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VOL. 3, ISSUE 2 (2018)
Bitcoin price prediction
Authors
Anjum A Tadvi
Abstract
The present paper deals with the practical tools that enable the researcher to predict the future prices of Bitcoins. Bitcoins are very popular Cryptocurrencies. They have grown in prominence due to various factors which include the ease and cheap rates with which it can be used, transferred and stored. Bitcoins have also helped remove the intermediaries who are earning a significant commission for doing the above functions. Besides this, most people are attracted by the significant returns on the investments Bitcoins have given over last two years. Bitcoins have beaten all other forms of investments hands down, and despite the warning of trade Bubble, Bitcoins have come across as a real winner for investors. In 2018, Bitcoins prices have seen a reversal from uptrend to a significant downtrend. From a sub $20000 per Bitcoin, the prices have come down to sub $8000 in March 2018. Most of the investors have started to panic and selling off this asset in a bid to protect the profit. Unlike the stock market, no research is carried on the expected prices of Bitcoins. This study aims to determine the future rates of Bitcoins in coming years using the scientific method of waves.
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Pages:1112-1114
How to cite this article:
Anjum A Tadvi "Bitcoin price prediction". International Journal of Academic Research and Development, Vol 3, Issue 2, 2018, Pages 1112-1114
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