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Author Topic: AI prediction/forecasting for Bitcoin and crypto trends  (Read 677 times)
nites (OP)
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August 07, 2022, 02:01:14 PM
 #61

If you succeed in developing such a tool, you will be rich in a short time. All you have to do is take a loan and then buy and sell, and since you will know the best time to buy and sell during the next four days, day trading for you will be very profitable.

  • As for trying to sell such a service, you will find it difficult to do so in the forum.
  • Post constant price updates prediction and gain trust, and then you may raise money.



From my perspective i will not encourage to obtain loan and accomplish his project, rather i will advice that taking loans is not the major concerns, because it might taken a loan and after developing the program or delivered the project and it fails to function the way anticipated. So the best thing to do is to develop it with your capital irrespective how long it might taken, but develop with your fund without debiting yourself.

Why would anyone take a loan and then trade it, it's complete nonsense. I don't want to take loan from people here or raise money.

I wanted to sell predictions which can help thousands of people become profitable and in return I would earn small fees from broker. No one ever posted predictions in advance and no one was ever close to get 14 predictions in a row.

But seems that people will rather believe in hamster trader or technical and fundamental junk and trust people like @stompix that don't know anything except to write nonsense on forum.
nites (OP)
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August 07, 2022, 11:13:11 PM
 #62

Thanks to @stompix, I decided to lock the thread. As there is no point explaining or providing something smart and sophisticated to people that don't believe it or remotely understand it.
I had sincere intentions to help and make something good, but once again in this world, ignorance wins. Kudos to people that were open minded and were trying to lead intelligent discussion.

Well, farewell and good luck, you will need it more than anything.
Slow death
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August 07, 2022, 11:35:32 PM
 #63

Well, farewell and good luck, you will need it more than anything.

you said you worked hard for 2 years so you arrive on this forum and don't show more credible evidence and at the first legitimate review you gave up and left? imagine that you arrive at a company to show your project, do you think that the company will not have questions and criticisms? how will you deal with it? giving up or bringing credible evidence?

just post your predictions in a way that everyone can understand and analyze

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nites (OP)
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August 07, 2022, 11:48:01 PM
Last edit: August 08, 2022, 12:30:53 AM by nites
 #64

Well, farewell and good luck, you will need it more than anything.

you said you worked hard for 2 years so you arrive on this forum and don't show more credible evidence and at the first legitimate review you gave up and left? imagine that you arrive at a company to show your project, do you think that the company will not have questions and criticisms? how will you deal with it? giving up or bringing credible evidence?

just post your predictions in a way that everyone can understand and analyze

But what evidence? Please, clarify what is credible evidence? Where is legitimate review? Only credible evidence is whether predictions work or not, and I'm showing that in most transparent way.

There is no more simpler way to post predictions, prediction is upwards or downwards, price can go upwards or downwards, same for evaulating results, true or false.

I don't want to give up, but people like stompix blatantly lying and twisting words, without any knowledge in basic maths and probability is loudest mouth on the forum.
It's insulting to people that use brains in different ways than just writing nonsense on forum, in this case; creating AI prediction system.
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August 08, 2022, 09:14:25 AM
 #65

Nites, Let the nay sayers and critics opinion go like “water off a ducks back”.
Keep in mind, especially when trying to share something and get it accepted on a forum, “Winners never quit and Quitters never win”.
Next prediction, please.
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August 09, 2022, 07:20:24 AM
 #66

Well, farewell and good luck, you will need it more than anything.
you said you worked hard for 2 years so you arrive on this forum and don't show more credible evidence and at the first legitimate review you gave up and left? imagine that you arrive at a company to show your project, do you think that the company will not have questions and criticisms? how will you deal with it? giving up or bringing credible evidence?

just post your predictions in a way that everyone can understand and analyze
Maybe he thinks that saying he built the project for 2 years is already enough to impress anyone in the room and then won't question it's credibility plus he drop some screenies there on the first page. Usually screenshots are the most used evidence when someone propose something interesting here in the forum.

