How valuable BTC has become overtime

Bananington

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Quote from: Lorence.xD on September 16, 2023, 09:39:40 AM

Quote from: AbuBhakar on September 16, 2023, 08:54:34 AM

Quote from: komisariatku on September 16, 2023, 08:33:06 AM

Quote from: Blitzboy on September 16, 2023, 05:28:39 AM

Quote from: famososMuertos on September 15, 2023, 04:13:59 PM

It is a classic comparison that works for any asset that growing on time. In fact, the list is long, except that bitcoin has a "millions" percentage, but it is something that can always be done in conjunction with other types of investments.

We cannot "sell" the idea of the price of bitcoin as its strength so that we decide on the right to access it. Then, those same premises that are little talked about are the true principles that should always be promulgated, if people understand the meaning of the premises by which bitcoin became an investment system, payments and a technology capable of breaking old paradigms. financial, it is not necessary to tell you that you could buy much products years ago and that this linear growth will continue and you should buy bitcoin today.

Wasnt it cool? Many merely want the money, or "bling bling," but theres more. Its like saying the worth of a library lies only in the price of its books and not the knowledge within.

Bitcoin's value goes beyond its rising price. Decentralization, technology, and the ability to revolutionize financial systems make it unique. People shouldnt merely see Bitcoin as a moneymaker. It should be seen as a tool to change our money mindset. Its not about "Get rich quick!" but about understanding it. Doesnt the "buy now to be a millionaire in the future" pitch seem meaningless if everyone receives that?

I honestly don't agree with you. I think bitcoin is sexier and in demand because we can get big profits from bitcoin, because the price continues to increase. As you said, ideally a library is judged by the knowledge possessed by the books available there. But if we have read many books and gained knowledge then what is the use of that knowledge? to make money right?

If we return to the original purpose of bitcoin, then bitcoin is a currency for payments that is decentralized and cannot be controlled by anyone. Yes, that is a good vision for bitcoin to have. I think we already understand the vision of bitcoin, and what attracts most people to bitcoin is its ever-increasing price. So, most people dream of becoming a millionaire in bitcoin, and that's the reality

And when people talk about bitcoin, most people will talk about the price.

We can’t deny the fact the it’s volatility is the reason why many user is investing on Bitcoin but those users invest short term basis unlike true Bitcoin holders that invest due to the unique feature of Bitcoin called Blockchain. Bitcoin blockchain is the only real decentralized network since it doesn’t control by group but instead with the community.

I like the idea of people investing on the technology rather than the price increase since this will result to a much more organic price growth and it will continue to grow organically while Bitcoin is being adapted by many.

Bitcoin is actually made to be an alternative currency but due to its volatility, people took advantage from it by doing investment in buying BTC and sell for a profit. But due to its high potential to reach high value in the market especially in the long run, people would tend to hodl more BTC for a higher profits. It's actually healthy to invest in no one's authority cause from its movement you will literally see an organic growth unlike other sht coins where mostly centralized and have a higher volatility and low potential.

It is a dumb move to HoDL shitcoins as one would have BTC. Shitcoins have no guarantee of long term profit unlike BTC that has proven to be a more sort after asset for future purpose and for even immediate trade.
The demand for BTC by customers and investors is one reason why BTC remains valuable and better suited for as a long term investment option. It is like a big brother to the other emerging cryptocurrencies and is still top preferred solution to any countries economic woes.

Ojima-ojo

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Just curious to know, can I buy an iPhone 15 using Bitcoin as payment?

Do apple allow overseas shipping directly from the company or do I need to order through a vendor, I am just wondering what the comparison is between Bitcoin and Apple products if BTC is not allowed to be used to purchase the product directly.

Indeed bitcoin always appreciate with time an same with products that have intrinsic values such as gold and other r device that have components that are resold such as making the iPhone with gold inscriptions in it.

dezoel

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Being able to buy an iPhone 13 with only 0.018 BTC back in 2021 shows how much valuable Bitcoin was in 2021 which was the bull run year of the previous cycle and when Bitcoin had hit the all-time high price of $69k. So, it's true that Bitcoin has obviously become much more valuable over time, but this thread and these stats would have been more fun to watch and see if the price of Bitcoin was higher than where it is right now, maybe during the bull run coming up.

