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

[rhomelmabini]

credits to @CryptoManiaks FB page in regards to the image

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

[NeuroticFish]

Imagine if you've invested it in Bitcoin instead of a fad that can be replaced in just a year

The thing is that most didn't know about Bitcoin when iPhone 4 was launched.
And this makes the image, although nice, basically useless.
Also some will prefer to invest, some others will prefer to spend, few will find a good balance between the two.
And I will end with: it's counterproductive to spend much time on "what would have happened if..."; it's better to focus on doing better in the future.

[bittraffic]

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

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

[Gozie51]

This is the effect of material careless spending. Some people delight in material buying and spending. The iPhone 4 is like the guy who bought pizza with bitcoin 11 years ago haha. More people are going to do more careless spending with bitcoin or altcoins that they think are not valuable now but we are all going to be surprised in another ten years.

[Hamphser]

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

This is why i do never make use of my coins on buying out something specially with gadget or things that do really depreciates fast and instead do stick with fiat and save up those coins instead.

You do know the profit potential in the future and its just dumb for you on actively spending it through the years and when the time comes where it did really make out some price rise then

it would really be leaving out a regrettable feeling.If you do really like to buy a phone then you could always use your money or fiat itself.

[rhomelmabini]

Imagine if you've invested it in Bitcoin instead of a fad that can be replaced in just a year

The thing is that most didn't know about Bitcoin when iPhone 4 was launched.
And this makes the image, although nice, basically useless.
Also some will prefer to invest, some others will prefer to spend, few will find a good balance between the two.
And I will end with: it's counterproductive to spend much time on "what would have happened if..."; it's better to focus on doing better in the future.

I know what you mean but this was just the sake for example but I think the release of iPhone 7 and 8 people already take a notice to Bitcoin, and probably the rich kids does. One more thing, it will really a regrettable decision if one individual already take notice and still wanted the iPhone than investing it in Bitcoin.

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

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

The fact is not, the prominent purchase of an item using Bitcoin was that Laszlo's 10k pizza and I think there are other examples of it but spending thousands Bitcoin for an item, I think it haven't repeated, I may be wrong. I think an iPhone 7 doesn't cost that much maybe you're referring on your own denomination of currency.

[Yaunfitda]

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

Iphone 4 was released in June 2010, so I doubt that someone has bought it using BTC.

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

As long as you can make a call or SMS, smart phones are still of used.

However, comparing Iphone and buying it with BTC is not applicable in my opinion. I would say that be smart, used our money very well, personally the last time I have an Iphone was like 7 years ago and I never bother to buy one again. Might be better to invest my money on others that will give a good returns.

[buwaytress]

I didn't even know there were so many phones, I tend to buy whatever's the cheapest with the most storage as that's what I always do.

I'd happily buy with Bitcoin if it were cheaper to do so -- I anyway have to sell Bitcoin to buy stuff like that, so there's no difference, and yeah, I know down the line, almost anything I've ever bought in the years past with BTC would have cost far less BTC than in the present.

But if no one bought shit with BTC, would the demand (and price) ever grow so well?

Hugs for Laszlo.

[sunsilk]

The year when iPhone 4 was launched, there were not that many people that knew about bitcoin but that's hella of bitcoin at that time and the future valuation of bitcoin of bitcoin during that time was still uncertain. I think if I own that much by that time and I think that I can purchase that model of iPhone then I might do the decision that I'll regret forever.

But iPhone to me is just a want and not a need so I'll just keep the current bitcoin that I have or will reinvest it to something that will make me more money. And maybe a few years, we can buy latest iPhones with a thousand of sats.

[Lucius]

It may be interesting to go back in time and compare how much something cost in BTC, and because of the very low price of the same, the differences are of course amazing and hard to comprehend. Yet back then, few even tried to buy something directly for BTC, because relatively few people (compared to today) even knew that Bitcoin existed.

Investing in something we need is never a bad thing, and most of us today need a smartphone - so while some prefer cheaper models that will serve them for 1 or 2 years, others are willing to pay a lot more and use such a phone at least 4-5 year. Personally, I don’t see the logic in buying new (expensive) smartphones every year, because the improvements over the older models are mostly in the design and unnecessary improvement of the cameras.

In addition, the people who invested in BTC at the time mostly kept them in the wrong place, and we know how that ended...


Source

[sujonali1819]

This is hilarious. 2857 BTC for only one Apple phone. The man who have brought iPhone 4 with 2857 BTC is still alive after seeing the rise of bitcoin price? Lol
I thought maybe iPhone 4 was launched 2014-2015 . And I was surprised by seeing it. But it was launched during 2010 when Bitcoin was new and only few people was know about it. So it was normal according to USD value.

[Findingnemo]

credits to @CryptoManiaks FB page in regards to the image

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

Okay, that's impressive stats even if someone didn't know Bitcoin by that time still if they made investment on Apple shares instead of their products still they could be in huge profits and from this we can understand the importance of investment and delayed gratification when someone wants to be rich and attain financial freedom.

[el kaka22]

If anyone ever asks you why you think bitcoin will always go up in the long run, you can either show them this, or you can show them the tesla price of it as well. However if we are going to be honest, someone should do one with Apple stock instead of apple products. How did bitcoin performed against apple stock? That is an important part of the deal as well, like for example in the past 5 years, it went up over 8x as well; which is not as good as bitcoin of course, but at least it is not the price of iphone level neither.

If you invested 1k during 2016 to bitcoin or apple, you would have been wildly richer with bitcoin, but it wouldn't be as big of a difference as iphone prices, that is the key here. We made more money than apple stock as well, that is the thing that we should be focusing on, and I believe that we will keep on outperforming the market for a long time as well.

[noorman0]

There will be no comparison when assessing the benefits of an item. Some people who bought iPhone4 10 years ago may have made millions of dollars today because they are content creators while some bitcoin holders are not enjoying the return on their investment due to loss of access to the wallet.

Life scenarios are unpredictable. So, prioritize decisions for long-run benefits, not those that look promising in the future.

[adaseb]

One thing to consider is that an iPhone 4 was much much cheaper than an iPhone 13. I think the iPhone 4 was only like $500 but how much is the iPhone 13( not mini) it’s basically double that pretty much. I know there is inflation and all but for it to be double is just nuts.

I think the reason they get away with this is because people just get a plan and basically pay for it monthly like it’s a mortgage or a car loan, which is pretty crazy in my opinion.

The new phones are nice and all but I usually just wait until they are about 3-4 years old and buy them second hand for $100-$200. Most people keep it in a case so it looks brand new and the battery is usually about $10 to replace on Amazon.

[pooya87]

Some people here are focusing too much on meaningless details such as whether you could buy an iPhone with bitcoin or whether anybody bought it, or whether it was even released back then! These are all pointless.

Things like this simply show how bitcoin's value has significantly grown over the years. Believe it or not some people have a very hard time grasping how something they were told was going to die has gone up so much that it is worth nearly $50000 and the size of this growth is something they can't quite grasp. So comparisons such as this one helps with their tiny brains.

[davis196]

Imagine if you've invested it in Bitcoin instead of a fad that can be replaced in just a year

The thing is that most didn't know about Bitcoin when iPhone 4 was launched.
And this makes the image, although nice, basically useless.
Also some will prefer to invest, some others will prefer to spend, few will find a good balance between the two.
And I will end with: it's counterproductive to spend much time on "what would have happened if..."; it's better to focus on doing better in the future.

This comparison is created just for the sake of looking cool,not because it's accurate or because it makes any sense from a financial or economical point of view.
Comparing the historical prices of a consumer product being measured in a currency/financial asset,which became incredibly valuable in a really short time frame(a few years). There is no point of doing this.
iPhone is overpriced and it gets old/obsolete pretty quickly.The main reason why the people buy iPhones is to flex around and show how rich and cool they are,in front of their friends and family.

[hatshepsut93]

It's so easy to judge people when you know exactly how things have played out over they years, but I can bet you can't predict the next big thing that will show performance similar to Bitcoin in early days. When this thing will emerge, people will be saying that it's a scam, a bubble, it can't work, etc. But at least iPhones and other things bring people immediate gratification.

[Hippocrypto]

Instead of spending too much on luxurious gadgets, maybe it's now time to divert all those materialistic desires and turn our ways on bitcoin. Let's think about profitable future of our lives, don't let your world falls on technology advancements. If we need phones and other stuffs, just take only for its purpose and not by fashion.
Bitcoin is a good assurance for gains, so as a trader or holder make it a good decision to choose it wisely instead of ignoring it.

[crzy]

Buying an iPhone is fine if its fulfill your satisfaction then so be it, we are investing to buy the things that we want so there’s no wrong about it and beside that time there’s no assurance that Bitcoin can soar like this that’s why very few was able to hold Bitcoin by that time. Though right now, this has been my wake up call not to spend too much on material things that depreciate in just a year, i’d rather invest it for now and buy good things in the future.