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 20:44:52] Kahir : i see
[2016-10-27 20:44:58] wurstgelee : not selling below limit: yes...right now
[2016-10-27 20:44:58] Kahir : so it will be linked to polo
[2016-10-27 20:45:04] wurstgelee : not selling without limits? nooooo
[2016-10-27 20:45:09] Kahir : with no limit
[2016-10-27 20:45:10] Kahir : bamm
[2016-10-27 20:45:10] Tetsuo : whis doeas that mean?
[2016-10-27 20:45:20] wurstgelee : whis?
[2016-10-27 20:45:23] Tetsuo : are we all goin to die?
[2016-10-27 20:45:24] sleger : whis
[2016-10-27 20:45:42] Tetsuo : damn
[2016-10-27 20:45:47] wurstgelee : whis is zec?
[2016-10-27 20:45:54] Tetsuo : god
[2016-10-27 20:45:59] uwotmate : zcrash
[2016-10-27 20:48:12] NL007 : uwotmate: it will be soon
[2016-10-27 20:49:08] wurstgelee : it will rain
[2016-10-27 20:50:08] martinium : rain tears of rekt for all the shorts shorting zec too damn early
[2016-10-27 20:50:40] Gemz : best time to sell zec at that wall
[2016-10-27 20:51:24] Gemz : i ll wait one more pump to and will sell a couple hundred contracts
[2016-10-27 20:52:21] Gemz : in my dreams ofc
[2016-10-27 20:53:25] wurstgelee : https://twitter.com/loomdart/status/791736429923667968
[2016-10-27 20:53:35] wurstgelee : every heard of yolobit ROM? ;)
[2016-10-27 20:57:13] XZC COIN : Why is it when I buy a long zec contract it automatically cancel my order
[2016-10-27 20:57:34] uwotmate : da limit
[2016-10-27 20:57:44] sleger : when does it reset ?
[2016-10-27 20:58:12] NL007 : wurstgelee: those ROMs ended bad
[2016-10-27 20:58:35] dasdfasdf : sleger: yeah but why cant i buy
[2016-10-27 20:58:46] uwotmate : dat limit doe
[2016-10-27 20:59:49] XZC COIN : what do you mean limit
[2016-10-27 21:00:41] uwotmate : https://blog.bitmex.com/site_announcement/preparation-for-zcash-launch-limit-notice/
[2016-10-27 21:02:14] Bacon futures trader : How are those 40 contracts going to get liquidated
[2016-10-27 21:02:32] Bacon futures trader : because there are like only 50 offers lol
[2016-10-27 21:02:37] Tetsuo : i guess futures of soon to be released coins will become new standard for the shitcoin industry, congrats to bitmex
[2016-10-27 21:03:58] Tetsuo : what´s next in the pipeline? Tetsuocoin could be hot, awesome dev and great community
[2016-10-27 21:06:50] uwotmate : I wonder if those 37 contract liquidations are first in line to knock out all 19 sell orders
[2016-10-27 21:06:55] XZC COIN : So no one can buy anymore zec contract due to limit?
[2016-10-27 21:07:15] Tetsuo : green usernames are first in line
[2016-10-27 21:07:16] lord : yea, like the last 10 times ...
[2016-10-27 21:07:26] uwotmate : might be pointless to even have any money on here at this point if the liquidations will be eating all the sell orders
[2016-10-27 21:07:41] uwotmate : might as well send BTC to be ready on polo
[2016-10-27 21:07:50] Tetsuo : plz go
[2016-10-27 21:08:22] rapidtrades : if we're at limit up, why don't u idiots sell
[2016-10-27 21:09:49] Tetsuo : sellin at the bottom is for fools
[2016-10-27 21:10:47] Tetsuo : i hope they all leave after they get liquidated
[2016-10-27 21:11:16] QuantFocus : @BitMEX_Sam: you guys should be increasing leverage on ZEC since you're removing the limits. way too easy to manipulate the book right now
[2016-10-27 21:11:23] rapidtrades : Tetsuo: how do u know it's a bottom dumbo
[2016-10-27 21:11:56] Tetsuo : it was a joke u goddamn fool
[2016-10-27 21:12:34] rapidtrades : u can't say fool twice, nitwit
[2016-10-27 21:12:38] Tetsuo : QuantFocus: 20x will be active in 8 hours
[2016-10-27 21:12:53] QuantFocus : Tetsuo: where do you see that?
[2016-10-27 21:13:03] Tetsuo : mod told me in IRC
[2016-10-27 21:13:12] Tetsuo : announcment will come soon
[2016-10-27 21:13:21] lockhedge : QuantFocus: how should increasing leverage help?
[2016-10-27 21:13:32] wurstgelee : 23:08 - rapidtrades: if we're at limit up, why don't u idiots sell
[2016-10-27 21:13:33] wurstgelee : lol
[2016-10-27 21:13:37] sleger : more liquidity with leverage
[2016-10-27 21:13:38] wurstgelee : u know nothing about crypto
[2016-10-27 21:13:41] wurstgelee : =)
[2016-10-27 21:14:08] QuantFocus : lockhedge: and higher liquidations amount
[2016-10-27 21:14:11] QuantFocus : it's actually better for longs
[2016-10-27 21:17:10] kryptopojken : do u guys think ZEC can spike up to like 5BTC?
[2016-10-27 21:17:17] sleger : yes
[2016-10-27 21:17:23] Tetsuo : yes
[2016-10-27 21:17:23] Kahir : 10 btc
[2016-10-27 21:17:27] sleger : 50 is probably tops
[2016-10-27 21:17:34] uwotmate : I think it goes 100+ BTC on polo tomorrow
[2016-10-27 21:17:35] kryptopojken : lol that would be such a scam
[2016-10-27 21:17:36] lockhedge : sleger: you are still short, right?
