CoinGeko asks the same question on their webpage (see https://www.coingecko.com/en/coins/bitcoin), and is currently 73% thumbs up to 27% thumbs down.
Whilst on CMC’s you need to vote to see the results, on CoinGecko you see them beforehand, which may influence the vote, but has the advantage that data is captured on TheWayBackMachine if anyone wants to study the sentiment’s evolution and correlation to price tendencies (many missing sentiment data points though).
The question on those sites is pretty simplistic though, since "How do you feel about Bitcoin today?" can be read regarding multiple factors, or at least timeframes (i.e. how does one consider the price will vary today, how does on think today that price will vary over the next month, or whatever other specific meaning one may think off).
Perhaps it’s a simple "Are you feeling positive about bitcoin today?", which would be better, as it has a yes/no answer.
By the way, both sites ask about "Bitcoin", and not "bitcoin" (being pedant, they are asking about the bitcoin network and protocol).
Topic: How do you feel about Bitcoin today? - page 2. (Read 206 times)
Knowing that the sentiment is close to 60-40, it actually makes me more bullish. Though yea this voting thing from CMC might be a very inaccurate statistic on knowing how bullish/bearish the public are, knowing that near-half the people who picked the "Bad" option makes me feel like we're definitely not close to this bull market's peak. I'd be more bearish if the "Good" votes are at like 90% or so.
I agree.However, there are some points I would like to note (first for myself and second for someone who have interests in)
- Sample size is unknown. It is better if coinmarketcap.com can show the sample size at specific point one person click on vote and see updated results. Result has less meaning without given sample size.
- Sample population: Who will be people click on Vote? It is a simple question but is important for data interpretation. It will be the key factor to show how prepresentative the result is for the crypto or bitcoin investor population.
- It is somewhat similar to result from Google trend with Bitcoin search. People believe most of searchers are retail investors [1]
- Ignore two questions, with unknown factors, the result shows the market is on the way up and bearish period is here and would be expanded more.
[1] https://trends.google.com/trends/explore?date=today%205-y&q=bitcoin
It is rallying after a serious pull back.
Its hard to not be satisfied with todays rise in price but if you went trough 2017/18 faze you know its never good to let your guard down. We are so selfish when it comes to money seem to forget even the recent history.
Some time ago I noticed that CMC added an option that every 24 hours you can vote how you feel when it comes to BTC, and since it is certainly one of the most popular websites when it comes to statistics and price tracking I believe it has a representative sample which can pretty well show how people feel at some point.
Given that I personally got the impression that many are not happy with the price we have this year, I must admit that the results with the CMC confirm this - slightly less than half of voters obviously want a bigger correction, but I believe there are those who think we should have be at least at $100 000.
I know that the mood of the people changes with respect to the price, but I would ask you to vote based on your general opinion on whether you are happy that 1 BTC is worth almost $50 000, or you are among those who want that price to be at least half as low.
Given that I personally got the impression that many are not happy with the price we have this year, I must admit that the results with the CMC confirm this - slightly less than half of voters obviously want a bigger correction, but I believe there are those who think we should have be at least at $100 000.
I know that the mood of the people changes with respect to the price, but I would ask you to vote based on your general opinion on whether you are happy that 1 BTC is worth almost $50 000, or you are among those who want that price to be at least half as low.
I have sometimes mixed feelings are well.
I hope that we have a big correction, so I could buy it for a lower price... a huge discount.
But when Bitcoin really crashes, it is not that easy to buy. There is FUD everywhere. Everyone feels that the price may drop even more.
o, I think that even if the price goes to 20K, 25K USD, people would be affraid... then when btc price goes up again, people would be complaining that they didn't buy enough
Price is rising off a monthly average, its pretty sturdy to find this as a bottom price. What also I saw short term was a lower low but it might be more significant and catch a few off that we rose from monthly and did not reach the 50 day average as previous selling at Feb start fell to. So short term a few might be too negative and missing that if we put in a higher low on daily bars its showing price is more positive then thought (medium term). The proof will be to pass and confirm above the weekly measure around 49k, that encompasses most of the recent selling so exceeding that would seem to indicate that phase is diminished.
Anyway on this particular day Iam more positive for that reasoning, its still a changeable situation and we can sell later on today I can only say to watch or measure the strength of that selling after this recovery.
Anyway on this particular day Iam more positive for that reasoning, its still a changeable situation and we can sell later on today I can only say to watch or measure the strength of that selling after this recovery.
I feel good because I knew it, that the price of bitcoin will dump soon to enable people to believe that bitcoin is unpredictable. The reason why am not feeling bad about the dump few days ago is because i sold my coins last month, when the price of bitcoin hit $50k but now it has reduced to $40k which nobody knows what will happen to the price next week whether it will continue to dump or go back to it normal position that was giving customers joy.
Those who are waiting for the price of bitcoin to come down before they can buy, the time is loading, don't miss this great opportunity. The price of bitcoin will reduce to $20k before the end of this new month before it will finally move to $100k before the end of the year 2021.
Those who are waiting for the price of bitcoin to come down before they can buy, the time is loading, don't miss this great opportunity. The price of bitcoin will reduce to $20k before the end of this new month before it will finally move to $100k before the end of the year 2021.
There is an upward trend and the market price is again in green marks, also, the market value is again close to $50k. Definitely a good indicator. Congrats to those who invested in red marks not disregarding the capabilities and putting their trust in Bitcoin. That is an easy money for those who believed. To those who sold to save their losses, again, lesson is learned. The market is now more unpredictable and patterns we created based on its past is now no longer working. The market price could go up and down depending on the majority of transactions and market volume. So I guess it would be better to most of the times to still trust this industry despite of high market prices.
Knowing that the sentiment is close to 60-40, it actually makes me more bullish. Though yea this voting thing from CMC might be a very inaccurate statistic on knowing how bullish/bearish the public are, knowing that near-half the people who picked the "Bad" option makes me feel like we're definitely not close to this bull market's peak. I'd be more bearish if the "Good" votes are at like 90% or so.
Some time ago I noticed that CMC added an option that every 24 hours you can vote how you feel when it comes to BTC, and since it is certainly one of the most popular websites when it comes to statistics and price tracking I believe it has a representative sample which can pretty well show how people feel at some point.
Given that I personally got the impression that many are not happy with the price we have this year, I must admit that the results with the CMC confirm this - slightly less than half of voters obviously want a bigger correction, but I believe there are those who think we should have be at least at $100 000.
I know that the mood of the people changes with respect to the price, but I would ask you to vote based on your general opinion on whether you are happy that 1 BTC is worth almost $50 000, or you are among those who want that price to be at least half as low.
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