When BTC drops 50% all other altcoins also losing their value in USD for 50%. If i am mistaken please correct me. I think all altcoins should keep their stable value in USD no matter if BTC goes up or down. This is very strange to me.
it is not exactly same percentage sometimes it is bigger sometimes it is smaller and rarely it is even reverse. but you are correct they get dumped whenever bitcoin price goes down.
and I say the main reason is because they are called "altcoins". they are alternative to bitcoin, which makes them not be stand alone projects.
and the other main reason is that these altcoins are purely for speculation purposes there are no other usages for them that makes the market move as one.
I just want to ask you guys what is your exit strategy from altcoins when BTC corrects in the future for example 50-75%.
if that big a correction ever happened in bitcoin then just go back to fiat!
So what is your exit strategy from altcoins if BTC for some reson goes to 0 and everything is paired with BTC?
first I would ask myself why did bitcoin go to zero!
almost all the altcoins are forked from bitcoin one way or another. and the rest have at least something in common with bitcoin. the same reason that may cause a fall to 0 in bitcoin will cause the drop to 0 in all the altcoins too!
I now there is pairs with USDT also on Bittrex. Is this another option to exit from altcoins if BTC goes really down?
I never used USDT before
it is a centralized altcoin distributed and controlled by the same company that created bitfinex. it is not wise to use it but sometimes using it temporarily may be useful.
it is shady as hell and if anything happened to bitfinex or the company it will drop to 0 in less than 5 minutes.
Yes tether is centralized but if you play with a strategy , then tether is a very useful coins. For example if BTC went to 20000$ and you sold out and have tether. And later btc went to 10000$ then you will be having 20000$ tether as tether is almost stable for its price and you can buy 2 BTC's then.
