Google Trends and Main Client Downloads Are At Month Lows

[bootlace]

As the title suggests, if you look at Google Trends or Sourceforge download statistics, we can see that we're at the lowest point in the past month. You can argue at how important or valid those barometers are, but they're certainly not bullish. The hysteria has definitely died down.

If we look at it from a more real-life perspective, despite all the publicity and all the hype and hooplah over the past month and a half, we still don't have any new major merchants accepting Bitcoin. In fact, if you were to ask which has been the biggest company that's jumped on the Bitcoin bandwagon since mid March, I'd have to say OkCupid...which is pretty sad.

Sure there are lots of mom and pop shops or ultra green 'startups' trying to get some publicity by accepting Bitcoin and also some rumors of bigger things coming, but as it is, the fact of the matter is the current price is not representative of reality.

Most blind bulls will try to twist reality into fitting their fantasies, but everything I've said above is fact. Now I'm not saying Bitcoin doesn't have a bright future, I do hope that it does. But those watching price charts all day hoping for an imminent skyrocket up to make you rich are wasting their time.

[Bjork]

Right now the price is being controlled/pushed by speculators and Silk Road.  It's always been this way, though.

[nkspace]

pllus 100, well said sir

[zoinky]

https://blockchain.info/charts/my-wallet-n-users?showDataPoints=false&timespan=&show_header=true&daysAverageString=7&scale=1&address=

[Jaroslaw]

https://blockchain.info/charts/my-wallet-n-users?showDataPoints=false&timespan=&show_header=true&daysAverageString=7&scale=1&address=

They dont delete unused accounts so its obvious the numbers will be only higer

[Frozenlock]

So? It's in logarithmic scale...

[ElectricMucus]

So? It's in logarithmic scale...

up, uP, UP

e: https://blockchain.info/charts/my-wallet-n-tx

[Frozenlock]

So? It's in logarithmic scale...

up, uP, UP

e: https://blockchain.info/charts/my-wallet-n-tx

Don't bear me up on this, I'm only pointing out that the number of users is growing exponentially.
FWIW, price could fall regardless of the number of users.

[Gabi]

Maybe people started downloading other clients than the bitcoin-qt one. With the new bitcoin website other clients too are reported, not only the qt one.

Wow that blockchain.info logarithmic graphic is impressive

[ElectricMucus]

So? It's in logarithmic scale...

up, uP, UP

e: https://blockchain.info/charts/my-wallet-n-tx

Don't bear me up on this, I'm only pointing out that the number of users is growing exponentially.
FWIW, price could fall regardless of the number of users.

That chart are the number of mywallet transactions, not the price.

[Frozenlock]

I was answering to your "up uP UP".

[ElectricMucus]

I was answering to your "up uP UP".

So, did you get the joke?

[Frozenlock]

Hmm if you ask I might not...

I was supposing you were being sarcastic, as in "sure, the price will only go up uP UP!". 

[fingerpaint]

Maybe people started downloading other clients than the bitcoin-qt one. With the new bitcoin website other clients too are reported, not only the qt one.

Wow that blockchain.info logarithmic graphic is impressive

This. I downloaded bitcoin-qt 2 years ago. Only just learned that blockchain.info had launched features beyond providing info on the block chain.

[ronaldlee0917]

There are better clients such as Multibit that deserve more attention.

[thezerg]

mt gox queue 18520...
http://yellowcoins.com/forum/index.php?/topic/7-mt-gox-queue/

[bootlace]

Maybe people started downloading other clients than the bitcoin-qt one. With the new bitcoin website other clients too are reported, not only the qt one.

Wow that blockchain.info logarithmic graphic is impressive

This. I downloaded bitcoin-qt 2 years ago. Only just learned that blockchain.info had launched features beyond providing info on the block chain.

You guys don't get it do you....how popular the client is, is not a matter at all because its not a variable when considering a one month period. The only thing that matters is whether its trending up or down - we're not looking at the absolute numbers. If it's not a popular client its not likely to get much downloads last week either, so why less people downloaded it this week? = because less new people came in this week compared with the last.

[xorglub]

Once you've downloaded the client once, there is no need to redowload it until a new version comes out.
Same for searching, on a less definite scale.

Btw, has anyone compared subsearches vs trend, ie "buying bitcoin" vs "mining bitcoin" ?

[Jaroslaw]

The proice follow google trends not opposite guys.