Bitcoin Forum

What do you guys think about this software?

I've been trying to find something similar it seems like no one discusses this type of projects.

Would there be general interest from investors and BTC traders?

If human's can not perfectly predict the weather which has been observed for centuries in the next coming 24 hours then how about the price of bitcoin?
It's a totally pointless software as are the so many tradinging signal bots

Think about it clearly. How can a software algorithm predict prices? How could they take into consideration human emotion aspect? I think what you're looking for is a fortune teller.

Also, don't go this route.

It's going to have to be based on patterns and charts, and analysts can do that on their own while adjusting for certain variables that machines can't. Basically, it's going to be even worse than predictions by technical analyses, which are already shaky to begin with.

But hey, if you manage to create one that works well, you're going to be rich, provided you don't share it with anyone else lol.

in general markets are not something you can predict with a software! it is not math to have one solution and one result. market is a dynamic thing that is  changing every day and is being affected by human behavior which is what you can not formulate. and not being to do that means you can not automate it with a software to "predict" it for you!

with that said there are trading bots that use charts to perform technical analysis on and then based on pre-programmed patterns they choose one automatically and give you the result. but that is not at all reliable and is not called "prediction".
when it comes to bitcoin things become that much harder to "predict" because of its higher volatility and unpredictability.

This is totally out of it, well some greedy people might think is the answer to them to make but absolutely no, bot can't and will never predict any price of stock or coin , because the price is determined by human emotions and mutual agreement between two parties , so bot can only be used to trade with a particular range or % which also need to be set by human so on no account bot can work without human being.

Pointless in my honest opinion. How do you expect bots to precisely predict the prices of cryptocurrencies considering how volatile this market is? This is not feasible and anyone marketing something like this would be considered a scammer. I knew several people who scammed people in the past in this particular manner which is why I do not recommend developing such softwares since the human aspect is missing as everyone else mentioned. Signal bots are a bit better in my opinion since they prove to be useful now and then and I have earned decent profits through them.

it may help by calculating volume change, search engines statistics like how can i buy bitcoin, exchanges bitcoin adresses, checking indicators etc.those may help but it cant calculate psychology, speculative moves nor effect of news.

Whether its free or not, I'm not going to use if there's an existing one.
Devs can create this type of software but its just going to depend on how they'll code it with its algo. And there's no discussion with this software because its useless.
0 interest.

This sounds like another way to scam naive stupid people,who believe in a "magical" super-secret piece of software that will make them rich with the push of a button.
There's no software that can predict oil or stock prices,how can anyone believ that crypto prices can be predicted?

Dude, nobody knows what the price will be in the future, neither human or software.

If you know basics about cryto you can understand that market is very volatile due to a lot of factors that a software cannot take into account: news, political interests, future developments, mass adoption etc.

It will be waste of time and money. If humans are not able to predict the market than how can you expect a software that runs on algorithm developed by a human can predict the price. Noobs may easily buy this software and later on after loosing their money will call it a scam.

It is better to avoid such crazy idea and products if they are present in the market.

This software would be useful as a historical tracker to give you info so you can make up your own minds on when to invest. However, cmc and coingecko can do that so there is no need for that software

I'm thinking you are trying to find a profit from bitcoin easily without the effort. Actually this is a difficult thing.
If someone can create one  software accurately predict the price Bitcoin they will never public.

I really hope this can work perfectly.  It will be sort of helpful alot.  But I doubt if will be feasible and even usable.  Mere humans prediction fails not to talk of software minding the fact that humans will create the software. 

I don't see any man or human being deciding and making what the price and speculation of what bitcoin price will be is a failure talkless of a human being beside the brain of every software. Even Satoshi Nakamoto can't say what's this going to be the price at some particular time.

Many fake applications state that the application can predict crypto prices, I have tried downloading many applications, it turns out that it is a lie. Prediction according to your heart and often observing the graph is enough.

Every day dozens, hundreds of people try to guess, and many fail. It is not easy for a program to succeed in this sense. Because Bitcoin graphics are interpreted by basic analysis. It's not easy for the computer to do that.

there are lots of softwares which have been built to predict BTC price but the truth is i dont trust any of such software as price is controlled by the market itself. when demand is high price goes up and when low it goes down. sure the software can not predict when demand increase.

for me i wont advice anyone to trade or do anything using BTC price predicting software as one is likely to loose money using this software. so many people in the past have tried to predict the price of bitcoin and always end up failing and even loosing money.

