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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[2016-10-31 18:54:22] wurstgelee : just refilled it, prices are skyrocketing
[2016-10-31 18:54:35] wurstgelee : 0.9 @ polo
[2016-10-31 18:54:40] wurstgelee : thats probably why =)
[2016-10-31 18:55:00] wurstgelee : .91
[2016-10-31 18:55:42] REKT : Liquidated short on `ZECZ16`: Buy 1 @ 0.325033
[2016-10-31 18:56:12] wurstgelee : so it begins. again....
[2016-10-31 18:56:48] zecz : guess we will have a nice rush in ZEC now!
[2016-10-31 18:56:59] zecz : maybe up to 1-2 btc
[2016-10-31 18:57:31] rapidtrades : boom bitches
[2016-10-31 18:57:35] wurstgelee : parity
[2016-10-31 18:57:36] wurstgelee : :D
[2016-10-31 18:57:38] rapidtrades : get ready for some stiches
[2016-10-31 18:57:51] wurstgelee : i cant wait to reach 1000 zec volume above 1 btc.....
[2016-10-31 18:58:10] wurstgelee : 1.4
[2016-10-31 18:58:11] wurstgelee : rofl
[2016-10-31 18:58:12] rapidtrades : THE HOLY PARITY
[2016-10-31 18:58:13] NL007 : 1btc
[2016-10-31 18:58:16] NL007 : wow
[2016-10-31 18:58:17] wurstgelee : 1.4
[2016-10-31 18:58:18] rfcdejong : omg ZEC going up
[2016-10-31 18:58:18] jordanbitfort : lmao
[2016-10-31 18:58:25] rapidtrades : told ya it will pop above 1
[2016-10-31 18:58:29] rfcdejong : time to short on 10 BTC :)
[2016-10-31 18:58:31] wurstgelee : hahaha
[2016-10-31 18:58:40] rapidtrades : suck it shorties
[2016-10-31 18:58:49] rfcdejong : 1.4 now
[2016-10-31 18:58:58] rfcdejong : 1.9
[2016-10-31 18:59:10] wurstgelee : :D :D :D
[2016-10-31 18:59:12] wurstgelee : such fun
[2016-10-31 18:59:17] REKT : Liquidated short on `ZECZ16`: Buy 5 @ 0.389821
[2016-10-31 18:59:31] rapidtrades : first victim ^^^
[2016-10-31 18:59:40] rapidtrades : ahahha 1.7
[2016-10-31 18:59:44] rfcdejong : lol
[2016-10-31 18:59:53] rapidtrades : there it is, the rally i've been wiaitng for
[2016-10-31 19:00:09] sleger : it will be short lived i fear
[2016-10-31 19:00:17] coinrun : sleger: Bro
[2016-10-31 19:00:20] coinrun : your fucked
[2016-10-31 19:00:21] rapidtrades : nah
[2016-10-31 19:00:21] rfcdejong : well I didn't dare to buy ZEC :)
[2016-10-31 19:00:23] sleger : and concentrated on polo
[2016-10-31 19:00:25] coinrun : your effed
[2016-10-31 19:00:29] rfcdejong : I still believe it will go 0.1
[2016-10-31 19:00:31] sleger : coinrun: why ?
[2016-10-31 19:00:41] aethlios : lucky sell mining coins
[2016-10-31 19:00:50] sleger : coinrun: im not short dummy, i just said twice i had no position
[2016-10-31 19:01:01] wurstgelee : aethlios: waiting for transaction to confrim...
[2016-10-31 19:01:02] lilop : shoooooorttt ))
[2016-10-31 19:01:02] wurstgelee : ffs
[2016-10-31 19:01:03] coinrun : Call me dummy 1 more time lol
[2016-10-31 19:01:18] sleger : coinrun: just say something else stupid it will happen
[2016-10-31 19:01:28] coinrun : lol
[2016-10-31 19:02:12] aethlios : push anyone here 0.5 at least
[2016-10-31 19:02:26] rapidtrades : we need a waaaambulance for sleger
[2016-10-31 19:02:26] wurstgelee : lolz :)
[2016-10-31 19:02:29] rfcdejong : time to turn on my miner again perhaps :D
[2016-10-31 19:02:45] rfcdejong : buy at 1 BTC and sell at 2 BTC ?
[2016-10-31 19:02:50] rfcdejong : or...... sell at 0.1 BTC :D
[2016-10-31 19:03:06] sleger : rapidtrades: why ? whats the price ?
[2016-10-31 19:03:06] wurstgelee : its a coinflip
[2016-10-31 19:03:12] wurstgelee : sleger: >1 atm
[2016-10-31 19:03:17] EA_FTW : wurstgelee: fuck, I think you're meant to put your zcash payout address in the "username" field of the pool setup (they don't tell you this though - they give the example as "myworker1")!!
[2016-10-31 19:03:18] wurstgelee : spiked to 1.9
[2016-10-31 19:03:29] wurstgelee : EA_FTW: omfg :/
[2016-10-31 19:03:31] public username 321 : peoploe getting rekt on zec, lol
[2016-10-31 19:04:00] EA_FTW : hence why it says "ea_ftw" here next to my 1.7ZEC :-(
[2016-10-31 19:04:08] EA_FTW : Hope support can fix it..
[2016-10-31 19:04:13] rapidtrades : they knew they were playing with fire shorting the one true coin
[2016-10-31 19:05:00] sleger : back to 0.3, wow huuuuuuuge rally, thanks rapid
[2016-10-31 19:05:18] rapidtrades : don't give a shit, i'll hold till dec if i need to
[2016-10-31 19:05:31] rapidtrades : u can't beat me bitches
[2016-10-31 19:05:33] sleger : oh cause you think it will be at 3 in dec ?
