Saudi Oil and how the recent attack may affect Bitcoin

[qiwoman2]

where do you think btc will go?

I think we are going to go more south but I could be wrong. I am waiting for a few indications to confirm a bear trend before confirming, but it does look to me that we are going to go below four thousand bucks over the coming days or weeks. I made a little profit trading today so I put that profit straight into Tether as I am not going to risk losing my profit. Even 40 bucks in Tether is safer than losing another 30/50% in Bitcoin right now. When a bottom is confirmed then I might go back in and buy a little Bitcoin and if I can make enough together put it in Nexo get a loan and tether it to hedge the loan off. Ideally, I want to trade enough to gather funds to have one whole Bitcoin one day and just leave it be. If it ever moons then it might be nice to do something with it like buy real estate to rent out.

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[Duzter]

The recent blast on Saudi Oil companies has caused a heavy disturbance to the economy. More and more country's economy is completely dependent on the oil industry. By that time a small fluctuation took place in the bitcoin market, causing the price to fall low to $9500. In a very short time period the market got recovered and now once again price has fallen reaching $8000.

[yoseph]

The recent blast on Saudi Oil companies has caused a heavy disturbance to the economy. More and more country's economy is completely dependent on the oil industry. By that time a small fluctuation took place in the bitcoin market, causing the price to fall low to $9500. In a very short time period the market got recovered and now once again price has fallen reaching $8000.

I am sure that those who are forex traders and bought oil will receive some good profits from their businesses,  but I really don't see any correlation between the attack on the Saudi Oil base and Bitcoins,  remember that when oil ships were being attacked on the strait of hormuz, it actually brought neither negative or positive impact on Bitcoins.

[voltesbit777]

Saudi oil has no relevant to affect bitcoin, on which I agreed to some said here on your topic. Bitcoin was based on blockchain technology
while Oil was too differ unto it. Perhaps, if you buy oil at the lowest price for sure you could earn more than the amount you purchase but
not in bitcoin for sure dude it has no connection with it, very irrelevant.

[nara1892]

It might indirectly affect the price of bitcoin a little and a while

while the stock market, I don't know much about that ... but maybe it's just a coincidence