Quote from: Ludmilla_rose1995 on May 09, 2023, 12:35:51 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.

it has nothing to do with it at all, precisely with the increasing number of altcoins, it means that the adoption of crypt globally has increased, but the problem is that the number of altcoins that are increasing in the market does not indicate that the crypto market is growing well, it could be that most of the altcoins that appear today are shitcoins , which was launched only to create hype in the market.

I agree that it has increased to a great level and I feel like it just spreads the love of crypto. So all in all I believe that raising the amount of coins that exist today may not be a great solution or a great marketing tool, but it is not a bad one neither.

Sure most of them are shitcoins I agree with that, 99% of coins out there today are shitcoins, interestingly there are more coins not listed on CMC than the ones listed, and there is like 15k+ coins listed there, so that means there are 50k+ coins out there, and I would vouch for like maximum of 10 of them, the other 49990 are all shit. And yet, I still support they should exist because that means we are on the right track and that does mean that it is going to a right direction and should not be an issue.