【Author】
Cheng, Po-Keng; Lin, Chinho
【Source】APPLIED ECONOMICS LETTERS
【Abstract】In this study, we apply an interactive agent-based model to investigate fundamentalists and positive-feedback traders behaviours in cryptocurrency markets. Our results suggested that fundamentalists pushed up cryptocurrency prices in some past periods. In addition, the cryptocurrency markets are unstable and agitated.
【Keywords】Bitcoin; agent-based model; noise traders; fundamentalists; speculative bubbles
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