Showing 1 - 10 of 25,122
Persistent link: https://www.econbiz.de/10012800073
Bitcoin has received much attention in the media and by investors in recent years, although there remains scepticism … and a lack of understanding of this cryptocurrency. We add to the literature on Bitcoin by studying the market efficiency … of Bitcoin. Through a battery of robust tests, evidence reveals that returns are significantly inefficient over our full …
Persistent link: https://www.econbiz.de/10012984554
Due to counterparty risks, some Bitcoin trading platforms allow users to rate the level of trust they have in others …. We examine users' feedback behaviour on two Bitcoin trading platforms and provide statistically strong evidence that the … feedback behaviour of Bitcoin users is dependent on how they are rated themselves, that is, they retaliate. In addition, user …
Persistent link: https://www.econbiz.de/10013240428
Persistent link: https://www.econbiz.de/10011982912
The need for a legal framework that explains a decentralized system is compulsory to understand whether regulation could be useful and effective. Previous academic frameworks did not manage to explain the intimate development and success of a decentralized cryptocurrency system interpreting the...
Persistent link: https://www.econbiz.de/10012828938
Persistent link: https://www.econbiz.de/10012160942
investment strategies applied to Bitcoin. Our bubble model is defined as a geometric Brownian motion combined with separate crash …-free asset. Using our bubble model on Bitcoin from 8-Jul-2013 until 19-Dec-2017 would have generated a CAGR of 140% with a … maximum drawdown of 69% giving a Calmar Ratio of 2.03. It would have moved out of Bitcoin gradually since 25-Apr-2017 to be …
Persistent link: https://www.econbiz.de/10011899594
Volatility and investor sentiment have been factors for the slow adoption rate of Bitcoin (BTC) that was first … model analysis. The findings of this research paper confirm Bitcoin’s cyclical performance between volatility and adoption … purpose of this applied mathematics study will use a multivariate DCC GARCH model. Bitcoin holds its ground in volatility …
Persistent link: https://www.econbiz.de/10012612471
significant environmental externalities created by Proof-of-Work (PoW) cryptocurrencies, the most prominent of which is Bitcoin … finally discuss feasible mechanisms to regulate them. Latest estimates show that Bitcoin mining consumes roughly the same … externalities are Bitcoin’s electricity-intensive consensus protocol and Bitcoin prices, which directly influence mining incentives …
Persistent link: https://www.econbiz.de/10014422325
Persistent link: https://www.econbiz.de/10011453063