More and more ICO projects are coming based on many major currencies and specially in this year the trend increased rapidly with many reputed organizations that are in various industries and trades decided to start there own digital currency to make there business more effective and efficient in order to gain more profit.
Can these new launching Altcoin's make a negative impact on bitcoin's expansion in the future because we all know in order to increase the demand, usability and accessibility of bitcoin it should be widely use in most business areas but if Altcoin's take these opportunities how it can achieve its vision to become a widely used digital currency
in my opinion, maybe this is what causes the price of bcc to go down because investors are getting more choices if they want to invest in cryptocreency and cause their money to be divided into romvarious ico, there is a positive and negative side in my opinion, the downside might cause the price of btc to decrease due to the coin Other coins will be more popular (although this hasn't happened). the positive side is that we as investors and traders have more choices in investing in cryptocurrency and not just fixing on BTTC, and if you do the right analysis maybe because of the many ico will make you reduce the risk of your losses in trading.