Pages:
Author

Topic: How valuable BTC has become overtime - page 2. (Read 534 times)

hero member
Activity: 1064
Merit: 501
September 15, 2023, 02:17:15 PM
#44
We now expect to see a brand-new iPhone from the Apple store each year. The craziest part is that every iPhone that was released was given the same amount of attention as the iPhone 15 is receiving right now. The same Apple will still release a new iPhone the following year, and the just-released iPhone 15 won't be mentioned or remembered.

People in all of these situations who buys iPhone refuse to see that the iPhone they are purchasing is merely a liability and does nothing to improve their financial situation. If they had purchased shares or bitcoin, their value would have increased over time, and they could still utilize the money they acquired from investing in bitcoin to purchase any iPhone they desired.
hero member
Activity: 1680
Merit: 987
#SWGT CERTIK Audited
September 15, 2023, 11:49:44 AM
#43
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. Of course, the risk of investing in bitcoin can not be overlooked just like any other investment but the bitcoin risk is worth taking.

Imagine holding the BTC that you used to buy iPhone 4s till the present day and see the number of iPhone 15 you can acquire with it. If you have not started investing in bitcoin, this is the right time to start.

That's right, btc has really flown to the moon since the times of iPhone 4... The only problem is that most people sold it on the way, which maybe was the core thing in such price rise. Trading process and price dynamics are often strongly depend on those people who sell some assets. Moreover, a "secret" investor could appear during these years, most probably global fiat banks invested into this industry, since btc is a novel digital financial project, exactly what banks need these days, since all the banks experience troubles with bigdata maintenance.
legendary
Activity: 1372
Merit: 2017
September 15, 2023, 10:12:33 AM
#42
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 wouldn't laugh at any of those cases, in the end I think that almost everyone on the forum has spent or sold bitcoin at some point, and most of them do it regularly, when they get paid from signature campaigns, for example.

The important thing is to have a net accumulation balance as the cycles pass.

The ones I do make fun of are those Bitcoin haters today who bought high and sold in panic in the face of a drop in a previous cycle, thinking that the price was going to 0, that Bitcoin is a scam, a Ponzi scheme and things like that, and that today, instead of recognizing their mistake they continue to criticize Bitcoin and say that it is a Ponzi scheme, wishing that this would happen as a way to demonstrate that they were not wrong by selling at a much cheaper price than the current one.
legendary
Activity: 3136
Merit: 1172
Leading Crypto Sports Betting & Casino Platform
September 15, 2023, 08:15:33 AM
#41
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.

We cannot blame those who sold 10,000 bitcoins for 2 pizza because at that time no one knew that the bitcoin price would be that high in the future.
If people knew at that time, no one would have sold their bitcoins when it was so cheap. Anyways, that's history but now we know that bitcoin will become more valuable in future, so our focus should be to accumulate as many more bitcoins as possible.

Previously those people did not have the data but now we have the data from the last 10 years, and we know that the price has overall increased over the period of time.
hero member
Activity: 2086
Merit: 513
DGbet.fun - Crypto Sportsbook
September 15, 2023, 08:09:56 AM
#40
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.
hero member
Activity: 2268
Merit: 588
You own the pen
September 15, 2023, 07:13:24 AM
#39
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.
hero member
Activity: 952
Merit: 555
September 15, 2023, 06:03:11 AM
#38
162 BTC is certainly worth a lot now. In the past, many people thought that BTC would not be worth this much, and I think if they knew about the current price of BTC, I think they definitely would not have sold it in the past

Those that have sold in the past even have more better chances or would have earned an opportunity with the one they once invested and hold before they sell, not everyone could actually maintain holding ever since then to this time but few, the category of those it will pain most are those who failed to invest then when things were as easy, cheap and affordable, but in bitcoin, there's never a time too late to join only if they can invest and hold rather than wasting time and efforts on other things of no value.

Snipped

Should incase of next time, you can learn to always edit an image and resize it to more smaller size to make it look better and allow your words on comment have a visual look.
member
Activity: 1218
Merit: 49
Binance #Smart World Global Token
September 15, 2023, 05:24:42 AM
#37


I am sure that many people who are always on the lookout for the latest offer coming from Apple should be looking at this so they will realize that buying a new iPhone is actually an expense rather than an investment as its value will surely be going down as time goes on unlike with Bitcoin with its deflationary nature. Of course, since it is their money it is one freedom they can always explore.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
September 15, 2023, 05:01:14 AM
#36
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.
It would be amazing to have invested in Bitcoin years ago, held it and witnessed its incredible development. I Think Those who did today may buy more than 5k iPhone 15s or many other priceless items. It is true though, that the majority of long term Bitcoin owners choose to use their currency to store value rather than buy items like iPhones. Such talks are largely pointless because it was extremely difficult to predict Bitcoin stratospheric rise a decade ago. But it's never too late to start investing in Bitcoin because it will likely continue to grow in value.
It's our advantage if we can save a lot of Bitcoin, especially since many people have been doing it for a long time. Those who have a lot of Bitcoin can buy other valuable items now, especially when the Bitcoin price can return to its last ATH or even exceed its last ATH.

And that is also the reason many people invest in Bitcoin. They want to get big profits from their investments and not just buy valuable items. And if they have obtained large profits, they can overcome their financial difficulties well.

1 Bitcoin can buy many valuable things so we should be able to have more than 1 Bitcoin. And fortunately, we still have time to own lots of Bitcoin. So we should use this time to start increasing the number of Bitcoins.
full member
Activity: 1339
Merit: 157
September 15, 2023, 04:47:29 AM
#35
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.


It would be amazing to have invested in Bitcoin years ago, held it and witnessed its incredible development. I Think Those who did today may buy more than 5k iPhone 15s or many other priceless items. It is true though, that the majority of long term Bitcoin owners choose to use their currency to store value rather than buy items like iPhones. Such talks are largely pointless because it was extremely difficult to predict Bitcoin stratospheric rise a decade ago. But it's never too late to start investing in Bitcoin because it will likely continue to grow in value.
hero member
Activity: 1722
Merit: 801
September 15, 2023, 03:37:54 AM
#34
162 BTC is certainly worth a lot now. In the past, many people thought that BTC would not be worth this much, and I think if they knew about the current price of BTC, I think they definitely would not have sold it in the past, so the lesson we can learn is that we should not miss the train and don't let there be regrets in the future if we don't have BTC.
In the past, risk is bigger than now and let's revert the time and imagine of a different story. If Bitcoin rose to $10 and dropped to $0 like many altcoins, people who spent their bitcoins for pizzas, watches, iPhone would feel they made good decisions. People who hold bitcoins, did not sell would feel they made bad mistakes.

Quote
In my personal opinion, yes, even though investing in BTC is very risky, it would be better to invest in BTC than not.
Because you see risk is smaller than chance to have profit with investment in bitcoin. You are ready to accept risk by seeing chance to get profit is better. Other people think differently than you and see risk is bigger than chance to get profit, they will not invest.

Personal thinking and individual choice, we can not judge who is right and who is wrong because we don't know how Bitcoin will be in future.
sr. member
Activity: 616
Merit: 306
Rollbit.com
September 15, 2023, 03:23:24 AM
#33
162 BTC is certainly worth a lot now. In the past, many people thought that BTC would not be worth this much, and I think if they knew about the current price of BTC, I think they definitely would not have sold it in the past, so the lesson we can learn is that we should not miss the train and don't let there be regrets in the future if we don't have BTC. In my personal opinion, yes, even though investing in BTC is very risky, it would be better to invest in BTC than not. but in my opinion we have to be careful when investing in BTC because the price of BTC is difficult to predict. But we also shouldn't force people to invest in BTC, because everyone has their own way. Yes, as a BTC investor I hope that in the future the BTC price will be $1000000 and will say that the current BTC price is cheap.
legendary
Activity: 1848
Merit: 1982
Fully Regulated Crypto Casino
September 15, 2023, 12:31:24 AM
#32
Everyone is talking now that if I had HOLD Bitcoin at that time, I could have bought a house in Hollywood. Not only an iPhone15, but only a few people thought at that time that I should HOLD Bitcoin.

If we had owned 162BTC at that time in 2011, we probably would not have HOLD it that long until today, because the vast majority would have been sold at the first Bitcoin spike.

This is what is happening today as well. Despite these great lessons in front of us, you will find many people selling immediately when Bitcoin rises to 30-40K$.
hero member
Activity: 1148
Merit: 576
September 15, 2023, 12:06:37 AM
#31
Not only electronics gadgets are affected with this price depreciation but the truth is that they're the most affected despite the fact. Phone brands entirely are found of exploiting user's hard earned with their subsequent launching of phones on a month or year interval. Funny enough, these phones are almost similar with little changes in operating system or design but since human wants to be associated with anything latest, we rush to buy it and sell it at depreciated price when new version is launch again so we can get it.
Not the best investment in phones, in my opinion. There are much better options than this. How can an iPhone make a profit over time? There is no such process, and therefore this is a loss-making acquisition.
Why are people so eager to get the latest model of these devices? What do they want to show with this? What can they afford? I understand when bloggers do this. They need to review it.
Well, humanity... How can you live so recklessly? We would help other people rather than waste money on such trinkets.
sr. member
Activity: 336
Merit: 292
20BET - Premium Casino & Sportsbook
September 14, 2023, 11:56:47 PM
#30
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. Of course, the risk of investing in bitcoin can not be overlooked just like any other investment but the bitcoin risk is worth taking.
This image below was taking from Coingecko comparing BTC needed to buy iPhone over the years.


Imagine holding the BTC that you used to buy iPhone 4s till the present day and see the number of iPhone 15 you can acquire with it. If you have not started investing in bitcoin, this is the right time to start.

There is no denying that Bitcoin is a good investment option and many people who have invested in Bitcoin have made good profits. For those who invested in Bitcoin at the beginning of its existence, you and I cannot even imagine how much profit they must have made. Of course, those with capital should keep buying Bitcoin, and now is the best time to invest, as the current price of Bitcoin has fallen.

The chart you provided comparing the first iPhone and the current iPhone with Bitcoin clearly shows that Bitcoin is a much better investment than any other investment. Wherever we invest there is a risk of loss as well as profit. All types of investment have risks but in my opinion Bitcoin investment is the most reliable and safe. The current price may seem high to some, but the value of Bitcoin is always going up, and anyone who has capital should invest in Bitcoin, and hold it for a long time. Its value is always increasing, because everything is clearly visible in your given graph, and there is no room for doubt.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
September 14, 2023, 10:50:20 PM
#29
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.
member
Activity: 476
Merit: 60
September 14, 2023, 10:10:54 PM
#28
This op is a good topic which of course tells about the journey of BTC prices from time to time which continues to increase, and is very lucky for people who currently still hold BTC and bought it in the past when BTC prices were cheap like in 2010. However, if We are interested in investing in BTC now, it's not too late because the price of BTC is still cheap. but what is clear is that sometimes someone is afraid to invest in BTC because the price is so high. So the point is that if you invest in BTC you have to be prepared for the risks and you have to be full of calculations.
hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
September 14, 2023, 07:27:34 PM
#27
Like I said in my other comment, although this might have just been illustrated with iPhones alone, it could have been other phones or mobile devices that were sold for a lot of money back then, which could have been used to purchase 100s of bitcoins then that are now worth a fortune 💰💰💰. So, this is just a lesson that we should learn from, believing that in the future the value of Bitcoin will still increase and the iPhone company will still have some of the latest iPhones, for which you will still need a lesser fraction of Bitcoin to purchase them. It's better to invest in Bitcoin than to spend about $1k on an iPhone. I'm not saying it's bad to buy an iPhone. Nope! Go for it if you can afford it and can still afford to invest in Bitcoin, but if you are only buying the phone without thinking of investing in Bitcoin, then the picture of the OP can be a guide for what the future might look like, with continued production of new iPhones and also the continuous increase in the value of Bitcoin.
hero member
Activity: 1050
Merit: 844
September 14, 2023, 01:35:45 AM
#26
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. Of course, the risk of investing in bitcoin can not be overlooked just like any other investment but the bitcoin risk is worth taking.
This image below was taking from Coingecko comparing BTC needed to buy iPhone over the years.

Previously I had never compared the value of Bitcoin with any device, including devices like the iPhone. But when you reviewed this here, I was also surprised that in 2021 you only needed 0.018 BTC if you wanted to get an iPhone 13, which in that year was the highest series for the iPhone. So there is a slight difference between the price of an iPhone in 2021 and the price of an iPhone this year with a different series, but this is only due to the influence of the current value or price of Bitcoin.

Quote
Imagine holding the BTC that you used to buy iPhone 4s till the present day and see the number of iPhone 15 you can acquire with it. If you have not started investing in bitcoin, this is the right time to start.
It does look amazing, but it feels very boring to keep updating a device like the iPhone every year, even though in each series there are slight updates to the features and specs in it. And it is possible that next year there will also be differences again when the price of Bitcoin starts to increase because it will continue to be adjusted to the value in Bitcoin.
sr. member
Activity: 798
Merit: 364
September 14, 2023, 12:59:41 AM
#25
I just remember buying an iPhone 13 at $1000 in 2022 and selling it at $750 3 months ago. yes, the value of electronics always decreases over time because of upgrading a new one. consumers will always lose and get nothing when buying these needs. So, with $750, I buy bitcoin and got a profit when sold it on the next month. Actually, a cheap cellphone (Android at $250) is sufficient for our needs, Bought iPhone is just for style which can be covered by only a cheap phones.

Not only electronics gadgets are affected with this price depreciation but the truth is that they're the most affected despite the fact. Phone brands entirely are found of exploiting user's hard earned with their subsequent launching of phones on a month or year interval. Funny enough, these phones are almost similar with little changes in operating system or design but since human wants to be associated with anything latest, we rush to buy it and sell it at depreciated price when new version is launch again so we can get it.

But there is nothing bad for someone to continue buying the new iPhone that comes out when they have the money because we work for the money to always comfort ourselves and make ourselves happy, so it is necessary to spend money on things that will make you happy when you have the money because money is made to be spent and we can't just continue making money without spending it,but the truth is that when someone doesn't have enough money, it will be better to invest in something like Bitcoin than buying an iPhone just to satisfy people.

I understand your point perfectly. It's actually good to spend more money on yourself and the things that gives you joy but only when you already made more money. The bitter truth is that some people will struggle to get this latest version of phones while they struggle hard to feed or pay for their accommodation. I have seen some people using those phones and they can not even afford to do monthly data subscription and I wonder if it's compulsory to feel among when you know you're beneath. What's the essence of using expensive phone when your life is not expensive? Your savings and investment should be more expensive rather than your phone.
Pages:
Jump to: