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Author Topic: BTC Price Prediction - The power of JDBIF Algorithm  (Read 7980 times)
jgraham
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April 13, 2013, 09:04:25 PM
 #21

Provide the past predictions over a series of times at fixed intervals.  Provide an objective standard for saying that your algorithm works.  

That doesn't prove anything, I could claim my "algorithm" "predicted" 240 on the 9th, 120 on the 10th, and 60 on the the 12th.

I say provide us with price predictions for the next 7 days. Yesterday's "prediction" with the crude growth line drawn over the increase from 60 to 120 transposed sideways a little has so far failed to pan out.
Agreed that future predictions means he can't simply lie.  That wasn't my presumption.   It seems plausible he has something he calls an algorithm.  I suspect, like some technical analysis people I've met.  He's just fooling himself.  However the problem with future predictions is that they themselves are information and could affect the outcome (e.g. knowing that $200 is going to be hit tomorrow could change what a large group of people do today)

You could mitigate this buy using "sealed envelop" predictions.

I'm rather good with Linux.  If you're having problems with your mining rig I'll help you out remotely for 0.05.  You can also propose a flat-rate for some particular task.  PM me for details.
Masqurin
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April 13, 2013, 09:44:50 PM
 #22

Provide the past predictions over a series of times at fixed intervals.  Provide an objective standard for saying that your algorithm works.  

That doesn't prove anything, I could claim my "algorithm" "predicted" 240 on the 9th, 120 on the 10th, and 60 on the the 12th.

I say provide us with price predictions for the next 7 days. Yesterday's "prediction" with the crude growth line drawn over the increase from 60 to 120 transposed sideways a little has so far failed to pan out.
Agreed that future predictions means he can't simply lie.  That wasn't my presumption.   It seems plausible he has something he calls an algorithm.  I suspect, like some technical analysis people I've met.  He's just fooling himself.  However the problem with future predictions is that they themselves are information and could affect the outcome (e.g. knowing that $200 is going to be hit tomorrow could change what a large group of people do today)

You could mitigate this buy using "sealed envelop" predictions.

I really don't think enough people would base their decisions on some guy's kooky "predictions" without waiting to see if they're actually accurate. If they do I guess he succeeded in what he set out to do.
BitBuster
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April 13, 2013, 10:16:52 PM
 #23

Agree with previous comments. This is all worthless unless you can back it up with some evidence, like posting a short-term future prediction - so that when the time comes, the accuracy can be measured.


BB.
jokerdragon (OP)
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April 13, 2013, 10:45:25 PM
 #24

Provide the past predictions over a series of times at fixed intervals.  Provide an objective standard for saying that your algorithm works.  

That doesn't prove anything, I could claim my "algorithm" "predicted" 240 on the 9th, 120 on the 10th, and 60 on the the 12th.

I say provide us with price predictions for the next 7 days. Yesterday's "prediction" with the crude growth line drawn over the increase from 60 to 120 transposed sideways a little has so far failed to pan out.

In 7 days we gonna hit US$50 or less. I guess this is clearly enough. Thanks for the attention.
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April 13, 2013, 10:49:20 PM
 #25

To be more accurate, in less than 7 days.  Cry
jokerdragon (OP)
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April 13, 2013, 10:55:23 PM
 #26

Trade opportunity on short-term:

Rebuy at 70-76 US$ range, Sell at 84-90 US$ range.
Furyan
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April 14, 2013, 01:31:05 PM
 #27

Trade opportunity on short-term:

Rebuy at 70-76 US$ range, Sell at 84-90 US$ range.

Why would you do that if you know the price will hit $50.. wait till 50 and resell at 90 (even if the price goes up).
naphto
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April 14, 2013, 01:39:01 PM
 #28

Hi,
What will be the price on April, 19th?

Thanks in advance Smiley
Zaih
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April 14, 2013, 01:45:04 PM
 #29

Hehehe Tongue

Best of luck predicting.. Pretty impressive if it works atleats 51% of the time Grin
jokerdragon (OP)
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April 15, 2013, 03:50:34 AM
 #30

Trade opportunity on short-term:

Rebuy at 70-76 US$ range, Sell at 84-90 US$ range.

Why would you do that if you know the price will hit $50.. wait till 50 and resell at 90 (even if the price goes up).

and if hits US$ 50 then 25US$?
jokerdragon (OP)
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April 15, 2013, 03:50:54 AM
 #31

Hehehe Tongue

Best of luck predicting.. Pretty impressive if it works atleats 51% of the time Grin


We will keep track.  Cool
jokerdragon (OP)
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April 15, 2013, 03:51:19 AM
 #32

Hi,
What will be the price on April, 19th?

