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?
If it was possible to predict all financial markets by using algorithms,then any trader in the world would be using those algorithms and profiting and no one would be losing money from trading.This is ridiculous because trading on the financial markets is a zero sum game and the profit of one is the loss of another.
There are factors on the financial markets that cannot be predicted by any trading bot,AI or algorithm,like FUD news for instance.Can some AI bot read all FUD news and decide which ones are going to move the cryptocurrency prices and which ones are fake FUD?AI bots aren't that intelligent,aren't they.
