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.
Yeah I agree as the bitcoin and oil has no direct effect in their price movement. This are different commodities that traded in different environment. 
Topic: What happnes to BTC,if the oil price goes up? - page 11. (Read 2522 times)
The rates of the bitcoins is inversely propitiate to the rates of the stock.
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?
I think, bitcoin movement right now like commodities price and oil is one commodities. If oil price rising and reach $100, I think bitcoin price will following rising and hopely able to reach highest price again
The price of bitcoin and that of crude oil are not positively correlated. That means there is no relationship, infact, cryptos are not correlated to any other market.
Nothing happen i think. Maybe effects in trading pair between BTC and fiat.
But i think it's will not give big effects because it's not have relations between crypto and oil
between traders crypto and oil traders different space. in the absence of such linkage, then i do not think it affects each other. oil is legal throughout the world, while cryptocurrency has notBut i think it's will not give big effects because it's not have relations between crypto and oil
There is really no connection between the bitcoins and the oil price.
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?
Any process of price increases on consumption or fuel both affects and raises global inflation. If the petrol price increase in the long run without adjustment. Bitcoin and crypto are perhaps the more interesting forms in that case. I personally think the market value will increase in that circumstance.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?
Given the statistical data for the last few years, I can say that bitcoin and oil are directly proportional to each other. In 2017 fluctuations in the bitcoin rate were parallel to fluctuations in the cost of oil on the world market. But we can not talk about the direct impact of oil price jumps on the bitcoin rate. None of the products traded on the world market directly affects the price of bitcoin. The cost of bitcoin and oil is correlated as in these industries approximately the same investors.
I think it is unlikely that as in these industries approximately the same investors. Some investors on wall street do not consider cryptocurrencies for something worthwhile. Remember even the expression of Warren Buffett about bitcoin. Therefore, it is unlikely that raw materials so affect high-tech development.
Nothing happen i think. Maybe effects in trading pair between BTC and fiat.
But i think it's will not give big effects because it's not have relations between crypto and oil
between traders crypto and oil traders different space. in the absence of such linkage, then i do not think it affects each other. oil is legal throughout the world, while cryptocurrency has notBut i think it's will not give big effects because it's not have relations between crypto and oil
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?
At this point this is one of the weirdest correlation proposed because i do not see any connections between these to assets. I am interested to see what theory can explain this connection.
I guess nothing. Bitcoin doesn't have direct investments on crude oil or any stocks for that matter. The price of Crypto currency is heavily relient on the trade within the crypto currency market. The more the trade the more healthier it would be and the strobger the price. What ever happens to the world, as long as we hold on to our coins, then we'll all be rich.
If the oil price gets higher, then bitcoin's price remains as it is. IMO, there is no connection between the status of their market value at all as they are very different from each other. But if oil plays a major role in every bitcoin transaction, then possibly it can affect bitcoin's status too.
Bitcoin doesn't have to be directly affected as prices are always based on the supply and demand. But there are things we should be considering for this matter. Indirectly bitcoin miners will be having problem with the high cost of electricity brought about by the effects of high oil prices. So as a result miners may ask for greater or higher transaction fees. In another situation investors might be having problems with the amount of money to invest. Since prices go up on the common commodities, the budget for investing in bitcoins might be used up a bit or is lessen as a result investments become smaller in value or volume. This is how it might affect bitcoin.
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?
So are you trading on oil or what? I don’t see any connection with Bitcoin and Oil. Bitcoin is totally different and whenever the price of Bitcoin is going it doesn’t affect the price of oil, same thing applies to when the price for oil is going up and down, no connection between both. 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?
So you can save your theory whatsoever cause we all don’t need it here. There are more important things to focus on than taking about oil price blah blah blah. Cryptocurrency is a totally different business.
There is no relationship between oil price and BTC. But if oil companies accept BTC as a payment than price of BTC will be too damp high. And it will be a great achievement for the BTC to get global currency.
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?
You can see that in recent times bitcoin prices are constantly rising, the market is showing a very strong rebound, I think in the moment you can already start trading. But I think the recovery of bitcoin will only last for a few days and the bitcoin price will probably decrease at any time. The market is bearish in the long term and we should only invest short-term in bitcoin. Bitcoin prices may continue to fall sharply in 2018.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 possibility of bitcoin prices for this year has reached its lowest point and it is now time for bitcoin growth bounce back. yes indeed for the decline will still continue to exist because the movement is still fluctuative there is time to go up and there is time to go back down for a short correction before going up again. it is advisable to invest in bitcoin only in the long run only to reduce the risk of loss and if it is just starting to trade back when the price corrected back.
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?
You can see that in recent times bitcoin prices are constantly rising, the market is showing a very strong rebound, I think in the moment you can already start trading. But I think the recovery of bitcoin will only last for a few days and the bitcoin price will probably decrease at any time. The market is bearish in the long term and we should only invest short-term in bitcoin. Bitcoin prices may continue to fall sharply in 2018.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 possibility of bitcoin prices for this year has reached its lowest point and it is now time for bitcoin growth bounce back. yes indeed for the decline will still continue to exist because the movement is still fluctuative there is time to go up and there is time to go back down for a short correction before going up again. it is advisable to invest in bitcoin only in the long run only to reduce the risk of loss and if it is just starting to trade back when the price corrected back.
I honestly don't see any connection to Bitcoin in this case, and if the prices of both responded similarly in some ways previously, it's likely coincidence. I might have missed something fundamentally, but that's my opinion.
PetroCoin (MaduroCoin) however will benefit from an increasing oil price, so I assume that the investors and backers of this governmental garbage will happily look forward to what the future brings.
I'm interested in reading your theory. If it's convincing and makes me look at the situation differently in terms of Bitcoin, I will Merit your theory.
PetroCoin (MaduroCoin) however will benefit from an increasing oil price, so I assume that the investors and backers of this governmental garbage will happily look forward to what the future brings.
I'm interested in reading your theory. If it's convincing and makes me look at the situation differently in terms of Bitcoin, I will Merit your theory.
It is obvious that there may be no relationship between bitcoin price and petroleum price, But if we look at it critically with blockchain eye, petroleum blockcain based project like the one you just mentioned can be a mediating factor between bitcoin and petroleum price. Just have it in mind that bitcoin and blockchain in totality will soon control all other sectors of our global economy.
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?
You can see that in recent times bitcoin prices are constantly rising, the market is showing a very strong rebound, I think in the moment you can already start trading. But I think the recovery of bitcoin will only last for a few days and the bitcoin price will probably decrease at any time. The market is bearish in the long term and we should only invest short-term in bitcoin. Bitcoin prices may continue to fall sharply in 2018. 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?
There won't be any effect on Bitocoin or oil prices either because the oil prices are determined by US Dollar and not with Bitcoin or any crypto. I think there is no connectivity for oil price and Bitcoin and you are getting confused with the crypto economy and oil economy.
If Bitcoin is accepted world wide as a legal tender then oil price may be fixed on the bases of Bitcoin price and that may take several years to happen.
well, what's the oil relationship with bitcoin, but if something big like oil goes up, I think bitcoin prices will also go up. the development of such a thing may involve bitcoin, and that of course will involve and influence the bitcoin price. If Bitcoin is accepted world wide as a legal tender then oil price may be fixed on the bases of Bitcoin price and that may take several years to happen.
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