Are there any relationship between Gold and Bitcoin ?

[raji1995naya]

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.

Thank you for your idea !

[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?

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.

Actually, I m not going to connect them. They haven't any inter connection between them. I m talking about the price changes when whales are moving between BTC and Gold.

[Ryker1]

Well, based on my observation I see that they don't have a relationship between gold and bitcoin. But sometimes these two valuable assets will do the same movement due to the trend of the community but that is sometimes a coincidence. If you will analyze it well, bitcoin has a fixed amount so, it is totally different from gold because gold has an unlimited supply which miners can reproduce gold year by year. However, it is impossible to have a relationship since there are very opposite to each other.

[mrkfdr]

hmmm, yeah ... the  correlation between BTC and Gold  is like the correlation between sun and moon 

wen the moon goes up the sun goes down , and vice versa

sometimes you can see the moon and the sun the same time and sometimes they both gone.
go figure..
Happy new year   

[Shasha80]

There is no connection between Gold and Bitcoin, if you see that there are similarities in the price movements of the two, it's just a coincidence.
Maybe it is influenced by the global economy that is happening, or news that does affect economic policy. Because basically Gold and Bitcoin are
different assets, even if you do your research properly it should also find significant differences between Gold and Bitcoin. But both Gold and Bitcoin
are the safest assets in the current economic crisis as a store of value.

[akar87]

There is no connection between Gold and Bitcoin, if you see that there are similarities in the price movements of the two, it's just a coincidence.
Maybe it is influenced by the global economy that is happening, or news that does affect economic policy. Because basically Gold and Bitcoin are
different assets, even if you do your research properly it should also find significant differences between Gold and Bitcoin. But both Gold and Bitcoin
are the safest assets in the current economic crisis as a store of value.

Yeah not connection between gold and bitcoin and most worth bitcoin than gold as investment because bitcoin raise every day and gold waiting year by year increase profit just few percent, when bitcoin raise up I think not have effect with gold or anything because different type between gold investor and bitcoin investor, I think gold investor do not like with bitcoin and the same thing with bitcoin investor raise much profit wanna invest with gold.

[RealMalatesta]

Well although there's this common thought that gold has a finite supply spreading around but in reality that can't be proven. While with bitcoin we know on this particular day the last bitcoin will be mine which means there can't be more than 21 million bitcoin in circulation but that of Gold can't be bet on as new gold will be mined from the ground until the world comes to an end.

That been said then it won't appropriate saying both gold and bitcoin has a finite supply and that's the similarities between then. Sometimes we need to disregard the bullshit the government tell us just to have control over our financial life.

There's no relationship between gold and bitcoin. Bitcoin is miles ahead of gold. In the market there'll be scenario when it seems like some particular assets are moving in the same direction but with time you'll realize it was just a coincidence and not meaning both asset are related.

The idea that gold is "finite" can be proven, as in we can't have more gold on earth than how much earth we have . You can't squeeze in Jupiter size gold into earth itself can you . That is kinda the point of saying "finite" for gold, nobody can guarantee how much exactly gold there will ever be, hell I am not even sure if we could start with mining gold on other planets anytime soon but that could change things as well.

However for now, the idea of finite is basically saying it is not something we can produce ourselves, and we have limited around the world. Sure maybe there will be 5 more tons find out somewhere we haven't looked before, we do not know that kind of number yet, we may never know that, but we just know since it can't be infinitely big, bigger than the whole world, and we also can't make it ourselves, that means finite in terms.

[zanezane]

There is no connection between Gold and Bitcoin, if you see that there are similarities in the price movements of the two, it's just a coincidence.
Maybe it is influenced by the global economy that is happening, or news that does affect economic policy. Because basically Gold and Bitcoin are
different assets, even if you do your research properly it should also find significant differences between Gold and Bitcoin. But both Gold and Bitcoin
are the safest assets in the current economic crisis as a store of value.

No it is not influenced by global economy, journalist just find the comparison a bit more sensational than anything. For me the gold is what you would call a countable infinite, in relation to the size of universe which is infinite or as the theory says, gold could be counted but there are stars that are going supernova that creates a lot of elements including gold. On the other hand, bitcoin is a finite. I think the only relationship that gold and bitcoin has is the process that it is procured which is mining.

[raji1995naya]

Well, based on my observation I see that they don't have a relationship between gold and bitcoin. But sometimes these two valuable assets will do the same movement due to the trend of the community but that is sometimes a coincidence. If you will analyze it well, bitcoin has a fixed amount so, it is totally different from gold because gold has an unlimited supply which miners can reproduce gold year by year. However, it is impossible to have a relationship since there are very opposite to each other.

I m talking about whales are moving towards Gold and BTC. Then sometimes we can see the opposite correlation among these two when major news come out. (Like stimulus package)

[raji1995naya]

There is no connection between Gold and Bitcoin, if you see that there are similarities in the price movements of the two, it's just a coincidence.
Maybe it is influenced by the global economy that is happening, or news that does affect economic policy. Because basically Gold and Bitcoin are
different assets, even if you do your research properly it should also find significant differences between Gold and Bitcoin. But both Gold and Bitcoin
are the safest assets in the current economic crisis as a store of value.

As we know Gold is a safe haven. Btc is not named as a safe haven yet(To my knowledge) So when some major news comes out(Like US stimulus package) You can see what happens to gold and Btc.

[raji1995naya]

There is no connection between Gold and Bitcoin, if you see that there are similarities in the price movements of the two, it's just a coincidence.
Maybe it is influenced by the global economy that is happening, or news that does affect economic policy. Because basically Gold and Bitcoin are
different assets, even if you do your research properly it should also find significant differences between Gold and Bitcoin. But both Gold and Bitcoin
are the safest assets in the current economic crisis as a store of value.

