Steve Jobs is back from the dead?

Five years is a long wait in life and in business.     

Such a long way to go.   I'm selling my current lot when it touches $11,500 again.   

Also quite true.   Penny stock pump and dumps are selling stocks in something people have no utility for.   Btc clearly has a utility.    (it definitely does for me anyway)

Fair, high and low will be different for different people, but just from today, I have sent a few batches of $1500 transactions that cost around 70 cents each.    I can only think that anyone who would call that high doesn't actually deal in btc and it just writing random fictional thoughts.   

Maybe and maybe not.   For it to be a 'scheme' there needs to be people with a large volume of bitcoins.   Just like penny stocks and how some particular stocks are at times controlled by organized crime.   Yes, there are people with large tranches of btc and other cryptos and it's actually quite simple and easy to start rumors that can indeed affect the market like the butterfly effect, but this is also true for any traditional securities market as well.       

Separate from this are people who randomly 'pump' or 'dump' btc or any other crypto with positive or negative 'fake' news or predictions, but these are typically people with very little stake in crypto... they are often people who just are hoping for it to go up, or who are bitter or angry from past crypto losses or generally poor financial situations in their own lives. 

6 years.  I won't say the total, but it's been quite good.   That said, I do a combination of HODL and also take profits at certain points that are converted to other assets.   

Butterfly effect, ripple effect, spook the herd, etc.   Can happen in any market.   

Sensible for whom?   It's not a team effort.   The bitcoin market is not some hippy commune.    If the news is accurate anyway, he sold in the most sensible way to himself and his own interests.   That's the free market economy at work.   

The market is the market.   Anyone can buy or sell.   There are no good guys or bad guys, just people trying to make a profit.   It's no different than Zuckerberg, Bezos, or Tim Cooke selling some of their stock on the market.   You wouldn't say they were trying to bring down Facebook, Amazon, or Apple stock.   

Mt. Gox?   Just recently as in recently in 2014, yes.

Technically speaking, since you can readily convert bitcoins to dollars or Euros or even gold, bitcoin fits the definition of real money.   It's just real money with different characteristics.    Gold has different characteristics than silver, than Swiss Francs, than Japanese Yen, than XEM/NEM, but they are all technically real money.   

There's nothing that can be done about it because this is NORMAL market dynamics.   It's like boxing.   You can't expect to get all the super flyweights together and expect to defeat all of the heavy weights.   The physics of the situation doesn't allow it.   What you can do is be more realistic about your goals and profit expectations.   

Hitting 10K one hundred times is just as good as waiting for it to get to 100k (maybe never).

As long as you are investing with disposable capital, and not the only money you have in the world, the risk is acceptable.   

It's the market.   Everyone who sold at $11k caused the dip and many of us are buying back in now.    That's how you can make some serious profit these days.   $1500 spread x ** coins and by the end of each year, you'll have made millions while people are still sitting and praying that btc will get to 50k, 100k, 1m, etc.

Sold at 11k and change and will be buying back in soon.    It's been a good month so far.   

And no.   I've been into btc for nearly 6 years and I still firmly believe in cash, land, and gold as well.   Btc is wonderful but it has little chance of replacing cash.

Another word for this type of prediction is called "wishing."

Saving some, and have sold some.   Happy.