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 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
[2016-11-02 11:42:07] wurstgelee : seafood: u dont need buyers for settlement
[2016-11-02 11:42:12] wurstgelee : or sellers etc..
[2016-11-02 11:42:12] BitMEX_Wally : You can take those prices, or you can place your own order for the order book
[2016-11-02 11:42:35] rapidtrades : ofc the variable is time...ur likely not gonna see that profit before dec
[2016-11-02 11:43:09] seafood : Okay, but this is where I get confused again. Let's go with a hypothetical situation where _everyone_ buys contracts for a price which is lower than the final price in December.
[2016-11-02 11:43:26] BitMEX_Wally : They have to buy the contracts from a seller
[2016-11-02 11:43:33] BitMEX_Wally : So for every long contract there is a short contract
[2016-11-02 11:43:58] rapidtrades : think of it this way...prices here are low cos 90% of ppl here are degen gamblers
[2016-11-02 11:44:02] seafood : Okay, so it _can_ be hard to get a contract if the counterpart doesn't exist.
[2016-11-02 11:44:20] wurstgelee : seafood: if no counterpart offers the contract at the price u desire.... ;)
[2016-11-02 11:44:23] wurstgelee : yep
[2016-11-02 11:44:32] wurstgelee : but thats not different to spot ;)
[2016-11-02 11:44:44] wurstgelee : u cant sell if noone wants to buy and vice versa
[2016-11-02 11:44:55] wurstgelee : @ the a given price
[2016-11-02 11:45:00] wurstgelee : *-a
[2016-11-02 11:49:12] TwinnerD : BitMEX_Wally: how often is the leaderboard updated?
[2016-11-02 11:49:22] BitMEX_Wally : TwinnerD: Once a day I think
[2016-11-02 11:50:54] TwinnerD : thank Wall-E
[2016-11-02 11:54:46] rapidtrades : 24hr Volume: 3654.82498529 BTC / 1929.02437568 ZEC
[2016-11-02 11:55:41] sleger : ok but the price is still too high
[2016-11-02 11:56:12] rapidtrades : :)
[2016-11-02 11:56:16] BitMEX_Wally : Nothing a -450% basis rate won't solve
[2016-11-02 11:56:44] TwinnerD : BitMEX_Wally: is there a way to disable the order amendement in chart? I like to space out and randomly click on my screen when I am bored
[2016-11-02 11:57:27] mrp1nk : sup
[2016-11-02 11:58:12] BitMEX_Wally : TwinnerD: I don't think so, but there is a `Warning: Order Amend May Execute` popup if you amend it to aggress
[2016-11-02 11:59:15] sleger : just dont randomly click on it
[2016-11-02 12:00:23] wurstgelee : lol
[2016-11-02 12:00:29] wurstgelee : such funding fun
[2016-11-02 12:00:30] wurstgelee : :D
[2016-11-02 12:00:33] TwinnerD : sleger: I lost about 50k$ in poker to stupid missclicks
[2016-11-02 12:00:36] rapidtrades : BitMEX_Wally: is the marking closer to days or weeks?
[2016-11-02 12:00:44] TwinnerD : I don't know to turn my brain farts off
[2016-11-02 12:01:07] wurstgelee : you dont. learn to live with them ;)
[2016-11-02 12:01:16] habibi : TwinnerD: why didn't u stop clicking after first stupid expensive click?
[2016-11-02 12:01:28] wurstgelee : haha
[2016-11-02 12:01:31] TwinnerD : habibi: that's not how people work
[2016-11-02 12:01:36] rapidtrades : tilted prolly
[2016-11-02 12:01:48] TwinnerD : habibi: have you ever played 16 tables 6max poker? ;)
[2016-11-02 12:02:15] habibi : TwinnerD: nope, i guess that's why i did not lost 50k on stupid missclicks
[2016-11-02 12:02:33] BitMEX_Wally : rapidtrades: months
[2016-11-02 12:03:01] wurstgelee : BitMEX_Wally: u serious?
