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Bitcoin and Gold
Kirkmain
Posts: 212 Forumite
unusual activity in the last week in that BOTH bitcoin and gold dropping in value. Anyne care to hazard a guess as to whats causing this? What should people be investing instead?
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Comments
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Do they always move in opposite directions? Are they negatively correlated? I don't think so
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What's unusual?
Gold is fluctuating as it normally does - its not particular volatile at the moment. BTC always has amplified ups and downs due to the nature of FOMO.0 -
What's unusual? Looks like they've had big runs up and now they've corrected a bit. Greater fool 'assets' are hard to value and will be particularly prone to this sort of thing.Kirkmain said:unusual activity in the last week in that BOTH bitcoin and gold dropping in value. Anyne care to hazard a guess as to whats causing this? What should people be investing instead?
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The UK Stockmarket is having a good time at the moment, perhaps people are selling both gold and btc to buy shares.The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.1
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do you mind sharing from software this is?wmb194 said:
What's unusual? Looks like they've had big runs up and now they've corrected a bit. Greater fool 'assets' are hard to value and will be particularly prone to this sort of thing.Kirkmain said:unusual activity in the last week in that BOTH bitcoin and gold dropping in value. Anyne care to hazard a guess as to whats causing this? What should people be investing instead?0 -
It’s TradingView. The screenshot is from a browser but it also has an app.Kirkmain said:
do you mind sharing from software this is?wmb194 said:
What's unusual? Looks like they've had big runs up and now they've corrected a bit. Greater fool 'assets' are hard to value and will be particularly prone to this sort of thing.Kirkmain said:unusual activity in the last week in that BOTH bitcoin and gold dropping in value. Anyne care to hazard a guess as to whats causing this? What should people be investing instead?
https://www.tradingview.com/
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