Bitcoin Price vs Iphone Price at launch

Wind_FURY

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Quote from: aysg76 on October 26, 2021, 07:49:14 AM

Actually when i see bitcoin and iphone memes these sorts of are which i liked the most :

This makes me wonder the same Iphone 4 is now rarely seen and priced at very low price and even if the same amount have been invested in bitcoin at that time you would now be able to millionaire.Just imagine the returns on both. This is how inflation robs you of purchasing power and the inflationary assets you own devalue so fast and on the contrary basis bitcoin is deflationary and can secure your future.

More and more iphones will be released even after 2140 but no more btc left to be mined and then prices will be unimaginable.So choose wisely these memes are some sort of guiding visuals to be visionary but most of us take it for fun.I can say i am bitcoin holder.

The iPhone comparison priced in Bitcoin showed was obviously not about how inflation robs us of purchasing power. It showed us, or it’s still showing us, that Bitcoin remains on its path to price discovery to 6 digits? Although, it might not be very obvious during 2010 - 2012, during the time of 10,000 Bitcoin Pizza.

aysg76

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Actually when i see bitcoin and iphone memes these sorts of are which i liked the most :

This makes me wonder the same Iphone 4 is now rarely seen and priced at very low price and even if the same amount have been invested in bitcoin at that time you would now be able to millionaire.Just imagine the returns on both.This is how inflation robs you of purchasing power and the inflationary assets you own devalue so fast and on the contrary basis bitcoin is deflationary and can secure your future.

More and more iphones will be released even after 2140 but no more btc left to be mined and then prices will be unimaginable.So choose wisely these memes are some sort of guiding visuals to be visionary but most of us take it for fun.I can say i am bitcoin holder.

zaesvlas

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Can I also introduce a bitcoin index? As there is a "big mac" index, make the same bitcoin index)

Wildwest

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If there used to be people who bought iPhones using bitcoin maybe now regret must be felt because only buying iphone 5 we have to spend up to 12 bitcoins when compared to the current value of bitcoin then there are so many iphones that we can get, and there we can see that the more lost purchasing power of fiat currency at that time, And currently the value of bitcoin is getting higher and with the value of 0.02 BTC we can already have an iPhone that is currently the highest price it is certainly very extraordinary for those of us who have bitcoin assets.

Wind_FURY

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Quote from: uneng on October 25, 2021, 08:27:19 AM

Conclusion: don't waste money on Iphones, buy bitcoins instead.

Just imagine how profitable bitcoin investment could be for those people who compulsively change their Iphones' models every new year when a new one is launched.

Yes, but no. Buy the iPhone if you want it, but if you already HODL your money in Bitcoin, then DON’T use that. Never use Bitcoin unless something requires you to make a censorship-resistant transaction.

bandungan

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the price is reasonable as in the picture you mention. because at the time of the launch of the iphone 4 the price of bitcoin was very low and bitcoin was not yet well known to the public. but for now the price of bitcoin is experiencing a fantastic surge. even with a little bit of bitcoin already got the latest iphone. this is so awesome for bitcoin price

kramat

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Bitcoin price will be change but bitcoin never change. Bitcoin price is day by day increase. So it help to for the future saving. Mobile will be change the price and modals. If buy the mobile price will be go down. If invest in bitcoin it your future investment. So plan to invest your money.

budi691

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I bought an Iphone 4 when it was very cheap and buying 1 Bitcoin was very expensive,
but what will happen...if only at that time I trusted my friend to buy Bitcoin instead of iPhone Maybe now I can buy iphone 13 more than 10
and now my friends can only laugh at me who just threw away a broken and worthless Iphone 4.

uneng

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Conclusion: don't waste money on Iphones, buy bitcoins instead.

