Bitcoin Forum

I've noticed a topic (https://bitcointalk.org/index.php?topic=5466585.msg62836124#msg62836124) in the Bitcoin discussion. I was encouraged by reading the Topic, I thought if anyone would benefit financially from me. Instead of buying an iPhone, if one invests in Bitcoin, his future will be bright.  Now if someone invests in Bitcoin with the same amount of money to buy an iPhone, it is expected that in 2-4 years he will be able to buy 1 iPhone with the investment profit. Also, Bitcoin halving in 2024, investment during this time can be very profitable. With that in mind, I suggested buying bitcoins instead of buying iPhones in my local thread. I searched among my friends to see if anyone would buy an iPhone, finally one of my close friends lives in my country's capital. Working in a good company and getting salary of $500 per month. Buying that friend's iPhone is easy. He came to visit my house a few days ago. My friend had a $200 normal phone, one time I talked to him he said he was going to buy an iPhone 15. I can't knowingly recommend my friend to buy an iPhone. I got good knowledge about Bitcoin, I suggested my friend to invest in Bitcoin thinking about his future development. Given all the ideas about Bitcoin, my friend at one point decided to invest in Bitcoin instead of buying an iPhone. Suggested my friend to invest in Bitcoin by following DCA. My friend bought $200 worth of bitcoins for the first time. It will try to gradually increase its investment growth.

Mention this from the thread I posted to your friend. How much Bitcoin is needed to buy iPhone 15? (https://bitcointalk.org/index.php?topic=5466598.msg62836846#msg62836846)
Improving each individual's finances requires many factors to evaluate. With close friends, we can easily talk about opportunities to develop ourselves more. I also said to a close friend that he was feeling poor? And of course we understand the poverty of knowledge, spirit, and material,... thereby rebuilding the most basic things. I don't like talking about an opportunity without understanding its nature, that doesn't guarantee sustainability.

The journey to a goal requires a beginning and perseverance. Here I see that beginning and hope everyone keeps that fire to have better opportunities in life.

Firstly, I suggest moving your topic to the Bitcoin discussion section since it pertains to the idea of investing in Bitcoin.

I understand that the concept of investing in Bitcoin instead of purchasing the latest iPhone has been discussed several times on the forum, but it remains sound advice. This doesn't mean you shouldn't buy an iPhone, but it's worth considering the potential profit from investing the same money in Bitcoin. Buying an iPhone locks your funds into a fixed asset, which, over time, will depreciate as new designs emerge in the market. On the other hand, investing in Bitcoin, especially given the expectation of an upcoming bull run, can yield higher profits. We should all strive to make intelligent choices that can safeguard our financial future.

Isn't it depend on the person?

I'm a typical person who will save as much as I can and invest in an asset that I trust, which is Bitcoin.

But I have a friend who like to spend most of his salary to buy anything to fulfill his desire e.g. buy a coffee every morning, hangout every week, going to concert every month etc.

I did ask my friend, "Don't you think such money is better for saving to prevent from worst situation could happen?"

Then my friend answer my question, "I'm happy with that (living by paycheck to paycheck) because we only live in this world once and when we die we won't able to bring our money in heaven."

Honestly I can argue with him because I don't agree with such thought, but if I win, what I get? nothing and it just make my friend become worse because he's not happy to follow my lifestyle.

You want me to say that I am not a fan of i iPhone, because I like using the Android operating system more than iOS operating system. In this case, from my point of view, the price of iPhone 15 will go above 800 dollars, in that case, I think if this money can be invested now, in the next bull run, I think this money is likely to triple.
Because in the last bull run, Bitcoin touched around 69k dollars, and now if you see the current price around 28k USD. However, no one can guarantee when the price of Bitcoin will increase or when the bull run will start. But if you check the past history, it will be seen that the bull run started immediately after the bitcoin halving. And Bitcoin halving is very close now you suggested to your friend and he accepted it, I think it is a very good job. Hope your friend can buy iphones with his profit in the next bull run.O0

This is a great thinking of a person who looks into his future. Everything always starts small and any investment of $ 100 now can turn into a profit of $ 1000 tomorrow. When bitcoin fell after it was $60,000, I remember reading the news that a married couple decided to buy it at such a cheap price and sold their house for it.

https://www.thenationalnews.com/business/money/2021/08/17/this-family-sold-everything-they-owned-to-invest-in-bitcoin-when-it-was-900/

In fact, there are a lot of such stories and often people around do not understand and laugh at such people, but the fact is that it will still be above $ 60,000, and it will grow to 100,000.

I think it depends on the priority and use case because who will use investment money just to purchase an iphone? It’s not bad to purchase gadget if you need it and you have money for it. It’s not necessary to invest every penny of your money on Bitcoin and leave all your necessities to make your life enjoyable.

What if you die tomorrow while you put all your money on Bitcoin? You need to balance it to have a happy life currently and prepare in the future by properly splitting your capital in different type expenses and investments.

BTC doesn't make your life bright, you can live a good life without ever usng BTC, to live a better life and have a good future, you simply need to work hard, be financially responsible and try to increase your income; and you can do all of these without using BTC. Take note that BTC is volatile, and people also lose money when they use it as an investment.
You are not so sure of that, because you cannot tell what is going to happen in the future. When people who don't know what they are doing buy BTC, they can also expose their keys or seed phrase and lose it, or store it in an online device ad lose it, you can't tell what the state of ones coins would be in the future. Take note that there is also nothing wrong in buying whatsoever you like, and if it is an iphone, go for it, as long as you have the money to get it.
Giving financial advise is a risky thing to do, be careful with how you do that.

Exactly, I don't think anyone will use investment money to buy an iPhone or anyone will use daily spending money to buy a new iPhone. I believe that each person will have their own spending plan and it is normal for them to buy necessary things for their needs. I don't understand why there are so many topics discussing iPhones and bitcoin investments when they are two completely different things. If we think buying a new phone is a waste, then it's best to limit our daily meals, limit the purchase of necessary items and put it all into bitcoin.

It's the weekend and I took my kids out after a stressful week at school and it cost me quite a bit of money, would it be better if I kept my children at home and used that money to invest in bitcoin? If we cannot balance our lives, then if we pour all our money into bitcoin, life will become meaningless and investing in bitcoin will become a crime rather than bringing us a better life.

OP, so do I need to sell my computer and phone to invest in bitcoin when you think buying a phone is a waste?  furthermore, what is your goal of investing in bitcoin, do you want a better life or are you just trying to stop using it all to invest in bitcoin?  I believe that most people who buy iphones are people with good income and they also have profitable investments and huge savings.  only some braggart young people would sacrifice important things in exchange for a new iPhone.

One more thing, you can know if there are any devices that increase in value the more you use them, computers, phones, washing machines, refrigerators, air conditioners...they are all serving us every day and I won't call them devalued but we are paying every day for them to serve us.

Different people have different interests and needs. If you love luxury stuffs, you won't stop to buy them because your life looks more boring at least in your thinking, without those luxury stuffs.

In addition, iPhone can be a luxury stuff with me or you but with some people, it's not kind of luxury thing as they are rich enough to buy one iPhone. They even can use money to invest in Bitcoin but still can manage to buy an iPhone. If they can do it, it's not financially wrong by buying an iPhone to use and enjoy life.

Your advise is true if a person is poor but want to make a loan for buying an iPhone. It is true with those people, they are doing something bad and very unnecessary spending in their life while they can use the same money for more important stuffs. Learning a course to improve their skills to have better jobs, become more competitive when applying for a job. Using it for investment like in Bitcoin. Using that money for emergency. All those spending types are more meaningful and helpful for them than an iPhone.

Buying bitcoin is not enough. The rest must be holding it in a safe and secure wallet because if you lose bitcoin after buying it a few days, it's won't help you to get richer or have a brighter future.

Reminder: do not keep your money in online accounts (https://bitcointalk.org/index.php?topic=5421039.0).

Well, it's hard to say whether steering someone towards buying a particular item and recommending Bitcoin is the right choice or not. I often see content creators on YouTube prioritizing their devices to enhance their video production capabilities on their smartphones. They buy iPhones out of necessity for their work, not just to make a fashion statement.

The average iPhone user tends to have the financial means to easily spend $1000, and for some wealthy individuals, they can recoup that amount within a day. So, it's not a matter of blindly advocating for Bitcoin without considering other opportunities. Let's be honest, everyone has their preferences and priorities.

If someone regrets their iPhone purchase, they may eventually realize that the Apple gadget doesn't hold as much value for them. And I believe that realization might lead them to change their mind, potentially selling their iPhone and investing in Bitcoin.

I will not suggest your Friend buy an iPhone, firstly you have already noticed that Bitcoin should be profitable in 2024 as it is halving. But, I can't suggest the bitcoin too, because this is trading and we can't expect what will be tomorrow. In trading a coin can reach any place or any price. As you know the batteries of the iPhone are going to be low day by day, I have used the iPhone I have now, but it is not good in terms of batteries, so it will decrease the price. For example, if he buys an iPhone for $200 and is using it constantly, then after 6 months or 8 months, the battery will be 90% from 100%, which is quite disgusting and it will lose its original price of $200, and now it will be around $160.

Comparing these two, bitcoin investments would be a better choice to get some profit, whether if he didn't have that much of the money but he should invest.

It's great if your friend can make money from this. But if Bitcoin halves next year, as you said, if I understood you correctly, and your friend at some point discovers half as much money in his account, then he may be upset and will definitely remember you at that moment . Of course, you will explain to him that Bitcoin will grow and so on, but I don’t know if this answer will suit him. Perhaps you immediately warned him about possible risks and temporary price drops, then you did everything right. In any case, I wish you success

It's pretty hard to make general advices because everyone's situation is different.

