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Predicting Fluctuations in Cryptocurrency Transactions Based on User Comments and Replies.

Authors :
Kim, Young Bin
Kim, Jun Gi
Kim, Wook
Im, Jae Ho
Kim, Tae Hyeong
Kang, Shin Jin
Kim, Chang Hun
Source :
PLoS ONE; 8/17/2016, Vol. 11 Issue 8, p1-17, 17p
Publication Year :
2016

Abstract

This paper proposes a method to predict fluctuations in the prices of cryptocurrencies, which are increasingly used for online transactions worldwide. Little research has been conducted on predicting fluctuations in the price and number of transactions of a variety of cryptocurrencies. Moreover, the few methods proposed to predict fluctuation in currency prices are inefficient because they fail to take into account the differences in attributes between real currencies and cryptocurrencies. This paper analyzes user comments in online cryptocurrency communities to predict fluctuations in the prices of cryptocurrencies and the number of transactions. By focusing on three cryptocurrencies, each with a large market size and user base, this paper attempts to predict such fluctuations by using a simple and efficient method. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
19326203
Volume :
11
Issue :
8
Database :
Complementary Index
Journal :
PLoS ONE
Publication Type :
Academic Journal
Accession number :
117507344
Full Text :
https://doi.org/10.1371/journal.pone.0161197