The similar chart of GOLD and BITCOIN

[TimeTeller]

That gold chart is made over a 40 years period while bitcoin chart is made for the last 2 years. You just can't compare to charts like this and base on them to make a prediction for the future. During 40 years a lot of things can happen that could seriously influence the price of an assets, especially if we are talking about gold because the economy changes,the supply is changing,the politics are changing and many other factors while all of this don't change that much over 2 years. Besides that bitcoin and gold have different factors that determine their price movement overtime.

I do agree that those charts are not comparable as both have different foundations.
Gold chart has been established so many decades of trading that the foundation is already stable and strong.
Whereas, bitcoin chart is considerably weak and at any moment in time will change course.
The price change of gold is predictable while btc price can greatly change over the next few hours.
The trend might be similar but the meaning of those charts are totally different.

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[mirawantirinjana]

Bitcoin will continue to go to the moon, although it cannot change in the near future, I am sure that fluctuations and increases in Bitcoin will be better than Gold.

[HELLOFF]

It seems to me that it is necessary to look at the current situation from a different angle of information perception and compare everything not only with the current state of affairs in the cryptocurrency market and the International financial arena, but also take into account the predictions about how the cryptocurrency and the economic sector of all countries will develop  of the world.  This is a very global question and must be approached very carefully.  We must understand that Gold is a precious metal that will be appreciated under any conditions, even if there are any cataclysms in the world.  Concerning cryptocurrency, this cannot be said, but nevertheless, the cryptocurrency will be in demand by all international rating companies that keep up with high technologies.

[PuertoLibre]

Gold vs. BTC - Rocket Fractal.

Hopium?

Credit to Kaz.

Imagine: https://twitter.com/Pladizow/status/1131294128631885826

What do you think about this? Hope Bitcoin will go to the moon soon.

There is a positive correlation between charts but the comparison alone is not enough to believe in same future faith for both assets. The market situation was completely mixed during acceptance of gold futures and it will be hard for Bitcoin to get the same level.

[Shenzou]

Bitcoin and Gold have been always been similar to each other in a lot of ways and the charts that are provided here shows that but, it does not mean that that bitcoin will have a similar price chart to gold in the future, bitcoin is not accepted by all the countries in the world so it is unpredictable and at any time and any regulation towards it could take its price down, and on the other hand it was able to skyrocket from 6k to 20k in a couple of months and that is something that gold didn't and will never be able to do, and i am sure that a similar or better thing will happen in the future.

[Hypnosis00]

Bitcoin and Gold have been always been similar to each other in a lot of ways and the charts that are provided here shows that but, it does not mean that that bitcoin will have a similar price chart to gold in the future, bitcoin is not accepted by all the countries in the world so it is unpredictable and at any time and any regulation towards it could take its price down, and on the other hand it was able to skyrocket from 6k to 20k in a couple of months and that is something that gold didn't and will never be able to do, and i am sure that a similar or better thing will happen in the future.

And you say that it is a big coincidence? It somehow we are doubtful to see that Bitcoin chart is similar to the current trend of GOLD cause in the first place, they are different and there is no reason to make it the same.

This is a common thing to happen that investors are also investing GOLD when Bitcoin started to climb that makes similar to look by. They are smart, they put their gains into Gold, this means that investors are not relying upon into crypto alone but also into the other investment.