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A key driver in altcoin performance is people's perception on whether they can make a quick buck from them. If you can gauge this perception, and get in at the right time, and then get out quickly, you can make money, and the return is impressive by conventional investment standards. The problem is, the value is almost entirely accounted for by the sentiment, and fundamentally, there is not a lot behind an altcoin, apart from a small team or even just one person, looking to make themselves rich. When the founders are totally anonymous, it is a very attractive vehicle for scammers looking to do a "rug pull".
Open source software generally easily beats closed source software. Bitcoin has the best developers, they work for free, and they aren't in it as a get rich quick scheme. You can also communicate with them via GitHub and online meetings.
Currently, altcoins do not seem to be standing the test of time very well.
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