Template-Type: ReDIF-Article 1.0
Author-Name: Jiří Kučera
Author-Workplace-Name: University of Žilina, Faculty of Operation and Economics of Transport and Communications, Department of Economics
Author-Name: Tomáš Andelík
Author-Workplace-Name: Institute of Technology and Business in České Budějovice, School of Expertness and Valuation
Title: A historical excursion through the development of cryptocurrencies in the world
Abstract: In this paper, the topic of cryptocurrencies is investigated. The aim is to explain the basic characteristics of four selected cryptocurrencies, to show what the investment in these cryptocurrencies would have looked like in the last two years. Each of the cryptocurrencies examined varies greatly in both purpose and effectiveness. We use the methods of performance comparison and technical analysis. The aim of the article is to compare Ethereum and Bitcoin and to show the effect of the coronavirus pandemic on the development of cryptocurrency prices. The results show that investments in Ethereum or Bitcoin have been the most profitable in the last two years. Regarding the period of the coronavirus crisis, the most favorable investment was Ethereum.
Keywords: cryptocurrency, covid, investment, price development, bitcoin, ethereum, blockchain
Journal: Littera Scripta
Volume: 14
Issue: 1
Year: 2021
Month: September
Pages: 71-85
DOI: 10.36708/LS.2021.I01.007
File-URL: https://littera-scripta.com/articles/a-historical-excursion-through-the-development-of-cryptocurrencies-in-the-world-ec3ecb9d
File-Format: text/html
Handle: RePEc:rsg:littra:2021-007