Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Lambie Slayer]

Aren't we jinxing it?

Yes. So we better finish the planning asap and go on with scheduled roadmap with no mention ever again until the milestone is reached.

This very same discussion would be completely catastrophic (80-90% crash) at a higher price.

excellent point, best to get this nailed down while coins are still cheap

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[El duderino_]

-Seperate thread! (By organising crew max 3-4 veteran members)

-Start making a list who would come and who is WO approved to come.

-Start discuss place

-Kind of meet up

-Start talking prices like .1 and a group of trusty should collect or something, paid = sure he shows up

-etc

-etc

So many good thought now we have to act WO worthy

And start to “talk the talk, walk the walk”

!!!!!!!!!

My suggestion for thread opening by

Kurious
BoB
600watt
Infofront

^
This could be different

But let us make a thread with appointed members

Self mod. That the members that are not invited or allowed could be the messages deleted.... they Will get the point its a WO thing after all

[El duderino_]

Finally in the plain so

Me off

[El duderino_]

EDIT: maybe someone should start a DAO "100kparty".

"Can you Guys stop partying??"

No just another thread for it!

[Lambie Slayer]

nice ideas guys but start small please. first of all you need money for a party.

first question is: who is willing to pay with bitcoin for a party and how much. in 2013 it was 1 BTC and the money was locked. if you pay 0.1 BTC today it will be enough in 3 years for a 100k party. but again the money is locked. who is still on the list?

EDIT: maybe someone should start a DAO "100kparty".

In the proposal I laid out for Vegas no one but me would have to put up anything and even my out of pocket expense would be not a big deal for me at all.

The less people that show the more glory for the ones that do. Worst case scenario its me and 2 friends. I promise you we will have a lot of fun and fill everyone in on the good times.

[Lambie Slayer]

EDIT: maybe someone should start a DAO "100kparty".

"Can you Guys stop partying??"

No just another thread for it!

100k party is about as on topic as it gets around here, no need for another thread just yet imo

[Gyrsur]

nice ideas guys but start small please. first of all you need money for a party.

first question is: who is willing to pay with bitcoin for a party and how much. in 2013 it was 1 BTC and the money was locked. if you pay 0.1 BTC today it will be enough in 3 years for a 100k party. but again the money is locked. who is still on the list?

EDIT: maybe someone should start a DAO "100kparty".

In the proposal I laid out for Vegas no one but me would have to put up anything and even my out of pocket expense would be not a big deal for me at all.

The less people that show the more glory for the ones that do. Worst case scenario its me and 2 friends. I promise you we will have a lot of fun and fill everyone in on the good times.

ok sorry, I did not read it. but how then will you scale it? you should expect 100 to 500 people if the price will stay above 100k.

EDIT: more than 220 paid 1 BTC and the money was locked until the event was canceled.

+ + +  MORE THAN 220 RESERVATIONS  + + +

[Totscha]

I'm pretty sure that no matter the location we choose, it's going to be a 'fly to' party for 90% of us. And two weeks is enough time for most people to plan their trip with time to spare.

There's two kinds of people: some are flexible enough to go across the world with 3 days preparation, and others need a minimum of 3 months notice. Very few are between.

It's a party, it's supposed to be somewhat extravagant. A two day trip to Vegas from Europe over the weekend kind of extravagant... Even if you still have a job at 100k, most will get a couple of days leave on short notice. Or just call in sick

We'll never make everyone happy, but you can get 80% of people onboard very easily in most situations...

[Kylapoiss]

Hi guys, hows it hangin'?

Is CSW getting messages deleted from the forum? I got PM´s that many of my posts where I used his name were deleted, any particular reason?

[kurious]

U bring up good points.

Typically the longer someone has to think about something imo the more likely they are to back out. This is why corporate America works so hard to push impulse buying on everyone and why they say count to ten when you are angry.

I would have no problem doing this party with myself and my 2 guests if not one single Hat wants to come celebrate the new wealth.  

All it would cost me would be I pay for all the limo out of pocket which is fine, more leg room!

Can someone fill me in on what led to the downfall of the 1k party, I didnt start following the thread till a few months after 1k.

Also how much time would be necessary in your opinion to properly plan and not feel rushed. Are you talking 3 weeks, 2 months, maybe a little more detail on that would help me understand where you are coming from. I would think anything more than a few weeks after 100k and a lot of the thrill would be gone.

Last one before we're kicked off the thread:

I think an arbitrary price figure is the problem.  May never get there / may hit it only fleetingly / crash right after  /  does not happen for three years - who knows?

When I mentioned timing it within a set time from the Halvening, it seemed popular. No pressure, time to plan etc.  And it is sure it will happen, so it can be booked.

If you want a mad celebration for 100K - a spontaneous thing does seem to make sense.   

I guess I was thinking of a WO celebration party (likely to be when we've already done very nicely financially) but not really about price, so much as a party for the WO 'anyway' - and it could even turn into a regular thing.  Anyone could organise a hookers and blow event to coincide with it, why not?  At least we'd all know when the party was and that it would actually happen if enough people wanted to go.

