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The Statistics of Bitcoin and Cryptocurrencies

Name: The Statistics of Bitcoin and Cryptocurrencies
Creator: Joerg Osterrieder
Keywords: 0502 economics and business, 05 social sciences

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type , Conference object 01 Jan 2016 Netherlands Publisher:Atlantis PressJournal:Advances in Economics, Business and Management Research (eissn: 2352-5428,

Authors: Joerg Osterrieder;

doi: 10.2991/icefs-17.2017.33 , 10.2139/ssrn.2872158 , 10.6084/m9.figshare.4270118.v1 , 10.6084/m9.figshare.4270118

The Statistics of Bitcoin and Cryptocurrencies

- Summary
- Metrics

Abstract

We show the statistical properties of the most important cryptocurrencies, of which Bitcoin is the most prominent example. We characterize their exchange rates versus the US Dollar by fitting parametric distributions to them. It is shown that returns are clearly non-normal, with standard heavy-taileddistributions giving good descriptions of the data. The results are important for investment and risk management purposes.

Country

Netherlands

Related Organizations

University of Twente
Netherlands
Zurich University of Applied Sciences
Switzerland
Zürcher Fachhochschule
Switzerland

Impact byBIP!

	citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	15
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Top 10%
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Top 10%
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Top 10%