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Author Topic: Bitcoin for Oil and Gas  (Read 13740 times)

Offline Fenix

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Re: Bitcoin for Oil and Gas
« Reply #45 on: June 09, 2022, 04:16:31 PM »
So, the sixth package of EU sanctions came into force. A partial embargo on Russian oil has been introduced, it will not yet apply to some countries of its imports through pipelines. However, by the end of this year, Europe's oil consumption should fall by 90 percent. Also disconnected from SWIFT is the largest bank in Russia, Sberbank, and some other Russian banks.
In addition, Europe is already preparing the seventh package of sanctions, which will concern the embargo on Russian gas. In this regard, Russia expects big shocks in the economy. Bitcoin will no longer save her, since the movement of large volumes of oil and gas is easily tracked, which means that the issue is no longer payment, but transportation.

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Re: Bitcoin for Oil and Gas
« Reply #45 on: June 09, 2022, 04:16:31 PM »

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Offline mahadev

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Re: Bitcoin for Oil and Gas
« Reply #46 on: June 10, 2022, 08:36:43 PM »
always nice to heard about this information, If bitcoin will accept for oil and gas payment.
Although, I think It will make Russian has new problem, because bitcoin is unstable.
But It's good for bitcoin and crypto market.
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Re: Bitcoin for Oil and Gas
« Reply #47 on: June 11, 2022, 07:56:27 AM »
when bitcoin becomes an important tool to help facilitate transactions for the purchase of oil and gas it is certain that it will provide many changes and of course for bitcoin price movements will increase because more and more people will want to buy bitcoin and it will be increasingly difficult to get bitcoin.

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Offline Ghozrd

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Re: Bitcoin for Oil and Gas
« Reply #48 on: June 11, 2022, 08:37:43 AM »
If Bitcoin is used to pay for gas and oil, then the Bitcoin price will increase due to the increasing number of requests, for the issue of war, I think the payment option is done because Russia is getting a lot of sanctions from the west, but strangely, as I see it, when America attacked Iraq, Libya and Syria, then Israel attacked Palestine, all countries did not give those two countries sanctions, the conclusion is, I agree Bitcoin is used for payments, because that is the main purpose of Bitcoin.
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Re: Bitcoin for Oil and Gas
« Reply #49 on: June 11, 2022, 02:44:01 PM »
I don’t understand at all why it is believed that the Russian government can accept bitcoin as payment for the supply of its oil and gas. When these rumors appeared, the Central Bank of Russia immediately declared that these rumors were groundless. After the partial and ever-increasing embargo of the EU countries against Russian oil, as well as the impending embargo as the seventh package of sanctions against Russian gas, Russia is faced with the task of selling its oil and gas even at a cheap price and for any currency.
However, since Sberbank of Russia was recently disconnected from the SWIFT payment system, and the payment system for any goods and services was significantly disrupted, it is possible that they will still pay attention to bitcoin or another cryptocurrency.

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Re: Bitcoin for Oil and Gas
« Reply #50 on: June 27, 2022, 01:11:27 PM »
when bitcoin becomes an important tool to help facilitate transactions for the purchase of oil and gas it is certain that it will provide many changes and of course for bitcoin price movements will increase because more and more people will want to buy bitcoin and it will be increasingly difficult to get bitcoin.

What you say would be normal in a context in which the war was not present. If now the Russian government accepted Bitcoin and other cryptocurrencies as payment, things would be very different. After all the sanctions that Russia is receiving from many countries, I think that the least interesting thing for the crypto industry is that Bitcoin is put in the eye of the hurricane, the entire industry could become collateral damage in a short time, and that would be a big problem.
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Re: Bitcoin for Oil and Gas
« Reply #51 on: June 27, 2022, 06:11:39 PM »

In my opinion, oil and gas is of great importance to all the countries.
 There is an absolute necessity. Because all the exports are done from oil and gas. They are widely consumed in all countries. If even 50% of the country starts the trend of bitcoin in oil and gas, then the market of bitcoin will go up very fast, which will shine in the cryptocurrency. Recently, Russia and the UK do this during the war. Good luck to bitcoin and altcoins




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Re: Bitcoin for Oil and Gas
« Reply #51 on: June 27, 2022, 06:11:39 PM »


Offline Astra

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Re: Bitcoin for Oil and Gas
« Reply #52 on: June 28, 2022, 07:38:42 PM »

In my opinion, oil and gas is of great importance to all the countries.
 There is an absolute necessity. Because all the exports are done from oil and gas. They are widely consumed in all countries. If even 50% of the country starts the trend of bitcoin in oil and gas, then the market of bitcoin will go up very fast, which will shine in the cryptocurrency. Recently, Russia and the UK do this during the war. Good luck to bitcoin and altcoins
These are just your fantasies. In reality, this is unlikely to ever happen. States do not accept bitcoin or other decentralized cryptocurrencies for their domestic or international payments. One would hope that this will happen in the future, but states will soon be massively issuing their own digitized national currencies (CBDC), which will have the advantages of digital currencies, but will not have their high volatility. In addition, it will be their own currency, only in digital form. Therefore, they will be given preference. In some cases, a special regional CBDC will be created for settlements between states in the same region. In extreme cases, settlements in bitcoin or other cryptocurrencies are possible to circumvent sanctions in the conditions of banks being disconnected from SWIFT, however, in this case, these trade transactions will be carried out without any publicity.

