Exactly the same as October 2017?

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It is incredible that we have not yet reached a maximum at the level of "interest over time" when it comes to the crypto world.
In fact, in the graph below, obtained in google trends, you can clearly see the peak in searches related to the term "BITCOIN", in red, and with the term "ETHEREUM" in blue.
As you can see, at the end of 2017 and beginning of 2018 we had an exaggerated peak, it is our ATH in terms of interest over time.

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Today we do not even reach 25% in BITCOIN and, we have to take into account that, at the present, BTC is rising...
I was hoping to find something else also on a relative level about the term "ETHEREUM" in comparison, since it is this one which is majorly moving DeFi to a great extent but it does not seem exaggerated either...

What does this tell us?

Well, as a positive view, it does not seem that we are reaching the maximum madness that will lead us to burst the bubble, as it already happened in 2018.
However, the mere fact of seeing what price levels we are moving at in this market, should be enough to attract the masses, like flies to a honeypot.
We are moving at levels of interest similar to those of October 2017, perhaps a little above... and we all know what happened next.
Is it possible that the Big Media still has not realized what is happening here?
Really, is exactly the same going to happen?
Again, doubts and more doubts assail me...
am I ready to sell? or should I wait a little longer...?


@toofasteddie

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

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9 comments
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If really the trend is following what happened in 2017/18 then November is going to be a blast!

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Agree, however I am reluctant to think it will repeat again

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(Edited)

The issue is whether we will see the maximum at the end of the year as it happened in 2017 and in 2013 or will it be the maximum in 2021. Do we repeat or not?

Because as you say, people's interest in bitcoin has diminished. People who know you no longer ask you like a few months ago.

It seems to me that the issue happens because large investors still need to accumulate bitcoin, when everyone has enough Bitcoin it will explode in 2020 or 2021

What do you think?

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I don't know, maybe you are right and still we are in the accumulation period

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The sad part is that often times retail investors are the latest to the party. Smart money is not searching for Bitcoin on google.

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(Edited)

The ECB and the Fed are going to have to make as if inflation matters to them, that will cause a crash in October, as always, but in stocks. Maybe I'm wrong but this is always a guess.

Usually crypto is decoupled with stocks, but I really think this time at least at the beginning it will drop too with the big panic it will create.

But, this time there are many many regular people that will be selling stocks and maybe going into crypto and this might reverse the path and give us a new crypto boom. So that your metric of google searches is a really good indicator for regular people that are going to sell stimulus checks stock investments and look for new places to invest in a dropping market, and we should look at it daily in the next months if we want to try and time the markets.

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