Bitcoin: A life in crises

Jevgeni Tarassov and Nicolas Houlié

PLOS ONE, 2022, vol. 17, issue 9, 1-16

Abstract: In this study, we investigate the BTC price time-series (17 August 2010–27 June 2021) and show that the 2017 pricing episode is not unique. We describe at least ten new events, which occurred since 2010–2011 and span more than five orders of price magnitudes ($US 1 –$US 60k). We find that those events have a similar duration of approx. 50–100 days. Although we are not able to predict times of a price peak, we however succeed to approximate the BTC price evolution using a function that is similar to a Fibonacci sequence. Finally, we complete a comparison with other types of financial instruments (equities, currencies, gold) which suggests that BTC may be classified as an illiquid asset.

Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0274165 (text/html)
https://journals.plos.org/plosone/article/file?id= ... 74165&type=printable (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:plo:pone00:0274165

DOI: 10.1371/journal.pone.0274165

Access Statistics for this article

More articles in PLOS ONE from Public Library of Science
Bibliographic data for series maintained by plosone ().