you'll have to excuse him, the OP does seem rather misinformed. but maybe i can help you out.
what reason do you have to believe that this scenario is likely? there is one large difference between bitcoin and the altcoins, and that is that bitcoin, at this point, has far more inertia both in its existing infrastructure (its utility) and its memetic exposure (its ubiquity). due to this, the fact that they are basically the same is a terrible weakness for altcoins. it is my belief that unless a similar protocol with significantly greater utility is developed (say, in response to a 'fatal flaw' that emerges from the interaction between the Bitcoin Protocol and its actual incidence in the world), bitcoin will remain the primary altcoin in terms of market cap.
it seems almost ludicrous to suggest that suddenly capital will flow from anywhere into altcoins, and that capital will cease flowing into bitcoin, at the price-point of $1000 BTCUSD.
--arepo
It is all about growth and not about price...
Bitcoin can be divided into really small "cents", a person doesn't need to hold and trade a whole bitcoin, he can buy and trade with parts of it.
I should have explained myself sorry. I believe that only a small fraction of the people invested in BTC truly grasp the revolutionary idea of it and
only people like us, lurking around in this form and doing research really grasp the economic significance of it.
The majority of people who buy it just buy it because it goes up and they want to be rich. They don't know shit about the price being irrelevant, the diversification ability and that the banks screw us up and we need to fight them.
What matters is what the majority thinks, and I think that people might say that BTC is too high now, we missed that train, lets buy some LTC because it is still cheap, and when LTC is high also they move on to the next altcoin and so on.
People might think that it is better to buy 100 LTC instead of 1 BTC because 100>1.
