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<< >> English 中文 Русский 한국어 日本語 Español Français [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 [2016-11-02 15:23:26] BitMEX_Wally : https://www.bitmex.com/app/terms [2016-11-02 15:23:55] aili : so it will match the polo price? [2016-11-02 15:23:58] aili : BitMEX_Wally: ? [2016-11-02 15:24:16] NL007 : aili: maybe [2016-11-02 15:24:25] arbitrage001 : can you make it match my price? [2016-11-02 15:24:32] public username 321 : the mail: "Switching over from Last Price marking to Fair Price marking will not result in a sudden movement in the Mark Price." [2016-11-02 15:24:33] arbitrage001 : 1000btc per zec [2016-11-02 15:24:52] BitMEX_Wally : aili: The fair basis rate will be adjusted to keep the fair price in-line with the order book here [2016-11-02 15:25:00] shapeshifter : BitMEX_Wally: can you expand on this and what exaclty means? [2016-11-02 15:25:03] shapeshifter : BitMEX_Wally: "Switching over from Last Price marking to Fair Price marking will not result in a sudden movement in the Mark Price." [2016-11-02 15:25:16] Rado : everyone calm down [2016-11-02 15:25:20] shapeshifter : BitMEX_Wally: wat does this mean: The fair basis rate will be adjusted to keep the fair price in-line with the order book here [2016-11-02 15:25:26] Rado : the price will not move much [2016-11-02 15:25:27] BitMEX_Wally : This is the same marking method used for the other futures, for example XBTZ16 [2016-11-02 15:25:31] sally : BitMEX_Wally: fair price is what the market decides here [2016-11-02 15:25:33] Rado : the move you just saw, that is it [2016-11-02 15:25:36] RoftheN : Funny how poloniex is crashing while Bitmex went up [2016-11-02 15:25:39] public username 321 : well it obviously resulted in sudden price move [2016-11-02 15:25:39] shiroe : wow fct going x20. yeaaa [2016-11-02 15:25:41] shapeshifter : BitMEX_Wally: can you expand? [2016-11-02 15:25:48] arbitrage001 : sally: fair price is what i decide [2016-11-02 15:25:56] habibi : i would like to introduce u "Rado The Expert" [2016-11-02 15:25:58] BitMEX_Wally : https://www.bitmex.com/app/fairPriceMarking [2016-11-02 15:26:07] chromaticcr1 : fair price is what you guys decide [2016-11-02 15:26:10] sally : arbitrage001: back in your corner. [2016-11-02 15:26:18] arbitrage001 : 1000 btc per zec [2016-11-02 15:26:31] BitMEX_Wally : For example, the current fair basis rate is -334% which has been set automatically by the Impact Mid Price method. [2016-11-02 15:26:32] fridd : yew [2016-11-02 15:26:38] BitMEX_Wally : This gives a fair price of 0.57 [2016-11-02 15:26:48] sally : bitmex just shafted every person on the previous contract to favour longs [2016-11-02 15:26:58] sally : well done guys. well done [2016-11-02 15:27:10] chromaticcr1 : and before you guys pumped it, it was -450% @ ~0.37 [2016-11-02 15:27:22] NL007 : this is really not funny [2016-11-02 15:27:25] sleger : sally: it will settle on polo price anyways, always was going to be [2016-11-02 15:27:30] sally : Influencing markets [2016-11-02 15:27:34] habibi : sally: could u stop crying? it become pretty rainy chat since u started [2016-11-02 15:27:37] sleger : it doesnt matter [2016-11-02 15:27:54] zecz : the market price will be based on the last trade on polo, not the last trade here. So it will be hard not to get auto liq when you short and there is a big spread I guess