Investigating Harm and Individual Differences Associated with Speculative Cryptocurrency Trading

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dc.contributor.authorMosbey, Amy Leah
dc.contributor.schoolSchool of Psychology
dc.date.issued2023
dc.descriptionThis item is only available electronically.en
dc.description.abstractCryptocurrency is a form of digital currency based on blockchain technology that can be a store of value or used as a form of exchange. It trades on a 24/7 international cryptocurrency market and is often subject to great price volatility and high returns and losses compared to traditional means of investing, such as equities trading. Relatively little research has been conducted into the psychological factors associated with this form of higher-risk speculation or its potential harms. The present study, based on 487 cryptocurrency investors, sought to identify the profile of harm, individual differences and problem gambling associated with cryptocurrency trading. As hypothesised, cryptocurrency involvement was found to be positively associated with problem gambling endorsement and certain gambling behaviours. Personality analysis of cryptocurrency investors showed higher scores on neuroticism, but lower on conscientiousness and agreeableness. Financial, psychological, and health harms were positively associated with cryptocurrency involvement, with those with the highest level of involvement found to have significantly higher scores in problem gambling, neuroticism, and moderate harm outcomes. These findings provide insight into the harm profile and individual differences associated with cryptocurrency investing and highlight the potential risk factors of cryptocurrency investment. These findings underscore the similarities between cryptocurrency traders and problem gamblers, and the potential for cryptocurrency to attract problem gamblers who may approach trading as a form of gambling. Keywords: cryptocurrency, gambling, harm, individual differences, risk factorsen
dc.description.dissertationThesis (B.PsychSc(Hons)) -- University of Adelaide, School of Psychology, 2023
dc.identifier.urihttps://hdl.handle.net/2440/141164
dc.provenanceThis electronic version is made publicly available by the University of Adelaide in accordance with its open access policy for student theses. Copyright in this thesis remains with the author. This thesis may incorporate third party material which has been used by the author pursuant to Fair Dealing exceptions. If you are the author of this thesis and do not wish it to be made publicly available, or you are the owner of any included third party copyright material you wish to be removed from this electronic version, please complete the take down form located at: http://www.adelaide.edu.au/legals
dc.subjectHonours; Psychologyen
dc.titleInvestigating Harm and Individual Differences Associated with Speculative Cryptocurrency Tradingen
dc.typeThesisen

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