Gold to bitcoin

[jcojci]

But traditional people still like gold than Bitcoin and that is because they don't know Bitcoin and don't want to learn or open their minds. If they learn about Bitcoin, they will see that Bitcoin provide many benefits to them and they can still use gold as their investment. I consider that Bitcoin and gold are the best investments right now so when people can use both as their investment, they will get the benefit.

But I don't know if gold is becoming a director of the Bitcoin market movement. I only see that Bitcoin moves because of something such as news and that affects people's reaction.

[Ishicryptic]

I saw this on the net and thought of bringing it here to be discussed, is gold becoming a director of bitcoin market movement? The market signals are beginning to pattern things in that format and suggestions are that the gold market would in the future be a signal for investors  sentiment.

I wouldn't be surprised if gold becomes one of the signals for Bitcoin investors to make their moves because so far different fundamental factors signals Bitcoin price movement. News triggers Bitcoin demand and supply, it could be political, disaster or positive news, gold has a huge cap and it shouldn't be a surprise if it affects Bitcoin movement. Aside from this fact that Bitcoin can react to gold price I don't think that they have much connection, they are two different types of asset. Although I see Bitcoin being ahead of gold in the future, Bitcoin is easily accessible than gold.

[TheUltraElite]

Gold and bitcoin might seem to be connected at this time but there is no correlation between them. You have to see in the long term charts to understand this, in between short periods of time might show a link but there is none, because gold does not back bitcoin.

People prefer gold over bitcoin because of its physical availability and easy spending in any country, these are the pros and cons, it is what makes that asset important.

Now whether to buy or sell gold, this is your choice, I personally do recommend gold for long term apart from any other traditional asset. Every month some money should be kept aside for bitcoin once the price drops and yearly buy gold at the low prices.

[Renampun]

Don't trust too much what you find on the internet because there is a lot of wrong and misleading information that is deliberately created to influence public opinion, because gold has never been a director of bitcoin market movement, both are different and do not influence each other, from the type of asset alone, both are different, even though both are chosen by several investors to invest, both move according to different market mechanisms and investor bases, so it cannot be said that gold directs Bitcoin movements.

[NewRanger]

Don't trust too much what you find on the internet because there is a lot of wrong and misleading information that is deliberately created to influence public opinion, because gold has never been a director of bitcoin market movement, both are different and do not influence each other, from the type of asset alone, both are different, even though both are chosen by several investors to invest, both move according to different market mechanisms and investor bases, so it cannot be said that gold directs Bitcoin movements.

Now, all eyes are on one thing right now: data, especially data that relates to and influences market expectations. It might be a bit ridiculous to assume that if gold rises, BTC will fall, or vice versa, if gold falls, BTC will rise.

Yes, I agree, as you stated above, that both seem to move according to different market mechanisms and investor bases, even though at first glance, there are sometimes similarities.

Patiently waiting for a pullback or correction will always be a good decision to make our trading safer.

[avp2306]

Don't trust too much what you find on the internet because there is a lot of wrong and misleading information that is deliberately created to influence public opinion, because gold has never been a director of bitcoin market movement, both are different and do not influence each other, from the type of asset alone, both are different, even though both are chosen by several investors to invest, both move according to different market mechanisms and investor bases, so it cannot be said that gold directs Bitcoin movements.

He need to check his sources so that he can verify which is misleading and also which is not, for sure he can find lots of reliable information if he have this attitude on which he verify all the information's he read or heard.

Gold cannot actually dictate the movement of Bitcoin since they are different asset. Maybe he got this idea that Bitcoin becoming a digital gold that's why he think about that there's possible similarities on its movement that might going to happen in future.

For sure he could get lots of ideas from different opinions shared and he must read to learn from what has been shared by lots of people here.

[BitBakerr1]

Gold have been compared to bitcoin but the outcome that bitcoin is bitcoin and gold is gold. Anyway, both have store value yet they don't have the same value although you can use any of it for investment but bitcoin is much better in my opinion and it's also easier to buy bitcoin than gold in my opinion. For gold, there's a chance that you may bought a fake gold or a gold mix with other metals the you will lose some money. I'd say both have it's own advantages and disadvantages. One more thing, I don't think that gold is the director of bitcoin in market movement.

You made some important points that I really love so much first you said bitcoin is more easier to buy and that is very true in my country we have a lot of place that gold is being bought however going into a gold store shows that you have money and people are looking at you immediately you step into that gold store and as soon as you come out you become a target for thieves, so it is always very difficult to buy gold and be safe however it is very easy to buy bitcoin and be safe, bitcoin is more easier to purchase than good.
And again you made a point that one can buy a fake gold to be honest with you in my country a lot of people sells gold especially in this local market we have in here, so except you have your own machine tester for gold you may buy a fake gold because if you rely on their machine to test the gold you want to buy you will still buy fake gold because those machine in their store are being programmed to work in their own way.

[purple_sparkles]

Don't trust too much what you find on the internet because there is a lot of wrong and misleading information that is deliberately created to influence public opinion, because gold has never been a director of bitcoin market movement, both are different and do not influence each other, from the type of asset alone, both are different, even though both are chosen by several investors to invest, both move according to different market mechanisms and investor bases, so it cannot be said that gold directs Bitcoin movements.

He need to check his sources so that he can verify which is misleading and also which is not, for sure he can find lots of reliable information if he have this attitude on which he verify all the information's he read or heard.

Gold cannot actually dictate the movement of Bitcoin since they are different asset. Maybe he got this idea that Bitcoin becoming a digital gold that's why he think about that there's possible similarities on its movement that might going to happen in future.

For sure he could get lots of ideas from different opinions shared and he must read to learn from what has been shared by lots of people here.

Gold and bitcoin are two different types of investments, and it’s great when you have both of these assets. You can’t blame the internet for spreading the wrong information after all, there’s all kinds of information out there, and plenty of it is useful. You just need to find your own trusted sources, and then the knowledge that helps you analyze and make decisions especially on topics related to money and investments will come much more easily.

[Just Say]

It is beginning to appear that way. Gold and Bitcoin has gotten fame as safe-haven assets, mostly if investors lose trust in traditional markets. Hence when gold prices rise, it usually signals risk aversion and Bitcoin oftentimes follows as investors treat it like digital gold. Yet, Bitcoin is lots more volatile and influenced by other  factors like regulations and liquidity, as gold might give hints on time, it's not yet complete director of Bitcoin's movement.

You have made a reasonable statement, Gold is not a director of Bitcoin's movement and it is not backed by gold or any physical currency and government commitments as we know that the value of this currency depends on supply and demand, which has led to a sharp decline in demand for this digital gold since Trump recently threatened to impose tariffs on China or since the tariff war began, which has resulted in the market being in a severe recession. In fact the recent geopolitical situation that began with tariffs has increased the demand for physical assets like gold, which has led many crypto investors to worry and try to get involved in stable assets in this critical situation.

To my knowledge Geopolitical risks caused the biggest decline in the Bitcoin market, and in this situation, gold prices skyrocketed and  touched the highest market capitalization, so it is clear that both assets are different and do not affect each other.

[lizarder]

I saw this on the net and thought of bringing it here to be discussed, is gold becoming a director of bitcoin market movement? The market signals are beginning to pattern things in that format and suggestions are that the gold market would in the future be a signal for investors  sentiment.

There is no thesis that can scientifically prove that the decisive movement of gold can have a determining effect on bitcoin price movements even though we often see the movements of both forming the same pattern. One thing we might learn is that this is triggered by liquidity, thus creating the same pattern in the direction of market movements. It could be that I missed something regarding this or I could be wrong, but I see that there is no scientific data that could possibly be used as a reference regarding this.

Sentiment occurs with several things, both the global economy and rising interest rates and other things that are much more closely related to the economy. These factors can happen at any time because the market will experience chaos every time these conditions occur, but so far these two assets are the best because many people see the potential in them.

[cxtreenal]

I saw this on the net and thought of bringing it here to be discussed, is gold becoming a director of bitcoin market movement? The market signals are beginning to pattern things in that format and suggestions are that the gold market would in the future be a signal for investors  sentiment.

The sudden increase in demand for gold has led to a surge in its price worldwide. I think that is why the price of Bitcoin is in a bit of a correction phase. Bitcoin is being considered as digital gold, so as the demand for gold increases, the price of Bitcoin is not falling drastically and is passing through a stable phase. If other countries in the world start holding strategic reserves following El Salvador and some American states, it can become an indicator of the movement in the gold market. One of the reasons for this is that just as gold is considered a country's federal reserve, if Bitcoin is considered a strategic reserve in the future the market for both assets will be competitive.

