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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[2016-10-29 11:17:08] rapidtrades : has zec mining difficulty adjusted
[2016-10-29 11:17:25] Gemz : why is the btc price lower than other exchanges?
[2016-10-29 11:17:40] laisee : yes. going up slowly
[2016-10-29 11:19:23] laisee : "difficulty" : 25914.81278858,
[2016-10-29 11:22:01] cryptor : guys, .. quick fee question .. does the BTC swap cost 0.517% fee a day ? (1,001719^3-1) ?
[2016-10-29 11:22:56] rapidtrades : nope
[2016-10-29 11:23:15] cryptor : what does it cost then ?
[2016-10-29 11:23:32] rapidtrades : 0.517%
[2016-10-29 11:23:39] rapidtrades : u'll pay it in 37 mins
[2016-10-29 11:23:59] rapidtrades : wait...
[2016-10-29 11:24:04] cryptor : thats what I said right? 0.517%?
[2016-10-29 11:24:05] rapidtrades : it says 0.17
[2016-10-29 11:24:20] rapidtrades : that's what u'll pay now
[2016-10-29 11:24:28] rapidtrades : and 0.3% in 8 hrs...if ur long
[2016-10-29 11:24:33] cryptor : yes therefore: 1,001719^3-1
[2016-10-29 11:24:36] rapidtrades : shorts receive that
[2016-10-29 11:24:50] rapidtrades : no.....every 8h period is calculated seperately
[2016-10-29 11:25:22] cryptor : ok, but 0.517% a day is an enormous fee
[2016-10-29 11:25:33] cryptor : thats 557% a year
[2016-10-29 11:25:46] rapidtrades : u got it
[2016-10-29 11:25:57] cryptor : who does that?
[2016-10-29 11:26:09] rapidtrades : average is 40-60% per annum from our records
[2016-10-29 11:26:22] rapidtrades : but we're going up now...so longs pay the price
[2016-10-29 11:27:32] rapidtrades : more then usual :)
[2016-10-29 11:27:43] cryptor : ok, so just to be sure fee for futures is 0,075% (taker) + 0.05% (settlement) = 0,125% correct?
[2016-10-29 11:28:04] rapidtrades : no the swap never settles
[2016-10-29 11:28:19] cryptor : I mean for the future contract
[2016-10-29 11:28:25] rapidtrades : yeah
[2016-10-29 11:28:34] rapidtrades : sounds about right
[2016-10-29 11:29:03] cryptor : so fee wise just for a day its 0.125% (future) vs. 0.517% (swap)
[2016-10-29 11:29:15] cryptor : is that correct?
[2016-10-29 11:29:56] rapidtrades : kinda....but that 0.517% is a trasfer from longs to short, not a fee per say
[2016-10-29 11:30:47] cryptor : I just don't get why anyone would use the swap if you have the choice to take the future
[2016-10-29 11:30:52] rapidtrades : also it's dynamic, it changes all the time...generall tho longs pay
[2016-10-29 11:31:07] rapidtrades : leverage, liquidity
[2016-10-29 11:31:18] rapidtrades : also if u long the future u pay $40 premium irght away
[2016-10-29 11:31:19] cryptor : leverage is the same by now right?
[2016-10-29 11:31:26] rapidtrades : right
[2016-10-29 11:31:28] cryptor : 100 for both instruments
[2016-10-29 11:31:36] rapidtrades : so liquidity :)
[2016-10-29 11:32:17] rapidtrades : costs for future are front-loaded...so if we crash u could see that $40 premium halve right away
[2016-10-29 11:32:54] rapidtrades : in any case, it's very expensive to long BTC here
[2016-10-29 11:33:05] cryptor : thats what I think yeah
[2016-10-29 11:33:51] cryptor : I mean you need to make more than 557% per year with the swap just to be even ...
[2016-10-29 11:36:44] rapidtrades : cheapest long here is JPY weekly i think it has same premium as on okc
[2016-10-29 11:36:50] rapidtrades : around $5
[2016-10-29 11:36:51] cryptor : one more question ... swap (XBTUSD) seems to have ~ 4800 bitcoin volume while future (XBTZ16 ) has only 440
[2016-10-29 11:37:16] rapidtrades : right...it's lot more liquid
[2016-10-29 11:37:20] cryptor : so apparently x10 times more people use the swap
[2016-10-29 11:37:37] rapidtrades : yes, lot of stupid ppl here
[2016-10-29 11:37:42] cryptor : :)
[2016-10-29 11:38:08] cryptor : ok crazy thanks for your help :)
[2016-10-29 11:38:16] rapidtrades : :)
[2016-10-29 11:40:22] rapidtrades : are pools releasing their ZECs?
[2016-10-29 11:40:45] cryptor : just one more thing ... you can't have long and short positions in the swap at the same time right? while you can do that with the futures
[2016-10-29 11:41:15] dasdfasdf : with different settlement dates
[2016-10-29 11:41:25] dasdfasdf : swap doesnt have any
[2016-10-29 11:42:35] rapidtrades : cryptor: u can't be long and short on the same instrument
[2016-10-29 11:42:58] cryptor : but with futures you can right?
[2016-10-29 11:43:21] cryptor : on okcoin you can be long and short on the same instrument
[2016-10-29 11:43:26] cryptor : on okcoin
[2016-10-29 11:43:35] cryptor : oh its censors my words
[2016-10-29 11:43:42] cryptor : i mean the ok exchange
[2016-10-29 11:44:22] cryptor : so can you be long and short in a futures instrument here on bitmex
[2016-10-29 11:44:42] cryptor : at the same time I mean
[2016-10-29 11:45:18] rapidtrades : nope
[2016-10-29 11:45:42] cryptor : thats really bad
[2016-10-29 11:45:54] cryptor : why is that not allowed?
