| dc.description.abstract | In recent years, with the rapid development of cryptocurrency ecosystem, the application fields of cryptocurrencies have become more extensive, and the number of investors that have participated in the market of cryptocurrency have increased significantly. In the first paper, the research background, research motivation and purpose of this paper are explained first. In the second chapter, this paper explains the infrastructure of cryptocurrencies in detail, which is blockchain technology. Moreover, this paper talks about the application of cryptocurrencies, and in-depth discussion of the two major cryptocurrencies in the market, namely Bitcoin and Ether. In the third chapter, this paper explains how to trade cryptocurrencies, and introduces several major cryptocurrency exchanges at home and abroad. In Chapter 4, this paper starts with economics and the features of cryptocurrencies, explaining the reason that people should invest and the reason that people should invest in cryptocurrencies. In Chapter 5, this paper takes Bitcoin and Ether as research objects and studies their relationship with other assets. Through regression analysis, this paper finds that Bitcoin and Ether have a significant contemporaneous relationship with gold, S&P 500 index, and VIX index. In Chapter 6, this paper studies the most suitable trading strategy for Bitcoin and Ether through a research process of my own design. After a series of back-testing and analysis, this paper finds that the most suitable trading strategy for Bitcoin is to use MACD with 1-day K-bar or 4-hour K-bar, and the most suitable trading strategy for Ethereum is to use MACD with 4-hour K-bar. | en_US |