Topic: [Not] Good price at CEX.io - page 4. (Read 49080 times)

Thom also wins an argument today. What a week!

Which I didn't, I traded them. Like I've mentioned repeatedly.


ah but I didn't, I traded them. Like I've mentioned repeatedly.


Indeed. and since (28*0.0288999)-(10*0.03970247)=0.4121725, that constitutes a satisfying amount of what some of us like to call profit.

Huh?  Can't you understand the graph, he is showing exactly what he held when.   Just because you don't understand how the system works doesn't mean that everyone doesn't understand.

And during that time -- if you actually held the GHs shares for the duration, and if you didn't you're being dishonest again -- the price of one GHs went from 0.03970247 BTC to 0.0288999.

Wheee!

Congrats Thom
It's always nice to see someone else doing well.

Actually mining has been profitable the last couple days! 

That is all he has to give! 

Oh wow, now I've pasted many days of cex graphs together for my blog (they only graph a few days at a time), omitting a boring flat few days, it's hilariously gratuitous.



I think my point here is made. So feel free to join cex.io and see if you can outdo me. If you fancy. Use my link, or don't. No pressure.

I win this too:

Thom wins internet today.

Semicolon;

It's a mining exchange. Therefore if one intends to participate, one should really be mining and exchanging. It's not a mining buyandhold, nor would anyone bother recommending such a thing, even for bribery, for it would be transparently untenable and, well, about as ridiculous as other so-called cloud mining facilities seen flogging their dubious wares on here. At least cex is an exchange so if you don't like it you can sell and bail that very second.

Likewise, one can buy some hashpower and use it for mining and even sell it at a profit at cexio with good timing. It's pretty damn hard to do that with physical mining hardware. That's the basis upon which I recommend it, particularly in this climate of folk getting ripped off regularly on late delivery / underpowered / hard to config / vapourware mining rigs.

If still in doubt, have a hypothetical race as if you were a noob with a small initial investment who wanted to get their mine on.

Imagine ordering yourself, say 0.2BTC worth of brand new USB miners, then mining 0.001BTC, then selling them for as much as you can. Factor in electricity usage, CPU uptime, a hub or two, a little downtime, and a day of initial setup time for the hypothetical noob to work out how to mine, etc.

I guarantee that in the same timespan, one could mine at least double that amount @ cex and still potentially turn a profit on the sale alone. Considerably more of a profit if even the simplest of bots were allowed in play. Time factored in for figuring out all this is free, because it can be done before investing.

So out of those two hypothetical noobs: Who got burned more? Who wasted more time? I've done both now and though I like my miners, I know which avenue is paydirt and which one is a large collection of barely profitable objects I'll likely be wearing as necklaces or giving away to kids before 2014 is out.

What's more (and I can't believe this isn't talked about more) trading backtests also confirm that running a bot with a 50/50 rapid portfolio balancing script at cexio will result in little to no gain or loss, even if used through massive chart shifts and over long periods of time. Even backtests from day zero of cex confirm this. It would be kinda pointless in other exchanges, but at cex you can combine that with the mining rewards (which can't be simulated in backtesting) and you gots profit right there with very minimal risk of original investment dwindling. Only botfail, server integrity and the largest of whales can threaten that strategy, although it is only for the very patient.

So yah like many things, one's success @ cex is proportionally equal to the study and imagination that you put into leveraging it.
If all you wanna do is dis it and not try some of the more interesting ways to use it, your degree of success will be precisely zero.


Valid.

I'll just leave this here.

The problem here is that newbies who are drawn to mining think that cex.io is a good place to learn how to mine. In fact, it is not. It does nothing but turn X Bitcoins into X/2 Bitcoins. There are newbies right here in this thread who have stated that cex.io is their only opportunity to mine, because of the cost of equipment and the difficulty in getting in on a valid pre-order that will actually ship in time to ROI. Cex.io presents itself -- along with a bunch of dishonest fuckwits in this thread -- as being the solution to the mining hardware problem. It is nothing of the sort, and I won't be satisfied until dishonest people like xandriel stop insisting that cex.io is "profitable" without owning up to the specific nature of that profit -- day trading. Nothing wrong with day trading, per se, but it takes skill and constant maintenance, and necessarily involves someone else losing money because of the downward trend at cex.io.

It's a bait-and-switch, plain and simple. And if these fuckwits keep playing the bait-and-switch game, I will keep pointing out that they are dishonest.

Period.

Take a look in the mirror, then. If you're day trading in something that fluctuates but has a larger downward slope, then your profit is at the expense of someone else. If you're day trading something that is completely unpredictable or -- better -- on the rise, then everybody wins.

Simples.


Speaking of dishonest, there you go again. That's not what I said and you and everyone else here knows it. Repeating it as if I said it makes you a schmuck.


Thank you!


Admit that you make your profits via day trading and that mining is unprofitable. Do that -- without qualifications -- and I'll shut up.


You first, buck-o.

I really dont know what your problems is guys. There are two facts which dont really conflict.

1) Mining at CEX is not profitable
2) You can make good bucks with a good trading strategy on CEX

There is really no need to flood this thread with personal dislikes...

Pretty impressive!

Dishonest? Predator? Don't make me laugh. Never have I been, nor will I be. These are traits which I despise in people.
I would be more concerned about your intentions, never used cex yet know for a fact that you cannot make a profit? How? Sounds more like you are misleading people.
You are the asshole, claiming you know about the profitability of cex, when myself and others who actually use the service actually do make a profit. This is not a lie, just truth. It is possible, and fairly easy, but obviously too difficult for a superior being such as yourself.
You excel yourself further by claiming that this behaviour as dishonest and predatory, whilst you hold your btc and hope someone (who you refer to as a stupid noob or sucker) comes along and offers more money than it is currently worth.

Trading in BTC or GH/s is basically the same, all profit is at someone else's expense. If you don't like it, you probably shouldn't bother with BTC either.

Get off your fucking high horse, and grow the fuck up.

I've been called worse.


I own a forum, elsewhere, unrelated to Bitcoin. If there's one thing that owning and running a forum has taught me, it's that stupid people are blissfully unaware of their own stupidity. The second thing it has taught me is that post count is a pretty meaningless metric. So no, I'm not interested in post count. This forum software doesn't even directly show post count -- all the better.

I do, however, enjoy annoying the fuck out of idiots. I especially enjoy arguing dishonest people into the ground. So go ahead -- keep replying. I will continue to use your own words to demonstrate what a dishonest fuckwit you are.


That was almost an honest answer, in stark contrast to your previous attempts. But then I have to ask -- why have it in your sig? Why not just a straight link to cex.io, without the referral part? Surely if you like cex.io so much and just want to selflessly promote them, then the link in your signature shouldn't need the referral bit, right?

Right?


Then you have pretty shitty quoting habits. The quote above your reply was FalconFly's.


That's a stupid question. But I'll give you a stupid answer: For the same reason I drive on freeways that have billboards. Just because I don't like the constant and intrusive advertising doesn't mean that the freeway is entirely without value.


In your infinite wisdom, you have failed to notice that the profitable portion of cex.io is the day trading aspect, and that you necessarily need people stupider than you to buy your shares at inflated prices. No wait, strike that. You probably do realize this fundamental relationship between buying and selling, and are simply looking for more suckers to buy GHs shares from you at prices above what you paid for them.

I'm here to make sure they know that assholes like you are dishonest predators looking to take money from the noobs.

You really are a pointless moron.
Now you think I am in a hole, digging my way out....again wrong. You clearly have nothing better to do in life than increasing your post count.
I am not misleading at all. I have received NOTHING from the referral link...nor have I received anything from anybody else...Can you not understand this simple fact?? I have received nothing at all from anybody.
The question about spamming was actually directed at YOU, Yes YOU the one who claimed it was spamming. Why do you troll these forums if you hate seeing every post containing a sig??? Well, at least I can enjoy some happiness knowing you dislike it so much.

I was simply correcting a misguided view about not being able to profit on cex, in the hope others would also benefit in the way I have. In reality I am glad stupid people like yourself will never use such services, I don't need the extra competition for the available profit.

*frontstep*

Tried it, liked it, decided it's worth linking to, linked sig, posted results, enjoying a bit of referral kickback. Mostly posting because more users + more bitcoins + more adoption + more happy. But also because many friends IRL ask "how u do that?" so here it is.

If you want an opinion of cex and the person in question likes it you'll most likely see a referral link too. That's kind of the proof we like it.

But again feel free to ignore it. I don't need referrals. Because cex is working out for me.

That's a very, very poor attempt at sidestepping my plain-spoken point. The issue is not whether your referral link contributes to the numbers you are using to demonstrate "profitability" in your secondary account. The issue is that YOU have a conflict of interest because of your referral link, and so YOU can't actually speak objectively about cex.io.