Just imagine how profitable bitcoin investment could be for those people who compulsively change their Iphones' models every new year when a new one is launched.

xSkylarx

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Quote from: BITCOIN4X on October 23, 2021, 11:36:33 AM

We have seen that fact now that the price of bitcoin has gone up quite a lot since its launch in 2009 until now. We can compare it with many thing and of course it will be very interesting to ponder. I remember when I bought my first motorcycle in 2010 for $1,500, if I had bought bitcoin with the amount of money I spent on motorcycles then I believe I can now build a motorcycle factory. Of course very extraordinary, even bitcoin rose much higher than gold in the last 10 years.

Yeah and now bitcoin is getting noticed by the people. Way back it was launch it is only used to buy a pizza which other laugh and other belives on it. Fast Forward when the price is getting higher and higher people are getting into bitcoin and trusting it. Now the price is really high which almost people want to have a bitcoin and also invest on since they could earn money. The price really matter. On the other side it is a funny meme tho and we could say that some people are want to buy iphone than a bitcoin .

Wind_FURY

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Quote from: palle11 on October 23, 2021, 10:57:46 AM

Quote from: Wind_FURY on October 23, 2021, 07:08:36 AM

That MEME validates that Bitcoin is currently not “right” to use as a medium of exchange. We don’t know what its real price is because it is on a path to price discovery. If your transaction doesn’t require censorship-resistance, keep HODLing your Bitcoin.

You also know that we can't just be on the hodling for longer than we can when there are issues of finance all the time. The times are hard and even with censorship transaction, we sometimes have no choice but going through it to safe our heads at such a point when all we have is our hodling in bitcoin but reinvesting is always nice to do. When it comes to health issues IMO we can't keep the hodling on.

As a technology, the Core developers made design-decisions that made Bitcoin a multi-generational protocol. HODL.

As an investment, Bitcoin is still on its path to price discovery to be more valuable than its current value. HODL.

As an asset, it’s simply a good censorship-resistant, self-sovereign store of value. HODL.

BITCOIN4X

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We have seen that fact now that the price of bitcoin has gone up quite a lot since its launch in 2009 until now. We can compare it with many thing and of course it will be very interesting to ponder. I remember when I bought my first motorcycle in 2010 for $1,500, if I had bought bitcoin with the amount of money I spent on motorcycles then I believe I can now build a motorcycle factory. Of course very extraordinary, even bitcoin rose much higher than gold in the last 10 years.

jostorres

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Quote from: PrimeNumber7 on October 23, 2021, 06:19:07 AM

It is no secret that the price of bitcoin has gone up. This has not been caused by purchasing power inflation of fiat currencies. The price has increased because more people have seen the value in using bitcoin, and are willing to put their money where their mouth is.

You made a good point there, it wasn’t just about fiat losing value, it is because Bitcoin has increased a lot in value. A lot of people are now interested to invest their money in Bitcoin and the worth of bitcoin compared to what it was back then has changed so much, and one Bitcoin today can get you like sixty iPhone 13 pro’s. Fiat is slowly losing value and bitcoin is quick in gaining more and more value every year.

Someone once made a comparison like this using Tesla, and asking whether to buy bitcoin or a Tesla and which of them would be worth it in future. Definitely it is bitcoin, because a Tesla you buy today is going to lose value tomorrow and will become a second-hand/used product in the market, and if you’re going to be selling it, you will sell it around half of what you bought it. But, Bitcoin will be increasing in value and you will sell more than double of what you paid for it.

palle11

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Quote from: Wind_FURY on October 23, 2021, 07:08:36 AM

That MEME validates that Bitcoin is currently not “right” to use as a medium of exchange. We don’t know what its real price is because it is on a path to price discovery. If your transaction doesn’t require censorship-resistance, keep HODLing your Bitcoin.

You also know that we can't just be on the hodling for longer than we can when there are issues of finance all the time. The times are hard and even with censorship transaction, we sometimes have no choice but going through it to safe our heads at such a point when all we have is our hodling in bitcoin but reinvesting is always nice to do. When it comes to health issues IMO we can't keep the hodling on.

aoluain

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Quote from: mk4 on October 22, 2021, 12:55:22 PM

Quote from: DarkDays on October 19, 2021, 09:27:00 AM

Yup, the power of numbers on the human brain!!!

