Since the advent of bitcoin in 2009 led to cryptocurenccy experts competing to make another new coin like bitcoin, this is ALTCoin, where ALTCoin moves at the rate of bitcoin, most people use ALTCoin as the fastest way to collect bitcoin , because the rate or rate is often very promising against bitcoin, began the emergence of many ALTCoin make some coin is just a boom but also many investors and the various types.
What is the effect of increasing the amount of altcoin on bitcoin?
to me the only use of an alt coin is to get more bitcoin. Most of the alts coins out there are just pure garbage. Some are completely dead, some were just fraudlent to begin with and some will just not be able to do what they say. In this bitcoin is the only coin u should ideally hold over a long term.
Indeed i think that only when the purge of all the various alt coins happen can one trully say a bottom has been reached