Post
Topic
Board Bitcoin Discussion
Re: Bitcoin moves like Gold?
by
hushpupppy
on 22/04/2020, 08:27:10 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 want to disagree with you; if you check charts and perhaps percentages , i bet you will disagree that bitcoin moves like gold.

When bitcoin went down to $3000+ from $7000+
Gold went from $51 to $48 (i get my gold price deductions from digital gold token (a gold backed stable coin)]

How do you compare such loss?