Research on the Impact of UGC Based on Fluctuation Mode on Cryptocurrency Market

Kun Jia, Kun Jia, Yizhen Zhu, Yuxin Zhang

2022

Abstract

As the investment properties and financial properties of cryptocurrencies are accepted or recognized by major listed companies and even sovereign countries, they are increasingly sought after by ordinary investors around the world. The frantic influx of a large number of investors into the cryptocurrency market has also led to more and more market analysis and predictions for retail investors and new investors, as well as popular science teaching videos on the YouTube website. However, their sentiment towards cryptocurrency is not must be "right". To ascertain the attitude of video producers in YouTube videos towards the market, this article uses sentiment analysis to analyze the videos and compare the similarity with the Bitcoin fluctuation data before and after the video upload. We found that in most cases, video producers ’attitudes have a high degree of similarity with the ups and downs of the period before the upload of the video, but the low similarity to the trend for some time in the future. This shows that the cryptocurrency-related videos on YouTube merely reflect past ups and downs and cannot be used as investment advice, even if the video uploaders are doing so.

Paper Citation

in Harvard Style

Jia K., Zhu Y. and Zhang Y. (2022). Research on the Impact of UGC Based on Fluctuation Mode on Cryptocurrency Market. In Proceedings of the 4th International Conference on Economic Management and Model Engineering - Volume 1: ICEMME; ISBN 978-989-758-636-1, SciTePress, pages 707-712. DOI: 10.5220/0012042400003620

in Bibtex Style

@conference{icemme22,
author={Kun Jia and Yizhen Zhu and Yuxin Zhang},
title={Research on the Impact of UGC Based on Fluctuation Mode on Cryptocurrency Market},
booktitle={Proceedings of the 4th International Conference on Economic Management and Model Engineering - Volume 1: ICEMME},
year={2022},
pages={707-712},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0012042400003620},
isbn={978-989-758-636-1},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 4th International Conference on Economic Management and Model Engineering - Volume 1: ICEMME
TI - Research on the Impact of UGC Based on Fluctuation Mode on Cryptocurrency Market
SN - 978-989-758-636-1
AU - Jia K.
AU - Zhu Y.
AU - Zhang Y.
PY - 2022
SP - 707
EP - 712
DO - 10.5220/0012042400003620
PB - SciTePress