I guess this is why we see prices of .49 or .99 rather than whole numbers. If it is not a whole number we are suddenly thinking that's more of an acceptable price to pay. A whole science behind this stuff but it always helps to put it in perspective, especially when dealing with crypto

Yep. And this is why I think we should be using smaller bitcoin denominations by default; because a lot of ignorant people are unnecessarily getting attracted to "cheap" prices, thinking that the likes of XRP and DOGE will reach bitcoin's price levels even though their total supply is far far higher.

I also think we should be pricing things in smaller denominations, as in Satoshi's,
especially on exchanges, It would definitely be comparible to some $hitcoin pricing,
and would attract some more retail investment and pull them away from the above.

ATM you can get ~ 100,000 Satoshi's for $60

Quote from: mk4 on October 23, 2021, 08:27:07 AM

Quote from: ?? on ??

You should try converting 0.02 BTC to 20 mBTC or 2.000.000 satoshi.

As much as I'd want to, it's really difficult to do these kinds of mental gymnastics to my own head if 99% of services and exchanges still has BTC as the default denomination lol.

Yea I have the same but I'm getting used to working it out . . . very roughly!

$62,000
0.1BTC = $6,200
0.01BTC = $620
0.001BTC = $62
0.0001BTC = $6.20
0.0002BTC = $12.40
0.00021BTC = $12.40 + $0.62

So yea pricing the Iphone in BTC or Satoshi's is less shocking.

SquirrelJulietGarden

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Quote from: amishmanish on October 23, 2021, 07:21:23 AM

0.02 btc may seems like a small amount to you few lucky dogs here, lol. For me, it is still quite a big amount even though I have been on the forum since end of 2017.

History - signature campaigns and bounties on Bitcointalk. There were campaigns that paid more than 0.09 BTC to 0.1 BTC per month and you don't have to be outstanding posters to join. Lips sealed

Quote

I wonder how many people of my type would be there who haven't made it despite being in the space for 4 years now. I am almost ashamed to admit this at times, LOL. Thanks to my present campaign though, I have stacked some Sats.

sats have higher value over time and people realize that the more expensive Bitcoin is, the more transactions they will make with satoshis, not with Bitcoin. Satoshi is fraction of Bitcoin and because they can not own more than 1 Bitcoin, they have to broadcast transactions that are smaller than 1 Bitcoin.

pinggoki

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Such comparison in the past was made to either put into table the loss of purchasing power of some of the top Fiat in the industry or to just signify the ever-increasing price of something as a result of technological advancement. As in the case for bitcoin, one can derive from the comparison that it exponentially grew in terms of purchasing power that not even the high price of iPhones in the past decade could catch up with it. Besides, one is an ever-appreciating asset that could grow even more in the years to come while the other is a depreciating piece of tech that goes outdated every year.

Quote from: PrimeNumber7 on October 23, 2021, 06:19:07 AM

Quote from: Poker Player on October 18, 2021, 09:44:40 PM

In the past, such tables were made to show the loss of purchasing power of fiat currencies, like you can see here:

Visualizing the Purchasing Power of the Dollar Over the Last Century

That graph does not factor interest one would expect to have on the $100 it measures. It is very uncommon for someone to keep all their money in a mattress. Bank interest rates are low today, but they have been closer to the inflation rate in the past, and in some cases, exceeded the inflation rate.

It is no secret that the price of bitcoin has gone up. This has not been caused by purchasing power inflation of fiat currencies. The price has increased because more people have seen the value in using bitcoin, and are willing to put their money where their mouth is.

