Show HN: A.I Bitcoin price predictions in your wallet | Hacker News Reader

Show HN: A.I Bitcoin price predictions in your wallet

getportal.co

36 pointsmanojdv38 comments

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If the AI price predictions were any good then the creator would trade using them and sell them to others.

Their ability to benefit from the predictions is limited by the amount of capital at their disposal

That's the classic dilemma, no?

If the predictions were any good, it shouldn't be hard to find people willing to invest capital.

not everyone wants to be a hedge fund :)

Perhaps, but the marketing copy on the site specifically targets hedge funds.

"Are you a crypto hedge fund?"

sonic the hedge fund

Put it this way: if it worked it's an arbitrary money making machine. Would you give that away?

Yes, that would be the logical conclusion of all these types of products.

However, but if more people use this then the prediction will become more likely to be true. E.g. predict price goes up -> users starts buying -> price does go up.

Would require a lot of users to affect price this way though I suppose...

thats true. at some scale it could become self fulfilling prophecy and at even larger scale, it can be used as a signal for market movement.

This.

Not to be narcissistic, but I can guarantee no whales are coming on anytime soon. Unless you control the keys and it supports cold storage, don't think it'll take off.

it is totally non custodial. target audience is prosumer, not a whale

It looks like after-the-fact trend change detection and then the AI just predicts a target price. Not completely useless, but trading requires a bit more modeling and also a lot of devops to ensure you don't get stuck in a trade if the computer crashes.

This looks fantastic.

But I can't in good conscience recommend anyone trust their Bitcoins to any wallet product that's not completely open source.

Hopefully it'll be open sourced sooner rather than later.

If your proprietary AI models run locally, I'd recommend separating them out into a separate process which paranoid users [1] can run as a network service on another machine.

A bit of business model advice: Don't give away the AI models as a binary blob. Instead, host the AI models on your own server. Make them your proprietary "secret sauce" your users pay a monthly fee for. The models are harder to reverse engineer if they're remote API's. Plus you get recurring revenue and can potentially do analytics.

[1] IMHO, everyone should be paranoid about security when it comes to high-value Bitcoin private keys.

Can't see any company information, or location of domicile anywhere. It's a financial product and some admission of propriety is required

Furthermore is this a rebrand of a product? https://www.cryptonaut.org/

How far has you gone and what’s your prediction model. Would it be an open source project ?

models are not open source, they are proprietary, but anyone can backtest, we timestamp it. The wallet/exchange is going to be open at some point

Cool. What is the source of price predictions? Is the model open source?

Third party models are not open source, they are proprietary, but anyone can backtest, we timestamp it

Cool looking tools! A few questions: When will the atomic swaps be operational? What will a swap cost? What's your business model? Will you charge institutional customers?

Swaps are already operational in testnet and we demo'd them at various public presentations. Its currently in beta testing and will be launching in a few weeks into the app. Re: business model, product is free to use but there is a maker/taker commission in swaps. In addition, some users can run the node for swaps, that generates passive income without any hardware investments.

Re: Running swap nodes: sign me up. I have spare capacity.

Awesome, please visit https://getportal.co and join waitlist

I really like the interface, but think the atomic swaps are the real key here. Is there any market maker / counterparty finding application for atomic swaps?

Agreed.real value is Layer 2 swaps that are faster than coinbase without custody

Looks cool. Any pointers where can we read about your price prediction models?

a whitepaper will be publicly available soon.

This looks promising. When will the white paper be available?

Thanks, coming out end of the month

Super great. I think this will be a game changer!

yeah, sounds exiting!

Sounds promising, looking forward to the wp!

Promising. UI looks great, too.

Thanks

I dont actually care about predictions. the atomic swaps look fire af

its also much needed, considering geopolitical risks to bitcoin

great looking product!

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