Topic: BTC and Stock vs Oil price - page 3. (Read 692 times)

I do understand your opinion because the last time I've seen the stock markets got a dump, bitcoin and alts was affected that's why I can consider what you have said.

But this time, as for oil and bitcoin, the direct assault and affection haven't been seen by me that's why I've said that opinion. There were times that there's like a domino effect for bitcoin and stocks.

The only vehicles that is being use now is either under government plates or companies doing work for government to aid its people. Airlines obviously shut their operation, cruise ships docked at their last pier and land trasportation has been stopped so there would be no high usage of oil that's why the negative price happened a few days ago.

I knew it from the start, there will be a huge impact for the oil price, the price of oil now is what as it is when the local suppliers got their stock so there will be no changes at all. Oil has nothing to do with bitcoin, I don't see any price reflection of oil to bitcoin.

BTC is not connected to oil directly but big crush at stock market may cause big crash at crypto market

Oil price has fallen to a negative , and we all know that it is because of the Coronavirus pandemic. A lot of things has been stopped. The government placed a travel ban and has stopped people from moving from place to place to avoid the spread of the Coronavirus.

This has affected oil price seriously to the extent that sellers now have to be paying the buyers to take the oil out from them. But as for whether this is going to be affecting Bitcoin? I don’t really think so. I have once asked myself this question that you’re asking now, and it led me to do some research which I did to understand if it’s going to happen. According to an article I read on Cryptopotato.com, it’s not likely to happen.

some could be investing on both but some arent  .  those who invest both can do what your saying   .

i see many people talking about the price of oil lately and they are planning to invest on it but take note these people dont invest on oil before but these people are involved on cryptocurrency so yeah you could be right again   .  btc/cryptos and oil dont have direct relation but they have an indirect impact to each other if one of them crash or pump   .

Not really. The S&P 500 is only down 2.7% for the week. The energy sector is given very little weight in the S&P 500 due its poor performance in recent years. It only represents 2.77% of the equity market. https://eresearch.fidelity.com/eresearch/markets_sectors/sectors/si_weighting_recommendations.jhtml?tab=sirecommendations

What I'm more concerned about is WTI crude staying below $30 (or even $20) a barrel for a prolonged period of time. That will crush any hope of profitability in the US shale sector and will push many firms into bankruptcy. That could mean big losses in the high yield bond market, which would spill over into the financial sector. If we continue seeing economy-wide losses quarter over quarter, loan and bond defaults will cause those economic losses to start translating into losses on bank balance sheets.

Banks are weighted 4x heavier in the equity market than the energy sector, so when they start losing it'll be reflected much more clearly in stock indices. More importantly, if we do start seeing major bank failures down the line like 2008, liquidity will quickly dry up as the banking system stops lending to conserve cash. When banks stop lending, the liquidity underlying the cash flow of the brick-and-mortar economy will dry up too. That's the Fed's worst nightmare.


Stocks and BTC are tightly correlated right now. Oil, not so much. When the stock market is finally done relief rallying, I expect BTC to fall too.

Oil is mostly interesting because it's reflective of global economic activity. What happens in the oil market is important, but it will rarely be felt in the equity markets immediately.

At first my thought ws, that people who have a lot of funds invested in oilmarket also have a lot of investments in cryptocurrency. When oil price began to go down, they pulled the money from cryptocurrency to save oil price from falling deeper. That is why there was a half day/ one day gap between price drops of oil and bitcoin.

What do you think about that? Does my idea "have right to live" or it is just rubbish?

People are really fan of connecting things and its not actually a surprising thing yet this had been always a topic for years or since the crypto market had began where there are people who
do always speak or do correlate crypto market with traditional forex/stocks etc.

I do believe or agree on what you have said that all markets been stomped by this current pandemic which is not really that surprising yet we know on how it heavily affected the entire world.

For now we cant do anything but to hope that this would be over so that it would be normalize once again.Btc price might not be affected that much but we are talking long term aspect on here.

