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TIME VALUE OF MONEY
How much we each value money is an interesting concept. It may seem that some people value it less than others. Others are willing to work harder for it too. While these concepts are pretty abstract, when it comes to valuing money over time, there is, in fact, a well-established framework. If you're wondering whether to wait for a larger end-of-year raise or get a smaller one now, the time value of money is a great principle to learn.
Introducing
The time value of money (TVM) is an economic/financial concept that states it's preferable to receive a sum of money now than an equal amount in the future. Within this decision is the idea of opportunity cost. By choosing to receive the money later, you miss the opportunity to invest it in the meantime or use the money for some other valuable activity.
Let's look at an example. You loaned your friend $1,000 a while back, and they've now got in touch to return it. They offer to give you the $1,000 today if you pick it up, but tomorrow they're going on a round-the-world trip for one year. However, they would give you the $1,000 once they're back in 12 months.
If you're feeling particularly lazy, you may wait 12 months. But the TVM means you'd be better off picking it up today. Within those 12 months, you could put it in a high-interest savings account. You could even wisely invest it and make some profit. Inflation would also mean that your money is worth less 12 months into the future, so you're actually being paid less in real terms.
An interesting question to consider is what would your friend have to pay you in 12 months to make it worth the wait? For one thing, your friend would at least need to offset the potential earnings you could make in the 12 months waiting period.
What Is Present Value and Future Value?
We can summarize this whole conversation neatly in a succinct formula known as the TVM Formula. But before we jump into that, we need to get some other calculations out of the way first: the present value of money and the future value of money.
The present value of money lets you know the current value of a future sum of cash, discounted at the market rate. Looking at our example, you might want to know what the $1,000 from your friend in one year is actually worth today.
The future value is the opposite. It looks at a sum of money today and calculates what its worth will be in the future at a given market rate. So, the future value of $1,000 in a year would include a year's worth of interest.
Inflation effect
As of yet, we've not factored inflation into our calculations. What good is a 2% per annum interest rate when inflation is running at 3%? In periods of high inflation, you may be better off plugging in the inflation rate rather than the market interest rate. Wage negotiations are one place where this is commonly done.
However, inflation is a much trickier thing to measure. For one, there are different indexes to choose from that calculate the increase in the price of goods and services. They commonly provide different figures. Inflation is also fairly hard to predict, unlike market interest rates.
In short, there isn't much we can do about inflation. We can build into our model a discounting aspect for inflation, but as mentioned, inflation can be wildly unpredictable when it comes to the future.
the dollar has devalued against gold by more than 95% over time.
How Does the Time Value of Money Apply to Crypto
There are multiple opportunities in crypto where you can choose between a sum of crypto now and a different sum in the future. Locked staking is one example. You may have to make a choice between keeping your one ether (ETH) now or locking and getting it back in six months with an interest rate of 2%. You may, in fact, find another staking opportunity that offers a better return. Some simple TVM calculations can help you find the best product.
More abstractly, you might be wondering when you should buy bitcoin (BTC). Although BTC is commonly called a deflationary currency, its supply actually increases slowly until a certain point. This, by definition, means it currently has an inflationary supply. Should you then purchase $50 of BTC today or wait for your next paycheck and buy $50 next month? TVM would recommend the former, but the actual situation is more complex due to the fluctuating price of BTC.
Interest rates, yield, and inflation are common in our daily economic lives. The formalized versions we worked on today come in great use to large companies, investors, and lenders. For them, even a fraction of a percent can make a huge difference to their profits and bottom line. For us, as crypto investors, it's still a concept worth keeping in mind when deciding on how and where to invest your money for the best returns.
#originalcontent #OriginalContent #Binance #crypto2023 #APfinanciero
Introducing
The time value of money (TVM) is an economic/financial concept that states it's preferable to receive a sum of money now than an equal amount in the future. Within this decision is the idea of opportunity cost. By choosing to receive the money later, you miss the opportunity to invest it in the meantime or use the money for some other valuable activity.
Let's look at an example. You loaned your friend $1,000 a while back, and they've now got in touch to return it. They offer to give you the $1,000 today if you pick it up, but tomorrow they're going on a round-the-world trip for one year. However, they would give you the $1,000 once they're back in 12 months.
If you're feeling particularly lazy, you may wait 12 months. But the TVM means you'd be better off picking it up today. Within those 12 months, you could put it in a high-interest savings account. You could even wisely invest it and make some profit. Inflation would also mean that your money is worth less 12 months into the future, so you're actually being paid less in real terms.
An interesting question to consider is what would your friend have to pay you in 12 months to make it worth the wait? For one thing, your friend would at least need to offset the potential earnings you could make in the 12 months waiting period.
What Is Present Value and Future Value?
We can summarize this whole conversation neatly in a succinct formula known as the TVM Formula. But before we jump into that, we need to get some other calculations out of the way first: the present value of money and the future value of money.
The present value of money lets you know the current value of a future sum of cash, discounted at the market rate. Looking at our example, you might want to know what the $1,000 from your friend in one year is actually worth today.
The future value is the opposite. It looks at a sum of money today and calculates what its worth will be in the future at a given market rate. So, the future value of $1,000 in a year would include a year's worth of interest.
Inflation effect
As of yet, we've not factored inflation into our calculations. What good is a 2% per annum interest rate when inflation is running at 3%? In periods of high inflation, you may be better off plugging in the inflation rate rather than the market interest rate. Wage negotiations are one place where this is commonly done.
However, inflation is a much trickier thing to measure. For one, there are different indexes to choose from that calculate the increase in the price of goods and services. They commonly provide different figures. Inflation is also fairly hard to predict, unlike market interest rates.
In short, there isn't much we can do about inflation. We can build into our model a discounting aspect for inflation, but as mentioned, inflation can be wildly unpredictable when it comes to the future.
the dollar has devalued against gold by more than 95% over time.
How Does the Time Value of Money Apply to Crypto
There are multiple opportunities in crypto where you can choose between a sum of crypto now and a different sum in the future. Locked staking is one example. You may have to make a choice between keeping your one ether (ETH) now or locking and getting it back in six months with an interest rate of 2%. You may, in fact, find another staking opportunity that offers a better return. Some simple TVM calculations can help you find the best product.
More abstractly, you might be wondering when you should buy bitcoin (BTC). Although BTC is commonly called a deflationary currency, its supply actually increases slowly until a certain point. This, by definition, means it currently has an inflationary supply. Should you then purchase $50 of BTC today or wait for your next paycheck and buy $50 next month? TVM would recommend the former, but the actual situation is more complex due to the fluctuating price of BTC.
Interest rates, yield, and inflation are common in our daily economic lives. The formalized versions we worked on today come in great use to large companies, investors, and lenders. For them, even a fraction of a percent can make a huge difference to their profits and bottom line. For us, as crypto investors, it's still a concept worth keeping in mind when deciding on how and where to invest your money for the best returns.
#originalcontent #OriginalContent #Binance #crypto2023 #APfinanciero
THE 5 MISTAKES OF CRYPTOCURRENCY TRADING
Cryptocurrency trading can generate a whole range of feelings, from euphoria to nervousness and everything in between. Of course, when you start winning, it's exciting. But when the pressure starts to build, it can become stressful. At all times, investors must remember that as much as profits are on the horizon, there is also the risk of losing it all.
