The Impact of Bitcoin Halving Day on Stock Market in Indonesia

Ramadhani, Muhammad Harits Zidni Khatib

doi:10.32535/jicp.v5i3.1800

Cited by 6 publications

(6 citation statements)

References 10 publications

(12 reference statements)

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…This bond is put to the test for a service in which the principal authorizes the agent to make decisions that are opposed to what would be advantageous for the principal to prioritize increasing industrial profits and minimizing expenditures, including taxes, by utilizing tax evasion [10]- [12].…”

Section: Leveragementioning

confidence: 99%

Financial Performance's Impact on Tax Avoidance

et al. 2023

View full text Add to dashboard Cite

The issue in this study is Indonesia's inability to realize its full potential in terms of tax income, which is declining every year. This study investigates how tax avoidance is impacted by profitability and Leverage. For the Indonesia Stock Exchange (IDX) population in 2017–2019, 73 manufacturing firms in the Basic and Chemical Industry category were selected. So that 28 businesses satisfied the requirements, the sample was chosen using purposive sampling. The study concludes that profitability discourages tax evasion. Therefore, the corporation is more likely to engage in tax evasion the lower its profitability value. Leverage has no bearing on tax evasion. Hence businesses with high or low debt ratios can engage in it. Another result that can be justified is that.

show abstract

Section: Leveragementioning

confidence: 99%

Financial Performance's Impact on Tax Avoidance

et al. 2023

View full text Add to dashboard Cite

show abstract

“…Second, miners form pools of miners to increase the chances of getting a reward, making Bitcoin more like a centralized currency (Biczok, 2018). According to the journal (Segendorf, 2014), Bitcoin is a virtual currency for payments made entirely independent of governments and banks (Ramadhani, 2022). Bitcoin payments are based on a new technical solution that is different from traditional payment systems, speed, bitcoin has advantages in fees, anonymity but it is use also becomes riskier because it is not directly covered by the law legalizing the payment function (Kartawinata & Mahessara, 2018, p.39).…”

Section: Bitcoinmentioning

confidence: 99%

Cryptocurrency Price Volatility Analysis on Bitcoin and Altcoins Before and During the Covid-19 Pandemic in Indonesia

Wulandari

2022

JICP

View full text Add to dashboard Cite

The emergence of COVID-19 in December 2019 in China, until it spread to Indonesia in early March 2020 was designated as the center of the transmission of COVID-19. It negatively impacted the financial sector and caused cryptocurrency volatility to increase significantly. Therefore, the purpose of this study is essential to determine the volatility of cryptocurrencies and the method of estimating the price of cryptocurrencies.This shows that cryptocurrency fluctuations are unstable and irregular compared to equities, so the cryptocurrency market is more risky and difficult to predict during the COVID-19 pandemic. In this study, the analytical tools were quantitative and descriptive using the ARIMA and GARCH time series models for time series forecasting. The secondary data were used to determine the existence of volatility. Thus, ARCH Effect is the best model to estimate the volatility price of a cryptocurrency. As a result of forecasting, both bitcoin and altcoins tend to the uptrend.

show abstract

“…These events have a profound impact on the supply of new Bitcoin entering circulation, leading to discussions and debates about their implications for the market (El Mahdy 2021;Masters 2019;Meynkhard 2019;Pan et al 2020;Patel 2021;Ramadhani 2022;Schär 2020). Understanding the dynamics of Bitcoin halving events is crucial for grasping the broader trends in the cryptocurrency landscape and anticipating potential price movements.…”

Section: Introductionmentioning

confidence: 99%

“…The phenomenon of Bitcoin halving has been a subject of extensive research and analysis within the cryptocurrency community, attracting the attention of scholars, economists, and market analysts. Several studies (binance 2024; bitpanda 2024; Chan et al 2023;Chaturved 2024;Coinbase 2024;CoinDCX 2024;Conway 2024;Crawley 2020;Cuthbertson 2024;El Mahdy 2021;ET Spotlight Team 2024;Howcroft and Wilkes 2024;Kuhn 2024;Masters 2019;M'bakob 2024;Meynkhard 2019;Pan et al 2020;Patel 2021;Ramadhani 2022;Samizadeh 2024aSamizadeh , 2024bSchär 2020;Singla et al 2023;Valamontes 2024;Whittaker 2024;ig 2024;Zhao 2024) have explored the implications of halving events on the supply dynamics, price stability, and market sentiment of Bitcoin. Conway (Conway 2024) and many other experts (Coinbase 2024;CoinDCX 2024;Cuthbertson 2024;ET Spotlight Team 2024;Jahanshahloo et al 2023;Meynkhard 2019;Schär 2020) emphasise that the Bitcoin halving is when Bitcoin's mining reward splits in half.…”

Section: Introductionmentioning

confidence: 99%

An Empirical Examination of Bitcoin’s Halving Effects: Assessing Cryptocurrency Sustainability within the Landscape of Financial Technologies

Fabus,

Kremenova,

Stalmasekova

et al. 2024

JRFM

View full text Add to dashboard Cite

This article explores the significance of Bitcoin halving events within the cryptocurrency ecosystem and their impact on market dynamics. While the existing literature addresses the periods before and after Bitcoin halving, as well as financial bubbles, there is an absence of forecasting regarding Bitcoin price in the time after halving. To address this gap and provide predictions of Bitcoin price development, we conducted a rigorous analysis of past halving events in 2012, 2016, and 2020, focusing on Bitcoin price behaviour before and after each occurrence. What interests us is not only the change in the price level of Bitcoins (top and bottom), but also when this turn occurs. Through synthesizing data and trends from previous events, this article aims to uncover patterns and insights that illuminate the impact of Bitcoin halving on market dynamics and sustainability, movement of the price level, the peaks reached, and price troughs. Our approach involved employing methods such as RSI, MACD, and regression analysis. We looked for the relationship between the price of Bitcoin (top and bottom) and the number of days after the halving. We have uncovered a mathematical model, according to which the next peak will be reached 19 months (in November 2025) and the trough 31 months after Bitcoin halving 2024 (in November 2026). Looking towards the future, this study estimates predictions and expectations for the upcoming Bitcoin halving. These discoveries significantly enhance our understanding of Bitcoin’s trajectory and its implications for the finance cryptocurrency market. By offering novel insights into cryptocurrency market dynamics, this study contributes to advancing knowledge in the field and provides valuable information for cryptocurrency markets, investors, and stakeholders.

show abstract

The Impact of Bitcoin Halving Day on Stock Market in Indonesia

Cited by 6 publications

References 10 publications

Financial Performance's Impact on Tax Avoidance

Financial Performance's Impact on Tax Avoidance

Cryptocurrency Price Volatility Analysis on Bitcoin and Altcoins Before and During the Covid-19 Pandemic in Indonesia

An Empirical Examination of Bitcoin’s Halving Effects: Assessing Cryptocurrency Sustainability within the Landscape of Financial Technologies

Contact Info

Product

Resources

About