Is there a relation between Bitcoinprice and Gold price?

[TrumpD]

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.

[Ravion]

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  and Gold price  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

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.

[Vishnu.Reang]

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)

[ilovefeetsmell]

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.

[Dimelord]

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.

[Kevondo]

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.

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.

[bryant.coleman]

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.

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:



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

[Ctn]

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.

[flower1024]

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.

[brobbel]

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 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.

[killerfrost]

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  and Gold price  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

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.

[aoluain]

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 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.

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.

[mindrust]

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.

[humanCNC]

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.

[BitcoinPC]

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.

[batako]

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.

[Pettuh4]

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.

[Edrian]

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?

[oktana]

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.

[Rove_V]

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  and Gold price  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

BITCOIN eat GOLD.

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.