All markets eventually correct themselves. They can remain irrational for a long time. The market correction for BTC has yet to fully correct to the new lower *utility* of BTC. The price correction will take place over a longer time span because Core is undoing *years* of progress. This takes time.

I predict BTC will have less than 25% crypto market share in the coming 2~ years.

And don't let this confuse anyone if the price of BTC goes up again (it most likely will go up again), because other coins will go up way more in relation to BTC.

It's all about percentages. In the coming years BTC's growth will not be the best we see, because its utility is not the best we have. The rest of the crypto market will continue to gradually erode its value until BTC has but a small percentage of the total crypto market.

BTC may currently have 53% market share, but this is but an ebb in the tide of an otherwise downward spiral of the overall crypto marketshare.

This is evidenced by the fact that BTC a few years ago was closer to 100% market share.

There is growth happening in the crypto space, but it's not happening in BTC so much as its happening in other cryptos.

Invest accordingly.

 

^{inspired by this post.}

submitted by /u/ColinTalksCrypto
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source https://www.reddit.com/r/btc/comments/9hjwf0/all_markets_eventually_correct_themselves_they/