Quote from: stompix on March 15, 2022, 02:30:54 AM

The topic was about the imaginary $200 for the barrel of oil that will bankrupt Europe, in case you've forgotten your first phrase of the starting topic.

The main topic is effects of "soaring prices and fiat depreciation is on bitcoin price". The part about $200 per oil barrel is mentioning some possibilities that are discussed among analysts. I didn't think a detail would mislead some readers to focus on that part and ignore the topic.

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Btw, what happened to the oil price lately?

A lot of interesting things actually. But only if you are not zoomed in one short term volatility.
[I'm not an oil market analyst so these are just my thoughts.]
The recent events proved once again that there is a concerning level of oil (gas, etc) shortage in the world otherwise those who kept threatening Russian sanctions would have moved ahead and actually sanctioned Russia's energy exports.
The global spare oil production capacity has also been shrinking that is going to continue being a contributor to increasing oil prices.

Regardless of the recent short term volatility the oil price has been rising for a long time. It was about $20 mid 2020 and kept on rising in the past 2 years and it was about $90 before Russian invasion even began (reminder: long term). Interestingly this 350% rise is something that some people don't want to see.

The recent short term volatility is not so different from what we see (maybe in an exaggerated way) in bitcoin. The emotional market behavior doesn't define the overall trend.
For example the jump was the emotional response to a couple of events one of which was Russian invasion and the media's super coverage. Similarly the panic sell is the emotional response to a couple of events including the Russian negotiation and the news about UK buying 2 of their spies from Iran for half a billion dollar that signals possibility of Iran's oil coming back to European markets.

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With everything that is basic for living everywhere in the world the amount of money people afford to invest is going down the drain while the amount of money they have to pull from under the sofa is growing. Common, use logic!

I respect your opinion but as I explained my observation of inflations is different. I have always seen enough number of people investing their fiat into certain assets that actually increases their price.

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The first jump happened in February 2021 and the second in November...how did the price fare from February 2021?

LONG TERM price from February 2021 to April went up and reached a new ATH. The 16% drop in last week of February is irrelevant since risen costs of everything didn't go back to normal after that week whereas bitcoin price kept rising for about 3 months.
The fact that your theory doesn't work for the February case, you can't use it for November either even though price hasn't gone back up yet.