Bitcoin Forum

Hello Everyone,
Wish you a Merry Christmas!

I am a crypto trader as well as a forex trader. I started working on forex recently. I saw some relationship between BTC and Gold. When the BTC pump Gold will fall. On the other hand when a Gold pumps, Btc down. Are there any who noticed this?

I believed that every market globally is connected to each other including Gold. We have seen the negative effect of Covid-19 in March, all of them went nose diving. But there are also proponents that there are no correlation specially in the last couple of months wherein bitcoin was really on a super fast rally. I will advise you to read threads for reference:

[1] [UPDATED] Bitcoin vs Gold vs The US Stock Market(US500) (https://bitcointalk.org/index.php?topic=5279522)
[2] what would be relationship between bitcoin and stockmarket? (https://bitcointalk.org/index.php?topic=3187413.0)

No, they are not.

This is the same speculation as stocks and bitcoin. Whenever the two have good and bad effects, the other is sometimes going with the flow or doing the opposite. That's the correlation that many have been speaking but in all understanding, they are not connected.

We seem to compare them because these two are the hottest assets that we have in the world. But if ever bitcoin moves and the other plunges, there's no connection to it. That's the only typical market that we see.

I do not really think there are any relationship between bitcoin and gold, it is us investors, traders, newbies that try to relate them to one another in terms of the value they bring to the table. Bitcoin is bullish long term, gold has been dominant and consistent since the beginning of the world. Would i invest in bitcoin and gold ? Yes but bitcoin first always.

Thats totally irrelevant I think. They don't have direct relationship, cause stocks and crypto have different approach when it comes to market. Especially on crypto related since it is much volatile compared to stocks.

For me its just merely coincidence or market instinct its not everyday that if bitcoin is high gold is dumping and vice versa. Details and record can prove you that.

No they aren't correlated!

There might be lots of talks and sayings that Bitcoin and Gold are just having some similarities but when it comes to market then they are different.
When it comes to that observation of yours then its just pure coincidence just like when you do trade up with other fiat currencies with other ones
where there's always some bias when it comes to price.

Don't try to correlate them and basing up into their price differences.

Bitcoin isn't directly correlated to the price of gold but there's some exception to this. For instance, when government started to initiate a lockdown in March, it caused a market dump unlike anything I've seen before. This drop wasn't just restricted to crypto but also to stocks and the forex market. It was not until the last 2-4 months that everything started getting back to their prices prior to the lockdown dump. As a side note, over the course of my trading career, I've seen some stocks/forex assets that has correlated with Bitcoin but these happens from time to time.

This has been discussed so many times, comparing Bitcoin to the stock market or gold.

We always comparing them to if there is a relationship between these valuable assets, but it has a long debuted from members the comparison or the relationship they had.  But for me, they don't have a direct correlation because they had different cons and pros.

I saw a thread last week created by @Hydrogen, here you may take a look at the price chart.
As you can see, they don't have the same pattern.

And the existent topics.

• Bitcoin VS. GOLD (https://bitcointalk.org/index.php?topic=2272001.0)
• Bitcoin vs Gold vs Fiat (https://bitcointalk.org/index.php?topic=5129878.0)
• Bitcoin versus Gold, the conflict (https://bitcointalk.org/index.php?topic=5129941.0)

Of course not.

They don't have any correlation with each other. It might just be a coincidence that bitcoin pumps and gold dump. In the first place, they are far too different and having a relationship with each other might not be possible. Inflation of gold is not also related with the volatile matket of bitcoin.

This may be a good article (https://www.coindesk.com/money-reimagined-bitcoin-vs-gold-narratives) to read bout their differences.

Gold has a good correlation with Bitcoin before the growth of bitcoin in last quarter. Some people believe gold will follow the growth of bitcoin with a little delay of few weeks. I have my strong belief in the growth of precious metals include gold but the growth of bitcoin caught too many capital and other assets need to wait the cool down of bitcoin to attract new capital flow. Without new capital flow, the other assets will not rise.


Bitcoin and Gold Correlation Reaches Record High 70% (https://news.bitcoin.com/bitcoin-and-gold-correlation-reaches-record-high-70-bolstering-btcs-store-of-value-credentials/)

Bitcoin is almost, but not entirely different from gold. The only similarity between bitcoin and gold is that, for both things, individuals sometimes exchange goods and services, or tokens representing goods and services.

I believe there were always some correlations between Gold and BTC price, but after the recent pandemic Bitcoin tends to follow SPX/USD more and if you compare SPX/USD and BTC/USD chart side by side you will see the obvious similar pattern in their charts and trends.

