Google Searches of Bitcoin

[Asuspawer09]

Google Searches of bitcoin is up 33% because of the trending market price of 10,000$



We also have bitcoin halving google searches that increase since there are only 3months before the bitcoin halving.




Reference:
https://bitcoinist.com/bitcoin-google-searches-surge-as-crypto-bulls-gather-momentum/

New update here :

The google search of bitcoin exploded again in google in the past week according to data from Google Trends, Even the market of bitcoin experience a big dump.

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[kryptqnick]

Okay, these are just facts. But what do they tell us? What should we discuss here?
I think it's natural that Bitcoin halving search results are growing since the event is just months away. As for Bitcoin search results being 33% up, I don't know if it's really because of the price, but it might be the reason. I am also wondering how much this search result number fluctuates over a longer period of time (is 33% a big deal or not). Moreover, does the amount of searches rise when Bitcoin is going down? So is it the fluctuation that causes the rise or positive news only?
In any case, searches don't tell us much about what's going to happen, they might not lead to anything.

[RapTarX]

I don't know if it's really because of the price, but it might be the reason. I am also wondering how much this search result number fluctuates over a longer period of time (is 33% a big deal or not). Moreover, does the amount of searches rise when Bitcoin is going down? So is it the fluctuation that causes the rise or positive news only?

Price of bitcoin and google trend for bitcoin has correlation. It's common though; whenever BTC goes up, more media, more news and more people knows about this. As a result, people do much search on google about BTC. Moreover, when price goes up, people used to have more information on it (My experience  ) As you can see the trend was at ATH when BTC price was ATH as well at December 2017.

[Dr.Osh]

I am pretty sure that he wants to provide information about increasing people's interest in bitcoin, and I think this will continue to happen as bitcoin prices continue to grow. out there, there are people who know about bitcoin and don't care about it, and when they see the current situation, they come back to care and look for information on how to produce bitcoin. I think that the search for bitcoin will continue to grow at this time.

[White Christmas]

This is natural that the percentage of the google search was all about bitcoin and bitcoin halving because people also see the rapidly to the moon of the bitcoin and other cryptocurrency such as ethereum and xrp and I can say that it is already a fact that may boost the google search to 33% because of the price of bitcoin as well as the bitcoin halving which the people say that this is also one of the many reasons why bitcoin is having a great impact to the market today.

[LTU_btc]

Price of bitcoin and google trend for bitcoin has correlation. It's common though; whenever BTC goes up, more media, more news and more people knows about this. As a result, people do much search on google about BTC. Moreover, when price goes up, people used to have more information on it (My experience  ) As you can see the trend was at ATH when BTC price was ATH as well at December 2017.

https://talkimg.com/images/2023/09/10/mq0xz.png

It's normal and fully understandable thing. It would be strange if there wouldn't be any correlation between these things. It's same like number of active users or new signups (can't remember which one thing exactly) on Bitcointalk also directly correlste with Bitcoin price. Or number of Google search of Christmas songs goes up in December .

[Rengga Jati]

Google Searches of bitcoin is up 33% because of the trending market price of 10,000$

Not a surprising thing, as people must be attracted to see the progress of Bitcoin price this time. And most passive BTC holders will decide to analyze and grab information related to the potential move on Bitcoin. On the other hand, there will be some newcomers who are learning many sources and reading current news in order to prepare to join BTC investment. Most of them seem to have the intention to try their luck because of following Hype on social media. So, simply the keyword "Bitcoin", will rise up! 

[Oasisman]

I guess, the investors and swing traders who were constantly monitoring the price also had big contribution to the increased percentage of Google searches. Also, the people who isn't much of a Bitcoin believers and were trying to figure how to acquire and monetize the current price trend.
For sure, It will keep increasing until next year when the halving effect on price subsides.

[LeGaulois]

I guess, the investors and swing traders who were constantly monitoring the price also had big contribution to the increased percentage of Google searches. Also, the people who isn't much of a Bitcoin believers and were trying to figure how to acquire and monetize the current price trend.
For sure, It will keep increasing until next year when the halving effect on price subsides.

Anybody already active in Bitcoin's ecosystem doesn't use Google, he/she uses bookmarked pages. Imagine yourself active in cryptocurrencies and so visiting related websites daily/weekly, do you type the keywords daily in the search box or do you save pages in bookmarks to save your time? I guess your bookmarks...

To me, the increase in google searches comes from people who start to take interest in BTC or look at it by curiosity because they heard about it in the media outlets, etc. But the most important is does it convert in potential Bitcoiners?

An increase in Google searches doesn't really mean something considering 50% of Google searches end without a click to other content
It may be just people looking to get the BTC price since when you search "Bitcoin" the first thing you get is the real-time rate

[romero121]

The Google search trend changes rapidly, when it comes to bitcoin it has been increasing tremendously with time. At times, particularly by the time of price increase more people get to know about it. This itself a reason for the increased number of searches. Maybe this will drop a little while there is price crash.

The market growth and the widening of the community can be confirmed through these statistical information, because even now there are people who aren't sure about the growth of bitcoin.

[sunsilk]

Least expected I guess.

Bitcoin is skyrocketing again and those searches are from people who are interested again of watching the price rally of bitcoin. And I think, they are in between now whether to buy before it pumps more or wait until it dips.

