Why did Binance disable fiat withdrawal?
They didn't, I withdraw cash via my card all the time.
I think some users have to do KYC to withdraw cash though.
Edit: https://bitcointalk.org/index.php?topic=178336.587100
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4880. (Read 26608435 times)
August 21, 2021, 06:47:43 PM
They didn't, I withdraw cash via my card all the time.
I think some users have to do KYC to withdraw cash though.
Edit: https://bitcointalk.org/index.php?topic=178336.587100
August 21, 2021, 06:47:17 PM
Airplane tickets
Deflation of 6.40%
Deflation of 6.40%
This is not really a fair one, considering that even econo seats back then had enough leg room and other perks to feel almost first class.
August 21, 2021, 06:40:03 PM
Good read. So when prices go up, consumers are forced to buy cheaper products, and thus there has been no inflation? Devious!
Or like when the price of new cars and trucks skyrocket due to supposed "supply chain constraints", people are forced to purchase used cars and trucks at exorbitantly sky-high prices...
...so there isn't really anything cheaper.
Oh wait...
August 21, 2021, 06:38:04 PM
Someone being "bitcoin whimp" in the past is OK and would not matter in the slightest when btc would be at $0.5mil (gold parity) if you started smallish and DCAed for a while.
One the other hand, 'front-running' the whimp could be sweet too
One the other hand, 'front-running' the whimp could be sweet too
In order for gold parity to come I believe the gold market will tank real hard so when it happens the market cap of gold will have reduced massively, like 50% for example.
Due to this it will happen far quicker than anyone realises as gold races down in price while Bitcoin rises at the same time as people pull money out of gold and put it into Bitcoin.
At some point they will meet somewhere in the middle and it will be way lower than half a million a coin.
I'm going to name this 'The Bitcoin/Gold Cross' - when it crosses the gold market cap....
It very well might happen and btc and gold 'meet' each other at, say, btc 250K instead of ~500K.
If that happens, though, I don't think that btc will stop there
August 21, 2021, 06:35:47 PM
Lets look at inflation. 20 years ago vs now.
Price of a new car, 20 years ago. US labor statistics bureau.Thats adjusted for inflation, etc. everything in 2001 dollars for clarity
6.25% total inflation over 20 years.
Clothing
100$/94.24$
Deflation of 5.76%
Airplane tickets
Deflation of 6.40%
TV's are 96% lower. keep in mind this is an equivalent purchase. in 2001 you would not buy a 72 inch tv.
Everything related to technology and outsourcing is in a deflation state due to technological advancement, increased productivity and exploitation of 3rd world countries.
Now why do people think there is inflation ? Because everything related to goods that are commodities/consumables has inflation
BACON = 80% HIGHER
BEER = 50% HIGHER
ELECTRICITY = 60% HIGHER
GAS = 97% HIGHER
So our society = everything durable/tech = much cheaper all the time = increased quality of life for cheaper = better world
everything consumable = much more expensive all the time
Solution ? Just buy bitcoin.
Price of a new car, 20 years ago. US labor statistics bureau.
6.25% total inflation over 20 years.
Clothing
100$/94.24$
Deflation of 5.76%
Airplane tickets
Deflation of 6.40%
TV's are 96% lower. keep in mind this is an equivalent purchase. in 2001 you would not buy a 72 inch tv.
Everything related to technology and outsourcing is in a deflation state due to technological advancement, increased productivity and exploitation of 3rd world countries.
Now why do people think there is inflation ? Because everything related to goods that are commodities/consumables has inflation
BACON = 80% HIGHER
BEER = 50% HIGHER
ELECTRICITY = 60% HIGHER
GAS = 97% HIGHER
So our society = everything durable/tech = much cheaper all the time = increased quality of life for cheaper = better world
everything consumable = much more expensive all the time
Solution ? Just buy bitcoin.
