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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[2016-10-27 04:47:09] maker101 : Segwit - avoid hard fork and last until lightning network is ready
[2016-10-27 04:56:32] REKT : Liquidated long on `XBTZ16`: Sell 2000 @ 712.36
[2016-10-27 04:57:03] REKT : Liquidated long on `XBTUSD`: Sell 2050 @ 682.23
[2016-10-27 05:11:38] bitman007 : hi
[2016-10-27 06:17:17] blue23 : hi
[2016-10-27 06:35:32] REKT : Liquidated long on `ETC7D`: Sell 1000 @ 0.001499
[2016-10-27 07:04:07] REKT : Liquidated long on `XRP7D`: Sell 137 @ 0.00001229
[2016-10-27 07:07:35] REKT : Liquidated long on `XRP7D`: Sell 12552 @ 0.00001223
[2016-10-27 07:10:20] wurstgelee : did i say thanks for adding xbtz16 yet?
[2016-10-27 07:10:26] wurstgelee : if not: thank you! :)
[2016-10-27 08:42:44] jung1 : zcash wtf
[2016-10-27 08:47:52] wurstgelee : no wtf
[2016-10-27 08:48:03] wurstgelee : as expected ;)
[2016-10-27 08:49:21] micmix : zcash still so cheap here
[2016-10-27 08:50:11] wurstgelee : .5 within 24h ;)
[2016-10-27 08:50:54] micmix : I'm selling around 2.5-4
[2016-10-27 08:51:24] jung1 : 2.5-4 bitcoins?
[2016-10-27 08:52:18] micmix : price for 1 zcash = 2.5-4 bitcoins
[2016-10-27 08:52:34] YevhenMuza : If you invest only your own money, BUYER can earn 10x profit and has no liq. price and seller have high risk with limited potential profit, low liquidity, which buyers can use to disqualify sellers and abcent of base asset did such price
[2016-10-27 08:52:38] wurstgelee : seems like a good target
[2016-10-27 08:52:40] jung1 : too much optimistic
[2016-10-27 08:52:44] wurstgelee : unless ADL'ed out of position first
[2016-10-27 08:52:53] habibi : YevhenMuza: so don't fuckin short
[2016-10-27 08:53:02] jung1 : there will be also 21mil
[2016-10-27 08:53:09] habibi : risk reward is most important thing for many traders
[2016-10-27 08:53:22] jung1 : imo its possible that there will be 1:1 rate
[2016-10-27 08:53:27] wurstgelee : jung1: nobody cares. how much will there be after 1 week? 1 month?
[2016-10-27 08:53:31] wurstgelee : thats what counts for early pump
[2016-10-27 08:53:48] wurstgelee : 1:1 is around the corner =)
[2016-10-27 08:54:56] micmix : very limited supply, so spot will be bought up to 2-5. all shorts here will be liquidated and it will be a good place to open short
[2016-10-27 08:55:50] jung1 : its already over 1300% here
[2016-10-27 08:55:51] YevhenMuza : It's obvious, that the price of ZEC will be around 0.1 in a month, but liquidation it's enormous risk to get shorted, that's why buyers made 0.4
[2016-10-27 08:55:58] jung1 : from a low of $18 (0.027 BTC) on 15th September to a high of $261 (0.379 BTC) as of yesterday, a change that represents an increase of nearly 1,300%.
[2016-10-27 08:56:25] jung1 : live long blockchain hype
[2016-10-27 08:56:31] micmix : I bought up from 0.027 to around 0.040 when it was listed
[2016-10-27 08:56:53] YevhenMuza : It's enough 100 BTC to kill all shorters, it's an easy play, if the market was more liquid
[2016-10-27 08:56:57] habibi : micmix: hey, u didnt got adled in the meanwhile?
[2016-10-27 08:57:05] micmix : I already sold
[2016-10-27 08:57:17] micmix : way early
[2016-10-27 08:58:02] micmix : was going on vacation, didn't want to leave position open for 3 weeks without managing it
[2016-10-27 08:58:19] wurstgelee : my 1st position averaged at ~ .06something
[2016-10-27 08:58:21] wurstgelee : got ADL'ed
[2016-10-27 08:58:22] wurstgelee : :/
[2016-10-27 08:58:28] wurstgelee : eropened shortly after tho
[2016-10-27 08:58:38] wurstgelee : *re
[2016-10-27 09:01:26] micmix : I was telling 1 zcash will be 1 btc when the contract was just listed, people wouldn't believe :-)
[2016-10-27 09:01:50] wurstgelee : i know
[2016-10-27 09:01:55] wurstgelee : same experience ;)
[2016-10-27 09:02:59] micmix : will see what happens to spot, don't want to miss good short entry
[2016-10-27 09:03:48] wurstgelee : anything above or close to 1btc should be good if your have enough margin and are willing to sit it out.
[2016-10-27 09:03:54] wurstgelee : higher would be better tho ;)
[2016-10-27 09:05:07] wurstgelee : also my left ball just ordered me to close all btc longs. i listened because it was right a lot in the last times
[2016-10-27 09:05:17] wurstgelee : *days
[2016-10-27 09:09:13] DangerandPlay : anyone else expecting a huge drop in ETH with miners switching to zcash, at least temporarily? I think it might go down to around 0.011 or even 0.010
[2016-10-27 09:09:24] DangerandPlay : seems a good short
[2016-10-27 09:10:22] wurstgelee : doesnt sound dumb imo
[2016-10-27 09:10:45] wurstgelee : not sure about .0011 or even lower but hash moving to zcash is more than likely
[2016-10-27 09:10:55] wurstgelee : .011
[2016-10-27 09:13:08] maker101 : so who has been longing bitcoin? and are you still longing lol?