[Velkro]

Google Searches of bitcoin is up 33% because of the trending market price of 10,000$

Which could trigger price movement up or it won't .
You never know, if 33% is enough to make ripple effect or it needs 50-70%.
Predicting price is really hard, but for us day traders its a must.

[GreatArkansas]

Least expected I guess.

Bitcoin is skyrocketing again and those searches are from people who are interested again of watching the price rally of bitcoin. And I think, they are in between now whether to buy before it pumps more or wait until it dips.

Smells like incoming Fear Of Missing Out (FOMO). It's normal for Google Searches that can track current trends and on Bitcoin side; it's already given, once the price is slowly climbing, here the people started to look on it like new people introduced Bitcoin for the first time.
But that 33% increase in Google Searches of Bitcoin is doesn't mean all or must of them are buying Bitcoin or using Bitcoin.

[taufik123]

Many people are interested in the news that Bitcoin will be halving in May. This has sparked public interest in getting the latest news about bitcoin.
Then bitcoin is able to reach prices above $ 10,000 and then continue to rise. This makes both old and new investors enter the bitcoin market.

Bitcoin prices go up certainly affect the altcoin that will do the recovery when bitcoin sideway in some time. Bitcoin dominance has decreased and this will be the Alt season that many people have been waiting for.

Many Good news supports Bitcoin to rise and many bitcoin experts also predict bitcoin will reach a new ATH later. Hopefully the market situation will continue to improve and we will celebrate together.

[LUCKMCFLY]

In the local forum in Spanish, we also have this discussion, in fact, the peak of September 2019 is seen here:https://trends.google.es/trends/explore?date=today%205-y&q=%2Fm%2F05p0rrx,btc Google trends always play with traffic according to the search criteria.

 In this case it is normal for bitcoin halving searches to be on the rise, many are looking for data that will provide security information for their investment, the "Bitcoin Halving" effect may not occur immediately, but as time passes It is most likely. You can visit our Spanish thread: https://bitcointalk.org/index.php?topic=5182465.20

[Oasisman]

I guess, the investors and swing traders who were constantly monitoring the price also had big contribution to the increased percentage of Google searches. Also, the people who isn't much of a Bitcoin believers and were trying to figure how to acquire and monetize the current price trend.
For sure, It will keep increasing until next year when the halving effect on price subsides.

Anybody already active in Bitcoin's ecosystem doesn't use Google, he/she uses bookmarked pages. Imagine yourself active in cryptocurrencies and so visiting related websites daily/weekly, do you type the keywords daily in the search box or do you save pages in bookmarks to save your time? I guess your bookmarks...

Yeah, I get your point, but If I put myself as an example. I don't visit crypto related websites if I'm on a different device, specially in the office, instead I just simply use Google for a quick check on the current BTC price, because I swing-trade sometimes. Nevertheless, you have a strong point.

To me, the increase in google searches comes from people who start to take interest in BTC or look at it by curiosity because they heard about it in the media outlets, etc. But the most important is does it convert in potential Bitcoiners?

It does, remember a lot of people were trapped purchasing at a higher price expecting more than the $20,000 ATH in 2017.

It may be just people looking to get the BTC price since when you search "Bitcoin" the first thing you get is the real-time rate

Exactly what I meant in my top comment.

[adaseb]

I think that the only time when Bitcoin search interest exceeds the one in late 2017 is if we hit another ATH again and never before. We had a big rally back in 2019, however most people weren't interest in bitcoin anymore. The bitcoin halving search term doesn't mean much, it could be regular users like me googling it to check what day it will occur on. Doesn't mean the price will rise since the amount of searches for halving is rising.

I asked a few people in 2019 after the rally to $13.8K and see if they were still in the game. Most just went to trade stocks and weren't interest. We need Bitcoin to break $20K, and head to $50K and be on every news and newspaper everyday and that will result in a new higher interest over time on Google trends.

[pakhitheboss]

Google Searches of bitcoin is up 33% because of the trending market price of 10,000$



We also have bitcoin halving google searches that increase since there are only 3months before the bitcoin halving.




Reference:
https://bitcoinist.com/bitcoin-google-searches-surge-as-crypto-bulls-gather-momentum/

This not new in 2017 and 18 Bitcoin was the most search keyword on Google and if history repeats itself the same will happen in 2020 and 21. As the Fiat value of Bitcoin steadily goes up, more people will be trying to understand this phenomenon and will be eager to invest in it.

[bgaf]

Which could trigger price movement up or it won't .
You never know, if 33% is enough to make ripple effect or it needs 50-70%.

Yes it could trigger IMO, ripple effect doesn't really concern the possibility of such surge especially if the market is full of hype. Like the halving of btc which literally gain so much effect since the start of 2020.

And I think, they are in between now whether to buy before it pumps more or wait until it dips.

Still weighing if the time is actually good and can produce a good profits if they turn or decided to buy now. But only traders can specifically predict which track btc could dive. For now, I think better yet to trade minimal btc and keep holding cause halving is just 3months away. I dont know if the market can still pullback in spite of continuous pump.

[alexsandria]

There is so many reasons why the searching of bitcoin by the people have increase and this is already because on the reason that the value or the price of bitcoin has gone so good in which it is already in $10,300 already and still continuously pumping up and we already also known that this is also because on the reason that the bitcoin halving will definitely come right now so this probably the main reason why the percentage of the person who are currently searching on google about bitcoin and bitcoin halving has increased.