[2016-10-27 21:17:37] habibi : sadly (coz of adl here) but yes it can without problem
[2016-10-27 21:17:38] Tetsuo : 10 at least, then sideways for 1-2 weeks
[2016-10-27 21:17:48] kryptopojken : are u guys serious?
[2016-10-27 21:17:53] Tetsuo : ?
[2016-10-27 21:18:02] kryptopojken : so $6800 per ZEC?
[2016-10-27 21:18:03] uwotmate : no, it's going to crash, sell into that buy wall while you still have a chance
[2016-10-27 21:18:20] uwotmate : don't get burned on this one
[2016-10-27 21:18:25] uwotmate : now is time to sell
[2016-10-27 21:18:26] habibi : kryptopojken: people will buy this at ridiculus price, just to sell it at ridiculus + x
[2016-10-27 21:18:41] habibi : and its totally normal
[2016-10-27 21:19:18] Tetsuo : this time it´s different
[2016-10-27 21:19:22] kryptopojken : hmm
[2016-10-27 21:19:40] kryptopojken : im going to short but i dont wanna get rekt because of a scam spike
[2016-10-27 21:19:49] poes : ridiculus is an understatement lol
[2016-10-27 21:19:56] poes : there will be +- 375k coins in existence by the end of the year: https://z.cash/blog/slow-start-and-mining-ecosystem.html
[2016-10-27 21:19:59] habibi : kryptopojken: ffs its people buying
[2016-10-27 21:20:02] poes : so 375000*0.783768 = 293913 BTC
[2016-10-27 21:20:05] habibi : kryptopojken: so fomo spike, not scam spike
[2016-10-27 21:20:08] laisee : "New currency Zcash to be enabled on Friday, October 28th - BFX"
[2016-10-27 21:20:08] poes : 293913 * 680 = 199860840 USD market cap (only ethereum and bitcoin will have larger market cap)
[2016-10-27 21:20:09] zcasher : it's not premined..
[2016-10-27 21:20:18] zcasher : it's not that much
[2016-10-27 21:20:24] kryptopojken : habibi: i guess
[2016-10-27 21:20:34] habibi : kryptopojken: just be very careful with shorting
[2016-10-27 21:20:55] kryptopojken : my liq price on my small short is 10.46 lol
[2016-10-27 21:21:16] kryptopojken : it would be insane if i got liquidated
[2016-10-27 21:22:11] habibi : nope, it would be insane if u would not :)
[2016-10-27 21:23:14] kryptopojken : damn u got me scared now
[2016-10-27 21:23:57] laisee : sold my ZEC.when does it list on spot markets?
[2016-10-27 21:25:05] habibi : kryptopojken: don't know, i can assure u fomo will be big but cant say how big
[2016-10-27 21:25:35] 99991111 : my auto deleverage bar is yellow. How do I make sure I don't get auto deleveraged?
[2016-10-27 21:25:42] 99991111 : on zec
[2016-10-27 21:25:56] Tetsuo : pay the mods
[2016-10-27 21:26:01] lockhedge : kryptopojken: as long as people like sleger are short, don't worry
[2016-10-27 21:26:14] habibi : lockhedge: he is long :)
[2016-10-27 21:26:47] Tetsuo : he smart
[2016-10-27 21:27:30] 99991111 : will it sell ally my positions on auto deleverage?
[2016-10-27 21:28:05] Tetsuo : your username is green so probably only around 40%
[2016-10-27 21:28:21] sleger : lol
[2016-10-27 21:28:27] sleger : oh same for me :D
[2016-10-27 21:28:38] 99991111 : is that what that means?
[2016-10-27 21:28:41] BitMEX_Greg : lockhedge is in for some trouble
[2016-10-27 21:28:45] BitMEX_Greg : oh so am I
[2016-10-27 21:29:35] 99991111 : hey bitmex_greg, I've got 4 bars in auto deleverage. Any hints on what I can do to not have to force sell zec?
[2016-10-27 21:29:42] sleger : no you cant trade here !
[2016-10-27 21:29:56] sleger : 99991111: 2 options : option 1 and option 2
[2016-10-27 21:30:06] BitMEX_Greg : 99991111: You can attempt to reduce your leverage
[2016-10-27 21:30:10] sleger : thats option 1
[2016-10-27 21:30:14] sleger : and ....
[2016-10-27 21:30:21] BitMEX_Greg : 99991111: You can close your position
[2016-10-27 21:30:27] sleger : no thats not an option
[2016-10-27 21:30:33] 99991111 : i have 15 contracts. If I close 1, does that help?
[2016-10-27 21:30:35] BitMEX_Greg : well losing pnl isnt really either
[2016-10-27 21:30:40] Tetsuo : u can´t close the future of money
[2016-10-27 21:30:50] BitMEX_Greg : 99991111: Not really
[2016-10-27 21:30:53] sleger : there is another option
[2016-10-27 21:31:19] BitMEX_Greg : He can sell all existing liquidated orders so noone will be deleveraged
[2016-10-27 21:31:23] sleger : that's option 2 for those that are following
[2016-10-27 21:31:27] wurstgelee : https://twitter.com/ErikVoorhees/status/791748179280613377
[2016-10-27 21:31:37] Tetsuo : BitMEX_Greg: don´t listen to Bitmex_Greg, he red, he bad, known scammer
[2016-10-27 21:31:40] sleger : no i mean an option where he can keep his position
[2016-10-27 21:31:43] wurstgelee : and thats when u know u have reached a level of unmatched fomo for an unreleased alt....
[2016-10-27 21:32:22] 99991111 : what does sell all existing liquidated orders mean?
