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<< >> English 中文 Русский 한국어 日本語 Español Français [2016-10-30 14:44:43] rapidtrades : u don't get a ZEC on dec30 so it must be marked to index [2016-10-30 14:44:55] laisee : Rado: [2016-10-30 14:44:55] rapidtrades : this is pure madness [2016-10-30 14:44:58] cess : how much is the minimum required to buy a ZEC contract ? [2016-10-30 14:45:05] kryptopojken : hence price will go up as soon as they decide to mark it? [2016-10-30 14:45:06] Rado : laisee: sup? [2016-10-30 14:45:08] chromaticcr1 : rapidtrades: it settles to spot price, [2016-10-30 14:45:09] sleger : habibi is wrong, it shouldnt matter and it shouldnt follow spot closely [2016-10-30 14:45:15] chromaticcr1 : which we already got one, polo [2016-10-30 14:45:16] rapidtrades : chromaticcr1: which spot [2016-10-30 14:45:32] rapidtrades : chromaticcr1: actually they haven't decided that yet either [2016-10-30 14:45:34] chromaticcr1 : mark price is to determine if we should liquidate your position before the judgement date of you [2016-10-30 14:46:22] rapidtrades : sleger: it may not follow spot exactly but it should be within 10-20% around it...this is insane [2016-10-30 14:47:49] rapidtrades : BIT 'Guys if we remove the cap shorters will get liquidated at 19 so it stays' MEX [2016-10-30 14:48:16] Rado : 19? [2016-10-30 14:48:21] sleger : 19 [2016-10-30 14:48:30] rapidtrades : yep that's what they said [2016-10-30 14:48:50] Rado : when then cap was 10? [2016-10-30 14:48:58] Rado : there is no danger of than now [2016-10-30 14:48:59] sleger : whis [2016-10-30 14:49:14] Rado : everyone will be liquidated between 0.7 and 1.0 [2016-10-30 14:49:24] rapidtrades : yeah when the cap was 10 [2016-10-30 14:49:46] Rado : how come no one is online from BitMEX [2016-10-30 14:49:53] numero : i don't understand the game today, why did zecz16 pump and dump [2016-10-30 14:50:34] Rado : pump? [2016-10-30 14:50:37] Rado : it was all dumping [2016-10-30 14:51:13] nope : yea what happened a 5am central time? zecz16 shot up to 0.80, shorts closing their positions? [2016-10-30 14:51:31] nope : or did some news come out? [2016-10-30 14:51:43] rapidtrades : Rado: if they come here ppl will ask why ZEC isn't marked yet...and they'll have to come up with new excuses [2016-10-30 14:51:51] numero : why isn't this garbage drifting down [2016-10-30 14:52:11] rapidtrades : drifting down to where lol? 0? [2016-10-30 14:52:23] numero : that's about right [2016-10-30 14:52:29] rapidtrades : rly... [2016-10-30 14:52:52] numero : jk, eventually though [2016-10-30 14:53:05] rapidtrades : man that short squeeze will be vicious [2016-10-30 14:53:17] rapidtrades : let's hope we mark to polo before it happens [2016-10-30 14:53:24] wurstgelee : nope: someone with deep pockets had some fun with thin orderbook and last price marking..... [2016-10-30 14:54:05] wurstgelee : thats why this has to be changed asap... the marking [2016-10-30 14:54:31] Rado : wurstgelee: deep pockets? [2016-10-30 14:54:45] Rado : with 5 BTC you can cause liquidations in either direction [2016-10-30 14:54:50] chromaticcr1 : deep pockets vs hidden order [2016-10-30 14:54:57] Rado : and by the way not necessary lose [2016-10-30 14:56:04] wurstgelee : win [2016-10-30 14:56:08] wurstgelee : Adl ;) [2016-10-30 14:56:25] Rado : exactly [2016-10-30 14:57:09] nope : wurstgelee: thanks [2016-10-30 14:58:58] Rado : in the case of ZEC contract ADL is actually good for traders [2016-10-30 14:59:26] wurstgelee : yep. for longs ;) [2016-10-30 14:59:32] rapidtrades : Rado: how so? [2016-10-30 14:59:34] Rado : longs or shorts [2016-10-30 14:59:47] Rado : rapidtrades: lets say you are long 5 contracts [2016-10-30 15:00:00] Rado : if you have to sell manually it's hard to get a good fill [2016-10-30 15:00:04] wurstgelee : sleger, did u already schedule the next orderbook shenenigans? [2016-10-30 15:00:06] arbitrage001 : back [2016-10-30 15:00:17] Rado : when liquidations of shorts happen you get filled at higher price [2016-10-30 15:00:20] rapidtrades : wurstgelee: yes we're pumping ZEC here to 3 [2016-10-30 15:00:23] rapidtrades : never stop [2016-10-30 15:00:27] arbitrage001 : short not making rational choice [2016-10-30 15:00:30] rapidtrades : don't give up until 3 [2016-10-30 15:00:32] rapidtrades : buy buy buy [2016-10-30 15:00:39] arbitrage001 : giving 60% discount [2016-10-30 15:00:47] wurstgelee : yep [2016-10-30 15:01:09] arbitrage001 : wurstgelee: must be doing great in the last 2 days [2016-10-30 15:01:16] Rado : arbitrage001: might not be 60% by the time it gets marked [2016-10-30 15:01:25] Rado : if Polo price keeps falling [2016-10-30 15:01:31] wurstgelee : had a break yesterday but friday was great ;) [2016-10-30 15:01:36] arbitrage001 : Rado: there are other way to make money without the risk [2016-10-30 15:01:43] rapidtrades : it may happen soon cos it seems their MM is buying at .3 [2016-10-30 15:01:56] arbitrage001 : i mean risk up their eyeballs [2016-10-30 15:01:59] Rado : rapidtrades: that's me :-) [2016-10-30 15:02:05] rapidtrades : at 36? [2016-10-30 15:02:18] arbitrage001 : if people insist on shorting zcash, they should do it at a higher price [2016-10-30 15:02:27] Rado : no, just kidding, but I entered a small position [2016-10-30 15:02:30] arbitrage001 : not pushing the price down where i can buy more [2016-10-30 15:02:34] arbitrage001 : lol [2016-10-30 15:02:55] wurstgelee : its fine this wa atm tbh ;) [2016-10-30 15:02:59] wurstgelee : *way [2016-10-30 15:03:03] rapidtrades : i wouldn't touch this shit with a ten foot poll, literally anything can happen [2016-10-30 15:03:05] laisee : arbitrage001: perhaps we can have a list of available short prices [2016-10-30 15:03:17] rapidtrades : alas im already in, so have to suffer what bitmex gods decide [2016-10-30 15:03:26] wurstgelee : rapidtrades: yes. one thing is more likely than the other tho. easy ;) [2016-10-30 15:03:34] arbitrage001 : laisee: i am entering more bid price below the 0.3 range [2016-10-30 15:03:46] arbitrage001 : see how far shorter will go [2016-10-30 15:04:10] rapidtrades : u guys have bigger balls then me [2016-10-30 15:04:17] wurstgelee : k, adding a few orders too down there [2016-10-30 15:04:17] laisee : add some instructions and youtube video to make it fule-pruf [2016-10-30 15:04:20] wurstgelee : ;) [2016-10-30 15:04:21] Rado : It's so difficult to estimate what a fare price for ZEC will be [2016-10-30 15:04:28] Rado : it has no practical use yet [2016-10-30 15:04:46] messiaen8844 : thinking of a possible market cap [2016-10-30 15:04:47] laisee : pron and dark mkets? [2016-10-30 15:04:51] messiaen8844 : divide by ZECs in DEC [2016-10-30 15:05:02] messiaen8844 : add some hype, watch accumulatio [2016-10-30 15:05:14] numero : wurstgelee: yeah could you spell that out a bit more? what would you do if you were a noob with too much btc [2016-10-30 15:05:27] messiaen8844 : look previous numbers for other cryptos... you'll get an idea for possible values [2016-10-30 15:05:27] wurstgelee : numero: not touch ZEC [2016-10-30 15:05:35] wurstgelee : not with a 10 foot pole ;) [2016-10-30 15:05:41] numero : wurstgelee: aha, ok [2016-10-30 15:06:02] messiaen8844 : this is a december future,so it makes sense that it deviates that much from spot price [2016-10-30 15:06:03] wurstgelee : seriously... doesnt get riskier than getting into ZEC atm [2016-10-30 15:06:09] messiaen8844 : specially when fundamentals at december will be very different [2016-10-30 15:06:14] laisee : so many people hate ZEC, there must be something really great about it ... [2016-10-30 15:06:20] wurstgelee : some people like the gamble tho... :) [2016-10-30 15:06:42] dasdfasdf : 805 ZEC Total Monetary Base [2016-10-30 15:06:54] messiaen8844 : by december = 300k [2016-10-30 15:06:59] messiaen8844 : monetary base [2016-10-30 15:07:06] wurstgelee : laisee: there was a f_uckload of btw that changed ownership 2 days ago [2016-10-30 15:07:12] wurstgelee : lots of butthurt.... [2016-10-30 15:07:16] wurstgelee : *btc [2016-10-30 15:07:18] wurstgelee : not btw [2016-10-30 15:07:37] wurstgelee : here, not polo [2016-10-30 15:07:47] laisee : wurstgelee: selling BTC for ZEC or vice versa? [2016-10-30 15:08:05] wurstgelee : laisee: the run up to 10 BTC/ZEC here [2016-10-30 15:08:07] messiaen8844 : lots of hash power coming to zcash... [2016-10-30 15:08:19] Rado : messiaen8844: of course [2016-10-30 15:08:26] wurstgelee : messiaen8844: it will get a lot more [2016-10-30 15:08:26] laisee : heh. I didn't trade first 2 days. sold before [2016-10-30 15:08:31] messiaen8844 : you can watch that also for possible market cap [2016-10-30 15:08:34] wurstgelee : miners are still being improved [2016-10-30 15:08:35] Rado : would you mine ETH that trades at 0.015 [2016-10-30 15:08:39] Rado : or ZEC at 1.2 [2016-10-30 15:08:55] Rado : If I was miner I would switch immediately [2016-10-30 15:08:55] wurstgelee : depends on profitability [2016-10-30 15:08:58] wurstgelee : price doesnt matter [2016-10-30 15:09:08] rapidtrades : what happens with ZEC mining now? with prices crashing from 100s to 1? [2016-10-30 15:09:11] Rado : wurstgelee: how can be more profitable