Bitcoin Forum
October 23, 2019, 01:34:25 AM *
News: Latest Bitcoin Core release: 0.18.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 [25]  All
  Print  
Author Topic: What happnes to BTC,if the oil price goes up?  (Read 1772 times)
iMark
Sr. Member
****
Offline Offline

Activity: 1148
Merit: 250

CryptoTalk.Org - Get Paid for every Post!


View Profile
January 26, 2019, 01:18:40 AM
 #481

If BTC price goes up, the number of new comers and new investors will increase as well, and the trading volume of Bitcoin will increase obviously, as a result. This will make BTC even much more attractive, and it will help to get the whole crypto market stable.


Yes it will be definitely profitable for BTC if the oil price increases then the people in the country will gain more income from that so it made them to invest and Bitcoin then only the Bitcoin will be developed like a pro so it could be a important thing also.
The questions is what is the correlation between rising oil and bitcoin prices rising? in my opinion there is no relationship between bitcoin and oil. when oil runs out though the internet will still run and you can still use bitcoin right?

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
CryptoTalk.org| 
MAKE POSTS AND EARN BTC!
🏆
1571794465
Hero Member
*
Offline Offline

Posts: 1571794465

View Profile Personal Message (Offline)

Ignore
1571794465
Reply with quote  #2

1571794465
Report to moderator
1571794465
Hero Member
*
Offline Offline

Posts: 1571794465

View Profile Personal Message (Offline)

Ignore
1571794465
Reply with quote  #2

1571794465
Report to moderator
1571794465
Hero Member
*
Offline Offline

Posts: 1571794465

View Profile Personal Message (Offline)

Ignore
1571794465
Reply with quote  #2

1571794465
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1571794465
Hero Member
*
Offline Offline

Posts: 1571794465

View Profile Personal Message (Offline)

Ignore
1571794465
Reply with quote  #2

1571794465
Report to moderator
1571794465
Hero Member
*
Offline Offline

Posts: 1571794465

View Profile Personal Message (Offline)

Ignore
1571794465
Reply with quote  #2

1571794465
Report to moderator
1571794465
Hero Member
*
Offline Offline

Posts: 1571794465

View Profile Personal Message (Offline)

Ignore
1571794465
Reply with quote  #2

1571794465
Report to moderator
3core
Jr. Member
*
Offline Offline

Activity: 148
Merit: 1


View Profile WWW
January 26, 2019, 01:47:02 AM
 #482

Bitcoin is not a regular fiat currency that is determined by an economic condition, Bitcoin is not attached to any regulated condition than demand and supply. It doesn't matter to Bitcoin if the price of oil increases or not.

ceteris paribus
/ˌkɛtərɪs ˈparɪbʊs/
raidarksword
Member
**
Offline Offline

Activity: 686
Merit: 11


View Profile WWW
January 26, 2019, 02:10:16 AM
 #483

Oil and bitcoin has different market prices and they decided the growth of supply and demand. Oil has a great factor of demand and supply hence they are used on daily basis by everyone. In the cases of bitcoin we are almost there to be widely used by everyone as well, we just need more push for us so that the world will see on how bitcoin can change the financial payment system in the future.
andriarto
Sr. Member
****
Offline Offline

Activity: 770
Merit: 250


I-CHAIN - The Revolution of Digital Advertising


View Profile
January 26, 2019, 02:30:55 AM
 #484

Oil and bitcoin has different market prices and they decided the growth of supply and demand. Oil has a great factor of demand and supply hence they are used on daily basis by everyone. In the cases of bitcoin we are almost there to be widely used by everyone as well, we just need more push for us so that the world will see on how bitcoin can change the financial payment system in the future.
I think so too, with market differences making both of them not related. but there is a country that is an oil producer, when oil prices fall, they experience a crisis so that their currencies become worthless, the solution is to replace fiat currency into cryptocurrency, it happens in Venezuela, but the way was taken because their fiat currency was worthless

           
          ████▄▄▀▀███▄▄▄
      ▄▀ █████████▄▄ ▀▀▄▄██
    ▄█▀ ████████▀▀▀▄▄  ▀████
  ▄██▌ ███▀▀▄▄▄▄████▌▐██▄▀██▌
 ▀▀▀   ▄▄▄██████████ █████▄▀█▄
▀███▌ ▄▄▀███████████ ███████▄▀
 ███▌▐███▄ ▀███████▌▐█████████
  ██▌▐██████▄▀▀████ ███████████
   █▌▐█████████▄▀██ ████▀▀▀▄▄
   ▀ ████████████   ▄▄▄▄████
     ██████▀▀▀▄▄▄█▄ ██████
     ▀▀ ▄▄▄████████▌▐███
             ▀▀▀▀▀██ ▀


████
██
██
██
██
██
██
██
██
██
██
██
████


████
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
████


▄▄████████▄▄
▄████████████████▄
▄████████████████████▄
███████████████▀▀  █████
████████████▀▀      ██████
▐████████▀▀   ▄▄     ██████▌
▐████▀▀    ▄█▀▀     ███████▌
▐████████ █▀        ███████▌
████████ █ ▄███▄   ███████
████████████████▄▄██████
▀████████████████████▀
▀████████████████▀
▀▀████████▀▀

▄██████████████████▄
██▀              ▀██
██                ██
██                ██
██    ▄▄▄▄▄▄▄▄    ██
██    ▀▀▀▀▀▀▀▀    ██
██   ▄▄▄▄▄▄▄▄▄▄   ██
██   ▀▀▀▀▀▀▀▀▀▀   ██
██                ██
██                ██
██                ██
██▄              ▄██
▀██████████████████▀
.
WP
▀ ▀▀▀

████
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
████



virasog
Legendary
*
Offline Offline

Activity: 1316
Merit: 1001


★777Coin.com★ Fun BTC Casino!