So you're basically saying that since I can buy a VCR or Nintendo Entertainment System for $5 at a yard sale, life has gotten cheaper and inflation doesn't exist? Uhm, no.
https://www.usinflationcalculator.com/
Handy Calculator that draws from the same data that you were trying to cherry pick says inflation from 2001 to 2021 is 54.2% and in real world terms that still seems like an artificially suppressed statistic to make the Fed look better.
86.3% of all statistics are randomly pulled out of somebody's ass to prove a point. Trick is to figure out what point that ass is trying to prove.
Buy Bitcoin.
Where did he ever mention buying used goods?
He is right, electronic stuff and the likes are much cheaper now than 20 years ago, and consumables are more expensive, in 2001 dollars/adjusted for inflation, both go in to the calculation of inflation/deflation. That's not cherry picking, that's economics.
August 21, 2021, 06:33:40 PM
... he sure does talk a lot... 
... A F^'*KING LOT !!!
... A F^'*KING LOT !!!He has a lot more to say than some no-coiner
August 21, 2021, 06:29:02 PM
accept bitcoin..and prosper
fight bitcoin..and experience severe economic hardship of the population in 5-10, maybe 20 years max...how long do you think thy can print fiat without affecting the bond market?
August 21, 2021, 06:06:19 PM
August 21, 2021, 06:01:26 PM
August 21, 2021, 05:57:43 PM
waiting btc $ 50k
...and my 1st thought was "uh-oh, jay must have got hacked! .... he never posts less than a page..."
this is Jay's shortest post I've ever seen
The battle for $50k seems to be ongoing, but sure, the trade volume does not seem to be very high, at least not so far.
So, as I type this post, within the past 20 minutes king daddy has gotten within $167 of negating such still existing pollening.
So, as I type this post, within the past 20 minutes king daddy has gotten within $167 of negating such still existing pollening.
...and my 1st thought was "uh-oh, jay must have got hacked! .... he never posts less than a page..."
this is Jay's shortest post I've ever seen
For a guy that has like 3 BTCiTcoins in his name, he sure does talk a lot...
... A F^'*KING LOT !!! 
August 21, 2021, 05:53:45 PM
Good read. So when prices go up, consumers are forced to buy cheaper products, and thus there has been no inflation? Devious!
August 21, 2021, 05:01:27 PM
August 21, 2021, 04:48:22 PM
So you're basically saying that since I can buy a VCR or Nintendo Entertainment System for $5 at a yard sale, life has gotten cheaper and inflation doesn't exist? Uhm, no.
https://www.usinflationcalculator.com/
https://www.usinflationcalculator.com/
This one worth a look if you haven't seen it before too.
http://www.shadowstats.com/alternate_data/inflation-charts
http://www.shadowstats.com/article/no-438-public-comment-on-inflation-measurement
August 21, 2021, 04:33:06 PM
weeeeeeeeeeeeeeeeeeeeAPE OUTTTTTT REEEEEE =)))) LOLZZZ 100K SOON/???
August 21, 2021, 04:06:06 PM
Someone being "bitcoin whimp" in the past is OK and would not matter in the slightest when btc would be at $0.5mil (gold parity) if you started smallish and DCAed for a while.
One the other hand, 'front-running' the whimp could be sweet too
One the other hand, 'front-running' the whimp could be sweet too
In order for gold parity to come I believe the gold market will tank real hard so when it happens the market cap of gold will have reduced massively, like 50% for example.
Due to this it will happen far quicker than anyone realises as gold races down in price while Bitcoin rises at the same time as people pull money out of gold and put it into Bitcoin.
At some point they will meet somewhere in the middle and it will be way lower than half a million a coin.
I'm going to name this 'The Bitcoin/Gold Cross' - when it crosses the gold market cap....
August 21, 2021, 04:02:18 PM
This weekend, any chance?
August 21, 2021, 04:01:40 PM
August 21, 2021, 03:50:38 PM
jjg, you got it exactly backwards...as usual.
