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International Conference on Business Information Systems

BIS 2014: Business Information Systems Workshops pp 255–265Cite as

Bitcoin Is Volatile! Isn’t that Right?

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Part of the book series: Lecture Notes in Business Information Processing ((LNBIP,volume 183))

Abstract

In this study, we substantiate with financial data collection and analysis the hypothesis regarding the volatility of Bitcoin exchange rate against common currencies. Financial data were collected from July 2010 until April 2014. The raw annualised volatility of Bitcoin is compared to conventional and major exchange rates. The first set of results indicate a high value of annualised volatility for the Bitcoin exchange rate. When the volume of Bitcoin transactions is considered, the volatility of the Bitcoin exchange rate stabilizes significantly.

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Notes

  1. 1.

    The data for the Bitcoin exchange rate as well as the exchange rate of all other currencies was used from www.quandl.com and www.oanda.com.

  2. 2.

    www.cryptocoinsnews.com

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Author information

Authors and Affiliations

  1. School of Business, University of Nicosia, 46, Makedonitissis Ave., 1700, Nicosia, Cyprus

    Svetlana Sapuric & Angelika Kokkinaki

Authors
  1. Svetlana Sapuric
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  2. Angelika Kokkinaki
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Corresponding author

Correspondence to Angelika Kokkinaki .

Editor information

Editors and Affiliations

  1. Poznań University of Economics, Poznań, Poland

    Witold Abramowicz

  2. University of Nicosia, Nicosia, Cyprus

    Angelika Kokkinaki

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© 2014 Springer International Publishing Switzerland

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Cite this paper

Sapuric, S., Kokkinaki, A. (2014). Bitcoin Is Volatile! Isn’t that Right?. In: Abramowicz, W., Kokkinaki, A. (eds) Business Information Systems Workshops. BIS 2014. Lecture Notes in Business Information Processing, vol 183. Springer, Cham. https://doi.org/10.1007/978-3-319-11460-6_22

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  • DOI: https://doi.org/10.1007/978-3-319-11460-6_22

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-11459-0

  • Online ISBN: 978-3-319-11460-6

  • eBook Packages: Computer ScienceComputer Science (R0)

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