How much would you pay for a bitcoin price prediction service with 80% accuracy?

SONG GEET

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Quote from: Crypt0walker on January 29, 2018, 08:32:25 AM

Back to a LONG position on Bitcoin.

Bitcoin is currently trading on Bitfinex @ 11,289

Ok keep posting your predictions here and we will follow yours tips for next few days to see is it true or not. You can keep trading for your own profit and run this thread under speculation section of the forum for free.

Crypt0walker

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Back to a LONG position on Bitcoin.

Bitcoin is currently trading on Bitfinex @ 11,289

Crypt0walker

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Closing the Long now at 11,236. Not peeking up speed enough, will return to long once the algorithm shouts again

Crypt0walker

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guys, check this out. A Prediction in realtime.

Switching temporarily from short to long on bitcoin.
LONG now. Bitcoin is currently trading on bitfinex @ 11,220

SonOfNorth

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THE GAME OF CHANCE. CHANGED.

Absolutely nothing, because you're just guessing, and even a guess hits correct every now and then. Also it's good to note that since the whole thing is growing because of constant adoption, making claims that the price will rise is just self-evident. You cannot predict cryptocurrencies, there's no point in trying for any other reason than passing your time.

ralle14

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All of the replies are not interested with what OP has to offer and I agree with them. There might be others that could be interested to try this depending on the price tag.

This kind of service is the same as paying a paid prediction in sports for us to put money on that isn't guarantee to hit most of the time. Promising a high hit rate is hard to maintain once you make a lot of predictions

Quote from: Crypt0walker on January 29, 2018, 06:10:34 AM

VitKoyn (or others), what kind of proof would suffice to convince you?

I've written 5 predictions here in realtime, 5/5 were correct.
If I would write 30 predictions (in realtime, that you can verify prices match bitfinex) of which around 24 would be correct, would that suffice?
If I would manage a portfolio, with trades written in realtime in the forum, which generates at least 50% profit in 1 month, would that suffice?

This a good way of getting people interested with your service. I don't think this would convince us but it won't hurt in giving it a shot if you really want to offer a prediction service.

onnz423

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I doubt anybody would pay for this service until it is fully operational, and proven. However, if you truly believe that your program can consistently predict BTC movement with 80% accuracy, I would suggest keeping it to yourself, or possibly set up some sort of mutual fund with a group of investors. I am assuming you are talking 80% accuracy in short term predictions, as I can make a statement with nearly 100% accuracy in the long term.... Bitcoin value will increase.

Crypt0walker

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Quote from: silent17 on January 29, 2018, 05:13:05 AM

As you already stated, you yourself don't fully believe that your prediction will always be correct, because you believed that it is indeed very risky.
So what is your purpose on asking for a Fee for your prediction, that is uncertain to make a profit?

There is a speculation thread here in this forum, why don't you try and help them instead of making them pay.

I was referring to operational risk, not the risk of loss from trading activities, which can be handled with risk management (i.e never risk more than 2-8% of equity on a trade).

Quote from: VitKoyn on January 29, 2018, 05:37:31 AM

I will never pay for any services like this even with discounted price because there is no way for anyone to predict what exactly will be the movement of the price of Bitcoin. And lets say your previous prediction are right but that is all just speculations and no real proof, that is why we can say that it is just a luck. And I also think that people will not have any interest on paying for this, they would rather pay for pump and dump groups (which is also not recommended) than pay for predictions that have no guarantee that it is accurate.

VitKoyn (or others), what kind of proof would suffice to convince you?

I've written 5 predictions here in realtime, 5/5 were correct.
If I would write 30 predictions (in realtime, that you can verify prices match bitfinex) of which around 24 would be correct, would that suffice?
If I would manage a portfolio, with trades written in realtime in the forum, which generates at least 50% profit in 1 month, would that suffice?

VitKoyn

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Quote from: Crypt0walker on January 28, 2018, 01:53:57 PM

I've written numerous predictions on bitcoin's price in these threads:

https://bitcointalksearch.org/topic/m.29119975
https://bitcointalksearch.org/topic/m.28710242

I can prove unmatched ability to predict it's movement (I use unique machine learning algorithms).

