What Do You Get When You Combine Bitcoin, Algos And Social Media? This…

What Do You Get When You Combine Bitcoin, Algos And Social Media? This…

Yeah, exactly. There were times, when I was doin' Bitcoin, that I actually felt retarded. Like really retarded. I brushed my teeth retarded. I rode the bus retarded. Swissquote Bank SA is going to go ahead and take full-crypto-retard to a new level (call it "full-er retard") with the launch of an actively managed Bitcoin certificate that relies on algos to move in and out of the digital currency based on "technical signals" derived from social media. And yes, I am serious. Apparently, they are
Subscribe or log in to read the rest of this content.

2 thoughts on “What Do You Get When You Combine Bitcoin, Algos And Social Media? This…

  1. So, does the algorithm interpret sentiment quantification just based on the use of key words associated with BitCoin (BC), or is it based on a human interface that interprets SM articles about BC and or just the comments on those articles? A large percentage of SM authors and commenters that I have come in contact with (and I probably track this more than most people) – actually have never used Bitcoin in any way. The next subset is the group who trades them, but doesn’t use BC for commercial transactions. The last subset are the very minor percentage that actually use BitCoin for commercial transactions. Except more than 60+ percent of those transactions are in China which does not actively participate in US based SM. The majority of the remaining 40% BC transactions are in Eastern Europe – well under 10% in the US. How does a predominately US driven SM conversation allow for a meaningful market movement algorithm analysis of the global BitCoin market movements? This seems like a remarkable uninformed effort to determine how the tail might wag the dog.

  2. Additionally, you may not need a “special algorithm” to track BitCoin activity in both social media and the internet. Google Trends is public platform that provides a good example of how many people are searching for different aspects of most any topic. For example I suspect the peaks and valleys in the Google Trends chart for “BitCoin price” probably tracks actual interest and price swings without any proprietary technology. (https://trends.google.com/trends/explore?date=today%203-m&q=BitCoin%20price)

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints