A Comparative Study of Bitcoin Price Prediction Using Machine Learning Algorithms

Authors

  • M. Akhil Sai  UG students, Computer Science and Engineering, VVIT, Nambur, Andhra Pradesh, India
  • K. Sarath Chandra Sai  UG students, Computer Science and Engineering, VVIT, Nambur, Andhra Pradesh, India
  • M. Manu Koushik  UG students, Computer Science and Engineering, VVIT, Nambur, Andhra Pradesh, India
  • K. Gowri Raghavendra Narayan  Assistant Professor Computer Science and Engineering, VVIT, Nambur, Andhra Pradesh, India

DOI:

https://doi.org//10.32628/CSEIT206237

Keywords:

LSTM, Decision tree, RNN, Bitcoin

Abstract

ML and AI-helped exchanging have pulled in developing enthusiasm for as far back as not many years.We examine day-by-day information for different digital currencies over some stretch of time. We show that straightforward exchanging methodologies helped by innovative AI calculations outflank standard benchmarks. We have picked two Machine Learning Algorithms to play out a Comparative Study to foresee cost of a Bitcoin; we have utilized Decision tree regressor and LSTM Algorithms and watched execution of every calculation as far as anticipating the cost of Bitcoin. We saw that Decision tree regressor gives progressively effective and precise outcomes when contrasted with others.

References

  1. They track the capitalization of different crypto currencies https://coinmarketcap.com/
  2. Huisu Jang et al, “An Empirical Study on Modeling and Prediction of Bitcoin Prices with Bayesian Neural Networks based on Block chain Information” IEEE vol.6,pp.5427-5437,2017.
  3. F. Andrade de Oliveira et al, “The use of artificial neural networks in the analysis and prediction of stock prices” IEEE International Conference on Systems, Man, and Cybernetics, 2011.
  4. Daniela and A. BUTOI, “Datamining on Romanian stock market using neural networks for price prediction” Informatica Economica, Academy of Economics Studies - Bucharest, Romania, vol. 17(3), pages 125-136, 2013.
  5. D. Shah and K. Zhang, “Bayesian regression and Bitcoin” IEEE 52nd Annual Allerton Conference on Communication, Control, and Computing (Allerton), 2014.
  6. McNally et al,“ Predicting the Price of Bitcoin Using Machine Learning” IEEE 26th Euromicro International Conference on Parallel, Distributed and Network-based Processing (PDP), 2018.
  7. K Struga et al[7], “Bitcoin Price Prediction with Neural Networks” RTA-CSIT, 2018.
  8. Avinash Nalvani, Decision tree classification https://www.datacamp.com/community/tutorials/decision-tree-classification-python
  9. Architectural diagram of LSTM from Researchgatehttps://www.researchgate.net/figure/Basic-LSTM-Unit-Transfer-Function-Diagram-from-10_fig8_308804546.
  10. Root mean square error formula https://www.includehelp.com/ml-ai/root-mean-square%20error-rmse.aspx.

Downloads

Published

2020-04-30

Issue

Section

Research Articles

How to Cite

[1]
M. Akhil Sai, K. Sarath Chandra Sai, M. Manu Koushik, K. Gowri Raghavendra Narayan, " A Comparative Study of Bitcoin Price Prediction Using Machine Learning Algorithms , IInternational Journal of Scientific Research in Computer Science, Engineering and Information Technology(IJSRCSEIT), ISSN : 2456-3307, Volume 6, Issue 2, pp.160-163, March-April-2020. Available at doi : https://doi.org/10.32628/CSEIT206237