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

how much tax percentage is applied when you do trading? i think if you do trading in local exchange it is hard to avoid tax, so i think do it in global exchange which only have trading fee when you exchange fiat money use p2p

I do not think that there are many that will go up when bitcoin goes down, most of them will go down with bitcoin, only one that is standing and not going up or down is the stablecoins and that is why they are being purchased when the market is bear, most people move to getting to that point and we can't really consider that changing that much.

Just focus on getting a good result whenever you can during bull run and when it's bear run either keep DCA your way into cheaper entry point to make more money or you could just end up doing more when the time comes and you could just focus on making money from stablecoins and standing still and re-enter when the price drops a lot. Those are your options when bitcoin goes down and most people use these two to make money when bear market comes.

Holding both ETH and BTC seems the most reasonable way to invest your funds without much risk.
There are thousands of other alts as it was said, but those would bring you the most stability / profit ratio in the long run.

I think, Ethereum is the major altcoin that is increasing when Bitcoin is increasing and when the price of Bitcoin is decreasing Ethereum will be decreasing also that made Ethereum the king among altcoins, because their team are very active like Bitcoin team which is the reason Ethereum is maintaining second position among cryptocurrencies. I don't think holders will sell their Bitcoin when the price of Bitcoin is decreasing, because that is the time to continue holding your Bitcoin until the bullish season take over the market before they can sell to transfer the funds into stablecoins to have peace of mind. Those top altcoins that use to increase whenever the price of Bitcoin is increasing, which you have to verify them by yourself before investing on them and they will make you reliable whenever the price of Bitcoin is decreasing or increasing in the market.

I plot value against BiTCoin on my tables and charts at http://galaxies.mygamesonline.org/digitalisassets.html

See for example this table: http://galaxies.mygamesonline.org/inbtc.html and the corresponding plot: http://galaxies.mygamesonline.org/plotbtc.html also available as a gif: http://galaxies.mygamesonline.org/inbtc.gif

Are there any other sites you know of where you can see tables and plots of value versus bitcoin rather than versus fiat?

-MarkM-

It seems to me that Kaspa is not a bad investment at all, though as it was said, everything has it risks and should be weighted out accordingly.
Thaks for mentioning some ways to gain something from Kaspa, further analysis is needed to say for would be better to be done.

Also with Kaspa you have the third profitable option which is mining. You just have to follow the new ASIC trends etc..

One thing I find rather annoying about looking for how coins are faring in bitcoin price rather than in fiat price is although CoinMarketCap for example has a setting that looks like it should show you prices in bitcoin rather than in some fiat or other (usually USD), that setting does not actually work properly.

Try setting it to show in bitcoin and, at least last time I actually tried doing it, thinking aha awesome you can set it to show correctly for a bitcoiner, I found it was "bullshit", coins that I knew darn well had been going up against bitcoin were not shown as doing so on the little seven day chart on the table. Also sometimes ones I knew had been going down versus bitcoin were not shown as doing so always.

It took a bit of comparing a few such minicharts to guess that what seemed to be happening was it was not even changing those little mini displays at all regardless of what currency you set it to display in.

It looked like it is really only displaying from "versus fiat" price records not actually from a record of price versus bitcoin, so all its reds and greens were not in fact working right when supposedly showing price in bitcoin. All it seems to do on switching to a different currency, such as bitcoin, for the display was convert the actual current price to price in bitcoin, not any of the comparison colours/charts showing ups and downs and percents of up and down. Aaaarrrrggg!

-MarkM-

As a $KAS (Kaspa) holder then this is the thing that i do really like with this coin on which it could independently be able to move out when it comes into its price trend or movement. It doesnt really come along
with the market sentiment on which if Bitcoins price goes down then we do know that the entire market would really be going down or same goes into those altcoins on which it would really be following on the same path
but we do know that there are certain coins on which it could goes opposite into the market trend and this do really shows or signifies that there are really indeed projects that could go its price without basing up on the
Bitcoins price current condition, but of course it doesnt mean that success or assurance will really be that happening. Always consider about risks management all the time on which this is something that you do need.

If you are a holder then it wont really be an issue because if you've seen that the market is dumping then this is the best time to have some shopping specially into those coins on which you do really tend to hold for long term. We do know that market isnt really just that moving on a single path or movement to take but rather it could neither goes up and down or sideways. It would really be that up to you on how well you do hover yourself towards this unpredictable space. This is really that survival of the fittest and to those who are really that good on handling themselves towards market different conditions.

