Topic: Advice to friend for financial improvement. - page 4. (Read 978 times)

It is good advice for your friend but you should also make sure what his purpose is in buying an iPhone. Others bought iPhones for making content on social media which means an investment in venturing into another method of earning but your friend already decided to buy Bitcoin which is a good choice. It is really impractical if your friend bought that phone for just casual use which is nothing wrong with it but the problem is that he can't buy it in cash as his salary is low so either he pays it on installment or he has savings on it.

Not many people want to save some part of their income, even fewer want to think about investing them somewhere, because for this they need to study and analyze something, it seems complicated and unnecessary to them. Of course, it’s easier to buy a smartphone of the latest model and scroll through the news feed, it doesn’t require any mental activity, so all lazy people will choose this.

I very much doubt that such people need your advice, they just want no one to bother them, and there is nothing wrong with that, everyone lives as they feel comfortable.

Maybe his friend can afford an Iphone, but it's not necessarily interesting for him doing so right now, because a Bitcoin investment could have a much more positive impact on his life than a fancy cellphone. He has to take in consideration what he expects and what features he needs from the device. Most average and cheap smartphones completely supply the demands from average customers, being Iphone only a matter of status and higher quality photographies and videos. Unless he works with self-image or as photographer or marketing promoter it's really unlikely he is going to need an Iphone from the practical point of view.

Moreover, by investing in BTC and holding till the next ATH, he will be able to buy the fresh Iphone model, besides still having some profit on his wallet to continue investing or to use it somehow else, as he wishes.

It is fine sharing your knowledge but never decide for their sake ‘coz if anything happens, you’d be the one to blame. This is an undending topic; needs va wants. Ofcourse it would be better to invest but problem is that we have different perspectives of how we would spend our money. Some are really prioritizing their wants such as new phones but that’s how their hardwork would be relieved; allow them. Simply give them an insight or an alternative way to spend their money and let them do it. Same thing with increasing the amount of their investment ‘coz they might be unconsciouly crossing their line of risk tolerance. No matter how huge the potential of an asset is, always anticipate the qorse output to prepare yourself once it happen. Encouraging means exposing them as well so better know what you are trying to push him through with.

If a person is buying iPhone then it means that he already has made some investment or may be he does not have need to invest in any business because buying an iPhone is not easy for a middle class people. Beside bitcoin there are also lots of other opportunities in which a person make investment and become able to buy iPhone but if a person is not ready to buy bitcoin instead of iPhone then surely he is earning lots of money that there is no need of buying bitcoin.

Without doubt bitcoin is a useful currency and asset that can make you wealthy and some people are wealthy enough but still they are interested in bitcoin investment because using money in different assets and business provides more profit to them. Its a good idea to buy bitcoin instead of iPhone because iPhone cannot increase your profit but bitcoin do.

He came to visit my house a few days ago. My friend had a $200 normal phone, one time I talked to him he said he was going to buy an iPhone 15. I can't knowingly recommend my friend to buy an iPhone. I got good knowledge about Bitcoin, I suggested my friend to invest in Bitcoin thinking about his future development. Given all the ideas about Bitcoin, my friend at one point decided to invest in Bitcoin instead of buying an iPhone. Suggested my friend to invest in Bitcoin by following DCA. My friend bought $200 worth of bitcoins for the first time. It will try to gradually increase its investment growth.

Are you sure your friend can't afford the iPhone and still be able to buy Bitcoin or DCA into Bitcoin? Because we people like looking down on others when they don't appear to be well-funded, I can afford an iPhone and it won't affect my weekly DCA into Bitcoin, but I don't just like iPhone, I am more of an Android-style guy, I can buy expensive things not because I can't afford them, but that's because I need them, it's a good way of living, because if you just work hard every day and you can't spend money you will end up dead one day and leave all these things behind.

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It's not crime to spend, always take care of yourself when you work very hard for year's, you deserve it, do not be a slave to money, it's only wrong if you are buying things you don't need, investment? Sigh, you can still invest and enjoy your life too, all work and no play will make you a dull person, just know your worth and yourself.

