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Comment by submeta | Hacker News Reader

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.

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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?

One might assume that such a system would be more active in a bear market than a bull market. ;)

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.

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

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

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/Wa...

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?

> 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.

I imagine the original use of "bull market" was derived from this practice. If this isn't the case i have no clue myself.

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

I replied to a comment about crypto whale pump and dump schemes in a threat about predicting crowd behaviour in reference to running of the bull festival, which happens to be, at least loosely, couple to the idea of a raging bull. Wall St has a raging bull sculpture.

I feel dumber having just written that out. Don't they teach reading comprehension at school any more?

Unfortunately, I don’t see any words here that describe the relation. I would appreciate if you could point them out to me so I can give my comprehension skills another go.

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