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Topic: Curious About Bitcoin. - page 2. (Read 447 times)

sr. member
Activity: 882
Merit: 258
★Bitvest.io★ Play Plinko or Invest!
February 18, 2020, 10:53:55 AM
#9
It is obvious to answer that question or statement and it is simply because of the massive impact of the bullish of the bitcoin that's why the number of person who are searching about bitcoin increase. In which it becomes one of the trend in google platform and also the number of the searching about bitcoin halving increase maybe this is because they noticed that the bullish of the bitcoin is due to the bitcoin halving that will happen on the month of may.
hero member
Activity: 1190
Merit: 568
Sovryn - Brings DeFi to Bitcoin
February 18, 2020, 10:37:49 AM
#8
<…>
That’s partly what I was on about before. See the image in Google Trends, and the list of top countries where a given term is sought, is always expressed in relative terms (*). Since we know the source of the chart provided by @Debonaire217 is Google Trends, we can at least go to the site, and find out what it tells us about their method to obtain their information. That way, when we Nigeria figuring as the top country where the term "Bitcoin" is sought, we can understand that data is relative, and not absolute.

(*) Relative terms here means that Nigeria, according to Google Trends, searches for the term "Bitcoin" in greater proportion to all Google search terms in Nigeria than any other country. This is therefore in relative terms (relative to the total number of searches in the region), but not in absolute terms, as those shown in the OP. That’s why I’m particularly interesting in understanding here where the absolute values in the OP came from.

For example, say that the term Bitcoin is sought in a given timeframe (made-up numbers):
1. Nigeria:          100.000 over 10.000.000 searches. -> Ratio 1,00%
2. South Africa   120.000 over 13.000.000 searches. -> Ratio 0,92%
3. Austria           250.000 over 28.000.000 searches. -> Ratio 0,89%
4. Switzerland      55.000 over 12.000.000 searches. -> Ratio 0,46%
5. Ghana             80.000 over 100.000.000 searches. -> Ratio 0,08%

So, in the above scenario, Nigeria would figure in Google Trends as the top country searching for the term "Bitcoin", despite it being the third in absolute value of the above list.

The charts work in a similar manner, where the peak search date ratio is taken as the 100 value, and all other data points in the chart are the result of relativizing the ratios to the peak ratio.

Little by little each country many people become more interested in Bitcoin due to its unexpected rising value, that's why the result of demand of Bitcoin become much more increase. All of us have desire to have it so its not new if there's a lot search about bitcoin not only in one country but also around the world. We cant blame these people because even ourselves is curious about Bitcoin.
legendary
Activity: 3542
Merit: 1352
February 18, 2020, 10:15:48 AM
#7
The interest of the people only arouses whenever a price appreciation is currently happening on bitcoin. Had it not been for the said increase in price, the search trends would be a lot different and may not even contain the word 'bitcoin' in it. Most people would likely search for other things they encounter on the daily.

Let's face it, people search for bitcoin just to feed their curiosity about it. More often than not, they'll just leave the topic hanging on the top of their heads until they completely forget about it.
legendary
Activity: 2338
Merit: 10802
There are lies, damned lies and statistics. MTwain
February 18, 2020, 10:04:45 AM
#6
<…>
That’s partly what I was on about before. See the image in Google Trends, and the list of top countries where a given term is sought, is always expressed in relative terms (*). Since we know the source of the chart provided by @Debonaire217 is Google Trends, we can at least go to the site, and find out what it tells us about their method to obtain their information. That way, when we Nigeria figuring as the top country where the term "Bitcoin" is sought, we can understand that data is relative, and not absolute.

(*) Relative terms here means that Nigeria, according to Google Trends, searches for the term "Bitcoin" in greater proportion to all Google search terms in Nigeria than any other country. This is therefore in relative terms (relative to the total number of searches in the region), but not in absolute terms, as those shown in the OP. That’s why I’m particularly interesting in understanding here where the absolute values in the OP came from.

For example, say that the term Bitcoin is sought in a given timeframe (made-up numbers):
1. Nigeria:          100.000 over 10.000.000 searches. -> Ratio 1,00%
2. South Africa   120.000 over 13.000.000 searches. -> Ratio 0,92%
3. Austria           250.000 over 28.000.000 searches. -> Ratio 0,89%
4. Switzerland      55.000 over 12.000.000 searches. -> Ratio 0,46%
5. Ghana             80.000 over 100.000.000 searches. -> Ratio 0,08%

So, in the above scenario, Nigeria would figure in Google Trends as the top country searching for the term "Bitcoin", despite it being the third in absolute value of the above list.

