Bitcoin Forum

Hi folks,

I'm new posting here but old investor. I was wondering if there's a direct correlation between bitcoin price and  www.bitcoin.com (http://www.bitcoin.com)  and Gold price  www.goldprice.com (http://www.goldprice.com) .
If you look at the charts in evident that gold started to drop when bitcoin did or vice versa? Is there any systematic correlation?
Thanks in advance

I think there is no connection between bitcoin and gold prices, because in my opinion investments in gold and bitcoin are different, that's in my opinion

i also do not think that there is any relation between bitcoin and gold price. bitcoin is a digital currency while gold is an precious element that people mostly use for investment and for so many other purposes. while bitcoin is a currency and we use it for online shopping even in some place people are using it as a fiat currency in their local shops, so i do not think that here is any relation between the price of gold and bitcoin.

No it doesn't relate at all, each of them has the factors that caused the price to down and go up, the one that makes it seems like it's connected is because we are using the same currency converter which is us dollar, so it seems like they are connected but actually they are different

no. i think the decline is happening on bitcoin due to chain split in 1 august which causes the demand to decrease. there are many factors that determine the price of gold while the bitcoin price is determined by supply and demand.

Not from what I have researched. It looks like 2 totally different markets moven by totally different motives.

Hmm, the graphs definitely look pretty similar but I can't think of any reasons why they might be related. They are 2 different types of investments with probably different markets as well. Maybe think of this in a practical sense and it will be easier to explain. Bitcoin is a fairly new cryptocurrency that has a new market, is decentralized and also can be used to make purchases online. While gold is a rare metal, that is used for fashion and also one of the oldest investment options out there, it is super stable and is on a steady climb up, while bitcoin just feel around 1000 USD in the span of one week. Both investment options, but they are still totally different things, and probably have no relation to each other.

I think there is none. Bitcoin and gold are two different bananas. They will not affect each other's value.

What you have notice in the charts are mere coincidences. After all, there will always be a high and low movement in any market, be it bitcoin or gold or silver or foreign exchange rates, etc. These are affected by a different set of unique circumstances because they are independent from each other.

I don't think there is any significant relation between gold and bitcoin's price because they are completely different things and are not traded on same trading platform. You may find some pattern between bitcoin and other altcoin's price but gold or fiat market doesn't affect bitcoin's market.

Low correlation in regards to each other but a high correlation towards where asset classes are moved in times of economic crisis, example people escaping the fiat currency of the country in jeopardy / in question in this case and move it towards a different holding that has better reliability.
Also maybe a small but growing conversion from technological gold buff users toward digital gold.

There is no connection between bitcoin price and gold price.Gold is a commodity which is being bought by people for centuries.Bitcoin is introduced as a currency and now it is being used as an investment by most people.The increase and decrease in bitcoin price has no impact on the price of gold.Even if few investors move from gold to bitcoins,then also gold price would not fall since there is a huge demand for gold all over the world.

I agree with you . Gold and bitcoin are very different. Seeing in terms of form is clearly different, I see that gold has a great power in maintaining its value so that gold prices tend to be stable. While bitcoin has high price fluctuations making it very easy to move up and down.

Don't think there is much of a relationship with gold and bitcoin, they are both investments but that is all their similarities and of course not any bunch of investments are related. Gold is super stable and barely rises or falls, while on the other hand, Bitcoin is a decentralized currency which makes it fall and rise in price a lot. Gold has been around for centuries as a precious metal and something that held value, but Bitcoin has only been around for 10 years or so. I don't think that when gold falls or when Bitcoin falls, the other investment will fall as well.

The price of gold has largely been stable over the years, while that of bitcoin's has wildly fluctuated especially this 2017 where we saw it rise to as much as $3000 and dip to where it is now. The crypto currencies have all been down over the last couple and weeks, shedding about $30 billion in market cap over that period of time compared to gold that has been in its usual price range.

They will both have a relationship if the circumstances of one affects the other and from current circumstances gold is independent of Bitcoin and vice versa so I don't think the fall or rise in prices of one is directly related to the rise and fall in another.

BITCOIN eat GOLD.

I also think that bitcoin will continue to eat up some of the gold market share.

No, because these are two diffrent things.I mean they are both store of value mainly, but bitcoin is so much more, and so much easier to handle/exchange.
Its in the end apple and oranges.

I agree to that mate, the price will really matter between the supply and demand because of you have more supply many can buy; but if there is less I think everybody can sell their asset. That's how I view the scenario that had happened lately more were pulling out their eggs in the basket, just like bitcoin being sold lately and other's realized that there's no problem about that speculations around; buying back started again.

This might have been a coincidence that the prices of gold have fallen along with the prices of bitcoin otherwise there's no direct relation between the two of them. A lot of people still prefer gold over any other sort of investment and bitcoin is not even known to as many people as gold is.

Bitcoin prices are now starting to increase gradually perhaps because of the demand to buy back bitcoin, and I think it's a good time to buy bitcoin because the current price of bitcoin drops. And it seems like some of them are trying to do speculation by buying bitcoin at moment, maybe As a future investment

Yes gold has been displaying stability in price over last few years and crypto market is facing drastic fluctuations. I don’t think so a comparison should be made between bitcoins and gold. Both are poles apart in nature and capabilities. Bitcoins if have had dumped badly, then on the other hand, bitcoins have reached the peaks leaving many investors as millionaires. 

The cause of demand decrease just because the implementation to increase the transaction speed and boost the bitcoin more than before that's why the demand decrease but it is the signal to those to buy once again bitcoin in a cheap price because after all the result of 1 Aug the price will goes more higher than before.

yes that is right that bitcoin is too much stable for a long time.  therefore we cannot expect such a good profit from investing in gold. but if we invest our assets in bitcoin we can really make a good profit from investing in bitcoin in a short time. i personally have invested a good amount of money in bitcoin.

The relationship between the bitcoin course and the gold rate can not be, because bitcoin and gold are different in nature. The digital currency and gold as a precious metal and payment measure are not connected in any way and exist separately from each other according to their established rules.

That's just a coinsidence. There is no relationship between gold and bitcoin price. There is not even a correlation. To verify this is only a coinsidence we can simply check the prices in 2016 and 2016 so we'll see there's no relationship.

I could see the rich owning a good portion of the bitcoins. Look at it like this.. There are 7,000,000,000 people on earth and 21,000,000 coins. If one was handed out to every person until they were gone only 3% would own a coin. 3% out of 100% is not a high number and I think that would really cut the market. I understand you can buy them in smaller amounts but eventually the price of one coin would be so high that it would deter people even if they could buy portions of a coin. To me it seem like it would people that would be able to afford the coin would be the rich and the rich get get from the poor, not the rich.

I don't think there is any relation between gold price and bitcoin price. Aside from some factors that affects both of them in terms of price value. According to Total Bitcoin, the factors that affect bitcoin price includes governmeny regulation, media influence, stability of the bitcoin network, the demand and supply, wider mainstream acceptance, large businesses dumping to fiat currency, technological changes and innovations, and market manipulation. While for the gold price, according to Scottsdale Bullion and Coin, the factors are global crisis, inflation, value of US dollar, central bank instability, interest rates, quantitative easing, government reserves, jewelry and industry, gold production, and the supply and demand. One thing that is clearly common between gold and bitcoin is the effect of price and demand that is relative in any goods or product's price.

I do have the same question in my mind, so reading all your replies make me concludes it does'nt  have any connection at all. Its almost 99.9 % observations. Thanks guys.

I don't think there is any noteworthy connection amongst gold and Bitcoin's cost since they are totally unique things and are not exchanged on a similar exchanging stage. You may discover some example amongst Bitcoin and other altcoin's cost yet gold or fiat advertise doesn't influence Bitcoin's market.

Short term wise, i don't think so. Even if there was a correlation it is definitely an extremely small one, smal enough to be ignored. Reason being that bitcoin is influenced by factors within its own community, such as forks, network congestion, transaction fees and the demand of bitcoin overall.

Gold is completely different, obviously you would expect gold to go up when fiats are weak and vice versa. Bitcoin hasn't got the sort of status yet to do the same things gold is doing.

But in the long term i suspect gold and bitcoin will all be in an up trend as more and more people realise fiat isn't the solution to our problems.

I don't think that there is any correlation between the prices of Bitcoin and gold, although I can see some link in the value of the United States Dollar with the prices of both these assets. A reason may be due to the fact that Bitcoin and gold caters to different type of investors. Those who are after quick returns will go with BTC, while those who are interested in low risk assets with guaranteed returns will go for gold.

Systematic correlation? I think it does not exist. In fact, btc transactions do not seem to be related to gold,  only to the altcoins and dollars.Maybe that's just a coincidence ... all of that can happen.The rise or fall in prices is due to a number of determinants and factors that affect the price of btc and gold prices are different.

