Bitcoin moves like Gold?

[keeee]

increasing the value of gold and bitcoin simultaneously does not mean that bitcoin has the same path as gold. I think this is just a coincidence. the value of gold is strongly influenced by the value of the US dollar and also gold reserves in world banks while bitcoin is not. the rise and fall of bitcoin is only influenced by requests and offers and also news about bitcoin.

I agree it just a coincedence. Bitcoin is very different compare ro gold especially when it comes on its value.  We can see how volatile it is where no one predicts when it will increase and decrease.  Gold is a centralized currency always remembee that. 

[SaShiRaJaVu]

I agree it just a coincedence. Bitcoin is very different compare ro gold especially when it comes on its value.  We can see how volatile it is where no one predicts when it will increase and decrease.  Gold is a centralized currency always remembee that.  

Every market has its volatility but that does not mean you cannot trust those, coincidentally bitcoin is the most volatile market in the entire financial sector and so is the reason some in the economic background has no idea how to figure out the market movement, gold is not a currency if you are not aware of it   , it is an asset class commodity traded globally.

[kro55]

I would say what most of the people here are saying its just a coincidence. Gold is old and different market then new bitcoin. Gold price is not that volatile as bitcoin is. AFAIK, gold price is on the rise for long time while bitcoin join the party just few days ago.

[cutesgirl]

Bitcoin moving not like the gold because only raising up with slowly and each year about 5% but with bitcoin and altcoin we can see just few our bitcoin touch higher price more than 5% but you can lost much money when bitcoin down suddenly more than 10%, but I am the only one unique way for investing where interested with investing big risk and big result.

[bangjoe]

Bitcoin moving not like the gold because only raising up with slowly and each year about 5% but with bitcoin and altcoin we can see just few our bitcoin touch higher price more than 5% but you can lost much money when bitcoin down suddenly more than 10%, but I am the only one unique way for investing where interested with investing big risk and big result.

Gold capitalization every year does look low, but correlation as an asset seems to be more fundamental by speculators and is always associated with bitcoin, especially when there is news that can suddenly develop sentiment. Prices do not run with the exact same increase, only trends that move together for some time.

[Yamifoud]

Bitcoin is like digital gold. Now we in 19th century of gold fever. next century BTC price will continue to surge and it will be more and more difficult to obtain one. Expect the unexpected anyway.

Sorry but Bitcoin can't be similar to gold in all different aspects. Gold doesn't have volatility which is a big factor that Bitcoin will seem to be more profitable than of gold. Gold is known to be a good asset for a long-term investment, though Bitcoin will be considered as well and because of its volatility feature, some people won't hold that long.

I know many of us here are buying gold also, that is a good idea for me. But we are more on practicality which brings Bitcoins more attractive than of gold.

[3la9l_kolbaCa]

increasing the value of gold and bitcoin simultaneously does not mean that bitcoin has the same path as gold. I think this is just a coincidence. the value of gold is strongly influenced by the value of the US dollar and also gold reserves in world banks while bitcoin is not. the rise and fall of bitcoin is only influenced by requests and offers and also news about bitcoin.

I agree it just a coincedence. Bitcoin is very different compare ro gold especially when it comes on its value.  We can see how volatile it is where no one predicts when it will increase and decrease.  Gold is a centralized currency always remembee that. 

I don't see any similarities here, because bitcoin has been very volatile compared to gold due to higher potentials to move upward. Right now as far as I observed with the trend of gold, it still has slow growth of price. Unlike with cryptocurrency, there's random situations that it has a stabilized price in accordance to the behavior of gold but doesn't mean that would stay in that level. The price would abruptly show it's huge spikes once the relative strength index shows it full resistance.

[Maslate]

I would say what most of the people here are saying its just a coincidence. Gold is old and different market then new bitcoin. Gold price is not that volatile as bitcoin is. AFAIK, gold price is on the rise for long time while bitcoin join the party just few days ago.

Bitcoin and gold are very different assets and the price of gold is more stable than bitcoin because of its high volatility. It's more of a coincidence that time because the price of gold that time is already high compared to bitcoin wherein its price fluctuated from time to time.

[suzanne5223]

I would say what most of the people here are saying its just a coincidence. Gold is old and different market then new bitcoin. Gold price is not that volatile as bitcoin is. AFAIK, gold price is on the rise for long time while bitcoin join the party just few days ago.

Bitcoin and gold are very different assets and the price of gold is more stable than bitcoin because of its high volatility. It's more of a coincidence that time because the price of gold that time is already high compared to bitcoin wherein its price fluctuated from time to time.

Youre right about bitcoin and gold to be different assets and it never a good impression  but if you ignore that part while you check the chart of the two assets they indeed connected to each other lately it might be coincident as you said.
Nevertheless, i believe the trend of bitcoin chart moving like gold wont be for long.

[Boov]

I would say what most of the people here are saying its just a coincidence. Gold is old and different market then new bitcoin. Gold price is not that volatile as bitcoin is. AFAIK, gold price is on the rise for long time while bitcoin join the party just few days ago.

Bitcoin and gold are very different assets and the price of gold is more stable than bitcoin because of its high volatility. It's more of a coincidence that time because the price of gold that time is already high compared to bitcoin wherein its price fluctuated from time to time.

Youre right about bitcoin and gold to be different assets and it never a good impression  but if you ignore that part while you check the chart of the two assets they indeed connected to each other lately it might be coincident as you said.
Nevertheless, i believe the trend of bitcoin chart moving like gold wont be for long.

