How valuable BTC has become overtime

Bananington

sr. member

Activity: 1470

Merit: 428

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

hero member

Activity: 910

Merit: 507

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

legendary

Activity: 2044

Merit: 1075

Leading Crypto Sports Betting & Casino Platform

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

hero member

Activity: 2268

Merit: 789

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

legendary

Activity: 3542

Merit: 1352

Cashback 15%

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

sr. member

Activity: 826

Merit: 460

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

sr. member

Activity: 952

Merit: 391

Underestimate- nothing

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

sr. member

Activity: 1624

Merit: 315

Leading Crypto Sports Betting & Casino Platform

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

sr. member

Activity: 882

Merit: 215

#SWGT CERTIK Audited

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

sr. member

Activity: 882

Merit: 457

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

hero member

Activity: 1120

Merit: 554

🇵🇭

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

sr. member

Activity: 882

Merit: 457

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

hero member

Activity: 1316

Merit: 561

Leading Crypto Sports Betting & Casino Platform

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

hero member

Activity: 2926

Merit: 657

No dream is too big and no dreamer is too small

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

legendary

Activity: 1918

Merit: 3047

LE ☮︎ Halving es la purga

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

hero member

Activity: 1918

Merit: 564

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

legendary

Activity: 2394

Merit: 2223

Signature space for rent

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

hero member

Activity: 3178

Merit: 661

Live with peace and enjoy life!

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

sr. member

Activity: 546

Merit: 342

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

sr. member

Activity: 588

Merit: 438

Forum Only For Fun

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.

Marykeller

hero member

Activity: 1064

Merit: 501

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.

BVeyron

hero member

Activity: 1680

Merit: 987

#SWGT CERTIK Audited

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.

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.

Poker Player

legendary

Activity: 1372

Merit: 2017

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

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.

virasog

legendary

Activity: 3136

Merit: 1172

Leading Crypto Sports Betting & Casino Platform

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.

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.

Texac

hero member

Activity: 2086

Merit: 513

DGbet.fun - Crypto Sportsbook

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.

yazher

hero member

Activity: 2268

Merit: 588

You own the pen

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.

Dunamisx

hero member

Activity: 952

Merit: 555

Quote from: Solokan on September 15, 2023, 03:23:24 AM

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.

Quote from: Jateng on September 15, 2023, 04:47:29 AM

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.

DapanasFruit

member

Activity: 1218

Merit: 49

Binance #Smart World Global Token

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.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: Jateng on September 15, 2023, 04:47:29 AM

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.

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.

Jateng

full member

Activity: 1339

Merit: 157

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.

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.

OcTradism

hero member

Activity: 1722

Merit: 801

Quote from: Solokan on September 15, 2023, 03:23:24 AM

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.

Solokan

sr. member

Activity: 616

Merit: 306

Rollbit.com

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.

yhiaali3

legendary

Activity: 1848

Merit: 1982

Fully Regulated Crypto Casino

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$.

fruktik

hero member

Activity: 1148

Merit: 576

Quote from: knowngunman on September 14, 2023, 12:59:41 AM

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.

HONDACD125

sr. member

Activity: 336

Merit: 292

20BET - Premium Casino & Sportsbook

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.
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.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

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.

Bazzu

member

Activity: 476

Merit: 60

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.

Dr.Bitcoin_Strange

hero member

Activity: 770

Merit: 538

Leading Crypto Sports Betting & Casino Platform

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.

CageMabok

hero member

Activity: 1050

Merit: 844

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.
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.

knowngunman

sr. member

Activity: 798

Merit: 364

Quote from: Sarah Azhari on September 13, 2023, 07:05:12 PM

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.

Quote from: Humblevirus on September 13, 2023, 08:39:08 PM

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.

NotATether

legendary

Activity: 1568

Merit: 6660

bitcoincleanup.com / bitmixlist.org

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

sr. member

Activity: 1316

Merit: 422

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

hero member

Activity: 2618

Merit: 548

DGbet.fun - Crypto Sportsbook

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

legendary

Activity: 1358

Merit: 1565

The first decentralized crypto betting platform

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

full member

Activity: 239

Merit: 200

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

sr. member

Activity: 854

Merit: 424

I stand with Ukraine!

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

hero member

Activity: 868

Merit: 737

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

hero member

Activity: 924

Merit: 600

Leo is resting.

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

hero member

Activity: 2814

Merit: 576

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

hero member

Activity: 2156

Merit: 575

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

hero member

Activity: 784

Merit: 672

Top Crypto Casino

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

hero member

Activity: 1498

Merit: 785

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

hero member

Activity: 1470

Merit: 555

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

legendary

Activity: 2058

Merit: 1166

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

hero member

Activity: 1414

Merit: 670

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

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

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

sr. member

Activity: 490

Merit: 279

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

newbie

Activity: 54

Merit: 0

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

legendary

Activity: 1022

Merit: 1341

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(-)

hero member

Activity: 994

Merit: 744

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.

vitya1982

newbie

Activity: 88

Merit: 0

Yeah, I've seen this picture a couple of times already. The funniest thing is that it feels like Bitocin users will prefer Android instead of Apple.

Plaguedeath

hero member

Activity: 854

Merit: 663

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

Actually Bitcoin price is increasing overtime, but there were few years that you see Bitcoin price was dump or the IPhone price was increase e.g. IPhone 13 only cost 0.018 BTC and in the next year IPhone 14 cost 0.042 BTC.

This is because they compare Bitcoin with USD price, not stick in Bitcoin equivalent.

dzungmobile

sr. member

Activity: 854

Merit: 424

I stand with Ukraine!

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)

knowngunman

sr. member

Activity: 798

Merit: 364

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.

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