[2016-10-31 19:05:34] aethlios : hoooooooooooold
[2016-10-31 19:06:13] rapidtrades : sleger: idk but i know it will 300% better then what im getting now at this cheating site
[2016-10-31 19:06:28] rapidtrades : f*cking scam
[2016-10-31 19:06:35] wurstgelee : lolz :D
[2016-10-31 19:06:35] BitMEX_Sam : rapidtrades: Cool it
[2016-10-31 19:06:37] sleger : rapidtrades: true i would do the same if i had bought at 3
[2016-10-31 19:06:41] rapidtrades : hope it pops above 10 and puts u out of business
[2016-10-31 19:06:51] wurstgelee : u know the rules, u accepted the rules, now live or die by the rules
[2016-10-31 19:07:23] wurstgelee : *ok, not all rules. the great bitmex wall came as a surprise
[2016-10-31 19:07:55] CaptainDean : the mexCAP ! :P
[2016-10-31 19:07:57] wurstgelee : BitMEX_Sam: ready for picking a reference? 900 ZEC volume :p
[2016-10-31 19:08:01] sleger : either he goes for a walk outside or he's gonna get his 3rd ban
[2016-10-31 19:08:05] wurstgelee : CaptainDean: lol
[2016-10-31 19:08:14] CaptainDean : and it's not my copyright :P
[2016-10-31 19:08:19] rapidtrades : only got 1 ban
[2016-10-31 19:08:47] rapidtrades : Sam is getting edgy cos his shorts are wrecked
[2016-10-31 19:08:59] BitMEX_Sam : It's important to note, that setting a reference exchange won't significantly affect the price
[2016-10-31 19:09:02] coinrun : rapidtrades: what?
[2016-10-31 19:09:12] CaptainDean : We have to be honest and they have to be too ... it's was a mistake on their part and it was also pretty much quite surprising to have that much value on the coin right of the start
[2016-10-31 19:09:16] BitMEX_Sam : So those of you who seem to be holding out for it as if it will make your longs more valuable, it won't.
[2016-10-31 19:09:42] sleger : i tried to explain them
[2016-10-31 19:09:48] lockhedge : me too
[2016-10-31 19:09:55] BitMEX_Sam : rapidtrades: Adios
[2016-10-31 19:09:58] sleger : basically marking will change from LAST to weighted MID
[2016-10-31 19:10:23] sleger : and goodbye
[2016-10-31 19:10:31] sleger : see you in 24hr ?
[2016-10-31 19:10:43] wurstgelee : BitMEX_Sam: it will. but for different reasons ;)
[2016-10-31 19:10:43] prospecta : sleger please calm down
[2016-10-31 19:11:05] sleger : prospecta: ???
[2016-10-31 19:11:06] CaptainDean : Rapid is over-reacting, maybe i would be too if I had lost coins during the process
[2016-10-31 19:11:20] prospecta : youre acting hysterical please calm don sleger
[2016-10-31 19:11:20] wurstgelee : BitMEX_Sam: less fuckery potential due to deep pockets....thats worth something
[2016-10-31 19:11:22] prospecta : you're acting hysterical please calm don sleger
[2016-10-31 19:11:27] prospecta : *down
[2016-10-31 19:11:51] sleger : prospecta: you're crazy no idea what you're talking about
[2016-10-31 19:11:59] prospecta : see
[2016-10-31 19:12:19] CaptainDean : For me there were two big mistake, first the CAP but the worst one was to say that cap would be removed and traders make trades based on that ... then the cap wasn't removed
[2016-10-31 19:12:32] wurstgelee : CaptainDean: thank you ;)
[2016-10-31 19:12:38] sleger : CaptainDean: yes agreed
[2016-10-31 19:13:09] sleger : on the second one
[2016-10-31 19:13:11] wurstgelee : hurt longs twice and save the asses of shorters....but we already discussed that enough
[2016-10-31 19:13:17] CaptainDean : yeah
[2016-10-31 19:13:29] CaptainDean : let's not restart all the talking :P
[2016-10-31 19:13:39] sleger : esp now that rapid is out
[2016-10-31 19:13:44] coinrun : BitMEX_Sam: Sam could you elaborate on why you think that? as a trader im interested in hearing why you think that.
[2016-10-31 19:13:46] CaptainDean : sleger: ;-)
[2016-10-31 19:14:17] BitMEX_Sam : coinrun: Why I think marking won't significantly affect the price?
[2016-10-31 19:14:24] zecz : how does the cap work?
[2016-10-31 19:14:29] coinrun : BitMEX_Sam: correct
[2016-10-31 19:14:36] BitMEX_Sam : coinrun: See https://blog.bitmex.com/site_announcement/note-on-zec-price-cap/
[2016-10-31 19:14:43] CaptainDean : zecz: try to put a shirt @ 10,1 BTC
[2016-10-31 19:14:45] sleger : zecz: you cant buy at more than 0.39
[2016-10-31 19:14:46] CaptainDean : short**
[2016-10-31 19:14:50] wurstgelee : zecz: there is an invisble wall @ 10 btc per zec which prevented bitmx to follow polo prices
[2016-10-31 19:15:05] coinrun : BitMEX_Sam: traders will prob push this to mark.
[2016-10-31 19:15:09] jordanbitfort : if mark price is .9 and you shorted at .3 youwould be liquidated yes?
[2016-10-31 19:15:16] coinrun : Which makes sense.
[2016-10-31 19:15:23] jordanbitfort : how can changing mark not change price here
[2016-10-31 19:15:24] sleger : coinrun: mark wont move, already told you
[2016-10-31 19:15:40] wurstgelee : undocu @coinrun its last price marking atm
[2016-10-31 19:15:46] wurstgelee : the wrong mark price is misleading at first tho...
[2016-10-31 19:16:03] BitMEX_Sam : Marking to an index does not mean mark price === index price
[2016-10-31 19:16:16] BitMEX_Sam : Otherwise the mark price of XBTZ16 would be 704.83, but it is 733.65.
[2016-10-31 19:16:22] wurstgelee : BitMEX_Sam: but it provides stability
[2016-10-31 19:16:40] wurstgelee : regarding random stop and mc runs
[2016-10-31 19:16:51] lockhedge : BitMEX_Sam: there is still some uncertainty on how the mark method will exactly work. can you confirm that you will calculate the fair basis based on the impact bid price? what will be the impact notional?
[2016-10-31 19:16:55] wurstgelee : we wont move here until we have that
[2016-10-31 19:17:04] wurstgelee : unless someone with too much btc wants to play a game again
[2016-10-31 19:17:10] lockhedge : *impact mid price
[2016-10-31 19:17:31] wurstgelee : also what lockhedge asked ;)
[2016-10-31 19:17:52] sleger : BitMEX_Sam: also, most important question : when can rapid come play with us again ? :)
[2016-10-31 19:18:00] wurstgelee : :D
[2016-10-31 19:18:23] BitMEX_Greg : sleger: probably after a calming down period
[2016-10-31 19:18:50] zecz : Whats happening when you get liquidated ? auto-closing position @ best market price?
[2016-10-31 19:19:02] BitMEX_Greg : wurstgelee: I don't understand the issue about it providing stability.
[2016-10-31 19:19:27] wurstgelee : BitMEX_Greg: its not an issue, its what i would like to have
[2016-10-31 19:19:32] BitMEX_Greg : zecz: Please take a read of our guides: https://www.bitmex.com/app/liquidation https://www.bitmex.com/app/autoDeleveraging
[2016-10-31 19:19:37] wurstgelee : i am waiting for marking
[2016-10-31 19:19:39] wurstgelee : =)
[2016-10-31 19:19:55] BitMEX_Greg : wurstgelee: We will have it marked as explained in the announcement when the underlying spot market is sufficiently liquid and stable
[2016-10-31 19:20:12] wurstgelee : yes...i know. i am waiting nonetheless
[2016-10-31 19:20:19] wurstgelee : as in "looking forward to"
[2016-10-31 19:20:41] wurstgelee : there was no hidden criticism in what i said ;)
[2016-10-31 19:20:41] coinrun : BitMEX_Greg: when the two requirements are met? what is your definition of stable?
[2016-10-31 19:20:56] wurstgelee : coinrun: thats the unknown factor
[2016-10-31 19:21:18] coinrun : With money on the mine, that should be elaborated. @BitMEX_Greg
[2016-10-31 19:21:22] prospecta : BitMEX_Greg needs to calm down also
[2016-10-31 19:21:27] prospecta : hysterical
[2016-10-31 19:21:41] wurstgelee : yeah, seems to be a little defensive lately ;)
[2016-10-31 19:21:43] coinrun : on the line*
[2016-10-31 19:22:00] prospecta : I blame sleger
[2016-10-31 19:22:04] BitMEX_Greg : coinrun: I believe the announcement is sufficient in its explanation.
[2016-10-31 19:22:05] prospecta : shes always worked up
[2016-10-31 19:22:20] BitMEX_Greg : coinrun: How's that article going by the way?
[2016-10-31 19:22:22] coinrun : BitMEX_Greg: great. thank you.
[2016-10-31 19:22:34] coinrun : BitMEX_Greg: the review?
[2016-10-31 19:22:40] EA_FTW : wurstgelee: aargh.. it's a race against time for them to change the details before the payment goes out (and gets burned)..
[2016-10-31 19:22:52] wurstgelee : good luck
[2016-10-31 19:22:53] coinrun : BitMEX_Greg: You guys got enough publicity from zec
[2016-10-31 19:22:53] BitMEX_Greg : prospecta: sleger is a she?
[2016-10-31 19:23:05] wurstgelee : lolz :D
[2016-10-31 19:23:16] prospecta : BitMEX_Greg: got to be, always so emotional
[2016-10-31 19:24:08] miramm1115 : BitMEX_Sam: Hi Sam! Any ETA on Realised PNL hover fix on live?
[2016-10-31 19:25:01] BitMEX_Sam : Hey miramm1115: Have to do a merge, I'll push it through today
[2016-10-31 19:25:36] miramm1115 : BitMEX_Sam: thanks, really miss this feature :-)
[2016-10-31 19:26:34] HostFat : 24hr Volume: 818.40675732 BTC / 958.54704040 ZEC on poloniex
[2016-10-31 19:26:38] prospecta : sleger must be taking a quick break to take some deep breaths
[2016-10-31 19:27:51] sleger : prospecta: why would I ? and why dont you go back to polo trollbox or wherever you come from ?
[2016-10-31 19:28:11] QuantFocus : what's a sleger?
[2016-10-31 19:28:12] prospecta : haha
[2016-10-31 19:28:30] prospecta : sleger PLEASE settle down. there is no need to get so damn emotional.
[2016-10-31 19:28:31] sleger : are you in love with me or something that you keep talking about me ?
[2016-10-31 19:28:49] QuantFocus : prospecta is just rapidtrades' alt account
[2016-10-31 19:29:32] prospecta : sleger there is really no need for such explosive outbursts. keep your emotions in check this is a serious financial discussion tool.
[2016-10-31 19:30:29] NL007 : almost 1000 zec volume
[2016-10-31 19:31:31] wurstgelee : BitMEX_Sam: since 1000 seems a matter of an hour max, does polo meet ur 2nd requirement atm?
[2016-10-31 19:31:43] prospecta : don't sound so desperate wurst
[2016-10-31 19:31:49] wurstgelee : nah, i am curious ;)
[2016-10-31 19:31:55] prospecta : next thing you'll be screaming like sleger
[2016-10-31 19:32:44] BitMEX_Greg : wurstgelee: The price isn't going to snap to Polo price as soon as it hits 1,000 if thats what you are asking.
