Topic: What happnes to BTC,if the oil price goes up? - page 16. (Read 2522 times)
Is there any connection with the price of the oil? Bitcoin to some countries are not required to pay taxes so I don't think that there is an effect on it, it is not something just like what is normal happening now that if the oil increases the price of goods and commodities are also increasing in value.
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?
The price of oil will affect the economy of a country. For country whose business is oil, of course they economy will boom and for those who are just consumer, they find it hard. Bitcoin is also affected by the country's economy. The more countries suffer in their economy the more bitcoin will be affected. 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?
If the oil goes high there is no direct effect on it in the bitcoin but has in some fuel based coins. That has a probability of rising up while in the oil price rise have other effects consequently in electricity and foods when it rises in my country everything will follow. Then one thing that it will directly become more affected is the bitcoin mining and other miners because of high electricity.
If any material things like oil, een thou it will going up the prices, it not a problem, because no connection between bitcoins and oil prices Etc. otherwise our economy in our everyday lifestyle will have a negative cause because of higher prices in the market stor. we are all suffer to this situation. but if we continue to invest our capital to bitcoins or other digital currency, we are not effected because we contues earning and our business contue to grow and grow even thou our own country suffered a lot. but we are bless to have business like this.
Even the oil price will hike and goes to the higher price,the bitcoin is still remain a bitcoin. I have no idea for having a connections both of them. Normally,bitcoin will continue to help people through the any forms of crypto activities.
I think bitcoin will continue to be popular even though the various negative and oil prices goes up, this is because everyone has been proven and felt the great benefits of bitcoin so if the oil price goes up then they will not take it too much.
I can't say that they have a connection or oil and bitcoin are relying to the same market but I think if the world's economy we are talking about here, they are part of it so if oil's price goes up I'm not saying that bitcoin's price will go down.
I don't think there is a connection of oil price hike to bitcoin, its a commodity will affected, as i experience if the oil price will hike the commodity will also hike, bitcoin don't.
As I saw some news from TV their is no connection between oil and BTC, only fiat money is affected if oil price change. I think oil market has nothing to do with cryptocurrency as of this moment.
Yes, there nothing between oil market and bitcoin market but the oil market will have impact in the stock market and bitcoin market and stock market seems follow each other sometimes so there's chance for the OP said to happen.
As I saw some news from TV their is no connection between oil and BTC, only fiat money is affected if oil price change. I think oil market has nothing to do with cryptocurrency as of this moment.
As far as I know the price of oil and the price of bitcoin is absolutely not connected. Therefore, most likely, this will not significantly affect the cryptocurrency world.
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?
In my opinion, I think Bitcoin prices are unlikely to be affected by the price of oil. Whether the price of oil is high or low, its impact on Bitcoin is almost minimal or even not at all. At present, the value of Bitcoin is most affected by the news related to the mayor of cryptocurrncy. In recent months, we can clearly see this, just a few small negative news are enough to make Bitcoin change. This is just my opinion, I would like to know more your views on this issueI 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 is no link from bitcoin and gasoline. But it will increase the inflation of any aspect of life, society, industry, production. if this lasts. It is difficult for people to get their savings to invest in bitcoins and crypto.
I can't say that they have a connection or oil and bitcoin are relying to the same market but I think if the world's economy we are talking about here, they are part of it so if oil's price goes up I'm not saying that bitcoin's price will go down.
For me there's no effect if the oil price hike because Bitcoin is almost illogical to bitcoin for me there's no effect the oil is not totally involve when you do mining for me there's no problem about that issue
I dont see significant effects of the oil increase in btc but if ever there are effects in any way hopefully this wont affect btc price that much. 
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?
Basically nothing will happen to the world of crypto currency and thus the BTC prices will behave the normal way only. There is simple logic behind all this, when crypot currencies are fluctuating in their values then it is the result of decisions made on the BTC throughout the world, how much volume is inflow and outflow from the market, whether stocks being sold for the cryptos etc etc. These are directly linked and thats why they affect it. However changes in the oil is completely different chain of command and thats why it will never affect the BTC.
if oil price up, this case will not effect to Bitcoin. Both have not correlation, and has different market cap. Supply and demand is the things will effect in Bitcoin price.
Yes right.I don't see any connection regarding this matter.Both are independent with each other.It is purely based on demand and supply that affects bitcoin value.It might have impact economically but as for me,it has nothing to do with cryptocurrency prices.I am also very curious: why do people seek for some connection between the digital money and the oil? OK, I understand 50% of the USA electricity comes from the oil but still there is no visual reason here...
Well, I think I can throw some light on this matter. Oil has been slowly rising recently, so people are eagerly looking for reasons why cryptocurrencies should rise along with it too. In other words, if someone tells or claims there is a connection after all between oil and Bitcoin prices (positive correlation, to be precise), then people will feel reassured in their cryptocurrency investments. That will give them a feeling of wellbeing, if you please.
I hope this explains it pretty well why such questions arise.
I think that all sectors of the economy are interrelated, and the rise in oil prices may have some impact on the cryptocurrency market.
Honestly, I don't think that both of them are related, but from an economic point of view maybe they can be related. As you said, I think of the rise in oil prices, maybe it can affect the crypto market and bitcoin can rise, I am sure that what will happen in the future, bitcoin and oil prices will increase too much as the demand is higher later.
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 today's bitcoin prices are falling sharply and there are no signs of a recovery, so to be able to trade successfully is very difficult, the market is constantly changing. and is still in a bear market in the long run. The current bitcoin price has been adjusted to $ 7500, according to my analysis, bitcoin prices will continue to rise sharply in the coming days before falling in the long run.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?
we have to look and analyze what happened before when the oil prices were down. If the money from btc flows into oil than obviously the price would go down.
If the oil price is going up, it does not affect the bitcoin value in my opinion. Because bitcoin is also not so related to oil prices. But maybe if the oil price hike occurs, the world economic crisis will happen and that's what can affect the price of bitcoin.
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