Why is Bitcoin making the world go crazy?

[gwyncox.81]

Because of its unstable development, the world is going crazy by bitcoin

[MidKnight]

Because it will disrupt the financial system in the whole world. So it is just a normal reaction for people to go crazy at bitcoin sometimes. Because of that potential, it had reached amazing huge value which make more people go FOMO in December and it will make the world go crazy again once it reach $100k and $1M.

[Tubig]

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.
  

The first one for me is the greatest reason, especially in the Philippines. Just last week, there a news come out because of a research that most of the Filipinos don't prefer to save money in the bank but rather save by them selves. But because of cryptocurrency there's a higher possibility for their money to earn because of it's volatility. It's just about the right timing of investment.

[shu_22]

It is because trading with BTC has made many people massively rich in the recent times and there is no trader who can ignore the possibility of being a millionaire. You can research the analytics in BTC value which has driven a lot of people in the market despite losses.

[indayburakday012]

Well literally it is not the world that goes crazy but those are the people who get involve and joined in cryptocurrency. Emotions could be overflow sometimes with greatness or sadness depending on bitcoin market price movement. If you will see huge downfall on bitcoin market price then people will get panic or sad and if the opposite thing is happen they got over joyed that is how bitcoin making the people who were living in this world go crazy.

[BitcoinInt75]

The volatility associated with the bitcoin market is extremely high, so it is possible that all those who invest exclusively in trading in the short term need to have a cool head.

[quynhnguyenlove]

The rise of bitcoin really shocked investors. Its dramatic increase has affected many people.

[beliveinsomeone]

The price of Bitcoin can fall and raise again at any time. Because if you are emotional person, you can not go long with Bitcoin.

[ParveZ219]

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/

The people who had invested in 2013 they are millionaires now so the other people got shocked by seeing the price change of Bitcoin from 2013 to 2017 and for this all the people got crazy for Bitcoins as we all are greedy so we will go to that way where profit will be there.. but now investing in Bitcoin is like gambling as the price of Bitcoin is too much unstable it is changing time to time so many people are getting loss also who are investing a lot in Bitcoins.

[JibadeDotun]

A question with many answers I say. I'll give a few answers to this.

1. With bitcoin I have privacy so and absolute power over my money

2. Most people are so tired of the traditional banking system(I see them as opposite of Robin Hood ie taking from the poor and middle class to feed the rich)

3. Bitcoin isn't stable so we have to be on the watch.k

[bright4mech]

Bitcoin has been centralised world wide usage, in which many companies has been recommended bitcoin transaction, because of the effectiveness of confidential payment method. And also very smart and faster than any other.

[byhunter79]

Because you can make a lot of money in a short time

[Tirexico]

because crypto offers investments with little capital and get great results so many people are tempted by it. and people are very crazy about bitcoin because of the soaring bitcoin prices at the end of 2017 so many are interested in getting bitcoins.

[@oweljayr]

If crazy is how you called it, then I am!  I really regret those times that I have not knew bitcoin since it's existence.  Times were really wasted as I thought of it.  If I'd only knew bitcoin since it has started, that could be something else or something big for my life instead of being away from my family for our living.  I just hope it is never too late for that.

[Bulljcak]

Because the value of Bitcoin has been appreciating considerably.

And it go crazy when the higher value becomes double or triple the price.

[sri11]

yes bitcoin does make the world go crazy, maybe because bitcoin has made many people become rich, success lies in bitcoin

[nazarovv]

Bitcoin went through the roof last year. Why wouldn't the world go crazy about this? With it's anonimity and secruity features many people would reallly take interest in this but most important is its value that is so high

[karinaloren]

It is still a rather new notion for the wide audience. Nevertheless, there is already a number of the successful stories. People are inspired with these new opportunities. Moreover, a lot of them just do not realize that work with cryptos is not so easy as it may seem.

[basyang]

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/

I agree. Bitcoin really made people crazy and addicted to it, maybe because of its volatility that make people crazy. Its really amazing feeling when you see the increasing price of bitcoin and the feeling of sorry  if the price suddenly down. We all know the great opportunity that bitcoin giving to us. So for me, its norm to become crazy about it as long as you know your limitation about it.

[deadpool02]

People are going crazy because the price has come so high. They are now believing its not any scam and people are becoming rich in a short span of time From investors to company advertising committee all are using bitcoin for their transaction and electronic payments.