Why is Bitcoin's previous monopoly over the market rapidly dying?

Why is Bitcoin's previous monopoly over the market rapidly dying?

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flippening

blockstream pushing for control. like when you have a handful of sand, the harder you squeeze the more it escapes

So many ERC20 tokens and other coins have come out ten fold. What do you expect?

...

That dip started right when the news of EU regulators meeting on Feb 26th hit.

It's amazing how many of you still don't know.

this

...

originally, in the last great bull run, btc peaked so people began to diversify... so it lost dominance...

market capitalization has rapidly dropped since December...

now people are just booking profits and exiting crypto looking for the next fad.

Probably return to early 2017 late 2016 figures and hover as crypto waits for a real world use and adoption

or just die.

:/

>open source technology
>monopoly
As for why, it's mostly about Bitcoin losing it's "magic internet money" status and turning more into ponzi asset. It might recover in May.