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.
yes of course it will not affect the price of Btc even though many altcoins are launched. I think with so many good Altcoins being launched it will make a lot of people more interested in Crypto. of course some of them will also invest in Bitcoin, thus the price of Bitcoin will increase in my opinion
If the majority of the altcoins that were released were good projects this would have a beneficial effect on bitcoin as more people will be interested in a market which is so full of new and interesting projects, unfortunately this is not the reality we are facing, most of the altcoins being released are useless and when their inevitable end comes they scam their investors, investors which not only lose their money but in many cases they lose any motivation to be part of this market and they leave to never return, affecting bitcoin in a negative way on the process.