.BTCUSD.C200T] 5 @ 0.05560548 = 0.278 BTC [+]
07:35:37 Bugpowder Wish I could afford it. MPBOR gonna have a high % this month.
07:36:07 mircea_popescu Lol from 2 to 12k BTC exposure in 5 minutes.
07:37:09 Namworld Was that someone buying puts?
07:37:22 mircea_popescu Looks like selling.
07:37:31 mircea_popescu ;;ticker
07:37:31 gribble BTCUSD ticker | Best bid: 18.52651, Best ask: 18.66998, Bid-ask spread: 0.14347, Last trade: 18.68888, 24 hour volume: 68734.46498675, 24 hour low: 16.80155, 24 hour high: 19.00000, 24 hour vwap: 17.65469

07:38:08 Namworld Hmm, selling. If it goes down back even 2-3 BTC, that seller will bite his fingers.
07:39:19 mircea_popescu Yeah its pretty risky. Then again, it could go up too.
07:39:53 Namworld Mine is too. If average price doesn't go and stay at 18 or over, I lose some or all my 100 BTC. Althought that's not too much.
07:40:02 assbot [MPEX] [S.DICE] 88 @ 0.00575 = 0.506 BTC [+]
07:40:04 assbot [MPEX] [S.DICE] 1362 @ 0.00576956 = 7.8581 BTC [+]
07:40:33 mircea_popescu I guess it all depends if one major holder decides to take 18 and exit.
07:40:34 assbot [MPEX] [O.BTCUSD.C170T] 1000 @ 0.07060548 = 70.6055 BTC [+]
07:40:35 assbot [MPEX] [O.BTCUSD.C180T] 1000 @ 0.05560548 = 55.6055 BTC [+]
07:40:41 assbot [MPEX] [O.BTCUSD.C190T] 1000 @ 0.05560548 = 55.6055 BTC [+]
07:40:42 assbot [MPEX] [O.BTCUSD.C200T] 1000 @ 0.05560548 = 55.6055 BTC [+]
07:40:53 mircea_popescu Sorta like a staring game.
07:41:04 assbot [MPEX] [O.BTCUSD.P330T] 1000 @ 0.87549036 = 875.4904 BTC [-]
07:41:06 assbot [MPEX] [O.BTCUSD.P340T] 1000 @ 0.93241431 = 932.4143 BTC [-]
07:41:07 assbot [MPEX] [O.BTCUSD.P350T] 1000 @ 0.98933826 = 989.3383 BTC [-]
07:41:31 assbot [MPEX] [O.BTCUSD.C200T] 5 @ 0.05560548 = 0.278 BTC [+]
07:42:28 mircea_popescu This is certainly going to be record option volume month.
07:42:59 mircea_popescu ;;ticker
07:42:59 gribble BTCUSD ticker | Best bid: 18.53259, Best ask: 18.65989, Bid-ask spread: 0.12730, Last trade: 18.53258, 24 hour volume: 71118.31556065, 24 hour low: 16.80155, 24 hour high: 19.00000, 24 hour vwap: 17.68502

07:43:08 jcpham Boosh.
07:43:14 assbot [MPEX] [S.MPOE] 11100 @ 0.00060395 = 6.7038 BTC [+]
07:44:14 mircea_popescu Hm is it stabilizing at 18.5 ?
07:44:28 jcpham Looks like it.
07:44:37 mircea_popescu Not a bad price after all.
07:44:48 jcpham Sort of ridiculous to predict. Not a bad days work.
07:45:00 mircea_popescu Watch it flashcrash lol.
07:45:07 jcpham Doh.
07:45:39 mircea_popescu Truth is tho, there's an asymmetry at work. If price goes up it's much easier to add BTC to exchanges to quench it than if it goes down and you have to send wires and wait for a week. So upswings more likely to be accurate than downswings.
07:46:43 Bugpowder Yah.
07:46:55 mircea_popescu ;;ticker
07:46:56 gribble BTCUSD ticker | Best bid: 18.53261, Best ask: 18.55000, Bid-ask spread: 0.01739, Last trade: 18.59997, 24 hour volume: 71460.90656065, 24 hour low: 16.80155, 24 hour high: 19.00000, 24 hour vwap: 17.69050

07:46:59 Bugpowder Takes a week now with wires? I usually got mine next day with gox.
07:47:13 mircea_popescu Bugpowder I dunno I never did it myself. Sorta guessing. Ever tried one the other way around btw?
07:47:26 Bugpowder ACH was slow. I was never able to withdraw successfully. Also I couldn't deposit either from BoFA. They wouldn't wire the money to that account.
07:47:42 mircea_popescu Heh.
07:47:44 dust-otc Wires take ~3 days international.
07:48:06 mircea_popescu dust-otc ya but that's in case ppl are half competent.
07:48:11 mircea_popescu Bugpowder lol BOFA haters.
07:48:24 Bugpowder Tangible was way better anyway. And I changed my mind and rebought with the money I wanted to withdraw. A happy ending.
07:48:47 mircea_popescu Haha
07:48:48 mircea_popescu ;;ticker
07:48:49 gribble BTCUSD ticker | Best bid: 18.55000, Best ask: 18.63493, Bid-ask spread: 0.08493, Last trade: 18.55000, 24 hour volume: 71498.59656065, 24 hour low: 16.80155, 24 hour high: 19.00000, 24 hour vwap: 17.69095