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Buy Bitcoin weekly or monthly, do things that makes you happy, and mind you, your friend can be investing at your back without telling you, a friend did this to me once, he was into Bitcoin even before me and he never tell me, and I was always advising him to invest in Bitcoin, because I want to see him grow, unfortunately, he doesn't see it the same way as me.

That said, it all depends on each person's intended use, we should not hastily conclude that someone buying a new iPhone is a waste. I see people often create content like recording clips to make money through social networks, it's clear that buying iPhones is not only their need, but they also make money by unboxing the latest phones. Many young people in my country also line up and jostle to buy the latest iPhones for their own reasons. They are the ones who make money from reviewing so they will always hunt for new technology products.

There are many ways to make money, not just investing in bitcoin, we should not criticize others just because they do not invest in bitcoin like us. Not everyone is wasteful or boastful.

If someone needs a new phone to be exact an iPhone 15 for some purpose like having good quality of camera and for making contents, that's not a problem.

If someone wants to buy it for their personal satisfaction and gratification, that's not a problem.

I know that we're eager to educate people to invest in Bitcoin but if they're also eager to buy that piece of device then let them be happy with it.

If they want to invest, they will invest because it is common that people will buy expensive things over buying assets that will help build their future better.

Gadgets are good for your personal use, and you should have them, but it is not necessary to own a high-end smartphone (iPhone) when you can do things with your ordinary smartphone. It is better to invest your money in stocks. Start with whatever you have. It doesn't really matter if you invest $100 or more. I am of the opinion that buying a $1000 smartphone is not wise, but buying a $1000 stock or Bitcoin is more valuable and wise.
Secure your future first, then think about these luxuries.

I meant society in general, and of course there are always those who are exceptions, like you or me who has had the same smartphone for almost 5 years and I'm still happy with the same one, even though I haven't received any upgrade for a long time. That's the only reason why I'm thinking about a new model that will still be in a higher price range, considering that I don't buy such things every year.

In addition, the iPhone is actually a "Chinese" phone because it is manufactured in China, as are most of today's smartphones with the exception of Samsung, which allegedly does not have its own production facilities in China.

A person's dream is to buy iphone 15, moreover buying iPhone definitely requires a lot of money where people often struggle. Also, I have a dream to buy an iPhone in the future but since I don't have that much money right now to buy it, I've been planning it for the future. Although the amount of money I have currently collected and saved I will try to buy an iPhone from the profits I will get from Bitcoin in the future. Those of us who are associated with Bitcoin know how bright the future of Bitcoin is going to be. So it would be a good venture if one buys and holds bitcoins instead of buying iphones in hopes of higher profits. Since you told your friend about bitcoin to buy iphone and he agreed to invest I think he took a good step. Although currently buying bitcoins and waiting till ATH will definitely make good profit and buy iPhone with that investment money. But of course your friend needs to acquire enough knowledge about Bitcoin or he might be at risk. So firstly explain your friend well about bitcoin as he has already invested $200 dollars in bitcoin, so educate him better about bitcoin then he will buy more bitcoin later.

Now it is assumed that a fund supposed to get him an iphone as a liability has created him source of income
in multiplications (investment) on the fact of investing the fund to Bitcoin and finally he still got that iphone of his dream yet his investments proffers to offer him more financial growths hopefully to be a long time investment.
This is the potentials of what Investing on Bitcoin is capable of changing lives like a dream.

In as much as this thread is good for discussion, I see no reason for creating this as a new thread. The discussion is in line with the topic you reference in your post. Sorry to say but this is not different from duplication, you could use this to comment on that same thread and the discussion will continue. Back to your discussion, I hope you enlighten your friend about the dangers associated with bitcoin as well, like the security of his wallet and market volatility. It's important to make him aware of these so he won't put the blame on you when anything happens.


