Bitcoin Updates

in #bitcoin6 years ago

shutterstock_608089037.jpg

Google trends shows that web searches for the word "Bitcoin" have decreased by about 75% in 2018 so far. This demonstrates that most people looking to make a quick and easy profit have lost interest in the cryptocurrency. While this is bad news for traders, it is good news for long and mid term investors because they can buy at lower levels when most of the froth is out of the markets

Most of the cryptocurrencies are in the same situation, as the number of ethereum searches has plunged about 70%. Bitcoin cash and Ripple have lost 82% and 87% their google popularity. Meanwhile, EOS searches have increased in number by 97%. But the theory stating that the increasing of web searches impacts the rates is an obvious misconception. Vice versa: the growth of the rates causes growing demand, which push web-users into search engines