Quote from: michellee on Today at 10:35:45 AM

Quote from: Rx009 on Today at 08:13:19 AM

the advice and input from everyone is very useful for me and also for everyone, so in conclusion bitcoin will not be affected its price even though the number of altcoins is increasing.

Yes, right. So you don't need to worry about the many altcoins that will be released later. Bitcoin runs on its own and so do altcoins but altcoin prices follow where bitcoin prices go.

The price of bitcoin will be affected if there is news that makes people in the market think that something is going to happen to bitcoin and they come to their own conclusions. But if they want to check the truth of the news, it will often give them the opportunity to adapt to the situation in the market.

Bitcoin price is the deciding factor, which means that we are not going to end up with altcoins moving by itself for far too long, one or two could make moves each day, but they will go down the next day to regular prices and another new one will go up, and keep repeating that. On the other hand a consistent increase will only happen when the price of bitcoin starts to go back up again.

This is why we believe that we are not going to end up with anything bigger, it is going to be something only dedicated to what bitcoin does. However, it would be always welcomed for me if we had a smaller number of great things, instead of tens of thousands of small unimportant projects.