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BitCoin meets Google Trends and Wikipedia: Quantifying the relationship between phenomena of the Internet era

Overview of attention for article published in Scientific Reports, December 2013
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About this Attention Score

  • In the top 5% of all research outputs scored by Altmetric
  • High Attention Score compared to outputs of the same age (98th percentile)
  • High Attention Score compared to outputs of the same age and source (96th percentile)

Mentioned by

news
5 news outlets
blogs
1 blog
twitter
30 X users
wikipedia
1 Wikipedia page
googleplus
6 Google+ users

Citations

dimensions_citation
683 Dimensions

Readers on

mendeley
641 Mendeley
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Title
BitCoin meets Google Trends and Wikipedia: Quantifying the relationship between phenomena of the Internet era
Published in
Scientific Reports, December 2013
DOI 10.1038/srep03415
Pubmed ID
Authors

Ladislav Kristoufek

Abstract

Digital currencies have emerged as a new fascinating phenomenon in the financial markets. Recent events on the most popular of the digital currencies--BitCoin--have risen crucial questions about behavior of its exchange rates and they offer a field to study dynamics of the market which consists practically only of speculative traders with no fundamentalists as there is no fundamental value to the currency. In the paper, we connect two phenomena of the latest years--digital currencies, namely BitCoin, and search queries on Google Trends and Wikipedia--and study their relationship. We show that not only are the search queries and the prices connected but there also exists a pronounced asymmetry between the effect of an increased interest in the currency while being above or below its trend value.

X Demographics

X Demographics

The data shown below were collected from the profiles of 30 X users who shared this research output. Click here to find out more about how the information was compiled.
Mendeley readers

Mendeley readers

The data shown below were compiled from readership statistics for 641 Mendeley readers of this research output. Click here to see the associated Mendeley record.

Geographical breakdown

Country Count As %
Germany 4 <1%
Switzerland 3 <1%
Portugal 2 <1%
Brazil 2 <1%
Indonesia 1 <1%
Italy 1 <1%
Hong Kong 1 <1%
Australia 1 <1%
Israel 1 <1%
Other 5 <1%
Unknown 620 97%

Demographic breakdown

Readers by professional status Count As %
Student > Master 127 20%
Student > Ph. D. Student 90 14%
Student > Bachelor 83 13%
Researcher 40 6%
Student > Doctoral Student 25 4%
Other 81 13%
Unknown 195 30%
Readers by discipline Count As %
Economics, Econometrics and Finance 169 26%
Business, Management and Accounting 97 15%
Computer Science 61 10%
Social Sciences 27 4%
Engineering 17 3%
Other 53 8%
Unknown 217 34%
Attention Score in Context

Attention Score in Context

This research output has an Altmetric Attention Score of 80. This is our high-level measure of the quality and quantity of online attention that it has received. This Attention Score, as well as the ranking and number of research outputs shown below, was calculated when the research output was last mentioned on 07 January 2021.
All research outputs
#524,181
of 25,193,883 outputs
Outputs from Scientific Reports
#5,772
of 138,505 outputs
Outputs of similar age
#5,145
of 321,146 outputs
Outputs of similar age from Scientific Reports
#20
of 628 outputs
Altmetric has tracked 25,193,883 research outputs across all sources so far. Compared to these this one has done particularly well and is in the 97th percentile: it's in the top 5% of all research outputs ever tracked by Altmetric.
So far Altmetric has tracked 138,505 research outputs from this source. They typically receive a lot more attention than average, with a mean Attention Score of 18.7. This one has done particularly well, scoring higher than 95% of its peers.
Older research outputs will score higher simply because they've had more time to accumulate mentions. To account for age we can compare this Altmetric Attention Score to the 321,146 tracked outputs that were published within six weeks on either side of this one in any source. This one has done particularly well, scoring higher than 98% of its contemporaries.
We're also able to compare this research output to 628 others from the same source and published within six weeks on either side of this one. This one has done particularly well, scoring higher than 96% of its contemporaries.