[2016-10-29 11:46:06] rapidtrades : idk...reasons
[2016-10-29 11:46:23] rapidtrades : we asked to change it and they won't so it's pointless battle
[2016-10-29 11:47:17] cryptor : ok thanks again for clarifikation ...
[2016-10-29 11:47:27] rapidtrades : one zec cloud mining firm turned out to be a scam
[2016-10-29 11:47:42] dasdfasdf : imagine that
[2016-10-29 11:47:43] dasdfasdf : only 1?
[2016-10-29 11:47:51] Tetsuo : we are also still waiting for those additional buttons, "close short/long"
[2016-10-29 11:48:06] kogroken : yeah
[2016-10-29 11:48:41] dasdfasdf : Tetsuo: Whats wrong with current close button/
[2016-10-29 11:49:10] Tetsuo : if you hit it twice by accident you open a position in the different direction
[2016-10-29 11:49:17] rapidtrades : wow is that true
[2016-10-29 11:49:36] Tetsuo : rapidtrades: plz stop trolling
[2016-10-29 11:49:47] rapidtrades : ...
[2016-10-29 11:50:19] rapidtrades : is it true or not? i'm not a retard who hits buttons twice so wouldn't know
[2016-10-29 11:50:33] Tetsuo : yes, it´s true
[2016-10-29 11:51:20] rapidtrades : can anyone who's not Tetsuo confirm?
[2016-10-29 11:51:38] rapidtrades : he has a propensity toward lying
[2016-10-29 11:51:51] Tetsuo : WTF`? Succ accustions
[2016-10-29 11:52:45] Tetsuo : buy then zec, then hit sell 10 zec twice and see what´s going to happen for yourself
[2016-10-29 11:53:13] rapidtrades : right...just buy this coin that costs $1000 to test
[2016-10-29 11:53:48] rapidtrades : now 24 ZECs in asks on polo
[2016-10-29 11:55:22] rapidtrades : there's over 170 BTC to chew through until we hit 1.3 on polo
[2016-10-29 11:55:48] rapidtrades : afaik that's more then ZECs in existence right now
[2016-10-29 11:57:03] fiq : how come 24 zec
[2016-10-29 11:58:37] Greg_Colbourn : This is all you need to know: https://z.cash/blog/slow-start-and-mining-ecosystem.html Supply and demand. There will be 1000x more ZEC on Dec 30th, so comparing spot price to this futures contract is stupid
[2016-10-29 12:02:04] Gemz : what do the 5 bars mean next to the price?
[2016-10-29 12:02:25] chromaticcr1 : Gemz: u gonna have fun when ADL happens
[2016-10-29 12:04:29] Gemz : lets say my liq price is 700, will adl get me out higher than 700 or also at 700?
[2016-10-29 12:07:58] BitMEX_Wally : Gemz: If you are long then you would only get ADL if the price rose and some shorts got liquidated but not closed out. So you would be closed out above the current price at a profit
[2016-10-29 12:08:38] kryptopojken : BitMEX_Wally: how can one prevent ADL?
[2016-10-29 12:09:43] BitMEX_Wally : Positions are ranked based on unrealised profit and effective leverage, so you can reduce leverage or take profit to prevent ADL
[2016-10-29 12:09:52] BitMEX_Wally : More information here: https://www.bitmex.com/app/autoDeleveraging
[2016-10-29 12:10:01] kryptopojken : ok thx
[2016-10-29 12:10:24] Gemz : BitMEX_Wally: atm i have 1 green bar, so the chances of adl are low right?
[2016-10-29 12:10:39] BitMEX_Wally : Yes
[2016-10-29 12:10:50] lopol : how about shorting and adl?
[2016-10-29 12:11:04] kryptopojken : i have 3 green bars even though im on cross margin, why is this? I have a lot of spare btc
[2016-10-29 12:11:44] BitMEX_Wally : kryptopojken: There might be lots of short positions with the same leverage who have slightly less profit so you are relatively higher ranked
[2016-10-29 12:11:59] kryptopojken : i see
[2016-10-29 12:12:19] lopol : BitMEX_Wally: do bitmex offer market making or are all the offers from traders?
[2016-10-29 12:12:48] BitMEX_Wally : lopol: All orders are from traders
[2016-10-29 12:12:55] Gemz : BitMEX_Wally: can u get adl's when the 5 bars arent full or must they all 5 get full in order to get adl
[2016-10-29 12:13:00] BitMEX_Wally : Some of them are professional market makers. BitMEX does not trade here
[2016-10-29 12:14:01] BitMEX_Wally : Gemz: The bars just show your quintile in the queue. You could be all 5 bars but unless there is an ADL event you won't be ADLd
[2016-10-29 12:30:18] Gemz : why isnt the realized pnl moving, only unrealized moves
[2016-10-29 12:30:50] BitMEX_Wally : RealisedPNL moves when you realise PNL by closing a position, or paying/receiving funding
[2016-10-29 12:36:27] rapidtrades : 1.1 vs 7....what a fake 'ZEC' market
[2016-10-29 12:37:01] rapidtrades : we've come from removing limits and marking to market to capping price until we feel time is right
[2016-10-29 12:37:03] chromaticcr1 : this is not a fuc_ing spot market
[2016-10-29 12:37:18] rapidtrades : chromaticcr1: f*ck u
[2016-10-29 12:37:34] chromaticcr1 : XBTZ16 is trading at 740, how fake
[2016-10-29 12:37:46] rapidtrades : THAT'S NOT 80% DISCOUNT IS IT
[2016-10-29 12:38:02] rapidtrades : jesus christ u ppl will use anything to justify ur stupidity
[2016-10-29 12:38:04] BitMEX_Wally : I think rapidtrades is just trolling so sleger comes online and bitch slaps him as usual
[2016-10-29 12:38:08] chromaticcr1 : when you take into acount of inflation (aka fair basis)
[2016-10-29 12:38:15] chromaticcr1 : BitMEX_Wally: lol
[2016-10-29 12:38:25] rapidtrades : BitMEX_Wally: sleger and me are friends...we haven't fought in ages
[2016-10-29 12:38:40] sleger : rapidtrades: doesnt your brain fit in your super tiny apartment ?
