Topic: BTC and Stock vs Oil price (Read 647 times)
I would like to say the bitcoin price day by day increase so if you even though there are no trading sessions that account for more or less volume, there are certain parameters to take into account before buying cryptocurrency. According to multiple analyses on average daily bitcoin prices, Sunday and Monday are the best days to buy BTC.
it depens on investor , and investor about that two are different i guess , so oil price will not affect bitcoin but covid - 19 will, i belive
Investors want the best returns for their money during any situation. And for those they even exit from one country and invest another even if they get 0.5% better rate. So, I think there would be investors who at this point may have or would be thinking to change their strategy and exit the oil and invest in crypto or some other investment.
In our daily life, everything is connected with each other. So, btc may be affected with stock and other things. But the demand of value btc is still going on until the human death.
Investor for all of them could always be very different people and could be the same people as well, it is not really all that interesting. Some people like to put their money into different stuff, so those people put their money into stocks, into bonds, into oil, into gold, into bitcoin and many other things because they like to diversify their portfolio and I totally respect that, or they could be simply just a bitcoin trader, or could be only stock investor as well.
Just because there are people who invest into both doesn't mean anything so does having people just invest into one thing doesn't mean anything as well. I personally feel like maybe we should not focus on who are the investors but check why do people invest into these things.
Just because there are people who invest into both doesn't mean anything so does having people just invest into one thing doesn't mean anything as well. I personally feel like maybe we should not focus on who are the investors but check why do people invest into these things.
Somehow this is becoming a reality, stocks and crypto goes down and same in oil prices. Then all of a sudden BTC gets a slight increase and same goes to oil price, but not literally with stocks. This is just my opinion, but as far as I can see, these are really related with each other.
In the past, I have noticed a correlation between the stock market performance and the BTC exchange rates. But I don't think that there is any relation between oil prices and the Bitcoin exchange rate. I have checked the charts by overlaying these two, and I couldn't notice any such relation. But BTC exchange rates goes up whenever there is a spike in the stock market.
The stock market is impacted heavily due to the drop in oil prices. Do you all think it will impact the BTC prices as well?
Somehow this is becoming a reality, stocks and crypto goes down and same in oil prices. Then all of a sudden BTC gets a slight increase and same goes to oil price, but not literally with stocks. This is just my opinion, but as far as I can see, these are really related with each other.
it depens on investor , and investor about that two are different i guess , so oil price will not affect bitcoin but covid - 19 will, i belive
It's not affected bitcoin prics anyway, oil get dump because there are so many supply in the inventory make its has no price. Corona virus make people not using many oil as much as before because many country in lockdown situation.
Stock price get dump because they're not operating as before, the company not productive anymore, so its affected stock price as well. But bitcoin still alive whatever the situation happen.
Stock price get dump because they're not operating as before, the company not productive anymore, so its affected stock price as well. But bitcoin still alive whatever the situation happen.
At the time of composing the digital resource is endeavoring to re-enter the $6,900-$7,260 zone where the cost went through the final 18 days exchanging. Re-entering this zone would be a positive step forward as the day by day chart appears underneath the VPVR tall volume hub from $6,850-$6,600 Bitcoin is defenseless to a drop to the $6,485 back and underneath this $6,200.
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World oil prices have a negative and significant influence on the stock market.
Cheap oil benefits companies with cheaper energy costs. The oil company itself might not like it but the economy as a whole is gaining from this, in every market if the price is lower then you have winners and losers and it should never be all of one or the market is not likely valid.
Bitcoin is a energy user, normally its gaining from some kind of remote or special use energy and transmits that value (partly) via the token value. Both in the mining use directly but also cooling could be considered as part of the energy usage, of course there is the manufacturing of the technology but thats harder to state. The reason stocks drop at the same time as oil in this case is they are both in reference to the underlying reasons which is lower business demand in the economy, so costs of oil or energy might be lower but the production demand is lower. Bitcoin might not have lower demand in this way, we're not sure but its costs are reduced and the process is more efficient presently I think.