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Re: Bitcoin for Oil and Gas
« Reply #53 on: July 29, 2022, 05:23:52 PM »
Russia's military invasion of Ukraine has been going on for the sixth month. Approximately the same time, tough international sanctions against this country were introduced. But so far, we do not hear that Russia is using cryptocurrency in order to circumvent the imposed sanctions. Moreover, after the appearance of such rumors, the Central Bank of Russia immediately denied the possibility of settlements in bitcoins or other cryptocurrencies. But the sanctions will continue for a long time and intensify until Russia stops its aggression and the defeated remnants of its army leave the territory of Ukraine. So it's still possible.

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Re: Bitcoin for Oil and Gas
« Reply #54 on: July 30, 2022, 10:17:24 AM »
Bitcoin is a great coin and this coin go high soon but the oil price will not go high like the BTC price. Crypto is a great market and this time so many peoples which are going to be high the price of the BTC they sell their coins because they hold their coin and this is the best time to buy the coin and hold it.

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Re: Bitcoin for Oil and Gas
« Reply #55 on: August 11, 2022, 01:39:03 PM »
Bitcoin is a great coin and this coin go high soon but the oil price will not go high like the BTC price. Crypto is a great market and this time so many peoples which are going to be high the price of the BTC they sell their coins because they hold their coin and this is the best time to buy the coin and hold it.

if there is an increase, it is certain that the price of oil will also rise if there is an economic crisis, but maybe you are right that the increase is not as much as what bitcoin can do which is likely to increase many times, if oil is clear the increase is still meSPAM BANble even though it increases sharply.


about the time when to buy bitcoin, it is certain that there will be many perceptions, if indeed now is the right time to buy but in fact whenever we buy bitcoins it can certainly increase from when we buy, because bitcoin will continue to increase every time. so feel free to keep buying and holding it.

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Re: Bitcoin for Oil and Gas
« Reply #56 on: August 11, 2022, 04:03:06 PM »
Bitcoin is a great coin and this coin go high soon but the oil price will not go high like the BTC price. Crypto is a great market and this time so many peoples which are going to be high the price of the BTC they sell their coins because they hold their coin and this is the best time to buy the coin and hold it.
People who talk about bitcoin dead no nothing about bitcoin. For decades I have come across people who always say bitcoin is dead but they are distraction to people who don't have knowledge about bitcoin. Bitcoin still remain the best currency .

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Re: Bitcoin for Oil and Gas
« Reply #57 on: August 12, 2022, 09:58:57 PM »

In my opinion, oil and gas is of great importance to all the countries.
 There is an absolute necessity. Because all the exports are done from oil and gas. They are widely consumed in all countries. If even 50% of the country starts the trend of bitcoin in oil and gas, then the market of bitcoin will go up very fast, which will shine in the cryptocurrency. Recently, Russia and the UK do this during the war. Good luck to bitcoin and altcoins
So far, we do not see any real information at all that not only Russia, but also any other states intend to make payments for oil and gas in bitcoins. It turned out to be only rumors that were not confirmed by anything. The point of such rumors was that with the help of payment in bitcoins, it was possible to circumvent the sanctions imposed on Russia. However, bitcoin or another cryptocurrency in this case does not save Russia. Basically, the routes of tankers with Russian oil are monitored, but they are not so small and inconspicuous. Information about their movement immediately spreads to the whole world.

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Offline satpol_PP

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Re: Bitcoin for Oil and Gas
« Reply #58 on: August 13, 2022, 09:37:01 PM »

We know the many economic sanctions imposed against  Russia as it is invading Ukraine and for sure the economy of Russia is now rocked to the bottom with people experiencing the many pinches (though ordinary people do not have the means to air their grievances as the government is in total control of everything). As was then expected, there is that big possibility that Russia can be adopting Bitcoin as the medium of payment for its vast reserve of oil for the international market and then we heard of the news that this is what the country has been planning.

Now, of course, we know that Bitcoin is agnostic and apolitical meaning it does not care who is buying, selling, owning, holding, trading and using it and for sure this is open to anyone whether you can be a Russian or a Ukrainian, for that matter. Now, am just concerned if there will not be possible repercussions because of this move from Russia for Bitcoin and will it not be a bad image for Bitcoin especially in the eyes of people who are not approving of this war...

I think It's just  rumours if the Russian will accept bitcoin as their payment for oil and gas because western sanctions.
Bitcoin is volatile and Russia will have big problem to accept it.
Until now, I didn't hear about it.

Offline MrSpasybo

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Re: Bitcoin for Oil and Gas
« Reply #59 on: August 14, 2022, 12:29:24 AM »
We had hoped that BTC would enter and become the means of payment of the oil market, but reality did not go so well. The capitalization of BTC is too small to serve payment needs, and the BTC price volatility is too large for companies to accept it easily. This should be followed up and applied in the future.
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