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

[sopanbmp]

Many people say it's don't have a connection between the price of Oil and bitcoin, in my opinion it self that depends on individual finances. if you save your money in bitcoin or your job is 100% in crypto yes it should have an effect on the value. considering the price of bitcoin it self is very fulculatif.

[kiloiko]

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?

First, these two things are different from each other and there are different people investing in either of them. So if the price of Bitcoin either goes up or down, I don’t see it affecting Oil price in any way. That’s also the same thing with Oil, if the price goes up or down, it will not affect Bitcoin in any way. They are both different as I said.

[kive2k]

I never thought about it and did not pay attention to it, it's very interesting. It is necessary to conduct an accurate analysis as far as possible and then maybe we will see a trend.

[sublime5447]

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 see any relation between Bitcoin and oil, Bitcoin’s price won’t be affected or maybe even if it affected the price won’t move too much. This indirect relation of Bitcoin to altcoins is directly related to oil, Petrocoin for example. But I am open-minded to every possibilities and the theory that exists.

[Kambala07]

I do not think that bitcoin and oil prices are related in various ways, they both have different markets and different investors, oil is something important and hence has a limited price the price will always be increased, somehow bitcoin works but both operate on different levels, because people who invest in oil are not the same people who invest in bitcoin.

[Kray]

I wouldn’t say it have no influence at all, but very little. Probably because many of Bitcoin investors are playing in petroleum too, they will sell their Bitcoin when the petroleum is giving faster profits than waiting for Bitcoin’s price to soar again, it could causing the price to decrease and then increases back if the investors succeed in the petroleum.

[no0dlepunk]

I don't get it my friend. People who invests in oil commo's are not the same to those who hodls bitcoins. SO basically if the oil price rockets to the moon, we don't care about it, do we? Well, unless we own a Lambo of course. ha ha!

[boh1215]

does not seem to be problematic with BTC if oil prices goes up, because they are different.

[stayeduptolate]

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 this is good for bitcoin because what I personally think is that the valuation of all these stocks and forex are interlinked with all crypto currencies, as you are saying that if the valuation of oil will rises then in turn the valuation of bitcoin also inflate because the market demand of bitcoin will increase as the valuation of oil is rising , people starts investing into oil more and there they will get more profit and then in turn can invest into bitcoin and can earn more profit.

[tonyvo2017]

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 barrels will lead to higher prices for Bitcoin. Its value grows as the way that gold grows year by year. In some countries, rising oil prices will hurt the value of their currencies. But for Crypto, I think they will adjust prices reasonably with rising oil prices. That is my personal opinion.

[oo666oo]

I really cannot imagine a relation between oil price and Bitcoin price. With the same logic I could ask:

What happnes to BTC, if the coffee price goes up?
What happnes to BTC, if the real estate price goes up?
What happnes to BTC, if the water price goes up?

It doesn't make a lot of sense...

[Andrew S]

The price for bitcoin does not depend on the growth or decrease in the price of oil.  Bitcoin is for nothing fixed and has no basis.

[Victorik]

This will certainly have impact on bitoin. Since cash will be more available in the sector, some of the oil workers will buy into Crypto market. And also we might even see the government of Venezuela pumping money into Crypto, this generally will lead to increase in general market cap and cause a spilke in BTC price. 

[CHENIEN]

There's no conflict between oil price and bitcoin price, because the control system are far different from it's business status line, oil businesses are form of transparency management that proctected with the control of government people, unlike bitcoin it is form of hidden leadership by the creator and no one can give the accurate leadership and control on this business, and it is a form of decentralized business.

[rainezerr]

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?

In my own opinion, oil prices wont affect cryptocurrency market because the economy of bitcoins is different from the raw products but if there is an ico that is related to oil then probably that token's value will be affected.

[Escf4]

If the oil price goes up in the oil market ,it does not change the price of the bitcoin , because the rise and fall of prices of bitcoin have certain factors that effects its price market value ,

[JMD07]

I don't see any connection of the price of bitcoin from the price of oil as they are in a different business group. Maybe at the miners side but not a higher impact as most miners are using the renewable energy.

[tanghere02]

I dont see any relevance of the oil prices and bitcoin in my own honest opinion. But it may connect with how people use their money when they get to work and the amount of money they are able to invest or what is left with the oil prices that are increasing as well but other than that I dont see any connection between the two.

[xyzone]

I am not sure if there is any increase in oil with bitcoin prices. I think with rising oil prices will affect fiat stocks around the world. has anyone proved it?

[Red Fish]

Oil prices can not go down due to fact, that there are a lot of oil reserves. Plus if cars use less fuel, that means that oil price can also go down. Of course oil price can change during the year, but then it will return in previous position.