Post
Topic
Board Speculation (Altcoins)
Re: More altcoins produced the more Bitcoin or even ETH will go down
by
jacafbiz
on 23/11/2018, 08:05:02 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 think you are wrong here, what push the market  price up is the demand, if the demand for Crypto assets keep increasing then expect the price to move up, the increase in Altcoins is a plus to BTC, because we can argue that they have push the prices of BTC up from the 2015 to the current period because BTC was around $200-$400 then