This is the main reason why Bitcoin dominance has continued to rise despite the declines in the overall market. More people are realizing that there is a large probability that most assets in the space will fail. Particularly considering the ongoing uncertainty of the regulatory impact of the SEC investigations going on with some ICOs. Even viable projects that have honest proposals and intentions will fail due to lack of interest and funds given the downturn. Some are just pure scams. There will continue to be a flight to quality as the bear market continues. I am not saying that BTC will get back to 80% dominance but I think that other major coins with projects that have launched will outperform those that do not demonstrate their seriousness.