The effects of Digital Currency Trading on Aspects of Cognitive Psychology and Protectionist Solutions

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Article Type:
Research/Original Article (بدون رتبه معتبر)
Abstract:

The purpose of this study is to identify the structural features of digital currency transactions and to determine the nature of one-way cognitive psychological factors in the frequency of such transactions.Previous studies have shown that behavioral aspects such as consumerism and obsessive-compulsive disorder and the effects of prominence and illusion on the accuracy and accuracy of phenomena are the achievements of digital currency trading for individuals, which is influenced by similarities between crypto trading and gambling and betting in social media.In this study, by reviewing previous studies by content review method, the behavioral bias of crypto transactions has been identified. After categorizing the factors and possible consequences of the aspects on the decision of digital currency market traders, protective strategies were extracted.The findings of this descriptive-comparative study show that the distinguishing feature of digital currency trading structure from other transactions including stock trading, including: continuous access and possibility of 24-hour trading, the global nature of digital currency market, and the strong role and influence of social media in decision making. Traders, and events unrelated to the balance sheet, are the determining factor in the price movement.The behavior of cryptocurrency traders was then analyzed under the headings of: control illusion, preoccupation, fear of loss (FOMO), unforeseen regret, learning in cyberspace, and the factors affecting the protection of traders against the created strains were identified.In short, strategies include appropriate education, taxation, raising awareness, strengthening social media culture, identifying safeguards for traders and market stakeholders to inform the public, safeguarding the public interest, and assisting legislators in defining social responsibility.it is affect.

Language:
Persian
Published:
Journal of New research approaches in management and accounting, Volume:5 Issue: 83, 2022
Pages:
1451 to 1472
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