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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[2016-11-02 08:18:59] micmix : *for now
[2016-11-02 08:19:17] rapidtrades : micmix no offense but noone cares about bitcoin's 1% moves
[2016-11-02 08:19:47] micmix : I do, it's the only market with enough liquidity to make any decent money
[2016-11-02 08:19:52] CapitalGains : Actually many thousands of traders care a good deal
[2016-11-02 08:20:07] CapitalGains : 1% on 100x leverage is 100%
[2016-11-02 08:20:09] rapidtrades : micmix: fair point
[2016-11-02 08:20:21] arbitrage001 : micmix: you are an MM here?
[2016-11-02 08:20:55] bbking : 平仓不能部分吗？
[2016-11-02 08:21:05] micmix : yep, but not the main MM
[2016-11-02 08:21:07] bbking : 一定要全平?
[2016-11-02 08:21:56] rapidtrades : he;s laying, he's the main MM
[2016-11-02 08:22:04] rapidtrades : send all ur complaints to @mixmic
[2016-11-02 08:22:25] CapitalGains : Guys, don't you love the 0.1 spread on this market?
[2016-11-02 08:22:50] rapidtrades : on ZEC?
[2016-11-02 08:23:10] CapitalGains : Yes ZEC
[2016-11-02 08:23:23] rapidtrades : yeah it pretty bad
[2016-11-02 08:23:37] CapitalGains : Except, of course, you can't market buy or sell without losing out big time
[2016-11-02 08:23:47] rapidtrades : it's very inelastic so not surprised
[2016-11-02 08:24:17] wurstgelee : i am betting on a zec polo pump
[2016-11-02 08:24:19] wurstgelee : gonna mine some
[2016-11-02 08:24:23] RoftheN : If only they used smaller quantitites than 1
[2016-11-02 08:24:39] rapidtrades : i'd wait for 2 to fall first @wurstgelee
[2016-11-02 08:24:51] RoftheN : I'll buy some on Poloniex and hope it doubles
[2016-11-02 08:24:56] rapidtrades : now it's still in noman's land
[2016-11-02 08:24:56] wurstgelee : 2 to fall?
[2016-11-02 08:24:58] wurstgelee : its 1.5
[2016-11-02 08:25:09] micmix : RoftheN: it's for whales only, protects smaller traders from losing everything
[2016-11-02 08:25:16] rapidtrades : yeah if we break 2 likely gonna retest 3-3.5
[2016-11-02 08:25:21] wurstgelee : also adding more hashes as we go down (hases get cheaper)
[2016-11-02 08:25:24] BitMEX_Jack : bbking: 可以部分平，放部分的限价单或市价单就行
[2016-11-02 08:25:28] wurstgelee : *h
[2016-11-02 08:25:35] BitMEX_Jack : bbking: 要自己放
[2016-11-02 08:25:50] rapidtrades : who's this guy ^
[2016-11-02 08:25:57] RoftheN : Lol
[2016-11-02 08:26:36] arbitrage001 : rapidtrades: wish trading is that easy
[2016-11-02 08:26:36] wurstgelee : got 50kSol/s running now. ;)
[2016-11-02 08:26:49] rapidtrades : gl :)
[2016-11-02 08:27:08] rapidtrades : at least ur supporting the network
[2016-11-02 08:27:51] bbking : 平仓哪里有填数量啊？
[2016-11-02 08:28:21] wurstgelee : rapidtrades: yep. makes mining more expensive for others ;)
[2016-11-02 08:28:52] wurstgelee : pumping the diff like a pro
[2016-11-02 08:32:24] chromaticcr1 : bbking: 你开仓的位置，比如说你做多100张，然后点做多。平仓的话就输入比如说50张（平半仓），然后点 卖出/做空。
[2016-11-02 08:33:12] chromaticcr1 : 就是持有多仓就做空平仓，持有空仓的就做多平仓，逻辑类似于现货杠杆交易
[2016-11-02 08:34:03] bbking : 哦，为什么不是叫平仓
[2016-11-02 08:34:27] bbking : 只看到仓位那里有平仓按钮
[2016-11-02 08:36:16] rapidtrades : are they actually chatting or just f*cking with us ^
[2016-11-02 08:36:39] rapidtrades : @~:*|$"+_
[2016-11-02 08:37:05] arbitrage001 : rapidtrades: use google translator
[2016-11-02 08:37:10] bbking : f*** u
[2016-11-02 08:37:12] chromaticcr1 : bbking: 这个我也不知道，可能是这边仓位是净值，比如持有100张多仓，到点反手做空的话，输入200张然后做空，就会拿着 100 张空仓
[2016-11-02 08:37:18] chromaticcr1 : bbking: 哈哈
[2016-11-02 08:37:35] chromaticcr1 : rapidtrades: yeah we are just Fkin w/ you :P
[2016-11-02 08:38:15] rapidtrades : yeah thought so
[2016-11-02 08:38:20] chromaticcr1 : 在这边玩了一年多都习惯了～
[2016-11-02 08:38:40] bbking : 一年多。。。。
[2016-11-02 08:38:44] bbking : 这平台上线多久啊
[2016-11-02 08:39:14] chromaticcr1 : 14年11月
[2016-11-02 08:39:28] bbking : 玩一年多，还没亏完
[2016-11-02 08:39:30] bbking : 厉害啊
[2016-11-02 08:39:35] chromaticcr1 : -_-
[2016-11-02 08:39:50] chromaticcr1 : .。。。-_-
[2016-11-02 08:40:13] chromaticcr1 : 哥是老韭菜啊
[2016-11-02 08:40:22] bbking : 有没有在OK玩
[2016-11-02 08:40:27] chromaticcr1 : 走了很久
[2016-11-02 08:40:29] laisee : Insider trading
[2016-11-02 08:40:49] chromaticcr1 : ok我起码亏了30B，死多死到200刀的
[2016-11-02 08:41:04] CapitalGains : I think with crypto insider trading is the whole idea?
