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The aim of this paper is to present Bitcoin daily summaries such that transaction size is taken into account, rather than just the Bitcoin price. However, in doing this analysis a number of unusual trading patterns emerge. The most intriguing are the 6,000 0.09621094₿ transactions during March...
Persistent link: https://www.econbiz.de/10014239050
Bitcoin Cash is a cryptocurrency which was spun-off from Bitcoin in 2017. It was a result of a disagreement over Bitcoin’s 1mg block size which it was felt hindered transaction times. The Bitcoin Cash block size was initially set at 8mg allowing more transactions to be verified at a time,...
Persistent link: https://www.econbiz.de/10013232978
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Although Bitcoin's price behaviour appears to echo the fortunes of the S&P 500 index, large price declines in the post COVID-19 period are not uncharacteristic for Bitcoin. The intraday range of Bitcoin prices are not significantly different when comparing the pre and post COVID-19 periods. The...
Persistent link: https://www.econbiz.de/10012828389
Satoshi Nakamoto proposed in 2008, a peer-to-peer payment system, Bitcoin, outside of government or central bank intervention, government mismanagement or economic conditions. What the current pandemic has shown, is that even Bitcoin is not immune to the effects of COVID-19, for as the pandemic...
Persistent link: https://www.econbiz.de/10012832512
A preliminary examination of Bitcoin's trading activity around the time of COVID-19, Oct9ober 2019 to March 2020 finds that in the first five months of that period, both transaction levels and Bitcoins traded are heavily influenced by the day's opening Bitcoin price. That relationship begins to...
Persistent link: https://www.econbiz.de/10012836134
An analyse of bolivar/bitcoin trading activity indicates that Bitcoin trading in Venezuela is more a reflection of a survival technique rather than an investment strategy with the median transactions price significantly smaller than the medians in the Argentine peso, the Brazilian real and the...
Persistent link: https://www.econbiz.de/10012863356
A study of Bitcoin P2P trading in 23 fiat currencies finds trading on LocalBitcoins without considering any other issues does not have any consistent impact of the price paid for Bitcoin. There is also no evidence that liquidity or payment method impact on Bitcoin prices. There is however,...
Persistent link: https://www.econbiz.de/10012867636
Japan has a long history with Bitcoin from it supposed creator, Satoshi Nakamoto, to the rise and fall of the Japanese Bitcoin Exchange, Mt Gox, to its wide acceptance by the Japanese retail sector, yet an analysis of the yen/bitcoin market, which is now the dominant trading pair, indicates that...
Persistent link: https://www.econbiz.de/10012871641
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