Popularity of BITCOIN on Twitter Declining?

[serjent05]

An additional information backing up OP's issue, an article : https://cryptoslate.com/twitter-isnt-tired-bitcoin-hashtags-all-time-low/ stated:

#Bitcoin largely missing from Twitter
While the so-called crypto community was born from online forums such as Bitcoin Talk and Reddit, it matured on Twitter. Of the social media platforms, Twitter is fast-paced enough to keep up with the rapidly evolving crypto-sphere. Soon, it became the standard place for discussions on the state and future of the space, especially for those in America and Europe.

As a result, Twitter, and the number of mentions a cryptocurrency gets there, are often seen as an important metric—one that gauges whether a project has made it into the public discourse.

Therefore, it’s not surprising that mentions of Bitcoin on Twitter grew as the coin got more popular. The popularity of the #Bitcoin hashtag spiked every time it saw a significant price movement, indicating that it was, most literally, the talk of the town.

Mentions of Bitcoin hashtags were at their all-time-high on Dec. 7, 2017, right when the coin began its turbo-charged jump to $20,000. Data from BitInfoCharts showed that #Bitcoin was mentioned more than 155,600 times that day.

However, the Bitcoin hashtag has been losing its popularity ever since. On Oct. 4, the hashtag seemed completely missing from Twitter, as it got just over 8,300 mentions in the day.

saying that even though Bitcoin hashtag is at all time low, it does not mean that bitcoin popularity declines.

Is the world tired of Bitcoin?
Some might see the lack of Bitcoin mentions on Twitter as a sign of waning interest. But, the truth seems far from it. The data shown in BitInfoCharts only takes into consideration hashtags and not all and every mention of the word Bitcoin.

[Orange Mango]

It looks very similar. People seem to only be interested in bitcoin when the price is up. Typical of people to only support something when the going is good and not tough it out when things get a bit rough.
I have also noticed more none crypto people talk about bitcoin when it is doing well. Then criticize it when it goes down.

[teosanru]

Excellent point, can you please share some graph or chart from a reliable source or a link to some google analytics? I don't mean to defy you but that would definitely look a bit more reliable. Even though if it's true then your point hold's perfectly valid. Facebook is increasing at a never ending phase. I am surprised it's engagement as per google trends going down please share some links would love to see a few.

Google trends - https://trends.google.com/trends/explore?date=all&q=facebook

I have switched to Worldwide instead of the US, so there's only one peak - 2012, and the decline is even bigger.

Facebook's stock - https://www.nasdaq.com/market-activity/stocks/fb (switch to max)

It's clearly going in the opposite direction of google trends.

Facebook's daily active users - https://www.statista.com/chart/10047/facebooks-monthly-active-users/

Basically same trend as FB's stock.

Interest info graphic I musts say so maybe the reason is one among the two which I have written below my graph either the bounty hunters have vanished and only authentic social media marketers are doing social media marketing or the media isn't covering it anymore. Maybe people are just used to it as a common thing.

An additional information backing up OP's issue, an article : https://cryptoslate.com/twitter-isnt-tired-bitcoin-hashtags-all-time-low/ stated:

#Bitcoin largely missing from Twitter
While the so-called crypto community was born from online forums such as Bitcoin Talk and Reddit, it matured on Twitter. Of the social media platforms, Twitter is fast-paced enough to keep up with the rapidly evolving crypto-sphere. Soon, it became the standard place for discussions on the state and future of the space, especially for those in America and Europe.

As a result, Twitter, and the number of mentions a cryptocurrency gets there, are often seen as an important metric—one that gauges whether a project has made it into the public discourse.

Therefore, it’s not surprising that mentions of Bitcoin on Twitter grew as the coin got more popular. The popularity of the #Bitcoin hashtag spiked every time it saw a significant price movement, indicating that it was, most literally, the talk of the town.

Mentions of Bitcoin hashtags were at their all-time-high on Dec. 7, 2017, right when the coin began its turbo-charged jump to $20,000. Data from BitInfoCharts showed that #Bitcoin was mentioned more than 155,600 times that day.

