Post
Topic
Board Service Discussion
Re: Satoshi Dice -- Statistical Analysis
by
jonitas
on 10/07/2013, 22:17:29 UTC

Yes it was a horrible run since February. In USD SDICE lost -40%, dividends included! It's rightful to feel bad about that.

That's not correct. If we take Dooglus for example:

He invested BTC79.9924*$21.5 (median price that day) = $1719.84

And he cashed out BTC28.3309509*$75.41 = $2136.43

For a USD profit of 24%. In BTC terms it looks very bad of course, but the key when investing in anything is always to diversify. Even though he lost in BTC terms I wouldnt say it was a bad decision to put money in sdice.

I am keeping my SDICE shares and have put some money in just-dice as well. I think the competition will do SatoshiDice good.