Over the years, I've found myself getting further into trading. The main reason I wanted to get into it was to appreciate the art or science behind it and not as a means of earning. I've always found mining to be "safer" despite being slow and drawn out, it is the system that appeals to me.
There are numerous indicators used to predict market price and the one that I've been trying to understand lately is the correlation between buzz and price action. Naturally, Twitter is the best place to detect the amount of public interest an asset is gaining but much like wash trading, there's also wash buzzing.
During the mega pump after the AMA with Huobi, there was a lot of attention on the Hive community. In that period, just about anybody that was anybody in the crypto world was either directly tweeting about us or alluding to us through indirect statements. Life was good and the price soared.
Then we hit the peak, and the price started dropping. Some say it was wash trading, and they're probably right, but the buzz coincidentally dropped as well in the period leading to the current price we're at now. We're still a little bit away from our all-time low, and I doubt we'll be getting there anytime soon but do you think this will translate to reduced internet chatter?
However, considering how Steem has been rallying in recent times, despite having next to zero internet presence, and only a few bots/bottish people talking about it, it is safe to say that buzz is just a small part of price determinants. Do you think it is possible for someone to optimise buzz vs price action to the point where they can get quality predictions from it?
