Well yes that's right,with many altcoin out there,it will make a competitive market.The competition is what make the market going,so of course we need altcoin.But,the downside is that so many trash coin will be made and make some unaware people to lose money because investing in the scam altcoi project.
[Yes we do need it. But one should have alternative secured investment strategies also. Have you heard of Mallconomy?]