Time needed to organise a successful large event and actually attract enough people to make it work well? 

Months. Less than 12, probably more than 6.

[Lambie Slayer]

nice ideas guys but start small please. first of all you need money for a party.

first question is: who is willing to pay with bitcoin for a party and how much. in 2013 it was 1 BTC and the money was locked. if you pay 0.1 BTC today it will be enough in 3 years for a 100k party. but again the money is locked. who is still on the list?

EDIT: maybe someone should start a DAO "100kparty".

In the proposal I laid out for Vegas no one but me would have to put up anything and even my out of pocket expense would be not a big deal for me at all.

The less people that show the more glory for the ones that do. Worst case scenario its me and 2 friends. I promise you we will have a lot of fun and fill everyone in on the good times.

ok sorry, I did not read it. but how then will you scale it? you should expect 100 to 500 people if the price will stay above 100k.

EDIT: 220 paid 1 BTC and the money was locked until the event was canceled.

+ + +  MORE THAN 220 RESERVATIONS  + + +

Interesting. Do you know why they canceled. If 220 people pay and nobody wants to party, then perhaps the whole concept is doomed but i feel like there must be some explanation for what happened.

The plan I had has a cap of 25 WO members with max 2 guest each. The way to scale it is other people can offer to host parties at other times in other cities since so many cant agree on US, Europe, or an island. The bigger the party, the more likely it is to fail imo. We must decentralize the parties

I think Id be lucky to get 25 WO members saying they want to come to the vegas party, and if we got more, no problem, we drop it down to 1 guest each with up to 50 WO members. Over 50 WO members and I agree this party falls apart from logistical complexities.

Taking 25 people to a restaurant in Vegas is easy even sitting at the same table. Taking 50 to a dinner is no problem, just will need multiple tables. Taking 75 to a nightclub is easier. Taking 75 to a strip club is easy also. All on short notice. Taking 25 to a brothel is easy and lets be real I doubt many will stick around for the brothel, but if we dont have enough whores we can always go family style on em. https://www.youtube.com/watch?v=k5znpQLH8vE

If the worst thing that happens at our party is a whore shortage, then it will just add to the legend.  

[kurious]

EDIT: more than 220 paid 1 BTC and the money was locked until the event was canceled.

+ + +  MORE THAN 220 RESERVATIONS  + + +

Er....

we're doing a btc10k party, the XCP tokens already exist, just need to set it up

Why was the $1k party cancelled? Appeared to have quite a few reservations

yes it was cancelled. price went below 1k and people stopped paying their reservations. we wanted at least 100 tickets sold to have enough funds to get a decent set-up going. futhermore, the ticket set-up we used was designed by bits-of-proof. this company was sold to dtcc. we did not get 100 tickets sold = canceled.... 

220 'reserved', yes.  Less than 100 actually bought tickets.

[d_eddie]

I think an arbitrary price figure is the problem.  May never get there / may hit it only fleetingly / crash right after  /  does not happen for three years - who knows?

If it's paid in advance - say, 0.1 btc - the funds could be in escrow and they could be sold as soon as 100k are hit. So the budget would be safe. So fiat funding should be no issue. Same goes for plane tickets: where needed, each member planning to participate could keep a small (today) sum aside to cover for that. It will be worth ~10x at that time. Let's not forget that  

When I mentioned timing it within a set time from the Halvening, it seemed popular. No pressure, time to plan etc.  And it is sure it will happen, so it can be booked.

If you want a mad celebration for 100K - a spontaneous thing does seem to make sense.  

I guess I was thinking of a WO celebration party (likely to be when we've already done very nicely financially) but not really about price, so much as a party for the WO 'anyway' - and it could even turn into a regular thing.  Anyone could organise a hookers and blow event to coincide with it, why not?  At least we'd all know when the party was and that it would actually happen if enough people wanted to go.

Time needed to organise a successful large event and actually attract enough people to make it work well?  

Months. Less than 12, probably more than 6.

You make sense, kurious. A set date or a little advance notice are good: I think it's better to pursue the ONE party idea, at least tentatively. It would be a pity if, for instance, the Goose and the Bob couldn't meet there because of geography. Of course members can arrange aside meeting privately (the recent Madrid thing).

[Gyrsur]

I guess it was canceled because of economic reasons. if you calculate with a price of 1k per Bitcoin the price should stay above 1k if you have to pay the costs of the event afterwards. in fall 2013 it was a short spike above 1k and then the price collapsed again. I expect the same if the price will go above 100k because a lot of hodlers will then cash out.

EDIT: it's always about risk. if someone is willing (and "crazy" enough) to organise such an event big style he should earn a decent amount of money for the risks he is taking.

[Lambie Slayer]

U bring up good points.

Typically the longer someone has to think about something imo the more likely they are to back out. This is why corporate America works so hard to push impulse buying on everyone and why they say count to ten when you are angry.

I would have no problem doing this party with myself and my 2 guests if not one single Hat wants to come celebrate the new wealth.  

All it would cost me would be I pay for all the limo out of pocket which is fine, more leg room!

Can someone fill me in on what led to the downfall of the 1k party, I didnt start following the thread till a few months after 1k.

Also how much time would be necessary in your opinion to properly plan and not feel rushed. Are you talking 3 weeks, 2 months, maybe a little more detail on that would help me understand where you are coming from. I would think anything more than a few weeks after 100k and a lot of the thrill would be gone.

Last one before we're kicked off the thread:

I think an arbitrary price figure is the problem.  May never get there / may hit it only fleetingly / crash right after  /  does not happen for three years - who knows?

When I mentioned timing it within a set time from the Halvening, it seemed popular. No pressure, time to plan etc.  And it is sure it will happen, so it can be booked.

If you want a mad celebration for 100K - a spontaneous thing does seem to make sense.   

I guess I was thinking of a WO celebration party (likely to be when we've already done very nicely financially) but not really about price, so much as a party for the WO 'anyway' - and it could even turn into a regular thing.  Anyone could organise a hookers and blow event to coincide with it, why not?  At least we'd all know when the party was and that it would actually happen if enough people wanted to go.

Time needed to organise a successful large event and actually attract enough people to make it work well? 

Months. Less than 12, probably more than 6.

Interesting. I like this idea as well and think they would be compliments, not substitutes.  

Bc yes mad celebration is exactly what Im suggesting.

The 100k party is by far the biggest event talked about ever since I started following the thread in early 2014. It seems criminal to not attempt to honor it.

The WO Celebration party sounds great and also something that afaik was just breathed into life by you and worth pursuing, but not at the expense of the 100k legend for sure imo

[Lambie Slayer]

I guess it was canceled because of economic reasons. if you calculate with a price of 1k per Bitcoin the price should stay above 1k if you have to pay the costs of the event afterwards. in fall 2013 it was a short spike above 1k and then the price collapsed again. I expect the same if the price will go above 100k because a lot of hodlers will then cash out.

Ok Ty for that info. My proposal will avoid this pitfall bc as I said, its flexible enough for someone to spend between $500 and 10k or more with no commitments. So if price drops 30 percent in the few weeks prior, then people can just spend 30 percent less or whatever they want.

So easy not to collect money far in advance and then not have to worry about what happens to the funds and what the price is and to possibly need to give out refunds.

[Gyrsur]

I guess it was canceled because of economic reasons. if you calculate with a price of 1k per Bitcoin the price should stay above 1k if you have to pay the costs of the event afterwards. in fall 2013 it was a short spike above 1k and then the price collapsed again. I expect the same if the price will go above 100k because a lot of hodlers will then cash out.

Ok Ty for that info. My proposal will avoid this pitfall bc as I said, its flexible enough for someone to spend between $500 and 10k or more with no commitments. So if price drops 30 percent in the few weeks prior, then people can just spend 30 percent less or whatever they want.

So easy not to collect money far in advance and then not have to worry about what happens to the funds and what the price is to possibly give out refunds.

ok, but then you should keep the party exclusive. no more than 50 to 60 people in my opinion.

EDIT: just a Hat Gang party with no Gang Bang. (sorry for the flat joke!)

[nutildah]

+ + +  MORE THAN 220 RESERVATIONS  + + +

That's an epic thread, 64 pages of party planning. Lots of Legendaries no longer with us...

[gentlemand]

I guess it was canceled because of economic reasons. if you calculate with a price of 1k per Bitcoin the price should stay above 1k if you have to pay the costs of the event afterwards. in fall 2013 it was a short spike above 1k and then the price collapsed again. I expect the same if the price will go above 100k because a lot of hodlers will then cash out.

EDIT: it's always about risk. if someone is willing (and "crazy" enough) to organise such an event big style he should earn a decent amount of money for the risks he is taking.

Anyone expecting six figures and above to be the next peak and for that to be anything other than a fleeting top is a nutter. I'd be amazed if it lasted for more than a few hours, let alone days.

I always thought the 1k party I was familiar with stating it would only run once it stayed above 1k for a whole month was silly. Peaks are symbolic more than anything. You may as well celebrate them no matter what the aftermath consists of and how transient they were.

[kurious]

Interesting. I like this idea as well and think they would be compliments, not substitutes.  

Bc yes mad celebration is exactly what Im suggesting.

The 100k party is by far the biggest event talked about ever since I started following the thread in early 2014. It seems criminal to not attempt to honor it.

You're absolutely right, it will be a huge milestone - one we will all want to celebrate. Of course!

The WO Celebration party sounds great and also something that afaik was just breathed into life by you and worth pursuing, but not at the expense of the 100k legend for sure imo

The ideas are not mutually exclusive.  It was just I thought there could be more certainty about the Halvening date.  It's actually because I really want to see the party actually happen - not because I don't want to celebrate, but precisely because I do.  

One question:

What price do you expect to see one year after the Halvening?

That is - whether it's $50K or $350K - do you think it would be worth a party?