[Not] Good price at CEX.io

[krampus]

Here's another random point: who are you going to believe? The guys who stand to profit by deceiving other people (note the sleazy referral links in various sigs in this thread) or the people who have nothing to gain and are expressly stating that their sigs are free of paid influence?

(Yeah, I know -- using logic on mental midgets is about as effective as lipstick on a pig).

[xandriel]

Here's another random point: who are you going to believe? The guys who stand to profit by deceiving other people (note the sleazy referral links in various sigs in this thread) or the people who have nothing to gain and are expressly stating that their sigs are free of paid influence?

(Yeah, I know -- using logic on mental midgets is about as effective as lipstick on a pig).

I am not deceiving anybody, and would not.
It is you who is deceiving people with your rubbish about how it is mathematically impossible to make a profit. You are very wrong.

I am not good at trading, but I do know how to look after my investment. From mining alone you would make a loss, especially in the current climate, but who would leave their investment alone when the value is plummeting?

I put the referral link in my sig because I like and believe in the company, hopefully someone else would be able to benefit as I have done.
It seems like you are yet another idiot who regurgitates that which other have written without any though about it's source.

[xandriel]

Why is it that some people, who do not use cex.io, constantly state as a fact that nobody can make any profit there despite some people who actually use the service claiming that they do indeed make a profit.

1) Because they can do math.
2) Because they can distinguish between "mining" and "day trading" (neither of which are actually truly happening at cex.io, but that's mostly semantics).
3) Because the overall price trend of GHs is steadily downward.

In more detail:

1) It is not possible to profit via mining alone at cex.io with the current price of GHs there. This isn't up for debate. You can scream about it all you want, but until difficulty slows down, you just look like a fucking moron that can't do math.

2) It is possible to make a profit at cex.io via day trading, though only because there is a steady supply of morons lined up waiting to buy your GHs from you at a price that will never, ever ROI. This is the "greater fool" theory. Some of these people will, in turn, make a profit of their own. Many more of these people will actually lose (because of point 3), and this too is not up for debate. Math is math, and isn't subject to your opinion.

3) As Bitcoin difficulty increases, each GHs returns less BTC back to the holder. I don't know how many times I have to repeat this before the never-ending stream of morons gets it through their greed-addled skulls, but this is also not up for debate. In a free market, this steadily erodes the value -- that is, what some fool is willing to pay for it -- until the value basically ceases to be meaningful. At cex.io, such free-market conditions may or may not exist. This is up for some debate, and I won't pick a side in that discussion. But as an investor, you have to ask yourself which model you prefer -- (a) a free market where the price is steadily going down while you're holding it, or (b) a manipulated market where the share value is essentially arbitrary. Note that there isn't an option C, no matter how badly you want there to be.

That's as clear as I can make it. Individuals may profit, but the math says that such profits are the exception rather than the rule. And no, that's not up for debate either.

1) The price of GH/s is irrelevant. The cost of ownership is purchase price - sale price. If you are even slightly intelligent about it you can keep the TCO low. If you held the shares till the end of time, you would be out of pocket. This is an exchange and not hardware ownership.

2) Again, you don't seem to understand how the world works. You do not need to make ROI on your purchase price. You buy, mine, sell and if you do it right you make a profit.
There may well be morons there that have no real concept of maths, but there are also large scale traders who would leave in an instance if they were always making a loss.

3)You are correct, as difficult increases revenue drops, at least you got something correct. However, this has happened before and the same morons made the same arguments; that nobody could make a profit. They were wrong then, and no doubt will be again. Only time will tell, but if something does not change in the next few months, I predict many farms going offline due to lack of profit.
Your alternative seems to be hold on to BTC and hope that some idiot gives you more fiat for it than you originally paid, yet you complain about the same thing happening in a GH/s exchange.

Fortunately you have no need to reply, as you have already expressed you lack of interest in any sensible debate.

Maybe we can put this to rest, we will never agree on the profitability of cex.io.

[krampus]

^^^^^ Note sleazy referral link in post above ^^^^^

Now ask yourself what this chump has to gain from his participation here.

HINT: He's lining up the "greater fool".

[krampus]

Maybe we can put this to rest, we will never agree on the profitability of cex.io.

I will not rest until assholes like you are banished from the realm.

[jupppo]

Maybe we can put this to rest, we will never agree on the profitability of cex.io.

I will not rest until assholes like you are banished from the realm.

I dont like neither his nor your tone, but after X-pages everyone should have understood that CEX.io is about speculationg qith GHS and not mining site. I really would appreceate if we can getmire civilized...

[dyask]

Maybe we can put this to rest, we will never agree on the profitability of cex.io.

I will not rest until assholes like you are banished from the realm.

I dont like neither his nor your tone, but after X-pages everyone should have understood that CEX.io is about speculationg qith GHS and not mining site. I really would appreceate if we can getmire civilized...

