I went to buy a phone with my friend today. Going there, Iphone 13 pro max became my favorite phone. And arouses interest in buying. But I did not have enough money to buy that phone in my pocket. I laugh and talk about Bitcoin to the owner of that showroom. I was surprised to that the owner of that showroom want to sell his phone to me for Bitcoin. And I asked him again, "Are you kidding me?"then He immediately gave me a bitcoin wallet to pay him. I paid him bitcoin and bought the Iphone 13 pro max.
Since the price of Bitcoin has come down a lot now, it has become foolish for me to buy the phone with Bitcoin. Because for that I have to spend more bitcoin. But still I am very happy to be able to do it. Because in my country Bitcoin is still declared as an illegal currency. Nevertheless, I got this advantage
Wait what ?
If you bought the Iphone when the price was high and now the price is low, you eventually spent less number of coins to buy the phone.
Which is a good thing since you will have to spend more number of coins if you bought it at current price.
So whenever you buy something with BTC and the price comes down after that then you are in profits. But in the long run the price increases.
For example if you bought the phone worth $600 at 0.01 BTC at the price of $60k then you would have to spend roughly 0.015 BTC right now for the same phone.
On the other hand, if the price increases to $80k then you can think that you paid $800 for a $600 phone.