But the correlation between Gold and BTC makes sense since both are more decentralized ways of storing value comparing to Fiat, after all when people buy Bitcoin or Gold they want to have some kind of an asset that won't be affected by world crisis and government issues which could ultimately lead to devaluation of national currencies.

Err I don't think so. There may be some minor connections, but that's it, it would only be minor ones that honestly could be contributed to coincidence most of the time. In the first place, there's no correlation between the two markets other than both of them being safe assets, and they could even to be said polar opposites as a safe asset. Gold is a safe asset and has stood tests against time, having a stable price for years, while Bitcoin is also a safe asset but has continued to test itself, pushing boundaries to reach the current price it has right now. Sure, some people may say that people moved form Gold to BTC due to it being an asset that actually increases in price, but let's not forget how BTC also has the tendency to fall down, making investors lose profits.

This is my opinion as a person who does not know specific knowledge in this matter. I guess what all connected markets mean is the circulating money for traders right? so for example the bitcoin trend is strong then people will start diverting their funds for bitcoin trading. and vice versa, because the value of this fund is not small so it will affect the price movements of bitcoin and gold

I don't think they have an official relationship. But it could happen that some biggest (Investor/whale) man is loving both BTC and Gold. That when they buy bitcoin crypto market turned into Bullish and when they sell bitcoin they buy GOLD so that they can also make some profit from here. It's my personal opinion it could be wrong or right. But I don't believe there is any relationship between GOld and BTC.

I have noticed this since I started trading. Bitcoin has long become a part of the financial world where gold is an essential part. When bitcoin was created, not many impacted were made by it. But now, a single move of either bitcoin or gold can affect each others. Sometimes, both bitcoin and gold climb to a new high without interrupting each other. But if you belong to the technical analysis, dont waste your time to look at both chart simultaneously because it obscures your vision. The less information you have, the more correct prediction can be made

Thanks for sending your Merry Christmas.

first of all we can see how the positions of the two assets. Based on this fact, there is a lot of speculation that says gold and bitcoin have a correlation. and not a few also said there was no correlation. So which I think is both true, because gold is a real asset and can be seen from its physical form, it is mined with various heavy equipment. while bitcoin is digital gold that can only be mined using software on a computer, bitcoin is in limited supply whereas gold is not.

Apart from a store of value I don't think they have more of similarities or relationship to connect with. Even if gold pumps there's still huge gap especially on gain it has even just this year alone.

There is no relationship between Gold and Bitcoin. They are completely different commodities. Both have value in the market and they are in a flammable state. Their prices fluctuate. Gold and Bitcoin can be invested in both places and profit can be gained, but sometimes there is a loss. There is more difference as Gold is our tradition and Bitcoin is the online currency. Which is also called proximate currency. It is generally understood that there is no relationship or similarity between them.

Bitcoin and gold to deference currency. I think don't have any connection in there. If you follow bitcoin price chart you saw that bitcoin price all time increase and decrease but gold price can not increase and decrease in same way.
So i think don't have any relationship between Gold and bitcoin.

I think BTC is on the way to become digital gold. With more years pass people treat it like that.

That's a good observation that you made.
It is known that there is some sort of relationship between Bitcoin and Gold, and in particular, a negative correlation. Much like one you described.

However, I find that this is not always holding true, and it is my belief that only when a large economic factor like the pandemic affects most of the investors out there the relationship becomes more obvious.

In other words, when a large number of investors turn away from Gold, often they'd invest in Bitcoin. Obviously this is a dynamic process and can occur in either direction, though lately it has been in Bitcoin's favour.

That was just your own speculations only, because for me they don't have any relationship. Literally speaking, Gold is physically touch while bitcoin is not. But possible Bitcoin can be the digital Gold, its more on realistic anyway. But for now I don't know if the price of Gold is down while bitcoin at the moment kicked it price value in the market at almost close to 28k$ each.

"Are there any relationship between Gold and Bitcoin ?"
No. Bitcoin has only a slightly positive correlation with the other assets. But Bitcoin is a better investment for short-term potential gain—but you also have the potential to lose a lot of money. Gold, however, is a stable investment that is almost guaranteed to return on your investment in the long term.

I think, bitcoin has no connection with gold. Because, gold is a precious metal, on the other hand, bitcoin is a digital currency. Now the time is for bitcoin, cause the price of bitcoin is increasing. On the other hand, the price was gold increasing previous few month and it can happen in next month or now.

This thread makes me curious about the OPs topic and by the time that i have read these thread also leave me a question if does it has a relationship. But in my own opinion i didn't see any connection or even relation for both has their own respective areas where it was valuable. Though can't deny the fact that gold wasn't depreciate its value but knowing bitcoin todag i bet that this is also a one of a kind of gold in other dimension. 

