**CEX.IO Bitcoin Exchange ** Buy Bitcoins with Cards in iOS / Android App***

[JayBee66]

All you need to know about CEX.IO

The price of GHS is constantly down-trending, which means that a buy and hold strategy will result in a loss of investment.

The holder of GHS is therefore expected to day trade their holding by second guessing market moves, which is unlikely. Anyone professing to have profited from day trading on CEX.IO is either a liar, extremely lucky (mean reversion will soon sort them out) or a CEX.IO shill.

CEX.IO latest gambling wheeze is a “futures contract”. Well, it isn’t a futures contract because you cannot take a short position. It is in fact a forward contract where you have to guess the price of GHS one or two month’s ahead and are then locked into taking delivery at whichever price you buy at.

For CEX.IO to call it a futures contract suggests that they do not know anything about financial contracts and are scam artists.

Not that the kids using CEX.IO will care. They will all gamble away their Bitcoins either on CEX.IO or some other gambling platform.

Read through this entire thread. Anyone extolling the virtues of CEX.IO is always short-lived. Today's extollers will be next month's no-shows.

[IYFTech]

All you need to know about CEX.IO

The price of GHS is constantly down-trending, which means that a buy and hold strategy will result in a loss of investment.

The holder of GHS is therefore expected to day trade their holding by second guessing market moves, which is unlikely. Anyone professing to have profited from day trading on CEX.IO is either a liar, extremely lucky (mean reversion will soon sort them out) or a CEX.IO shill.

CEX.IO latest gambling wheeze is a “futures contract”. Well, it isn’t a futures contract because you cannot take a short position. It is in fact a forward contract where you have to guess the price of GHS one or two month’s ahead and are then locked into taking delivery at whichever price you buy at.

For CEX.IO to call it a futures contract suggests that they do not know anything about financial contracts and are scam artists.

Not that the kids using CEX.IO will care. They will all gamble away their Bitcoins either on CEX.IO or some other gambling platform.

Read through this entire thread. Anyone extolling the virtues of CEX.IO is always short-lived. Today's extollers will be next month's no-shows.

+100

Noobs - read carefully & learn.

[dyask]

All you need to know about CEX.IO

The price of GHS is constantly down-trending, which means that a buy and hold strategy will result in a loss of investment.

The holder of GHS is therefore expected to day trade their holding by second guessing market moves, which is unlikely. Anyone professing to have profited from day trading on CEX.IO is either a liar, extremely lucky (mean reversion will soon sort them out) or a CEX.IO shill.

CEX.IO latest gambling wheeze is a “futures contract”. Well, it isn’t a futures contract because you cannot take a short position. It is in fact a forward contract where you have to guess the price of GHS one or two month’s ahead and are then locked into taking delivery at whichever price you buy at.

For CEX.IO to call it a futures contract suggests that they do not know anything about financial contracts and are scam artists.

Not that the kids using CEX.IO will care. They will all gamble away their Bitcoins either on CEX.IO or some other gambling platform.

Read through this entire thread. Anyone extolling the virtues of CEX.IO is always short-lived. Today's extollers will be next month's no-shows.

Actually I think you miss the real problem with GHS, that is that it isn't well managed.   For example, if CEX really wanted a healthy market they could issue GHS dividends on the GHS held so the increased size of the pool wouldn't have such a negative impact.   Sure the price would still decline per GHS, but you would have more GHS to offset it.  That is only one approach.  They could maintain pricing by calling is something like a Mining Unit and adjusting the amount GHS it represented by the difficulty.   etc. etc.   They could do many different things if only they cared for their customers.

I didn't get the message that CEX didn't care until they suddenly flipped on the 2FA on everyone and I was locked out of my account for hours because their software couldn't handle the load of everyone trying to log back in.   Many were locked out and that was after a bad week at GHash.io.   By the time I could get on, it was too late and I had lost .5 BTC.   That crash was 100% CEX's fault and they didn't care.   That is why I pulled my BTC out of there.   In less than 10 weeks I've made back my .5 BTC and several more BTC to go with it.     

[JayBee66]

Actually I think you miss the real problem with GHS, that is that it isn't well managed.   For example, if CEX really wanted a healthy market they could issue GHS dividends on the GHS held so the increased size of the pool wouldn't have such a negative impact.   Sure the price would still decline per GHS, but you would have more GHS to offset it.  That is only one approach.  They could maintain pricing by calling is something like a Mining Unit and adjusting the amount GHS it represented by the difficulty.   etc. etc.   They could do many different things if only they cared for their customers.

I didn't get the message that CEX didn't care until they suddenly flipped on the 2FA on everyone and I was locked out of my account for hours because their software couldn't handle the load of everyone trying to log back in.   Many were locked out and that was after a bad week at GHash.io.   By the time I could get on, it was too late and I had lost .5 BTC.   That crash was 100% CEX's fault and they didn't care.   That is why I pulled my BTC out of there.   In less than 10 weeks I've made back my .5 BTC and several more BTC to go with it.     

A scam is a scam. There is nothing to fix. The Metropolitan Police/Serious Fraud Squad should be making arrests but I doubt they have heard of Bitcoin.

