Dollar coming to an end - page 13. | Bitcointalksearch.org

picolo

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Quote from: scarsbergholden on December 25, 2014, 07:21:19 AM

Quote from: picolo on December 24, 2014, 06:31:42 AM

Correct but assets that are used for different purposes can be somewhat related. Oil and Bitcoin are two scare resources with increasing demand and a supply that goes up only slowly

Just because two assets have similar supply characteristics does not mean that their price is going to be correlated. The demand dynamics for both bitcoin and oil are very different as their uses are very different.

It is also much easier to manipulate the supply (and price) of oil via cartels then it is for bitcoin

I agree that it remains to be seen if they will be correlated, I was just saying that maybe they will.

The supply of Bitcoin is much more clear than for oil but as for the manipulation of the price both can be manipulated.

scarsbergholden

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Quote from: picolo on December 24, 2014, 06:31:42 AM

Correct but assets that are used for different purposes can be somewhat related. Oil and Bitcoin are two scare resources with increasing demand and a supply that goes up only slowly

Just because two assets have similar supply characteristics does not mean that their price is going to be correlated. The demand dynamics for both bitcoin and oil are very different as their uses are very different.

It is also much easier to manipulate the supply (and price) of oil via cartels then it is for bitcoin

picolo

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Quote from: exoton on December 20, 2014, 12:47:47 PM

Quote from: picolo on December 20, 2014, 10:17:09 AM

Quote from: exoton on December 20, 2014, 07:04:47 AM

Quote from: picolo on December 16, 2014, 03:27:19 AM

Quote from: worle1bm on December 16, 2014, 01:56:49 AM

Quote from: picolo on December 16, 2014, 01:50:15 AM

The Dollar, the Euro and the Yen are losing value, more people understand that they need a global currency that they can trust, maybe Gold or Bitcoin?

Hahahahaha

Dude. What was the price of Bitcoin January 1st, and what is it today? Are you blind?

About 800$ on January 1st and 340$ now, nothing to worry about! It was about 14$ on January 1st 2013.

Oil was as high as 107$ a barrel (for wti) this year and is now 55$, oil is not doomed Grin

Supply/Demand...

The only real reason why these two numbers are correlating is because there is less money generally flowing into speculative investments as the fed has stopped pouring massive amounts of money into the economy via QE. The prices of bitcoin and oil are not related over the long term

We have to wait to see if they are correlated or not. Oil and Bitcoin are two scare commodities.

There is no reason for them to be correlated. They are used for two very different purposes. You cannot use bitcoin to directly power your car/train/plane just like you cannot use oil to send money around the world or to pay for things

Correct but assets that are used for different purposes can be somewhat related. Oil and Bitcoin are two scare resources with increasing demand and a supply that goes up only slowly

botany

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Quote from: arieq on December 23, 2014, 07:27:17 AM

Quote from: yrask on December 20, 2014, 02:08:05 PM

I consider that from now, Dollar will become, (naturally in very slow way) only paper to clean something.. Because FED printing huge quantity of dollar and its value now dropping..

usd = pieces of printed paper backed by military that will nuke oil-countries that don't want to accept it for oil.

These pieces of printed paper also have to be given to the government as taxes.
So there is a large economy willing to work for these pieces of paper.

arieq

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Quote from: yrask on December 20, 2014, 02:08:05 PM

I consider that from now, Dollar will become, (naturally in very slow way) only paper to clean something.. Because FED printing huge quantity of dollar and its value now dropping..

usd = pieces of printed paper backed by military that will nuke oil-countries that don't want to accept it for oil.

Wekkel

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yes

Quote from: molecular on December 20, 2014, 03:42:18 PM

Quote from: picolo on December 20, 2014, 10:17:09 AM

Oil and Bitcoin are two scare commodities.

oooooh! aaaaah!

*runs away in fear*

We know, life is hard...

molecular

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Quote from: picolo on December 20, 2014, 10:17:09 AM

Oil and Bitcoin are two scare commodities.

oooooh! aaaaah!

*runs away in fear*

yrask

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I consider that from now, Dollar will become, (naturally in very slow way) only paper to clean something.. Because FED printing huge quantity of dollar and its value now dropping..

exoton

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Quote from: picolo on December 20, 2014, 10:17:09 AM

Quote from: exoton on December 20, 2014, 07:04:47 AM

Quote from: picolo on December 16, 2014, 03:27:19 AM

Quote from: worle1bm on December 16, 2014, 01:56:49 AM

Quote from: picolo on December 16, 2014, 01:50:15 AM

The Dollar, the Euro and the Yen are losing value, more people understand that they need a global currency that they can trust, maybe Gold or Bitcoin?

