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Sustainability Analysis of Cryptocurrencies Based on Projected Return on Investment and Environmental Impact
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Cryptocurrencies: An Economic Perspective
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N.J. Wesselink
Time-series Momentum in the Cryptocurrency Market
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This thesis investigates the time-series momentum anomaly in the cryptocurrency market. Time-series momentum is the anomaly that the prior returns of an asset itself can be predictive for the future returns of the asset. To investigate the existence of the anomaly in the cryptocurrency market, three different time-series trading strategies are used: the simple TSMOM strategy, the filter strategy and the percentage price oscillator. The trading signals created by the different strategies are used to create equally-weighted momentum portfolios that are rebalanced daily. The returns of the equally-weighted momentum portfolios are compared to two custom-made benchmarks and the CCI30 index. This is done to create excess returns. Significant positive excess returns are found for 85% of the long-only portfolios. However, for the long-short portfolios no significant positive returns were found. Therefore, at least to some extent, evidence is provided that the momentum anomaly does exist in the cryptocurrency market.
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circumstances under which cryptocurrency evolution could be beneficiary or the opposite, the scenarios when it becomes a dramatic burden. I used a cost benefit analysis for comparing cryptocurrency's economic value against cryptocurrency's cost of mining, considering both economic and environmental costs, over a ten-year period.
Erasmus School of Economics or Erasmus University Factor Investing in the Cryptocurrency Market Introducing Cryptocurrency-Specific Factors ERASMUS UNIVERSITY ROTTERDAM ERASMUS SCHOOL OF ECONOMICS MSc Economics & Business Master Specialisation Financial Economics Author: M. T. Eraslan Student number: 485291ME Thesis supervisor: Dr. J. J. G. Lemmen
Master's thesis, Harvard Extension School. Abstract Cutting edge technology behind cryptocurrency can revolutionize payment systems and transform the global economy. However, data shows cryptocurrencies major limitation, such as the significant energy consumption due to the high computing power requirement (De Vries, 2018). ...
Bas Robbemond Jun. 30, 22 Master Thesis, Economics 7 2 Methodology 2.1 Operationalization As mentioned before, the research question of this masters thesis is: Is there a difference in perceived risk between investing in cryptocurrency and investing in stocks? To answer this question, an experimental survey was carried out.
The Cryptocurrency Market - An investment opportunity? About the price mechanisms of cryptocurrencies Master Thesis Supervisor: Linda Sandris Larsen Department: Finance Copenhagen Business School Author: Onur Oezek Student Number: 106533 Study Program: Msc. in Finance and Strategic Management Number of pages: 101 (78 Standard pages)
Erasmus School of Economics Master Thesis Quantitative Finance The content of this thesis is the sole responsibility of the author and does not re ect the view of the supervisor, second assessor, Erasmus School of Economics or Erasmus University. ... (Hajric, 2020). The cryptocurrency community expanded itself from initial adopters to the wider ...
Department of Economics and Business Economics Master's Thesis Economics (MAN-MTHEC) Cryptocurrency price prediction: A narrative-based approach to sentiment analysis By Paul Hoekstra (s4308565) Nijmegen, 30 June 2022 Program: Master's Program in Economics Specialisation: Corporate Finance and Control Supervisor: dr. J. Schmitz
Evaluation of cryptocurrency portfolios ... Master's Thesis Copenhagen Business School, May 2020 Cand.Oecon / MSc in Advanced Economics and Finance Supervisor: Professor Rolf Poulsen Number of characters: 59 390 Number of pages: 38 . 1 Abstract In this thesis I look at viability of portfolios with cryptocurrencies and try to answer whether ...
Cryptocurrency Master's Thesis Cand.merc. (Applied Economics & Finance) Copenhagen Business School 66 pages 124,888 characters 16 May 2022 Mads Anders Nøhr Hemmingsen (134815) Supervisor: Oguzhan Cepni
Erasmus School of Economics Master Thesis Econometrics and Management Science Active Trading In Cryptocurrency Markets: Momentum Vs. Machine Learning Hans C. Becker ... Cryptocurrency markets are di erent to equity or foreign exchange (FX) mar-kets in a number of ways. Examples are 24/7 trading, large arbitrage opportunities across ...
