The treasury general account reaches 1 trillion and all this money is not going back into the market due to the shutdown. No liquidity in the market. So everything is down except USD. We need it to reopen and QT to end so we can resume the bull run
Digitized gold is very easy to trade. Functionally the same as Bitcoin but with a real asset as a base, and has the physical option. The idea that crypto could be hacked at some point in the future is not a huge worry for me atm, but the fact remains that physical gold is not capable of being hacked in any way. Except the digitized gold which puts it on a similar level to Bitcoin. However I will absolutely not agree that USDT is the same as USD. That shit is absolutely not backed by dollars 1:1, evidenced by how freely they issue more USDT, and you can only cash out USDT until there is a real liquidity crisis. And then suddenly it's not worth anything. I would be so much more forgiving to Bitcoin without USDT's involvement
That’s just not true. You know gold is digitalized now right? Gold isn’t really easy to trade in large sums, a million dollars worth of gold, you need a truck to transport that, people to load it on and off, gold now is mostly just digitalized receipts of the gold you buy, you don’t actually take the gold.
And when has bitcoin ever been hacked? Can’t say you can hack something when it’s never been hacked
And USDT is just USD lol no real difference, I cash out USDT I get USD
So all this drop was just based on vibes being off? Burry and bank CEO surely didnt help, but there was no particular 'event' or miss that started all this? I guess well PLTR technically yesterday not doing 100% growth to justify its overvalued price was a reminder that AI is.. well speculative? And since gold/silver and BTC are all ghey, the best thing to do is sit on USD/Bonds?
Is this whats going on? Or its the politicks: Momdami winning today, Supreme court tomorrow? Now that I think of it, there's not a single good news left, so everyone just sold? and we all compounded on each other's selling leading to ASIA -> EU -> USA global sell-off?
yeah but is there an easy way to check that at a glance? also I think a USD dollar shortage is the most relevant out of all fiat. DXY is an easy way to check if there's a dollar shortage
I think USD vs other currencies is more useful to tell if there's a dollar shortage. Dollar shortage = bull r fuk.
Which commodities would you be looking at?