Quote from: DrG on February 03, 2014, 01:03:17 AM

Quote from: vchierici on February 02, 2014, 04:27:57 PM

Quote from: DrG on February 02, 2014, 02:19:35 PM

The only way to make money at CEX.IO is buying low and selling it at a higher price (assuming it goes higher).

How can i provide that? Does something real could influence the trend?

Not sure what you're asking. When you buy 10GH/s for 0.34BTC and then sell it for 0.38BTC you make 10x0.04BTC = 0.4BTC (plus any mining revenue).

The reason everybody isn't doing this is because the price should be continually heading down. The only reason for it to go up is uninformed new buyers... so basically you make profit at the expense of, for a lack of a better term, stupid noobs.

bwahahahaha!

so true, im 7 days into the BTC, mining and CEX.io game and i have flipped for profit like 90% of the time. granted being a noob myselt i havent worked my way up to 10GHS but between trading and selling GHS to newer noobs (its a noob eat noob world out there these days) i have gone from an initial 0.25GHS that i bought via ebay to get the ball rolling up to most recently 8.4GHS though now back down to 1.13GHS as i offloaded more GHS. its a nice little rinse and repeat. the only reason im not over 10GHS by now is i have ported some profits into my bank to help clear my overdraft left over from the xmas hit and having to buy tax for my car, also bought a couple goodies for the car on ebay yesterday, maybe also today as my virwox deposit limit is maxxed for the time being and no one here will sell me BTC for paypal so i may as well spend whats in my paypal now as there will probably be more following it tomorrow, or the next day, etc. going to have to re-up my GHS soon though.. 1.13GHS wouldnt pull you out of a wet paper bag..