Quote from: jbah01 on April 12, 2014, 10:13:27 PM

Quote from: AlexGR on April 12, 2014, 09:57:59 PM

Is anyone using neural networks with the BTC price dataset?

Check out http://www.btcpredictions.com, seems to be a decent effort.
Don't know to much about the neural networks yet, but will definitely look into it of I can find some time. The guy also has a thread here somewhere.

Thanks... apparently neural networks are able to perceive patterns in "chaos" which we tend to think are random or insignificant, thus paying no attention to them.

Based on the pattern detection neural networks* can then plot future trends. Kind of (automated) technical analysis on steroids, as it's detecting multiple patterns simultaneously, not only tops/bottom/lines etc... But there are various kinds of neural networks and not all have the same accuracy.

* It's just a computer algorithm that emulates how biological neurons operate.