CEX at .2635 | Bitcointalksearch.org

Frost000

full member

Activity: 168

Merit: 100

Quote from: DebitMe on February 07, 2014, 03:14:00 PM

Man Cex.io prices confuse me, I have made some money from daytrading there, but for the most part I shy away from buying GH/s. The price changes too often and too quickly for the average Joe who gets on to check his investments once or even a couple of times a day. And it seems to change extremely sporadically, with no real reason to drop or go up.

That's why you should just trade and not hold your GHS. Whatever they do mine while you're holding is a mini bonus, but it's all about the trading...

DebitMe

legendary

Activity: 2786

Merit: 1011

Get Paid Crypto To Walk or Drive

Man Cex.io prices confuse me, I have made some money from daytrading there, but for the most part I shy away from buying GH/s. The price changes too often and too quickly for the average Joe who gets on to check his investments once or even a couple of times a day. And it seems to change extremely sporadically, with no real reason to drop or go up.

odolvlobo

legendary

Activity: 4354

Merit: 3260

Quote from: ProTraders on February 07, 2014, 02:59:42 PM

Cex.io can be very profitable for trading. The idea is you can be "mining" and making Bitcoins while holding the GHs then hopefully sell them down the road for a break-even or profit if lucky.

This doesn't work because the longer you hold the shares, the more money you risk losing. At this price, anyone that holds the shares will lose more than double the bitcoins that the shares will mine.

ProTraders

newbie

Activity: 20

Merit: 0

.

BitWinner

newbie

Activity: 42

Merit: 0

Quote from: drwatson84 on February 07, 2014, 02:39:01 PM

on cex its more profitable trading than bitcoin exchanges unless you are expert in trading on exchanges

Exactly. It's why I make most of my BTC there, actually. I end up not caring about my amount of GH/s because, well, the mining is just a tiny bonus that comes second to the trading.

drwatson84

sr. member

Activity: 379

Merit: 254

Knowledge is power

on cex its more profitable trading than bitcoin exchanges unless you are expert in trading on exchanges

odolvlobo

legendary

Activity: 4354

Merit: 3260

Quote from: BitWinner on February 07, 2014, 09:53:27 AM

Of course the hashrate is overpriced; this is cex.io.
It really isn't about the mining but about the trading, as countless others have mentioned in the past.
Although I would agree that the new money coming in is more about mining.

Unfortunately, you are correct. cex.io is simply a game of Hot Potato where the last person holding the shares is the loser.

The problem is that most newbies don't know this, and think that they can make money from mining and they end up being the ones that are holding the worthless shares.

Look at all the referral links that people post. They need suckers to unload the shares onto so they tell people that cex.io is great for mining.

BitWinner

newbie

Activity: 42

Merit: 0

Of course the hashrate is overpriced; this is cex.io.

It really isn't about the mining but about the trading, as countless others have mentioned in the past.

Although I would agree that the new money coming in is more about mining.

Sonny

hero member

Activity: 868

Merit: 1000

Quote from: odolvlobo on February 07, 2014, 04:19:35 AM

Quote from: BitWinner on February 06, 2014, 10:32:39 AM

Quote from: Sonny on February 06, 2014, 10:03:24 AM

Quote from: BitWinner on February 05, 2014, 07:38:19 PM

I'm thinking it'll go back up again in the 0.035 range... Or at least I hope for my sake!

nah...it won't happen....

That's what I thought around Christmas time. After plummeting, it came back up in the 0.045 range in Jan.
You never know...

Wishful thinking, hoping, and praying are all terrible investment strategies.

Well said.

The current price ~0.028 is highly overpriced.
To get the price back up, you either need
(a) difficulty increase at a much slower pace in the future
(b) more people buying hashrate with no idea about the profitability.

odolvlobo

legendary

Activity: 4354

Merit: 3260

Quote from: BitWinner on February 06, 2014, 10:32:39 AM

Quote from: Sonny on February 06, 2014, 10:03:24 AM

Quote from: BitWinner on February 05, 2014, 07:38:19 PM

I'm thinking it'll go back up again in the 0.035 range... Or at least I hope for my sake!

nah...it won't happen....

That's what I thought around Christmas time. After plummeting, it came back up in the 0.045 range in Jan.
You never know...

Wishful thinking, hoping, and praying are all terrible investment strategies.

BitWinner

newbie

Activity: 42

Merit: 0

Quote from: Sonny on February 06, 2014, 10:03:24 AM

Quote from: BitWinner on February 05, 2014, 07:38:19 PM

I'm thinking it'll go back up again in the 0.035 range... Or at least I hope for my sake!

nah...it won't happen....

That's what I thought around Christmas time. After plummeting, it came back up in the 0.045 range in Jan.

You never know...

Sonny

hero member

Activity: 868

Merit: 1000

Quote from: BitWinner on February 05, 2014, 07:38:19 PM

I'm thinking it'll go back up again in the 0.035 range... Or at least I hope for my sake!

nah...it won't happen....

Lethn

legendary

Activity: 1540

Merit: 1000

Probably a result of more competition coming into the marketplace everyone is starting to dump it en masse, when more scrypt hashing stuff comes out they'll be finished.

mladen00

legendary

Activity: 2124

Merit: 1013

K-ing®

on picostocks 1Ghash is under 0.016

BitWinner

newbie

Activity: 42

Merit: 0

I'm thinking it'll go back up again in the 0.035 range... Or at least I hope for my sake!

First.Bitcoins

legendary

Activity: 1156

Merit: 1000

Seems like the market is finally adjusting...

quarkyplum

full member

Activity: 378

Merit: 100

the price is still tanking, currently: 0.02596100

Sonny

hero member

Activity: 868

Merit: 1000

The hashrate is still highly overpriced.
https://cex.io/calc

quarkyplum

full member

Activity: 378

Merit: 100

what do?

in the past, i've actually profited from CEX by buying, and selling.

Topic: CEX at .2635 (Read 1005 times)