Topic: Which altcoins are likely to go up when BTC goes down? - page 2. (Read 513 times)

You can wait until the bull run coming because Bitcoin will get the time to increase. If you sell your Bitcoin now, you may be regrets when you see the price back to $70k or even higher. So you can still hold your Bitcoin for more because many people hold their Bitcoin until now.

You can sell your Bitcoin for stable coin pair and hold it in your private wallet. If you want to get fiat, you can send some stable coin amount to exchanges and sell it on there. You don't have to pay the bigger taxes if you don't sell at once.

For altcoin that can go up when Bitcoin price down, you need to take a look at the market and find out by yourself. Or you can check on Coinmarketcap or Coingecko for the altcoin lists.

My approach is to try to ignore dollar-value (fiat-value in general).

Your wording makes it sound to me that you are worrying about the fiat value rather than focusing on the value-in-bitcoins.

If you take the position, which seems to me an extremely reasonable position, that fiat is actually basically yet another shitcoin, and look at its history which as far as I am aware is for every fiat on the planet that it goes forever downwards in value, often "by design", then...

...Don't worry about fiat's occasional "pumps", in fact probably tell yourself, when you see fiat "pumping", that it is almost certainly a mere "pump and dump".

Don't bother having fiat as either side of any of your trading-pairs.

I admit that since I earn my living via crypto I do sell off bitcoin or stellar lumens for fiat.

It is only very recently though that I am starting to toy with the idea of actually "trading" on the bitcoin/fiat and lumens/fiat markets, and that only as a ploy that I hope might boost slightly my eventual outputs of fiat to live on. A little boost on the way out, basically, so that when or if bitcoin or lumens tank relative to fiat I have a column of buy offers sitting there waiting so the dumpers dumping the bitcoin or lumen are selling them to me cheaper and cheaper and cheaper the more they "dump" and when or if bitcoin or stellar trends toward the moon I already have a column of sell offers in place so as it shoots higher and higher it is being bought from me at higher and higher and higher prices than I had normally been expecting.

Try looking not at how fiat is doing versus crypto but, rather, how various other cryptos are doing versus bitcoin, and build columns of sell offers going up and up and up and up, and columns of buy offers going down and down and down, so that whether bitcoin tanks relative to the other side of your pair or the other side tanks relative to bitcoin you are profiting on the other side of the pair; that way volatility is actually good for you too, you will find that coins whose price hardly moves are not very appealing...

But since fiat can pretty much inevitably be expected to go forever down in value, be very cautious about having any fiat as any side of any of your trading-pairs!

-MarkM-

I think not, because I noticed that there are still alts last time who rise when BTC is down. Solana for example. There is also ETH. I know there are more than them if we always track the crypto market statistics. We also have what we called alt season. It usually comes after the Bitcoin bull run. It's when majority of the altcoins are pumping.

In the year of 2017, both alts and BTC are pumping on the last quarter of the year but in 2018, both of them have dumped. This is the cycle of bear and bull. And yes, it's common in any financial markets. I also agree that the pump of altcoins will depend on the BTC dominance, because if the dominance is less, that may mean that people are going for altcoins.

I don't think stable coins will be depegged especially for USDT and USDC, if you expect Bitcoin to crash 40% then you should have swapped and made stablecoins and bought when that time comes.

Well that would be stablecoin. If you want an altcoin thats not perceived btc's price then thats totally impossible. Most alts are also paired with btc and even so, btc crash would likely affect other tokens too and worse much bigger down. Thats the thing about altcoins you could gain 10x to 100x but also the down can be 90% like what happened last year after the bull run season. Most coins are down.

No one can tell when what will happen in the crypto currency market. Even nobody can accurately predict the crypto currency market. Bitcoin is the most expensive coin and the most popular coin in the cryptocurrency market.If the price of Bitcoin falls in the crypto currency market, the price of other coins will fall. But OP as you said I have never seen any alt coins increase in price when bitcoin price goes down I think it's rare now. After the announcement of Bitcoin Fake ETF approval a few days ago we saw the price of Bitcoin rise above $48000 and most of the altcoins rise. But after that fake ETF was detected, the price of bitcoin started to fall and then the price of alt coin also started to fall. Maybe this proves that when bitcoin price is dumping, alt coin price is dumping.

OP, There are thousands of altcoins in the market, you can research exactly how many will go up or down. I have noticed many instances in the cryptocurrency market where the price of Bitcoin has decreased while several altcoins have increased in value, and Many altcoins I have no idea can grow. I have also noticed that, when the price of Bitcoin falls, many investors sell their holdings and transfer their funds to stablecoins to protect their value and reduce the risk of further losses. However at the moment I can't give you the exact solution, if BTC goes down Which altcoin will go up. But i can tell that you hold top-level altcoin that have shown resilience in the past.

For me, it's different now.
It's very rare now to happen that if Bitcoin dumps, altcoins pump.
But before, like around the bull market 2017-2018, that's the common behavior.
But now, if Bitcoin dumps, altcoins dumps too. And sometimes it also depends in Bitcoin dominance.

Exactly, for now no altcoins can go up when Bitcoin is coming down. When Bitcoin comes down all the altcoins  comes down some even drastically reduced. There is no probability of any altcoins that woll takeover the position of Bitcoin. Bitcoin nis always at the top. And altcoins can not do what Bitcoin does that is not true. Though ni have not gotten any altcoins yet and the altcoin that the person might trying not tell op is Ethereum. Because Ethereum is the only Altcoin that is second to Bitcoin, though it is still very far from reaching Bitcoin.

