You shouldn't see it as a threat from the price perspective because It means nothing, you should however see how much Its mentioned on the news, how many shops (local and online) use it, how many ATMs does it have, how active the development is etc. Bitcoin wins in all these things beside Ethereum is not meant to be an electronic cash but bitcoin is.
Exactly. It's not electronic cash. It's not decentralized. Why the hell would I ever need any of that garbage? Oh it went up in price? So did thousands of stocks. I'd rather support them.