It's easy to make mistakes, especially when starting out, such as risking more than you can afford or getting carried away by emotions.
Here are five common mistakes to avoid in your first few months as a private or retail investor.
1. Treating trading like a game
Sometimes new traders apply a gambling mentality to the markets, aiming to make a quick buck with little strategy and a lot of luck.
Effective trading is a skill that must be honed over time. It requires discipline, a solid understanding of fundamental and technical analysis and a clear strategy. Consider your skills as a muscle to be strengthened with continuous training.
2. Starting without practice
Don't take for granted that you will be successful right away. It takes time to become familiar with trading. It takes skill and practice to generate real profits.
Fortunately, there are many resources available on the Internet to help you develop these skills. We recommend practicing with demo versions of online trading applications before risking real money.
3. Trading without a plan
To avoid making impulsive or emotion-based decisions, it is essential to have a plan that includes clear objectives, sound analysis, realistic profit and loss forecasts and reasonable time frames.
It is vital to take the time to create a trading plan that suits your trading style, risk tolerance and financial objectives. And remember to review and adjust it periodically to reflect changes in the market and your personal circumstances.
4. Ignoring risk management
Many novice traders get lost in the glory of their victories and forget to monitor the risks involved in each trade.
Don't forget to carefully examine your risk exposure and avoid excessive leverage when trading, continually measuring the profit and loss of each trade to ensure that the potential reward justifies and compensates for the potential risk.
Keep in mind also that many retail investors like to diversify their trading, as having a range of instruments to trade allows them to build portfolios that reflect their appetite for risk and protect against volatility.
Finally, you can mitigate the risk of loss with risk management techniques, for example, by using guaranteed stop loss orders that ensure your position is always closed at the pre-selected price.
Getting carried away by emotions
Even after you have practiced, developed a strategy and carefully analyzed the performance of your first few trades, it is easy to let strong emotions, such as excitement, fear and hope, cloud your judgment and lead you to make impulsive decisions.
Avoid making decisions based on news or market noise; trust your plan and focus on market fundamentals. When the pressure mounts and emotions run high, those who maintain discipline will reap the rewards.
Trading is a complex art that can take years to master. But by adopting a disciplined and informed approach, as well as using a powerful platform, novice traders can accelerate their development and improve their chances of market success.
How can I trade on Binance?
Login to Binance with your username and password.
Click on "Trading" (top area of the page).
Choose the mode: Classic or Advanced.
Select the quantity.
Choose the price for your order.
Click on buy to finalize the operation.
For more information on the binance academy platform you can access all the material you need to learn for free.
#BinanceTournament #Binance #APfinanciero
It's easy to make mistakes, especially when starting out, such as risking more than you can afford or getting carried away by emotions.
Here are five common mistakes to avoid in your first few months as a private or retail investor.
1. Treating trading like a game
Sometimes new traders apply a gambling mentality to the markets, aiming to make a quick buck with little strategy and a lot of luck.
Effective trading is a skill that must be honed over time. It requires discipline, a solid understanding of fundamental and technical analysis and a clear strategy. Consider your skills as a muscle to be strengthened with continuous training.
2. Starting without practice
Don't take for granted that you will be successful right away. It takes time to become familiar with trading. It takes skill and practice to generate real profits.
Fortunately, there are many resources available on the Internet to help you develop these skills. We recommend practicing with demo versions of online trading applications before risking real money.
3. Trading without a plan
To avoid making impulsive or emotion-based decisions, it is essential to have a plan that includes clear objectives, sound analysis, realistic profit and loss forecasts and reasonable time frames.
It is vital to take the time to create a trading plan that suits your trading style, risk tolerance and financial objectives. And remember to review and adjust it periodically to reflect changes in the market and your personal circumstances.
4. Ignoring risk management
Many novice traders get lost in the glory of their victories and forget to monitor the risks involved in each trade.
Don't forget to carefully examine your risk exposure and avoid excessive leverage when trading, continually measuring the profit and loss of each trade to ensure that the potential reward justifies and compensates for the potential risk.
Keep in mind also that many retail investors like to diversify their trading, as having a range of instruments to trade allows them to build portfolios that reflect their appetite for risk and protect against volatility.
Finally, you can mitigate the risk of loss with risk management techniques, for example, by using guaranteed stop loss orders that ensure your position is always closed at the pre-selected price.
Getting carried away by emotions
Even after you have practiced, developed a strategy and carefully analyzed the performance of your first few trades, it is easy to let strong emotions, such as excitement, fear and hope, cloud your judgment and lead you to make impulsive decisions.
Avoid making decisions based on news or market noise; trust your plan and focus on market fundamentals. When the pressure mounts and emotions run high, those who maintain discipline will reap the rewards.
Trading is a complex art that can take years to master. But by adopting a disciplined and informed approach, as well as using a powerful platform, novice traders can accelerate their development and improve their chances of market success.
How can I trade on Binance?
Login to Binance with your username and password.
Click on "Trading" (top area of the page).
Choose the mode: Classic or Advanced.
Select the quantity.
Choose the price for your order.
Click on buy to finalize the operation.
For more information on the binance academy platform you can access all the material you need to learn for free.
#BinanceTournament #Binance #APfinanciero
RISK MANAGEMENT
Managing risk is a crucial aspect of investing in cryptocurrencies, especially for those who are just starting in the space. While there are significant opportunities for gains, there are also risks, including volatility, security breaches, and scams. Here are five essential points to consider when managing risk in cryptocurrency investments:
Research and education: Before investing in any cryptocurrency, it's essential to research and understand the technology behind it, as well as the risks involved. Education is key to making informed investment decisions and avoiding scams or fraudulent projects.
Diversification: Diversifying your cryptocurrency portfolio is crucial to managing risk. By investing in multiple cryptocurrencies, you spread your risk across different projects, reducing the impact of any single project's poor performance.
Risk tolerance: Knowing your risk tolerance is essential when investing in cryptocurrencies. Cryptocurrency investments can be highly volatile, and it's important to be comfortable with the level of risk you are taking on.
Technical analysis: Technical analysis involves examining historical price data and chart patterns to identify trends and potential price movements. It can be a useful tool for predicting the direction of the market and identifying potential entry and exit points.
Security: Ensuring the security of your cryptocurrency investments is crucial to managing risk. This includes using secure exchanges like Binance, enabling two-factor authentication, and storing your assets in cold storage.
#Binance Academy plays a critical role in educating users on cryptocurrency investments and risk management. The platform offers free educational resources in various languages, covering topics such as blockchain technology, cryptocurrency trading, and security. By providing accessible and comprehensive education, #BinanceAcademy helps users to make informed investment decisions and manage their risk effectively.
#safu #dyor #feedfeverchallenge #APfinanciero
Research and education: Before investing in any cryptocurrency, it's essential to research and understand the technology behind it, as well as the risks involved. Education is key to making informed investment decisions and avoiding scams or fraudulent projects.
