Review of S.DICE - page 4. | Bitcointalksearch.org

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Quote from: adamstgBit on January 24, 2013, 11:09:52 PM

Quote from: ianbakewell on January 24, 2013, 09:31:59 PM

Even with the BTC price rally (now reversing) how low does the share price need to get for it to be "worth buying" to you?

5BTC / 1000

holy shit S.DICE droped to 0.8BTC / 1000 a few hours ago

ok i'll buy at 2BTC / 1000

Adam, the 0.8 selloff was almost certainly due to a typo. That guy lost a lot of BTC selling way below the market price at the time.

The selloff and the hypothesis to how the mistake was made are documented in this chat log:
http://polimedia.us/trilema/2013/marketplace-excitement-with-expert-commentary-for-your-vicarious-trading-pleasure/

adamstgBit

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Quote from: ianbakewell on January 24, 2013, 09:31:59 PM

Quote from: adamstgBit on January 23, 2013, 04:56:32 PM

its not "worth buying" at these prices.
the IPO was kinda over priced too.
as bitcoin bubbles up, it will be less and less worth it.

sunnankar made the argument in the beginning of this thread that shares are worth .0075

Now a few days are left in the month still for the whales to win it back... but it looks like satoshiDICE is going to have another great month.

Quote from: dooglus on January 24, 2013, 05:04:25 PM

Even with the BTC price rally (now reversing) how low does the share price need to get for it to be "worth buying" to you?

5BTC / 1000

holy shit S.DICE droped to 0.8BTC / 1000 a few hours ago

ok i'll buy at 2BTC / 1000

adamstgBit

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Quote from: Peter Lambert on January 24, 2013, 06:01:55 PM

Quote from: adamstgBit on January 24, 2013, 05:53:07 PM

Quote from: Peter Lambert on January 24, 2013, 05:04:15 PM

Quote from: CurbsideProphet on January 24, 2013, 04:59:35 PM

If nothing fundamentally changes other than an influx of new stock, the share price will decline. If it's worth buying then buyers would already be bidding up the current price. The current share price is the meeting of the CURRENT supply and demand. If you increase the supply side, the price will go down without additional demand. Current demand is already priced into the share price so like I said, unless there is a fundamental change to drive demand, increased supply will result in a lower share price.

Ah, but that is where the supply and demand "at a certain price" comes in. It may be worth buying at 0.005 btc/share, but not as good a deal at 0.0055 btc/share, so people do not bid up the price. But if somebody comes along ad sells more shares, that does not change the calculation of whether it is worth buying at 0.005 so people will continue buying the shares.

its not "worth buying" at these prices.
the IPO was kinda over priced too.
as bitcoin bubbles up, it will be less and less worth it.

SatoshiDice does business in bitcoins, so having the exchange rate go up is actually good for this stock.
Obviously a large number of people did not think the IPO was overpriced, since they bought up the shares.

SatoshiDice is doing much better than my 401k, I wish there was an easy way to move some of the money over without having to pay lots of money in withdrawal fees and taxes.

I'm not saying S.DICE is toxic, its good shit! and because of this its in a little bit of a bubble ATM, price should fall to more reasonable levels soon enough.

I hope!

in any case I'm not going to cover my S.DICE short at a loss, i might do that for bitcoin but that's different

Peter Lambert

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It's all fun and games until somebody loses an eye

Quote from: adamstgBit on January 24, 2013, 05:53:07 PM

Quote from: Peter Lambert on January 24, 2013, 05:04:15 PM

Quote from: CurbsideProphet on January 24, 2013, 04:59:35 PM

If nothing fundamentally changes other than an influx of new stock, the share price will decline. If it's worth buying then buyers would already be bidding up the current price. The current share price is the meeting of the CURRENT supply and demand. If you increase the supply side, the price will go down without additional demand. Current demand is already priced into the share price so like I said, unless there is a fundamental change to drive demand, increased supply will result in a lower share price.

Ah, but that is where the supply and demand "at a certain price" comes in. It may be worth buying at 0.005 btc/share, but not as good a deal at 0.0055 btc/share, so people do not bid up the price. But if somebody comes along ad sells more shares, that does not change the calculation of whether it is worth buying at 0.005 so people will continue buying the shares.

its not "worth buying" at these prices.
the IPO was kinda over priced too.
as bitcoin bubbles up, it will be less and less worth it.

SatoshiDice does business in bitcoins, so having the exchange rate go up is actually good for this stock.
Obviously a large number of people did not think the IPO was overpriced, since they bought up the shares.

SatoshiDice is doing much better than my 401k, I wish there was an easy way to move some of the money over without having to pay lots of money in withdrawal fees and taxes.

adamstgBit

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Quote from: Peter Lambert on January 24, 2013, 05:04:15 PM

Quote from: CurbsideProphet on January 24, 2013, 04:59:35 PM

Quote from: Peter Lambert on January 24, 2013, 04:50:59 PM

Quote from: CurbsideProphet on January 24, 2013, 04:26:38 PM

Quote from: Peter Lambert on January 23, 2013, 10:24:50 PM

Quote from: CurbsideProphet on January 23, 2013, 06:26:49 PM

Quote from: Peter Lambert on January 23, 2013, 06:02:25 PM

Quote from: adamstgBit on January 23, 2013, 04:56:32 PM

hype, and its over valued because it seen as the only worthwhile bitcoin investment, i think soon many new IPOs will come out, and people will sell their over bought S.DICE to diversify into these new opportunists.

also at anytime 10million more S.DICE units can be injected into the market Kiss

and think about it... S.DICE gets really unlucky one month, that means some big players got lucky, these big players quit while they are ahead, and S.DICE goes under.

its not a sure bet that's for sure...

Why do you think another 10 million shares injected would crash the price? If it is a good investment at the current price for the 1st 10% of the company, why wouldn't it be a good investment for the second 10% of the company?

Because it's supply and demand. If you double the supply without increasing the demand, the price will go down.

I think there should be a "at a certain price" somewhere in there. If evoorhees puts up a sell order of 10 million shares at the current price, that would not affect the amount of dividends I get from my shares next month.

I don't need to qualify anything. He's talking about share price, not dividends. They are two entirely different things.

Right, share price. If evoorhees puts up a sell order for a million shares, that would not necessarily drop the price of the stock. If it is worth buying, then if more share go up for sale there will just be more people buying shares.