Every week BTC seems to lose it's market dominance. Currently it sits at 34.4 percent but what happens when it becomes 5 percent or less? Thoughts?
Bitcoin has no function. Ethereum has some cool smart contract functionality, Bitcoin Cash retains the old Bitcoin function of being a transactional medium.
Bitcoin only has two things and they are both bad.
Reputational momentumJust because so many people have been talking about it, people enter cryptosphere here. Bitcoin is horrible, yet people will still end up here because sorting out the true nature of any crypto platform is hard work.
Ponzi functionPeople want to get rich quick. Probably 90% of Bitcoin holders think they are going to make a shit ton of money on the next guy. They don't care that there is no longer any use for the network. It has been fully reduced to a Ponzi medium. You can do nothing with Bitcoin other than convince morons to HODL and then quickly sell out when it peaks.
Please don't ever forget: people are very dumb. Don't be one.