If Bitcoin was dead in the water (which I agree it should be by now), it wouldn't still be #1 on coinmarketcap. Look up the term fungible. It may explain why it remains the top.. and will still remain the top.
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If its units are interchangable, why does that give it an advantage over other cryptos like Etherium or Steem, that do everything faster, cheaper, and better than Bitcoin.
How long can the worst popular crypto stay number one?
Remember Ubuntu? - took a long time but eventually that pile of crap sank from number one :)