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wasserman99

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Quote from: Muhammed Zakir on September 03, 2014, 08:54:33 AM

Quote from: Timetwister on September 02, 2014, 11:35:53 AM

Cex.io was always a bad investment. Only affiliates won from it.

Now it is profitable. I made some through mining and trading. Just give it a try. Buy at much lower price and sell it at higher price. Will take a few hours to execute the order. Need to be patient.

~~MZ~~

The problem with this plan is that the price of GHs will always decline over the long term as they have a finite amount of time before they will stop (when maintenance costs exceed mining revenue). You may get lucky and have the price of Ghs lower then it would normally be and be able to sell it later at a higher price due to changes in supply and demand however the same can be done with every other kind of asset.

waterpile

hero member

Activity: 602

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Quote from: w4ssop on September 03, 2014, 10:38:22 AM

It has been profitable for some months but it's not easy to predict when there will be the next (small) uptrend.

but what if BTC decided to go for a POS stage

sickhouse

hero member

Activity: 490

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I had 1 BTC in GH/s for 2 months or so when BTC was up at ~$700 and I went +-0 - I wouldn't recommend this for anyone.

Timetwister

legendary

Activity: 1199

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Just selling shares more expensive doesn't mean that it's a good investment, you are just giving the bad investment to another person.

w4ssop

newbie

Activity: 42

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It has been profitable for some months but it's not easy to predict when there will be the next (small) uptrend.

Muhammed Zakir

hero member

Activity: 560

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I prefer Zakir over Muhammed when mentioning me!

Quote from: murraypaul on September 03, 2014, 08:57:17 AM

Quote from: Muhammed Zakir on September 03, 2014, 08:54:33 AM

Quote from: Timetwister on September 02, 2014, 11:35:53 AM

Cex.io was always a bad investment. Only affiliates won from it.

Now it is profitable. I made some through mining and trading. Just give it a try. Buy at much lower price and sell it at higher price. Will take a few hours to execute the order. Need to be patient.

Wow, if only everyone else had thought of that!
It is a bad investment, because over time each unit will lose value.
There is no rational expectation that you will be able to make money trading units.

You can make some through cex.io at this time(current price) . I understand what you meant and I think you understood what I meant too.

Like you said, after sometime, when the price increases, it will be non-profitable.

~~MZ~~

murraypaul

sr. member

Activity: 476

Merit: 250

Quote from: Muhammed Zakir on September 03, 2014, 08:54:33 AM

Quote from: Timetwister on September 02, 2014, 11:35:53 AM

Cex.io was always a bad investment. Only affiliates won from it.

Now it is profitable. I made some through mining and trading. Just give it a try. Buy at much lower price and sell it at higher price. Will take a few hours to execute the order. Need to be patient.

Wow, if only everyone else had thought of that!
It is a bad investment, because over time each unit will lose value.
There is no rational expectation that you will be able to make money trading units.

Muhammed Zakir

hero member

Activity: 560

Merit: 506

I prefer Zakir over Muhammed when mentioning me!

Quote from: Timetwister on September 02, 2014, 11:35:53 AM

Cex.io was always a bad investment. Only affiliates won from it.

Now it is profitable. I made some through mining and trading. Just give it a try. Buy at much lower price and sell it at higher price. Will take a few hours to execute the order. Need to be patient.

~~MZ~~

Timetwister

legendary

Activity: 1199

Merit: 1047

Cex.io was always a bad investment. Only affiliates won from it.

DhaniBoy

sr. member

Activity: 280

Merit: 250

Very difficult to invest in cloudmining now, because because the prices are very volatile investments, we can not predict when we will return the result of capital investment, so I think investing in cloudmining at this time is very less favorable, hopefully next time there are system that can estimate how much profit we will get from the investment ... Cool

thegold

member

Activity: 114

Merit: 100

hheeelllooo...
is this threaadd stiilll liveee??

it's hard to investment in cloudd mining for mining....
that's my think...
the price is fluctuation... and based at demand and supplyyy Sad

rthe price of cex.io now is 0.0037....

blumangroup

sr. member

Activity: 350

Merit: 250

'Slow and steady wins the race'

Quote from: odolvlobo on July 27, 2014, 12:25:06 PM

Quote from: Muhammed Zakir on July 27, 2014, 06:49:28 AM

... But now the price is neither decreasing nor increasing. It makes the investment in Cex.io non-profitable. If they increase the price of GHs, then the persons who already invested will get profit and if they decrease the price, new persons can buy and sell it when the price increases.

The price is decreasing. One month ago, it was around 7.4 mBTC and now it is at 4.7 mBTC. That's a 36% decrease. The price drops relentlessly as the difficulty increases. Hoping for the price to increase is risky and foolish. It is like trying to float upstream in a river. Some people get lucky because they happen to pick the right time, but most people lose money as the price continues to drop.

You need to take into consideration the amount of bitcoin these GHs have paid out since they were trading at these prices. Even though the prices have decreased, the owner of the GHs would have reaped some amount of benefit from the mining revenue.

thegold

member

Activity: 114

Merit: 100

Quote from: odolvlobo on July 27, 2014, 12:25:06 PM

Quote from: Muhammed Zakir on July 27, 2014, 06:49:28 AM

... But now the price is neither decreasing nor increasing. It makes the investment in Cex.io non-profitable. If they increase the price of GHs, then the persons who already invested will get profit and if they decrease the price, new persons can buy and sell it when the price increases.

