Live data from Hacker News

Bitcoin sentiment analysis

bitcoinscope.com

1–10 of 17 posts

Re: Bitcoin sentiment analysis

#4
post #3

With everyone anticipating an even bigger crash and given all the bad news in May it's surprising bitcoin has remained relatively stable. http://www.washingtonpost.com/blogs/wonkblog/wp/2013/05/31/w...

What a surprisingly naive post from Timothy! The reason these events did not affect Bitcoin's price is simply because they are all (except 1) affecting mostly the US market, wich is a tiny fraction of the worldwide Bitcoin market.

As to the Coinlab vs. MtGox lawsuit, people know that these companies care about Bitcoin above anything else, so they won't let the lawsuit affect it. Eg. if people started panic-selling, you can bet they would work a settlement to stop the panic.

Re: Bitcoin sentiment analysis

#5
post #3

With everyone anticipating an even bigger crash and given all the bad news in May it's surprising bitcoin has remained relatively stable. http://www.washingtonpost.com/blogs/wonkblog/wp/2013/05/31/w...

It's the same cycle Bitcoin has been in for the past few years. The price is stable, but when the hype train starts running it goes on a ride for a month or so until it runs out of steam, and the price eventually stabilizes again. This is a good time to buy.

Re: Bitcoin sentiment analysis

#7
Awesome.

Is there a way to overlay the price? Also, it may be because it has just launched, but it would be cool to see a longer history with overlaid price.

Why stop at bitcoin? I'm sure the infrastructure you've developed can adapt to different keywords (company/product names).

Re: Bitcoin sentiment analysis

#8
post #4
post #3

With everyone anticipating an even bigger crash and given all the bad news in May it's surprising bitcoin has remained relatively stable. http://www.washingtonpost.com/blogs/wonkblog/wp/2013/05/31/w...

What a surprisingly naive post from Timothy! The reason these events did not affect Bitcoin's price is simply because they are all (except 1) affecting mostly the US market, wich is a tiny fraction of the worldwide Bitcoin market. As to the Coinlab vs. MtGox lawsuit, people know that these companies care about Bitcoin above anything else, so they won't let the lawsuit affect it. Eg. if people started panic-selling, y…

> What a surprisingly naive post from Timothy! The reason these events did not affect Bitcoin's price is simply because they are all (except 1) affecting mostly the US market, wich is a tiny fraction of the worldwide Bitcoin market.

While there is a clear trend towards globalization of Bitcoin underway, the USA historically and currently, dominates the lion's share of the market. [1][2]

[1] http://bitcoinstatus.rowit.co.uk/countryHostsMonth.png

[2] http://www.zerohedge.com/news/2013-05-27/mapping-bitcoins-gl...

Re: Bitcoin sentiment analysis

#9
post #4
post #3

With everyone anticipating an even bigger crash and given all the bad news in May it's surprising bitcoin has remained relatively stable. http://www.washingtonpost.com/blogs/wonkblog/wp/2013/05/31/w...

What a surprisingly naive post from Timothy! The reason these events did not affect Bitcoin's price is simply because they are all (except 1) affecting mostly the US market, wich is a tiny fraction of the worldwide Bitcoin market. As to the Coinlab vs. MtGox lawsuit, people know that these companies care about Bitcoin above anything else, so they won't let the lawsuit affect it. Eg. if people started panic-selling, y…

> the US market, wich is a tiny fraction of the worldwide Bitcoin market

How do you come to this conclusion? Take a look at the volume on bitcoincharts. mtgoxUSD is beating the pants off everything in terms of volume. It also loses tons of volume after the seizure on the 17th. This is pretty consistent with the idea that most BTCers are in the United States (most of the exchange volume is BTCUSD) and their behavior changed drastically right when Dwolla was seized (the volume died after the 17th).

Re: Bitcoin sentiment analysis

#10
post #3

With everyone anticipating an even bigger crash and given all the bad news in May it's surprising bitcoin has remained relatively stable. http://www.washingtonpost.com/blogs/wonkblog/wp/2013/05/31/w...

A lawsuit over who owns MtGox's US-focused business can be viewed as a bullish signal – people fight more over valuable things.
Post reply on HN