[2016-11-02 12:03:11] sleger : of course
[2016-11-02 12:03:14] sleger : around dec 1st
[2016-11-02 12:03:21] wurstgelee : thats not months
[2016-11-02 12:03:31] sleger : maybe jan or feb even
[2016-11-02 12:03:47] sleger : and cap might be lower to 2.999999
[2016-11-02 12:04:09] rapidtrades : BitMEX_Wally: it's a srs q...cos if its a matter of weeks then remove the cap...its an unnecessary tail risk for both u and the traders
[2016-11-02 12:04:28] wurstgelee : "By 1 December 2016, we aim to announce the settlement exchange(s)."
[2016-11-02 12:04:32] wurstgelee : =)
[2016-11-02 12:04:42] sleger : "aim"
[2016-11-02 12:04:44] rapidtrades : with prices so much below, ppl can't be relying on it anymore
[2016-11-02 12:04:45] wurstgelee : lol
[2016-11-02 12:04:46] wurstgelee : wtf
[2016-11-02 12:04:50] wurstgelee : when did they add "aim"?
[2016-11-02 12:05:08] wurstgelee : this was a set date...
[2016-11-02 12:05:23] sleger : no because it's at discretion anyways
[2016-11-02 12:06:10] wurstgelee : let me check,..
[2016-11-02 12:07:30] BitMEX_Wally : It is very likely that we will choose Poloniex as the reference exchange on or before 1 December. No other exchange is more liquid
[2016-11-02 12:08:02] wurstgelee : BitMEX_Wally: tbh, noone really expected it to be any other exchange than polo, no? ;)
[2016-11-02 12:08:23] BitMEX_Wally : Yeah, but when we launched the contract Poloniex hadn't even confirmed it would list ZEC
[2016-11-02 12:08:30] wurstgelee : right
[2016-11-02 12:08:36] wurstgelee : noone had
[2016-11-02 12:08:38] wurstgelee : ;)
[2016-11-02 12:08:55] BitMEX_Wally : rapidtrades: No promises but we'll probably move to fair price marking within a week or so
[2016-11-02 12:09:25] BitMEX_Wally : rapidtrades: And given that spot is at 1.53 XBT I cannot believe you really are concerned about a 10 XBT price cap?
[2016-11-02 12:09:56] wurstgelee : not any more ;) but that cap got moved up to 100 anyways now?
[2016-11-02 12:10:11] rapidtrades : like i said it's a unnecessary tail risk....odds are prolly <5% but why risk it?
[2016-11-02 12:10:38] BitMEX_Wally : Risk for who? The longs?
[2016-11-02 12:11:14] rapidtrades : yes and for u as well...what if polo ralllies and stays above 10
[2016-11-02 12:11:29] BitMEX_Wally : Yeah and pigs might fly
[2016-11-02 12:13:38] kradiav : haha
[2016-11-02 12:14:43] wurstgelee : BitMEX_Wally: well.. i agree it wont happen...but u didnt expect the launch day happenings either ;)
[2016-11-02 12:14:48] wurstgelee : neither did i
[2016-11-02 12:20:07] rapidtrades : In financial markets low probability events happen more frequently and are much more severe then ppl expect
[2016-11-02 12:20:42] rapidtrades : seems like an unwise risk to take for saving 1 email...but its ur call
[2016-11-02 12:25:31] mrp1nk : prolly oldnews for some, but still https://www.ft.com/content/fc1f083d-ed79-3cc7-831c-3e16088a43c8
[2016-11-02 12:26:32] mrp1nk : paywall bypass: google BoC+pulls+back+from+Rmb+weakening+streak+with+stronger+fix
[2016-11-02 12:51:59] NL007 : hi
[2016-11-02 13:17:47] REKT : Liquidated long on `XBTZ16`: Sell 250 @ 761.66
[2016-11-02 13:26:48] NL007 : https://www.cryptocoinsnews.com/zcash-bug-prevents-private-transactions-soon-after-launch/
[2016-11-02 13:27:48] REKT : Liquidated long on `XBTUSD`: Sell 10 @ 724.18
[2016-11-02 13:27:57] martinium : sell Mortimer sell!
