Post
Topic
Board Bitcoin Discussion
Re: Can Machine Learning truly predict Bitcoin's price?
by
wxa7115
on 11/12/2021, 18:48:42 UTC
I've watched a lot of YouTube videos and read a lot of articles that claim that you can predict the Bitcoin price with Machine Learning and artificial intelligence like using some algorithm. Truth be told it is both intriguing and almost at the same time confusing. Personally, I don't think any ML or AI tech can make any price prediction now because we have a lot of whale manipulation (because the market size is smaller than any other market). Well, while I may be wrong I would like to know what you think. Have you ever gotten a satoshi richer by following the prediction of an algorithm?
Like most of the time it depends on what are your expectations out of the predictions that can be produced by Machine Learning, if you are expecting that the markets can be predicted all the time with perfect accuracy then it is obvious nothing can produce results like that.

However can the markets be traded that way and produce profits? Of course, and there are many trading firms doing exactly that, however if you do not know anything about coding, computers, artificial intelligence and machine learning then you better stay away from it.