Google Searches of Bitcoin - page 4.

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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.

https://i.imgur.com/jfcRsRW.png

It's normal and fully understandable thing. It would be strange if there wouldn't be any correlation between these things. It's same like number of active users or new signups (can't remember which one thing exactly) on Bitcointalk also directly correlste with Bitcoin price. Or number of Google search of Christmas songs goes up in December Cheesy

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White Christmas

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This is natural that the percentage of the google search was all about bitcoin and bitcoin halving because people also see the rapidly to the moon of the bitcoin and other cryptocurrency such as ethereum and xrp and I can say that it is already a fact that may boost the google search to 33% because of the price of bitcoin as well as the bitcoin halving which the people say that this is also one of the many reasons why bitcoin is having a great impact to the market today.

Dr.Osh

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I am pretty sure that he wants to provide information about increasing people's interest in bitcoin, and I think this will continue to happen as bitcoin prices continue to grow. out there, there are people who know about bitcoin and don't care about it, and when they see the current situation, they come back to care and look for information on how to produce bitcoin. I think that the search for bitcoin will continue to grow at this time.

RapTarX

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Quote from: kryptqnick on February 12, 2020, 10:57:25 AM

I don't know if it's really because of the price, but it might be the reason. I am also wondering how much this search result number fluctuates over a longer period of time (is 33% a big deal or not). Moreover, does the amount of searches rise when Bitcoin is going down? So is it the fluctuation that causes the rise or positive news only?

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.

kryptqnick

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Okay, these are just facts. But what do they tell us? What should we discuss here?
I think it's natural that Bitcoin halving search results are growing since the event is just months away. As for Bitcoin search results being 33% up, I don't know if it's really because of the price, but it might be the reason. I am also wondering how much this search result number fluctuates over a longer period of time (is 33% a big deal or not). Moreover, does the amount of searches rise when Bitcoin is going down? So is it the fluctuation that causes the rise or positive news only?
In any case, searches don't tell us much about what's going to happen, they might not lead to anything.

Asuspawer09

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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/

Quote from: Asuspawer09 on March 16, 2020, 03:43:00 AM

New update here :

The google search of bitcoin exploded again in google in the past week according to data from Google Trends, Even the market of bitcoin experience a big dump.

Topic: Google Searches of Bitcoin - page 4. (Read 625 times)