[2016-10-29 12:38:46] chromaticcr1 : your nose is grwing, i suppose
[2016-10-29 12:39:01] BitMEX_Wally : ZECZ16 can trade freely between 0.000001 and 10 XBT for now. I don't see it hitting these limits
[2016-10-29 12:39:20] rapidtrades : it just hit them few hrs ago
[2016-10-29 12:39:31] rapidtrades : repeatedly
[2016-10-29 12:39:44] rapidtrades : 5>15>7
[2016-10-29 12:39:52] chromaticcr1 : perhaps the lower limit should be -10 just to make things fair
[2016-10-29 12:39:56] chromaticcr1 : huh
[2016-10-29 12:40:08] rapidtrades : f*cking bailout scam
[2016-10-29 12:40:27] BitMEX_Wally : It's marked to last, so just bid it up if you want
[2016-10-29 12:40:45] rapidtrades : im not bidding up shit in this fake market
[2016-10-29 12:40:57] BitMEX_Wally : It's fake because it's marked to last?
[2016-10-29 12:41:05] chromaticcr1 : ** DON'T FEED THE TROLLS**
[2016-10-29 12:41:44] BitMEX_Wally : :D
[2016-10-29 12:42:24] BitMEX_Wally : Bitcoin is back above 700, I bet no-one has noticed because they're too busy with ZEC
[2016-10-29 12:42:26] rapidtrades : ur so full of sh*t...all of u...u have no clue where ZEC will trade
[2016-10-29 12:42:32] rapidtrades : u just assume it will go down
[2016-10-29 12:42:37] BitMEX_Wally : Like your mother
[2016-10-29 12:42:49] rapidtrades : classy
[2016-10-29 12:43:40] Gemz : btc going to 1000
[2016-10-29 12:43:43] chromaticcr1 : well we assumed that ZEC won't go negative too.
[2016-10-29 12:47:12] Formiga : Anyone else is seeing a purple line in the ZEC chart? I delete it and it keeps coming back
[2016-10-29 12:48:05] sleger : BitMEX_Wally: lol
[2016-10-29 12:48:31] Progamer : zcash shitcoin go down
[2016-10-29 12:50:29] rapidtrades : BitMEX_Wally: why don't u post guarantee that no shorts will lose money in ZEC?
[2016-10-29 12:50:32] chromaticcr1 : Progamer: perhaps rapid would pump it up, who knows,.after all we can't just *assume it will go down**
[2016-10-29 12:50:34] rapidtrades : would help ur cause
[2016-10-29 12:53:55] aethlios : shorts lost yesterdays battles but will win the war on zcash, shorting all the way down to shit, 0.001 price in 2 years with btc 15,000
[2016-10-29 12:59:07] REKT : Liquidated long on `XMR7D`: Sell 196 @ 0.006896
[2016-10-29 12:59:07] REKT : Liquidated long on `XMR7D`: Sell 10 @ 0.006895
[2016-10-29 13:01:22] REKT : Liquidated long on `ETHXBT`: Sell 121 @ 0.01507
[2016-10-29 13:04:18] REKT : Liquidated long on `XMR7D`: Sell 70 @ 0.006793
[2016-10-29 13:04:18] REKT : Liquidated long on `XMR7D`: Sell 630 @ 0.006778
[2016-10-29 13:04:52] REKT : Liquidated long on `ETHXBT`: Sell 2200 @ 0.01498
[2016-10-29 13:06:52] REKT : Liquidated long on `ETHXBT`: Sell 450 @ 0.01493
[2016-10-29 13:07:22] REKT : Liquidated long on `FCTXBT`: Sell 80 @ 0.002659
[2016-10-29 13:08:52] REKT : Liquidated long on `ETHXBT`: Sell 650 @ 0.01490
[2016-10-29 13:10:07] REKT : Liquidated long on `ETHXBT`: Sell 291 @ 0.01482
[2016-10-29 13:17:53] chromaticcr1 : next in line is ETC ;)
[2016-10-29 13:32:53] Gemz : which price is calculated to realised pnl, last price, index price or mark price?
[2016-10-29 13:34:34] sleger : no
[2016-10-29 13:35:32] jafarmk : Why fact sell price is o.oo21 u people r kidding !??
[2016-10-29 13:35:47] Tetsuo : no
[2016-10-29 13:36:14] jafarmk : It's not fare while Poloniex sell price is 0.0025
[2016-10-29 13:36:29] Tetsuo : fare price for a fare coin
[2016-10-29 13:39:23] REKT : Liquidated long on `ETHXBT`: Sell 195 @ 0.01436
[2016-10-29 13:39:23] REKT : Liquidated long on `ETHXBT`: Sell 100 @ 0.01440
[2016-10-29 13:41:27] Tetsuo : if u want too see the future of shitcoins imagine a boot stampin on shitcoinkids, forever
[2016-10-29 13:44:22] REKT : Liquidated long on `FCTXBT`: Sell 2003 @ 0.002320
[2016-10-29 13:44:22] REKT : Liquidated long on `FCTXBT`: Sell 1000 @ 0.002327
[2016-10-29 13:45:36] BitMEX_Wally : Gemz: realised PNL is calculated based on your entry and exit price
[2016-10-29 13:47:05] Gemz : BitMEX_Wally: i see three prices, last price, index price, mark price, which one should i look at to detemine my profit or loss?
