BitBank – Machine Learning AI Cryptocurrency Market Predictions?
With the crypto boom we are currently experiencing, there have been many novel trading services that have been launched into the market. However, when using these products we should be extremely careful as in recent times there have been many reports of people losing money due to poor decisions on the AI’s behalf. This is because, some of the older automatic trading systems still make use of outdated algorithms and programs.
About the Company
Bitbank is an all new startup which aims to offer its customers with ‘highly accurate, reliable’ market insights. Based upon current economic data, the system has been made to use clear risk assessment strategies that take into consideration actionable market insights for pro concurrency traders.
Some of the other key features of Bitbank include:
(i) Market Research Based:
This system provides customers with precise market intelligence that helps us obtain competitive pricing in terms of our preferred currencies.
(ii) Eliminates Emotional Spending:
An underrated feature of Bitbank is its ability to help make accurate decisions that are based on educated predictions. This helps reduce emotional investment.
In order to allow us to get the best deals at exactly the right times, the notification feature embedded into the program helps keep us up to date with even the smallest fluctuations in the market.
One unique feature incorporated into BItBank is its ‘prediction success meter’. It uses certain algorithms that have been proof tested so as to deliver accurate predictions in relation to investment options.
(v) Advanced Prediction Engine:
The inbuilt AI constantly scans through a wide array of live trade streams and computes it into amalgamated market research charts.
Other Important Features
In order to promote a spirit of community, users have the option to download all of the company’s datasets to see historical performance. Not only that, we can even run backtests to train and assess our own algorithms
(ii) Eliminates White Noise:
There is so much trade data available in the market and on the internet, that it can sometimes be almost impossible to get actionable datasets from all the fluff. Using its unique computational models, Bitbank is able to attenuate the level of ‘signal to noise ratio’, so that it is able to receive the most clear and concise trade deals possible.
The AI has certain mechanisms that allow for it to always learn from the market. Based upon long term data, this system is able to help provide us with the most relevant predictions
(iv) Added Income:
Through referrals, users can earn up to 0.003 btc.
How Does It Work?
The algorithm that governs the working of this platform has been presented below:
All of the data that is actionable and can be used for predictions is collected and gathered into one place.
The information is then spliced to isolate certain aspects like ‘time intervals’, ‘midpoints’ so as to create unique datasets that can then be executed independently or in conjunction with each other.
The data is then accumulated over a certain period of time so as to allow the machine to develop and retrieve trends and projections.
All of the data is computed in real time and displayed to the user so as to enable live trading.
Users also have the option to cancel ‘current orders’ and place new ‘real orders’ so as to train the machine and alter its core programming structure.
According to the developers, the platform constantly indexes new data, compares predicted vs actual results and adjusts its working accordingly. In fact, new market data is sent to the core processing unit after every two hours so as to compare forecasted results with the actual result.
Where Do I Sign Up For BitBank?
Interested users can sign up for a free ‘1 day trial’ by visiting the official company website. Prior to this, if users wish to connect with company officials they may do so by emailing any queries, or questions they might have to the addresses outlined on the webpage.