It seems to me that an indirect link bitcoin with gold is. Many people have chosen bitcoin as an alternative to the U.S. dollar. Previously, if you don't trust the dollar you had to choose gold. Now this feature was touched on bitcoin and it stopped the rampant growth of gold prices.

I do not think there is direct correlation between the two considering gold is being accepted worldwide from ages and so is not the case with bitcoin at present. Well gold can be bought/sold by anyone across world legally but bitcoin cannot be in many countries.

There is no relationship between gold with bitcoin, because both have different features and functions as well as how to use them.
Although bitcoin can not be used globally for now, but over time, bitcoin will gain recognition of its legality and can be used across the country.

Apart from a small minority I don't believe there's much overlap in who's buying both of them so I don't see where an overlap can come from.

Some people like to think Bitcoin is a safe haven a la gold but I think they're deluding themselves. It's many years away from fulfilling the role gold does. It does do it far better so perhaps the day will arrive.

I would say that Gold market hasnt anything related to bitcoin or Bitcoin related to Gold since they do have different markets and in fact bitcoin is a digital asset and gold is a precious metal. Moving prices are no correlated to each other which means they are both independent when it comes to their price movements. But still if we do have the money to invest i would really put up money on bitcoin and also on gold as well because i do see the potential to rise up its price.

In my personal opinion, there is no relationship between bitcoin and gold. Bitcoin is a type of digital money, gold is a precious material of old. Bitcoin and gold are suitable for use in different fields. Gold is usually used directly in contrast to bitcoin-online transactions. The price of gold does not affect the value of Bitcoin. It's easy to see that Bitcoin only took eight years to raise the value of the leverage to thousands of dollars. Gold does not do that. ;) ;) ;)

The question ceases sucw interesting. I think the first common point between Bitcoin and gold is that they are limited, Bitcoin has only 21 million, so is gold. They vary by market, but in general they are not inflation but deflation. Therefore, both Bitcoin and Gold are good investment channels to protect assets against financial fluctuations. Also I think they have in common is rare. A few months ago Bitcoin prices reached an ounce of gold. And now it's twice. Amazing. If I were to choose between Bitcoin and Bitcoin, I would choose Bitcoin because I believe it will continue to increase, which would be a good investment for the future.

I often hear people calling bitcoin digital gold, however it does not mean that both are related in anyway. The two markets behave differently in many ways, for example gold prices are relatively calm unlike bitcoin. Some market observers may see a correlation between both, majority of the community disagree. There have little in common, especially when you remove geopolitical events that drive both markets upwards or downwards.

There isn't much relation between the two, or to use a more technical term, correlation. Gold is a precious metal that has been used for thousands of years, while Bitcoin is a cryptocurrency. Gold's price movement is more stable while the price of Bitcoin has been especially volatile lately. And, analysis done between them shows that the correlation is close to zero.
 
There is something similar about them though; Both Gold and Bitcoin are thought of as safe assets by investors. So probably in certain financial situations, when investors are trying to get out of the cash position that they might be holding and are looking for a safe place to put their money, and this maybe because of national monetary policies or the state the global economy is in, both Bitcoin and Gold are two of the best candidates.

I have got a few graphs, which shows clearly that there is no relation at all between the prices of gold and bitcoin (warning: these charts are a bit old, and taken in April 2017)

http://infographic.statista.com/normal/chartoftheday_9504_bitcoin_the_digital_gold_hits_2_000_n.jpg

https://www.5yearcharts.com/wp-content/uploads/2017/04/gold-vs-cpi-1948.png

The price of gold is remained constant while bitcoin price was rapidly changed over the years. If the gold price remains, bitcoin has the potential to dominate the gold in years coming because of price changed instantly. Gold should keep for the safest vault while the bitcoin can keep in the wallet. Bitcoin can possibly be gone in a one minute or worst maybe in second.

There is no direct relationship between bitcoin price and gold price.Gold is bought by people for centuries all over the world.Bitcoin investment has started just eight years ago.Unlike bitcoins,gold is also bought for ornamental use.So,there is always an increasing demand for gold which is not affected by any other factors.So gold price has nothing to do with increase or decrease in bitcoin price.

you are right that the price of the bitcoin is too much different from the price of the bitcoin I never saw any kind of relationship between both the price of the bitcoin increase and then after long time it can decrease as well but the price of the gold is a bit stable but it could be a accidence that the price of gold have been fallen as the price of the bitcoin fell but directly they do not have any relationship.

Gold is also a volatile asset, although it may not be as volatile as Bitcoin or any other type of crypto-currency. Check these charts, which gives more details about the gold price movement:

http://orrellcapitalmanagement.com/wp-content/uploads/2017/01/2006-2016-Gold-Price-Chart.jpg

It is clear from the chart that there is a lot of volatility with the gold exchange rates.

There is no single reason for them to have direct relation in between. Gold is completely different commodity and it is also dependent upon its own physical presence. On the other bitcoin is different in nature, it is virtual with no physical presence and mostly traded over a smart contract. They are not similar and don't affect each other in any way.

Right Bitcoin and gold both are completely different assets. The gold supply and demand is almost equal so we will not see a huge variation in gold price. but the Bitcoin supply is less and the demand is high so the price is high for bitcoins. Gold is physical asset and Bitcoin is a virtual asset there are no similarities b/w gold and bitcoin.

I think you are right.

Ofcourse there are many, many differences between gold and bitcoin. But there are also few things common:
* they are both rare
* they are both independent of local (national) economy
* they are both "safe heavens" for investing while the "normal economy" has problems or is expecting problems.

Absolutely, they do not have any relevance. Conversely, bitcoins and gold contrast. Gold has real value and it is a precious metal, it is not subject to any change, in contrast, bitcoin is heavily modified.

the above points are good but that is really all that Gold and Bitcoin
have in common. Any market trends for either of the two would be
completely independent of each other.

Maybe but we can't know that for sure.

Bitcoin market cap is not even close to gold's market cap to be comparable...

Gold market is under manipulation of derivatives from Deutsche Bank for a long time now and we'll never know the real gold price unless Deutsche stops playing with the prices.

As far as I know, bitcoin isn't being manipulated by the derivatives, yet. That means even if the prices were being manipulated by somebody, It is not as powerful as what gold is taking.

Still I can say you this;

I hold nearly equal amounts of bitcoins and gold coins. If bitcoin didn't exist, I was probably holding x2 amount of gold coins what I have now. So my bitcoins actually ate from the gold's market cap and killed some demand for gold.

Considering that nearly every bitcoin holder have a passion for gold and bitcoin shares some similarities, It is probably true.

I think there is no relationship between btc and gold prices. We can see the factors that affect the price of gold and btc prices are not the same. And gold with btc has no relationship between them.

No, both have no relation between each other, bitcoin is an investment and gold is also another investment. I give you an example, bitcoin is crypto currency, and you know that most of the other cyrpto currencies are here, than you couldn't say that all crypto currencies are same. No, bitcoin has its own place and others are different from bitcoin. Then it is same like bitcoin price has no relation with gold price or any other investment's price.

There is no direct relation between bitcoin dan gold. Bitcoin and gold are two different things. And they do not affect each other. But, both can be used as an investment.

Exactly there's no direct relation between them. The only relationship between them is shown on the stock exchange and nothing more, they are just compared to each other; an ounce of gold to one Bitcoin.

Yes I do agree that to they are not related to each other. Maybe their value is just increasing the sameways because that's where both of them are really going. Over the years. I never thought there is a site yo buy gold as an exchange was it?

Gold exchange can be found in various global trading markets because it belongs to the category of physical assets, you just need to look for it more widely. It is true that bitcoin and gold prices have no conjunction, the only relationship between them is its function as an active and passive investment asset.

No that's not correct bitcoin is totally different thing and Gold is something what always will value has because only a certain amount of gold exists in the world.

Bitcoin has also limited supply, you know that right. Bitcoin is not something has unlimited supply. So they are very similar to each other for their amounts and value. They're unique, not abundant.

Yes exactly what I was saying i got a clue now I can say that there is volatility with gold exchange some poor people suggest me these type of things on Facebook which was not related to my work. So first of all i would say that yes it is true that volatility is exist with gold exchange rates because we can see all these thing easily here. So thanks for that.

Well i don't think there's a relation between them? Although many people compare about bitcoin and gold, and often discuss about it, i think that's only because they want to tell that bitcoin is more profitable than gold.
And also, bitcoin is digital cryptocurrency. Meanwhile, gold isn't. So i don't think they have something to do with each other.

Okay but bitcoin is virtual money and he can never be in your hand but gold is in physical form and gold is also natural gift. I think that is something what we need appreciate.

