Bitcoin Forum

Economy => Speculation => Topic started by: Operatr on April 24, 2013, 12:01:14 AM



Title: Search Trends and the market
Post by: Operatr on April 24, 2013, 12:01:14 AM
https://www.google.com/trends/explore#q=litecoin%2C%20bitcoin&date=today%2012-m&cmpt=q

I find it interesting that both graphs of search interest match up with the market valuation charts, showing a significant decline on search trends following the mini-crash trends. I also though it is interesting that Litecoin rode Bitcoin's wave as well a bit, though still the mass media hasn't really reported the other cryptocurrencies (probably still trying to get a grasp on Bitcoin itself lol, we tell them there are more around 10 at this point their minds will implode  ;D ). I wonder if Litecoin is due to rise right along Bitcoin as intended "silver"?

It seems forgotten in modern economics that the human factor is worth watching too. Start to see Litecoin search increase rapidly might be a good time to invest.



Title: Re: Search Trends and the market
Post by: sunblaster on April 24, 2013, 12:07:56 AM
Pfff if litecoin is silver then namecoin is diamonds ;D


Title: Re: Search Trends and the market
Post by: Frozenlock on April 24, 2013, 12:19:54 AM
Being a gold/silver bug myself, I hate seeing "Litecoin is the silver to Bitcoin gold".

No it's not! It isn't related as those 2 metals are!
It's just a stupid marketing move.  >:(


Title: Re: Search Trends and the market
Post by: ElectricMucus on April 24, 2013, 12:27:09 AM
It's just a stupid marketing move.  >:(

Deal with it.


Title: Re: Search Trends and the market
Post by: Frozenlock on April 24, 2013, 12:33:18 AM
That's me dealing with it.

*Dealing pose*


Title: Re: Search Trends and the market
Post by: ElectricMucus on April 24, 2013, 12:34:55 AM
That's me dealing with it.

*Dealing pose*

looks pretty stupid.


Title: Re: Search Trends and the market
Post by: Operatr on April 24, 2013, 12:38:37 AM
Being a gold/silver bug myself, I hate seeing "Litecoin is the silver to Bitcoin gold".

No it's not! It isn't related as those 2 metals are!
It's just a stupid marketing move.  >:(

Well, that is true, in the end they are the same breed, they just differ on a few points. Though it does follow the pattern in that Litecoin would overall be worth less per full coin but many more of them, so not as rare as Bitcoins are, silver to gold in a sense and the exchange prices will probably always reflect that, assuming somehow Litecoin doesn't win the end (it could, you never know). I think it is an accurate way to explain them to someone who doesn't know what Bitcoin or Litecoin are without a 2 hour long conversation on why they are different at the technical levels.