[HAVELOCK] SDICE Passthru - page 2. | Bitcointalksearch.org

thoughtfan

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Quote from: btcash on February 06, 2013, 02:01:33 PM

Can someone explain why people on Havelock are willing to pay 5-10% more than on BTCTC, MPEX and BitFunder?
It is not that Havelock is more trustworthy or has more other investment opportunities. So why use Havelock and pay more than on any other exchange?

I'm wondering again about this substantial price difference between Havelock and MPEx. Lightbox, on your site you say:

"Units of the fund ARE convertible to shares on MPEX at 1 unit = 100 shares PUSHED to your MPEx account for a fixed fee of 10 BTC per transfer (fee subject to change)."

Is that an automated service or do you have to do that manually.

lebing

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Enabling the maximal migration

Quote from: Bowjob on February 10, 2013, 08:52:20 AM

Quote from: lebing on February 10, 2013, 08:49:50 AM

Quote from: btcash on February 06, 2013, 02:01:33 PM

Can someone explain why people on Havelock are willing to pay 5-10% more than on BTCTC, MPEX and BitFunder?
It is not that Havelock is more trustworthy or has more other investment opportunities. So why use Havelock and pay more than on any other exchange?

The site is well built & its run by a reputable person. This alone is easily worth 10% over say bitfined or mpex. I dont know about btctc however.

If MPEX turns out to be a scam (which it isn't) Havelock will be affected since there's a direct link between Havelock and MPEX S.Dice shares.

Yeah - I thought it was obvious why people dont use MPEX. 30 coins just for the privilege of using that POS? Yeah, no thanks.

Bowjob

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Quote from: lebing on February 10, 2013, 08:49:50 AM

Quote from: btcash on February 06, 2013, 02:01:33 PM

Can someone explain why people on Havelock are willing to pay 5-10% more than on BTCTC, MPEX and BitFunder?
It is not that Havelock is more trustworthy or has more other investment opportunities. So why use Havelock and pay more than on any other exchange?

The site is well built & its run by a reputable person. This alone is easily worth 10% over say bitfined or mpex. I dont know about btctc however.

If MPEX turns out to be a scam (which it isn't) Havelock will be affected since there's a direct link between Havelock and MPEX S.Dice shares.

lebing

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Activity: 1288

Merit: 1000

Enabling the maximal migration

Quote from: btcash on February 06, 2013, 02:01:33 PM

Can someone explain why people on Havelock are willing to pay 5-10% more than on BTCTC, MPEX and BitFunder?
It is not that Havelock is more trustworthy or has more other investment opportunities. So why use Havelock and pay more than on any other exchange?

The site is well built & its run by a reputable person. This alone is easily worth 10% over say bitfined or mpex. I dont know about btctc however.

ThickAsThieves

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Activity: 518

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Havelock users are possibly less aware, or less interested in the other passthroughs. Trust could still be a factor, but odds are they just don't know about all the other options. That's my guess.

thoughtfan

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Quote from: btcash on February 06, 2013, 02:01:33 PM

Can someone explain why people on Havelock are willing to pay 5-10% more than on BTCTC, MPEX and BitFunder?
It is not that Havelock is more trustworthy or has more other investment opportunities. So why use Havelock and pay more than on any other exchange?

Because there isn't enough liquidity on all the various outfits, nor an easy means of transferring stocks between them, for an arbing bot to level them off

btcash

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Can someone explain why people on Havelock are willing to pay 5-10% more than on BTCTC, MPEX and BitFunder?
It is not that Havelock is more trustworthy or has more other investment opportunities. So why use Havelock and pay more than on any other exchange?

thoughtfan

hero member

Activity: 784

Merit: 506

Quote from: adamstgBit on February 06, 2013, 12:29:13 PM

why do poeple have so many bids in the 0.6X
Huh

dont they know you'll be selling shares all the way down to 0.55
maybe you should write them an e-mail.

Quote from: adamstgBit on February 06, 2013, 12:41:35 PM

i thought i was tusday today.... lol shit now its 0.0062 Embarrassed

If James is doing the same as yesterday the new units will be going on as an Ask at (100 times) what he managed to get them for plus ~.01 which for yesterday's average purchace price of .5534 were put on at .565*

So I definitely wouldn't put anything on for less than .63 and wouldn't put a massive one on at that level either if you really want them taken because it all depends on how many at what price James can get them for. Hence people 'playing it safe' by bidding higher.

*

Quote

February 5th, 2013 - Well that was exciting!

S.DICE sale on MPEX sold out in ~20 seconds. I managed to get 120,000 of the 1,000,000 shares for Havelock (12% worth of what was released) at a decent rate of 0.00557 for 100k and 0.00550 for 20k. I subsequently listed them on Havelock at 0.565, and sold out immediately (eating up all the bids between 0.645 and 0.565)

Sounds like there'll be another 1,000,000 on sale again tomorrow night on MPEX, probably at slightly higher rate.. If there's bids in the order book for Havelock, I'll try again to buy what I can to match it up!

Have a good night!
James

adamstgBit

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Trusted Bitcoiner

i thought i was tusday today.... lol shit now its 0.0062 Embarrassed

adamstgBit

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Trusted Bitcoiner

why do poeple have so many bids in the 0.6X
Huh

dont they know you'll be selling shares all the way down to 0.55
maybe you should write them an e-mail.