However, the Bitcoin hashtag has been losing its popularity ever since. On Oct. 4, the hashtag seemed completely missing from Twitter, as it got just over 8,300 mentions in the day.

saying that even though Bitcoin hashtag is at all time low, it does not mean that bitcoin popularity declines.

Is the world tired of Bitcoin?
Some might see the lack of Bitcoin mentions on Twitter as a sign of waning interest. But, the truth seems far from it. The data shown in BitInfoCharts only takes into consideration hashtags and not all and every mention of the word Bitcoin.

Naturally I know it takes into consideration only #Bitcoin but I think both word bitcoin and #bitcoin would provide similar result because it's crazy to think that people have started using less hashtags than they used to use earlier. I think main cause maybe that people are getting quite used to it.

[ChrisPop]

Bitcoin isn't discussed as much on Twitter as those altcoins who have gangs bumping up the posts and retweeting them all over. I see Bitcoin more as a pure cryptocurrency, like the King of this new industry. Even back in the old times when alt season was a thing, the whole CT was exploding with tweets about "moon shots". Well, now that's not the case anymore isn't it?...

We have transitioned to another phase where only legitimate, valuable cryptos will succeed and not any useless piece of token.

[Kakmakr]

A spike in the price always peek people's interest in Bitcoin, so that is not something new to us. When the price goes higher, speculators take notice again and they start investing and building businesses around Bitcoin again. People have a very short attention span and also a very short memory, so they quickly forget what happened in 2017. 

You can also see this happening on this forum, because this forum was super busy during the 2017 spike in the price, but now it slowed down to a crawl.   

[skarais]

A spike in the price always peek people's interest in Bitcoin, so that is not something new to us. When the price goes higher, speculators take notice again and they start investing and building businesses around Bitcoin again. People have a very short attention span and also a very short memory, so they quickly forget what happened in 2017. 

You can also see this happening on this forum, because this forum was super busy during the 2017 spike in the price, but now it slowed down to a crawl.   

Sure enough, every time something big happens like a price spike, people will start to find out what really happened. What happened in 2017 has made many people search for information about bitcoin and continue to monitor price movements.  Traders and visitors keep coming so they have an impact on their Twitter popularity.
That also applies to bitcointalk and other websites that provide information about bitcoin and altcoin.

[Artemis3]

Bitcoin isn't discussed as much on Twitter as those altcoins who have gangs bumping up the posts and retweeting them all over. I see Bitcoin more as a pure cryptocurrency, like the King of this new industry. Even back in the old times when alt season was a thing, the whole CT was exploding with tweets about "moon shots". Well, now that's not the case anymore isn't it?...

We have transitioned to another phase where only legitimate, valuable cryptos will succeed and not any useless piece of token.

Well I'm not that confident about the altcoins, so far they have failed to improve on Bitcoin, there is always some mistake either in code or in human handling. Of course, those "gangs" are paid, most doing it because a campaign is going on, which is yet another reason to ignore twitter. Besides, there are services involving the sale of tweet followers, etc, so its all a facade anyway.

Altcoin market is saturated, its been so for a good long while, perhaps people noticed, perhaps not. From time to time they seem to make a comeback to fade away into oblivion.

[acroman08]

An additional information backing up OP's issue, an article : https://cryptoslate.com/twitter-isnt-tired-bitcoin-hashtags-all-time-low/ stated:

#Bitcoin largely missing from Twitter
While the so-called crypto community was born from online forums such as Bitcoin Talk and Reddit, it matured on Twitter. Of the social media platforms, Twitter is fast-paced enough to keep up with the rapidly evolving crypto-sphere. Soon, it became the standard place for discussions on the state and future of the space, especially for those in America and Europe.

As a result, Twitter, and the number of mentions a cryptocurrency gets there, are often seen as an important metric—one that gauges whether a project has made it into the public discourse.

Therefore, it’s not surprising that mentions of Bitcoin on Twitter grew as the coin got more popular. The popularity of the #Bitcoin hashtag spiked every time it saw a significant price movement, indicating that it was, most literally, the talk of the town.

Mentions of Bitcoin hashtags were at their all-time-high on Dec. 7, 2017, right when the coin began its turbo-charged jump to $20,000. Data from BitInfoCharts showed that #Bitcoin was mentioned more than 155,600 times that day.

