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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[2016-10-18 01:12:51] dasdfasdf : Should be only 30 hours
[2016-10-18 01:13:55] BitMEX_Greg : dasdfasdf: Take a read of https://z.cash/blog/slow-start-and-mining-ecosystem.html
[2016-10-18 01:14:08] dasdfasdf : 5000 blocks
[2016-10-18 01:14:21] dasdfasdf : 2.5 minute blocks
[2016-10-18 01:14:31] dasdfasdf : so 8 and half days
[2016-10-18 01:15:22] BitMEX_Greg : "In order to give the network and its development some breathing room, Zcash is implementing a slow-start mechanism for the first 20,000 blocks (or about 34 days)"
[2016-10-18 01:16:34] dasdfasdf : ahh
[2016-10-18 01:17:21] dasdfasdf : Was looking at old blog post :O
[2016-10-18 01:17:39] BitMEX_Greg : Yeah they updated it a few weeks back I think
[2016-10-18 03:38:22] REKT : Liquidated short on `ETHXBT`: Buy 105 @ 0.01897
[2016-10-18 04:05:08] REKT : Liquidated short on `ETHXBT`: Buy 13213 @ 0.01928
[2016-10-18 04:05:08] REKT : Liquidated short on `ETHXBT`: Buy 20 @ 0.01928
[2016-10-18 04:07:20] shiroe : That rekt
[2016-10-18 04:47:16] sally : hello, why the bitmex price not accurate on ETH? It looks rigged?
[2016-10-18 04:47:38] sally : is this whats its usually like trading here?
[2016-10-18 04:51:02] jordanbitfort : we been below eth price all day now its stuck lol?
[2016-10-18 04:51:42] sally : now it sits so high above its confusing
[2016-10-18 04:52:24] sally : how can you trade something when the price is false?
[2016-10-18 04:53:42] BitMEX_Wally : If you think the price of ETHXBT is too high then sell it
[2016-10-18 04:54:01] sally : What a great idea. Idid
[2016-10-18 04:55:08] sally : but this site must be rigged with market makers because the price is nowhere near polo price
[2016-10-18 04:55:44] sally : you can trade good on polo but you cant trade here with this rubbish
[2016-10-18 04:57:11] BitMEX_Wally : It's not 'rigged' the market trades at whatever price it wants.
[2016-10-18 04:57:21] BitMEX_Wally : Positions are marked to the underlying Poloniex price
[2016-10-18 04:57:30] BitMEX_Wally : So there is no benefit to manipulation
[2016-10-18 04:58:37] BitMEX_Wally : We offer 33x leverage for ETHXBT and lots of people want to join the recent +5% rally, that might explain why it is trading at a premium right now
[2016-10-18 04:58:47] sally : yeah but "who" is the market? Its obvious one person
[2016-10-18 04:59:22] sally : So now its up %5 everyone on the site wants to buy at the premium?
[2016-10-18 04:59:56] BitMEX_Wally : I see 4 different market makers active in the order book
[2016-10-18 05:00:50] sally : LOL WHAT. You can see the orders??? If you can see everyones orders this is a joke
[2016-10-18 05:01:11] BitMEX_Wally : Are you trolling?
[2016-10-18 05:01:17] sally : 1500, 500, 100 and 10 is not "4" people?
[2016-10-18 05:01:27] BitMEX_Wally : They are 4 different accounts
[2016-10-18 05:01:41] sally : And your watching everyones orders?
[2016-10-18 05:02:00] BitMEX_Wally : You made a false claim, so I looked at the order book
[2016-10-18 05:02:53] sally : ETH is trading at a premium otherwise the person making the books would be paying up. Thats why
[2016-10-18 05:06:53] shiroe : it is rigged.
[2016-10-18 05:07:57] sally : they need more active traders for liquidity or they scam to make ends meets
[2016-10-18 05:08:16] BitMEX_Wally : How exactly is this a 'scam'?
[2016-10-18 05:08:33] sally : someone should look into this site
[2016-10-18 05:09:31] sally : Scams come in all shapes and sizes. This one comes in the form of dodgy fraudulent books
[2016-10-18 05:09:44] BitMEX_Wally : You think the orders in the order book are not real?
[2016-10-18 05:09:52] BitMEX_Wally : You can hit those bids, I assure you
[2016-10-18 05:10:42] sally : they are real we all know that. But sure let me buy ETH up to .02 with 20 ETH order lol
[2016-10-18 05:11:37] sally : and to short at 1971 and then never to cover because the system wont allow your buy back lower
[2016-10-18 05:12:09] sally : Theres no shame in what you guys are doing, its a pretty smart scam and I give it credit
[2016-10-18 05:12:09] BitMEX_Wally : You would need an order for 5409 ETHXBT contracts to push the price up to 0.02
[2016-10-18 05:12:43] sally : yep, it just changed. Before it was only a handful
[2016-10-18 05:13:02] BitMEX_Wally : If you short at 0.01971 then you would earn the funding rate on ETHXBT
[2016-10-18 05:13:12] BitMEX_Wally : And your position would be marked to the Poloniex price
[2016-10-18 05:13:43] sally : marked doesnt matter. only what you ca cover at
[2016-10-18 05:14:01] BitMEX_Wally : The funding rate will bring the premium down
[2016-10-18 05:14:07] BitMEX_Wally : It is self correcting
[2016-10-18 05:14:09] sally : wow. 0.0068% in 7 hours is irrelevant
[2016-10-18 05:14:16] BitMEX_Wally : Predicted Funding Rate: 0.8831% in 15 hours
[2016-10-18 05:14:44] sally : In 7 hrs this scalp is irrelevant
[2016-10-18 05:15:05] sally : there needs to be a disclaimer on the site
[2016-10-18 05:15:30] sally : full details of the scam so we know the rules of it
[2016-10-18 05:16:05] BitMEX_Wally : There is no scam, you're just trolling
[2016-10-18 05:16:47] BitMEX_Wally : You can read the contract specs here: https://www.bitmex.com/app/contract/ETHXBT
[2016-10-18 05:16:57] BitMEX_Wally : and the swaps guide here: https://www.bitmex.com/app/swapsGuide
[2016-10-18 05:18:10] sally : I read it but there is nothing about how the person who makes the orders will make them false?