It is important to make this distinction as some people in this forum suggests that the only reason bitcoin is increasing in value almost every year is because of the fact that the dollar depreciates in value as well. I mean if that's the case then we shouldn't be getting exponential all-time-highs like the ones we've had in the past three to four years and should only be getting minimal since the inflation of dollar seemed a bit minimal as well. I'm no economist so if I am incorrect about my argument I would appreciate if someone explains it to me better.

mk4

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Quote from: ?? on ??

You should try converting 0.02 BTC to 20 mBTC or 2.000.000 satoshi.

As much as I'd want to, it's really difficult to do these kinds of mental gymnastics to my own head if 99% of services and exchanges still has BTC as the default denomination lol.

amishmanish

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0.02 btc may seems like a small amount to you few lucky dogs here, lol. For me, it is still quite a big amount even though I have been on the forum since end of 2017. It was partly because of the fact that I stopped accumulating during a year long ban in our country and then missed a lot of initial spots in Sig Campaigns by a margin. Came close to CM once but then real life took over and had to be away from the forum.

I wonder how many people of my type would be there who haven't made it despite being in the space for 4 years now. I am almost ashamed to admit this at times, LOL. Thanks to my present campaign though, I have stacked some Sats. Not worried about it though. The space has still given me a lot and whatever shortcomings i have, they are my own.

I am with Bitcoin and i am sure WAGMI...LoL..I never really liked Iphones anyway. Now if its a foldable Note with a sexy stylus, I'd pause and feel bad for a minute.. Cheesy

Wind_FURY

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That MEME validates that Bitcoin is currently not “right” to use as a medium of exchange. We don’t know what its real price is because it is on a path to price discovery. If your transaction doesn’t require censorship-resistance, keep HODLing your Bitcoin.

SquirrelJulietGarden

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Quote from: Poker Player on October 18, 2021, 09:44:40 PM

Visualizing the Purchasing Power of the Dollar Over the Last Century

Purchasing Power of the U.S. Dollar Over Time. The purchasing power of fiat currency lost over time. Governments have rights to print money from their factories so the decreasing power of fiat currency is unavoidable.

Iphone was a very hot and desired item for people one decade ago with the era of Steve Jobs. It was a dream of many people. Now, it is not because there are many smart phones and Iphone is not the only option for us. I know some people are Ifans and they do love and only choose Iphone if they need a smart phone. For others, they can choose smartphone from other companies. With this competition, the value of Iphone drops over time too.

I meant Bitcoin beats both fiat currency and Iphone in value.

PrimeNumber7

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Quote from: Poker Player on October 18, 2021, 09:44:40 PM

In the past, such tables were made to show the loss of purchasing power of fiat currencies, like you can see here:

Visualizing the Purchasing Power of the Dollar Over the Last Century

That graph does not factor interest one would expect to have on the $100 it measures. It is very uncommon for someone to keep all their money in a mattress. Bank interest rates are low today, but they have been closer to the inflation rate in the past, and in some cases, exceeded the inflation rate.

It is no secret that the price of bitcoin has gone up. This has not been caused by purchasing power inflation of fiat currencies. The price has increased because more people have seen the value in using bitcoin, and are willing to put their money where their mouth is.

livingfree

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Even if I'm not a fan of Iphone, I think in the earlier days of bitcoin and I think that it can be afford by me, I'll buy. But what a coincidence that we're in a better time today.

Price of bitcoin is much higher but I wouldn't need an Iphone though but I'll buy a macbook. Tongue

Quote from: mk4 on October 18, 2021, 10:19:57 PM

It's funny how spending like $1300 is too expensive for me to justify whereas if looking at it as 0.02 BTC, then suddenly I'm a lot more comfortable in spending it lol.

True.