07:48:56 mircea_popescu It's stopped is it ?
07:50:27 Namworld Nope, still lowering askwall
07:50:47 Namworld ;;asks 20
07:50:48 gribble There are currently 17129.008 bitcoins offered at or under 20.0 USD, worth 334360.435189 USD in total.
07:50:58 assbot [MPEX] [O.BTCUSD.C170T] 1000 @ 0.07060548 = 70.6055 BTC [+]
07:51:00 assbot [MPEX] [O.BTCUSD.C180T] 1000 @ 0.05560548 = 55.6055 BTC [+]
07:51:00 assbot [MPEX] [O.BTCUSD.C190T] 1000 @ 0.05560548 = 55.6055 BTC [+]
07:51:02 assbot [MPEX] [O.BTCUSD.C200T] 1000 @ 0.05560548 = 55.6055 BTC [+]
07:51:35 Bugpowder CRACK HEAD. BUY THE 160s. Better yet, BUY THE COINS.
07:52:23 mircea_popescu Yah it's odd not the 160s.
07:52:33 Bugpowder At least we know which way the well funded buyer wants the price to move.
07:52:36 assbot [MPEX] [O.BTCUSD.P330T] 1000 @ 0.87442485 = 874.4249 BTC [-]
07:52:38 assbot [MPEX] [O.BTCUSD.P340T] 1000 @ 0.93131651 = 931.3165 BTC [-]
07:52:39 assbot [MPEX] [O.BTCUSD.P350T] 1000 @ 0.98820817 = 988.2082 BTC [-]
07:52:42 mircea_popescu ;;ticker
07:52:43 gribble BTCUSD ticker | Best bid: 18.53503, Best ask: 18.59997, Bid-ask spread: 0.06494, Last trade: 18.53503, 24 hour volume: 71924.62261705, 24 hour low: 16.80155, 24 hour high: 19.00000, 24 hour vwap: 17.69668

07:52:50 mircea_popescu Heh.
07:52:52 Bugpowder Dude! How much is the deposit on those?
07:53:15 mircea_popescu Bugpowder i dunno, 2.xk a pop ?
07:53:45 Bugpowder so around 20,000
07:53:58 mircea_popescu Boys, I have a theory, and i doubt you'll like it. I think MPEx quenched the rally. Basically people have been adding ~7-8k of notional BTC exposure every 10 minutes for the past half hour, and since then... well... not much action on gox. If these trades unwound there it'd have pushed volume over 100k I guess.
07:54:08 Bugpowder It comes in bursts.
07:54:28 jcpham Not really a bad thing if you ask me. Something should slow those trades a bit when it gets like that.
07:54:45 mircea_popescu jcpham I guess that's a point yeah.
07:54:58 jcpham It's like you said you can feed it coins and control the rise. Or maybe you can't anymore... today has been wild followed bya week of wild.
07:55:25 mircea_popescu I'm not trading in the underlying market. And even if I were, fuck me if I'd sell BTC in a blowup. That's a recipe for going bankrupt.
07:55:41 jcpham O.
07:56:02 Bugpowder Yah. Who wants to sell at 20 with a decent shot at 50.
07:56:58 mircea_popescu Anyway, if anyone cares max pain is like 17.8 or some shit.
07:57:24 jcpham And what did we start the day at ? 14? 14.24?
07:57:37 Bugpowder No.
07:57:40 mircea_popescu 17.0 ?
07:57:47 mod6 Yeah 17.
07:57:48 jcpham Something like that i where i started keeping track.
07:57:50 mircea_popescu Ya but was like last week.
07:57:52 jcpham Am I day behind ? I'm tired, no more talk.
07:58:12 Bugpowder U are a week behind, 14 was last thurs.
07:58:35 jcpham My days are running together.
07:58:46 Bugpowder Put down the pipe.
07:58:50 mircea_popescu lol
07:58:52 jcpham Maybe that. It's thursday though, right ? Or about to be.
07:59:41 mod6 Yea.
07:59:46 mircea_popescu yeah.
08:00:37 assbot [MPEX] [O.BTCUSD.C170T] 1000 @ 0.07060548 = 70.6055 BTC [+]
08:00:43 assbot [MPEX] [O.BTCUSD.C180T] 1000 @ 0.05560548 = 55.6055 BTC [+]
08:00:45 assbot [MPEX] [O.BTCUSD.C190T] 1000 @ 0.05560548 = 55.6055 BTC [+]
08:00:46 assbot [MPEX] [O.BTCUSD.C200T] 1000 @ 0.05560548 = 55.6055 BTC [+]
08:02:46 Bugpowder FFS
08:03:05 assbot [MPEX] [O.BTCUSD.C200T] 4 @ 0.05560548 = 0.2224 BTC [+]
08:03:12 Bugpowder Lol! How can someone with so many coins be so bad at math?
08:04:53 assbot [MPEX] [O.BTCUSD.P330T] 1000 @ 0.8680571 = 868.0571 BTC [-]
08:04:55 assbot [MPEX] [O.BTCUSD.P340T] 1000 @ 0.9247558 = 924.7558 BTC [-]
08:04:56 assbot [MPEX] [O.BTCUSD.P350T] 1000 @ 0.9814545 = 981.4545 BTC [-]
08:06:04 Namworld Maybe he just has so much coins, he just HAS to buy these calls/sell these puts or else it's too slow. Then he buys a large stack on MtGox and poof.
08:06:30 Bugpowder If he has 30,000BTC he can afford the 160s. Hmmm yeah. If he has 30,000 BTC on MPEX he could have 30,000 BTC worth of currency to make plays on Gox too.
08:07:00 Namworld He might want quantity over current value.
08:07:36 Bugpowder Shit. I wish I was a player like that.
08:08:04 assbot [HAVELOCK] [SDICE] 27 @ 0.56000001 = 15.12 BTC [-]