In my opinion gold and bitcoin have nothing to do at all. As you would say that bitcoin is now much more profitable than gold. Because if bitcoin and gold have something in common then they should both have the same decreasing and increasing price graphs. So gold and bitcoin have no dependence on each other.

that is right my personal view is that there is no relation between bitcoin and gold price. i think we should not compare them with each other, in fact bitcoin is a currency while gold is a precious element but we cannot use it as currency for buying and selling things.

yes there is no relation between bitcoin price and gold price in fact bitcoin is the currency of the new era, there is a big fluctuation in the price of bitcoin where as the price of gold remain as constant and very stable.

Right, I don’t think so there is any kind of relation between bitcoins and gold. Both are poles apart and do not share anything except for being the mode of investments and payments. Bitcoins are digital currency where as gold is a metal. It’s really ludicrous to compare both with each other. But yes, if we do make a comparison, bitcoin will have more votes because currently its demand is far more than gold.

I too don’t understand why people love to make comparison between two entirely different things. They both are not on the same page. Bitcoins are the latest digital currency whereas gold is an ancient way of making payments. Gold is clearly less favored now a day than bitcoins. Bitcoins are more profitable than gold.

There is no relation between bitcoin and gold price, this two are different from each other and unlike our world currency each of them does not directly affect the price. However it can affect indirectly depends on demand the more they compare each one the more it can affect.

Since you are an old investor you might have already knew that there is no direct correlation between the price of bitcoin and gold price nor neither any correlation between the stock market valuation,there might be a few investments from here and there but that wont make a big difference all together,because i do not expect million to flow into bitcoin when other markets are down and vice versa.

THANKFULLY no, I've actually lost on gold whereas my crypto keeps doubling in value. I doubt it will ever have correlation to anything traditional. Maybe if/when crypto stabilizes but that's not like to happen even once crypto gets to trillions in MC.

Yep but it's been days and still behaving same way, kinda weird to say the least

I have checked the historical prices, and I am yet to see any relation between the Gold price and the Bitcoin exchange rates. I don't think that there is any relation between the two, since both are entirely different type of assets.

There is none and i'm confident about my answer. It is not related and not even systematically possible to be in effect to each other. The looks or the high price is mostly the same for it all in demands in this time.

Nope I don't think so. The reason why is people don't buy and sell bitcoin to buy /sell gold. Since it doesn't have a direct or indirect link to both bitcoin and gold the price cannot be influenced by the other. But there is a common thing that influences the price is the US dollar, the price of gold and bitcoin may increase/decrease in a smaller ratio because of the US dollar. The main thing that influences most of the price is the common people.

The only relationship I see in the fact that they are both digital in that most people who hold dont have the physical coin in the case of bitcoin and the raw gold kept at home in the case of gold aside that, I dont see any relationship. I dont trade in Gold neither do I know anyone who does and equally in bitcoin. They have their two independent consumers or clients and any relationship in the price of the two is function of coincidence.

There is no correlation between the price of bitcoin and gold. Now bitcoin is three times more expensive than an ounce of gold. And seven or eight months ago this price was equal. The principles of the formation of the price of gold and the crypto currency are different.

Yes there is no relation b/w Gold and Bitcoin. Both have different futures and platform. Gold we can use it legal way but Bitcoin it is illegal currency in many countries. You can trade bitcoins you will make a profit. But gold trading is not profitable it is just long term investment asset it does not give more profit.

I think there may have been, however, with bitcoin heading more towards mainstream adoption, their respective prices seem to have dramatically diverged. I would say that should we have some form of global financial hiccup then I would expect both to rise quickly.

I think it's time to buy some Gold now.
When the gold goes to hell for about last 49 months, and we can find that the gold's price have not fall down by any points in such a long time, that's very rare.
It means gold's price is at the real bottom now.
And when we see the future, the gold will based on today 1200$ and gain +15~+20% pre year growth.

I have buy 4kg gold this month. And I think this is a good investment for the next 5 years.
But I do more like BTCs, it will fly higher. The BTC has a +8% per month growth, far beyond the gold.

And In my calculate, the US stock market is very worse. It's growth speed is negative. About -7% per year in the future, maybe as long as the Jap's, for about 20 years.

I believe that there is no correlation between the price of gold and the price of bitcoins and can not be. Seven months ago the price of bitcoat and an ounce of gold was equal. Now, in connection with the increase in the bitcoin rate, bitkoyn costs three times more than an ounce of gold. The price bitcoin depends on the supply and demand for it, as well as the level of financial and technical support.

no there no relation between them. the thing is now is the era of bitcoin and in very past there is era of gold. time changes every thing by technology.