What do you expect form a "Village Idiot"? 

[xandriel]

Maybe we can put this to rest, we will never agree on the profitability of cex.io.

I will not rest until assholes like you are banished from the realm.

Well you will be waiting a very long time....
In the mean time I will be happy knowing that I AM making a profit, and that you are increasingly annoyed by it.
You have an over-simplistic mathematical model of a complex domain, but I'm certain a more correct model would be far to complex for your limited intellect to handle.

The only 'asshole' here as far as I am concerned is the one who is belittling the achievements of another.
As I said before, I do not get paid by cex.io or anyone else. Believe it of nor I have no connection with anybody or business. I am just a home miner/trader/user of bitcoin and happy to spread the word of a company that I believe in.

My sig doesn't meet your approval? Oh no, what a shame.

[Flinten]

Xandriel you wrote in this thread that you purchased GHs for 0.042, the price is now 0.026. Does not look like profit to me.

[xandriel]

Xandriel you wrote in this thread that you purchased GHs for 0.042, the price is now 0.026. Does not look like profit to me.

I did, but also sold them well before it dropped to 0.026.
In fact I have bought and sold many times since then, and earned enough BTC to buy another miner for home.

It has not all been profit, I am not such a good trader. Actually I am far too cautious so sometimes I make little losses, but overall I gain...otherwise I would not be doing it.

[krampus]

Xandriel you wrote in this thread that you purchased GHs for 0.042, the price is now 0.026. Does not look like profit to me.

I did, but also sold them well before it dropped to 0.026.
In fact I have bought and sold many times since then, and earned enough BTC to buy another miner for home.

That's day trading, not mining. If you would stop faffing about and call it what it is -- DAY TRADING -- then none of us on this side of the fence would be taking issue with it. There's nothing inherently wrong with day trading, unless you attempt to insinuate that "cex.io is profitable" without clarifying what you're doing there. My primary issue here is the assertion by a never-ending stream of dimwits that "mining" is profitable at cex.io. It is in fact not. The profit you're receiving comes from day trading. End of.

Now if you'd start presenting that picture more honestly (instead of saying "I'm making a profit at cex.io" like a shill) then we wouldn't be having this conversation.

So are you going to be honest, or are you going to continue to act like a shill?

[krampus]

As I said before, I do not get paid by cex.io or anyone else.

So I'm imagining the referral link in your sig, then? Seems to me that you are in fact promoting their business and accepting payment for it. That's the textbook definition of "being paid", and that colors everything you say about cex.io.

If you want to actually be seen as neutral, you can't accept money from them.

[krampus]

I really would appreceate if we can getmire civilized...

That's like asking for a quiet room in Delhi.

I'd like some fucking honesty in this forum, and a lot less hucksters.

[xandriel]

As I said before, I do not get paid by cex.io or anyone else.

So I'm imagining the referral link in your sig, then? Seems to me that you are in fact promoting their business and accepting payment for it. That's the textbook definition of "being paid", and that colors everything you say about cex.io.

If you want to actually be seen as neutral, you can't accept money from them.

No, you clearly see a referral link in my sig, but I have never accepted any payment from it. Once again you profess to know about things you have no information on.
So, by not accepting any payment, I am in fact neutral about cex.io.

Day trading is one thing, which I have attempted more recently as the cex markets have not been so good for mining. I started to learn it to increase the profit I was already making from mining.
Again you will exclaim that it is not possible from just mining. A person who has no idea about cex, has not used cex, never would use cex.
Yes there is some trading involved, it is a trading platform after all. But you CAN make a profit without much trading, just enough to sell when the price drops, and buy back at a lower cost. What you have in between is mining.

Some honesty? I am trying to give you just that. You can make a profit with cex.io, but not if you just want to sit back and let the BTC roll in. It doesn't work that way. The GH/s prices tends downward, but the market price goes up as well as down. A little bit of intelligence and you can make a reasonable profit.

Or you could hold your BTC in a wallet, and maybe sell for more than you paid...or maybe not.

[krampus]

No, you clearly see a referral link in my sig, but I have never accepted any payment from it.

Again, I doubt your honesty. Have you actually refused payment from cex.io for your referral link? Or have you never actually been successful in getting anyone to sign up?

Once again you profess to know about things you have no information on.

I'm a big fan of empirical evidence, and as such I'm going by what I can see. I see a referral link in your sig. Either you get something out of that referral link, or your referral link has never actually resulted in a successful referral. Either way, you're still working for them -- the fact that you haven't yet been paid is just semantics.

Day trading is one thing, which I have attempted more recently as the cex markets have not been so good for mining.

Well, duh. It doesn't take a rocket scientist to do that calculation, and it's been that way for a long time. Maybe always.

Again you will exclaim that it is not possible from just mining.

Yes. That's what I claim. Run the numbers. Show me a scenario where you could make back your BTC investment in GHs from just mining at cex.io. You can't, unless you include trading. Period.

[dottom]

You are trading a rigged market.  Sure it is *possible* to earn by trading, just like it is *possible* for you to win a coin toss with a rigged coin where you only win 30% of the time.

Doesn't mean it is smart, nor typical for the average person.

[FalconFly]

No, you clearly see a referral link in my sig, but I have never accepted any payment from it.

Now that's actually a hilarious statement which tells alot about you.

Everyone knows you don't "accept" that provision - you have no choice, this is a fully automated process once someone falls for it and actually makes a GHs purchase.
And the only single reason for anyone to put on such a Referrer Lins as a Sig is to Spam the forum and hope for such harvest. Otherwise, why would you put it there?

Cheap words you offer but your actions reveal your true motives, attempting to argue otherwise just makes you look even more ridiculous.

PS.
I see cex GHs price already fell below 0.027 BTC... *lol*

Looks like my predictions came true in literally no time. Significant investment losses realized in less than 6 weeks - and this is just the start (in case anyone still thinks it's a good idea to mine with rented cex.io GHs).
Proves once again cex.io cloud mining is a money-burning machine par excellence, that's something they're actually really really good at.

[xandriel]

No, you clearly see a referral link in my sig, but I have never accepted any payment from it.

Now that's actually a hilarious statement which tells alot about you.

Everyone knows you don't "accept" that provision - you have no choice, this is a fully automated process once someone falls for it and actually makes a GHs purchase.
And the only single reason for anyone to put on such a Referrer Lins as a Sig is to Spam the forum and hope for such harvest. Otherwise, why would you put it there?

Cheap words you offer but your actions reveal your true motives, attempting to argue otherwise just makes you look even more ridiculous.

PS.
I see cex GHs price already fell below 0.027 BTC... *lol*

Looks like my predictions came true in literally no time. Significant investment losses realized in less than 6 weeks - and this is just the start (in case anyone still thinks it's a good idea to mine with rented cex.io GHs).
Proves once again cex.io cloud mining is a money-burning machine par excellence, that's something they're actually really really good at.

It tells you nothing of me, but more of your inability to read and comprehend. Sure you don't 'accept' a referral. I was simply stating that I have not accepted any payment...or to put in a way so you might understand, I have not gained anything from the referral link.

Yes, GH/s has dropped to 0.027 currently, money burning it must be, which is why I have more btc now than before the recent crash. I will continue to make money, by mining when the market is stable and holding btc when it is not. I don't have time to watch the markets all day, so trading is very limited. If in doubt I flip to btc.

Also, I have seen many better forum members than yourself supporting referral links in their sig. Are you really suggesting all such members are spammers?

Your pointless arguments about a subject you clearly know nothing of just makes you look even more ridiculous.

PS: I see btc is also down

[krampus]

It tells you nothing of me, but more of your inability to read and comprehend.

I think it's rad that when you're in a hole, you keep digging. Balls-out, man!

Sure you don't 'accept' a referral. I was simply stating that I have not accepted any payment...or to put in a way so you might understand, I have not gained anything from the referral link.

You're dodging the question. Again. The statement "I have not accepted any payment" is deliberately misleading and you fucking know it. Either you have received something in return for your referral link, or you haven't made any referrals. Which is it? This bit about "accepted" is just weasly. There is no "accept" in this context.

Also, I have seen many better forum members than yourself supporting referral links in their sig. Are you really suggesting all such members are spammers?

I realize this was probably directed at FalconFly, but I'll answer anyway. Yes, I think those members are spamming the forum.

Your pointless arguments about a subject you clearly know nothing of just makes you look even more ridiculous.

You keep saying that, presumably in some vain hope that if you repeat it enough times it will be true. It won't.

[Thom]

Sorry to jump into such an impassioned debate, but I thought I should objectively report:
It's still very much possible to make a profit at cex.io IF you trade well instead of just holding.

As you can quite clearly see: Have a graph telling the jittery tale of how it's entirely possible to double your investment in under a week.

Watch twin the peaks; each blip is an hour's average, so partial hours spent holding BTC register low, so only peaks are relevant.

This account took no deposits over the duration of this graph, and has no referrals to make sure profits/losses are easy to track. It sells all its NMC for GHS, and it trades GHS/BTC on EMA curves and a fair bit of human trading intervention.

And yes, I have a cexio referral link in my sig, too! It's a perfect complement to honest posts reporting profits and success at cexio, no?

Proves once again cex.io cloud mining is a money-burning machine par excellence.

Think about it: If they burned what you lost trading, it would be gone. As you can see, y'all sold it to other users. For too little.

So I guess... sorry-not-sorry but thanks and carry on?