Diversification: Diversifying your cryptocurrency portfolio is crucial to managing risk. By investing in multiple cryptocurrencies, you spread your risk across different projects, reducing the impact of any single project's poor performance.
Risk tolerance: Knowing your risk tolerance is essential when investing in cryptocurrencies. Cryptocurrency investments can be highly volatile, and it's important to be comfortable with the level of risk you are taking on.
Technical analysis: Technical analysis involves examining historical price data and chart patterns to identify trends and potential price movements. It can be a useful tool for predicting the direction of the market and identifying potential entry and exit points.
Security: Ensuring the security of your cryptocurrency investments is crucial to managing risk. This includes using secure exchanges like Binance, enabling two-factor authentication, and storing your assets in cold storage.
#Binance Academy plays a critical role in educating users on cryptocurrency investments and risk management. The platform offers free educational resources in various languages, covering topics such as blockchain technology, cryptocurrency trading, and security. By providing accessible and comprehensive education, #BinanceAcademy helps users to make informed investment decisions and manage their risk effectively.
#safu #dyor #feedfeverchallenge #APfinanciero
BRIEF ANSWERS TO THE BIG QUESTIONS
Stephen Hawking (1942-2018) was a British theoretical physicist, cosmologist, and science communicator. He was internationally recognized for his contributions to the study of theoretical physics, particularly in cosmology and black hole physics.
Among his most notable works is "A Brief History of Time," a worldwide bestseller that explains the most complex concepts of modern physics in an accessible way, as well as his own experience living with a neurodegenerative disease that left him confined to a wheelchair and unable to speak.
Here we will share 10 great unknowns of humanity answered by Stephen Hawking, verified by his last book before his death.
1. Will the human species survive in the future?
"The present world order has a future, but it will be very different. There will be some problems, one of them is the creation of genetically modified Super Humans".
2. Should we colonize space?
"We have no choice but to colonize space, because in the future the planet will have many problems and we will need to leave it. One of them is pollution and overpopulation.
3. Will artificial intelligence surpass us?
"A super-intelligent artificial intelligence will be extremely good at achieving goals; if those goals are not aligned with ours, we are in trouble."
4. Can we predict the future?
Predicting the future can be allowed, the laws of nature support it. However in practice it is too difficult for now.
5. Is there other intelligent life in the universe?
There are intelligent life forms out there, we have to be careful not to answer until we have developed a little more. "If they find us now, it would be very bad news for humanity".
6. Is time travel possible?
"I think it is possible to travel to the future but we don't have enough technology, however we cannot rule out that traveling to the past is possible with our current understanding".
7. What is inside a black hole?
Everything that is trapped inside a black hole is in a place where time does not exist.
8. How did it all begin?
The universe was simply created out of nothing. "Quantum mechanics tells us that particles can spontaneously appear out of nothing, stay again and then disappear again in a totally different location."
9. Does God exist?
If the universe was created out of absolute nothingness, it makes no sense that God exists. "We are free to believe whatever we want, and my opinion is that the simplest explanation is that there is no God, no one created the universe and no one directs our destiny."
10. Does life after death exist?
"I consider the brain as a computer that will stop working when its components fail, there is no paradise or life after death for computers that stop working; that is a fairy tale for people who are afraid of the dark."
Hawking was a member of the Royal Society and the U.S. National Academy of Sciences, and received numerous awards and recognitions for his work, including the Royal Society's Copley Medal and the U.S. Presidential Medal of Freedom. We bring this article to Binance Feed so that you can learn more about one of the greatest personalities in history.
#Binance #Article #BinanceFeed #APfinanciero
Among his most notable works is "A Brief History of Time," a worldwide bestseller that explains the most complex concepts of modern physics in an accessible way, as well as his own experience living with a neurodegenerative disease that left him confined to a wheelchair and unable to speak.
Here we will share 10 great unknowns of humanity answered by Stephen Hawking, verified by his last book before his death.
1. Will the human species survive in the future?
"The present world order has a future, but it will be very different. There will be some problems, one of them is the creation of genetically modified Super Humans".
2. Should we colonize space?
"We have no choice but to colonize space, because in the future the planet will have many problems and we will need to leave it. One of them is pollution and overpopulation.
3. Will artificial intelligence surpass us?
"A super-intelligent artificial intelligence will be extremely good at achieving goals; if those goals are not aligned with ours, we are in trouble."
4. Can we predict the future?
Predicting the future can be allowed, the laws of nature support it. However in practice it is too difficult for now.
5. Is there other intelligent life in the universe?
There are intelligent life forms out there, we have to be careful not to answer until we have developed a little more. "If they find us now, it would be very bad news for humanity".
6. Is time travel possible?
"I think it is possible to travel to the future but we don't have enough technology, however we cannot rule out that traveling to the past is possible with our current understanding".
7. What is inside a black hole?
Everything that is trapped inside a black hole is in a place where time does not exist.
8. How did it all begin?
The universe was simply created out of nothing. "Quantum mechanics tells us that particles can spontaneously appear out of nothing, stay again and then disappear again in a totally different location."
9. Does God exist?
If the universe was created out of absolute nothingness, it makes no sense that God exists. "We are free to believe whatever we want, and my opinion is that the simplest explanation is that there is no God, no one created the universe and no one directs our destiny."
10. Does life after death exist?
"I consider the brain as a computer that will stop working when its components fail, there is no paradise or life after death for computers that stop working; that is a fairy tale for people who are afraid of the dark."
Hawking was a member of the Royal Society and the U.S. National Academy of Sciences, and received numerous awards and recognitions for his work, including the Royal Society's Copley Medal and the U.S. Presidential Medal of Freedom. We bring this article to Binance Feed so that you can learn more about one of the greatest personalities in history.
#Binance #Article #BinanceFeed #APfinanciero
BUY, STORE & SELL
How can I buy Bitcoin?
So you've learned the basics of Bitcoin, you're excited about its potential and you want to buy it. But how?
One easy option for buying Bitcoins is through a cryptocurrency exchange platform. As the name suggests, these allow you to buy and sell cryptocurrencies using fiat money or other digital currencies.
To buy Bitcoins on an exchange platform, you will need to open an account on the platform. In addition, you may need to go through know-your-customer (KYC) and anti-money laundering (AML) procedures. These are basic background checks to let the crypto exchange know that you are who you say you are. Generally, it involves sending your official ID and proof of address.
If you plan to buy a significant amount of Bitcoin, it is best to move your funds to an offline wallet or hardware that does not belong to the exchange platforms.
How to store your Bitcoin?
Just like with your bank account or physical wallet, you need a place to store your Bitcoin after you buy it. It is stored in digital wallets, a type of software that connects to the Bitcoin network. Just as bank cards have account numbers, digital wallets have a unique address that is shared with others when you make transactions.
In addition, there are different types of wallets to store your Bitcoins, each offering its own advantages and disadvantages.
There are basically two main categories: Hot or active wallets: these wallets are connected to the Internet and are usually available online or on your smartphone.
Cold Wallets: these types of wallets are not accessible via the Internet. It may involve physical devices (such as a USB stick), where Bitcoin and other cryptocurrencies are stored securely offline.
How to sell Bitcoin?
