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?
The rise of so many altcoins will affect Bitcoin's price appreciation. Before, when someone decides to join the cryptocurrency, he or she will only choose Bitcoin. Primarily because there is no other coin but only Bitcoin. Now, when a person chooses to enter and invest in crypto, he or she will have so many options. And when I say so many, I do not only mean hundreds. I mean more than a thousand. Bitcoin is not the apple of the eye anymore in crypto world. We know there are several others competing the juicy investment money of crypto supporters.