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RE: Each BTC Market Cycle takes just a little bit longer to peak...

in LeoFinance4 years ago (edited)

Those are 2 well examples of why the user might be searching, for what ever the reason is you can't look a numbers and averages this way, it's about million of users, in large scale charts it should be visible

so lets say 10M average search for example:

2M wanted to know what bitcoin was (potential new users)
2M Was working on Bitcoin
200K was looking for a new wallet
200k wants to buy bitcoin

First, it's all good, great indicator of the total market and it all ads extra value, those websites getting traffic make money, which in turn again ads to the crypto market, so it all good for crypto in general

Basically we can compare the searches of global market with the price/market cap or sales, which should have a lot of strong links and a great indicator due to the amount of data.

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If one did a proper research, made more exact daily/weekly/monthly/yearly charts and would compare it to Market cap/number of transactions and other dimensions, you would see very strong links. Because that what the actual market was looking for.

You would be able to filter the fake stock market money/ large daily trades and more, when you get the comparable dimensions right.

Maybe. Unless you had a few large institutions enter the market... I think the stats you are looking at are a decent indicator of retail involvement.