Topic: **CEX.IO Bitcoin Exchange ** Buy Bitcoins with Cards in iOS / Android App*** - page 109. (Read 422328 times)

Ah, whats going on on gash.io hash rate is 1/2 of what it was today 8 ph/s down to 3.52 ph/s

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People overpay not calculting how much they can get from the mining or they overpay thinking they can sell higher or at least not lower enough to lose money because they know some other people will overpay in the future
If the amount of users increase maybe people will overpay more, if Cex.io stops advertising or if the users get more informed and the users augmentation in % is diminishing you can easily lose buying at 0.0236

If you could short the cex.io Ghs the price would probably go down much faster, that is one of the reason allowing shorting is good for a market because it is good for price discovery and less people will overpay

Price is .018/GHS on bit-mining.co. Still not ROIable at present difficulty trend; but much, much cheaper,

Who thinks here that 1GHS can bring more than 0.0236BTC??

This is the price of a GHS on cex.io

I guess you all hope to sell higher or at the same price and have earned some profit in the meantime

no problems logging in so far

anyone else having issues logging in?

cant pass 2FA

Anyone noticed that the worker page on ghash is not refreshing speeds in real-time anymore?
Has anything changed?

Tried different browsers and I get the same behavior...

You can point to any pool you want, as long as it's GHASH.IO.

thieves,thieves,thieves,thieves,thieves,thieves,thieves,thieves,thieves,thieves,thieves,thieves,thieves,thieves,thieves....

ghs purchase and you'll never have the speed you pay, always  pay for speed lesssssssssssssssssssssssssssssssssssssssssssssssssssssss

Suck my cock admin of cex.io 

Why would you want to do that for 5 years? And by the looks of it you cant sell back your gh/s. And don't forget the constant rise in diff. at the end of 5 years you might make .0000001 a week or something if you are lucky. (o and that you started with like (1Ph/s).

Sure its 1/2 the price of cex right now, but you can sell the gh/s back and make back "some" of your btc. PB, you cant its gone.

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PS

Who will keep an btc address for 5 years anyways, says on web site cant never be changed.

+1
i invested in pbmining too
btw... i mine and trade on scryptcc

Yeah by doing only mining u will lose overtime. I invested in pbmining now .

I didnt make any money from Cex.io. I dont recommend anyone to use it especially beginners. YOU WILL LOSE YOUR BITCOIN WITH CEX.IO

I earn the most from urs great referral system. 3% is huge if u have right refs. But diff is to high to make any real profit from just mining. Much more money can be made on trading.

You're annoying yourself over nothing with the closedsource-ness though, all I've said about that is that it's python. All assumptions of it being closedsource if/when it's released are indeed assumptions, and I have what is currently the only instance of it, so what's to advertise?

As stated, a thread of its own to announce it is precisely the plan once it's release-ready, but I'm not inclined to release until it's solid enough to not make major losses when noob users of it ain't looking. Since many a post about cex contains many asks of 'is it profitable', I built this bot to address this exact issue, so to this thread i went to post a screengrab for opinions and to see if anyone's enthusiastic/brave enough to want a prerelease. Didn't aim to dominate the thread.

Now there's more discussion about it than a post or two, I'll spawn a fresh thread.

Will you please open a new thread and advertise your tool there, here it is completely off-topic. It wouldn't be so annoying if your solution was not closed source, but considering there are many sophisticated open source bots out there, nobody will fall for your closed source experiment when there are so many fantastic solutions to choose from.

Yeah it's got easing and leaning, and I left it rolling last night on less-than-favourable settings on purpose, and it still made a (small) profit, which was my point.

Plus I'm not selling it at all, I'm not into that. I am into giving betas to savvy users who can read bitcoinwisdom and edit the config file and give constructive feedback though, and since i'm a whole lot less moneyed than a lot of folks round here who'd like to protect their investments, a referral or a donation for a prerelease version seemed a good middle ground. And I concur: Caveat emptor at all times.
Plus: There's only any point in asking for referrals if they're gonna hold GHS, which they won't unless they're seeing profit. Good bot makes good referrals. Such is my quest.

Secondly yeah last night's run on overzealous settings is slowly proving to me that i need to give it toggles and sensors so it can lean harder on GHS or BTC as the situation demands. Right now it just follows its orders giving nary a hoot for the GHSBTC rate.

In theory, fast upslides *and* downslides are unfavourable to a balanced balance, because in terms of cex and 2 assets only, if your GHS is down, your BTC is up. Technically. After a rise in GHS value, it would hold less GHS and mine less. The aim of this bot is to *enjoy* the constant GHS price drop, which means more GHS therefore more BTC earnings, and as long as you sell out one day before BTC is all mined out of any profitability whatsoever, you're good.

At the moment using DEMA/MACD bot/s for dramatic candles and librium when I can't be near my machine is turning out good, even with librium playing wild while I hone the config values.

What you are showing is the portfolio declining.   (From .02792 to .02779)  Your idea won't work well when the market drops fast.   Now it is down to .02401 from .025 which is about a 4% move.   So you lost about 1% and the price was higher at the time of your post.   Not horrible but you are losing ground.   From 1/11 to 2/9 the price mostly dropped by about 50%.  Your bot would probably be 10% or more under for the period.  Not horrible for the market, but still losing.   You are correct that the mining helps.   Still if the bot is mining during the steep price declines it will lose ground.    Much of the time the approach is fine, but it is horrible for when the price is dropping.   I would suggest you build in an indicator to know when the price is likely to decline and then take action on that.  Using an MACD would probably really help limit the loses.   

Another simple thing is to put in a liquidate and terminate feature, so the bot moves one to BTC and turns off on demand.  It is simply silly to try and ride a fast price decline if it can be helped.   

It is possible your bot is doing more than what was described.   I was commenting on your describe approach of maintaining a 50/50 balance between GHS/BTC, it simply isn't enough.    Also you are pushing for people to use your bot, in fact you are trying to sell it with the payment being an account setup with a referral.   You make it sound like a sure thing.  Buyer beware.     

Oh and as for your once a minute comment ... I wrote a trader bot that worked as fast as 15 times a minute.   Another problem you will face is slippage in a fast moving market.   

And yet:

It isn't!

There's more to it than just my three theories as stated, and although the profit rises *and* falls every loop, it rises overall.

Edit: it loops every minute. Sure it might make pretty bad losses if the interval were longer. It's also hella in progress, and last night i left it in what i'm now calling "massively overzealous mode". Hence fluctuation.

Say you have 50% BTC at a price of .025 (It was just there) and the value is 1 BTC  
BTC - .5   GHS - 20

Now the price is .0244  (actually less than an hour later.)   A drop of 2.4% and your code adjusts to maintain the 50/50 split
20 * 0.0244 = .488    1/2 of different is .006 BTC
so
BTC - .494   GHS -  20.2459  ===>  The value is .988 BTC    

.012 BTC is a huge amount to make up mining and this is a very modest drop.   (Actually the price is now .02411, even lower)

On 1/11 the price of GHS was .049 and now the price is about 50% less.   There simply isn't anyway to not have a loss if you were in GHS the whole time, even if it was only 50% GHS.   The trading profits and mining won't make up 25% loss if you are taking the losses.  

I'm very pro CEX and I love bots, I've written 3 myself.  Your idea has some merit, but you have to step out of plunging markets that happen from time to time for it to be successful.  The current scheme is losing you BTC as I type this.   Maybe not much but it isn't making a gain right now.  If we drop down to the mid-teens, which will happen sometime in the future you may have a loss you can't recover from.   The problem is that the price doesn't always recover, long-term it is steeply down and you have to plan on that.   

That may change in the future but as long as mining is expanding as quickly as it has, GHS has to reduce in price.