Bulrun
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Bitcoin âBuy The Dipâ Mentality Disappears, Is Now Actually The Time To Buy?
Bitcoin Market Isnât Showing Any Interest In Buying This Dip
According to data from the on-chain analytics firm Santiment, the kind of FUD thatâs present in the Bitcoin market right now has historically provided good opportunities for the asset.
The indicator of interest here is the âsocial volume,â which measures the total amount of social media text documents that are currently talking about a given topic or term (like the name of a cryptocurrency).
The text documents here are a collection of text-based posts that Santiment has amassed from some popular social media websites like Reddit, Twitter, and Telegram.
To know whether one of these posts is talking about a topic or not, the metric runs a check against the term and finds if there is at least one mention present in the said document.
The condition of being just one mention means that posts that contain the term several times still carry the same weight as one that does it only once. The reasoning behind this restriction is that it provides for a more accurate representation of the trend in the market, as a few users canât easily skew the figure.
#Bitcoin #BTC #Bulrun #Halving2024
According to data from the on-chain analytics firm Santiment, the kind of FUD thatâs present in the Bitcoin market right now has historically provided good opportunities for the asset.
The indicator of interest here is the âsocial volume,â which measures the total amount of social media text documents that are currently talking about a given topic or term (like the name of a cryptocurrency).
The text documents here are a collection of text-based posts that Santiment has amassed from some popular social media websites like Reddit, Twitter, and Telegram.
To know whether one of these posts is talking about a topic or not, the metric runs a check against the term and finds if there is at least one mention present in the said document.
The condition of being just one mention means that posts that contain the term several times still carry the same weight as one that does it only once. The reasoning behind this restriction is that it provides for a more accurate representation of the trend in the market, as a few users canât easily skew the figure.
#Bitcoin #BTC #Bulrun #Halving2024
Trading resembles warfare due to the constant struggle against one's own emotions and impulses. Fear, greed, and impatience act as adversaries, aiming to sabotage your success. To triumph, traders must resist these temptations and adhere to their strategies diligently. It's a relentless confrontation with the psyche, where victory requires unwavering discipline and control.#Bulrun #BitEagleNews"
