Topic: What happnes to BTC,if the oil price goes up? - page 2. (Read 2522 times)
of course nothing will happen if oil prices rise, because bitcoin and oil have no relationship whatsoever. so when the price of bitcoin and the price of oil rise to each other there will be no impact on the two goods
I don't think that has anything to do with the price of the crypto currency depending on the movement of the currency and investors who might influence the development of the currency
I don't understand if that connected or affected to the crypto-currencies but there are also projects that are related in oil or other resources thru crypto-currencies that you can gained a discount if you using their tokens or platform.
The only thing that I think if oil will rise in price and the price of gasoline and diesel fuel will rise! The rise in price of gasoline will affect everything else... Connection with oil and cryptocurrency do not see!
means that you mean there is no effect on bitcoin, if the price of oil rises? I think that too, because prices are affected by demand and supply, and also news that is directly related to bitcoin 
To say that there is a strong and direct connection between oil and BTC prices is not right for me. But I can't ignore weak connection between them. Because oil is used extensively in every country and oil prices always have an effect on the prices of other assets like bitcoin. For example, oil prices has a direct effect on electric prices and electric prices are important for bitcoin miners. If we take this example as a consideration, we can say that we might experience a very little decline on bitcoin price as oil prices get high.
The only thing that I think if oil will rise in price and the price of gasoline and diesel fuel will rise! The rise in price of gasoline will affect everything else... Connection with oil and cryptocurrency do not see!
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?
Mining does not need oil but only electricity so they won't affect btc. But we know that oil affects all the primary goods and services so we can expect an indirect added cost to the fares that will also be passed to the mining hardwares cost.
not too much effect on btc, the thing that can have a big impact on bitcoin is etf. but I'm also not sure that this will be realized. so just wait, but I'm sure bitcoin will continue to rise.
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?
theres just no any connection between the oil price hike and the price of bitcoin but however, if arab people will able to legalize bitcoin as a part or somehow a mode for payment then maybe this time, connection will be occur between these two.
there is no connection between bitcoin and oil, bitcoin is yes bitcoin oil is oil. they are different and there is no relationship with prices, because the price and future of bitcoin is difficult to predict. surely if oil and bitcoin were related, it would have pleased many people, but that made no sense.
- Agree that looking at a general perspective, the price of oil and bitcoin has no relationship here, both very different. However, if we analyze more deeply on this issue, we will have other thoughts, we can understand that the price of oil increases, which means that the tax will increase because many countries still buy oil from other countries, the price of oil is too high will make the economy of the people in their country go down, and low income, high taxes, I don't think people have enough money to invest in bitcoin, the value of bitcoin will have a decline
Oil could have affected Bitcoin, if it (BTC) were part of our everyday life. Like the same dollars etc. And so, I do not see a special connection to be honest. Of course, in some ways it may affect the price, but these are extreme consequences and nothing more.
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?
theres just no any connection between the oil price hike and the price of bitcoin but however, if arab people will able to legalize bitcoin as a part or somehow a mode for payment then maybe this time, connection will be occur between these two.
I think any oil price hike will have no effects on bitcoin or in the crypto market price. The price of the cryptocurencies will only get affected when there an event or development related to them. Bitcoin price is not linked to oil price and other prices of commodities unlike the national currencies and economies where oil is traded used.
there is no connection between bitcoin and oil, bitcoin is yes bitcoin oil is oil. they are different and there is no relationship with prices, because the price and future of bitcoin is difficult to predict. surely if oil and bitcoin were related, it would have pleased many people, but that made no sense.
The cryptocurrency and oil have no one connection. even when the oil becomes extremely expensive, it will not affect the price of Bitcoin and altcoins.
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?
In my own opinion, the price of the oil does not affect cryptocurrency because they did not share the same industry as well as the market prices.
In my own opinion, the price of the oil does not affect cryptocurrency because they did not share the same industry as well as the market prices.
Oil is related to just about everything, all kinds of chemicals are derived from it and plastics we use and eventually even the cost of all energy can relate to a high oil price. Higher oil will raise the cost of natural gas because all prices are related to some extent.
The reason why oil is related to virtual Bitcoin even is the cost of processing involves alot of energy usage. As much energy is used to confirm BTC as is used by Nigeria, a nation of 160 million and a major oil producer
I suppose that these things have no connection at all. Each time I was trying to make a parallel between oil prices and Bitcoin cost I failed always.
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?
Oil is not used for production of electricity, so why should it correlate with the crypto market?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?
Yes, there have been attempts to attach cryptocurrencies to the price of barrel of oil (OilCoin or Venezuella's El Petro), but they were not massively adopted around the globe.
The value of cryptocurrencies is dependent solely on demand/supply and the news around the blockchain technology, it has nothing to do with the prices for natural resources and precious metals.
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?
Oil is not used for production of electricity, so why should it correlate with the crypto market?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?
Yes, there have been attempts to attach cryptocurrencies to the price of barrel of oil (OilCoin or Venezuella's El Petro), but they were not massively adopted around the globe.
The value of cryptocurrencies is dependent solely on demand/supply and the news around the blockchain technology, it has nothing to do with the prices for natural resources and precious metals.
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