There is no connection between Gold and Bitcoin, if you see that there are similarities in the price movements of the two, it's just a coincidence.
Maybe it is influenced by the global economy that is happening, or news that does affect economic policy. Because basically Gold and Bitcoin are
different assets, even if you do your research properly it should also find significant differences between Gold and Bitcoin. But both Gold and Bitcoin
are the safest assets in the current economic crisis as a store of value.
Topic: Are there any relationship between Gold and Bitcoin ? - page 4. (Read 824 times)
hmmm, yeah ... the correlation between BTC and Gold is like the correlation between sun and moon
wen the moon goes up the sun goes down , and vice versa
sometimes you can see the moon and the sun the same time and sometimes they both gone.
go figure..
Happy new year
Well, based on my observation I see that they don't have a relationship between gold and bitcoin. But sometimes these two valuable assets will do the same movement due to the trend of the community but that is sometimes a coincidence. If you will analyze it well, bitcoin has a fixed amount so, it is totally different from gold because gold has an unlimited supply which miners can reproduce gold year by year. However, it is impossible to have a relationship since there are very opposite to each other.
Hello Everyone,
Wish you a Merry Christmas!
I am a crypto trader as well as a forex trader. I started working on forex recently. I saw some relationship between BTC and Gold. When the BTC pump Gold will fall. On the other hand when a Gold pumps, Btc down. Are there any who noticed this?
Wish you a Merry Christmas!
I am a crypto trader as well as a forex trader. I started working on forex recently. I saw some relationship between BTC and Gold. When the BTC pump Gold will fall. On the other hand when a Gold pumps, Btc down. Are there any who noticed this?
No they aren't correlated!
There might be lots of talks and sayings that Bitcoin and Gold are just having some similarities but when it comes to market then they are different.
When it comes to that observation of yours then its just pure coincidence just like when you do trade up with other fiat currencies with other ones
where there's always some bias when it comes to price.
Don't try to correlate them and basing up into their price differences.
Actually, I m not going to connect them. They haven't any inter connection between them. I m talking about the price changes when whales are moving between BTC and Gold.
I do not really think there are any relationship between bitcoin and gold, it is us investors, traders, newbies that try to relate them to one another in terms of the value they bring to the table. Bitcoin is bullish long term, gold has been dominant and consistent since the beginning of the world. Would i invest in bitcoin and gold ? Yes but bitcoin first always.
Thank you for your idea !
No, they are not.
This is the same speculation as stocks and bitcoin. Whenever the two have good and bad effects, the other is sometimes going with the flow or doing the opposite. That's the correlation that many have been speaking but in all understanding, they are not connected.
We seem to compare them because these two are the hottest assets that we have in the world. But if ever bitcoin moves and the other plunges, there's no connection to it. That's the only typical market that we see.
This is the same speculation as stocks and bitcoin. Whenever the two have good and bad effects, the other is sometimes going with the flow or doing the opposite. That's the correlation that many have been speaking but in all understanding, they are not connected.
We seem to compare them because these two are the hottest assets that we have in the world. But if ever bitcoin moves and the other plunges, there's no connection to it. That's the only typical market that we see.
My point is Investors(Whales) are moving between Gold and Bitcoin. I didn't mean just one or two whales. I mean something larger moves with Billions, between these two. Coz I always note If BTC pump there is a dump of Gold.
I believed that every market globally is connected to each other including Gold. We have seen the negative effect of Covid-19 in March, all of them went nose diving. But there are also proponents that there are no correlation specially in the last couple of months wherein bitcoin was really on a super fast rally. I will advise you to read threads for reference:
[1] [UPDATED] Bitcoin vs Gold vs The US Stock Market(US500)
[2] what would be relationship between bitcoin and stockmarket?
Thank you! I will go through this thread! [1] [UPDATED] Bitcoin vs Gold vs The US Stock Market(US500)
[2] what would be relationship between bitcoin and stockmarket?
Hello Everyone,
Wish you a Merry Christmas!
I am a crypto trader as well as a forex trader. I started working on forex recently. I saw some relationship between BTC and Gold. When the BTC pump Gold will fall. On the other hand when a Gold pumps, Btc down. Are there any who noticed this?
Not all the times and there is no proportion to both assets in the market, maybe people moving from one to another caused such movements but the market cap of gold is actually a way huge than bitcoin's at the moment so I am not convinced that movement of one is affecting other.Wish you a Merry Christmas!
I am a crypto trader as well as a forex trader. I started working on forex recently. I saw some relationship between BTC and Gold. When the BTC pump Gold will fall. On the other hand when a Gold pumps, Btc down. Are there any who noticed this?