Both are assets to save oneself against the inflation of fiat money. So both should be in a related price development. Because Bitcoin is more volatil than Gold, a short and mid term relation is hard to recognize. But longterm (3+ years) Bitcoin and Gold have a similar development. If price of one rose than the price of the other did, too. If one fell, the other fell, too, mostly. The compare both 5 year charts and you will see correlation.

I think there is no comparison of bitcoin with gold because gold is a touch able metal but bitcoin is a digital money and one more thing is creating difference the Bitcoin is made on the latest technology and the technology creates the demand of modern peoples,

Maybe it's just money flowing from one asset to another when it falls? Or someone manipulates the markets, in order to make money on the difference.

 yes the graphs definitely look pretty similar but I can't think of any reasons why they might be related. They are 2 different types of investments with probably different markets as well. Maybe think of this in a practical sense and it will be easier to explain. Bitcoin is a fairly new cryptocurrency that has a new market, is decentralized and also can be used to make purchases online. While gold is a rare metal, that is used for fashion and also one of the oldest investment options out there, it is super stable and is on a steady climb up, while bitcoin just feel around 1000 USD in the span of one week. Both investment options, but they are still totally different things, and probably have no relation to each other and
what you have notice in the charts are mere coincidences. After all, there will always be a high and low movement in any market, be it bitcoin or gold or silver or foreign exchange rates, etc. These are affected by a different set of unique circumstances because they are independent from each othe.

Bitcoin prices are rapidly changing over the years. If gold prices always but instead bitcoin has the potential to dominate gold in the coming years as prices change instantly. Gold must also be stored for the safest safes while bitcoin can be stored in the wallet. Bitcoin can disappear within a minute or the worst in seconds. 8)

No. There is no connection between bitcoin and gold.
The gift of the golden world to us. A precious mine. Bitcoin is the product of human production. Gold is always more valuable to me. Things that are human production do not last very long.

no, Bitcoin and gold are different and can be measured, but it may happen that gold investors are selling to get hard cash and invest in Bitcoin.

No there is no correlation which is exactly the reason why one should diversify his/her portfolio and have both of those assets. It makes sense to own assets that are not correlated, while it really doesn't make sense to buy another highly correlated asset (it is like buying more of the same stuff).

I think it has nothing to do with the price of gold, because bitcoin is the currency, which serves for online shopping or direct shopping in stores or restaurants that have received payment through bitcoin while gold is a functioning element for other infestations, its function is different then I think bitcoin has nothing to do with gold prices, ;)

I think both are different forms of investments that needs one thing that is fiat !
They are related to fiat not.. with respect to each other but you know we can see one thing ,

Bitcoins Related to fiat

Gold related to fiat

Then indirectly ! Bitcoins will be related to gold !
That's an indirect relationship not something that goes side by side .

No there is no correlation between the two it maybe a coincidence that both goes up or down  at the same time good is traded in gold exchange while bitcoin is in crypto trading.

Maybe there is but they a difference when it comes to value the golds value is stable while the bitcoin is random everytime it changes thats why all the traders are keeping an eye to its value. Bitcoin is a fairly new cryptocurrency that has a new market, is decentralized and also can be used to make purchases online. While gold is a rare metal, that is used for fashion and also one of the oldest investment options out there, it is super stable and is on a steady climb up. They have their two independent consumers or clients and any relationship in the price of the two is function of coincidence.

At the surface, there is no direct, foreseeable relation, connection or link between the two. However, it is possible that factors affecting the gold price may directly bear on the bitcoin price as major economic players take decisions and reach conclusions that affect the trading floor and the crypto world.

Between the price of gold and the price of bitcoin, there is no relationship and can not be. These are completely different carriers of values. They have completely different status, nature and functions. The gold rate reflects the state of the world economy. Bitcoin has little to do with this. Therefore, in practice, they do not overlap.

Even though some people call Bitcoin a digital gold, I don't think that there is any relation between Bitcoin and gold prices. These are two different asset classes and it has nothing to do with each other. In fact, gold is the best way for hedging but on the other hand, crypto has the highest amount of risk than any other asset class out there in terms of price volatility. There is no relation in between Bitcoin price movements and gold price movements in my opinion.

there is no relation between Bitcoin price and gold price because gold is virtual asset while bitcoin is not.

There is no direct relation, however you can see price drop in bitcoins if gold price declines fast. This is because shard decline in gold price can affect Economy.

