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Author Topic: why this rally?  (Read 3027 times)
Bitobsessed
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January 18, 2013, 04:19:23 PM
 #21

You'd do well to buy shares of Satoshi dice. Think of it as an investment of an investment. Bitcoins grew in value, and Satoshi dice did too. From 0.0048 - 0.006 now. That's a nice increase.

Indeed. 80% ROI in less 2 weeks but what's the next step Smiley

I would buy some shares of SD if it was not so difficult.
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January 18, 2013, 04:59:26 PM
 #22

You'd do well to buy shares of Satoshi dice. Think of it as an investment of an investment. Bitcoins grew in value, and Satoshi dice did too. From 0.0048 - 0.006 now. That's a nice increase.

Indeed. 80% ROI in less 2 weeks but what's the next step Smiley

I would buy some shares of SD if it was not so difficult.

Bitobsessed, it's actually quite easy if you're not oppossed to using a passthru fund like havelockinvestments.com. Deposit coins, purchase shares. Done.
Desolator
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January 18, 2013, 04:59:49 PM
 #23

This seems obvious to me. The supply of BTC dropped from 50 to 25 per block and we're seeing the natural effects of less BTC supply.  It stalled for a while but a higher price has to kick in eventually. There was a delay because hoarders and long term investors might see $14.50 off of $12 for the longest time and say "hey, time to sell for a big profit" but eventually they run out of BTC that they're willing to sell so the supply side halving will catch up eventually.  That's what's starting to happen.
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January 18, 2013, 05:02:28 PM
 #24

You'd do well to buy shares of Satoshi dice. Think of it as an investment of an investment. Bitcoins grew in value, and Satoshi dice did too. From 0.0048 - 0.006 now. That's a nice increase.

Indeed. 80% ROI in less 2 weeks but what's the next step Smiley

I would buy some shares of SD if it was not so difficult.

you can!

just go to https://www.havelockinvestments.com/index.php

they have a S.DICE market, the shares on their market are convertible to MPEX i think

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January 18, 2013, 06:12:53 PM
 #25

Its behaving as I expected.  The blockchain halving event won't put significant pressure on the price for for some time -- there are just too few coins involved relative to the daily txn size on Mt Gox.  However if we assume that the # of coins being sequestered (i.e. taken off the exchange either for long term investment or private exchange use) remains roughly the same then there will clearly be a slight shift to the demand side.  But this shift is easily met by speculators taking profits since the price remains pretty good.  The result is that a week to a few months from now you end up with a LOT of speculative fiat on the exchanges and so some good news will trigger a cascade of momentum buying :-).  The longer the price hangs around at this level (or slowly rises) the bigger the final pop.
finkleshnorts
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January 18, 2013, 06:22:45 PM
 #26

I just keep siphoning off the increase to pay bills, it's awesome. I've been living almost exclusively off bitcoin savings since october.
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January 18, 2013, 06:23:43 PM
 #27

I just keep siphoning off the increase to pay bills, it's awesome. I've been living almost exclusively off bitcoin savings since october.

that's actually a pretty cool story.  maybe you should start a thread about this in Discussion.
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January 18, 2013, 06:29:55 PM
 #28

You'd do well to buy shares of Satoshi dice. Think of it as an investment of an investment. Bitcoins grew in value, and Satoshi dice did too. From 0.0048 - 0.006 now. That's a nice increase.

Indeed. 80% ROI in less 2 weeks but what's the next step Smiley

I would buy some shares of SD if it was not so difficult.
Indeed it took me hours and lot of patience to get into it!

But it (currently) worth it, I hope !
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January 18, 2013, 06:39:27 PM
 #29

Mega+refunds+ possible ASIC from Avalon.  Mega and Avalon hit about the same time according to their clocks.  Stay tuned.

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January 18, 2013, 06:40:32 PM
 #30

You'd do well to buy shares of Satoshi dice. Think of it as an investment of an investment. Bitcoins grew in value, and Satoshi dice did too. From 0.0048 - 0.006 now. That's a nice increase.

Indeed. 80% ROI in less 2 weeks but what's the next step Smiley

I would buy some shares of SD if it was not so difficult.
Indeed it took me hours and lot of patience to get into it!

But it (currently) worth it, I hope !

I was considering buying like a month ago, but the 30 BTC mpex buy-in fee is too steep for my taste...
That plus I am wondering what is stopping SDice competitors from coming up with a clone site with better odds (maybe some already exist?).
So far not the best choice not to buy, but hey, I can live with the decision.
jl2012
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January 18, 2013, 07:33:01 PM
 #31

Recently some people are promoting S.DICE under unrelated topics, which looks quite suspicious to me. Think twice before you jump into this:

1. Anyone with moderate coding skills can copy the SD model easily. It's simply a bot monitoring incoming transactions and creating raw transactions. It won't be surprising if there will be a price war, leading to a huge reduction in profit and increased risks

2. There will be a tx fee increase to deal with SD pollution SD (https://bitcointalk.org/index.php?topic=130450.0)

3. To buy S.DICE on MPEX you need to pay a ridiculous registration fee of 30BTC, let alone the cumbersome commands. Those "passthroughs" is the most risky part as you would never know whether the assets are really backed by real S.DICE. 

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twolifeinexile
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January 22, 2013, 02:58:24 PM
 #32

Recently some people are promoting S.DICE under unrelated topics, which looks quite suspicious to me. Think twice before you jump into this:

1. Anyone with moderate coding skills can copy the SD model easily. It's simply a bot monitoring incoming transactions and creating raw transactions. It won't be surprising if there will be a price war, leading to a huge reduction in profit and increased risks

2. There will be a tx fee increase to deal with SD pollution SD (https://bitcointalk.org/index.php?topic=130450.0)

3. To buy S.DICE on MPEX you need to pay a ridiculous registration fee of 30BTC, let alone the cumbersome commands. Those "passthroughs" is the most risky part as you would never know whether the assets are really backed by real S.DICE. 

Passthroughs are really multilevel of credit risk, ( in the whole chain, just one default cause you lose every claim you had).
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