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
BITCOIN eat GOLD.
No that's not correct bitcoin is totally different thing and Gold is something what always will value has because only a certain amount of gold exists in the world.
Bitcoin has also limited supply, you know that right. Bitcoin is not something has unlimited supply. So they are very similar to each other for their amounts and value. They're unique, not abundant.
Okay but bitcoin is virtual money and he can never be in your hand but gold is in physical form and gold is also natural gift. I think that is something what we need appreciate.