Now a days all alt coin markets has been dumping and dumping without any simple pump for the btc price increasing.So just i want to know that can bitcoin destroy the maximum type of alt coins market?
That is also my observation. As bitcoin price increase a lit of altcoins decrease. So i can say that altcoins and bitcoin has a relationship to each other. It ia hard to say that because im still in the process of observation a lot of things. And that is one of my observation.
for me i dont think so that they have relationship between altcoin and bitcoin just because of the price that bitcoin make some pump and altcoin are dump because the moment how it move the moment how this coin play on the market just because of us.
No this type of scenario is not an evidence for the fact that Btcs are actually capable of killing other altcoin. The dumping phase constant for the altcoins has many reasons the most obvious of them is the demand and supply. As the price of Btcs has increased to the extreme level in the last months, so the whole of the exchange market has been covered by this currency shadowing the progress of all others.
So their demand has actually decreased than the supply therefore prices have fallen .but this would be eventually opposite after the dump for the Btcs.