The reason many altcoins haven't gone to zero yet is simply because the distribution of chips is spread across different people. There will always be a small group of people who refuse to accept defeat and cut their losses.
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Bitcoin rises, altcoins fall
Bitcoin falls, altcoins crash
The reason many altcoins haven't gone to zero yet is simply because the distribution of chips is spread across different people. There will always be a small group of people who refuse to accept defeat and cut their losses.