08:10:15 mircea_popescu Or maybe he just has a diff price target in mind. If say he thinks it really does go to 50 makes sense to spend 50 per call rather than 100 per call. Even if the strike is 1 dollar less.
08:10:41 assbot [MPEX] [S.MPOE] 2685 @ 0.00059897 = 1.6082 BTC [-]
08:10:42 assbot [MPEX] [S.MPOE] 13915 @ 0.00059725 = 8.3107 BTC [-]
08:11:00 assbot [MPEX] [O.BTCUSD.C170T] 1000 @ 0.07060548 = 70.6055 BTC [+]
08:11:02 assbot [MPEX] [O.BTCUSD.C180T] 1000 @ 0.05560548 = 55.6055 BTC [+]
08:11:03 assbot [MPEX] [O.BTCUSD.C190T] 1000 @ 0.05560548 = 55.6055 BTC [+]
08:11:05 assbot [MPEX] [O.BTCUSD.C200T] 1000 @ 0.05560548 = 55.6055 BTC [+]
08:11:10 Namworld There he goes again...
08:11:14 mircea_popescu Moreover, if he's for whatever reason short usd, like having taken in btc obligations and usd assets, he HAS to insure against the 50 price. And 5% per BTC may seem like good insurance.
08:11:52 assbot [MPEX] [O.BTCUSD.P330T] 1000 @ 0.8680571 = 868.0571 BTC [-]
08:11:54 assbot [MPEX] [O.BTCUSD.P340T] 1000 @ 0.9247558 = 924.7558 BTC [-]
08:11:56 assbot [MPEX] [O.BTCUSD.P350T] 1000 @ 0.9814545 = 981.4545 BTC [-]
08:12:03 mircea_popescu Ummm actually, that's not even what the bot quotes. Hahaha dude actually put up walls on the Cs and walked away.
08:12:04 Namworld Mircea, should be getting tempting for you to crash MtGox price...
08:12:23 mod6 I'm starting to wonder if someones bot went on derp mode.
08:12:43 Bugpowder Yeah.
08:12:46 Namworld Eheh
08:13:00 mircea_popescu Namworld not rly.
08:13:15 Namworld Eh.
08:13:17 mircea_popescu I kinda like this "s.mpoe worth 600k btc x 50 a pop" business.
08:13:18 Bugpowder Wait, walls on the P330-350s?
08:13:24 mircea_popescu Bugpowder on the calls.
08:13:27 Namworld Well that too. But seems like MPOE will have a bad month. I think people mostly got calls.
08:13:58 mircea_popescu Possibly.
08:13:59 Namworld Well, always the next month to earn it back if it doesn't go down soon.
08:14:02 Bugpowder Depends what will happen.
08:14:13 Namworld Yeah
08:14:14 Bugpowder MPOE averages at 12% return a month. Sometimes you gotta have a bad month.
08:14:30 mircea_popescu ^^ that.
08:14:39 Namworld Indeed.
08:14:56 mircea_popescu Course I don't thinkl it's underwater atm.
08:15:01 mircea_popescu ;;ticker
08:15:02 gribble BTCUSD ticker | Best bid: 18.50713, Best ask: 18.56289, Bid-ask spread: 0.05576, Last trade: 18.56299, 24 hour volume: 69393.03593511, 24 hour low: 16.80155, 24 hour high: 19.00000, 24 hour vwap: 17.73777

08:15:16 mircea_popescu Bugpowder no bursts dude. Rally died. I'ma go eat.
08:15:41 Namworld ;;asks 20
08:15:43 gribble There are currently 17210.139 bitcoins offered at or under 20.0 USD, worth 335788.636849 USD in total.

08:15:56 Bugpowder Bed time. Don't crash on me.
08:15:58 Namworld Ah well no movement.
08:16:11 Bugpowder I am happy with a churn at 18.50
08:16:14 mod6 I think everyone is just resetting their bids, etc.
08:16:29 * Namworld watches BTC goes to 0.01 USD each and back to 10 while bugpowder sleeps
08:16:37 mod6 Yeah, floor @ 18.50, but might kick back into gear later.
08:16:54 mod6 Heh. We'll see :)
08:20:44 assbot [MPEX] [O.BTCUSD.C180T] 1000 @ 0.05560548 = 55.6055 BTC [+]
08:20:45 assbot [MPEX] [O.BTCUSD.C190T] 1000 @ 0.05560548 = 55.6055 BTC [+]
08:20:51 assbot [MPEX] [O.BTCUSD.C200T] 1000 @ 0.05560548 = 55.6055 BTC [+]
08:22:09 assbot [MPEX] [O.BTCUSD.P330T] 1000 @ 0.86700001 = 867 BTC [-]
08:22:11 assbot [MPEX] [O.BTCUSD.P340T] 1000 @ 0.92366667 = 923.6667 BTC [-]
08:22:12 assbot [MPEX] [O.BTCUSD.P350T] 1000 @ 0.98033334 = 980.3333 BTC [-]
08:22:51 Namworld Well... lots of puts
08:24:34 mod6 I think the 1695 wall @ 18.56 is about to fall here... err 18.59.
08:29:06 assbot [MPEX] [S.MPOE] 9950 @ 0.00059982 = 5.9682 BTC [+]
08:29:06 assbot [MPEX] [S.MPOE] 7789 @ 0.00060197 = 4.6887 BTC [+]
08:30:11 assbot [MPEX] [O.BTCUSD.C180T] 1000 @ 0.05560548 = 55.6055 BTC [+]
08:30:13 assbot [MPEX] [O.BTCUSD.C190T] 1000 @ 0.05560548 = 55.6055 BTC [+]
08:30:14 assbot [MPEX] [O.BTCUSD.C200T] 1000 @ 0.05560548 = 55.6055 BTC [+]
08:31:18 * Bugpowder has quit (Ping timeout: 245 seconds)
08:32:13 mircea_popescu http://www.zerohedge.com/news/2013-01-23/oldest-bank-world-plunges-halted-chairman-resigns-aftermath-latest-derivatives-fiasc
08:32:17 mircea_popescu meanwhile back at the ranch
08:32:36 mircea_popescu ;;ticker
08:32:37 gribble BTCUSD ticker | Best bid: 18.48982, Best ask: 18.65502, Bid-ask spread: 0.16520, Last trade: 18.65503, 24 hour volume: 69401.90200137, 24 hour low: 16.80155, 24 hour high: 19.00000, 24 hour vwap: 17.76489

08:32:43 assbot [MPEX] [O.BTCUSD.P330T] 1000 @ 0.8659441 = 865.9441 BTC [-]
08:32:45 assbot [MPEX] [O.BTCUSD.P340T] 1000 @ 0.92257877 = 922.5788 BTC [-]
08:32:46 assbot [MPEX] [O.BTCUSD.P350T] 1000 @ 0.97921344 = 979.2134 BTC [-]
08:37:15 assbot [MPEX] [S.MPOE] 5810 @ 0.00059725 = 3.47 BTC [-]
08:37:17 assbot [MPEX] [S.MPOE] 10590 @ 0.00059639 = 6.3158 BTC [-]
08:37:26 Namworld Wall at 17 approaching 20k. Wall at 20 still around 17k. But mostly nothing seems to be happening.
08:38:17 mod6 Gotta reshuffle before the next leg up :)
08:39:14 assbot [MPEX] [S.DICE] 1000 @ 0.00569482 = 5.6948 BTC [-]
08:39:20 assbot [MPEX] [S.DICE] 2100 @ 0.00568117 = 11.9305 BTC [-]
08:39:22 assbot [MPEX] [S.DICE] 1100 @ 0.00561477 = 6.1762 BTC [-]
08:39:23 assbot [MPEX] [S.DICE] 1700 @ 0.0054503 = 9.2655 BTC [-]
08:39:25 assbot [MPEX] [S.DICE] 148 @ 0.0054045 = 0.7999 BTC [-]
08:39:26 assbot [MPEX] [S.DICE] 500 @ 0.00536136 = 2.6807 BTC [-]
08:39:27 assbot [MPEX] [S.DICE] 300 @ 0.00531943 = 1.5958 BTC [-]
08:39:28 assbot [MPEX] [S.DICE] 217 @ 0.00531943 = 1.1543 BTC [-]
08:39:30 assbot [MPEX] [S.DICE] 1619 @ 0.00531942 = 8.6121 BTC [-]
08:39:31 assbot [MPEX] [S.DICE] 10000 @ 0.0053 = 53 BTC [-]
08:39:32 assbot [MPEX] [S.DICE] 10000 @ 0.00525003 = 52.5003 BTC [-]
08:39:33 assbot [MPEX] [S.DICE] 15000 @ 0.00525002 = 78.7503 BTC [-]
08:39:33 assbot [MPEX] [S.DICE] 2350 @ 0.00523421 = 12.3004 BTC [-]
08:39:35 assbot [MPEX] [S.DICE] 20000 @ 0.00515 = 103 BTC [-]
08:39:36 assbot [MPEX] [S.DICE] 543 @ 0.0051312 = 2.7862 BTC [-]
08:39:37 assbot [MPEX] [S.DICE] 1000 @ 0.00513118 = 5.1312 BTC [-]
08:39:38 assbot [MPEX] [S.DICE] 50000 @ 0.005 = 250 BTC [-]
08:39:39 assbot [MPEX] [S.DICE] 2314 @ 0.004901 = 11.3409 BTC [-]
08:39:40 assbot [MPEX] [S.DICE] 32 @ 0.00455003 = 0.1456 BTC [-]
08:39:41 assbot [MPEX] [S.DICE] 1100 @ 0.00430001 = 4.73 BTC [-]
08:39:43 assbot [MPEX] [S.DICE] 1592 @ 0.00360676 = 5.742 BTC [-]
08:39:44 assbot [MPEX] [S.DICE] 1800 @ 0.00319 = 5.742 BTC [-]
08:39:44 assbot [MPEX] [S.DICE] 900 @ 0.00180002 = 1.62 BTC [-]
08:39:45 assbot [MPEX] [S.DICE] 250000 @ 0.0018 = 450 BTC [-]
08:39:46 assbot [MPEX] [S.DICE] 4160 @ 0.0014 = 5.824 BTC [-]
08:39:48 assbot [MPEX] [S.DICE] 10 @ 0.001 = 0.01 BTC [-]

