I think having the first-mover advantage and name recognition, the network effect that it has right now and the global media's attention, it looks really difficult for a smaller coin with better tech overtaking BTC anytime soon.
We've all seen technologies that are more advanced than an established player in a field but a lot of times, that does not matter. That's what I believe at least for the short to mid-term timeline.
Obviously, there is more than enough happy-clapping on the side of speculators to balance everything out, but I do wish the conversation more often found a practical mid-ground.
People do discuss Bitcoin differently depending on whether they have bought in or not. But the dangerous effect is the opposite of what you aluded to. People attached to bitcoin who have money on the line engage in acrobatic brain gymnastics to find ways to rationalize the value of it because they desperately want their gains to be real. At the moment they simply aren‘t. Bitcoin has failed it‘s initial mission, it‘s impractical and people just speculate that somehow things might change in the future. It‘s just a mind game right now. So your mid-ground would require me to accept that there is some value in the speculation regarding bitcoin which is a tough sell. It‘s mostly greed and people will be hurt by it at some point. Let‘s stop before it gets to messy!
There isn't much middle ground. Bitcoin has proven to do a horrible job at just about every single thing it was originally marketed as. It isn't free, it isn't instant, it isn't permissionless, it isn't anonymous, it isn't secure, and it isn't decentralized. The only thing bitcoin has going for it is the price, which is more likely than not fueled largely by exchanges pulling funny business.
There’s also some contention because Bitcoin Cash (the other fork of Bitcoin) is in a lot of ways closer to the original design of Bitcoin (“peer-to-peer cash”), but is having to fight for the name “Bitcoin”.