[2016-11-02 08:41:16] bbking : 这里比OK好在哪？
[2016-11-02 08:41:22] chromaticcr1 : 我是11年末进场的
[2016-11-02 08:41:22] bbking : 波动比较小，不容易爆仓？
[2016-11-02 08:41:38] wurstgelee : ICH HÄTTE GERNE EINE BREZEL BITTE
[2016-11-02 08:41:45] bbking : 我新来的
[2016-11-02 08:41:54] bbking : 11年进场，你赚发了吧
[2016-11-02 08:42:01] CapitalGains : ICH AUCH
[2016-11-02 08:42:16] chromaticcr1 : bbking: 这边爆仓少亏一点，ok爆了亏2%，这边亏0.5% （就是维持保证金那个）
[2016-11-02 08:42:19] BitMEX_Jack : bbking: 我的意思是，不要按右下角的平仓按纽，尝试一下自己下委托来平仓，像开仓一样，这样会比较好控制一点
[2016-11-02 08:42:20] wurstgelee : SEHR GERNE! DARFS SONST NOCH ETWAS SEIN?
[2016-11-02 08:42:30] laisee : Ich bin eine bitcoiner
[2016-11-02 08:42:37] wurstgelee : ;)
[2016-11-02 08:42:39] chromaticcr1 : BANG DING OW
[2016-11-02 08:42:44] chromaticcr1 : HO LEE FUK
[2016-11-02 08:43:10] rapidtrades : RAMMSTEIN
[2016-11-02 08:43:25] bbking : BitMEX_Jack: 那样不会有多空两个仓位吗？
[2016-11-02 08:43:51] chromaticcr1 : bbking: 而且有XBTUSD那个永续掉期合约，不用烦交割那些。
[2016-11-02 08:43:53] laisee : emoticons pls ✅?✅?????
[2016-11-02 08:43:55] CapitalGains : GIBT ES HIER ZEC KÄUFER?
[2016-11-02 08:44:13] chromaticcr1 : 恩，一个合约只可以持有单边的仓位，因为仓位是净值的
[2016-11-02 08:45:19] chromaticcr1 : 就是刚才那个反手开空的例子
[2016-11-02 08:45:33] rapidtrades : i don't get how ppl read that ^^^ there's no spaces or anything
[2016-11-02 08:45:35] bbking : 比如我做多200张，然后做空100张，结果是我持100张多仓？ 做空的100张相当于平多？
[2016-11-02 08:45:42] rapidtrades : how do u know where words end
[2016-11-02 08:45:45] BitMEX_Jack : 倉位是淨值的，所以如果你多了，你空一張就只是平了一張的倉
[2016-11-02 08:46:02] chromaticcr1 : 嗯嗯～
[2016-11-02 08:46:06] laisee : No words - there are
[2016-11-02 08:46:52] bbking : ok 明白
[2016-11-02 08:47:01] BitMEX_Jack : bbking: 是的，如果多200張，然後做空100張，你就只剩下100張多
[2016-11-02 08:47:55] bbking : BitMEX_Jack: 为什么你们用繁体字，说普通话
[2016-11-02 08:48:42] BitMEX_Jack : 而做空的那100张，你还可以分10次，每次10张的放，就可以分十个不同的价格逐步平仓了
[2016-11-02 08:49:36] CapitalGains : rapidtrades: Most words are one to two characters. Once you've memorised the characters, it's almost easier than reading an alphabet.
[2016-11-02 08:49:46] BitMEX_Jack : 我是香港人,剛打字赶急没翻译好成简体字
[2016-11-02 08:50:17] BitMEX_Jack : 懂说普通话
[2016-11-02 08:50:23] rullwull : wtf, speak english
[2016-11-02 08:52:05] rullwull : or make a separate chats for other languages
[2016-11-02 08:53:07] bbking : or u can just ignore it
[2016-11-02 08:53:14] RoftheN : Mag ik nu ook mijn eigen taal spreken?
[2016-11-02 08:53:33] bbking : rullwull: do u have QQ?
[2016-11-02 08:53:38] CapitalGains : Natuurlik mag jy
[2016-11-02 08:53:47] bbking : haha
[2016-11-02 08:54:13] rullwull : WeChat
[2016-11-02 08:54:35] bbking : niubility
[2016-11-02 08:55:03] chromaticcr1 : 话说BitMEX有个微信群，你在吗？
[2016-11-02 08:55:30] bbking : 不在
[2016-11-02 08:55:54] bbking : 竟然不是QQ群
[2016-11-02 08:56:03] wurstgelee : Your long ZECZ16 position was deleveraged by 3 contracts at a price of 8.957605.
[2016-11-02 08:56:08] wurstgelee : ill print a tshirt with that
[2016-11-02 08:56:19] rapidtrades : ahahaha
[2016-11-02 08:56:19] wurstgelee : back: I got ADL'ed @ BitMEX
[2016-11-02 08:57:45] rapidtrades : man it was such a fun trading night until they messed it up with the cap and everything after
[2016-11-02 08:57:47] REKT : Liquidated long on `XBTZ16`: Sell 500 @ 761.18
[2016-11-02 08:57:55] CapitalGains : wurstgelee: That was on Friday right?
