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[ATTACH=full]187892[/ATTACH][ATTACH=full]187891[/ATTACH][ATTACH=full]187890[/ATTACH][ATTACH=full]187889[/ATTACH][ATTACH=full]187888[/ATTACH][ATTACH=full]187887[/ATTACH][ATTACH=full]187886[/ATTACH][ATTACH=full]187885[/ATTACH][ATTACH=full]187883[/ATTACH]

So bitcoin is described as a 'harder asset' than gold. This is based on the limited supply of 21M coins, as opposed to the gradually expanding supply of gold being mined every year.

I would apply Karl Popper's argument to this.

No matter how many days/years have passed without someone being able to create a new bitcoin, this remains unproven. The first time a new bitcoin is created, this proves the first assertion false.

BTC is man-made. It has been designed to be 'unbreakable'. The bet is that this is a true statement. The bet is against the advance of technology and man's inventiveness.

If there is a successful, let's call it forgery, BTC immediately goes to zero based on the current arguments for its valuation.

Gold on the other hand has resisted man's inventiveness for 7000yrs+.

[ATTACH=full]187893[/ATTACH]

The PUT/CALL ratio reached an extreme from an extreme.

Oil is still keeping a lid on the danger of a high USD.

[ATTACH=full]187894[/ATTACH]

Liquidity came into the Bond market biggly. No idea where it came from currently.

[ATTACH=full]187895[/ATTACH]

Obviously the UST market was having issues. The number of 'fails' was very high which indicates hoarding by the Primary Dealers (usually) or some of the larger players, Insurance Co, Pension Funds, etc. My guess is that it came from the Treasury via the TGA, although due to the way that data is provided it won't show for a while or the Fed.

If POO starts to rally, watch the 10yr yield start to move higher and stocks start to fall.

To me it looks like POO has bottomed in its range and will trade higher. With the USD where it is, $80 oil could be an issue.

jog on
duc

<blockquote data-quote="ducati916" data-source="post: 1304245" data-attributes="member: 2975">[ATTACH=full]187892[/ATTACH][ATTACH=full]187891[/ATTACH][ATTACH=full]187890[/ATTACH][ATTACH=full]187889[/ATTACH][ATTACH=full]187888[/ATTACH][ATTACH=full]187887[/ATTACH][ATTACH=full]187886[/ATTACH][ATTACH=full]187885[/ATTACH][ATTACH=full]187883[/ATTACH]So bitcoin is described as a &#039;harder asset&#039; than gold. This is based on the limited supply of 21M coins, as opposed to the gradually expanding supply of gold being mined every year.I would apply Karl Popper&#039;s argument to this.No matter how many days/years have passed without someone being able to create a new bitcoin, this remains unproven. The first time a new bitcoin is created, this proves the first assertion false.BTC is man-made. It has been designed to be &#039;unbreakable&#039;. The bet is that this is a true statement. The bet is against the advance of technology and man&#039;s inventiveness.If there is a successful, let&#039;s call it forgery, BTC immediately goes to zero based on the current arguments for its valuation.Gold on the other hand has resisted man&#039;s inventiveness for 7000yrs+.[ATTACH=full]187893[/ATTACH]The PUT/CALL ratio reached an extreme from an extreme.Oil is still keeping a lid on the danger of a high USD.[ATTACH=full]187894[/ATTACH]Liquidity came into the Bond market biggly. No idea where it came from currently.[ATTACH=full]187895[/ATTACH]Obviously the UST market was having issues. The number of &#039;fails&#039; was very high which indicates hoarding by the Primary Dealers (usually) or some of the larger players, Insurance Co, Pension Funds, etc. My guess is that it came from the Treasury via the TGA, although due to the way that data is provided it won&#039;t show for a while or the Fed.If POO starts to rally, watch the 10yr yield start to move higher and stocks start to fall.To me it looks like POO has bottomed in its range and will trade higher. With the USD where it is, $80 oil could be an issue.jog onduc</blockquote>

[QUOTE="ducati916, post: 1304245, member: 2975"] [ATTACH type="full"]187892[/ATTACH][ATTACH type="full"]187891[/ATTACH][ATTACH type="full"]187890[/ATTACH][ATTACH type="full"]187889[/ATTACH][ATTACH type="full"]187888[/ATTACH][ATTACH type="full"]187887[/ATTACH][ATTACH type="full"]187886[/ATTACH][ATTACH type="full"]187885[/ATTACH][ATTACH type="full"]187883[/ATTACH] So bitcoin is described as a 'harder asset' than gold. This is based on the limited supply of 21M coins, as opposed to the gradually expanding supply of gold being mined every year. I would apply Karl Popper's argument to this. No matter how many days/years have passed without someone being able to create a new bitcoin, this remains unproven. The first time a new bitcoin is created, this proves the first assertion false. BTC is man-made. It has been designed to be 'unbreakable'. The bet is that this is a true statement. The bet is against the advance of technology and man's inventiveness. If there is a successful, let's call it forgery, BTC immediately goes to zero based on the current arguments for its valuation. Gold on the other hand has resisted man's inventiveness for 7000yrs+. [ATTACH type="full"]187893[/ATTACH] The PUT/CALL ratio reached an extreme from an extreme. Oil is still keeping a lid on the danger of a high USD. [ATTACH type="full"]187894[/ATTACH] Liquidity came into the Bond market biggly. No idea where it came from currently. [ATTACH type="full"]187895[/ATTACH] Obviously the UST market was having issues. The number of 'fails' was very high which indicates hoarding by the Primary Dealers (usually) or some of the larger players, Insurance Co, Pension Funds, etc. My guess is that it came from the Treasury via the TGA, although due to the way that data is provided it won't show for a while or the Fed. If POO starts to rally, watch the 10yr yield start to move higher and stocks start to fall. To me it looks like POO has bottomed in its range and will trade higher. With the USD where it is, $80 oil could be an issue. jog on duc [/QUOTE]

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