Similar to buying Bitcoin, there are several options when it comes to selling them.
You can buy Bitcoin directly from cryptocurrency exchange platforms, Bitcoin ATMs, P2P marketplaces or traditional brokers. Likewise, you can also sell the cryptocurrency through any of these channels, with the exception of some Bitcoin ATMs.
You can sell your Bitcoin, on the exchange platform or broker where it was purchased, by placing a sell order. As the name suggests, a sell order is an instruction to a broker (cryptocurrency exchange platform) to sell an asset at a given price.
Bitcoin can also be exchanged or swapped for other cryptocurrencies or stable coins, such as Ether or Tether (respectively). This is useful if you want to profit from your Bitcoin investment or prevent the value of your portfolio from decreasing.
#BinanceTournament #Bitcoin #Payments #Education #APfinanciero
So you've learned the basics of Bitcoin, you're excited about its potential and you want to buy it. But how?
One easy option for buying Bitcoins is through a cryptocurrency exchange platform. As the name suggests, these allow you to buy and sell cryptocurrencies using fiat money or other digital currencies.
To buy Bitcoins on an exchange platform, you will need to open an account on the platform. In addition, you may need to go through know-your-customer (KYC) and anti-money laundering (AML) procedures. These are basic background checks to let the crypto exchange know that you are who you say you are. Generally, it involves sending your official ID and proof of address.
If you plan to buy a significant amount of Bitcoin, it is best to move your funds to an offline wallet or hardware that does not belong to the exchange platforms.
How to store your Bitcoin?
Just like with your bank account or physical wallet, you need a place to store your Bitcoin after you buy it. It is stored in digital wallets, a type of software that connects to the Bitcoin network. Just as bank cards have account numbers, digital wallets have a unique address that is shared with others when you make transactions.
In addition, there are different types of wallets to store your Bitcoins, each offering its own advantages and disadvantages.
There are basically two main categories: Hot or active wallets: these wallets are connected to the Internet and are usually available online or on your smartphone.
Cold Wallets: these types of wallets are not accessible via the Internet. It may involve physical devices (such as a USB stick), where Bitcoin and other cryptocurrencies are stored securely offline.
How to sell Bitcoin?
Similar to buying Bitcoin, there are several options when it comes to selling them.
You can buy Bitcoin directly from cryptocurrency exchange platforms, Bitcoin ATMs, P2P marketplaces or traditional brokers. Likewise, you can also sell the cryptocurrency through any of these channels, with the exception of some Bitcoin ATMs.
You can sell your Bitcoin, on the exchange platform or broker where it was purchased, by placing a sell order. As the name suggests, a sell order is an instruction to a broker (cryptocurrency exchange platform) to sell an asset at a given price.
Bitcoin can also be exchanged or swapped for other cryptocurrencies or stable coins, such as Ether or Tether (respectively). This is useful if you want to profit from your Bitcoin investment or prevent the value of your portfolio from decreasing.
#BinanceTournament #Bitcoin #Payments #Education #APfinanciero
#Binance has launched a #Bitcoin transaction acceleration application from its #BinancePool service. With this application it will be possible to speed up the execution of a $BTC transaction stuck in the Bitcoin network.
This new feature was recently announced from Binance Argentina's Twitter account. With this new feature, Binance Pool will give priority to confirm bitcoin transactions that are requested and pay the requested fee. The service is focused on Binance customers.
#APfinanciero #News
This new feature was recently announced from Binance Argentina's Twitter account. With this new feature, Binance Pool will give priority to confirm bitcoin transactions that are requested and pay the requested fee. The service is focused on Binance customers.
#APfinanciero #News
World's largest asset manager to file for a #Bitcoin #ETF in the U.S.
In an unprecedented move, #BlackRock , the world's preeminent asset manager, is about to file a groundbreaking application for a Bitcoin exchange-traded fund (ETF) in the United States.
According to inside sources, BlackRock will collaborate with Coinbase, the leading cryptocurrency exchange, using its custody for the ETF and employing the platform's spot market data for pricing.
$BTC #APfinanciero
In an unprecedented move, #BlackRock , the world's preeminent asset manager, is about to file a groundbreaking application for a Bitcoin exchange-traded fund (ETF) in the United States.
According to inside sources, BlackRock will collaborate with Coinbase, the leading cryptocurrency exchange, using its custody for the ETF and employing the platform's spot market data for pricing.
$BTC #APfinanciero
ChatGPT IN BLOCKCHAIN
Blockchain-related use cases.
Dmitry Mishunin (CEO of smart contract review company, HashEx) believes ChatGPT will affect the security of smart contracts.
He said, "AI algorithms can become so entrenched in a niche that they simply won't allow smart contracts that haven't passed implementation verification."
He believes this will significantly reduce the number of attacks, which will have a positive effect on the entire industry.
Monica Oravcova (co-founder of cybersecurity firm, Naoris Protocol) said #AI would highlight vulnerabilities that need to be addressed in smart contracts. "AI is not a human being. It will lack the basic biases, insights and subtleties that only humans see. It is a tool that will ameliorate vulnerabilities that humans code incorrectly," he said.
ChatGPT is very versatile and more advanced users leverage its capabilities as an aid in coding trading bots and trading terminals and even with smart contracts. As the technology develops, it will become easier and easier to use and more people will be able to take advantage of it to learn about cryptos, and perhaps actively participate in building the space.
For industry in general it is useful in customer service automation processes. ChatGPT can make it easier for individuals and businesses to start using cryptocurrencies and blockchain technology, further increasing the adoption rate.
However, this technology is still at an early stage of development.
#OriginalContent #Binance #APfinanciero #chatgpt
Dmitry Mishunin (CEO of smart contract review company, HashEx) believes ChatGPT will affect the security of smart contracts.
He said, "AI algorithms can become so entrenched in a niche that they simply won't allow smart contracts that haven't passed implementation verification."
He believes this will significantly reduce the number of attacks, which will have a positive effect on the entire industry.
Monica Oravcova (co-founder of cybersecurity firm, Naoris Protocol) said #AI would highlight vulnerabilities that need to be addressed in smart contracts. "AI is not a human being. It will lack the basic biases, insights and subtleties that only humans see. It is a tool that will ameliorate vulnerabilities that humans code incorrectly," he said.
ChatGPT is very versatile and more advanced users leverage its capabilities as an aid in coding trading bots and trading terminals and even with smart contracts. As the technology develops, it will become easier and easier to use and more people will be able to take advantage of it to learn about cryptos, and perhaps actively participate in building the space.
For industry in general it is useful in customer service automation processes. ChatGPT can make it easier for individuals and businesses to start using cryptocurrencies and blockchain technology, further increasing the adoption rate.
However, this technology is still at an early stage of development.
#OriginalContent #Binance #APfinanciero #chatgpt
#Bank stocks fall worse after Fed announcement and #PacWest Bank crisis
In light of the #FED rate hike and the possible sale of PacWest Bank, shares of the main banks listed in the United States fell.
#APfinanciero #feedfeverchallenge
In light of the #FED rate hike and the possible sale of PacWest Bank, shares of the main banks listed in the United States fell.
