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So bitcoin goes up when stocks go up
but gold goes down when stocks go up. Gold behavior makes sense, people goto gold in times of volatility. Bitcoin while I am glad it's been going up, seems more non rational, I bought $2000 in a bitcoin etf a month ago as a hedge, a gold alternative if you will, it's done well, but why it goes up or down can't be easily explained. submitted by /u/IndependentGiraffe8 [link] [comments]
but gold goes down when stocks go up.
Gold behavior makes sense, people goto gold in times of volatility.
Bitcoin while I am glad it's been going up, seems more non rational, I bought $2000 in a bitcoin etf a month ago as a hedge, a gold alternative if you will, it's done well, but why it goes up or down can't be easily explained.
[link] [comments]
