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?
That would not happen i guess. As of now there is no currency equal to the value of bitcoin and even in the reliability, there is not such thing that is a threat to bitcoin. Yet everything is posible since cryptocurrency is unpredictable, but for me it would be devastating if there is a threat to bitcoin's standpoint in cryptocurrency.