BITMONDS AND GOOGLE TREND

Here we are today talking about an indicator that in my point of view represents a valid point of reference for analyzing the global interest in any project: Google Trends.
 
Have you never heard of it? Don't worry in this article I will explain step by step, everything you need to understand a graph produced by this google tool.
 
First of all, to access this tool, just type in the google search bar 'Google Trends', open the first site that will appear in the search results, and this page will open:

In the search bar you can write any term you are interested in and a graph will appear, showing the interest over time of this term based on searches made by various people on google in a given period of time.
 
What I did to have the first chart on the top of the page, was to simply type the term Bitmonds, and set the chart with a period of time from December 16th 2018 to the day I am writing this article, i.e. March 3rd 2020, choosing to include research from all the world. 

The result is the graph you see at the top of the page.
 
Before giving my personal interpretation, I would like you to understand how to read it, and to do it we try to understand what is the quantity measured, that is, the interest over time.
 
According to the definition of google, interest over time are the numbers that represent the search interest with respect to the highest point of the graph in relation to the region and period indicated. A value of 100 indicates the search frequency of the term, 50 indicates half of the searches. A score of 0, on the other hand, indicates that not enough data was collected for the term.
 
What does it mean? Google with its numeric values ​​does not tell us the number of searches carried out in a given period of time, but indicates with the term 100 the maximum number of searches of that term in the corresponding period of time, therefore if the interest over time in another point on the graph will assume the value 50 means that in that period of time the searches have been made half and so on.
 
Now that you understand how to read this chart I would like to give my interpretation on the interest generated by the Bitmonds project.
 
First of all, this graph shows the enormous potential of the project, in fact the only two active countries in the world are Italy and the United States, but if you look at the difference in activity between these two countries, you will be surprised, in fact Italy is accompanied by the number 100 and the United States from number 1. So guys the research activities related to the Bitmonds project are practically all from Italy, an infinitesimal part from the United States and 0 from the rest of the world .... This must be a great symptom optimism, in fact if we think that the explosion of the January market comes entirely only from Italy, imagine the potential of this project and how the generations could dramatically increase if some other nations will be also involved...

As for the trend of the graph, as was legitimate to expect the peak of activity had been reached in January, where a really nice growing trend accompanied this fantastic project. How to comment on the drop that starts from February to today, well we all know about the problems our beloved startup had, but let's remember that:

1) The project is still very young.
2) The project is still restricted, according to Google Trends, for the majority to the Italian territory.
3) The restart of generations as announced by Vanilla Rocket should be imminent.
4) The growing trend of interest which started at the end of October and culminated in mid-January is already showing the enormous potential of the project.

So despite this last negative period linked to some technical difficulties, in my humble opinion the Bitmonds holders have many reasons to be optimistic!

What do you think of this article? Do you agree with my analysis? Let me know in the comments.

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