BTC and Stock vs Oil price

[Malvika_sitlani]

The stock market is impacted heavily due to the drop in oil prices. Do you all think it will impact the BTC prices as well?

[Helena Yu]

Does we should have similar question? https://bitcointalk.org/index.php?topic=5242499.0 or https://bitcointalk.org/index.php?topic=5242520.0 or https://bitcointalk.org/index.php?topic=5242239.0

[Wenbing]

My point is plain.
Btc, stock and oil are all measure of value and tools in the hands of investors.

An investors in crude oil who also invest in bitcoin will be affected this time if he has investment in crude oil. This will lead to less demand for bitcoin from him.

So, everything of value is interconnected in various degrees someway.

[Charles-Tim]

The stock market is impacted heavily due to the drop in oil prices. Do you all think it will impact the BTC prices as well?

Our focus now is on bitcoin halving, not on oil affecting bitcoin market price. I hardly see any connection, the crude oil is now very low but bitcoin can not be affected. The price may even increase as well as it moves towards halving against what analysts are predicting.

[bakasabo]

The stock market is impacted heavily due to the drop in oil prices. Do you all think it will impact the BTC prices as well?

Our focus now is on bitcoin halving, not on oil affecting bitcoin market price. I hardly see any connection, the crude oil is now very low but bitcoin can not be affected. The price may even increase as well as it moves towards halving against what analysts are predicting.

Take a look on oil price on March 12-14 and on bitcoin price on March 13-15. Dont you think these two price drops are connected? I will never believe that bitcoin's recent price drop happened by itself.

I'm not saying that bitcoin price primary relies on oil price, but these two sure are connected.

[Darker45]

The stock market is impacted heavily due to the drop in oil prices. Do you all think it will impact the BTC prices as well?

Our focus now is on bitcoin halving, not on oil affecting bitcoin market price. I hardly see any connection, the crude oil is now very low but bitcoin can not be affected. The price may even increase as well as it moves towards halving against what analysts are predicting.

Take a look on oil price on March 12-14 and on bitcoin price on March 13-15. Dont you think these two price drops are connected? I will never believe that bitcoin's recent price drop happened by itself.

I'm not saying that bitcoin price primary relies on oil price, but these two sure are connected.

Any price drop of Bitcoin does not happen by itself because there are so many factors out there coming into play. If by itself you mean that it just drops for no external reason at all. Bitcoin is more than a hundred-billion market, and a public one, it does not just drop significantly without large players playing the game.

But I don't think it has something to do with the price of oil. I cannot see a connection. Why does Bitcoin's price fall when oil price falls? In what way should they be connected?

[lepbagong]

My point is plain.
Btc, stock and oil are all measure of value and tools in the hands of investors.

An investors in crude oil who also invest in bitcoin will be affected this time if he has investment in crude oil. This will lead to less demand for bitcoin from him.

So, everything of value is interconnected in various degrees someway.

epedemic corona which requires silence at home so that oil consumption is reduced and production continues. so the stock is quite a lot resulting in world oil prices plummeted.
but it does not show a correlation between the drop in world oil prices and bitcoin because of the difference, that world oil payments use US $ and there is no direct impact with bitcoin. bitcoin has a different way of applying that there is no payment for world oil transactions using bitcoin.

Do investors who use bitcoin also play in world oil purchases? can not be ascertained and still have to explore more.

[Kemarit]

The stock market is impacted heavily due to the drop in oil prices. Do you all think it will impact the BTC prices as well?

No, I don't think that there are connections whatsoever. Very different set of investors, and I'm sure crude oil investors are very old and traditional like Warren Buffett mind-set. Just sad to see that crude has been impacted by the pandemic, even plunging into negative numbers (theoretically). But we have to face the consequences of it. Or at least those investors or the market itself will have to re-adjust. One thing we have noticed about crypto market is that it is on a swing, very volatile that's why the impact is not that obviously. Of course we went into $3800, but we have bounce back already.

[michellee]

I only think about the investor of stock and oil cash out their money, and they try to invest in bitcoin

If the investor invests in bitcoin, then that can give a boost for bitcoin price to increase, although I don't know what is happening. But if that really happens, then that could help bitcoin to rise even is not significant. But we cannot deny if bitcoin got impact from what is happens in the real-life market when people afraid to see what is happening now, they are trying to search for another investment.

[coingecko]

This was a Q1 snapshot that we have recently done comparing BTC vs Gold vs S&P500 vs Oil
Since the oil plunge last few days, when we revise the graph things are going to look even more drastic

[drlukacs]

The stock market is impacted heavily due to the drop in oil prices. Do you all think it will impact the BTC prices as well?

In fact, the price of BTC will move according to the stock market. Stock market is a signal that the cash flow of investors is moving strong or weak. If the market is green, it means that many investors are looking for opportunities and are willing to spend money, so Bitcoin will increase in accordance with the general trend of the stock market. As for oil prices, due to many days of social isolation around the world, the movement is not frequent. causing oil demand to plummet and storage to be nearly full. that's the main reason oil prices fell to negative levels.

[AniviaBtc]

The stock market is impacted heavily due to the drop in oil prices. Do you all think it will impact the BTC prices as well?

Our focus now is on bitcoin halving, not on oil affecting bitcoin market price. I hardly see any connection, the crude oil is now very low but bitcoin can not be affected. The price may even increase as well as it moves towards halving against what analysts are predicting.

Take a look on oil price on March 12-14 and on bitcoin price on March 13-15. Dont you think these two price drops are connected? I will never believe that bitcoin's recent price drop happened by itself.

