Does every spit lower the price of bitcoin?

[Mlc]

Hey everyone I’m sure most crypto currency enthusiasts were aware of the latest fork in crypto currency, The much anticipated bitcoin cash fork .

Im on the fence though still undecided wether the forks are really beneficial ,Although the bubble may have begun to pop or bitcoin with the recent

decline in price it is not quite fair to conclude that bitcoin has been an abject failure. .bitcoin was not the first attempt at establishing a new kind of

electronic cash, but it was the first to succeed because bitcoin managed to solve the problem of a decentralised digital currency being spent over and

over again. Few people could have imagined the bitcoin would spawn thousands of copycat cryptocurrencies with an estimated value that at one point

approached $1tn. Cryptocurrencies may be highly volatile and bad for the environment, but they do have value as a censorship-resistant means of

sending money.

It’s basically impossible to predict where the next alt coins are going in terms of value . One thing is certain under the laws of supply

and demand: something that can be infinitely replicated must lack long-term value.? For example more forks and the creation of new coins off the back of bitcoin are probably not as valuable as  They are advertised to be .

So my question is with every new crypto currency created , are we essentially lowering the value of the original bitcoin?

 

i would love to read your thoughts on this ❤️