Quote from: cafucafucafu on July 17, 2017, 03:26:54 AM

Quote from: albibu on July 16, 2017, 08:04:20 PM

Hi folks,

I'm new posting here but old investor. I was wondering if there's a direct correlation between bitcoin price and www.bitcoin.com and Gold price www.goldprice.com .
If you look at the charts in evident that gold started to drop when bitcoin did or vice versa? Is there any systematic correlation?
Thanks in advance

Hmm, the graphs definitely look pretty similar but I can't think of any reasons why they might be related. They are 2 different types of investments with probably different markets as well. Maybe think of this in a practical sense and it will be easier to explain. Bitcoin is a fairly new cryptocurrency that has a new market, is decentralized and also can be used to make purchases online. While gold is a rare metal, that is used for fashion and also one of the oldest investment options out there, it is super stable and is on a steady climb up, while bitcoin just feel around 1000 USD in the span of one week. Both investment options, but they are still totally different things, and probably have no relation to each other.

Yep but it's been days and still behaving same way, kinda weird to say the least