Last week I posted a list containing ranking of the subreddit members. I'm creating this list to provide a data point that may help traders.
Here's the ranking for today:
Did I miss any popular subreddit for a coin? Let me know! I'll update the ranking in a few days again.
what do you think about this late bitcoin price reduction. and how the bitcoin price prediction in 2018, whether it is down or vice versa.
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I think it will go back to $20000 soon. But, people are starting to realize that other coins like ethereum,ripple are better. And a lot of new markets are opening where you don't need to buy bitcoin to trade altcoins. Instead you buy ethereum and buy something else for that.
For this reason, I see bitcoins rise slowing down in the long run. And I think Ethereum is extremely undervalued relative to Bitcoin now.
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if reddit subs are an indicator of value, that'd make dogecoin a steal at $0.008 a coin
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It would seem that way. I don't have any data to back this up, but I would guess that dogecoin subscribers tend to be younger and might have less capital on hand to work with in general. My 9 year old son talks about dogecoin, but he isn't your average kid haha. I love the coin though, and the community is super friendly and creative. Just one mans humble opinion.
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Wow that's funny. A 9 year old talking about crypto and out of them DOGE. This is why I think DOGE will be $1 in 10 years
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I hope you are right my friend!
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I think it's only one of the indicators of value. I really believe having a good community is good for a coin in long term. If you look at the subreddit, they have huge giveaways for making promotional videos. Stuff like this is like a marketing tool. And the best thing is that it'll come from within the community.
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I agree, a healthy reddit is a good sign. If dogecoin were on binance I would pick some up.
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Interesting stuff. I have thought about that before but never thought to compile the numbers. Dogecoin has a huge community! It's also worth noting that the bitcoin markets sub has a substantial number of subscribers.
I found the data you compiled to be thought provoking and plan to share a link with tomorrow mornings headlines at https://honeybadgerdaily.com/ I hope that you don't mind, Cheers!
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Yes! Dogecoin surprised me with their following. I did know that it started as a joke on reddit few years back and they did stuff like sponsoring a race car etc. But even as a fun meme posting community , I see those subscribers as a huge asset.
Another thing is that you can buy 100,000 DOGE with about $1000 . In the top 50 coin list it's like the second cheapest in terms of price per coin. So I see the community could push the coin higher.
I don't mind you sharing the stuff. But I would appreciate if you could link my twitter handle. twitter.com/etherinsight
I plan to a lot more analysis and post both here and on twitter.
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The link to the article will be up for 1-2 days as it cycles through the site. I can post a permanent link on the site to your twitter handle in the twitter section if you would like? In return would you kindly tweet a link out to the site, I would be so grateful.
I will follow you here and on twitter and look forward more interesting stuff from you. Nice to meet you!
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Once you have a link, I'll link it to my twitter. Hopefully we can cross share in the future too.
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Got your twitter handle linked in the twitter section and your article will be in tomorrows headlines. Likewise on sharing in the future!
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