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

[ThickAsThieves]

If the market can be moved that heavily with seemingly not a whole lot of effort, what's to stop a person or group of people with a big enough bankroll from putting up bogus bids/asks and slowly stepping the market price up to a certain point, then cashing out? Is this what is referred to as a "pump and dump"?

Thank you all for humoring me.

Dividends keep it grounded.

[Deprived]

If the market can be moved that heavily with seemingly not a whole lot of effort, what's to stop a person or group of people with a big enough bankroll from putting up bogus bids/asks and slowly stepping the market price up to a certain point, then cashing out? Is this what is referred to as a "pump and dump"?

Thank you all for humoring me.

The cashing out would be the hard part - you can make the market price move up just by spending cash.  But you can't make people put up bids - and there's usually very few bids up.  And as you're seeing right now, as soon as someone starts selling, the buyers all stop putting up bids.

And yes - that would be a pump and dump attempt.

[zkay]

If the market can be moved that heavily with seemingly not a whole lot of effort, what's to stop a person or group of people with a big enough bankroll from putting up bogus bids/asks and slowly stepping the market price up to a certain point, then cashing out? Is this what is referred to as a "pump and dump"?

Thank you all for humoring me.

The cashing out would be the hard part - you can make the market price move up just by spending cash.  But you can't make people put up bids - and there's usually very few bids up.  And as you're seeing right now, as soon as someone starts selling, the buyers all stop putting up bids.

And yes - that would be a pump and dump attempt.

Why is the market so illiquid? in other words, why do buyers not appear even when shares are being offered at discounted prices? Isn't that bearish for S.DICE overall, if no one will allow the price to rise by buying into rallies?

[Deprived]

If the market can be moved that heavily with seemingly not a whole lot of effort, what's to stop a person or group of people with a big enough bankroll from putting up bogus bids/asks and slowly stepping the market price up to a certain point, then cashing out? Is this what is referred to as a "pump and dump"?

Thank you all for humoring me.

The cashing out would be the hard part - you can make the market price move up just by spending cash.  But you can't make people put up bids - and there's usually very few bids up.  And as you're seeing right now, as soon as someone starts selling, the buyers all stop putting up bids.

And yes - that would be a pump and dump attempt.

Why is the market so illiquid? in other words, why do buyers not appear even when shares are being offered at discounted prices? Isn't that bearish for S.DICE overall, if no one will allow the price to rise by buying into rallies?

If the seller put his shares up in an Ask wall at .005 then I expect they wouldn't last too long (though this time of night they may as probably not too many around).  But consider it from the perspective of a buyer who wouldn't mind buying at .005 but hasn't any great need too.  If they put up a bid at .005 then there's a few bad (by which I mean sub-optimal) things that happen:

1)  They get outbid - and the price rises meaning they miss the chance to buy at .005 at all.
2) Seller slams his shares up in a sell wall BELOW .005 and they buy at .005 when everyone gets theirs cheaper.

The seller's shown he isn't willing to wait to sell at a higher price so there's no reason for buyers to be impatient.  Let him put his shares up, underbid with small asks to see if he can be persuaded to go lower and only buy if/when it looks like his wall is going to get cleaned out.  The goal isn't to buy shares, it's to buy them as cheaply as possible.  If he'll fill a bid at .005 then why not wait and see if he'll go even lower?  If he won't fill a bid at .005 then you gain nothing by putting up a bid - as it won't get filled anyway.

Not all securities work like this - S.DICE is especially good for panicky sellers and lower liquidity.

[navigator]

Could this be related to any selloff today?
https://bitcointalk.org/index.php?topic=148184.0;all

[🏰 TradeFortress 🏰]

Could this be related to any selloff today?
https://bitcointalk.org/index.php?topic=148184.0;all

That's bitfunder PTs, and DT hasn't being online to transfer it to MPEx so no.

[kokojie]

If the market can be moved that heavily with seemingly not a whole lot of effort, what's to stop a person or group of people with a big enough bankroll from putting up bogus bids/asks and slowly stepping the market price up to a certain point, then cashing out? Is this what is referred to as a "pump and dump"?

Thank you all for humoring me.

The cashing out would be the hard part - you can make the market price move up just by spending cash.  But you can't make people put up bids - and there's usually very few bids up.  And as you're seeing right now, as soon as someone starts selling, the buyers all stop putting up bids.

And yes - that would be a pump and dump attempt.

Why is the market so illiquid? in other words, why do buyers not appear even when shares are being offered at discounted prices? Isn't that bearish for S.DICE overall, if no one will allow the price to rise by buying into rallies?

Because recently Bitcoin price is constantly rising, so the bid side is very difficult(asset value is constant, but underlying currency's value keep going up, so it's better to just hold the currency), you have to monitor your orders 24/7, otherwise a 20% run up in BTC price will make your bid order a joke. Therefore many people, including me simply don't put any bid up, or put them very low.

[DeaDTerra]

Could this be related to any selloff today?
https://bitcointalk.org/index.php?topic=148184.0;all

That's bitfunder PTs, and DT hasn't being online to transfer it to MPEx so no.

I am now back from my holiday
I am working my way through the back log of work, I should be up to scratch in a couple of hours!
//DeaDTerra

[EskimoBob]

Could this be related to any selloff today?
https://bitcointalk.org/index.php?topic=148184.0;all

That's bitfunder PTs, and DT hasn't being online to transfer it to MPEx so no.

