Row 32864

Row ID: 32864 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 32864 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

**Bitcoin is volatile.**

However, it is violently falling upwards over the years if you zoom out. Investing is a long term game, not a get rich quick scheme. Being volatile in the short term while gaining high value over a few years sounds like a good play for a long term investor.

**Bitcoin is not backed by anything**

Bitcoin is a public ledger. That's it. It's just a list of transactions. Why would that need to be backed by anything? That's all the information you need to know who has what. It is an unhackable public ledger. It is its own unit of account.

**Bitcoin is scarce.**

21 Million BTC. Forever.

My parents-in-law all argued with me about inflation a few years ago, saying my fears weren't grounded after pointing out the massive money printing and growing debt the nation was in. They said inflation wasn't going to happen. They scoffed and laughed in my face.

This trend isn't slowing down, it is accelerating. We can't even pay the interest anymore.

**Bitcoin is decentralized**

Anyone with an internet connection can use it. You are not taxed for moving your bitcoin over international borders. You can bring more than $10,000 of your bitcoin with you on a plane. Your bank will never be closed. Your money is not loaned out to others.

**The dollar is a scam**

Its literally just made up on bank computers. You work for it, they just make it for free.

Inflation has doubled prices, and robbed everybody of half their lives. Half the time they have worked has been robbed from them. Everything they have ever saved has been halved. Fell through their fingers like sand. Evaporated. Because someone else needed money, and that someone had the means to create it out of thin air.

The economy is a single pie, and you get paid by the slice.

FieldValue
text **Bitcoin is volatile.** However, it is violently falling upwards over the years if you zoom out. Investing is a long term game, not a get rich quick scheme. Being volatile in the short term while gaining high value over a few years sounds like a good play for a long term investor. **Bitcoin is not backed by anything** Bitcoin is a public ledger. That's it. It's just a list of transactions. Why would that need to be backed by anything? That's all the information you need to know who has…
label r/investing
dataType post
communityName r/investing
datetime 2024-05-21
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Raw Record

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  "text": "**Bitcoin is volatile.**\n\nHowever, it is violently falling upwards over the years if you zoom out.  Investing is a long term game, not a get rich quick scheme.  Being volatile in the short term while gaining high value over a few years sounds like a good play for a long term investor.\n\n**Bitcoin is not backed by anything**\n\nBitcoin is a public ledger.  That's it.  It's just a list of transactions.  Why would that need to be backed by anything?  That's all the information you need to know who has what.  It is an unhackable public ledger.  It is its own unit of account.\n\n**Bitcoin is scarce.**\n\n21 Million BTC.  Forever.\n\nMy parents-in-law all argued with me about inflation a few years ago, saying my fears weren't grounded after pointing out the massive money printing and growing debt the nation was in.  They said inflation wasn't going to happen.  They scoffed and laughed in my face.\n\nThis trend isn't slowing down, it is accelerating.  We can't even pay the interest anymore.  \n\n**Bitcoin is decentralized**\n\nAnyone with an internet connection can use it.  You are not taxed for moving your bitcoin over international borders.   You can bring more than $10,000 of your bitcoin with you on a plane.  Your bank will never be closed.  Your money is not loaned out to others.  \n\n**The dollar is a scam**\n\nIts literally just made up on bank computers.  You work for it, they just make it for free.  \n\nInflation has doubled prices, and robbed everybody of half their lives.  Half the time they have worked has been robbed from them.  Everything they have ever saved has been halved.  Fell through their fingers like sand.  Evaporated.  Because someone else needed money, and that someone had the means to create it out of thin air.\n\nThe economy is a single pie, and you get paid by the slice.",
  "label": "r/investing",
  "dataType": "post",
  "communityName": "r/investing",
  "datetime": "2024-05-21",
  "username_encoded": "Z0FBQUFBQm5Lak1IVGMxWjhQZ3dhUnZxZTJsaHB2UEtxUC1XZkxiN2JGVXRCTnowNFF2dC1aclBKdFFVYlZwbjZja2ZMU3dhdVh5QnF6clVOVzBmdGtvM24wck1MN1RUWGc9PQ==",
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}
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