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

[Mahanton]

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.

Each person does have their own set of goals on which we do really differ when it comes to perceptions and decisions to be made basing up on what we do have in our mind.Most of the time we are really that tending to increase our bitcoin holdings via dealing up with some alts on which on the time you do make profits then it would really be stored up back into Bitcoin which it isnt really that a bad idea.
In speaking about the topic about number of altcoins? Then it would be a non-stop on which there would be devs who would continually to create something new and basing
up on some hype or something and this is why numbers could be stopped but dont worry because the main focus and attention would be on Bitcoin and some top altcoins in the market.

[fadhilz123]

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.

The development of altcoins with strong financial backing in no way will interfere with Bitcoin as a very popular currency and from the fact that it has been seen in the past that there have been more altcoins developed and also a decrease in the price of Bitcoin. All of that doesn't make Bitcoin replaceable and can still be in the first position as the best cryptocurrency of all time and I think this will continue in Bitcoin and there will be no altcoin that can compete with Bitcoin in the future.

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.

If you are an investor and advise not to be swayed by this, then you also don't need to believe in many altcoins even though they were developed with stronger financial backing. Because altcoins will only compete with altcoins and they are not on the same level as Bitcoin, so you also don't need to pay attention to any altcoin development for this because altcoins cannot affect Bitcoin. Meanwhile, Bitcoin is able to influence many altcoins to move in the market.

[Vaskiy]

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.

Agreed, what is being assigned for bitcoin goes into it. So, the existence of more number of altcoins won't affect the bitcoin market at any means. More the altcoins, more will be the choice of investment. However the trusted top list of altcoins were preferred against the 20k+ altcoins available on the coinmarketcap.

It is true that more people get to know about cryptocurrency through these altcoins. Same time, even now there is an understanding that cryptocurrency means it is bitcoin.

[btc78]

Bitcoin may have opponent in finding investors but it always find way to increase its value than to decrease .
I mean each 4 years? the bottom is changing but same as the ATH, so this means the support of the people always stays in Bitcoin.

Effect? yeah of course but negatively? I am not sure mate because as I am aged here in this forum that I watched the coming of hundreds if not thousands of  altcoins? I see no bad effect at all in long term.

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.

that is what we are seeing in the next couple of years as the crypto world is increasing continuously each year.

[justdimin]

Bitcoin may have opponent in finding investors but it always find way to increase its value than to decrease .
I mean each 4 years? the bottom is changing but same as the ATH, so this means the support of the people always stays in Bitcoin.

Effect? yeah of course but negatively? I am not sure mate because as I am aged here in this forum that I watched the coming of hundreds if not thousands of  altcoins? I see no bad effect at all in long term.

It doesn't even need to find new people who would invest, which it always finds anyway but it is not a must. It just needs to get the people who sold and got out back again and buying. If they sold, that means they can buy again, they once did, and those people could take it a lot higher.

Plus, you don't need to really just buy to make it higher, buying is one side, but "not selling" is the other side, sellers could dictate the price by making it more expensive for buyers and that could increase the price as well. Combine these two things together and we are going to end up with a much higher price even without needing any new buyers at this moment.

[South Park]

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.

Altcoins are often overestimated, for every altcoin that we can consider to be successful we have hundreds of altcoins which have failed, this failure rate is too high and it makes very obvious bitcoin is the best coin in the market by far, however many investors do not want to accept this fact for the simple reason that if this is true then the chances they can invest just a few dollars in a coin and then become rich become zero, and they do not want to accept this reality even if it should be painfully obvious their expectations are out of place.

[capedbaldy]

Altcoins are often overestimated, for every altcoin that we can consider to be successful we have hundreds of altcoins which have failed, this failure rate is too high and it makes very obvious bitcoin is the best coin in the market by far, however many investors do not want to accept this fact for the simple reason that if this is true then the chances they can invest just a few dollars in a coin and then become rich become zero, and they do not want to accept this reality even if it should be painfully obvious their expectations are out of place.

The altcoin hype era may no longer be the hope of investors, many altcoins and even top altcoins have been scammed and investors have lost their large investments in altcoins, altcoins cannot be made profitable investments and the most risky investments, I suggest you not get involved in altcoin investments unless you accept the risk loss, the right choice for bitcoin investment and you never worry about market corrections because the price potential will recover in the future.

