What are the reasons for the preference of using a sample over a population in cryptocurrency studies?

3 answers

• Dec 26, 2021 · 3 years ago
  One reason researchers in cryptocurrency studies prefer using a sample over studying the entire population is because it is often impractical or impossible to collect data from every single individual or transaction in the cryptocurrency market. By selecting a representative sample, researchers can still obtain valuable insights and draw meaningful conclusions without the need for extensive resources and time. Additionally, working with a sample allows researchers to focus their efforts on specific aspects or subsets of the cryptocurrency market, which can lead to more targeted and accurate findings.
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• Dec 26, 2021 · 3 years ago
  Using a sample in cryptocurrency studies offers several advantages. Firstly, it allows researchers to reduce the costs and time associated with collecting data from the entire population. Secondly, it provides a manageable dataset that can be analyzed more efficiently. Thirdly, studying a sample can help identify patterns and trends within the cryptocurrency market, which can then be extrapolated to make predictions about the larger population. Overall, using a sample allows researchers to conduct rigorous and insightful studies while overcoming practical limitations.
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• Dec 26, 2021 · 3 years ago
  In cryptocurrency studies, using a sample instead of the entire population is a common practice due to the decentralized nature of cryptocurrencies. Since cryptocurrencies operate on a global scale and involve millions of users and transactions, studying the entire population would be extremely challenging. By using a sample, researchers can still capture the diversity and complexity of the cryptocurrency market while focusing their analysis on a manageable subset. This approach allows for more targeted research and can provide valuable insights into the behavior and dynamics of cryptocurrencies.
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