Post
Topic
Board Speculation
Re: does the increasing number of altcoins have a negative impact on the price btc
by
South Park
on 01/02/2023, 21:57:28 UTC
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.
That is right, you should understand that the numbers given as the market cap for altcoins are for the most part huge exaggerations, if an altcoin has one billion coins as its supply and one of them sold for a dollar suddenly the claim is made that this coin has a market cap of one billion dollars, and it should be clear this is not true, with this in mind it makes no sense to worry about so many altcoins being released as nothing can be done about this since anyone is free to release their own coin if they want, but just as they are free to do this the community is free to ignore that coin if they want too.