nice post and I really like to read your article

Thinking on bitcoin is a hard one.  There are times when I think it should be dead.  And there are times when I think that it is growing to fill a need that other coins can't compete with.

Such as, by a house or a priceless painting.
Bitcoin has the name recognition needed for people trading at this level.  Also, the fees are tiny... comparatively.
Bitcoin also has some of the securist blockchain simply by the number of miners.  Adding to its name for big ticket purchases.

However, I have always been enamoured with the usability of crytos.  And thus, I want to own some bitcoin... for, ummm, buying a house.

I find the whole Bitcoin vs Bitcoin Cash debate interesting but the truth is that neither of them offers the best coin in terms of utility. I would like to see Bitcoin go through some kind of drastic technological change but that's looking unlikely, and the lightning network is just too complicated to ever see mass adoption.

It's not because of segwit2x it's because the advancements of other cryptos. Cardano is way ahead Ethereum and Bitcoin.  Meet the team behind Cardano: https://iohk.io/team/

Thank you good Post

"The conventional wisdom for bitcoin so far went like this: If you want to make more Bitcoin, find or issue an altcoin, pump it and then park the gains in BTC. As whales start accumulating BTC from the altcoin gains, everything else crashes. The masses sell at a discount their alts in order to FOMO in the new BTC rally. Rinse and repeat." ----- This is called wash trading. It is illegal in traditional market, however, because ICO market is not regulated, this will go on.    Thanks for the great post!

Very sound thinking! I think only a few altcoins are a lasting success. In fact, it is estimated that 90 percent of altcoins will not make it and will disappear from the market fairly quickly. View the possibilities of the currency and assess the interest of the market (is someone waiting for this?). Find out which team is behind the developments, who the sponsors are, which applications they make possible. Very imporant, believe in yourself and try to ignore most of the opinions. They will make you crazy. And one last thing: do not let it control your life! Don’t fall In love with your coins, they won’t love you back.

<i>Utility trumps network effect in the long run.</i>

Word.

The first coin to make it out from under the cryptocurrencies fanclub dome as a viable way of payment  with a few of the big on-line players will be huge. I doubt this will be Bitcoin, as it just can't handle such use in practice.

Steem could, but its marketing is totally misguided. "Grow the application landscape and get more users, all the rest will follow." Bollocks to that, Steem needs marketing as a practical currency out there where the transactions are that buy stuff. The VP of M at Steemit Inc. should consider this or leave.

Very good analysis.

We need to remeber that, while hodling coins can be prefectly legitimate, if we can't imagine doing *anything* other than hodling a specific Altcoin, it's probably not going to be around in the long run.

If it's got no actual use, the only real uses left are storing, laundering, and otherwise moving money around.

I, for one, wouldn't bet on EVILcoin to hang around (if it isn't already dead... last time I saw it was several months ago) ;)

Sound thinking.  

There are plenty of decent alt-coins out in amongst the shitcoins that have far greater utility than BTC.  

As the market matures I expect to BTCs dominance continue to decline, although I cant rule out the possibility it will still be around in some form or another in 10 years time.  

As you mention, the wise play is to hold onto a portion of BTC, probably somewhere in relation to its given market dominance.  i.e.  BTC 50% market dominance, portfolio 50% BTC.  If this falls to 30%, then adjust holdings accordingly.

### I'm just happy to be alive to see all of this right now. I think #Bitcoin will be like gold in the future and we will use some new coin to make transactions. Hope im hodling one of them right now!