Curious About Bitcoin.

[bipin444444]

Bitcoin started its new year by raising the price, and people's interest and the result is Google search for "bitcoin" has increased about half since December.

In bitcoin, Nigeria gains the most interest and standing on top. Nigeria has consistently topped the chart in the past 12 months.

These are some keywords searched most on Google.

Keywords.                                      Search no.

Bitcoin.                                                1.8M

Bitcoin today price.                               2.7M

Bitcoin price.                                        2.7M

Bitcoin price today.                               2.7M

Bitcoin news.                                       201000

Bitcoin price USD.                                90500 

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[Darker45]

And the search keywords suggest the typical impression of Bitcoin and the way it is being treated not just to most newcomers but also to many owners: a way to earn, a store of value, an investment, a speculative asset, and the like.

I am curious why there are no keywords such as Bitcoin and blockchain, or Bitcoin features, or perhaps Bitcoin basics, or Bitcoin design?

[DdmrDdmr]

<…>

You need to state the source for that information, in order to:

- Avoid being accused of plagiarism (were it to be the case).
- Allow for other to understand the exact origin of the data shown in the OP, and its context.
- Allow for others to dig further into the way the data was obtained, to asses it’s correctness (when applicable).

[Debonaire217]

We all know how a conjecture could be turned into a powerful stand or point when we incorporate numbers in it, in case of the OP, in order to make sure that we are executing our thoughts and ideas using statistics effectively, we should state whether the data we gathered are from our own, or else, credit someone who created it by simply sharing the list nearly the same idea like what ddmrddmr said.

Going back to the topic, we could visit this Link

This shows interest to the word 'bitcoin' set by category = worldwide, wherein, in June 23-29, 2019 is considered to have the highest searches

Sorted by Region, with the Top5:
1. Nigeria
2. South Africa
3. Austria
4. Switzerland
5. Ghana

Here are Some Related Topics (Top 5):
1. Brazilian real
2. Cash App - Topic
3. Mercado Bitcoin - Financial institution in São Paulo, Brazil
4. eToro - Financial services company
5. Mercado Bitcoin - Company

And Related Queries (Top 5):
1. bitcoin price x2 double your btc moon bitcoin live
2. bitcoin superstar
3. bitcoin doubler club
4. bitcoin era
5. bitcoin halving 2020


Perhaps, we could look at other trusted sites to compare information that they've collected, then infer meaning based from the statistics we gathered.

[Sanugarid]

Bitcoin started its new year by raising the price, and people's interest and the result is Google search for "bitcoin" has increased about half since December.

In bitcoin, Nigeria gains the most interest and standing on top. Nigeria has consistently topped the chart in the past 12 months.

These are some keywords searched most on Google.

Keywords.                                      Search no.

Bitcoin.                                                1.8M

Bitcoin today price.                               2.7M

Bitcoin price.                                        2.7M

Bitcoin price today.                               2.7M

Bitcoin news.                                       201000

Bitcoin price USD.                                90500 

This is a good sign for all of us, knowing the frequency of people searching stuffs about bitcoin means that they are gaining interest about investing on it. If this would continue, it might help us in making bitcoin's value go high once again, even higher than before. Bitcoin's value started great at the beginning of the year and let us hope it would continue on having good records so that we can all gain benefit from it. Let us stay tune too on the upcoming halving cause it is a great opportunity to increase our investment and make it more beneficial.

[DdmrDdmr]

<…>

That’s partly what I was on about before. See the image in Google Trends, and the list of top countries where a given term is sought, is always expressed in relative terms (*). Since we know the source of the chart provided by @Debonaire217 is Google Trends, we can at least go to the site, and find out what it tells us about their method to obtain their information. That way, when we Nigeria figuring as the top country where the term "Bitcoin" is sought, we can understand that data is relative, and not absolute.

(*) Relative terms here means that Nigeria, according to Google Trends, searches for the term "Bitcoin" in greater proportion to all Google search terms in Nigeria than any other country. This is therefore in relative terms (relative to the total number of searches in the region), but not in absolute terms, as those shown in the OP. That’s why I’m particularly interesting in understanding here where the absolute values in the OP came from.

For example, say that the term Bitcoin is sought in a given timeframe (made-up numbers):
1. Nigeria:          100.000 over 10.000.000 searches. -> Ratio 1,00%
2. South Africa   120.000 over 13.000.000 searches. -> Ratio 0,92%
3. Austria           250.000 over 28.000.000 searches. -> Ratio 0,89%
4. Switzerland      55.000 over 12.000.000 searches. -> Ratio 0,46%
5. Ghana             80.000 over 100.000.000 searches. -> Ratio 0,08%

So, in the above scenario, Nigeria would figure in Google Trends as the top country searching for the term "Bitcoin", despite it being the third in absolute value of the above list.

The charts work in a similar manner, where the peak search date ratio is taken as the 100 value, and all other data points in the chart are the result of relativizing the ratios to the peak ratio.

