Yes, and one of the greatest benefits that altcions offers is being an alternative to Bitcoin for individuals, cooperate organizations and companies uses.
Altcoins are like the pennystocks, they don't really have any kind of utility and the chances of their success is little to none. The only way altcoins could offer a true "alternative" is if they were actually innovative and offered something in the real world as a "currency" (hence the name crypto-currency) instead of just some toys to be traded in the manipulated altcoin market.
So far we've had none of that...
To add on this, altcoins are not alternatives to Bitcoin use, because they are mostly shitcoins in some situations, they are not accepted as a legal tender, not all institutions and corporate organization recognized them as an acceptable means of receiving payment except bitcoin, they are mostly less valued projects and can cease to exist at a y time, unlike the significance bitcoin is giving to the world.