forecasting bitcoin with the datagami api (talk given at papis 2014)
TRANSCRIPT
Forecasting ฿itcoinKeiran Thompson
Why all the fuss about ฿?
Secure digital transactions enable real innovation:
• Very low fees ⟹ remittances 37coins.com
• Micro-payments (฿0.000001 == ฿100)
• Block-chain ⟹ complete traceability of transactionsonename.io
Liquidity remains an issue for non-USD currencies
฿/USD
฿/USD - log scale
฿/USD
฿/USD
Demo 1 - MojuCoinhttp://mojuze.com/apps_mojucoin.php
Does it work?
http://newsoffice.mit.edu/2014/mit-computer-scientists-can-predict-price-bitcoin
Gaussian Processes
Gaussian Processes
Gaussian Processes
Gaussian Processes
Demo 2 - datagamihttp://datagami.net/api-demo
Does it work?
Root Mean Square Error 2.58 USD
Median Absolute Error 1.04 USD
Mean Directional Error 22%