Should the Crypto Community Be Worried About the Oil Crash?

[ChiBitCTy]

Right now I think this is a very good question to be asking.  My answer to this question as a financial guy by trade, is yes, oil could certainly be something the cryptocurrency community could or should be worried about.  The reason being is pretty simple.  Often there are times in the financial markets where Oil is a leading indicator of how stocks will bounce (whether up or down).  Back in roughly 2016 seemingly every day the markets would flow regardless of all else, exactly on the news of Oil it's self.  Love it or hate the cryptocurrency market is often effected by the price of stocks and the markets themselves.  Just take a look at the past year and it's easy to see this trend.  With the halving coming up, I'm really hoping for stable stock markets (which are right not closely related to oil markets).

[ecnalubma]

As far as the market is concerned it looks like Bitcoin is not really affected by the oil crashed. But the sudden crash could impact positive and negative effects. On positive side yes we can buy cheaper oil but on negative side if prices don’t recover a lot of oil companies will begin to shut down and slowly affecting businesses.

[Xxmodded]

Why have to worried about the oil crash for bitcoin price, not connected with oil have higher or lower price for bitcoin. When on the top price they are not waiting will oil have higher price too. Different method and system between oil and bitcoin, just investor take care with bitcoin how will going on.

[Galley]

There can be no special connection between oil and bitcoin. The previous big drop in oil prices occurred long before the birth of Bitcoin. And the fault was not at all economic problems, but big politics. And now everything revolves around this.