Bitcoin Forum

Weekly search volume on Google for the topic “cryptocurrency” has reached its highest level yet both in the U.S. and worldwide, according to data from GoogleTrends.  READ THE COMPLETE ARTICLE HERE: https://worldpublicityblog.com/index.php/2021/05/23/google-search-volume-for-cryptocurrency-related-topics-has-broken-a-new-all-time-high-record/

Many of searchers are Bitcoin and Crypto outsiders. They are not investors and don't have any plan to invest in either Bitcoin or Cryptocurrency. They are satisfied with the Bitcoin crash and search to find out what happened to have more satisfaction.

Or they are curious and want to get more info with Google.

It does not tell us anything about Bitcoin investors.

It's interesting, that the record has been broken now that the market is going down or went down in the last 2 weeks or so and not during the time when BTC and other coins reached their all time high. Probably a lot of people outside the cryptospaces are googling cryptos now because they heard that the market went down and they are happy about it because they don't own cryptocurrencies themself. When the market went from one ATH to another they just ignored the topic because it would have only made them aware of their missed chance and made them even more jealous. That is just my take though and could be completely wrong.

that means good because many people want to know crypto, especially for lay people
there's always an increase every year even though there are many negative issues that hit

I'm not surprised with that information mate, because every time there was a crypto Bullrun the search trend data in google is also increasing, It can relate to the soaring interest in crypto investment meaning more and more people anywhere else in the world who are interested in cryptocurrency and wants to know more about the industry potentials or any particular project that they want to join.

It meeans to say that massive adoption and awareness about cryptocurrencies are working despite the market situation that we are in right now. No matter if we are going bearish, bullish or kangarooish, the main thing is that more and more people are now curious about cryptocurrencies and began searching on Google and learning more about it.

It's means Bitcoin and Crypto are being more interested from people, despite the recent market continuously reducing significantly to bad news.

This is a good news，When more and more ordinary people come into contact with virtual currencies, then the bull market will come back again，
Let us slowly wait for it to come！

actually more ppl were staring at the bitcoin price in the market and always waiting for it to go down more on this situation because when the price suddenly increased during the bullrun they missed the opportunity to ride the train and to make good profits. Probably now they are ready to enter in it when bitcoin shows good improvement in the market..

It could be true because high volume doesn't mean the price will always in a bull run. Whales is in their game right now, they know there are a lot of newbies just joined crypto market and doing panic trade which could be profit for the whales

Crypto market was in great hype in past days under the influence of DogeFather Elon Musk and it was reflecting on twiiter and other social media platforms so people also got engaged in that trend and want to know what actually was happening.Dogecoin surpassed Bitcoin in search trend at one point because many people or say investors want to invest in doge due to sparking prices and know about this memecoin.But to be on positive approach we can say that this increased interaction with cryptocurrencies can boost it's adoption and people want to invest in many coins.People want to know other options to stake money with higher returns other than banks,gold or stock market which crypto is providing if they keep volatility factor in mind.

While I agree that this means nothing, after all if those people were actually investors then they would have invested already when the price of bitcoin was even cheaper than the current levels, at the same time this could help us once a new bull runs happens, not saying that this one is over by the way, as those people will remember what bitcoin can do and could decide after some years to finally buy some amount in bitcoin which is the best decision that they can ever take.

Crypto becomes even familiar to the ordinary people and then they are trying to search more information about crypto. it's good to see that happens even some people may feel skeptical about that consider they think the search volume will be related to the dump that happened with crypto but i don't even care about that. When people can hit the their button to search crypto on the search engine and that proves if crypto will become mainstream in the future.
We will see another wave to come very soon.

Its a proof that interest in crypto is growing massively, some of them may not be investors yet but slowly they will realise the potential of this growing industry. People will keep coming into crypto from all over the world, considerably were still at early stage.

Maybe there are lots of people wanna try to enter into the crypto market when the bearish trend is happening. Crypto already edded into the portfolios of some big companies and that means if the adoption will be coming soon and i guess if this is the impact caused by the good news from the US major companies who already adopted crypto to be a store of value

As we enter into the twentyth century with our lives being hit upon by the invasion of blockchains this is very bound to happen. Good news though.!!

Those people have various motive. I think that op just wanna to tell us about the overall demand for crypto is slowly growing. We can expect some people might search for the bearish trend of crypto but we can't deny there if there will always be percentage for people who will be searching crypto for the investment purpose.
Crypto is slowly rising again and bitcoin is able to recovering from the dip price. I hope that the situation will be going back again as soon as possible to the before the dump happened

Search stats are from people who don't invest in Bitcoin. Two possibilities: One, they intend to invest in Bitcoin and want to search more. Two, they don't want to invest in Bitcoin. They search because they are curious about the bloodbath. Their minds won't change after they searched.

Massive adoption can only be access via merchants, number of daily transactions and number of values from daily transactions.

This is bound to happen when there is either a sudden surge or too much of a dump in the market. People will start looking for it and ways to buy or sell. But the price of crypto is hitting an all-time high and that's why it's more than ever-popular among the common people.

No but people use those results as indicators on technical analysis charts to compliment the other data they have and to tell us where the potential market top or the bottom is. Imho it's interesting infirmation and might as well be used along with other TA data.

Bitcoin has recently stole a lot of attention from many people, stocks investors nowaday also starting to make a research about cryptocurrency so atleast it's a good publication and considering the recent price rally that gets published by many media around the world is enough to make it hot topic I think.
Now that awareness of btc has increased so much it's only matter of time for bitcoin or its blockchain technology to be used for various sectors, after all this means some people also finding the real use case of cryptocurrency or even blockchain technology for their own benefit which could stimulate our blockchain community or the recent market dump has made people somewhat anxious and googling with keyword bitcoin just to check price, I mean google has built-in crypto price in their website like when you type btc it shows bitcoin and its price.

What is sure to happen to make it good news? And is the good news just for you or for everyone in the crypto space? Because now there are so many unclear speculations in the crypto space.

yes we know that currently crypto is growing rapidly and many people are interested to learning it. even many new people are starting to invest in big amounts because it could say crypto is booming right now. of course that's good because crypto will be more and more known, but we still have to be vigilant and careful with the crypto world. if you really want to get into it, then learn it well first so you are not surprised by the risks that can accept

Free money will not provide a strong motivation for us to have a fighting mentality in the world of digital finance. Cryptocurrency is very applicable to the law of the jungle, where small money will be devoured by big money, and there is a monopoly of power. If you don't prepare a plan to grow and compensate for the bigger money, you will lose and you won't feel lost. It's a stupid wasting of money that you should avoid.

Add more risk and add pressure to your life, so that it will forge your mentality to become an expert in the world of cryptocurrency and compete with Elon Musk.

IIRC, during the last bull run that was also the basis to confirm that people are already investing.

In this current bull run, there's no difference in the past as the new money inflows are still the reason why the market is bullish.
However, with the recent down trend due to Elon bad announcement, I think we will not see a new bull run anymore or a new ATH.

just saying. :(

The market of cryptocurrencies is slowly entering the mainstream but it is not going to be an easy battle to win, we know that most people believe whatever they are told especially since it comes from the mainstream media and now we are seeing an attack against bitcoin that it is not good for the environment and most likely this is going to continue as the more bitcoin is used the more energy is going to be spent and the stronger their argument will become, we know all of those comments are lies but the average people does not know that slowing down the bitcoin adoption in the process.

Yes. The search for crypto in 2021 is quite high compared to other articles. Uniquely, the search for Bitcoin occurs in almost all regions. Maybe this is the influence of the high Bitcoin price in 2021.
https://trends.google.com/trends/?geo=US

Cryptocurrencies have attracted great interest all over the world. It offered great opportunities to many citizens and therefore received a lot of investment.
Of course, this situation won't last forever. Now the market is in bad shape and Google search numbers may go down. Regardless, cryptocurrencies are the money of the future  :)

Cryptocurrency is currently trending. Almost everyone talks about crypto. Moreover, official media in various countries have discussed it, both positively and negatively. Which of course they still provide information. The simplest thing to know that crypto users are getting higher by seeing the increase in the number of Bitcointalk account users.

Well it is popping up everywhere in my news feed in Facebook, what do you expect for people getting their curiosities up. Even Bitcoin managed to be top searched keyword in Google back when I recalled it being posted in here.
Back then I wasn't that curious to it as I was like thinking that it could be criminal's coin, but can't blame myself. :D

People will always talk about crypto. Two things that are often talked about, when crypto prices are rising and when crypto prices are dropping. This makes google searches increasing. About 1 billion searches in 1 minute with the keyword Bitcoin.

Its a good sign, if 10% of the search turn into a investment, it will be very amazing.
Hope they research turn into good insight for them about what cryptocurrency about, instead point them to Doge as a meme coin  :'(

Yes. It's really a positive impact for crypto if probably majority of these reseachers will come to invest in crypto. Or maybe they have just started to get confused with crypto because of Elon Musk's series of tweets for bitcoin and Doge coin.

If Elon Musk was the main reason behind these all time high result for crypto researches, then even if Elon Musk makes negative tweets for bitcoin, it will surely create interest to people that will draw them near to crypto world.

The world is finally adopting to cryptocurrency. Millions of people put more interest on daily basis and they are some that just follow the chart but are not interested on investing maybe because of the risk involved.
I'll say 70% Increase in the search was made because of the recent dip, everyone really wanted to know where the problem was coming from. I myself searched about twice.
But finally this google crypto ath search of a thing isn't my business right now. I just need to see a green. Traders will understand

IMO its doesnt matter as long there's many people become more aware enough about cryptocurrency technology, its like Internet in the beginning era.
Price will follow later, they will invest if they decide its worth to do.

Agree, we need to make people aware enough about this technology that may adopted well in the future.
Also, we need to learn more too, unless we will stay behind while the newcomers know more than us.

