evoorhees (OP)
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Activity: 1008
Merit: 1023
Democracy is the original 51% attack
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March 06, 2013, 02:48:15 PM |
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Yes it's true that SD could theoretically have a month of loss, and in fact I don't even think the odds are that bad. I would expect a month of loss at some point.
It is also possible that the house could go broke, but we've done significant work to make this extremely unlikely.
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smickles
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March 06, 2013, 03:15:17 PM |
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My suspicion is that MPEX is down so people don't pull money to cash out on the price hike.
mpex isn't down, just that url try http://mpex.coinbr.com or any of the other proxies
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EskimoBob
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Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
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March 06, 2013, 04:19:51 PM |
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wtf? One stock wunder-bazaar is down? Really? Maybe it's time to move s.dice to some other exchange and forget that pompous gypsy joker even existed? I'll invest, if you move Actually not. I had my fun with sdice shares.
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While reading what I wrote, use the most friendliest and relaxing voice in your head. BTW, Things in BTC bubble universes are getting ugly....
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dirksizzlebod
Newbie
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Activity: 40
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March 06, 2013, 04:39:11 PM |
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Congratulations, 90% of people who invested in S.DICE barely broke even or made a loss.
How do you work that out! The Mpex dividend was 0.00013242 per share, passthroughs 95% of that. The current bid on MPEx is 0.00350001. IPO was 0.0032 to 0.0037. I wasn't factoring in dividends, but many people brought it at 0.004s, 0.005s or even 0.008s. Regardless, looking at USD terms it's not that bad of an investment. People would have been much better off sticking with bitcoin. You eliminate all BTC appreciation with S.Dice.
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lebing
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Activity: 1288
Merit: 1000
Enabling the maximal migration
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March 06, 2013, 04:53:56 PM |
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Congratulations, 90% of people who invested in S.DICE barely broke even or made a loss.
How do you work that out! The Mpex dividend was 0.00013242 per share, passthroughs 95% of that. The current bid on MPEx is 0.00350001. IPO was 0.0032 to 0.0037. I wasn't factoring in dividends, but many people brought it at 0.004s, 0.005s or even 0.008s. Regardless, looking at USD terms it's not that bad of an investment. People would have been much better off sticking with bitcoin. You eliminate all BTC appreciation with S.Dice. Actually you dont. Its only late converters that are affected. Early adopting whales are still playing.
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Bro, do you even blockchain? -E Voorhees
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rini17
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March 06, 2013, 04:56:07 PM |
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MP just confirmed that mpex.co is under DDoS, but trading goes on normally whole day using proxies like: mpex.5gbfree.com mpex.host56.com mpex.coinbr.com If using pyMPEx , change the url in source code. As long as you verify the reply GPG signature (recent pyMPEx does), and make sure you got reply with different date/signature every time, you are 100% safe using proxies. My suspicion is that MPEX is down so people don't pull money to cash out on the price hike.
mpex isn't down, just that url try http://mpex.coinbr.com or any of the other proxies
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instaBoost
Member
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Activity: 84
Merit: 10
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March 06, 2013, 05:00:35 PM |
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Idk whats going on but i watched three of my bets lose and not even show up in recent transaction...
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Donations: 12wqXQuExLnWoWWQy7j35hzBEW91bUz1YS XRP: rDRho51t4StfNqEWrYKBAteJKyDeo5crZz
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romerun
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Activity: 1078
Merit: 1002
Bitcoin is new, makes sense to hodl.
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March 06, 2013, 06:18:06 PM |
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people are selling because btc/usd jumps ?
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thoughtfan
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March 06, 2013, 06:52:41 PM |
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people are selling because btc/usd jumps ?
I don't know. Nobody seems to be commenting on business-related reasons for the stock's diminishing popularity. As far as I can tell nothing major has changed to the way the business runs nor to its popularity with players since it was commonly traded in the high .007x. I see no reason to lose confidence and follow suit selling at what seems currently to be very low to me. I guess we'd need time with the usd/btc in the new range to see whether the influx of new money coming into bitcoin that took the exchange rate so high is reflected in a corresponding increase (relative to USD) in the amount bet on SD*? With as crude an instrument as watching the SD bets go by on blockchain.info I have no reason to believe it is different. dooglus's magnificent data and charts don't either give me reason for concern on that front. The recent losses don't tell us anything new so my only conclusion is SD investors may on the whole be a bit more fickle and SD considered as a less long-term-thinking reasoned investment compared say to other betting stocks on the stock market? It is not much more difficult to own SD shares than it is to play SD so thinking about it that way may generate lots of interest in part-ownership when stocks are on the rise and there's a buzz about it then when all the excitement is back on the usd/btc side with SD plodding along doing its thing with a few more losses than average and maybe it's simply losing interest. * Sorry, I didn't word that very well. What I'm wondering is if the amount bet in BTC can stay constant or increase despite the increase in exchange rate.
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MPOE-PR
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March 06, 2013, 08:04:16 PM |
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The current bid on MPEx is 0.00350001. IPO was 0.0032 to 0.0037. I wasn't factoring in dividends, but many people brought it at 0.004s, 0.005s or even 0.008s.
Regardless, looking at USD terms it's not that bad of an investment.
A total of 6,670,790 shares were sold this month alone, at an average price of 0.00588503 per share (39,257.82 BTC total). So, what are you talking about?