I do not think so. Because both have no relationship at all. Gold is an offline asset, while Bitcoin is a virtual asset. So it is very clear that both have no relationship in the increase or decrease in price.

Exactly not relation.
Only the historical price changing maybe, one times gold also how bitcoin fastly rise their price, then it regulated

Different things.
A gold mine. The gift that the world gave to the people. The truth can not be discussed. Things that nature produces.
Crypto money is human production stuff. It's wrong to compare gold and crypt money.

I think that there is no connection between gold and bitcoin in the price of both. bitcoin is a crypto currency, used for payments or transactions, can also be investment. while gold is a precious metal that most people use for investment and for many other purposes.

Two different kinds of thing that are rare. There is no exact relation between the two since bitcoin was made way back 2009  but due to the fact that bitcoin is an online currency the rarity and price i still comparable to what is known physically as gold but there is no relation between the two.

I think bitcoin and gold have an inverse relationship. For some time when crypto experienced increased sharply while the gold market slumped; vice versa. It is probably because of the shocks that occur in the Bitcoin and Crypto markets that are making panic investors then want to return to a more solid investment in difficult times.

I don't think so, because bitcoin is not created upon gold value, so the up and down of gold price will not affect bitcoin price directly, but maybe just somehow slowing down the demand for bitcoin.

Since you are an old investor you might have already knew that there is no direct correlation between the price of bitcoin and gold price nor neither any correlation between the stock market valuation,there might be a few investments from here and there but that wont make a big difference all together,because i do not expect million to flow into bitcoin when other markets are down and vice versa.

Though bitcoin and gold have frequently displayed a notable correlation during times of macroeconomic crisis, this relationship has often broken down once market conditions return to normalcy.

I also think like that, it's gold with bitcoin is of course different, because in terms of price alone is rising and bitcoin while the longer the price of gold increased, so in terms of price alone is different from the physical also different

Obviously, the price of Bitcoin has nothing to do with the price of gold. But Bitcoin tends to have the same characteristics as gold

there is no relation between gold and bitcoin price, I think bitcoin price are more fluctuating and very high risk also, gold is an asset so you can trade in many places and no countries banned for trading gold, but bitcoins and altcons are banned many countries and more regulation will come future, Bitcoin is a digital currency developed in block chain technology so gold price there is no relation with bitcion price

I think that it is a completely different investment, gold has very different price bases, as well as the factors that influence its price. Bitcoi changes the price depending on the growth of demand. This is my purely personal opinion

Yes, being popular in world wide market and as the most expensive in value i believe that are the relation of Bitcoin and the gold, the oinly difference is the market value because gold is stable in price while the bitcoin is volatile.

I don't think they have a relation with each other because they are different entities with different usage. In fact, gold has a stable value compared to bitcoin that is so volatile that it can rise and fall anytime unexpectedly. Just like today, bitcoin is going down again, but gold's value remains the same.

I think that between bitcoin and gold do not affect each other. Why is it seen when bitcoin falls and gold falls, it's because of the economic and financial conditions in the world that affect it.

I do not think there is any connection between gold and Bitcoin. if only copper, nickel, steel and aluminum can be said almost the same as gold because both are in the mine from the bowels of the earth.

and Bitcoin is different from the digital assets that are not real visible and its shape bagaiamana but crypto-shaped with a variety of codes.

As participants in the bitcoin market grew, so did the price of bitcoins, but gold did not!

The number of people who invest in gold is decreasing! The correlation between the two is still weak.

bitcoin prices and gold prices are of course unrelated because bitcoin prices do not affect the gold price. the bitcoin price moves purely from the very high demand and from the very limited supply total while the total gold supply price is very much and very different from the bitcoin so there is no relation of both.

It is a no for me, that there’s no relation between the price of bitcoin and gold price because they are from different association and aside from that the gold price is cant reach or follow the characteristics that bitcoin have in this industry because the value of bitcoin high quality.

Actually the prices of both of them depend on the investment of investors and the use and adoption of it by different people. The difference is not much in them but we can see the price of gold stable because already all of those have invested in gold who have invested while the investment of bitcoin is in the early stage and not much of the investors know about it and when they know about them then they invest in it and with that the price of bitcoin increases. Both are working as assets and both increase and decrease regarding the demand and supply.

I think there is no relationship between bitcoin and gold, both are different form each other. gold is precious element, Mostly people are investing in gold only. but bitcoin is a currency, and also a good investment for future. Compare to gold Bitcoin gives more profit.

