www.coinforecast.io | New Bitcoin/Altcoin short-term prediction service

[treecat]

Greetings,
We are happy to announce the Bitcoin and Altcoin short-term prediction service - 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

[1714926595]

1714926595

[1714926595]

1714926595

[1714926595]

1714926595

[1714926595]

1714926595

[JasonInCLT]

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

[treecat]

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.

[JasonInCLT]

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

[sjyi]

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?

[treecat]

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  However, it is good to see the most probable price for the crypto in the nearest future. 

[treecat]

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

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

[cryptocropty]

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

[vtrx]

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

[treecat]

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

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.

[treecat]

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

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

[Lucius]

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

[wonderchaff]

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

[treecat]

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

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.

[treecat]

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

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

[vtrx]

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!

[TimtheYoutuber]

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

[treecat]

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!

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.

[treecat]

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

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

[Lucius]

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

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.

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 (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.