[2016-10-27 21:32:28] Tetsuo : whis
[2016-10-27 21:32:46] wurstgelee : clearly whis
[2016-10-27 21:32:49] 99991111 : I have 15 ZEC contracts, in at 0.35
[2016-10-27 21:32:53] 99991111 : I want to hold
[2016-10-27 21:32:54] BitMEX_Greg : 99991111: Nevermind, basically there are 124 orders that may get deleveraged. If someone shorts them, then they will have been filled
[2016-10-27 21:33:59] 99991111 : it says 33 contracts are liquidated
[2016-10-27 21:34:05] 99991111 : in the 124
[2016-10-27 21:34:12] wurstgelee : so.....if nothing happens.....limits change.....price moves up..everyone gets ADL? oO
[2016-10-27 21:34:32] wurstgelee : well, not everyone
[2016-10-27 21:34:40] BitMEX_Greg : 99991111: Yes, sorry you are correct
[2016-10-27 21:34:52] wurstgelee : oh ok
[2016-10-27 21:34:58] Tetsuo : wurstgelee: only the ones that aren´T green
[2016-10-27 21:35:04] wurstgelee : nvm
[2016-10-27 21:35:06] wurstgelee : ;)
[2016-10-27 21:35:08] 99991111 : If I sell 1 contract now, I have less leverage, right?
[2016-10-27 21:35:18] BitMEX_Greg : 99991111: No
[2016-10-27 21:35:33] wurstgelee : Tetsuo: it could still hit green ones, no?
[2016-10-27 21:35:35] wurstgelee : theoretically
[2016-10-27 21:35:41] BitMEX_Greg : 99991111: Try to move down to 1x leverage
[2016-10-27 21:35:51] 99991111 : if I made a deposit, I have less leverage?
[2016-10-27 21:36:01] 99991111 : i'm at 1.26x
[2016-10-27 21:36:01] wurstgelee : 99991111: u are on cross then
[2016-10-27 21:36:05] lockhedge : 99991111: 33/461 = 7.16%, so if only 4 lights are lit (not 5), you won't get ADLed because of that
[2016-10-27 21:36:15] Tetsuo : wurstgelee: Bitmex mods were very clear about it in hidden IRC , green ones are safe
[2016-10-27 21:36:27] wurstgelee : Tetsuo: lol :D
[2016-10-27 21:36:31] 99991111 : when the price goes up, I will be ADL though, right?
[2016-10-27 21:36:37] wurstgelee : from current liquidations maybe
[2016-10-27 21:36:41] wurstgelee : not from future ones
[2016-10-27 21:36:46] 99991111 : next 25%
[2016-10-27 21:36:51] BitMEX_Greg : 99991111: not necessarily, depends on where other users are at
[2016-10-27 21:36:56] wurstgelee : next 50%
[2016-10-27 21:37:05] 99991111 : 25% each 8 hours
[2016-10-27 21:37:06] wurstgelee : limits spreads have been increased
[2016-10-27 21:37:10] wurstgelee : read latest announcement
[2016-10-27 21:37:17] wurstgelee : will be removed tomorrow
[2016-10-27 21:37:41] wurstgelee : that how we jumped from .52 to current price
[2016-10-27 21:37:42] sleger : Tetsuo: his green is kind of pale though
[2016-10-27 21:37:43] wurstgelee : +50%
[2016-10-27 21:37:45] Tetsuo : https://en.wikipedia.org/wiki/Oort_cloud is the limit then
[2016-10-27 21:37:51] lockhedge : 99991111: probably big shorter - like sleger ;) - are on very low leverage, so hard to say how many contracts get liquidated
[2016-10-27 21:38:06] wurstgelee : sleger didnt short
[2016-10-27 21:38:29] 99991111 : sorry, so what actions do I take? I only have 0.23 BTC available balance
[2016-10-27 21:38:30] wurstgelee : he started at the recent race for longs ;)
[2016-10-27 21:38:31] Tetsuo : smart money...
[2016-10-27 21:38:38] 99991111 : if I deposit more, does it help?
[2016-10-27 21:38:38] wurstgelee : got 3 iirc
[2016-10-27 21:39:19] wurstgelee : 99991111: if lowering leverage helps, yes
[2016-10-27 21:39:22] wurstgelee : than it would help
[2016-10-27 21:39:26] 99991111 : I don't understand how selling 1 doesn't reduce leverage
[2016-10-27 21:39:27] sleger : 99991111: option 2 is you deposit in a second account, you trade your position against the first one (when limit reopens) this way you put back your unrealized to zero and your place in queue for ADL will decrease a lot
[2016-10-27 21:39:32] BitMEX_Greg : 99991111: If you deposit more funds and lower your leverage then yes
[2016-10-27 21:39:37] wurstgelee : selling one will reduce leverage as well
[2016-10-27 21:39:42] wurstgelee : if u are on cross
[2016-10-27 21:40:05] sleger : option 2 is the best and a proof the current ranking system is flawed
[2016-10-27 21:40:19] wurstgelee : it will increase available balance and therefore reduce leverage
[2016-10-27 21:40:29] 99991111 : i am on cross
[2016-10-27 21:40:33] 99991111 : i don't know what that means
[2016-10-27 21:40:37] wurstgelee : then selling one would reduce leverage
[2016-10-27 21:40:45] wurstgelee : cross margin
[2016-10-27 21:41:04] wurstgelee : whats your current leverage?`zec?
[2016-10-27 21:41:17] 99991111 : 1.26x
[2016-10-27 21:41:22] wurstgelee : lol
[2016-10-27 21:41:25] wurstgelee : and its set to?
[2016-10-27 21:41:30] wurstgelee : radio button?
[2016-10-27 21:41:32] 99991111 : cross
[2016-10-27 21:41:36] wurstgelee : see? :D
[2016-10-27 21:41:38] Tetsuo : ur clearly doomed
[2016-10-27 21:41:51] 99991111 : what the heck does that mean?
