Work detail

Bitcoin as a leader of crypto-currencies: A predictability study

Author: Bc. Jakub Čížek
Year: 2015 - summer
Leaders: prof. PhDr. Ladislav Krištoufek Ph.D.
Consultants:
Work type: Bachelors
Language: English
Pages: 90
Awards and prizes:
Link: https://is.cuni.cz/webapps/zzp/detail/150032/
Abstract: ❚❤✐s ❜❛❝❤❡❧♦r t❤❡s✐s ❛♥❛❧②③❡s ❤✐❣❤ ❝♦rr❡❧❛t✐♦♥ ❜❡t✇❡❡♥ t❤❡ ♠♦♥♦♣♦❧✐st✐❝
❧❡❛❞❡r ♦❢ ❝r②♣t♦✲❝✉rr❡♥❝② ♠❛r❦❡t✱ ❇✐t❝♦✐♥✱ ❛♥❞ ✐ts ❢♦❧❧♦✇❡rs✱ s♦ ❝❛❧❧❡❞ ❛❧t✲
❝♦✐♥s✳ ❚❤❡ ✜rst r❡s❡❛r❝❤ q✉❡st✐♦♥ ❢♦❧❧♦✇s t❤❡ ❡✈❡r②❞❛② ❧✐❢❡ s✐t✉❛t✐♦♥ ♦❢ ❛
②♦✉♥❣❡r ❜r♦t❤❡r✱ tr②✐♥❣ t♦ ✐♠✐t❛t❡✱ ❢♦❧❧♦✇✱ ♦r ❡✈❡♥ ♦✉tr✉♥ ❤✐s ❡❧❞❡r✳ ❉♦ ❛❧✲
t❡r♥❛t✐✈❡ ❝r②♣t♦✲❝✉rr❡♥❝✐❡s ❢♦❧❧♦✇ t❤❡ ♣r✐❝❡ ❞❡✈❡❧♦♣♠❡♥t ♦❢ t❤❡✐r ❧❡❛❞❡r❄ ❖✉r
t❤❡s✐s ♣r❡s❡♥ts ♣♦s✐t✐✈❡ ❛♥s✇❡r t♦ t❤✐s q✉❡st✐♦♥✱ ❛s ❛♥❛❧②s✐s ♦❢ ❛❧❧ ❛❧t❝♦✐♥s ✐♥✲
❝❧✉❞❡❞ ✐♥ t❤✐s ♣❛♣❡r ✭▲✐t❡❝♦✐♥✱ ❘✐♣♣❧❡✱ P❡❡r❝♦✐♥ ❛♥❞ ❉♦❣❡❝♦✐♥✮ ♣r♦✈❡❞ str♦♥❣
❝❛✉s❛❧✐t② ❢r♦♠ t❤❡ ❇✐t❝♦✐♥✬s ♣♦✐♥t ♦❢ ✈✐❡✇✳ ❙✉❜s❡q✉❡♥t❧②✱ ✇❡ ❛♥❛❧②③❡❞ t❤✐s
r❡❧❛t✐♦♥s❤✐♣ ✐♥t♦ ❞❡❡♣❡r ❞❡t❛✐❧s ❢♦r ❡❛❝❤ ❝✉rr❡♥❝②✱ ✉s✐♥❣ ✈❡❝t♦r ❛✉t♦r❡❣r❡ss✐✈❡
♠♦❞❡❧ ❛♥❞ ❝♦♥s❡❝✉t✐✈❡ ✐♠♣✉❧s❡✲r❡s♣♦♥s❡ ❢✉♥❝t✐♦♥✳ ■♥ t❤❡ s❡❝♦♥❞ ♣❛rt ♦❢ t❤✐s
t❤❡s✐s ✇❡ ❜✉✐❧❞ ♦♥ ♦✉r ♣r❡✈✐♦✉s ✜♥❞✐♥❣s ✇✐t❤ t❤❡ ❢♦❧❧♦✇✐♥❣ r❡s❡❛r❝❤ q✉❡s✲
t✐♦♥✳ ▼❛② t❤❡ ♣r✐❝❡ ❞❡✈❡❧♦♣♠❡♥t ♦❢ ❛❧t❝♦✐♥s ❜❡ ❡✛❡❝t✐✈❡❧② ♣r❡❞✐❝t❡❞✱ ❜❛s❡❞
♦♥ t❤❡ ♣r✐❝❡ ❞❡✈❡❧♦♣♠❡♥t ♦❢ ❜✐t❝♦✐♥❄ ■♥ t❤✐s r❡❣❛r❞✱ ✇❡ ✉s❡❞ st❛t✐❝ ❢♦r❡❝❛st
✐♥ ❝♦♠❜✐♥❛t✐♦♥ ✇✐t❤ ❉✐❡❜♦❧❞✲▼❛r✐❛♥♦ t❡st✱ ❡✈❛❧✉❛t✐♥❣ ❢♦r❡❝❛st✐♥❣ ❛❝❝✉r❛❝②
♦❢ ♦✉r ♣r❡❝❡❞✐♥❣ ♠♦❞❡❧✱ ❝♦♠♣❛r❡❞ t♦ ❛❧t❡r♥❛t✐✈❡ ♣r❡❞✐❝t✐♦♥s ❡①❝❧✉❞✐♥❣ t❤❡
❜✐t❝♦✐♥✬s ♣r✐❝❡✳ ❚❤✐s ❛♥❛❧②s✐s r❡✢❡❝t❡❞ ✈❛r✐♦✉s ❣❡♥❡r❛❧❧② ✐♥s✐❣♥✐✜❝❛♥t r❡s✉❧ts
✇✐t❤ ❛ ❢❡✇ ❡①❝❡♣t✐♦♥s✱ ✐♥❞✐❝❛t✐♥❣ ♣r❡❞✐❝t❛❜✐❧✐t② ♣♦t❡♥t✐❛❧✳ ❈♦♥s❡q✉❡♥t❧②✱ ✇❡
❝❧❛✐♠ t❤❛t ❡✈❡♥ t❤♦✉❣❤ ✇❡ ♣r♦✈❡❞ s✐❣♥✐✜❝❛♥t ❜✐t❝♦✐♥ ❧❡❛❞❡rs❤✐♣✱ t❤✐s ❡✛❡❝t ✐s
❛♣♣❛r❡♥t❧② ♥♦t str♦♥❣ ❡♥♦✉❣❤ ❢♦r ❞❡✈❡❧♦♣♠❡♥t ♦❢ ♣r♦✜t❛❜❧❡ tr❛❞✐♥❣ str❛t❡❣②

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