Quote from: exoton on December 20, 2014, 04:47:47 PM

Quote from: picolo on December 20, 2014, 02:17:09 PM

Quote from: exoton on December 20, 2014, 11:04:47 AM

Quote from: picolo on December 16, 2014, 07:27:19 AM

Quote from: worle1bm on December 16, 2014, 05:56:49 AM

Quote from: picolo on December 16, 2014, 05:50:15 AM

The Dollar, the Euro and the Yen are losing value, more people understand that they need a global currency that they can trust, maybe Gold or Bitcoin?

Hahahahaha

Dude. What was the price of Bitcoin January 1st, and what is it today? Are you blind?

About 800$ on January 1st and 340$ now, nothing to worry about! It was about 14$ on January 1st 2013.

Oil was as high as 107$ a barrel (for wti) this year and is now 55$, oil is not doomed Grin

Supply/Demand...

The only real reason why these two numbers are correlating is because there is less money generally flowing into speculative investments as the fed has stopped pouring massive amounts of money into the economy via QE. The prices of bitcoin and oil are not related over the long term

We have to wait to see if they are correlated or not. Oil and Bitcoin are two scare commodities.

There is no reason for them to be correlated. They are used for two very different purposes. You cannot use bitcoin to directly power your car/train/plane just like you cannot use oil to send money around the world or to pay for things

Correct but assets that are used for different purposes can be somewhat related. Oil and Bitcoin are two scare resources with increasing demand and a supply that goes up only slowly