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?
Now a days alternate coins has a very huge impact on bitcoin, they are the most important governing factor of valuation of bitcoin, due to some doubtful future of bitcoin and the negative rumours that FUDs snare spreading against bitcoin are some of the cause why people are rushing towards other alternate currencies and thus there is a decrease in demand of bitcoin leading to deflation of valuation of bitcoin, so I think altcoin has a very great impact and yes most obviously affecting the valuation of bitcoin.