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Author Topic: Bitcoin for Oil and Gas  (Read 13736 times)

Offline Hisbullah

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Re: Bitcoin for Oil and Gas
« Reply #30 on: April 18, 2022, 02:17:41 PM »
I think It's good thing if Russia will allow bitcoin for oil and gas payment.
Hopefully It's not rumours.
If it happens, I think It will have good effect for crypto price
Because As we know when bitcoin demand is so high, the bitcoin price will pump and altcoin wil follow it.
It is valid information, not a rumor. Russian government wants their oil and gas payment in Rubel or Bitcoin. They don't want dollars, they challenge USA and other Europe countries. I think it is great news for crypto world, especially for Bitcoin. If it will be implemented soon, the demand for Bitcoin to increase massively. Which means, the price of Bitcoin will increase significantly.

It's good thing if this information about Russia will accept rubel or bitcoin.
Hopefully it will have big effect for crypto market.
I think other countries should allow bitcoin for their payment method, especially export commodity.
Crypto will more valuable and popular, if it happens.
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Re: Bitcoin for Oil and Gas
« Reply #30 on: April 18, 2022, 02:17:41 PM »

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Offline Noverteno

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Re: Bitcoin for Oil and Gas
« Reply #31 on: April 18, 2022, 03:47:42 PM »
I think Putin has considered the worst risk that his country will bear if it gets prolonged sanctions. 
About this war, Russia has calculated the good and the bad.  Peace is above all and does not mean self-respect is something cheap to forget.
 This war in my opinion is the mere existence of Putin and Russia. 
But better The path of peace should be taken...
because war is not the best way...
Putin, and therefore Russia, will be defeated in the war with Ukraine. Already, Russia is suffering crushing military losses and the Kremlin simply does not know what to do in this situation, since the attack on Ukraine itself was not calculated and planned, and the decision to send troops to Ukraine was based on false data about the weakness of the Armed Forces of Ukraine and that that a significant number of Ukrainians would be happy to join Russia. Therefore, Putin's entourage planned to capture the entire territory of Ukraine in 3-5 days.

During the 53 days of hostilities in Ukraine, Russia has already lost 20,600 people killed, more than 40,000 wounded, 790 tanks, 2041 armored combat vehicles, 167 aircraft, 147 helicopters, 381 artillery systems, 130 multiple launch rocket systems, 66 air defense systems. systems, 1487 various trucks, 155 UAVs, 8 ships and boats and other weapons.
Just yesterday, Russia has lost more in Ukraine than it has lost in 8 years of war in Syria. These are 27 tanks, 39 armored vehicles and so on. A few days ago, two Ukrainian anti-ship missiles "Neptune" sank the flagship of the Russian Black Sea Fleet - the nuclear-powered missile cruiser "Moskva", which was considered invincible in Russia due to the large number of air defense systems and other weapons.

As for bitcoin, it will not save Russia from the current sanctions. After all, not only the currency is traced, but also the movement of all sanctioned goods.

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Re: Bitcoin for Oil and Gas
« Reply #32 on: April 18, 2022, 06:22:40 PM »
In my opinion, if bitcoin will accept for gas and oil payment it will big impact for crypto currency market.
Gas and oil are primary needs , that almost all of countries need to use oil and gas.
And we know Russia has been sanctioned by NATO and several countries.
But don't forget, Russia is the big country.
Even if the Putin regime wanted to use bitcoin and other cryptocurrencies to pay for oil and gas in order to circumvent sanctions, it would still fail.
Firstly, large volumes of cryptocurrencies are still tracked and can be further blocked by states through exchanges.
Secondly, the movement of oil and gas will also not go unnoticed by the world community and the authorities controlling the sanctions. This is especially true as Europe has almost agreed on the sixth package of sanctions against Russia, which will also provide for a complete embargo on oil and gas from Russia. Putin wanted to stop the supply of oil and gas to Europe, he will receive it, only from Europe itself. We'll see how he manages to sell his oil and gas after that.