[2016-11-02 13:32:02] TwinnerD : I pussied out and closed the short at 0.38
[2016-11-02 13:32:11] TwinnerD : so stupid.. will be at 0.1 within a day I am sure
[2016-11-02 13:39:05] NL007 : zcash anon technology doesnt even work
[2016-11-02 13:39:33] NL007 : all the hype about nothing
[2016-11-02 13:39:36] NL007 : lol
[2016-11-02 13:41:45] RoftheN : What do you mean, it does'nt work?
[2016-11-02 13:41:46] wurstgelee : NL007: thats bullshit
[2016-11-02 13:42:08] kingkrung : about zecz16. If I spekulate the price will be lower than 0.38 btc at 30 Dez I will sell, eg short it. is this correct?
[2016-11-02 13:42:17] wurstgelee : kingkrung: yes. basically
[2016-11-02 13:42:23] NL007 : kingkrung: yes
[2016-11-02 13:42:27] wurstgelee : you should have enough margin tho
[2016-11-02 13:42:41] wurstgelee : to not get margin called on random doubles here ;)
[2016-11-02 13:42:44] NL007 : RoftheN: https://www.cryptocoinsnews.com/zcash-bug-prevents-private-transactions-soon-after-launch/
[2016-11-02 13:42:59] kingkrung : I now margin trading from polo. ok thanks
[2016-11-02 13:43:27] wurstgelee : NL007: thats been already adressed.
[2016-11-02 13:43:35] REKT : Liquidated short on `LSKXBT`: Buy 40000 @ 0.000268
[2016-11-02 13:43:38] wurstgelee : tehre is a workaround which works with 1.0.0
[2016-11-02 13:43:51] wurstgelee : also 1.0.1 will fix it permanently
[2016-11-02 13:44:00] wurstgelee : its now flaw in concept, its a small bug, nothing else
[2016-11-02 13:44:04] wurstgelee : *no
[2016-11-02 13:44:33] habibi : lol@funding rate on lisk, probaly u all already noticed that anyway :p
[2016-11-02 13:44:45] wurstgelee : :D
[2016-11-02 13:44:47] wurstgelee : yep
[2016-11-02 13:45:35] TwinnerD : ZEC fucks me again. I close and it tanks
[2016-11-02 13:45:41] sleger : tiny pos but made 0.6btc there
[2016-11-02 13:45:55] NL007 : sleger: nice
[2016-11-02 13:45:58] habibi : yep, hard to open bigger position there
[2016-11-02 13:46:52] Rado : TwinnerD: What do you mean it tanks?
[2016-11-02 13:46:58] Rado : it's 0.38
[2016-11-02 13:47:03] TwinnerD : Rado: did you see the big red dildo on polo?
[2016-11-02 13:47:05] Rado : I closed at 0.31
[2016-11-02 13:47:13] Rado : yesterday
[2016-11-02 13:47:19] Rado : so it's up :-)
[2016-11-02 13:47:46] RoftheN : ZEC never seems to hit my orders :(
[2016-11-02 13:47:52] Rado : I don't see it
[2016-11-02 13:48:28] sleger : someone sold into the 32k liq going to pay 3% funding, good job
[2016-11-02 13:48:38] wurstgelee : sleger: :D :D
[2016-11-02 13:48:41] NL007 : i bought another zec short
[2016-11-02 13:48:46] wurstgelee : someone didnt notice the "-" ... ;)
[2016-11-02 13:48:53] sleger : NL007: I sold another zec long
[2016-11-02 13:48:57] Rado : sleger: which contract?
[2016-11-02 13:48:59] NL007 : i hope it hits 0.3 again
[2016-11-02 13:49:03] sleger : lisk
[2016-11-02 13:49:12] wurstgelee : NL007: we all do ;)
[2016-11-02 13:49:26] Rado : wow
[2016-11-02 13:49:29] Rado : up to 3%
[2016-11-02 13:49:33] Rado : crazy
[2016-11-02 13:49:41] Rado : LSK already up 30%
[2016-11-02 13:49:41] wurstgelee : NL007: needs a few orders @ 38 to get filled first
[2016-11-02 13:49:46] NL007 : if zec tanks to 1.2btc it will hit 0.3
[2016-11-02 13:49:53] wurstgelee : plus i know at least of 2 dozen hidden orders :p
[2016-11-02 13:50:01] Rado : NL007: why do you want to buy it?