[2016-10-31 19:33:08] prospecta : it could if someone market bought
[2016-10-31 19:33:16] wurstgelee : BitMEX_Greg: i know that. u said that 3 times now and i repeatedly told u thats not my point ffs
[2016-10-31 19:33:52] wurstgelee : BitMEX_Greg: that was not the answer to my question
[2016-10-31 19:34:12] NL007 : maybe 2btc zec
[2016-10-31 19:34:17] BitMEX_Greg : wurstgelee: Yes if it trades 1000 / day consistently then it will be satisfied
[2016-10-31 19:34:18] NL007 : who knows
[2016-10-31 19:34:57] wurstgelee : BitMEX_Greg: where did that word "consistently" suddenly come from? youre turning a hard criteria into a soft criteria?
[2016-10-31 19:35:36] lopol : wurstgeele why you are being so smartass?
[2016-10-31 19:35:58] jordanbitfort : cuz he longed zec at .45
[2016-10-31 19:36:03] wurstgelee : because rules where changed enough for zec
[2016-10-31 19:36:09] zecz : alot of buyers are waiting for ZEC to stop falling
[2016-10-31 19:36:21] BitMEX_Greg : wurstgelee: we cannot mark it straight away as it hits 1000. This needs to be shown consistently.
[2016-10-31 19:36:21] zecz : maybe its going to stable here and raise for a couple of days
[2016-10-31 19:37:31] wurstgelee : BitMEX_Greg: why didnt u write that into your statement? this way it looks like its a made up spontaneous excuse to not mark it...
[2016-10-31 19:38:51] BitMEX_Sam : wurstgelee: The statement said that it was at our discretion, and it certainly did not say that we would immediately announce intent to mark as soon as volume was over 1000 ZEC.
[2016-10-31 19:39:03] BitMEX_Sam : Be patient.
[2016-10-31 19:39:36] sleger : only 3 coins have 1000btc of volume on polo
[2016-10-31 19:39:45] zecz : whats the deal about "mark it"? why does it matter ?
[2016-10-31 19:39:45] jordanbitfort : wurst go trade it on woodchipper if u think it will go up so much lol
[2016-10-31 19:40:09] lopol : When ZEC contantly gets 1000 volume is the mark price completely poloniex price or some combination?
[2016-10-31 19:40:15] BitMEX_Sam : It doesn't matter that much @zecz.
[2016-10-31 19:40:19] wurstgelee : lopol: combination
[2016-10-31 19:40:24] sleger : 1000zec volume is only possible if zec goes down
[2016-10-31 19:40:25] BitMEX_Sam : lopol: See https://blog.bitmex.com/site_announcement/note-on-zec-price-cap/
[2016-10-31 19:40:28] wurstgelee : marking wont cause instant liquidations
[2016-10-31 19:40:44] NL007 : sleger: or supply grow
[2016-10-31 19:40:55] zecz : its just which exchange the price will be taken from 31 dec?
[2016-10-31 19:40:59] sleger : NL007: supply will grow that's not even a question
[2016-10-31 19:41:01] zecz : for cash settlements
[2016-10-31 19:41:04] wurstgelee : sleger: yes. that.
[2016-10-31 19:41:34] NL007 : sleger: the more coins mined the more sells
[2016-10-31 19:41:36] wurstgelee : it cant keep 1000 zec volume other than dumping
[2016-10-31 19:41:48] wurstgelee : if it stays there, on that level, volume will die down
[2016-10-31 19:42:22] NL007 : 1015 zec volume
[2016-10-31 19:42:39] wurstgelee : if consistently is a criteria you could as well translate it with "it will be marked when zec dumped and stays down for a longer period of time"
[2016-10-31 19:42:45] zecz : why are you afraid of zecz16 getting marked to polo?
[2016-10-31 19:42:50] wurstgelee : dunno
[2016-10-31 19:42:56] HostFat_ : BitMEX_Greg
[2016-10-31 19:42:56] HostFat_ : 24hr Volume: 905.44118494 BTC / 1015.47948968 ZEC
[2016-10-31 19:43:01] wurstgelee : they just dont want to it seems ;)
[2016-10-31 19:43:06] prospecta : mark to polo 2016!
[2016-10-31 19:43:06] BitMEX_Greg : HostFat_: Point being?\
[2016-10-31 19:43:07] HjP : jordanbitfort, what is woodchipper?
[2016-10-31 19:43:42] wurstgelee : BitMEX_Greg: how can zec possible keep 1000 zec volume if its traded above 1 btc or even higher?
[2016-10-31 19:43:48] wurstgelee : without dumping?
[2016-10-31 19:43:52] wurstgelee : *pissibly
[2016-10-31 19:43:54] wurstgelee : jbfdkjdfF
[2016-10-31 19:43:58] wurstgelee : possibly
[2016-10-31 19:43:59] wurstgelee : ;)
[2016-10-31 19:44:24] BitMEX_Greg : wurstgelee: Can you try again? I don't understand the question
[2016-10-31 19:44:38] wurstgelee : BitMEX_Greg: imagine zec stays where it is
[2016-10-31 19:44:42] wurstgelee : 1.4 btc per zec
[2016-10-31 19:44:43] wurstgelee : right now
[2016-10-31 19:44:52] wurstgelee : and it happens that it stabilizes there...the price
[2016-10-31 19:45:02] lopol : wurstgelee: but it wont
[2016-10-31 19:45:06] wurstgelee : its impossible that it keeps that volume - 1000zec - it has reached nnow
[2016-10-31 19:45:16] BitMEX_Greg : I disagree entirely
[2016-10-31 19:45:23] wurstgelee : lopol: my point is, the requirement cant be met if its sideways or up
[2016-10-31 19:45:29] BitMEX_Greg : Just because there is price stability doesn't mean trades don't happen
[2016-10-31 19:45:37] zecz : volume will ofc go up, there is just 1500 ZEC out there
[2016-10-31 19:45:57] wurstgelee : BitMEX_Greg: thats obvious. u dont agree that 1000 zec volume can be reached a lot easier when its down than when its up? btc wise?
