Very interesting read, well written and scientific too. I think that the literature on crypto will skyrocket in the coming year or two. I found it interesting that the amount of users are declining. I thought that it was increasing. Your statement on the rises and crashes not bein random Kind of supports an article I wrote on randomness a little while ago. My point was that randomness does not exist. nothing in the cryptosphere is random. Overvaluations, people investing with their livelihood and then getting into debt and then withdrawing all their money at a loss, etc. all contributes to the bubbles that you described. I bet that there will also be a correlation between these bubbles and rises and declines in countries' economies.