Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32902.

phoenix1

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Quote from: Frozenlock on July 17, 2013, 08:30:07 PM

So, how are we going to refer to the ensuing price drop?

SatoshiDiceddon?

Correct me where I am wrong ...

1) Satoshi Dice has been bought out for a price in BTC ... deal done .... buyer must have the BTC to pay
2) BTC will be distributed to the previous shareholders, who presumably have faith in BTC or would not have invested
3) NO DEAL is ever secret, so if there were to be an influence on price we would have seen it already
4) The news is now in the public domain, and there has still been no price movement

Why should we expect any significant price movement now ? Why would ex shareholders dump their BTC now ?
I don't follow the bear logic on this

BTC distribution, yup, but why are they all suddenly sellers ?

Could it not be argued that it is bullish for BTC that a BTC based business has been bought out at such a price ?

These questions are entirely innocent ... I have no agenda here

solex

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100 satoshis -> ISO code

Quote from: Rampion on July 17, 2013, 08:28:52 PM

Quote from: solex on July 17, 2013, 08:24:25 PM

189 BTC proft in 1/2 month, so only 27 years to recover the investment. Then free money for the new owners. Woohoo!

Have you read the SD statystical analysis thread and looked at the monthly profit charts? Big losing strike from 9 to 14 July. Variance. And still BTC77,239.51 total profit so far. At the beginning of 2013, total profit was at aprox. BTC32,000.

Do the math and let me know again.

OK. But their business has fallen off substantially.
https://bitcointalksearch.org/topic/m.1716834
https://bitcointalksearch.org/topic/m.2624808
The Q2 profit is about 9,000. So 126/9 = 14 quarters or 3.5 years. Somewhat better if that can continue.

Voodah

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Quote from: notme on July 17, 2013, 08:41:00 PM

Quote from: Rampion on July 17, 2013, 08:37:01 PM

Quote from: Frozenlock on July 17, 2013, 08:30:07 PM

So, how are we going to refer to the ensuing price drop?

SatoshiDiceddon?

I really invite you check the SatoshiDice statistical analysis thread, you will see how incredible were the profits during the bubble inflation, people gambled like there was no tomorrow. Tens of k's of BTC profit per month.

If this buyout is true is probably the biggest investment ever in the Bitcoin economy, and its not pure speculation. Its big big news, guys.

ASICMiner is trading at a market cap of 172k BTC

AM has lots and lots and lots of sales, which I guess should account for that number.

Anyone know actual numbers on AM total sales?

Frozenlock

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Quote from: Rampion on July 17, 2013, 08:37:01 PM

Quote from: Frozenlock on July 17, 2013, 08:30:07 PM

So, how are we going to refer to the ensuing price drop?

SatoshiDiceddon?

I really invite you check the SatoshiDice statistical analysis thread, you will see how incredible were the profits during the bubble inflation, people gambled like there was no tomorrow. Tens of k's of BTC profit per month.

If this buyout is true is probably the biggest investment ever in the Bitcoin economy, and its not pure speculation. Its big big news, guys.

Sure, but at the same time you now have thousands of BTCs released in the wild.

I wouldn't be surprised if some of them were sold.

Voodah

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Quote from: Frozenlock on July 17, 2013, 08:30:07 PM

So, how are we going to refer to the ensuing price drop?

SatoshiDiceddon?

I predict new support points in the order book will be established based on the Satoshi bets.

Thus, I am detecting a winning pattern on this whole trading game and can guarantee buying opportunities coming up at 91, 85, 79, 73, 50, 48, 36, 24.

Get your fiat ready !

DISCLAIMER: These predictions have a 50% chance to succeed (1.9% house advantage).

notme

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Quote from: Rampion on July 17, 2013, 08:37:01 PM

Quote from: Frozenlock on July 17, 2013, 08:30:07 PM

So, how are we going to refer to the ensuing price drop?

SatoshiDiceddon?

I really invite you check the SatoshiDice statistical analysis thread, you will see how incredible were the profits during the bubble inflation, people gambled like there was no tomorrow. Tens of k's of BTC profit per month.

If this buyout is true is probably the biggest investment ever in the Bitcoin economy, and its not pure speculation. Its big big news, guys.

ASICMiner is trading at a market cap of 172k BTC

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: Frozenlock on July 17, 2013, 08:30:07 PM

So, how are we going to refer to the ensuing price drop?

SatoshiDiceddon?

I really invite you check the SatoshiDice statistical analysis thread, you will see how incredible were the profits during the bubble inflation, people gambled like there was no tomorrow. Tens of k's of BTC profit per month.

If this buyout is true is probably the biggest investment ever in the Bitcoin economy, and its not pure speculation. Its big big news, guys.

Frozenlock

sr. member

Activity: 434

Merit: 250

So, how are we going to refer to the ensuing price drop?

