[2018-03-11] Google Searches For ‘Bitcoin’ Slump In Synchronicity

[Eleven86]

Google Trends shows that searches for “Bitcoin” were the most popular between December 17-23, coinciding with Bitcoin’s price rising to above $20,000 for the first time on December 17, 2017.

However, since mid-February, searches for “Bitcoin” have gone downhill, leaving the search term with a score of 19 for the first half of March -- meaning that the search is only a 19th as popular as it was in December at its peak.

https://cointelegraph.com/news/google-searches-for-bitcoin-slump-in-synchronicity-with-bitcoins-price

The value is the other strength for expanding the crypto community?

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[richardsNY]

Less hype means less people actually searching for Bitcoin. It's basically like how everything works when it comes to hypes. Some times I think about how it would have been better if we didn't manage to go up all the way till the $20,000 level last year. Currently the only thing I see and hear in the mainstream media, is how they talk about Bitcoin losing popularity, etc. It's impossible for them to understand that the all time high was NOT a fair reflection of the market, and that it only increased that much due to hype and speculation. Another main point they ignore, is the fact that last year we were hovering around $1000, while we currently hover around the $9,000 level. Does this look like Bitcoin is losing popularity?

[cheefbuza]

Such a huge hype once a year I guess will come every December will increase the population of Bitcoinland by a few percents would be great.
I mean it was pretty obvious to know it won't keep like that, the jump boost was way too high. But it was a good thing for the long and short-term.
People taking this revolution way too obvious and I believe it needs to take more like 30 or even 40 years till full occupation.

[aso118]

Google Trends shows that searches for “Bitcoin” were the most popular between December 17-23, coinciding with Bitcoin’s price rising to above $20,000 for the first time on December 17, 2017.

However, since mid-February, searches for “Bitcoin” have gone downhill, leaving the search term with a score of 19 for the first half of March -- meaning that the search is only a 19th as popular as it was in December at its peak.

https://cointelegraph.com/news/google-searches-for-bitcoin-slump-in-synchronicity-with-bitcoins-price

The value is the other strength for expanding the crypto community?

It is not just the number of Google searches - the number of mainstream media articles, the number of talks around the water coolers, the number of newbies jumping on the bandwagon: all these are related to the price of Bitcoin. With the price of bitcoin slumping, the general narrative of Bitcoin seems to have fallen and it is mentioned less often. I wouldn't say that it is a bad thing - the irrational exuberance has been tempered a bit.

[TrumpD]

This is shouldn't come as much of a surprise after the clear attack on Bitcoin from financial moguls in January this year, due to the great performance of Bitcoin last December. I guess the theory of "newbies" and and "get rich quick investors" who didn't really understand the crypto space looks to be spot on. A lot of these investors jumped in on the bandwagon in order to make quick profits, thus, there was a lot of investment in bitcoin at that time. Financial moguls saw this and had to stop it. What better way than to use the press and bash bitcoin and other cryptocurrencies. Now for these newbies, they'd react to such news, and start dumping (removing) investments, as well less talking and researching into bitcoin as the big guys have said is no good.