RE: SEC S16-W5 || Navigating the STEEM Token
That's really great to know your perspective about sentimental analysis and that's great that before moving on questions asked you have given all view of the topic by explaining sentiment in your own word sentiment is basically attitude of people which could be general users or investors towards the particular thing and if people are attracting towards a particular thing then it means that there is a positive sentiment and if people attention is distracting from a particular thing then it means that it is an negative sentiment that is going to create so here we are particularly talking about sentiment world which is used in cryptocurrency and that's why it is very significant to talk about sentiment analysis.
I extremely agree with you that example you have explained that suppose if there is a new app which is introduced at steem blockchain and where there are exceptional features that are beneficial for its uses it is providing then it would be a source of attracting new and new people with a passage of time and it will make the blockchain more stronger.
Your analysis was really very helpful to know the understanding of the topic were providing and you have successfully implement relative strength index which is the tool for making technical analysis and you have truly elaborated that in green colour there is over buying and in red colour there is over selling so these are basically positive and negative sentiment and buying and selling opportunities for investors and by keeping in mind they can make the investment decisions.
I really enjoyed your content you have truly elaborated I wish you good luck in this challenge...
I'm glad you found my perspective on sentiment analysis helpful. Sentiment analysis is all about understanding people's attitudes towards something, whether it's positive or negative. And you're right, it's super important in the world of cryptocurrency, where people's sentiments can have a big impact.
For example, let's say there's a new app introduced on the Steem blockchain with awesome features that users find beneficial. This positive sentiment will attract more and more people over time, making the blockchain stronger and more vibrant.
And yeah, I also talked about the Relative Strength Index (RSI) in my analysis. It's a tool used for technical analysis, and it helps determine if something is being overbought (green) or oversold (red). These colors represent positive and negative sentiment, respectively.
Understanding sentiment is key in the crypto world, as it can give us insights into market trends and help us make informed decisions. So, it's definitely worth talking about sentiment analysis. Thank you so much for your support and good wishes, I very much appreciate.
I want to say that I am very thankful to you that in such an active way you respond on my comment with such kind of detail and extensiveness.
I am happy that again you have elaborated sentiment analysis in your words that it's positivity and negativity is depends upon attitude of the people what they are showing about the particular currency so if you are observing positive sentiment then it means that it is a good strategy to invest and if you are observing a negative sentiment then you should also take help from other technical analysis tools so that you may make more informed decisions.
You are also talking about relative strength index and in my last participation I have also thought about this tool that it is one of the most necessary and most widely used while making the technical analysis as well as you have clearly elaborate with the pictorial demonstration and now it is clear to everyone that which colour is showing which type of trend.
I agree with you that sentiment is one of the most important thing for making decisions related to investment in Crypto world and without it no one can investor think to move on and to make different decisions.
It was great pleasure to be at your post and to support your perspective because everything was very clear and understandable. Thank you so much for appreciating my comment too