Yeah right, there's time that both are down and there are also time that both are moving upwards, though they've got some relations
since traders are just switch places, pump may happen to one venue while the other one will experienced dump, it's all about money
and how traders and investors work it out.
Bitcoin and gold have a small connection in my opinion. Both gold and bitcoin were based on the demand to supply. With bitcoin it is completely associated with technology whereas gold is connected with the natural resource. Gold has got long years of history and the same has made it to be more valuable. With bitcoin, it is very young and much to be reached.
Frankly speaking gold is still the most dominant form of savings because it is backed by central government and there is a certain trust people associate with gold. Bitcoin without a doubt is a solid investment but there is always that uncertainty and people only invest into bitcoins what they can afford to lose which does not gives too much confidence.Not all the times and there is no proportion to both assets in the market, maybe people moving from one to another caused such movements but the market cap of gold is actually a way huge than bitcoin's at the moment so I am not convinced that movement of one is affecting other.
They are related because when someone is selling their savings in gold that means they are more likely shifting their vision and might be investing into bitcoins so gold and bitcoins are inversely proportional to each other I think. Hello Everyone,
Wish you a Merry Christmas!
I am a crypto trader as well as a forex trader. I started working on forex recently. I saw some relationship between BTC and Gold. When the BTC pump Gold will fall. On the other hand when a Gold pumps, Btc down. Are there any who noticed this?
Not all the times and there is no proportion to both assets in the market, maybe people moving from one to another caused such movements but the market cap of gold is actually a way huge than bitcoin's at the moment so I am not convinced that movement of one is affecting other.Wish you a Merry Christmas!
I am a crypto trader as well as a forex trader. I started working on forex recently. I saw some relationship between BTC and Gold. When the BTC pump Gold will fall. On the other hand when a Gold pumps, Btc down. Are there any who noticed this?
Yeah right, there's time that both are down and there are also time that both are moving upwards, though they've got some relations
since traders are just switch places, pump may happen to one venue while the other one will experienced dump, it's all about money
and how traders and investors work it out.
As everyone should know, the market consists of different people, and we are all connected depending on how much people are involved in both parties. Let's see the current situation. We have reached a new ATH, and we continue to rise. It’s probably because the money in Gold was withdrawn and Input into BTC. This is possible but cannot be proven totally. Maybe through indicators like volume to determine if there is an increase in the following asset pump and a decrease in the asset dump.
It’s all speculation, though. What matters is to be continuously investing and trying to compound your account.
It’s all speculation, though. What matters is to be continuously investing and trying to compound your account.
At first glance, it would be like that especially if you have been with forex for a long time or new to it.
But, you will find out once you get used to it.
It would be better to not compare them. Let it be a different kind of trading process and different market approach.
I think you will be fine in the future as long as you can read the market clearly.
But, you will find out once you get used to it.
It would be better to not compare them. Let it be a different kind of trading process and different market approach.
I think you will be fine in the future as long as you can read the market clearly.
As far as I know, it's complicated perhaps it is related but both systems have different from each side, at the present, it is equally known even if the gold is ahead and probably its job requires a lot of miners and it is really limited time compared with Bitcoin that, on the first place it is digitally proven to serve people anytime without rest.
Actually bitcoins are more limited and hence way more precious than gold and both of them require some work to be done to obtain them like gold has to be mined by going through a funnel of processes and bitcoins we know we have to waste some power to mine the coins.Bitcoins are more and more limited and with time while gold can be mined and there is absolutely no fixed value of gold available although rare but it is not by any means in critically low supply yet.
I was trying to read and analyse a few charts but could not find any relation in the market movement of them both.
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maybe not the connection in question, but in common, the similarity of Bitcoin and gold is that these two assets are very valuable and of course decentralized, gold is in the world, and bitcoin is in cyberspace, and also has a limited total supply, this is the similarity and connection occurs because people believe these two assets are the same
Well although there's this common thought that gold has a finite supply spreading around but in reality that can't be proven. While with bitcoin we know on this particular day the last bitcoin will be mine which means there can't be more than 21 million bitcoin in circulation but that of Gold can't be bet on as new gold will be mined from the ground until the world comes to an end.
That been said then it won't appropriate saying both gold and bitcoin has a finite supply and that's the similarities between then. Sometimes we need to disregard the bullshit the government tell us just to have control over our financial life.
There's no relationship between gold and bitcoin. Bitcoin is miles ahead of gold. In the market there'll be scenario when it seems like some particular assets are moving in the same direction but with time you'll realize it was just a coincidence and not meaning both asset are related.
Hello Everyone,
Wish you a Merry Christmas!
I am a crypto trader as well as a forex trader. I started working on forex recently. I saw some relationship between BTC and Gold. When the BTC pump Gold will fall. On the other hand when a Gold pumps, Btc down. Are there any who noticed this?
