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Author Topic: How much Bitcoin is needed to buy iPhone 15?  (Read 610 times)
bluebit25 (OP)
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September 13, 2023, 04:46:29 AM
Merited by kryptqnick (2), fillippone (1), albert0bsd (1)
 #1

Recently, Apple officially launched iPhone 15 with many improvements and new features.



At Apple's event, the company introduced new products along the iPhone 15 line. The selling price of the iPhone 15 in the US remains the same at $799.

So how much Bitcoin do you need to buy a new iPhone, depending on the year?
Below is the amount of BTC needed to be spent during that period to buy each new iPhone model on launch day:

  • iPhone 4s – 162 BTC
  • iPhone 5 – 53 BTC
  • iPhone 5s – 5 BTC
  • iPhone 6 – 1.7 BTC
  • iPhone 6s – 2.8 BTC
  • iPhone 7 – 1.1 BTC
  • iPhone 8 – 0.19 BTC
  • iPhone X – 0.14 BTC
  • iPhone XS – 0.15 BTC
  • iPhone 11 – 0.068 BTC
  • iPhone 12 – 0.051 BTC
  • iPhone 13 – 0.018 BTC
  • iPhone 14 – 0.042 BTC
  • iPhone 15 – 0.031 BTC
  • ...

While the larger version iPhone 15 Plus starts at $899. iPhone 15 Pro will be priced at $999, while the larger version iPhone 15 Pro Max will be priced at $1199, iPhone models will be available for pre-sale on sep 15.











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September 13, 2023, 05:14:52 AM
Merited by Wind_FURY (1)
 #2

This is an illustration of the value of hodling and the evil of inflation.

We all know how Bitcoin's price has grown more than 2 billion percent over the years. 1BTC used to be just $0.001. Now it's $26,000. Between $0.001 and $26,000, many supporters and believers sold their coins thinking they have already made money out of it. Little did they know that the price would continue to rise.

The primary reason is that Bitcoin is inflation-proof. With Bitcoin, nobody has the power of the printer. No one can indiscriminately inflate its supply. No president or central bank governor has the power to devalue the currency such that in the Bitcoin standard prices are falling rather than rising.

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Kakmakr
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September 13, 2023, 05:34:19 AM
 #3

The bigger question are.....

How does the person with the iPhone 4s feel now.... after they bought it for 162 BTC? Those bitcoins are now valued at $4 192 000 at todays price of $25 870 per bitcoin.  Roll Eyes

This is the reason why most people are hoarding their coins and using it as an investment option and not as a Currency. Would you spend your bitcoins buying an expensive phone...and after a few years, finding out that it would have been worth 800 times more.. than what it was ..when you bought the phone?  Huh Huh Tongue

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EarnOnVictor
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September 13, 2023, 05:41:11 AM
 #4

This is an illustration of the value of hodling and the evil of inflation.
What I see here has nothing to do with inflation, the USD index is holding tight as well. This is a product that the developer sets a price for just like any other new and upgraded product. The manufacturer can set any price that comes to their head for their valuable products.

It's perfect to have ended it at "the value of HODLing of Bitcoin," which is what causes the BTC's huge appreciation against the iPhones' price, not inflation.

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September 13, 2023, 07:52:26 AM
 #5

@bluebit25

There is a thread before yours with an ongoing discussion about this same topic: Ignore the new Apple toys & Invest in Bitcoin, history always repeat itself.

The best is to lock this thread.

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September 13, 2023, 08:05:41 AM
 #6

Some people joke that they would have to sell two kidneys to buy the iPhone 15. But you mention something different here. You have discussed here how much btc to buy iphone 15. iPhone 15 pricing may vary by location. iPhone series phones are very expensive when they are first in the market, but after a few days of the same model in the market, its price comes down a lot. If you want to buy the iPhone 15 at the beginning, you will have to spend a lot more money to buy the iPhone 15, but if you want to buy the iPhone 15 a few months after the release of the iPhone 15, you can buy it for a lot less than the initial release price. I'm not telling you how much btc it might cost to buy an iphone fifteen because the price of btc fluctuates from time to time so the current estimate will not match the estimate at the time you buy it.

