Why is Bitcoin making the world go crazy? - page 46.

krishnaverma

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Quote from: JaredStein on February 28, 2018, 03:42:43 PM

Because if you buy a lottery ticket for 1 cent and after some time, you get $10k for it. You would become crazy. And people who invested very little and got like 1000 times more did not expect this at all.

Rightly said, it was kind of sure shot lottery for all those invested in early stage and then had patience to see it climbing till $10000 or so. Unfortunately, expecting that much growth now is nor practical from bitcoins and we will have to pick something from alt coins to get those crazy returns. Anything involving huge money can make a person crazy though the amount differs from one person to another.

rog1121

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To really understand the craziness around Bitcoin we need to understand the technology itself. 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. Many see huge problems within our financial institutions as they are, and so this lends an exciting edge to Bitcoin.

Xester

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Quote from: Bitcoinislifer09 on March 08, 2018, 11:19:03 AM

Quote from: BitsparkHK on February 12, 2018, 11:30:03 PM

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/

It's value is the reason why people get crazy about it because you can't find any other crypto that is affordable than bitcoin because eth is a little expensive than bitcoin and it is not yet popular to normal people.

I do not know what you mean by affordable. But we all know that bitcoin price is really high and it is not affordable at all. It is hard to have even a single of it. As to eth it is cheaper and I would love to invest some because it might come a time that it will be priced just like bitcoin. As to why many people are going crazy with it, because it is profitable.

mOgliE

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Hi,

The cause of the craziness is... Well, actually I see 3 main explanations:

1- Mass media communicate more and more about it. A few years ago, bitcoin was a geeky dark tool, only used for illegal purpose. Today it is presented as still potentially dangerous but also as a potential source of income. Journalists love sensational news. So they don't talk about those buying few and getting a bit more. They talk about the sandwich bought for several bitcoin, which would be worth thousands today.

2- People have had time to try, to implement, to see... They know that bitcoin is not merely about trading. They stick to this community because they want to be part of the "next revolution". The youth generation dreams about being the future Zuckerberg. Or Musk.

3- Governments and banks are realizing cryptos may become a real alternative. And they try to prevent this. But in order to do so, they must communicate about it!

I guess these three explanations must be taken into account. The good news is that more and more people know about all that. The bad news is that many of them only come attracted by lies and deceptive promises. Undecided

Bitcoinislifer09

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Quote from: BitsparkHK on February 12, 2018, 11:30:03 PM

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/

It's value is the reason why people get crazy about it because you can't find any other crypto that is affordable than bitcoin because eth is a little expensive than bitcoin and it is not yet popular to normal people.

shanksluffy

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Quote from: BitsparkHK on February 12, 2018, 11:30:03 PM

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/

Many people become crazy in bitcoin because of the price became high and the invest grew. The profit are crazy high you can buy cars using bitcoin

Divyanshu2710

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Because It eliminates tax and also the most popular crypto currency.
Also governments is trying to stop crypto exchanges in their own countries which is attracting people's attention.

Polipog

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It's simply about the high value, that's why the people in the world become crazy. If we say that bitcoin turns into the value, as what before happening in their first day of operation, that it is something one bitcoin equivalent to one dollar, the word crazy is nothing there, but today, because of rapid increase of users and the multiple increase of investors that's why bitcoin today become valuable because of the total price value, so, the total cause of world craziness is the price value which is very high when converted into real money.

cloudbleron18

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Quote from: BitsparkHK on February 12, 2018, 11:30:03 PM

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 making all the people crazy because it a true and real kind of online job.not only one saying that it is true but lots of users of this proved that they are going riches people through bitcoin thats why I am the one already who used bitcoin but not only me also my family,neighbors and friends already know about bitcoin and its true!Bitcoin makes you crazy because it is real and true online job not scammer.

KingOfWinterfell01

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Quote from: BitsparkHK on February 12, 2018, 11:30:03 PM

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 think because it is an investment untangible but readily available for anyone to handle bitcoins. But I guess it is more than just the humble begginings of bitcoin more on the invesment sides recently. I'm wishing people would finally come to realize how much of great impact bitcoins can make for the future generation.

19spawnfeed

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Quote from: TerranceBug on March 08, 2018, 09:27:03 AM

I think it started to get so popular because of its decentralization and innovative technology, but now it is just a result of the word of mouth and a lot of good and bad talks about it in the media, that also contributes to its hype.

Bitcoin making the world go crazy because its price range was of thousands of Dollars in a few hours. Bitcoins were today the main topic in all discussion with the groups that i participate. Some people believe that we are in the middle of a giant bubble and doubtful about Bitcoins intrinsic value and other people believe cryptocurrencies are the future and are already counting on a price of hundreds of thousands of dollars in a few years. I really like the idea that Bitcoin is the money of the future.

TerranceBug

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I think it started to get so popular because of its decentralization and innovative technology, but now it is just a result of the word of mouth and a lot of good and bad talks about it in the media, that also contributes to its hype.

speedy1987

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Quote from: BitsparkHK on February 12, 2018, 11:30:03 PM

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 main reason is money. Now a days everyone expecting some additional income, I think Bitcoin will full fill that. People can earn money by working online and changing their economic status. Which is safe & secure also Reliable transaction system .By trading we can make extra money, I think this makes the world go crazy

Dudeperfect

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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.

RKSummer

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Quote from: Juliedarwin on February 13, 2018, 04:27:00 AM

Because of the pretty and good to invest in bitcoin, and it's giving a lot of opportunity to many a lot of members here.

Yeah, that's one of many reasons why world are crazy with bitcoin. It gives an opportunity to become financially stable, confident and rich. It is one of the most valuable asset to have nowadays.

Aguilarwj

newbie

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The bitcoin will make the world crazy in the start, while it lasts people will learn about the bitcoin thats why me and my other friends was go crazy in bitcoin hahahhaha. You learn for this to improve our self

JaredStein

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Because if you buy a lottery ticket for 1 cent and after some time, you get $10k for it. You would become crazy. And people who invested very little and got like 1000 times more did not expect this at all.

ereme

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Quote from: BitsparkHK on February 12, 2018, 11:30:03 PM

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/

It is making world go crazy because:

1) People were able to make about 10-20 times of their investment in few years.

2) Some people even because millionaires by investing few thousand dollars.

decoder88

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Quote from: caaaaaaaattleah on February 20, 2018, 11:01:32 PM

For these past years bitcoin grew up very fast. Many people are not able to predict that bitcoin will grow big because if they knew, they would have had invested years ago that is why people are starting to invest in bitcoin now because of the probability that it will grow much higher in the next years.

Bitcoin has been making the world go crazy because it has proven it's worth and has upgraded it's systems. It has shown it's benefits and also the effort to make it's users financial capable. Who would have thought that this will go bigger and continues to grow upto now. Bit ofcourse people are into the profit one could get.

BelieveInBTC

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More and more people seem to become concerned about their privacy. A lot of people praise Bitcoin for being open source. It gives us opportunity to finally stop using banks which reveal our data to governments who are too curious about what we are doing with our money. I have nothing to show because I don't have nothing to hide. Bitcoin will definitely change and the world and cause a lot of mess due to fall of fiats. It is a matter of time before we will pay with cryptocurrencies everyday.

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