Price of an iPhone in Bitcoin at their launch over the years.

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Quote from: rhomelmabini on September 30, 2021, 10:47:13 AM

credits to @CryptoManiaks FB page in regards to the image

Imagine if you've invested it in Bitcoin instead of a fad that can be replaced in just a year or even not in the course of a year because another one will be out. An iPhone 4 at that time is most likely the price of what the iPhone X's by now but look how much price depreciation it brought over time, always be good on your decision guys and gals.

Well, not many knows Bitcoin at that time and people tend to spend more on some luxurious things rather than investing into some assets like Bitcoin.
I don't know if that is the nature of most of the people to be satisfied most of the time by buying things that makes them satisfy rather than delayed gratification.

Its a missed opportunity I must say and there is nothing we can do about it. The best thing to do is to balance out everything and prepare for the future. Maybe buy something that you want that will satisfy you and at the same time, invest into some assets. In that way it would be better for you. A win-win situation.

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so meaning in the next few years the price of Iphone will be the campaign signature payment for member ranking in bitcoin paying campaign as 0.0003-6? but of course this cannot be computed because Cellphone is more important each given time while Bitcoin can sit in our wallet without using it, meaning the more we use Iphone the more we progress in daily living while in Bitcoin the more we hold is the more we benefits.

Quote from: Apes on October 29, 2021, 02:30:08 AM

This comparison does not apply to iPhone only, almost all goods and services experience depreciation against BTC every years.
BTC demand growth are rapidly over imagination and growth defeat everything.
back in time people could just dream of the price of BTC going crazy but not tasting when it came true.

In real it is not comparable because phone is base on daily use and bitcoin is based on the longevity of Holding .

FanEagle

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Isn't this normal? I mean why are we even comparing it to iphone? We are talking about bitcoin price going up year after year and that means we are going to have situations where we get to see crypto becoming more expensive and stuff worth a lot less in the long run?

Sure, it doesn't guarantee that bitcoin and other crypto will keep going up, but it does create a situation where we end up with something that will be similar to this in the long run, it will be even less bitcoin in 10 years if they are still making iphones during that period. I really hope that we get something different in 10 years, we haven't had a major difference in the mobile phone world.

I mean sure there are more rams and storages and so forth in the phones now but I just keep feeling that we had that power before but we just didn't use it because companies wanted to sell more phones slow by slow instead of selling the maximum stuff. In any case I believe that bitcoin will always go up, and prices of things only go up based on inflation which won't be as high as what bitcoin goes up.

Apes

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This comparison does not apply to iPhone only, almost all goods and services experience depreciation against BTC every years.
BTC demand growth are rapidly over imagination and growth defeat everything.
back in time people could just dream of the price of BTC going crazy but not tasting when it came true.

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Quote from: crzy on October 25, 2021, 10:07:42 AM

Quote from: Vaskiy on October 05, 2021, 02:21:30 PM

The price of iPhone against bitcoin has grown gradually with time. This shows the progress in the value of bitcoin. I've similar experience buying a mobile. I bought a phone for $150, when the price of bitcoin was close around $2000. If I haven't bought a phone by that time now the same value could've got me the costliest mobile phone by now.

Same with me but I don't have any regrets at all because I'm using my phone now for crypto works and its really helpful to have a good phone and beside iPhone last longer compare to any brand this is already proven and tested by me. No matter how expensive iPhones are many are still buying to have and that's a good branding made by Steve same thing with Bitcoin, Satoshi started this one and even if Bitcoin is more expensive now many new investors are still coming it.

^ That wasn't a "gradual" Bitcoin rise actually. It was a rapid growth.
If you take a look at the illustration made by the OP, from the first iPhone it cost around 2,857 to buy one, and eventually reducing the bitcoin value a huge chunk up to this very moment. Take note, iPhone price is increasing as well as Bitcoin price.

On the other hand, I don't believe iPhone is the most durable phone that the other brands. Durability always depends on the user's hands. I also think iPhone belongs to the luxuries, you're not actually paying for the phone features instead you're paying for the brand.

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Quote from: rahmatrf331 on October 25, 2021, 10:49:24 AM

the price is so crazy that the price can reach 2,857 BTC. what kind of iphone is its high price has reached a high level. it's really a shame to spend that much money just for fun without providing benefits in a productive and even more consumptive way. I wish I had better use these funds to invest in the future because the future is the same as we think today at least it is still spare money when an unexpected accident occurs.

I think this thing is purposely made for people who have a lot of money, and of course they can buy this very expensive thing thanks to hard work or investment in the past. The purpose of someone investing is to make a profit and be able to have what they want to have. so in my opinion using the investment money to invest again without using it at all is not good because it is the same as ignoring one's own happiness.

