Post
Topic
Board Speculation
Re: Predicting about $420 in 24 hours, upper $400s by Thursday
by
bitleif
on 23/09/2014, 22:18:00 UTC
Lol the site didn't predict this. Nobody knew these news about PayPal would have such huge impact.. No, not even that site..

What if news does not move price like this? Also, are you sure that you fully comprehend the potential of a predictive learning algorithm?

As one who usually argues that long-term trends in BTC are not at all news driven: it's pretty obvious that THIS move was news driven.

Also, a price pattern recognizer may actually be good at predicting a market's responsiveness to positive news. But it will of course not be able to predict WHEN the news happens.