I say that because Bitcoin isn't really as valuable as it actually needs to be right now if we see the current price. If we look at the overall value of the cryptocurrency, it's true that it has grown significantly since then, and it will most probably just continue getting more and more valuable over time.

qwertyup23

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Quote from: Texac on September 15, 2023, 08:09:56 AM

Quote from: yazher on September 15, 2023, 07:13:24 AM

This doesn't affect me personally because I consider my old transaction a push in order to have this great success in the crypto industry. if weren't for those transactions we have back then, we wouldn't even talking all these things here or they might even be ignored or forgotten because it won't survive if those transactions never happen. Right now, all I can do is just continue doing the things I want which is buying low and selling high and a little bit of trading as well, in that way I'm still getting some decent amount of income whenever the price gets back to its ATH.

If we laughed at and criticized those who chose iPhones over bitcoin many years ago, we should also laugh at those who sold bitcoins for 1 thousand dollars or Laszlo Hanyecz who spent 10 thousand bitcoins to buy 2 Pizza. we should even regret spending so much in the past because if we had let that money invest in bitcoin we would all have become rich. I've seen so many threads about this meme in recent days that I really find this a pointless and tasteless comparison because the future is unpredictable.

I somehow understand the people who sold their BTCs for a handful of relatively cheaper items (e.g. pizza, iPhones, etc.) given the state and nature of BTC during that time. But with all the recent developments, news, and breakthroughs that BTC had evolved, people should consider its potential and opportunity in HODLing it for long-term.

At this time, it is highly recommended for people to HODL and at least invest it for either short or long-term. Given its price history index, that is proof that the trend of the price is to increase especially during forks.

dothebeats

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Quote from: RockBell on September 16, 2023, 10:17:16 AM

Quote from: tabas on September 14, 2023, 10:50:20 PM

I have never imagined that this is going to be an easy comparison for how Bitcoin has gone far for being an appreciating asset and how dollar is depreciating. The images that were posted just shows that if you've been a bitcoin believer and held until now, you didn't chose the wrong option but you should be proud of yourself that the quantities that you've been accumulating for a very long time is starting to see the fruits of it. Well, you can reward yourself if you have got that much of Bitcoin and buy that device if you want to, or keep on pushing yourself at the best to keep on holding it until we see another price appreciation which is likely for the next bull run just after the Bitcoin halving.

Bitcoin has developed a name for itself, and in the last few years, those who have been wise enough to invest in bitcoin have realized its value, which is why everyone is finally going into it. And in my own country, bitcoin isn't appreciating; rather, it's becoming more costly, hurting practically everything. A lot of people are bitcoin believer and been that it has played out well in the life of people that have earned from it and they keep encouraging people who are serious minded to also invest. Accumulating is just the best because not every one can buy a single bitcoin due to the amount, and everyone that that have venture into bitcoin have benefited.

I agree, Bitcoin's name has been gaining more and more attention lately. Although there are still some negative views and perspectives that surround it, especially for those who have yet to do their research and understand how the system works, there is no doubt that Bitcoin is gaining more and more popularity overtime. I'm sure soon enough those are just curious and have yet to dive deeper to how Bitcoin works will discover the actual benefits that could be found and get from investing and holding.

Dickiy

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Quote from: RockBell on September 16, 2023, 10:17:16 AM

Quote from: tabas on September 14, 2023, 10:50:20 PM

I have never imagined that this is going to be an easy comparison for how Bitcoin has gone far for being an appreciating asset and how dollar is depreciating. The images that were posted just shows that if you've been a bitcoin believer and held until now, you didn't chose the wrong option but you should be proud of yourself that the quantities that you've been accumulating for a very long time is starting to see the fruits of it. Well, you can reward yourself if you have got that much of Bitcoin and buy that device if you want to, or keep on pushing yourself at the best to keep on holding it until we see another price appreciation which is likely for the next bull run just after the Bitcoin halving.

