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The Empirical Analysis of Bitcoin Price Prediction Based on Deep Learning Integration Method

As a new type of electronic currency, bitcoin is more and more recognized and sought after by people, but its price fluctuation is more intense, the market has certain risks, and the price is difficult to be accurately predicted. The main purpose of this study is to use a deep learning integration m...

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Detalles Bibliográficos
Autores principales: Zhang, Shengao, Li, Mengze, Yan, Chunxiao
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Hindawi 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9205702/
https://www.ncbi.nlm.nih.gov/pubmed/35720892
http://dx.doi.org/10.1155/2022/1265837
Descripción
Sumario:As a new type of electronic currency, bitcoin is more and more recognized and sought after by people, but its price fluctuation is more intense, the market has certain risks, and the price is difficult to be accurately predicted. The main purpose of this study is to use a deep learning integration method (SDAE-B) to predict the price of bitcoin. This method combines two technologies: one is an advanced deep neural network model, which is called stacking denoising autoencoders (SDAE). The SDAE method is used to simulate the nonlinear complex relationship between the bitcoin price and its influencing factors. The other is a powerful integration method called bootstrap aggregation (Bagging), which generates multiple datasets for training a set of basic models (SDAES). In the empirical study, this study compares the price sequence of bitcoin and selects the block size, hash rate, mining difficulty, number of transactions, market capitalization, Baidu and Google search volume, gold price, dollar index, and relevant major events as exogenous variables uses SDAE-B method to compare the price of bitcoin for prediction and uses the traditional machine learning method LSSVM and BP to compare the price of bitcoin for prediction. The prediction results are as follows: the MAPE of the SDAE-B prediction price is 0.016, the RMSE is 131.643, and the DA is 0.817. Compared with the other two methods, it has higher accuracy and lower error, and can well track the randomness and nonlinear characteristics of bitcoin price.