The Best Decision-Making Scheme Based on Bitcoin and Gold Stock Market

Jingru Zeng, Yufei Wang, Xiyu Zheng

2022

Abstract

Market traders frequently buy or sell their volatile assets, Bitcoin and gold, in order to maximize their returns, and each purchase and sale of these two assets requires a commission. In order to study this economic management problem, we made certain assumptions and established a prediction model to achieve the best rete of returns. We construct bull and bear market judgment models, risk models and time series prediction models to help traders make the best decisions every day in order to maximize profits. Find the total assets in the hands of traders as of 9/10/2021. To demonstrate the feasibility of our strategy, we use XGboost regression model to fit the predicted data and the real data. After determining the sensitivity of the model and analyzing the impact of market price fluctuations on our model, we communicated our decisions, models, and results to traders in the form of memos. In summary, when you have $1000 on September 11, 2016, through our model based on five years’ market data, you will have $184659.88 on September 10, 2021.

Paper Citation

in Harvard Style

Zeng J., Wang Y. and Zheng X. (2022). The Best Decision-Making Scheme Based on Bitcoin and Gold Stock 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 338-344. DOI: 10.5220/0012030400003620

in Bibtex Style

@conference{icemme22,
author={Jingru Zeng and Yufei Wang and Xiyu Zheng},
title={The Best Decision-Making Scheme Based on Bitcoin and Gold Stock Market},
booktitle={Proceedings of the 4th International Conference on Economic Management and Model Engineering - Volume 1: ICEMME},
year={2022},
pages={338-344},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0012030400003620},
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 - The Best Decision-Making Scheme Based on Bitcoin and Gold Stock Market
SN - 978-989-758-636-1
AU - Zeng J.
AU - Wang Y.
AU - Zheng X.
PY - 2022
SP - 338
EP - 344
DO - 10.5220/0012030400003620
PB - SciTePress