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the price is so crazy that the price can reach 2,857 BTC. what kind of iphone is its high price has reached a high level. it's really a shame to spend that much money just for fun without providing benefits in a productive and even more consumptive way. I wish I had better use these funds to invest in the future because the future is the same as we think today at least it is still spare money when an unexpected accident occurs.

crzy

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Quote from: Vaskiy on October 05, 2021, 02:21:30 PM

The price of iPhone against bitcoin has grown gradually with time. This shows the progress in the value of bitcoin. I've similar experience buying a mobile. I bought a phone for $150, when the price of bitcoin was close around $2000. If I haven't bought a phone by that time now the same value could've got me the costliest mobile phone by now.

Same with me but I don't have any regrets at all because I'm using my phone now for crypto works and its really helpful to have a good phone and beside iPhone last longer compare to any brand this is already proven and tested by me. No matter how expensive iPhones are many are still buying to have and that's a good branding made by Steve same thing with Bitcoin, Satoshi started this one and even if Bitcoin is more expensive now many new investors are still coming it.

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Quote from: bittraffic on September 30, 2021, 11:51:04 AM

2,857 BTC for iPhone 4. I wonder if someone actually bought using BTC.

Not investing on phones that normally gets obsolete after a year. Thats a good lesson to learn, I'd stay with Samsung that lasted for more than two years now. I wasted $43K since I bought iPhone 7 when it was released and then got broken for approving some IOS updates. Worse is that non can repair it.

Same here mate, I practically don't buy anything fancy especially when it comes to phones that every company produces latest techy phones for almost twice a every year. I always prefer Samsung because it is user-friendly, bought myself a Samsung Galaxy S9+ way back 2017 for almost $1.2k and I still use it today without any defect.

Just imagine if you buy a latest iPhone 13 for 0.02 BTC. Although many can afford it but for me, I prefer to invest that btc instead of spending it just for a latest phone just to fit yourself in a social circle when you already had one phone.

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The last Apple product that I bought is an iPad Air 4 with the magic keyboard attachment, and it costed me almost $1000, and I bought it when bitcoin experienced a crash back to $30k a few months back. If only I knew better, I would have waited for a few months before I spent that $1000 on a gadget, but then again necessity forced me to spend for a new tablet as a replacement to a laptop that already broke for me to continue my side hustles.

Then again, nobody knew the direction bitcoin’s price will take, yet I can’t help but feel some regrets every now and then.

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I can personally attest to this as I once spent somewhere around 1.5 BTC on an iPad mini. I still have it, but it doesn't really work too well anymore considering how old it is. I did get a lot of enjoyment out of it, but I think given the opportunity to redo that trade, I would probably pass today and use the saved Bitcoin to buy a Tesla or spend a year in the Bahamas. Still not even close to the most careless use of Bitcoin I've got in my history, sadly.

This does highlight how literally everything has failed to keep pace with Bitcoin's meteoric rise. Even the most popular consumer device.

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Quote from: Vaskiy on October 05, 2021, 02:21:30 PM

The price of iPhone against bitcoin has grown gradually with time. This shows the progress in the value of bitcoin. I've similar experience buying a mobile. I bought a phone for $150, when the price of bitcoin was close around $2000. If I haven't bought a phone by that time now the same value could've got me the costliest mobile phone by now.

This should be around 2015/16 and after this time the bull of 2017 started. But if you bought phone back then it means you also bought with close to 1 btc Grin

and that is high enough to use on phone then. Maybe you can consider yourself as such.

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Quote from: adaseb on October 04, 2021, 07:35:45 PM

From what most people told me. In certain countries and cultures an iPhone is considered a status symbol. I think in USA, nobody really cares whether you have an iPhone or not. Most teenagers got the latest iPhone pretty much these days.

Pretty much like a norm and besides trend in first world countries seems fast and things like iPhone is sort has a fast diminishing marginal utility too for some individuals.

Quote from: Vaskiy on October 05, 2021, 02:21:30 PM

The price of iPhone against bitcoin has grown gradually with time. This shows the progress in the value of bitcoin. I've similar experience buying a mobile. I bought a phone for $150, when the price of bitcoin was close around $2000. If I haven't bought a phone by that time now the same value could've got me the costliest mobile phone by now.

The thing is, was you really need the phone at that time over Bitcoin? You pretty know much about it but I know there will be hesitation and it takes courage to something that will still be a speculation over something tangible. I guess I'llbdo the thing when I'm on your situation but if somehow we are educated enough over things like Bitcoin and we know how it is revolutionary for the future then we'd do a good trade-off.

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Quote from: rhomelmabini on September 30, 2021, 10:47:13 AM

credits to @CryptoManiaks FB page in regards to the image

Imagine if you've invested it in Bitcoin instead of a fad that can be replaced in just a year or even not in the course of a year because another one will be out. An iPhone 4 at that time is most likely the price of what the iPhone X's by now but look how much price depreciation it brought over time, always be good on your decision guys and gals.

