These are chat archives for FreeCodeCamp/DataScience

12th
Oct 2018
Alice Jiang
@becausealice2
Oct 12 2018 00:02
:wave:
Eric Leung
@erictleung
Oct 12 2018 18:05
@becausealice2 :tada:
Mahmoud Elsayad
@MahmoudElsayad
Oct 12 2018 18:27
Greetings everyone, anyone knows about bitcoin price prediction algorithms ?
Alice Jiang
@becausealice2
Oct 12 2018 19:25
I don't pay attention to cryptocurrency, but it sounds like it would just be forecasting which is fairly simple
@erictleung :snail:
Mahmoud Elsayad
@MahmoudElsayad
Oct 12 2018 19:26
Yea, it's all about forecasting but the problem with bitcoin is that it can't be predicted easily , it's rare that i've found an algorithm with accuracy 70%+
Which is the reason why i am here, i wanna know if anyone familiar with such a matter and tell me about high accuracy algorithms concerning bitcoin price prediction
:D
Eric Leung
@erictleung
Oct 12 2018 20:52
@MahmoudElsayad algorithmic prediction algorithms I bet have been extensively been studied using traditional non-bitcoin markets. Maybe check those out, or as @becausealice2 suggested, forecasting algorithms.
Alice Jiang
@becausealice2
Oct 12 2018 22:01
70% accuracy is not bad, in my experience.
If you want to get fancy you could try and find additional features to consider, like maybe the price of tin foil, or the weather in Barbados.... but that could get extremely complicated extremely fast, and simplicity tends to be a more favorable approach