Quote from: Abiky on November 20, 2018, 06:16:00 PM

Prices have been on a constant decline ever since this year began. There's been FUD all over the place, and governments have been cracking down on Bitcoin and other cryptocurrencies. In addition, there have been several hacks which have also contributed to the decline in the value of the whole cryptocurrency market. As such, many people have lost their faith in Bitcoin and cryptocurrencies in general, as they've lost a lot of money.

Despite this, it seems that most holders would not give up on Bitcoin no matter what. But, if Bitcoin keeps declining in value until it becomes worthless, then long-time holders (like me) would become disillusioned. For those who want to protect their investment, there's the option to sell Bitcoin into USD or exchange it towards a stablecoin like Tether. However, even Tether has lost its peg (although in some occasions it heads back to $1) sometime this year, which means that not even stablecoins can be trusted.

Nonetheless, what are your thoughts about this? Will it be Game Over for Bitcoin? Or will everything go back to normal soon? Huh

Bitcoin / Bitcoin Discussion / Google trend for BTC is dead is on the rise. Think differently this timeon: Today at 09:25:50 AM

Folks, please remember that every-time google searches increases, something opposite happens. And why not ! ? I will want you to think from the physiology of big investors. Since this is the physiology driven market, please remember any whale investor manipulating the market will not invest when an average Joe is putting a keyword on Google "Bitcoin is the future of currency". The same whale investor will be very happy to invest when average Joe puts a keyword on Google search "Bitcoin is dead". This is how bitcoin has always been and will remain for few more years to come. With experience, I started to quesiton myself what would a whale think in any given situation and realized that my heart was thinking as an average Joe and that thinking was different than what my head told me about what a whale investor might be thinking. Let me clarify below.

Headine for an article posted on SludgeFeed 4 hours ago says - "Google Searches for Bitcoin Jump to a 8-Month High"

Headine for an article posted on Bitcoinist 1 day ago says - "Google Trends Bitcoin Interest Hits a 6 months High"

Dont forget Googles gets over 2 trillion searches every day (2 trillion is approximate number as per 2018) and hence is a huge market for people to talk about it. And when market is as big as this, there is a great opportunity for manipulation. Let's see what are these searching saying - positive news or negative news about bitcoin ? I did a small exercise of going to https://trends.google.com myself and entered a search term "bitcoin". below are the results i like to share with you

10 times more google searches were done on bitcoin in the month of Nov / Dec peak worldwide. When people where searching so much in Nov/ Dec last year, price was expected to fall as per logic. Think from a big investor perspective here ! Think opposite of what an average Joe would thikTop three countries where people are searching the maximum about bitcoin are 1. Australia, Canada, and United States. What does this indicate? There are possible average Joe's from this countries that will put their money in bitcoin ecosystem next and will see this as an opportunity. But will they take the market upwards? No. The same big investors will put their money first and these average Joe's will just get in after they see that market is moving back up.

Next, what do I think about the current bitcoin price and the possible outcomes ? Well, the fear has finally kicked in but it is a good time to enter the market. Although I am not 100% sure that there will be no further downtrend in price, but I can almost confirm that whatever has to happen will happen in next 1 or 2 month before we change the trend and move back upwards again. 1 or 2 months is the maximum I see from this situation. And given the average Joe mentality, you will not be able to pick the lowest point of bitcoin and anyways in the long run it would not matter if you purchased btc at 3,700 usd or 3,100 usd. And hence, i would expect a little stability here and may be a little bit more slide but then there is only one way and that is - UP. So, in order to beat the whale investors this time, you might have to think differently.

ALways remember to question yourself " what would whale investor do in this situation" and then take a decision.

crptomoon1001

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