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    Review of '<b>How Blockchain Network Factors and Market Forces Determine Bitcoin Returns</b>'

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    5
    <b>How Blockchain Network Factors and Market Forces Determine Bitcoin Returns</b>Crossref
    It focus the influence of network activities, mining and market information on bitcoin price
    Average rating:
        Rated 4.5 of 5.
    Level of importance:
        Rated 5 of 5.
    Level of validity:
        Rated 4 of 5.
    Level of completeness:
        Rated 4 of 5.
    Level of comprehensibility:
        Rated 5 of 5.
    Competing interests:
    None

    Reviewed article

    • Record: found
    • Abstract: found
    • Article: found
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    How Blockchain Network Factors and Market Forces Determine Bitcoin Returns

    The creation of distributed ledgers technologies for information storage spiral secured peer-to-peer interactions which allow for the invention of Bitcoin. Since its invention the price of bitcoin has exhibited excessive volatility, which have attracted undulated attentions. The study considers the isolated influence of network activities, mining (technology) and market information as fundamentals drivers of bitcoin prices. A long-term equilibrium and short-term dynamic is confirmed amongst endogenous system variables in the VECM. This supposes that any deviation from the equilibrium dynamics due to perturbations of market forces (total bitcoin supply and trade volume on exchanges), mining Information (network difficulty, Hashrate, and total transaction fees and network activity (confirmed payments and users adoptions) would be minimized. The model indicates that the cointegration relationship has a reverse adjustment effect on bitcoin return. This explains the why the price, and by implication the return experience different massive run-up, spiky protrusions, resistance, reversals, strong supports and consolidations in the short
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      Review information

      10.14293/S2199-1006.1.SOR-ECON.APASACK.v1.RECSHC
      This work has been published open access under Creative Commons Attribution License CC BY 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. Conditions, terms of use and publishing policy can be found at www.scienceopen.com.

      Statistics,Economics
      Bitcoin, Bitcoin Price, Bitcoin Network Factor, Bitcoin Market Forces, VAR/VECM
      ScienceOpen disciplines:
      Keywords:

      Review text

      The article is well written. and I commend the author for his styles.

      However, I suggest that the following should be addressed:

      1. The author should include one recommendation in the abstracts.

      2. The author should explicitly include the main contribution, which should be a summary of the main findings, in the introduction .

      3. The author should inlcude some suggestions for future research in the conclusions.

      4. The author should check the references and be sure they all adopt a uniform format.

      5. The paper should be proofread.

      I strongly recommend that the paper is published after these minor revisions.

       

      Comments

      The paper has now been reviewed to accommodate the suggestions. 

      1. I now included one recommendation in the abstract as suggested by the second reviewer. Please refer to the last sentence of the abstract.

      2. I added another paragraph (i.e., paragraph 7) in the introduction to explicitly capture the main contribution.

      3. The suggestions for future research is now included in the conclusions (see paragraph 2 of the conclusions).

      4. All the references are checked, and they now follow a uniform style

      5. The paper was sent for professional English proofreading.

      2022-12-25 19:47 UTC
      +1

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