Measuring the Bitcoin Public Sentiment in Numbers
How do we measure something that's qualitative? Like the Bitcoin Public Sentiment, for example. The stats and data currently available on Bitcoin usage obtained from sites like Blockchain.info are largely - Quantitative data. These metrics can be used to measure the scope & vibrancy of the Bitcoin Ecosystem, such as transaction volume or network size. These technological measures, while extremely useful for measuring Bitcoin itself, cannot answer qualitative (I like to say squishy) questions about Bitcoin's public perception. - An excerpt from the "Bitcoin Public Sentiment Survey," by....
Related News
Welcome back to The Nightly Mint. While NFT volumes and general sentiment has been running low on steam thus far in March, the numbers are still comparable to Q4 2021 – which blew last year’s numbers out of the water. So while critics claim that NFTs are on their downfall, if we look at the […]
The recovery in the price of various crypto over the last week has been evident in various areas of the market, and the offshore premiums have not been let out. The offshore basis numbers also reflect the returning positive sentiment across both retail and institutional investors. This turn of the tide from the brutal June […]
While the price of XRP has been struggling with volatility, this downside performance might be starting to hinder sentiment across the market as on-chain activity gradually fades. During the bearish period, there has been a significant decline in activity on the XRP Ledger, which points to weakening sentiment among investors and users. Active Wallet Count […]
Wallet numbers are "BS" as a way of measuring bitcoin adoption, according to Jeremy Allaire, founder of Circle, the bitcoin buying and storage firm pitched at consumers. Bitcoin wallets can be easily generated by automated means and for myriad reasons, so their numbers are a poor estimate of bitcoin's popularity, Allaire said during a panel discussion at CoinDesk's first Expert Briefing in London yesterday. Allaire was joined by Elliptic co-founder James Smith, who agreed that wallet figures are a problematic way of tracking the cryptocurrency's growth. Smith discussed his firm's efforts....
It’s time for another edition of “By The Numbers.” This time, we’ll use a pseudonymous analyst’s numbers to find out if Tesla is in the red when it comes to their Bitcoin holdings. The caveat here is, if bitcoin’s price loses the $30K level, could Tesla’s board pressure Elon Musk into selling? And if they […]