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?
Altcoins rely on Bitcoin as it is the center of the crypto world. People buy and hold more altcoinss just to gain more bitcoins. Some people believe that bitcoin should be the only cryptocurrency. And altcoins as competiton which some has new different ideas through blockchain. . It will help bictoin improve more. The increase amount of altcoins are healthy competition for bitcoin.