Can Data Science Predict Bitcoin?




[ad_1]

Subscribe to RichardOnData here: https://www.youtube.com/channel/UCKPyg5gsnt6h0aA8EBw3i6A?sub_confirmation=1

Patreon: https://www.patreon.com/richardondata

Can Data Science Predict the Stock Market: https://youtu.be/y5hh2xqFW4k

In this video I discuss whether or not data science methods can be used to predict the price of bitcoin and/or other cryptocurrencies. When I did a video on the stock market, my conclusion was essentially that while ML/AI methods can help significantly better than random guessing, ultimately you run into three problems:

1) The efficient market hypothesis – the idea that all the information about a stock is already priced in
2) It is hard to predict future shocks
3) There is a conflict of interest in releasing such things

We are going to address the same question as it pertains to bitcoin and cryptocurrencies as a whole.

Links referenced in this video:
Marco Santos – “Predict Bitcoin Prices with Deep Learning”: https://towardsdatascience.com/predicting-bitcoin-prices-with-deep-learning-438bc3cf9a6f
Derk Zomer – “Using machine learning to predict future bitcoin prices”:
https://towardsdatascience.com/using-machine-learning-to-predict-future-bitcoin-prices-6637e7bfa58f
Marco Santos – “Predicting Prices of Bitcoin with Machine Learning”:
https://towardsdatascience.com/predicting-prices-of-bitcoin-with-machine-learning-3e83bb4dd35f
Marie Huillet – “Data Scientist Uses Deep Learning to Predict BTC Price in Real-Time”: https://cointelegraph.com/news/data-scientist-uses-deep-learning-to-predict-btc-price-in-real-time
S M Raju, Ali Mohammad Tarif – “Real-Time Prediction of BITCOIN Price Using Machine Learning Techniques and Public Sentiment Analysis”:
https://arxiv.org/ftp/arxiv/papers/2006/2006.14473.pdf
Rafael Schultze-Kraft – “Don’t be fooled — Deceptive Cryptocurrency Price Predictions Using Deep Learning”: https://hackernoon.com/dont-be-fooled-deceptive-cryptocurrency-price-predictions-using-deep-learning-bf27e4837151
Alex Lielacher – “3 Bitcoin Sentiment Analysis Tools: How They Work & How to Use Them”: https://cryptonews.com/exclusives/top-3-btc-sentiment-analysis-tools-how-they-work-how-to-use-6889.htm

Source


[ad_2]

Comment List

  • RichardOnData
    January 1, 2021

    Happy 2021! 2020 was a good year for #Bitcoin but 2021 will be even better. Stay healthy, stay focused, and remember that this is a marathon, not a sprint. Most people remained poor only because friends and relatives discouraged and advised them against investing and trading bitcoin while the wise one kept investing and growing higher financially, with Bitcoin’s recent market performance from October the price went from 11,OOO USD to a New All Time Highs of nearly 3O,OOO USD in December which is mind-blowing , I will advise every investor to keep buying and accumulating, or better still if you want to make more profit with what you already have, get a Great Mentor and teacher like mine to guide you through, I have made over 27Btc profit since the October Rally, thanks to my mentor @benbullcrypto on Telegram for always helping me OUT.

  • RichardOnData
    January 1, 2021

    I've been able to earn and maintain a consistent profit in crypto and Bitcoin investment ranging from a minimum capital to being financially free and building a huge income stream, with the help of an expert and my mentor.
    Mrs Alicia Braswell
    Since I started trading with her I've had no loss because of the signal she uses during trade.
    You can reach her for help on:

    +1 (762) 233-4052
    What's app and telegram..:::…..

  • RichardOnData
    January 1, 2021

    Happy New year.Thanks for video. What do you think about Genesis Vision ? (Gvt) only 4.5 million supply and 1.30 usd price and listed in binance.

  • RichardOnData
    January 1, 2021

    No

Write a comment