Why is Bitcoin making the world go crazy?

[Sirnero111]

It's digital, so doesn't have physical production or storage issues.Bitcoin is special because it can only be created according to a special algorithm that ultimately limits the total number of Bitcoins to 21 million and guarantees that payments are anonymous and irreversible.

[1715282040]

1715282040

[1715282040]

1715282040

[1715282040]

1715282040

[kidamazo]

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 causes some people (lucky) to get insanely rich in few weeks, and also causes some people (unlucky) to become insanely poor and rising debts. So because of those opportunities Bitcoin exactly is shaking our world now.

[macartem]

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/

Yes, last year people in general all went crazy because of bitcoin, they sold everything that they had: houses, cars, equipment and bought bitcoins ...

[Tomborneque_1102]

I believe it's the benefit that people are getting from Bitcoin. a platform where anyone can invest and become rich: rich men, students, employees, even the unemployed. a digital money that can be used as a payment with a very low transaction fee. having these kinds of benefits in a platform will make everyone go crazy.

[killat]

The only value BTC have its what people are willing to pay for it, there is no product or service behind it. Some see it as negative, but in reality this is one of the strongest quality of the BTC - it means that its value cannot disappear as long as people are willing to pay whatever the price is at the moment. There is no possibility that the company will make a bad product, or a competitor will bring new device that will send you out of business. Its all about people willing to pay asked price. No other factors. If Elon Musk do some dumb mistake tomorrow he can get Tesla destroyed, bankrupt. All your stocks would be worthless, regardless if people are selling them or not. This cannot happen with BTC.

[Sample2]

In my opinion, the people already know what they need and the things that bitcoin gave to the people is how easy to use bitcoin, how cheap the fee to transfer your fund from and to another country in a minute. Also, the people nowadays are smarter than in the past. Comparing to the bank, bitcoin has no fee for holding it into your account or wallet like the banks have (As an admin fee), and many more reasons.

[TheGodFather]

The only value BTC have its what people are willing to pay for it, there is no product or service behind it. Some see it as negative, but in reality this is one of the strongest quality of the BTC - it means that its value cannot disappear as long as people are willing to pay whatever the price is at the moment. There is no possibility that the company will make a bad product, or a competitor will bring new device that will send you out of business. Its all about people willing to pay asked price. No other factors. If Elon Musk do some dumb mistake tomorrow he can get Tesla destroyed, bankrupt. All your stocks would be worthless, regardless if people are selling them or not. This cannot happen with BTC.

nope. I don't think bitcoin make the world crazy.  it is betterto say that the bitcoin make people hardworking. only for me, because we know that the bitcoin give many benefit for us. and I am sure we do all just to have a bitcoin. for those who rich people it is just a money currency that used to buy product and other in the site. but for those who need money. bitcoin teach many things like hardworking, proactive. critical thinking if the situatiin is bad and teach to relax.

[Stromspirit]

I think it's not the bitcoin that makes the world go crazy just because bitcoin users are too crazy to use bitcoin for they can get a lot of bunches of bitcoin in a very fast time so they will do anything against bitcoin for they can get a lot of profit from bitcoin with a very fast time so bitcoin users who make this world go crazy instead of bitcoin so this is all wrong bitcoin users

[Bitlife81]

Bitcoin has been a migraine and a shock and gift across the board. When everything began no one took bitcoin and digital money effortlessly.

[Larrycool]

Bitcoin is an asset, it is an incredible one, therefore, it's ability to experience development as being a part of a future is one of the great reason for us people to used it and for us to invest with it. In reality people want a good set in the future or a plan to have a good future in a particular thing that could truly help us to deal with different changes.

[kendra1107]

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/

Well, one obvious reason is the huge profit that many have earned with Bitcoin since its birth. The news have spread across the planet and people started looking into this system and now want a piece of the cake! Who wouldn't want to earn extra from home, right? And so as many more become aware of Bitcoin, more tend to buy making the price increase significantly.

[DewiKirana]

Many are crazy because bitcoin especially for beginners who want to get rich quick quickly, allowing criminals to facilitate money laundering and transactions to their advantage, attracting big investors to play bitcoin prices so they can earn more profit.

[lazygin006]

Becuase it is a threat that would change our current system, and will make a lot of the mega rich greedy people losing their controls over how money works for them.

[mojo2208]

Because even 20 years ago people really did not know what a smartphone or a powerful computer. Online currency just drives them crazy

[btcCoincart]

Nice article. Thanks for sharing. In my opinion, we are human, we love gambling, and bitcoin is a kind of gamble, no one knows its price tomorrow, that's why so many people want to buy and see its price everyday!

[Edi86]

because of the enormous bitcoin exchange rate that makes people competing to produce bitcoin, whether from a system of trading and mining ... bitcoin is very influential in the mindset of man, that is one of the causes of this madness

[Intensity13.6]

Simply because bitcoin can give a bright future,bitcoin can give huge profit,bitcoin can make you rich,bitcoin can give you work;bitcoin can make you success and achieve your goals in life and bitcoin can you freedom in investing and earning profit. That makes the world crazy in bitcoin.

[richkel]

Because bitcoin attracts those people who fell to invest quickly without having the knowledge in the market, they go crazy when the market suddenly falls. Bitcoin is getting more popular now and people want to invest in it

[bayu7adi]

I think the 20k BTC phenomenon is a mega promotion done by whales to get new BTC users in bulk
we all know that the important thing in the 21st century is money, and they manage to control almost the majority of people, with the money to use BTC

[aryaadikariyansyahsuwarto]

in my opinion because the popularity of bitcoin is one of the ones that make bitcoin become crazy in this world .. !!