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

[Deprived]

More likely its whoever bought up the big chunk at .0062 trying to sell off at a 3% profit.  THINK they were earlier listed in the high .007x range.

[fydel]

700,000 wall. are people panic selling?

+1

Did not try to ask. But who/what is this wall?
I would like to invest, but this is kind of strange.

[Peter Lambert]

700,000 wall. are people panic selling?

If there is a wall then they are not panic selling. Panic selling would be selling those shares down into whatever asks are standing.

[Ukyo]

Probably just someone who bought in cheap and wants to get some BTC and cash out afraid the $30+ price is gonna fall.

[ThickAsThieves]

Maybe it's someone trying to hold down the price of SDICE so they can buy more up.

[🏰 TradeFortress 🏰]

100 000 000 * .006 = 600 000 * 30 = 18 000 000

Probably one of the bigger investors has decided that S.DICE is not worth $18 million USD and has decided to take some profit.

Rapid BTC price gain combined with the deluge of new shares Erik dumped on us means that the average person will probably realize a BTC loss.
But eh, those BTC are worth more $ now, so if you invested $ using BTC as the conduit, you are still up... just wait for a usagi type to come defend S.DICE as a great investment and explain it.

Unless you're someone who brought at 0.0044

[GeoRW]

the big whale from last month who spent a lot of coins on S.DICE has disappeared, so profitability will probably go downwards. To sell at 0.6 is a great deal for someone who bought at IPO prices.

[🏰 TradeFortress 🏰]

the big whale from last month who spent a lot of coins on S.DICE has disappeared, so profitability will probably go downwards. To sell at 0.6 is a great deal for someone who bought at IPO prices.

Betting / profit has picked up... always does when a chunk of shares need to be moved.

Profit went up about 10%... Not some massive jump.

[MPOE-PR]

When this was being listed I thought the shares were highly over valued and this was a bad investment. However it seems that demand for this game is as high as ever and the copy cats are not taking much of the market share. If this keeps up this will have been a great investment.

Inasmuch as most shares were originally bought at 30-35 and the price has been over 60 for months now it already has been a great investment.

if you have shares sitting unsold on mpex, do you still get dividends on them?

Absolutely. You get dividends for all shares you hold, be they in your account or on the book. As long as they're yours you get dividends.

if you buy on the last day of the month, do you get the dividends for the entire month? couldn't someone just buy on the last day of the month, get dividends and sell the shares the next day repeatedly?

Yes, they could.

Oh hi Tradefortress.

700,000 wall. are people panic selling?

Happens all the time.

700,000 wall. are people panic selling?

+1

Did not try to ask. But who/what is this wall?
I would like to invest, but this is kind of strange.

Many people own shares you know.

700,000 wall. are people panic selling?

If there is a wall then they are not panic selling. Panic selling would be selling those shares down into whatever asks are standing.

Which, for the record, happened at least a couple of times, 1 mn shares were notably sold at market a coupla months back taking the price as low as 8 for a couple of hours.

the big whale from last month who spent a lot of coins on S.DICE has disappeared, so profitability will probably go downwards. To sell at 0.6 is a great deal for someone who bought at IPO prices.

Betting / profit has picked up... always does when a chunk of shares need to be moved.

Let's say there's 50-50 odds of someone selling or someone buying, let's say there's 50-50 odds of profit rising or dropping. If you work out the math, half the time profits will be going up when someone's selling or down when someone's buying or whatever. Things happen you know?

[🏰 TradeFortress 🏰]

Oh hi Tradefortress.

Oh hi, stopped with the trolling now?

[MPOE-PR]

Using that logic Novacoin (for people who do not know it is some alt premined scam coin but is up like 80,000%) has been a much much better investment.

All I am saying is the amount of bitcoin being poured into SDice is much higher than I ever expected. IF this keeps up in a few years this would have been a good investment.

I never was looking at short term or pump and dump stuff...

The difference, of course, would be that S.DICE has traded worth northwards of 50k BTC at the present price levels, whereas the entire net worth of the scamcoin you use as an example may be 1/10th of that if anyone actually took the prices currently on offer (and nobody does).

In short, 100 tons of bread that have already sold at 2 dollars a loaf is not something to be compared with 1000 tons of worthless paper waiting to be sold at 50 cents a wad. Not even close, not the same ballpark.

