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Author Topic: Rally from $65 to 95 caused by Satoshi Dice acquisition  (Read 3340 times)
ilovedragons
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July 25, 2013, 07:12:43 PM
 #1

Assumptions:
  • Acquiring party needed to amass >100k BTC from somewhere(s) to make the acquisition, i.e. they were not an early investor in BTC

Evidence:
  • Timing of rally and then Satoshi Dice acquisition might match up
  • Rally from those price points has been described as "unnatural" by some people
  • MtGox order book has been borked ever since, ~50k BTC disappearing from the order book like magic, never to return
  • www.oprah.com

Implications:
  • The rally was indeed unnatural and we will be returning to $65/BTC once BTC supply has a chance to catch up.

Anyway I'm gonna go back to playing Civilization II now because this current market is boring as all hell.
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xavier
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July 25, 2013, 07:16:02 PM
 #2

Interesting. You think they were waiting for the market to tank before buying the BTC and acquiring SDice?

I'm not sure if the acquirers were that smart.

In fact, I'm not really sure about the acquirors and who they were, or if they even existing. The fact they remain anonymous is a little shady. There's something fishy about the whole thing. Although I do accept that alot of ordinary shareholders got paid eventually.
ElectricMucus
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July 25, 2013, 07:16:13 PM
 #3

Assumptions:
  • Acquiring party needed to amass >100k BTC from somewhere(s) to make the acquisition, i.e. they were not an early investor in BTC
And why should we make that assumption?

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
gog1
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July 25, 2013, 07:22:15 PM
 #4

Interesting. You think they were waiting for the market to tank before buying the BTC and acquiring SDice?

I'm not sure if the acquirers were that smart.

In fact, I'm not really sure about the acquirors and who they were, or if they even existing. The fact they remain anonymous is a little shady. There's something fishy about the whole thing. Although I do accept that alot of ordinary shareholders got paid eventually.

I thought people get paid already.
mgio
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July 25, 2013, 08:58:34 PM
 #5

Or it could be the owner of Satoshi Dice wanted to go underground so he bought his own company anonymously with the money he had already made from Satoshi Dice.
Scott J
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July 25, 2013, 09:09:46 PM
 #6

. Although I do accept that alot of ordinary shareholders got paid eventually.
Which shareholders didn't get paid?

RationalSpeculator
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July 25, 2013, 09:14:24 PM
 #7

Anyway I'm gonna go back to playing Civilization II now because this current market is boring as all hell.

lol Smiley
vokain
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July 25, 2013, 09:19:59 PM
 #8

Anyway I'm gonna go back to playing Civilization II now because this current market is boring as all hell.

lol Smiley

tempted!! but I need to finish Infinite Jest before school starts, or else i'll never finish it  Undecided

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RationalSpeculator
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July 25, 2013, 09:24:34 PM
 #9

Anyway I'm gonna go back to playing Civilization II now because this current market is boring as all hell.

lol Smiley

tempted!! but I need to finish Infinite Jest before school starts, or else i'll never finish it  Undecided

school sucks :/ Sorry
Skinnkavaj
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English Motherfucker do you speak it ?


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July 25, 2013, 10:13:12 PM
 #10

Or it could be the owner of Satoshi Dice wanted to go underground so he bought his own company anonymously with the money he had already made from Satoshi Dice.
This.

kingcrimson
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July 26, 2013, 06:05:54 AM
 #11

It is fairly obvious satoshi dice sale was fake and he sold it to himself, no one in their right mind would put that kind of money into it.
yayayo
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July 26, 2013, 07:19:22 AM
 #12

It is fairly obvious satoshi dice sale was fake and he sold it to himself, no one in their right mind would put that kind of money into it.

I would not rule that out. However, far worse investment decisions are made every day.


ya.ya.yo!
superduh
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July 26, 2013, 08:17:50 AM
 #13

Before this continues..... Does everyone have their tinfoil hat on?

ok
herzmeister
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July 26, 2013, 08:19:52 AM
 #14


WAT.jpg

https://localbitcoins.com/?ch=80k | BTC: 1LJvmd1iLi199eY7EVKtNQRW3LqZi8ZmmB
Ares
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July 26, 2013, 08:46:30 AM
 #15


Think about it. Would Oprah really have her own website if Satoshi Dice didn't get sold?



misc.jpg
massivebitman
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July 26, 2013, 08:56:20 AM
 #16

My question is how many ordinary shares were there?

How much did they each get paid out?

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