Dynamic Analysis of Bitcoin Fluctuations by Means of a Fractal Predictor

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

1 Scopus citations

Abstract

Using of cryptocurrency has boomed in recent years, such as Bitcoin, Ethereum or Ripple. It is interesting to have a Bitcoin forecasting tool to try to understand the trends at global economic level. A virtual currency that can be used as a means of payment just like physical money. Any cryptocurrency uses peer-to-peer technology and is not controlled by any economic or political entity, such as a bank or government. In 2009, Bitcoin was conceived and was priced at 0.39 USD reaching its all-time high in 2017 with a price of 17,549.67 USD, i.e. 45 thousand times more in less than 10 years. This work focuses on predicting bitcoin-price trending will have in 2020 by using a Self-Affine Fractal Analysis as a tool of artificial intelligence. The results provided by present work in first 6 months agree with 98% with those actually obtained despite training only with data from first days of time series.

Original languageEnglish
Title of host publicationIntelligent Systems and Applications - Proceedings of the 2021 Intelligent Systems Conference IntelliSys
EditorsKohei Arai
PublisherSpringer Science and Business Media Deutschland GmbH
Pages791-804
Number of pages14
ISBN (Print)9783030821920
DOIs
StatePublished - 2022
Event Intelligent Systems Conference, IntelliSys 2021 - Virtual, Online
Duration: 2 Sep 20213 Sep 2021

Publication series

NameLecture Notes in Networks and Systems
Volume294
ISSN (Print)2367-3370
ISSN (Electronic)2367-3389

Conference

Conference Intelligent Systems Conference, IntelliSys 2021
CityVirtual, Online
Period2/09/213/09/21

Keywords

  • Bitcoin
  • Cryptocurrencies
  • Fluctuations
  • Fractal predictor
  • Self-affine analysis

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