The stock market is impacted heavily due to the drop in oil prices. Do you all think it will impact the BTC prices as well?
Our focus now is on bitcoin halving, not on oil affecting bitcoin market price. I hardly see any connection, the crude oil is now very low but bitcoin can not be affected. The price may even increase as well as it moves towards halving against what analysts are predicting.
Take a look on oil price on March 12-14 and on bitcoin price on March 13-15. Dont you think these two price drops are connected? I will never believe that bitcoin's recent price drop happened by itself.
I'm not saying that bitcoin price primary relies on oil price, but these two sure are connected.
Any price drop of Bitcoin does not happen by itself because there are so many factors out there coming into play. If by itself you mean that it just drops for no external reason at all. Bitcoin is more than a hundred-billion market, and a public one, it does not just drop significantly without large players playing the game.
But I don't think it has something to do with the price of oil. I cannot see a connection. Why does Bitcoin's price fall when oil price falls? In what way should they be connected?
What I am pointing out is that I cannot see any relevant connection between Bitcoin's price and oil's price. It does not mean that since the price of Bitcoin was going down on the exact day when the price of oil hit the bottom, the former must be absorbing the impact of the latter. That does not make sense to me.
Of course, both markets are affected by the current crisis. I am not arguing against that. This is a global crisis that must have affected all the markets in one way or another. But I don't think Bitcoin will suffer the way oil suffered. Their markets are not that closely intertwined.
I think there is a small impact about bitcoin;s price because oil's price is also regulated in the market. They are both manipulated in the market and somehow their demand is related because they are both material in the economy. The crisis in oil's price will surely affect a lot of matter and I know that it is not the easy to manipulate some assets when you know that oil's nowadays aren't in demand. This virus really affects a lot of aspects or sectors, especially those who are in a agricultural and financial sectors. The government will surely not focus on the production of oil and the use of oil because they know that the supply is plenty compared to other necessities like foods, mask ,and etc that can be used to find the pandemic.
The stock market is impacted heavily due to the drop in oil prices. Do you all think it will impact the BTC prices as well?
Oil prices only have a partial impact in the current situation, it isn't the main cause heavily affecting the global stock market. Bitcoin won't be affected by the price of oil, the price displayed recently has proved that.The decrease in the oil price may give us a lower price in the commodities and will give us enough savings, therefore, we can invest more in bitcoin that will help the crypto market better and that is one positive effect of oil price to the crypto world. There might also be a negative impact, however, as of now the most important thing we need to be ready is the halving that will happen soon for most of us might get hurt on this and some may not be able to recover anymore.
I don't understand why the stock prices are getting affected by the drop in the oil prices. Apart from a few countries such as the GCC emirates, Nigeria and Russia, most of the other countries are importing crude oil from the oil producing cartels. So if the oil prices go down, it should actually benefit the economies of these nations (especially that of the United States).
This is because the price of oil is often used as a reference for leading export commodity prices as oil prices fall, so the prices of commodities such as palm oil and coal also fall. Crude oil prices do not always affect stock prices. But market expectations are often influenced by external sentiment, thus often overshadowing stock movements.
The decline in world oil prices has an impact on low selling prices. So, the company reviews operational expenses and impacts on slowing oil and gas activities. This also affects the performance of oil and gas service companies. World oil prices have a negative and significant influence on the stock market. Oil is a vital need for production and consumption, a fall in oil prices means that demand is reduced, meaning the economy is slowing which impacts performance and corporate profits show unfavorable results, investors will sell their shares. This will certainly affect the stock price.
The stock market is impacted heavily due to the drop in oil prices. Do you all think it will impact the BTC prices as well?
Oil prices only have a partial impact in the current situation, it isn't the main cause heavily affecting the global stock market. Bitcoin won't be affected by the price of oil, the price displayed recently has proved that. 
Oil prices does affect some stock prices, probably not all of them but does affect some of it, specially the oil companies are obviously affected, but probably car companies are affected as well, there must be some others who are in direct relation, like airlines for example. However stuff like a bakery chain for example, or mcdonalds, or coca cola, or stuff like that which has nothing to do with corona nor oil will be affected for the long term, only a short term because people can't go outside but that's about it.
