Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Krabby
on 01/07/2014, 16:02:00 UTC
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.