el kaka22
Legendary
Offline
Activity: 3626
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 29, 2020, 08:00:17 AM |
|
For millions of Americans the very bad times already came in, if you are a person who have a solid job you will probably be fine, however people are at the bottom, people who make under 60k per year are getting screwed every single year.
There are over ten million people who are out of job, there has been over a million people who got infected and couldn't even work even if they had a job, there are probably a lot more people who had unpaid leave so they didn't lose their job but didn't get any money and if you look at the longer term everything gets more expensive whereas the salaries are standing pretty still. Unless some progressive comes in and changes something like Bernie Sanders could (there was Ron Paul from republicans so it is not a partisan thing) this will not be solved.
|
|
|
|
chip1994
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 868
Merit: 251
HEX: Longer pays better
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 29, 2020, 08:27:01 AM |
|
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?
Of course it will affect the crypto market in part. Falling oil prices indicate that the heavy industry is facing a huge production and supply problem. demand is still very low and this will weaken the economy over time. Service industries are now pulling the economy up but in the future, will they have the strength? I think not. Although the stock market and crypto are recovering well, I believe in the future it will fall once more. Be careful when trading during this period.
|
████████████████████ ██████████████████████ ████████████████████████ ██████████████████████████ ████████████████████████████ ████ ▀██████████ ████ ██████████████ ██████████ ████ ████████████████ ██████████▄ ████ ██████████████████ █████████▀ ██ ████████████████████ ███████ ███ █████████ █████ ███ ███████ ███████ █████ █████████ █████ █████ ███████████ ███ █████ █████████ ███ █████ ███████ ███ █████ | | | ● ● ● ● ● ● ●
| | | | ● ● ● ● ● ● ●
| | Powered by,
|
|
|
|
Xxmodded
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 2282
Merit: 315
SOL.BIOKRIPT.COM
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 29, 2020, 09:16:46 AM |
|
Ten days later for halving make bitcoin look raise up and keep continue several days later to see bitcoin have higher price, I think bitcoin most valuable assets and become profitable if invest bitcoin right now, just one week later for bitcoin halving to give chance for us and see how much price of bitcoin and altcoin.
|
|
|
|
Cratoon
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 883
Merit: 104
https://paradice.in/?c=bitcointalk
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 29, 2020, 10:20:43 AM |
|
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?
I believe crypto will only win from this, because in my opinion this will increase the legitimacy for crypto investements compared to oil futures
|
|
|
|
ecnalubma
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1540
Merit: 420
www.Artemis.co
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 29, 2020, 12:56:21 PM |
|
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.
That's the advantage of Bitcoin from other investments. Despite the current crisis Bitcoin still show strong indicators that it can move opposite from stocks and oil prices. Another reason that will drive Bitcoins prices high is the high demand for digital cash which fits Bitcoin and altcoins characteristics.
|
|
|
|
Vishnu.Reang
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 29, 2020, 03:06:22 PM |
|
I don't understand why the stock prices are getting affected by the drop in the oil prices. Apart from a few countries such as the GCC emirates, Nigeria and Russia, most of the other countries are importing crude oil from the oil producing cartels. So if the oil prices go down, it should actually benefit the economies of these nations (especially that of the United States).
|
|
|
|
Snappycoco
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 534
Merit: 19
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 29, 2020, 04:17:30 PM |
|
No. The oil price was depreciated due to global lockdown caused by the pandemic. These lockdown caused manufacturer who are using oil in their machines and car drivers to shutdown as well. Bitcoin is another kind of story.
|
|
|
|
wozzek23
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2020, 04:34:42 PM |
|
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?
Have you been watching the Bitcoin price? It was impacted earlier but the market has been recovering and going from one level to another. After the price fell to below $4,000, it quickly got back up to $5,000. The next thing it started circulating around the price of $5,000 and $6,000. Last week the price was stable at the price of $7,000 and today it moved to $8,900. So it’s growing and you don’t need to be told, it’s clear. I bet people who quickly sold their coins out of fear would be regretting they ever sold, because the price is now going back up. And those that saw $3,000 and $4,000 as a good opportunity to buy will be happy with themselves that they bought Bitcoin. I don’t know what kind of impact the halving will be having on Bitcoin. We are just a day into the month of May. Binance is showing a twelve days countdown to the Halving.
|
|
|
|
RealMalatesta
Legendary
Offline
Activity: 2338
Merit: 1124
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2020, 06:57:39 PM |
|
Seriously we have peaked at over 8k now, (dropped slightly less) and its still going strong. One thing for sure we can definitely say that bitcoin prices have nothing to do with Oil prices. Oil goes up or down and bitcoin is irrelevant, same goes with bitcoin as well.
Right now oil prices haven't recovered at all, right now WTI is about 14 dollars which is still not bad at all considering it literally 10 dollars, but 14 is nowhere near recovered only y a week ago it was 18 and that was really bad, just this year it was over 60 dollars, SIXTY dollars! Right now it "recovered" from 10 to 14. So, as you can see oil prices continues to be horrible but bitcoin recovers like crazy, its getting close to peak of 2020, and WAAAY over the year to date price of it.
|
|
|
|
saifoufa
Newbie
Offline
Activity: 27
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 30, 2020, 08:44:35 PM |
|
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?
crypto market is a relatively small part of whole economy (and of stock market in some way). So yeah it definitely will affect btc and other alts
|
|
|
|
Yatsan
Legendary
Offline
Activity: 2506
Merit: 1234
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 01, 2020, 06:02:48 AM |
|
Seriously we have peaked at over 8k now, (dropped slightly less) and its still going strong. One thing for sure we can definitely say that bitcoin prices have nothing to do with Oil prices. Oil goes up or down and bitcoin is irrelevant, same goes with bitcoin as well.
Right now oil prices haven't recovered at all, right now WTI is about 14 dollars which is still not bad at all considering it literally 10 dollars, but 14 is nowhere near recovered only y a week ago it was 18 and that was really bad, just this year it was over 60 dollars, SIXTY dollars! Right now it "recovered" from 10 to 14. So, as you can see oil prices continues to be horrible but bitcoin recovers like crazy, its getting close to peak of 2020, and WAAAY over the year to date price of it.
And don't forget that there's gonna be a halving and I am sure that after halving or during the halving the bitcoin price is going to go up like crazy! If you are gonna look at the price chart of bitcoin and search about the past halving you can see that every halving the price of bitcoin is going up! So if history repeat itself this time, then bitcoin will be fully recovered ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
EdvinZ
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 01, 2020, 08:28:53 AM |
|
As we saw earlier, the current pandemic has affected all markets. In the value of shares fell, oil, and cryptocurrencies. But Bitcoin has already returned to the price level it was at before the beginning of the pandemic. Most likely, this was influenced by the upcoming halving. Thus, despite the current economic crisis, each asset has its own price dynamics, which is determined not only by global economic events, but also depends on the individual roadmap and the demand for the asset in a specific time period.
|
|
|
|
STT
Legendary
Offline
Activity: 4018
Merit: 1435
☠ ☠ ☠ メメ
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 01, 2020, 11:38:54 PM |
|
drop in oil prices. Do you all think it will impact the BTC prices as well? In theory the oil price effects everything because most activities involve energy use. Reduce the cost of something by 90% and it should be a kind of natural stimulus if anything. Bitcoin is included in that as its very energy involved so far as I've read, it used to be years back and still is now I think.
|
|
|
|
jostorres
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 02, 2020, 04:01:54 PM |
|
Oil prices does affect some stock prices, probably not all of them but does affect some of it, specially the oil companies are obviously affected, but probably car companies are affected as well, there must be some others who are in direct relation, like airlines for example. However stuff like a bakery chain for example, or mcdonalds, or coca cola, or stuff like that which has nothing to do with corona nor oil will be affected for the long term, only a short term because people can't go outside but that's about it.
I assume bitcoin is more like those stocks, that has nothing to do with neither oil nor lockdown, bitcoin is financial commodity right now and that doesn't change just because people are at home, even better for it really because more people are looking at it.
|
| | . .Duelbits│SPORTS. | | | ▄▄▄███████▄▄▄ ▄▄█████████████████▄▄ ▄███████████████████████▄ ███████████████████████████ █████████████████████████████ ███████████████████████████████ ███████████████████████████████ ███████████████████████████████ █████████████████████████████ ███████████████████████████ ▀████████████████████████ ▀▀███████████████████ ██████████████████████████████ | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | ███▄██▄███▄█▄▄▄▄██▄▄▄██ ███▄██▀▄█▄▀███▄██████▄█ █▀███▀██▀████▀████▀▀▀██ ██▀ ▀██████████████████ ███▄███████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ▀█████████████████████▀ ▀▀███████████████▀▀ ▀▀▀▀█▀▀▀▀ | | OFFICIAL EUROPEAN BETTING PARTNER OF ASTON VILLA FC | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | 10% CASHBACK 100% MULTICHARGER | │ | | │ |
|
|
|
culuuton
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 03, 2020, 01:47:14 AM |
|
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?
Oil prices only have a partial impact in the current situation, it isn't the main cause heavily affecting the global stock market. Bitcoin won't be affected by the price of oil, the price displayed recently has proved that.
|
|
|
|
abhiseshakana
Legendary
Offline
Activity: 2324
Merit: 2272
From Zero to 2 times Self-Made Legendary
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 03, 2020, 03:21:34 AM |
|
I don't understand why the stock prices are getting affected by the drop in the oil prices. Apart from a few countries such as the GCC emirates, Nigeria and Russia, most of the other countries are importing crude oil from the oil producing cartels. So if the oil prices go down, it should actually benefit the economies of these nations (especially that of the United States).
