Changes in the bitcoin price predictions with google trends.

[Yamifoud]

There is a correlation between the bitcoin price movement and google trends. But you cannot use that to predict the future price because it works backward. By the time google trend shows up, the price has already peaked and you will be riding a downtrend already.

right, google trends like a conclusion of price movements. but this can be used as a reference to find out the trends that occur, so many say that the exit before the hill is formed, of course we have to sell it before the price is at the peak

We are not particularly be using Google trend, as mostly we look on the marketcap to see prices movements. They'll never good with using Google trend and so they just ignored this thing.
That slope happen after the peak is maybe just because many crypto holder's sell their coins and even set the price below the market demand, this will results into falling of price

[ifinta]

https://de.cointelegraph.com/news/dutch-central-bank-advisor-bitcoin-price-changes-with-google-search-activity

[ifinta]

https://de.cointelegraph.com/news/dutch-central-bank-advisor-bitcoin-price-changes-with-google-search-activity

in english:

https://cointelegraph.com/news/dutch-central-bank-advisor-bitcoin-price-changes-with-google-search-activity

[TravelMug]

For obvious reasons, when the price of bitcoin is going up, a lot of people are interested so they go to Google and search about it. So I think that's the logical explanation, imho.

But to say that investors will go to Google trends and make their decisions based on that is completely wrong. Maybe newbie investors will likely believe in this, but smart investors knows the game very well.

[whirlcoin]

I see, it exists alredy a changes of the behavior of google trends...
1.) The price falled in November 2018 AND the people wanted to know - Why?
2.) If the interesting falling (google trends lowers), some (big) investors trying to buy a big chunk - it results in a slowly deflation

the Bitcoin price will not depends on any other thing the only thing is the demand and factor but the investment was reduced in Bitcoin due to the prediction by some other like this will definitely affect the Bitcoin to be developed and it made the investment are very low.

[Oceat]

For obvious reasons, when the price of bitcoin is going up, a lot of people are interested so they go to Google and search about it. So I think that's the logical explanation, imho.

But to say that investors will go to Google trends and make their decisions based on that is completely wrong. Maybe newbie investors will likely believe in this, but smart investors knows the game very well.

Well, this is just according to the majority of most searches using google but what about to those who surf anonymously? Although we can't deny the fact that Google is the most common search engines for people who do need to find a good result with just one press of that enter button.

Google searches may not be a good sign to rely on all of our hopes in the future since no one could ever tell what would be the future.

[playboy654]

No one can say the right prediction in all the time so we need to take it otherwise it will definitely be helpful for the future investment but the decision maker is always you because the prediction will not work with the Crypto investment and you can do what you think will be that satisfying thing for everyone.

[Adriano2010]

Maybe yes, and also people will buy more if they see good news amd holders will still hold what they have, today i read a lot of good news on google search and most say that bitcoin will reach over 50,000$.

[ifinta]

For obvious reasons, when the price of bitcoin is going up, a lot of people are interested so they go to Google and search about it. So I think that's the logical explanation, imho.

But to say that investors will go to Google trends and make their decisions based on that is completely wrong. Maybe newbie investors will likely believe in this, but smart investors knows the game very well.

Yes. This is important. Many many newbies coming before a hype..