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A Study On The Problems Faced By Cryptocurrency
Traders During The Period Of Digital Transformation
In Chennai
Dr. D UNIKA,
ASSOCIATE PROFESSOR, DEPARTMENT OF COMMERCE,
Patrician College of Arts and Science, Chennai.
S VINOTH KUMAR,
M.Com, M.Phil. Pursuing
Patrician College of Arts and Science, Chennai
INTRODUCTION
 IN EVERY STAGE MONEY WAS USED AS A MEDIUM OF
EXCHANGE
 MONEY HAS VARIOUS DIMENSIONS USED BY
DIFFERENT COUNTRIES
 DUE TO THE TECHNOLOGY DEVELOPMENT THE
VIRTUAL FORM WAS CHANGED INTO A DIGITAL
FORM
 THIS DIGITAL TRANSFORMATION IS TAKEN PLACE
WITH THE HELP OF BLOCKCHAIN TECHNOLOGY.
OBJECTIVES OF THE STUDY
The main objective of the study is to identify the problems faced by
cryptocurrency traders in the period of digital transformation.
The secondary objective of the study is to know about the level of
satisfaction of cryptocurrency traders with their cryptocurrency
earnings.
To study the background overview of cryptocurrency traders.
3
HYPOTHESIS OFTHE STUDY
4
NULL HYPOTHESIS: There is no significant difference between
gender and trading problems
ALTERNATIVEHYPOTHESIS: There is a significant difference
between gender and trading problems
RESEARCH DESIGN
Research is adding something new to an existing stack of
knowledge.
The main objective of the research was to formulate new
theories and identify a new problem.
In this article, we have gone through descriptive research.
This article describes the fact-finding investigation which helps
to interpret the conditions that exist.
Data are collected from the general public who are working in
schools, colleges, bank employees, and IT professionals
5
REVIEW OF LITERATURE
• IowanAmsyar.et.al(2020).,“TheChallengeof
CryptocurrencyintheEraoftheDigitalRevolution-
Areviewofsystematicliterature,thisstudywas
conductedtofindouttheproblemsandobstacles
thatwillbefacedwhileusingcryptocurrency,here
theresearcher usedasystematicliterature
researchmethodtocollectthequestionnairefrom
thepublic,theauthorconcludesthat
cryptocurrencyusestheBlockchainplatformto
ensureitssecurity.ByusingCryptocurrency,itcan
beeasier forpeopletomaketransactionsquickly
becausethereisnointermediary”
6
STRATEGIES FOLLOWED INTHE CRYPTO MARKET
BLOCKCHAINTECHNOLOGY
 Blockchain is a digital data
storage system that uses
cryptography to store special
notes.
 All information submitted into the
database will be kept on a system
of computers comprised of
thousands of these nodes.
MULTI-LEVEL MARKETING
 MLM is selling products to
customers indirectly by direct
marketing.
 In network marketing,
cryptocurrency can function both
as a product and a payment
method. if one person starts to use
the product it will be referred to
another one and it will be
continued.
7
8
In latest years, more crypto hackers have begun to
introduce fake cryptocurrency values using this
pump-and-dump strategy.
The principal reason for this crime was the reality
that several developing nations still refused to
approve this currency as a centralized one.
Using wrong information, misguide others into
believing an investment has high potential.
PUMP AND DUMP APPROACH INTHE CRYPTO MARKET
CHART
9
FINDINGS
9
For the analysis purpose chi-square test was used to find
out the significance level of the hypothesis.
From this study, compared to other sectors, IT people and
educational institution employees are the major traders of
cryptocurrencies
Hence, we fail to reject the null hypothesis.
Therefore, there is no relationship between gender and the
problems faced by cryptocurrency traders.
11
Thefollowing suggestions arebasedonthe studywhichwill helpful tocryptocurrency
tradersforsafeguarding fromproblems whiletrading.,
Before goingintocryptotradingkindlyhavea basicknowledge ofcryptocurrency.
Choose the besttradingcoinswhichwillhaveafuturisticvalue.
Don’tuploadallyourdetails withoutverifying the software.
Beawareofthepumpanddumpscammers.
Don'tusetheMLMstrategy whentrading.
SUGGESTIONS
CONCLUSION
Digital currencies are the future
currencies that will be carried forward by
the nations. Every country’s development
is based on its GDP. So far, this was
calculated based on export and imports as
well as on the income earned by A single
person in A country. In the future,
cryptocurrencies will have A significant
impact on A person's overall income.