However, the Bitcoin hashtag has been losing its popularity ever since. On Oct. 4, the hashtag seemed completely missing from Twitter, as it got just over 8,300 mentions in the day.

saying that even though Bitcoin hashtag is at all time low, it does not mean that bitcoin popularity declines.

true, we all know what was the reason of the sudden rise #Bitcoin tweets and it was expected(at least I did) to go down when the price of bitcoin started dropping.
also I don't base the popularity of bitcoin because of how much bitcoin is being tweet. I am pretty sure when bitcoin start rising up again and reach or surpassed it's
previous peak you'll see the spike of tweets about bitcoin again.

[teosanru]

Bitcoin isn't discussed as much on Twitter as those altcoins who have gangs bumping up the posts and retweeting them all over. I see Bitcoin more as a pure cryptocurrency, like the King of this new industry. Even back in the old times when alt season was a thing, the whole CT was exploding with tweets about "moon shots". Well, now that's not the case anymore isn't it?...

We have transitioned to another phase where only legitimate, valuable cryptos will succeed and not any useless piece of token.

Haha Yes I think the dusts regarding #BTC to moon might have settle why people have accepted it in their daily routine and thereby not creating much hypes regarding it everyday.

I don't know this chart is how much realistic. Bitcoin popularity declining in twitter for the bearish market i think. Because in the red market there are no good projects coming and hunters didn’t participating in bounty campaign even a lot of hunters leaving from the bounty job. Actually that's why from the long distance created and they aren’t making tweet. I hope this twitter statices will be grow when crypto market going pump.       

Actually if they are not because of the bear run they won't be growing even in the bull run. Surely certain media would be displaying news in favour of bitcoin which might give these statistics a little pump but overall the story is going to remain same after a few days of that pump.

A spike in the price always peek people's interest in Bitcoin, so that is not something new to us. When the price goes higher, speculators take notice again and they start investing and building businesses around Bitcoin again. People have a very short attention span and also a very short memory, so they quickly forget what happened in 2017. 

You can also see this happening on this forum, because this forum was super busy during the 2017 spike in the price, but now it slowed down to a crawl.   

Sure enough, every time something big happens like a price spike, people will start to find out what really happened. What happened in 2017 has made many people search for information about bitcoin and continue to monitor price movements.  Traders and visitors keep coming so they have an impact on their Twitter popularity.
That also applies to bitcointalk and other websites that provide information about bitcoin and altcoin.

Yes this gives me another point. Maybe people had never heard regarding Bitcoin earlier which made them to search more about #bitcoin which is why statistics during that time is high. Most of the media marketers decide their hashtags based on search trends only.

[virendarnagpal]

There was time when crypto market was on it's peak.  A large number of bounty hunters were busy on twitter regarding different coins / projects.  Others were watching a number of posts on twitter and so were knowing about crypto and bitcoin too.
Many new people were investing / buying bitcoin with the objective to gain if bitcoin price rises.  These people may also be engaged in writting on twitter about bitcoin.
Now crypto market has fallen to new depths. Most of the bounty hunters are away.  So we hear less about crypto and bitcoin.  Certainly it has shown these results on twitter / facebook / instagram too.

[Leonardo7]

I think the decline if the result is true should be due to the falling price of bitcoin from its ATH, this doesn't mean the bitcoin is not still heavily searched for on another platform especially google.  Some persons think bitcoin will not rise in price again because of what they have been wrongly thought, and they carry the same rumor about.

[Alexandr Kirichenko]

This chart says nothing in principle about the popularity of Bitcoin. If anyone remembers, then at some time Twitter tightened the policy and banned users who wrote about the cryptocurrency and put similar hashtags. Therefore, there was a decline.

[Pab]

Many people say that BTC has grown in adoption and use. But I think despite of this fact the popularity of bitcoin is going downwards. Here is a very interesting graphic I found which shows the number of posts with #Bitcoin on Twitter I think the graph is pretty identical with the price graph.



However I personally think there are two reasons behind the boom which came during the bull run.
1. Bounties & Bounty Hunters: During the Bull run bounty hunting was at its peak and all the bounty hunters participated heavily in twitter campaigns. Most of the tweets had some basic condition to add a few hashtags related to cryptocurrency I think that was the reason why the graph looks so tall during the bull run.

