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!
It is not as simple, bitcoin is not only a technology it is also a currency and one of the more important things a currency needs is the trust of the people, if it was not for the trust people have in the US dollar it would have crashed a very long time ago, people trust in bitcoin a lot more than in all the other coins put together so the chances it will become irrelevant are low.