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@article{8180,
author = {Lánský, Jan},
article_location = {USA},
article_number = {3},
doi = {http://dx.doi.org/10.3905/jai.2019.1.084},
keywords = {cryptocurrency; survival analysis; Bitcoin; exchange; token; trading},
language = {eng},
issn = {1520-3255},
journal = {The Journal of Alternative Investments},
note = {Časopis ve SCOPUS - sledovat a překvalifikovat!},
title = {Cryptocurrency Survival Analysis},
url = {https://jai.pm-research.com/content/22/3/55},
volume = {22},
year = {2020}
}
TY - JOUR
ID - 8180
AU - Lánský, Jan
PY - 2020
TI - Cryptocurrency Survival Analysis
JF - The Journal of Alternative Investments
VL - 22
IS - 3
SP - 55-64
EP - 55-64
PB - Pageant Media Ltd
SN - 15203255
N1 - Časopis ve SCOPUS - sledovat a překvalifikovat!
KW - cryptocurrency
KW - survival analysis
KW - Bitcoin
KW - exchange
KW - token
KW - trading
UR - https://jai.pm-research.com/content/22/3/55
L2 - https://jai.pm-research.com/content/22/3/55
N2 - Cryptocurrencies are one of the greatest technological innovations. Cryptocurrencies are decentralized payment systems in which ownership is demonstrated cryptographically. An overview of ownership of payment units is stored in a data structure called blockchain. Of the thousands of cryptocurrencies, the best known are Bitcoin, Ethereum, Ripple, Litecoin, EOS, Cardano, NEO, Dash and Monero. In the past, new cryptocurrencies were most often created by modifying the parameters of another cryptocurrency and by launching their own blockchain. Nowadays, new cryptocurrencies are most commonly created as applications on another existing cryptocurrency. Such cryptocurrencies are called tokens. Creating a new cryptocurrency is easy, but its value depends on users’ willingness to pay for its units. If a cryptocurrency loses its users, it becomes worthless. In this article, we have analysed over 2500 cryptocurrencies that are or were previously traded on cryptocurrency exchanges. We have explored the probability that a cryptocurrency will not survive and will be de-listed from exchanges. For the different categories of cryptocurrencies according to their previous trading time on exchanges, we have determined the conditional probability of de-listing within 1 to 5 years. We found out that the new cryptocurrencies are the most risky. With the increasing age of the cryptocurrency, the probability of its de-listing decreases.
ER -
LÁNSKÝ, Jan. Cryptocurrency Survival Analysis. \textit{The Journal of Alternative Investments}. USA: Pageant Media Ltd, 2020, roč.~22, č.~3, s.~55-64. ISSN~1520-3255. doi:10.3905/jai.2019.1.084.
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