2. Trading Mentors & Media: A lot of hype was also created by all types of media around the world when they continuously posted around regarding bitcoin and how it went to moon. Moreover even every damn trader became a trade mentor because every coin was going up people gave calls blindly and became trading mentor. These mentors were giving calls on daily basis with these usual hashtags relating to bitcoin.

These can be the two reasons why chart shows such a long tower in December 2017.

It only means that price is stagnant.Bitcoin twitter is mostly interested in bitcoin price up
That we see by observing bitcoin price action
When green candles will be back to then immediately number of hashtags #bitcoin will increase

[ashmodeus]

Many people say that BTC has grown in adoption and use. But I think despite of this fact the popularity of bitcoin is going downwards. Here is a very interesting graphic I found which shows the number of posts with #Bitcoin on Twitter I think the graph is pretty identical with the price graph.

do we need to do it again?
because almost all over the world people who know the internet must have heard or often heard about btc.
even my stupid uncle also know about bitcoin, i just a little suprised about it because internet for him just facebook and porn.
and i guess ur statement wrong, price down but people knowing bitcoin still grow everyday.

However I personally think there are two reasons behind the boom which came during the bull run.
1. Bounties & Bounty Hunters: During the Bull run bounty hunting was at its peak and all the bounty hunters participated heavily in twitter campaigns. Most of the tweets had some basic condition to add a few hashtags related to cryptocurrency I think that was the reason why the graph looks so tall during the bull run.

2. Trading Mentors & Media: A lot of hype was also created by all types of media around the world when they continuously posted around regarding bitcoin and how it went to moon. Moreover even every damn trader became a trade mentor because every coin was going up people gave calls blindly and became trading mentor. These mentors were giving calls on daily basis with these usual hashtags relating to bitcoin.

These can be the two reasons why chart shows such a long tower in December 2017.

1. i also participated during that time, I cannot say that is absolutely true, because mostly the bounty hunters using hashtag about project. not another cryptocurrency, even btc.
2. well, i can agree about this one, its like a virus, infecting so fast. since they have a screen shot of their asset grow so fast , people try to following them, well, for example Ian ballena.

[dothebeats]

#bitcoin is not really a reliable metric when it comes to measuring bitcoin-related discussions, tweets and whatnot in the said website. Overall interest in bitcoin is still in there, though somewhat contained in a small circle when big events aren't happening in the cryptosphere. And you're correct (somehow) since bounty hunters today don't necessarily include #bitcoin in their tweets but rather the product/token that they are endorsing. Just like Google Trends chart for bitcoin, #bitcoin only becomes alive when there's a substantial price movement going on. See the chart come alive at the end of 2017 and start of 2018 before the massive downfall, and only to pick up some steam at the end of Q1 2019 where bitcoin escaped from $3000 levels back to where it is right now.

[doomistake]

Bounties don't usually require participants to include #bitcoin in their tweets, so I think this factor is fairly negligible. This chart is quite similar to google trends, and we already know that public interest is tied to Bitcoin's price movements, so there's nothing unexpected here.

Yes they do, they even requires bounty hunters who joined their social media campaign to report on their thread every week to see if they've really done sharing, commenting, and putting hashtags they required.

But it's also not a perfect evidence for making any judgements about Bitcoin's adoption. When I pay for something with my money, I don't rush to Twitter to post #cash or #visa, so I assume people who use Bitcoin don't do it either.

I agree.

this popularity of bitcoin in twitter by using hastags was just some hype and not totally increase the mass adaptation of bitcoin, the awareness of people maybe, that there are cryptocurrency existing in this world. I am sure that the majority of whoever sees it still doubt bitcoin and started making more negative news about it. It would help a little maybe if people who use those hashtags are still doing it without payments.

[putukin]

Many people say that BTC has grown in adoption and use. But I think despite of this fact the popularity of bitcoin is going downwards. Here is a very interesting graphic I found which shows the number of posts with #Bitcoin on Twitter I think the graph is pretty identical with the price graph.