If let say his invention really works and it can predict better more than the others, well I don't think he will just use it and gave prediction here for free because he work hard for it and also other people will now depend on it without them experimenting and risking money on their own. That's why he is trying to sell it for some cash.

nites (OP)
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August 09, 2022, 09:08:04 AM
 #67

Quote
Maybe he thinks that saying he built the project for 2 years is already enough to impress anyone in the room and then won't question it's credibility plus he drop some screenies there on the first page. Usually screenshots are the most used evidence when someone propose something interesting here in the forum.

If let say his invention really works and it can predict better more than the others, well I don't think he will just use it and gave prediction here for free because he work hard for it and also other people will now depend on it without them experimenting and risking money on their own. That's why he is trying to sell it for some cash.

It took me 2 years to build, but for research and learning how to do it, more than 5 years. It was not meant to impress anyone.
Most of people misunderstood chart on the first post, believeing it is some indicator or whatnot, but it is prediction test.

I have already showed it works better than anything seen on this forum. Predicting 14 days in a row correctly is extremely low chance event. It can't be luck. Probability of this happening is 0.00006104.
Rather in fact, if someone tried to recreate it again, you would have 0.0061% chance of success in doing so.

Giving it for free is just not doable. Not because it took me lot of time to get here, but because running the system everyday takes enormous computing resources.
And of course, I need money to develop it further with more features and invest in hardware which costs hell of a lot.
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August 09, 2022, 12:07:48 PM
 #68

I doubt it but maybe you did an amazing invention. In order to prove that your AI is effective, we need to observe it for about a year maybe. Because short-term movements are not that hard to predict. It's shown in your images that the AI is not perfectly accurate but its trend is correct. What is the time frame of your chart mate? Can you show us the movement prediction for the next five days? Also, it will be easier to understand if you can make its movements into a candlestick. Maybe some of us are willing to make trade positions out of it if you are also willing to share the next 5-day movement.

I got some friends last year that made thousands of dollars daily using bot trading but it didn't last long. So maybe my friend's setting was doing well in that bullish period but it became ineffective when bitcoin started its correction.

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nites (OP)
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August 09, 2022, 01:00:52 PM
Last edit: August 09, 2022, 01:12:40 PM by nites
 #69

I doubt it but maybe you did an amazing invention. In order to prove that your AI is effective, we need to observe it for about a year maybe. Because short-term movements are not that hard to predict. It's shown in your images that the AI is not perfectly accurate but its trend is correct. What is the time frame of your chart mate? Can you show us the movement prediction for the next five days? Also, it will be easier to understand if you can make its movements into a candlestick. Maybe some of us are willing to make trade positions out of it if you are also willing to share the next 5-day movement.

I got some friends last year that made thousands of dollars daily using bot trading but it didn't last long. So maybe my friend's setting was doing well in that bullish period but it became ineffective when bitcoin started its correction.

Doubt is healthy, I'm also doubtful and suspiscious about everything, that significantly influenced me and lead to creating such a system. Otherwise, I would still trade indicators and supp and resist nonsense.
Trading bots are basically sets of rules with classic indicators, and they will obviously fail.

There is difference between predictions and trading signals. Yes, you can maybe make few good trades/signals in a row, but predicting correctly daily close direction is much harder.
Currently, system is running next day prediction, and I'm working right now to make it predict e.g. 5 days as you suggested.

I have to completely disagree that you need to observe it for a year to evaluate it's performance. Especially when the system is built on strong mathematics fundaments.
Not to mention you are basically losing money for that year observing it.

How I personally trade predictions: I buy or sell half a contract if prediction is upwards or downwards, and if price pullbacks in opposite direction I add half contract more.
It is highly effective and profitable, yet very simple, but that's only because predictions are most of the time correct.

nites (OP)
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August 11, 2022, 04:18:43 PM
 #70

Nites, Let the nay sayers and critics opinion go like “water off a ducks back”.
Keep in mind, especially when trying to share something and get it accepted on a forum, “Winners never quit and Quitters never win”.
Next prediction, please.

I'm getting quite sure that it's not possible to get it accepted here, because most of the people here don't understand and they can't judge what is good or what is not. I glanced throught threads in this trading discussion and it's astonishing that most people on this forum think you can beat market consistently with indicators and price action if you practice/learn enough. Total ignorance.  
There is a reason why 95% people in trading lose money, and it will always be the same.
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