Row 27505

Row ID: 27505 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 27505 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

Buffet doesn’t seem to like investing in things that he doesn’t believe in. Or things that don’t have some sort of guarantees built in for him. I get that and I do the same, even if I’m fairly certain I may miss out on some profit.

Some stocks have meme potential, but if they don’t have a good business model, don’t make money, and don’t seem like they will then I avoid them.

As far as BTC, I’ve been open about it but not one person over the years was able to convince me. I ask simple questions of what problems does it solve. I get some answers but ones that are easily countered or only work until you scale up its usage and it fails. I understand lightning network is here but it doesn’t seem to have been adopted like everyone said it would.

In the end the conversation always falls to the same “well it’s useful if you live in some third world country that’s crashing”.

If I don’t personally get something, I look for people who do. True believers either don’t seem to get it either or greatly exaggerate how popular it’s going to get. The one person I know who is an expert in crypto and has been since the start may have made good money, but they also been wrong a lot. I thought that person would be able to convince me, but every conversation shows that he refuses to think there ever could be a bad outcome. During a conversation about it he told me that banks won’t be around in 5 years. This was like 10-12 years ago. When I asked what if crypto fails to do that I was met with “it won’t…it exists so hence it will succeed”. I tend to run away from that type of belief.

As far as becoming some worldwide global currency, crypto may be decentralized but you are not. We are all citizens of some government and governments are not going to like their currency being overtaken. They can simple ban it. Doesn’t necessarily mean you won’t be able to own it but its usage will be severely limited. You won’t be getting paid in it for work, you won’t be able to spend it as if it were normal currency. Always just a store that you have to hide.

FieldValue
text Buffet doesn’t seem to like investing in things that he doesn’t believe in. Or things that don’t have some sort of guarantees built in for him. I get that and I do the same, even if I’m fairly certain I may miss out on some profit. Some stocks have meme potential, but if they don’t have a good business model, don’t make money, and don’t seem like they will then I avoid them. As far as BTC, I’ve been open about it but not one person over the years was able to convince me. I ask simple question…
label r/investing
dataType comment
communityName r/investing
datetime 2024-05-21
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url_encoded Z0FBQUFBQm5Lak9UWXViVGFFN2JIYkRYcFJNY29Oc084eV9DUGpjOTRmUzZQMmpSMTY1aU9iUkFRcXVpZi0tWlVuR1ZSajc3WTBOYnA2ckVMZS1mX055eE5MTW1jd3ZfYVJMdHZ6ZGxCX0ttRDY3MVVTWlU4ME9sS053a2Jzd1llZ0xDSG84UlB5YUwxZGZQWndsRjl6SjR2WnhobW0xcGhBRVVPamREZUhuV25QVU1Ycy1maWFlM0dwbXJSbXlodklUTzJRa3lQajluNHBjNl9VNy1Yc1RnRHA2Sy00XzYxZz09

Raw Record

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  "text": "Buffet doesn’t seem to like investing in things that he doesn’t believe in. Or things that don’t have some sort of guarantees built in for him. I get that and I do the same, even if I’m fairly certain I may miss out on some profit. \n\nSome stocks have meme potential, but if they don’t have a good business model, don’t make money, and don’t seem like they will then I avoid them.\n\nAs far as BTC, I’ve been open about it but not one person over the years was able to convince me. I ask simple questions of what problems does it solve. I get some answers but ones that are easily countered or only work until you scale up its usage and it fails. I understand lightning network is here but it doesn’t seem to have been adopted like everyone said it would. \n\nIn the end the conversation always falls to the same “well it’s useful if you live in some third world country that’s crashing”. \n\nIf I don’t personally get something, I look for people who do. True believers either don’t seem to get it either or greatly exaggerate how popular it’s going to get. The one person I know who is an expert in crypto and has been since the start may have made good money, but they also been wrong a lot. I thought that person would be able to convince me, but every conversation shows that he refuses to think there ever could be a bad outcome. During a conversation about it he told me that banks won’t be around in 5 years. This was like 10-12 years ago. When I asked what if crypto fails to do that I was met with “it won’t…it exists so hence it will succeed”. I tend to run away from that type of belief. \n\nAs far as becoming some worldwide global currency, crypto may be decentralized but you are not. We are all citizens of some government and governments are not going to like their currency being overtaken. They can simple ban it. Doesn’t necessarily mean you won’t be able to own it but its usage will be severely limited. You won’t be getting paid in it for work, you won’t be able to spend it as if it were normal currency. Always just a store that you have to hide.",
  "label": "r/investing",
  "dataType": "comment",
  "communityName": "r/investing",
  "datetime": "2024-05-21",
  "username_encoded": "Z0FBQUFBQm5Lak1FOTJDRXZ6Q0NnMlVMcFpsNVZaMGtGY3lqbS1SM3lpZUFlNERZbjZFSGxzR3d2QmgxQklGR3Flb2RDMVpfU3h3WmxXNEo1UkdYTksyZlNlYkFYejZRZ1E9PQ==",
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}
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