Bitcoin search interest is at bear market levels, while price is above $100,000. Is this bullish?
Bitcoin search interest is at bear market levels, while price is above $100,000. Is this bullish?
the bear market was 2022 bro
There are two ways to look at it
1. It's bullish because we reached these levels without FOMO, imagine what it will be when FOMO comes
2. It's bearish because this is a low-interest pump
Yes but not the way I’d like it to be
normies are gassed out. the ones that tried to ride the last few waves got giga-rekt
they’re out of money
so the big banks and corpos are swooping in and buying as they can because they saw the writing on the wall
normies will continue to get priced out while the top niggas buy
asking ai instead?
Crypto needs more fools to let the previous fools cash out so interest is directly correlated with price movement, minus margin of error because only one retard with a billion dollars can swing the market a lot.
Very bullish. We'll keep ramping, Bitcoin will hit new highs and then the media cycle (plus global instability jitters) will kick in, you'll get a big fomo buy it, that'll accelerate and you'll blow off suddenly into some unsustainable top followed by an emotional collapse. My guess would be over $400k this cycle, blowing back to well under $200k, and then simmering at around $200k for another year or more
This cycle got a few months left. That means 50 to 60k is the relevant next bottom.
How could it go down that much? Easy: AI obliterates the middle class soon, they will all stop spending once they realize education and brain-based career is now valued at zero.
And the economy will have to transfer all that capital from the old industries to those that cater to AI instead of humans. That turmoil creates a big bear market.
Bearish but only because people will be forced to adopt Bitcoin through retirement savings and backing stablecoins.
Eventually Bitcoin won't be recognizable because everything will be an abstraction of Bitcoin.
Think rewards programs but with up your ass data collection backed by a Bitcoin treasury.
Oh I'm an ibit goy it'll cost me 20% tax 25% tarrifs to send Bitcoin so I'll just use blackrock stable USD
Meanwhile the same 150 people are circle jerkin on nostr sending zaps on the same centralized cashu mint.
It's over.
Full timeline shows a clear downtrend in American public interest.
the cycle got a few months left
you guys were saying this a year ago
Probably.
I don't imagine anyone except boomers is still using search engines when they want something explained.
Also, people are probably used to hearing BTC is going up and less inclined to FOMO into it unless they understand it.
Anecdotally - when I tried to learn about BTC before understanding it, I always looked up some article or video that would lead to an explanation of the tech. Which would bore me and sort of explain how it works as a currency, but it never explained *why bitcoin*.
It's understanding what money is and having the whole fiat concept click for people that gets them into BTC.
If somebody starts by searching or asking ChatGPT "how does bitcoin work?" they're going to get a tech explanation that loses their attention and walk away without learning why it goes up.
BTC above $100k is just too expensive psychologically as opposed to when it was sub $70k and people also had free money back then too.
people also had free money back then too
A month and a half ago?
This is an extended cycle. Much different this time.
Nope I'm talking about when interest peaked back around 2021.
ive said it before and ill say it again, we're in an extended bullrun. The top is over $2m in 2027, the hype phase begins around $500k in 2026
Just so you know the sentiment among giganormies on the street, not twitter normies, is that bitcoin and crypto is a scam. There isn't going to be any FOMO.
Hasn't that always been true?
It was until the last run where there was real giganormie interest and FOMO and when it dumped it just solidified for them that it's a scam. It's going to take a lot to change their minds again.
I didn't invent the four year timeline, it manifested.
"Priced out" of what? You can buy $1 worth of bitcoin.
nigga normies can’t pay they klatna burrito bowl micro loans
they don’t got 1 dolla fo crypto
giganormies are easily programmable, they could switch to throwing money into crypto again if the news starts actively shilling it in another bout of hysteria.
It's going to take a lot to change their minds again.
Wrong.
