Psychological barriers in the cryptocurrency market

dc.contributor.authorFonseca, Vítor
dc.contributor.authorPacheco, Luís Miguel
dc.contributor.authorLobão, Júlio
dc.date.accessioned2019-09-16T14:01:18Z
dc.date.available2019-09-16T14:01:18Z
dc.date.embargo2020-09-30
dc.date.issued2019-08
dc.description.abstractPurpose: The purpose of this paper is to study the existence of psychological barriers in cryptocurrencies. Design/methodology: To detect psychological barriers we perform a uniformity test, a barrier hump test, a barrier proximity test and conditional effects test to a sample comprised by the daily closing quotes of six of the most liquid cryptocurrencies. Findings: The results evidence the existence of psychological barriers in four of the cryptocurrencies under scrutiny, namely, Bitcoin, Dash, NEM and Ripple. Practical implications: The fact that the cryptocurrency market has a high share of unexperienced investors and presents several cases of psychological barriers is consistent with the hypothesis that that class of investors is particularly prone to the behavioral biases which cause psychological barriers. Originality/value: This paper studies for the first time the existence of psychological barriers in the market of cryptocurrencies.pt_PT
dc.identifier.citationFonseca, V., Pacheco, L., & Lobão, J. (2019). Psychological barriers in the cryptocurrency market. Review of Behavioral Finance, xx(xx), xx-xx. doi: 10.1108/RBF-03-2019-0041. Disponível no Repositório UPT, http://hdl.handle.net/11328/2900pt_PT
dc.identifier.doi10.1108/RBF-03-2019-0041pt_PT
dc.identifier.urihttp://hdl.handle.net/11328/2900
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherEmeraldpt_PT
dc.rightsembargoed accesspt_PT
dc.subjectPsychological barrierspt_PT
dc.subjectCryptocurrenciespt_PT
dc.subjectBitcoinpt_PT
dc.subjectMarket efficiencypt_PT
dc.titlePsychological barriers in the cryptocurrency marketpt_PT
dc.typejournal articlept_PT
degois.publication.firstPage1pt_PT
degois.publication.issueEarly citept_PT
degois.publication.lastPage19pt_PT
degois.publication.titleReview of Behavioral Financept_PT
dspace.entity.typePublicationen
Ficheiros
Principais
A mostrar 1 - 1 de 1
A carregar...
Miniatura
Nome:
Psychological barriers in the cryptocurrency market.pdf
Tamanho:
215.73 KB
Formato:
Adobe Portable Document Format