Bitcoin and gold have a small connection in my opinion. Both gold and bitcoin were based on the demand to supply. With bitcoin it is completely associated with technology whereas gold is connected with the natural resource. Gold has got long years of history and the same has made it to be more valuable. With bitcoin, it is very young and much to be reached.

maybe not the connection in question, but in common, the similarity of Bitcoin and gold is that these two assets are very valuable and of course decentralized, gold is in the world, and bitcoin is in cyberspace, and also has a limited total supply, this is the similarity and connection occurs because people believe these two assets are the same

They (2 assets, gold and bitcoin) don't have dirrect connection but they have indirect connection through the general global economic status. The global economy decides how investors will spend their capital and to which assets. Bitcoin and gold are both considered as assets for storage and despite of the younger ages of bitcoin, in last quarter of 2020, bitcoin is more favorite than gold as a storage asset for investors.

This change breaks the good correlation of bitcoin and gold in previous months this year but soon gold will break out. If you are disappointed with gold performance, let look at what bitcoin made you disappointed before its break out and parabolic growth.

I have realized over course of years that, when there isn't a major news, the price are going reverse, if it is a regular day, any day without any big news, and gold goes down that means bitcoin will go up (which is too instant so I can't catch up :D) and if bitcoin goes down gold goes up, but this works only on regular ordinary days.

However what I have realized if there is a huge news, something major, like stock market crash, something that will affect everyone, that usually means either most things crash together, or they go up together as well. It is just that way for some reason, no idea why or how. The latest example would be pandemic, in march we have seen stocks go down, most fiat devalued, golds go down, bitcoin go down, oil go down and any other thing you can think of went down as well, hell even house prices went down for a while which was weird because historically that never happens.

Not all the times and there is no proportion to both assets in the market, maybe people moving from one to another caused such movements but the market cap of gold is actually a way huge than bitcoin's at the moment so I am not convinced that movement of one is affecting other.

Well although there's this common thought that gold has a finite supply spreading around but in reality that can't be proven. While with bitcoin we know on this particular day the last bitcoin will be mine which means there can't be more than 21 million bitcoin in circulation but that of Gold can't be bet on as new gold will be mined from the ground until the world comes to an end.

That been said then it won't appropriate saying both gold and bitcoin has a finite supply and that's the similarities between then. Sometimes we need to disregard the bullshit the government tell us just to have control over our financial life.

There's no relationship between gold and bitcoin. Bitcoin is miles ahead of gold. In the market there'll be scenario when it seems like some particular assets are moving in the same direction but with time you'll realize it was just a coincidence and not meaning both asset are related.

Actually bitcoins are more limited and hence way more precious than gold and both of them require some work to be done to obtain them like gold has to be mined by going through a funnel of processes and bitcoins we know we have to waste some power to mine the coins.

Bitcoins are more and more limited and with time while gold can be mined and there is absolutely no fixed value of gold available although rare but it is not by any means in critically low supply yet.

I was trying to read and analyse a few charts but could not find any relation in the market movement of them both.

At first glance, it would be like that especially if you have been with forex for a long time or new to it.
But, you will find out once you get used to it.
It would be better to not compare them. Let it be a different kind of trading process and different market approach.
I think you will be fine in the future as long as you can read the market clearly.

As everyone should know, the market consists of different people, and we are all connected depending on how much people are involved in both parties. Let's see the current situation. We have reached a new ATH, and we continue to rise. It’s probably because the money in Gold was withdrawn and Input into BTC. This is possible but cannot be proven totally. Maybe through indicators like volume to determine if there is an increase in the following asset pump and a decrease in the asset dump.

It’s all speculation, though. What matters is to be continuously investing and trying to compound your account.

Yeah right, there's time that both are down and there are also time that both are moving upwards, though they've got some relations

since traders are just switch places, pump may happen to one venue while the other one will experienced dump, it's all about money

and how traders and investors work it out.

Frankly speaking gold is still the most dominant form of savings because it is backed by central government and there is a certain trust people associate with gold. Bitcoin without a doubt is a solid investment but there is always that uncertainty and people only invest into bitcoins what they can afford to lose which does not gives too much confidence.

They are related because when someone is selling their savings in gold that means they are more likely shifting their vision and might be investing into bitcoins so gold and bitcoins are inversely proportional to each other I think.

Or just the emotions of both the investors coincide each other at certain times or just act in the opposite way but for now bitcoin investors are floating in the air while the remaining traditional assets are very stable for a while.

Thank you! I will go through this thread!

My point is Investors(Whales) are moving between Gold and Bitcoin. I didn't mean just one or two whales. I mean something larger moves with Billions, between these two. Coz I always note If BTC pump there is a dump of Gold.

