• Corpus ID: 18197681

On the Complexity and Behaviour of Cryptocurrencies Compared to Other Markets

@article{WilsonNunn2014OnTC,
  title={On the Complexity and Behaviour of Cryptocurrencies Compared to Other Markets},
  author={Daniel Wilson-Nunn and Hector Zenil},
  journal={ArXiv},
  year={2014},
  volume={abs/1411.1924}
}
We show that the behaviour of Bitcoin has interesting similarities to stock and precious metal markets, such as gold and silver. We report that whilst Litecoin, the second largest cryptocurrency, closely follows Bitcoin's behaviour, it does not show all the reported properties of Bitcoin. Agreements between apparently disparate complexity measures have been found, and it is shown that statistical, information-theoretic, algorithmic and fractal measures have different but interesting… 
3 Citations
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