CEX.io

[michaelhampton]

Hi everyone.

Im a noob here trying to get into CEX.io. Does anyone know how to make money using the trade platform?

How would i make money using the example below?

Sell Order
Price per GHS    GHS Amount    Total: (BTC)
0.07100896          0.06237536     0.00442921
0.07100897        0.78578355     0.05579768

Buy order
Price per GHS    GHS Amount    Total: (BTC)
0.07100737           0.05383859           0.00382294
0.07100498           0.10001871           0.00710183

Thanks

[mindfulmojo]

What do you mean?

Your example looks fine... You are buying low... Selling high..

Not by much..lol but what more do you want?

[devthedev]

I don't believe there's much money to be made with Cex.io. It's honestly seemed shady from the beginning.

[kuverty]

I don't believe there's much money to be made with Cex.io. It's honestly seemed shady from the beginning.

There is certainly money to be made. Anyway, just buying and holding will make you lose your money as the price of mining power is sky high. You have to try to buy low and sell higher, and keep the mining profit in the meantime.

You might want to see this chart: https://docs.google.com/spreadsheet/ccc?key=0AiFMBvXvL2dtdEZkR2J4eU5rS3B4ei1iUmJxSWNlQ0E#gid=0

Bitcoin difficulty adjustments there. You should know about those, they will affect the Gh/s market. You have to know what you're doing at least, not everyone will be a winner there. But you can make good money too!

[samysamy1]

I also have trouble understanding cex.io.
When you click on 'buy orders' the price will transfer to 'Sell GHS' and vice versa.
Also can you set your own price or is it just auto selling/buying?

[mprep]

I also have trouble understanding cex.io.
When you click on 'buy orders' the price will transfer to 'Sell GHS' and vice versa.
Also can you set your own price or is it just auto selling/buying?

You can set the price, the buy orders are filled with the sell orders and vice versa.