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Topic: Should the Crypto Community Be Worried About the Oil Crash? - page 3. (Read 422 times)

legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
Hello, guys! What do you think? Can crypto and the oil industry be connected?

After the price pump to $9100, the whales tend to convert their bitcoin and altcoins into fist and I see not connection of the latest bear market with the crude oil price fall. The price fall by the whales can be the prepaid for bitcoin halving effect as i know history will repeat itself.

Hello, guys! What do you think? Can crypto and the oil industry be connected?



Everything is crashing, but some areas will recover faster than others, will be hard to see the Oil recovering fast, but bitcoin will do. Don't forget about the halving on the other side of the corner.

I support this. You are right. Cryptocurrencies  will recover fast because the whales that are moving there money out will anticipate for bitcoin halving as well and invest back on bitcoin and altcoins. So, I think this is the right time to wait and see the market fall and invest after the bear market is over.
legendary
Activity: 2338
Merit: 1354
For me, it is not totally connected, just like what they are talking about on Gold or stock markets.
Oil started to fall at the start or year 2020 which in january, oil already lost more than 40% since January 2020, so in that case I don't find any reason that Bitcoin and Oil is totally connected.
Please do note also that most of the market now are in dumps, just like stock markets.
sr. member
Activity: 1890
Merit: 300
Vave.com - Crypto Casino
We are still learning the economics of Cryptocurrency. The coronavirus outbreak seems to be causing a selling of everything from stocks to crypto.
The current crash in price of oil is a strategy to hurt Russian economy. The oil consumption were decreasing anyway and lower oil prices would certainly be a boost for post virus economic rebuild. For crypto prices, it's just wait and observe.
legendary
Activity: 3304
Merit: 3096
Hello, guys! What do you think? Can crypto and the oil industry be connected?

i think the current bitcoin crash is some way connected to bitcoin, because of the big whales moving their founds to backup a lil the markets.

Everything is crashing, but some areas will recover faster than others, will be hard to see the Oil recovering fast, but bitcoin will do. Don't forget about the halving on the other side of the corner.
jr. member
Activity: 40
Merit: 10
Hello, guys! What do you think? Can crypto and the oil industry be connected?
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