Bitcoin has high Market Capitalization making it a better choice as the liquidity is coming from different investors however, you won't be able to gain much from it like altcoins, right now, I'm buying more USDV, a stablecoin with interesting use-cases, check it on Bitget.
Why is Bitcoin better than other coins?
Bitcoin maintains several advantages over other cryptocurrencies. As the first mover, Bitcoin has the largest network, the most legitimacy in the eyes of retail and institutional investors, and is built on top of the most secure database in history. Bitcoin's network effects should not be underestimated.
Why altcoins fall when Bitcoin falls?
In the digital currency space, it's common for many coins and tokens to move in similar patterns. When bitcoin (BTC), the largest cryptocurrency by market cap, goes up, other digital tokens tend to increase in value as well. When BTC declines, it's likely that other players in the space will drop at the same time.
Why is Bitcoin not an altcoin?
"Altcoin" is a combination of the two words "alternative" and "coin." The term generally includes all cryptocurrencies and tokens that are not Bitcoin. Altcoins belong to the blockchains for which they were explicitly designed.
Why altcoins go up when Bitcoin goes up?
This symbiotic relationship means that the value of different altcoins is often tied to Bitcoin. As a result, an altcoin's value is often measured against the price of Bitcoin, so the price of altcoins could go down if Bitcoin goes down, and conversely, the price of altcoins could go up if Bitcoin goes up.
Is altcoin same as Bitcoin?
An Altcoin is an alternative digital currency to Bitcoin. The word Altcoin is a portmanteau of "alternative" and "coin", to form "altcoin". It actually refers to a group of cryptocurrencies, ultimately all the cryptocurrencies other than Bitcoin.