It is funny that the altcoin fanboys are celebrating a small uptick in the alt market share. Bitcoin dominance went up from less than 50% to 71%, and then slightly declined to 68%. Now the altcoin supporters don't want to talk about the rise from 50%, but they do want to brag about the 3% decline from the 71% level. I don't have any hatred for the alts, and I myself hold a number of coins in my wallet. But to put it honestly, I don't think that the vast majority of the alts have any practical usage.
And do you really believe that the market share will remain intact once the next bull rally starts for Bitcoin? It may happen very soon, and there are multiple reasons for reaching such a conclusion. The number of Bitcoin users have reached a level that was never seen before, and mainstream investors are once again showing interest in cryptocurrency.
I as altcoin fanboy is celebrating not because of the small uptick, but because I need a reason to feel better. Sometimes we as altcoin holder feel tired of this continuation bear trend, we are hoping to see a green light of life to boost our altcoin spirit. Speaking about dominance, I do know about it but keep talking about bitcoin dominance will not make me feel batter. Because I know Bitcoin dominance is high compared to before.
Yes, the majority of alts have no practical usage because they were created just for fun and money, and no market share will not remain intact once the bull starts. Even after knowing all of this, I will not change the fact that I will keep celebrating it once it gets a small uptick. It is not about money but it is all about spirit.
