Post
Topic
Board Speculation
Re: The current BTC hype is over, let's wait for the next one...
by
Fiery Winds
on 01/05/2013, 21:45:58 UTC
The current BTC hype is over. Google searches after bitcoin and related terms are declining slowly during the last weeks, since we had the BTC peak. See the Google Search chart here (the hype chart):

Google search trends after 'bitcoin', 'bitcoins' and 'mtgox'

http://i.imgur.com/q2M8Iwa.png

So, let's wait for the next hype wave... but this could take some weeks, months, maybe years...

The problem with that chart (with respect to your interpretation) is that it deals with search volume relative to itself.  The peak is simply the highest it has been, but it's not a value.  The only thing that chart tells us is that ~5x more people compared to today searched for those terms at its peak.  Do you think that all those people that searched back then suddenly forgot about Bitcoin because they haven't searched it again?  Search volume spiked because a LOT of press was released very close together.