Advice to friend for financial improvement.

[rojan]

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.

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.

[1715553536]

1715553536

[1715553536]

1715553536

[1715553536]

1715553536

[1715553536]

1715553536

[knowngunman]

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.

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.

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?"

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.

[EluguHcman]

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.

[Bitcoin_people]

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.

[Lucius]

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.

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.

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.

[jasonjm]

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.

[livingfree]

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.

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.

[Smack That Ace]

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.

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.

[Z390]

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.
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.
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.

[cindrela80]

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.

[MFahad]

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.

[Yatsan]

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.

[uneng]

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.

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.

[Altryist]

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.

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.

[xSkylarx]

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.

[romero121]

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.

[livingfree]

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.

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.

[flyingcarpet]

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.

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.

[Dimitri94]

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.

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.

[Ojima-ojo]

Mention this from the thread I posted to your friend. How much Bitcoin is needed to buy iPhone 15?
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.

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.