Why is Bitcoin making the world go crazy?

[jeamfpvd]

The most direct reason is that bitcoin has increased too much in eight years. Many people know that this kind of growth also hopes that they can get wealth.

[longwintershere]

Bitcoins have made people head spin for 8 years now and become unbelievable since December 2017, when the value of 1 bitcoin rose up to 20 000 USD! But how this phenomenon appeared, what are the causes of this craziness… Found out in this article
https://blog.bitspark.io/why-is-bitcoin-making-the-world-go-crazy/

Bitcoin is not making world to go crazy, because still seemingly only 1% of people own some cryptocurrencies. When we reach 50% or more, then let's discuss some worldwide craziness.

[AnCapFree]

it is easy to know. it is the first crytpo of the world and it is limited. with the value of crypto we can use, it is really a new revolution of humen. And that is the reason for the increasing

[wheilcristinna]

Well even 6.000$ for crypto coin is a lot in my opinion. But 20.000$, it just impossible. Looks like for last month BTC found place to stay, between 5k and 7k. I hope it will stay there for a little bit longer.

[indopool]

Bitcoins have made people head spin for 8 years now and become unbelievable since December 2017, when the value of 1 bitcoin rose up to 20 000 USD! But how this phenomenon appeared, what are the causes of this craziness… Found out in this article
https://blog.bitspark.io/why-is-bitcoin-making-the-world-go-crazy/

Benefits of holding Bitcoin The main cause of bitcoin prices continues to skyrocket, such as ease in transactions, for example you want to send money from one place to another, you go to the bank, wait, fill out documents, submit, pay high commissions, almost all days you are passed in transactions this is whereas if you do transactions through BTC, it will take a few minutes and cost less, relatively better than the bank. Sitting in your home you can transfer your BTC anywhere in the world.
Another factor is that many people who invest in 2016 or early 2017 are millionaires now. these two factors that make the world go crazy and are attracted towards it.

[Sampson7]

Permit me to say this, It takes a Dog seconds to play when it sees its owner. That's how crazy we all are when we hear of bitcoin. Bitcoin is the new age currency knowing the functionality and riches that it brings there is no doubt we all believe in this currency. easily accessible and it can be seen that its the beyond government recognition ..its crazy u know!

[Lalafell]

Because its good to invest in bitcoin coz bitcoin value is high so people wants to invest in bitcoin and the world is talking about its value.

Yes, it's good to invest in bitcoin cause the benefits is continues increasing so that some people are interested to join in bitcoin and invest cause they have future in bitcoin and we know that value is unpredictable sometimes up and down, and the value is up we get more profit in our investment.

[tony kurniawan]

Bitcoins have made people head spin for 8 years now and become unbelievable since December 2017, when the value of 1 bitcoin rose up to 20 000 USD! But how this phenomenon appeared, what are the causes of this craziness… Found out in this article
https://blog.bitspark.io/why-is-bitcoin-making-the-world-go-crazy/

Because bitcoin is a great investment option, and because profits people can think like crazy, more and more people are interested in bitcoin, and bitcoin will get more popular.

[UniQue7]

Yea it's a world phenomenon, it's only a matter of time before it becomes universal.

[yohan09]

Here is my opinion:

• Nowadays, many people are less interested in bank products.
  
• Many noobs entering the Cryptocurrencies market, and they only know Bitcoin, not altcoin.
• Venture capital also entering Cryptocurrencies and want to avoid tax.
  

Some people are speculating that agressive selling activity could have been used to drive down the price of bitcoin on the exchange and turn the future contracts into winning bets, Back of the envelop calculations, suggest that as little as a million dollars could be used to shore up future positions and influence the auction market.

[joebrook]

Most people initially thought little about Bitcoins, they believed it to be of little to no use at all, but they were surprised when it value rose to heights that they initially thought not possible and though it value has declined, its still one of the most valuable resources.

[oni4an]

Its time has come. People began to go crazy because they did not know before about such a profitable investment. Did not know that you can earn more and in a way like cryptocurrency.

[taksrkanah]

Because you can make lot of money in a short time. (and conversely)

you can also lose all your money, if you do not do the calculation properly.
although bitcoin prices can not be guessed, but you can minimize losses, by analyzing the bitcoin graphics from year to year...

[19nataliya12]

Obviously, virtual bitcoin does not deteriorate, it is convenient to store and transmit. All actions with bitcoins are recorded on a whole network of computers, which protects the system from hacking or falling of the central node. To transfer bitcoin to another user, intermediaries are not needed, even if the recipient is in another country. Bitcoins are not created by the printing house - their essence has already been described by the original algorithm, so no one can influence their release.

[rindayle]

People are driven to go crazy by the cost of a single coin , which can be several thousand dollars. When the price reached almost 20000 dollars, everyone began to invest in euphoria, most not controlling their emotions.

[muneeb.zain]

Bitcoin is the head spinner from the last 8 to 10 years as it is the one of its kind and the very first digital currency that can be established and introduced and the bitcoin has the first mover advantage over other digital currencies so its the bitcoin who should be discussed all around this will definitely pe profitable.

[LodisMcguire]

In my opinion,people start to discuss the bitcoin and crytpo about it's good or bad point when the price start rising from the biggest fall in 2014.When people who buying in 2014 getting rich,people start to say that it's just a bubble and till now keep spreading FUD.

[Baekhyun]

because its value is so high, the investors are many and spread throughout the country proves that the trust and interest of the community on bitcoin is higher. everyone's hope is to repeat the bitcoin glory as late as 2017

[DunnDy]

The world went crazy about Bitcoin because it became public and popular when it enjoyed its greatest success at the end of last year. However, it is its price and stories about people who have enriched themselves on it many times, encouraged users to try to invest in this cryptocurrency. They don't care about the options that Bitcoin brings. Often people who want to be financially independent from any institution are resorting to investment in Bitcoin but it is much rarer.

[assyla]

Bitcoins have made people head spin for 8 years now and become unbelievable since December 2017, when the value of 1 bitcoin rose up to 20 000 USD! But how this phenomenon appeared, what are the causes of this craziness… Found out in this article
https://blog.bitspark.io/why-is-bitcoin-making-the-world-go-crazy/

When bitcoin start to go up and hit a approximately 20 000 dollars, all bitcoin users are shookt on this scenario because no one expected that it will happen at that time. So on this part some people are being curious about it and start on doing it.