I'm not saying that bitcoin price primary relies on oil price, but these two sure are connected.

Any price drop of Bitcoin does not happen by itself because there are so many factors out there coming into play. If by itself you mean that it just drops for no external reason at all. Bitcoin is more than a hundred-billion market, and a public one, it does not just drop significantly without large players playing the game.

But I don't think it has something to do with the price of oil. I cannot see a connection. Why does Bitcoin's price fall when oil price falls? In what way should they be connected?

These are both huge in stock market that's why I think they are somehow related to each other when it comes to affecting the price.  Bitcoin is very volatile and the market but other stocks are not that volatile but still there are changes in their price over time. Bitcoin are easily affected by a lot of factors such as demand, because we all know that demand can affect all of the stocks in the market. Other one is the volume of people in the market, how people manipulate it, and a pandemic like this.

Do you think that this pandemic affects the bitcoin price? In March, bitcoin really have a huge crash in its price and it is not easy to manipulate bitcoin that time because some of the holders are panic selling. It is too obvious that bitcoin can be affected by the events that we are experiencing right now. Market really have a hard time to recover from the damage in the economy brought by the virus. It is just the same on what's happening in the oil's price.

[davis196]

The stock market is impacted heavily due to the drop in oil prices. Do you all think it will impact the BTC prices as well?

1.The same question has been asked a few days ago in another thread.Comment there instead of creating new forum posts about old questions.
2.Anyway,to answer your question:Are you currently tracking the current BTC and oil prices?If yes,then your question is pointless.The BTC price isn't moving anywhere,there's no impact from the lowest oil price in the past 20 years.There's no connection between those markets and there never will be.
For some reason,the current situation around the Oil markets is a trending topic here,but we,after all,are a cryptcurrency forum,not a forum about oil production and oil markets.

[Findingnemo]

Bitcoin is not owned by any government or company nor by any individual as well so it has less chance of getting affected by oil price war and crisis. Only governments which produce oil barrels and companies who invested on those countries will get affected a lot.

[Naida_BR]

The stock market is impacted heavily due to the drop in oil prices. Do you all think it will impact the BTC prices as well?

Cryptocurrency market seems not to be affected by the crisis in the oil market.
The stock market is directly affected as oil is traded in those markets as a commodity, something that doesn't happen in the cryptocurrency market.

[Darker45]

The stock market is impacted heavily due to the drop in oil prices. Do you all think it will impact the BTC prices as well?

Our focus now is on bitcoin halving, not on oil affecting bitcoin market price. I hardly see any connection, the crude oil is now very low but bitcoin can not be affected. The price may even increase as well as it moves towards halving against what analysts are predicting.

Take a look on oil price on March 12-14 and on bitcoin price on March 13-15. Dont you think these two price drops are connected? I will never believe that bitcoin's recent price drop happened by itself.

I'm not saying that bitcoin price primary relies on oil price, but these two sure are connected.

Any price drop of Bitcoin does not happen by itself because there are so many factors out there coming into play. If by itself you mean that it just drops for no external reason at all. Bitcoin is more than a hundred-billion market, and a public one, it does not just drop significantly without large players playing the game.

But I don't think it has something to do with the price of oil. I cannot see a connection. Why does Bitcoin's price fall when oil price falls? In what way should they be connected?

~snip~

What I am pointing out is that I cannot see any relevant connection between Bitcoin's price and oil's price. It does not mean that since the price of Bitcoin was going down on the exact day when the price of oil hit the bottom, the former must be absorbing the impact of the latter. That does not make sense to me.

Of course, both markets are affected by the current crisis. I am not arguing against that. This is a global crisis that must have affected all the markets in one way or another. But I don't think Bitcoin will suffer the way oil suffered. Their markets are not that closely intertwined.

[sunsilk]

All markets are being stomped by this pandemic but I don't think that there's correlation for bitcoin and oil markets. They are separate markets. The latest news about oil was that it plunged to negative.

Yet, we see bitcoin stable to $6,900 - $7,000.

[Iyanjr]

All markets are being stomped by this pandemic but I don't think that there's correlation for bitcoin and oil markets. They are separate markets. The latest news about oil was that it plunged to negative.
Yet, we see bitcoin stable to $6,900 - $7,000.

I do not share this opinion because I can't believe one currency can exist separately from another.
We have one big world economy which incudes stocks, oil, cryptos and fiat.
One changes and it will influence other ones for sure.

[bitgolden]

Stock prices and bitcoin prices are a bit related because they are both (unfortunately) related to people wanting to make more money. You are not going to be part of apple and somehow get a free iphone just because you own a lot of apple stocks, you can have a billion dollars worth of apple stock and nobody is giving you free iphone for it, which means you are only doing it for the profits and nothing else.

Oil is not like that, oil is actually bought and sold for usage, you buy oil so you can do something with it, and right now there is not a lot of companies who uses oil actually buys it since a lot of them are closed due to corona virus. So I would say bitcoin and stock prices are somehow related but oil is totally different than both of them and changes are irrelevant.

[carter34]

The stock market is impacted heavily due to the drop in oil prices. Do you all think it will impact the BTC prices as well?

In all that you have listed, I think that stock will be the most affected between bitcoin and stock I mean here. The stock is cash base while bitcoin is digital. You can comfortably trade or buy bitcoin from home which is the routine thing but for stock, I don't think it is totally linked with online. Anyway, my view is that stock will suffer more than bitcoin. Bitcoin price is already increasing.