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Author Topic: Where Bitcoin has been googled the most?  (Read 544 times)
pooya87
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May 01, 2022, 06:23:13 AM
Last edit: May 01, 2022, 06:34:31 AM by pooya87
 #41

Google trends has never been an indicator of anything and almost all the conclusions made based on it have been wrong. For example take the search term "bitcoin", you are are only considering it in English not in other languages but make your conclusion globally; whereas people in different languages would be mostly searching it in their own language. For example the following shows how people would search about bitcoin in Farsi:
https://trends.google.com/trends/explore?date=now%207-d&q=%D8%A8%DB%8C%D8%AA%20%DA%A9%D9%88%DB%8C%D9%86
Or in China the words seem to be "比特币".

Unfortunately Google doesn't give you number of searches but only a percentage wise comparison so you can't even compare the different terms with each other.

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May 01, 2022, 09:54:25 AM
 #42

El Salvador deserves to be on top because it is a country that legalizes bitcoin and its people should know and learn about bitcoin as a whole because bitcoin has become a means of payment there they should know and google is the best for further discovery.
Is El Salvador up to 7 million people?

US is over 300 million
Nigerian is over 200 million

Bitcoin adoption in both countries is much.

Do people think countries like that will have lower numbers of people searching for bitcoin on google? I doubt that. Just thought about this now, I think it would be good for us to know the methodology used by google, I do not think it is accurate.

Unfortunately Google doesn't give you number of searches but only a percentage wise comparison so you can't even compare the different terms with each other.
If the search result is moyt in number of people, that is not accurate if only percentage is used. The number of people and the percentage can show if only the number of people that serached are used or if compared to the population of the countries.

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May 01, 2022, 12:22:21 PM
 #43

With this search engine we can't come to the conclusion about any form of trend change in specific region. It is just the indication that global population is looking for bitcoin and associated form of investment. We can't consider this for any of the market changes, because people try to find what is bitcoin through their own language. So, there'll be variation in the result. To my understanding countries holding the most number of users will be having the highest count. It is quite surprised there is only one Asian country among the list.

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May 01, 2022, 03:23:09 PM
 #44

What is another interesting with this list is that United States of America does not figure in the top 10...though it does not mean that USA is that very important in the whole cryptocurrency market. among the top 10, it is Nigeria that can be a little bit more surprising all because we know that the government in there is not that so friendly with cryptocurrency and they barred the involvement of the banking industry with it so it is hard for people to buy and convert crypto with the fiat money...but they can instead do P2P which is actually burgeoning in that country.
Honestly, I am not shocked that USA is not in the list. Main reason for that is the fact that USA is vast and if it was one of the most googled things ever then we would have bitcoin a lot higher. This also proves that there is a huge gap in the system that we could still fill. Imagine USA and UK being in this list, that would mean that 2 of the richest nations of the world getting heavily into crypto.

Today, we have them out of this list and still have coinbase and kraken like places that make so much money, tomorrow when it's on this list, or we have majority of those nations involved? We are going to have trillions for sure and that will help us all, even if we do not live there.

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May 01, 2022, 07:21:49 PM
Merited by pooya87 (2)
 #45

So despite the fact that Bitcoin was banned in Nigeria, we still came second on the top search list about Bitcoin on Google?. Thats actually cool, I'm proud of my guys because they never take last in tech-related things.

I could see two sets of people arguing about bitcoin here, some saying Bitcoin is banned in Nigeria, while others saying it's wasn't banned in Nigeria, but it was the central bank who restricted banks from crypto-related activities, because as for me, I see no difference about that, because as long as I know, restricting is the same thing as banning.

Because I can proudly say no Nigerian can stand on the street of Nigeria to say he or she is a crypto trader and won't be harassed by members of the Special Antirobbery Squad agency "SARS". Because I know the country I'm living in, because once people see a young guy looking nice, dressing well, and driving a clean good car, the whole community tags him as a yahoo boy, which is very bad. So you see young crypto traders hiding their identity just in other not to be called bad names.

So I will like to ask this question to those who say Bitcoin is not banned in Nigeria
1. Why is there no shop on the street of Nigeria where you could buy bitcoin?

2. Why did the only 2 Bitcoin ATMs in Nigeria located in Lagos stop operation the moment CBN announced the ban?

Drop your answer...


As long as I know, Bitcoin is banned in Nigeria.


 
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May 02, 2022, 09:47:24 AM
 #46

It is good for crypto world. These all countries are surrounding the world. I am happy because singapore is one the list. So, whole world are getting involve and spread the crypto-currencies world. It is digital currency so it will reach in the bottom as soon as possible. 

