Topic: 🤖 Future of Trading - AI vs Humans the Prediction Challenge WIN 0.05 BTC 🤖 - page 13. (Read 6262 times)

My BTC price prediction for Friday 08.12.2017

$17.720

My BTC price prediction for Saturday 09 Dec. 2017 end of day is 17014.86$

My prediction is 18,900 for today 8/12

Ok, I will go with AI cant get fear factor dialed in so I am going to say it will be $15853

After a very volatile day this is AIEVE's prediction for the next day, let us see if she could learn from her mistakes





Ps:

My personal Prediction will be 19.000 $ / btc - we will reach 20.000$ but then a pull back because people will take profit! 

Yes of course - it would be pretty mean to post it here and not let you guys use it in the end or?

We plan to release the AI for commercial use in 2018!

So will we be able to use this AI?

Hello Labrader,

the volatality in the crypto markets is mainly because of the lack of liquidity and of the price discovery of a completely new asset class e.g. lack of information about the fundamentals.

In our todays digital world - especially crypto - the volume of data blasts away every human understanding and even the most recognized experts have difficulties to keep up with the newest developments.
This is where the power of Big Data Analysis and Automatic Machine Learning comes into play - it discovers the best possible projects based on all global available data and ever evolving algorithmic market models and could put most needed liquidity in exact such projects.

One example could be:

In the future there will be rumours of china banning the private mining of Bitcoins while nationalizing every ASIC producer and mining farms.
The whole world knows it is real (AP fake tweet sends DOW into free fall) except that it is fake.
AIEVE's Big Data Analysis and Automatic Machine learning could forecast a mega dump and recovery of the price because AIEVE knows the news are fake and could step in to lessen the volatality while profiting.



This is already reality in classical stocks.
Wall Street companies are running super computers for market prediction algorithms and these are fighting over profits with each other - for years already.
The future is not set in stone, it is also ever evolving based on every market (or market relating) participants decision and exactly this is the main problem we humans face: hugely increasing data volumes which nowadays can only be analysed by computer software.

So i believe like everyone is talking about AI becoming medical or legal advisers, it is inevitable that we soon will have AI based financial advisers.

My prediction for Friday end of day is $22,518.

Why? Because the daily increase is accelerating, at least until the opening of the Bitcoin futures markets. Today was about +22%, for tomorrow I estimate +30%.

If everybody would be using an advanced AI to very exactly predict the market, what would the point of trading be? IMHO, obiously you would need LOW adoption for your tool to make it valuable.

Everybody knowing exactly what the market looks like tomorrow makes for no market at all: the definition of a market is to exchange something of different value for the participants. Not something of equal value.

I mean, the ideea is very cool, but you should keep it secret if you actually plan to use the bot/ai for something.

Could you elaborate on this?

My price prediction 17300$ .

My BTC price prediction for Friday 08 Dec. 2017 end of day is 16128.32$

ok fair enough. For end of day Dec 08, 2017, I predict 14,800 USD for BTC.

Please post your predictions here and do not edit the prediction post - else it wont be counted!

interesting contest, are we supposed to post daily predictions here, or is there a spreadsheet or via direct message ?..

There are daily predictions, but the winners will be choosen from the people with the 10 best predictions (least error averaged over the 10 best predictions)!
So joining earlier gives you more chances to have a good prediction

I think BTC will go down for sure in the midterm - people will want to take profit.

We will announce the winner in this thread after the challenge is done

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@rigoruous

Thanks for explaining!

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@jeremyB

Thanks for asking, i added an example to the rules and will try to rephrase so it is easier to understand

Ok that's clearer now, thanks @Rigorous!

You had until at 02:30 GMT today, which is 8 hours and 15 minutes ago, to enter your prediction for the price of Bitcoin at the end of today, which is one minute after 7 December 23:59 GMT which is 8 December 00:00 GMT.

Now you can submit until 8 December 02:30 GMT the prediction for the price of Bitcoin at the end of 8 December 23:59 GMT, which is 9 December 00:00 GMT.

Thanks but OP said:


So I'm a bit confused.