[2016-10-27 21:41:59] wurstgelee : 99991111: dude... :D
[2016-10-27 21:42:10] wurstgelee : you use your entire balance as margin in cross mode
[2016-10-27 21:42:29] wurstgelee : so..if u deposit more btc, your balance increases -> leverage goes down
[2016-10-27 21:42:37] 99991111 : good
[2016-10-27 21:42:47] 99991111 : and also selling one, margin goes down, right?
[2016-10-27 21:42:50] wurstgelee : u sell a contract -> position size decreases (balance increases as well) -> leverage down
[2016-10-27 21:42:53] wurstgelee : those are your options
[2016-10-27 21:42:54] wurstgelee : =)
[2016-10-27 21:43:02] wurstgelee : yes
[2016-10-27 21:43:05] 99991111 : also deposit new account seems best...
[2016-10-27 21:43:11] sleger : of course it is
[2016-10-27 21:43:18] sleger : its hacking the system
[2016-10-27 21:43:24] wurstgelee : bringing more btc in is always the best decision
[2016-10-27 21:43:27] wurstgelee : ;)
[2016-10-27 21:43:31] sleger : you lower your risk of ADL without changing actual risk
[2016-10-27 21:43:31] Tetsuo : +1
[2016-10-27 21:43:42] 99991111 : how much of my position will get sold in ADL?
[2016-10-27 21:43:50] wurstgelee : noone wants anyone to cause ADL
[2016-10-27 21:43:51] sleger : all of it
[2016-10-27 21:43:51] Tetsuo : color...
[2016-10-27 21:43:58] wurstgelee : better have that margin available on cross ;)
[2016-10-27 21:44:24] sebaas : This is getting a bit crazy no? As soon as those 33 contracts liquidate, price is 4:1, this will trigger a cascade no?
[2016-10-27 21:44:28] lockhedge : sleger: how can you trade against yourself? seems not possible during this session
[2016-10-27 21:45:28] slaventius : Hi . where zcash deposit adress.???
[2016-10-27 21:45:31] Tetsuo : https://en.wikipedia.org/wiki/Goethe%27s_Faust
[2016-10-27 21:45:46] uwotmate : only 22 visible orders until next limit
[2016-10-27 21:46:05] Tetsuo : slaventius: in 8 hours there will be a new one, olds have reached their limit
[2016-10-27 21:46:37] QuantFocus : BitMEX_Greg: are you guys increasing leverage on zec
[2016-10-27 21:46:39] wurstgelee : i heard they are still selling some deposit adresses in the red light district. bring a kidney
[2016-10-27 21:48:59] kryptopojken : BitMEX_Greg: will u make liquidations manually the first few days? i feel like there is a blatant risk of manipulation and insane liquidation cascades if you leave it to be automatically market settled
[2016-10-27 21:49:16] wurstgelee : i can answer that: no
[2016-10-27 21:49:22] wurstgelee : :)
[2016-10-27 21:49:35] Tetsuo : liq above 100BTC are probably safe, i heard there will be a limit
[2016-10-27 21:50:06] kryptopojken : wurstgelee: u mean there will be a margin call cascade then probably?
[2016-10-27 21:50:24] wurstgelee : no, i mean: manual liquidations wont happen here
[2016-10-27 21:50:37] wurstgelee : also cascades cant happen because of upper and lower limit circuit breaker
[2016-10-27 21:50:48] sebaas : that will be removed tomorrow no?
[2016-10-27 21:50:55] Tetsuo : 8h
[2016-10-27 21:50:56] wurstgelee : the upper limit breaker is what u see in action right now ;)
[2016-10-27 21:51:04] lockhedge : wurstgelee: but limits will be lifted...
[2016-10-27 21:51:10] wurstgelee : lockhedge: yes
[2016-10-27 21:51:13] sebaas : Oct 28, 12:00 UTC: Limits will be removed entirely.
[2016-10-27 21:51:22] sebaas : so massive margin cascade then I guess
[2016-10-27 21:51:27] wurstgelee : the moment between no limits and first spot trade will be.......wild
[2016-10-27 21:51:38] wurstgelee : *hours probably
[2016-10-27 21:54:34] 99991111 : sold 1, down to 1.18x, three bars
[2016-10-27 21:54:41] wurstgelee : ;)
[2016-10-27 21:55:17] 99991111 : I'm not sure how to play this now
[2016-10-27 21:55:39] sebaas : why can't there be set a stop llmit, which market orders as soon as bid increases with limit being lifted
[2016-10-27 21:55:41] sebaas : @sam
[2016-10-27 21:55:54] sebaas : I tried to do it before, but it got rejected
[2016-10-27 21:56:08] 99991111 : how do I even get orders in? As soon as the limit increases, it's just a race?
[2016-10-27 21:56:22] QuantFocus : because longs want to fomo this is up to force liquidations
[2016-10-27 21:56:44] wurstgelee : https://twitter.com/22loops/status/791756688940490752
[2016-10-27 21:56:48] wurstgelee : lolz
[2016-10-27 21:57:10] wurstgelee : 99991111: last time it was a race
[2016-10-27 21:57:24] wurstgelee : and it currently looks like another race next time
[2016-10-27 21:57:33] BitMEX_Sam : sebaas: Check the reject reason in your order history
[2016-10-27 21:57:41] 99991111 : i missed it last time, so shorts will get rekt, and longs get auto deleveraged?
[2016-10-27 21:57:53] wurstgelee : 99991111: check the order history
[2016-10-27 21:57:58] sebaas : BitMEX_Sam: limit up price
[2016-10-27 21:58:00] wurstgelee : 20 utc
[2016-10-27 21:58:12] 99991111 : what's the fastest thing to do? hit market order as fast as possible?
[2016-10-27 21:58:21] wurstgelee : everyone tried that
[2016-10-27 21:58:22] BitMEX_Sam : sebaas: Use a Stop Market order, not Stop Limit
[2016-10-27 21:58:25] wurstgelee : few got lucky
[2016-10-27 21:58:43] QuantFocus : BitMEX_Sam: what's the story with leverage amount when you go off limits?
[2016-10-27 21:58:53] BitMEX_Sam : QuantFocus: No change planned.
[2016-10-27 22:00:22] QuantFocus : oh boy, lol
[2016-10-27 22:01:09] millrenrame1971 : i've got deliverage and understand reason. But why all my stop-orders were cancelled?
[2016-10-27 22:01:37] lockhedge : BitMEX_Sam: shouldn't ZEC stay on last price marking until there is a spot market that is more liquid than the future?
[2016-10-27 22:01:47] Tetsuo : the game is rigged i want my zec and i want i tknow, in 8 h the price will probably be 5BTC, stop foolin everyone@Bitmex. Buyin all the cheap ZEC in the meanwhile
[2016-10-27 22:01:48] BitMEX_Sam : lockhedge: Yes, that is the plan.
[2016-10-27 22:02:15] BitMEX_Sam : millrenrame1971: You can hover over the `Canceled` text for more info.
[2016-10-27 22:02:19] wurstgelee : which is effectively no marking between no limits and marking to spot
[2016-10-27 22:02:50] BitMEX_Sam : During that time, it just behaves like a traditional market. It will be expensive to run the price up and down if users are paying attention
[2016-10-27 22:02:59] BitMEX_Sam : But that risk is something traders should be aware of.
[2016-10-27 22:03:07] wurstgelee : yep.
[2016-10-27 22:03:08] lockhedge : BitMEX_Sam: so why raise the limits then before you change the mark method? or did i misunderstand your plans?
[2016-10-27 22:03:18] wurstgelee : risky af but thats what i like tbh ;)
[2016-10-27 22:03:27] Tetsuo : whis risk?
[2016-10-27 22:03:35] wurstgelee : lockhedge: what if spots trades out of limits?
[2016-10-27 22:03:38] BitMEX_Sam : We are raising the limit width so it will better follow spot markets. That is different than choosing a spot market and marking to it.
[2016-10-27 22:03:46] wurstgelee : and futures cant follow spot here?
[2016-10-27 22:03:58] wurstgelee : there cant be limits once spot trading is live
[2016-10-27 22:04:10] lockhedge : wurstgelee: price of spot trades should only matter if the spot market is more liquid than the future (see above)
[2016-10-27 22:04:21] 99991111 : I think 3 green bars is pretty safe
[2016-10-27 22:04:27] gladimor : Could you guys just remove limits today?
[2016-10-27 22:04:35] wurstgelee : gladimor: read announcement
[2016-10-27 22:04:40] gladimor : I have read it
[2016-10-27 22:04:45] wurstgelee : then u know the answer
[2016-10-27 22:04:48] wurstgelee : ;)
[2016-10-27 22:05:03] gladimor : If it could be removed today, it
[2016-10-27 22:05:06] gladimor : would be better
[2016-10-27 22:05:17] wurstgelee : u cant anounce a schedule and then act different
[2016-10-27 22:05:19] wurstgelee : ....
[2016-10-27 22:05:29] wurstgelee : *n
[2016-10-27 22:05:34] wurstgelee : for so many reasons
[2016-10-27 22:05:37] wurstgelee : =)
[2016-10-27 22:05:55] 99991111 : where is the anouncement?
[2016-10-27 22:06:05] rapidtrades : IT'S A ZECMANIA OVER HERE
[2016-10-27 22:06:21] QuantFocus : BitMEX_Sam: you guys seem to be changing the rules in the middle of the game
[2016-10-27 22:06:23] GentlyCaress : oh,, my god..
[2016-10-27 22:06:24] 99991111 : ahh the bullhorn
[2016-10-27 22:06:29] GentlyCaress : what can i do..
[2016-10-27 22:06:34] GentlyCaress : my 13btc is gone
[2016-10-27 22:06:44] QuantFocus : it should retain limits until a spot market is in play
[2016-10-27 22:06:45] GentlyCaress : i did margin sell on z cash
[2016-10-27 22:06:53] BitMEX_Greg : QuantFocus: That is what is happening
[2016-10-27 22:07:05] QuantFocus : not really
[2016-10-27 22:07:07] GentlyCaress : and now.. i lost 13btc,,
[2016-10-27 22:07:19] Rado : GentlyCaress: how many did you short?
[2016-10-27 22:07:28] GentlyCaress : 26zcash
[2016-10-27 22:07:33] 99991111 : GentlyCaress: why did you short zcash?
[2016-10-27 22:07:33] GentlyCaress : on 0.02
[2016-10-27 22:07:34] QuantFocus : BitMEX_Greg: you're removing limits and allowing it to move freely until a spot market is liqiud enough to use as mark price
[2016-10-27 22:07:35] GentlyCaress : 0.2
[2016-10-27 22:07:36] BitMEX_Greg : QuantFocus: We will not remove the limits until it trades on a spot market
[2016-10-27 22:07:38] kryptopojken : BitMEX_Greg: what if spot market spikes up like crazy because of the super limited supply?
[2016-10-27 22:07:38] wurstgelee : ouch
[2016-10-27 22:07:47] BitMEX_Greg : kryptopojken: That is where spot market trades
[2016-10-27 22:07:49] habibi : GentlyCaress: u just gave them away :)
[2016-10-27 22:07:53] Rado : 26 ZEC is 13.6761 XBT
[2016-10-27 22:07:56] Rado : so that will do it
[2016-10-27 22:08:00] Rado : you got liquidated
[2016-10-27 22:08:08] wurstgelee : we had a lengthy discussion in this very trollbox about why shorting .2 is a really bad idea
[2016-10-27 22:08:10] wurstgelee : ;)
[2016-10-27 22:08:27] GentlyCaress : ....
