Thanks a lot for your helpful remarks Hive account@theminimalists. I too am watching carefully to see if support holds just above 10K (indeed I am planning to put some new money into that pot somewhere between 14K and 10K, on the guess that the support will hold).

I share your view on not worrying about the robots based on an observation made when I was trading among them in the stock market. They will ‘do their thing’ within wide trading bands (pricewise); but those bands can sometimes fall within progressively rising (or falling) plateaus (for the short to intermediate trend curve), so that if you are going long and the plateaus are rising you just have to get on board and ignore the robots' games, as long as you realize it may be many months/years for your price to bring your serious profits. (That is, you will have to wait until the robots' trading range to be on a plateau far above the one that was in place when you got on board.)

RE. “However, I do try to convince them to buy to try and make a transaction to see how it can be used for tangible goods. It gives them a glimpse of what the future will be like.” I feel that you have touched on bitcoin’s (or the crypto space’s) killer app here -- society gradually evolves so that a wide range of real goods and services can be bought and sold without having to cross the bridge between crypto and fiat. Japan seems to be leading the way on this.

Why is this a killer app? For the first time in world history ordinary people can create sums of money large enough to power an entire economy, as long as the 'rest of the world' builds a strong network support around that money. That creation used to be one of the Kings Royal Prerogatives (at least until Our Great Central Bank snatched it away from the King)!

Integer units of bitcoin will not provide a platform for that to happen (even with lightning fast transactions); but what if the price rises to $100,000+ for one BTC? Then you could run a big economy by using fractions of 1 BTC, I think.

Jim Rickards has made this point at various times in response to the argument that the world’s economy could not be based on gold. His response is “all you have to do is raise the price of an ounce of gold high enough”. The problem with gold, of course, is that we can’t trade around fractions of gold -- which, my friend, is another part of the bitcoin killer app!
Cheers!