Many people just stay in the negative news for the new altcoin. I think the new altcoin is good for bitcoin development. The community needs expansion and there must be many new altcoin so that the whole industry can expand faster.
New altcoins and blockchain based technologies are can not have a huge impact on the Bitcoin. Bitcoin has its own status and has been able to attract investors despite everything the other technologies offer. They have never been able to replace or outshine Bitcoin, and I do not think they will. Bitcoin has attracted so many money that it has gone beyond the galaxy of crypto that the rest of the coins just dream of.