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Author Topic: BTC-Commodity Trading Correlations?  (Read 1555 times)
MailGhost
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February 25, 2015, 10:52:00 PM
 #1

Can the price of oil or gold help formulate a trading strategy for BTC, or vice versa?
Welcoming thoughts, as it's an intriguing concept that I might work on more if anything of value can be derived from the correlations.

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February 25, 2015, 11:21:39 PM
 #2

Can the price of oil or gold help formulate a trading strategy for BTC, or vice versa?
Welcoming thoughts, as it's an intriguing concept that I might work on more if anything of value can be derived from the correlations.

Cheers!

At first thought i would say no, there seams to be little relation between oil/gold and bitcoin, to be honest i think oil/gold dont care about bitcoin.
It may have only one sided relation, when people are running away from fiat, they turn to alternatives, so its possible so see increase in both values of oil/gold and bitcoin.
But for them to have clear correlation, i doubt it, atleast not for now. maybe someone can proove otherwise ?

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February 25, 2015, 11:50:08 PM
 #3

Thanks for your comment.

I tend to agree about the 1-sided 'safe-haven' type relationship, at least right now, as you say..

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February 27, 2015, 02:16:38 AM
 #4

Bitcoin's inherent feature is currency alternative. However the trading volume of bitcoin everyday still cannot compare with the leading fiat such as USD, EUR, CNY etc. To some extent it has some correlation with fiat. They will probably have direct correlation in 2 - 3 years time.


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March 02, 2015, 04:06:18 AM
 #5

It would be fun to have a futures/options market for commodities priced in bitcoin. It seem it is possible to have one, without ever touching the real commodities, as long as you have a good index for liquidation.


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MailGhost
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March 05, 2015, 01:54:40 AM
 #6

It would be fun to have a futures/options market for commodities priced in bitcoin. It seem it is possible to have one, without ever touching the real commodities, as long as you have a good index for liquidation.


Interesting idea.. perhaps in the future.
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