Bitcoin price will drop with time due to transfer time, which now can be up to 3 or 4 days, with average fee 0.0002 BTC. Therefore people will switch to altcoins, which are much more fast, and Bitcoin price will drop, altcoin price will go up. Bitcoin Cash transfer for example take 20 minutes, Doge - 10 minutes.
"Transaction fee high" "confirmation slow" are issues against bitcoin that has been raised in 2019, 2018, 2017, and maybe even earlier. These same issues will be raised over and over until bitcoins can be sent under 1 second at $0.10 but that's most likely never gonna happen in our lifetime.
In all those years and in the years to come, bitcoin will probably remain the most secure blockchain. That alone, will make people remain buying bitcoin.
Another reason will be - large miner farms mine Bitcoins, but Bitcoin user group is the same and not expanding, so Bitcoins just loose its value due to large scale mining too.
That number could expand at any time. Any individual or company can set up their own mining rig and start whenever they want.
I don't understand why bitcoin will lose value because of the large scale mining. Can you explain how?
~
The reason why Bitcoin is still #1 is way beyond the reason that it's the "symbol" of cryptocurrencies. It's the #1 project simply because it's the most secure, most decentralized, most globally adopted, and most worked on project. Bitcoin being one of the first cryptocurrency projects is just one of the advantages.
True that. The line that bitcoin came in first and became the symbol or face of crypto usually comes from altcoiners.