[2018-08-25] Google Searches for ‘Bitcoin Price’ Sink to Three-Year Low

darkangel11

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Quote from: hatshepsut93 on August 25, 2018, 08:59:06 AM

Did the author just glanced at the chart and decided that the score for "bitcoin price" is the same as it was 3 years ago? Because I just went to Google trends and checked it, today the score is 9, while in 2015 it was 1 for the whole year. This means that "bitcoin price" is still googled 9 times more than in 2015. So, either the author doesn't know how to look at charts, or they are deliberately spreading FUD.
Also, interesting to note that the searches now are close to where they were in Q1-Q3 2017, so during this bear market Bitcoin is as popular as it was during last year's bull market.

It's the normal way of proving a point at all cost. For instance, if I wanted to prove to the uneducated masses that eating meat is not healthy, I'd write an article quoting every single case of somebody getting sick after eating meat and ignore the rest.
I've seen similar articles that aim to make Bitcoin look bad by showing its price. All they start in a similar manner "bitcoin has lost 15k USD this year" "Bitcoin is down 70% since January", and so on. They don't ad that it has gained the majority of that 15k or 70% in a month. That wouldn't make it look so dramatic, right? Tongue

magneto

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Quote from: BitcoinArsenal on August 25, 2018, 08:23:23 AM

Fewer people are looking up the term “Bitcoin Price” on Google than at any point for more than a year. Data from Google Trends reveals that the search term is approaching historically low levels of popularity not seen since 2015.

Full article on CCN

Searches for "bitcoin price" does not reflect real interest in bitcoin at all. When it goes down, it does not mean that bitcoin adoption is going down.

Quote

I now deliberately search "Bitcoin -price -etf -market", because nearly all the news headlines focus on the price and ETFs. It's beyond tedious. I want the interesting news. It's about goddamn time people stopped vacuously fixating purely on the "price". Bitcoin has more important aspects than how much fiat people are willing to exchange for it.

This as well. A lot of the results that pop up when you search 'Bitcoin Price' are quite ridiculous and clickbaity.

All it means is that most likely people from the mainstream only search for bitcoin price and actively follow it when there is a bull market around. In a bear market like currently, there is rarely any action in the market in terms of upward growth, and it's obvious that once a big correction comes and markets don't move upwards like they used to for a few days, searchers that are only interested in bitcoin as some sort of get rich quick scheme or some novelty will stop searching.

We've seen this correlation before, searches for "bitcoin price" directly correlate to actual bitcoin prices. There's nothing to worry about here.

DooMAD

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Good.

I now deliberately search "Bitcoin -price -etf -market", because nearly all the news headlines focus on the price and ETFs. It's beyond tedious. I want the interesting news. It's about goddamn time people stopped vacuously fixating purely on the "price". Bitcoin has more important aspects than how much fiat people are willing to exchange for it.

RamonBTC

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Does this matters if we have plenty of choices of search engine nowadays. Or sites that offers accurate bitcoin price doubling its numbers because of its popularity.

I don’t get a damn about who said or write a news on just a basis of an alternative reality/truth. KEEP the fudders busy in ineffective propaganda.

Google might be not the same page with cryptocurrency this year or may not in the future. (Using tor browser)

1BTC EQUALS 1CAR

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Those google searches would really go down because there is nothing to see lately on bitcoin's price. But trust me that when the bull run commence, all those searches will blow up again. The market is boring so the people lost interest to check bitcoin at this moment.

cryptofonia

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... since all people who will learn Bitcoin has already did it. Wink

Thekool1s

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Quote

This does not really mean anything though. Based on the way I see it, since 3 years ago, a lot of developments have happened that could be responsible for the drop in the search for what bitcoin price is. Aside from the general assumption that interest in bitcoin has dropped or because a lot of new entrants are no longer coming into the market, others reasons are because:

Exactly! These Fudster have nothing to "cash" on these days, Hence we are seeing garbage articles being spread around. It's like saying Facebook is dying just Because people don't go to facebook through google Undecided

Like what kind of relationship they are trying to prove here? Cuz I can't see one. Even my 60-year-old Aunt uses "Preev" to monitor the price. Jeez! I guess getting paid matters more these days than writing quality content. Lips sealed

audaciousbeing

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Quote from: BitcoinArsenal on August 25, 2018, 08:23:23 AM

Fewer people are looking up the term “Bitcoin Price” on Google than at any point for more than a year. Data from Google Trends reveals that the search term is approaching historically low levels of popularity not seen since 2015.

