Topic: What happnes to BTC,if the oil price goes up? - page 10. (Read 2441 times)
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The rise in oil prices may be disadvantageous to the world's economy, which will significantly increase the cost of many industries and may stimulate more printing of the government, if the price of big inflation will be higher.
you are right. we do not know what the effects are on bitcoin if oil prices go up. well, chances are, oil is a good investment besides bitcoin, so, it could decrease the bitcoin price, but it could be the opposite.The oil price is going up and many people expect it will go above 100 USD per barrel,or even 120 USD per barrel.How this will impact the world economy and the cryptocurrency prices?
I have many own theory about this and I will share it later,but know I'm waiting for other opinions.
Is this good or is it bad for bitcoin?
I have many own theory about this and I will share it later,but know I'm waiting for other opinions.
Is this good or is it bad for bitcoin?
Oil is the number one big business world wide and also this is a cause of inflation of all goods and merchandise in case of oil price high. But because of Bitcoin price increased, oil industry is no longer connected to Bitcoin price inflation.
I guess we must rather track some parameters like fed balance sheet, because the fiat money supply in circulation can take impact on the market
The rise in oil prices may be disadvantageous to the world's economy, which will significantly increase the cost of many industries and may stimulate more printing of the government, if the price of big inflation will be higher.
you are right. we do not know what the effects are on bitcoin if oil prices go up. well, chances are, oil is a good investment besides bitcoin, so, it could decrease the bitcoin price, but it could be the opposite.
The price of the bitcoin does not really affect the price of the oil and they are not related.
The oil price is going up and many people expect it will go above 100 USD per barrel,or even 120 USD per barrel.How this will impact the world economy and the cryptocurrency prices?
I have many own theory about this and I will share it later,but know I'm waiting for other opinions.
Is this good or is it bad for bitcoin?
I'm not an expert basically but it is hard for me to see what way and how it is depending on the price of oil. it is for me similar thing as we read about the dependence of cryptocurrency price to a worldwide soccer Cup I don't think that it is dependentI have many own theory about this and I will share it later,but know I'm waiting for other opinions.
Is this good or is it bad for bitcoin?
I dont think there is any entity which is using oil to generate electricity for bitcoin mining. because of that i do not really think there is a correlation between bitcoin and the oil rates. with the value of bitcoin expected to increase in the future maybe mining btc with oil energy maybe economical. i think this will be good since it will maintain the value of btc high than the value of btc at the moment. This will also depend on the regulations which will be put in place by governments.
The rise in oil prices may be disadvantageous to the world's economy, which will significantly increase the cost of many industries and may stimulate more printing of the government, if the price of big inflation will be higher.
I think btc is safest place to hold money, if price of oil will go down-money will come in btc,right now oil is interesting by high price because a lot of cars in the world use fuel. In future most expensive and valuable resource will be electricity,because of electric cars and cryptocurrency
Oil is not a currency and is not an easy source in which we invest our money but on the other hand the Bitcoin is an easiest source where you do not have to make arrangements but just investment is required. There is no connection between oil and Bitcoin as we know that Bitcoin is a currency and decentralized so only its demand has great affect on its price, the more we demand the more increase will occur in price. NOthing I guess because btc remains on its value which is so volatile. The only thing will be affected by oil price goes up is the fiat money and other commodities that will going to take a rise also in market price as the government will do the regulation on its market price.
I think nothing will happen to bitcoin price because there are many things in the world which do not take affect by oil prices. In general when oil prices increases other commodities also go high but bitcoin is a matter of money and those who what to earn more money will out their money in it without caring for its price. so I think it will remain the same. 
I think the international market also influence the bitcoin and crypto while if the big users of bitcoin can use this currency for buying of oil and if the dollar is used for paying the oil then the exchange will changes with oil trade.
I think it doesn't affect the crypto at all, even if its affect iwill be a little because crypto and oil investment are way to different.
The oil price is going up and many people expect it will go above 100 USD per barrel,or even 120 USD per barrel.How this will impact the world economy and the cryptocurrency prices?
I have many own theory about this and I will share it later,but know I'm waiting for other opinions.
Is this good or is it bad for bitcoin?
a few months ago after I read the news about the coins associated with regulated currency Olicoin, and the coin was stable. so I think it will not affect the price of cryptocurrency, but most likely it greatly affects the world economy. I want to read a little of the theory you have, it seems interesting. I have many own theory about this and I will share it later,but know I'm waiting for other opinions.
Is this good or is it bad for bitcoin?
Considering the data and the stats the price of bitcoin and oil are connected with each other.
For me it there is not a big connection between those two, it could just interect in some "little" way but biggest changes for me won't come cause of that.
I think bitcoin and oil is different thing on investment , i mean oil and bitcoin move on their way , they dont fight each other and the oil rises will not affect bitcoin i think
The oil price is going up and many people expect it will go above 100 USD per barrel,or even 120 USD per barrel.How this will impact the world economy and the cryptocurrency prices?
I have many own theory about this and I will share it later,but know I'm waiting for other opinions.
Is this good or is it bad for bitcoin?
I'm not an expert basically but it is hard for me to see what way and how it is depending on the price of oil. it is for me similar thing as we read about the dependence of cryptocurrency price to a worldwide soccer Cup I don't think that it is dependent I have many own theory about this and I will share it later,but know I'm waiting for other opinions.
Is this good or is it bad for bitcoin?
the oil-backed cryptocurrency by Venezuela is very important. And it’s why attaching a rumor to Russia makes sense. Who do you think put this idea in President Maduro’s head, anyway? Martians? No, it was Putin.
Because it deepens Russia’s tools to combat U.S. hybrid war tactics, which include financial sanctions. They’ve already announced their plans for a crypto-ruble, as well as supporting cryptocurrency research, massive Bitcoin mining operations, and the possibility of a BRICS-Coin as well.
Because it deepens Russia’s tools to combat U.S. hybrid war tactics, which include financial sanctions. They’ve already announced their plans for a crypto-ruble, as well as supporting cryptocurrency research, massive Bitcoin mining operations, and the possibility of a BRICS-Coin as well.
....!!!!altcoin back up by oil would surely go up and value will increase as well since the business is correlated but for Bitcoin I don't see a direct connection so in my opinion Bitcoin price is not affected by oil...
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