Originally Posted by siteholder
There is a lot of speculation that having lots of dofollow links will leach the PR from your site and make it go down in rankings. However, that is a myth...if that were truly the case, sites like Wikipedia would lose ranking due to the tons of outbound links they have.
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I have mixed feelings about that also. In general, too many outgoing links on your website may affect its rank, but Wikipedia is so popular and its rank is too high to be affected by those outgoing links. Well, it's just my stupid opinion.