The Bitcoin hype is over

[Nagle]

Google Trends for "Bitcoin" searches.

The first peak in 2011 is when Bitcoin got initial attention.
The second peak in mid-2013 is the China bubble.
The third and biggest peak in 2014 is the Mt. Gox collapse.

The first two were when the two big Bitcoin runups happened.  The Mt. Gox collapse, no so much.

Post Mt. Gox, the hype level has been modest, and the price has been flat or declining.

[1714553673]

1714553673

[Biitcoin]

So what are you saying , Bitcoin is dead ?

[marvinrouge]

Oh no ! We only have 100% more searches compared to last year

[franky1]

i havnt even looked at the exchange value of bitcoin as measured by crappy exchanges. and yet i already can see the OP is simply
1. he is a scared sheeple that doesnt know true value
2. trying to scare sheeple for the intent of him buying cheaper coins..

either way, a pointless thread

[Daniel91]

Google Trends for "Bitcoin" searches.

The first peak in 2011 is when Bitcoin got initial attention.
The second peak in mid-2013 is the China bubble.
The third and biggest peak in 2014 is the Mt. Gox collapse.

The first two were when the two big Bitcoin runups happened.  The Mt. Gox collapse, no so much.

Post Mt. Gox, the hype level has been modest, and the price has been flat or declining.

Interesting info but based on this statistics only, without additional research and analyzes, we can't predict what will happen with Bitcoin in the future.
I think that main point here is if ''big'' merchants'' will accept Bitcoin as additional way of payment, or not.
If they accept Bitcoin, we will become mainstream and things will change for the better

[thomastaylor]

I started with bitcoins early this year when the price was still high and I've read a lot about bitcoins and altcoins on telegraph and other websites.
Most of the authors think Bitcoin is using the same old technology and therefore it has no chance to compete because of the lack of further improvements.

What's your opinion about it? Will a newer coin take bitcoins place in a couple of years?

[Sutters Mill]

The Bitcoin hype is over.....for now..... until more hype.... then bitcoin dies down again.... then to the moon..... the failing..............

[1Referee]

What's your opinion about it? Will a newer coin take bitcoins place in a couple of years?

Might happen, might not happen.

Everything related to technology gets replaced after some time. Will the same happen with Bitcoin? I don't know.

The beauty of Bitcoin is that it is open-source, it can evolve into something that will change the world , so we might see Bitcoin stay for ever

[knight22]

The hype is over until..... the next hype 

[BitcoinExchangeIndia.com]

Google Trends for "Bitcoin" searches.

The first peak in 2011 is when Bitcoin got initial attention.
The second peak in mid-2013 is the China bubble.
The third and biggest peak in 2014 is the Mt. Gox collapse.

The first two were when the two big Bitcoin runups happened.  The Mt. Gox collapse, no so much.

Post Mt. Gox, the hype level has been modest, and the price has been flat or declining.

Once again, u reminded me of the following pic...

[mymenace]

looks like any other chart

take a look at the chart it goes up then down like most other stock and each bottom is bigger than the last time

nothing to see here move along

Google Trends for "Bitcoin" searches.

The first peak in 2011 is when Bitcoin got initial attention.
The second peak in mid-2013 is the China bubble.
The third and biggest peak in 2014 is the Mt. Gox collapse.

The first two were when the two big Bitcoin runups happened.  The Mt. Gox collapse, no so much.

Post Mt. Gox, the hype level has been modest, and the price has been flat or declining.

[bitcasino]

Bitcoin buy is not over!

[pedrog]

No worries, keep cal and wait for the next hype.

[GenTarkin]

seriously OP... gtfo!

[BayAreaCoins]

If the OP honestly believes this I really hope he has BTC futures shorted!

You can short with 20x leverage. 

Gl

[Monica80]

I strongly believe Btc still in its infancy.

Until the end of 2012, bitcoin was in garage mode... a startup with big whales paying attention. 2013 through 2014 a huge pump and dump. Young investors making tons of money with bigger returns than your typical stockmarket. Plus, a none regulated one.

What we see is a long term of consolidation. At 4.8 Billion dll market capitalization, you think people are just going to drop it and forget about it?

More and more stores welcoming and accepting btc.

So yeah, give me all your coins. I'll buy them from you cheap.

[cuddaloreappu]

op check carefully again..the third one is not MT.gox collapse but the November price bubble..

the price and search volume is in correlation...

SO as price increases search volume also will increase

[Light]

1. he is a scared sheeple that doesnt know true value

To be fair though, knowing the intrinsic value of any item is nigh on impossible to actually work out (if it was everyone would just buy under the intrinsic and wait for the appropriate correction to occur - thereby making a profit) and for something that is unique (with a highly unpredictable future regarding both consumers and business users) such as Bitcoin making an actual valuation on its worth is naturally even harder. The reality is that a majority of people have no clue about a valuation - it's all purely speculation.

[Monica80]

1. he is a scared sheeple that doesnt know true value

To be fair though, knowing the intrinsic value of any item is nigh on impossible to actually work out (if it was everyone would just buy under the intrinsic and wait for the appropriate correction to occur - thereby making a profit) and for something that is unique (with a highly unpredictable future regarding both consumers and business users) such as Bitcoin making an actual valuation on its worth is naturally even harder. The reality is that a majority of people have no clue about a valuation - it's all purely speculation.

Just like gold.

Step one: Find the next gold, in this case Bitcoin, Check.
Step two: Create a purpose for it, a demand... Half check
Step three: Make it scarce and difficult to obtain... hmmm 1/3 check?

[karlb187]

It's never over...