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September 13, 2023, 08:13:55 AM
 #7

This is the reason why most people are hoarding their coins and using it as an investment option and not as a Currency. Would you spend your bitcoins buying an expensive phone...and after a few years, finding out that it would have been worth 800 times more.. than what it was ..when you bought the phone?
If I really needed the phone and liquidating some bitcoins was the only option to get it at the time, I will not regret it at all; hopefully I still have some in my portfolio and I manage to buy some more later when I got more cash flow.
Bitcoin is primarily used as an investment, but it is okay to also use it as a currency as a daily habit where it is accepted.

- Jay -

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September 13, 2023, 08:27:41 AM
Merited by EarnOnVictor (1)
 #8

This is an illustration of the value of hodling and the evil of inflation.
What I see here has nothing to do with inflation, the USD index is holding tight as well. This is a product that the developer sets a price for just like any other new and upgraded product. The manufacturer can set any price that comes to their head for their valuable products.

It's perfect to have ended it at "the value of HODLing of Bitcoin," which is what causes the BTC's huge appreciation against the iPhones' price, not inflation.

Admittedly, it's largely because the value of bitcoin has increased so rapidly that it makes a difference when compared in this way, but if you think it's unrelated to inflation you're not entirely right. The value of the USD is not held tightly, it also loses value over time and the reason is that inflation is also eroding the value of the USD. If you compare the value of your country's currency with USD, you will see that USD is holding its value very well, but if you look at the value of gold and USD. You will see that it is not gold that is increasing in price, but USD that is losing value. This is similar when comparing USD to bitcoin because USD is printed daily while bitcoin's supply is finite.

Looking at this chart you will see how the value of the USD is depreciating year by year. Bitcoin is the solution.


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Sexylizzy2813
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September 13, 2023, 08:53:22 AM
 #9

This is really catchy I must say, having something like 0.031btc and you say I should use it to get an iphone 15? Like why the hell am I going to use such huge amount (I know to some it ain't that huge) to get a device?
Well I think is for those who have enough to spare because I don't think someone who's struggling would think of getting an Iphone 15 for 0.031.
I can only think of that if the iphone can get my BTC wallet to at least 2BTC, that alone would but a smile on my face.
With the market not in the favor or any investors I don't think anyone would consider getting such a device with that amount.

R


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September 13, 2023, 09:27:21 AM
 #10

It is a little bit crazy to think that you can get a new iPhone now for such a small amount of BTC. Surely Bitcoiners won’t be spending their BTC on this, but it’s nice to see how extreme the appreciation of BTC has been over the years. Comparing it to iPhones is a decent way to show the increase in valuation over time.

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September 13, 2023, 09:35:43 AM
 #11

iPhone 5 – 53 BTC
iPhone 5s – 5 BTC

Are you sure this isn't a typo? 10x less BTC needs to be paid to buy an iPhone 5s as compared to the iPhone? No shot.

Soon there will be a day when you will have to pay just 0.0047 BTC to get an iPhone, when Bitcoin will be near $170k. Maybe that will be iPhone 17.
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September 13, 2023, 09:51:43 AM
Merited by Ayers (1)
 #12

This is an illustration of the value of hodling and the evil of inflation.
What I see here has nothing to do with inflation, the USD index is holding tight as well. This is a product that the developer sets a price for just like any other new and upgraded product. The manufacturer can set any price that comes to their head for their valuable products.

It's perfect to have ended it at "the value of HODLing of Bitcoin," which is what causes the BTC's huge appreciation against the iPhones' price, not inflation.

Admittedly, it's largely because the value of bitcoin has increased so rapidly that it makes a difference when compared in this way, but if you think it's unrelated to inflation you're not entirely right. The value of the USD is not held tightly, it also loses value over time and the reason is that inflation is also eroding the value of the USD. If you compare the value of your country's currency with USD, you will see that USD is holding its value very well, but if you look at the value of gold and USD. You will see that it is not gold that is increasing in price, but USD that is losing value. This is similar when comparing USD to bitcoin because USD is printed daily while bitcoin's supply is finite.

