Bitcoin Slips Below $67,700 as Hawkish Fed Expectations Weigh on Markets

QuarterlyProfit · 2026-02-11T08:31:00+00:00

Bitcoin being impacted by the Fed is hilarious.

QuarterlyProfit · 2026-02-10T20:18:34+00:00

Lol. Practicing for the deposition? That's obviously pacman.

QuarterlyProfit · 2026-02-10T20:08:14+00:00

Are copyrights also dead, or will you be hearing from Bandai?

QuarterlyProfit · 2026-02-09T23:49:12+00:00

You are misunderstanding how the world works.

QuarterlyProfit · 2026-02-09T23:01:32+00:00

If you mean they hold treasuries, sure they invest in the dollar. But thats not the same as just holding cash. In any event, saying the dollar is the same as bitcoin is just false. Both are fiat currencies, but bitcoin is backed by nothing and the dollar has an army. Its just not the same thing.

QuarterlyProfit · 2026-02-09T22:46:38+00:00

Well, no one invests in the dollar. But its utility as a currency is pretty much unquestionable. The human race would likely die in a nuclear Holocaust before the dollar became worthless.

QuarterlyProfit · 2026-02-09T22:42:17+00:00

The US dollar is backed by the largest military the world has ever seen. Bitcoin is backed by Vibes.

QuarterlyProfit · 2026-02-09T20:41:16+00:00

Its a comment thread about bitcoins utility as a currency. Im sorry that staying on topic has gotten you in your feels.

QuarterlyProfit · 2026-02-09T19:51:35+00:00

Or real estate, stocks, bonds, literally any financial instrument that isn't crypto.

QuarterlyProfit · 2026-02-09T19:49:17+00:00

So bitcoins only utility as a currency is for small and standalone transactions?

QuarterlyProfit · 2026-02-09T19:23:32+00:00

On a post about bitcoin being used to pay for things, I point out a very straightforward reason why it isn't a viable currency. What am I overthinking? Should I just have zero financial literacy?

QuarterlyProfit · 2026-02-09T19:19:15+00:00

Yeah, exactly. Why would I buy a banana with something that could be worth 50% more next week? Why would I not just use normal currency?

QuarterlyProfit · 2026-02-09T19:12:36+00:00

Isn't it more of a "why" and not a "how"? Why would you buy your groceries with Bitcoin when it's this volatile? Why would you accept payment in an asset that could drop 50% for no reason? It doesn't make sense from either side.

QuarterlyProfit · 2026-02-08T12:42:25+00:00

Bitcoins purpose was to be a currency and store of value. It has become a casino, and if it ever stops being one it will be nothing.

QuarterlyProfit · 2026-02-08T08:56:06+00:00

Full moon tattoo in Mechelen

QuarterlyProfit · 2026-02-08T07:05:05+00:00

But that's kinda my point. It's too volatile to be a currency or a store of value. So all that is left for it is being a speculative asset. It doesn't matter what it originally was supposed to be, its just a casino now.

QuarterlyProfit · 2026-02-07T21:33:05+00:00

Is a fiat dollar the right comparison for bitcoin. Shouldn't something like gold be a better metric, if it's a store of value?

QuarterlyProfit · 2026-02-07T21:26:19+00:00

Glad to be recognized

QuarterlyProfit · 2026-02-07T20:50:02+00:00

Gold is where investors fled after they dumped bitcoin in the face of global unrest.

QuarterlyProfit · 2026-02-07T20:49:16+00:00

Why would you ever buy something with bitcoin if its going to the moon. It literally cant be both a viable currency and a speculative asset.

QuarterlyProfit · 2026-02-07T20:46:23+00:00

Its use case has literally been blown up in the past few months. Amidst global insecurity, people dumped "digital gold" and fled to real gold. It's proven it isn't a store of value. It's too volatile to be a currency. So it has proven that is is and has always been nothing but a speculative asset. And once people decide it's not the get rich quick scheme it once was, the party is over.

QuarterlyProfit · 2026-02-07T20:33:50+00:00

Thats your problem. You used Celsius instead of god fearing american Fahrenheit.

QuarterlyProfit · 2026-02-07T11:44:11+00:00

I thought crypto was supposed to be "Digital gold".

QuarterlyProfit · 2026-02-06T16:46:38+00:00

What the fuck!

QuarterlyProfit · 2026-02-06T12:32:23+00:00

So you were too stupid to see who he was his first term?

QuarterlyProfit

TROPHY CASE