Bitcoin Forum

Google Searches for ‘Bitcoin’ Hit Highest Total Since November

Trading back above $5,000, more eyes are on the world’s largest cryptocurrency, bitcoin, than have been in nearly 19 weeks, a fact affirmed as worldwide Google searches for “bitcoin” currently hover at levels not seen since Nov. 20.

https://www.coindesk.com/google-searches-for-bitcoin-hit-highest-total-since-november

While the spike was pretty big, it still feels like it must have been a slow news day, heh.  Interest is naturally going to be cyclic, so I can't help but question if it really warrants an article each time it happens.  In the grand scheme of things, people typing something into a particular search engine doesn't really seem newsworthy.

Interest is cyclic, markets are working in cycles, Bitcoin is rising and people start posting confident and over-confident predictions. Are the tectonic plates aligning for a new spectacular eruption?
It looks like that.

As time passes surely this becomes a less relevant metric. I have not googled 'bitcoin' for many, many years. There's still plenty of fresh meat out there waiting to be grilled, but at some point the idea will be as weird as a phone owner googling 'android'.

And I have done that on my phone. When you have a clean setup that doesn't use browser history, cookies, passwords or anything like that, you have to write the desired phrase every time you want to see the news. I don't expect most people to do it because of this exact reason, but even older bitcoiners sometimes find themselves googling the word.
The increase in searches is pretty normal since there are clear indications that the futures market, responsible for our 20k to 6k drop, is no longer shorting bitcoin.

I never google bitcoin either , only in a word combination like news+bitcoin or bitcoin+price
and thats only when I'm hung over and can't remember the exact spelling  ;D
number of searches can show the interest is rising but at the same time the more people know what bitcoin is , the less searches there will be eventually , indeed

It may also be due to the fact that suddenly all big news sites reported about Bitcoin again. In the last months I hardly read a report about Bitcoin (at least in my country) and suddenly the big news "Bitcoin is over $5000 again". The layman is confused that Bitcoin should have been dead long ago. And then he googles first to orient himself. Just my interpretation.

Isn't that a metric for a keyword and not for a particular search term? Sure, people probably don't google "bitcoin" or "android" a lot, but something like "bitcoin price", "bitcoin news", "how to X in android", etc. can be very popular. But the fact that there is some correlation between google searches and the price isn't very interesting, because you can't use it to predict the price, searches increase after a big price change, not before.

Wow, does the people are again getting back their interest to bitcoin just because they've heard it out that it has hit $5,000? or it's another news that made them search and validated if bitcoin really hit $5,000?

The majority only gets interested in something when it's already exploding. Try selling some BTC to someone in early 2015 for $200. They would've spat in your face. If you tried to sell the same one for $19,000 in late 2017 they would've creamed their knickers.

This is why most people will never be rich.

Its really amazing thing happen since from the last november is that the price of bitcoin stable at above $5000 its really positive sign for bitcoin investors also bitcoin holders. Its shown in the google search that its price is $5000 above.

Well that's a true story, the spirit of encouragement would come to them if they see some movements but while it's totally down at its lowest, they will never get interested to it. If they are just for it while its not yet pumping, most of those all time high investors would be same as the early investors that are happily cashing out the profits we made when it pumps. I remember that guy who's a banker that keeps on ditching me during those all time high when he's asking me things about bitcoin.

Well done thats a good news for everyone who use crypto currency or blockchain technology specially bitcoin it hits $5000 at april first week which is shown by google search from the last november it happens because of price hike.

Interest would surely spark out normally when there are things tending to be trending or do show progress because as an investor if you do look at for profits always then
these early signs would really give out or do get caught some interest which this new Google searches increase is a good thing to be seen.It do shows a gradual increase of interest and
if this would continue then we would already know on whats next.

You have to understand Average Joe to understand the behavior. He was told by the media after the end of the hype in 2017 that Bitcoin is a scam and will soon drop to 0. After the price has fallen strongly, Average Joe thought, they are right. So he didn't care about Bitcoin anymore, because the Bitcoin wouldn't be worth anything anymore. And suddenly Average Joe reads that Bitcoin is over $5000 again and gets informed again. And he reads that Bitcoin is a scam and will soon sink to 0...and so on.

Well that seems to be the 'normal' behaviour of noobs or just first time investors. They just go around the internet and searches for keyword such as "bitcoin" because they heard that the price is increasing again and then wanted to join the hype train. So it's going to be a cycle of noobs getting experienced and then invest, and the noobs trying to get into the market because they suddenly read that bitcoin is a good investment and can make them rich. So let's just wait till we are in a bull run and we will see another spike in the searches.