Bitcoin was a nice 1.0 project but apparently wrecked by the devs who have proven themselves to be incapable of handling the bitcoin project. Many altcoins have learnt from their mistakes, could this be the turning point in which bitcoin becomes just another altcoin and the altcoins will rise up and take away the market cap that belonged to bitcoin?

It's not going to happen because they are all cheap copies of Bitcoin and Bitcoin is original & because the price is falling doesn't mean that Bitcoin is dying .
Strongly agree with this. Killing their creator will only make them worst. Population that supports bitcoin will go with bitcoin fall and might not go to altcoins seeing that might happen again.