How valuable BTC has become overtime - page 3.

NotATether

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Quote from: Agbe on September 13, 2023, 06:07:19 AM

personally, I don't like to use Apple Phone because phone battery is not strong enough for my likeness.

I find that strange actually, because these past few years iPhones have one of the best batteries on the market. Certainly much more than old iPhones. Compared to a Samsung phone though, I don't know, because I have not observed usage time of other people long enough.

Quote from: Don Pedro Dinero on September 13, 2023, 11:11:31 PM

Just to point out that it's not just bitcoin that is appreciating, the dollar is also depreciating, and this chart can be applied to whatever your local currency is, most of which are even worse.

Yes, it goes on to show that if you have invested in Bitcoin for a couple cycles and accumulated a sufficient amount of it, you can buy pretty much anything you want now.

Razmirraz

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It is difficult to educate people who are used to spending money to improve their lifestyle just to get branded goods instead of allocating their money to collecting Bitcoin. It cannot be denied that Bitcoin is one of the most profitable investments based on what is seen in the picture, following technological developments to look classier than others is endless, companies will continue to launch new products which make old products fall in price.
Very few people give up buying an iPhone instead of investing in Bitcoin, imagine if at that time there were people who bought Bitcoin instead of an iPhone 4s, they would make extraordinary profits if they sold it now.

n0ne

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The image shows how bitcoin have turned valueable over time. The highest price of bitcoin during the year 2011 was around $4 and considering $2.5 as average the iPhone 4S could've costed something around $400. The present value of those 162BTC similar to $400 of 2011 is around $4.25 million in today's price of bitcoin. This could be very high when calculated against the ath price of bitcoin. Same time the amount $400 of 2011 have got the purchasing power worth of about $545. Thats really great with bitcoin compared to USD.

Don Pedro Dinero

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To the image of the OP I think we have to add this one:

(Source: https://www.visualcapitalist.com/purchasing-power-of-the-u-s-dollar-over-time/)

Just to point out that it's not just bitcoin that is appreciating, the dollar is also depreciating, and this chart can be applied to whatever your local currency is, most of which are even worse.

So, if bitcoin appreciates, although over time the rate of appreciation is slower, and your currency depreciates, the conclusion is clear: buy and hold bitcoin.

Humblevirus

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I have seen like three threads like this trying to compare how someone's money should have grown if they had invested it in Bitcoin rather than the iPhone. and now again, the iPhone 15 is on the market. It is better for someone to invest than to just buy things that will not earn a profit in the future, especially things that will even continue losing value.

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.

dzungmobile

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Quote from: mv1986 on September 13, 2023, 12:08:36 PM

I think the funniest meme will always be the pizza meme because it's easily understood and also funny because it's food and however long it took that person to eat the pizza, one can put themselves in the shoes of the pizza buyer and think about every bite he took back then and how much it cost him to chew those bites. Cheesy

It is over exaggeration from outsiders, I view it like this.

Like we can not say 20 years ago, I drunk a cup of coffee at $1 and today I am drinking it at the cost of $5 or $10. It is a context of pizza for bitcoins story and if I had been laszlo, have many bitcoins back in the day, I would feel felt very happy for that trade too.

Having a smart phone 13 to 15 years ago is different than now but we can not say who bought a smart phone in 2007 or 2010 was stupid, overpaid.

Sarah Azhari

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

you'll see the important of investing in bitcoin than buying assets that depreciate in value overtime.

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.

GiftedMAN

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Funny how people will still rush to complain about the high cost of living in the economy yet they are busy ordering iphone15 that won't necessarily give them money in return after using it for sometime until it starts depreciating, regardless of the fact that Bitcoin has not enjoyed a stable price due to it's velotility I think it's really wise if one should consider using the money spent on the newly released iphone15 to consider investing in Bitcoin knowing that the profit may take longer time but it is certainly going to be more rewarding and profitable in future unlike the phone which may depreciate, get spoilt and lose value once it has been used for few months. On the other hand, I think a lot of people choose luxury and buying expensive phones due to their kind of business some may consider investing on Bitcoin as a waste of time and money since they believe they can make use of their phone to run their business andake more profit within a short time other than investing on Bitcoin when they don't know when it will be due for profit.