[2016-10-27 09:30:07] habibi : few major farms from eth are definitely moving to zcash
[2016-10-27 09:57:12] REKT : Liquidated short on `ZECZ16`: Buy 5 @ 0.412063
[2016-10-27 10:15:52] REKT : Liquidated long on `ETC7D`: Sell 631 @ 0.001474
[2016-10-27 10:36:46] Smartass : what is the fastest way to deposit from poloniex to bitmex
[2016-10-27 10:37:27] Smartass : can put the walletaddress from bitmex into cashout address of Poloni or is this not recommended
[2016-10-27 10:38:35] Smartass : Somebody? Really want to do this now
[2016-10-27 10:40:27] REKT : Liquidated long on `XBJ24H`: Sell 150 @ 72104
[2016-10-27 10:41:46] habibi : Smartass: yes u can
[2016-10-27 10:42:57] Smartass : so no hassles because some exchanges explicitly war about that....
[2016-10-27 10:43:45] Smartass : And how is first cashout at bitmex (i mean in btc) do i have to verify anything or so when i want to withdraw my btc again?
[2016-10-27 10:43:59] habibi : no KYC here
[2016-10-27 10:48:07] REKT : Liquidated long on `ETC7D`: Sell 2045 @ 0.001471
[2016-10-27 10:48:59] maker101 : Smartass: n withdrawals only processed in bulk once a day
[2016-10-27 10:49:12] maker101 : 13:00 UTC i think
[2016-10-27 10:50:15] justinlooking : Smartass: yes u have to confirm by email
[2016-10-27 10:53:27] Smartass : maker101: @justinlooking thx for input
[2016-10-27 11:20:57] REKT : Liquidated long on `XBTUSD`: Sell 50 @ 680.53
[2016-10-27 11:41:48] Shenol : what is the point in buying bitcoin futures contranc instead of buying bitcoins?
[2016-10-27 11:42:29] justinlooking : leverage
[2016-10-27 11:44:26] Shenol : just leverage? than you have a price which is significantly higher than market price, so if you hold e.g. xbtz16 you will be losing 40 dollars in 2 months?
[2016-10-27 11:45:41] sleger : you can sell and earn 40$
[2016-10-27 12:01:06] justinlooking : during last fomo i remember high ticking u16 way over $1000
[2016-10-27 12:01:15] justinlooking : was trying to get rapid stopped out
[2016-10-27 12:03:17] REKT : Liquidated short on `ZECZ16`: Buy 3 @ 0.423568
[2016-10-27 12:09:58] rapidtrades : justinlooking: and failed :)
[2016-10-27 12:12:32] REKT : Liquidated short on `ZECZ16`: Buy 14 @ 0.437237
[2016-10-27 12:13:08] REKT : Liquidated short on `ZECZ16`: Buy 1 @ 0.457889
[2016-10-27 12:13:08] REKT : Liquidated short on `ZECZ16`: Buy 38 @ 0.451715
[2016-10-27 12:13:52] REKT : Liquidated short on `ZECZ16`: Buy 5 @ 0.473579
[2016-10-27 12:13:52] REKT : Liquidated short on `ZECZ16`: Buy 3 @ 0.477107
[2016-10-27 12:14:23] dasdfasdf : rekt
[2016-10-27 12:14:23] wurstgelee : lolz
[2016-10-27 12:15:10] dasdfasdf : up to 800 users
[2016-10-27 12:16:13] wurstgelee : session-maxprice reached
[2016-10-27 12:16:16] wurstgelee : .522
[2016-10-27 12:16:20] wurstgelee : that took 16 mins ;)
[2016-10-27 12:26:06] poes : .522 thats crazy
[2016-10-27 12:27:08] k0d3 : 1 btc soon
[2016-10-27 12:27:18] k0d3 : delevarage soon
[2016-10-27 12:27:19] k0d3 : lol
[2016-10-27 12:29:18] REKT : Liquidated long on `XBTUSD`: Sell 6000 @ 679.08
[2016-10-27 12:34:43] Smartass : why can't i buy
[2016-10-27 12:34:54] poes : rofl
[2016-10-27 12:35:20] Smartass : i click on buy my deposit is higher than needed, but it doesn' execute the order???
[2016-10-27 12:35:47] poes : what are you buying?
[2016-10-27 12:37:17] REKT : Liquidated short on `ZECZ16`: Buy 1 @ 0.522502
[2016-10-27 12:37:17] Smartass : zec dec future
[2016-10-27 12:37:19] wurstgelee : Smartass: u cant buy zcash above .522 atm
[2016-10-27 12:37:34] wurstgelee : limit up price is .522something for this session
[2016-10-27 12:37:52] Smartass : ah limit up is reached....
[2016-10-27 12:38:00] wurstgelee : zec currently has limits in place to prevent manipulation as long as its not marked to some spot exchange
[2016-10-27 12:38:01] Smartass : when is limit resetted?
[2016-10-27 12:38:08] wurstgelee : each 8 h
[2016-10-27 12:38:19] wurstgelee : so in 7:22 h again
[2016-10-27 12:38:20] Smartass : ok but when is that utc
[2016-10-27 12:38:41] wurstgelee : in 7:22h ...whatever that is in utc
[2016-10-27 12:38:50] Smartass : o.k get it
[2016-10-27 12:39:02] Smartass : thx a lot
[2016-10-27 12:43:11] wurstgelee : np
[2016-10-27 12:48:41] zfan : what would be the new limits for zec? how are they computed?
[2016-10-27 12:55:10] Bacon futures trader : lol that Zcash pump
[2016-10-27 13:02:07] 99991111 : (1+limit) * prevClose is the new limit. What is limit?
[2016-10-27 13:02:28] 99991111 : wtf are people doing on the short side of ZEC?
[2016-10-27 13:04:51] laisee : gambing
[2016-10-27 13:05:03] laisee : gambling ...
[2016-10-27 13:08:16] zfan : 99991111: i think limit is 0.25, prevclose is 0.418
[2016-10-27 13:10:53] uwotmate : u wot mate
[2016-10-27 13:11:06] Gemz : how many zcash will there be after 1 months?
[2016-10-27 13:11:17] uwotmate : same emission curve as BTC
[2016-10-27 13:11:27] Gemz : no its slow start
[2016-10-27 13:11:28] sleger : 428
[2016-10-27 13:11:32] uwotmate : except first month is slower
[2016-10-27 13:11:43] Gemz : how many after 1 month tho
[2016-10-27 13:12:54] laisee : 168
[2016-10-27 13:13:06] Gemz : 168 zcash after 1 month?
