The Impact of Short-term Hype on Predicting the Long-term Behavior of Cryptocurrencies

Victor DOSTOV, Pavel PIMENOV, Pavel SHOUST and Victor TITOV

Abstract:

The article examines the impact of the short-term interest towards cryptocurrencies on the quality of prediction based on the Bass equation. Based on a series of tests to cut off short-term growth of  the number of active wallets, it was found that there was no effect on the dynamics of the number of active wallets for Bitcoin in the long term and efficiency.