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Topic: Gold to 600 $? - page 2. (Read 239 times)

mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
August 09, 2021, 10:29:47 PM
#4
because of Bitcoin and Ethereum?

Why would gold move because of BTC and ETH? If anything, if there would be somewhat of a slight correlation between both asset classes, it would most likely be the other way around. Let's not forget that gold is still the bigger beast here.
jr. member
Activity: 60
Merit: 5
August 09, 2021, 10:00:45 PM
#3
There is no direct relationship between gold prices and cryptocurrencies.
These are not currencies. Gold can be exchanged for anything in the early days, but the effect is not great. Gold is often in short supply as a tradable tool.
Bitcoin, as an online and offline payment method, has been accepted by some countries, but it has not yet been accepted by the world.
I personally think that the only relationship is that both can invest and benefit.
jr. member
Activity: 48
Merit: 24
August 09, 2021, 09:36:05 PM
#2
I see a huge extended m-pattern in the gold chart.
Do you think Gold will go to 600 $ in a few years,
because of Bitcoin and Ethereum?

I don't think the price of gold is related to the price of Bitcoin and Ethereum.
There is no direct connection between gold and Bitcoin. Bitcoin, a blockchain-based digital currency, is often considered to be a global safe-haven asset like gold.
jr. member
Activity: 427
Merit: 7
August 09, 2021, 07:55:49 PM
#1
I see a huge extended m-pattern in the gold chart.
Do you think Gold will go to 600 $ in a few years,
because of Bitcoin and Ethereum?
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