[2016-10-18 05:18:53] BitMEX_Wally : 'the person who makes the orders will make then false'
[2016-10-18 05:18:54] BitMEX_Wally : This makes no sense
[2016-10-18 05:19:29] BitMEX_Wally : All orders in the order book are real
[2016-10-18 05:19:34] BitMEX_Wally : You can place your own orders in the order book
[2016-10-18 05:19:47] sally : ok. So who makes the orders on the books decides to make them false where they are a lie
[2016-10-18 05:19:50] BitMEX_Wally : They are matched fairly according to price then time priority
[2016-10-18 05:20:16] BitMEX_Wally : What do you mean 'a lie'?
[2016-10-18 05:20:19] sally : so if ETH on polo is trading at 1, they make it trade .9 here
[2016-10-18 05:20:32] BitMEX_Wally : THat's not a lie, that's an arbitrage opportunity
[2016-10-18 05:21:02] sally : lol how so? It never corrects unless it in favour
[2016-10-18 05:21:14] sally : or it would be great arbitrage
[2016-10-18 05:21:21] sally : and I can live off this site
[2016-10-18 05:21:22] BitMEX_Wally : There are 1538 contracts of ETHXBT on the bid at 0.01968 and that's not a lie, that is the price someone is prepared to pay. You can sell into that order, and go long on Poloniex and make money
[2016-10-18 05:21:58] sally : ok why dont you go and do this then?
[2016-10-18 05:22:05] BitMEX_Wally : You would effectively be providing liquidity on the short side to balance against retail going long
[2016-10-18 05:22:23] BitMEX_Wally : BitMEX and its employees do not trade on BitMEX as it would be a conflict of interest
[2016-10-18 05:22:50] sally : lol. its ok I know you guys do but I would too
[2016-10-18 05:23:18] sally : use my account and get that arbitrage ? You have my permission
[2016-10-18 05:23:22] BitMEX_Wally : Hah, you sound like XMRer
[2016-10-18 05:23:43] muirtastic : I doubt they do but I'm not omniscient like you claim to be, so I do know know for sure.
[2016-10-18 05:23:47] sally : what the hell is that, or who the hell is that more like it?
[2016-10-18 05:24:07] BitMEX_Wally : Sure, email your Poloniex login details to support@bitmex.com because to do that arb we would need to hedge the position
[2016-10-18 05:24:44] sally : Ok now I have confirmed the scam: Mods begging for my polo log in details.
[2016-10-18 05:28:10] BitMEX_Wally : Sounds like you need to make a Reddit post
[2016-10-18 05:32:44] XXXX : That escalated quickly. I believe there is no ill intent from Bitmex but I sure do agree that Bitmex need to educate traders more about difference between a regular exchange and CFD sites like Bitmex.
[2016-10-18 05:34:24] sally : They do some little dodgy things which is ok and normal but the disclosure is needed for education
[2016-10-18 05:34:25] XXXX : Bitmex assumes that all traders have forex trading background which is not the case. many noobs here too trying their hands at leveraged crypto trading.
[2016-10-18 05:35:23] sally : just keep the price on the mark and its all very simple
[2016-10-18 05:40:13] micmix : sally: "keep the price on the mark"? so if I want to buy above polo price I shouldn't be allowed to place an order?
[2016-10-18 06:02:12] REKT : Liquidated short on `ZECZ16`: Buy 70 @ 0.180017
[2016-10-18 06:02:12] REKT : Liquidated short on `ZECZ16`: Buy 2 @ 0.186250
[2016-10-18 06:12:30] XXXX : ZEC parity with bitcoin coming soon. All shorters will get REKT.
[2016-10-18 06:14:03] XXXX : If ZEC gets added on poloniex on Day 1, then there will be circa 100 ZEC in circulation by the time it hits exchange. I cannot even imagine the fomo it will create to grab ZEC.
[2016-10-18 06:19:28] Kahir : yes
[2016-10-18 06:19:31] Kahir : first 2 weeks
[2016-10-18 06:19:41] Kahir : it can easy hit 1 btc per zcash
[2016-10-18 06:24:52] XXXX : Kahir: After 1 week of launch there will be 6000 ZEC available. At 1 BTC per ZEC it is a market cap of < 4 million USD. I am sure a lot of traders will think that that is a very low marketcap for such a great coin and push the price even further. I know ZEC price will settle down after initial weeks but during the first week or so 1 ZEC has to be at least equal to 1 BTC to quench the fomo of traders.
[2016-10-18 06:33:57] REKT : Liquidated short on `ZECZ16`: Buy 4 @ 0.201397
[2016-10-18 06:38:54] KingLISK : When is next trading session on ZEC?
[2016-10-18 06:42:52] REKT : Liquidated short on `ETHXBT`: Buy 77 @ 0.01965
[2016-10-18 07:03:23] rapidtrades : yo
[2016-10-18 07:12:11] wurstgelee : KingLISK: next session? the contract expiry is in 2 months....
[2016-10-18 07:18:46] rapidtrades : wurstgelee: i said yo, b1tch
[2016-10-18 07:20:01] rapidtrades : or is Sieg Heil more appropriate for your people?
[2016-10-18 07:23:34] XXXX : what does the "S" and "B" in the extreme right column of "recent Trades" indicate? any trading pros here?
[2016-10-18 07:23:35] wurstgelee : you said yo before i said anything here. so i wasnt adressee
[2016-10-18 07:31:37] micmix : XXXX: sell/buy - the taker's side
[2016-10-18 07:56:18] KingLISK : wurstgelee: Yea know, but when the limits on the contract change. It says that it changes each trading session. Not totally sure what that means, maybe at rebalance..
[2016-10-18 08:00:41] chromaticcr1 : that should happen in 4 hours @KingLISK
[2016-10-18 08:01:25] KingLISK : Aight, thanks!
[2016-10-18 08:02:27] chromaticcr1 : pop'em shorts ;)
[2016-10-18 08:05:16] XXXX : KingLISK: every eight hours. next session starts 4 hrs from now. for example ZEC is only allowed to change 25% up or 25% down in each 8 hour session.
[2016-10-18 08:05:43] KingLISK : Oh, only 25%? Where does it say that? :)
[2016-10-18 08:06:27] XXXX : KingLISK: https://www.bitmex.com/app/contract/ZECZ16 see the table for up and down limit.
[2016-10-18 08:48:22] Tetsuo : like i said, there goes ETH , 5 fools tried to argue with me yesterday
[2016-10-18 08:50:08] RocketScience : 1% funding on eth in 9 hours. Talking about fomo
[2016-10-18 08:51:24] Tetsuo : WOW, brutal. I´m going to have my longs closed by that time
[2016-10-18 08:54:58] rapidtrades : wait so if next is 1%...the one after that won't be lower then 0.75% right
[2016-10-18 08:55:44] RocketScience : It's like tsunami and we are on the coast
[2016-10-18 08:59:39] Tetsuo : it´s like a tall rapist on viagra lurking in an alley, waiting for you to come by
[2016-10-18 08:59:46] zanza : isn't funding capped?
[2016-10-18 09:01:29] BitMEX_Wally : Yes, it's capped at 75% of IM-MM which is 75% of 1.5% for ETHXBT
[2016-10-18 09:07:06] RocketScience : Give me fomo, give me fire, give me fork that i desire!
[2016-10-18 09:07:52] REKT : Liquidated long on `ETC7D`: Sell 115 @ 0.001646
[2016-10-18 09:09:52] RocketScience : orwellian double fork
[2016-10-18 09:13:40] RocketScience : Etc people camn't decide to delete empty bloat accounts, because it was the "will" of someone to create them and it would be against free will and immutability to delete something totally useless xD
[2016-10-18 09:18:19] RocketScience : It's like keeping 10GB empty torrent file without seeders
[2016-10-18 09:43:52] REKT : Liquidated short on `REP7D`: Buy 775 @ 0.008551
[2016-10-18 11:17:31] dasdfasdf : What is the execution price of liquidation fill?
[2016-10-18 11:18:45] dasdfasdf : [2016-10-18 04:05:08] REKT : Liquidated short on `ETHXBT`: Buy 13213 @ 0.01928
[2016-10-18 11:21:52] dasdfasdf : execution price in the "fills" tab
[2016-10-18 11:26:27] BitMEX_Wally : The execution price seen in the fills tab when a user is liquidated is the bankruptcy price. The liquidation email sent to the user has the details
[2016-10-18 11:56:01] rapidtrades : finally some good fudning
[2016-10-18 11:57:41] rapidtrades : why is china $6 higher?
[2016-10-18 11:58:13] rapidtrades : buttfinex busy faking the crap out of volume again
[2016-10-18 11:59:38] justinlooking : Wally, the tooltips in orderbook size column values are borked
[2016-10-18 12:06:47] justinlooking : offer side size is double borked. Hover an offer side and it says "You are bidding 1000 contract at . "
[2016-10-18 12:07:30] rapidtrades : justinlooking: let me guess...u made that nick when u weren't sure about this site
[2016-10-18 12:07:32] justinlooking : Testnet is same. "Total" columns tooltips show correct values so copy them
[2016-10-18 12:07:47] rapidtrades : then u stayed here but were too lazy to change it
[2016-10-18 12:07:48] justinlooking : who says i'm sure now :P
[2016-10-18 12:10:49] BitMEX_Wally : justinlooking: Thanks, I'll look into it
[2016-10-18 12:11:03] wurstgelee : good look guessing how i chose the name... ;)
[2016-10-18 12:18:21] rapidtrades : wurstgelee: sausage jelly
[2016-10-18 12:19:05] wurstgelee : 1:1 translation, grats
[2016-10-18 12:19:11] wurstgelee : thats not the answer tho
[2016-10-18 12:20:04] rapidtrades : u were eating some weird stuffed sausage the night u singed up here
[2016-10-18 12:20:48] rapidtrades : i know it was night cos u work 9-5
[2016-10-18 12:20:56] wurstgelee : and?
[2016-10-18 12:21:00] wurstgelee : i am working right now
[2016-10-18 12:21:13] wurstgelee : that doesnt stop me from being here
[2016-10-18 12:22:35] wurstgelee : also i dont do exactly 9-5. more like "~ 9-11 to 16-18 in case i dont stay at @ home office"
[2016-10-18 12:23:41] rapidtrades : yeah keep telling yourself that
[2016-10-18 12:23:46] rapidtrades : sausage boy
[2016-10-18 12:27:10] MrRGnome : You are one to talk, law degree. That should be your new name around here. Why are you obsessed with a percieved superiority over people working a certain schedule i.e. 9-5?
[2016-10-18 12:38:20] rapidtrades : ^ another nine-to-fiver
[2016-10-18 12:50:58] sally : rapidtrades made his fortune scamming new bitmex users so he can now troll full time
[2016-10-18 12:53:39] RocketScience : we fund rapidtrades every 8 hours :D
[2016-10-18 12:53:55] rapidtrades : sally: who the f*ck are u hoe
[2016-10-18 12:54:32] sally : rapidtrades: your long lost sister
[2016-10-18 12:54:53] RocketScience : I am your father!
[2016-10-18 12:58:31] rapidtrades : RocketScience: in that case where's my $100 asshole?
[2016-10-18 12:59:04] RocketScience : funding is negative today son, you better pay me up!
[2016-10-18 13:05:09] rapidtrades : http://www.zerohedge.com/news/2016-10-18/are-millennials-hopeless
[2016-10-18 13:06:56] RocketScience : god save the queen
[2016-10-18 13:14:29] BTCDJS : sally: sassy sally
[2016-10-18 13:20:57] MrRGnome : happy eth fork all
[2016-10-18 13:28:22] REKT : Liquidated short on `ETHXBT`: Buy 1614 @ 0.01986
[2016-10-18 13:29:09] messiaen8844 : GBPUSD long live the queen :D
[2016-10-18 13:59:53] laisee : bid side is fairly *dazzling*
[2016-10-18 14:00:36] xTrader : Sup!
[2016-10-18 14:01:24] laisee : xTrader: Hey.
