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

[Rx009]

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.

[franky1]

not really

it just means less users per market because they are trading on lots more platforms rather then millions of users on one market

it affects the volume of the trades more so.. not the price per trade as much

most of the time by having other markets. people can do a thing called arbitrage
EG
USD-BTC-ETH-USD-BTC (full circle)
or
USD-ETH-BTC-USD-ETH (full circle)

which bot trading then takes advantage of a possible arbitrage path, thus they rinse whatever profitable circuit path is best. thus then causing more volume over multiple markets using the same lump of funds value. increasing the volume of each market

thus it ends up as little to no effect

[tbct_mt2]

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 won't because most of altcoins die after a few months or after a big bull run. Many altcoins are scam and they won't exist too long in the market. Many other altcoins are incapable to develop something that the world actually need so they gradually die especially with downtrend in bear market.

Bitcoin is already a survivor after many years since 2009 and if institutional investors want to join cryptocurrency market, they must pick Bitcoin as their first asset. It has biggest trading volume that is perfectly matched with big capital from institutes.

Dead Coins: How Many Cryptocurrencies have Failed?.

Altcoins are dead coins, Bitcoin is a survival coin.

[yazher]

It depends on what kind of altcoins it is because some of them are really good in the first phase of their times and no doubt, if that's the case then other investors will surely temporarily convert their bitcoins into those coins but when they gather enough earnings from it, they quickly switch back to investing in bitcoins again. sometimes it is really better to stick with bitcoins because when things aren't right with those altcoins, it may gonna turn bad and their price will crash and never recover again. So others will ignore no matter how good new altcoins are because they want some assurance about their BTC and when BTC prices fall, they always recover as we can see today.

[BitMaxz]

Altcoins are dead coins, Bitcoin is a survival coin.

Bitcoin is not a survival coin it is the first coin that was born and developed and it is the main coin(more liquidity) where the price is different from altcoins.

Do not compare Bitcoin to altcoin because without Bitcoin altcoin will never be born.
Even if Altcoin or shitcoin becomes dead or increases in number it doesn't help to grow Bitcoin.

@OP it means it doesn't impact much or no impact if there are many altcoins being born or dying. Most altcoins are scams and it is likely someone develop a new product and resells it to the market it is likely a Fake vs authentic product but the original product doesn't drop in the price instead it increases in value while the fake one keeps declining.

[AverageGlabella]

No we already have 1000+ altcoins any more is just another one. I think that having so many altcoins which are scams stops people investing in btc because they only hear of the horror stories with the altcoins and assume that btc or crypto is dangerous to invest in. That probably has reduced our adoption but I still think people will eventually understand that altcoins are just people trying to emulate the success of btc. There is probably only a couple of altcoins that are worth peoples time and they can be counted on one hand.

[Mpamaegbu]

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

Not in anyway; at least not negatively. If anything, the numerosity of altcoins in the market will even help boost the price of Bitcoin. Let me draw a simple analogy with this. Just imagine if we've only two altcoins in the market and Bitcoin, the law of demand and supply will kick in and investors will be propelled to buy either of the two alts and that will solidly increase demand and consequently the price. Bitcoin price wouldn't even be where it's today with just two solid altcoins in the market instead of the 22,390 cryptos in the market according to CMC data. More people are turning to Bitcoin (against altcoins) and investing there because of the prevalence of scam altcoins there are in the market. This has helped increase the demand and price of Bitcoin.

[AverageGlabella]

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

Not in anyway; at least not negatively. If anything, the numerosity of altcoins in the market will even help boost the price of Bitcoin. Let me draw a simple analogy with this. Just imagine if we've only two altcoins in the market and Bitcoin, the law of demand and supply will kick in and investors will be propelled to buy either of the two alts and that will solidly increase demand and consequently the price. Bitcoin price wouldn't even be where it's today with just two solid altcoins in the market instead of the 22,390 cryptos in the market according to CMC data. More people are turning to Bitcoin (against altcoins) and investing there because of the prevalence of scam altcoins there are in the market. This has helped increase the demand and price of Bitcoin.

It is about integrity the more altcoins we have the more we have that have no original features and are looking to pump and dump that can hurt the adoption of btc because the news will cover these altcoins which have scammed many people. Then people do not want to invest in crypto because they are scared that his will happen to them. This does effect bitcoin and it would be better if we only had altcoins which offered unique features instead of having 1000+ altcoins that offer the same features.

[Bitcoin_Arena]

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,?

No, It does not negatively affect the price of Bitcoin

Look at it this way, back in 2017, there were about 1000 different coins and tokens listed on CoinMarketCap. But this did not stop Bitcoin from hitting an all-time high of $20k. First forward to 2021, there were over 20K different coins and tokens listed on CoinMarketCap, again this did not stop Bitcoin from reaching 69K.

The only negative impact is token scams where very many newbies fall victims

[AverageGlabella]

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,?

No, It does not negatively affect the price of Bitcoin

Look at it this way, back in 2017, there were about 1000 different coins and tokens listed on CoinMarketCap. But this did not stop Bitcoin from hitting an all-time high of $20k. First forward to 2021, there were over 20K different coins and tokens listed on CoinMarketCap, again this did not stop Bitcoin from reaching 69K.

The only negative impact is token scams where very many newbies fall victims

That is not evidence that btc is not affected by altcoins the altcoins could have helped btc because it got people invested into altcoins which then changed to btc when they learned more about it. I think altcoins are the best way to learn about crypto because most of them are worth nothing and you can make mistakes without big consequences. You cannot do the same in btc because it is worth something and will always be worth something. People can learn without these consequences and then when they are ready invest in btc and be safer because of their knowledge of altcoins.