[2016-10-29 13:47:49] Tetsuo : no
[2016-10-29 13:48:00] tomato : what is mean the ROE
[2016-10-29 13:48:09] Tetsuo : whis
[2016-10-29 13:49:04] Tetsuo : Hi i am Tetsuo, AMA starts in 4h
[2016-10-29 13:49:20] Gemz : or better said which one should i look at to see how much im up or down
[2016-10-29 13:49:43] Tetsuo : 3:59 please remain patient in the meanwhile
[2016-10-29 13:50:23] kryptopojken : BitMEX_Wally: is it possible to open a private chat? it's urgent
[2016-10-29 13:51:52] REKT : Liquidated long on `ETHXBT`: Sell 10 @ 0.01421
[2016-10-29 13:53:37] BitMEX_Wally : kryptopojken: please email support@bitmex.com
[2016-10-29 13:54:19] BitMEX_Greg : kryptopojken: Hi, we don't have private chat. Can you please send us a support ticket and we will look at it immediately
[2016-10-29 13:54:25] BitMEX_Wally : Gemz: your unrealised profit and loss is calculated using the mark price, but when you close your position your realised PNL depends on what price you trade at in the order book
[2016-10-29 13:54:48] Gemz : thanks
[2016-10-29 13:55:15] tomato : what is the ROE 284.5%
[2016-10-29 13:55:15] Tetsuo : tag team back again
[2016-10-29 13:55:51] aethlios : any eth news?
[2016-10-29 13:55:55] BitMEX_Wally : tomato: ROE is return on equity, it is your unrealised PNL as a percentage multiplied by your chose leverage
[2016-10-29 13:56:03] Tetsuo : aethlios: it looks pretty bad
[2016-10-29 13:56:21] aethlios : major support at test 0.013 around
[2016-10-29 13:57:08] jordy : Does bitmex has mobile apps?
[2016-10-29 13:57:16] Gemz : eth bubble popped i think, its going back to $5
[2016-10-29 13:57:40] lockhedge : BitMEX_Wally: on Cross margin, this ROE calculation does not make sense
[2016-10-29 13:58:01] tomato : BitMEX_Wally: if the ROE 300%,my value is 0.01XBT, it means my profit is 0.03XBT，right？
[2016-10-29 13:58:04] andrinost : how to reset chart setting to defaul>?
[2016-10-29 13:58:05] aethlios : still 1 billion market cap.
[2016-10-29 13:58:18] sleger : tomato: wrong
[2016-10-29 13:58:35] tomato : how much my profit
[2016-10-29 13:58:37] chromaticcr1 : tomato: seems like you are typing with Chinese input
[2016-10-29 13:58:50] tomato : yes
[2016-10-29 13:58:51] rapidtrades : bit 'we change contracts mid-way' mex
[2016-10-29 13:59:11] aethlios : xmr and eth
[2016-10-29 13:59:18] rapidtrades : bit ' we impose price caps' mex
[2016-10-29 13:59:35] rapidtrades : bwpcm
[2016-10-29 13:59:42] aethlios : place a floor to xmr and eth.
[2016-10-29 13:59:48] rapidtrades : bitwimpcmex
[2016-10-29 14:00:02] rapidtrades : yeah place a floor on btc too while ur at it
[2016-10-29 14:00:08] REKT : Liquidated long on `REP7D`: Sell 455 @ 0.005458
[2016-10-29 14:00:35] Rado : all shit coins down
[2016-10-29 14:00:35] chromaticcr1 : lol REP orderbook
[2016-10-29 14:00:36] rapidtrades : and cap eth at 0.02 just to f*ck with sleger
[2016-10-29 14:01:01] Rado : rapidtrades: lol
[2016-10-29 14:01:07] aethlios : whales dumping hard alts, preparing for huge btc pump to 1200
[2016-10-29 14:01:09] rapidtrades : let's start a petition for the next cap
[2016-10-29 14:01:20] sleger : rapidtrades: my eth position is mostly not here
[2016-10-29 14:01:24] Rado : rapidtrades: any news on marking ZEC to Polo?
[2016-10-29 14:01:26] rapidtrades : which coin do u hate the most guys?
[2016-10-29 14:01:39] rapidtrades : Rado: nope...when they feel like it most likely
[2016-10-29 14:01:44] aethlios : we need floors now, we are loosing our ground below our feet
[2016-10-29 14:01:51] rapidtrades : agree
[2016-10-29 14:01:55] Rado : I think they can't do it now
[2016-10-29 14:02:14] rapidtrades : they don't want to do it now
[2016-10-29 14:02:27] Rado : assumption ws the price will equalize and then they can mark it
[2016-10-29 14:02:38] Tetsuo : rapidtrades: difficult question there are so many hateful out there
[2016-10-29 14:02:43] Rado : how can it be done if the difference is 6 BTC
[2016-10-29 14:03:04] rapidtrades : idk they plan to use some fair basis added
[2016-10-29 14:03:18] rapidtrades : prolly -80% lol
[2016-10-29 14:03:25] rapidtrades : 'fair' lol
[2016-10-29 14:03:30] Rado : lol
[2016-10-29 14:03:42] Tetsuo : open the gates shitcoiners, hell is knocking
[2016-10-29 14:03:44] rapidtrades : can we rename the contart to ZEC-80%
[2016-10-29 14:03:44] Rado : mark prie is used for liquidations right?
[2016-10-29 14:03:53] rapidtrades : i think so
[2016-10-29 14:03:55] lockhedge : rapidtrades: they usually use impact mid price (the order book) to calculate fair basis
[2016-10-29 14:03:57] laisee : rapidtrades: us seem a little sad. didn't make money from ZEC like all the others?
