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
I dont see it happening,that too many altcoins endanger Bitcoin.On the contrary,most of the altcoins and thier projects will die,as most of them money grabs,and have no practical use or reason to exist.
On the other hand,too many altocins can endanger good ICO projects,simply because too many projects,and investor are too deluted over so many different projects,ao i think thats the bigger danger,but that will be sorted too i think.