[2016-10-27 22:08:30] 99991111 : so orders open again at 9pm?
[2016-10-27 22:08:36] 99991111 : or limit increases
[2016-10-27 22:08:41] wurstgelee : 99991111: 5h 52 mins
[2016-10-27 22:08:50] Rado : 99991111: resets every 8 hours
[2016-10-27 22:08:59] wurstgelee : be sure to be here in time for the race :p
[2016-10-27 22:09:02] 99991111 : i can't place orders now?
[2016-10-27 22:09:09] wurstgelee : nope. not above limit
[2016-10-27 22:09:15] 99991111 : what if you do it 1 second early?
[2016-10-27 22:09:21] wurstgelee : nope
[2016-10-27 22:09:34] GentlyCaress : why do u thick zcash will be 13bit??
[2016-10-27 22:09:35] wurstgelee : 4 utc straight
[2016-10-27 22:09:36] Rado : that's why you only see sell orders now
[2016-10-27 22:09:39] GentlyCaress : i ursurd
[2016-10-27 22:09:39] wurstgelee : not a sec earlier ;)
[2016-10-27 22:09:40] 99991111 : did you get any wurstgelee?
[2016-10-27 22:09:53] XBT_Saver : how come the liquidation of the 30 zcash contracts has not been adl'd yet?
[2016-10-27 22:09:58] wurstgelee : i have some bought weeks ago
[2016-10-27 22:10:10] wurstgelee : sold most for more than great profits, letting the rest roll
[2016-10-27 22:10:16] Tetsuo : the times they are a cahnign, i ner ver thought that shortin an alt @ 0.8 could be dangerous
[2016-10-27 22:10:18] GentlyCaress : i cant believe zcash is 0.78
[2016-10-27 22:10:20] wurstgelee : also got 1 in recent race
[2016-10-27 22:10:24] wurstgelee : ;)
[2016-10-27 22:10:45] 99991111 : wurst, eventually, you get ADL, though right?
[2016-10-27 22:10:47] wurstgelee : Tetsuo: its not only dangerous, it would be stupid imo
[2016-10-27 22:10:49] 99991111 : you can't let it roll
[2016-10-27 22:10:52] wurstgelee : with current conditions
[2016-10-27 22:10:59] wurstgelee : 99991111: yep, adl prob
[2016-10-27 22:11:14] 99991111 : I guess a few days ago, it was easy to buy back in
[2016-10-27 22:11:15] wurstgelee : right now everything green tho
[2016-10-27 22:11:31] GentlyCaress : i think bitmex is too dangerlous
[2016-10-27 22:11:40] wurstgelee : because?
[2016-10-27 22:11:45] wurstgelee : u can lose a lot of money fast?
[2016-10-27 22:11:46] Tetsuo : GentlyCaress: hacked and robbed?
[2016-10-27 22:11:57] noobeater : How do I buy 0.5 worth of zcash
[2016-10-27 22:12:07] Tetsuo : noobeater: 8
[2016-10-27 22:12:11] rapidtrades : u can't atm
[2016-10-27 22:12:31] rapidtrades : we're at limit up....guess u can match that limit 122
[2016-10-27 22:12:40] micmix : Zcash (ZEC) trading begins on Kraken this Friday, October 28!
[2016-10-27 22:12:41] habibi : GentlyCaress: noone will save u from loosing money, bitmex just helped u to do it faster
[2016-10-27 22:13:01] rapidtrades : habibi: this is why noone likes u
[2016-10-27 22:13:05] Tetsuo : fuck me, even rapid is helpin the shitcoinnoobs, times are claerly changin
[2016-10-27 22:13:07] REKT : Liquidated long on `XRP7D`: Sell 5000 @ 0.00001228
[2016-10-27 22:13:35] rapidtrades : this is fun, pure degen
[2016-10-27 22:13:39] rapidtrades : mode
[2016-10-27 22:13:42] habibi : rapidtrades: ur money needs to like me, people dont
[2016-10-27 22:13:56] GentlyCaress : habibi: my god.
[2016-10-27 22:14:05] sebaas : at 4:00 utc, it will run up to next cap at 1.175652 instantly
[2016-10-27 22:14:15] GentlyCaress : habibi: i think bitmex going some tricky
[2016-10-27 22:14:33] rapidtrades : limits were a baaad idea
[2016-10-27 22:14:33] sebaas : will limit be removed after that increase?
[2016-10-27 22:14:36] GentlyCaress : this price is ridyculous
[2016-10-27 22:14:41] habibi : GentlyCaress: its normal feeling when u loose money, but i can assure u they do not, u just dont understand all the rules correctly
[2016-10-27 22:14:56] wurstgelee : GentlyCaress: lol?
[2016-10-27 22:15:05] wurstgelee : u think this price is fake?
[2016-10-27 22:15:06] rapidtrades : ppl are so stupid here they use the limits as targets
[2016-10-27 22:15:31] rapidtrades : kinda what happened in china earlier this year
[2016-10-27 22:15:32] Progamer : Z cash shit
[2016-10-27 22:15:38] Progamer : wtf
[2016-10-27 22:15:53] GentlyCaress : yes.. it it made to liquade to margin sell
[2016-10-27 22:16:22] GentlyCaress : this zcash price cant be normal
[2016-10-27 22:16:30] wurstgelee : ? traders trade. bitmex provides platform.
[2016-10-27 22:16:32] wurstgelee : it is
[2016-10-27 22:16:34] Progamer : but it is
[2016-10-27 22:16:36] Progamer : is
[2016-10-27 22:16:53] sebaas : no one here thinks this will be the price in 6 months time :p
[2016-10-27 22:16:54] Tetsuo : limited supply is a game changer
[2016-10-27 22:16:59] wurstgelee : i personally know someone who tried to get as many as he can get under current price but only managed to buy 1 ;)
[2016-10-27 22:17:00] habibi : GentlyCaress: this is nature of fomo on every market, u were stupid to short it and u need to deal with it
[2016-10-27 22:17:14] sebaas : but since this is limited supply, and everyone getting trapped, everyone wants to play the game
[2016-10-27 22:17:25] wurstgelee : no
[2016-10-27 22:17:29] wurstgelee : no limited supply here
[2016-10-27 22:17:35] Tetsuo : beanie babies FTW
[2016-10-27 22:17:37] wurstgelee : there is no limit to open contracts
[2016-10-27 22:17:39] 99991111 : there are 20 total contracts till the next limit
[2016-10-27 22:17:45] 99991111 : I wonder if someone could win them all?
[2016-10-27 22:17:57] Tetsuo : lucky bastard
[2016-10-27 22:18:26] BitMEX_Greg : Gotta catch them all
[2016-10-27 22:21:49] GentlyCaress : i want to destroy my account
[2016-10-27 22:21:52] RoftheN : Damn I missed the zec train. I'll mine it though
[2016-10-27 22:22:08] noobeater : How can I transfer my balance to margin account
[2016-10-27 22:22:10] Tetsuo : "Adjust XBTZ16 Risk Limit" well that´s a new one
[2016-10-27 22:22:18] GentlyCaress : how can i delete my accout?
[2016-10-27 22:22:48] justinlooking : email support to change ur email and forget passwd
[2016-10-27 22:22:58] BitMEX_Greg : GentlyCaress: Sorry about your loss, send as a support ticket.
[2016-10-27 22:33:08] negamax : guys help me understand, since it's autoliquidation on zcash, why aren't it going further up? Shouldn't it buy on market
[2016-10-27 22:34:27] wurstgelee : circuit breaker aka upper and lower limits
[2016-10-27 22:34:37] BitMEX_Greg : negamax: Mark price needs to move, but we are at the max limit up so it cannot move further
[2016-10-27 22:34:43] wurstgelee : +/-50 of last price of previous session
[2016-10-27 22:34:54] wurstgelee : +/- 50%
[2016-10-27 22:35:24] jordanbitfort : price limit will rise in 3.5 hours to 1.5 x .783 = 1.14 BTC then will be capped until zcash launch
[2016-10-27 22:36:26] lockhedge : would any of you buy 1 zcash for 1 BTC on a spot market?
[2016-10-27 22:38:01] negamax : lockhedge: no way; but many shorters are trapped now for sure
[2016-10-27 22:38:29] negamax : BitMEX_Greg: @wurstgelee thanks; I was about to sell into this; good I asked
[2016-10-27 22:39:23] micmix : lockhedge: pumpers will buy on spot, they can easily spend 100 btc to pump and supply will be very limited
[2016-10-27 22:40:46] negamax : BitMEX_Greg: I see final balance on my deposit address higher than in Bitmex wallet. How's that possible?
[2016-10-27 22:40:55] jordanbitfort : first mined block of zcash will reward only .007 ZEC. with a 2.5 min block time there will be verrryyyy few zec to trade
[2016-10-27 22:41:07] j8 : and today shorters realized they're screwed because tomorrow bitmex will remove limits and mark to spot. pretty cruel
[2016-10-27 22:42:03] Coach_Z : what does marking to spot mean?
[2016-10-27 22:42:05] lockhedge : micmix: yes, but 100 btc trading volume is nothing. why should this futures move because 0.01 btc is traded for 0.005 zcash at yunbi?
[2016-10-27 22:43:04] micmix : lockhedge: it shouldn't, it should not be marked to spot until spot volume is decent
[2016-10-27 22:43:25] Coach_Z : what does it mean when they mark to spot?
[2016-10-27 22:43:35] wurstgelee : j8: as a shorter, i would have switched to 2x at the last limit. hope for the best and close some...mc the rest
[2016-10-27 22:43:42] negamax : yeah, mark to spot doesn't make sense; that's not how futures work
[2016-10-27 22:43:51] wurstgelee : no other way out unless you have really deep pockets and are willing to sit it out
[2016-10-27 22:45:33] kryptopojken : wurstgelee: what liq price would you believe is "safe" for a short
[2016-10-27 22:45:40] Coach_Z : 2x limits their loss to 50%?
[2016-10-27 22:47:52] negamax : hey everyone, I have different balance on my bitmex wallet and on blockchain. Any idea what could be the reason? It's multisig wallet
[2016-10-27 22:47:59] negamax : did bitmex made some error here?
[2016-10-27 22:49:06] BitMEX_Sam : negamax: You've traded on your account.
[2016-10-27 22:49:11] BitMEX_Sam : We don't settle all your PNL on the blockchain.
[2016-10-27 22:49:35] mjones : looks like i should have went all in ZEC when that big wall was at .24
[2016-10-27 22:51:18] mjones : 440% profit
[2016-10-27 22:51:29] jm : These ZECZ16s have me totally confused
[2016-10-27 22:51:34] jm : Is it too late to short?
[2016-10-27 22:51:50] mjones : no you can short. there is a 123 wall
[2016-10-27 22:51:51] negamax : BitMEX_Sam: something doesn't add up. If I withdraw from my Bitmex wallet won't it be reflected on the blockchain?
[2016-10-27 22:51:55] Coach_Z : not too late for short jm!
[2016-10-27 22:52:14] Coach_Z : 123 contracts waiting to be shorted!
[2016-10-27 22:52:15] lockhedge : jm: ask selger
[2016-10-27 22:52:19] BitMEX_Sam : negamax: Not necessarily, it might not come from that address.
