Post
Topic
Board Securities
Re: Why is the BitFunder SDice pass through trading so cheaply?
by
btcbids
on 12/01/2013, 01:41:10 UTC
and yet, over on BitFunder the g.sdice stock has had much much more volume traded, 10's of thousands of shares traded vs the 61 gsdpt that have moved over at btct.co
looking through the trade history it seems to be mostly big buys, people taking advantage of the good deals.

I think GSDPT has ~7k shares total on btct.co right now.

I guess it's because the asset claim page both for btct and bitfunder is on bitfunder. So everyone who wanted to liquidate quickly just stayed on bitfunder and drove the price down.

Yeah, there was some confusion as to how to claim shares on btct.co, where you had to go to bitfunder, claim the shares, then request they actually go to btct.co.  I think we'll probably see another GSDPT import here before too long.



When I looked at it, it was very clear to me. No confusion at all. I did not have to singup with bitfunder to be able to claim my shares on btct and had the option. i am told that there were almost or over 100 shareholders to track, and can understand why terra did not want to try to manually track everything with a high risks of errors. no one has complained about not getting their shares or divs due at either location. since my original plan was to claim on btct, i was glad that he went through the trouble to allow to use both than tell us where we have to go by his decision or by other shareholders votes. you state that there was confusion on how to claim where there was not. he posted on the forums, he sent emails, and bitfunder sent emails to claim explaining everything very clearly.

okay it seems like I have not been clear enough.
If you have not visited https://bitfunder.com/claimGSDPT and claimed your shares then you are not on my list for your shares to be claimed at any exchange.

http://i50.tinypic.com/w77fm.png


*waits expectantly*

Oh crazy, I didn't realize Ukyo set that up.  Pretty cool actually, but I get now why some ppl are confused.  Not really intuitive to go to one exchange to claim shares on another.  Smiley  Thank you Carnth, an image is truly worth 1k words here.




I was originally dead set against bitfunder, and planned to claim my shares at btct. the more I see look at each one, i see that btct is a bunch of drama.
all over the place people using it to post msgs against each other, vote each other. first I was checking the website alot, to see what was there. then as things grew, so did the drama, I got tired of trying to use the votes as a usefull reference. almost all traded assets have some kind of negative mark, mud slung in their face, and its like getting opinionated scammer votes to me.  at least on the forums before someone or something is branded ppl cant just throw numbers on their profile and leave them there for everyone to see regardless of what its for. i saw bakewell move from btct to bitfunder, and if it was for the votes as a reason, i can understand pushing to do it without shareholder concent. do i agree with his holdingshares thing no? but even he has picked up and walked away from the drama even if he had to take a rep. hit to do it and has not even fought with anyone over it to try to be very adult about it, he let people say what they wanted, and that was that. that was a big price to pay i think for doing it, but people did not dump his asset. i held off on claiming my shares of gsdpt until recently to see how things turned out, and honestly, the only thing I coudl say about bitfunder in the mean time is that while I was not happy to setup with weexchange at first, it's actually pretty nice and very happy with it. i had a simple question, nothing urgent and posted a support ticket on bitfunder and had a response pretty quickly. the irc was nice to be able to just join for a few minutes and talk to people about things. and during all the drama.. all I saw on bitfunder, was focused growth. not only was it adding features people had requested, but i noticed that they were also adding features that were being requested of btct as they were being requested, and even without the drama, never made a big thing about out. things like the the dividend reinvest, and listing if the assets can increase shares on their own, or move with or without votes. I finally made my decision. it was pretty clear. i have quite a few share of sdice via gsdpt, erik is a great guy and very respectable. I have no problems paying terra for all the time and effort he is putting in to make sure i got my shares and dividends that was not an expected party of his duties and now balancing books for two exchanges. he has a proven track record as being someone trustworthy. i would rather pay a little to know I am in good hands, then go with some unknown or pay a bunch of money to trade on a place that has a few stocks and possibly higher chance of insulting me then helping me if i say the worng thing. also I am a buyer. i dont generally sell unles its a great deal. with bitfunder, i have paid almost nothiing to buy thousands of shares to earn divs off of since i only have to pay if and when i sell. I love the price being lower on bitfunder, I have bought quite a few shares at excellent price, it just adds as another reason why i have enjoyed it since. and i can actually say that for once in a long time now i have enjoyed playing with btc and assets again. interactive graphs are fun to zoom in and get details, the data tables are nice and dont just cut off with limits or span the entire page with all of my history. why are the shares so cheap? it could be any number of the things listed above. terras cut, bitfunder ppl selling off,dont think so because its more buys than sells,so it is not ppl who do not like bitfunder. i dont care, its a good and more fair price to me. also the best thing is that if ihave enough shares and wanted to go direct to mpex i think terra would doa transfer for me at no cost. isnt that the point? buy low in bulk, sell high in bulk, win!