Topic: What happnes to BTC,if the oil price goes up? - page 22. (Read 2485 times)
happiness btc in my opinion is when bitcoin start booming and arguably has started viral among the society, and this makes bitcoin enthusiasts more and more if the demand more and more then bitcoin price will soar, as happened at the end of 2017
I do not see any directly connections between them, but, i think, if the potential investor will became richer or have more extra cash he will invest into btc, so price will go up, in theory ofc, and oil is limited resource like btc, but, it will end sooner or later.
In my opinion any price increase on Commodities like Oil has no direct impact on Bitcoin, Not unless, one or two Big Time investors had Huge invested in Bitcoin and the same manner also invested in oil product then sadden shift by pulling out the said investment from Bitcoin then invest further to Oil product, it may affect somehow the price value of Bitcoin but only the fraction of point.
If the oil price goes up, everything in our prime commodities goes up too so inflation occurs, and if inflation rules there is a decrease of currency value, so it means including bitcoin price goes down too. Oil price matters a lot to us, it has a big impact to our lives and to our daily needs, it drives everything we need in our living because oil price causes inflation and deflation to our market.
Nothing happens with bitcoin because the price of oil does not affect the price of the cryptocurrency.
When the oil prices goes up, the savings of the individuals goes down as the laws of economics says as a result of which the demand for the Bitcoin in the market falls. A fall in the prices of demand for a commodity reduces the prices of that commodity. This leads the people to either reduce the use of oil or take loans to meet the needs and keep their investment going in the market. I can't think of any relevance to oil's price increase to cryptocurrencies price so probably it will not affect in any other way. Oil accepted in every countries but not every countries accept the bitcoin.
Oil price is not depends on bitcoin price or vice versa. It means if oil price hike it effects itself. There are instances that bitcoin crash but the price of oil decrease. Sometimes bitcoin price increase but the oil price is the same. So there are own freedom of both parties. No worries because oil is not yet decentralized.
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 price hike is always happen and it seems nothing to do with crypto. Crypto continues to be volatile, unpredictable and all norms of it goes on. Even the oil price become low or high it has no connection to bitcoin and vice versa. They are too unrelated and in same way no connection to each other.
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?
What impact are you expecting? I think oil prices aren't anyhow related to cryptocurrency prices. Only if all of the cryptocurrency holders would suddenly decide to sell their cryptos in order to buy a couple of barrels. But even then the impact wouldn't be that serious.
Oil and bitcoin is not connected to each other I think. Bitcoin is online and that's digital while oil is offline marketing. If the price of oil decreasing or increasing I don't think bitcoin can affect from th emovement from the oil price.
Higher oil prices will lead to increased electricity costs hitting the miners a little harder.
Well, according to this:
http://www.tsp-data-portal.org/Breakdown-of-Electricity-Generation-by-Energy-Source#tspQvChart
only 5% of the total energy produced in the world requires oil.
When it comes to Europe it's down 2% and 3% in the US.
So even if the price of oil will go to 100 and above, the rates won't go that much up, another drop to or even below 7000 would hit miners x times harder.
I think bitcoin can not be influenced by rising oil prices because only investors are able to make bitcoin growing so you do not easily believe in problems like this in order to keep focus in obtaining profit.
,and in some aspects it doesn't really have a major connection between oil and bitcoin or should we say crypto, but i have read from the earlier page that there is a certain coin related to oil, maybe that project might be connected to oil. In some other reasons it doesn't really affected due to the rise of oil price in the market, because it doesn't use any oil as a fuel. 
I think bitcoin can not be influenced by rising oil prices because only investors are able to make bitcoin growing so you do not easily believe in problems like this in order to keep focus in obtaining profit.
I can't think of any relevance to oil's price increase to cryptocurrencies price so probably it will not affect in any other way. The connection of oil to the world economy has no connection to the way the price in the market changes so I would love to hear your theories about the connection between those two.
If the prices of oil increase, it reduces the ability of the individuals to invest in the crypto market and as a result the market goes down because the demand for the crypto goes down which also reduces the prices of crypto currency. The opposite happens when the prices of oil falls maximizing the ability of the individuals to invest again in the crypto currency. It is like taxes which show the same results.
I can't find related to bitcoin and oil. This is a different thing, I mean Crypto world is an alternate for investment or related to payment something and oil is a commodity that can be used for the daily activity.
I'm interested in your opinion about a relation between bitcoin and oil.
I'm interested in your opinion about a relation between bitcoin 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?
Since electricity price are affected when oilprice hikes so this may have small influence about mining and since mining is the source of bitcoin it maybtake effect to the price of 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?
But this not means either dip but atleast some price movements,though im afraid we may feel that because the current status still not stable
I do think it'll probably affect the economy of crude oil consumers, US included, reducing the value of usd and increasing the value of btc
Probably nothing will happen. Oil and bitcoin are not related to each other. Does anyone buy large quantities of oil by paying cryptocurrencies? I have not heard of this case. The increase in the price of oil does not affect the price of bitcoin.
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.
Yeah in the first place you can see that it has no relation between the price of the bitcoin and the price of the oil but if you are going to analysed these you would notice that bitcoin is related to the fiat currency, why.? Because if you have bitcoin and you want a cash from it you are going to convert it in particular currency which have a big effects in the economy, and when the economy of a particular country so it means the goods are in the good price especially the oil. 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.
Bitcoin is not baked or related to Oil. I don't think Bitcoin will be affected by the oil market. Tow different things you are mixing up. Bitcoin is Bitcoin, let other physical products go away.
I also think that price oil can't seriously affect the crypto world. But maybe oil-rich people from Arabian countries, South America, Africa, Russia will decide to invest own money in crypto, who knows?!
Jump to: