Are there any relationship between Gold and Bitcoin ?

[Karish2return]

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.

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[Mamun74]

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.

[perfect999]

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.

[LUCKMCFLY]

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?

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.

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.

[Fredomago]

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.

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.

[Artime]

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

[Karish2return]

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.

[Pasa32]

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.

[Hendra gunawan]

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.

[Qirtov]

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.

[ReiMomo]

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.

[Victorycoin]

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 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.

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.

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.

[dimonstration]

I read most of your ideas and I respect each. Most are saying there is no relationship but still I m sitting on the same idea by looking at the recent crash of Gold and the sudden rise up of BTC..

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.

[kapalmabur]

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 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.

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.

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.

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

[Jackings]

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.

[lixer]

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.

[Jackings]

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.

[Alisha-k]

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 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

[Pasa32]

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.

[xwshamim]

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