Google Trends shows interest in Bitcoin

<div _ngcontent-c16 = "" innerhtml = "

Shutterstock

If you are a bitcoin bull, you are waiting for the incident to break out and start the next cycle.

Without question, bitcoin and cryptocurrency has been an interesting lightning for millions of people: when they are interviewed by famous financial figures, they are always asked what they think of bitcoins.With bitcoin has a value similar to any number of large companies listed in the US that is like any financial press conference and company that has several questions from the government investigating the Disney title.This would be considered very strange but for bitcoin it is considered normal.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Bitcoin has for any reason, the world is fascinated. & nbsp; Nothing makes the following chart of Google trends clearer:

Google Trends shows interest in Bitcoin compared to Trump, Taylor Swift and the stock market Credit: Google

It is interesting to note that Google's media and, consequently, the media interest closely related to the price of bitcoins. & Nbsp; If people lose interest, the price will fall and the opponents will win. Before thinking that the chart shows this, remember that the green line is the stock market and one of the biggest pop stars on earth is the yellow line.

Incidentally, interest in the stock market goes up when stocks collapse but the opposite is actually true for cryptocurrency. This suggests to me that actions are driven by fear and crypt by greed, a fully enticing idea. Behind this dichotomy there is the old stump and the young crypto, and the old man is afraid and the young are fearless and full of hope, a condition that can be summarized in a kind of gluttony.

So what is the current state of the work tell us about the prospects of the bitcoin?

Google Trend interest in Bitcoin for 5 years Credit: Google

For me this says that the worst could be over, which is a drag up as far as I'm concerned, I still hope to have a & # 39; purchase opportunities below $ 5,000 and perhaps much lower. Yet the internet's interest suggests it is not on the cards.

With Trump's "war on trade" and the devaluation of China flowing, it seems unlikely that bitcoin as the capital of dollar-denominated flight suddenly loses its appeal. There is the "problem in the Middle East" mandatory to keep bitcoin jumping, so it is plausible that we have seen the lows of the crash.

I must admit I'm skeptical but I've learned over the years watching the tendency not listening to my gut, which often booms and is clearly connected to the other side of my anatomy away from my brain.

I am acquiring crypto at these levels and will continue to do so. If the bitcoin collapses, I will reload. Mining revenue is behind it, which suggests that basic cryptography is a soft market, but bitcoin is heading from the other side, suggesting that bitcoin is strong but cryptography is still generally based. If the bitcoin continues to rise, the altcoins will suddenly transform into life.

So the way to play this market is to gently acquire, look at bitcoins and if it seems to start a new boom cycle, dive into it and some altcoins to add even more alpha.

It will take a catalyst to kick off the next cycle, but in the past it has only been turned on by the greed value of a fast move. While it's ridiculous to try and try these kinds of things that I'm still comfortable with, this can start at the beginning of the winter of this year. The trends of Google will show the kick-off if this were to start.

Be among the first to know the most important news and information on cryptography and blockchain with Forbes Crypto Confidential, a free weekly eletter. Register now

Disclosure: I own bitcoins and several altcoins

Clem Chambers is the CEO of the website of private investors & nbsp; ADVFN.com and author of Be Rich The game on Wall Street and Trading Cryptocurrencies: A Beginner & # 39; s Guides.

">

If you're a bitcoin bull, you're waiting for the accident to go off and the next cycle of expansion begins.

Without a doubt, bitcoins and cryptocurrencies have been a lightning rod of interest for millions. of people When famous financial figures are interviewed, they are always asked what they think of Bitcoin: with Bitcoin that has a value similar to any number of large companies listed in the United States, it's like every financial and business press conference that has several questions from plan asking for information on the Disney title, it would be considered very strange but for bitcoin it is considered normal.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Bitcoin has a huge influence on the brand. world is fascinated, nothing makes it clearer than the following chart on Google trends:

Google Trends shows interest in Bitcoin compared to Trump, Taylor Swift and the stock market Credit: Google

It is interesting to note that Google's media and, implicitly, the media's interest is closely related to the price of bitcoins. If people lose interest, the price will fall and the opponents will win. Before thinking that the chart shows this, remember that the green line is the stock market and one of the biggest pop stars on earth is the yellow line.

Incidentally, interest in the stock market goes up when stocks collapse but the opposite is actually true for cryptocurrency. This suggests to me that actions are driven by fear and crypt by greed, a fully enticing idea. Behind this dichotomy there is the old stump and the young crypto, and the old man is afraid and the young are fearless and full of hope, a condition that can be summarized in a kind of gluttony.

So what is the current state of the game that tells us about the prospects of bitcoin?

Google Trend interest in Bitcoin for 5 years Credit: Google

For me this says that the worst could be over, which is a drag to me & # 39; I'm worried because I still hope to have a buying opportunity of less than $ 5,000 and maybe a lot lower. Yet the internet's interest suggests it is not on the cards.

With Trump's "war on trade" and the devaluation of China flowing, it seems unlikely that bitcoin as the capital of dollar-denominated flight suddenly loses its appeal. There is the "problem in the Middle East" mandatory to keep bitcoin jumping, so it is plausible that we have seen the lows of the crash.

I must admit I'm skeptical but I've learned over the years watching the tendency not listening to my gut, which often booms and is clearly connected to the other side of my anatomy away from my brain.

I am acquiring crypto at these levels and will continue to do so. If the bitcoin collapses, I will reload. Mining revenue is behind it, which suggests that basic cryptography is a soft market, but bitcoin is heading from the other side, suggesting that bitcoin is strong but cryptography is still generally based. If the bitcoin continues to rise, the altcoins will suddenly transform into life.

So the way to play this market is to gently acquire, look at bitcoins and if it seems to start a new boom cycle, dive into it and some altcoins to add even more alpha.

It will take a catalyst to kick off the next cycle, but in the past it has only been turned on by the greed value of a fast move. While it's ridiculous to try and try these kinds of things that I'm still comfortable with, this can start at the beginning of the winter of this year. The trends of Google will show the kick-off, if this were to start.

Be among the first to know the news and the most important information on the crypt and on the blockchain with Forbes Crypto Confidential, a free weekly eletter. Register now

Disclosure: I own bitcoins and several altcoins

Clem Chambers is the CEO of the website of private investors ADVFN.com and author of Be Rich The Game in the Wall Street and Trading Cryptocurrencies: A Beginner & # 39; s Guide.

Source link