[2016-10-27 13:13:14] Gemz : no way dude
[2016-10-27 13:13:25] laisee : yes, way.
[2016-10-27 13:13:48] Gemz : dumb troll
[2016-10-27 13:14:54] sleger : '428
[2016-10-27 13:14:59] laisee : I' way long and trying to drive the price up through mass hysteria
[2016-10-27 13:15:44] Gemz : 428 is wrong aswell, it will be 0 to 12.5 per 2.5 min how can it be 428 zec mined until the end of months
[2016-10-27 13:17:37] laisee : maybe nobody here trades on fundamentals ...
[2016-10-27 13:18:13] martinium : 230400 ZEC should be out in the wild after 32 days
[2016-10-27 13:18:22] martinium : but
[2016-10-27 13:18:36] martinium : diff will increase so that will slow down to probably less than half that
[2016-10-27 13:19:00] laisee : also subtract 20% genius tax for the developers
[2016-10-27 13:19:14] martinium : the 20% still counts as coin created
[2016-10-27 13:19:17] Gemz : so around 100k zec after a month?
[2016-10-27 13:19:19] sleger : Gemz: because we are already the 27th of the month
[2016-10-27 13:19:57] martinium : Gemz: really depends on if hash power keeps increasing to offset difficulty
[2016-10-27 13:20:01] laisee : then next month will be better for supply /s
[2016-10-27 13:20:14] Shenol : zec is way overpriced, stay away unless you know what you are doing
[2016-10-27 13:20:22] Gemz : its not overpriced
[2016-10-27 13:20:29] Shenol : oh really
[2016-10-27 13:20:40] sleger : how can it be overprices, the price is even less than 1 lolololololololol
[2016-10-27 13:20:41] Shenol : it's half the price of a bitcoin
[2016-10-27 13:20:57] sleger : 1 is the smallest number ever found dude !!
[2016-10-27 13:21:03] Shenol : do you really believe a just starting coin will cost 350 dollars?
[2016-10-27 13:21:05] Gemz : so what 42 coin was multiple bitcoins per 42 coin
[2016-10-27 13:21:10] Gemz : there will be very few zec
[2016-10-27 13:21:48] laisee : 428 in 1st month ...
[2016-10-27 13:21:55] Shenol : there will be enough in the long term
[2016-10-27 13:21:58] justinlooking : pretty sure it's 17
[2016-10-27 13:22:04] uwotmate : if you can read cpp, then the slow start code is on line 1375 here: https://github.com/zcash/zcash/blob/master/src/main.cpp
[2016-10-27 13:22:09] laisee : 168 sounds better
[2016-10-27 13:22:46] sleger : 5000 lines in a cpp file, ok, these guys cant even code properly
[2016-10-27 13:22:49] Gemz : lets say 150k zec will be out there after a month and each zec would be 1 btc ($700) then zcash marketcap would be just 100M which is pretty low even looking at the attention zcash is getting
[2016-10-27 13:22:51] laisee : given it's an anonymous coin we might never know the coin supply?
[2016-10-27 13:23:48] sleger : Gemz: yes, and the fact that we know today that 21m coins will be mined is totally irrelevant, im with you
[2016-10-27 13:23:51] Smartass : what happens with orders in the orderbook which are entered before the reset of limit up (talking about zecz16)
[2016-10-27 13:24:18] Smartass : lets say limit 0.53 before tonights reset
[2016-10-27 13:24:23] wurstgelee : tey stay there but cant be filled if out of range
[2016-10-27 13:24:27] wurstgelee : *they
[2016-10-27 13:24:33] justinlooking : u being facetious sleger?
[2016-10-27 13:24:41] justinlooking : 5k lines for a main cpp is not unusual in big projects
[2016-10-27 13:24:50] sleger : justinlooking: really ?
[2016-10-27 13:24:53] rapidtrades : Just curious, is ur impulse control so bad that you have to speculate on a coin that's not even out yet?
[2016-10-27 13:24:57] justinlooking : fo shizzle
[2016-10-27 13:24:57] Smartass : @wurstgele that means my 2 Order which could not be filled are still in book?
[2016-10-27 13:25:16] Smartass : i clicked twice because i thought its an error
[2016-10-27 13:25:44] laisee : rapidtrades: all just degen gamblerz here ...
[2016-10-27 13:26:01] wurstgelee : nope. u are trying to execute an order which is out of bounds - probably to the upside.
[2016-10-27 13:26:07] wurstgelee : u cant enter buy orders above .522 atm
[2016-10-27 13:26:19] justinlooking : 897 users wtf
[2016-10-27 13:26:28] wurstgelee : you could enter buy orders below lowerLimit. but not above upperLiimit
[2016-10-27 13:26:35] rapidtrades : yeah this place is getting popular
[2016-10-27 13:26:40] wurstgelee : and vice versa
[2016-10-27 13:26:52] Smartass : wurstgelee: would make sense it was supposed to be a merket order
[2016-10-27 13:26:52] wurstgelee : anyways, off for now, going home. bbl
[2016-10-27 13:26:55] justinlooking : or arthur's struck a deal with a benghali click farm lol
[2016-10-27 13:26:59] justinlooking : laters wurst\
[2016-10-27 13:27:08] Smartass : till later wurst
[2016-10-27 13:27:28] laisee : benghali clck farm == back office
[2016-10-27 13:27:31] uwotmate : Where is bitmex going to get the ZEC in order to back the contracts?
[2016-10-27 13:28:00] laisee : uwotmate: no physical delivery here. rtfm
[2016-10-27 13:28:01] sleger : they set up lots of miners
[2016-10-27 13:28:04] rapidtrades : nothing's backed here
[2016-10-27 13:28:05] justinlooking : uwotmate: they ain't deliverable futures. like most futures
[2016-10-27 13:28:06] BitMEX_Greg : uwotmate: ZEC is a derivative, all contracts are "cash" settled in Bitcoin
[2016-10-27 13:28:42] Smartass : uwotmate: cash settlement= no zec
[2016-10-27 13:28:50] Smartass : BitMEX_Greg: you were first...
[2016-10-27 13:28:55] uwotmate : u wot mate?
[2016-10-27 13:29:05] laisee : customer support on top form tionight ...
[2016-10-27 13:29:24] Gemz : BitMEX_Greg: if i want to buy from the sell orderbook does my 'place order' need to be still limit?
[2016-10-27 13:30:08] justinlooking : Gemz: doesn't need to be, but can be
[2016-10-27 13:30:24] Gemz : where dop i deposit btc lol
[2016-10-27 13:30:25] uwotmate : so there is no arbitrage mechanism between these futures contracts and the exchanges which will be trading "physical" zec
[2016-10-27 13:30:25] justinlooking : will ensure you don't pay higher than price, conversely, doesn't guarantee to get filled
[2016-10-27 13:30:45] Gemz : where do i deposit btc
[2016-10-27 13:30:55] sleger : Gemz: let me send you my wallet address
[2016-10-27 13:31:02] Gemz : ok
[2016-10-27 13:31:08] BitMEX_Greg : Gemz: https://www.bitmex.com/app/deposit
[2016-10-27 13:31:17] kay : Bitmex has a policy where it can close positions without our permission. I lost 2 btc in zec as a result.
[2016-10-27 13:31:30] BitMEX_Greg : uwotmate: There is arbitrage, just there is no cash settlement
[2016-10-27 13:31:34] Gemz : kay: which policy is that
[2016-10-27 13:31:39] laisee : Gemz: you can stop by the office and pay in at the cashiers desk.
[2016-10-27 13:31:47] BitMEX_Greg : kay: We don't have such a policy at all
[2016-10-27 13:32:04] kay : My zec position was closed without my knowledge.
[2016-10-27 13:32:39] elfix : hello. What is the deposit and withdraw limit on BitMex?
[2016-10-27 13:33:21] justinlooking : kay u got margin called bro
[2016-10-27 13:33:28] sleger : no he got ADLed
[2016-10-27 13:33:34] justinlooking : oh
[2016-10-27 13:33:45] sleger : I assume...
[2016-10-27 13:33:51] BitMEX_Greg : kay: You should have received an email
[2016-10-27 13:33:52] kay : I but 5 contracts of zec at .13 and placed a sell order at .82. After couple of days I found my position closed saying deleveraging although I had taken only 1x leverage.
[2016-10-27 13:33:54] sleger : otherwise he is really dumb
[2016-10-27 13:34:52] BitMEX_Greg : kay: That is different to us closing positions without your knowledge. We have clear guides on what the AutoDeleveraging system is and how it works
[2016-10-27 13:35:57] uwotmate : I don't understand how the genius tax is built in
[2016-10-27 13:36:02] sleger : he just didnt know he had given you permission to close his position when he opened it
[2016-10-27 13:36:11] elfix : Hello Greg. I didn't find the max deposit and Withdrawals on the help section. How much is it?
[2016-10-27 13:36:25] sleger : elfix: nolimit
[2016-10-27 13:36:32] BitMEX_Greg : elfix: We do not have any limits
[2016-10-27 13:36:40] elfix : ok cool
[2016-10-27 13:36:45] elfix : thanks
[2016-10-27 13:36:49] sleger : and there he goes deposit 2 bitcoins
[2016-10-27 13:39:31] laisee : 1.68 more likely
[2016-10-27 13:39:38] Smartass : If 2 biy orders have the same limit and they want to buy lets say 100 zec but the offering is only 70 at that price limit, how decides bitmex how much buyer A) and B) get? Will they be filled partially or will the oldest order be served full then next or how doese this work
[2016-10-27 13:39:55] Smartass : *buy Orders A and B
[2016-10-27 13:40:29] Smartass : A and B is meant no smiley
[2016-10-27 13:41:19] BitMEX_Greg : It's based off Price/Time priority
[2016-10-27 13:41:23] Smartass : And how is the priority of hidden orders? the same like visible ones? Lower?
[2016-10-27 13:41:44] Smartass : BitMEX_Greg: HI Greg how is priority calculated?
[2016-10-27 13:42:34] BitMEX_Greg : Smartass: Yes the same price/time priority
[2016-10-27 13:42:53] Gemz : BitMEX_Greg: where do i see my btc balance?
[2016-10-27 13:43:17] Gemz : o i see
[2016-10-27 13:43:48] BitMEX_Greg : Smartass: Price is the first priority, the better the price the more likely you are to get filled. Next is time priority, so if the price is the same then whoeever places the order first gets executed
[2016-10-27 13:44:07] BitMEX_Greg : Gemz: https://www.bitmex.com/app/wallet
[2016-10-27 13:45:32] uwotmate : what's up with this price ceiling?
[2016-10-27 13:45:40] uwotmate : It's anti-capitalism, anti-bitcoin
[2016-10-27 13:45:49] uwotmate : what country is this exchange located in?
[2016-10-27 13:45:53] BitMEX_Greg : uwotmate: We have limits on ZEC to restrict manipulation
[2016-10-27 13:46:08] BitMEX_Greg : uwotmate: The exchange is domiciled out of the Seychelles
[2016-10-27 13:47:10] uwotmate : I didn't know seychelles is a communist country
[2016-10-27 13:47:32] BitMEX_Greg : ?
[2016-10-27 13:47:34] billyboy402 : BitMEX_Greg: is it better to email or submit a support ticket , been waiting 12 hours for my support ticket #11941
[2016-10-27 13:48:37] BitMEX_Greg : billyboy402: Looking into it, we don't support google sheet integration. Quickest way for you to get the results you want is to download the data here: https://www.bitmex.com/app/fundingHistory
[2016-10-27 13:48:54] BitMEX_Greg : You can click on a symbol to only show that symbol
[2016-10-27 13:49:40] billyboy402 : yea , i got the api working , so i can pull 500 . but imn a little slow on getting it into google sheet
[2016-10-27 13:49:54] BitMEX_Greg : Yeah we limit the calls to 500 at a time
[2016-10-27 13:50:06] BitMEX_Greg : There is a github somewhere that does it automatically, let me see if i can find it
[2016-10-27 13:50:18] billyboy402 : thx mate
[2016-10-27 13:51:59] BitMEX_Greg : billyboy402: Our CTO wrote up a script here: https://github.com/BitMEX/easy-data-scripts
[2016-10-27 13:55:45] Rado : What price limit?
