Most altcoins don't really have the community and the financial backing to stay afloat for a long period of time. Bitcoin has been here since 2009, and made a lot of millionaires that now support the overall project. It has also started the trend of money digitization in ways we can only imagine before that a lot of countries now hoping to replicate.
Altcoins, too, can see the same amount of growth in a short span of time. The thing is, can it sustain it? No, and as initial investors of the said coin already profited enough, they'll plan their exit and watch as poor souls who actually believed the project cry out for help holding their bags. This has never happened with bitcoin, even though there were tons of fear-mongering related to its price for years on end.
Altcoins, too, can see the same amount of growth in a short span of time. The thing is, can it sustain it? No, and as initial investors of the said coin already profited enough, they'll plan their exit and watch as poor souls who actually believed the project cry out for help holding their bags. This has never happened with bitcoin, even though there were tons of fear-mongering related to its price for years on end.
that's the main difference of btc over most alts. almost all crypto users are supporting btc by using it in their transactions one way or another. but with alts, they are after more on possible profits. so they are likely to hold on short-term basis only as they also don't know the lifespan of the alts. whereas, with btc, they are just waiting for the right timing to sell to get the profits they are targeting as it won't disappear unlike most alts. a lot have disappearing act.
