Just for fun, some statistics concerning the NEM subreddit:
- The NEM subreddit has 23% of the subscribers the NXT subreddit has.
- The NEM subreddit has 0.12% of the subscribers the Bitcoin subreddit has.
- The NEM subreddit has 23% of the subscribers the NXT subreddit has.
- The NEM subreddit has 0.12% of the subscribers the Bitcoin subreddit has.
If we multiply that with the market caps of those two currencies we pretty much exactly get an estimated market cap of $9 million for NEM (for both values).
If we calulacte the market cap of NEM with the size of this thread vs the old NXT thread we get: $6 million for NEM.
(talk about pulling numbers out of the hat )
Lets see. If that worked, we could pick coins that would give us bad numbers.
How many subscribers mintcoin reddit has? http://www.reddit.com/r/MintCoin/
and how many posts in mintoin btt thread? https://bitcointalk.org/index.php?topic=450381.0;topicseen
mintcoin market cap? $ 565,034
that gives us a market cap of .. ?
I think these kind of correlations are more incidental or random than they seem. Indeed, we all know that correlation does not imply causation, still we are very prone to getting fooled by randomness.
Here's a quite fascinating list of correlations outlining that point: http://www.tylervigen.com/
Are so annoying they get strangled or into fetish sex lol
