Top 10 Frequently Googled Questions About Cryptocurrency

Top 10 Frequently Googled Questions About Cryptocurrency

Cryptocurrency
January 2, 2023 by Diana Ambolis
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What people ultimately look for on Google offers unfiltered insights into true thinking, frequently disclosing their interest in, fear of, and a variety of other emotions around a specific topic. We combed through the web to discover the most commonly Googled queries concerning cryptocurrencies to gauge investor mood amid a bear market that has yet
Top 10 Frequently Googled Questions About Cryptocurrency

What people ultimately look for on Google offers unfiltered insights into true thinking, frequently disclosing their interest in, fear of, and a variety of other emotions around a specific topic. We combed through the web to discover the most commonly Googled queries concerning cryptocurrencies to gauge investor mood amid a bear market that has yet to reach its bottom.

Two “Whys,” three “Whats,” and five “Hows” are among the top 10 cryptocurrency-related Google queries, indicating that regular investors are becoming more curious. Let’s go through the most popular cryptocurrency-related Google searches in order of popularity.

Describe cryptocurrencies

Even now, thirteen years after cryptocurrencies began upending traditional finance, “What is cryptocurrency?” is the most frequently asked Google query by ordinary investors. This Google search dominates the second most crypto-related Google search by approximately five (4.7) times, with a 256,000 global search volume (GV). 

This demonstrates the need for, and the considerable scope of, public education regarding cryptocurrency. Despite the apparent conflict of interest, crypto entrepreneurs from around the world set aside their disagreements and concur that raising awareness of cryptocurrencies among the general public can act as a catalyst for widespread adoption.

Describe crypto

Surprisingly, the second most popular cryptocurrency query on Google is a variation of the first query, which is “What is crypto?” Combined with its predecessor, the question’s GV of 54,000 reinforces the case for teaching the general public about cryptocurrency.

The question draws attention to the general public’s ignorance and the need to reduce the learning curve for novice and aspiring investors.

How to buy cryptocurrencies?

“How to invest in cryptocurrencies” is the first investment-related query that ranks among the top three Google searches. The Googled question, which has a GV of 44,000, demonstrates the growing interest in cryptocurrency investing despite the protracted down market. The keywords also draw attention to the need to streamline cryptocurrency investment. This suggests that trading systems should be redesigned to make them easier for novice investors switching from traditional finance.

Why do crypto mining?

The fourth-ranked Google search, “What is crypto mining,” has a GV of 37,000 and is the most logical next step when studying the cryptocurrency ecosystem in-depth.

Investors with a basic understanding of the cryptocurrency ecosystem often consider the mining as a way to use cryptocurrencies to generate passive income. A standard search that dates back to the early days of cryptocurrencies is the idea of using an old computer to earn cryptocurrencies by supporting the network. However, pre-built mining rigs have made it possible for new miners to consider cryptocurrency mining a feasible profession.

How to purchase cryptocurrencies?

Given the growing interest in cryptocurrencies, “How to acquire cryptocurrency” ranks fifth among searches for cryptocurrency-related terms on Google. The GV of 36,000 indicates a clear desire to buy bitcoins. Many times, bear markets are seen as the ideal moment to make high-yield investments. As the market prepares to recover into a bull run, existing and new investors are racing to identify such opportunities given the lowering prices.

Why is crypto falling?

Numerous crypto ecosystems suffered irreparable damage due to the 2022 bear market, which saw millions of dollars disappear overnight. As investors looked for an answer, Google’s top search for “why is crypto crashing?” was impacted by protracted bear markets. Thus, a GV of 33,000 was indicated by the Google search.

Negative investor mood spread throughout the world due to the prices’ continuing freefall and the lack of visible support to buffer the fall. Despite the losses, investors have been forced to reevaluate using Bitcoin (BTC) and other well-known cryptocurrencies as hedges against declining purchasing power due to inflation in traditional finance.

How do cryptocurrencies operate?

With a GV of 27,000, “How does cryptocurrency function,” a crucial query posed by today’s investors, ranks as the ninth most Googled question about cryptocurrencies.

After significant losses, the public perception of a cryptocurrency project’s inner workings has changed. Understanding how cryptocurrencies (or a specific cryptocurrency project) operate enables investors to become aware of any potential hidden risks.

What’s up with crypto?

The general public queries, “Why is crypto down,” leading to a GV of 21,000 due to notable projects like Polygon consistently making headlines for service interruptions.

Investors frequently turn to the internet for solutions when projects are compelled to halt withdrawals and freeze funds for various reasons. The fact that this search made the top 10 list demonstrates the enormous rise in service shutdowns. The leading causes of unfavorable investor sentiment are delayed services and blockchain outages.

The creation of a cryptocurrency

Many believe developing, promoting, and selling their cryptocurrency is preferable to buying something already set. With a GV of 14,000, “how to establish a cryptocurrency” is currently the ninth most popular Google search in the cryptocurrency industry.

Nowadays, anyone may launch their coins thanks to off-the-services. But simply starting a cryptocurrency without intending to address a use case will ultimately fail.

Also, read – What Are The Legal Risks And Issues With NFT Investment

What is cryptocurrency trading?

“How to trade cryptocurrency” is the tenth most popular Google query, with a GV of 13,000, coming in last. Despite the widespread acceptance of cryptocurrencies, investors continue to look into new ways to trade them.

Crypto platforms have begun to offer services suited to the region’s regulatory requirements based on the countries. Investors must research the best media for trading cryptocurrencies while maintaining compliance with local legislation.