RATE Group | Over 83% of Bitcoin Discussions Are ‘Positive’ on Reddit: New Study
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Over 83% of Bitcoin Discussions Are ‘Positive’ on Reddit: New Study

02 Aug Over 83% of Bitcoin Discussions Are ‘Positive’ on Reddit: New Study

Posted at 12:02h in Bitcoin News by

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Technology researchers Comparitech have used machine learning to analyze over 48k Reddit posts to determine which cryptocurrencies are viewed the most favourably. The study also included 7,500 articles from national and international news outlets.

Articles were scored based on positive and negative sentiment in relation to other articles included in the study.

Crypto chatter continues to spread

Talk about cryptocurrency in general started to increase in March 2017, when Bitcoin became more valuable than gold. This grew in volume to peak with bitcoin price in December 2017, only to fall away again as prices across the board started to tumble.

However, frequency jumped back to those peak levels in November 2018, when cryptocurrency prices were bottoming out. Since then cryptocurrency discussions on subreddits have surged, as prices have gone back up and Libra was announced.

Over 85% of online crypto discussions are positive

Although in general, people are more likely to write a negative…

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