Price dynamics and speculative trading in bitcoin

By Benjamin M. Blau. 2017

337 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/11a22da2cfd469e8cb0415a5bf1296dd7aa4153c

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Citations in the corpus

Testing for asymmetric nonlinear short- and long-run relationships between bitcoin, aggregate commodity and gold prices (2018, background): “Recently, Blau (2017) shows that Bitcoin is a currency rather than a speculative investment.”
An empirical investigation of volatility dynamics in the cryptocurrency market (2019, unknown): “…are primarily used for speculation purposes instead of as a traditional medium of exchange (Glaser et al., 2014; Baek and Elbeck, 2015; Yermack, 2015; Dyhrberg, 2016; Blau, 2017), despite concerns about risks associated with their price fluctuations raised by economists and financial institutions.”
Cryptocurrencies as a financial asset: A systematic analysis (2019, background): “Böhme et al. [2015], while focusing on the governance of Bitcoin note that although its design originally set out to provide a service, new constituent are now being added but it is not clear if they aspire to meet prevailing requirements.”
Datestamping the Bitcoin and Ethereum bubbles (2017, unknown): “Blau [2017] argued that high volatility of Bitcoin is not related to the high speculative activity in this period.”
The economic value of Bitcoin: A portfolio analysis of currencies, gold, oil and stocks (2019, unknown): “…long-lasting pessimism and various exogenous market shocks such as the Mt. Gox hack, the closure of Silk Road platform, cyber attacks and the regulations imposed to Chinese banks against Bitcoin investment (Trautman, 2014; Böhme et al., 2015; Cheah and Fry, 2015; Fry and Cheah, 2016; Blau, 2017).”
The inefficiency of Bitcoin revisited: a dynamic approach (2017, background): “ion to daily returns, the long range memory in the daily volatility of returns, which can proxy the risk of this unstable market. Volatility analysis is particularly important, because, as studied by Blau (2017) speculative trading was not responsible for the high volatility of Bitcoin during the pe”
Cryptocurrency market contagion: Market uncertainty, market complexity, and dynamic portfolios (2019, background): “Nonetheless, authors such as Corbet et al. (2018c) emphasize that existing literature is rather inconclusive in connection with cryptocurrencies being vulnerable to speculation (see, for instance Blau, 2018).”
Some stylized facts of the cryptocurrency market (2018, background): “…to the investigations on the pricing dynamics of Bitcoin and its correlations with other financial assets (Baek and Elbeck 2015; Baur et al., 2017a; Blau 2018; Bouri et al. 2017a, 2017b; Chen and He 2013; Cheung, Roca, and Su 2015; Dyhrberg 2016; Feng, Wang, and Zhang 2018; Śmiech and Papież 2017).”