There are no correlation between bitcoin price and gold price in the market. The chart looking same is more of coincidence then real. Bitcoin is cryptocurrency while gold is a commodity.   

None at all, I think, each has a factor that causes prices to go down and up, Gold is super stable and hardly up or down, while on the other hand, Bitcoin is a decentralized currency that makes it fall and rises in price a lot.
if my answer is wrong, I think it is just a coincidence.

I think we can use the bitcoin as a currency, but the gold cannot be. So the price of bitcoin will be more than gold in the future.

there might be some factors that are driving both prices, but I would personally expect to see the correlation the way that when gold price is decreasing, the price of bitcoin is growing. Instability on traditional markets usually lets the bitcoin to thrive.

They walk on their own, no connection whatsoever including the price. So i think there is no relationship between bitcoin and gold prices.

In my own perspective, there is no relationship between them. Gold is a nature precious stone which can be carried, touched moved with to any part of the world your going, but bitcoin is a digital currency created by the intellectual knowledge of a man (more like a foundation laid for all other crypto currencies). So, if there is any close move in their price, it has nothing to do in their utility/mobility.

Bitcoins and Gold re two different things and i don't think if there is any relationship between their valuations. Te Gold prices are mot of the times controlled and influenced by the central governing authorities  while Bitcoin is free and its valuation purely determined by the forces of demand and supply

I do not think that there is a connection between bitcoin and gold. Most likely, the phases of corrections of these assets coincide with the general mood of the market! For example, at the end of the year, the outflow of money takes place in the entire market, because all investors calculate the annual profit and so on.

Well gold has been a valuable item since the beginning of time until now and bitcoin is just a virtual currency that is used thru online transaction and also investment. There are no relation to the both.

No. The pricing of gold is almost fixed and it can be predictable unlike bitcoin price. Just like forex, fundamentals also affect its pricing.

It has nothing to do, each of them has factors that can cause prices to go down and rise. One that makes it look like connected is that we use the same currency converter is US Dollar. They are connected but in fact they are different in value. 8)

i think no. Most peoples compared bitcoin and cryptocurrencies with fiat money such as USD or EUR.
gold price is very stable, bitcoin price ? it is far from stable, it is volatile!

There is no necessary link between the two. Bitcoin is a digital currency, and gold is a trading medium. Its price depends on the government's control. The government can control gold to some extent, but bitcoin only It will be influenced by those whales

I dont think there is a correlation to bitcoin price and goldprice they are sold and bought from different markets and traded from different people. But if there is way to apply gold price to bitcoin market like usdt may it will become more popular and we can allow to buy gold using bitcoin without any husstle but this is not simple as i think.

I think there’s no relation between bitcoin price and gold price because they are have a lots of differences that make the price too different to each other, they  are only looking the same but they not.

I don’t think that there is as such any specific relation between the valuation flactuation of gold and bitcoin because these two are two entirely different investment but in directly these two are related as bitcoin is now considered as more profitable investment because the profit ratio of bitcoin is very much high because its valuation hikes in a very short span of time so more and more people are now attracted towards investing into bitcoin and thus less people are investing into gold and thus valuation of bitcoin decreases.

so true. I do not think there's any connection between bitcoin and gold either. because bitcoin prices are also very far from the price of gold and they also have the same but different tampa. because gold has a real physical and bitcoin you do not have a physical because bitcoin is a digital currency

I don't think so any relation between Bitcoin price and Gold Price.because both are different investments.

I think there is no relationship at all, which we invest differently. gold investment generated by mining on earth, more to real investment. while bitcoin I generate from online.

I don't think that there is any relation between btc and gold as both are 2 different investment assets for different purposes. U can see that btc is a digital currency and to be used a source for making payments instead gold is an precious element meant for making investments and storing them for long term to make some good benefits.

i think there is no relation between bitcoin and gold.
both are different but if you see trading chart sometime chart seems some relation but truly no relation between gold or btc.

That's how I view the scenario that had happened lately more were pulling out their eggs in the basket, just like bitcoin being sold lately and other's realized that there's no problem about that speculations around

Obviously, they have similarities, but they have nothing to do with each other. They are rare and they are a kind of trading medium and they have value. It's just an existence entity and it's recognized by most people, while the other one doesn't. When we invested in gold, we also did not see physical gold, often just a bunch of numbers on the account.

Bitcoin and gold are totally different from each other there is no link between them.