Armin Kovači, Slaven Ljolje
University of Modern Sciences CKM, Mostar, Kneza Domagoja 12, Bosnia and Herzegovina


3rd International Scientific Conference – EMAN 2019 – Economics and Management: How to Cope With Disrupted Times, Ljubljana – Slovenia, March 28, 2019, SELECTED PAPERS published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; Faculty of Management Koper, Slovenia; Doba Business School – Maribor, Slovenia; Integrated Business Faculty –  Skopje, Macedonia; Faculty of Management – Zajecar, Serbia, ISBN 978-86-80194-19-6, ISSN 2683-4510


Cryptocurrencies are a digital-economic phenomenon that appeared in the last 6-7 years and attracted considerable attention. From the seemingly worthless concept of so-called „cryptocurrencies”, they gained tremendous value and thus challenged some of the fundamental settings of the ruling economy. Their value is not determined by some monetary institution as it is with the euro, the dollar or some other currency. However, the seemingly stable value of the cryptocurrency has, over the period of its existence, been substantially oscillated several times, suggesting certain elements of risk in terms of future investment in them. The trend of the cryptocurrency value is currently unfavorable. Does this mean that a complete concept of cryptocurrencies will come to an end? What is the perspective? Can we expect the re-increase of the value of the cryptocurrency? Will the cryptocurrencies replace the existing money in recent time? This and many other issues are awaiting their answers in the upcoming period. This paper seeks to provide some guidelines based on the analysis of the previous trend of cryptocurrency value and to provide answers to some of these questions.


cryptocurrencies, financial market, finance


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