Altcoins will be finished when Titan arrives....Think about it.
Bitcoin will be finished when ASICs arrive.... Think about it.
Since you will be converting LTC to BTC, clearly, a scenario where LTC/BTC ratio will dramatically decrease is more plausible.
Mining with expensive rigs looks less and less attractive as a hobby.
I can play with my ants, contribute a few coins for the benefit of mankind, pay a small tax fee, etc.
Maybe, but the price of Bitcoin didn't dramatically decrease when ASICs showed up. There may be an initial rush but it's all going to level out in the end. All the ASICs really do is prevent the average Joe from participating. Once that happens they'll likely move off onto other Alts.