I don't see him mentioned bear season but it was only when BTC price goes down. Even if there is a bear, I think there are still a few coins who can go against it. They must be new, so yeah that their pump is not long-lasting, so there is no point of being jelly or what to hop on it too because there is a big tendency that we can only lose our money. A simple fall in the BTC value won't be enough to drag other coins but it needs to be a big one and this is where the bear market is created. No need for you to convinced us about it because we are not blind to not see it.

Obviously mate. Colour red indicates a drop because red symbolizes negativity. While it was the colour green for positivity or when the prices are rising.

Kaspa sometimes goes up while btc is going down...

Going with big alts may mitigate what you described, though, it's everybody's choice what to choose and in what to invest.
Going with BTC alongside some big alts is the best course of action, in my opinion.

yes, i agree, no altcoin can withstand the power of bitcoin, if only for a short time. When bitcoin drops, it often leads to the inevitable consequence that the whole market drops. limit your excitement if there is an exception because be sure to be ready for its decline.

It's hard for any altcoin to escape the bitcoin downtrend,… There are a few times in history that I've seen XRP or ETH rally out of that dominance for a very short period of time, but everything will have to return to the market rules. Also, altcoins don't have any strong traction right now to be able to make such a surprise. All the support needs to be observed and focused on bitcoin first and then altcoins, I have to go back to the lesson of patience. Lol

in general when the market is experiencing a decline it is very difficult to get a coin or token that reverses direction, when the market goes down relatively altcoins go down in price and much worse down, for the sake of altcoin habits in the market, only when side ways in the bearish zone there must be one or two that increase, it also depends on what they do and get at the moment so that they increase when the market is experiencing a decline, I can say there is but rarely.

I will suggest you to go behind the new listings Coins as soon as Bitcoin dump because mostly new projects distribute a lot of thier supply in different promotion reward airdrop so after listing they faces huge dump but thier team try to generate green moves in order to attract new investor and make project more reliable, trusted and stabilized even Bitcoin goes down at that time and most of project bleeds but keep in mind mostly it work but sometimes it goes against you so be prepared for unexpected ancidents. DYOR

It's true that after Luna ancidents and some other people feel huge risk to swap thier fund to stable coin, I believe Bitcoin will always be beneficial for you as no matter how down it goes it will comeback and return you investment in double or triple so always choose Bitcoin for safe journey

I think no altcoins are up during bear season and if there's any it will only rise in a few days but it will still end up to dropping,if the bitcoin fall almost all altcoins price drop i see it so many times before not just once,when i check my portfolio during bear season every token price are color red which indicates that the price are dropping.

Bro, I really do understand the angle you are coming from, you just want to hold unto your gains when the bull run is over, but thinking of swapping Bitcoin to an alt coin or shit coin is actually suicidal, because we all know that alt coin and meme coin falls more than they rise,  and if the price of Bitcoin can  crash by 40% as you said, I can bet that all alt coin and shit coin alike will crash up to 70%, so the best possible option is to hold your asset in a stable coin as usdt.
Lastly, in my own perspective bro, this is actually not something to worry about because  I don't think the usdt will be depegged anytime soon, so holding your gains in a stable coin is actually the best way to go, considering all the available options, though I might be wrong, but that's my own opinion though.

Bitcoin drives this market's tendencies in every directions. Altcoins just follow Bitcoin's fluctuations. There are some exceptions, but it's not possible to predict them, because they move based on pump and dump schemes launched by the developers to take advantage of the current market's conditions. So, let's say Bitcoin just crashed, then money is injected in a random altcoin to give investors the impression it's superior and more profitable compared to Bitcoin, since it's pumping, while the king of crypto market is falling down.

Personally, I would just ignore altcoins going up when BTC is going down, because there is a huge chance it's an altcoin displaying artificial performance, which can't be taken seriously on long term.

I have experienced it from the market many times, but not all altcoins that dump or pump whenever BTC is pumping or dumping in the market because there are some altcoins which are not pumping till now since BTC dump to $57k. Some altcoins that is dumping with BTC are ETH, BNB and Sola and other which is very common in the market and people are using the price of BTC to monitor ETH, BNB and Sola price to earn profit from their hodling.

If you want to earn profits from altcoins investment whenever BTC investors are earning profits, make ETH, BNB and Sola your choice and you will enjoy your altcoins investment because am talking from experience.

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.

This is true but as they said that experience is the best explanation, if you haven't experienced anyone before you might not know the true meaning of this because there is more to what he said to you.

There is Bitcoin season and there is altcoins season, Bitcoin market can pump for 2 weeks straight and it's possible that altcoins will remain stagnant and few will pump during that time, it's like that because everyone will be focus on the bitcoin market but as soon as the Bitcoin market is done, it will might do some corrections and then remain between some price but the fluctuations will not be that significant. This is when altcoins pickup and there moves is usually a fast and furious one, a coin can pump for 2 weeks straight and will not stop with 1000% and you will think it's stopping only for them to continue until market is stop by some news where it might do a heavy fall or correction for good coins, meme usually collapse after this kind of pumps.


The market don't crash unless there is something that happened but because of the volatility nature of Bitcoin, they fall harder than bitcoin. When Bitcoin was having a small market and liquidity, it use to do what altcoins are doing today but with time it grow to become more stabilize due to the liquidity surrounding it. It's either you stick to Bitcoin, altcoins or hold stablecoins, it's as simple as that.

There is no way to avoid taxation if you're going to ask me and that's what you have to accept. Whether you cash out through selling Bitcoin, stable coins or any other altcoins, they'll still going to go through with your local fiat currency and that's going to subject you for taxation and gains. I know that it's going to take a lot of money from the principal amount but that's how life is, they say that debt is tax free so I don't know if you can connect that with that.

Converting to local currency, in my country, means 50% taxation on the profits + social taxes which equates to another 16k per year.
That would just eat up all profits.

I always considered getting into crypto a one way street. Going back to fiat immediately alerts the tax hawks, and soon even the police.
Instead of converting to fiat it may even be better to just take the losses of the bear market.

Whether you lose 60% of the ATH (cash out) to all sorts of taxes, or the market declines 60% in a bear market and you hodl, comes down to the same thing.
But if you withdraw 100k you have alerted the authorities, and if you take the losses of the bear market you don't.

It's such a shame that they confiscate your profits on every withdrawal. Stablecoins are not a safe haven. Just for now

Yes, many people believe that ETH ETF has a bigger chance to be approved after what happen with BTC ETF.
I think there will be no major issue with stablecoin such as USDT and USDC (on any chain) in this year, so swap the profits to stablecoin indeed a wise strategy if you believe the BTC will crash soon.

For the tax concern, it depends where you live now. Every country has different terms and policy regarding the crypto tax.

not sure what you mean by stablecoin being depegged. they seem to be okay, especially the USDC and USDT, you could just be too anxious. but the value of USD could drop because of inflation so prices of stuff will surge. keeping your money in stablecoin is still best.

but it would be cool to see altcoins can be used to hedge when BTC is correcting. when you find one, you will be worried too if there is enough volume when you sell it. if you find ETH growing when BTC falls then it could be a good option.

The market is not that easy to predict. If it was so simple, everyone would have been a millionaire.
The coin that actually always rise in price when BTC decreases are stablecoins and the difference is minute in cents. There are some risk taking people that leverage the difference with leverage but the BTC moment is also never definite.
For every other alts, the general trend is they follow the BTC moment and as BTC decreases, they too would decrease. If you want to trade on the analytics and crest and trough, you might not have to differentiate between BTC or any other alts. But considering the lower cap of alts, they bring larger volatility.

I don't think they'll be an altcoin where you have a high probability of it outperforming bitcoin on a bear market. You simply either convert to stablecoins or your local currency, or you can hedge your holdings by holding short positions on CEXs/DEXs.

A guy once told me, altcoins generally do what bitcoin does, but to a larger extent.

So BTC goes up 10% --> Alts go up 20%
BTC goes down 10% --> Alts go down 20%

While there are some exceptions (ETH did not crash now, presumably because of the ETF rumour), during the last month I verified this.

I want to sell my BTC when I expect the next bull run to be over. But I do not want to cash out because that will lead to confiscation of the profits via taxation.
Someone told me to swap the profits for stablecoins. But stablecoins are currently under serious attack, and are at risk of getting depegged.

Is there any alternative to cashing out and paying enormous taxes? It makes no sense to swap 100k worth of BTC to an altcoin when we expect a BTC crash of 40%, when all other altcoins are likely to crash even harder.

I wish there was something that behaved conversely to the BTC price.