Google Searches of Bitcoin - page 3.

sunsilk

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Quote from: GreatArkansas on February 12, 2020, 08:36:32 PM

Quote from: sunsilk on February 12, 2020, 06:55:00 PM

Least expected I guess.

Bitcoin is skyrocketing again and those searches are from people who are interested again of watching the price rally of bitcoin. And I think, they are in between now whether to buy before it pumps more or wait until it dips.

Smells like incoming Fear Of Missing Out (FOMO). It's normal for Google Searches that can track current trends and on Bitcoin side; it's already given, once the price is slowly climbing, here the people started to look on it like new people introduced Bitcoin for the first time.
But that 33% increase in Google Searches of Bitcoin is doesn't mean all or must of them are buying Bitcoin or using Bitcoin.

It is coming and I just wish that it wouldn't the same as 2017 because that was a temporary pump and was quickly followed by a massive dump. I hope that by this time it's going to be a gradual rise which will have a stable price.

Yup, not all of them will buy but the interest and sentiment has quickly increased and it will be a factor to contribute for this upcoming or actual bull run that we have right now.

traderethereum

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I see that it goods for bitcoin popularity because soon, more people will know about bitcoin, and they will join in bitcoin world like what we did. I think the advertisement for bitcoin is everywhere so that it can attract more new people to see bitcoin and that can make them curious. Once they are interested, they will search for more information, and that can be a way for them to learn about bitcoin. If we can spread more about bitcoin on the internet, it will allow many people to read about bitcoin.

Theo222

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Google searches about Bitcoin went up so? I think there is nothing special about it.
This doesn't mean that the market would go up we don't even know if they are some new about Bitcoin or just maybe checking the price every now and then.
We couldn't tell if this would bring a new investors to the market or the rise is due to us investors who are always checking the price.

Meowth05

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This only imply that Bitcoin and the rest of cryptocurrencies are entering the mainstream once again. The fact that halving is getting closer, people tend to go back at the business believing that we bullish market will revert just like happened way back before. Entering the zone worth of $10k of Bitcoin makes everyone wonder and interested but what if Bitcoin set a new record of ATH, pretty sure this will absolutely boost Bitcoin related topics more further.

pooya87

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Quote from: RapTarX on February 12, 2020, 11:19:32 AM

Price of bitcoin and google trend for bitcoin has correlation. It's common though; whenever BTC goes up, more media, more news and more people knows about this. As a result, people do much search on google about BTC. Moreover, when price goes up, people used to have more information on it (My experience Cheesy

) As you can see the trend was at ATH when BTC price was ATH as well at December 2017.

that is true but it should be mentioned that the relationship is a one way thing from price to the search trend not the other way around. some people make the mistake of thinking that whenever there is a spike in google trends it is "followed by" a price rise. but it is not true, in fact the exact opposite is true meaning when price goes up it is followed by a spike in price.
surprisingly you can even see some people use google trends in their speculation!!!

peter0425

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that 33% coming from How many searches?because it can be same users that searching time and time again that is why the percentage goes up but not really a thing to celebrate.
searches are nothing if the investment is not going follow because search cannot make the price grow mate.
but thanks for the share though i don't see anything important,Sorry.

alexsandria

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There is so many reasons why the searching of bitcoin by the people have increase and this is already because on the reason that the value or the price of bitcoin has gone so good in which it is already in $10,300 already and still continuously pumping up and we already also known that this is also because on the reason that the bitcoin halving will definitely come right now so this probably the main reason why the percentage of the person who are currently searching on google about bitcoin and bitcoin halving has increased.

bgaf

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Quote from: Velkro on February 12, 2020, 08:09:06 PM

Which could trigger price movement up or it won't Cheesy

.
You never know, if 33% is enough to make ripple effect or it needs 50-70%.

Yes it could trigger IMO, ripple effect doesn't really concern the possibility of such surge especially if the market is full of hype. Like the halving of btc which literally gain so much effect since the start of 2020.