[2016-10-18 14:01:50] xTrader : laisee: First time using this trade engine
[2016-10-18 14:02:23] laisee : welcome. you can ask rapidtrades for his best 3 trade ideas
[2016-10-18 14:06:56] xTrader : laisee: Thanks for the tip I will do so
[2016-10-18 14:07:02] REKT : Liquidated long on `ETC7D`: Sell 13330 @ 0.001615
[2016-10-18 14:07:35] REKT : Liquidated long on `ETC7D`: Sell 14000 @ 0.001610
[2016-10-18 14:08:02] REKT : Liquidated long on `ETC7D`: Sell 700 @ 0.001601
[2016-10-18 14:09:16] laisee : xTrader: joke only. first time trading futures & swaps?
[2016-10-18 14:10:24] xTrader : I traded on Okcoin before
[2016-10-18 14:10:33] xTrader : the 100x leverage is what got my attention
[2016-10-18 14:11:21] sleger : so you're here for a short visit, good
[2016-10-18 14:12:38] laisee : you have chosen your name well ... ;-)
[2016-10-18 14:13:14] BTCDJS : ha ha
[2016-10-18 14:15:19] xTrader : sleger: not at all
[2016-10-18 14:15:24] xTrader : BTCDJS: @laisee thanks lol
[2016-10-18 14:17:13] laisee : don't mention it ,,,.. everyone is well named here.
[2016-10-18 14:18:24] MrRGnome : I think what you're trying to say is everyone here is super nice and friendly, especially rapidtrades. Also he has a law degree. That's important don't forget that part. Sometimes we call him Mr. Lawdegree as a sign of respect.
[2016-10-18 14:20:59] laisee : he offers free paralegal services, i heard
[2016-10-18 14:22:20] MrRGnome : ONLY if you call him Mr. Lawdegree. He's nice but commands an air of respect especially about his law work.
[2016-10-18 14:25:27] XBT_IHCT : hey
[2016-10-18 14:25:59] XBT_IHCT : is there an admin here atm?
[2016-10-18 14:26:05] BitMEX_Greg : XBT_IHCT: Hi can I help?
[2016-10-18 14:26:37] XBT_IHCT : hope so, can you go to your ts.
[2016-10-18 14:26:44] laisee : he have gravitas by the bucket, that legal guy
[2016-10-18 14:27:26] BitMEX_Greg : XBT_IHCT: Which ts are you referring to?
[2016-10-18 14:27:50] MrRGnome : I didn't realize bitmex had a public teamspeak
[2016-10-18 14:27:54] XBT_IHCT : your one
[2016-10-18 14:28:31] MrRGnome : ripping on rapidtrades would be so much more efficient speaking vs typing.
[2016-10-18 14:28:41] BitMEX_Wally : MrRGnome: ts.bitmex.com?
[2016-10-18 14:28:55] MrRGnome : thanks
[2016-10-18 14:29:58] laisee : MrRGnome: not sure I'd like the heavy breathing
[2016-10-18 14:31:19] BitMEX_Sam : https://media.giphy.com/media/NnyqfcowpXZOU/giphy.gif
[2016-10-18 14:32:35] REKT : Liquidated long on `ETHXBT`: Sell 600 @ 0.01998
[2016-10-18 14:34:12] laisee : thats one intense cat - can see what occupies the technology division @ bitmex
[2016-10-18 14:39:19] xTrader : How is everyone doing on there contracts?
[2016-10-18 14:39:24] xTrader : anyone trading REP?
[2016-10-18 14:40:45] Rado : REP finally bouncing
[2016-10-18 14:41:01] Rado : 0.008 might be bottom for now
[2016-10-18 14:55:11] wurstgelee : not if it doesnt make 009 very soon
[2016-10-18 15:26:06] Pierre : hey why can't I withdraw any bitcoin ?
[2016-10-18 15:26:29] BitMEX_Greg : Pierre: Withdrawals are done once a day
[2016-10-18 15:26:48] Pierre : but can't I do a withdraw request now ?
[2016-10-18 15:27:12] BitMEX_Greg : You should be able to, a confirmation will be sent to your email address
[2016-10-18 15:27:56] Pierre : I can't i doesn't allow me to withdraw
[2016-10-18 15:28:22] Pierre : the system is saying that my maximum withdrawable is 0 btc
[2016-10-18 15:28:28] Pierre : xbt *
[2016-10-18 15:29:09] Pierre : BitMEX_Greg: can you help me ?
[2016-10-18 15:31:02] BitMEX_Wally : Pierre: The default transaction fee is 0.0005 XBT, you can reduce that to 0.0002 XBT if you have some dust to withdraw
[2016-10-18 15:31:31] Pierre : ok thanks
[2016-10-18 16:20:02] Haythem : why are zcash contracts overpriced,??
[2016-10-18 16:20:38] Boontjie : Haythem: its a steal bro
[2016-10-18 16:20:50] Boontjie : buy em while they still cheap
[2016-10-18 16:21:13] Haythem : Boontjie: no they are not cheap at all, they are overpriced
[2016-10-18 16:21:26] Haythem : you will see the release day
[2016-10-18 16:21:44] Boontjie : it was sarcasm
[2016-10-18 16:21:55] Haythem : Boontjie: haha okay
[2016-10-18 16:22:04] Boontjie : supply and demand if you want a serious answer
[2016-10-18 16:22:20] Haythem : Boontjie: yes that's for sure
[2016-10-18 16:22:42] Boontjie : 80 bitcoin of pure carnage
[2016-10-18 16:22:58] Boontjie : 76.9706 to be exact
[2016-10-18 16:24:24] Haythem : Boontjie: yes
[2016-10-18 16:24:29] Haythem : people are getting crazy
[2016-10-18 16:25:13] Boontjie : you cant really short it anymore, way too risky
[2016-10-18 16:29:03] in5inity : hey the ZCASh is crazy!
[2016-10-18 16:29:15] in5inity : I am glad I did not short the first day :D
[2016-10-18 16:40:57] wurstgelee : @Haythem @Boontjie go on, short ZEC then. ;)
[2016-10-18 16:41:54] wurstgelee : i would be surprised if it doesnt hit at least .5 and still disappointed iif no btc parity within the first days
[2016-10-18 16:43:56] aethlios : wurstgelee: could you buy my 250 short at 0.20?? a bargain at that price.
[2016-10-18 16:44:25] wurstgelee : aethlios: it will be a bargain soon. it isnt yet ;)
[2016-10-18 16:45:12] aethlios : wurstgelee: in six months 20 usd at most, when the next hyped coin comes around.