#APfinanciero #feedfeverchallenge
Data management in terms of speed, scalability and transparency.
Ripple's #CBDC platform, built with these capabilities, will be tested in a controlled environment without compromising public resources.
This project will run until the end of 2023 under the guidance of #MinTIC 's Digital Government Directorate. The objective of this experimentation phase is to educate national and territorial public entities on blockchain technology. This will be done through interactive and collaborative real-world experimentations to show how blockchain technology can revolutionize payment systems.
#Ripple #crypto #APfinanciero $XRP
Ripple's #CBDC platform, built with these capabilities, will be tested in a controlled environment without compromising public resources.
This project will run until the end of 2023 under the guidance of #MinTIC 's Digital Government Directorate. The objective of this experimentation phase is to educate national and territorial public entities on blockchain technology. This will be done through interactive and collaborative real-world experimentations to show how blockchain technology can revolutionize payment systems.
#Ripple #crypto #APfinanciero $XRP
ChatGPT IN CRYPTO
ChatGPT use cases in the crypto space.
As discussed above, the biggest advantage of ChatGPT is its ease of use and its ability to provide human-like responses to a wide variety of topics and questions. In the crypto space, the biggest benefit is that it can be used to answer questions about how to use cryptocurrencies and the technology behind it.
Newcomers to the space are often put off by what are certainly some pretty complicated concepts.
Think of beginners trying to learn about "proof of work," "Bitcoin mining," or hashing, for example.
Of course, the Internet covers as much material as possible in an effort to help people learn about cryptos. But, ChatGPT has the advantage of being able to help clarify concepts in an interactive and conversational manner.
Users can also continue to ask it questions until they feel they have fully understood any topic that interests them and is related to cryptocurrencies. The AI chatbot can also be useful for smart contract developers.
Isaac Py, developer of ChatGPT, says: "Combining smart contracts with AI can enable more complex and dynamic contractual interactions. For example, smart contracts + AI can be used to automatically apply payment terms or release funds based on the fulfillment of certain conditions."
The developer added that an AI system could evaluate the potential risks and benefits of a contract; as well as suggest changes to optimize it.
In addition, "Smart contracts and artificial intelligence can also enable the creation of self-executing contracts that do not require human intervention." In other words, ChatGPT could contribute to the development of a Decentralized Autonomous Organization (DAO), an organizational structure in which control is not in the hands of a single person or company.
DAOs use smart contracts on a blockchain and participants use governance tokens to vote on proposed actions. These decentralized organizations can operate without the need for centralized power or strategic planning, allowing them to make decisions and execute activities based on their smart contracts.
In this sense, ChatGPT can help establish transparency and trust within the organization by creating and managing smart contracts, as the fixed rules of these contracts control all actions performed by the DAO.
If you want to experience AI, Binance has just launched #Bicasso, where thanks to Artificial Intelligence you can create images, and this will help you get a taste of the amazing world that is coming and the countless opportunities it brings.
#OriginalContent #Binance #APfinanciero #chatgpt #AI
As discussed above, the biggest advantage of ChatGPT is its ease of use and its ability to provide human-like responses to a wide variety of topics and questions. In the crypto space, the biggest benefit is that it can be used to answer questions about how to use cryptocurrencies and the technology behind it.
Newcomers to the space are often put off by what are certainly some pretty complicated concepts.
Think of beginners trying to learn about "proof of work," "Bitcoin mining," or hashing, for example.
Of course, the Internet covers as much material as possible in an effort to help people learn about cryptos. But, ChatGPT has the advantage of being able to help clarify concepts in an interactive and conversational manner.
Users can also continue to ask it questions until they feel they have fully understood any topic that interests them and is related to cryptocurrencies. The AI chatbot can also be useful for smart contract developers.
Isaac Py, developer of ChatGPT, says: "Combining smart contracts with AI can enable more complex and dynamic contractual interactions. For example, smart contracts + AI can be used to automatically apply payment terms or release funds based on the fulfillment of certain conditions."
The developer added that an AI system could evaluate the potential risks and benefits of a contract; as well as suggest changes to optimize it.
In addition, "Smart contracts and artificial intelligence can also enable the creation of self-executing contracts that do not require human intervention." In other words, ChatGPT could contribute to the development of a Decentralized Autonomous Organization (DAO), an organizational structure in which control is not in the hands of a single person or company.
DAOs use smart contracts on a blockchain and participants use governance tokens to vote on proposed actions. These decentralized organizations can operate without the need for centralized power or strategic planning, allowing them to make decisions and execute activities based on their smart contracts.
In this sense, ChatGPT can help establish transparency and trust within the organization by creating and managing smart contracts, as the fixed rules of these contracts control all actions performed by the DAO.
If you want to experience AI, Binance has just launched #Bicasso, where thanks to Artificial Intelligence you can create images, and this will help you get a taste of the amazing world that is coming and the countless opportunities it brings.
#OriginalContent #Binance #APfinanciero #chatgpt #AI
#BinancePool can now accelerate #bitcoin transactions.
We do detail Binance Pool's $BTC transaction accelerator tool, you just need your transaction ID to check how much it would cost to use. To get the transaction ID, check a blockchain browser with your transfer data. According to the site, the cost varies depending on the size of the transaction in virtual bytes, how congested the Bitcoin network is when using it, among other factors.
To use the tool you must be a Binance customer to coordinate the payment. If they are a regular user, you have to communicate with the Telegram account indicated on the page. If they are VIP users of the platform, you just have to contact their business advisor.
#Binance #APfinanciero
We do detail Binance Pool's $BTC transaction accelerator tool, you just need your transaction ID to check how much it would cost to use. To get the transaction ID, check a blockchain browser with your transfer data. According to the site, the cost varies depending on the size of the transaction in virtual bytes, how congested the Bitcoin network is when using it, among other factors.
To use the tool you must be a Binance customer to coordinate the payment. If they are a regular user, you have to communicate with the Telegram account indicated on the page. If they are VIP users of the platform, you just have to contact their business advisor.
#Binance #APfinanciero
New York prosecutor gets #CoinEx shut down and $1.7 million refunded
CoinEX forced to shut down and pay ,7 million. The New York Attorney General intends to use this case as an example for crypto companies to follow.
#APfinanciero #News
CoinEX forced to shut down and pay ,7 million. The New York Attorney General intends to use this case as an example for crypto companies to follow.
#APfinanciero #News
FMI and CBDCs
#FMI to create global platform to ensure #CBDC interoperability
The International Monetary Fund (FMI) is working on the development of a platform capable of enabling interoperability in the transaction of central bank digital currencies (CBDC) between different countries.
The information arises from the visit made to Morocco by the head of the organization, Kristalina Georgieva, to participate in a "High Level Policy Roundtable on Central Bank Digital Currencies". The development comes to confirm an incipient trend: while cryptocurrencies have suffered severe repressions in this time, CBDCs have had a better welcome.
The FMI is working on a global CBDC platform.
From the perspective put forward by the FMI in Morocco, CBDCs should not be developed behind the doors of each country pushing them. That is where it is understood that some kind of instability may arise, especially when the system is put to the test in transactions between different countries. That is why the organization considers it important and has already started working on the development of a platform that provides security for this type of operations.
Kristalina Georgieva specified this with marked clarity in her speech.
"CBDCs should not be fragmented national proposals. To have more efficient and fairer transactions, we need systems that connect countries: we need interoperability."
This is not the FMI's first favorable nod to CBDCs. In fact, the organization has already announced that it is preparing an information manual for the development of this type of instrument. The instructive tool should be ready within a maximum of 5 years.
When the agency informed about this initiative, it warned that a bad development may lead to serious inconveniences when it comes to enabling the operation of a CBDC. It also emphasized something that it now points out again: it is considered indispensable to move forward as a block, with common rules, and not with parallel regulations.
"The IMF wants central banks to agree on a regulatory framework that allows global interoperability. Failure to agree on a usual platform would create a vacuum that would likely be filled by cryptocurrencies."
Speaking about the development, Georgieva has mentioned that there are 114 central banks around the world, which are going through some of the stages of exploring CBDCs. According to the IMF chief, 10 of them are already in the final stages.
Chronology: Race for the Future of Money
Different stages of CBDC development in the 114 countries mentioned by the IMF. Source: Atlantic Council.
The FMI's positive assessments of CBDCs
Statements made by Kristalina Georgieva regarding the FMI's positive assessments of CBDCs highlight several aspects.
These instruments could help increase financial inclusion. They are seen as bridging access to more people, to financial services and at a lower cost.
Such a currency could also strengthen the resilience and efficiency of payment systems. It could make cross-border payments and remittances cheaper and faster.
Finally, they could reduce the number of intermediaries in cross-border payments. In addition, the IMF sees CBDCs as an opportunity to foster competition and improve transparency.
The international financial organization has repeatedly praised this type of currency. Georgieva has highlighted that it is these characteristics that drive the IMF's mandate in terms of promoting digital money.
"These are important considerations for the IMF, as we have a mandate to help ensure that digital money, including CBDCs, promotes domestic and international economic and financial stability."
The agency clarifies, almost in the face of every positive comment, that if CBDCs are poorly designed, they could exert the opposite effect they intend. It mentions as possible problems those related to financial stability, data privacy and legal challenges, financial integrity and cyber risks.
The list concludes with central bank operational risks.
#BinanceTournament #APfinanciero #crypto
The International Monetary Fund (FMI) is working on the development of a platform capable of enabling interoperability in the transaction of central bank digital currencies (CBDC) between different countries.
The information arises from the visit made to Morocco by the head of the organization, Kristalina Georgieva, to participate in a "High Level Policy Roundtable on Central Bank Digital Currencies". The development comes to confirm an incipient trend: while cryptocurrencies have suffered severe repressions in this time, CBDCs have had a better welcome.
The FMI is working on a global CBDC platform.
From the perspective put forward by the FMI in Morocco, CBDCs should not be developed behind the doors of each country pushing them. That is where it is understood that some kind of instability may arise, especially when the system is put to the test in transactions between different countries. That is why the organization considers it important and has already started working on the development of a platform that provides security for this type of operations.
Kristalina Georgieva specified this with marked clarity in her speech.
"CBDCs should not be fragmented national proposals. To have more efficient and fairer transactions, we need systems that connect countries: we need interoperability."
This is not the FMI's first favorable nod to CBDCs. In fact, the organization has already announced that it is preparing an information manual for the development of this type of instrument. The instructive tool should be ready within a maximum of 5 years.
When the agency informed about this initiative, it warned that a bad development may lead to serious inconveniences when it comes to enabling the operation of a CBDC. It also emphasized something that it now points out again: it is considered indispensable to move forward as a block, with common rules, and not with parallel regulations.
"The IMF wants central banks to agree on a regulatory framework that allows global interoperability. Failure to agree on a usual platform would create a vacuum that would likely be filled by cryptocurrencies."
Speaking about the development, Georgieva has mentioned that there are 114 central banks around the world, which are going through some of the stages of exploring CBDCs. According to the IMF chief, 10 of them are already in the final stages.
Chronology: Race for the Future of Money
Different stages of CBDC development in the 114 countries mentioned by the IMF. Source: Atlantic Council.
The FMI's positive assessments of CBDCs
Statements made by Kristalina Georgieva regarding the FMI's positive assessments of CBDCs highlight several aspects.
These instruments could help increase financial inclusion. They are seen as bridging access to more people, to financial services and at a lower cost.
Such a currency could also strengthen the resilience and efficiency of payment systems. It could make cross-border payments and remittances cheaper and faster.
Finally, they could reduce the number of intermediaries in cross-border payments. In addition, the IMF sees CBDCs as an opportunity to foster competition and improve transparency.
The international financial organization has repeatedly praised this type of currency. Georgieva has highlighted that it is these characteristics that drive the IMF's mandate in terms of promoting digital money.
"These are important considerations for the IMF, as we have a mandate to help ensure that digital money, including CBDCs, promotes domestic and international economic and financial stability."
The agency clarifies, almost in the face of every positive comment, that if CBDCs are poorly designed, they could exert the opposite effect they intend. It mentions as possible problems those related to financial stability, data privacy and legal challenges, financial integrity and cyber risks.
The list concludes with central bank operational risks.
#BinanceTournament #APfinanciero #crypto
European Central Bank raises interest rate and expects higher inflation
The #ECB has confirmed a new interest rate hike, this time in the order of 0.25 percentage points. With this announcement, the bank has given shape to its eighth consecutive rate hike.
The main reason given for this decision is the high #inflation prevailing in the current context and the foreboding of a scenario of little calm in terms of price increases.
#APfinanciero #News
The #ECB has confirmed a new interest rate hike, this time in the order of 0.25 percentage points. With this announcement, the bank has given shape to its eighth consecutive rate hike.
The main reason given for this decision is the high #inflation prevailing in the current context and the foreboding of a scenario of little calm in terms of price increases.
#APfinanciero #News
ADVANTAGES & DISADVANTAGES
The advantages of ChatGPT
⭐️ ChatGPT is easy to use and can generate human-like responses quickly and free of charge.
⭐️ ChatGPT can generate text in response to almost any message. It was configured to work with a wide range of topics.
For example, developers have used it to help debug code, creatives have used it to help write stories or song lyrics, and students to help them understand complex concepts.
⭐️ The existence of ChatGPT can save time and money. Tasks that would otherwise require significant human effort, such as answering customers' frequently asked questions, could be handled by ChatGPT, freeing up staff to focus on more complex tasks.
⭐️ ChatGPT can be used to trade cryptocurrencies, create basic trading bots and trading terminals.
⭐️ ChatGPT can provide analysis on the efficiency of a cryptocurrency and help make decisive trades or transactions based on investment objectives, portfolio and risk profile.
⭐️La information provided by ChatGPT can help to make a more informed decision before investing in a cryptocurrency.
Disadvantages of ChatGPT
Although ChatGPT is extremely impressive, users should be aware that there are a number of drawbacks.
🔻Limited understanding and lack of common sense.
🔻Can generate misleading or incorrect information.
🔻Responses are based on probability distributions of training data, and these data may contain biases.
