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

[hmmmstrange]

I also have one btc stowed away. In the format of a ticket for the btc1k party. It's in a corner, almost forgotten, has been accumulating dust for a while. I wouldn't mind using it before Xmas this year.

There is a good chance that the price will be 5k on the day of the btc1k party.

[wachtwoord]

I also have one btc stowed away. In the format of a ticket for the btc1k party. It's in a corner, almost forgotten, has been accumulating dust for a while. I wouldn't mind using it before Xmas this year.

There is a good chance that the price will be 5k on the day of the btc1k party.

So the ticket to the $1k party was $1k (as you will only get to use it if Bitcoin reaches $1k again). That's quite pricey for a party ...

[jl2012]

I also have one btc stowed away. In the format of a ticket for the btc1k party. It's in a corner, almost forgotten, has been accumulating dust for a while. I wouldn't mind using it before Xmas this year.

There is a good chance that the price will be 5k on the day of the btc1k party.

So the ticket to the $1k party was $1k (as you will only get to use it if Bitcoin reaches $1k again). That's quite pricey for a party ...

You can pay $650 to buy 1 bitcoin and use the bitcoin to buy a ticket now

[Dragonkiller]

I also have one btc stowed away. In the format of a ticket for the btc1k party. It's in a corner, almost forgotten, has been accumulating dust for a while. I wouldn't mind using it before Xmas this year.

There is a good chance that the price will be 5k on the day of the btc1k party.

So the ticket to the $1k party was $1k (as you will only get to use it if Bitcoin reaches $1k again). That's quite pricey for a party ...

You can pay $650 to buy 1 bitcoin and use the bitcoin to buy a ticket now

Is the ticket refundable?

[wachtwoord]

I also have one btc stowed away. In the format of a ticket for the btc1k party. It's in a corner, almost forgotten, has been accumulating dust for a while. I wouldn't mind using it before Xmas this year.

There is a good chance that the price will be 5k on the day of the btc1k party.

So the ticket to the $1k party was $1k (as you will only get to use it if Bitcoin reaches $1k again). That's quite pricey for a party ...

You can pay $650 to buy 1 bitcoin and use the bitcoin to buy a ticket now

But it will only count if Bitcoin reaches $1k one day so effectively it will have cost you $1k. There's no way around this.

[oda.krell]

I also have one btc stowed away. In the format of a ticket for the btc1k party. It's in a corner, almost forgotten, has been accumulating dust for a while. I wouldn't mind using it before Xmas this year.

There is a good chance that the price will be 5k on the day of the btc1k party.

So the ticket to the $1k party was $1k (as you will only get to use it if Bitcoin reaches $1k again). That's quite pricey for a party ...

You get what you pay for.

So I hope it'll be a pretty good party

plug: https://bitcointalk.org/index.php?topic=285771.0

[jl2012]

I also have one btc stowed away. In the format of a ticket for the btc1k party. It's in a corner, almost forgotten, has been accumulating dust for a while. I wouldn't mind using it before Xmas this year.

There is a good chance that the price will be 5k on the day of the btc1k party.

So the ticket to the $1k party was $1k (as you will only get to use it if Bitcoin reaches $1k again). That's quite pricey for a party ...

You can pay $650 to buy 1 bitcoin and use the bitcoin to buy a ticket now

But it will only count if Bitcoin reaches $1k one day so effectively it will have cost you $1k. There's no way around this.

No. Just consider it as a lottery ticket. If bitcoin will never reach 1k, you lose the money you spent on that bitcoin (say $650). If bitcoin reaches 1k someday, you still lose $650, but you get a party ticket of >$1k

[aminorex]

Just consider it as a lottery ticket. If bitcoin will never reach 1k, you lose the money you spent on that bitcoin (say $650). If bitcoin reaches 1k someday, you still lose $650, but you get a party ticket of >$1k

The problem with this is that lottery tickets are very unlikely to be worth so much.  Bitcoin are very unlikely to be worth so little.

[wachtwoord]

I also have one btc stowed away. In the format of a ticket for the btc1k party. It's in a corner, almost forgotten, has been accumulating dust for a while. I wouldn't mind using it before Xmas this year.

There is a good chance that the price will be 5k on the day of the btc1k party.

So the ticket to the $1k party was $1k (as you will only get to use it if Bitcoin reaches $1k again). That's quite pricey for a party ...

You can pay $650 to buy 1 bitcoin and use the bitcoin to buy a ticket now

But it will only count if Bitcoin reaches $1k one day so effectively it will have cost you $1k. There's no way around this.

No. Just consider it as a lottery ticket. If bitcoin will never reach 1k, you lose the money you spent on that bitcoin (say $650). If bitcoin reaches 1k someday, you still lose $650, but you get a party ticket of >$1k

This is all bullshit if your alternative is to hold onto the BTC1. You are still stuck thinking in fiat. Think about it.

[jl2012]

I also have one btc stowed away. In the format of a ticket for the btc1k party. It's in a corner, almost forgotten, has been accumulating dust for a while. I wouldn't mind using it before Xmas this year.

There is a good chance that the price will be 5k on the day of the btc1k party.

So the ticket to the $1k party was $1k (as you will only get to use it if Bitcoin reaches $1k again). That's quite pricey for a party ...

You can pay $650 to buy 1 bitcoin and use the bitcoin to buy a ticket now

But it will only count if Bitcoin reaches $1k one day so effectively it will have cost you $1k. There's no way around this.

