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RE: Web Bot - Are We Putting Aside Logic Because We Want To Be Rich?

in #web7 years ago

I would look at web bots in general in the following manner. If you collected data on bitcoin and the average number of times the word "bitcoin" comes up last week is 1M, then today its 2M then you know interest in bitcoin has doubled. Now how many times do you also see "buy" or "sell" along with it. Then imaging being able to measure how many articles come out on bitcoin, are they positive or negative. Etc., etc.. this is definitely possible. Now Cliff High believes that people can see the future subconsciously, but I believe its just simply measuring data points and trends. If people believe bitcoin will go up then more people will buy and it goes up as a self fulfilling group dynamic. Not magical, not furtune telling, simple math. Sort of like a survey of who people will vote for ahead of a vote, if your survey is big enough and honest then you will know who is going to win. Web bots are like giant surveys and because people tend to post honestly its probably more accurate than a phone survey.