I have been reading post and news that the Some people are saying that Bitcoin will not achieve its price as it was last years and some are saying that it will restore its previous glory this year.
What do you think in this matter?
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Bitcoins will be always at the top since it was the first cryptocurrency that has been created for people to use and all the altcoins are just created in order for people to have variety of coins to invest.
But, it is way beyond the place right now. It has insane bitcoin dominance in the market right now and it needs to be really lower than this. I hope the correction comes to lower altcoins so that bitcoin doesn't drop. Eventually the bitcoin dominance will drop but we rather get btc staying up but alts reaching that instead of bitcoin dropping to reach the alts. It kinda really depends on how long bitcoin will stay up, if it stays up a bit more than alts will eventually reach.
In near future, there could be plenty of chances for success for many new altcoins like eth and ltc. It means the dominance by bitcoin in crypto world may get diluted more. I am afraid that may fall below 10% also in coming years as we are coming only one coin with other 1000s of coins. Maybe these calculations of comparisons are right still the dominance and the top positions are no more having any meaning, imho.