I've been watching crypto markets for a good 5 years now and made the bulk of my investment within this past year and just recently got my first (and last) rig up and running.

My opinion is that the whole thing is just a continuous pump and dump. Its no different than a ponzi scheme where you require a greater fool to buy at a higher price from you. you have new dumb money getting sold on $5k-$100k bitcoin prices from hype and idiot memes, spending their paychecks on coinbase market buys as well as pure gambling on shitcoins while whales cash out to from these greater fools in predictable intervals. That's like the only pattern there is. It's just been exacerbated as of recently due to btc soft fork FUD and ETH ICOs cashing out the moment fundraising is over...they dont give a sh#t and the price tanking reflects that.

We should be really worried how all crypto coins are tied to btc price and how there's really no way to evaluate the worth of these coins via fundamental analysis.

I'll be bagholding for a good year i predict.