[2016-11-02 13:50:20] NL007 : Rado: i am shorting it
[2016-11-02 13:50:29] Rado : so you want to cover?
[2016-11-02 13:51:55] NL007 : Rado: if it hits 0.3 my position will be closed
[2016-11-02 13:53:48] arbitrage001 : NL007: have you been trading for long?
[2016-11-02 13:54:04] arbitrage001 : survive the up, down, hysterial, that is
[2016-11-02 13:54:09] arbitrage001 : and minia
[2016-11-02 13:54:13] arbitrage001 : mania
[2016-11-02 13:54:17] NL007 : arbitrage001: on other exchanges yes
[2016-11-02 13:54:28] NL007 : here only a few days
[2016-11-02 13:54:35] arbitrage001 : polo?
[2016-11-02 13:54:39] NL007 : yes
[2016-11-02 13:54:43] arbitrage001 : i see
[2016-11-02 13:54:45] NL007 : cryptsy
[2016-11-02 13:54:49] NL007 : cex
[2016-11-02 13:54:53] NL007 : yobit
[2016-11-02 13:54:53] arbitrage001 : should do fine if you can survive those two lol
[2016-11-02 13:55:01] wurstgelee : hehe ;)
[2016-11-02 13:55:11] wurstgelee : no trex in the list?
[2016-11-02 13:55:26] NL007 : also trex
[2016-11-02 13:55:28] NL007 : lol
[2016-11-02 13:55:31] wurstgelee : ;)
[2016-11-02 13:55:46] NL007 : a few others who died
[2016-11-02 13:58:04] TwinnerD : I'll short again big if it hits 0.77 again
[2016-11-02 13:59:01] arbitrage001 : TwinnerD: i will close a few if it hit 0.8
[2016-11-02 13:59:16] wurstgelee : arbitrage001: :D
[2016-11-02 13:59:35] wurstgelee : ADL will close a few if it hits 0.8
[2016-11-02 13:59:39] arbitrage001 : wurstgelee: many will short from there down to .4
[2016-11-02 14:00:03] wurstgelee : a lot shorts opened down ~ .3 earlier
[2016-11-02 14:00:04] arbitrage001 : doubtful, only 3 green bar lights up
[2016-11-02 14:00:15] wurstgelee : 4
[2016-11-02 14:00:17] wurstgelee : ;)
[2016-11-02 14:00:31] wurstgelee : 4 on 1x
[2016-11-02 14:00:33] Rado : BTCC - We just launched a new USD/#bitcoin exchange with industry-leading rates and a unique, multi-tier referral program! https://bt.cc/usdexc
[2016-11-02 14:00:35] wurstgelee : shjould be good
[2016-11-02 14:00:43] NL007 : i doubt it will hit 0.8
[2016-11-02 14:00:50] wurstgelee : i dont
[2016-11-02 14:00:52] arbitrage001 : how many outstanding long own in term of outstanding contract?
[2016-11-02 14:00:59] arbitrage001 : you own
[2016-11-02 14:01:36] arbitrage001 : wurstgelee: 4 lights mean one of the counterparty using high margin
[2016-11-02 14:01:48] wurstgelee : arbitrage001: yes, i like it ;)
[2016-11-02 14:01:51] arbitrage001 : small push and you got them
[2016-11-02 14:01:56] arbitrage001 : you should lol
[2016-11-02 14:01:59] arbitrage001 : i know i would
[2016-11-02 14:02:04] wurstgelee : 21.45 btc aka 15 conts
[2016-11-02 14:03:01] wurstgelee : there should be 110 open atm
[2016-11-02 14:03:02] arbitrage001 : once you get them to adl, other short will most likely pile in again
[2016-11-02 14:03:04] wurstgelee : +/- 1
[2016-11-02 14:03:07] arbitrage001 : and price drop to 0.3
[2016-11-02 14:03:14] wurstgelee : waiting for it
[2016-11-02 14:03:30] wurstgelee : willing to add a few down there
[2016-11-02 14:03:32] wurstgelee : :)
[2016-11-02 14:05:00] TwinnerD : why is the funding rate not capped?
[2016-11-02 14:05:09] sleger : it is
[2016-11-02 14:05:09] TwinnerD : do they wonder why there is only 30k open interest?
[2016-11-02 14:05:39] wurstgelee : ? where is there?
[2016-11-02 14:06:21] sleger : only jung1 cares about lisk
[2016-11-02 14:06:33] wurstgelee : oh lisk
[2016-11-02 14:06:36] wurstgelee : lolz
[2016-11-02 14:08:50] javierstone : chinese btc volume way down
[2016-11-02 14:10:09] TwinnerD : sleger: at 3% this is far from traditional capped...
[2016-11-02 14:10:17] TwinnerD : where is the cap? 100%? :D
[2016-11-02 14:10:36] sleger : lower
[2016-11-02 14:10:44] sleger : as I said, it is capped
[2016-11-02 14:11:08] XBT_IHCT : what's capped?
[2016-11-02 14:11:56] sleger : everything is capped here
[2016-11-02 14:12:00] sleger : @CapMEX
[2016-11-02 14:13:25] XBT_IHCT : is the XBTUSD funding rate still calculated using buttfiness somehow?
[2016-11-02 14:13:54] sleger : XBT_IHCT: https://www.bitmex.com/app/contract/XBTUSD
[2016-11-02 14:15:34] TwinnerD : sleger: yes but where and how can I find this out?
[2016-11-02 14:15:39] TwinnerD : 3% is already ridiculous
[2016-11-02 14:16:13] XBT_IHCT : yeah! that's what I thought...
[2016-11-02 14:16:14] sleger : you're entitled to your opinions
[2016-11-02 14:16:16] TwinnerD : this is a APR of 11396225972759300%
[2016-11-02 14:16:34] wurstgelee : lol
[2016-11-02 14:16:35] wurstgelee : apr
[2016-11-02 14:16:38] wurstgelee : :D
[2016-11-02 14:16:45] sleger : apr is dumb as f
[2016-11-02 14:17:06] sleger : lisk rate goes from negative to positive and back all the time, its not always at +3%
[2016-11-02 14:17:23] TwinnerD : the current rate can be used to calculate current APR
[2016-11-02 14:17:30] TwinnerD : thats why its called annualized
[2016-11-02 14:17:55] sleger : thanks for sharing a meaningless number then
[2016-11-02 14:18:00] wurstgelee : so whats the apr for coins @ polo? oO
[2016-11-02 14:18:08] wurstgelee : usually?
[2016-11-02 14:19:08] TwinnerD : currently the highest is 4.7% APR for BTC
[2016-11-02 14:19:18] TwinnerD : all the others are much lower
[2016-11-02 14:19:50] TwinnerD : there are some peaks at like 200% APR but really seldom
[2016-11-02 14:20:04] wurstgelee : polo has last Price marking right? with no reference index?
[2016-11-02 14:20:13] wurstgelee : completely different thing
[2016-11-02 14:20:17] wurstgelee : thats y :)
[2016-11-02 14:20:49] TwinnerD : not arguing that, but I think it should be capped at like 1.5% daily or 0.5% each 8 hours
[2016-11-02 14:20:51] wurstgelee : leding rates there a solely a fuding incentive with zero risk
[2016-11-02 14:20:56] XBT_IHCT : TwinnerD: maybe but there is almost no turnover there on the BTC lending side of things is there.
[2016-11-02 14:20:57] wurstgelee : *n
[2016-11-02 14:21:11] sleger : TwinnerD: that is not true, i have lent coins for 2% per day at polo
[2016-11-02 14:21:13] wurstgelee : here funding is used to push the market to towards the index
[2016-11-02 14:21:30] wurstgelee : sleger: me 2 but i cba to start a discussion ;)
[2016-11-02 14:21:32] TwinnerD : sleger: extremely seldom though
[2016-11-02 14:21:43] wurstgelee : pumping coins have high lending rates there
[2016-11-02 14:21:55] sleger : "TwinnerD: there are some peaks at like 200% APR but really seldom"
[2016-11-02 14:22:03] sleger : 2% per day is much more than 200% APR
[2016-11-02 14:22:09] wurstgelee : "besides that its 4.5% or lower"
[2016-11-02 14:22:11] wurstgelee : ;)
[2016-11-02 14:22:53] wurstgelee : sleger: only a tad
[2016-11-02 14:22:56] wurstgelee : ~ 1377%
[2016-11-02 14:23:13] sleger : 1377% rounded down is about 200% indeed
[2016-11-02 14:23:54] TwinnerD : its still different to have a on demand rate and a forced rate thats pretty much uncapped
[2016-11-02 14:24:13] wurstgelee : its not uncapped. and it serves a different purpose here
[2016-11-02 14:24:21] wurstgelee : you cant compare that
[2016-11-02 14:24:32] TwinnerD : as I said, where can I find the cap?
