[2014-05-07] Global searches for "What is Bitcoin" has increased by 1116%

lovegood

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Quote from: fatty_but_happy on May 08, 2014, 11:45:17 AM

Quote from: bryant.coleman on May 08, 2014, 06:04:52 AM

Quote from: lovegood on May 07, 2014, 10:47:15 PM

This interesting info proves that the use of Bitcoin is growing.

The transaction volume has been declining for the past few months or so. Well... let's hope that more people are using Bitcoin as a currency, rather than viewing them as a form of investment.

ITA! But in order to make it happen we need more companies which will accept bitcoin as payment

Today I looked the list of countries where legalized Bitcoin and I think that the spread of Bitcoins worldwide is almost over.
This means that it will be a lot of companies which will accept bitcoin as payment in future Cheesy

b!z

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What is Bitcoin?

bryant.coleman

legendary

Activity: 3808

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Quote from: medicine on May 08, 2014, 04:56:02 PM

I am also confused why I see nothing but growth indications all over the internet and in the real world, yet the price continues to fall. Of course price is secondary at this point, but this is exactly why I don't trade stocks. The news rarely correlates to price movement. Bitcoin as a network grows on its own. We just have to keep educating new adopters and debunking FUD.

Be patient... things doesn't change overnight. After such a massive scam as the one which occurred at Mt Gox, it will take a few months to get the investor confidence back. It will not happen in a day or two.

hilariousandco

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Quote from: medicine on May 08, 2014, 04:56:02 PM

I am also confused why I see nothing but growth indications all over the internet and in the real world, yet the price continues to fall. Of course price is secondary at this point, but this is exactly why I don't trade stocks. The news rarely correlates to price movement. Bitcoin as a network grows on its own. We just have to keep educating new adopters and debunking FUD.

Well I think bad news obviously has more of an impact than positive news (thought their hasn't really been any massive good news recently, but there has been a lot of slow but steady growth/adoption). I really just wish people would stop panic selling on the whiff of the next piece of bad news (which usually turns out to be FUD any way).

fryarminer

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Quote from: medicine on May 08, 2014, 04:56:02 PM

I am also confused why I see nothing but growth indications all over the internet and in the real world, yet the price continues to fall. Of course price is secondary at this point, but this is exactly why I don't trade stocks. The news rarely correlates to price movement. Bitcoin as a network grows on its own. We just have to keep educating new adopters and debunking FUD.

eh. It takes about a month or so (in my experience among my friends) between the time a guy gets interested and finally takes a leap. All these people interested today will be bumping the price up in a month or so.

medicine

hero member

Activity: 697

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I am also confused why I see nothing but growth indications all over the internet and in the real world, yet the price continues to fall. Of course price is secondary at this point, but this is exactly why I don't trade stocks. The news rarely correlates to price movement. Bitcoin as a network grows on its own. We just have to keep educating new adopters and debunking FUD.

bryant.coleman

legendary

Activity: 3808

Merit: 1219

Quote from: fatty_but_happy on May 08, 2014, 11:45:17 AM

ITA! But in order to make it happen we need more companies which will accept bitcoin as payment

The number is growing at a brisk pace, albeit silently. Just because most of the companies who decide to adopt Bitcoin are either mid-size or small-size, there is not much hype about it.

fatty_but_happy

newbie

Activity: 54

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Quote from: bryant.coleman on May 08, 2014, 06:04:52 AM

Quote from: lovegood on May 07, 2014, 10:47:15 PM

This interesting info proves that the use of Bitcoin is growing.

The transaction volume has been declining for the past few months or so. Well... let's hope that more people are using Bitcoin as a currency, rather than viewing them as a form of investment.

ITA! But in order to make it happen we need more companies which will accept bitcoin as payment

bryant.coleman

legendary

Activity: 3808

Merit: 1219

Quote from: turvarya on May 08, 2014, 06:42:50 AM

Bitcoin has been viewed 1346386 times in 201304.
Bitcoin has been viewed 370928 times in 201404.

Can't have a decent comparison there. In April 2013, Bitcoin generated a lot of hype, as it crossed the $100 mark for the first time. On the contrast, nothing of importance happened to Bitcoin in April this year.

BitOnyx

member

Activity: 112

Merit: 10

Cryptocurrencies Exchange

Bitcoin is getting more and more popular.

