Quote from: prithibiahmed on February 16, 2023, 08:11:39 PM

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At the same time, the emergence of altcoins also created competition for Bitcoin, which could potentially slow its growth and adoption. In some cases, alternative cryptocurrencies may have drawn investment and attention away from Bitcoin, as investors sought to diversify their portfolios and explore new opportunities in the cryptocurrency space.
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There will be little impact that occurs when the emergence of many altcoins influences bitcoin and make bitcoin competitive.
But the new altcoins at this time of course still can't be said to be a competitor to bitcoin.

Older altcoins such as Ethereum, BNB, ADA, etc. are sometimes the choice of investors as their second investment besides bitcoin.
Even though bitcoin has a high market cap, some assets are still diversified with other altcoins.

Competition between Bitcoin and altcoins can also affect the price and demand for both.
If investors profit from altcoins and start selling their Bitcoins, this can affect the price of Bitcoins.
many investors still view Bitcoin as a stable and safe asset, and keep their investment in it.

Quote from: justdimin on Today at 08:40:14 PM

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Just realize that we can't do anything about the current situation and how many new tokens are pumped into the market everyday, and we need to learn to ignore them until they give us a reason not to. Look at launchpads and see how they are pumping millions into projects that worth absolutely nothing, and you will realize why it is a shame this couldn't be done better.

Ignore some projects that do not give a reason why we should buy them. But if you want fast money, buy early and sell when it's high.
My Launchpad follows some of them and provides bigger returns, but with some fairly small allocations.
But even so, a tremendous pump will occur once the coin is listed on some DEX exchanges, whoever is quick to sell it will have a lot to gain.

New altcoins are only as speculative and only as a pump-and-dump practice not really affect bitcoin completely.
Bitcoin adoption will continue with time, regardless of altcoin growth or not. The main investment remains in the bitcoin