Bitcoin Surpassed The "Stocks" Search Term (Google Trends)

[SuperTA]

Bitcoin Surpassed The "Stocks" Search Term (Google Trends).

Every time this happens bitcoin starts to rise. This happened in may 2017 and in april 2019. You know what happened after may 2017! One of the best performing years for bitcoin. Should we expect the same thing in 2019? Well, it's maybe too early to tell but according to this google search statistic it's a good start. Bitcoin started a nice rally after this happened in april 2019.

This doesn't mean that bitcoin will start to rise tommorow. But there is a higher chance that we started a new positive cycle to the longterm upside. At least it's very bullish compared to the stocks.

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[SuperTA]

I hope that doesnt happen again before altmarket bull run even for a short period.me and many people stucked at alts.we need an alt season.

The rule nr.1 for me is always to have at least 50% of crypto in bitcoin. At least 50%! Preferably more!

[GreatArkansas]

Should we expect the same thing in 2019? Well, it's maybe too early to tell but according to this google search statistic it's a good start. Bitcoin started a nice rally after this happened in april 2019.

It is also too in the block halvening. Maybe the search terms increases because of they are curious of what bitcoin do especiall it's limited supply compare to their fiat.
No day/month we can expect the another parabolic high, but as always, let's hope that it will happen before the bitcoin halvening.

[Lucius]

SuperTA, you know why people google more for Bitcoin then for stocks? Probably because of fact that stock market is lost $1.4 trillion in just few days of trading, and fact that Bitcoin is hold very decent value despite everything that is happening in the world.

I also see news that gold is at the highest price in last 6 years, so we know that people seeking financial refuge in something that has already proven to be good store of value. But I think that Bitcoin will become more popular in future as store of value, especially if this global crisis continues.

Some say that this year is similar to 2017, but I think we are just warming up for 2020/21 and time after halving, which does not mean that we will not see some good action in next few months, which were generally the most positive months when it comes to price increase.

[eaLiTy]

Bitcoin Surpassed The "Stocks" Search Term (Google Trends).

The rally in 2017 was really crazy and all the news headlines were mentioning about the huge amount of profit you could earn by investing in it and naturally people will search for the new market place hoping to take advantage of the situation, these trends are just an indication of search results and that does not mean that huge investment will come in, the real investment will come from institutional investors that could drive the market and then everyone will join in the rally to ride them  .

This doesn't mean that bitcoin will start to rise tommorow. But there is a higher chance that we started a new positive cycle to the longterm upside. At least it's very bullish compared to the stocks.

There are many factors that are driving the stock market downwards and we never know whether we might see yet another recession in the coming years because of the trade wars that is being going on between US and China, just look at the price of gold, it is rising once again and bitcoin is way better than stock market at this point to invest.

[freedomgo]

Looking at the graph, stocks looks very stable while Bitcoin is so volatile, that reflects the true movement of bitcoin in the market.
More people are interested in bitcoin because it's easy to invest in here compared to stocks, also when you have bitcoin, you can easily withdraw it from exchange and you can use it for online transaction, even gamble it, while with stocks, it's different, you need to convert it to fiat before you can use it.

Further, small investors are so optimistic with investing in bitcoin as it's proven BTC is profitable and it rises to $20,000 from less than $1 of value in the early stage, that fact alone is very attractive to small investors.

[Indamuck]

It it scary how dominant google has become.  Ideally they would only have a small portion of the total searches on the internet.  So many people using chrome browser now, they are tracking your every move.  Stop giving them your data people.

[BrewMaster]

I hope that doesnt happen again before altmarket bull run even for a short period.me and many people stucked at alts.we need an alt season.

altcoin pumping season is inevitable and it will happen. but like always, it will be brand new coins that get the biggest pumps and replace the old ones. if you look at the market pre 2017 it didn't look like this at all. the names were different on top. and if you look at it again in 2020 it will be entirely different again.
all the while bitcoin remains on top... as long as altcoins remain pump and dumps.

[DdmrDdmr]

<…>

I often look at Google Trends, and would like two point out two small elements to consider:

- Perhaps the term “Stock Market” is better than “Stocks” in this comparison. Not that the numbers change much (slightly higher for “Stock Market”), but “Stocks” is a broader term, and performing a google search, it shows a whole bunch of entries that are product stock related (not market).

- Google Trends is a relative number comparison tool, not absolute values, using for its data points the number of times a keyword is sought in relation to the total number of searches. That is simply how it works. Since December 2017 has the highest ratio of searched for BTC over the total number of Google searches, that is when the chart’s 100 peak is placed.

What can happen is that, overtime, google receives more traffic and searches, thus the relativizing process uses a different base line for the total number of searches, which could shrink the chart somewhat (or vice-versa).

Say for example Bitcoin was sought (made-up data for the example) 10 Million times on a given date in December 2017, out of 1000 total Google searches (data point A). The relative ratio of 10/1000 is mapped as the 100 peak. Now let’s say that a certain date further ahead also had 10 Million searches for Bitcoin, but on that date Google had 1100 total Google searches (data point B). The ratio 10/1100 is smaller than 10/1000, and thus the chart marks a lower point on the chart for entry B than entry A, even with the same number of searches. On a short scale of time, the difference should not be too noticeable, but on a longer one it may have some impact of the chart.

[dothebeats]

Stocks is always there, has been for a long time, and for sure a lot of people already have their own holdings of the said investment so it's somewhat okay to think that they don't need to search for something they are alredy involved in with Google. Perhaps a better search term would be the fancy wordings they use to attract potential investors (such as equities, dividends, and other words that fall within the similar category.) Anyway though, it's really not a surprise anymore given how high bitcoin jumped since April of this year. It will really turn heads since it's not always happening in some traditional assets.

