Bitcoin Forum

This is the most updated trend of Bitcoin from Google trend.

Google trend of Bitcoin (https://trends.google.com/trends/explore?q=Bitcoin)

It keep decreasing dramatically from last year Xmas.
What do you think? What is happening?

https://preview.ibb.co/kKoFyS/IMG_0778.jpg (https://ibb.co/dzzNdS)

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It is true that bitcoin prices have now dropped in price by the end of 2017, but this is not a bad thing for all of us, current prices are still expensive, and by the end of 2018 I believe bitcoin prices will jump up more than the price currently.

The sharp decline at the end of 2017 should be due to the news that many countries were banning bitcoin transactions at that time, but the price has now picked up, so the development of bitcoin is still as impressive.

It seems Bitcoin is decreasing a lot lately in these few months. However, according to an analyst who correctly predicted the cryptocurrency's rally at the start of last year told CNBC that Bitcoin could hit $100,000 in 2018. Let's hope it really happens even though it is just another prediction.

This shows that more and more people know bitcoin, people need to understand this new technology, although it has been for a long time, but for them is new. Especially after the bitcoin plunged, many people think this is a good time to get into bitcoin.

All that shows is that noobs know how to FOMO and then once Bitcoin isn't rising it isn't interesting. People hardly care when Bitcoin is going down, sometimes even the people who are involved here (we don't care for variety of other reasons though). Don't fret by year's end it will look how it did in December once more :P.

Google is a corrupt powerful syndicate that
Controls the information flow. They prob are working with either the Feds or Putin to change algorithms as they don't want the people controlling the currency

Less and less money began to flow into the entire cryptocurrency market, causing the market to fall.
I think when people search for bitcoins more and more, then bitcoin will go up again.

its amazing but don't rely on this alone for direction. can use other sources and combine

we have the other search engine and not just from google although many people still use google for searching something. and I think this could not be a clue of everything especially for the bitcoin trend because I am sure that still many people search for bitcoin with their own favorite search engine. maybe you can compare with the other search engine like yahoo, bing, and else so you can know how good the bitcoin trend so far.

I believe there was just a lot of mainstream media hype that was driving a lot of the google searches for bitcoin, there was a lot of people that were just looking at bitcoin as a short term get rich quick which are no longer interested.

I look at it positively, my observation is that many may not use google search now for they have alternative places or apps to look for it or information is directly delivered by news on they’re phones. And bitcoin is more mainstream now and not like before that media is not talking about it publicly and not only available on web now. The trend also means many new investors last December are now knowledgeable in bitcoin that they don’t need a search site.

the only thing that google trends shows is how much some certain keyword is being searched you can not use that to speculate about future of bitcoin. a surge of searches means a surge of new users that have been hearing about bitcoin which also can be an indication of a lot of talk about bitcoin in the media as it was happening last year.
but the drop in this "trend" doesn't mean the demand went away, it just means the media is advertising bitcoin less which is because the big rise and also the big fall is over now so obviously there is a lot less talk about it and there are a lot less "new" demand for bitcoin.

Usually there is a direct correlation between the price of each bitcoin and the google trends data. So it's not really surprising that at the height of the bubble where everyone went FOMO buying had the most amount of attention from searches, and right now that trend is cooling off.

To me, that doesn't mean much.

People are naturally attracted to things that they see as profit making, and when BTC isn't climbing up anymore it is easy to see why people gravitate to other things.

Doesn't mean much, just a short term trend. If anything it means that BTC is probably a better buy than it was just a few months ago. Once the next pump comes, watch the trend reverse.

Current Google trend for BTC shows people interest in bitcoins that correlate with maximum BTC price in December. So it is obviously: maximum interest of people during maximum price pump

You're right. You can not analyze the development of Bitcoin from a single source. The dramatic drop at the end of 2017 is likely to be the reason for the state government.

I don't think this is reflection of the currenct bitcoin price, since it only reflect the decreasing trend of people using search engine such as google to search for "bitcoin". If you want to think positively then it means there are more people already know about bitcoin since the surge in last december and that is why no more people need to find out more about bitcoin from search engine. Bitcoin was published everywhere in the news, even eldery who didn't know how to use google can have interest in them through television alone.  ;D ;D

The peak last Christmas season maybe related to its dramatic price increase as it has gone to 20,000$ normally with that kind of price increase a lot of people has gotten attention to Bitcoin that is why it peaked during December. But now it is currently on a downtrend which means a few people are now interested in Bitcoin, which I think is wrong as majority of the people are in the wrong side of investing, they must see this as an opportunity rather than thinking Bitcoin's price action is now over.