Interest in Bitcoin is relatively low compared to 2017 Google says

[Josefjix]

While #BTC is making new all-time highs, interest in #Bitcoin is still relatively low compared to 2017 according to Google.

Source: https://www.facebook.com/469201610080869/posts/1339811086353246/
I'm my opinion I think a lot of people are aware of bitcoin already compare to 2017 when people Google check things to know about it, now it is mostly available and easier to get than when it was just been broadcasted across different social media platforms and people would Google to satisfy their curiosity.

[DdmrDdmr]

I’ve been looking at Google Trends to see how it is reflecting the ATH, and it’s pretty unnerved by it so far. We have to bear in mind that the data displayed on the extreme right is grouped by complete weeks, so this current week’s datapoint (13-19 December 2020) is therefore incomplete.

The image from Google Trends in the OP (derived from the facebook post) is 2017 onwards. If we trail to the last datapoint on the chart (below), it does state that data is incomplete, and that is precisely the important datapoint to measure. It therefore requires until the 19th to be properly constituted in value. Regardless, it does point to being low in comparison to prior ATH, possibly due to the backbone being heavier from institutions than individuals insofar.
 
01/01/2017 onwards: https://trends.google.es/trends/explore?date=2017-01-01%202020-12-17&q=bitcoin,btc

The 7 day window does reflect a significant surge yesterday, relative to the week’s searches (4 fold increase):
https://trends.google.es/trends/explore?date=now%207-d&q=bitcoin,btc

The 30 day view lacks the data from the 15th onwards (so no use yet):
30 day: https://trends.google.es/trends/explore?date=today%201-m&q=bitcoin,btc

I’d wait until the 19th to see the datapoints properly reflecting the whole week. I figure it will reflect the increase in windows such as the 30 day and 1 year, but still small compared to 2017.

[hd49728]

People used the Google trend results to support the theory that the 2020 bull market is different than the 2017 bull market. In 2017, retailers bought up the price but in 2020 the institutional investments are game changers.

If retailers can contribute same things as in 2017, bitcoin will rock more. The new record will help bitcoin appears everywhere and retailers will join the party. I am feeling bad for them but most of retailers join in late of the party and they are lack of good decisions to exit the market. They contribute to bitcoin rise but they stuck when the game is over.

[btc78]

While #BTC is making new all-time highs, interest in #Bitcoin is still relatively low compared to 2017 according to Google.

Source: https://www.facebook.com/469201610080869/posts/1339811086353246/
I'm my opinion I think a lot of people are aware of bitcoin already compare to 2017 when people Google check things to know about it, now it is mostly available and easier to get than when it was just been broadcasted across different social media platforms and people would Google to satisfy their curiosity.

I don't know what graphs this comes from and how credible a facebook  Post to be precise giving this trend.

Because just couple of Months ago there are statistics given here that the search for Bitcoin and cryptocurrencies grows High as the trend can ever had.

So where are these coming from? and besides there is no need for trending google search because majority of People who are in this market has their own wallets and exchanges that holds their funds so searching googleis not necessary to do.

People who already inside the market does not need searching so the google engine is not affected on those movement.

[Josefjix]

While #BTC is making new all-time highs, interest in #Bitcoin is still relatively low compared to 2017 according to Google.

Source: https://www.facebook.com/469201610080869/posts/1339811086353246/
I'm my opinion I think a lot of people are aware of bitcoin already compare to 2017 when people Google check things to know about it, now it is mostly available and easier to get than when it was just been broadcasted across different social media platforms and people would Google to satisfy their curiosity.

I don't know what graphs this comes from and how credible a facebook  Post to be precise giving this trend.

Because just couple of Months ago there are statistics given here that the search for Bitcoin and cryptocurrencies grows High as the trend can ever had.

So where are these coming from? and besides there is no need for trending google search because majority of People who are in this market has their own wallets and exchanges that holds their funds so searching googleis not necessary to do.

People who already inside the market does not need searching so the google engine is not affected on those movement.

Where the chart is coming from is already quoted expect you just replied to the post without reading what the whole topic is insinuating on, that been said Binance conducted a research on what and how bitcoin is been searched on Google and this graph was presented to them.

[hd49728]

I don't know what graphs this comes from and how credible a facebook  Post to be precise giving this trend.

Bitcoin chart is from coinmarketcap. Google trend chart is from Google Trend search (DdmrDdmr left a few links)

Because just couple of Months ago there are statistics given here that the search for Bitcoin and cryptocurrencies grows High as the trend can ever had.

Search on bitcoin is growing latest months but it is different than in 2017. They call it as a retailer searches. Search to discover about bitcoin and invest money into bitcoin are different. You don't have the chart for new investors in bitcoin or investor growth chart but Google gives you Bitcoin search growth chart.

[kryptqnick]

2017 was a regular year with the brightest event being Bitcoin reaching the ATH and climbing from $1k to $20k within a single year. 2020 was a year full of stuff which did not happen over the last few decades, so Bitcoin was kind of on the outskirts of public attention. Plus Bitcoin already was worth $20k three years ago, so it was somewhat expected it would reach this number again. Moreover, this year's low was $5.5k, so while the price went up immensely, it's a much smaller change than in 2017. I'm not surprised people don't care as much this year, and it might actually be a good thing. Because the first time the price clearly got overhyped by newbies, but maybe this time it's different if Bitcoin is not so widely discussed right now.

[Darker45]

It's a little surprising because a rally as huge and quick as this must have somehow roused up a lot of curious minds. But perhaps it has something to do with Bitcoin being a lot more known now compared to 3 years ago. People must have already grown familiar with Bitcoin over the years.

And it seems the rally that is still happening up to this point is more supported by institutional rather than retail funds. News of a number of large companies acquiring Bitcoin worth hundreds of millions are spreading lately. That must have been the primary reason why Bitcoin is easily adding up a couple of thousand of USD in its price in just a matter of hours.

[shoreno]

google says it because less people are searching for btc because people are already aware what btc is . the headline is just missleading .

not true that people are not or less interested now to btc but infact their interest shoots up more after seeing that btc is now on its new all time high over 20k usd . people involvement in btc in 2017 is big because 2017 is the first year where btc and altcoins experience a massive bull run and after that there are no more altcoin bull run that follows only btc .

[nicecrypto]

It is quite simple to be honest, to me the interest in btc in 2020 is low because of past experience, 'once bitten, twice shy' nobody wants to be cut with 2017 scenario again, people are probably scared of jumping in considering what happen, everyone is probably waiting by the sideline expecting to see that sharp dip  

[bekti3]

I think this graph feels inaccurate, based on current trends, bitcoin is becoming increasingly popular and has been widely adopted. If the chart marks a decline compared to 2017, then who is adopting bitcoin today? isn't that absurd. Moreover, the graphics provided are obtained from Facebook. this is very wrong and completely irrelevant. needs to be questioned and identified. is it wrong between the left and the right?

[BrewMaster]

google trends have never represented "interest in bitcoin" for it to be either lower or higher just because that trend shows any specific trend. it just shows how many people are googling a certain term.

besides, you are basically comparing the current trend with the peak of 2017 trend which makes no sense. instead today's trend must be compared with the same trend in 2016 to make sense. you have to always compare equal situations not any random time.

[CODE200]

Charts won't always be a reliable source of information. There are things which are not covered depending on the aim of the statistics. If it is Google, number of searches won't really cover the true-rate of interest in this industry. Some keywords will yield an individual to Bitcoin without typing the exact term so I guess that would be a conflict. If we will depend on what we are seeing, we could already conclude that the interest this year is bigger as evident to companies and networks which are now accepting or adopting this technology. Ofcourse doing so has a reason behind, which is more likely related to sudden develop of interest. More people are now aware of this technology and the proof to this claim is the regulation which is now starting through the use of third party networks. So I guess this industry is now doing better than before.

[hatshepsut93]

This just reinforces the idea that institutional investors are behind this rally, if anyone doubts that. I'd actually be worried when there will be a new google trends ATH, that could mean that the crash is coming - institutional investors would be glad to dump their coins to retail investors to secure their profits (companies like Microstrategy have already made more than 100% profit on their positions), and then these investors will buy the dip and hodl again.

[posi]

It too early to finalize people interest in Bitcoin market this year since the year is not over, the market just reach a new ATH price but if it come to pass that the interest is still the same it probably because of the Covid 19 issue which affected alot of people financially or the lesson some investors learn from the previous ATH since invest at peak price is not a good impression.
Nevertheless, the Bitcoin achievement this year is enough to judge that this year market is profitable than 2017 market.

[pixie85]

The simplest explanation is that in 2017 the market was full of fresh speculators. People were putting in their savings to make some money on the bull market.

Now there's less new people so less people are looking it up in google but people who are coming in are quality investors. Companies, stock market traders, brokers and such.

You don't need a lot of google searches to have a bull market

[RapTarX]

I don't think the interest is low because people already knows about it; the reason behind the low intesrest is still newbies to come and join the market. It's still the institutional investment I think and yet to create the main FOMO, the pump doesn't look like kind of FOMO yet. The search interest will only be high when the ultimate FOMO will be created and everyone without any knowledge will jump into the market.

[shield132]

Well, 2017 year was a whole different experience not only fot crypto enthusiasts but for our society in overall. 2017 year was so full of passion, excitement, captivation... It's like when we say that nothing can match the first feeling of euphoria. Well, this year there was a lot of hype around bitcoin and it was the major source of information for a lot of media and in 2020 we have whole different experience. Right now, Pfizer catches their and people's attention and in overall covid is over everything, it's pretty normal if bitcoin isn't as trendy as it was back in 2017.

[Josefjix]

I think that people are more aware of bitcoin now so they don't have to search so much to find out.

Same way I thought when I first came across the post, it is actually not employing new investors like the 2017 bull run. It is more of old traders and old investors keeping up with the speed at which the uptrend price is going.