[2016-11-02 14:24:41] wurstgelee : somwhere in the docs
[2016-11-02 14:24:43] wurstgelee : *e
[2016-11-02 14:25:06] wurstgelee : i cba to check because idk for lisk funding rates tbh
[2016-11-02 14:25:07] TwinnerD : search in all LSK docs, nowhere
[2016-11-02 14:25:15] XBT_IHCT : yesterday the funding index is at 0.8946% on 2016-11-01 20:00:00 entry so why did we only get 0.375%?
[2016-11-02 14:25:32] XBT_IHCT : cap?
[2016-11-02 14:25:34] thomaskikansha : 1.4's gone...new local low incoming
[2016-11-02 14:26:16] wurstgelee : TwinnerD: https://www.bitmex.com/app/swapsGuide#premium-index
[2016-11-02 14:26:29] sleger : XBT_IHCT: yes capped
[2016-11-02 14:26:29] wurstgelee : scroll down a bit, there is a paragraph about funding caps
[2016-11-02 14:26:53] wurstgelee : The absolute Funding Rate is capped at 75% of the Initial Margin - Maintenance Margin. If the Initial Margin is 2% and the Maintenance Margin is 0.5%, the maximum Funding Rate will be 75% * (2% - 0.5%)= 1.125%. The Funding Rate may not change by more than 75% of the Maintenance Margin between Funding Intervals.
[2016-11-02 14:27:35] sleger : so it's capped at 7.5% which is very reasonable for lisk
[2016-11-02 14:27:57] sleger : vely lisky after all
[2016-11-02 14:28:04] wurstgelee : ha
[2016-11-02 14:28:08] TwinnerD : rofl
[2016-11-02 14:28:25] TwinnerD : only 22.5% max per 24h
[2016-11-02 14:28:48] wurstgelee : if the market is pushing in on direction with full force and you join...
[2016-11-02 14:28:48] wurstgelee : yes
[2016-11-02 14:28:53] wurstgelee : *one
[2016-11-02 14:29:04] wurstgelee : *against the index ofc
[2016-11-02 14:29:21] sleger : now funding rate will go down because that idiot of habibi talked about it in chat, thanks again
[2016-11-02 14:29:36] wurstgelee : sleger: u care for lisk?
[2016-11-02 14:29:43] sleger : i collect the funding yes
[2016-11-02 14:30:04] sleger : made 0.6btc with tiny positions
[2016-11-02 14:30:09] wurstgelee : yeah, read that... was referring to only jung cares for... ;)
[2016-11-02 14:30:22] sleger : i dont cale now
[2016-11-02 14:33:03] TwinnerD : sleger: can you tell me what influences the chat color?
[2016-11-02 14:33:24] sleger : how much money you have in your balance
[2016-11-02 14:33:32] sleger : blue is cold = tiny
[2016-11-02 14:33:45] sleger : green is like the color of the $$$ = mega rich
[2016-11-02 14:34:16] sleger : if you deposit like 500btc or more you can become green
[2016-11-02 14:34:36] TwinnerD : helpful thanks -.-
[2016-11-02 14:34:40] wurstgelee : oO
[2016-11-02 14:34:45] wurstgelee : its random...
[2016-11-02 14:34:46] sleger : that also enables you to withdraw ZEC
[2016-11-02 14:34:50] wurstgelee : haha
[2016-11-02 14:34:53] TwinnerD : wurstgelee: can't be random
[2016-11-02 14:35:00] wurstgelee : TwinnerD: y?
