Do Lunar Cycles Affect Bitcoin Prices?

Ugurcan Erdogan; Alperen Berk Isildar; Tugba Gurgen Erdogan; Fuat Akal

doi:10.1007/978-3-031-27099-4_21

Do Lunar Cycles Affect Bitcoin Prices?

Ugurcan Erdogan
, Alperen Berk Isildar
, Tugba Gurgen Erdogan
, Fuat Akal

Bilgisayar Yazılımı Anabilim Dalı

Hacettepe University

Araştırma sonucu: Kitap/Rapor/Konferans Bildirisinde Bölüm › Konferans katkısı › bilirkişi

Özet

People may want to benefit from other areas besides scientific and financial-based methods when making investment decisions. For example, it is thought that the lunar cycles guide the investors in some way and this is reflected in the stock market prices. In this paper, we examined the most dominant coin on the cryptocurrency exchange, Bitcoin, and observed the effects of the lunar cycles on its price. We compared Bitcoin opening and closing prices at the beginning and end of the lunar cycles by using McNemar’s test. As a result of our analyses, we concluded that the lunar cycles have no statistically significant impact on Bitcoin price changes.

Orijinal dil	İngilizce
Ana bilgisayar yayını başlığı	Computational Intelligence, Data Analytics and Applications - Selected papers from the International Conference on Computing, Intelligence and Data Analytics ICCIDA
Editörler	Fausto Pedro García Márquez, Akhtar Jamil, Süleyman Eken, Alaa Ali Hameed
Yayınlayan	Springer Science and Business Media Deutschland GmbH
Sayfalar	271-280
Sayfa sayısı	10
ISBN (Basılı)	9783031270987
DOI'lar	https://doi.org/10.1007/978-3-031-27099-4_21
Yayın durumu	Yayınlandı - 2023
Etkinlik	International Conference on Computing, Intelligence and Data Analytics, ICCIDA 2022 - Kocaeli, !!Turkey Süre: 16 Eyl 2022 → 17 Eyl 2022

Yayın serisi

Adı	Lecture Notes in Networks and Systems
Hacim	643 LNNS
ISSN (Basılı)	2367-3370
ISSN (Elektronik)	2367-3389

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???event.eventtypes.event.conference???	International Conference on Computing, Intelligence and Data Analytics, ICCIDA 2022
Ülke/Bölge	!!Turkey
Şehir	Kocaeli
Periyot	16/09/22 → 17/09/22

Belgeye Erişim

10.1007/978-3-031-27099-4_21

Diger dosyalar ve linkler

Link to publication in Scopus

Bundan alıntı yap

Erdogan, U., Isildar, A. B., Erdogan, T. G., & Akal, F. (2023). Do Lunar Cycles Affect Bitcoin Prices? In F. P. García Márquez, A. Jamil, S. Eken, & A. A. Hameed (Eds.), Computational Intelligence, Data Analytics and Applications - Selected papers from the International Conference on Computing, Intelligence and Data Analytics ICCIDA (pp. 271-280). (Lecture Notes in Networks and Systems; Hac. 643 LNNS). Springer Science and Business Media Deutschland GmbH. https://doi.org/10.1007/978-3-031-27099-4_21

Erdogan, Ugurcan ; Isildar, Alperen Berk ; Erdogan, Tugba Gurgen et al. / Do Lunar Cycles Affect Bitcoin Prices?. Computational Intelligence, Data Analytics and Applications - Selected papers from the International Conference on Computing, Intelligence and Data Analytics ICCIDA. editör / Fausto Pedro García Márquez ; Akhtar Jamil ; Süleyman Eken ; Alaa Ali Hameed. Springer Science and Business Media Deutschland GmbH, 2023. pp. 271-280 (Lecture Notes in Networks and Systems).

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title = "Do Lunar Cycles Affect Bitcoin Prices?",

abstract = "People may want to benefit from other areas besides scientific and financial-based methods when making investment decisions. For example, it is thought that the lunar cycles guide the investors in some way and this is reflected in the stock market prices. In this paper, we examined the most dominant coin on the cryptocurrency exchange, Bitcoin, and observed the effects of the lunar cycles on its price. We compared Bitcoin opening and closing prices at the beginning and end of the lunar cycles by using McNemar{\textquoteright}s test. As a result of our analyses, we concluded that the lunar cycles have no statistically significant impact on Bitcoin price changes.",

keywords = "Cryptocurrencies, Data science, Lunar cycles",

author = "Ugurcan Erdogan and Isildar, \{Alperen Berk\} and Erdogan, \{Tugba Gurgen\} and Fuat Akal",

note = "Publisher Copyright: {\textcopyright} 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.; International Conference on Computing, Intelligence and Data Analytics, ICCIDA 2022 ; Conference date: 16-09-2022 Through 17-09-2022",

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doi = "10.1007/978-3-031-27099-4\_21",

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series = "Lecture Notes in Networks and Systems",

publisher = "Springer Science and Business Media Deutschland GmbH",

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Erdogan, U, Isildar, AB, Erdogan, TG & Akal, F 2023, Do Lunar Cycles Affect Bitcoin Prices? in FP García Márquez, A Jamil, S Eken & AA Hameed (eds), Computational Intelligence, Data Analytics and Applications - Selected papers from the International Conference on Computing, Intelligence and Data Analytics ICCIDA. Lecture Notes in Networks and Systems, hac. 643 LNNS, Springer Science and Business Media Deutschland GmbH, pp. 271-280, International Conference on Computing, Intelligence and Data Analytics, ICCIDA 2022, Kocaeli, !!Turkey, 16/09/22. https://doi.org/10.1007/978-3-031-27099-4_21

Do Lunar Cycles Affect Bitcoin Prices? / Erdogan, Ugurcan; Isildar, Alperen Berk; Erdogan, Tugba Gurgen et al.
Computational Intelligence, Data Analytics and Applications - Selected papers from the International Conference on Computing, Intelligence and Data Analytics ICCIDA. ed. / Fausto Pedro García Márquez; Akhtar Jamil; Süleyman Eken; Alaa Ali Hameed. Springer Science and Business Media Deutschland GmbH, 2023. p. 271-280 (Lecture Notes in Networks and Systems; Hac. 643 LNNS).

Araştırma sonucu: Kitap/Rapor/Konferans Bildirisinde Bölüm › Konferans katkısı › bilirkişi