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!
Yes that's old, its similar to metals vs stock. Not always, but it tends to happen, as its now another option to flee into when the economy is bad (in addition to gold, etc).
Those people will do the opposite once the economy recovers, sell their Bitcoin to buy the (cheap) stocks. Rinse and repeat, the trader's way of life.
The altcoins are not as good as Bitcoin, its that simple.