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Re: Bitcoin for Oil and Gas
« Reply #33 on: April 19, 2022, 12:46:55 AM »
If Russia and other countries use Bitcoin for the payment of Gas and Oil, we can see a great improvement in Bitcoin price. The demand for Bitcoin will increase as people want to buy Gas and Oil with Bitcoin. But I hope this policy isn't the same as the policy on Tesla when they accepted BTC payment for their products. It didn't last even a month.
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Re: Bitcoin for Oil and Gas
« Reply #34 on: April 19, 2022, 10:45:31 AM »
If Russia and other countries use Bitcoin for the payment of Gas and Oil, we can see a great improvement in Bitcoin price. The demand for Bitcoin will increase as people want to buy Gas and Oil with Bitcoin. But I hope this policy isn't the same as the policy on Tesla when they accepted BTC payment for their products. It didn't last even a month.

If the Russian government finally approved this proposal (which I highly doubt) and accepted Bitcoin as a means of payment for its Oil and Gas, the Russian government would automatically have other problems. They should quickly fight volatility and sell those Bitcoins almost instantly. The Russian government receives 700 million Euros daily from the European Union (about 17,000 Bitcoins at current value), and would have serious bureaucratic problems to be able to sell that daily amount. For these reasons I believe that these proposals will never be approved.
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Re: Bitcoin for Oil and Gas
« Reply #35 on: April 19, 2022, 02:13:14 PM »
If Russia and other countries use Bitcoin for the payment of Gas and Oil, we can see a great improvement in Bitcoin price. The demand for Bitcoin will increase as people want to buy Gas and Oil with Bitcoin. But I hope this policy isn't the same as the policy on Tesla when they accepted BTC payment for their products. It didn't last even a month.

If the Russian government finally approved this proposal (which I highly doubt) and accepted Bitcoin as a means of payment for its Oil and Gas, the Russian government would automatically have other problems. They should quickly fight volatility and sell those Bitcoins almost instantly. The Russian government receives 700 million Euros daily from the European Union (about 17,000 Bitcoins at current value), and would have serious bureaucratic problems to be able to sell that daily amount. For these reasons I believe that these proposals will never be approved.

Yeah, the volatility of bitcoin is the big problem for Russia if the proposal accepted.
Bitcoin will be payment of gas and oil.
I think It will have good effect for crypto currency and I believe If it happens at this year crypto price will soar.
I personally agree with this.

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Re: Bitcoin for Oil and Gas
« Reply #36 on: April 19, 2022, 08:35:46 PM »
The countries of the European Union have already agreed and prepared for adoption the sixth package of sanctions against Russia for the ongoing military aggression in Ukraine and the genocide of the Ukrainian people. Central to these sanctions will be a complete embargo on Russian oil and gas. This will be a crushing blow to the Russian economy. Bitcoin will not help the Putin regime in this case. The movement of Russian oil and gas will be monitored.

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Re: Bitcoin for Oil and Gas
« Reply #36 on: April 19, 2022, 08:35:46 PM »


Offline Freemind

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Re: Bitcoin for Oil and Gas
« Reply #37 on: April 20, 2022, 12:43:47 PM »
The countries of the European Union have already agreed and prepared for adoption the sixth package of sanctions against Russia for the ongoing military aggression in Ukraine and the genocide of the Ukrainian people. Central to these sanctions will be a complete embargo on Russian oil and gas. This will be a crushing blow to the Russian economy. Bitcoin will not help the Putin regime in this case. The movement of Russian oil and gas will be monitored.

The problem is that not all the countries of the European Union agree with these sanctions. Some countries are less dependent on Russian Gas and Oil and have the economic capacity to seek supply alternatives, but other countries do not have the same economic capacity and that will create a problem within the countries of the European Union when it comes to executing the new sanctions. Countries with a lower economy and little infrastructure will have to continue buying from Russia.
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Re: Bitcoin for Oil and Gas
« Reply #38 on: April 20, 2022, 06:29:20 PM »
The countries of the European Union have already agreed and prepared for adoption the sixth package of sanctions against Russia for the ongoing military aggression in Ukraine and the genocide of the Ukrainian people. Central to these sanctions will be a complete embargo on Russian oil and gas. This will be a crushing blow to the Russian economy. Bitcoin will not help the Putin regime in this case. The movement of Russian oil and gas will be monitored.