Full article on CCN

This does not really mean anything though. Based on the way I see it, since 3 years ago, a lot of developments have happened that could be responsible for the drop in the search for what bitcoin price is. Aside from the general assumption that interest in bitcoin has dropped or because a lot of new entrants are no longer coming into the market, others reasons are because:

1. The noise is always during the period where price is on the increase and this is not the time for that and based on current happenings I would't expect anything otherwise.

2. There are several more ways to check bitcoin price without going through Google. We have almost all crypto related websites have a real time update of all major coins prices, there are several apps that shows prices in real time even convert to local currency.

3. Most importantly is the fear of going through Google because of phishing sites that could lead to vulnerability since ads sites comes first on Google.

entrepmind23

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Quote from: BitcoinArsenal on August 25, 2018, 08:23:23 AM

Fewer people are looking up the term “Bitcoin Price” on Google than at any point for more than a year. Data from Google Trends reveals that the search term is approaching historically low levels of popularity not seen since 2015.

Full article on CCN

This may imply that people are not that interested in bitcoin nowadays but then when we compare it to the price, it would just imply that as the price goes higher, the people who would be interested in it would go higher too so as what we can expect from those who search about it last year, they would not search bitcoin because of the low price.

Quote from: Theb on August 26, 2018, 03:00:27 PM

The article is only mentioning some fact in one side of the story, although they completely didn't mention one important possibility that most users probably are going straight to websites like preev, coinmarketcap, and coingecko to know their prices of the cryptocurrencies especially the price of Bitcoin instead of always trying to search prices in Google.

Many people are now knowledgeable about bitcoin due to its price surge last year and most probably has already some applications installed in their phones to directly check the price than find it in google. That extra second or minute of finding it in google is a hassle so we should just directly go to the site since we know it already.

timerland

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Quote from: BitcoinArsenal on August 25, 2018, 08:23:23 AM

Fewer people are looking up the term “Bitcoin Price” on Google than at any point for more than a year. Data from Google Trends reveals that the search term is approaching historically low levels of popularity not seen since 2015.

Full article on CCN

What's surprising here? As markets turn bearish, there is no wonder why bitcoin interest is at a low.

Google search trends basically only encompass only mainstream searchers, as more experienced bitcoin users would rarely search up these terms up on google.

You have to understand that mainstream interest is dominated by market sentiment and price changes. If price rises rapidly, even if it is an unnaturally fast ride, the mainstream will become interested and this will reflect in the google search trends.

Likewise, in a bear market, it's no surprise that mainstream interest would suppressed. This correlates perfectly with the strong recovery that bitcoin had in 2015-2016, which definitely led to most of the surge in popularity of the search term.

All this is saying is that prices are low right now, market sentiments are bearish, and nothing more than that. It means nothing in terms of actual bitcoin adoption, or even development.

Theb

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The article is only mentioning some fact in one side of the story, although they completely didn't mention one important possibility that most users probably are going straight to websites like preev, coinmarketcap, and coingecko to know their prices of the cryptocurrencies especially the price of Bitcoin instead of always trying to search prices in Google. Just like me I stopped googling the words "Bitcoin Price" or "BTC to USD" when I found out and realized that it is more convenient when I go to preev.com directly. We shouldn't waste our time to this kinds of articles where they would relate anything to where BTC is right now, they just creating content in order to have more traffic to their websites.

1Referee

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Quote from: Aikidoka on August 26, 2018, 06:46:22 AM

I, myself, use Google search engine to look for the bitcoin price. It is quite fast and accurate. And I believe there are many others who do the same.

I don't think there are that many people doing the same. In most cases the noobies in the crypto space have portfolio apps monitoring prices and whatnot. They don't need Google for anything. If people solely use Google as reference, they rely on flawed and biased information. Google shows you what they allow you to see.

Quote from: Aikidoka on August 26, 2018, 06:46:22 AM

Such a shame that Google and other social Media banned bitcoin related Ads. They will do anything to demote cryptocurrency.

Facebook allows legitimate crypto services to buy ad space if they walk themselves through the verification procedure, and I believe Google will follow at some later point.

Quote from: Aikidoka on August 26, 2018, 06:46:22 AM

I hope to hear only good news from now on.