The charts work in a similar manner, where the peak search date ratio is taken as the 100 value, and all other data points in the chart are the result of relativizing the ratios to the peak ratio.

Edit: Comparing some of the terms in the OP, Google Trends only shows "Bitcoin" as significant:
https://trends.google.com/trends/explore?q=Bitcoin,%22Bitcoin%20price%20today%22,%22Bitcoin%20price%20USD%22,%22Bitcoin%20News%22
full member
Activity: 1442
Merit: 153
★Bitvest.io★ Play Plinko or Invest!
February 18, 2020, 09:21:32 AM
#5
Bitcoin started its new year by raising the price, and people's interest and the result is Google search for "bitcoin" has increased about half since December.

In bitcoin, Nigeria gains the most interest and standing on top. Nigeria has consistently topped the chart in the past 12 months.

These are some keywords searched most on Google.

Keywords.                                      Search no.

Bitcoin.                                                1.8M

Bitcoin today price.                               2.7M

Bitcoin price.                                        2.7M

Bitcoin price today.                               2.7M

Bitcoin news.                                       201000

Bitcoin price USD.                                90500 



This is a good sign for all of us, knowing the frequency of people searching stuffs about bitcoin means that they are gaining interest about investing on it. If this would continue, it might help us in making bitcoin's value go high once again, even higher than before. Bitcoin's value started great at the beginning of the year and let us hope it would continue on having good records so that we can all gain benefit from it. Let us stay tune too on the upcoming halving cause it is a great opportunity to increase our investment and make it more beneficial.
sr. member
Activity: 644
Merit: 364
In Code We Trust
February 18, 2020, 08:39:43 AM
#4
We all know how a conjecture could be turned into a powerful stand or point when we incorporate numbers in it, in case of the OP, in order to make sure that we are executing our thoughts and ideas using statistics effectively, we should state whether the data we gathered are from our own, or else, credit someone who created it by simply sharing the list nearly the same idea like what ddmrddmr said.

Going back to the topic, we could visit this Link

This shows interest to the word 'bitcoin' set by category = worldwide, wherein, in June 23-29, 2019 is considered to have the highest searches

Sorted by Region, with the Top5:
1. Nigeria
2. South Africa
3. Austria
4. Switzerland
5. Ghana

Here are Some Related Topics (Top 5):
1. Brazilian real
2. Cash App - Topic
3. Mercado Bitcoin - Financial institution in São Paulo, Brazil
4. eToro - Financial services company
5. Mercado Bitcoin - Company

And Related Queries (Top 5):
1. bitcoin price x2 double your btc moon bitcoin live
2. bitcoin superstar
3. bitcoin doubler club
4. bitcoin era
5. bitcoin halving 2020


Perhaps, we could look at other trusted sites to compare information that they've collected, then infer meaning based from the statistics we gathered.
legendary
Activity: 2338
Merit: 10802
There are lies, damned lies and statistics. MTwain
February 18, 2020, 08:10:56 AM
#3
<…>
You need to state the source for that information, in order to:

- Avoid being accused of plagiarism (were it to be the case).
- Allow for other to understand the exact origin of the data shown in the OP, and its context.
- Allow for others to dig further into the way the data was obtained, to asses it’s correctness (when applicable).
legendary
Activity: 2576
Merit: 1860
February 18, 2020, 07:54:51 AM
#2
And the search keywords suggest the typical impression of Bitcoin and the way it is being treated not just to most newcomers but also to many owners: a way to earn, a store of value, an investment, a speculative asset, and the like.

I am curious why there are no keywords such as Bitcoin and blockchain, or Bitcoin features, or perhaps Bitcoin basics, or Bitcoin design?
newbie
Activity: 18
Merit: 2
February 18, 2020, 07:31:41 AM
#1
Bitcoin started its new year by raising the price, and people's interest and the result is Google search for "bitcoin" has increased about half since December.

In bitcoin, Nigeria gains the most interest and standing on top. Nigeria has consistently topped the chart in the past 12 months.

These are some keywords searched most on Google.

Keywords.                                      Search no.

Bitcoin.                                                1.8M

Bitcoin today price.                               2.7M

Bitcoin price.                                        2.7M

Bitcoin price today.                               2.7M

Bitcoin news.                                       201000

Bitcoin price USD.                                90500 


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