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Анализ рисков криптовалют и способы их минимизации в современных рыночных условиях // Analysis of Cryptocurrency Risks and Methods of their Mitigation in Contemporary Market Conditions

Author

Listed:
  • E. Nadyrova

    (Financial University)

  • Е. Надырова

    (Финансовый университет)

Abstract

In the course of the research, we identified seven risk groups, analyzed their influence, and formulated possible measures of the risk mitigation. For initial coin offerings projects, we formulated a special risk-assessment scoring system based on a 100-point scale. Investment risks (volatility) were one of the main issues. The only effective option of risk-management here is risk aversion - the refusal of any interaction with the cryptocurrency market. On the other hand, traditional risk management method of diversification has proved its worth and viability on empirical studies of portfolio investments. The portfolio should not be mostly “crypto” but rather it should also consist of traditional assets. It is necessary to consider the opportunity to quit the cryptocurrency market for a short period of time, to prevent the harmful consequences of dramatic price shifts. В ходе исследования автором статьи были идентифицированы семь групп рисков, проанализировано их влияние, сформулированы возможные меры по снижению всех видов рисков. Для проектов первичных размещений криптоактивов сформулирована специальная система оценки рисков, основанная на 100-балльной шкале. Инвестиционный риск (волатильность) был одним из основных объектов исследования. Единственным эффективным вариантом управления данным видом риска является отказ от любого взаимодействия с криптовалютным рынком. С другой стороны, традиционный метод управления рисками - диверсификация портфельных инвестиций - доказал свою ценность и жизнеспособность. Портфель не должен ограничиваться только криптовалютой, а обязательно должен включать в себя и традиционные виды активов. Необходимо также рассматривать возможность выхода с криптовалютного рынка на некоторый период времени, чтобы иметь возможность предотвратить опасные последствия резких скачков цен.

Suggested Citation

  • E. Nadyrova & Е. Надырова, 2018. "Анализ рисков криптовалют и способы их минимизации в современных рыночных условиях // Analysis of Cryptocurrency Risks and Methods of their Mitigation in Contemporary Market Conditions," Review of Business and Economics Studies // Review of Business and Economics Studies, Финансовый Университет // Financial University, vol. 6(3), pages 65-78.
    • Handle: RePEc:scn:00rbes:y:2018:i:3:p:65-78
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    References listed on IDEAS

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