[2016-10-27 13:55:58] BitMEX_Greg : Rado: ZEC has 25% up/down limits
[2016-10-27 13:56:24] Rado : 25% per da?
[2016-10-27 13:56:30] Rado : Day
[2016-10-27 13:56:34] Smartass : when is reset of limit?
[2016-10-27 13:56:40] chromaticcr1 : 8 hour session
[2016-10-27 13:57:00] Gemz : BitMEX_Greg: what does that mean, 25% up/down limits
[2016-10-27 13:57:11] uwotmate : price ceiling creates a shortage
[2016-10-27 13:57:20] Smartass : so at 20:00h bitmex time tonight reset?
[2016-10-27 13:57:47] Smartass : or 22:00h didn't get that
[2016-10-27 13:57:55] BitMEX_Greg : Gemz: Every 8 hours we have a restriction on the up and down movement. It is used to prevent manipulation
[2016-10-27 13:58:00] uwotmate : WTB: Bitmex ZEC futures contract for greater than 5.2 with escrow
[2016-10-27 13:58:28] uwotmate : have to do this OTC to get around the limit
[2016-10-27 13:58:46] BitMEX_Greg : You want to buy above the limit?
[2016-10-27 13:58:52] uwotmate : yes
[2016-10-27 13:59:40] BitMEX_Greg : You can always put bids in in the meantime
[2016-10-27 14:00:18] sleger : 8 hours is a bit long just to prevent manipulation, 30 min should be enough
[2016-10-27 14:00:26] uwotmate : Anyone want to sell me the login and email address for their Bitmex account which contains ZEC?
[2016-10-27 14:00:43] BitMEX_Greg : uwotmate: We don't hold any ZEC here
[2016-10-27 14:00:59] uwotmate : I send BTC to an escrow, then he releases BTC to you after I verify the email address + Bitmex account and change the passwords
[2016-10-27 14:01:21] uwotmate : I'll pay more than 5.2 BTC per ZEC that is in the account
[2016-10-27 14:01:33] Rado : uwotmate: how much ZEC do you need?
[2016-10-27 14:01:34] sleger : 5.2 wow you're crazy
[2016-10-27 14:01:54] uwotmate : we can use one of these trusted escrows on BCT to make the deal: https://bitcointalk.org/index.php?topic=855778.0
[2016-10-27 14:01:57] Smartass : @sleger : if its to good to be true - it is ;)
[2016-10-27 14:02:06] BitMEX_Greg : uwotmate: You want to buy 1 ZEC at 5.2 Bitcoin?
[2016-10-27 14:02:06] sleger : or he cant type properly
[2016-10-27 14:02:20] Smartass : haha
[2016-10-27 14:02:58] uwotmate : Anyone have a bitmex account with around 20 ZEC in it that they want to sell to me for greater than 5.2 BTC/ZEC ?
[2016-10-27 14:03:46] Rado : uwotmate: you can buy them tomorrow on the exchange
[2016-10-27 14:04:05] uwotmate : what if it launches at higher than 0.52 ?
[2016-10-27 14:04:07] Rado : As Greg said here you don't own Zec
[2016-10-27 14:04:14] uwotmate : then I miss out on the profit
[2016-10-27 14:04:45] Rado : Now he changed it to .52
[2016-10-27 14:04:52] Rado : that makes more sense
[2016-10-27 14:06:29] uwotmate : - Let's say you have a Bitmex account that contains 10 ZEC contracts - I send 6 BTC to a trusted escrow - You give me the email address and Bitmex login - I login to accounts and change the passwords, so you lose access to accounts - Trusted escrow releases the 6 BTC to you after I have verified accounts
[2016-10-27 14:06:40] Bacon futures trader : lol 5.2 u bitches cray
[2016-10-27 14:06:55] uwotmate : This is how we can circumvent this communist price ceiling^^^
[2016-10-27 14:06:55] sleger : uwotmate: no you need to send 52 btc for 10zec
[2016-10-27 14:07:27] Bacon futures trader : Zcash is going to be such a shitshow with that low supply
[2016-10-27 14:08:11] uwotmate : we can start a market for OTC trading Bitmex login information for accounts that contain ZEC, in order to circumvent the communist price ceiling
[2016-10-27 14:09:44] Tetsuo : anything below 10 BTC per ZEC is a bargain, u can still gain maximum profits if you buy above 1 BTC tomorrow when it gets released
[2016-10-27 14:09:55] uwotmate : lol
[2016-10-27 14:10:25] aili : BitMEX_Greg: Hi Greg, wanted to ask you a question about cross magin, on zec. Isnt it supposed to be without liq. price?
[2016-10-27 14:10:31] skym : really going to go that high??
[2016-10-27 14:11:02] Tetsuo : 10 BTC is a conservative perspective
[2016-10-27 14:11:07] BitMEX_Greg : aili: I believe so, if you are cross then you should not have a liquidation price
[2016-10-27 14:11:54] skym : mmm
[2016-10-27 14:12:06] aili : BitMEX_Greg: then why does it says, that my liq. price is 0.934359?
[2016-10-27 14:12:13] BitMEX_Greg : aili: That is assuming you have enough margin in your account
[2016-10-27 14:12:21] skym : when are the first zcash coins being sold?
[2016-10-27 14:12:24] skym : at midnight?
[2016-10-27 14:12:24] BitMEX_Greg : aili: If you want to fully fund the position, then reset the leverage to 1x
[2016-10-27 14:12:48] uwotmate : price ceiling is utter poppycock
[2016-10-27 14:12:51] Tetsuo : he´s short that´s qhy he has a liq. price
[2016-10-27 14:13:01] uwotmate : the whole point of crypto is to be free from such things
[2016-10-27 14:13:10] uwotmate : let the invisible hand of the markets do its thing
[2016-10-27 14:13:16] Tetsuo : uwotmate: u are going to get rekt so hard
[2016-10-27 14:13:33] Tetsuo : even human stupidity has boundaries
[2016-10-27 14:13:34] uwotmate : ur mom is going to get rekt so hard
[2016-10-27 14:13:42] Gemz : skym: i believe fisrt day or first block will have 0 reward, anyone knows?
