Abstract:
The purpose of this study, is create a challenge and discussion concerning the
existence of information about the Bitcoin price and return, which suggests the
relationship of information and the strong performance it. The information trends
are available at different time periods and the summary data related to the statistical
descriptions for the price and return index are also discussed. In this paper we
show a significant correlation between the price trend and return in the Bitcoin
that has been confirmed by various statistical methodology. Using statistical tests
and reviewing trends and relationships between the variables, planning can be
done to invest in it and its performance or inefficiency can be tested. The results
of this research shows a significant and positive relationship between the price
and return of Bitcoin.
Machine summary:
Study and Research on the Six-Year Process of Bitcoin Price and Return Mehrzad Alijania, Bahman Banimahi b,*, Mehdi Madanchi Zajc aDepartment of Finance, College of Management and Economics, International Finance, Science and Research Branch, Islamic Azad University, Tehran, Iran bDepartment of Accounting, Karaj Branch, Islamic Azad University, Karaj, Iran cDepartment of Financial Management, E-campus Branch, Islamic Azad University, Iran ARTICLE INFO Article history: Received 07 September 2018 Accepted 16 January 2019 Keywords: Bitcoin,Trend information, Statistical test.
ABSTRACT The purpose of this study, is create a challenge and discussion concerning the existence of information about the Bitcoin price and return, which suggests the relationship of information and the strong performance it.
The information trends are available at different time periods and the summary data related to the statisti- cal descriptions for the price and return index are also discussed.
In this paper we show a significant correlation between the price trend and return in the Bitcoin that has been confirmed by various statistical methodology.
5 Discussion and Conclusions What matters in this study is the importance of examining the trend and information in the data on the price of Bitcoin, which, in spite of previous papers such as; Nadarajah and Chu [22] and Unquhart [29] model and information performance can be a major challenge.
We will also provide supplemental modelling and detailed examinations of models with statistical patterns by Bayesian approach, simulation and fuzzy analysis for Bitcoin data in future studies.
H. , On the return-volatility relationship in the Bitcoin market around the price crash of 2013.