Author

Topic: A look at Google trends (Read 1094 times)

legendary
Activity: 2632
Merit: 1023
May 03, 2013, 12:09:55 AM
#7
Interest in bitcoin seems to be heading down.

http://www.google.com/trends/explore#q=bitcoin&date=today%203-m&cmpt=q



Now let's compare with the exchange rate:



There seems to be a strong correlation, which broke down at about 14th of April when the exchange rate started to climb again. I wonder why?

cheap coins yay!!!
hero member
Activity: 756
Merit: 501
There is more to Bitcoin than bitcoins.
May 02, 2013, 07:17:11 PM
#6
The price influences google trends, not the other way around.
This is correct.
hero member
Activity: 728
Merit: 500
May 02, 2013, 07:14:57 PM
#5
The price influences google trends, not the other way around.
full member
Activity: 122
Merit: 100
May 02, 2013, 07:07:34 PM
#4
Based on this $60 to $70 seems a reasonable target price.
sr. member
Activity: 350
Merit: 250
"Don't go in the trollbox, trollbox, trollbox"
May 02, 2013, 05:53:20 PM
#3
Yeah makes sense. The price is dropping to what it would be without the latecoming speculators. Start again and build up from a higher base. Things are moving quicker than 2011 though.
legendary
Activity: 2156
Merit: 1018
Buzz App - Spin wheel, farm rewards
May 02, 2013, 02:06:16 PM
#2
Not to hard to figure out.  

BTC was receiving a lot of press.

So all the dudes and dudettes that heard of it & found it interesting decided to read up on it.

Now they know about it, and so it is not as interesting to many of them anymore.

People have short attention spans.

End of my story.


It'll be back in the press. I'm still waiting for the inevitable 'Bitcoin funds terrorism' news scare that I'm pretty sure will come one day, probably a few days before a big U.S regulation push.
member
Activity: 66
Merit: 10
May 02, 2013, 01:46:29 PM
#1
Interest in bitcoin seems to be heading down.

http://www.google.com/trends/explore#q=bitcoin&date=today%203-m&cmpt=q



Now let's compare with the exchange rate:



There seems to be a strong correlation, which broke down at about 14th of April when the exchange rate started to climb again. I wonder why?
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