Prediction is really the wrong word to use. There is one factor which cannot be predicted,
Human emotion! How we react singularly or individually when certain events are presented
to us is unknown.

I think you looking for something like trading bot which will detect the movement.
But if you looking for something that can predict the price further, i think there's no algorithm that can do that

Lol. No jokes but this is the real answer.
I have been telling this here all over the forum.
We aint that powerful to foresee what the future will be. We just go with the flow of the present time.

You trade, you risk. You get lucky if it goes to where you want to be and made a heck of a profit.
That profit will circulate again to create more profit making you look like a better trader. But think about it. Even them could lose it in an instant.

you want to know what people think of this type of software, the problem in this is that people do not see good results of this software and the opinions are bad, so here comes another question:

Would anyone be able to create software that was better than existing software? this is an unanswered question, the current fact is that no one creates software that brings good results and people have begun to give up using such software.

I remember the doublebot site that said it had a software capable of predicting prices, but in the end the site was ponzi


Of course no one will comment because in the past many people have been deceived


if they created software that was very effective, then people would have an interest in software

I do not suggest any predictions or signal. Its so dangerous without thinking. Predictions not right if its given by any software. Human research is the main and profitable predictions.

We have been working on a project that can do this and predictions are extremely accurate but only up to 8 minutes in the future.

The algorithm we use is very powerful and it takes data from 3 different sources:

1) The BTC Sentiment Analysis on Twitter in real time.
2) The search hits on Google in real time from BTC, and
3) The weighted mobile average of the price of the last 5 quotes of the currency.

https://i.imgur.com/tV141N1.png

It takes the human factor in consideration too.

I will not reveal all the sources - but yes it is definitely possible and it has been tested.

Just trying to figure out what is the best way to monetize it.


Is there a way to bet on BTC prices from minute to minute?
If so please leave a link below, thanks in advance!

This is a recent picture tho

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

Would BTC trading be a good way to monetize this?

the prediction of something is a natural thing, because in the world of trade, especially crypto currency trading, which is always the reference of the treder, is indeed a prediction in the future, predictions or the possibility that all can be analyzed according to the development of the world from time to time. become a guide in determining our attitude in making decisions ...

There are trading bots (which most people here do not advise the use of) that gives hints on the how the market will perform for the coming days.

But the word should be to predict the market, trading bots gives your probabilities the same with professional traders who look and analyze the market through price patterns and react based on that. But its still a probability none of that they are sure will happen.

What software are you referring to?

And, there would be no such interest from investors for a project like that. It's risky for them and not a reliable one, maybe it would be helpful if that software is only spotting good price entries via Technical Analysis only.



Exactly! Traders psychology has nothing to deal with softwares, traders are the one who are the makers and the takers of the market, collectively, they decide the price action which no software could predict. I also think rumor is better than the software if this happens.

usually trading bots will be more effective if market is in a normal state, but if there is important news that affects a large movement, it becomes less effective. therefore personal analysis in my opinion is the best

Trading bot for me maybe only help when people don't have time to watch market, but who setting it is themself. But for other people, bot is something that they think can make them always profit without hardwork.

Are you saying some software that uses graphs and indicators like RSI? Or software that collects information and forecasts the market with the use of AI?

There are several softwares in the traditional stock market. But none of them has great efficiency without the help of human professionals.

A tool that was launched this year and is highly praised is the Alpaca Forecast AI Prediction Matrix, by bloomberg.  (https://www.bloomberg.com/company/announcements/bloomberg-launches-market-forecasting-application-powered-by-artificial-intelligence/)It is a revolutionary tool. But you see, it was only released this year for the traditional market. I do not think we have anything like it in the Cryptos market.

It seems that there has been some confusion about the post so let me clarify.

Our team has developed Machine Learning powered software that uses powerful algorithms combined with real-time data gathered from couple sources,
the purpose of the software is to give us predictions on BTC prices.