[Rruchi man]

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

If anything is going to have an effect on the other, It will be Bitcoins the superior having an effect on altcoins and not altcoins having an effect on bitcoins. It is common knowledge in cryptocurrency that bitcoin leads and strongly has an effect on the prices of all other cryptocurrencies. Even if the number of altcoins are on the increase which is something that will always happen, it cannot affect the price of bitcoins negatively.

[Jawhead999]

Yes,

But it's not because the altcoins are more superior than Bitcoin, the reason is many people especially newbie doesn't understand anything about Bitcoin and they will buy a shitcoin because someone suggest it or the price is cheaper than Bitcoin. Actually they don't need to buy 1 Bitcoin because they can buy in fraction like 0.05 or 0.005 and such on.

Since there are many choice and people made a mistake to invest in shitcoin, Bitcoin price haven't surge a lot.

[rat03gopoh]

I think altcoins are the best way to learn about crypto because most of them are worth nothing and you can make mistakes without big consequences.

That's if you just dip your finger in so that a bad experience at the start isn't a big deal to continue to dive deeper and be careful.
Some newcomers fail to improve and opt out after the 1st failure for sticking their whole ass to the bottom of the altcoin scam pool, take memecoin hype 2021 for example.

[FatFork]

The relationship between the number of altcoins and the price of Bitcoin is not clear-cut. The rise in altcoins can divert market focus, potentially hurting Bitcoin's price.
On the other hand, the existence of a wide range of altcoins may have also sparked public awareness and interest in the cryptocurrency industry as a whole, potentially leading to increased demand for Bitcoin. The presence of a diverse range of coins can also bring new innovations and technologies, which can benefit the entire industry and lead to a positive impact on the price of Bitcoin. So, all in all, I'd say it's like a double-edged sword.

I think altcoins are the best way to learn about crypto because most of them are worth nothing and you can make mistakes without big consequences.

Learning from your own mistakes is cool and all, but relying on it too much has its downsides. It can be time-consuming, inefficient, and costly. So, relying solely on learning from your own slip-ups isn't the smartest move.

[Yogee]

I wouldn't say it's because of the increasing number but it's on the presence of alternative coins. Perhaps you could think of a person who has $1000 to invest. He could put all that amount into bitcoin if there was no other option. He may have heard there are altcoins that could potentially give him more gains so he decided to allocate $300 to btc and the rest to two or more alts. Imagine if there are many people who would think like that.

[Pandu Geddon]

the ever-increasing number of altcoins will probably only affect the adoption of Bitcoin from newbies. some beginners or maybe more choose altcoins because the price is cheaper. and also maybe because of suggestions from others. because I have friends who prefer short-term investing in altcoins rather than Bitcoin.

I might think more about the positive impact it has on strengthening the market because of more altcoins. although of course there is also a negative impact when more and more shitcoins end up being scams.
but as more people adopt crypto it means there will always be growth in the better market. crypto adoption is getting bigger. when the choice is also greater. the impact on market strength is not specific to the price of Bitcoin.

[avikz]

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 strongly believe yes!

Majority of the altcoins are pure gambling. A lot of people invest on them as if they are a get rich quick scheme. In 5his process, a lot of people looses their money. So these altcoins are a big roadblock for bitcoin's liquidity.

The investments that should have come to bitcoin, a divided to these altcoins which are resulting in less demand for bitcoin. If 20% of the investments that are going towards these shitcoins, were coming to bitcoin, we would have crossed trillion dollar quite easily. So these altcoins are really bad for the market.

[SirLancelot]

the ever-increasing number of altcoins will probably only affect the adoption of Bitcoin from newbies. some beginners or maybe more choose altcoins because the price is cheaper. and also maybe because of suggestions from others. because I have friends who prefer short-term investing in altcoins rather than Bitcoin.

I might think more about the positive impact it has on strengthening the market because of more altcoins. although of course there is also a negative impact when more and more shitcoins end up being scams.
but as more people adopt crypto it means there will always be growth in the better market. crypto adoption is getting bigger. when the choice is also greater. the impact on market strength is not specific to the price of Bitcoin.

Not only from newbies but there are some veterans who will get tempted on their short-term pumps. I am talking about the new altcoins but they can also invest on old altcoins for the long term as a part of their diversification. This affects BTC somehow. If BTC is the only crypto then it will get all the demand and its value is already high now.

If more newbies will get scammed by those scammy altcoins then they will leave the crypto world and they might also warn other people about this. That is one of the down side of having an altcoin in this market. Even though not all are obvious scams but we don't know maybe their devs will get tempted to pull the rug later on? There are also legit alts who will get weaker in the long run. People can still lose their money this way.

[Broadanbig]

I do not think increase in altcoin will in any way have affect on bitcoin price. Bitcoin has been there before the inception of altcoin  and as a matter of fact, bitcoin has created a niche for itself as the first digital currency in the world and therefore it is termed the digital gold with a limited supply and demand on increase. Gradually, bitcoin will become legal tender in most countries in the world which altcoin can not achieve in any way.
Another thing to note is that bitcoin is not regulated by any government or anybody compared to altcoin so therefore bitcoin price as I know can never be affected by altcoins even of altcoin keep increasing tremendously and otherwise.

[ethereumhunter]

You are right. It will not affect the bitcoin price. But that makes the list of altcoins will continue to change from time to time due to competition between the altcoins. And only altcoins can really benefit investors and traders who will survive for the long term because those altcoins can benefit them. In addition, with so many altcoins on the market, traders and investors have many options to make profits but they have to really look for the right coin.