So I am a big bitcoin enthusiast, but I realize it has problems. Also more and more people are trying to perfect their algorithms.
"More and more people are trying to perfect their algorithms"? Who are those "people" and what cryptocurrencies are they "perfecting"?
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What if they reach their goals and bitcoin becomes irrelevant?
But Bitcoin has reached its goals and it is reaching more. Most of "them" will never reach their goals. Do you believe Ethereum will be the "world computer"?
Bitcoin is an open, secure, censorship-resistant store of value, and it is provably scarce. It also gives its users the ability to private key ownership, which is an inviolable "property right". More inviolable than stocks, real estate, and gold.
It will always have value.
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The price drop isn't showing that great either!
But what was Bitcoin's price 7 years ago?