BTC and Stock vs Oil price - page 4.

michellee

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I only think about the investor of stock and oil cash out their money, and they try to invest in bitcoin Grin

If the investor invests in bitcoin, then that can give a boost for bitcoin price to increase, although I don't know what is happening. But if that really happens, then that could help bitcoin to rise even is not significant. But we cannot deny if bitcoin got impact from what is happens in the real-life market when people afraid to see what is happening now, they are trying to search for another investment.

Kemarit

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Quote from: Malvika_sitlani on April 22, 2020, 05:54:19 AM

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?

No, I don't think that there are connections whatsoever. Very different set of investors, and I'm sure crude oil investors are very old and traditional like Warren Buffett mind-set. Just sad to see that crude has been impacted by the pandemic, even plunging into negative numbers (theoretically). But we have to face the consequences of it. Or at least those investors or the market itself will have to re-adjust. One thing we have noticed about crypto market is that it is on a swing, very volatile that's why the impact is not that obviously. Of course we went into $3800, but we have bounce back already.

lepbagong

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Quote from: Wenbing on April 22, 2020, 10:17:24 AM

My point is plain.
Btc, stock and oil are all measure of value and tools in the hands of investors.

An investors in crude oil who also invest in bitcoin will be affected this time if he has investment in crude oil. This will lead to less demand for bitcoin from him.

So, everything of value is interconnected in various degrees someway.

epedemic corona which requires silence at home so that oil consumption is reduced and production continues. so the stock is quite a lot resulting in world oil prices plummeted.
but it does not show a correlation between the drop in world oil prices and bitcoin because of the difference, that world oil payments use US $ and there is no direct impact with bitcoin. bitcoin has a different way of applying that there is no payment for world oil transactions using bitcoin.

Do investors who use bitcoin also play in world oil purchases? can not be ascertained and still have to explore more.

Darker45

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Quote from: bakasabo on April 22, 2020, 03:51:22 PM

Quote from: Charles-Tim on April 22, 2020, 01:31:38 PM

Quote from: Malvika_sitlani on April 22, 2020, 05:54:19 AM

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?

bakasabo

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Quote from: Charles-Tim on April 22, 2020, 01:31:38 PM

Quote from: Malvika_sitlani on April 22, 2020, 05:54:19 AM

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.

Charles-Tim

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Quote from: Malvika_sitlani on April 22, 2020, 05:54:19 AM

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.

Wenbing

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There is gold in volatility..

My point is plain.
Btc, stock and oil are all measure of value and tools in the hands of investors.

An investors in crude oil who also invest in bitcoin will be affected this time if he has investment in crude oil. This will lead to less demand for bitcoin from him.

So, everything of value is interconnected in various degrees someway.

Helena Yu

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Does we should have similar question? https://bitcointalksearch.org/topic/can-bitcoin-become-negative-in-value-5242499 or https://bitcointalksearch.org/topic/opinion-oilprice-drop-bitcoin-up-5242520 or https://bitcointalksearch.org/topic/bitcoin-and-crude-oil-5242239

Malvika_sitlani

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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?

Topic: BTC and Stock vs Oil price - page 4. (Read 692 times)