I felt like seeing a movie and opened my streaming app (Netflix) to make a selection of a movie to see and I became confused which to select because of the many choices that I saw. I immediately had this thought that it is the same way people who have the interest of investing in cryptocurrency become confused the one to invest in when they find out that there is bitcoin and many other altcoins. Many people become confused and make mistakes because of the many options they have in cryptocurrency, they fail to invest in bitcoins because they think that there are many other very good options. Do you agree that more people will choose to invest in bitcoins if there were not so many cryptocurrency choices although not all are good?
What you are saying is like bitcoin is unreliable, bitcoin is on the same level as altcoins, and bitcoin is afraid of altcoins taking its place. Bitcoin is king, which means no matter how many altcoins are created, they will never be able to compare with bitcoin. Even if we have millions more altcoins but as long as bitcoin outperforms all, there is no reason to fear. Every environment has competition, and if we are really strong, then there is no need to fear those who are weaker than us.