Here in our country, when we hear the word "Iphone" our first expression will like "wow" because for us this thing is very expensive even before the pandemic. Now looking at this image, its very simple yet meaningful. I may not knew crypto during Iphone 4, but around Iphone 6 or 7 I think I am already earning bitcoin which makes me realize now how stupid I was by not holding as many bitcoin as I can during those times. Since bitcoin is not that expensive way back then, it is easier to earn compare today. But I am looking forward that there will be another zero or zeros after the dot (0.002)

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Quote from: FinneysTrueVision on October 04, 2021, 10:50:58 PM

This is an interesting chart and it can be applied to many things. There are things I purchased in the past where I spent a considerable amount of bitcoin which if I had hodled I would have a lot more money now. I do sometimes feel conflicted about spending my BTC because of this but I always justify it by spending it on things I truly find necessary.

If you spend your bitcoin into something you think is essential at that time being, then I believe it is already justified. At some point, we need to spend some of our crypto to augment our needs. And there's nothing wrong with that. Not all of us here have hidden wealth where we can tap when we need it. I just look at the idea that if you spend your crypto wisely, then, it is not wasted.

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The price of iPhone against bitcoin has grown gradually with time. This shows the progress in the value of bitcoin. I've similar experience buying a mobile. I bought a phone for $150, when the price of bitcoin was close around $2000. If I haven't bought a phone by that time now the same value could've got me the costliest mobile phone by now.

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Quote from: adaseb on October 04, 2021, 07:35:45 PM

From what most people told me. In certain countries and cultures an iPhone is considered a status symbol. I think in USA, nobody really cares whether you have an iPhone or not. Most teenagers got the latest iPhone pretty much these days.

However in certain countries, having an iPhones means “you’ve made it”. Yes it sounds stupid but when I got an new iPhone I sold my old one to some guy that was bringing it overseas somewhere. I had a case I wanted to include with the phone and he didn’t want it? Why.

Because my case covered the iPhone logo on the back, saying that in his country you need to “show off the Apple logo”.

Crazy. Kind of like how someone drives an Escalade or Mercedes in USA.

That is because of the price. In some nations dollar is a so highly valued that it comes to few months worth of salary. Just to give an example, in my nation minimum wage is $321, latest iphone pro max is $1100 before taxes.

With taxes it comes down to $2000, I know our tax rate is insanely high and I hate it too, one PS5 costs as much as $900 here. None of these prices makes sense, a nation with such low wage number, a tax rate that is nearly 100% and so forth, in some cases even higher taxes depending on what it is so forth. However, if you do live in a nation like mine, that means if you end up buying the latest iphone, then you paid nearly 6 months worth of minimum wage for it.

For someone who works in USA, that is $15 per hour and it comes down to around 70-75 hours of working, with around 30-40 hours per week, you get it in 2 weeks. Comparing 2 weeks versus 6 months, you can understand why it is a big symbol of richness in some nations. Who would spend 6 months of minimum wage on a phone? Only the rich can.

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Quote from: rhomelmabini on September 30, 2021, 10:47:13 AM

credits to @CryptoManiaks FB page in regards to the image

Imagine if you've invested it in Bitcoin instead of a fad that can be replaced in just a year or even not in the course of a year because another one will be out. An iPhone 4 at that time is most likely the price of what the iPhone X's by now but look how much price depreciation it brought over time, always be good on your decision guys and gals.

This picture shows how bitcoin is actually growing quite rapidly in the world, this factor is what makes some influential people and companies do not want bitcoin to develop and provide a high selling value at this time, imagine that one of our newest iPhones buys no more than 0.02 Bitcoin, this indicates the price of an item is not more valuable than one BTC, so imagine if bitcoin began to be legalized all over the world and became a medium of exchange to buy anything, it is certain that bitcoin will become the source of life that everyone dreams of, so bitcoin continues to be pressured and influenced not to develop, my thoughts like that in understanding bitcoin in general?

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Quote from: FinneysTrueVision on October 04, 2021, 10:50:58 PM

This is an interesting chart and it can be applied to many things. There are things I purchased in the past where I spent a considerable amount of bitcoin which if I had hodled I would have a lot more money now. I do sometimes feel conflicted about spending my BTC because of this but I always justify it by spending it on things I truly find necessary.

We are not thinking much about what we spent before when the bitcoin price is not at more than $10k but when the price rise and reaches more than $20k-$40k, we realize that we already spent so many bitcoins before.
If we still held until now and sold it when the price is high, maybe we would be rich and have a lot of money.
But we can not blame ourselves as many of us have urgent needs to fill our daily lives by selling our bitcoin.
Maybe we can still manage our Bitcoin and not sell because of something that we really do not need so we can still hold and sell it at the highest price.

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This is an interesting chart and it can be applied to many things. There are things I purchased in the past where I spent a considerable amount of bitcoin which if I had hodled I would have a lot more money now. I do sometimes feel conflicted about spending my BTC because of this but I always justify it by spending it on things I truly find necessary.

Topic: Price of an iPhone in Bitcoin at their launch over the years. (Read 325 times)