does the increasing number of altcoins have a negative impact on the price btc - page 2.

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Quote from: AnonBitCoiner on February 27, 2023, 01:42:14 PM

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.

Quote from: AnonBitCoiner on February 27, 2023, 01:42:14 PM

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.

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Quote from: AnonBitCoiner on February 27, 2023, 01:42:14 PM

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.

Quote from: AnonBitCoiner on February 27, 2023, 01:42:14 PM

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.

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Quote from: capedbaldy on February 24, 2023, 07:10:10 PM

Quote from: South Park on February 24, 2023, 05:50:55 PM

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.

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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.

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Quote from: South Park on February 24, 2023, 05:50:55 PM

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.

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Quote from: justdimin on February 18, 2023, 02:35:41 AM

Quote from: South Park on February 16, 2023, 05:07:12 PM

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.

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Quote from: btc78 on February 20, 2023, 10:39:00 PM

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.

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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.

Quote from: 19Nov16 on February 16, 2023, 06:56:49 AM

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.

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Quote from: dezoel on February 20, 2023, 06:20:34 PM

Quote from: sana54210 on February 19, 2023, 05:22:55 PM

Quote from: Rx009 on January 31, 2023, 06:20:13 AM

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.

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Quote from: 19Nov16 on February 16, 2023, 06:56:49 AM

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.

Quote

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.

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Quote from: dezoel on February 20, 2023, 06:20:34 PM

Quote from: sana54210 on February 19, 2023, 05:22:55 PM

Quote from: Rx009 on January 31, 2023, 06:20:13 AM

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.

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Quote from: sana54210 on February 19, 2023, 05:22:55 PM

Quote from: Rx009 on January 31, 2023, 06:20:13 AM

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.

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Quote from: Rx009 on January 31, 2023, 06:20:13 AM

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.

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Quote from: Rx009 on January 31, 2023, 06:20:13 AM

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.

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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.

Quote from: Joshapat on February 16, 2023, 12:11:26 AM

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.

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Quote from: South Park on February 16, 2023, 05:07:12 PM

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.

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Quote from: arwin100 on February 16, 2023, 08:40:38 AM

Quote from: 19Nov16 on February 16, 2023, 06:56:49 AM

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".

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Quote from: Ludmilla_rose1995 on February 16, 2023, 12:34:17 AM

Quote from: Rx009 on January 31, 2023, 06:20:13 AM

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.

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Quote from: 19Nov16 on February 16, 2023, 06:56:49 AM

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.

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Quote from: 19Nov16 on February 16, 2023, 06:56:49 AM

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.

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