This.

For whatever reason bitcoin is not working as a hedge against inflation as it seems it should.

Bitcoin's value as a vehicle for money laundering has greatly diminished.

If there is threat of arrest... say an actual "Drain the Swamp" event... then the pressure will increase value will materialize, not just due to its utility but because market movers will intentionally inflate the value to maximize their laundering efforts.

Bitcoin mixers are all in jail. You have to be quite clever to use it anonymously, now.

With Twitter rejecting good money, expect things to get weird in regards to tech stocks. The problem they have is in regards to being gateways for multibillion dollar shill machines where the stock value of the company bears no correlation to the political and marketing control Twitter actually controls. Essentially, there are parallel markets and parallel companies and parallel political powers that are not included in the stock price.

And so it goes for Bitcoin. As those parallel powers suffer, so, too, shall Bitcoin.

Bitcoin ATMs are actually the only thing that will save Bitcoin because that's going to be the only utility it has once the NWO drama is sorted out.

Taking your word for it, but that actually indicates bit coins are manipulated, not that they track.

See my comment above.

Thank you for the only real answer in the thread

1. People don't understand bit coins are fossil energy currency. As such, their actual value can be quantified.

2. Their actual value is roughly the running average of energy consumption to produce plus amortized hardware expenditures. That's it. Nothing magical.

3. This means speculation is driving the current price, not its actual value. It's already hyper inflated.

4. I expect bitcoins are actually worth maybe a hundred per coin. I'd guess. No actual math.

5. You can clearly see big players manipulate price. Also proving it's highly vulnerable.

6. Which means, it only takes one market correction for everyone to lose their shirts.

7. A market correction is inevitable. It's simply a question of when?

The same is true of any currency. German children played with wagons full of bundles of cash because they were cheaper than wooden blocks after wwi. Even the value of gold has taken major hits during times of violent struggle.

Reality is that there is no underlying value on bitcoin ...

I hear this all too often. The reality is that nothing in the world has underlying value unless people perceive it to have value at any given moment. Sure, gold has practical uses outside of being a currency, but not $1,500 an ounce worth of value. If everyone decided around the same time that they didn’t want gold in exchange for goods, the value would also plummet.

So I’m aware that btc has no inherent value unless people give it value, I’m more wondering what the reason is this week that people have collectively decided that it has less value than last month

It's a fake currency

I’m curious how you define “real currency”? This response honestly sounds a lot like someone who knows nothing about something relatively new and fearing change so they hate it by default, because most of what you said isn’t applicable to the current situation at all

The price is normal, the steady decline for a week not so much.

And I use charging cases. Once I get a 10% battery warning I just push the button and it goes back up. Haven’t plugged my phone in for probably four years