[AnonBitCoiner]

It does not matter that how many new altcoins originates, BTC will always persists as BTC and the price will elevated gradually. Some people do not prefer new coins because they have no guarantee that what will happen to this token in future. I know that there is no such coin which has 100 percent security that it will never decrease in price but bitcoin has shown that it can enhance the income of each individual if handled accurately.

Bitcoin is always the first priority of every individuals and other altcoins are not such profitable as compared to bitcoin. And there is no effect of generations of increase number of altcoins on the cost of bitcoin. Bitcoin has own place and is consider as one of the successful coin in all crypto industry but its important to understand the conditions and keep bitcoin for at least two or three years.

[South Park]

Altcoins are often overestimated, for every altcoin that we can consider to be successful we have hundreds of altcoins which have failed, this failure rate is too high and it makes very obvious bitcoin is the best coin in the market by far, however many investors do not want to accept this fact for the simple reason that if this is true then the chances they can invest just a few dollars in a coin and then become rich become zero, and they do not want to accept this reality even if it should be painfully obvious their expectations are out of place.

The altcoin hype era may no longer be the hope of investors, many altcoins and even top altcoins have been scammed and investors have lost their large investments in altcoins, altcoins cannot be made profitable investments and the most risky investments, I suggest you not get involved in altcoin investments unless you accept the risk loss, the right choice for bitcoin investment and you never worry about market corrections because the price potential will recover in the future.

I would love for the hype of altcoins to disappear or at least for it to diminish greatly, but I doubt that will ever happen, and this is because during each bull market a new batch of newbies will come to the market and they never take the time to analyze the history behind this market, so despite our warnings they decide to invest in all kind of altcoins and eventually they are going to suffer the same fate as most of those that came before them and lose their money when investing in those coins.

[lionheart78]

It does not matter that how many new altcoins originates, BTC will always persists as BTC and the price will elevated gradually. Some people do not prefer new coins because they have no guarantee that what will happen to this token in future. I know that there is no such coin which has 100 percent security that it will never decrease in price but bitcoin has shown that it can enhance the income of each individual if handled accurately.

But the thing is funds that should be flowing into the Bitcoin market were diverted to the newly created altcoins. Thus it hinders the growth of Bitcoin market.  So yeah I think that the ever growing number of altcoin has a negative impact on the price of BTC.

Bitcoin is always the first priority of every individuals and other altcoins are not such profitable as compared to bitcoin. And there is no effect of generations of increase number of altcoins on the cost of bitcoin. Bitcoin has own place and is consider as one of the successful coin in all crypto industry but its important to understand the conditions and keep bitcoin for at least two or three years.

Not all individual's priority is Bitcoin because, if it is the first priority of all individual then we would not be seeing other investors investing in altcoins.  But instead we all see many investors rushing to invest, other's even selling their Bitcoin stash in order to get into the creation of new altcoin.

[Baofeng]

It does not matter that how many new altcoins originates, BTC will always persists as BTC and the price will elevated gradually. Some people do not prefer new coins because they have no guarantee that what will happen to this token in future. I know that there is no such coin which has 100 percent security that it will never decrease in price but bitcoin has shown that it can enhance the income of each individual if handled accurately.

I somewhat agree, but if we are talking about crypto in general, altcoins is part of it, and no matter how many times we deny, there are people who have this ability to risk and invest on altcoin and make huge money, it could be small percentage though, but still good for them to make that kind of money in the whole crypto.

Bitcoin is always the first priority of every individuals and other altcoins are not such profitable as compared to bitcoin. And there is no effect of generations of increase number of altcoins on the cost of bitcoin. Bitcoin has own place and is consider as one of the successful coin in all crypto industry but its important to understand the conditions and keep bitcoin for at least two or three years.

And that's why we have the bitcoin maximalist and or investors who just put their money on bitcoin only because they believed and they really know that it's the one and only crypto for them because it shows big profits, specially for those early investors.

[cafee_orange]

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 of course it will not affect the price of Btc even though many altcoins are launched. I think with so many good Altcoins being launched it will make a lot of people more interested in Crypto. of course some of them will also invest in Bitcoin, thus the price of Bitcoin will increase in my opinion

[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 of course it will not affect the price of Btc even though many altcoins are launched. I think with so many good Altcoins being launched it will make a lot of people more interested in Crypto. of course some of them will also invest in Bitcoin, thus the price of Bitcoin will increase in my opinion

If the majority of the altcoins that were released were good projects this would have a beneficial effect on bitcoin as more people will be interested in a market which is so full of new and interesting projects, unfortunately this is not the reality we are facing, most of the altcoins being released are useless and when their inevitable end comes they scam their investors, investors which not only lose their money but in many cases they lose any motivation to be part of this market and they leave to never return, affecting bitcoin in a negative way on the process.

