A look at Google trends

[aes1]

Interest in bitcoin seems to be heading down.

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



Now let's compare with the exchange rate:



There seems to be a strong correlation, which broke down at about 14th of April when the exchange rate started to climb again. I wonder why?

[glendall]

Not to hard to figure out.  

BTC was receiving a lot of press.

So all the dudes and dudettes that heard of it & found it interesting decided to read up on it.

Now they know about it, and so it is not as interesting to many of them anymore.

People have short attention spans.

End of my story.


It'll be back in the press. I'm still waiting for the inevitable 'Bitcoin funds terrorism' news scare that I'm pretty sure will come one day, probably a few days before a big U.S regulation push.

[ManBearPig]

Yeah makes sense. The price is dropping to what it would be without the latecoming speculators. Start again and build up from a higher base. Things are moving quicker than 2011 though.

[giarc]

Based on this $60 to $70 seems a reasonable target price.

[BIGMERVE]

The price influences google trends, not the other way around.

[niko]

The price influences google trends, not the other way around.

This is correct.

[jubalix]

Interest in bitcoin seems to be heading down.

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



Now let's compare with the exchange rate:



There seems to be a strong correlation, which broke down at about 14th of April when the exchange rate started to climb again. I wonder why?

cheap coins yay!!!