No. Just consider it as a lottery ticket. If bitcoin will never reach 1k, you lose the money you spent on that bitcoin (say $650). If bitcoin reaches 1k someday, you still lose $650, but you get a party ticket of >$1k

This is all bullshit if your alternative is to hold onto the BTC1. You are still stuck thinking in fiat. Think about it.

See the highlight. YOU are the one stuck thinking in fiat, not me.

[p0peji]

I also have one btc stowed away. In the format of a ticket for the btc1k party. It's in a corner, almost forgotten, has been accumulating dust for a while. I wouldn't mind using it before Xmas this year.

There is a good chance that the price will be 5k on the day of the btc1k party.

So the ticket to the $1k party was $1k (as you will only get to use it if Bitcoin reaches $1k again). That's quite pricey for a party ...

You can pay $650 to buy 1 bitcoin and use the bitcoin to buy a ticket now

But it will only count if Bitcoin reaches $1k one day so effectively it will have cost you $1k. There's no way around this.

No. Just consider it as a lottery ticket. If bitcoin will never reach 1k, you lose the money you spent on that bitcoin (say $650). If bitcoin reaches 1k someday, you still lose $650, but you get a party ticket of >$1k

I think I will wait for BTC to hit 5k and go to the afterparty for 0.2 btc

[cAPSLOCK]

How much is that doge in the window?
woof woof!

Not very much at all.

[Adrian-x]

I also have one btc stowed away. In the format of a ticket for the btc1k party. It's in a corner, almost forgotten, has been accumulating dust for a while. I wouldn't mind using it before Xmas this year.

There is a good chance that the price will be 5k on the day of the btc1k party.

So the ticket to the $1k party was $1k (as you will only get to use it if Bitcoin reaches $1k again). That's quite pricey for a party ...

You can pay $650 to buy 1 bitcoin and use the bitcoin to buy a ticket now

But it will only count if Bitcoin reaches $1k one day so effectively it will have cost you $1k. There's no way around this.

Tickets are 1 BTC and the party only happens if Bitcoin stays over USD 1K for 30 days.

You could buy a Bitcoin and exchange it for a ticket any time. The higher the value the more extravagant the party.

Ticket price is discounted at the moment. You can hold Bitcoin and only pay when the party is triggered.

[ChartBuddy]

Explanation

[Krabby]

I also have one btc stowed away. In the format of a ticket for the btc1k party. It's in a corner, almost forgotten, has been accumulating dust for a while. I wouldn't mind using it before Xmas this year.

There is a good chance that the price will be 5k on the day of the btc1k party.

So the ticket to the $1k party was $1k (as you will only get to use it if Bitcoin reaches $1k again). That's quite pricey for a party ...

You can pay $650 to buy 1 bitcoin and use the bitcoin to buy a ticket now

But it will only count if Bitcoin reaches $1k one day so effectively it will have cost you $1k. There's no way around this.

Tickets are 1 BTC and the party only happens if Bitcoin stays over USD 1K for 30 days.

You could buy a Bitcoin and exchange it for a ticket any time. The higher the value the more extravagant the party.

Ticket price is discounted at the moment. You can hold Bitcoin and only pay when the party is triggered.

If it ever triggers.

[gentlemand]

there will be 1800 'dudes' and about half a dozen 'ladies'  if that!

no thx.

god god, imagine it.... like the forum but worse.

trollfest 2015

I think there should be officiated boxing matches between combative forum posters. It would send them all away with new perspectives. I can't imagine they'd be very impressive fights though.

[Krabby]

there will be 1800 'dudes' and about half a dozen 'ladies'  if that!

no thx.

god god, imagine it.... like the forum but worse.

trollfest 2015

I want fonzie, george and prouhdon to come

[oda.krell]

Haha, amusing discussion. Here's how I see it:

Fact 1: The price of the party was _defined_ as 1 BTC.

Fact 2: The party will take place iff 1 BTC is valued $1000 or more.


You have two options now: You can "refuse to think in fiat", which seems to be what wachtwoord aims to do. Then the only way for him value the price of the party is thinking of it as costing 1 out of 21M of the total BTC supply ever. Quite pricey, agreed.

More reasonable though (this is the speculation forum, after all, and we like to contemplate the BTC/USD pair), is appraising the value of the ticket in fiat terms. I'm going to assume for simplicity that 1 BTC will eventually reach 1k USD, so that the question whether the party ever takes place, is not an issue.

There's a delay between purchase of the ticket and the actual party, which includes the payment of the external services at the party, in USD. Which means you can reasonably expect that your share of the USD value of the party _at the time of the party_ will be equal to the USD valuation per coin, because the organizers are planning to spend [total amount of btc] x [btc/usd at time of party execution].

If you buy a ticket now, at sub-$1000 prices per coin, you are NOT buying "at a rebate", because you need to think of the value of the party in terms of opportunity costs: if you wouldn't have bought the ticket, at any point, but kept your 1 btc instead, you could cash out at the time of the party for more than $1000, so the effective cost of the party for you is $1000 (or more, depends on the price) regardless of when you bought the ticket.

Still worth it

[JimboToronto]

there will be 1800 'dudes' and about half a dozen 'ladies'  if that!

no thx.

god god, imagine it.... like the forum but worse.

trollfest 2015

I want fonzie, george and prouhdon to come

I wouldn't put Proudhon in the same category as trolls like Fonzie, Mat, Igorr, Faiiiling or Jorge.

He's more of a comedian than a real troll.

[bigdave]

there will be 1800 'dudes' and about half a dozen 'ladies'  if that!

no thx.

god god, imagine it.... like the forum but worse.

trollfest 2015

You mean Sausagefest 2015...