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Author Topic: Bitcoin search volume russia  (Read 1022 times)
giarc
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April 09, 2013, 12:02:15 AM
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One major cause of the current rise/bubble in the price of bitcoin is argued to be the cyprus crisis leading to russian money moving into bitcoin. Based on this its interesting to note that over the last month the russian search volume for bitcoin has dropped from 70 to 34 (feb to march). If the flow of capital from russian accounts behaves in a similar manner this could push down the price of bitcoin. Over the current data set for this month its looking like a reading of 27 a drop of 20% in 9 days.


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jimbobway
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April 09, 2013, 12:05:44 AM
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One major cause of the current rise/bubble in the price of bitcoin is argued to be the cyprus crisis leading to russian money moving into bitcoin. Based on this its interesting to note that over the last month the russian search volume for bitcoin has dropped from 70 to 34 (feb to march). If the flow of capital from russian accounts behaves in a similar manner this could push down the price of bitcoin. Over the current data set for this month its looking like a reading of 27 a drop of 20% in 9 days.

Not sure where you get your facts from but it looks like the russian search volume went up from feb to march to april:

http://www.google.com/trends/explore#q=bitcoin&geo=RU&date=today%203-m&cmpt=q
giarc
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April 09, 2013, 12:12:35 AM
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One major cause of the current rise/bubble in the price of bitcoin is argued to be the cyprus crisis leading to russian money moving into bitcoin. Based on this its interesting to note that over the last month the russian search volume for bitcoin has dropped from 70 to 34 (feb to march). If the flow of capital from russian accounts behaves in a similar manner this could push down the price of bitcoin. Over the current data set for this month its looking like a reading of 27 a drop of 20% in 9 days.

Not sure where you get your facts from but it looks like the russian search volume went up from feb to march to april:

http://www.google.com/trends/explore#q=bitcoin&geo=RU&date=today%203-m&cmpt=q

Selected worldwide then chose the date range of march. Took the average interest from the map and then did the same for both april and feb. Which now occurs to me to be wrong due to them normalizing for each time period. Thanks for pointing this out Smiley

Although it does show a large fall at the end of April the two data points are not enough to draw a conclusion from.

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Bitobsessed
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April 09, 2013, 12:29:12 AM
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If you use bookmarks you only search for a term so many times.  I do search Bitcoin every now and then to get updated news, but for the most part I have so many bookmarks and have so many sites memorized that I really don't need to search.  The Bitcoin Discussion/Press section has a lot of new news.  There are other indicators to consider too.  Number of new accounts across a bunch of sites, trading volume, hashing power, bid/ask sums, market cap, payment processors, merchant revenue, etc.  It would be cool if someone could compile all this into one place.  Just a thought...
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April 09, 2013, 01:21:26 AM
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Most of the Google Searches for Bitcoin Are Coming From Russia
http://www.benzinga.com/general/politics/13/04/3479048/most-of-the-google-searches-for-bitcoin-are-coming-from-russia

Russians most interested in Bitcoin, searches show
http://www.telegraph.co.uk/finance/economics/9976524/Russians-most-interested-in-Bitcoin-searches-show.html

Of the top searches for Bitcoin from Russia:
February 28: 16%
March 31: 41%
April 2: 100%

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BitcoinTate
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April 09, 2013, 03:42:36 AM
 #6

Whenever you do a trends search there is a glitch in the current (last) day that always shows the traffic decreasing. So ignore the last 12-24 hours as it is not accurate until about 36-48 hours later.

- aka The "DigiMan"
NikolaTesla
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April 09, 2013, 04:06:22 AM
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And that's just Google searches... don't most Russians use Yandex? I don't think they have a trend feature so it's really impossible to tell what their real search volume is.

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fr33d0miz3r
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April 09, 2013, 07:07:41 AM
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And that's just Google searches... don't most Russians use Yandex? I don't think they have a trend feature so it's really impossible to tell what their real search volume is.

Russians also search Bitcoin in russian alphabet ("биткоин"):
http://www.google.com/trends/explore#q=биткоин&geo=RU&date=today%203-m&cmpt=q


Yandex stats for bitcoin:
http://wordstat.yandex.ru/?cmd=words&page=1&t=bitcoin&geo=&text_geo=
This shows number of people who searched the keywords including "bitcoin" last month

Monthly stats in Yandex:
http://wordstat.yandex.ru/?scmd=abs&cmd=months&page=1&ts=1365491833&key=69155146bf91c3e1ca72a645848a6ce0&t=bitcoin


52% of Russians use Yandex, and 34,2% use Google:
http://www.liveinternet.ru/stat/ru/searches.html
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