Bitcoin's value and gold's value are really different because as we can see the bitcoin's value is lower than the gold. If you have a pieces of gold and sell it to the market  you can earn a lot of money depending on its karat while if you have bitcoins, you can earn a lot of money depending on its price in the market like for example this month in which you can earn a little money but enough for your daily needs.

[Janation]

Bitcoin's value and gold's value are really different because as we can see the bitcoin's value is lower than the gold. If you have a pieces of gold and sell it to the market  you can earn a lot of money depending on its karat while if you have bitcoins, you can earn a lot of money depending on its price in the market like for example this month in which you can earn a little money but enough for your daily needs.

What do you mean?

Bitcoin now has a higher price than Gold right now. Gold is sold in kilo so if we will be talking about a kilo, obviously Gold would be expensive but if we talk about the price of Bitcoin and Gold, Bitcoin is more expensive. Karat just talks about the purity of gold. You said that you can earn a lot of money from gold, which could be the same about Bitcoin if you will be selling it. If you really want to compare these two, buy 1 Bitcoin and 1 ounce of Gold, sell them in a period of time. Bitcoin has a lot of risks to hold but still, a lot of people earned from it by trading it not selling it directly.

[diahsw]

I disagree with that statement, bitcoin is more passive and fluctuating to say the same as gold, because for the price of gold we can guess it for some time, but for bitcoin, it is very difficult .. !!

[MiraMiraMira]

Perhaps just a coincidence. Because according to the chart, the world price of gold also began to increase during the period when the US and IRAN were at war. The only storage currencies are probably gold and Bitcoin

[karanggatak]

I think this is just a coincidence. because gold and bitcoin are two different types of investments they have different units of account. and if we look at bitcoin has very high fluctuations while gold does not. the value of gold is very much influenced by the dollar while bitcoin is not. so I think bitcoin doesn't follow the gold movement.

[makolz26]

I would say what most of the people here are saying its just a coincidence. Gold is old and different market then new bitcoin. Gold price is not that volatile as bitcoin is. AFAIK, gold price is on the rise for long time while bitcoin join the party just few days ago.

Bitcoin and gold are very different assets and the price of gold is more stable than bitcoin because of its high volatility. It's more of a coincidence that time because the price of gold that time is already high compared to bitcoin wherein its price fluctuated from time to time.

High liquidity is what I think makes gold price more stable then bitcoin. Trusted by investors for centuries, gold is considered as safe haven for storing money. Though many says bitcoin is digital gold, let's see how long it takes bitcoin to beat gold.

If you will ask an investor that doesn't know Bitcoin, for sure they will prefer Gold over it, and if you will ask a crypto user, if what they prefer, I think majority will still invest on Gold, but they will also invest in Bitcoin. You are right, we already trust gold that it has been part of our life already, that's why it won't vanished anymore as it has been the real money since the beginning.

[jostorres]

Moving like gold? Maybe it’s just a coincidence. Bitcoin and gold has nothing in common, there’s no way they are related to each others, they are completely different. That the price moves in position that’s a bit similar doesn’t mean that they are the same thing. If you say this, then what if I tell you that at the time the price of Bitcoin reached it’s ATH price, stocks like Dow Jones and S&P 500 had similar increase, and if you check the graph you will notice the similarities. Things like this do happen and gold is not the first stock that have had a similar graph with Bitcoin. They are all different, there are events that can take place and affect the general market in some ways.

[Latviand]

I think it's just a coincidence. if the price of bitcoin is in harmony with the price of gold, there is a possibility that the price of gold is already very high, but it is not, because even though bitcoin and gold are investment tools, they really have different principles. so the level of fluctuation is very different.

Yeah I agree, this is just a coincidence, in past, I also think that the price of Bitcoin is in line with the price of gold, Because at that time the price movement of Bitcoin was the same as the price of gold, and it turned out it was just a coincidence. Bitcoin price fluctuations are higher than gold price fluctuations.

If you would clearly observe both Bitcoin and Gold's market value movement, there is a huge difference in particular with consistency and the market value itself. The market price of Gold is continuously growing the same with Bitcoin but its market price is more consistent with the uprise unlike with the market value of Bitcoin which is more volatile and have experienced more market price downfall. This is simply the difference between stock and crypto investment.

[gundala]

The OP should provide clear information regarding Trump's statement in question, and include a chart related to the intended price development so that we can provide arguments more directed and unambiguous.

Technically, for its value which continues to rise and over time can become a scarce item because the supply is limited, BTC can be equated with gold. But BTC's volatility is very high, one day it can pump very high and one day it can become worthless too. As for gold, with better real value, the price development looks promising although slow. Here we can take the opportunity in both because each can provide a large return for your investment.

[Google+]

gold price is not like bitcoin, but i think it because asset. when something happen asset will take effect, it doesnt mean that trump speech will give effect on bitcoin price, maybe it just accidental

indeed gold and bitcoin have very clear differences and price movements should be very different if there are similarities it might not be intentional, but I feel the condition of the world economy is also a very strong influence.

You can take advantage of price movements to be able to make a profit.

[hahay]

gold price is not like bitcoin, but i think it because asset. when something happen asset will take effect, it doesnt mean that trump speech will give effect on bitcoin price, maybe it just accidental

indeed gold and bitcoin have very clear differences and price movements should be very different if there are similarities it might not be intentional, but I feel the condition of the world economy is also a very strong influence.

You can take advantage of price movements to be able to make a profit.

Yes, the prices of the two are indeed different but if the movements will resemble then it is still possible, we do not know if that is a coincidence or indeed will happen for the next movement, if the movements are similar in several periods then it is clearly a similar movement but this event is not even too often and by chance economic conditions are also weakening so we cannot conclude if the movement of bitcoin will become like gold because it is an uncertain event.