Bitcoin and Gold

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Kirkmain
Kirkmain Posts: 212 Forumite
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in Savings & investments
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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  • ColdIron
    ColdIron Posts: 9,153 Forumite
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    Do they always move in opposite directions? Are they negatively correlated? I don't think so
  • Kirkmain
    Kirkmain Posts: 212 Forumite
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    ColdIron said:
    Do they always move in opposite directions? Are they negatively correlated? I don't think so
    I thought they generally were negatively correlated
  • MeteredOut
    MeteredOut Posts: 1,471 Forumite
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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.
  • wmb194
    wmb194 Posts: 3,392 Forumite
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    edited 30 April at 4:52PM
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    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?
    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.


  • tacpot12
    tacpot12 Posts: 8,045 Forumite
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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.
  • Kirkmain
    Kirkmain Posts: 212 Forumite
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    wmb194 said:
    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?
    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.


    do you mind sharing from software this is?
  • wmb194
    wmb194 Posts: 3,392 Forumite
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    Kirkmain said:
    wmb194 said:
    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?
    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.


    do you mind sharing from software this is?
    It’s TradingView. The screenshot is from a browser but it also has an app.

    https://www.tradingview.com/
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