Questions tagged [historical data]

AzrilTaufani Thu Dec 05 2024 | 6 answers 1497

I need to obtain historical data from CoinMarketCap, but I'm not sure how to do it. Is there a specific way or tool that I can use to retrieve this information?

Martino Sat Sep 07 2024 | 7 answers 1764

Could you elaborate on the significance of historical data in cryptocurrency trading? How does it inform traders' decisions and strategies? What specific metrics are commonly analyzed, and how do traders utilize them to gain an edge in the market? Additionally, what are some potential limitations or challenges associated with relying solely on historical data for cryptocurrency trading?

SsamziegangSerenade Thu Aug 29 2024 | 5 answers 1157

Is it feasible to use a Long Short-Term Memory (LSTM) deep neural network to accurately predict the future price of Bitcoin based solely on its historical data? While historical trends can provide valuable insights, can this complex algorithm capture the intricate nuances and sudden fluctuations that characterize the cryptocurrency market? Additionally, how robust is the model's ability to adapt to unforeseen events, such as regulatory changes or significant market manipulations, that could drastically alter Bitcoin's price trajectory?

HallyuHeroine Thu Jul 18 2024 | 7 answers 1048

I don't understand this question. Could you please assist me in answering it?

Elena Wed Jul 10 2024 | 5 answers 1449

When it comes to the question of whether a crypto tax accountant needs historical data, one must consider the complexity of the cryptocurrency ecosystem. Given the volatile nature of digital assets and the rapid evolution of tax regulations surrounding them, historical data becomes a crucial tool for accurate tax calculations. Does a crypto tax accountant need historical data to track the value of cryptocurrencies over time? How about for identifying trading patterns that could trigger taxable events? And what about the need to reconcile transactions across multiple exchanges and wallets? All these questions point to the importance of historical data in the crypto tax accounting process. So, in summary, it seems evident that a crypto tax accountant would indeed require historical data to perform their duties effectively and ensure compliance with relevant tax laws.