Edit: Comparing some of the terms in the OP, Google Trends only shows "Bitcoin" as significant:
https://trends.google.com/trends/explore?q=Bitcoin,%22Bitcoin%20price%20today%22,%22Bitcoin%20price%20USD%22,%22Bitcoin%20News%22

[dothebeats]

The interest of the people only arouses whenever a price appreciation is currently happening on bitcoin. Had it not been for the said increase in price, the search trends would be a lot different and may not even contain the word 'bitcoin' in it. Most people would likely search for other things they encounter on the daily.

Let's face it, people search for bitcoin just to feed their curiosity about it. More often than not, they'll just leave the topic hanging on the top of their heads until they completely forget about it.

[Mumbeeptind1963]

<…>

That’s partly what I was on about before. See the image in Google Trends, and the list of top countries where a given term is sought, is always expressed in relative terms (*). Since we know the source of the chart provided by @Debonaire217 is Google Trends, we can at least go to the site, and find out what it tells us about their method to obtain their information. That way, when we Nigeria figuring as the top country where the term "Bitcoin" is sought, we can understand that data is relative, and not absolute.

(*) Relative terms here means that Nigeria, according to Google Trends, searches for the term "Bitcoin" in greater proportion to all Google search terms in Nigeria than any other country. This is therefore in relative terms (relative to the total number of searches in the region), but not in absolute terms, as those shown in the OP. That’s why I’m particularly interesting in understanding here where the absolute values in the OP came from.

For example, say that the term Bitcoin is sought in a given timeframe (made-up numbers):
1. Nigeria:          100.000 over 10.000.000 searches. -> Ratio 1,00%
2. South Africa   120.000 over 13.000.000 searches. -> Ratio 0,92%
3. Austria           250.000 over 28.000.000 searches. -> Ratio 0,89%
4. Switzerland      55.000 over 12.000.000 searches. -> Ratio 0,46%
5. Ghana             80.000 over 100.000.000 searches. -> Ratio 0,08%

So, in the above scenario, Nigeria would figure in Google Trends as the top country searching for the term "Bitcoin", despite it being the third in absolute value of the above list.

The charts work in a similar manner, where the peak search date ratio is taken as the 100 value, and all other data points in the chart are the result of relativizing the ratios to the peak ratio.

Little by little each country many people become more interested in Bitcoin due to its unexpected rising value, that's why the result of demand of Bitcoin become much more increase. All of us have desire to have it so its not new if there's a lot search about bitcoin not only in one country but also around the world. We cant blame these people because even ourselves is curious about Bitcoin.

[White Christmas]

It is obvious to answer that question or statement and it is simply because of the massive impact of the bullish of the bitcoin that's why the number of person who are searching about bitcoin increase. In which it becomes one of the trend in google platform and also the number of the searching about bitcoin halving increase maybe this is because they noticed that the bullish of the bitcoin is due to the bitcoin halving that will happen on the month of may.

[Zicadis]

The price action of Bitcoin and most other cryptocurrencies has changed favorably in the last few months, as a result, people are hearing more about it as news outlets and local media discuss the growth.

I don't think that this is anything unique to Nigeria, you would probably find the exact same search trends in most other countries, particularly those where Bitcoin adoption is growing—such as in Africa and Asia.

Nigeria is definitely not driving this bullish movement in any shape and form, if that's what you're suggesting.

[Artemis3]

Little by little each country many people become more interested in Bitcoin due to its unexpected rising value, that's why the result of demand of Bitcoin become much more increase. All of us have desire to have it so its not new if there's a lot search about bitcoin not only in one country but also around the world. We cant blame these people because even ourselves is curious about Bitcoin.

Probably some mass media did an article or show in those countries, which prompted people to search about it

"Do you remember bitcoin? Its still worth 10k USD after all these years"...

They people finally realize they might have been lied by the nay-sayers, those that always disregard bitcoin. "What if i didn't listen to that idiot and bought some bitcoin when they were 500 USD...

Unfortunately, people should expect such spectacular price increases anymore. Sure its still better than fiat, but don't get disappointed because the same performance would mean going from 10k into 200k.

But who knows if people are dreaming of such, especially in impoverished countries like mine and Nigeria. By the time people learn the truth, it is too late for spectacular gains. This is the investor's dilemma, always the highest risk gives the highest profits, once its known to be safe, everybody joins and the profit lowers.

Once upon a time bitcoin was seen as risky as your average altcoin, those who trusted it back then, got the prize of a lifetime. The rest of us can only hope for the leftovers. Almost all of the altcoin believers are waiting for a "second chance" hoping their bet would reach similar results, unfortunately it isn't happening, because the market is already there. Yes you can still profit, but never to the same extent.

Its like the profit you could make when building the first "something" inaugurating a market, vs later joining an already existing market.

