Herd Behaviour in Cryptocurrency Markets
Cryptocurrency markets are highly volatile, with significant and sudden price shifts often influenced by investor sentiment. We demonstrate the significant role of herd behaviour in influencing positive attitudes and subsequent behaviour in cryptocurrency purchasing. Through a survey of 130 active...
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| Format: | Conference Paper |
| Published: |
2020
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| Online Access: | http://hdl.handle.net/20.500.11937/81762 |
| _version_ | 1848764414656774144 |
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| author | Thompson, Nik |
| author_facet | Thompson, Nik |
| author_sort | Thompson, Nik |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Cryptocurrency markets are highly volatile, with significant and sudden price shifts often influenced by
investor sentiment. We demonstrate the significant role of herd behaviour in influencing positive
attitudes and subsequent behaviour in cryptocurrency purchasing. Through a survey of 130 active
cryptocurrency investors, we empirically examine the factors which influence attitudes and
behaviours. Our results indicate that perceived behavioural control, social norms, and propensity to
imitate others, a dimension of herd behaviour, strongly influence attitudes towards cryptocurrency
behaviour and subsequent behaviours. These findings provide new insights into some of the
psychological factors involved in the decision to invest in cryptocurrency and help to understand the
unpredictable cryptocurrency market environment |
| first_indexed | 2025-11-14T11:18:59Z |
| format | Conference Paper |
| id | curtin-20.500.11937-81762 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T11:18:59Z |
| publishDate | 2020 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-817622021-01-19T05:36:56Z Herd Behaviour in Cryptocurrency Markets Thompson, Nik Cryptocurrency markets are highly volatile, with significant and sudden price shifts often influenced by investor sentiment. We demonstrate the significant role of herd behaviour in influencing positive attitudes and subsequent behaviour in cryptocurrency purchasing. Through a survey of 130 active cryptocurrency investors, we empirically examine the factors which influence attitudes and behaviours. Our results indicate that perceived behavioural control, social norms, and propensity to imitate others, a dimension of herd behaviour, strongly influence attitudes towards cryptocurrency behaviour and subsequent behaviours. These findings provide new insights into some of the psychological factors involved in the decision to invest in cryptocurrency and help to understand the unpredictable cryptocurrency market environment 2020 Conference Paper http://hdl.handle.net/20.500.11937/81762 https://creativecommons.org/licenses/by-nc/3.0/nz/ fulltext |
| spellingShingle | Thompson, Nik Herd Behaviour in Cryptocurrency Markets |
| title | Herd Behaviour in Cryptocurrency Markets |
| title_full | Herd Behaviour in Cryptocurrency Markets |
| title_fullStr | Herd Behaviour in Cryptocurrency Markets |
| title_full_unstemmed | Herd Behaviour in Cryptocurrency Markets |
| title_short | Herd Behaviour in Cryptocurrency Markets |
| title_sort | herd behaviour in cryptocurrency markets |
| url | http://hdl.handle.net/20.500.11937/81762 |