Thanks in advance Smiley

I don't have crystal ball.
jgraham
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April 15, 2013, 01:45:46 PM
 #33

In 7 days we gonna hit US$50 or less. I guess this is clearly enough. Thanks for the attention.
Yawn.  At what depth?  Having one BTC available at $50 isn't exactly useful.  This is one of the problems with talking about predicting pricing.  People who are speculating want to invest $X and get a return of $Y over some period.  However when I make trades I notice that there often simply aren't enough coins selling at a particular price to get the entire sell/buy in at that price.

So "we" meaning Mt. Gox is going to hit $50 by Friday.  Chances are JokerDragon will claim he was right even if it doesn't or make the "the algorithm isn't perfect" excuse.

and if hits US$ 50 then 25US$?
But we have the assurance of your algorithm that it will hit $200 "very soon".  So why worry?
Quote from: Zaih
Pretty impressive if it works atleats 51% of the time
I hope you are joking about that.

I'm rather good with Linux.  If you're having problems with your mining rig I'll help you out remotely for 0.05.  You can also propose a flat-rate for some particular task.  PM me for details.
jokerdragon (OP)
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April 15, 2013, 05:47:55 PM
 #34

In 7 days we gonna hit US$50 or less. I guess this is clearly enough. Thanks for the attention.
Yawn.  At what depth?  Having one BTC available at $50 isn't exactly useful.  This is one of the problems with talking about predicting pricing.  People who are speculating want to invest $X and get a return of $Y over some period.  However when I make trades I notice that there often simply aren't enough coins selling at a particular price to get the entire sell/buy in at that price.

So "we" meaning Mt. Gox is going to hit $50 by Friday.  Chances are JokerDragon will claim he was right even if it doesn't or make the "the algorithm isn't perfect" excuse.

and if hits US$ 50 then 25US$?
But we have the assurance of your algorithm that it will hit $200 "very soon".  So why worry?
Quote from: Zaih
Pretty impressive if it works atleats 51% of the time
I hope you are joking about that.

Ok, ignored, since you doesn't know how to keep up a decent conversation. Throw your rocks on another fool.
jgraham
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April 15, 2013, 06:26:26 PM
 #35

Ok, ignored, since you doesn't know how to keep up a decent conversation.
I doesn't know how English as well as you.

Seriously, if you have to run away from the conversation under the mildest of criticism...why bother opening your mouth?

I'm rather good with Linux.  If you're having problems with your mining rig I'll help you out remotely for 0.05.  You can also propose a flat-rate for some particular task.  PM me for details.
jokerdragon (OP)
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April 16, 2013, 10:22:38 AM
 #36

Trade opportunity on short-term:

Rebuy at 70-76 US$ range, Sell at 84-90 US$ range.

Why would you do that if you know the price will hit $50.. wait till 50 and resell at 90 (even if the price goes up).

Trade Happy 01.  Cool
jokerdragon (OP)
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April 16, 2013, 10:23:31 AM
 #37

Provide the past predictions over a series of times at fixed intervals.  Provide an objective standard for saying that your algorithm works.  

That doesn't prove anything, I could claim my "algorithm" "predicted" 240 on the 9th, 120 on the 10th, and 60 on the the 12th.

I say provide us with price predictions for the next 7 days. Yesterday's "prediction" with the crude growth line drawn over the increase from 60 to 120 transposed sideways a little has so far failed to pan out.

In 7 days we gonna hit US$50 or less. I guess this is clearly enough. Thanks for the attention.

Target OK 01. Just happened.
jokerdragon (OP)
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April 16, 2013, 10:24:52 AM
 #38

To be more accurate, in less than 7 days.  Cry

Accuracy Ok 01. Hit 50.01.  Grin
jokerdragon (OP)
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April 16, 2013, 10:25:16 AM
 #39

so... I know the rocks. Where is the claps?  Roll Eyes
jgraham
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April 16, 2013, 01:56:02 PM
Last edit: April 16, 2013, 02:09:19 PM by jgraham
 #40

so... I know the rocks. Where is the claps?  Roll Eyes
Like I said...anything to you would be a success.  Did you not understand that? Roll Eyes Roll Eyes Roll Eyes Roll Eyes

I'm rather good with Linux.  If you're having problems with your mining rig I'll help you out remotely for 0.05.  You can also propose a flat-rate for some particular task.  PM me for details.
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