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

[aleksnutis]

The growth of oil prices will have a positive effect on the economy of the oil producing countries and vice versa, respectively. In the market of crypto currency it doesn't affect in any way.

[112tigra112]

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 can hardly imagine what is the dependency with to those things, it is kind of similar for me like that topic which says that cryptocurrency price will go up when the world wide cup of soccer will end.

[regnidorhcs]

I don't think something will happen to Bitcoin, I think there will be no effects on Bitcoin if ever there will be any changes on the oil price. I believe that the price of the oil has some effects on fiats and not on cyrptos. I just don't see any correlation between Bitcoin and the oil price hike.

[BerneirBTC]

Can explain this way. Gasoline prices rise -> high inflation. It will greatly affect the trend and value of bitcoin and crypto. I think market value will increase if gasoline prices rise.

Its just a digital currency and in order to access we have to use internet connection.Oil is just a viscous liquid derived from petroleum. No big connection between the two.

[BrookeClarke]

Show the price and the bit for the following link for much. The price of the price will be only, the interworking is only then one. Bitcoin depends on the other elements

[MarieMoore12]

If oil prices rise, bitcoin prices will also increase, but not significantly. The market price of oil, though, is going up, and bitcoin prices are going well.

[Kingsingle]

These two areas are not interrelated and they work in isolation, in my opinion, in the future, the price of BTC will increase and the price of oil will decrease and vice versa.

[FurDich]

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 opposite thing will happen . The bitcoin price will going deeper an deepr because it affects the oil price while the oil price will be increasing and will double the btc price .

[tukang_rosok]

I don't see any correlation between the oil price and cryptocurrency price. The cash flow between the two seems very separate. Both are affected only by their own supply and demand. The only relation they have would be how much you're going to pay for gas with equivalent amount of crypto.

we need to learn intermarket correlation analisys if we want to find it.in my opinion it has undirect correlation between cryptocurrency and commodity market.usually fund manager always find new portofolio that give them profit.

[Nabilo]

I don't see any correlation between the oil price and cryptocurrency price. The cash flow between the two seems very separate. Both are affected only by their own supply and demand. The only relation they have would be how much you're going to pay for gas with equivalent amount of crypto.

Me either as I always see cryptos and economics differently like even bitcoin surge it doesn't have direct effect to it so i don't see where are you coming from. And OP, I wanna hear out your theory about this like maybe I missed something tho. So have a follow up post regarding this.

I Don't get it since when bitcoin and oil start effecting each other?
Bitcoin is just online digital currency better know internet currency where oil is just a materiel of  green moss, human hair, sand, natural sponge, sawdust and wool.
What's the combination of both ? Maybe someone gives you false knowledge about bitcoin there's no connection of bitcoin with oil.

[rose8963]

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.

[farosa]

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.

[Lorence.xD]

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.

[patz22]

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.

[Ikay]

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.

[DeepestOnion]

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 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.

[NewRanger]

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.

[gerald246kru]

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

[jsrenthourse]

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?

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.

You have wrong. Demand and supply depend entirely on factors like good news and bad news. Rising oil prices mean that gold prices are rising. The price of gold increased, causing large numbers of people to hold gold to sell gold and to transfer money to the electronic money market and buy bitcoins, which made the bitcoin prices soar

[ablelester]

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?