Yea this is the first time I'm actually scared of what the future holds for btc. I generally think the the crypto market is still way to small. With btc we're also seeing the writing on the wall when one by one companies stop accepting btc. The value will diminish if there is no businesses supporting the network. Having btc solely as a gateway to other cryptos is not feasible.
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I agree, and I think it plays well to comments I have made in the past in regards to BTC. It just needs to stop trying to be a payment system, it will never work.. Are you really going to pay a $5.00 transaction fee to buy a $1.50 Diet Coke at the gas station? It should be happy to be a medium by which other coins are bought and purchased. Even then it is going to have to step up its game if it wants to stay on top. While it has brand name recognition there is always a competitor out there that will find a better way to deliver your service at a better cost.