Quote from: lucates on April 10, 2014, 11:21:14 AM

Quote from: JayBee66 on April 08, 2014, 08:30:02 AM

All you need to know about CEX.IO

The price of GHS is constantly down-trending, which means that a buy and hold strategy will result in a loss of investment.

The holder of GHS is therefore expected to day trade their holding by second guessing market moves, which is unlikely. Anyone professing to have profited from day trading on CEX.IO is either a liar, extremely lucky (mean reversion will soon sort them out) or a CEX.IO shill.

CEX.IO latest gambling wheeze is a futures contract. Well, it isnt a futures contract because you cannot take a short position. It is in fact a forward contract where you have to guess the price of GHS one or two months ahead and are then locked into taking delivery at whichever price you buy at.

For CEX.IO to call it a futures contract suggests that they do not know anything about financial contracts and are scam artists.

Not that the kids using CEX.IO will care. They will all gamble away their Bitcoins either on CEX.IO or some other gambling platform.

Read through this entire thread. Anyone extolling the virtues of CEX.IO is always short-lived. Today's extollers will be next month's no-shows.

I buyed 250 GHS and realise he mines only with 16%, 84% goes for costs to cex where is logic!!!!!

U loose money 100% take calc in hand!

The price has been holding up for 3weeks

The fees will go down in B terms if B price goes up but the 84% figure seems like a lot, can you confirm?