It's not only about Bitcoin but also about many different assets. People tend to buy Bitcoin even though they don't understand cryptocurrenncies or they don't even bother to read about them. People panic right now because its price is constantly decreasing without any particular reason. Don't focus on the price, focus on the technology.
Right. But the thi the is, they do not know about bitcoin. And that is one of the truth. Many people uses bitcoin just to earn profit not because 'bitcoin is the future' we all know that. Another thing is that, bitcoin will become the future of all of s as abouve stated we shoul focus on the technology and that is whats going on today. Continuous improvement in technology together with cryptocurrency.
You are wrong. "Continuous improvement" is just bla-bla-blah, to give BTC a bit more time to live. Thats very similar to many othes schemes. You will be introduced with Schnorr signatures, MAST, Lightning network, etc...
Except, none of these wont work. BTC will keep its price more or less as long as there is a hope for a miracle technology, that comes and solves scalability issue. Lets leave everything else aside for now, including question, whether BTC is needed as product at all, and focus on solving scalability issue only. IT WONT HAPPEN. And as it wont happen, that means, there is no viable product behind name of BTC, therefore is as good as pyramid.