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BITCOIN AND POTENTIAL MARKET CORNERING

Economic and Social Development: Book of Proceedings, 2023, p.22-35

Copyright Varazdin Development and Entrepreneurship Agency (VADEA) Oct 19/Oct 20, 2023 ;ISSN: 1849-6903 ;EISSN: 1849-7535

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  • Title:
    BITCOIN AND POTENTIAL MARKET CORNERING
  • Author: Buterin, Denis ; Balaban, Jasmina Kozulic ; Buterin, Vesna
  • Subjects: Bear markets ; Cornering ; Digital currencies ; Economics ; Profitability ; Profits ; Stock exchanges ; Stock prices
  • Is Part Of: Economic and Social Development: Book of Proceedings, 2023, p.22-35
  • Description: In line with the large media coverage of cryptocurrencies, the impact they have on the financial market, it is important to understand the basics of the functioning of this relatively new virtual financial instrument and understand its importance in today's market. Thanks to the noticeable increases in the price of Bitcoin and other leading cryptocurrencies, many traders and investors have made profits, which further encourages the attractiveness of investment. However, with the undoubted presence of the bull market for many years, there is also high volatility and sudden and hitherto unrecorded price corrections, which opens space for calculations about the coming of the bear market and the profitability of short selling. The authors explore the possibility of forming a corner market for Bitcoin trading, as well as the risk of long and short positions. The authors conclude that due to its global spread, the formation of a corner cannot be expected in the near future, but call for caution when entering positions due to the possibility of significant and unpredictable fluctuations.
  • Publisher: Varazdin: Varazdin Development and Entrepreneurship Agency (VADEA)
  • Language: English
  • Identifier: ISSN: 1849-6903
    EISSN: 1849-7535
  • Source: ProQuest Central
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