Row 26655

Row ID: 26655 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 26655 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

I decided to sit down and learn about Bitcoin a few weeks ago.

I'll provide my insight for those interested.

My stats would be around 850k net worth. Around 35 years old.I'm an above average saver, and as of 3 years ago I became an above average earner. I have a technology background. I grew up in a trailer house.

I would say anytime I talk to regular people about investing they just don't grasp investing. Most of the older generations have been , or heard the story of someone who invested and lost it all. They don't put effort into understanding/learning about investing. They don't want to take responsibility.

Most people who are into investing, and by that the average to slightly above average earner. So less than 200k/year. Will be cautious of Bitcoin, because it's new. They really haven't put effort into researching it.

That being said, if I use my opinion on it pre research. I would say I started my research with a goal of putting 5 percent of my net worth into Bitcoin.

Just like investing in anything, it's risky. I just want to retire and stop working because I'm so burnt out and miserable.

I just wanted to learn enough about it so I could at least understand how to keep it safe. There are no big name institutions (exchanges) like vanguard to just buy and hold on.

I would say the biggest thing I've learned about it, that should get most people interested (the ones that know about investing) is the fact that like 97% of all Bitcoin has been mined.

That being said, even though I have a technology background I'm uneasy about the idea of a wallet that I'm responsible for. What if my house burns down? What unforseen thing could cause me to lose the wallet somehow? I don't want to be responsible for a wallet, With a high percentage of my net worth.

I'll end all this with saying that many people in here know little of wealth building, I hope Bitcoin gets them interested in it, but all this talk of taking loans to essentially let them invest.

FieldValue
text I decided to sit down and learn about Bitcoin a few weeks ago. I'll provide my insight for those interested. My stats would be around 850k net worth. Around 35 years old.I'm an above average saver, and as of 3 years ago I became an above average earner. I have a technology background. I grew up in a trailer house. I would say anytime I talk to regular people about investing they just don't grasp investing. Most of the older generations have been , or heard the story of someone who invested …
label r/bitcoin
dataType comment
communityName r/Bitcoin
datetime 2024-05-21
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url_encoded Z0FBQUFBQm5Lak9TUEtrRFR5dTFWdnRicEpwbkwzWGZEdkh2NW5nMTZSMGFJRVJqcEIxazhZUXZhckpmei1KZnY2aVM4cUxxWXRKWlZuaVI1XzRldEJHSU11R3FlN3hsSXZaN2dKVS1CRnB5VzJsUGlPVV9QbmZEOHBCOW5BUnZOa2lDWF9OdE9BWDIwQ2IzVXJKLTZKOHFIX09sbVFmVGZXenBFVFNHVFN2VndiSGNpZjBaUTNhazFzclBrVHltajNMMEtpQnc4bVdERVRLdng1MUhmLTZpeVY4U0VsRlYydz09

Raw Record

{
  "text": "I decided to sit down and learn about Bitcoin a few weeks ago.\n\nI'll provide my insight for those interested.\n\n\nMy stats would be around 850k net worth. Around 35 years old.I'm an above average saver, and as of 3 years ago I became an above average earner. I have a technology background. I grew up in a trailer house.\n\n\nI would say anytime I talk to regular people about investing they just don't grasp investing. Most of the older generations have been , or heard the story of someone who invested and lost it all.  They don't put effort into understanding/learning about investing. They don't want to take responsibility.\n\n\nMost people who are into investing, and by that the average to slightly above average earner. So less than 200k/year. Will be cautious of Bitcoin, because it's new. They really haven't put effort into researching it. \n\nThat being said, if I use my opinion on it pre research. I would say I started my research with a goal of putting 5 percent of my net worth into Bitcoin. \n\n\nJust like investing in anything, it's risky. I just want to retire and stop working because I'm so burnt out and miserable.  \n\n\nI just wanted to learn enough about it so I could at least understand how to keep it safe. There are no big name institutions (exchanges) like vanguard to just buy and hold on.\n\n\nI would say the biggest thing I've learned about it, that should get most people interested (the ones that know about investing) is the fact that like 97% of all Bitcoin has been mined.\n\n\nThat being said, even though I have a technology background I'm uneasy about the idea of a wallet that I'm responsible for. What if my house burns down? What unforseen thing could cause me to lose the wallet somehow? I don't want to be responsible for a wallet, With a high percentage of my net worth.\n\n\nI'll end all this with saying that many people in here know little of wealth building, I hope Bitcoin gets them interested in it, but all this talk of taking loans to essentially let them invest.",
  "label": "r/bitcoin",
  "dataType": "comment",
  "communityName": "r/Bitcoin",
  "datetime": "2024-05-21",
  "username_encoded": "Z0FBQUFBQm5Lak1ENFJwdGFoZGlLZjhwUzg3MF9RY2N5Ty16Y25qWlhLWXNKRmpnRy1Pcm9QcS1LVjlaMnppQ1B4Q1U5U1JTOTVqTVlXOHhRX3NyT1hYMENiNHRoZmNiRXc9PQ==",
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}
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