I look at BTC as the greatest thing for our world. We need digital currency. It makes sense. But, we live in a world where we are driven by greed and profit. So with that said....
If someone creates a ALT coin to compete with BTC for first place, I think eventually that ALT coin will get there. Because at the end of the day, if that 'ALT COIN" makes enough money they can continuously push their "ALT COIN to surpass BTC.
I dont see anyone financially backing up BTC.
I see Bcash and their owners making deals.
I see Ripple making deals
I see pretty much everyone else making deals
And pretty soon those deals that these "ALT Coins" are making will eventually climb them into the #1 spot
PLus, people are shorting BTC all day long. It sucks, because im the "buy during the dip" guy.
my opinions only.... im ready for the backlash
The main point you forget about bitcoin is that it is not controlled by any one and it is accepted by 99% of the crypto world. Majority of coins are valued through btc. The Altcoin which you are telling is controlled by their developer and if the developer abandon their project then automatically the coin value can go to zero also. But in btc case value going to zero is nill to possible as it is accepted by everyone and it is not controlled by anyone.