Bitcoin moves like Gold? - page 3. | Bitcointalksearch.org

xiboothrezi

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Quote from: adzino on January 31, 2020, 06:47:05 PM

Like in what sense are you wondering if the price of bitcoin moves like a gold or not? The price of bitcoin and other crypto currencies are extremely volatile. Within seconds the price of bitcoin and other cryptocurrencies can jump or fall down badly. But the price of gold is more stable compared to the price of crypto currencies. We don't see much price difference taking place within few seconds.
If you are saying that the price of bitcoin and gold follows each other, then I guess that is just a coincidence. I see no reason for bitcoin to follow the price of gold.

Bitcoin is bitcoin, it is not affected or follows any commodity or other currency in the world. Bitcoin has a very unique niche in its own way. it's just that many people who analogize it with gold, as something that is most valuable and potential to be invested, with a record of higher risk. In general, it is almost the same, it must be mined, the amount is limited, and because of its scarcity that prices tend to rise, but differ in physical form and volatility, as you explained, and bitcoin also tends to be riskier.

adzino

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Like in what sense are you wondering if the price of bitcoin moves like a gold or not? The price of bitcoin and other crypto currencies are extremely volatile. Within seconds the price of bitcoin and other cryptocurrencies can jump or fall down badly. But the price of gold is more stable compared to the price of crypto currencies. We don't see much price difference taking place within few seconds.
If you are saying that the price of bitcoin and gold follows each other, then I guess that is just a coincidence. I see no reason for bitcoin to follow the price of gold.

crossabdd

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that's not certain, bitcoin moves freely. but if there are similarities about movement of the bitcoin and gold charts, I think it's natural, why. ?? because bitcoin is similar to gold, there is only one difference. Gold is in the real world, while bitcoin is on the internet. so many traders think it's the same.

LUCKMCFLY

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Quote from: psjin128 on January 20, 2020, 11:23:29 PM

~snip~

It has had similar movements, although there is no correlation between them, normally the correlation is low, some factors around the world can affect the movement of both gold and Bitcoin and pronounce themselves in similar movements, when it started from war drums between the US . UU. And Iran began these similar movements since Bitcoin began to be used as a refuge of value, everything can start from there, gold has a lot of history, it is possible that due to these events similarities continue to arise in the movements.

cotton ball

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Quote from: Raflesia on January 26, 2020, 12:06:54 PM

Quote from: Google+ on January 25, 2020, 07:03:19 PM

Quote from: dimox on January 25, 2020, 06:10:56 PM

gold price is not like bitcoin, but i think it because asset. when something happen asset will take effect, it doesnt mean that trump speech will give effect on bitcoin price, maybe it just accidental

indeed gold and bitcoin have very clear differences and price movements should be very different if there are similarities it might not be intentional, but I feel the condition of the world economy is also a very strong influence.

You can take advantage of price movements to be able to make a profit.

Gold is used a lot of people compared to bitcoin but now the difference is only slightly not in terms of price but from its benefits, many believe that gold is very stable and in the long run gold can only enjoy profits.
But unlike bitcoin, it depends on the market going up and down so there are many who avoid investing in bitcoin, there is also a switch from gold to bitcoin.

Gold move slowly and need one year to get increase moving about 5% but with bitcoin just few day we can get much profit and moving more than 8% depend how situation of bitcoin and altcoin price, when bitcoin look ahead with higher price many people invest with bitcoin and altcoin.

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Quote from: psjin128 on January 20, 2020, 11:23:29 PM

According to the recent price chart, Bitcoin's move has been very similar to Gold's move.

Recently, after Trump delivered speech, the price of Bitcoin and Gold both went down.

And there were other cases that Bitcoin's move follows after Gold's move.

But is this still enough to say that Bitcoin moves like Gold?

During the most recent weeks bitcoin is moving more like gold than as another type of asset and that is interesting to say the least, for a long to me it was speculated that bitcoin will become the gold of the 21 century and many people laughed about that statement but now we are beginning to see the first evidence of this becoming true in the future, and personally I am happy for this, this means that in the future bitcoin could take away some of the market cap of gold and become incredibly valuable.

supercanada1

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Quote from: Getmon on January 28, 2020, 10:39:42 PM

Even if they move in similar directions sometimes, it does not prove anything of a correlation. Perhaps if the investment funds are flowing in, there is a portion that goes to gold at the same time there is also a portion that goes to Bitcoin. But whatever, gold and Bitcoin does not move each other, unless either one of them will fall. In that possibility, the investments might shift to the other.

Both are different things for me, the prices of both are increasing today but this does not make them relatable. The benefits that Bitcoin can give you in trading you cannot get that benefit from holding gold. It is a safe way for keeping your money but not relatable and better than Bitcoin. For better investment and big results go with Bitcoin for long term trading instead of Gold.

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Quote from: Google+ on January 25, 2020, 07:03:19 PM

Quote from: dimox on January 25, 2020, 06:10:56 PM

gold price is not like bitcoin, but i think it because asset. when something happen asset will take effect, it doesnt mean that trump speech will give effect on bitcoin price, maybe it just accidental

indeed gold and bitcoin have very clear differences and price movements should be very different if there are similarities it might not be intentional, but I feel the condition of the world economy is also a very strong influence.

You can take advantage of price movements to be able to make a profit.

Gold is used a lot of people compared to bitcoin but now the difference is only slightly not in terms of price but from its benefits, many believe that gold is very stable and in the long run gold can only enjoy profits.
But unlike bitcoin, it depends on the market going up and down so there are many who avoid investing in bitcoin, there is also a switch from gold to bitcoin.

Getmon

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Even if they move in similar directions sometimes, it does not prove anything of a correlation. Perhaps if the investment funds are flowing in, there is a portion that goes to gold at the same time there is also a portion that goes to Bitcoin. But whatever, gold and Bitcoin does not move each other, unless either one of them will fall. In that possibility, the investments might shift to the other.

Zionatin

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Maybe if gold took drugs? Steroids? Bitcoin is wild, like a roller coaster but I do agree that it will generally go up. Just look at the chart. You have only lost fiat value if you bought for more then $13k and even if you bought at $18k I still believe bitcoin has plenty room to grow and will be worth a lot more then that. Think from now to 5 years from now. That is plenty of time to expand even more.

FaithInCrypto

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I can't see any similarities between the two aside from their rising value. Probably it is just a coincidence since I think every currency is affected whenever there is global news happening in the world.

Baoo

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To be honest, we can't compare Bitcoin and Gold in all the ways, both of them are so different, so bitcoin moves like itself. Probably what happened was just coincidence and nothing else, it does not mean that Bitcoin follows Gold.
Furthermore, I don't know why Bitcoin's community are always focusing on the media news despite most of them are fake and they want to achieve their goals through attracting the traders with a trival information.

Zionatin

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On any two graphs, you compare eventually they will align, it doesn't mean there is a pattern. I don't think bitcoin moves anything like gold. Gold does not fly up and down like crazy it basically slowly goes up with small dips but you can surely count on it that your gold will be worth more next year then it is this year. Though if you believe in bitcoin you could say the same for it too.

Aying

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It's because of usd why gold and btc went down it is not that btc movement and crypto market movement takes gold movement. every market have different movements, usd is part of movements of btc and gold so there is no coincidence happen that moment. and big investors now like btc as their main profitable investment and it is fast to sell than gold.

Eugenar

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Both are considerably strong investment platform for investors in the market. And upon thinking deeply about it, I realize that it is not the Gold and Bitcoin that is the same. The common denominator are the investors with the same preferences on how they treat these investment platforms. In a sense that they compare Gold and bitcoin to each other but turns to be realizing that both investment platform depends on them, taking up risk to earn profits. So bitcoin moving like gold is a sign that there is a same person buying gold and bitcoin at the same time.

carlisle1

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cryptocurrency is independent area of investments so i don't think it will follow Golds movement maybe it is much better to say Gold is Following Bitcoins price .

