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Author Topic: What happnes to BTC,if the oil price goes up?  (Read 1378 times)
Portia12
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September 08, 2018, 03:37:48 PM
 #441

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, the price of the oil does not affect cryptocurrency because they did not share the same industry as well as the market prices.

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September 08, 2018, 04:39:35 PM
 #442

in my opinion there will be no effect on bitcoin if the price of oil becomes more expensive. bitcoin can only be influenced by investors and traders, but good news and bad news about bitcoin can also affect the price of bitcoin.

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September 15, 2018, 07:53:51 AM
 #443

When oil price changes the prices of whole commodities changes. When people have more money then will invest more and when they have enough money to overcome their financial needs they will invest little.
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