Post
Topic
Board Bitcoin Discussion
Re: Is there a relation between Bitcoinprice and Gold price?
by
amacar2
on 17/07/2017, 04:45:49 UTC
If you look at the charts in evident that gold started to drop when bitcoin did or vice versa? Is there any systematic correlation?
I don't think there is any significant relation between gold and bitcoin's price because they are completely different things and are not traded on same trading platform. You may find some pattern between bitcoin and other altcoin's price but gold or fiat market doesn't affect bitcoin's market.