Also, seeing how your average involvement with Bitcoin in between disappearances is less than "a few years" at a time, I think it's very unlikely you'll ever meet the goalpost you propose. Not because of S.DICE, but because you'll have in the interim involved yourself in who knows what other scam a la pirate and felt the need to take another break.

You're the only short term thing in this discussion. Remarkable that you'd have the cheek to lie baldfaced like that tho, "I don't go for pump and dump" bs - the consummate scammers working at equivocating between the real article and their crap. It doesn't wash.

[🏰 TradeFortress 🏰]

Using that logic Novacoin (for people who do not know it is some alt premined scam coin but is up like 80,000%) has been a much much better investment.

All I am saying is the amount of bitcoin being poured into SDice is much higher than I ever expected. IF this keeps up in a few years this would have been a good investment.

I never was looking at short term or pump and dump stuff...

The difference, of course, would be that S.DICE has traded worth northwards of 50k BTC at the present price levels, whereas the entire net worth of the scamcoin you use as an example may be 1/10th of that if anyone actually took the prices currently on offer (and nobody does).

In short, 100 tons of bread that have already sold at 2 dollars a loaf is not something to be compared with 1000 tons of worthless paper waiting to be sold at 50 cents a wad. Not even close, not the same ballpark.

Also, seeing how your average involvement with Bitcoin in between disappearances is less than "a few years" at a time, I think it's very unlikely you'll ever meet the goalpost you propose. Not because of S.DICE, but because you'll have in the interim involved yourself in who knows what other scam a la pirate and felt the need to take another break.

You're the only short term thing in this discussion. Remarkable that you'd have the cheek to lie baldfaced like that tho, "I don't go for pump and dump" bs - the consummate scammers working at equivocating between the real article and their crap. It doesn't wash.

There is no way you know what the future will bring. s.dice might get shut down tomorrow by the feds for running an illegal gambling site. mpex might get shut down for something like this. it is not a fact that everyone has made money on this or will. that MIGHT happen but we are a long way off from knowing that.

it is yet to be seen if this is sound or like the pump and dump scam coin.

That is the risk with trading unregulated securities of an online gambling site on an unregistered securities exchange..

[zkay]

Eagerly awaiting next month's dividend payout..

[kingcrimson]

so dollar wise this is another record month right?

[dooglus]

so dollar wise this is another record month right?

By my calculations the profit went up from 53343.121178 to 66676.3674579 this month, a gain of 13333.2462799 BTC.

At $33.50/BTC that's $446663 for the month.

That's a lot of 333's and 666's.

Oh, and to answer your question, last month was something like 20021.263926 BTC * 20.6 $/BTC = $412438.

So yes.

[StarenseN]

Record month broken without - edit: almost - no whales, that's very promising.

[vampire]

so dollar wise this is another record month right?

By my calculations the profit went up from 53343.121178 to 66676.3674579 this month, a gain of 13333.2462799 BTC.

At $33.50/BTC that's $446663 for the month.

That's a lot of 333's and 666's.

Oh, and to answer your question, last month was something like 20021.263926 BTC * 20.6 $/BTC = $412438.

So yes.

So about 13333 worth of dividends... :-( Less than the last month.. Who cares about $$$.

[wtfvanity]

So about 13333 worth of dividends... :-( Less than the last month.. Who cares about $$$.

I think just about every single person that is invested in SDICE cares about the $$$... There was a net increase in profitability. BTC doubled in value, so actual BTC went down and that makes you sad?

[vampire]

So about 13333 worth of dividends... :-( Less than the last month.. Who cares about $$$.

I think just about every single person that is invested in SDICE cares about the $$$... There was a net increase in profitability. BTC doubled in value, so actual BTC went down and that makes you sad?

Well I don't keep myself update with exchange rates :-) I have only 1500 shares, so not enough BTC for me :-(
   

[kokojie]

so dollar wise this is another record month right?

By my calculations the profit went up from 53343.121178 to 66676.3674579 this month, a gain of 13333.2462799 BTC.

At $33.50/BTC that's $446663 for the month.

That's a lot of 333's and 666's.

Oh, and to answer your question, last month was something like 20021.263926 BTC * 20.6 $/BTC = $412438.

So yes.

That's pretty impressive considering February only has 28 days vs 31 days in January