Dec 01, · The cryptocurrency market is rather young (BitCoin was created in , but active trade only started in ) and therefore still mostly unexplored (see Caporale and Plastun, for one of the very few existing studies, with a focus on calendar anomalies). The Market Efficiency of Bitcoin: A Weekly Anomaly Perspective. Yutaka Kurihara and Akio Fukushima. Journal of Applied Finance & Banking, , vol. 7, issue 3, 4 Abstract: Bitcoin is a cryptocurrency. It is not a legal currency but a private monetary system that manages itself and does not depend on central banks or 24crypto.de by: Yutaka Kurihara & Akio Fukushima, "The Market Efficiency of Bitcoin: A Weekly Anomaly Perspective," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 7(3), pages Guglielmo Maria Caporale & Luis A. Gil-Alana & Alex Plastun & Inna Makarenko, "The Weekend Effect: A Trading Robot and Fractional Integration Analysis," CESifo Working Paper Series , CESifo.
The market efficiency of bitcoin a weekly anomaly perspectiveThe Day of the Week Effect in the Crypto Currency Market
Corpus ID: Bitcoin will bite the dust. Hutchinson Published Economics Cato Journal. Bitcoin is the most radical innovation in the monetary space for a very long time.
It is an entirely private monetary system that runs itself and does not depend on trust in any central authority to honor its promises.
Instead, it relies on trust in the Bitcoin community or network that verifies transactions and maintains the integrity of the system. This system of distributed trust creates bitcoins and produces an automatic, tamper-proof bitcoin money supply process. Save to Library. Create Alert. Launch Research Feed. Share This Paper. Background Citations. Methods Citations. Citation Type.
Has PDF. Please note that corrections may take a couple of weeks to filter through the various RePEc services. Economic literature: papers , articles , software , chapters , books. FRED data. Registered: Yutaka Kurihara. Bitcoin is a cryptocurrency. It is not a legal currency but a private monetary system that manages itself and does not depend on central banks or governments. Since the development of Bitcoin, its trading volume has been increasing largely and rapidly.
Some fear the increase in Bitcoin usage as it is quite different from traditional currencies; however, its use is spreading all over the world. This paper examines empirically whether or not weekly price anomalies exist by checking the market efficiency of Bitcoin. The empirical results show that the Bitcoin market is not efficient. However, the empirical results show that Bitcoin transactions are becoming and can become more efficient.
The results suggest that Bitcoin returns will be random in the future. Corrections All material on this site has been provided by the respective publishers and authors. Louis Fed. Help us Corrections Found an error or omission? Rogalski, Richard J, Jakub Bartos, Peter Fortune, Ariel, Robert A, Aurelio F. A survey based on hybrid analysis ," Papers You can help correct errors and omissions.
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