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May 02, 2022, 01:17:37 PM
 #47

I would say the report is not exact because there are many other people who will use a VPN and change their location by using it so we cannot make sure where they are from, and many bitcoiners will do it because they do care about the privacy, for example, so how can we make sure about the location and nationality of the people who use services such as VPN? however, since there are many investors and bitcoiners in India I saw expecting to see this country at least among the top 10 countries. but still seeing El Salvador on the top of the list is not surprising for me at all.

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May 03, 2022, 08:21:03 AM
 #48

Drop your answer...
As long as I know, Bitcoin is banned in Nigeria.
We are always skeptical about bitcoin bans because we don't trust the media that reports them. They have lied so much that it's like the boy who cried wolf. For example most of the bans they've reported has been a very common thing where government prohibits "banks" from investing in bitcoin not regular people. Or another common case was banning ICOs but the media reported that as banning bitcoin.

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May 03, 2022, 09:29:29 AM
 #49

Thats fair result considering El Salvador is like legal adopter of the bitcoin, people might be searching multiple times a day regarding bitcoin, local stores accepting it, best way to spend it in the El Salvador. From around the globe people might be searching about bitcoin and its use case with the El Salvador. I am also not surprised with Nigeria being on top of list since they also had mega changes in association with the acceptance of bitcoin. With the time Nigeria's had to look after escape routes considering Nigerian currency was inflating out of hands! I am surprised in down way that USA  as whole and Canada are not that strong countries in terms of bitcoin searches. How is it even possible?
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May 03, 2022, 10:52:13 AM
 #50


this comes for 7 days of searching ?

Why not try the One Whole Month and share it to us, because 1 week might be a coincidence and not really a statistics .

But even though ?I respect the result because EL Salvador is the very first country that totally adopt and use Bitcoin as legal tender so no wonder why they are on top .

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May 03, 2022, 12:15:39 PM
 #51


We are always skeptical about bitcoin bans because we don't trust the media that reports them. They have lied so much that it's like the boy who cried wolf. For example most of the bans they've reported has been a very common thing where government prohibits "banks" from investing in bitcoin not regular people. Or another common case was banning ICOs but the media reported that as banning bitcoin.

So actually now, who is to be blamed, the government or the media, because as for me I blame both parties because there is supposed to be a system which checkmates and regulates what the media airs to the public because the media are the mouthpiece of the government, they are the people through which the government passes information to the common man on the street.
So if the media has passed a wrong information to the public, what did the Nigerian government do??? They did absolutely nothing, thats why they are also to be blame.

Because imagine if the government had grant access to banks for crypto trading and buying and selling, it would have actually reduced the rate of poverty and unemployment in this country, because imagine if Emeka or Obinna or John could be making the least #5000 to #10,000 daily from crypto arbitrage, do you think such person will still involve himself in crime or either wait for government to provide job,???
I guess the answer is NO.


 
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May 03, 2022, 02:03:46 PM
 #52

Not surprised about it with El Salvador.

It's their legal tender and despite that legality, a lot of their people still not aware of it and against to it. And that's why they have to do their own researches to understand it.

Well, that's a progress then if the citizens from there are doing their initiative of making their "DYOR".
A country having high number of Bitcoin google search does not mean that they have higher number of Bitcoin holders or community ok that country. Having a huge number of Bitcoin search can be as a result of high curiosity to know what Bitcoin is all about by the citizens of that particular region. Bitcoin is spreading and more people are getting to know about it every single day.

Most advance country already know about Bitcoin and the uses that is why they have lesser numbers compared to most developing countries that has huge Bitcoin google search due to people getting to know about it.

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May 03, 2022, 04:23:25 PM
 #53

Google trends has never been an indicator of anything and almost all the conclusions made based on it have been wrong. For example take the search term "bitcoin", you are are only considering it in English not in other languages but make your conclusion globally; whereas people in different languages would be mostly searching it in their own language. For example the following shows how people would search about bitcoin in Farsi:
https://trends.google.com/trends/explore?date=now%207-d&q=%D8%A8%DB%8C%D8%AA%20%DA%A9%D9%88%DB%8C%D9%86
Or in China the words seem to be "比特币".

Unfortunately Google doesn't give you number of searches but only a percentage wise comparison so you can't even compare the different terms with each other.
This is so much an argument that I never did expect and you've got a point made for sure as there could be some bias to the way in which this data is been collated and sumed up to give an overview of the whole.

Although, its hard to agree with the above argument conclusively as, we've got translators in recent times and even more commonly. Google too has a translating tool and possibly could step in for cases of language bias in course of accumulation and give a perspective that isn't the norm for many parts of the world.

Could this be true as, its just an idea in my head at the moment!
Given the fact as to the origin of the study and from the many that speaks or uses English, even application wise, we can't completely rule out the study, can we!
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May 03, 2022, 05:05:16 PM
 #54


Is El Salvador up to 7 million people?