[2016-10-27 22:52:29] negamax : BitMEX_Sam: got you; thanks
[2016-10-27 22:52:32] mjones : short now. lose it all in 3 hours
[2016-10-27 22:53:04] miramm1115 : BitMEX_Sam: Hi Sam! Could you please increase api rate limit a bit for this account? I'm hitting the limit from time to tim after adding all XBJ contracts and XBTZ16, and I would like to post even more quotes
[2016-10-27 22:53:05] mjones : it's going to be such a high price when listed on all these exchanges. as people all scramble to send 0.005 ZEC to an exchange for $100
[2016-10-27 22:53:23] mjones : if you are lucky enough to mine that much
[2016-10-27 22:53:27] BitMEX_Sam : miramm1115: Sure, let me take a look at your activity.
[2016-10-27 22:53:38] jm : mjones: yah but it's a future not an option
[2016-10-27 22:53:44] jm : just want for it to settle down
[2016-10-27 22:53:47] Coach_Z : wtf does this mark to spot price even mean?
[2016-10-27 22:54:07] Coach_Z : "we will mark ZECZ16 to the most liquid ZEC spot exchange"
[2016-10-27 22:54:23] jm : mjones: you are saying the liquidation will kick in
[2016-10-27 22:54:28] mjones : everyone is going to get adled on the pump
[2016-10-27 22:54:32] mjones : there wont be any open contracts left
[2016-10-27 22:54:45] BitMEX_Greg : Coach_Z: when a spot exchange becomes liquid then the index price will defer to that spot price
[2016-10-27 22:54:47] BitMEX_Sam : Coach_Z: All of our products reference an index, plus basis depending on the contract type. That is what we are referring to
[2016-10-27 22:55:03] mjones : next pump 140 some in longs will be closed
[2016-10-27 22:55:03] sebaas : BitMEX_Greg: what would be considered liquid in this case
[2016-10-27 22:55:04] kryptopojken : BitMEX_Greg: what is considered liquid?
[2016-10-27 22:55:07] sebaas : that will take days no?
[2016-10-27 22:55:26] BitMEX_Greg : sebaas: @kryptopojken An exchange that has the majority of turnover
[2016-10-27 22:55:43] BitMEX_Greg : possibly yes
[2016-10-27 22:55:45] sleger : including bitfinex ?
[2016-10-27 22:55:54] sebaas : but is there a floor on the turnover
[2016-10-27 22:56:06] sleger : yes zero
[2016-10-27 22:56:12] sleger : moron
[2016-10-27 22:56:15] negamax : BitMEX_Greg: @BitMEX_Sam it's Dec 30 contract. No way you guys can mark it to spot before it; hope I am getting it right
[2016-10-27 22:56:33] Tetsuo : no
[2016-10-27 22:56:43] BitMEX_Sam : negamax: We're well aware of how futures trade with basis, our marking methods take that into account
[2016-10-27 22:57:04] sebaas : lol sleger, 0.1 btc turnover is not 'safe to mark'
[2016-10-27 22:57:32] sleger : sebaas: do you know what floor means ?
[2016-10-27 22:57:36] BitMEX_Sam : miramm1115: I've given your limit a boost, please email us if you come across any issues.
[2016-10-27 22:57:51] sebaas : yeah ok, point to you, you know what i mean tho
[2016-10-27 22:57:58] miramm1115 : BitMEX_Sam: thanks Sam, much appreciated
[2016-10-27 22:58:03] sleger : i just wanted my point @sebaas
[2016-10-27 22:58:04] sebaas : what is the minimum volume to start thinking about marking it
[2016-10-27 22:58:36] Coach_Z : is the order going to go in faster with the api, or the web?
[2016-10-27 22:58:50] sleger : lol
[2016-10-27 22:59:10] BitMEX_Sam : Coach_Z: They are the same.
[2016-10-27 22:59:14] lockhedge : BitMEX_Sam: okc futures are marked to last price (for liquidations). because it's the most liquid btc market. don't you think that BitMEX futures could become as important for ZCash as okc for btc?
[2016-10-27 22:59:42] BitMEX_Sam : lockhedge: That's a possibility. We'll be watching spot volumes, if there is not a clear leader for some time we will continue on LastPrice marking until there is.
[2016-10-27 23:00:20] BitMEX_Sam : If our volumes are significantly higher then we will further defer, but any such decision will be at our discretion.
[2016-10-27 23:01:35] uwotmate : I read wikipedia article on futures yet I'm still a little confused on marking to spot
[2016-10-27 23:01:47] negamax : BitMEX_Sam: this marking to spot on future contract seems like because bitmex will be losing money on margin squares? as gap up is pretty big and don't get covered by 2x limit placed originally
[2016-10-27 23:02:01] uwotmate : if tomorrow spot price on poloniex is steady at 1 btc, what effect does that have on the market here?
[2016-10-27 23:02:17] BitMEX_Sam : negamax: We don't lose money on any trading, liquidations are handled by the engine & ADL.
[2016-10-27 23:02:40] lockhedge : BitMEX_Sam: sure, but any decision during the coming 14 days might decide which market will become the most liquid. don't hand your nr.1 position over to polo too soon ;)
[2016-10-27 23:02:45] BitMEX_Sam : That is not the motivation - we are trying to provide the smoothest trading experience but this is rather uncharted territory.
[2016-10-27 23:02:52] BitMEX_Sam : lockhedge: :+1:
[2016-10-27 23:03:19] wurstgelee : polo will be nr.1 spot exchange. no doubt.
[2016-10-27 23:03:47] miramm1115 : got my first delev today: Your long XBJ24H position was deleveraged by 16 contracts at a price of 72554.
[2016-10-27 23:04:08] miramm1115 : this made me lol: your XBJ24H position was identified as a high-risk or high-profit position
[2016-10-27 23:04:24] negamax : BitMEX_Sam: that's not true if the square off price is outside of client margin. which will be the case imo. Apologies for being pedantic :)
[2016-10-27 23:04:26] BitMEX_Sam : Of course, high-profit is relative and percentage-based.