to mine ETH? [2016-10-30 15:09:16] rapidtrades : did difficult jump too high? [2016-10-30 15:09:32] rapidtrades : how fast does it adjust [2016-10-30 15:09:45] Rado : rapidtrades: it's very similar to BTC [2016-10-30 15:09:53] rapidtrades : so 1 week? [2016-10-30 15:09:58] laisee : "difficulty" : 49030.54282579 [2016-10-30 15:10:04] wurstgelee : Rado: mininng reward doesnt adjust. its a constant (with a schedule) no matter how many miners are mining [2016-10-30 15:10:18] wurstgelee : the more miners are mining, the harder it is to mine it [2016-10-30 15:10:23] wurstgelee : so it gets more expensive [2016-10-30 15:10:29] rapidtrades : right but it's different in $$$ terms [2016-10-30 15:10:38] wurstgelee : more hardware/energy needed per ZEC [2016-10-30 15:10:48] rapidtrades : if new miners come in from other places they will likely cash out fast and not keep coins [2016-10-30 15:11:00] Rado : wurstgelee: agree, but how many nodes are mining ZEC right now? [2016-10-30 15:11:15] laisee : 2 [2016-10-30 15:11:16] Rado : compare to BTC and ETH nodes [2016-10-30 15:11:39] wurstgelee : so...rising hashrate means rising price, simple as that (altho its hard to tell how much mining system are joining bcause mining software is still improving) [2016-10-30 15:12:49] iefken : yes and rising hash means more coins mined and most miners do sell their coins so in your point the price would decline [2016-10-30 15:12:51] wurstgelee : easy too see, just compare eth hashrate history with price chart [2016-10-30 15:12:53] wurstgelee : ;) [2016-10-30 15:12:58] wurstgelee : iefken: lol no [2016-10-30 15:13:09] wurstgelee : rising hash has NO influence on how much coins are mined [2016-10-30 15:13:10] iefken : you need to have interest of people in buyin the coin [2016-10-30 15:13:30] wurstgelee : a little during jumps because diff has to adjust, but block rewards are fixed [2016-10-30 15:13:34] iefken : lol more hash = more blocks mined for a certain amount of time [2016-10-30 15:13:36] laisee : "its complicated" [2016-10-30 15:13:49] wurstgelee : iefken: thats only valid for really small periods of time [2016-10-30 15:13:55] wurstgelee : doesnt matter really [2016-10-30 15:13:59] iefken : yes block rewards are fixed but not for zcash atm :p [2016-10-30 15:14:04] wurstgelee : lol [2016-10-30 15:14:10] wurstgelee : they are fixed u dickhead ;) [2016-10-30 15:14:37] wurstgelee : blocks are getting mined faster than scheduled based on average block time [2016-10-30 15:14:39] Gemz : I submitted a withdrawal before 13 utc, but havent received it yet, any idea how long withdrawals take? [2016-10-30 15:14:39] wurstgelee : that is all [2016-10-30 15:14:48] iefken : arent they rising up to 12.5 in 30days time? [2016-10-30 15:15:14] wurstgelee : iefken: the block reward for each and every block # is fixed [2016-10-30 15:15:14] rapidtrades : Gemz: did u confirm email? [2016-10-30 15:15:15] wurstgelee : right now [2016-10-30 15:15:27] Gemz : yes i did [2016-10-30 15:15:47] wurstgelee : its is not variable and in no way depending on the total nethash [2016-10-30 15:15:58] Gemz : is admin here? [2016-10-30 15:16:15] iefken : wurstgelee: There will also be a "slow-start" period during the first 20,000 blocks (about 34 days) where the block reward linearly increases to 12.5 ZEC. This is designed to reduce the impact of a potential negative event like "a major bug" or "security vulnerability". [2016-10-30 15:16:16] wurstgelee : compare eth price and nethash chart. =) [2016-10-30 15:16:30] iefken : wurstgelee: as said on http://www.coindesk.com/the-structure-and-valuation-of-zcash-vs-bitcoin/ [2016-10-30 15:16:37] wurstgelee : "lineary increases" [2016-10-30 15:16:38] rapidtrades : then idk....withdrawals should've been sent 2 hrs ago...does it say pending in ur wallet or what? @Gemz [2016-10-30 15:16:39] wurstgelee : .... [2016-10-30 15:17:06] wurstgelee : FUCKING LINEAR [2016-10-30 15:17:09] wurstgelee : :) [2016-10-30 15:17:25] Rado : Zcash: 1278 Miners [2016-10-30 15:17:29] wurstgelee : u would have to know what that means tho ;) [2016-10-30 15:17:39] rapidtrades : Rado: wow [2016-10-30 15:17:43] rapidtrades : our coin is great [2016-10-30 15:17:52] wurstgelee : that is a lot [2016-10-30 15:17:57] wurstgelee : really a lot [2016-10-30 15:18:00] rapidtrades : cos it's the best coin [2016-10-30 15:18:02] wurstgelee : for a 2 day old coin [2016-10-30 15:18:17] wurstgelee : with new mining algo [2016-10-30 15:18:21] rapidtrades : how much does bitcoin have...do we know? [2016-10-30 15:18:45] wurstgelee : probably some stats available for