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

Gaussian Processes

http://www.gaussianprocess.org/gpml/

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%