Bowjob

sr. member

Activity: 294

Merit: 250

Quote from: lightbox on February 05, 2013, 11:16:46 PM

Quote from: ThickAsThieves on February 05, 2013, 07:51:09 AM

Quote from: Draino on February 05, 2013, 07:49:20 AM

will havelock be getting a slice of the newly released 5% shares at .0044?

While I don't know the answer, it's probably unlikely considering all were sold hours ago...

Yea, i had a headache last night and went to bed early, someone shoulda called the office and hit the 999 emergency extension to wake me up!

I did however get a fair sized slice of the release tonight... Havelock bought 120,000 of the 1,000,000 shares (12%) released tonight.... we also sold out within seconds of listing them on our site.. i think we could have used another 30000 still to satisfy all the bids on our order book.. ohwell, there's always the next tranche tomorrow night!

James

I will hold on to your word. Next time something of this caliber happens I will call you.

lightbox

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Quote from: ThickAsThieves on February 05, 2013, 07:51:09 AM

Quote from: Draino on February 05, 2013, 07:49:20 AM

will havelock be getting a slice of the newly released 5% shares at .0044?

While I don't know the answer, it's probably unlikely considering all were sold hours ago...

Yea, i had a headache last night and went to bed early, someone shoulda called the office and hit the 999 emergency extension to wake me up!

I did however get a fair sized slice of the release tonight... Havelock bought 120,000 of the 1,000,000 shares (12%) released tonight.... we also sold out within seconds of listing them on our site.. i think we could have used another 30000 still to satisfy all the bids on our order book.. ohwell, there's always the next tranche tomorrow night!

James

ThickAsThieves

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Activity: 518

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Quote from: Draino on February 05, 2013, 07:49:20 AM

will havelock be getting a slice of the newly released 5% shares at .0044?

While I don't know the answer, it's probably unlikely considering all were sold hours ago...

Draino

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will havelock be getting a slice of the newly released 5% shares at .0044?

lightbox

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Activity: 212

Merit: 100

Quote from: ThickAsThieves on February 03, 2013, 09:28:12 AM

When will the first dividends be sent? Not in a rush, just noticed that the other exchanges seem to have all paid out already.

Thanks!

Paid out this afternoon.

Cheers,
James

ThickAsThieves

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Activity: 518

Merit: 500

When will the first dividends be sent? Not in a rush, just noticed that the other exchanges seem to have all paid out already.

Thanks!

lightbox

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Merit: 100

Quote from: niko on January 28, 2013, 12:23:25 PM

Quote from: lightbox on January 28, 2013, 11:54:52 AM

Quote from: niko on January 24, 2013, 04:23:58 PM

WARNING

Someone placed a bunch of buy orders which look reasonable, except they are shifted one decimal place (i.e., 0.0556 instead of 0.556). Curiously, order book was cleared on the buy side when this happened. Regular orders are now showing up on top, but I can see how someone can fall for it in a hurry, especially with one passthrough unit being worth 100 mpoex shares (not 10!)...

The open market self-corrected this pretty quickly. As liquidity grows (we're now at 350000 shares), this will become less likely to happen.

James

It was a fat finger mistake, somebody dumped on mpex. Surprisingly how havelock is tightly coupled. Is there an API?

Soon

niko

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Activity: 756

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There is more to Bitcoin than bitcoins.

Quote from: lightbox on January 28, 2013, 11:54:52 AM

Quote from: niko on January 24, 2013, 04:23:58 PM

WARNING

Someone placed a bunch of buy orders which look reasonable, except they are shifted one decimal place (i.e., 0.0556 instead of 0.556). Curiously, order book was cleared on the buy side when this happened. Regular orders are now showing up on top, but I can see how someone can fall for it in a hurry, especially with one passthrough unit being worth 100 mpoex shares (not 10!)...

The open market self-corrected this pretty quickly. As liquidity grows (we're now at 350000 shares), this will become less likely to happen.

James

It was a fat finger mistake, somebody dumped on mpex. Surprisingly how havelock is tightly coupled. Is there an API?

lightbox

full member

Activity: 212

Merit: 100

Quote from: niko on January 24, 2013, 04:23:58 PM

WARNING

Someone placed a bunch of buy orders which look reasonable, except they are shifted one decimal place (i.e., 0.0556 instead of 0.556). Curiously, order book was cleared on the buy side when this happened. Regular orders are now showing up on top, but I can see how someone can fall for it in a hurry, especially with one passthrough unit being worth 100 mpoex shares (not 10!)...

The open market self-corrected this pretty quickly. As liquidity grows (we're now at 350000 shares), this will become less likely to happen.

James

niko

hero member

Activity: 756

Merit: 501

There is more to Bitcoin than bitcoins.

WARNING

Someone placed a bunch of buy orders which look reasonable, except they are shifted one decimal place (i.e., 0.0556 instead of 0.556). Curiously, order book was cleared on the buy side when this happened. Regular orders are now showing up on top, but I can see how someone can fall for it in a hurry, especially with one passthrough unit being worth 100 mpoex shares (not 10!)...

Topic: [HAVELOCK] SDICE Passthru - page 2. (Read 3654 times)