As gold isn't going down. I suppose if the rotation from gold to bitcoin was precisely balanced by the influx into both bitcoin and gold from fiat, you would see no net effect in price. You should observe abnormally large trading volumes in gold though. I haven't looked at any trading volume charts - but (this is lazy of me), I'm guessing I would have heard about it if it was the case.
Bitcoin crash, page-19
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$17.51 |
Change
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Mkt cap ! $18.16B | |||
| Open | High | Low | Value | Volume |
| $17.48 | $17.55 | $17.28 | $26.79M | 1.534M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2751 | $17.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.52 | 36039 | 6 |
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