1. Introduction. In 2008, Satoshi Nakamoto created Bitcoin, the world's first successful cryptocurrency. Since then, the development and usage of cryptocurrencies have exploded, reaching a market cap of more than USD 2.9 trillion in November 2021 despite a recent fall to approximately USD 1.1 trillion in February 2023 ( CoinMarketCap, 2023 ).
using Transaction Cost Economics Perspective Master's Thesis Ivo Bahar Nugroho Master Management of Technology Faculty of Technology, Policy, and Management . ... Digital currencies can take many forms, and cryptocurrency is one of the most popular forms of digital currencies today. Bitcoin and other cryptocurrencies (or altcoins) have slowly ...
Financially Ever After: A Thesis on Cryptocurrency and the Global Financial Economy. 91 Pages Posted: 27 Jul 2020. See all articles by Eunice Mensah Eunice Mensah. ... Other Financial Economics eJournal. Subscribe to this fee journal for more curated articles on this topic FOLLOWERS. 200. PAPERS. 5,659. Feedback. Feedback to SSRN ...
Master's Thesis 2020 30 ECTS School of Economics and Business ... Master of Science in Economics . Abstract Bitcoin is arguably the most prominent invention in fintech of the late 2000s. Originally designed as a digital currency for peer to peer exchange, it has grown ... cryptocurrency market with its high unit price and a dominant market ...
cryptocurrency markets are significantly vulnerable to speculations. Speculations might cause bubbles on this market. If the cryptocurrency is popular than the chance of bubble to appear is higher, mostly because of global media. In this section, authors are investigating possibilities of bubbles in cryptocurrency markets.
The length of a period is a day and the length of each trading session is 10 minutes (i.e., average block time). Setting. = 0:9999 gives an annual discount factor of 0.97. The average Bitcoin supply in 2015 was 14342502.95. Consequently, the money growth rate per day in 2015 was = (1 + 25=14342502:95)6 24 = 1:00025.
In this thesis, we undertake a systematic evaluation of how much do cryptocurrency prices behave like fiat currency prices, focusing on the predominant cryptocurrency — Bitcoin. We test the usefulness of various time series and structural models to predict future changes in Bitcoin prices and conclude that when predicting out of sample, its ...
Tittle of thesis An Investigation into the Diffusion of the Cryptocurrency Innovation Discipline International Business and Entrepreneurship Type of work Master's thesis Time (month/year) 06/2018 Number of pages 106+24 Abstract The information age has dawned upon us through the comprehensive and boundless adoption
Master Thesis Bitcoin: a diversifier, hedge or safe haven ... By writing this thesis I will finalize the Master of Finance at Tilburg University School of Economics and Management. The recent developments for cryptocurrencies and bitcoin in particular have ... Over the past seven years the cryptocurrency bitcoin has been a topic of interest for ...
This thesis investigates the time-series momentum anomaly in the cryptocurrency market. Time-series momentum is the anomaly that the prior returns of an asset itself can be predictive for the future returns of the asset. To investigate the existence of the anomaly in the cryptocurrency market, three different time-series trading strategies are ...
In 2009, Bitcoin was the first blockchain based cryptocurrency created by the group or individual known as Satoshi Nakamoto. Now, almost a decade later, Bitcoin's value increased enormously and got the attention of the media as well as governments. So far, cryptocurrencies have not found their way in society's everyday life. A lack of ...
One of the main goals of this thesis was to build a cryptocurrency from the ground up with speci c properties. Three key components are required for the creation: a blockchain, a currency and a protocol. Within those boundaries the design of a 45. cryptocurrency can have ariousv spectrums.
Master thesis | International Relations (MA) Author Bos, Arthur Faculty Faculty of Humanities Specialisation Global Political Economy Supervisors Scepanovic, Vera ECTS Credits 15 Language en ©2020-2024 Leiden University A service provided by Leiden University Libraries. Contact; About us;