At some point it should go even beyond it

aigeezer

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Cryptanalyst castrated by his government, 1952

Quote from: hilariousandco on May 08, 2014, 06:19:12 AM

Quote from: bryant.coleman on May 08, 2014, 06:04:52 AM

Quote from: lovegood on May 07, 2014, 10:47:15 PM

This interesting info proves that the use of Bitcoin is growing.

The transaction volume has been declining for the past few months or so. Well... let's hope that more people are using Bitcoin as a currency, rather than viewing them as a form of investment.

I'm sure there's more hodlers than there is spendlers at the moment Cheesy

. Doesn't make that much sense to spend if you're going to actually lose money. I imagine there's still a lot of people holding from buying in at $1000+, so holding until a spike is their only option at the moment.

I tend to keep my head down, just mining, but from that perspective the relentless difficulty increases suggest relentless growth of - something.

You've got to know when to hodl 'em,
Know when to fodl 'em,
Know when to wakl away, and
Know when to rnu.

turvarya

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Activity: 714

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Quote from: bryant.coleman on May 07, 2014, 07:11:19 AM

The visits have increased for the Bitcoin article in Wikipedia also:

March 2014: 885,530
Feb 2014: 941,499
Jan 2014: 1,046,868

March 2013: 624,785
Feb 2013: 216,091
Jan 2013: 161,259

http://stats.grok.se/en/201301/Bitcoin

But it seems to have declined pretty much in April 2014, where else it was pretty high in April 2013:

Bitcoin has been viewed 1346386 times in 201304.
Bitcoin has been viewed 370928 times in 201404.

Bitcoin has been viewed 624785 times in 201303
Bitcoin has been viewed 885530 times in 201403

hilariousandco

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Quote from: bryant.coleman on May 08, 2014, 06:04:52 AM

Quote from: lovegood on May 07, 2014, 10:47:15 PM

This interesting info proves that the use of Bitcoin is growing.

The transaction volume has been declining for the past few months or so. Well... let's hope that more people are using Bitcoin as a currency, rather than viewing them as a form of investment.

I'm sure there's more hodlers than there is spendlers at the moment Cheesy

. Doesn't make that much sense to spend if you're going to actually lose money. I imagine there's still a lot of people holding from buying in at $1000+, so holding until a spike is their only option at the moment.

bryant.coleman

legendary

Activity: 3808

Merit: 1219

Quote from: lovegood on May 07, 2014, 10:47:15 PM

This interesting info proves that the use of Bitcoin is growing.

The transaction volume has been declining for the past few months or so. Well... let's hope that more people are using Bitcoin as a currency, rather than viewing them as a form of investment.

hilariousandco

global moderator

Activity: 4046

Merit: 2732

Join the world-leading crypto sportsbook NOW!

Quote from: lovegood on May 07, 2014, 10:47:15 PM

This interesting info proves that the use of Bitcoin is growing.

It's not surprising really but only logical. We can see the growth without google figures. I'm sure the number will keep increasing steadily over the next couple of years too.

erono

sr. member

Activity: 434

Merit: 250

Bitcoin exists regardless of whether or not you have heard of it.

lovegood

newbie

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This interesting info proves that the use of Bitcoin is growing.

IMO, it is good for all kinds of cryptocurrencies.

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

The current #1 search result for "What is Bitcoin" is a CNN article
http://money.cnn.com/infographic/technology/what-is-bitcoin
titled "What is Bitcoin?"

They could have gone for a much more interesting title, but in this case the simple plain version gets really good search engine results.

BitcoinTraders

full member

Activity: 126

Merit: 100

It was very interesting for me because i have been in the bitcoin world for only 1-2 month!
Thanks for sharing!

bryant.coleman

legendary

Activity: 3808

Merit: 1219

The visits have increased for the Bitcoin article in Wikipedia also:

March 2014: 885,530
Feb 2014: 941,499
Jan 2014: 1,046,868

March 2013: 624,785
Feb 2013: 216,091
Jan 2013: 161,259

http://stats.grok.se/en/201301/Bitcoin

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

Global searches for "What is Bitcoin" has increased by 1116% compared to the same period of last year

The global search volume for that keyword was:

In March 2013: 18,100.

In April 2013: 74,000.

In March 2014: 201,000

http://de.reddit.com/r/Bitcoin/comments/24vok3/this_is_why_i_believe_in_the_future_of_bitcoin/

the rise and rise of bitcoin Wink

Topic: [2014-05-07] Global searches for "What is Bitcoin" has increased by 1116% (Read 1380 times)