Bitcoin

[IdahoElk]

You don't understand Bitcoin and your going to stay far away from it. Got it.

Can you explain why it went down over $3k today?

 

[2531usmc]

It does seem as if BTC dumps when gold pops. Gold up 3.8% today. Both are considered a store of value but move in opposite directions.

Any idea why or just random market moves?

 

[MountainTracker]

Can you explain why it went down over $3k today?

CME gap needed to be filled.


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[MountainTracker]

It does seem as if BTC dumps when gold pops. Gold up 3.8% today. Both are considered a store of value but move in opposite directions.

Any idea why or just random market moves?

Still considered risk on for most. You are correct though in most cases they move opposite of each other. Rotation of funds from one asset to another.


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[KsRancher]

Still considered risk on for most. You are correct though in most cases they move opposite of each other. Rotation of funds from one asset to another.


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If that is the case it appears it will be a rough road ahead for BTC.