Why is Bitcoin making the world go crazy?

[ichai]

actually the 20k USD shock is what makes Bitcoin the center of attention
a change in price from 6k to 20k within 2 months, is a craziest surprise
but now BTC is only moving at 6k numbers, and I think the normal price for BTC is 6k

Bitcoin not only made the world crazy but I also noticed excitement. It can be profitable overnight and may soon drop. That uncertainty makes many people anxious and many hope. When Bitcoin drops, it's a promising time for a profitable return in the near future.

[opendata]

Peoples are crazy for bitcoins because of its volatile price peoples need fast money and bitcoin give them earning opportunity, in last December 2017 bitcoin price was 20000$ and this price attract many investors, now bitcoin market is down but still many investors are getting profit from small pump and dump of bitcoins.

[vakie1]

The reason behind the recent rally is pure greed which created chaotic situation, unlike traditional markets Bitcoin gave exponential returns of over 100,00% since beginning and people believe that it will keep giving such returns down the road but that's not true. In fact, Bitcoin can even fall below $5K level and hence rational approach is needed while taking any investment decision. I am worried about this greedy craze.

[AdamRay]

The reason behind the recent rally is pure greed which created chaotic situation, unlike traditional markets Bitcoin gave exponential returns of over 100,00% since beginning and people believe that it will keep giving such returns down the road but that's not true. In fact, Bitcoin can even fall below $5K level and hence rational approach is needed while taking any investment decision. I am worried about this greedy craze.

Bitcoin made the world crazy because its price keeps rising and causing many people to be surprised. Bitcoin is now down, but with its great potential promising a brighter future and causing many to continue to rampant. It also made people excited because it shows how convenient it can be in the future.

[jcarlo]

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.
  

Peoples dont trust banks to save their money because banks have vulnerable system. Not with cryptocurrency, bitcoin wallet almost unhackable because bitcoin using blockchain system.

[jennygamilo]

I think its because bitcoin is now very famous and familiar , and also other reason is people don't want bank products

[nurulhmani1280wat]

Everyone basically thinks of Bitcoin, they believe it is a bit of no use at all, but they are very surprised, at any time the value of BTC rises to a height that they initially thought was impossible at that price, even though its current value has decreased, this is the single most valuable resource.

[Belec]

 Well you see Bitcoin is making the whole world go crazy because it's the best crypto currency in the whole world.Everybody likes Bitcoin because its easy to use,it has a good price and it's really popular.

[landyndanaju]

Bitcoin is making world go crazy  because bitcoin is looking forward  to seeing there follower a great people in life.

[joburgtaxi]

We can say that every each worldwide importance invention that humanity does caused the same things in the worldwide stage. Every biggest invention in the history including electricity wa facing a big opposition and embracing in another side.

[bp.comp69]

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 the value of bitcoin every time is always higher then many people want to invest in bitcoin

[maytinhvinh]

Because you can make lot of money (and conversely)

[karenMskeete]

The first cryptocurrency was Bitcoin, and it, in fact, similarly represents an abstract unit of value that can be exchanged for goods and services. Bitcoin has real value as a currency. Blockchain technology has the potential to enable new systems that could create enormous value.

Bitcoin has a technology architecture that makes new bitcoins one by one, according to specific rules and through intensive computer processing.

[mjloulie]

Simply because Bitcoin gives opportunity for people to invest and earn huge profits. It gives people people the conveniencw in paying their bills without going to the business stores, and also some people are now afraid to have their savings in the bank so they just keep their earned btc in a digital wallet.

[Vyachel]

I think the reason for the craziness is the desire to get rich quickly and easily. Because of this, people began to appear excitement and they stopped to assess the situation correctly.

[James Smithh]

Anyone who has started to read about Bitcoin will have learnt about how it has the potential to replace our banks as the way in which we store and manage our money.

[Mary Taylor]

To understand why Bitcoin makes craziness, we need to understand the technology itself. Bitcoin was the first to overcome the problems of centralization. Earlier forms of currency had used a centralised checking system much like banks in order to verify transactions and over come the double spend issue. However centralization within digital currency exposes the currency to attacks from hackers, and make it reliant upon its parent company. Bitcoin solved the problems of centralized bookkeeping by utilizing a peer to peer (p2p) network combined with creating network consensus by the proof-of-work protocol, more commonly known as mining. This is where people lend computing power to the network and get paid Bitcoin as a reward.

[John Williamss]

Because the price itself goes crazy, we can see through the rise of the Bitcoin billionaires. Besides, Bitcoin has a huge potential to replace banking system. those makes it crazy.

[Patricia Joness]

Bitcoin is the best-known digital currency, it has turned investments worth just pennies a few years ago to thousands of pounds today. While some lucky investors have seen huge gains, the potential for losses or even outright fraud is extraordinarily high.

[PAES23]

Because of the big profit when you invest, people think of bitcoin as the way to make them rich easily. That's why there are many scammers in bitcoin, they are taking advantage of some people who wants to make money on bitcoin.