Great thoughts and reasoning as always. I was thinking about bitcoin dominance on the market the other day. What if people realized that there are a lot of other currencies which are also worth buying? Bitcoin being the most expensive, "useless" for paying because of high fees and slow transactions, might not be the best coin to buy. It is actually only good for long term investments, not for every day use. "Digital Gold", as we all heard it already. What if people want useful coins to buy? Coins that are on the news not only because some big financial company bought in, but because of something interesting happened to them, like develeopment in their technology, new wallet, more possibilities, etc... can be more attractive. If you have a coin as an investment and you can use it in your every day life, say buying a cup of coffe, you have a good reason to pick those coins over BTC. How about bitcoin's dominance being under 50% or even around 40% or less in the long run, instead of around 60%? I think that scenario is very possible and healthy.
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I don't think people want 'useful' coins or we'd see much higher transaction numbers in altcoins than we currently do and we wouldn't see cryptocurrencies that are just ideas with no products have valuations over $1 billion.
I think they do want useful coins, there are just not many ways to make use of them.