August 21, 2021, 03:24:15 PM
waiting btc $ 50k
...and my 1st thought was "uh-oh, jay must have got hacked! .... he never posts less than a page..."
this is Jay's shortest post I've ever seen
The battle for $50k seems to be ongoing, but sure, the trade volume does not seem to be very high, at least not so far.
So, as I type this post, within the past 20 minutes king daddy has gotten within $167 of negating such still existing pollening.
So, as I type this post, within the past 20 minutes king daddy has gotten within $167 of negating such still existing pollening.
...and my 1st thought was "uh-oh, jay must have got hacked! .... he never posts less than a page..."
this is Jay's shortest post I've ever seen
August 21, 2021, 03:15:12 PM
I am 100% certain that a LOT of professional traders who are newly into Bitcoin made an error because of this particular fake out. I mean... I suppose I can be wrong about where we are headed and this is a dead cat? But I doubt it.
This is an over-classic spot on formation at the end of a parabolic run to all time highs. I guarantee that a LOT of money traded out of this.
I remember seeing Microstrategy announcing new buys over and over during the 3-4 month correction. And I can remember pros commenting on them sending good money after bad, and pointing out the levels at which they would be under water.
This is not a post saying "HA HA! Look at the dumb 'professionals!'". They are good at what they do. And notice I said "the ones new to bitcoin". Because the ones that UNDERSTAND bitcoin a bit more were... well, doing what Saylor did.
One more bit of thought... A lot of really smart professional money got out in the 60 to 45 range. So part of this rally will be them getting back in while they are still at a discount. It's sort of an implied short squeeze. And for some it is probably as REAL short squeeze. But others just have money on the sidelines like Raja... They are going to be buying in more as the price starts to continue to head up, because more of them will be hedging under their sale price that they were wrong.
And Voila. They were.
Feel free to dig this quote up and post it to embarrass me in 6 months:
We are now entering the next phase of the bullsplosion. And I think it is highly likely to be the uber-face-melter.
But it won't get quoted. Because it will be correct.
Cards face up. All in.
Love you folks.
(PS. I think the real tell will be the volume over the next month or so... If it stays low then all the above theories were wrong. If we see it start to build from here??? CCMF)
This is an over-classic spot on formation at the end of a parabolic run to all time highs. I guarantee that a LOT of money traded out of this.
I remember seeing Microstrategy announcing new buys over and over during the 3-4 month correction. And I can remember pros commenting on them sending good money after bad, and pointing out the levels at which they would be under water.
This is not a post saying "HA HA! Look at the dumb 'professionals!'". They are good at what they do. And notice I said "the ones new to bitcoin". Because the ones that UNDERSTAND bitcoin a bit more were... well, doing what Saylor did.
One more bit of thought... A lot of really smart professional money got out in the 60 to 45 range. So part of this rally will be them getting back in while they are still at a discount. It's sort of an implied short squeeze. And for some it is probably as REAL short squeeze. But others just have money on the sidelines like Raja... They are going to be buying in more as the price starts to continue to head up, because more of them will be hedging under their sale price that they were wrong.
And Voila. They were.
Feel free to dig this quote up and post it to embarrass me in 6 months:
We are now entering the next phase of the bullsplosion. And I think it is highly likely to be the uber-face-melter.
But it won't get quoted. Because it will be correct.
Cards face up. All in.
Love you folks.
(PS. I think the real tell will be the volume over the next month or so... If it stays low then all the above theories were wrong. If we see it start to build from here??? CCMF)
I agree. I'm not sure to say if volume is really moving up though, more like leverage is coming back. And that's the problem with excessive leverage, it masks the underlying true volume. We also see hashrate edging up, which is a good and positive sign.
Could this be a massive head fake bull trap that merely forms a double top? Yeah, maybe. But as you indicated, the Michael Saylors and Elon Musks of the world weren't exactly sweating the fall into the $30k's or below. And Saylor, Dorsey, and Wood were actually buying more during that time, a lot more. It was almost as if they knew something that we didn't, that there was a floor...hmmm...insider information must be great when you are wealthy. Lol.
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