Can We Predict Bitcoin Price With Google Trend?
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This morning, I came across yet another pleasant surprise related to this:. An bitcoin google trends correlation by Jim Edwards at Businessinsider. I'm sharing it with the Steemit comunity here together with my post from yesterday. Hope you enjoy the good news after all the China FUD lately! Bitcoin has hit a new ATH! Amazingly, against all odds, after all the FUD, the China rumors and banning of exchanges the Bitcoin train is just unstoppable. Like this quote by Oscar Wilde says: There is only one thing in life worse than being talked about, and that is not being talked about.
Something that also surprised me was comparing Bitcoin with the next two altcoins by market cap in Google Trends, Ethereum and Litecoin. Not only does Bitcoin have an amazing lead in bitcoin google trends correlation comparison, Ethereum and Litecoin searches have been falling dramatically:. Bitcoin vs Ethereum vs Litecoin searches in the last 12 months.
The study bitcoin google trends correlation from a database of million US keyword searches linked to the cryptocurrency. The overall search volume of bitcoin google trends correlation keywords is estimated bitcoin google trends correlation be It showed that the price of bitcoin in US dollars rose and fell largely in tandem with the number of search requests for terms like "bitcoin," "bitcoin price," and "bitcoin value.
At one level, the study merely confirms the obvious: As bitcoin becomes more expensive, and thus more exciting, more people search online to find out how it is doing. On the other hand, it is nice to see statistics confirm your hunches. The data in the sample is about a week old. Since Juneonline searches for the price of Ethereum, another digital cryptocurrency, have almost equaled bitcoin searches, SEMrush says. Here is the bitcoin chart:. Turns out they only pissed off this Honey Badger!
Great time to pick up cheap alts! What percentage should you invest in each coin to become a multi-millionaire? A winning index strategy. Segwit progressing slow but already helping ease congestion in the Bitcoin network.
The case for a million dollar coin! Where are we now? Tell me what you think of this post in the comments below. This is not professional investment advise.
I'm not your financial advisor. Only bitcoin google trends correlation money you can afford to lose! Although correlation does not always imply causation, in the case of bitcoin I think its a sort of a sell-sustaining cycle, where every rally triggers mass coverage bitcoin google trends correlation news outlets, which in turn causes more searches by curious people, which in turn pulls in even more fresh money into the system.
Every time the mainstream media does a hit piece on Bitcoin they just add a million more curious people to the network hahah. It's like the demorats and fake news complex keeping Trump on the news all the time hahah. There's a saying in the advertising world that there's no such thing as bad publicity. So even the negative articles create even more awareness about bitcoin and cryptocurrencies. Bitcoin is not a cryptocurrency, its an ideology and there's no stopping this ideology.
It has come to stay. Bitcoin to the moon! Agreed, I look at them often! The issue is that it is often lagging the rise of Bitcoin. Do you have an idea how to get the Google Trends on a more dynamic view? Google seems to be keeping all the good stuff from us. I don't know how to get more recent trends but maybe there's a more tech savvy way, an api or something. Will look into it. Even with the China issues I think that their are enough people that realize that centralized banking was never a good thing.
It was outdated the day it started and illegal in most ways. Now with technology the centralized system has become even more outdated in many ways. Especially now that you see almost every person on he planet having access in one way or another to smartphones and other devices crypto is the obvious future. It not only is a ideology but a reality that cannot be stopped there always is ups and downs in any market.
The real thing that will drive it into the future will be having a more bitcoin google trends correlation currency bitcoin google trends correlation like Bitcoin cash and the others it will help retailers to bitcoin google trends correlation it more as well. This is a time history will not forget.
You have completed some achievement on Steemit and have been rewarded with new badge s:. Award for the number of upvotes. Click on any badge to view your bitcoin google trends correlation Board of Honor on SteemitBoard. For more information about SteemitBoard, click here. If you no longer want to receive notifications, reply to this comment with the word STOP. By upvoting this notification, you can help all Steemit users. This morning, I came across yet another pleasant surprise related to this: Find bitcoin google trends correlation where Bitcoin has hit a new ATH!
Not only does Bitcoin have an amazing lead in this comparison, Ethereum and Litecoin searches have been falling dramatically: Here is the bitcoin chart: Segwit progressing slow but already helping ease congestion in the Bitcoin network The case for a million dollar coin!
Follow me for news and commentary on investing in crypto-currencies. Authors get paid when people like you upvote their post. Thanks for the information sir I need an analytical model that gives me next weeks price for BTC. I need that too, but it's bitcoin google trends correlation be guaranteed: Thanks 4 this outstanding information! I would call it outearthist Bitcoin goes to the moon haha! Thanks for sharing Jim article, i will resteem!!
The more they hate on Bitcoin, the more curious people join the network haha. Daily Learn some new from your post. Love to read it. That is really good news. Sounds to me like: People hear about bitcoin. All the MSM hit pieces and financial gurus killing it just seem to make it stronger haha. You have completed some achievement on Steemit and have been rewarded with new bitcoin google trends correlation s: For more information about SteemitBoard, click here If you no longer want to receive notifications, reply to this comment with the word STOP By upvoting this notification, you can help all Steemit users.