MidnightTokr
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Activity: 13
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July 19, 2013, 03:52:48 PM |
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There has been a buyout from a single entity of 5,000 btc (almost $500,000) - could this be the first batch of buyings from the $11M of the SatoshiDice PayOut?
The payout was in BTC, not USD. |
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btc237ftw
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July 19, 2013, 03:53:15 PM |
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buyings from payout? wtf? SatoshiDice was sold for $11M In bitcoins and the announcement said they payout will start today in batches |
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btc237ftw
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July 19, 2013, 03:55:10 PM |
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The payout was in BTC, not USD. To be paid in BTC, but maybe the buyer/s are using Dollars to buy BTC to pay? or you are 100% sure the buyer/s already had 135,000 Bitcoins in their pockets before signing the payout....? since we dont know who the buyer/s is/are - you can't know that.. furtheremore that anouncement of "batches" sounds to me like money will be coming from fiat to BTC |
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lucas.sev
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July 19, 2013, 03:59:48 PM |
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The payout was in BTC, not USD. To be paid in BTC, but maybe the buyer/s are using Dollars to buy BTC to pay? or you are 100% sure the buyer/s already had 135,000 Bitcoins in their pockets before signing the payout....? since we dont know who the buyer/s is/are - you can't know that.. furtheremore that anouncement of "batches" sounds to me like money will be coming from fiat to BTC do you even know what payout means? |
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ChartBuddy
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July 19, 2013, 04:01:10 PM |
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btc237ftw
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July 19, 2013, 04:03:25 PM |
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do you even know what payout means? LOL Paying someone OUT from a company, else known as Exit or BuyOut. "an investment transaction by which the ownership equity of a company, or a majority share of the stock of the company is acquired. The acquiror thereby "buys out" the present equity holders of the target company. A buyout will often include the purchasing of the target company's outstanding debt, which is referred to as "assumed debt" by the purchaser." Sheeesh - DO YOU KNOW WHAT IT MEANS?!?  |
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ElectricMucus
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Marketing manager - GO MP
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July 19, 2013, 04:04:31 PM |
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The payout was in BTC, not USD. To be paid in BTC, but maybe the buyer/s are using Dollars to buy BTC to pay? or you are 100% sure the buyer/s already had 135,000 Bitcoins in their pockets before signing the payout....? since we dont know who the buyer/s is/are - you can't know that.. furtheremore that anouncement of "batches" sounds to me like money will be coming from fiat to BTC do you even know what payout means? He's suggesting that the new owners of satoshi dice don't already have the BTC they agreed to pay for it. Tremendously stupid I know, but we can expect such suggestions under these circumstances. |
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dexX7
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Activity: 1106
Merit: 1026
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July 19, 2013, 04:10:49 PM |
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To be paid in BTC, but maybe the buyer/s are using Dollars to buy BTC to pay? or you are 100% sure the buyer/s already had 135,000 Bitcoins in their pockets before signing the payout....? since we dont know who the buyer/s is/are - you can't know that.. furtheremore that anouncement of "batches" sounds to me like money will be coming from fiat to BTC
SD holders received the payout in Bitcoin via MPEx in 20 batches within 5-10 minutes 13-14 hours ago. It's unclear, when the BTC were purchased and if at all as we only could spot 20-30k coming into MPEx in a shorter timeframe before payout and more chucks some days and weeks before. I'm not very familiar with the amounts on MPEx, but people say it's not something very special, when such amounts arrive there. The only reasonable scenario I see for buying those 130+k BTC after the payout would be a super whale who has both large amounts of BTC and fiat and who speculated to cause a selloff with the payout - 130k coins which could possibly be dumped on BTC/USD. |
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lucas.sev
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July 19, 2013, 04:10:55 PM |
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The payout was in BTC, not USD. To be paid in BTC, but maybe the buyer/s are using Dollars to buy BTC to pay? or you are 100% sure the buyer/s already had 135,000 Bitcoins in their pockets before signing the payout....? since we dont know who the buyer/s is/are - you can't know that.. furtheremore that anouncement of "batches" sounds to me like money will be coming from fiat to BTC do you even know what payout means? He's suggesting that the new owners of satoshi dice don't already have the BTC they agreed to pay for it. Tremendously stupid I know, but we can expect such suggestions under these circumstances. And he is suggesting that through use of word 'payout' which has been universally used across speculation board when talking about the SD event in relation to paying out BTC to shareholders. |
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bitcryptonit
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Activity: 93
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July 19, 2013, 04:19:16 PM |
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Maybe person who panicked and sold his bitcoins yesterday noticed that nothing is going to happen with the price and buying back now.
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BitPirate
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RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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July 19, 2013, 04:23:02 PM |
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Maybe person who panicked and sold his bitcoins yesterday noticed that nothing is going to happen with the price and buying back now.
+1 |
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BitPirate
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RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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July 19, 2013, 04:24:34 PM |
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dude all im saying is that so far today's low volume in trade shows that btc is over priced. do you agree or disagree?
Disagree completely. It means noone knows what the f* to do. My reading of the situation is that we saw the potential first signs of a bullish recovery last week. That had the potential to continue for one more leg up this week, but no-one in their right mind is going to buy in the absurd situation when there is a $10 gap between the two main exchanges, and arbitrage doesn't serve to close the gap (due to one exchange following the other's price changes). So buying pressure reduced and the price fell -- on somewhat lower volume than previous legs down. The result is rather unconvincing and leaves the market a bit listless. Even the strongest TA adherents can't convince themselves in such a bifurcated market. My prediction, for what it's worth (nothing) is that since now Mt Gox appears to be getting it's act together, and the exchange gap is closing, buying pressure will slowly return, and we happen to be near the bottom of a less-than-100%-convincing leg down. You might see some anticipatory buys on Sunday. Just wanted to repost this so it doesn't get buried. IMO the market moves have precisely 0 to do with S.DICE |
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Frozenlock
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July 19, 2013, 04:28:13 PM |
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Just wanted to repost this so it doesn't get buried.
IMO the market moves have precisely 0 to do with S.DICE
Ding ding ding! We have a winner! Market moves, most often than not, have nothing to do with the news. |
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ChartBuddy
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July 19, 2013, 05:01:22 PM |
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ChartBuddy
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July 19, 2013, 06:01:26 PM |
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ChartBuddy
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July 19, 2013, 07:01:20 PM |
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Jozzaboy
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Activity: 98
Merit: 10
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July 19, 2013, 07:09:53 PM |
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We just recovered 5 dollars and no activity here? Seriously?
Bears aren't dancing anymore....
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notme
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Activity: 1904
Merit: 1002
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July 19, 2013, 07:10:58 PM |
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We just recovered 5 dollars and no activity here? Seriously?
Bears aren't dancing anymore....
Bulls aren't ready to declare victory, bears are shitting themselves. |
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Coinseeker
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July 19, 2013, 07:18:42 PM |
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We just recovered 5 dollars and no activity here? Seriously?
Bears aren't dancing anymore....
Recovered 4-5 dollars, yet still down 4-5 dollars on the same crash. Hmmm....and you're excited why? Because it's not as bad as it was?  |
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Spekulatius
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Activity: 1022
Merit: 1000
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July 19, 2013, 07:19:18 PM |
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All the way up to 105 there is a pretty steep slope of open orders and in light of the recent cash splash for SD share owners (155k BTC), MtGox slowly catching up on its backlog and some heavy technical resistance from 100-105 USD up ahead, I doubt that we will shoot up just yet. Probably slide down further before bouncing back somewhere on the way (70 USD?).
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