Quote from: n0ne on September 17, 2023, 01:02:50 AM

Owning an iPhone doesn't mean to be an investment accounting to me. This had turned to be status symbol, even the person who doesn't have proper shelter holds an iPhone. This is the reality happening around the world, mainly in the third world countries. The market movement is directly connected with the economy too. An investment should appreciate in value whereas an iPhone keeps depreciating.

And that's why this thread was created, I have already started seeing the buzz on twitter about the new Apple and some persons will start saving to buy it, some go as far as borrowing to buy it. I understand it isn't our business how people want to send their money but when we see something that they aren't doing right, we owe it to them to try our best for them to see reasons why they're making the wrong decision. We don't have to force our thoughts on them but just advice and leave them to make the decision. A new and better version or the iphone will always come out so if you miss the latest right now, it doesn't mean you won't be among those that'll buy the latest version in the future but by then you can really afford it because of the decision you'll take now to buy Bitcoin instead of buying the latest iphone.

Quote from: Blitzboy on September 16, 2023, 08:38:13 AM

But if you're going to invest in something expensive, you better make sure you can balance it with smart financial judgments elsewhere, like Bitcoin?

If you can't afford it twice don't buy it or you can also use the strategy of buying an asset that pays for your liability. When you want something that isn't going to fetch you money then you can buy an assets that'll be generating income to pay for that liability. For example, If you buy Bitcoin with that money you kept for the latest iphone, in just few months from now the Bitcoin you bought will ba capable of paying for the iphone. The bull market is just around the corner and it won't be long before we see Bitcoin breaking new ATH. Iphone isn't a need to the majority, they're just wants and putting your wants over your need isn't a wise decision.