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When was the last time you used Bitcoin? (Payment, Friends, etc.)
(discuss.tchncs.de)
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation, corrupt bankers and politicians. With Bitcoin, you can be your own bank.
All speculative bubbles burst. That's why they're created: to profit off investors until that point in time.
The thing that makes crypto worse than other bubbles is that it provokes investors to waste energy resources in the process. And since everyone can mine, they create the illusion of risk-free investment. "I only have to keep mining until I break even if worst comes to worst" is a sentence I've heard way too much. It's only true as long as the market doesn't collapse.