LOL. It dont even influence heating oil prices in Europe. I checked price yesteryear and is 2 cents lower as it was a week ago.  That negative price was of Oil in Oklahoma and you needed to pick that oil in one day time. There were simply not enough people to do it. So they paid them to do it.  Hopefully heating oil prices will decrease in next few years in Europe.

In all that you have listed, I think that stock will be the most affected between bitcoin and stock I mean here. The stock is cash base while bitcoin is digital. You can comfortably trade or buy bitcoin from home which is the routine thing but for stock, I don't think it is totally linked with online. Anyway, my view is that stock will suffer more than bitcoin. Bitcoin price is already increasing.

Stock prices and bitcoin prices are a bit related because they are both (unfortunately) related to people wanting to make more money. You are not going to be part of apple and somehow get a free iphone just because you own a lot of apple stocks, you can have a billion dollars worth of apple stock and nobody is giving you free iphone for it, which means you are only doing it for the profits and nothing else.

Oil is not like that, oil is actually bought and sold for usage, you buy oil so you can do something with it, and right now there is not a lot of companies who uses oil actually buys it since a lot of them are closed due to corona virus. So I would say bitcoin and stock prices are somehow related but oil is totally different than both of them and changes are irrelevant.

I do not share this opinion because I can't believe one currency can exist separately from another.
We have one big world economy which incudes stocks, oil, cryptos and fiat.
One changes and it will influence other ones for sure.

All markets are being stomped by this pandemic but I don't think that there's correlation for bitcoin and oil markets. They are separate markets. The latest news about oil was that it plunged to negative.

Yet, we see bitcoin stable to $6,900 - $7,000.

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.

Cryptocurrency market seems not to be affected by the crisis in the oil market.
The stock market is directly affected as oil is traded in those markets as a commodity, something that doesn't happen in the cryptocurrency market.

Bitcoin is not owned by any government or company nor by any individual as well so it has less chance of getting affected by oil price war and crisis. Only governments which produce oil barrels and companies who invested on those countries will get affected a lot.

1.The same question has been asked a few days ago in another thread.Comment there instead of creating new forum posts about old questions.
2.Anyway,to answer your question:Are you currently tracking the current BTC and oil prices?If yes,then your question is pointless.The BTC price isn't moving anywhere,there's no impact from the lowest oil price in the past 20 years.There's no connection between those markets and there never will be.
For some reason,the current situation around the Oil markets is a trending topic here,but we,after all,are a cryptcurrency forum,not a forum about oil production and oil markets.

These are both huge in stock market that's why I think they are somehow related to each other when it comes to affecting the price.  Bitcoin is very volatile and the market but other stocks are not that volatile but still there are changes in their price over time. Bitcoin are easily affected by a lot of factors such as demand, because we all know that demand can affect all of the stocks in the market. Other one is the volume of people in the market, how people manipulate it, and a pandemic like this.

Do you think that this pandemic affects the bitcoin price? In March, bitcoin really have a huge crash in its price and it is not easy to manipulate bitcoin that time because some of the holders are panic selling. It is too obvious that bitcoin can be affected by the events that we are experiencing right now. Market really have a hard time to recover from the damage in the economy brought by the virus. It is just the same on what's happening in the oil's price.

In fact, the price of BTC will move according to the stock market. Stock market is a signal that the cash flow of investors is moving strong or weak. If the market is green, it means that many investors are looking for opportunities and are willing to spend money, so Bitcoin will increase in accordance with the general trend of the stock market. As for oil prices, due to many days of social isolation around the world, the movement is not frequent. causing oil demand to plummet and storage to be nearly full. that's the main reason oil prices fell to negative levels.

This was a Q1 snapshot that we have recently done comparing BTC vs Gold vs S&P500 vs Oil
Since the oil plunge last few days, when we revise the graph things are going to look even more drastic