Google Trends went crazy for the Btc search

Duidbhg

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That is pretty weird behaviour for the search term ‘BTC’. If you perform a side by side comparison to the term ‘Bitcoin’ (which has always shown more results than BTC), google trends places the interest for BTC in a 100:6 relation, which seems clearly wrong.

Adding and deleting comparison terms throws errors pretty often now, so it looks like of data error from the 31st of August onwards, setting the whole chart off-scale.

Edit: I’ve looked around and some refer to it as spam queries on Google, probably in an attempt to manipulate the price by affecting bots that may consult this parameter Angry

DdmrDdmr

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And finally Google Trends is back to "normal":

See https://trends.google.com/trends/explore?date=2019-07-29%202019-09-29&q=bitcoin,BTC

All in all, the anomaly has lasted a whole month with BTC searches being way out of line and above the search for the term Bitcoin. The ratio is now back to 4:1 in favour of Bitcoin as before the (artificially manipulated) anomaly produced.

Note: Some people need to read the OP and not just the last entry. This thread is about an anomaly between the two terms on Google Trends, not on whether Bitcoin is sought a lot now per se.

NewBet

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Bitcoin is still relatively low compared to its high point a couple of years ago, so the Google searches will be less now. But they will be increasing on an everyday basis as more people decide to invest in Bitcoin for the first time, they will have to Google how to buy it, etc.

13abyknight

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This is like one of those periods where BTC accelerates really fast and went past the 5 digit mark for the first time and it was visible how people wanted to know everything about it. Doesn't look like anything much is happening on the market and yet there is a massive spike in searches which is a good indication for the market moving forward.

susannemn06

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That is, before, almost no one searches for Bitcoin in a search engine, and now about 100 requests?
A major transaction is a transfer between addresses of a cryptocurrency exchange

antisocial77

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Thats good but its not much i think.real trend will start with fomo road to 20k or more.they trigger eachother thats how bitcoin will reach to ath.

meanwords

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Quote from: Decksperiment on September 06, 2019, 07:16:13 AM

I guess that this has something to do with Bakkt warehouse accepting Bitcoin deposits starting today! Whales are on parade!

Reference: https://www.coindesk.com/customers-can-deposit-bitcoin-to-bakkts-warehouse-starting-next-week

That's what I thought so too. Bakkt is starting to make its moves now and more investors are getting interested in Bitcoin because Bakkt is Backed by those large names. Although the price is staying at $10,000, it seems that Bitcoin is getting more attention. Maybe when Bakkt starts to launch, the price of Bitcoin might increase.

Prateek_sharma

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Quote from: SuperTA on September 06, 2019, 06:37:28 AM

Google Trends went crazy for the Btc search
This is the chart for the 90 days timeframe (world)

There is also a huge (insane) amount of transaction today 94,504 BTC or 1,018,147,922 USD.

https://whale-alert.io/transaction/bitcoin/4410c8d14ff9f87ceeed1d65cb58e7c7b2422b2d7529afc675208ce2ce09ed7d

Still Increases Its Searches

maydna

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Quote from: AjithBtc on September 06, 2019, 01:06:23 PM

Google trending were also a manipulated marketing strategy. If bitcoin has reached a big spike all of the sudden this might be true that a large number of people are with plans to invest into bitcoin as the market outside cryptocurrency is experiencing a massive outburst. Years back when bitcoin marked its ath it was one among the top searched word on Google. With this we can expect a day same as the past.

I don't know if Google trending is being manipulated or not, but I think it will depend on each country. The result will be different from one country to another country. So if in one country, bitcoin has been searching for a million people, it doesn't mean that in another country will have the same thing as that country. Perhaps, we can compare the result in the big country first, so we know which country that shows us a huge search about bitcoin.

I think the trend of bitcoin will grow in this year and the next years as people want to search for another opportunity to make money. And if many people can find that bitcoin offers them a way to make money, that will attract more people to come into bitcoin, and that will make bitcoin grow fast.

pooya87

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Quote from: AjithBtc on September 06, 2019, 01:06:23 PM

Google trending were also a manipulated marketing strategy. If bitcoin has reached a big spike all of the sudden this might be true that a large number of people are with plans to invest into bitcoin as the market outside cryptocurrency is experiencing a massive outburst. Years back when bitcoin marked its ath it was one among the top searched word on Google. With this we can expect a day same as the past.

"marketing strategy"! what are you talking about?
nobody gives a shit how many people are searching for a term apart from some bored news sites that look for articles to write. investors look at the potentials not at what others search, and so on.
not to mention that like many other things, it moves AFTER the price rise not before it. in other words in 2017 when price was rising the search increased AFTER the rises meaning first price goes up, then the media coverage comes and then people become interested and finally search for it to see what bitcoin is.

dimastegar

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Small Trader

Many people began to be interested in BTC and began to do research through the Google search engine. One year before halving happened, maybe they were getting ready before next year.

pixie85

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Quote from: kryptqnick on September 06, 2019, 04:27:12 PM

Quote from: Decksperiment on September 06, 2019, 07:16:13 AM

I guess that this has something to do with Bakkt warehouse accepting Bitcoin deposits starting today! Whales are on parade!

Reference: https://www.coindesk.com/customers-can-deposit-bitcoin-to-bakkts-warehouse-starting-next-week

I don't know about that. There was this high initial hype around Bakkt, but it was when people were hoping that it could drag Bitcoin out of the bearish market. Moreover, the initial failure of the project probably disappointed a lot of people.
The points about the Google trends algorithms having certain weaknesses that are now exploited seem to make more sense to me.
Oh, and as for that big transaction, it might also be totally unrelated to search results, and the former can be a technical operation by an exchange as people in another discussion thread suggested.

It didn't fail. It was postponed until all the regulatory framework is done and it took a bit longer than expected. About a year longer Cheesy

There's still a lot of hype surrounding BAKKT because it's a really good project that brings to the space something that wasn't there and that was needed. The mere fact that they were able to get a green light from the regulators shows that much has changed for Bitcoin in the last 2 years.

kryptqnick

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Quote from: Decksperiment on September 06, 2019, 07:16:13 AM

I guess that this has something to do with Bakkt warehouse accepting Bitcoin deposits starting today! Whales are on parade!

Reference: https://www.coindesk.com/customers-can-deposit-bitcoin-to-bakkts-warehouse-starting-next-week

I don't know about that. There was this high initial hype around Bakkt, but it was when people were hoping that it could drag Bitcoin out of the bearish market. Moreover, the initial failure of the project probably disappointed a lot of people.
The points about the Google trends algorithms having certain weaknesses that are now exploited seem to make more sense to me.
Oh, and as for that big transaction, it might also be totally unrelated to search results, and the former can be a technical operation by an exchange as people in another discussion thread suggested.

Upgate

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They can't just get filled for their thirst for bitcoin. I just say in my neighborhood am involved in bitcoin and Every one would be like pls can I teach them what is bitcoin. Bitcoin to most is effortless dollars waiting to be taken

Twinkledoe

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Quote from: bedroid on September 06, 2019, 10:35:23 AM

IF that chart and data are correct that very well could be a leading indicator of a price move up on the horizon. I think there probably is one coming.

And as others have said, instead of going up it is going down.

But I believe the likelihood of going up again is very high. But the 94k btc is really awesome!

https://themerkle.com/alert-over-1-billion-in-btc-transferred-to-an-unknown-wallet/

Whoever owns this address is living his life in full blast but hopefully, no security threats.

https://www.blockchain.com/btc/address/37XuVSEpWW4trkfmvWzegTHQt7BdktSKUs

alexcopper

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Quote from: Decksperiment on September 06, 2019, 07:16:13 AM

I guess that this has something to do with Bakkt warehouse accepting Bitcoin deposits starting today! Whales are on parade!

Reference: https://www.coindesk.com/customers-can-deposit-bitcoin-to-bakkts-warehouse-starting-next-week

Why does a whale moving in have anything to do with a high search volume?

SuperTA

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Quote from: stompix on September 06, 2019, 12:22:02 PM

Quote from: gentlemand on September 06, 2019, 11:53:55 AM

The Bahamas is on the US's doorstep. Tons of Americans will have friends and relatives there. I couldn't give a shit either way but maybe they're getting some automated message mentioning BTC when they try to call.

Still doesn't fit the scenario

https://trends.google.com/trends/explore?date=today%205-y&geo=US&q=btc

First:

The top states are:

Quote from: arpon11 on September 06, 2019, 12:44:23 PM

By this time tomorrow evening Bitcoin may be above $11,500 as it has find comfort around $10,800

How does it feel to be proven wrong in 5 mins? Grin

Here we had a nice week with btc speculation:
https://bitcointalksearch.org/topic/m.52377811

MonsterV

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Quote from: mk4 on September 06, 2019, 06:58:06 AM

Huh. Quite weird that the spike up in search volume is for "btc" search query and NOT "bitcoin". I know that search volume for "bitcoin" is always going to be a lot higher than "btc" hence the "btc" search query is a lot more sensitive in terms of search volume movements hence the huge spike, but I was expecting at least a small blip higher than the average on the "bitcoin" search query. It was pretty much almost flat.

That's right, "bitcoin" search query posted here isn't "btc" search request because btc is still universal, word btc doesn't always refer to bitcoin. In fact I searched for word btc in a google search and I only found bitcoin article on top few pages, but after that there were several websites such as company profile, place names, etc. So word btc is still too universal, @OP should provide more specific pictures and explanations.

AjithBtc

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Google trending were also a manipulated marketing strategy. If bitcoin has reached a big spike all of the sudden this might be true that a large number of people are with plans to invest into bitcoin as the market outside cryptocurrency is experiencing a massive outburst. Years back when bitcoin marked its ath it was one among the top searched word on Google. With this we can expect a day same as the past.

arpon11

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By this time tomorrow evening Bitcoin may be above $11,500 as it has find comfort around $10,800 and this is connected to what op has found out on Google search. Remember that sometime in May or April people searching for bitcoin on Google also went up like this and it turned out to be a bullish market. I will take this as a bullish signal and this time around bitcoin might get above $15,000 if this is combined with the bakkt launch.

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