[2016-11-02 08:57:57] REKT : Liquidated long on `XBTUSD`: Sell 5000 @ 721.78
[2016-11-02 08:58:04] rapidtrades : volume plummeted after that
[2016-11-02 08:58:14] wurstgelee : CapitalGains: yes, just scrolling to my recent mails
[2016-11-02 08:58:17] wurstgelee : cleaning up ;)
[2016-11-02 08:58:27] CapitalGains : Keep that on
[2016-11-02 08:58:30] CapitalGains : *one
[2016-11-02 08:58:38] wurstgelee : yes, i sure as hell will
[2016-11-02 08:58:57] wurstgelee : maybe i'll really drunk-order that shirt sometime soon
[2016-11-02 08:58:59] wurstgelee : ;)
[2016-11-02 08:59:07] REKT : Liquidated short on `LSKXBT`: Buy 16 @ 0.000235
[2016-11-02 08:59:27] wurstgelee : hmhmhmm btc
[2016-11-02 08:59:35] wurstgelee : u look a bit sick
[2016-11-02 08:59:38] rapidtrades : now BTC is dumping
[2016-11-02 08:59:44] rapidtrades : good for ZEC tho
[2016-11-02 08:59:52] laisee : wurstgelee: thats a great shirt
[2016-11-02 09:00:05] wurstgelee : laisee: yep ;)
[2016-11-02 09:00:18] UncleCreepy : how much is one SEC?
[2016-11-02 09:00:32] REKT : Liquidated long on `XBTZ16`: Sell 12500 @ 760.13
[2016-11-02 09:00:33] UncleCreepy : ZEC?
[2016-11-02 09:00:34] wurstgelee : 1000 mSec
[2016-11-02 09:01:07] laisee : 1.5BTC or o.3999BTC - depends what store u buy at
[2016-11-02 09:01:33] wurstgelee : hehe
[2016-11-02 09:01:57] CapitalGains : Oh man, to sell my ZEC longs on polo...
[2016-11-02 09:02:26] wurstgelee : waiting for another confirmation, btc soooo slow :/
[2016-11-02 09:02:26] UncleCreepy : I want to buy at the discount shop hehe
[2016-11-02 09:02:31] wurstgelee : adding more hashes
[2016-11-02 09:02:35] wurstgelee : :)
[2016-11-02 09:02:46] CapitalGains : wurstgelee: You're confident of a pump to 2?
[2016-11-02 09:03:00] rapidtrades : UncleCreepy: u can buy but prepare to hold for 2 months if needed
[2016-11-02 09:03:02] wurstgelee : CapitalGains: i figure it will eventually happen in the near future
[2016-11-02 09:03:06] wurstgelee : ;)
[2016-11-02 09:03:51] CapitalGains : I also think once more is likely... not sure how many times after that
[2016-11-02 09:03:53] rapidtrades : can't we fix the margin needed to some time-weigthed average?
[2016-11-02 09:04:13] rapidtrades : instead of last on ZEC?
[2016-11-02 09:04:25] rapidtrades : cos they're obv not going to polo yet
[2016-11-02 09:05:06] UncleCreepy : Hold it for 2 months?
[2016-11-02 09:05:21] rapidtrades : if needed :)
[2016-11-02 09:08:45] UncleCreepy : Well there goes my short term strategy:(
[2016-11-02 09:09:50] rapidtrades : can't do ZEC here short-term...just look at that spread
[2016-11-02 09:09:55] bbking : 昨天空到现在，终于盈利了
[2016-11-02 09:10:24] rapidtrades : over 22% spread
[2016-11-02 09:10:42] CapitalGains : Actually if you're patient you can make a sizeable profit just trading across the spread like a trade bot
[2016-11-02 09:11:18] aethlios : https://www.tradingview.com/x/Apxhw2PY/
[2016-11-02 09:11:28] aethlios : btc upside in early stage
[2016-11-02 09:12:15] CapitalGains : aethlios: Nice graphic
[2016-11-02 09:12:21] rapidtrades : @aethlios whats ur average ZEC price
[2016-11-02 09:12:26] kradiav : btc - launchpad mode /t
[2016-11-02 09:13:08] rapidtrades : 2 days ago operation Fury margined over 100 shorts...are you SAFE?
[2016-11-02 09:13:26] aethlios : rapidtrades: 2,35 closed 0,3, then opened 15* 0,5825 closed 5 0,375 and want to close 10 left (I am the 0,35 buyer) to free margin to use for btc
[2016-11-02 09:13:58] rapidtrades : cool
[2016-11-02 09:14:16] aethlios : i have liq. price 10,23 so i use to much margin, i want to concentrate to btc now
[2016-11-02 09:14:39] aethlios : do some arb receive the premium
[2016-11-02 09:14:44] rapidtrades : yeah doesn't make sense...risk 9.5 BTC max gain 0.5 btc
[2016-11-02 09:16:43] CapitalGains : Short on offer at 0.399, limited time only :D
[2016-11-02 09:18:01] aethlios : 0,35 my bid, in 2 days will look a bargain
[2016-11-02 09:18:17] CapitalGains : Probably.
[2016-11-02 09:18:39] rapidtrades : aethlios: then keep ur short
[2016-11-02 09:18:42] rapidtrades : talk is cheap
[2016-11-02 09:18:54] rapidtrades : 0.375% in btc is nothing
[2016-11-02 09:19:48] CapitalGains : aethlios: I agree, it's more about waiting.
[2016-11-02 09:20:15] rapidtrades : but he's short
[2016-11-02 09:20:48] rapidtrades : he says in 2 days we will be lower
[2016-11-02 09:21:13] arbitrage001 : has been saying that since the beginning?
