TY - JOUR
T1 - Estimation of the success of bitcoin as cryptocurrency
AU - Cedillo, Jesús Álvarez
AU - Sánchez, Teodoro Álvarez
AU - Fernandez, Mario Aguilar
AU - Sandoval Gomez, Raul
AU - Téllez, Andrés Calvillo
N1 - Publisher Copyright:
© 2005 – ongoing JATIT & LLS
PY - 2019/12/15
Y1 - 2019/12/15
N2 - Bitcoin is a currency and a digital system. As currency serves for everything that any currency serves, without belonging to a government entity that issues and supports it, is based entirely on the digital system that was designed by its creator, Satoshi Nakamoto. The Bitcoin does not belong to any country or government; and since its creator is anonymous and decided that his invention was a free license, it does not belong to any individual or private company. Also, those who keep their platform running are the users themselves. Investing in bitcoins is precisely the same as making investments with other currencies; the principles are basic: buy cheap and sell expensive and with it is possible to obtain again, but in the case of digital currency there are important considerations because it is a virtual currency. The first of these is its volatility. The price of a bitcoin fluctuates several times during the day in greater magnitude than other currencies or stocks, which is a risk for most, but an opportunity for speculators who know their markets. In this work, an estimation of the success of this cryptocurrency was made in the next ten years. A complete mathematical analysis is shown based on time series.
AB - Bitcoin is a currency and a digital system. As currency serves for everything that any currency serves, without belonging to a government entity that issues and supports it, is based entirely on the digital system that was designed by its creator, Satoshi Nakamoto. The Bitcoin does not belong to any country or government; and since its creator is anonymous and decided that his invention was a free license, it does not belong to any individual or private company. Also, those who keep their platform running are the users themselves. Investing in bitcoins is precisely the same as making investments with other currencies; the principles are basic: buy cheap and sell expensive and with it is possible to obtain again, but in the case of digital currency there are important considerations because it is a virtual currency. The first of these is its volatility. The price of a bitcoin fluctuates several times during the day in greater magnitude than other currencies or stocks, which is a risk for most, but an opportunity for speculators who know their markets. In this work, an estimation of the success of this cryptocurrency was made in the next ten years. A complete mathematical analysis is shown based on time series.
KW - Bitcoin
KW - Cryptocurrencies
KW - Economic Forecasts
KW - Financial System
KW - Micropayments
UR - http://www.scopus.com/inward/record.url?scp=85079242423&partnerID=8YFLogxK
M3 - Artículo
AN - SCOPUS:85079242423
SN - 1992-8645
VL - 97
SP - 3597
EP - 3607
JO - Journal of Theoretical and Applied Information Technology
JF - Journal of Theoretical and Applied Information Technology
IS - 23
ER -