Yeah not connection between gold and bitcoin and most worth bitcoin than gold as investment because bitcoin raise every day and gold waiting year by year increase profit just few percent, when bitcoin raise up I think not have effect with gold or anything because different type between gold investor and bitcoin investor, I think gold investor do not like with bitcoin and the same thing with bitcoin investor raise much profit wanna invest with gold.

Hey.. Please check when Major news pops up. Like the US stimulus package the demand for gold is down But BTC pumps.

[akar87]

Some time have relationship between gold and bitcoin, when gold raise higher price bitcoin allow to going up although have different change price between gold and bitcoin, for gold enough only 4% or 5% but bitcoin more than 20% raise higher price, I think less risk with gold become way why many people still invest with gold but many investor wanna get more by investing with bitcoin to raise much profit fasrer.

[fauzan123]

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.

My point is Investors(Whales) are moving between Gold and Bitcoin. I didn't mean just one or two whales. I mean something larger moves with Billions, between these two. Coz I always note If BTC pump there is a dump of Gold.

I don't think it can be completely confirmed, because the movement of bitcoin itself can sometimes be different from the movement of gold. However, when this differentiator is compared to the major USD pairs as a benchmark, chances are it is. Because the movements that occur in the USD will also affect gold and bitcoin.

[Tahsin Kabir Kollol]

I don’t think there is any such relationship between bitcoin and gold. Although both have become two popular means of investment, they have different characteristics and different areas of effectiveness or use. Gold has been used as an ornament and medium of exchange since time immemorial and is widely used as a medium of exchange. The use of gold as a medium of exchange in foreign trade is widespread, especially due to sanctions in various countries. Bitcoin, on the other hand, is known as a medium of exchange, but it is subject to various restrictions worldwide. So it is not directly related that the price of bitcoin goes down when the price of gold goes up or the price of bitcoin goes up when the price of gold goes down.

[fullhdpixel]

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?

Not quite sure about that trend because I hardly invest in gold so not sure if that is true but I believe that there is literally no connection between a centralized and taxed asset opposite of a decentralized and digital asset. There might be relations like when the gold price is down it means that the trend is shifting towards more digital assets and investing so that might be the case.

I also think that in coming time all the physical assets will vanish and there will be better and safer assets built on the blockchain some centralized while some decentralized both offering way better value and ease as compared to physical assets like gold and diamonds.

[redsun114]

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?

It’s negative for the both of them, although sometimes there are things that can happen and the market will look like they are going the same direction for sometime, this happens at times, and it can be some kind of serious event that can have heavy effect on every market.

Bitcoin and gold have a small connection in my opinion. Both gold and bitcoin were based on the demand to supply. With bitcoin it is completely associated with technology whereas gold is connected with the natural resource. Gold has got long years of history and the same has made it to be more valuable. With bitcoin, it is very young and much to be reached.

These two assets are very different from each other, they are not the same. I don’t even know who came up with the word digital gold for Bitcoin. Bitcoin is not gold, it doesn’t have anything to do with gold, they are different and their charts move differently, and it’s all relying on their level of demand and that of supply.

[raji1995naya]

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?

It’s negative for the both of them, although sometimes there are things that can happen and the market will look like they are going the same direction for sometime, this happens at times, and it can be some kind of serious event that can have heavy effect on every market.

Bitcoin and gold have a small connection in my opinion. Both gold and bitcoin were based on the demand to supply. With bitcoin it is completely associated with technology whereas gold is connected with the natural resource. Gold has got long years of history and the same has made it to be more valuable. With bitcoin, it is very young and much to be reached.

These two assets are very different from each other, they are not the same. I don’t even know who came up with the word digital gold for Bitcoin. Bitcoin is not gold, it doesn’t have anything to do with gold, they are different and their charts move differently, and it’s all relying on their level of demand and that of supply.

Digital Giold at as a stable coin according to my point of view. So I think it will be one of the upcoming best stable coins after USDT.

[raji1995naya]

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?

It’s negative for the both of them, although sometimes there are things that can happen and the market will look like they are going the same direction for sometime, this happens at times, and it can be some kind of serious event that can have heavy effect on every market.

Bitcoin and gold have a small connection in my opinion. Both gold and bitcoin were based on the demand to supply. With bitcoin it is completely associated with technology whereas gold is connected with the natural resource. Gold has got long years of history and the same has made it to be more valuable. With bitcoin, it is very young and much to be reached.

These two assets are very different from each other, they are not the same. I don’t even know who came up with the word digital gold for Bitcoin. Bitcoin is not gold, it doesn’t have anything to do with gold, they are different and their charts move differently, and it’s all relying on their level of demand and that of supply.

If you look at them very closely you can see the relationship between them. Most of the time if the Gold pump BTC is ranging or a little bit of dumping. And If the BTC pump gold is ranging or downwards. Sorry for replying lately coz I did an analysis about those two assets.

[raji1995naya]

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?

Not quite sure about that trend because I hardly invest in gold so not sure if that is true but I believe that there is literally no connection between a centralized and taxed asset opposite of a decentralized and digital asset. There might be relations like when the gold price is down it means that the trend is shifting towards more digital assets and investing so that might be the case.

I also think that in coming time all the physical assets will vanish and there will be better and safer assets built on the blockchain some centralized while some decentralized both offering way better value and ease as compared to physical assets like gold and diamonds.

Don't take it as physical assets. Coz Gold is also in the Crypto market too. (Digital Gold) And the thing is when a stimulus package release from the US government we can see a big pump of Gold and meantime we can see how the BTC behave with the package. May be we can expect some struggle of pumping BTC.

[samputin]

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.