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Author Topic: Google search trend on Bitcoin globally hits 2024 yearly low  (Read 210 times)
EluguHcman
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October 14, 2024, 07:52:17 AM
 #21

This statistics is no longer important for a network like BTC that has been around for sometime and has proven not to be a bubble as many people predicted in its early days. Take note that right now BTC is very popular, i know there are a lot of people who do not really understand what BTC is, but at least they have heard the name 'BTC', now if they become interested, i believe they will find other places to get more knowledge about BTC.
Very true. The googling statistic rate does not matter in the space of Bitcoin evolution hence there are several means individuals can always stay updated to do their findings about Bitcoin.

I don't even know why we should be concern about this google search to be signal of how much people are being interested about Bitcoin when it is typically obvious that Bitcoin enthusiasts increases on basis modes.

We need to understand that the gradual increase of Bitcoin is as results of its adoption increases too so, whether google search of Bitcoin goes poor or hikes, it is sure that Bitcoin adoptors has always been on it high increase as time clocks.













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icalical
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October 14, 2024, 11:09:45 AM
 #22

https://cryptonews.net/news/bitcoin/29921504/

The search interest score is around 31 on October 2024, way below the peaks seen earlier this year during the Bitcoin ETF approvals. However, lower search interest does not essentially signal that the end of accumulation or market momentum has occurred. In fact, Bitcoin's price remains relatively strong at nearly two-year highs despite this dip in online interest.

What's more, social metrics-most notably Reddit activity-have also tempered, but this could indicate we're still early in the market cycle. Historically, retail FOMO tends to peak near market tops, which many analysts believe is still a ways off. So, rather than a negative signal, this lower search volume might just reflect that most retail investors are waiting for the next big move, possibly triggered by price levels above $70,000.

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October 14, 2024, 07:25:32 PM
 #23

The calm before the storm. When Bitcoin breaks $100K there will be no shortage of normies willing to take on debt to buy some sats. 2025 is going to be electric for Bitcoin. It’s just the way it is with the four year cycle. I think people would be wise to not fight it or become complacent with this sideways market. The real fireworks are being loaded as we speak.
Storm is negative, so this must be the storm even though it also shows calmness and then when we are now at the bulls, there will also be a panic that will happen but in a positive way, as more people can buy more and some are going to reward their selves of selling their coins for profits. Buying is supposed to be done when the price is declining and what is worse is that they will also borrow money to buy. Borrowing can mean sufficient money, so statistics isn't the only thing that they can afford but it can also be a whole BTC or two. Of course people or the public won't fight the bulls because they are also anticipating for it but maybe there are only bad guys who will try to interfere and kill our joy again.

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October 14, 2024, 07:54:50 PM
 #24

We are getting this result not because things were not going as before again with an increasing number or rate on bitcoin adoption, but this figure could come about to be because the total numbers of people that have been aware of bitcoin have surpassed the number of those unaware of bitcoin, which is one of the basic reasons to why we are having the market capitalization we  had in investment.
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October 14, 2024, 08:26:34 PM
 #25

The low interest in Bitcoin in Google search volume may indicate that people around the world are becoming more familiar with Bitcoin and not necessarily a sign that the accumulation is over. Bitcoin has become familiar to most people so the low searches on Google for Bitcoin are a positive sign.

The important accumulation to watch is the accumulation of whales and large institutions and not the accumulation of ordinary investors who are new to Bitcoin, even if they buy Bitcoin they will not have as big an impact as whales and large institutions.


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milewilda
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October 15, 2024, 05:03:18 PM
 #26

The low interest in Bitcoin in Google search volume may indicate that people around the world are becoming more familiar with Bitcoin and not necessarily a sign that the accumulation is over. Bitcoin has become familiar to most people so the low searches on Google for Bitcoin are a positive sign.

The important accumulation to watch is the accumulation of whales and large institutions and not the accumulation of ordinary investors who are new to Bitcoin, even if they buy Bitcoin they will not have as big an impact as whales and large institutions.
We would really be able to see those spikes again on the time that Bitcoins price did make out some significant moonshot. It is really just that the market isnt really that making some noise now.
Somehow you do have a point that it is really that becoming familiar or widely known already on which its already understandable that searches might be that less but well its not something to be bothered upon
because if we do really tend to look up on the current market condition then there's no much news and other fundamentals that could bring out such spark of interest on the overall market.
Whether it does have that high trend or low ones then it wont matter, the thing on here is that global adoption is really that clinging upwards and really that increasing gradually.

It isnt really just that making up some noise but its there and its not really just that getting some attention but progress is something inevitable. People are relaly just that too much focused
on the moment that Bitcoin would really be increasing up its trend. We do know that each cycle phase does have those silent moments whenever it do make up some sideways movements
or into those hype or main trending when it do make out some significant movement or simply in moonshot. We are still heading on the bull run and its too early to ask out for some
spike of interest or trend.

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October 15, 2024, 11:59:48 PM
 #27

I don't know how they came up with these statistics. But I think Bitcoin search might keep reducing because you don't search for what you already know. The decline in Google searches might be an indication that Bitcoin education and adoption is increasing. It could also be that people are learning about Bitcoin from other platforms, maybe social media.
exactly this, when a thing become so popular that everyone already understands, it's normal that google search statistics might decrease.
nobody see the price of BTC in google right now, they just installed coinmarketcap and that's it, even better if they just installed exchange app and then see the real time price.
I don't even believe it's a good indicator that could reflect buying interest, this statistic doesn't even means anything.

moreover google is having big competition which is openAI's chatGPT, everyone asks there now.

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October 16, 2024, 02:47:50 PM
 #28

exactly this, when a thing become so popular that everyone already understands, it's normal that google search statistics might decrease.
nobody see the price of BTC in google right now, they just installed coinmarketcap and that's it, even better if they just installed exchange app and then see the real time price.
I don't even believe it's a good indicator that could reflect buying interest, this statistic doesn't even means anything.

moreover google is having big competition which is openAI's chatGPT, everyone asks there now.
Although some points that you said are make sense, but I'm the one who not doing that, I still use google to check the price and didn't use AI over Google, but I'm not sure if it's only me or other people too.

AI is great, but they only give the conclusion from multiple sources, I'd like to read few sources and make my own conclusion, which could be differ from the conclusion by AI.

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October 16, 2024, 03:02:12 PM
 #29

Lowest retail interest and we're at $68k? Signalling accumulation phase and ready for the next leg up? Sounds good for me.

moreover google is having big competition which is openAI's chatGPT, everyone asks there now.

Might be worth pointing out there was a significant core update a couple of months ago that actually uses AI to give users answers directly (since they're asking a lot. So all of these search queries could stem from a different path, not Bitcoin directly (and the user is taken on an answer journey).

So, keyword search and SEO will supposedly look different from now on (yes, thanks mainly to offline chatgpt).

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