The price is decreasing. One month ago, it was around 7.4 mBTC and now it is at 4.7 mBTC. That's a 36% decrease. The price drops relentlessly as the difficulty increases. Hoping for the price to increase is risky and foolish. It is like trying to float upstream in a river. Some people get lucky because they happen to pick the right time, but most people lose money as the price continues to drop.

w0w.. the price decrease so quick...
hmm,... i bought 4.6mBTC/GHs.. Sad

is there any advice where the place for cloud mining?
thank you..

odolvlobo

legendary

Activity: 4354

Merit: 3260

Quote from: RobertDJ on July 27, 2014, 12:28:12 PM

In theory the price of CEX's Ghs should always decrease because the GHs will have paid out some BTC from found blocks.

That's true. In theory, if the difficulty doesn't change, then 1 GH/s is worth approximately ¹/_150,000,000 of the remaining 8,000,000 bitcoins, or 0.053 BTC, and that value drops as the number of bitcoins remaining drops.

But, the reality is that the difficulty will continue to rise relentlessly and the value of 1 GH/s is really much less than that -- more like 0.004 BTC.

RobertDJ

full member

Activity: 155

Merit: 100

Quote from: odolvlobo on July 27, 2014, 12:25:06 PM

Quote from: Muhammed Zakir on July 27, 2014, 06:49:28 AM

... But now the price is neither decreasing nor increasing. It makes the investment in Cex.io non-profitable. If they increase the price of GHs, then the persons who already invested will get profit and if they decrease the price, new persons can buy and sell it when the price increases.

The price is decreasing. One month ago, it was around 7.4 mBTC and now it is at 4.7 mBTC. That's a 36% decrease. The price drops relentlessly as the difficulty increases. Hoping for the price to increase is risky and foolish. It is like trying to float upstream in a river. Some people get lucky because they happen to pick the right time, but most people lose money as the price continues to drop.

In theory the price of CEX's Ghs should always decrease because the GHs will have paid out some BTC from found blocks.

odolvlobo

legendary

Activity: 4354

Merit: 3260

Quote from: Muhammed Zakir on July 27, 2014, 06:49:28 AM

... But now the price is neither decreasing nor increasing. It makes the investment in Cex.io non-profitable. If they increase the price of GHs, then the persons who already invested will get profit and if they decrease the price, new persons can buy and sell it when the price increases.

The price is decreasing. One month ago, it was around 7.4 mBTC and now it is at 4.7 mBTC. That's a 36% decrease. The price drops relentlessly as the difficulty increases. Hoping for the price to increase is risky and foolish. It is like trying to float upstream in a river. Some people get lucky because they happen to pick the right time, but most people lose money as the price continues to drop.

Muhammed Zakir

hero member

Activity: 560

Merit: 506

I prefer Zakir over Muhammed when mentioning me!

Quote from: ejinte on May 17, 2014, 05:43:43 AM

"not a profitable investment"

That depends on WHEN you trade and to WHO for WHAT price.

Some people defensively made a profit there, buying the Ghz cheap and selling them expensive and in the mean time making profit from the BTC they mine. Right now it might not me a good time to buy Ghz there, but if one were holding Ghz it might be a good to sell them to some fool who pays overprice for it.

In the end someone will make a profit and someone will make a lose. Not to strange.

+1.
Earlier people traded GHs in Cex.io and made profits. They buy GHs when the price is low and sell it when it increases. They got profit just for trading + they got some BTC before they sell the GHs as it was mining. But now the price is neither decreasing nor increasing. It makes the investment in Cex.io non-profitable. If they increase the price of GHs, then the persons who already invested will get profit and if they decrease the price, new persons can buy and sell it when the price increases.
Kindly,
MZ

thegold

member

Activity: 114

Merit: 100

Quote from: InwardContour on July 26, 2014, 12:42:04 PM

Quote from: thegold on July 26, 2014, 10:46:53 AM

i think soo... but it's reasonable than mining with hardware when you have not much money..

The safest way to gain some money is investing all you can in bitcoins, not in mining hardware or cloud mining.
Cloud mining is easier but in order to have some profit from it, you have to be very lucky choosing the right coin to instamine.

hmm investing bitcoins? may you have a link for invest it? or trade bitcoins?
thank youu..

sandykho47

sr. member

Activity: 252

Merit: 251

Knowledge its everything

Maybe profitable investment if the price 0.001 GH/s Tongue

and no maintenance fee

i think we better see other cloud mining
PBMining.com / lunamine.com / bitcoincloudservices.com is better than CEX.IO

Quote from: monbux on July 26, 2014, 10:54:43 PM

Quote

I don't think pbmining is a ponzi do you have anything to support your claim, cex.io probably best fits that title the only people making money are its owners.

Really? I guess I was just lucky then. I made a couple hundred bucks profit on cex.io. I just bought GHS when the price was right, and sold it right when there was a price spike. Also made some nice mining profit along the way.

It was kind of unstable though, and I found myself constantly checking the site... Not a good LONG term investment. :-/

Trading GH/s is very risky
I think everyone should be careful

monbux

legendary

Activity: 1736

Merit: 1029

Quote

I don't think pbmining is a ponzi do you have anything to support your claim, cex.io probably best fits that title the only people making money are its owners.

Really? I guess I was just lucky then. I made a couple hundred bucks profit on cex.io. I just bought GHS when the price was right, and sold it right when there was a price spike. Also made some nice mining profit along the way.

It was kind of unstable though, and I found myself constantly checking the site... Not a good LONG term investment. :-/

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