Bitcoin Price Prediction Tool: Amazingly Accurate
The single biggest stigma that still haunts Bitcoin is it's extreme volatility. However, imagine if you had a tool likened to an amazingly accurate Bitcoin crystal ball. Moreover, one that did not incur any out-of-pocket expenses to reap the benefits. Well, now you do, thanks to the Bitcoin prediction tool, courtesy of BTCPredictions.com. The Bitcoin prediction tool is a unique artificial neural network that predicts future Bitcoin price movements on Bitstamp every hour via a type of artificial intelligence; similar to a human's central nervous system. According to Wikipedia, There is no....
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Professor Devavrat Shah and Kang Zhang of the Laboratory for Information and Decision Systems at MIT have developed an automated system for Bitcoin trading, which outperforms most human traders and is able to almost double the investment in less that two months. They presented their method and results at the 52nd Annual Allerton Conference on Communication, Control, and Computing at the University of Illinois. The paper is available from arXiv. The researchers used Bayesian regression - a family of mathematical techniques for making optimal predictions based on incomplete input information....
Augur strives to bring prediction markets into the future. The tool, which Director of Operations Jeremy Gardner and Core Developer Joey Krug hope to make prediction markets more accurate than ever, comes with great precedent. But Augur believes, with the power of decentralization and open source technologies, theirs' is truly a paradigm shifting project. The decentralized prediction market has been gaining notoriety in recent months, and was even considered a finalist for the biggest breakthrough technology as voted upon by Singularity University at the Exponential Finance Conference for....
Prediction markets sound crazy. People “bet” on what the future will be, and the reported results end up accurate predicting the future. Truthcoin's Paul Sztorc, a decentralized prediction market pioneer, recently joined Epicenter Bitcoin to chat about how the future might look if these markets get off the ground. But first, he explained how prediction markets, such as Truthcoin, work. As Sztorc put it, “a prediction market is a market for buying and selling predictions just like you can buy and sell anything you want—orange juice or milk.” Users put their money where their mouth is; they....
Editor's note: This guest post was written by Radoslav Albrecht, co-founder of peer-to-peer bitcoin lending platform Bitbond.net. He has a background in economics, worked at an investment bank in London, and runs the German bitcoin blog bitcoins21. The bitcoin price is probably the most discussed aspect about bitcoin. But only few discussions try to derive a quantified long-term price potential. Do not mistake potential for prediction. As Yogi Berra said: "It is tough to make predictions, especially about the future." Nobody is capable of accurate prediction. The price potential rather....
The big question is whether or not this software can do the things it claims to do. There has been a lot of talk about Bitcoin and whether or not it is anonymous. Cryptocurrency experts will gladly point out Bitcoin is not anonymous, but rather pseudonymous. For those people interest in de-anonymizing cryptocurrency, however, BitCluster is a solution looking into. This tool has now been open sourced, and users can download the kit, as well as the database, from the website right now. Explaining what BitCluster does it not overly difficult, as this open-source tool is designed to analyze....