Topic: What happnes to BTC,if the oil price goes up? - page 6. (Read 2441 times)
I also don't see direct connection between this two things, those are two different fields. Maybe if bitcoin is going to be used as a payment method for purchasing oil, maybe they correlate. I read some interesting ideas and thoughts here but I think that they could produce micro, not macro effect on crypto currency prices.
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 believe that oils price doesn't have any connection between bitcoins price because oil is not like a fiat currency and cryptocurrencies. So even the oils price will go up or down it will not affect the bitcoin's price. 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 that there is a direct relationship between them.
But, indirectly oil prices effect countries economy, which leads to spikes in stock/share market,
which may effect crypto prices together with countries new economical state.
But, indirectly oil prices effect countries economy, which leads to spikes in stock/share market,
which may effect crypto prices together with countries new economical state.
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 think that oil is affecting the price of everything around but I don't see the Direct dependence between those two, so maybe it will not affect it no way. Especially when I will buy myself an electric car, lol.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?
Oh I think I've figured it out! Oil's price affects the number of hipsters who buy Teslas, and when hipsters cash out of Bitcoin to buy Teslas, the price of Bitcoin goes down because everyone is selling their coin! So if we have a low price of oil, hipsters with HODL 'till their brains bleed, no matter what the cost! Come on sanctions, trade wars, and random antagonism in the Middle East!
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 think that oil is affecting the price of everything around but I don't see the Direct dependence between those two, so maybe it will not affect it no way. Especially when I will buy myself an electric car, lol. 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 there is no relationship between world oil prices and the price of bitcoin or other crypto currencies, because the value of bitcoin is very easy to change
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?
Maybe oil prive impact to condition economy but i dont thing it will give impact to cryptocurrency price because if i not mistake its not related. Cryptocurrency is digital asset and store of value and its very different with oil. Oil is commodities and the supply controlled by producer country and bitcoin have limited supply and not controlled by any government or authorities
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 think there is absolutely nothing, both move in different fields.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 does not affect bitcoin and vice versa.
What I've been observing is when bitcoin is going down, stocks are going down and oil price is going up.
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.
But the relation that I can say is when the economic situation is bad, most of the markets are down and the price of oil goes up.
What's your theory?
I think there is no relation on BTC if the oil price goes up.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.
But the relation that I can say is when the economic situation is bad, most of the markets are down and the price of oil goes up.
What's your theory?
Maybe, the laws of supply and demand cause oil prices to change. When supply of goods and services exceeds demand, prices fall and the inverse is also true, as the price of a good increases the quantity demanded decreases therefore, the excess supply of oil caused oil prices to fall sharply. I was wondering,
How the price of oil is determined? any ideas?
I don't see any connection between oil price and crypto so it's not matter what the oil price is at the moment as the demand of crypto won't change. Commodities such as oil will affect your country economic such as the price of food etc. If they somehow use bitcoin to buy oil in a large volume then it may be affected crypto price.
Oil's price is independent of other assets because it is a commodity that is used for its own purposes. If it gets really high, people have to pay more money at the pump for their fuel. People working in the oil industry will become rich. Maybe, just maybe, some of those people might buy bitcoin. But highly unlikely.
There is no correlation nor relationship between oil, gold or bitcoin. High oil does not mean high gold. Some abstract theory may connect them but there is no evidence. Oil is oil, bitcoin is bitcoin. That's all there is.
And what's your theory?
There is no correlation nor relationship between oil, gold or bitcoin. High oil does not mean high gold. Some abstract theory may connect them but there is no evidence. Oil is oil, bitcoin is bitcoin. That's all there is.
And what's your theory?
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 will not contradict the value of bitcoins because they have different genre of market, bitcoins is a cryptocurrency so it will always grow depending on the supply and demand in the market.
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?
Well there are a lot of documents that say the fluctuation of gold and oil is related to bitcoin. Actually, there are many factors that affect bitcoin because the value of the bitcoin is entirely influenced by the voin. The value of bitcoin is unpredictable and unstable 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 prices are related to crypto prices? if it yes it would affect too much because the price of oil are depending to its supplies and the prices of crypto are depending on its investors so if the price of oil in any country are going up the investors will dump their investments and crypto will dump its prices too because many investors are using oil and it will goes up their invested will affected.
that is not good reason, and i think no correlation between it.it is hard to analize correlation oil and bitcoin price.need intermarket analisys to find the answer. 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 don't really see how the oil price could reasonably affect the price of oil. Unless of course there is a major international crises which causes both the oil and the bitcoin (and probably gold) to rise in price.
Oil prices are related to crypto prices? if it yes it would affect too much because the price of oil are depending to its supplies and the prices of crypto are depending on its investors so if the price of oil in any country are going up the investors will dump their investments and crypto will dump its prices too because many investors are using oil and it will goes up their invested will affected.
I really don't see the correlation between crypto or btc to oil price but technically it will have a big impact in economy in different countries it is like a domino effect wherein since oil is being used to ship goods then merchants will also increase the price and afterwards people will suffer. There are many example with this matter but this is my share on this topic.
With the current situation I think crypto's market behavior will depend on the current news/trends.
With the current situation I think crypto's market behavior will depend on the current news/trends.
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.
There is no relation the increase of Oil price value to Bitcoin price market on crypto currency market, Market is Volatile, anything can happen at any given time during the trading market, Bitcoin is Decentralized crypto currency system, secured by Blockcahin hardware, maybe it will be affected by the decrease in the volume of investment by the investors in the market, but still no relation.
I don't think there is a connection each of them. First of all, cryptocurrency is a new in economy and can't measured with oil. Secondly, they are not related to each other and can not back up 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 believe that the bitcoin price could rise by the price, you can see that as the economic crisis unfolds, inflation comes, when the currency devalues, the government and the government inject more money, that makes People have more money and then they need something secret and valuable to hoard and I believe they will find a bitcoin. That will increase bitcoin 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?
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