New study detects lottery-like behavior in cryptocurrency markets
1–10 of 193 posts
Re: New study detects lottery-like behavior in cryptocurrency markets
#2>Interestingly, the sharp increase in the prices for cryptocurrencies happens in a period where the uncertainty in the market for traditional currencies has risen due to the enormous amounts of money that governments worldwide
In my experience, until 1-2 years ago, btc movements were anticorrelated with the market. This seems to have reversed around the time that financial institutions entered into the BTC market.
Re: New study detects lottery-like behavior in cryptocurrency markets
#3Sounds like someone missed the train, again.
Re: New study detects lottery-like behavior in cryptocurrency markets
#4>the researchers examined the role of speculative behavior in cryptocurrency markets, that is, lottery-like demand
Is this an industry-standard term? It seems like an awful definition and awful use of the word “lottery”.
Re: New study detects lottery-like behavior in cryptocurrency markets
#5how does it compare to the gambling of stocks on Robinhood?
Re: New study detects lottery-like behavior in cryptocurrency markets
#6Sounds like someone missed the train, again.
You understand that you're characterising crypto as a pyramid scheme, I guess?
Re: New study detects lottery-like behavior in cryptocurrency markets
#7>the researchers examined the role of speculative behavior in cryptocurrency markets, that is, lottery-like demand Is this an industry-standard term? It seems like an awful definition and awful use of the word “lottery”.
My thought exactly. There's a crazy amount of speculation in real estate, stocks, and commodities, but I've never heard it called "lottery-like".
Re: New study detects lottery-like behavior in cryptocurrency markets
#8>the researchers examined the role of speculative behavior in cryptocurrency markets, that is, lottery-like demand Is this an industry-standard term? It seems like an awful definition and awful use of the word “lottery”.
yeah, people talk about "lottery-like stocks" in the academic literature on investor behavior. it's a standard term.
i think the idea is that people buy lottery tickets or scratch cards for the same reason they do these stocks, it's a form of gambling entertainment.
Re: New study detects lottery-like behavior in cryptocurrency markets
#9It's trivial. Just say any is pure speculation of thin air and you'll be right. There's no sense in the currently existing crypto currencies. They're all fiat money.
Peter Schiff was right back then... https://www.youtube.com/watch?v=sgRGBNekFIw
and he's still right now. https://twitter.com/peterschiff/status/1345427870546538509
Re: New study detects lottery-like behavior in cryptocurrency markets
#10>the researchers examined the role of speculative behavior in cryptocurrency markets, that is, lottery-like demand Is this an industry-standard term? It seems like an awful definition and awful use of the word “lottery”.
My thought exactly. There's a crazy amount of speculation in real estate, stocks, and commodities, but I've never heard it called "lottery-like".
That’s because all of those things are predominantly traded due to their underlying utility. Like lotteries, which have no utility other than taxes and speculation, crypto currencies are almost entirely valuable as tools for speculation.