Thing is, if bitcoin tanks... doesn't it rake the whole space down with it?
Good question. I think it depends if people generally believe in the overall idea/concept of "cryptocurrency" OR if only "bitcoin" IS still "crypto" by itself alone.
Back when BTC market dominance was consistently over 90% I think the latter was probably true, but nowadays after BTC has given up so much share and so many of the alts have taken so much more, seems to me like the former may be true now.
Will "bitcoin people" just go back to fiat money if BTC implodes, or will they look to move to Facebook from MySpace instead?
Seems at least 50-50 to me...
P.S. {Edit} Update: here's the article where it says, near the end, that in theory up to 5 different bitcoins could be split apart:
https://bitcoinmagazine.com/articles/countdown-segwit-these-are-dates-keep-eye/
...and, yes, it says it's very unlikely but all the same I'm curious what all you guys here, smarter than me, think what's actually most likely to happen?
Ohh what a tangled web we weave...
Step in the right direction.
Can't help to feel that the btc uncertainty can be positive for monero in the short run.
Is it mean spirited of me to be praying for SegWit to gigantically fail?
Self defeating as it will hurt all crypto across the board.