Quote from: sunsilk on February 12, 2020, 06:55:00 PM

And I think, they are in between now whether to buy before it pumps more or wait until it dips.

Still weighing if the time is actually good and can produce a good profits if they turn or decided to buy now. But only traders can specifically predict which track btc could dive. For now, I think better yet to trade minimal btc and keep holding cause halving is just 3months away. I dont know if the market can still pullback in spite of continuous pump.

pakhitheboss

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Quote from: Asuspawer09 on February 12, 2020, 10:47:19 AM

Google Searches of bitcoin is up 33% because of the trending market price of 10,000$

We also have bitcoin halving google searches that increase since there are only 3months before the bitcoin halving.

Reference:
https://bitcoinist.com/bitcoin-google-searches-surge-as-crypto-bulls-gather-momentum/

This not new in 2017 and 18 Bitcoin was the most search keyword on Google and if history repeats itself the same will happen in 2020 and 21. As the Fiat value of Bitcoin steadily goes up, more people will be trying to understand this phenomenon and will be eager to invest in it.

adaseb

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I think that the only time when Bitcoin search interest exceeds the one in late 2017 is if we hit another ATH again and never before. We had a big rally back in 2019, however most people weren't interest in bitcoin anymore. The bitcoin halving search term doesn't mean much, it could be regular users like me googling it to check what day it will occur on. Doesn't mean the price will rise since the amount of searches for halving is rising.

I asked a few people in 2019 after the rally to $13.8K and see if they were still in the game. Most just went to trade stocks and weren't interest. We need Bitcoin to break $20K, and head to $50K and be on every news and newspaper everyday and that will result in a new higher interest over time on Google trends.

Oasisman

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Quote from: LeGaulois on February 12, 2020, 06:31:21 PM

Quote from: Oasisman on February 12, 2020, 04:44:41 PM

I guess, the investors and swing traders who were constantly monitoring the price also had big contribution to the increased percentage of Google searches. Also, the people who isn't much of a Bitcoin believers and were trying to figure how to acquire and monetize the current price trend.
For sure, It will keep increasing until next year when the halving effect on price subsides.

Anybody already active in Bitcoin's ecosystem doesn't use Google, he/she uses bookmarked pages. Imagine yourself active in cryptocurrencies and so visiting related websites daily/weekly, do you type the keywords daily in the search box or do you save pages in bookmarks to save your time? I guess your bookmarks...

Yeah, I get your point, but If I put myself as an example. I don't visit crypto related websites if I'm on a different device, specially in the office, instead I just simply use Google for a quick check on the current BTC price, because I swing-trade sometimes. Nevertheless, you have a strong point.

Quote from: LeGaulois on February 12, 2020, 06:31:21 PM

To me, the increase in google searches comes from people who start to take interest in BTC or look at it by curiosity because they heard about it in the media outlets, etc. But the most important is does it convert in potential Bitcoiners?

It does, remember a lot of people were trapped purchasing at a higher price expecting more than the $20,000 ATH in 2017.

Quote from: LeGaulois on February 12, 2020, 06:31:21 PM

It may be just people looking to get the BTC price since when you search "Bitcoin" the first thing you get is the real-time rate

Exactly what I meant in my top comment.

LUCKMCFLY

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In the local forum in Spanish, we also have this discussion, in fact, the peak of September 2019 is seen here:https://trends.google.es/trends/explore?date=today%205-y&q=%2Fm%2F05p0rrx,btc Google trends always play with traffic according to the search criteria.

In this case it is normal for bitcoin halving searches to be on the rise, many are looking for data that will provide security information for their investment, the "Bitcoin Halving" effect may not occur immediately, but as time passes It is most likely. You can visit our Spanish thread: https://bitcointalk.org/index.php?topic=5182465.20

taufik123

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Many people are interested in the news that Bitcoin will be halving in May. This has sparked public interest in getting the latest news about bitcoin.
Then bitcoin is able to reach prices above $ 10,000 and then continue to rise. This makes both old and new investors enter the bitcoin market.

