Topic: Are there any relationship between Gold and Bitcoin ? - page 5. (Read 885 times)
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.
"Are there any relationship between Gold and Bitcoin ?"
No. Bitcoin has only a slightly positive correlation with the other assets. But Bitcoin is a better investment for short-term potential gain—but you also have the potential to lose a lot of money. Gold, however, is a stable investment that is almost guaranteed to return on your investment in the long term.
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.
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.
I think BTC is on the way to become digital gold. With more years pass people treat it like that.
Bitcoin and gold to deference currency. I think don't have any connection in there. If you follow bitcoin price chart you saw that bitcoin price all time increase and decrease but gold price can not increase and decrease in same way.
So i think don't have any relationship between Gold and bitcoin.
So i think don't have any relationship between Gold and bitcoin.
There is no relationship between Gold and Bitcoin. They are completely different commodities. Both have value in the market and they are in a flammable state. Their prices fluctuate. Gold and Bitcoin can be invested in both places and profit can be gained, but sometimes there is a loss. There is more difference as Gold is our tradition and Bitcoin is the online currency. Which is also called proximate currency. It is generally understood that there is no relationship or similarity between them.
Apart from a store of value I don't think they have more of similarities or relationship to connect with. Even if gold pumps there's still huge gap especially on gain it has even just this year alone.
first of all we can see how the positions of the two assets. Based on this fact, there is a lot of speculation that says gold and bitcoin have a correlation. and not a few also said there was no correlation. So which I think is both true, because gold is a real asset and can be seen from its physical form, it is mined with various heavy equipment. while bitcoin is digital gold that can only be mined using software on a computer, bitcoin is in limited supply whereas gold is not.
I have noticed this since I started trading. Bitcoin has long become a part of the financial world where gold is an essential part. When bitcoin was created, not many impacted were made by it. But now, a single move of either bitcoin or gold can affect each others. Sometimes, both bitcoin and gold climb to a new high without interrupting each other. But if you belong to the technical analysis, dont waste your time to look at both chart simultaneously because it obscures your vision. The less information you have, the more correct prediction can be made
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I don't think they have an official relationship. But it could happen that some biggest (Investor/whale) man is loving both BTC and Gold. That when they buy bitcoin crypto market turned into Bullish and when they sell bitcoin they buy GOLD so that they can also make some profit from here. It's my personal opinion it could be wrong or right. But I don't believe there is any relationship between GOld and BTC.
This is my opinion as a person who does not know specific knowledge in this matter. I guess what all connected markets mean is the circulating money for traders right? so for example the bitcoin trend is strong then people will start diverting their funds for bitcoin trading. and vice versa, because the value of this fund is not small so it will affect the price movements of bitcoin and gold
Err I don't think so. There may be some minor connections, but that's it, it would only be minor ones that honestly could be contributed to coincidence most of the time. In the first place, there's no correlation between the two markets other than both of them being safe assets, and they could even to be said polar opposites as a safe asset. Gold is a safe asset and has stood tests against time, having a stable price for years, while Bitcoin is also a safe asset but has continued to test itself, pushing boundaries to reach the current price it has right now. Sure, some people may say that people moved form Gold to BTC due to it being an asset that actually increases in price, but let's not forget how BTC also has the tendency to fall down, making investors lose profits.
I believe there were always some correlations between Gold and BTC price, but after the recent pandemic Bitcoin tends to follow SPX/USD more and if you compare SPX/USD and BTC/USD chart side by side you will see the obvious similar pattern in their charts and trends.
But the correlation between Gold and BTC makes sense since both are more decentralized ways of storing value comparing to Fiat, after all when people buy Bitcoin or Gold they want to have some kind of an asset that won't be affected by world crisis and government issues which could ultimately lead to devaluation of national currencies.
But the correlation between Gold and BTC makes sense since both are more decentralized ways of storing value comparing to Fiat, after all when people buy Bitcoin or Gold they want to have some kind of an asset that won't be affected by world crisis and government issues which could ultimately lead to devaluation of national currencies.
Bitcoin is almost, but not entirely different from gold. The only similarity between bitcoin and gold is that, for both things, individuals sometimes exchange goods and services, or tokens representing goods and services.
Gold has a good correlation with Bitcoin before the growth of bitcoin in last quarter. Some people believe gold will follow the growth of bitcoin with a little delay of few weeks. I have my strong belief in the growth of precious metals include gold but the growth of bitcoin caught too many capital and other assets need to wait the cool down of bitcoin to attract new capital flow. Without new capital flow, the other assets will not rise.
Bitcoin and Gold Correlation Reaches Record High 70%
Bitcoin and Gold Correlation Reaches Record High 70%
Of course not.
They don't have any correlation with each other. It might just be a coincidence that bitcoin pumps and gold dump. In the first place, they are far too different and having a relationship with each other might not be possible. Inflation of gold is not also related with the volatile matket of bitcoin.
This may be a good article to read bout their differences.
They don't have any correlation with each other. It might just be a coincidence that bitcoin pumps and gold dump. In the first place, they are far too different and having a relationship with each other might not be possible. Inflation of gold is not also related with the volatile matket of bitcoin.
This may be a good article to read bout their differences.
This has been discussed so many times, comparing Bitcoin to the stock market or gold.
We always comparing them to if there is a relationship between these valuable assets, but it has a long debuted from members the comparison or the relationship they had. But for me, they don't have a direct correlation because they had different cons and pros.
I saw a thread last week created by @Hydrogen, here you may take a look at the price chart.
As you can see, they don't have the same pattern.
And the existent topics.
We always comparing them to if there is a relationship between these valuable assets, but it has a long debuted from members the comparison or the relationship they had. But for me, they don't have a direct correlation because they had different cons and pros.
I saw a thread last week created by @Hydrogen, here you may take a look at the price chart.
And the existent topics.
Bitcoin isn't directly correlated to the price of gold but there's some exception to this. For instance, when government started to initiate a lockdown in March, it caused a market dump unlike anything I've seen before. This drop wasn't just restricted to crypto but also to stocks and the forex market. It was not until the last 2-4 months that everything started getting back to their prices prior to the lockdown dump. As a side note, over the course of my trading career, I've seen some stocks/forex assets that has correlated with Bitcoin but these happens from time to time.
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.
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