ANALYSIS OF THE INVESTMENT RISK IN CRYPTOCURRENCY BITCOIN
The aim of the article was to evaluate the risks of investing in Bitcoin cryptocurrency. Particular attention was paid to the risk of investment on the Polish exchanges: Bitcurex, BitBay, BitMarket.pl and LocalBitcoins. To evaluate the risk there was used VaR measure. There were compared the risk of...
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| Format: | Article |
| Language: | English |
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University of Gdansk
2015-09-01
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| Series: | Contemporary Economy |
| Subjects: | |
| Online Access: | http://www.wspolczesnagospodarka.pl/?p=1005 |
| _version_ | 1819105242983170048 |
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| author | Kinga Kądziołka |
| author_facet | Kinga Kądziołka |
| author_sort | Kinga Kądziołka |
| collection | DOAJ |
| description | The aim of the article was to evaluate the risks of investing in Bitcoin cryptocurrency. Particular attention was paid to the risk of investment on the Polish exchanges: Bitcurex, BitBay, BitMarket.pl and LocalBitcoins. To evaluate the risk there was used VaR measure. There were compared the risk of investing in Bitcoin cryptocurrency and the risk of investing in the selected "traditional" currencies. There was also paid attention to the effect of day of the week on the Bitcoin’s exchanges. The investment in cryptocurrency was characterized by higher risk than investing in “traditional” currencies. The Polish Bitcoin exchange LocalBitcoins was characterized by the highest risk and highest average daily rate of return. |
| first_indexed | 2024-12-22T02:19:09Z |
| format | Article |
| id | doaj.art-c2782dab73284856a0c13a10c7ca63e6 |
| institution | Directory Open Access Journal |
| issn | 2082-677X 2082-677X |
| language | English |
| last_indexed | 2024-12-22T02:19:09Z |
| publishDate | 2015-09-01 |
| publisher | University of Gdansk |
| record_format | Article |
| series | Contemporary Economy |
| spelling | doaj.art-c2782dab73284856a0c13a10c7ca63e62022-12-21T18:42:12ZengUniversity of GdanskContemporary Economy2082-677X2082-677X2015-09-016318ANALYSIS OF THE INVESTMENT RISK IN CRYPTOCURRENCY BITCOINKinga Kądziołka0Prokuratura Okręgowa w KatowicachThe aim of the article was to evaluate the risks of investing in Bitcoin cryptocurrency. Particular attention was paid to the risk of investment on the Polish exchanges: Bitcurex, BitBay, BitMarket.pl and LocalBitcoins. To evaluate the risk there was used VaR measure. There were compared the risk of investing in Bitcoin cryptocurrency and the risk of investing in the selected "traditional" currencies. There was also paid attention to the effect of day of the week on the Bitcoin’s exchanges. The investment in cryptocurrency was characterized by higher risk than investing in “traditional” currencies. The Polish Bitcoin exchange LocalBitcoins was characterized by the highest risk and highest average daily rate of return.http://www.wspolczesnagospodarka.pl/?p=1005BitcoinriskVaR |
| spellingShingle | Kinga Kądziołka ANALYSIS OF THE INVESTMENT RISK IN CRYPTOCURRENCY BITCOIN Contemporary Economy Bitcoin risk VaR |
| title | ANALYSIS OF THE INVESTMENT RISK IN CRYPTOCURRENCY BITCOIN |
| title_full | ANALYSIS OF THE INVESTMENT RISK IN CRYPTOCURRENCY BITCOIN |
| title_fullStr | ANALYSIS OF THE INVESTMENT RISK IN CRYPTOCURRENCY BITCOIN |
| title_full_unstemmed | ANALYSIS OF THE INVESTMENT RISK IN CRYPTOCURRENCY BITCOIN |
| title_short | ANALYSIS OF THE INVESTMENT RISK IN CRYPTOCURRENCY BITCOIN |
| title_sort | analysis of the investment risk in cryptocurrency bitcoin |
| topic | Bitcoin risk VaR |
| url | http://www.wspolczesnagospodarka.pl/?p=1005 |
| work_keys_str_mv | AT kingakadziołka analysisoftheinvestmentriskincryptocurrencybitcoin |