[2016-11-02 14:35:03] TwinnerD : I was red a few days ago. I guess its account ager
[2016-11-02 14:35:05] laisee : thought colors maped to IQ
[2016-11-02 14:35:21] wurstgelee : no clue
[2016-11-02 14:35:27] wurstgelee : maybe
[2016-11-02 14:35:28] wurstgelee : idc
[2016-11-02 14:35:37] XBT_IHCT : laisee: that is correct.
[2016-11-02 14:35:40] sleger : idc=?
[2016-11-02 14:35:45] wurstgelee : i dont care
[2016-11-02 14:35:47] TwinnerD : laisee: can't be IQ or do you compare yourself to rapidtrades?
[2016-11-02 14:35:56] sleger : ouch
[2016-11-02 14:36:01] wurstgelee : that hurt
[2016-11-02 14:36:11] laisee : I'm not on his level for anything that can bea measured
[2016-11-02 14:36:26] sleger : TwinnerD: its random, when we said account age it was obv a joke
[2016-11-02 14:36:55] laisee : not true. sleger paid extra to get his color.
[2016-11-02 14:37:50] sleger : i got a discount though
[2016-11-02 14:38:00] sleger : 5 btc instead of 10
[2016-11-02 14:38:26] laisee : bargain!
[2016-11-02 14:38:38] wurstgelee : 5 btc per x chromosome. rapid paid 10.
[2016-11-02 14:38:55] laisee : 10 DOGE
[2016-11-02 14:38:59] sleger : oh you're gonna get him his 4th ban
[2016-11-02 14:39:27] laisee : can get banned for naked taunting?
[2016-11-02 14:39:31] wurstgelee : oh right, thats his button....
[2016-11-02 14:39:33] wurstgelee : i forgot
[2016-11-02 14:39:48] laisee : ... I fought the law ...
[2016-11-02 14:40:51] wurstgelee : someone tell btc to get his act together and push over 5k again please
[2016-11-02 14:41:05] XBT_IHCT : done!
[2016-11-02 14:41:17] wurstgelee : thank you
[2016-11-02 14:43:14] laisee : called the CEO, he will be in office soon
[2016-11-02 14:45:32] rapidtrades : on no....the CEO of ZEC is coming here?
[2016-11-02 14:46:47] laisee : once he has smoked up a storm
[2016-11-02 14:47:09] TwinnerD : rapidtrades: he can't he overdosed on the joy the retard traders gave him
[2016-11-02 14:47:50] laisee : ... smoke ZEC every day ... ;-)
[2016-11-02 14:48:22] wurstgelee : i am not the vape guy but storm was one, right?
[2016-11-02 14:48:27] wurstgelee : *is
[2016-11-02 14:49:00] Rado : the biggest winners right now are founders and miners
[2016-11-02 14:49:13] Rado : selling their coins over 1 BTC
[2016-11-02 14:49:19] Rado : I wish I was mining
[2016-11-02 14:49:23] laisee : investors?
[2016-11-02 14:49:26] wurstgelee : its not that profitable to mine atm
[2016-11-02 14:49:36] Rado : founders = investors
[2016-11-02 14:49:41] wurstgelee : noone has reasonable hashes at home
[2016-11-02 14:49:50] Rado : wurstgelee: what does it take to mine 1 ZEC?
[2016-11-02 14:49:51] TwinnerD : wurstgelee: true but the guys that bought the month long contracts at a theoretical price of 0.05 ZEC make bank now
[2016-11-02 14:49:53] chromaticcr1 : time for email reading :), ZEC to da moon
[2016-11-02 14:50:04] wurstgelee : TwinnerD: yep. those guys are happy :D
[2016-11-02 14:50:13] wurstgelee : also they got adl a few times
[2016-11-02 14:50:18] laisee : Rado: ZEC took 3M in investment from non-founders.
[2016-11-02 14:50:33] wurstgelee : but they rebought like a robot after each adl. i heard.
