Post
Topic
Board Bitcoin Discussion
Re: Can Machine Learning truly predict Bitcoin's price?
by
TheUltraElite
on 13/12/2021, 05:18:37 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?
Prediction algorithms, ML and AI are currently the talk of the century. It is because of certain tech companies working on such projects that every social media platform ends up creating a buzz around it filled with users who dont even have any sort of tech background to talk about it.

Videos on YT get recommended by what people watch in your demographic and they should not be taken as all real or an interpretation of what is being done.

Heck if it was even real, then the market for such software would have gone up in huge demand for every trader would have wanted it. But that is not the case. Buzzwords should always be avoided and this is the bad effect when we give them unwanted attention.

The only thing that one needs to remember when thinking about prediction - they are based on previous chart data and recent news trends. But how the market may move depends on a lot of different reasons very much unknown to the common people. Hence such predictions can only be 50-50 correct, just like any other new analyst or self-proclaimed "financial advisor". I would rather do my own research on pen and paper.