Looking at this chart you will see how the value of the USD is depreciating year by year. Bitcoin is the solution.


I can now see where the error is coming from with your explanation and the image attached therein. The truth is that people who are not truly trading, investing or practical with economics and data often mistake what they read from the media. I'm exempt since I've been fully involved in such for almost 20 years now. Besides, the only metric to know the true value of the USD is the "USD index," nothing else, and you can quote me to a real economist on this. It has its own chart that reads the falling and the rising moments. You can get it online and study it yourself about how the power/strength of the USD has been playing out over the years.

Do you know how you are making the mistake? Inflation is internal while the assets you cited are global. You are disregarding the fact that global commodities like gold and crude oil are being priced and influenced by many factors. This is why crude oil, for example, at times could be priced as low as $10 per barrel when there is nothing happening to the status of the USD at all (no inflation/deflation), and at times, the same crude oil could be priced at over $100 per barrel, also without anything happening to the purchasing power of the USD. By this, you are mistaking purchasing power for the dynamics of these assets in that they could have their bearish and bullish moments even when the USD is stable. Take gold for another example, it is an asset, an asset that appreciated in value significantly over the past years. You don't expect the same amount in USD that bought it years back to buy it today when the asset has appreciated. That is why they are investments, people make money from their appreciation, and the purchasing power of the USD is almost totally irrelevant here. The USD is a currency, whether it remains the same, decreases or rises, assets will surpass it as far as they do well. This is also the reason you can't price the same US stocks that have appreciated over the years with the same amount of dollars you bought it 20 years ago. The value has risen, but it doesn't mean the USD fell. That's the reason I said it's the value and not inflation.

In other words, it's not the purchasing power of the USD that reduced but it's the said asset that appreciated significantly in value. The USD can't be appreciating that much as a currency, otherwise, it's a big problem for the USA's trade balance.

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September 13, 2023, 10:06:50 AM
 #13

Snipped

Buying of iPhone regardless of the year of the maker, there's an important thing to consider when making a decision of such, what are we using the iPhone for, what are the major investments we already had before the thought of buying an iPhone came onboard, am sure you cannot buy bitcoin without having a device to use in handling it, but if you already have one or two devices, why the need of switching to the latest version just for fantasy, when you can actually make an investment with bitcoin with the money used, in cases like this, we can say it's misappropriation in priority investing on liabilities instead of an asset like bitcoin.

R


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September 13, 2023, 10:11:02 AM
 #14

Given the new features compared to the price, it is foolish to buy an iPhone with Bitcoin. The price of Bitcoin may double several times before the iPhone 16 is released, yet the features remain the same.The only evidence is that Bitcoin is developing better than Apple, as I began to feel that they have lost the passion and there are no longer many distinctive innovations, and therefore we may succeed within 18 months of exceeding Apple market capacity.

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September 13, 2023, 10:26:36 AM
 #15

The USD is a currency, whether it remains the same, decreases or rises, assets will surpass it as far as they do well. This is also the reason you can't price the same US stocks that have appreciated over the years with the same amount of dollars you bought it 20 years ago. The value has risen, but it doesn't mean the USD fell. That's the reason I said it's the value and not inflation.

In other words, it's not the purchasing power of the USD that reduced but it's the said asset that appreciated significantly in value. The USD can't be appreciating that much as a currency, otherwise, it's a big problem for the USA's trade balance.
The value of an asset increases with time and likewise the value of money depreciates with time because of inflation. The increase of value of an asset is due to inflation. If you can remember when we were young,you can use only one dollar to buy lunch but presently,it is impossible. This is because the cost of production is high now compared to then.

When an iphone is first launched into the market, the value will be high and as time goes on,it will start depreciating. But these days, the cost of the phone will stay at that same price of launching or it will even increase in price due to inflation. The current price of those iphones is because of the current price of bitcoin and if the price of bitcoin increases significantly due to good news in the market, then the price of those phone wouldn't worth the amount, but lesser than the amount. As for gold that you stated, you should remember that it is a store of value and an investment that can't be eaten up by inflation and that is why the value increases.

