ONLINE USERS AT POLONIEX BITCOIN PRICE correlation
🐒 I have started collecting data on online users at poloniex . I try to collect the data about the same time every day. I was thinking it would be interesting to see how the amount of users increase or decrease with the Bitcoin price .
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🐒 Perhaps when bitcoin tops out on the next run up we will see a large spike in users on Poloniex to help us pull the trigger and take some profit.
🐒 Users today are 55912 . Also the Bitcoin price is taken at the time the user reading is taken
This is a really cool study! What made you come up with the idea to look into this?
I know that a lot of the bitcoin that is purchased goes into altcoins so I wanted to put some data together to see how it may affect the btc price .
interesting...
Thanks peacekeeper
Guess most people where selling today. Kind of goes against what the trend was before. But more and more people using PoloniEx shows an increase in people interested in acquiring crypto's and you always need to buy first before you can sell. Hope the prices go: Up Up and away!
Hoping right along with you
Thanks for sharing..
Upvote and Resteem..
Dear friend @me-tarzan
Have a nice day 😊
Thank you for the resteem akiyoshi
You are welcome.^^
Good luck my friend..
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It makes sense. Whenever people see the price increase they hope on the hype train and buy buy buy. Then most of the time they get scared and flash sell when the trend reverses.
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