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Author Topic: Google Trends spike  (Read 961 times)
Elwar (OP)
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September 07, 2011, 08:02:40 PM
 #1

Google trends shows bitcoins spiking up quite a bit.


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September 07, 2011, 08:03:36 PM
 #2

Probably Kruggy.


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Jixtreme
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September 07, 2011, 08:07:22 PM
 #3

Pardon me if I'm mis-reading this, but isn't search volulme still less than it was a couple weeks ago when nothing notable was happening?

How long does it take for Google Trends to have the most updated data?
Oldminer
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September 07, 2011, 08:08:57 PM
 #4

Pardon me if I'm mis-reading this, but isn't search volulme still less than it was a couple weeks ago when nothing notable was happening?


Correct

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September 07, 2011, 08:09:09 PM
 #5

bitcoin,bitcoins



so nada
Elwar (OP)
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September 07, 2011, 08:14:30 PM
 #6

Pardon me if I'm mis-reading this, but isn't search volulme still less than it was a couple weeks ago when nothing notable was happening?

How long does it take for Google Trends to have the most updated data?

The notable thing going on a couple of weeks ago was the Bitcoin Conference which took the price up to $12.

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Jixtreme
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September 07, 2011, 08:24:24 PM
 #7

The notable thing going on a couple of weeks ago was the Bitcoin Conference which took the price up to $12.

Not to split hairs, here, but details are important. It hit $11.X before the conference and fell from there. I suspect it was mostly anticipation buys, but when nothing solid materialized, the price fell. Not to say the Conference had no impact, but my guess is that the shrewd folks who attended realized $11.something was a micro-bubble and decided to wait on actually buying BTC.

They will get in when the time is right.

That time is coming, but not *just* yet, I don't think.

-Jix
Elwar (OP)
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September 07, 2011, 08:33:22 PM
 #8

The notable thing going on a couple of weeks ago was the Bitcoin Conference which took the price up to $12.

Not to split hairs, here, but details are important. It hit $11.X before the conference and fell from there. I suspect it was mostly anticipation buys, but when nothing solid materialized, the price fell. Not to say the Conference had no impact, but my guess is that the shrewd folks who attended realized $11.something was a micro-bubble and decided to wait on actually buying BTC.

They will get in when the time is right.

That time is coming, but not *just* yet, I don't think.

-Jix

Hmm, I could have sworn that it hit $12 during one of those quick run ups before the conference.

The Google trends chart does show some impact from the weekend of the conference (August 20,21). But ya, nothing materialized from it like everyone had anticipated (ie. CNN broadcast, etc.).

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
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