Are there any relationship between Gold and Bitcoin ?

[raji1995naya]

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?

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[Yaunfitda]

I believed that every market globally is connected to each other including Gold. We have seen the negative effect of Covid-19 in March, all of them went nose diving. But there are also proponents that there are no correlation specially in the last couple of months wherein bitcoin was really on a super fast rally. I will advise you to read threads for reference:

[1] [UPDATED] Bitcoin vs Gold vs The US Stock Market(US500)
[2] what would be relationship between bitcoin and stockmarket?

[jossiel]

No, they are not.

This is the same speculation as stocks and bitcoin. Whenever the two have good and bad effects, the other is sometimes going with the flow or doing the opposite. That's the correlation that many have been speaking but in all understanding, they are not connected.

We seem to compare them because these two are the hottest assets that we have in the world. But if ever bitcoin moves and the other plunges, there's no connection to it. That's the only typical market that we see.

[ife2020]

I do not really think there are any relationship between bitcoin and gold, it is us investors, traders, newbies that try to relate them to one another in terms of the value they bring to the table. Bitcoin is bullish long term, gold has been dominant and consistent since the beginning of the world. Would i invest in bitcoin and gold ? Yes but bitcoin first always.

[cryptoaddictchie]

When the BTC pump Gold will fall. On the other hand when a Gold pumps, Btc down. Are there any who noticed this?

Thats totally irrelevant I think. They don't have direct relationship, cause stocks and crypto have different approach when it comes to market. Especially on crypto related since it is much volatile compared to stocks.

For me its just merely coincidence or market instinct its not everyday that if bitcoin is high gold is dumping and vice versa. Details and record can prove you that.

[Lanatsa]

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?

No they aren't correlated!

There might be lots of talks and sayings that Bitcoin and Gold are just having some similarities but when it comes to market then they are different.
When it comes to that observation of yours then its just pure coincidence just like when you do trade up with other fiat currencies with other ones
where there's always some bias when it comes to price.

Don't try to correlate them and basing up into their price differences.

[nelson4lov]

Bitcoin isn't directly correlated to the price of gold but there's some exception to this. For instance, when government started to initiate a lockdown in March, it caused a market dump unlike anything I've seen before. This drop wasn't just restricted to crypto but also to stocks and the forex market. It was not until the last 2-4 months that everything started getting back to their prices prior to the lockdown dump. As a side note, over the course of my trading career, I've seen some stocks/forex assets that has correlated with Bitcoin but these happens from time to time.

[sheenshane]

This has been discussed so many times, comparing Bitcoin to the stock market or gold.

We always comparing them to if there is a relationship between these valuable assets, but it has a long debuted from members the comparison or the relationship they had.  But for me, they don't have a direct correlation because they had different cons and pros.

I saw a thread last week created by @Hydrogen, here you may take a look at the price chart.

As you can see, they don't have the same pattern.

And the existent topics.

• Bitcoin VS. GOLD
• Bitcoin vs Gold vs Fiat
• Bitcoin versus Gold, the conflict

[maxreish]

Of course not.

They don't have any correlation with each other. It might just be a coincidence that bitcoin pumps and gold dump. In the first place, they are far too different and having a relationship with each other might not be possible. Inflation of gold is not also related with the volatile matket of bitcoin.

This may be a good article to read bout their differences.

[tbct_mt2]

Gold has a good correlation with Bitcoin before the growth of bitcoin in last quarter. Some people believe gold will follow the growth of bitcoin with a little delay of few weeks. I have my strong belief in the growth of precious metals include gold but the growth of bitcoin caught too many capital and other assets need to wait the cool down of bitcoin to attract new capital flow. Without new capital flow, the other assets will not rise.

Bitcoin and Gold Correlation Reaches Record High 70%

[oliviarobert]

Bitcoin is almost, but not entirely different from gold. The only similarity between bitcoin and gold is that, for both things, individuals sometimes exchange goods and services, or tokens representing goods and services.

[XZERO1]

I believe there were always some correlations between Gold and BTC price, but after the recent pandemic Bitcoin tends to follow SPX/USD more and if you compare SPX/USD and BTC/USD chart side by side you will see the obvious similar pattern in their charts and trends.

But the correlation between Gold and BTC makes sense since both are more decentralized ways of storing value comparing to Fiat, after all when people buy Bitcoin or Gold they want to have some kind of an asset that won't be affected by world crisis and government issues which could ultimately lead to devaluation of national currencies.

[Wexnident]

Err I don't think so. There may be some minor connections, but that's it, it would only be minor ones that honestly could be contributed to coincidence most of the time. In the first place, there's no correlation between the two markets other than both of them being safe assets, and they could even to be said polar opposites as a safe asset. Gold is a safe asset and has stood tests against time, having a stable price for years, while Bitcoin is also a safe asset but has continued to test itself, pushing boundaries to reach the current price it has right now. Sure, some people may say that people moved form Gold to BTC due to it being an asset that actually increases in price, but let's not forget how BTC also has the tendency to fall down, making investors lose profits.

[kpierce77]

This is my opinion as a person who does not know specific knowledge in this matter. I guess what all connected markets mean is the circulating money for traders right? so for example the bitcoin trend is strong then people will start diverting their funds for bitcoin trading. and vice versa, because the value of this fund is not small so it will affect the price movements of bitcoin and gold

[sujonali1819]

I don't think they have an official relationship. But it could happen that some biggest (Investor/whale) man is loving both BTC and Gold. That when they buy bitcoin crypto market turned into Bullish and when they sell bitcoin they buy GOLD so that they can also make some profit from here. It's my personal opinion it could be wrong or right. But I don't believe there is any relationship between GOld and BTC.

[death69]

I have noticed this since I started trading. Bitcoin has long become a part of the financial world where gold is an essential part. When bitcoin was created, not many impacted were made by it. But now, a single move of either bitcoin or gold can affect each others. Sometimes, both bitcoin and gold climb to a new high without interrupting each other. But if you belong to the technical analysis, dont waste your time to look at both chart simultaneously because it obscures your vision. The less information you have, the more correct prediction can be made

Thanks for sending your Merry Christmas.

[bekti3]

first of all we can see how the positions of the two assets. Based on this fact, there is a lot of speculation that says gold and bitcoin have a correlation. and not a few also said there was no correlation. So which I think is both true, because gold is a real asset and can be seen from its physical form, it is mined with various heavy equipment. while bitcoin is digital gold that can only be mined using software on a computer, bitcoin is in limited supply whereas gold is not.

[rhomelmabini]

Apart from a store of value I don't think they have more of similarities or relationship to connect with. Even if gold pumps there's still huge gap especially on gain it has even just this year alone.

[Majharul Saiif]

There is no relationship between Gold and Bitcoin. They are completely different commodities. Both have value in the market and they are in a flammable state. Their prices fluctuate. Gold and Bitcoin can be invested in both places and profit can be gained, but sometimes there is a loss. There is more difference as Gold is our tradition and Bitcoin is the online currency. Which is also called proximate currency. It is generally understood that there is no relationship or similarity between them.

[Rasel5209]

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.