Visceral emotions and Bitcoin trading

【Author】 Ahn, Yongkil; Kim, Dongyeon

【Source】FINANCE RESEARCH LETTERS

【影响因子】9.848

【Abstract】Using a new emotion-mining technique, we quantify visceral emotions among Bitcoin investors and investigate whether an empirical connection exists between micro-level visceral emotions and macro-level price dynamics in the cryptocurrency market. We find that cryptocurrency market investors carry visceral emotions. Bitcoin's intraday volatility and trading volume are associated with visceral emotions. This association is more salient for negative emotions. This form of emotional trading can cause a more behavioral group of investors to perform poorly in the cryptocurrency market.

【Keywords】Visceral emotions; Bitcoin; Return; Volatility; Trading volume

【发表时间】2023 JAN

【收录时间】2022-12-09

【文献类型】实证数据

【主题类别】

区块链治理-市场治理-数字货币