[2016-10-18 16:45:14] wurstgelee : aethlios: we went highre than .2 today...
[2016-10-18 16:45:34] wurstgelee : aethlios: ofc...but who cares? i am talking about the first days, maybe 1-2 weeks
[2016-10-18 16:45:41] wurstgelee : with almost no supply
[2016-10-18 16:45:45] wurstgelee : and mad polo fomo
[2016-10-18 16:45:47] wurstgelee : =)
[2016-10-18 16:47:50] aethlios : I agree first few days price irrelevant, as supply comes in it will steadily go down. Eth already has serious problems, forked already twice. What if zcash has "issues" too?? price could collapse to 5 usd easily.
[2016-10-18 16:48:37] wurstgelee : why would i care now about what happens after the initial fomo pump?
[2016-10-18 16:48:50] aethlios : monero hype stopped when zcash hype started, I am sure monero will bottom the day zcash starts 28 oct.
[2016-10-18 16:48:55] wurstgelee : if i am long now?
[2016-10-18 16:49:11] wurstgelee : aethlios: ofc it will. monero was a well orchestrated exit pump
[2016-10-18 16:49:48] wurstgelee : not sure about bottom but @ zcash launch day, probably not, but it will go down from here
[2016-10-18 16:49:59] wurstgelee : *-but
[2016-10-18 16:52:13] aethlios : zcash most hyped coin I have seen in 3 and 1/2 years in crypto. Maybe aurora coin was that similar, reached 140 usd.
[2016-10-18 16:53:38] wurstgelee : yes
[2016-10-18 16:53:59] wurstgelee : and with that hype...y on earth would anyone short now?
[2016-10-18 16:54:06] aethlios : monero and dash, competitive privacy coins, valued 80 mill. and now zcash with no coins yet and is valued 2.670 mill. And it is cheap??
[2016-10-18 16:54:22] wurstgelee : YES
[2016-10-18 16:54:47] wurstgelee : because fomo@polo is a force not to be underestinmated
[2016-10-18 16:54:50] wurstgelee : *-n
[2016-10-18 16:54:51] wurstgelee : :D
[2016-10-18 16:54:57] aethlios : wurstgelee: I want to short now because I like to short the hype and buy the anti-hype btc dead times.
[2016-10-18 16:55:13] wurstgelee : that is usually probably a good idea. but not this time
[2016-10-18 16:55:24] wurstgelee : the hype is unmatched yet. so will be the fomo
[2016-10-18 16:55:58] wurstgelee : to short now, u would have to expect for zcash to trade below current levels.
[2016-10-18 16:56:04] wurstgelee : do u really think that?
[2016-10-18 16:56:44] aethlios : The four most dangerous words in investing are ‘This time it’s different.’”
[2016-10-18 16:56:55] aethlios : Sir John Templeton
[2016-10-18 16:57:39] aethlios : polo will start from a high price and every day new supply will depreciate the price. fomo already happened on bitmex.
[2016-10-18 16:57:57] wurstgelee : supply 6000 zcash after 1 day iirc?
[2016-10-18 16:58:04] wurstgelee : thats nothing
[2016-10-18 16:58:27] wurstgelee : and now add hype and polo to that equation
[2016-10-18 16:58:34] aethlios : also price here is the expected price of zcash on 30 dec. it won't pair exactly the spot. It is like the VIX futures.
[2016-10-18 16:58:40] wurstgelee : and tell me again u think shorting now and here is a good idea
[2016-10-18 16:58:41] wurstgelee : =)
[2016-10-18 16:59:14] wurstgelee : aethlios: yes. but 30 dec price surely wont be below spot, right?
[2016-10-18 16:59:25] wurstgelee : in the first pump days?
[2016-10-18 17:00:55] aethlios : why not to be lower?? it will be the expected price on 30 dec. Also miners or those with mining contracts will come here and sell futures to hedge their every day diminishing profit!!
[2016-10-18 17:00:59] wurstgelee : again, i am not talking about mid or even long term perspectives...just about what to do now in expectation of the launch days =)
[2016-10-18 17:01:19] wurstgelee : futures prices are usually higher than spot during pumps
[2016-10-18 17:01:26] wurstgelee : and the opposite during dumps
[2016-10-18 17:01:31] wurstgelee : why would it be different?
[2016-10-18 17:03:00] wurstgelee : the ZEC futures will have to be marked as polo+x
[2016-10-18 17:03:07] wurstgelee : what else would be an option?
[2016-10-18 17:03:25] wurstgelee : or simply polo price ofc
[2016-10-18 17:03:50] aethlios : wurstgelee: because of the long expiring date. We will see... In the 3rd day spot below 0.1 my prediction and here below 0.05. Spot could be higher because you can't short and long expire date of the future contract
[2016-10-18 17:04:05] wurstgelee : that doesnt matter ffs
[2016-10-18 17:04:21] wurstgelee : why would a futures price be lower than spot in a bull market?
[2016-10-18 17:04:31] wurstgelee : which we will have right after launch
[2016-10-18 17:04:53] wurstgelee : no matter the expiry date
[2016-10-18 17:05:43] aethlios : wurstgelee: are you crazy?? bull market in zcash?? bull market already happened here.
[2016-10-18 17:05:54] wurstgelee : lol no
[2016-10-18 17:05:57] wurstgelee : this is nothing
[2016-10-18 17:06:12] wurstgelee : =)
[2016-10-18 17:06:14] aethlios : from zero to 128 is not a bull market??
[2016-10-18 17:06:25] wurstgelee : yes it is ofc.
[2016-10-18 17:06:39] wurstgelee : but this is only the prequel to the really crazy shit that's gonna happen
[2016-10-18 17:06:54] wurstgelee : *again, only refering to the first days/weeks
[2016-10-18 17:07:55] wurstgelee : youre welcome to short if u think otherwise ofc, i still have some orders unfilled
[2016-10-18 17:07:57] wurstgelee : :)
[2016-10-18 17:08:41] aethlios : 0.20 * 250 is me, feel free to hit me.
[2016-10-18 17:08:58] wurstgelee : as i said earlier. will be a bargain, isnt yet .;)
[2016-10-18 17:09:22] wurstgelee : you will regret that short btw :D
[2016-10-18 17:09:48] aethlios : I will leave the order there, I won't regret because I have adequate margin to wait 6 months.
