Post
Topic
Board Bitcoin Discussion
Re: Can Machine Learning truly predict Bitcoin's price?
by
franky1
on 13/12/2021, 04:57:33 UTC
I doubt that machine learning is capable of predicting the price of Bitcoin. There are market-makers that guide the price, also there are different news that can't be predicted and taken into consideration, so there are too much factors that influence the price. If this machine uses trading patterns, I don't think that it will always guess the price as according to statistics, traders lose more often than earn.

all those factors. are just a question of data.
EG if the AI had access to an exchanges user database.
and able to associate the users trading patterns with when media drama occur.
EG flag the users that trade on media hype
it can then total up the exchange balance of those flagged users. to know how much total value could hit the order books when media drama occur. thus gauge how much volume trade could occur in a media drama hour, day, week

the issue is not pattern recognition or too many factors. computers can sift through billions of variable s a second.
the real issue is the access to the data.