[2016-10-29 14:03:59] Rado : so they can't change it
[2016-10-29 14:04:15] Rado : laisee: I told him to sell at 10
[2016-10-29 14:04:21] chromaticcr1 : current supply / supply at Dec30 = 0.09%, FYI
[2016-10-29 14:04:22] REKT : Liquidated long on `ETC7D`: Sell 85 @ 0.001238
[2016-10-29 14:04:24] rapidtrades : laisee: no i made quite a lot...but i complained even when i didn't trade ZEC
[2016-10-29 14:04:33] rapidtrades : when they had those 25-50% limits
[2016-10-29 14:04:43] rapidtrades : limits have no place in trading
[2016-10-29 14:04:45] laisee : he was longa nd didnt seell @ 10? Oh, thts sad indeed
[2016-10-29 14:04:55] tomato : BitMEX_Wally: how to check my profit
[2016-10-29 14:04:57] GreedyGoblin : there is on Polo this guy talking about a big XBT short position in trouble. just troll talk or there something to it?
[2016-10-29 14:05:06] chromaticcr1 : 0.09%*7.2=0.00648, quite a fair number i guess
[2016-10-29 14:05:35] laisee : rapidtrades: limits are quite common in non-cash exchanges
[2016-10-29 14:05:49] Rado : BitMEX_Wally: all kidding aside, don't you guys have a plan to marking ZEC with an exchange?
[2016-10-29 14:06:11] chromaticcr1 : Rado: but how, what would be the basis
[2016-10-29 14:06:14] rapidtrades : they'll do it when it suits them...check latest announcement
[2016-10-29 14:06:37] rapidtrades : they outlines some 'rules' but still said it's up to their discretion
[2016-10-29 14:06:45] Rado : chromaticcr1: if you are short you will get liquidated
[2016-10-29 14:07:06] Rado : actually if they announce and give people 2-3 hours the price here will equalize with the price on the exchange
[2016-10-29 14:07:08] laisee : rapidtrades: they are in business and have no govt agency to bail them out. u expect charity?
[2016-10-29 14:07:12] rapidtrades : so we're trading a fake market with BTC that's 80% below ZEC price...sounds fair
[2016-10-29 14:07:17] Rado : because shorts will need to cover
[2016-10-29 14:07:19] chromaticcr1 : Rado: if they are marking to spot directly without basis, yes
[2016-10-29 14:07:28] lockhedge : Rado: "Our criteria for this marking are as follows: Healthy deposits and withdrawals Over 1000 ZEC/day volume The final decision on which spot exchange to mark ZECZ16 is at BitMEX’s discretion and will be announced a full 24 hours before it is active. At that time ZECZ16’s mark price will be a combination of the index price and implied basis."
[2016-10-29 14:07:41] rapidtrades : i expect them not to trade on their own xchanges or bailout MMs
[2016-10-29 14:07:53] rapidtrades : not a f*cking high bar
[2016-10-29 14:08:20] Rado : lockhedge: do you work for BitMEX now?
[2016-10-29 14:08:25] laisee : how do u know they are trading or bailing out MM?
[2016-10-29 14:08:42] lockhedge : Rado: no and i'm not trading ZEC
[2016-10-29 14:08:50] rapidtrades : because they killed trading to keep prices low
[2016-10-29 14:09:04] Rado : lockhedge: over 1000/ZEC volume?
[2016-10-29 14:09:12] rapidtrades : so any trading fees < benefit from shorts
[2016-10-29 14:09:17] Rado : that's kind of unfair concidering the price is higher than BTC
[2016-10-29 14:09:32] Rado : not like a shit coin where the price is a fraction of BTC
[2016-10-29 14:09:40] rapidtrades : they think it will fall soon
[2016-10-29 14:09:46] laisee : it will
[2016-10-29 14:09:55] chromaticcr1 : rapidtrades: and it happened
[2016-10-29 14:10:02] Rado : laisee: it did fall
[2016-10-29 14:10:03] rapidtrades : yeah well guess what...if everyone says it will, it won't happen
[2016-10-29 14:10:06] sleger : what btc price you guys taking profits ?
[2016-10-29 14:10:12] Rado : now is anyone guess
[2016-10-29 14:10:18] laisee : Rado: 15 to 9 to 7.
[2016-10-29 14:10:20] Rado : it could trade at this price for a few days
[2016-10-29 14:10:29] chromaticcr1 : sleger: i will take profit by ADL, from rapid's position
[2016-10-29 14:10:35] REKT : Liquidated long on `LSKXBT`: Sell 350 @ 0.000201
[2016-10-29 14:10:37] sleger : lol
[2016-10-29 14:10:46] sleger : since when do chinese make jokes
[2016-10-29 14:10:52] REKT : Liquidated long on `LSKXBT`: Sell 3000 @ 0.000200
[2016-10-29 14:10:53] rapidtrades : good luck with that
[2016-10-29 14:10:55] laisee : sleger: stay in your trade, I need to make a crazy short
[2016-10-29 14:11:01] rapidtrades : i have no liq price
[2016-10-29 14:11:22] chromaticcr1 : rapidtrades: that means the lower limit of zero will be removed by BitMEX just to be fair to everyone ;)
[2016-10-29 14:11:37] chromaticcr1 : choo choo and down to the core
[2016-10-29 14:11:39] rapidtrades : sounds fair
[2016-10-29 14:11:57] rapidtrades : let's run this coin into - to bailout mex friends
[2016-10-29 14:12:38] jose : why eth is dropping like crazy?
[2016-10-29 14:13:07] Rado : jose: all alt coins are if you haven't noticed
[2016-10-29 14:13:16] laisee : ethereality wins out
[2016-10-29 14:13:16] Gr33d : Another day of shorting. Beautiful.
[2016-10-29 14:14:42] +1 : BTC will stall for a few days? @Rado
[2016-10-29 14:14:52] Rado : by the way we are a small community here and should stick together
[2016-10-29 14:15:01] numero : so is this the polo spot that's on the chart now?
[2016-10-29 14:15:12] hazir : this is the only zcash market with shorting :D more real a price
[2016-10-29 14:15:18] Rado : +1: I don't see it yet
[2016-10-29 14:15:25] Rado : BTC seems to have a good momentum
[2016-10-29 14:15:29] Rado : might go up more
[2016-10-29 14:15:31] sleger : we lost half of users already, nice !
