Re: Can Machine Learning truly predict Bitcoin's price?

Quote from: eaLiTy on Today at 08:14:47 PM

Quote from: Akash1243 on Today at 06:49:12 PM

I think machine learning can predict bitcoin's value but not that accurately as machine learning predicts by analyzing past patterns , it wouldn't take into consideration of current news. For example Covid lockdown and many other factors which affects bitcoin's value in real time.So IMO also do your research before believing in youtubers and investing blindly.

They can evaluate the market situation in multiple exchanges and then have an idea about the market by studying and analyzing the buy and sell wall of major exchanges. Other than that it is hard to predict the price with any machine learning and no one can predict exactly what will happen in the market and if someone finds that magic solution, he will be a billionaire Cheesy

Well, this perhaps how will work those automated trading bots or they say machine learning that powered by AI which if you will analyze from the word AI ^{[Articificial Intelenge]} which is man-made. If I am the owner of that machine learning I will not even sell into the market because every perhaps becomes a millionaire in crypto. So, --it is impossible that there is a tool that can predict the market price. Perhaps they can do execute buy and sell on your behalf but not totally tell about the exact price.