Post
Topic
Board Bitcoin Discussion
Re: Can Machine Learning truly predict Bitcoin's price?
by
Sirait
on 11/12/2021, 21:31:59 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?
I don't believe the price of bitcoin can be known for sure by only using machine learning and AI because changes in bitcoin prices are purely based on supply and demand made by humans in the market. machine learning and AI can only predict bitcoin prices based on market habits and the accuracy is not that great.