[2016-10-29 14:15:51] hazir : where do you see number of users? :)
[2016-10-29 14:15:54] Rado : sleger: 900 users got liquidated all the way to 0
[2016-10-29 14:16:04] hazir : nooo ouch :(
[2016-10-29 14:16:07] REKT : Liquidated long on `ETHXBT`: Sell 100 @ 0.01322
[2016-10-29 14:16:09] Rado : hazir: top right of chat
[2016-10-29 14:16:31] hazir : thank you Rado
[2016-10-29 14:16:41] hazir : Rado: thank u ^^
[2016-10-29 14:16:54] Rado : np
[2016-10-29 14:17:28] laisee : Rado: how do u know 900?
[2016-10-29 14:17:45] Rado : laisee: yesterday we hit over 1900 users
[2016-10-29 14:17:49] Rado : now 1087
[2016-10-29 14:17:53] Rado : it was just a joke
[2016-10-29 14:18:08] laisee : doesn't mean they all got liquidated ...
[2016-10-29 14:18:24] Rado : as I said it was a joke
[2016-10-29 14:18:29] sleger : yes maybe they only trade on even days
[2016-10-29 14:18:32] sleger : who knows
[2016-10-29 14:18:34] laisee : I guess they all went back to Polo/Yolo land
[2016-10-29 14:18:56] numero : yeah I took my chips off the table before I did somethings stupid ;)
[2016-10-29 14:19:23] Rado : ETH bouncing
[2016-10-29 14:20:06] laisee : ZEC under 7 now
[2016-10-29 14:22:45] arougkalos : btc stacked at 705 in this exchange? :/
[2016-10-29 14:23:03] CaptainDean : arougkalos: check the funding rates
[2016-10-29 14:23:04] Tetsuo : upper limit reache
[2016-10-29 14:23:16] Rado : FCT and XMR took the biggest hit
[2016-10-29 14:23:19] Rado : why FCT?
[2016-10-29 14:23:26] Tetsuo : cuz it sucks
[2016-10-29 14:23:46] Rado : anyone can do better than that answer?
[2016-10-29 14:23:47] laisee : it's the fat kid in the crypto-coin class no-one likes
[2016-10-29 14:23:54] arougkalos : CaptainDean: sorry ,i dont know how and what is it
[2016-10-29 14:24:26] CaptainDean : Funding Rate0.2944% in 6 hour
[2016-10-29 14:24:28] mjones : Fct cause low price = longs get rekt easily on margin
[2016-10-29 14:24:35] CaptainDean : check the bottom left of your screen
[2016-10-29 14:25:04] arougkalos : CaptainDean: ok i saw it.thnx!but what exactly this means?
[2016-10-29 14:25:12] Rado : lets trade some shit coins
[2016-10-29 14:25:16] mjones : Wish xmr would bounce like eth did
[2016-10-29 14:25:18] Rado : ETH bounced nice
[2016-10-29 14:25:27] CaptainDean : arougkalos: at the moment long pay the funding and short receive it
[2016-10-29 14:25:45] Rado : mjones: it will when people understand that XMR is better than ZEC
[2016-10-29 14:25:45] CaptainDean : arougkalos: recalculated every 8 hours
[2016-10-29 14:25:59] CaptainDean : arougkalos: or 3 times per days ...
[2016-10-29 14:26:04] CaptainDean : day*
[2016-10-29 14:26:39] mjones : A lot of the xmr volume was done by 1 person. Probably trying to mark the bottom with high volume
[2016-10-29 14:26:49] arougkalos : CaptainDean: so if i have a long and i believe that btc will go higher and it goes higher for the next 8 hours i will not get anything more?
[2016-10-29 14:26:52] REKT : Liquidated short on `ETHXBT`: Buy 100 @ 0.01425
[2016-10-29 14:27:12] arougkalos : or in 8 hours the price will go to whatever is the btc at this moment?
[2016-10-29 14:27:14] CaptainDean : arougkalos: whatever happens, in 6 hours if you're long you pay the funding
[2016-10-29 14:27:19] mjones : Wish i 33x longed eth instead
[2016-10-29 14:27:28] CaptainDean : mjones: same :P
[2016-10-29 14:27:56] Rado : mjones: you will have another chance
[2016-10-29 14:28:36] mjones : Xmr should short squeeze after that 40% fall
[2016-10-29 14:28:46] arougkalos : CaptainDean: sorry i didnt get that exactly...so if i stay in and the btc goes up I will pay extra fees?or i will be paid?
[2016-10-29 14:29:58] CaptainDean : arougkalos: https://www.bitmex.com/app/swapsGuide read the funding section
[2016-10-29 14:30:11] arougkalos : CaptainDean: thank you :)
[2016-10-29 14:30:31] CaptainDean : arougkalos: you're welcome ;-)
[2016-10-29 14:30:33] rapidtrades : bit ' we hardcoded a cap' mex
[2016-10-29 14:30:50] rapidtrades : i need a clever acronym
[2016-10-29 14:31:03] Rado : capMEX
[2016-10-29 14:31:11] rapidtrades : ahahhaah brilliant
[2016-10-29 14:35:15] numero : bitmex WHACed
[2016-10-29 14:36:01] rapidtrades : try again
[2016-10-29 14:36:15] laisee : HairyCrab
[2016-10-29 14:36:56] laisee : used for supreme traders in Chyna
[2016-10-29 14:37:00] rapidtrades : he 24h volume on ZEC is n3 on polo right after ETH and XMR
[2016-10-29 14:37:12] arougkalos : pffffff.i dont get it at all.i am interested in only one thing if someone can tell me please....i have a long with leverage 100% in btc bought at 682.sould i close it because i will not be paid more?should i close it because i will have to pay alot of fees and dont get anything in return?or should i wait for this 6 hours?
