Bitcoin price

[cryptogeek101]

Bitcoin is moving to $2000 today. What is the impact of this geometrical price movement to the world financial system? Let us discuss.

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[deisik]

Bitcoin is moving to $2000 today. What is the impact of this geometrical price movement to the world financial system? Let us discuss.

In just one word, nothing

In more than just one word, the price itself is meaningless outside the exchanges (since Bitcoin is not used in real life), so there is no way it can affect the world financial system. And it is not the price alone which matters. If someone sold 1 satoshi for 1 dollar, would that mean anything? Apart from that, the price can easily lose all reference even between exchanges if there happens a thing which I called Bitcoin Big Rip. With higher prices we will see higher volatilities (in fact, we are already seeing them), up to a point where volatility becomes comparable to price itself. That would be a Big Rip event or moment

[iluvpie60]

The geometric price? Huh? None i guess. But the reason prices go up so high is due to whales having their btc on multiple exchanges. They then buy in at same time and coordinate. We r bring pumped up. Almost no news happened in btc world to justify this price.

[yakushev]

The geometric price? Huh? None i guess. But the reason prices go up so high is due to whales having their btc on multiple exchanges. They then buy in at same time and coordinate. We r bring pumped up. Almost no news happened in btc world to justify this price.

The only news is that soon bitcoin will be legalized in Australia. But this is not news. I am also frightened by such a rapid rise in the price of bitcoin. I hope that soon we will not see a sharp drop

[webtricks]

Bitcoin is moving to $2000 today. What is the impact of this geometrical price movement to the world financial system? Let us discuss.

In just one word, nothing

In more than just one word, the price itself is meaningless outside the exchanges (since Bitcoin is not used in real life), so there is no way it can affect the world financial system. And it is the price alone which matters. If someone sold 1 satoshi for 1 dollar, would that mean anything? Apart from that, the price can easily lose all reference even between exchanges if there happens a thing which I called Bitcoin Big Rip. With higher prices we will see higher volatilities (in fact, we are already seeing them), up to a point where volatility becomes comparable to price itself. That would be a Big Rip event or moment

That's true.
Bitcoin simply as a mean of speculation won't contribute even a penny to World Economy. It will be merely a trading system outside the bracket of real world, having zero utility for the working of economy. If we wanna see it making some difference in financial system then we should concentrate on Bitcoin foundations rather than making merry on its insane speculative rise.

[prass tyo]

Bitcoin is moving to $2000 today. What is the impact of this geometrical price movement to the world financial system? Let us discuss.

I seem to see the news today, there is no interesting news about the financial world, but the most influential is in countries that have adopted the bitcoin financial system

[iamTom123]

Bitcoin is moving to $2000 today. What is the impact of this geometrical price movement to the world financial system? Let us discuss.

Bitcoin is not meant to save the world but just to disrupt and maybe create a new revolution for better financial system. However, right now, it is a good tool to gain some profits because it is also a digital money whose volatility is making many people smile and sometimes sad. Right now, bitcoin has not yet reached its destination or potential because just like anything invented by man it is also subject to the whims of human nature and sometimes greedy self-vested interests.

[Cxfan]

Bitcoin is moving to $2000 today. What is the impact of this geometrical price movement to the world financial system? Let us discuss.

In just one word, nothing

In more than just one word, the price itself is meaningless outside the exchanges (since Bitcoin is not used in real life), so there is no way it can affect the world financial system. And it is not the price alone which matters. If someone sold 1 satoshi for 1 dollar, would that mean anything? Apart from that, the price can easily lose all reference even between exchanges if there happens a thing which I called Bitcoin Big Rip. With higher prices we will see higher volatilities (in fact, we are already seeing them), up to a point where volatility becomes comparable to price itself. That would be a Big Rip event or moment

This. We should treat Bitcoin like gold or stocks, an investment. The idea of it replacing fiat as a currency may be a pipedream.

[eternalgloom]

Bitcoin is moving to $2000 today. What is the impact of this geometrical price movement to the world financial system? Let us discuss.

In just one word, nothing

In more than just one word, the price itself is meaningless outside the exchanges (since Bitcoin is not used in real life), so there is no way it can affect the world financial system. And it is the price alone which matters. If someone sold 1 satoshi for 1 dollar, would that mean anything? Apart from that, the price can easily lose all reference even between exchanges if there happens a thing which I called Bitcoin Big Rip. With higher prices we will see higher volatilities (in fact, we are already seeing them), up to a point where volatility becomes comparable to price itself. That would be a Big Rip event or moment

That's true.
Bitcoin simply as a mean of speculation won't contribute even a penny to World Economy. It will be merely a trading system outside the bracket of real world, having zero utility for the working of economy. If we wanna see it making some difference in financial system then we should concentrate on Bitcoin foundations rather than making merry on its insane speculative rise.

I would argue that Bitcoin does have a small impact on the world economy, especially with these price increases.
Some countries have put regulations in place so they can tax you when you make a profit with Bitcoin and cash it out for fiat, that has an effect on the world economy, albeit small.

[olushakes]

Bitcoin is moving to $2000 today. What is the impact of this geometrical price movement to the world financial system? Let us discuss.

First thing first, the price is not geometrically increasing as that is totally against what is being going on currently what we have is purely a gradual increase if you apply it based on percentage. Aside that, the price does not affect anything in the world order or finances as the people involved as well as volume is not enough to pull attention yet.

[deisik]

Bitcoin is moving to $2000 today. What is the impact of this geometrical price movement to the world financial system? Let us discuss.