[2016-10-27 14:13:44] BitMEX_Greg : uwotmate: Appreciate the feedback, however the limits stand
[2016-10-27 14:14:22] Tetsuo : uwotmate: sry but my mom belongs to rapidtrades noob
[2016-10-27 14:14:23] uwotmate : Tetsuo, if you are so confident that buyers will be rekt, they why not open up a massive short?
[2016-10-27 14:14:38] aili : BitMEX_Greg: so i guess it will still have a liq price?
[2016-10-27 14:15:04] aili : no way to short it, without a liq. price)?
[2016-10-27 14:15:10] Tetsuo : i´m building a position>0.5 as we speak
[2016-10-27 14:15:17] BitMEX_Greg : aili: Yeah if you are short then you will have a liquidation price
[2016-10-27 14:15:36] BitMEX_Greg : aili: You will need to provide more margin to keep the short open
[2016-10-27 14:15:51] uwotmate : Actually I agree, buyers at this level will be rekt, better sell now
[2016-10-27 14:15:59] Gemz : uwotmate: bs
[2016-10-27 14:16:08] uwotmate : I'm out, this is too risky
[2016-10-27 14:16:18] skym : can't believe it's going to go to 10btc over night?!?!
[2016-10-27 14:16:26] uwotmate : You buy at 0.52+ and you will get pwned
[2016-10-27 14:16:27] Tetsuo : please god
[2016-10-27 14:16:35] Tetsuo : is this real life
[2016-10-27 14:17:08] dasdfasdf : Tetsuo: When would you be a seller?
[2016-10-27 14:17:23] aili : the problem here is the order book, i alone can make go to 1иесююю
[2016-10-27 14:17:28] Gemz : there will be a very limited supply, even after a whole month there will only be 100k zec, lets say each zec would be 2 btc it would put zcash marketcap around 140M which is normal for big projects at start
[2016-10-27 14:17:36] aili : one btc
[2016-10-27 14:18:32] Tetsuo : just coz there is limited supply it doesn´t mean that there will be enoguh idiots to prive a price floor above 0.5
[2016-10-27 14:18:53] uwotmate : I am betting there will be
[2016-10-27 14:18:56] Tetsuo : hey, i have a new anon coin, supply is limited to 1000 in total, olease make me rich
[2016-10-27 14:19:01] Gemz : Tetsuo: u are new to crypo?
[2016-10-27 14:19:14] chromaticcr1 : yunbi therocktrading already got an orderbook for you
[2016-10-27 14:19:19] Gemz : its not just supply
[2016-10-27 14:19:30] uwotmate : so much hype around this one, idiot noobs will buy buy buy, not realizing they are buying into a supply of a few thousands coins that will inflate like a mofo after 1 month
[2016-10-27 14:19:32] Tetsuo : Gemz: how many alts with a prie floor above 0.5 for more than a few days have i missed
[2016-10-27 14:19:40] Tetsuo : Gemz: yeah i know, they also have good devs lol
[2016-10-27 14:19:50] laisee : uwotmate: send 6 BTC and I will send the ZEC
[2016-10-27 14:20:08] Gemz : at what marketcap do u see zcash within the first week?
[2016-10-27 14:20:19] uwotmate : you have to give me login information for your email address and bitmex account. You don't get BTC until after I have changed passwords
[2016-10-27 14:20:31] uwotmate : we do deal through trusted escrow
[2016-10-27 14:20:56] sally : lmao you can have as many as you want for that price
[2016-10-27 14:21:03] uwotmate : and email address can't have any password reset option attached to it
[2016-10-27 14:21:42] laisee : nothing to stop u changing password then draining the account, sry
[2016-10-27 14:22:37] uwotmate : You have to sell me an account that ONLY contains ZEC and nothing else
[2016-10-27 14:23:32] laisee : umm. I don't have any ZEC, only ZEC contracts and BTC. k?
[2016-10-27 14:23:37] uwotmate : I send BTC to escrow, then he releases BTC to you only after I have changed the email address and Bitmex account passwords
[2016-10-27 14:24:04] sally : uwotmate: its not happening and your starting to sound scammy
[2016-10-27 14:24:21] laisee : why not just buy limit order here @ 0,52?
[2016-10-27 14:24:32] uwotmate : How could I scam if I send BTC to escrow first?
[2016-10-27 14:24:50] uwotmate : then the BTC is out of my hands before you give me email and bitmex account information
[2016-10-27 14:25:05] Rado : uwotmate: it takes 1 confirmation to send BTC to you BitMEX account
[2016-10-27 14:25:05] Gemz : why dont u send btc to bitmex and trade here
[2016-10-27 14:25:06] laisee : uwotmate: buy some contracts here ... simpler
[2016-10-27 14:25:08] sleger : then you hard fork bitcoin and reverse the transaction !!
[2016-10-27 14:25:20] sally : ok I will escrow send btc to this address...
[2016-10-27 14:25:30] Rado : after you have an account there will be a lot of people willing to sell you ZEC
[2016-10-27 14:25:39] uwotmate : This is the only way of circumventing the 0.52 price limit on ZEC
[2016-10-27 14:25:54] Rado : uwotmate: no it's not
[2016-10-27 14:25:59] sally : I think someone is high
[2016-10-27 14:26:03] Rado : i told you how to do it
[2016-10-27 14:26:11] Rado : stop asking now
[2016-10-27 14:26:13] sally : Smoked a bong and came to fantasise
[2016-10-27 14:26:21] Rado : lol
[2016-10-27 14:26:33] uwotmate : Please explain how I can buy ZEC contract for 0.55 BTC right now?
[2016-10-27 14:26:47] BitMEX_Greg : uwotmate: You can place limit buy orders
[2016-10-27 14:26:52] laisee : buy contracts here
[2016-10-27 14:27:33] uwotmate : Can't buy above the 0.522512 limit right now
[2016-10-27 14:27:44] laisee : uwotmate: its like someone standing in a whorehouse asking how to get laid ...
[2016-10-27 14:28:44] uwotmate : there's a price limit of 0.522512 BTC on ZEC contracts, so the only way to buy above that price is to buy an account which contains ZEC contract through a escrowed deal
[2016-10-27 14:29:01] uwotmate : I don't know why people are struggling to grasp this simple concept
[2016-10-27 14:29:07] dasdfasdf : Whats happens when you put an limit order above that?
[2016-10-27 14:29:08] sally : uwotmate: yeah, and no ones doing it so chill out
[2016-10-27 14:29:22] uwotmate : it throws an error message that it is above limit
[2016-10-27 14:29:34] sally : I make money off people like this every day
[2016-10-27 14:29:42] BitMEX_Greg : uwotmate: The barrier has been hit which is 0.522512
[2016-10-27 14:30:59] Gemz : BitMEX_Greg: price greater than session limit upprice, is this what u meant by 8 hours window to prevent manipulation?
[2016-10-27 14:31:08] BitMEX_Greg : Gemz: Yes
[2016-10-27 14:31:45] Gemz : so its also not possible to just buy from the sell order at 0.529499?
[2016-10-27 14:32:24] Rado : https://twitter.com/Poloniex/status/791648296112680960
[2016-10-27 14:32:51] Gemz : BitMEX_Greg: so its also not possible to just buy from the sell order at 0.529499?
[2016-10-27 14:32:59] zfan : uwotmate: lol, people are slow mate thats the fact
[2016-10-27 14:33:50] BitMEX_Greg : Gemz: You can check the limit up price in the Instrument table.
[2016-10-27 14:34:36] aili : @BitMEX_Greg So can you explain how does it work? Lets say i opened a short, now i want to close it, what for should i wait?
[2016-10-27 14:35:57] rx84 : @BitMEX_Greg where're the docs describing price caps?
[2016-10-27 14:36:45] BitMEX_Greg : aili: Limit up / down prices restrict price movements from going above or below those respective price.
[2016-10-27 14:36:48] BitMEX_Greg : prices*
[2016-10-27 14:37:06] uwotmate : I predict the pump on poloniex tomorrow will disregard any rational consideration of the supply
[2016-10-27 14:37:11] Gemz : BitMEX_Greg: how long left until the 8 hours is over, will there be a notification? and at what time each day will it start?
[2016-10-27 14:37:34] BitMEX_Greg : rx84: You can see the limit up / down prices for all instruments in the Instrument Panel down the bottom. Currently ZEC is the only one to have them
[2016-10-27 14:38:49] BitMEX_Greg : Gemz: Every 8 hours at 04:00 UTC, 12:00 UTC and 20:00 UTC. Next one is just over 5 hours away
[2016-10-27 14:39:10] uwotmate : what happens if poloniex price goes up above the bitmex limit tomorrow?
[2016-10-27 14:39:31] aili : @BitMEX_Greg and how much will it adjust in 5 hours time?
[2016-10-27 14:40:11] BitMEX_Greg : uwotmate: We will be marking to last price until we have settled on a reference price exchange
[2016-10-27 14:40:22] BitMEX_Greg : aili: 25% on the last price before the interval is over
[2016-10-27 14:40:31] Rado : I can already foresee a lot of people losing money on ZEC
[2016-10-27 14:41:44] uwotmate : ah okay. Yes of course people will rush to pump it to some ridiculous price, then anyone who holds too long will get pwned by the inflation
[2016-10-27 14:42:09] uwotmate : it's going to be really entertaining
[2016-10-27 14:42:58] Gemz : BitMEX_Greg: for how long does this price move restriction take each time?
[2016-10-27 14:43:20] BitMEX_Greg : Gemz: How do you mean? It is until the price hits the limit
[2016-10-27 14:43:36] aili : so its almost a trap, theres no way, out if youve shorted. Of course there will be a hype, each interval, strange politics.
[2016-10-27 14:44:14] Gemz : BitMEX_Greg: i mean for how long am i not able to put an order above the limit
[2016-10-27 14:44:49] chromaticcr1 : BitMEX_Greg: just wonder how would "liquid" be defined. like >50BTC turnover within 12 hours?
[2016-10-27 14:45:01] BitMEX_Greg : Gemz: The limit will be reset in just over 5 hours from now
[2016-10-27 14:45:38] BitMEX_Greg : chromaticcr1: ZEC is going to be in short supply, we should see a clear winner for liquidity in the short term
[2016-10-27 14:49:00] zfan : BitMEX_Greg: so once there is a ref price on the exchange the limit would be gone?
[2016-10-27 14:49:49] chromaticcr1 : but marking to a market that is even less lqiuid than here might be more risky imho
[2016-10-27 14:50:10] BitMEX_Greg : zfan: Once we have decided on an exchange to use as a reference price then yes the limit will be gone
[2016-10-27 14:50:23] Rado : chromaticcr1: why would it be less liquid?
[2016-10-27 14:50:42] zfan : BitMEX_Greg: thanks
[2016-10-27 14:54:57] Rado : BitMEX_Greg: after I close a trade there is no easy way to see profit/loss
[2016-10-27 14:55:08] Rado : or maybe I don't know how
[2016-10-27 15:02:20] aethlios : how is it going delusional zcash bulls?? are you pumping to 1??
[2016-10-27 15:03:27] uwotmate : It's gonna crash down to 0.1 on poloniex tomorrow
[2016-10-27 15:03:39] kay : BitMEX_Greg: I need some advice about opening a position
[2016-10-27 15:03:44] uwotmate : people who are buying for 0.522512 are going to get rekt very fast
[2016-10-27 15:04:07] BitMEX_Greg : kay: Sure what's up
[2016-10-27 15:04:19] uwotmate : I'm exiting now with my profit before the big dump on polo
[2016-10-27 15:04:27] BitMEX_Greg : Rado: What are you looking for
[2016-10-27 15:04:32] mike23aa : hello
[2016-10-27 15:04:34] wurstgelee : aethlios: lolz. you should be happy we made u pull that ,2 short order. stop complaining :)
[2016-10-27 15:04:41] Gemz : uwotmate: no cus at even 1 btc each zec, marketcap will be super low and zcash is a big project and gonna be have higher marketcap, i think top 5
[2016-10-27 15:05:08] mike23aa : how much time it take to withdraw from Bitcoin account?