Thank you for your idea !

Actually, I m not going to connect them. They haven't any inter connection between them. I m talking about the price changes when whales are moving between BTC and Gold.

Well, based on my observation I see that they don't have a relationship between gold and bitcoin. But sometimes these two valuable assets will do the same movement due to the trend of the community but that is sometimes a coincidence. If you will analyze it well, bitcoin has a fixed amount so, it is totally different from gold because gold has an unlimited supply which miners can reproduce gold year by year. However, it is impossible to have a relationship since there are very opposite to each other.

hmmm, yeah ... the  correlation between BTC and Gold  is like the correlation between sun and moon 

wen the moon goes up the sun goes down , and vice versa

sometimes you can see the moon and the sun the same time and sometimes they both gone.
go figure..
Happy new year   

There is no connection between Gold and Bitcoin, if you see that there are similarities in the price movements of the two, it's just a coincidence.
Maybe it is influenced by the global economy that is happening, or news that does affect economic policy. Because basically Gold and Bitcoin are
different assets, even if you do your research properly it should also find significant differences between Gold and Bitcoin. But both Gold and Bitcoin
are the safest assets in the current economic crisis as a store of value.

Yeah not connection between gold and bitcoin and most worth bitcoin than gold as investment because bitcoin raise every day and gold waiting year by year increase profit just few percent, when bitcoin raise up I think not have effect with gold or anything because different type between gold investor and bitcoin investor, I think gold investor do not like with bitcoin and the same thing with bitcoin investor raise much profit wanna invest with gold.

The idea that gold is "finite" can be proven, as in we can't have more gold on earth than how much earth we have :D. You can't squeeze in Jupiter size gold into earth itself can you :D. That is kinda the point of saying "finite" for gold, nobody can guarantee how much exactly gold there will ever be, hell I am not even sure if we could start with mining gold on other planets anytime soon but that could change things as well.

However for now, the idea of finite is basically saying it is not something we can produce ourselves, and we have limited around the world. Sure maybe there will be 5 more tons find out somewhere we haven't looked before, we do not know that kind of number yet, we may never know that, but we just know since it can't be infinitely big, bigger than the whole world, and we also can't make it ourselves, that means finite in terms.

No it is not influenced by global economy, journalist just find the comparison a bit more sensational than anything. For me the gold is what you would call a countable infinite, in relation to the size of universe which is infinite or as the theory says, gold could be counted but there are stars that are going supernova that creates a lot of elements including gold. On the other hand, bitcoin is a finite. I think the only relationship that gold and bitcoin has is the process that it is procured which is mining.

I m talking about whales are moving towards Gold and BTC. Then sometimes we can see the opposite correlation among these two when major news come out. (Like stimulus package)

As we know Gold is a safe haven. Btc is not named as a safe haven yet(To my knowledge) So when some major news comes out(Like US stimulus package) You can see what happens to gold and Btc.

Hey.. Please check when Major news pops up. Like the US stimulus package the demand for gold is down But BTC pumps.

Some time have relationship between gold and bitcoin, when gold raise higher price bitcoin allow to going up although have different change price between gold and bitcoin, for gold enough only 4% or 5% but bitcoin more than 20% raise higher price, I think less risk with gold become way why many people still invest with gold but many investor wanna get more by investing with bitcoin to raise much profit fasrer.

I don't think it can be completely confirmed, because the movement of bitcoin itself can sometimes be different from the movement of gold. However, when this differentiator is compared to the major USD pairs as a benchmark, chances are it is. Because the movements that occur in the USD will also affect gold and bitcoin.

I don’t think there is any such relationship between bitcoin and gold. Although both have become two popular means of investment, they have different characteristics and different areas of effectiveness or use. Gold has been used as an ornament and medium of exchange since time immemorial and is widely used as a medium of exchange. The use of gold as a medium of exchange in foreign trade is widespread, especially due to sanctions in various countries. Bitcoin, on the other hand, is known as a medium of exchange, but it is subject to various restrictions worldwide. So it is not directly related that the price of bitcoin goes down when the price of gold goes up or the price of bitcoin goes up when the price of gold goes down.

Not quite sure about that trend because I hardly invest in gold so not sure if that is true but I believe that there is literally no connection between a centralized and taxed asset opposite of a decentralized and digital asset. There might be relations like when the gold price is down it means that the trend is shifting towards more digital assets and investing so that might be the case.

I also think that in coming time all the physical assets will vanish and there will be better and safer assets built on the blockchain some centralized while some decentralized both offering way better value and ease as compared to physical assets like gold and diamonds.