[2016-11-02 14:50:35] Rado : laisee: that;s what I mean when I say founders
[2016-11-02 14:50:36] TwinnerD : unfortunately I would never touch cloudmining unfortunately. I always think its scam
[2016-11-02 14:50:36] sally : zec is mined %500 more profitable then other alt coins right now
[2016-11-02 14:50:37] wurstgelee : ;)
[2016-11-02 14:50:38] Rado : everyone that invested
[2016-11-02 14:50:47] wurstgelee : sally: thats not true
[2016-11-02 14:50:58] wurstgelee : source?
[2016-11-02 14:50:58] Rado : wurstgelee: prove?
[2016-11-02 14:51:15] sally : oh no I made that up *eyeroll
[2016-11-02 14:51:15] Rado : I agree with sally
[2016-11-02 14:51:16] sally : http://whattomine.com/
[2016-11-02 14:51:27] sally : %500 is actually spot on
[2016-11-02 14:51:31] wurstgelee : Rado: i am mining atm (nicehash, so some diff to cheaper operations but not by factor 5) and its not that profitable
[2016-11-02 14:51:50] sally : so if you thought the miners dumping was gonna stop you crazy
[2016-11-02 14:52:08] Rado : wurstgelee: you are using a shared server to mine?
[2016-11-02 14:52:14] Rado : I am talking about real miners :-)
[2016-11-02 14:52:18] Rado : no offence
[2016-11-02 14:52:27] TwinnerD : inb4 ZEC16 at 0.5
[2016-11-02 14:52:34] TwinnerD : email just got out
[2016-11-02 14:52:39] wurstgelee : no that would be stupid. i am hashing with ~ 5% nethash atm.
[2016-11-02 14:52:42] TwinnerD : fair price marking in 2 days
[2016-11-02 14:52:47] wurstgelee : fyi ;)
[2016-11-02 14:53:06] Rado : you have your own rigs?
[2016-11-02 14:53:10] TwinnerD : PANIC BUY
[2016-11-02 14:53:12] rapidtrades : TwinnerD: are u srs
[2016-11-02 14:53:16] wurstgelee : lol
[2016-11-02 14:53:20] TwinnerD : rapidtrades: I am
[2016-11-02 14:53:21] wurstgelee : Rado: for 200kSol?
[2016-11-02 14:53:25] wurstgelee : ;)
[2016-11-02 14:53:27] chromaticcr1 : read your email
[2016-11-02 14:53:28] wurstgelee : lol no
[2016-11-02 14:53:29] rapidtrades : can smone confirm
[2016-11-02 14:53:34] wurstgelee : buying hashes @ nicehash
[2016-11-02 14:53:37] sally : it doesnt mean shit
[2016-11-02 14:53:39] TwinnerD : rapidtrades: go long dude
[2016-11-02 14:53:42] wurstgelee : not the cloud mining, the market
[2016-11-02 14:53:46] thomaskikansha : fair pricing since 4/11 12UTC
[2016-11-02 14:53:49] blacktuesday : zecz16 goin up yet???
[2016-11-02 14:54:01] rapidtrades : can smone confirm the email, not logged in atm
[2016-11-02 14:54:02] chromaticcr1 : Effective Friday 4th November 12:00 UTC
[2016-11-02 14:54:02] sleger : which isnt going to change anything, but feel free to buy guys
[2016-11-02 14:54:03] TwinnerD : blacktuesday: +10% already
[2016-11-02 14:54:10] sleger : rapidtrades: yes
[2016-11-02 14:54:12] rapidtrades : yesss
[2016-11-02 14:54:15] rapidtrades : go go go go
[2016-11-02 14:54:24] Rado : sleger: I am happy to have another opportunity to short
[2016-11-02 14:54:27] wurstgelee : finally, some marking ;)
[2016-11-02 14:54:32] blacktuesday : buying here lol
[2016-11-02 14:54:33] Rado : let them buy
[2016-11-02 14:54:37] sleger : also the cap is raised to 100btc
[2016-11-02 14:54:44] rapidtrades : not bad
[2016-11-02 14:54:51] sally : push it up so I can slam the dreamers
[2016-11-02 14:54:51] wurstgelee : sleger: thats effective right now tho
[2016-11-02 14:54:55] rapidtrades : don't see why a cap is needed at all but w/e
[2016-11-02 14:54:56] wurstgelee : u know, others maybe dont