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

[leonair]

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,?

Altcoins is altcoin and bitcoin is bitcoin so one will never have a negative effect on the other.  Bitcoin is a trusted and valuable crypto so no matter how many new altcoins hit the market, no one will ever jump on that new altcoin by ignoring Bitcoin. Yes many people are earning through trading business through altcoins and many are holding altcoins but everyone's first priority is bitcoin. So the constant influx of altcoins into the market is never a threat to Bitcoin.  Rather this is a positive point for Bitcoin.

[Rx009]

the advice and input from everyone is very useful for me and also for everyone, so in conclusion bitcoin will not be affected  its price even though the number of altcoins is increasing.

[taufik123]

Not much influence will occur, altcoins are only complementary, let alone altcoins that do not have good credibility and development, which only tend to take advantage at the beginning of some investors who enter and then leave the altcoin.

Many new altcoins become trash and die. So that altcoins will not have a big impact on bitcoin.
But conversely, Bitcoin will have a huge impact on all Altcoins if the bitcoin price is unstable.

-snip-
But if you think about it, if there were no altcoins, BTC would have more adoption because any person who wants to buy crypto would buy BTC, but many people are buying altcoins because they want returns very fast. I feel this is the only way to put it: altcoins somehow divides the industry and if it wasn't that way, more people would have probably invested in BTC, and the price may be higher than what it is now.

The people who bought altcoins when the hype was early, were expecting huge returns with the pumping boom that was about to happen.
It has been a common practice since the ICO era, I even participated in several presale altcoin projects which provided quite large profits,
maybe 100x of the capital I used or even more.
Bitcoin comes first, if altcoins are less then bitcoin is always an option, Altcoins are just as complementary.

[CryptoBuds]

But if you think about it, if there were no altcoins, BTC would have more adoption because any person who wants to buy crypto would buy BTC, but many people are buying altcoins because they want returns very fast. I feel this is the only way to put it: altcoins somehow divides the industry and if it wasn't that way, more people would have probably invested in BTC, and the price may be higher than what it is now.

I think on the contrary, without altcoins, bitcoin would never have been as valuable as it is today, and the market would not be as robust as it is today. Most market participants are mesmerized by the hype of altcoins, and when they lose money because of altcoins, they realize that bitcoin is worth investing in. Altcoins are hyped and die later, which further proves that bitcoin is the most reliable coin and worth long term investment. Bitcoin alone could not create a market as large as it is today.

[bakasabo]

I dont think that increasing number of altcoin has a significant impact on Bitcoin price. Imo, there is a tiny impact, simply because trading cap is being spread on more cryptocurrencies. Bitcoins market cap is almost $450 billions, the altcoin with few dollars trading value and market cap mathematically has an impact on Bitcoin, but it is unnoticeable.

Draw a similarity between cryptocurrency and beverages. Where Bitcoin is Coca-Cola or Pepsi, and altcoins are all other sparkling drinks. Every week new drink appears in the market, but Coca-Cola or Pepsi are still on top and their price stays the same (if we dont take inflation into consideration).

[LittleBitFunny]

Altcoins never have and will never affect the bitcoin price, even if their numbers increase further. The more competition there is, the higher the value of bitcoin will be, the value of Bitcoin will decrease if it encounters a stronger opponent, but that is unlikely.
The crypto market has been around for more than 14 years, and there is still no altcoin that can beat bitcoin, and that is also unlikely in the future when altcoins only focus on pumping and dumping, while bitcoin contains a utility, benefits that people need.

[crypticj]

Of course not, there is just a general distribution of investments between bitcoin and alts in general. Bitcoin just gains and loses dominance and this money distributes between all alts and it doesn't really matter how much there is.

[michellee]

the advice and input from everyone is very useful for me and also for everyone, so in conclusion bitcoin will not be affected  its price even though the number of altcoins is increasing.

Yes, right. So you don't need to worry about the many altcoins that will be released later. Bitcoin runs on its own and so do altcoins but altcoin prices follow where bitcoin prices go.

The price of bitcoin will be affected if there is news that makes people in the market think that something is going to happen to bitcoin and they come to their own conclusions. But if they want to check the truth of the news, it will often give them the opportunity to adapt to the situation in the market.

[kryptqnick]

I tend to agree with the op. Altcoins were a threat to Bitcoin's market capitalization in 2017, or so it seemed, but then Bitcoin because stronger during the bear market and is currently, many years later, at 40%, even though there were tons of new crypto things, including altcoins specifically, during this period. Altcoins were never a threat to the price, as people don't seem to choose between Bitcoin and altcoins as much as new people get involved and people invest more into cryptos, so there's plenty of demand to go around. Nowadays, I'd say they aren't much of a threat to Bitcoin's share of market capitalization either. Most new projects take up a tiny amount, and very rarely something new reaches significant heights. Even when that happens, it's more of a competition between altcoins than with Bitcoin.

[Issa56]

The only way I think it will affect bitcoin price is that it's going to reduce the rate at which bitcoin price will be growing, some people will invest in altcoins because they believe it's going to multiply their money for them easily compare to if they invest in bitcoin, actually I believe only newbies will choose altcoins over bitcoin, because most of them are looking for where to easily double their money, that's why they are easily scammed, most of them don't really understand cryptocurrency. I think that's the only way that increasing number of altcoins can affect bitcoin.

[RealMalatesta]

the advice and input from everyone is very useful for me and also for everyone, so in conclusion bitcoin will not be affected  its price even though the number of altcoins is increasing.

Yes, right. So you don't need to worry about the many altcoins that will be released later. Bitcoin runs on its own and so do altcoins but altcoin prices follow where bitcoin prices go.

The price of bitcoin will be affected if there is news that makes people in the market think that something is going to happen to bitcoin and they come to their own conclusions. But if they want to check the truth of the news, it will often give them the opportunity to adapt to the situation in the market.

Bitcoin price is the deciding factor, which means that we are not going to end up with altcoins moving by itself for far too long, one or two could make moves each day, but they will go down the next day to regular prices and another new one will go up, and keep repeating that. On the other hand a consistent increase will only happen when the price of bitcoin starts to go back up again.

This is why we believe that we are not going to end up with anything bigger, it is going to be something only dedicated to what bitcoin does. However, it would be always welcomed for me if we had a smaller number of great things, instead of tens of thousands of small unimportant projects.

[Leviathan.007]

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.

I don't think it does because even if we have like billion of alternative coins on the market still this won't affect the bitcoin price that much and the only reason to say this will somehow affect the price of bitcoin is the shitcoins on the market which will make a bad reputation for the market, this way people who have not any knowledge about bitcoin and cryptocurrencies may think all the cryptocurrencies are bad and will have a negative effect in the market environment will this won't directly affect on bitcoin and bitcoin price.

[The Cryptovator]

A strong altcoin is not harmful to Bitcoin. But shitcoins and scam coins are a nightmare for the entire crypto sector, not just for Bitcoin. because people are losing money and money ended up in the scammer's wallet. And 98% of the altcoins on the market right now are scams. The funds are not being used for development or expansion. Due to the decentralized nature of cryptocurrencies, fraudsters can quickly establish a token and raise money. The primary threat to the cryptocurrency business is that.

[South Park]

the advice and input from everyone is very useful for me and also for everyone, so in conclusion bitcoin will not be affected  its price even though the number of altcoins is increasing.

That is right, you should understand that the numbers given as the market cap for altcoins are for the most part huge exaggerations, if an altcoin has one billion coins as its supply and one of them sold for a dollar suddenly the claim is made that this coin has a market cap of one billion dollars, and it should be clear this is not true, with this in mind it makes no sense to worry about so many altcoins being released as nothing can be done about this since anyone is free to release their own coin if they want, but just as they are free to do this the community is free to ignore that coin if they want too.

[famososMuertos]

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.

There are people who know other cryptocurrencies, Alts and then bitcoin, perhaps that is where this concern can arise, so, when one is clear that bitcoin is the main cryptocurrency,  it is that I do not even look what is happening down there, an order hierarchical, if we highlight what exists in a top as they are usually projected on web pages or exchanges, then! perhaps a little exaggerated, but sometimes weeks go by and I don't even look at the top 10.

Hence no matter how many Alts there are, an influence occurs that is produced by bitcoin.

[Davian144]

Of course not, there is just a general distribution of investments between bitcoin and alts in general. Bitcoin just gains and loses dominance and this money distributes between all alts and it doesn't really matter how much there is.

I also think that there is no greater impact for Bitcoin in terms of price with more altcoins present in the crypto space. Because in general Bitcoin is a currency that is very well known by many people so that its dominance will never be lost in the market and also in the memories of many people when they are in the crypto space.

And I often even see the opposite where the price of Bitcoin can be a good influence for altcoins in the market so in general it is the altcoins that have a very positive impact on the price through improving the price of Bitcoin in the market.

[milewilda]

A strong altcoin is not harmful to Bitcoin. But shitcoins and scam coins are a nightmare for the entire crypto sector, not just for Bitcoin. because people are losing money and money ended up in the scammer's wallet. And 98% of the altcoins on the market right now are scams. The funds are not being used for development or expansion. Due to the decentralized nature of cryptocurrencies, fraudsters can quickly establish a token and raise money. The primary threat to the cryptocurrency business is that.

Scam coins and fraud ones do bring out that kind of negative effect but it would really be just for temporal since we do know that prices could still reach up potential prices which we do know that it might reach up all time highs on net years to come.It might not be that guaranteed but at least we do have that chances and potential that it could reach up into that point.Therefore, theres no point for you on stressing out yourself on something which arent really giving out some impact towards Bitcoins price increase potential.We do have lots of altcoins in the market but still Bitcoin does have the huge dominance all over them
which does solidly signifies that people do stick mainly into it and been trusting up more.

[GideonGono]

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.

Yes it wouldn't affect Bitcoin no matter how many alt-coin might be created the original would always be on top.
It doesn't matter how many alt-coins are out there most of them doesn't really have a value.
The only negative impact of those alt-coin in Bitcoin is that newbies that would get scammed by those shitcoin would generalized all of crypto as scam.

[bangjoe]

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.

Here we can take into account that it will indirectly affect the price of bitcoin, the reputation and existence of bitcoin in the long term.
As we can see, market movements are driven by bitcoin movements, in general, it is rare for other coins to stand alone and there has never been a history of bitcoin charts following altcoin charts. That's probably the point Altcoin growth doesn't affect Bitcoin.
But if you look at it from another angle, what Altcoin founders are doing, they always create events and bring new ideas to attract investors into the crypto market and maybe vice versa for a certain period of time.
In my opinion, there are positive and negative Altcoin growth for bitcoin in terms of price and existence which is made from the existence of good or broken Altcoins because bitcoin will be considered the safest and most trusted even though it takes a long time.

[South Park]

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.

Yes it wouldn't affect Bitcoin no matter how many alt-coin might be created the original would always be on top.
It doesn't matter how many alt-coins are out there most of them doesn't really have a value.
The only negative impact of those alt-coin in Bitcoin is that newbies that would get scammed by those shitcoin would generalized all of crypto as scam.

This is a big problem for bitcoin, scammers are everywhere and regardless of how many times we warn newcomers about them and how most altcoins are created by them we are ignored, then when those newcomers are predictably scammed we recommend them to start again while concentrating only on bitcoin this time, but then we are ignored again as due to being scammed those newcomers now make wild generalizations about the market, generalizations which are very damaging since not only they will hold those beliefs but they will transmit them to whoever is willing to listen to them.