Topic: Can the hike in price of crude oil can effect cryptocurrency market? - page 2. (Read 234 times)
May 12, 2018, 11:21:20 PM
I think that everything in this world is connected. And the crypto currency, even though it does not directly depend on oil, but it will turn off the market, from its mood. Only how much is connected we will see later.
May 12, 2018, 10:17:39 PM
Definitely not! Crude oil is not related to cryptocurrencies. No matter what happens to it, it will never affect the crypto market unless it all the transactions related to it will be based on blockchain but for now, it will not affect the market.
May 12, 2018, 10:06:34 PM
I think that the rise in oil prices will not have an impact on the rise in bitcoin prices, because I think it does not have much to do.
May 12, 2018, 10:04:58 PM
That's a good question. We don't know how bitcoin will perform during a recession in the U.S. or globally, which is likely to come soon, likely with rising oil prices to boot. I think a recession may depress the price, but if inflation really picks up, it could be reflected in higher prices for bitcoin, as people move away from fiat currencies.
May 12, 2018, 09:59:58 PM
Can the hike in price of crude oil effect cryptocurrency market?As such hike also has bad impact on share market.
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