Bitcoin Iran keywords Google interest over time explode! - page 3.

Thekool1s

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Quote from: AmoreJaz

theres no denying the fact that the sudden surge of bitcoin price last couple of days has something to do with the ME situation.

Iran isn't in middle east, it's in Western Asia... smdh... I can show you 100 "alternate facts" which will show it has nothing to do with Iran... Roll Eyes

Quote from: GreatArkansas

I'm pretty sure this is because on the current issue there.

Hardly the pump we saw was directly linked with $500 million which was injected into the Tether market^[1]... What I find amusing is how dumb are people these days... Why would people in war buy something which they will have no access to... With war comes limited communications and internet access. Cryptocurrencies are the last thing you want to invest in when your life is in danger... Roll Eyes

Quote from: pooya87

this is already old news. it started before the war drama in the region and it was because some people were spreading the false information about bitcoin price being $20000 in Iran simply because they made a mistake in their calculations. and the news became viral!

This is the most likely the reason there was a spike in google trends...

Source:
[1] https://medium.com/@BayesIn/bitcoin-climbs-as-tether-gets-500m-injection-in-5-minutes-8e60dae9812

piebeyb

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I'm still not sure that the Iran conflict has an impact on the price of bitcoin, I see the same graph on Google keyword search and get trends like the above, maybe not all countries are the same, if this news has an effect on the price of bitcoin maybe bitcoin likes to party when there is war in the world Even though we know that bitcoin can be the safest investment in the event of a world war, I am still not convinced that the price of bitcoin is rising high because of the Iran conflict.

sunsilk

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Quote from: hatshepsut93 on January 09, 2020, 08:37:19 PM

Now switch to "global" and instead of only the US, and you'll see an interesting picture - this keyword is the most popular in Nigeria (100), twice less popular in Iran (50) and is somewhere in the bottom of the list in the US (13). This means that this keyword is really small, so the fact that it's so popular right now doesn't mean anything for Bitcoin. Don't create hype out of nothing.

I did and yes it's that Nigeria that mostly search on google. I thought it's about the premium price of bitcoin there and everyone is interested to sell the bitcoins that they have or even planned to go there.

Looking at the geographical map, it's most of North American and part of South America who were really interested in it. As for Australi, I think it's about the bitcoin donations that are coming to help to take down the bushfires and help the affected victims.

prem1852

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That Actually happened cause BTC Acting as a safe place to store funds. Investors believe that it is safe to put theit funds on a decentralized system. So Bitcoin is the first choice, it is totally free from any kind of geopolitical risk & sovereign interference.

CryptoBry

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Quote from: AmoreJaz on January 09, 2020, 06:43:39 PM

theres no denying the fact that the sudden surge of bitcoin price last couple of days has something to do with the ME situation. and since Trump decided not to strike back, bitcoin slows down and go below $8k again. if the other end decided not to retaliate, there will be no war happening. and i guess that is for the betterment of both sides. i dont know how much the price of bitcoin now in iran but more then likely much higher than the rest of the world.

While there are those who are saying that the latest little surge of the BTC price has nothing to do with the Iran-USA conflict since there is no factual evidence that people of Iran are buying BTC in droves, the fact of the matter is that this is true. And it is because we are not actually talking here of the Iran market but of the global BTC market where some people can be thinking that the war will result into a higher price hence there can be more demand. I really don't understand why there are those who are just thinking of the Bitcoin in Iran because the marketplace is all about perception and projection. Now that BTC is tracing back because of Trump's decision not to escalate the war, that is enough evidence that there is really a big connection here.

mk4

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While that chart sure is interesting, but it pretty much just shows how people in the United States are searching using the keyword "bitcoin iran", but not necessarily Iranians searching for "bitcoin".

Here's a more interesting chart:

It pretty much shows how much the Iranians are searching for bitcoin, well, unfortunately, it doesn't live up to the hype people are expecting; that Iranians are throwing their money onto bitcoin as a safe haven or something.

Sure, a small spike on the Nov 17-23, but still not as significant of a spike as people are implying.

th3nolo

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Quote from: GreatArkansas on January 09, 2020, 06:35:27 PM

About this topic, I'm a little bit amazed on the interest of Bitcoin Iran keyword when I tries to look up on it on google trends.

I'm pretty sure this is because on the current issue there.
And there's some rumor recently that the price of Bitcoin in Iran was something doubled or more than the original price of Bitcoin.

@Everyone, could this kind of event have a possible positive effect on the price of Bitcoin?

While I believe Bitcoin is a safe-haven asset, I don't think that IRAN, USA and Bitcoin are connected. It's just speculation, more time is needed to define a positive association between wars and Bitcoin.

If there's an increase on these search terms it's simply because there are too many articles talking about the alleged selling of Bitcoins at 25K in Iran, which is false.

pakhitheboss

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Quote from: GreatArkansas on January 09, 2020, 06:35:27 PM

About this topic, I'm a little bit amazed on the interest of Bitcoin Iran keyword when I tries to look up on it on google trends.

I'm pretty sure this is because on the current issue there.
And there's some rumor recently that the price of Bitcoin in Iran was something doubled or more than the original price of Bitcoin.

@Everyone, could this kind of event have a possible positive effect on the price of Bitcoin?

P.S. I am really sad for what happening in Iran now.

Bitcoin price is calculated in USD, due to the severe economic crackdown the price of Iran's fiat currency has gone down drastically in USD. If the people of Iran show that kind of interest also it will not affect the market.

Above all investing in Bitcoin in the time of crisis doesnot indicates people are willing to adopt Bitcoin. They are investing because of the fear of losing out their money as soon as the crisis is o ver they will then stop investing in Bitcoin.

Getmon

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Quote from: blckhawk on January 09, 2020, 09:14:47 PM

That search term must be from other countries and not in Iran. Remember that they have ongoing ban on internet access, and such amount of search traffic is most likely to have been caused by Bitcoin investors since they know that when such crisis breaks out, manipulation starts to take place, or they're just hoping that demand is really increasing in Iran, which is clearly not the case.

This is also my thoughts on this one. It is not the Iranians themselves who caused this massive increase of Google search of Bitcoin Iran. It could even be caused by a lot of curious people around the world which are prompted by the misleading articles about the price of Bitcoin in Iran rising to as high as $24,000, which is clearly more fake news than truth.

blckhawk

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That search term must be from other countries and not in Iran. Remember that they have ongoing ban on internet access, and such amount of search traffic is most likely to have been caused by Bitcoin investors since they know that when such crisis breaks out, manipulation starts to take place, or they're just hoping that demand is really increasing in Iran, which is clearly not the case.

hatshepsut93

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Now switch to "global" and instead of only the US, and you'll see an interesting picture - this keyword is the most popular in Nigeria (100), twice less popular in Iran (50) and is somewhere in the bottom of the list in the US (13). This means that this keyword is really small, so the fact that it's so popular right now doesn't mean anything for Bitcoin. Don't create hype out of nothing.

diahsw

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I am also concerned about what happened between America and Iran. but to track the price of bitcoin in iran is quite interesting, because I've also heard from a news, but I forgot the news source, which says the price of bitcoin in iran is double the actual price, it's very interesting to find out .. !!

LbtalkL

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If bitcoin Iran or War means Bullrun or something I would prefer and wish it will stay at $7k with no war and all countries is at peace. But I guess this speculation and price hike is only at IRAN and some says it is fake.

akirasendo17

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This is a pure manipulation , and what have happen in iran and america, made people behind the pump rich, but since the tension come to halt im sure the price will go down in a matter of weeks or so, I mean how will that war will be able to help the blockchain and digital world, war only bring chaos, and with it the future will be darker, if that happens , clearly its taking advantage of the situation is not a growth for the crypto community and both parties of the county under conflict, such a disgrace for those people

BitMaxz

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It seems that the big search comes from united states and talking about world war III.

You can also notice this one using these terms "Iran–Iraq War" or just "war" so it means this is because of the world war III both keywords are connected to Bitcoin Iran.

Look at this old thread from here related to war What is the impact of WW3 on Bitcoin and Crypto?

There is much news in Google-news about this and it's getting viral.

AmoreJaz

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theres no denying the fact that the sudden surge of bitcoin price last couple of days has something to do with the ME situation. and since Trump decided not to strike back, bitcoin slows down and go below $8k again.
if the other end decided not to retaliate, there will be no war happening. and i guess that is for the betterment of both sides.
i dont know how much the price of bitcoin now in iran but more then likely much higher than the rest of the world.

GreatArkansas

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About this topic, I'm a little bit amazed on the interest of Bitcoin Iran keyword when I tries to look up on it on google trends.

I'm pretty sure this is because on the current issue there.
And there's some rumor recently that the price of Bitcoin in Iran was something doubled or more than the original price of Bitcoin.

@Everyone, could this kind of event have a possible positive effect on the price of Bitcoin?

P.S. I am really sad for what happening in Iran now.

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