Hi guys,
I have my bitcoins since about a year. I fully support the concept of stateless currency, thats why I bought my first bitcoins.
now, I see other coins start growing a lot. My concern is about Bitcoins status as leader. I believe we can have a major crash and developers run away if Bitcoin is not the "gold standard" in crypto. First question I have: would you agree with this concern?
Second question: what needs to happen to make Bitcoin a secure #1? I dont think we even need to do payments in btc, but at least make it relevant.
First of all, I want to assure you that your first concern is actually not a concern to anyone. Bitcoin price can crash due to the normal rule of the market but it bitcoin network is based on public trust with over 48 billion market cap. So don't think much and keep investing in bitcoin. The price is still at a lower level and it has a huge potential to appreciate in future.
The answer above also addressed your second question. Bitcoin is the pioneer in crypto currency and its market cap is the highest. The closest rival is ETH with 33 billion market cap which is 15 billion less than bitcoin. Take it as an investment and save it for some more years.