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RE: BTC - We are testing a long term support line
If people keeps dropping. Then the folks who bought BTC around it's height. Will be bearish on the altcoin market.
Once it's loses dominance, then it's over for BTC.
BTC was the first one, and the most popular one, for a time. But if it drifts back to the same price level of the altcoin market. Then it will never get back up again.
There are way better opportunities to invest in right now.
No, Investors are just moving on to others coins. Social Media was the same way and many other tech. The network of Myspace did not give up on social media but instead switched to Facebook. Same is happening in Crypto. Its just rare first movers find mass adoption. Usually, its the second or third generation tech that gains mass appeal.