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<< >> English 中文 Русский 한국어 日本語 Español Français [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 [2016-11-02 14:54:57] wurstgelee : =) [2016-11-02 14:55:01] rapidtrades : i'll take 100 for now [2016-11-02 14:55:22] Rado : rapidtrades: ZEC is not going over 3 ever again [2016-11-02 14:55:32] rapidtrades : Rado: tnx [2016-11-02 14:55:37] Rado : no problem [2016-11-02 14:55:47] rapidtrades : I'll file that under useless opinions i read online [2016-11-02 14:56:04] rapidtrades : ok...filled [2016-11-02 14:56:13] sally : lol do you actually think its ever even going to 2 btc again? [2016-11-02 14:56:17] wurstgelee : show me the 5th light and i might do the final push myself.... [2016-11-02 14:56:18] REKT : Liquidated short on `ZECZ16`: Buy 2 @ 0.454168 [2016-11-02 14:56:19] wurstgelee : ;) [2016-11-02 14:56:32] thomaskikansha : ??? [2016-11-02 14:56:33] chromaticcr1 : choo choo [2016-11-02 14:56:43] rapidtrades : cap is gona in 2 days shorties...get out before u get ra*ped [2016-11-02 14:56:43] TwinnerD : ohh people gonna get rekt so hard now on shorts [2016-11-02 14:56:48] Rado : wurstgelee: current profitability of ZEC mining is 439% [2016-11-02 14:56:57] thomaskikansha : panic buy? [2016-11-02 14:57:07] chromaticcr1 : thomaskikansha: read your email [2016-11-02 14:57:08] REKT : Liquidated short on `ZECZ16`: Buy 4 @ 0.519289 [2016-11-02 14:57:08] REKT : Liquidated short on `ZECZ16`: Buy 1 @ 0.585518 [2016-11-02 14:57:08] REKT : Liquidated short on `ZECZ16`: Buy 11 @ 0.539707 [2016-11-02 14:57:21] blacktuesday : lol [2016-11-02 14:57:29] rapidtrades : pls share the main bullet points of email, again not logged in [2016-11-02 14:57:58] TwinnerD : Effective Friday 4th November 12:00 UTC, the December Zcash Futures Contract, ZECZ16, will move from Last Price marking to Fair Price marking. The Index Price will reference the spot ZEC/BTC Poloniex price. [2016-11-02 14:58:01] TwinnerD : first paragraph [2016-11-02 14:58:16] Rado : nice [2016-11-02 14:58:19] laisee : rapidtrades: ZEC ==> MOOON!!! [2016-11-02 14:58:27] wurstgelee : excellent ;) [2016-11-02 14:58:29] laisee : thats the summary [2016-11-02 14:58:45] rapidtrades : tnx so that and the cap to 100, got it [2016-11-02 14:58:47] blacktuesday : my zec long no longer under water . thanks bmex haha [2016-11-02 14:58:48] TwinnerD : 433 shorts. people will be so salty once they wake up [2016-11-02 14:58:52] zecz : why should it increase because of that? [2016-11-02 14:58:57] toolbox : so what does that mean for ZECZ16? [2016-11-02 14:59:01] TwinnerD : rapidtrades: Max Price Raised to 100 XBT on All Altcoin Products The previously imposed maximum price of 10 XBT will be raised to a 100 XBT maximum price across all Altcoin products. [2016-11-02 14:59:02] zecz : because of the 10 btc cap? [2016-11-02 14:59:04] toolbox : what will the fair price be? [2016-11-02 14:59:14] rapidtrades : zecz: don't asl qs just get out and thnak me later [2016-11-02 14:59:20] chromaticcr1 : https://www.bitmex.com/app/contract/ZECZ16 [2016-11-02 14:59:35] wurstgelee : toolbox: tied to polo as index, check fair price marking docs [2016-11-02 14:59:42] Rado : Switching over from Last Price marking to Fair Price marking will not result in a sudden movement in the Mark Price. [2016-11-02 14:59:53] rapidtrades : it already is [2016-11-02 14:59:53] toolbox : I read the docs, didn't understand the maths and the lingo [2016-11-02 14:59:56] toolbox : ELI5? [2016-11-02 14:59:57] wurstgelee : Rado: it just did [2016-11-02 15:00:00] wurstgelee : ;) [2016-11-02 15:00:09] Rado : that's from teh email [2016-11-02 15:00:14] wurstgelee : oh lol [2016-11-02 15:00:17] rapidtrades : shorties still in disbelief [2016-11-02 15:00:29] TwinnerD : Rado: it will have a