Pages:
Author

Topic: Where Bitcoin has been googled the most? (Read 545 times)

legendary
Activity: 2044
Merit: 1018
Not your keys, not your coins!
May 06, 2022, 10:09:04 AM
#70
Data from Google trend is collected without strict criteria and it does not match what you are looking for in most cases. From searching to actually buying, investing is different. The percent of conversion from having interest in (shows by searching stats) to investing is low, very low.

If you see searching figure in a nation is highest, it does not meant that nation has a highest total Bitcoin investors or miners or Bitcoin nodes.
copper member
Activity: 2268
Merit: 539
LuckyDiamond.io - FLAT 50% Deposit Bonus!

As long as I know, Bitcoin is banned in Nigeria.


I am not from Nigeria. But yes I am from one of the country where bitcoins are not legalized.
And it's not to be surprised that many users are googling about Bitcoins though Bitcoins are banned in the countries.
Bitcoins are famous for their decentralized nature, that is they cannot be controlled by any of the government.
This is the reason for which many people shows interest in the coin despite knowing that the coin is banned in their country.
And at last I am too not amazed to see the countries where Bitcoin has been googled the most.
It's the people's love for the coin for which despite their nation's law they are interested in this asset.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
It's highly refreshing to know that Nigeria is number two in countries that have searched more about Bitcoin in the world. It's the same way Nigeria ranks high too in forex trading. We've the enterprising and entrepreneurial spirit which has continued to further the "I can do" mentality. Despite not having the best of political leadership, Nigerians have continued to prove themselves worthy of emulation. I don't care the stereotype our inept and corrupt political class has thrown the rest of us into that has often made us laughing stock in the comity of nations (even here too) because of prejudice as if those who sneer at us are more sanctimonious than we are. Nigeria is a great country, only our politicians are the rubbish in it.
full member
Activity: 1512
Merit: 115
Number two - Nigeria.
Nigeria government has not adopted bitcoin, infact they have placed a ban on it and ask banks to block individuals local bank account who joins bitcoin.
Upon the law, the intimidation by the law enforcement agents by extorting individuals into crypto, yet more Nigerians are still eager to understand what bitcoin is all about
Are you saying that "Nigerians are still eager to understand what bitcoin is all about?" Grin Grin Grin In 2021 which was just last year following the ban, Nigeria was rated Africa’s largest P2P Bitcoin market with trades worth $99.1 million and yet you think that country is trying to understand Bitcoin?
legendary
Activity: 3472
Merit: 10611
Because imagine if the government had grant access to banks for crypto trading and buying and selling, it would have actually reduced the rate of poverty and unemployment in this country, because imagine if Emeka or Obinna or John could be making the least #5000 to #10,000 daily from crypto arbitrage, do you think such person will still involve himself in crime or either wait for government to provide job,???
I guess the answer is NO.
That's a weird thing to say considering the huge volatility that exists in crypto trading specially when you consider how manipulate the altcoin market is and how many people lose money in shitcoin pump and dumps. Don't get me started on the token scams that are very common these days (ICOs, IEOs, STOs, DeFi, NFTs,...). If anything these things would harm the economy and increase crime rate.

~
This is so much an argument that I never did expect and you've got a point made for sure as there could be some bias to the way in which this data is been collated and sumed up to give an overview of the whole.

Although, its hard to agree with the above argument conclusively as, we've got translators in recent times and even more commonly. Google too has a translating tool and possibly could step in for cases of language bias in course of accumulation and give a perspective that isn't the norm for many parts of the world.

Could this be true as, its just an idea in my head at the moment!
Given the fact as to the origin of the study and from the many that speaks or uses English, even application wise, we can't completely rule out the study, can we!
Translation is only used when the thing you want to read is not already available in your own language or you don't trust their translation and want to read the original text. For example if you wanted to read the official statement of Chinese government about cryptocurrencies you would go to the gov. site and use Google translate but if you want to search "what is bitcoin" you can just search it in your own language and there is a good chance you would find better content that way (depends on the topic and language).
legendary
Activity: 3094
Merit: 1127
Seems legit. El salvador is in the top list because this country have fully adopted bitcoin and many people on that country still have no idea about bitcoin so they search it on google but there might be some that already some knowledge on bitcoin yet still want to learn more for them to improve it. Second on the list is the country of Nigeria. It's a developing country and bitcoin can be a good source of income to them, that is why many people are now searching the term on google only to learn and to get started as soon as possible.

