What happnes to BTC,if the oil price goes up?

[walleconomy]

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.

[costanos02]

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.

[posi]

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.

[btcwelcabz]

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.

[Black Angel]

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.

[2beAmillionaire]

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.

[Poortorich2018]

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.

[Apened]

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.

[Falmera]

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.

[Bitexpert2017]

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.

[MiXxe]

At first glance, we will surely not be able to understand the relationship of bitcoin and the oil price. But I think, when oil price hikes, everything will be affected, including the bitcoin value. Why? Because although we do not use any transportation for this, we use internet. Another one is that, everything depends on the oil because it has a lot of uses in this generation. For every kind of industry, oil is needed directly or indirectly.

[redsap]

i think there is no connection with it, either bitcoin was using so much electricity source but not all need with an electric using by oil power, many kind of it too
oil price are rising because many people are using any of cars and gas

[Choii]

I don't know what will happend if the price of the oil goes up because if you can see between oil and bitcoin there's no connection, only fiat currency that affect if the oil price goes up or down but in crypto i think no.

[marcous]

I think it has nothing to do with oil prices, if seen from the previous history even bitcoin prices increased dramatically last year purely because of more and more demand with bitcoin supply that only 21 million.

[Vlack]

When the price of oil goes up then people have less money to buy goods, and people have to jack up prices. So less money to go around, so yeah, it can affect the amount people spend on everything, including cryptos.

[kenharry]

In as much as prices of Bitcoin and crude oil are not related, there is a slight influence an upward rise in price of crude oil which is energy has on commodities, including bitcoin. Just like Gold, an increase in its value will cause an increase in prices generally.When the economy is  reflated inflation will set in to mop up the excess  liquidity.

[microwave]

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?

Bitcoin is not connected to oil price high. The only affected is economy in small country like here in the Philippines. If that happen oil price value become higher than the price now, all filipino people suffered the the high price value of any kinds of goods, foods and all merchandise are going high price value so I hope it will stable in a low value of dollar.

[Realistmoon]

I don't see any connection. why should it influence the bitcoin price? I don't know as I m not expert but to my mind this will not make any difference to BTC. I think that it will show great potential very soon

[Rosilito]

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?

Is there a connection between the two? Well it would have once btc would be the payment for an oil exchange. It is somehow good on the other side. Why? Because once the oil per barrel price goes up it would downgrade the bitcoin value, then, it would giveway the chance for bitcoin price to goes up too, you get my point? Well that is only my merw theory though, I ain't sure if that is how things will go.

[renz0]

Definitely,when the oil goes up,it has nothing to do with the price of bitcoin.Bitcoin price basically depends on supply and demand in the market.So whatever the price of oil it may goes up or down, bitcoin is not actually affected.