[2016-11-02 09:21:20] arbitrage001 : before zcash launch
[2016-11-02 09:21:34] rapidtrades : yea he said we'll go to 0.1 on polo 2 days ago
[2016-11-02 09:21:40] rapidtrades : prolly lost a ton
[2016-11-02 09:21:49] arbitrage001 : he said a lot of things turn
[2016-11-02 09:21:55] arbitrage001 : all turn out to be wrong
[2016-11-02 09:22:03] arbitrage001 : just bet against next thing he say
[2016-11-02 09:22:25] rapidtrades : it would've been much worse if he didn't get a helping hand from big brother
[2016-11-02 09:23:02] rapidtrades : ok worse, not much worse :)
[2016-11-02 09:23:04] wurstgelee : another one accepted zec is not a short .4
[2016-11-02 09:23:06] wurstgelee : ;)
[2016-11-02 09:24:05] rapidtrades : if the supply stuff ppl keep trotting out matters then i can't see it below 0.5-0.75
[2016-11-02 09:24:06] BitMEX_Jack : bbking: 你需要我们加你进wechat群吗？
[2016-11-02 09:24:22] rapidtrades : that would be 100-200m market cap
[2016-11-02 09:24:27] wurstgelee : ~ 0.09 ZEC per block ;)
[2016-11-02 09:24:52] rapidtrades : i mean on dec30
[2016-11-02 09:25:15] CapitalGains : wurstgelee: Is that what you're getting?
[2016-11-02 09:25:15] wurstgelee : suprnova has is ~ 33% nethash so, ~ .03 per ZEC block added. ;)
[2016-11-02 09:25:29] wurstgelee : CapitalGains: mining rate
[2016-11-02 09:25:30] wurstgelee : yep
[2016-11-02 09:25:44] l3f : BitMEX_Jack: how do I get into the wechat group?
[2016-11-02 09:25:45] rapidtrades : so that's what 1 ZEC per hr?
[2016-11-02 09:26:03] CapitalGains : So 0.36 ZEC for every mined BTC at the moment
[2016-11-02 09:26:04] BitMEX_Jack : l3f: Give me your wechat id
[2016-11-02 09:26:21] wurstgelee : CapitalGains: how did u get the "per btc"?
[2016-11-02 09:26:22] l3f : BitMex_Jack: not in public m80
[2016-11-02 09:26:25] arbitrage001 : BitMEX_Jack: arbitrage0001
[2016-11-02 09:26:38] arbitrage001 : oh siht, i release my id
[2016-11-02 09:26:40] CapitalGains : 2.5 mins vs 10 mins mining time
[2016-11-02 09:26:42] wurstgelee : CapitalGains: throwing 3 btc @ it, mining @ 75 kSol atm
[2016-11-02 09:26:44] arbitrage001 : pls dont hack me
[2016-11-02 09:27:08] l3f : arbitrage001: hacked, gg for you
[2016-11-02 09:29:13] BitMEX_Jack : arbitrage001: just sent the friend request to u
[2016-11-02 09:30:18] arbitrage001 : BitMEX_Jack: dont see
[2016-11-02 09:30:42] UncleCreepy : how can 1 ZEC be worth 3 times more at polo?
[2016-11-02 09:30:42] arbitrage001 : maybe slow server
[2016-11-02 09:31:03] arbitrage001 : UncleCreepy: cuz people here want to give free money
[2016-11-02 09:31:04] BitMEX_Jack : u can chat your wechat again
[2016-11-02 09:31:11] BitMEX_Jack : check your wechat*
[2016-11-02 09:31:22] BitMEX_Jack : I have sent twice
[2016-11-02 09:31:32] wurstgelee : polo walling @ 1.5
[2016-11-02 09:31:41] wurstgelee : defending it for a while now
[2016-11-02 09:32:06] wurstgelee : CapitalGains: Round earnings est: 0.0782 ZEC
[2016-11-02 09:32:16] wurstgelee : was 0.1 a few minutes ago
[2016-11-02 09:32:23] wurstgelee : so..thats what i get per suprnove-mined block
[2016-11-02 09:32:29] wurstgelee : *suprnova
[2016-11-02 09:32:50] BitMEX_Jack : For the rest of the people, if u do not want to disclose your information in public, u may send an email to support@bitmex.com and request for a wechat & QQ group invitation, by stating your wechat & QQ id.
[2016-11-02 09:32:50] rapidtrades : man running a pool must be nice
[2016-11-02 09:33:08] rapidtrades : getting a % without doing much
[2016-11-02 09:33:18] arbitrage001 : BitMEX_Jack: not sure what happen. but i dont get notification on wechat
[2016-11-02 09:33:28] l3f : This volume must be fucking minscicue on ZEC
[2016-11-02 09:33:53] BitMEX_Jack : arbitrage001: Send an email to support@bitmex.com then, we will handle your request.
[2016-11-02 09:34:01] arbitrage001 : BitMEX_Jack: ok
[2016-11-02 09:34:16] rapidtrades : ok we're moving
[2016-11-02 09:34:37] arbitrage001 : BitMEX_Jack: by the way, it is arbitrage0001
[2016-11-02 09:34:39] arbitrage001 : with extra 0
[2016-11-02 09:34:56] arbitrage001 : the double 0 one, i forgot the password and change my phone number
[2016-11-02 09:35:07] BitMEX_Jack : arbitrage001: Oh I see it, Added u
[2016-11-02 09:35:26] arbitrage001 : got it this time
[2016-11-02 09:35:36] CapitalGains : I haven't seen a 55 ZEC order for a while
[2016-11-02 09:35:55] CapitalGains : Aside from liquidations
[2016-11-02 09:36:52] CapitalGains : wurstgelee: It's not you is it with that 55 bid? ;)
[2016-11-02 09:37:05] rapidtrades : wooo 55 bid
[2016-11-02 09:37:06] arbitrage001 : crap, why is zec price going up
[2016-11-02 09:37:15] arbitrage001 : i like my bid at 0.1 filled
[2016-11-02 09:37:17] rapidtrades : why? cos it's awesome
[2016-11-02 09:37:44] RocketScience : 1 usd spammer bot on usd swap
[2016-11-02 09:37:54] RocketScience : obfuscating and shit
[2016-11-02 09:39:00] rapidtrades : i think sleger is getting in the same now
[2016-11-02 09:39:05] rapidtrades : game*
[2016-11-02 09:39:25] RocketScience : what will he do?
