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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… Click to show full abstract
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:
emotional trading;
trading;
market;
finance;
trading cryptocurrency;
cryptocurrency market
Journal Title: Finance Research Letters
Year Published: 2020
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Journal Title: Finance Research Letters
Year Published: 2020
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!