Everything happened past year is just a repeat of 2011 crash, just in a much larger scale. After the technology shift is over, there will be many wrong investment that barely can make any return, then many fiat money hunters will quit the game, left with bitcoin believers, and they will continuously expand their mining operation and took larger market share, or quietly buying coins one by one

With a technology shift, the coins will be concentrated to those who have invested in leading technologies, thus the rest of the people who want to get coin have no choice but to buy, thus push up the price dramatically. But this time when there is no large technology advance in horizon, the dramatic price swing might not happen again