08:39:50 mod6 wow

08:40:39 assbot [MPEX] [O.BTCUSD.C180T] 1000 @ 0.05560548 = 55.6055 BTC [+]
08:40:41 assbot [MPEX] [O.BTCUSD.C190T] 1000 @ 0.05560548 = 55.6055 BTC [+]
08:40:42 assbot [MPEX] [O.BTCUSD.C200T] 985 @ 0.05560548 = 54.7714 BTC [+]
08:41:07 assbot [MPEX] [S.DICE] 15000 @ 0.00085848 = 12.8772 BTC [-]
08:44:20 mircea_popescu what the...
08:44:33 mircea_popescu 18!?
08:45:32 mircea_popescu !ticker m s.dice
08:45:34 assbot [MPEX:S.DICE] 1D: 0.00085848 / 0.00346605 / 0.00614098 (510717 shares, 1,770.17 BTC), 7D: 0.00085848 / 0.0041628 / 0.00614098 (831795 shares, 3,462.60 BTC), 30D: 0.00085848 / 0.00413204 / 0.00614098 (10072631 shares, 41,620.58 BTC)
08:45:44 mircea_popescu o.o
08:46:08 assbot [MPEX] [O.BTCUSD.P330T] 1000 @ 0.8659441 = 865.9441 BTC [-]
08:46:10 assbot [MPEX] [O.BTCUSD.P340T] 1000 @ 0.92257877 = 922.5788 BTC [-]
08:46:11 assbot [MPEX] [O.BTCUSD.P350T] 1000 @ 0.97921344 = 979.2134 BTC [-]
08:46:55 assbot [MPEX] [S.DICE] 4109 @ 0.00576956 = 23.7071 BTC [+]
08:46:57 assbot [MPEX] [S.DICE] 2500 @ 0.00587903 = 14.6976 BTC [+]
08:46:58 assbot [MPEX] [S.DICE] 1350 @ 0.00592581 = 7.9998 BTC [+]
08:46:59 assbot [MPEX] [S.DICE] 10000 @ 0.00609998 = 60.9998 BTC [+]
08:47:00 assbot [MPEX] [S.DICE] 4500 @ 0.00609999 = 27.45 BTC [+]
08:47:01 assbot [MPEX] [S.DICE] 2828 @ 0.00610559 = 17.2666 BTC [+]
08:47:02 assbot [MPEX] [S.DICE] 6200 @ 0.00614 = 38.068 BTC [+]
08:47:04 assbot [MPEX] [S.DICE] 2000 @ 0.006199 = 12.398 BTC [+]
08:47:05 assbot [MPEX] [S.DICE] 440 @ 0.00619997 = 2.728 BTC [+]
08:47:06 assbot [MPEX] [S.DICE] 10000 @ 0.00619998 = 61.9998 BTC [+]
08:47:07 assbot [MPEX] [S.DICE] 10000 @ 0.00619999 = 61.9999 BTC [+]
08:47:08 assbot [MPEX] [S.DICE] 1259 @ 0.00623784 = 7.8534 BTC [+]
08:47:10 assbot [MPEX] [S.DICE] 10000 @ 0.00639999 = 63.9999 BTC [+]
08:47:10 assbot [MPEX] [S.DICE] 20000 @ 0.00648999 = 129.7998 BTC [+]
08:47:11 assbot [MPEX] [S.DICE] 10000 @ 0.00649 = 64.9 BTC [+]
08:47:12 assbot [MPEX] [S.DICE] 10000 @ 0.00659999 = 65.9999 BTC [+]
08:47:13 assbot [MPEX] [S.DICE] 10000 @ 0.00679999 = 67.9999 BTC [+]
08:47:14 assbot [MPEX] [S.DICE] 1658 @ 0.0068 = 11.2744 BTC [+]
08:47:15 assbot [MPEX] [S.DICE] 8881 @ 0.00699 = 62.0782 BTC [+]
08:47:22 mircea_popescu Wtf is this !?
08:47:27 mod6 I have no clue
08:47:28 Namworld Someone stop fucking...
08:47:29 asa1024 Wtf.
08:47:36 mircea_popescu Jesus fuck this is like, 1000s of btc.
08:47:53 mircea_popescu 08:41:07 assbot [MPEX] [S.DICE] 15000 @ 0.00085848 = 12.8772 BTC [-]
08:48:05 mircea_popescu For fucks sake, that's like 12% of price. And the chinese just announced they're moving the yuan on gold standard.
08:48:55 mod6 Officially?
08:49:04 mircea_popescu Sorta. China is taking over. Period.
08:49:55 Namworld All praise our new overlords!
08:50:27 mircea_popescu http://live.coinbr.com/?mpsic=S.DICE jurov your graphs are broken :D Namworld I seriously would prefer a world run by China to a world run by the US.
08:51:00 Namworld I prefer a world run by neither.
08:51:09 mircea_popescu Ya well.
08:51:39 lautaro Hahahaha! You have not dealt much with the chinese, just wait
08:51:49 mircea_popescu lautaro o ?
08:51:54 mircea_popescu ;;ticker
08:51:55 gribble BTCUSD ticker | Best bid: 18.46013, Best ask: 18.58879, Bid-ask spread: 0.12866, Last trade: 18.60000, 24 hour volume: 68374.97603495, 24 hour low: 16.80155, 24 hour high: 19.00000, 24 hour vwap: 17.78022
08:52:11 mircea_popescu !ticker m s.dice
08:52:13 assbot [MPEX:S.DICE] 1D: 0.00085848 / 0.0040434 / 0.00699 (636442 shares, 2,573.39 BTC), 7D: 0.00085848 / 0.00445507 / 0.00699 (957520 shares, 4,265.82 BTC), 30D: 0.00085848 / 0.00415986 / 0.00699 (10198356 shares, 42,423.80 BTC)

