Bitcoin: What Google Trends tell us ? and TV, Social Media..

Asset prices and human psychology always move in parallel. If the price of the asset that you own is falling, then your morale also deteriorates. You even begin to believe that that being is not the right choice. A similar example is being experienced in bitcoins and cryptocurrencies in these days. Last year, the price was 20000 USD, everyone was talking Bitcoin, but nowadays no one is curious. According to Google trend data, the rate of Bitcoin searches on Google is very low since March 2018.

So, what does both TV and social media think about Bitcoin? As you can see below, when the prices falls, the same structure of thought is not only in investor. The same psychology reflects to media too. In fact, this is a process of unchanging psychology since past. In this process, the biggest war is given by investors. The investor has to fight both the media and the psychology that emerges with the fall of prices.

I won't say any estimate about market. But this is what has always been seen throughout the history of all exchanges. When the best news begins to spread from the ear to the ear, then the trend turns down. And When the worst news begins to spread from the ear to the ear, then the trend turns up.

Don't lost your hope. Happy Weekend!!