that. [2016-10-30 15:18:50] wurstgelee : those numbers dont make sense tho [2016-10-30 15:18:59] wurstgelee : u would have to account for miners in pools [2016-10-30 15:19:06] wurstgelee : *unless [2016-10-30 15:19:16] rapidtrades : don't worry about it, our coin is great [2016-10-30 15:19:21] wurstgelee : no worries [2016-10-30 15:19:30] Rado : Bitcoin Core: 4,364 nodes [2016-10-30 15:19:31] rapidtrades : buy some more :) [2016-10-30 15:19:44] wurstgelee : i have patience [2016-10-30 15:19:46] Rado : Bitcoin Unlimited: 382 nodes [2016-10-30 15:19:50] wurstgelee : waiting for orders to get filled [2016-10-30 15:19:52] rapidtrades : dam we're 1/4 of bitcoin [2016-10-30 15:19:58] wurstgelee : lol [2016-10-30 15:20:03] wurstgelee : bitcoin unlimited [2016-10-30 15:20:12] wurstgelee : check bitcoin core [2016-10-30 15:20:14] rapidtrades : f*ck bitcoin unlimited [2016-10-30 15:20:18] wurstgelee : alsoooo nodes != miners [2016-10-30 15:20:22] wurstgelee : ! [2016-10-30 15:20:29] rapidtrades : yeah we know but its all we have [2016-10-30 15:20:53] Rado : ETH nodes: 6457 [2016-10-30 15:21:00] Rado : https://www.ethernodes.org/network/1 [2016-10-30 15:21:03] rapidtrades : f*ck ether ur numbers are wrong [2016-10-30 15:21:03] wurstgelee : # of miners doesnt really matter [2016-10-30 15:21:05] wurstgelee : nodes also [2016-10-30 15:21:08] wurstgelee : total nethash! [2016-10-30 15:21:30] Rado : I can give you hash rates as well [2016-10-30 15:21:31] wurstgelee : problem is, you cant bompare bitcoin's sha256 with zecs equihash [2016-10-30 15:21:36] rapidtrades : nethash is misleading too since bitcoin is mined with specialized hardware now [2016-10-30 15:21:40] wurstgelee : *compare [2016-10-30 15:21:53] wurstgelee : not as in compare absolute values [2016-10-30 15:22:25] laisee : for mining ... a few hundred nodes will do the job ok [2016-10-30 15:22:28] Rado : ZEC hash rate is measured in Sol [2016-10-30 15:22:33] wurstgelee : zec is mainly gpu, btc is asics... [2016-10-30 15:22:33] Rado : so it's hard to compare [2016-10-30 15:22:35] Rado : 174.18 kS [2016-10-30 15:22:37] wurstgelee : completely different sport [2016-10-30 15:22:40] wurstgelee : =) [2016-10-30 15:22:49] laisee : asics for now. [2016-10-30 15:22:57] wurstgelee : yep [2016-10-30 15:23:26] rapidtrades : yeah bitcoin's ASICS are useless for anything else [2016-10-30 15:23:42] wurstgelee : all other sha256-coins... [2016-10-30 15:24:01] laisee : heater, toaster? [2016-10-30 15:24:03] rapidtrades : which is what...like 5? [2016-10-30 15:24:57] wurstgelee : probably a lot more but i dont really know and care. i am no miner =) [2016-10-30 15:25:10] rapidtrades : so is ZEC number 3 now by nodes? [2016-10-30 15:25:13] rapidtrades : that's impressive [2016-10-30 15:25:16] wurstgelee : that is [2016-10-30 15:25:17] wurstgelee : indeed [2016-10-30 15:25:35] Rado : http://www.coinwarz.com/network-hashrate-charts/ethereum-network-hashrate-chart [2016-10-30 15:25:51] wurstgelee : Rado: that [2016-10-30 15:25:51] Rado : http://www.coinwarz.com/network-hashrate-charts/bitcoin-network-hashrate-chart [2016-10-30 15:26:01] Boontjie : well you are getting 2 btc per zec [2016-10-30 15:26:01] wurstgelee : now compare to eth price chart ;) [2016-10-30 15:26:04] Rado : look at BTC [2016-10-30 15:26:05] rapidtrades : a n3 market cap is 200-300 mil [2016-10-30 15:26:09] Boontjie : I cant see how that is not worth [2016-10-30 15:26:17] Rado : Peta Hz [2016-10-30 15:26:25] wurstgelee : Rado: btc is diff because of improving asics [2016-10-30 15:26:32] Rado : I know [2016-10-30 15:26:36] wurstgelee : k =) [2016-10-30 15:26:37] Rado : it's interesting stats [2016-10-30 15:26:40] wurstgelee : yes [2016-10-30 15:26:59] Rado : ETH fell under 6 TH [2016-10-30 15:27:18] rapidtrades : is cloud mining profitable? [2016-10-30 15:27:23] Rado : here is ZEC [2016-10-30 15:27:23] Rado : http://www.coinwarz.com/network-hashrate-charts/zcash-network-hashrate-chart [2016-10-30 15:27:28] rapidtrades : where's our 14y old protege to report back? [2016-10-30 15:28:06] Rado : 2.8 MH [2016-10-30 15:28:17] Rado : way lower than ETH [2016-10-30 15:28:35] rapidtrades : is it mined with the same stuff..idk cpu gpu [2016-10-30 15:29:05] Rado : rapidtrades: I hear it's memory intesive [2016-10-30 15:29:07] Rado : RAM [2016-10-30 15:29:19] Rado : not sure [2016-10-30 15:30:07] REKT : Liquidated short on `ZECZ16`: Buy 1 @ 0.437500 [2016-10-30 15:30:20] Rado : Equihash is a memory-oriented Proof-of-Work, which means how much mining you can do is mostly determined by how much RAM you have. [2016-10-30 15:30:59] Rado : it's funny that price on Polo still falling, but price here is going up [2016-10-30 15:31:11] Rado : I think people anticipate marking to happen soon [2016-10-30 15:31:18] laisee : its called compromise ... [2016-10-30 15:31:44] rapidtrades : Rado: 'people' = insiders [2016-10-30 15:31:47] laisee : meet in the middle @ 0,88888 [2016-10-30 15:31:59] Rado : laisee: I would love 0.88 [2016-10-30 15:32:10] rapidtrades : i don't see this staying below 1 [2016-10-30 15:32:29] Rado : rapidtrades: wishful thinking perhaps? [2016-10-30 15:32:38] rapidtrades : maybe :) [2016-10-30 15:32:51] Rado : If ZEC stays around 1 BTC this will be huge for them [2016-10-30 15:32:52] rapidtrades : like i said earlier, it's been too smooth path down [2016-10-30 15:33:12] laisee : maybe when supply stablizes, ZEC will beat BTC prie again [2016-10-30 15:33:16] rapidtrades : we need a sharpy rally like the one 5>15 [2016-10-30 15:33:26] Rado : rapidtrades: it could go up, but it will be short lived [2016-10-30 15:33:31] rapidtrades : so 1>3 or 5 [2016-10-30 15:33:42] Gemz : why hasnt bitmex sent out my withdrawal yet [2016-10-30 15:33:44] Rado : I don't see it in the long term having a price higher than BTC [2016-10-30 15:33:51] rapidtrades : Gemz: i asked u a Q [2016-10-30 15:34:00] laisee : daamn- I'd get ADL'd for the 4th time on ZEC [2016-10-30 15:34:01] Gemz : yes i did confirm [2016-10-30 15:34:13] rapidtrades : no does it say pending in ur BTC wallet [2016-10-30 15:34:29] arbitrage001 : laisee: there are other way to make money [2016-10-30 15:34:36] Gemz : rapidtrades: where do i see that [2016-10-30 15:34:51] Rado : laisee: that's good [2016-10-30 15:34:53] laisee : arbitrage001: I made money on the ADL's [2016-10-30 15:34:55] Gemz : status says confirmed [2016-10-30 15:34:56] rapidtrades : in ur wallet....usually says balance + pending [2016-10-30 15:35:05] rapidtrades : ok so its not there? [2016-10-30 15:35:08] arbitrage001 : laisee: o, you are long? [2016-10-30 15:35:17] Gemz : wallet balance shows 0 [2016-10-30 15:35:22] laisee : long now. [2016-10-30 15:35:39] Rado : Gemz: BitMEX send it, but needs to be confirmed by the network I guess [2016-10-30 15:35:48] rapidtrades : and here https://www.bitmex.com/app/wallet @Gemz [2016-10-30 15:35:57] rapidtrades : what does it say under status [2016-10-30 15:36:30] Gemz : confirmed [2016-10-30 15:36:41] laisee : try looking at the wallet address on blockr.io or another site [2016-10-30 15:36:43] rapidtrades : then it's not processing [2016-10-30 15:36:53] rapidtrades : Gemz: when did u send it? in CET time [2016-10-30 15:37:26] rapidtrades : cos clocks in europe went -1 and UTC stays the same [2016-10-30 15:37:28] Gemz : 14:23 utc [2016-10-30 15:37:39] rapidtrades : yeah that's why, sent it too late [2016-10-30 15:37:43] Gemz : it shows 14:23 [2016-10-30 15:38:01] Gemz : ahh ffs [2016-10-30 15:38:17] laisee : Gemz: don't woory, Bitmex are legit and your coins will arrive sometime [2016-10-30 15:39:22] NL007 : i think we could see zec today under 1btc [2016-10-30 15:39:31] Rado : see you later guys [2016-10-30 15:39:40] NL007 : Rado: bye [2016-10-30 15:41:44] thomaskikansha : new low polo [2016-10-30 15:42:10] rapidtrades : guess we're lucky it's not polo [2016-10-30 15:43:49] NL007 : we arent even at 1000 zec mined let alone 10k or 50k [2016-10-30 15:44:07] rapidtrades : they should rename ZECZ16 to [2016-10-30 15:44:29] rapidtrades : '1. I can't believe it's not real zcash [2016-10-30 15:44:37] rapidtrades : 2. oh wait yes i can' [2016-10-30 15:44:50] rapidtrades : god damit that was supposed to be a 2 ^ [2016-10-30 15:45:54] numero : lol, I like #1 [2016-10-30 15:47:19] NL007 : only 18btc for zec to hit 1btc [2016-10-30 15:47:32] NL007 : going fast [2016-10-30 15:47:50] NL007 : people lowering their buys [2016-10-30 15:47:56] rapidtrades : yeah but 18 btc is over 18 zec now [2016-10-30 15:48:06] NL007 : true [2016-10-30 15:48:06] rapidtrades : there's only so much to go around [2016-10-30 15:48:34] NL007 : in 24hrs zec mined will double [2016-10-30 15:52:52] rapidtrades : Bitmex new motto ' We clear stops, not markets' [2016-10-30 15:53:23] javierstone : crazy volatility this morning [2016-10-30 15:53:50] chromaticcr1 : and we clear you out of the market #ADL [2016-10-30 15:54:21] thomaskikansha : stops are to be triggered [2016-10-30 15:56:37] aethlios : zecz16 still expensive. [2016-10-30 15:57:15] javierstone : if i have an open position and i increase my leverage what exactly does that do in terms of risk adn rewards? [2016-10-30 15:57:57] iefken : so what, theres