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Author Topic: Which altcoins are likely to go up when BTC goes down?  (Read 169 times)
GreatArkansas
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January 18, 2024, 02:05:23 AM
 #21

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.

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Essential10
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January 18, 2024, 04:51:35 AM
 #22

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.

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cryptoWODL
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January 18, 2024, 05:01:29 AM
 #23

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.

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January 18, 2024, 05:40:33 AM
 #24

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

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slashz9
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January 18, 2024, 07:31:29 AM
 #25

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.
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January 22, 2024, 09:45:33 AM
 #26

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.
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.

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