Bitcoin and Gold aren't the same exact asset but they share many similarities such as scarcity, immutability and the ability to be used as money.
Neither asset is based on credit, so they are both basically inflation proof. Instead, during times of inflation both alternative assets will probably rise in value because the common person will see them as more dependable.
Topic: Bitcoin moves like Gold? - page 4. (Read 1720 times)
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 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 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.
NO, NO, NO !!!!
BitCoin will go to its real value of near zero one day,and Gold will go way up....
BitCoin will go to its real value of near zero one day,and Gold will go way up....
No, I do not think that bitcoin and gold go the same way, this is not so.
Yess , gold is a physical form while bitcoin is gold in digital form.
how to get it is as difficult as mining gold.
but physical gold is easier to control for a country or institution than bitcoin.
Yes, we could say that bitcoin is just the digital form of gold, but this isn't the best comparison. In my opinion, it's definitely easier invest in gold than invest in cryptocurrencies. It's harder to predict the market's fluctuations imo. In reference to this topic, I'll leave you the article about Bitcoin VS Gold topic, great content:https://buycoinnow.com/ how to get it is as difficult as mining gold.
but physical gold is easier to control for a country or institution than bitcoin.
The OP should provide clear information regarding Trump's statement in question, and include a chart related to the intended price development so that we can provide arguments more directed and unambiguous.
Technically, for its value which continues to rise and over time can become a scarce item because the supply is limited, BTC can be equated with gold. But BTC's volatility is very high, one day it can pump very high and one day it can become worthless too. As for gold, with better real value, the price development looks promising although slow. Here we can take the opportunity in both because each can provide a large return for your investment.
Technically, for its value which continues to rise and over time can become a scarce item because the supply is limited, BTC can be equated with gold. But BTC's volatility is very high, one day it can pump very high and one day it can become worthless too. As for gold, with better real value, the price development looks promising although slow. Here we can take the opportunity in both because each can provide a large return for your investment.
I would say what most of the people here are saying its just a coincidence. Gold is old and different market then new bitcoin. Gold price is not that volatile as bitcoin is. AFAIK, gold price is on the rise for long time while bitcoin join the party just few days ago.
Bitcoin and gold are very different assets and the price of gold is more stable than bitcoin because of its high volatility. It's more of a coincidence that time because the price of gold that time is already high compared to bitcoin wherein its price fluctuated from time to time.High liquidity is what I think makes gold price more stable then bitcoin. Trusted by investors for centuries, gold is considered as safe haven for storing money. Though many says bitcoin is digital gold, let's see how long it takes bitcoin to beat gold.
But is this still enough to say that Bitcoin moves like Gold?
Yess , gold is a physical form while bitcoin is gold in digital form.how to get it is as difficult as mining gold.
but physical gold is easier to control for a country or institution than bitcoin.
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.
Bitcoin is Digital Gold! 
Moving like gold? Maybe it’s just a coincidence. Bitcoin and gold has nothing in common, there’s no way they are related to each others, they are completely different. That the price moves in position that’s a bit similar doesn’t mean that they are the same thing. If you say this, then what if I tell you that at the time the price of Bitcoin reached it’s ATH price, stocks like Dow Jones and S&P 500 had similar increase, and if you check the graph you will notice the similarities. Things like this do happen and gold is not the first stock that have had a similar graph with Bitcoin. They are all different, there are events that can take place and affect the general market in some ways.
I would say what most of the people here are saying its just a coincidence. Gold is old and different market then new bitcoin. Gold price is not that volatile as bitcoin is. AFAIK, gold price is on the rise for long time while bitcoin join the party just few days ago.
Bitcoin and gold are very different assets and the price of gold is more stable than bitcoin because of its high volatility. It's more of a coincidence that time because the price of gold that time is already high compared to bitcoin wherein its price fluctuated from time to time.High liquidity is what I think makes gold price more stable then bitcoin. Trusted by investors for centuries, gold is considered as safe haven for storing money. Though many says bitcoin is digital gold, let's see how long it takes bitcoin to beat gold.
If you will ask an investor that doesn't know Bitcoin, for sure they will prefer Gold over it, and if you will ask a crypto user, if what they prefer, I think majority will still invest on Gold, but they will also invest in Bitcoin. You are right, we already trust gold that it has been part of our life already, that's why it won't vanished anymore as it has been the real money since the beginning.
I think this is just a coincidence. because gold and bitcoin are two different types of investments they have different units of account. and if we look at bitcoin has very high fluctuations while gold does not. the value of gold is very much influenced by the dollar while bitcoin is not. so I think bitcoin doesn't follow the gold movement.
Perhaps just a coincidence. Because according to the chart, the world price of gold also began to increase during the period when the US and IRAN were at war. The only storage currencies are probably gold and Bitcoin
I disagree with that statement, bitcoin is more passive and fluctuating to say the same as gold, because for the price of gold we can guess it for some time, but for bitcoin, it is very difficult .. !!
Bitcoin's value and gold's value are really different because as we can see the bitcoin's value is lower than the gold. If you have a pieces of gold and sell it to the market you can earn a lot of money depending on its karat while if you have bitcoins, you can earn a lot of money depending on its price in the market like for example this month in which you can earn a little money but enough for your daily needs.
What do you mean?
Bitcoin now has a higher price than Gold right now. Gold is sold in kilo so if we will be talking about a kilo, obviously Gold would be expensive but if we talk about the price of Bitcoin and Gold, Bitcoin is more expensive. Karat just talks about the purity of gold. You said that you can earn a lot of money from gold, which could be the same about Bitcoin if you will be selling it. If you really want to compare these two, buy 1 Bitcoin and 1 ounce of Gold, sell them in a period of time. Bitcoin has a lot of risks to hold but still, a lot of people earned from it by trading it not selling it directly.
I would say what most of the people here are saying its just a coincidence. Gold is old and different market then new bitcoin. Gold price is not that volatile as bitcoin is. AFAIK, gold price is on the rise for long time while bitcoin join the party just few days ago.
Bitcoin and gold are very different assets and the price of gold is more stable than bitcoin because of its high volatility. It's more of a coincidence that time because the price of gold that time is already high compared to bitcoin wherein its price fluctuated from time to time.Nevertheless, i believe the trend of bitcoin chart moving like gold wont be for long.
hero member
Activity: 2660
Merit: 651
Want top-notch marketing for your project, Hire me
I would say what most of the people here are saying its just a coincidence. Gold is old and different market then new bitcoin. Gold price is not that volatile as bitcoin is. AFAIK, gold price is on the rise for long time while bitcoin join the party just few days ago.
Bitcoin and gold are very different assets and the price of gold is more stable than bitcoin because of its high volatility. It's more of a coincidence that time because the price of gold that time is already high compared to bitcoin wherein its price fluctuated from time to time.Nevertheless, i believe the trend of bitcoin chart moving like gold wont be for long.
Jump to: