That's some serious lack of self-awareness, right there. All of the arguments can be, and have been applied to btc earlier as well. I didn't believe them back then, and as time progresses, that position is only confirmed. That said, nothing per se means that a bubbling alt market is a tulip mania, just like the bubbling btc market wasn't in itself a necessary signal for tulip mania back then.



Probably true in terms of percentage over coins, but not in terms of market cap (in a loose sense, I know).

I'm not worried about btc dominance, it is the main player and I don't see that changing in the near future, based on what I observe.

At the same time, some share of the total crypto market will shift to alts -- as a hedge, speculative mass, and simple funding innovation (or what is perceived as such). It would be a good idea, I believe, if people could wrap their head around this idea: as crypto is growing up, there's going to be more than one crypto -- and that doesn't mean that btc becomes 'just one of many alts' (USD is also just 'one among ~180 currencies', only, it is not just that)