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

[RationalSpeculator]

7) From the fact of the price never coming near what it was before a few weeks back when a whole new tranche of shares were sold cheap I'd guess there's still a significant number of shares in the hands of those who at the time bought more than they'd intended to long term with the intention of making a quick buck on the way back up who are now holding something that cost them more than they could currently sell it fo (me, me ) ;

That is a good explanation. That would explain why people are dumping them today. Bought too many, couldn't sell for a profit, but must sell for a loss as the coins/fiat was only temporarily available?

Thanks, that seems a rational explanation why they are so undervalued. Basically a big shareholder selling a lot of shares, still being felt today.

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[RationalSpeculator]

How about, SDICE is low because profit is down this month again?

Bitcoin dividends are a large part of asset value.

Ofcourse bitcoin earnings vary wildly on a month to month basis since it's a gambling website. That is why it is best to look at the average earnings from say the last 5 months. Those have been steadily going up, and not a little.

[thoughtfan]

Even if you exclude wales...

Do you mean by that to exclude the Welsh?!!!
Hey, that's me!  Enough with this bias already 

[thoughtfan]

How about, SDICE is low because profit is down this month again?

Bitcoin dividends are a large part of asset value.

This is RS's point #3.  Maybe this has a disproportionate effect because my guess is a significant proportion of S.Dice holders are also SD players and gamblers tend to read stuff into short term results and act accordingly.

[thoughtfan]

Oh darn, I'm no good at this tactical posting...

What I should be saying is 'It's because S.D. is up the spout and all this new legislation is going to hammer the price and close it down and therefore everybody should sell now'....

...at least until my buy order has been filled 

[MPOE-PR]

7) From the fact of the price never coming near what it was before a few weeks back when a whole new tranche of shares were sold cheap I'd guess there's still a significant number of shares in the hands of those who at the time bought more than they'd intended to long term with the intention of making a quick buck on the way back up who are now holding something that cost them more than they could currently sell it fo (me, me ) ;

That is a good explanation. That would explain why people are dumping them today. Bought too many, couldn't sell for a profit, but must sell for a loss as the coins/fiat was only temporarily available?

Thanks, that seems a rational explanation why they are so undervalued. Basically a big shareholder selling a lot of shares, still being felt today.

Of course this dumping you're speaking of is happening on dismal volume. S.DICE saw 10k+ days. It's moved from 70ish to 30ish over maybe 1k BTC total. The most probable explanation is that the large holders are just ignoring the panic, and the small timers are working themselves into a tizzy. Which is how markets work irl too, large fish will swallow the small one much more often than the other way around.

[herzmeister]

guess you could say that S.DICE is some kind of hedge against BTC value not rising fast enough. 

[🏰 TradeFortress 🏰]

guess you could say that S.DICE is some kind of hedge against BTC value not rising fast enough. 

Not really.

[Peter Lambert]

How about, SDICE is low because profit is down this month again?

Bitcoin dividends are a large part of asset value.

Most bitcoin 'investors' can't see more than 2 days beyond the next payday. 

Considering how many people were drawn in by the 7% per week scam a few months ago, I agree many are shortsighted.

[RationalSpeculator]

guess you could say that S.DICE is some kind of hedge against BTC value not rising fast enough. 

That is true, sdice has gone up when btc prices were not doing much or going up slowly (2012).

But indeed once bitcoin prices went hyperbolic sdice was not the place to be as it just stagnates in fiat value (2013).

The question for me is, what will sdice do when bitcoin prices fall?

btc = up a little -> sdice up a lot
btc = up a lot -> sdice up a little
btc = down a lot -> sdice down a little ?
btc = down a little -> sdice down a lot ?

[superbit]

Someone hit the less then 1 again.  There goes this months profits.

[lebing]

Someone hit the less then 1 again.  There goes this months profits.

less than 1?

[zx9r]

Someone hit the less then 1 again.  There goes this months profits.

and the bet amount ?

[Carnth]

less than 1?

Yes. Less than one = Lucky number 0

and the bet amount ?

0.03 * 64000 = BTC1920 won.

http://www.satoshidice.com/full.php?tx=d602ad09f967f11d50fcb2f98df8d001a812ce4965d6e69340f8961aeb32f27c

[wtfvanity]

less than 1?

Yes. Less than one = Lucky number 0

I think they were pointing out that it is "less than 1" not "less then 1". This is bitcointalk. Anyone is encouraged to spell there their they're, you're your, then than incorrectly as much as possible.

[zx9r]

0.03 * 64000 = BTC1920 won.

http://www.satoshidice.com/full.php?tx=d602ad09f967f11d50fcb2f98df8d001a812ce4965d6e69340f8961aeb32f27c

OMG

[wachtwoord]

Is it not paid yet after 48 confirmations?

[FTWbitcoinFTW]

Manual verification/payment for such a big sum i guess

[🏰 TradeFortress 🏰]

Ouch, S.DICE might have to increase their house edge if this unlucky streak continues

[Peter Lambert]

0.03 * 64000 = BTC1920 won.

http://www.satoshidice.com/full.php?tx=d602ad09f967f11d50fcb2f98df8d001a812ce4965d6e69340f8961aeb32f27c

OMG

Expect share price to drop in the near future as people who can only see one month out jump ship.