08:52:29 mircea_popescu That shit was insane.
08:52:43 lautaro Could this explain the buying in S.DICE: havelockinvestments.com ?
08:54:31 mircea_popescu lautaro that was there for a while iirc.
08:54:36 mircea_popescu !ticker h sdice
08:54:37 assbot [HAVELOCK:SDICE] 1D: 0.53000000 / 0.56207879 / 0.58900000 (165 shares, 92.74300018 BTC), 7D: 0.48100000 / 0.54793774 / 0.62000000 (792 shares, 433.96668952 BTC), 30D: 0.37000000 / 0.47047986 / 0.62000000 (4336 shares, 2040.00068950 BTC)
08:55:05 assbot [MPEX] [S.MPOE] 13290 @ 0.00059639 = 7.926 BTC [-]
08:55:07 assbot [MPEX] [S.MPOE] 8610 @ 0.00059613 = 5.1327 BTC [-]
08:55:08 assbot [BTCTC] [RSM] 27 @ 0.009 = 0.243 BTC [+]
08:55:10 assbot [MPEX] [O.BTCUSD.P330T] 1000 @ 0.8659441 = 865.9441 BTC [-]
08:55:11 assbot [BTCTC] [RSM] 80 @ 0.009 = 0.72 BTC [+]
08:55:12 assbot [MPEX] [O.BTCUSD.P340T] 1000 @ 0.92257877 = 922.5788 BTC [-]
08:55:13 assbot [MPEX] [O.BTCUSD.P350T] 1000 @ 0.97921344 = 979.2134 BTC [-]
08:55:29 Namworld Too much trading occuring.
08:56:32 mircea_popescu Yup, mpex like 117k volume. Was 80s yest.
08:56:53 mod6 Haha, just a few hours ago.
08:56:55 Namworld Hmm... congrats, I suppose.
08:59:58 assbot [BTCTC] [RSM] 1 @ 0.0068 BTC [-]
09:00:57 Namworld Now would someone be nice enough to loan me some assets on BTCT.co?
09:01:21 assbot [BTCTC] [RSM] 2 @ 0.0067 = 0.0134 BTC [-]
09:02:19 mircea_popescu ;;ticker
09:02:20 gribble BTCUSD ticker | Best bid: 18.49144, Best ask: 18.58700, Bid-ask spread: 0.09556, Last trade: 18.58699, 24 hour volume: 68970.80981326, 24 hour low: 16.80155, 24 hour high: 19.00000, 24 hour vwap: 17.79120
09:03:40 * Bugpowder (47ab6a02@gateway/web/freenode/ip.71.171.106.2) has joined #bitcoin-assets
09:03:43 Bugpowder DA FUCK!
09:03:47 Bugpowder S.DICE!
09:03:48 mircea_popescu Hi wb.
09:03:52 mod6 Lol.
09:03:58 mircea_popescu Poor bugsy, can't sleep lol.
09:04:18 Bugpowder Peed.
09:04:21 Bugpowder Checked phone.
09:04:26 mircea_popescu BOOM.
09:04:28 Bugpowder Now I have the capital for the calls. FUCKING A. The stink bid strategy works again.
09:04:42 mircea_popescu Haha wait, you bought cheap sdice ?
09:04:42 assbot [MPEX] [S.MPOE] 15200 @ 0.00060197 = 9.1499 BTC [+]
09:04:46 Bugpowder No, I had asks up.
09:04:52 mircea_popescu You sold ? A ok.
09:05:10 Bugpowder How many went off at .001 ?
09:05:18 mircea_popescu There were 15k at .0008.
09:05:30 mod6 Snipe.
09:05:31 Namworld Someone probably reversed price and amount on that S.DICE. Wanted to sell 50000 @ 500000 for example but sold 500 000 at 50000 and ate all the bids.
09:05:34 Bugpowder Mother fukkker. Yeah.
09:05:48 mircea_popescu Namworld you think ?
09:05:55 Namworld I'd guess so...
09:05:57 Bugpowder Definitey.
09:05:58 mircea_popescu You know what this is actually possible. O wow poor fucker.
09:06:08 Namworld Same stupid shit happened on GLBSE, except almost daily.
09:06:17 Bugpowder This is why I paid jurov to code the confirmation warning into pyMPEX. I did the same thing 2 weeks ago, but smaller scale. 5BTC.
09:06:29 mircea_popescu Money well spent
09:06:43 Namworld Yes.
09:06:47 Bugpowder Now it tells me the total BTC before being sold.
09:06:48 mircea_popescu That 450 btc ? thart's like what, 20k dollah lost.
09:06:54 Bugpowder I lost like 30BTC on that trade, and never was able to buy back all teh shares.
09:07:26 mircea_popescu If this is what happened someone's axing his computar right about now.
09:07:44 Bugpowder It is definitely what happened. The numbers make perfect sense.
09:08:12 mircea_popescu I guess they do.
09:08:24 Bugpowder !ticker m s.dice
09:08:26 assbot [MPEX:S.DICE] 1D: 0.00085848 / 0.0040434 / 0.00699 (636442 shares, 2,573.39 BTC), 7D: 0.00085848 / 0.00445404 / 0.00699 (956758 shares, 4,261.44 BTC), 30D: 0.00085848 / 0.00415986 / 0.00699 (10198356 shares, 42,423.80 BTC)

