Post
Topic
Board Bitcoin Discussion
Re: Bitcoin moves like Gold?
by
HarmonyA
on 31/01/2020, 23:19:28 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?

Bitcoin, pitched as "advanced gold" shares a considerable lot of indistinguishable qualities from the golden shaded past metal, however surpasses its advantages by coming up short on a physical impression requiring capacity. Bitcoin, as well, requires vault-like stockpiling to shield it from criminals, however it just ever takes up information.

Since the two offer such a large number of similar likenesses and advantages, it's not very astounding that the two resource types regularly show relationship in value developments.