***
1st wave is for Bitcoin
2nd wave is for top 2-10 alts
3rd wave is for top 3-30 alts
4th shitcoin fest
... random PnD on copy cats of top alts
then we go to some bear market in alts that was usualy but today...
Today when BTC for will happen BTC and BTC-U will dump other coin shares.
10% will go to stuck other chain transactions but 90% will flow to alts ETH/Monero/Dash those coins can get kick up like 4x more.
ICN can allso get nice kick like 10x when old bitcoiners will be dumping alt chains to alts that will be massive re-balancing.
Imagine Roger Ver dumping his 100 000BTC into alts what that will do to scene.
THat will be BTC HYPER INFLATION.
This is quite interesting scenario.
If i were old bitcoiner i would all old BTC put into best alts from top 5-30
One thing is for certain, blockchain technology as a whole is steadily growing in value, recognition, purpose, and use. There is no other alt (not counting ETH) positioned as well as ICN to potentially take advantage of that right now IMHO.
I think the timing of ICN is perfect too. It is not surprising to me there are index fund type projects popping up right now and not before, the market is beginning to mature to a point where this is feasible.
Not that long ago you would be foolish to hold anything other than BTC long-term and most things you wouldn't want for more than quick pump and dump. There were few, if any, alts that provided significant advantages over or unique features compared to BTC.
Now that has changed and we can see certain altcoins carving out niche markets for themselves by providing unique and specialized utility. I would argue the anonymity coins like monero and dash were the first to really do this for themselves, but ethereum is what opened the gates for a lot of others. With ethereum's tech there are so many new possibilities and we see markets forming around dAPPs, smart contracts, DAOs, etc. There are also storage coins (Storj, Sia), computing coins (Golem), decentralized global networks (MaidSafe), decentralized social media platforms (Steem), decentralized prediction markets (Augur), and more.
Basically, there are finally enough quality projects that tap different markets (so as not to compete with each other in some approximation of a zero-sum game) to form a viable crypto index fund.