Skip to content

A new application to signal the beginning of Bitcoin Crash

--Advertisements --

The meteoric rise in the value of Bitcoin was simply spectacular, but it was also volatile, which was to say the least nervous.

Like any stock or market, rising prices are celebrated, but a bull race is double-sided

On the one hand, a massive increase in value makes some people incredibly rich. On the other hand, this could lead to a massive correction where a large number of people would start selling their shares

When this happens, the price of the marketed product will collapse. For Bitcoin, it could mean a spiral of chain death.

Fortunately, we live in the digital era of mobile applications and blockchain technology. Some very smart developers have created an application that uses the power of computer learning to scan Bitcoin markets, news, and social media platforms to signal any potential market meltdown in the future.

According to RT, the application Bitcoin Bubble Burst price change alerts at the time for users using algorithms based on Bitcoin price change data. Combined with news and social media chatter, they hope to serve meaningful advice to users.

-- Advertisements --

Potential Failure

Although this application and many others will undoubtedly be useful tools, there could be potential pitfalls. A host of bad news and a negative sentiment on social media could trigger sales messages on applications – leading to the very situation that they are trying to predict.

Nevertheless, developers plan to introduce customizable triggers for users – so that they are not inundated with push notifications. They also seem to support the algorithms that their software uses, according to their website:

"Using the analysis of feelings, we can get a digital image of the current event. Our model learns which patterns are "strange" and when to contact you by notification. "

Stay Informed

Although this handy software is convenient to use, it should not be useful Be the driving force behind a person's decisions on Bitcoin trading.

See also  US Treasury Department Investigates Illegal Uses of Bitcoin

Artificial intelligence has come a long way and the algorithms that fuel our social media platforms and search engines are incredibly complex.However, they do not incorporate human emotion.

A person can extract a lot of news information and that goes a lot further than the ability of ###. 39, an application to serve you digital data. There are feelings and emotions at play, especially when it comes to investments, and it is hard to believe that people will make important decisions because an app told them of the make.

-- Advertisements --

At the very least, being served in real time data from a broad area of ​​exchanges is extremely valuable, and this application and many others will be useful for monitoring trade global Bitcoin and cryptocurrencies in the future.

When traditional financial institutions like the Chicago Board Options Exchange Trading Bitcoin Futures on December 10, more and more people will need accurate data on cryptocurrencies.

At the very least, the ever-changing value of Bitcoin must be closely monitored, with changes of $ 100 a day banal.