What the hell is happening with the sdice valuation? People are just dumping these shares with the end result being that I made since start of the year 300% on my bitcoins and at the same time barely 30% on sdice. To me, this does not make sense. Sdice has - proven- to raise the amount of btc earned and payed out, even while btc goes up dramatically in value. So logically sdice should go up as much as bitcoin goes up (ie the share price not dropping when btc goes up). Is it right to conclude that investors are behaving irrationally today? Or am I missing something?
Great company by the way Erik!
It's quite clear that people are
not going to bet $1,000 as frequently as $100. BTC/USD definitely does influence the price of S.DICE, but not 1:1.
1) People may be wanting to cash out their bitcoin earnings and therefore selling their BTC assets
2) Concern over blockchain bloat and possible anti-spamTX actions taken by bitcoind (this is just speculation BTW, it will not actually be a problem)
3) Concern over S.DICE's poor luck in March (less divs too)
4) Large investors needing to liquidate their S.DICE shares (this was what happened last time)
5) BTC/USD exchange rate to some effect
Holding S.DICE assets instead of cold storage bitcoins brings you more risk, and is the risk really worth the returns?
) ;