like 1000 zec atm and there will be like 300k in december? [2016-10-30 15:59:05] Gr33d : Shhh [2016-10-30 16:00:29] chromaticcr1 : lol perhaps the market is smart enough to adjust for inflation, the price have implied the future supply... who knows! [2016-10-30 16:00:43] lockhedge : javierstone: risk generally increases more than reward with higher leverage, because of maintenance margin [2016-10-30 16:02:21] javierstone : gotcha [2016-10-30 16:02:42] javierstone : and does the Unrealised PNL account for maintenance margin? [2016-10-30 16:04:28] rapidtrades : prolly not [2016-10-30 16:04:36] rapidtrades : that's exit at mark price [2016-10-30 16:05:13] laisee : BTC/ZEC parity approaches. :-) [2016-10-30 16:05:32] rapidtrades : it may bounce [2016-10-30 16:06:11] javierstone : is there a good bitmex tutorial? [2016-10-30 16:06:11] javierstone : anywhere [2016-10-30 16:06:23] laisee : a second wave of pumpers and 'tards heading for POLO? [2016-10-30 16:07:28] rapidtrades : u don't have to 'pump' what is great by its very nature [2016-10-30 16:09:55] lockhedge : javierstone: there isn't one guide, it depends on what product you are trading. start with FAQ, swaps/futures guide and contract specifications [2016-10-30 16:10:59] javierstone : amazing thank you @lockhedge [2016-10-30 16:13:03] hazir : hey would be thankful for help... if i'm short, my liquidation price is set by how much spare money i have in my account, yeah? [2016-10-30 16:13:43] numero : depends what are you short? :) [2016-10-30 16:13:52] rapidtrades : yes if it's set on cross margin, no otherwise @hazir [2016-10-30 16:13:53] hazir : i short at 670 dollars. have also +30 dollarsbtc in my account. get liquidated at 700 ? [2016-10-30 16:14:41] hazir : i shorted zcash and got r**d by this :) [2016-10-30 16:15:03] hazir : so that prompted me to learn. yeah, no leverage. thank you! [2016-10-30 16:16:22] rapidtrades : if ur set on cross margin, it will drain ur whole account before liquidating [2016-10-30 16:16:36] hazir : ok good [2016-10-30 16:16:43] lockhedge : hazir: XBTUSD is an inverse contract, so you shouldn't get liquidated with less than 1x (because you are actually long USDXBT and there is no liquidation risk for longs with less than 1x) [2016-10-30 16:18:29] hazir : thanks! and if i'm short? isn't it the same deal? [2016-10-30 16:19:29] rapidtrades : do u have a liquidation price? [2016-10-30 16:19:31] lockhedge : if you are short XBTUSD you are actually long USDXBT because of the inverse nature of the contract [2016-10-30 16:19:48] rapidtrades : lockhedge: omg stop confusing him [2016-10-30 16:27:31] lockhedge : normally shorts always have an unlimited risk (because a price can rise more than 100%), and longs have a limited risk (because a price can't drop below 0), imho it's good to know that XBTUSD is an inverse contract [2016-10-30 16:27:42] Apocalyptic : how can the number of outstanding contracts fluctuate ? [2016-10-30 16:28:58] sleger : it happens when people withdraw their zcash [2016-10-30 16:29:19] Apocalyptic : sledger: cute trolling [2016-10-30 16:29:43] mendax090 : Aprox. what will be the number of Zcash out there in Dec 30? [2016-10-30 16:30:16] Apocalyptic : it must mean that Bitmex is regularly issuing/buying back contracts [2016-10-30 16:30:26] sleger : lol [2016-10-30 16:30:31] numero : mendax090: 300 000 [2016-10-30 16:30:38] Apocalyptic : or am I missing something ? [2016-10-30 16:30:44] sleger : maybe im cute trolling but you're seriously saying stupid shit @Apocalyptic [2016-10-30 16:31:22] mendax090 : numero: thanks [2016-10-30 16:31:25] Apocalyptic : sledger, so maybe you can answer if it's that stupid [2016-10-30 16:31:39] Apocalyptic : I'm not very familiar with futures [2016-10-30 16:32:11] rapidtrades : sledger :) [2016-10-30 16:33:10] lockhedge : Apocalyptic: you are not trading against bitmex, open longs always equal open shorts. [2016-10-30 16:35:11] kradiav : ZEC ready to break 1.0 at polo... :D [2016-10-30 16:35:29] hazir : rapidtrades yes i have a liquidation price but i don't know how it's calculated. [2016-10-30 16:36:03] rapidtrades : on that bar to the left u can see how much leverage ur using [2016-10-30 16:36:09] rapidtrades : the text on the bar [2016-10-30 16:36:16] hazir : i'm using 0. thank you so much :) . [2016-10-30 16:36:19] hazir : : ) [2016-10-30 16:36:32] Smartass : so how much is comission ist it always 0,5% of value [2016-10-30 16:36:51] rapidtrades : if ur using 0 then u wouldn't have a liquidation price....it's prolly close to 0? [2016-10-30 16:37:22] rapidtrades : close to 1 i mean [2016-10-30 16:37:34] hazir : it's at "cross" isn't that 0? [2016-10-30 16:37:48] hazir : i mean 1X [2016-10-30 16:37:56] rapidtrades : ah [2016-10-30 16:38:03] rapidtrades : but whhat does it say on the bar itself [2016-10-30 16:38:09] hazir : 0.39X [2016-10-30 16:38:20] rapidtrades : ok cool [2016-10-30 16:38:36] hazir : what dose that mean? [2016-10-30 16:38:38] rapidtrades : so u shouldn't be liquidated [2016-10-30 16:38:44] rapidtrades : means that's ur leverage used [2016-10-30 16:38:55] mendax090 : How come I have an Unrealised PNL of 26%(green) but a red/negative Realised PNL? [2016-10-30 16:39:14] rapidtrades : because they're not the same thing [2016-10-30 16:39:24] rapidtrades : u need to close position to go to realised [2016-10-30 16:39:42] mendax090 : I'm guessing Realised PNL includes the fees?.. But even then, 26%-.5%, would still be positive?.. And it shows as negative? [2016-10-30 16:39:47] lockhedge : hazir: does your liquidation price say "1000000", then you shouldn't get liquidated, that's just the max price [2016-10-30 16:40:12] rapidtrades : mendax090: i think it shows realised for the whole life of the contract [2016-10-30 16:40:25] rapidtrades : so all ur trades on that instrument [2016-10-30 16:41:10] mendax090 : So it will always be on red until I close it? [2016-10-30 16:41:11] hazir : but wouldn't a shorter get liquidated anyway if the price goes too high, even with no leverage ? [2016-10-30 16:41:28] Smartass : hazir: yes [2016-10-30 16:41:41] rapidtrades : not on xbtusd? [2016-10-30 16:41:58] hazir : smartass thank you [2016-10-30 16:42:01] Smartass : hazir: if you have leverage 1 you will be liquidated at 1,75xPrice [2016-10-30 16:42:15] Smartass : hazir: oh i was talking the zecz16 contract [2016-10-30 16:42:16] lockhedge : hazir: normally yes, but XBTUSD is an inverse contract. you are actually long USDXBT. read above... [2016-10-30 16:42:16] rapidtrades : but not on xbtusd [2016-10-30 16:42:26] Smartass : no idea what you are talking about [2016-10-30 16:42:51] hazir : smartass also the zzz [2016-10-30 16:42:52] rapidtrades : on xbtusd ur collateral is BTC....so its impossible to get liquidated with lev <1 [2016-10-30 16:43:18] Smartass : hazir: have not traded that so lockhedge and rapidtrades should know [2016-10-30 16:43:32] rapidtrades : because ur PnL is in USD and ur collateral is in BTC [2016-10-30 16:44:09] Apocalyptic : lockhedge: right, so actually no one is issuing these contracts, but one seller and one buyer together create one [2016-10-30 16:45:16] hazir : basically i'm trying to short the zcash for as long as possible. [2016-10-30 16:46:13] rapidtrades : well then u can get liquidated altho ur liq price is prolly high [2016-10-30 16:46:36] rapidtrades : losses for shorts are theoretically unlimited [2016-10-30 16:47:05] hazir : yup. though i can't really see zcash going over 1.29 btc here. [2016-10-30 16:47:13] rapidtrades : :) [2016-10-30 16:47:33] bitbit : why so low leverage for zcash? [2016-10-30 16:47:40] rapidtrades : u will get liquidated once zcash hits ur liquidation price [2016-10-30 16:47:54] Smartass : hey one question where can i find the trading fees for the cotnracts - cant fin it [2016-10-30 16:48:02] hazir : but my price is 1.29 btc [2016-10-30 16:48:10] hazir : hope not will hit [2016-10-30 16:48:41] hazir : i want low leverage so i won't get short-r***d like i just did... [2016-10-30 16:48:49] zcasher7777 : 1zec 721dollar from 30000dollar thats a big return to reality slap [2016-10-30 16:48:51] zcasher7777 : hhhhhhhhhhh [2016-10-30 16:48:53] rapidtrades : ur better off if u exit before the liq is hit, because margin maintence is really high on zcash [2016-10-30 16:49:15] bitbit : any other place where I can short zcash? [2016-10-30 16:49:33] bitbit : I need at least x10 leverage [2016-10-30 16:50:06] hazir : what is margin maintenance? [2016-10-30 16:50:06] rapidtrades : nope [2016-10-30 16:50:26] zcasher7777 : bitbit: you have an idea of shorting why? [2016-10-30 16:50:37] rapidtrades : hazir: it's a penalty u pay in excess for getting liquidated [2016-10-30 16:50:48] bitbit : zcasher7777: ahaha ;) [2016-10-30 16:51:01] rapidtrades : it goes into a liquidation fund [2016-10-30 16:51:09] rapidtrades : allegedly [2016-10-30 16:51:45] hazir : rapidtrades heh. jeez. maybe i should just take my loss and run away . so many blind spots for noobs [2016-10-30 16:52:30] rapidtrades : yeah if i wasn't already in a position i wouldn't touch zec [2016-10-30 16:53:15] hazir : though it's so clear where the price is going. i guess the Job is not to