Topic: **CEX.IO Bitcoin Exchange ** Buy Bitcoins with Cards in iOS / Android App*** - page 110. (Read 422328 times)

I'm not entirely sure what method you backtested the theory with, but Librium works precisely because it doesn't care about ups or down, it just equalises the balances every chance it gets. A backtest that makes a loss (or indeed a gain when mining rewards aren't considered) isn't the bot I'm describing, because I invented this bot specifically to reduce/nullify losses.

So far it's working nicely, and modest as the gains are, it's much more than when one is mining and holding all GHS, and less terrifying than letting a more ambitious tradebot handle my cex (and potentially make a loss) while I sleep. In fact during the last hour of cex's charts sloping downwards, it's made a profit. As expected! Approximately the same profit per hour as during the rise last night. As expected!

Here's the account that just holds GHS:

and here's the account with hardware miners:

It'll get its own thread soon one I've tested it further. Weird to hope for a downswing in the cexgraphs, but that's what I need to stress-test it.

Is it possible price of GHs rise due to BTC fall

Up again.

Someone else has now a cloudflare error 521 (web server down) from cex.io web site ? Or just only me ?


Edit : Just restarted !

That is an interesting theory and one that is pretty easy to build a bot for.  By itself it won't work, but when the market is flat to up or just slightly down it would work.   You have to avoid the big drops though.   Still in interesting approach.   A small amount of back-testing shows it fails if you stay in the market while the price is in a fast plunge.   You probably haven't tried it during such a period.   The only thing to do then is to go 100% back into BTC.   That makes the plunge worse, but it keep you from losing money.   

It is unclear how much you can make from the back and forth trades, probably more than mining in a good market. 

Implemented a web based assistant to reinvest earnings.

[CEXchanger]

The site is taking so much of my free time so is available for sale, make your offer to info (at) wy.si, perhaps you have more free time than me to make it evolve further.

Does anyone know where I can get that script that runs in the taskbar that buys Gh/s or your based on the settings you choose ?

While I've recently maintained that the smart move @ cex is more in the trading than mining, I came to a few theoretical conclusions:

as we see • the value of GHS goes up and down, but mostly down, so mining rewards are outweighed by the slow drop in GHS value
therefore: • a balance constantly split 50/50 between BTC and GHS will stay (approximately) stable regardless of GHS value shifts
therefore: • a bot doing just that in a cex account will retain the initial BTC investment, and any mining on top of that is pure profit

In theory, it's the "safe" way to mine. So here's a peek at the bot I built to test that theory, and wow was I right!
It's not ready for release, being only 2 days old, and I'd like to test it through much more dramatic GHS value fluctuations than we've had for the last few days before considering it reliable enough to be ready for release.

I called it Librium. After the film Equilibrium. It seemed appropriate. Except it won't shoot you in the face to maintain balance.



I'll let Librium do the talking in the screengrab. The pane on the left is an account that's mostly about hardware miners, and the right pane is an account that only holds GHS: no hardware, no referrals.

The thing that scares me about using tradebots is how they can make a loss a human could have avoided. It's hard to know what config to give your bot while you sleep. Librium will hopefully put an end to that - finally, because of cex's unique trading/mining nature, a tradebot can exist that's all about giving one's balance a sense of balance, making sure it doesn't slip away in value while you're not looking, and folding all those mining rewards back into the very balanced balance. It would be utterly, utterly pointless at any other exchange. @ cex, it's awesome!

I might be persuadable to let a small handful of Librium betas out into the wild soon for tech savvy users if those who want it make a new cex account with my referral link in which to use it. That way I can still benefit from long hours of botcraft and not charge anything for it.
Donations would also make me enthusiastic to finish it, and under such circumstances, donators will of course get it first.

This is not very encouraging - Making 0.5% per day while losing 50% in less than a month sounds like a losing strategy.

Actually I do use chrome for the site, and it works better than IE.  Still there are lots of problems on some computers.   

clear your cache and use chrome i've not once had an issue however today there was a maintenance that may of caused some issues.

Happens all the time with CEX.io ... too much poorly written scripts.

I sometimes have trouble loading certain sections of the site too... Makes trading very frustrating at times.

UPDATE: ok on other computer its all ok. strange!

is it just for me or the site is all screwed?? i cant see order book, my pending orders.. anything

Thank you for your apology as well and for being understanding of the situation. I have also deleted my parts of the argument/accusations. Much respect to you sir!

No foul, I'm pretty hot tempered myself and I was clearly pushing your buttons, even though I wasn't trying too.   It is very easy to spin out of control in these chats.   I'll delete my posts as a sign of good will.   Thank you sincerely for the apology and I apologize too.  

I apologized to the staff of CEX, but I'd like to apologize to you as well, I was pissed off last night and my behavior during my discussion with you was unacceptable and uncalled for. I am very sorry for that.

Thanks for sharing what happened and that is very scary. 

Well, I'm an asshole...

Someone did in fact gain unauthorized access to my AOL email account and that is how they gained access to my CEX account.

This was entirely my own fault and I would like to apologize to CEX for blaming them.

Still though, Support going a week and a half without contact for a compromised account which has been marked as "High" priority is still bad practice.

But as far as my accusations that CEX may have cleaned out my account, I was wrong and I am very sorry.

So to the person who gained access to my AOL email account from their mobile phone (Wind Telecomunicazioni S.P.A.) in Italy using IP 151.47.168.64 and who owns the Litecoin address LRrCYJxuZUf6k2nurkEezeppd6rhLpSrht you can go f*** yourself and you have been reported. Shouldn't be too hard to track you seeing as how you used a mobile phone, dumbass...