It’s Better to Be Hated Than Ignored
According to the Watson’s Reports bot, bitcoin has the highest amount of negative hourly sentiment (11.5%). That’s to be expected given bitcoin’s dominance; haters gonna hate after all. A look at the runners-up in the positive and negative categories reveals some interesting entrants. The most positively mentioned coins are sia (20.6%), zclassic (19.5%), and digibyte (18.7%). Ubiq and stellar complete the top five.
In terms of negativity, after bitcoin it’s ethereum (6.1%), litecoin (5.3%), bitcoin cash (4.9%), and tenx (4.6%). Because the bot updates its analysis each hour, these trends are quite dynamic, with many cryptocurrencies, save for bitcoin, regularly trading places. Whether social analysis is an arbiter of market trends is a matter for investors to agonize over.
A Whole Lotta Bots
Public databases such as Twitter, which provide gigabytes of scrapable data in real-time, are ideal for bots to trawl. Coders have developed bots to analyze an investor’s returns if they were to automatically buy and sell on the advice of Twitter traders, for example. Other bots will tweet when the buy volume for a coin suddenly increases, or in the case of Telegram bot Crypler when a coin is added to an exchange. As AI and the use of bots increases, traders will increasingly take their signals from computers. For the time being, at least, the best traders still rely on a good dose of intuition and gut instinct, attributes which no bot can detect.
Dogecoin
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