Bitcoin has developed a name for itself, and in the last few years, those who have been wise enough to invest in bitcoin have realized its value, which is why everyone is finally going into it. And in my own country, bitcoin isn't appreciating; rather, it's becoming more costly, hurting practically everything. A lot of people are bitcoin believer and been that it has played out well in the life of people that have earned from it and they keep encouraging people who are serious minded to also invest. Accumulating is just the best because not every one can buy a single bitcoin due to the amount, and everyone that that have venture into bitcoin have benefited.

Yes it is none other than because they market players have felt the good and positive impact of bitcoin itself, they have got what they want and until now maybe they can always produce the amount they expect, I will say that on average they have good planning in each investment and right indirectly they spread to others or people around them that bitocin is a good potential for you to get some profit there, so that over time bitcoin is increasingly recognized, especially in recent years and many people are appreciated.

But well I also won't fully say that bitcoin is a promising investment or gives you a guarantee for a big profit, before jumping in there it would be nice for us to first understand what's there. In bitcoin investment yes maybe you can get significant profits but in addition you also have to realize that behind big profits there must be big losses too, so I think you need to balance it and prepare a good plan, take advantage if there is a good opportunity such as selling in the highest bullish area if it already meets your target and most importantly always keep your psychological mentality and also don't put any greed there.

RockBell

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Quote from: tabas on September 14, 2023, 10:50:20 PM

I have never imagined that this is going to be an easy comparison for how Bitcoin has gone far for being an appreciating asset and how dollar is depreciating. The images that were posted just shows that if you've been a bitcoin believer and held until now, you didn't chose the wrong option but you should be proud of yourself that the quantities that you've been accumulating for a very long time is starting to see the fruits of it. Well, you can reward yourself if you have got that much of Bitcoin and buy that device if you want to, or keep on pushing yourself at the best to keep on holding it until we see another price appreciation which is likely for the next bull run just after the Bitcoin halving.

Bitcoin has developed a name for itself, and in the last few years, those who have been wise enough to invest in bitcoin have realized its value, which is why everyone is finally going into it. And in my own country, bitcoin isn't appreciating; rather, it's becoming more costly, hurting practically everything. A lot of people are bitcoin believer and been that it has played out well in the life of people that have earned from it and they keep encouraging people who are serious minded to also invest. Accumulating is just the best because not every one can buy a single bitcoin due to the amount, and everyone that that have venture into bitcoin have benefited.

Lorence.xD

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Quote from: AbuBhakar on September 16, 2023, 08:54:34 AM

Quote from: komisariatku on September 16, 2023, 08:33:06 AM

Quote from: Blitzboy on September 16, 2023, 05:28:39 AM

Quote from: famososMuertos on September 15, 2023, 04:13:59 PM

It is a classic comparison that works for any asset that growing on time. In fact, the list is long, except that bitcoin has a "millions" percentage, but it is something that can always be done in conjunction with other types of investments.

We cannot "sell" the idea of the price of bitcoin as its strength so that we decide on the right to access it. Then, those same premises that are little talked about are the true principles that should always be promulgated, if people understand the meaning of the premises by which bitcoin became an investment system, payments and a technology capable of breaking old paradigms. financial, it is not necessary to tell you that you could buy much products years ago and that this linear growth will continue and you should buy bitcoin today.

Wasnt it cool? Many merely want the money, or "bling bling," but theres more. Its like saying the worth of a library lies only in the price of its books and not the knowledge within.

Bitcoin's value goes beyond its rising price. Decentralization, technology, and the ability to revolutionize financial systems make it unique. People shouldnt merely see Bitcoin as a moneymaker. It should be seen as a tool to change our money mindset. Its not about "Get rich quick!" but about understanding it. Doesnt the "buy now to be a millionaire in the future" pitch seem meaningless if everyone receives that?

