Bitcoin Bubble Burst is a cryptocurrency investor service app that purportedly uses machine learning to predict market fluctuations in the price of Bitcoin, the industry’s core cryptocurrency.
Bitcoin Bubble Burst is a project developed by three individuals: Claudio Weck, Saad El Hajjaji, and Karthick Perum, with the three working together to debut the program at the Disrupt Hackathon held in Berlin, Germany in early December.
The rest, as they say, is history – the new service is still largely in development, with individuals welcome to leave their contact information at the Bitcoin Bubble Burst website for more information in the future.
What Is Bitcoin Bubble Burst?
Bitcoin Bubble Burst, which has yet to be released publicly, is designed to study market conditions for the cryptocurrency industry, process breaking news that might have an impact on the crypto market, and then analyze that data in conjunction with historical price fluctuations as well.
The result is an app that provides predictive modeling on how the price of Bitcoin, which is notoriously volatile, may change in the very near future. This functionality will likely go hand-in-hand with a user notification function as well, to keep investors informed of incoming market changes.
As mentioned above, Bitcoin Bubble Burst as a service is not available to the public as yet, though the trio of developers did present the application at the Disrupt Hackathon in functional form. Those interested in the development of the app can place themselves on the Bitcoin Bubble Burst mailing list for more information in the future.
Doing so provides early adopters the opportunity to gain access to the app. If its predictions are accurate, this could result in more successful cryptocurrency investments – something that could certainly be a major benefit in the future.
Bitcoin Bubble Burst Verdict
Right now, it’s just too early to tell how the final development of Bitcoin Bubble Burst will go. Incorporating historical data into a price prediction algorithm will certainly go a long way in providing a foundation for the app, but the non-quantifiable drivers of Bitcoin price fluctuations – such as policy decisions made by large corporations or governments worldwide – may be harder to translate into a language that can be expressed in percentage of growth or decline.
Do we think it’s an impossible task? Certainly not. Bitcoin Bubble Burst’s developers are clever enough to know the tough row they’re hoeing, and we’re sure they have more than a few tricks stuffed up their sleeves. This means that we may see Bitcoin Bubble Burst becoming a very popular tool in the very near future, especially with pundits predicting a major bubble burst in the market since Bitcoin topped $10,000 in valuation.
Either way, it costs a savvy investor nothing to keep an eye on the market – and to look out for new tools to help him or her do that. Signing up for Bitcoin Bubble Burst’s email list is likely a good idea, if nothing else than out of academic interest in how the project is progressing.