What if the person would benefit far more with the iPhone because of business/work-related reasons? Heck, if a person doesn't need a new phone but isn't in the best financial situation, I'd say start a small business than invest in bitcoin. Bitcoin won't give you steady cashflow.

Most likely, the author is talking about people who are not rich, but they want to buy a new iPhone, which in itself is not a very good idea. I know people who bought an iPhone and got into debt because of it or took out loans and then pay for it. The iPhone does not bring them money and is not a necessary thing like a computer, air conditioner or washing machine, it is just an expensive toy. The author mentioned a salary of 500 dollars or something, with such a salary in my opinion it is not very reasonable to buy an iPhone

     Buying an iPhone is impractical and can be considered a luxury; instead, as time goes on, the value is also reduced. All devices are like that, and in the end, they really lose their value, except for real estate, gold, and Bitcoin.

     Because of the three I mentioned, it can be said that even if a day or year passes, the value increases, and we have seen and proven that because it is really true. That's why if you are an investor who likes long-term investment, just choose the three I mentioned, and the best one is Bitcoin.

Great suggestion, but let's not just stop at telling them to invest. We should also stress the importance of educating themselves about Bitcoin. I mean, sure, the market seems to be gearing up for a bullish ride, but there are no guarantees in this game. What if things go the other way? What if their investment tanks and drops to 50% of its original value? Are they mature enough to understand that it's part of the game and not freak out?

The cellphone companies have found people's weakness and they are exploiting it. Everyone wants the latest model cellphone, because they want bragging rights or they want to impress other people... but nobody cares.

So, they will fork out the money for one of the most expensive phones... but they will not invest in the best Crypto currency in the world.  ::) So, next year cellphone manufacturers will come out with a new phone and people will fall for that again.  ::) ::) ::)

I think that this is still too small an amount that could change someone's future, if we are talking about the fact that the cheapest version of the iPhone 15 costs from $800 to over $1000 depending on the country. If you invest $1000 in BTC today, you still won't have an iPhone, and it is questionable how much and when you will profit, not to mention the risks that arise from the fact that someone can hack you, physically steal BTC, or that you can lose access to your wallet or your backup.


Your friend would have to work maybe even two months to buy that smartphone, so I don't think that investment is that simple for him. Maybe if he takes it in installments and then pays 10% of the value for the next 2 years, that would already make some sense and that's how many people actually buy many things.

I'd agree with your suggestion. If one has to chose between some pleasure (iPhones are not necessity, are they?) and investment first, it should be investment always, and pleasures should be fullfilled with profit from investment(s). Hence best of both worlds.

It is always good to invest instead of spending unnecessarily. The opposite of this situation can happen in the following way. A person may really want to buy an iPhone and buys it. Sometimes in this life we should do things that we enjoy. What you say about the iPhone may be true, but it means nothing to a person who wants an iPhone.

Investing is important for our lives, but so are our pleasures. In some cases I can choose investment and in some cases I can choose pleasure. I can't blame anyone for that. It is best to give information and leave the choice to the other person instead of interfering with their preferences.

In terms of business, it can be said that phone companies are achieving great success when they have found consumers' weaknesses and earned huge profits. Smartphones are one of the indispensable things in today's modern world, but it would be a waste if we kept changing it every year and had to pay ridiculous amounts of money to own a new phone. But it's confusing that millions of people are still doing it every day.

If someone stopped buying new phones for a few years and used that money to buy bitcoin, perhaps they would have a better future and even a fuller life. But not too many people see that.

I don't get the people who buy the latest iPhones. It just makes no fucking sense. You're getting a basic income, around $800 in my place, and you prefer working your ass off for 2 months straight, just to get an iPhone than getting a normal smartphone, with a thousand euros left to pay bills and stuff.

As for bitcoin, I'd absolutely suggest anyone to spend some hours and learn what it is. No one should be putting their money in stuff they don't understand, and lots experience this in cryptocurrencies who are usually victims of hacks and fraudulent schemes.

It's about time someone mentions this. I don't understand why some people, especially newbies, believe that Bitcoin is a panacea that will solve worldwide issues, or that is guaranteed to make them money. Not only because it's volatile, but also because a possible mismanagement from someone who's unaware of cryptocurrencies is very possible. Thus, leading to a loss of funds in the process.
Advising someone that an iPhone purchase might not be worth it isn't bad, in my opinion these people care more about the status symbol that the device itself. Financial advise though should be given carefully, I generally prefer to avoid discussing cryptocurrencies and especially investments or how I'm making money. It's too risky and I don't want to be held accountable for anything that happens.

Appears you misunderstand my statement. I said, enjoy pleasures from the profit of your investments. If you buy an iPhone from capital, your money is gone, while capital invested and buying iPhone from return of your investment will keep your capital intact.

@OP, I enjoyed reading your advice. If your friend trusts Bitcoin as you suggested. If your friend invests in Bitcoin instead of iPhone then after 2-3 years his financial position will be much better than now. But I can tell from my patience strength that it is very difficult to keep for 2-3 years. But if your friend can be patient he can get 20x profit. Since after Bitcoin halving in 2024 I suggest to sell 50% from investment. Because after halving, good pumping tax may dump some amount. Then it will be good for your friend to buy again.

People now buy trends instead of thinking about their future. They can easily buy expensive items whose function can be replaced by cheaper items. They are buying an iPhone 15 for example. People can buy cheaper smartphones than buying iPhones. But they want to stand out more than their friends so they are willing to spend more money to follow a trend.

If they knew that investing in Bitcoin for the price of their iPhone would be more profitable for their Bitcoin, they might prefer Bitcoin. But unfortunately, many people don't know the benefits of Bitcoin and the profits they can get from Bitcoin. So they will prefer something they already know well.

If your friend prefers Bitcoin to iPhone, he has made a good decision because Bitcoin can provide big profits in the future. And when the price of Bitcoin rises very high, he will see which is more valuable, Bitcoin or iPhone. But we can not blame them because that is their choice.

You can watch this short video from YouTube to know what people will choose:

Advising friends or family to invest in Bitcoin is very difficult. But you can do it. Your understanding and delivery method should be appreciated. Everyone's obsessions are different, some people like to invest with the salary they get. There are also those who like to spend their salary for personal pleasure. Judging from OP's story, your friend is so obsessed with iPhones but subconsciously he started investing. This is a good step, only close friends can have a big influence on someone.

I admit that the iPhone is a good product with all its qualities, and many people are competing to get it. However, it would be a shame to just pass up Bitcoin. Hopefully the OP can be a good guide for people around there. I suggest you continue to guide your friends so they don't get caught in coin scams.

I certainly support your suggestion. Your friend invested in Bitcoin as you suggested and no doubt did very well. Now that he bought bitcoins for $200 he would be doing himself a favor if he could keep those bitcoins invested and profit from them. Later this love of his will further increase his investment. But here I mean that you must explain all the rules and regulations of investment to your friend. Create his investment holding account in such a way that no one can hack it. From here your friend can blame you if your friend is in danger. So OP I want you to tell your friend to prepare a very secure wallet and keep the seed phrase of that wallet in a very safe place so no one can steal it.

If a person has an average basic salary and is not well off, spending money to buy an expensive iPhone is really a waste and unnecessary. Meanwhile, if they have a long-term vision, it is better for them to consider investing and accumulating assets. But if a person has a good income and has achieved success after many years of effort, there is nothing wrong with them enjoying life. We invest in bitcoin to make more money and have a better life, so if we achieve that goal then enjoying it is the right thing to do. I won't buy an iPhone or luxury things now, but when my investment is successful, I won't hesitate to treat myself to an iPhone or a car.

You shouldn't invest all your fund's in bitcoin. Because you are interested in  bitcoin investment, that doesn't mean you won't get yourself other necessary things that you need. Bitcoin investment shouldn't be done by force, if you are in need of an iPhone, then get it. You can't invest in bitcoin when you are in need of money or when there are some necessary things that should be done. Bitcoin investment should be done with the amount that you know if you lose, it's not going to affect you, don't force yourself to invest big in bitcoin. No amount of bitcoin is too big or too small, so don't do anything that will make you uncomfortable just because you want to invest in bitcoin.

I hope you inform your friend everything he should know about bitcoin. Did you inform him what bitcoin is all about? He shouldn't invest without knowing what he is investing in, and I hope his investment will be for the long term. You shouldn't just promise your friend profit after investing in bitcoin, tell him about wallet security and how he can properly store and secure his wallet private key. Your friend has a lot to learn about bitcoin.

I wouldn't convince others what they should do with their money, how they spend it and how much they invest. It's a nasty business because if anything goes wrong, that person will likely blame you and will regret listening to you, and for people unfamiliar with the Bitcoin market, seeing the price drop, like, 25% (which is totally realistic) can already lead to panic.
I do agree that buying Bitcoin is better than buying an iPhone. However, Bitcoin is an investment (or a currency), while an iPhone is something people buy because they like having it or like seeing how other people react to them having it. Nobody buys an iPhone as an investment (in a sense of hoping to resell it later at a higher price). iPhone is bought to be used and to enjoy some prestige, perhaps, but everyone's aware that it's a short-lived thing.

Because we have turned into a society where consumerism rules and where social status is shown precisely with a new smartphone, an expensive watch or an item of clothing. I personally know people who give up a lot in life to be able to buy such things, some even at the expense of their own family, which does not seem harmless at all.

In addition, that famous smartphone has been brought into context with Bitcoin so many times on this forum that I wonder what it has to do with each other and why these comparisons exist at all. I could still understand the fascination when someone found a Bitcoin white paper on Apple computers (https://9to5mac.com/2023/04/25/apple-removes-bitcoin-whitepaper-from-macos/), and it was interesting to me, especially considering that it was removed from newer versions because someone estimated that something like that could harm them.

