I can hear the troll’s footsteps already, but the question is valid. Bitcoin promised low fees and fast transaction speeds by utilizing the blockchain. That’s why we have been ditching fiat in favor of crypto. At this stage of the game low fees and fast transaction speeds are the basic minimum features that any coin needs to have in order to succeed. Since bitcoin’s inception many ‘improved’ coins have come online, which either address scaling issues, and/or add additional features. Bitcoin’s community has failed to address the scaling issue, which has made it painful to use bitcoin. It sometimes takes days for a transaction to post and the fees have become unreasonable for small transactions. I know many people are nostalgic for bitcoin but these fundamental issues will dethrone bitcoin. It has already lost half its market share. The technology already exists to solve these issues in other coins. The market is slowly figuring out which alternatives are the best solution and the transfer of wealth from bitcoins to altcoins has begun, and is accelerating.
When this crypto bubble pops people will panic and pull the remainder of their money out as predicted in any bubble. If you thought the bitcoin network was clogged up now, the resulting congestion will be even worse. When people are waiting days for their bitcoins transactions to clear and see the price dropping they will feel a sense of agony and create lots of FUD through social media. As the altcoin market unwinds, people will start funneling their money through ethereum* instead of bitcoin to get back to fiat. This will allow bitcoin’s value to drop further and ethereum to delay its price fall. People’s confidence in and loyalty to bitcoin will evaporate. Bitcoin’s market cap will then be the same magnitude in size as other alt-coins like litecoin and dash. At that point it is an uphill battle to capture market share. The winner will be the one with the best technology and unless bitcoin’s community turns it around, bitcoin will be left in the dust like countless other shitcoins.
*I state that people will funnel their crypto money through ethereum because the infrastructure is in place in many exchanges to trade ether for alt-coins. From there people can convert ether for fiat through coinbase. Litecoin might also see some of this action as it can be converted to fiat through coinbase but the exchanges don’t have as many litecoin for alt-coin trades. Shapeshift allows alt-coin for alt-coin trades but the money will be flowing in one direction at that point so the transactions will be slow.