We've just accumulated it when it's cheaper but it's still not that sinking that the price went up already.

bitLeap

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The longer the IPhone the cheaper the price, while the longer the Bitcoin the more expensive the price. Obviously that's very different in terms of value resilience. But broadly speaking, this is of course converted at the price at that time. So the current comparison, we know which one we should buy and let the Iphone print the new version. While Bitcoin will never have version 1 version 2 and so on.

mk4

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Quote from: DarkDays on October 19, 2021, 09:27:00 AM

Yup, the power of numbers on the human brain!!!

I guess this is why we see prices of .49 or .99 rather than whole numbers. If it is not a whole number we are suddenly thinking that's more of an acceptable price to pay. A whole science behind this stuff but it always helps to put it in perspective, especially when dealing with crypto

Yep. And this is why I think we should be using smaller bitcoin denominations by default; because a lot of ignorant people are unnecessarily getting attracted to "cheap" prices, thinking that the likes of XRP and DOGE will reach bitcoin's price levels even though their total supply is far far higher.

Dhaniii

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https://i.imgur.com/hgxNNiA.png

I'm a little curious as to what the iPhone 4 costs up to 2 BTC, what about the menu, the uniqueness so that the price is very expensive. I'm still not convinced by such a price, it's better to use the funds in a more profitable place than to be extravagant for an iPhone.

hugeblack

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If we calculate inflation and compare it with the technology provided by iPhones, we will also see some differences.
In general, it is assumed that the prices of digital products will continue to decrease or remain stable, especially since developers are making a lot of options for customers, but in general, instead of buying several phones, it is better to buy an average phone and invest.

btc_angela

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I think we have the same thread here: Price of an iPhone in Bitcoin at their launch over the years. by @rhomelmabini.

DarkDays

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Quote from: mk4 on October 18, 2021, 10:19:57 PM

It's funny how spending like $1300 is too expensive for me to justify whereas if looking at it as 0.02 BTC, then suddenly I'm a lot more comfortable in spending it lol.

Yup, the power of numbers on the human brain!!!

I guess this is why we see prices of .49 or .99 rather than whole numbers. If it is not a whole number we are suddenly thinking that's more of an acceptable price to pay. A whole science behind this stuff but it always helps to put it in perspective, especially when dealing with crypto

o48o

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Damn, i phone 5 turned to be very expensive, sadly they don't raise in value when they get older. I sometimes count how much my spendings were in 2015 when i was using bitcoin to take my kids to swimming and buying stuff. I really don't care that i spended that because i didn't have a clue bitcoin would moon so hard anyway. And i was living from hand to mouth anyway so it would be harder for me to save it.

bitmover

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Quote from: mk4 on October 18, 2021, 10:19:57 PM

It's funny how spending like $1300 is too expensive for me to justify whereas if looking at it as 0.02 BTC, then suddenly I'm a lot more comfortable in spending it lol.

I agree. I still need to update the current bitcoin price in my head.
I know it is worth ~60k, but still when I think 0.02 BTC it really doesn't look like a lot of money lol

Certainly big companies could profit in that scenario. Many people think feel like us. I would be more comfortable spending my bitcoins directly instead of converting them to USD.

I wouldn't buy an iphone for $1300, but maybe I would for some satoshis

mk4

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It's funny how spending like $1300 is too expensive for me to justify whereas if looking at it as 0.02 BTC, then suddenly I'm a lot more comfortable in spending it lol.

Poker Player

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Yeah, well, but that can be done with pretty much everything.

In the past, such tables were made to show the loss of purchasing power of fiat currencies, like you can see here:

Visualizing the Purchasing Power of the Dollar Over the Last Century

but if we add Bitcoin to the equation, the contrast is even greater.

bitmover

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bitcoindata.science

I follow a Brazilian meme website which is very funny and he maid a nice comment recently about bitcoin vs iphone price at launch.

Everyone knows how much iphones are ridiculously expensive. But let's take a look at this table and see how much you could have bought of bitcoin with iphone price at launch over the last years.

source: https://www.instagram.com/p/CVL5dNylhPM

Topic: Bitcoin Price vs Iphone Price at launch (Read 330 times)