To be honest, I don't believe in such a close parallel between cryptocurrencies (bitcoin) and internet / dot com historical prices. If that were true, everybody would know what follows and that's not how market price is set. Who would be crazy to bet against the certain course? If up to a point it were to be a parallel, at some point, it will be broken, otherwise there will be no one on the other side of the orders, so they can be executed.
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Yes that is true, though there is something to be said about manias and bubbles. They do tend to follow very similar patterns, though never EXCATLY the same. While blockchain tech is very much here to stay, just like the internet was, there is a lot of value being given to projects that likely won't ever produce any value at all, in the same way that many of the internet stocks got bid way up back in the late 90's. Eventually there will be a reckoning of sorts that separates the wheat from the chaff.