Cex.io

[thebitcoinme]

Hi guys,

I recently created a Cex.io account.  Can someone tell me more about it?  Here's what I discovered:

1) Current rates are outrageous - how can it be at .087 when you can purchase hardware for so much less.
2) Fluctuation trends can be observed - there appears to be a trend that changes every 10-15 days. If you look into the difficulty history, you would be able to see the "mining" difficulty trend. This would probably help mitigate risks from a "buy and hold" strategy if you are looking into that on this Cex.io website.
3) Exploring the short side - I have tried buying and selling GHS on this website which works really well. However, not sure if we can sell first then buy back after, kind of like shorting the market. Any thoughts on this would be awesome.


Thanks for letting me know more about all of this. 

[mezmerizer9]

Hi guys,

I recently created a Cex.io account.  Can someone tell me more about it?  Here's what I discovered:

1) Current rates are outrageous - how can it be at .087 when you can purchase hardware for so much less.
2) Fluctuation trends can be observed - there appears to be a trend that changes every 10-15 days. If you look into the difficulty history, you would be able to see the "mining" difficulty trend. This would probably help mitigate risks from a "buy and hold" strategy if you are looking into that on this Cex.io website.
3) Exploring the short side - I have tried buying and selling GHS on this website which works really well. However, not sure if we can sell first then buy back after, kind of like shorting the market. Any thoughts on this would be awesome.


Thanks for letting me know more about all of this. 

It's better to go to the hashprofit. But the only problem is that you can't sell that khs when you want, only after a month or more  I believe., but it's still better then cex.

[Poppy]

they are just one of many out there, but most are about the same just saying you might save some.

but they all charge a fee on maintenance cost. or end up giving you the miner option.

[elliwilli]

Cex kinda sucks now.
Cloud mining unless you have massive amounts to invest wont make much or even ROI due to difficulty.

[BeginToMine]

Cex.io wont make anygood.

[DhaniBoy]

I suggest that this time you are not too much to invest in the cloud or on mining mining actually, because at this time the price was fluctuating bitcoin, bitcoin wait for a time when prices are stable, that's when you can invest in mining or mining cloud the truth, when the proper way is to keep collecting bitcoin and sell as many as needed, and hopefully the price of bitcoin will be steady and the future ... 

[fast2fix]

cloud mining/hardware mining isn't profitable now, just buy bitcoin and hold it you'll make more money when bitcoin will be 1k$+

[pooya87]

~snip snip~
3) Exploring the short side - I have tried buying and selling GHS on this website which works really well. However, not sure if we can sell first then buy back after, kind of like shorting the market. Any thoughts on this would be awesome.

Thanks for letting me know more about all of this. 

i don't like cloud mining myself so i have nothing to tell you about your 1,2 Q
but on the 3rd one, as long as you have currency in your account you can buy or sell at any time. i bought GHS at night and sold it tomorrow morning once due to increase in price this is also true about any other currencies.

[mezmerizer9]

Hi guys,

I recently created a Cex.io account.  Can someone tell me more about it?  Here's what I discovered:

1) Current rates are outrageous - how can it be at .087 when you can purchase hardware for so much less.
2) Fluctuation trends can be observed - there appears to be a trend that changes every 10-15 days. If you look into the difficulty history, you would be able to see the "mining" difficulty trend. This would probably help mitigate risks from a "buy and hold" strategy if you are looking into that on this Cex.io website.
3) Exploring the short side - I have tried buying and selling GHS on this website which works really well. However, not sure if we can sell first then buy back after, kind of like shorting the market. Any thoughts on this would be awesome.


Thanks for letting me know more about all of this. 

Forget about cex.io. High prices, no profit, outrageous fees. If you are going to invest into cloud mining, I'd suggest you hashprofit.com. But the only down side is that you can't sell your KHs for the next 3 months, or 90 days if you will.

[nothing2seeHere]

~snip snip~
3) Exploring the short side - I have tried buying and selling GHS on this website which works really well. However, not sure if we can sell first then buy back after, kind of like shorting the market. Any thoughts on this would be awesome.

Thanks for letting me know more about all of this. 

i don't like cloud mining myself so i have nothing to tell you about your 1,2 Q
but on the 3rd one, as long as you have currency in your account you can buy or sell at any time. i bought GHS at night and sold it tomorrow morning once due to increase in price this is also true about any other currencies.

It is far from guaranteed that the prices will increase between the time you buy your GHs and when you attempt to sell them in the morning. Also cex now charges a trading fee so even if the price increases slightly you will still lose money

[btckold24]

their mining pools are good to point your miners at imo but never do cloud mining there.

[Velkro]

Cex.io wont make anygood.

Agree, they are kinda monopolists, thats bad for clients as you author saw and described in this topic