I agree. Traders are only there to make money and they have little regard if their actions have an impact towards the future of bitcoin. Sadly that's the way on how it goes.
However, as what I believe, fundamentals at the end will rule the day. Cheap coins at such low price is just too attractive considering the technology of bitcoin. Miners who get new coins will be very much unwilling to sell as they would be selling at a loss. So they would rather keep them. When supply is low and at such low price, this will drive the price upwards.
Alts have better technology - so selling "bitcoin" will be hard in the future.
Miners switch to whatever coin is profitable.
It's fuckin' evolution. The hype was just hype.
Not true. Alts don't have better technology, at least not relevant better techonology, and each technology can be implemented into Bitcoin or sidechains.
99% of the world using cryptocurrencies use Bitcoin. Paypal use Bitcoin. Microsoft use Bitcoin.
That's not going to change.
Bitcoin will be the king, you like or not.