Topic: Can Machine Learning truly predict Bitcoin's price? - page 2. (Read 549 times)

As you have mentioned the crypto market cap is way smaller compared to the stock exchanges of even developing nations and hence has a whole lot of whale manipulation,even sound technical and fundamental analysis are thrown out of the window when the whales enter the picture,hence any ML AI algorithm would have a much greater chance at predicting stock indices over crypto in general.
Having said this i still believe that even if in the future we get an insane over the top algorithm developed if it gets popularised too much or a large capital is invested based on the algos opinions then it would create a paradoxical situation,i.e. lets say you are a wealthy investor and your algorithms prediction is a price increase ,if you invest a huge amount now you are the one who is actually being a catalyst for this growth.
But right now there is no algorithm which even has decent accuracy in predicting prices of stable assets let alone cryptocurrencies.

There will never be a 100% in prediction mate, even how good and accurate yet since it is Prediction this will never come perfectly , instead i believe that this will only give hints and opportunity to be in specific coin but not to come in permanent situation.
so Yes it can predict the price roughly and not completely .,
and also has some sort of manipulation inside.

This is like an EA in trading, where they are using a bot, but the only problem is that it is a program. My opinion with this is that this AI was also programmed to check the history. This is mostly the strategy with this and also the probability that it would happen again. Also, the candle patterns and technical analysis that a trader would use and calculate the probability that it would happen, but still it is not 100% that would predict the price.

Indeed, a waste of money and time. And there is no way to predict the future of Bitcoin and I think, we've done with our own market analysis and TA which I think we don't need such machine.
I don't know how the invention is made and how it proves that it predicts the right price. We keep thinking about the volatility of the market which makes these predictions and any form of predictions will never be perfect or even too close to it.

I believe AI - machine learning (deep learning) can possible to predict bitcoin price
but don't use time series forecasting
may be customize model training by price habits or investor habits can possible success to predict
but can do only very large size model development (like GPT-3), for small develop and simple develop can not predict bitcoin

well, how can they predict that exactly, whereas bitcoin or crypto trading is a trade about demand and need. well, actually, looking at it from youtube, I can't believe it 100%, moreover it's a machine. even bots that are designed to have a fairly accurate prediction system can't even predict bitcoin price movements. maybe it can give you speculation about from the information obtained, but I'm not sure that it's 100% true.

yes this is only for rough pricing speculating but not that accuracy so best not to expect big on this instead do your own diligence and research , observe the movement and not to deal with huge profit .
best to just take small percentage but accurate than seeking for 3 digits income.
Funny but true , this may sounds joke but if we look deeper this cannot be happen as human knows more than robot lol.

Robot prediction is to give a rough analysis based on the price trend, but it cannot predict what accidents will happen. It may be more convenient to use robots in stablecoins. Do not use robots for hype coins. The robot and our artificial analysis should be the same.

i think this does not totally predicting 100% but at least this can help collecting data to make analyzation and maybe get the closer predictions.

and besides never believe in complete prediction because this is really impossible to happen.

News are human created sometimes specially in a volatile market like crypto, whales loves to create News to shake the market and let the weak scares and sold their coins.
wrong traders will not lose more often if they will not become greedy and stupid to seek for so much income .

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.

I think supporting that Whale manipulation is what my stand here and so the AI and ML is not that accurate if someone can move the market here and there.

how can this be accurate when you know that 10-20 persons together can make this market well manipulated .
There is no such thing as 100% accurate in this, Bitcoin has limited  stocks and so as the control in value.

all those factors. are just a question of data.
EG if the AI had access to an exchanges user database, it can then easily associate the users trading patterns with when media drama occur.
EG flag the users that trade when there is 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 variables a second.
the real issue is the access to the data.

such data does exist. exchanges have it. their users database and their users order history..
but this is not publicly accessible data easy to retrieve outside the exchange.

that the crux of the issue.. not the pattern recognition. but the data access to then use in the pattern recognition

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.

AI if it had all the possible data to analyse as explained in my last post, could kinda predict price movements.
but here is the thing

if several bots all had the same data, and got triggered all when the same pattern appeared. guess what. those bots would then react and cause the pattern to break because the trigger caused a different action(due to the bots). this then causes a new variable to then try to predict.

EG if you knew everyday that a fruit stall owner sold 10 bananas an hour for 10 hours. and you then done something based on this info. such as buy up all his 100 banana's at dawn to benefit you, so that you could sell them for a few cents more during the day.
the following day. the fruit stall owner would then change his plans. by bringing 200 banana's to market, or reducing his price to compete against you. or many other things

you cant then rely on your 100 banana data from yesterday to help you tomorrow.

other examples are. if a btc market patten triggered to suggest a dip. and several bots then went on a buy spree. the suggested dip wont happen because the bots buying spree caused the price not to drop. this pattern broke.

its like pump and dump groups. without knowing that a prise rise spike was going to happen. you can cause one by chanting to enough believers that one would happen. get them to go on a buying spree and its then actually them that cause the spike due to your chanting.. thus a self fulfilling prophecy. without the suggestive chanting. the spike would not have happened.

Well, this perhaps how will work those automated trading bots or they say machine learning that powered by AI which if you will analyze from the word AI ^{[Articificial Intelenge]} which is man-made. If I am the owner of that machine learning I will not even sell into the market because every perhaps becomes a millionaire in crypto. So, --it is impossible that there is a tool that can predict the market price. Perhaps they can do execute buy and sell on your behalf but not totally tell about the exact price.

if we believe that machine learning can accurately predict up to 100% the price of bitcoin then those who buy bitcoin are bots

machine learning algorithms are man-made and man-made nothing is perfect so what is discussed on youtube is just a speculation, it will never happen

Bitcoin price moves very volatile and it is caused by various factors, such as manipulation of whales, or there is a major event such as a pandemic
that causes the price of Bitcoin to move unexpectedly. So it is very difficult to predict the price of Bitcoin accurately. Therefore I doubt there is
a machine that can accurately predict the price of Bitcoin, if there was a machine that could accurately predict the price of Bitcoin, there must be
a lot of rich people popping up. Not only are the creators of these machines rich, but the users of these machines can become rich as well.
The most effective way of predicting the price of Bitcoin is do our own research and analysis.

They can evaluate the market situation in multiple exchanges and then have an idea about the market by studying and analyzing the buy and sell wall of major exchanges. Other than that it is hard to predict the price with any machine learning and no one can predict exactly what will happen in the market and if someone finds that magic solution, he will be a billionaire  .

Prediction of Bitcoin price with Machine Learning and artificial intelligence like using some algorithm is almost impossible. Whale manipulation is so obvious to the extent I don't bother myself with technical analysis anymore, I just focus on fundamental analysis because when it comes to bitcoin price prediction fundamental analysis overrides technical analysis.

hi, i know right now there are many people that learn about machine learning, it will help people in the many ways, it can predict, give as suggestion, and anything else. but for predict bitcoin price, i think it will possible and not possible. the possible way because machine learning are learning from history, its mean they can predict price from the pattern of history chart.
and the not possible way because, the machine learning can't learn about the market sentiment, news, and the hype right now

so if you ask about predict bitcoin price with machine learning, my answer, yes it can!