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Author Topic: Bitcoin Confidence Index?  (Read 1671 times)
Coinabul
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February 27, 2012, 07:00:22 PM
 #1

How interested would you be in this metric?

I'd design a survey that would attempt to gather the general consensus about where Bitcoin, and the Bitcoin economy, is heading. It wouldn't tell you where Bitcoin is going... But where Bitcoiners think it is going.
I know there is that Spaculator site, but that site only tells you about where Bitcoiners think the price is heading. Also it's more of a gambling game than anything else.

Let me know; if there is enough interest I'll make a survey and release the results every month.
Cheers,
-Jon

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February 27, 2012, 07:09:09 PM
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I would love this  Grin kind of temperature guage
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February 27, 2012, 07:13:01 PM
 #3

Color me interested.

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February 27, 2012, 07:51:16 PM
 #4

t wouldn't tell you where Bitcoin is going... But where Bitcoiners think it is going.
I know there is that Spaculator site, but that site only tells you about where Bitcoiners think the price is heading.

isn't that saying the same thing twice in a row?
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February 27, 2012, 07:52:41 PM
 #5

What about:
The BitcoinBullBear Index (BBBI)
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February 27, 2012, 07:59:29 PM
 #6

I think you could use the following factors:

- price
- price volatility
- number of merchants accepting Bitcoin
- number of Bitcoin transactions
- forum activity
- news reports/conferences
- asking people/polls

I'm not sure how this would actually translate into a number. I'm just suggesting.

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Coinabul
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February 27, 2012, 08:34:52 PM
 #7

Once again, that's only analyzing the Bitcoin price.

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February 27, 2012, 08:47:38 PM
 #8

I'm game!


Coinabul
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February 27, 2012, 08:52:28 PM
 #9

I think you could use the following factors:

- price
- price volatility
- number of merchants accepting Bitcoin
- number of Bitcoin transactions
- forum activity
- news reports/conferences
- asking people/polls

I'm not sure how this would actually translate into a number. I'm just suggesting.


I was thinking of also including the following categories, as stolen from the Consumer Confidence Survey:

Current business conditions
Business conditions for the next six months
Current employment conditions
Employment conditions for the next six months
Total family income for the next six months

I'll have to come up with a pretty extensive survey.


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February 27, 2012, 10:59:38 PM
 #10

Depending on where you post your questions, your either get straight across positive answers from cheerleaders, or straight across negative answers from all the rest that think Bitcoin is a pyramid scam. I'm not sure what the value would be from results that are signing to the quire so to speak. Maybe something that tells us how the rest of society outside our bubble of a forum thinks?

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February 27, 2012, 11:10:04 PM
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Depending on where you post your questions, your either get straight across positive answers from cheerleaders, or straight across negative answers from all the rest that think Bitcoin is a pyramid scam. I'm not sure what the value would be from results that are signing to the quire so to speak. Maybe something that tells us how the rest of society outside our bubble of a forum thinks?
Perhaps I could isolate results based on demographics and involvement in the Bitcoin community?

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February 27, 2012, 11:12:53 PM
 #12

Depending on where you post your questions, your either get straight across positive answers from cheerleaders, or straight across negative answers from all the rest that think Bitcoin is a pyramid scam. I'm not sure what the value would be from results that are signing to the quire so to speak. Maybe something that tells us how the rest of society outside our bubble of a forum thinks?
Perhaps I could isolate results based on demographics and involvement in the Bitcoin community?
+1!!!

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February 27, 2012, 11:14:39 PM
 #13

Depending on where you post your questions, your either get straight across positive answers from cheerleaders, or straight across negative answers from all the rest that think Bitcoin is a pyramid scam. I'm not sure what the value would be from results that are signing to the quire so to speak. Maybe something that tells us how the rest of society outside our bubble of a forum thinks?
Perhaps I could isolate results based on demographics and involvement in the Bitcoin community?
+1!!!

My one concern is, if this is done through a public poll, it will be trolled by something awful and the like relentlessly

Coinabul
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February 27, 2012, 11:16:49 PM
 #14

Depending on where you post your questions, your either get straight across positive answers from cheerleaders, or straight across negative answers from all the rest that think Bitcoin is a pyramid scam. I'm not sure what the value would be from results that are signing to the quire so to speak. Maybe something that tells us how the rest of society outside our bubble of a forum thinks?
Perhaps I could isolate results based on demographics and involvement in the Bitcoin community?
+1!!!

My one concern is, if this is done through a public poll, it will be trolled by something awful and the like relentlessly
Oh lord, it'd never be public. I've used a proxy back in the day myself!

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