I honestly don't agree with you. I think bitcoin is sexier and in demand because we can get big profits from bitcoin, because the price continues to increase. As you said, ideally a library is judged by the knowledge possessed by the books available there. But if we have read many books and gained knowledge then what is the use of that knowledge? to make money right?

If we return to the original purpose of bitcoin, then bitcoin is a currency for payments that is decentralized and cannot be controlled by anyone. Yes, that is a good vision for bitcoin to have. I think we already understand the vision of bitcoin, and what attracts most people to bitcoin is its ever-increasing price. So, most people dream of becoming a millionaire in bitcoin, and that's the reality

And when people talk about bitcoin, most people will talk about the price.

We can’t deny the fact the it’s volatility is the reason why many user is investing on Bitcoin but those users invest short term basis unlike true Bitcoin holders that invest due to the unique feature of Bitcoin called Blockchain. Bitcoin blockchain is the only real decentralized network since it doesn’t control by group but instead with the community.

I like the idea of people investing on the technology rather than the price increase since this will result to a much more organic price growth and it will continue to grow organically while Bitcoin is being adapted by many.

Bitcoin is actually made to be an alternative currency but due to its volatility, people took advantage from it by doing investment in buying BTC and sell for a profit. But due to its high potential to reach high value in the market especially in the long run, people would tend to hodl more BTC for a higher profits. It's actually healthy to invest in no one's authority cause from its movement you will literally see an organic growth unlike other sht coins where mostly centralized and have a higher volatility and low potential.

YUriy1991

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That true, It's worth it as time goes by But, it's better to keep collecting BTC first and once everything returns to normal maybe you'll get 2 of the current iPhone promo price. Yes. It's just a Marketing strategy on the part of their company and if I look at it, Right now is still the best time to continue accumulating BTC without being affected by issues that could change the initial decision. Yes, BTC came into overtime as the title OP made.

komisariatku

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Quote from: AbuBhakar on September 16, 2023, 08:54:34 AM

Quote from: komisariatku on September 16, 2023, 08:33:06 AM

Quote from: Blitzboy on September 16, 2023, 05:28:39 AM

Quote from: famososMuertos on September 15, 2023, 04:13:59 PM

It is a classic comparison that works for any asset that growing on time. In fact, the list is long, except that bitcoin has a "millions" percentage, but it is something that can always be done in conjunction with other types of investments.

We cannot "sell" the idea of the price of bitcoin as its strength so that we decide on the right to access it. Then, those same premises that are little talked about are the true principles that should always be promulgated, if people understand the meaning of the premises by which bitcoin became an investment system, payments and a technology capable of breaking old paradigms. financial, it is not necessary to tell you that you could buy much products years ago and that this linear growth will continue and you should buy bitcoin today.

Wasnt it cool? Many merely want the money, or "bling bling," but theres more. Its like saying the worth of a library lies only in the price of its books and not the knowledge within.

Bitcoin's value goes beyond its rising price. Decentralization, technology, and the ability to revolutionize financial systems make it unique. People shouldnt merely see Bitcoin as a moneymaker. It should be seen as a tool to change our money mindset. Its not about "Get rich quick!" but about understanding it. Doesnt the "buy now to be a millionaire in the future" pitch seem meaningless if everyone receives that?

I honestly don't agree with you. I think bitcoin is sexier and in demand because we can get big profits from bitcoin, because the price continues to increase. As you said, ideally a library is judged by the knowledge possessed by the books available there. But if we have read many books and gained knowledge then what is the use of that knowledge? to make money right?

If we return to the original purpose of bitcoin, then bitcoin is a currency for payments that is decentralized and cannot be controlled by anyone. Yes, that is a good vision for bitcoin to have. I think we already understand the vision of bitcoin, and what attracts most people to bitcoin is its ever-increasing price. So, most people dream of becoming a millionaire in bitcoin, and that's the reality

And when people talk about bitcoin, most people will talk about the price.