SatoshiDiceddon?

Rampion

legendary

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Merit: 1018

Quote from: solex on July 17, 2013, 08:24:25 PM

189 BTC proft in 1/2 month, so only 27 years to recover the investment. Then free money for the new owners. Woohoo!

Have you read the SD statystical analysis thread and looked at the monthly profit charts? Big losing strike from 9 to 14 July. Variance. And still BTC77,239.51 total profit so far. At the beginning of 2013, total profit was at aprox. BTC32,000.

Do the math and let me know again.

Frozenlock

sr. member

Activity: 434

Merit: 250

Quote from: solex on July 17, 2013, 08:24:25 PM

189 BTC proft in 1/2 month, so only 27 years to recover the investment. Then free money for the new owners. Woohoo!

Those who made that deal could become salesman for heat pumps! Cheesy

solex

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100 satoshis -> ISO code

189 BTC proft in 1/2 month, so only 27 years to recover the investment. Then free money for the new owners. Woohoo!

Rampion

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Quote from: N12 on July 17, 2013, 08:21:55 PM

Seems solid enough to be. Someone could calculate P/E ratios although I'm sure it's been done by people looking to buy shares in the past. Might well be worth 12 million USD at least.

Anyway, I don't think it that important to speculate on this rather than the effect of the BTC on the market.

Short term? down. But pretty excited for this news overall, if its an established casino it could be a global boost for BTC.

N12

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Seems solid enough to be. Someone could calculate P/E ratios although I'm sure it's been done by people looking to buy shares in the past. Might well be worth 12 million USD at least.

Anyway, I don't think it that important to speculate on this rather than the effect of the BTC on the market.

Rampion

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Rampion

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Quote from: Voodah on July 17, 2013, 08:13:03 PM

Quote from: N12 on July 17, 2013, 08:02:50 PM

Quote from: Spaceman_Spiff on July 17, 2013, 08:00:43 PM

Quote from: Frozenlock on July 17, 2013, 07:59:07 PM

350k BTC seems to be an insanely huge number. Huh

Fuck it, even 120k is an insanely huge number for a simple website like satoshi dice. That's 1% of all current bitcoins for a concept that anybody can copy Huh

I see it the same. For this reason, I'm beginning to favor this scenario: https://bitcointalksearch.org/topic/m.2751829

Still makes no sense.

120k btc = 12 million dollars for a simple website that can be developed for a tiny fraction of the cost, generates little to no revenue and currently stale, with lots of competition popping up.

If big casino owners know one thing, it's not to give money away. Something's fishy here.

Well, SD is the absolute market leader. 50% of the transactions on the blockchain are theirs. That has a value. But still I agree that 120k btc is crazy money, and 350k its pure madness (totally unbelievable IMO).

N12

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You think so? Brand and domain might have been worth it to them in addition to the code. Remember they are already generating profits. I don't know much of the gambling business however, and not of SatoshiDice either.

Voodah

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Quote from: N12 on July 17, 2013, 08:02:50 PM

Quote from: Spaceman_Spiff on July 17, 2013, 08:00:43 PM

Quote from: Frozenlock on July 17, 2013, 07:59:07 PM

350k BTC seems to be an insanely huge number. Huh

Fuck it, even 120k is an insanely huge number for a simple website like satoshi dice. That's 1% of all current bitcoins for a concept that anybody can copy Huh

I see it the same. For this reason, I'm beginning to favor this scenario: https://bitcointalksearch.org/topic/m.2751829

Still makes no sense.

120k btc = 12 million dollars for a simple website that can be developed for a tiny fraction of the cost, generates little to no revenue and currently stale, with lots of competition popping up.

If big casino owners know one thing, it's not to give money away. Something's fishy here.

CMMPro

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I've kept some fiat ready for the next drop....if it has to come, we will persist.

N12

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Quote from: JimboToronto on July 17, 2013, 08:08:19 PM

Yes, there will probably be some dip, but not enough to say goodbye to $100 for more than a few days.

Just a few months.

I'm afraid many people are in severe denial about the effects of this. I'll be enjoying the "cheap bitcoins!" screams soon. Cheesy

Rampion

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Quote from: N12 on July 17, 2013, 08:02:50 PM

Quote from: Spaceman_Spiff on July 17, 2013, 08:00:43 PM

Quote from: Frozenlock on July 17, 2013, 07:59:07 PM

350k BTC seems to be an insanely huge number. Huh

Fuck it, even 120k is an insanely huge number for a simple website like satoshi dice. That's 1% of all current bitcoins for a concept that anybody can copy Huh

I see it the same. For this reason, I'm beginning to favor this scenario: https://bitcointalksearch.org/topic/m.2751829

The buyer may well be an established online casino. That would be actually good news, SD needs some big improvement.

Its also possible they have been accumulating, the BTC sum they need is big.

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