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Title: GOLD - BITCOIN negative correlation?!?! Post by: sulkair on November 02, 2015, 05:43:43 PM Hi guys, first time poster here.
I'm sure this has been discussed before. But after nearly a year of fairly stable prices I thought I'd look at the correlation between Gold and BTC. I'm comparing two 6 month charts. Seems pretty hard to argue against. Don't they look inversely correlated? Why would this be???? Isn't Gold and BTC both a hedge against Fiat? Why wouldn't they follow one another? See charts: http://bugalien.com/wp-content/uploads/2015/11/Screenshot-2015-11-02-10.28.53.png |
