Show IH: CheckMyCoin - AI powered crypto-coin trend forecasting
Hello,
the last few weeks I have been working with a friend on a project which I would like to introduce here today. We would like to receive feedback from you about the general product, the landing page, etc.
CheckMyCoin is a current analysis of the top 20 cryptocurrencies. We analyze the relevant forums and networks to the individual coins and try to extract the current trend from them. This is then, clearly arranged for the user, expressed as a percentage value in Buy/Hold/Sell. The procedure works because the exchange rates of the cryptocurrencies are strongly influenced by the community. This knowledge advantage enables more intelligent decisions to be made when dealing with cryptocurrencies.
At the moment we offer a test phase of 24 hours. Afterwards, users can purchase an account for 29€/month.
The landing page can be found here: https://checkmycoin.com/
For the further development, we are planning automatic notifications when certain thresholds are exceeded and the presentation of social media contributions, which have the greatest influence on the price.
Best regards
Looks great! Would be great to see some actuals testimonials (for example did you try to follow the recommendations of the algorithm, and what were the results?). The concept itself is very great but would be awesome to make the website a little bit more human (a blog maybe could help?)
thank you Vinrob for your comments. we are constantly working on a cleaner and more intuitive design. Please tell us more, do you have explicit suggestions?
If the trial period was increased to 14 days and I gained a lot of value for using your product. I'd pay for it, but 24 hours seems like it's not long enough for me to ascertain whether this service would be useful.
Interesting concept -- pricing/trial period wasn't apparent at all in signup, wish you could have made that more clear.
thank you kevin for your comments. we will make the appearance and clearity of the trial and the subscription more clear.
This is sentiment analysis right? I'm always interested in alternative datasets, but how strong is the correlation between sentiment and price for crypto?
I know lots of hedge funds got burnt analysing twitter with this stuff a few years ago, but maybe its strong in crypto as fewer institutional investors?
i personally wouldn't say buy/hold/sell but favourable/neutral/unfavourable to make it clearer what you are selling, and that its not just a magic potion for 'guaranteed instant $10,000 profits in days etc.'
Neat -- thanks for sharing. I have a few questions/comments:
thank you datadavis for your comments! we have developed our own libraries to extract trends from unstructured texts. the percentages can be interpreted as the "chatter" or the "buzz" which a forum community tends to. not only are re-thinking the history visualization, we are open for new feature requests!
Very cool. I see the utility of such a service for cryptotraders.
Did you use Laravel Spark for this?
Thanks!
Yes 😊 I think it‘s a great starting point.
Out of interest, why did you use Spark instead of just Laravel? Not dissing, just interested as I know a lot of Laravel devs but no one that's used Spark.
spark is just a package for laravel. This saves the new development of user administration, subscriptions, invoices,....
Just all the things that are almost always the same anyway.
Yeah I'm fully aware of what it does, but it's all achievable yourself if you know how to code PHP. Was just wondering if you felt the Spark price tag was worth the time saved writing code?
Yeah, in my opinion it totally is. Unless you want to do things drastically differently. $199 for unlimited licenses is a steal when you're pumping out things. Though you could do this yourself once, then copy pasta all the code every time. But in terms of having a maintained up to date package ready for you every time, it's pretty worth it.