Investment is good but don't deny yourself the good moments of life just because you want to invest. Anything that makes you happy, please do it to the fullest as far as it's not putting you in financial crisis. Your friend is right for giving himself the joyful moment he desires. Once you die, your investments will be spent by people and it might be probably not spent on what you intended, spend and invest while you're alive. Don't focus on one and leave the other.

I think what you have given is correct. I think 200$ can be invested in Bitcoin now and after few months or few years it will get good amount of profit. So if you can invest in Bitcoin instead of iPhone money at this time.  It can bring profit for him. But I don't think he will invest in bitcoin if he can invest now it seems like the best time to invest.

Your friend's story is sweet; a simple act of putting off immediate satisfaction (that shiny iPhone 15) in order to possibly have a better financial future; but its also filled with uncertainty, isnt it? Bitcoin is like a pirate ship on rough seas, even though its been a fun ride. It goes up and down, and it makes you smile and not smile sometimes.

What if the iPhone (or something similar in goods or experiences) your friend bought today brought them a lot of happiness, pleasure, or even chances to meet new people? Spending money on things you need (or want) right now can have benefits you didnt expect. So, it might be worth thinking about whether telling someone they should invest in Bitcoin should also come with a small warning: "Get ready for an exciting but possibly rough journey!"

Back then I also used to scoff at people who pay for stuff like these and not use that money to invest and earn dividends, until I realize that my opinion was unsolicited, and I probably look like a pompous asshole to them by making it as if my decisions are right and what they do is wrong. When I got the money to buy stuff I want I also acted a little lavish, I spend and spend knowing that I'd gain the money back anyway, what's to say that these people who have the capabilities to buy an iPhone 15 or whatever, aren't able to do the same thing that I could investment-wise?

That's when I realize I should keep things to myself and just focus on my shit until my opinion is asked. Most of the time I'd even be thanked for the great suggestion, instead of shoving my ideas into their faces when they didn't ask for it in the first place.

Bitcoin halving doesn’t directly mean an increase in price. So, I’ll say you count this out.

It depends. Buying an iPhone too could be equally profitable. It’s not a bad thing to do. I’m just reflecting on how you sound about buying an iPhone. Also, I don’t even think Bitcoin and iPhone is comparable. You can still suggest to someone to buy Bitcoin even as they buy their iPhone (after all there’s no minimum amount to purchase).

Overall, I think you’re a good friend as you’ve shown to have your friends’ best interest at heart. 👏

Yes you are right, everyone has their own thoughts, there are those who want to develop their finances by saving and investing like you do and if I may judge that is a wise action. Because everyone who sets aside their money to save and invest, I think they have a more mature and less selfish mindset.
In fact, it is their right to use the money they have, but for some reason I don't like the way of thinking of people like your friend, because in the name of living only once they spend their income just to always have fun and only fulfill their desires without can think about the increasing cost of living in the future and think that the future will be fine.
I think your friend doesn't have a family and has never experienced significant difficulties in his life, such as headaches thinking about all the bills we have to pay, such as electricity bills, water bills, vehicle tax, children's school fees which are getting higher and higher every day and other basic daily needs. Sometimes the prices of all current needs are not commensurate with the income we have.
Yes you are right arguing with people like your friend will not be beneficial for us, I think let the conditions or difficulties teach them to understand the true meaning of "life is only once" and we should not waste our money just to have fun without thinking about the family and our children we might leave behind when we die.

Normally, people have a choice for how they want to spend their money, but IMO, It's more wise if someone has already had a better asset (Bitcoin or whatever) that they have invested a huge sum of money into before they can think of putting such a huge amount of money into the iPhone 15. It's very unwise for someone to have worked for several months and have managed to make some money, but they end up buying a phone that will surely get outdated in the future, while they would have bought an asset that can yield a profit for them in the future. Although let's not forget that we have some rich dudes who can even buy several pieces of this iPhone, the money they have spent to buy those phones will not affect their financial well because it steadily get replenish through their already existing investments. I think those are the kind of people who should get the phone, not just a person who is still trying to build their financial well.