Quote from: South Park on March 12, 2023, 09:05:07 PM

Quote from: cafee_orange on March 05, 2023, 06:22:06 PM

Quote from: Rx009 on January 31, 2023, 10:20:13 AM

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.

We cant really be having that single point or monopolized kind of market on which it would really be just focusing on a single place.In the fact that there's always that someone who would really tend to mimic out

and would be creating something in likes of Bitcoin and now we've been flooded out by lots of projects who are really that tending to get that marketshare.We've been flooded out by shit coins but look at on where or what happened on Bitcoin? It doesnt really depend no matter how much coins been existing on the market on where its dominance would really be still ahead just because the demand and recognition would always stick into the original or father of all crypto which is Bitcoin. It would be no surprise on why its been placed up on the top spot.

Market dominance had been divided which it is really that something good to look at because investors could really have various options and selections
which they could be able to make when diversifying out their investment which its really that an advantage.