Will the Bitcoin bubble burst soon? This KI app is intended to warn investors about the crash
Bitcoin Bubble Burst is to warn of the crash
On Sunday alone, the Bitcoin price rose again by just under $ 1,000, since the beginning of the year, the price has increased more than tenfold. Currently (9:30 pm), a Bitcoin is worth around $ 11,820 - the $ 12,000 mark is in sight. No wonder critics speak of a bubble that could soon burst. Just ahead of this, the artificial intelligence-powered app Bitcoin Bubble Burst will protect investors in the future, as Techcrunch reports.
Because the machine learning system developed within the scope of the Disrupt Berlin Hackathon is to be able to predict larger upward and downward movements of the course of the cryptocurrency. Developers Claudio Weck, Saad El Hajjaji and Karthick Perum have fed the KI with data related to past Bitcoin price changes.
The system will now independently search for specific patterns that could signal a course reversal. This includes the observation of marketplaces. In addition, the app evaluates according to the developers news - such as whether banned in a country Bitcoin or taxes are levied on the trade in cryptocurrencies. The social media are also searched for reactions to certain news.
Bitcoin Bubble Burst: App learns about it
App users will receive a message explaining what's going on and what investors can expect in terms of bitcoin pricing. According to the developers, the Bitcoin Bubble Burst algorithm was pretty accurate so far. The forecasts should become even better as time goes by as the system continues to learn.
If you are interested in the KI forecasts of Bitcoin Bubble Burst, you can sign up for this page. The developers promise that the notification will only be sent in really important cases and the privacy of the users will be protected.
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