Can Data Science Predict Bitcoin?
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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”:
Marco Santos – “Predicting Prices of Bitcoin with Machine Learning”:
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”:
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