[2016-10-31 19:46:01] wurstgelee : lol?
[2016-10-31 19:46:28] zecz : why does it matter wurst?
[2016-10-31 19:46:41] wurstgelee : 1000 zec @ .1 btc-> 100 btc. 1000 zec @ 1 btc -> 1000 btc?
[2016-10-31 19:46:46] wurstgelee : see the difference? ;)
[2016-10-31 19:46:53] BitMEX_Greg : wurstgelee: Yes and what's your point
[2016-10-31 19:46:58] zecz : why does it matter?
[2016-10-31 19:47:15] zecz : mark or not marked, I dont understand
[2016-10-31 19:47:46] wurstgelee : BitMEX_Greg: that your consistently 100 zec volume cant be met while zec is expensive. which means it will be marked once it dumped. not earlier. a consistent volume would only make sense btc-wise
[2016-10-31 19:47:53] wurstgelee : as criteria
[2016-10-31 19:48:00] wurstgelee : *1000 zec volume
[2016-10-31 19:48:52] wurstgelee : got my point now? ;)
[2016-10-31 19:49:01] zecz : if its unmarked it wont settle for cash at a given rate?
[2016-10-31 19:49:12] zecz : in dec 16*
[2016-10-31 19:49:15] sleger : BitMEX_Greg: if you dont understand his point here is a simpler comparison : volume of btcusd on exchanges, is much higher in btc when btc is low. What matters is USD volume for BTCUSD. For ZECBTC what matters is BTC volume not zec
[2016-10-31 19:49:27] wurstgelee : yep
[2016-10-31 19:49:55] BitMEX_Sam : We decided that ZEC was a more important metric due to the outlandish prices it was originally trading at
[2016-10-31 19:50:11] wurstgelee : BitMEX_Sam: you see where the problem is tho?
[2016-10-31 19:50:16] wurstgelee : with that?
[2016-10-31 19:50:17] BitMEX_Sam : The point is that we want to wait until trading reaches stability and the supply shock is over.
[2016-10-31 19:50:33] sleger : volume in USD is much more constant that volume in USD for BTCUSD dont you agree ?
[2016-10-31 19:50:53] BitMEX_Sam : Please read what I just said. We considered it more important that healthy supply is present
[2016-10-31 19:51:10] BitMEX_Sam : The point is, we don't want to mark to an index that will jump hundreds of a percent at a time because there isn't enough supply for it to trade sanely.
[2016-10-31 19:51:19] BitMEX_Sam : This is what we saw in the first two days, especially.
[2016-10-31 19:51:19] wurstgelee : why didnt u decide that marking will happen at x total supply in the first place?
[2016-10-31 19:51:27] wurstgelee : why so complicated?
[2016-10-31 19:51:28] sleger : well I read you said it was a decision, i just dont think it makes sense, for the reasons i explained
[2016-10-31 19:51:30] BitMEX_Sam : Because the leading market could change.
[2016-10-31 19:51:36] BitMEX_Sam : What is so complicated about 1000 ZEC per day wurstgelee?
[2016-10-31 19:51:41] wurstgelee : BitMEX_Sam: i was talking toal supply mined
[2016-10-31 19:51:46] sleger : for instance, even when ZEC was trading at absurd prices, the BTC volume was very low
[2016-10-31 19:51:50] BitMEX_Sam : This is our decision, and it is final, and the actual choice to mark is also at our own discretion.
[2016-10-31 19:51:50] wurstgelee : not total supply on any exchange
[2016-10-31 19:52:01] prospecta : meanwhile ZEC starts pumping again
[2016-10-31 19:52:07] wurstgelee : prospecta: :D
[2016-10-31 19:52:34] zecz : 1000 zec / day is not that much
[2016-10-31 19:52:36] sleger : even a $ volume limit would make more sense than a zec limit
[2016-10-31 19:52:41] BitMEX_Sam : Let me further reiterate that the two conditions are simply minimum criteria - we did not say that once both these are reached, we will immediately mark.
[2016-10-31 19:52:44] zecz : wait a couple of weeks
[2016-10-31 19:52:52] BitMEX_Sam : Just be patient and wait for the market to settle out.
[2016-10-31 19:53:25] zecz : BitMEX_Sam: what happends if the contract doesn't get marked?
[2016-10-31 19:53:46] sleger : we understand that you made those rules in a rush and therefore they are not the best, so we're just trying to explain why, you know, for next time
[2016-10-31 19:53:49] BitMEX_Sam : zecz: Nothing.
[2016-10-31 19:54:03] prospecta : haha
[2016-10-31 19:54:04] BitMEX_Sam : We committed to marking by Dec 1 so that there is a definite price target for the Dec 30 settlement.
[2016-10-31 19:54:25] prospecta : I smell a rat
[2016-10-31 19:54:39] sleger : and by "by Dec 1" you mean <= Dec 1, not == Dec1 ?
[2016-10-31 19:54:49] aethlios : BitMEX_Sam: Hi Sam, you can suspect that new coins hyped like zcash will follow in the future, so you need to be more prepared next time!!! so we can trade more safely.
[2016-10-31 19:55:22] BitMEX_Sam : I'm sure all of you are aware that this is an entirely new situation, and yes, some of these specs will be better fleshed-out in the future.
[2016-10-31 19:55:26] zecz : I guess the price target will be the spot price from polo
[2016-10-31 19:55:44] coinrun : 1070.62043025 ZEC
[2016-10-31 19:56:00] BitMEX_Sam : sleger: We mean "by Dec 1", as in by the end of day Dec 1.
[2016-10-31 19:56:00] sleger : thanks again for that 8th decimal
[2016-10-31 19:56:05] BitMEX_Greg : lol
[2016-10-31 19:56:08] NL007 : 1,7brc zec
[2016-10-31 19:56:12] NL007 : btc
[2016-10-31 19:56:16] aethlios : BitMEX_Sam: just don't be afraid to launch first the next future before the coin goes to spot
[2016-10-31 19:59:56] lockhedge : BitMEX_Sam: would it be possible to preview the index/fair basis based mark price somewhere? so ppl can get used to it (figure out how it works) before it is in force
[2016-10-31 19:59:57] aethlios : no real bulls here to follow zcah spot.
[2016-10-31 20:00:48] sleger : aethlios: well rapid is AFK at the moment
[2016-10-31 20:01:03] BitMEX_Wally : lockhedge: Have a look at `fairPrice` on the instrument table
[2016-10-31 20:01:38] BitMEX_Wally : That's currently taking the Poloniex price and applying a -350% annualised basis
[2016-10-31 20:01:44] prospecta : if sleger just settled down we'd be ok
[2016-10-31 20:01:56] wurstgelee : cheap zec at polo again. only 1.63. get them while they're hot
[2016-10-31 20:02:53] lockhedge : BitMEX_Wally: great, thanks! is fair basis based on impact mid price or is it currently manually set?
[2016-10-31 20:03:29] BitMEX_Wally : It was manually set, this number will change
[2016-10-31 20:03:30] gustavo7 : what the zec
[2016-10-31 20:04:25] Yuppie : I really don't get the discussion here
[2016-10-31 20:04:55] BitMEX_Wally : IF we used impact mid price then the basis should be -480%
[2016-10-31 20:04:59] gustavo7 : tbh why is noone following the index?
[2016-10-31 20:05:18] sleger : LOL at Z16
[2016-10-31 20:05:29] sleger : 784.17 3568
[2016-10-31 20:05:30] Yuppie : What does it matter which Index is going to be used to settle the future? We are talking about probably +/- 0.05BTC depending on the exchange
[2016-10-31 20:05:41] BitMEX_Wally : Yuppie: Correct
[2016-10-31 20:05:46] aethlios : if someone had 10.000 btc here, and placed a wall at 2 btc for zcash when polo was 1000, then noone could break the wall and would make a bargain 48 hours ago.
[2016-10-31 20:05:48] wurstgelee : sleger: wtf
[2016-10-31 20:06:26] BitMEX_Wally : All this discussion and we're only talking about a mark price which calculates unrealised PNL. The actual index for settlement will be confirmed on 1 December
[2016-10-31 20:06:49] aethlios : sold 5 0.395, thanks
[2016-10-31 20:06:52] sleger : BitMEX_Wally: looks like someone again trying to manipulate Z16 in low liquidity in order book
[2016-10-31 20:07:18] justinlooking : let em ;)
[2016-10-31 20:07:23] BitMEX_Sam : Yet it didn't affect mark, so they just lost $
[2016-10-31 20:07:25] BitMEX_Sam : More likely a fat finger
[2016-10-31 20:07:27] wurstgelee : BitMEX_Wally: that is all correct , thats not necessarily how herd instinct works tho
[2016-10-31 20:07:32] wurstgelee : =)
[2016-10-31 20:07:33] RocketScience : WHAT JUST HAPPENED IN XBT USD
[2016-10-31 20:07:36] Formiga : Can I block people here in the chat?
[2016-10-31 20:07:36] RocketScience : sorry caps
[2016-10-31 20:07:42] REKT : Liquidated short on `ZECZ16`: Buy 12 @ 0.411804
[2016-10-31 20:07:42] REKT : Liquidated short on `ZECZ16`: Buy 1 @ 0.424341
[2016-10-31 20:07:44] BitMEX_Sam : Formiga: Unfortunately no
[2016-10-31 20:07:46] RocketScience : who bought all the way up?
[2016-10-31 20:07:53] kogroken : Nothing to see here, just a $40 dollar blip
[2016-10-31 20:07:56] BitMEX_Wally : Every other futures exchange just marks to the last price of the future, yet here we are trying to mark to fair price to prevent liquidations and we get a load of grief
[2016-10-31 20:07:56] wurstgelee : oh...suprise.. .:D
[2016-10-31 20:08:16] justinlooking : Formiga, i will sell u some js that blocks rapidtrades ;)
[2016-10-31 20:08:18] wurstgelee : all the way?
[2016-10-31 20:08:31] wurstgelee : single orders...
[2016-10-31 20:08:36] wurstgelee : mostly
[2016-10-31 20:09:17] miramm1115 : BitMEX_Wally: IMHO just mark to LastPriceProtected and forget about it, let people trade how they want
[2016-10-31 20:09:28] RocketScience : market maker died on dec 30
[2016-10-31 20:09:29] gustavo7 : BitMEX_Wally: how about making ZCASH contracts smaller?
[2016-10-31 20:09:36] RocketScience : explain someoneee
[2016-10-31 20:09:38] BitMEX_Wally : miramm1115: I am very tempted :)
[2016-10-31 20:09:43] wurstgelee : lol. wtf happened with z16 orderbook
[2016-10-31 20:09:49] RocketScience : mira market maker jump in dec 30
[2016-10-31 20:09:52] wurstgelee : did some bot run amok?
[2016-10-31 20:10:01] wurstgelee : its empty
[2016-10-31 20:10:03] wurstgelee : =)
[2016-10-31 20:10:13] BitMEX_Wally : LastPriceProtected only works if there is a stable FairPrice, and due to the basis swings and lack of underlying index we can't do that for ZECZ16 yet
[2016-10-31 20:10:15] RocketScience : haha it bought up to 780 :D
[2016-10-31 20:10:31] wurstgelee : wtf..seriously
[2016-10-31 20:10:43] wurstgelee : prob got some wrong data ;)
[2016-10-31 20:10:51] sleger : got some : XBTZ16 666 -666 0 776.66
[2016-10-31 20:10:57] RocketScience : btc 10000 in china?
