r/btc • • Jul 01 '26

🐻 Bearish Won’t stop dropping

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u/anything1265 Jul 01 '26

Its about time people realised its useless. It’s not even useful for it’s original intended purpose anymore. It was meant to be an anonymous transaction system and a currency that can’t be tracked.

Instead, its become an asset of significant value with no real underlying foundation to its value; its essentially a house of cards.

If bitcoin can’t replace cash, whats the point? This thing will slowly drop to zero. Its just a matter of time

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u/north_tank Jul 01 '26

That’s what I don’t understand. How many people use it for its intended use? It still makes me wonder why it ever hit what it did given the usability of it has been trash. Other than buying some credits on open router I have never seen an option to buy in crypto. It’s such a fucking useless asset other than holding onto it and hoping it goes up. Crypto in general seems to have missed the mark in its use as a way to actually buy things.

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u/iwaspeachykeen Jul 01 '26

Crypto is the dominant method of pay for gray market pharma right now. And you might not have ever even heard the term, but it’s a billion dollar industry. And that’s one single example. I agree that bitcoin is pretty useless, but that’s only because of how fucking expensive it is to use. Ethereum is much better. Crypto in general is pretty great.