get liquidated [2016-10-30 16:54:20] hazir : just sit around and put more bitcoins in account to keep the position. dose that make sense? [2016-10-30 16:54:55] numero : hazir: please don't feed the trolls [2016-10-30 16:55:50] hazir : is rapidtrades a troll? [2016-10-30 16:55:53] rapidtrades : im long so can't advise :) [2016-10-30 16:56:01] hazir : jesus [2016-10-30 16:56:12] rapidtrades : do what u think is best [2016-10-30 16:58:18] hazir : thank you [2016-10-30 17:01:22] REKT : Liquidated short on `XBTUSD`: Buy 1 @ 706.45 :punch: :whale: [2016-10-30 17:03:33] bitbit : how do you add to your position ? [2016-10-30 17:03:43] bitbit : what techniques you use? [2016-10-30 17:08:01] numero : sometimes I buy and sometimes I sell [2016-10-30 17:08:38] sleger : numero: not funny [2016-10-30 17:12:21] Smartass : rapidtrades: dont you want to close zec is going to hell horribly (as one can see)... [2016-10-30 17:12:26] javierstone : what happens when you sell at market? [2016-10-30 17:12:28] javierstone : on an open position [2016-10-30 17:15:08] mjones : lol xmr. literally 30 seconds after i close my long it moves [2016-10-30 17:17:42] numero : sleger: sorry, this whole world is new to me [2016-10-30 17:31:40] aethlios : THIS IS CRYPTO!!!! (like sparta) [2016-10-30 17:45:39] mjones : zec 1 [2016-10-30 17:45:47] thomaskikansha : few bids under 1 [2016-10-30 17:46:20] rapidtrades : gee thanks for the tick by tick updates guys [2016-10-30 17:46:32] rapidtrades : like i give a shit...it's already down to 0.35 here [2016-10-30 17:48:08] rapidtrades : like sleger's ETH my ZEC is an 'longterm investment' [2016-10-30 17:48:37] Formiga : ZEC is going down faster than I ghough [2016-10-30 17:49:05] rapidtrades : it's going down faster than I ghough too [2016-10-30 17:49:11] thomaskikansha : 0.94 [2016-10-30 17:50:08] Formiga : Of course it is [2016-10-30 17:50:17] Formiga : Only dumb people would pay 900 USD for a coin that just released [2016-10-30 17:51:04] Formiga : No way ZEC will be above 100 usd [2016-10-30 17:52:50] bitbit : can anyone explain me arbitrage ? [2016-10-30 17:52:56] NL007 : zec wil around 0.25btc in 72hrs [2016-10-30 17:53:27] Formiga : bitbit: google.com [2016-10-30 17:53:32] bitbit : if I have 0.1 btc I have to buy 0.05 xbt perpetual and sell 0.05 futures right? [2016-10-30 17:53:41] rapidtrades : all these newbs are crypto experts now [2016-10-30 17:53:42] bitbit : Formiga: yes it's just a doubt that I have.. [2016-10-30 17:53:54] Formiga : XBT is BTC here in bitmex [2016-10-30 17:53:58] rapidtrades : if we jump to 3 you'll be saying it's going to 15 [2016-10-30 17:54:04] Formiga : they call is XBT [2016-10-30 17:54:08] Formiga : it* [2016-10-30 17:54:23] Formiga : rapidtrades: this won't jump to 3 [2016-10-30 17:54:44] rapidtrades : sleger: where do i send a compensation request? u have exp with this [2016-10-30 17:54:50] rapidtrades : is it support@ [2016-10-30 17:55:01] NL007 : rapidtrades: yes [2016-10-30 17:55:10] rapidtrades : U JUST GOT HERE [2016-10-30 17:55:15] kradiav : rate of ZECs created will be increasing for the next ~30 days... meaning its value will increasingly drop until it tries to stabilize around the perceived value point of the first bagholders [2016-10-30 17:56:17] NL007 : Number of zec will increase nonstop [2016-10-30 17:56:34] NL007 : untill we reach 21 million [2016-10-30 17:56:39] kradiav : NL007: I said rate of creation, not just supply [2016-10-30 17:56:56] NL007 : sorry true [2016-10-30 17:57:00] chromaticcr1 : Formiga: rapid is thinking that the min cap would be 3 in some future time. He could get his money out since this is BailMex or CapMex or whatever he call it here. [2016-10-30 17:57:58] NL007 : kradiav: i only think zec will be seen as just another alt [2016-10-30 17:58:21] kradiav : NL007: yeap, not much value [2016-10-30 17:58:50] bitbit : anyone knows how arbitrage works ?? [2016-10-30 17:59:18] NL007 : Many buyers lost a lot of btc on that pump thinking it will go higher [2016-10-30 17:59:32] NL007 : they wont touch it again [2016-10-30 17:59:53] NL007 : its tainted now [2016-10-30 18:04:26] thomaskikansha : .92 [2016-10-30 18:06:33] NL007 : we are going to 0.8btc in a couple hrs [2016-10-30 18:06:46] mjones : no one is gonna pump ZEC till it's really low [2016-10-30 18:07:14] wurstgelee : i am long again. zime to end the break [2016-10-30 18:07:20] wurstgelee : *time [2016-10-30 18:07:21] thomaskikansha : no support on bids [2016-10-30 18:07:47] wurstgelee : doesnt matter. at least to me [2016-10-30 18:08:02] thomaskikansha : 20BTC till 0.8 50BTC till 0.5