At the beginning of the year, me and two of my colleagues were discussing, our luck playing with crypto-currencies, after a while we started to joke about, how cool it would be if we could just go few years back and stack up on it, we would be millionaires now....and that is the moment when the abstract IDEA was BORN.
Obviously, we did not go to the past, maybe we went a little the opposite direction.
We designed the research to identify the main factors affecting public opinion on the market and once you know that, it shouldn't be very hard to make an educated investment, right?
We have used two main novel techniques:
First we extracted 2 million 200 thousand tweets that are mentioning bitcoin, and ranked every single word from these posts, by its frequency, this method is called term frequency analysis.
Next thing was to assign a value to every word from the post ranging from -5 for words having negative meaning to +5 for very positive ones.This technique is called sentiment analysis.
After finishing those two tasks, we were provided with plenty of insights regarding market behaviour......
If you want to find out what happened next, please upvote and resteem.
Feedback is welcome and appreciated.