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. 
Topic: Bitcoin moves like Gold? - page 5. (Read 1720 times)
increasing the value of gold and bitcoin simultaneously does not mean that bitcoin has the same path as gold. I think this is just a coincidence. the value of gold is strongly influenced by the value of the US dollar and also gold reserves in world banks while bitcoin is not. the rise and fall of bitcoin is only influenced by requests and offers and also news about bitcoin.
I agree it just a coincedence. Bitcoin is very different compare ro gold especially when it comes on its value. We can see how volatile it is where no one predicts when it will increase and decrease. Gold is a centralized currency always remembee that. I don't see any similarities here, because bitcoin has been very volatile compared to gold due to higher potentials to move upward. Right now as far as I observed with the trend of gold, it still has slow growth of price. Unlike with cryptocurrency, there's random situations that it has a stabilized price in accordance to the behavior of gold but doesn't mean that would stay in that level. The price would abruptly show it's huge spikes once the relative strength index shows it full resistance.
Bitcoin is like digital gold. Now we in 19th century of gold fever. next century BTC price will continue to surge and it will be more and more difficult to obtain one. Expect the unexpected anyway.
Bitcoin is like digital gold. Now we in 19th century of gold fever. next century BTC price will continue to surge and it will be more and more difficult to obtain one. Expect the unexpected anyway.
Sorry but Bitcoin can't be similar to gold in all different aspects. Gold doesn't have volatility which is a big factor that Bitcoin will seem to be more profitable than of gold. Gold is known to be a good asset for a long-term investment, though Bitcoin will be considered as well and because of its volatility feature, some people won't hold that long.I know many of us here are buying gold also, that is a good idea for me. But we are more on practicality which brings Bitcoins more attractive than of gold.
Bitcoin moving not like the gold because only raising up with slowly and each year about 5% but with bitcoin and altcoin we can see just few our bitcoin touch higher price more than 5% but you can lost much money when bitcoin down suddenly more than 10%, but I am the only one unique way for investing where interested with investing big risk and big result.
Gold capitalization every year does look low, but correlation as an asset seems to be more fundamental by speculators and is always associated with bitcoin, especially when there is news that can suddenly develop sentiment. Prices do not run with the exact same increase, only trends that move together for some time.
Bitcoin moving not like the gold because only raising up with slowly and each year about 5% but with bitcoin and altcoin we can see just few our bitcoin touch higher price more than 5% but you can lost much money when bitcoin down suddenly more than 10%, but I am the only one unique way for investing where interested with investing big risk and big result.
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.
I agree it just a coincedence. Bitcoin is very different compare ro gold especially when it comes on its value. We can see how volatile it is where no one predicts when it will increase and decrease. Gold is a centralized currency always remembee that.
Every market has its volatility but that does not mean you cannot trust those, coincidentally bitcoin is the most volatile market in the entire financial sector and so is the reason some in the economic background has no idea how to figure out the market movement, gold is not a currency if you are not aware of it 
, it is an asset class commodity traded globally. 
increasing the value of gold and bitcoin simultaneously does not mean that bitcoin has the same path as gold. I think this is just a coincidence. the value of gold is strongly influenced by the value of the US dollar and also gold reserves in world banks while bitcoin is not. the rise and fall of bitcoin is only influenced by requests and offers and also news about bitcoin.
I agree it just a coincedence. Bitcoin is very different compare ro gold especially when it comes on its value. We can see how volatile it is where no one predicts when it will increase and decrease. Gold is a centralized currency always remembee that.
I think it's just a coincident, but it's true that Gold and Bitcoin both have some similar things, regarding the price aspect Bitcoin and gold are running in a similar way, though Gold and Bitcoin are a totally different thing when you compare price in recent time you may find some similarities. but I don't think Trump's speech has not brought to any impact on the price of Bitcoin, in recent time, Bitcoin price is increasing at a good pace so hope to see a price boom in the coming days, the opposite thing also could be happen, we have been experienced a lot of thing about Bitcoin price so everything is possible.
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?
No! Bitcoin has similarities to gold, since they are both alternative investments as hedges to the mainstream financial system. Another property they both share is scarcity. But as a fairly new technology, bitcoin still lacks the universal adoption that gold has, hence why its market capitalization is much smaller. Over time, we may see both of these assets correlate in movement more tightly, but bitcoin will remain more volatile given that it is within a much newer asset class.
