Cryptocurrency: A Sentiment Analysis from Twitter Data
DOI:
https://doi.org/10.58968/ift.v1i1.359Keywords:
Cryptocurrency, Sentiment, Twitter, Big DataAbstract
Islam regulates everything perfectly, even the smallest things are regulated in Islam. With the development of technology, quantity and innovation of financial and economic products, it is necessary to study products that are in accordance with Islamic law. There are several studies that examine cryptocurrency in the view of Islamic law and have even reached the stage of proposing a cryptocurrency model that is in accordance with sharia. The purpose of this study is to analyze the sentiment generated from the opinions of users of the Twitter social media application regarding cryptocurrency. The data analyzed consisted of 18,304 using the keyword cryptocurrency. The method used is a qualitative approach with descriptive statistics from the study of cryptocurrency-themed literature. The results showed that neutral sentiment was the most frequent result with a percentage of 91%, followed by negative sentiment of 6.1%, and positive sentiment of 2.9%. The diversity of sentiment results is due to the pros and cons of cryptocurrency.
References
Abubakar, M., Hassan, M. K., & Haruna, M. A. (2019). Cryptocurrency tide and islamic finance development: Any issue? International Finance Review, 20(January 2020), 189-200. https://doi.org/10.1108/S1569-376720190000020019
Amsyar, I., Christopher, E., Dithi, A., Khan, A. N., & Maulana, S. (2020). The Challenge of Cryptocurrency in the Era of the Digital Revolution: A Review of Systematic Literature. Aptisi Transactions on Technopreneurship (ATT), 2(2), 153-159. https://doi.org/10.34306/att.v2i2.96
Brahimi, B., Touahria, M., & Tari, A. (2021). Improving sentiment analysis in Arabic: A combined approach. Journal of King Saud University-Computer and Information Sciences, 33(10), 1242-1250.
DeVries, P. (2016). An Analysis of Cryptocurrency, Bitcoin, and the Future. International Journal of Business Management and Commerce, 1(2), 1-9.
Hakim, B. A. H., Mujahidah, A. S., & Rusydiana, A. S. (2022). Sentiment analysis on Halal certification. Harmoni, 21(1), 78-93.
Jain, N. (2019). A New World of Virtual Currency: Cryptocurrency. Proceedings of 10th International Conference on Digital Strategies for Organizational Success.
Li, X., & Wang, C. A. (2017). The technology and economic determinants of cryptocurrency exchange rates: The case of Bitcoin. Decision Support Systems, 95, 49-60. https://doi.org/10.1016/j.dss.2016.12.001
Maulida, S. (2022). A Twitter Sentiment Analysis on Circular Economy. Business and Sustainability, 1(1).
Misbah, R. (2021). Virtual Currencies & Islamic Law: Origin, Features and Sharia Rulings. Journal of Legal, Ethical and Regulatory Issues, 24 (Special Issue 1), 1-10.
Mnif, E., & Jarboui, A. (2021). Islamic, Green, and Conventional Cryptocurrency Market Efficiency During the Covid-19 Pandemic. Journal of Islamic Monetary Economics and Finance, 7(1), 167-184. https://doi.org/10.21098/jimf.v7i0.1315
Rabbani, M. R., Khan, S., & Thalassinos, E. I. (2020). FinTech, blockchain and Islamic finance: An extensive literature review. International Journal of Economics and Business Administration, 8(2), 65-86. https://doi.org/10.35808/ijeba/444
Riani, R., & Rusydiana, A. S. (2023). Exploring Sentiment Analysis of Sustainable Finance Initiatives: A Text Mining Approach. Accounting and Sustainability, 2(1).
Ruslianor Maika, M., Fidiana, F., & Kautsar, I. A. (2019). Modeling dinar and dirham digital currency for Islamic commercial transaction. Test Engineering and Management, 81(11-12), 1333-1343.
Siswantoro, D., Handika, R., & Mita, A. F. (2020). The requirements of cryptocurrency for money, an Islamic view. Heliyon, 6(1), e03235. https://doi.org/10.1016/j.heliyon.2020.e03235
Virgana, R. A. E., Saudi, M. H. M., & Sinaga, O. (2019). Conceptual Research: Sharia-based Cryptocurrency. August.
Wątorek, M., Drożdż, S., Kwapień, J., Minati, L., Oświęcimka, P., & Stanuszek, M. (2021). Multiscale characteristics of the emerging global cryptocurrency market. Physics Reports, 901, 1-82. https://doi.org/10.1016/j.physrep.2020.10.005
Yussof, S. A., & Al-Harthy, A. M. H. (2020). Cryptocurrency As An Alternative Currency In Malaysia: Issues and Challenges. ICR Journal, 9(1), 48-65. https://doi.org/10.52282/icr.v9i1.137
Zulhuda, S., & Sayuti, A. (2017). WHITHER POLICING CRYPTOCURRENCY IN Malaysia Keywords: cryptocurrency, Bitcoin, digital money, electronic commerce, regulations Keywords: crypto currency, Bitcoin, digital money, electronic commerce, regulations. Whither Policing Cryptocurrency in Malaysia, 25(2), 179-196.
