Literature review on bitcoin price volatility
| Author (Year) | Main conclusions |
|---|---|
| Cheah and Fry (2015) | A speculative bubble exists in the bitcoin market, and the basic price of bitcoin is zero |
| Kristoufek (2013) | The convenience of buying bitcoins and the lack of a need for large-scale transactions have created the possibility of speculative bubbles |
| Glaser et al. (2014) | Bitcoin is mainly used for speculation and not to buy goods or services |
| Phillip et al. (2018) | Encrypted currency has the characteristics of a long memory, a leverage effect, random fluctuations, and a thick tail |
| Catania et al. (2018) | Encrypted currency has a long memory and a leverage effect during the process of fluctuations |
| Author (Year) | Main conclusions |
|---|---|
| A speculative bubble exists in the bitcoin market, and the basic price of bitcoin is zero | |
| The convenience of buying bitcoins and the lack of a need for large-scale transactions have created the possibility of speculative bubbles | |
| Bitcoin is mainly used for speculation and not to buy goods or services | |
| Encrypted currency has the characteristics of a long memory, a leverage effect, random fluctuations, and a thick tail | |
| Encrypted currency has a long memory and a leverage effect during the process of fluctuations |
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