[2016-11-02 09:39:40] rapidtrades : well u see with the 55 bid at 0.4
[2016-11-02 09:41:14] rapidtrades : sleger is mad now
[2016-11-02 09:41:45] CapitalGains : What makes you think it's him?
[2016-11-02 09:41:54] Kahir : woo
[2016-11-02 09:41:57] Kahir : whale on zcash ?
[2016-11-02 09:42:00] Kahir : zooko ?
[2016-11-02 09:42:59] wurstgelee : CapitalGains: 55 bid?
[2016-11-02 09:43:02] wurstgelee : nicehash?
[2016-11-02 09:43:11] wurstgelee : no. fixed orders ~ .3
[2016-11-02 09:43:11] CapitalGains : 44 bid
[2016-11-02 09:43:16] wurstgelee : or here?
[2016-11-02 09:43:17] CapitalGains : *55
[2016-11-02 09:43:25] wurstgelee : lol :)
[2016-11-02 09:43:52] wurstgelee : i roll with fixed orders. cba to deal with others outbidding me
[2016-11-02 09:44:07] wurstgelee : too much annoyance
[2016-11-02 09:44:44] wurstgelee : polo 1.65
[2016-11-02 09:44:49] CapitalGains : If these bidders area serious and don't plan to pull out, they could do a lot of damage to the short end of the order book
[2016-11-02 09:44:57] wurstgelee : adding more btc to the orders
[2016-11-02 09:45:03] wurstgelee : seems like a bargain atm ;9
[2016-11-02 09:45:45] rapidtrades : ahahaha 20 more
[2016-11-02 09:46:06] UncleCreepy : hahaha
[2016-11-02 09:46:14] rapidtrades : could be shorts closing
[2016-11-02 09:46:27] rapidtrades : gl with that if u are :)
[2016-11-02 09:46:33] wurstgelee : :D :D :D
[2016-11-02 09:46:36] wurstgelee : such fun
[2016-11-02 09:47:00] wurstgelee : maybe aethlios trying to get out
[2016-11-02 09:47:02] wurstgelee : no clue
[2016-11-02 09:47:35] UncleCreepy : guys im just a little fish getting in the game
[2016-11-02 09:47:41] CapitalGains : No he was at 0.35 with only 10 iirc
[2016-11-02 09:48:11] UncleCreepy : if i understand it good than its not possible to buy ZEC over here and sell it on polo?
[2016-11-02 09:48:26] wurstgelee : UncleCreepy: yes.
[2016-11-02 09:48:28] CapitalGains : Correct: it's not possible, otherwise it would have been done long ago
[2016-11-02 09:48:47] UncleCreepy : hahaha ok
[2016-11-02 09:48:51] wurstgelee : we dont trade ZEc here, we trade ZEC futures
[2016-11-02 09:48:55] aethlios : it's not me.
[2016-11-02 09:48:59] arbitrage001 : i am a pussy
[2016-11-02 09:49:05] arbitrage001 : will bid at 0.35
[2016-11-02 09:49:14] wurstgelee : aethlios: wasnt serious tbh ;)
[2016-11-02 09:49:31] UncleCreepy : Broski what are ZEC features?
[2016-11-02 09:49:41] rapidtrades : it's aethlios
[2016-11-02 09:50:26] rapidtrades : there are 4 big walls 40-30
[2016-11-02 09:50:33] rapidtrades : were they always there
[2016-11-02 09:50:44] wurstgelee : pump it polo, pump it... ;)
[2016-11-02 09:50:48] thomaskikansha : newly added ones?
[2016-11-02 09:51:03] arbitrage001 : 0.35 one is mine
[2016-11-02 09:51:12] yerb : XBT swap lost all premium, why is that?
[2016-11-02 09:51:14] arbitrage001 : just trying to play mind games with short
[2016-11-02 09:51:18] wurstgelee : excellent.
[2016-11-02 09:51:20] wurstgelee : 1.69
[2016-11-02 09:51:25] rapidtrades : yerb: funding
[2016-11-02 09:51:25] wurstgelee : MOAR HASHES
[2016-11-02 09:51:26] arbitrage001 : go baby,
[2016-11-02 09:51:27] wurstgelee : :)
[2016-11-02 09:51:29] arbitrage001 : pump to 5btc
[2016-11-02 09:51:42] arbitrage001 : will surely scare the crap out of short
[2016-11-02 09:51:48] yerb : rapidtrades: in 2 hours?
[2016-11-02 09:51:49] CapitalGains : If these 55 and 22 guys market buy, will be above 1 BTC here too
[2016-11-02 09:51:56] micmix : yerb: pump is over, longs don't want to pay 0.375%
[2016-11-02 09:52:08] rapidtrades : yerb: we had a few max 0.375 and two more coming
[2016-11-02 09:52:23] arbitrage001 : rapidtrades: also shorting btc for the funding here
[2016-11-02 09:52:24] yerb : shit
[2016-11-02 09:53:01] rapidtrades : arbitrage001: yeah been short here for few days now but long overall
[2016-11-02 09:53:23] arbitrage001 : not sure why anyone even want to trade if they can get 1% a day
[2016-11-02 09:53:29] CapitalGains : Is that it? no more pump whales?
[2016-11-02 09:53:34] yerb : so if china pumps again, everybody will go long again?
