Topic: What happnes to BTC,if the oil price goes up? - page 5. (Read 2522 times)
The price for bitcoin does not directly depend on the price of oil. But perhaps an increase in the price of oil will help raise the price of bitcoin.
Are you joking ? oil price movement never affect the price of crypto currency in the market because crypto currency is not related to the world economy because as I know crypto currency is a decentralized aspects and the price of it is depend to the crypto users, crypto whales and investors.
these are different topics. oil globally is a situation that affects the manufacturing sector. if oil prices and oddities are made over bitcoin, then it can only be an effect. there is no connection except this
but it's money flow can give big impact.for example if oil investor move their money into crypto.it can be affected in oil and crypto 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?
I don't think btc and oil are somehow interrelated. Oil has nothing to do with the price of 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?
Bitcoin in general is such a unique phenomenon that depends only on the demand of people using it.
these are different topics. oil globally is a situation that affects the manufacturing sector. if oil prices and oddities are made over bitcoin, then it can only be an effect. there is no connection except this
I don't have ideas if the oil prices will goes up it will affect bitcoin price too because each both prices are different from each other if the bitcoin prices goes up the oil price goes up too?? what you should think it will affect too much from the beginning? I don't think so that will happen so for now I wan't to gain knowledge about that thing.
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 clearly does not make sense. Oil is far from crypto currency even though the prices of goods affect the stock market. Stock market is a lot more different from crypto currency. People who invested in bitcoin does not think in rhe price of the goods such as oil in investing that is why there is no connection at all. More probably it will result for a better outcome if people who invested in stocks will go to crypto because of instability of stock market and this is a good thing.
When the oil price hike in the oil market then the price will goes up , it does not affect the price of bitcoin because the oil market ,have different world ,in comparison with cryptoworld and the bitcoin market, so it will run at different business independent 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?
if in my opinion, maybe not too influential because I know. whether or not the price of bitcoin is determined by the person or the largest shareholder and also gold (many people say). that's all I know
I don`t think there is a connection between BTC and oil price. Both of them are in different areas, I mean oil could work without bitcoin and bitcoin could work without oil.
There is no straight connection between bitcoins and oil price, cryptocurrency has different market while oil is in stock market but what they have in common is demand and supply which makes their price increase.
I don`t think there is a connection between BTC and oil price. Both of them are in different areas, I mean oil could work without bitcoin and bitcoin could work without oil.
Hey guyz As we all know crude oil is listed in forex exchange for trading purposes. if the price is rising of oil than it may attract investor to invest more. but i don't think it effect bitcoin price at all. because both things are totally different.
As oil prices rise, assets fall. Traders and investors will look for an alternative, may show interest in bitcoin. This will give a new impetus to growth.
As far as the price of dollar can affect Bitcoin a don't see any reasonable argument behind it being dependant on the price of oil. There is just no connection whatsoever.
If the price of oil rises does not seem to affect the bitcoin price.
I think it depends on how the country builds power plants, what percentage of capacity is produced by petroleum power plants and natural gas compared to total capacity. If the percentage is small then it is less affect to the bitcoin price. We take the example in the US, but not this year, in 2016, the percentage of capacity produced by petroleum power plants compard to total capacity was 3.35%, while the natural gas was 43.54%. The both number is large because almost half of the total capacity of energy produced, and of course it will significantly influence to the price of bitcoin. The price of oil and natural gas rises, the price of electricity rises too. The price of electricity rises, the cost of mining bitcoin will increase too, thus resulting in rising bitcoin prices.
source: https://www.eia.gov/electricity/annual/html/epa_04_03.html
I also think that the increase or decrease of oil price cannot effect bitcoin price. May be in such countries where bitcoin has become a legal currency will effect bitcoin price but in such places where bitcoin do not have any relation with the economy of the state.source: https://www.eia.gov/electricity/annual/html/epa_04_03.html
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?
Nothing happens to Bitcoin, it has no connection with oil, Bitcoin is a cryptocurrency. There are things that determines the price of Bitcoin and not stocks or assets or whatever you may think, the only thing that determines the price of Bitcoin is the rate of demand and supply, so everything that has to do with Bitcoin in terms of determining price and value is here. 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 dont think these two have any relations.
The only thing may happen is when the oil price gets boring and people lose interests in oil so they switch to invest into crypto. Then bitcoin will have some positive movement.
The only thing may happen is when the oil price gets boring and people lose interests in oil so they switch to invest into crypto. Then bitcoin will have some positive movement.
The oil companies have different market with cryptocurrency market , if is there is an adjustment in oil price value in the oil market, it does not really affects the market value of bitcoin and other crypto currency coin in the market cap.
I believe that in order for bitcoin prices to rebound at this time is very difficult, you may find that the market is bearish in the long run and bitcoin prices will likely continue to fall sharply at any time. Prices of altcoin are also very strong so I believe that it is very difficult for the market to recover and it takes a lot of time. I believe that the market capitalization should be at $ 800 billion at the new $ 20 billion bitcoin price.
The oil companies have different market with cryptocurrency market , if is there is an adjustment in oil price value in the oil market, it does not really affects the market value of bitcoin and other crypto currency coin in the market cap.
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