Bitcoin trend google

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People hearing about Bitcoin during water cooler talk or reading stories in the newspaper about year old millionaires who bought the asset early on with allowance money had their curiosity — and greed — piqued. It caused them to flock to Google first to inquire what the digital asset even was, before searching for how to buy it, and finding themselves on the likes of Coinbase , driving up the price further.

This is clearly depicted on the five-year Google Trends chart for Bitcoin. Compared to then, the current price action is causing barely a blip on the chart. Most other longer timeframes show a decline in Google Trends , until what looks like a bull flag appears on the end of the 7-day. Crypto Bubble No More? The lack of interest could stem from two things.

Remarkable, very crypto bot binance mine the

The rise in volume indicates an unusually high amount of coins being exchanged. Related Reading Why Bitcoin Production Cost Is A Very Likely Bottom Increasing volume can also present when a trend is strengthening, so anything is still possible with the most profitable speculative asset in history. There also must be a buyer for every coin sold, so someone out there is buying at these prices. Trading volume is easier to analyze and derive predictive information from.

What exactly is the increase in Google Trend search volume telling us? Please note: Content is educational and should not be considered investment advice. For updates and exclusive offers enter your email. Sign Up I consent to my submitted data being collected and stored. Behind the pseudonym, I'm a digital media executive and global remote work leader with a decade of content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views.

I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally — to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution.

While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of.

The asset jumped about percent in two days — April 2 and April 3 — and its forked version, the Bitcoin Cash, surged closed to percent during April 3 and April 4 trading session. The southern state scored a 33 in terms of month relative popularity. Internet users in West Virginia, Arkansas, Alabama, and Oklahoma also queries the least about the cryptocurrency and other related keywords.

Could you be next big winner? Interestingly, the US was the 17th largest bitcoin-searching country at 39, beaten by weak economies like Nigeria , Ghana 84 , and Venezuela The Trend-and-Price Scenario An increased Google trend does not typically signify that the bitcoin price would surge. For instance, an average internet user might want to know about the cryptocurrency without any intentions to purchase it eventually.