[CLOSED] S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx - page 50.

RationalSpeculator

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This bull will try to shake you off. Hold tight!

Quote from: thoughtfan on March 20, 2013, 12:18:25 AM

7) From the fact of the price never coming near what it was before a few weeks back when a whole new tranche of shares were sold cheap I'd guess there's still a significant number of shares in the hands of those who at the time bought more than they'd intended to long term with the intention of making a quick buck on the way back up who are now holding something that cost them more than they could currently sell it fo (me, me Wink

) ;

That is a good explanation. That would explain why people are dumping them today. Bought too many, couldn't sell for a profit, but must sell for a loss as the coins/fiat was only temporarily available?

Thanks, that seems a rational explanation why they are so undervalued. Basically a big shareholder selling a lot of shares, still being felt today.

Bugpowder

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Quote from: ThickAsThieves on March 20, 2013, 12:30:34 AM

How about, SDICE is low because profit is down this month again?

Bitcoin dividends are a large part of asset value.

Most bitcoin 'investors' can't see more than 2 days beyond the next payday.

ThickAsThieves

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How about, SDICE is low because profit is down this month again?

Bitcoin dividends are a large part of asset value.

thoughtfan

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Quote from: 🏰 TradeFortress 🏰 on March 20, 2013, 12:05:04 AM

Quote from: RationalSpeculator on March 19, 2013, 11:34:57 PM

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?

I would add to this (which may not be entirely independent of the above):

6) Many investors may still be looking at their S.Dice investment in usd terms and if they'd invested near the top of what they would in usd to start with now have a holding far above what they're cofortable with;
7) From the fact of the price never coming near what it was before a few weeks back when a whole new tranche of shares were sold cheap I'd guess there's still a significant number of shares in the hands of those who at the time bought more than they'd intended to long term with the intention of making a quick buck on the way back up who are now holding something that cost them more than they could currently sell it fo (me, me Wink

) ;
8 ) Increase in btc/usd exchange rate meaning taking a hit on the S.Dice price doesn't matter so much given the usd value has gone up so much.

Bowjob

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Activity: 294

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Quote from: RationalSpeculator on March 19, 2013, 11:34:57 PM

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!

read https://bitcointalksearch.org/topic/satoshi-dice-and-the-future-135760

I've seen this coming from a few months ago. Basically holding S.Dice shares and BTC creates a dissonance in your portfolio. I was baffled for a while since as BTC increased, Dice increased as well. I got off at 0.0075 and 0.0062, which was pretty good.

🏰 TradeFortress 🏰

vip

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👻

Quote from: RationalSpeculator on March 19, 2013, 11:34:57 PM

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?

RationalSpeculator

sr. member

Activity: 294

Merit: 250

This bull will try to shake you off. Hold tight!

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!

🏰 TradeFortress 🏰

vip

Activity: 1316

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👻

Quote from: ?? on ??

Quote from: StarenseN on March 18, 2013, 08:01:13 PM

So is the fincen report a great news for satoshi dice (btc/btc business)?

I don't see how it affects sdice. sdice is not a "exchanger" or a "money transmitter", or an "administrator".

But under that guidance (IIRC) WinPoker would be an exchanger / money transmitter..

FTWbitcoinFTW

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Activity: 476

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Quote from: strello on March 18, 2013, 09:38:46 PM

fincen report?

https://bitcointalk.org/index.php?topic=154672.0;topicseen

strello

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fincen report?

StarenseN

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So is the fincen report a great news for satoshi dice (btc/btc business)?

Mausini

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Quote from: zx9r on March 18, 2013, 05:56:24 AM

Quote from: dooglus on March 17, 2013, 07:07:30 PM

SD's luck has been horrible in March. The bet volume is such that the house should be about 2000 BTC up on the month so far, but they're only about 200 BTC up.

Where can we see the current month graph ?

https://bitcointalk.org/index.php?topic=80312.new;topicseen#new

zx9r

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Quote from: dooglus on March 17, 2013, 07:07:30 PM

SD's luck has been horrible in March. The bet volume is such that the house should be about 2000 BTC up on the month so far, but they're only about 200 BTC up.

Where can we see the current month graph ?

Choadzilla

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dooglus, thank you for those graphs!!

JordanL

donator

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Quote from: MPOE-PR on March 17, 2013, 06:55:27 PM

I think what the OP means was that something like S.DICE is unstoppable as long as BTC exists.

If that's correct, then I totally agree. To me his post appeared to be discussing the value of the S.DICE security, so I figured he was referring to Satoshi Dice specifically.

dooglus

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Quote from: FTWbitcoinFTW on March 17, 2013, 03:23:09 PM

*March without whales looks like shit

SD's luck has been horrible in March. The bet volume is such that the house should be about 2000 BTC up on the month so far, but they're only about 200 BTC up.

MPOE-PR

hero member

Activity: 756

Merit: 522

Quote from: JordanL on March 17, 2013, 03:52:02 PM

No, this is not true. Bitcoin is decentralized, you would have to shut down every computer mining to shut it down.

I'm not saying S.Dice would be easy for authorities to shut down, I have no idea really of how the company is structured, but it would not be even close to as hard as it would be to shut down Bitcoin itself. A few people, one company, a few servers, that's all they would have to find to shut down Satoshi Dice. Apples and oranges.

Depends a lot on what their model actually is. I think what the OP means was that something like S.DICE is unstoppable as long as BTC exists.

JordanL

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Quote from: FTWbitcoinFTW on March 17, 2013, 03:23:09 PM

* Like BTC, is very hard to shut down S.Dice. All you need is address to bet !

No, this is not true. Bitcoin is decentralized, you would have to shut down every computer mining to shut it down.

I'm not saying S.Dice would be easy for authorities to shut down, I have no idea really of how the company is structured, but it would not be even close to as hard as it would be to shut down Bitcoin itself. A few people, one company, a few servers, that's all they would have to find to shut down Satoshi Dice. Apples and oranges.

JordanL

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Quote from: StarenseN on March 17, 2013, 03:34:48 PM

D) no new bids as very few accounts are created on mpex (1300$ - 30BTC is a pain) > agony ?

There are enough passthroughs and brokers by now that this isn't really an issue. I have tried out CoinBR.com (because I try out almost every BTC related service), and they are really top notch. Reasonable fees, great support, and your trades are processed on MPEx immediately. Perfect for smaller traders who want to trade on MPEx but don't want to pay the upfront fee.

StarenseN

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D) no new bids as very few accounts are created on mpex (1300$ - 30BTC is a pain) > agony ?

Topic: [CLOSED] S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx - page 50. (Read 316363 times)