US is over 300 million
Nigerian is over 200 million

Bitcoin adoption in both countries is much.

Do people think countries like that will have lower numbers of people searching for bitcoin on google? I doubt that. Just thought about this now, I think it would be good for us to know the methodology used by google, I do not think it is accurate.
Here is a quote from Google trends that explains how they calculate the value:
Quote
Note: A higher value means a higher proportion of all queries, not a higher absolute query count. So a tiny country where 80% of the queries are for "bananas" will get twice the score of a giant country where only 40% of the queries are for "bananas".

I can't swear since I am not competent in SEO but as I know we can determine the search volume of each keyword in each country via Google Keyword Planner and websites similar to Ahrefs & Semrush. But in order to determine the most possible accurate statistics, we need to take into account the official and widely spoken non-national languages of our targeted countries.

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May 03, 2022, 07:29:54 PM
 #55

It's ironic that the No. 1 nation on the list accepted Bitcoin as a legal tender, while in the second Bitcoin is not accepted by the government and actually is banned in bank transactions. This goes to show that the while government acceptance helps to make citizens more receptive of Bitcoin, the citizens can choose to adopt it regardless.

I do not know much about the other countries on the list, I have read that Switzerland is friendly to Bitcoin. And in Canada, there was an incident recently where the gov't was freezing accounts, could that play a part in the search boasts?
This is why I have always thought that while reaching legal tender status is without a doubt good, bitcoin was designed to operate regardless of the opinion the governments of the world may have about it.

And if the economic situation becomes even worse then I would not be surprised to see many countries banning bitcoin, however if bitcoin at that point in time is a more reliable currency than the fiat options available to them then people will use it regardless of the legality of bitcoin at that point and the consequences they may suffer, so when we see it from that perspective it is not that rare to see Nigeria as the second place on the list.
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May 03, 2022, 07:40:37 PM
 #56

Since Nigeria is the developing country,they will look the new technology for the earning.It’s good to hear,Nigerian are very eager to the technology.I had seen the Nigerian was the second nation who had googled the bitcoin,it was very interesting one.The government of the El Salvador should move the bitcoin as the soft corn in their economy.This forcing to people will not works anymore.
Nigeria is country that is very curious about any thing that will make life simple and comfortable, they like been first for everything concerning them, i think was a list over one year now or two years that stated that Nigerian is the most African country that uses bitcoin for transaction purposes or transaction related, the only thing is that bitcoin is receiving attack from government to any country is well known or a country that wants to adopt it values


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May 03, 2022, 08:29:05 PM
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I am assuming this is the most google searched per person ratio..as there is no way that all of these places have searched for bitcoin more so than the United States has.. Of course the United States has a ton more people and it would be much easier for the United States as a whole to out search most if not all of these places.  I wish this was a bit more clear as to how these numbers came about. Still very interesting stuff!

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May 04, 2022, 06:40:06 AM
 #58

Seems legit. El salvador is in the top list because this country have fully adopted bitcoin and many people on that country still have no idea about bitcoin so they search it on google but there might be some that already some knowledge on bitcoin yet still want to learn more for them to improve it. Second on the list is the country of Nigeria. It's a developing country and bitcoin can be a good source of income to them, that is why many people are now searching the term on google only to learn and to get started as soon as possible.

The rest of the countries in the list are I can say well developed already but I am surprised that most of their people still don't have an idea on how btc works. It could mean that they are already contented on what fiat has to offer or they have a less trust, and interest in bitcoin before.
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May 04, 2022, 08:41:55 AM
 #59

This is a sign that it is time to move on and start using cryptocurrencies, for example in the USA, where bitcoin is legal, people are not searching about this topic as much as other countries that are not so friendly with cryptocurrencies and also have some restrictions.
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May 04, 2022, 09:01:57 AM
 #60

I am assuming this is the most google searched per person ratio..as there is no way that all of these places have searched for bitcoin more so than the United States has.. Of course the United States has a ton more people and it would be much easier for the United States as a whole to out search most if not all of these places.  I wish this was a bit more clear as to how these numbers came about. Still very interesting stuff!
You are right, these numbers are not absolute number of searches but rather relative to all other searches in each country. here is the official explanation from Google trends. In the link below you can also see the explanation how values or scaled.

A higher value means a higher proportion of all queries, not a higher absolute query count. So a tiny country where 80% of the queries are for "bananas" will get twice the score of a giant country where only 40% of the queries are for "bananas".



This is a sign that it is time to move on and start using cryptocurrencies, for example in the USA, where bitcoin is legal, people are not searching about this topic as much as other countries that are not so friendly with cryptocurrencies and also have some restrictions.
United States are lower on the list due other reasons, you might wanna check what i answered to ChiBitCTy.


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