noticable effect [2016-11-02 15:00:40] zecz : still doesnt understand [2016-11-02 15:00:45] zecz : why this matters [2016-11-02 15:01:00] wurstgelee : zecz: we already had that discussion. we disagreed. ;) [2016-11-02 15:01:04] Rado : they are saying when the change to fair price happen mark price will increase gradually [2016-11-02 15:01:14] rapidtrades : then u shouldn't trade, just get out and find smth u understand @zecz [2016-11-02 15:01:39] rapidtrades : Rado: right but it's not switched yet is it...we have 48h of ground to make up to polo [2016-11-02 15:01:40] wurstgelee : Rado: spread gets smaller towards dec 30th until it settles on polo spot price [2016-11-02 15:01:44] wurstgelee : ;) [2016-11-02 15:01:58] wurstgelee : thats how it works basically [2016-11-02 15:01:59] rapidtrades : also we're still on last until friday [2016-11-02 15:02:10] zecz : why should we make up to polo when this is a future contract? [2016-11-02 15:02:18] laisee : what time for change on 4th? [2016-11-02 15:02:30] toolbox : rapidtrades: or you could help me understand [2016-11-02 15:02:35] thomaskikansha : 12UTC [2016-11-02 15:02:45] wurstgelee : nice [2016-11-02 15:02:54] wurstgelee : 44h from now [2016-11-02 15:02:55] rapidtrades : zecz: because this future doesn't deliver ZEC, it's cash settled, so it should be tied to outside source [2016-11-02 15:03:09] rapidtrades : otherwise we're not rly trading ZEC [2016-11-02 15:03:17] wurstgelee : and the source (reference exchange) will be polo [2016-11-02 15:03:24] wurstgelee : because polo volume > * [2016-11-02 15:03:32] laisee : we're trading the idea of ZEC ... [2016-11-02 15:03:38] TwinnerD : we might actually get pretty close to polo price before the marking [2016-11-02 15:03:39] laisee : ofc [2016-11-02 15:03:40] TwinnerD : >1 BTC [2016-11-02 15:03:40] sally : So bitmex just fucked all the shorts? [2016-11-02 15:03:46] wurstgelee : laisee: trading the idea of zec price on dec 30th [2016-11-02 15:03:47] wurstgelee : ;) [2016-11-02 15:03:58] TwinnerD : sally: yes but it was coming [2016-11-02 15:04:01] wurstgelee : sally: no, it was always clear that this will happen [2016-11-02 15:04:06] blacktuesday : if we know this happens now... should the zecz16 price reach polo price well b4 the the Nov 4 switch? [2016-11-02 15:04:09] orly : uh oh, capmex is officially over on friday?! [2016-11-02 15:04:12] laisee : wurstgelee: have to think about that ... ;-) [2016-11-02 15:04:26] rapidtrades : shorts that are logged in now remember that it's still early...remember what will happen when everyone reads that email [2016-11-02 15:04:37] rapidtrades : this 0.2 move will seem like peanuts [2016-11-02 15:04:55] toolbox : well luckily I'm already long because I wanted to sell without risking getting rekt [2016-11-02 15:04:56] laisee : and even more action when people read with a dictionario ... [2016-11-02 15:04:56] blacktuesday : sally: shorters did it to themselves [2016-11-02 15:05:10] wurstgelee : laisee: :D :D :D [2016-11-02 15:05:25] TwinnerD : ADL 5 bars.... [2016-11-02 15:05:28] TwinnerD : oh oh [2016-11-02 15:05:35] wurstgelee : TwinnerD: you want adl [2016-11-02 15:05:37] AudibleScience : is there really a lady in here! cool. [2016-11-02 15:05:38] wurstgelee : everyone wants adl @ zec [2016-11-02 15:05:39] wurstgelee : ;) [2016-11-02 15:05:45] sally : these dickheads just changed the contract [2016-11-02 15:05:49] wurstgelee : sally: no [2016-11-02 15:05:51] laisee : is it possible BMX are doing all this stuff to generate some buzz on the exchange? [2016-11-02 15:05:52] TwinnerD : not before it reaches 1 BTC though [2016-11-02 15:06:16] arbitrage001 : wurstgelee: did you get adl ? [2016-11-02 15:06:19] toolbox : @TwinnerD I'm long 1 on 1x margin, 5 bars lit [2016-11-02 15:06:21] arbitrage001 : at 4 bar [2016-11-02 15:06:23] sally : your all retards if you cant accept they just changed the contract [2016-11-02 15:06:24] arbitrage001 : or someone else [2016-11-02 15:06:29] wurstgelee : arbitrage001: not yet [2016-11-02 15:06:36] toolbox : it's ridiculous [2016-11-02 15:06:46] wurstgelee : toolbox: .3 entry? [2016-11-02 15:06:47] arbitrage001 : would be nice to be adl, woulnt it? [2016-11-02 15:06:52] wurstgelee : arbitrage001: sure [2016-11-02 15:06:52] arbitrage001 : since you can rebuy lower [2016-11-02 15:06:53] TwinnerD : toolbox: yeah soon all shorts will busto [2016-11-02 15:07:01] wurstgelee : arbitrage001: adl is the target ;) [2016-11-02 15:07:01] toolbox : wurstgelee: .37 [2016-11-02 15:07:04] laisee : sally - read much? they promised to mark ZEC some time. now they will. [2016-11-02 15:07:18] wurstgelee : toolbox: your countertrade is prob x2 short and almost dead [2016-11-02 15:07:22] wurstgelee : ;) [2016-11-02 15:07:28] AudibleScience : sally: it was always going to convert, from the ouset [2016-11-02 15:07:34] shapeshifter : whats the impact of marking at fair price? [2016-11-02 15:07:45] toolbox : let's see how long until I get ADL'd then :/ [2016-11-02 15:08:06] sally : they can refund my position after deciding to influence the market [2016-11-02 15:08:08] arbitrage001 : toolbox: if exp is any guide, you only need small push [2016-11-02 15:08:09] TwinnerD : wurstgelee: will ADL close all my long contracts or only partial? [2016-11-02 15:08:12] orly : sally: they did indeed, but they kinda fcked it up at first, and now they're fixing it so i'm not sure this is bad thing [2016-11-02 15:08:25] bruh : fomo ZEC more lol [2016-11-02 15:08:33] bruh : u guys ar efunny [2016-11-02 15:08:38] wurstgelee : TwinnerD: both possible [2016-11-02 15:08:50] shapeshifter : wurstgelee: whats the impact of marking at fair price? [2016-11-02 15:09:15] shapeshifter : wurstgelee: will it impact PnL and liquidation? [2016-11-02 15:09:25] rapidtrades : yes it will affect both [2016-11-02 15:09:28] wurstgelee : spread gets smaller towards dec 30th until it settles on polo spot price [2016-11-02 15:09:35] wurstgelee : prob less volatility [2016-11-02 15:09:36] wurstgelee : and yes [2016-11-02 15:10:09] laisee : shapeshifter: BMX will follow Polo since market is much smaller than. [2016-11-02 15:10:31] shapeshifter : laisee: i get that, but will my PnL be marked at Polo price? [2016-11-02 15:10:39] shapeshifter : Bevause then its an arbitrage [2016-11-02 15:10:45] sally : mod might wanna duck in right now [2016-11-02 15:10:56] BitMEX_Wally : sally: Hello [2016-11-02 15:10:58] laisee : polo + fair price adjustment - according to bmx [2016-11-02 15:11:03] shapeshifter : BitMEX_Wally: hi [2016-11-02 15:11:14] sally : BitMEX_Wally: are you guys on crack ? [2016-11-02 15:11:17] wurstgelee : sally: no. it was always said the refrence exchange will be announced once minimum requirements are met [2016-11-02 15:11:20] shapeshifter : BitMEX_Wally: whats the impact of marking at fair price? will it impact PnL and liquidation? [2016-11-02 15:11:21] rapidtrades : wtf sally [2016-11-02 15:11:24] wurstgelee : thats no surprise and no contract change [2016-11-02 15:11:43] BitMEX_Wally : shapeshifter: No I am not on drugs, thanks for asking [2016-11-02 15:11:45] wurstgelee : read the announcements... [2016-11-02 15:11:52] wurstgelee : BitMEX_Wally: would you like to be? [2016-11-02 15:11:55] sally : you just changed a contacts spec @BitMEX_Wally [2016-11-02 15:11:58] shapeshifter : BitMEX_Wally: it wasnt me saying that [2016-11-02 15:12:02] BitMEX_Wally : shapeshifter: The fair price is used for calculating unrealised PNL and triggering liquidations [2016-11-02 15:12:10] wurstgelee : BitMEX_Wally: it was sally. [2016-11-02 15:12:14] orly : btw i'm expecting kraken to introduce ZEC margin about friday as well, maybe that has to do with this decision? [2016-11-02 15:12:15] sally : BitMEX_Wally: you can refund my position before your price influence [2016-11-02 15:12:15] wurstgelee : not shapeshifter [2016-11-02 15:12:24] BitMEX_Wally : shapeshifter: Sorry I mean @sally [2016-11-02 15:12:25] wurstgelee : sally: cant u read? [2016-11-02 15:12:26] rapidtrades : orly: oh wow...maybe [2016-11-02 15:12:34] shapeshifter : BitMEX_Wally: so its currenly an arbitrage respect to Polo? [2016-11-02 15:12:35] rapidtrades : orly: how do u know that btw [2016-11-02 15:12:46] sally : BitMEX_Wally: Im dead serious mate [2016-11-02 15:13:09] orly : rapidtrades: I don't. I looked at emails from previous coin release from kraken and it took them 1 week after coin release to enable margin trading [2016-11-02 15:13:16] BitMEX_Wally : sally: Raise a support ticket [2016-11-02 15:13:22] rapidtrades : orly: wow thanks [2016-11-02 15:13:28] sally : you just made this an arb between polo [2016-11-02 15:13:44] rapidtrades : duh, it was always gonna be an arb to polo [2016-11-02 15:13:49] wurstgelee : not made [2016-11-02 15:14:06] wurstgelee : enabled the announced feature maybe [2016-11-02 15:14:07] sally : BitMEX_Wally: im not raising a ticket. If I go that far I file a complaint with the SEC [2016-11-02 15:14:07] wurstgelee : ;) [2016-11-02 15:14:16] wurstgelee : sally: lol [2016-11-02 15:14:16] laisee : futures and cash markets are usually cinnected. its nothing new or amazing [2016-11-02 15:14:30] Rado : sally: lol [2016-11-02 15:14:32] BitMEX_Wally : sally: This is a futures exchange, the SEC does not regulate derivatives [2016-11-02 15:14:40] NL007 : this will go straight to 1btc [2016-11-02 15:14:56] thomaskikansha : wow [2016-11-02 15:15:03] Rado : SEC doesn't have JurisDICKTION on the islands [2016-11-02 15:15:08] sally : BitMEX_Wally: It doesnt matter to me [2016-11-02 15:15:08] habibi : sally: are u from us? [2016-11-02 15:15:27] rapidtrades : shorts we've been warning u for days....try to listen next time [2016-11-02 15:15:32] sally : What if im from the US? Does that mean anything to you? [2016-11-02 15:15:39] wurstgelee : sally: r u a idiot? this is no change of contract. [2016-11-02 15:15:40] chromaticcr1 : where are all the liquidations [2016-11-02 15:15:45] RoftheN : Wow I suck at this [2016-11-02 15:15:46] Rado : sally: yes it does [2016-11-02 15:15:57] Rado : if you admit you are from the US you will be banned [2016-11-02 15:15:58] thomaskikansha : probably some liquidations in seventies [2016-11-02 15:15:59] TwinnerD : chromaticcr1: calculating [2016-11-02 15:16:01] Rado : and your account closed [2016-11-02 15:16:01] BitMEX_Wally : sally: If you mention US regulators again I will disable your account until you prove you are not a US resident [2016-11-02 15:16:11] sally : If you retards dont understand contracts I wont waste my time [2016-11-02 15:16:28] sally : BitMEX_Wally: Lets invite crypto media [2016-11-02 15:16:30] TwinnerD : sally: inb4 ban [2016-11-02 15:16:44] Rado : crypto media? [2016-11-02 15:16:47] Rado : you mean my blog [2016-11-02 15:16:52] laisee : contract is there and has not changed. perhaps you need to read better next time? [2016-11-02 15:16:53] sally : BitMEX_Wally: Go for it. There was nothing mentioning anything about US resident when I signed up [2016-11-02 15:17:07] habibi : sally: see u [2016-11-02 15:17:19] sally : Do that and you oys make the news tomorrow [2016-11-02 15:17:23] TwinnerD : sally: bye bye old friend [2016-11-02 15:17:27] wurstgelee : sally: cu [2016-11-02 15:17:32] BitMEX_Wally : sally: When you signed up you were asked your country of residence, you did not enter US [2016-11-02 15:17:43] wurstgelee : BitMEX_Wally: he cant read :( [2016-11-02 15:17:44] laisee : bye sally.:-0 [2016-11-02 15:17:51] habibi : sally: could u mention me? i am the one that cause that liquidations at 0.58 [2016-11-02 15:17:53] thomaskikansha : polo new local low [2016-11-02 15:18:39] Rado : Polo will be 0.70 in no time [2016-11-02 15:18:39] Rado : :-) [2016-11-02 15:18:40] public username 321 : why polo down and here up? [2016-11-02 15:18:50] sally : Im on the moon [2016-11-02 15:18:51] rapidtrades : read ur email [2016-11-02 15:18:59] BitMEX_Wally : sally: You can read all the ZECZ16 announcements here too: https://blog.bitmex.com/site_announcement/ [2016-11-02 15:19:10] rapidtrades : tnx [2016-11-02 15:19:15] laisee : contracts go both ways, right? [2016-11-02 15:19:29] sally : BitMEX_Wally: Bitmex are going to refund that position. There is no way around it [2016-11-02 15:19:34] public username 321 : so you guys change rules mid game? [2016-11-02 15:19:39] wurstgelee : sally: u r funny [2016-11-02 15:20:10] wurstgelee : public username 321: no. the enable the marking always stated in the rules as per announcement. [2016-11-02 15:20:13] sally : BitMEX_Wally: Im dead serious mate. Your going to refund that. [2016-11-02 15:20:14] wurstgelee : *they [2016-11-02 15:20:15] thomaskikansha : dooming 1.22 [2016-11-02 15:20:24] TwinnerD : sally: wanna bet on that? [2016-11-02 15:20:26] public username 321 : i don't think that's best practice to change rules during an active market [2016-11-02 15:20:28] BitMEX_Wally : sally: Submit a support ticket [2016-11-02 15:20:32] RoftheN : Now I'm curious on what's being refunded [2016-11-02 15:20:33] habibi : sally: u are us resident and still crying here? BitMEX_Wally has some internal problems with ban feature i guess [2016-11-02 15:20:37] wurstgelee : public username 321: its no change. it was always in the rules [2016-11-02 15:20:54] BitMEX_Wally : habibi: If he is a US resident it won't be a chat ban but an account ban :) [2016-11-02 15:20:57] wurstgelee : habibi: lol [2016-11-02 15:21:02] sally : Changing contract spec. Very simple [2016-11-02 15:21:13] public username 321 : wurstgelee: obviously it had an effect on the market so don't try to tell me nothing was changed because im'm not that stupid [2016-11-02 15:21:24] sally : Im from nigeria so relax [2016-11-02 15:21:31] laisee : pls write what changed on contract ... [2016-11-02 15:21:37] BitMEX_Wally : sally: Read our terms and conditions, we reserve the right to declare Market Disruption Event and change contracts etc [2016-11-02 15:21:42] wurstgelee : public username 321: ofc it had an effect. but since this was always part of the contract, i positioned myself accordingly [2016-11-02 15:21:59] rapidtrades : public username 321: yeah and putting the cap and marking to last had effect too....i've been suffering since 3 [2016-11-02 15:22:02] public username 321 : laisee: i'm about to figure out but since i din't loose anthing i'm more inclined to just leave [2016-11-02 15:22:04] sally : BitMEX_Wally: wtf? [2016-11-02 15:22:18] sally : you can change contracts [2016-11-02 15:22:27] REKT : Liquidated long on `XBTUSD`: Sell 5000 @ 724.03 [2016-11-02 15:22:36] zecz : so the auto liq. price will go up heavy if there is a big spread between ZECZ16 and polo ? not like now when the a.liq. price is based on last trade in ZECZ16? [2016-11-02 15:22:43] aili : so how exatcly will the price be calc? i still dont get it? the price will match the polo price? [2016-11-02 15:22:43] rapidtrades : dude the cap was never in the terms and the marking was supposed to happen @sally [2016-11-02 15:22:53] aili : whil its still a future contract? [2016-11-02 15:23:23] sally : its no longer a futures contact [2016-11-02 15:23:25] rapidtrades : well this is ur mess bitmex, start chatting with ur customers, im out