But is this still enough to say that Bitcoin moves like Gold?
bitcoin is very different from gold and cannot be compared to precious metals, the price of gold is certainly very different from the price of bitcoin, the average gold price is valued at 10% per year, whereas on the other hand the price of bitcoin fluctuates 10 times that of the dollar compared to the price of gold, and besides that bitcoin trading volume is still very low when compared to the price of gold. 
Which chart? and which Trump speech ?, can you give a little link, it seems like bitcoin does not follow the price of gold or vice versa, if indeed bitcoin follows gold clearly it is wrong even though they have similarities like real gold and digital gold with different markets, the price reduction occurs at bitcoin because of the correction and stopped at $ 8600 support
In deed and I think the speech of Mr. Trump cannot affect the bitcoin's price movement and also its value. And also I dont think that the bitcoin can be compare to the gold because we all know that the value and price of a tiny gold is too huge how much more if it is a pot of gold. You can be a millionaire if you have a pot of gold but here in crypto world the value and price of bitcoin is not that high as gold.
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?
Close but not the same. Some investors flee into metals and more recently bitcoin when the economy is not doing good, but gold price is mature, its production and holding stabilized over a much longer time than bitcoin.
Basically gold fluctuates much less than bitcoin, while bitcoin is also maturing and tends to fluctuate less over time and maybe follow a pattern that gold followed over a much longer timespan.
Bitcoin was also designed in part to mimic gold: plenty and cheap first, then scarce and therefore expensive later.
Its still to early for Bitcoin to behave identically to gold, and it might never do it. Closer to gold that fiat, sure. Oh yes, if you want correlations silver does behave a lot like gold in the market. But at the same time they are separate, price can suddenly change when a new source is found, etc.
If people think the economy is going to be good, they sell their metal/bitcoin assets to get into cheap stock they plan to sell later again when economy faces peril. Its just trading as usual, wedging against precious metals is tradition, bitcoin is more a newcomer alternative.
Maybe you're talking about in the time when US government or the Trump administration decided to kill the Iran's Top General Qassem Soleimani. The stock market went into a panic and made Gold and BTC pump concurrently, but the war didn't continue so investors are back in the stocks causing for the both asset to go down at the same time.
Those simultaneous movements can only happen if there is a global crisis happening in my opinion.
Those simultaneous movements can only happen if there is a global crisis happening in my opinion.
That’s correct whenever we have some global event there is panic selling in stock and investors move their capital from stock to gold and other commodities. That’s one reason why whenever stock goes down gold goes up. I don’t think we can correlate that with bitcoin and crypto.
increasing the value of gold and bitcoin simultaneously does not mean that bitcoin has the same path as gold. I think this is just a coincidence. the value of gold is strongly influenced by the value of the US dollar and also gold reserves in world banks while bitcoin is not. the rise and fall of bitcoin is only influenced by requests and offers and also news about bitcoin.
Bitcoin's investment environment is very different compared to where gold is situated now. We can't just assume that bitcoin behaves like gold because of statistical data shown as of late. We better observe the market to see what we can do at the very least to gain the maximum profits we can gain or instead support bitcoin's path to becoming a bonafide coin capable of surpassing fiat. 
In some few cases, the movement may be the same because all are part of the world economy and treated as good investment policies. But you can not judge by comparing few days. The bitcoin price movement is so dynamic but in the case of gold the inclination is very much steady.
Of course, for the big events and news affecting the economy, every market will move the same way. When the United States and Iran collided, the prices of gold and oil surged, and then the cryptocurrency market went up in the same way. But sometimes the cryptocurrency market has different news and FUD, it makes it possible for the whole market to go against the global situation. That's because news drives the entire market.
Are we going to compare bitcoin to gold again?
There is only one thing in common with them and that is both of them have a high market value.
If we could think about how the two differ from each other, we can simply think that there is no such thing that bitcoin will closely be the same as how gold build its reputation.
There is only one thing in common with them and that is both of them have a high market value.
If we could think about how the two differ from each other, we can simply think that there is no such thing that bitcoin will closely be the same as how gold build its reputation.
I do not agree that bitcoin movements follow the movements of gold, because bitcoin will never follow market movements
anywhere. Because Bitcoin moves based on supply and demand, if the bitcoin price chart looks the same as gold it's likely only
coincidence. Not we associate the movement of the bitcoin market with gold, because the two markets are different linkages.
You are right, I think same. Bitcoin price is not similar to Gold price. Gold price dependson many bodies activities. Others side no body can control bitcoin price. So we can not compare it. anywhere. Because Bitcoin moves based on supply and demand, if the bitcoin price chart looks the same as gold it's likely only
coincidence. Not we associate the movement of the bitcoin market with gold, because the two markets are different linkages.
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