Post
Topic
Board Bitcoin Discussion
Re: Can Machine Learning truly predict Bitcoin's price?
by
JohnBitCo
on 12/12/2021, 11:15:00 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?

This is not practically possible to determine the bitcoin prices with Artificial intelligence. The AI works well when you have the old data and there is the chance that same pattern may be repeated in the future which is not possible when it comes to bitcoin price.
We may input different patterns and predict the outcome but more often the trading patterns fail to execute in trading because of whales' manipulation.