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This paper isn't really about trading agents. There's no primary research or analysis. All of the equations, models and graphs are from other papers. In fact, m
by jackgavigan 11y ago
This paper isn't really about trading agents. There's no primary research or analysis. All of the equations, models and graphs are from other papers. In fact, most of this paper consist of summaries of findings from other papers, some of which are somewhat dubious. For example, the paper by Yelowitz and Wilson found positive correlation in Google Trends data for searches for "Bitcoin", "computer science" and "Silk Road" and concluded that "that programmers and criminals are the primary drivers of interest in Bitcoin".
One error jumped out at me. In the conclusion, the author asserts that "the volatility of Bitcoin is correlated with the CBOE VIX" but no evidence is presented to support that assertion. He seems to have misinterpreted one of the findings in the paper by MacDonell that found an inverse correlation between the price of Bitcoin and the VIX.
I'm not impressed.
Edit: Out of curiousity, I checked to see if there is any correlation between Bitcoin price volatility and the VIX from August 2010 to today. There isn't. https://twitter.com/JackGavigan/status/623836628960808960 https://twitter.com/JackGavigan/status/623836628960808960