🔻Accuracy is limited to your training data and, in this case have a knowledge limit of 2021.
🔻Security and privacy concerns, as developers use the information shared with ChatGPT to improve the product, but it is unclear who can access it.
Considering the above, users should not become too dependent on ChatGPT and should always maintain critical thinking.
#OriginalContent #Binance #chatgpt #AI #APfinanciero
⭐️ ChatGPT is easy to use and can generate human-like responses quickly and free of charge.
⭐️ ChatGPT can generate text in response to almost any message. It was configured to work with a wide range of topics.
For example, developers have used it to help debug code, creatives have used it to help write stories or song lyrics, and students to help them understand complex concepts.
⭐️ The existence of ChatGPT can save time and money. Tasks that would otherwise require significant human effort, such as answering customers' frequently asked questions, could be handled by ChatGPT, freeing up staff to focus on more complex tasks.
⭐️ ChatGPT can be used to trade cryptocurrencies, create basic trading bots and trading terminals.
⭐️ ChatGPT can provide analysis on the efficiency of a cryptocurrency and help make decisive trades or transactions based on investment objectives, portfolio and risk profile.
⭐️La information provided by ChatGPT can help to make a more informed decision before investing in a cryptocurrency.
Disadvantages of ChatGPT
Although ChatGPT is extremely impressive, users should be aware that there are a number of drawbacks.
🔻Limited understanding and lack of common sense.
🔻Can generate misleading or incorrect information.
🔻Responses are based on probability distributions of training data, and these data may contain biases.
🔻Accuracy is limited to your training data and, in this case have a knowledge limit of 2021.
🔻Security and privacy concerns, as developers use the information shared with ChatGPT to improve the product, but it is unclear who can access it.
Considering the above, users should not become too dependent on ChatGPT and should always maintain critical thinking.
#OriginalContent #Binance #chatgpt #AI #APfinanciero
CRYPTO IMPACT
Cryptocurrencies have had a significant impact on people's lives since their inception in 2009. While they have the potential to revolutionize the way we transact and interact with money, there are also downsides to their adoption. Here are three advantages and three disadvantages of cryptocurrencies:
Advantages:
Decentralization: Cryptocurrencies operate on a decentralized network, which means they are not controlled by any government or financial institution. This gives users more control over their money, as they can transact directly with each other without the need for intermediaries.
Low transaction fees: Cryptocurrencies typically have lower transaction fees than traditional financial systems, which can make them a more affordable option for transferring money.
Accessibility: Cryptocurrencies have opened up financial opportunities for people who previously had limited access to traditional banking systems. This is particularly important in developing countries, where cryptocurrencies have enabled people to access financial services and participate in global markets.
Disadvantages:
Volatility: Cryptocurrencies are highly volatile and subject to rapid price fluctuations. This makes them a risky investment and can lead to significant losses for those who do not understand the market.
Lack of regulation: Cryptocurrencies operate in a largely unregulated environment, which has led to concerns around fraud and illegal activities. This also means that investors have limited protection against fraudulent activities, as there is no central authority to regulate the market.
Security risks: Cryptocurrency exchanges and wallets are vulnerable to security breaches, which can result in the loss of user funds. This risk has led to increased adoption of secure storage solutions, such as cold wallets, to minimize the risk of theft.
Despite these challenges, the potential benefits of cryptocurrencies cannot be ignored. As the market matures and becomes more regulated, it is likely that these challenges will be addressed, making cryptocurrencies a more mainstream financial option.
By offering a secure, easy-to-use platform and educational resources, Binance is helping to build a bridge between traditional financial systems and the world of cryptocurrencies. This makes it easier for individuals to access the financial opportunities presented by cryptocurrencies, while ensuring they are informed about the risks and challenges associated with this new asset class.
While there are challenges associated with the adoption of cryptocurrencies, Binance is playing an important role in addressing these challenges and making cryptocurrencies more accessible to people around the world. Through its exchange platform and educational resources, Binance is helping to build a more inclusive and transparent financial system that benefits everyone.
In conclusion, cryptocurrencies have had a significant impact on people's lives, providing new financial opportunities and challenging traditional financial systems. While there are challenges to their adoption, such as volatility and security risks, the potential benefits of decentralized currency cannot be ignored. As the market continues to evolve, it is essential for individuals to educate themselves on the risks and opportunities presented by cryptocurrencies.
#Binance #feedfeverchallenge #dyor #APfinanciero
Advantages:
Decentralization: Cryptocurrencies operate on a decentralized network, which means they are not controlled by any government or financial institution. This gives users more control over their money, as they can transact directly with each other without the need for intermediaries.
Low transaction fees: Cryptocurrencies typically have lower transaction fees than traditional financial systems, which can make them a more affordable option for transferring money.
Accessibility: Cryptocurrencies have opened up financial opportunities for people who previously had limited access to traditional banking systems. This is particularly important in developing countries, where cryptocurrencies have enabled people to access financial services and participate in global markets.
Disadvantages:
Volatility: Cryptocurrencies are highly volatile and subject to rapid price fluctuations. This makes them a risky investment and can lead to significant losses for those who do not understand the market.
Lack of regulation: Cryptocurrencies operate in a largely unregulated environment, which has led to concerns around fraud and illegal activities. This also means that investors have limited protection against fraudulent activities, as there is no central authority to regulate the market.
Security risks: Cryptocurrency exchanges and wallets are vulnerable to security breaches, which can result in the loss of user funds. This risk has led to increased adoption of secure storage solutions, such as cold wallets, to minimize the risk of theft.
Despite these challenges, the potential benefits of cryptocurrencies cannot be ignored. As the market matures and becomes more regulated, it is likely that these challenges will be addressed, making cryptocurrencies a more mainstream financial option.
By offering a secure, easy-to-use platform and educational resources, Binance is helping to build a bridge between traditional financial systems and the world of cryptocurrencies. This makes it easier for individuals to access the financial opportunities presented by cryptocurrencies, while ensuring they are informed about the risks and challenges associated with this new asset class.
While there are challenges associated with the adoption of cryptocurrencies, Binance is playing an important role in addressing these challenges and making cryptocurrencies more accessible to people around the world. Through its exchange platform and educational resources, Binance is helping to build a more inclusive and transparent financial system that benefits everyone.
In conclusion, cryptocurrencies have had a significant impact on people's lives, providing new financial opportunities and challenging traditional financial systems. While there are challenges to their adoption, such as volatility and security risks, the potential benefits of decentralized currency cannot be ignored. As the market continues to evolve, it is essential for individuals to educate themselves on the risks and opportunities presented by cryptocurrencies.
#Binance #feedfeverchallenge #dyor #APfinanciero
While the #regulatory authority in #Europe has not only increased the interest rate, but also imagines future hikes, in the United States a diametrically opposite scenario is registered. After 10 consecutive months of rate hikes, the #FED is ending the interest rate hike (even with the consideration of possible additional increases this year). A decision that also had an effect on the #cryptocurrency market.
Christine Lagarde, on the other hand, has been blunt about the near future of the Eurozone in terms of efforts to control inflation. The French economist has offered a press conference to detail the plan that the organization she heads has.