09:08:29 Bugpowder Ok. Not using that vwap for my current valuation.
09:08:42 Namworld Ah, and to say I removed my bids for S.DICE at around 0.0018. I could have 60k S.DICE right now. At the expense of someone else, of course.
09:08:53 mircea_popescu They sold close to the month's dividend I guess... Bugpowder lmao why not!
09:09:30 Bugpowder I am usaging that shit for a day.
09:09:44 mircea_popescu Hahaha. "I am usaging" lmao.
09:10:52 dust-otc I read it as "usagi-ing that shit" for a day.
09:10:59 mircea_popescu I'm sure it's what he meant.
09:11:07 Bugpowder 60K of my shares got bot too. So it went up then down?
09:12:09 Namworld Down then 20 seconds after, up.
09:12:12 mod6 Down then up. After the dump there was ~500`000 @ .00085848 for about 30 seconds
09:12:39 Namworld Probably someone going holy fucking shit @&*$@* dumb me fuckin @$@#... :O Damn.
09:12:59 mod6 Then the buy for 15`000, then the rest was pulled, and then someone bought hard. I couldn't hardly believe my eyes, was O.O.
09:13:42 mircea_popescu mod6 lol people be watching the tickers I guess.
09:14:24 Namworld Yeah, definitly someone interchanging price and amount to sell.
09:14:33 mod6 Yeah. :/
09:14:36 Namworld Want to sell a bit at high price, sold a lot at low price. Or he wanted 0.008.... make a large sell wall. A small error can cost a lot when placing a trade order. Biggest I made was a 50 BTC loss.
09:15:10 mircea_popescu It's the nature of the beast. Talking directly into the pit, results follow.

09:15:20 Bugpowder My better than ponzi portfolio performance continues up parabolically
ponzi-24jan2013

