A while ago I created a social media scorecard which scores coins based on their social media sentiment (Twitter, Google, Reddit and Github). So far the results of this are pretty good (about +134% first week for top 3 coins, 113% second week). Though in my own opinion scorecard should be used as a support signal, these are interesting results. Maybe somewhat superfluous but im completely aware that this sample size is way to small to make significant claims, and that these results do not guarantuee anything for the future.
Basis for starting this project are these papers
Algorithmic Trading of Cryptocurrency Based on Twitter Sentiment Analysis
http://cs229.stanford.edu/proj2015/029_report.pdfThis paper predicted the hour to hour sign change of the bitcoin price using Logistic Regressions, Naive Bayes and SVM.
Predicting Fluctuations in Cryptocurrency Transactions Based on User Comments and Replies
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4988639/Im curious as to what your experience is on trading on social media? Do you use it and in what way?
In case one is interested in the full report I use, it is available at
www.AltcoinAnalytics.com