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

[Unbunplease]

When there is a reasonable level of regulation, the number of shitcoins will decrease significantly, which could have a positive effect on the entire cryptocurrency market. However, I personally doubt the reasonableness of regulators because they like to go from one extreme to another

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[Frankolala]

Bitcoin price will not drop because of all the altcoins that is in the market. Altcoins are shitcoins with zero percent value in the long run. The bull market of bitcoin brings their value down which make most people see it as valueless. These altcoins are bringing down the trust on bitcoin since a lot of people that don't understand crptocurrency bitcoin, invest in them and do get disappointed.

Bitcoin is the most valuable crptocurrency and has survived since 2009 till date which makes it more unique and resistance to whatever economy challenges in the world. Bitcoin investment needs patient for benefits but your patient on altcoins might lead to you losing all your investment.

[sha420hashcollision]

Yes, it's quite obvious. Each dollar in an altcoin (I am speaking specifically about the 99.9% of which that are proven scams not the .1% of interesting projects) represents a dollar that is protecting centralized, government funded, VC funded, inflationary, bloated, closed source, cryptographically-insecure, and morally reprehensible code. All of that money could be in bitcoin, ~ 600billion dollars will be funneled directly to the top of the big bankers pockets through centralized scam coins instead of making bitcoin a 1 trillion dollar market cap asset valued at 60k.

[capedbaldy]

Bitcoin price will not drop because of all the altcoins that is in the market. Altcoins are shitcoins with zero percent value in the long run. The bull market of bitcoin brings their value down which make most people see it as valueless. These altcoins are bringing down the trust on bitcoin since a lot of people that don't understand crptocurrency bitcoin, invest in them and do get disappointed.

The impact of altcoins can affect the market price ups and downs even if only for certain news, for example Luna impact and FTT have dropped the market to as low as $15k, the current altcoin project is very bad because there is no guarantee it can be developed long term and many teams end up selling coins to the market before they run away, so I agree that altcoins only worsen investor confidence in crypto.

[Jating]

Bitcoin price will not drop because of all the altcoins that is in the market. Altcoins are shitcoins with zero percent value in the long run. The bull market of bitcoin brings their value down which make most people see it as valueless. These altcoins are bringing down the trust on bitcoin since a lot of people that don't understand crptocurrency bitcoin, invest in them and do get disappointed.

The impact of altcoins can affect the market price ups and downs even if only for certain news, for example Luna impact and FTT have dropped the market to as low as $15k, the current altcoin project is very bad because there is no guarantee it can be developed long term and many teams end up selling coins to the market before they run away, so I agree that altcoins only worsen investor confidence in crypto.

I think it's a different impact though, for me it has an impact as a whole. I was under the impression of the question

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

So I would say no, it has no effect whatsoever, bitcoin is a stand alone crypto, heck it is even called the prime mover on the market. So if there is a impact, it should be the other way around. Every crypto is based on bitcoin, i.e. bitcoin/ X altcoin.

For altcoin is a free for all market, in my opinion and no where as solid as bitcoin and they are riskier as well.

[Lida93]

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.

OP like you rightly said, the increasing numbers of altcoins on daily basis has no atom of effect on BTC not to speak of one that's negative. On the contrary  it's BTC price that  does affect and has influence on the performance of most of these altcoins, when BTC price rises those altcoins follow suit, same with when it falls.
Altcoins can't be compared with BTC in terms of value through the test of time, as these altcoins just flash into the market and disappear within a very short time and that's unlike bitcoin.

[Minecache]

These altcoins are bringing down the trust on bitcoin since a lot of people that don't understand crptocurrency bitcoin, invest in them and do get disappointed.

I don't think so, altcoins are raising the bar for bitcoin, the more altcoins disappear, the more it proves that there is no better and safer coin than bitcoin in the crypto industry. Although the death of altcoins will somewhat negatively impact bitcoin as many people don't know the difference between them but in the long run, it turns out that bitcoin is the most unique and reliable.
Many people hate altcoins as they keep crashing, but to me, that's normal as we are in a growth phase, and we need to make sacrifices to make greater progress.

[Joshapat]

The increasing number of altcoins will of course reduce the bitcoin marketcap, 5 years ago the bitcoin marketcap was more than 60%, but now there is only about 32% left, especially after the presence of several stable coins which have now beaten bitcoin's daily transaction volume, but the other side is that bitcoin is still be king and I'm sure it will last for a long time.