However I personally think there are two reasons behind the boom which came during the bull run.
1. Bounties & Bounty Hunters: During the Bull run bounty hunting was at its peak and all the bounty hunters participated heavily in twitter campaigns. Most of the tweets had some basic condition to add a few hashtags related to cryptocurrency I think that was the reason why the graph looks so tall during the bull run.

2. Trading Mentors & Media: A lot of hype was also created by all types of media around the world when they continuously posted around regarding bitcoin and how it went to moon. Moreover even every damn trader became a trade mentor because every coin was going up people gave calls blindly and became trading mentor. These mentors were giving calls on daily basis with these usual hashtags relating to bitcoin.

These can be the two reasons why chart shows such a long tower in December 2017.

In my opinion, most of the posts on Twitter in 2018 were advertising speculation to buy BTC. Remember how many people did not know what crypto actually is but everyone wanted to buy Bitcoin because its price was flying to the moon. This is a reason what different cantors used for posts on Twitter and other media platforms to attract ordinary people to buy Bitcoin.

[Eugenar]

Many people say that BTC has grown in adoption and use. But I think despite of this fact the popularity of bitcoin is going downwards. Here is a very interesting graphic I found which shows the number of posts with #Bitcoin on Twitter I think the graph is pretty identical with the price graph.



However I personally think there are two reasons behind the boom which came during the bull run.
1. Bounties & Bounty Hunters: During the Bull run bounty hunting was at its peak and all the bounty hunters participated heavily in twitter campaigns. Most of the tweets had some basic condition to add a few hashtags related to cryptocurrency I think that was the reason why the graph looks so tall during the bull run.

2. Trading Mentors & Media: A lot of hype was also created by all types of media around the world when they continuously posted around regarding bitcoin and how it went to moon. Moreover even every damn trader became a trade mentor because every coin was going up people gave calls blindly and became trading mentor. These mentors were giving calls on daily basis with these usual hashtags relating to bitcoin.

These can be the two reasons why chart shows such a long tower in December 2017.

I hardly believe that bounty hunting might be the reason of the peak in 2018, why? Since bounty hunters are promoting projects but not really focuses on bitcoin, they are promoting other altcoins which is the product of different projects. In that case, the focus should be to other coins as well. Why not to think about bitoin is really getting into popularity not just in twitter, but also in other social media platforms.

[Zeke_23]

Many people say that BTC has grown in adoption and use. But I think despite of this fact the popularity of bitcoin is going downwards. Here is a very interesting graphic I found which shows the number of posts with #Bitcoin on Twitter I think the graph is pretty identical with the price graph.



However I personally think there are two reasons behind the boom which came during the bull run.
1. Bounties & Bounty Hunters: During the Bull run bounty hunting was at its peak and all the bounty hunters participated heavily in twitter campaigns. Most of the tweets had some basic condition to add a few hashtags related to cryptocurrency I think that was the reason why the graph looks so tall during the bull run.

2. Trading Mentors & Media: A lot of hype was also created by all types of media around the world when they continuously posted around regarding bitcoin and how it went to moon. Moreover even every damn trader became a trade mentor because every coin was going up people gave calls blindly and became trading mentor. These mentors were giving calls on daily basis with these usual hashtags relating to bitcoin.

These can be the two reasons why chart shows such a long tower in December 2017.

I hardly believe that bounty hunting might be the reason of the peak in 2018, why? Since bounty hunters are promoting projects but not really focuses on bitcoin, they are promoting other altcoins which is the product of different projects. In that case, the focus should be to other coins as well. Why not to think about bitoin is really getting into popularity not just in twitter, but also in other social media platforms.

Yes and since bounty campaign/social media campaign are declining, we cant avoid the fact that the trend on social media regarding bitcoin and other cryptocurrency will also declined. Bitcoin will be making a name again and social media users will surely talk about it again when its price will increase.

[NathanJB]

I guess it has something to do with people hyped up during the bull run and make a lot of tweets relating to Bitcoin. Needless to say, during seasons when Bitcoin is not that performing great, people do not talk much about it. That's what I can see in the graph. When the price of BTC rallies, there are also people who are not familiar with Bitcoin suddenly becomes curious. They do not feel that curiosity when there is nothing so special about BTC's movement.

Bounties and bounty hunters have nothing to do with it. Around 99% of them tweets the project they are promoting and not really Bitcoin.