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As for the doubt about whether someone should buy a new iPhone or invest in Bitcoin, I think that one should not necessarily exclude the other - because if you have $1000 for a phone, then it is certainly not a problem to allocate a few hundred $ if you already want to invest in Bitcoin.

I think iPhone is not needed by every person, but a normal mobile can be used by a person as compared to iPhone. Most people use the iPhone for fashion reasons, even though a simple cell phone can do the same things we do with an iPhone. You have given a very correct advice to your friend, that it is better to invest in Bitcoin than buying an iPhone, but this advice is relevant for everyone to invest in Bitcoin instead of buying anything expensive. If done, one can get a good profit in future.

Even at the current price, Bitcoin may prove to be a very suitable investment, but the DCA method is also better. Like you, if we all keep giving such useful tips and information about Bitcoin to people around us, surely people will be able to earn good profits by investing in Bitcoin.

Others are able to purchase the most recent models of branded iPhones, and yet others are active climbers or are making serious efforts to do so. They don't mind; just pretend they have an iPhone when you want to boast. I see a lot of that, particularly on social networking sites.

Therefore, in my opinion, it is a sensible choice to purchase Bitcoin rather than an iPhone because, when its price hits $100,000 in the upcoming bull market, you will be able to purchase an iPhone with the money you have made a 400% profit.

Buying an iPhone 15 for 829 usd is a waste of about 400 usd. Just buy a samsung a54 cost 400


829  locked to boost as your carrier

https://www.amazon.com/Apple-iPhone-128-Unlimited-trade/dp/B0CHBNXW73/?


399 unlocked a54
https://www.amazon.com/SAMSUNG-Factory-Unlocked-Android-Smartphone/dp/B0BSLRXF1H/ref=sr_1_1_sspa?

I don’t know how and what are the things you consider before referring to buying an iPhone and that of acquiring bitcoin, it’s good to give someone an advice to make good use of their finances, another thing is that before we discourage someone from take that step which they want to take in acquiring a gadget is that we should first of all examine what the person really want to use they device for, is it a device that will appear to be a liability to the person or is something they will want to use and put it into good use?

To acquire bitcoin is good to also buy something which can make you more money is also good. On the aspect of getting an iPhone and investing that money on bitcoin, for an instance; I have a friend who is a content creator, who was already going to photographer to hire camera which can be use for video coverage and all of that, which this hiring cost him money and he need to be careful while using it in other not to ruin the camera and pay for such damage, now this person is having a little challenge with the mobile device which also help him in his line of work.

he happen to have an opportunity of a little money which can be used to solve his problem all at ones, considering the line of work, he decided to buy him self an iPhone which he believes have good camera and also some editing features which he can use to save him self some stress and the cash of going to hire camera every now and then, with what this guy have done, would will consider it to be wrong decision or he should have used the money to buy bitcoin and save up for bull run in other for him to take profit.

It all depends on the person that is in need of the iphone. If he wants to use the iPhone for some kind of job that pays him, then that is the best option for him. This is because if he uses his money to buy bitcoin and invest for a long term, he might not be able to get the amount of money which he will get from his job using an iPhone. I know some people that needs to quality phone so that it can fit in with the kind of job that they are using the phone for. It is when you are not going to benefit any income from using the iPhone that it might be a waste of funds. These days, there are many online jobs that can be done with phones and some most be with a quality phone.

Many youtubers and tiktokers are using iPhones to film, take photos to make clips and gain millions of views, so buying a new iPhone is a good thing for them to do. So it can be said that it completely depends on each person's needs, let's not try to be smart when giving advice to others to invest in bitcoin instead of buying an iPhone. Many tiktokers in my country earn thousands of dollars every month, I believe it brings even higher profits than your investment, OP.

I find it silly and funny to compare buying daily necessities with investing. Furthermore, buying an iPhone or anything these days can make money, so don't rush to judge someone just because they buy an iPhone or waste money. Social media is growing and we have many jobs that make money even when you are entertaining or eating, so don't try to act like you are the only one who knows how to make money investing in bitcoin. I see comparison as just more jealousy trying to prove that we are right and others wrong when it comes to buying an iPhone.

When you talk about "we" don't include me, please. I could go and buy half a dozen Iphones if I wanted to tomorrow and pay cash for them, and I'm carrying a Chinese-branded mobile phone that I got as a gift. It cost me $0.

Linking this to what the OP says, a key if you want to improve your economic situation is to keep your consumption costs low and with the savings you generate invest. Obviously, to the extent that you have been investing for years you can take your foot off the accelerator and increase your consumption, but always bearing in mind that at least annually your expenses should be less than your income (there may be a month when, due to unforeseen circumstances, your expenses exceed your income, but if you have done things right, you will be prepared for that).

That could be a doubled-edge sword both for you and your friend if your friend is not educated enough about Bitcoin and the nature of the market and then on the next few weeks or months, the market was going bad and the value of your friend portfolio is decreasing, he probably will blame you for that. I believe you have good intention, and I do agree instead of spending $800 on newest iPhone I would rather spare $200 for Bitcoin and the rest $600 I could use to buy used previous generation iPhone or just mid-end Android Phone. But if I were you, I would introduce your friend to Bitcoin in small step, rather than just make him spend $200 immediately.

Actually we are saying the same thing. I said it was hard to convince someone who loves the iPhone. So, no matter what we say, the person who loves the iPhone will prioritize the enjoyment side of things and buy the phone. That's why I said that what we said meant nothing to them.

I do not think that a person who is going to buy an iPhone and thinks about its pleasure will choose to buy an iPhone with the earnings he will earn by investing and will wait long enough to make a profit. I think you know the queue people formed to buy the phone when it first came out :)

If you posess a mindset of making money with your money (investment, business, etc.), convincing people will be easy. But if you said it to someone that prioritize to show-off his/her new stuff to other people, then convincing someone will be hard.
Many people actually do that. They prefer to buy or spend their money to unnecessary things instead of investing it. They would rather buy what they want instead of making money out of it and use that money to buy their wants.

Thats right and it's not wrong either. So, if OP's friend is investing, it's best not to give him too many choices. If there are two, just choose one. If he wants to enter the market and than continue investing in BTC, it is recommended that he go full, meaning don't be half-hearted and if he wants to buy an iPhone, buy it and enjoy the latest version, although we also have other options and can choose to buy a lower version like you said. on. . Yes. simple. If we want to invest, it's best not to have too many choices. If there are two, just choose one.

It's all about proper money management. And looking at the 'real' value of A vs B



   I have pointed out time and time again that the 400 usd samsung A54 is really close to the quality of the lower priced basic iPhone 15. So why lay out 400 or 500 more for a product that lasts 2-3 years at best.

You can take this across the board with 10 items .

Starbucks coffee vs home made.

I can make quality coffee at home 1quart thermos for about 1 dollar. So 32 oz of coffee for $1.00 a Starbucks venti + a tall equal 32 oz the cost $5.90 plus tax .  That is 6 bucks a day vs 1 buck a day .

yearly total 5 x 365 =         1825
iphone 15 vs samsung a54 = 500 over 2-3 years say 200 in a year
So on two items you save about 2025 in a year.

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Netflix streaming 240 usd a year
Going to movies 1 day a week = 15 x 52 or 760
save 520 + 2025 = 2545 in a year.

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phone plans I can do tracfone for 30 a month unlimited text and calls Verizon is 50 save 20 a month or 240 a year.
240 + 2545 = 2785 a year.
What did I give up to be saving 2785 a year not much.

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I like to cook I buy quality beef and lamb.
If I buy hi end lamb steak  it costs me $40 a meal for me and my wife.
If I buy lamb roasts it costs me $17 a meal for me and my wife
So 10 times a year savings $230 + 2785 = 3015 a year saved.

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I buy a special quality fig/coconut bar for desert.
If I buy 8 oz cost 16 usd 20 x that = 160 usd
If I buy 10 pound cost 100 usd. savings = $60 two buys a year saving $120. to do this I bag into 5 bags and freeze 4 of them.

120+ 3015 = 3135 saved a year

If the friend who is recommended to invest in Bitcoin understands how it works, of course he will immediately agree that it is better to invest his money in Bitcoin than buying the latest iPhone.  However, not everyone is tempted to invest in Bitcoin, like ordinary people, they are only tempted when they see Bitcoin prices are high.  Therefore, it is not surprising that if the price of Bitcoin rises, new investors will start to appear

In my opinion, rather than buying an iPhone, investing in bitcoins seems more useful.  If one invests the same amount of money in Bitcoin as it costs to buy an iPhone, one can expect double profits in three to four years.  I always share about Bitcoin with my friends.  I don't encourage anyone to invest in Bitcoin but I encourage them to just learn about Bitcoin.But business and hobby are two different things. If someone wants to buy iPhone as a hobby then it is his own business.  Bitcoin investment for those who want to achieve financial prosperity.

It's pretty fascinating to see how an iPhone is becoming almost like a unit of measurement. Anyway, besides the fact that if someone earns $500/month, in my opinion, it would be absolutely crazy to spend 2-3 salaries just to get a smartphone, also because with those $500 I guess you also need to spend money for living, so it takes even more time, I just don't understand why so many people feel they need such expensive phone. Unless you actually need it to work, and the majority of people don't, you can simply buy a 3 year old iPhone and it costs way less money and it still works perfectly. At least your friend listened to you, that's the good thing!

Op having your friends invest in bitcoin instead of an iPhone is ok but think about this for a moment, imagine a content creator who makes $500 to $700 monthly doing contents would you rather encourage him to invest in bitcoin or purchase an iphone15 to continue his content creation or not? I think most people who spend money on expensive gadgets or other things instead of investment have reasons for what they do as it could be their source of income we never can tell.

Even as a bitcoin believer I wouldn't mind purchasing an iPhone if it will help to promote my business that will bring more profit to me than bitcoin so I think it is a personal decision we don't need to push or force anyone to choose what they want.

Most times it's very hard to convince those that are not into bitcoin to buy bitcoin leaving to buy what they desired and if you watch is a good thing to have invested in bitcoin but sometimes they are very hard to be convinced because they don't know the whole concept of bitcoin and whatever that happens to their investment they could hold you responsible for losing their assets but the main thing is, they should understand what is bitcoin and how it works before telling your friend to invest maybe I can say they understood it very well and can bear the risk especially the volatile nature of bitcoin needs for someone to know it very well before venturing into it to avoid being called a bad name or being accused for scamming them.

So you expect only 2x from here over the next 2 years? That's pretty bearish. That would not even make a new ATH this cycle. ;)

Your story reminds me of that experiment where they'd ask children if they want 1 candy now or 2 in an hour and most kids chose 1 now because that's how their brain works. Children live here and now, they're bad at imagining future profit. That's why as we become adults and we gain experience, our brains should develop into strategic thinking and all that, but some people still remain in their childish state.

Very well said.  Your thoughts are focused on the future. You have given a lot of good advice to your friend.  If he doesn't buy an iPhone and invests that money in bitcoin, I hope he can buy more things in the future with the purchase of an iPhone.  In order to survive in life, you have to think innovatively.  Bullrun is coming. Your friend's 200$ investment is expected to double or triple after the bullrun.  From my very personal opinion, the iPhone case has always been a luxury to me.  Spending so much money on a mobile seems absurd to me.  Still, those who can afford it will definitely buy.  But I think a person should own 1000$ before investing in 200$ iPhone.

BTC doesn't make your life bright, you can live a good life without ever using BTC, to live a better life and have a good future, you simply need to work hard, be financially responsible and try to increase your income; and you can do all of these without using BTC. Take note that BTC is volatile, and people also lose money when they use it as an investment.

It is beyond any doubt that you can buy an iPhone of the latest version through an investment in Bitcoin for a long-term perspective, just as you say to hold for 2–4 years. But here again I will say that it depends on your strategy when you grab the opportunity and enter or exit at the perfect time by booking the profit. 

I don't think it is better to give financial advice to anyone. If someone wants to give or accept it on his own will, I consider it a sensitive issue of financial decision-making because, in this volatile market, no one can be responsible for anyone, so whatever decision is made by himself, do it.

Aside from investing in Bitcoin, if your friend wanted to immediately see a financial improvement, if he is having a job, then it is a good advice to look for an additional source of income.  This way his extra income will supplement his main source of income.  You should also have advised your friend to be thrifty and not dwell on luxurious things.  This will only siphon his wealth and he will only find himself borrowing money to maintain these kinds of luxurious activity.

I believe, to further improve finances, one must learn financial management.  This way he will learn how to spend his finances wisely.

Normally, people have a choice for how they want to spend their money, but IMO, It's more wise if someone has already had a better asset (Bitcoin or whatever) that they have invested a huge sum of money into before they can think of putting such a huge amount of money into the iPhone 15. It's very unwise for someone to have worked for several months and have managed to make some money, but they end up buying a phone that will surely get outdated in the future, while they would have bought an asset that can yield a profit for them in the future. Although let's not forget that we have some rich dudes who can even buy several pieces of this iPhone, the money they have spent to buy those phones will not affect their financial well because it steadily get replenish through their already existing investments. I think those are the kind of people who should get the phone, not just a person who is still trying to build their financial well.

Yes you are right, everyone has their own thoughts, there are those who want to develop their finances by saving and investing like you do and if I may judge that is a wise action. Because everyone who sets aside their money to save and invest, I think they have a more mature and less selfish mindset.
In fact, it is their right to use the money they have, but for some reason I don't like the way of thinking of people like your friend, because in the name of living only once they spend their income just to always have fun and only fulfill their desires without can think about the increasing cost of living in the future and think that the future will be fine.
I think your friend doesn't have a family and has never experienced significant difficulties in his life, such as headaches thinking about all the bills we have to pay, such as electricity bills, water bills, vehicle tax, children's school fees which are getting higher and higher every day and other basic daily needs. Sometimes the prices of all current needs are not commensurate with the income we have.
Yes you are right arguing with people like your friend will not be beneficial for us, I think let the conditions or difficulties teach them to understand the true meaning of "life is only once" and we should not waste our money just to have fun without thinking about the family and our children we might leave behind when we die.

Bitcoin halving doesn’t directly mean an increase in price. So, I’ll say you count this out.

It depends. Buying an iPhone too could be equally profitable. It’s not a bad thing to do. I’m just reflecting on how you sound about buying an iPhone. Also, I don’t even think Bitcoin and iPhone is comparable. You can still suggest to someone to buy Bitcoin even as they buy their iPhone (after all there’s no minimum amount to purchase).

Overall, I think you’re a good friend as you’ve shown to have your friends’ best interest at heart. 👏

Back then I also used to scoff at people who pay for stuff like these and not use that money to invest and earn dividends, until I realize that my opinion was unsolicited, and I probably look like a pompous asshole to them by making it as if my decisions are right and what they do is wrong. When I got the money to buy stuff I want I also acted a little lavish, I spend and spend knowing that I'd gain the money back anyway, what's to say that these people who have the capabilities to buy an iPhone 15 or whatever, aren't able to do the same thing that I could investment-wise?

That's when I realize I should keep things to myself and just focus on my shit until my opinion is asked. Most of the time I'd even be thanked for the great suggestion, instead of shoving my ideas into their faces when they didn't ask for it in the first place.

Your friend's story is sweet; a simple act of putting off immediate satisfaction (that shiny iPhone 15) in order to possibly have a better financial future; but its also filled with uncertainty, isnt it? Bitcoin is like a pirate ship on rough seas, even though its been a fun ride. It goes up and down, and it makes you smile and not smile sometimes.

What if the iPhone (or something similar in goods or experiences) your friend bought today brought them a lot of happiness, pleasure, or even chances to meet new people? Spending money on things you need (or want) right now can have benefits you didnt expect. So, it might be worth thinking about whether telling someone they should invest in Bitcoin should also come with a small warning: "Get ready for an exciting but possibly rough journey!"

I think what you have given is correct. I think 200$ can be invested in Bitcoin now and after few months or few years it will get good amount of profit. So if you can invest in Bitcoin instead of iPhone money at this time.  It can bring profit for him. But I don't think he will invest in bitcoin if he can invest now it seems like the best time to invest.

In as much as this thread is good for discussion, I see no reason for creating this as a new thread. The discussion is in line with the topic you reference in your post. Sorry to say but this is not different from duplication, you could use this to comment on that same thread and the discussion will continue. Back to your discussion, I hope you enlighten your friend about the dangers associated with bitcoin as well, like the security of his wallet and market volatility. It's important to make him aware of these so he won't put the blame on you when anything happens.


Investment is good but don't deny yourself the good moments of life just because you want to invest. Anything that makes you happy, please do it to the fullest as far as it's not putting you in financial crisis. Your friend is right for giving himself the joyful moment he desires. Once you die, your investments will be spent by people and it might be probably not spent on what you intended, spend and invest while you're alive. Don't focus on one and leave the other.

Now it is assumed that a fund supposed to get him an iphone as a liability has created him source of income
in multiplications (investment) on the fact of investing the fund to Bitcoin and finally he still got that iphone of his dream yet his investments proffers to offer him more financial growths hopefully to be a long time investment.
This is the potentials of what Investing on Bitcoin is capable of changing lives like a dream.

A person's dream is to buy iphone 15, moreover buying iPhone definitely requires a lot of money where people often struggle. Also, I have a dream to buy an iPhone in the future but since I don't have that much money right now to buy it, I've been planning it for the future. Although the amount of money I have currently collected and saved I will try to buy an iPhone from the profits I will get from Bitcoin in the future. Those of us who are associated with Bitcoin know how bright the future of Bitcoin is going to be. So it would be a good venture if one buys and holds bitcoins instead of buying iphones in hopes of higher profits. Since you told your friend about bitcoin to buy iphone and he agreed to invest I think he took a good step. Although currently buying bitcoins and waiting till ATH will definitely make good profit and buy iPhone with that investment money. But of course your friend needs to acquire enough knowledge about Bitcoin or he might be at risk. So firstly explain your friend well about bitcoin as he has already invested $200 dollars in bitcoin, so educate him better about bitcoin then he will buy more bitcoin later.

I meant society in general, and of course there are always those who are exceptions, like you or me who has had the same smartphone for almost 5 years and I'm still happy with the same one, even though I haven't received any upgrade for a long time. That's the only reason why I'm thinking about a new model that will still be in a higher price range, considering that I don't buy such things every year.

In addition, the iPhone is actually a "Chinese" phone because it is manufactured in China, as are most of today's smartphones with the exception of Samsung, which allegedly does not have its own production facilities in China.

Gadgets are good for your personal use, and you should have them, but it is not necessary to own a high-end smartphone (iPhone) when you can do things with your ordinary smartphone. It is better to invest your money in stocks. Start with whatever you have. It doesn't really matter if you invest $100 or more. I am of the opinion that buying a $1000 smartphone is not wise, but buying a $1000 stock or Bitcoin is more valuable and wise.
Secure your future first, then think about these luxuries.

If someone needs a new phone to be exact an iPhone 15 for some purpose like having good quality of camera and for making contents, that's not a problem.

If someone wants to buy it for their personal satisfaction and gratification, that's not a problem.

I know that we're eager to educate people to invest in Bitcoin but if they're also eager to buy that piece of device then let them be happy with it.