Won't happen.

aso118

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Quote from: yatsey87 on August 26, 2018, 06:50:51 AM

Maybe people have learned to actually use bookmarks? Roll Eyes

Pointless typing the same thing into google when there are plenty of sites and exchanges you can use for this. There's also apps that can notify you of changes in value which you can even customize yourself. The coinbase app allows this and is quite useful.

It is the new users who drive up adoption and drive up the price. These people wouldn't really have bookmarked stuff on Bitcoin. Actually, when Bitcoin is in a bull rally, there is a virtuous cycle - the increase in price attracts new users. Right now, that definitely is not happening.

gentlemand

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Quote from: BitcoinArsenal on August 25, 2018, 08:23:23 AM

than at any point for more than a year

Um, yeah. What did anyone expect?

Things are totally boring and dead right now compared to any other point during the last year. I think this metric does still have merit but it's gradually going to fade away as more people get on board and find their preferred sources to refer to.

yatsey87

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Maybe people have learned to actually use bookmarks? Roll Eyes

Pointless typing the same thing into google when there are plenty of sites and exchanges you can use for this. There's also apps that can notify you of changes in value which you can even customize yourself. The coinbase app allows this and is quite useful.

Aikidoka

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Quote from: vit05 on August 25, 2018, 04:07:47 PM

In the past, people did not have much idea of which sites offered the price, graph and how to buy. So most of the research was Bitcoin + what they wanted (price, where to buy, altcoin). Today they may have more saved sites, more apps, and look for more specific terms.

But the term is still much more researched today than it was two years ago.

Bitcoin vs Nasdaq

I, myself, use Google search engine to look for the bitcoin price. It is quite fast and accurate. And I believe there are many others who do the same. And that is a good thing because many more people are interested in bitcoin and more are getting introduced to it. Such a shame that Google and other social Media banned bitcoin related Ads. They will do anything to demote cryptocurrency. I hope to hear only good news from now on.

Spaffin

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Quote from: vit05 on August 25, 2018, 04:07:47 PM

In the past, people did not have much idea of which sites offered the price, graph and how to buy. So most of the research was Bitcoin + what they wanted (price, where to buy, altcoin). Today they may have more saved sites, more apps, and look for more specific terms.

But the term is still much more researched today than it was two years ago.

Bitcoin vs Nasdaq

Of course, those who are interested in the crypto currency have long made the relevant bookmarks in the browser or installed the relevant applications and are looking at the information there, rather than typing constantly about it in the Google search engine. Therefore, such information does not reflect real statistics on this issue. This is just how much you can manipulate if desired by public opinion.

vit05

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In the past, people did not have much idea of which sites offered the price, graph and how to buy. So most of the research was Bitcoin + what they wanted (price, where to buy, altcoin). Today they may have more saved sites, more apps, and look for more specific terms.

But the term is still much more researched today than it was two years ago.

Bitcoin vs Nasdaq

reactorjuno

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Quote from: hatshepsut93 on August 25, 2018, 08:59:06 AM

Did the author just glanced at the chart and decided that the score for "bitcoin price" is the same as it was 3 years ago? Because I just went to Google trends and checked it, today the score is 9, while in 2015 it was 1 for the whole year. This means that "bitcoin price" is still googled 9 times more than in 2015. So, either the author doesn't know how to look at charts, or they are deliberately spreading FUD.
Also, interesting to note that the searches now are close to where they were in Q1-Q3 2017, so during this bear market Bitcoin is as popular as it was during last year's bull market.

Indeed, does not make any sense to me either. There is a strong correlation between the number of articles you can find in the media about Bitcoin and Google searches about it. There must be something wrong, OR more and more people have preev.com in their bookmarks, or similar website, but even that cannot explain the numbers described in that CCN article.

More relevant would be to know how many people have heard about Bitcoin in 2018 compared to 2015, and the conclusion is obvious...

hatshepsut93

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Did the author just glanced at the chart and decided that the score for "bitcoin price" is the same as it was 3 years ago? Because I just went to Google trends and checked it, today the score is 9, while in 2015 it was 1 for the whole year. This means that "bitcoin price" is still googled 9 times more than in 2015. So, either the author doesn't know how to look at charts, or they are deliberately spreading FUD.
Also, interesting to note that the searches now are close to where they were in Q1-Q3 2017, so during this bear market Bitcoin is as popular as it was during last year's bull market.

Topic: [2018-08-25] Google Searches for ‘Bitcoin Price’ Sink to Three-Year Low (Read 332 times)