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The motives for investing in digital currencies (cryptocurrencies) from the point of view of investors

Year 2024, Volume: 9 Issue: 3, 227 - 236, 30.09.2024
https://doi.org/10.29106/fesa.1384728

Abstract

This research aims to examine and validate the motives underlying investors' decisions to invest in digital currencies, also known as cryptocurrencies. As digital currencies have gained significant prominence in recent years, there is a growing interest among investors to explore the potential benefits associated with this unique asset class. These benefits encompass diversification, potential high returns, and exposure to cutting-edge technologies such as blockchain. Furthermore, this study offers a comprehensive overview of the risks associated with investing in digital currencies, including their inherent volatility and the prevailing regulatory uncertainties. It underscores the significance of investors critically evaluating their motives and assessing their risk tolerance levels prior to engaging in digital currency investments. The article furnishes valuable insights into the multifaceted nature of the motives driving investments in digital currencies, elucidating the necessity for cautious decision-making when considering participation in this emerging asset class. By presenting these findings, it contributes to the broader understanding of the motives behind investing in digital currencies from a professional standpoint.

References

  • Abdulhakeem, S., & Qiuling , H. (2021). Powered by Blockchain technology, DeFi (Decentralized Finance) strives to increase financial inclusion of the unbanked by reshaping the world financial system. Modern Economy,12 (01), pp. 1-16.
  • Bogner, A., Chanson, M., & Meeuw, A. (2016). decentralised sharing app running a smart contract on the ethereum blockchain. InProceedings of the 6th International Conference on the Internet of Things. pp. 177-178.
  • Buterin, V. (2014). Launching the ether sale”, Ethereum Blog,. avaılable at https://blog.ethereum.orglaunching-the-ether-sale/(accessed 14 April 2023)
  • Cheah , E., & Fry, J. (2015). Speculative bubbles in Bitcoin markets? An empirical investigation into the fundamental value of Bitcoin. Economics letters, (130), pp., 32-36.
  • DeVries, P. (2016). An analysis of cryptocurrency, bitcoin, and the future. International Journal of Business Management and Commerce, 1(2), pp. 1-9.
  • Dulupcu, M., Yiyit , M., & Genc, A. (2017). The rising face of the digital economy: The analysis of relationship between the value of Bitcoin and its popularity. Suleyman Demirel University the Journal of Faculty of Economics and Administrative Sciences,( 22), pp. 2241-2258.
  • Grinberg, Reuben. (2011). Bitcoin: An Innovative Alternative Digital Currency. Hastings Science & Technology Law Journal 4, (20), pp. 159-208.
  • Kavitha, K. (2022). Future of Cryptocurrency: Prospects, Issues and Challenges. Indian Journal of Emerging Research in Business and Technology ISSN: 2583-1003,( 2), pp. 18-27.
  • Luther , W. (2016). Bitcoin and the Future of Digital Payment. Independent Institute Journal (4), pp. 397-404. Nakamoto, S. (2008). A peer-to-peer electronic cash system. Decentralized business review, (21260), pp. 1-11. Retrieved from https://bitcoin.org/bitcoin
  • Narayanan, A., Bonneau, J., Felten, E., Miller, A., & Goldfeder, S. (2016). Bitcoin and cryptocurrency technologies: a comprehensive introduction. Princeton University Press.
  • Presthus, W., & O’Malley, N. O. (2017). Motivations and barriers for end-user adoption of bitcoin as digital currency. Procedia Computer Science, (121), pp. 89-97.
  • Risal, N. (2018). An empirical evidences on cryptocurrencies: emerging digital money in the world. NCC Journal 3(1) , pp. 100-107.
  • Sabry, S.S., Kaittan , N. M., & Majeed , I. (2019). The road to the blockchain technology: Concept and types. Periodicals of Engineering & Natural Science,7(4),pp.1821-1832. avaılable at http://pen.ius.edu.ba/index.php/pen/article/view/935 (accessed 11April 2023)
  • Tern, S. (2021). Survey of Smart Contract Technology and Application Based on Blockchain. Open Journal of Applied Sciences 11(10), pp. 1135-1148.
  • Thakur, K., & G, G. (2018). Cryptocurrency: Its risks and gains and the way ahead. IOSR Journal of Economics and Finance, 9(2), pp. 38-42.
  • Vandervort, D. (2014). Challenges and Opportunities Associated with a Bitcoin-based Transaction Rating System 1 Background 2 Characteristics of Rating Systems. In Financial Cryptography and Data Security: FC 2014 Workshops, BITCOIN and WAHC 2014, Christ Church, Barbados, pp. 33-42. www.binance.com. (accessed 02 April 2023)
  • Zhang, Y., Hu, M., Yang, J., & Wen, J. (2020). What drives investors' digital currency investments? A fuzzy set qualitative comparative analysis. Journal of Business Research, (118), pp. 30-43.

