(6/15/2010) If you cast a card from exile this way, it will go to your graveyard when it resolves, fails to resolve, or is countered
While the "ease of flipping" category is, in large part, a product of the number of defense counters on the battle (battles range from three to seven defense counters, and a battle with three defense counters will be much easier to flip than one with seven), it also takes other factors into consideration, like whether the battle makes creatures (if so, we can use them to help defeat the battle, making it easier to flip) or whether the battle acts as removal (which can get a blocker out of the way, making it easier to attack and defeat the battle)
(During your turn, you may pay and exile it from your hand face down
Feed your Inner Eldrazi Beast
Especially when being on the play, I personally think the relevance of a discard spell even increased since stronger creatures like Ragavan, Nimble Pilferer entered the format since Modern Horizons 2
(2014-11-24) Unlike a face-down creature that was cast using the morph ability, a manifested creature may still be turned face up after it loses its abilities if it's a creature card