[asriloni]

is gold becoming a director of bitcoin market movement? The market signals are beginning to pattern things in that format and suggestions are that the gold market would in the future be a signal for investors  sentiment.

Gold is not driving Bitcoin price. Bitcoin's price movement is being influenced by news in the market. Gold has nothing to do with Bitcoin's price. Did you saw how Trump made whole of crypto plunged include Bitcoin with the only a tweet to impose more tariff on China?

US news was one of example of variables the driven the price of Bitcoin. However, there might be more such as cut rate, geo politic and etc. It's wrong to assume Gold has correlation with Bitcoin.

[Z_MBFM]

I saw this on the net and thought of bringing it here to be discussed, is gold becoming a director of bitcoin market movement? The market signals are beginning to pattern things in that format and suggestions are that the gold market would in the future be a signal for investors  sentiment.

Bitcoin has no comparison with gold, but if one price increases at a much faster pace, it has some effect on the other. Because many people get panic and sell one in the hope of quick profit and jump on the other. For this, it can be seen that when the price of Bitcoin goes down, the price of gold increases slightly because Bitcoin is sold, then many people invest in gold. But gold is a thing that does not go down much even if its price increases a lot. So many people invest in gold for a secure investment. So the movement of gold and bitcoin markets may have some effect on the other but not much effect.

[YOSHIE]

is gold becoming a director of bitcoin market movement? The market signals are beginning to pattern things in that format and suggestions are that the gold market would in the future be a signal for investors  sentiment.

No, gold and Bitcoin are two different assets, precious metals and digital currencies, the influence of the Bitcoin market and the gold market has a great influence on the investor's economy, where there are several things that are possible.
1. Investors choose gold investment
2. Investors choose Bitcoin investment.

These two factors are likely to determine Bitcoin and gold market movements, not one hand.

You have to understand, crypto market movements are greatly influenced by adoption or large numbers of buyers, this has been recognized internationally, meaning that gold is a different problem and Bitcoin is a different problem, you have to really separate these two things.

[Richbased]

There have being several articles comparing Bitcoin and gold and to some extent I think they have both being doing great numbers in the past and in recent times and one should not be used to determine the price movement of the other as the are both distinct asset with different structures and relevance.

Gold have being long in the business before Bitcoin and has being doing great as a store of wealth but with Bitcoin cryptography, I think it could outperform gold if given more time in the future.

Gold has been in the market long before bitcoin was introduced but looking at the growth and price performance of bitcoin, it is clear that bitcoin will surely surpass gold is the future. I don't argue that gold is not a super asset but we should look at both in the long term cycle because that is where bitcoin becomes a better asset than gold. However, i acknowledge that both gold and bitcoin are assets worth investing on.
 

I'm looking forward to seeing Bitcoin uplift many from poverty and improving economic standards in the country.

Sure, bitcoin can elevate people from poverty and can also rekindle a country's economic situation but is it just by mere spoken words? are they buying bitcoins? are you also buying bitcoins? it's not about cheering when the price is soaring but by making sure we own a portfolio in bitcoins as that is what will determine if poverty will be eliminated from the lives of people through bitcoin. When more people buy bitcoins, the chances of eradicating poverty in the future becomes achievable.

[Mehmet69]

I saw this on the net and thought of bringing it here to be discussed, is gold becoming a director of bitcoin market movement? The market signals are beginning to pattern things in that format and suggestions are that the gold market would in the future be a signal for investors  sentiment.

Bitcoin and gold are two different things, ruling different sectors. Bitcoin is a digital asset, it is very easy to carry. It is always with us. One of the best options for investment is Bitcoin. Because it is possible to invest in the DCA method.

If we want to protect ourselves from the inflation of fiat currency, we have to invest. Gold is a suitable product for investment. But the price of gold increases very slowly. It takes a lot of time to get profit if you invest in it. But still gold is a good option for investment.

Both Bitcoin and gold are good for investment. But since I prefer the digital investment system more, I prefer Bitcoin over Bitcoin.