Yatırımcılar açısından dijital para birimlerine (kripto para birimleri) yatırım yapma nedenleri

Year 2024, Volume: 9 Issue: 3, 227 - 236, 30.09.2024
https://doi.org/10.29106/fesa.1384728

Abstract

Bu araştırma çalışması, yatırımcıların kripto para birimleri olarak yaygın olarak bilinen dijital para birimlerine yatırım yapma kararlarının temelinde yatan nedenleri incelemeyi ve doğrulamayı amaçlamaktadır. Son yıllarda dijital para birimleri önemli bir üne sahip olmuşken olacak , yatırımcılar arasında bu benzersiz varlık sınıfıyla ilişkilendirilen potansiyel faydaları keşfetme konusunda artan bir ilgi bulunmaktadır. Bu faydalar çeşitlendirme, potansiyel yüksek getiriler olacak ve blok zinciri gibi son teknolojilere maruz kalma gibi unsurları içermektedir. Ayrıca, bu çalışma dijital para birimlerine yatırım yapmanın beraberinde getirdiği risklerin kapsamlı bir genel bakışını sunmaktadır; bunlar arasında doğal volatilite ve hükümet düzenlemelerinden kaynaklanan belirsizlikler de bulunmaktadır olacak . Çalışma, yatırımcıların nedenlerini eleştirel bir şekilde değerlendirmeleri ve dijital para birimi yatırımlarına katılmadan önce risk tolerans düzeylerini değerlendirmelerinin önemini vurgulamaktadır. Makale, dijital para birimlerine yapılan yatırımları yönlendiren nedenlerin çok yönlü doğasına dair değerli içgörüler sunarak, bu yeni varlık sınıfına katılım düşünülürken dikkatli karar verme gerekliliğini aydınlatmaktadır. Bu bulguların sunumuyla birlikte, makale, dijital para birimlerine yatırım yapma nedenlerinin profesyonel bir bakış açısından daha geniş bir anlayışa katkıda bulunmaktadır.

References

  • Abdulhakeem, S., & Qiuling , H. (2021). Powered by Blockchain technology, DeFi (Decentralized Finance) strives to increase financial inclusion of the unbanked by reshaping the world financial system. Modern Economy,12 (01), pp. 1-16.
  • Bogner, A., Chanson, M., & Meeuw, A. (2016). decentralised sharing app running a smart contract on the ethereum blockchain. InProceedings of the 6th International Conference on the Internet of Things. pp. 177-178.
  • Buterin, V. (2014). Launching the ether sale”, Ethereum Blog,. avaılable at https://blog.ethereum.orglaunching-the-ether-sale/(accessed 14 April 2023)
  • Cheah , E., & Fry, J. (2015). Speculative bubbles in Bitcoin markets? An empirical investigation into the fundamental value of Bitcoin. Economics letters, (130), pp., 32-36.
  • DeVries, P. (2016). An analysis of cryptocurrency, bitcoin, and the future. International Journal of Business Management and Commerce, 1(2), pp. 1-9.
  • Dulupcu, M., Yiyit , M., & Genc, A. (2017). The rising face of the digital economy: The analysis of relationship between the value of Bitcoin and its popularity. Suleyman Demirel University the Journal of Faculty of Economics and Administrative Sciences,( 22), pp. 2241-2258.
  • Grinberg, Reuben. (2011). Bitcoin: An Innovative Alternative Digital Currency. Hastings Science & Technology Law Journal 4, (20), pp. 159-208.
  • Kavitha, K. (2022). Future of Cryptocurrency: Prospects, Issues and Challenges. Indian Journal of Emerging Research in Business and Technology ISSN: 2583-1003,( 2), pp. 18-27.
  • Luther , W. (2016). Bitcoin and the Future of Digital Payment. Independent Institute Journal (4), pp. 397-404. Nakamoto, S. (2008). A peer-to-peer electronic cash system. Decentralized business review, (21260), pp. 1-11. Retrieved from https://bitcoin.org/bitcoin
  • Narayanan, A., Bonneau, J., Felten, E., Miller, A., & Goldfeder, S. (2016). Bitcoin and cryptocurrency technologies: a comprehensive introduction. Princeton University Press.
  • Presthus, W., & O’Malley, N. O. (2017). Motivations and barriers for end-user adoption of bitcoin as digital currency. Procedia Computer Science, (121), pp. 89-97.
  • Risal, N. (2018). An empirical evidences on cryptocurrencies: emerging digital money in the world. NCC Journal 3(1) , pp. 100-107.
  • Sabry, S.S., Kaittan , N. M., & Majeed , I. (2019). The road to the blockchain technology: Concept and types. Periodicals of Engineering & Natural Science,7(4),pp.1821-1832. avaılable at http://pen.ius.edu.ba/index.php/pen/article/view/935 (accessed 11April 2023)
  • Tern, S. (2021). Survey of Smart Contract Technology and Application Based on Blockchain. Open Journal of Applied Sciences 11(10), pp. 1135-1148.
  • Thakur, K., & G, G. (2018). Cryptocurrency: Its risks and gains and the way ahead. IOSR Journal of Economics and Finance, 9(2), pp. 38-42.
  • Vandervort, D. (2014). Challenges and Opportunities Associated with a Bitcoin-based Transaction Rating System 1 Background 2 Characteristics of Rating Systems. In Financial Cryptography and Data Security: FC 2014 Workshops, BITCOIN and WAHC 2014, Christ Church, Barbados, pp. 33-42. www.binance.com. (accessed 02 April 2023)
  • Zhang, Y., Hu, M., Yang, J., & Wen, J. (2020). What drives investors' digital currency investments? A fuzzy set qualitative comparative analysis. Journal of Business Research, (118), pp. 30-43.
There are 17 citations in total.

Details

Primary Language Turkish
Subjects Monetary-Banking, International Finance
Journal Section Araştırma Makaleleri
Authors

Abdulazız Ahmed Ahmed Jashan 0000-0002-7834-1775

Early Pub Date October 1, 2024
Publication Date September 30, 2024
Submission Date November 2, 2023
Acceptance Date September 17, 2024
Published in Issue Year 2024 Volume: 9 Issue: 3

Cite

APA Jashan, A. A. A. (2024). Yatırımcılar açısından dijital para birimlerine (kripto para birimleri) yatırım yapma nedenleri. Finans Ekonomi Ve Sosyal Araştırmalar Dergisi, 9(3), 227-236. https://doi.org/10.29106/fesa.1384728