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RE: How can people still believe in Bitcoin?
Not saying that any of the points you presented are not valid, but I think people tend to sometimes forget just how big of an advantage bitcoin still contains due directly to the fact that it was the first on market.
Bitcoin consistently holds over 85% of the total market cap of all cryptocurrencies. Will this percentage of market cap likely decrease as time goes on and the advantages of other cryptos become more clear and accepted? Probably, but that is not to say that Bitcoin itself will be abandoned when that does happen. All cryptocurrencies still face the biggest hurtle which is the regulation. We would need to see a serious increase in liquidity before most cryptocurrencies can rise to their potential.
That's why all those who care about financial freedom should actively encourage everybody to change their bitcoins to better currencies. We have a lot work to do!
No, it's not true.
https://coinmarketcap.com/charts/
See on the top banner where it says bitcoin dominance 85.4%?? It fluctuates but it's nearly always around the 85% mark
Let me rephrase, we can see that it has hit below 80% for a short while but is typically atleast 80% of the total cryptocurrency market cap