Quote from: emezh10 on May 26, 2017, 01:26:19 AM

Quote from: webtricks on May 19, 2017, 03:27:46 PM

Quote from: deisik on May 19, 2017, 01:17:08 PM

Quote from: cryptogeek101 on May 19, 2017, 09:39:39 AM

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.

Every minutes, every seconds, every hours, every days has come the value or price bitcoin is also change. The changing of value or price of bitcoin will depend on the market and also to people who use it. The good things that happening right now in bitcoin is the price of it that rapidly increasing and it have big impact in all trading sites.Lastly,having high bitcoin price will help the economy to grow up.

I don't think that economy will grow up with the help of high value bitcoin price as we can see that bitcoin doesn't interfere in the growth of economy of such countries. Bitcoin's inflation could help businessmen to grow their business but it can also cause the to be deficit as we see that after inflation, there is volitality. However, with this reason business company can integrate to each other which can help to make the economy to grow.