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Title: The current BTC hype is over, let's wait for the next one... Post by: dego on May 01, 2013, 05:38:32 PM The current BTC hype is over. Google searches after bitcoin and related terms are declining slowly during the last weeks, since we had the BTC peak. See the Google Search chart here (the hype chart):
Google search trends after 'bitcoin', 'bitcoins' and 'mtgox' (http://bit.ly/YmRaOY) https://i.imgur.com/q2M8Iwa.png So, let's wait for the next hype wave... but this could take some weeks, months, maybe years... Title: Re: The current BTC hype is over, let's wait for the next one... Post by: dbanga85 on May 01, 2013, 05:50:07 PM The current BTC hype is over. Google searches after bitcoin and related terms are declining slowly during the last weeks, since we had the BTC peak. See the Google Search chart here (the hype chart): Google search trends after 'bitcoin', 'bitcoins' and 'mtgox' (http://bit.ly/YmRaOY) https://i.imgur.com/q2M8Iwa.png So, let's wait for the next hype wave... but this could take some weeks, months, maybe years... ok Bear boy Title: Re: The current BTC hype is over, let's wait for the next one... Post by: Its About Sharing on May 01, 2013, 05:54:42 PM It might just take the next Cypress. But I don't think it will matter. We are still in the Black Swan phase here, the public is mostly in the black.
More VC's are directing money into it. It is just a matter of time right now. IAS Title: Re: The current BTC hype is over, let's wait for the next one... Post by: dego on May 01, 2013, 05:56:54 PM ok Bear boy bear or not.. BTC prices always rose and declined with the public interest, at least until now. For now, the interest is getting weaker... Title: Re: The current BTC hype is over, let's wait for the next one... Post by: Missionary on May 01, 2013, 05:58:08 PM ok Bear boy bear or not.. BTC prices always rose and declined with the public interest, at least until now. For now, the interest is getting weaker... Did you ever stop to think about if it was the other way around? Could it possibly be that interest follows price? Title: Re: The current BTC hype is over, let's wait for the next one... Post by: dego on May 01, 2013, 06:03:26 PM Did you ever stop to think about if it was the other way around? Could it possibly be that interest follows price? I bet it's both, like a self fullfilling prophecy. Title: Re: The current BTC hype is over, let's wait for the next one... Post by: Fiery Winds on May 01, 2013, 09:45:58 PM The current BTC hype is over. Google searches after bitcoin and related terms are declining slowly during the last weeks, since we had the BTC peak. See the Google Search chart here (the hype chart): Google search trends after 'bitcoin', 'bitcoins' and 'mtgox' (http://bit.ly/YmRaOY) https://i.imgur.com/q2M8Iwa.png So, let's wait for the next hype wave... but this could take some weeks, months, maybe years... The problem with that chart (with respect to your interpretation) is that it deals with search volume relative to itself. The peak is simply the highest it has been, but it's not a value. The only thing that chart tells us is that ~5x more people compared to today searched for those terms at its peak. Do you think that all those people that searched back then suddenly forgot about Bitcoin because they haven't searched it again? Search volume spiked because a LOT of press was released very close together. Title: Re: The current BTC hype is over, let's wait for the next one... Post by: ElectricMucus on May 01, 2013, 09:48:14 PM it works something like this:
http://upload.wikimedia.org/wikipedia/commons/a/aa/Volterra_lotka_dynamics.PNG Title: Re: The current BTC hype is over, let's wait for the next one... Post by: smoothie on May 01, 2013, 09:55:17 PM Did you ever stop to think about if it was the other way around? Could it possibly be that interest follows price? I bet it's both, like a self fullfilling prophecy. So if both follow each other...aren't they both standing still? LOL so fail |