[2016-10-18 17:10:01] wurstgelee : ok, in that case, you maybe wont
[2016-10-18 17:10:15] wurstgelee : u have enough margin to deal with a spike to 1 or 2 btc?
[2016-10-18 17:10:48] aethlios : not easy to spike up to there.
[2016-10-18 17:11:25] wurstgelee : but entirely possible
[2016-10-18 17:11:44] wurstgelee : 6K zcash after 1 day
[2016-10-18 17:11:47] wurstgelee : total supply...
[2016-10-18 17:11:49] wurstgelee : polo...
[2016-10-18 17:11:55] habibi : not
[2016-10-18 17:11:58] wurstgelee : 'nuf said ;)
[2016-10-18 17:12:04] habibi : only 50 or sth around
[2016-10-18 17:12:14] wurstgelee : habibi: 6k per day then?
[2016-10-18 17:12:24] wurstgelee : after initial low reward mining
[2016-10-18 17:12:28] habibi : slow mining during first ~34 days.full reward after 34th day
[2016-10-18 17:12:40] wurstgelee : 50zcash/10 mins right?
[2016-10-18 17:12:44] wurstgelee : oh, full 34 days?
[2016-10-18 17:12:46] wurstgelee : omg
[2016-10-18 17:12:49] wurstgelee : thats even better
[2016-10-18 17:12:52] wurstgelee : :D
[2016-10-18 17:13:18] wurstgelee : soo...~1500 zcash after 1 month of mining?
[2016-10-18 17:13:33] MrRGnome : no that's not right...
[2016-10-18 17:13:44] wurstgelee : MrRGnome: i dont think so either ;)
[2016-10-18 17:13:52] habibi : wurstgelee: i will post math in moment
[2016-10-18 17:14:06] wurstgelee : i cant find any reliable info about rewar schedule right now
[2016-10-18 17:14:13] wurstgelee : anyone with a link here?
[2016-10-18 17:14:16] wurstgelee : *d
[2016-10-18 17:14:47] MrRGnome : once the 34 days are up block reward is 12.5 every 2.5 minutes, or 200/day or ~223200/month
[2016-10-18 17:15:01] MrRGnome : *7200/day
[2016-10-18 17:15:34] MrRGnome : It's a long read but I've been researching. https://github.com/zcash/zips/blob/master/protocol/protocol.pdf
[2016-10-18 17:15:55] habibi : http://pastebin.com/V5ixu3jB
[2016-10-18 17:16:32] wurstgelee : MrRGnome: 50/10 mins = 7200, thats what i have as well
[2016-10-18 17:16:53] MrRGnome : thats only once the 34 day pump period is over.
[2016-10-18 17:17:01] MrRGnome : and it will be a hell of a pump I'm sure
[2016-10-18 17:17:04] wurstgelee : MrRGnome: so....7200 AFTER 34 days.
[2016-10-18 17:17:10] wurstgelee : whats the lower reward during those 34?
[2016-10-18 17:17:32] wurstgelee : MrRGnome: also yes @ hell of a pump
[2016-10-18 17:17:39] MrRGnome : It starts at 0 and graduates to 12.5 on day 34. It's proportionally incrimental between
[2016-10-18 17:17:42] wurstgelee : at least someone is on my page :D
[2016-10-18 17:17:47] wurstgelee : MrRGnome: great
[2016-10-18 17:18:10] wurstgelee : so linear incremention
[2016-10-18 17:18:20] MrRGnome : I BELIEVE so, not done reading.
[2016-10-18 17:18:27] wurstgelee : we can assume 6.25 average reward
[2016-10-18 17:18:31] wurstgelee : so 3600 per day
[2016-10-18 17:18:38] wurstgelee : so 3600*30 after 1 months
[2016-10-18 17:18:40] wurstgelee : ~100k
[2016-10-18 17:18:45] MrRGnome : If it's linear.
[2016-10-18 17:18:53] MrRGnome : I don't want to put my word on that.
[2016-10-18 17:18:55] habibi : 35 12,5 7200 129445,7328 0,6437704166
[2016-10-18 17:19:00] habibi : 130 k in 35th day
[2016-10-18 17:19:04] wurstgelee : if its not, it will be less supply
[2016-10-18 17:19:18] wurstgelee : so for the sake of simplicity, lets just assume 100k after 1 months
[2016-10-18 17:19:29] wurstgelee : -10% for devs and vc
[2016-10-18 17:19:32] wurstgelee : so 90k at max
[2016-10-18 17:19:38] habibi : wurstgelee: 31 11,0714 6377,1264 101879,9856 0,8179558806
[2016-10-18 17:19:44] habibi : 101k after 31th day
[2016-10-18 17:19:45] habibi : :D
[2016-10-18 17:19:55] wurstgelee : yay, my numbers were right ;)
[2016-10-18 17:19:56] wurstgelee : ha
[2016-10-18 17:20:12] wurstgelee : so prob linear
[2016-10-18 17:20:19] wurstgelee : 3600 per day during ~ first months
[2016-10-18 17:20:24] wurstgelee : *-s
[2016-10-18 17:21:14] wurstgelee : with that scarcity you would need suicidal tendencies to short @ .2 and plan to sit it out
[2016-10-18 17:21:16] wurstgelee : imo
[2016-10-18 17:22:55] habibi : 179 12,5 7200 1166245,7328 0,0714543522 if zcash would reach 50m market cap 0,0714543522 is the price it would hit after 179 days of mining
[2016-10-18 17:23:20] habibi : with btc price of 600*
[2016-10-18 17:25:44] wurstgelee : 50m is not enough imo
[2016-10-18 17:25:50] wurstgelee : will be higher
[2016-10-18 17:26:01] wurstgelee : if it works as designed without major flaws etc pp
[2016-10-18 17:27:44] MrRGnome : So the question becomes assuming a supply of ~100k coins, what's a comparable market cap for other offerings? Over 100 million would have it take all of moneros turf and then some - and if the supply is less than 100,000 zec we could see a price in fact over 1btc. Once that supply base widens out, say 3 months post launch so 100k+ 233k + 233k or over half a million supply, then the price gets much more reasonable i.e. $183 or ~0.286 btc
[2016-10-18 17:28:50] wurstgelee : i agree
[2016-10-18 17:30:08] MrRGnome : 6 months post launch, even at 100 million cap with over 1.1 million ZEC price becomes 0.1424. If the cap is even close to that high the price will pump out of control in the short term.
[2016-10-18 17:30:11] wurstgelee : and thats why shorting .2 and plannig to wait it out is financial suicide
[2016-10-18 17:30:12] wurstgelee : ;)
[2016-10-18 17:30:15] wurstgelee : *n
[2016-10-18 17:30:24] habibi : http://pastebin.com/AhDcTzAy right table, just first day is ~200 coins not 51
[2016-10-18 17:30:32] wurstgelee : lol
[2016-10-18 17:30:48] wurstgelee : i wouldnt bet against we wont see 5 btc at some point @ polo
[2016-10-18 17:30:57] wurstgelee : against we will see ofc
[2016-10-18 17:31:35] REKT : Liquidated short on `FCTXBT`: Buy 3800 @ 0.004022
[2016-10-18 17:32:07] Tetsuo : 5btc for 1zec, seems legit!
[2016-10-18 17:32:11] wurstgelee : its on day 10 that supply will hit 10k
[2016-10-18 17:32:20] wurstgelee : Tetsuo: not legit at all
[2016-10-18 17:32:33] wurstgelee : but possible. not for long. just a spike during first days with mad polo fomo
[2016-10-18 17:32:49] wurstgelee : while supply is below 10k
[2016-10-18 17:32:54] wurstgelee : total supply
[2016-10-18 17:32:58] wurstgelee : u dont think thats possible?
[2016-10-18 17:33:11] habibi : anyway with price of 0.2 btc per zcash, and btc at 600 we would see a 15m market cap after 35 day of supply
[2016-10-18 17:33:51] wurstgelee : u all underestimate the irrational powers of fomo in this case ;)
[2016-10-18 17:34:14] sleger : habibi has a weird way of looking at it
[2016-10-18 17:34:42] habibi : sleger: we will see if wrong one
[2016-10-18 17:34:50] sleger : maybe it is factually a 15m market cap, but everyone knows there are many more coins to come, you cant just ignore that fact. A price of 0.2 means an expected market cap much higher than that
[2016-10-18 17:34:54] wurstgelee : that total marketcap think on day x is irritating me 2 tbh
[2016-10-18 17:35:04] wurstgelee : *thing
[2016-10-18 17:35:12] sleger : agreed, stupid way of looking at it
[2016-10-18 17:35:30] wurstgelee : i dont think that matters much, if at all
[2016-10-18 17:35:42] habibi : sleger: everyone knows that there is no monetary politics set up in ethereum and still there is possibility of infinitive ethereum at the end
[2016-10-18 17:35:45] wurstgelee : current total supply and amount of fomo and hype
[2016-10-18 17:35:48] sleger : habobo, there is nothing to wait for, we already know you're wrong
[2016-10-18 17:35:51] wurstgelee : thats all that matters during the first days
[2016-10-18 17:36:46] MrRGnome : The coins supply is so perfectly setup for a pump and dump scheme. If I wasn't such a vajayjay I'd long.
[2016-10-18 17:37:02] wurstgelee : MrRGnome: yes. perfect storm
[2016-10-18 17:37:45] MrRGnome : all depends on when polo decides to list. If they say they want over a millio in supply to exist before listing that will affect the pump significantly
[2016-10-18 17:38:15] wurstgelee : that would be stupid. if total supply is only 100k after 1 month
[2016-10-18 17:38:29] wurstgelee : it would take almost 6 months to get to 1m supply
[2016-10-18 17:38:48] wurstgelee : no way polo is gonna wait that long
[2016-10-18 17:38:52] MrRGnome : Yeha it would, but what's stopping them from waiting and seeing a more fair supply with which to conduct rice discovery?
[2016-10-18 17:38:53] wurstgelee : why would they?
[2016-10-18 17:39:13] wurstgelee : MrRGnome: whats stopping them from listing on day 1?
[2016-10-18 17:39:17] MrRGnome : To stop their users from being scammed, effectively. And rob themselves a ton of fees inthe process
[2016-10-18 17:39:19] wurstgelee : spot only ofc
[2016-10-18 17:39:21] wurstgelee : no margin
[2016-10-18 17:39:34] wurstgelee : scarcity is no scam imo
[2016-10-18 17:39:38] MrRGnome : Nothing is stopping them, I'm just saying they could choose to be responsible adults for the children they tender
[2016-10-18 17:39:52] wurstgelee : everyone knows how many coins are available at any given time
[2016-10-18 17:40:09] wurstgelee : MrRGnome: they could ofc. but i doubt they will.
[2016-10-18 17:40:12] MrRGnome : it is when scarcity is time delimited before an avalanche of supply. The whole coin is scammy
[2016-10-18 17:40:21] wurstgelee : and if polo doesnt list early, others will
[2016-10-18 17:40:24] habibi : MrRGnome: otherwise they can leave to bittrex and loose part of fees coz of that
[2016-10-18 17:40:33] wurstgelee : habibi: that
[2016-10-18 17:40:36] MrRGnome : I also doubt they will. Just saying the day they choose to launch is very relevant to trading strategies.
[2016-10-18 17:40:43] MrRGnome : At least mine,
[2016-10-18 17:41:07] wurstgelee : they wont risk losing shares to trex, especially with trex relaunch with margin trading around the corner
[2016-10-18 17:41:17] wurstgelee : that would be just dumb
[2016-10-18 17:41:46] MrRGnome : we'll see. They haven't announced a date yet
[2016-10-18 17:42:04] wurstgelee : lolz
[2016-10-18 17:42:16] MrRGnome : You figure they will launch day 1?
[2016-10-18 17:42:19] wurstgelee : guess who pulled his short order?
[2016-10-18 17:42:24] wurstgelee : :D :D :D
[2016-10-18 17:42:39] wurstgelee : i dont see those 250 @ .2 any more...
[2016-10-18 17:42:57] wurstgelee : scared much?
