Post
Topic
Board Beginners & Help
Re: Just bought GHash's from CEX is that a good idea?
by
nynexx
on 02/11/2013, 01:10:49 UTC
People don't get what's a GH/S at CEX.IO : it is something that loose 50 % of its value every 15 days
As opposed to a $2.5k USD machine that never sees ROI and will have a HORRID resale value come, say, February?

1 GH/s at cex.io will also never see a positive ROI and will have a HORRID resale value in February, probably somewhere around 0.005 BTC, if you are lucky.
Because of recent outage, I am currently removing funds from CEX. I will likely be back. Here is an anecdote, one last time:
I came to CEX with some 0.94863546 BTC spange, and am leaving with 1.29863546 BTC.
That is a 31.1489% profit, or "R-O-*******-I."
I have been using the site since the evening of the 22nd. It is roughly the same time now, but today is the 1st. That is 10 days. That's 3.1% return every day, which is way more than what I see using a tuned EMA trader. I did not just "get lucky," I used my head, and made BTC. With very little BTC.

I'm not even aggressively day trading, considering it is an exchange with 0.00000% transaction fee.

But you people seem a little thick to the idea so I'm just going to stop talking about it now.

Good evening all,

nynexx