I didn't invent the four year timeline, it manifested
There is no four year timeline.
giganormies are easily programmable, they could switch to throwing money into crypto again if the news starts actively shilling it in another bout of hysteria.
normies are gassed out. the ones that tried to ride the last few waves got giga-rekt
they’re out of money
This is true but consider that we are at the bottom of the business cycle. Normies are broke because they can't keep a job or even get work in the first place because the economy has been rekt since the Fed jacked up rates in 2022. When liquidity increases and gets invested into growing businesses, these normies will get jobs and if number go up they will throw their paychecks into crypto buying my bags. It's that simple.
How much are transactions fees these days for said $1 of btc?
inb4 you don't respond
People do not search for it anymore because everyone already knows what it is
listen up stupid chuds. it's bearish because no rate cuts - no real bull run. some faggots manipulating it higher doesn't change the fact that avg people doesn't have money to invest unlike pre-covid era, and so that chart will never go to 100 unless world magically heals itself economically. murphy's law. things will get worse.
if powel lowers rate it may be in a recession, so it crashes on lowering rates, then it gigapumps. tards that think lowering rates is automatically bullish do not get this
Lmao never seeing 50k again
Idk I sent $24 million for $20
BTC incapable of -60%?
unironically crypto industry needs to rope normies in with a "btc stock split". just make a better name for sats or mbtc. make a separate trade pair or purchase option for sats and mbtc, dont even make btc pair visible to them. poorfags will be flocking in
Yes. Most remarkable is the nearly daily reports you get about countries either adding a Bitcoin strategic reserve or major groups in those countries openly discussing Bitcoin as a currency option. If you're paying any attention at all you can see we are rapidly approaching Bitcoin standard.
btc will become a stable coin soon and there wont be any bearish or bullish eras, just like satoshi intended to, all the speculators will fuck off and we will have a real non-fiat coin to keep our savings safe from inflation.
and this is a good thing
You are right about search engine data being useless in the last couple of years. Now it is spiritual boomers using Ai to "answer" questions. Most people just aren't "searching" the internet at all. They go on Tiktok or something and find a topical discussion.
Yes this is why everyone seems even dumber than before, if that's imaginable.
AI has been intentionally corrupted on certain topics, crypto being one of them.
Google search is a useless metric these days. There ae a dozen other things you can look at that support Bitcoin being extremely bullish.
This bitcoin rally is institutionally driven, not retail driven.
The idea about referring to smaller increments as "Bitcoins" is sadly the right move. There is no need at all to change protocols or anything else this is pure marketing. We need to be saying we have "300k Bitcoins." Anyone with a brain will still understand what a "whole coin" is and there is no need to worry about that. The problem is that one Satoshi is currently $.00026 cents. That is incomprehensible in "money" terms to the norm.
Everyone's mentally anchored to a dollar being 100 cents and that is the lowest denomination. As such converting to a familiar sounding amount is tricky because they aren't good at anchoring around 10,000 of something. It needs to be 100 or 1000 of them, or the price needs to 10x. 1000 satsohis as 1 "Bitcoins" makes the current price easy to refer to in monetary terms people can handle - 26 cents.
Note that thirdies used to currencies like Yen and Ruble don't have this problem because they are already in huge quantities, essentially measured in their version of the lowest denominator.
tl;dr: Americans and their ilk are used to the concept of the "Dollar" being made up of 100 "Cents." This should be applied to Bitcoin price talk to make it easier to understand it as a currency.
sorry i'm a retard and had a "satoshi price converter" up and it was last updated in 2023
with the current price I think we can already move to using 100 Satoshis as "bitcoins" in conversation. That means one "bitcoins" is 10 cents.
This is a simple vocabulary trick. Have sites listing price use this vernacular as well. "Bitcoins" becomes a colloquial term for 100 satoshis and "a bitcoin" or a "whole coin" remains the more professional/non-retard term. The non-retards can handle this conversion whereas normies cannot, so it's smart to cater to them in the marketing.
Bitcoins cost ten cents, why don't you have any?