As Bitcoin's price has been falling, its dominance in the market has been increasing. This means that however far Bitcoin has been falling, these "1600 other cryptocurrencies" (most of which have basically no value) have been falling further on average.
additionally bitcoin is even technologically aged
Thus, it is known to be secure and it has a stronger brand. This is far more important than you seem to realise.many of those have social missions, like development of economic strucutres, giving funds to young dentists etc.
If you chat to some young dentists, do you think they'll mention all the money they got from these lovely ICOs?its not about the money its about the capital itself.
If a "cryptocurrency" gathers funding through other means (such as through an ICO) it's not a grassroots project and one group has far too much control over its future direction. In many of these cases, it is centralised and thus the main purpose is defeated.
ok look there will be in the future maybe thausands of similar projects, for soulless empty cryptocurrencies, you will then have to compete for attention with all of them, but unlike for example a "decentralised greed coin", like bitcoin, there will be at leat coins with missions behind them it and there will be some product not just ressource wasting.
why is that you dont get that you are now competing for "attention" with countless other cryptocurrencies, among which there are many empty ones, that are completely just garbage?
seriously when i find a good forum for cryptocapitalism i will leave this board, it has no future the way it currently is.
this forum this community and this "bitcoin" are done they will loose meaning completely.