So I am a big bitcoin enthusiast, but I realize it has problems. Also more and more people are trying to perfect their algorithms.
What if they reach their goals and bitcoin becomes irrelevant?
The price drop isn't showing that great either!
I believe you basically don't understand how Bitcoin operates. PLease you need to read the whitepaper of Bitcoin, with that you will understand some basic concept. Bitcoin goes beyond its market value. Don't be worry about the drop of its market value, its just a phrase of Bitcoin's transformation.