Topic: BTC and Stock vs Oil price - page 2. (Read 715 times)

Have you been watching the Bitcoin price? It was impacted earlier but the market has been recovering and going from one level to another. After the price fell to below $4,000, it quickly got back up to $5,000. The next thing it started circulating around the price of $5,000 and $6,000. Last week the price was stable at the price of $7,000 and today it moved to $8,900. So it’s growing and you don’t need to be told, it’s clear.

I bet people who quickly sold their coins out of fear would be regretting they ever sold, because the price is now going back up. And those that saw $3,000 and $4,000 as a good opportunity to buy will be happy with themselves that they bought Bitcoin.

I don’t know what kind of impact the halving will be having on Bitcoin. We are just a day into the month of May. Binance is showing a twelve days countdown to the Halving.

No. The oil price was depreciated due to global lockdown caused by the pandemic. These lockdown caused manufacturer who are using oil in their machines and car drivers to shutdown as well. Bitcoin is another kind of story.

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).

That's the advantage of Bitcoin from other investments. Despite the current crisis Bitcoin still show strong indicators that it can move opposite from stocks and oil prices. Another reason that will drive Bitcoins prices high is the high demand for digital cash which fits Bitcoin and altcoins characteristics.

I believe crypto will only win from this, because in my opinion this will increase the legitimacy for crypto investements compared to oil futures

Ten days later for halving make bitcoin look raise up and keep continue several days later to see bitcoin have higher price, I think bitcoin most valuable assets and become profitable if invest bitcoin right now, just one week later for bitcoin halving to give chance for us and see how much price of bitcoin and altcoin.

Of course it will affect the crypto market in part. Falling oil prices indicate that the heavy industry is facing a huge production and supply problem. demand is still very low and this will weaken the economy over time. Service industries are now pulling the economy up but in the future, will they have the strength? I think not. Although the stock market and crypto are recovering well, I believe in the future it will fall once more. Be careful when trading during this period.

For millions of Americans the very bad times already came in, if you are a person who have a solid job you will probably be fine, however people are at the bottom, people who make under 60k per year are getting screwed every single year.

There are over ten million people who are out of job, there has been over a million people who got infected and couldn't even work even if they had a job, there are probably a lot more people who had unpaid leave so they didn't lose their job but didn't get any money and if you look at the longer term everything gets more expensive whereas the salaries are standing pretty still. Unless some progressive comes in and changes something like Bernie Sanders could (there was Ron Paul from republicans so it is not a partisan thing) this will not be solved.

the fall of oil prices does not seem to affect the price of Bitcoin, instead it is an advantage for Bitcoin, look at the day when the price of oil fell, what happened to Bitcoin actually increased to $ 7800  

No i dont think it will, the recent major dump in BTC has shaken off weak investors and newbie traders. The price between stock and oil is not correlated to BTC anymore and reversal in Cryptocurrency market has begun when it broke key resistance. I think many people are migrating to BTC because they need a safe haven.

Guys, It seems to me that the cryptocurrency market will only benefit from this situation, which arises from the coronavirus pandemic.  For example, most citizens of the United States of America put all their savings into securities, including oil.  If at the beginning of the water under the presidency of Donald Trump, citizens' incomes were at the level of 2% per annum, then today income has decreased by tens and hundreds of times to almost minimal sizes.  if the problems due to coronavirus are exacerbated, then for every US citizen very bad times will come.  People will look for alternative sources of profit, and cryptocurrency is a very profitable asset for investment.  And this is the situation all over the world, and not just in the USA.  The fact is that the demand for oil is also falling today, as people will take more care of alternative energy sources, as O. will think more about their future and their health, which means they will pay more attention to problems that harm the environment.  Of course, oil fell primarily due to the lack of agreement between the guardian countries and Russia, but nevertheless, the current trend in the market should have manifested itself for a long time.  Thus, if we consider the situation through the prism of the prospects of the cryptocurrency market, then Bitcoin, in my opinion, may become more popular due to the economic crisis and the coronavirus pandemic.