Currently wondering if I should continue using it for my own profit, or is there anything to gain from creating a service?
A profit from a service would have to be significant in order to be worth it, so i'm wondering how much would people pay for it?

You can see my predictions in realtime now - I am SHORT on bitcoin right now (Current price in bitfinex is $11,550). Watch the price as it drops soon.

I will never pay for any services like this even with discounted price because there is no way for anyone to predict what exactly will be the movement of the price of Bitcoin. And lets say your previous prediction are right but that is all just speculations and no real proof, that is why we can say that it is just a luck. And I also think that people will not have any interest on paying for this, they would rather pay for pump and dump groups (which is also not recommended) than pay for predictions that have no guarantee that it is accurate.

silent17

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Quote from: Crypt0walker on January 29, 2018, 04:45:56 AM

Quote from: boyshx on January 29, 2018, 12:33:35 AM

Nothing is wrong with your services here but there is one matter of fact that people will focus on the thing that if you could predict that with 80% of accuracy then why not use it your self and just get rich through the night!

Thats what you mentioned in your post above. People here want services which will make them trust it at the very first time and not just predict things, and get confused with it.

The confusion? How great is that you have algorithm to predict the correct prices but still you are here hawking for the pennies in exchange with that service above! This will create bad loop in everyone's head I tell you!

People won't spend money because they trust on the systems which are in place since old times, which are socially popular and are in the discussion everyday. You may struggle a lot with that one.

I would suggest you to create free services initial, may be a website or something where you predict the prices everyday and then you match the thing with everyday real time data. If people start recognising your site then you can start charging for your services.

You are right and pointed the main issue with "prediction" services. If they work - why don't they just make a living out of it?
This is why most are scam or not really good at all.

Well in my case it's not that simple.
I can make a living from it, but it's risky, because to trade you need to have funds in the exchanges - which as everyone know is not very safe.
I won't put big sums in an exchange at any given time, and that makes it hard to generate big profits.

It's enough to make a living though, but that's not enough.
I was wondering if a service can generate a lot of revenue, but from people's responses there isn't a demand for it.

There is also the fun of showing people you can practically predict the future, and helping them.

So far the responses in this thread suggest it's better to just stop publishing my predictions here.

As you already stated, you yourself don't fully believe that your prediction will always be correct, because you believed that it is indeed very risky.
So what is your purpose on asking for a Fee for your prediction, that is uncertain to make a profit?

There is a speculation thread here in this forum, why don't you try and help them instead of making them pay.

Crypt0walker

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Quote from: boyshx on January 29, 2018, 12:33:35 AM

Nothing is wrong with your services here but there is one matter of fact that people will focus on the thing that if you could predict that with 80% of accuracy then why not use it your self and just get rich through the night!

Thats what you mentioned in your post above. People here want services which will make them trust it at the very first time and not just predict things, and get confused with it.

The confusion? How great is that you have algorithm to predict the correct prices but still you are here hawking for the pennies in exchange with that service above! This will create bad loop in everyone's head I tell you!

People won't spend money because they trust on the systems which are in place since old times, which are socially popular and are in the discussion everyday. You may struggle a lot with that one.

I would suggest you to create free services initial, may be a website or something where you predict the prices everyday and then you match the thing with everyday real time data. If people start recognising your site then you can start charging for your services.

You are right and pointed the main issue with "prediction" services. If they work - why don't they just make a living out of it?
This is why most are scam or not really good at all.

Well in my case it's not that simple.
I can make a living from it, but it's risky, because to trade you need to have funds in the exchanges - which as everyone know is not very safe.
I won't put big sums in an exchange at any given time, and that makes it hard to generate big profits.

It's enough to make a living though, but that's not enough.
I was wondering if a service can generate a lot of revenue, but from people's responses there isn't a demand for it.

There is also the fun of showing people you can practically predict the future, and helping them.

