Analysis of Cryptocurrency Interdependencies

Todorovska, Ana; Spirovska, Eva; Angelovski, Gorast; Peshov, Hristijan; Rusevski, Ivan; Marojevikj, Jovana; Vodenska, Irena; Chitkushev, Lubomir T.; Trajanov, Dimitar

doi:10.7566/jpscp.36.011004

Cited by 5 publications

(1 citation statement)

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“…The increasing popularity of Reddit for data collection along with the increasing academic interest in cryptocurrency has resulted in scholars identifying links between the two including correlations between price and discussion volume, adoption of cryptocurrencies, and the formation of ideologies around cryptocurrency (Knittel, Pitts, and Wash 2019;Todorovska et al 2021). However, such links are not limited to cryptocurrency, a meta-analysis of studies focusing on Reddit communities found that researchers often use data from this site to explore real-world social trends as opposed to merely monitoring responses to real-world events with (Proferes et al 2021).…”

Section: Why Reddit?mentioning

confidence: 99%

r/CryptoCurrency: Discussions of Climate Change

Brickell

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In this study, I examine how an online cryptocurrency community discusses the issue of climate change. In particular, I examine distinctive themes present within discussions that occur on the r/CryptoCurrency forum hosted by reddit.com. Existing research has demonstrated that there are significant carbon emissions linked to cryptocurrency. However, cryptocurrency primarily exists as a peer-to-peer system, meaning that the individual perceptions of cryptocurrency adopters may provide insight into how to address the emissions problem. Using latent Dirichlet allocation and publicly available textual data from Reddit, I find that Reddit's cryptocurrency community engages in robust discussions pertaining to the energy needed to power cryptocurrency systems, most of which is generated from fossil fuels. Therefore, the discussions identified in this study suggest that the social aspect of cryptocurrency may be important when examining the links between cryptocurrency and climate change since they help identify what subjects related to climate change are important for this community.

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Section: Why Reddit?mentioning

confidence: 99%