Topic: [Not] Good price at CEX.io - page 13. (Read 49095 times)

I don't think you understand how it works. The price will continue to drop as the difficulty rises. The mining revenue is expected to make up for the drop in price, but the problem is that the shares cost more (0.0425 BTC) than they will ever mine (less than 0.0300 BTC). As a result, the revenue will never exceed or even equal the drop in price, and it will be a loss for everyone except a few lucky (or smart) people and the people that run cex.io.

It's pretty cheap now... It's like people overestimated the decline due to difficulty increase and panic sold all their holdings. I've never seen it this low before and the difficulty didn't rise THAT much. 

CEX.io is not worth to try i think

I thought this was an interesting thread when it was people commenting on the CEX market price and it was originally entitled, "Good price at CEX.io".

The title was then changed a week or two back to "[Not] Good price at CEX.io" then a few haters and people who had been burned elsewhere arrived to vent, share their tales of loss, pour negativity on CEX and all who use it. Yes, life is risky, yes, you may have been burned. Most folks are well aware that the bitcoin community is filled with scammers and thieves, most of them quite likely to be the older, supposedly more trustworthy members of this community of the age and ilk of those venting and hating here.

Even in my short life as a registered member of this forum I've managed to narrowly avoid loss with Bitfunder, Inputs.io, and mcxNOW and it could be that everywhere I place my bitcoins carries some degree of risk. There's no such thing as risk-free lunch after all. However, what all the venters and haters have said amounts only to criticism and critique, there's been no positive solutions offered, just the usual caveat emptor and why don't you do what I do because I know best while they pour scorn on CEX and anyone who has a good word to say about it.

Well, it may be that to some people CEX is the worst thing since sliced bread and maybe CEX will run off like thieves in the night with our bitcoins, but in the meantime I'm happy to use the service, I like CEX, I appreciate it has pitfalls, manipulatory practices and is inherently risky but that's fine with me right now. Maybe I'll get additional information that will change my mind tomorrow, maybe I won't, but my comments on this thread are at an end, I will leave those of you who are burned, bitter, venting and hating to share your negativity with whomever will listen.

Want to know about cex.io prices?
Here is my own topic about cex and my experience of using it: https://bitcointalksearch.org/topic/mining-with-cexio-or-why-do-i-not-believe-skeptics-378439

I doubt CEX.IO was hacked.  Mostly likely the user had the same pw and email from this forum and after the man in the middle attack didn't switch passwords.

If you're going to store coins online somewhere, turn on 2FA, and use difficult passwords that you don't use anywhere else.

anyone think the price will drop this diff change? It's not showed any signs of doing so in the past. Guess people are still earning off trading. I've a tiny bit working away but if history's anything to go by leaving it running seems to make most sense...?