Hi all,
do you agree that the growing number of altcoins will eventually make bitcoin price go down since even small amounts of users money go to them?
No,
Bitcoins currently has the largest percentage of the total crypto market cap, and as long as the total market cap increases I believe bitcoin value too will keep increasing. Also, bitcoin still remain the entry point for so many newbie crypto investors.
I also agree that an innovative altcoin could take Bitcoin down one day, but it doesn't look like that's gonna happen anytime soon, so I believe bitcoin will be here and still be bitcoin for a long time.