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September 13, 2023, 10:40:07 AM
 #16

...
No matter the pressure, the more important thing for me right now is how to get more bitcoins, not how to take from the little I am gathering to get an Iphone that is not an asset or good store of value and the value over time will reduce. Many people are consumed with using the latest gadgets and will without thinking take out money from their btc in keeps to get the Iphone 15 even if they had the Iphone 14. It is not a bad thing is you can afford it, but for someone like me that wants to keep my small bitcoins until the bull, I am okay using my phone without thinking of how many btc it will cost me to get the new Iphone.

R


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September 13, 2023, 10:42:01 AM
 #17

I love the list, op, as it really shows how much value Bitcoin's been gaining over the years in comparison with something particular that many people know and quite a few people value. I think that Apple products are simply overpriced and not better than those of competitors, so I never choose Apple over other things. It's purely about brand and not about quality. Bitcoin, on the other hand, does not have a brand, as it's not a company. It's all about quality, reliability, and trust that people place in the product. Bitcoin's surely a better investment than buying another iPhone.
Also, add to that regional price differences for iPhone, accounting for local taxes. So, in my country, iPhone 15 (the regular one, not Pro) is actually worth the equivalent of 0.041 BTC.

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bayu7adi
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September 13, 2023, 11:02:39 AM
 #18

I can only think of that if the iphone can get my BTC wallet to at least 2BTC, that alone would but a smile on my face.
With the market not in the favor or any investors I don't think anyone would consider getting such a device with that amount.
When Tim Cook, the CEO of Apple, unveils his latest gadgets at what you may consider a high price point, some individuals who are exceedingly affluent might acquire multiple units of the newest iPhone without the slightest concern for their economic burden. They constitute a well-established and tested market, having engaged with previous Apple products. However, I believe the people here have learned a great deal about making prudent financial decisions, to the extent that the calculations for the depreciation of such items may not align with the offered price.

I'm confident that Apple products will continue to attract enthusiasts, but I don't count myself among them. Given my current financial circumstances, it doesn't justify ownership. There are more pressing priorities in my life than acquiring a smartphone.
avp2306
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September 13, 2023, 11:10:02 AM
 #19

...
No matter the pressure, the more important thing for me right now is how to get more bitcoins, not how to take from the little I am gathering to get an Iphone that is not an asset or good store of value and the value over time will reduce. Many people are consumed with using the latest gadgets and will without thinking take out money from their btc in keeps to get the Iphone 15 even if they had the Iphone 14. It is not a bad thing is you can afford it, but for someone like me that wants to keep my small bitcoins until the bull, I am okay using my phone without thinking of how many btc it will cost me to get the new Iphone.

For people who create a lot of contents for their  channels maybe this is a good investment to them since they can use it everyday and get a return for using this. But if you are a regular person which invest on bitcoin well I don't think you need that just to follow the trend since we know there's no price appreciation on iphone so this is just a waste of money if your phone still working and you can regularly use it on any means.

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Gozie51
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September 13, 2023, 11:15:12 AM
 #20

This is amazing to see how bitcoin has been valued over the years. Bitcoin has shown it is better with high rate of inflation and that it is always better as assets and investment. To
This is a huge difference that bitcoin has achieved over the years, to see that at a time iPhone 4s cost 162 BTC, iPhone 5 – 53 BTC
....iPhone 14 – 0.042 BTC and now iPhone 15 – 0.031 BTC. This shows an increase in the value of bitcoin while technology improved.

Of course this is showing that bitcoin has got better standing than fiat because such value in fiat at the price of 162 BTC for iphone 4s would be multiple percentage increase in fiat.

Moreover, this is not particular about iphone but every other in relation to fiat. For example, if you check your wallet on the value of transacted btc, you can understand how much was 0.002 btc in fiat two years ago and how much it is now.

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