1
2
THANKYOU!

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PROBLEMS FACED BY CRYPTO TRADERS.pptx

  • 1. A Study On The Problems Faced By Cryptocurrency Traders During The Period Of Digital Transformation In Chennai Dr. D UNIKA, ASSOCIATE PROFESSOR, DEPARTMENT OF COMMERCE, Patrician College of Arts and Science, Chennai. S VINOTH KUMAR, M.Com, M.Phil. Pursuing Patrician College of Arts and Science, Chennai
  • 2. INTRODUCTION  IN EVERY STAGE MONEY WAS USED AS A MEDIUM OF EXCHANGE  MONEY HAS VARIOUS DIMENSIONS USED BY DIFFERENT COUNTRIES  DUE TO THE TECHNOLOGY DEVELOPMENT THE VIRTUAL FORM WAS CHANGED INTO A DIGITAL FORM  THIS DIGITAL TRANSFORMATION IS TAKEN PLACE WITH THE HELP OF BLOCKCHAIN TECHNOLOGY.
  • 3. OBJECTIVES OF THE STUDY The main objective of the study is to identify the problems faced by cryptocurrency traders in the period of digital transformation. The secondary objective of the study is to know about the level of satisfaction of cryptocurrency traders with their cryptocurrency earnings. To study the background overview of cryptocurrency traders. 3
  • 4. HYPOTHESIS OFTHE STUDY 4 NULL HYPOTHESIS: There is no significant difference between gender and trading problems ALTERNATIVEHYPOTHESIS: There is a significant difference between gender and trading problems
  • 5. RESEARCH DESIGN Research is adding something new to an existing stack of knowledge. The main objective of the research was to formulate new theories and identify a new problem. In this article, we have gone through descriptive research. This article describes the fact-finding investigation which helps to interpret the conditions that exist. Data are collected from the general public who are working in schools, colleges, bank employees, and IT professionals 5
  • 6. REVIEW OF LITERATURE • IowanAmsyar.et.al(2020).,“TheChallengeof CryptocurrencyintheEraoftheDigitalRevolution- Areviewofsystematicliterature,thisstudywas conductedtofindouttheproblemsandobstacles thatwillbefacedwhileusingcryptocurrency,here theresearcher usedasystematicliterature researchmethodtocollectthequestionnairefrom thepublic,theauthorconcludesthat cryptocurrencyusestheBlockchainplatformto ensureitssecurity.ByusingCryptocurrency,itcan beeasier forpeopletomaketransactionsquickly becausethereisnointermediary” 6
  • 7. STRATEGIES FOLLOWED INTHE CRYPTO MARKET BLOCKCHAINTECHNOLOGY  Blockchain is a digital data storage system that uses cryptography to store special notes.  All information submitted into the database will be kept on a system of computers comprised of thousands of these nodes. MULTI-LEVEL MARKETING  MLM is selling products to customers indirectly by direct marketing.  In network marketing, cryptocurrency can function both as a product and a payment method. if one person starts to use the product it will be referred to another one and it will be continued. 7
  • 8. 8 In latest years, more crypto hackers have begun to introduce fake cryptocurrency values using this pump-and-dump strategy. The principal reason for this crime was the reality that several developing nations still refused to approve this currency as a centralized one. Using wrong information, misguide others into believing an investment has high potential. PUMP AND DUMP APPROACH INTHE CRYPTO MARKET
  • 10. FINDINGS 9 For the analysis purpose chi-square test was used to find out the significance level of the hypothesis. From this study, compared to other sectors, IT people and educational institution employees are the major traders of cryptocurrencies Hence, we fail to reject the null hypothesis. Therefore, there is no relationship between gender and the problems faced by cryptocurrency traders.
  • 11. 11 Thefollowing suggestions arebasedonthe studywhichwill helpful tocryptocurrency tradersforsafeguarding fromproblems whiletrading., Before goingintocryptotradingkindlyhavea basicknowledge ofcryptocurrency. Choose the besttradingcoinswhichwillhaveafuturisticvalue. Don’tuploadallyourdetails withoutverifying the software. Beawareofthepumpanddumpscammers. Don'tusetheMLMstrategy whentrading. SUGGESTIONS
  • 12. CONCLUSION Digital currencies are the future currencies that will be carried forward by the nations. Every country’s development is based on its GDP. So far, this was calculated based on export and imports as well as on the income earned by A single person in A country. In the future, cryptocurrencies will have A significant impact on A person's overall income. 1 2