09:16:07 Namworld Can I get in on that, bug?
09:16:17 Bugpowder 2 and 10. Sure.
09:16:28 mircea_popescu Bugpowder that is totally a ponzi man. Srsly now.
09:16:36 Namworld What are you doing exactly?
09:16:48 Bugpowder Trading MPEx.
09:16:51 mircea_popescu He's buying s.dice at 60 and selling at 18.
09:16:56 Bugpowder Lol.
09:16:58 mircea_popescu Or no wait. Vice-versa. Dang, i mixed them up...
09:17:25 Bugpowder I'm buying S.DICE at 34 and selling at 54.
09:17:32 mircea_popescu O, did you miss the 32 ?
09:17:33 Bugpowder And buying at 48 And selling at 69900.
09:17:48 mircea_popescu Lol.
09:17:50 Bugpowder Yes, I was not yet with us.
09:17:56 Namworld Ok, I'll give you 1 BTC and come back next year for my 200 000 BTC.
09:17:58 mircea_popescu Did you make enough for a russian mail order bride yet ?
09:18:15 Bugpowder How much do those cost?
09:18:41 mircea_popescu I have no idea. like a used camry ?
09:18:47 mod6 Lol. So about $1200.
09:18:58 Bugpowder Yeah I got a whole used car lot then.
09:19:13 mircea_popescu Get one for you, one for your wife,
09:19:16 mircea_popescu and one for the family dog.
09:19:31 Bugpowder I was just talking to her about this topic. If I keep this up I will trade or sell coins and buy a Tesla model S. And get a plate that says BTCAR.
09:20:19 mircea_popescu Ahahah
09:20:20 Bugpowder Or BTC CAR. Or BITCAR. Or something like that.
09:20:30 mircea_popescu Runs on lulzmoney.
09:20:33 Bugpowder Her idea.
09:20:37 mod6 Haha.
09:20:49 Namworld 25k for a good one. But you can get as low as $2000, but the girl might have a pronounced Adam's apple. I recommend not being a cheapskate.
09:20:57 Bugpowder Best $2,000 investment evar.
09:20:57 mircea_popescu Ye see this here car ? I bought myselv this here car on Internet funny money. And I pay for the electricity through mining for lulz.
09:21:14 Bugpowder Maybe Elon will trade me one for bitcoins.
09:21:47 mircea_popescu Namworld I dunno dood, that Murmansk miner didn't sound like he'd ask for 25k.
09:22:14 Bugpowder 27,000 short puts at 330-350?!? That guy has enough capital to move the market.
09:22:20 Namworld Yeah, totally making prices up anyway.
09:22:44 Bugpowder Thats at least 60,000 BTC in deposits.
09:22:50 mircea_popescu Bugpowder maybe its the btc he bought on gox.
09:22:55 Namworld I lost the opportunity of cheap S.DICE. Because I bought 1800 calls at 17.
09:23:12 Bugpowder Hahhah.
09:23:17 mircea_popescu Lmao.
09:23:18 Namworld Would have loved to catch those cheap S.DICE.
09:23:29 mircea_popescu MPEx. No matter what you do, you'll regret it. Like Willy Wonka's chocolate fabriquator.
09:23:35 Bugpowder The current great idea is rarely the best.
09:23:50 Namworld Eh, you can't have capital in escrow on everything.
09:23:55 mircea_popescu Why not ?
09:24:15 Namworld Well you can, but only by spreading what you have available.
09:24:23 mircea_popescu That's a point.
09:24:28 Namworld I sunk about 450 BTC in S.BVPS and had 100 BTC left. I had a large order for lowball S.DICE before. But I wanted CALLS.
09:24:41 Bugpowder Seriously though... this guy buys 30,000 calls, shorts 27,000 puts 16 hours before opex... I think he is going to make a play to push the price.
09:25:01 mircea_popescu Bugpowder why do you think it;s the same dood ?
09:25:15 mircea_popescu ;;ticker
09:25:15 gribble BTCUSD ticker | Best bid: 18.34886, Best ask: 18.47000, Bid-ask spread: 0.12114, Last trade: 18.47776, 24 hour volume: 69656.34524887, 24 hour low: 16.80155, 24 hour high: 19.00000, 24 hour vwap: 17.82456

09:25:19 Bugpowder Because they went off at the same time. Similar size, and stopped together too.
09:25:34 mircea_popescu Rally looks well spent actually. Maybe in a few hours it starts over.
09:25:45 mircea_popescu No they didn't, the calls are still on the books. Bot ran out.
09:25:54 Bugpowder Ah. Whats the total exposure?
09:26:15 mircea_popescu Imo it's obviously two diff guys. Other than very diff economics involved, one put in a calls order and left, the other kept doing market orders to wipe the bot. Like 60k.
09:26:33 Namworld MPEx bot ran out?
09:26:37 mircea_popescu Well yes.
09:26:44 Namworld That explains why options are no longer sold...
09:26:47 Bugpowder MPBOR of 25%.
09:26:58 mircea_popescu It originally had 5k of any option, but then I expanded him to 8k. Bugpowder for sure max interest asked. And actually on the 170s, check out the spread hehe 0.07060548 / 0.07286167.
09:28:58 Bugpowder If he put up a simlar bid on the 160s id be tempted to cash it. But... they must know something is coming. Might. Might know.
09:29:21 mircea_popescu I think the call buys are pure fear. Someone owing 10-20k btcs and having dollars. So they went fuck it, lose some coins, not lose the house.
09:29:37 Bugpowder Yah. That makes sense.
09:29:47 mircea_popescu Whereas the puts are speculative, expects price increase.
09:30:03 Bugpowder Well I'm glad im on their team.
09:30:09 mircea_popescu But there's no way to explain why he only bought the cheap calls and all of them other than because he was thinking "infinite price".
09:30:37 Bugpowder Really need sleep. Im fucked tomorrow now.
09:30:46 mircea_popescu Go ahead and sleep, it's an excellent trigger for interesting shit.
09:30:56 mod6 Haha. Be right back in 15 minutes.
09:31:06 mircea_popescu Lol. I dunnop what can happen anymore tho. Maybe bbet sells out.
09:32:11 mod6 :]

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  1. The graph time is GMT. The chatlog time is GMT -2. Thus 7 am on the chat is 5 am on the graph. []
Category: Zsilnic
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4 Responses

  1. Berry Vines`s avatar
    1
    Berry Vines 
    Thursday, 28 May 2020

    It's a shame you don't have a donate button! I'd without a doubt donate to this outstanding blog!

  2. Mircea Popescu`s avatar
    2
    Mircea Popescu 
    Thursday, 28 May 2020

    Maybe one day.

  1. [...] I'm pretty sure MPEx killed the rally. Hate it or love it, c'est la [...]

  2. [...] saw options in the 20 - 35 strike range added towards the end of the month, which temporarily dented, but certainly didn't kill the rally. Fraction strikes which were [...]

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