I assume bitcoin is more like those stocks, that has nothing to do with neither oil nor lockdown, bitcoin is financial commodity right now and that doesn't change just because people are at home, even better for it really because more people are looking at it.
I assume bitcoin is more like those stocks, that has nothing to do with neither oil nor lockdown, bitcoin is financial commodity right now and that doesn't change just because people are at home, even better for it really because more people are looking at it.
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drop in oil prices. Do you all think it will impact the BTC prices as well?
In theory the oil price effects everything because most activities involve energy use. Reduce the cost of something by 90% and it should be a kind of natural stimulus if anything. Bitcoin is included in that as its very energy involved so far as I've read, it used to be years back and still is now I think.
As we saw earlier, the current pandemic has affected all markets. In the value of shares fell, oil, and cryptocurrencies. But Bitcoin has already returned to the price level it was at before the beginning of the pandemic. Most likely, this was influenced by the upcoming halving. Thus, despite the current economic crisis, each asset has its own price dynamics, which is determined not only by global economic events, but also depends on the individual roadmap and the demand for the asset in a specific time period.
Seriously we have peaked at over 8k now, (dropped slightly less) and its still going strong. One thing for sure we can definitely say that bitcoin prices have nothing to do with Oil prices. Oil goes up or down and bitcoin is irrelevant, same goes with bitcoin as well.
Right now oil prices haven't recovered at all, right now WTI is about 14 dollars which is still not bad at all considering it literally 10 dollars, but 14 is nowhere near recovered only y a week ago it was 18 and that was really bad, just this year it was over 60 dollars, SIXTY dollars! Right now it "recovered" from 10 to 14. So, as you can see oil prices continues to be horrible but bitcoin recovers like crazy, its getting close to peak of 2020, and WAAAY over the year to date price of it.
And don't forget that there's gonna be a halving and I am sure that after halving or during the halving the bitcoin price is going to go up like crazy! If you are gonna look at the price chart of bitcoin and search about the past halving you can see that every halving the price of bitcoin is going up! So if history repeat itself this time, then bitcoin will be fully recovered Right now oil prices haven't recovered at all, right now WTI is about 14 dollars which is still not bad at all considering it literally 10 dollars, but 14 is nowhere near recovered only y a week ago it was 18 and that was really bad, just this year it was over 60 dollars, SIXTY dollars! Right now it "recovered" from 10 to 14. So, as you can see oil prices continues to be horrible but bitcoin recovers like crazy, its getting close to peak of 2020, and WAAAY over the year to date price of it.
The stock market is impacted heavily due to the drop in oil prices. Do you all think it will impact the BTC prices as well?
crypto market is a relatively small part of whole economy (and of stock market in some way).So yeah it definitely will affect btc and other alts
Seriously we have peaked at over 8k now, (dropped slightly less) and its still going strong. One thing for sure we can definitely say that bitcoin prices have nothing to do with Oil prices. Oil goes up or down and bitcoin is irrelevant, same goes with bitcoin as well.
Right now oil prices haven't recovered at all, right now WTI is about 14 dollars which is still not bad at all considering it literally 10 dollars, but 14 is nowhere near recovered only y a week ago it was 18 and that was really bad, just this year it was over 60 dollars, SIXTY dollars! Right now it "recovered" from 10 to 14. So, as you can see oil prices continues to be horrible but bitcoin recovers like crazy, its getting close to peak of 2020, and WAAAY over the year to date price of it.
Right now oil prices haven't recovered at all, right now WTI is about 14 dollars which is still not bad at all considering it literally 10 dollars, but 14 is nowhere near recovered only y a week ago it was 18 and that was really bad, just this year it was over 60 dollars, SIXTY dollars! Right now it "recovered" from 10 to 14. So, as you can see oil prices continues to be horrible but bitcoin recovers like crazy, its getting close to peak of 2020, and WAAAY over the year to date price of it.
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