Bitcoin: A life in crises

In this study, we investigate the BTC price time-series (17 August 2010–27 June 2021) and show that the 2017 pricing episode is not unique. We describe at least ten new events, which occurred since 2010–2011 and span more than five orders of price magnitudes ($US 1 –$US 60k). We find that those even...

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Detalles Bibliográficos
Autores principales: Tarassov, Jevgeni, Houlié, Nicolas
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2022
Materias:
Research Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9524670/
https://www.ncbi.nlm.nih.gov/pubmed/36178889
http://dx.doi.org/10.1371/journal.pone.0274165
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author Tarassov, Jevgeni
Houlié, Nicolas
author_facet Tarassov, Jevgeni
Houlié, Nicolas
author_sort Tarassov, Jevgeni
collection PubMed
description In this study, we investigate the BTC price time-series (17 August 2010–27 June 2021) and show that the 2017 pricing episode is not unique. We describe at least ten new events, which occurred since 2010–2011 and span more than five orders of price magnitudes ($US 1 –$US 60k). We find that those events have a similar duration of approx. 50–100 days. Although we are not able to predict times of a price peak, we however succeed to approximate the BTC price evolution using a function that is similar to a Fibonacci sequence. Finally, we complete a comparison with other types of financial instruments (equities, currencies, gold) which suggests that BTC may be classified as an illiquid asset.
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spelling pubmed-95246702022-10-01 Bitcoin: A life in crises Tarassov, Jevgeni Houlié, Nicolas PLoS One Research Article In this study, we investigate the BTC price time-series (17 August 2010–27 June 2021) and show that the 2017 pricing episode is not unique. We describe at least ten new events, which occurred since 2010–2011 and span more than five orders of price magnitudes ($US 1 –$US 60k). We find that those events have a similar duration of approx. 50–100 days. Although we are not able to predict times of a price peak, we however succeed to approximate the BTC price evolution using a function that is similar to a Fibonacci sequence. Finally, we complete a comparison with other types of financial instruments (equities, currencies, gold) which suggests that BTC may be classified as an illiquid asset. Public Library of Science 2022-09-30 /pmc/articles/PMC9524670/ /pubmed/36178889 http://dx.doi.org/10.1371/journal.pone.0274165 Text en © 2022 Tarassov, Houlié https://creativecommons.org/licenses/by/4.0/This is an open access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
spellingShingle Research Article
Tarassov, Jevgeni
Houlié, Nicolas
Bitcoin: A life in crises
title Bitcoin: A life in crises
title_full Bitcoin: A life in crises
title_fullStr Bitcoin: A life in crises
title_full_unstemmed Bitcoin: A life in crises
title_short Bitcoin: A life in crises
title_sort bitcoin: a life in crises
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9524670/
https://www.ncbi.nlm.nih.gov/pubmed/36178889
http://dx.doi.org/10.1371/journal.pone.0274165
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