[2016-11-02 09:53:49] rapidtrades : yerb: yes, if
[2016-11-02 09:54:10] arbitrage001 : i dont think the china crowd is in zcash yet
[2016-11-02 09:54:13] RocketScience : woodchipper time xD
[2016-11-02 09:54:30] arbitrage001 : zcash is mostly expose by western and english meda
[2016-11-02 09:54:33] arbitrage001 : media
[2016-11-02 09:54:43] arbitrage001 : as soon as our chinese overlord notice
[2016-11-02 09:54:49] arbitrage001 : who know how far they will pump
[2016-11-02 09:55:02] arbitrage001 : remember, they pump btc from 100usd to over 1200usd before
[2016-11-02 09:55:08] micmix : arbitrage001: you can get 1% a day for a day then premium goes down, it's not sustainable
[2016-11-02 09:55:49] arbitrage001 : micmix: yes, but will take it as long as i can
[2016-11-02 09:56:04] rapidtrades : arbitrage001: we need big chinese sites to trade it tho
[2016-11-02 09:56:17] arbitrage001 : rapidtrades: it will eventually
[2016-11-02 09:56:35] arbitrage001 : imagine okcoin and the next big 2 exchanges in china add them
[2016-11-02 09:57:04] rapidtrades : :)
[2016-11-02 09:57:29] rapidtrades : okc add would pump it to 5 :)
[2016-11-02 09:57:39] aethlios : why do you focus now on dead zec and not to the KIng???
[2016-11-02 09:58:08] rapidtrades : zec=1.6 btc, is king
[2016-11-02 09:58:10] wurstgelee : aethlios: its possible to do both ;)
[2016-11-02 09:58:22] micmix : okc didn't add eth when it was at peek hype, I doubt they will add zec
[2016-11-02 09:58:30] CapitalGains : That was an incredibly short-lived pump by the 20 and 55 order guys
[2016-11-02 09:59:11] micmix : * peak hype
[2016-11-02 09:59:36] rapidtrades : not there yet m8 :)
[2016-11-02 09:59:39] wurstgelee : micmix: ppek hype is funnier ;)
[2016-11-02 09:59:43] wurstgelee : peek
[2016-11-02 09:59:52] micmix : lol
[2016-11-02 10:00:00] RocketScience : zec will never be as interesting as in the first day :D
[2016-11-02 10:00:17] micmix : autocorrect ftw
[2016-11-02 10:00:20] aethlios : zec founders will receive 2,1 mill coins in 4 years, with 30 usd average price btc holders will fund them with 63 million to have a nice life and fund new zcash fancy scams.
[2016-11-02 10:00:21] wurstgelee : :D
[2016-11-02 10:00:40] wurstgelee : *yawn* ..so 4 years?
[2016-11-02 10:00:48] wurstgelee : better dump everything now
[2016-11-02 10:00:48] wurstgelee : :P
[2016-11-02 10:02:22] aethlios : my last 5 shorts at 0,35, offering you a bargain short entry.
[2016-11-02 10:06:03] sally : lol noobs keep coming here and think they can arb ZEC
[2016-11-02 10:06:19] l3f : ZEC is a fucking pain train
[2016-11-02 10:06:29] l3f : don't ride the ZEC unless you got balls
[2016-11-02 10:06:32] sally : when they realise they cant withdraw its so confusing
[2016-11-02 10:06:43] l3f : three years old and already being manipulated
[2016-11-02 10:06:47] l3f : days*
[2016-11-02 10:06:55] wurstgelee : "already"?
[2016-11-02 10:07:08] l3f : -7 days old and was already manipulated
[2016-11-02 10:07:17] wurstgelee : when would you manipulate a coin if not while one low supply?
[2016-11-02 10:07:24] wurstgelee : *on
[2016-11-02 10:08:46] RocketScience : china bless us with a exit before funding
[2016-11-02 10:09:43] RocketScience : China has heard my call!!!
[2016-11-02 10:09:53] RocketScience : to the moon
[2016-11-02 10:10:45] wurstgelee : haha
[2016-11-02 10:11:03] RocketScience : bitmexit xD
[2016-11-02 10:11:28] wurstgelee : damn, i accidentally shorted z16
[2016-11-02 10:11:32] wurstgelee : wrong contract
[2016-11-02 10:11:33] wurstgelee : oO
[2016-11-02 10:11:51] RocketScience : no funding for you xD
[2016-11-02 10:12:04] wurstgelee : yep
[2016-11-02 10:12:05] rapidtrades : i see a pattern ...
[2016-11-02 10:12:12] RocketScience : enlighten us
[2016-11-02 10:12:26] RocketScience : wait with your short
[2016-11-02 10:12:30] RocketScience : it will try to recover
[2016-11-02 10:12:40] wurstgelee : aand i bailed
[2016-11-02 10:13:04] RocketScience : panic to the upside D:
[2016-11-02 10:13:19] micmix : wurstgelee: MM thanks you for your money ;-)
[2016-11-02 10:13:25] wurstgelee : micmix: np ;)
[2016-11-02 10:13:27] wurstgelee : hehe
[2016-11-02 10:13:48] wurstgelee : i chose the cheap exit over risk in that case ;)
[2016-11-02 10:14:53] RocketScience : my prayers are being answered haha
[2016-11-02 10:15:06] wurstgelee : RocketScience: yes
[2016-11-02 10:16:41] CapitalGains : If I accidentally shorted I would close immediately too
[2016-11-02 10:17:19] wurstgelee : good decision so far
[2016-11-02 10:18:30] RocketScience : i wish bitstamp was as liquid as 0kcoin
[2016-11-02 10:20:27] CapitalGains : Are those bots I see changing their orders instantly here on ZEC?
