Making sense of chaos? Algos scour social media for clues to crypto moves

[Anonymous No.14830830]

https://www.reuters.com/article/us-crypto-currencies-algos-insight/making-sense-of-chaos-algos-scour-social-media-for-clues-to-crypto-moves-idUSKCN1UC0HX?il=0

>After months of relative calm in cryptocurrency markets, bitcoin exploded back into life in April with its sharpest price jump in over a year - but few people could convincingly explain why.

>For some, the answer lies on social media. Hedge funds and asset managers seeking an edge are training computers to scrape social media sites for triggers that could move the price of digital currencies.

>Their goal: crafting algorithms capable of picking out price “signals” from the background noise of sites ranging from Reddit and WeChat to Twitter and Telegram.

[Anonymous No.14830854]

They'd be using specific keywords related to sentiment, either negative or positive and latching onto numerical amounts people are claiming to have.

You could literally shill an algorithm into buying your coin if you spam these sites effectively enough.

[Anonymous No.14831373]

>>14830830
The money is in controlling the sentiment not reading it

[Anonymous No.14831455]

>>14830830

[Anonymous No.14831566]

>>14831455
So long story short stock supplies and buy a rifle