[2016-10-18 17:43:42] wurstgelee : aethlios? :)
[2016-10-18 17:43:44] MrRGnome : Man, i'm terrified. Too much pump and dump, but my greed won't let me stay away
[2016-10-18 17:43:58] wurstgelee : greed is good. greed is fun
[2016-10-18 17:44:01] wurstgelee : =)
[2016-10-18 17:44:26] wurstgelee : at least in crypto. and if you're not doing it for a living
[2016-10-18 17:45:40] MrRGnome : greed is something to be tempered IMO
[2016-10-18 17:46:32] wurstgelee : i dont have this a lot nowadays, but i dont know what that means
[2016-10-18 17:46:37] wurstgelee : "to be tempered"
[2016-10-18 17:46:57] wurstgelee : me no english.
[2016-10-18 17:47:00] wurstgelee : :p
[2016-10-18 17:47:36] wurstgelee : i know tampered
[2016-10-18 17:47:42] wurstgelee : in case its a spelling thing
[2016-10-18 17:48:01] MrRGnome : https://www.google.com/search?q=tempered&rlz=1C1MSNA_enCA643CA643&oq=tempered&aqs=chrome.0.0l2j69i58j0l3.1024j0j7&sourceid=chrome&ie=UTF-8#q=define+to+temper
[2016-10-18 17:51:12] wurstgelee : got it
[2016-10-18 17:51:13] MrRGnome : from the old english 'temprian' or 'to bring something into the required condition by mixing it with something else'. Greed should be tempered with caution, for example.
[2016-10-18 17:52:06] wurstgelee : makes sense. my point was, it's more fun if u dont temper it. which u only should do if u dont trade for a living ofc
[2016-10-18 17:55:12] shiroe : so now, the price is not premium. mark price + 20 points on eth seems gone, now mark price -10.
[2016-10-18 17:56:31] wurstgelee : yes. great perception there.
[2016-10-18 17:56:34] wurstgelee : and? :)
[2016-10-18 17:56:59] shiroe : sell started and short began?
[2016-10-18 17:57:28] Tetsuo : no one wants to pay 0.87 funding
[2016-10-18 17:57:33] MrRGnome : It's certainly an indicator, not sure if it indicates short time or just consolidation.
[2016-10-18 17:57:40] wurstgelee : .87 is insane btw
[2016-10-18 17:58:00] wurstgelee : i wouldnt want to pay that either
[2016-10-18 17:58:07] MrRGnome : I'm really jealous I didn't get in on that hot and heavy funding rate. I took profits ~2000 to avoid it.
[2016-10-18 17:58:40] wurstgelee : looks like u have done well doing so ;)
[2016-10-18 17:58:56] shiroe : i dont understand that 0.87 funding.
[2016-10-18 17:59:07] MrRGnome : Oh yeah eth was easy money this week
[2016-10-18 17:59:09] Tetsuo : go long in the next 2 hours and u will feel it
[2016-10-18 17:59:19] wurstgelee : shiroe: longs pay .87% in 2 hours to shorts
[2016-10-18 17:59:46] shiroe : i see..
[2016-10-18 18:00:17] MrRGnome : shiroe: in order in to incentivize liquidity on the market creating resistance, longs and shorts pay each other depending on which way they market is swinging
[2016-10-18 18:00:33] wurstgelee : well, y not short a little here?
[2016-10-18 18:00:36] wurstgelee : :)
[2016-10-18 18:00:59] MrRGnome : too effing low, eth is just consolidating for another recovering bump IMO
[2016-10-18 18:01:03] shiroe : seems 12.5usd is the new floor.
[2016-10-18 18:01:14] wurstgelee : MrRGnome: maybe, maybe not. worth a gamble ;)
[2016-10-18 18:01:19] MrRGnome : Not to me it isnt
[2016-10-18 18:01:36] wurstgelee : thats what i meant with "not tempering is more fun"
[2016-10-18 18:01:37] wurstgelee : :p
[2016-10-18 18:01:58] MrRGnome : mostly because my gamble is it will go up, but it's too expensive a position to take. if funding wasn't a thing I'd long here.
[2016-10-18 18:02:34] shiroe : stop limit here saves your life. instead of losing 100%, you loose 50% if set.
[2016-10-18 18:02:50] shiroe : Go up! 13usd!
[2016-10-18 18:03:16] wurstgelee : 195 first
[2016-10-18 18:03:18] wurstgelee : ;)
[2016-10-18 18:04:03] MrRGnome : it will happen so long as there aren't any renewed eth attacks in the next 48 hours IMO. I would have been happy to ride eth to 2100 if it wasn't for goddamn funding.
[2016-10-18 18:04:40] wurstgelee : i dont plan to have this position any longer than necessary
[2016-10-18 18:04:45] wurstgelee : few hours max
[2016-10-18 18:04:53] MrRGnome : what position is that? short eth?
[2016-10-18 18:04:58] wurstgelee : yep
[2016-10-18 18:05:18] MrRGnome : gl buddy. you've got to get out with less than 0.87% slippage =)
[2016-10-18 18:05:33] wurstgelee : ;)
[2016-10-18 18:05:58] wurstgelee : i doubt i will still have it at funding time
[2016-10-18 18:06:34] MrRGnome : That seems like a waste of 0.87% I want to short solely because of the amazing funding for the next 16 hours.
[2016-10-18 18:06:51] MrRGnome : In fact, if someone would be so keen as to attack ethereum right now that would be ideal and I'll jump right in
[2016-10-18 18:06:55] wurstgelee : MrRGnome: i'll tell u when i close and where i close. we'll see ;)
[2016-10-18 18:07:03] sleger : i sold my 5k position and shorted some just because of that funding...
[2016-10-18 18:07:37] MrRGnome : I bet you made a pretty penny on that 5k too
[2016-10-18 18:07:59] sleger : funding helped as well past few days
[2016-10-18 18:08:04] wurstgelee : eth struggeling with 200 right now anyways (or better failed), looks more like down the next few hours to me
[2016-10-18 18:08:46] MrRGnome : gl! I think you might be right short term.
[2016-10-18 18:09:04] wurstgelee : 0.01980 200
[2016-10-18 18:09:08] wurstgelee : thats mine
[2016-10-18 18:09:17] wurstgelee : as i said..small gamble for fun
[2016-10-18 18:10:32] MrRGnome : gambling is fun.