I have never seen any altcoin trying to compete with bitcoin because in the end if this is likened to a caste system the actual difference remains very different because bitcoin is the king and altcoins are only able to follow not rival.
That is a definite condition because since I have known crypti no one can really compete with bitcoin as a whole because they will not be able to.
Saying bitcoin is dead is just one of the alibis where those who can't get bitcoin at low prices and they start trying to attack some weak people in holding bitcoin to sell their assets.
I consider ETH to be different among the altcoins that we usually think about.
Yes.. ethereum is different from the vast majority of other shitcoins because it is the mother shitcoin out of whose asshole many other shitcoins flow.
(thank Saifedean Ammous for this expression) Does not make ethereum very special in terms of not being a shitcoin, being worthy to invest into in the long term and/or not being vulnerable towards going to zero quickly.
But of course, Bitcoin seems to be the leading coin in the crypto space which allows a holder to earn a profit,
You are already starting out bad in your description of what bitcoin is.
bitcoin is not merely a leading coin.. it is the coin that set forth the standard, and the other various shitcoins are trying to emulate it or to proclaim that they are better, and maybe they are not really doing anything but figuring out a way to print their own coin to make founders and other early adopters rich in the style of various ponzi schemes.
So bitcoin is in another category. .to the extent that it cannot be replicated in ways that shitcoiners try to set forth as if it were actually possible.
unlike those project that looks promising, raising millions during pre-sale but has no substantial to continue growing. This is the reason why we become confident of accumulating Bitcoin despite the risk because of such profitability features that most altcoins don't have. Though I invested a few altcoins, still Bitcoin got huge chunks of my investment capital.
I agree with this last part of your post.. even though from my perspective the set up in order to reach your conclusions was not that great.. but hey whatever, you do you.