Bitcoin Price Anomalies: Peer-to-Peer (P2P) Trading on LocalBitcoins

IF 0.4 Q4 BUSINESS, FINANCE

Journal of Alternative Investments Pub Date : 2019-06-30 DOI:10.3905/jai.2019.22.1.127

M. Holub, Jackie Johnson

引用次数: 0

Abstract

The authors study trading behavior on LocalBitcoins, an alternative platform to conventional exchanges that allow investors all over the world to trade Bitcoin on a peer-to-peer basis. In particular, the authors examine the anomalous trade prices on LocalBitcoins, which are settled at values significantly different from market prices. As LocalBitcoins is not regulated in the way some exchanges are regulated, the persistence of the anomalous prices suggests that traders may be able to take advantage of the phenomenon to make substantial gains. TOPICS: Real assets/alternative investments/private equity, performance measurement, statistical methods

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比特币价格异常：本地比特币上的P2P交易

作者研究了LocalBitcoins上的交易行为，这是一个传统交易所的替代平台，允许世界各地的投资者在点对点的基础上交易比特币。特别是，作者研究了本地比特币的异常交易价格，其结算价值与市场价格明显不同。由于LocalBitcoins不像某些交易所那样受到监管，因此异常价格的持续存在表明，交易者可能能够利用这一现象获得可观的收益。主题:实物资产/另类投资/私募股权，绩效评估，统计方法

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Alternative Investments BUSINESS, FINANCE-

CiteScore

1.50

自引率

14.30%

发文量

期刊介绍： The Journal of Alternative Investments (JAI) provides you with cutting-edge research and expert analysis on managing investments in hedge funds, private equity, distressed debt, commodities and futures, energy, funds of funds, and other nontraditional assets. JAI is the official publication of the Chartered Alternative Investment Analyst Association (CAIA®). JAI provides you with challenging ideas and practical tools to: •Profit from the growth of hedge funds and alternatives •Determine the optimal mix of traditional and alternative investments •Measure and track portfolio performance •Manage your alternative investment portfolio with proven risk management practices