No other crypto coin has spread so big as bitcoin.It's true that others are cheap,but what will you do with it if you can't spend it properly.
The point is to find unique use cases for crypto currency. There is nothing unique you can buy with Bitcoin that you can't buy with fiat. That's exactly the reason why adoption is not happening fast enough to overcome selling pressure from miners and early adopters.
Crypto 2.0 technologies are designed to tackle the issue of shortage of unique use cases. In particular, asset exchanges allow to crowdfund interesting projects that cannot be funded via other channels, which is set to drive demand for crypto 2.0 currencies.
Excellent post. I know that many BTC users are in denial - but you are stating the facts here - what pushed bitcoin in the early years was the underground economy - primarily Silkroad. Now that is all gone - and the darkweb economy is not even a few % of the BTC market capital. BTC needs new avenues to grow - and we are stuck now at this point. The honey moon period is over, BTC is mainstream as it gets and it has been so for the last 12-18 months, so those who are expecting to see $10 K per Bitcoin or $50 K per bitcoin in the next year or two - you better get your facts straight. This will happen but it might take decades to reach these prices. Hopefully less than that but at this point we are seeing a price consolidation and I think 300-500 USD per BTC is a reality and will be so for the next couple of years.