Oil is down 80% this year. In comparison, the S&P 500 is down 15-16% from its ATH.

What worries me is the oil market reflects actual global economic activity. If oil demand is this low, it suggests the global economy is really crashing. The stock market meanwhile is completely speculative, running off optimism that an imminent economic reopening will reverse all the economic damage from the past 2 months, and life will just go back to normal.

I think stock investors have their head in the clouds. Businesses can't just shut down for months and reopen as if nothing happened. The bailout loans are going to leave many companies up to their eyeballs in debt. Consumers are also losing confidence and are making much less money now. I don't expect job numbers to return to January 2020 levels for a long time. A lot of these "temporary" furloughs will become permanent job losses when businesses realize economic demand has plummeted.

Do I think stocks will keep grinding upwards for a while longer? Yes, but I also think this relief rally will end in tears.

BTC and stock markets are not connected, but big oil companies are part of stock market! Now we see how strong the stock market is, what happens with oil can happen with anything else, the stock market can fall not to zero, it can go in minus! And now I would like to see some explanation of how the stock market is safer than the crypto market? Who is that person that can convince me in that now after what we saw in the last months? And I would like to get worse for them, only like that they will realize what crypto is and how safer it is, and they will join with their tails down.

I do not think that oil price will have an impact on BTC price. Because the price of oil decreased due to the significant reduction in transportation, countries have ordered to restrict the movement of people due to COVID-19. This led to a serious drop in oil prices. In addition, there are 15 days until the Halving BTC day, I think the value of BTC will increase sharply because the difficulty of mining  a BTC will be more difficult.

Bitcoin seems ok right now because of the pump on its price, and as we can see the oil price is recovered a little bit but still the market recession is coming. Bitcoin will prove itself to be a good safe haven same as gold then we have to wait for that, stocks and oil moves the same but bitcoin should be on a different trend.

Yes rather than no.
BTC is very much dependent on real people who live in an ordinary world where there is a global stock market - of which cryptocurrencies are dependent, whether we want it or not.
And when the main indicator (a bright example - oil) begin to sharply drop, entire market in general will drop too. Including the cryptocurrency market, because in the first place there are traders who like news trading

I'm not so sure about your initial premise, that this sharp drop in oil prices has had an independent effect on the stock market.  I don't really follow what the major indexes are doing (like the Dow, S&P 500, etc.) but the big pharmaceutical stocks I do follow have been doing pretty well, and I don't think stocks have gotten hit anywhere near as hard as oil has.

It's not the stock or oil markets which are going to affect bitcoin.  It's the underlying factors that affect all markets, i.e, the effects of the COVID-19 outbreak and society's reaction to it.  Bitcoin has done much better than I initially thought it would, though there's no telling whether that's going to hold.  If society starts reopening businesses and people start getting back to work, that ought to help oil, stocks, and probably bitcoin as well.

If it weren't for the The Fed stepping in to stimulate the US economy with trillions of dollars of quantitative easing and rate cuts and buying of corporate debts then the stock market would suffer the same fate.
As for Bitcoin i dont think the price is correlated with the stock anymore because it already had a huge dump shaking off Institutional, stock and weak investors. I think the people who invested in Bitcoin are the ones who believes that it's a hedge for a massive financial crisis.

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We are not sure about this, but so far the Bitcoin price has not been affected in any way. The price increased to $7,500 and since yesterday it has remained stable at that rate and has not made any other big move yet, but remained at the same price rate. Maybe the oil price affected Bitcoin earlier this year when the price dropped, but right now it is not affecting Bitcoin and I don’t think it will again. I am not sure even sure if it has affected Bitcoin in any way at all.

I only believed that Coronavirus affected the price of Bitcoin and not oil price, but some have claimed that oil price was part of what led to the fall in price. And some also claimed that the PlusToken scam was also part of it. Right now the price is on growth, and it’s likely to keep growing.