Google Trends and Shorting Bitcoin by chrone

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bitcoin · @chrone · Sep 21 '17 (edited)

$1.44

Google Trends and Shorting Bitcoin

Now we saw the Business Insider [article](http://www.businessinsider.com/bitcoin-price-correlation-google-search-2017-9) on the price of Bitcoin and Bitcoin on google trends

> The current price of bitcoin has a 91% correlation with the volume of Google search requests for bitcoin-related terms, according to a study by SEMrush, a search engine marketing agency.

With the price not being able to break out and slowly trending down we could be heading for a bear market, one thing to note however that the overall trend is still bullish. If we are heading for a bear market lets look at google trends for shorting Bitcoin. Below is a snippet of google trends for shorting Bitcoin in the US. 

### US google trends on shorting Bitcoin
![short.png](https://steemitimages.com/DQmVzcJFipbVHVSych8mSC1A8sHguQMUc8T1LeKZwV2N64s/short.png)

![shortus.PNG](https://steemitimages.com/DQmWLCD7QARqZ8YonasaPxKAkZTu1at5oEs2sUuxRooT94n/shortus.PNG)

### Let's look at trends worldwide

![world.png](https://steemitimages.com/DQmd9LrNPQcvJZxnCiN2mzcnTsYpB4mbNexzAFcBWqVkUZP/world.png)

Seems like Singapore is hella bearish on Bitcoin while the US seems a little bit less pessimistic. I'm always a hodler but I like to short during bear markets in order to accumulate more BTC!

https://img.buzzfeed.com/buzzfeed-static/static/2014-01/enhanced/webdr07/3/13/anigif_enhanced-buzz-23665-1388774416-48.gif


Hope you got something out of this!

*This is not financial advice, do your own research before investing your hard earned money. If you felt you got something out of this please upvote, resteem, follow! Thank youu!*

👍 minnowbooster, chrone, stlcp, verydicey, cheftony, pagoda, ubg, bakerchristopher, resheep, upgoat, ansisltd

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@bakerchristopher · Sep 22 '17

$0.03

Just getting my head around all this. Thanks for the post.

👍 chrone

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@minnowbooster · Sep 21 '17

@minnowbooster upvoted this post!

![@chrone got you a $1.5 @minnowbooster upgoat, nice!](http://minnowshares.net/upgoat/?user=chrone&receiver=chrone&value=1.5&hash=911)
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---
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@steemitboard · Sep 21 '17

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