Post
Topic
Board Speculation (Altcoins)
Re: More altcoins produced the more Bitcoin or even ETH will go down
by
labilaab
on 23/11/2018, 00:15:57 UTC
In my own opinion, the more altcoins and erc20 tokens being released everyday in market, the more it affects Bitcoin or even Ethereum's price to go down.Since the volume of investors should be instead investing on btc and eth are now divided to altcoins.What do you think?

I don't know where you get that idea. Bitcoin is bitcoin and investors would love to invest their money on only the coin that is profitable at the moment. And remember that there are altcoins being born, but are you aware of many altcoins also dying and lost to oblivion?

So it doesn't makes any sense at all if you are a investor to invest on shitcoins because sooner or later they will just die and become obsolete.

Yes that’s true, Im not discluding the idea of the numbers of shitcoins being produced among the deserving ones but as time pass by this worthy or not obsolete erc20 tokens and even token exchanges keep growing also, this will surely be a divertion against bitcoin and ethereum’s investors right?
I know there are many competitive erc20 tokens out there that will last just like IOST,IOTA,NEO and many more to mention.