Bitcoin is losing it's value on daily basis. It's the most expensive digital currency..what did they expect? What goes up must come down.
2015: Rise of alts
This is exactly what I guess, too!
Bitcoin "could be" about to die. And what happens then? Do you think everything is over? No! An alt will rise and takes bitcoins place.
I don't think it has to take its place per say but both will exist. Bitcoin was just one huge pump and those who pumped cashed it out at the top and now it's just declining. It'll probably reach $10 in next 12 months.
$10? That's a stretch, I doubt it will get that low. But if it does, hell I feel bad investing now when it's still 'considerably' low now. But if it goes down to that low, time to invest highly in altcoins.
If BTC drops to $10, it is going to die. Too many companies, investors, and miners will have been hurt by what would be a 99% decline from its height and will have been in exodus for some time at this point. My guess is that it would go back to being used by only a small following of ideological enthusiasts.