Public Perception of Buying and Selling Bitcoin Using Lexicon Sentiment Analysis

This study investigates public perceptions of Bitcoin (BTC) trading using sentiment lexicon analysis. The rapid growth of cryptocurrency trading has attracted significant public interest and investment, making it crucial to understand the sentiments and opinions surrounding BTC transactions. By employing sentiment lexicon methods, this research analyzes tweets and social media posts to determine public sentiment. The study aims to identify trends and patterns in public opinion, providing insights into how sentiment impacts BTC trading behavior. Preliminary results indicate a correlation between positive sentiment and increased trading activity, while negative sentiment correlates with market declines. This research contributes to a better understanding of the role of public sentiment in the volatile cryptocurrency market.

Publication Details

Journal
Telkom University
Published
2024-08-08
DOI
https://doi.org/10.34818/indojc.2024.9.2.980
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
0.00
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article

Public Perception of Buying and Selling Bitcoin Using Lexicon Sentiment Analysis

Telkom University
Blockchain Technology Applications and Security
article

Public Perception of Buying and Selling Bitcoin Using Lexicon Sentiment Analysis

article en

Abstract

This study investigates public perceptions of Bitcoin (BTC) trading using sentiment lexicon analysis. The rapid growth of cryptocurrency trading has attracted significant public interest and investment, making it crucial to understand the sentiments and opinions surrounding BTC transactions. By employing sentiment lexicon methods, this research analyzes tweets and social media posts to determine public sentiment. The study aims to identify trends and patterns in public opinion, providing insights into how sentiment impacts BTC trading behavior. Preliminary results indicate a correlation between positive sentiment and increased trading activity, while negative sentiment correlates with market declines. This research contributes to a better understanding of the role of public sentiment in the volatile cryptocurrency market.

Telkom University
Openalex Percentile: Top 47%
Blockchain Technology Applications and Security
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