We can’t deny the fact the it’s volatility is the reason why many user is investing on Bitcoin but those users invest short term basis unlike true Bitcoin holders that invest due to the unique feature of Bitcoin called Blockchain. Bitcoin blockchain is the only real decentralized network since it doesn’t control by group but instead with the community.

I like the idea of people investing on the technology rather than the price increase since this will result to a much more organic price growth and it will continue to grow organically while Bitcoin is being adapted by many.

Short-term or long-term investments have the same goal, namely profit. It's just the difference in time and capital, for those who have large capital they can definitely hold bitcoin longer so they can get bigger profits. Meanwhile, those of us with small capital can only invest short term by taking profit of Bitcoin's volatility.

I think the term used is "bitcoin investment" and everywhere the concept of investment is to make a profit. So, apart from the good vision of bitcoin, because it contains profits, people are interested in owning bitcoin. Maybe what I said seems pragmatic, but that's what is happening right now. Just like people buy paintings from famous painters, they store value in the painting, and hope that in the next few years it will be more expensive.

AbuBhakar

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🇵🇭

Quote from: komisariatku on September 16, 2023, 08:33:06 AM

Quote from: Blitzboy on September 16, 2023, 05:28:39 AM

Quote from: famososMuertos on September 15, 2023, 04:13:59 PM

It is a classic comparison that works for any asset that growing on time. In fact, the list is long, except that bitcoin has a "millions" percentage, but it is something that can always be done in conjunction with other types of investments.

We cannot "sell" the idea of the price of bitcoin as its strength so that we decide on the right to access it. Then, those same premises that are little talked about are the true principles that should always be promulgated, if people understand the meaning of the premises by which bitcoin became an investment system, payments and a technology capable of breaking old paradigms. financial, it is not necessary to tell you that you could buy much products years ago and that this linear growth will continue and you should buy bitcoin today.

Wasnt it cool? Many merely want the money, or "bling bling," but theres more. Its like saying the worth of a library lies only in the price of its books and not the knowledge within.

Bitcoin's value goes beyond its rising price. Decentralization, technology, and the ability to revolutionize financial systems make it unique. People shouldnt merely see Bitcoin as a moneymaker. It should be seen as a tool to change our money mindset. Its not about "Get rich quick!" but about understanding it. Doesnt the "buy now to be a millionaire in the future" pitch seem meaningless if everyone receives that?

I honestly don't agree with you. I think bitcoin is sexier and in demand because we can get big profits from bitcoin, because the price continues to increase. As you said, ideally a library is judged by the knowledge possessed by the books available there. But if we have read many books and gained knowledge then what is the use of that knowledge? to make money right?

If we return to the original purpose of bitcoin, then bitcoin is a currency for payments that is decentralized and cannot be controlled by anyone. Yes, that is a good vision for bitcoin to have. I think we already understand the vision of bitcoin, and what attracts most people to bitcoin is its ever-increasing price. So, most people dream of becoming a millionaire in bitcoin, and that's the reality

And when people talk about bitcoin, most people will talk about the price.

We can’t deny the fact the it’s volatility is the reason why many user is investing on Bitcoin but those users invest short term basis unlike true Bitcoin holders that invest due to the unique feature of Bitcoin called Blockchain. Bitcoin blockchain is the only real decentralized network since it doesn’t control by group but instead with the community.

I like the idea of people investing on the technology rather than the price increase since this will result to a much more organic price growth and it will continue to grow organically while Bitcoin is being adapted by many.

komisariatku

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Quote from: Blitzboy on September 16, 2023, 05:28:39 AM

Quote from: famososMuertos on September 15, 2023, 04:13:59 PM

It is a classic comparison that works for any asset that growing on time. In fact, the list is long, except that bitcoin has a "millions" percentage, but it is something that can always be done in conjunction with other types of investments.

We cannot "sell" the idea of the price of bitcoin as its strength so that we decide on the right to access it. Then, those same premises that are little talked about are the true principles that should always be promulgated, if people understand the meaning of the premises by which bitcoin became an investment system, payments and a technology capable of breaking old paradigms. financial, it is not necessary to tell you that you could buy much products years ago and that this linear growth will continue and you should buy bitcoin today.