If they want to invest, they will invest because it is common that people will buy expensive things over buying assets that will help build their future better.

That said, it all depends on each person's intended use, we should not hastily conclude that someone buying a new iPhone is a waste. I see people often create content like recording clips to make money through social networks, it's clear that buying iPhones is not only their need, but they also make money by unboxing the latest phones. Many young people in my country also line up and jostle to buy the latest iPhones for their own reasons. They are the ones who make money from reviewing so they will always hunt for new technology products.

There are many ways to make money, not just investing in bitcoin, we should not criticize others just because they do not invest in bitcoin like us. Not everyone is wasteful or boastful.

Are you sure your friend can't afford the iPhone and still be able to buy Bitcoin or DCA into Bitcoin? Because we people like looking down on others when they don't appear to be well-funded, I can afford an iPhone and it won't affect my weekly DCA into Bitcoin, but I don't just like iPhone, I am more of an Android-style guy, I can buy expensive things not because I can't afford them, but that's because I need them, it's a good way of living, because if you just work hard every day and you can't spend money you will end up dead one day and leave all these things behind.

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It's not crime to spend, always take care of yourself when you work very hard for year's, you deserve it, do not be a slave to money, it's only wrong if you are buying things you don't need, investment? Sigh, you can still invest and enjoy your life too, all work and no play will make you a dull person, just know your worth and yourself.

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Buy Bitcoin weekly or monthly, do things that makes you happy, and mind you, your friend can be investing at your back without telling you, a friend did this to me once, he was into Bitcoin even before me and he never tell me, and I was always advising him to invest in Bitcoin, because I want to see him grow, unfortunately, he doesn't see it the same way as me.

He came to visit my house a few days ago. My friend had a $200 normal phone, one time I talked to him he said he was going to buy an iPhone 15. I can't knowingly recommend my friend to buy an iPhone. I got good knowledge about Bitcoin, I suggested my friend to invest in Bitcoin thinking about his future development. Given all the ideas about Bitcoin, my friend at one point decided to invest in Bitcoin instead of buying an iPhone. Suggested my friend to invest in Bitcoin by following DCA. My friend bought $200 worth of bitcoins for the first time. It will try to gradually increase its investment growth.

If a person is buying iPhone then it means that he already has made some investment or may be he does not have need to invest in any business because buying an iPhone is not easy for a middle class people. Beside bitcoin there are also lots of other opportunities in which a person make investment and become able to buy iPhone but if a person is not ready to buy bitcoin instead of iPhone then surely he is earning lots of money that there is no need of buying bitcoin.

Without doubt bitcoin is a useful currency and asset that can make you wealthy and some people are wealthy enough but still they are interested in bitcoin investment because using money in different assets and business provides more profit to them. Its a good idea to buy bitcoin instead of iPhone because iPhone cannot increase your profit but bitcoin do.

It is fine sharing your knowledge but never decide for their sake ‘coz if anything happens, you’d be the one to blame. This is an undending topic; needs va wants. Ofcourse it would be better to invest but problem is that we have different perspectives of how we would spend our money. Some are really prioritizing their wants such as new phones but that’s how their hardwork would be relieved; allow them. Simply give them an insight or an alternative way to spend their money and let them do it. Same thing with increasing the amount of their investment ‘coz they might be unconsciouly crossing their line of risk tolerance. No matter how huge the potential of an asset is, always anticipate the qorse output to prepare yourself once it happen. Encouraging means exposing them as well so better know what you are trying to push him through with.

Maybe his friend can afford an Iphone, but it's not necessarily interesting for him doing so right now, because a Bitcoin investment could have a much more positive impact on his life than a fancy cellphone. He has to take in consideration what he expects and what features he needs from the device. Most average and cheap smartphones completely supply the demands from average customers, being Iphone only a matter of status and higher quality photographies and videos. Unless he works with self-image or as photographer or marketing promoter it's really unlikely he is going to need an Iphone from the practical point of view.

Moreover, by investing in BTC and holding till the next ATH, he will be able to buy the fresh Iphone model, besides still having some profit on his wallet to continue investing or to use it somehow else, as he wishes.

Not many people want to save some part of their income, even fewer want to think about investing them somewhere, because for this they need to study and analyze something, it seems complicated and unnecessary to them. Of course, it’s easier to buy a smartphone of the latest model and scroll through the news feed, it doesn’t require any mental activity, so all lazy people will choose this.

I very much doubt that such people need your advice, they just want no one to bother them, and there is nothing wrong with that, everyone lives as they feel comfortable.

It is good advice for your friend but you should also make sure what his purpose is in buying an iPhone. Others bought iPhones for making content on social media which means an investment in venturing into another method of earning but your friend already decided to buy Bitcoin which is a good choice. It is really impractical if your friend bought that phone for just casual use which is nothing wrong with it but the problem is that he can't buy it in cash as his salary is low so either he pays it on installment or he has savings on it.

Majority of the iPhone users keep on changing the iPhone whenever new product gets launched. This had been used as a status object, which means majority prefer iPhone just to show themselves high among the group of people. Here the friend had did a good job convincing the friend to move his funds to buy bitcoin from the decision of buying an iPhone. Not everyone gets such a mentality soon after knowing about bitcoin.

Investing in bitcoin is the best considering the inflation and the crisis happening around. Op should also brief his friend about the market volatility, because some gets interested into bitcoin and look for profit. When the person is in need the market could've been in the bearish trend. If one cash out in such situation, he's gonna loss. So, along with the decision to buy it is must to know about bitcoin along with the risks to be on the safer network.

Yeah, that's another one. Making a content out of it like unboxing.

It may be not that profitable at the beginning but that's the start of their career as a content creator. It's helpful to get into the latest tech trend and that's one nice idea for them to see that it's something that they need to have.

That's why sometimes our opinions our going that far about telling people shouldn't buy something they've been desiring to have for a very long time and just invest in Bitcoin.

Like what we are saying, to each their own.

If he is going to use the iPhone for work or to create content, he may need to buy it. If he just wants it because it's an iPhone and he doesn't need it, he can talk about it and convince his friend.

We can make a profit on our investments and when we make a profit we can buy the things we want more easily. I think it is better to achieve our goals by sacrificing time or not buying things we don't need and investing.

There is no problem in the fact, he may express an interest buying an iPhone. But if he has another mobile phone then I will suggest him that after few months he can buy that phone and he can use the profit of this money to do so. As you said. At present, inflation is increasing in every country of the world, as a result of which people's income is not increasing, but the amount of expenditure is increasing. If the income of people does not increase when the price of every commodity has increased manifold, then there will be a disastrous situation. There is no guarantee in investing in Bitcoin that you can make a profit after the investment but in the long run the chances are high. Moreover, there is a possibility of a halving event next year. Bitcoin price is quite low now according to the current price, investment at this time definitely has the potential to get good returns.

This whole drama remind me of a similar incident that happened between me and my close friend and colleague sometime back when we hard a holiday chrismas bonus paymen6from our job and that time i just got to know bitcoin and already have a few hundred dollars investment in bitcoin at the time and i asked my firend to use the money in investing in bitcoin instead of spending it on jewellery that lacks any increasing value.

They both turned the advice down and at this time, my Bitcoin investment has now yielded a lot of profits and giving me the chance to use the DCA approach to keep accumulating Bitcoin before the main thing.

For those who don't have the desire to save, I don't think they have ever felt the need when they haven't earned an income from the work they do. I really agree with you, those who don't have the desire to learn about investing, of course they are people who are lazy to develop, they consider their prestige more than having an investment that can make a profit for them.

Yes, everyone has the right to choose their own path in life, but if there is someone who cares about their future, I think there is no harm in them listening and if what that person says is true, it is better for them to follow that person's advice.

Op is looking for merit and yours has no merit to mention so he decided to mention the one that has more merits and hoping to get more merits from it. And thinking that mentioning a reputable user will give him more merits but he has not seen any merit yet. Frankly speaking, personally I don't like iPhone because of the battery. You can't use them without adding extra mobile power bank so with that I don't normally like and use them. And not even the price. Some people that use iPhone is for fashion and not for anything. While some are using iPhone because their friends are using it so they just want to belong to the group. All those category of people are just wasting their money and time. Yes if they use that amount of money to invest on bitcoin then they will purchase more iPhones in the nearest future. Probably they lack the knowledge of bitcoin or lack the investment plan. They only after material things and not business.

when I saw the price of the iPhone 15 for $500 in the thread, honestly even if I heard something like $1000 it would still be a price at which I would say that the person who pays the iPhone 15 for $1000 is very lucky, that's because the The price of an iPhone 15 in my country is 2500$, yes in my country I need 2500$ to buy an iPhone 15, this is because the people who import the phones + the high tax that my country's shitty government keeps charging whenever something matters, then phone prices are very expensive in my country. But talking about this thing of giving investment advice to friends, in my opinion this is something very dangerous, because today you can say to your friend: "don't buy an iPhone 15, take that money and buy bitcoin to make a profit"

your friend can listen to you and he really won't buy an iPhone 15, he buys bitcoin and then starts to have high expectations that he will make 3x profit or more, every year goes by and the price of bitcoin doesn't go up much, your friend starts to get angry with you , another year passes and the price of bitcoin drops a lot and with that your friend starts to suffer a lot of losses and starts to blame you for having told him about buying bitcoin, he starts to see that the 1000$ he bought bitcoin, spent more than 1 year, they will be worth 800$, that is, you will be holding for more than 1 year to have a 200$ loss if you sell bitcoin. This will only increase his anger

when 3 years pass and the price of bitcoin rises 50% and he ends up with 1500$ he still won't be happy, because it was 3 years that he held and in those 3 years the price of things in the real world also rose a lot, that is At the end of the day, it won't be worth waiting 3 years to make a 50% profit and your friend will blame you for that. I avoid giving financial advice because it is something very dangerous, advice that goes wrong can cost a fight so big that it can even end in great disgrace, especially when money is involved.

