Quote from: Lucius on July 14, 2019, 02:27:29 PM

Quote from: fillippone on July 14, 2019, 07:54:33 AM

Technology has progressed, people studied and has understood better how cryptos work, so they came to the right conclusion shitcoins are indeed...shitcoins. Shitcoins value proposition has since faced and now they are clearly revealed for what they have always been: (kind of elaborate) exit scams by fraudster to transfer your bitcoin in their wallets.

I agree with this reason, and I think this is maybe one of the most important reason why bitcoin dominance is so high, and altcoins do not follow king of crypto as was the case in the past. Many investors are burn too much money with altcoins, and they see that only bitcoin is crypto with purpose. There is a saying Fool me once, shame on you, fool me twice, shame on me.

Merit for you Fillippone who, as always, provides excellent arguments for reflection, even if this time I am only partially in agreement. Besides Bitcoin there are not only shitcoin, or rather there is to separate shitcoin and shitcoin; in the marketcap there are over 4000 and altcoin passes and most probably many will disappear, maybe .... or maybe not!

In essence, and by analyzing the data better, who really cares about 4000 Coins? The numbers today tell us that the entire crypto market is worth about $ 260 billion, with only Bitcoin worth $ 170 billion (around 65%), which means that 4000 Coins share the remaining $ 90 billion; analyzing these numbers even better we can see that of these $ 90 billion, the first 10 Coins, after Bitcoin, "are worth" about $ 60 billion, or 66% of the entire cake; the next 10 coins (from 11 to 20) are worth $ 10.5 billion, from position 21 to 30 there are $ 4.5 billion, from 31 to 40 there are $ 2.5 billion, from 41 to 50 there they are $ 1.5 billion, from $ 51 to $ 60, there are $ 1 billion, there are $ 1 billion, from $ 71 to $ 80, $ 81 to $ 80, and from 91 to 100 there are $ 620 million.
Basically the other 99 crypto after Bitcoin capitalize as many as 85 of the $ 90 billion currently on the market, that is over 90% of the rest, that is, about 95% of all the capitalization of the crypto is concentrated in the first 100 Coins !!!

So the question is: what do we care about the other 4000 coins / shitcoins? of the scams associated with them? of the money they burn on them? about pump & dump of the various coins?
They are part of the system and "inevitable", and they are insignificant numbers, background noise, used for different purposes and purposes, today by governments, yesterday by miners and speculators, tomorrow by associations and funds.

Quote from: gentlemand on July 14, 2019, 07:46:26 PM

Even if institutional money is leading with Bitcoin there's a whole world of saps out there who'll swallow the 'next Bitcoin' narrative no matter what's actually screaming in their face.

Correct, but in the end it is not a question of discovering the new Bitcoin but of being able to find that new Coin that can be functional and useful in the everyday real world; the new and unexpressed use of Blockchain technology is immense and it cannot be reduced "only" to the exchange of money or to the reserve of value (what appears to be Bitcoin today), but there are many applications and fields still unexplored, in where an avalanche of money will be ready to flow when the opportunity arises.

Quote from: hatshepsut93 on July 14, 2019, 09:35:30 PM

The truth is simple - altcoins were in a bubble, much bigger bubble than Bitcoin was, realistically there's no way more than a dozen of coins can co-exist - the point of money is to be universal, so just like the US dollar is welcomed everywhere in the world, Bitcoin is the king of crypto. Tons of altcoins were claiming that they will dethrone Bitcoin, but when investors started realizing that it was a lie, those coins started losing their value.

Realistically, much more than a dozen coins can coexist for me, and much more than today's 4000, but in essence they will be of no use, as they are today, and will have a quotation that will reflect their value and potential, namely NOTHING!
Everything is functional to the market and, as repeated by several users
"Money got separated by stupids.
This is a natural and unstoppable process.
Hopefully it is for the Good."

Finally a final consideration:
the dominance of Bitcoin today is at 65% but in fact it fluctuates and varies like all the indices or the same coins, touching points of resistance and points of support; in fact it has gone from 100%, when there was just Bitcoin, to about 32% last January 2018.

I'm not good at drawing graphics, resistances and supports, but I just observe and evaluate the work of others, so I show you the work of a user, found on twitter
https://twitter.com/paddystash/status/1150141415399276545/video/1