We have been working for quite a while on this project and figured out the optimal way to do it.
At the moment we do have software that can predict Bitcoin prices up 5 minutes in the future with 90% accuracy.
Most of the predictions will be if the price is going to go up or down, all results indicate that predictions are accurate most of the time.



The software is not public, it is not on the market.

I wanted to get information from you guys if there is something like this currently available on the market and if there would be interest from people.
Also, I would like to know if there is any website that allows people to bet on BTC prices from minute to minute.

If you know anything about this please let me know, thanks guys.

Isn't that what we are all talking about? Trading bots? They predict the market if it will go up or down. The same concept as what you guys are building. Well, maybe I"m wrong is this not what you are looking for?



I think that options trading? not sure. Check out options trading.

trading bots are only designed to automate the process but they cannot guarantee easy profits because if that happens then no one will trade manually and everyone will be buying a trading bot which can result for the owners of these bots to get rich pretty quickly . anyway  there isnt a known predicting software because btc and other cryptos were totally dependable on the mood of whales or any other big players as they are the ones that controlls the market more effectively .

Well I would love to see a actual applications that can really predict the future price of bitcoin. However, we all know that the market is  very volatile and its purely based on speculation so I don't know if a software can really do that.

Perhaps it wasn't discussed before because its not really feasible to say the least. Anyways good luck and just like I said, I'm interested to so this AI software and the 'accuracy' of its prediction.

make a software that can predicts crypto trade movement (especially Bitcoin) is not a simple thing. If you talk about forex bot or atleast technical analysis on forex, you should understood what factors that move the market and in crypto we can't use technical analysis for some reason, and one of them is FUD that contain a lot of people's emotions, or atleast for now. even it can be created, it's really a complex software with AI that can understand the FUD and the price is worth the development effort.

I just heard this from you and i don't think that there is such software that can predict the volatility and the fluctuation of the Bitcoin market price because market is always will depend of the supply and demand that there is no one can predict the future of Bitcoin not even a software. Please share the links of your source for our common understanding.

I don't think the software can predict with precisely because of the crypto market still unpredictable. But maybe the software can have percentage about the up and down of the price but still, to know where the price wants to go it's impossible. I think it will look like at the movie film which the AI can give information and percentage about the decision that we make.

Bitcoin prices will be very difficult to predict when this bitcoin price will depend on requests that can influence the buying price movements and the selling price of bitcoin, so when you only see the software it is not very accurate because all the bitcoin prices are unpredictable and all possibilities can occur.

I like software but to predict bitcoin price I only use MACD and MA. Actually, we have different method to predict bitcoin price but calculate using old technical indicator is more worth. All software using old indicator but they forget about news ( speculation ) and psychology ( patience ). People with high education and experience can predict market in close range. Use that and leave the software.

as a suggestion, don't be so hopeful with software. a true trader will not depend on software to sell the coins they have. if you believe in a certain price, then sell at that price, based on your own predictions and specs. well, that's also because it's difficult to predict.

In fact what needs to be regulated here is only the transaction but the government, either intentionally or not and understand or not, prohibit crypto in their country. If they regulate it properly it will bring profits to their country because they become an early adopter, but they are not fools. Therefore their actions are based on the agendas and interests tha (http://digitalasset.id)lt blend in together.

There is NO such a tool or Software available to predict the price of Bitcoin or other cryptocurrencies. Even analysts and experts can't predict the prices by doing formulas so, how can a software do that? Nobody knows what will be the market prices in the coming week or hours.

Well, I would say that that can be useful in some ways, but don't hinge everything on it. I mean, yes, it can help you "predict" or peek in to the future as to what the movements "might" be, but based on my years in the market, I know that no software can accurately predict such changes because there are just so many factors that could affect it. Maybe if that software could input all that information in its program, but we all know that that is a little next to impossible. So, the better strategy here is that maybe you can use it as basis, but there is nothing better than good old studying and checking things out for yourself.

There's no need for that cause there's a GUI chart in every trading exchanges where you can personally implement your methods and strategy for price prediction. A software is irrelevant i dont think it'll be useful, unless it has features that surpasses trading technology we have now. Just learn trading and you'll be able to speculate and trade different kinds of currency you might get even addicted to it.