[PatMan]

Unfortunately, the MET are too busy taking bribes from Hollywood and arresting 12 year olds & "confiscating" their laptops for sharing the latest boyband song with their friend to be bothered about corporate theft/scams.

Bless the UKofA 

[newguy05]

CEX.IO latest gambling wheeze is a “futures contract”. Well, it isn’t a futures contract because you cannot take a short position. It is in fact a forward contract where you have to guess the price of GHS one or two month’s ahead and are then locked into taking delivery at whichever price you buy at.

For CEX.IO to call it a futures contract suggests that they do not know anything about financial contracts and are scam artists.

Stop splitting hair, what does not able to short the contract have to do with anything? futures/forward contracts are very similar, the main difference is one is exchange traded, and the other is mostly private placement with custom term structure. There is nothing wrong with what cex.io did with fha/fhm and calling them futures contracts with a defined settlement.

If you want to argue about valuation that's fine, but whatever the **** you said about them being scam artist because they called the contracts futures instead of forward makes absolutely no sense.

I have been doing this for a living for the last 10 years, you make no sense.

[JayBee66]

CEX.IO latest gambling wheeze is a “futures contract”. Well, it isn’t a futures contract because you cannot take a short position. It is in fact a forward contract where you have to guess the price of GHS one or two month’s ahead and are then locked into taking delivery at whichever price you buy at.

For CEX.IO to call it a futures contract suggests that they do not know anything about financial contracts and are scam artists.

Stop splitting hair, what does not able to short the contract have to do with anything? futures/forward contracts are very similar, the main difference is one is exchange traded, and the other is mostly private placement with custom term structure. There is nothing wrong with what cex.io did with fha/fhm and calling them futures contracts with a defined settlement.

If you want to argue about valuation that's fine, but whatever the **** you said about them being scam artist because they called the contracts futures instead of forward makes absolutely no sense.

I have been doing this for a living for the last 10 years, you make no sense.

Don't make me laugh. I have 20 years in The City to your 10.

Calling an instrument a futures contract and not permitting short-selling goes against advertising standards.

I expect to be able to short a futures contract because I know the price is going to go down.

Why would I want to buy GHS a month or two ahead of time knowing that the spot price is trending downwards all the time?

I would jump on the contract if it lets me short it. And I expect to if it is a futures contract.

This is mis-representation and mis-selling of the highest order in an unregulated market.

[Light]

I expect to be able to short a futures contract because I know the price is going to go down.

Why would I want to buy GHS a month or two ahead of time knowing that the spot price is trending downwards all the time?

On a side note, if they allowed shorting I'm pretty sure it would be done to such an extent that there is no longer a price drop lol. Everyone would be so furiously borrowing the GHs to sell and thus creating artificial demand that the price wouldn't shift downwards as greatly. Anyways, I agree that having futures contract without short-selling is rather deceptive of them - basically their expecting everyone to speculate and probably take a loss to line their pockets.

[newguy05]

Don't make me laugh. I have 20 years in The City to your 10.

Calling an instrument a futures contract and not permitting short-selling goes against advertising standards.

I expect to be able to short a futures contract because I know the price is going to go down.

"The City" ?  sorry to break it to you, but 20 years as a shoe shiner in "The City" doesnt mean much.  Anyone who worked on the street will realize how your rant makes as much sense as a uwe boll movie.

if one is forced to pick between futures vs forward, those contracts are futures as they are exchange traded and with a defined settlement structure.  Inability to short has nothing to do with the contract itself genius, even if you have a regular es mini futures contract if your brokerage refuse to provide you margin you still cant short it, and if cme itself disables short selling you also cant. They did just that to the equity exchanges in the 08 crisis.

Why would I want to buy GHS a month or two ahead of time knowing that the spot price is trending downwards all the time?

because the spot is 0.01 and the settlement for those contracts are 0.008 and 0.004. 0.008 and 0.004 < 0.01 genius.  It's a speculative play on future difficulty/hashrate, just like any other derivatives such as options.

Stop with this nonsense, it's like nails on chalkboard. Go argue about valuation instead, at least then noone will be able to point out how clueless you are, as your guess is as good as mine (well probably not..)

[suchmoon]

Anyone who worked on the street

Completely agree, hookers and drug dealers have a much better understanding of business and finance than all these phony bankers and brokers.

[jesse11]

Problem with withdrawing BTC "No Confirmation email has been sent" Fix it. Thanks

Edit: Fixed 

[CEX]

April 10th, 2014, GHash.IO has launched a brand new scrypt mining feature called the Multipool Pro. With its help our users will be able to mine the most profitable coins and use additional useful settings, such as the conversion and the switch settings.

GHash.IO, the #1 Bitcoin Mining Pool, has recently expanded its scrypt mining options allowing users to connect their hardware and mine LTC, DOGE, FTC and AUR. Now we have decided to develop features which will maximize the profit of scrypt mining, therefore we are happy to announce the launch of Multipool Pro.

What does ‘Pro’ stand for?

We interpret ‘Pro’ as ‘progressive’, ‘professional’ and ‘profitable’.