Quote from: Clark05 on January 26, 2020, 09:19:52 PM

The movement of the bitcoin now is slow but going up and that is okay and I don't want to dump so even the rising is slow for sure it will up more.

going up and down but this is more appropriate if you are looking for day trading or short term investing.

Quote from: Clark05 on January 26, 2020, 09:19:52 PM

I don't think so that the movement of bitcoin is like gold because I know the gold is slower and takes few decades to gold to become very high but bitcoin takes only few months or years. Bitcoin movement is better than the movement of the gold until now.

that is what exactly why we are here in crypto and not in Banks or stocks,because the volatility can brings us all fast fortune compared to Gold that will take very long time before you taste the profit of your investments.

dimox

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gold price is not like bitcoin, but i think it because asset. when something happen asset will take effect, it doesnt mean that trump speech will give effect on bitcoin price, maybe it just accidental

qumatru

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Quote from: Latviand on January 25, 2020, 09:14:33 AM

Quote from: Dhoe on January 21, 2020, 01:50:33 AM

Quote from: Free1bitco.in on January 21, 2020, 01:30:23 AM

I think it's just a coincidence. if the price of bitcoin is in harmony with the price of gold, there is a possibility that the price of gold is already very high, but it is not, because even though bitcoin and gold are investment tools, they really have different principles. so the level of fluctuation is very different.

Yeah I agree, this is just a coincidence, in past, I also think that the price of Bitcoin is in line with the price of gold, Because at that time the price movement of Bitcoin was the same as the price of gold, and it turned out it was just a coincidence. Bitcoin price fluctuations are higher than gold price fluctuations.

If you would clearly observe both Bitcoin and Gold's market value movement, there is a huge difference in particular with consistency and the market value itself. The market price of Gold is continuously growing the same with Bitcoin but its market price is more consistent with the uprise unlike with the market value of Bitcoin which is more volatile and have experienced more market price downfall. This is simply the difference between stock and crypto investment.

For me Bitcoin and Gold are the investments, what drives the price movement of both the gold and Bitcoin cannot be tell. It is a very difficult to tell and everyone has different opinion about it. While commenting on the consistency I would say both are not consistent. As the price of Bitcoin rises and falls suddenly same is the case with Gold also. If you analyze their values in a past time you will see both are rising at a greater speed.

Clark05

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The movement of the bitcoin now is slow but going up and that is okay and I don't want to dump so even the rising is slow for sure it will up more.

I don't think so that the movement of bitcoin is like gold because I know the gold is slower and takes few decades to gold to become very high but bitcoin takes only few months or years. Bitcoin movement is better than the movement of the gold until now.

jtraverso

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Quote from: Raflesia on January 26, 2020, 12:06:54 PM

Quote from: Google+ on January 25, 2020, 07:03:19 PM

Quote from: dimox on January 25, 2020, 06:10:56 PM

gold price is not like bitcoin, but i think it because asset. when something happen asset will take effect, it doesnt mean that trump speech will give effect on bitcoin price, maybe it just accidental

indeed gold and bitcoin have very clear differences and price movements should be very different if there are similarities it might not be intentional, but I feel the condition of the world economy is also a very strong influence.

You can take advantage of price movements to be able to make a profit.

Gold is used a lot of people compared to bitcoin but now the difference is only slightly not in terms of price but from its benefits, many believe that gold is very stable and in the long run gold can only enjoy profits.
But unlike bitcoin, it depends on the market going up and down so there are many who avoid investing in bitcoin, there is also a switch from gold to bitcoin.

If we consider Bitcoin and gold as a flexible asset, Bitcoin can bring more profits faster than gold. If we talk about maintaining value for the long term, I would prefer gold

Topic: Bitcoin moves like Gold? - page 3. (Read 1720 times)