[2016-10-29 14:37:20] rapidtrades : 1000 ZEC is setting the bar rly high like Rado said
[2016-10-29 14:37:55] rapidtrades : it's already at 5k in BTC
[2016-10-29 14:38:09] rapidtrades : the 24h volume
[2016-10-29 14:38:46] Rado : volume should be measured in BTC
[2016-10-29 14:38:58] Rado : then it doesn't matter what the price of the shitcoin is
[2016-10-29 14:39:20] arougkalos : is there any possibility that this value of the xbt will stay here instead of going to current value?(like 714 right now?)
[2016-10-29 14:39:22] rapidtrades : if it keeps going up we may never hit 1000 in ZEC
[2016-10-29 14:39:50] Rado : arougkalos: the price here is marked based on two exchanges only
[2016-10-29 14:40:03] Rado : Bitstamp and OK-Coin USD
[2016-10-29 14:40:20] Rado : if you see the price on these exchanges you will see that the price here is the same
[2016-10-29 14:40:38] arougkalos : Rado: ohhhhhh!now i get it......thnx bro!my head was ready to explode
[2016-10-29 14:42:21] arougkalos : and one more thing if you can help also...now i am paying fees for 0.3btc.is there any possibility to understand correct and it says that i will not have this cal if i am closing my position every 8- hours?
[2016-10-29 14:42:22] lockhedge : Rado: there's only 27 ZEC on the ask side of Polo's order book vs. 79 here, so it's still much cheaper to manipulate the spot price
[2016-10-29 14:43:00] Rado : lockhedge: manipulation of the price happens even with BTC
[2016-10-29 14:43:06] Rado : so that's not a good reason
[2016-10-29 14:43:23] Rado : it trades as good as it will
[2016-10-29 14:43:27] lockhedge : that's the reason to select a mark method
[2016-10-29 14:43:44] Rado : lockhedge: there is no better exchange to mark it to
[2016-10-29 14:44:09] Rado : your argument basically says that we shouldn't have a ZEC contract
[2016-10-29 14:44:13] Rado : that I will agree with
[2016-10-29 14:44:24] Rado : if you are going to have it then mark it to the exchanges
[2016-10-29 14:44:34] +1 : arougkalos: If you go long and the funding rate is positive: you pay. If you go long and the funding rate is negative: you receive
[2016-10-29 14:45:21] lockhedge : Rado: futures can't be marked directly to spot anyway, so it would be mainly marked to the impact mid price, not spot even if you include Poloniex now
[2016-10-29 14:45:44] arougkalos : +1: thnak you too :)
[2016-10-29 14:46:20] Rado : lockhedge: do you agree you can't have a future that is not marked to anything?
[2016-10-29 14:46:33] rapidtrades : apparently u can
[2016-10-29 14:46:41] rapidtrades : BITMEX where dreams come true
[2016-10-29 14:47:10] rapidtrades : also they said it will use an index
[2016-10-29 14:47:13] +1 : arougkalos: If you go long and the price stall, and the funding rate is positive: you are making a loss -- because you got to pay.
[2016-10-29 14:47:19] rapidtrades : well polo has the lowest price....kraken is at 9
[2016-10-29 14:48:07] miramm1115 : Rado: futures on liquid markets are marked to last
[2016-10-29 14:48:16] lockhedge : Rado: it's marked to last price and that makes sense for the market with the most liquid order book
[2016-10-29 14:48:57] rapidtrades : THIS MARKET HAS NO ZEC
[2016-10-29 14:48:58] rapidtrades : FFS
[2016-10-29 14:49:03] arougkalos : +1: ok i get it now!!thank you.but if the price is connected with two excahnges wichone is choosed?a combination of both?okcoin is very high and bitstamp very low
[2016-10-29 14:49:04] rapidtrades : it trades BTC
[2016-10-29 14:49:10] rapidtrades : there is 0 zec lqiudity here
[2016-10-29 14:49:22] rapidtrades : no ZEC deposists
[2016-10-29 14:49:40] arougkalos : woodchipper??hahah ok coin i mean
[2016-10-29 14:50:24] +1 : arougkalos: You can't choose. It is determined by BitMEX
[2016-10-29 14:51:05] arougkalos : :D
[2016-10-29 14:51:26] +1 : arougkalos: https://www.bitmex.com/app/index/.XBT https://www.bitmex.com/app/fairPriceMarking
[2016-10-29 14:51:46] arougkalos : you are the best ;)
[2016-10-29 14:51:58] arougkalos : thank you for your time and good luck ;)
[2016-10-29 14:53:04] +1 : arougkalos: you are welcome. and to you all the best.
[2016-10-29 14:53:09] Boontjie : Shorting time
[2016-10-29 14:53:14] Boontjie : BTC retrace incoming
[2016-10-29 14:55:36] javierstone : u wish
[2016-10-29 14:56:15] aethlios : Boontjie: don't short.
[2016-10-29 14:57:14] +1 : aethlios: i did
[2016-10-29 14:57:17] +1 : oh shit
[2016-10-29 14:57:27] +1 : lol
[2016-10-29 14:57:37] kogroken : explosion
[2016-10-29 14:57:40] arougkalos : Boontjie: you know what you are talking about bto !
[2016-10-29 14:57:44] arougkalos : hahah
[2016-10-29 14:57:46] REKT : Liquidated short on `XBTUSD`: Buy 17548 @ 712.50
[2016-10-29 14:57:52] aethlios : +1: wrong, they wont let you get out.
[2016-10-29 14:58:12] Rado : Boontjie: retrace up?
[2016-10-29 14:58:13] Rado : lol
[2016-10-29 14:58:22] +1 : aethlios: made a mistake man
[2016-10-29 14:58:50] +1 : aethlios: you think it will go down for a while?
[2016-10-29 14:58:54] arougkalos : +1: :/ sorry bro
[2016-10-29 14:58:57] +1 : or should i close?