View Profile
February 01, 2019, 04:30:14 AM
 #485

If BTC price goes up, the number of new comers and new investors will increase as well, and the trading volume of Bitcoin will increase obviously, as a result. This will make BTC even much more attractive, and it will help to get the whole crypto market stable.


Yes it will be definitely profitable for BTC if the oil price increases then the people in the country will gain more income from that so it made them to invest and Bitcoin then only the Bitcoin will be developed like a pro so it could be a important thing also.
The questions is what is the correlation between rising oil and bitcoin prices rising? in my opinion there is no relationship between bitcoin and oil. when oil runs out though the internet will still run and you can still use bitcoin right?

This would imply that dollar will be de-esteemed, oil costs will be worth substantially more dollar and consequently bitcoin costs will likewise ascends because of increment in dollar rates.

Precisely what I was reasoning excessively that there is no connection among oil and bitcoin costs. The main think I see here is that the oil costs may rise not due to lack of Oil but rather on account of degrading of Dollar .

Genemind
Sr. Member
****
Offline Offline

Activity: 924
Merit: 253

CryptoTalk.Org - Get Paid for every Post!


View Profile
February 01, 2019, 04:38:51 AM
 #486

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's no relevance between the oil price and BTC price. It depends if a big investor of crypto is also an investor in oil market and they will withdraw a big amount of BTC to make up for their loss. However, there's no direct connection between the two.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
CryptoTalk.org| 
MAKE POSTS AND EARN BTC!
🏆
kkaroul4
Sr. Member
****
Offline Offline

Activity: 700
Merit: 250


View Profile WWW
February 01, 2019, 09:03:58 AM
 #487

there seems to be no change if oil experiences a large price increase because bitcoin and oil have nothing to do with it. so that the two will increase in price individually because there is no slight impact on both
Menawi12
Member
**
Offline Offline

Activity: 532
Merit: 10

The revolution of the erotic industry on Blockchai


View Profile
February 01, 2019, 01:05:11 PM
 #488

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's no relevance between the oil price and BTC price. It depends if a big investor of crypto is also an investor in oil market and they will withdraw a big amount of BTC to make up for their loss. However, there's no direct connection between the two.

I am agree there is no direct connection between oil and bitcoin. Oil price maybe affected by politics and manufacturing production and its not related with bitcoin because bitcoin is cryptocurrency.

RachelX ✦ 
❝ THE REVOLUTION OF THE EROTIC INDUSTRY
WHITEPAPER ✤ ─────  FacebookTwitterInstagram ⋆  Telegram ⋆  YouTube ⋆  LinkedIn  ───── ✤ BUY RACH
boty
Full Member
***
Offline Offline

Activity: 644
Merit: 100



View Profile
February 01, 2019, 04:37:08 PM
 #489

oil prices and bitcoin prices will never be able to have a relationship, they have very different characters and when the price of oil experiences an increase in prices it will not have an impact or influence on the increase in the price of bitcoin.

so it won't have a good impact and doesn't have a bad impact on bitcoin.

shoreno
Full Member
***
Offline Offline

Activity: 798
Merit: 103


★Bitvest.io★ Play Plinko or Invest!


View Profile
February 01, 2019, 11:24:03 PM
 #490

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's no relevance between the oil price and BTC price. It depends if a big investor of crypto is also an investor in oil market and they will withdraw a big amount of BTC to make up for their loss. However, there's no direct connection between the two.

I am agree there is no direct connection between oil and bitcoin. Oil price maybe affected by politics and manufacturing production and its not related with bitcoin because bitcoin is cryptocurrency.

Why not ?  If oil rise people will strugling to buy it but they will still buy it because oil is pretty important , we use it on our daily life  especially for cooking our foods  .   now if people bought the oil in high price , people wont now have the ability to buy bitcoins and even other cryptos  because they dont have enough cash anymore  .

jcarlo
Member
**
Offline Offline

Activity: 672
Merit: 10

The World's 1st Waste to Green Energy DLT Project


View Profile
February 02, 2019, 07:27:30 AM
 #491

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 is commodity and in few country, bitcoin is commodity too. I dont think oil price impact on bitcoin price because its very different. Oil is depend on world economic growth and bitcoin is peer to peer transaction cryptocurrency.

━━ ━     Whitepaper     ━ ━━ ━     E M J A C     ━ ━━ ━     One Pager     ━ ━━
●     ●         ●     The World’s 1st Green Renewable Energy DLT Project     ●         ●     ●
━ ━━━ ━      IEO on  Exmarkets & p2pb2b      ━ ━━━ ━      Telegram      ━ ━━━ ━
nur rochid
Full Member
***
Offline Offline

Activity: 686
Merit: 100


CurioInvest [IEO Live]


View Profile
February 02, 2019, 07:33:53 AM
 #492

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's no relevance between the oil price and BTC price. It depends if a big investor of crypto is also an investor in oil market and they will withdraw a big amount of BTC to make up for their loss. However, there's no direct connection between the two.

I am agree there is no direct connection between oil and bitcoin. Oil price maybe affected by politics and manufacturing production and its not related with bitcoin because bitcoin is cryptocurrency.

Why not ?  If oil rise people will strugling to buy it but they will still buy it because oil is pretty important , we use it on our daily life  especially for cooking our foods  .   now if people bought the oil in high price , people wont now have the ability to buy bitcoins and even other cryptos  because they dont have enough cash anymore  .
I think cooking is a routine, so that those who have large scale oil use are industrial. even so, I think that between bitcoi and oil has nothing to do with it. because both are different types of investments

Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 [25]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!