Author

Topic: Bitcoin price and Google search trend correlate pretty well :) (Read 1100 times)

legendary
Activity: 1834
Merit: 1009
Moon launch = media speaking about Bitcoin = people searching for it. Also the herd people that enter the market at the top to lose money after the correction.

Of course use the search trend to predict rises won't work.
legendary
Activity: 1316
Merit: 1000
We need interest beyond price.

Price helps bring in new... everything also though, we do need interest beyond price but its all very important variable maybe 2nd only to the original design of bitcoin itself.
newbie
Activity: 28
Merit: 0
We need interest beyond price.
newbie
Activity: 28
Merit: 0
it's interesting how people seem to know something is going on before the news. The price starts to drop and goes volatile early December, then the news came out on the 18th of December: "BTC china banned deposits in yuan following new restriction imposed by the central bank" (the news event at the peak of google trend)
legendary
Activity: 1120
Merit: 1000
that is because big increases makes a good opportunity to make a quick earn
however that what people who looks for it in google(that is people who doesn't bitcoin)
it is also related to the news of big increases in newspapers and tv news
newbie
Activity: 28
Merit: 0
Just thought this was interesting when I was looking at google trends Grin

http://www.google.com/trends/explore#q=bitcoin
http://i58.tinypic.com/2n659aq.png

price chart from bitcoinwisdom
http://i61.tinypic.com/2gv77gl.png
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