I wonder, has he sold those 30K shares. Problem is, that gypsy lunatics one stock wunder-bazaar bid side is sooo thin, it will push the price to low 0.002 or evens 10's.
If this happens, ianbakewell's short-sell will backfire an the coin he actually gets is way less he probably needs/wants/expects.
If there are no fundamental reasons for S.DICE to trade in low 20's, he will have really hard time getting the shares back because his buy orders will push all those hysterical 10 share trading bots to overdrive and ... you know the rest.
I guess he has to sell when the whales swim to the surface to fart but this is usually signals a share dump by a man in a funny hat and mask. He will make sure you all have enough shares for a while
Is 0.001-0.002 range a correct price for S.DICE? Why not?

[zkay]

If the market can be moved that heavily with seemingly not a whole lot of effort, what's to stop a person or group of people with a big enough bankroll from putting up bogus bids/asks and slowly stepping the market price up to a certain point, then cashing out? Is this what is referred to as a "pump and dump"?

Thank you all for humoring me.

The cashing out would be the hard part - you can make the market price move up just by spending cash.  But you can't make people put up bids - and there's usually very few bids up.  And as you're seeing right now, as soon as someone starts selling, the buyers all stop putting up bids.

And yes - that would be a pump and dump attempt.

Why is the market so illiquid? in other words, why do buyers not appear even when shares are being offered at discounted prices? Isn't that bearish for S.DICE overall, if no one will allow the price to rise by buying into rallies?

Because recently Bitcoin price is constantly rising, so the bid side is very difficult(asset value is constant, but underlying currency's value keep going up, so it's better to just hold the currency), you have to monitor your orders 24/7, otherwise a 20% run up in BTC price will make your bid order a joke. Therefore many people, including me simply don't put any bid up, or put them very low.

Even considering it pays a dividend? I would think the dividend being paid out would be incentive enough to buy. You are constantly getting BTC for holding.

[kingcrimson]

so if I understand correctly, these asks are just there to push the price down so that those in a rush to sell have to go low? It is one guy manipulating everything?

[wisard]

Could this be related to any selloff today?
https://bitcointalk.org/index.php?topic=148184.0;all

That's bitfunder PTs, and DT hasn't being online to transfer it to MPEx so no.

I wonder, has he sold those 30K shares. Problem is, that gypsy lunatics one stock wunder-bazaar bid side is sooo thin, it will push the price to low 0.002 or evens 10's.
If this happens, ianbakewell's short-sell will backfire an the coin he actually gets is way less he probably needs/wants/expects.
If there are no fundamental reasons for S.DICE to trade in low 20's, he will have really hard time getting the shares back because his buy orders will push all those hysterical 10 share trading bots to overdrive and ... you know the rest.
I guess he has to sell when the whales swim to the surface to fart but this is usually signals a share dump by a man in a funny hat and mask. He will make sure you all have enough shares for a while
Is 0.001-0.002 range a correct price for S.DICE? Why not?

33,500+ shares were traded on bitfunder pass through in the past 48 hours. The price hasn't been extremely volatile - either on the bid side or the ask side.
Dumping shares would be retarded and loss making for ianbakewell. But with a little bit of patience and observance, he could make a decent profit selling and buying back 30,000 shares over the next 45 days.

[zkay]

Could this be related to any selloff today?
https://bitcointalk.org/index.php?topic=148184.0;all

That's bitfunder PTs, and DT hasn't being online to transfer it to MPEx so no.

I wonder, has he sold those 30K shares. Problem is, that gypsy lunatics one stock wunder-bazaar bid side is sooo thin, it will push the price to low 0.002 or evens 10's.
If this happens, ianbakewell's short-sell will backfire an the coin he actually gets is way less he probably needs/wants/expects.
If there are no fundamental reasons for S.DICE to trade in low 20's, he will have really hard time getting the shares back because his buy orders will push all those hysterical 10 share trading bots to overdrive and ... you know the rest.
I guess he has to sell when the whales swim to the surface to fart but this is usually signals a share dump by a man in a funny hat and mask. He will make sure you all have enough shares for a while
Is 0.001-0.002 range a correct price for S.DICE? Why not?

33,500+ shares were traded on bitfunder pass through in the past 48 hours. The price hasn't been extremely volatile - either on the bid side or the ask side.
Dumping shares would be retarded and loss making for ianbakewell. But with a little bit of patience and observance, he could make a decent profit selling and buying back 30,000 shares over the next 45 days.

For both our sakes I hope you're right and the asks start getting cleared out.

[dirksizzlebod]

Dude, where the $$#$ is my dividend?

[zkay]

Dude, where the $$#$ is my dividend?

CoinBR is on it, seems the dividends go out the 5th of every month at the latest.

https://www.bitcoinforum.com/coinbr-com/s-dice-dividends

Hope I eased some fears.

[zkay]

Any more speculation on the dividends for this month? Doog in the technical analysis thread made an educated guess in the range of 0.0001xx per share.

[maximian]

Dividends should be around 0.00013 BTC per share.

[rini17]

Dude, where the $$#$ is my dividend?

CoinBR is on it, seems the dividends go out the 5th of every month at the latest.

https://www.bitcoinforum.com/coinbr-com/s-dice-dividends

Hope I eased some fears.

Just to clarify, it's not dependent on CoinBr as we're just MPEx interface. Like everyone else, CoinBr is waiting for evoorhees to pay out via MPEx. SatoshiDice MPEx contract says they're obliged to do so till March 5.

[evoorhees]

Dude, where the $$#$ is my dividend?

Good question!

Sorry for the delay this month. I'm currently travelling with spotty internet access. I moved some funds into MPEX today and will be sending the dividend out within 24 hrs.

Total dividend on mpex will be about 1721 BTC

Thanks for your patience.

[sunnankar]

Good question!

Sorry for the delay this month. I'm currently travelling with spotty internet access. I moved some funds into MPEX today and will be sending the dividend out within 24 hrs.

Seconded. This Internet access is atrocious but at least there are giant yellow sharks in blue suits. Bitcoin users affected