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

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.