Subscribe
June 21, 2026
Sign In

Capitalizations Index – B ∞/21M

Menu
Breaking
How Bitcoin ATMs Enable Cash-to-Bitcoin Transactions Can Bitcoin Transactions Be Tracked? Exploring Blockchain Transparency Bitcoin’s Issuance Rate Declines, Increasing Its Scarcity Bitcoin Halving: Understanding Its Four-Year Supply Reduction Understanding Bitcoin Nodes: Validation and Network Relay

Cryptocurrency And Artificial Intelligence: Could They Truly Work In Harmony?

Cryptocurrency and artificial intelligence: could they truly work in harmony?

Cryptocurrency And Artificial Intelligence: Could They Truly Work In Harmony?

Cryptocurrency and artificial intelligence: could they truly work in harmony?


As technology continues to evolve and learn from our human behavior it is no surprise that it is making a dramatic impact on the world of investing in cryptocurrency and the way that it is achieved. As AI offers a tailored experience to those frequent visitors the question remains as to whether or not the two could ever truly work in harmony to provide an experience that is unmatched by any other.

What Is Artificial Intelligence?

Artificial intelligence has begun to make its way into every aspect of our lives as technology evolves. With machine learning being present in-home devices such as the Google Home and Amazons Alexa as well as in cars and the technology that they use. This is the implementation of machine learning that can respond to a command that you are looking for and is present in everyday devices such as our mobile phones and even thermostats.

How Does This Work With Cryptocurrency?

Although this is becoming more and more common, it is only beginning to be adopted in the world of cryptocurrency the question is does it work? Due to AI learning from the behavior of the people using it, this could be beneficial for tracking trading behaviors as well as optimizing your experience to suit your needs. With a number of companies using the implementation of AI to tailor the trading experience of cryptocurrency as well as predicting fluctuations in the prices showing real potential to heavily influence the business sector.

The Reduction In Human Error

By using artificial intelligence within the world of cryptocurrency you are reducing the risk of human error on the likes of payments and contracts. This makes it a benefit for individual and businesses alike as it helps to streamline the process as well as ensuring that all payments are secure. AI can also be used to calculate the number of bitcoin that are in circulation through each individual computer helping to automate the process and make the mining process much more efficient.


How Could This Benefit The Business Sector?

This could make the process of trading and dealing in cryptocurrency much easier for large businesses as this will offer frequent updates on markets as well as remember trading behaviours allowing them much quicker access to information. This AI can help to monitor the value of bitcoin also as this can offer notifications of any fluctuations that may occur which has helped to create an improved user experience on the platform since being founded 10 years ago. The use of AI can also help to speed up the process of trading as well as the security surrounding each transaction. With AI able to predict the value of the currency in the coming months, businesses are able to be much smarter with their money and make payments at a time that benefits them. Although the implementation of such technology is inevitable it is important to use it to your advantage, as the more information that you give the algorithm the more it will be able to help you.

Due to the lack of corruption surrounding this currency, you will not be hit with any hidden charges, this then means that businesses can predict profit margins as well as any potential drops in advance. This is significant as this provides more financial stability as this currency is not affected by inflation rates or taxes.

Analytics

The main function of AI within bitcoin is to monitor the value of your stock as well as the market as a whole. This analytics provides additional information to users allowing them to make more informed decisions. This intelligence will use the information that it collects from your search patterns as well as the intelligence from the stocks and combines them allowing you to develop your knowledge and trade with confidence.

Despite this being in the early stages, there are big plans in the future to further expand the use of AI within cryptocurrency to provide more information to users as well as an all-round secure experience with ultimate precision.

As cryptocurrency and AI continue to become ever closer it is bringing big changes to the industry as well as the business sector making this alternative currency far more appealing to big businesses looking for an efficient way to trade.

Image(s): Shutterstock.com

Published at Thu, 28 Mar 2019 15:02:26 +0000

Previous Article

Tesla Winner Flashed on Video Before Draw, Just a Glitch Says Justin Sun

 Next Article

Swiss Watchdog Rules Crypto Miner’s ICO ‘Seriously Violated’ Laws

You might be interested in …

Op-ed: Bitcoin Is Not a Bubble; It's in an S-Curve and It's Just Getting Started

Op-ed: Bitcoin Is Not a Bubble; It's in an S-Curve and It's Just Getting Started

One of the most intriguing stories underpinning the recent rise of bitcoin prices is how financial institutions will interact with the currency.

The upcoming CBOE futures market is going to open the door for Wall Street giants to participate in the market. That could spell moon or doom for bitcoin, and everyone is speculating on what may happen next.

It is this Wall Street/BTC interaction (phenomenon) that may be driving the unbelievable price spike of the past few days — at least partially.

On the macro scale, however, we may be witnessing a more grand pattern forming; a price-correlated S-curve.

The S-curve is the classic adoption curve applied to the advent of new technologies. As a percentage of the population, adoption looks like a lag phase where the technology is utilized by the innovators of said technology, followed by an early adoption phase led by people who often take risks in order to be the first movers in a space. After the early adopter phase (~16% of the population is now participating), there comes a great “tipping point” where the wide use of the technology seems inevitable. The tipping point gives rise to the “Early Majority” joining in on the fun, followed by the late majority and, finally, the holdouts who allow the top of the S to asymptotically approach total adoption. The curve, as a factor of time and adoption, looks sort of like the following:

Screen_Shot_2017-12-08_at_9.56.44_AM.png

This curve correlates nicely with adoption of some of the greatest technological innovations in our recent history:

Screen_Shot_2017-12-08_at_9.57.15_AM.png

Some important things to note is that this is just U.S. adoption. Much of the world lagged behind the U.S. in the consumer appliance boom of the 1900s. All of these curves, however steep, do follow the same S-curve trend fairly nicely.

So what could that mean for bitcoin? It’s difficult to choose a metric to define bitcoin adoption, and, in fact, there are disputes about if one metric accurately captures it. However, for simplicity I’ll highlight Google searches for bitcoin and Coinbase user count as microcosms of the global adoption trend.

google search

Screen_Shot_2017-12-08_at_9.58.02_AM.png(from CNBC)

This seems to show a very similar pattern to what could be the transitional phase between “innovators” and “Early Adopters.” Just to harken back to the earlier statement though — it’s very difficult to put a number on bitcoin adoption.

So why is this remarkable? bitcoin may be the first “buyable” S-curve. Because this is a capped-supply currency, more users adopting and using it necessitates an increase in price. Whether that correlation is even reflective of the current price action is a practically unanswerable question, and the obvious leaning would be towards there being a speculative additional value. However, with an increase in adoption, there seems to be a floor rising up to catch whatever “bubble burst” might occur, if and when it happens.

https://platform.twitter.com/widgets.js

“Eternal September” is the phrase used to describe September of 1993, when widespread internet adoption began to look inevitable. It occured after AOL began a mailing campaign offering free trials of its internet service, leading to an influx of internet users that has since never ended. Hence “Eternal September.”

https://platform.twitter.com/widgets.js

To compare bitcoin’s adoption to its complement — the internet — this may very well be the “Eternal September” episode for bitcoin.

If the S-curve adoption theory applies to bitcoin, then buckle up. I won’t pretend to be able to predict a spot price, but I will say I think we may be sitting close to another order of magnitude this time next year.

See y’all on the moon.

Corollary: Bulls sound smart in bull markets. We may look back and laugh at this thought, or it may hold true for years to come. Time will tell. ‘Til then, buy bitcoin.

Trading and investing in digital assets like bitcoin and ether is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on bitcoin Magazine and BTC Media related sites do not necessarily reflect the opinion of BTC Media and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.


The post Op-ed: Bitcoin Is Not a Bubble; It's in an S-Curve and It's Just Getting Started appeared first on Bitcoin Magazine.

Close Menu