[Artemis3]

What is BTC: controlling hashrate in China, but America owns the Internet

That's irrelevant to Bitcoin. Bitcoin doesn't care who mines it or where, new blocks are bound to appear every 10 minutes, if global hashrate deviates too much, it will correct itself every 2016 blocks (so called diff adjust).

Bitcoin also doesn't care who owns what, as long as nodes communicate with each other, they can use internet, a so called "darknet" or a community mesh for all it cares.

Only 14% is left to mine, and this is rapidly slowing into a crawl. Mining is becoming irrelevant, it has already successfully served its purpose, and it will shrink too, eventually. Thanks to Bitcoin's clever code (the halvings) it doesn't occur abruptly, but smoothly. Its all going according to design.

[stompix]

So, in the above scenario, Nigeria would figure in Google Trends as the top country searching for the term "Bitcoin", despite it being the third in absolute value of the above list.

A perfect example for your personal text:

There are lies, damned lies and statistics.

Speaking of google data, it reminds me of this:
https://www.forbes.com/sites/billybambrough/2019/09/05/something-very-strange-is-going-on-with-bitcoin-and-btc-google-searches/#6cd73abd47ea
If there is something that once faked can lead to a monetary gain, people will do that.

Anyhow, just because people search for a term it doesn't mean they are also going to buy it and for sure it's no measure to the amount that can be invested by the ones doing the searches. 100 kids searching for "bitcoin doubler club" can mean only one thing, 100 kids will lose their money.

[alevlaslo]

1) any invention is evil, appear a recalculation of the complexity of reality and a need for this invention appear
2) anarchy and decentralization are also evil, people will kill each other without control

[bithisach]

Bitcoin started its new year by raising the price, and people's interest and the result is Google search for "bitcoin" has increased about half since December.

In bitcoin, Nigeria gains the most interest and standing on top. Nigeria has consistently topped the chart in the past 12 months.

These are some keywords searched most on Google.

Keywords.                                      Search no.

Bitcoin.                                                1.8M

Bitcoin today price.                               2.7M

Bitcoin price.                                        2.7M

Bitcoin price today.                               2.7M

Bitcoin news.                                       201000

Bitcoin price USD.                                90500 

I'm surprised "Bitcoin price USD" is higher than "bitcoin usd" or "usd bitcoin", that's what I search for when I don't have my price monitor open. But that's probably just me I think

[Saint-loup]

I'm surprised "Bitcoin price USD" is higher than "bitcoin usd" or "usd bitcoin", that's what I search for when I don't have my price monitor open. But that's probably just me I think

Where did you see that? And why think it's important? I don't understand what you mean. The bad news here is people are mostly looking for the price of Bitcoin on Google and not for what it is. It means people who are interested in Bitcoin as for now already possess Bitcoins, and the amount of newcomers is low. We don't seem to be in a massive adoption period.

[MI6]

Well, although mostly searched keywords is about price, like i usually only type "bitcoin to usd" to check bitcoin price, at least people still do it. Maybe for new people they search about bitcoin price to see right time to make investment. But who knows? maybe just hope new people will come again and make a lot of demands and bitcoin price can be pumped again like in past.

[passwordnow]

It's widely known that when bitcoin surges, these keywords about bitcoin are also surging as well from those people that are monitoring the price but didn't bought. While many of us doesn't have to go on google and search with the use of those keywords because we know what are the websites that's following the track of bitcoin's price. Is this stat only coming from Nigeria or all over the world? @artemis3 well, it's true that might some articles made for hyping bitcoin was read by these folks.

[isaac_clarke22]

Dunno if mine counts a lot but speaking about my habits in searching btc price equivalent to USD price were quite often, so I don't know if people have the same habits as mine. This seems like one of those mindset or habit that indicates that people are hyped about this price surge lately. That 10k price mark would lead to plenty of expectation to a lot of people, and I would be expecting a lot if I am a newbie in investing in Bitcoin . 
@OP, you should try to put your source in that stats. I would also suggest to give the statistics globally. We can see the countries are really hyped in a possible upcoming bull run.

[Reatim]

but why people need to search for Bitcoin price over Google when they can directly check via exchange?does the Google answer is more accurate than just opening each sites available?like Coinmarketcapitalization that most of us uses as reference ?and also why OP did not put Links about where is the basis of his statistics.

I'm surprised "Bitcoin price USD" is higher than "bitcoin usd" or "usd bitcoin", that's what I search for when I don't have my price monitor open. But that's probably just me I think

Where did you see that? And why think it's important? I don't understand what you mean. The bad news here is people are mostly looking for the price of Bitcoin on Google and not for what it is. It means people who are interested in Bitcoin as for now already possess Bitcoins, and the amount of newcomers is low. We don't seem to be in a massive adoption period.

lol he thinks that the indicated numbers in OP is the prices of Bitcoin ,not the numbers of Searches made by people asking for price .maybe he did not totally read the OP so he has something to ask.