A Notable Lack Of Retail Interest In Bitcoin

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This graph is from Google Trends and it shows interest in Bitcoin in the US in the last five years.

it is remarkable how little interest in Bitcoin has gone up. But then again the phase of the cycle we're in is the same as in December 2016 when there was a run during which the previous ATH from December 2013 was approached (to be breached in February 2017).

This is the price action from around Christmas four years ago to late summer 2017.

The winter peak was at $1130 on Jan 4 2017 after which there was a sell-off, a higher peak of $1289 two months later and another bear trap before the big run-up towards the summer peak of $3030 in early June. The final mega blow-off top was on December 16 2017.

STEEM bottomed out on March 10 2017 at 7 cents and it went up to over $2 by June, descended to about 80 cents in November before the epic runs of SBD to $14 and STEEM to $8 between late November 2017 and early January 2018.

I'm not expecting HIVE to behave like STEEM this time around. The silly speculation on SBD, which we have already seen, was the doing of crazy Korean speculators on Upbit. I'm not expecting anything like that on HIVE. Whether or not the market will get excited about HIVE in the late stages of next year's mega bull run in BTC will depend on the participation of retail investors in the speculation. It seems that not much retail interest is shown, yet, despite the much greater maturity and rate of adoption of the space.

Investing in coins like HIVE is out of reach of institutional investors. It's either retail or nobody. I will be keenly watching the retail sector come next year.

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