Bitcoin price vs Bitcointalk post/members
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Original post … [url=https://bitcointalk.org/index.php?topic=232865.msg2468691#msg2468691]https://bitcointalk.org/index.php?topic=232865.msg2468691#msg2468691[/url]
[quote]Based on the stats of this forum, I created a nice chart.
What we can see, it correlates nicely with the bitcoin price.However, some other conclusions can be made:
- the number of new posts stays relatively high compared to the previous bitcoin price spike in june 2011.
The data is still “fresh” but if this trend continues, we could say that the overall interest (‘talk’) about bitcoin has gone up and will stay at this high level. - a lot of new members during price rally’s, but this trend never continues. So the number of new members could maybe indicate a bubble effect?
- the number of page vieuws hit new records after the price spike. Sadly, we can’t compare to the june 2011 price spike (no data). What could be the explanation?
Any thoughts?
(If you want to do data mining, check the excel-file here: http://www.sendspace.com/file/atkufw
And maybe donate something for the effort Wink )[/quote]This is interesting because we were talking the other day about the correlation between how many times FTC is mentioned in trollbox vs FTC price and whether or not it would be practical to write a program to do what he’s done above (what we do manually) using trollboxarchive, the forum, tweets, google trends, etc. Apparently it is.
- the number of new posts stays relatively high compared to the previous bitcoin price spike in june 2011.
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[quote name=“Tuck Fheman” post=“15194” timestamp=“1371284153”]
Original post … [url=https://bitcointalk.org/index.php?topic=232865.msg2468691#msg2468691]https://bitcointalk.org/index.php?topic=232865.msg2468691#msg2468691[/url]This is very interesting.
[quote]Based on the stats of this forum, I created a nice chart.
What we can see, it correlates nicely with the bitcoin price.However, some other conclusions can be made:
- the number of new posts stays relatively high compared to the previous bitcoin price spike in june 2011.
The data is still “fresh” but if this trend continues, we could say that the overall interest (‘talk’) about bitcoin has gone up and will stay at this high level. - a lot of new members during price rally’s, but this trend never continues. So the number of new members could maybe indicate a bubble effect?
- the number of page vieuws hit new records after the price spike. Sadly, we can’t compare to the june 2011 price spike (no data). What could be the explanation?
Any thoughts?
(If you want to do data mining, check the excel-file here: http://www.sendspace.com/file/atkufw
And maybe donate something for the effort Wink )[/quote]This is interesting because we were talking the other day about the correlation between how many times FTC is mentioned in trollbox vs FTC price and whether or not it would be practical to write a program to do what he’s done above (what we do manually) using trollboxarchive, the forum, tweets, google trends, etc. Apparently it is.
[/quote] - the number of new posts stays relatively high compared to the previous bitcoin price spike in june 2011.
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I am curious how well a bot would do that monitored the trollbox and bought and sold in relation to how much ftc is mentioned.
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[quote name=“sl1982” post=“16137” timestamp=“1371558423”]
I am curious how well a bot would do that monitored the trollbox and bought and sold in relation to how much ftc is mentioned.
[/quote]I have wondered that myself. I think some of the bigger firms are doing that on Twitter but it requires huge mining power. These mining corps like Facebook and Google need lots of money to drill in to the minds of the masses and then a lot of hashing power in order to gain the insights; so not sure it’s feasible on a small scale because filtering out the noise would be too costly.