We all know BTC is in ATH and doesnt stop.
And there is this famous bubble diagram.
The hardest part of the diagram is to know at which place we are.
But due to times we live in, we have data that can help us ie Google popularity of searches known as Google Trends.
Bitcoin currently at top7 but was top5 yesterday which we can read as a Public interest phase.
Countries Mostly Interested
Some interesting countries are now seeking to learn the most on the BTC.
Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips! |
 |
|---|
Amazing. Never thought i would see this day lol! Even when I was a bitcoin for halloween ;) see promoted post. Upvoted and tweeted!
That is awesome! Do you have a picture of this?
https://steemit.com/bitcoin/@goldmatters/when-everyone-makes-fun-of-you-for-being-a-bitcoin-for-halloween
Nvm! Saw it here! Well done!!
https://steemit.com/bitcoin/@goldmatters/when-everyone-makes-fun-of-you-for-being-a-bitcoin-for-halloween
Thank you!:)
Nice costume man! :)
Thank you!! Lol!
This is really getting more and more weird by the day. I must confess, I thought STEEM was Dead! I had faith but that faith died when my account, which was worth $900 at the beginning became almost worthless, at $90. Now I can dream again! And post again!!!
Your dreams are becoming reality...Stay the course, this is the future here and now, we just got here before the masses this time.
Steem lives!
Forever!!
great
Great thought- Thanks!
Yes, the question is really Hockey stick adaption or a FoMO bubble? - I have been asking myself that for last couple of weeks.
Yet - nothing seems to stop the upward trend - no "core vs unlimited" fork debate, no 200,000 transactions not confirmed and not startups turning away from bitcoin, because their business model (micro payments and/or quick payments) is possible anymore.
Sometimes I do wonder what it is: For Ethereum, for example, I do know, that for 3-4 weeks now, South Koreans are heavily investing and picking up...and also Ethereum Classic (ETC), which they probably confuse for the bigger Ether chain...
So there are new entrants, definitely.
But there is also a phenomenon I have witnessed reflecting myself: Once the fiat currency (EUR, USD, ...) is in the cryptosphere...it somehow gets gamified...I did things, I would NEVER EVER have done with "real" money - although it is real...
This combined with the massive amount of early investors, now not only in bitcoin, but in Litecoin, Dash, Ethereum, ETC, Monero and so on - means there is a lot of "old" money floating around very easily in the space...
So maybe - there are new entrants flooding the Top5-10 chains, regardless of the chains' goals (Ripple for example is not really a public system).
At the same time, "oldtimers" are freely increasing and diversifying their coin portfolios.
May we live in interesting times! ;-)
Big nes for the world of Bitcoins still rising, under the influence of its popularity. I really look forward to the resulting effect of when people will start to realize the power behind Bitcoins big brother, BITSHARES, and of course, our beloved STEEM for that matter!?
Thanks again for another good piece of information.
Namaste :)
It has begun!
Congratulations @kingscrown!
Your post was mentioned in my hit parade in the following categories:
And Steemit comes in when it comes down to valuable sources on BTC, so this Blogging platform could benefit from the Bitcoin search hype.
GOod to know Bitcoin is on people's mind. Curious where all the interest in the countries shown above comes from?
Thanks for the update. I agree it's hard to tell where we are at in the bubble diagram. However I still feel we haven't seen the full effect of the institutional investors, so it may still be a while before the mania phase sets in. My good friend has a saying, "I will get out of Bitcoin when my father decides he wants in the market". I think he hit the head of the nail on that one :)
Would buying other altcoins work as a protective measure or everything goes down when the big guy Bitcoin falls?
I think then the party is all over!
Depends. Many altcoins are being driven up by the flood of money into cryptocurrencies so they will ride along with Bitcoin to a large degree as a store of value. Altcoins that have more practical applications to base their value on would probably still sink with Bitcoin initially but might be able to then capture more of the total market share. So in the long term if Bitcoin falls there's probably money to be made by investing in the right altcoins. But who knows... it's crazy right now.
It is hard to say but it seems to me keeping it in ETH right now is a safer bet. If you don't want extra risk for bigger gains.
Yeah ETH is probably the safe altcoin if there is such a thing.
All praise to Satoshi lol @kingscrown, let the coin keep poppin we're just getting started!
