Want to know when to sell Bitcoins? MIT researchers can predict prices
J Thoendell stashed this in Cryptocurrency
Machine learning — the practice of teaching machines to make decisions using existing data — can do a lot of things. One academic researcher has devised a way to use it to predict the price of the Bitcoin virtual currency.
That might not sound like a big deal at first. But think about it for a moment. With the system, you could figure out when to sell the remaining Bitcoins you have in order to minimize your loss or maximize your gain. Or you could find out the right time to buy.