That's a line of crud.  All Altcoins don't outpace bitcoin in a bull market.  You can look at bitcoin dominance during bulls and see its lead widen that's because it's outpacing the market.  Yeah there are some alts that will outpace it of course but the chances of winning by playing the altcoin game is risky it usually doesn't work out.

I don't understand what you're talking about about taxing stablecoins, if you do that then who will tax you? Banks, or governments,... cannot afford to intervene too deeply in each cryptocurrency, and as long as you still keep the "key", how you use it is your business, not sure if you are wrong mixed into fiat or not?

But in general, you should not be too influenced by this market, because it does not always increase forever on a certain time frame, its fluctuations bring return/risk. So if there is a long-term plan, it is only a matter of time for bitcoin to reach the $100k target. I don't think at the moment there will be altcoin growth in your opinion, because I know there are trends. The direction still goes against bitcoin's situation, but its risk profile is often more complex. So if you consider safety, I do not recommend speculating on things you do not understand, it would be reasonable if in the short term you can keep the stablecoin yourself and it is completely possible to wait for the price to decrease to buy more.

You are too complicated because you can't achieve everything you want, you have to make sacrifices and calculate it carefully, it would be better, which one will make you more profitable, sell it and become fiat by having to pay high taxes, exchange it for altcoins which may experience a decline much bigger than the tax you have to pay, and if you are afraid of stablecoins you have to find out which one is safer even though there is no guarantee because what you are worried about could happen, or exchanging it for an altcoin which is more stable would be an option but You have to find out what it is yourself

It is very hard to time the market 100% correctly market trends are predicted based on TA and FA which can be wrong sometimes.

On the other hand, Those altcoins that use the Bitcoin network show you the same trends. in case of Bitcoin go up altcoin will also go up and if Bitcoin bounces back down altcoin will also bounce back. if you are only keeping an eye on those altcoins that use Bitcoin network you need to find them and invest in them. Altcoins work on pumping and dumping schemes but those altcoins that have strong use case is more beneficial.

Yes, there are altcoins that can perform as well as Bitcoin, but not all of them will be able to match Bitcoin's capabilities.

It is a fact that many altcoins consistently outperform Bitcoin both during their peak pumping seasons and during their peak dumps. However, the reality is that many of these altcoins mimic Bitcoin's actions, so when Bitcoin does not pump, many of them hardly pump, and when Bitcoin dumps, they always begin dumping right away. However, the market capitalization of numerous altcoins is the reason behind their arbitrary pumping and dumps.When a coin has a small market capitalization, a small amount of capital placed in it can cause it to pump, and a small amount of capital from the altcoins project might cause it to dump regardless. An example of this is Ethereum, which has a large market and rarely dumps like other altcoins.
 

It depends on you, we cannot predict the market and just so you know, Bitcoin is the king of cryptocurrencies, but when choosing an altcoin other than BTC, I will definitely buy ETH because it is the king of cryptocurrencies. You need to remember that if you just want to sell BTC then your prediction is that BTC will go down, but if you want to keep it This means your expectations for BTC will rise, don't be hasty, keep researching and HODL

This is a good question from the OP and I have been trying to be observant about this as well. But in my opinion, Ethereum didn't crash much this time and even outshined Bitcoin because of the Ethereum ETF that is next in line after the Bitcoin approval. This excitement is what is helping Ethereum to perform better as people believe that it will behave just like Bitcoin behaved some months ago due to the optimism and tension behind the ETF saga. However, I believe that this show of strength of Ethereum will subside over time and will even fall because it is due for another correction. Most times, Ethereum and Bitcoin move the same way even if the magnitude could vary. I expect that to fall in line again and the two continue as they usually are.

Now, about the reverse movement coins/tokens, well, I have tried to study most of them but they are not perfect in their inverse movement, but to some extent, I think that when Bitcoin relents SOL could later rise. This is not happening all the time but most times. In recent weeks, I discovered that PEOPLE and XAI are rebel tokens, especially PEOPLE, it is buying when most coins including Bitcoin are falling and do the opposite in the reverse manner. You might want to check this out as well.

Actually there are instances you will find some alts going up despite btc price is down, such scenario usually occur base on certain events happening within the ecosystem of such alts.
If you look at Tia and Sei in the past few days, you will notice the price keeps surging regardless if btc price was down. There has been so many hype surrounding Tia because of the airdrops eligibility for stakers, for sei perhaps just normal hype,  so this type of scenario makes the price to keep going up while btc price is down.
Most alts follows the btc price movement but there are few who sometimes act differently.

It is not working like what you wish it for but like what the first answer you can always rely in Stable coin so your funds will not go down with bitcoin or any altcoins in your holding but also there is no chance of growing once the market fireback to upwward position so try to convince yourself to what is your true target then.

If I were in your position, I would divide this ,  half into Bitcoin and the other half into Ethereum. This is because, as we can observe currently, while bitcoin is experiencing a decline, ethereum is moving in the opposite direction. In the coming days or months, they might both see an upward trend. I wouldn't convert this to stablecoins because, although stable, these currencies can still lose buying power due to inflation. Additionally, the approval of a Bitcoin ETF and the upcoming Bitcoin halving are substantial reasons to hold onto Bitcoin.

Welp, I just laid down your options, and in the end, it's up to you which route you're picking — with each option having its own pros and cons.

But really — I'd probably just go BTC or ETH if I were you. Probably going to hard to get in and out of altcoins.