Estimation of the success of bitcoin as cryptocurrency

Jesús Álvarez Cedillo, Teodoro Álvarez Sánchez, Mario Aguilar Fernandez, Raul Sandoval Gomez, Andrés Calvillo Téllez

Producción científica: Contribución a una revistaArtículorevisión exhaustiva

Resumen

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.

Idioma originalInglés
Páginas (desde-hasta)3597-3607
Número de páginas11
PublicaciónJournal of Theoretical and Applied Information Technology
Volumen97
N.º23
EstadoPublicada - 15 dic. 2019

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