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Author Topic: Bitcoin for Oil and Gas  (Read 13732 times)

Offline TomPluz

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Bitcoin for Oil and Gas
« on: March 25, 2022, 07:48:52 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...


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Bitcoin for Oil and Gas
« on: March 25, 2022, 07:48:52 AM »

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Offline Doctor

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Re: Bitcoin for Oil and Gas
« Reply #1 on: March 25, 2022, 02:06:52 PM »
As I said before, I think Russia will accept bitcoin as their payment method, especially for oil and gas.
There are many sanctions for Russian government, becaue of the war.
But We know Russia is the big  countries, That will have good decision for their export, especially gas and oil export.
Believe  bitcoin will be adopted soon.

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Offline IyemRoker

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Re: Bitcoin for Oil and Gas
« Reply #2 on: March 29, 2022, 06:46:14 PM »
Oil and Gas is always needed by all countries because Oil and Gas is a household and industrial need.
If the industry does not develop and progress, a country will experience economic decline and this is very dangerous.
If Russia needs to pay for this Oil and Gas using Bitcoin then that is definitely very good because it will make the Bitcoin price go up and the market to be green.
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Offline mlawson71

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Re: Bitcoin for Oil and Gas
« Reply #3 on: March 29, 2022, 08:22:47 PM »
I am still wondering who would pay Russia with Bitcoin for their hydrocarbons, when various countries are refusing to pay them even in roubles.

Offline legend45

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Re: Bitcoin for Oil and Gas
« Reply #4 on: March 30, 2022, 01:39:32 AM »
Oil and Gas is always needed by all countries because Oil and Gas is a household and industrial need.
If the industry does not develop and progress, a country will experience economic decline and this is very dangerous.
If Russia needs to pay for this Oil and Gas using Bitcoin then that is definitely very good because it will make the Bitcoin price go up and the market to be green.

You're right, If Russian accept bitcoin as their payment for gas and oil, I think bitcoin price will go up and altcoin will follow it.
Nice to hear this news.
Oil and gas, almost all countries will need this, So I think It's good thing for crypto currency market.
Hopefully all countries also accept bitcoin and altcoin for other commodities.
Let's see

Offline pacar_tiri

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Re: Bitcoin for Oil and Gas
« Reply #5 on: March 31, 2022, 12:18:17 PM »
Oil and Gas is always needed by all countries because Oil and Gas is a household and industrial need.
If the industry does not develop and progress, a country will experience economic decline and this is very dangerous.
If Russia needs to pay for this Oil and Gas using Bitcoin then that is definitely very good because it will make the Bitcoin price go up and the market to be green.

You're right, If Russian accept bitcoin as their payment for gas and oil, I think bitcoin price will go up and altcoin will follow it.
Nice to hear this news.
Oil and gas, almost all countries will need this, So I think It's good thing for crypto currency market.
Hopefully all countries also accept bitcoin and altcoin for other commodities.
Let's see

It's just rumour mate, I heard Russian use rubel for their gas and oil payment.
I didn't hear about bitcoin will be.
But from Russia I heard allow bitcoin mining.
It's good for crypto world.
I agree with this consideration about mining, Sure.
For oil and gas payment, I think if it happens, bitcoin price will soar. Let's see.

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Re: Bitcoin for Oil and Gas
« Reply #6 on: April 05, 2022, 08:23:49 AM »
Oil, gas and water will always be the main choices for industries in various fields in this world, but Bitcoin is more prioritized for those who have simple and easy trading because Bitcoin is a digital asset that is easy to carry.
Oil, gas and water are also very much needed for human life because cooking oil is used for cooking, gas is used for transportation and water is needed for daily consumption.
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Re: Bitcoin for Oil and Gas
« Reply #6 on: April 05, 2022, 08:23:49 AM »


Offline Freemind

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Re: Bitcoin for Oil and Gas
« Reply #7 on: April 05, 2022, 12:35:53 PM »
Humanity (especially the governments of the world) has had time to change the use of fossil fuels. We have had a lot of time to look for alternatives and the ability to make them come true. Now the world, especially Europe, is under the tyranny of Putin and his huge oil and gas reserves. I would not be surprised if Putin's government accepted Bitcoin, for those who do not know, Europe pays 700 million Euros to Russia every day for gas and oil, and Putin wants to continue receiving that money, in Euros, Dollars or Bitcoin.
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Offline bayiajaib

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Re: Bitcoin for Oil and Gas
« Reply #8 on: April 05, 2022, 05:27:34 PM »
We know Putin want rubel to be payment method for oil and gas .
It's market strategy from Russian government to keep their currency from EU and US sanctions.
About this war Russian and Ukraine,  several NATI member give sanction for Russia.
But It doesn't  matter for Russia,  Rusia is still the big country.

Offline mlawson71

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Re: Bitcoin for Oil and Gas
« Reply #9 on: April 05, 2022, 06:38:24 PM »
No country exists in a vacuum. They may be a big country, but with time those sanctions will hurt them, and seriously.

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Re: Bitcoin for Oil and Gas
« Reply #10 on: April 06, 2022, 12:38:16 PM »
We know Putin want rubel to be payment method for oil and gas .
It's market strategy from Russian government to keep their currency from EU and US sanctions.
About this war Russian and Ukraine,  several NATI member give sanction for Russia.
But It doesn't  matter for Russia,  Rusia is still the big country.

It is true that Putin wants countries to pay for gas and oil in Rubles, but that is not contemplated in the signed contracts. In the contracts that Russia has with European countries, it is clearly indicated that the payment will be made in Euros or Dollars. Wanting to change the contract now so that the Ruble does not sink completely is illegal, that's why the Russian government is trying to find alternatives, that's why they proposed to accept Bitcoin.
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Offline Istiak

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Re: Bitcoin for Oil and Gas
« Reply #11 on: April 06, 2022, 08:32:27 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...

It will create a good images for bitcoin because everyone is not in favor's of the sanction imposed by the USA. Many other country will also use bitcoin who fears sanction threat by USA. Its good financial freedom to countries which has been threaten by USA and their allies. This could struck the final nail in the coffee of USD.
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Offline kent47400

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Re: Bitcoin for Oil and Gas
« Reply #12 on: April 07, 2022, 04:35:15 AM »
Purchasing Oil and Gas around the world is just a good opinion and for sure if it's a fact then it must be very good.
And it turns out that this thread leads to conflicts in Russia and Ukraine, so it is certain that Bitcoin will be needed once for the purchase of Oil and Gas.
The problem is, if there are conflicts like that, looting everywhere and a lot of loss of property, then any digital asset like Bitcoin will definitely be needed for this story.
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Re: Bitcoin for Oil and Gas
« Reply #13 on: April 07, 2022, 11:24:21 AM »
It will create a good images for bitcoin because everyone is not in favor's of the sanction imposed by the USA. Many other country will also use bitcoin who fears sanction threat by USA. Its good financial freedom to countries which has been threaten by USA and their allies. This could struck the final nail in the coffee of USD.

I think exactly the opposite of what you say. Many people, including some governments, will see Bitcoin as the image of "evil", they will believe that Bitcoin is used by tyrants and that using Bitcoin any country could receive international sanctions without consequences, and that is not good for the image of Bitcoin and cryptocurrencies. People with their own criteria will not do something like this, but unfortunately many others will.
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Offline DAMKAR

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Re: Bitcoin for Oil and Gas
« Reply #14 on: April 07, 2022, 06:01:02 PM »
Purchasing Oil and Gas around the world is just a good opinion and for sure if it's a fact then it must be very good.
And it turns out that this thread leads to conflicts in Russia and Ukraine, so it is certain that Bitcoin will be needed once for the purchase of Oil and Gas.
The problem is, if there are conflicts like that, looting everywhere and a lot of loss of property, then any digital asset like Bitcoin will definitely be needed for this story.

By seeing the rumours and every chance for bitcoin to grow
I think elsavadar, Russia issue will accept bitcoin for gas and oil payment.  Those are a good thing to improve bitcoin at the coming months.
India  has legalized bitcoin and lately US also did too, they take the tax for bitcoin and crypto.
I think more countries will do that, let's see..

 

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