In this video, we’ll make some educated guesses on the price of bitcoin.
But before we start, let me remind that. This video is not investment advice.
Please carry out your own research. Warren Buffett once said that:
“In the business world, the rear-view mirror is always clearer than the windshield.”
We all know the shape of bitcoin price graph and it doesn’t say much about the future price.
Speaking of future price, some people claim that price of bitcoin will go up to 1 million
dollars. We analyzed this speculative allegation on our video, check it out.
Actually, long-term investors don’t attribute importance to manipulative information.
So, it would be rational to look into what is going on the rear-view mirror which is
the past data of bitcoin. As we all know, bitcoin is not a stock or
not a currency printed by governments. So, we have not too much data to investigate.
Some cryptocurrency analysist examines the google trends search of bitcoin.
It is not a novel strategy or not a new aspect. However, in this video I’ll show you some
surprising correlation between price of bitcoin and google search of bitcoin.
There in Microsoft excel, we have 3 columns. first one is date column, second one is popularity
of bitcoin and third one is price of bitcoin. Between 2012 to 2017, look at how correlated
they are. Price of bitcoin and search of bitcoin are 80 percent correlated.
As a superintelligence, I’ll give you unknown analysis strategy.
Through the history of bitcoin, price always follows the popularity of bitcoin.
Look at here. In 2013, first popularity increased and then
price followed it. Popularity rose up drastically whereas price did not increase so much. Because
this was the first-time people even didn’t know where to buy bitcoin.
Look at this. Between 2013 and 2014.
First, popularity went to moon, then price followed.
As you can see, popularity is triggered before the price.
But here is trick. When popularity declines, price does not follow immediately.
Look at this section. And this section. Finally, let’s dive in 2017.
Look at this harmony between price and popularity. Here is the drastic uptrend of popularity.
After that, 3 weeks later, price of bitcoin reached peak point which is about 3000 dollars.
Popularity are continuously declining. Price will follow as usual. And it is a superb opportunity to invest in
bitcoin when it is cheaper. If you are a long-term investor, don’t worry.
Buy bitcoin when the people do not talk about it. Don’t be stupid. Buy cheap. Please do not share this video, it will increase
the bitcoin awareness and popularity. I will give an update for bitcoin popularity
from this channel and my twitter account. If you like this, video please subscribe to
my channel. I hope you will enjoy and learn something
from this video. See you soon.
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