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Volume 16 Issue 2 - April 2020

  • 1. Modeling of bitcoin price prediction algorithm using deep learning

    Authors : Ann Maria Babu, Hari Priya, Jismin K Jose, Jiss Maria Jijo, Prince V Jose

    Pages : 44-49

    DOI : http://dx.doi.org/10.21172/1.162.07

    Keywords : Deep LearningBitcoinNeural NetworksRecurrent Neural Network

    Abstract :

    Prediction of future trends is always a difficult and curiosity-evolving task. Researchers and scientists are trying every second, every minute of their valuable day to forecast the future events of their particular research works. Here, we did a comparative analysis on the Bitcoin price prediction by comparing the researches done by several researchers and scientists. The world around us is changing and also the people around us are transforming themselves into the digital world. Digitalization has been one of the major aspects in this modern day society. Now, the modern day society is transforming into a cashless economy where it brings about the importance of cryptocurrencies. Cryptocurrency is an encrypted form of virtual currency that provides secure form of financial transaction without the involvement of any external agencies like Government, Reserve Bank etc. There exists several cryptocurrencies like Ethereum, Ripple, Litecoin, Dogecoin, Coinye etc. The first cyptocurrency was discovered in the year 2009 and it was named as the “first decentralized Cryptocurrency” i.e. “Bitcoin”. There was a huge hike and drop in the prices of Bitcoin for the past few years which was a hot topic of discussion in the field of media and public. Bitcoin price had a major rise in the year December 2017 and it had witnessed a downfall in the upcoming year. Since Bitcoin is one of the major research areas in the field of science and technology, researchers and scientists have been trying to find out many factors that make fluctuations in the prices of this digital currency. Bitcoin follows the approach of peer-to-peer technology and it is one of the innovative modes of payments. There is no authority governing the transactions owned by Bitcoin. The transactions details are stored and distributed in a public ledger called as blockchain. There are several records required for doing this barter form of exchange and each record is called as a block. There will not be any trace of people who are involved within this transaction network and this feature makes it more popular and beneficiary for the people who are using this. Here, our project will predict the future prices of bitcoin. This will be a milestone in the field of computer science and technology.

    Citing this Journal Article :

    Ann Maria Babu, Hari Priya, Jismin K Jose, Jiss Maria Jijo, Prince V Jose, "Modeling of bitcoin price prediction algorithm using deep learning", Volume 16 Issue 2 - April 2020, 44-49

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