I'm still a beginner in crypto, as we know from time to time the number of altcoins is increasing, but I want to ask,
will the increasing number of altcoins affect the price of bitcoin,?
but in my opinion it will not affect the price of bitcoin, even though the number of altcoins is increasing.
I don't think it does because even if we have like billion of alternative coins on the market still this won't affect the bitcoin price that much and the only reason to say this will somehow affect the price of bitcoin is the shitcoins on the market which will make a bad reputation for the market, this way people who have not any knowledge about bitcoin and cryptocurrencies may think all the cryptocurrencies are bad and will have a negative effect in the market environment will this won't directly affect on bitcoin and bitcoin price.