0
Reposts
1
Likes
3
Replies
For a Data-Driven Models to "Forecasting", you need more data than the historical price (OHLCV), It's important to understand this to create robust models.
What kind of other data you need?
- Macro data (e.g Inflation, Rates, etc)
- Fundamental data (Bitcoin case: Onchain Data, 4-year cycle, etc)
- Market Data (e.g Asset Class correlations, etc)
I say this because many people go straight to models to predict prices exclusively, and these types of models are more gambling than a model itself.
What kind of other data you need?
- Macro data (e.g Inflation, Rates, etc)
- Fundamental data (Bitcoin case: Onchain Data, 4-year cycle, etc)
- Market Data (e.g Asset Class correlations, etc)
I say this because many people go straight to models to predict prices exclusively, and these types of models are more gambling than a model itself.
Reply
(Edited)
Loading replies...
one day i will setup a model that takes in the entire blockchain traffic....
Reply