Topic: Google trend for BTC is dead is on the rise. Think differently this time (Read 251 times)

An interest in Google whether it's for a good or bad event is always a good thing. Bitcoin is based on demand and speculation, so google searches are a good indicator that demand is still there

According to Google trends, btc have risen a little bit. That's a good sign, though the trend is much lower compared to the end of 2017.

big whale play to stay, not play to win, that is why they can stay in the market forever.

I surely feel that a big investor will think different than the rest of the people will think. For example the current price of Bitcoin is around 3800 what will the normal investor think in that case? Well he would buy. Let's talk about a big investor and experience investor. When they buy? No. Reason? They're still waiting for the last leg of the downfall of Bitcoin price and that will be the real price that they would wish to pay to purchase Bitcoin. Big investors are more patient than average investors and hence they make big profits. They don't just invest but they drive the market. They understand the Futures Contract expiry dates and then the stand that in order to win their to play in both markets. They make money both win between moves up and down

Does a manipulator really think opposite of what an average person think?  I wouldn't agrre with people who only answer this question yes or no.  That's not a simple yes/no question. We all sure about that they think diffrently and manipulators must be unpredictable. Also manipulators behaves like a wolf pack, track their preys' behaivor, and they don't hesitate.

Google trends statistics isn't an enough parameter to gauge the current interest of people in the market. For all we know this could be the same traders checking the price every so often just to make sure that the price isn't sliding deeper and deeper. Though it's somewhat strange that searches for bitcoin went up in the midst of a bear market since it hasn't happened in the past yet, I still think that it's just fear kicking in causing this surge in Google search. Also, 1-2 months isn't an ample amount of time for recovery IMO. It'll take a long while before a reverse in trend happens.

It is not conclusive to say that Google searches about Bitcoin is influencing Bitcoin market price because this is not true. Its all about how many people still buy or sell Bitcoin that influences the price, its always been this way, demand and supply.

I am not sure if the Google Trends Stats is enough to judge. In statistics, you have to include a lot more parameters. But I do agree with your final point, just I don't think it will happen with 1 or 2 months. We will have to wait for a lot more months to see it. Articles from media outlets were poping on the internet like flowers, so it increased the organic searches.

I understand your pain! Probably you had entered the market at the wrong time and can't book your looses now! So I will overlook your comments about bitcoin and its coding. I had made this similar mistake with Ripple and I don't remember where I have stored those.

However, I too have noticed that the fees have gone up to an exorbitant level because a good number of bitcoin miners have switched their operations to BCHSV. If you check the hashrate graph, it will be clear to you.

On 31st October, the bitcoin network hashrate was 58,201,029 TH/s. On 21st November, it went down to 34,727,437 TH/s. While the number of miners have went down with declining hashrate, the fees have gone up. Check the link below,

https://www.blockchain.com/charts/hash-rate?timespan=30days

However, the only ray of hope is that, within 2 days on 23rd November, the hashrate again went up to 47,295,462 TH/s. I sincerely hope it will continue to grow and the issue with fees will come down eventually! Things have not yet gone out of hand my friend! It will recover and recover well. Stay put if you have patience!

Google search's doesn't show us a anything, I guess. It is affected from news. News getting increasing when Bitcoin price moving fastly. Mean, Bitcoin price getting down in this month. So we can see a Bitcoin news in everywhere. So people starts to search it what happen this time. This is my opinion.

the trend of google being involved in bitcoin is not relevant whether they consider it dead or alive. it is needed and important for the price of bitcoin to appreciate and not the relevance of google's interference. i do understand that when the going gets good, people tend to identify with the good times and the reverse gets the reversed part of the cheer but its alright.

Google is NWO scum and so is Microsoft and nothing they say or return in search results can be taken at face value
and you don't need google to see that the jig is just about up for BTC because no one can trust a digital token after we
had miners charging $55 per transaction just to move a few digits around in the block-chain

Ten years of building up trust was destroyed over night and it's not coming back, least of all with the Lighting network
banking hubs adding to the fees and number of cases of digits going missing but apparently it's new a fault of the
shit-ware code behinf Bitcoin is it now.
 

Folks, please remember that every-time google searches increases, something opposite happens. And why not ! ? I will want you to think from the physiology of big investors. Since this is the physiology driven market, please remember any whale investor manipulating the market will not invest when an average Joe is putting a keyword on Google "Bitcoin is the future of currency". The same whale investor will be very happy to invest when average Joe puts a keyword on Google search "Bitcoin is dead". This is how bitcoin has always been and will remain for few more years to come. With experience, I started to quesiton myself what would a whale think in any given situation and realized that my heart was thinking as an average Joe and that thinking was different than what my head told me about what a whale investor might be thinking. Let me clarify below.


Headine for an article posted on SludgeFeed 4 hours ago says - "Google Searches for Bitcoin Jump to a 8-Month High"

Headine for an article posted on Bitcoinist 1 day ago says - "Google Trends Bitcoin Interest Hits a 6 months High"


Dont forget Googles gets over 2 trillion searches every day (2 trillion is approximate number as per 2018) and hence is a huge market for people to talk about it.  And when market is as big as this, there is a great opportunity for manipulation. Let's see what are these searching saying - positive news or negative news about bitcoin ? I did a small exercise of going to https://trends.google.com myself and entered a search term "bitcoin". below are the results i like to share with you

• 10 times more google searches were done on bitcoin in the month of Nov / Dec peak worldwide. When people where searching so much in Nov/ Dec last year, price was expected to fall as per logic. Think from a big investor perspective here ! Think opposite of what an average Joe would thik
• Top three countries where people are searching the maximum about bitcoin are 1. Australia, Canada, and United States. What does this indicate? There are possible average Joe's from this countries that will put their money in bitcoin ecosystem next and will see this as an opportunity. But will they take the market upwards? No. The same big investors will put their money first and these average Joe's will just get in after they see that market is moving back up.

Next, what do I think about the current bitcoin price and the possible outcomes ? Well, the fear has finally kicked in but it is a good time to enter the market. Although I am not 100% sure that there will be no further downtrend in price, but I can almost confirm that whatever has to happen will happen in next 1 or 2 month before we change the trend and move back upwards again. 1 or 2 months is the maximum I see from this situation. And given the average Joe mentality, you will not be able to pick the lowest point of bitcoin and anyways in the long run it would not matter if you purchased btc at 3,700 usd or 3,100 usd. And hence, i would expect a little stability here and may be a little bit more slide but then there is only one way and that is - UP. So, in order to beat the whale investors this time, you might have to think differently.

ALways remember to question yourself " what would whale investor do in this situation" and then take a decision.