Your point is valid, but it is actually not relevant to this thread. This isn't an argument of technicals vs fundamentals and if it were, and you actually were a reader of my blog then you would know what side of that debate I am on. It is about potentially settling a dispute with audit-able facts and performance benchmarking instead of screaming opinions at each other.
If you are correct then I will probably actually prove your point. Until then, pull your head in.
When you analyze a coin's potential value and increase in value, but you don't take into account that there's a huge number of these new coins being created every day, you're not actually doing a technical analysis. Not caring about fundamentals doesn't make the inflation go away, it just means you failed at analyzing the coin.