I have been in the cryptocurrency market for almost two months, I observed that when the market fell, the percentage of BTC always increased. The current percentage of BTC has accounted for more than half of the market. What does this mean? Can anyone give me an explanation, and why is BTC? not another Coin? Because in my opinion, BTC is affected by market volatility more than the Altcoin!
Bitcoin is objectively more secure than any Altcoins. as far as price stability goes that's anyones guess; but Bitcoin blows everything out of the water when it comes to security and decentralization. Bitcoin has the most developers working on new projects, hashing power, and it's actually accepted as payment at several places. no other coin can replace or compete with it. thereby, I only own bitcoin If any altcoins fails, bitcoin will still hold value, but if bitcoin fails which I don't see happening, all the cryptocurrencies will fail. but I see all cryptocurrencies besides bitcoin as being more vulnerable and risky than bitcoin.