[2016-11-02 10:31:06] sally : anyone thinking zec will be over 1btc or anywhere near december needs to reconsider crypto career
[2016-11-02 10:34:11] kradiav : sally: do send away our customers :P
[2016-11-02 10:34:24] kradiav : don't*
[2016-11-02 10:38:29] sally : lol sorry
[2016-11-02 10:38:49] sally : Zec is actually a perfect buy for easy profit at this level
[2016-11-02 10:38:57] sally : its a no brainer
[2016-11-02 10:39:08] CapitalGains : There we go!
[2016-11-02 10:42:08] CapitalGains : Cheers folks, I'm going to call ZEC trading a day until it reaches 0.1 (it's been good while it's lasted, but my actual work is suffering). Have fun!
[2016-11-02 10:45:02] wurstgelee : sally: welcome to the club of people who know ;)
[2016-11-02 10:45:24] rapidtrades : sally so smart right now
[2016-11-02 10:58:03] sally : what is btc doing tonight
[2016-11-02 10:58:27] sally : looks like it will shed some gains
[2016-11-02 11:21:51] seafood : Would anyone be willing to teach a newbie about how futures contracts work?
[2016-11-02 11:22:08] seafood : I find the documentation a little too jargon laden
[2016-11-02 11:22:30] BitMEX_Wally : seafood: They work very well
[2016-11-02 11:22:48] seafood : I'm sure they do. Are you a bot?
[2016-11-02 11:23:05] BitMEX_Wally : Haha, I'm one of the co-founders
[2016-11-02 11:23:12] seafood : Okay, sorry.
[2016-11-02 11:23:45] BitMEX_Wally : We have a testnet environment if you would like to play around without using real money: https://testnet.bitmex.com
[2016-11-02 11:23:46] seafood : So, this is the first time I've thought about trading futures. I think I understand what an option is, but I really don't get futures fully yet.
[2016-11-02 11:24:05] seafood : BitMEX_Wally: That is fantastic! I will do that for sure!
[2016-11-02 11:24:52] seafood : But would you be willing to run through some of the basics with me?
[2016-11-02 11:25:05] BitMEX_Wally : seafood: Our futures are cash settled, so they are similar to trading the underlying coin, and you get your PNL in Bitcoin
[2016-11-02 11:25:13] seafood : I realise that's a lot to ask since you have so many customers on here.
[2016-11-02 11:25:26] ytaews : seafood: do you mean futures on this website or futures generally?
[2016-11-02 11:25:35] seafood : This website, but also in general.
[2016-11-02 11:26:05] ytaews : So in general you're agreeing to buy or sell a certain amount of something at a date in the _future_
[2016-11-02 11:26:13] seafood : So, I'm looking at the ZECZ16 orderbook at the moment.
[2016-11-02 11:26:24] ytaews : ok
[2016-11-02 11:26:37] BitMEX_Wally : Futures can be physically settled (when the contract expires the long pays cash and the short delivers the product) or cash settled (long receives PNL between entry price and settlement price)
[2016-11-02 11:26:40] seafood : What I find strange is that the current price of ZEC is 1.60 and yet the last traded price on the contract is 0.402765
[2016-11-02 11:26:42] BitMEX_Wally : All our futures are cash settled, using Bitcoin
[2016-11-02 11:26:59] seafood : Say, I think the that ZEC is going to go down from 1.60. Which contract do I buy?
[2016-11-02 11:27:07] ytaews : seafood: what that means is that the market 'expects' the price of ZEC to go down
[2016-11-02 11:27:20] ytaews : the market expects that the price of ZEC in december will be around 0.4
[2016-11-02 11:27:26] BitMEX_Wally : seafood: You would sell ZECZ16 but everyone expects that too which is why it is trading at 0.40
[2016-11-02 11:27:35] seafood : Got it.
[2016-11-02 11:27:57] BitMEX_Wally : There is no way to borrow ZEC and short it on the spot market, hence why its price is high at 1.60
[2016-11-02 11:28:57] seafood : Sure. But could I make a profit, theoretically, with a couple of days on the ZECZ16 market?
[2016-11-02 11:29:08] seafood : And what would have to happen for that to happen?
[2016-11-02 11:29:27] BitMEX_Wally : Sure, buy low sell high
[2016-11-02 11:29:29] BitMEX_Wally : Or sell high buy low
[2016-11-02 11:29:38] BitMEX_Wally : 1 contract of ZECZ16 is worth 1 ZEC, and if you hold the position until 30 December 2016 then your position will be closed out at the settlement price which will be determined by looking at the ZEC market on Poloniex
[2016-11-02 11:29:42] ytaews : people's expectations of the price in December would need to change
[2016-11-02 11:29:52] seafood : e.g. Say I buy a contract right now at, say 0.4
[2016-11-02 11:30:03] seafood : What happens if the price of ZEC drops from 1.6 to 1.2
[2016-11-02 11:30:10] seafood : Does that give me anything?
[2016-11-02 11:30:17] ytaews : not directly
[2016-11-02 11:30:20] RocketScience : BitMEX_Wally: Lisk getting delisted on 4th?
[2016-11-02 11:30:26] BitMEX_Wally : RocketScience: Yes
[2016-11-02 11:30:29] ytaews : it might change people's expectations of what the price will be in December
[2016-11-02 11:30:31] RocketScience : beofre the pump? :(
[2016-11-02 11:30:34] RocketScience : haha
[2016-11-02 11:30:50] BitMEX_Wally : seafood: If the price is 1.2 on 30 December and you went long 1 contract at 0.40 then you will make 0.80 profit
[2016-11-02 11:30:51] sally : if we think december close looks under .4 then we will sell it harder
[2016-11-02 11:31:08] seafood : BitMEX_Wally: People sell contracts before the closing day, right?
[2016-11-02 11:31:18] seafood : How do they make a profit when they do that?
[2016-11-02 11:31:21] sally : if we think it close at 1btc then we buy it up
[2016-11-02 11:31:21] BitMEX_Wally : seafood: They can sell whenever but no harm in holding until expiry
[2016-11-02 11:31:36] BitMEX_Wally : If you buy at 0.40 now and sell at 0.60 next week then you make 0.20
[2016-11-02 11:31:46] seafood : sally: And what price would you buy it at?
[2016-11-02 11:32:06] seafood : How do I buy a contract at 0.40 but then get someone to pay 0.60 for it?
[2016-11-02 11:32:13] sally : seafood: I wouldn't
[2016-11-02 11:32:19] ytaews : if I knew the answer to that, I wouldn't tell you
[2016-11-02 11:32:25] sally : ytaews: lol
[2016-11-02 11:32:28] seafood : Hahaha.
[2016-11-02 11:32:44] BitMEX_Wally : seafood: The simplest way to think about it is to treat ZECZ16 as a coin with its own value. It goes up and down and its value will eventually converge to ZEC at the end of December
[2016-11-02 11:32:51] sally : seafood: put a buy at .4 and I will sell to you
[2016-11-02 11:33:29] seafood : sally: Ah, so I'm assuming you think it worth less than 0.4 in December?
[2016-11-02 11:33:32] seafood : (or is it the other way around?)
[2016-11-02 11:33:52] BitMEX_Wally : seafood: You would be long, he would be short
[2016-11-02 11:33:54] sally : seafood: im just a mug trying to take advantage of you
[2016-11-02 11:34:11] Formiga : BitMEX_Wally: Is there any way to turn off the purple line price indicator on charts?
[2016-11-02 11:34:12] sally : dont listen to anything I say in here, ever
[2016-11-02 11:34:22] BitMEX_Wally : If the price of ZEC doubles tomorrow, then it's likely the price of ZECZ16 will go up too, so the value of ZECZ16 is heavily affected by the underlying coin
[2016-11-02 11:34:28] seafood : sally: Don't worry I'll take you with a grain of salt
[2016-11-02 11:34:40] BitMEX_Wally : Formiga: Right click on charts choose 'Objects Tree' then click 'X' on `.ZECXBT`
[2016-11-02 11:35:47] rapidtrades : BitMEX_Wally: wally what's the reasoning behind keeping the 10 cap still? why not remove it regardless of whether we're marked to polo
[2016-11-02 11:36:02] Formiga : BitMEX_Wally: thank you
[2016-11-02 11:36:14] seafood : Okay, thanks everyone you've been somewhat helpful. Thanks.
[2016-11-02 11:36:17] BitMEX_Wally : rapidtrades: Basically we'll remove the cap when we move to fair price marking because then we only need to send out 1 email announcement rather than 2.
[2016-11-02 11:36:21] seafood : I'm going to try my hand on the testnet.
[2016-11-02 11:36:28] BitMEX_Wally : rapidtrades: I've already moved the maxPrice from 10 XBT to 100 XBT in testnet
[2016-11-02 11:37:50] seafood : So, one more question to the crowd
[2016-11-02 11:37:57] seafood : Price is currently 1.6
[2016-11-02 11:38:11] seafood : If the price was 0.4 in December then you would make quite a bit of profit, right?
[2016-11-02 11:38:22] BitMEX_Wally : Yes
[2016-11-02 11:38:23] seafood : Does everyone make that who bought a contract?
[2016-11-02 11:38:46] BitMEX_Wally : Everyone who is long on 30 December will have their position sold at the settlement price i.e. 1.6 in this example
[2016-11-02 11:39:05] BitMEX_Wally : So everyone long will make qty x 1.6 - avgEntryPrice
[2016-11-02 11:39:25] seafood : It just seems to somehow not work. If everyone thinks the price is going down how can everyone profit?
[2016-11-02 11:39:29] seafood : I mean, where is the money coming from?
[2016-11-02 11:40:09] BitMEX_Wally : If the price of ZEC is 1.6 in December, then ZECZ16 will be 1.6 in December too
[2016-11-02 11:40:22] BitMEX_Wally : As the clock runs out, the futures price will converge on the spot price
[2016-11-02 11:40:42] wurstgelee : z16 here will settle on spot price @ dec 30
[2016-11-02 11:40:43] wurstgelee : ;)
[2016-11-02 11:40:45] BitMEX_Wally : seafood: The futures contract is zero-sum. For every long there is a short, for every profit there is a loss
[2016-11-02 11:40:54] Slashterix : or spot will converge on bitmex price ;)
[2016-11-02 11:40:56] seafood : Ah, thank you!
[2016-11-02 11:41:01] wurstgelee : Slashterix: lol....or that
[2016-11-02 11:41:03] wurstgelee : =)
[2016-11-02 11:41:07] seafood : So there are people who think it's worth more than 1.6 in December?
[2016-11-02 11:41:22] wurstgelee : probably even that
[2016-11-02 11:41:24] wurstgelee : 1.6 doesnt matter tho
[2016-11-02 11:41:31] wurstgelee : u can buy for .4 here
[2016-11-02 11:41:34] rapidtrades : doesn't have to be worth more :)
[2016-11-02 11:41:36] seafood : BitMEX_Wally: Are you saying that it can be hard to buy contracts?
[2016-11-02 11:41:43] wurstgelee : so u would have to thinkm its worth more than .4 @ dec 30
[2016-11-02 11:41:48] rapidtrades : even if it halves u still make 100%
[2016-11-02 11:41:49] seafood : I mean hard to find buyers?
[2016-11-02 11:41:49] BitMEX_Wally : There's an order book
[2016-11-02 11:41:54] wurstgelee : if u long there :)
[2016-11-02 11:42:02] BitMEX_Wally : There are bids and offers in the order book