This is because the price of oil is often used as a reference for leading export commodity prices as oil prices fall, so the prices of commodities such as palm oil and coal also fall. Crude oil prices do not always affect stock prices. But market expectations are often influenced by external sentiment, thus often overshadowing stock movements. The decline in world oil prices has an impact on low selling prices. So, the company reviews operational expenses and impacts on slowing oil and gas activities. This also affects the performance of oil and gas service companies. World oil prices have a negative and significant influence on the stock market. Oil is a vital need for production and consumption, a fall in oil prices means that demand is reduced, meaning the economy is slowing which impacts performance and corporate profits show unfavorable results, investors will sell their shares. This will certainly affect the stock price.
|
| | | . .Duelbits. | | | █▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄ | TRY OUR
NEW UNIQUE GAMES! | | . ..DICE... | ███████████████████████████████ ███▀▀ ▀▀███ ███ ▄▄▄▄ ▄▄▄▄ ███ ███ ██████ ██████ ███ ███ ▀████▀ ▀████▀ ███ ███ ███ ███ ███ ███ ███ ███ ▄████▄ ▄████▄ ███ ███ ██████ ██████ ███ ███ ▀▀▀▀ ▀▀▀▀ ███ ███▄▄ ▄▄███ ███████████████████████████████ | . .MINES. | ███████████████████████████████ ████████████████████████▄▀▄████ ██████████████▀▄▄▄▀█████▄▀▄████ ████████████▀ █████▄▀████ █████ ██████████ █████▄▀▀▄██████ ███████▀ ▀████████████ █████▀ ▀██████████ █████ ██████████ ████▌ ▐█████████ █████ ██████████ ██████▄ ▄███████████ ████████▄▄ ▄▄█████████████ ███████████████████████████████ | . .PLINKO. | ███████████████████████████████ █████████▀▀▀ ▀▀▀█████████ ██████▀ ▄▄███ ███ ▀██████ █████ ▄▀▀ █████ ████ ▀ ████ ███ ███ ███ ███ ███ ███ ████ ████ █████ █████ ██████▄ ▄██████ █████████▄▄▄ ▄▄▄█████████ ███████████████████████████████ | 10,000x MULTIPLIER | │ | NEARLY UP TO .50%. REWARDS | | | ▀▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄▄█ |
|
|
|
sheenshane
Legendary
Offline
Activity: 2450
Merit: 1229
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 03, 2020, 06:18:48 AM |
|
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?
Oil prices only have a partial impact in the current situation, it isn't the main cause heavily affecting the global stock market. Bitcoin won't be affected by the price of oil, the price displayed recently has proved that. The changes in oil prices affected everything and everyone for commodities can easily change the price depending on the crude oil which is necessary for production and transportation and because of that the stock market gets affected as well. Bitcoins and other cryptocurrencies though, digital and decentralized they may not be directly impacted by the oil price but when we take a closer look and understand it we will know how it can be affected either positively or negatively, IMO. The decrease in the oil price may give us a lower price in the commodities and will give us enough savings, therefore, we can invest more in bitcoin that will help the crypto market better and that is one positive effect of oil price to the crypto world. There might also be a negative impact, however, as of now the most important thing we need to be ready is the halving that will happen soon for most of us might get hurt on this and some may not be able to recover anymore.
|
|
|
|
Latviand
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 03, 2020, 08:44:15 AM |
|
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. I think there is a small impact about bitcoin;s price because oil's price is also regulated in the market. They are both manipulated in the market and somehow their demand is related because they are both material in the economy. The crisis in oil's price will surely affect a lot of matter and I know that it is not the easy to manipulate some assets when you know that oil's nowadays aren't in demand. This virus really affects a lot of aspects or sectors, especially those who are in a agricultural and financial sectors. The government will surely not focus on the production of oil and the use of oil because they know that the supply is plenty compared to other necessities like foods, mask ,and etc that can be used to find the pandemic.
|
|
|
|
STT
Legendary
Offline
Activity: 4018
Merit: 1435
☠ ☠ ☠ メメ
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 03, 2020, 10:01:30 PM |
|
World oil prices have a negative and significant influence on the stock market. Cheap oil benefits companies with cheaper energy costs. The oil company itself might not like it but the economy as a whole is gaining from this, in every market if the price is lower then you have winners and losers and it should never be all of one or the market is not likely valid. Bitcoin is a energy user, normally its gaining from some kind of remote or special use energy and transmits that value (partly) via the token value. Both in the mining use directly but also cooling could be considered as part of the energy usage, of course there is the manufacturing of the technology but thats harder to state. The reason stocks drop at the same time as oil in this case is they are both in reference to the underlying reasons which is lower business demand in the economy, so costs of oil or energy might be lower but the production demand is lower. Bitcoin might not have lower demand in this way, we're not sure but its costs are reduced and the process is more efficient presently I think.
|
|
|
|
FriedeFritz
Newbie
Offline
Activity: 21
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 03, 2020, 10:04:45 PM |
|
At the time of composing the digital resource is endeavoring to re-enter the $6,900-$7,260 zone where the cost went through the final 18 days exchanging. Re-entering this zone would be a positive step forward as the day by day chart appears underneath the VPVR tall volume hub from $6,850-$6,600 Bitcoin is defenseless to a drop to the $6,485 back and underneath this $6,200.
|
|
|
|
|