Interest in Bitcoin is declining

[DeadCoin]

Popularity of Bitcointalk.org went down significantly since summer:
http://www.alexa.com/siteinfo/bitcointalk.org


Bitcoin on Google trends over the last 12 months:
http://www.google.com/trends/explore#q=bitcoin&date=today%2012-m&cmpt=date

Bitcoin compared to some other terms:
http://www.google.com/trends/explore#q=%2Fm%2F05p0rrx%2C%20dollar%2C%20cash%2C%20paypal&cmpt=q

Also, positive correlation with price is obvious, which implies people are not truly interested in cheap coins and technology, but only care about rising price.

[K128kevin2]

I would argue that it's not the case that people losing interest is causing the price to lower, but rather that people are losing interest BECAUSE the price is lowering (and lowering slowly).

[azguard]

Hard to say this forum is not visited much.
My humble opinion is that there is large amount of new user on this forum (considering that there were lots of low rank members sig camp).

If you take that in all this you have more users on forum.

Bitcoin as term for search as money or something else is still on slow run up, cuz more people are sharing some infos about it and more people are asking what is it and it can be used.

[Raystonn]

Interest in Bitcoin declined from April to August 2013 as well: http://www.google.com/trends/explore#q=bitcoin&date=4%2F2013%205m&cmpt=date
If you interpret that as a dead coin, then you are dead wrong.

[Omikifuse]

Less people are introduced to Bitcoin, but you can't say interest in bitcoin is declining.

The difference in numbers is mostly people that hear about BTC somewhere, do a quick research, find Bitcointalk then leave the Bitcoin world.

[fonsie]

Nobody Googles Bitcoin, everybody Bings Bitcoin.
So Google stats are worthless.
At the moment I'm seeing a rising interest in warm clothes, so obviously the summer is dead and will not return.
The fact that popularity of bitcointalk.org went down, is because it's filled with stupid trolls like the OP.

[FUR11]

Google trends tend to lag quite a bit. Well, of course the interest in Bitcoin was biggest over the last bubble(s), that's how Bitcoin bubbles work. I guess a lot of the more 'casual' traffic also happens at Reddit these days. http://www.reddit.com/r/Bitcoin/ tends to be a bit more 'filtered' that bitcointalk. Even if the number of fanatics is still quite big there, the actual nutjobs don't seem to get that much attention.

[yayayo]

I would argue that it's not the case that people losing interest is causing the price to lower, but rather that people are losing interest BECAUSE the price is lowering (and lowering slowly).

That seems reasonable from a psychological viewpoint. Declining prices => depressive state of mind => disengagement.

However one can not prove it based on the available data.

ya.ya.yo!

[cbeast]

Price has held above the previous April 2013 ATH of 266 for over a year now.

[DieJohnny]

Charts are holding steady, of course there is a spike when Bitcoin hits 1200$

[wobber]

Price has held above the previous April 2013 ATH of 266 for over a year now.

yes, 100 usd above. And 800 usd below the last ATH.

[1Referee]

Months ago Bitcoin was quite regularly on the news, etc, which might have triggered a populairty peak.

What also is important to know is that there were a lot gamblers buying Bitcoin at high levels hoping it will rise even more without even knowing what Bitcoin is.

These people got burned and sold with a significant loss, and they probably never bothered to check back what's going on currently.

[cbeast]

Price has held above the previous April 2013 ATH of 266 for over a year now.

yes, 100 usd above. And 800 usd below the last ATH.

And still temporarily below 10k.

[fewcoins]

Months ago Bitcoin was quite regularly on the news, etc, which might have triggered a populairty peak.

What also is important to know is that there were a lot gamblers buying Bitcoin at high levels hoping it will rise even more without even knowing what Bitcoin is.

These people got burned and sold with a significant loss, and they probably never bothered to check back what's going on currently.

Correct, and people will keep getting burned and keep leaving bitcoin... one day at a time!

[FUR11]

Months ago Bitcoin was quite regularly on the news, etc, which might have triggered a populairty peak.

What also is important to know is that there were a lot gamblers buying Bitcoin at high levels hoping it will rise even more without even knowing what Bitcoin is.

These people got burned and sold with a significant loss, and they probably never bothered to check back what's going on currently.

Correct, and people will keep getting burned and keep leaving bitcoin... one day at a time!

Those people are still in the boat. They won't want to miss another chance. They will enter at least at the previous ATH and maybe are smart enough to get out at the next peak of the upcoming bubble. Also this happened times and times before, and there are enough people who are very confident, who are not going to leave the boat - even if times are dire now.

[fonsie]

Months ago Bitcoin was quite regularly on the news, etc, which might have triggered a populairty peak.

What also is important to know is that there were a lot gamblers buying Bitcoin at high levels hoping it will rise even more without even knowing what Bitcoin is.

These people got burned and sold with a significant loss, and they probably never bothered to check back what's going on currently.

Correct, and people will keep getting burned and keep leaving bitcoin... one day at a time!

Those people can create an account called "lessercoins" and start trolling...

[RodeoX]

That all makes sense to me. When the story was about how you could turn on your PC and get rich a lot of people were interested. Now that bitcoin is maturing into a payment network... well, payment networks are not very sexy.

[silverbox]

Trend info lags price.  Interest is higher now steady state then ever before.

[thresher]

I agree with this.
Bitcoin has not recovered from its peak price, and has not even come close to it.
News doesn't have massive impact anymore.
Gox incident, and the 9 million things that can be said about it.
China
mining is essentially pointless
Altcoins....yeah

When I first started looking at btc (a little before this time last year) you had to watch and pay attention because of news significantly impacting the price, huge swings, etc.
These days price stays at a point then drops, rinse and repeat.  There is no reason to do anything other than check the price in the morning, nothing happens, and to be honest I wouldn't even accept btc if I was a merchant, drug dealer, whatever because by the time I received it, it would probably be worth less than it was.

I will never get why people think a steady price is good.  People bought btc to make money, whatever diluted reasoning some of you have thinking we are all martyrs is insane.  That is like saying I bought led xmas lights to save the earth, i bought them to save fucking money.  That said I believe in btc, but only because I also believe it will make me money, don't like it, then buy all my btc at an inflated price and go on a crusade.



Not to be a pessimist but these are reasons why I don't pay attention anymore (loss of interest.)  It is just people trolling going "btc is dead," or trolling going "btc is going to be worth 10k in 2014, wait 2015, no march of 2017," or whatever other asshole date they come up with.  Why am I on now, i'm bored as fuck at work. 

[Paashaas]

Deadcoin and co are pure junk and a mod shoud add a command to there acounts. Everytime they making a post it shoud be moved to junk section.

New ATH of transactions this month and thats imo more important than price ore Deadcoin (Falllling) Fewcoin junk opinions.

https://i.imgur.com/Sp0R6NE.png