ST.

VINCENT COLLEGE OF CABUYAO

COLLEGE OF BUSINESS STUDIES

May 11, 2022

MR. ROMNICK BONTIGAO, CPA, CTT, MRITax, MBA

Professor
St. Vincent College of Cabuyao

Dear Sir:

I am a college student of St. Vincent College of Cabuyao taking up BS in Accountancy student and currently working on
my study entitled “Investment Practices and Financial Risk of Cryptocurrency/Assets Investor: Inputs to
Investment Strategies”.

In line with this, the researchers would like your expertise to validate the attached self-made questionnaires to qualify for
conduction. Knowing your experience in the field of research and education, I would like to ask for your help in
validating the said instrument before administering it to the participants of this study.

I have attached herewith the title, statement of the problem of the study, and validation sheet which contains the
questionnaires. I will be glad to hear your suggestions and comments on the improvement of the instrument.

I am looking forward that my request would merit your positive response. Your positive response is highly appreciated.
Thank you and God bless.

Thank you very much.

Respectfully yours,

HANNAH MAE ECO GLENN ANITAN RICSELLE REDONDO

Researcher Researcher Researcher

Noted:

MR. RICHARD PEREZ, CPA, CTT, MRITax, MBA

Thesis Adviser

MR. FRITZ PEREZ, CPA, CTT, MRITax, CEMP, MBA

Program Head, Business Studies

TITLE OF THE STUDY:

INVESTMENT PRACTICES AND FINANCIAL RISK OF
CRYPTOCURRENCY/ASSETS INVESTOR: INPUTS
 ST. VINCENT COLLEGE OF CABUYAO
COLLEGE OF BUSINESS STUDIES

TO INVESTMENT STRATEGIES

Researchers:
1. Hannah Mae Eco
2. Glenn Anitan
3. Ricselle Redondo

STATEMENT OF THE PROBLEM

This study aimed to determine the relationship of investment practices and financial risk of
cryptocurrency/assets. Specifically, this academic paper sought to answers the following research questions:

1. What is the level of application of investment practices on cryptocurrencies/assets in terms of:

1.1. Investment goals; and
1.2. Risk tolerance?

2. What is the extent of financial risk in investing in cryptocurrencies/assets in terms of:

2.1. Volatility risk;
2.2. Liquidity risk; and
2.3. Operational risk?

3. Is there a significant relationship between investment practices and financial risk of cryptocurrency/assets?

4. Based on the results of the study, what inputs to investment strategy may be proposed?

QUESTIONNAIRE VALIDATION SHEET

Name of Validator: ____________________________________

Highest Educational Attainment: ____________________________________ (Licensed/Masters/Doctorate)
Position Held: ____________________________________ (Professor/Practitioner)
Field of Specialization: ____________________________________
Signature: ____________________________________
 ST. VINCENT COLLEGE OF CABUYAO
COLLEGE OF BUSINESS STUDIES

SURVEY QUESTIONNAIRE Respondent’s Profile

Name (Optional):

Part I: Statements below pertain to the Investment Practices of Cryptocurrency/Assets Investors.

Instruction: Please read the following statements below, using the rating scale below, put a check that corresponds your
answer.

4 – Strongly Agree 3 – Agree 2 – Disagree 1 – Strongly Disagree

A. Investment goals 4 3 2 1
Buying cryptocurrency/assets whose value is low or that I believe are likely to
1
increase, then sell to make a profit.
Buying cryptocurrency/assets whose price has been bouncing up and down within
2
two prices to sell at the top and make a profit.
Buying cryptocurrency/assets at the pullback in an upward market, then sell at the
3
resistance to make a profit quickly.
Selling a portion of the investment to gain direct exposure to the demand for
4
cryptocurrency/assets.
5 Selling the entire investment once it reaches the price target range to lock in gains.
Holding cryptocurrency/assets for a certain amount of time to generate highest
6
possible return.
7 Investing in cryptocurrency/assets to save an emergency fund.

8 Holding cryptocurrency/assets to used as a hedge against inflation.

9 Investing in cryptocurrency/assets to diversify overall investment portfolio.
10 Investing in cryptocurrency/assets as a long-term investment or retirement fund.

B. Risk Tolerance 4 3 2 1
1 Taking a consultation in a financial advisor before investing.
2 Selling a portion of investment as soon as the technical level is breached on the
downside to stem losses before they grow too large.
Studying on the technical aspects (e.g., trading history, market capitalization,
3
trading volume and supply) frequently.
4 Allocating a certain percentage of cryptocurrency to hold in a portfolio together
with other asset classes.
5 Buying cryptocurrency based on how long they exist.

6 Investing in cryptocurrency exchange-traded fund (ETF).

 ST. VINCENT COLLEGE OF CABUYAO
COLLEGE OF BUSINESS STUDIES

7 Investing in Initial Coin Offering (ICO).

8 Indirect investment in cryptocurrency through blockchain companies.
9 Storing the majority of cryptocurrencies in my cold wallet.
10 Creating an exit strategy before investing.
 ST. VINCENT COLLEGE OF CABUYAO
COLLEGE OF BUSINESS STUDIES

Part II: Statements below pertain to the measurement of the extent of Financial Risk of Cryptocurrency/Assets.

Instruction: Please read the following statements below, using the rating scale below, put a check that corresponds your
answer.

4 – Strongly Agree 3 – Agree 2 – Disagree 1 – Strongly Disagree

A. Volatility Risk 4 3 2 1
1 Safeguards investment against adverse market cycles.
2 Value increased significantly.
3 Generate large gains with minimal time expenditure.
4 It helps to reach short-term goals.
5 Survive market fluctuations.

B. Liquidity Risk 4 3 2 1
1 It helps to reach long term goals.
2 Able to sell at a reasonable price.
3 Able to easily exit a position at any time.
4 It helps to create a more balanced portfolio.
5 Provides competitive price quotation.

C. Operational Risk 4 3 2 1
1 Reduced charges (e.g., transaction cost)
2 Improves overall portfolio performance.
3 Enhanced level of insurance against losses.
4 Kept cryptocurrency investment safe from scams.
5 Reduced risk of cyber attacks (e.g., hacking and theft)