Don't save fiat - but invest it in the best investment instrument in your opinion. Saving fiat is just as meaningless as inflation has taken away much of its value - so put your fiat to work by investing it in top performing assets like bitcoin and some other instruments. It's much better to give you returns in the long term instead of fiat.

You don't need to care about other people's paths because you are not responsible for whatever they experience. Your success is for you - and so is it for those who choose their own path.

If I were in the position of your friend, maybe I would do the same thing, namely by choosing to invest in Bitcoin instead of buying the latest iPhone. Because I know the price of the iPhone will be cheaper when I sell it again. So I would prefer to wait to make a profit from Bitcoin to buy the newest iPhone in the following years. This means that as long as the cellphone I am currently using still functions well and is still comfortable to use, it is certainly not wise for me to buy a new cellphone just because I follow trends. I will buy a new cellphone, whatever brand it is, after the cellphone I am currently using is no longer comfortable to use.

 Investing in bitcoin should be for the long run, it is an asset to be considered for the long term, just same way you invest in land, you don’t just buy land today and try to sell the next month. You will have to give the land time to appreciate so you can get your return, everyone has different priorities, some will want to satisfy their desires by any course. Not everyone is business oriented, some will feel like buying the iPhone 15 just to satisfy their taste, I will always say if you can buy twice of anything you desire at a one shopping without flinching or having  finically set back, i consider such individual as rich. You have to have multiple stream of income to break the chain of struggling and having financial set back It not easy though but still there’s no harm in trying.
  Bitcoin can serve as investment plan if you’re thinking of the long run, instead of using your savings to go for the iPhone 15 which is a bit expensive due to our economy. One needs to know the difference between want and needs.  Continue to work on yourself and make sure you never staying idle. Be money oriented at all time. Bitcoin can also serve as another source of income for those that know the trade, interestingly with YouTube videos you can learn the basics and with  proper coaching and discipline  you can learn skill of trading.

 
 

It is not that many people don't want to save.  It is that their wages is just enough for their needs other even can't afford a 3x a day meal.  Most of the people I interact with wish they can have extra money to save.  But due to lack of it, they failed to do what they wanted.


If you have money yes, but if you do not have, then it is impossible. I don't believe people who are able to buy expensive stuff are lazy.  Lazy people don't produce any wealth because they are fond of being idle.


Who knows, sometimes people are need to be reminded that there iss something they can do to elevate their financial status just like what @OP is trying to tell his friend.

Most of the comments are to attract merit sources to pour some merit on them. This isn't against the forum rules and sometimes good meritable topics can be shadowed behind other topics.

Some people think iphone represents their status in society. If your friends are using an iphone and you don't have one, sometimes your friends will try to mock you. Investing in bitcoin instead of buying a fancy phone can be a good idea but everyone doesn't share the same interest. Some people don't care about money or wealth and their concerns are more about fulfilling their desires.

Good advice to your friend is good to share knowledge but before that he needs to gain knowledge about investing in bitcoin. If you invest based on someone's word they will blame you if you suffer later. Since he bought an iPhone he has a lot of money, so it's a good opportunity to invest in bitcoin. Here the possibility of money decrease is very less as time goes by its value will increase but there is volatility in the market so don't be disappointed even if the price goes down a bit but if you hold on to it there is a possibility of getting a lot of good returns. The best chance your friend has is that he is able to buy bitcoins using cash.

I would suggest you to never give an advice to someone when it comes about investing real money. I am saying this because if the person gets profit, then he will praise you but by chance if the investment goes into losses, then he will be the one who will blame you for the loss. Yes what you can do is just tell him the benefits of bitcoins or the investment that you are suggesting. Now it’s up to your friend that whether to invest there or not after hearing about the benefits.

Investments don't just have to be about bitcoin, but they need to consider investing instead in consumerist things like iPhones and other items. I have tried to advise several relatives on the best way to make money instead of spending money on things that are consumer in nature, but the biggest challenge is that they will stick to their respective positions even though there are some of them who really care.

Here I don't care what other people do and how they spend their money, I mean that's because I'm not responsible for changing their mindset. I only care about myself and my family so I can indoctrinate their minds to use money to make money. I have succeeded in preventing them from spending money on expensive items and using the money for investments, and so far I have succeeded.

As far as I know, with an account with hundreds of thousands of followers and thousands of likes for each video on Tiktok, the owner can also earn several thousand USD per month from Tiktok. It can be said that unboxing or reviewing new iPhones or any products brings them profit, so it is worth their investment of more than 1 thousand USD for each iPhone. They make even better profits than us.

In short, because we are on the bitcoin forum, we can say that people will prioritize investing in bitcoin over anything else. But let's not be too stubborn to think that only those who invest in bitcoin are doing the right thing, and those who buy iPhones or invest in other things are meaningless or wasteful. The world is very colorful and there are millions of ways to make money in today's growing technological world. We should not be quick to criticize or laugh at others without knowing what their real purpose and work are.

That's right, even if you have managed to get a large enough profit that you want to bring or invite other people including your closest friends to also participate in investing like you do, but that is not a good action at all, especially for example with some coercion. Investing is very difficult and not entirely predictable, you have managed to make a profit and that means you are really lucky enough to find a market that is similar to your strategy. And I think you also know that in addition to profits there are also opportunities for losses that can be even greater there. Therefore I think it is not a good alternative if you invite someone especially by force, because it is clear as you said friend when the people they invite experience losses then they will come to you to blame you.

So basically consider everything again, it's okay if you want to do that, but only to the extent of telling in detail about the positives and negatives that exist in the investment, and also absolutely not until you invite by force. I think there are quite a few who are now experiencing a downturn in investment, none other than they came because of invitations from others.

I'm not sure with that but it should be like a partnership directly with TikTok and for those accounts of influencers that are already established, that's not a problem to them because they'll surely make money for each video they make because they already have an audience.

Some of those are even sponsored and they just have to give exposure to the retail shop whom sponsored them the phone. But for those that are using their budget to buy that, somehow it's worth it because it's like a lifetime video and it keeps on getting revenue passively for continuous views that it get.

Actually in reality even we say that it's ideal if they make an investment still if their impulsive thoughts will win they will surely bough those things. If your friend can still wait and have a working device and just want to buy Iphone just to flex I guess it's just a waste of money imagine if those investments grows up and make a good amount profit you can buy now two or more iPhone with your wants. But again base on your statement you have the knowledge I guess it's your responsible too to guide them and again better to make sure your tips will help them and not to lose their assets and make sure you have plan with those investments.

Maybe I have the same thoughts as you. To me, giving investment advice to others is a really bad idea, it's like we're asking for trouble. Because if their investment is not as expected and loses money, they will definitely come to us and blame us. One more thing, any investment has risks and even we have no guarantees for our investments, what can we do to ensure them? So, give suggestions and let them figure things out and make their own decisions instead of forcing or pushing them to invest out of skepticism.

I'm actually not a fan of forcing someone into making financial decisions if they are not really comfortable with them or they haven't thought of them themselves. It's their life, let them make their decisions, they might have a different plan for their future and they might need to buy something, even if it's not a need but a lot of people also have wishes and desires that they have been saving up for so that they can get what they have been wanting for years.

So, we should actually just make suggestions just to see if they are interested in the idea and if they are not, we shouldn't ask them twice. If they show some interest and say that they are completely okay with skipping buying a phone or anything and invest the money in Bitcoin, then one should go ahead and guide them through.

In countries where iPhones are expensive and inflation is high, iPhones or Apple products are used as a store of value and investment tool, just like Bitcoin. For example, due to government taxes the average iPhone price is $2000 in Turkey, which is twice the price of an iPhone in the US and Europe.

Especially due to high inflation, the price of a good you buy today can double the next day and in this case, the iPhone can be an investment tool. In such a country, i would not advise someone to buy Bitcoin for investment and buying an iPhone may be a more profitable investment than Bitcoin. Because the price of Bitcoin has been stable for a long time and it makes more sense to buy an iPhone for short term profits. However, i should note that the value of the OP's advice to his friend will be much better understood years from now.

It's not a bad idea, but I hope you mentioned to your friend that Bitcoin might not experience an immediate price surge as he imagines. He could be calculating his potential gains based on your input, but he should understand that patience is essential to achieve his goals. If he's inclined towards trading, he could also consider using the Sniper Range strategy to potentially earn more profits and then consider Dollar-Cost Averaging (DCA) for a longer-term approach.

If you are talking about people who trade iPhones by buying and reselling them, then we have nothing to discuss here, it's their business. But if someone just likes to boast and show off while their income is still unstable, then buying a new iPhone is really condemnable and too wasteful.

But I don't agree with you when you say bitcoin has been stable for a long time, I have never seen bitcoin being stable. Bitcoin is always volatile, but the volatility is sometimes quite small and you cannot make a profit if you hold it. But you can make profits by trading bitcoin.

It just proves that what works for you may not work for others as we don’t have the same goals and interest in life. In that case, just leave him to where he is happy. He will only remember your words once he’ll come to realize that living by paycheck to paycheck is not good at all.

However, back to OP, don’t you think your friend might be too rush in his decision to invest? I agree that bitcoin investment is more valuable in the future than by spending your money to buy an iphone but he should know the risk first when investing in bitcoin, and that he should never expect for sure profits especially if he is still an inexperienced one.

Those who are financially well off usually think of buying an iPhone. For some people iPhone is a hobby but they cannot afford it due to financial constraints. Since your friend planned to buy the iPhone Fifteen Pro Max, we can assume that your friend is financially well off. If your friend was not financially sound then he would have never planned to buy iphone but he would have used the same money to buy a brand new iPhone and he would have done some other business plan. Still if you claim that your friend is not financially well off and is only planning to buy an iPhone for his hobby then I tell you if you give him investment advice now he will never listen to your advice. He has accumulated money and surely with that money he will fulfill all his needs. Still, since you said the words for his good, your initiative is undoubtedly admirable.

It is a very good decision to invest in Bitcoin instead of buying an iPhone, because, as you see, the value of the iPhone is 1.4k euros, and if you invest in Bitcoin instead of an iPhone, it will give you a lot of profit. Can be found And anyway, there is a passion for the iPhone for a few days, but after a while, that passion fades, and you want to sell the iPhone and get the latest one, and at the end of the day, you feel grateful that I wish I had saved this money to buy it. He would have done a good job. So it is better than regrating that by investing in Bitcoin, you can not only recover your invested amount but also earn profit from it and set your life.


You have given a very good suggestion to your friend to choose the DCA method for investing in Bitcoin. There's no doubt that there are several advantages to investing through DCA, and in my opinion, it's the most effective and beneficial way to invest in Bitcoin that anyone would recommend. DCA allows people to diversify their portfolios, reducing risk involvement, which is highly important in the cryptocurrency industry. In other words, what I mean to say is that you've given a superb piece of advice to your friend, and I commend you for offering a positive recommendation to an aspiring investor.

There is different between investing our money and using our money to buy liability. Many people had been using there money to buy liability but they never know because they are no that attentive to the way they spend there funds. We need to improve in our financial struggles and say no to too much spending that has no impact to our mental health.

Sometimes we see people running after fashion just to look good in the eye of there friends and followers. We don't need to do things to impress people but to do things to build our portfolio as an investor just like the way many of our billionaires normally do just like the Facebook CEO that mostly dress causally.

I don't think that works in every country, I agree that inflation does make the prices of goods increase but sometimes it can go on the negative side if you buy a product like an iPhone and it loses value after a month or so for some reason. And products don't carry the same value once they are opened and used as they become second-hand and most people don't pay a lot of money for them when they know they can get a new one by just paying a little bit extra.

It's also not always about short-term investment and users mostly buy Bitcoin for long-term profits you can't really keep a product, especially a mobile, for the long-term and then expect to get profit when you sell it because it will most probably lose value in the long run and you will need to sell it for a lower amount.

Someone who has the money to buy this iphone won't ever hacken to the advice you would probably give him to actually use the money to purchase Bitcoin which can give your money value over some years unlike the iphone which will just lose value as time goes by. Someone who has the funds can only see this as fulfilling his pleasure abd same case won't be for someone who is actually struggling because the same money he used to buy this iphone can be used for other good investment which can yeild him much profit In the future.

The period may not be as precise. That is, if it is between 2-4 years, if it is 4 years later than this year, maybe that is when the bearish is happening. Meanwhile, on the other hand, a bullish era may occur after the halving, perhaps around 2024-2025. So, the actual amount of knowledge will not guarantee that our money in Bitcoin investment will really increase. because, you should take profits at the right time, namely during the bullish era. Even though we don't fully know when this will happen, at least we can watch the market and its developments.

But actually, I also agree that I would rather use that money to invest in Bitcoin than buying an iPhone. However, this will also depend on each person's condition. If you don't have financial problems, you don't need to worry about buying an iPhone as a self-reward. On the other hand, sometimes, someone buys an iPhone to do some nicer, smoother, smoother, and professional things when using an iPhone. So, this will again depend on individual conditions and needs. What is certain is, avoid having high style when our financial condition is not that good, just for prestige.

I think that the main focus here is that it's best to forgo some of our secondary and luxury needs and invest the money that we can use to purchase these needs. When the investment starts to yield profit, then you can conveniently purchase the needs and your investment capital will most likely be yielding more profit. So as we're focusing on bitcoin as an investment option, i think that it is a good place to invest, because despite it's fluctuations of price pump and dump, where the investor will experience loses sometimes, it however has a high probability of being very profitable if you hold on a long term. Because perfect opportunities will always come by after waiting for bull runs and the investor can cash in on the profit to buy what  they've forgone to invest in bitcoin, whether it's iPhone or any other commodities.

Buying luxury could be used as an investment as well, such as watch, cars and etc., where they increased their value depends on the rarity plus for how long the product exist like it's from 19s. It would literally depends on their lifespan, because if we compare it into iPhone where phones could last for 2-3 years depends on the person's caution. This would only differs on the person's preference on investing, because we all know that Bitcoin is not the only thing that you could stake your money to invest, as there's a lot of variety of options. Bitcoin has the potential to grow for a long term, it's already given that's why people are accumulating and holding it for aiming to profit huge. But some people are not that patient with Bitcoin as they really need to earn quick, that's why some would do trading, other investment such as business, and etc.

The iPhone is very popular with young people, especially those who are still active on social media. I myself bought an iPhone X when it first came out because I really wanted to have an iPhone, but for now, even though I have the money to buy another new iPhone, I won't do it again, right now I am more concerned with investing in Bitcoin than buying a new iPhone or other brand of new smartphone. I once saw on a Twitter status, there were people comparing the prices of iPhone when they first came out until now and to be honest, that post really opened my mind.

From the day I found out about Bitcoin, I put aside all my other hobbies. Because I know that if I have money, I will always be able to buy new models of phones and various products. But if I spend the money on other things then I will lose that opportunity. I will be able to make my future better if i invest that money instead of buying  iPhone that will turn into a big asset after some time. Just as there was a huge difference between the current price of Bitcoin and its price 10 years ago, many are now able to predict what level it may reach 10 years from today. If you have one phone then there is no reason to buy another phone.

That friend of yours clearly has little or no information about being financially literate. Putting it in simple terms, he's not ready to get rich. Who spends such an amount of money buying the latest liability (whatever asset that isn't raking in revenue is a liability irrespective of what it is) and still expects to be rich or be financially free. Your friend should thank you and look for more of your kind to keep as friends. He will observe his financial status will take a new course in a very short while.

Financial education is important only to those who know about it but then everyone is supposed to know about it.

Good realization and this is something that should really be done in the first place on which dont make yourself that buying on things which depreciates value like Mobile phones, cars and other liabilities that we do know.
If you have made out those kind of realizations then congratulations you are really that mature enough and really that minding about your future plans which ending up with this kind of endeavor on engaging with investment which it might not really be just that limited with Bitcoin/Crypto but also in other investment as well on which it could really give out that kind of financial enhancement or progress if its done right.
We could really make out some advices basing up with our own experiences on which it is really just that right or wise thing to do because spending or splurging cash into something that not appreciates its value
would really be just simply a waste.

Dont put up yourself into such scenario that you've been struggling on day to day living just because of making some bad financial decisions that you had made out in life.
No one is perfect but doesnt mean that you wouldnt really be mindful about on the things that you are currently doing. Mistakes are common but people do learn with those mistakes
and make those improvement later on which its a common action to be done.

I don't think 200$ investing opportunity in a coin like Bitcoin would be a smart choice as the amount is too small. One should invest in Bitcoin if he has a little bit larger amount than this. So, he should get a proper profit. As the price is Bitcoin is too high, as it is now at $31k so if it pumps how much profit he can get from $200 in a month, only a little? It is better to invest these dollars in some other coins if he really likes trading and if he has much knowledge about it and can get a profit easily, then it would be better to invest in different coins. But it should also be not in a single or two. Otherwise, there will be more risk in doing this.
And things like the iPhone I don't think the investment is these things have more capitalization because as compared to trading these are just work I can say in other words.

The author suggests that the choice between investing money in a gadget like an iPhone depends on the individual's priorities and use case. They argue that it's not necessary to spend all your money on Bitcoin and sacrifice basic needs for a fulfilling life. Instead, allocating resources to various types of spending and investments can help strike a balance between living a good life now and planning for the future.

The good thing about what you did is that you just shared and gave a suggestion about the investment here in Bitcoin, and you explained it well to your friend. He had doubts that you were right, so your friend decided to invest in Bitcoin. Good job there, dude.

Then I even saw something on the news that an iPhone fanatic said in an interview that buying an iPhone is an investment for him; the iPhone 15 is around $2,000 here in our country. When this device became an investment type, its value decreased as time went on, so if it were me, I would not buy such an expensive mobile device, to be honest.

With that amount of money, I can get rich if I use the money I bought here in Bitcoin and other cryptocurrencies that are top-listed in the market if I will hold em in until bull run comes.

The price of the iPhone 15 is $799 and the iPhone Plus and iPhone Pro Max price is higher than $799. If my friend wants to buy the iPhone I will strongly refuse it and give suggestions to invest it in Bitcoin. The first thing I will tell him about the benefits and the purpose of Bitcoin how it was invested and for what purpose it was invested and telling him the uses which take place nowadays after telling him these things I will also make him aware of the risk involved in the Bitcoin because he might be the thing that it is a quick rich. Scheme. If he invests all the $799 or some part of this amount he will buy an iPhone with the invested money but before investing, I will first teach him how to make an investment, which strategy is useful for him when to enter and leave and also telling about the coming bull if he would understand the Bitcoin easily then I will make myself proud because through me a person can meet what he deserves if he passes and start working consistently. I also recommend you give more information about Bitcoin to him so his. knowledge will be more vast and the chance. of. losing ground or error will be minimal.

The thing is, you can't force anyone to do as you say. Their minds are different from what you believe in (especially if they are not aware of Bitcoin) and many people are getting satisfaction when they buy this iPhone. It could be a reward for themselves or they just don't want to missed the new release model. Investing in Bitcoin or not, the future can still be bright depending on what they do on their lives to become financially stable.

