8 research outputs found
Bitcoin Piyasalarının Etkinliği, Likiditesi ve Oynaklığı - Efficiency, Liquidity and Volatility of Bitcoin Markets
Bitcoin is a virtual money and a new payment system which is not regulated by a
central authority. Bitcoin became popular quickly and gained the ability of affecting the
real economy. Being used extensively and seen as an investment tool, Bitcoin created its
own market, users and investors. This study aims to shed light on Bitcoin market. To
understand what Bitcoin is, the history of Bitcoin was summarized firstly and the
Bitcoin system and how the protocol works was explained. Then Efficiency, Liquidity
and Volatility of the Bitcoin Markets were analyzed. We concluded that the pricing of
Bitcoin is too complicated; and the Bitcoin market is still vulnerable to many risks and
speculation