It’s negative for the both of them, although sometimes there are things that can happen and the market will look like they are going the same direction for sometime, this happens at times, and it can be some kind of serious event that can have heavy effect on every market.

These two assets are very different from each other, they are not the same. I don’t even know who came up with the word digital gold for Bitcoin. Bitcoin is not gold, it doesn’t have anything to do with gold, they are different and their charts move differently, and it’s all relying on their level of demand and that of supply.

Digital Giold at as a stable coin according to my point of view. So I think it will be one of the upcoming best stable coins after USDT.

If you look at them very closely you can see the relationship between them. Most of the time if the Gold pump BTC is ranging or a little bit of dumping. And If the BTC pump gold is ranging or downwards. Sorry for replying lately coz I did an analysis about those two assets.

Don't take it as physical assets. Coz Gold is also in the Crypto market too. (Digital Gold) And the thing is when a stimulus package release from the US government we can see a big pump of Gold and meantime we can see how the BTC behave with the package. May be we can expect some struggle of pumping BTC.

I disagree with you, all cryptocurrency is related to each other but the bitcoin is most demand crypto. There are several crypto currency that can be use to exchange in local currency, my point is the other crypto like gold need to trade on other currency like bitcoin before local currency that will become fiat. Indeed, if they trade both, the stock of bitcoin will decrease and the value will increase and the stock of gold will increase so the value will decrease.

We have no way of truly attaching a hard value to an ounce of gold, and it is not used as a currency. However, faith in the metal itself keeps it valuable – the value of gold is in the minds of those trading it - Bitcoin is valuable because those trading Bitcoin (https://trade.kucoin.com/BTC-USDT) consider it to be valuable.  Both are of limited quantity; both are considered a hedge; both are seen as an anti-fiat currency.

In many ways, Bitcoin seemed to be designed – whether intentionally or not – as a virtual form of gold. ]

I can only find their similiraties but in the eyes of most people, bitcoin and gold are in competition and would be trying to fight each other by increasing their values.

I don’t thing so. They are completely to difference things. But there is a coincidence that maked a dout. For the bull market both things price is going up and up. Even coincidentally both price have risen to twice from they were before.
But It's Just and coincidence. There is no connection between them.

Bitcoin and gold share the same purpose. They are both hedges against global insecurity, economic instability, and inflation. Both assets are intended to provide security for investments. However, GOLD is a physical asset that has many intended uses, which makes it a highly sought after resource while BTC (https://trade.kucoin.com/BTC-USDT) still a virtual one which sometimes crypto traders used to trade at a particular exchange

We are the only one thinking there's a competition between both assets. The two are different and unique in their own ways. While one already has the trust of the people for been a safe heaven, the other is been seen as a very volatile (which it's), speculative assets that has no real life usages. The only relationship I can think off is both been a better alternative to the fiat system, if you're looking for a way to escape the Ponzi scheme called the fiat system, you can used that worthless fiats to buy gold (if you intend taking less risk).

Or buy bitcoin (if you'll be comfortable with the risk it posses) and do understand that it has greater chances of outperforming any assets since it's relatively new and has a better technology and mode of operation which is decentralized and also digitalized unlike gold that's the direct opposite.

Gold is more of Great Depression type of hedge but bitcoin is just a general unrest in the economy and I do not think that they share the same purpose. Bitcoin does not provide security like gold, remember that gold is still the chosen reserve by countries even though bitcoin is a far better option for security.

What you know so far is right, bitcoin does not have any relation to gold. For me, the only relation that gold and bitcoin has is that people keep insisting that they have a relation, don't they know that there will be chances that the prices of both market goes down the same way, well if we will go that far, I think bitcoin, stock market, gold and airplanes have a relation, and that is all of them goes up and down.

Gold is more than that tbh and seeing their individual market activity over the past few years, it is understandable why many believe that bitcoin could ultimately replace gold in terms of value but bitcoin still continues to experience significant price fluctuation that often results in substantial losses.

Another reason that the bitcoin is unlikely to replace gold as an investment asset is that the system has yet to achieve full status as a truly "universal" and legitimate form of currency. Many countries, including Germany, Norway, Russia, France, Thailand and Korea, refuse to use the bitcoin for fear of potential loss. In fact, several have gone as far as making it illegal in their country.

BTC will always be that safe-haven coin to the people that believes in it, but bitcoin is still far from the finish line.

Volatility is really not enough reason to say that they are not like each other, I would say they are quite like each other even with volatility considered. Could you pay for something with gold? Rarely, I mean most places do not accept gold but if you deal with someone and told them you are going to give them a huge gold bar, taking all the fee's into consideration and all the expense and how slow it would get it, you could still do it, it is not illegal to do it after all.

Same applies to bitcoin, you do not have millions of places accepting it, but if you talk and agree with someone over bitcoin payment you could still do it with slow transaction speed and expensive fee's as well. Also they are both store of value as well, which helps with investing into both of them and that is where volatility of bitcoin matters but in the long term both of them are destined to go up.

This is between Physical and Invisible were they cannot be the same. So there is no similarity due to they are differ into one another.
In short, Bitcoin and Gold doesn't have any relationship literally speaking, But in traditional way of business Gold is very popular worldwide, while Bitcoin is very popular in in digital world online business.

There is nothing, no need to doubt and compared them. They are created for a different purpose, so much to say that they are not competing with each other unlike what others say and think.

It is so many times that this has been asked, comparing Bitcoin and Gold, There is no ending story of asking about them, and even we take a look at them, it is pretty obvious that they are different.

There is only one thing in common with them is that they a valuable asset (physical asset vs virtual asset).

I believe there is a "slight" similarity but it is based on the fact that what people perceive them as and not what they are. Obviously crypto and gold are very two different things and that is why I think it is quite clear that people do not really see them as the same thing, they know they are different obviously. However even though they are two different things, in their own rights, they are also both can be used as store of value, a way to run away from ever devaluing fiat currencies and running towards having gold or crypto to save your wealth. I do not know gold number so I am going to go with bitcoin for an example.

Let's say you have 1 bitcoin at 35k today, you can buy a tesla with it (I don't know if you can, I am just assuming), 50 years from now, bitcoin would be 250k and tesla will be 250k as well, this means if you kept it as fiat, you would have 35k and can't buy a tesla, but now you can still get one. That is how people see both bitcoin and gold.

Indeed but people do keep comparing off things even its clear that they are really just different.Digital Gold and literally a Gold? Who would really be tending to say that they are just the same?

I don't know on whats up to the minds of other people or investor on why they are really fan on attaching things on something that shouldn't really be attached? Lol.

If you are in torn on choosing which one neither bitcoin or gold then why wont choose both?

There is so much hype around crypto general so people believe everything. Calling it digital gold give a wrong impression about BTC for new people. With time people will understand.

it can be said that gold and Bitcoin have a little relationship...
actually not a direct relationship it's just that when the price of Bitcoin goes up and the price of gold goes down it means gold investors move their funds from gold to Bitcoin. I forgot in the thread where I ever read it, it said that many gold investors have moved their funds from gold to Bitcoin.

Yeah, I agree into these words where people would really know the truth as they hover out and hanging around into this market.This isn't something that would really

literally can be compared with gold but somehow with some characteristics or behavior then you can blame out people on not to make one when it comes to similarities.

In truth speaking I don't really see any relationship not only just on gold but also in other things as well like directly on fiat currencies or even on stocks.

It isn't just right for you to connect the dots which aren't really supposed to do so.

I think both are Value-Stores. XauUsd is more for ppl who want to buy gold, and store it their houses. BtcUsd (https://de.tradingview.com/symbols/BTCUSD/) is more for "online" ppl. as you need at least electric to exchange BTC.

So Gold imho is more a physic store, whereas BTC is more a digital store of value.

So I want you to make an analysis about last week. If you carefully analyze it you can see that starting from Monday Gold was selling and Bitcoin started to pump. This is one example for my point.

I can't agree with the part which says Both are limited quantity. Coz Bitcoin supply will end in 2140 and the date that Gold supply end is not declared yet. And the thing is I m not going to connect those two metal and Digital currency. I just have a point when the whales are moving between these two currencies the dumps and pumps occur. As an example please analyze both Gold and Bitcoin charts starting from last Monday. So you can see the difference and how the thing was going on.

I can agree with the part of your statement. they have unique features. Of course yes! And Gold is a safe haven assets already. After the popularity of Bitcoin it also now acting as a safe haven. So the whale ( Not like retail traders like us) are moving huge volumes between these two assets. It cause to pumps and dumps. I can provide many examples that tally with my statement. A recent example is the last week Gold Chart and Bitcoin chart. please compare them carefully. So you will have a clear idea about my statement.

That doesn't mean that they are same thing, just like cryptopreneurbrainboss says they are different things. Just because you use something for the same reason doesn't mean that they are the same thing. For simple reasons think of a fork and a knife, you want to cut a meat right? Knife does it very easily, fork can still technically do it with the sides of it and it will take time but you can still do it, a fork is not a knife and a knife is not a fork but you did same thing with both of them, now that meant is cooked think about using a fork to pick it up and eating, and think about a knife and poking it and eating it, you did the same thing with them again even though one was better.