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MPOE-PR
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March 06, 2013, 08:08:57 PM |
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My suspicion is that MPEX is down so people don't pull money to cash out on the price hike.
MPEx wasn't down. The website (mpex.co) was inaccessible to some due to somebody trying to DDOS the service. As explained here that doesn't work, MPEx is immune to DDOS attacks. The people that had read that at the time, as well as the people who know that Bitcoin finance happens on #bitcoin-assets on Freenode were fine. The people that hadn't read it and stick to secondary / irrelevant venues were temporarily delayed. My suspicion is that MPEX is down so people don't pull money to cash out on the price hike.
Maybe mpex can ask bitcointalk forum how to run a forum with thousands of database queries and thousands of users and make it so it doesn't go down. This forum is down for about two to five hours every week. MPEx was never down (at all) since it was started - and that's in 2011. Get your facts straight, this sort of nonsense is offensive. wtf? One stock wunder-bazaar is down? Really?
No. people are selling because btc/usd jumps ?
Possibly some people want to realize profits. Also MPOE options saw major activity (we're talking ~40k+ BTC notional exposure these past 24 hours only - that's close to half of all MtGox trade or more than all the other exchanges combined) which perhaps required liquidity (it's unlikely that large players sold S.DICE to clear BTC, but it's probable they forewent buying any). I don't know. Nobody seems to be commenting on business-related reasons for the stock's diminishing popularity.
Well now, see above.
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Zebulon Pike
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March 06, 2013, 09:07:57 PM |
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I don't think anything that complicated fundamentally is taking place here. When the exchange rate was roughly flat or a slow increase, SDICE was a nice way to increase your BTC holdings, especially as it corresponded with the news reports about SDICE's earnings in 2012.
However, as the value of a bitcoin increases rapidly against the dollar, it is a bad idea to hold it in SDICE. I have lost 28 BTC (market value of over $1300 at today's price), in a couple of months, while getting dividends of 1.7 BTC. Had I simply held onto my bitcoins, those would be worth $2300, while instead my shares + dividends are worth $1000. Holding a stock denominated in BTC greatly increases your risk (stock price can go up or down, as well as the value of the BTC it's valued in), so it primarily makes sense in a stable exchange environment.
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🏰 TradeFortress 🏰
Bitcoin Veteran
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Activity: 1316
Merit: 1043
👻
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March 06, 2013, 09:10:11 PM |
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I don't think anything that complicated fundamentally is taking place here. When the exchange rate was roughly flat or a slow increase, SDICE was a nice way to increase your BTC holdings, especially as it corresponded with the news reports about SDICE's earnings in 2012.
However, as the value of a bitcoin increases rapidly against the dollar, it is a bad idea to hold it in SDICE. I have lost 28 BTC (market value of over $1300 at today's price), in a couple of months, while getting dividends of 1.7 BTC. Had I simply held onto my bitcoins, those would be worth $2300, while instead my shares + dividends are worth $1000. Holding a stock denominated in BTC greatly increases your risk (stock price can go up or down, as well as the value of the BTC it's valued in), so it primarily makes sense in a stable exchange environment.
+1. S.DICE will slowly increase back up after the storm settles.
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miscreanity
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Merit: 1005
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March 06, 2013, 10:40:02 PM |
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My suspicion is that MPEX is down so people don't pull money to cash out on the price hike.
My suspicion is that ianbakewell may be part of the DDoS. And MPEx is now redirecting to whitehouse.gov
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Monster Tent
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March 06, 2013, 10:44:47 PM |
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My suspicion is that MPEX is down so people don't pull money to cash out on the price hike.
My suspicion is that ianbakewell may be part of the DDoS. And MPEx is now redirecting to whitehouse.gov bahahahahahaha Thats what happens when you run your website out of some guys basement. I suggest sdice be moved to a more secure exchange.
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🏰 TradeFortress 🏰
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March 06, 2013, 10:52:56 PM |
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My suspicion is that MPEX is down so people don't pull money to cash out on the price hike.
My suspicion is that ianbakewell may be part of the DDoS. And MPEx is now redirecting to whitehouse.gov bahahahahahaha Thats what happens when you run your website out of some guys basement. I suggest sdice be moved to a more secure exchange. When did mpex get hacked?
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MPOE-PR
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March 06, 2013, 11:08:05 PM |
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My suspicion is that MPEX is down so people don't pull money to cash out on the price hike.
My suspicion is that ianbakewell may be part of the DDoS. And MPEx is now redirecting to whitehouse.gov bahahahahahaha Thats what happens when you run your website out of some guys basement. I suggest sdice be moved to a more secure exchange. When did mpex get hacked? The evil WH haxxors.
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Zebulon Pike
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March 06, 2013, 11:38:01 PM |
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Must have pissed off Anonymous somehow. Everyone knows that they are responsible for all hacks.
HACK THE PLANET
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Choadzilla
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March 07, 2013, 12:01:04 AM |
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Just people dealing with the problems of liquidity in this market... 30 BTC hit I'm going to wait another 30 days before I decide how I feel about it though
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BlackLilac Jordan
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March 07, 2013, 01:31:55 AM |
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Ouch, that sucks about the hack. I guess they have to change the big headline that says something like "The only Bitcoin service that hasn't been hacked" to "another Bitcoin service that has been hacked".
Hopefully they get it resolved soon.
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