AMAZING! New Bitcoin ATH even after China rumors and shut down of exchanges. Find out where
Hello fellow Steemers and crypto investors,
Bitcoin has hit a new ATH! No, I’m not talking about a price ATH, this one is on Google Trends worldwide.
Amazingly, against all odds, after all the FUD, the China rumors and banning of exchanges the Bitcoin train is just unstoppable.
This means people worldwide are searching for Bitcoin online more than ever, even if it’s about negative news sometimes.
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 this comparison, Ethereum and Litecoin searches have been falling dramatically:
Bitcoin vs Ethereum vs Litecoin (searches in the last 5 years)
Bitcoin vs Ethereum vs Litecoin (searches in the last 12 months)
Bitcoin vs China. Bitcoin is slowly becoming more popular than China! No wonder they are jealous haha!) - (searches in the last 12 months)
Bitcoin vs Xi Jinping (current president of China, searches in the last 12 months)
Turns out they only pissed off this Honey Badger!
CHECK OUT MY PREVIOUS POSTS:
Why China (or governments) can’t stop crypto
ETHEREUM’S RAIDEN VS BITCOIN’S LIGHTENING – What’s happening?
SEE THE CHARTS! Segwit progressing slow but already helping ease congestion in the Bitcoin network
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 invest money you can afford to lose!
Follow me for news and commentary on investing in crypto-currencies.
Happy crypto investing!
nice one
nicely said great work i like it and upvoted
It is very helpful post...
What happened to NEO cryptocurrency? I thought the Chinese government approved this coin. Looks like there are a lot more buyers than sellers right now. I don't think the Chinese government likes bitcoin because they can't control it.
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Nice post like it.....
keep it up..... upvoted!!
good post. bitcoin is growing higher as lite coin. because it is more famous as litecoin. Thanks for sharing. upvoted
Graphs, Charts and Infographics, love them. Really interesting trends in order to combat FUD (Fear, Uncertainty and Doubt). You always have great information to share.
Source Credit: giphy
Thank you so much for your insights and unselfishly contributing great stuff to the SteemIt Club.
Have a great week! You Rock!
Thank you sir! Look at the gem I found this morning in the news. It confirms the importance of Google Trends in Bitcoin price analysis.
http://www.businessinsider.com/bitcoin-price-correlation-google-search-2017-9
best regards
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STOPGood morning crypoteagle