Bitcoin Forum

Greetings,
We are happy to announce the Bitcoin and Altcoin short-term prediction service - www.coinforecast.io (http://www.coinforecast.io)
The service is fast, ad-free and responsive. We update forecasts every hour.
Currently we support 14 currencies: BTC, BCH, BTG, ETH, ETC, XRP, LTC, ZEC, DASH, NEO, VERI, QTUM, XMR, IOTA with 95% accuracy.

Feel free to check our service, and send your suggestions.

https://i.imgur.com/WtEsG86.png

UI is well designed, will watch for a bit and see how accurate your predictions are  :)

Thanks! We have just launched the service and will improve it over time. If you have any suggestions, just contact us here or on the website.

Would be cool to see more on the site (or here) documenting the methodology, input data, and assumptions you're using to produce the forecast/prediction. I.e. Is this straight technical or technical + sentiment/web data

Noticed the estimate price points are 2 hours delay of the actual price.  The Bitcoin futures prices don't seem to agree with you.  How do you determine the forecast price?

We have fixed this. There was a lag with the data from the data provider. Well. The service is not 100% accurate. If it were, we would not post it here  8) However, it is good to see the most probable price for the crypto in the nearest future. 

We have added automatic posting of daily forecasts in Twitter and Telegram. Follow us at:

• https://twitter.com/coinforecastio (https://twitter.com/coinforecastio)
• http://t.me/coinforecastio (http://t.me/coinforecastio)

Cool. Can you give more details about the used forecasting algorithm?

As far as I was able to understand, there is a channel of forecasts up and down, and there is average meaning insight?

We use the ARIMA model (https://en.wikipedia.org/wiki/Autoregressive_integrated_moving_average) as the basis of the forecast. Also, we train the prediction machine on the 1-year data (by hours and minutes). And finally we add some behavior patterns to improve the forecast result.

Yes. We are still in the BETA, and we work over the improvement of the average value.

The idea is interesting,but it is very hard task to predict price movement in world of cryptocurrency.For short term prediction the forecast may be fairly accurate,but for 2 weeks it's a pretty slippery ground.

I see you actual price of BTC now is 11289$,but on most exchanges price is close to 11400-from where you get price on your site?

Let see how your prediction is accurate in long term for March 5,it say 11433$ in 2 weeks-what is actually todays price.My feeling says price should be something more than that,but let's wait and see ;)

nice idea and interesting project , but you can put some warning that it is not a financial advice :D

Greetings,

We have added real-time currency price update every 5 minutes for all supported currencies. There is no need to refresh the browser page to get latest price. 

Yes, 2 -week forecast is not very accurate, though it shows where the price is going to move. It is recalculated once a day.

Hah, thanks!
We have added a disclaimer: https://www.coinforecast.io/terms/

As of now it's a prototype of possibly successfull forecasting tool as the range of the forecasts is so wide that it brings more panic and indefinite conclusions than real value. Wish you success!

If you have a budget, I would be interested in writing reviews of ICO's/coins and giving my opinion on the coins.

We are testing the service now, and we see that 2-week forecasts are not accurate. It is very possible that we remove 2-week forecast and replace in with the intraday forecast for 6-12 hours and real-time update every 15 minutes. Our major limitation is computing power. We do everything at our cost and do not publish ads.

About 24 hour forecast. It seems to be accurate. You can check its accuracy by checking the forecast from our tweets with the real price in 24 hours. For example: yesterday we published BTC forecast for 22 FEB, 08:00 AM (UTC) - #BTCUSD - $10889.58. Right now is 22 FEB, 07:39 AM (UTC) - real price is $10705.41. Error makes 1.7%

Please be patient. We do everything to improve the forecast.

Thank you very much for the offer. We are sorry to say we run on our own resources from our pockets  :'(

It is nice to have real time update,looks much better then before.As I say long term prediction have no too much sense since BTC is very unpredictable and it can go up or down anytime.

I have a suggestion for new coin,it is called Nano (https://nano.org/en) (former RaiBlocks).

Regarding financing of the project,you should consider to add some advertisement on your site to cover the costs of hosting and to get something for further development.I think that none of the users will not complain if the ads are unobtrusive and that there is not too much of them.

Thanks! We have added some ads. Now we plan to add intraday predictions, which we calculate by the minute data, not hourly, and, if our computing power will allow, recalculate intraday forecasts every 5-10 minutes with a realtime update.

I hope that some extra income from advertising will help you in your work :)

Regarding your forecast for March 5 two weeks ago , it was 11433$ and now price is around 11400$ so it is very accurately-let's see how the price will move in the next two days.Also first day I visit your site price of BTC was around 11700$ with 24 hour prediction to 11 000$,that was also correctly predicted.

You only have some luck or it is something more/prediction 500$+ for next 24 hours :)

Is there a development plan in the form of android based applications? I am sure will attract many android users.
Very necessary for a short trading and investment plan, let's see if the prediction is really accurate

Great idea really served as a good tool to make decision

1. Yes, we plan to create an app.
2. Currently we are working over the free signals to Twitter and Telegram about short-term growth of listed cryptos (will roll out soon).
3. We are also working to display actual accuracy as a table (will roll out soon).
4. We are working over intraday forecasts (will roll out in a month).
----------------------------

About accuracy (https://twitter.com/coinforecastio/status/970574904721461248 (https://twitter.com/coinforecastio/status/970574904721461248)):

Real price today (05.03.18, 08:00 UTC) vs forecast 24 hrs ago (04.03.18, 08:00 UTC):

BTC 11528 vs 11511 (very acc)
ETH 866 vs 834 (acc)
XRP 0.88 vs 1.06 (20% inac)
BCH 1281 vs 1234 (acc)
LTC 210 vs 209 (very acc)
ZEC 407 vs 386 (5% inac)
DASH 622 vs 603 (acc)
NEO 117 vs 117 (bingo)

Dear friends,

Just a short notice. We have updated the website, so now its looks much better. All forecasts are in one place. Besides forecasts, we publish news related to the world of crypto. We strongly welcome any suggestion about the website.