The seven-day average for the number of daily #bitcoin transactions has reached a two-year low, recently dropping below 160,000 for the first time since March 2016. The lull in transactions coincides with the weekly volume of bitcoins exchanged through peer-to-peer (P2P) trading volume on #Localbitcoins recently dipping below 6,000 for the first time since February 2014.
I don't see Bitcoin as a significant player in the long term. Other currencies are successfully improving on its weaknesses. That's why Ethereum would probably become the next Bitcoin in the coming future, for example.
Do not underesimate Bitcoin. Bitcoin will be king for a long long time, and it will also be improved and be more relevant again, you might be forgetting that bitcoin has 40% of the cryptocurrency market.
True. However, we're in the early days of crypto, which is very similar to the internet when it first started out. If you look at the companies who dominated the internet back then, most are either gone completely or very small now, take AOL for example.