"As more people adopt it, so demand pressure on price increases and value derived from Metcalfe’s Law (...)"

So, your fundamental analysis looks at demand only and ignores supply? Also, the fact that a certain good has value says little about the price. Water and food are essential, but not expensive. I think you're missing something here.

Then, you conclude your two-piece on market cycles by stating: "Don’t worry about the cycles too much – because nobody knows what they will do next. " Only to follow-up with a rather clear cyclical statement: "When BTC does run, the altcoins will run too – faster than BTC."

Hmm, I think I'll stay with the liars and fools of the unproven cyclical approach.