Post
Topic
Board Bitcoin Discussion
Re: Bitcoin moves like Gold?
by
LogitechMouse
on 01/02/2020, 09:11:01 UTC
According to the recent price chart, Bitcoin's move has been very similar to Gold's move.
The price of both of the investments moved likely the same just because of the events that happened since the start of the year. I remember when the US-Iran war happened, the price of these 2 moved up while the other investments went down.


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.
Again, it is just a coincidence that these 2 went the same way after the Trump's speech. Remember that when the fight between the 2 happened, the price of both of them increased. Now that it has ended, Bitcoin and Gold must do the same way to - to make a price correction.

But is this still enough to say that Bitcoin moves like Gold?
There are no 2 investments that moves like the same since the price is based on the technicals and fundamentals. These 2 just reacted the same with the news and that's it.