Nothing surprising because these numbers bloat out when theres some hype that is currently happening in the market or lets say it did reach out all time highs where it is really
getting some attention which new comes do make search out of curiosity and this is why we do see these spike in numbers and when the market tends to be
bearish once again then interest would also go low which i can say a typical thing to happen. So just let it be.

Despite the correction.

We're getting the all time high for crypto search on Google. This isn't surprising. I think most people even the no coiners have been tuning in to the market and are aware of 'buying the dip'.

This has always been reminded to most people and that's why it has reached an all time high. One thing, if the known medias will put this article on theirs, we'll see a pump for real.

That is not a sure thing, in fact the opposite seems to be happening, the OP states that we recently reached the high all time for the weakly volume of cryptocurrency searches which means that the crash that we are seeing brought more attention, which makes sense, this time around the media has not covered the increase in the price of bitcoin as much as before but as soon as the price went down they were making all kind of claims this was the end f bitcoin and similar stuff like that.

Cryptocurrency breaks search records every time that there is an event that happens. When the price crossed the 2017 ATH price , the search records on Google trends showed that cryptocurrency and Bitcoin holds the highest search.

So, I know for sure that the reason there is another trend in the search is because of the decrease that happened lately. But it’s always good because it’s going to be making a lot of people to know more about cryptocurrency and Bitcoin, and that means that they will all keep learning about it and some of them will pick interest and also invest in it. That’s how the community keeps growing.

Yes. I think the up and down trend is also profitable for crypto. The most important thing is the spread of information about crypto, both positive and negative. Of course people will try to understand when something happens. When they get the ending of what he learned, then that's when he will go to buy crypto. I think there are billions of crypto users in this world. So it is very easy for crypto prices to be pumped.

There is a good amount of chance people may create a hugely negative press for bitcoin in the long run because we are disturbing the whole financial world, and that is not something the wealthy would want. They are trying to "join" crypto world but the reality is that no matter how much money they think they can make from this, we are going to make the fair amount of the share as well, it is not going not going to be like fiat world where if we screw up we get all of our possessions taken away from us, if banks screw up they get free money from government, that is not really something that happens in bitcoin.

We all will be in the fair zone and if they make money that means we make money and if they lose money we lose money and that is why I believe all these wealthy people will keep working to destroy bitcoin, which will make it known more and more and loved by people more and more.

I guess the data will not be the same in all countries because people who search about cryptocurrency will not be the same too and that can make the result different. Maybe in your country, the result makes all-time high but we do not know what is happening to the other country. But with the mass adoption that happens in many countries, I am sure the search volume about cryptocurrency can increase daily. That means cryptocurrency will become more popular than before.

Well duh obviously,,,:) And google does take into account a lot of factors as you say. Not that they are the best. In India and in China they also have their own search engines that probably show other results, but the point here is, based on Google own algorithm they have made an all time interest high.

That is still important!

Those searches come from outsiders. If you are bitcoin investor or crypto investor, you do know where to find news and read. You will not use Google to search for news.

Outsiders have curiosity and search with Google when Bitcoin rises too much, make a new all time high or when Bitcoin crashes. Outsiders will read, hear or watch about those events on massive media before they have more curiosity and use search engines.

I see Google search volume as a signal of the outsider crowd's curiosity but it does not tell me Bitcoin is on soar or in crash.

We can admit that Google is the most helpful search engine, and Google still improves their performance among the other search engines. But I think the basic algorithm for every search engine is almost the same, so the result will not be different. So when peoples use the search engine to search for what they want, the result will be different from the other people. That is why the searching factor from one country and the other country will not be the same. When crypto can be popular in one country, that can attract other people to search for the following news.

Since cryptocurrencies are becoming more and more popular and more and more countries are beginning to legalize cryptocurrencies and of course cryptocurrency technologies already are used in all areas, well, do not forget that the cryptocurrency market is growing very quickly and therefore people see all this and they begin to invest even more in cryptocurrencies and of course, even more new investors are starting to come into the cryptocurrency sphere as they see the opportunity to make money on cryptocurrencies.

Globally the numbers of cryptocurrencies enthusiasts is increasing because a lot of people want financial freedom and want to establish an anonymous way of financial transactions, while exploiting other benefits of it, I am not surprise because they might seen, read articles or watched a lot of documentaries on cryptocurrencies how it had brought succour to many people and how many had become rich through investment in it.

in fact also in my opinion most of those who have search for words that have some correlation with cryptocurrencies on google are new, that is, not in/involved in the sector and have done so only out of curiosity seen the news in the newspapers and television news on the high value achieved by bitcoin and some altcoin but now that the market is slightly down i think that this trend / interest in crypto is also waning

Of course it would. With people all over the world experiencing the devastating effects of the covid-19 pandemic, people are bound to be anxious about their finances. Which pushes them to look for better alternatives for earning income since a lot of people became unemployed, others for securing their assets and there are also those people who just wants to diversify their means of earning. And of course, letynot forget the people who just got pulled in by the hype of the recent bullrun plus the Elon Musk and dogecoin craze. Publicity good or bad is still publicity. This will prove to be good for this industry in the long run.