What is the Reddit community saying about Crypto? Weekly update #4
Every week I check what the Reddit Community is saying about crypto. I do this by scraping the comments of the daily discussion of the Cryptocurreny Reddit page (with over 690.000 readers) using Python. In total over 1.566 comments were placed on the 14th of June. I compare the comments with past weeks. Here are the results:
|May (26th) Top 10||June (5th) Top 10||June (14th) Top 10|
|1. Bitcoin (114x)||Bitcoin (125x)||Bitcoin (97x)|
|2. Crypto (65x)||Crypto (73x)||Up (80x) ⇧|
|3. Buy (59x)||Market (68x)||Market (77x)|
|4. Market (58x)||Buy (62x)||Buy (75x)|
|5. Up (57x)||Money (47x)||Crypto (74x) ⇩|
|6. Money (43x)||Blockchain (47x)||Nano (55x) ⇧|
|7. Down (40x)||Coin (46x)||Ethereum (55x) ⇧|
|8. Coins (36x)||Sell (38x)||Price (50x) ♦|
|9. Ethereum (34x)||IOTA (32x)||Money (50x) ⇩|
|10. Nano (34x)||Nano (28x)||Neo (41x) ♦|
The table above shows the top 10 words used in the comments of the 14th of June and previous dates (4th of June and 26th of May). As we saw last time the top 10 roughly remains the same. As always, Bitcoin is the most mentioned word on the daily discussion (97x). New words in the top 10 are: Price (50x) and Neo (41x). As the prices dropped significant the past week this is an often mentioned topic. But the term Up (81x) is the second most used term, so perhaps the community is expecting the market to go up. Also Nano (55x) and Ethereum (55x) are mentioned more than the past weeks. Other currencies mentioned besides Bitcoin, Nano and Ethereum are: Neo (41x), Tether (33x), EOS (23x) and Litecoin (15x). EOS is mentioned a lot more once again, this is probably because the voting threshold of 15% was reached this day. Other discussion terms mostly seem to concern trading/the market like: Buy (75x), Down (39x), Bought (34x), Bear (24x), Sell (23x), Holding (23x) and Invest (22x).
Next week I will once again compare the results to previous findings and try to add context to the results. Until next week!