Topic: cex.io vs https://picostocks.com/stocks/view/19 - page 2. (Read 4283 times)

i think also if this days price 200$ +

Giga/Hashs Must be Price More! BTC

Normal procedure automatics i know this very nice to grow bitcoins i very interesting same situations about prices btc news this
 

It's closer to .1 BTC now =/ Getting expensive...I guess more ppl are finding out about cloud mining.

This is great. Price is now really at .09 BTC

How do you take the emotions out of days where BTC loses 1/2 of it's value??  I day tried a bit..but I'm one of those suckers that sells when it's low and buys when its high..hahaha...

I need to control my emotions better.  I'm doing exactly what you said....slowly converting a portion of my dollar income into BTC =)

It's because bitcoiners (for the most part) are inexperienced n00bs/idiots who don't know how do do a basic cost/benefit analysis. They want to convert everything back into USD, even though their "profits" will only ever be in Bitcoin.

They don't understand that if it doesn't break even in BTC, it's a bad investment strategy, but they're only capable in thinking in terms of $. So when BTC is cheaper, they think "I can afford to invest more BTC". Not realizing that they're better off just buying btc and sitting on it if they're expecting BTC to go back up.

I've tried explaning this concept to a lot of people, but the truth is, most of them are idiots.

If people were intelligent, the price of hashing power would decrease with difficulty increase. It wouldn't fluctuate with the USD exchange rate like it does when the morons are involved. Then again, the real money is with playing in a market of morons. They're uber predictable, so day trading is far more profitable than mining, if you play your cards right. 

Thanks bud,

That's a great explanation - I wonder if I should reinvest by cloud mining or should I keep the BTC??  What would you recommend and when should I consider one over the other.

I hoping for another sell off after the difficulty change, but with the BTC price dropping its helping increase the GH/s price slowly.

If we have a 50% difficulty increase, people are going to panic sell when they see the rewards drop.

So set your buy prices and wait for another ~100 blocks.

This.

well we all know network hash rate goes up and difficulty goes up.   So a 50% difficulty rate lowers the price on your hashing gear more then a 40% difficulty rate.

So when you buy lets say 10Gh 1 hour after the difficulty change the price should be high  and when you buy  closer to the next difficulty change price should drop.


But it is not that simple.  People clock the diff rate and think it will be 30% or 40 % or 50  % .

  So if I have 1000 gh at .10 and I am 4 day away from the next rate  and I think the rate will be 50%  in my mind the 1000 will drop to .05  btc  

If I have 1000 gh at .10     and I am 4 days away from the next rate and I think the rate will be 30% in my mind the 1000 will drop to .07 btc

So a few days ago the guess must have been rate change would be  huge maybe 55% and lots of people dumped shares price was under .08

  Now that we are 6 hours away people see the rate will be more like 42%  so price moved up.  I believe the share price of this company will be very uncertain at the half way point of a rate adjustment.  Lets say days 5,6,7  out of  the 12 day period between adjustments.

Also usd price has some meaning.  10 gh at .1 btc = 1 btc .  1 btc = 200 usd

  if btc changes  from 200 usd to 180 usd  I think the gh price gets  bumped up just a bit.

Yeah - I just saw this morning - prices went from .85 GHS to .9 GHS - still every good.  Can someone tell me why it went up?  I guess I'll just hold onto the bitcoin payouts for now...waiting for it go down before I reinvest.

seems ok

Leverage and scalability imho

cex.io is selling 1GH/s for 0.243BTC
picostocks.com is selling 0.2GH/s (soon to become 0.4GH/s) for 0.127BTC

cex.io looks cheaper right now. any specific reasons?