Emotional trading in the cryptocurrency market

【Author】 Ahn, Yongkil; Kim, Dongyeon

【Source】FINANCE RESEARCH LETTERS

【影响因子】9.848

【Abstract】We quantify the emotional factors inherited in 2,050,280 posts on Bitcointalk.org and investigate the impact of emotion on Bitcoin price fluctuations. Future Bitcoin returns are not associated with emotional factors, but Bitcoin trading volume and return volatility are significantly predicted by a catalog of emotions. Emotions affect the total return variation process of investors, and thus may influence the financial market by inducing extraordinary price movements.

【Keywords】Emotion analytics; Bitcoin; Volatility

【发表时间】2021 OCT

【收录时间】2022-01-01

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