[2016-10-31 20:11:04] wurstgelee : sleger: me too, thanks to u. a lot later tho ;)
[2016-10-31 20:11:21] sleger : i sold 50k also after but at 742.x
[2016-10-31 20:11:45] RocketScience : i welcome tht glitch with open arms
[2016-10-31 20:11:52] wurstgelee : i'll take free 25% in 5 mins any day
[2016-10-31 20:11:54] wurstgelee : ;)
[2016-10-31 20:12:41] wurstgelee : 1.9 @ polo
[2016-10-31 20:12:43] wurstgelee : ;)
[2016-10-31 20:13:42] elfix : 2
[2016-10-31 20:13:50] wurstgelee : oO
[2016-10-31 20:13:56] kryptopojken : pumpage
[2016-10-31 20:14:39] EA_FTW : Bloody hell, my about-to-be-burnt nicehash fortune is growing by the minute, and the pool operator is still busy..
[2016-10-31 20:14:42] REKT : Liquidated short on `ZECZ16`: Buy 2 @ 0.449763
[2016-10-31 20:15:03] gustavo7 : yolo
[2016-10-31 20:15:09] REKT : Liquidated short on `ZECZ16`: Buy 1 @ 0.467500
[2016-10-31 20:15:09] REKT : Liquidated short on `ZECZ16`: Buy 94 @ 0.457113
[2016-10-31 20:15:09] REKT : Liquidated short on `ZECZ16`: Buy 7 @ 0.460069
[2016-10-31 20:15:09] REKT : Liquidated short on `ZECZ16`: Buy 2 @ 0.472885
[2016-10-31 20:15:09] REKT : Liquidated short on `ZECZ16`: Buy 2 @ 0.465094
[2016-10-31 20:15:17] sleger : gustavo7: nice
[2016-10-31 20:15:22] REKT : Liquidated short on `ZECZ16`: Buy 3 @ 0.486925
[2016-10-31 20:15:32] REKT : Liquidated short on `ZECZ16`: Buy 3 @ 0.522606
[2016-10-31 20:15:37] REKT : Liquidated short on `ZECZ16`: Buy 10 @ 0.524523
[2016-10-31 20:15:53] REKT : Liquidated short on `ZECZ16`: Buy 41 @ 0.534582
[2016-10-31 20:15:53] REKT : Liquidated short on `ZECZ16`: Buy 2 @ 0.547750
[2016-10-31 20:16:01] fsec : LOL 133 buy wall
[2016-10-31 20:16:08] gustavo7 : squeeze
[2016-10-31 20:16:42] REKT : Liquidated short on `ZECZ16`: Buy 1 @ 0.550000
[2016-10-31 20:16:45] Yuppie : ZEC is going to be brutal
[2016-10-31 20:16:53] REKT : Liquidated short on `ZECZ16`: Buy 1 @ 0.561750
[2016-10-31 20:16:54] coinrun : cough.
[2016-10-31 20:16:54] sleger : people help buy at 65
[2016-10-31 20:17:09] wurstgelee : haha
[2016-10-31 20:17:14] wurstgelee : thank you ADL
[2016-10-31 20:17:17] wurstgelee : FREE MONEY
[2016-10-31 20:17:18] wurstgelee : :D
[2016-10-31 20:17:42] Rado : rapitrades not here?
[2016-10-31 20:17:51] khessabi2 : bitmex clos my ZEC long!!!!!!!!!!!!!!!!!!!!!!!!!!!!
[2016-10-31 20:17:53] wurstgelee : Rado: repid longed from 3
[2016-10-31 20:17:53] sleger : banned for 3rd time
[2016-10-31 20:17:55] khessabi2 : wtf
[2016-10-31 20:18:02] wurstgelee : khessabi2: ADL, youre welcome
[2016-10-31 20:18:14] Rado : thanks
[2016-10-31 20:18:14] khessabi2 : what is adl
[2016-10-31 20:18:16] BitMEX_Wally : There was no ADL, it got filled
[2016-10-31 20:18:38] wurstgelee : BitMEX_Wally: thats not true
[2016-10-31 20:18:42] aethlios : opened 5 more 0.55, thanks
[2016-10-31 20:18:43] BitMEX_Wally : Sorry, my bad
[2016-10-31 20:18:44] Rado : why is the spot price going up?
[2016-10-31 20:18:45] Rado : fomo?
[2016-10-31 20:18:46] wurstgelee : i got deleverage by 26 of 26 conts
[2016-10-31 20:18:49] wurstgelee : ....
[2016-10-31 20:18:52] BitMEX_Wally : There was 48 contracts deleveraged
[2016-10-31 20:19:03] wurstgelee : lol fuck
[2016-10-31 20:19:07] wurstgelee : i was 1x
[2016-10-31 20:19:09] khessabi2 : I wtf is delaveraged
[2016-10-31 20:19:18] Yuppie : Sorry first time here..why was my contract "deleveraged"?
[2016-10-31 20:19:23] aili : omg all over again)
[2016-10-31 20:19:23] wurstgelee : how could i have all 26 at highest qeue?
[2016-10-31 20:19:27] wurstgelee : :/
[2016-10-31 20:19:29] sleger : khessabi2: you ever saw the rabbit magic trick ?
[2016-10-31 20:19:29] aili : poor zec traders
[2016-10-31 20:19:40] sleger : imagine your position is the rabbit
[2016-10-31 20:20:12] Rado : wurstgelee: what price did you get?
