Just a quick question.
I noticed that SatoshiDice # of bets declined dramatically in the middle of March from around 20k-25k to 15k. Since then its been hovering 15k +/- 5k Can anyone tell me why this happened?
One reason may be that the price of BTC rose to much higher levels during that time. What people are willing to bet may be the same, but the amount of BTC that represents is much smaller with a high exchange rate.
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That could be. But the change in # of bets is discontinuous and sudden, not gradual. It seems odd to me that on March 15-17, all bettors suddenly decided to reduce # of bets. As BTC rises, you'd assume that bettors would keep the real value of their betting constant through a gradual combination of decreasing bet quantity and decreasing bet size.
This might not be the reason for the sudden decrease in bets, however minimum bet size is limited so smaller bettors will must reduce the number of bets if they are to bet within their means.