I'm pretty sure people are holding onto bitcoins because they think it is going to go up in value. It's not as if it can be used for anything else other than some sort of speculative asset with nothing backing it.
Bitcoin can be used for a lot of things. Bitconnect couldn't be used for anything other than their lending ponzi scheme.
Bitconnect coin (BCC) is a lot faster and cheaper to transact than bitcoin.......so bitcoin should be technically worse unless I'm mistaken?