A Crypto Portfolio Strategy That Uses Machine Learning For Predicting Prices
120% return in 10 weeks.
That’s right. In just under 10 weeks, we were able to get a 120% return by using machine learning to predict the price movements in the crypto market.
Compared to the 7% performance that was experienced by Bitcoin over the same period, doubling your funds in 10 weeks is rather exceptional.
The best part is we didn’t use some fancy high-frequency trading strategy or sophisticated equipment. We used an assortment of readily available 3rd party services that anyone can access.
The weekly results have been publicly posted, that way anyone can verify the results. We also post the predictions for each week ahead of time, so anyone can follow along.
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The update from last week.
The results so far have shown the machine learning strategy has been able to outperform other popular strategies. The main exception was the first week of the study, the machine learning strategy underperformed the market.
These are the 10 week results.
- Nomics ML Performance: 120.06%
- Coin Gecko Performance: 13.70%
- Top 10 Index Performance: 9.23%
- Bitcoin Performance: 6.62%
How can I follow the study?
The study is 100% transparent. Each week our team publishes an update that describes the results from the previous week and outlines the portfolio changes for the next week.
We also automate the asset selection process for anyone interested in the Shrimpy social program. All you need to do is follow the “MLCaseStudy” leader.
Warning: This study is for educational purposes only. Using machine learning to pick assets does not mean the strategy guarantees returns. Investing in cryptocurrencies is risky and it’s possible to lose a substantial sum of money.
Do you know another service that uses machine learning to predict price changes in the crypto market?
Comment below to let us know so we can add more providers to our case study!
Additional Good Reads
How to Make a Crypto Trading Bot Using Python
How to Download Cryptocurrency Candlestick Data from Exchanges
Arbitrage Scripts for Crypto Trading Bots
Script for Bitcoin Price Live Ticker (Using Websockets)
Our Social Trading Platform
Shrimpy is a social trading platform for cryptocurrency. It is designed for both professional and novice traders to learn about the growing crypto industry. On Shrimpy, users can copy the portfolios and trading strategies of other traders.