In just one word, nothing

In more than just one word, the price itself is meaningless outside the exchanges (since Bitcoin is not used in real life), so there is no way it can affect the world financial system. And it is the price alone which matters. If someone sold 1 satoshi for 1 dollar, would that mean anything? Apart from that, the price can easily lose all reference even between exchanges if there happens a thing which I called Bitcoin Big Rip. With higher prices we will see higher volatilities (in fact, we are already seeing them), up to a point where volatility becomes comparable to price itself. That would be a Big Rip event or moment

That's true.
Bitcoin simply as a mean of speculation won't contribute even a penny to World Economy. It will be merely a trading system outside the bracket of real world, having zero utility for the working of economy. If we wanna see it making some difference in financial system then we should concentrate on Bitcoin foundations rather than making merry on its insane speculative rise.

I would argue that Bitcoin does have a small impact on the world economy, especially with these price increases.
Some countries have put regulations in place so they can tax you when you make a profit with Bitcoin and cash it out for fiat, that has an effect on the world economy, albeit small

Just putting some tax regulations in place will not suffice

You should also make people pay these taxes, and here's something which you likely didn't even think about when you wrote your post to express your disagreement. You (as a tax agency) may have to spend more than you will receive as taxes, so the effect you are talking about may be not just small though positive (which is what you seem to imply), but, in fact, it can be negative (though as small). In other words, you might spend more first regulating Bitcoin turnover and then trying to collect taxes than the amounts that you will actually receive as Bitcoin taxes. This is the thing with Bitcoin

[Hydrogen]

Bitcoin's value could represent the degree to which people of the world have lost faith in their leaders, experts, economy & system to serve the peoples best interest.

As people of the world lose faith in their local currency & the economic policies of governments, they will look for alternatives like bitcoin.

That is one aspect of bitcoin's value that could be represented in its price increasing.

[MingLee]

Bitcoin is moving to $2000 today. What is the impact of this geometrical price movement to the world financial system? Let us discuss.

Won't do anything that it hasn't already.
If Bitcoin hitting $2000 really meant anything to the global financial systems then you would have heard a lot of people talking about it a lot more than they already have, and most people can see that nothing has changed and there is next to no discussion from FinTech analysts about this.
Maybe once it breaks 2.5x this value we can see something interesting happen, until then I doubt much will occur.

[mrcash02]

It means even with all difficulties Bitcoin is having it's still a very powerful currency that no one could stopped yet. Bitcoin is becoming more powerful each new day, however it's a bit strange how a currency with so many unconfirmed transactions and high fees is increasing its price constantly, I believe the normal would be the opposite...

[Pab]

Any, why btc price is rising,there is possible to find many reasons ,i know from my Australian contact on twitter that 1 July btc will be accepted in Australia like a money,and will be no taxes.It can be one of reasons why btc price is rising

[Salazarian]

Bitcoin is moving to $2000 today. What is the impact of this geometrical price movement to the world financial system? Let us discuss.

In just one word, nothing

In more than just one word, the price itself is meaningless outside the exchanges (since Bitcoin is not used in real life), so there is no way it can affect the world financial system. And it is the price alone which matters. If someone sold 1 satoshi for 1 dollar, would that mean anything? Apart from that, the price can easily lose all reference even between exchanges if there happens a thing which I called Bitcoin Big Rip. With higher prices we will see higher volatilities (in fact, we are already seeing them), up to a point where volatility becomes comparable to price itself. That would be a Big Rip event or moment

That's true.
Bitcoin simply as a mean of speculation won't contribute even a penny to World Economy. It will be merely a trading system outside the bracket of real world, having zero utility for the working of economy. If we wanna see it making some difference in financial system then we should concentrate on Bitcoin foundations rather than making merry on its insane speculative rise.

I would argue that Bitcoin does have a small impact on the world economy, especially with these price increases.
Some countries have put regulations in place so they can tax you when you make a profit with Bitcoin and cash it out for fiat, that has an effect on the world economy, albeit small.

currently it may not have such a great impact on the world economy but in future when the users of bitcoin will increase then t will really put a great impact on the economy of the world, but it will take some more time.

[HatakeKakashi]

Any, why btc price is rising,there is possible to find many reasons ,i know from my Australian contact on twitter that 1 July btc will be accepted in Australia like a money,and will be no taxes.It can be one of reasons why btc price is rising

agree, I think also why bitcoin is contously rising its because the country of Australia accpet like a money . That one reason why bitcoin price increase . I think also why bitcoin price is contously increasing because the halving is near like may or june the price of bitcoin will increase more and I think after halving the price of bitcoin will be higher than today price they have possible the price become double after halving. I hope the price increase more so the bitcoin world become happy and many people interest to join bitcoin.

[Nightwatchman]

Bitcoin's value could represent the degree to which people of the world have lost faith in their leaders, experts, economy & system to serve the peoples best interest.

As people of the world lose faith in their local currency & the economic policies of governments, they will look for alternatives like bitcoin.

That is one aspect of bitcoin's value that could be represented in its price increasing.

Bitcoin as a safehaven-alternative to, say, gold? I reckon that's got some merit as an idea in these uncertain times.

[GamblingIsWrongWay]

Bitcoin is moving to $2000 today. What is the impact of this geometrical price movement to the world financial system? Let us discuss.

waiting $3000

[pacifista]

Bitcoin is moving to $2000 today. What is the impact of this geometrical price movement to the world financial system? Let us discuss.

waiting $3000

3000$ before the end of this year?  Uhmm , that would be a great price, and the good things that happening right now to bitcoin ,it will surely reached that price. Just hodl hodl.