As you might know from my previous posts i am discussing the results which i have obtained with my colleague performing novel method of research on twitter participants by analyzing User generated content.
If you are curious about the method, you can look up the posts that i have published prior to this article.In this one i am going to discuss a two more factors, that has significant affect on market.In many cases findings may seem self explanatory, however knowing exactly what to look for, enables traders make better informed decisions before anyone else.
Here i am bringing my beloved graph once again.
Starting where i left of yesterday we roll back to September 4th 2017.I encourage my readers to compare my findings with historical price data on coinmarketcap.com to understand the value of this research results.
We can see that the main thing discussed on twitter was total ICO's ban in China, being one of the most powerful economies and large contributor to crypto market, China's decision to impose full ban on ICO's certainly stirred the soup for investors and traders around the globe, once again bringing the market down and causing uncertainty.
As we have observed many times in the past, news in crypto world does not come by one...September 12th more bad news followed up.CEO of 4th largest bank in U.S. expressed his extremely negative opinion on cryptos publicly which was followed by 4% decline in btc price right after.
On top of that we heard that North Korea's government is evading Economic sanctions imposed by international community, by using Bitcoin, it was confirmed that North Korean hackers are responsible for numerous hacks and cases of ransomware in South Korea.
Tomorrow i am going to discuss the two remaining spikes and after finishing i am going to share the conclusions and insights that we were able to come up with after evaluating all the results.
Stay tuned.
Thank you for reading.
Feedback is welcome and appreciated.
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The solution to the bitcoin's future price movement (and for him and all others) is a equation with a lot of unknowns that are still changing every day.
It is not just about product, competition, supply, and demand, but about things that are not related to business (fear banks, governments, social networks,ordinary people, entrepreneurs etc.).All are in fear. Horror...
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