#APfinanciero
Christine Lagarde, on the other hand, has been blunt about the near future of the Eurozone in terms of efforts to control inflation. The French economist has offered a press conference to detail the plan that the organization she heads has.
#APfinanciero
WHAT IS ChatGPT?
Introduction: ChatGPT is a language model that can generate human-like text responses after several prompts.
In just 2 months it reached 100 million users. One analyst wrote: "In the 20 years since the creation of the Internet space, we cannot recall a faster ramp in a consumer Internet application."
What is ChatGPT?
In basic terms, ChatGPT is an artificial intelligence (AI) chatbot. Users can type in any question, text or prompt, and ChatGPT will generate text in response. The result is close to the experience of instant messaging with a real person. In OpenAI's own words, the goal of ChatGPT is to provide information in a conversational manner.
How does ChatGPT work?
ChatGPT uses a deep neural network trained on a large amount of text data. A neural network is a computer system that uses the structure and function of the human brain as a model. It consists of a series of interconnected nodes or artificial neurons that can make decisions based on the information processed.
During training, ChatGPT was given countless examples of input-output pairs, allowing it to learn the relationships between language inputs and outputs.
Material was taken from a wide range of Internet texts, such as websites, books and social networks. The developers also selected and filtered the data to ensure its quality.
When an input prompt is given, ChatGPT uses its training to generate probabilities related to all possible responses. Based on its data, training and proprietary neural network, the response with the highest probability is selected as output.
#OriginalContent #APfinanciero #Binance
In just 2 months it reached 100 million users. One analyst wrote: "In the 20 years since the creation of the Internet space, we cannot recall a faster ramp in a consumer Internet application."
What is ChatGPT?
In basic terms, ChatGPT is an artificial intelligence (AI) chatbot. Users can type in any question, text or prompt, and ChatGPT will generate text in response. The result is close to the experience of instant messaging with a real person. In OpenAI's own words, the goal of ChatGPT is to provide information in a conversational manner.
How does ChatGPT work?
ChatGPT uses a deep neural network trained on a large amount of text data. A neural network is a computer system that uses the structure and function of the human brain as a model. It consists of a series of interconnected nodes or artificial neurons that can make decisions based on the information processed.
During training, ChatGPT was given countless examples of input-output pairs, allowing it to learn the relationships between language inputs and outputs.
Material was taken from a wide range of Internet texts, such as websites, books and social networks. The developers also selected and filtered the data to ensure its quality.
When an input prompt is given, ChatGPT uses its training to generate probabilities related to all possible responses. Based on its data, training and proprietary neural network, the response with the highest probability is selected as output.
#OriginalContent #APfinanciero #Binance
FUTURES
Futures are derivative contracts to buy or sell an asset at a future date at an agreed price. That asset can be soybeans, coffee, oil, individual stocks, exchange-traded funds, cryptocurrencies or others.
Oil, for example, is a commodity that can be traded in futures contracts. Investors can also trade S&P 500 futures contracts, an example of investing in stock futures.
In typical futures contracts, one party agrees to purchase a specified amount of securities or commodity and take delivery on a specified date. The selling party agrees to provide.
Futures contracts allow players to lock in a specific price and protect against the possibility of abrupt price changes (up or down) in the future.
To illustrate how futures work, we will take jet fuel as an example:
An airline wishing to lock in jet fuel prices and avoid an unexpected increase could buy a futures contract.
A fuel distributor can sell a futures contract to ensure a stable market for fuel and to protect against an unexpected drop in prices.
Both parties agree to specific terms: Buy (or sell) 1 million gallons of fuel, delivering it in 90 days, at a price of $3 per gallon.
In this example, both parties are hedgers, real companies that need to trade the underlying commodity because it is the basis of their business. They use the futures market to manage their exposure to the risk of price changes.
Another part of the market are futures investors or speculators who seek to make money from price changes in the contract itself.
If the price of jet fuel goes up, the futures contract itself becomes more valuable and the owner of that contract could sell it for more in the futures market.
These types of traders can buy and sell the futures contract with no intention of receiving the underlying commodity. They are only in the market to bet on price movements.
With speculators, investors, hedgers and others buying and selling daily, there is a lively and relatively liquid market for these contracts.
However, futures carry risk: a 5% change in prices can cause a leveraged 10:1 investor to gain or lose 50% of his investment.
This volatility means that speculators need discipline to avoid overexposing themselves to any undue risk when investing in futures.
In summary, futures trading is an exciting and lucrative way to participate in the financial markets. With the Binance platform, you can access a wide variety of futures for cryptocurrencies and other assets. If you are new to this world, don't worry, Binance offers tools and resources to help you learn and improve your skills.
Through the platform, you can experiment with different trading strategies and techniques without having to invest large sums of money. Additionally, Binance has a customer support team available 24/7 to assist you at all times.
So, if you're interested in learning about futures trading and getting started in the financial markets, we invite you to join the Binance platform and start your futures trading adventure. Don't wait any longer and start exploring your options today!
#OriginalContent #Binance #APfinanciero
Oil, for example, is a commodity that can be traded in futures contracts. Investors can also trade S&P 500 futures contracts, an example of investing in stock futures.
In typical futures contracts, one party agrees to purchase a specified amount of securities or commodity and take delivery on a specified date. The selling party agrees to provide.
Futures contracts allow players to lock in a specific price and protect against the possibility of abrupt price changes (up or down) in the future.
To illustrate how futures work, we will take jet fuel as an example:
An airline wishing to lock in jet fuel prices and avoid an unexpected increase could buy a futures contract.
A fuel distributor can sell a futures contract to ensure a stable market for fuel and to protect against an unexpected drop in prices.
Both parties agree to specific terms: Buy (or sell) 1 million gallons of fuel, delivering it in 90 days, at a price of $3 per gallon.
In this example, both parties are hedgers, real companies that need to trade the underlying commodity because it is the basis of their business. They use the futures market to manage their exposure to the risk of price changes.
Another part of the market are futures investors or speculators who seek to make money from price changes in the contract itself.
If the price of jet fuel goes up, the futures contract itself becomes more valuable and the owner of that contract could sell it for more in the futures market.
These types of traders can buy and sell the futures contract with no intention of receiving the underlying commodity. They are only in the market to bet on price movements.
With speculators, investors, hedgers and others buying and selling daily, there is a lively and relatively liquid market for these contracts.
However, futures carry risk: a 5% change in prices can cause a leveraged 10:1 investor to gain or lose 50% of his investment.
This volatility means that speculators need discipline to avoid overexposing themselves to any undue risk when investing in futures.
In summary, futures trading is an exciting and lucrative way to participate in the financial markets. With the Binance platform, you can access a wide variety of futures for cryptocurrencies and other assets. If you are new to this world, don't worry, Binance offers tools and resources to help you learn and improve your skills.
Through the platform, you can experiment with different trading strategies and techniques without having to invest large sums of money. Additionally, Binance has a customer support team available 24/7 to assist you at all times.
So, if you're interested in learning about futures trading and getting started in the financial markets, we invite you to join the Binance platform and start your futures trading adventure. Don't wait any longer and start exploring your options today!
#OriginalContent #Binance #APfinanciero