Bitcoin prices go up certainly affect the altcoin that will do the recovery when bitcoin sideway in some time. Bitcoin dominance has decreased and this will be the Alt season that many people have been waiting for.

Many Good news supports Bitcoin to rise and many bitcoin experts also predict bitcoin will reach a new ATH later. Hopefully the market situation will continue to improve and we will celebrate together.

GreatArkansas

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Quote from: sunsilk on February 12, 2020, 06:55:00 PM

Least expected I guess.

Bitcoin is skyrocketing again and those searches are from people who are interested again of watching the price rally of bitcoin. And I think, they are in between now whether to buy before it pumps more or wait until it dips.

Smells like incoming Fear Of Missing Out (FOMO). It's normal for Google Searches that can track current trends and on Bitcoin side; it's already given, once the price is slowly climbing, here the people started to look on it like new people introduced Bitcoin for the first time.
But that 33% increase in Google Searches of Bitcoin is doesn't mean all or must of them are buying Bitcoin or using Bitcoin.

Velkro

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Quote from: Asuspawer09 on February 12, 2020, 10:47:19 AM

Google Searches of bitcoin is up 33% because of the trending market price of 10,000$

Which could trigger price movement up or it won't Cheesy

.
You never know, if 33% is enough to make ripple effect or it needs 50-70%.
Predicting price is really hard, but for us day traders its a must.

sunsilk

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Least expected I guess.

Bitcoin is skyrocketing again and those searches are from people who are interested again of watching the price rally of bitcoin. And I think, they are in between now whether to buy before it pumps more or wait until it dips.

romero121

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The Google search trend changes rapidly, when it comes to bitcoin it has been increasing tremendously with time. At times, particularly by the time of price increase more people get to know about it. This itself a reason for the increased number of searches. Maybe this will drop a little while there is price crash.

The market growth and the widening of the community can be confirmed through these statistical information, because even now there are people who aren't sure about the growth of bitcoin.

LeGaulois

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Quote from: Oasisman on February 12, 2020, 04:44:41 PM

I guess, the investors and swing traders who were constantly monitoring the price also had big contribution to the increased percentage of Google searches. Also, the people who isn't much of a Bitcoin believers and were trying to figure how to acquire and monetize the current price trend.
For sure, It will keep increasing until next year when the halving effect on price subsides.

Anybody already active in Bitcoin's ecosystem doesn't use Google, he/she uses bookmarked pages. Imagine yourself active in cryptocurrencies and so visiting related websites daily/weekly, do you type the keywords daily in the search box or do you save pages in bookmarks to save your time? I guess your bookmarks...

To me, the increase in google searches comes from people who start to take interest in BTC or look at it by curiosity because they heard about it in the media outlets, etc. But the most important is does it convert in potential Bitcoiners?

An increase in Google searches doesn't really mean something considering 50% of Google searches end without a click to other content
It may be just people looking to get the BTC price since when you search "Bitcoin" the first thing you get is the real-time rate

Oasisman

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I guess, the investors and swing traders who were constantly monitoring the price also had big contribution to the increased percentage of Google searches. Also, the people who isn't much of a Bitcoin believers and were trying to figure how to acquire and monetize the current price trend.
For sure, It will keep increasing until next year when the halving effect on price subsides.

Rengga Jati

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Quote from: Asuspawer09 on February 12, 2020, 10:47:19 AM

Google Searches of bitcoin is up 33% because of the trending market price of 10,000$

Not a surprising thing, as people must be attracted to see the progress of Bitcoin price this time. And most passive BTC holders will decide to analyze and grab information related to the potential move on Bitcoin. On the other hand, there will be some newcomers who are learning many sources and reading current news in order to prepare to join BTC investment. Most of them seem to have the intention to try their luck because of following Hype on social media. So, simply the keyword "Bitcoin", will rise up!

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