does the increasing number of altcoins have a negative impact on the price btc

[n0ne]

Bitcoin is just on its own and is the overall driver of this crypto market and its technology cannot be competed with any altcoins out there, Bitcoin is the only true decentralized crypto that we have there. The crypto industry is just like a race that involves survival of the fittest, regardless of the increasing number of altcoins, only few with use cases will really stand the test of time, because the next bull is gonna be base on the utility run , if Bitcoin moves potentially almost every other coins follow suit. So I see no negative impact that the altcoins have on BTC.

Agreed, it is an independent market. For that reason bitcoin continue to stay on its growth path unlike the existence of large number of altcoins. The altcoins serve as a competing factor as well gives the users the choice on investment. It is evident that there are good altcoins that can be trusted, however the risk used to be higher than investing in bitcoin. Because the bitcoin market is already proven whereas the altcoin market isn't. Some altcoins used to give high ROI, but we need to be lucky to invest in it. Altcoins doesn't have any negative impact over the price of bitcoin.

[shinratensei_]

well sometimes it did, there are some cases when many of btc holders are buying up some altcoins to not miss some chance of flipping their investments.
like the case with sui, i've seen many that outright converted their bitcoin to usdt just to get that share of sui IEO, but i don't think the effect is that much significant.
after all. bitcoin market domination is huge, its trading volume is tremendous I don't think some measly altcoins with significantly lower dominance will ever scratch the market capitalisation of bitcoin, so it did have negative impact sometime but just not that significant.

[Kadal Ijo]

The presence of many altcoins certainly makes the bitcoin market cap less and less, especially now that there are more and more large projects that are supported by strong finance and are connected to many exchanges so that they can easily control bitcoin. the stable presence of coins is proof that now trading with bitcoin pairs is decreasing.

[kro55]

The presence of many altcoins certainly makes the bitcoin market cap less and less, especially now that there are more and more large projects that are supported by strong finance and are connected to many exchanges so that they can easily control bitcoin. the stable presence of coins is proof that now trading with bitcoin pairs is decreasing.

The presence of altcoins can positively and negatively affect bitcoin, not all of it bad. More and more altcoins are sure to influence bitcoin dominance, this is seen when years ago, bitcoin accounted for 80% of the market cap, but now bitcoin dominance is only half the market. But the flip side is that even if there are millions of altcoins created, there is still not a single altcoin that can outperform bitcoin. That shows that bitcoin is still the best coin, worth using and investing in the market. Bitcoin is still the king in the market, although many altcoins claim to own new technology, new features, and utilities…but they all have to kneel under bitcoin.

[Davian144]

The presence of many altcoins certainly makes the bitcoin market cap less and less, especially now that there are more and more large projects that are supported by strong finance and are connected to many exchanges so that they can easily control bitcoin. the stable presence of coins is proof that now trading with bitcoin pairs is decreasing.

I don't know how you think about altcoins and Bitcoin in terms of market capitalization, even though you have been in this forum for a long time and of course you have known Bitcoin for a long time until now. But somehow you value a project and altcoins and Bitcoin so today you say it is. To me this sounds a little funny, because of the thousands of altcoins, none of them has been able to rank first as the best cryptocurrency on coinmarketcap and coingecko.

This means that all altcoins don't have as many enthusiasts as Bitcoin so that the transaction volume of altcoins is still far behind Bitcoin so there is no reason whatsoever for new projects or altcoins to control Bitcoin in any way in the market even though they have many partners with stablecoins in the market. And I think that Bitcoin currently has a lot of pairs and cannot be beaten by any altcoin (including new altcoins).

[Ludmilla_rose1995]

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.

[tygeade]

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.

[GigaBit]

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.

Altcoins and Bitcoins are completely different. It doesn't matter how large the number of altcoins in the market, there will be no natural impact on it. But the negative impact of some top level altcoins can effect bitcoin price temporarily. We all were able to see a big fall of Altcoins like Luna and FTX. Due to which Bitcoin price affected temporarily. But there are many altcoins that are created and die that have no effect on Bitcoin or cryptocurrency. It is important to remember that there are many altcoins but there are very few good projects actively trade in the market. And that's why no matter how many altcoins increase, it won't have any impact on the market.

[YOSHIE]

will the increasing number of altcoins affect the price of bitcoin,?

I once, read regarding your question, with the title: The Top 7 Most Influential Factors on Bitcoin Price

In the seven factors above, I see the one you mentioned is included in that category.

Competing Cryptos
The rise of competing cryptocurrencies, also known as altcoins, can influence the price of Bitcoin. As new coins enter the market, they may draw attention and investment away from Bitcoin.

Conclusion:

However, Bitcoin’s status as the original and most well-known cryptocurrency can also benefit its price, as it often acts as a gateway for investors entering the crypto market.

[dunfida]

The presence of many altcoins certainly makes the bitcoin market cap less and less, especially now that there are more and more large projects that are supported by strong finance and are connected to many exchanges so that they can easily control bitcoin. the stable presence of coins is proof that now trading with bitcoin pairs is decreasing.

The presence of altcoins can positively and negatively affect bitcoin, not all of it bad. More and more altcoins are sure to influence bitcoin dominance, this is seen when years ago, bitcoin accounted for 80% of the market cap, but now bitcoin dominance is only half the market. But the flip side is that even if there are millions of altcoins created, there is still not a single altcoin that can outperform bitcoin. That shows that bitcoin is still the best coin, worth using and investing in the market. Bitcoin is still the king in the market, although many altcoins claim to own new technology, new features, and utilities…but they all have to kneel under bitcoin.

Whether we do like it or not, competition is something that would really be inevitably to happen,considering that there would really be developers who would really be creating something which is trending and which of
course they would be trying out to create something which is really basing up on the flaws on the current coins that having on the market on which they would really be tending to be much more better.
As we do speak about Bitcoin then we do know its flaws and lacking and this is where altcoins would be kicking in and trying to patch up those con's but since we've seen that despite of its con's
its still mainly been supported by the community. Why? Nothing beats out the origin of crypto but wont really be surprised if ever one day there would really be some flip out.

Just let those coins floating around on the space on which to those  who do have real use case would be able to survive and a couple of shitcoins or meme coins on this space.
Its better to have other options for us to deal with and not just solely focusing on Bitcoin but well there's no way on stopping that though even if we do like to.

[Pity Token]

I believe it has a positive impact. The variety of coins makes crypto more appealing to the masses, especially all of these Meme coins. A lot of retail won't get into bitcoin, but they will buy Doge or PEPE. Eventually as they learn more they will switch to bitcoin but alts are needed to lead them to the king