Quote from: intighet on September 23, 2014, 10:06:04 PM

Quote from: btcisreal on September 23, 2014, 09:32:23 PM

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.

bitleif

Posts

Merits