[2016-10-29 14:59:16] CaptainDean : +1: never trade based on someone lese opinion
[2016-10-29 14:59:17] rapidtrades : hey bitmex...didn't u MM make enough $$$ margining longs to recoup the losses?
[2016-10-29 14:59:29] CaptainDean : +1: you should take your own decision always
[2016-10-29 14:59:31] aethlios : +1: please don't ask, i said my general view before
[2016-10-29 15:00:05] rapidtrades : do the right thing and mark to market
[2016-10-29 15:00:32] +1 : CaptainDean: Hear2.
[2016-10-29 15:00:38] rapidtrades : a cash-settled market must have an index to tether it...this is pure madness
[2016-10-29 15:00:55] +1 : Thanks @aethlios
[2016-10-29 15:00:57] Gemz : when getting adld, will the system get u out at market price?
[2016-10-29 15:01:21] rapidtrades : yes
[2016-10-29 15:02:10] Yazz : Are FCT futures tradeable here?
[2016-10-29 15:02:18] Rado : Yazz: yes
[2016-10-29 15:02:38] aethlios : most people will do the mistake to sell to 1000 and miss the bull market
[2016-10-29 15:02:43] Yazz : Rado: CAn you pls provide a link?
[2016-10-29 15:02:46] lockhedge : Gemz: no
[2016-10-29 15:03:06] Rado : https://www.bitmex.com/app/trade/FCTXBT
[2016-10-29 15:03:11] rapidtrades : BIT ''We didn't think ZEC will go over 10'' MEX
[2016-10-29 15:03:40] rapidtrades : my names suck
[2016-10-29 15:03:40] Yazz : Rado: got it. thanks. I didn't look closely.
[2016-10-29 15:03:44] rapidtrades : capMEX
[2016-10-29 15:04:27] Boontjie : just a short blip it will come down :)
[2016-10-29 15:05:02] numero : rapidtrades: that one made me lol
[2016-10-29 15:05:03] rapidtrades : Just a short blip, he said
[2016-10-29 15:05:12] rapidtrades : It will come down, he said
[2016-10-29 15:05:23] Rado : Boontjie: don't fight the trend
[2016-10-29 15:05:24] rapidtrades : numero: capMEX? that wasn't mine
[2016-10-29 15:05:31] Boontjie : Massage it
[2016-10-29 15:05:47] numero : no the one before that
[2016-10-29 15:06:02] rapidtrades : BIT ''We didn't think ZEC will go over 10'' MEX ?
[2016-10-29 15:06:13] numero : that's the one
[2016-10-29 15:06:42] Boontjie : The sad thing is the open value of ZEC 200 btc, it was 0.5 Zec on open
[2016-10-29 15:06:42] rapidtrades : i like it but it's a mouthful
[2016-10-29 15:06:47] Boontjie : Good arbitrage there
[2016-10-29 15:07:12] rapidtrades : Boontjie: we're 80% below polo
[2016-10-29 15:07:26] rapidtrades : how's that for arbitrage
[2016-10-29 15:07:30] Rado : did ZEC start trading at Kraken and Bitfinex?
[2016-10-29 15:07:34] aethlios : zec spot dump soon, i am dumping 20,000 hacked coins.
[2016-10-29 15:07:39] rapidtrades : Kraken at 9
[2016-10-29 15:07:46] rapidtrades : aethlios: good
[2016-10-29 15:07:57] Boontjie : rapidtrades: There is actually arb opportunity now
[2016-10-29 15:08:03] lockhedge : rapidtrades: why do you believe that ZEC will be worth more than 1 btc (or even 10) in 2 month?
[2016-10-29 15:08:06] Boontjie : given zec doesnt pump above 10 again
[2016-10-29 15:08:31] Rado : lockhedge: exactly the point
[2016-10-29 15:08:44] Rado : we don't think it will so we want the opportunity to short at 6-7
[2016-10-29 15:08:51] Rado : we can't because here the price is 1
[2016-10-29 15:08:53] aethlios : lockhedge: he is a hippie dreamer.
[2016-10-29 15:08:57] Rado : that's the whole problem
[2016-10-29 15:09:14] rapidtrades : market is at 6....ur just shifting BTC here
[2016-10-29 15:09:20] rapidtrades : there is no actual ZEC
[2016-10-29 15:09:28] rapidtrades : what u see on polo is the price
[2016-10-29 15:09:47] Rado : since you can't short ZEC anywhere else on an exchange
[2016-10-29 15:10:09] rapidtrades : technically u can sell on polo
[2016-10-29 15:10:13] rapidtrades : just not naked
[2016-10-29 15:10:18] Rado : that is the advantage of BitMEX
[2016-10-29 15:10:22] chromaticcr1 : rapidtrades: ask someone to lend you shitload of ZEC for 0% interest,
[2016-10-29 15:10:30] zcasher7777 : hello everyone zcash return to normal hhhh
[2016-10-29 15:10:38] chromaticcr1 : and say you will pay them back at December
[2016-10-29 15:10:44] chromaticcr1 : I'l wait for your quote
[2016-10-29 15:10:51] zcasher7777 : from 10 to 1.19
[2016-10-29 15:11:16] rapidtrades : its 6 on polo newb
[2016-10-29 15:11:18] CaptainDean : from capMEX you mean ;-)
[2016-10-29 15:12:14] rapidtrades : at least okc capped the premium to the index...here they capped the price....and they did it one-way
[2016-10-29 15:12:20] rapidtrades : what a disgrace
[2016-10-29 15:12:44] lockhedge : Rado: everyone would love to short a ZEC at 6 btc
[2016-10-29 15:12:59] lockhedge : rapidtrades: there is a minimum price as well
[2016-10-29 15:13:09] Rado : lockhedge: then lets make it happen
[2016-10-29 15:13:18] Rado : the volume will shoot up again