The problem is that not all the countries of the European Union agree with these sanctions. Some countries are less dependent on Russian Gas and Oil and have the economic capacity to seek supply alternatives, but other countries do not have the same economic capacity and that will create a problem within the countries of the European Union when it comes to executing the new sanctions. Countries with a lower economy and little infrastructure will have to continue buying from Russia.
Yes, the countries of the European Union are not all absolutely one-pack and have a different dependence on carbohydrate energy sources from Russia. But overall, it doesn't make much of a difference. For example, Germany was the most dependent on Russia in this regard; it supplied about 40 percent of its oil from Russia. But now they are saying that they will be completely free of such dependence by the end of this year. The European Union is not imposing these sanctions right now because they are waiting for Sunday for the French presidential elections to take place in the second round and for Macron to win. But they will launch sanctions as early as next week. It won't be long, we'll see.

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Re: Bitcoin for Oil and Gas
« Reply #39 on: April 23, 2022, 10:33:45 AM »
There is news that some European Union countries are not yet ready to impose a complete embargo on oil and gas supplies from Russia. But anyway, everyone agrees that it is necessary to get rid of dependence on Russia in energy carriers and reorient to other suppliers, as well as increase the share of energy consumption from alternative sources. Therefore, in the near future, Russia will play very big by committing military aggression against Ukraine.

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Re: Bitcoin for Oil and Gas
« Reply #40 on: April 23, 2022, 11:57:23 AM »
The problem that Europe now has with natural resources is the exclusive responsibility of European governments. For a long time, the countries of the European Union have paid $800,000,000 to Russia every day. If that amount of money had been used in part for years for research and development of other types of energy, all of this would not be happening now, but instead of seeking a certain energy independence, the European Union preferred to settle down and do nothing, surely many now regret it.
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Re: Bitcoin for Oil and Gas
« Reply #41 on: May 17, 2022, 07:29:30 AM »
There is news that some European Union countries are not yet ready to impose a complete embargo on oil and gas supplies from Russia. But anyway, everyone agrees that it is necessary to get rid of dependence on Russia in energy carriers and reorient to other suppliers, as well as increase the share of energy consumption from alternative sources. Therefore, in the near future, Russia will play very big by committing military aggression against Ukraine.
It is clear that the dependence of some European countries on oil and gas from Russia cannot be eliminated immediately, they are not ready for it. because after all looking for alternatives is certainly not easy and cannot be instant. If on the other hand Russia did not supply European countries first, then it is certain that countries with no supply other than Russia will suffer and they will not harm themselves, where if the embargo is done.

Russia's aggression against Ukraine clearly should not happen and is not justified because this is a bad precedent, but maybe there is a purpose that we don't know about the aggression. European countries should not always carry out an embargo but must be a mediator and can sit together to be able to make peace is the best choice .
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Offline elbans89

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Re: Bitcoin for Oil and Gas
« Reply #42 on: May 31, 2022, 01:11:12 PM »
We all know about bitcoin price is high volatile.
So, I think It's difficult to happen, bitcoin as payment method for oil and gas.
I don't believe it will be.
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Re: Bitcoin for Oil and Gas
« Reply #43 on: May 31, 2022, 03:16:48 PM »
The main purpose of Bitcoin is for a payment system without any intermediaries from banks and we usually call it P2P.
If a country like Russia accepts Bitcoin as payment, then that's a good thing.
Apart from the current war conflict, I support the option of paying for gas and oil using BTC, this will be a payment option, this is definitely profitable because the main purpose of Bitcoin for payments can be achieved by the state.
Oil and Gas is urgently needed by every country and most importantly, to avoid an energy crisis due to the embargo of the payment system, the payment of BTC if used as a legal tender for oil and gas will be history for all time.

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Re: Bitcoin for Oil and Gas
« Reply #44 on: June 01, 2022, 02:13:29 AM »

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 possible to happen because NATO has sanctioned Russia cause of the war between Russia and Ukraine.
But I think It will be the problem for Russia too, Bitcoin is high volatile.
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