Bitcoin Forum

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Quite frankly with the advent of bitcoins new cryptocurrencies are being introduced day by day. that could be a potential reason of decrease in value of bitcoins because the crowd that bitcoins would have generated in terms of demand is now divided into small segments.
Is there a way to introduce them without hampering the present demand and supply of bitcoins and at the same time assuring that they can move up nicely in the market.

Can you prove your theory?
Brand new altcoins are so small compared with the bitcoin market cap,i don`t see any decrease in btc demand
because of new altcoins being introduced to the cryptocurrency community.
Only a small group of speculants trade with new altcoins to get some profits from pump and dump.
No coin can beat bitcoin ,when it comes to trust and legitimacy.

I dont think a new altcoin if introduced in the market will hamper the price of bitcoin, rather the opposite will happen. People will buy the altcoin in exchange of bitcoin and so the price of altcoin will increase but the demand for bitcoin will not.

Value of bitcoin depends on the market capitalization and the trading of bitcoin in different markets. Very few altcoins have been able to compete will bitcoin like ethereum and ripple. But this does not decrease the value of bitcoin anyhow.

I don't think that the new cryptocurrencies are actually effecting the demand of bitcoin because that is not what i am feeling, i feel that the demand in bitcoin is continuously growing and it makes the price of bitcoin high and the demands for the small cryptocurrencies are just temporary because most of the people are buying and going into new or small cryptocurrencies for short term profit.

Most people get into Alt coins after they were introduced to Bitcoin. Most Alt coins that are traded, find their way back to Bitcoin in the end, before it gets converted to Fiat. Bitcoin is the Gateway to other Alt coins and also the Gateway back in, so you should just leave them to enjoy a variety of Alt coins. < People get bored soon, so they love some variety in their Crypto currency diet >

Alt coins are also the testing grounds for new innovation and most of these ideas can be cannibalized by Bitcoin, if it is a feature that people wants. LiteCoin first tested SegWit and it was a success, then people wanted this for Bitcoin. ^smile^

I really dont understand your topic. It may become true in several years but now? BTC has only gone up in price and as continuously kept the bigger part of the "new marketcap" created. The influx of money into crypto still goes primarily from BTC and then to other alts. so BTC keeps movimng up. The only coin that have been serving as an entry point as well is Eth because of the ICO madness. So with BTC being the entry point for alts, for now new  alts are not pulling down the price, just the opposite.

An altcoin launched with a well-planned concept, clear road map, long-term potential, community backing does get a good share of the crypto market. A few are niche coins and IMO they are necessary in the sense that some of these do come up with new innovations/technology in the field of cryptocurrencies. Thus beneficial for the whole cryptocurrency community.

These altcoins neither affect Bitcoins demand nor causes devaluation, but they do increase the total valuation of cryptocurrencies. It's a free market, some altcoins will help to test out new ideas.

i disagree.

the new cryptocurrencies that are being created only have the name of a currency but they never are used as one ever.
this means they are just tokens which can even be considered virtual. and that makes them very different from bitcoin and consequently they can not have any effects on bitcoin and its price.

people often call the altcoin market as penny stocks market. there is a perfectly good reason for that which can also prove your theory is wrong.

With this your analysis, I don't believe the population of bitcoin is being fragmented because even with the last hard fork that occur, it makes a jump up in the price of bitcoin which reached a high level never touched before. The trust in bitcoin is yet to be threatened by any alt or by any hard fork. Just like musicians having several fans, it does not hamper one musician from another musician they run on their own without affecting each other because an individual does not have problem being the fan of several artist.

Most people were disagreed about your statement, new altcoins means nothing to affect bitcoin price, maybe some altcoins could attracted people to switch their investment, out of bitcoin for some time, but bitcoin price will recover again.
But most altcoins can not affect bitcoin price at all. On the other hand, uncertain news about bitcoin or exchanges will be banned has been proven could affected global market price, due to panic sell or people choose to sell-off instead of holding.