I think it's quite simple. Bitcoin has the best team of devs working on it, it is already well established and it's not something brand new, or forked from the original coin (because bitcoin is the original coin), and has the biggest growth potencial, because it will be the first coin to scale globally. Of course it's facing problems, and other coins aren't, because bitcoin has the biggest amount of users. If the other coins had the bitcoin status, they would probably be facing the same problems.
Also, bitcoin is opening road for all other coins to prosper, and you can't really see that apparently. Most of the success that other coins are facing, is due to the success bitcoin is having. Crypto is an aggressive market I get it, other coins don't need to show appreciation to bitcoin for clearing barrier after barrier, and allowing them to just keep moving forward without many adversities, but going to the point of thinking that investing in bitcoin is just because of blind loyalty is just silly in my opinion.
Also, you are just focused on profit, and that is probably another reason why bitcoin will probably succeed, and other coins will probably fail. I prefer bitcoin to other coins because of well justified loyalty, not blind loyalty, and in my opinion I think it's important to believe in a project, and there is nothing wrong with that.
If Bitcoin had the "best team" of devs working on it, they would have foreseen the current problems and solved them long ago. BTC is 8 years old...that is an eternity in the world of software. If they cannot fix the scaling problems by now I don't know if they ever will...or if they do another coin or coins will have already taken the place of BTC. Remember that probably 99% of those now learning about crypto don't have a favorite and will flock to whichever has the best fundamentals for the user.
"You can't really see that apparently" - patt0
I see that Bitcoin was the pioneer. While that's a nice history lesson, the market doesn't care. If markets followed what you describe, Atari would still be the king of gaming consoles. It collapsed as fast as it took over the industry in its early years. Insert any number of other examples here. What barriers is Bitcoin clearing? If anything it is putting up barriers when merchants stop using it. They will be even slower to adopt another crypto after giving up before.
I am just focused on profit? No...actually I'm focused on Bitcoin behaving like a currency. If it sounds like I'm focused on profit it's because I'm just posing a question that appeals to 99% of those reading this forum...since greed is king to almost everyone involved in crypto these days. Long ago it was a Libertarian/freedom concept but Bitcoin has been taken over by speculators that couldn't care less about its original ideals.
"Well justified loyalty"....let's see how long it lasts. Place your bets...everyone else is doing it.