Quote from: digitalbrass on July 15, 2014, 01:16:46 PM

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

Quote from: picolo on July 02, 2014, 02:08:39 PM

Quote from: bomberb17 on July 02, 2014, 07:46:11 AM

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 Wink

It has been going down for months on end