Can more digital currencies options decrease bitcoin?

[alamy]

Hello, Giving consumers more digital currencies options, reduce demand for bitcoin and decrease or limit the increase in its value?

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[BlockChainLottery]

Only if those add functionality, it not just decreases because more options are available.

[Anjack]

Would you invest in other metals besides gold and silver?  how about a bunch of steel, or nickel, or tin?  I realize that this is not really a fair comparison, but at some point the market will decide on the best solution to a problem, and part of the appeal to the solution is that there is an infrastructure built around it.

[bitpop]

Those alts are just pump and dumps to get more btc

[00Smurf]

Its greatest benifit short term is keeping the difficulty down on ltc. Long term i see potential for quite a few currency's.

[ggotnip]

Those alts are just pump and dumps to get more btc

That's a sweeping generalization and far from true although BTC is the most coveted for the foreseeable future.