I really think that the creation of new E currency is a threat to bitcoin.
Like for example. Some investors may move their investments to other currency made.
If bitcoin for example has 100 investors in all, then several currency is made with the same value as bitcoin. (we say 3 currency)
then the 100 investors may move to other 3 currency to find more specific or easier way to earn money or inflate their investments.
Do you think these probability will occur?
I don't think that it is a part of probability but it is already happening in this world of virtual currency , day by day new coins are coming and also investors are also attracting toward those new new coins regardless of the factors that they are profitable or not .
But here you can't see that people moves himself from Bitcoin investment but indirectly they are increasing the demand of Bitcoin because if they will buy the new coin or any altcoins then surely they will needed to have Bitcoin and in that case they will buy Bitcoin and so on .
So here with your argument we can't say that Bitcoin investors are going at another side in case of investment but in actual all of them are recycling Thier money .