RE: SEC S16-W5 || Navigating the STEEM Token
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