Advice to friend for financial improvement.

[kro55]

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.

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.

[1715596217]

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[1715596217]

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[Blitzboy]

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.

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.

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.

[blckhawk]

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.

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.

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.

[laurenB7742]

I've noticed a topic in the Bitcoin discussion. I was encouraged by reading the Topic, I wondered 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.........

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.

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.

[CarnagexD]

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.

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.

[Bitcoinpoly]

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. 

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.

[Dickiy]

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.

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.

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.

[Assface16678]

I've noticed a topic in the Bitcoin discussion. I was encouraged by reading the Topic, I wondered 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.........

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.

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.

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.

[DabsPoorVersion]

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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.

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.

[Dimitri94]

I've noticed a topic in the Bitcoin discussion. I was encouraged by reading the Topic, I wondered 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.........

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.

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.

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.

[synchronym]

I've noticed a topic 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.

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.

[alastantiger]

I've noticed a topic 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.

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.

[Youngkhngdiddy]

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.

[BALIK]

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.

[Bitcoinpoly]

I've noticed a topic 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.

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.

[danadc]

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.