Interesting...except for time-length, that pattern is a lot like gold stocks during a gold bull market and after. First the seniors rise, then the juniors, then some of the bottom-tiers skyrocket. And when gold stumbles and tumbles, the seniors plummet, the juniors plunge and what happens in the bottom tier can be best described as "carnage." The last crack up in the bottom-tier penny golds, in 2011-12, was so bad that the Venture Stock Exchange actually had to bend the rules for financings: otherwise, quite a few exploration pennies would have ran out of capital and wound up dormant.
Interesting. How quickly do these gold stocks go down when the gold price goes down? Are we taking seconds, or minutes?
You can in a sense. The trouble is, the overall decline takes place over months and the aftereffects can linger on for a few years. I'm describing a full-fledged bear market.
But I can assure you: if something goes wrong for a specific gold company and the market finds out, the stock gets flattened in seconds or even more quickly. The lower-tier the company, the worse it gets flattened (as a general rule.)
Do you think one could learn a lot about the bitcoin market from looking at the gold market in general?
Uhh...you'll learn something about trading in a volatile market, but that's all. I came into the crypto scene after several years of watching and even punting in the lower-tier gold pennies. So I'm a special case of someone relating this environment from my prior experience in a completely different sector. There's very little overlap between the ins and outs of P2P cryptography and trying to figure out if a certain hunk of raw land has pay rock several hundred metres underneath.
To be quite frank: with respect to trading, the better option is to learn here. In cryptos, there are no minimum commissions. In the stock market, there are. You can learn some life lessons you'll never forget by trading with only $100 in altcoin land. In the stock market - any part of it - the commission load is too high for anything less than four figures. So if you move to stocks, you'll have to put much more at risk to learn the same lessons and practice up your trading.