Wasnt it cool? Many merely want the money, or "bling bling," but theres more. Its like saying the worth of a library lies only in the price of its books and not the knowledge within.

Bitcoin's value goes beyond its rising price. Decentralization, technology, and the ability to revolutionize financial systems make it unique. People shouldnt merely see Bitcoin as a moneymaker. It should be seen as a tool to change our money mindset. Its not about "Get rich quick!" but about understanding it. Doesnt the "buy now to be a millionaire in the future" pitch seem meaningless if everyone receives that?

I honestly don't agree with you. I think bitcoin is sexier and in demand because we can get big profits from bitcoin, because the price continues to increase. As you said, ideally a library is judged by the knowledge possessed by the books available there. But if we have read many books and gained knowledge then what is the use of that knowledge? to make money right?

If we return to the original purpose of bitcoin, then bitcoin is a currency for payments that is decentralized and cannot be controlled by anyone. Yes, that is a good vision for bitcoin to have. I think we already understand the vision of bitcoin, and what attracts most people to bitcoin is its ever-increasing price. So, most people dream of becoming a millionaire in bitcoin, and that's the reality

And when people talk about bitcoin, most people will talk about the price.

Blitzboy

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Quote from: famososMuertos on September 15, 2023, 04:13:59 PM

It is a classic comparison that works for any asset that growing on time. In fact, the list is long, except that bitcoin has a "millions" percentage, but it is something that can always be done in conjunction with other types of investments.

We cannot "sell" the idea of the price of bitcoin as its strength so that we decide on the right to access it. Then, those same premises that are little talked about are the true principles that should always be promulgated, if people understand the meaning of the premises by which bitcoin became an investment system, payments and a technology capable of breaking old paradigms. financial, it is not necessary to tell you that you could buy much products years ago and that this linear growth will continue and you should buy bitcoin today.

Wasnt it cool? Many merely want the money, or "bling bling," but theres more. Its like saying the worth of a library lies only in the price of its books and not the knowledge within.

Bitcoin's value goes beyond its rising price. Decentralization, technology, and the ability to revolutionize financial systems make it unique. People shouldnt merely see Bitcoin as a moneymaker. It should be seen as a tool to change our money mindset. Its not about "Get rich quick!" but about understanding it. Doesnt the "buy now to be a millionaire in the future" pitch seem meaningless if everyone receives that?

Distinctin

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This is a battle between your own personal desire to acquire something like luxuries that will have no value in the future, or making a smart decision to spend your money wisely through investing in bitcoin. If you chose the latter, then you are seeing a better and meaningful life ahead. Aside that bitcoin investment will improve your current finances, that will also a good opportunity to take one step ahead in achieving your life's dreams and goals.

famososMuertos

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It is a classic comparison that works for any asset that growing on time. In fact, the list is long, except that bitcoin has a "millions" percentage, but it is something that can always be done in conjunction with other types of investments.

We cannot "sell" the idea of the price of bitcoin as its strength so that we decide on the right to access it. Then, those same premises that are little talked about are the true principles that should always be promulgated, if people understand the meaning of the premises by which bitcoin became an investment system, payments and a technology capable of breaking old paradigms. financial, it is not necessary to tell you that you could buy much products years ago and that this linear growth will continue and you should buy bitcoin today.

BitcoinPanther

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Quote from: The Cryptovator on September 15, 2023, 03:44:05 PM

How do you believe you would still hold the bitcoins that accumulate at the beginning instead of buying an iPhone. Most likely, we won't hold until now because we have to take advantage of the volatility. Imagine you bought BTC at $5K and sold it at $60K. And when the price drops to $16K, how much Bitcoin will you accumulate?

I highly agree, most of the Bitcoin holder could have sell at one point when they see a clear profit and just buy again when the price goes down. Only a few among those early holder have their BTC intact for a reason like they had forgotten that they hold some or they have too many that selling only a few of it is enough.