[Ludmilla_rose1995]

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 already more than 10 thousand altcoins circulating on the market and it doesn't affect the price of bitcoin at all, in fact it's a good thing for bitcoin because of the pairing of btc, and the new altcoin. bitcoin is the benchmark of the cryptocurrency market and until whenever its price will not be damaged just by the increase in the number of altcoins.

[fuguebtc]

The increasing number of altcoins will of course reduce the bitcoin marketcap, 5 years ago the bitcoin marketcap was more than 60%, but now there is only about 32% left, especially after the presence of several stable coins which have now beaten bitcoin's daily transaction volume, but the other side is that bitcoin is still be king and I'm sure it will last for a long time.

This seems to be true, in 2017, bitcoin's market capitalization accounted for 80% of the total market cap, but so far bitcoin's dominant market cap is 41%. Bitcoin dominance is up and down year by year, but in the long run, it is being influenced by altcoins. If altcoins continue to explode further and bitcoin dominance continues to fall, it is not yet sure if this is a good or bad thing. Once bitcoin dominance is gone, market movement will no longer depend on bitcoin.

[19Nov16]

Now more and more altcoins are being developed seriously and with strong financial support, and of course it will disrupt bitcoin market capitalization, and the downward trend of marketcap certainly cannot be stopped, and with this fact of course in the next 5 years there will be several competitors who will replace bitcoin.

And I think as investors we will not be too affected by this, the most important thing is to be able to benefit from bitcoin or altcoins.

[arwin100]

Now more and more altcoins are being developed seriously and with strong financial support, and of course it will disrupt bitcoin market capitalization, and the downward trend of marketcap certainly cannot be stopped, and with this fact of course in the next 5 years there will be several competitors who will replace bitcoin.

And I think as investors we will not be too affected by this, the most important thing is to be able to benefit from bitcoin or altcoins.

Although it can disrupt its market capitalization still it cannot affect bitcoin since in the essence that bitcoin is the most known crypto in the market for sure people will realize to hold Bitcoin aside on those alts they bought. Also those new altcoins could provably bring new crypto users so maybe this can give a long term good effect on Bitcoin since they might be introduce on more good aspect about crypto if they experience to get scam by those bad projects since realization will come especially when they go on good discussion about top altcoins which is good option to invest in the market.

[South Park]

Now more and more altcoins are being developed seriously and with strong financial support, and of course it will disrupt bitcoin market capitalization, and the downward trend of marketcap certainly cannot be stopped, and with this fact of course in the next 5 years there will be several competitors who will replace bitcoin.

And I think as investors we will not be too affected by this, the most important thing is to be able to benefit from bitcoin or altcoins.

I will have to disagree with you, I do not see how in such a short amount of time several altcoins will be able to replace bitcoin, there may be a few altcoins which are geared towards a very specific area and which may outperform bitcoin there, but to think several coins will come out of nowhere and be a better coin than bitcoin does not seem realistic to me, especially when bitcoin is strong not only because of its technology but because of the massive trust the community has in it, and this factor will not disappear so easily.

[savetheFORUM]

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 already more than 10 thousand altcoins circulating on the market and it doesn't affect the price of bitcoin at all, in fact it's a good thing for bitcoin because of the pairing of btc, and the new altcoin. bitcoin is the benchmark of the cryptocurrency market and until whenever its price will not be damaged just by the increase in the number of altcoins.

Are we sure about that? I mean just based on CMC numbers, during the bear market of 2018, we had a few thousand at most, but after 2021 bull run we had tens of thousands of things there, and it keeps getting listed more and more and not like they are an exchange, they don't really need to delist anything, even if it goes to zero, only if they want to, but can leave it there as well.

This means that we may have gone down in bitcoin price during 2022 because the money that could have kept it going even higher, may have gone towards these tens of thousands of coins, not just investment but development costs as well, maybe billions could have been spent on bitcoin went to these little things.

[Fatunad]

Now more and more altcoins are being developed seriously and with strong financial support, and of course it will disrupt bitcoin market capitalization, and the downward trend of marketcap certainly cannot be stopped, and with this fact of course in the next 5 years there will be several competitors who will replace bitcoin.

And I think as investors we will not be too affected by this, the most important thing is to be able to benefit from bitcoin or altcoins.

Although it can disrupt its market capitalization still it cannot affect bitcoin since in the essence that bitcoin is the most known crypto in the market for sure people will realize to hold Bitcoin aside on those alts they bought. Also those new altcoins could provably bring new crypto users so maybe this can give a long term good effect on Bitcoin since they might be introduce on more good aspect about crypto if they experience to get scam by those bad projects since realization will come especially when they go on good discussion about top altcoins which is good option to invest in the market.

