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11-13 September 2024
Europe/Vienna timezone
Deadline extended: 09.06.24 for all submissions / Early Bird: until 08.07.24

An analysis of the cryptocurrency market: perception and representation of Bitcoin and the cryptocurrency assets in relation to personality traits

11 Sep 2024, 12:30
2h
Assembly Hall

Assembly Hall

Pre-data Poster Differential Psychology and Personality Research Poster Session

Speaker

Áron Bédi

Description

In 2008, new and innovative technology appeared in the financial world in the form of Bitcoin and, later, other cryptocurrencies. Bitcoin is a decentralized, digital, intangible asset. The cryptocurrency market is characterized by high volatility. Lack of understanding of the asset can also be a problem, many potential investors do not buy Bitcoin because they do not understand how it works, and novice investors often make impulsive, unfounded decisions, and take on disproportionate financial risks. The study aims to understand people's perception and representation of Bitcoin and other cryptocurrencies. Furthermore, the goal is to highlight how the two selected personality traits of the Big 5 model, openness and neuroticism, influence the evaluation of these assets. The primary quantitative research will be conducted in the form of a questionnaire. The questionnaire aims to determine whether individuals with high openness are more informed, have a positive view of the cryptocurrency market, and already own or are planning to invest in the future, while those high in neuroticism may be more avoidant and hold a negative view of the asset class. In addition, the research also seeks to identify which sources the respondents primarily get information about the cryptocurrency market.

Are you currently an Early Career Researcher? Yes, I am still a student or have not yet received my Ph.D.

Primary author

Co-author

Dr Andrea Czibor (University of Pécs - Faculty of Humanities- and Social Sciences - Institute of Psychology)

Presentation Materials

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