Bitcoin and other cryptocurrencies have become very popular due to the high earnings that can be achieved by trading bitcoins on exchanges. This is a way to earn money quickly and also to quickly lose all your savings. Despite the appeals of various high-risk countries and the possibility of a bursting bitcoin bubble, there is no shortage of people willing to buy cryptocurrencies.
New cryptocurrencies are created all the time that mimic bitcoin but do not play such a large role in the cryptocurrency market as bitcoin. Bitcoin has become a pillar of cryptocurrencies. Many economists have raised the alarm that this is one of the biggest financial bubbles to date, affecting everyone around the world. People compete in digging successive blocks regardless of the risk that this process entails.
The propaganda about bitcoin that was created is one of the largest and most effective. Analysts are wondering when it will break, and thus lead to bankruptcy of many citizens.
The question "Why Bitcoin has become such a credible financial bubble" was asked by a psychology professor from the University of Cambridge, who was not able to clearly state why it happened and this process is subject to deep behavioral analysis, which is a long-lasting process. We still have to wait for the results.
Our observations show that such trust is caused by the great involvement in cryptocurrencies of public figures and people who have achieved success in their lives, e.g. Elon Musk and people of such a format. Before making a decision to invest on the bitcoin exchange, remember that this form of payment is not subject to the supervision of financial institutions, which means that such investments can be gambled.
It is important that we have reliable sources of knowledge on this subject. Below is a list of sites that are worth paying attention to: