Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 62 , 28 December 2023
Open
Access | Article
Understanding Bitcoin: A Case Study Method to Understand Market Dynamics, Strategies, and Risks of Cryptocurrency
* Author to whom correspondence should be addressed.
Abstract
This case study provides a comprehensive examination of Bitcoin, a pioneering digital cryptocurrency that has reshaped the global financial landscape. Drawing upon a wealth of research materials and academic studies, this case delves into the origins, technological underpinnings, market behavior, and regulatory considerations of Bitcoin. It also explores the trading strategies employed by investors and traders in the Bitcoin market and the associated risks. This case study delves deep into the evolution of Bitcoin, offering a comprehensive analysis of its market behavior, the forces that drive its price fluctuations, and the diverse strategies adopted by investors and traders alike. This dissertation draws a conclusion that Bitcoin's transformative journey, from its pioneering origins to its current role as a dynamic digital asset, underscores the revolutionary impact of blockchain technology. Its market behavior, diverse trading strategies, and regulatory challenges present a multifaceted landscape. Understanding Bitcoin is pivotal in navigating the evolving world of cryptocurrencies.
Keywords
Bitcoin, cryptocurrency, trading strategies, market risk management, price volatility
References
1. Nakamoto, S. (2008). Bitcoin: A Peer-to-Peer Electronic Cash System.
2. Garcia, D., & Schweitzer, F. (2015). Social signals and algorithmic trading of Bitcoin. Royal Society Open Science, 2(9), 150288.
3. Kristoufek, L. (2013). BitCoin meets Google Trends and Wikipedia: Quantifying the relationship between phenomena of the Internet era. Scientific Reports, 3, 3415.
4. Bouri, E., Molnár, P., Azzi, G., Roubaud, D., & Hagfors, L. I. (2017). On the hedge and safe haven properties of Bitcoin: Is it really more than a diversifier? Finance Research Letters, 20, 192-198.
5. Baur, D. G., & Lucey, B. M. (2010). Is gold a hedge or a safe haven? An analysis of stocks, bonds, and gold. Financial Review, 45(2), 217-229.
6. Moore, T., & Christin, N. (2013). Beware the middleman: Empirical analysis of Bitcoin-exchange risk. In Financial Cryptography and Data Security (pp. 25-33).
7. Golumbia, D. (2016). Cryptocurrency: Bitcoin and beyond. Critical Sociology, 42(4-5), 707-718.
8. Chohan, U. W. (2019). Scams, Frauds, and Hacks in the Crypto World: Review and Research Agenda. Journal of King Abdulaziz University: Islamic Economics, 32(1), 77-94.
9. The FAFT. (2019). FATF Annual Report 2019-2020.
10. Dyhrberg, A. H. (2016). Hedging capabilities of Bitcoin: Evidence from the October 2013 crash. Finance Research Letters, 16, 139-144.
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. Authors who publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See Open Access Instruction).
- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-225-1
- ISBN (Online)
- 978-1-83558-226-8
- Published Date
- 28 December 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/62/20231315
- Copyright
- 28 December 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited