More altcoins produced the more Bitcoin or even ETH will go down

[Coinmyjob]

In my own opinion, the more altcoins and erc20 tokens being released everyday in market, the more it affects Bitcoin or even Ethereum's price to go down.Since the volume of investors should be instead investing on btc and eth are now divided to altcoins.What do you think?

And other coins are also very dependent on this, especially with low cost. Therefore, the emergence of new coins should be fixed and the emergence of new investors or an increase in the total investment capital in them.

[luongdk]

Probably yes, because mostly people invest in new ICOs with btc and ethereum. But imagine, btc+eth + xrp =80% of market, so this isn't that important movement

[HellDiverUK]

I dont think so, if ethereum platform do not have erc20 token i think ethereum will collapse and go back to $50,,bitcoin movement is not depends on altcoin, its been superior all periode.

[jems]

In my own opinion, the more altcoins and erc20 tokens being released everyday in market, the more it affects Bitcoin or even Ethereum's price to go down.Since the volume of investors should be instead investing on btc and eth are now divided to altcoins.What do you think?

Don't forget too that invest in ICO need ETH too, it means investor will buy ETH first and then get their tokens, it is right if they profit they will sell their ETH, but i don't see it really affects on ETH price.

That's right, it can be said to be a reasonable turnaround so it doesn't have much effect on the decline in ethereum prices. Or if we blame the ICO project for this problem, I think not because every lot of new coins coming to the market will also have a lot of shit coins that die in the market, so basically this is competition.

[BitcoinHodler]

your mistake is that you think the investors are choosing between bitcoin and others so your conclusion is that if the "others" are more then smaller number would choose bitcoin which sounds logical but your initial assumption is wrong which makes the conclusion wrong.

what REALLY happens is that people aren't left with multiple choices. they only have one choice and that is bitcoin. AFTER that they have many choices between many altcoins and they have to decide which altcoin to choose to invest their bitcoin in and make profit on it.

[yugyug]

The more the altcoins the more trading pairing option will be made since most of the trading pairs are based on btc and eth. The more trading pairs the more btc or eth demand arises. Most altcoins are unsustainable most of it are for short term pump and dump without any legitimate use cases altcoins could not survive for more than 2000 altcoins only 25 percent or less will surpass the bubbles for the upcoming years. Bitcoin still does not affect it is dominance regardless of how many altcoins will produced each month.

[Crypto_lion]

That's not really true it may have been the case during the crazy bull run when people invested in all the altcoins .Now people are very specific about what they wanna invest in.

[Napole0n]

The biggest factor that keeps the market from dropping is the growing strength of bitcoin and ethereum, if combined, the bitcoin and ethereum marketcap reaches more than 80%, while more than 2000 altcoins compete for the remaining $ 20 billion marketcap.

[xuan87]

Yes exactly, when more and more altcoin coins being created it's mean we are creating more weak coin, that eventually going to weaken the Bitcoin and all alt coin, the investors will divide their investment and the transaction volume of Bitcoin will be decreasing and with more altcoin then there will be more problem, like the scam rate will increase

[CrazeCoinz]

In my own opinion, the more altcoins and erc20 tokens being released everyday in market, the more it affects Bitcoin or even Ethereum's price to go down.Since the volume of investors should be instead investing on btc and eth are now divided to altcoins.What do you think?

The more the new token being release this will help to increase the popularity of cryptocurrency as those new projects will bring new investors. New investors will first buy Bitcoin before he will invest on those token and if he will withdraw his crypto he will then trade his token to bitcoin before it exit to fiat. This will increase the demand of bitcoin and the money flowing on the cryptocurrency.

[CryptoAssasin]

You have a point and I believe that ETH is the one to blame with these shit coins popping out everyday. The bad news is that those shit coins purposes is to raise an ICO only to scam its investors by either running after collecting the funds or dumping the project after getting listed to the market. Most ICO nowadays are always dumping its price right? ETH should stop supporting those tokens and start supporting an altcoin that really got a potential or real product before using their blockchain. If BTC and ETH or if we only have atleast 500 altcoins existing today, Bitcoin surely is above $50,000 today for sure.

[ruthbabe]

In my own opinion, the more altcoins and erc20 tokens being released everyday in market, the more it affects Bitcoin or even Ethereum's price to go down.Since the volume of investors should be instead investing on btc and eth are now divided to altcoins.What do you think?

I honor your opinion, mate. But I think even if there were lots of altcoins and lots erc20 tokens being released every day in the market, it has nothing to do with the price of Bitcoin and/or Ethereum. What I know is that the price of Bitcoin, Ethereum, and other coins (including tokens) are determined by supply and demand in the market where they're being traded.

[blockman]

That's what exactly happens. If more altcoins are being produced everyday, people will have more choice to put where they want to invest. Instead of very one coin to invest and support by the community which we can push to make the market cap higher, it is being divided.

That's not really true it may have been the case during the crazy bull run when people invested in all the altcoins .Now people are very specific about what they wanna invest in.

I think you don't understand the point of what OP wants to tell.

[Ghebung Masam]

In my own opinion, the more altcoins and erc20 tokens being released everyday in market, the more it affects Bitcoin or even Ethereum's price to go down.Since the volume of investors should be instead investing on btc and eth are now divided to altcoins.What do you think?

not like that, every investor who invests in Altcoin or ICO only aims to make a profit. if they have got it, they will return to invest in Bitcoin.

[xenomorphe1]

It depends if the investors investing in new altcoins are current Bitcoin and/or ETH holders. If it is the case, Bitcoin and ETH can go down. If they are new investors, they won't go down as it is new money coming into the market. But with the current cryptos market, there is surely not a lot of new investors.

[EdenHazard]

In my own opinion, the more altcoins and erc20 tokens being released everyday in market, the more it affects Bitcoin or even Ethereum's price to go down.Since the volume of investors should be instead investing on btc and eth are now divided to altcoins.What do you think?

Everyone will think thousands of times to invest in a new altcoin, unless he has special knowledge when predicting a potential new project. Unlike when someone looks at bitcoin and ETH they will not think long to start an investment. Bitcoin and ETH have good views when seen by everyone even every new person. I think, the decline in the price of bitcoin or ETH is not caused by what you mentioned and there is not even a relation with what you mentioned.

[leea-1334]

I agree, but only partially,,, this market is completely flooded with tokens and alts, and people have been just inflating the crypto market value with more money, and the realization that they are mainly worthless has cause Bitcoin to go down in price, but this is also importantly a consequence of Bitcoin itself being overly valued during the 2017 hype. Bitcoin will continue to strengthen as the time passes and people understand finally that utility wins at the end of the day.

[phoinex]

I don't think that's a problem, because every year new funds will continue to come in as the interest of crypto-invested people increases, maybe not this year due to market conditions that crash, maybe 2 years or next year.
more and more projects of course make fierce competition.

This is true that investors refrain from feeling, they are lurking and I think if the market has returned like the end of 2017 it will be very pleasant and it will happen.

[TrumpD]

In my own opinion, the more altcoins and erc20 tokens being released everyday in market, the more it affects Bitcoin or even Ethereum's price to go down.Since the volume of investors should be instead investing on btc and eth are now divided to altcoins.What do you think?

I think the opposite is the case really. 99% of these new coins and tokens are paired against bitcoins and ethereum. To buy them, you need one of either bitcoin or eth. The laws of demand and supply dictates that this should drive up the usd value of bitcoin and eth, due to demand against new coins/tokens.

[Froy]

In my own opinion, the more altcoins and erc20 tokens being released everyday in market, the more it affects Bitcoin or even Ethereum's price to go down.Since the volume of investors should be instead investing on btc and eth are now divided to altcoins.What do you think?

Now it is easiest to make fork ether, so the price for it as the demand drops. I believe that this should be somehow controlled, otherwise everything will just plunge into a variety of forks. There is nothing new in them, nor what can be profitable; these are just temporary pumps.