Boost and Burst: Bubbles in the Bitcoin Market

This study investigates bubbles and crashes in the cryptocurrency market. In particular, using the log-periodic power law, we estimate the critical time of bubbles in the Bitcoin market. The results indicate that Bitcoin bubbles clearly exist, and our forecast of critical times can be verified with...

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Detalles Bibliográficos
Autores principales: Lee, Nam-Kyoung, Yi, Eojin, Ahn, Kwangwon
Formato: Online Artículo Texto
Lenguaje:English
Publicado: 2020
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7302296/
http://dx.doi.org/10.1007/978-3-030-50371-0_31
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author Lee, Nam-Kyoung
Yi, Eojin
Ahn, Kwangwon
author_facet Lee, Nam-Kyoung
Yi, Eojin
Ahn, Kwangwon
author_sort Lee, Nam-Kyoung
collection PubMed
description This study investigates bubbles and crashes in the cryptocurrency market. In particular, using the log-periodic power law, we estimate the critical time of bubbles in the Bitcoin market. The results indicate that Bitcoin bubbles clearly exist, and our forecast of critical times can be verified with high accuracy. We further claim that bubbles could originate from the mining process, investor sentiment, global economic trend, and even regulation. For policy makers, the findings suggest the necessity of monitoring the signatures of bubbles and their progress in the market place.
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spelling pubmed-73022962020-06-18 Boost and Burst: Bubbles in the Bitcoin Market Lee, Nam-Kyoung Yi, Eojin Ahn, Kwangwon Computational Science – ICCS 2020 Article This study investigates bubbles and crashes in the cryptocurrency market. In particular, using the log-periodic power law, we estimate the critical time of bubbles in the Bitcoin market. The results indicate that Bitcoin bubbles clearly exist, and our forecast of critical times can be verified with high accuracy. We further claim that bubbles could originate from the mining process, investor sentiment, global economic trend, and even regulation. For policy makers, the findings suggest the necessity of monitoring the signatures of bubbles and their progress in the market place. 2020-05-26 /pmc/articles/PMC7302296/ http://dx.doi.org/10.1007/978-3-030-50371-0_31 Text en © Springer Nature Switzerland AG 2020 This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic.
spellingShingle Article
Lee, Nam-Kyoung
Yi, Eojin
Ahn, Kwangwon
Boost and Burst: Bubbles in the Bitcoin Market
title Boost and Burst: Bubbles in the Bitcoin Market
title_full Boost and Burst: Bubbles in the Bitcoin Market
title_fullStr Boost and Burst: Bubbles in the Bitcoin Market
title_full_unstemmed Boost and Burst: Bubbles in the Bitcoin Market
title_short Boost and Burst: Bubbles in the Bitcoin Market
title_sort boost and burst: bubbles in the bitcoin market
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7302296/
http://dx.doi.org/10.1007/978-3-030-50371-0_31
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