I just wanna know about what sentiment that you will be using it to support the creation of your data? Will you use the data that comes from the news site as the main fundamental to determine the sentiment from the market?
Are you focusing to play to build a market data for trading purpose? that's interesting to know what's your vision with your project and is there an MVP for the product?
Are you focusing to play to build a market data for trading purpose? that's interesting to know what's your vision with your project and is there an MVP for the product?
Hi, our base sentiment collects data from Twitter, Telegram and Reddit (more upcoming soon) and analyze it through machine learning (LSTM) with multilanguage data labelling (Chinese, English, Korean and Japanese). We also scrap news information daily as MVP for now. Intend to do it via better API for quicker information to arbitrage it.
As of now, we are using the data for backtesting and beta trading. We have received many challenges as a startup and especially to the question, how do we make money and what is our business model? We had our proof of concept where we able to translate crypto market sentiment as an indicator but it is not sufficient.
We will be providing premium signals for BTCR members in the near future after we tested it on a consistent basis. That being said, many would argue that keeping that "secret sauce" for ourselves or creating a market make based on our signals, but we are "leaning" more towards sharing data analytics to the Bitcurate users.
do you think your system can detect possible pump and dump coins? sometimes what the devs are promising are opposite to what is happening. also, what do you think would be the limitations of your software when it comes to predicting the price movement of an altcoin? and what are the possible strong points that your software may have to tackle the high price volatility in crypto?
1/ Pump and dump is definitely doable. But wouldn't be in our priority as the volume and liquidity is mostly fake.
2/ We did an analysis through price correlation with top 50 coins vs Github activities. We don't mind good correlation between dev activities vs price actions. We deprioritize on making more development on this area.
3/ Altcoins in our definition is anything besides Bitcoin. So far, based on our quant analysis; https://www.bitcurate.com/research/what-factor-impact-the-price-change-of-crypto-coins, there is a high correlation for market sentiment with crypto price movements. Still testing if we can make $ from these data points.
4/ High volatility is the strong reason why traders love crypto. Most likely, we will leverage on this to see if we can outperform this comparatively to index hodling.
