Youtube is massive, people use it not only for making money, but to promote content and for leisure. I think that youtube will stay, and those that transition over will keep their youtube channels. If competition gets really tough, then youtube will up their game. They are giants in the industry. The creator of DTube said that he has put in about 1% of the work required to compete with Youtube. Who knows, maybe Youtube will partner with DTube, maybe Youtube will begin to be decentralized?
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If YouTube beacomes decentralized well that is a good thing, sometimes these giants need some competition in order to improve themselves. But sadly a lot of content creators are being treated soo badly this last year... It really makes me sad...