honestly, what you are seeing is investors flock to other coins coming out there. I don't think this was thought through or analyzed. In my opinion, until I see a crypto like Steemit, or a gold or silver backed coin, coin for coin per oz., already mined, there will be many ups and more downs, but we shall see. If there is something tangible behind it, that will be the ultimate coin (s) to hold. Not sold on bitcoin trading by some people that short everything they can get their hands on. Not to mention, price went up based on hoarding of the coin and waiting to cash in. This is the other side of the story, not a historical chart. Just my opinion. good post @penguinpablo