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Author Topic: Google Searches for ‘Bitcoin Price’ Sink to Three-Year Low  (Read 24 times)
FXTradingPro
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August 25, 2018, 10:49:02 PM
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Google trend has been an accurate leading indicator for the price of BTC. As searches increase an upswing in BTC is usually to follow. Does the google trend data indicate a flat or down market or has BTC matured enough that search data has become irrelevant?

https://www.ccn.com/google-searches-for-bitcoin-price-sink-to-three-year-low/
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First77
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August 25, 2018, 11:00:43 PM
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It looks like there are no buyers for Bitcoin at $6000 and there are more sellers.
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August 25, 2018, 11:55:47 PM
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It looks like there are no buyers for Bitcoin at $6000 and there are more sellers.

That is the mistake most common investors do. They want to buy when prices are high and demand is more because everyone is talking about but when prices are down they don't want to buy because they can't analyze market so they just want to follow the market condition.

These kinds of investor very seldom make a profit from their trades or investments. If you believe in bitcoins then it is a right time to buy and hold.
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August 26, 2018, 03:02:31 AM
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Google trend has been an accurate leading indicator for the price of BTC. As searches increase an upswing in BTC is usually to follow.

no, it has always been the other way around.
meaning whenever there is a price rise like last year for instance, then there is a lot of newcomers finding out about bitcoin and the interest in bitcoin generally peaks, as a result people search about bitcoin a lot more than when price is stable like now which there isn't that many newcomers coming in.

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