There's a difference between long term behaviour and short term behaviour. In the short term, altcoins will continue to be a thing.
I actually think Litecoin might have another leg up left in it (note that altcoin/BTC is the only ratio that matters):
http://www.cryptocoincharts.info/v2/pair/ltc/btc/btc-e/alltime
The reason I wouldn't be surprised by a bounce is because, unlike every other altcoin I've looked, the bid/ask ratio is actually favourable. Most altcoins have many times more asks than bids.
I actually think Litecoin might have another leg up left in it (note that altcoin/BTC is the only ratio that matters):
http://www.cryptocoincharts.info/v2/pair/ltc/btc/btc-e/alltime
The reason I wouldn't be surprised by a bounce is because, unlike every other altcoin I've looked, the bid/ask ratio is actually favourable. Most altcoins have many times more asks than bids.
I disagree in regards to the bolded point above.
Crypto-coins will outpace fiat currency and that does matter. The ratio of Bitcoin to Litecoin or altcoinX to bitcoin is important, it just isn't the only important market.
In the short, medium, and long term crypto-coins will be a thing. Who knows if Litecoin will exist (I suspect Bitcoin will be around in 5-10 years) but could there be another replacing #2 crypto coin or one that surpasses Bitcoin...it is possible. Who knows.
My personal concern is the next 6 months to 3 years. I see another global financial crisis on the horizon and that will mean that Bitcoin and other coins much like it will rise in value even it is just to avert the fiat paper ponzi scheme that exists today.
There will always be sh*t coins as there will always be scammers and bad apples in a group, community, country, etc.
People will lose faith in government currencies (at least a good portion of the people who see their purchasing power diminishing and will look for alternatives to preserve value).