[sureshverma]

It's simple, Bitcoin is something more modern, and since now more and more young people are interested in trading, such results are predictable

[Michael71]

That's a good thing, it means the crypto environment is here to stay.

[Artemis3]

SuperTA, you know why people google more for Bitcoin then for stocks? Probably because of fact that stock market is lost $1.4 trillion in just few days of trading, and fact that Bitcoin is hold very decent value despite everything that is happening in the world.

I also see news that gold is at the highest price in last 6 years, so we know that people seeking financial refuge in something that has already proven to be good store of value. But I think that Bitcoin will become more popular in future as store of value, especially if this global crisis continues.

This basically. Every-time there is a problem with the economy, they seek refuge in metals. Turns out there is something else now, which is bitcoin, so a part is going there too, especially with it appearing in more and more trading services.

Bitcoin is not related to the economy, quite the opposite, like the metals, they are not tied to one another. The market can crash and bitcoin will still be there, being deflationary it follows Austrian economics principles, not Chicago economics. This is the biggest shock to many. For starters, there are no bubbles and crashes in Austrian economics, thanks to deflationary money.

[timerland]

It's been like this for a week or 2 now I believe. It's pretty obvious the reason why BTC is more searched and popular then stocks, it's like comparing people searching for video streaming services to regular TV.

Bitcoin is the new kid on the block, that has recently been flying in popularity due to last year's bull run, which ended when BTC hit 20,000. During that period, it was heavily published as a really good investment option.

When it comes to investments now, due to the publicity that BTC has gotten, it's often seen as a get rich quick scheme and is more searched and popular than stocks, due to it being new as well.

[meanwords]

I hope that doesnt happen again before altmarket bull run even for a short period.me and many people stucked at alts.we need an alt season.

Don't worry, altcoin will surely follow after Bitcoin. It's just that don't expect your altcoin to pump. You should have invested more in Bitcoin as it has the highest chance to increase in price in all of cryptocurrency. By the way, it's a good thing that Bitcoin is becoming more famous in terms of google search because it shows people's interest in cryptocurrency.

[btc_angela]

Another correlation theory, but I would say that the rally we have $3.2->$13k is just supply and demand. So when the demand goes up Google searches for the word "bitcoin" also goes up. It's just the nature of humans, looking for the best thing and wanted to join the bandwagon. So don't be surprises to see correlation here.

[michellee]

I think that google search will be different in another country, and google trend is base on the country in which people are searching for the keyword they want to find. So if the other people who live in the other country use the keyword term "bitcoin," then I think the result will not be the same as what the OP get.

But yes, keyword "bitcoin" has been increasing in the search engine because I think many people are curious with bitcoin and they want to know more about bitcoin. That will make bitcoin popularity growing than before, and if those people are trying to be involved in bitcoin, then the bitcoin will grow more than now.

[pooya87]

Probably because of fact that stock market is lost $1.4 trillion in just few days of trading, and fact that Bitcoin is hold very decent value despite everything that is happening in the world.

an special mention to all of those who kept saying bitcoin is following the stock market and some of them still insist on it whereas bitcoin has never follower any other market ever. and these cases are the proof of that which can not be mentioned enough.

as for OP's topic, Google trends means nothing. they only show the interest of people at a particular time in searching about a topic not indicating interest in buying what they search. for instance it might be some debate on TV they saw that led them to search more, it might have been the price rise itself that put bitcoin back on their radar. in the end most of them are just searching.

[AjithBtc]

Bitcoin market being very different from the stocks. Myself have a belief as few of the users, gold has touched a new high and it keeps growing. Now people are in need for something more potential. This is where Bitcoin takes lead over the stocks. Earlier similar incident took place when gold all of the sudden grew bigger and bigger. By that time the discussion was whether Bitcoin will surpass gold. This happened and once again some good bull market awaits.

[Jating]

There is good research about the price and it's correlation to forum comments, When Bitcoin encounters information in an online forum: Using text mining to analyse user opinions and predict value fluctuation.

So we can find a lot of correlations around the web, I'm not saying that Google trend is a good indicator because it is a time base relative to a given period of time. But it is very interesting to see and gauge how bitcoin is gaining popularity around the world. And it could be a hot topic that certain groups can take advantage of, like writing (garbage) articles for ad revenues and then when the searches goes down again, look for the next big thing. So it doesn't really mean a thing, to be honest.

[Kakmakr]

It is easy to explain this :

During 2017 the Bitcoin price skyrocketed and it got the attention from speculators and traders all over the world. Everyone with a bit of cash wanted to get in on the action and they knew very little about Bitcoin, so they jumped on the internet and started to Google to find out more.

The latest spike in the Google Bitcoin searches are just a frantic effort from Stock market traders to look for a quick method to hedge against the falling prices of stocks after the trade wars between the USA and China increased. They are all looking for a new Safe haven to protect their wealth and Bitcoin is seen as a possible option to hedge against these potential losses. 

[jostorres]

I would not be surprised if that is really true because people are tending towards where there is fast and easy money now and we know that it is still a lot easier and faster to make money in cryptocurrency than Forex and stock.

Stock profit grows too slow and the percentage is very low even when you pout large amount of money, but with bitcoin, you could put a small money right now and get x2 of whatever you invested with, who would give you such in stock, and one of the reason why bitcoin search maybe more popular is because it is still a new technology and investment, people are still learning about it and the best way for them to get the answer to whatever it is they want to know about bitcoin is for them to search it out of the Google system.