Not all the times and there is no proportion to both assets in the market, maybe people moving from one to another caused such movements but the market cap of gold is actually a way huge than bitcoin's at the moment so I am not convinced that movement of one is affecting other. Wish you a Merry Christmas!
I am a crypto trader as well as a forex trader. I started working on forex recently. I saw some relationship between BTC and Gold. When the BTC pump Gold will fall. On the other hand when a Gold pumps, Btc down. Are there any who noticed this?
Hello Everyone,
Wish you a Merry Christmas!
I am a crypto trader as well as a forex trader. I started working on forex recently. I saw some relationship between BTC and Gold. When the BTC pump Gold will fall. On the other hand when a Gold pumps, Btc down. Are there any who noticed this?
That's a good observation that you made. Wish you a Merry Christmas!
I am a crypto trader as well as a forex trader. I started working on forex recently. I saw some relationship between BTC and Gold. When the BTC pump Gold will fall. On the other hand when a Gold pumps, Btc down. Are there any who noticed this?
It is known that there is some sort of relationship between Bitcoin and Gold, and in particular, a negative correlation. Much like one you described.
However, I find that this is not always holding true, and it is my belief that only when a large economic factor like the pandemic affects most of the investors out there the relationship becomes more obvious.
In other words, when a large number of investors turn away from Gold, often they'd invest in Bitcoin. Obviously this is a dynamic process and can occur in either direction, though lately it has been in Bitcoin's favour.
) and if bitcoin goes down gold goes up, but this works only on regular ordinary days.However what I have realized if there is a huge news, something major, like stock market crash, something that will affect everyone, that usually means either most things crash together, or they go up together as well. It is just that way for some reason, no idea why or how. The latest example would be pandemic, in march we have seen stocks go down, most fiat devalued, golds go down, bitcoin go down, oil go down and any other thing you can think of went down as well, hell even house prices went down for a while which was weird because historically that never happens.
Bitcoin and gold have a small connection in my opinion. Both gold and bitcoin were based on the demand to supply. With bitcoin it is completely associated with technology whereas gold is connected with the natural resource. Gold has got long years of history and the same has made it to be more valuable. With bitcoin, it is very young and much to be reached.
They (2 assets, gold and bitcoin) don't have dirrect connection but they have indirect connection through the general global economic status. The global economy decides how investors will spend their capital and to which assets. Bitcoin and gold are both considered as assets for storage and despite of the younger ages of bitcoin, in last quarter of 2020, bitcoin is more favorite than gold as a storage asset for investors.This change breaks the good correlation of bitcoin and gold in previous months this year but soon gold will break out. If you are disappointed with gold performance, let look at what bitcoin made you disappointed before its break out and parabolic growth.
I think, bitcoin has no connection with gold. Because, gold is a precious metal, on the other hand, bitcoin is a digital currency. Now the time is for bitcoin, cause the price of bitcoin is increasing. On the other hand, the price was gold increasing previous few month and it can happen in next month or now.
maybe not the connection in question, but in common, the similarity of Bitcoin and gold is that these two assets are very valuable and of course decentralized, gold is in the world, and bitcoin is in cyberspace, and also has a limited total supply, this is the similarity and connection occurs because people believe these two assets are the same
Bitcoin and gold have a small connection in my opinion. Both gold and bitcoin were based on the demand to supply. With bitcoin it is completely associated with technology whereas gold is connected with the natural resource. Gold has got long years of history and the same has made it to be more valuable. With bitcoin, it is very young and much to be reached.
Hello Everyone,
Wish you a Merry Christmas!
I am a crypto trader as well as a forex trader. I started working on forex recently. I saw some relationship between BTC and Gold. When the BTC pump Gold will fall. On the other hand when a Gold pumps, Btc down. Are there any who noticed this?
Wish you a Merry Christmas!
I am a crypto trader as well as a forex trader. I started working on forex recently. I saw some relationship between BTC and Gold. When the BTC pump Gold will fall. On the other hand when a Gold pumps, Btc down. Are there any who noticed this?
That was just your own speculations only, because for me they don't have any relationship. Literally speaking, Gold is physically touch while bitcoin is not. But possible Bitcoin can be the digital Gold, its more on realistic anyway. But for now I don't know if the price of Gold is down while bitcoin at the moment kicked it price value in the market at almost close to 28k$ each.
This thread makes me curious about the OPs topic and by the time that i have read these thread also leave me a question if does it has a relationship. But in my own opinion i didn't see any connection or even relation for both has their own respective areas where it was valuable. Though can't deny the fact that gold wasn't depreciate its value but knowing bitcoin todag i bet that this is also a one of a kind of gold in other dimension.
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