[2016-10-27 15:05:13] wurstgelee : aethlios: also i already told u its going to parity :p
[2016-10-27 15:05:20] wurstgelee : so no news here
[2016-10-27 15:05:23] uwotmate : it's going to dump hard on polo
[2016-10-27 15:05:33] wurstgelee : ofc it will
[2016-10-27 15:05:39] wurstgelee : pump first tho
[2016-10-27 15:05:41] uwotmate : no coin holds above 0.5 BTC, doesn't matter what the supply is
[2016-10-27 15:05:49] uwotmate : I'm selling for a profit now, I'm out
[2016-10-27 15:05:59] uwotmate : no one ever got rekt by taking a profit
[2016-10-27 15:06:00] wurstgelee : ever heard of 42 coin?
[2016-10-27 15:06:08] laisee : someone is talking teh book tehy'd like to have tomorrow.
[2016-10-27 15:06:08] aethlios : polo will have 90% of volume, 3 days at most, all miners will rush to dump.
[2016-10-27 15:06:08] Gemz : uwotmate: 42 coin was over 10 btc each and it was a shitty scam coin
[2016-10-27 15:06:12] wurstgelee : :D
[2016-10-27 15:06:22] uwotmate : this is dumping hard
[2016-10-27 15:06:32] wurstgelee : yes, but not that early
[2016-10-27 15:06:33] uwotmate : I'm selling now before it crashes down to 0.25
[2016-10-27 15:06:39] kay : BitMEX_Greg: I want to open a position in zec and I don't want my positionget disturbed by the autodeleveraging system. What should I do?
[2016-10-27 15:06:55] Gemz : whats autodeleveraging?
[2016-10-27 15:07:08] wurstgelee : the new dpe
[2016-10-27 15:07:21] BitMEX_Greg : kay: No way to avoid autodeleveraging unfortunately. If it happens, it happens
[2016-10-27 15:07:22] wurstgelee : instead of haircuts aka dpe, positions get forcefully closed now
[2016-10-27 15:07:35] BitMEX_Greg : kay: However you can track how likely you are to get autodeleveraged with the indicators bars
[2016-10-27 15:07:39] aethlios : uwotmate: wait for next limit up, people here offer free btc
[2016-10-27 15:07:45] BitMEX_Greg : kay: read more here: https://www.bitmex.com/app/autoDeleveraging
[2016-10-27 15:08:15] kay : @BitMEX_Greg thanks
[2016-10-27 15:09:11] wurstgelee : hint: put your sell ~ .650 ;)
[2016-10-27 15:09:13] aethlios : we shorts will start our attack next 48 hours, a warning to bulls.
[2016-10-27 15:09:40] wurstgelee : aethlios: u wont :p
[2016-10-27 15:09:43] wurstgelee : too early
[2016-10-27 15:09:50] kay : Cheers zec at 5 tomorrow. Crazy cryptoworld
[2016-10-27 15:10:05] wurstgelee : kay: impossible....due to 25% up per 8h max
[2016-10-27 15:10:48] kay : wurstgelee: someone said limits would go off after a exchange listing
[2016-10-27 15:10:52] sleger : looks like bitmex went recruiting all their new clients in school for mentally challenged people
[2016-10-27 15:11:22] HotPotatototo : "Order could not be submitted: Price greater than session limitUpPrice"
[2016-10-27 15:11:25] wurstgelee : kay: probably polo listing. i doubt bitmex will chose any other exchange that listed earlier
[2016-10-27 15:11:37] wurstgelee : no sure if polo lists on day 1 tho
[2016-10-27 15:11:45] wurstgelee : HotPotatototo: yep
[2016-10-27 15:11:48] aethlios : bitmex keep the limit until polo spot stabilizes and volume increases.
[2016-10-27 15:11:48] Rado : they will
[2016-10-27 15:11:54] Rado : I just posted a twit from them
[2016-10-27 15:12:05] wurstgelee : tomorrow?
[2016-10-27 15:12:12] HotPotatototo : wurstgelee: what does that mean?
[2016-10-27 15:12:17] Rado : https://twitter.com/Poloniex/status/791648296112680960
[2016-10-27 15:12:20] HotPotatototo : "session limitUpPrice"
[2016-10-27 15:12:38] Rado : #Zcash will be available for trading on Oct 28th. We will announce when the $ZEC market is live.
[2016-10-27 15:12:46] wurstgelee : HotPotatototo: it can go up or down 25% from lastPrice in previous session atm
[2016-10-27 15:12:56] kay : There will be less than 200 coins in the first 2 days.with polo liquidity and eth fall zec will be boom house.
[2016-10-27 15:13:01] wurstgelee : as long as there is no spot exchange available for marking
[2016-10-27 15:13:11] wurstgelee : kay: exactlxy. :D
[2016-10-27 15:13:12] poes : lol but because of the slow mining start the price will be insane
[2016-10-27 15:13:14] wurstgelee : *-x
[2016-10-27 15:13:55] Rado : and the only way to short ZEC will be here
[2016-10-27 15:13:57] wurstgelee : yet aethlios still thinks it dumps within 48h on 200 ZEC total supply
[2016-10-27 15:14:04] wurstgelee : i cant see how that will work
[2016-10-27 15:14:05] Rado : BitMEX rocks :-)
[2016-10-27 15:14:16] wurstgelee : Rado: polo margin early on maybe
[2016-10-27 15:14:23] Rado : no
[2016-10-27 15:14:30] Gemz : wurstgelee: what 25% up per 8h?
[2016-10-27 15:14:31] Rado : Polo never enables margin early
[2016-10-27 15:14:53] Rado : some coins have been trading for a long time there and no margin still
[2016-10-27 15:16:20] wurstgelee : Gemz: theres a spread in which trades can be executed within a session. a session is 8h. the spread is +/-25% of the last Price in previous session.
[2016-10-27 15:16:52] wurstgelee : the limit will be removed once there is marking to some spot exchange
[2016-10-27 15:17:11] wurstgelee : its up to bitmex to decide when trhe marking will be switched
[2016-10-27 15:17:26] wurstgelee : iirc, this process is not transparent to traders. it will happens when it happens