Progressive. We did our best to create an innovational scrypt multipool with exclusive features. GHash.IO follows trends and constantly adds new crypto-currencies (LTC, DOGE, FTR and AUR are being mined now). Moreover, the Multipool Pro operates as an integral part of GHash.IO, the #1 Mining Pool, which has shared credentials with the CEX.IO trading platform. Thus, users possess multiple opportunities of gaining additional profit from trading on the price difference. All these pros, in combination with real-time mining stats, make the pool progressive.

Professional. GHash.IO Multipool Pro is more than just a multipool. One of its main advantages lies in smart customization, such as the conversion and the switch settings. Users can not only mine cryptocurrencies, but also choose to convert them into BTC or LTC, as well as configure the miner to drop the current job when switching coins. Such simple, though significant features make our Multipool professional, and at the same time, understandable for both advanced users and beginners.

Profitable. The foundation of a multipool lies in mining the most profitable coin at any given moment, and this principle stays in the heart of the GHash.IO Multipool Pro. Here users are provided with real-time indicators, such as difficulty, block reward, exchange rate and profitability, which are calculated through a special algorithm. They are all shown in the summary table together with the “Last Hour Mining” pie chart. The Multipool Pro will be operating according to the proportional reward system: when a block is found, the reward is distributed among all workers proportionally to how many shares each of them obtained.

Caring about audiences

These three key points are valuable to the main GHash.IO target audiences: progressive — for experts and people keen on novelties; professional — for experienced miners; and profitable — for smart investors. We are confident that everyone will find a profitable niche in our pool and we will be able to satisfy various mining needs.

Finally, allowing users to choose from a wide range of mining options and maintaining our key advantages, such as stable hash-rate and professional support, will strengthen the position of GHash.IO as the #1 Mining Pool.

https://ghash.io/MULTI

[vm_mpn]

Looks like we are out of Beta 

Indeed very nimble and innovative pool design - love the clever build, flexibility, real-time stats.

Progressive? Definitely!  Professional? I guess.  Profitable? Possibly in time... Not quite there yet.

[OhMyCoin]

I'm in!
Nice work guys!

[lucates]

All you need to know about CEX.IO

The price of GHS is constantly down-trending, which means that a buy and hold strategy will result in a loss of investment.

The holder of GHS is therefore expected to day trade their holding by second guessing market moves, which is unlikely. Anyone professing to have profited from day trading on CEX.IO is either a liar, extremely lucky (mean reversion will soon sort them out) or a CEX.IO shill.

CEX.IO latest gambling wheeze is a “futures contract”. Well, it isn’t a futures contract because you cannot take a short position. It is in fact a forward contract where you have to guess the price of GHS one or two month’s ahead and are then locked into taking delivery at whichever price you buy at.

For CEX.IO to call it a futures contract suggests that they do not know anything about financial contracts and are scam artists.

Not that the kids using CEX.IO will care. They will all gamble away their Bitcoins either on CEX.IO or some other gambling platform.

Read through this entire thread. Anyone extolling the virtues of CEX.IO is always short-lived. Today's extollers will be next month's no-shows.

I buyed 250 GHS and realise he mines only with 16%,  84% goes for costs to cex where is logic!!!!!

U loose money 100% take calc in hand!

[JayBee66]

Buyer beware.

There are a lot of CEX.IO shills in this thread. Employed by CEX.IO to beat down any nay-sayers.

Note - Your investment can go down as well as down.

[PatMan]

And the latest scam arrives..........

All paid for by noobs at cex.

[semik]

And the latest scam arrives..........

All paid for by noobs at cex.

How one can get on paybill?

[dyask]

Buyer beware.

There are a lot of CEX.IO shills in this thread. Employed by CEX.IO to beat down any nay-sayers.

Note - Your investment can go down as well as down.

There also a lot of bashers here!  However that being said, I'm don't see how to make a profit at CEX.io right now.   Trading fees kills it for me.

[boumalo]

All you need to know about CEX.IO

The price of GHS is constantly down-trending, which means that a buy and hold strategy will result in a loss of investment.

The holder of GHS is therefore expected to day trade their holding by second guessing market moves, which is unlikely. Anyone professing to have profited from day trading on CEX.IO is either a liar, extremely lucky (mean reversion will soon sort them out) or a CEX.IO shill.

CEX.IO latest gambling wheeze is a “futures contract”. Well, it isn’t a futures contract because you cannot take a short position. It is in fact a forward contract where you have to guess the price of GHS one or two month’s ahead and are then locked into taking delivery at whichever price you buy at.

For CEX.IO to call it a futures contract suggests that they do not know anything about financial contracts and are scam artists.

Not that the kids using CEX.IO will care. They will all gamble away their Bitcoins either on CEX.IO or some other gambling platform.

Read through this entire thread. Anyone extolling the virtues of CEX.IO is always short-lived. Today's extollers will be next month's no-shows.

I buyed 250 GHS and realise he mines only with 16%,  84% goes for costs to cex where is logic!!!!!

U loose money 100% take calc in hand!

The price has been holding up for 3weeks

The fees will go down in B terms if B price goes up but the 84% figure seems like a lot, can you confirm?