[2016-10-31 20:20:20] khessabi2 : sleger: come on!!....I bought 7 zec on 0.4.....but bitmex close it...why
[2016-10-31 20:20:24] Rado : you can get back in at that price maybe
[2016-10-31 20:20:27] wurstgelee : i am glad we have no marking to an unstable volatile marking like polo has. instead we have safe last price marking :p
[2016-10-31 20:20:32] wurstgelee : Rado: .33 average
[2016-10-31 20:20:33] REKT : Liquidated short on `ZECZ16`: Buy 5 @ 0.603750
[2016-10-31 20:20:33] REKT : Liquidated short on `ZECZ16`: Buy 2 @ 0.634375
[2016-10-31 20:20:34] BitMEX_Wally : Please excuse me, I read the log wrong. It was 270 contracts deleveraged at 0.5793225
[2016-10-31 20:20:36] sleger : khessabi2: cause it was the rabbit
[2016-10-31 20:20:51] Rado : wurstgelee: no, what was your ADL price
[2016-10-31 20:21:03] wurstgelee : Rado: what wally just said
[2016-10-31 20:21:15] Rado : right
[2016-10-31 20:21:18] REKT : Liquidated short on `ZECZ16`: Buy 1 @ 0.792917
[2016-10-31 20:21:18] REKT : Liquidated short on `ZECZ16`: Buy 11 @ 0.779887
[2016-10-31 20:21:24] RocketScience : zeeeec
[2016-10-31 20:21:24] zexder : WHERE IS MY POSITION???
[2016-10-31 20:21:24] numero : so, operation fury anyone?
[2016-10-31 20:21:28] khessabi2 : sleger: what?
[2016-10-31 20:21:30] sleger : zexder: rabbit
[2016-10-31 20:21:38] sleger : khessabi2: it's gone !!
[2016-10-31 20:21:44] Yuppie : sorry but do I pay off shorts with the deleveaging?
[2016-10-31 20:22:00] wurstgelee : Yuppie: you get your position closed with a profit
[2016-10-31 20:22:13] sleger : Yuppie: you help shorts close out
[2016-10-31 20:22:14] wurstgelee : thats the alternative to classic clawback
[2016-10-31 20:22:15] BitMEX_Wally : https://www.bitmex.com/app/autoDeleveraging
[2016-10-31 20:22:31] BitMEX_Greg : zexder: You should have received an email
[2016-10-31 20:22:55] wurstgelee : my great .33 entry.... gone with the wind. cheap :'|
[2016-10-31 20:23:02] sleger : Open Interest 320 <= still all those to liquidate
[2016-10-31 20:23:06] Yuppie : ok I get it
[2016-10-31 20:23:14] Rado : wurstgelee: you made a good amount
[2016-10-31 20:23:19] messiaen8844 : nice play
[2016-10-31 20:23:19] wurstgelee : Rado: yes ofc
[2016-10-31 20:23:22] wurstgelee : i am good
[2016-10-31 20:23:25] wurstgelee : easy mony ;)
[2016-10-31 20:23:28] wurstgelee : money
[2016-10-31 20:23:31] Rado : keep in mind it's not easy to sell without ADL
[2016-10-31 20:23:36] Rado : look at the bids
[2016-10-31 20:23:41] RocketScience : Who bought 400k dec 30 btc contracts up to 780?!?!
[2016-10-31 20:23:44] zecz : can u get your position auto-closed even when u make profit?
[2016-10-31 20:23:45] wurstgelee : if only suprnova would send my 1.5 zec withdrawal now....
[2016-10-31 20:24:04] wurstgelee : zecz: short answer: yes
[2016-10-31 20:24:12] zecz : why?
[2016-10-31 20:24:16] RoftheN : Oh I got liquidated
[2016-10-31 20:24:17] RoftheN : how sad
[2016-10-31 20:24:23] wurstgelee : long answer: read link posted above
[2016-10-31 20:24:38] negamax : RocketScience: it was a bug in Bitmex or something really odd happened. I closed 15k at market.. :S
[2016-10-31 20:24:39] mjones : wtf zec is pumping
[2016-10-31 20:24:42] wurstgelee : regarding audodeleveraging
[2016-10-31 20:24:46] RoftheN : Crazy zec pumps
[2016-10-31 20:24:49] wurstgelee : mjones: 2.15 @ polo
[2016-10-31 20:24:51] wurstgelee : =)
[2016-10-31 20:24:52] zecz : If I short now at 0,74 and doesn't touch my position until cash settlement
[2016-10-31 20:24:54] sleger : negamax: ouch :( sorry
[2016-10-31 20:24:55] RocketScience : negamax: that glitch helped me a lot
[2016-10-31 20:25:00] zecz : you mean it can close before that anyway
[2016-10-31 20:25:07] negamax : RocketScience: enjoy :D
[2016-10-31 20:25:10] mjones : i closed my long at .26 before work
[2016-10-31 20:26:14] kryptopojken : poloooo
[2016-10-31 20:26:24] kryptopojken : close your shorts gentlemen
[2016-10-31 20:26:27] zecz : 2,5
[2016-10-31 20:26:29] aethlios : machines gone crazy
[2016-10-31 20:26:31] wurstgelee : lol
[2016-10-31 20:26:31] NL007 : feel sorry for those shorters
[2016-10-31 20:26:38] NL007 : getting ugly
[2016-10-31 20:26:50] wurstgelee : NL007: always felt, always said that. ;)
[2016-10-31 20:26:56] Yuppie : is it possible to margin only a single psoition?
[2016-10-31 20:27:14] messiaen8844 : buy buy buy zec
[2016-10-31 20:27:17] messiaen8844 : squeeze coming
[2016-10-31 20:27:24] messiaen8844 : remember limited risk longing, unlimited risk shorting
[2016-10-31 20:27:48] wurstgelee : 2.63..... ;)
[2016-10-31 20:28:02] NL007 : 3btc coming
[2016-10-31 20:28:11] coinrun : nice
[2016-10-31 20:28:12] elfix : yep