So you see, bitcoin and gold are alike enough that you can do the same thing, we didn't say shoe, we said fork and knife, but they are still not the same thing.

Physical phase and existence such as gold as a tangible and bitcoin as an intangible we could finally say that the two are not comparable and no need to be compared of. Both were important in their own areas where they were belong and existed and we are lucky enough that we are belong to the community where we can earn a profit from an intangible phase of currency but yet it does existed. But the sad truth is, people are looking for a perfect reason why such a bitcoin does valued like a value it has right now, but the truth is a bitcoin could be considered as a gold in the world of digital currency and there is no relationship between the gold stone.

I didn't even thing that it may be possible because there are many other coins too , when Btc up they are going to down or even the same coins when Btc is going to up they are also going up, so, it is trading and you know it is volatile, everything can happen here. But we can only predict the coins selling and buying target through which we can trade.

I think Bitcoin and Gold two different things.Bitcoin is a digital crypto currency. But both things are valuable in real or virtual life.Few years ago Gold price was too low but now gold price huge increase like Bitcoin. Some years ago bitcoin price was around $3k-10$k but now average $48k+. I think both are most   valuable.

Both are assets, one digital (Bitcoins) while the other is physical (gold) and soon we can also say that - Both are worldwide recognized!

Just like gold, Bitcoins are rare and to make Bitcoins more valuable, there is a hard cap on the total supply which doesn't hold true for gold which is continuously in demand but the supply is ever-growing too. I heard there is a planet where Elon has found gold or something so that may happen but Bitcoins have a fixed supply that can't be changed.

For the same reason, investors in real-life assets like gold are moving to digital assets like cryptocurrencies.

Yes, in reality, BTC is considered as the current gold, it is not bad to obtain gold and Bitcoin, in fact there are many projects that have Digital Gold backed by physical gold, which is a guarantee through Blockchain, if we take into account how safe is "gold" has an incredible history, in fact gold is the one who bails out any country with economic crisis, on the other hand, the BT so far is entering countries with government systems where they want to adopt an alternative economy , I think there is no comparison between Gold and BTC, the only comparison that exists for me is that both represent money and value, and the value is according to how each person sees it, taking into account the volatility of BTC, gold continues being superior, but in terms of growth, BTC has the advantage.

The store value of both entities gives investors chances to earn by holding either Gold or Bitcoin. This factor gives these two assets relationship or similarities.

Though it's not relatively moving alongside as both still depend on how investors seen the value.

But just how many people see these valuable assets, it's good for storing your excess wealth knowing the how the market moves within these two valuables, it can generate more profits while holding it.

You can definitely draw certain parallels and understand that there is something in common.

I can say that they don't have any relationship in between because there are many other coins that when bitcoin rises there price also rise, and it also happens many times but i wanna say that it doesn't mean that they are related to bitcoin. It is trading and in trading everything can happen, because the market is volatile.

I didn't know much about forex but i want to say something that due to bitcoin there will be more coins like Gold and etc that it have an impact on these coins but the way in trading it behaves like volatile and also we know that we can only predict and can't say 100% truly about a coin that it reaches to the target.

Of course bitcoin and gold have a relationship. Bitcoin and gold are both the most popular commodities. When interest rates fall, investors will buy other investments such as gold and bitcoin. That's why the price of bitcoin and gold was able to rise in the last year.

Gold is a precious metal that acts as a safe haven. BTC is a new digital currency that aspires to be like gold. But currently its use is more as a means of speculative investment so the price is not stable. The relationship between BTC and gold prices can be seen by correlation analysis . This analysis compares the performance of various asset classes on the same time frame over time. Gold and BTC move in opposite prices. When BTC falls, investors move their money to safe havens such as gold. However, this correlation coefficient analysis is not completely absolute. If you look at past history, the interpretation of this analysis may change so you need help with other analysis confirmations such as looking at price action and price trends.

Its more or less related to each other. I see bitcoin as an asset when compared to Gold. I remember, Gold value was really increasing in April 2021 and at the same time, the Bitcoin value really peaked as well. It depends on huge / big investors in the market. Let me say, the market is depend on few big hands rather than small investors. Its they who manipulate the market, let it be gold or bitcoin.

Gold sells better it has nothing to do with bitcoin is decentralized but is able to change if the government wants it for gold comparing bitcoin digital currency to gold will not have any effect on the price of bitcoin. Maybe the use of bitcoin is increasing in the market for which its price is increasing bitcoin has more opportunities than gold.

Maybe it justin as some investors shift their investments from gold to crypto, I have some friends who stop stocks and shift in crypto maybe same with stock crash happens in gold, it will depend in the status of our investment or how we see the potential rise of bitcoin now than in gold.

It seems so that neither gold and bitcoin have anything to do,
and if speaking both for me it is a promising investment regardless of whether it has a big risk or not,
indeed the more we come here we can see that more and more people are getting into cryptocurrency

Of all the ideas I've come across as a digital currency when it comes to cryptocurrency, I think bitcoin is the most popular digital currency in the world compared to gold. So at present it is possible to make a lot of profit by investing in Bitcoin as compared to gold.  The value of this cryptocurrency bitcoin has already moved closer to $50k and will increase the most in the future.

Yeah, price could be independent or related depending on the situation, like last march when the covid hit, the price of gold was not doing good in my nation, while price of bitcoin crashed as well, that is a relation, but gold prices didn't rise as much as bitcoin prices did, from 4k to 64k is a 16x increase and gold DEFINITELY didn't do that, that would be like world's biggest news ever if gold ever did that, it goes up a little and goes down a little.

So, relation as in price? Maybe. Relation as in the way people use? Definitely.

However reality is that the way people use it is definitely similar, people use them for store of value, dollar (or any fiat) gets less and less valuable over time and that means that people could use gold or bitcoin to save their value instead of letting them rot in fiat. Which is why I %100 believe that their logic are one and same.

Your argument is correct, however Analysts believe that financial institutions are leaning towards Bitcoin as an asset. Bitcoin users think that Bitcoin is taking the place of gold as an asset. Analysts are speculating. The US dollar may depreciate in 2021 - fearing that the price of bitcoin may rise further this year. At the onset of the Corona epidemic, investors turned to the dollar to find reassurance amid uncertainty. This increases the value of the dollar. But later the dollar fell due to several incentive packages. As well as transactions like PayPal or payment gateways are now starting to accept digital currency, Bitcoin. Paolo Ardiono, chief technology officer at cryptocurrency exchange Bitfinex, told The Guardian. The digital currency market has never been so buoyant.  As a result, the future of Bitcoin owners is very bright. So I think investing in Bitcoin compared to gold at the present time can improve in the future.

I noticed this as well during the last NFT on the 6th of August, while gold fell btc bumped and the further gold went down the higher btc climbed I'm still trying to figure out if there could be any relationship between the two, But my confusion is that bitcoin is fully decentralized while gold is 100% centralized and this is why I can't conclude yet if both has any relationship

May be there is a situation that the Gold and Bitcoin have something common in their features due to which they will be some relationship between then but i don't even think so, like we can say that in  trading every thing can happen , and we can't say about anything from ourselves.

I Don't think there is a relation between  them both are the kings of different markets.  So they pumps and dumps in their own way

Peter Schiff wins debate over whether gold is a better store of value than BTC - https://cointelegraph.com/news/peter-schiff-wins-debate-over-whether-gold-is-a-better-store-of-value-than-btc (https://cointelegraph.com/news/peter-schiff-wins-debate-over-whether-gold-is-a-better-store-of-value-than-btc)


Interesting debate, I can't say I agree with the winner, I belong to the group that would vote for Bitcoin! But looks like the majority of people still prefer gold over crypto, Bitcoin specifically! If you read the article you can see the main arguments from both sides and decide who has better ones by yourself!

Gold and Bitcoin are stores of value, both in their own way! Gold can be used for other things, while Bitcoin lives only in a digital way! But I think Bitcoin has its own advantages, that will be more welcomed in the future! If you hear what Schiff has to say, you will see why people prefer gold, but I believe they are not aware of the future that's coming!

Both have some value and different usage but I think the price of gold amd bitcoin doesnt have any effect with each other.

They have their own respective markets so I believe, they exist independently with each other. Besides, gold market has been here for centuries and it is one of the established markets globally. Gold doesn't need bitcoin to survive but on the other note, bitcoin needs gold. Because miners are using these equipments that require gold as integral component of the equipment.

There is no relationship between Bitcoin and Gold, so the price movements of the two are not related at all, Bitcoin and Gold have different markets.
Because their uses are also different, indeed Bitcoin and Gold have similarities, but that doesn't mean they influence each other. So investing in both
will provide maximum profit for us as investors, Gold and Bitcoin are both very profitable assets if held long term. But because the price of Bitcoin is
much more volatile than Gold, I am currently only focusing on investing in Bitcoin. Because I think investing in Bitcoin can generate a much bigger
profit than investing in Gold.

Indeed. They don't have any correlation with each other. It might just a coincidence that bitcoin pumps and gold dumps. In the first place, they are far too different and having relationship with each other might not be possible. Inflation of gold is not also related with the volatile market of bitcoin. But I think BTC is on the way to become digital gold. With more years pass people treat it liket that.