Hahahahaha

Dude. What was the price of Bitcoin January 1st, and what is it today? Are you blind?

About 800$ on January 1st and 340$ now, nothing to worry about! It was about 14$ on January 1st 2013.

Oil was as high as 107$ a barrel (for wti) this year and is now 55$, oil is not doomed Grin

Supply/Demand...

The only real reason why these two numbers are correlating is because there is less money generally flowing into speculative investments as the fed has stopped pouring massive amounts of money into the economy via QE. The prices of bitcoin and oil are not related over the long term

We have to wait to see if they are correlated or not. Oil and Bitcoin are two scare commodities.

There is no reason for them to be correlated. They are used for two very different purposes. You cannot use bitcoin to directly power your car/train/plane just like you cannot use oil to send money around the world or to pay for things

picolo

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Quote from: exoton on December 20, 2014, 07:04:47 AM

Quote from: picolo on December 16, 2014, 03:27:19 AM

Quote from: worle1bm on December 16, 2014, 01:56:49 AM

Quote from: picolo on December 16, 2014, 01:50:15 AM

The Dollar, the Euro and the Yen are losing value, more people understand that they need a global currency that they can trust, maybe Gold or Bitcoin?

Hahahahaha

Dude. What was the price of Bitcoin January 1st, and what is it today? Are you blind?

About 800$ on January 1st and 340$ now, nothing to worry about! It was about 14$ on January 1st 2013.

Oil was as high as 107$ a barrel (for wti) this year and is now 55$, oil is not doomed Grin

Supply/Demand...

The only real reason why these two numbers are correlating is because there is less money generally flowing into speculative investments as the fed has stopped pouring massive amounts of money into the economy via QE. The prices of bitcoin and oil are not related over the long term

We have to wait to see if they are correlated or not. Oil and Bitcoin are two scare commodities.

exoton

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Activity: 350

Merit: 250

Quote from: picolo on December 16, 2014, 03:27:19 AM

Quote from: worle1bm on December 16, 2014, 01:56:49 AM

Quote from: picolo on December 16, 2014, 01:50:15 AM

The Dollar, the Euro and the Yen are losing value, more people understand that they need a global currency that they can trust, maybe Gold or Bitcoin?

Hahahahaha

Dude. What was the price of Bitcoin January 1st, and what is it today? Are you blind?

About 800$ on January 1st and 340$ now, nothing to worry about! It was about 14$ on January 1st 2013.

Oil was as high as 107$ a barrel (for wti) this year and is now 55$, oil is not doomed Grin

Supply/Demand...

The only real reason why these two numbers are correlating is because there is less money generally flowing into speculative investments as the fed has stopped pouring massive amounts of money into the economy via QE. The prices of bitcoin and oil are not related over the long term

picolo

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Activity: 1022

Merit: 500

Quote from: STT on December 20, 2014, 12:36:07 AM

oil demand is rising even when the price rises or falls. Same with bitcoin is that demand for a solid uncompromised global currency is rising. Im not sure bitcoin will be used but its applicable market is rising and the ability of populations to access its worth is also rising so that is a bullish outlook.
Even while some industry may be in decline and so recession a possibility, I think the demand for oil is going to rise because of progression in various countries development and dollar will continue to weaken and its long term system; that promotes bitcoin or least some alternative system

You have the supply in the equation of price too.

Quote from: Eastwind on December 19, 2014, 02:46:29 PM

Quote from: picolo on December 17, 2014, 10:12:42 AM

Quote from: botany on December 17, 2014, 09:28:26 AM

Quote from: picolo on December 16, 2014, 03:27:19 AM

About 800$ on January 1st and 340$ now, nothing to worry about! It was about 14$ on January 1st 2013.

Oil was as high as 107$ a barrel (for wti) this year and is now 55$, oil is not doomed Grin

Supply/Demand...

Oil is not doomed, but oil producers are sweating.
Bitcoin may not be doomed, but miners aren't getting rich quickly.

I won't be surprise to see Oil back at more than 100$/barrel within 2 years. Bitcoin will be back at 1000$ soon too.

The world is changing and most people don't get it.

The price of BTC is not correlated to oil price. With the oil supply surplus, it will not go to $100 easily.

Bitcoin and Oil should go up in price nominally as more fiat are inflated.

STT

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oil demand is rising even when the price rises or falls. Same with bitcoin is that demand for a solid uncompromised global currency is rising. Im not sure bitcoin will be used but its applicable market is rising and the ability of populations to access its worth is also rising so that is a bullish outlook.
Even while some industry may be in decline and so recession a possibility, I think the demand for oil is going to rise because of progression in various countries development and dollar will continue to weaken and its long term system; that promotes bitcoin or least some alternative system

Eastwind

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Quote from: picolo on December 17, 2014, 10:12:42 AM

Quote from: botany on December 17, 2014, 09:28:26 AM

Quote from: picolo on December 16, 2014, 03:27:19 AM

About 800$ on January 1st and 340$ now, nothing to worry about! It was about 14$ on January 1st 2013.

Oil was as high as 107$ a barrel (for wti) this year and is now 55$, oil is not doomed Grin

Supply/Demand...

Oil is not doomed, but oil producers are sweating.
Bitcoin may not be doomed, but miners aren't getting rich quickly.

I won't be surprise to see Oil back at more than 100$/barrel within 2 years. Bitcoin will be back at 1000$ soon too.

The world is changing and most people don't get it.

The price of BTC is not correlated to oil price. With the oil supply surplus, it will not go to $100 easily.

picolo

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Activity: 1022

Merit: 500

Quote from: botany on December 17, 2014, 09:28:26 AM

Quote from: picolo on December 16, 2014, 03:27:19 AM

About 800$ on January 1st and 340$ now, nothing to worry about! It was about 14$ on January 1st 2013.

Oil was as high as 107$ a barrel (for wti) this year and is now 55$, oil is not doomed Grin

Supply/Demand...

Oil is not doomed, but oil producers are sweating.
Bitcoin may not be doomed, but miners aren't getting rich quickly.

I won't be surprise to see Oil back at more than 100$/barrel within 2 years. Bitcoin will be back at 1000$ soon too.

The world is changing and most people don't get it.

botany

legendary

Activity: 1582

Merit: 1064

Quote from: picolo on December 16, 2014, 03:27:19 AM

About 800$ on January 1st and 340$ now, nothing to worry about! It was about 14$ on January 1st 2013.

Oil was as high as 107$ a barrel (for wti) this year and is now 55$, oil is not doomed Grin

Supply/Demand...

Oil is not doomed, but oil producers are sweating.
Bitcoin may not be doomed, but miners aren't getting rich quickly.

picolo

hero member

Activity: 1022

Merit: 500

Quote from: worle1bm on December 16, 2014, 01:56:49 AM

Quote from: picolo on December 16, 2014, 01:50:15 AM

The Dollar, the Euro and the Yen are losing value, more people understand that they need a global currency that they can trust, maybe Gold or Bitcoin?

Hahahahaha

Dude. What was the price of Bitcoin January 1st, and what is it today? Are you blind?

About 800$ on January 1st and 340$ now, nothing to worry about! It was about 14$ on January 1st 2013.

Oil was as high as 107$ a barrel (for wti) this year and is now 55$, oil is not doomed Grin

Supply/Demand...

Plutonium

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Quote from: worle1bm on December 16, 2014, 01:56:49 AM

Quote from: picolo on December 16, 2014, 01:50:15 AM

The Dollar, the Euro and the Yen are losing value, more people understand that they need a global currency that they can trust, maybe Gold or Bitcoin?

Hahahahaha

Dude. What was the price of Bitcoin January 1st, and what is it today? Are you blind?

You must have no idea, those prices would not have been achieved if Mt Gox did not fake trade, and bitcoin would have been a STEADY incline from $120~ to what it is today, if not higher.

cryptoforcause

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This was quite unexpected but it can be a matter of profit for some countries.

worle1bm

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Quote from: picolo on December 16, 2014, 01:50:15 AM

The Dollar, the Euro and the Yen are losing value, more people understand that they need a global currency that they can trust, maybe Gold or Bitcoin?

Hahahahaha

Dude. What was the price of Bitcoin January 1st, and what is it today? Are you blind?

Topic: Dollar coming to an end - page 13. (Read 34949 times)