How valuable BTC has become overtime

[qwertyup23]

This doesn't affect me personally because I consider my old transaction a push in order to have this great success in the crypto industry. if weren't for those transactions we have back then, we wouldn't even talking all these things here or they might even be ignored or forgotten because it won't survive if those transactions never happen. Right now, all I can do is just continue doing the things I want which is buying low and selling high and a little bit of trading as well, in that way I'm still getting some decent amount of income whenever the price gets back to its ATH.

If we laughed at and criticized those who chose iPhones over bitcoin many years ago, we should also laugh at those who sold bitcoins for 1 thousand dollars or Laszlo Hanyecz who spent 10 thousand bitcoins to buy 2 Pizza.  we should even regret spending so much in the past because if we had let that money invest in bitcoin we would all have become rich.  I've seen so many threads about this meme in recent days that I really find this a pointless and tasteless comparison because the future is unpredictable.

I somehow understand the people who sold their BTCs for a handful of relatively cheaper items (e.g. pizza, iPhones, etc.) given the state and nature of BTC during that time. But with all the recent developments, news, and breakthroughs that BTC had evolved, people should consider its potential and opportunity in HODLing it for long-term.

At this time, it is highly recommended for people to HODL and at least invest it for either short or long-term. Given its price history index, that is proof that the trend of the price is to increase especially during forks.

[dezoel]

Being able to buy an iPhone 13 with only 0.018 BTC back in 2021 shows how much valuable Bitcoin was in 2021 which was the bull run year of the previous cycle and when Bitcoin had hit the all-time high price of $69k. So, it's true that Bitcoin has obviously become much more valuable over time, but this thread and these stats would have been more fun to watch and see if the price of Bitcoin was higher than where it is right now, maybe during the bull run coming up.

I say that because Bitcoin isn't really as valuable as it actually needs to be right now if we see the current price. If we look at the overall value of the cryptocurrency, it's true that it has grown significantly since then, and it will most probably just continue getting more and more valuable over time.

[Ojima-ojo]

Just curious to know,  can I buy an iPhone 15 using Bitcoin as payment?


Do apple allow overseas shipping directly from the company or do I need to order through a vendor,  I am just wondering what the comparison is between Bitcoin and Apple products if BTC is not allowed to be used to purchase the product directly.


Indeed bitcoin always appreciate with time an same with products that have intrinsic values such as gold and other r device that have components that are resold such as making the iPhone with gold inscriptions in it.

[Bananington]

It is a classic comparison that works for any asset that growing on time. In fact, the list is long, except that bitcoin has a "millions" percentage, but it is something that can always be done in conjunction with other types of investments.

We cannot "sell" the idea of ​​the price of bitcoin as its strength so that we decide on the right to access it. Then, those same premises that are little talked about are the true principles that should always be promulgated, if people understand the meaning of the premises by which bitcoin became an investment system, payments and a technology capable of breaking old paradigms. financial, it is not necessary to tell you that you could buy much products years ago and that this linear growth will continue and you should buy bitcoin today.

Wasnt it cool? Many merely want the money, or "bling bling," but theres more. Its like saying the worth of a library lies only in the price of its books and not the knowledge within.

Bitcoin's value goes beyond its rising price. Decentralization, technology, and the ability to revolutionize financial systems make it unique. People shouldnt merely see Bitcoin as a moneymaker. It should be seen as a tool to change our money mindset. Its not about "Get rich quick!" but about understanding it. Doesnt the "buy now to be a millionaire in the future" pitch seem meaningless if everyone receives that?

I honestly don't agree with you. I think bitcoin is sexier and in demand because we can get big profits from bitcoin, because the price continues to increase. As you said, ideally a library is judged by the knowledge possessed by the books available there. But if we have read many books and gained knowledge then what is the use of that knowledge? to make money right?

If we return to the original purpose of bitcoin, then bitcoin is a currency for payments that is decentralized and cannot be controlled by anyone. Yes, that is a good vision for bitcoin to have. I think we already understand the vision of bitcoin, and what attracts most people to bitcoin is its ever-increasing price. So, most people dream of becoming a millionaire in bitcoin, and that's the reality

And when people talk about bitcoin, most people will talk about the price.

We can’t deny the fact the it’s volatility is the reason why many user is investing on Bitcoin but those users invest short term basis unlike true Bitcoin holders that invest due to the unique feature of Bitcoin called Blockchain. Bitcoin blockchain is the only real decentralized network since it doesn’t control by group but instead with the community.

I like the idea of people investing on the technology rather than the price increase since this will result to a much more organic price growth and it will continue to grow organically while Bitcoin is being adapted by many.

Bitcoin is actually made to be an alternative currency but due to its volatility, people took advantage from it by doing investment in buying BTC and sell for a profit. But due to its high potential to reach high value in the market especially in the long run, people would tend to hodl more BTC for a higher profits. It's actually healthy to invest in no one's authority cause from its movement you will literally see an organic growth unlike other sht coins where mostly centralized and have a higher volatility and low potential.

It is a dumb move to HoDL shitcoins as one would have BTC. Shitcoins have no guarantee of long term profit unlike BTC that has proven to be a more sort after asset for future purpose and for even immediate trade.
The demand for BTC by customers and investors is one reason why BTC remains valuable and better suited for as a long term investment option. It is like a big brother to the other emerging cryptocurrencies and is still top preferred solution to any countries economic woes.