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!
Those are not the only options, there is a third option in which bitcoin is no longer the leading coin in the market but it is still relevant, however I find that option to be very unlikely and the same is true for the option that you give in which bitcoin becomes irrelevant, bitcoin created this market out of nowhere and only a coin that is many times superior to it could take away its place and I do not see any coin like that.