[FUCKBSVFUCK]

I don't think so. There are a lot of altcoins in circulation and all of them can be traded directly, but the altcoin is just another piece of paper that is not used for trading, and therefore does not mean that the value will change. 
 
The main reason why people still get a lot of coins is because of

[Pujangga]

I don't think so. There are a lot of altcoins in circulation and all of them can be traded directly, but the altcoin is just another piece of paper that is not used for trading, and therefore does not mean that the value will change. 
 
The main reason why people still get a lot of coins is because of

The presence of altcoins, of course, must be admitted to reduce the marketcap of bitcoin, even though at this time bitcoin is still king but more and more people are also investing in altcoins, huge profit opportunities are of course the main reason why people want to share assets into altcoins, besides that the presence of altcoins makes more variations.

[Lanatsa]

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 of course it will not affect the price of Btc even though many altcoins are launched. I think with so many good Altcoins being launched it will make a lot of people more interested in Crypto. of course some of them will also invest in Bitcoin, thus the price of Bitcoin will increase in my opinion

If the majority of the altcoins that were released were good projects this would have a beneficial effect on bitcoin as more people will be interested in a market which is so full of new and interesting projects, unfortunately this is not the reality we are facing, most of the altcoins being released are useless and when their inevitable end comes they scam their investors, investors which not only lose their money but in many cases they lose any motivation to be part of this market and they leave to never return, affecting bitcoin in a negative way on the process.

We cant really be having that single point or monopolized kind of market on which it would really be just focusing on a single place.In the fact that there's always that someone who would really tend to mimic out

and would be creating something in likes of Bitcoin and now we've been flooded out by lots of projects who are really that tending to get that marketshare.We've been flooded out by shit coins but look at on where  or what happened on Bitcoin? It doesnt really depend no matter how much coins been existing on the market on where its dominance would really be still ahead just because the demand and recognition would always stick into the original or father of all crypto which is Bitcoin. It would be no surprise on why its been placed up on the top spot.

Market dominance had been divided which it is really that something good to look at because investors could really have various options and selections
which they could be able to make when diversifying out their investment which its really that an advantage.

[Baoo]

Absolutely not, and to be honest most of altcoins die after few months of launch. At the beginning, they create a HYPE to attract sellers specifically the greedy and beginners, afterward they pump their coins with fake volume and this bull run always last few hours after that the price decreases significantly and goes to 0. In fact, Bitcoin is not negatively affected by the number of altcoins, due to the majority of traders and investors especially the expert ones and whales don’t take the risk and give attention to these dead and scam coins. In fact, the lifespan of 90% of altcoins is temporary , they can last only few months.

[duckalis]

No, the growing number of altcoins has no effect on the price of BTC. Even the growing number of ERC tokens created on Ethereum has no effect on the price of ETH.

[Franctoshi]

Bitcoin is just on its own and is the overall driver of this crypto market and its technology cannot be competed with any altcoins out there, Bitcoin is the only true decentralized crypto that we have there. The crypto industry is just like a race that involves survival of the fittest, regardless of the increasing number of altcoins, only few with use cases will really stand the test of time, because the next bull is gonna be base on the utility run , if Bitcoin moves potentially almost every other coins follow suit. So I see no negative impact that the altcoins have on BTC.

[ilovealtcoins]

Absolutely not, and to be honest most of altcoins die after few months of launch. At the beginning, they create a HYPE to attract sellers specifically the greedy and beginners, afterward they pump their coins with fake volume and this bull run always last few hours after that the price decreases significantly and goes to 0. In fact, Bitcoin is not negatively affected by the number of altcoins, due to the majority of traders and investors especially the expert ones and whales don’t take the risk and give attention to these dead and scam coins. In fact, the lifespan of 90% of altcoins is temporary , they can last only few months.

I think on the contrary, if there weren't so many altcoins created, people would focus mainly on bitcoin, and that would make bitcoin more valuable. Bitcoin is experiencing increased competition from altcoins, so being hit is inevitable. Think most newbies don't want to invest in bitcoin, they just invest in altcoins to get rich quick. But if all newcomers invest in bitcoin, causing demand to increase, then bitcoin will grow even more.