Quote from: millytr on August 01, 2018, 01:17:31 AM

I have a feeling some cryptos might just be used for transferring funds simple because the transfer fees are cheaper, a lot of people now and just converting to alts and then transferring their funds to other exchanges. Sooner than later transfer times are going to become smaller I hope and fees will become smaller but as for now, when transferring I always convert to an alt first. Saves a ton of money. That's why you will still see a lot of alts survive due to this back and forth movement.

That's right! People use alts to save a lot of money when doing transfers. They're much cheaper than Bitcoin in fees, and some are even faster than the original cryptocurrency. Due to this reason, many altcoins will survive in the market for a very long time. But, if Bitcoin becomes highly popular with its Lightning Network, then it could bring back the attention from people into alts back into Bitcoin itself. Once this happens, altcoins' prices will decline massively, and Bitcoin's dominance in the market will rise back up again like it used to be in its early days.

While there are some features that are unique to altcoins (which are difficult to implement in Bitcoin), the original cryptocurrency will remain as king of crypto in the long run. Despite all this, there will be a few promising altcoins like Ethereum, Monero, and Bitshares, which will survive in the future no matter what. Wink