4 ms·

Isn‘t this old news? There is research that says that if x percent of a group moves in one direction, the rest will predictably follow. Swarm study reveals this

Isn‘t this old news? There is research that says that if x percent of a group moves in one direction, the rest will predictably follow. Swarm study reveals this. And this can be observerd in human crowds as well. I was wondering if Crypto whales use this insight to create FOMO and make them buy shitcoins in their pump and dump schemes.

firtoz 2y ago
You may have something interesting here... If we represent: - the "price is rising or falling" as "a bull is approaching" - a combination of percentage stake + your buy price as "how close you are to the bull" (as in, how much you'd be impacted) - a sell action as "running in a particular direction" and so on, then that could perhaps be a decent model?
- taneq 2y ago
  One might assume that such a system would be more active in a bear market than a bull market. ;)
  - firtoz 2y ago
    Hmm... so we need to also simulate climbing trees (for some bear markets) and playing dead (for other bear markets) as well as running away and punching the head of the bear.
TheSpiceIsLife 2y ago
It’s no coincidence there’s a raging bull sculpture on Wall Street.
- lcnPylGDnU4H9OF 2y ago
  Presumably you’re joking, but I wanted to note that this is surely a coincidence. > The sculpture was created by Italian artist Arturo Di Modica in the wake of the 1987 Black Monday stock market crash. Late in the evening of Thursday, December 14, 1989, Di Modica arrived on Wall Street with Charging Bull on the back of a truck and illegally dropped the sculpture outside of the New York Stock Exchange Building. https://en.wikipedia.org/wiki/Charging_Bull https://en.wikipedia.org/wiki/Charging_Bull
  - Talanes 2y ago
    I wouldn't call that entirely coincidental. Di Modica picked a bull because it was a well understood metaphor for market optimism. The bull-run analogy, while not being central to the financial bull concept, has been applied to it plenty. See: https://upload.wikimedia.org/wikipedia/commons/thumb/3/36/Wall_Street_bubbles_-_Always_the_same_-_Keppler_1901.jpg/1920px-Wall_Street_bubbles_-_Always_the_same_-_Keppler_1901.jpg https://upload.wikimedia.org/wikipedia/commons/thumb/3/36/Wa...
  - taurknaut 2y ago
    Why else would you put a bull in front of the stock exchange except as commentary on assholes pitching bull markets? How could you possibly construe this as a coincidence?
    - lcnPylGDnU4H9OF 2y ago
      > assholes pitching bull markets Totally willing to believe I’m just naive about this; I don’t see what “bull market vs. bear market” has to do with the running of the bulls festival.
      - taurknaut 2y ago
        I imagine the original use of "bull market" was derived from this practice. If this isn't the case i have no clue myself.
        lcnPylGDnU4H9OF 2y ago
        Yeah, fair enough. Wikipedia has this, which I hadn’t found before: > The terms come from London's Exchange Alley in the early 18th century, where traders who engaged in naked short selling were called "bear-skin jobbers" because they sold a bear's skin (the shares) before catching the bear. This was simplified to "bears," while traders who bought shares on credit were called "bulls." The latter term might have originated by analogy to bear-baiting and bull-baiting, two animal fighting sports of the time. https://en.wikipedia.org/wiki/Market_trend https://en.wikipedia.org/wiki/Market_trend

firtoz 2y ago

You may have something interesting here... If we represent: - the "price is rising or falling" as "a bull is approaching" - a combination of percentage stake + your buy price as "how close you are to the bull" (as in, how much you'd be impacted) - a sell action as "running in a particular direction" and so on, then that could perhaps be a decent model?

taneq 2y ago
One might assume that such a system would be more active in a bear market than a bull market. ;)
- firtoz 2y ago
  Hmm... so we need to also simulate climbing trees (for some bear markets) and playing dead (for other bear markets) as well as running away and punching the head of the bear.

TheSpiceIsLife 2y ago

It’s no coincidence there’s a raging bull sculpture on Wall Street.

lcnPylGDnU4H9OF 2y ago
Presumably you’re joking, but I wanted to note that this is surely a coincidence. > The sculpture was created by Italian artist Arturo Di Modica in the wake of the 1987 Black Monday stock market crash. Late in the evening of Thursday, December 14, 1989, Di Modica arrived on Wall Street with Charging Bull on the back of a truck and illegally dropped the sculpture outside of the New York Stock Exchange Building. https://en.wikipedia.org/wiki/Charging_Bull https://en.wikipedia.org/wiki/Charging_Bull
- Talanes 2y ago
  I wouldn't call that entirely coincidental. Di Modica picked a bull because it was a well understood metaphor for market optimism. The bull-run analogy, while not being central to the financial bull concept, has been applied to it plenty. See: https://upload.wikimedia.org/wikipedia/commons/thumb/3/36/Wall_Street_bubbles_-_Always_the_same_-_Keppler_1901.jpg/1920px-Wall_Street_bubbles_-_Always_the_same_-_Keppler_1901.jpg https://upload.wikimedia.org/wikipedia/commons/thumb/3/36/Wa...
- taurknaut 2y ago
  Why else would you put a bull in front of the stock exchange except as commentary on assholes pitching bull markets? How could you possibly construe this as a coincidence?
  - lcnPylGDnU4H9OF 2y ago
    > assholes pitching bull markets Totally willing to believe I’m just naive about this; I don’t see what “bull market vs. bear market” has to do with the running of the bulls festival.
    - taurknaut 2y ago
      I imagine the original use of "bull market" was derived from this practice. If this isn't the case i have no clue myself.
      - lcnPylGDnU4H9OF 2y ago
        Yeah, fair enough. Wikipedia has this, which I hadn’t found before: > The terms come from London's Exchange Alley in the early 18th century, where traders who engaged in naked short selling were called "bear-skin jobbers" because they sold a bear's skin (the shares) before catching the bear. This was simplified to "bears," while traders who bought shares on credit were called "bulls." The latter term might have originated by analogy to bear-baiting and bull-baiting, two animal fighting sports of the time. https://en.wikipedia.org/wiki/Market_trend https://en.wikipedia.org/wiki/Market_trend