I think that it's important to remember that while Bitcoin is being treated as an investment by many of its users, the goal is still to make it into a "real" currency. It does look like we're at the public interest phase, but that doesn't necessarily mean that the "Bitcoin bubble" is bound to reach a pop. Regular currencies do fluctuate in value, but this is more due to inflation/deflation. If Bitcoin succeeds in its goal, which I think it stands a chance at, and becomes a "real-life" currency that you can use on Amazon or at Walmart, then Bitcoin will reach a stage like this. The current public interest is a chance to prove ourselves to the public and shift the perspective on cryptocurrencies (rather than keeping the narrative of "these are black market commodities" or "a great investment with no value on its own" that people have heard so far). If we succeed in this, Bitcoin will eventually be able to stabilize at a high value instead of coming to a crash, and this will also give bigger opportunities to the various altcoins that are currently dependent on the success of BTC.
its going to be in no one search by users soon...
nice post :) look also at this post :
https://steemit.com/cruptocurrency/@vbnm21/free-mining-free-coins-free-eobot-com
NOW THAT IS AMAZING
Colombia is number 4 in the list. Ironically the government does not allow for the use and/or transaction for goods with BTC or any crypyo coin.
One day we'll see steemit in this top list:)
Bitcoin is fast becoming a household name... soon its impact on day to day living with the masses will be tremendous...
When mainstream media picks it up and reports on it, it's fast in becoming accepted by the average guy. Go Bitcoin Go!
Exactly.... all happy news for bitcoin holders.
Good post. So, we should be near the end but we potentially still have very large moves up left to go.
Regardless, I am out.
great upvote
Someone once said "Investing is for people with a stomach, not for people with a brain".
Great. I really wonder if it will reach one someday for a while :)
Yes. Even Fidelity CEO talks "love" for Bitcoin now on Coindesk news
good post and good job,i'm follow and resteem for you pleas follow and upvote my post,thanks for your share
One thing to add:
Be careful with regular stats in the cryptosphere - real/old/conservative cryptos probably never use Google...so the founding movement probably is not represented at all in such stats at all...in contrast to regular web users ;-)
if we continue to follow the long term uptrend, we may have a serious pullback, within a couple months, providing good entry points as per the historical data.
The trend is your friend.
Wow my sweet baby is getting more popular.
if these countries also adopt bitcoin massively then god knows where the price will stop. And India is also a good market. Just that people don't want to try btc. more comfortable in gold and property
Great post! And spot 7 is so good for the crypto world. Finally it gets more attention!
Nice post:).
Not so amazing when you consider the instability in many parts of the world. The instant conversion into other currencys with a few taps on the keyboad has a lot to do with it. Look at silver right now; a hard money that is down in the doldrums because, of its cumbersome conversion into cash. I wouldn't trust the futures market with its central bank manipulations. Good sleuthing!
Superb !
First time on steemit
Bitcoin saved me! Read my story...
👌 👈
upvote and rs for you...
Great news.
Where did you find it at the top? My results show something different.
https://trends.google.com/trends/hottrends
I think we are in the media attention part. Even if we go to new paradigm. When stock, real estate, and bond bubble will POP and that will push it to even higher paradigm.
Cryptocurrencies are designed to weather crashes. The worst hacks have occurred, and in short time we are at ATH on any number of coins. For the BRED coins (Bitcoin, Ripple, Ether, Dash), it's uphill if you buy and hold for a decade.
The whole bubble is crazy!!! I honestly think bitcoin will crash to 1000 and take a few years to get back to 2200. Or it could just skyrocket to the moon and beyond our wildest imagination!!!!
Yes @kingscrown, I think it's still very early days. Government crackdowns on money laundering and tax evasion, and in hyperinflation in Venezuela, will only increase public interest further.
anyone think its time to stop using google for searching and start using duckduckgo.com or other alternative search engines?
good to know. Thank you! @elevator09
I have the feeling the hype wont stop. Maybe if the Chinese or Koreans somehow shut down those Exchanges. Bitcoin is rising now extremely fast thats unreal, I guess it will correct a little but when? Maybe it will rise to 4k per coin and correct to 3k lol, I dont know :)
This is mania now. In few days or months, it will crash but long term its great.I strongly believe that it could be one of the application built on top of bitcoin or ether that would be a winner. A new big company like google or microsoft
We're flying.
Keep sharing the good news, followed.
Interesting discussion. I was about to start a similair discussion. Blockchain is here to stay, therefore we shouldn't look at what most people invest in but in the real quality projects, with great teams, management and a great product. Some people are still investing in "an idea". Is an Idea worth 100m+ USD to you? Besides coinmarketcap.com there is: https://www.coincheckup.com I'm really enthusiastic about this site, they let you analyze every single coin out there. For example: https://www.coincheckup.com/coins/Steem#analysis To check Steem Report