Good to know you convinced your friend to invest his money rather than to use it to buy iPhone. Just make sure that he understand what he's getting into so you won't be blame just incase his expectation is not met. We're optimistic for the future of Bitcoin but as we know, often, it takes time before we can see the result therefore one must be patient.

Being able to resist the desire to own luxury goods and choose to use some of the income we have to invest, I think you have made the right choice, but it will be different if we really need these goods to earn income. It's true that there's nothing wrong with using the income we have to buy what we like, but if that doesn't produce anything, I think it's better to use the money we have to invest.

Sometimes it is difficult to be able to advise people even close to us. Even if it's a friend. Because sometimes someone is motivated to collect money to buy the things they dream of and it will be difficult to stop. Because from the start they already had a goal of owning this valuable item. But if someone doesn't plan it from the start. like they collect money not for a specific purpose, it is still possible for us to advise them to think more about allocating the money to things that can build a better future. For example, by investing in Bitcoin. And when this topic was created by the OP. At that time the price of Bitcoin had not risen as much as it does now. And if at that time his friend invested his money in Bitcoin then surely right now OP's friend is smiling happily seeing the profits he has from his investment.

Fortunately, the price of bitcoin has increased significantly since the OP's thread was created but what if its price has not increased and decreased? I mean, giving financial advice to others is not a wise idea because we never know what the future will hold. Furthermore, I also believe that OP's friend already has a plan, money to buy necessary things, investment money or savings are all separate expenses. Very few people will use their savings or daily expenses to buy unnecessary luxuries.

If we are a rich and successful person, if we teach or give advice, people will listen. But if we are poorer than them and have lower income than them, don't try to teach them how to spend money.

A lot of people are fixated on status symbols like the iPhone, especially the 15 Pro Max. This is definitely a sign that they are financially stable. You say its a hobby for some; I say its a trophy for many. Still, who can blame someone for wanting to indulge? After all, its their hard-earned cash. But this is where things get tricky: spending vs. saving. You're right when you talk about Bitcoin. Do you remember when Bitcoin was just a name? Now, its the name.

But it's not easy to give someone, especially a close friend, advice about their money decisions. If you step on it, the ice could break at any time. You see Bitcoin's promise, and it's true that its rise has been huge. But dreams and wants can make it hard to make decisions. If only OP's friend had known how smart it was to invest back then! Still, arent we all slaves to our wants? The appeal of a brand-new tool can sometimes overpower the chance to make things better in the long run.

Your friend should ask himself first whether having that new phone really help him or does it elevate how he normally does his daily stuff? If there's no changes that will happen when your friend buys a new phone then that means that he didn't need that upgrade besides vanity and keeping up with the trends. Tell your friend to start reassessing his priorities because if he keeps up a lifestyle like that, I am sure that we're going to see him not improving financially.
If the argument is living a good life, there are other ways you can spend your money while not hurting or burning a hole in your pocket, going on a hiking or going on a trip doesn't require you a lot of money but I can guarantee you that the same fulfilment you get from buying a phone will be given to you, or if you want extreme fun, invite your friends to play a little airsoft match or go to a gun range.

That completely depends on each person. In my case, my friend is a content creator and photographer, he just bought an iPhone 15 pro max 1T. In your opinion, should I advise him not to buy an iPhone and invest that money in bitcoin? Meanwhile he will use it for his work and maybe make many other iPhones in 1 month of work. We need to know what their purpose is when buying a phone and give them appropriate advice. Bitcoin is not the only investment that generates profits, there are many professions and jobs that generate better profits.

This would literally test your friendship. If he followed your advise, I assume that he will be expecting you to always be theere when he needs helps especially your friend bought BTC instead of the iphone that he wants. And that's what friends are for haha
It's awesome that you're encouraging your friend to be cautious and start small. I think both of you will learn from this, that you can actually encourage people to invest in BTC and your friend can actually invest and improve his financial state.

This makes a lot of sense actually, people are always unwilling to take bold step when it comes to investment. There are lots of investment in the crypto space that one can invest in, just like the flexible savings.

Your assumption is quite reasonable, when someone invites other people or for example their friends to invest then yes indirectly they will always follow you and especially when facing a problem in their investment, they have been willing to put aside their desire to buy an Iphone in order to follow some advice from you to start investing from the smallest things for a big increase in terms of investment in the future. This will indirectly test the friendship between you and your friend, solidarity is needed in this situation because you have made an agreement to start something new and I hope you will not run away from your responsibility as a person who has given advice like this.

This is a good start, you can experiment with your friend before you invite more people to follow your way, as we know investment is quite risky and you should consider this before you are confident to invite more people. Because you will have a lot of responsibility if the people you invite experience losses that are beyond their means, so you must prepare a solution for such conditions.

I second with you about that, bitcoin investment is not for all, maybe you are open minded to it and knowledgeable to it but don't expect that you can influence all your friends about investing in bitcoin, also buying the stuff they want is depends on them maybe they just want it to reward their selves or they need that stuffs, I get it the op is a future oriented he only thinks practical and invest in bitcoin than buying stuff, which is also good because investing in bitcoin will get you more than what you want. Again bitcoin investment is not for all, lets say they invest in bitcoin, how can you be so sure that they will earn in a specific date and time? We never know because we can't accurately predict the movement in the market also, investing in bitcoin requires funds, its not just you want invest and just hope you will earn that's not how bitcoin investment works.

No. Bitcoin investment is for everyone. Anyone can buy as long as they want. However, not everyone is interested in investing nor has the time to learn how to invest Aside from that, influencing other people may be hard as they don't think of currently investing or they are afraid of getting scam.

It's good to be practical and influence other people especially when it comes to investment. But always remember, some people do not want to hear investment advice, the kind of people who just want to enjoy spending money and buy everything they want.

Of course you can't blindly advise your friend. This may reduce his trust in you as you said. If the iPhone is purchased for any purpose then it must be considered an investment. As your friend is a photographer he must buy the phone for his work which is most needed. If he was advised to invest in Bitcoin here, it would definitely not make sense. Moreover, there is no guarantee that an investor will be profitable by investing in Bitcoin. Although it is the best investment in terms of investment. But what the OP basically tried to imply here is that investment is advised for those who have no business with the phone but are busy buying the phone. If they invest according to that advice then they can earn profit from it in short period of time.

Op You have given good advice to your friend that instead of buying an iPhone, he should invest that amount of money in Bitcoin and he will benefit from it.  As you said your friend got interested in investing in Bitcoin after you told him all the information about Bitcoin. Your friend will invest Bitcoin without buying an iPhone. I think give your friend good idea about bitcoin first.Bitcoin risk then more about bitcoin everything about bitcoin give you an idea. Then if he wants to invest Bitcoin then he will invest. If your friend doesn't understand about Bitcoin. So if he wants to invest Bitcoin according to your words then if he face loss then vice versa but he will blame you. Bitcoin requires patience. Since your friend works a job, discuss with your friend whether he can find time for Bitcoin.

Investing in an iPhone may be more financially profitable for your friend than investing in Bitcoin. Although, there are numerous possibilities on both ends I think your friend may have reached this conclusion based on their the goal he has set for himself. There are many people earning by simply using their phones for work. For example what if your friend decided to become a content creator and produce engaging, educational videos from their phone? Content creation is a highly lucrative field. By amassing a large following, your friend could earn money from ad revenue and other streams resulting from creating content allowing them to repeatedly invest in Bitcoin.

  Sorry to cut you off there but buying an iPhone is not an investment, an iPhone is not an asset rather it’s a liability, the price doesn’t appreciate the with time rather it depreciates, the price of an iPhone 15 now can’t never be the same in 2 to 3 years from now. Investing in Bitcoin is not a sure banger bet, yes we know how promising Bitcoin is but yet people still lose their money on it.  So bitcoin even at his glory also has its disadvantages, perfect timing, patience and knowledge is important if you want to invest. Just as we can’t predict the future of the market and Bitcoin being a volatile asset a lot of people fall into its traps.
 However, we can actually control our losses in the space, we just need to be more enlightened about the use of Bitcoin and how to analyze the market, it’s is not only by investing. There are things we need to know first before investing things like knowing the price action of bitcoin learning about the candlesticks and knowing how to analyze the market, as we all know  information is power. Some people don’t have the patience of  learning the process about Bitcoin. You won’t judged them everyone has their own strengths. But if one needs to engage in Bitcoin, he should do more learning and follow up people that can give him authentic advice and information about the market.

My cousin is a tiktok content creator and she scrambled to buy an iPhone in the first days of sale and was one of the earliest iPhone unboxers in my country. I don't remember exactly but her video attracted hundreds of thousands of likes and that month she said TikTok paid her 1.5 times more money to buy an iPhone. Even if you call it a liability, it's bringing a significant profit to her. Do you think buying an iPhone in this case is a waste?

She can own a luxury phone which is the dream of many people, and at the same time can make a profit from it and do you call that liability? Bitcoin is not the only tool that brings profit, everyone has a different mindset and way of making money. Don't be quick to judge others when they are different from you.

DCA is good though but most newbies lack the understanding on how to use it. Users should try as much as possible to study and understand the volatility of the crypto market in order to help prevent loss. Also there are some functions like Bitget smart portfolio that helps to automatically rebalance your asset in order to prevent loss.

Don't get Complicated , what you Should do with your friend is tell him that if he has money to buy Bitcoin, that's what he should do, there is no other option , if he wants to have money in the future he has to do it, of course this is that he stands out among everything so that he can give and mark the best , if he wants to invest in other things that's fine, it's not bad, but if he wants to be with the best option is bitcoin, invest in Real Estate , or something that can give money , but the New thing, the new Generations want to put a lot of money into it, so let me buy bitcoin , I am the one Who will buy and keep it , and when I see it I am sure that I will have 1 bitcoin.