So far the responses in this thread suggest it's better to just stop publishing my predictions here.

Wulanayu

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if there is such a service I will not pay it for my future, because with that I will become dependent on it.
I better learn from you because it's better because we add to our own knowledge and it will not make me loss and dependency.
maybe you should share to others so that everyone can predict as you and all become successful.
sharing knowledge will not make you stupid but increasingly sharpening your knowledge and if you share also it is a good action.

erikalui

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There are many media articles that make such predictions of free and most of them predict correctly with above 70% accuracy and even then nobody pays for their services as unlike forex pairs, bitcoin predictions are pretty meaningless when the market goes up and down by just some controversies unlike the forex market. I've seen forex market predictions that are almost 95% accurate and hence they are paid services.

paul00

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I'm seeing alot of prediction in bitcoin but I don't see that I will pay for this kind of service but for a tip and advise to you can have a telegram group where you can have a VIP members which do you want a payed service or free for them to have donation to you. I also have this kind of group like where alt coin are monitored by someone.

vv181

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Even if you have a good track record, I think it's going to be hard to monetize your prediction. There are many traders that also share their chart in trading view, and almost most of them give a good prediction.

Dapper

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It's one of those things like, why are most gypsies and fortune tellers p*ss poor? Because no one knows the future.

Mainman08

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I would not pay for your service. How can i be sure that your prediction is right. And noone here can ever predict what will be the value of bitcoin in the future.

boyshx

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Quote from: Crypt0walker on January 28, 2018, 01:53:57 PM

I've written numerous predictions on bitcoin's price in these threads:

https://bitcointalksearch.org/topic/m.29119975
https://bitcointalksearch.org/topic/m.28710242

I can prove unmatched ability to predict it's movement (I use unique machine learning algorithms).

Currently wondering if I should continue using it for my own profit, or is there anything to gain from creating a service?
A profit from a service would have to be significant in order to be worth it, so i'm wondering how much would people pay for it?

You can see my predictions in realtime now - I am SHORT on bitcoin right now (Current price in bitfinex is $11,550). Watch the price as it drops soon.

Nothing is wrong with your services here but there is one matter of fact that people will focus on the thing that if you could predict that with 80% of accuracy then why not use it your self and just get rich through the night!

Thats what you mentioned in your post above. People here want services which will make them trust it at the very first time and not just predict things, and get confused with it.

The confusion? How great is that you have algorithm to predict the correct prices but still you are here hawking for the pennies in exchange with that service above! This will create bad loop in everyone's head I tell you!

People won't spend money because they trust on the systems which are in place since old times, which are socially popular and are in the discussion everyday. You may struggle a lot with that one.

I would suggest you to create free services initial, may be a website or something where you predict the prices everyday and then you match the thing with everyday real time data. If people start recognising your site then you can start charging for your services.

squatz1

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Flying Hellfish is a Commie

Yeah, no one is going to be able to have 80 percent accuracy in the grand scheme of things. As I think you're only citing a small number of incidents, and you're saying that you're able to have such a high prediction accuracy.

If you were a big whale with massive amounts of connections in the media, etc then I'd think OH MAYBE THERE'S A CHANCE. But no one is ever going to offer this sort of service to laymen.

So, yeah you're a big scam.

BTCforJoe

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Sorry mate, but I wouldn’t pay a dime for this service. I personally think that it is irresponsible to be able to claim that you can predict the price of bitcoin, and even more irresponsible to charge for this “service”. You’d be basing your services on pure speculation, and that in itself is scammy in nature.

Just because you got lucky in the past with machine learning algorithms does not mean that you’ll always be accurate.

I think predicting the price is fine as long as you keep it speculative, but the moment you start making it a paid service, you become liable for any losses that followers/customers may incur.

My best recommendation to you is to continue to provide your data in real time, and allow people to make donations if any pumps provide a profit for them. Otherwise, you’ll end up being neck deep in complaints and messages from users looking to get their money back.

Just my $0.02.

Topic: How much would you pay for a bitcoin price prediction service with 80% accuracy? (Read 192 times)