CO4820 Project: Cryptocurrency Survey, Data Analysis & Planning

This project outlines the planning and design of a cross-sectional empirical data survey focused on cryptocurrencies. The research design involves surveying 60 popular cryptocurrencies and estimating a regression model to identify key drivers of cryptocurrency value, including competition, production rates, and mining algorithm complexity. The project details participant recruitment from Australian university marketing students aged 25-40, and specifies the use of dichotomous (Yes/No), Likert-type scale, and open-ended survey questions. The expected data will be numerical, allowing for ANOVA testing and bar chart visualizations. The survey questions cover topics such as awareness, security perceptions, risk tolerance, and profit expectations related to cryptocurrencies. References to relevant research articles are also included. Desklib provides a wealth of resources, including past papers and solved assignments, to support students in their academic endeavors.

CO4820 Assignment 2
Planning Sheet (Example)
Title of the Work Text entry mistakes
Description of the research design:
In this plan, a cross-sectional empirical data
survey is used. Here 60 kinds of popular
cryptocurrencies are surveyed. Further, an
effective regression model is estimated.
This indicates that the primary drivers of
value of cryptocurrency [2].
This determines the overall level of
competition. This take place under the
network of various producers, the rate of
production per unit and complexity on
algorithm utilized for mining for the
cryptocurrencies.
This used as the innitial point. It has no-
arbitrage case which is deployed for Bitcoin
such as different types of cryptocurrencies.
Further, this is followed by formalization of
the model of cost of a production. This is
helpful to determine the overall fair value
of bitcoins [3].
People recruited to the work:
The regression results are used as a type of
efficient facilitator. Here, the overall series
of related equations are been formalized.
This is done for calculating the total
number of units of cryptocurrency used as
a important producer. This is done with
huge quantity of hashing powders that is
expected to be found out on average. At
last, the cost of production model. This is
put forward and deployed for establishing
the values of break-values for the producer
of bitcoins [1]. The extrapolating the model
for accounting the regulating and average
values for aggregating the mining network
for bitcoins, a model of the cost of
production. This closely approximates the
market price for dollars versus bitcoins.
 Here, various students of marketing
department, of various universities
at Australia are to be chosen. They
should be aged between 25 to 40.
Type of resuting data:

The data would be in number format.
Before creating the survey, at first the
purpouse is needed to be determined. This
must include comiling the market research
and quantitative data would be retribed
from here. Then the feedback must be
solicitated and the performance is to be
monitored. The percentage of the
responses are to be written down. This
must be compared to futre results against
the guesses [4]. This process of pre-survey
is helpful to synthesize the vital aspects of
survey and guide the design process.
However, it must be reminded that as the
scope of the survey widens, few people can
likely respond.
Firtsly, the survey questions consists of
dichotomous questions. It comprises of
questions that comprises of two porobable
answers. Here, individuals are asked for
Yes/No. They are used for the clear
classification of respondent’s opinions,
experiences and qualities.
Secondly, a Likert-type scale is used here.
This assumes that the intensity and
strength of the experience is linear. This
indicates that it is over the continuum from
the “strong agree” to “strongly disagree”, It
also makes the assumptions that the overall
attitudes are measured. The current Likert
scale is a five poiny scale. This is used for
allowing the people to express to what
extent they have been agreeing and
disagreeing with specific statement.
Lastly, some common questions are
developed, that would be answered by the
respondents in complete sentences.
Survey
The survey is done on various people involved in the money transaction in the share market.
Have your heard about cryptocurrency ? Yes/No
Opinion about security of cryptocurrency ?
better than real currency/similar to real currency/ worse than real currency
Are you ready to take a legal risk on investment on cryptocurrency ? Yes/No

Concerning with the possibility for profit from cyptocurrencies in markets do you think that
profit would be ? better than real currency/similar to real currencty/ worse than real
currency
Are you aware of the safety of cryptocurrency? Yes/No
Do you think the current bitcoin benefits you ? Yes/No
Do you think that the volatility of crypto-currencies increasing.
Strongly agree/Agree/Neutral/Disagree/Strongly disagree
There is a good evidence against the efficieny of market.
Strongly agree/Agree/Neutral/Disagree/Strongly disagree
Is the investment on cryptocurrecy free of fraud?
Definetly not/ probably not, probably, most probably
Which of the below coin will have the good value in next 2 years ?
Bitcoin/ Marker/Ethereum
If you plan to buy a crytocurerrency which one you prefer ?
Free text

References:
[1]Gregory, Daniel. Cryptocurrency and its forensic significance. Diss. Murdoch University,
2018.
[2]Ahn, David. "Cryptocurrency dilemma for underserved countries." The Business &
Management Review 9.3 (2018): 279-279.
[3]Hamilton, Charles. "Cryptocurrency: The Ultimate Guide to Cryptocurrencies and Digital
Money; Learn about Blockchain and How to Invest in Bitcoin, Ethereum, Litecoin and More."
(2017).
[4]Krafft, Peter M., Nicolás Della Penna, and Alex Sandy Pentland. "An experimental study of
cryptocurrency market dynamics." Proceedings of the 2018 CHI Conference on Human
Factors in Computing Systems. ACM, 2018.