Since i started this thread I have been considering the effects on the market
if all the useless bags of coins were transferred back into Bitcoin.
How much bitcoin is potentially out there in the form of useless coins?
It's impossible for people to completely convert their shitcoins to Bitcoins due to the lack of supply. I read an article last year where blockchain analysis pointed out that around 2 million BTC is used for altcoin trading.
Those who manage to convert to Bitcoin will decrease the BTC/alt ratio significantly, which directly forces people to sell down the fiat pairs, otherwise the already near worthless shitcoins will become worth even less.
The majority of the people trade or invest in altcoins because they want to end up with more Bitcoin. This once again shows that there is little faith in altcoins, and that will break them eventually.
I am of believe that we'll only see a handful of our current coins survive in the next 5-10 years.