CEX.io GHS Bubble ?

[SecureErase]

Still it does not make sense. GHS/BTC price should theoretically follow the difficulty increase. So for 25% diff increase the price should have decreased by 25%, i.e. from 0.0075 to somewhere around 0.0052.. Even though it dropped to 0.006 for a minute, it is now around 0.0067 which is less that 10% drop.
This means the market is extremely optimistic about the ROI of their investment..

It has disconnected difficulty for around 8 weeks now which shows there is bullish sentiment on being able to buy and sell for a profit with some mining dividends in between as an upside. So as there is a disconnect it no longer follows it must move correlated. This doesn't mean that it won't reconnect in the future though.
Nice trade philipma1957.

[picolo]

Still it does not make sense. GHS/BTC price should theoretically follow the difficulty increase. So for 25% diff increase the price should have decreased by 25%, i.e. from 0.0075 to somewhere around 0.0052.. Even though it dropped to 0.006 for a minute, it is now around 0.0067 which is less that 10% drop.
This means the market is extremely optimistic about the ROI of their investment..

GHS price can go up because there are more new buyers or the market thinks the market will keep its GHS at this price

[ShakyhandsBTCer]

Still it does not make sense. GHS/BTC price should theoretically follow the difficulty increase. So for 25% diff increase the price should have decreased by 25%, i.e. from 0.0075 to somewhere around 0.0052.. Even though it dropped to 0.006 for a minute, it is now around 0.0067 which is less that 10% drop.
This means the market is extremely optimistic about the ROI of their investment..

It is slightly more complicated then that because of NPV. If you still have the option of selling your GHs at any time then the value will be increased even though the stream of revenue has decreased.

[digitalbrass]

cex.io is a waste of BTC. To even break even on your ghs you need to be up by 2% + the withdraw fee.  Its sad but people in the chat box on that site are buying .1 GHs thinking they can make money. Cex preys on fools and people who have no clue about btc other then its worth money and you mine it to get it.  

It is nothing more then an elaborate gambiling site with the odds in there favore because in reality cex controls the ghs prices anyone who doesnt see that is blind, there are no laws in btc market manipulation.

On july 7th they posted this picture on their facebook, today the price has dropped even further down. Had you got suckered in by them thinking it was a good deal, you would already be down BTC.
They prey on peoples greed hoping and preying the price goes up. Looking at the stats they will never go up to the point where youll make that wow factor return. Cex.io is for fools.

Theres some sad people on there who spend hours and hours a day trading up just to make .00003 profit a day if or maybe 5$ if there lucky on a good day. its pathetic. Stay awwy from cex. if you like to gamble just play satoshi roullete.

https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-xap1/t31.0-8/p600x600/10359003_595178053916402_2802606742839566690_o.png

[picolo]

cex.io is a waste of BTC. To even break even on your ghs you need to be up by 2% + the withdraw fee.  Its sad but people in the chat box on that site are buying .1 GHs thinking they can make money. Cex preys on fools and people who have no clue about btc other then its worth money and you mine it to get it.  

It is nothing more then an elaborate gambiling site with the odds in there favore because in reality cex controls the ghs prices anyone who doesnt see that is blind, there are no laws in btc market manipulation.

On july 7th they posted this picture on their facebook, today the price has dropped even further down. Had you got suckered in by them thinking it was a good deal, you would already be down BTC.
They prey on peoples greed hoping and preying the price goes up. Looking at the stats they will never go up to the point where youll make that wow factor return. Cex.io is for fools.

Theres some sad people on there who spend hours and hours a day trading up just to make .00003 profit a day if or maybe 5$ if there lucky on a good day. its pathetic. Stay awwy from cex. if you like to gamble just play satoshi roullete.

You could theorically make money if the difficulty goes down a lot and a lot of new players arrive on cex but it is less likely than the other way around

Still it does not make sense. GHS/BTC price should theoretically follow the difficulty increase. So for 25% diff increase the price should have decreased by 25%, i.e. from 0.0075 to somewhere around 0.0052.. Even though it dropped to 0.006 for a minute, it is now around 0.0067 which is less that 10% drop.
This means the market is extremely optimistic about the ROI of their investment..

GHS price can go up because there are more new buyers or the market thinks the market will keep its GHS at this price

It has been going down for months on end

[DumDumz]

for now cloud-mining has not profitable, because the price is too high.

[dropt]

What do you think about 0.0048GHS/BTC ? Is it worthable for 1TH ?

Well, 1TH is ~1000GH, so 1000*0.0048 = 4.8BTC/TH.  Considering you can purchase 1TH for ~2BTC these days, I'd say it's a total loser.

Put it this way, If the CEX price dropped below 0.002BTC/GH/s in the next week, it still wouldn't be a good deal.

[ranochigo]

What do you think about 0.0048GHS/BTC ? Is it worthable for 1TH ?

No, the maintainence price would be very very high, cutting a lot of your profit. Since there isn't much demand for GH, the price would continue dropping, even if you sell it very soon, there is a possibility you would only get half of your investment back. 1TH would cost way too much unless you have that much money to waste.

[bomberb17]

Unless they make their maintenance costs lower, Ghs prices will continue to drop since it won't be profitable to hold them any more.

[williamj2543]

I find that cex.io is really not profitable at all. By the time you actually make a visible profit, the price will have fluctuated. The price of GHS almost makes its own mining irrelevant because you will either lose or gain a lot more money by trading the GHS in the market.

[picolo]

I find that cex.io is really not profitable at all. By the time you actually make a visible profit, the price will have fluctuated. The price of GHS almost makes its own mining irrelevant because you will either lose or gain a lot more money by trading the GHS in the market.

If you are lucky you sell higher than you bought but it is what I said : luck

[ranochigo]

I find that cex.io is really not profitable at all. By the time you actually make a visible profit, the price will have fluctuated. The price of GHS almost makes its own mining irrelevant because you will either lose or gain a lot more money by trading the GHS in the market.

If you are lucky you sell higher than you bought but it is what I said : luck

For the price to increase, you need higher demands. Since most people already know that they will never make ROI there, the price is likely to decrease since not much people would want to buy there. The difficulty is going to skyrocket soon, making ROI even worst than no profits.

[picolo]

I find that cex.io is really not profitable at all. By the time you actually make a visible profit, the price will have fluctuated. The price of GHS almost makes its own mining irrelevant because you will either lose or gain a lot more money by trading the GHS in the market.

If you are lucky you sell higher than you bought but it is what I said : luck

For the price to increase, you need higher demands. Since most people already know that they will never make ROI there, the price is likely to decrease since not much people would want to buy there. The difficulty is going to skyrocket soon, making ROI even worst than no profits.

You have new people signing up everyday and buying new shares + reinvested profit which push the price higher but not enough to have a stable price or to even make money

[Bitsaurus]

I find that cex.io is really not profitable at all. By the time you actually make a visible profit, the price will have fluctuated. The price of GHS almost makes its own mining irrelevant because you will either lose or gain a lot more money by trading the GHS in the market.

If you are lucky you sell higher than you bought but it is what I said : luck

For the price to increase, you need higher demands. Since most people already know that they will never make ROI there, the price is likely to decrease since not much people would want to buy there. The difficulty is going to skyrocket soon, making ROI even worst than no profits.

You have new people signing up everyday and buying new shares + reinvested profit which push the price higher but not enough to have a stable price or to even make money

It is a game of hot potato.  Anybody holding right now is hoping for a 5 or 10% increase so they can get out (assuming they're not delusional and thinking they can profit).  The ones selling are willing to cut their loses.  It's a game of chicken on a race to the exit - those left holding at the end will be crying.

[oliversl]

What do you think about 0.0048GHS/BTC ? Is it worthable for 1TH ?

Well, 1TH is ~1000GH, so 1000*0.0048 = 4.8BTC/TH.  Considering you can purchase 1TH for ~2BTC these days, I'd say it's a total loser.

Put it this way, If the CEX price dropped below 0.002BTC/GH/s in the next week, it still wouldn't be a good deal.

Getting closer to that 0.002BTC/GH/s, its on 0.0034 right now
https://bitcoinwisdom.com/markets/cexio/ghsbtc

[jeroenn13]

Cloud mining never been profitable right?

[ranochigo]

Cloud mining never been profitable right?

It was profitable for some time when difficulty wasn't this high and didn't increase that fast. It was a very long time ago and it is no longer profitable was the difficulty rises faster than before.

[Bitsaurus]

Cloud mining never been profitable right?

It was profitable for some time when difficulty wasn't this high and didn't increase that fast. It was a very long time ago and it is no longer profitable was the difficulty rises faster than before.

I don't think that time ever existed.  CEX.IO was the first and has only been in business about 1 year.  Last year at this time were were having 20-30% jumps with these new things called ASICs brought to the table.  The jumps have slowed down if anything.

[picolo]

What do you think about 0.0048GHS/BTC ? Is it worthable for 1TH ?

Well, 1TH is ~1000GH, so 1000*0.0048 = 4.8BTC/TH.  Considering you can purchase 1TH for ~2BTC these days, I'd say it's a total loser.

Put it this way, If the CEX price dropped below 0.002BTC/GH/s in the next week, it still wouldn't be a good deal.

Getting closer to that 0.002BTC/GH/s, its on 0.0034 right now
https://bitcoinwisdom.com/markets/cexio/ghsbtc

So many people lost money on Cex.io and not too many made money; you can make money with the referral system or if you got lucky and bought before the price went up then sold and didn't buy back

[TGWWful]

N-n-n-necro!

Yeah, sorry to bring this back up, but just to prove you all right... http://cex.io/trade
Yep. You're right. Death to cex, and let's just all move on.