Book Image

Scala Machine Learning Projects

Book Image

Scala Machine Learning Projects

Overview of this book

Machine learning has had a huge impact on academia and industry by turning data into actionable information. Scala has seen a steady rise in adoption over the past few years, especially in the fields of data science and analytics. This book is for data scientists, data engineers, and deep learning enthusiasts who have a background in complex numerical computing and want to know more hands-on machine learning application development. If you're well versed in machine learning concepts and want to expand your knowledge by delving into the practical implementation of these concepts using the power of Scala, then this book is what you need! Through 11 end-to-end projects, you will be acquainted with popular machine learning libraries such as Spark ML, H2O, DeepLearning4j, and MXNet. At the end, you will be able to use numerical computing and functional programming to carry out complex numerical tasks to develop, build, and deploy research or commercial projects in a production-ready environment.
Table of Contents (17 chapters)
Title Page
Packt Upsell
Contributors
Preface
Index

Bitcoin, cryptocurrency, and online trading


Bitcoin, the first cryptocurrency by date of launch and by market cap (as of December2017) has attracted investors and traders because of its ease of starting trading, ability to stay pseudo-anonymous, and, of course, dramatic growth during its history (see Table 1 and Figure 1 for some statistics). This lures long-term investors; its high volatility also attracts day traders.

However, it's hard predict the value of Bitcoin in the long term, as the value behind Bitcoin is less tangible. The price mostly reflects market perception and is highly dependent on news, regulations, collaboration of governments and banks, technical issues of the platform (such as transactions fee and block size), interest of institutional investors in including Bitcoin into their portfolio, and more:

Figure 1: Bitcoin and its dramatic price increases

Nonetheless, from a short-term perspective, Bitcoin price is a by-product of market activity usually happening on a platform...