Kasabus

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Quote from: ajiz138 on September 13, 2023, 01:47:04 PM

Maybe one day the latest Apple price will be 0.003. LOL
Turns out there are 3 different but similar threads discussing Apple 15 and Bitcoin.

Currently I'm not with the newly released Apple 15, I glanced at several videos about the Apple 15 review, of course this Apple attracts a lot of attention, especially for those who like cellphones, I don't really care what the cellphone has now, it's quite better and it works.

If you have another question, do you want to buy Apple or Bitcoin?

I answer: Bitcoin Tongue

This proves that bitcoin’s value had definitely skyrocketed in time. So just imagine if instead of buying them an iPhone, you chose to accumulate them overtime, then you could have bought a lot of property by now because of the highly expensive price of bitcoin. At least you’d know that property’s value won’t depreciate in the long run, unlike an iPhone that gets to decrease its value overtime.

Captain Corporate

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I would say this is more about apple than bitcoin as well. They have made a product, and been doing the same thing over years and years. For example, I am sure that they are going to make billions of dollars in income from iPhone 15, but why? Like what does that have which 14 can't give you? What are you going to use 15 that you can't use 14 for? I will tell you why, its going to be a symbol, a brand, "I have the latest iPhone", nothing more. That is why people will buy, and its not just a few people, I mean billions of dollars, with a phone that worths a thousand, so think about how many people that is. Its absurd, obviously bitcoin should be capable of passing such lazy product.

SamReomo

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

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.

If someone was smart enough to hold that many BTC then that person could buy more than 5225 iPhone 15 in todays date, but there are only few people who really hold more than that amount in Bitcoin and they aren't interested in Apple devices. iPhone is just an example we can compare that rate to many other things and the answer would be similar because the ones who hold their Bitcoin don't really spend them on things like iPhone or anything else.

Only few people knew that Bitcoin could grow so high in value after a decade and that's why creating threads like this doesn't really make much sense to me. But, if someone really invested in Bitcoin even after 2015's then that person would be a millionaire this day if he/she has hold his/her Bitcoin till this day. I agree with the final part of the thread if someone hasn't invested in Bitcoin till this day then that person should start investing in it with further delay.

ajiz138

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Maybe one day the latest Apple price will be 0.003. LOL
Turns out there are 3 different but similar threads discussing Apple 15 and Bitcoin.

Currently I'm not with the newly released Apple 15, I glanced at several videos about the Apple 15 review, of course this Apple attracts a lot of attention, especially for those who like cellphones, I don't really care what the cellphone has now, it's quite better and it works.

If you have another question, do you want to buy Apple or Bitcoin?

I answer: Bitcoin Tongue

bayu7adi

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dont be greedy

Quote from: ZAINmalik75 on September 13, 2023, 11:56:37 AM

You are right; BTC is a great asset that provides a hedge against inflation. And we all should adopt it, but still, there are many hurdles and confusion among people. Even so, I have seen people who know a lot about BTC and the crypto world but are afraid to invest in it. They can save their assets in fiat and store them in banks, so the banks can use their assets for their own purposes. But they cannot bear to convert those savings into BTC.

Everyone's level of self-confidence varies, and whatever decisions they make, we should respect them. This is a matter of finances, where the responsibility for one's financial condition lies with the individual. In other words, even if you advocate that Bitcoin is superior to traditional banks, you cannot be held accountable for those with weak hands; it's not a solution, is it?

Influencing others' decisions to join us, yet not taking responsibility for their financial well-being, makes us appear callous.

Let Bitcoin attract its own true investors. Those who purchase Bitcoin should ideally be individuals ready to face the risks and stand proudly with Bitcoin, even if their goals aren't met. While history shows periodic price increases, the future offers no guarantees.

mv1986

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Quote from: dzungmobile on September 13, 2023, 02:01:59 AM

It is more like a meme, funny but I doubt that it will be marked deeply in mind of any people.

Rather than finding fun with memes, you can read insightful book about Bitcoin.

The bullish case for Bitcoin (Book versions on Amazon)
The bullish case for Bitcoin (Medium)

This is a good point as you can essentially apply that price increase to almost any good and you could of course make it much funnier than measuring it in iPhones. Imagine you would make it in terms of rice. A metric ton is around $500, which means you could buy 50 tons of rice today with 1 Bitcoin whereas in its very early days you would just have gotten a few kilograms for 1 Bitcoin.

I think the funniest meme will always be the pizza meme because it's easily understood and also funny because it's food and however long it took that person to eat the pizza, one can put themselves in the shoes of the pizza buyer and think about every bite he took back then and how much it cost him to chew those bites. Cheesy

ZAINmalik75

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You are right; BTC is a great asset that provides a hedge against inflation. And we all should adopt it, but still, there are many hurdles and confusion among people. Even so, I have seen people who know a lot about BTC and the crypto world but are afraid to invest in it. They can save their assets in fiat and store them in banks, so the banks can use their assets for their own purposes. But they cannot bear to convert those savings into BTC.

While they will be the only ones who have full control over the savings funds, No other entity could use your funds for their own personal benefits. You will be the only one who has full control over your assets. But no, people trust banks more. And the best side is that by keeping funds in fiat and storing them in banks, we are also making losses. because, due to inflation, the value of those funds is decreasing day by day.

But if we had stored those funds in the form of BTC, then we would have had huge profits, and the value of the BTC we had stored would be higher too.

traderethereum

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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. 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.

Even if you start investing in Bitcoin now, you will still need time to collect 0.031 BTC to buy an iPhone 15.
It's better for you to focus on collecting more BTC rather than just buying an iPhone 15 because, in the future, the iPhone 15 may be obsolete and replaced by a more sophisticated smartphone.
With the price of bitcoin increasing, it can make us buy even more expensive things, but on the condition that we already have a lot of bitcoin.
Having bitcoins for now is more valuable so we should be able to collect more bitcoins.

Bureau

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After watching the comparison, I went ahead and checked what was the price of the iPhone back in 2011. The 64 GB version had a price of $399, this was what was what they call now as iPhone Pro Max. The newly launched iPhone Pro Max in 2023 has a price of $1,199 in the US. So after 12 years, it came around to an annual inflation rate of 16.7%. Whereas Bitcoin as we all know inflation is not an issue with Bitcoin as seen in the chart posted by the OP.

I am wondering now what will happen after the next halving. Next year iPhone will again launch a newer version and that might well cost less than the present one. BTW, the new version has a powerful chip that you can play games that need a console. This is the first batch of iPhones that will have, Made in India marking on them.

dr.hopkins

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I get what you're saying about Bitcoin being a smart investment, but don't forget, iPhones are pretty cool too! It's all about finding the right balance between tech gadgets and crypto portfolios. Who knows, maybe one day we'll be buying iPhones with Bitcoin without even thinking twice

Agbe

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Those who are buying and using Apple Phone are the one promoting the product. personally, I don't like to use Apple Phone because phone battery is not strong enough for my likeness. though it is a quality product but the battery is too weak for me to use. I don't use quality but strong product of both the panels and the battery. And I don't why people are always emphasizing the risk of bitcoin. One thing I believe in life is, nothing is risk free but how to manage and maintain the risk is the most important thing. Investing in bitcoin is always the best than materialism.

Hyphen(-)

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Quote from: Plaguedeath on September 13, 2023, 02:07:59 AM

Someone already create a same discussion few hours ago How much Bitcoin is needed to buy iPhone 15?

More to this, CryptopreneurBrainboss has advices us with a thread talking about this same meme, Ignore the new Apple toys & Invest in Bitcoin, history always repeat itself.

The overall thread is attempting to inform us of the importance of Bitcoin in comparison to all of these Apple phones that will lose value while in use; the phone will never increase in value; once you buy the phone, the value has begun to drop; instead, you should use the money to buy and hold Bitcoin because its value will surely increase with time.

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