The rest of the countries in the list are I can say well developed already but I am surprised that most of their people still don't have an idea on how btc works. It could mean that they are already contented on what fiat has to offer or they have a less trust, and interest in bitcoin before.
I do agree that the place for El Salvador really does look great, I think it would definitely mean a lot to people there to learn more about it because they have to learn how to live with it in their lives.

However, what we could consider Nigeria to be a developing nation, they are also very greatly involved in crypto as well, when there were talks about the government making it illegal there were uprisings online and they managed to get them to back pedal a bit and now it is legal, which caused a lot of people to google it because it was all over the news. You have to realize just because it's good investment wouldn't make things googled a lot, it requires some other big news as well.
At least there's a place that did took risk on making it as a legal tender.It do really opens other countries or places that this thing could be that possible although there are lots of talks and issues about
failure on what El salvador is currently experience or seeing that much that it wasnt really that effective than it should be but i couldnt really that make out some conclusions too or impressions
since it was just still on months time and its too early for us to make those words or say that they had eventually failed on this one.
hero member
Activity: 2828
Merit: 611
Seems legit. El salvador is in the top list because this country have fully adopted bitcoin and many people on that country still have no idea about bitcoin so they search it on google but there might be some that already some knowledge on bitcoin yet still want to learn more for them to improve it. Second on the list is the country of Nigeria. It's a developing country and bitcoin can be a good source of income to them, that is why many people are now searching the term on google only to learn and to get started as soon as possible.

The rest of the countries in the list are I can say well developed already but I am surprised that most of their people still don't have an idea on how btc works. It could mean that they are already contented on what fiat has to offer or they have a less trust, and interest in bitcoin before.
I do agree that the place for El Salvador really does look great, I think it would definitely mean a lot to people there to learn more about it because they have to learn how to live with it in their lives.

However, what we could consider Nigeria to be a developing nation, they are also very greatly involved in crypto as well, when there were talks about the government making it illegal there were uprisings online and they managed to get them to back pedal a bit and now it is legal, which caused a lot of people to google it because it was all over the news. You have to realize just because it's good investment wouldn't make things googled a lot, it requires some other big news as well.
hero member
Activity: 1134
Merit: 643
BTC, a coin of today and tomorrow.
I am interested in number 1 and number 2 in the list.

Number one - El Salvador
This people has adopted bitcoin already and they are searching the Google to ensure they learn how to use what they have adopted. So, what they are probably searching is how to use bitcoin for payment etc.

Number two - Nigeria.
Nigeria government has not adopted bitcoin, infact they have placed a ban on it and ask banks to block individuals local bank account who joins bitcoin.
Upon the law, the intimidation by the law enforcement agents by extorting individuals into crypto, yet more Nigerians are still eager to understand what bitcoin is all about
sr. member
Activity: 987
Merit: 289
Blue0x.com
I don't believe the people of El Salvador were forced to adopt Bitcoin. They have the option to use their local Fiat as they do with Bitcoin and if you say they they are continually making research to understand Bitcoin more which leads to what is presented in the chat, I'd agree and as for Nigeria, we do know that the Government has not been able to provide the enabling economy for the ever-growing youths to thrive hence the surge into cryptocurrency so no surprise there to see Nigerian on the top of that list.

     Bukele may have not directly forced the people but the people or businesses who denied acceptance of bitcoin as payment have obviously been put in huge social pressure since most have agreed into this "new thing." And the reason is because "he himself made a grandiose promise to his citizens that adopting Bitcoin would digitize the economy, decrease dependence on the U.S. dollar, lower remittance fees(which accounts for about 20% of the country’s gross domestic product) and drive investment." With these, people would have more likely had no choice but to follow the crowd either for the hope of a better business return or for the sake of not being singled out by the majority.

     And yeah, with the current circumstance of the Nigerian people, they really don't have that much of a choice but to adapt into the changing times or to diversify their methods to make ends meet. It would be nice if the government supported this and made some free seminars to teach the youth about the opportunities that this industry has to offer.
legendary
Activity: 1554
Merit: 1139

It is also not strange that the Nigerians are very curious about this technology, because Nigeria are perceived as the "Scam Capitol" of the world. We know Bitcoin's pseudo anonymity provide some hiding place for criminal activities, so some of these people are actively looking for a payment method that cannot be traced.  Roll Eyes
Have you ever been scammed by a Nigerian before?
Is there a record of any forum user as we have it here with claims to have been scammed by a Nigerian?
Are there Nigerians active or banned on the forum to have scammed any known user?
If YES to any of these, then am truly sorry!

