What people end up searching on Google provides a raw insight into the real mindset, often revealing their interest, fear, and a host of other emotions about a particular topic.. To identify investor sentiment amid a bear market that has yet to bottom out, Cointelegraph took to the web to find out the most Googled questions about cryptocurrencies.
The top 10 crypto-related Google searches reveal an increase in curiosity among investors in general, represented by two “whys”, three “whats” and five “hows”. Let’s review the most crypto-related Google searches, from highest to lowest.
What are cryptocurrencies?
Even after thirteen years of disrupting traditional finance, the most popular question investors generally ask Google is, “What is cryptocurrency?” With a global search volume (GV) of 256,000, this Google search outperforms the second most crypto-related Google search by almost five (4.7) times.
This indicates the gap—and the vast reach—in educating the masses about cryptocurrencies. Nevertheless, Despite the obvious conflict of interest, crypto entrepreneurs around the world are putting aside their differences and agreeing that educating the masses about cryptocurrencies can serve as a catalyst for widespread adoption.
What is crypto?
The second most Googled question about cryptocurrencies is, surprisingly, just an iteration of the main question, which asks, “What is crypto?” The question registered a GV of 54,000, which, combined with its predecessor, reinforces the need to educate the masses about cryptocurrencies.
The question highlights the lack of understanding among the masses and the need to shorten the learning curve for new and aspiring investors.
How to invest in cryptocurrencies?
In the third place of the most popular searches on Google appears the first question related to investment: “How to invest in cryptocurrencies”. With a GV of 44,000, the Googled question shows the growing interest in cryptocurrency investments despite the prolonged bear market.
Keywords also highlight the need to simplify the cryptocurrency investment process.. This involves a redesign of trading platforms to make them more intuitive for new investors moving from traditional finance.
What is cryptocurrency mining?
Taking fourth place, with a GV of 37,000, is a Google search that, surprisingly, is the most natural when it comes to learning about the cryptocurrency ecosystem in depth: “What is cryptocurrency mining?”.
Investors with a basic understanding of the cryptocurrency ecosystem tend to try mining as a means of earning passive income through cryptocurrencies.. The idea of reusing an old computer to earn crypto by supporting the web is a popular pursuit, relevant from the early days of crypto. However, the available mining equipment has allowed novice miners to consider cryptocurrency mining as a viable career.
How to buy cryptocurrencies?
Given the growing popularity of cryptocurrencies, the search for “How to buy cryptocurrencies” ranks fifth as the most searched cryptocurrency-related keyword on Google. The VG of 36,000 shows the evident interest in buying cryptocurrencies.
Bear markets are often seen as perfect times to make high-yield investments. Given the drop in prices, existing and new investors are in a race to identify such investments as the market prepares to rally into a bull run.
Why are cryptocurrencies sinking?
The impact of protracted bear markets seeped into top Google searches as investors try to find answers to the question, “Why are cryptocurrencies crashing?” The 2022 bear market turned out to be catastrophic for several cryptocurrency ecosystems, wiping out millions of dollars overnight. As a result, the Google search represented a GV of 33,000.
The continued free fall in prices, coupled with the absence of any obvious support to cushion the fall, generated negative sentiment among investors around the world. Despite the losses, however, inflation in traditional finance has forced investors to reconsider Bitcoin (BTC) and other popular cryptocurrencies as a hedge against depleting purchasing power.
How do cryptocurrencies work?
An essential question investors are asking today — “How do cryptocurrencies work?” — ranks as the seventh most Googled question about cryptocurrencies, with a GV of 27,000.
Following the massive losses, the general public has varied on the inner workings of a cryptocurrency project. Understanding how cryptocurrencies (or a particular crypto project) works helps to uncover the hidden risks of investments.
Why are cryptocurrencies down?
With popular projects like Polygon making headlines for service disruptions, the general public is asking, “Why has cryptocurrency fallen?
With projects being forced to stop withdrawals and block funds for various reasons, investors tend to find answers online. This search making the top 10 list shows the unprecedented rise in service shutdowns. Untimely services and blockchain shutdowns are the main drivers of negative investor sentiment.
How to create a cryptocurrency?
For many, the idea of creating, trading and selling their own cryptocurrency seems better than investing in something created by others. “How to create a cryptocurrency” is the 9th most Googled term in the cryptocurrency space, with a GV of 14,000.
External services now allow anyone to launch their own tokens. However, merely launching a cryptocurrency without the goal of serving a use case is bound to fail in the long run.
How to trade cryptocurrencies?
Last on Google’s top 10 questions list is “How to trade cryptocurrencies,” with a GV of 13,000. Investors continue to research new ways to trade cryptocurrencies despite their increasing popularity.
Depending on the jurisdiction, cryptocurrency platforms have started to offer services tailored to the regulatory requirements of the region. As a result, investors must do their research to identify the most suitable platforms for cryptocurrency trading, while ensuring compliance with local laws.
Clarification: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information set forth herein should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.