Post
Topic
Board Bitcoin Discussion
Re: Bitcoin moves like Gold?
by
garyrowe
on 21/01/2020, 06:30:53 UTC



According to the recent price chart, Bitcoin's move has been very similar to Gold's move.

Recently, after Trump delivered speech, the price of Bitcoin and Gold both went down.

And there were other cases that Bitcoin's move follows after Gold's move.


But is this still enough to say that Bitcoin moves like Gold?
I think the bitcoin market and that of Gold are two separate markets which are different in several ways including their market centiments. Price movement of Bitcoin is very much different from that of Gold. Your observation in their movement recently might have come as a coincidence but that shouldn't be enough to conclude that both market follows the same pattern.