With very little experience in Bitcoin my opinion is based on layman's understanding, so please correct me if I'm wrong, it's true without other altcoins Bitcoin investors would be much but, looking at it from the other hand without these other altcoins and tokens the popularity of cypto world and it's digital currencies would still be in a drowsy motion i.e competition amongst Bitcoin and other altcoins has made Bitcoin more popular and trust worthy for investment because, Bitcoin has proven its outstanding authenticity when compared to other altcoins.

No! i think you have made some mistake in understanding the potential BTC have. And what's the benefit of competition if there will exist no ALTs. As then the market dominance of BTC will become 100%. And there will be no competition which is less exciting. And investors will always find another way to diversify their portfolio. If they will not find any ALTs to invest in.

In short, your question needs to be upgraded with information of dominance of BTC. which is increasing from its origin. Like if we see in 2019 the dominance of BTC was around 70% if i am not wrong and from then it is keep getting low indicating that the investors are moving in other directions. like Defi, NFTs, etc. And now in the current phase many investors are moving towards AI. To increase their portfolio.

Although it's true the existence of altcoins make people who're want to invest in Bitcoin is divided, but there's nothing we can do and we know Bitcoin is always win among other cryptocurrency. Newbie will make mistake and it's completely fine, as long as they know invest in altcoins is wrong and then choose to invest in Bitcoin, they're already in the right path.

I'd say it's not a competition, but it's a part of learning. Since there are still many altcoins exist and traded everyday, it show many there are a lot uneducated people.

If there were only Bitcoins on the market, that might not keep Bitcoin from getting this far. And the Bitcoin price will also not be able to increase to as high as yesterday and will be even higher in the future. People also don't pay much attention to Bitcoin because they haven't been able to see the advantages of Bitcoin for them.

Maybe the number of Bitcoin investors wouldn't be as many as it is today if it was only Bitcoin because what makes people interested in using Bitcoin is the big profit factor they can get. Meanwhile, the presence of altcoins gives people hope to benefit in the form of more Bitcoins through trading.

But forget about the competition between Bitcoin and altcoins because altcoins are not comparable to Bitcoin. Maybe the competition is between one altcoin and another because each altcoin wants a good position in the market.

Exactly, and it's also worth mentioning that there will always be innovation so people will try and replicate bitcoin's success and some might even improve upon what they think bitcoin is lacking or that they're just ambitious and they want to create a competition. Nonetheless, even if there is no competition for bitcoin, I don't think that the price will go this high because without competition, there's no notoriety that bitcoin is experiencing right now and even if there is, I don't think it's going to be the same.

It could be, but as humans there is bound to have some sort of competition or at least there will be options, and that's why altcoin market was invented in the first place.  It's an "alternative" to BTC.

At least though we are still in the 40%++, so it means that bitcoin dominates the market even though there are like thousands of altcoins out there. So that is good enough to hear that and obviously, bitcoin has a lot of investors, including government, institutions and retail investors just like the majority of us.

Do you think the existence of altcoins affects bitcoin by an inch? they are two different things, they can't compete bitcoin and as far as am concerned, every one having one or two altcoins also posses bitcoin as their main cryptocurrency had invested in, i will admit that everyone by default have been introduced to bitcoin before any other cryptocurrency and would have developed some portfolios in bitcoin investment before advancing into making an additional efforts with alts currencies.


The idea is that you can get people into bitcoin and later investing on other cryptocurrencies and some may not even go there because of the risk with alts, it's very rare of you to see an altcoins investors not having bitcoin or not to have invested in bitcoin, it's very common now that you discover people making bitcoin their first investment with an additional of other cryptocurrencies to back it up.


I disagree, which competition is going, it's a choice that people made, no altcoins can have value and priority like bitcoin, bitcoin is the leading cryptocurrency and other cryptocurrencies follows, only a newbie will take altcoins for an investment but an experienced person will only invest on bitcoin and take risk on others if he wish to.

I do not think that someone will invest more than 50% in alternative currencies in exchange for a smaller percentage in Bitcoin. Most investors invest mainly in Bitcoin along with several cryptocurrencies. This percentage may vary from 0% to 50%, but everyone who invests more than 50% is someone who does not know the nature of investment.

Since you gave an example of banks, after the crisis in three US banks, more people are investing in large banks instead of peripheral banks that do not have a large customer base.

If Bitcoin didn't had any flaws in it, other altcoins would never emerge especially Ethereum. Despite it's high gas fee, it's very popular among the new investors to buy ETH as compared to Bitcoin.
Reason being the Dapps they have implemented by the biggest brands in the world on Ethereum and other second layer like Polygon etc.

Everything happens for a reason, and Bitcoin will continue to grow for those who HODL.