比特币和加密货币的统计

IRPN: Innovation & Finance (Topic) Pub Date : 2016-10-10 DOI:10.2139/ssrn.2872158

Joerg Osterrieder

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引用次数: 23

摘要

我们展示了最重要的加密货币的统计特性，其中比特币是最突出的例子。我们通过拟合参数分布来描述它们相对于美元的汇率。结果表明，收益率明显是非正态的，标准的重尾分布很好地描述了数据。研究结果对投资和风险管理具有重要意义。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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The Statistics of Bitcoin and Cryptocurrencies

We show the statistical properties of the most important cryptocurrencies, of which Bitcoin is the most prominent example. We characterize their exchange rates versus the US Dollar by fitting parametric distributions to them. It is shown that returns are clearly non-normal, with standard heavy-tailed distributions giving good descriptions of the data. The results are important for investment and risk management purposes.

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IRPN: Innovation & Finance (Topic)

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