Yes, altcoins could might able to get some market share despite on solely focused on bitcoin but its not something that could really be stopped which there would be projects would be launched out but it doesnt mean that it would be the main reason on why it would be giving out big impact on Bitcoin. Demand and recognition is heavily focused on Bitcoin and some top altcoins in the market which is really something that
we could see and we arent that blind.DOesnt matter if we do have lots of altcoins in the market because the main indication and factor that would drive out value would be always "DEMAND".

[justdimin]

I will have to disagree with you, I do not see how in such a short amount of time several altcoins will be able to replace bitcoin, there may be a few altcoins which are geared towards a very specific area and which may outperform bitcoin there, but to think several coins will come out of nowhere and be a better coin than bitcoin does not seem realistic to me, especially when bitcoin is strong not only because of its technology but because of the massive trust the community has in it, and this factor will not disappear so easily.

I agree that there would be nothing that could ever replace bitcoin neither in 5 years, nor later than that. There are a lot of people who hold high hopes for these altcoins and they hope that it will do that but we all know that it is not going to happen, we are not going to see something like this at all.

We know that it is going to end up with absolutely nothing like that at all. We know that these altcoins are mostly shit, and will end up being shitty in the long run as well, and "most" of the top ten will be out of top ten in the next ten years as well, maybe bitcoin and ethereum will stay, bnb depending on how binance does, I am not even entirely sure about the stablecoin ones.

[Woodie]

Yes and No!

For starters we need to understand that for the crypto economy to grow, bitcoin alone can not do it unless with the support of other altcoins which compliment Bitcoins weaknesses like slower transaction times, and known support for tokens on its chain...

Also on the other hand the same altcoins we have are just too many on the market such that they do what bitcoin does nothing special about them and in a way siphone Bitcoins true value potential away.

The increasing number of altcoins will of course reduce the bitcoin marketcap, 5 years ago the bitcoin marketcap was more than 60%, but now there is only about 32% left, especially after the presence of several stable coins which have now beaten bitcoin's daily transaction volume, but the other side is that bitcoin is still be king and I'm sure it will last for a long time.

But these numbers alone don't show the true story, 5years ago it might have been bitcoin versus 500 altcoins but today it's btc against 2000 coins which means even if bitcoin gets stronger the number of altcoins on the market will bring Bitcoins dominance down.

[peter0425]

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.

if you will stay longer here? then you will understand what is this question and what is the answer , thousands of altcoin had been created and many are still in circulation but that does not bring a huge impact in bitcoin.
actually the increasing number of altcoins helps bitcoin to grow more support as it only shows how trust worthy this coin compared to altcoins.

[sana54210]

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.

In my opinion it will definitely have negative impact on the growth of bitcoin in long run because you just need to assume that if all the money right now we are having in entire altcoin market would have been invested into bitcoin alone then where would be bitcoin trading right now? That's really unimaginable. But, unfortunately we have our own enemies who will eat the money intended for bitcoin investments.

At the same time I appreciate the existence of alternate cryptocurrencies, because we need them for at least for diversification purposes which means people will invest some money into them and will spread their risks across different assets.

[dezoel]

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.

In my opinion it will definitely have negative impact on the growth of bitcoin in long run because you just need to assume that if all the money right now we are having in entire altcoin market would have been invested into bitcoin alone then where would be bitcoin trading right now? That's really unimaginable. But, unfortunately we have our own enemies who will eat the money intended for bitcoin investments.

At the same time I appreciate the existence of alternate cryptocurrencies, because we need them for at least for diversification purposes which means people will invest some money into them and will spread their risks across different assets.

The money that is intended for Bitcoin, goes to Bitcoin and not to any altcoin no matter how old or trustworthy they are. You said it yourself, that altcoins are a good way to diversify one's investment since no one wants to put all their eggs in one basket. So if there were no altcoins, people would choose something else to invest that money in like gold or real estate or silver. So basically, the money that isn't meant to be for Bitcoin is invested elsewhere and that elsewhere are altcoins.

Altcoins are a big reason why cryptocurrency industry is so widely known in the globe today. Bitcoin alone would take longer to spread the word to the people around every corner of the world if there were no altcoins and other sectors such as NFTs, blockchain-games etc. which are products of altcoins.