Topic: Can google trend shows you how to trade bitcoin? (Read 273 times)
There are lots of information about bitcoin in the internet specially on google today's information are can be found thru internet and expect that some of these information are not quite accurate and are missing something so for best result i may suggest you to used these forum instead, there are lots of information about bitcoin that are been pinned post by our moderators.
You can get idea, information and knowledge in google but don't rely on it if you are going to trade bitcoin. Also you can ask a guide to some expert in trading and then do it by yourself because as the day goes by while you keep on trading you will learn a lot by your own and you can create also your own technique on how to trade effectively.
I think google will know when we are trading on exchange market, almost us still use exchange website for trading just few trader use app playtore of exchange. I think look more easy when using website and opening in laptop than have use mobile phone look little for trading. When you opening google and click search for exchange they will know what do you open and what the website you are looking for, almost what we are doing they know because we still use google for browsing, almost data when opening they can see on track with history or internet access.
There are times news sell bitcoin, this only happens when the sentiment is bullish in the space. There have been better news in the space during the bear market than the Jack Dorsey bitcoin acquisition that didnt pump the price. The manipulation is relax and FOMO is allow to find its place although the price can still be controlled. Some dont have immediate effect when the aim is for acquisition, The news of launch of Eth. 2.0 is enough to drive the price but it is driving the acquisition and hoarding which will have a long term effect on price.
Google trend provides limited information like how and why does this happen it will only show you the ups and downs of the movement compared to other sites.
On my end, I still use this though it provides limited information but I can still the changes, consistency, and frequencies of trading in google trend but of course, maybe like the others it will be hard to rely only on this si I still suggest for you to check other sites too which is convenient and easier to understand for you.
On my end, I still use this though it provides limited information but I can still the changes, consistency, and frequencies of trading in google trend but of course, maybe like the others it will be hard to rely only on this si I still suggest for you to check other sites too which is convenient and easier to understand for you.
^ I can say "yes" but will not provide the complete information that a trader needs especially the new one, that may only raise many questions if you will just depend on it. However, on my end I can easily use it for fast-tracking on the trend in bitcoin trading activity, and somehow using this alone I can presume when is the best time for me to trade but I should still advise everyone not to rely on google trend alone.
yes you can use it for your reference but I better use my own analysis based on technical and also fundamental to get a lot of profit, not just following the trend because market trends can change at any time
Google trends may be an indicator to ponder, but not a certainty on which to base decisions solely. To start with, it does not display sentiment nor causality. You see when the term sought for increases or decreases, but you probably know that from the media buzz anyway, and you still have to interpret the trends.
A couple of additional things to consider:
- Google trends data is relative, not absolute. That means that you are seeing information relative to all other searches made on the internet. Mass searches due to a pandemic will lessen the relative score of Bitcoin vs global searches for example, so we don’t have a real measure (even though Bitcoin searches could be increasing, but not as much as Pandemic searches).
- Although perhaps not significantly in amounts, the values can be doctored (or at least Google can mess things up from time to time). For example, during Augost/September 2019, the term ‘BTC’ spiked to unmatched values. ‘Bitcoin’ on the other hand did not. The prevailing theory back then was that someone managed to create mass queries on servers worldwide in order to influence some trading bot/algorithm.
See: https://trends.google.com/trends/explore?date=today%205-y&q=btc,Bitcoin
A couple of additional things to consider:
- Google trends data is relative, not absolute. That means that you are seeing information relative to all other searches made on the internet. Mass searches due to a pandemic will lessen the relative score of Bitcoin vs global searches for example, so we don’t have a real measure (even though Bitcoin searches could be increasing, but not as much as Pandemic searches).
- Although perhaps not significantly in amounts, the values can be doctored (or at least Google can mess things up from time to time). For example, during Augost/September 2019, the term ‘BTC’ spiked to unmatched values. ‘Bitcoin’ on the other hand did not. The prevailing theory back then was that someone managed to create mass queries on servers worldwide in order to influence some trading bot/algorithm.
See: https://trends.google.com/trends/explore?date=today%205-y&q=btc,Bitcoin
Not only google most of your web browsers or search engines because with the use of the internet one click away all of the information within single milliseconds or seconds all of the information you want is posted on a single page. Also, this is a good thing too because you can see which coin and what are the market movement of the coin does possible happen to make another dump or pump having a lot of data and records will help you to make an appropriate strategy.
Shame... such a promising subject title that turns out to be clickbait for an ad... I was prepared to give OP a merit on the subject title alone.
Ignore the clickbait intention and I am discussing the rest part.Quote
I'd be more interesting in knowing what Google search terms tend to spike preceding a bull market move in bitcoin prices. Surely it is not a static list, which is why analyzing the Google Trends results for the same search term might not result in anything fruitful.
The trend is for long term and it is applied (if anyone want to use it) for investment, not for tradings. 
Shame... such a promising subject title that turns out to be clickbait for an ad... I was prepared to give OP a merit on the subject title alone.
I'd be more interesting in knowing what Google search terms tend to spike preceding a bull market move in bitcoin prices. Surely it is not a static list, which is why analyzing the Google Trends results for the same search term might not result in anything fruitful.
I'd be more interesting in knowing what Google search terms tend to spike preceding a bull market move in bitcoin prices. Surely it is not a static list, which is why analyzing the Google Trends results for the same search term might not result in anything fruitful.
There are a lot of websites that are available online that would teach you something about bitcoin or help you to trade cryptocurrency.
But I guess google trend is kinda manipulated on what is trending, and they could totally hype something if your gonna think about it, everything you see could be a lie by google.
Still, at some point, it not overall bad especially when bitcoin is trending, it could easily hype the market.
It seems so and there are so many websites about related searches about the latest bitcoin developments or trends, but it all depends on your judgment as there will be similarities or only slight differences when searches are found.But I guess google trend is kinda manipulated on what is trending, and they could totally hype something if your gonna think about it, everything you see could be a lie by google.
Still, at some point, it not overall bad especially when bitcoin is trending, it could easily hype the market.
Google's doubts can be considered and compared to other website searches, and it is up to those who use them in their search to find accurate bitcoin related information.
Don't settle for one place because there are many other places for comparison to choose accurate and reliable information.
Won't really recommend doing this and would just go directly to tradingview or similar sites that share ideas and formulate techniques on how to trade at a given point in time. While google trends gives you some hints on what happens during a certain period in time, it doesn't fully give you the what's and the why's of that time period, and will just show you that interests over 'x' increased at this point in time, and you would manually need to search for what happened and why it happened. Perhaps for people familiar with data analysis and cleaning this would work, but for normal traders this would be too impractical to use.
Its just really good for reference but not a thing for you to rely on when making up your positioning decisions.It would be more worth if you do just stick with Tradingview and other places that can really provide lots of informations and visuals for you to able.
It is indeed impractical to use or wont really be enough since it doesnt show on things that you would be mainly needed for your own observation which can be used on decision making.
There are lots of similar sites which is really more worth for your time and somewhat really that helpful into your trading or investment career.
There are a lot of websites that are available online that would teach you something about bitcoin or help you to trade cryptocurrency.
But I guess google trend is kinda manipulated on what is trending, and they could totally hype something if your gonna think about it, everything you see could be a lie by google.
Still, at some point, it not overall bad especially when bitcoin is trending, it could easily hype the market.
But I guess google trend is kinda manipulated on what is trending, and they could totally hype something if your gonna think about it, everything you see could be a lie by google.
Still, at some point, it not overall bad especially when bitcoin is trending, it could easily hype the market.
Sharing a site provides real time crypto trading information and trending factors for Bitcoin.
Data for interesting factors like Google Trend, BitMEX open interest comparison are available.
Have already bookmarked it for trading tips.
www.mytradinginfo.com
Do not do it, it may seem a good idea at first since something like Google trends could show you if the market of cryptocurrencies is trending, but you are following the herd if you do this and the way to make money in the markets is by not following it, those that really make money with bitcoin are the ones that go against the public opinion and are willing to hold their positions, as an example do you think the people investing now will make a lot of profits? Even if the market goes up their profit potential should be very limited while those that were unafraid and invested in bitcoin on March of this year when the price plummeted will obtain huge profits by just holding their coins. Data for interesting factors like Google Trend, BitMEX open interest comparison are available.
Have already bookmarked it for trading tips.
www.mytradinginfo.com
Won't really recommend doing this and would just go directly to tradingview or similar sites that share ideas and formulate techniques on how to trade at a given point in time. While google trends gives you some hints on what happens during a certain period in time, it doesn't fully give you the what's and the why's of that time period, and will just show you that interests over 'x' increased at this point in time, and you would manually need to search for what happened and why it happened. Perhaps for people familiar with data analysis and cleaning this would work, but for normal traders this would be too impractical to use.
yes that's right, based on the different timeframes in the article the results will have a very bad impact. However, if you are just looking for information as a knowledge base, I guess that's fine. as reference material regarding trading tips or techniques. Meanwhile, for direct implementation, consultations can be made to fellow traders who have been involved in knowing the ins and outs of trading for a long time. and it is much more effective and efficient, than following a reading based on google which sometimes the information is out of date. 
Won't really recommend doing this and would just go directly to tradingview or similar sites that share ideas and formulate techniques on how to trade at a given point in time. While google trends gives you some hints on what happens during a certain period in time, it doesn't fully give you the what's and the why's of that time period, and will just show you that interests over 'x' increased at this point in time, and you would manually need to search for what happened and why it happened. Perhaps for people familiar with data analysis and cleaning this would work, but for normal traders this would be too impractical to use.
It seems to me that Google has a negative attitude to the crypto industry. So don't expect anything good.
Sharing a site provides real time crypto trading information and trending factors for Bitcoin.
Data for interesting factors like Google Trend, BitMEX open interest comparison are available.
Have already bookmarked it for trading tips.
www.mytradinginfo.com
Data for interesting factors like Google Trend, BitMEX open interest comparison are available.
Have already bookmarked it for trading tips.
www.mytradinginfo.com
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