Relationship of social media talk and coin price

[Novicerypto]

How do you relate to social media data while you trade?

What do you think about this product? http://solume.io (social media analyzed and compared to price)

Would love to have feedback on both questions.

Thank you very much

[crabby]

Did you develop this project? I think it's a very interesting project, but I believe the way the data is collected an analyzed is the most important component of whether or not it will be effective. I read some articles a while back about how a group at MIT was trying to trade on the stock market only using data collected from Twitter and it seemed to perform reasonably well.

[mrbnson]

How do you relate to social media data while you trade?

What do you think about this product? http://solume.io (social media analyzed and compared to price)

Would love to have feedback on both questions.

Thank you very much

Well I perceive social media as a channel to engage customers/clients, an active well managed social media profile for a coin will almost always lead to greater success. In terms of using it when trading though I don't really, the only input would be that it could put me off if it were to be particularly poor. Second question sorry but I've not heard of it until now.