Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC?

[zakariajaki]

in my opinion with the increasing number of new altcoin it will make the increasing value of bitcoin means the better at the top position of bitcoin as mother of existence of crypto world, in the presence of it make crypto more known and progressively progressing technology because bitcoin as pionernya is sure gave birth to a new altcoin, while another positive effect of the new altcoin is to make it easier for new investors to choose with specialists or the focus of the project followed by the new altcoin, may be useful and successful always

[Easx]

I think Neo, waves, and when its show up  Hdac is better than bitcoin. Bitcoin just a popular cryptocurrency now. It hasn't advantage other coins.

[Nicol3]

I think its good for bitcoin because most of the newly created coins now are in ethereum blockchain amd it made no difference to ethereums price in the market so in bitcoins case, I dont think there is a threat if alrernate coins are created in bitcoins blockchain.

[kateycoin]

I think altcoin is big help to bitcoin because some project in altcoin will have a good help in bitcoin and blockchain.  It doesn't mean that altcoin will beat the bitcoin for me it will more investor will buy bitcoin because this is the way to invest to altcoin. So bitcoin will not gone because of altcoin.

[West0813]

Altcoins have some bad effects into bitcoin. Like competition. If there are many good altcoins that will release in the market. There will be many threats it the way of bitcoin.

[ogini]

The market is full of so many cryptocurrency and it will be wise to conconduct a though research before investing  not all may be scam,and as bitcoin grows these good crypto project also grow with it

[Whitly]

I think, depends on what side to look, because from one side bitcoin has strong investors (holders), who won't exchange coins to alts and who interested to keep price increase, from another side hypothetically people can start massive buying alts, what will be based on good/bad news and  bitcoin's price will lose some %. But it will probably, never happen.

[Sled]

In my opinion, they are good for bitcoin because with their project as a cryptocurrency it is helping bitcoin to be popular not by promoting it but for carrying the name of cryptocurrency and with their promotion for their own name and brand, the people who will get interested with their project will be able to be connected to the cryptocurrency world and eventually, they will discover bitcoin as the main cryptocurrency.

[hatshepsut93]

In the long run is doesn't really matter. Think about Amazon or PayPal, did they suffer from the dotcom bubble companies that drew so much investor money away from them? At that time yes, but now they are so huge that it would make very little difference if they got more investments in their early days. Money is not the only resource, time and talented people are also needed for a project to succeed, and you can't really buy them with money. Maybe Bitcoin would be a bit higher now is there were no altcoins on the market, but its technology would be the same. And if all people who work on altcoins decided to work on Bitcoin instead, it would also see only small increases in productivity, because the most important work is cutting-edge research and inventing.

[neliawesome]

I dont think new launch ALT coins & blockchains can affect bitcoin because as we all know bitcoin is still in number 1 spot even though the value drops deeply.Bitcoin has a higher value than other alt coins and it is more trusted.

[cherrymobile]

I think the immediate reaction from people invested into Bitcoin would be negative, when they hear that some new Alt coin or "Blockchain" based technology was launched. You immediately think that money will flow away from Bitcoin to these Alt coins and Bitcoin will lose investors.

Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin?

Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this. <Big companies will kind of legitimize Crypto currencies, because people tend to trust these companies>

Do you think this is Good or Bad for Bitcoin, when this happens?  

nope. i think they have all their base not only bitcoin cause we all know that alt coin is convertable in etherium before bitcoin. in the first place we are raising our fund or investment in blockchain which base on etherium right. money will not comeback if its lose so think wisely. bitcoin investors should know how to be patient

[napi]

it seems it depends on how the products and developments that new altcoin has, if their products are good and there are no obstacles then it can be very good too.

[HolderLoo]

in the general development trend of the crypto market and the blockchain industry. In my opinion, the new altcoin is good for BTC. Because, the altcoin has the utility and efficiency as well as the friendliness, loyalty to daily needs, production and business for the people. In that sense, all will be attached to the development of the community -> it is very important in the existence, maintenance and development of crypto and bitcoin.

[frowsiter]

I think its good for bitcoin because most of the newly created coins now are in ethereum blockchain amd it made no difference to ethereums price in the market so in bitcoins case, I dont think there is a threat if alrernate coins are created in bitcoins blockchain.

Yeah this is also very much true. As ICO's are forming day by day but with no real progress in the ETH platform as they dont really contribute to the value. If they would have increased the value of ETH then it could have had bad effects on the BTC as most of the people would have gotten attracted towards the ETH more.

This would have been really bad for the bitcoin economy. Thankfully there is no progress in the ETH value due to ICO's!!

They are anyway different sphere so lets not get worried about because of the altcoins.

[rainezerr401]

I think the immediate reaction from people invested into Bitcoin would be negative, when they hear that some new Alt coin or "Blockchain" based technology was launched. You immediately think that money will flow away from Bitcoin to these Alt coins and Bitcoin will lose investors.

Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin?

Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this. <Big companies will kind of legitimize Crypto currencies, because people tend to trust these companies>

Do you think this is Good or Bad for Bitcoin, when this happens?  

Cryptocurrency that is running in the market are good because it only means that the market will have more competitors and because of that you can rely that cryptocurrency will not die in the future.

[Nahl]

new altcoins can appears but there is no guarantee those altcoins will survive more than bitcoin even though those altcoins popular but for long term still bitcoin the best cryptocurrencies to hold however i think this is good for bitcoin because possibly the people who buy altcoin also can consider to buy bitcoin as their asset too and if this is happened then i think we will find new investors for bitcoin

[LuffyD.Monkey]

I don’t think so the Altcoin have such an impact on Bitcoin. Bitcoin has been in operation since 9 long years and no Altcoin has been able to affect it, neither in good way or bad way. So many new Altcoins are being launched but I don’t see that they will have a substantial impact on Bitcoin. It is more affected by the demand and supply factors, manipulations by whales or the type of news in the market.

different with me, with the number of new altcoins, bitcoin market gets crowded so that btc demand is increasing, and this is one of the driving factors for rising btc prices, as we saw in 2017

They somehow are dependent on one another. If the bitcoins are going crazy, altcoins start craziness too and vice versa. So if this case if valid then we can consider the interdependency of these two type of coins. Yes if altcoins gets saturated in market, it might be possible that people start looking into that, more than of bitcoins. They might be buying them because they are cheap.

[okala]

New blockchain coins and altcoins are good for bitcoin and even our society as only bitcoin cannot service humanity.  If those coins are not there bitcoin could have not gotten the acceptability and pricing it is having now.  I think we also need most of the tokens except the scam one.

[Ricche]

I don't have any negative marking for them. All of them are really good coins and have good reputation in the market. I also know about about SciCoins a little bit. Though this is new project but result oriented and effective.

[pey]

All of them are good for bitcoin because they attract more money to the market which is good for bitcoin, they can't be higher than bitcoin in terms of market cap.