Post
Topic
Board Trading Discussion
Re: Are there any relationship between Gold and Bitcoin ?
by
kapalmabur
on 24/08/2021, 16:18:55 UTC
Bitcoin and gold to deference currency. I think don't have any connection in there. If you follow bitcoin price chart you saw that bitcoin price all time increase and decrease but gold price can not increase and decrease in same way.
So i think don't have any relationship between Gold and bitcoin.
I disagree with you, all cryptocurrency is related to each other but the bitcoin is most demand crypto. There are several crypto currency that can be use to exchange in local currency, my point is the other crypto like gold need to trade on other currency like bitcoin before local currency that will become fiat. Indeed, if they trade both, the stock of bitcoin will decrease and the value will increase and the stock of gold will increase so the value will decrease.

So I want you to make an analysis about last week. If you carefully analyze it you can see that starting from Monday Gold was selling and Bitcoin started to pump. This is one example for my point.
Gold sells better it has nothing to do with bitcoin is decentralized but is able to change if the government wants it for gold comparing bitcoin digital currency to gold will not have any effect on the price of bitcoin. Maybe the use of bitcoin is increasing in the market for which its price is increasing bitcoin has more opportunities than gold.
It seems so that neither gold and bitcoin have anything to do,
and if speaking both for me it is a promising investment regardless of whether it has a big risk or not,
indeed the more we come here we can see that more and more people are getting into cryptocurrency