Topic: I cant understand cex.io investors (Read 8379 times)

Did you have 2FA enabled on your account?

Was the merged mining been taken into account?

9.17 bitcoins were hacked from my account at cex.io. I am seeking an experienced investigator to help me retrieve the lost coins.

Did you have 2-FA enabled on your account? It's a valid question...

And other than my grandmother and an old lady at my old work, I didn't know yahoo mail was still a "thing". I thought them having malware and the service not working well this past December would be enough to sway some users...

Either way, sorry for your loss. Good luck retrieving it with the Cex crew!

How is Cex.IO supposed to protect you against a poor password on your yahoo email account?

I thought cex.io was a brilliant site until...

On 5-Jan-2014 11:AM someone (IP 5.63.144.220) hacked my yahoo email and then hacked my cex.io account. The hacker sold the GHS I had and withdrew the funds. I had deposited 10 btc into my cex account. My cex account is now frozen by cex and they are investigating – whatever that means.

I make money on it, but it DOES NOT work if you buy and sleep and forget. Not unless the difficulty resets to the downside drastically.

If you can't fathom trading in a bear market, then try it with $1 and see what you can do by following what I do.

Buy in on a dip (dips are assured) then wait a couple hours to a couple days, reinvesting what you make into GH, then set a sell point at the exact buy-point that you initially chose. Then that gets taken up and you choose a lower buy-back.

rinse and repeat.

you are effectively shorting the market. Do it a few times and you will be a believer.

Trading is all about psychology. I have found in my experience that CEX trollbox is filled with lurkers selling honeyed predictions about what is the wisest thing to do and how much they care about you CEX users and how "you seem like a decent guy so I'll tell you to sell or buy NOW!" What we have is classic psychological manipulation of sheeple. They bought their shares at a hight, sold low already, and want you to sell yours so they can recoup their losses through your ignorance.

Why people allow themselves to be manipulated by others on the same trading platform, especially by someone who spends all day in the chatbox doling out advice, is beyond me. The guy is making a living from making you lose.

I think it is.
They don't even have any profit from merged mining on ghash.

I only have about 31 GH/s now on cex, in addition to my other ASIC hardware. With other pools, you also have to pay the management fee, so ghash.io is sort of subsidising their pool with the proceeds of the cloud operation, isn't it?

Just for the fun of it I set up 4 block erupters on Dec 14, all are operating at the same speed, one on each of the following pools. One of those pools is CEX/GHash. Here is where they are at today:

As of 2013231045 (Eastern US)

BTC Guild: 0.00154781
Eligius: 0.00140232
EclipseMC: 0.00141193
Ghash.IO: 0.0015161 (0.02307720 GHS * 0.0657)

The difference between the pools is small, likely due to luck variance only. I purposefully haven't played the market with cex.io and am attempting to make this as vanilla as possible. Reinvesting proceeds with the buy now function only.

it makes no sense to invest in them :/

You can check out my topic about CEX.IO investors: https://bitcointalksearch.org/topic/mining-with-cexio-or-why-do-i-not-believe-skeptics-378439
It's about my own experience  

Sure. I don't deny it. The new money coming into the site makes it easy to accomplish good trades (in my favor). Just like any other investment, it always pays to know as much as you can about what you're getting into and I inform my referred friends as much as I can. No one's come back to complain... Yet.

I've indeed almost doubled my GHS in the past 3 weeks, while also withdrawing worthy amounts of BTC more than once.

I can understand the hate that some have for it (totally justified given it's inflated GHS prices), but I'm glad it exists. I'd recommend it to others, though obviously I wouldn't suggest anyone to put all of their eggs in the same basket.

No.  Exchange are for trading.  KNC preorders are for mining.

CEX.IO is for trading while mining.

cex.io is for trading and not buying hash to mine. You won't profit is you buy just for mining purposes

Well if you can double your hashing power via trading then you come out even based on current prices.  If you can do more than you made money.  Unfortunately most of us don't have that hot a hand.

Personally, I love cex.io but it's a lot less about the mining than it is about the trading. Just like others pointed out, most of my BTC revenue from cex.io is generated from trading.

With the difficulty changes, there's plenty of BTC to be made with trading.

Can you imagine how boring it would be if we all thought alike. How impossible it would be to buy and sell anything if we all had exactly the same interests and desires. Profit isn't the only or the most important motivator for most people. In fact, very few people would be posting on message boards if profit was the most important motivator. Cex.IO is fun for some people, not for others. Collecting and mining with hardware is fun for some people, not for others. Making profit by buying and selling BTC is fun for some people, not for others. All of this creates a market. Most people lose money going to a casino, but that doesn't mean they are unpopular, or that some people will go with the motivation to have fun and maybe make a lot of money. Those same people will return over and over with the same motivation set. Standing outside the casino and warning people against going in because of the odds is irrelevant, and rather silly, especially when most people going in are intimately familiar with the odds. Not every play in a casino is a winner, nor is every play on Cex.IO, buy/sell of BTC, hardware preorder, stock investment, you name it. You can play armchair investment quarterback by claiming that purchasing BTC a year ago was the best investment, but if everyone had done that rather than creating the ASIC craze, then the price would not have changed as dramatically as it did.