Quote from: The Cryptovator on September 15, 2023, 03:44:05 PM

It's a really interesting circle. However, we don't really need to realise the value of Bitcoin by comparing it with an iPhone. The chart is telling us everything; we may see every improvement from the beginning until now.

Price chart? Yes I agree, just by zooming it out can make us see how Bitcoin become valuable overtime.

Quote from: Viscore on September 15, 2023, 03:33:30 PM

Probably the best time to invest in bitcoin not because the market value is down, but perhaps it could be a good preparation for the upcoming bitcoin halving. Also, if we can establish our bitcoin investment this early, at least we can buy the latest iPhone model as easy as that. However, as long as I have my working phone, I won't be tempted to buy iPhone because I just think its price is never reasonable at all.

The best time would be when an investor have the fund and the situation of market is favorable so that the entry point of investment is at a lower price. It is hard to gain profit when we enter at the peak of the price of the current cycle because it will take another cycle to see profit. That is if Bitcoin breaks the ATH.

The Cryptovator

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How do you believe you would still hold the bitcoins that accumulate at the beginning instead of buying an iPhone. Most likely, we won't hold until now because we have to take advantage of the volatility. Imagine you bought BTC at $5K and sold it at $60K. And when the price drops to $16K, how much Bitcoin will you accumulate? It's a really interesting circle. However, we don't really need to realise the value of Bitcoin by comparing it with an iPhone. The chart is telling us everything; we may see every improvement from the beginning until now.

Viscore

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Probably the best time to invest in bitcoin not because the market value is down, but perhaps it could be a good preparation for the upcoming bitcoin halving. Also, if we can establish our bitcoin investment this early, at least we can buy the latest iPhone model as easy as that. However, as long as I have my working phone, I won't be tempted to buy iPhone because I just think its price is never reasonable at all.

Mr.suevie

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Quote from: Texac on September 15, 2023, 08:09:56 AM

Quote from: yazher on September 15, 2023, 07:13:24 AM

This doesn't affect me personally because I consider my old transaction a push in order to have this great success in the crypto industry. if weren't for those transactions we have back then, we wouldn't even talking all these things here or they might even be ignored or forgotten because it won't survive if those transactions never happen. Right now, all I can do is just continue doing the things I want which is buying low and selling high and a little bit of trading as well, in that way I'm still getting some decent amount of income whenever the price gets back to its ATH.

If we laughed at and criticized those who chose iPhones over bitcoin many years ago, we should also laugh at those who sold bitcoins for 1 thousand dollars or Laszlo Hanyecz who spent 10 thousand bitcoins to buy 2 Pizza. we should even regret spending so much in the past because if we had let that money invest in bitcoin we would all have become rich. I've seen so many threads about this meme in recent days that I really find this a pointless and tasteless comparison because the future is unpredictable.

I kinda agree with you because one logic I know about this whole bitcoin creation was that it's first purpose published in the bitcoin white paper was about bitcoin actually being a currency that has come to change the perspective about individual money and third party being involved in all the transaction. So bitcoin is actually supposed to be spent but it's only that the volatility now became an advantage and it's been used as an investment means to actually accumulate more wealth.

AprilioMP

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Quote from: knowngunman on September 13, 2023, 01:55:51 AM

It's inarguable that BTC value has grown immensely overtime and it's one reason to keep accumulating BTC as you can. Apple has just unveiled iPhone 15 which is estimated to cost about 0.031 BTC with the current price. Comparing the price of previous iPhone to bitcoin, you'll see the important of investing in bitcoin than buying assets that depreciate in value overtime.

Coingecko compared the price of bitcoin with Apple smartphone products. It is more suitable to compare the price of bitcoin with local currency so that people understand that bitcoin is an investment asset that has the best value as digital gold.
Additionally, people will understand that buying and holding bitcoin will provide much greater returns than other types of investments — for those who value other investment assets more.

The price graph of fiat currencies such as the dollar has moved downwards, but bitcoin has moved upwards since it was first introduced.

Topic: How valuable BTC has become overtime (Read 534 times)