I believe there are one of such fraudulent people in every nation and not just Nigeria. Why then should the name scam but so closely tide with the Nigerian people. The virtues expressed by Nigerians on the forum should be given a chance to breath. It becomes very dehumanising for a people's effort to live right be sunk in the sands of some uncultured claims and we are expected to accept that.

Africa is a continent that comprises mostly of the world's third world countries (developing and under developed countries). We tend to struggle a lot and are hit by certain world changing innovations late, our bright minds are always looking for means of a better life elsewhere and as such, we continue to struggle over everything including our government.
I can tell you that that situation in most African nations, Nigeria inclusive is an attempt to escape a corrupt and unjust government. This is largely the reason that I can accord the stats as is presented in OP other than the assumptions of the claims in the quote above.

Haven't said that for Nigera, what then becomes the reason for the nations in 3rd, 4th and 5th places. Nigerians are doing there best and some day, we would be recognised for good efforts the majority of us put in to ensure a better world for our neighbours and the rest of humanity.
Lets not throw stones, Nigerians are good people!

It does make sense that the word "Bitcoin" has been Googled the most by the El Salvadorian people, because their government forced a law on them that included a technology that influenced their daily lives and that most of them knew virtually nothing about.
I'll also like to recount that in situations of learning, humans tends to be curious a lot as to why something is imposed on them, why is it celebrated, why is it hated and more of those than when it's just allowed to slide.
This could be the story for El-Salvador and the search seems okay with me. At least for a 7days result and am particularly proud of Nigeria for making that mark, even without the government's approval of cryptocurrency.
legendary
Activity: 1722
Merit: 5937
I am assuming this is the most google searched per person ratio..as there is no way that all of these places have searched for bitcoin more so than the United States has.. Of course the United States has a ton more people and it would be much easier for the United States as a whole to out search most if not all of these places.  I wish this was a bit more clear as to how these numbers came about. Still very interesting stuff!
You are right, these numbers are not absolute number of searches but rather relative to all other searches in each country. here is the official explanation from Google trends. In the link below you can also see the explanation how values or scaled.

This is a sign that it is time to move on and start using cryptocurrencies, for example in the USA, where bitcoin is legal, people are not searching about this topic as much as other countries that are not so friendly with cryptocurrencies and also have some restrictions.
United States are lower on the list due other reasons, you might wanna check what i answered to ChiBitCTy.

newbie
Activity: 15
Merit: 0
This is a sign that it is time to move on and start using cryptocurrencies, for example in the USA, where bitcoin is legal, people are not searching about this topic as much as other countries that are not so friendly with cryptocurrencies and also have some restrictions.
sr. member
Activity: 2296
Merit: 348
Seems legit. El salvador is in the top list because this country have fully adopted bitcoin and many people on that country still have no idea about bitcoin so they search it on google but there might be some that already some knowledge on bitcoin yet still want to learn more for them to improve it. Second on the list is the country of Nigeria. It's a developing country and bitcoin can be a good source of income to them, that is why many people are now searching the term on google only to learn and to get started as soon as possible.

The rest of the countries in the list are I can say well developed already but I am surprised that most of their people still don't have an idea on how btc works. It could mean that they are already contented on what fiat has to offer or they have a less trust, and interest in bitcoin before.
legendary
Activity: 2282
Merit: 3014
I am assuming this is the most google searched per person ratio..as there is no way that all of these places have searched for bitcoin more so than the United States has.. Of course the United States has a ton more people and it would be much easier for the United States as a whole to out search most if not all of these places.  I wish this was a bit more clear as to how these numbers came about. Still very interesting stuff!
hero member
Activity: 1498
Merit: 711
Enjoy 500% bonus + 70 FS
Since Nigeria is the developing country,they will look the new technology for the earning.It’s good to hear,Nigerian are very eager to the technology.I had seen the Nigerian was the second nation who had googled the bitcoin,it was very interesting one.The government of the El Salvador should move the bitcoin as the soft corn in their economy.This forcing to people will not works anymore.
Nigeria is country that is very curious about any thing that will make life simple and comfortable, they like been first for everything concerning them, i think was a list over one year now or two years that stated that Nigerian is the most African country that uses bitcoin for transaction purposes or transaction related, the only thing is that bitcoin is receiving attack from government to any country is well known or a country that wants to adopt it values
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
It's ironic that the No. 1 nation on the list accepted Bitcoin as a legal tender, while in the second Bitcoin is not accepted by the government and actually is banned in bank transactions. This goes to show that the while government acceptance helps to make citizens more receptive of Bitcoin, the citizens can choose to adopt it regardless.

I do not know much about the other countries on the list, I have read that Switzerland is friendly to Bitcoin. And in Canada, there was an incident recently where the gov't was freezing accounts, could that play a part in the search boasts?
This is why I have always thought that while reaching legal tender status is without a doubt good, bitcoin was designed to operate regardless of the opinion the governments of the world may have about it.

And if the economic situation becomes even worse then I would not be surprised to see many countries banning bitcoin, however if bitcoin at that point in time is a more reliable currency than the fiat options available to them then people will use it regardless of the legality of bitcoin at that point and the consequences they may suffer, so when we see it from that perspective it is not that rare to see Nigeria as the second place on the list.
hero member
Activity: 882
Merit: 792
Watch Bitcoin Documentary - https://t.ly/v0Nim

Is El Salvador up to 7 million people?

US is over 300 million
Nigerian is over 200 million

Bitcoin adoption in both countries is much.

Do people think countries like that will have lower numbers of people searching for bitcoin on google? I doubt that. Just thought about this now, I think it would be good for us to know the methodology used by google, I do not think it is accurate.
Here is a quote from Google trends that explains how they calculate the value:
Quote
Note: A higher value means a higher proportion of all queries, not a higher absolute query count. So a tiny country where 80% of the queries are for "bananas" will get twice the score of a giant country where only 40% of the queries are for "bananas".

I can't swear since I am not competent in SEO but as I know we can determine the search volume of each keyword in each country via Google Keyword Planner and websites similar to Ahrefs & Semrush. But in order to determine the most possible accurate statistics, we need to take into account the official and widely spoken non-national languages of our targeted countries.
hero member
Activity: 1036
Merit: 674
Google trends has never been an indicator of anything and almost all the conclusions made based on it have been wrong. For example take the search term "bitcoin", you are are only considering it in English not in other languages but make your conclusion globally; whereas people in different languages would be mostly searching it in their own language. For example the following shows how people would search about bitcoin in Farsi:
https://trends.google.com/trends/explore?date=now%207-d&q=%D8%A8%DB%8C%D8%AA%20%DA%A9%D9%88%DB%8C%D9%86
Or in China the words seem to be "比特币".

Unfortunately Google doesn't give you number of searches but only a percentage wise comparison so you can't even compare the different terms with each other.
This is so much an argument that I never did expect and you've got a point made for sure as there could be some bias to the way in which this data is been collated and sumed up to give an overview of the whole.

Although, its hard to agree with the above argument conclusively as, we've got translators in recent times and even more commonly. Google too has a translating tool and possibly could step in for cases of language bias in course of accumulation and give a perspective that isn't the norm for many parts of the world.

Could this be true as, its just an idea in my head at the moment!
Given the fact as to the origin of the study and from the many that speaks or uses English, even application wise, we can't completely rule out the study, can we!
sr. member
Activity: 1008
Merit: 262
Vave.com - Crypto Casino
Not surprised about it with El Salvador.

It's their legal tender and despite that legality, a lot of their people still not aware of it and against to it. And that's why they have to do their own researches to understand it.

Well, that's a progress then if the citizens from there are doing their initiative of making their "DYOR".
A country having high number of Bitcoin google search does not mean that they have higher number of Bitcoin holders or community ok that country. Having a huge number of Bitcoin search can be as a result of high curiosity to know what Bitcoin is all about by the citizens of that particular region. Bitcoin is spreading and more people are getting to know about it every single day.

Most advance country already know about Bitcoin and the uses that is why they have lesser numbers compared to most developing countries that has huge Bitcoin google search due to people getting to know about it.
hero member
Activity: 1092
Merit: 747

We are always skeptical about bitcoin bans because we don't trust the media that reports them. They have lied so much that it's like the boy who cried wolf. For example most of the bans they've reported has been a very common thing where government prohibits "banks" from investing in bitcoin not regular people. Or another common case was banning ICOs but the media reported that as banning bitcoin.

So actually now, who is to be blamed, the government or the media, because as for me I blame both parties because there is supposed to be a system which checkmates and regulates what the media airs to the public because the media are the mouthpiece of the government, they are the people through which the government passes information to the common man on the street.
So if the media has passed a wrong information to the public, what did the Nigerian government do??? They did absolutely nothing, thats why they are also to be blame.

Because imagine if the government had grant access to banks for crypto trading and buying and selling, it would have actually reduced the rate of poverty and unemployment in this country, because imagine if Emeka or Obinna or John could be making the least #5000 to #10,000 daily from crypto arbitrage, do you think such person will still involve himself in crime or either wait for government to provide job,???
I guess the answer is NO.

Pages:
Jump to: